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[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:10", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:12", "text": "dubious speculation. If you guys like"}, {"start": "00:00:10", "end": "00:00:14", "text": "the content, make sure you subscribe to"}, {"start": "00:00:12", "end": "00:00:15", "text": "the channel, give the video a thumbs up,"}, {"start": "00:00:14", "end": "00:00:18", "text": "and check out the sale on into the"}, {"start": "00:00:15", "end": "00:00:20", "text": "cryptoverse premium at into the"}, {"start": "00:00:18", "end": "00:00:22", "text": "cryptoverse.com."}, {"start": "00:00:20", "end": "00:00:27", "text": "Let's go ahead and jump in. So, it's"}, {"start": "00:00:22", "end": "00:00:31", "text": "midappril now. Bitcoin is back at 75K."}, {"start": "00:00:27", "end": "00:00:33", "text": "We have notably swept the high from"}, {"start": "00:00:31", "end": "00:00:37", "text": "miday, but we haven't really gone that"}, {"start": "00:00:33", "end": "00:00:39", "text": "much higher yet. Um, we did see a"}, {"start": "00:00:37", "end": "00:00:43", "text": "similar pattern in 2022 where we had"}, {"start": "00:00:39", "end": "00:00:45", "text": "sort of a high in February and then we"}, {"start": "00:00:43", "end": "00:00:48", "text": "swept the high in late March. Uh, but"}, {"start": "00:00:45", "end": "00:00:50", "text": "that of course happened um, a little bit"}, {"start": "00:00:48", "end": "00:00:52", "text": "earlier, right? Like this was a late"}, {"start": "00:00:50", "end": "00:00:55", "text": "March high. This is still now about"}, {"start": "00:00:52", "end": "00:00:57", "text": "midappril. Now, one of the things I I"}, {"start": "00:00:55", "end": "00:00:59", "text": "wanted to mention is just seasonality. I"}, {"start": "00:00:57", "end": "00:01:01", "text": "want to be clear, seasonality is not"}, {"start": "00:00:59", "end": "00:01:03", "text": "everything, and I don't think people"}, {"start": "00:01:01", "end": "00:01:05", "text": "should treat it as such. The reason why"}, {"start": "00:01:03", "end": "00:01:10", "text": "I talk about it is because it tends to"}, {"start": "00:01:05", "end": "00:01:12", "text": "work out like 70% of the time, but there"}, {"start": "00:01:10", "end": "00:01:16", "text": "will be times where it doesn't work out."}, {"start": "00:01:12", "end": "00:01:19", "text": "In this case, we talked about weakness"}, {"start": "00:01:16", "end": "00:01:22", "text": "into early February"}, {"start": "00:01:19", "end": "00:01:25", "text": "where we would find a low and then we"}, {"start": "00:01:22", "end": "00:01:28", "text": "discussed weakness into early April."}, {"start": "00:01:25", "end": "00:01:30", "text": "Now, some people are under the illusion"}, {"start": "00:01:28", "end": "00:01:31", "text": "that there was not weakness going into"}, {"start": "00:01:30", "end": "00:01:34", "text": "early April, but there was, right? You"}, {"start": "00:01:31", "end": "00:01:36", "text": "can see that Bitcoin sold off and was"}, {"start": "00:01:34", "end": "00:01:40", "text": "weak going into early April where it"}, {"start": "00:01:36", "end": "00:01:43", "text": "found a higher low. Remember, windows of"}, {"start": "00:01:40", "end": "00:01:45", "text": "weakness do not always"}, {"start": "00:01:43", "end": "00:01:48", "text": "accompany lower lows. Sometimes the"}, {"start": "00:01:45", "end": "00:01:50", "text": "window of weakness causes Bitcoin to go"}, {"start": "00:01:48", "end": "00:01:53", "text": "down and then allows a higher low. And"}, {"start": "00:01:50", "end": "00:01:55", "text": "we've seen this before. And actually,"}, {"start": "00:01:53", "end": "00:01:57", "text": "one of the comparisons we talked about"}, {"start": "00:01:55", "end": "00:02:02", "text": "was just what happened simply in 2018"}, {"start": "00:01:57", "end": "00:02:03", "text": "where Bitcoin found a low at 6K in"}, {"start": "00:02:02", "end": "00:02:06", "text": "February."}, {"start": "00:02:03", "end": "00:02:10", "text": "not that dissimilar from 2026 where"}, {"start": "00:02:06", "end": "00:02:14", "text": "Bitcoin found a low in February at 60K"}, {"start": "00:02:10", "end": "00:02:17", "text": "and then Bitcoin bounced back up and"}, {"start": "00:02:14", "end": "00:02:21", "text": "then came back down and found a higher"}, {"start": "00:02:17", "end": "00:02:25", "text": "low in late March, early April. Same"}, {"start": "00:02:21", "end": "00:02:30", "text": "thing here, higher low late March, early"}, {"start": "00:02:25", "end": "00:02:31", "text": "April. So seasonality still played out,"}, {"start": "00:02:30", "end": "00:02:34", "text": "right? like you had weakness in going"}, {"start": "00:02:31", "end": "00:02:38", "text": "into February, you had weakness going"}, {"start": "00:02:34", "end": "00:02:40", "text": "into early April, but it did not yield a"}, {"start": "00:02:38", "end": "00:02:43", "text": "lower low. So, what happened back in"}, {"start": "00:02:40", "end": "00:02:47", "text": "2018? Well, back then, Bitcoin bounced"}, {"start": "00:02:43", "end": "00:02:51", "text": "back up and then found a lower high in"}, {"start": "00:02:47", "end": "00:02:53", "text": "late April and then it swept that high"}, {"start": "00:02:51", "end": "00:02:57", "text": "in early May."}, {"start": "00:02:53", "end": "00:02:58", "text": "So, you could argue that that would be"}, {"start": "00:02:57", "end": "00:03:03", "text": "something to consider here. And I was"}, {"start": "00:02:58", "end": "00:03:05", "text": "thinking like, are there any events that"}, {"start": "00:03:03", "end": "00:03:11", "text": "we might want to look towards by the end"}, {"start": "00:03:05", "end": "00:03:13", "text": "of April and early May? Well, it's a"}, {"start": "00:03:11", "end": "00:03:15", "text": "good thing you asked because um there"}, {"start": "00:03:13", "end": "00:03:18", "text": "is. And before we get to that, I want"}, {"start": "00:03:15", "end": "00:03:20", "text": "people to uh if they're curious, they"}, {"start": "00:03:18", "end": "00:03:21", "text": "can to sort of my thoughts, but they"}, {"start": "00:03:20", "end": "00:03:23", "text": "don't want to listen to the video,"}, {"start": "00:03:21", "end": "00:03:24", "text": "they'd rather read more of like a report"}, {"start": "00:03:23", "end": "00:03:29", "text": "and go through a lot of the charts. I"}, {"start": "00:03:24", "end": "00:03:32", "text": "did just release another crypto macro"}, {"start": "00:03:29", "end": "00:03:35", "text": "risk memo. So, if you go over to"}, {"start": "00:03:32", "end": "00:03:38", "text": "Benjamin Cowan.com and go to reports, we"}, {"start": "00:03:35", "end": "00:03:42", "text": "just released another one. So, we had"}, {"start": "00:03:38", "end": "00:03:46", "text": "one back on January 15th of 2026."}, {"start": "00:03:42", "end": "00:03:49", "text": "And on January 15th, that was right here"}, {"start": "00:03:46", "end": "00:03:52", "text": "at that lower high. And we just released"}, {"start": "00:03:49", "end": "00:03:55", "text": "the second crypto report. Now, we've had"}, {"start": "00:03:52", "end": "00:03:56", "text": "two other reports. uh one in February"}, {"start": "00:03:55", "end": "00:03:58", "text": "15, one on February 15th and one on"}, {"start": "00:03:56", "end": "00:04:01", "text": "March 15th. Now we have another one"}, {"start": "00:03:58", "end": "00:04:03", "text": "that's just dedicated towards crypto"}, {"start": "00:04:01", "end": "00:04:05", "text": "released on April 15th. So I would"}, {"start": "00:04:03", "end": "00:04:08", "text": "encourage you to go read that. It might"}, {"start": "00:04:05", "end": "00:04:09", "text": "give you some insight into into more"}, {"start": "00:04:08", "end": "00:04:11", "text": "into more what I'm thinking about about"}, {"start": "00:04:09", "end": "00:04:13", "text": "the market. So again, you can find that"}, {"start": "00:04:11", "end": "00:04:15", "text": "at benjaminc.com and it is of course"}, {"start": "00:04:13", "end": "00:04:18", "text": "completely free. So go check it out if"}, {"start": "00:04:15", "end": "00:04:21", "text": "you want to check it out. Now, the thing"}, {"start": "00:04:18", "end": "00:04:25", "text": "that I want to talk about here is how"}, {"start": "00:04:21", "end": "00:04:29", "text": "there's there was weakness by Bitcoin in"}, {"start": "00:04:25", "end": "00:04:34", "text": "2018 going into early February and going"}, {"start": "00:04:29", "end": "00:04:37", "text": "into early April. Now, when was the next"}, {"start": "00:04:34", "end": "00:04:42", "text": "window of weakness after that? The next"}, {"start": "00:04:37", "end": "00:04:45", "text": "one, the next low we found was in June,"}, {"start": "00:04:42", "end": "00:04:48", "text": "right? It occurred in June. And note the"}, {"start": "00:04:45", "end": "00:04:50", "text": "lower high occurred in like late April"}, {"start": "00:04:48", "end": "00:04:55", "text": "and then we swept that high in early"}, {"start": "00:04:50", "end": "00:04:57", "text": "May. So what event might we consider"}, {"start": "00:04:55", "end": "00:05:01", "text": "that could be coming up here in late"}, {"start": "00:04:57", "end": "00:05:04", "text": "April, early May? Well, late April"}, {"start": "00:05:01", "end": "00:05:08", "text": "the next Fed meeting."}, {"start": "00:05:04", "end": "00:05:13", "text": "So the next Fed meeting is on April"}, {"start": "00:05:08", "end": "00:05:16", "text": "29th. Okay. Now, in 2018"}, {"start": "00:05:13", "end": "00:05:20", "text": "when Bitcoin had this rally,"}, {"start": "00:05:16", "end": "00:05:22", "text": "the local high was on the 25th and then"}, {"start": "00:05:20", "end": "00:05:25", "text": "we swept the high on May 5th. Now, it's"}, {"start": "00:05:22", "end": "00:05:27", "text": "not only the Fed is meeting in late"}, {"start": "00:05:25", "end": "00:05:30", "text": "April, but we're also going to have a"}, {"start": "00:05:27", "end": "00:05:32", "text": "Bank of Japan meeting and we'll see what"}, {"start": "00:05:30", "end": "00:05:34", "text": "they do if they keep rates constant or"}, {"start": "00:05:32", "end": "00:05:37", "text": "if they raise rates. But I just want to"}, {"start": "00:05:34", "end": "00:05:41", "text": "put that on your radar. So in the short"}, {"start": "00:05:37", "end": "00:05:44", "text": "term, you could argue that Bitcoin had"}, {"start": "00:05:41", "end": "00:05:47", "text": "the window of weakness into early April."}, {"start": "00:05:44", "end": "00:05:52", "text": "It printed a higher low like it did in"}, {"start": "00:05:47", "end": "00:05:56", "text": "2018. And now in a similar way to 2018,"}, {"start": "00:05:52", "end": "00:05:57", "text": "it then rallied up to the bull market"}, {"start": "00:05:56", "end": "00:05:59", "text": "support band. Now, it hasn't actually"}, {"start": "00:05:57", "end": "00:06:01", "text": "quite made it to the bull market support"}, {"start": "00:05:59", "end": "00:06:04", "text": "band. I don't want to, you know, I don't"}, {"start": "00:06:01", "end": "00:06:06", "text": "want to suggest that it has to, but that"}, {"start": "00:06:04", "end": "00:06:08", "text": "obviously has to be on your radar,"}, {"start": "00:06:06", "end": "00:06:09", "text": "right? Always in a bare market, you"}, {"start": "00:06:08", "end": "00:06:12", "text": "would say that the bare market"}, {"start": "00:06:09", "end": "00:06:14", "text": "resistance band is a place that you"}, {"start": "00:06:12", "end": "00:06:17", "text": "could find resistance. And there are"}, {"start": "00:06:14", "end": "00:06:20", "text": "times like in say 2022"}, {"start": "00:06:17", "end": "00:06:22", "text": "where Bitcoin got above it briefly. And"}, {"start": "00:06:20", "end": "00:06:24", "text": "so what I'd like to do is look at some"}, {"start": "00:06:22", "end": "00:06:26", "text": "other moving averages. And one of those"}, {"start": "00:06:24", "end": "00:06:28", "text": "is the 100 day moving average. So, the"}, {"start": "00:06:26", "end": "00:06:30", "text": "100 day moving average, Bitcoin,"}, {"start": "00:06:28", "end": "00:06:33", "text": "actually already found resistance at it"}, {"start": "00:06:30", "end": "00:06:37", "text": "back on January 15th when I released the"}, {"start": "00:06:33", "end": "00:06:39", "text": "first report. Now, we're at the same"}, {"start": "00:06:37", "end": "00:06:42", "text": "spot that 100 day moving average. Now,"}, {"start": "00:06:39", "end": "00:06:44", "text": "you can see in the 2022 bare market,"}, {"start": "00:06:42", "end": "00:06:48", "text": "Bitcoin got rejected by the 100 day"}, {"start": "00:06:44", "end": "00:06:50", "text": "moving average except for March of 2022"}, {"start": "00:06:48", "end": "00:06:52", "text": "where it went above it and then pretty"}, {"start": "00:06:50", "end": "00:06:54", "text": "quickly came back down. And you can see"}, {"start": "00:06:52", "end": "00:06:57", "text": "back then we were also printing this"}, {"start": "00:06:54", "end": "00:06:59", "text": "like higher low structure. Higher lows,"}, {"start": "00:06:57", "end": "00:07:02", "text": "higher highs got people bullish and then"}, {"start": "00:06:59", "end": "00:07:04", "text": "it ultimately came back down. Now I want"}, {"start": "00:07:02", "end": "00:07:07", "text": "to be clear about something. There's"}, {"start": "00:07:04", "end": "00:07:10", "text": "pricebased capitulation but in my"}, {"start": "00:07:07", "end": "00:07:12", "text": "opinion the more important aspect is"}, {"start": "00:07:10", "end": "00:07:13", "text": "timebased"}, {"start": "00:07:12", "end": "00:07:19", "text": "capitulation."}, {"start": "00:07:13", "end": "00:07:23", "text": "So if 60k is the low, then I would still"}, {"start": "00:07:19", "end": "00:07:26", "text": "expect to test it many more times. Kind"}, {"start": "00:07:23", "end": "00:07:30", "text": "of like 2018. Now in 2018, Bitcoin"}, {"start": "00:07:26", "end": "00:07:32", "text": "tested 6K over and over and over again."}, {"start": "00:07:30", "end": "00:07:36", "text": "But then by the end of the year, Bitcoin"}, {"start": "00:07:32", "end": "00:07:38", "text": "broke down. Okay, 6K also came into play"}, {"start": "00:07:36", "end": "00:07:40", "text": "in 2019"}, {"start": "00:07:38", "end": "00:07:43", "text": "and eventually we broke down below it."}, {"start": "00:07:40", "end": "00:07:46", "text": "So I do want to consider you know people"}, {"start": "00:07:43", "end": "00:07:48", "text": "to consider that timebased capitulation"}, {"start": "00:07:46", "end": "00:07:51", "text": "is more important than price based"}, {"start": "00:07:48", "end": "00:07:53", "text": "capitulation and usually in bare markets"}, {"start": "00:07:51", "end": "00:07:54", "text": "I think it would make sense to assume"}, {"start": "00:07:53", "end": "00:07:56", "text": "that they're going to last for more than"}, {"start": "00:07:54", "end": "00:07:58", "text": "just a couple you know a few months and"}, {"start": "00:07:56", "end": "00:08:00", "text": "that you know we likely will even if"}, {"start": "00:07:58", "end": "00:08:02", "text": "this does break through the 100 day"}, {"start": "00:08:00", "end": "00:08:03", "text": "moving average maybe it goes all the way"}, {"start": "00:08:02", "end": "00:08:05", "text": "up to the 200 day. I don't know how high"}, {"start": "00:08:03", "end": "00:08:08", "text": "it'll go before it it it it starts to"}, {"start": "00:08:05", "end": "00:08:11", "text": "head back down. But"}, {"start": "00:08:08", "end": "00:08:14", "text": "these levels are often tested in bare"}, {"start": "00:08:11", "end": "00:08:16", "text": "markets. I mean, even in in uh 2022 when"}, {"start": "00:08:14", "end": "00:08:19", "text": "Bitcoin broke through the 100 day, it"}, {"start": "00:08:16", "end": "00:08:21", "text": "actually got rejected at the 200 day"}, {"start": "00:08:19", "end": "00:08:22", "text": "moving average. So, I guess that's the"}, {"start": "00:08:21", "end": "00:08:25", "text": "argument like if Bitcoin makes it"}, {"start": "00:08:22", "end": "00:08:27", "text": "through the 100 day, then perhaps that"}, {"start": "00:08:25", "end": "00:08:29", "text": "next major area will be the 200 day"}, {"start": "00:08:27", "end": "00:08:31", "text": "moving average. But, it hasn't even"}, {"start": "00:08:29", "end": "00:08:33", "text": "really durably made it through it just"}, {"start": "00:08:31", "end": "00:08:35", "text": "yet. I mean, it's kind of above it, but"}, {"start": "00:08:33", "end": "00:08:36", "text": "we haven't yet had a daily close. Maybe"}, {"start": "00:08:35", "end": "00:08:38", "text": "by the time you watch this video, we"}, {"start": "00:08:36", "end": "00:08:41", "text": "will have had one. So, I guess that is"}, {"start": "00:08:38", "end": "00:08:44", "text": "is the gap to watch. But what I think is"}, {"start": "00:08:41", "end": "00:08:46", "text": "more sort of interesting right now in in"}, {"start": "00:08:44", "end": "00:08:49", "text": "terms of trying to figure out how much"}, {"start": "00:08:46", "end": "00:08:52", "text": "Bitcoin could still go up and and sort"}, {"start": "00:08:49", "end": "00:08:54", "text": "of like where we are is more of like a"}, {"start": "00:08:52", "end": "00:08:57", "text": "it's a time based approach. It's a"}, {"start": "00:08:54", "end": "00:08:59", "text": "seasonality approach. and seeing that,"}, {"start": "00:08:57", "end": "00:09:01", "text": "you know, in 2018, which is kind of"}, {"start": "00:08:59", "end": "00:09:03", "text": "following a similar pattern, a low in"}, {"start": "00:09:01", "end": "00:09:05", "text": "February, a higher low in April, the"}, {"start": "00:09:03", "end": "00:09:08", "text": "lower high came in late April and early"}, {"start": "00:09:05", "end": "00:09:10", "text": "May, and then we came back down in the"}, {"start": "00:09:08", "end": "00:09:12", "text": "summer, and then volatility basically"}, {"start": "00:09:10", "end": "00:09:13", "text": "dried up until the very end of the year,"}, {"start": "00:09:12", "end": "00:09:18", "text": "and then we had a reset, and then the"}, {"start": "00:09:13", "end": "00:09:20", "text": "next cycle began. Now, in 2022, the next"}, {"start": "00:09:18", "end": "00:09:24", "text": "sort of the the major low also occurred"}, {"start": "00:09:20", "end": "00:09:28", "text": "in June. So you have two midterm years"}, {"start": "00:09:24", "end": "00:09:30", "text": "where you have a major low in June"}, {"start": "00:09:28", "end": "00:09:35", "text": "and in both cases the market went"}, {"start": "00:09:30", "end": "00:09:38", "text": "marginally lower later in the year."}, {"start": "00:09:35", "end": "00:09:42", "text": "2014 was a little different. In this"}, {"start": "00:09:38", "end": "00:09:46", "text": "case, Bitcoin printed a high in June,"}, {"start": "00:09:42", "end": "00:09:49", "text": "but when it printed the high in June, it"}, {"start": "00:09:46", "end": "00:09:51", "text": "was after Bitcoin had a lower low in"}, {"start": "00:09:49", "end": "00:09:53", "text": "April. Right? So, you had a lower low in"}, {"start": "00:09:51", "end": "00:09:54", "text": "April rather than a higher low and"}, {"start": "00:09:53", "end": "00:09:56", "text": "therefore the rally ended up lasting"}, {"start": "00:09:54", "end": "00:09:58", "text": "longer. Perhaps people just got more"}, {"start": "00:09:56", "end": "00:10:00", "text": "wiped out over here and it cleared the"}, {"start": "00:09:58", "end": "00:10:02", "text": "way for a larger rally. But you'll"}, {"start": "00:10:00", "end": "00:10:04", "text": "notice that that also got rejected at"}, {"start": "00:10:02", "end": "00:10:06", "text": "around the 200 day moving average. It"}, {"start": "00:10:04", "end": "00:10:09", "text": "got a little bit above it, but mostly"}, {"start": "00:10:06", "end": "00:10:11", "text": "rejected at the 200 day. In 2018,"}, {"start": "00:10:09", "end": "00:10:14", "text": "Bitcoin got rejected at the 200 day"}, {"start": "00:10:11", "end": "00:10:16", "text": "moving average in late April and early"}, {"start": "00:10:14", "end": "00:10:18", "text": "May. And in 2022, Bitcoin got rejected"}, {"start": "00:10:16", "end": "00:10:21", "text": "by the 200 day moving average in late"}, {"start": "00:10:18", "end": "00:10:23", "text": "March. So, I guess those are the main"}, {"start": "00:10:21", "end": "00:10:26", "text": "levels to watch. The 100 day and the 200"}, {"start": "00:10:23", "end": "00:10:28", "text": "day, those seem to be kind of major"}, {"start": "00:10:26", "end": "00:10:30", "text": "resistance levels by Bitcoin in bare"}, {"start": "00:10:28", "end": "00:10:32", "text": "markets, as well as that bare market"}, {"start": "00:10:30", "end": "00:10:34", "text": "resistance band. It's hard to know"}, {"start": "00:10:32", "end": "00:10:36", "text": "exactly where Bitcoin will get to before"}, {"start": "00:10:34", "end": "00:10:38", "text": "it starts to turn back down and head"}, {"start": "00:10:36", "end": "00:10:40", "text": "back down what I think will likely be"}, {"start": "00:10:38", "end": "00:10:43", "text": "back to 60K."}, {"start": "00:10:40", "end": "00:10:45", "text": "Um, but I would say the timing on it"}, {"start": "00:10:43", "end": "00:10:47", "text": "will likely be within a couple of weeks"}, {"start": "00:10:45", "end": "00:10:48", "text": "or so, right? like within a couple of"}, {"start": "00:10:47", "end": "00:10:51", "text": "weeks, probably by the end of the month"}, {"start": "00:10:48", "end": "00:10:53", "text": "or early May, that is where you likely"}, {"start": "00:10:51", "end": "00:10:55", "text": "will start to see that weakness creep"}, {"start": "00:10:53", "end": "00:10:57", "text": "back in. And again, just because you"}, {"start": "00:10:55", "end": "00:10:58", "text": "might enter into another window of"}, {"start": "00:10:57", "end": "00:11:01", "text": "weakness doesn't actually mean that"}, {"start": "00:10:58", "end": "00:11:02", "text": "Bitcoin has to print a lower low, right?"}, {"start": "00:11:01", "end": "00:11:05", "text": "Like it could be a higher low for all we"}, {"start": "00:11:02", "end": "00:11:09", "text": "know. uh in 2014"}, {"start": "00:11:05", "end": "00:11:11", "text": "when Bitcoin had the lower low in April,"}, {"start": "00:11:09", "end": "00:11:15", "text": "it didn't actually print a lower low"}, {"start": "00:11:11", "end": "00:11:18", "text": "after the April low until October of"}, {"start": "00:11:15", "end": "00:11:20", "text": "2014. So I I don't want people to sort"}, {"start": "00:11:18", "end": "00:11:22", "text": "of assume that a window of weakness or a"}, {"start": "00:11:20", "end": "00:11:24", "text": "window of strength always means a higher"}, {"start": "00:11:22", "end": "00:11:28", "text": "price or a lower price. It's just that"}, {"start": "00:11:24", "end": "00:11:30", "text": "in midterm years going into early March"}, {"start": "00:11:28", "end": "00:11:32", "text": "tends to be a time when Bitcoin shows"}, {"start": "00:11:30", "end": "00:11:34", "text": "some strength. ear going into early"}, {"start": "00:11:32", "end": "00:11:36", "text": "April is where you find weakness and"}, {"start": "00:11:34", "end": "00:11:38", "text": "then going into late April, early May"}, {"start": "00:11:36", "end": "00:11:40", "text": "tends to be a little bit more strength"}, {"start": "00:11:38", "end": "00:11:44", "text": "again. And then as you get further out"}, {"start": "00:11:40", "end": "00:11:45", "text": "into like sort of May and June,"}, {"start": "00:11:44", "end": "00:11:47", "text": "especially as you get further out into"}, {"start": "00:11:45", "end": "00:11:49", "text": "May, that's where you start to see the"}, {"start": "00:11:47", "end": "00:11:50", "text": "weakness kind of rise back up. And I"}, {"start": "00:11:49", "end": "00:11:52", "text": "don't know what the narrative is going"}, {"start": "00:11:50", "end": "00:11:55", "text": "to be, but one of the things I draw your"}, {"start": "00:11:52", "end": "00:11:58", "text": "attention to is not just Bitcoin, but"}, {"start": "00:11:55", "end": "00:12:01", "text": "looking at the total market cap um and"}, {"start": "00:11:58", "end": "00:12:03", "text": "and sort of seeing that as as another"}, {"start": "00:12:01", "end": "00:12:05", "text": "potential indicator that has not yet"}, {"start": "00:12:03", "end": "00:12:06", "text": "swept the high from March. So that might"}, {"start": "00:12:05", "end": "00:12:08", "text": "be interesting to watch. And then the"}, {"start": "00:12:06", "end": "00:12:10", "text": "other thing that I think is even more"}, {"start": "00:12:08", "end": "00:12:12", "text": "important to watch"}, {"start": "00:12:10", "end": "00:12:14", "text": "is stable coin dominance. Because if you"}, {"start": "00:12:12", "end": "00:12:16", "text": "look at USDT dominance plus USDC"}, {"start": "00:12:14", "end": "00:12:20", "text": "dominance,"}, {"start": "00:12:16", "end": "00:12:21", "text": "what you'll notice there, if I can hide"}, {"start": "00:12:20", "end": "00:12:24", "text": "this one, right? So what you'll notice"}, {"start": "00:12:21", "end": "00:12:27", "text": "there is that Bitcoin or sorry, stable"}, {"start": "00:12:24", "end": "00:12:30", "text": "coin dominance found support at the 100"}, {"start": "00:12:27", "end": "00:12:33", "text": "day in January and now it's sitting at"}, {"start": "00:12:30", "end": "00:12:36", "text": "it again in April. Now, I'm not saying"}, {"start": "00:12:33", "end": "00:12:39", "text": "it can't go below it. In the 2022 stable"}, {"start": "00:12:36", "end": "00:12:42", "text": "coin dominance bull market, you can see"}, {"start": "00:12:39", "end": "00:12:44", "text": "it did go slightly below it in late"}, {"start": "00:12:42", "end": "00:12:47", "text": "March, right? Like it did go slightly"}, {"start": "00:12:44", "end": "00:12:50", "text": "below it. But the point is is when you"}, {"start": "00:12:47", "end": "00:12:52", "text": "look at sort of the a longer term moving"}, {"start": "00:12:50", "end": "00:12:54", "text": "average like maybe um or sort of a"}, {"start": "00:12:52", "end": "00:12:56", "text": "weekly moving average like the the bull"}, {"start": "00:12:54", "end": "00:12:58", "text": "market support band for stable coin"}, {"start": "00:12:56", "end": "00:13:01", "text": "dominance. This might be a little bit"}, {"start": "00:12:58", "end": "00:13:03", "text": "more interesting because in late March,"}, {"start": "00:13:01", "end": "00:13:05", "text": "early April, that is where stable coin"}, {"start": "00:13:03", "end": "00:13:07", "text": "dominance found support at the bull"}, {"start": "00:13:05", "end": "00:13:10", "text": "market support band. And you can see"}, {"start": "00:13:07", "end": "00:13:13", "text": "that it's not that far removed from"}, {"start": "00:13:10", "end": "00:13:15", "text": "potentially finding support there again"}, {"start": "00:13:13", "end": "00:13:20", "text": "sometime over the next couple of weeks."}, {"start": "00:13:15", "end": "00:13:21", "text": "So if we see Bitcoin inch higher, then I"}, {"start": "00:13:20", "end": "00:13:24", "text": "would look towards that because if you"}, {"start": "00:13:21", "end": "00:13:26", "text": "look at at what happened in 2022, you'll"}, {"start": "00:13:24", "end": "00:13:29", "text": "see there was a low set and then stable"}, {"start": "00:13:26", "end": "00:13:31", "text": "coin dominance then swept that low at"}, {"start": "00:13:29", "end": "00:13:34", "text": "the bull market support band before then"}, {"start": "00:13:31", "end": "00:13:37", "text": "going higher into June. Now look, so you"}, {"start": "00:13:34", "end": "00:13:39", "text": "had a low and then you swept the low and"}, {"start": "00:13:37", "end": "00:13:41", "text": "then it led to the next expansion phase"}, {"start": "00:13:39", "end": "00:13:44", "text": "by stable coin dominance. Well, stable"}, {"start": "00:13:41", "end": "00:13:47", "text": "coin dominance set the low. It hasn't"}, {"start": "00:13:44", "end": "00:13:49", "text": "yet swept the low, but you can see that"}, {"start": "00:13:47", "end": "00:13:52", "text": "if it were to sweep the low, it would"}, {"start": "00:13:49", "end": "00:13:55", "text": "roughly correspond to the bull market"}, {"start": "00:13:52", "end": "00:13:57", "text": "support band, which by the way would"}, {"start": "00:13:55", "end": "00:13:59", "text": "correspond to Bitcoin likely tagging its"}, {"start": "00:13:57", "end": "00:14:02", "text": "own bull market support band or in this"}, {"start": "00:13:59", "end": "00:14:07", "text": "case bare market resistance band. So the"}, {"start": "00:14:02", "end": "00:14:10", "text": "way I see it is that I do not yet think"}, {"start": "00:14:07", "end": "00:14:13", "text": "that the low here can be considered a"}, {"start": "00:14:10", "end": "00:14:16", "text": "durable bottom with the information that"}, {"start": "00:14:13", "end": "00:14:18", "text": "we have right now. Okay, if it is to be"}, {"start": "00:14:16", "end": "00:14:21", "text": "considered that, I think it would only"}, {"start": "00:14:18", "end": "00:14:23", "text": "occur after other multiple tests of that"}, {"start": "00:14:21", "end": "00:14:26", "text": "level as the year goes on, as the"}, {"start": "00:14:23", "end": "00:14:30", "text": "midterm year goes on. But in terms of a"}, {"start": "00:14:26", "end": "00:14:32", "text": "window of weakness, the entire year for"}, {"start": "00:14:30", "end": "00:14:35", "text": "Bitcoin in midterm years tends to be a"}, {"start": "00:14:32", "end": "00:14:37", "text": "weak year. It's just that the lows"}, {"start": "00:14:35", "end": "00:14:39", "text": "within the midterm year, those are sort"}, {"start": "00:14:37", "end": "00:14:41", "text": "of the local windows of weakness. But"}, {"start": "00:14:39", "end": "00:14:43", "text": "the entire midterm year is a window of"}, {"start": "00:14:41", "end": "00:14:47", "text": "weakness for the crypto markets. And so"}, {"start": "00:14:43", "end": "00:14:50", "text": "I I think that um I think you likely"}, {"start": "00:14:47", "end": "00:14:52", "text": "will see Bitcoin get rejected from some"}, {"start": "00:14:50", "end": "00:14:54", "text": "of these levels up here and then head"}, {"start": "00:14:52", "end": "00:14:55", "text": "back down. And I I don't know. I don't"}, {"start": "00:14:54", "end": "00:14:58", "text": "know exactly where. I'm not going to"}, {"start": "00:14:55", "end": "00:15:00", "text": "pretend to know. Uh but that would be my"}, {"start": "00:14:58", "end": "00:15:02", "text": "guess. And the timing on it would likely"}, {"start": "00:15:00", "end": "00:15:06", "text": "be sometime around like late April or"}, {"start": "00:15:02", "end": "00:15:08", "text": "early May, roughly coinciding with the"}, {"start": "00:15:06", "end": "00:15:11", "text": "next meeting of the, you know, of the"}, {"start": "00:15:08", "end": "00:15:13", "text": "Federal Reserve. So, we'll see if that"}, {"start": "00:15:11", "end": "00:15:14", "text": "happens. We'll see. But but those are my"}, {"start": "00:15:13", "end": "00:15:15", "text": "thoughts on the market right now. Again,"}, {"start": "00:15:14", "end": "00:15:17", "text": "if you want to go into a little bit more"}, {"start": "00:15:15", "end": "00:15:19", "text": "detail about things, I would encourage"}, {"start": "00:15:17", "end": "00:15:20", "text": "you to go over to my website,"}, {"start": "00:15:19", "end": "00:15:23", "text": "benjaminc.com,"}, {"start": "00:15:20", "end": "00:15:28", "text": "go over to reports, and we just released"}, {"start": "00:15:23", "end": "00:15:30", "text": "the crypto risk memo uh for Q2 of 2026."}, {"start": "00:15:28", "end": "00:15:31", "text": "You can get it absolutely free. Make"}, {"start": "00:15:30", "end": "00:15:33", "text": "sure you guys check it out, and also"}, {"start": "00:15:31", "end": "00:15:34", "text": "check out the sale on Into the"}, {"start": "00:15:33", "end": "00:15:36", "text": "Cryptoverse Premium at into the"}, {"start": "00:15:34", "end": "00:15:38", "text": "cryptoverse.com."}, {"start": "00:15:36", "end": "00:15:39", "text": "Thank you guys for tuning in. Make sure"}, {"start": "00:15:38", "end": "00:15:41", "text": "you subscribe, give the video a thumbs"}, {"start": "00:15:39", "end": "00:15:43", "text": "up, and I'll see you guys next time."}, {"start": "00:15:41", "end": "00:15:43", "text": "Bye."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:06", "text": "into the cryptoverse. Here we are with"}, {"start": "00:00:04", "end": "00:00:09", "text": "NFA Live once again. We've had a bit of"}, {"start": "00:00:06", "end": "00:00:12", "text": "a break mostly because I was out of"}, {"start": "00:00:09", "end": "00:00:14", "text": "town. Uh but we are in fact back now. Um"}, {"start": "00:00:12", "end": "00:00:17", "text": "so thank you guys for tuning in. And we"}, {"start": "00:00:14", "end": "00:00:19", "text": "have Guy from Coinb. How's it going?"}, {"start": "00:00:17", "end": "00:00:22", "text": ">> Good, thanks Ben. How are you"}, {"start": "00:00:19", "end": "00:00:24", "text": ">> doing? Pretty well. And Rob from Digital"}, {"start": "00:00:22", "end": "00:00:29", "text": "Asset News. How's it going, Rob?"}, {"start": "00:00:24", "end": "00:00:29", "text": ">> Hello gentlemen. Another great day."}, {"start": "00:00:30", "end": "00:00:38", "text": "Yeah. Well, I mean, here we are. Um, it"}, {"start": "00:00:33", "end": "00:00:40", "text": "is now April 16th of 2026. So, we're"}, {"start": "00:00:38", "end": "00:00:42", "text": "kind of getting through this getting"}, {"start": "00:00:40", "end": "00:00:44", "text": "through this year one day at a time. Um,"}, {"start": "00:00:42", "end": "00:00:46", "text": "we got some questions we're going to go"}, {"start": "00:00:44", "end": "00:00:48", "text": "through. I've been kind of out of the"}, {"start": "00:00:46", "end": "00:00:50", "text": "loop for a little while. So, I'm excited"}, {"start": "00:00:48", "end": "00:00:53", "text": "to to learn about some of the"}, {"start": "00:00:50", "end": "00:00:55", "text": "developments recently. Um"}, {"start": "00:00:53", "end": "00:00:59", "text": "so I guess my first question I will"}, {"start": "00:00:55", "end": "00:01:04", "text": "start with um Guy I'll start with you."}, {"start": "00:00:59", "end": "00:01:06", "text": "Um what are your thoughts about uh X"}, {"start": "00:01:04", "end": "00:01:11", "text": "money?"}, {"start": "00:01:06", "end": "00:01:13", "text": ">> X money. Yeah. Um, so this is the X"}, {"start": "00:01:11", "end": "00:01:16", "text": "Money for those who don't know is the um"}, {"start": "00:01:13", "end": "00:01:18", "text": "is the latest innovation from from the"}, {"start": "00:01:16", "end": "00:01:19", "text": "platform formerly known as Twitter, now"}, {"start": "00:01:18", "end": "00:01:21", "text": "known as X"}, {"start": "00:01:19", "end": "00:01:23", "text": ">> still known as Twitter."}, {"start": "00:01:21", "end": "00:01:25", "text": ">> Still known as Twitter. Yeah. Still kn"}, {"start": "00:01:23", "end": "00:01:28", "text": "still known to to those of us as a"}, {"start": "00:01:25", "end": "00:01:31", "text": "certain age still and for to to for to"}, {"start": "00:01:28", "end": "00:01:35", "text": "forever to be known as Twitter. Um but"}, {"start": "00:01:31", "end": "00:01:36", "text": "that nonetheless calls itself X. Um and"}, {"start": "00:01:35", "end": "00:01:38", "text": "yeah, this is interesting because"}, {"start": "00:01:36", "end": "00:01:42", "text": "they've talked about this for quite a"}, {"start": "00:01:38", "end": "00:01:44", "text": "long time, this idea of um you know, of"}, {"start": "00:01:42", "end": "00:01:47", "text": "basically becoming a financial super"}, {"start": "00:01:44", "end": "00:01:49", "text": "app. Um because one I think something"}, {"start": "00:01:47", "end": "00:01:51", "text": "that's really important to remember and"}, {"start": "00:01:49", "end": "00:01:54", "text": "or or that's quite easy to forget is"}, {"start": "00:01:51", "end": "00:01:58", "text": "that you know that there is a there is a"}, {"start": "00:01:54", "end": "00:02:02", "text": "whole other internet basically that us"}, {"start": "00:01:58", "end": "00:02:04", "text": "westerners us English speakers um aren't"}, {"start": "00:02:02", "end": "00:02:07", "text": "generally all that aware of. Um, you"}, {"start": "00:02:04", "end": "00:02:09", "text": "know, in China, uh, they have obviously,"}, {"start": "00:02:07", "end": "00:02:10", "text": "you know, because because of there's a"}, {"start": "00:02:09", "end": "00:02:12", "text": "there's a there's a big language gap,"}, {"start": "00:02:10", "end": "00:02:14", "text": "but, you know, they have a lot of these,"}, {"start": "00:02:12", "end": "00:02:16", "text": "uh, so-called super apps, you know,"}, {"start": "00:02:14", "end": "00:02:19", "text": "things like Waybone and WeChat and"}, {"start": "00:02:16", "end": "00:02:22", "text": "whatever. Um, that actually have a whole"}, {"start": "00:02:19", "end": "00:02:24", "text": "ton of features. I mean, WeChat is is,"}, {"start": "00:02:22", "end": "00:02:25", "text": "um, you know, you can do all sorts"}, {"start": "00:02:24", "end": "00:02:27", "text": "there. It's not just, you know, it it's"}, {"start": "00:02:25", "end": "00:02:28", "text": "like I think it's like, from what I'm"}, {"start": "00:02:27", "end": "00:02:30", "text": "told, it's sort of like WhatsApp, but on"}, {"start": "00:02:28", "end": "00:02:31", "text": "steroids. You know, you can do all sorts"}, {"start": "00:02:30", "end": "00:02:36", "text": "there."}, {"start": "00:02:31", "end": "00:02:39", "text": "Um but we have never really had anything"}, {"start": "00:02:36", "end": "00:02:42", "text": "like this in the west and I think it's"}, {"start": "00:02:39", "end": "00:02:44", "text": "become something of a holy grail now. Um"}, {"start": "00:02:42", "end": "00:02:46", "text": "because obviously you know if you can if"}, {"start": "00:02:44", "end": "00:02:49", "text": "you can get one of these apps that you"}, {"start": "00:02:46", "end": "00:02:50", "text": "keep people on. I mean it's all about"}, {"start": "00:02:49", "end": "00:02:52", "text": "retention isn't it? This is what we see"}, {"start": "00:02:50", "end": "00:02:56", "text": "with social media. This is what the"}, {"start": "00:02:52", "end": "00:02:57", "text": "likes of um Meta and and YouTube and you"}, {"start": "00:02:56", "end": "00:03:00", "text": "know Google all these all these"}, {"start": "00:02:57", "end": "00:03:02", "text": "companies you know um they all want to"}, {"start": "00:03:00", "end": "00:03:05", "text": "retain users they want to hold users in"}, {"start": "00:03:02", "end": "00:03:07", "text": "the app. So I think the the thinking is"}, {"start": "00:03:05", "end": "00:03:10", "text": "that if you can get people transacting"}, {"start": "00:03:07", "end": "00:03:14", "text": "within the app um then that is another"}, {"start": "00:03:10", "end": "00:03:16", "text": "way to a to retain them and you know b"}, {"start": "00:03:14", "end": "00:03:19", "text": "to sort of grow into something more in"}, {"start": "00:03:16", "end": "00:03:22", "text": "obviously in X's case it's sorry"}, {"start": "00:03:19", "end": "00:03:24", "text": "Twitter's case um it's basically you"}, {"start": "00:03:22", "end": "00:03:26", "text": "know for a while now it's basically been"}, {"start": "00:03:24", "end": "00:03:28", "text": "a platform where where bots can trade"}, {"start": "00:03:26", "end": "00:03:31", "text": "insults with each other"}, {"start": "00:03:28", "end": "00:03:32", "text": ">> um and you know I guess that they're"}, {"start": "00:03:31", "end": "00:03:34", "text": "probably looking for something you know"}, {"start": "00:03:32", "end": "00:03:36", "text": "a bit more than that. I think Elon Musk"}, {"start": "00:03:34", "end": "00:03:38", "text": "has been I mean I think that's partly"}, {"start": "00:03:36", "end": "00:03:41", "text": "behind the rebranding to X. I think"}, {"start": "00:03:38", "end": "00:03:42", "text": "that's one of the reasons why uh Elon"}, {"start": "00:03:41", "end": "00:03:44", "text": "Musk has sort of been chasing this"}, {"start": "00:03:42", "end": "00:03:47", "text": "because I think that's been his ambition"}, {"start": "00:03:44", "end": "00:03:50", "text": "for quite a long time to turn X into"}, {"start": "00:03:47", "end": "00:03:52", "text": "some sort of super app. Um it's taken"}, {"start": "00:03:50", "end": "00:03:53", "text": "quite a long time but it now seems like"}, {"start": "00:03:52", "end": "00:03:56", "text": "they're getting here and I think it was"}, {"start": "00:03:53", "end": "00:04:00", "text": "Nikita Beer who's their is he their head"}, {"start": "00:03:56", "end": "00:04:03", "text": "of product? Is that his official title?"}, {"start": "00:04:00", "end": "00:04:06", "text": "um he tweeted out um something he"}, {"start": "00:04:03", "end": "00:04:08", "text": "tweeted out crypto has had a rough year"}, {"start": "00:04:06", "end": "00:04:10", "text": "maybe we should launch something to fix"}, {"start": "00:04:08", "end": "00:04:13", "text": "it um and I think this this refers to"}, {"start": "00:04:10", "end": "00:04:15", "text": "the launch of X money um but when I had"}, {"start": "00:04:13", "end": "00:04:18", "text": "a look I mean I couldn't really see"}, {"start": "00:04:15", "end": "00:04:21", "text": "anything much about you know crypto as"}, {"start": "00:04:18", "end": "00:04:23", "text": "far as I know it doesn't run on"}, {"start": "00:04:21", "end": "00:04:26", "text": "blockchain rails it seems to have a it"}, {"start": "00:04:23", "end": "00:04:28", "text": "seems to use Visa Rob you you may know a"}, {"start": "00:04:26", "end": "00:04:29", "text": "lot more about this than I do but I mean"}, {"start": "00:04:28", "end": "00:04:32", "text": "I think it"}, {"start": "00:04:29", "end": "00:04:33", "text": "So, I'll I'll I'll I'll defer to you on"}, {"start": "00:04:32", "end": "00:04:35", "text": "on on what it actually is, but I I mean,"}, {"start": "00:04:33", "end": "00:04:37", "text": "I think it's very interesting that this"}, {"start": "00:04:35", "end": "00:04:40", "text": "seems to be the direction that they're"}, {"start": "00:04:37", "end": "00:04:42", "text": "going. And I would imagine that if it's"}, {"start": "00:04:40", "end": "00:04:44", "text": "a success, then we'll probably see some"}, {"start": "00:04:42", "end": "00:04:47", "text": "of X's rivals, you know, other social"}, {"start": "00:04:44", "end": "00:04:50", "text": "media platforms or big, you know, apps"}, {"start": "00:04:47", "end": "00:04:54", "text": "or whatever try to incorporate um"}, {"start": "00:04:50", "end": "00:04:54", "text": "similar things, I guess."}, {"start": "00:04:54", "end": "00:04:58", "text": ">> Yeah. Rob, what do you think? think I"}, {"start": "00:04:56", "end": "00:04:59", "text": "mean is it have you have you looked more"}, {"start": "00:04:58", "end": "00:05:02", "text": "into it? I haven't looked into it at"}, {"start": "00:04:59", "end": "00:05:05", "text": "all. I saw the tweet that that that he"}, {"start": "00:05:02", "end": "00:05:08", "text": "said um and and then I kind of just"}, {"start": "00:05:05", "end": "00:05:11", "text": "tuned out."}, {"start": "00:05:08", "end": "00:05:13", "text": "You you weren't wrong because when I"}, {"start": "00:05:11", "end": "00:05:15", "text": "when I first saw when I first saw the"}, {"start": "00:05:13", "end": "00:05:18", "text": "tweet from Nikita the head of product"}, {"start": "00:05:15", "end": "00:05:20", "text": "who's he's a head of product at X but"}, {"start": "00:05:18", "end": "00:05:21", "text": "he's also an adviser for Salana. I'm"}, {"start": "00:05:20", "end": "00:05:22", "text": "like, \"Well, great. Well, salon will be"}, {"start": "00:05:21", "end": "00:05:25", "text": "the rails and I got a big fat bag of"}, {"start": "00:05:22", "end": "00:05:29", "text": "that and uh I'm pretty happy.\" But when"}, {"start": "00:05:25", "end": "00:05:31", "text": "they rolled it out, it was this thing"}, {"start": "00:05:29", "end": "00:05:32", "text": "called cash tags and everybody was like,"}, {"start": "00:05:31", "end": "00:05:35", "text": "\"Oh, it's the greatest thing of all"}, {"start": "00:05:32", "end": "00:05:36", "text": "time.\" And I'm like, \"Am I in a another"}, {"start": "00:05:35", "end": "00:05:38", "text": "universe? What What are we talking about"}, {"start": "00:05:36", "end": "00:05:39", "text": "here? It's cash tags. Who cares? It's"}, {"start": "00:05:38", "end": "00:05:42", "text": "been here for over a couple of years"}, {"start": "00:05:39", "end": "00:05:44", "text": "now.\" And all the hashtags were is you"}, {"start": "00:05:42", "end": "00:05:47", "text": "put like a money sign and you could put"}, {"start": "00:05:44", "end": "00:05:49", "text": "Nvidia and you could take and see like a"}, {"start": "00:05:47", "end": "00:05:51", "text": "chart for Nvidia and then all the"}, {"start": "00:05:49", "end": "00:05:53", "text": "different posts that were going on with"}, {"start": "00:05:51", "end": "00:05:56", "text": "Nvidia. Then you could do a money sign"}, {"start": "00:05:53", "end": "00:05:57", "text": "and Bitcoin and you can get a a graph or"}, {"start": "00:05:56", "end": "00:05:59", "text": "a chart and go through all the things"}, {"start": "00:05:57", "end": "00:06:01", "text": "that were going with with Bitcoin. I'm"}, {"start": "00:05:59", "end": "00:06:02", "text": "like who the hell cares? It doesn't make"}, {"start": "00:06:01", "end": "00:06:04", "text": "any sense. And of course I posted that"}, {"start": "00:06:02", "end": "00:06:06", "text": "and I go this is a big nothing burger."}, {"start": "00:06:04", "end": "00:06:07", "text": "And I was, of course, called a"}, {"start": "00:06:06", "end": "00:06:08", "text": "because I don't know what I'm talking"}, {"start": "00:06:07", "end": "00:06:11", "text": "about. And everybody was telling me,"}, {"start": "00:06:08", "end": "00:06:13", "text": "\"What an idiot.\" I'm like, \"Okay, well,"}, {"start": "00:06:11", "end": "00:06:17", "text": "maybe it's awesome.\" And I kept looking"}, {"start": "00:06:13", "end": "00:06:19", "text": "at it. It's not. However, there is this"}, {"start": "00:06:17", "end": "00:06:21", "text": "part that was pretty good. Van, can you"}, {"start": "00:06:19", "end": "00:06:22", "text": "throw throw this this screen up? Just"}, {"start": "00:06:21", "end": "00:06:24", "text": "like what guy talked about, this is what"}, {"start": "00:06:22", "end": "00:06:26", "text": "WeChat is. If people don't know what"}, {"start": "00:06:24", "end": "00:06:28", "text": "this is, this is the Chinese super app."}, {"start": "00:06:26", "end": "00:06:30", "text": "And when you take a look at like, who"}, {"start": "00:06:28", "end": "00:06:33", "text": "cares about this? It's because like guy"}, {"start": "00:06:30", "end": "00:06:35", "text": "said the idea is to keep you within the"}, {"start": "00:06:33", "end": "00:06:37", "text": "app as much as possible. So we have apps"}, {"start": "00:06:35", "end": "00:06:39", "text": "for finance. We have apps for ride"}, {"start": "00:06:37", "end": "00:06:41", "text": "share. We have apps to pay our bills and"}, {"start": "00:06:39", "end": "00:06:43", "text": "so on and so forth, right? Well, in"}, {"start": "00:06:41", "end": "00:06:45", "text": "China, they just rolled all into one big"}, {"start": "00:06:43", "end": "00:06:47", "text": "massive super app and you can just do"}, {"start": "00:06:45", "end": "00:06:49", "text": "you can do payments right here. You can"}, {"start": "00:06:47", "end": "00:06:51", "text": "do, you know, pay for your for your"}, {"start": "00:06:49", "end": "00:06:53", "text": "utilities. You can also schedule your"}, {"start": "00:06:51", "end": "00:06:54", "text": "doctor's appointment. You can actually,"}, {"start": "00:06:53", "end": "00:06:57", "text": "you know, call up Uber, whatever they"}, {"start": "00:06:54", "end": "00:06:59", "text": "have in China that that is Uber. you can"}, {"start": "00:06:57", "end": "00:07:02", "text": "create"}, {"start": "00:06:59", "end": "00:07:04", "text": "for your uh uh travel hotels, all this"}, {"start": "00:07:02", "end": "00:07:08", "text": "everything is there for you, right? So,"}, {"start": "00:07:04", "end": "00:07:10", "text": "wouldn't that be cool if Elon could do"}, {"start": "00:07:08", "end": "00:07:12", "text": "that and he's doing it? And when I"}, {"start": "00:07:10", "end": "00:07:15", "text": "first, again, like when I first saw"}, {"start": "00:07:12", "end": "00:07:17", "text": "this, this is essentially the video,"}, {"start": "00:07:15", "end": "00:07:19", "text": "which is how this is, you know, you just"}, {"start": "00:07:17", "end": "00:07:21", "text": "go into and and it's only available on"}, {"start": "00:07:19", "end": "00:07:25", "text": "the app. You can't do this on desktop."}, {"start": "00:07:21", "end": "00:07:27", "text": "You type in money sign Bitcoin and then"}, {"start": "00:07:25", "end": "00:07:29", "text": "again like a chart will come up which"}, {"start": "00:07:27", "end": "00:07:32", "text": "everybody's like who cares? I've already"}, {"start": "00:07:29", "end": "00:07:34", "text": "got a bunch of charts. But I think what"}, {"start": "00:07:32", "end": "00:07:36", "text": "the bigger thing is is that this is just"}, {"start": "00:07:34", "end": "00:07:39", "text": "the first inning. This is just the first"}, {"start": "00:07:36", "end": "00:07:41", "text": "iteration of what they want to do if you"}, {"start": "00:07:39", "end": "00:07:44", "text": "go down that path of what they could do."}, {"start": "00:07:41", "end": "00:07:46", "text": "And I will just preface it with this."}, {"start": "00:07:44", "end": "00:07:48", "text": "There's a big divide between what's"}, {"start": "00:07:46", "end": "00:07:50", "text": "going to happen today with what's going"}, {"start": "00:07:48", "end": "00:07:53", "text": "to happen in six months, 12 months,"}, {"start": "00:07:50", "end": "00:07:55", "text": "1824. So all this stuff could get"}, {"start": "00:07:53", "end": "00:07:58", "text": "derailed, right? There's a reason why"}, {"start": "00:07:55", "end": "00:08:00", "text": "Elon Musk and everybody that work with X"}, {"start": "00:07:58", "end": "00:08:02", "text": "to get a money transmitter license in"}, {"start": "00:08:00", "end": "00:08:04", "text": "every single state in the United States."}, {"start": "00:08:02", "end": "00:08:07", "text": "It's because they want to do what was"}, {"start": "00:08:04", "end": "00:08:08", "text": "called X payments is now called X money."}, {"start": "00:08:07", "end": "00:08:11", "text": "And what they want to do with that is"}, {"start": "00:08:08", "end": "00:08:13", "text": "say, \"Okay, look, we want to get you out"}, {"start": "00:08:11", "end": "00:08:16", "text": "of the banks. We're going to give you a"}, {"start": "00:08:13", "end": "00:08:18", "text": "6% APY. That's pretty good. First of"}, {"start": "00:08:16", "end": "00:08:20", "text": "all, where's that yield coming from? I"}, {"start": "00:08:18", "end": "00:08:22", "text": "don't know, but it sounds awesome. Debit"}, {"start": "00:08:20", "end": "00:08:24", "text": "card with 3% cash back, peer-to-peer"}, {"start": "00:08:22", "end": "00:08:27", "text": "payments, direct deposit, and also their"}, {"start": "00:08:24", "end": "00:08:29", "text": "FDIC insured through Crossover Bank,"}, {"start": "00:08:27", "end": "00:08:31", "text": "which is same as Coinbase and Stripe."}, {"start": "00:08:29", "end": "00:08:34", "text": "And then for Canadians right now, you"}, {"start": "00:08:31", "end": "00:08:36", "text": "can use it for Wealth Simple, which is"}, {"start": "00:08:34", "end": "00:08:39", "text": "some brokerage and a bank. And you can"}, {"start": "00:08:36", "end": "00:08:41", "text": "actually trade stocks, which will be"}, {"start": "00:08:39", "end": "00:08:43", "text": "tokenized, I think, at some point. and"}, {"start": "00:08:41", "end": "00:08:46", "text": "you can trade crypto and you can use the"}, {"start": "00:08:43", "end": "00:08:47", "text": "banking service. So if you take a look"}, {"start": "00:08:46", "end": "00:08:49", "text": "at the whole thing of X money, what it"}, {"start": "00:08:47", "end": "00:08:51", "text": "wants to do, it's pretty awesome. If"}, {"start": "00:08:49", "end": "00:08:53", "text": "you're talking about tokenization of"}, {"start": "00:08:51", "end": "00:08:55", "text": "real world assets, which rails you going"}, {"start": "00:08:53", "end": "00:08:56", "text": "to put it on? I don't know. Take a look"}, {"start": "00:08:55", "end": "00:08:58", "text": "at the guy who's the head of product."}, {"start": "00:08:56", "end": "00:09:00", "text": "Maybe he's got a back door for somebody"}, {"start": "00:08:58", "end": "00:09:02", "text": "who he's an adviser for. And if you"}, {"start": "00:09:00", "end": "00:09:07", "text": "could do something like that, you could"}, {"start": "00:09:02", "end": "00:09:09", "text": "trade 24/7 365 for stocks, metals,"}, {"start": "00:09:07", "end": "00:09:10", "text": "treasuries, everything that you want to"}, {"start": "00:09:09", "end": "00:09:12", "text": "do. And you could have it within the"}, {"start": "00:09:10", "end": "00:09:15", "text": "app. Oh, also one more thing would be"}, {"start": "00:09:12", "end": "00:09:16", "text": "great is that if you got an app where"}, {"start": "00:09:15", "end": "00:09:19", "text": "you're paying your bills and it's like,"}, {"start": "00:09:16", "end": "00:09:22", "text": "\"Hey, Rob, uh, we noticed that you"}, {"start": "00:09:19", "end": "00:09:25", "text": "you're paying 125 bucks for fiber optico"}, {"start": "00:09:22", "end": "00:09:27", "text": "in Puerto Rico. We can just give you"}, {"start": "00:09:25", "end": "00:09:30", "text": "Starlink for 65 if you want.\" That"}, {"start": "00:09:27", "end": "00:09:32", "text": "sounds pretty good. Hey Rob, we see that"}, {"start": "00:09:30", "end": "00:09:35", "text": "you signed up for Uber and that's uh"}, {"start": "00:09:32", "end": "00:09:37", "text": "going to give you for $35 for a couple"}, {"start": "00:09:35", "end": "00:09:40", "text": "miles. I could send a I don't know like"}, {"start": "00:09:37", "end": "00:09:42", "text": "a Tesla robo taxi for four bucks. You"}, {"start": "00:09:40", "end": "00:09:43", "text": "want to do that? Damn it. And that would"}, {"start": "00:09:42", "end": "00:09:45", "text": "be it. And before you know it, you got"}, {"start": "00:09:43", "end": "00:09:47", "text": "everything in there. Now again, people"}, {"start": "00:09:45", "end": "00:09:49", "text": "will say this is the greatest thing of"}, {"start": "00:09:47", "end": "00:09:51", "text": "all time. Alls I'm saying is that this"}, {"start": "00:09:49", "end": "00:09:53", "text": "is what could happen and that's why it"}, {"start": "00:09:51", "end": "00:09:55", "text": "could be big and it could be a super"}, {"start": "00:09:53", "end": "00:09:59", "text": "app. But again, there's a big long way"}, {"start": "00:09:55", "end": "00:10:01", "text": "between today and two years from here."}, {"start": "00:09:59", "end": "00:10:04", "text": ">> It's it's really interesting, isn't it?"}, {"start": "00:10:01", "end": "00:10:05", "text": "I I wonder why because I remember um I"}, {"start": "00:10:04", "end": "00:10:07", "text": "remember thinking about this a while ago"}, {"start": "00:10:05", "end": "00:10:08", "text": "because yeah, as you said, Rob, I think"}, {"start": "00:10:07", "end": "00:10:11", "text": "they've been talking about doing"}, {"start": "00:10:08", "end": "00:10:14", "text": "something like this for a while. X has"}, {"start": "00:10:11", "end": "00:10:16", "text": "um and Elon Musk has. But I was I I was"}, {"start": "00:10:14", "end": "00:10:18", "text": "trying to remember why exactly these"}, {"start": "00:10:16", "end": "00:10:21", "text": "sort of super apps haven't really taken"}, {"start": "00:10:18", "end": "00:10:24", "text": "off in places like the US and the UK"}, {"start": "00:10:21", "end": "00:10:25", "text": "because actually where I am in um the"}, {"start": "00:10:24", "end": "00:10:28", "text": "UAE"}, {"start": "00:10:25", "end": "00:10:30", "text": "um they have uh something called Kareem"}, {"start": "00:10:28", "end": "00:10:32", "text": "which is a kind of super app and you can"}, {"start": "00:10:30", "end": "00:10:34", "text": "do like quite a lot of the things that"}, {"start": "00:10:32", "end": "00:10:38", "text": "you were talking there like you can you"}, {"start": "00:10:34", "end": "00:10:40", "text": "know it's it's uh ride hailing um you"}, {"start": "00:10:38", "end": "00:10:42", "text": "can do you can do things like order"}, {"start": "00:10:40", "end": "00:10:45", "text": "groceries uh order a cleaner"}, {"start": "00:10:42", "end": "00:10:47", "text": "Um, at one point I'm pretty sure uh you"}, {"start": "00:10:45", "end": "00:10:50", "text": "were able to buy gold on it. Um, which"}, {"start": "00:10:47", "end": "00:10:52", "text": "is pretty crazy. It now does it now also"}, {"start": "00:10:50", "end": "00:10:55", "text": "has financial services and things like"}, {"start": "00:10:52", "end": "00:10:58", "text": "that, car rental, um, all this sort of"}, {"start": "00:10:55", "end": "00:11:01", "text": "thing. And and then I was in um I was in"}, {"start": "00:10:58", "end": "00:11:04", "text": "Sri Lanka last year, early last year,"}, {"start": "00:11:01", "end": "00:11:06", "text": "and I noticed that they had a similar"}, {"start": "00:11:04", "end": "00:11:09", "text": "thing. It was like a a site um almost"}, {"start": "00:11:06", "end": "00:11:11", "text": "like a almost like a white label version"}, {"start": "00:11:09", "end": "00:11:13", "text": "of this Kareem. I think it was called"}, {"start": "00:11:11", "end": "00:11:15", "text": "Grab or something. But again, very"}, {"start": "00:11:13", "end": "00:11:17", "text": "similar like you know this one app that"}, {"start": "00:11:15", "end": "00:11:19", "text": "you could do a whole load of stuff from."}, {"start": "00:11:17", "end": "00:11:21", "text": "And I remember thinking it's like it's"}, {"start": "00:11:19", "end": "00:11:23", "text": "weird that that hasn't caught because"}, {"start": "00:11:21", "end": "00:11:26", "text": "that's really useful. I mean you know in"}, {"start": "00:11:23", "end": "00:11:28", "text": "Dubai I use Kareem a lot. Um I should"}, {"start": "00:11:26", "end": "00:11:29", "text": "have I should have got to deal with them"}, {"start": "00:11:28", "end": "00:11:32", "text": "because I've been shilling them pretty"}, {"start": "00:11:29", "end": "00:11:36", "text": "hard over the last like it you know it"}, {"start": "00:11:32", "end": "00:11:38", "text": "is genuinely pretty useful. Um, and um,"}, {"start": "00:11:36", "end": "00:11:40", "text": "but it's it's quite strange because"}, {"start": "00:11:38", "end": "00:11:41", "text": "yeah, as we said, like in China and and"}, {"start": "00:11:40", "end": "00:11:43", "text": "what you pointed out with that um, uh,"}, {"start": "00:11:41", "end": "00:11:45", "text": "with that screenshot there of WeChat,"}, {"start": "00:11:43", "end": "00:11:48", "text": "you know, there's there's tons of stuff"}, {"start": "00:11:45", "end": "00:11:50", "text": "you can do, but we seem to prefer just"}, {"start": "00:11:48", "end": "00:11:52", "text": "using a whole load of different ones."}, {"start": "00:11:50", "end": "00:11:54", "text": "You know, Uber for Uber for ride hailing"}, {"start": "00:11:52", "end": "00:11:55", "text": "and then there'll be another one for"}, {"start": "00:11:54", "end": "00:11:57", "text": "ordering groceries and there'll be"}, {"start": "00:11:55", "end": "00:11:59", "text": "another one for takeaways and there'll"}, {"start": "00:11:57", "end": "00:12:01", "text": "be another one for, you know, any sort"}, {"start": "00:11:59", "end": "00:12:03", "text": "of money stuff and then another one a"}, {"start": "00:12:01", "end": "00:12:06", "text": "completely separate one for messaging."}, {"start": "00:12:03", "end": "00:12:08", "text": "So yeah, I mean I guess I guess if they"}, {"start": "00:12:06", "end": "00:12:09", "text": "can get if they can get it right, it's"}, {"start": "00:12:08", "end": "00:12:13", "text": "potentially very big."}, {"start": "00:12:09", "end": "00:12:14", "text": ">> I think it comes down to like for in in"}, {"start": "00:12:13", "end": "00:12:16", "text": "the UAE, what are the rules and"}, {"start": "00:12:14", "end": "00:12:18", "text": "regulations like? Is it very difficult"}, {"start": "00:12:16", "end": "00:12:22", "text": "to start a business and do things or is"}, {"start": "00:12:18", "end": "00:12:23", "text": "it like just paperwork and tons of red"}, {"start": "00:12:22", "end": "00:12:25", "text": "tape?"}, {"start": "00:12:23", "end": "00:12:28", "text": ">> I think I mean it's fairly easy to start"}, {"start": "00:12:25", "end": "00:12:30", "text": "a business. Um, yeah, I mean it's it's I"}, {"start": "00:12:28", "end": "00:12:32", "text": "yeah, I think they that that's been one"}, {"start": "00:12:30", "end": "00:12:33", "text": "of the that's been one of their the"}, {"start": "00:12:32", "end": "00:12:35", "text": "things that they've sort of focused on a"}, {"start": "00:12:33", "end": "00:12:38", "text": "lot, you know, to to make it easy to"}, {"start": "00:12:35", "end": "00:12:41", "text": "start a business. Um, but I think, you"}, {"start": "00:12:38", "end": "00:12:44", "text": "know, I Yeah, I guess it must be a lot"}, {"start": "00:12:41", "end": "00:12:45", "text": "of it must come down to regulation. Um,"}, {"start": "00:12:44", "end": "00:12:46", "text": "you know, what you can what you can and"}, {"start": "00:12:45", "end": "00:12:47", "text": "can't do."}, {"start": "00:12:46", "end": "00:12:49", "text": ">> Yeah, because look at China. China's"}, {"start": "00:12:47", "end": "00:12:50", "text": "like, we're going to do this because"}, {"start": "00:12:49", "end": "00:12:52", "text": "that's how we do things and we're just"}, {"start": "00:12:50", "end": "00:12:55", "text": "going to make it happen. Then it has"}, {"start": "00:12:52", "end": "00:12:56", "text": "happened. UAE probably. I'm gonna I'm"}, {"start": "00:12:55", "end": "00:13:00", "text": "gonna guess maybe there's not a super"}, {"start": "00:12:56", "end": "00:13:01", "text": "app in uh in Europe in the EU because"}, {"start": "00:13:00", "end": "00:13:03", "text": "rules and regulations are very"}, {"start": "00:13:01", "end": "00:13:06", "text": "difficult. I'm guessing maybe someone"}, {"start": "00:13:03", "end": "00:13:07", "text": "can tell me I'm wrong. But like in the"}, {"start": "00:13:06", "end": "00:13:09", "text": "United States, rules and regulations"}, {"start": "00:13:07", "end": "00:13:10", "text": "aren't it's not so much of a thing until"}, {"start": "00:13:09", "end": "00:13:12", "text": "you run into a banking. Then all of a"}, {"start": "00:13:10", "end": "00:13:14", "text": "sudden it becomes like the the the most"}, {"start": "00:13:12", "end": "00:13:15", "text": "biggest pain in the A of all time and"}, {"start": "00:13:14", "end": "00:13:16", "text": "that's why it took so long to do these"}, {"start": "00:13:15", "end": "00:13:19", "text": "things."}, {"start": "00:13:16", "end": "00:13:21", "text": ">> Yeah, I would imagine banking is bank"}, {"start": "00:13:19", "end": "00:13:23", "text": "licensing, you know, these money"}, {"start": "00:13:21", "end": "00:13:25", "text": "transmitter licenses and things like"}, {"start": "00:13:23", "end": "00:13:27", "text": "that. I imagine that is the big"}, {"start": "00:13:25", "end": "00:13:29", "text": "stumbling block for a lot of these"}, {"start": "00:13:27", "end": "00:13:31", "text": "things. I mean, yeah, the the Kareem one"}, {"start": "00:13:29", "end": "00:13:34", "text": "like Yeah, it's not I don't use it for"}, {"start": "00:13:31", "end": "00:13:37", "text": "banking, but I could if I so wanted to."}, {"start": "00:13:34", "end": "00:13:39", "text": "I mean, I could send money back to the"}, {"start": "00:13:37", "end": "00:13:42", "text": "UK if I so wanted to using it. I'm not"}, {"start": "00:13:39", "end": "00:13:43", "text": "quite sure what the rates are like, but"}, {"start": "00:13:42", "end": "00:13:46", "text": ">> but I I'll tell you the last thing I'll"}, {"start": "00:13:43", "end": "00:13:49", "text": "say is I I learned my lesson on Voyager"}, {"start": "00:13:46", "end": "00:13:50", "text": "and Celsius, BlockFi, and FTX. I'm not"}, {"start": "00:13:49", "end": "00:13:52", "text": "going to switch over to this, even"}, {"start": "00:13:50", "end": "00:13:54", "text": "though it sounds awesome. Everybody be"}, {"start": "00:13:52", "end": "00:13:56", "text": "careful because again like where's that"}, {"start": "00:13:54", "end": "00:13:58", "text": "yield coming from? And oh yeah, if you"}, {"start": "00:13:56", "end": "00:13:59", "text": "get banned from X for something, how"}, {"start": "00:13:58", "end": "00:13:59", "text": "does that work with your bank? Good"}, {"start": "00:13:59", "end": "00:14:03", "text": "luck."}, {"start": "00:13:59", "end": "00:14:04", "text": ">> Yeah, good point. Good point. Yeah."}, {"start": "00:14:03", "end": "00:14:06", "text": ">> Yeah."}, {"start": "00:14:04", "end": "00:14:09", "text": ">> Well, I mean, I feel like I've learned"}, {"start": "00:14:06", "end": "00:14:11", "text": "about something. Um and in an attempt to"}, {"start": "00:14:09", "end": "00:14:13", "text": "learn about something else, what's the"}, {"start": "00:14:11", "end": "00:14:15", "text": "latest update with the Clarity Act, Rob?"}, {"start": "00:14:13", "end": "00:14:19", "text": ">> Uh it's not going to pass. Anyhow, back"}, {"start": "00:14:15", "end": "00:14:21", "text": "to you, guy. I I don't know. CL clarity"}, {"start": "00:14:19", "end": "00:14:23", "text": "act sounds it it sounds awesome but I"}, {"start": "00:14:21", "end": "00:14:25", "text": "mean the guy had a good post yesterday"}, {"start": "00:14:23", "end": "00:14:27", "text": "on coin bureau about what about uh"}, {"start": "00:14:25", "end": "00:14:28", "text": "markups and it looks like that's going"}, {"start": "00:14:27", "end": "00:14:31", "text": "to go with the Senate Banking Committee"}, {"start": "00:14:28", "end": "00:14:33", "text": "next week and if if there's any markups"}, {"start": "00:14:31", "end": "00:14:34", "text": "meaning there's any changes then it's"}, {"start": "00:14:33", "end": "00:14:36", "text": "pretty much going to be dead because"}, {"start": "00:14:34", "end": "00:14:38", "text": "alls we need is just one denter and I"}, {"start": "00:14:36", "end": "00:14:41", "text": "don't see why the Democrats would give"}, {"start": "00:14:38", "end": "00:14:43", "text": "the Republicans a win here especially in"}, {"start": "00:14:41", "end": "00:14:45", "text": "the midterm years but I mean hopefully"}, {"start": "00:14:43", "end": "00:14:47", "text": "it goes through but guys got probably"}, {"start": "00:14:45", "end": "00:14:49", "text": "more information than"}, {"start": "00:14:47", "end": "00:14:52", "text": "Ben, can you share my screen? I think"}, {"start": "00:14:49", "end": "00:14:55", "text": "we've got I think that's our tweet from"}, {"start": "00:14:52", "end": "00:14:59", "text": "yesterday. Um, so yeah, it's it's it's"}, {"start": "00:14:55", "end": "00:15:01", "text": "not on the schedule for next week. Um,"}, {"start": "00:14:59", "end": "00:15:03", "text": "and yeah, I mean there is a real sense"}, {"start": "00:15:01", "end": "00:15:05", "text": "that time is running out, I think. Um,"}, {"start": "00:15:03", "end": "00:15:06", "text": "yeah, because the banks the banks"}, {"start": "00:15:05", "end": "00:15:08", "text": "obviously hate it. I think we've talked"}, {"start": "00:15:06", "end": "00:15:11", "text": "about this before. The banks don't like"}, {"start": "00:15:08", "end": "00:15:13", "text": "it because they're they um are not fans"}, {"start": "00:15:11", "end": "00:15:15", "text": "of the stable coin yield thing. So that"}, {"start": "00:15:13", "end": "00:15:21", "text": "caused a big split between them and"}, {"start": "00:15:15", "end": "00:15:23", "text": "Coinbase. Um, and yeah, I just Coinbase"}, {"start": "00:15:21", "end": "00:15:25", "text": "I think is now on board. Um, I think"}, {"start": "00:15:23", "end": "00:15:28", "text": "Brian Armstrong was sort of tweeting"}, {"start": "00:15:25", "end": "00:15:30", "text": "favorably about it recently, but yeah, I"}, {"start": "00:15:28", "end": "00:15:33", "text": "mean I think very soon the midterm cycle"}, {"start": "00:15:30", "end": "00:15:36", "text": "is going to start up. Um, and as Rob"}, {"start": "00:15:33", "end": "00:15:39", "text": "says, I don't know I don't know why uh"}, {"start": "00:15:36", "end": "00:15:42", "text": "now that now that crypto has once again"}, {"start": "00:15:39", "end": "00:15:44", "text": "become a really partisan issue. um"}, {"start": "00:15:42", "end": "00:15:47", "text": "because of its associations with a"}, {"start": "00:15:44", "end": "00:15:50", "text": "certain family. Um I don't see why I"}, {"start": "00:15:47", "end": "00:15:53", "text": "don't see why the Democrats will be at"}, {"start": "00:15:50", "end": "00:15:55", "text": "all interested in passing it. Um so"}, {"start": "00:15:53", "end": "00:15:59", "text": "yeah, and my my guess is time is running"}, {"start": "00:15:55", "end": "00:16:00", "text": "out and it's probably NGMI as we say in"}, {"start": "00:15:59", "end": "00:16:02", "text": "crypto."}, {"start": "00:16:00", "end": "00:16:06", "text": ">> Yeah, true."}, {"start": "00:16:02", "end": "00:16:09", "text": "So I sort of pivoting I I'm curious what"}, {"start": "00:16:06", "end": "00:16:13", "text": "are you guys thoughts on like monetary"}, {"start": "00:16:09", "end": "00:16:14", "text": "policy rate cuts inflation caused by"}, {"start": "00:16:13", "end": "00:16:17", "text": "some of this geopolitical I mean none of"}, {"start": "00:16:14", "end": "00:16:21", "text": "us are geopolitical experts at least I'm"}, {"start": "00:16:17", "end": "00:16:23", "text": "not. Um but I I mean there has been"}, {"start": "00:16:21", "end": "00:16:25", "text": "obviously rising energy prices recently."}, {"start": "00:16:23", "end": "00:16:29", "text": "We've seen other things like rising food"}, {"start": "00:16:25", "end": "00:16:31", "text": "prices. Um where do you think this fits"}, {"start": "00:16:29", "end": "00:16:33", "text": "in guy? I mean, do you think we're going"}, {"start": "00:16:31", "end": "00:16:35", "text": "to have any more rate cuts this year in"}, {"start": "00:16:33", "end": "00:16:37", "text": "in from the Fed? Um, do you think this"}, {"start": "00:16:35", "end": "00:16:39", "text": "is going to affect the ability of"}, {"start": "00:16:37", "end": "00:16:40", "text": "central banks to cut rates? What are"}, {"start": "00:16:39", "end": "00:16:43", "text": "your thoughts?"}, {"start": "00:16:40", "end": "00:16:46", "text": ">> Yeah, I mean, I think that the the um"}, {"start": "00:16:43", "end": "00:16:47", "text": "the senses that inflation is going is is"}, {"start": "00:16:46", "end": "00:16:50", "text": "only going in one direction. Although,"}, {"start": "00:16:47", "end": "00:16:52", "text": "it is interesting. Um, if you can uh"}, {"start": "00:16:50", "end": "00:16:54", "text": "share my share my screen again, there's"}, {"start": "00:16:52", "end": "00:16:56", "text": "there's another tweet that we put out uh"}, {"start": "00:16:54", "end": "00:16:58", "text": "recently. Inflation expectations. This"}, {"start": "00:16:56", "end": "00:17:01", "text": "is in the US, I think."}, {"start": "00:16:58", "end": "00:17:03", "text": "um uh have actually dropped quite a lot"}, {"start": "00:17:01", "end": "00:17:06", "text": "and you know expectations are a big part"}, {"start": "00:17:03", "end": "00:17:08", "text": "of of of where inflation ends up. So"}, {"start": "00:17:06", "end": "00:17:11", "text": "that is that is consequential. But I"}, {"start": "00:17:08", "end": "00:17:13", "text": "mean I think in terms of um what's"}, {"start": "00:17:11", "end": "00:17:16", "text": "happening now in the Middle East, you"}, {"start": "00:17:13", "end": "00:17:19", "text": "know, from all the everything that I've"}, {"start": "00:17:16", "end": "00:17:21", "text": "looked at regarding this is that this"}, {"start": "00:17:19", "end": "00:17:23", "text": "there's there's a there's a a big old"}, {"start": "00:17:21", "end": "00:17:26", "text": "lag. So even though you know there's"}, {"start": "00:17:23", "end": "00:17:28", "text": "even if the straight were to open"}, {"start": "00:17:26", "end": "00:17:30", "text": "tomorrow and everyone was to everyone"}, {"start": "00:17:28", "end": "00:17:32", "text": "was to shake hands and be friends you"}, {"start": "00:17:30", "end": "00:17:34", "text": "know I think this is something that the"}, {"start": "00:17:32", "end": "00:17:37", "text": "disruption is now baked in and I feel"}, {"start": "00:17:34", "end": "00:17:39", "text": "that in terms of supply chain"}, {"start": "00:17:37", "end": "00:17:42", "text": "disruptions and inflation and all that"}, {"start": "00:17:39", "end": "00:17:44", "text": "probably the worst is yet to come. Um we"}, {"start": "00:17:42", "end": "00:17:47", "text": "saw the CPI I think ticked up. I think"}, {"start": "00:17:44", "end": "00:17:49", "text": "the PPI ticked up as well. Um so even"}, {"start": "00:17:47", "end": "00:17:52", "text": "though those expectations are down, I"}, {"start": "00:17:49", "end": "00:17:55", "text": "think um inflation is probably is"}, {"start": "00:17:52", "end": "00:17:57", "text": "probably going to rise. And so if you're"}, {"start": "00:17:55", "end": "00:18:00", "text": "a central bank,"}, {"start": "00:17:57", "end": "00:18:02", "text": "um you know, why would you why would you"}, {"start": "00:18:00", "end": "00:18:05", "text": "cut? I mean, I think the I think the the"}, {"start": "00:18:02", "end": "00:18:06", "text": "only um the the pressure to cut is"}, {"start": "00:18:05", "end": "00:18:09", "text": "obviously coming from the Trump"}, {"start": "00:18:06", "end": "00:18:12", "text": "administration. Um but uh Jerome Powell"}, {"start": "00:18:09", "end": "00:18:14", "text": "is is fairly determined. I think the um"}, {"start": "00:18:12", "end": "00:18:16", "text": "I think the Fed governors as a whole, if"}, {"start": "00:18:14", "end": "00:18:17", "text": "I remember rightly from the last"}, {"start": "00:18:16", "end": "00:18:21", "text": "minutes, I think there was only one"}, {"start": "00:18:17", "end": "00:18:24", "text": "dissension um from the uh uh from the"}, {"start": "00:18:21", "end": "00:18:28", "text": "decision to hold rates where they were."}, {"start": "00:18:24", "end": "00:18:30", "text": "So, and I think now there's one cut."}, {"start": "00:18:28", "end": "00:18:33", "text": "There's a chance of one cut this year."}, {"start": "00:18:30", "end": "00:18:36", "text": "Um I yeah, I just don't see it. I think"}, {"start": "00:18:33", "end": "00:18:38", "text": "I think if anything maybe we might have"}, {"start": "00:18:36", "end": "00:18:41", "text": "to think about rates going back up again"}, {"start": "00:18:38", "end": "00:18:43", "text": "um if if inflation gets noticeably worse"}, {"start": "00:18:41", "end": "00:18:46", "text": "because as we've as we've said many"}, {"start": "00:18:43", "end": "00:18:49", "text": "times before like you know uh interest"}, {"start": "00:18:46", "end": "00:18:51", "text": "rates can really suppress the economy."}, {"start": "00:18:49", "end": "00:18:54", "text": "They're not good high interest rates are"}, {"start": "00:18:51", "end": "00:18:57", "text": "generally not good for growth but"}, {"start": "00:18:54", "end": "00:18:59", "text": "inflation is way way worse and inflation"}, {"start": "00:18:57", "end": "00:19:02", "text": "will really you know will really kill"}, {"start": "00:18:59", "end": "00:19:04", "text": "you um over the long term. So, I guess"}, {"start": "00:19:02", "end": "00:19:07", "text": "that's the uh that's the priority. So,"}, {"start": "00:19:04", "end": "00:19:09", "text": "yeah, I don't I I I'm not um holding my"}, {"start": "00:19:07", "end": "00:19:11", "text": "breath for any rate cuts. And if"}, {"start": "00:19:09", "end": "00:19:13", "text": "anything, yeah, maybe maybe we might see"}, {"start": "00:19:11", "end": "00:19:16", "text": "them tick up. I I think I think Powell"}, {"start": "00:19:13", "end": "00:19:18", "text": "would probably get some fairly perverse"}, {"start": "00:19:16", "end": "00:19:20", "text": "pleasure from that given uh given all"}, {"start": "00:19:18", "end": "00:19:22", "text": "the think things Trump has said about"}, {"start": "00:19:20", "end": "00:19:24", "text": "him recently."}, {"start": "00:19:22", "end": "00:19:26", "text": "I almost wonder if like the chart's"}, {"start": "00:19:24", "end": "00:19:27", "text": "going up"}, {"start": "00:19:26", "end": "00:19:30", "text": ">> and like in the short term we have this"}, {"start": "00:19:27", "end": "00:19:32", "text": "inflationary spike, it makes it so the"}, {"start": "00:19:30", "end": "00:19:34", "text": "Fed can't cut and then the reason we get"}, {"start": "00:19:32", "end": "00:19:37", "text": "a disinflationary"}, {"start": "00:19:34", "end": "00:19:39", "text": "drop later is because the Fed's too late"}, {"start": "00:19:37", "end": "00:19:42", "text": "and and then you kind of finally get the"}, {"start": "00:19:39", "end": "00:19:44", "text": "unwind. I mean, that's kind of the when"}, {"start": "00:19:42", "end": "00:19:46", "text": "oil prices go down usually, especially"}, {"start": "00:19:44", "end": "00:19:49", "text": "with supply constraints, it's usually"}, {"start": "00:19:46", "end": "00:19:51", "text": "not a you know, there's a reason for it."}, {"start": "00:19:49", "end": "00:19:53", "text": "Rob, what do you think? I mean,"}, {"start": "00:19:51", "end": "00:19:54", "text": "Are you seeing energy prices like what"}, {"start": "00:19:53", "end": "00:19:55", "text": "what are you seeing in your neck of the"}, {"start": "00:19:54", "end": "00:19:57", "text": "woods?"}, {"start": "00:19:55", "end": "00:20:00", "text": ">> No, I just my brother sends send sends"}, {"start": "00:19:57", "end": "00:20:01", "text": "me like uh snapshots of because he he"}, {"start": "00:20:00", "end": "00:20:03", "text": "does a route between Vegas and"}, {"start": "00:20:01", "end": "00:20:06", "text": "California and he's always complaining"}, {"start": "00:20:03", "end": "00:20:09", "text": "about the the cost of gas because he's a"}, {"start": "00:20:06", "end": "00:20:12", "text": "truck driver and it's I mean it's like83"}, {"start": "00:20:09", "end": "00:20:15", "text": "a gallon or something like that. 813 $83"}, {"start": "00:20:12", "end": "00:20:16", "text": "a gallon and he's like every time but"}, {"start": "00:20:15", "end": "00:20:18", "text": "there's but California is because of"}, {"start": "00:20:16", "end": "00:20:21", "text": "taxes and things like that and different"}, {"start": "00:20:18", "end": "00:20:23", "text": "segments. But yeah, I mean, I'll just"}, {"start": "00:20:21", "end": "00:20:25", "text": "defer to guy in this one. I mean, it"}, {"start": "00:20:23", "end": "00:20:29", "text": "makes sense. I don't see how the Fed can"}, {"start": "00:20:25", "end": "00:20:31", "text": "actually cut, especially with inflation,"}, {"start": "00:20:29", "end": "00:20:34", "text": "you know, being so tepid. And we'll see"}, {"start": "00:20:31", "end": "00:20:36", "text": "what happens. But, uh, yeah, I don't I"}, {"start": "00:20:34", "end": "00:20:40", "text": "don't see anything major coming on. I"}, {"start": "00:20:36", "end": "00:20:43", "text": "did see this this this good post today"}, {"start": "00:20:40", "end": "00:20:45", "text": "or and actually in the chats,"}, {"start": "00:20:43", "end": "00:20:47", "text": "I like this one from poverty sucks."}, {"start": "00:20:45", "end": "00:20:50", "text": "Three moonlanding believers trust the"}, {"start": "00:20:47", "end": "00:20:52", "text": "experts. And I gotta tell you, I have"}, {"start": "00:20:50", "end": "00:20:55", "text": "been having a ball uh following Ben's"}, {"start": "00:20:52", "end": "00:20:56", "text": "discussion with the with with people who"}, {"start": "00:20:55", "end": "00:20:58", "text": "who are talking about about the moon"}, {"start": "00:20:56", "end": "00:21:01", "text": "landing. It's very very entertaining."}, {"start": "00:20:58", "end": "00:21:03", "text": "Thank you. Thank you, Ben, for that."}, {"start": "00:21:01", "end": "00:21:05", "text": ">> You know, the the the biggest mistake I"}, {"start": "00:21:03", "end": "00:21:08", "text": "continue to make is arguing with"}, {"start": "00:21:05", "end": "00:21:11", "text": "complete idiots on Twitter."}, {"start": "00:21:08", "end": "00:21:12", "text": "As as the saying goes, you cannot win"}, {"start": "00:21:11", "end": "00:21:14", "text": "and argue with an idiot because they"}, {"start": "00:21:12", "end": "00:21:17", "text": "will bring you down to their level and"}, {"start": "00:21:14", "end": "00:21:19", "text": "beat you with experience."}, {"start": "00:21:17", "end": "00:21:21", "text": ">> Well, let me tell you, man, it is it it"}, {"start": "00:21:19", "end": "00:21:23", "text": "is prime stuff. It is almost as good as"}, {"start": "00:21:21", "end": "00:21:25", "text": "Charles Hoskinson losing his mind"}, {"start": "00:21:23", "end": "00:21:29", "text": "yesterday uh talking about this BIP"}, {"start": "00:21:25", "end": "00:21:31", "text": "proposal. Wow. Good stuff. Good stuff."}, {"start": "00:21:29", "end": "00:21:33", "text": ">> Yeah."}, {"start": "00:21:31", "end": "00:21:34", "text": "Um Ben's like, I don't know about that"}, {"start": "00:21:33", "end": "00:21:36", "text": "one."}, {"start": "00:21:34", "end": "00:21:38", "text": ">> I don't know. I I"}, {"start": "00:21:36", "end": "00:21:39", "text": "you know,"}, {"start": "00:21:38", "end": "00:21:41", "text": "What were these arguments you were"}, {"start": "00:21:39", "end": "00:21:42", "text": "having about moonlandings, Ben?"}, {"start": "00:21:41", "end": "00:21:43", "text": ">> Yeah."}, {"start": "00:21:42", "end": "00:21:46", "text": ">> Oh, there's just a lot of I mean, the"}, {"start": "00:21:43", "end": "00:21:50", "text": "the Artemis 2 uh mission. So, I actually"}, {"start": "00:21:46", "end": "00:21:52", "text": "got to see it launch um like with my own"}, {"start": "00:21:50", "end": "00:21:54", "text": "eyes and my kids saw it, you know, like"}, {"start": "00:21:52", "end": "00:21:55", "text": "I got to see it. So, it's it's really"}, {"start": "00:21:54", "end": "00:21:57", "text": "hilarious when you read these takes"}, {"start": "00:21:55", "end": "00:21:58", "text": "about how like it's all fake and stuff."}, {"start": "00:21:57", "end": "00:22:01", "text": "It's like, oh,"}, {"start": "00:21:58", "end": "00:22:04", "text": ">> I literally watched the rocket go up."}, {"start": "00:22:01", "end": "00:22:07", "text": "Um, and and then there's the the the"}, {"start": "00:22:04", "end": "00:22:09", "text": "people that believe the Earth is flat. I"}, {"start": "00:22:07", "end": "00:22:10", "text": "mean, you know, there's the people that"}, {"start": "00:22:09", "end": "00:22:13", "text": "believe that we didn't that we never"}, {"start": "00:22:10", "end": "00:22:15", "text": "landed on the moon. Um, but there's so"}, {"start": "00:22:13", "end": "00:22:18", "text": "much there's so much evidence that it's"}, {"start": "00:22:15", "end": "00:22:20", "text": "there. And and then I realized like most"}, {"start": "00:22:18", "end": "00:22:23", "text": "of the most of the guys that believe all"}, {"start": "00:22:20", "end": "00:22:26", "text": "that stuff are simultaneously shilling"}, {"start": "00:22:23", "end": "00:22:28", "text": "uh all coins non-stop. And so I thought"}, {"start": "00:22:26", "end": "00:22:30", "text": "I I sort of pointed out like the uh the"}, {"start": "00:22:28", "end": "00:22:33", "text": "hypocrisy how they're like, \"Oh, no. You"}, {"start": "00:22:30", "end": "00:22:34", "text": "can't trust NASA went to the moon, but"}, {"start": "00:22:33", "end": "00:22:36", "text": "you can trust me that I'm going to"}, {"start": "00:22:34", "end": "00:22:37", "text": "shield this altcoin that is going to go"}, {"start": "00:22:36", "end": "00:22:39", "text": "to the moon.\" I'm just like, \"Come on,"}, {"start": "00:22:37", "end": "00:22:42", "text": "guys.\" Like, \"What group do you want to"}, {"start": "00:22:39", "end": "00:22:45", "text": "be a part of?\" And um I don't I'm like I"}, {"start": "00:22:42", "end": "00:22:48", "text": "feel like society is broken in a way"}, {"start": "00:22:45", "end": "00:22:50", "text": "where it it it sort of turned more into"}, {"start": "00:22:48", "end": "00:22:52", "text": "like a popularity contest and like the"}, {"start": "00:22:50", "end": "00:22:54", "text": "the people that are more popular tend to"}, {"start": "00:22:52", "end": "00:22:57", "text": "seem to have opinions that are often"}, {"start": "00:22:54", "end": "00:23:00", "text": "more respected than others that like"}, {"start": "00:22:57", "end": "00:23:02", "text": "actually studied and dedicated their"}, {"start": "00:23:00", "end": "00:23:03", "text": "lives for it. And I just don't get it."}, {"start": "00:23:02", "end": "00:23:05", "text": "Like I'm like how did how did we get"}, {"start": "00:23:03", "end": "00:23:07", "text": "here? I think we know how we got here."}, {"start": "00:23:05", "end": "00:23:09", "text": "Uh I'm not going to say it, but I think"}, {"start": "00:23:07", "end": "00:23:12", "text": "we know how we got here. And I just hope"}, {"start": "00:23:09", "end": "00:23:16", "text": "we eventually go back to how things used"}, {"start": "00:23:12", "end": "00:23:17", "text": "to be. Um, but we'll see. Uh, last"}, {"start": "00:23:16", "end": "00:23:18", "text": "question and then we're going to wrap it"}, {"start": "00:23:17", "end": "00:23:20", "text": "up. We're not going to have this go on"}, {"start": "00:23:18", "end": "00:23:22", "text": "too long because there's not a whole lot"}, {"start": "00:23:20", "end": "00:23:23", "text": "to talk about. Stock market at new"}, {"start": "00:23:22", "end": "00:23:24", "text": "all-time highs."}, {"start": "00:23:23", "end": "00:23:27", "text": ">> Um,"}, {"start": "00:23:24", "end": "00:23:29", "text": ">> guy, what do you think about that?"}, {"start": "00:23:27", "end": "00:23:30", "text": ">> Yeah, this is this is really"}, {"start": "00:23:29", "end": "00:23:33", "text": "interesting. Let me I I've got a link"}, {"start": "00:23:30", "end": "00:23:36", "text": "somewhere here that I want to um that I"}, {"start": "00:23:33", "end": "00:23:39", "text": "want to show you guys because I just I I"}, {"start": "00:23:36", "end": "00:23:42", "text": "have you have you heard of Allirds?"}, {"start": "00:23:39", "end": "00:23:44", "text": ">> Yes. They just they just pivoted to"}, {"start": "00:23:42", "end": "00:23:46", "text": "doing First of all, Allirds was a shoe"}, {"start": "00:23:44", "end": "00:23:48", "text": "company and they pivoted to AI because"}, {"start": "00:23:46", "end": "00:23:50", "text": "they were so down in their business and"}, {"start": "00:23:48", "end": "00:23:52", "text": "they went up like 80% just by saying,"}, {"start": "00:23:50", "end": "00:23:55", "text": "\"Hey, we're going to pivot to AI.\""}, {"start": "00:23:52", "end": "00:23:56", "text": ">> They went they they Yeah. I'd never"}, {"start": "00:23:55", "end": "00:23:59", "text": "heard of Allirds."}, {"start": "00:23:56", "end": "00:24:01", "text": ">> Oh. Wow. I apparently a big yeah"}, {"start": "00:23:59", "end": "00:24:03", "text": "apparently sort of very popular I think"}, {"start": "00:24:01", "end": "00:24:05", "text": "a lot of Silicon Valley people wore"}, {"start": "00:24:03", "end": "00:24:07", "text": "their shoes but yeah they were really"}, {"start": "00:24:05", "end": "00:24:11", "text": "struggling they and and they've pivoted"}, {"start": "00:24:07", "end": "00:24:14", "text": "to AI um let me let me see what uh what"}, {"start": "00:24:11", "end": "00:24:15", "text": "exactly I think it's something about AI"}, {"start": "00:24:14", "end": "00:24:17", "text": "oh yeah here we are AI compute"}, {"start": "00:24:15", "end": "00:24:18", "text": "infrastructure"}, {"start": "00:24:17", "end": "00:24:23", "text": ">> exactly"}, {"start": "00:24:18", "end": "00:24:26", "text": ">> um which which has real uh vi a real"}, {"start": "00:24:23", "end": "00:24:28", "text": "sort of long island blockchain vibe do"}, {"start": "00:24:26", "end": "00:24:31", "text": "you remember that from 2017 or whenever"}, {"start": "00:24:28", "end": "00:24:33", "text": "it was like um you know when blockchain"}, {"start": "00:24:31", "end": "00:24:35", "text": "was such a buzzword and"}, {"start": "00:24:33", "end": "00:24:37", "text": ">> uh yeah people were sort of pivoting"}, {"start": "00:24:35", "end": "00:24:41", "text": "pivoting to blockchain now it's pivoting"}, {"start": "00:24:37", "end": "00:24:43", "text": "to uh the pivoters to AI and I guess you"}, {"start": "00:24:41", "end": "00:24:45", "text": "know I guess this kind of underlines it"}, {"start": "00:24:43", "end": "00:24:46", "text": "really in terms of you know what the"}, {"start": "00:24:45", "end": "00:24:49", "text": "stock market's doing it seems like"}, {"start": "00:24:46", "end": "00:24:54", "text": "there's still there's still juice in the"}, {"start": "00:24:49", "end": "00:24:57", "text": "tank um for uh you know for for AI"}, {"start": "00:24:54", "end": "00:24:58", "text": "speculation um and I guess like you know"}, {"start": "00:24:57", "end": "00:25:02", "text": "the interest one of the interesting"}, {"start": "00:24:58", "end": "00:25:03", "text": "stories um from last week um which I"}, {"start": "00:25:02", "end": "00:25:05", "text": "think is interesting whether you're sort"}, {"start": "00:25:03", "end": "00:25:06", "text": "of all that fussed about AI or not we"}, {"start": "00:25:05", "end": "00:25:08", "text": "covered this on the news at the"}, {"start": "00:25:06", "end": "00:25:11", "text": "beginning of this week was Claude Claude"}, {"start": "00:25:08", "end": "00:25:15", "text": "Mythos preview I think it's called the"}, {"start": "00:25:11", "end": "00:25:16", "text": "latest anthropic model which I mean I've"}, {"start": "00:25:15", "end": "00:25:19", "text": "seen some I've seen some speculation"}, {"start": "00:25:16", "end": "00:25:21", "text": "that maybe all this is just a marketing"}, {"start": "00:25:19", "end": "00:25:23", "text": "uh ploy in which case it's genius"}, {"start": "00:25:21", "end": "00:25:25", "text": "because it's worked all about it but"}, {"start": "00:25:23", "end": "00:25:28", "text": "yeah this was the news that Claude"}, {"start": "00:25:25", "end": "00:25:30", "text": "Mythos preview is so good um and so"}, {"start": "00:25:28", "end": "00:25:33", "text": "powerful and has detected so many bugs"}, {"start": "00:25:30", "end": "00:25:35", "text": "in legacy software that they the"}, {"start": "00:25:33", "end": "00:25:38", "text": "anthropic isn't releasing it and instead"}, {"start": "00:25:35", "end": "00:25:40", "text": "they're sort of giving access to you"}, {"start": "00:25:38", "end": "00:25:43", "text": "know some big institutions and I um big"}, {"start": "00:25:40", "end": "00:25:45", "text": "companies and maybe even governments um"}, {"start": "00:25:43", "end": "00:25:46", "text": "so they can use it to kind of fix all"}, {"start": "00:25:45", "end": "00:25:48", "text": "these all these bugs that have been"}, {"start": "00:25:46", "end": "00:25:50", "text": "sitting in software in some case for"}, {"start": "00:25:48", "end": "00:25:52", "text": "decades"}, {"start": "00:25:50", "end": "00:25:54", "text": "um but you know what are your thoughts"}, {"start": "00:25:52", "end": "00:25:56", "text": "on that whe whether you think wow this"}, {"start": "00:25:54", "end": "00:25:59", "text": "is absolutely amazing another incredible"}, {"start": "00:25:56", "end": "00:26:02", "text": "AI model um so soon after the last one"}, {"start": "00:25:59", "end": "00:26:04", "text": "or you're thinking wow you know Skynet"}, {"start": "00:26:02", "end": "00:26:06", "text": "is here um the Terminators are going to"}, {"start": "00:26:04", "end": "00:26:08", "text": "be knocking on my door any moment now"}, {"start": "00:26:06", "end": "00:26:10", "text": "you know whatever you whatever side of"}, {"start": "00:26:08", "end": "00:26:14", "text": "that fence you're on it's it's the most"}, {"start": "00:26:10", "end": "00:26:15", "text": "amazing publicity um it gets people"}, {"start": "00:26:14", "end": "00:26:18", "text": "talking and I guess you know that's a"}, {"start": "00:26:15", "end": "00:26:21", "text": "big part of the reason why there's still"}, {"start": "00:26:18", "end": "00:26:22", "text": "so much speculation happening on these"}, {"start": "00:26:21", "end": "00:26:26", "text": "stocks I mean things like you know"}, {"start": "00:26:22", "end": "00:26:28", "text": "Nvidia the um uh the case is the case is"}, {"start": "00:26:26", "end": "00:26:30", "text": "fairly easy to make, but yeah, there"}, {"start": "00:26:28", "end": "00:26:34", "text": "just seems to still be attention and it"}, {"start": "00:26:30", "end": "00:26:36", "text": "still seems to be um AI hype driving it"}, {"start": "00:26:34", "end": "00:26:38", "text": "driving stocks um driving the stock"}, {"start": "00:26:36", "end": "00:26:42", "text": "market and yeah, it's just the question"}, {"start": "00:26:38", "end": "00:26:44", "text": "is how long it can last."}, {"start": "00:26:42", "end": "00:26:49", "text": ">> Yeah, and I'll say this, that's why I'm"}, {"start": "00:26:44", "end": "00:26:50", "text": "pivoting my channel from D an AI because"}, {"start": "00:26:49", "end": "00:26:53", "text": "it seems like there's nothing really"}, {"start": "00:26:50", "end": "00:26:55", "text": "else to talk about in crypto. But also"}, {"start": "00:26:53", "end": "00:26:58", "text": "one more thing uh about the stock"}, {"start": "00:26:55", "end": "00:27:01", "text": "market. It we we've been talking a lot"}, {"start": "00:26:58", "end": "00:27:03", "text": "about the midterm election years which"}, {"start": "00:27:01", "end": "00:27:05", "text": "we are in that right now and the markets"}, {"start": "00:27:03", "end": "00:27:07", "text": "don't like ambiguity especially with"}, {"start": "00:27:05", "end": "00:27:11", "text": "who's going to win who's not who's going"}, {"start": "00:27:07", "end": "00:27:12", "text": "to secede power but um and you know I"}, {"start": "00:27:11", "end": "00:27:14", "text": "got this question yesterday like well"}, {"start": "00:27:12", "end": "00:27:15", "text": "you talk about midterm years are like"}, {"start": "00:27:14", "end": "00:27:17", "text": "the worst years for the market but"}, {"start": "00:27:15", "end": "00:27:19", "text": "didn't we just hit an all-time high for"}, {"start": "00:27:17", "end": "00:27:21", "text": "the S&P 500? I said yeah that's that's a"}, {"start": "00:27:19", "end": "00:27:23", "text": "good point. I had to take a look at it."}, {"start": "00:27:21", "end": "00:27:26", "text": "And this happened, the same thing"}, {"start": "00:27:23", "end": "00:27:28", "text": "happened in"}, {"start": "00:27:26", "end": "00:27:32", "text": "2018"}, {"start": "00:27:28", "end": "00:27:35", "text": "and 2014 where it was a midterm midterm"}, {"start": "00:27:32", "end": "00:27:36", "text": "year, but we still hit S&P 500 all-time"}, {"start": "00:27:35", "end": "00:27:38", "text": "highs. But as a reminder, we hit"}, {"start": "00:27:36", "end": "00:27:41", "text": "all-time highs and everything was going"}, {"start": "00:27:38", "end": "00:27:44", "text": "good and then we had a pretty big dump"}, {"start": "00:27:41", "end": "00:27:46", "text": "uh towards the Q4. So, if that does play"}, {"start": "00:27:44", "end": "00:27:47", "text": "out again, I mean, that would be like"}, {"start": "00:27:46", "end": "00:27:49", "text": "the same thing we've been saying for"}, {"start": "00:27:47", "end": "00:27:51", "text": "quite some time. So, everything's good"}, {"start": "00:27:49", "end": "00:27:52", "text": "now. just everybody be cautious because"}, {"start": "00:27:51", "end": "00:27:54", "text": "who knows what's going to happen."}, {"start": "00:27:52", "end": "00:27:56", "text": ">> Yeah. I mean, I think midterm years are"}, {"start": "00:27:54", "end": "00:27:58", "text": "more historically bearish for crypto."}, {"start": "00:27:56", "end": "00:28:01", "text": "For the stock market, it is it's the"}, {"start": "00:27:58", "end": "00:28:04", "text": "weakest year, but you can still have"}, {"start": "00:28:01", "end": "00:28:06", "text": "some green years. Like 2014 was green"}, {"start": "00:28:04", "end": "00:28:08", "text": "was positive for stocks, but 2018 and"}, {"start": "00:28:06", "end": "00:28:11", "text": "2022 were red."}, {"start": "00:28:08", "end": "00:28:11", "text": ">> Yeah."}, {"start": "00:28:11", "end": "00:28:14", "text": ">> Yeah."}, {"start": "00:28:11", "end": "00:28:18", "text": ">> All right, guys. It's 9:30. Want to put"}, {"start": "00:28:14", "end": "00:28:21", "text": "a bow on it. Uh call it a day. We'll see"}, {"start": "00:28:18", "end": "00:28:24", "text": "you guys next week on uh Rob's channel"}, {"start": "00:28:21", "end": "00:28:24", "text": "if we have the motivation."}, {"start": "00:28:25", "end": "00:28:29", "text": "Uh actually,"}, {"start": "00:28:28", "end": "00:28:30", "text": "we should have some interesting"}, {"start": "00:28:29", "end": "00:28:32", "text": "volatility, I think, coming to the"}, {"start": "00:28:30", "end": "00:28:33", "text": "market soon because we got we got the"}, {"start": "00:28:32", "end": "00:28:35", "text": "Fed meeting coming up like later in"}, {"start": "00:28:33", "end": "00:28:37", "text": "April. The Bank of Japan also might be"}, {"start": "00:28:35", "end": "00:28:38", "text": "raising rates again. Uh so that'll be a"}, {"start": "00:28:37", "end": "00:28:41", "text": "topic that we'll probably want to"}, {"start": "00:28:38", "end": "00:28:42", "text": "discuss maybe in the next meeting. But"}, {"start": "00:28:41", "end": "00:28:44", "text": "all right guys, if you're not subscribed"}, {"start": "00:28:42", "end": "00:28:45", "text": "to Guy Rob, links in the description"}, {"start": "00:28:44", "end": "00:28:48", "text": "below. Thank you guys for being here."}, {"start": "00:28:45", "end": "00:28:50", "text": "We'll see you guys next time."}, {"start": "00:28:48", "end": "00:28:50", "text": "Bye guys."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "What I think is I'm expressing an"}, {"start": "00:00:02", "end": "00:00:05", "text": "optimistic view. Even though I know a"}, {"start": "00:00:04", "end": "00:00:08", "text": "lot of people might think that sounds"}, {"start": "00:00:05", "end": "00:00:11", "text": "crazy, I think I'm expressing an"}, {"start": "00:00:08", "end": "00:00:15", "text": "optimistic view for Bitcoin by saying"}, {"start": "00:00:11", "end": "00:00:17", "text": "70%. Because again, when the QQQ"}, {"start": "00:00:15", "end": "00:00:18", "text": "launched, and here's the thing, a lot of"}, {"start": "00:00:17", "end": "00:00:23", "text": "people think ETFs mean that that the"}, {"start": "00:00:18", "end": "00:00:27", "text": "asset can't go down. Theatic ETFs launch"}, {"start": "00:00:23", "end": "00:00:28", "text": "near the end of multi-year bull markets,"}, {"start": "00:00:27", "end": "00:00:31", "text": "right? They don't launch at the"}, {"start": "00:00:28", "end": "00:00:35", "text": "beginning because it takes a multi-year"}, {"start": "00:00:31", "end": "00:00:37", "text": "bull market for people to care so much"}, {"start": "00:00:35", "end": "00:00:38", "text": "about that asset to want to want to"}, {"start": "00:00:37", "end": "00:00:39", "text": "launch a thematic ETF in the first"}, {"start": "00:00:38", "end": "00:00:42", "text": "place."}, {"start": "00:00:39", "end": "00:00:47", "text": "So, if the QQQ"}, {"start": "00:00:42", "end": "00:00:50", "text": "can go from 48 to 120 and then drop to"}, {"start": "00:00:47", "end": "00:00:52", "text": "19,"}, {"start": "00:00:50", "end": "00:00:57", "text": "you can't tell me that just saying"}, {"start": "00:00:52", "end": "00:00:57", "text": "Bitcoin might drop 70% is a doomer No."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:09", "text": "into the equity verse. Today we're going"}, {"start": "00:00:05", "end": "00:00:13", "text": "to talk about the S&P 500. We had the"}, {"start": "00:00:09", "end": "00:00:15", "text": "10% drop. Now we've had a rally back"}, {"start": "00:00:13", "end": "00:00:18", "text": "near the all-time highs and very"}, {"start": "00:00:15", "end": "00:00:19", "text": "possible we could see the S&P 500 put in"}, {"start": "00:00:18", "end": "00:00:22", "text": "a new all-time high. So we're going to"}, {"start": "00:00:19", "end": "00:00:24", "text": "talk about that and talk about this"}, {"start": "00:00:22", "end": "00:00:25", "text": "process. If you guys like the content,"}, {"start": "00:00:24", "end": "00:00:27", "text": "make sure you subscribe to the channel,"}, {"start": "00:00:25", "end": "00:00:29", "text": "give the video a thumbs up, and check"}, {"start": "00:00:27", "end": "00:00:32", "text": "out the sale on Into the Cryptoverse"}, {"start": "00:00:29", "end": "00:00:36", "text": "Premium at into the cryptoverse.com."}, {"start": "00:00:32", "end": "00:00:37", "text": "You can also check out benjamancow.com"}, {"start": "00:00:36", "end": "00:00:40", "text": "as well. We have some other things"}, {"start": "00:00:37", "end": "00:00:43", "text": "there. Now, let's go ahead and jump in."}, {"start": "00:00:40", "end": "00:00:47", "text": "So, a couple of months ago, we put out"}, {"start": "00:00:43", "end": "00:00:48", "text": "this video, stocks to drop 10% soon. And"}, {"start": "00:00:47", "end": "00:00:51", "text": "it was essentially the week that the"}, {"start": "00:00:48", "end": "00:00:54", "text": "all-time high was created, at least the"}, {"start": "00:00:51", "end": "00:00:57", "text": "current all-time high. And following"}, {"start": "00:00:54", "end": "00:01:01", "text": "that, the stock market dropped about"}, {"start": "00:00:57", "end": "00:01:05", "text": "10%, right? About 9.8% but roughly 10%."}, {"start": "00:01:01", "end": "00:01:08", "text": "Now, in that video, what we said"}, {"start": "00:01:05", "end": "00:01:10", "text": "is that after we get the 10% drop, there"}, {"start": "00:01:08", "end": "00:01:13", "text": "will likely be another rally. And it"}, {"start": "00:01:10", "end": "00:01:15", "text": "very well could go back to an all-time"}, {"start": "00:01:13", "end": "00:01:19", "text": "high. It doesn't have to, but a lot of"}, {"start": "00:01:15", "end": "00:01:20", "text": "times it does at the end of business"}, {"start": "00:01:19", "end": "00:01:23", "text": "cycles. And the reason for that is"}, {"start": "00:01:20", "end": "00:01:25", "text": "because it keeps people constantly"}, {"start": "00:01:23", "end": "00:01:28", "text": "secondguing like what's actually"}, {"start": "00:01:25", "end": "00:01:30", "text": "happening. Okay. Now, I want to explain"}, {"start": "00:01:28", "end": "00:01:33", "text": "this in a way that makes the most amount"}, {"start": "00:01:30", "end": "00:01:35", "text": "of sense to me and hopefully you can"}, {"start": "00:01:33", "end": "00:01:36", "text": "kind of understand where I'm coming"}, {"start": "00:01:35", "end": "00:01:40", "text": "from."}, {"start": "00:01:36", "end": "00:01:41", "text": "As I've said before, topping is a"}, {"start": "00:01:40", "end": "00:01:44", "text": "process."}, {"start": "00:01:41", "end": "00:01:48", "text": "Bottoming is normally an event that"}, {"start": "00:01:44", "end": "00:01:49", "text": "happens very quickly and it's over. Even"}, {"start": "00:01:48", "end": "00:01:53", "text": "look at at how this has happened, right?"}, {"start": "00:01:49", "end": "00:01:56", "text": "Look at look at 2026 so far. How that"}, {"start": "00:01:53", "end": "00:02:00", "text": "top there was a long process but the"}, {"start": "00:01:56", "end": "00:02:04", "text": "bottom single event in 2025"}, {"start": "00:02:00", "end": "00:02:06", "text": "topping was a process. The bottom was an"}, {"start": "00:02:04", "end": "00:02:09", "text": "event. You see the difference?"}, {"start": "00:02:06", "end": "00:02:11", "text": "Okay."}, {"start": "00:02:09", "end": "00:02:13", "text": "Now, here's where it gets interesting,"}, {"start": "00:02:11", "end": "00:02:15", "text": "and I I think a lot of people that watch"}, {"start": "00:02:13", "end": "00:02:17", "text": "this channel are at least somewhat aware"}, {"start": "00:02:15", "end": "00:02:18", "text": "of what Bitcoin is doing. We do talk a"}, {"start": "00:02:17", "end": "00:02:20", "text": "lot about Bitcoin. It is one of my"}, {"start": "00:02:18", "end": "00:02:23", "text": "favorite assets to talk about. I just"}, {"start": "00:02:20", "end": "00:02:25", "text": "think it's in a bare market, um, which"}, {"start": "00:02:23", "end": "00:02:28", "text": "is fairly normal. But let's look at"}, {"start": "00:02:25", "end": "00:02:31", "text": "Bitcoin. And I think Bitcoin will give"}, {"start": "00:02:28", "end": "00:02:34", "text": "us insight into how it's playing out in"}, {"start": "00:02:31", "end": "00:02:36", "text": "the stock market. and even prior end of"}, {"start": "00:02:34", "end": "00:02:37", "text": "business cycle scenarios for the stock"}, {"start": "00:02:36", "end": "00:02:40", "text": "market could give us insight into how"}, {"start": "00:02:37", "end": "00:02:43", "text": "this is going to play out. If you look"}, {"start": "00:02:40", "end": "00:02:46", "text": "at Bitcoin, one of the things to note is"}, {"start": "00:02:43", "end": "00:02:49", "text": "how in the bull market when we set"}, {"start": "00:02:46", "end": "00:02:52", "text": "highs, the bull market structure was"}, {"start": "00:02:49", "end": "00:02:55", "text": "intact as long as we did not go below"}, {"start": "00:02:52", "end": "00:02:57", "text": "those highs on the next pullback. Okay."}, {"start": "00:02:55", "end": "00:03:02", "text": "So, think about how the drop that"}, {"start": "00:02:57", "end": "00:03:05", "text": "Bitcoin had, you know, back in uh 2024,"}, {"start": "00:03:02", "end": "00:03:08", "text": "how it was still well above the sort of"}, {"start": "00:03:05", "end": "00:03:11", "text": "this range and it was also above that"}, {"start": "00:03:08", "end": "00:03:13", "text": "that local high with the where the ETF"}, {"start": "00:03:11", "end": "00:03:15", "text": "launched. So, you could argue that the"}, {"start": "00:03:13", "end": "00:03:20", "text": "structure of the bull market remained"}, {"start": "00:03:15", "end": "00:03:22", "text": "intact. We came very close to"}, {"start": "00:03:20", "end": "00:03:25", "text": "sort of destroying the structure of the"}, {"start": "00:03:22", "end": "00:03:27", "text": "bull market when we got the pullback in"}, {"start": "00:03:25", "end": "00:03:30", "text": "April of 2025. But if you go back to the"}, {"start": "00:03:27", "end": "00:03:32", "text": "videos I put out back then, what I said"}, {"start": "00:03:30", "end": "00:03:35", "text": "would likely happen was that Bitcoin"}, {"start": "00:03:32", "end": "00:03:38", "text": "would likely drop from late February to"}, {"start": "00:03:35", "end": "00:03:42", "text": "early to mid April. And as long as we"}, {"start": "00:03:38", "end": "00:03:45", "text": "stay above the high from 2024, it would"}, {"start": "00:03:42", "end": "00:03:47", "text": "then likely yield another all-time high."}, {"start": "00:03:45", "end": "00:03:51", "text": "And what you'll see is that the low in"}, {"start": "00:03:47", "end": "00:03:56", "text": "April of 2025 was 74,441."}, {"start": "00:03:51", "end": "00:04:00", "text": "The high from 24 to 2024 was 73,757."}, {"start": "00:03:56", "end": "00:04:02", "text": "So what happened is Bitcoin stayed above"}, {"start": "00:04:00", "end": "00:04:04", "text": "the prior high"}, {"start": "00:04:02", "end": "00:04:07", "text": "and then it went to a new alltime high."}, {"start": "00:04:04", "end": "00:04:11", "text": "But here's the thing, it got really"}, {"start": "00:04:07", "end": "00:04:15", "text": "close and the next high that occurred"}, {"start": "00:04:11", "end": "00:04:18", "text": "was a distribution phase high that"}, {"start": "00:04:15", "end": "00:04:22", "text": "lasted several months. You see that?"}, {"start": "00:04:18", "end": "00:04:26", "text": "Yes. A new all-time high,"}, {"start": "00:04:22", "end": "00:04:29", "text": "distribution high, and then Bitcoin sold"}, {"start": "00:04:26", "end": "00:04:31", "text": "off, came back down to these lows, and"}, {"start": "00:04:29", "end": "00:04:33", "text": "then broke below that. So now we've sort"}, {"start": "00:04:31", "end": "00:04:36", "text": "of broken the structure of the bull"}, {"start": "00:04:33", "end": "00:04:42", "text": "market. Now we've set a a lower low in"}, {"start": "00:04:36", "end": "00:04:44", "text": "fact. So with the S&P 500,"}, {"start": "00:04:42", "end": "00:04:46", "text": "what I'm saying is, okay, we can make a"}, {"start": "00:04:44", "end": "00:04:49", "text": "similar argument, right? A similar"}, {"start": "00:04:46", "end": "00:04:51", "text": "argument where you have your high from"}, {"start": "00:04:49", "end": "00:04:54", "text": "2023"}, {"start": "00:04:51", "end": "00:04:57", "text": "and you have your high from 2024."}, {"start": "00:04:54", "end": "00:04:58", "text": "And notice how the big drop Bitcoin had"}, {"start": "00:04:57", "end": "00:05:02", "text": "in 2025"}, {"start": "00:04:58", "end": "00:05:04", "text": "did not take out that high right there."}, {"start": "00:05:02", "end": "00:05:06", "text": "It did take out some of these other"}, {"start": "00:05:04", "end": "00:05:09", "text": "highs, but it was just a sweep."}, {"start": "00:05:06", "end": "00:05:12", "text": "Then what happened is we had another"}, {"start": "00:05:09", "end": "00:05:15", "text": "high, another drop, but this drop was"}, {"start": "00:05:12", "end": "00:05:18", "text": "still above the prior one."}, {"start": "00:05:15", "end": "00:05:20", "text": "Still above the prior resistance. Now"}, {"start": "00:05:18", "end": "00:05:24", "text": "we're going back up to the highs. We"}, {"start": "00:05:20", "end": "00:05:28", "text": "have seen this happen so many times. and"}, {"start": "00:05:24", "end": "00:05:30", "text": "the the two main ways that you sort of"}, {"start": "00:05:28", "end": "00:05:33", "text": "the the ways that it historically plays"}, {"start": "00:05:30", "end": "00:05:35", "text": "out. One would be a hell of a lot easier"}, {"start": "00:05:33", "end": "00:05:37", "text": "to navigate, which is probably why it"}, {"start": "00:05:35", "end": "00:05:40", "text": "won't happen, but if it does, it would"}, {"start": "00:05:37", "end": "00:05:43", "text": "be easier. Um, and before we go any"}, {"start": "00:05:40", "end": "00:05:44", "text": "further, I have to explain why I'm I'm"}, {"start": "00:05:43", "end": "00:05:47", "text": "sort of operating under the assumption"}, {"start": "00:05:44", "end": "00:05:49", "text": "that this is distribution up here, even"}, {"start": "00:05:47", "end": "00:05:51", "text": "at higher prices. I mean, the S&P could"}, {"start": "00:05:49", "end": "00:05:54", "text": "go well into the 7,000s and still be"}, {"start": "00:05:51", "end": "00:05:58", "text": "distribution. Bitcoin"}, {"start": "00:05:54", "end": "00:06:00", "text": "sort of topped at 109K in in December of"}, {"start": "00:05:58", "end": "00:06:03", "text": "2024. It just barely went above it later"}, {"start": "00:06:00", "end": "00:06:05", "text": "on to kind of draw people back in to"}, {"start": "00:06:03", "end": "00:06:07", "text": "that $300,000 price prediction that a"}, {"start": "00:06:05", "end": "00:06:09", "text": "lot of people had, but all it did was"}, {"start": "00:06:07", "end": "00:06:11", "text": "draw people back in. And we can look at"}, {"start": "00:06:09", "end": "00:06:15", "text": "it now and say, \"All right, that was"}, {"start": "00:06:11", "end": "00:06:18", "text": "clearly a distribution phase.\" for the"}, {"start": "00:06:15", "end": "00:06:20", "text": "S&P 500. It's harder to say it when"}, {"start": "00:06:18", "end": "00:06:23", "text": "you're in the middle of it, but I would"}, {"start": "00:06:20", "end": "00:06:26", "text": "say Bitcoin is giving us a glimpse into"}, {"start": "00:06:23", "end": "00:06:30", "text": "what the S&P 500 is going to do because"}, {"start": "00:06:26", "end": "00:06:32", "text": "Bitcoin also did not take out a high"}, {"start": "00:06:30", "end": "00:06:34", "text": "here, right? It did not take out this"}, {"start": "00:06:32", "end": "00:06:36", "text": "prior high. It rallied to new all-time"}, {"start": "00:06:34", "end": "00:06:38", "text": "highs, remained in distribution for"}, {"start": "00:06:36", "end": "00:06:42", "text": "several months, and then eventually came"}, {"start": "00:06:38", "end": "00:06:45", "text": "back down. Look at the S&P 500. Now, are"}, {"start": "00:06:42", "end": "00:06:50", "text": "we going to compare this to 2022?"}, {"start": "00:06:45", "end": "00:06:53", "text": "We could, but one argument is that 2022"}, {"start": "00:06:50", "end": "00:06:55", "text": "was not as late in the business cycle as"}, {"start": "00:06:53", "end": "00:06:58", "text": "we are right now. And so, while"}, {"start": "00:06:55", "end": "00:06:59", "text": "comparing to 2022 can make a lot of"}, {"start": "00:06:58", "end": "00:07:02", "text": "sense, and maybe we'll do that in a"}, {"start": "00:06:59", "end": "00:07:05", "text": "future video, you could argue that"}, {"start": "00:07:02", "end": "00:07:06", "text": "comparing to the end of business cycles"}, {"start": "00:07:05", "end": "00:07:08", "text": "would make more sense. And the reason"}, {"start": "00:07:06", "end": "00:07:10", "text": "we're comparing to the end of business"}, {"start": "00:07:08", "end": "00:07:12", "text": "cycles, if you look at the liquidity"}, {"start": "00:07:10", "end": "00:07:14", "text": "risk metric, that looks like more of an"}, {"start": "00:07:12", "end": "00:07:16", "text": "into business cycle regime, kind of like"}, {"start": "00:07:14", "end": "00:07:18", "text": "2007208,"}, {"start": "00:07:16", "end": "00:07:21", "text": "also somewhat similar to 2019. If you"}, {"start": "00:07:18", "end": "00:07:23", "text": "look at the stock market and we look at"}, {"start": "00:07:21", "end": "00:07:27", "text": "sort of the business cycle chart, the"}, {"start": "00:07:23", "end": "00:07:31", "text": "ITC business cycle chart, that also is"}, {"start": "00:07:27", "end": "00:07:33", "text": "reflective of a late business cycle"}, {"start": "00:07:31", "end": "00:07:36", "text": "environment. And what happens in late"}, {"start": "00:07:33", "end": "00:07:38", "text": "business cycle environments is exactly"}, {"start": "00:07:36", "end": "00:07:41", "text": "what you saw happen in ' 06 and 07 and"}, {"start": "00:07:38", "end": "00:07:43", "text": "in 2000 and the list goes on and on. You"}, {"start": "00:07:41", "end": "00:07:45", "text": "have these tops where you'll get these"}, {"start": "00:07:43", "end": "00:07:47", "text": "drops. You'll rally up to a slightly new"}, {"start": "00:07:45", "end": "00:07:48", "text": "all-time high drop again. Slight new"}, {"start": "00:07:47", "end": "00:07:50", "text": "alltime high. You look back on it, it"}, {"start": "00:07:48", "end": "00:07:52", "text": "was obviously distribution. When you're"}, {"start": "00:07:50", "end": "00:07:55", "text": "living through it, it doesn't feel like"}, {"start": "00:07:52", "end": "00:08:00", "text": "it. Okay."}, {"start": "00:07:55", "end": "00:08:00", "text": "Now look at what happened in 2007."}, {"start": "00:08:01", "end": "00:08:07", "text": "The stock market had a drop, right?"}, {"start": "00:08:04", "end": "00:08:09", "text": "About a 12% drop, 11% drop, a little bit"}, {"start": "00:08:07", "end": "00:08:11", "text": "more than we just had. Rallied back up"}, {"start": "00:08:09", "end": "00:08:15", "text": "to new all-time highs,"}, {"start": "00:08:11", "end": "00:08:15", "text": "swept the highs,"}, {"start": "00:08:15", "end": "00:08:19", "text": "and then dropped into the recession."}, {"start": "00:08:17", "end": "00:08:21", "text": "Okay,"}, {"start": "00:08:19", "end": "00:08:24", "text": "that would honestly be a lot easier to"}, {"start": "00:08:21", "end": "00:08:26", "text": "navigate. Uh because if it were to play"}, {"start": "00:08:24", "end": "00:08:29", "text": "out like this, then you could argue that"}, {"start": "00:08:26", "end": "00:08:31", "text": "the business cycle ends this year and we"}, {"start": "00:08:29", "end": "00:08:32", "text": "start a new one at lower prices. It"}, {"start": "00:08:31", "end": "00:08:34", "text": "probably takes a while to get things"}, {"start": "00:08:32", "end": "00:08:35", "text": "moving again. But if it were to play out"}, {"start": "00:08:34", "end": "00:08:38", "text": "like that, that would be a hell of a lot"}, {"start": "00:08:35", "end": "00:08:40", "text": "easier than what very well could happen."}, {"start": "00:08:38", "end": "00:08:42", "text": "So, the reason why this would be easier"}, {"start": "00:08:40", "end": "00:08:45", "text": "is because it would allow the business"}, {"start": "00:08:42", "end": "00:08:47", "text": "cycle to reset in the midterm year for"}, {"start": "00:08:45", "end": "00:08:48", "text": "Bitcoin, which could then set up a"}, {"start": "00:08:47", "end": "00:08:50", "text": "bullish preh havinging year, which is"}, {"start": "00:08:48", "end": "00:08:52", "text": "what I think a lot of people kind of"}, {"start": "00:08:50", "end": "00:08:53", "text": "want to happen. Now, that doesn't"}, {"start": "00:08:52", "end": "00:08:55", "text": "necessarily have to happen. A lot of"}, {"start": "00:08:53", "end": "00:08:57", "text": "people think we're, you know, the low is"}, {"start": "00:08:55", "end": "00:09:00", "text": "in and and and that, you know, that's"}, {"start": "00:08:57", "end": "00:09:02", "text": "it. But, um,"}, {"start": "00:09:00", "end": "00:09:04", "text": "that would be easier. You could also"}, {"start": "00:09:02", "end": "00:09:05", "text": "argue that maybe we're here. Like maybe"}, {"start": "00:09:04", "end": "00:09:07", "text": "maybe this was the drop we just"}, {"start": "00:09:05", "end": "00:09:10", "text": "experienced and then we go up into this"}, {"start": "00:09:07", "end": "00:09:13", "text": "distribution and then come down. But"}, {"start": "00:09:10", "end": "00:09:15", "text": "here's the thing about topping. If if"}, {"start": "00:09:13", "end": "00:09:17", "text": "this is the drop that we just"}, {"start": "00:09:15", "end": "00:09:21", "text": "experienced and now we're in that rally"}, {"start": "00:09:17", "end": "00:09:24", "text": "back up to all-time highs,"}, {"start": "00:09:21", "end": "00:09:27", "text": "sometimes the sweep is a little more"}, {"start": "00:09:24", "end": "00:09:31", "text": "than a sweep. And that's why it's so"}, {"start": "00:09:27", "end": "00:09:35", "text": "hard. Think about Bitcoin. Imagine if in"}, {"start": "00:09:31", "end": "00:09:39", "text": "January 2025 you said that the top was"}, {"start": "00:09:35", "end": "00:09:42", "text": "in but that we might sweep the highs"}, {"start": "00:09:39", "end": "00:09:44", "text": "later on. Okay. Under some metrics,"}, {"start": "00:09:42", "end": "00:09:48", "text": "you're right. Right. Like Bitcoin topped"}, {"start": "00:09:44", "end": "00:09:50", "text": "against gold in December of 2024."}, {"start": "00:09:48", "end": "00:09:52", "text": "Imagine though that that Bitcoin rallies"}, {"start": "00:09:50", "end": "00:09:54", "text": "back up in May and you say, \"All right,"}, {"start": "00:09:52", "end": "00:09:56", "text": "that's the sweep of the all-time high."}, {"start": "00:09:54", "end": "00:09:59", "text": "Now we're going to go down.\" Well, we"}, {"start": "00:09:56", "end": "00:10:01", "text": "kind of continued to sort of go up and"}, {"start": "00:09:59", "end": "00:10:03", "text": "still sweep those highs. It was a little"}, {"start": "00:10:01", "end": "00:10:07", "text": "bit more than a sweep, right? Because we"}, {"start": "00:10:03", "end": "00:10:09", "text": "kind of stayed there for several months,"}, {"start": "00:10:07", "end": "00:10:11", "text": "three months or so, you know? I mean,"}, {"start": "00:10:09", "end": "00:10:13", "text": "really from May until October, you could"}, {"start": "00:10:11", "end": "00:10:16", "text": "argue our you could argue it was like"}, {"start": "00:10:13", "end": "00:10:18", "text": "closer to four months um that this"}, {"start": "00:10:16", "end": "00:10:22", "text": "distribution phase played out. You see"}, {"start": "00:10:18", "end": "00:10:25", "text": "that? That's why when I say a sweep of"}, {"start": "00:10:22", "end": "00:10:27", "text": "the high for the S&P, it doesn't have to"}, {"start": "00:10:25", "end": "00:10:29", "text": "be what happened in '08, where it just"}, {"start": "00:10:27", "end": "00:10:31", "text": "barely goes above it and then crashes."}, {"start": "00:10:29", "end": "00:10:34", "text": "That would be a hell of a lot easier to"}, {"start": "00:10:31", "end": "00:10:37", "text": "navigate if it did, but I need you to be"}, {"start": "00:10:34", "end": "00:10:40", "text": "aware that it might not play out like"}, {"start": "00:10:37", "end": "00:10:44", "text": "that. It could play out in the way that"}, {"start": "00:10:40", "end": "00:10:49", "text": "we saw in the dot era or in the 1960s,"}, {"start": "00:10:44", "end": "00:10:49", "text": "1970s where you get a high"}, {"start": "00:10:50", "end": "00:10:56", "text": "And then you drop, you get a a sort of"}, {"start": "00:10:52", "end": "00:10:58", "text": "this rally right back up and then you"}, {"start": "00:10:56", "end": "00:11:01", "text": "come back down."}, {"start": "00:10:58", "end": "00:11:05", "text": "And then you just keep on sweeping the"}, {"start": "00:11:01", "end": "00:11:08", "text": "high for months and months and months"}, {"start": "00:11:05", "end": "00:11:10", "text": "before the downturn actually happens."}, {"start": "00:11:08", "end": "00:11:12", "text": "Now,"}, {"start": "00:11:10", "end": "00:11:15", "text": "I don't want that to happen. I I truly"}, {"start": "00:11:12", "end": "00:11:17", "text": "don't. I I want to be real a realist"}, {"start": "00:11:15", "end": "00:11:18", "text": "with you. I don't want to be a doomer."}, {"start": "00:11:17", "end": "00:11:21", "text": "Um,"}, {"start": "00:11:18", "end": "00:11:23", "text": "I'd rather this play out quicker so that"}, {"start": "00:11:21", "end": "00:11:25", "text": "then it would be easier to then"}, {"start": "00:11:23", "end": "00:11:28", "text": "continue. If we have a reset in the"}, {"start": "00:11:25", "end": "00:11:30", "text": "midterm year, it then allows potentially"}, {"start": "00:11:28", "end": "00:11:34", "text": "for the bull market to continue. The"}, {"start": "00:11:30", "end": "00:11:37", "text": "problem is if we don't have a reset and"}, {"start": "00:11:34", "end": "00:11:40", "text": "we just keep on sweeping the high"}, {"start": "00:11:37", "end": "00:11:41", "text": "throughout the entire midterm year, what"}, {"start": "00:11:40", "end": "00:11:45", "text": "happens if then everyone buys in"}, {"start": "00:11:41", "end": "00:11:46", "text": "October? But then the recession hits"}, {"start": "00:11:45", "end": "00:11:49", "text": "after everyone who's waiting to buy in"}, {"start": "00:11:46", "end": "00:11:51", "text": "October buys, right? It could play out"}, {"start": "00:11:49", "end": "00:11:53", "text": "like that. Now, I want to show you"}, {"start": "00:11:51", "end": "00:11:54", "text": "something"}, {"start": "00:11:53", "end": "00:11:56", "text": "that I I want because a lot of people"}, {"start": "00:11:54", "end": "00:11:58", "text": "are talking about time frames. Look at"}, {"start": "00:11:56", "end": "00:12:00", "text": "what happened in 2018. not a late"}, {"start": "00:11:58", "end": "00:12:02", "text": "business cycle environment, but Trump"}, {"start": "00:12:00", "end": "00:12:04", "text": "was in office. Again, we're not talking"}, {"start": "00:12:02", "end": "00:12:07", "text": "about politics here, but it's just data,"}, {"start": "00:12:04", "end": "00:12:09", "text": "right? Trump was in office in 2018 and"}, {"start": "00:12:07", "end": "00:12:10", "text": "it was a midterm year. What happened?"}, {"start": "00:12:09", "end": "00:12:13", "text": "The stock market found a top early in"}, {"start": "00:12:10", "end": "00:12:15", "text": "the year and then it found a higher high"}, {"start": "00:12:13", "end": "00:12:18", "text": "in September."}, {"start": "00:12:15", "end": "00:12:21", "text": "see that higher high in September,"}, {"start": "00:12:18", "end": "00:12:24", "text": "but the top, an initial top, a drop, a"}, {"start": "00:12:21", "end": "00:12:25", "text": "rally up, back down, sweep the high in"}, {"start": "00:12:24", "end": "00:12:27", "text": "September, and then you get a deeper"}, {"start": "00:12:25", "end": "00:12:30", "text": "drop into the end of the midterm year."}, {"start": "00:12:27", "end": "00:12:33", "text": "You see that?"}, {"start": "00:12:30", "end": "00:12:36", "text": "That lasted a few weeks when we swept"}, {"start": "00:12:33", "end": "00:12:36", "text": "the high."}, {"start": "00:12:37", "end": "00:12:43", "text": "Look"}, {"start": "00:12:39", "end": "00:12:47", "text": "at 2007."}, {"start": "00:12:43", "end": "00:12:49", "text": "high drop sweep the high October then"}, {"start": "00:12:47", "end": "00:12:52", "text": "the drop."}, {"start": "00:12:49", "end": "00:12:54", "text": "Now the dot comparison"}, {"start": "00:12:52", "end": "00:12:57", "text": "is really interesting"}, {"start": "00:12:54", "end": "00:13:00", "text": "because despite"}, {"start": "00:12:57", "end": "00:13:02", "text": "my best efforts to convince you that the"}, {"start": "00:13:00", "end": "00:13:04", "text": "fractal is going to break, despite my"}, {"start": "00:13:02", "end": "00:13:08", "text": "best efforts to convince you, it hasn't"}, {"start": "00:13:04", "end": "00:13:10", "text": "broken yet. And I will continue to"}, {"start": "00:13:08", "end": "00:13:12", "text": "annoyingly talk about this until it"}, {"start": "00:13:10", "end": "00:13:14", "text": "breaks. I want it to break. hasn't"}, {"start": "00:13:12", "end": "00:13:18", "text": "broken yet. Until it breaks, let's talk"}, {"start": "00:13:14", "end": "00:13:20", "text": "about it. Okay? And it's basically this,"}, {"start": "00:13:18", "end": "00:13:23", "text": "how every single step of the way, it"}, {"start": "00:13:20", "end": "00:13:27", "text": "just keeps on playing out in the same"}, {"start": "00:13:23", "end": "00:13:29", "text": "manner. How every single correction is"}, {"start": "00:13:27", "end": "00:13:32", "text": "the same. And we've had three of them"}, {"start": "00:13:29", "end": "00:13:36", "text": "now, and we have shown all three of them"}, {"start": "00:13:32", "end": "00:13:40", "text": "on this channel in real time compared to"}, {"start": "00:13:36", "end": "00:13:44", "text": "the the the S&P M2 valuation"}, {"start": "00:13:40", "end": "00:13:46", "text": "in 2023. We looked at this in 2025. We"}, {"start": "00:13:44", "end": "00:13:49", "text": "looked at this. And earlier this year,"}, {"start": "00:13:46", "end": "00:13:51", "text": "we looked at this. And despite the fact"}, {"start": "00:13:49", "end": "00:13:53", "text": "that everyone can see it coming from a"}, {"start": "00:13:51", "end": "00:13:55", "text": "mile away, the correction happens"}, {"start": "00:13:53", "end": "00:13:59", "text": "anyways. And that's why I put out this"}, {"start": "00:13:55", "end": "00:14:00", "text": "video saying stocks to drop 10% soon."}, {"start": "00:13:59", "end": "00:14:03", "text": "And people were like, \"No, it's not"}, {"start": "00:14:00", "end": "00:14:05", "text": "going to happen.\" And then it happened"}, {"start": "00:14:03", "end": "00:14:08", "text": "anyways. Just like Bitcoin topped in"}, {"start": "00:14:05", "end": "00:14:10", "text": "October when the four-year cycle called"}, {"start": "00:14:08", "end": "00:14:13", "text": "for it to top. people said it wouldn't"}, {"start": "00:14:10", "end": "00:14:15", "text": "and then it topped. Anyways, these"}, {"start": "00:14:13", "end": "00:14:18", "text": "mental gymnastics that people do, right?"}, {"start": "00:14:15", "end": "00:14:19", "text": "Again, just because there's a few guys"}, {"start": "00:14:18", "end": "00:14:21", "text": "talking about it topping or getting a"}, {"start": "00:14:19", "end": "00:14:24", "text": "correction doesn't mean it's not going"}, {"start": "00:14:21", "end": "00:14:26", "text": "to happen. It can happen and I know that"}, {"start": "00:14:24", "end": "00:14:28", "text": "because every single time I called for"}, {"start": "00:14:26", "end": "00:14:30", "text": "these corrections, I was met with a lot"}, {"start": "00:14:28", "end": "00:14:33", "text": "of push back and then it happened"}, {"start": "00:14:30", "end": "00:14:35", "text": "anyways. Now what happened in the.com"}, {"start": "00:14:33", "end": "00:14:38", "text": "era is the stock market after having"}, {"start": "00:14:35", "end": "00:14:41", "text": "that 10% drop rallied back up and then"}, {"start": "00:14:38", "end": "00:14:45", "text": "had this distribution"}, {"start": "00:14:41", "end": "00:14:47", "text": "for months for months. Now what's"}, {"start": "00:14:45", "end": "00:14:51", "text": "interesting is if you overlay the"}, {"start": "00:14:47", "end": "00:14:53", "text": "fractal the stock market topped in"}, {"start": "00:14:51", "end": "00:14:55", "text": "September when overlaying it. Now back"}, {"start": "00:14:53", "end": "00:14:58", "text": "then it was in March"}, {"start": "00:14:55", "end": "00:15:01", "text": "but if you overlay it"}, {"start": "00:14:58", "end": "00:15:03", "text": "September."}, {"start": "00:15:01", "end": "00:15:05", "text": "September, October time frame. The"}, {"start": "00:15:03", "end": "00:15:08", "text": "reason why"}, {"start": "00:15:05", "end": "00:15:10", "text": "that's interesting is because when you"}, {"start": "00:15:08", "end": "00:15:15", "text": "look at the lows for the stock market in"}, {"start": "00:15:10", "end": "00:15:19", "text": "that era, you had one low in October of"}, {"start": "00:15:15", "end": "00:15:24", "text": "98 and the next one was October of 99"}, {"start": "00:15:19", "end": "00:15:25", "text": "and the top was March April. So you got"}, {"start": "00:15:24", "end": "00:15:28", "text": "October,"}, {"start": "00:15:25", "end": "00:15:31", "text": "October,"}, {"start": "00:15:28", "end": "00:15:33", "text": "March, April. But this pattern is"}, {"start": "00:15:31", "end": "00:15:34", "text": "reverse."}, {"start": "00:15:33", "end": "00:15:37", "text": "This pattern is reverse. It's not"}, {"start": "00:15:34", "end": "00:15:41", "text": "October, October, March, and April. What"}, {"start": "00:15:37", "end": "00:15:45", "text": "is it? It's the lows"}, {"start": "00:15:41", "end": "00:15:47", "text": "are March April"}, {"start": "00:15:45", "end": "00:15:53", "text": "again, 2026,"}, {"start": "00:15:47", "end": "00:15:55", "text": "March, April. And if the high ends up"}, {"start": "00:15:53", "end": "00:15:57", "text": "being there, then you're looking at a"}, {"start": "00:15:55", "end": "00:16:00", "text": "high in September, October, which is the"}, {"start": "00:15:57", "end": "00:16:03", "text": "reverse of when it happened in the dot"}, {"start": "00:16:00", "end": "00:16:03", "text": "era."}, {"start": "00:16:05", "end": "00:16:10", "text": "Uh, you know what I mean? If it plays"}, {"start": "00:16:08", "end": "00:16:13", "text": "out like that, the next two years are"}, {"start": "00:16:10", "end": "00:16:15", "text": "going to suck. I hope it doesn't. And"}, {"start": "00:16:13", "end": "00:16:17", "text": "I'm gonna be looking for every reason"}, {"start": "00:16:15", "end": "00:16:19", "text": "imaginable to say that this thing is"}, {"start": "00:16:17", "end": "00:16:23", "text": "broken"}, {"start": "00:16:19", "end": "00:16:25", "text": "because by October it's gonna be hard"}, {"start": "00:16:23", "end": "00:16:26", "text": "not to turn bullish on Bitcoin, right?"}, {"start": "00:16:25", "end": "00:16:29", "text": "It'll be hard because that's when it"}, {"start": "00:16:26", "end": "00:16:32", "text": "normally bottoms. And what's crazy is if"}, {"start": "00:16:29", "end": "00:16:35", "text": "you look at this chart, that big drop"}, {"start": "00:16:32", "end": "00:16:37", "text": "for for the stock market would be that"}, {"start": "00:16:35", "end": "00:16:41", "text": "low, which is where we just bottomed,"}, {"start": "00:16:37", "end": "00:16:43", "text": "would correspond to October. Imagine"}, {"start": "00:16:41", "end": "00:16:45", "text": "everyone buys in. It gives us a few"}, {"start": "00:16:43", "end": "00:16:47", "text": "months of a bull market and then the"}, {"start": "00:16:45", "end": "00:16:49", "text": "recession finally hits after everyone"}, {"start": "00:16:47", "end": "00:16:51", "text": "has bought in and everyone's convinced"}, {"start": "00:16:49", "end": "00:16:54", "text": "that that nothing ever bad is going to"}, {"start": "00:16:51", "end": "00:16:57", "text": "ever happen. So,"}, {"start": "00:16:54", "end": "00:17:00", "text": "I just want people to be aware of this"}, {"start": "00:16:57", "end": "00:17:02", "text": "because topping is a process and this"}, {"start": "00:17:00", "end": "00:17:04", "text": "whole thing would be a hell of a lot"}, {"start": "00:17:02", "end": "00:17:06", "text": "easier if we just sweep the high, come"}, {"start": "00:17:04", "end": "00:17:09", "text": "back down, maybe maybe retest the April"}, {"start": "00:17:06", "end": "00:17:11", "text": "low and then we can continue on. I I"}, {"start": "00:17:09", "end": "00:17:14", "text": "hope that happens, but I don't always"}, {"start": "00:17:11", "end": "00:17:18", "text": "get what I hope. And if this if the"}, {"start": "00:17:14", "end": "00:17:21", "text": "stock market remains in a distribution"}, {"start": "00:17:18", "end": "00:17:22", "text": "phase for months and months and months"}, {"start": "00:17:21", "end": "00:17:24", "text": "where it goes up, puts in a new alltime"}, {"start": "00:17:22", "end": "00:17:25", "text": "high, drops back down, goes back up,"}, {"start": "00:17:24", "end": "00:17:28", "text": "puts in a new alltime high, drops back"}, {"start": "00:17:25", "end": "00:17:30", "text": "down. If this is how it plays out, then"}, {"start": "00:17:28", "end": "00:17:33", "text": "later this year, we're going to have a"}, {"start": "00:17:30", "end": "00:17:35", "text": "difficult conversation. The great thing"}, {"start": "00:17:33", "end": "00:17:36", "text": "right now is that, you know, at least as"}, {"start": "00:17:35", "end": "00:17:40", "text": "far as Bitcoin is concerned, it doesn't"}, {"start": "00:17:36", "end": "00:17:44", "text": "really matter to me. Um, it doesn't"}, {"start": "00:17:40", "end": "00:17:46", "text": "change my short-term views on Bitcoin."}, {"start": "00:17:44", "end": "00:17:48", "text": "So, those are my thoughts on the stock"}, {"start": "00:17:46", "end": "00:17:50", "text": "market. Uh, again, I'm not suggesting"}, {"start": "00:17:48", "end": "00:17:53", "text": "you can't buy stocks. I came into this"}, {"start": "00:17:50", "end": "00:17:56", "text": "year pretty heavy with energy stocks,"}, {"start": "00:17:53", "end": "00:17:58", "text": "manufacturing stocks, metals, every"}, {"start": "00:17:56", "end": "00:18:00", "text": "single one of those has drastically"}, {"start": "00:17:58", "end": "00:18:02", "text": "outperformed Bitcoin. international"}, {"start": "00:18:00", "end": "00:18:04", "text": "stocks, those have drastically"}, {"start": "00:18:02", "end": "00:18:06", "text": "outperformed domestic."}, {"start": "00:18:04", "end": "00:18:07", "text": "So, I know there's always going to be a"}, {"start": "00:18:06", "end": "00:18:09", "text": "few people in the comments that are"}, {"start": "00:18:07", "end": "00:18:12", "text": "like, \"Oh, this is just COPE.\" But the"}, {"start": "00:18:09", "end": "00:18:16", "text": "reality is coming into this year, I was"}, {"start": "00:18:12", "end": "00:18:21", "text": "very bullish on energy and Bitcoin year"}, {"start": "00:18:16", "end": "00:18:24", "text": "to date down 32% against energy stocks."}, {"start": "00:18:21", "end": "00:18:27", "text": "32. Even gold, which has had a"}, {"start": "00:18:24", "end": "00:18:29", "text": "correction. Bitcoin down 24% against"}, {"start": "00:18:27", "end": "00:18:32", "text": "gold this year."}, {"start": "00:18:29", "end": "00:18:34", "text": "This year, Bitcoin is down. One of the"}, {"start": "00:18:32", "end": "00:18:37", "text": "stocks that I've I've mentioned uh over"}, {"start": "00:18:34", "end": "00:18:39", "text": "in ITC Premium Lot Dow. Bitcoin down"}, {"start": "00:18:37", "end": "00:18:41", "text": "50%."}, {"start": "00:18:39", "end": "00:18:44", "text": "Dow."}, {"start": "00:18:41", "end": "00:18:46", "text": "Exxon. Another one. Bitcoin. How far"}, {"start": "00:18:44", "end": "00:18:49", "text": "down is it against Exxon?"}, {"start": "00:18:46", "end": "00:18:52", "text": "32% against Exxon this year alone. And"}, {"start": "00:18:49", "end": "00:18:57", "text": "it was down 16% last year. So, you can"}, {"start": "00:18:52", "end": "00:19:00", "text": "make money in even silver. Even silver."}, {"start": "00:18:57", "end": "00:19:02", "text": "Bitcoin is down 24% this year against"}, {"start": "00:19:00", "end": "00:19:04", "text": "silver. Even though silver had a big"}, {"start": "00:19:02", "end": "00:19:05", "text": "drop, you can make money in bull"}, {"start": "00:19:04", "end": "00:19:07", "text": "markets. You can make money in bare"}, {"start": "00:19:05", "end": "00:19:10", "text": "markets. You just have to know where to"}, {"start": "00:19:07", "end": "00:19:14", "text": "look. And if it's true that the stock"}, {"start": "00:19:10", "end": "00:19:17", "text": "market is in a distribution phase,"}, {"start": "00:19:14", "end": "00:19:20", "text": "you should know that energy stocks tend"}, {"start": "00:19:17", "end": "00:19:23", "text": "to top out a lot later than the S&P 500."}, {"start": "00:19:20", "end": "00:19:25", "text": "If you overlay the XLE with the stock"}, {"start": "00:19:23", "end": "00:19:27", "text": "market, XLE is in a correction right"}, {"start": "00:19:25", "end": "00:19:30", "text": "now, right? Right? It's in a correction."}, {"start": "00:19:27", "end": "00:19:32", "text": "Plays out like that way every cycle. You"}, {"start": "00:19:30", "end": "00:19:34", "text": "see this? Look how 2007 played out."}, {"start": "00:19:32", "end": "00:19:38", "text": "Stock market topped in October. XLE"}, {"start": "00:19:34", "end": "00:19:41", "text": "didn't top until almost a year later."}, {"start": "00:19:38", "end": "00:19:46", "text": "2000 stock market topped in March. XLE"}, {"start": "00:19:41", "end": "00:19:49", "text": "didn't top until over a year later. So,"}, {"start": "00:19:46", "end": "00:19:50", "text": "you don't have to know exactly. Maybe"}, {"start": "00:19:49", "end": "00:19:52", "text": "I'm wrong about it being a distribution"}, {"start": "00:19:50", "end": "00:19:56", "text": "phase. Maybe it's not. But here's the"}, {"start": "00:19:52", "end": "00:19:58", "text": "thing. It doesn't matter because if you"}, {"start": "00:19:56", "end": "00:20:00", "text": "follow the business cycle chart, you've"}, {"start": "00:19:58", "end": "00:20:02", "text": "been bullish on manufacturing, you've"}, {"start": "00:20:00", "end": "00:20:04", "text": "been bullish on energy, and you've been"}, {"start": "00:20:02", "end": "00:20:06", "text": "bullish on metals. And all of those have"}, {"start": "00:20:04", "end": "00:20:09", "text": "been outperforming"}, {"start": "00:20:06", "end": "00:20:11", "text": "the stock market this year and Bitcoin."}, {"start": "00:20:09", "end": "00:20:13", "text": "And the other reality is if you look at"}, {"start": "00:20:11", "end": "00:20:15", "text": "the stock market against gold, guess"}, {"start": "00:20:13", "end": "00:20:17", "text": "what?"}, {"start": "00:20:15", "end": "00:20:19", "text": "The spot that the stock market broke"}, {"start": "00:20:17", "end": "00:20:21", "text": "down against gold"}, {"start": "00:20:19", "end": "00:20:24", "text": "has not been able to durably recover"}, {"start": "00:20:21", "end": "00:20:26", "text": "that. it keeps getting rejected and it"}, {"start": "00:20:24", "end": "00:20:28", "text": "keeps getting rejected by that by where"}, {"start": "00:20:26", "end": "00:20:31", "text": "it broke down from and also the bare"}, {"start": "00:20:28", "end": "00:20:34", "text": "market resistance band. So with the"}, {"start": "00:20:31", "end": "00:20:35", "text": "stock market, I I I don't know exactly"}, {"start": "00:20:34", "end": "00:20:37", "text": "how it's going to play out. I mean, you"}, {"start": "00:20:35", "end": "00:20:38", "text": "you could have a lower high, a sweep the"}, {"start": "00:20:37", "end": "00:20:40", "text": "high. Sometimes those sweeps can last a"}, {"start": "00:20:38", "end": "00:20:42", "text": "few months. This is why most people just"}, {"start": "00:20:40", "end": "00:20:43", "text": "say, \"Don't even bother trying to time"}, {"start": "00:20:42", "end": "00:20:45", "text": "the market because no one knows.\" And"}, {"start": "00:20:43", "end": "00:20:48", "text": "there's a lot of truth to that. You"}, {"start": "00:20:45", "end": "00:20:50", "text": "know, yes, I got lucky on the 10% drop"}, {"start": "00:20:48", "end": "00:20:52", "text": "call, but I doesn't mean I'm going to"}, {"start": "00:20:50", "end": "00:20:55", "text": "keep getting lucky. So there is a"}, {"start": "00:20:52", "end": "00:20:57", "text": "reality that this is so complex that"}, {"start": "00:20:55", "end": "00:20:59", "text": "like and human emotions a lot of times"}, {"start": "00:20:57", "end": "00:21:01", "text": "are not equipped to deal with this"}, {"start": "00:20:59", "end": "00:21:03", "text": "amount of volatility in the market and"}, {"start": "00:21:01", "end": "00:21:06", "text": "and sort of the narrative shifts that"}, {"start": "00:21:03", "end": "00:21:07", "text": "occur. I I really and this is why for"}, {"start": "00:21:06", "end": "00:21:10", "text": "most people you're better off just"}, {"start": "00:21:07", "end": "00:21:11", "text": "buying low expense ratio index funds and"}, {"start": "00:21:10", "end": "00:21:13", "text": "forgetting about it. Not financial"}, {"start": "00:21:11", "end": "00:21:16", "text": "advice but that is what most people most"}, {"start": "00:21:13", "end": "00:21:17", "text": "wealthy people would say uh in general"}, {"start": "00:21:16", "end": "00:21:19", "text": "like think about all the great investors"}, {"start": "00:21:17", "end": "00:21:20", "text": "all of them will basically say just buy"}, {"start": "00:21:19", "end": "00:21:22", "text": "index funds and forget about it. is"}, {"start": "00:21:20", "end": "00:21:24", "text": "because trying to time this stuff is"}, {"start": "00:21:22", "end": "00:21:28", "text": "very difficult. And even when you see"}, {"start": "00:21:24", "end": "00:21:30", "text": "the correction coming and the rally back"}, {"start": "00:21:28", "end": "00:21:31", "text": "up to highs to the highs coming, still"}, {"start": "00:21:30", "end": "00:21:34", "text": "doesn't make it any easier to navigate"}, {"start": "00:21:31", "end": "00:21:36", "text": "because it's all about waiting for this"}, {"start": "00:21:34", "end": "00:21:37", "text": "thing to play out. So, those are my"}, {"start": "00:21:36", "end": "00:21:38", "text": "thoughts. If you guys like the content,"}, {"start": "00:21:37", "end": "00:21:40", "text": "make sure you subscribe to the channel,"}, {"start": "00:21:38", "end": "00:21:41", "text": "give the video a thumbs up. If you want"}, {"start": "00:21:40", "end": "00:21:43", "text": "even more insight, I would encourage you"}, {"start": "00:21:41", "end": "00:21:44", "text": "to check out ITC Premium. Links in the"}, {"start": "00:21:43", "end": "00:21:46", "text": "description below. We have a sale going"}, {"start": "00:21:44", "end": "00:21:48", "text": "on. Make sure to lock and lower rate."}, {"start": "00:21:46", "end": "00:21:50", "text": "Thank you guys for tuning in. Also check"}, {"start": "00:21:48", "end": "00:21:53", "text": "out Benjamin.com as well. I'll see you"}, {"start": "00:21:50", "end": "00:21:53", "text": "guys next time."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "I don't need to look at the business"}, {"start": "00:00:02", "end": "00:00:05", "text": "cycle chart. I don't need to look at the"}, {"start": "00:00:03", "end": "00:00:09", "text": "unemployment rate or inflation or"}, {"start": "00:00:05", "end": "00:00:12", "text": "anything like that to think that Bitcoin"}, {"start": "00:00:09", "end": "00:00:15", "text": "could drop 70% from the highs in from a"}, {"start": "00:00:12", "end": "00:00:17", "text": "top in a post having year because that's"}, {"start": "00:00:15", "end": "00:00:20", "text": "what it normally does. We can pretend"}, {"start": "00:00:17", "end": "00:00:22", "text": "like it doesn't and you know people can"}, {"start": "00:00:20", "end": "00:00:24", "text": "sit around and gaslight their followers"}, {"start": "00:00:22", "end": "00:00:26", "text": "and pretend like that the people that"}, {"start": "00:00:24", "end": "00:00:28", "text": "say that are doomers, but the reality is"}, {"start": "00:00:26", "end": "00:00:32", "text": "is they've been wrong for a long time."}, {"start": "00:00:28", "end": "00:00:36", "text": "Okay? And if Bitcoin does drop 70% from"}, {"start": "00:00:32", "end": "00:00:37", "text": "the highs, those guys will not I mean"}, {"start": "00:00:36", "end": "00:00:39", "text": "they'll just they'll just say the same"}, {"start": "00:00:37", "end": "00:00:41", "text": "thing they always buy the dip by you"}, {"start": "00:00:39", "end": "00:00:43", "text": "know they there's a difference between"}, {"start": "00:00:41", "end": "00:00:44", "text": "an analyst and a price cheerleader and I"}, {"start": "00:00:43", "end": "00:00:47", "text": "think everyone deserves to know the"}, {"start": "00:00:44", "end": "00:00:47", "text": "difference."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Some of the indicators that I'm talking"}, {"start": "00:00:01", "end": "00:00:06", "text": "about are are things like the supply of"}, {"start": "00:00:04", "end": "00:00:07", "text": "Bitcoin in profit or loss, right? Like"}, {"start": "00:00:06", "end": "00:00:11", "text": "normally market cycle bottoms for"}, {"start": "00:00:07", "end": "00:00:14", "text": "Bitcoin occur after this metric crosses."}, {"start": "00:00:11", "end": "00:00:17", "text": "If you look at the MVRV Z-score,"}, {"start": "00:00:14", "end": "00:00:18", "text": "it market cycle lows tend to occur after"}, {"start": "00:00:17", "end": "00:00:21", "text": "this goes below zero and that hasn't"}, {"start": "00:00:18", "end": "00:00:23", "text": "happened yet. If you look at things like"}, {"start": "00:00:21", "end": "00:00:25", "text": "the balance price and the realized price"}, {"start": "00:00:23", "end": "00:00:27", "text": "of Bitcoin, historically market cycle"}, {"start": "00:00:25", "end": "00:00:29", "text": "lows occur after Bitcoin goes both below"}, {"start": "00:00:27", "end": "00:00:30", "text": "the realized price and the balance"}, {"start": "00:00:29", "end": "00:00:32", "text": "price. You can see that's what happened"}, {"start": "00:00:30", "end": "00:00:35", "text": "in 2011. It's what happened here in"}, {"start": "00:00:32", "end": "00:00:38", "text": "2015. It's what happened in 2018 and in"}, {"start": "00:00:35", "end": "00:00:40", "text": "2020 and in 2022 and it just it hasn't"}, {"start": "00:00:38", "end": "00:00:40", "text": "happened yet."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:11", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:15", "text": "and we're going to dive into the"}, {"start": "00:00:11", "end": "00:00:19", "text": "difference between a realistic view of"}, {"start": "00:00:15", "end": "00:00:21", "text": "the bare market and a doomer view of the"}, {"start": "00:00:19", "end": "00:00:23", "text": "bare market. If you guys like the"}, {"start": "00:00:21", "end": "00:00:25", "text": "content, make sure you subscribe to the"}, {"start": "00:00:23", "end": "00:00:27", "text": "channel, give the video a thumbs up, and"}, {"start": "00:00:25", "end": "00:00:30", "text": "also check out the sale on Into the"}, {"start": "00:00:27", "end": "00:00:32", "text": "Cryptoverse Premium at into the"}, {"start": "00:00:30", "end": "00:00:36", "text": "cryptoverse.com."}, {"start": "00:00:32", "end": "00:00:38", "text": "So, last year in the fourth quarter of"}, {"start": "00:00:36", "end": "00:00:40", "text": "2025,"}, {"start": "00:00:38", "end": "00:00:42", "text": "I said that Bitcoin had likely topped"}, {"start": "00:00:40", "end": "00:00:44", "text": "out at $126,000"}, {"start": "00:00:42", "end": "00:00:47", "text": "and that we were likely entering into a"}, {"start": "00:00:44", "end": "00:00:53", "text": "bare market that would probably last"}, {"start": "00:00:47", "end": "00:00:56", "text": "around a year. And what I said is that a"}, {"start": "00:00:53", "end": "00:01:00", "text": "realistic view for Bitcoin, not a doomer"}, {"start": "00:00:56", "end": "00:01:04", "text": "view, but a realistic view would be that"}, {"start": "00:01:00", "end": "00:01:06", "text": "Bitcoin would drop approximately"}, {"start": "00:01:04", "end": "00:01:11", "text": "70%."}, {"start": "00:01:06", "end": "00:01:14", "text": "plus or minus four or 5% from the highs,"}, {"start": "00:01:11", "end": "00:01:17", "text": "but that after a 50% drop, we would"}, {"start": "00:01:14", "end": "00:01:23", "text": "likely stall out there for a while in"}, {"start": "00:01:17", "end": "00:01:26", "text": "route to the larger drop. Okay. Now,"}, {"start": "00:01:23", "end": "00:01:28", "text": "in my mind, and my mind again is"}, {"start": "00:01:26", "end": "00:01:34", "text": "different than other people's, right?"}, {"start": "00:01:28", "end": "00:01:36", "text": "But in my mind, calling for a 70% drop"}, {"start": "00:01:34", "end": "00:01:40", "text": "approximately"}, {"start": "00:01:36", "end": "00:01:43", "text": "should not be considered a doomer view."}, {"start": "00:01:40", "end": "00:01:46", "text": "And we will talk about what a doomer"}, {"start": "00:01:43", "end": "00:01:48", "text": "view would look like. But in my mind,"}, {"start": "00:01:46", "end": "00:01:52", "text": "that should not constitute being a"}, {"start": "00:01:48", "end": "00:01:54", "text": "doomer. It would constitute being"}, {"start": "00:01:52", "end": "00:01:57", "text": "realistic"}, {"start": "00:01:54", "end": "00:02:00", "text": "about price expectations."}, {"start": "00:01:57", "end": "00:02:04", "text": "And one of the reasons why it would make"}, {"start": "00:02:00", "end": "00:02:06", "text": "sense to be of the mind that Bitcoin"}, {"start": "00:02:04", "end": "00:02:09", "text": "entered into a bare market back then and"}, {"start": "00:02:06", "end": "00:02:12", "text": "is likely still in one even if we do go"}, {"start": "00:02:09", "end": "00:02:15", "text": "up a little bit more is just looking at"}, {"start": "00:02:12", "end": "00:02:18", "text": "how similar the cycles really have been."}, {"start": "00:02:15", "end": "00:02:20", "text": "And one of the common things you'll see"}, {"start": "00:02:18", "end": "00:02:22", "text": "now is a lot of people say, \"Well,"}, {"start": "00:02:20", "end": "00:02:24", "text": "Bitcoin can't go down because everyone"}, {"start": "00:02:22", "end": "00:02:27", "text": "thinks it's going to.\" But I mean, in Q4"}, {"start": "00:02:24", "end": "00:02:28", "text": "of last year, people said the same"}, {"start": "00:02:27", "end": "00:02:29", "text": "thing. They said, \"Well, Bitcoin can't"}, {"start": "00:02:28", "end": "00:02:31", "text": "top because everyone thinks it's going"}, {"start": "00:02:29", "end": "00:02:33", "text": "to.\" And then it topped anyways. But if"}, {"start": "00:02:31", "end": "00:02:36", "text": "you look at the ROI of Bitcoin from the"}, {"start": "00:02:33", "end": "00:02:37", "text": "low and just kind of look at the last"}, {"start": "00:02:36", "end": "00:02:40", "text": "three cycles, they were all effectively"}, {"start": "00:02:37", "end": "00:02:42", "text": "the same length within within one week"}, {"start": "00:02:40", "end": "00:02:44", "text": "of each other as measured from the low"}, {"start": "00:02:42", "end": "00:02:47", "text": "to the high. And then if you extend that"}, {"start": "00:02:44", "end": "00:02:48", "text": "out to the next low, you can see that,"}, {"start": "00:02:47", "end": "00:02:50", "text": "you know, it would still put the the"}, {"start": "00:02:48", "end": "00:02:53", "text": "sort of the market cycle bottom of"}, {"start": "00:02:50", "end": "00:02:56", "text": "Bitcoin several months away. I've said"}, {"start": "00:02:53", "end": "00:02:57", "text": "it could happen as early as May, but I I"}, {"start": "00:02:56", "end": "00:02:59", "text": "wouldn't argue that it's my base case."}, {"start": "00:02:57", "end": "00:03:01", "text": "It could become my base case if we get a"}, {"start": "00:02:59", "end": "00:03:04", "text": "quick capitulation between now and then,"}, {"start": "00:03:01", "end": "00:03:05", "text": "but it's not my base case right now. You"}, {"start": "00:03:04", "end": "00:03:10", "text": "know, my base case is it'll happen later"}, {"start": "00:03:05", "end": "00:03:12", "text": "on. Now when you look at Bitcoin's bare"}, {"start": "00:03:10", "end": "00:03:15", "text": "markets that it has entered into at the"}, {"start": "00:03:12", "end": "00:03:17", "text": "end of prior posth having years you can"}, {"start": "00:03:15", "end": "00:03:18", "text": "see and some of them were not and this"}, {"start": "00:03:17", "end": "00:03:22", "text": "one was not the end of post having year"}, {"start": "00:03:18", "end": "00:03:25", "text": "that was about a 94% drop the next one"}, {"start": "00:03:22", "end": "00:03:28", "text": "in 2014 was about an 87% drop the next"}, {"start": "00:03:25", "end": "00:03:31", "text": "one was about an 84% drop and then the"}, {"start": "00:03:28", "end": "00:03:36", "text": "next one was about an 80 or sorry a 77%"}, {"start": "00:03:31", "end": "00:03:39", "text": "drop so Bitcoin has already seen"}, {"start": "00:03:36", "end": "00:03:41", "text": "drops"}, {"start": "00:03:39", "end": "00:03:45", "text": "in the range that we're talking about."}, {"start": "00:03:41", "end": "00:03:48", "text": "And what I'm saying is from the highs,"}, {"start": "00:03:45", "end": "00:03:50", "text": "you know, a 65% drop from the highs puts"}, {"start": "00:03:48", "end": "00:03:53", "text": "you at around 42,000."}, {"start": "00:03:50", "end": "00:03:58", "text": "Um, a 75% drop would put you at at"}, {"start": "00:03:53", "end": "00:04:00", "text": "around 30 31,000 or so. So, 30 31k,"}, {"start": "00:03:58", "end": "00:04:01", "text": "something like that. Depends on exactly"}, {"start": "00:04:00", "end": "00:04:03", "text": "where you measure it and what exchange"}, {"start": "00:04:01", "end": "00:04:05", "text": "you're using."}, {"start": "00:04:03", "end": "00:04:07", "text": "To me,"}, {"start": "00:04:05", "end": "00:04:11", "text": "that doesn't seem like that crazy of an"}, {"start": "00:04:07", "end": "00:04:13", "text": "idea. But there are a lot of people that"}, {"start": "00:04:11", "end": "00:04:17", "text": "would essentially say that that is a"}, {"start": "00:04:13", "end": "00:04:22", "text": "doomer view on the market despite the"}, {"start": "00:04:17", "end": "00:04:25", "text": "view just being in line with prior bare"}, {"start": "00:04:22", "end": "00:04:27", "text": "markets. Now there is a valid criticism"}, {"start": "00:04:25", "end": "00:04:31", "text": "and the valid criticism is that if we"}, {"start": "00:04:27", "end": "00:04:35", "text": "did not top on Euphoria like all the"}, {"start": "00:04:31", "end": "00:04:38", "text": "prior major tops then why do we have to"}, {"start": "00:04:35", "end": "00:04:43", "text": "have a 70% drop? Is it possible that"}, {"start": "00:04:38", "end": "00:04:46", "text": "it's just a 50% drop? It is possible but"}, {"start": "00:04:43", "end": "00:04:49", "text": "I would put the odds of the low being in"}, {"start": "00:04:46", "end": "00:04:52", "text": "at maybe around 25%. I'm not saying it's"}, {"start": "00:04:49", "end": "00:04:54", "text": "impossible. The best evidence for the"}, {"start": "00:04:52", "end": "00:04:57", "text": "low being in would be if you compare"}, {"start": "00:04:54", "end": "00:05:00", "text": "this bare market to the one in 2019."}, {"start": "00:04:57", "end": "00:05:02", "text": "It's kind of extended. It's had that 50%"}, {"start": "00:05:00", "end": "00:05:04", "text": "drop, that 52 to 53% drop just like it"}, {"start": "00:05:02", "end": "00:05:07", "text": "did back then. And then the market"}, {"start": "00:05:04", "end": "00:05:11", "text": "started to rally for a little bit."}, {"start": "00:05:07", "end": "00:05:14", "text": "The problem is that while I don't expect"}, {"start": "00:05:11", "end": "00:05:17", "text": "a pandemic to occur that would lead to a"}, {"start": "00:05:14", "end": "00:05:20", "text": "massive capitulation, I do think that"}, {"start": "00:05:17", "end": "00:05:22", "text": "the United States is likely heading"}, {"start": "00:05:20", "end": "00:05:24", "text": "towards a recession. I just don't think"}, {"start": "00:05:22", "end": "00:05:25", "text": "it's going to be induced by a pandemic"}, {"start": "00:05:24", "end": "00:05:26", "text": "is the difference, right? I don't think"}, {"start": "00:05:25", "end": "00:05:29", "text": "it's going to I don't think the"}, {"start": "00:05:26", "end": "00:05:31", "text": "unemployment rate is going to go to 15%"}, {"start": "00:05:29", "end": "00:05:34", "text": "overnight, right? But I do think the"}, {"start": "00:05:31", "end": "00:05:36", "text": "unemployment rate structurally is going"}, {"start": "00:05:34", "end": "00:05:38", "text": "to continue trending higher. And real"}, {"start": "00:05:36", "end": "00:05:41", "text": "GDP"}, {"start": "00:05:38", "end": "00:05:43", "text": "just came in for Q4 of 2025 and it came"}, {"start": "00:05:41", "end": "00:05:47", "text": "in at half a percent. Right? We're"}, {"start": "00:05:43", "end": "00:05:50", "text": "already almost negative."}, {"start": "00:05:47", "end": "00:05:54", "text": "In fact, if you look at the labor"}, {"start": "00:05:50", "end": "00:05:57", "text": "market, we go take a look at at the"}, {"start": "00:05:54", "end": "00:06:00", "text": "employment level and you look at the"}, {"start": "00:05:57", "end": "00:06:02", "text": "year-over-year percentage change in the"}, {"start": "00:06:00", "end": "00:06:05", "text": "establishment survey, it is almost"}, {"start": "00:06:02", "end": "00:06:07", "text": "negative. And historically, when it"}, {"start": "00:06:05", "end": "00:06:09", "text": "going when it does go negative, that"}, {"start": "00:06:07", "end": "00:06:13", "text": "does correspond to recessions in the"}, {"start": "00:06:09", "end": "00:06:15", "text": "United States. So, I'm not saying that"}, {"start": "00:06:13", "end": "00:06:17", "text": "Bitcoin is going to follow exactly how"}, {"start": "00:06:15", "end": "00:06:19", "text": "it played out in 2019 because I don't"}, {"start": "00:06:17", "end": "00:06:22", "text": "think we're going to have a pandemic"}, {"start": "00:06:19", "end": "00:06:25", "text": "that induces a recession, but I do think"}, {"start": "00:06:22", "end": "00:06:27", "text": "there will be a recession because that's"}, {"start": "00:06:25", "end": "00:06:30", "text": "what happens at the end of business"}, {"start": "00:06:27", "end": "00:06:33", "text": "cycles. And again, if you look at the"}, {"start": "00:06:30", "end": "00:06:36", "text": "ITC business cycle chart, that kind of"}, {"start": "00:06:33", "end": "00:06:38", "text": "helps communicate what like where we are"}, {"start": "00:06:36", "end": "00:06:40", "text": "in the business cycle. Like it this is a"}, {"start": "00:06:38", "end": "00:06:46", "text": "late business cycle environment. similar"}, {"start": "00:06:40", "end": "00:06:48", "text": "to 2019, similar to 20 uh 2007 and 2000"}, {"start": "00:06:46", "end": "00:06:52", "text": "2000, 2001"}, {"start": "00:06:48", "end": "00:06:57", "text": "um 1989 and and the list goes on and on."}, {"start": "00:06:52", "end": "00:06:59", "text": "1980 uh 1974, 1969, right? This in my"}, {"start": "00:06:57", "end": "00:07:02", "text": "opinion, this is a late business cycle"}, {"start": "00:06:59", "end": "00:07:06", "text": "environment. But the argument that I"}, {"start": "00:07:02", "end": "00:07:09", "text": "have made for a 70% drop from the top is"}, {"start": "00:07:06", "end": "00:07:12", "text": "just Bitcoin doing what it always does"}, {"start": "00:07:09", "end": "00:07:15", "text": "in bare markets, dropping about 70%."}, {"start": "00:07:12", "end": "00:07:18", "text": "Or more. And what's interesting is we"}, {"start": "00:07:15", "end": "00:07:20", "text": "know that Bitcoin also topped on apathy"}, {"start": "00:07:18", "end": "00:07:24", "text": "in 2019."}, {"start": "00:07:20", "end": "00:07:28", "text": "And you can see it did drop about 50%"}, {"start": "00:07:24", "end": "00:07:30", "text": "from the highs. But the recession low,"}, {"start": "00:07:28", "end": "00:07:31", "text": "even though we topped on apathy in the"}, {"start": "00:07:30", "end": "00:07:35", "text": "late business cycle environment, the"}, {"start": "00:07:31", "end": "00:07:38", "text": "recession low was about a 70% drop from"}, {"start": "00:07:35", "end": "00:07:42", "text": "the high. So, Bitcoin has already shown"}, {"start": "00:07:38", "end": "00:07:46", "text": "us that it's capable of dropping 70%"}, {"start": "00:07:42", "end": "00:07:47", "text": "from a nonuporic top. I'm not suggesting"}, {"start": "00:07:46", "end": "00:07:50", "text": "again that we're going to have a"}, {"start": "00:07:47", "end": "00:07:54", "text": "pandemic that's going to cause this. But"}, {"start": "00:07:50", "end": "00:07:55", "text": "what I am saying is that, you know, just"}, {"start": "00:07:54", "end": "00:07:57", "text": "because you don't have a pandemic to"}, {"start": "00:07:55", "end": "00:07:59", "text": "induce a recession doesn't mean we're"}, {"start": "00:07:57", "end": "00:08:01", "text": "not going to have a recession. We are"}, {"start": "00:07:59", "end": "00:08:04", "text": "already trending in that direction. I"}, {"start": "00:08:01", "end": "00:08:06", "text": "mean, the labor market is weak under the"}, {"start": "00:08:04", "end": "00:08:09", "text": "surface. It's just that initial claims"}, {"start": "00:08:06", "end": "00:08:11", "text": "are low, layoffs are low. That's low,"}, {"start": "00:08:09", "end": "00:08:14", "text": "but everything else is very weak. Hiring"}, {"start": "00:08:11", "end": "00:08:16", "text": "is weak. job openings are are really"}, {"start": "00:08:14", "end": "00:08:17", "text": "weak, right? And I mean, I'll just pull"}, {"start": "00:08:16", "end": "00:08:20", "text": "up hires, right? If you want to see what"}, {"start": "00:08:17", "end": "00:08:23", "text": "hires looks like. Um, look at this."}, {"start": "00:08:20", "end": "00:08:25", "text": "Hiring is plummeting right now. So, the"}, {"start": "00:08:23", "end": "00:08:28", "text": "labor market's weak. It's just a matter"}, {"start": "00:08:25", "end": "00:08:32", "text": "of time before we see it in the layoff"}, {"start": "00:08:28", "end": "00:08:34", "text": "data. And the layoffs will happen after"}, {"start": "00:08:32", "end": "00:08:35", "text": "the stock market goes down and stays"}, {"start": "00:08:34", "end": "00:08:37", "text": "down. as long as the stock market"}, {"start": "00:08:35", "end": "00:08:39", "text": "continues to rally back up to all-time"}, {"start": "00:08:37", "end": "00:08:42", "text": "highs, layoffs likely aren't going to to"}, {"start": "00:08:39", "end": "00:08:44", "text": "begin uh that in a way that really"}, {"start": "00:08:42", "end": "00:08:46", "text": "affects the data. But once the stock"}, {"start": "00:08:44", "end": "00:08:50", "text": "market starts to drop, that's likely"}, {"start": "00:08:46", "end": "00:08:51", "text": "where you'll see that spill over into uh"}, {"start": "00:08:50", "end": "00:08:53", "text": "the layoff data. That that's where it'll"}, {"start": "00:08:51", "end": "00:08:55", "text": "likely start to spill over because those"}, {"start": "00:08:53", "end": "00:08:57", "text": "companies that are taking huge hits on"}, {"start": "00:08:55", "end": "00:08:58", "text": "their valuations in order to please"}, {"start": "00:08:57", "end": "00:09:00", "text": "their shareholders, they'll lay people"}, {"start": "00:08:58", "end": "00:09:03", "text": "off because that's one way that you can"}, {"start": "00:09:00", "end": "00:09:04", "text": "reduce cost is to lay people off. It's"}, {"start": "00:09:03", "end": "00:09:08", "text": "sad, right? But I mean that's just the"}, {"start": "00:09:04", "end": "00:09:12", "text": "way that's the way it works. Um so when"}, {"start": "00:09:08", "end": "00:09:15", "text": "I talk about Bitcoin dropping 70% from"}, {"start": "00:09:12", "end": "00:09:17", "text": "the highs approximately plus or - 5%."}, {"start": "00:09:15", "end": "00:09:19", "text": "That's not a doom or take right. I mean"}, {"start": "00:09:17", "end": "00:09:20", "text": "that's just basically saying look what"}, {"start": "00:09:19", "end": "00:09:22", "text": "if Bitcoin just does what it always"}, {"start": "00:09:20", "end": "00:09:24", "text": "does. You know like and I know some"}, {"start": "00:09:22", "end": "00:09:26", "text": "people have said well you know it's"}, {"start": "00:09:24", "end": "00:09:28", "text": "impossible for Bitcoin to drop back down"}, {"start": "00:09:26", "end": "00:09:30", "text": "to where it was when the ETFs launched,"}, {"start": "00:09:28", "end": "00:09:32", "text": "right? But I know I know some people"}, {"start": "00:09:30", "end": "00:09:36", "text": "think that it could never it could never"}, {"start": "00:09:32", "end": "00:09:38", "text": "do that which was essentially around 42"}, {"start": "00:09:36", "end": "00:09:40", "text": "48k right I think this was the wick on"}, {"start": "00:09:38", "end": "00:09:42", "text": "the ETF launch it went all the way up to"}, {"start": "00:09:40", "end": "00:09:44", "text": "48k but I'll show you something"}, {"start": "00:09:42", "end": "00:09:47", "text": "interesting"}, {"start": "00:09:44", "end": "00:09:49", "text": "related to that if you look at the QQQ"}, {"start": "00:09:47", "end": "00:09:53", "text": "the QQQ launched in a late business"}, {"start": "00:09:49", "end": "00:09:58", "text": "cycle environment in 1999 and guess what"}, {"start": "00:09:53", "end": "00:10:01", "text": "it launched at around 48 Bitcoin was was"}, {"start": "00:09:58", "end": "00:10:02", "text": "around 48K and guess what the QQQ did"}, {"start": "00:10:01", "end": "00:10:06", "text": "after it launched. Right? You can see"}, {"start": "00:10:02", "end": "00:10:10", "text": "right here around 48 49 rallied all the"}, {"start": "00:10:06", "end": "00:10:14", "text": "way up to guess what 120. What did"}, {"start": "00:10:10", "end": "00:10:18", "text": "Bitcoin go to? 126 126K."}, {"start": "00:10:14", "end": "00:10:20", "text": "You got a big drop. Market return to"}, {"start": "00:10:18", "end": "00:10:23", "text": "normal for a while. Draw people back in."}, {"start": "00:10:20", "end": "00:10:27", "text": "you get your recession and then the QQQ"}, {"start": "00:10:23", "end": "00:10:30", "text": "eventually went below where the initial"}, {"start": "00:10:27", "end": "00:10:32", "text": "ETF launched at, right? You can see that"}, {"start": "00:10:30", "end": "00:10:34", "text": "pretty clearly. It went below where it"}, {"start": "00:10:32", "end": "00:10:38", "text": "launched at and it ended up bottoming"}, {"start": "00:10:34", "end": "00:10:42", "text": "out all the way down at 19."}, {"start": "00:10:38", "end": "00:10:46", "text": "So, you can't say to me that calling for"}, {"start": "00:10:42", "end": "00:10:49", "text": "a 70% drop is a doom or take because"}, {"start": "00:10:46", "end": "00:10:52", "text": "it's literally just doing what Bitcoin"}, {"start": "00:10:49", "end": "00:10:56", "text": "has always done."}, {"start": "00:10:52", "end": "00:10:59", "text": "Now, at this moment, that is my view. Uh"}, {"start": "00:10:56", "end": "00:11:02", "text": "my view is just that Bitcoin has about a"}, {"start": "00:10:59", "end": "00:11:04", "text": "70% drop from the highs. We had our 50%"}, {"start": "00:11:02", "end": "00:11:06", "text": "drop already. Doesn't make sense to be"}, {"start": "00:11:04", "end": "00:11:08", "text": "as deterministically bearish as it did"}, {"start": "00:11:06", "end": "00:11:10", "text": "in Q4. I'm not asking you to go panic"}, {"start": "00:11:08", "end": "00:11:11", "text": "sell or anything like that. As I said"}, {"start": "00:11:10", "end": "00:11:13", "text": "previously, I think the the time if"}, {"start": "00:11:11", "end": "00:11:15", "text": "you're going to sell crypto, the time to"}, {"start": "00:11:13", "end": "00:11:18", "text": "do so was Q4 of last year. I made that"}, {"start": "00:11:15", "end": "00:11:20", "text": "pretty clear uh back then."}, {"start": "00:11:18", "end": "00:11:23", "text": "But"}, {"start": "00:11:20", "end": "00:11:27", "text": "we also have to be aware of what the"}, {"start": "00:11:23", "end": "00:11:29", "text": "doomer view is so that we can articulate"}, {"start": "00:11:27", "end": "00:11:32", "text": "what is the difference between the"}, {"start": "00:11:29", "end": "00:11:34", "text": "bearish view and a realistic view versus"}, {"start": "00:11:32", "end": "00:11:38", "text": "what an actual doomer view would look"}, {"start": "00:11:34", "end": "00:11:42", "text": "like. So, what I'm going to do now is"}, {"start": "00:11:38", "end": "00:11:45", "text": "I'm going to walk you through a doomer"}, {"start": "00:11:42", "end": "00:11:47", "text": "view, which is not currently my base"}, {"start": "00:11:45", "end": "00:11:50", "text": "case, but it'll be something we watch as"}, {"start": "00:11:47", "end": "00:11:52", "text": "the business cycle plays out. All right,"}, {"start": "00:11:50", "end": "00:11:55", "text": "so again, we've talked about the base"}, {"start": "00:11:52", "end": "00:11:57", "text": "case and all this exists without even"}, {"start": "00:11:55", "end": "00:12:00", "text": "looking at business cycles, right? I"}, {"start": "00:11:57", "end": "00:12:01", "text": "don't need to look at the business cycle"}, {"start": "00:12:00", "end": "00:12:03", "text": "chart. I don't need to look at the"}, {"start": "00:12:01", "end": "00:12:04", "text": "unemployment rate or inflation or"}, {"start": "00:12:03", "end": "00:12:07", "text": "anything like that."}, {"start": "00:12:04", "end": "00:12:11", "text": "to think that Bitcoin could drop 70%"}, {"start": "00:12:07", "end": "00:12:13", "text": "from the highs in from a top in a posth"}, {"start": "00:12:11", "end": "00:12:16", "text": "having year because that's what it"}, {"start": "00:12:13", "end": "00:12:17", "text": "normally does. We can pretend like it"}, {"start": "00:12:16", "end": "00:12:20", "text": "doesn't and you know people can sit"}, {"start": "00:12:17", "end": "00:12:21", "text": "around and gaslight their followers and"}, {"start": "00:12:20", "end": "00:12:24", "text": "pretend like that the people that say"}, {"start": "00:12:21", "end": "00:12:26", "text": "that are doomers, but the reality is is"}, {"start": "00:12:24", "end": "00:12:29", "text": "they've been wrong for a long time."}, {"start": "00:12:26", "end": "00:12:33", "text": "Okay? And if Bitcoin does drop 70% from"}, {"start": "00:12:29", "end": "00:12:34", "text": "the highs, those guys will not I mean"}, {"start": "00:12:33", "end": "00:12:36", "text": "they'll just they'll just say the same"}, {"start": "00:12:34", "end": "00:12:38", "text": "thing they always buy the dip by you"}, {"start": "00:12:36", "end": "00:12:40", "text": "know they there's a difference between"}, {"start": "00:12:38", "end": "00:12:42", "text": "an analyst and a price cheerleader and I"}, {"start": "00:12:40", "end": "00:12:45", "text": "think everyone deserves to know the"}, {"start": "00:12:42", "end": "00:12:47", "text": "difference. So we've talked about a"}, {"start": "00:12:45", "end": "00:12:49", "text": "realistic view. All right, we've talked"}, {"start": "00:12:47", "end": "00:12:51", "text": "about a realistic view. Now I want to"}, {"start": "00:12:49", "end": "00:12:52", "text": "talk to you about what the doomer view"}, {"start": "00:12:51", "end": "00:12:56", "text": "is. Not to say that this is what's going"}, {"start": "00:12:52", "end": "00:13:01", "text": "to happen, but just to show you the"}, {"start": "00:12:56", "end": "00:13:04", "text": "difference. The realistic view, 70%."}, {"start": "00:13:01", "end": "00:13:06", "text": "Here's the doomer view. The doomer view"}, {"start": "00:13:04", "end": "00:13:09", "text": "is looking at the stock market against"}, {"start": "00:13:06", "end": "00:13:11", "text": "the money supply. All right? And I've"}, {"start": "00:13:09", "end": "00:13:12", "text": "talked about this before and we've"}, {"start": "00:13:11", "end": "00:13:14", "text": "mentioned it many, many times, and it"}, {"start": "00:13:12", "end": "00:13:17", "text": "continues to play out almost perfectly."}, {"start": "00:13:14", "end": "00:13:19", "text": "And I keep thinking it's not going to,"}, {"start": "00:13:17", "end": "00:13:22", "text": "but the fact that it keeps playing out"}, {"start": "00:13:19", "end": "00:13:26", "text": "makes me a little worried. If you look"}, {"start": "00:13:22", "end": "00:13:29", "text": "at how this played out in 1996"}, {"start": "00:13:26", "end": "00:13:32", "text": "into the dotcom recession,"}, {"start": "00:13:29", "end": "00:13:34", "text": "what you'll see is that it lines up"}, {"start": "00:13:32", "end": "00:13:36", "text": "perfectly"}, {"start": "00:13:34", "end": "00:13:40", "text": "with this business cycle,"}, {"start": "00:13:36", "end": "00:13:42", "text": "almost an exact match."}, {"start": "00:13:40", "end": "00:13:45", "text": "When the stock market dropped about 10%"}, {"start": "00:13:42", "end": "00:13:49", "text": "in late 2023, it occurred as the long"}, {"start": "00:13:45", "end": "00:13:49", "text": "end of the yield curve rallied."}, {"start": "00:13:50", "end": "00:13:59", "text": "Why did it happen in the late 90s?"}, {"start": "00:13:55", "end": "00:14:01", "text": "I don't know. I couldn't tell you what"}, {"start": "00:13:59", "end": "00:14:04", "text": "that drop right there corresponded to."}, {"start": "00:14:01", "end": "00:14:06", "text": "Couldn't tell you, but I know that it"}, {"start": "00:14:04", "end": "00:14:10", "text": "lined up exactly with the drop that I"}, {"start": "00:14:06", "end": "00:14:13", "text": "just mentioned. In 2025, the stock"}, {"start": "00:14:10", "end": "00:14:15", "text": "market dropped 20%. And it occurred"}, {"start": "00:14:13", "end": "00:14:17", "text": "right around tariffs."}, {"start": "00:14:15", "end": "00:14:19", "text": "We called for a drop back then. If you"}, {"start": "00:14:17", "end": "00:14:21", "text": "go look at my videos, I said we looked"}, {"start": "00:14:19", "end": "00:14:23", "text": "at this chart and we said, \"Look, stock"}, {"start": "00:14:21", "end": "00:14:26", "text": "market's going to drop 20%.\""}, {"start": "00:14:23", "end": "00:14:28", "text": "February and early to mid April. And it"}, {"start": "00:14:26", "end": "00:14:30", "text": "did. You know, I did. I mean, I I don't"}, {"start": "00:14:28", "end": "00:14:32", "text": "make many b bold claims about the stock"}, {"start": "00:14:30", "end": "00:14:34", "text": "market very frequently, but it did. And"}, {"start": "00:14:32", "end": "00:14:35", "text": "we dropped 20%. And then we said, \"All"}, {"start": "00:14:34", "end": "00:14:38", "text": "right, well, now we're probably going to"}, {"start": "00:14:35", "end": "00:14:40", "text": "rally back to all-time highs.\" And then"}, {"start": "00:14:38", "end": "00:14:42", "text": "in February of this year, I said, \"We're"}, {"start": "00:14:40", "end": "00:14:44", "text": "likely going to drop about 10%.\" And we"}, {"start": "00:14:42", "end": "00:14:47", "text": "did."}, {"start": "00:14:44", "end": "00:14:49", "text": "Here's the problem. This is where things"}, {"start": "00:14:47", "end": "00:14:53", "text": "get tricky for"}, {"start": "00:14:49", "end": "00:14:56", "text": "predicting markets. Okay,"}, {"start": "00:14:53", "end": "00:14:58", "text": "if the stock market were to play out"}, {"start": "00:14:56", "end": "00:15:00", "text": "like this, which I honestly hope it"}, {"start": "00:14:58", "end": "00:15:03", "text": "doesn't, I I would prefer the stock"}, {"start": "00:15:00", "end": "00:15:05", "text": "market does not sweep the prior highs"}, {"start": "00:15:03", "end": "00:15:06", "text": "and just kind of rolls over, goes down,"}, {"start": "00:15:05", "end": "00:15:08", "text": "we get a nice reset and then we continue"}, {"start": "00:15:06", "end": "00:15:09", "text": "on our bull market. That's what I hope"}, {"start": "00:15:08", "end": "00:15:11", "text": "happens and that's what I'm sort of"}, {"start": "00:15:09", "end": "00:15:14", "text": "rooting what I'm sort of rooting for to"}, {"start": "00:15:11", "end": "00:15:16", "text": "happen. But a good analyst doesn't just"}, {"start": "00:15:14", "end": "00:15:19", "text": "consider one scenario, but they look at"}, {"start": "00:15:16", "end": "00:15:23", "text": "multiple scenarios. And if this were to"}, {"start": "00:15:19", "end": "00:15:27", "text": "play out, what you'll notice is that the"}, {"start": "00:15:23", "end": "00:15:29", "text": "low here, the next big drop, well, you"}, {"start": "00:15:27", "end": "00:15:31", "text": "might get a drop in August, but the next"}, {"start": "00:15:29", "end": "00:15:34", "text": "big drop back down to where we currently"}, {"start": "00:15:31", "end": "00:15:37", "text": "are would actually correspond to October"}, {"start": "00:15:34", "end": "00:15:40", "text": "of 2026."}, {"start": "00:15:37", "end": "00:15:42", "text": "So, here's the issue."}, {"start": "00:15:40", "end": "00:15:44", "text": "What if the stock market does sweep the"}, {"start": "00:15:42", "end": "00:15:46", "text": "highs in, say, September? Because this"}, {"start": "00:15:44", "end": "00:15:47", "text": "is what this fractal would call for. It"}, {"start": "00:15:46", "end": "00:15:49", "text": "would cause it would say we could even"}, {"start": "00:15:47", "end": "00:15:51", "text": "sweep the highs still putting in new"}, {"start": "00:15:49", "end": "00:15:54", "text": "all-time highs by September of 2026."}, {"start": "00:15:51", "end": "00:15:56", "text": "It's not impossible, right? I mean, if"}, {"start": "00:15:54", "end": "00:15:57", "text": "you look at what the stock market has"}, {"start": "00:15:56", "end": "00:16:00", "text": "done previously,"}, {"start": "00:15:57", "end": "00:16:03", "text": "um, if you look at what it did in uh,"}, {"start": "00:16:00", "end": "00:16:06", "text": "2018, Trump was president as well. Guess"}, {"start": "00:16:03", "end": "00:16:07", "text": "what it did? The stock market put in a"}, {"start": "00:16:06", "end": "00:16:10", "text": "high at the very beginning of the year"}, {"start": "00:16:07", "end": "00:16:13", "text": "and then it swept the high in September"}, {"start": "00:16:10", "end": "00:16:16", "text": "and then we got a big sell-off. See"}, {"start": "00:16:13", "end": "00:16:19", "text": "that? in September."}, {"start": "00:16:16", "end": "00:16:23", "text": "If you look at the.com era, it's"}, {"start": "00:16:19", "end": "00:16:25", "text": "basically reversed. So the lows are in"}, {"start": "00:16:23", "end": "00:16:29", "text": "October."}, {"start": "00:16:25", "end": "00:16:31", "text": "The lows, this is October of 98,"}, {"start": "00:16:29", "end": "00:16:35", "text": "October of 99."}, {"start": "00:16:31", "end": "00:16:35", "text": "And the high"}, {"start": "00:16:37", "end": "00:16:44", "text": "right here is March, April time frame."}, {"start": "00:16:42", "end": "00:16:48", "text": "Think about that. It's reverse of what's"}, {"start": "00:16:44", "end": "00:16:51", "text": "happening today. So we have October,"}, {"start": "00:16:48", "end": "00:16:54", "text": "October,"}, {"start": "00:16:51", "end": "00:16:56", "text": "March, April"}, {"start": "00:16:54", "end": "00:16:58", "text": "for the high. So October, October,"}, {"start": "00:16:56", "end": "00:17:03", "text": "March."}, {"start": "00:16:58", "end": "00:17:06", "text": "If you look today, it's reverse."}, {"start": "00:17:03", "end": "00:17:08", "text": "It's"}, {"start": "00:17:06", "end": "00:17:11", "text": "here we have it."}, {"start": "00:17:08", "end": "00:17:13", "text": "March is the low, right? March, April."}, {"start": "00:17:11", "end": "00:17:15", "text": "And if the high ends up being say"}, {"start": "00:17:13", "end": "00:17:19", "text": "September and then you get a big"}, {"start": "00:17:15", "end": "00:17:19", "text": "capitulation in October,"}, {"start": "00:17:20", "end": "00:17:23", "text": "this is the issue that I'm talking"}, {"start": "00:17:21", "end": "00:17:25", "text": "about. And so, so this is the doomer"}, {"start": "00:17:23", "end": "00:17:27", "text": "view. And I don't know if you can see it"}, {"start": "00:17:25", "end": "00:17:30", "text": "yet, but this is the doomer view. The"}, {"start": "00:17:27", "end": "00:17:33", "text": "doomer view is that Bitcoin"}, {"start": "00:17:30", "end": "00:17:35", "text": "continues to just stay in traffic on"}, {"start": "00:17:33", "end": "00:17:38", "text": "struggle street. Stuck in traffic on"}, {"start": "00:17:35", "end": "00:17:39", "text": "struggle street. Gets a rally to the"}, {"start": "00:17:38", "end": "00:17:41", "text": "bare market resistance band. maybe even"}, {"start": "00:17:39", "end": "00:17:43", "text": "gets above it but gets rejected. And on"}, {"start": "00:17:41", "end": "00:17:46", "text": "a future drop by the stock market,"}, {"start": "00:17:43", "end": "00:17:49", "text": "Bitcoin gets to being 70% down from the"}, {"start": "00:17:46", "end": "00:17:52", "text": "highs"}, {"start": "00:17:49", "end": "00:17:54", "text": "and maybe it's at 40K. I don't know"}, {"start": "00:17:52", "end": "00:17:56", "text": "exactly, but somewhere around there"}, {"start": "00:17:54", "end": "00:17:58", "text": "4050."}, {"start": "00:17:56", "end": "00:18:00", "text": "What if that corresponds to that stock"}, {"start": "00:17:58", "end": "00:18:02", "text": "market low?"}, {"start": "00:18:00", "end": "00:18:04", "text": "Everyone buys in because it's October of"}, {"start": "00:18:02", "end": "00:18:07", "text": "2026"}, {"start": "00:18:04", "end": "00:18:11", "text": "and that people think that's the low."}, {"start": "00:18:07", "end": "00:18:14", "text": "everyone piles in by the end of the year"}, {"start": "00:18:11", "end": "00:18:17", "text": "and then the recession finally arrives."}, {"start": "00:18:14", "end": "00:18:20", "text": "That's the doomer view, right? Where the"}, {"start": "00:18:17", "end": "00:18:22", "text": "low for Bitcoin"}, {"start": "00:18:20", "end": "00:18:25", "text": "that everyone thinks is a doomer view of"}, {"start": "00:18:22", "end": "00:18:30", "text": "just getting a 70% drop ends up just"}, {"start": "00:18:25", "end": "00:18:32", "text": "simply being, you know, like a low"}, {"start": "00:18:30", "end": "00:18:34", "text": "before the actual stock market really"}, {"start": "00:18:32", "end": "00:18:36", "text": "starts to drop. Now again, is it"}, {"start": "00:18:34", "end": "00:18:39", "text": "possible for the stock market to drop"}, {"start": "00:18:36", "end": "00:18:41", "text": "for 2 years like it did back then? I"}, {"start": "00:18:39", "end": "00:18:44", "text": "don't know. I mean, I know that it did"}, {"start": "00:18:41", "end": "00:18:47", "text": "it in like the 70s and 80s, right? Like"}, {"start": "00:18:44", "end": "00:18:50", "text": "you would get bare markets that lasted"}, {"start": "00:18:47", "end": "00:18:54", "text": "for 2 years, right? This was December of"}, {"start": "00:18:50", "end": "00:18:58", "text": "68 until like June of 7 1970 and January"}, {"start": "00:18:54", "end": "00:19:02", "text": "of 73 till October of 74."}, {"start": "00:18:58", "end": "00:19:06", "text": "You know, could it last that long?"}, {"start": "00:19:02", "end": "00:19:10", "text": "I hope not, right? I hope not. So, what"}, {"start": "00:19:06", "end": "00:19:14", "text": "I'm looking for this year is"}, {"start": "00:19:10", "end": "00:19:18", "text": "for Bitcoin to have about that 70% drop,"}, {"start": "00:19:14", "end": "00:19:20", "text": "plus or minus 5% from the highs."}, {"start": "00:19:18", "end": "00:19:22", "text": "That should be good enough for me."}, {"start": "00:19:20", "end": "00:19:26", "text": "That's a realistic view. It's not a"}, {"start": "00:19:22", "end": "00:19:26", "text": "doomer view. It's not."}, {"start": "00:19:28", "end": "00:19:33", "text": "But"}, {"start": "00:19:30", "end": "00:19:36", "text": "we need to be aware of what the market"}, {"start": "00:19:33", "end": "00:19:38", "text": "could theoretically do if that fractal"}, {"start": "00:19:36", "end": "00:19:40", "text": "continues to play out, which again, I"}, {"start": "00:19:38", "end": "00:19:43", "text": "would assume it won't, right? Like I I"}, {"start": "00:19:40", "end": "00:19:46", "text": "would assume it won't, but I can't sit"}, {"start": "00:19:43", "end": "00:19:48", "text": "here and pretend like I'm going to, you"}, {"start": "00:19:46", "end": "00:19:50", "text": "know, like it doesn't exist. You know, I"}, {"start": "00:19:48", "end": "00:19:52", "text": "can't sit here and pretend like I don't"}, {"start": "00:19:50", "end": "00:19:55", "text": "remember what happened in 2018"}, {"start": "00:19:52", "end": "00:19:56", "text": "where the stock market had a high in the"}, {"start": "00:19:55", "end": "00:19:58", "text": "early part of the year, rallied above it"}, {"start": "00:19:56", "end": "00:20:00", "text": "in September, and then got a drop. The"}, {"start": "00:19:58", "end": "00:20:02", "text": "problem is is like what if back over"}, {"start": "00:20:00", "end": "00:20:05", "text": "here in 2018 when it dropped, it didn't"}, {"start": "00:20:02", "end": "00:20:07", "text": "induce a recession. What if the stock"}, {"start": "00:20:05", "end": "00:20:09", "text": "market does this, right, where it kind"}, {"start": "00:20:07", "end": "00:20:12", "text": "of just, you know, hangs out up here,"}, {"start": "00:20:09", "end": "00:20:14", "text": "puts in a high in September, drops, but"}, {"start": "00:20:12", "end": "00:20:15", "text": "then it does induce a recession because"}, {"start": "00:20:14", "end": "00:20:18", "text": "the labor market is a lot weaker now"}, {"start": "00:20:15", "end": "00:20:19", "text": "than it was in 2018. So instead of"}, {"start": "00:20:18", "end": "00:20:21", "text": "bouncing right back to all-time highs,"}, {"start": "00:20:19", "end": "00:20:23", "text": "you know what? If it just bounces back"}, {"start": "00:20:21", "end": "00:20:27", "text": "up and then continues to go down, that"}, {"start": "00:20:23", "end": "00:20:29", "text": "is the doomer view for for Bitcoin,"}, {"start": "00:20:27", "end": "00:20:31", "text": "right?"}, {"start": "00:20:29", "end": "00:20:34", "text": "And I just want to be clear,"}, {"start": "00:20:31", "end": "00:20:36", "text": "that's not my base case right now. I I"}, {"start": "00:20:34", "end": "00:20:39", "text": "what I think is I'm expressing an"}, {"start": "00:20:36", "end": "00:20:40", "text": "optimistic view. Even though I know a"}, {"start": "00:20:39", "end": "00:20:43", "text": "lot of people might think that sounds"}, {"start": "00:20:40", "end": "00:20:46", "text": "crazy, I think I'm expressing an"}, {"start": "00:20:43", "end": "00:20:50", "text": "optimistic view for Bitcoin by saying"}, {"start": "00:20:46", "end": "00:20:51", "text": "70%. Because again, when the QQQ"}, {"start": "00:20:50", "end": "00:20:53", "text": "launched, and here's the thing, a lot of"}, {"start": "00:20:51", "end": "00:20:58", "text": "people think ETFs mean that that the"}, {"start": "00:20:53", "end": "00:21:02", "text": "asset can't go down, theatic ETFs launch"}, {"start": "00:20:58", "end": "00:21:03", "text": "near the end of multi-year bull markets,"}, {"start": "00:21:02", "end": "00:21:05", "text": "right? They don't launch at the"}, {"start": "00:21:03", "end": "00:21:09", "text": "beginning because it takes a multi-year"}, {"start": "00:21:05", "end": "00:21:11", "text": "bull market for people to care so much"}, {"start": "00:21:09", "end": "00:21:13", "text": "about that asset to want to want to"}, {"start": "00:21:11", "end": "00:21:17", "text": "launch a thematic ETF in the first"}, {"start": "00:21:13", "end": "00:21:22", "text": "place. So, if the QQQ"}, {"start": "00:21:17", "end": "00:21:24", "text": "can go from 48 to 120 and then drop to"}, {"start": "00:21:22", "end": "00:21:26", "text": "19,"}, {"start": "00:21:24", "end": "00:21:30", "text": "you can't tell me that just saying"}, {"start": "00:21:26", "end": "00:21:32", "text": "Bitcoin might drop 70% is a doomer view."}, {"start": "00:21:30", "end": "00:21:34", "text": "I'm saying, hey, I don't think it'll be"}, {"start": "00:21:32", "end": "00:21:36", "text": "this bad. And one of the reasons I don't"}, {"start": "00:21:34", "end": "00:21:40", "text": "think it'll be that bad is because this"}, {"start": "00:21:36", "end": "00:21:44", "text": "low lined up with a midterm year, and"}, {"start": "00:21:40", "end": "00:21:48", "text": "midterm years are the weakest years."}, {"start": "00:21:44", "end": "00:21:50", "text": "If that low were to happen again, then"}, {"start": "00:21:48", "end": "00:21:54", "text": "we would have to have a major bare"}, {"start": "00:21:50", "end": "00:21:57", "text": "market in 2027, which historically is"}, {"start": "00:21:54", "end": "00:22:01", "text": "the strongest year for the stock market"}, {"start": "00:21:57", "end": "00:22:05", "text": "on average. Like if you look at the"}, {"start": "00:22:01", "end": "00:22:07", "text": "year-to- date ROI of the stock market on"}, {"start": "00:22:05", "end": "00:22:09", "text": "average and you look at say election"}, {"start": "00:22:07", "end": "00:22:12", "text": "years and post-election years and"}, {"start": "00:22:09", "end": "00:22:14", "text": "midterm years and then you overlay"}, {"start": "00:22:12", "end": "00:22:16", "text": "pre-election years, pre-election years"}, {"start": "00:22:14", "end": "00:22:20", "text": "are the strongest years for the stock"}, {"start": "00:22:16", "end": "00:22:22", "text": "market. So I don't like I I don't think"}, {"start": "00:22:20", "end": "00:22:24", "text": "it's going to play out like what I just"}, {"start": "00:22:22", "end": "00:22:27", "text": "showed you. But what I'm saying is it's"}, {"start": "00:22:24", "end": "00:22:30", "text": "not unrealistic"}, {"start": "00:22:27", "end": "00:22:32", "text": "for the market to go back down to those"}, {"start": "00:22:30", "end": "00:22:35", "text": "prices."}, {"start": "00:22:32", "end": "00:22:37", "text": "Bitcoin has already given back all of"}, {"start": "00:22:35", "end": "00:22:39", "text": "its gains since the current"}, {"start": "00:22:37", "end": "00:22:41", "text": "administration took office. Again, I'm"}, {"start": "00:22:39", "end": "00:22:44", "text": "not trying to talk about politics here,"}, {"start": "00:22:41", "end": "00:22:47", "text": "but it is a fact. And I'm not here to"}, {"start": "00:22:44", "end": "00:22:49", "text": "make you feel good or to affirm your"}, {"start": "00:22:47", "end": "00:22:52", "text": "feelings. I'm here to show, you know, to"}, {"start": "00:22:49", "end": "00:22:53", "text": "show you what's happening. And if"}, {"start": "00:22:52", "end": "00:22:55", "text": "Bitcoin"}, {"start": "00:22:53", "end": "00:22:58", "text": "can"}, {"start": "00:22:55", "end": "00:23:01", "text": "Bitcoin when this administration took"}, {"start": "00:22:58", "end": "00:23:03", "text": "office was at 109,000"}, {"start": "00:23:01", "end": "00:23:07", "text": "109K"}, {"start": "00:23:03", "end": "00:23:10", "text": "and it is down since then it is down"}, {"start": "00:23:07", "end": "00:23:10", "text": "35%."}, {"start": "00:23:10", "end": "00:23:16", "text": "If Bitcoin can retrace all of its gains,"}, {"start": "00:23:16", "end": "00:23:21", "text": "why can't the S&P 500? Which, if that's"}, {"start": "00:23:19", "end": "00:23:24", "text": "true,"}, {"start": "00:23:21", "end": "00:23:27", "text": "the S&P 500 when the new administration"}, {"start": "00:23:24", "end": "00:23:29", "text": "took office was at around 6,100, which"}, {"start": "00:23:27", "end": "00:23:32", "text": "would reflect an eventual another 10%"}, {"start": "00:23:29", "end": "00:23:34", "text": "drop from the current levels just to get"}, {"start": "00:23:32", "end": "00:23:37", "text": "back down to those levels, which I"}, {"start": "00:23:34", "end": "00:23:40", "text": "honestly think will likely happen."}, {"start": "00:23:37", "end": "00:23:43", "text": "So, there's the bearish view that just"}, {"start": "00:23:40", "end": "00:23:47", "text": "says, \"Hey, 70% drop. Don't call me a"}, {"start": "00:23:43", "end": "00:23:50", "text": "doomer, call me realistic.\""}, {"start": "00:23:47", "end": "00:23:54", "text": "The doomer view"}, {"start": "00:23:50", "end": "00:23:56", "text": "is that we go to where the ETF launched"}, {"start": "00:23:54", "end": "00:24:00", "text": "like the QQQ"}, {"start": "00:23:56", "end": "00:24:03", "text": "and instead of finding support at 48, we"}, {"start": "00:24:00", "end": "00:24:05", "text": "just go below it"}, {"start": "00:24:03", "end": "00:24:08", "text": "or 40K, right? Instead of finding"}, {"start": "00:24:05", "end": "00:24:09", "text": "support, you go below it. And one of the"}, {"start": "00:24:08", "end": "00:24:12", "text": "reasons why"}, {"start": "00:24:09", "end": "00:24:14", "text": "I don't think it's quite that bad is"}, {"start": "00:24:12", "end": "00:24:16", "text": "because Bitcoin has already spent a lot"}, {"start": "00:24:14", "end": "00:24:18", "text": "of time, you know, at at a lot of these"}, {"start": "00:24:16", "end": "00:24:23", "text": "prices, right? Like it's not like I"}, {"start": "00:24:18", "end": "00:24:27", "text": "mean, Bitcoin was at 20K hell in 2017,"}, {"start": "00:24:23", "end": "00:24:31", "text": "you know, it was at 20K in uh 2020. It"}, {"start": "00:24:27", "end": "00:24:33", "text": "was at 20K in 2022 and, you know, in"}, {"start": "00:24:31", "end": "00:24:36", "text": "2023."}, {"start": "00:24:33", "end": "00:24:37", "text": "So it's not like the QQQ in the sense of"}, {"start": "00:24:36", "end": "00:24:39", "text": "like it hasn't exp it it hasn't it's"}, {"start": "00:24:37", "end": "00:24:42", "text": "already spent a lot of time at those"}, {"start": "00:24:39", "end": "00:24:44", "text": "prices. So"}, {"start": "00:24:42", "end": "00:24:48", "text": "that's the realistic view and it could"}, {"start": "00:24:44", "end": "00:24:50", "text": "be the doomer view that makes people"}, {"start": "00:24:48", "end": "00:24:53", "text": "miss out on the realistic view. So"}, {"start": "00:24:50", "end": "00:24:56", "text": "imagine this. Imagine a lot of people"}, {"start": "00:24:53", "end": "00:24:59", "text": "spend the last 6 months calling the"}, {"start": "00:24:56", "end": "00:25:01", "text": "realistic view the doomer view and"}, {"start": "00:24:59", "end": "00:25:04", "text": "they're holding Bitcoin and and they're"}, {"start": "00:25:01", "end": "00:25:07", "text": "watching it drop and they don't, you"}, {"start": "00:25:04", "end": "00:25:08", "text": "know, they're still bullish and they"}, {"start": "00:25:07", "end": "00:25:10", "text": "stay bullish and it drops again and"}, {"start": "00:25:08", "end": "00:25:12", "text": "they're like, \"Oh man, like, okay, well,"}, {"start": "00:25:10", "end": "00:25:15", "text": "let me stay bullish.\" Imagine if it goes"}, {"start": "00:25:12", "end": "00:25:17", "text": "off and maybe if it drops again, these"}, {"start": "00:25:15", "end": "00:25:19", "text": "guys are going to feel bad and they're"}, {"start": "00:25:17", "end": "00:25:21", "text": "going to start believing in the doom"}, {"start": "00:25:19", "end": "00:25:22", "text": "review and they're going to miss out on"}, {"start": "00:25:21", "end": "00:25:25", "text": "what they said was the doom review"}, {"start": "00:25:22", "end": "00:25:28", "text": "because they're going to think now that"}, {"start": "00:25:25", "end": "00:25:30", "text": "oh the whole world is falling apart. So"}, {"start": "00:25:28", "end": "00:25:31", "text": "I'm here to say that usually what"}, {"start": "00:25:30", "end": "00:25:35", "text": "happens is the people that will"}, {"start": "00:25:31", "end": "00:25:37", "text": "eventually, you know, believe the doomer"}, {"start": "00:25:35", "end": "00:25:39", "text": "view are usually the people that have"}, {"start": "00:25:37", "end": "00:25:41", "text": "completely the inability to see it in"}, {"start": "00:25:39", "end": "00:25:44", "text": "the first place. I'm showing it to you"}, {"start": "00:25:41", "end": "00:25:47", "text": "now. I'm showing you the doomer view now"}, {"start": "00:25:44", "end": "00:25:50", "text": "so that you can better appreciate the"}, {"start": "00:25:47", "end": "00:25:53", "text": "realistic view because if Bitcoin drops"}, {"start": "00:25:50", "end": "00:25:56", "text": "70% from the high,"}, {"start": "00:25:53", "end": "00:25:58", "text": "history is going to say it's a good time"}, {"start": "00:25:56", "end": "00:26:00", "text": "to buy. That's what history will say."}, {"start": "00:25:58", "end": "00:26:02", "text": "But it will feel uncomfortable,"}, {"start": "00:26:00", "end": "00:26:04", "text": "especially knowing what the doom review"}, {"start": "00:26:02", "end": "00:26:05", "text": "is if the fractal continues to play out"}, {"start": "00:26:04", "end": "00:26:07", "text": "with the S&P divided by the money"}, {"start": "00:26:05", "end": "00:26:09", "text": "supply."}, {"start": "00:26:07", "end": "00:26:14", "text": "One thing that I could like I would like"}, {"start": "00:26:09", "end": "00:26:16", "text": "to see is if by the end of this year if"}, {"start": "00:26:14", "end": "00:26:18", "text": "the"}, {"start": "00:26:16", "end": "00:26:20", "text": "business cycle has reset that would give"}, {"start": "00:26:18", "end": "00:26:23", "text": "me some confidence. Right? So if you"}, {"start": "00:26:20", "end": "00:26:25", "text": "look at at the business cycle chart if"}, {"start": "00:26:23", "end": "00:26:27", "text": "this is completely reset back down to"}, {"start": "00:26:25", "end": "00:26:30", "text": "the lows"}, {"start": "00:26:27", "end": "00:26:33", "text": "that would give me some confidence."}, {"start": "00:26:30", "end": "00:26:36", "text": "If the liquidity risk dashboard"}, {"start": "00:26:33", "end": "00:26:40", "text": "liquidity risk were reset back down to"}, {"start": "00:26:36", "end": "00:26:44", "text": "the lows like in 2008 and in 2020 that"}, {"start": "00:26:40", "end": "00:26:44", "text": "would give me confidence."}, {"start": "00:26:44", "end": "00:26:55", "text": "What do we do? What do I do if Bitcoin"}, {"start": "00:26:49", "end": "00:26:56", "text": "is at 40K 50K? It's October 2026"}, {"start": "00:26:55", "end": "00:26:59", "text": "and we're still in a late business cycle"}, {"start": "00:26:56", "end": "00:27:00", "text": "environment."}, {"start": "00:26:59", "end": "00:27:03", "text": "probably bite the bullet and buy Bitcoin"}, {"start": "00:27:00", "end": "00:27:05", "text": "anyways to be completely honest. But I"}, {"start": "00:27:03", "end": "00:27:06", "text": "would be lying to you if I pretended"}, {"start": "00:27:05", "end": "00:27:08", "text": "like I wouldn't still be staring at this"}, {"start": "00:27:06", "end": "00:27:12", "text": "chart whenever it's gonna happen. So"}, {"start": "00:27:08", "end": "00:27:15", "text": "again, I'm going to not focus on the"}, {"start": "00:27:12", "end": "00:27:16", "text": "doomer view. I've shown it to you,"}, {"start": "00:27:15", "end": "00:27:19", "text": "right? I've shown it to you. I'm not"}, {"start": "00:27:16", "end": "00:27:23", "text": "going to focus on it. I'm focusing on a"}, {"start": "00:27:19", "end": "00:27:27", "text": "realistic view, a realistic bare case"}, {"start": "00:27:23", "end": "00:27:29", "text": "for Bitcoin. And if you think that I'm"}, {"start": "00:27:27", "end": "00:27:30", "text": "being too bearish and you feel like"}, {"start": "00:27:29", "end": "00:27:32", "text": "there's a lot of indicators out there"}, {"start": "00:27:30", "end": "00:27:34", "text": "that that prove me wrong, I just want"}, {"start": "00:27:32", "end": "00:27:36", "text": "you to consider a couple of things,"}, {"start": "00:27:34", "end": "00:27:40", "text": "okay? A few things, a few a few charts"}, {"start": "00:27:36", "end": "00:27:42", "text": "that I think are worthwhile to consider."}, {"start": "00:27:40", "end": "00:27:45", "text": "All right, one is the supply and profit"}, {"start": "00:27:42", "end": "00:27:47", "text": "or loss for Bitcoin. All major lows by"}, {"start": "00:27:45", "end": "00:27:50", "text": "Bitcoin in the past have occurred after"}, {"start": "00:27:47", "end": "00:27:53", "text": "these two metrics crossed. They haven't"}, {"start": "00:27:50", "end": "00:27:55", "text": "crossed yet. Okay,"}, {"start": "00:27:53", "end": "00:28:00", "text": "exhibit A."}, {"start": "00:27:55", "end": "00:28:03", "text": "Also, if you look at the realized price"}, {"start": "00:28:00", "end": "00:28:06", "text": "and the balance price of Bitcoin, all"}, {"start": "00:28:03", "end": "00:28:09", "text": "major market cycle lows occurred after"}, {"start": "00:28:06", "end": "00:28:12", "text": "Bitcoin went below the realized price"}, {"start": "00:28:09", "end": "00:28:15", "text": "and the balance price. You can see it"}, {"start": "00:28:12", "end": "00:28:18", "text": "happened in 2011 and 2015 and 2018 and"}, {"start": "00:28:15", "end": "00:28:21", "text": "even in 2020 and in 2022. And guess"}, {"start": "00:28:18", "end": "00:28:25", "text": "what? Right now"}, {"start": "00:28:21", "end": "00:28:29", "text": "the realized price for Bitcoin"}, {"start": "00:28:25", "end": "00:28:32", "text": "is around 54K but the balance price"}, {"start": "00:28:29", "end": "00:28:34", "text": "is around 39K"}, {"start": "00:28:32", "end": "00:28:38", "text": "and Bitcoin has always bottomed below"}, {"start": "00:28:34", "end": "00:28:40", "text": "it. So"}, {"start": "00:28:38", "end": "00:28:43", "text": "if we go below those it'd be really hard"}, {"start": "00:28:40", "end": "00:28:44", "text": "for me to remain a bear. I'll look at"}, {"start": "00:28:43", "end": "00:28:48", "text": "the I'll look at the business cycle"}, {"start": "00:28:44", "end": "00:28:50", "text": "chart but you know I got to respect some"}, {"start": "00:28:48", "end": "00:28:52", "text": "other charts too."}, {"start": "00:28:50", "end": "00:28:54", "text": "Can we look at this and be like, \"Yeah,"}, {"start": "00:28:52", "end": "00:28:56", "text": "this time is different just because we"}, {"start": "00:28:54", "end": "00:28:58", "text": "want it to be different.\" What if it's"}, {"start": "00:28:56", "end": "00:29:00", "text": "not different? Like, what if what if the"}, {"start": "00:28:58", "end": "00:29:02", "text": "reason Bitcoin ends up dropping below"}, {"start": "00:29:00", "end": "00:29:04", "text": "these levels is because the stock market"}, {"start": "00:29:02", "end": "00:29:07", "text": "ends up dropping again a little bit"}, {"start": "00:29:04", "end": "00:29:12", "text": "later on."}, {"start": "00:29:07", "end": "00:29:15", "text": "That's exhibit B as to why Bitcoin could"}, {"start": "00:29:12", "end": "00:29:17", "text": "continue to show weakness as the year"}, {"start": "00:29:15", "end": "00:29:22", "text": "goes on. And it is a realistic low,"}, {"start": "00:29:17", "end": "00:29:25", "text": "right? Again, it's it's around 70%"}, {"start": "00:29:22", "end": "00:29:28", "text": "plus or minus, right? Plus or minus. If"}, {"start": "00:29:25", "end": "00:29:31", "text": "you look at the year-to- date ROI of"}, {"start": "00:29:28", "end": "00:29:34", "text": "Bitcoin in 2026 and compare it to the"}, {"start": "00:29:31", "end": "00:29:35", "text": "average of prior midterm years, it's"}, {"start": "00:29:34", "end": "00:29:36", "text": "kind of doing what it always does,"}, {"start": "00:29:35", "end": "00:29:38", "text": "right? I mean, it's a little more"}, {"start": "00:29:36", "end": "00:29:42", "text": "elevated now than it normally is, but"}, {"start": "00:29:38", "end": "00:29:45", "text": "this is what it normally does."}, {"start": "00:29:42", "end": "00:29:49", "text": "And you can see that on average by"}, {"start": "00:29:45", "end": "00:29:53", "text": "around Q3 Q4 it's down around 50 50 to"}, {"start": "00:29:49", "end": "00:29:53", "text": "60% from the yearly open."}, {"start": "00:29:55", "end": "00:30:00", "text": "Just showing you guys the idea, right?"}, {"start": "00:29:57", "end": "00:30:03", "text": "It's just the idea. So I feel like"}, {"start": "00:30:00", "end": "00:30:05", "text": "there's plenty of evidence to suggest"}, {"start": "00:30:03", "end": "00:30:08", "text": "that Bitcoin"}, {"start": "00:30:05", "end": "00:30:10", "text": "will eventually go lower this year."}, {"start": "00:30:08", "end": "00:30:12", "text": "Also, if you look at the MVRVZ score,"}, {"start": "00:30:10", "end": "00:30:15", "text": "all major lows by Bitcoin have occurred"}, {"start": "00:30:12", "end": "00:30:18", "text": "when the MVRVZ score was below zero, and"}, {"start": "00:30:15", "end": "00:30:19", "text": "it hasn't gone below zero yet. So, I"}, {"start": "00:30:18", "end": "00:30:20", "text": "know you're going to find some"}, {"start": "00:30:19", "end": "00:30:23", "text": "indicators that say Bitcoin has"}, {"start": "00:30:20", "end": "00:30:26", "text": "bottomed, but I could find just as many,"}, {"start": "00:30:23", "end": "00:30:28", "text": "if not more, to suggest why it hasn't."}, {"start": "00:30:26", "end": "00:30:31", "text": "And so, when these indicators show a"}, {"start": "00:30:28", "end": "00:30:33", "text": "low, I think at that point, it'll make"}, {"start": "00:30:31", "end": "00:30:36", "text": "sense to say, all right, we've had the"}, {"start": "00:30:33", "end": "00:30:39", "text": "bare market, the realistic bare case has"}, {"start": "00:30:36", "end": "00:30:41", "text": "played out. Now we can come at this with"}, {"start": "00:30:39", "end": "00:30:44", "text": "a level head. We're not the guys that"}, {"start": "00:30:41", "end": "00:30:47", "text": "faded the whole bare market because they"}, {"start": "00:30:44", "end": "00:30:49", "text": "were too they were too invested in in"}, {"start": "00:30:47", "end": "00:30:52", "text": "the narrative they wanted to believe. We"}, {"start": "00:30:49", "end": "00:30:55", "text": "come at it from a position of strength"}, {"start": "00:30:52", "end": "00:30:57", "text": "because we faded the bare market."}, {"start": "00:30:55", "end": "00:31:01", "text": "That's how I'm trying to think about it,"}, {"start": "00:30:57", "end": "00:31:03", "text": "right? Like if I fade the bare market"}, {"start": "00:31:01", "end": "00:31:06", "text": "and maybe that's not the right way to"}, {"start": "00:31:03", "end": "00:31:08", "text": "say it. If I believe the bare market was"}, {"start": "00:31:06", "end": "00:31:10", "text": "actually coming last year, which I did,"}, {"start": "00:31:08", "end": "00:31:11", "text": "and stay bearish through the midterm"}, {"start": "00:31:10", "end": "00:31:13", "text": "year, then by the end of the midterm"}, {"start": "00:31:11", "end": "00:31:16", "text": "year, it's easy to come at it with a"}, {"start": "00:31:13", "end": "00:31:18", "text": "level head. But if you stay bullish for"}, {"start": "00:31:16", "end": "00:31:20", "text": "the entire bare market, how can you come"}, {"start": "00:31:18", "end": "00:31:22", "text": "at it with a level head? You're you're"}, {"start": "00:31:20", "end": "00:31:24", "text": "you're definitely financially"}, {"start": "00:31:22", "end": "00:31:26", "text": "incentivized to believe a certain thing."}, {"start": "00:31:24", "end": "00:31:28", "text": "Whereas if you you're on the right side"}, {"start": "00:31:26", "end": "00:31:29", "text": "of it, then by the end of the year, I"}, {"start": "00:31:28", "end": "00:31:31", "text": "can look at this and be like, \"All"}, {"start": "00:31:29", "end": "00:31:32", "text": "right, if I if I am on, which I maybe"}, {"start": "00:31:31", "end": "00:31:34", "text": "I'm wrong, but if I am on the right side"}, {"start": "00:31:32", "end": "00:31:36", "text": "of it, then I can hopefully have an"}, {"start": "00:31:34", "end": "00:31:38", "text": "objective opinion about it. Objective"}, {"start": "00:31:36", "end": "00:31:40", "text": "opinion, but doesn't really doesn't make"}, {"start": "00:31:38", "end": "00:31:43", "text": "sense. But I think I could at least be"}, {"start": "00:31:40", "end": "00:31:46", "text": "objective in my analysis. I could say,"}, {"start": "00:31:43", "end": "00:31:48", "text": "look, everything looks to be reset. We"}, {"start": "00:31:46", "end": "00:31:50", "text": "have this business cycle stuff we have"}, {"start": "00:31:48", "end": "00:31:52", "text": "to contend with. Maybe it gets worse.\""}, {"start": "00:31:50", "end": "00:31:54", "text": "But even in that case, even if you take"}, {"start": "00:31:52", "end": "00:31:56", "text": "the doomer view, even if you take the"}, {"start": "00:31:54", "end": "00:31:59", "text": "doomer view,"}, {"start": "00:31:56", "end": "00:32:01", "text": "let's say bitcoin goes to 30k, 40k or"}, {"start": "00:31:59", "end": "00:32:05", "text": "something like that. Even if you take"}, {"start": "00:32:01", "end": "00:32:05", "text": "the doomer view and look at the QQQ,"}, {"start": "00:32:06", "end": "00:32:10", "text": "it went back to 20 basically. So I mean,"}, {"start": "00:32:08", "end": "00:32:12", "text": "you know, at that point, if you're"}, {"start": "00:32:10", "end": "00:32:13", "text": "wrong, I don't even know that like it"}, {"start": "00:32:12", "end": "00:32:15", "text": "would be that wrong. I mean, it might be"}, {"start": "00:32:13", "end": "00:32:16", "text": "wrong for a few months. Bitcoin could go"}, {"start": "00:32:15", "end": "00:32:18", "text": "a little bit lower, but I don't know"}, {"start": "00:32:16", "end": "00:32:20", "text": "that it would go that much lower. I"}, {"start": "00:32:18", "end": "00:32:22", "text": "don't think it would. I think that'd be"}, {"start": "00:32:20", "end": "00:32:24", "text": "pretty close to the bottom even if it's"}, {"start": "00:32:22", "end": "00:32:26", "text": "not like the bottom. A lot of this is"}, {"start": "00:32:24", "end": "00:32:28", "text": "more of a timebased thing than a price"}, {"start": "00:32:26", "end": "00:32:29", "text": "based thing. So, I mean, in the short"}, {"start": "00:32:28", "end": "00:32:31", "text": "term, who knows what's going to happen"}, {"start": "00:32:29", "end": "00:32:34", "text": "with Bitcoin. I mean, it certainly could"}, {"start": "00:32:31", "end": "00:32:35", "text": "still uh try to get back up to that that"}, {"start": "00:32:34", "end": "00:32:38", "text": "bare market resistance band. I'm not"}, {"start": "00:32:35", "end": "00:32:40", "text": "going to pretend like it can't. Um, but"}, {"start": "00:32:38", "end": "00:32:45", "text": "I just wanted to show you guys the"}, {"start": "00:32:40", "end": "00:32:47", "text": "difference between the doomer view and"}, {"start": "00:32:45", "end": "00:32:50", "text": "the realistic view. So that later this"}, {"start": "00:32:47", "end": "00:32:52", "text": "year, if the realistic bare view plays"}, {"start": "00:32:50", "end": "00:32:54", "text": "out,"}, {"start": "00:32:52", "end": "00:32:55", "text": "you know what you're fighting against."}, {"start": "00:32:54", "end": "00:32:58", "text": "The reason why it could be hard to buy"}, {"start": "00:32:55", "end": "00:33:02", "text": "Bitcoin will be be because of the doomer"}, {"start": "00:32:58", "end": "00:33:04", "text": "view. And the doomer view will probably"}, {"start": "00:33:02", "end": "00:33:08", "text": "at that point be believed by the people"}, {"start": "00:33:04", "end": "00:33:10", "text": "who think the realistic view now is the"}, {"start": "00:33:08", "end": "00:33:12", "text": "doomer view. So be aware there's a"}, {"start": "00:33:10", "end": "00:33:15", "text": "difference between being a doomer and"}, {"start": "00:33:12", "end": "00:33:17", "text": "being a realist. And I might lose some"}, {"start": "00:33:15", "end": "00:33:19", "text": "subscribers for saying this, but the"}, {"start": "00:33:17", "end": "00:33:22", "text": "people who are doomers are the people"}, {"start": "00:33:19", "end": "00:33:25", "text": "who are anti-science and they believe"}, {"start": "00:33:22", "end": "00:33:27", "text": "that the the earth is flat and they"}, {"start": "00:33:25", "end": "00:33:30", "text": "believe we never went to the moon. Those"}, {"start": "00:33:27", "end": "00:33:32", "text": "are the doomers. Those are the doomers,"}, {"start": "00:33:30", "end": "00:33:33", "text": "not me. Thank you guys for tuning in."}, {"start": "00:33:32", "end": "00:33:37", "text": "Subscribe. Give the video a thumbs up."}, {"start": "00:33:33", "end": "00:33:37", "text": "I'll see you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:01", "end": "00:00:05", "text": "back into the macroverse."}, {"start": "00:00:04", "end": "00:00:08", "text": "Today, we're going to talk about the"}, {"start": "00:00:05", "end": "00:00:10", "text": "most recent CPI report. If you guys like"}, {"start": "00:00:08", "end": "00:00:12", "text": "the content, make sure you subscribe to"}, {"start": "00:00:10", "end": "00:00:14", "text": "the channel, give the video a thumbs up,"}, {"start": "00:00:12", "end": "00:00:16", "text": "and also check out the sale on"}, {"start": "00:00:14", "end": "00:00:19", "text": "IntoTheCryptoverse Premium at"}, {"start": "00:00:16", "end": "00:00:20", "text": "intothecryptoverse.com."}, {"start": "00:00:19", "end": "00:00:24", "text": "Let's go ahead and jump in."}, {"start": "00:00:20", "end": "00:00:27", "text": "It's not like the rise in the or in the"}, {"start": "00:00:24", "end": "00:00:29", "text": "inflation rate was unexpected."}, {"start": "00:00:27", "end": "00:00:32", "text": "Uh I think going into this, consensus"}, {"start": "00:00:29", "end": "00:00:34", "text": "was for the inflation rate to be around"}, {"start": "00:00:32", "end": "00:00:36", "text": "3.3%,"}, {"start": "00:00:34", "end": "00:00:38", "text": "but it is remarkable that it increased"}, {"start": "00:00:36", "end": "00:00:41", "text": "from 2.4"}, {"start": "00:00:38", "end": "00:00:43", "text": "all the way up to 3.3"}, {"start": "00:00:41", "end": "00:00:45", "text": "just in a single month. I mean, it makes"}, {"start": "00:00:43", "end": "00:00:48", "text": "sense given what's happening over in"}, {"start": "00:00:45", "end": "00:00:50", "text": "Iran with the oil crisis and and rising"}, {"start": "00:00:48", "end": "00:00:52", "text": "energy prices, but it does go to show"}, {"start": "00:00:50", "end": "00:00:55", "text": "you just how quickly things can change."}, {"start": "00:00:52", "end": "00:00:58", "text": "One of the things that I've talked about"}, {"start": "00:00:55", "end": "00:01:01", "text": "for a while is the inability of the"}, {"start": "00:00:58", "end": "00:01:05", "text": "Federal Reserve to cut rates in a"}, {"start": "00:01:01", "end": "00:01:08", "text": "weakening labor market could eventually"}, {"start": "00:01:05", "end": "00:01:10", "text": "lead to the checkmate on the Fed that"}, {"start": "00:01:08", "end": "00:01:13", "text": "we've previously talked about, and that"}, {"start": "00:01:10", "end": "00:01:17", "text": "checkmate is essentially characterized"}, {"start": "00:01:13", "end": "00:01:19", "text": "as the Fed being unable to cut into a"}, {"start": "00:01:17", "end": "00:01:21", "text": "weakening economy. And the reason,"}, {"start": "00:01:19", "end": "00:01:23", "text": "again, is because of rising energy price"}, {"start": "00:01:21", "end": "00:01:27", "text": "prices that are driven by supply"}, {"start": "00:01:23", "end": "00:01:30", "text": "constraints in a late business cycle"}, {"start": "00:01:27", "end": "00:01:32", "text": "environment. Now, the reason why I talk"}, {"start": "00:01:30", "end": "00:01:33", "text": "about checkmate,"}, {"start": "00:01:32", "end": "00:01:36", "text": "we're not there yet, but I think we're"}, {"start": "00:01:33", "end": "00:01:39", "text": "heading there, is because when you're"}, {"start": "00:01:36", "end": "00:01:42", "text": "playing chess, you can always defend one"}, {"start": "00:01:39", "end": "00:01:44", "text": "weakness, but if your opponent creates"}, {"start": "00:01:42", "end": "00:01:46", "text": "two weaknesses against you,"}, {"start": "00:01:44", "end": "00:01:48", "text": "you can't defend both, and that's what"}, {"start": "00:01:46", "end": "00:01:51", "text": "leads to checkmate. The Federal Reserve"}, {"start": "00:01:48", "end": "00:01:53", "text": "has a dual mandate. They want to have"}, {"start": "00:01:51", "end": "00:01:56", "text": "maximum employment and price stability."}, {"start": "00:01:53", "end": "00:01:58", "text": "If unemployment rate is going up, the"}, {"start": "00:01:56", "end": "00:02:00", "text": "Fed lowers rates. If inflation rate is"}, {"start": "00:01:58", "end": "00:02:03", "text": "going up, the Fed raises rates. What do"}, {"start": "00:02:00", "end": "00:02:05", "text": "they do when both go up? That is the"}, {"start": "00:02:03", "end": "00:02:08", "text": "dilemma that we're in."}, {"start": "00:02:05", "end": "00:02:10", "text": "The reason why in the short term, you"}, {"start": "00:02:08", "end": "00:02:12", "text": "could argue that we haven't yet reached"}, {"start": "00:02:10", "end": "00:02:14", "text": "checkmate, which is what then causes the"}, {"start": "00:02:12", "end": "00:02:18", "text": "recession, the reason we haven't reached"}, {"start": "00:02:14", "end": "00:02:21", "text": "it yet is because the labor market"}, {"start": "00:02:18", "end": "00:02:24", "text": "has remained resilient despite"}, {"start": "00:02:21", "end": "00:02:25", "text": "underlying weakness. Okay? And we'll"}, {"start": "00:02:24", "end": "00:02:26", "text": "talk about that in a few minutes. But in"}, {"start": "00:02:25", "end": "00:02:29", "text": "the short term, the inflation rate is"}, {"start": "00:02:26", "end": "00:02:32", "text": "now at 3.3%. All right?"}, {"start": "00:02:29", "end": "00:02:34", "text": "Now, if we go to per category, this is"}, {"start": "00:02:32", "end": "00:02:37", "text": "just headline, food and beverage"}, {"start": "00:02:34", "end": "00:02:39", "text": "inflation still not not too crazy,"}, {"start": "00:02:37", "end": "00:02:40", "text": "housing inflation still moderately"}, {"start": "00:02:39", "end": "00:02:43", "text": "coming down,"}, {"start": "00:02:40", "end": "00:02:45", "text": "um and this makes a up up a large part"}, {"start": "00:02:43", "end": "00:02:46", "text": "of the CPI, so the fact that it came"}, {"start": "00:02:45", "end": "00:02:49", "text": "down, it has continued to come down and"}, {"start": "00:02:46", "end": "00:02:51", "text": "CPI went up shows you just how much it"}, {"start": "00:02:49", "end": "00:02:54", "text": "went up in other categories. Uh you can"}, {"start": "00:02:51", "end": "00:02:56", "text": "see in the apparel uh area, it's gone up"}, {"start": "00:02:54", "end": "00:02:59", "text": "quite a bit. Also, it's gone up a lot in"}, {"start": "00:02:56", "end": "00:03:00", "text": "transportation the last month. Medical"}, {"start": "00:02:59", "end": "00:03:03", "text": "care still somewhat elevated,"}, {"start": "00:03:00", "end": "00:03:04", "text": "recreation, education and communication"}, {"start": "00:03:03", "end": "00:03:08", "text": "kind of low, and then other goods and"}, {"start": "00:03:04", "end": "00:03:11", "text": "services. So, all in all, inflation has"}, {"start": "00:03:08", "end": "00:03:14", "text": "continued to make the Fed's job very"}, {"start": "00:03:11", "end": "00:03:16", "text": "difficult. Not too long ago, the markets"}, {"start": "00:03:14", "end": "00:03:19", "text": "were expecting the Fed to cut a few"}, {"start": "00:03:16", "end": "00:03:21", "text": "times in 2026, but now you'll notice"}, {"start": "00:03:19", "end": "00:03:23", "text": "that the Fed is essentially unable to do"}, {"start": "00:03:21", "end": "00:03:25", "text": "that according to the markets. Remember,"}, {"start": "00:03:23", "end": "00:03:26", "text": "the markets tell the Fed what to do, not"}, {"start": "00:03:25", "end": "00:03:29", "text": "the other way around. Essentially, the"}, {"start": "00:03:26", "end": "00:03:30", "text": "two-year yield tells the Fed what to do."}, {"start": "00:03:29", "end": "00:03:33", "text": "Now,"}, {"start": "00:03:30", "end": "00:03:35", "text": "there is a 98% chance the Fed holds"}, {"start": "00:03:33", "end": "00:03:38", "text": "rates constant in late April."}, {"start": "00:03:35", "end": "00:03:40", "text": "The Bank of Japan also may raise rates"}, {"start": "00:03:38", "end": "00:03:43", "text": "in late April or sometime this summer if"}, {"start": "00:03:40", "end": "00:03:47", "text": "they don't do it this April. But there's"}, {"start": "00:03:43", "end": "00:03:51", "text": "still over a 90% chance the Fed does not"}, {"start": "00:03:47", "end": "00:03:54", "text": "lower rates until October of this year."}, {"start": "00:03:51", "end": "00:03:55", "text": "Think about that. Over a 90% chance. And"}, {"start": "00:03:54", "end": "00:03:57", "text": "even in October, there's still almost"}, {"start": "00:03:55", "end": "00:03:59", "text": "90% chance."}, {"start": "00:03:57", "end": "00:04:00", "text": "So,"}, {"start": "00:03:59", "end": "00:04:03", "text": "the"}, {"start": "00:04:00", "end": "00:04:06", "text": "energy crisis that we're experiencing"}, {"start": "00:04:03", "end": "00:04:10", "text": "has essentially made it it made it so"}, {"start": "00:04:06", "end": "00:04:13", "text": "that the Fed is unable to lower interest"}, {"start": "00:04:10", "end": "00:04:14", "text": "rates. And the reason why this is an"}, {"start": "00:04:13", "end": "00:04:18", "text": "issue"}, {"start": "00:04:14", "end": "00:04:20", "text": "is because of again, the weakening labor"}, {"start": "00:04:18", "end": "00:04:21", "text": "market. Now, if the if the labor market"}, {"start": "00:04:20", "end": "00:04:23", "text": "were not weakening, it wouldn't really"}, {"start": "00:04:21", "end": "00:04:26", "text": "matter as much, but if you look at the"}, {"start": "00:04:23", "end": "00:04:28", "text": "unemployment rate, the the reason why we"}, {"start": "00:04:26", "end": "00:04:31", "text": "can't yet say checkmate, and it's just"}, {"start": "00:04:28", "end": "00:04:33", "text": "check, is because the unemployment rate"}, {"start": "00:04:31", "end": "00:04:34", "text": "still hasn't really moved a whole lot in"}, {"start": "00:04:33", "end": "00:04:37", "text": "the last 6 months, right? Like it hasn't"}, {"start": "00:04:34", "end": "00:04:40", "text": "really gone up that much, but everywhere"}, {"start": "00:04:37", "end": "00:04:42", "text": "else, you know, if you look at hiring,"}, {"start": "00:04:40", "end": "00:04:44", "text": "that continues to plummet. So, there's a"}, {"start": "00:04:42", "end": "00:04:48", "text": "lot of underlying weakness in the labor"}, {"start": "00:04:44", "end": "00:04:51", "text": "market. Hiring is down, job openings are"}, {"start": "00:04:48", "end": "00:04:53", "text": "down, right? Like all that stuff has"}, {"start": "00:04:51", "end": "00:04:55", "text": "dropped quite a bit, right? You can see"}, {"start": "00:04:53", "end": "00:04:58", "text": "job openings have dropped a lot. But"}, {"start": "00:04:55", "end": "00:05:01", "text": "layoffs remain"}, {"start": "00:04:58", "end": "00:05:03", "text": "relatively subdued. Those have not"}, {"start": "00:05:01", "end": "00:05:05", "text": "really started to materially increase"}, {"start": "00:05:03", "end": "00:05:09", "text": "just yet. But remember,"}, {"start": "00:05:05", "end": "00:05:11", "text": "it is lower asset prices that lead to"}, {"start": "00:05:09", "end": "00:05:13", "text": "layoffs, not layoffs that necessarily"}, {"start": "00:05:11", "end": "00:05:15", "text": "lead to lower asset prices, at least"}, {"start": "00:05:13", "end": "00:05:17", "text": "initially. You can get into a feedback"}, {"start": "00:05:15", "end": "00:05:19", "text": "loop, but initially, it's lower asset"}, {"start": "00:05:17", "end": "00:05:21", "text": "prices that lead to the layoffs, and we"}, {"start": "00:05:19", "end": "00:05:23", "text": "haven't really seen that yet."}, {"start": "00:05:21", "end": "00:05:25", "text": "Obviously, Bitcoin is trading lower than"}, {"start": "00:05:23", "end": "00:05:28", "text": "it was last year, uh but the stock"}, {"start": "00:05:25", "end": "00:05:30", "text": "market is still doing okay. Like it's"}, {"start": "00:05:28", "end": "00:05:34", "text": "not at low enough prices to really"}, {"start": "00:05:30", "end": "00:05:37", "text": "justify that feedback loop just yet. And"}, {"start": "00:05:34", "end": "00:05:39", "text": "who knows how long this can go on for."}, {"start": "00:05:37", "end": "00:05:41", "text": "It's always possible the S&P goes back"}, {"start": "00:05:39", "end": "00:05:45", "text": "to all-time highs. It doesn't have to"}, {"start": "00:05:41", "end": "00:05:47", "text": "happen. In 2022, you know, we had a we"}, {"start": "00:05:45", "end": "00:05:48", "text": "had some pretty impressive rallies by"}, {"start": "00:05:47", "end": "00:05:51", "text": "the stock market after your initial"}, {"start": "00:05:48", "end": "00:05:53", "text": "drop, and it just led to lower highs for"}, {"start": "00:05:51", "end": "00:05:55", "text": "a while. Okay? So, we could be there."}, {"start": "00:05:53", "end": "00:05:56", "text": "But the reason why I want a higher high,"}, {"start": "00:05:55", "end": "00:05:59", "text": "a sweep of the prior high to be on your"}, {"start": "00:05:56", "end": "00:06:03", "text": "radar, is because there are examples in"}, {"start": "00:05:59", "end": "00:06:05", "text": "prior business cycles where, you know,"}, {"start": "00:06:03", "end": "00:06:06", "text": "the market will top, and then it gets a"}, {"start": "00:06:05", "end": "00:06:08", "text": "big drop, and then it just sweeps the"}, {"start": "00:06:06", "end": "00:06:10", "text": "prior all-time high, everyone FOMOs in,"}, {"start": "00:06:08", "end": "00:06:12", "text": "and then the recession arrives. Kind of"}, {"start": "00:06:10", "end": "00:06:15", "text": "the same thing happened in the dot-com"}, {"start": "00:06:12", "end": "00:06:17", "text": "era. In fact, if you look at the S&P 500"}, {"start": "00:06:15", "end": "00:06:19", "text": "divided by the money supply, this"}, {"start": "00:06:17", "end": "00:06:22", "text": "continues to line up perfectly. And I I"}, {"start": "00:06:19", "end": "00:06:26", "text": "don't know why it is just such a perfect"}, {"start": "00:06:22", "end": "00:06:28", "text": "carbon copy, but it is what it is, and"}, {"start": "00:06:26", "end": "00:06:31", "text": "if it changes, I'll let you know, but"}, {"start": "00:06:28", "end": "00:06:33", "text": "for now, basically, this entire business"}, {"start": "00:06:31", "end": "00:06:36", "text": "cycle has played out almost exactly like"}, {"start": "00:06:33", "end": "00:06:38", "text": "it played out from 1996 into 2000, and"}, {"start": "00:06:36", "end": "00:06:40", "text": "you can see that we had sort of that"}, {"start": "00:06:38", "end": "00:06:44", "text": "drop in 2023 that corresponded to the"}, {"start": "00:06:40", "end": "00:06:45", "text": "drop in in like 1997. We had the 1998"}, {"start": "00:06:44", "end": "00:06:47", "text": "drop, which corresponded to the one in"}, {"start": "00:06:45", "end": "00:06:49", "text": "2025. And then this most recent drop"}, {"start": "00:06:47", "end": "00:06:51", "text": "corresponded to the one in 1999. And"}, {"start": "00:06:49", "end": "00:06:53", "text": "then eventually, you had this final"}, {"start": "00:06:51", "end": "00:06:55", "text": "rally where you swept the highs, and"}, {"start": "00:06:53", "end": "00:06:56", "text": "then the recession began. The reason why"}, {"start": "00:06:55", "end": "00:06:58", "text": "I I think it makes sense to be"}, {"start": "00:06:56", "end": "00:07:00", "text": "open-minded that idea, but not be"}, {"start": "00:06:58", "end": "00:07:01", "text": "deterministic that it will play out like"}, {"start": "00:07:00", "end": "00:07:04", "text": "that, is because when you look at the"}, {"start": "00:07:01", "end": "00:07:07", "text": "S&P 500 divided by gold,"}, {"start": "00:07:04", "end": "00:07:11", "text": "what you'll see is that valuations today"}, {"start": "00:07:07", "end": "00:07:15", "text": "are are actually more similar to 1973"}, {"start": "00:07:11", "end": "00:07:18", "text": "and 2008. If you If you look at this,"}, {"start": "00:07:15", "end": "00:07:19", "text": "what you'll see is that the um"}, {"start": "00:07:18", "end": "00:07:21", "text": "if I can get a price level here, the"}, {"start": "00:07:19", "end": "00:07:24", "text": "valuation of the S&P against gold back"}, {"start": "00:07:21", "end": "00:07:26", "text": "in 2000 was like five and a half times."}, {"start": "00:07:24", "end": "00:07:27", "text": "Like S&P was five and a half five and a"}, {"start": "00:07:26", "end": "00:07:27", "text": "half times"}, {"start": "00:07:27", "end": "00:07:30", "text": "uh"}, {"start": "00:07:27", "end": "00:07:31", "text": "what gold was. But today, it's only 1.4,"}, {"start": "00:07:30", "end": "00:07:33", "text": "so"}, {"start": "00:07:31", "end": "00:07:35", "text": "you know, I I don't really know if it if"}, {"start": "00:07:33", "end": "00:07:36", "text": "it's going to play out like 2000, but"}, {"start": "00:07:35", "end": "00:07:38", "text": "we're going to continue to follow that"}, {"start": "00:07:36", "end": "00:07:41", "text": "fractal until it breaks. Also, note that"}, {"start": "00:07:38", "end": "00:07:43", "text": "in 2008 and in 1973, when the stock"}, {"start": "00:07:41", "end": "00:07:46", "text": "market broke down against gold, it did"}, {"start": "00:07:43", "end": "00:07:49", "text": "roughly correspond to to"}, {"start": "00:07:46", "end": "00:07:52", "text": "tops in in the stock market. All right?"}, {"start": "00:07:49", "end": "00:07:54", "text": "So, you can see that um right here, it"}, {"start": "00:07:52", "end": "00:07:57", "text": "corresponded to a top in '73, and then"}, {"start": "00:07:54", "end": "00:07:59", "text": "also corresponded to a a top right there"}, {"start": "00:07:57", "end": "00:08:01", "text": "in 2007-2008."}, {"start": "00:07:59", "end": "00:08:02", "text": "So, just to keep that on your radar,"}, {"start": "00:08:01", "end": "00:08:05", "text": "that's the reason why I continue to look"}, {"start": "00:08:02", "end": "00:08:07", "text": "at this stuff. Um and so like the the"}, {"start": "00:08:05", "end": "00:08:10", "text": "underlying weakness is there in the"}, {"start": "00:08:07", "end": "00:08:11", "text": "labor market, but it's just not obvious"}, {"start": "00:08:10", "end": "00:08:13", "text": "yet because layoffs haven't haven't"}, {"start": "00:08:11", "end": "00:08:16", "text": "picked up. But you can you can see like"}, {"start": "00:08:13", "end": "00:08:18", "text": "when you look at the unemployment rate,"}, {"start": "00:08:16", "end": "00:08:20", "text": "the reason why it goes non-linear, and"}, {"start": "00:08:18", "end": "00:08:22", "text": "why that leads into recessions of the"}, {"start": "00:08:20", "end": "00:08:24", "text": "past, is because you already have a"}, {"start": "00:08:22", "end": "00:08:26", "text": "labor market that's weak, so that when"}, {"start": "00:08:24", "end": "00:08:27", "text": "layoffs pick up,"}, {"start": "00:08:26", "end": "00:08:29", "text": "well, no one's hiring. And that's why"}, {"start": "00:08:27", "end": "00:08:30", "text": "the unemployment rate can go up in a"}, {"start": "00:08:29", "end": "00:08:33", "text": "non-linear fashion, and that's why it"}, {"start": "00:08:30", "end": "00:08:35", "text": "leads to the end of the business cycle,"}, {"start": "00:08:33", "end": "00:08:36", "text": "which would make sense in the sense of"}, {"start": "00:08:35", "end": "00:08:39", "text": "like if you look at the business cycle"}, {"start": "00:08:36", "end": "00:08:40", "text": "chart, the ITC business cycle metric, uh"}, {"start": "00:08:39", "end": "00:08:42", "text": "again, this is just created using the"}, {"start": "00:08:40", "end": "00:08:44", "text": "S&P 500 divided by the unemployment rate"}, {"start": "00:08:42", "end": "00:08:45", "text": "squared multiplied by US interest rates"}, {"start": "00:08:44", "end": "00:08:47", "text": "multiplied by the US inflation rate year"}, {"start": "00:08:45", "end": "00:08:49", "text": "over year normalized by M2, late"}, {"start": "00:08:47", "end": "00:08:51", "text": "business cycle environments typically"}, {"start": "00:08:49", "end": "00:08:53", "text": "bring the onset of the recession. And"}, {"start": "00:08:51", "end": "00:08:55", "text": "there's times like in '07-'08 where you"}, {"start": "00:08:53", "end": "00:08:57", "text": "you saw inflation kind of pop back up a"}, {"start": "00:08:55", "end": "00:08:59", "text": "couple of times before ultimately"}, {"start": "00:08:57", "end": "00:09:02", "text": "bringing on"}, {"start": "00:08:59", "end": "00:09:05", "text": "uh that recession. And and so it is just"}, {"start": "00:09:02", "end": "00:09:08", "text": "something something to consider here"}, {"start": "00:09:05", "end": "00:09:09", "text": "how how the how the business cycle could"}, {"start": "00:09:08", "end": "00:09:11", "text": "ultimately come to an end. And one of"}, {"start": "00:09:09", "end": "00:09:13", "text": "the reasons it likely will is the"}, {"start": "00:09:11", "end": "00:09:14", "text": "inflation rate going up in a late"}, {"start": "00:09:13", "end": "00:09:16", "text": "business cycle environment caused by"}, {"start": "00:09:14", "end": "00:09:18", "text": "issues that are driven by supply"}, {"start": "00:09:16", "end": "00:09:20", "text": "constraints rather than demand. And"}, {"start": "00:09:18", "end": "00:09:22", "text": "also, if you look at the liquidity risk"}, {"start": "00:09:20", "end": "00:09:24", "text": "metric, that continues to remain"}, {"start": "00:09:22", "end": "00:09:27", "text": "elevated, suggesting we are still in a"}, {"start": "00:09:24", "end": "00:09:29", "text": "late business cycle environment. So, the"}, {"start": "00:09:27", "end": "00:09:30", "text": "inflation rate year over year, uh"}, {"start": "00:09:29", "end": "00:09:33", "text": "headline inflation, has gone up quite a"}, {"start": "00:09:30", "end": "00:09:36", "text": "bit. Uh the market more or less expected"}, {"start": "00:09:33", "end": "00:09:37", "text": "this, but if this continues to increase,"}, {"start": "00:09:36", "end": "00:09:39", "text": "it will lead to checkmate for the"}, {"start": "00:09:37", "end": "00:09:41", "text": "Federal Reserve, which then likely will"}, {"start": "00:09:39", "end": "00:09:44", "text": "lead to the end of the business cycle"}, {"start": "00:09:41", "end": "00:09:46", "text": "and a a crisis that then maybe the the"}, {"start": "00:09:44", "end": "00:09:49", "text": "Fed will finally respond to. Again, the"}, {"start": "00:09:46", "end": "00:09:51", "text": "process can take a long time. Uh 2026"}, {"start": "00:09:49", "end": "00:09:53", "text": "right now looks to be characterized by"}, {"start": "00:09:51", "end": "00:09:56", "text": "the Fed's inability to cut, so you're"}, {"start": "00:09:53", "end": "00:09:58", "text": "getting lower prices in riskier things,"}, {"start": "00:09:56", "end": "00:10:01", "text": "right? Like alt coins have sold off,"}, {"start": "00:09:58", "end": "00:10:03", "text": "Bitcoin has sold off. You haven't really"}, {"start": "00:10:01", "end": "00:10:05", "text": "seen that propagate to the stock market"}, {"start": "00:10:03", "end": "00:10:08", "text": "just yet. Uh but it likely will"}, {"start": "00:10:05", "end": "00:10:11", "text": "eventually get there. And And again,"}, {"start": "00:10:08", "end": "00:10:12", "text": "like the stock market topping, it's a"}, {"start": "00:10:11", "end": "00:10:14", "text": "process, right? Like it takes place over"}, {"start": "00:10:12", "end": "00:10:16", "text": "a very long period of time. Think about"}, {"start": "00:10:14", "end": "00:10:18", "text": "how long it took for Bitcoin to top out"}, {"start": "00:10:16", "end": "00:10:21", "text": "before it started to drop. I mean, it it"}, {"start": "00:10:18", "end": "00:10:24", "text": "basically set a high, dropped, and then"}, {"start": "00:10:21", "end": "00:10:26", "text": "swept the high for several months before"}, {"start": "00:10:24", "end": "00:10:27", "text": "ultimately dropping down. The stock"}, {"start": "00:10:26", "end": "00:10:29", "text": "market can do the same thing, right?"}, {"start": "00:10:27", "end": "00:10:31", "text": "Like it can do the same thing. And it"}, {"start": "00:10:29", "end": "00:10:33", "text": "has done the same thing in in prior"}, {"start": "00:10:31", "end": "00:10:35", "text": "business cycles where you'll kind of set"}, {"start": "00:10:33", "end": "00:10:36", "text": "a high and then you drop and then you"}, {"start": "00:10:35", "end": "00:10:37", "text": "kind of sweep those highs for a while"}, {"start": "00:10:36", "end": "00:10:40", "text": "and then the recession arrives. Same"}, {"start": "00:10:37", "end": "00:10:43", "text": "thing in 2008. Um so, I just want you to"}, {"start": "00:10:40", "end": "00:10:45", "text": "be aware of these of these outcomes. I"}, {"start": "00:10:43", "end": "00:10:47", "text": "would say if you want the if you want"}, {"start": "00:10:45", "end": "00:10:48", "text": "the sort of the longer-term secular bull"}, {"start": "00:10:47", "end": "00:10:51", "text": "market to go on for, you would actually"}, {"start": "00:10:48", "end": "00:10:52", "text": "want to see a lower high here rather"}, {"start": "00:10:51", "end": "00:10:54", "text": "than a higher high. Higher high would"}, {"start": "00:10:52", "end": "00:10:57", "text": "actually likely be a lot more bearish. A"}, {"start": "00:10:54", "end": "00:10:58", "text": "lower high would be more symbolic or"}, {"start": "00:10:57", "end": "00:11:00", "text": "more representative of what maybe just"}, {"start": "00:10:58", "end": "00:11:03", "text": "happened in 2022 where you just get sort"}, {"start": "00:11:00", "end": "00:11:04", "text": "of a normal reset in the market and then"}, {"start": "00:11:03", "end": "00:11:06", "text": "you and then you just start to go back"}, {"start": "00:11:04", "end": "00:11:09", "text": "up again. Um so, we'll see if it plays"}, {"start": "00:11:06", "end": "00:11:11", "text": "out like that. But all in all, it it"}, {"start": "00:11:09", "end": "00:11:13", "text": "does look like that that we are heading"}, {"start": "00:11:11", "end": "00:11:16", "text": "towards checkmate. You got to get a"}, {"start": "00:11:13", "end": "00:11:18", "text": "couple of checks in first, and and"}, {"start": "00:11:16", "end": "00:11:20", "text": "that's where we are right now."}, {"start": "00:11:18", "end": "00:11:22", "text": "So, uh don't be deter so deterministic"}, {"start": "00:11:20", "end": "00:11:23", "text": "about exactly what the stock market has"}, {"start": "00:11:22", "end": "00:11:25", "text": "to do."}, {"start": "00:11:23", "end": "00:11:28", "text": "Again, it can it the topping is a"}, {"start": "00:11:25", "end": "00:11:29", "text": "process. It takes a long period of time,"}, {"start": "00:11:28", "end": "00:11:31", "text": "just like it did with Bitcoin. And then"}, {"start": "00:11:29", "end": "00:11:33", "text": "once it rolls over, it it looks more"}, {"start": "00:11:31", "end": "00:11:35", "text": "obvious. But when you're living through"}, {"start": "00:11:33", "end": "00:11:36", "text": "it, it it doesn't always seem obvious."}, {"start": "00:11:35", "end": "00:11:38", "text": "That doesn't mean you can't buy"}, {"start": "00:11:36", "end": "00:11:40", "text": "anything. You know, I I've mentioned"}, {"start": "00:11:38", "end": "00:11:41", "text": "this many times, like just because cash"}, {"start": "00:11:40", "end": "00:11:42", "text": "is better than holding crypto in"}, {"start": "00:11:41", "end": "00:11:43", "text": "mid-term years, doesn't mean you can't"}, {"start": "00:11:42", "end": "00:11:46", "text": "make money in energy stocks or"}, {"start": "00:11:43", "end": "00:11:47", "text": "manufacturing or in some of the metals,"}, {"start": "00:11:46", "end": "00:11:49", "text": "some of the international funds. There's"}, {"start": "00:11:47", "end": "00:11:51", "text": "plenty of ways to make money even in"}, {"start": "00:11:49", "end": "00:11:53", "text": "crypto bear markets. You just have to"}, {"start": "00:11:51", "end": "00:11:56", "text": "know where to look. And unfortunately,"}, {"start": "00:11:53", "end": "00:11:59", "text": "uh for for the stock market, I I think"}, {"start": "00:11:56", "end": "00:12:01", "text": "the Fed will end up being too late to"}, {"start": "00:11:59", "end": "00:12:02", "text": "rescue the labor market, but I don't"}, {"start": "00:12:01", "end": "00:12:04", "text": "really think it's the Fed's fault at"}, {"start": "00:12:02", "end": "00:12:07", "text": "this point, right? The Fed, if they were"}, {"start": "00:12:04", "end": "00:12:08", "text": "to cut aggressively into rising energy"}, {"start": "00:12:07", "end": "00:12:10", "text": "prices, then we're just going to get a"}, {"start": "00:12:08", "end": "00:12:13", "text": "massive wave of inflation again. So, I"}, {"start": "00:12:10", "end": "00:12:14", "text": "don't really blame the Fed for not"}, {"start": "00:12:13", "end": "00:12:17", "text": "cutting now, but the fact that they"}, {"start": "00:12:14", "end": "00:12:20", "text": "can't cut will likely eventually make"}, {"start": "00:12:17", "end": "00:12:22", "text": "them too late to cut to save the labor"}, {"start": "00:12:20", "end": "00:12:24", "text": "market and to to avoid that non-linear"}, {"start": "00:12:22", "end": "00:12:26", "text": "increase in the unemployment rate. So, I"}, {"start": "00:12:24", "end": "00:12:28", "text": "think all that's coming uh as we"}, {"start": "00:12:26", "end": "00:12:30", "text": "continue to march through the next 1 to"}, {"start": "00:12:28", "end": "00:12:32", "text": "2 years. So, just be aware of the larger"}, {"start": "00:12:30", "end": "00:12:34", "text": "business cycle, and then also be aware"}, {"start": "00:12:32", "end": "00:12:36", "text": "of sort of the the smaller cycles that"}, {"start": "00:12:34", "end": "00:12:38", "text": "occur within the larger business cycle."}, {"start": "00:12:36", "end": "00:12:39", "text": "If you guys like the content, make sure"}, {"start": "00:12:38", "end": "00:12:41", "text": "you subscribe to the channel, give the"}, {"start": "00:12:39", "end": "00:12:43", "text": "video a thumbs up. And again, check out"}, {"start": "00:12:41", "end": "00:12:45", "text": "the sale on Into the Cryptoverse Premium"}, {"start": "00:12:43", "end": "00:12:48", "text": "at intothecryptoverse.com."}, {"start": "00:12:45", "end": "00:12:48", "text": "See you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Bitcoin has rallied for the last week or"}, {"start": "00:00:03", "end": "00:00:08", "text": "two and you can see that it's currently"}, {"start": "00:00:05", "end": "00:00:12", "text": "right around 71 $72,000 and so it might"}, {"start": "00:00:08", "end": "00:00:14", "text": "be timely to at least check in um as to"}, {"start": "00:00:12", "end": "00:00:17", "text": "where the bare market resistance band"}, {"start": "00:00:14", "end": "00:00:22", "text": "is. As of now, as of April 8th, the"}, {"start": "00:00:17", "end": "00:00:23", "text": "20week SMA is at around 78K"}, {"start": "00:00:22", "end": "00:00:27", "text": "78.5"}, {"start": "00:00:23", "end": "00:00:29", "text": "and the 21week EMA is at around 78.9. So"}, {"start": "00:00:27", "end": "00:00:33", "text": "essentially the bare market resistance"}, {"start": "00:00:29", "end": "00:00:35", "text": "band is around that 78 to $79,000 level."}, {"start": "00:00:33", "end": "00:00:37", "text": "Now I mentioned earlier that the you"}, {"start": "00:00:35", "end": "00:00:38", "text": "know someone asked me the other day like"}, {"start": "00:00:37", "end": "00:00:40", "text": "what are the odds that Bitcoin"}, {"start": "00:00:38", "end": "00:00:42", "text": "eventually goes lower? I would still say"}, {"start": "00:00:40", "end": "00:00:45", "text": "there like a 70 to 75% chance that"}, {"start": "00:00:42", "end": "00:00:47", "text": "Bitcoin eventually goes below the low"}, {"start": "00:00:45", "end": "00:00:47", "text": "that has already been"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:11", "text": "and we're going to be providing an"}, {"start": "00:00:09", "end": "00:00:13", "text": "update to the bare market resistance"}, {"start": "00:00:11", "end": "00:00:15", "text": "band. If you guys like the content, make"}, {"start": "00:00:13", "end": "00:00:17", "text": "sure you subscribe to the channel, give"}, {"start": "00:00:15", "end": "00:00:20", "text": "the video a thumbs up, and check out the"}, {"start": "00:00:17", "end": "00:00:22", "text": "sale on into the cryptoverse premium at"}, {"start": "00:00:20", "end": "00:00:26", "text": "into the cryptoverse.com."}, {"start": "00:00:22", "end": "00:00:29", "text": "Let's go ahead and jump in. So, Bitcoin"}, {"start": "00:00:26", "end": "00:00:31", "text": "has rallied for the last week or two and"}, {"start": "00:00:29", "end": "00:00:34", "text": "you can see that it's currently right"}, {"start": "00:00:31", "end": "00:00:37", "text": "around 71 $72,000. And so, it might be"}, {"start": "00:00:34", "end": "00:00:39", "text": "timely to at least check in um as to"}, {"start": "00:00:37", "end": "00:00:43", "text": "where the bare market resistance band"}, {"start": "00:00:39", "end": "00:00:47", "text": "is. As of now, as of April 8th, the 20we"}, {"start": "00:00:43", "end": "00:00:48", "text": "SMA is at around 78K"}, {"start": "00:00:47", "end": "00:00:53", "text": "78.5"}, {"start": "00:00:48", "end": "00:00:54", "text": "and the 21week EMA is around 78.9. So"}, {"start": "00:00:53", "end": "00:00:58", "text": "essentially the bare market resistance"}, {"start": "00:00:54", "end": "00:01:00", "text": "band is around that 78 to $79,000 level."}, {"start": "00:00:58", "end": "00:01:03", "text": "And the reason we provide updates on"}, {"start": "00:01:00", "end": "00:01:06", "text": "where it is is because in bare markets"}, {"start": "00:01:03", "end": "00:01:08", "text": "it does tend to act as resistance"}, {"start": "00:01:06", "end": "00:01:10", "text": "especially near the end of you know"}, {"start": "00:01:08", "end": "00:01:13", "text": "several month rallies. So it's just"}, {"start": "00:01:10", "end": "00:01:16", "text": "something to keep in mind. Um it's not"}, {"start": "00:01:13", "end": "00:01:17", "text": "like every rally gets us there in 2022."}, {"start": "00:01:16", "end": "00:01:19", "text": "you know, it's not, you know, you can"}, {"start": "00:01:17", "end": "00:01:20", "text": "see there are certainly rallies that we"}, {"start": "00:01:19", "end": "00:01:23", "text": "didn't actually get up there. And by the"}, {"start": "00:01:20", "end": "00:01:27", "text": "time we hit it, it was at a lower level"}, {"start": "00:01:23", "end": "00:01:29", "text": "than where you could have um than than"}, {"start": "00:01:27", "end": "00:01:30", "text": "before it had tagged it in August 2022."}, {"start": "00:01:29", "end": "00:01:32", "text": "It ended up tagging it, but not until"}, {"start": "00:01:30", "end": "00:01:35", "text": "October, but by that point, the 21week"}, {"start": "00:01:32", "end": "00:01:38", "text": "EMA had had dropped down a lot. Um, you"}, {"start": "00:01:35", "end": "00:01:40", "text": "can also see in 2018 sort of tagging"}, {"start": "00:01:38", "end": "00:01:41", "text": "that same resistance band multiple"}, {"start": "00:01:40", "end": "00:01:44", "text": "times, and there were times where we"}, {"start": "00:01:41", "end": "00:01:46", "text": "went above it, right? It's not like you"}, {"start": "00:01:44", "end": "00:01:48", "text": "never we it's not like we never saw"}, {"start": "00:01:46", "end": "00:01:50", "text": "price action of Bitcoin go above the"}, {"start": "00:01:48", "end": "00:01:55", "text": "21week EMA in bare markets. It did"}, {"start": "00:01:50", "end": "00:01:58", "text": "briefly in 2022 in um in like March and"}, {"start": "00:01:55", "end": "00:02:02", "text": "early April. It did so in February of"}, {"start": "00:01:58", "end": "00:02:04", "text": "2018 and also briefly in July of 2018 as"}, {"start": "00:02:02", "end": "00:02:07", "text": "well. Um and then in 2014 it actually"}, {"start": "00:02:04", "end": "00:02:11", "text": "went above it uh very briefly in March"}, {"start": "00:02:07", "end": "00:02:15", "text": "and then also again in the June to July"}, {"start": "00:02:11", "end": "00:02:16", "text": "time frame. So it does sometimes get"}, {"start": "00:02:15", "end": "00:02:18", "text": "above it. We will see price sometimes"}, {"start": "00:02:16", "end": "00:02:20", "text": "get above it in bare markets but a lot"}, {"start": "00:02:18", "end": "00:02:25", "text": "of the times you'll just find the 21week"}, {"start": "00:02:20", "end": "00:02:27", "text": "SMA 20 SMA act as resistance throughout"}, {"start": "00:02:25", "end": "00:02:29", "text": "um the bare market. Right? You can see"}, {"start": "00:02:27", "end": "00:02:32", "text": "that uh plenty of times throughout"}, {"start": "00:02:29", "end": "00:02:34", "text": "Bitcoin's history. Now, I do want to"}, {"start": "00:02:32", "end": "00:02:37", "text": "draw your attention to a couple of"}, {"start": "00:02:34", "end": "00:02:40", "text": "things here. One is we'll talk a little"}, {"start": "00:02:37", "end": "00:02:42", "text": "bit more about the 2019 comparison. Um,"}, {"start": "00:02:40", "end": "00:02:45", "text": "but also maybe look a little bit closer"}, {"start": "00:02:42", "end": "00:02:47", "text": "at the 2014 comparison because in the"}, {"start": "00:02:45", "end": "00:02:49", "text": "2014 comparison, there are some"}, {"start": "00:02:47", "end": "00:02:51", "text": "similarities to today, but there have"}, {"start": "00:02:49", "end": "00:02:53", "text": "been some recent deviations. For"}, {"start": "00:02:51", "end": "00:02:56", "text": "instance, one of the similarities"}, {"start": "00:02:53", "end": "00:02:59", "text": "between 2014 and 2026 is that we found a"}, {"start": "00:02:56", "end": "00:03:02", "text": "low in February. You can see a low in"}, {"start": "00:02:59", "end": "00:03:04", "text": "February. Also the same thing in 2018"}, {"start": "00:03:02", "end": "00:03:07", "text": "and of course the same similar idea in"}, {"start": "00:03:04", "end": "00:03:10", "text": "2022. We found lows in February's highs"}, {"start": "00:03:07", "end": "00:03:12", "text": "in March. All right, you can see that"}, {"start": "00:03:10", "end": "00:03:15", "text": "highs in March and then we then dropped"}, {"start": "00:03:12", "end": "00:03:17", "text": "back down into into early April. Now we"}, {"start": "00:03:15", "end": "00:03:19", "text": "had the window of weakness for Bitcoin"}, {"start": "00:03:17", "end": "00:03:20", "text": "going into early April. You can see that"}, {"start": "00:03:19", "end": "00:03:24", "text": "Bitcoin dropped back down going into"}, {"start": "00:03:20", "end": "00:03:26", "text": "early April, but so far it at least"}, {"start": "00:03:24", "end": "00:03:28", "text": "maintained a higher low, which is"}, {"start": "00:03:26", "end": "00:03:30", "text": "something that happens. I mean like this"}, {"start": "00:03:28", "end": "00:03:33", "text": "is what happened in 2018, right? Bitcoin"}, {"start": "00:03:30", "end": "00:03:38", "text": "formed a low in February and then formed"}, {"start": "00:03:33", "end": "00:03:39", "text": "a higher low in April, got rejected from"}, {"start": "00:03:38", "end": "00:03:41", "text": "the bull market support band or bare"}, {"start": "00:03:39", "end": "00:03:44", "text": "market resistance band and then went"}, {"start": "00:03:41", "end": "00:03:51", "text": "down and then swept the low that it had"}, {"start": "00:03:44", "end": "00:03:52", "text": "put in in February. Okay. um in 2022,"}, {"start": "00:03:51", "end": "00:03:54", "text": "you know, you had a period of higher"}, {"start": "00:03:52", "end": "00:03:56", "text": "lows and then we got briefly above the"}, {"start": "00:03:54", "end": "00:03:58", "text": "bare market resistance span and then"}, {"start": "00:03:56", "end": "00:04:01", "text": "sort of all hell broke loose as we went"}, {"start": "00:03:58", "end": "00:04:04", "text": "into the May and um and June. In terms"}, {"start": "00:04:01", "end": "00:04:06", "text": "of seasonality, I would say seasonality"}, {"start": "00:04:04", "end": "00:04:09", "text": "tends to work about 70% of the time or"}, {"start": "00:04:06", "end": "00:04:11", "text": "so. It's not perfect. Uh if you look at"}, {"start": "00:04:09", "end": "00:04:13", "text": "the year-to- date ROI of Bitcoin, it"}, {"start": "00:04:11", "end": "00:04:14", "text": "kind of gives you an idea of like are we"}, {"start": "00:04:13", "end": "00:04:16", "text": "generally tracking it or are things"}, {"start": "00:04:14", "end": "00:04:20", "text": "holding up a little bit better? If you"}, {"start": "00:04:16", "end": "00:04:23", "text": "compare 2026 to 2014,"}, {"start": "00:04:20", "end": "00:04:24", "text": "you can see that um we're holding up a"}, {"start": "00:04:23", "end": "00:04:28", "text": "little bit better than 2014 as of right"}, {"start": "00:04:24", "end": "00:04:29", "text": "now. Uh if you compare it to 2018,"}, {"start": "00:04:28", "end": "00:04:31", "text": "holding up a little bit better than 2018"}, {"start": "00:04:29", "end": "00:04:34", "text": "as a function of time into the midterm"}, {"start": "00:04:31", "end": "00:04:39", "text": "year. Uh but compared to 2022, Bitcoin"}, {"start": "00:04:34", "end": "00:04:42", "text": "was actually had a had a not as bad loss"}, {"start": "00:04:39", "end": "00:04:44", "text": "at this point in 2022. Uh you can see it"}, {"start": "00:04:42", "end": "00:04:46", "text": "took until like kind of like late April,"}, {"start": "00:04:44", "end": "00:04:49", "text": "early May to get that to get that sort"}, {"start": "00:04:46", "end": "00:04:50", "text": "of that drop that Bitcoin had going into"}, {"start": "00:04:49", "end": "00:04:52", "text": "the summer months where essentially the"}, {"start": "00:04:50", "end": "00:04:54", "text": "low was set. It only went a little bit"}, {"start": "00:04:52", "end": "00:04:57", "text": "lower later on. But one of the reasons"}, {"start": "00:04:54", "end": "00:05:00", "text": "why I wanted to talk about 2014"}, {"start": "00:04:57", "end": "00:05:04", "text": "is because in this case there was a low"}, {"start": "00:05:00", "end": "00:05:07", "text": "set in April, but the next low didn't"}, {"start": "00:05:04", "end": "00:05:09", "text": "even occur until October. Right? And"}, {"start": "00:05:07", "end": "00:05:13", "text": "I've previously said that October seems"}, {"start": "00:05:09", "end": "00:05:15", "text": "like a candidate for a potential low. It"}, {"start": "00:05:13", "end": "00:05:17", "text": "doesn't have to be October. It could be"}, {"start": "00:05:15", "end": "00:05:18", "text": "May. It could be December, right? Like"}, {"start": "00:05:17", "end": "00:05:21", "text": "it could be all sorts of different"}, {"start": "00:05:18", "end": "00:05:24", "text": "months. It's just that October uh sort"}, {"start": "00:05:21", "end": "00:05:25", "text": "of stood out back then. And I know a lot"}, {"start": "00:05:24", "end": "00:05:27", "text": "of people are pushing back on October"}, {"start": "00:05:25", "end": "00:05:28", "text": "and and saying, \"Well, if everyone"}, {"start": "00:05:27", "end": "00:05:29", "text": "thinks it, then it probably won't"}, {"start": "00:05:28", "end": "00:05:30", "text": "happen.\" And there may be some truth to"}, {"start": "00:05:29", "end": "00:05:33", "text": "that, right? I'm not I'm not here to say"}, {"start": "00:05:30", "end": "00:05:36", "text": "that it has to be October. It doesn't."}, {"start": "00:05:33", "end": "00:05:38", "text": "But I will say this, the counterpoint to"}, {"start": "00:05:36", "end": "00:05:40", "text": "that view is that when we said that"}, {"start": "00:05:38", "end": "00:05:43", "text": "Bitcoin would likely top in Q4, the"}, {"start": "00:05:40", "end": "00:05:46", "text": "overwhelming response was no, it can't"}, {"start": "00:05:43", "end": "00:05:47", "text": "do that because everyone is believing in"}, {"start": "00:05:46", "end": "00:05:50", "text": "the four-year cycle, therefore we'll"}, {"start": "00:05:47", "end": "00:05:52", "text": "have something else happen. And despite"}, {"start": "00:05:50", "end": "00:05:54", "text": "all that, Bitcoin topped anyways, right?"}, {"start": "00:05:52", "end": "00:05:57", "text": "So, I think that is the counterpoint to"}, {"start": "00:05:54", "end": "00:05:59", "text": "it is that like sometimes you're just in"}, {"start": "00:05:57", "end": "00:06:02", "text": "a bare market. I don't know exactly when"}, {"start": "00:05:59", "end": "00:06:04", "text": "the low will be. Um, obviously some"}, {"start": "00:06:02", "end": "00:06:07", "text": "people think it's February. The only the"}, {"start": "00:06:04", "end": "00:06:12", "text": "only real bull case I can find for"}, {"start": "00:06:07", "end": "00:06:17", "text": "February being below um would be the"}, {"start": "00:06:12", "end": "00:06:19", "text": "2019 comparison excluding the pandemic"}, {"start": "00:06:17", "end": "00:06:22", "text": "induced recession. Okay. Now, there's"}, {"start": "00:06:19", "end": "00:06:23", "text": "plenty of reasons to exclude the"}, {"start": "00:06:22", "end": "00:06:25", "text": "pandemic induced recession, right? Like"}, {"start": "00:06:23", "end": "00:06:29", "text": "it's not like we expect the unemployment"}, {"start": "00:06:25", "end": "00:06:32", "text": "rate to spike to 15% overnight like it"}, {"start": "00:06:29", "end": "00:06:35", "text": "did back then. With that said, all the"}, {"start": "00:06:32", "end": "00:06:37", "text": "things we had back then are things that"}, {"start": "00:06:35", "end": "00:06:39", "text": "have happened this cycle as well."}, {"start": "00:06:37", "end": "00:06:41", "text": "Quantitative tightening came to an end."}, {"start": "00:06:39", "end": "00:06:43", "text": "We had an inverted yield curve that then"}, {"start": "00:06:41", "end": "00:06:45", "text": "uninverted. The the labor market was"}, {"start": "00:06:43", "end": "00:06:48", "text": "already showing signs of weakness back"}, {"start": "00:06:45", "end": "00:06:50", "text": "then as well. The Fed had had lowered"}, {"start": "00:06:48", "end": "00:06:51", "text": "interest rates some, but then they"}, {"start": "00:06:50", "end": "00:06:53", "text": "weren't willing to continue to lower"}, {"start": "00:06:51", "end": "00:06:56", "text": "interest rates. So, it's not like"}, {"start": "00:06:53", "end": "00:06:59", "text": "there's no similarities. And in fact, if"}, {"start": "00:06:56", "end": "00:07:02", "text": "you look at 2019"}, {"start": "00:06:59", "end": "00:07:04", "text": "and compare it to 2014,"}, {"start": "00:07:02", "end": "00:07:06", "text": "there's some similarities there as well"}, {"start": "00:07:04", "end": "00:07:09", "text": "where you essentially set lower highs"}, {"start": "00:07:06", "end": "00:07:11", "text": "for a while and then Bitcoin breaks"}, {"start": "00:07:09", "end": "00:07:13", "text": "through it, right? You can see this like"}, {"start": "00:07:11", "end": "00:07:16", "text": "you'll set lower highs and then at some"}, {"start": "00:07:13", "end": "00:07:20", "text": "point Bitcoin breaks through, but in"}, {"start": "00:07:16", "end": "00:07:21", "text": "both cases it was a a false breakout. I"}, {"start": "00:07:20", "end": "00:07:23", "text": "wouldn't be that surprised if something"}, {"start": "00:07:21", "end": "00:07:26", "text": "like that happened this year where"}, {"start": "00:07:23", "end": "00:07:29", "text": "perhaps you have this trend line by"}, {"start": "00:07:26", "end": "00:07:31", "text": "Bitcoin and perhaps at some point we"}, {"start": "00:07:29", "end": "00:07:34", "text": "break through the trend line and then"}, {"start": "00:07:31", "end": "00:07:36", "text": "maybe the low for Bitcoin is when we"}, {"start": "00:07:34", "end": "00:07:38", "text": "back test the trend line, right? Like"}, {"start": "00:07:36", "end": "00:07:40", "text": "you know if you back test this trend"}, {"start": "00:07:38", "end": "00:07:44", "text": "line in October that would correspond to"}, {"start": "00:07:40", "end": "00:07:45", "text": "the 40 to 50k range. Um you know it"}, {"start": "00:07:44", "end": "00:07:47", "text": "could do all sorts of things but I just"}, {"start": "00:07:45", "end": "00:07:49", "text": "I'm throwing out some ideas as to how"}, {"start": "00:07:47", "end": "00:07:50", "text": "we've seen it play out in the past. And"}, {"start": "00:07:49", "end": "00:07:53", "text": "then there's other times where it"}, {"start": "00:07:50", "end": "00:07:55", "text": "basically just goes uh you know straight"}, {"start": "00:07:53", "end": "00:07:57", "text": "down without any real major breakouts."}, {"start": "00:07:55", "end": "00:08:00", "text": "And that's kind of what we saw happen in"}, {"start": "00:07:57", "end": "00:08:03", "text": "um 2022."}, {"start": "00:08:00", "end": "00:08:06", "text": "So in terms of the year-to- date ROI of"}, {"start": "00:08:03", "end": "00:08:09", "text": "Bitcoin in 2026, if you look at the"}, {"start": "00:08:06", "end": "00:08:11", "text": "average of prior midterm years, it's"}, {"start": "00:08:09", "end": "00:08:13", "text": "only slightly above where it is on"}, {"start": "00:08:11", "end": "00:08:15", "text": "average. And then when you overlay one"}, {"start": "00:08:13", "end": "00:08:16", "text": "standard deviation, it's still well"}, {"start": "00:08:15", "end": "00:08:19", "text": "within one. It's still within one"}, {"start": "00:08:16", "end": "00:08:20", "text": "standard deviation. close to to no"}, {"start": "00:08:19", "end": "00:08:23", "text": "longer being within those bounds, but"}, {"start": "00:08:20", "end": "00:08:27", "text": "it's not that far removed from the"}, {"start": "00:08:23", "end": "00:08:29", "text": "average of prior uh midterm years. So, a"}, {"start": "00:08:27", "end": "00:08:32", "text": "lot of times you'll see Bitcoin weakness"}, {"start": "00:08:29", "end": "00:08:33", "text": "going into early into February and then"}, {"start": "00:08:32", "end": "00:08:35", "text": "you'll see it again going into early"}, {"start": "00:08:33", "end": "00:08:41", "text": "April, right? You can see that in early"}, {"start": "00:08:35", "end": "00:08:44", "text": "April of 2018. Um you'll see it in"}, {"start": "00:08:41", "end": "00:08:47", "text": "early April of 2014. We even got it here"}, {"start": "00:08:44", "end": "00:08:50", "text": "going into early April of 2026."}, {"start": "00:08:47", "end": "00:08:53", "text": "2022 is a little bit different. Um, and"}, {"start": "00:08:50", "end": "00:08:54", "text": "when you look at 2022, one of the things"}, {"start": "00:08:53", "end": "00:08:57", "text": "you'll notice is is there's kind of a"}, {"start": "00:08:54", "end": "00:08:59", "text": "similar pattern, right? And similar"}, {"start": "00:08:57", "end": "00:09:01", "text": "geopolitical conflicts going on. In both"}, {"start": "00:08:59", "end": "00:09:03", "text": "cases, we had geopolitical conflicts"}, {"start": "00:09:01", "end": "00:09:07", "text": "going on. You get a rally, it comes back"}, {"start": "00:09:03", "end": "00:09:09", "text": "down, sets a higher low, goes back up to"}, {"start": "00:09:07", "end": "00:09:11", "text": "the 21week MA, and then goes down. So"}, {"start": "00:09:09", "end": "00:09:13", "text": "you have to always wonder is something"}, {"start": "00:09:11", "end": "00:09:15", "text": "like that playing out where perhaps that"}, {"start": "00:09:13", "end": "00:09:18", "text": "is the way this ultimately resolves"}, {"start": "00:09:15", "end": "00:09:21", "text": "where it it tags that 21week EMA. A lot"}, {"start": "00:09:18", "end": "00:09:24", "text": "of this also depends on you know things"}, {"start": "00:09:21", "end": "00:09:27", "text": "that obviously no one has any ability to"}, {"start": "00:09:24", "end": "00:09:29", "text": "predict. You know to a large extent the"}, {"start": "00:09:27", "end": "00:09:32", "text": "the the"}, {"start": "00:09:29", "end": "00:09:35", "text": "news cycle is noise but certainly there"}, {"start": "00:09:32", "end": "00:09:38", "text": "can be short-term reactions to news"}, {"start": "00:09:35", "end": "00:09:41", "text": "headlines. Okay. And we saw one of those"}, {"start": "00:09:38", "end": "00:09:42", "text": "yesterday where the stock market had a"}, {"start": "00:09:41", "end": "00:09:44", "text": "rally"}, {"start": "00:09:42", "end": "00:09:46", "text": "after"}, {"start": "00:09:44", "end": "00:09:49", "text": "after the the ceasefire was announced."}, {"start": "00:09:46", "end": "00:09:54", "text": "Now, the hard part when looking at the"}, {"start": "00:09:49", "end": "00:09:56", "text": "S&P 500 is if you compare it to 2022,"}, {"start": "00:09:54", "end": "00:09:57", "text": "you know, we dropped down and we had a"}, {"start": "00:09:56", "end": "00:09:59", "text": "couple rallies back up to the bull"}, {"start": "00:09:57", "end": "00:10:01", "text": "market support band, but they ultimately"}, {"start": "00:09:59", "end": "00:10:05", "text": "faded into lower lows. And are we just"}, {"start": "00:10:01", "end": "00:10:09", "text": "simply there? I will say this,"}, {"start": "00:10:05", "end": "00:10:11", "text": "I think it would be longer term better"}, {"start": "00:10:09", "end": "00:10:14", "text": "for Bitcoin to get reject or sorry for"}, {"start": "00:10:11", "end": "00:10:17", "text": "the S&P to get rejected here and to go"}, {"start": "00:10:14", "end": "00:10:20", "text": "down and have a nice digestion phase in"}, {"start": "00:10:17", "end": "00:10:22", "text": "2026 so that we can perhaps continue a"}, {"start": "00:10:20", "end": "00:10:26", "text": "longerterm bull market going into say"}, {"start": "00:10:22", "end": "00:10:29", "text": "2027 2028. If that is not what happens"}, {"start": "00:10:26", "end": "00:10:31", "text": "and we end up sweeping the highs, then"}, {"start": "00:10:29", "end": "00:10:33", "text": "to me it's going to look exactly like"}, {"start": "00:10:31", "end": "00:10:35", "text": "the prior business cycles of the past"}, {"start": "00:10:33", "end": "00:10:37", "text": "where you know you're in a late business"}, {"start": "00:10:35", "end": "00:10:39", "text": "cycle environment, you set a high, you"}, {"start": "00:10:37", "end": "00:10:41", "text": "get a big drop and then you go back up"}, {"start": "00:10:39", "end": "00:10:43", "text": "and sweep the high and then the business"}, {"start": "00:10:41", "end": "00:10:45", "text": "cycle finally comes to an end. Uh you"}, {"start": "00:10:43", "end": "00:10:48", "text": "can see that happened in 2007208. You"}, {"start": "00:10:45", "end": "00:10:50", "text": "had a pretty sharp drop off and then a"}, {"start": "00:10:48", "end": "00:10:52", "text": "rally to a new all-time high and then"}, {"start": "00:10:50", "end": "00:10:55", "text": "the recession began. Uh the same thing"}, {"start": "00:10:52", "end": "00:10:58", "text": "happened in in 2000 where you set an"}, {"start": "00:10:55", "end": "00:11:00", "text": "all-time high and then you rallied up,"}, {"start": "00:10:58", "end": "00:11:02", "text": "swept it, and then ultimately we went"}, {"start": "00:11:00", "end": "00:11:04", "text": "into the recession. And the reason why I"}, {"start": "00:11:02", "end": "00:11:07", "text": "would prefer for it to play out like"}, {"start": "00:11:04", "end": "00:11:09", "text": "that is because of this comparison that"}, {"start": "00:11:07", "end": "00:11:12", "text": "we've made for the S&P 500 for a while"}, {"start": "00:11:09", "end": "00:11:14", "text": "where, you know, looking at it in terms"}, {"start": "00:11:12", "end": "00:11:16", "text": "of, you know, this fractal, which again,"}, {"start": "00:11:14", "end": "00:11:18", "text": "as I keep saying, I I do think it will"}, {"start": "00:11:16", "end": "00:11:21", "text": "eventually break, but until it does, you"}, {"start": "00:11:18", "end": "00:11:24", "text": "might as well follow it. I mean, it it"}, {"start": "00:11:21", "end": "00:11:26", "text": "just continues to line up perfectly. So,"}, {"start": "00:11:24", "end": "00:11:28", "text": "if the S&P were to I mean, it could the"}, {"start": "00:11:26", "end": "00:11:30", "text": "S&P could even come back down and sweep"}, {"start": "00:11:28", "end": "00:11:32", "text": "the low and then still get a rally to a"}, {"start": "00:11:30", "end": "00:11:35", "text": "new alltime high. If this were to play"}, {"start": "00:11:32", "end": "00:11:37", "text": "out, that would probably actually end up"}, {"start": "00:11:35", "end": "00:11:39", "text": "being a lot more bearish. Uh because"}, {"start": "00:11:37", "end": "00:11:41", "text": "you're not really getting, in my"}, {"start": "00:11:39", "end": "00:11:43", "text": "opinion, what is needed, a much needed"}, {"start": "00:11:41", "end": "00:11:45", "text": "reset in the market. So, I think it"}, {"start": "00:11:43", "end": "00:11:47", "text": "would actually be a lot better if the"}, {"start": "00:11:45", "end": "00:11:48", "text": "S&P just kind of did something like this"}, {"start": "00:11:47", "end": "00:11:50", "text": "and then we kind of then started, you"}, {"start": "00:11:48", "end": "00:11:53", "text": "know, continued the bull market going"}, {"start": "00:11:50", "end": "00:11:55", "text": "into 2027 2028 time frame. If the market"}, {"start": "00:11:53", "end": "00:11:56", "text": "stays elevated and then sweeps the high,"}, {"start": "00:11:55", "end": "00:11:58", "text": "you'll probably get another big sell-off"}, {"start": "00:11:56", "end": "00:12:00", "text": "later in the year. And it doesn't have"}, {"start": "00:11:58", "end": "00:12:02", "text": "to be like this. Like, I'm not saying it"}, {"start": "00:12:00", "end": "00:12:04", "text": "needs to be like the dot crash, but it"}, {"start": "00:12:02", "end": "00:12:07", "text": "could be like what we saw in 2018 as"}, {"start": "00:12:04", "end": "00:12:11", "text": "well, uh, when Trump was president. And"}, {"start": "00:12:07", "end": "00:12:14", "text": "in 2018, if you guys remember,"}, {"start": "00:12:11", "end": "00:12:16", "text": "um, when you look at the S&P 500 in"}, {"start": "00:12:14", "end": "00:12:19", "text": "2018, the stock market put in a high at"}, {"start": "00:12:16", "end": "00:12:20", "text": "the very beginning of the year and then"}, {"start": "00:12:19", "end": "00:12:22", "text": "it had a big drop and then it rallied"}, {"start": "00:12:20", "end": "00:12:25", "text": "up, swept the high and then had another"}, {"start": "00:12:22", "end": "00:12:27", "text": "big drop. So, I think sweeping the high"}, {"start": "00:12:25", "end": "00:12:29", "text": "would actually be a lot more bearish"}, {"start": "00:12:27", "end": "00:12:30", "text": "than just getting a reset now and then"}, {"start": "00:12:29", "end": "00:12:31", "text": "trying to continue on in the bull"}, {"start": "00:12:30", "end": "00:12:33", "text": "market. And the reason I'm talking about"}, {"start": "00:12:31", "end": "00:12:36", "text": "this is because it would obviously"}, {"start": "00:12:33", "end": "00:12:39", "text": "affect Bitcoin, right? Um, the stock"}, {"start": "00:12:36", "end": "00:12:42", "text": "market, if it were to get rejected,"}, {"start": "00:12:39", "end": "00:12:44", "text": "would likely correspond to Bitcoin also"}, {"start": "00:12:42", "end": "00:12:47", "text": "getting rejected. If the stock market"}, {"start": "00:12:44", "end": "00:12:49", "text": "were to rally up to no all-time highs,"}, {"start": "00:12:47", "end": "00:12:50", "text": "there's a higher likelihood that then"}, {"start": "00:12:49", "end": "00:12:53", "text": "Bitcoin could get even slightly back"}, {"start": "00:12:50", "end": "00:12:56", "text": "above the 21week EMA for a little while,"}, {"start": "00:12:53", "end": "00:12:58", "text": "kind of like how it did in 2018 or"}, {"start": "00:12:56", "end": "00:13:00", "text": "sorry, in 2022 and how it did briefly in"}, {"start": "00:12:58", "end": "00:13:03", "text": "2018 and also how it did for a couple"}, {"start": "00:13:00", "end": "00:13:05", "text": "months in in 2014. So, some of that"}, {"start": "00:13:03", "end": "00:13:07", "text": "will, you know, depend on the stock"}, {"start": "00:13:05", "end": "00:13:08", "text": "market, at least in my opinion. I know"}, {"start": "00:13:07", "end": "00:13:10", "text": "some people would disagree with that,"}, {"start": "00:13:08", "end": "00:13:11", "text": "but and then I also I don't really like"}, {"start": "00:13:10", "end": "00:13:12", "text": "talking about this because I I think"}, {"start": "00:13:11", "end": "00:13:14", "text": "this trend will break soon. I've been"}, {"start": "00:13:12", "end": "00:13:18", "text": "following it for a little while. Uh, but"}, {"start": "00:13:14", "end": "00:13:21", "text": "if you look if you look at the RSI of"}, {"start": "00:13:18", "end": "00:13:24", "text": "Bitcoin, um, it's been putting in lower"}, {"start": "00:13:21", "end": "00:13:27", "text": "highs on the daily for a while now. And"}, {"start": "00:13:24", "end": "00:13:30", "text": "what you'll notice is that all these"}, {"start": "00:13:27", "end": "00:13:33", "text": "highs by Bitcoin that have occurred have"}, {"start": "00:13:30", "end": "00:13:34", "text": "been under kind of like less and less"}, {"start": "00:13:33", "end": "00:13:38", "text": "strength, right? So you had your first"}, {"start": "00:13:34", "end": "00:13:42", "text": "one here in May on this high and then"}, {"start": "00:13:38", "end": "00:13:46", "text": "you had a lower high in July by the RSI"}, {"start": "00:13:42", "end": "00:13:47", "text": "while price was printing a higher high"}, {"start": "00:13:46", "end": "00:13:50", "text": "and then you had another lower high on"}, {"start": "00:13:47", "end": "00:13:52", "text": "the RSI while Bitcoin printed yet"}, {"start": "00:13:50", "end": "00:13:55", "text": "another higher high. And so that was"}, {"start": "00:13:52", "end": "00:13:57", "text": "already confirmation that that was going"}, {"start": "00:13:55", "end": "00:14:00", "text": "to be at the top because you saw the"}, {"start": "00:13:57", "end": "00:14:02", "text": "divergence in price and the strength of"}, {"start": "00:14:00", "end": "00:14:04", "text": "the price action. And then the counter"}, {"start": "00:14:02", "end": "00:14:06", "text": "trend rally that Bitcoin had which got"}, {"start": "00:14:04", "end": "00:14:09", "text": "rejected at the 21week EMA also"}, {"start": "00:14:06", "end": "00:14:11", "text": "corresponded to basically testing that"}, {"start": "00:14:09", "end": "00:14:12", "text": "trend line once again. And so we haven't"}, {"start": "00:14:11", "end": "00:14:14", "text": "tested it now. I've been sort of"}, {"start": "00:14:12", "end": "00:14:16", "text": "watching it for the last couple of"}, {"start": "00:14:14", "end": "00:14:18", "text": "months to see if we're going to. I don't"}, {"start": "00:14:16", "end": "00:14:20", "text": "know. I mean, we got pretty close to it"}, {"start": "00:14:18", "end": "00:14:22", "text": "in March, but then we sold off. And, you"}, {"start": "00:14:20", "end": "00:14:25", "text": "know, it's not that far away from it"}, {"start": "00:14:22", "end": "00:14:26", "text": "now. I have to imagine that a retest of"}, {"start": "00:14:25", "end": "00:14:29", "text": "this trend line would probably"}, {"start": "00:14:26", "end": "00:14:31", "text": "correspond to Bitcoin retesting that 21w"}, {"start": "00:14:29", "end": "00:14:33", "text": "week EMA. The problem is short-term"}, {"start": "00:14:31", "end": "00:14:34", "text": "price action is so hard to predict."}, {"start": "00:14:33", "end": "00:14:37", "text": "There's there's also a completely"}, {"start": "00:14:34", "end": "00:14:40", "text": "plausible outcome where Bitcoin sells"}, {"start": "00:14:37", "end": "00:14:42", "text": "off. Maybe there's some type of fear"}, {"start": "00:14:40", "end": "00:14:44", "text": "that the, you know, the conflicts will"}, {"start": "00:14:42", "end": "00:14:46", "text": "resume. Maybe it sells off and sweeps a"}, {"start": "00:14:44", "end": "00:14:48", "text": "low, then rallies and then drops, right?"}, {"start": "00:14:46", "end": "00:14:50", "text": "like it. I can't predict the short-term"}, {"start": "00:14:48", "end": "00:14:51", "text": "price action and I'm not trying to I'm"}, {"start": "00:14:50", "end": "00:14:53", "text": "just trying to give you guys examples of"}, {"start": "00:14:51", "end": "00:14:57", "text": "how you sort of mentally think about"}, {"start": "00:14:53", "end": "00:15:01", "text": "this stuff. Um because in my experience,"}, {"start": "00:14:57", "end": "00:15:03", "text": "the midterm years for Bitcoin will eat"}, {"start": "00:15:01", "end": "00:15:06", "text": "you alive because what they'll do is"}, {"start": "00:15:03", "end": "00:15:08", "text": "you'll get a big drop in the market."}, {"start": "00:15:06", "end": "00:15:10", "text": "The people that get the memo late, and I"}, {"start": "00:15:08", "end": "00:15:12", "text": "I was very vocal about if you're going"}, {"start": "00:15:10", "end": "00:15:12", "text": "to sell, not financial advice, but I was"}, {"start": "00:15:12", "end": "00:15:14", "text": "like, look, if you're going to sell"}, {"start": "00:15:12", "end": "00:15:16", "text": "crypto, the time to sell it's in Q4."}, {"start": "00:15:14", "end": "00:15:18", "text": "don't wait until the midterm year,"}, {"start": "00:15:16", "end": "00:15:20", "text": "right? The time to sell it is in Q4. A"}, {"start": "00:15:18", "end": "00:15:23", "text": "lot of people get the memo late and then"}, {"start": "00:15:20", "end": "00:15:24", "text": "they end up panic selling a low and then"}, {"start": "00:15:23", "end": "00:15:27", "text": "the market punishes them for a couple of"}, {"start": "00:15:24", "end": "00:15:29", "text": "months. They FOMO back in and then it"}, {"start": "00:15:27", "end": "00:15:30", "text": "ends up setting a lower high and then"}, {"start": "00:15:29", "end": "00:15:32", "text": "going down again. And that's kind of"}, {"start": "00:15:30", "end": "00:15:35", "text": "kind of explains kind of the psychology"}, {"start": "00:15:32", "end": "00:15:37", "text": "of the market is that the people that"}, {"start": "00:15:35", "end": "00:15:39", "text": "panic sell on these lows, the market"}, {"start": "00:15:37", "end": "00:15:41", "text": "then punishes them for a while by just"}, {"start": "00:15:39", "end": "00:15:44", "text": "generally trending up. And it's more so"}, {"start": "00:15:41", "end": "00:15:45", "text": "a timebased capitulation to the upside"}, {"start": "00:15:44", "end": "00:15:47", "text": "and the downside. So the people that"}, {"start": "00:15:45", "end": "00:15:49", "text": "panic sell, they're like, \"Oh no, the"}, {"start": "00:15:47", "end": "00:15:52", "text": "market's going to go off without me.\""}, {"start": "00:15:49", "end": "00:15:55", "text": "They end up capitulating by buying back"}, {"start": "00:15:52", "end": "00:15:57", "text": "in um right after some of them probably"}, {"start": "00:15:55", "end": "00:16:00", "text": "would have sold the bottom because they"}, {"start": "00:15:57", "end": "00:16:03", "text": "were relying more on sort of emotional"}, {"start": "00:16:00", "end": "00:16:05", "text": "uh investing rather than having a a"}, {"start": "00:16:03", "end": "00:16:08", "text": "plan. I would also draw your attention"}, {"start": "00:16:05", "end": "00:16:10", "text": "to the fact that 60K"}, {"start": "00:16:08", "end": "00:16:12", "text": "was always going to be an important"}, {"start": "00:16:10", "end": "00:16:16", "text": "level because we can see in a prior"}, {"start": "00:16:12", "end": "00:16:20", "text": "cycle 6K was an important level, right?"}, {"start": "00:16:16", "end": "00:16:23", "text": "Not only in 2018, but also in 2019 6K"}, {"start": "00:16:20", "end": "00:16:26", "text": "was an important level and Bitcoin"}, {"start": "00:16:23", "end": "00:16:30", "text": "ultimately found support at 6K in 2018"}, {"start": "00:16:26", "end": "00:16:33", "text": "and in 2019. But in both cases, it still"}, {"start": "00:16:30", "end": "00:16:35", "text": "eventually went lower. Even though the"}, {"start": "00:16:33", "end": "00:16:37", "text": "way we got there was different. 2018 was"}, {"start": "00:16:35", "end": "00:16:40", "text": "just, you know, lower highs and then"}, {"start": "00:16:37", "end": "00:16:42", "text": "eventually going straight down. 2019 was"}, {"start": "00:16:40", "end": "00:16:46", "text": "a breakout and then a recession, but we"}, {"start": "00:16:42", "end": "00:16:48", "text": "still eventually went below it. Um, and"}, {"start": "00:16:46", "end": "00:16:50", "text": "so because of where we if this were if"}, {"start": "00:16:48", "end": "00:16:52", "text": "this were like much further along in the"}, {"start": "00:16:50", "end": "00:16:54", "text": "midterm year, then I might not be as"}, {"start": "00:16:52", "end": "00:16:57", "text": "deterministically"}, {"start": "00:16:54", "end": "00:16:59", "text": "uh bearish on it. But because we're only"}, {"start": "00:16:57", "end": "00:17:01", "text": "in Feb or because the low we've set so"}, {"start": "00:16:59", "end": "00:17:03", "text": "far has only been in February, I think"}, {"start": "00:17:01", "end": "00:17:06", "text": "there's still got to be some reason to"}, {"start": "00:17:03", "end": "00:17:07", "text": "think, hey, like this might still uh"}, {"start": "00:17:06", "end": "00:17:08", "text": "there's still plenty of time. There's"}, {"start": "00:17:07", "end": "00:17:10", "text": "still more windows of weakness we have"}, {"start": "00:17:08", "end": "00:17:12", "text": "to get through. And some of those"}, {"start": "00:17:10", "end": "00:17:15", "text": "windows of weakness you could argue are"}, {"start": "00:17:12", "end": "00:17:18", "text": "like June and August and October."}, {"start": "00:17:15", "end": "00:17:21", "text": "If you look at the prior Bitcoin bare"}, {"start": "00:17:18", "end": "00:17:24", "text": "markets, you'll see that in 2014,"}, {"start": "00:17:21", "end": "00:17:27", "text": "the main windows were February, April,"}, {"start": "00:17:24", "end": "00:17:33", "text": "uh, October, and then January."}, {"start": "00:17:27", "end": "00:17:38", "text": "2018, it was February, April, June, and"}, {"start": "00:17:33", "end": "00:17:42", "text": "then December. And then 2022,"}, {"start": "00:17:38", "end": "00:17:45", "text": "it was early February. Um, and then you"}, {"start": "00:17:42", "end": "00:17:48", "text": "sort of had another major low in June"}, {"start": "00:17:45", "end": "00:17:50", "text": "and then another one in um, November. So"}, {"start": "00:17:48", "end": "00:17:53", "text": "June kind of stands out, but the only"}, {"start": "00:17:50", "end": "00:17:55", "text": "counterpoint to June is that in 2014,"}, {"start": "00:17:53", "end": "00:17:57", "text": "June ended up being a high rather than a"}, {"start": "00:17:55", "end": "00:17:59", "text": "low. And that was the one that I' I've"}, {"start": "00:17:57", "end": "00:18:00", "text": "sort of been eyeballing because I"}, {"start": "00:17:59", "end": "00:18:03", "text": "thought that this might be a relevant"}, {"start": "00:18:00", "end": "00:18:06", "text": "comparison if Bitcoin did set a lower"}, {"start": "00:18:03", "end": "00:18:07", "text": "low in April and maybe helped reset some"}, {"start": "00:18:06", "end": "00:18:09", "text": "of the indicators. And some of the"}, {"start": "00:18:07", "end": "00:18:12", "text": "indicators that I'm talking about are"}, {"start": "00:18:09", "end": "00:18:14", "text": "are things like the supply of Bitcoin in"}, {"start": "00:18:12", "end": "00:18:16", "text": "profit or loss, right? Like normally"}, {"start": "00:18:14", "end": "00:18:18", "text": "market cycle bottoms for Bitcoin occur"}, {"start": "00:18:16", "end": "00:18:22", "text": "after this metric crosses."}, {"start": "00:18:18", "end": "00:18:24", "text": "If you look at the MVRV Zcore, uh it"}, {"start": "00:18:22", "end": "00:18:26", "text": "market cycle lows tend to occur after"}, {"start": "00:18:24", "end": "00:18:28", "text": "this goes below zero, and that hasn't"}, {"start": "00:18:26", "end": "00:18:30", "text": "happened yet. If you look at things like"}, {"start": "00:18:28", "end": "00:18:32", "text": "the balance price and the realized price"}, {"start": "00:18:30", "end": "00:18:34", "text": "of Bitcoin, historically, market cycle"}, {"start": "00:18:32", "end": "00:18:36", "text": "lows occur after Bitcoin goes both below"}, {"start": "00:18:34", "end": "00:18:37", "text": "the realized price and the balance"}, {"start": "00:18:36", "end": "00:18:40", "text": "price. You can see that's what happened"}, {"start": "00:18:37", "end": "00:18:43", "text": "in 2011. It's what happened here in"}, {"start": "00:18:40", "end": "00:18:45", "text": "2015. It's what happened in 2018 and in"}, {"start": "00:18:43", "end": "00:18:47", "text": "2020 and in 2022. And it just hasn't"}, {"start": "00:18:45", "end": "00:18:49", "text": "happened yet. So, you could have argued"}, {"start": "00:18:47", "end": "00:18:52", "text": "if Bitcoin had set a lower low in early"}, {"start": "00:18:49", "end": "00:18:55", "text": "April, then perhaps that would have"}, {"start": "00:18:52", "end": "00:18:58", "text": "given more uh credence to the idea of"}, {"start": "00:18:55", "end": "00:18:59", "text": "that being a low that could last longer"}, {"start": "00:18:58", "end": "00:19:02", "text": "and and sort of making that comparison"}, {"start": "00:18:59", "end": "00:19:04", "text": "to 2014, but because it didn't, it it"}, {"start": "00:19:02", "end": "00:19:06", "text": "makes me not as sure about that. Now, I"}, {"start": "00:19:04", "end": "00:19:07", "text": "mentioned earlier that the you know,"}, {"start": "00:19:06", "end": "00:19:09", "text": "someone asked me the other day like what"}, {"start": "00:19:07", "end": "00:19:11", "text": "are the odds that Bitcoin eventually"}, {"start": "00:19:09", "end": "00:19:13", "text": "goes lower? I would still say there like"}, {"start": "00:19:11", "end": "00:19:15", "text": "a 70 to 75% chance that Bitcoin"}, {"start": "00:19:13", "end": "00:19:19", "text": "eventually goes below the low that has"}, {"start": "00:19:15", "end": "00:19:21", "text": "already been set. And"}, {"start": "00:19:19", "end": "00:19:22", "text": "the the the counterpoint though, right,"}, {"start": "00:19:21", "end": "00:19:24", "text": "because I feel like if you're going to"}, {"start": "00:19:22", "end": "00:19:26", "text": "have a view, you have to be able to"}, {"start": "00:19:24", "end": "00:19:28", "text": "explain the counter view. And the"}, {"start": "00:19:26", "end": "00:19:31", "text": "counterview, the counter point if you"}, {"start": "00:19:28", "end": "00:19:34", "text": "want to say that the low is in is to"}, {"start": "00:19:31", "end": "00:19:37", "text": "basically make the 2019 comparison and"}, {"start": "00:19:34", "end": "00:19:40", "text": "then say that we will not have any type"}, {"start": "00:19:37", "end": "00:19:43", "text": "of contraction at all in the markets in"}, {"start": "00:19:40", "end": "00:19:45", "text": "the economy at all despite the fact you"}, {"start": "00:19:43", "end": "00:19:47", "text": "know that all the charts show that it is"}, {"start": "00:19:45", "end": "00:19:50", "text": "a risk we have to think about. The the"}, {"start": "00:19:47", "end": "00:19:53", "text": "business cycle chart shows it the"}, {"start": "00:19:50", "end": "00:19:54", "text": "liquidity risk cycle chart shows it."}, {"start": "00:19:53", "end": "00:19:56", "text": "That's what you have to contend with."}, {"start": "00:19:54", "end": "00:19:59", "text": "And what I mean by that is if you look"}, {"start": "00:19:56", "end": "00:20:01", "text": "at the bare market in 2019 and compare"}, {"start": "00:19:59", "end": "00:20:03", "text": "it to the current one, this is around"}, {"start": "00:20:01", "end": "00:20:05", "text": "the area we found support at before"}, {"start": "00:20:03", "end": "00:20:08", "text": "getting a rally"}, {"start": "00:20:05", "end": "00:20:11", "text": "and then the recession hit. So that's"}, {"start": "00:20:08", "end": "00:20:13", "text": "kind of like the the um that's the"}, {"start": "00:20:11", "end": "00:20:15", "text": "counterpoint. That's the counterpoint"}, {"start": "00:20:13", "end": "00:20:17", "text": "is, you know, could it do something like"}, {"start": "00:20:15", "end": "00:20:21", "text": "that? And then when I was looking at"}, {"start": "00:20:17", "end": "00:20:23", "text": "2014, when I was looking at 2014, that's"}, {"start": "00:20:21", "end": "00:20:26", "text": "kind of 2014 actually looks like 2019 in"}, {"start": "00:20:23", "end": "00:20:29", "text": "this sense, right? It set a low and then"}, {"start": "00:20:26", "end": "00:20:32", "text": "it held that low for a while, rallied up"}, {"start": "00:20:29", "end": "00:20:33", "text": "above the bare market resistance band,"}, {"start": "00:20:32", "end": "00:20:36", "text": "and then sold off to a new low. You see"}, {"start": "00:20:33", "end": "00:20:38", "text": "that? Kind of the same thing happened in"}, {"start": "00:20:36", "end": "00:20:40", "text": "2019. If you think about it, there was a"}, {"start": "00:20:38", "end": "00:20:42", "text": "low that was set. We then rallied up"}, {"start": "00:20:40", "end": "00:20:44", "text": "above the bare market resistance band"}, {"start": "00:20:42", "end": "00:20:48", "text": "and then we had a sell off to a new low."}, {"start": "00:20:44", "end": "00:20:50", "text": "So, I wonder I I wonder if that's what"}, {"start": "00:20:48", "end": "00:20:54", "text": "what awaits us. And and by the way, you"}, {"start": "00:20:50", "end": "00:20:56", "text": "could even have in 2019 when that"}, {"start": "00:20:54", "end": "00:21:00", "text": "occurred, Bitcoin actually swept the low"}, {"start": "00:20:56", "end": "00:21:02", "text": "first, right? So, in 2019, Bitcoin swept"}, {"start": "00:21:00", "end": "00:21:04", "text": "the low that it had set before getting"}, {"start": "00:21:02", "end": "00:21:06", "text": "that rally. And that hasn't even"}, {"start": "00:21:04", "end": "00:21:08", "text": "happened yet."}, {"start": "00:21:06", "end": "00:21:10", "text": "I'm not saying it has to. I mean, in 20"}, {"start": "00:21:08", "end": "00:21:12", "text": "in 2014, it didn't, right? It had a low"}, {"start": "00:21:10", "end": "00:21:17", "text": "and then basically held it, rallied, and"}, {"start": "00:21:12", "end": "00:21:19", "text": "then sold off into into um October."}, {"start": "00:21:17", "end": "00:21:22", "text": "But I I do think it's important to look"}, {"start": "00:21:19", "end": "00:21:24", "text": "at this stuff because in my experience,"}, {"start": "00:21:22", "end": "00:21:25", "text": "and I mean, I know, you know, people say"}, {"start": "00:21:24", "end": "00:21:28", "text": "all sorts of stuff, but in my"}, {"start": "00:21:25", "end": "00:21:31", "text": "experience, midterm years just kind of"}, {"start": "00:21:28", "end": "00:21:32", "text": "eat people's portfolios alive because"}, {"start": "00:21:31", "end": "00:21:34", "text": "they're unwilling to sort of accept that"}, {"start": "00:21:32", "end": "00:21:36", "text": "these things can take place over long"}, {"start": "00:21:34", "end": "00:21:40", "text": "periods of time. They're unwilling to"}, {"start": "00:21:36", "end": "00:21:41", "text": "accept that you can have counter trend"}, {"start": "00:21:40", "end": "00:21:44", "text": "rallies and that there are windows of"}, {"start": "00:21:41", "end": "00:21:46", "text": "weakness. Sometimes those windows yield"}, {"start": "00:21:44", "end": "00:21:47", "text": "lower lows, sometime they yield double"}, {"start": "00:21:46", "end": "00:21:50", "text": "bottoms, sometimes they yield higher"}, {"start": "00:21:47", "end": "00:21:52", "text": "lows, but it doesn't mean that there's"}, {"start": "00:21:50", "end": "00:21:54", "text": "no more windows of weakness for the rest"}, {"start": "00:21:52", "end": "00:21:56", "text": "of the year. If this were October, it'd"}, {"start": "00:21:54", "end": "00:21:59", "text": "be a different story, but it's not. And"}, {"start": "00:21:56", "end": "00:22:02", "text": "I I still think this is something um to"}, {"start": "00:21:59", "end": "00:22:04", "text": "to consider uh for Bitcoin over the next"}, {"start": "00:22:02", "end": "00:22:06", "text": "um few months. So, we'll see if Bitcoin"}, {"start": "00:22:04", "end": "00:22:08", "text": "can can tag that bare market resistance"}, {"start": "00:22:06", "end": "00:22:11", "text": "band and what it'll sort of the reaction"}, {"start": "00:22:08", "end": "00:22:13", "text": "that it might have there. But I I do"}, {"start": "00:22:11", "end": "00:22:16", "text": "think for the reasons I mentioned,"}, {"start": "00:22:13", "end": "00:22:17", "text": "supply and profit and loss, um, as well"}, {"start": "00:22:16", "end": "00:22:20", "text": "as the other indicators that we talked"}, {"start": "00:22:17", "end": "00:22:22", "text": "about, the MBRBZ score, the balance"}, {"start": "00:22:20", "end": "00:22:25", "text": "price, the realized price, there's got"}, {"start": "00:22:22", "end": "00:22:29", "text": "to be some probability you assign to the"}, {"start": "00:22:25", "end": "00:22:30", "text": "low not being in. Okay? I in in my"}, {"start": "00:22:29", "end": "00:22:32", "text": "opinion, there's got to be some"}, {"start": "00:22:30", "end": "00:22:34", "text": "probability you assign to it. I assign a"}, {"start": "00:22:32", "end": "00:22:39", "text": "higher probability to that idea than the"}, {"start": "00:22:34", "end": "00:22:41", "text": "low being in. Although I do I I can see,"}, {"start": "00:22:39", "end": "00:22:43", "text": "you know, the 2019 comparison could be"}, {"start": "00:22:41", "end": "00:22:45", "text": "compelling if you're willing to"}, {"start": "00:22:43", "end": "00:22:47", "text": "basically say that we escape this"}, {"start": "00:22:45", "end": "00:22:50", "text": "without any type of contraction. And the"}, {"start": "00:22:47", "end": "00:22:53", "text": "reason why I'm not so optimistic about"}, {"start": "00:22:50", "end": "00:22:57", "text": "that idea is because when you look at"}, {"start": "00:22:53", "end": "00:22:59", "text": "the ITC business cycle chart, which"}, {"start": "00:22:57", "end": "00:23:00", "text": "again is the S&P 500 divided by the"}, {"start": "00:22:59", "end": "00:23:02", "text": "unemployment rate squared multiplied by"}, {"start": "00:23:00", "end": "00:23:04", "text": "US inflation rate year-over-year"}, {"start": "00:23:02", "end": "00:23:06", "text": "multiplied by US interest rates"}, {"start": "00:23:04", "end": "00:23:08", "text": "normalized by the money supply. All"}, {"start": "00:23:06", "end": "00:23:12", "text": "prior late business cycle environments"}, {"start": "00:23:08", "end": "00:23:14", "text": "have in fact ended um"}, {"start": "00:23:12", "end": "00:23:16", "text": "with a contraction, right? every single"}, {"start": "00:23:14", "end": "00:23:19", "text": "one of them where you know this started"}, {"start": "00:23:16", "end": "00:23:21", "text": "to really really come back down. The"}, {"start": "00:23:19", "end": "00:23:22", "text": "only you know the only counterpoint you"}, {"start": "00:23:21", "end": "00:23:24", "text": "could say is well what if we go back up"}, {"start": "00:23:22", "end": "00:23:26", "text": "for a very brief period and then it"}, {"start": "00:23:24", "end": "00:23:28", "text": "happens. But I mean you could argue this"}, {"start": "00:23:26", "end": "00:23:30", "text": "been doing that for years getting r"}, {"start": "00:23:28", "end": "00:23:33", "text": "little little rallies back up. There's"}, {"start": "00:23:30", "end": "00:23:37", "text": "also this move here in 1966 where you"}, {"start": "00:23:33", "end": "00:23:39", "text": "had uh a big sell-off by the S&P 500 and"}, {"start": "00:23:37", "end": "00:23:41", "text": "then it rallied for a little while, but"}, {"start": "00:23:39", "end": "00:23:44", "text": "again it after the low was set in March"}, {"start": "00:23:41", "end": "00:23:46", "text": "68, we only really marginally went above"}, {"start": "00:23:44", "end": "00:23:49", "text": "that later that year before the"}, {"start": "00:23:46", "end": "00:23:50", "text": "recession actually arrived. So I think"}, {"start": "00:23:49", "end": "00:23:52", "text": "for me, I'm going to have to look at"}, {"start": "00:23:50", "end": "00:23:54", "text": "this and say, look, it's a late business"}, {"start": "00:23:52", "end": "00:23:56", "text": "cycle environment. it has to be a"}, {"start": "00:23:54", "end": "00:23:58", "text": "consideration that we make that you"}, {"start": "00:23:56", "end": "00:24:00", "text": "could in fact see a lower price uh by"}, {"start": "00:23:58", "end": "00:24:02", "text": "Bitcoin later this year. And then also"}, {"start": "00:24:00", "end": "00:24:06", "text": "when you look at the liquidity risk"}, {"start": "00:24:02", "end": "00:24:08", "text": "dashboard that also more so looks like a"}, {"start": "00:24:06", "end": "00:24:10", "text": "late business cycle environment kind of"}, {"start": "00:24:08", "end": "00:24:12", "text": "like what we saw over here kind of a"}, {"start": "00:24:10", "end": "00:24:16", "text": "more extreme version of 2019 and then"}, {"start": "00:24:12", "end": "00:24:17", "text": "also what we saw back in 2006 2007 and"}, {"start": "00:24:16", "end": "00:24:19", "text": "and that's one of the reasons why you're"}, {"start": "00:24:17", "end": "00:24:21", "text": "not seeing rotations. It's the reason"}, {"start": "00:24:19", "end": "00:24:23", "text": "why you don't see a rotation from gold"}, {"start": "00:24:21", "end": "00:24:25", "text": "to stocks or stocks to Bitcoin or"}, {"start": "00:24:23", "end": "00:24:27", "text": "Bitcoin to altcoins. Instead, it goes"}, {"start": "00:24:25", "end": "00:24:29", "text": "altcoins bleed to Bitcoin, Bitcoin"}, {"start": "00:24:27", "end": "00:24:31", "text": "bleeds to stocks, and then stocks bleed"}, {"start": "00:24:29", "end": "00:24:32", "text": "to gold. And I think that's hard for a"}, {"start": "00:24:31", "end": "00:24:34", "text": "lot of people to consider because it's"}, {"start": "00:24:32", "end": "00:24:35", "text": "very different than what they know"}, {"start": "00:24:34", "end": "00:24:37", "text": "because what they know is has always"}, {"start": "00:24:35", "end": "00:24:39", "text": "been the opposite. They've always seen"}, {"start": "00:24:37", "end": "00:24:41", "text": "risk rolling up the curve rather than"}, {"start": "00:24:39", "end": "00:24:43", "text": "kind of rolling back down the curve. But"}, {"start": "00:24:41", "end": "00:24:44", "text": "that's where we are. And I know you"}, {"start": "00:24:43", "end": "00:24:45", "text": "might look at that and say, \"Well, no,"}, {"start": "00:24:44", "end": "00:24:48", "text": "Ben, you're wrong. Bitcoin dominance"}, {"start": "00:24:45", "end": "00:24:50", "text": "hasn't gone anywhere.\" It's true when"}, {"start": "00:24:48", "end": "00:24:54", "text": "you include stable coins, but when you"}, {"start": "00:24:50", "end": "00:24:56", "text": "exclude stable coins, Bitcoin dominance"}, {"start": "00:24:54", "end": "00:24:58", "text": "is still going up, right? Like it's been"}, {"start": "00:24:56", "end": "00:25:01", "text": "moving up since September of 2025 after"}, {"start": "00:24:58", "end": "00:25:03", "text": "that drop, it's just that stable coin"}, {"start": "00:25:01", "end": "00:25:05", "text": "dominance has gone up so much. And if"}, {"start": "00:25:03", "end": "00:25:08", "text": "you remember stable coin dominance, when"}, {"start": "00:25:05", "end": "00:25:08", "text": "you look at this,"}, {"start": "00:25:09", "end": "00:25:13", "text": "this pattern we've seen a thousand times"}, {"start": "00:25:11", "end": "00:25:17", "text": "over the last few years. And usually the"}, {"start": "00:25:13", "end": "00:25:19", "text": "first major breakout from a range is not"}, {"start": "00:25:17", "end": "00:25:21", "text": "the top. You usually get a big breakout"}, {"start": "00:25:19", "end": "00:25:22", "text": "consolidation for a while and then you"}, {"start": "00:25:21", "end": "00:25:25", "text": "get another move up and then that could"}, {"start": "00:25:22", "end": "00:25:27", "text": "be the top. But usually this first one"}, {"start": "00:25:25", "end": "00:25:29", "text": "uh is not. And so I think you're going"}, {"start": "00:25:27", "end": "00:25:31", "text": "to likely see this thing, you know,"}, {"start": "00:25:29", "end": "00:25:33", "text": "potentially interact with the 21week EMA"}, {"start": "00:25:31", "end": "00:25:36", "text": "in in the next few weeks and then"}, {"start": "00:25:33", "end": "00:25:40", "text": "perhaps start its next uh move up. So"}, {"start": "00:25:36", "end": "00:25:41", "text": "Bitcoin dominance is still going up. uh"}, {"start": "00:25:40", "end": "00:25:42", "text": "even though you might not see it on"}, {"start": "00:25:41", "end": "00:25:44", "text": "Trading View, it's because we're"}, {"start": "00:25:42", "end": "00:25:46", "text": "including stable coins. And you can see"}, {"start": "00:25:44", "end": "00:25:49", "text": "stable coin dominance, at least USDT and"}, {"start": "00:25:46", "end": "00:25:52", "text": "USDC, that's gone from around 5% to"}, {"start": "00:25:49", "end": "00:25:54", "text": "almost 11% today. So 6% of that market"}, {"start": "00:25:52", "end": "00:25:56", "text": "share has just gone to stable coins."}, {"start": "00:25:54", "end": "00:25:58", "text": "It's not going to the altcoin market."}, {"start": "00:25:56", "end": "00:26:01", "text": "And you can further verify that just by"}, {"start": "00:25:58", "end": "00:26:02", "text": "looking at total 2 minus USDT divided by"}, {"start": "00:26:01", "end": "00:26:05", "text": "Bitcoin and seeing that that's been"}, {"start": "00:26:02", "end": "00:26:06", "text": "trending down also since September 2025."}, {"start": "00:26:05", "end": "00:26:08", "text": "And really, it's been trending down"}, {"start": "00:26:06", "end": "00:26:10", "text": "since 2022. And one of the reasons it's"}, {"start": "00:26:08", "end": "00:26:12", "text": "been trending down since 2022, just like"}, {"start": "00:26:10", "end": "00:26:13", "text": "the advanced decline index of the top"}, {"start": "00:26:12", "end": "00:26:16", "text": "100 cryptocurrencies have been trending"}, {"start": "00:26:13", "end": "00:26:18", "text": "down since 2021, is because you could"}, {"start": "00:26:16", "end": "00:26:20", "text": "argue monetary policy and also just"}, {"start": "00:26:18", "end": "00:26:23", "text": "social interest has generally been"}, {"start": "00:26:20", "end": "00:26:25", "text": "dropping um in the in the cryptocurrency"}, {"start": "00:26:23", "end": "00:26:26", "text": "asset class. So, you know, any if you're"}, {"start": "00:26:25", "end": "00:26:28", "text": "going to hold anything in crypto,"}, {"start": "00:26:26", "end": "00:26:32", "text": "Bitcoin, in my opinion, is still a"}, {"start": "00:26:28", "end": "00:26:34", "text": "better hold because it it's um a lot of"}, {"start": "00:26:32", "end": "00:26:35", "text": "the altcoins, if we are if you if you"}, {"start": "00:26:34", "end": "00:26:37", "text": "think there's a chance we are in a late"}, {"start": "00:26:35", "end": "00:26:39", "text": "business cycle environment, a lot of"}, {"start": "00:26:37", "end": "00:26:41", "text": "these altcoins will never come back,"}, {"start": "00:26:39", "end": "00:26:42", "text": "right? They just won't. They can have"}, {"start": "00:26:41", "end": "00:26:44", "text": "counter trend rallies. But, I mean, look"}, {"start": "00:26:42", "end": "00:26:47", "text": "at them. Even even though Bitcoin is"}, {"start": "00:26:44", "end": "00:26:50", "text": "back up to 71K, a lot of these altcoins"}, {"start": "00:26:47", "end": "00:26:54", "text": "didn't really rally at all. And look at"}, {"start": "00:26:50", "end": "00:26:56", "text": "um like look at Total Three. That's it"}, {"start": "00:26:54", "end": "00:27:00", "text": "barely moved. Like total three is up 1%"}, {"start": "00:26:56", "end": "00:27:01", "text": "this week. All coins are up 1%."}, {"start": "00:27:00", "end": "00:27:03", "text": "Even though Bitcoin had a much larger"}, {"start": "00:27:01", "end": "00:27:05", "text": "rally where it went up three and a"}, {"start": "00:27:03", "end": "00:27:09", "text": "half%. So Bitcoin dominance is still"}, {"start": "00:27:05", "end": "00:27:10", "text": "going up. Bitcoin's moving up quicker"}, {"start": "00:27:09", "end": "00:27:14", "text": "than the altcoin market. And then when"}, {"start": "00:27:10", "end": "00:27:15", "text": "Bitcoin drops, altcoins tend to drop um"}, {"start": "00:27:14", "end": "00:27:17", "text": "a bit more. But those are my views."}, {"start": "00:27:15", "end": "00:27:19", "text": "Hopefully you guys like the content."}, {"start": "00:27:17", "end": "00:27:20", "text": "Make sure you subscribe. Give the video"}, {"start": "00:27:19", "end": "00:27:22", "text": "a thumbs up. If you want more insight,"}, {"start": "00:27:20", "end": "00:27:25", "text": "check out the sale at into the"}, {"start": "00:27:22", "end": "00:27:27", "text": "cryptoverse.com. I know it's a brutal"}, {"start": "00:27:25", "end": "00:27:29", "text": "market. Uh, but remember, there's always"}, {"start": "00:27:27", "end": "00:27:31", "text": "a bull market somewhere. And so, one of"}, {"start": "00:27:29", "end": "00:27:33", "text": "the ways that I get through these times"}, {"start": "00:27:31", "end": "00:27:36", "text": "is not by trying to time every single"}, {"start": "00:27:33", "end": "00:27:38", "text": "counter trend rally, but rather focusing"}, {"start": "00:27:36", "end": "00:27:39", "text": "on parts of the market that are in bull"}, {"start": "00:27:38", "end": "00:27:42", "text": "markets. And we've talked about those"}, {"start": "00:27:39", "end": "00:27:43", "text": "before. Energy, the energy sector has"}, {"start": "00:27:42", "end": "00:27:45", "text": "been doing incredibly well. Uh, the"}, {"start": "00:27:43", "end": "00:27:46", "text": "manufacturing sector, metals were doing"}, {"start": "00:27:45", "end": "00:27:48", "text": "really well at the beginning of the"}, {"start": "00:27:46", "end": "00:27:50", "text": "year. They're starting to get a little"}, {"start": "00:27:48", "end": "00:27:52", "text": "bit of a rene renewed bid recently."}, {"start": "00:27:50", "end": "00:27:54", "text": "Although I still think the highs for"}, {"start": "00:27:52", "end": "00:27:56", "text": "silver are likely in for the year as"}, {"start": "00:27:54", "end": "00:27:57", "text": "well as some of the other metals. Um,"}, {"start": "00:27:56", "end": "00:27:59", "text": "but remember, you can always make money"}, {"start": "00:27:57", "end": "00:28:00", "text": "because there's always a bull market"}, {"start": "00:27:59", "end": "00:28:02", "text": "somewhere. You just have to know where"}, {"start": "00:28:00", "end": "00:28:04", "text": "to look. And that's the reason why I"}, {"start": "00:28:02", "end": "00:28:05", "text": "elect not to take part in all these"}, {"start": "00:28:04", "end": "00:28:06", "text": "counter trend rallies. And at the"}, {"start": "00:28:05", "end": "00:28:07", "text": "beginning of the year, I said, \"Look,"}, {"start": "00:28:06", "end": "00:28:08", "text": "we're going to have plenty of"}, {"start": "00:28:07", "end": "00:28:10", "text": "counterturn rallies.\" And guess what?"}, {"start": "00:28:08", "end": "00:28:13", "text": "I'm not going to try to try to time"}, {"start": "00:28:10", "end": "00:28:15", "text": "them. Uh, and and this is why because"}, {"start": "00:28:13", "end": "00:28:17", "text": "you you just don't know. And one day"}, {"start": "00:28:15", "end": "00:28:20", "text": "things will seem so obvious like back in"}, {"start": "00:28:17", "end": "00:28:22", "text": "January Bitcoin was at 98K."}, {"start": "00:28:20", "end": "00:28:24", "text": "We put out a report saying no it's going"}, {"start": "00:28:22", "end": "00:28:26", "text": "to get rejected and then it dropped down"}, {"start": "00:28:24", "end": "00:28:28", "text": "to 60K"}, {"start": "00:28:26", "end": "00:28:30", "text": "and a lot of people were very sure back"}, {"start": "00:28:28", "end": "00:28:32", "text": "then as well. So we're going to wrap it"}, {"start": "00:28:30", "end": "00:28:33", "text": "up there. Thank you guys for tuning in."}, {"start": "00:28:32", "end": "00:28:37", "text": "Subscribe again. Check out the sale and"}, {"start": "00:28:33", "end": "00:28:37", "text": "I'll see you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Markets are ripping on this latest news"}, {"start": "00:00:02", "end": "00:00:06", "text": "out of the Middle East. Stocks in"}, {"start": "00:00:04", "end": "00:00:07", "text": "particular going crazy. Crypto even"}, {"start": "00:00:06", "end": "00:00:09", "text": "getting bid. That's how bullish things"}, {"start": "00:00:07", "end": "00:00:11", "text": "are right now. People are even buying"}, {"start": "00:00:09", "end": "00:00:12", "text": "the coins again, guys. We got the latest"}, {"start": "00:00:11", "end": "00:00:13", "text": "Bitcoin news for you. Some very"}, {"start": "00:00:12", "end": "00:00:15", "text": "interesting things that are being shown"}, {"start": "00:00:13", "end": "00:00:17", "text": "on chain right now. Meme coins making a"}, {"start": "00:00:15", "end": "00:00:20", "text": "resurgence and some stocks that I'm"}, {"start": "00:00:17", "end": "00:00:24", "text": "keeping my eye on right now. Let's go."}, {"start": "00:00:20", "end": "00:00:27", "text": "So, first and foremost, markets have"}, {"start": "00:00:24", "end": "00:00:29", "text": "loved this news. Trump says he would"}, {"start": "00:00:27", "end": "00:00:31", "text": "extend the Iran ceasefire. I think we"}, {"start": "00:00:29", "end": "00:00:32", "text": "have a very successful negotiation going"}, {"start": "00:00:31", "end": "00:00:34", "text": "on right now and I think it'll be if it"}, {"start": "00:00:32", "end": "00:00:35", "text": "happens it'll be announced fairly soon"}, {"start": "00:00:34", "end": "00:00:37", "text": "and they'll give us free oil, free"}, {"start": "00:00:35", "end": "00:00:39", "text": "hormones straight. Everything will be"}, {"start": "00:00:37", "end": "00:00:41", "text": "nice."}, {"start": "00:00:39", "end": "00:00:45", "text": "Seems like the offramp is coming very"}, {"start": "00:00:41", "end": "00:00:47", "text": "very soon. We even got this news today."}, {"start": "00:00:45", "end": "00:00:51", "text": "Trump says Iran has agreed to hand over"}, {"start": "00:00:47", "end": "00:00:54", "text": "its enriched uranium supply."}, {"start": "00:00:51", "end": "00:00:57", "text": "All right, rock and roll, man."}, {"start": "00:00:54", "end": "00:01:00", "text": "Cool. Great. Let's just get this all"}, {"start": "00:00:57", "end": "00:01:02", "text": "finished up with. Get the wrenched"}, {"start": "00:01:00", "end": "00:01:04", "text": "uranium out of Iran. Get the straight of"}, {"start": "00:01:02", "end": "00:01:06", "text": "Hormuz opened back up. Get everything"}, {"start": "00:01:04", "end": "00:01:08", "text": "repaired. Back to business as normal."}, {"start": "00:01:06", "end": "00:01:10", "text": "It's amazing. Actually, I would just"}, {"start": "00:01:08", "end": "00:01:14", "text": "like to mention this. It's amazing how"}, {"start": "00:01:10", "end": "00:01:16", "text": "quickly markets price in the future"}, {"start": "00:01:14", "end": "00:01:19", "text": "because it's not finished yet. The cease"}, {"start": "00:01:16", "end": "00:01:22", "text": "the final end terms for a conflict"}, {"start": "00:01:19", "end": "00:01:23", "text": "resolution have not been signed. But the"}, {"start": "00:01:22", "end": "00:01:25", "text": "market's looking at it going like, \"Oh"}, {"start": "00:01:23", "end": "00:01:26", "text": "yeah, definitely we're going to have a"}, {"start": "00:01:25", "end": "00:01:28", "text": "resolution to this conflict.\" And"}, {"start": "00:01:26", "end": "00:01:30", "text": "there's still multimonth"}, {"start": "00:01:28", "end": "00:01:33", "text": "disruptions to the global energy"}, {"start": "00:01:30", "end": "00:01:36", "text": "markets. We still have"}, {"start": "00:01:33", "end": "00:01:37", "text": "multi-year disruptions to the liqufied"}, {"start": "00:01:36", "end": "00:01:41", "text": "natural gas markets. Like there's a lot"}, {"start": "00:01:37", "end": "00:01:44", "text": "of stuff that's been dealt damage, but"}, {"start": "00:01:41", "end": "00:01:46", "text": "the market doesn't care. The market's"}, {"start": "00:01:44", "end": "00:01:50", "text": "saying that it'll all be fixed at some"}, {"start": "00:01:46", "end": "00:01:52", "text": "point. S&P 500 futures ripping today on"}, {"start": "00:01:50", "end": "00:01:54", "text": "open. I know it only says 0.2% right"}, {"start": "00:01:52", "end": "00:01:56", "text": "there, but it's the implied opens at"}, {"start": "00:01:54", "end": "00:01:59", "text": "7091."}, {"start": "00:01:56", "end": "00:02:02", "text": "Now, for reference, that is up here,"}, {"start": "00:01:59", "end": "00:02:06", "text": "meaning that today from yesterday's"}, {"start": "00:02:02", "end": "00:02:11", "text": "close, we have about a 0.6"}, {"start": "00:02:06", "end": "00:02:13", "text": "0.7% move higher just on market open."}, {"start": "00:02:11", "end": "00:02:15", "text": "Markets absolutely ripping. This is the"}, {"start": "00:02:13", "end": "00:02:17", "text": "S&P of 100. Again, this is like a huge"}, {"start": "00:02:15", "end": "00:02:20", "text": "multi-t trillion dollar index. This is"}, {"start": "00:02:17", "end": "00:02:22", "text": "up 12%"}, {"start": "00:02:20", "end": "00:02:24", "text": "in 13 trading days. This does not happen"}, {"start": "00:02:22", "end": "00:02:26", "text": "very often. This is the wildest V-shaped"}, {"start": "00:02:24", "end": "00:02:29", "text": "recovery we've seen in a very, very long"}, {"start": "00:02:26", "end": "00:02:30", "text": "time in markets. This was the Iran war."}, {"start": "00:02:29", "end": "00:02:32", "text": "This was when everybody figured out that"}, {"start": "00:02:30", "end": "00:02:34", "text": "Trump was going to find some kind of"}, {"start": "00:02:32", "end": "00:02:36", "text": "taco. Bada bing, bada boom. Conflict"}, {"start": "00:02:34", "end": "00:02:39", "text": "being resolved, straight reopening"}, {"start": "00:02:36", "end": "00:02:41", "text": "probably soon, all this sort of stuff."}, {"start": "00:02:39", "end": "00:02:43", "text": "Great news. Market loved it. And look at"}, {"start": "00:02:41", "end": "00:02:44", "text": "the first signs of well, there's"}, {"start": "00:02:43", "end": "00:02:48", "text": "probably going to be some kind of deal"}, {"start": "00:02:44", "end": "00:02:50", "text": "made. The market reversed violently."}, {"start": "00:02:48", "end": "00:02:52", "text": "Crazy. Love to see it. Also, I want to"}, {"start": "00:02:50", "end": "00:02:55", "text": "show this to you. This is the Russell"}, {"start": "00:02:52", "end": "00:02:57", "text": "2000. This is the US uh small cap index"}, {"start": "00:02:55", "end": "00:02:59", "text": "of 2000 lower cap stocks. So, you can"}, {"start": "00:02:57", "end": "00:03:01", "text": "see this is absolutely ripping here as"}, {"start": "00:02:59", "end": "00:03:03", "text": "well after essentially breaking out back"}, {"start": "00:03:01", "end": "00:03:06", "text": "here. And this is, by the way, a very"}, {"start": "00:03:03", "end": "00:03:07", "text": "technically bullish move cuz what did we"}, {"start": "00:03:06", "end": "00:03:10", "text": "have? And this is going all the way back"}, {"start": "00:03:07", "end": "00:03:14", "text": "to 2021, right? So, we had these two"}, {"start": "00:03:10", "end": "00:03:15", "text": "peaks here. Okay, here we very slightly"}, {"start": "00:03:14", "end": "00:03:17", "text": "got above it, but really these kind of"}, {"start": "00:03:15", "end": "00:03:19", "text": "area basically held as the main area of"}, {"start": "00:03:17", "end": "00:03:20", "text": "price resistance. Then we got a real"}, {"start": "00:03:19", "end": "00:03:25", "text": "breakout here in November, pushed"}, {"start": "00:03:20", "end": "00:03:28", "text": "higher, came back down, retested the"}, {"start": "00:03:25", "end": "00:03:29", "text": "previous multi-year resistance as"}, {"start": "00:03:28", "end": "00:03:33", "text": "support flipped it, and has just"}, {"start": "00:03:29", "end": "00:03:34", "text": "absolutely ripped higher. Currently on"}, {"start": "00:03:33", "end": "00:03:38", "text": "track for probably opening at new"}, {"start": "00:03:34", "end": "00:03:40", "text": "all-time highs today."}, {"start": "00:03:38", "end": "00:03:41", "text": "Very interesting. Now, this is good"}, {"start": "00:03:40", "end": "00:03:43", "text": "because, of course, we talked a lot"}, {"start": "00:03:41", "end": "00:03:46", "text": "about the correlation between these"}, {"start": "00:03:43", "end": "00:03:48", "text": "lower cap stocks and altcoins. So,"}, {"start": "00:03:46", "end": "00:03:52", "text": "perhaps there'll be some kind of hope"}, {"start": "00:03:48", "end": "00:03:55", "text": "for your shitcoin bags moving forward."}, {"start": "00:03:52", "end": "00:03:56", "text": "Praying. We're praying, guys."}, {"start": "00:03:55", "end": "00:03:59", "text": "Trades over here on Bit Unix. Currently,"}, {"start": "00:03:56", "end": "00:04:01", "text": "the Bitcoin trade, both Bitcoin and"}, {"start": "00:03:59", "end": "00:04:03", "text": "Salon trades, by the way, I have moved"}, {"start": "00:04:01", "end": "00:04:05", "text": "the stop losses to break even. I shared"}, {"start": "00:04:03", "end": "00:04:08", "text": "all these trades with you, of course, as"}, {"start": "00:04:05", "end": "00:04:09", "text": "we entered them here on the channel. So,"}, {"start": "00:04:08", "end": "00:04:12", "text": "you guys had the opportunity to uh hop"}, {"start": "00:04:09", "end": "00:04:14", "text": "on these if you wanted to. Anyway,"}, {"start": "00:04:12", "end": "00:04:16", "text": "they've moved we've moved the uh stop"}, {"start": "00:04:14", "end": "00:04:20", "text": "losses to break even. So, it's at $83"}, {"start": "00:04:16", "end": "00:04:22", "text": "for Salana, $7100 for Bitcoin. The"}, {"start": "00:04:20", "end": "00:04:24", "text": "takerit for Bitcoin is remaining at"}, {"start": "00:04:22", "end": "00:04:26", "text": "$77,000."}, {"start": "00:04:24", "end": "00:04:28", "text": "The take profit for Salana is remaining"}, {"start": "00:04:26", "end": "00:04:29", "text": "at $98."}, {"start": "00:04:28", "end": "00:04:32", "text": "We got some very interesting charts with"}, {"start": "00:04:29", "end": "00:04:34", "text": "you here in a minute on those as well."}, {"start": "00:04:32", "end": "00:04:36", "text": "Salana. If we get over 90, I'm probably"}, {"start": "00:04:34", "end": "00:04:38", "text": "going to trail the stop up to like 85,"}, {"start": "00:04:36", "end": "00:04:39", "text": "86 or something. So, if the price does"}, {"start": "00:04:38", "end": "00:04:41", "text": "reverse, then hey, at least, you know,"}, {"start": "00:04:39", "end": "00:04:43", "text": "made some money on it versus just"}, {"start": "00:04:41", "end": "00:04:45", "text": "rounding the whole thing. Bitcoin's"}, {"start": "00:04:43", "end": "00:04:47", "text": "getting tantalizingly close, but also"}, {"start": "00:04:45", "end": "00:04:50", "text": "stocks have had this incredible run."}, {"start": "00:04:47", "end": "00:04:51", "text": "SP00, the NASDAQ,"}, {"start": "00:04:50", "end": "00:04:53", "text": "there's probably a cooling off period"}, {"start": "00:04:51", "end": "00:04:56", "text": "coming soon, especially if they do"}, {"start": "00:04:53", "end": "00:04:58", "text": "actually announce an end to the war and"}, {"start": "00:04:56", "end": "00:05:00", "text": "both sides signing some kind of"}, {"start": "00:04:58", "end": "00:05:01", "text": "agreement. That's probably going to be a"}, {"start": "00:05:00", "end": "00:05:03", "text": "sell the news event in the very short"}, {"start": "00:05:01", "end": "00:05:04", "text": "term. Long term, of course, everybody"}, {"start": "00:05:03", "end": "00:05:06", "text": "gets back to business as usual. Markets"}, {"start": "00:05:04", "end": "00:05:09", "text": "all pump, stocks continue going up only"}, {"start": "00:05:06", "end": "00:05:11", "text": "until we hit the uh the new great"}, {"start": "00:05:09", "end": "00:05:13", "text": "depression in 2028 or whatever. Anyway,"}, {"start": "00:05:11", "end": "00:05:15", "text": "link down below if you want to join me"}, {"start": "00:05:13", "end": "00:05:18", "text": "trading over on Bit Unix. 3 days left"}, {"start": "00:05:15", "end": "00:05:21", "text": "for this current deal. And here is the"}, {"start": "00:05:18", "end": "00:05:22", "text": "deal. Okay, you can trade stocks like we"}, {"start": "00:05:21", "end": "00:05:24", "text": "got that great Tesla trade over on Bit"}, {"start": "00:05:22", "end": "00:05:26", "text": "Unix this week. So you can trade stocks,"}, {"start": "00:05:24", "end": "00:05:28", "text": "you can trade crypto, you can trade"}, {"start": "00:05:26", "end": "00:05:31", "text": "metals, you can trade oil, all that kind"}, {"start": "00:05:28", "end": "00:05:32", "text": "of stuff. They got you covered. They got"}, {"start": "00:05:31", "end": "00:05:34", "text": "the markets you want to trade. They got"}, {"start": "00:05:32", "end": "00:05:36", "text": "the liquidity that you need. You can"}, {"start": "00:05:34", "end": "00:05:39", "text": "long, you can short, all from one"}, {"start": "00:05:36", "end": "00:05:40", "text": "account. It's mind-bogglingly easy. And"}, {"start": "00:05:39", "end": "00:05:41", "text": "when you sign up, use the link down"}, {"start": "00:05:40", "end": "00:05:43", "text": "below. Deposit a,000 bucks, you get 200"}, {"start": "00:05:41", "end": "00:05:46", "text": "bucks back. You deposit 2,000 bucks."}, {"start": "00:05:43", "end": "00:05:48", "text": "They're putting $400 cash back deposit"}, {"start": "00:05:46", "end": "00:05:50", "text": "bonus. All you have to do is deposit the"}, {"start": "00:05:48", "end": "00:05:52", "text": "money and you get the bonus. These are"}, {"start": "00:05:50", "end": "00:05:53", "text": "crazy deals. Link down below. Go check"}, {"start": "00:05:52", "end": "00:05:56", "text": "it out. Now available to anyone,"}, {"start": "00:05:53", "end": "00:05:58", "text": "anywhere. That's you. Okay, check it"}, {"start": "00:05:56", "end": "00:06:00", "text": "out. Okay, continuing. Look at this."}, {"start": "00:05:58", "end": "00:06:03", "text": "This is insane. Wales have accumulated"}, {"start": "00:06:00", "end": "00:06:05", "text": "270,000 Bitcoin in 30 days. Largest"}, {"start": "00:06:03", "end": "00:06:06", "text": "buying spree since 2013. Exchange"}, {"start": "00:06:05", "end": "00:06:11", "text": "reserves are at their lowest since"}, {"start": "00:06:06", "end": "00:06:13", "text": "December 2017. Yo, it's crazy, man."}, {"start": "00:06:11", "end": "00:06:16", "text": "Now, I know we talk a lot about Michael"}, {"start": "00:06:13", "end": "00:06:18", "text": "Sailor buying because, of course, he"}, {"start": "00:06:16", "end": "00:06:21", "text": "buys a lot and it's very public about"}, {"start": "00:06:18", "end": "00:06:24", "text": "it. I know we talk a lot about the ETFs,"}, {"start": "00:06:21", "end": "00:06:26", "text": "but you have to understand that even"}, {"start": "00:06:24", "end": "00:06:29", "text": "sailor size."}, {"start": "00:06:26", "end": "00:06:31", "text": "Well, it is size, but you know, look at"}, {"start": "00:06:29", "end": "00:06:33", "text": "the whales. Look at the whales. The the"}, {"start": "00:06:31", "end": "00:06:36", "text": "whales in Bitcoin, they got so much"}, {"start": "00:06:33", "end": "00:06:39", "text": "money, it's crazy, man. These MFers have"}, {"start": "00:06:36", "end": "00:06:42", "text": "bought 270,000"}, {"start": "00:06:39", "end": "00:06:44", "text": "coins in the last 30 days. That's about"}, {"start": "00:06:42", "end": "00:06:46", "text": "half of Michael Sailor's stack. Not"}, {"start": "00:06:44", "end": "00:06:48", "text": "quite. Maybe a third of it, 40% of it,"}, {"start": "00:06:46", "end": "00:06:52", "text": "something like that. But just for"}, {"start": "00:06:48", "end": "00:06:54", "text": "reference, that's a lot of coins. Okay,"}, {"start": "00:06:52", "end": "00:06:56", "text": "so Bitcoin whales have been looking at"}, {"start": "00:06:54", "end": "00:07:00", "text": "the recent price action saying, \"Looks"}, {"start": "00:06:56", "end": "00:07:02", "text": "good. I am buying [�__�] tons of BTC spot"}, {"start": "00:07:00", "end": "00:07:04", "text": "here.\" This is very fascinating because"}, {"start": "00:07:02", "end": "00:07:06", "text": "again, at the same time, sailor buying,"}, {"start": "00:07:04", "end": "00:07:08", "text": "ETFs been buying. It's not like Bitfinex"}, {"start": "00:07:06", "end": "00:07:11", "text": "Wales are the only ones buying either."}, {"start": "00:07:08", "end": "00:07:13", "text": "Others are buying too. Now, I know I"}, {"start": "00:07:11", "end": "00:07:15", "text": "know your favorite analysts are still"}, {"start": "00:07:13", "end": "00:07:17", "text": "saying, \"Well, we're going down to"}, {"start": "00:07:15", "end": "00:07:20", "text": "$10,000 or whatever.\" It's interesting"}, {"start": "00:07:17", "end": "00:07:21", "text": "that every low for Bitcoin, everybody's"}, {"start": "00:07:20", "end": "00:07:24", "text": "always thought we're going lower. I"}, {"start": "00:07:21", "end": "00:07:26", "text": "remember this in 2018. Uh I think it was"}, {"start": "00:07:24", "end": "00:07:28", "text": "Tone Vays at the time. I like Tone,"}, {"start": "00:07:26", "end": "00:07:30", "text": "don't get me wrong, but just um I think"}, {"start": "00:07:28", "end": "00:07:32", "text": "Tone was calling for like $1,000"}, {"start": "00:07:30", "end": "00:07:33", "text": "Bitcoin. The price is at $3,000. Like,"}, {"start": "00:07:32", "end": "00:07:34", "text": "screw it, man. I'm just going to buy"}, {"start": "00:07:33", "end": "00:07:37", "text": "some more BTC. If it goes to a,000, I"}, {"start": "00:07:34", "end": "00:07:39", "text": "guess I'll buy some more. Whatever."}, {"start": "00:07:37", "end": "00:07:41", "text": "Similar situation. And I don't remember"}, {"start": "00:07:39", "end": "00:07:43", "text": "any the names of people uh calling for"}, {"start": "00:07:41", "end": "00:07:44", "text": "the, you know, new lows. We were at like"}, {"start": "00:07:43", "end": "00:07:47", "text": "15K, but we're like, well, we're"}, {"start": "00:07:44", "end": "00:07:49", "text": "obviously going to like 5K now or"}, {"start": "00:07:47", "end": "00:07:51", "text": "something like that. The goalposts"}, {"start": "00:07:49", "end": "00:07:53", "text": "always move, which makes it so tricky to"}, {"start": "00:07:51", "end": "00:07:54", "text": "perfectly time the bottoms. Now, I know"}, {"start": "00:07:53", "end": "00:07:57", "text": "maybe we still get the perfect fouryear"}, {"start": "00:07:54", "end": "00:07:59", "text": "cycle playing out for just the fact that"}, {"start": "00:07:57", "end": "00:08:00", "text": "this entire asset class is a giant meme"}, {"start": "00:07:59", "end": "00:08:03", "text": "and has no real rhyme and reason behind"}, {"start": "00:08:00", "end": "00:08:05", "text": "it except just it's just a stupid asset"}, {"start": "00:08:03", "end": "00:08:06", "text": "class where just you just every four"}, {"start": "00:08:05", "end": "00:08:08", "text": "years we just follow an exact same"}, {"start": "00:08:06", "end": "00:08:10", "text": "pattern to the exact same days and just"}, {"start": "00:08:08", "end": "00:08:13", "text": "makes zero sense except we just meme it"}, {"start": "00:08:10", "end": "00:08:15", "text": "into reality. If that's the case, then"}, {"start": "00:08:13", "end": "00:08:20", "text": "guess what? We're going to have a new"}, {"start": "00:08:15", "end": "00:08:22", "text": "low for BTC probably around 38 $40,000"}, {"start": "00:08:20", "end": "00:08:24", "text": "on like October 6th or something like"}, {"start": "00:08:22", "end": "00:08:26", "text": "that. A lot of stuff could happen to"}, {"start": "00:08:24", "end": "00:08:29", "text": "make that happen. Don't get me wrong,"}, {"start": "00:08:26", "end": "00:08:30", "text": "but currently currently at the very"}, {"start": "00:08:29", "end": "00:08:32", "text": "least we're getting a nice rally in the"}, {"start": "00:08:30", "end": "00:08:34", "text": "market. So, let's just enjoy it while it"}, {"start": "00:08:32", "end": "00:08:36", "text": "lasts."}, {"start": "00:08:34", "end": "00:08:38", "text": "Charting guy, this is very interesting."}, {"start": "00:08:36", "end": "00:08:39", "text": "I know what you're thinking. Lark's"}, {"start": "00:08:38", "end": "00:08:42", "text": "talking about the moon charts again."}, {"start": "00:08:39", "end": "00:08:43", "text": "Yeah, well, just hear me out. says it's"}, {"start": "00:08:42", "end": "00:08:44", "text": "unfortunate most people still don't"}, {"start": "00:08:43", "end": "00:08:47", "text": "understand how bullish this is. This is"}, {"start": "00:08:44", "end": "00:08:48", "text": "in reference to his moon chart here."}, {"start": "00:08:47", "end": "00:08:51", "text": "It's good to have moon charts in"}, {"start": "00:08:48", "end": "00:08:54", "text": "Bitcoin. Now look, this is about the"}, {"start": "00:08:51", "end": "00:08:56", "text": "lunar cycles. And you can see how have"}, {"start": "00:08:54", "end": "00:08:59", "text": "these cycles lined up previously."}, {"start": "00:08:56", "end": "00:09:01", "text": "Massive bull run, massive bull run,"}, {"start": "00:08:59", "end": "00:09:04", "text": "massive bull run. Well, guess what? We"}, {"start": "00:09:01", "end": "00:09:07", "text": "had the uh lunar eclipse again right"}, {"start": "00:09:04", "end": "00:09:10", "text": "here. Guess what? That lines up for once"}, {"start": "00:09:07", "end": "00:09:12", "text": "again a massive bull run. a bull run so"}, {"start": "00:09:10", "end": "00:09:16", "text": "big and so crazy that it probably"}, {"start": "00:09:12", "end": "00:09:17", "text": "doesn't end until like January 2029."}, {"start": "00:09:16", "end": "00:09:20", "text": "It could end sooner of course, but gosh"}, {"start": "00:09:17", "end": "00:09:22", "text": "darn that's crazy. If that plays out"}, {"start": "00:09:20", "end": "00:09:24", "text": "again, of course, it's all about the"}, {"start": "00:09:22", "end": "00:09:27", "text": "moon, baby. Just ignore everything else."}, {"start": "00:09:24", "end": "00:09:29", "text": "There are some people who say that uh"}, {"start": "00:09:27", "end": "00:09:31", "text": "charts are astrology for men. No,"}, {"start": "00:09:29", "end": "00:09:32", "text": "astrology is astrology for men. But"}, {"start": "00:09:31", "end": "00:09:33", "text": "anyway, it's interesting. It's"}, {"start": "00:09:32", "end": "00:09:35", "text": "fascinating how it's lined up"}, {"start": "00:09:33", "end": "00:09:38", "text": "previously, hasn't it? Anyway, so"}, {"start": "00:09:35", "end": "00:09:41", "text": "continuing Bitcoin. Oh my gosh. Got to"}, {"start": "00:09:38", "end": "00:09:44", "text": "$76,433"}, {"start": "00:09:41", "end": "00:09:47", "text": "today. So close. So close to my sell"}, {"start": "00:09:44", "end": "00:09:49", "text": "target. So close. Almost there. Almost"}, {"start": "00:09:47", "end": "00:09:51", "text": "there, guys. Hopefully, we get it. So,"}, {"start": "00:09:49", "end": "00:09:52", "text": "you can see this was the previous high"}, {"start": "00:09:51", "end": "00:09:53", "text": "back here in middle of March. We're"}, {"start": "00:09:52", "end": "00:09:55", "text": "still grinding up to the top end of the"}, {"start": "00:09:53", "end": "00:09:57", "text": "channel, which is now around 78K. So,"}, {"start": "00:09:55", "end": "00:09:59", "text": "maybe I should move my sell order up by"}, {"start": "00:09:57", "end": "00:10:00", "text": "$1,000, try to catch the top of the"}, {"start": "00:09:59", "end": "00:10:03", "text": "channel, but I feel like every time that"}, {"start": "00:10:00", "end": "00:10:05", "text": "I do that, it just stops just a bit"}, {"start": "00:10:03", "end": "00:10:06", "text": "short. probably just blast right through"}, {"start": "00:10:05", "end": "00:10:08", "text": "the channel and go straight to 88k. But"}, {"start": "00:10:06", "end": "00:10:09", "text": "anyway, you know what? I'm not I'm not"}, {"start": "00:10:08", "end": "00:10:11", "text": "that's that's not what my trade is"}, {"start": "00:10:09", "end": "00:10:14", "text": "about. I've set very clear parameters"}, {"start": "00:10:11", "end": "00:10:16", "text": "for this trade. If X happens, I take"}, {"start": "00:10:14", "end": "00:10:18", "text": "profit. That is hitting $77,000, which"}, {"start": "00:10:16", "end": "00:10:20", "text": "we're very close to doing right now. So"}, {"start": "00:10:18", "end": "00:10:22", "text": "hopefully we get the final grind up"}, {"start": "00:10:20", "end": "00:10:25", "text": "there and hit 77K either later today in"}, {"start": "00:10:22", "end": "00:10:27", "text": "trading or over the weekend."}, {"start": "00:10:25", "end": "00:10:29", "text": "Salana, now this is very interesting"}, {"start": "00:10:27", "end": "00:10:32", "text": "daily chart. So you can see Salana right"}, {"start": "00:10:29", "end": "00:10:35", "text": "here. Okay, big fat triangle forming up"}, {"start": "00:10:32", "end": "00:10:38", "text": "here. rising wedge pattern really. But"}, {"start": "00:10:35", "end": "00:10:40", "text": "let's just Okay, price broke up"}, {"start": "00:10:38", "end": "00:10:42", "text": "currently retesting the top of this"}, {"start": "00:10:40", "end": "00:10:46", "text": "trend line. So, as long as you stay"}, {"start": "00:10:42", "end": "00:10:50", "text": "above the 50-day, which is around $8740"}, {"start": "00:10:46", "end": "00:10:53", "text": "or so, then I think this is a successful"}, {"start": "00:10:50", "end": "00:10:55", "text": "retest on the top of this successful"}, {"start": "00:10:53", "end": "00:10:58", "text": "retest of the 50-day EMA and then it"}, {"start": "00:10:55", "end": "00:11:00", "text": "does grind up to around $98 in the"}, {"start": "00:10:58", "end": "00:11:02", "text": "coming days."}, {"start": "00:11:00", "end": "00:11:04", "text": "That's the plan. It's the plan, man."}, {"start": "00:11:02", "end": "00:11:06", "text": "Fingers crossed and I'll take my profits"}, {"start": "00:11:04", "end": "00:11:07", "text": "and walk away happily for that trade."}, {"start": "00:11:06", "end": "00:11:08", "text": "Shiv7 has been in crypto long enough to"}, {"start": "00:11:07", "end": "00:11:10", "text": "recognize the setup. The Fed chair"}, {"start": "00:11:08", "end": "00:11:12", "text": "nominee owns a lot of cryptos. Stock"}, {"start": "00:11:10", "end": "00:11:14", "text": "markets at record highs. Tax selling"}, {"start": "00:11:12", "end": "00:11:17", "text": "just ended today. Deutsche Boris bought"}, {"start": "00:11:14", "end": "00:11:19", "text": "into Kraken. Strategy has $21 billion"}, {"start": "00:11:17", "end": "00:11:23", "text": "left to spend. Every single person who"}, {"start": "00:11:19", "end": "00:11:25", "text": "matters is positioned. Are you"}, {"start": "00:11:23", "end": "00:11:27", "text": "uh Nate Garassi posted this? Look at"}, {"start": "00:11:25", "end": "00:11:29", "text": "these headlines from the past 24 hours."}, {"start": "00:11:27", "end": "00:11:31", "text": "Again, it's always like this guys, okay?"}, {"start": "00:11:29", "end": "00:11:34", "text": "the [�__�] end of the world and then"}, {"start": "00:11:31", "end": "00:11:37", "text": "they flip a switch. Boom. We're back."}, {"start": "00:11:34", "end": "00:11:39", "text": "See, it happens so many times in crypto."}, {"start": "00:11:37", "end": "00:11:42", "text": "Goldman's Bitcoin ETF push signals Wall"}, {"start": "00:11:39", "end": "00:11:44", "text": "Street taming of crypto. Cheapest"}, {"start": "00:11:42", "end": "00:11:48", "text": "Bitcoin ETF yet. Morgan Stanley uses"}, {"start": "00:11:44", "end": "00:11:50", "text": "0.14% fee to draw $und00 million in the"}, {"start": "00:11:48", "end": "00:11:52", "text": "first week. Charles Schwab to launch"}, {"start": "00:11:50", "end": "00:11:56", "text": "direct Bitcoin Ether trading to compete"}, {"start": "00:11:52", "end": "00:11:58", "text": "with Robin Hood. How a 233year-old inst"}, {"start": "00:11:56", "end": "00:11:59", "text": "Wall Street institution went all in on"}, {"start": "00:11:58", "end": "00:12:03", "text": "crypto. talking about the New York Stock"}, {"start": "00:11:59", "end": "00:12:07", "text": "Exchange. You getting the message yet?"}, {"start": "00:12:03", "end": "00:12:11", "text": "If an exhales did tell you that ah meme"}, {"start": "00:12:07", "end": "00:12:13", "text": "coins are back, you know,"}, {"start": "00:12:11", "end": "00:12:15", "text": "I just I've been thinking about buying"}, {"start": "00:12:13", "end": "00:12:17", "text": "some Pepe actually. I feel like that's"}, {"start": "00:12:15", "end": "00:12:19", "text": "like a mature, you know, gentleman's"}, {"start": "00:12:17", "end": "00:12:22", "text": "asset. Probably swapping something I eat"}, {"start": "00:12:19", "end": "00:12:24", "text": "to buy some Pepe. Haven't done that, but"}, {"start": "00:12:22", "end": "00:12:26", "text": "I don't know."}, {"start": "00:12:24", "end": "00:12:27", "text": "Meme coins make me feel old. How about"}, {"start": "00:12:26", "end": "00:12:30", "text": "that? All right. Don't Don't worry about"}, {"start": "00:12:27", "end": "00:12:33", "text": "the gray hair. It's the meme coins. Meme"}, {"start": "00:12:30", "end": "00:12:36", "text": "coins make me feel old. It's not my"}, {"start": "00:12:33", "end": "00:12:39", "text": "back. It's the meme coins. Anyway, so"}, {"start": "00:12:36", "end": "00:12:40", "text": "here's the story about today's memecoin"}, {"start": "00:12:39", "end": "00:12:42", "text": "runner that everybody's aping their"}, {"start": "00:12:40", "end": "00:12:44", "text": "[�__�] life savings into. There was"}, {"start": "00:12:42", "end": "00:12:48", "text": "this girl, Rebecca. She sadly passed"}, {"start": "00:12:44", "end": "00:12:49", "text": "away from cancer. I mean, just"}, {"start": "00:12:48", "end": "00:12:52", "text": "can't imagine the heartbreak as a"}, {"start": "00:12:49", "end": "00:12:53", "text": "parent. Anyway, that's the internet"}, {"start": "00:12:52", "end": "00:12:56", "text": "never wasted a good opportunity because"}, {"start": "00:12:53", "end": "00:12:58", "text": "now we have Elon Musk wrote this. And"}, {"start": "00:12:56", "end": "00:13:01", "text": "guess what? Now we have two competing"}, {"start": "00:12:58", "end": "00:13:04", "text": "versions of Asteroid. Now Rebecca's idea"}, {"start": "00:13:01", "end": "00:13:07", "text": "was that this little dog here, as you"}, {"start": "00:13:04", "end": "00:13:09", "text": "can see here, can you make Asteroid, her"}, {"start": "00:13:07", "end": "00:13:12", "text": "Shiva Enenu dog,"}, {"start": "00:13:09", "end": "00:13:14", "text": "uh the mascot for SpaceX,"}, {"start": "00:13:12", "end": "00:13:17", "text": "that was her that's dying girl's"}, {"start": "00:13:14", "end": "00:13:20", "text": "request. Okay,"}, {"start": "00:13:17", "end": "00:13:22", "text": "here we go. Now we have two asteroids."}, {"start": "00:13:20", "end": "00:13:24", "text": "One on Ethereum at about $20 million. I"}, {"start": "00:13:22", "end": "00:13:27", "text": "think it peaked around $25 million"}, {"start": "00:13:24", "end": "00:13:30", "text": "today. one on Salana around $5.5 million"}, {"start": "00:13:27", "end": "00:13:34", "text": "market cap."}, {"start": "00:13:30", "end": "00:13:34", "text": "A tale of two asteroid dogs."}, {"start": "00:13:34", "end": "00:13:38", "text": "I'm not buying either of them. How about"}, {"start": "00:13:36", "end": "00:13:40", "text": "that? How about that? I'm going to buy"}, {"start": "00:13:38", "end": "00:13:42", "text": "some more Bitcoin. Maybe some more"}, {"start": "00:13:40", "end": "00:13:45", "text": "Salana. I'm getting too old for this"}, {"start": "00:13:42", "end": "00:13:47", "text": "crap, man. I tell you. No. Anyway, Pepe"}, {"start": "00:13:45", "end": "00:13:49", "text": "Charts for serious mature investors."}, {"start": "00:13:47", "end": "00:13:52", "text": "Let's let's invest in frog coins instead"}, {"start": "00:13:49", "end": "00:13:55", "text": "of speculative dog asteroid coins. It's"}, {"start": "00:13:52", "end": "00:13:57", "text": "literally dog coin number 97, isn't it?"}, {"start": "00:13:55", "end": "00:14:00", "text": "I make jokes about that. Anyway, so"}, {"start": "00:13:57", "end": "00:14:01", "text": "look, Pepe has been a downtrend here for"}, {"start": "00:14:00", "end": "00:14:04", "text": "a while. It did have this initial sort"}, {"start": "00:14:01", "end": "00:14:06", "text": "of bounce above the EMA, still way under"}, {"start": "00:14:04", "end": "00:14:08", "text": "the 200, but I could see this easily"}, {"start": "00:14:06", "end": "00:14:10", "text": "outperforming ETH, especially at these"}, {"start": "00:14:08", "end": "00:14:12", "text": "levels. I mean, look, it's held up"}, {"start": "00:14:10", "end": "00:14:15", "text": "pretty well on this trend line right"}, {"start": "00:14:12", "end": "00:14:18", "text": "here. The thesis would be relatively"}, {"start": "00:14:15", "end": "00:14:22", "text": "simple. Grab a spot bag."}, {"start": "00:14:18", "end": "00:14:24", "text": "If it drops more than sort of uh 20%,"}, {"start": "00:14:22", "end": "00:14:26", "text": "which is not much for that, but if it"}, {"start": "00:14:24", "end": "00:14:29", "text": "drops 20%, cut the bag. No questions"}, {"start": "00:14:26", "end": "00:14:31", "text": "asked. The reason for that being is that"}, {"start": "00:14:29", "end": "00:14:33", "text": "it would now be underneath this trend"}, {"start": "00:14:31", "end": "00:14:36", "text": "line,"}, {"start": "00:14:33", "end": "00:14:39", "text": "which would be dicey territory for it."}, {"start": "00:14:36", "end": "00:14:40", "text": "However, the upside potential here to"}, {"start": "00:14:39", "end": "00:14:42", "text": "get back to all-time highs, which who"}, {"start": "00:14:40", "end": "00:14:44", "text": "the hell knows if Pepe even has the"}, {"start": "00:14:42", "end": "00:14:45", "text": "balls to do that anymore. But if it were"}, {"start": "00:14:44", "end": "00:14:48", "text": "to get back to all-time highs from"}, {"start": "00:14:45", "end": "00:14:49", "text": "around its current price,"}, {"start": "00:14:48", "end": "00:14:51", "text": "600% move, but doesn't need to go that"}, {"start": "00:14:49", "end": "00:14:53", "text": "far. I mean, you think ETH's going to go"}, {"start": "00:14:51", "end": "00:14:56", "text": "up 600% from here? I mean, it could."}, {"start": "00:14:53", "end": "00:14:57", "text": "Don't get me wrong, it could. But if if"}, {"start": "00:14:56", "end": "00:15:00", "text": "ETH does that, then this is going up"}, {"start": "00:14:57", "end": "00:15:02", "text": "like 6,000%. Just FYI. But anyway, I"}, {"start": "00:15:00", "end": "00:15:03", "text": "think more reasonable play would be to"}, {"start": "00:15:02", "end": "00:15:06", "text": "watch in this sort of major area of"}, {"start": "00:15:03", "end": "00:15:09", "text": "price around here. So, for like a 200%"}, {"start": "00:15:06", "end": "00:15:11", "text": "move potentially."}, {"start": "00:15:09", "end": "00:15:14", "text": "Anyway, I'm keeping an eye on that. I'll"}, {"start": "00:15:11", "end": "00:15:16", "text": "let you know. Galaxy Digital got a bag."}, {"start": "00:15:14", "end": "00:15:18", "text": "Of course, you can always find my"}, {"start": "00:15:16", "end": "00:15:20", "text": "portfolio disclosures in the link down"}, {"start": "00:15:18", "end": "00:15:23", "text": "below in the description."}, {"start": "00:15:20", "end": "00:15:24", "text": "Enjoy. It's not a list of what you"}, {"start": "00:15:23", "end": "00:15:26", "text": "should buy, by the way. It's just a list"}, {"start": "00:15:24", "end": "00:15:28", "text": "of the random [�__�] that I own. Galaxy"}, {"start": "00:15:26", "end": "00:15:29", "text": "Digital being one of those things. I"}, {"start": "00:15:28", "end": "00:15:32", "text": "like it as a crypto play. I like that"}, {"start": "00:15:29", "end": "00:15:33", "text": "they're getting into AI data centers. I"}, {"start": "00:15:32", "end": "00:15:34", "text": "know everybody and their mom's getting"}, {"start": "00:15:33", "end": "00:15:36", "text": "an AI data science. Well, they were"}, {"start": "00:15:34", "end": "00:15:39", "text": "doing it back here before. It was super"}, {"start": "00:15:36", "end": "00:15:41", "text": "cool to be fair. All right. Anyway, we"}, {"start": "00:15:39", "end": "00:15:46", "text": "can see the weekly chart weekly MACD"}, {"start": "00:15:41", "end": "00:15:48", "text": "bull cross days away. Not confirmed."}, {"start": "00:15:46", "end": "00:15:51", "text": "Not confirmed. Days away, though. Okay,"}, {"start": "00:15:48", "end": "00:15:52", "text": "not bad. And we have this big fat trend"}, {"start": "00:15:51", "end": "00:15:54", "text": "line coming here. So, this is one of"}, {"start": "00:15:52", "end": "00:15:55", "text": "those things I don't feel the need to"}, {"start": "00:15:54", "end": "00:15:57", "text": "rush, but I might actually do like a"}, {"start": "00:15:55", "end": "00:16:00", "text": "perp trade or something on that if we"}, {"start": "00:15:57", "end": "00:16:01", "text": "break here, which will be about $26."}, {"start": "00:16:00", "end": "00:16:04", "text": "It's going to say we get a week uh a"}, {"start": "00:16:01", "end": "00:16:06", "text": "daily or weekly close above around $26."}, {"start": "00:16:04", "end": "00:16:07", "text": "That could be the long signal to then at"}, {"start": "00:16:06", "end": "00:16:10", "text": "least try to push it back up to the"}, {"start": "00:16:07", "end": "00:16:12", "text": "previous highs around sort of $45"}, {"start": "00:16:10", "end": "00:16:14", "text": "or so approximately."}, {"start": "00:16:12", "end": "00:16:16", "text": "Not bad. Again, 200 week EMA. Look at"}, {"start": "00:16:14", "end": "00:16:19", "text": "that. Charlie Munger said buy the 200"}, {"start": "00:16:16", "end": "00:16:21", "text": "week and nobody [�__�] does. That's why"}, {"start": "00:16:19", "end": "00:16:23", "text": "Charlie Mer was a multi-billionaire."}, {"start": "00:16:21", "end": "00:16:25", "text": "Most people are not. Anyway,"}, {"start": "00:16:23", "end": "00:16:27", "text": "Oracle ah this thing, look at this"}, {"start": "00:16:25", "end": "00:16:30", "text": "weekly chart, man. This thing is"}, {"start": "00:16:27", "end": "00:16:31", "text": "absolutely effing ripping."}, {"start": "00:16:30", "end": "00:16:34", "text": "Don't bet against Larry Ellison. That's"}, {"start": "00:16:31", "end": "00:16:36", "text": "that's the that's the rule there. A"}, {"start": "00:16:34", "end": "00:16:37", "text": "confirmed weekly close above this, which"}, {"start": "00:16:36", "end": "00:16:40", "text": "pre-market showing this probably going"}, {"start": "00:16:37", "end": "00:16:43", "text": "to be the case. Above the 20we EMA means"}, {"start": "00:16:40", "end": "00:16:45", "text": "this is probably so effing back. Very"}, {"start": "00:16:43", "end": "00:16:48", "text": "interesting. Nice to see. Did I get a"}, {"start": "00:16:45", "end": "00:16:50", "text": "bag? No. No. I've just been DCAing into"}, {"start": "00:16:48", "end": "00:16:51", "text": "existing positions instead of buying new"}, {"start": "00:16:50", "end": "00:16:52", "text": "ones. But gosh darn it, I should have"}, {"start": "00:16:51", "end": "00:16:54", "text": "bought an Oracle position. I knew it."}, {"start": "00:16:52", "end": "00:16:55", "text": "Knew I should have threw in 50k in"}, {"start": "00:16:54", "end": "00:16:58", "text": "there. I've been talking about the damn"}, {"start": "00:16:55", "end": "00:17:02", "text": "thing for weeks. Did I buy it? No. No."}, {"start": "00:16:58", "end": "00:17:05", "text": "No. just ah near gr anyway it's fine"}, {"start": "00:17:02", "end": "00:17:07", "text": "we'll get the next one AMD absolutely"}, {"start": "00:17:05", "end": "00:17:09", "text": "ripping now this is the breakout here"}, {"start": "00:17:07", "end": "00:17:11", "text": "okay"}, {"start": "00:17:09", "end": "00:17:14", "text": "266"}, {"start": "00:17:11", "end": "00:17:16", "text": "we broke out what ideally you'd see is a"}, {"start": "00:17:14", "end": "00:17:19", "text": "a come back down to around to sort of"}, {"start": "00:17:16", "end": "00:17:20", "text": "266 area over the next few days retest"}, {"start": "00:17:19", "end": "00:17:23", "text": "that as a sort of technical bullish"}, {"start": "00:17:20", "end": "00:17:24", "text": "retest and then push higher now the"}, {"start": "00:17:23", "end": "00:17:27", "text": "implied price move here is absolutely"}, {"start": "00:17:24", "end": "00:17:29", "text": "massive I got a big spot bag of AMD so"}, {"start": "00:17:27", "end": "00:17:31", "text": "love to see this current price action,"}, {"start": "00:17:29", "end": "00:17:33", "text": "but the implied price action here is"}, {"start": "00:17:31", "end": "00:17:36", "text": "around $70. So that would be the"}, {"start": "00:17:33", "end": "00:17:38", "text": "breakout target for this. So ah so that"}, {"start": "00:17:36", "end": "00:17:41", "text": "about"}, {"start": "00:17:38", "end": "00:17:43", "text": "335 something like that be a nice move"}, {"start": "00:17:41", "end": "00:17:45", "text": "if it plays out. Of course we'll see."}, {"start": "00:17:43", "end": "00:17:48", "text": "AMD, as you can see, has been a wildly"}, {"start": "00:17:45", "end": "00:17:50", "text": "volatile stock, but one that's been"}, {"start": "00:17:48", "end": "00:17:52", "text": "pretty nice to uh to trade and keep an"}, {"start": "00:17:50", "end": "00:17:55", "text": "eye on. I've added I bought a bunch"}, {"start": "00:17:52", "end": "00:17:57", "text": "here, added a bunch more down here."}, {"start": "00:17:55", "end": "00:17:58", "text": "Rock and roll, man. Hey, here's an"}, {"start": "00:17:57", "end": "00:18:00", "text": "interesting thing, too, before we finish"}, {"start": "00:17:58", "end": "00:18:01", "text": "up."}, {"start": "00:18:00", "end": "00:18:03", "text": "I wonder if some of these nuclear stocks"}, {"start": "00:18:01", "end": "00:18:04", "text": "are going to make a comeback. You know,"}, {"start": "00:18:03", "end": "00:18:05", "text": "no, everybody was talking about these"}, {"start": "00:18:04", "end": "00:18:07", "text": "ones a few months ago, like these were"}, {"start": "00:18:05", "end": "00:18:11", "text": "the new coming of, you know, the best"}, {"start": "00:18:07", "end": "00:18:14", "text": "thing in in the investing world ever."}, {"start": "00:18:11", "end": "00:18:16", "text": "Here we go. Big fat as usual ascending"}, {"start": "00:18:14", "end": "00:18:17", "text": "triangles on a lot of these things."}, {"start": "00:18:16", "end": "00:18:20", "text": "Double top. It reminds me kind of the"}, {"start": "00:18:17", "end": "00:18:22", "text": "AMD chart. Not exactly. You can kind of"}, {"start": "00:18:20", "end": "00:18:24", "text": "see the double top sort of formed up"}, {"start": "00:18:22", "end": "00:18:26", "text": "over here. AMD trended more to the"}, {"start": "00:18:24", "end": "00:18:29", "text": "downside. This is more of a triangular"}, {"start": "00:18:26", "end": "00:18:32", "text": "pattern forming up. But still with the"}, {"start": "00:18:29", "end": "00:18:34", "text": "bounce here, perhaps price can push up"}, {"start": "00:18:32", "end": "00:18:36", "text": "and get this breakout trade beyond 27"}, {"start": "00:18:34", "end": "00:18:37", "text": "and push probably dramatically higher"}, {"start": "00:18:36", "end": "00:18:40", "text": "from there because the implied target"}, {"start": "00:18:37", "end": "00:18:42", "text": "for that's like a a $15 move. So it'"}, {"start": "00:18:40", "end": "00:18:45", "text": "break from here to like 45 or something"}, {"start": "00:18:42", "end": "00:18:46", "text": "like that. But watching that one. Don't"}, {"start": "00:18:45", "end": "00:18:48", "text": "have position right now. I do like"}, {"start": "00:18:46", "end": "00:18:49", "text": "nuclear stocks. I've got Camco. I've got"}, {"start": "00:18:48", "end": "00:18:51", "text": "Constellation. Those are just long-term"}, {"start": "00:18:49", "end": "00:18:52", "text": "holds though. But I can see this as a"}, {"start": "00:18:51", "end": "00:18:54", "text": "trade potentially forming up. If you"}, {"start": "00:18:52", "end": "00:18:56", "text": "want to join me, um, if you want, by the"}, {"start": "00:18:54", "end": "00:18:57", "text": "way, get our latest research and all"}, {"start": "00:18:56", "end": "00:18:59", "text": "that kind of stuff, there's a link down"}, {"start": "00:18:57", "end": "00:19:01", "text": "below for the inner circle. This is our"}, {"start": "00:18:59", "end": "00:19:03", "text": "private investor group, our community of"}, {"start": "00:19:01", "end": "00:19:05", "text": "traders where we are regularly posting"}, {"start": "00:19:03", "end": "00:19:08", "text": "long and short positions on stocks,"}, {"start": "00:19:05", "end": "00:19:10", "text": "crypto, metals, uh, research reports on"}, {"start": "00:19:08", "end": "00:19:12", "text": "all kinds of stuff, tech stocks,"}, {"start": "00:19:10", "end": "00:19:14", "text": "altcoins. This is the community that I"}, {"start": "00:19:12", "end": "00:19:15", "text": "wish I had had when I started off"}, {"start": "00:19:14", "end": "00:19:17", "text": "investing because investing alone kind"}, {"start": "00:19:15", "end": "00:19:18", "text": "of sucks to be honest. It's nice to have"}, {"start": "00:19:17", "end": "00:19:20", "text": "a community of people. It's nice to have"}, {"start": "00:19:18", "end": "00:19:21", "text": "people to bounce ideas off of, people to"}, {"start": "00:19:20", "end": "00:19:24", "text": "get support from when you need it."}, {"start": "00:19:21", "end": "00:19:27", "text": "That's us. Okay. Link down below. You'll"}, {"start": "00:19:24", "end": "00:19:28", "text": "get a 7day free trial. So, come in,"}, {"start": "00:19:27", "end": "00:19:30", "text": "check it out, see if it's for you or"}, {"start": "00:19:28", "end": "00:19:31", "text": "not. We'd love to see you. Thank you so"}, {"start": "00:19:30", "end": "00:19:34", "text": "much. See you back in the next video."}, {"start": "00:19:31", "end": "00:19:34", "text": "Peace."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "They bomb babies and wars. They traffic"}, {"start": "00:00:01", "end": "00:00:04", "text": "children on private islands. They're"}, {"start": "00:00:03", "end": "00:00:08", "text": "corrupt beyond anything you have allowed"}, {"start": "00:00:04", "end": "00:00:09", "text": "your imagination to believe."}, {"start": "00:00:08", "end": "00:00:10", "text": "They fill their pockets while most"}, {"start": "00:00:09", "end": "00:00:12", "text": "people worry about what they're going to"}, {"start": "00:00:10", "end": "00:00:14", "text": "put on their tables tonight. The people"}, {"start": "00:00:12", "end": "00:00:16", "text": "running the world are not your friends."}, {"start": "00:00:14", "end": "00:00:17", "text": "In fact, they're monsters. They're not"}, {"start": "00:00:16", "end": "00:00:19", "text": "protecting you, they're protecting each"}, {"start": "00:00:17", "end": "00:00:20", "text": "other"}, {"start": "00:00:19", "end": "00:00:22", "text": "from you. So, here's what you do. You"}, {"start": "00:00:20", "end": "00:00:24", "text": "stop playing their game. Get rich, build"}, {"start": "00:00:22", "end": "00:00:27", "text": "independently, acquire multiple"}, {"start": "00:00:24", "end": "00:00:28", "text": "passports, protect your family. Do not,"}, {"start": "00:00:27", "end": "00:00:30", "text": "I repeat, do not [music] send your kids"}, {"start": "00:00:28", "end": "00:00:33", "text": "to die in World War III because I"}, {"start": "00:00:30", "end": "00:00:34", "text": "guarantee you this, the elites will not"}, {"start": "00:00:33", "end": "00:00:36", "text": "be sending their kids. The elites are"}, {"start": "00:00:34", "end": "00:00:37", "text": "already prepared. They got the bunkers,"}, {"start": "00:00:36", "end": "00:00:39", "text": "the second citizenship, the offshore"}, {"start": "00:00:37", "end": "00:00:40", "text": "accounts. You need to build your own"}, {"start": "00:00:39", "end": "00:00:44", "text": "sovereignty. Not because you hate the"}, {"start": "00:00:40", "end": "00:00:46", "text": "system, but because the system hates"}, {"start": "00:00:44", "end": "00:00:46", "text": "you."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "For 50 years, you needed dollars to buy"}, {"start": "00:00:02", "end": "00:00:06", "text": "oil. That was the [music] deal. That was"}, {"start": "00:00:03", "end": "00:00:08", "text": "America's real power. Not the military,"}, {"start": "00:00:06", "end": "00:00:10", "text": "the currency monopoly on energy. Okay."}, {"start": "00:00:08", "end": "00:00:12", "text": "Now, Iran is charging tolls in the"}, {"start": "00:00:10", "end": "00:00:14", "text": "Strait of Hormuz and demanding payment"}, {"start": "00:00:12", "end": "00:00:16", "text": "either in Bitcoin or Chinese yuan."}, {"start": "00:00:14", "end": "00:00:18", "text": "That's not a headline, that's signal."}, {"start": "00:00:16", "end": "00:00:19", "text": "The petrodollar isn't dying overnight,"}, {"start": "00:00:18", "end": "00:00:21", "text": "but it's being tested in ways it never"}, {"start": "00:00:19", "end": "00:00:22", "text": "has been before. When the world's energy"}, {"start": "00:00:21", "end": "00:00:24", "text": "stops being priced in dollars and starts"}, {"start": "00:00:22", "end": "00:00:25", "text": "getting priced in Chinese yuan, your"}, {"start": "00:00:24", "end": "00:00:27", "text": "savings, or salary, or retirement"}, {"start": "00:00:25", "end": "00:00:28", "text": "account, all of it gets repriced, too."}, {"start": "00:00:27", "end": "00:00:30", "text": "This is what they don't teach you in"}, {"start": "00:00:28", "end": "00:00:31", "text": "economic school. An [music] informed"}, {"start": "00:00:30", "end": "00:00:32", "text": "population would be asking very"}, {"start": "00:00:31", "end": "00:00:33", "text": "different questions right now. It's a"}, {"start": "00:00:32", "end": "00:00:34", "text": "good thing that no one's been taught"}, {"start": "00:00:33", "end": "00:00:37", "text": "about this You should start"}, {"start": "00:00:34", "end": "00:00:37", "text": "asking."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "just dead effing wrong. Once again, the"}, {"start": "00:00:03", "end": "00:00:08", "text": "bears will tell you that the world is"}, {"start": "00:00:05", "end": "00:00:10", "text": "literally going to end."}, {"start": "00:00:08", "end": "00:00:12", "text": "Everything's going to zero. And yet,"}, {"start": "00:00:10", "end": "00:00:14", "text": "here we are. Stock markets are at new"}, {"start": "00:00:12", "end": "00:00:16", "text": "all-time highs. And I know I I know I"}, {"start": "00:00:14", "end": "00:00:17", "text": "know crypto's being super lame right"}, {"start": "00:00:16", "end": "00:00:19", "text": "now, but perhaps there's a bit of hope"}, {"start": "00:00:17", "end": "00:00:20", "text": "there, too. I've got the charts for you"}, {"start": "00:00:19", "end": "00:00:22", "text": "today breaking down the news. What's"}, {"start": "00:00:20", "end": "00:00:26", "text": "going on? We better get into it. Let's"}, {"start": "00:00:22", "end": "00:00:28", "text": "go. First and foremost, Alice Krueger,"}, {"start": "00:00:26", "end": "00:00:29", "text": "the SP retracing the entire move down to"}, {"start": "00:00:28", "end": "00:00:30", "text": "tell bears that they are wrong,"}, {"start": "00:00:29", "end": "00:00:32", "text": "regardless of their view on the Iran"}, {"start": "00:00:30", "end": "00:00:34", "text": "war. That's technical analysis 2011."}, {"start": "00:00:32", "end": "00:00:37", "text": "Don't fight the trend. Don't fight the"}, {"start": "00:00:34", "end": "00:00:40", "text": "trend. Don't fight the trend, guys."}, {"start": "00:00:37", "end": "00:00:41", "text": "There you go. Holy cow, what a reversal."}, {"start": "00:00:40", "end": "00:00:44", "text": "By the way,"}, {"start": "00:00:41", "end": "00:00:46", "text": "the markets are literally just this meme"}, {"start": "00:00:44", "end": "00:00:49", "text": "on repeat like, \"Oh my god, the world's"}, {"start": "00:00:46", "end": "00:00:51", "text": "about to end.\" Yo, long everything."}, {"start": "00:00:49", "end": "00:00:52", "text": "This is bullish for the stock market,"}, {"start": "00:00:51", "end": "00:00:54", "text": "guys."}, {"start": "00:00:52", "end": "00:00:56", "text": "Iran has offered to allow ships to pass"}, {"start": "00:00:54", "end": "00:00:57", "text": "freely through the Omani side of the"}, {"start": "00:00:56", "end": "00:00:58", "text": "straight hormuz without risk of attack"}, {"start": "00:00:57", "end": "00:01:00", "text": "as part of its ongoing negotiations with"}, {"start": "00:00:58", "end": "00:01:02", "text": "the US. This is actually super big. Now"}, {"start": "00:01:00", "end": "00:01:03", "text": "traffic has been picking up a little bit"}, {"start": "00:01:02", "end": "00:01:06", "text": "in the straight so it's not back to"}, {"start": "00:01:03", "end": "00:01:08", "text": "pre-war levels by any means. But the"}, {"start": "00:01:06", "end": "00:01:10", "text": "fact that this has been offered that"}, {"start": "00:01:08", "end": "00:01:12", "text": "ships can now go through the straight."}, {"start": "00:01:10", "end": "00:01:15", "text": "This is big. Okay. Negotiations are"}, {"start": "00:01:12", "end": "00:01:17", "text": "ongoing. Conversations are happening."}, {"start": "00:01:15", "end": "00:01:18", "text": "Seems like at the moment, unless Donald"}, {"start": "00:01:17", "end": "00:01:20", "text": "Trump has another big surprise for us"}, {"start": "00:01:18", "end": "00:01:21", "text": "and launches some crazy ground invasion"}, {"start": "00:01:20", "end": "00:01:23", "text": "of a bunch of Iranian islands or"}, {"start": "00:01:21", "end": "00:01:25", "text": "something like that, that we could be"}, {"start": "00:01:23", "end": "00:01:27", "text": "moving towards an end of this conflict"}, {"start": "00:01:25", "end": "00:01:30", "text": "because the political cost, as I've been"}, {"start": "00:01:27", "end": "00:01:32", "text": "saying here for a while, is too high to"}, {"start": "00:01:30", "end": "00:01:34", "text": "keep this going. Donald Trump doesn't"}, {"start": "00:01:32", "end": "00:01:35", "text": "want to be remembered as the guy who"}, {"start": "00:01:34", "end": "00:01:37", "text": "caused the global economic depression,"}, {"start": "00:01:35", "end": "00:01:41", "text": "nor does he want to get slaughtered at"}, {"start": "00:01:37", "end": "00:01:43", "text": "the midterms in November. So, it's all"}, {"start": "00:01:41", "end": "00:01:46", "text": "done early in the year."}, {"start": "00:01:43", "end": "00:01:47", "text": "By summer, June, July, gas prices are"}, {"start": "00:01:46", "end": "00:01:50", "text": "back down. Everyone's going on road"}, {"start": "00:01:47", "end": "00:01:52", "text": "trips, having a good time. This is just"}, {"start": "00:01:50", "end": "00:01:54", "text": "a long distant memory nobody cares about"}, {"start": "00:01:52", "end": "00:01:56", "text": "anymore."}, {"start": "00:01:54", "end": "00:01:58", "text": "Coin trader Nick, this is very"}, {"start": "00:01:56", "end": "00:02:00", "text": "interesting. Look at this. Let me read"}, {"start": "00:01:58", "end": "00:02:04", "text": "it for you. zero of the three prior"}, {"start": "00:02:00", "end": "00:02:07", "text": "instances of a year one 20% draw down to"}, {"start": "00:02:04", "end": "00:02:12", "text": "a year 1 gain of 10% plus consecutive"}, {"start": "00:02:07", "end": "00:02:15", "text": "20% draw down in year two 1933 34 38 39"}, {"start": "00:02:12", "end": "00:02:17", "text": "80 81 recovered from a Q1 draw down to"}, {"start": "00:02:15", "end": "00:02:19", "text": "new all-time highs before making that"}, {"start": "00:02:17", "end": "00:02:20", "text": "second annual 20% draw down for what"}, {"start": "00:02:19", "end": "00:02:22", "text": "it's worth for those making the argument"}, {"start": "00:02:20", "end": "00:02:25", "text": "okay this is a lot lot of numbers there"}, {"start": "00:02:22", "end": "00:02:28", "text": "okay TLDDR he says for those making the"}, {"start": "00:02:25", "end": "00:02:29", "text": "argument that 2026 will still be a bare"}, {"start": "00:02:28", "end": "00:02:36", "text": "marketer for the SV 100. That has"}, {"start": "00:02:29", "end": "00:02:36", "text": "literally never happened before."}, {"start": "00:02:36", "end": "00:02:43", "text": "Interesting."}, {"start": "00:02:39", "end": "00:02:43", "text": "Very, very, very interesting."}, {"start": "00:02:44", "end": "00:02:54", "text": "We shall see how it plays out."}, {"start": "00:02:48", "end": "00:02:55", "text": "S&P futures opening up at 7,67."}, {"start": "00:02:54", "end": "00:02:58", "text": "Yo"}, {"start": "00:02:55", "end": "00:03:00", "text": "yo, what is up? New all-time high for"}, {"start": "00:02:58", "end": "00:03:03", "text": "the stock market yesterday, finished"}, {"start": "00:03:00", "end": "00:03:06", "text": "today at 7 uh 7,022."}, {"start": "00:03:03", "end": "00:03:09", "text": "Futures markets now indicating a further"}, {"start": "00:03:06", "end": "00:03:12", "text": "40 point jump for the S&P 500"}, {"start": "00:03:09", "end": "00:03:16", "text": "in what is again one of the most"}, {"start": "00:03:12", "end": "00:03:17", "text": "shocking and crazy and absolutely mental"}, {"start": "00:03:16", "end": "00:03:20", "text": "V-shaped recoveries in the history of"}, {"start": "00:03:17", "end": "00:03:22", "text": "markets. I think Trump uh tweeted"}, {"start": "00:03:20", "end": "00:03:26", "text": "something about don't be a panicking"}, {"start": "00:03:22", "end": "00:03:31", "text": "right around here at the 200 day EMA"}, {"start": "00:03:26", "end": "00:03:33", "text": "which was 65.85 on the S&P 500."}, {"start": "00:03:31", "end": "00:03:35", "text": "Don't don't fade Trump Reno. He gives"}, {"start": "00:03:33", "end": "00:03:37", "text": "signals man. He gives signals when he's"}, {"start": "00:03:35", "end": "00:03:38", "text": "ready to deescalate. I mean he literally"}, {"start": "00:03:37", "end": "00:03:41", "text": "said you know now is a great time to buy"}, {"start": "00:03:38", "end": "00:03:42", "text": "stocks. April of last year this wasn't"}, {"start": "00:03:41", "end": "00:03:45", "text": "that clear of a signal but he said did"}, {"start": "00:03:42", "end": "00:03:50", "text": "say don't be a panicking and here we go."}, {"start": "00:03:45", "end": "00:03:51", "text": "ever since that time. Gosh darn it."}, {"start": "00:03:50", "end": "00:03:53", "text": "By the way, I want to share this story"}, {"start": "00:03:51", "end": "00:03:56", "text": "because this is this is nuts. A shoe"}, {"start": "00:03:53", "end": "00:03:59", "text": "company lost 99.5% of it. Hey, it's a"}, {"start": "00:03:56", "end": "00:04:03", "text": "New Zeal New Zealand shoe company. Uh it"}, {"start": "00:03:59", "end": "00:04:06", "text": "sold the brand for $39 million. The new"}, {"start": "00:04:03", "end": "00:04:07", "text": "company renamed it to Newbird AI and"}, {"start": "00:04:06", "end": "00:04:08", "text": "that's now competing with Amazon Web"}, {"start": "00:04:07", "end": "00:04:11", "text": "Services. Now up uh actually I think"}, {"start": "00:04:08", "end": "00:04:12", "text": "it's up over about a,000%. This was 21"}, {"start": "00:04:11", "end": "00:04:14", "text": "hours ago. I think it went up a lot"}, {"start": "00:04:12", "end": "00:04:18", "text": "more. about about 1,000% in just a few"}, {"start": "00:04:14", "end": "00:04:20", "text": "days. Yeah. Now, look, I know what"}, {"start": "00:04:18", "end": "00:04:22", "text": "you're thinking, Lark, this is insanity."}, {"start": "00:04:20", "end": "00:04:24", "text": "Shoe companies are now rebranding to AI"}, {"start": "00:04:22", "end": "00:04:26", "text": "companies and they're going up 1,000% in"}, {"start": "00:04:24", "end": "00:04:30", "text": "a few days. This is the new economy,"}, {"start": "00:04:26", "end": "00:04:34", "text": "baby. But I don't think we're there yet."}, {"start": "00:04:30", "end": "00:04:38", "text": "I feel like personally"}, {"start": "00:04:34", "end": "00:04:41", "text": "27, late 27 or like mid 28, that's when"}, {"start": "00:04:38", "end": "00:04:42", "text": "markets finally top the f out like big"}, {"start": "00:04:41", "end": "00:04:45", "text": "time. And then we enter like a"}, {"start": "00:04:42", "end": "00:04:48", "text": "multi-year bare period. The reasoning"}, {"start": "00:04:45", "end": "00:04:51", "text": "for that AI capex is going to keep"}, {"start": "00:04:48", "end": "00:04:53", "text": "going. All these AI IPOs, open AI,"}, {"start": "00:04:51", "end": "00:04:56", "text": "Anthropic or stuff even like SpaceX,"}, {"start": "00:04:53", "end": "00:05:00", "text": "whatever. This stuff needs raging bull"}, {"start": "00:04:56", "end": "00:05:04", "text": "markets. We have $10 trillion plus of"}, {"start": "00:05:00", "end": "00:05:07", "text": "exit liquidity. You you that Wall Street"}, {"start": "00:05:04", "end": "00:05:09", "text": "wants to dump their [�__�] on."}, {"start": "00:05:07", "end": "00:05:10", "text": "They need a raging bull market where"}, {"start": "00:05:09", "end": "00:05:14", "text": "everybody believes everything can only"}, {"start": "00:05:10", "end": "00:05:16", "text": "go up and that only idiots are not"}, {"start": "00:05:14", "end": "00:05:18", "text": "throwing money at the top of the market."}, {"start": "00:05:16", "end": "00:05:20", "text": "That's the scenario when you'll see"}, {"start": "00:05:18", "end": "00:05:22", "text": "these IPOs come out."}, {"start": "00:05:20", "end": "00:05:24", "text": "Yes."}, {"start": "00:05:22", "end": "00:05:27", "text": "Yes. All birds going up a thousand"}, {"start": "00:05:24", "end": "00:05:31", "text": "percent or whatever has gone up since um"}, {"start": "00:05:27", "end": "00:05:33", "text": "the rebrand is ridiculous and definitely"}, {"start": "00:05:31", "end": "00:05:35", "text": "a sign that there is"}, {"start": "00:05:33", "end": "00:05:37", "text": "a few bubbles starting to come back up"}, {"start": "00:05:35", "end": "00:05:40", "text": "in the froth mix here for the markets."}, {"start": "00:05:37", "end": "00:05:43", "text": "But we are way way way way far away from"}, {"start": "00:05:40", "end": "00:05:44", "text": "a massive AI bubble, but it's coming."}, {"start": "00:05:43", "end": "00:05:46", "text": "Make no mistake, it's coming. We're"}, {"start": "00:05:44", "end": "00:05:48", "text": "going to see a hundred more of these"}, {"start": "00:05:46", "end": "00:05:50", "text": "stories. Uh quick update on the trades."}, {"start": "00:05:48", "end": "00:05:54", "text": "Bitcoin long still open. Salana long"}, {"start": "00:05:50", "end": "00:05:56", "text": "still open. Tesla hit the takerit. Boom."}, {"start": "00:05:54", "end": "00:05:58", "text": "Let's go. Let's go. Beautiful trade."}, {"start": "00:05:56", "end": "00:06:00", "text": "Actually, it went way beyond my"}, {"start": "00:05:58", "end": "00:06:02", "text": "expectation. Maybe I should have set a a"}, {"start": "00:06:00", "end": "00:06:03", "text": "trailing stop, but I did not. Took the"}, {"start": "00:06:02", "end": "00:06:07", "text": "money and ran. That's what I did."}, {"start": "00:06:03", "end": "00:06:09", "text": "Anyway, the Salana long, I've moved the"}, {"start": "00:06:07", "end": "00:06:12", "text": "stop loss up to break even. Same for the"}, {"start": "00:06:09", "end": "00:06:14", "text": "Bitcoin long. So, worst case scenario is"}, {"start": "00:06:12", "end": "00:06:15", "text": "we pull back a bit and I don't make any"}, {"start": "00:06:14", "end": "00:06:17", "text": "money in the trades. I just take the"}, {"start": "00:06:15", "end": "00:06:21", "text": "Tesla profits and that's my my win for"}, {"start": "00:06:17", "end": "00:06:25", "text": "the week. We'll see. But still aiming"}, {"start": "00:06:21", "end": "00:06:27", "text": "for 77K on the Bitcoin trade, $98 on the"}, {"start": "00:06:25", "end": "00:06:29", "text": "Salana trade. The Salana trade is"}, {"start": "00:06:27", "end": "00:06:30", "text": "definitely more of a, you know, swing"}, {"start": "00:06:29", "end": "00:06:32", "text": "for the fences kind of trade here. But"}, {"start": "00:06:30", "end": "00:06:33", "text": "if it plays out, ends up being"}, {"start": "00:06:32", "end": "00:06:35", "text": "fantastic. If we get stopped at zero,"}, {"start": "00:06:33", "end": "00:06:37", "text": "it's all good, man. Not a problem. It's"}, {"start": "00:06:35", "end": "00:06:39", "text": "fine. It's fine. If you want to join"}, {"start": "00:06:37", "end": "00:06:41", "text": "trading over on Bits, because there's a"}, {"start": "00:06:39", "end": "00:06:43", "text": "link down below here, you get signed up."}, {"start": "00:06:41", "end": "00:06:46", "text": "Of course, you can trade stocks like"}, {"start": "00:06:43", "end": "00:06:48", "text": "Tesla or Microsoft or whatever you want"}, {"start": "00:06:46", "end": "00:06:49", "text": "to trade. Meta, they got the indexes."}, {"start": "00:06:48", "end": "00:06:53", "text": "You want to trade the SP500? Look at"}, {"start": "00:06:49", "end": "00:06:57", "text": "that. Go trade the S&P 500. It's up 10%."}, {"start": "00:06:53", "end": "00:07:01", "text": "The S&P 500 is up more than Bitcoin."}, {"start": "00:06:57", "end": "00:07:03", "text": "Why? Uh anyway, besides point, you can"}, {"start": "00:07:01", "end": "00:07:05", "text": "trade those on Bit Unix with leverage,"}, {"start": "00:07:03", "end": "00:07:07", "text": "right? Juice it up. Put 3x leverage on"}, {"start": "00:07:05", "end": "00:07:08", "text": "it. And you can trade silver and you can"}, {"start": "00:07:07", "end": "00:07:09", "text": "trade gold and you can trade oil. And of"}, {"start": "00:07:08", "end": "00:07:12", "text": "course, the galler favorite cryptocoins,"}, {"start": "00:07:09", "end": "00:07:13", "text": "Bitcoin, Ethereum, XRP, your dog coins."}, {"start": "00:07:12", "end": "00:07:15", "text": "Link down below available to anyone"}, {"start": "00:07:13", "end": "00:07:16", "text": "anywhere. That's you of course. So"}, {"start": "00:07:15", "end": "00:07:17", "text": "wherever you are in the world, you can"}, {"start": "00:07:16", "end": "00:07:19", "text": "trade in bit Unix. And when you sign up,"}, {"start": "00:07:17", "end": "00:07:20", "text": "you get a some sweet deposit post. You"}, {"start": "00:07:19", "end": "00:07:22", "text": "put in a,000 bucks for your first"}, {"start": "00:07:20", "end": "00:07:24", "text": "deposit, you get 200 bucks back. You put"}, {"start": "00:07:22", "end": "00:07:26", "text": "in $2,000 for your first deposit, you"}, {"start": "00:07:24", "end": "00:07:28", "text": "get $400 back in your account. These are"}, {"start": "00:07:26", "end": "00:07:30", "text": "crazy deposit bonuses, deals that will"}, {"start": "00:07:28", "end": "00:07:34", "text": "not last forever. Link down below. Go"}, {"start": "00:07:30", "end": "00:07:34", "text": "check it out. Thank you very much. So,"}, {"start": "00:07:38", "end": "00:07:42", "text": "OMG, crypto is so cucked compared to"}, {"start": "00:07:40", "end": "00:07:44", "text": "stocks. This is so painful to watch."}, {"start": "00:07:42", "end": "00:07:47", "text": "Yes."}, {"start": "00:07:44", "end": "00:07:49", "text": "Yes, it is. Clouted mind. I agree. It's"}, {"start": "00:07:47", "end": "00:07:54", "text": "actually just embarrassing at this"}, {"start": "00:07:49", "end": "00:07:55", "text": "point. SanDisk is up 3,000% in the last"}, {"start": "00:07:54", "end": "00:07:57", "text": "year."}, {"start": "00:07:55", "end": "00:07:58", "text": "I mean, I get it. SanDisk is a real"}, {"start": "00:07:57", "end": "00:08:01", "text": "company. It does real [�__�] in the"}, {"start": "00:07:58", "end": "00:08:02", "text": "exciting AI world, right? Whereas like"}, {"start": "00:08:01", "end": "00:08:05", "text": "you could have bought, you know, dog"}, {"start": "00:08:02", "end": "00:08:06", "text": "[�__�] and mecoin and then you're well,"}, {"start": "00:08:05", "end": "00:08:08", "text": "you probably did and then you're"}, {"start": "00:08:06", "end": "00:08:12", "text": "surprised that it's up 3,000% but it's"}, {"start": "00:08:08", "end": "00:08:14", "text": "actually down 99.99999%."}, {"start": "00:08:12", "end": "00:08:16", "text": "Uh that being said, outside of the"}, {"start": "00:08:14", "end": "00:08:18", "text": "extreme risk stuff in crypto, it's"}, {"start": "00:08:16", "end": "00:08:20", "text": "actually very interesting to see the"}, {"start": "00:08:18", "end": "00:08:24", "text": "stuff like um you know, Salana,"}, {"start": "00:08:20", "end": "00:08:26", "text": "Ethereum, Hyperliquid, Chain Link,"}, {"start": "00:08:24", "end": "00:08:27", "text": "uh Pump Fund, whatever that are not"}, {"start": "00:08:26", "end": "00:08:30", "text": "actually doing better. Now, look, I"}, {"start": "00:08:27", "end": "00:08:32", "text": "understand for blockchain number 27 that"}, {"start": "00:08:30", "end": "00:08:35", "text": "nobody's using and nobody gives a [�__�]"}, {"start": "00:08:32", "end": "00:08:37", "text": "about, but some of the crypto assets"}, {"start": "00:08:35", "end": "00:08:39", "text": "should, I think, have much higher value."}, {"start": "00:08:37", "end": "00:08:40", "text": "And had 1010 not happened, we might"}, {"start": "00:08:39", "end": "00:08:44", "text": "actually be in a better situation for"}, {"start": "00:08:40", "end": "00:08:44", "text": "these coins."}, {"start": "00:08:44", "end": "00:08:48", "text": "Spent years learning crypto just to"}, {"start": "00:08:46", "end": "00:08:50", "text": "realize stocks only go up. Now, to be"}, {"start": "00:08:48", "end": "00:08:54", "text": "fair, let's go back to when I first"}, {"start": "00:08:50", "end": "00:08:56", "text": "bought crypto here in 2017. The uh QQQ,"}, {"start": "00:08:54", "end": "00:09:00", "text": "the SB, the NASDAQ was at about, let's"}, {"start": "00:08:56", "end": "00:09:03", "text": "say, 120, and it's at 630 now. So, it's"}, {"start": "00:09:00", "end": "00:09:06", "text": "gained 500"}, {"start": "00:09:03", "end": "00:09:09", "text": "points in total. It's a lot. However, at"}, {"start": "00:09:06", "end": "00:09:12", "text": "the time, Bitcoin was $2500."}, {"start": "00:09:09", "end": "00:09:14", "text": "So, Bitcoin even counting for today's"}, {"start": "00:09:12", "end": "00:09:19", "text": "price is about 30x where this has gone"}, {"start": "00:09:14", "end": "00:09:21", "text": "up, you know, decently, few hundred%."}, {"start": "00:09:19", "end": "00:09:22", "text": "Recent outperformance of stocks versus"}, {"start": "00:09:21", "end": "00:09:24", "text": "crypto has definitely been frustrating"}, {"start": "00:09:22", "end": "00:09:26", "text": "for crypto investors. I get it. Thank"}, {"start": "00:09:24", "end": "00:09:29", "text": "gosh I have stocks too, but geez louise,"}, {"start": "00:09:26", "end": "00:09:31", "text": "definitely annoying for my crypto bags."}, {"start": "00:09:29", "end": "00:09:33", "text": "Ral pow the everything code suggests"}, {"start": "00:09:31", "end": "00:09:35", "text": "over time the NASDAQ has a 97%"}, {"start": "00:09:33", "end": "00:09:37", "text": "correlation with total global liquidity."}, {"start": "00:09:35", "end": "00:09:39", "text": "Total liquidity is at all-time highs."}, {"start": "00:09:37", "end": "00:09:43", "text": "The NASDAQ is following been long tech"}, {"start": "00:09:39", "end": "00:09:45", "text": "stocks since December 22. Uh crypto has"}, {"start": "00:09:43", "end": "00:09:46", "text": "digested the lagged effect of the US"}, {"start": "00:09:45", "end": "00:09:48", "text": "shutdown and liquidity crunch and should"}, {"start": "00:09:46", "end": "00:09:49", "text": "follow suit and head back to new highs"}, {"start": "00:09:48", "end": "00:09:51", "text": "as the business cycle improves and the"}, {"start": "00:09:49", "end": "00:09:53", "text": "Iran war fades. This been a nasty"}, {"start": "00:09:51", "end": "00:09:56", "text": "midcycle correction in my view as"}, {"start": "00:09:53", "end": "00:09:57", "text": "marginal liquidity was withdrawn. It got"}, {"start": "00:09:56", "end": "00:09:59", "text": "hit hard, but it's coming back and it"}, {"start": "00:09:57", "end": "00:10:00", "text": "should accelerate. Let's see. But"}, {"start": "00:09:59", "end": "00:10:02", "text": "nothing in the framework has changed."}, {"start": "00:10:00", "end": "00:10:04", "text": "That led me to keep adding to weakness."}, {"start": "00:10:02", "end": "00:10:06", "text": "Once we hit over one standard deviation"}, {"start": "00:10:04", "end": "00:10:09", "text": "overbought on the log trend, that'll be"}, {"start": "00:10:06", "end": "00:10:10", "text": "time to take lifestyle chips off. It"}, {"start": "00:10:09", "end": "00:10:11", "text": "didn't before because it didn't get to"}, {"start": "00:10:10", "end": "00:10:14", "text": "that zone. So, I added a weakness"}, {"start": "00:10:11", "end": "00:10:17", "text": "instead. Good luck. Let's see. Very,"}, {"start": "00:10:14", "end": "00:10:19", "text": "very interesting."}, {"start": "00:10:17", "end": "00:10:24", "text": "Fits with the thesis. Top is not coming"}, {"start": "00:10:19", "end": "00:10:26", "text": "in 26. Top might come late 27. I know uh"}, {"start": "00:10:24", "end": "00:10:28", "text": "Ral's been back and forth with when he"}, {"start": "00:10:26", "end": "00:10:30", "text": "thinks the top might come in and maybe"}, {"start": "00:10:28", "end": "00:10:32", "text": "it comes sooner. Maybe it comes sooner."}, {"start": "00:10:30", "end": "00:10:34", "text": "I think he was talking uh Q226. Well,"}, {"start": "00:10:32", "end": "00:10:38", "text": "here we are entering Q226 and it doesn't"}, {"start": "00:10:34", "end": "00:10:41", "text": "feel like uh we are about to hit one"}, {"start": "00:10:38", "end": "00:10:44", "text": "standard deviation uh over bought here"}, {"start": "00:10:41", "end": "00:10:48", "text": "on the log trend for uh the NASDAQ. So,"}, {"start": "00:10:44", "end": "00:10:50", "text": "as a result of that,"}, {"start": "00:10:48", "end": "00:10:52", "text": "perhaps we go higher for longer, but we"}, {"start": "00:10:50", "end": "00:10:53", "text": "shall see. We shall see. Obviously, we"}, {"start": "00:10:52", "end": "00:10:55", "text": "got to watch charts, keep an eye on"}, {"start": "00:10:53", "end": "00:10:58", "text": "things, but it's a very interesting idea"}, {"start": "00:10:55", "end": "00:10:59", "text": "nevertheless. Bitcoin chart here. Still"}, {"start": "00:10:58", "end": "00:11:01", "text": "waiting for this. This is the big move."}, {"start": "00:10:59", "end": "00:11:02", "text": "Again, I just like to point out"}, {"start": "00:11:01", "end": "00:11:04", "text": "everybody's got some big opinions on"}, {"start": "00:11:02", "end": "00:11:05", "text": "what's going on. This is just a bare"}, {"start": "00:11:04", "end": "00:11:08", "text": "market rally. It's all going to go to"}, {"start": "00:11:05", "end": "00:11:10", "text": "zero still. Nothing matters. ETFs don't"}, {"start": "00:11:08", "end": "00:11:11", "text": "matter. Sailor doesn't matter. Stocks"}, {"start": "00:11:10", "end": "00:11:13", "text": "don't matter. Liquidity doesn't matter."}, {"start": "00:11:11", "end": "00:11:14", "text": "Nothing matters. It's a four-year cycle."}, {"start": "00:11:13", "end": "00:11:17", "text": "We're just meing into reality. [�__�]"}, {"start": "00:11:14", "end": "00:11:19", "text": "everything. It's going down. Or it's all"}, {"start": "00:11:17", "end": "00:11:22", "text": "wrong. It's going up."}, {"start": "00:11:19", "end": "00:11:27", "text": "Let the channel resolve itself, guys."}, {"start": "00:11:22", "end": "00:11:29", "text": "It'll tell you the way. The channel."}, {"start": "00:11:27", "end": "00:11:32", "text": "Yeah. Interesting though. We're getting"}, {"start": "00:11:29", "end": "00:11:34", "text": "pretty close to this uh 78K line. I"}, {"start": "00:11:32", "end": "00:11:35", "text": "still might take profit in a 77K on this"}, {"start": "00:11:34", "end": "00:11:37", "text": "Bitcoin trade. I still think we get to"}, {"start": "00:11:35", "end": "00:11:39", "text": "the top of this channel before if we are"}, {"start": "00:11:37", "end": "00:11:42", "text": "going to get a rejection. I think we at"}, {"start": "00:11:39", "end": "00:11:44", "text": "least get there first. Micro Strategy is"}, {"start": "00:11:42", "end": "00:11:46", "text": "ripping."}, {"start": "00:11:44", "end": "00:11:47", "text": "Ripping. Let's go. was down 116 the"}, {"start": "00:11:46", "end": "00:11:49", "text": "other day and my average entry price in"}, {"start": "00:11:47", "end": "00:11:51", "text": "this is like 130 something like that."}, {"start": "00:11:49", "end": "00:11:53", "text": "So, could be better, could be worse."}, {"start": "00:11:51", "end": "00:11:57", "text": "It's fine. But I think uh Micro"}, {"start": "00:11:53", "end": "00:12:00", "text": "Strategy, if Bitcoin can run here, is"}, {"start": "00:11:57", "end": "00:12:02", "text": "going to definitely outpace BTC."}, {"start": "00:12:00", "end": "00:12:04", "text": "We'll keep an eye out for that. the"}, {"start": "00:12:02", "end": "00:12:07", "text": "ideal and this is on the weekly chart. I"}, {"start": "00:12:04", "end": "00:12:10", "text": "will look to sell"}, {"start": "00:12:07", "end": "00:12:15", "text": "potentially either on an overbought RSI"}, {"start": "00:12:10", "end": "00:12:17", "text": "or a weekly MACD bear cross one or the"}, {"start": "00:12:15", "end": "00:12:19", "text": "other. One of the bear crosses is as you"}, {"start": "00:12:17", "end": "00:12:21", "text": "can see here just I'll show you on the"}, {"start": "00:12:19", "end": "00:12:25", "text": "chart here the bear crosses. So that's"}, {"start": "00:12:21", "end": "00:12:29", "text": "when the overbought RSI overbought RSI."}, {"start": "00:12:25", "end": "00:12:32", "text": "Okay. Bear cross coming in here and bear"}, {"start": "00:12:29", "end": "00:12:35", "text": "cross coming in about here. So the RSI"}, {"start": "00:12:32", "end": "00:12:37", "text": "peaks uh over 80 tend to be great"}, {"start": "00:12:35", "end": "00:12:39", "text": "selling opportunities here for micro"}, {"start": "00:12:37", "end": "00:12:43", "text": "strategy. So ideally run it toward then"}, {"start": "00:12:39", "end": "00:12:44", "text": "and if I forget"}, {"start": "00:12:43", "end": "00:12:48", "text": "then you got to get out of the weekly"}, {"start": "00:12:44", "end": "00:12:49", "text": "bear cross. There you go. Okay."}, {"start": "00:12:48", "end": "00:12:52", "text": "This is an interesting Bitcoin chart."}, {"start": "00:12:49", "end": "00:12:54", "text": "This guy uh who we got here the great"}, {"start": "00:12:52", "end": "00:12:57", "text": "Matsby. He says more evidence the crypto"}, {"start": "00:12:54", "end": "00:13:00", "text": "bull runs got extended by a full year."}, {"start": "00:12:57", "end": "00:13:02", "text": "No peak until late 27. This is actually"}, {"start": "00:13:00", "end": "00:13:03", "text": "fascinating."}, {"start": "00:13:02", "end": "00:13:05", "text": "Very, very fascinating. This the"}, {"start": "00:13:03", "end": "00:13:07", "text": "midcycle correction theory. Slowly"}, {"start": "00:13:05", "end": "00:13:08", "text": "throughout the year, we grind back up."}, {"start": "00:13:07", "end": "00:13:10", "text": "We have new highs by the end of the"}, {"start": "00:13:08", "end": "00:13:13", "text": "year. We have a huge impulse, according"}, {"start": "00:13:10", "end": "00:13:18", "text": "to his idea here, a huge impulse into Q1"}, {"start": "00:13:13", "end": "00:13:20", "text": "of next year peaking around April or"}, {"start": "00:13:18", "end": "00:13:24", "text": "something like that. Big mid a big reset"}, {"start": "00:13:20", "end": "00:13:28", "text": "before one final push up for a uh higher"}, {"start": "00:13:24", "end": "00:13:29", "text": "high, but not a dramatically higher one."}, {"start": "00:13:28", "end": "00:13:33", "text": "It's an interesting idea. We'll see if"}, {"start": "00:13:29", "end": "00:13:36", "text": "it plays out or not. Salana, stay above"}, {"start": "00:13:33", "end": "00:13:38", "text": "the 20-day EMA, you bastard. Come on."}, {"start": "00:13:36", "end": "00:13:39", "text": "Don't do it to me, Salana. We're cool,"}, {"start": "00:13:38", "end": "00:13:41", "text": "man. We're cool. Actually, I haven't"}, {"start": "00:13:39", "end": "00:13:45", "text": "I've been adding a lot to my spot bags"}, {"start": "00:13:41", "end": "00:13:47", "text": "throughout this right here. I've"}, {"start": "00:13:45", "end": "00:13:49", "text": "increased my total Salana holdings by"}, {"start": "00:13:47", "end": "00:13:51", "text": "maybe like 15% or something like that."}, {"start": "00:13:49", "end": "00:13:53", "text": "So, I mean, look, I'm still underwater,"}, {"start": "00:13:51", "end": "00:13:54", "text": "okay?"}, {"start": "00:13:53", "end": "00:13:55", "text": "Wish I wasn't, but hey, I'm still"}, {"start": "00:13:54", "end": "00:13:57", "text": "underwater. It's fine. But I think"}, {"start": "00:13:55", "end": "00:14:00", "text": "Salana is going to be one of the big"}, {"start": "00:13:57", "end": "00:14:02", "text": "runners when we uh start switching back"}, {"start": "00:14:00", "end": "00:14:04", "text": "into risk-taking behavior in the"}, {"start": "00:14:02", "end": "00:14:06", "text": "cryptocurrency market, which I"}, {"start": "00:14:04", "end": "00:14:07", "text": "understand all the money's in stocks"}, {"start": "00:14:06", "end": "00:14:09", "text": "right now was chasing stocks. Why"}, {"start": "00:14:07", "end": "00:14:11", "text": "wouldn't you, you know, look at how much"}, {"start": "00:14:09", "end": "00:14:13", "text": "Salana has moved versus how much I don't"}, {"start": "00:14:11", "end": "00:14:15", "text": "know like SanDisk moved in the last"}, {"start": "00:14:13", "end": "00:14:16", "text": "week."}, {"start": "00:14:15", "end": "00:14:17", "text": "It's getting embarrassing at a point,"}, {"start": "00:14:16", "end": "00:14:19", "text": "but that's what's going on with crypto"}, {"start": "00:14:17", "end": "00:14:21", "text": "right now. It's extremely hated and then"}, {"start": "00:14:19", "end": "00:14:23", "text": "one day it'll be extremely loved again."}, {"start": "00:14:21", "end": "00:14:25", "text": "Switch like that. Okay, that's why I'm"}, {"start": "00:14:23", "end": "00:14:27", "text": "staying in the game."}, {"start": "00:14:25", "end": "00:14:31", "text": "Ethereum topping out here at this area"}, {"start": "00:14:27", "end": "00:14:34", "text": "of previous price resistance could be"}, {"start": "00:14:31", "end": "00:14:37", "text": "currently, let me just put this uh put a"}, {"start": "00:14:34", "end": "00:14:40", "text": "brush on here. Currently, looks like we"}, {"start": "00:14:37", "end": "00:14:42", "text": "may be forming a potential bull flag. If"}, {"start": "00:14:40", "end": "00:14:45", "text": "that is the case, it's pretty big"}, {"start": "00:14:42", "end": "00:14:46", "text": "implications because about a $300 pull."}, {"start": "00:14:45", "end": "00:14:51", "text": "So that would then take us up from"}, {"start": "00:14:46", "end": "00:14:56", "text": "around a break of 2300 to around 2600"}, {"start": "00:14:51", "end": "00:14:57", "text": "which would be the 200 day EMA."}, {"start": "00:14:56", "end": "00:14:59", "text": "So that would be the breakout trade to"}, {"start": "00:14:57", "end": "00:15:01", "text": "watch here. Let me just zoom in a little"}, {"start": "00:14:59", "end": "00:15:02", "text": "more so you can just see the exact"}, {"start": "00:15:01", "end": "00:15:04", "text": "structure I'm talking about on this"}, {"start": "00:15:02", "end": "00:15:07", "text": "trade here. You can see approximately"}, {"start": "00:15:04", "end": "00:15:10", "text": "we've been forming up like this. So what"}, {"start": "00:15:07", "end": "00:15:11", "text": "you want to see very tight here. What"}, {"start": "00:15:10", "end": "00:15:16", "text": "you want to see is an approximate break"}, {"start": "00:15:11", "end": "00:15:18", "text": "of price above, let's say 2350,"}, {"start": "00:15:16", "end": "00:15:20", "text": "which we're at 2335 right now, so it's"}, {"start": "00:15:18", "end": "00:15:22", "text": "pretty tight, but a daily close above"}, {"start": "00:15:20", "end": "00:15:24", "text": "2350, that could be the signal that this"}, {"start": "00:15:22", "end": "00:15:26", "text": "sort of bull flag structure could be"}, {"start": "00:15:24", "end": "00:15:31", "text": "breaking to the upside and be a chance"}, {"start": "00:15:26", "end": "00:15:34", "text": "to go long on that trade. Bit mine"}, {"start": "00:15:31", "end": "00:15:38", "text": "Tom Le's ETH machine"}, {"start": "00:15:34", "end": "00:15:41", "text": "weekly MAC D bull cross days away from"}, {"start": "00:15:38", "end": "00:15:44", "text": "potential confirmation."}, {"start": "00:15:41", "end": "00:15:48", "text": "Huge downtrend. Price went from Is it"}, {"start": "00:15:44", "end": "00:15:50", "text": "really $174? That's That's bonkers, man."}, {"start": "00:15:48", "end": "00:15:54", "text": "Oh my god. Anyway, besides the point."}, {"start": "00:15:50", "end": "00:15:56", "text": "Went from these crazy prices uh down to"}, {"start": "00:15:54", "end": "00:15:58", "text": "uh $22."}, {"start": "00:15:56", "end": "00:16:00", "text": "I wonder if it's going to run back up to"}, {"start": "00:15:58", "end": "00:16:02", "text": "those highs."}, {"start": "00:16:00", "end": "00:16:05", "text": "Wouldn't be shocked. Anyway, weekly MACD"}, {"start": "00:16:02", "end": "00:16:08", "text": "bullcross coming. Tom Lee, man, where"}, {"start": "00:16:05", "end": "00:16:11", "text": "you at, brother? Step it up. Let's go."}, {"start": "00:16:08", "end": "00:16:14", "text": "Oracle has been ripping. Look at this"}, {"start": "00:16:11", "end": "00:16:18", "text": "weekly candle from 140 all the way up to"}, {"start": "00:16:14", "end": "00:16:21", "text": "170. $30 price increase here for Oracle."}, {"start": "00:16:18", "end": "00:16:23", "text": "Very, very interesting uh structure"}, {"start": "00:16:21", "end": "00:16:26", "text": "here. currently breaking this sort of a"}, {"start": "00:16:23", "end": "00:16:29", "text": "neckline area this previous resistance"}, {"start": "00:16:26", "end": "00:16:31", "text": "here. If we get a weekly close up here"}, {"start": "00:16:29", "end": "00:16:34", "text": "around let's say 175 probably a major"}, {"start": "00:16:31", "end": "00:16:37", "text": "trend shift for the asset because you"}, {"start": "00:16:34", "end": "00:16:39", "text": "have a major breakout of the uh"}, {"start": "00:16:37", "end": "00:16:41", "text": "breakdown of the overall trend line"}, {"start": "00:16:39", "end": "00:16:43", "text": "here."}, {"start": "00:16:41", "end": "00:16:46", "text": "You can see here approximately like"}, {"start": "00:16:43", "end": "00:16:50", "text": "that. So, a breakdown uh of the trend,"}, {"start": "00:16:46", "end": "00:16:52", "text": "break out, not breakdown of the trend."}, {"start": "00:16:50", "end": "00:16:54", "text": "Very interesting. This thing could run"}, {"start": "00:16:52", "end": "00:16:57", "text": "um very hated stock for a long time."}, {"start": "00:16:54", "end": "00:16:59", "text": "Debt issues and stuff were really making"}, {"start": "00:16:57", "end": "00:17:03", "text": "people a bit freaked out about it, but"}, {"start": "00:16:59", "end": "00:17:05", "text": "as Charlie Mer says, buy things at the"}, {"start": "00:17:03", "end": "00:17:06", "text": "200 week. Charlie said, RIP to the"}, {"start": "00:17:05", "end": "00:17:09", "text": "legend."}, {"start": "00:17:06", "end": "00:17:10", "text": "Tesla. Oh, man. That's a weekly candle,"}, {"start": "00:17:09", "end": "00:17:12", "text": "too. Also breaking out of this"}, {"start": "00:17:10", "end": "00:17:14", "text": "incredible downtrend. But the week is"}, {"start": "00:17:12", "end": "00:17:17", "text": "not finished. We still have two trading"}, {"start": "00:17:14", "end": "00:17:20", "text": "days today and tomorrow for US stocks"}, {"start": "00:17:17", "end": "00:17:24", "text": "here. So if the weekly for Tesla ends"}, {"start": "00:17:20", "end": "00:17:26", "text": "here or ideally just above $400,"}, {"start": "00:17:24", "end": "00:17:28", "text": "that would be a pretty big trend"}, {"start": "00:17:26", "end": "00:17:33", "text": "reversal indicator that we've taken out"}, {"start": "00:17:28", "end": "00:17:35", "text": "the two uh 20we and 50we EMAs and we've"}, {"start": "00:17:33", "end": "00:17:37", "text": "broken the downtrend line. That would be"}, {"start": "00:17:35", "end": "00:17:40", "text": "a pretty big move here for Tesla. Now,"}, {"start": "00:17:37", "end": "00:17:42", "text": "as you guys know, I was long from 353 on"}, {"start": "00:17:40", "end": "00:17:44", "text": "Tesla targeting 380. Well, we got the"}, {"start": "00:17:42", "end": "00:17:45", "text": "380. We got to take profit and it just"}, {"start": "00:17:44", "end": "00:17:48", "text": "kept on running. In fact, it all went"}, {"start": "00:17:45", "end": "00:17:51", "text": "all the way up to almost $400 yesterday."}, {"start": "00:17:48", "end": "00:17:52", "text": "Gosh darn it. Good trade though. Made"}, {"start": "00:17:51", "end": "00:17:54", "text": "money. We're happy. We're happy. We like"}, {"start": "00:17:52", "end": "00:17:56", "text": "making money on trades. That's fantastic"}, {"start": "00:17:54", "end": "00:17:58", "text": "stuff. But gosh darn, man. Good for my"}, {"start": "00:17:56", "end": "00:18:00", "text": "spot bags. Okay. Good for my spot bags."}, {"start": "00:17:58", "end": "00:18:06", "text": "I still am holding a bunch of spot Tesla"}, {"start": "00:18:00", "end": "00:18:07", "text": "that I bought back here around ah 200. I"}, {"start": "00:18:06", "end": "00:18:10", "text": "almost got I almost got the bottom. Not"}, {"start": "00:18:07", "end": "00:18:12", "text": "quite the bottom. I think I got like 222"}, {"start": "00:18:10", "end": "00:18:14", "text": "or 225 or something like that. So, we"}, {"start": "00:18:12", "end": "00:18:17", "text": "were close. We were close here to"}, {"start": "00:18:14", "end": "00:18:18", "text": "catching the bottom on that, but um not"}, {"start": "00:18:17", "end": "00:18:20", "text": "quite. It's close enough. Everybody's"}, {"start": "00:18:18", "end": "00:18:21", "text": "losing their minds. I was buying Tesla."}, {"start": "00:18:20", "end": "00:18:23", "text": "That's what we were doing. Should have"}, {"start": "00:18:21", "end": "00:18:26", "text": "bought more. That's That's always the"}, {"start": "00:18:23", "end": "00:18:28", "text": "thing, isn't it? Should have nuked every"}, {"start": "00:18:26", "end": "00:18:30", "text": "damn altcoin I had back here. That's"}, {"start": "00:18:28", "end": "00:18:32", "text": "That's my big mistake that I've made"}, {"start": "00:18:30", "end": "00:18:34", "text": "over the last year is that right back"}, {"start": "00:18:32", "end": "00:18:36", "text": "here instead of holding on to any"}, {"start": "00:18:34", "end": "00:18:38", "text": "altcoins."}, {"start": "00:18:36", "end": "00:18:40", "text": "Maybe Salana, that's fine. But you know,"}, {"start": "00:18:38", "end": "00:18:41", "text": "anything else? Nuke it all, man. Should"}, {"start": "00:18:40", "end": "00:18:43", "text": "have nuked it all right here and got"}, {"start": "00:18:41", "end": "00:18:44", "text": "just pushed all the money into stocks"}, {"start": "00:18:43", "end": "00:18:48", "text": "because look at how well stocks"}, {"start": "00:18:44", "end": "00:18:51", "text": "performed since the tariff drama, right?"}, {"start": "00:18:48", "end": "00:18:55", "text": "A lot of altcoins from here to there are"}, {"start": "00:18:51", "end": "00:18:58", "text": "making new all-time lows."}, {"start": "00:18:55", "end": "00:19:01", "text": "Polka dot pour one out for Polka Dot"}, {"start": "00:18:58", "end": "00:19:02", "text": "holders, man. Goodness gracious. Anyway,"}, {"start": "00:19:01", "end": "00:19:04", "text": "thanks so much for watching today's"}, {"start": "00:19:02", "end": "00:19:08", "text": "video. I'll see you back tomorrow for"}, {"start": "00:19:04", "end": "00:19:08", "text": "the next one. Peace."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "This has got to be the biggest scam in"}, {"start": "00:00:01", "end": "00:00:04", "text": "history. Government takes half your"}, {"start": "00:00:02", "end": "00:00:06", "text": "paycheck before you even see it, which"}, {"start": "00:00:04", "end": "00:00:09", "text": "means every month you work 2 weeks for"}, {"start": "00:00:06", "end": "00:00:09", "text": "free."}, {"start": "00:00:10", "end": "00:00:13", "text": "Oh, maybe you're in a country that's"}, {"start": "00:00:11", "end": "00:00:14", "text": "only 30% tax. Great, then you work a"}, {"start": "00:00:13", "end": "00:00:16", "text": "week and a half for free. Not for your"}, {"start": "00:00:14", "end": "00:00:17", "text": "family, not for your future, [music] for"}, {"start": "00:00:16", "end": "00:00:19", "text": "them. Then you spend what's left and"}, {"start": "00:00:17", "end": "00:00:21", "text": "they take another cut. You invest what's"}, {"start": "00:00:19", "end": "00:00:23", "text": "left of that, they take another cut. You"}, {"start": "00:00:21", "end": "00:00:24", "text": "want to buy something, sales tax take"}, {"start": "00:00:23", "end": "00:00:26", "text": "another cut. And after all that, they"}, {"start": "00:00:24", "end": "00:00:26", "text": "don't guarantee that you can retire."}, {"start": "00:00:26", "end": "00:00:27", "text": ">> [music]"}, {"start": "00:00:26", "end": "00:00:29", "text": ">> It just guarantee you'll be working"}, {"start": "00:00:27", "end": "00:00:31", "text": "until they find you out dead behind the"}, {"start": "00:00:29", "end": "00:00:33", "text": "Walmart parking lot. The system isn't"}, {"start": "00:00:31", "end": "00:00:34", "text": "broken. [music] This is the intended"}, {"start": "00:00:33", "end": "00:00:36", "text": "output, a population just comfortable"}, {"start": "00:00:34", "end": "00:00:38", "text": "enough to comply, just tired enough not"}, {"start": "00:00:36", "end": "00:00:39", "text": "to ask questions. I bet you never knew"}, {"start": "00:00:38", "end": "00:00:41", "text": "that being broke was this expensive."}, {"start": "00:00:39", "end": "00:00:42", "text": "Learn how money moves outside the system"}, {"start": "00:00:41", "end": "00:00:46", "text": "[music] that they built for you, or keep"}, {"start": "00:00:42", "end": "00:00:46", "text": "donating to a broken system."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Look, no one's coming to save you. No"}, {"start": "00:00:01", "end": "00:00:05", "text": "government program, no lucky break, no"}, {"start": "00:00:03", "end": "00:00:06", "text": "mentor who just sees something in you."}, {"start": "00:00:05", "end": "00:00:08", "text": "Nobody's losing sleep over your"}, {"start": "00:00:06", "end": "00:00:10", "text": "potential."}, {"start": "00:00:08", "end": "00:00:11", "text": "But here's the other side of that."}, {"start": "00:00:10", "end": "00:00:12", "text": "Nobody's coming [music] to stop you,"}, {"start": "00:00:11", "end": "00:00:14", "text": "either. There's no committee deciding if"}, {"start": "00:00:12", "end": "00:00:15", "text": "you're allowed to start, no approval"}, {"start": "00:00:14", "end": "00:00:17", "text": "process for becoming dangerous. No"}, {"start": "00:00:15", "end": "00:00:18", "text": "[music] one is guarding the door. In"}, {"start": "00:00:17", "end": "00:00:20", "text": "fact, it's never been easier to get"}, {"start": "00:00:18", "end": "00:00:23", "text": "rich. The same system that won't save"}, {"start": "00:00:20", "end": "00:00:24", "text": "you also can't stop you. You can decide"}, {"start": "00:00:23", "end": "00:00:26", "text": "that it can't. The people winning right"}, {"start": "00:00:24", "end": "00:00:28", "text": "[music] now are not waiting for"}, {"start": "00:00:26", "end": "00:00:29", "text": "permission. They just start moving while"}, {"start": "00:00:28", "end": "00:00:31", "text": "everyone else is sitting around waiting"}, {"start": "00:00:29", "end": "00:00:36", "text": "to be chosen. You have been chosen by"}, {"start": "00:00:31", "end": "00:00:36", "text": "you. That's the only person that counts."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Bitcoin buyers are refusing to stop."}, {"start": "00:00:03", "end": "00:00:07", "text": "We've had insane numbers this week"}, {"start": "00:00:05", "end": "00:00:10", "text": "happening, including yesterday,"}, {"start": "00:00:07", "end": "00:00:12", "text": "specifically just wild numbers on BTC"}, {"start": "00:00:10", "end": "00:00:14", "text": "buyers. I've got the bull bear case for"}, {"start": "00:00:12", "end": "00:00:17", "text": "you. Some different analysts giving"}, {"start": "00:00:14", "end": "00:00:19", "text": "their takes. We've got Salana charts."}, {"start": "00:00:17", "end": "00:00:21", "text": "We've got the latest on Iran and much,"}, {"start": "00:00:19", "end": "00:00:23", "text": "much more. We got a lot to get into."}, {"start": "00:00:21", "end": "00:00:25", "text": "Spider can do it, shouldn't we? Gosh"}, {"start": "00:00:23", "end": "00:00:27", "text": "darn it. Let's go. So first and"}, {"start": "00:00:25", "end": "00:00:30", "text": "foremost,"}, {"start": "00:00:27", "end": "00:00:33", "text": "two days your future will be decided"}, {"start": "00:00:30", "end": "00:00:35", "text": "until we get another final final final"}, {"start": "00:00:33", "end": "00:00:38", "text": "final final final final final deadline"}, {"start": "00:00:35", "end": "00:00:40", "text": "from the Trump Aino himself."}, {"start": "00:00:38", "end": "00:00:42", "text": "Anyway, good news that these things are"}, {"start": "00:00:40", "end": "00:00:44", "text": "progressing. The market is generally"}, {"start": "00:00:42", "end": "00:00:48", "text": "loving this fact. In fact, risk"}, {"start": "00:00:44", "end": "00:00:50", "text": "investors are piling the f in to"}, {"start": "00:00:48", "end": "00:00:53", "text": "crypto-related products. Michael"}, {"start": "00:00:50", "end": "00:00:55", "text": "Sailor's STRC preferred dividend stock"}, {"start": "00:00:53", "end": "00:00:58", "text": "paying 11.5% has been wildly freaking"}, {"start": "00:00:55", "end": "00:01:00", "text": "popular. In fact, they bought so much of"}, {"start": "00:00:58", "end": "00:01:02", "text": "this stock yesterday."}, {"start": "00:01:00", "end": "00:01:05", "text": "He probably was able to buy around"}, {"start": "00:01:02", "end": "00:01:08", "text": "almost 11,000"}, {"start": "00:01:05", "end": "00:01:11", "text": "Bitcoin yesterday."}, {"start": "00:01:08", "end": "00:01:12", "text": "Yo dog, what is up? That would mean the"}, {"start": "00:01:11", "end": "00:01:14", "text": "first two days of this week alone,"}, {"start": "00:01:12", "end": "00:01:22", "text": "Michael Sailor was able to buy almost"}, {"start": "00:01:14", "end": "00:01:23", "text": "17,000 BTC just from the STRC sales."}, {"start": "00:01:22", "end": "00:01:27", "text": "Keep running the playbook, Michael. We"}, {"start": "00:01:23", "end": "00:01:30", "text": "love it. Bitcoin to the moon. Woo."}, {"start": "00:01:27", "end": "00:01:33", "text": "Also, at the same time, well, not as big"}, {"start": "00:01:30", "end": "00:01:37", "text": "of numbers, Bitcoin ETFs bought over"}, {"start": "00:01:33", "end": "00:01:39", "text": "5,000 BTC yesterday, worth almost half a"}, {"start": "00:01:37", "end": "00:01:42", "text": "billion dollars."}, {"start": "00:01:39", "end": "00:01:45", "text": "These are some very big numbers."}, {"start": "00:01:42", "end": "00:01:49", "text": "Okay, those two things alone, the ETFs"}, {"start": "00:01:45", "end": "00:01:52", "text": "and Sailor bought around 17,000 BTC just"}, {"start": "00:01:49", "end": "00:01:54", "text": "yesterday, not accounting for every Joe"}, {"start": "00:01:52", "end": "00:01:58", "text": "blow out there thinks I'm going to buy"}, {"start": "00:01:54", "end": "00:02:00", "text": "0.01 BTC today,"}, {"start": "00:01:58", "end": "00:02:01", "text": "which adds up. You only need a 100"}, {"start": "00:02:00", "end": "00:02:04", "text": "people doing that and that's one more"}, {"start": "00:02:01", "end": "00:02:07", "text": "Bitcoin. Need a,000 people is 10 Bitcoin"}, {"start": "00:02:04", "end": "00:02:11", "text": "and so on so forth. Very interesting"}, {"start": "00:02:07", "end": "00:02:13", "text": "price of Bitcoin right now."}, {"start": "00:02:11", "end": "00:02:17", "text": "Fascinating spot to be in. You see,"}, {"start": "00:02:13", "end": "00:02:20", "text": "because right here, what happened?"}, {"start": "00:02:17", "end": "00:02:23", "text": "Price topped out yesterday at exactly"}, {"start": "00:02:20", "end": "00:02:27", "text": "the same place it topped out on the 17th"}, {"start": "00:02:23", "end": "00:02:27", "text": "of March. Come on, Bitcoin."}, {"start": "00:02:30", "end": "00:02:35", "text": "Anyway, such are things. It's fine. It's"}, {"start": "00:02:33", "end": "00:02:37", "text": "fine. It's really fine. No, but"}, {"start": "00:02:35", "end": "00:02:39", "text": "seriously, uh, look at what's going on"}, {"start": "00:02:37", "end": "00:02:40", "text": "for BTC right now. It didn't quite get"}, {"start": "00:02:39", "end": "00:02:41", "text": "up to this trend line. It didn't quite"}, {"start": "00:02:40", "end": "00:02:44", "text": "get up to, of course, the downtrend line"}, {"start": "00:02:41", "end": "00:02:46", "text": "or the top of the channel trend line."}, {"start": "00:02:44", "end": "00:02:50", "text": "So, I think we still have at least that"}, {"start": "00:02:46", "end": "00:02:52", "text": "to go before this move really shows its"}, {"start": "00:02:50", "end": "00:02:54", "text": "hand, whether this is just another bare"}, {"start": "00:02:52", "end": "00:02:55", "text": "market rally before we go to [�__�] or"}, {"start": "00:02:54", "end": "00:02:57", "text": "whether we're going to get a real"}, {"start": "00:02:55", "end": "00:03:01", "text": "breakout beyond these two orange lines"}, {"start": "00:02:57", "end": "00:03:03", "text": "right up here. 2050day EMAs having a"}, {"start": "00:03:01", "end": "00:03:06", "text": "bullish crossover showing the momentum"}, {"start": "00:03:03", "end": "00:03:08", "text": "is slowly but surely shifting back in"}, {"start": "00:03:06", "end": "00:03:11", "text": "favor of the bulls. But can they"}, {"start": "00:03:08", "end": "00:03:14", "text": "maintain it? Can they keep it up or will"}, {"start": "00:03:11", "end": "00:03:16", "text": "this rally fail like all the others?"}, {"start": "00:03:14", "end": "00:03:19", "text": "Question of the day, isn't it? Hey, some"}, {"start": "00:03:16", "end": "00:03:20", "text": "other big Bitcoin news. Goldman Sachs"}, {"start": "00:03:19", "end": "00:03:23", "text": "filed with the SEC today to launch a"}, {"start": "00:03:20", "end": "00:03:24", "text": "Bitcoin premium income ETF."}, {"start": "00:03:23", "end": "00:03:26", "text": "Goldman Sachs is now in the Bitcoin"}, {"start": "00:03:24", "end": "00:03:30", "text": "game."}, {"start": "00:03:26", "end": "00:03:33", "text": "Not bad. Now, this is a an ETF that buys"}, {"start": "00:03:30", "end": "00:03:36", "text": "and sells options and then delivers"}, {"start": "00:03:33", "end": "00:03:38", "text": "hopefully, of course, some kind of"}, {"start": "00:03:36", "end": "00:03:40", "text": "dividend to holders. They see how"}, {"start": "00:03:38", "end": "00:03:42", "text": "popular Bitcoin related products are"}, {"start": "00:03:40", "end": "00:03:45", "text": "with like STRC, probably one of the"}, {"start": "00:03:42", "end": "00:03:48", "text": "biggest volume stocks on the market"}, {"start": "00:03:45", "end": "00:03:52", "text": "right now. It's absolutely nuts."}, {"start": "00:03:48", "end": "00:03:56", "text": "By the way, just a reminder,"}, {"start": "00:03:52", "end": "00:04:00", "text": "new Fed chair is coming very soon. Okay,"}, {"start": "00:03:56", "end": "00:04:02", "text": "his appointment hearing is this week."}, {"start": "00:04:00", "end": "00:04:04", "text": "And as we say in this post here, this"}, {"start": "00:04:02", "end": "00:04:06", "text": "Fed chair ain't your granddaddy central"}, {"start": "00:04:04", "end": "00:04:09", "text": "banker. Okay, Kog Wars here to dropped"}, {"start": "00:04:06", "end": "00:04:12", "text": "the 69page financial disclosure. He's"}, {"start": "00:04:09", "end": "00:04:14", "text": "got SpaceX. He's invested in Poly"}, {"start": "00:04:12", "end": "00:04:17", "text": "Market. Random Ethereum dev tool [�__�]"}, {"start": "00:04:14", "end": "00:04:20", "text": "for some reason. Crypto fintech like"}, {"start": "00:04:17", "end": "00:04:24", "text": "Lemon Cash, AI workforce platforms,"}, {"start": "00:04:20", "end": "00:04:27", "text": "robotic coffee bars, other stuff. What"}, {"start": "00:04:24", "end": "00:04:28", "text": "do you need that vaccine for, K, dog? A"}, {"start": "00:04:27", "end": "00:04:32", "text": "literal digital cloning platform. It's"}, {"start": "00:04:28", "end": "00:04:34", "text": "crazy. He's got an over $und00 million"}, {"start": "00:04:32", "end": "00:04:36", "text": "net worth. He worked with Stanley Draen"}, {"start": "00:04:34", "end": "00:04:38", "text": "Miller and called Bitcoin the new gold"}, {"start": "00:04:36", "end": "00:04:40", "text": "for anyone under 40."}, {"start": "00:04:38", "end": "00:04:42", "text": "Yes, the Fed is about to have his most"}, {"start": "00:04:40", "end": "00:04:44", "text": "interesting chair in modern history."}, {"start": "00:04:42", "end": "00:04:46", "text": "This is the guy. This guy who has"}, {"start": "00:04:44", "end": "00:04:48", "text": "invested balls deep, okay, into crypto,"}, {"start": "00:04:46", "end": "00:04:49", "text": "which he's going to have to divest"}, {"start": "00:04:48", "end": "00:04:53", "text": "before he gets into office, obviously."}, {"start": "00:04:49", "end": "00:04:57", "text": "But anyway, this dude,"}, {"start": "00:04:53", "end": "00:04:59", "text": "he knows, he sees it. Unlike Jerome Pal"}, {"start": "00:04:57", "end": "00:05:01", "text": "who's like, \"Well, you know, Bitcoin's a"}, {"start": "00:04:59", "end": "00:05:02", "text": "kind of thing out there. It's okay.\""}, {"start": "00:05:01", "end": "00:05:04", "text": "Like"}, {"start": "00:05:02", "end": "00:05:05", "text": "Kevin Mor is like, \"Give me the stats."}, {"start": "00:05:04", "end": "00:05:08", "text": "Let's go. Let's invest in tech and"}, {"start": "00:05:05", "end": "00:05:12", "text": "crypto is awesome."}, {"start": "00:05:08", "end": "00:05:14", "text": "Interest rates going down 1%.\" Very"}, {"start": "00:05:12", "end": "00:05:15", "text": "interesting."}, {"start": "00:05:14", "end": "00:05:17", "text": "As long as we can resolve this Iran"}, {"start": "00:05:15", "end": "00:05:19", "text": "stuff, especially in the next few weeks,"}, {"start": "00:05:17", "end": "00:05:21", "text": "there's again a new two-week deadline on"}, {"start": "00:05:19", "end": "00:05:24", "text": "the ceasefire. There's a meeting"}, {"start": "00:05:21", "end": "00:05:25", "text": "tomorrow in Islamabad between the"}, {"start": "00:05:24", "end": "00:05:26", "text": "Iranians and the Americans. So, let's"}, {"start": "00:05:25", "end": "00:05:28", "text": "see if we can work out a deal there. If"}, {"start": "00:05:26", "end": "00:05:31", "text": "a deal does get worked out, if there's"}, {"start": "00:05:28", "end": "00:05:33", "text": "no sort of military conflict, you know,"}, {"start": "00:05:31", "end": "00:05:36", "text": "sinking of boats or blowing up of stuff"}, {"start": "00:05:33", "end": "00:05:39", "text": "over America's blockade of the blockade,"}, {"start": "00:05:36", "end": "00:05:41", "text": "well, then"}, {"start": "00:05:39", "end": "00:05:43", "text": "things could get back to pretty good"}, {"start": "00:05:41", "end": "00:05:44", "text": "real quick. Plus, the V-shaped reversal"}, {"start": "00:05:43", "end": "00:05:46", "text": "in the stock market's been unbelievable."}, {"start": "00:05:44", "end": "00:05:49", "text": "We got more on that just a second. Hey,"}, {"start": "00:05:46", "end": "00:05:52", "text": "real quick update on trades here."}, {"start": "00:05:49", "end": "00:05:56", "text": "Currently, I've got a a Tesla wait Tesla"}, {"start": "00:05:52", "end": "00:05:57", "text": "long here. I've moved the stop up to"}, {"start": "00:05:56", "end": "00:06:00", "text": "break even. So, I put the stop loss at"}, {"start": "00:05:57", "end": "00:06:04", "text": "like 354. So, unrealized profit loss on"}, {"start": "00:06:00", "end": "00:06:06", "text": "that 51. Still targeting 380. So, we're"}, {"start": "00:06:04", "end": "00:06:10", "text": "about $14 away from the take-profit"}, {"start": "00:06:06", "end": "00:06:12", "text": "hitting on this Bitcoin long price has"}, {"start": "00:06:10", "end": "00:06:15", "text": "been moved up. The stops move up to"}, {"start": "00:06:12", "end": "00:06:18", "text": "break even at 7,000 71,100."}, {"start": "00:06:15", "end": "00:06:21", "text": "Still targeting 77,000 for the take"}, {"start": "00:06:18", "end": "00:06:23", "text": "profit on this one. Very close today,"}, {"start": "00:06:21", "end": "00:06:26", "text": "but not quite."}, {"start": "00:06:23", "end": "00:06:28", "text": "Salana long currently in entry price"}, {"start": "00:06:26", "end": "00:06:31", "text": "8277. And I did have a smaller long in"}, {"start": "00:06:28", "end": "00:06:33", "text": "yesterday and a sort of less I desirable"}, {"start": "00:06:31", "end": "00:06:34", "text": "entry which I'm not surprised things"}, {"start": "00:06:33", "end": "00:06:35", "text": "played out the way they did. But I"}, {"start": "00:06:34", "end": "00:06:36", "text": "looked at the charts today and we'll"}, {"start": "00:06:35", "end": "00:06:37", "text": "talk about that chart in just a second."}, {"start": "00:06:36", "end": "00:06:40", "text": "I said, you know what? We're longing"}, {"start": "00:06:37", "end": "00:06:42", "text": "some salon here. Let's go. Might need to"}, {"start": "00:06:40", "end": "00:06:44", "text": "move that stop up, but it's just hasn't"}, {"start": "00:06:42", "end": "00:06:46", "text": "got hasn't got that far yet. That's the"}, {"start": "00:06:44", "end": "00:06:48", "text": "problem. I want to get a little bit far."}, {"start": "00:06:46", "end": "00:06:50", "text": "Like get up to like 85 86 and then I'll"}, {"start": "00:06:48", "end": "00:06:51", "text": "move the uh stop loss up to break even."}, {"start": "00:06:50", "end": "00:06:53", "text": "So at least can't lose any money on the"}, {"start": "00:06:51", "end": "00:06:54", "text": "trade. Worst case scenario. If you want"}, {"start": "00:06:53", "end": "00:06:56", "text": "to join me trading over on Bit Unix,"}, {"start": "00:06:54", "end": "00:06:58", "text": "there's a link down below. Go check it"}, {"start": "00:06:56", "end": "00:07:00", "text": "out. When you sign up, of course, you're"}, {"start": "00:06:58", "end": "00:07:01", "text": "going to get some amazing deposit"}, {"start": "00:07:00", "end": "00:07:03", "text": "bonuses. Deposit 1,000 bucks, get 200"}, {"start": "00:07:01", "end": "00:07:07", "text": "bucks back. Deposit 2,000 bucks, you get"}, {"start": "00:07:03", "end": "00:07:09", "text": "$400 back in your account. Plus, it's"}, {"start": "00:07:07", "end": "00:07:11", "text": "able to anyone, anywhere. That's you."}, {"start": "00:07:09", "end": "00:07:13", "text": "You're anyone, you're anywhere. You can"}, {"start": "00:07:11", "end": "00:07:15", "text": "trade on Bit Unix. They don't just do"}, {"start": "00:07:13", "end": "00:07:17", "text": "crypto anymore. Okay? You can long and"}, {"start": "00:07:15", "end": "00:07:19", "text": "short the"}, {"start": "00:07:17", "end": "00:07:20", "text": "whatever you want. You know, uh crypto"}, {"start": "00:07:19", "end": "00:07:21", "text": "coins, they got you covered. They got"}, {"start": "00:07:20", "end": "00:07:23", "text": "deep liquid. They got the Bitcoin. They"}, {"start": "00:07:21", "end": "00:07:25", "text": "got the Ethereum, the Salon, the XRP,"}, {"start": "00:07:23", "end": "00:07:27", "text": "they got the dog coins you want to trade"}, {"start": "00:07:25", "end": "00:07:28", "text": "long. They're up short the dips. But now"}, {"start": "00:07:27", "end": "00:07:32", "text": "they got commodities. So you can trade"}, {"start": "00:07:28", "end": "00:07:34", "text": "oil, gold, silver. You can trade stocks."}, {"start": "00:07:32", "end": "00:07:36", "text": "That's the S&P 500 index if you want or"}, {"start": "00:07:34", "end": "00:07:38", "text": "individual stocks like my Tesla trade."}, {"start": "00:07:36", "end": "00:07:40", "text": "Link down below. Go check it out. Get"}, {"start": "00:07:38", "end": "00:07:42", "text": "signed up. Start trading the way you"}, {"start": "00:07:40", "end": "00:07:44", "text": "showed to some freedom. So"}, {"start": "00:07:42", "end": "00:07:46", "text": "let's look at some of the bull and bear"}, {"start": "00:07:44", "end": "00:07:49", "text": "takes right now. Ivan on tech remaining"}, {"start": "00:07:46", "end": "00:07:52", "text": "bearish. Resistance not broken. bare"}, {"start": "00:07:49", "end": "00:07:54", "text": "trend remains. And again, I just go back"}, {"start": "00:07:52", "end": "00:07:56", "text": "to until this channel resolves itself,"}, {"start": "00:07:54", "end": "00:08:00", "text": "either a breakout beyond $78,000 or a"}, {"start": "00:07:56", "end": "00:08:02", "text": "break down under $68,000."}, {"start": "00:08:00", "end": "00:08:05", "text": "We're all just sort of speculating about"}, {"start": "00:08:02", "end": "00:08:07", "text": "what could or could not be within that"}, {"start": "00:08:05", "end": "00:08:09", "text": "situation. But Ivan's got an interesting"}, {"start": "00:08:07", "end": "00:08:10", "text": "point here, so let's talk about it. The"}, {"start": "00:08:09", "end": "00:08:13", "text": "buy pressure from sale would increase"}, {"start": "00:08:10", "end": "00:08:15", "text": "until miday. The STRC X dividend day is"}, {"start": "00:08:13", "end": "00:08:17", "text": "today. Meaning, if you bought STRC"}, {"start": "00:08:15", "end": "00:08:19", "text": "before today, you get this dividend at"}, {"start": "00:08:17", "end": "00:08:21", "text": "the end of the month. So, everyone was"}, {"start": "00:08:19", "end": "00:08:24", "text": "rushing to buy to get the dividend. When"}, {"start": "00:08:21", "end": "00:08:25", "text": "the STRC buy pressure uh issues more of"}, {"start": "00:08:24", "end": "00:08:27", "text": "it, raise more money to buy BTC with buy"}, {"start": "00:08:25", "end": "00:08:29", "text": "pressure up to 15th of each month, which"}, {"start": "00:08:27", "end": "00:08:32", "text": "corresponds to the Bitcoin pumps. For"}, {"start": "00:08:29", "end": "00:08:34", "text": "now, Sailor is the buyer of BTC. We had"}, {"start": "00:08:32", "end": "00:08:35", "text": "half billion dollars of ETF inflows"}, {"start": "00:08:34", "end": "00:08:37", "text": "yesterday, too. But obviously, Sailor is"}, {"start": "00:08:35", "end": "00:08:40", "text": "the real big bidder during the bare"}, {"start": "00:08:37", "end": "00:08:42", "text": "market. We risk off since October."}, {"start": "00:08:40", "end": "00:08:44", "text": "Remain riskoff. Capital preservation is"}, {"start": "00:08:42", "end": "00:08:48", "text": "most important time to be bullish. Uh"}, {"start": "00:08:44", "end": "00:08:51", "text": "will come into time. Now, Ivan uh bought"}, {"start": "00:08:48", "end": "00:08:53", "text": "some around 60K, I think, and he's"}, {"start": "00:08:51", "end": "00:08:54", "text": "looking for lower levels to deploy the"}, {"start": "00:08:53", "end": "00:08:57", "text": "rest of his capital or for a bullish"}, {"start": "00:08:54", "end": "00:08:59", "text": "confirmation uh to the upside."}, {"start": "00:08:57", "end": "00:09:01", "text": "Colin says, \"Despite what Bitcoin"}, {"start": "00:08:59", "end": "00:09:02", "text": "permables are pedalling, the 60K"}, {"start": "00:09:01", "end": "00:09:04", "text": "February bottom was only four months"}, {"start": "00:09:02", "end": "00:09:05", "text": "into a typical four-month cycle. Could"}, {"start": "00:09:04", "end": "00:09:08", "text": "it be shorter this time? Sure, but 2/3"}, {"start": "00:09:05", "end": "00:09:10", "text": "less. It was only a 53% drop compared to"}, {"start": "00:09:08", "end": "00:09:12", "text": "the 77% plus drops of prior cycles. The"}, {"start": "00:09:10", "end": "00:09:16", "text": "60K bottom is statistically unlikely to"}, {"start": "00:09:12", "end": "00:09:18", "text": "be the bottom. Statistics are hard. We"}, {"start": "00:09:16", "end": "00:09:21", "text": "only have three bare markets previously"}, {"start": "00:09:18", "end": "00:09:25", "text": "to draw data on. That's the tricky part."}, {"start": "00:09:21", "end": "00:09:27", "text": "And the three previous bare markets were"}, {"start": "00:09:25", "end": "00:09:29", "text": "structurally different, let's say, than"}, {"start": "00:09:27", "end": "00:09:32", "text": "this one. And it's interesting because"}, {"start": "00:09:29", "end": "00:09:34", "text": "the four-year cycle has surprised me how"}, {"start": "00:09:32", "end": "00:09:37", "text": "much of a meme the entire crypto space"}, {"start": "00:09:34", "end": "00:09:39", "text": "trades like. There was no real reason"}, {"start": "00:09:37", "end": "00:09:41", "text": "for us to top on October 6th except that"}, {"start": "00:09:39", "end": "00:09:42", "text": "that hey, it was a magical number of"}, {"start": "00:09:41", "end": "00:09:43", "text": "days after the Bitcoin having even"}, {"start": "00:09:42", "end": "00:09:45", "text": "though the Bitcoin having doesn't really"}, {"start": "00:09:43", "end": "00:09:46", "text": "matter anymore. But that's a narrative."}, {"start": "00:09:45", "end": "00:09:48", "text": "let's just run with it. And then of"}, {"start": "00:09:46", "end": "00:09:50", "text": "course 1010 happened that really screwed"}, {"start": "00:09:48", "end": "00:09:52", "text": "crypto. Stocks went on this generational"}, {"start": "00:09:50", "end": "00:09:56", "text": "run for a few more months."}, {"start": "00:09:52", "end": "00:09:58", "text": "Crypto did not keep up."}, {"start": "00:09:56", "end": "00:10:03", "text": "Now, here's a few interesting ideas uh"}, {"start": "00:09:58", "end": "00:10:07", "text": "for Colin here. One, what if we're not"}, {"start": "00:10:03", "end": "00:10:10", "text": "four months into the uh bare market, but"}, {"start": "00:10:07", "end": "00:10:11", "text": "what if actually we are coming closer to"}, {"start": "00:10:10", "end": "00:10:13", "text": "an end of the bare market. The bare"}, {"start": "00:10:11", "end": "00:10:15", "text": "market actually started in January 25"}, {"start": "00:10:13", "end": "00:10:16", "text": "left translated cycle. Now I was going"}, {"start": "00:10:15", "end": "00:10:19", "text": "to say but well if the price obviously"}, {"start": "00:10:16", "end": "00:10:21", "text": "went up to a higher high than the price"}, {"start": "00:10:19", "end": "00:10:23", "text": "of January. So therefore what are you"}, {"start": "00:10:21", "end": "00:10:24", "text": "talking about lark? Yes but that was"}, {"start": "00:10:23", "end": "00:10:26", "text": "only due to the digital asset treasury"}, {"start": "00:10:24", "end": "00:10:27", "text": "hype. Otherwise where are the buyers?"}, {"start": "00:10:26", "end": "00:10:29", "text": "Where is the hype? There's no retail or"}, {"start": "00:10:27", "end": "00:10:32", "text": "very little retail participating in that"}, {"start": "00:10:29", "end": "00:10:34", "text": "move. Something to think about. Also"}, {"start": "00:10:32", "end": "00:10:35", "text": "have a look at this. And I don't have"}, {"start": "00:10:34", "end": "00:10:36", "text": "the chart on me right now but I've"}, {"start": "00:10:35", "end": "00:10:39", "text": "shared this with you guys a week or so"}, {"start": "00:10:36", "end": "00:10:40", "text": "ago. If you look at the time, right, we"}, {"start": "00:10:39", "end": "00:10:43", "text": "can find all kinds of things to prove or"}, {"start": "00:10:40", "end": "00:10:45", "text": "disprove the four-year cycle and we can"}, {"start": "00:10:43", "end": "00:10:47", "text": "sort of pick and choose which parts of"}, {"start": "00:10:45", "end": "00:10:48", "text": "that we want to apply. Now, if you look"}, {"start": "00:10:47", "end": "00:10:51", "text": "at the four-year cycle, what has"}, {"start": "00:10:48", "end": "00:10:53", "text": "happened previously is an approximate"}, {"start": "00:10:51", "end": "00:10:56", "text": "amount of time between the time that we"}, {"start": "00:10:53", "end": "00:10:58", "text": "break the previous all-time high and"}, {"start": "00:10:56", "end": "00:10:59", "text": "when the bare market bottom hits has"}, {"start": "00:10:58", "end": "00:11:01", "text": "been about the same the last two to"}, {"start": "00:10:59", "end": "00:11:06", "text": "three cycles. So that would have in"}, {"start": "00:11:01", "end": "00:11:09", "text": "effect given us the bottom in February"}, {"start": "00:11:06", "end": "00:11:11", "text": "on that big capitulation wig."}, {"start": "00:11:09", "end": "00:11:15", "text": "And yes, we've only dropped 53% so far."}, {"start": "00:11:11", "end": "00:11:18", "text": "And yes, if we have slightly diminishing"}, {"start": "00:11:15", "end": "00:11:20", "text": "dips, then we should have a 72% drop or"}, {"start": "00:11:18", "end": "00:11:24", "text": "something like that this time compared"}, {"start": "00:11:20", "end": "00:11:27", "text": "to 77% last time, 81% time before that,"}, {"start": "00:11:24", "end": "00:11:29", "text": "84% time before that. Sure,"}, {"start": "00:11:27", "end": "00:11:30", "text": "maybe. But there's been a lot of things"}, {"start": "00:11:29", "end": "00:11:33", "text": "about this cycle including the new high"}, {"start": "00:11:30", "end": "00:11:35", "text": "before the having and the fact the"}, {"start": "00:11:33", "end": "00:11:36", "text": "indicator I just mentioned and other"}, {"start": "00:11:35", "end": "00:11:38", "text": "interesting things that have come into"}, {"start": "00:11:36", "end": "00:11:40", "text": "play. So one thing about this cycle so"}, {"start": "00:11:38", "end": "00:11:43", "text": "far is that it's been relatively"}, {"start": "00:11:40", "end": "00:11:45", "text": "surprising in some of the"}, {"start": "00:11:43", "end": "00:11:49", "text": "ways in which it has been different. So"}, {"start": "00:11:45", "end": "00:11:54", "text": "yeah, but if hey October 6th was the"}, {"start": "00:11:49", "end": "00:11:57", "text": "definitive top of top of tops, well"}, {"start": "00:11:54", "end": "00:11:59", "text": "then yeah, sure we're going a lot lower."}, {"start": "00:11:57", "end": "00:12:00", "text": "if we want to stick uh to the four-year"}, {"start": "00:11:59", "end": "00:12:01", "text": "cycle and it seems that a lot of the"}, {"start": "00:12:00", "end": "00:12:03", "text": "market will and a lot of the markets"}, {"start": "00:12:01", "end": "00:12:06", "text": "believed the narrative so much whether"}, {"start": "00:12:03", "end": "00:12:08", "text": "it should be valid or not based on macro"}, {"start": "00:12:06", "end": "00:12:11", "text": "conditions because the macro scene in"}, {"start": "00:12:08", "end": "00:12:14", "text": "2018 and 2022 was dramatically different"}, {"start": "00:12:11", "end": "00:12:17", "text": "than this current macro scene. Okay, the"}, {"start": "00:12:14", "end": "00:12:19", "text": "rates, the inflation, the stock market,"}, {"start": "00:12:17", "end": "00:12:22", "text": "all that stuff was different. So, sure,"}, {"start": "00:12:19", "end": "00:12:24", "text": "but let's see. Let's see. I just wanted"}, {"start": "00:12:22", "end": "00:12:25", "text": "to share a few thoughts. I appreciate"}, {"start": "00:12:24", "end": "00:12:26", "text": "everybody's insights here. Don't get me"}, {"start": "00:12:25", "end": "00:12:27", "text": "wrong. I'm not trying to put anybody"}, {"start": "00:12:26", "end": "00:12:29", "text": "down. I'm very open minded all this"}, {"start": "00:12:27", "end": "00:12:31", "text": "stuff. Ted says people are getting"}, {"start": "00:12:29", "end": "00:12:33", "text": "excited about BTC upcoming weekly MACD"}, {"start": "00:12:31", "end": "00:12:37", "text": "bullcross. Same happened in March 2022."}, {"start": "00:12:33", "end": "00:12:39", "text": "Then Bitcoin dropped 63%. It's true."}, {"start": "00:12:37", "end": "00:12:41", "text": "It's true. Of course, there's other"}, {"start": "00:12:39", "end": "00:12:43", "text": "context to that beyond just the weekly"}, {"start": "00:12:41", "end": "00:12:44", "text": "uh bull cross, but yes indeed, we've"}, {"start": "00:12:43", "end": "00:12:47", "text": "talked about that. I talked about it"}, {"start": "00:12:44", "end": "00:12:50", "text": "yesterday. It could be a fake out. You"}, {"start": "00:12:47", "end": "00:12:53", "text": "never know in markets. Salsa tequila."}, {"start": "00:12:50", "end": "00:12:56", "text": "Finally, somebody whose bias will"}, {"start": "00:12:53", "end": "00:12:57", "text": "comfort my own biases and fit my own"}, {"start": "00:12:56", "end": "00:12:58", "text": "ways of wanting things to play out."}, {"start": "00:12:57", "end": "00:13:00", "text": "Anyway, Bitcoin bought in early"}, {"start": "00:12:58", "end": "00:13:03", "text": "February. There'll be dips, but the"}, {"start": "00:13:00", "end": "00:13:07", "text": "trajectory is up. We will never see 50K"}, {"start": "00:13:03", "end": "00:13:07", "text": "BTC again."}, {"start": "00:13:08", "end": "00:13:12", "text": "Those are big words, salsa. I like it,"}, {"start": "00:13:10", "end": "00:13:14", "text": "man."}, {"start": "00:13:12", "end": "00:13:15", "text": "MDB says, \"Very probable Bitcoin bottoms"}, {"start": "00:13:14", "end": "00:13:17", "text": "in. Just like we didn't have that"}, {"start": "00:13:15", "end": "00:13:19", "text": "blowoff top, we're not getting a very"}, {"start": "00:13:17", "end": "00:13:20", "text": "normal bare market.\" In fact, not a lot"}, {"start": "00:13:19", "end": "00:13:22", "text": "has been normal about this cycle. And"}, {"start": "00:13:20", "end": "00:13:24", "text": "it's easy to do victory laps on C"}, {"start": "00:13:22", "end": "00:13:25", "text": "four-year cycle perfectly played out."}, {"start": "00:13:24", "end": "00:13:27", "text": "Had 1010 not happened, and of course"}, {"start": "00:13:25", "end": "00:13:29", "text": "1010 did happen, late cycle [�__�] right?"}, {"start": "00:13:27", "end": "00:13:30", "text": "But had 1010 not happened, I think we'd"}, {"start": "00:13:29", "end": "00:13:33", "text": "be in a very different situation right"}, {"start": "00:13:30", "end": "00:13:36", "text": "now for crypto overall. I don't think"}, {"start": "00:13:33", "end": "00:13:39", "text": "you can really"}, {"start": "00:13:36", "end": "00:13:41", "text": "underestimate how much brutal damage"}, {"start": "00:13:39", "end": "00:13:44", "text": "that did. Destroyed market makers,"}, {"start": "00:13:41", "end": "00:13:45", "text": "zeroed out traders who had tens of"}, {"start": "00:13:44", "end": "00:13:46", "text": "millions, hundreds of millions of"}, {"start": "00:13:45", "end": "00:13:47", "text": "dollars in some case. And I know they"}, {"start": "00:13:46", "end": "00:13:50", "text": "were taking stupid risks to their money,"}, {"start": "00:13:47", "end": "00:13:53", "text": "but people do that."}, {"start": "00:13:50", "end": "00:13:56", "text": "Anyway, we shall see. We weekly chart"}, {"start": "00:13:53", "end": "00:13:57", "text": "looks like this. Okay. And we had a very"}, {"start": "00:13:56", "end": "00:13:59", "text": "similar move on this channel here where"}, {"start": "00:13:57", "end": "00:14:02", "text": "the final part of the channel, we had a"}, {"start": "00:13:59", "end": "00:14:04", "text": "big push up into the 20week EMA as we're"}, {"start": "00:14:02", "end": "00:14:06", "text": "currently doing right now before a"}, {"start": "00:14:04", "end": "00:14:08", "text": "disgusting rejection. The price"}, {"start": "00:14:06", "end": "00:14:10", "text": "absolutely collapsed. Now, what we"}, {"start": "00:14:08", "end": "00:14:12", "text": "didn't have back then was a bullish MACD"}, {"start": "00:14:10", "end": "00:14:14", "text": "crossover that had already been"}, {"start": "00:14:12", "end": "00:14:16", "text": "confirmed."}, {"start": "00:14:14", "end": "00:14:18", "text": "We'll see if this time is going to be"}, {"start": "00:14:16", "end": "00:14:21", "text": "different or if this pattern will play"}, {"start": "00:14:18", "end": "00:14:23", "text": "out bearishly again,"}, {"start": "00:14:21", "end": "00:14:25", "text": "but we don't need to sit around and"}, {"start": "00:14:23", "end": "00:14:26", "text": "speculate forever because here's the"}, {"start": "00:14:25", "end": "00:14:28", "text": "deal. And again, I just got to keep"}, {"start": "00:14:26", "end": "00:14:31", "text": "reiterating this because it's so"}, {"start": "00:14:28", "end": "00:14:32", "text": "important. Just let the chart tell you"}, {"start": "00:14:31", "end": "00:14:34", "text": "what's going to happen. We can sit"}, {"start": "00:14:32", "end": "00:14:36", "text": "around with our opinions and all that"}, {"start": "00:14:34", "end": "00:14:39", "text": "kind of stuff till the cows come home."}, {"start": "00:14:36", "end": "00:14:42", "text": "If this price action breaks to the"}, {"start": "00:14:39", "end": "00:14:44", "text": "upside over $78,000,"}, {"start": "00:14:42", "end": "00:14:46", "text": "there's a very real chance that the very"}, {"start": "00:14:44", "end": "00:14:48", "text": "least we are getting an extremely"}, {"start": "00:14:46", "end": "00:14:51", "text": "significant bare market rally that could"}, {"start": "00:14:48", "end": "00:14:53", "text": "take Bitcoin up to prices that will get"}, {"start": "00:14:51", "end": "00:14:56", "text": "a lot of people fully convinced that we"}, {"start": "00:14:53", "end": "00:14:58", "text": "are so back before things roll over. Or"}, {"start": "00:14:56", "end": "00:15:01", "text": "perhaps we truly are back in the"}, {"start": "00:14:58", "end": "00:15:02", "text": "four-year cycle is over. Because when"}, {"start": "00:15:01", "end": "00:15:03", "text": "the price starts moving, people are"}, {"start": "00:15:02", "end": "00:15:05", "text": "going to have to start catching up"}, {"start": "00:15:03", "end": "00:15:06", "text": "because everybody's sitting here waiting"}, {"start": "00:15:05", "end": "00:15:08", "text": "to perfectly time the bottom. Well, I'm"}, {"start": "00:15:06", "end": "00:15:10", "text": "just going to buy in October when"}, {"start": "00:15:08", "end": "00:15:12", "text": "Bitcoin's at $40,000. That's what the"}, {"start": "00:15:10", "end": "00:15:14", "text": "crowd's thinking right now."}, {"start": "00:15:12", "end": "00:15:17", "text": "Wouldn't it be a shame if once again"}, {"start": "00:15:14", "end": "00:15:21", "text": "Bitcoin surprises everybody? Well, we"}, {"start": "00:15:17", "end": "00:15:24", "text": "shall see anyway. But break over 78K,"}, {"start": "00:15:21", "end": "00:15:27", "text": "we're going to 88K. break under 68K,"}, {"start": "00:15:24", "end": "00:15:31", "text": "we're going to 58K at the very least."}, {"start": "00:15:27", "end": "00:15:33", "text": "Retesting the bottom of this wick"}, {"start": "00:15:31", "end": "00:15:35", "text": "right now. We're stuck in the channel."}, {"start": "00:15:33", "end": "00:15:37", "text": "Let the channel tell you where we're"}, {"start": "00:15:35", "end": "00:15:38", "text": "going."}, {"start": "00:15:37", "end": "00:15:41", "text": "Hey, by the way, also we got this"}, {"start": "00:15:38", "end": "00:15:42", "text": "potential uh double bottom pattern"}, {"start": "00:15:41", "end": "00:15:45", "text": "playing out. Break of the neckline here"}, {"start": "00:15:42", "end": "00:15:47", "text": "around 75 again sends us up to around"}, {"start": "00:15:45", "end": "00:15:49", "text": "88K approximately. So, a lot of"}, {"start": "00:15:47", "end": "00:15:51", "text": "interesting things building up there."}, {"start": "00:15:49", "end": "00:15:53", "text": "Salana, I put the long in right around"}, {"start": "00:15:51", "end": "00:15:55", "text": "here. update everyone in the near circle"}, {"start": "00:15:53", "end": "00:15:57", "text": "discord of course on that move."}, {"start": "00:15:55", "end": "00:15:59", "text": "Currently moving pretty nicely. I want"}, {"start": "00:15:57", "end": "00:16:02", "text": "to see some more action on this. I want"}, {"start": "00:15:59", "end": "00:16:04", "text": "to get us up to that take profit target"}, {"start": "00:16:02", "end": "00:16:06", "text": "right here $98. But I will lock in the"}, {"start": "00:16:04", "end": "00:16:09", "text": "the stop loss of break even if we can"}, {"start": "00:16:06", "end": "00:16:11", "text": "get up to like 8586 something like that."}, {"start": "00:16:09", "end": "00:16:14", "text": "But hey, you know what? Nice trend line."}, {"start": "00:16:11", "end": "00:16:16", "text": "Nice trend line bounce. Let's see how we"}, {"start": "00:16:14", "end": "00:16:18", "text": "go. This is crazy by the way. I don't"}, {"start": "00:16:16", "end": "00:16:22", "text": "even know what to make of this stuff."}, {"start": "00:16:18", "end": "00:16:26", "text": "But uh a 10th top secret US nuclear"}, {"start": "00:16:22", "end": "00:16:28", "text": "research uh space scientist has vanished"}, {"start": "00:16:26", "end": "00:16:29", "text": "without a trace. The 10th person"}, {"start": "00:16:28", "end": "00:16:31", "text": "connected to top secret US nuclear"}, {"start": "00:16:29", "end": "00:16:35", "text": "research and space program to go missing"}, {"start": "00:16:31", "end": "00:16:35", "text": "or die mysteriously."}, {"start": "00:16:36", "end": "00:16:39", "text": "Something's going on here. This is this"}, {"start": "00:16:37", "end": "00:16:41", "text": "is not normal [�__�] Something is"}, {"start": "00:16:39", "end": "00:16:44", "text": "definitely going on here. And I just"}, {"start": "00:16:41", "end": "00:16:45", "text": "mentioned this because one, the race for"}, {"start": "00:16:44", "end": "00:16:47", "text": "the future of space is going to be"}, {"start": "00:16:45", "end": "00:16:49", "text": "absolutely huge. SpaceX IPO and stuff"}, {"start": "00:16:47", "end": "00:16:53", "text": "like that coming. Obviously, something"}, {"start": "00:16:49", "end": "00:16:54", "text": "is going on. It's going to be a race for"}, {"start": "00:16:53", "end": "00:16:58", "text": "space dominance between the major"}, {"start": "00:16:54", "end": "00:17:00", "text": "powers, but also what if it's the"}, {"start": "00:16:58", "end": "00:17:02", "text": "threebody problem and you have these"}, {"start": "00:17:00", "end": "00:17:04", "text": "scientists who are out there and they"}, {"start": "00:17:02", "end": "00:17:05", "text": "understand that the aliens are coming"}, {"start": "00:17:04", "end": "00:17:07", "text": "and that shit's going to hit the fan and"}, {"start": "00:17:05", "end": "00:17:11", "text": "that there's nothing they can do about"}, {"start": "00:17:07", "end": "00:17:11", "text": "it. and in their despair,"}, {"start": "00:17:11", "end": "00:17:15", "text": "they're choosing to check out."}, {"start": "00:17:14", "end": "00:17:18", "text": "Anyway,"}, {"start": "00:17:15", "end": "00:17:20", "text": "S&P 500 futures, let's talk about that"}, {"start": "00:17:18", "end": "00:17:23", "text": "instead instead of the impending doom"}, {"start": "00:17:20", "end": "00:17:25", "text": "from the coming uh alien invasion. So,"}, {"start": "00:17:23", "end": "00:17:27", "text": "only slightly in the green right now,"}, {"start": "00:17:25", "end": "00:17:31", "text": "but at 7,000. So, here's the deal. The"}, {"start": "00:17:27", "end": "00:17:34", "text": "open the proposed open right now. Oh my"}, {"start": "00:17:31", "end": "00:17:38", "text": "gosh. Is it Hold on a second. I didn't"}, {"start": "00:17:34", "end": "00:17:38", "text": "Oh my god."}, {"start": "00:17:40", "end": "00:17:46", "text": "Okay. So, if futures markets hold based"}, {"start": "00:17:43", "end": "00:17:51", "text": "on their current trajectory, the S&P 500"}, {"start": "00:17:46", "end": "00:17:54", "text": "is going to open at a new all-time high."}, {"start": "00:17:51", "end": "00:17:56", "text": "What the [�__�] even is even this market?"}, {"start": "00:17:54", "end": "00:17:58", "text": "Bitcoin, you're the biggest pile of crap"}, {"start": "00:17:56", "end": "00:18:02", "text": "right now. Would you freaking rally,"}, {"start": "00:17:58", "end": "00:18:04", "text": "dog? I mean, come on. The S&P 500"}, {"start": "00:18:02", "end": "00:18:06", "text": "has completely V-shaped from the Iran"}, {"start": "00:18:04", "end": "00:18:08", "text": "war. I'm not saying it can't still go"}, {"start": "00:18:06", "end": "00:18:10", "text": "down, don't get me wrong, but look at"}, {"start": "00:18:08", "end": "00:18:11", "text": "this. Futures are literally telling us"}, {"start": "00:18:10", "end": "00:18:14", "text": "we're going to open at a new alltime"}, {"start": "00:18:11", "end": "00:18:18", "text": "high today. That is bonkers crazy town,"}, {"start": "00:18:14", "end": "00:18:22", "text": "man. Previous all-time high was 70,2."}, {"start": "00:18:18", "end": "00:18:22", "text": "So, we're open at 77 today."}, {"start": "00:18:22", "end": "00:18:27", "text": "I mean, look at this. This is the most"}, {"start": "00:18:25", "end": "00:18:29", "text": "insane V-shaped recovery I've ever seen"}, {"start": "00:18:27", "end": "00:18:30", "text": "in a market. And this is the S&P 500,"}, {"start": "00:18:29", "end": "00:18:34", "text": "guys. This is not like some random"}, {"start": "00:18:30", "end": "00:18:35", "text": "shitcoin stock. That's insane."}, {"start": "00:18:34", "end": "00:18:40", "text": "That's insane. I don't even know what to"}, {"start": "00:18:35", "end": "00:18:42", "text": "make about this. This is just so nuts. H"}, {"start": "00:18:40", "end": "00:18:44", "text": "I mean, Bitcoin, like if again 1010, you"}, {"start": "00:18:42", "end": "00:18:46", "text": "cannot underestimate how much 1010"}, {"start": "00:18:44", "end": "00:18:47", "text": "screwed us over. There's no reason that"}, {"start": "00:18:46", "end": "00:18:49", "text": "Bitcoin should not be way higher than it"}, {"start": "00:18:47", "end": "00:18:51", "text": "is right now. Except we all just decided"}, {"start": "00:18:49", "end": "00:18:52", "text": "that the four-year cycle, despite all"}, {"start": "00:18:51", "end": "00:18:53", "text": "the macro, despite the financial"}, {"start": "00:18:52", "end": "00:18:56", "text": "conditions, despite everything else"}, {"start": "00:18:53", "end": "00:18:57", "text": "going on in the world, just has to be"}, {"start": "00:18:56", "end": "00:19:00", "text": "slavishly followed. Wow, we're just"}, {"start": "00:18:57", "end": "00:19:01", "text": "slaves to this system. And well, every"}, {"start": "00:19:00", "end": "00:19:04", "text": "four years, this is just what happens."}, {"start": "00:19:01", "end": "00:19:05", "text": "It's stupid, guys. It's stupid. Okay, I"}, {"start": "00:19:04", "end": "00:19:08", "text": "understand it's playing out, but I think"}, {"start": "00:19:05", "end": "00:19:11", "text": "it's stupid. The four-year cycle just"}, {"start": "00:19:08", "end": "00:19:15", "text": "why? Look at the stock market. Look at"}, {"start": "00:19:11", "end": "00:19:17", "text": "it. Oh my god. Anyway,"}, {"start": "00:19:15", "end": "00:19:21", "text": "Oracle on the verge of getting back over"}, {"start": "00:19:17", "end": "00:19:22", "text": "the 20week EMA. Could be a big area for"}, {"start": "00:19:21", "end": "00:19:24", "text": "it. However, it's also in the danger"}, {"start": "00:19:22", "end": "00:19:28", "text": "zone right now. Now, we talked about"}, {"start": "00:19:24", "end": "00:19:29", "text": "this thing at the uh 20we EMA or 200E"}, {"start": "00:19:28", "end": "00:19:30", "text": "EMA here, but now if it's going to get"}, {"start": "00:19:29", "end": "00:19:32", "text": "rejected anywhere, it's going to get"}, {"start": "00:19:30", "end": "00:19:35", "text": "rejected right here. It's this is an"}, {"start": "00:19:32", "end": "00:19:37", "text": "important area of price point where we"}, {"start": "00:19:35", "end": "00:19:39", "text": "have been rejected before. So let's see"}, {"start": "00:19:37", "end": "00:19:40", "text": "what happens. The real move of course"}, {"start": "00:19:39", "end": "00:19:44", "text": "happens when this thing gets back over"}, {"start": "00:19:40", "end": "00:19:45", "text": "the 20we EMA. AMD"}, {"start": "00:19:44", "end": "00:19:49", "text": "still gunning for that triple top, isn't"}, {"start": "00:19:45", "end": "00:19:51", "text": "it? Or the breakout beyond."}, {"start": "00:19:49", "end": "00:19:53", "text": "Come on. Come on AMD bags. Let's go."}, {"start": "00:19:51", "end": "00:19:55", "text": "Let's go. Give daddy a 2x here. Let's"}, {"start": "00:19:53", "end": "00:19:58", "text": "keep rocking."}, {"start": "00:19:55", "end": "00:20:00", "text": "Tesla. All right. 366 premarkets. I"}, {"start": "00:19:58", "end": "00:20:02", "text": "still think we get back up to at least"}, {"start": "00:20:00", "end": "00:20:04", "text": "the 50WE"}, {"start": "00:20:02", "end": "00:20:06", "text": "EMA here. If it's going to be a bearish"}, {"start": "00:20:04", "end": "00:20:07", "text": "retest, fine. If it breaks out, that's a"}, {"start": "00:20:06", "end": "00:20:10", "text": "different story. But that's the"}, {"start": "00:20:07", "end": "00:20:12", "text": "downtrend line. That's the 50WE. That's"}, {"start": "00:20:10", "end": "00:20:13", "text": "my take profit on my short-term trade"}, {"start": "00:20:12", "end": "00:20:15", "text": "for that. If you're not in the air"}, {"start": "00:20:13", "end": "00:20:17", "text": "circle yet, it's awesome. You're missing"}, {"start": "00:20:15", "end": "00:20:18", "text": "out. No, straight up. Links down below."}, {"start": "00:20:17", "end": "00:20:21", "text": "It's our incredible community of"}, {"start": "00:20:18", "end": "00:20:23", "text": "investors and traders. You get AI tools."}, {"start": "00:20:21", "end": "00:20:24", "text": "You get weekly tech stock reports,"}, {"start": "00:20:23", "end": "00:20:26", "text": "weekly altcoin reports, like written by"}, {"start": "00:20:24", "end": "00:20:28", "text": "real humans with real researchers behind"}, {"start": "00:20:26", "end": "00:20:30", "text": "them, by the way. Okay? Hey, we're not"}, {"start": "00:20:28", "end": "00:20:31", "text": "just pumping out a bunch of AI slop"}, {"start": "00:20:30", "end": "00:20:34", "text": "here. This is real [�__�] from a real team"}, {"start": "00:20:31", "end": "00:20:35", "text": "of researchers and OGs in the space."}, {"start": "00:20:34", "end": "00:20:37", "text": "You're going to get weekly uh well,"}, {"start": "00:20:35", "end": "00:20:39", "text": "multiple times per week actually, long"}, {"start": "00:20:37", "end": "00:20:40", "text": "and short updates for crypto, stocks,"}, {"start": "00:20:39", "end": "00:20:41", "text": "metals, and more. There's a link down"}, {"start": "00:20:40", "end": "00:20:43", "text": "below. We'd love to see you in there."}, {"start": "00:20:41", "end": "00:20:46", "text": "Thanks so much for watching. I'll see"}, {"start": "00:20:43", "end": "00:20:46", "text": "you back in the next one. Peace."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Here's a fun story for you. When I was"}, {"start": "00:00:01", "end": "00:00:05", "text": "young, wrecked a yacht in Hawaii. Coast"}, {"start": "00:00:03", "end": "00:00:06", "text": "Guard showed up, boat done, absolutely"}, {"start": "00:00:05", "end": "00:00:08", "text": "done. Everyone's scrambling to get off"}, {"start": "00:00:06", "end": "00:00:11", "text": "and there's a plate full of sushi,"}, {"start": "00:00:08", "end": "00:00:12", "text": "untouched, beautiful, tasty. Everyone"}, {"start": "00:00:11", "end": "00:00:14", "text": "else is focused on the emergency,"}, {"start": "00:00:12", "end": "00:00:15", "text": "they're rushing to get off the boat. I'm"}, {"start": "00:00:14", "end": "00:00:17", "text": "focused on the opportunity, man. I ate"}, {"start": "00:00:15", "end": "00:00:18", "text": "every piece. Last one off the boat."}, {"start": "00:00:17", "end": "00:00:19", "text": "Coast Guard give me a look like, \"Why"}, {"start": "00:00:18", "end": "00:00:22", "text": "are you so [music] late? What are you"}, {"start": "00:00:19", "end": "00:00:24", "text": "doing, man?\" Worth it."}, {"start": "00:00:22", "end": "00:00:25", "text": "Here's the lesson. In chaos, most people"}, {"start": "00:00:24", "end": "00:00:26", "text": "panic, a few people eat the sushi."}, {"start": "00:00:25", "end": "00:00:27", "text": "[music]"}, {"start": "00:00:26", "end": "00:00:28", "text": "Timing isn't about being first, it's"}, {"start": "00:00:27", "end": "00:00:30", "text": "about noticing what everyone else is"}, {"start": "00:00:28", "end": "00:00:32", "text": "ignoring, while they're distracted by"}, {"start": "00:00:30", "end": "00:00:33", "text": "the noise. Every crisis leaves something"}, {"start": "00:00:32", "end": "00:00:35", "text": "on the table. The question is whether"}, {"start": "00:00:33", "end": "00:00:39", "text": "[music] you're calm enough to see it. Be"}, {"start": "00:00:35", "end": "00:00:39", "text": "the guy who got the sushi."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Alt coins, they used to be a joke. Now,"}, {"start": "00:00:02", "end": "00:00:06", "text": "billion-dollar institutions are taking"}, {"start": "00:00:04", "end": "00:00:08", "text": "them seriously. Let's talk about"}, {"start": "00:00:06", "end": "00:00:11", "text": "something that most casual investors"}, {"start": "00:00:08", "end": "00:00:13", "text": "overlook. Bitcoin is revolutionary, the"}, {"start": "00:00:11", "end": "00:00:15", "text": "first decentralized cryptocurrency, and"}, {"start": "00:00:13", "end": "00:00:17", "text": "it's still the benchmark. Digital gold"}, {"start": "00:00:15", "end": "00:00:18", "text": "with a hard cap of 21 million coins, a"}, {"start": "00:00:17", "end": "00:00:20", "text": "store of value that you can move"}, {"start": "00:00:18", "end": "00:00:24", "text": "anywhere in the world. But, here's"}, {"start": "00:00:20", "end": "00:00:27", "text": "what's changed. The crypto ecosystem did"}, {"start": "00:00:24", "end": "00:00:29", "text": "not stop at Bitcoin. Alt coins, every"}, {"start": "00:00:27", "end": "00:00:31", "text": "cryptocurrency that isn't Bitcoin, have"}, {"start": "00:00:29", "end": "00:00:33", "text": "emerged as serious players, and they"}, {"start": "00:00:31", "end": "00:00:35", "text": "serve a completely different purpose."}, {"start": "00:00:33", "end": "00:00:37", "text": "While Bitcoin stores value, alt coins"}, {"start": "00:00:35", "end": "00:00:39", "text": "enable utility through smart contracts."}, {"start": "00:00:37", "end": "00:00:41", "text": "These are agreements that execute"}, {"start": "00:00:39", "end": "00:00:45", "text": "automatically when conditions are met."}, {"start": "00:00:41", "end": "00:00:48", "text": "No banks, no lawyers, no intermediaries."}, {"start": "00:00:45", "end": "00:00:51", "text": "Think about what that unlocks. Platforms"}, {"start": "00:00:48", "end": "00:00:53", "text": "like Ethereum, Solana, and Avalanche"}, {"start": "00:00:51", "end": "00:00:55", "text": "provide the infrastructure, and on top"}, {"start": "00:00:53", "end": "00:00:57", "text": "of them, you get stable coins for"}, {"start": "00:00:55", "end": "00:00:59", "text": "payments [music] and many other things."}, {"start": "00:00:57", "end": "00:01:00", "text": "Decentralized finance replacing"}, {"start": "00:00:59", "end": "00:01:02", "text": "traditional banking, new models for"}, {"start": "00:01:00", "end": "00:01:04", "text": "ownership, and new models [music] for"}, {"start": "00:01:02", "end": "00:01:06", "text": "transactions. This isn't theoretical"}, {"start": "00:01:04", "end": "00:01:08", "text": "anymore. Major financial institutions"}, {"start": "00:01:06", "end": "00:01:11", "text": "are actively [music] experimenting with"}, {"start": "00:01:08", "end": "00:01:12", "text": "altcoin networks. That's not retail"}, {"start": "00:01:11", "end": "00:01:15", "text": "[music] hype."}, {"start": "00:01:12", "end": "00:01:17", "text": "That's institutional validation. Now,"}, {"start": "00:01:15", "end": "00:01:20", "text": "here's the honest truth. Not every"}, {"start": "00:01:17", "end": "00:01:22", "text": "[music] altcoin will survive. The risks"}, {"start": "00:01:20", "end": "00:01:24", "text": "are real. Higher volatility than"}, {"start": "00:01:22", "end": "00:01:26", "text": "Bitcoin. Projects fail. Regulatory"}, {"start": "00:01:24", "end": "00:01:29", "text": "frameworks are still taking shape."}, {"start": "00:01:26", "end": "00:01:30", "text": "Technical vulnerabilities exist. This"}, {"start": "00:01:29", "end": "00:01:31", "text": "isn't about chasing the next moonshot"}, {"start": "00:01:30", "end": "00:01:34", "text": "[music]"}, {"start": "00:01:31", "end": "00:01:37", "text": "or promising guaranteed gains. That's"}, {"start": "00:01:34", "end": "00:01:39", "text": "not how serious investing works. But,"}, {"start": "00:01:37", "end": "00:01:42", "text": "here's the opportunity. Some of these"}, {"start": "00:01:39", "end": "00:01:45", "text": "altcoins may become essential"}, {"start": "00:01:42", "end": "00:01:48", "text": "infrastructure for the future financial"}, {"start": "00:01:45", "end": "00:01:51", "text": "system, and thoughtful exposure beyond"}, {"start": "00:01:48", "end": "00:01:53", "text": "Bitcoin, understanding what you own and"}, {"start": "00:01:51", "end": "00:01:55", "text": "why, could be worth considering. Alt"}, {"start": "00:01:53", "end": "00:01:57", "text": "coins aren't better than Bitcoin."}, {"start": "00:01:55", "end": "00:02:00", "text": "They're different. They complement it."}, {"start": "00:01:57", "end": "00:02:02", "text": "The question isn't Bitcoin or altcoins,"}, {"start": "00:02:00", "end": "00:02:05", "text": "it's whether your portfolio reflects"}, {"start": "00:02:02", "end": "00:02:09", "text": "where crypto is actually heading. Do"}, {"start": "00:02:05", "end": "00:02:13", "text": "your own research, understand the risks,"}, {"start": "00:02:09", "end": "00:02:13", "text": "then decide what makes sense for you."}, {"start": "00:02:14", "end": "00:02:16", "text": ">> [music]"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "April 27th. That could be the day that"}, {"start": "00:00:02", "end": "00:00:07", "text": "Bitcoin truly explodes as that is the"}, {"start": "00:00:04", "end": "00:00:09", "text": "new final final final final date that"}, {"start": "00:00:07", "end": "00:00:12", "text": "Trump has set for resolving the Iran"}, {"start": "00:00:09", "end": "00:00:14", "text": "conflict. We got that news, the latest"}, {"start": "00:00:12", "end": "00:00:15", "text": "out of the Iran situation. We got the"}, {"start": "00:00:14", "end": "00:00:17", "text": "latest Bitcoin charts. Why is Bitcoin"}, {"start": "00:00:15", "end": "00:00:19", "text": "pumped today? What is behind the move?"}, {"start": "00:00:17", "end": "00:00:20", "text": "We got altcoin updates. We got stock"}, {"start": "00:00:19", "end": "00:00:22", "text": "updates. We got a lot going on for you"}, {"start": "00:00:20", "end": "00:00:23", "text": "in today's video. So, we better get the"}, {"start": "00:00:22", "end": "00:00:26", "text": "heck straight into it. First and"}, {"start": "00:00:23", "end": "00:00:29", "text": "foremost, Donald Trump. Trump from the"}, {"start": "00:00:26", "end": "00:00:30", "text": "Oval Office's two new twoe deadline for"}, {"start": "00:00:29", "end": "00:00:32", "text": "Iran to make a deal. Warning, the"}, {"start": "00:00:30", "end": "00:00:34", "text": "situation won't be pleasant if Iran does"}, {"start": "00:00:32", "end": "00:00:37", "text": "not agree by April 27th. So, we have our"}, {"start": "00:00:34", "end": "00:00:40", "text": "newest final deadline before"}, {"start": "00:00:37", "end": "00:00:42", "text": "the obliteration of Iran."}, {"start": "00:00:40", "end": "00:00:45", "text": "I think that this is actually very"}, {"start": "00:00:42", "end": "00:00:47", "text": "positive. The fact is they're talking,"}, {"start": "00:00:45", "end": "00:00:48", "text": "negotiations are happening."}, {"start": "00:00:47", "end": "00:00:50", "text": "A new round of negotiations between the"}, {"start": "00:00:48", "end": "00:00:51", "text": "US and Iran may be held on Thursday."}, {"start": "00:00:50", "end": "00:00:53", "text": "President Trump said have been called by"}, {"start": "00:00:51", "end": "00:00:55", "text": "the other side. They want to work out a"}, {"start": "00:00:53", "end": "00:00:56", "text": "deal. Fantastic. Iranian officials are"}, {"start": "00:00:55", "end": "00:00:58", "text": "still considering US proposal to end the"}, {"start": "00:00:56", "end": "00:00:59", "text": "war center around giving up uranium"}, {"start": "00:00:58", "end": "00:01:00", "text": "enrichment. When this news came out"}, {"start": "00:00:59", "end": "00:01:03", "text": "yesterday is largely when the market"}, {"start": "00:01:00", "end": "00:01:06", "text": "pump started across the board for uh"}, {"start": "00:01:03", "end": "00:01:08", "text": "stocks and crypto."}, {"start": "00:01:06", "end": "00:01:10", "text": "This is very interesting. Uh Caitlyn"}, {"start": "00:01:08", "end": "00:01:12", "text": "here says one thing affecting why Iran"}, {"start": "00:01:10", "end": "00:01:14", "text": "couldn't make a deal with the Islamabad."}, {"start": "00:01:12", "end": "00:01:15", "text": "Vance was able to call Trump six plus"}, {"start": "00:01:14", "end": "00:01:16", "text": "times. Iranians could not call their"}, {"start": "00:01:15", "end": "00:01:18", "text": "found decision maker because of course"}, {"start": "00:01:16", "end": "00:01:20", "text": "they'd trace the phone call and then"}, {"start": "00:01:18", "end": "00:01:23", "text": "blow that guy up back in Iran is the"}, {"start": "00:01:20", "end": "00:01:25", "text": "worries. So there you go."}, {"start": "00:01:23", "end": "00:01:26", "text": "In the last 36 hours, between 15 and 20"}, {"start": "00:01:25", "end": "00:01:27", "text": "ships have passed through the straight"}, {"start": "00:01:26", "end": "00:01:29", "text": "of Hormuz. The ships are from China,"}, {"start": "00:01:27", "end": "00:01:31", "text": "Russia, Pakistan, and Iran. Once again,"}, {"start": "00:01:29", "end": "00:01:32", "text": "the entire world's laughing at Trump."}, {"start": "00:01:31", "end": "00:01:35", "text": "Good to see more ships transiting"}, {"start": "00:01:32", "end": "00:01:37", "text": "through the Straight of Hormuz. I don't"}, {"start": "00:01:35", "end": "00:01:38", "text": "agree with the guy. Last statement here."}, {"start": "00:01:37", "end": "00:01:40", "text": "I don't think the entire world's"}, {"start": "00:01:38", "end": "00:01:41", "text": "laughing at Trump. Trump's like the um"}, {"start": "00:01:40", "end": "00:01:43", "text": "Some of you guys, by the way, I've seen"}, {"start": "00:01:41", "end": "00:01:46", "text": "the comments are like, L, you hate Trump"}, {"start": "00:01:43", "end": "00:01:48", "text": "so much. I I I don't really care about"}, {"start": "00:01:46", "end": "00:01:50", "text": "Trump. I just like to make that I don't"}, {"start": "00:01:48", "end": "00:01:53", "text": "really care about any politician"}, {"start": "00:01:50", "end": "00:01:56", "text": "personal sort of level. uh think Trump's"}, {"start": "00:01:53", "end": "00:01:58", "text": "pretty funny to be honest, but um when I"}, {"start": "00:01:56", "end": "00:02:00", "text": "look at politics and politicians just so"}, {"start": "00:01:58", "end": "00:02:02", "text": "you're very clear and you know for all"}, {"start": "00:02:00", "end": "00:02:03", "text": "guys who are like stay in your lane like"}, {"start": "00:02:02", "end": "00:02:05", "text": "I actually have a master's degree in"}, {"start": "00:02:03", "end": "00:02:06", "text": "political science but uh not that"}, {"start": "00:02:05", "end": "00:02:08", "text": "matters taught me enough to know that"}, {"start": "00:02:06", "end": "00:02:10", "text": "politics [�__�] and if you're stuck on"}, {"start": "00:02:08", "end": "00:02:12", "text": "this paradigm of oh left team right team"}, {"start": "00:02:10", "end": "00:02:14", "text": "blue team red team who the hell cares"}, {"start": "00:02:12", "end": "00:02:16", "text": "who cares what difference does it make"}, {"start": "00:02:14", "end": "00:02:18", "text": "to your life on a daily basis here's the"}, {"start": "00:02:16", "end": "00:02:20", "text": "reality though for me you can disagree"}, {"start": "00:02:18", "end": "00:02:23", "text": "with me roast me in the comments go for"}, {"start": "00:02:20", "end": "00:02:26", "text": "it So,"}, {"start": "00:02:23", "end": "00:02:31", "text": "I care about things that major political"}, {"start": "00:02:26", "end": "00:02:34", "text": "leaders do that affect my portfolio."}, {"start": "00:02:31", "end": "00:02:36", "text": "That's it. The Iran situation obviously"}, {"start": "00:02:34", "end": "00:02:37", "text": "has had a huge effect on everyone's"}, {"start": "00:02:36", "end": "00:02:40", "text": "portfolios, giving you great"}, {"start": "00:02:37", "end": "00:02:42", "text": "opportunities to buy some tasty dips,"}, {"start": "00:02:40", "end": "00:02:44", "text": "but also then leading to inflation at"}, {"start": "00:02:42", "end": "00:02:47", "text": "the gas pump and all this kind of stuff."}, {"start": "00:02:44", "end": "00:02:49", "text": "So, there's been a lot of"}, {"start": "00:02:47", "end": "00:02:52", "text": "uncertainty around this for good reason."}, {"start": "00:02:49", "end": "00:02:54", "text": "So when I talk about a politician,"}, {"start": "00:02:52", "end": "00:02:57", "text": "whether it be Trump, Kier Starmmer,"}, {"start": "00:02:54", "end": "00:02:59", "text": "Emanuel Mcronone, or the Fed guy,"}, {"start": "00:02:57", "end": "00:03:00", "text": "whoever else, I don't really care so"}, {"start": "00:02:59", "end": "00:03:04", "text": "much about the personalities. I don't"}, {"start": "00:03:00", "end": "00:03:06", "text": "love or hate anybody. Okay? I look at it"}, {"start": "00:03:04", "end": "00:03:09", "text": "very sobermindedly. How will this affect"}, {"start": "00:03:06", "end": "00:03:12", "text": "my bottom line? Is this good or bad for"}, {"start": "00:03:09", "end": "00:03:13", "text": "my portfolio? That's it. And to be"}, {"start": "00:03:12", "end": "00:03:14", "text": "honest, I feel like that's what most of"}, {"start": "00:03:13", "end": "00:03:16", "text": "you guys should be doing, too, because"}, {"start": "00:03:14", "end": "00:03:19", "text": "that's at the end of the day all that"}, {"start": "00:03:16", "end": "00:03:21", "text": "really matters. Anyway, continuing."}, {"start": "00:03:19", "end": "00:03:23", "text": "The audacity to just be optimistic and"}, {"start": "00:03:21", "end": "00:03:27", "text": "high energy when life gets hard is"}, {"start": "00:03:23", "end": "00:03:30", "text": "actually a superpower. My man. My man. I"}, {"start": "00:03:27", "end": "00:03:33", "text": "love it. Yes. Yes. Do not get torn down"}, {"start": "00:03:30", "end": "00:03:36", "text": "by all this doomer [�__�] that you see."}, {"start": "00:03:33", "end": "00:03:39", "text": "Life's electric, bro. It's a vibe. Love"}, {"start": "00:03:36", "end": "00:03:40", "text": "it. Live it. It's fantastic."}, {"start": "00:03:39", "end": "00:03:41", "text": "H. Hey, that reminds me. I actually want"}, {"start": "00:03:40", "end": "00:03:43", "text": "to tell you guys real quick before we"}, {"start": "00:03:41", "end": "00:03:44", "text": "get into the Bitcoin news. I know a lot"}, {"start": "00:03:43", "end": "00:03:46", "text": "of you been asking, Lark, when live"}, {"start": "00:03:44", "end": "00:03:48", "text": "stream. Well, I'd like to just tell you"}, {"start": "00:03:46", "end": "00:03:50", "text": "live streams will be coming back"}, {"start": "00:03:48", "end": "00:03:51", "text": "relatively soonish, but I wanted to do"}, {"start": "00:03:50", "end": "00:03:53", "text": "it in a way that I think really makes"}, {"start": "00:03:51", "end": "00:03:55", "text": "sense and is going to deliver massive"}, {"start": "00:03:53", "end": "00:03:56", "text": "value versus kind of what we were doing"}, {"start": "00:03:55", "end": "00:03:59", "text": "before, which were fun, don't get me"}, {"start": "00:03:56", "end": "00:04:01", "text": "wrong, but I've got a whole new idea for"}, {"start": "00:03:59", "end": "00:04:02", "text": "essentially the Lark Show. We're going"}, {"start": "00:04:01", "end": "00:04:05", "text": "to call it We're going to call the Lark"}, {"start": "00:04:02", "end": "00:04:06", "text": "Show anyway, but it's going to be great."}, {"start": "00:04:05", "end": "00:04:07", "text": "We're going to have guests. We're going"}, {"start": "00:04:06", "end": "00:04:10", "text": "to have all kinds of really cool stuff"}, {"start": "00:04:07", "end": "00:04:13", "text": "going on. a lot of background research"}, {"start": "00:04:10", "end": "00:04:15", "text": "from the team to help deliver really"}, {"start": "00:04:13", "end": "00:04:18", "text": "high impact shows for you that are going"}, {"start": "00:04:15", "end": "00:04:20", "text": "to be not just fun but also extremely"}, {"start": "00:04:18", "end": "00:04:22", "text": "informative and are going to help you of"}, {"start": "00:04:20", "end": "00:04:23", "text": "course master your bottom line on your"}, {"start": "00:04:22", "end": "00:04:26", "text": "portfolio which is what we're all here"}, {"start": "00:04:23", "end": "00:04:29", "text": "for anyway, isn't it? Okay, just an"}, {"start": "00:04:26", "end": "00:04:33", "text": "update there for you. Michael Sailor"}, {"start": "00:04:29", "end": "00:04:36", "text": "13,927 BTC last week my man. Godzilla"}, {"start": "00:04:33", "end": "00:04:38", "text": "sized balls on this guy to just keep"}, {"start": "00:04:36", "end": "00:04:41", "text": "pushing the buy button. you love to see"}, {"start": "00:04:38", "end": "00:04:42", "text": "it. Also, yesterday, this is not counted"}, {"start": "00:04:41", "end": "00:04:43", "text": "into those numbers because this is for"}, {"start": "00:04:42", "end": "00:04:45", "text": "the current week and we won't know how"}, {"start": "00:04:43", "end": "00:04:48", "text": "much Bitcoin sellers bought until Monday"}, {"start": "00:04:45", "end": "00:04:50", "text": "next week. But anyway,"}, {"start": "00:04:48", "end": "00:04:54", "text": "STRC, the stretch preferred stock pays"}, {"start": "00:04:50", "end": "00:04:56", "text": "1.5% dividend yield. They sold 450"}, {"start": "00:04:54", "end": "00:04:59", "text": "million worth yesterday, bringing in"}, {"start": "00:04:56", "end": "00:05:01", "text": "around 6,200 BTC."}, {"start": "00:04:59", "end": "00:05:02", "text": "Now, I don't know how Tuesday,"}, {"start": "00:05:01", "end": "00:05:07", "text": "Wednesday, Thursday, and Friday play"}, {"start": "00:05:02", "end": "00:05:10", "text": "out. Even that one day alone is massive."}, {"start": "00:05:07", "end": "00:05:12", "text": "Look at this. This is We have never had"}, {"start": "00:05:10", "end": "00:05:13", "text": "a buyer like this in a bare market"}, {"start": "00:05:12", "end": "00:05:16", "text": "before. You have to understand this."}, {"start": "00:05:13", "end": "00:05:17", "text": "This is absolutely unprecedented levels"}, {"start": "00:05:16", "end": "00:05:20", "text": "of buying. We actually had $300 million"}, {"start": "00:05:17", "end": "00:05:22", "text": "of ETF outflows yesterday and this"}, {"start": "00:05:20", "end": "00:05:23", "text": "happened. I bet all those ETF sellers"}, {"start": "00:05:22", "end": "00:05:25", "text": "watched at the end of the day and said,"}, {"start": "00:05:23", "end": "00:05:28", "text": "\"Why the heck did I sell?\" Because guess"}, {"start": "00:05:25", "end": "00:05:31", "text": "what? Bitcoin pumping yesterday. Huge"}, {"start": "00:05:28", "end": "00:05:33", "text": "bounce here off the 50-day EMA. 20"}, {"start": "00:05:31", "end": "00:05:34", "text": "50-day EMA is about to have a bullish"}, {"start": "00:05:33", "end": "00:05:36", "text": "crossover."}, {"start": "00:05:34", "end": "00:05:37", "text": "Still within the channel, though. That's"}, {"start": "00:05:36", "end": "00:05:38", "text": "the main thing to point out here. We're"}, {"start": "00:05:37", "end": "00:05:40", "text": "still trading within the channel. The"}, {"start": "00:05:38", "end": "00:05:41", "text": "real move resolves either on the break"}, {"start": "00:05:40", "end": "00:05:43", "text": "to the upside or the downside of the"}, {"start": "00:05:41", "end": "00:05:46", "text": "channel. Break over $78,000. Top of the"}, {"start": "00:05:43", "end": "00:05:48", "text": "channel, it implies an $88,000 move."}, {"start": "00:05:46", "end": "00:05:51", "text": "Break to the downside from around"}, {"start": "00:05:48", "end": "00:05:54", "text": "$68,000 implies around a $58,000 move"}, {"start": "00:05:51", "end": "00:05:56", "text": "here for BTC."}, {"start": "00:05:54", "end": "00:05:57", "text": "Okay. Now, look, I already see a lot of"}, {"start": "00:05:56", "end": "00:05:59", "text": "people out there saying this is just a a"}, {"start": "00:05:57", "end": "00:06:01", "text": "bare market rally. Don't get too"}, {"start": "00:05:59", "end": "00:06:03", "text": "excited. We're just trading in the"}, {"start": "00:06:01", "end": "00:06:04", "text": "channel, man. And until we stop trading"}, {"start": "00:06:03", "end": "00:06:07", "text": "in the channel, all sort of"}, {"start": "00:06:04", "end": "00:06:09", "text": "proclamations for we are so back or it's"}, {"start": "00:06:07", "end": "00:06:11", "text": "so over don't really mean that much."}, {"start": "00:06:09", "end": "00:06:12", "text": "This is going to be what's going to tell"}, {"start": "00:06:11", "end": "00:06:14", "text": "you really what the big move is going to"}, {"start": "00:06:12", "end": "00:06:16", "text": "be in the market. And here's the deal."}, {"start": "00:06:14", "end": "00:06:19", "text": "If we break to the upside, I think the"}, {"start": "00:06:16", "end": "00:06:22", "text": "case for the bare market rally, for this"}, {"start": "00:06:19", "end": "00:06:23", "text": "is just a bull trap gets a lot harder,"}, {"start": "00:06:22", "end": "00:06:25", "text": "assuming of course we don't have some"}, {"start": "00:06:23", "end": "00:06:27", "text": "terrible recession, depression, Iran,"}, {"start": "00:06:25", "end": "00:06:30", "text": "World War II, everything blows up and we"}, {"start": "00:06:27", "end": "00:06:32", "text": "all die sort of situation than what is"}, {"start": "00:06:30", "end": "00:06:34", "text": "on the table here. Because when we break"}, {"start": "00:06:32", "end": "00:06:37", "text": "out, we break out of the downtrend. We"}, {"start": "00:06:34", "end": "00:06:39", "text": "break the 20week EMA here. So this is"}, {"start": "00:06:37", "end": "00:06:41", "text": "the downtrend line here. This is the"}, {"start": "00:06:39", "end": "00:06:44", "text": "20week EMA, yellow line of the chart."}, {"start": "00:06:41", "end": "00:06:46", "text": "88K is the 50we"}, {"start": "00:06:44", "end": "00:06:48", "text": "EMA."}, {"start": "00:06:46", "end": "00:06:50", "text": "So that would be what you want to need"}, {"start": "00:06:48", "end": "00:06:53", "text": "to see the daily close. We also have a"}, {"start": "00:06:50", "end": "00:06:54", "text": "weekly MACD bullish crossover that is"}, {"start": "00:06:53", "end": "00:06:56", "text": "underway. Now I know what you're"}, {"start": "00:06:54", "end": "00:06:58", "text": "thinking. Well, does all that actually"}, {"start": "00:06:56", "end": "00:07:00", "text": "mean anything, Lark? Well, yes, maybe."}, {"start": "00:06:58", "end": "00:07:02", "text": "Sort of. Kind of. No. Back in 2022, we"}, {"start": "00:07:00", "end": "00:07:03", "text": "had a kind of similar situation here"}, {"start": "00:07:02", "end": "00:07:05", "text": "where we had a localized downtrend"}, {"start": "00:07:03", "end": "00:07:08", "text": "breakout. We got back above the 20 and"}, {"start": "00:07:05", "end": "00:07:10", "text": "50 week for two weeks. We had a MACD"}, {"start": "00:07:08", "end": "00:07:13", "text": "bullish breakout. So, yes, there are"}, {"start": "00:07:10", "end": "00:07:15", "text": "still obviously concerns. I think right"}, {"start": "00:07:13", "end": "00:07:18", "text": "around here is where Teral Luna blew up."}, {"start": "00:07:15", "end": "00:07:21", "text": "Then they had to dump their 80,000 BTC"}, {"start": "00:07:18", "end": "00:07:24", "text": "into an already weak market."}, {"start": "00:07:21", "end": "00:07:26", "text": "So, look, you just have to ask yourself"}, {"start": "00:07:24", "end": "00:07:29", "text": "situation, what actually matters here?"}, {"start": "00:07:26", "end": "00:07:32", "text": "Will we get this breakout? Will it mean"}, {"start": "00:07:29", "end": "00:07:33", "text": "anything? Is the macro backdrop"}, {"start": "00:07:32", "end": "00:07:36", "text": "worsening to an extent that they're"}, {"start": "00:07:33", "end": "00:07:38", "text": "going to have to rate uh raise interest"}, {"start": "00:07:36", "end": "00:07:40", "text": "rates and all that kind of stuff? Or"}, {"start": "00:07:38", "end": "00:07:42", "text": "will we see K Dog Wars get in to the"}, {"start": "00:07:40", "end": "00:07:44", "text": "Fed? He's going to come in, lower"}, {"start": "00:07:42", "end": "00:07:45", "text": "interest rates. American economy is"}, {"start": "00:07:44", "end": "00:07:47", "text": "going to boom like crazy for the next"}, {"start": "00:07:45", "end": "00:07:49", "text": "two or three years. Everything's going"}, {"start": "00:07:47", "end": "00:07:51", "text": "to go up in price. We shall see. Place"}, {"start": "00:07:49", "end": "00:07:53", "text": "your bets, ladies and gentlemen."}, {"start": "00:07:51", "end": "00:07:56", "text": "Currently long on Salana, which is"}, {"start": "00:07:53", "end": "00:07:59", "text": "around $75 unrealized losses. Bitcoin"}, {"start": "00:07:56", "end": "00:08:02", "text": "long has been moved up to uh break even"}, {"start": "00:07:59", "end": "00:08:02", "text": "at $71,100."}, {"start": "00:08:04", "end": "00:08:09", "text": "Take profit on that still at 77K. Got a"}, {"start": "00:08:07", "end": "00:08:13", "text": "Tesla long in here as well. So the"}, {"start": "00:08:09", "end": "00:08:17", "text": "entrance on this is around $353. Stop"}, {"start": "00:08:13", "end": "00:08:20", "text": "loss at 346 and take profit at $380"}, {"start": "00:08:17", "end": "00:08:21", "text": "on that. So if you want to join me"}, {"start": "00:08:20", "end": "00:08:23", "text": "trading over on Bit Unix, there's a link"}, {"start": "00:08:21", "end": "00:08:25", "text": "down below. As you notice, you can also"}, {"start": "00:08:23", "end": "00:08:28", "text": "trade stocks over here. You can trade"}, {"start": "00:08:25", "end": "00:08:30", "text": "metals, silver, gold. You can trade oil,"}, {"start": "00:08:28", "end": "00:08:33", "text": "trade all big stocks, not just Tesla,"}, {"start": "00:08:30", "end": "00:08:35", "text": "Tesla, Microsoft, Meta, Micro Strategy."}, {"start": "00:08:33", "end": "00:08:37", "text": "It's all available for you to trade on"}, {"start": "00:08:35", "end": "00:08:39", "text": "leverage. Go check it out. You can trade"}, {"start": "00:08:37", "end": "00:08:41", "text": "up to uh 10X or something like that. So,"}, {"start": "00:08:39", "end": "00:08:43", "text": "check it out. You get all that available"}, {"start": "00:08:41", "end": "00:08:45", "text": "for you. You can long drip, short the"}, {"start": "00:08:43", "end": "00:08:46", "text": "dips, and of course, when you sign up to"}, {"start": "00:08:45", "end": "00:08:48", "text": "Bit Unix, it's available to everyone"}, {"start": "00:08:46", "end": "00:08:50", "text": "everywhere. That's you. You'll get some"}, {"start": "00:08:48", "end": "00:08:51", "text": "insane deposit bonuses. Put in a,000"}, {"start": "00:08:50", "end": "00:08:53", "text": "bucks, you get back 200, put in 2,000"}, {"start": "00:08:51", "end": "00:08:55", "text": "bucks, you get back $400."}, {"start": "00:08:53", "end": "00:08:58", "text": "These are crazy deals. You have six days"}, {"start": "00:08:55", "end": "00:09:01", "text": "left to claim these bonuses. Link down"}, {"start": "00:08:58", "end": "00:09:03", "text": "below. Go check it out. Okay."}, {"start": "00:09:01", "end": "00:09:04", "text": "Billion uh $300 billion financial"}, {"start": "00:09:03", "end": "00:09:06", "text": "adviser Rick Edelman says, \"If the"}, {"start": "00:09:04", "end": "00:09:07", "text": "Clarity Act passes, the winter's over,"}, {"start": "00:09:06", "end": "00:09:10", "text": "you'll see prices skyrocket. We hit"}, {"start": "00:09:07", "end": "00:09:12", "text": "all-time highs real quick.\" I agree. The"}, {"start": "00:09:10", "end": "00:09:14", "text": "Clarity Act will be an absolutely huge"}, {"start": "00:09:12", "end": "00:09:15", "text": "huge boon for this industry. I think"}, {"start": "00:09:14", "end": "00:09:17", "text": "this is an absolutely good thing that's"}, {"start": "00:09:15", "end": "00:09:19", "text": "going to happen. We got the Genius Act."}, {"start": "00:09:17", "end": "00:09:21", "text": "We're getting the Clarity Act soonish."}, {"start": "00:09:19", "end": "00:09:23", "text": "Kevin Worsh is coming in. And as long as"}, {"start": "00:09:21", "end": "00:09:26", "text": "Trump can rein the Iran thing back in"}, {"start": "00:09:23", "end": "00:09:28", "text": "and try to put the, you know, genie back"}, {"start": "00:09:26", "end": "00:09:32", "text": "in the bottle here,"}, {"start": "00:09:28", "end": "00:09:32", "text": "we're going to be okay."}, {"start": "00:09:33", "end": "00:09:38", "text": "Hopefully."}, {"start": "00:09:35", "end": "00:09:40", "text": "Oh boy. Salana breaking out of this"}, {"start": "00:09:38", "end": "00:09:41", "text": "localized downtrend, which is why I went"}, {"start": "00:09:40", "end": "00:09:42", "text": "long on it. Probably should be more"}, {"start": "00:09:41", "end": "00:09:44", "text": "patient. Probably could have got a"}, {"start": "00:09:42", "end": "00:09:47", "text": "better entry at like 8450 or something"}, {"start": "00:09:44", "end": "00:09:48", "text": "like that, but we'll see. Now, of"}, {"start": "00:09:47", "end": "00:09:50", "text": "course, we have to break out of the"}, {"start": "00:09:48", "end": "00:09:52", "text": "50-day EMA and get up here to this"}, {"start": "00:09:50", "end": "00:09:54", "text": "downtrend line. Downtrend line also"}, {"start": "00:09:52", "end": "00:09:55", "text": "coincides with this right here, which is"}, {"start": "00:09:54", "end": "00:09:56", "text": "where the price peaked out at"}, {"start": "00:09:55", "end": "00:09:58", "text": "previously. This where the downtrend"}, {"start": "00:09:56", "end": "00:10:01", "text": "line is. So, that's why I have my"}, {"start": "00:09:58", "end": "00:10:03", "text": "takerit target for this Salana trade set"}, {"start": "00:10:01", "end": "00:10:06", "text": "at $98. Okay, I want to talk real quick"}, {"start": "00:10:03", "end": "00:10:08", "text": "about some of the big"}, {"start": "00:10:06", "end": "00:10:10", "text": "money makers in crypto. So, Canton's"}, {"start": "00:10:08", "end": "00:10:14", "text": "doing 2.25 million a day in buybacks,"}, {"start": "00:10:10", "end": "00:10:16", "text": "Hyperlquid 2.1, and Pump 1.1. And I feel"}, {"start": "00:10:14", "end": "00:10:17", "text": "like pump is the absolutely most missed"}, {"start": "00:10:16", "end": "00:10:18", "text": "price of these. You can see it's"}, {"start": "00:10:17", "end": "00:10:21", "text": "starting to finally break out of this"}, {"start": "00:10:18", "end": "00:10:24", "text": "absolutely huge downtrend that's been in"}, {"start": "00:10:21", "end": "00:10:27", "text": "since September when it peaked out uh"}, {"start": "00:10:24", "end": "00:10:29", "text": "about 300% higher price."}, {"start": "00:10:27", "end": "00:10:31", "text": "It's still doing a million dollars a day"}, {"start": "00:10:29", "end": "00:10:33", "text": "in buyback every single days. Which"}, {"start": "00:10:31", "end": "00:10:35", "text": "means that every 10 days, let's say"}, {"start": "00:10:33", "end": "00:10:39", "text": "every seven or eight days approximately,"}, {"start": "00:10:35", "end": "00:10:41", "text": "they are deleting 1% of the supply."}, {"start": "00:10:39", "end": "00:10:44", "text": "That's crazy, man."}, {"start": "00:10:41", "end": "00:10:47", "text": "That's crazy. These are huge numbers."}, {"start": "00:10:44", "end": "00:10:50", "text": "What's crazy also is that Pump has about"}, {"start": "00:10:47", "end": "00:10:52", "text": "a billion dollar market cap. Hyperlid's"}, {"start": "00:10:50", "end": "00:10:54", "text": "about 11 billion."}, {"start": "00:10:52", "end": "00:10:56", "text": "So if you look, Hyperliquid's doing"}, {"start": "00:10:54", "end": "00:10:59", "text": "twice as much"}, {"start": "00:10:56", "end": "00:11:02", "text": "daily uh buyback. So it's 2.1 million"}, {"start": "00:10:59", "end": "00:11:04", "text": "versus 1.1 million approximately. But"}, {"start": "00:11:02", "end": "00:11:06", "text": "does that mean it should be worth 10x"}, {"start": "00:11:04", "end": "00:11:08", "text": "more?"}, {"start": "00:11:06", "end": "00:11:11", "text": "I know Hyperliquid's cool, don't get me"}, {"start": "00:11:08", "end": "00:11:13", "text": "wrong. Don't get me wrong. Great. But is"}, {"start": "00:11:11", "end": "00:11:15", "text": "it really worth 10x more? Or is pump"}, {"start": "00:11:13", "end": "00:11:17", "text": "undervalued in this situation? I know"}, {"start": "00:11:15", "end": "00:11:19", "text": "the hyperlquid team's more goated. The"}, {"start": "00:11:17", "end": "00:11:21", "text": "pump team,"}, {"start": "00:11:19", "end": "00:11:25", "text": "you know, they're those guys, aren't"}, {"start": "00:11:21", "end": "00:11:27", "text": "they? Anyway, the pump team."}, {"start": "00:11:25", "end": "00:11:28", "text": "Hey, also shout out to Canton here"}, {"start": "00:11:27", "end": "00:11:29", "text": "because it's also broken out of"}, {"start": "00:11:28", "end": "00:11:33", "text": "localized downtrend, retaking the key"}, {"start": "00:11:29", "end": "00:11:34", "text": "EMAs and doing crazy crazy uh buyback"}, {"start": "00:11:33", "end": "00:11:36", "text": "burns every single day. In fact, it's"}, {"start": "00:11:34", "end": "00:11:39", "text": "got more revenue than Hyperlid and is"}, {"start": "00:11:36", "end": "00:11:41", "text": "priced about half of what Hyperliquid is"}, {"start": "00:11:39", "end": "00:11:43", "text": "priced at by market cap. It's about a $6"}, {"start": "00:11:41", "end": "00:11:46", "text": "billion market cap coin, whereas"}, {"start": "00:11:43", "end": "00:11:49", "text": "Hyperliquid's 11 billion market cap. And"}, {"start": "00:11:46", "end": "00:11:50", "text": "that's FDV, by the way. This is about 6"}, {"start": "00:11:49", "end": "00:11:53", "text": "billion FDV and circulating because all"}, {"start": "00:11:50", "end": "00:11:56", "text": "the coins are out. Whereas Hyperliquid's"}, {"start": "00:11:53", "end": "00:11:59", "text": "10 billion circulating or 11 billion"}, {"start": "00:11:56", "end": "00:12:01", "text": "circulating and about 42 43 billion"}, {"start": "00:11:59", "end": "00:12:04", "text": "fully diluted values only quarter the"}, {"start": "00:12:01", "end": "00:12:05", "text": "coins are out in market. So, it's"}, {"start": "00:12:04", "end": "00:12:06", "text": "interesting how things are being priced"}, {"start": "00:12:05", "end": "00:12:08", "text": "in the market and I feel like there's"}, {"start": "00:12:06", "end": "00:12:11", "text": "some opportunity. By the way, of course,"}, {"start": "00:12:08", "end": "00:12:12", "text": "I have pump bags obviously for a reason"}, {"start": "00:12:11", "end": "00:12:14", "text": "because I think it's underpriced"}, {"start": "00:12:12", "end": "00:12:16", "text": "currently. Kip Harriage says within 30"}, {"start": "00:12:14", "end": "00:12:19", "text": "days, majority will view that the war"}, {"start": "00:12:16", "end": "00:12:21", "text": "served as a bull market reset. Still see"}, {"start": "00:12:19", "end": "00:12:23", "text": "70% odds of a meltup move higher into"}, {"start": "00:12:21", "end": "00:12:25", "text": "the end of the year. My man, let's go."}, {"start": "00:12:23", "end": "00:12:27", "text": "S&P futures slightly in the green, not"}, {"start": "00:12:25", "end": "00:12:29", "text": "drastically though, up to 6933,"}, {"start": "00:12:27", "end": "00:12:31", "text": "which will put us right up around here"}, {"start": "00:12:29", "end": "00:12:33", "text": "for the open at 0.72% open from"}, {"start": "00:12:31", "end": "00:12:36", "text": "yesterday's"}, {"start": "00:12:33", "end": "00:12:38", "text": "big move up. This is the I mean, you"}, {"start": "00:12:36", "end": "00:12:40", "text": "want to talk about V-shaped recoveries."}, {"start": "00:12:38", "end": "00:12:42", "text": "That is absolutely bonkers. We are now"}, {"start": "00:12:40", "end": "00:12:45", "text": "only"}, {"start": "00:12:42", "end": "00:12:47", "text": "1.6% away from new alltime highs for the"}, {"start": "00:12:45", "end": "00:12:49", "text": "stock market. And if we open up as today"}, {"start": "00:12:47", "end": "00:12:51", "text": "is seeming to open up at, we are then"}, {"start": "00:12:49", "end": "00:12:56", "text": "only 1% away from a new all-time high"}, {"start": "00:12:51", "end": "00:12:57", "text": "for the S&P 500. What is going on? Muse"}, {"start": "00:12:56", "end": "00:12:59", "text": "posted this for the first time in almost"}, {"start": "00:12:57", "end": "00:13:01", "text": "a decade. USDC just flipped USDT and"}, {"start": "00:12:59", "end": "00:13:02", "text": "transaction volume. 64% of all stable"}, {"start": "00:13:01", "end": "00:13:04", "text": "coin tech activity. Institutions have"}, {"start": "00:13:02", "end": "00:13:08", "text": "already picked their side. They're now"}, {"start": "00:13:04", "end": "00:13:10", "text": "building on USDC rails. Interesting"}, {"start": "00:13:08", "end": "00:13:11", "text": "circles down here around 100 bucks"}, {"start": "00:13:10", "end": "00:13:12", "text": "still. We've had some interesting"}, {"start": "00:13:11", "end": "00:13:15", "text": "opportunities to pick this up here in"}, {"start": "00:13:12", "end": "00:13:16", "text": "the sort of $80 to $90 range which I"}, {"start": "00:13:15", "end": "00:13:18", "text": "flagged for you guys when the price was"}, {"start": "00:13:16", "end": "00:13:20", "text": "up here by the way and everyone went to"}, {"start": "00:13:18", "end": "00:13:22", "text": "[�__�] buy it and said hey look this is"}, {"start": "00:13:20", "end": "00:13:24", "text": "the area this is the area to watch out"}, {"start": "00:13:22", "end": "00:13:27", "text": "for watch for the retest in this zone"}, {"start": "00:13:24", "end": "00:13:31", "text": "that's the space"}, {"start": "00:13:27", "end": "00:13:33", "text": "and what happened there you go anyway"}, {"start": "00:13:31", "end": "00:13:34", "text": "circle is still the absolute best way to"}, {"start": "00:13:33", "end": "00:13:37", "text": "get stable coin exposure because there's"}, {"start": "00:13:34", "end": "00:13:39", "text": "really nothing in crypto token land"}, {"start": "00:13:37", "end": "00:13:41", "text": "that's going to give you actual legit"}, {"start": "00:13:39", "end": "00:13:43", "text": "good exposure exposure to stable coins."}, {"start": "00:13:41", "end": "00:13:45", "text": "Not at least not in the way this uh"}, {"start": "00:13:43", "end": "00:13:46", "text": "circle does. I know there's some"}, {"start": "00:13:45", "end": "00:13:48", "text": "legitimate projects out there. They're"}, {"start": "00:13:46", "end": "00:13:51", "text": "doing some fine stuff. You know, you've"}, {"start": "00:13:48", "end": "00:13:54", "text": "got stable, you've got Athena. Sure,"}, {"start": "00:13:51", "end": "00:13:58", "text": "fine. I get it. But nothing's like"}, {"start": "00:13:54", "end": "00:13:59", "text": "circle, man. Not even close. This is"}, {"start": "00:13:58", "end": "00:14:02", "text": "this is the way to get exposure to"}, {"start": "00:13:59", "end": "00:14:04", "text": "stable coins. Oracles. Oh, man. Look at"}, {"start": "00:14:02", "end": "00:14:05", "text": "pre-markets. 162. Oracle starting to"}, {"start": "00:14:04", "end": "00:14:07", "text": "move, trying to break out of this huge"}, {"start": "00:14:05", "end": "00:14:08", "text": "accumulation that we had down here right"}, {"start": "00:14:07", "end": "00:14:12", "text": "around the 200 week. What did Charlie"}, {"start": "00:14:08", "end": "00:14:14", "text": "Mer say? said, \"Buy the 200E dog.\""}, {"start": "00:14:12", "end": "00:14:15", "text": "Paraphrasing, I'm pretty sure. I'm not"}, {"start": "00:14:14", "end": "00:14:18", "text": "sure you added the dog part on there,"}, {"start": "00:14:15", "end": "00:14:19", "text": "but you know what I'm saying. Here we"}, {"start": "00:14:18", "end": "00:14:22", "text": "go. This thing spent a few months"}, {"start": "00:14:19", "end": "00:14:24", "text": "sitting down here at the 200E EMA"}, {"start": "00:14:22", "end": "00:14:25", "text": "starting to move finally. Now, it"}, {"start": "00:14:24", "end": "00:14:27", "text": "doesn't mean that it's broken out. We"}, {"start": "00:14:25", "end": "00:14:29", "text": "could still see this just be another top"}, {"start": "00:14:27", "end": "00:14:30", "text": "of the range move and more consolidation"}, {"start": "00:14:29", "end": "00:14:32", "text": "happen. Let's see if it actually takes"}, {"start": "00:14:30", "end": "00:14:34", "text": "out the 20week, which is around uh 170."}, {"start": "00:14:32", "end": "00:14:36", "text": "So, we get a weekly close of $170. That"}, {"start": "00:14:34", "end": "00:14:39", "text": "could actually indicate a momentum shift"}, {"start": "00:14:36", "end": "00:14:42", "text": "coming back in here for Oracle. AMD"}, {"start": "00:14:39", "end": "00:14:45", "text": "pushing up for a triple top. Could we do"}, {"start": "00:14:42", "end": "00:14:45", "text": "it?"}, {"start": "00:14:45", "end": "00:14:51", "text": "Watching, waiting. Gosh darn it. This"}, {"start": "00:14:47", "end": "00:14:53", "text": "thing's been crazy. But this 265 zone"}, {"start": "00:14:51", "end": "00:14:56", "text": "has been a very, very strong rejection"}, {"start": "00:14:53", "end": "00:14:59", "text": "area for AMD two times before and we're"}, {"start": "00:14:56", "end": "00:15:00", "text": "getting very close to it. Trading at 248"}, {"start": "00:14:59", "end": "00:15:04", "text": "pre-markets right now. So, if we get up"}, {"start": "00:15:00", "end": "00:15:06", "text": "to 265, watch for a rejection there,"}, {"start": "00:15:04", "end": "00:15:09", "text": "right back down to potentially the 200"}, {"start": "00:15:06", "end": "00:15:10", "text": "day again or even the lower end of this"}, {"start": "00:15:09", "end": "00:15:12", "text": "support line here. But if you get the"}, {"start": "00:15:10", "end": "00:15:14", "text": "breakout above 265, there's actually a"}, {"start": "00:15:12", "end": "00:15:16", "text": "pretty big implied move here because"}, {"start": "00:15:14", "end": "00:15:19", "text": "essentially that's going to be about a"}, {"start": "00:15:16", "end": "00:15:21", "text": "let's say a $70 breakout approximately."}, {"start": "00:15:19", "end": "00:15:23", "text": "So 190 to 260. Yeah, about a $70"}, {"start": "00:15:21", "end": "00:15:27", "text": "breakout. So that would then imply a"}, {"start": "00:15:23", "end": "00:15:29", "text": "potential move up to around $330 for the"}, {"start": "00:15:27", "end": "00:15:31", "text": "stock."}, {"start": "00:15:29", "end": "00:15:34", "text": "Very interesting Tesla. The reason I'm"}, {"start": "00:15:31", "end": "00:15:36", "text": "long on Tesla currently is we've had"}, {"start": "00:15:34", "end": "00:15:38", "text": "this insane selloff for weeks and weeks"}, {"start": "00:15:36", "end": "00:15:41", "text": "on end and we've just bounced off of the"}, {"start": "00:15:38", "end": "00:15:44", "text": "trend line for this ascending triangle"}, {"start": "00:15:41", "end": "00:15:50", "text": "pattern here right here. Second touch on"}, {"start": "00:15:44", "end": "00:15:53", "text": "it. So simple simple trade here is a"}, {"start": "00:15:50", "end": "00:15:55", "text": "bounce back up to the 50we EMA. That's"}, {"start": "00:15:53", "end": "00:15:56", "text": "about $380."}, {"start": "00:15:55", "end": "00:15:58", "text": "Not going to try to get greedy on this"}, {"start": "00:15:56", "end": "00:16:01", "text": "one. Stop loss is set just below this"}, {"start": "00:15:58", "end": "00:16:05", "text": "trend line right here. Take profits set"}, {"start": "00:16:01", "end": "00:16:07", "text": "right at the 50we EMA. If we break above"}, {"start": "00:16:05", "end": "00:16:08", "text": "that, fine. We can always recalibrate"}, {"start": "00:16:07", "end": "00:16:10", "text": "later, look for a new trade, but I'm not"}, {"start": "00:16:08", "end": "00:16:11", "text": "going to try to hold it too long. By the"}, {"start": "00:16:10", "end": "00:16:12", "text": "way, if you're not in the air circle"}, {"start": "00:16:11", "end": "00:16:14", "text": "yet, you should absolutely get in the"}, {"start": "00:16:12", "end": "00:16:16", "text": "air circle. It's [�__�] awesome. No,"}, {"start": "00:16:14", "end": "00:16:17", "text": "really, it's it's an incredible group."}, {"start": "00:16:16", "end": "00:16:18", "text": "We spent a lot of time and energy"}, {"start": "00:16:17", "end": "00:16:20", "text": "building this for you. And I know you've"}, {"start": "00:16:18", "end": "00:16:21", "text": "been in other discords before and"}, {"start": "00:16:20", "end": "00:16:22", "text": "they've probably sucked because you're"}, {"start": "00:16:21", "end": "00:16:23", "text": "not really getting support. You don't"}, {"start": "00:16:22", "end": "00:16:26", "text": "have a team there to support you. You"}, {"start": "00:16:23", "end": "00:16:28", "text": "don't have AI tools that you need. Our"}, {"start": "00:16:26", "end": "00:16:30", "text": "team is there round the clock there to"}, {"start": "00:16:28", "end": "00:16:32", "text": "support you, answer questions, help you"}, {"start": "00:16:30", "end": "00:16:34", "text": "understand our AI tools. We've got an"}, {"start": "00:16:32", "end": "00:16:37", "text": "in-house trading team giving long and"}, {"start": "00:16:34", "end": "00:16:40", "text": "short positions for crypto, metals,"}, {"start": "00:16:37", "end": "00:16:42", "text": "stocks, all that kind of stuff. Plus,"}, {"start": "00:16:40", "end": "00:16:44", "text": "you're going to get our trading course"}, {"start": "00:16:42", "end": "00:16:46", "text": "and much, much more"}, {"start": "00:16:44", "end": "00:16:47", "text": "AMA every other week where you can come"}, {"start": "00:16:46", "end": "00:16:49", "text": "and ask questions about whatever you"}, {"start": "00:16:47", "end": "00:16:50", "text": "want, of course. And just more and more"}, {"start": "00:16:49", "end": "00:16:51", "text": "and more. There's so much value. It's"}, {"start": "00:16:50", "end": "00:16:52", "text": "insane. I have no idea how we're giving"}, {"start": "00:16:51", "end": "00:16:53", "text": "this thing away. 50 bucks. That's really"}, {"start": "00:16:52", "end": "00:16:55", "text": "just bare market pricing. is totally"}, {"start": "00:16:53", "end": "00:16:57", "text": "going up to 100 bucks when the bull"}, {"start": "00:16:55", "end": "00:16:59", "text": "market gets back on because the value"}, {"start": "00:16:57", "end": "00:17:01", "text": "we're giving here is definitely worth"}, {"start": "00:16:59", "end": "00:17:03", "text": "that kind of money. Plus, you'll get a"}, {"start": "00:17:01", "end": "00:17:06", "text": "7-day free trial and grandfather"}, {"start": "00:17:03", "end": "00:17:08", "text": "yourself into the $50 month price point"}, {"start": "00:17:06", "end": "00:17:11", "text": "signing up using that link down below."}, {"start": "00:17:08", "end": "00:17:13", "text": "Check it out. Try the 7-day free trial."}, {"start": "00:17:11", "end": "00:17:14", "text": "See what you're missing. See if the"}, {"start": "00:17:13", "end": "00:17:17", "text": "tools are useful for you. See if the"}, {"start": "00:17:14", "end": "00:17:19", "text": "community is a fit for you."}, {"start": "00:17:17", "end": "00:17:23", "text": "We'll see you in there. Thanks. We'll"}, {"start": "00:17:19", "end": "00:17:23", "text": "see you back in the next one. Bye."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hello"}, {"start": "00:00:03", "end": "00:00:10", "text": "everybody."}, {"start": "00:00:05", "end": "00:00:14", "text": "Welcome back for another gosh darn"}, {"start": "00:00:10", "end": "00:00:16", "text": "video. Hope you're all doing well. Hope"}, {"start": "00:00:14", "end": "00:00:21", "text": "you're all remembering to invest. Hope"}, {"start": "00:00:16", "end": "00:00:24", "text": "you're all remembering to save your"}, {"start": "00:00:21", "end": "00:00:27", "text": "money. It's very important"}, {"start": "00:00:24", "end": "00:00:30", "text": "now more than ever"}, {"start": "00:00:27", "end": "00:00:34", "text": "as we continue to have an extended"}, {"start": "00:00:30", "end": "00:00:38", "text": "period of uncertainty"}, {"start": "00:00:34", "end": "00:00:41", "text": "across all world markets."}, {"start": "00:00:38", "end": "00:00:45", "text": "Don't forget to follow me on Facebook."}, {"start": "00:00:41", "end": "00:00:48", "text": "There's a link in the description below"}, {"start": "00:00:45", "end": "00:00:52", "text": "the video."}, {"start": "00:00:48", "end": "00:00:57", "text": "And without any further ado, let's jump"}, {"start": "00:00:52", "end": "00:01:01", "text": "right into it. I'm going to call it good"}, {"start": "00:00:57", "end": "00:01:04", "text": "news. That's what I'm going to uh say."}, {"start": "00:01:01", "end": "00:01:08", "text": "The good news in the cryptocurrency"}, {"start": "00:01:04", "end": "00:01:11", "text": "market doesn't ever seem to really slow"}, {"start": "00:01:08", "end": "00:01:15", "text": "down, if you will."}, {"start": "00:01:11", "end": "00:01:19", "text": "The last three weeks, there's been an"}, {"start": "00:01:15", "end": "00:01:22", "text": "uptick in how good all that news has"}, {"start": "00:01:19", "end": "00:01:25", "text": "actually been. We've been hearing about"}, {"start": "00:01:22", "end": "00:01:29", "text": "crypto market rebounds. There's been a"}, {"start": "00:01:25", "end": "00:01:31", "text": "lot of news as of late about prices"}, {"start": "00:01:29", "end": "00:01:36", "text": "going higher, especially as we move"}, {"start": "00:01:31", "end": "00:01:38", "text": "further into 2026. It it it feels like"}, {"start": "00:01:36", "end": "00:01:41", "text": "this year has"}, {"start": "00:01:38", "end": "00:01:42", "text": "ended like three times. it the the"}, {"start": "00:01:41", "end": "00:01:46", "text": "amount of stuff that's happened over the"}, {"start": "00:01:42", "end": "00:01:48", "text": "course of this year already."}, {"start": "00:01:46", "end": "00:01:51", "text": "It feels like we're like mid 2028 at"}, {"start": "00:01:48", "end": "00:01:53", "text": "this point. That sounds like a joke. No,"}, {"start": "00:01:51", "end": "00:01:58", "text": "this has been a lot this year so far"}, {"start": "00:01:53", "end": "00:02:00", "text": "already. Um, on top of that, no matter"}, {"start": "00:01:58", "end": "00:02:04", "text": "where cryptocurrency prices are, we have"}, {"start": "00:02:00", "end": "00:02:07", "text": "gotten a slew of news regarding"}, {"start": "00:02:04", "end": "00:02:10", "text": "institutions still buying directly for"}, {"start": "00:02:07", "end": "00:02:14", "text": "their companies. micro strategy is not"}, {"start": "00:02:10", "end": "00:02:16", "text": "far off from 1 million. Bitcoin, the"}, {"start": "00:02:14", "end": "00:02:19", "text": "Black Rockck, the JP Morgan, the"}, {"start": "00:02:16", "end": "00:02:21", "text": "Fidelities, the Bank of America price"}, {"start": "00:02:19", "end": "00:02:24", "text": "predictions have been absolutely"}, {"start": "00:02:21", "end": "00:02:26", "text": "staggering. Everyone's expecting a much"}, {"start": "00:02:24", "end": "00:02:29", "text": "higher price for Bitcoin and"}, {"start": "00:02:26", "end": "00:02:32", "text": "subsequently as well, the altcoin"}, {"start": "00:02:29", "end": "00:02:35", "text": "market. This would"}, {"start": "00:02:32", "end": "00:02:38", "text": "be led by Ethereum if we end up getting"}, {"start": "00:02:35", "end": "00:02:40", "text": "a lot of those prices. No matter, I'm"}, {"start": "00:02:38", "end": "00:02:43", "text": "telling you, no matter what happens,"}, {"start": "00:02:40", "end": "00:02:46", "text": "there's always some kind of news out"}, {"start": "00:02:43", "end": "00:02:52", "text": "there that things are going to be better"}, {"start": "00:02:46", "end": "00:02:54", "text": "than ever in the very, very near future."}, {"start": "00:02:52", "end": "00:02:57", "text": "As you might have imagined, this was"}, {"start": "00:02:54", "end": "00:03:00", "text": "incredibly popular news. It's normally"}, {"start": "00:02:57", "end": "00:03:02", "text": "how we uh start the show with the most"}, {"start": "00:03:00", "end": "00:03:05", "text": "popular news that's floating around out"}, {"start": "00:03:02", "end": "00:03:08", "text": "there. We have had I I've seen an uptick"}, {"start": "00:03:05", "end": "00:03:10", "text": "which I'm actually a little okay, you"}, {"start": "00:03:08", "end": "00:03:13", "text": "know, looking to see what's happening."}, {"start": "00:03:10", "end": "00:03:15", "text": "There's been an uptick in uh news about"}, {"start": "00:03:13", "end": "00:03:19", "text": "altcoins and I've seen people online"}, {"start": "00:03:15", "end": "00:03:22", "text": "discussing accumulating altcoins more."}, {"start": "00:03:19", "end": "00:03:26", "text": "There seems to be like a a light"}, {"start": "00:03:22", "end": "00:03:28", "text": "resurgence in popularity of crypto. I"}, {"start": "00:03:26", "end": "00:03:33", "text": "don't know if everyone's receiving the"}, {"start": "00:03:28", "end": "00:03:35", "text": "exact same news in that uh we here have"}, {"start": "00:03:33", "end": "00:03:38", "text": "been getting news from a number of"}, {"start": "00:03:35", "end": "00:03:41", "text": "people uh on television shows on news"}, {"start": "00:03:38", "end": "00:03:43", "text": "writing news articles about rebounds in"}, {"start": "00:03:41", "end": "00:03:45", "text": "price how retail investors are"}, {"start": "00:03:43", "end": "00:03:48", "text": "re-entering the market. There's like"}, {"start": "00:03:45", "end": "00:03:51", "text": "this weird"}, {"start": "00:03:48", "end": "00:03:54", "text": "kind of thing going on around Bitcoin"}, {"start": "00:03:51", "end": "00:03:57", "text": "again being digital gold and how amazing"}, {"start": "00:03:54", "end": "00:03:59", "text": "and successful it's going to be. You You"}, {"start": "00:03:57", "end": "00:04:01", "text": "understand? It's just kind of like being"}, {"start": "00:03:59", "end": "00:04:05", "text": "pushed into our face over and over."}, {"start": "00:04:01", "end": "00:04:07", "text": "We're hearing about how"}, {"start": "00:04:05", "end": "00:04:11", "text": "prosperous"}, {"start": "00:04:07", "end": "00:04:15", "text": "this market is going to be."}, {"start": "00:04:11", "end": "00:04:18", "text": "It says Bitcoin has spent months trading"}, {"start": "00:04:15", "end": "00:04:21", "text": "in an extended correction and most of"}, {"start": "00:04:18", "end": "00:04:25", "text": "the altcoin market has fallen quietly"}, {"start": "00:04:21", "end": "00:04:27", "text": "alongside it. But one crypto analyst is"}, {"start": "00:04:25", "end": "00:04:31", "text": "not reading the current price action as"}, {"start": "00:04:27", "end": "00:04:34", "text": "a reason to exit. And I say this in the"}, {"start": "00:04:31", "end": "00:04:40", "text": "nicest way possible."}, {"start": "00:04:34", "end": "00:04:44", "text": "uh the usually prices of all assets tend"}, {"start": "00:04:40", "end": "00:04:47", "text": "to rebound. It is not always a a"}, {"start": "00:04:44", "end": "00:04:49", "text": "certainty, but if you've been in the"}, {"start": "00:04:47", "end": "00:04:52", "text": "crypto market for a while, you know that"}, {"start": "00:04:49", "end": "00:04:55", "text": "we have periods where prices fall."}, {"start": "00:04:52", "end": "00:04:59", "text": "There's a time usually called a bare"}, {"start": "00:04:55", "end": "00:05:01", "text": "market. And when prices go down, the"}, {"start": "00:04:59", "end": "00:05:05", "text": "people who historically stay in the"}, {"start": "00:05:01", "end": "00:05:08", "text": "market, they accumulate more, prices go"}, {"start": "00:05:05", "end": "00:05:10", "text": "back up. These people end up standing at"}, {"start": "00:05:08", "end": "00:05:12", "text": "the top of the mountain and they can say"}, {"start": "00:05:10", "end": "00:05:14", "text": "how they made hundreds of thousands and"}, {"start": "00:05:12", "end": "00:05:16", "text": "millions."}, {"start": "00:05:14", "end": "00:05:20", "text": "But that doesn't seem to translate to a"}, {"start": "00:05:16", "end": "00:05:22", "text": "lot of newer people who are investing"}, {"start": "00:05:20", "end": "00:05:25", "text": "for the first time. Prices fall down,"}, {"start": "00:05:22", "end": "00:05:28", "text": "they get absolutely terrified."}, {"start": "00:05:25", "end": "00:05:31", "text": "Even if we were talking recently as"}, {"start": "00:05:28", "end": "00:05:34", "text": "well, there's this thing in crypto."}, {"start": "00:05:31", "end": "00:05:37", "text": "If Bitcoin fell down to 20,000, there"}, {"start": "00:05:34", "end": "00:05:40", "text": "would be a rallying cry on Twitter of"}, {"start": "00:05:37", "end": "00:05:43", "text": "people who were like, \"It's on sale. I'm"}, {"start": "00:05:40", "end": "00:05:46", "text": "going to buy more.\" Historically,"}, {"start": "00:05:43", "end": "00:05:50", "text": "even after like the dotcom bubble crash,"}, {"start": "00:05:46", "end": "00:05:53", "text": "after the 2008 2019 crisis, after"}, {"start": "00:05:50", "end": "00:05:56", "text": "valuations of many assets in 2017 and"}, {"start": "00:05:53", "end": "00:05:58", "text": "2018 began to fall,"}, {"start": "00:05:56", "end": "00:06:01", "text": "the people who accumulated,"}, {"start": "00:05:58", "end": "00:06:04", "text": "they made out like bandits. That's what"}, {"start": "00:06:01", "end": "00:06:07", "text": "I'm going to say. According to a crypto"}, {"start": "00:06:04", "end": "00:06:09", "text": "pundant on Twitter,"}, {"start": "00:06:07", "end": "00:06:13", "text": "the next six"}, {"start": "00:06:09", "end": "00:06:16", "text": "to 10 months will become one of the most"}, {"start": "00:06:13", "end": "00:06:19", "text": "significant wealth creation windows in"}, {"start": "00:06:16", "end": "00:06:21", "text": "crypto history."}, {"start": "00:06:19", "end": "00:06:23", "text": "All that just needs to happen is for"}, {"start": "00:06:21", "end": "00:06:27", "text": "Bitcoin's price to break its all-time"}, {"start": "00:06:23", "end": "00:06:29", "text": "high. Everything else will follow"}, {"start": "00:06:27", "end": "00:06:31", "text": "automatically."}, {"start": "00:06:29", "end": "00:06:34", "text": "We have heard"}, {"start": "00:06:31", "end": "00:06:38", "text": "whether it be from AI, whether it be"}, {"start": "00:06:34", "end": "00:06:40", "text": "from analysts at JP Morgan or Fidelity,"}, {"start": "00:06:38", "end": "00:06:44", "text": "there is"}, {"start": "00:06:40", "end": "00:06:48", "text": "something in the air where everyone"}, {"start": "00:06:44", "end": "00:06:51", "text": "believes and has conviction of and their"}, {"start": "00:06:48", "end": "00:06:53", "text": "charts are showing that by the end of if"}, {"start": "00:06:51", "end": "00:06:58", "text": "you haven't been here, this has been the"}, {"start": "00:06:53", "end": "00:07:01", "text": "constant theme of since February."}, {"start": "00:06:58", "end": "00:07:02", "text": "We have had nonstop"}, {"start": "00:07:01", "end": "00:07:04", "text": "news"}, {"start": "00:07:02", "end": "00:07:06", "text": "and even more so you would assume it's"}, {"start": "00:07:04", "end": "00:07:08", "text": "from like random people who you've never"}, {"start": "00:07:06", "end": "00:07:11", "text": "heard from. No, no, no. It's been these"}, {"start": "00:07:08", "end": "00:07:14", "text": "like gargantuan companies who are like"}, {"start": "00:07:11", "end": "00:07:18", "text": "our charts are showing by the end of the"}, {"start": "00:07:14", "end": "00:07:23", "text": "year Bitcoin's at 280,000."}, {"start": "00:07:18", "end": "00:07:26", "text": "Ethereum's at 10 to 15,000. XRP is over"}, {"start": "00:07:23", "end": "00:07:30", "text": "10. I think"}, {"start": "00:07:26", "end": "00:07:32", "text": "a large part of this does have to do"}, {"start": "00:07:30", "end": "00:07:35", "text": "with the Clarity Act. If you've missed"}, {"start": "00:07:32", "end": "00:07:37", "text": "out on that at all, this bill that"}, {"start": "00:07:35", "end": "00:07:41", "text": "they're trying to pass in the United"}, {"start": "00:07:37", "end": "00:07:44", "text": "States is meant to be the core"}, {"start": "00:07:41", "end": "00:07:45", "text": "foundation of prices rising. And once"}, {"start": "00:07:44", "end": "00:07:48", "text": "again, I stated before, I don't know"}, {"start": "00:07:45", "end": "00:07:50", "text": "exactly what's in the Clarity Act. If"}, {"start": "00:07:48", "end": "00:07:53", "text": "you've never seen a US bill before, like"}, {"start": "00:07:50", "end": "00:07:55", "text": "a a law that's trying to be passed, you"}, {"start": "00:07:53", "end": "00:07:58", "text": "would assume it's a page,"}, {"start": "00:07:55", "end": "00:08:00", "text": "maybe 12 pages long, so you can like"}, {"start": "00:07:58", "end": "00:08:04", "text": "flip through it. No, these things are"}, {"start": "00:08:00", "end": "00:08:06", "text": "always hundreds of pages long, and"}, {"start": "00:08:04", "end": "00:08:10", "text": "they're filled with a thousand different"}, {"start": "00:08:06", "end": "00:08:13", "text": "things inside of these actual bills. So,"}, {"start": "00:08:10", "end": "00:08:16", "text": "we've heard that within the next few"}, {"start": "00:08:13", "end": "00:08:19", "text": "months, Bitcoin is expected to break"}, {"start": "00:08:16", "end": "00:08:24", "text": "above 125,000. Again, the numbers that"}, {"start": "00:08:19", "end": "00:08:29", "text": "we've been hearing have been 80, 85, and"}, {"start": "00:08:24", "end": "00:08:33", "text": "100 as like the jump off points to"}, {"start": "00:08:29", "end": "00:08:36", "text": "revalidate this uh bullish"}, {"start": "00:08:33", "end": "00:08:40", "text": "uh not cycle uh whatever bullish"}, {"start": "00:08:36", "end": "00:08:42", "text": "momentum within the actual market. We do"}, {"start": "00:08:40", "end": "00:08:46", "text": "need"}, {"start": "00:08:42", "end": "00:08:47", "text": "world events to slow down or stop"}, {"start": "00:08:46", "end": "00:08:50", "text": "altogether."}, {"start": "00:08:47", "end": "00:08:52", "text": "to give markets a chance to actually"}, {"start": "00:08:50", "end": "00:08:55", "text": "recover."}, {"start": "00:08:52", "end": "00:08:57", "text": "The total cryptocurrency market cap,"}, {"start": "00:08:55", "end": "00:09:00", "text": "which is currently around 2.5 trillion,"}, {"start": "00:08:57", "end": "00:09:04", "text": "that's insane, is projected in this"}, {"start": "00:09:00", "end": "00:09:08", "text": "scenario, to undergo a 3 to fourfold"}, {"start": "00:09:04", "end": "00:09:10", "text": "expansion from current levels. This"}, {"start": "00:09:08", "end": "00:09:13", "text": "scenario would see the entire crypto"}, {"start": "00:09:10", "end": "00:09:18", "text": "market cap reaching anywhere between 8"}, {"start": "00:09:13", "end": "00:09:21", "text": "trillion to 10 trillion US. Let me"}, {"start": "00:09:18", "end": "00:09:25", "text": "reiterate that this is what every single"}, {"start": "00:09:21", "end": "00:09:28", "text": "company has said and that's the actual"}, {"start": "00:09:25", "end": "00:09:31", "text": "market cap. That's not the what do you"}, {"start": "00:09:28", "end": "00:09:35", "text": "call it? What's the word? Oh gosh."}, {"start": "00:09:31", "end": "00:09:37", "text": "that's not the um like total value"}, {"start": "00:09:35", "end": "00:09:41", "text": "locked or or these other things that we"}, {"start": "00:09:37", "end": "00:09:43", "text": "keep seeing regarding um tokenization"}, {"start": "00:09:41", "end": "00:09:44", "text": "and stuff because we've also heard that"}, {"start": "00:09:43", "end": "00:09:47", "text": "there will be trillions of dollars"}, {"start": "00:09:44", "end": "00:09:50", "text": "entering the the the tokenization market"}, {"start": "00:09:47", "end": "00:09:52", "text": "and aspect and stuff like that. But"}, {"start": "00:09:50", "end": "00:09:55", "text": "everyone is convinced. I told you before"}, {"start": "00:09:52", "end": "00:09:57", "text": "and this wasn't a joke. I'm gonna be"}, {"start": "00:09:55", "end": "00:10:00", "text": "very disappointed"}, {"start": "00:09:57", "end": "00:10:04", "text": "if we get to Christmas"}, {"start": "00:10:00", "end": "00:10:08", "text": "and Bitcoin's not at least 220,000."}, {"start": "00:10:04", "end": "00:10:11", "text": "The echoes have been crazy. They're all"}, {"start": "00:10:08", "end": "00:10:13", "text": "saying the exact same thing, and I can't"}, {"start": "00:10:11", "end": "00:10:15", "text": "imagine why."}, {"start": "00:10:13", "end": "00:10:18", "text": "The chart accompanying the analysis"}, {"start": "00:10:15", "end": "00:10:21", "text": "highlights a direct comparison between"}, {"start": "00:10:18", "end": "00:10:25", "text": "Bitcoin's 2012 cycle and the current"}, {"start": "00:10:21", "end": "00:10:27", "text": "structure heading into the rest of 2026."}, {"start": "00:10:25", "end": "00:10:31", "text": "Just like the 2012 cycle, the current"}, {"start": "00:10:27", "end": "00:10:34", "text": "price action shows a sharp rally in and"}, {"start": "00:10:31", "end": "00:10:37", "text": "an early peak in October 2025 followed"}, {"start": "00:10:34", "end": "00:10:38", "text": "by a corrective phase characterized by a"}, {"start": "00:10:37", "end": "00:10:41", "text": "rebound in January that looks like a"}, {"start": "00:10:38", "end": "00:10:44", "text": "bear trap. That trap shook out weaker"}, {"start": "00:10:41", "end": "00:10:48", "text": "hands before a deeper reset to form the"}, {"start": "00:10:44", "end": "00:10:51", "text": "true bottom. Either way, something big"}, {"start": "00:10:48", "end": "00:10:54", "text": "is happening. We don't know what it is,"}, {"start": "00:10:51", "end": "00:10:58", "text": "but like let's be realistic here. With"}, {"start": "00:10:54", "end": "00:11:00", "text": "the way that everything is going, we are"}, {"start": "00:10:58", "end": "00:11:02", "text": "either the stock market is about to"}, {"start": "00:11:00", "end": "00:11:04", "text": "completely implode."}, {"start": "00:11:02", "end": "00:11:08", "text": "The world's financial system is about to"}, {"start": "00:11:04", "end": "00:11:11", "text": "be reset, or we're about to see these"}, {"start": "00:11:08", "end": "00:11:14", "text": "laws pass through. We're about to see"}, {"start": "00:11:11", "end": "00:11:17", "text": "all these banks launch their stable"}, {"start": "00:11:14", "end": "00:11:19", "text": "coins on top of Ethereum and XRP."}, {"start": "00:11:17", "end": "00:11:21", "text": "We're about to see adoption levels of"}, {"start": "00:11:19", "end": "00:11:24", "text": "Bitcoin hit numbers that we never"}, {"start": "00:11:21", "end": "00:11:25", "text": "thought completely possible. Micro"}, {"start": "00:11:24", "end": "00:11:29", "text": "Strategy is going to get their 1"}, {"start": "00:11:25", "end": "00:11:32", "text": "millionth Bitcoin and Bitcoin will 34x"}, {"start": "00:11:29", "end": "00:11:35", "text": "in price this year. There's no real way."}, {"start": "00:11:32", "end": "00:11:37", "text": "And I mean in general like the stock"}, {"start": "00:11:35", "end": "00:11:41", "text": "market isn't going to continue to trend"}, {"start": "00:11:37", "end": "00:11:43", "text": "sideways. Crypto prices cannot continue"}, {"start": "00:11:41", "end": "00:11:44", "text": "in the same way forever. We've we've"}, {"start": "00:11:43", "end": "00:11:47", "text": "been here before. We've had these"}, {"start": "00:11:44", "end": "00:11:48", "text": "scenarios. We've seen what happens."}, {"start": "00:11:47", "end": "00:11:50", "text": "We've seen the prices go up, the prices"}, {"start": "00:11:48", "end": "00:11:54", "text": "go down, prices go sideways, but it does"}, {"start": "00:11:50", "end": "00:11:56", "text": "not last forever. So"}, {"start": "00:11:54", "end": "00:11:58", "text": "now we're at the point where"}, {"start": "00:11:56", "end": "00:12:02", "text": "everyone is announcing the exact same"}, {"start": "00:11:58", "end": "00:12:04", "text": "thing. So fingers and toes cross that it"}, {"start": "00:12:02", "end": "00:12:06", "text": "actually ends up happening because you"}, {"start": "00:12:04", "end": "00:12:08", "text": "know"}, {"start": "00:12:06", "end": "00:12:10", "text": "they"}, {"start": "00:12:08", "end": "00:12:14", "text": "Oh, sure. Anyway,"}, {"start": "00:12:10", "end": "00:12:17", "text": "that's the everyone's saying the exact"}, {"start": "00:12:14", "end": "00:12:20", "text": "same thing news."}, {"start": "00:12:17", "end": "00:12:23", "text": "And yeah,"}, {"start": "00:12:20", "end": "00:12:23", "text": "let's move on."}, {"start": "00:12:24", "end": "00:12:29", "text": "Also in popular news, we have a lot of"}, {"start": "00:12:26", "end": "00:12:33", "text": "Sandbox stuff going on. If you missed"}, {"start": "00:12:29", "end": "00:12:36", "text": "it, uh, six banks within Switzerland"}, {"start": "00:12:33", "end": "00:12:40", "text": "have announced that they are testing"}, {"start": "00:12:36", "end": "00:12:41", "text": "their stable coin collectively on top of"}, {"start": "00:12:40", "end": "00:12:44", "text": "Ethereum."}, {"start": "00:12:41", "end": "00:12:47", "text": "We're also getting a lot of other uh,"}, {"start": "00:12:44", "end": "00:12:50", "text": "countries and information. Basically, a"}, {"start": "00:12:47", "end": "00:12:53", "text": "sandbox is like a little area where you"}, {"start": "00:12:50", "end": "00:12:56", "text": "are allowed to test things within the"}, {"start": "00:12:53", "end": "00:12:59", "text": "cryptocurrency space, and a lot of it,"}, {"start": "00:12:56", "end": "00:13:03", "text": "for some reason, is revolving around uh"}, {"start": "00:12:59", "end": "00:13:06", "text": "stable coins, at least as of late."}, {"start": "00:13:03", "end": "00:13:10", "text": "Financial technology company Ripple"}, {"start": "00:13:06", "end": "00:13:14", "text": "said on Wednesday it had joined the"}, {"start": "00:13:10", "end": "00:13:19", "text": "monetary authority of Singapore's Bloom"}, {"start": "00:13:14", "end": "00:13:23", "text": "B Loom M initiative with supply chain"}, {"start": "00:13:19", "end": "00:13:26", "text": "finance technology firm unlock to test"}, {"start": "00:13:23", "end": "00:13:29", "text": "programmable crossborder trade"}, {"start": "00:13:26", "end": "00:13:33", "text": "settlement using the XRP ledger and the"}, {"start": "00:13:29", "end": "00:13:35", "text": "Ripple US dollar. That is their stable"}, {"start": "00:13:33", "end": "00:13:36", "text": "coin. Oh, that was the actual. Okay,"}, {"start": "00:13:35", "end": "00:13:39", "text": "that's the end of the article. That's"}, {"start": "00:13:36", "end": "00:13:41", "text": "very weird. Cool. Awesome. Let's see"}, {"start": "00:13:39", "end": "00:13:42", "text": "what happens. Uh, we have moved"}, {"start": "00:13:41", "end": "00:13:45", "text": "accordingly."}, {"start": "00:13:42", "end": "00:13:47", "text": "I told you I I gave it until June. I was"}, {"start": "00:13:45", "end": "00:13:50", "text": "like, if we don't start hearing things"}, {"start": "00:13:47", "end": "00:13:52", "text": "happening, I'm not get going to get"}, {"start": "00:13:50", "end": "00:13:55", "text": "worried, but it's also like where why"}, {"start": "00:13:52", "end": "00:13:57", "text": "why is nothing actually happening? So"}, {"start": "00:13:55", "end": "00:13:59", "text": "where we are now is these banks are"}, {"start": "00:13:57", "end": "00:14:01", "text": "actually announcing that they're"}, {"start": "00:13:59", "end": "00:14:05", "text": "beginning the testing of their stable"}, {"start": "00:14:01", "end": "00:14:08", "text": "coins. Uh we have not"}, {"start": "00:14:05", "end": "00:14:11", "text": "as of late had a lot of news regarding"}, {"start": "00:14:08", "end": "00:14:14", "text": "uh Ripple or XRP or their stable coin"}, {"start": "00:14:11", "end": "00:14:16", "text": "being used. And here we are. I have to"}, {"start": "00:14:14", "end": "00:14:19", "text": "sneeze and it won't go away. Oh boy."}, {"start": "00:14:16", "end": "00:14:23", "text": "Please stop. Oh gosh. Is it going? Nope."}, {"start": "00:14:19", "end": "00:14:23", "text": "Oh gosh. Hold on. Wait."}, {"start": "00:14:25", "end": "00:14:29", "text": "Okay, I think I'm better. Okay, that was"}, {"start": "00:14:27", "end": "00:14:30", "text": "terrible. Um, yeah, we'll see what"}, {"start": "00:14:29", "end": "00:14:32", "text": "happens. Once again, this is this is"}, {"start": "00:14:30", "end": "00:14:35", "text": "kind of a"}, {"start": "00:14:32", "end": "00:14:38", "text": "let's see where this all goes kind of"}, {"start": "00:14:35", "end": "00:14:40", "text": "situation. When you are told, when we"}, {"start": "00:14:38", "end": "00:14:42", "text": "are told, when we have been given the"}, {"start": "00:14:40", "end": "00:14:48", "text": "information that there are supposed to"}, {"start": "00:14:42", "end": "00:14:51", "text": "be dozens gigantic s at the end of banks"}, {"start": "00:14:48", "end": "00:14:53", "text": "planning their stable coins and"}, {"start": "00:14:51", "end": "00:14:55", "text": "spreading it across mainly"}, {"start": "00:14:53", "end": "00:14:57", "text": "two blockchains,"}, {"start": "00:14:55", "end": "00:14:59", "text": "uh, let's see it happen. I'm I'm tired"}, {"start": "00:14:57", "end": "00:15:01", "text": "of getting news about like this is going"}, {"start": "00:14:59", "end": "00:15:02", "text": "to happen. This is going to be a thing."}, {"start": "00:15:01", "end": "00:15:05", "text": "This is No, no, no. It's time to"}, {"start": "00:15:02", "end": "00:15:06", "text": "actually put this into motion uh so that"}, {"start": "00:15:05", "end": "00:15:09", "text": "the market can recover and that we can"}, {"start": "00:15:06", "end": "00:15:11", "text": "know uh who actually has all these"}, {"start": "00:15:09", "end": "00:15:14", "text": "partnerships that they told us that they"}, {"start": "00:15:11", "end": "00:15:17", "text": "have."}, {"start": "00:15:14", "end": "00:15:19", "text": "That's the Ripple Monetary Authority of"}, {"start": "00:15:17", "end": "00:15:21", "text": "Singapore's initiative for stable coin"}, {"start": "00:15:19", "end": "00:15:24", "text": "news."}, {"start": "00:15:21", "end": "00:15:27", "text": "And yeah,"}, {"start": "00:15:24", "end": "00:15:27", "text": "let's move on."}, {"start": "00:15:28", "end": "00:15:36", "text": "Also in the news, unsurprising entirely,"}, {"start": "00:15:33", "end": "00:15:39", "text": "um, Ethereum staking is always in the"}, {"start": "00:15:36", "end": "00:15:41", "text": "news. The current"}, {"start": "00:15:39", "end": "00:15:44", "text": "thing that they're trying to do, in case"}, {"start": "00:15:41", "end": "00:15:47", "text": "you missed it, is these companies are"}, {"start": "00:15:44", "end": "00:15:50", "text": "trying to a buy up as much"}, {"start": "00:15:47", "end": "00:15:54", "text": "cryptocurrency as humanly possible, and"}, {"start": "00:15:50", "end": "00:15:57", "text": "b, uh, stake it, lock it away. They're"}, {"start": "00:15:54", "end": "00:15:58", "text": "it's it's it's it's double-edged for"}, {"start": "00:15:57", "end": "00:16:02", "text": "them."}, {"start": "00:15:58", "end": "00:16:04", "text": "in in in a good way. The first is that"}, {"start": "00:16:02", "end": "00:16:07", "text": "basically when they accumulate all of"}, {"start": "00:16:04", "end": "00:16:10", "text": "this cryptocurrency, they lower the"}, {"start": "00:16:07", "end": "00:16:12", "text": "circulating supply like you know we are"}, {"start": "00:16:10", "end": "00:16:14", "text": "not selling these coins, we just plan on"}, {"start": "00:16:12", "end": "00:16:16", "text": "actually buying them. They stake it and"}, {"start": "00:16:14", "end": "00:16:20", "text": "then they end up getting a huge amount"}, {"start": "00:16:16", "end": "00:16:23", "text": "of passive income. The secondary part is"}, {"start": "00:16:20", "end": "00:16:26", "text": "that the amount of assets locked on"}, {"start": "00:16:23", "end": "00:16:28", "text": "chain continues to rise. And the goal"}, {"start": "00:16:26", "end": "00:16:30", "text": "basically is is to not have any of these"}, {"start": "00:16:28", "end": "00:16:33", "text": "assets leave that chain and only have"}, {"start": "00:16:30", "end": "00:16:35", "text": "more assets going on top of it. So you"}, {"start": "00:16:33", "end": "00:16:37", "text": "will then be able to show as a company"}, {"start": "00:16:35", "end": "00:16:40", "text": "we have this asset. It's rising in"}, {"start": "00:16:37", "end": "00:16:42", "text": "price. It's getting us passive income."}, {"start": "00:16:40", "end": "00:16:44", "text": "We've locked it away. The integrity of"}, {"start": "00:16:42", "end": "00:16:46", "text": "the chain continues to grow. It only"}, {"start": "00:16:44", "end": "00:16:49", "text": "gets stronger. More people are locking"}, {"start": "00:16:46", "end": "00:16:51", "text": "their coins away. Now there's less coins"}, {"start": "00:16:49", "end": "00:16:53", "text": "actually flowing through the ecosystem."}, {"start": "00:16:51", "end": "00:16:55", "text": "There's less for other companies who are"}, {"start": "00:16:53", "end": "00:16:56", "text": "looking to buy for retail investors who"}, {"start": "00:16:55", "end": "00:17:00", "text": "are trying to get into the market as"}, {"start": "00:16:56", "end": "00:17:03", "text": "well. Price go up."}, {"start": "00:17:00", "end": "00:17:08", "text": "Ethereum staking has reached a new"}, {"start": "00:17:03", "end": "00:17:10", "text": "milestone with 38.9"}, {"start": "00:17:08", "end": "00:17:15", "text": "million Ether"}, {"start": "00:17:10", "end": "00:17:19", "text": "valued at around 85 billion US now"}, {"start": "00:17:15", "end": "00:17:23", "text": "locked on staking platforms."}, {"start": "00:17:19", "end": "00:17:27", "text": "That's insane. This represents 31.29"}, {"start": "00:17:23", "end": "00:17:30", "text": "very exact 31.29% 29% of the total"}, {"start": "00:17:27", "end": "00:17:33", "text": "circulating ETH supply effectively"}, {"start": "00:17:30", "end": "00:17:37", "text": "taking nearly one out of every three"}, {"start": "00:17:33", "end": "00:17:39", "text": "tokens out of open market circulation."}, {"start": "00:17:37", "end": "00:17:42", "text": "Secondly,"}, {"start": "00:17:39", "end": "00:17:44", "text": "we get a lot of news like this where we"}, {"start": "00:17:42", "end": "00:17:46", "text": "hear"}, {"start": "00:17:44", "end": "00:17:49", "text": "Micro Strategy has bought X amount of"}, {"start": "00:17:46", "end": "00:17:51", "text": "Bitcoin. That means this much amount of"}, {"start": "00:17:49", "end": "00:17:54", "text": "all the Bitcoin that's actually out"}, {"start": "00:17:51", "end": "00:17:57", "text": "there. They now have it. The part that"}, {"start": "00:17:54", "end": "00:17:59", "text": "they miss is that millions of Bitcoin"}, {"start": "00:17:57", "end": "00:18:02", "text": "are lost. The part that people miss when"}, {"start": "00:17:59", "end": "00:18:05", "text": "it comes to Ethereum staking is that"}, {"start": "00:18:02", "end": "00:18:08", "text": "people just focus on Ethereum staking."}, {"start": "00:18:05", "end": "00:18:10", "text": "It's similar to like Bitcoin ETFs."}, {"start": "00:18:08", "end": "00:18:11", "text": "People will look at how much money went"}, {"start": "00:18:10", "end": "00:18:14", "text": "into"}, {"start": "00:18:11", "end": "00:18:17", "text": "the pockets of 11 companies, not"}, {"start": "00:18:14", "end": "00:18:21", "text": "realizing that there are 150 family"}, {"start": "00:18:17", "end": "00:18:24", "text": "offices and countries and companies who"}, {"start": "00:18:21", "end": "00:18:26", "text": "are also buying Bitcoin that exact same"}, {"start": "00:18:24", "end": "00:18:29", "text": "day. So, it's not just that that money"}, {"start": "00:18:26", "end": "00:18:31", "text": "went into these ETFs and that's it. No,"}, {"start": "00:18:29", "end": "00:18:33", "text": "no, no, no, no. There are 800 other"}, {"start": "00:18:31", "end": "00:18:35", "text": "entities over the course of that week"}, {"start": "00:18:33", "end": "00:18:37", "text": "who also bought huge amounts of Bitcoin,"}, {"start": "00:18:35", "end": "00:18:40", "text": "but they just didn't brag about it. So"}, {"start": "00:18:37", "end": "00:18:43", "text": "when you hear that 31% of ETH is"}, {"start": "00:18:40", "end": "00:18:45", "text": "currently locked in staking on the"}, {"start": "00:18:43", "end": "00:18:48", "text": "chain,"}, {"start": "00:18:45", "end": "00:18:52", "text": "that doesn't represent that the other"}, {"start": "00:18:48", "end": "00:18:53", "text": "nearly 70% is out there free roaming."}, {"start": "00:18:52", "end": "00:18:55", "text": "There are tons of investors who are"}, {"start": "00:18:53", "end": "00:18:57", "text": "holding on to their ETH because they're"}, {"start": "00:18:55", "end": "00:19:00", "text": "waiting for it to go to a 100,000 who"}, {"start": "00:18:57", "end": "00:19:02", "text": "are simply not staking. There are other"}, {"start": "00:19:00", "end": "00:19:05", "text": "companies who have tons of ETH, but they"}, {"start": "00:19:02", "end": "00:19:07", "text": "have it in DeFi protocols."}, {"start": "00:19:05", "end": "00:19:12", "text": "So I would I I always want to see what"}, {"start": "00:19:07", "end": "00:19:15", "text": "the real number is. We know 31.29%."}, {"start": "00:19:12", "end": "00:19:18", "text": "Fantastic. How much is currently"}, {"start": "00:19:15", "end": "00:19:20", "text": "Ethereum has like 85 other coins on top"}, {"start": "00:19:18", "end": "00:19:23", "text": "of it. Tons of Ether is locked into"}, {"start": "00:19:20", "end": "00:19:26", "text": "those protocols doing DeFi operations,"}, {"start": "00:19:23", "end": "00:19:29", "text": "receiving passive income. What's the"}, {"start": "00:19:26", "end": "00:19:30", "text": "total amount of ETH that just isn't"}, {"start": "00:19:29", "end": "00:19:32", "text": "moving? I have a feeling it's around"}, {"start": "00:19:30", "end": "00:19:35", "text": "60%."}, {"start": "00:19:32", "end": "00:19:36", "text": "The other 40% can also then be divvied"}, {"start": "00:19:35", "end": "00:19:39", "text": "up"}, {"start": "00:19:36", "end": "00:19:42", "text": "to the Ethereum Foundation, other other"}, {"start": "00:19:39", "end": "00:19:44", "text": "companies who are like Bitmine who are"}, {"start": "00:19:42", "end": "00:19:46", "text": "accumulating but simply aren't staking"}, {"start": "00:19:44", "end": "00:19:49", "text": "their coins to a lot of you. A lot of"}, {"start": "00:19:46", "end": "00:19:50", "text": "people forget if you have three Ether,"}, {"start": "00:19:49", "end": "00:19:53", "text": "hear me out here. If you have three"}, {"start": "00:19:50", "end": "00:19:58", "text": "ether and there are a million people on"}, {"start": "00:19:53", "end": "00:20:00", "text": "the planet who also have three ether"}, {"start": "00:19:58", "end": "00:20:03", "text": "that's like like the numbers add up"}, {"start": "00:20:00", "end": "00:20:05", "text": "really fast. So this isn't the entire"}, {"start": "00:20:03", "end": "00:20:07", "text": "picture but it is fascinating to see"}, {"start": "00:20:05", "end": "00:20:10", "text": "that they're making sure that they"}, {"start": "00:20:07", "end": "00:20:13", "text": "actually get the uh the supply crunch"}, {"start": "00:20:10", "end": "00:20:15", "text": "that they want."}, {"start": "00:20:13", "end": "00:20:18", "text": "Market participants appear to be less"}, {"start": "00:20:15", "end": "00:20:21", "text": "interested in selling instead opting to"}, {"start": "00:20:18", "end": "00:20:23", "text": "accumulate staking rewards while keeping"}, {"start": "00:20:21", "end": "00:20:26", "text": "funds locked. These are the institutions"}, {"start": "00:20:23", "end": "00:20:30", "text": "who are doing this. Normal investors"}, {"start": "00:20:26", "end": "00:20:33", "text": "they get scared quite easily."}, {"start": "00:20:30", "end": "00:20:36", "text": "So you know how I was telling you all"}, {"start": "00:20:33", "end": "00:20:39", "text": "before this is a real thing. You know"}, {"start": "00:20:36", "end": "00:20:40", "text": "there are a very few companies who own"}, {"start": "00:20:39", "end": "00:20:43", "text": "effectively"}, {"start": "00:20:40", "end": "00:20:46", "text": "nearly the entire portion of the United"}, {"start": "00:20:43", "end": "00:20:49", "text": "States stock market. There are what 30"}, {"start": "00:20:46", "end": "00:20:51", "text": "40 companies who own nearly all the real"}, {"start": "00:20:49", "end": "00:20:53", "text": "estate in the United States. They're"}, {"start": "00:20:51", "end": "00:20:54", "text": "doing it in the UK. They're doing it in"}, {"start": "00:20:53", "end": "00:20:56", "text": "France. They're doing it around the"}, {"start": "00:20:54", "end": "00:20:59", "text": "world."}, {"start": "00:20:56", "end": "00:21:01", "text": "If a if a crisis happens in the stock"}, {"start": "00:20:59", "end": "00:21:05", "text": "market, what would normally take place"}, {"start": "00:21:01", "end": "00:21:08", "text": "is somebody who owns a home, they might"}, {"start": "00:21:05", "end": "00:21:11", "text": "have to sell it. They need to recuperate"}, {"start": "00:21:08", "end": "00:21:14", "text": "some kind of funds. We end up going into"}, {"start": "00:21:11", "end": "00:21:15", "text": "a a housing market crisis where"}, {"start": "00:21:14", "end": "00:21:18", "text": "everything just seems to be falling to"}, {"start": "00:21:15", "end": "00:21:22", "text": "the ground because you have 100 million"}, {"start": "00:21:18", "end": "00:21:25", "text": "individual people who own these homes."}, {"start": "00:21:22", "end": "00:21:28", "text": "If you have 40 companies who own those"}, {"start": "00:21:25", "end": "00:21:31", "text": "100 million homes instead, the stock"}, {"start": "00:21:28", "end": "00:21:33", "text": "market goes down, but these companies"}, {"start": "00:21:31", "end": "00:21:35", "text": "aren't selling. They want to continue"}, {"start": "00:21:33", "end": "00:21:37", "text": "getting the rent. That's the lack of"}, {"start": "00:21:35", "end": "00:21:40", "text": "selling pressure that we're talking"}, {"start": "00:21:37", "end": "00:21:43", "text": "about. Wall Street and these large"}, {"start": "00:21:40", "end": "00:21:46", "text": "companies have so much crypto and have"}, {"start": "00:21:43", "end": "00:21:49", "text": "so much control over the market. We're"}, {"start": "00:21:46", "end": "00:21:51", "text": "getting a lot of news. You know, it's"}, {"start": "00:21:49", "end": "00:21:53", "text": "cool. retail investors are re-entering"}, {"start": "00:21:51", "end": "00:21:56", "text": "the market. But the other side of the"}, {"start": "00:21:53", "end": "00:21:58", "text": "coin is that the people who appear to be"}, {"start": "00:21:56", "end": "00:22:01", "text": "less interested in selling their micro"}, {"start": "00:21:58", "end": "00:22:04", "text": "strategy, their meta planet, their"}, {"start": "00:22:01", "end": "00:22:06", "text": "Bitmine, their companies who are like,"}, {"start": "00:22:04", "end": "00:22:09", "text": "\"Let's get this right now because if"}, {"start": "00:22:06", "end": "00:22:11", "text": "Ethereum does go to a 100,000, we want"}, {"start": "00:22:09", "end": "00:22:14", "text": "to 50x the money that we've put inside"}, {"start": "00:22:11", "end": "00:22:17", "text": "of it. We buy this. We hold on to it. We"}, {"start": "00:22:14", "end": "00:22:19", "text": "have no intention of selling.\" If you"}, {"start": "00:22:17", "end": "00:22:24", "text": "are getting wallet addresses who are"}, {"start": "00:22:19", "end": "00:22:26", "text": "buying 100 Bitcoin every single day. If"}, {"start": "00:22:24", "end": "00:22:30", "text": "you're getting Micro Strategy who's"}, {"start": "00:22:26", "end": "00:22:33", "text": "buying three to 5x"}, {"start": "00:22:30", "end": "00:22:35", "text": "the amount of Bitcoin mined per day. If"}, {"start": "00:22:33", "end": "00:22:40", "text": "you have companies who are buying"}, {"start": "00:22:35", "end": "00:22:43", "text": "egregiously large amounts of Ether, that"}, {"start": "00:22:40", "end": "00:22:45", "text": "stops selling pressure."}, {"start": "00:22:43", "end": "00:22:48", "text": "Something bad happens in the news. We"}, {"start": "00:22:45", "end": "00:22:49", "text": "have a crazy world event. Retail"}, {"start": "00:22:48", "end": "00:22:52", "text": "investors go, \"I'm scared.\" And they"}, {"start": "00:22:49", "end": "00:22:54", "text": "sell off one of their Ether. The"}, {"start": "00:22:52", "end": "00:22:57", "text": "companies then announce two days later,"}, {"start": "00:22:54", "end": "00:22:59", "text": "\"We just purchased $180 million worth of"}, {"start": "00:22:57", "end": "00:23:02", "text": "Ether.\" We start getting news. We had"}, {"start": "00:22:59", "end": "00:23:05", "text": "stuff recently from Kathy Wood, from"}, {"start": "00:23:02", "end": "00:23:07", "text": "someone from JP Morgan Chase and other"}, {"start": "00:23:05", "end": "00:23:10", "text": "big name, and they were talking about"}, {"start": "00:23:07", "end": "00:23:12", "text": "the cryptocurrency market maturing. Why"}, {"start": "00:23:10", "end": "00:23:14", "text": "were they talking about the crypto"}, {"start": "00:23:12", "end": "00:23:17", "text": "market maturing? because we're seeing a"}, {"start": "00:23:14", "end": "00:23:19", "text": "lot less price dips as world events"}, {"start": "00:23:17", "end": "00:23:22", "text": "happen. Normally, people would get"}, {"start": "00:23:19", "end": "00:23:24", "text": "scared and sell off their coins. These"}, {"start": "00:23:22", "end": "00:23:26", "text": "people now have no coins. They've sold"}, {"start": "00:23:24", "end": "00:23:28", "text": "off their position. Black Rockck bought"}, {"start": "00:23:26", "end": "00:23:30", "text": "it a year and a half ago and they're"}, {"start": "00:23:28", "end": "00:23:32", "text": "holding on to it. Even like I told you,"}, {"start": "00:23:30", "end": "00:23:36", "text": "when we get news that there's like an"}, {"start": "00:23:32", "end": "00:23:38", "text": "outflow to the ETFs, that's used to"}, {"start": "00:23:36", "end": "00:23:43", "text": "scare you because we've also then"}, {"start": "00:23:38", "end": "00:23:45", "text": "subsequently gotten news dozens of times"}, {"start": "00:23:43", "end": "00:23:50", "text": "that 4 days later that exact amount that"}, {"start": "00:23:45", "end": "00:23:52", "text": "left went back into the fund."}, {"start": "00:23:50", "end": "00:23:54", "text": "This is how you control a market. This"}, {"start": "00:23:52", "end": "00:23:58", "text": "is how you"}, {"start": "00:23:54", "end": "00:24:01", "text": "mature a market, if you will. The idea"}, {"start": "00:23:58", "end": "00:24:04", "text": "of an asset that you have to do nothing"}, {"start": "00:24:01", "end": "00:24:07", "text": "with. You click a button and you say"}, {"start": "00:24:04", "end": "00:24:12", "text": "give me passive income."}, {"start": "00:24:07", "end": "00:24:15", "text": "That is you can't imagine how"}, {"start": "00:24:12", "end": "00:24:18", "text": "uh rare, valuable, and wanted that is"}, {"start": "00:24:15", "end": "00:24:20", "text": "within the financial world. These"}, {"start": "00:24:18", "end": "00:24:24", "text": "companies are you don't you don't get"}, {"start": "00:24:20", "end": "00:24:28", "text": "it. They're salivating for this. They"}, {"start": "00:24:24", "end": "00:24:32", "text": "want all of it. Imagine Ethereum does"}, {"start": "00:24:28", "end": "00:24:36", "text": "eventually go to $100,000 per coin. It's"}, {"start": "00:24:32", "end": "00:24:36", "text": "not out of the realm of possibility."}, {"start": "00:24:36", "end": "00:24:41", "text": "Bit mine"}, {"start": "00:24:38", "end": "00:24:43", "text": "Bitmine alone is already making a"}, {"start": "00:24:41", "end": "00:24:45", "text": "million dollar per day. Did you hear the"}, {"start": "00:24:43", "end": "00:24:48", "text": "word that I just said? Bit mine is"}, {"start": "00:24:45", "end": "00:24:52", "text": "already making a million dollar per day"}, {"start": "00:24:48", "end": "00:24:55", "text": "from staking their Ether."}, {"start": "00:24:52", "end": "00:24:57", "text": "If Ether does a 50x in price, that"}, {"start": "00:24:55", "end": "00:25:00", "text": "company would effectively, I don't know"}, {"start": "00:24:57", "end": "00:25:01", "text": "what the new staking rate will be,"}, {"start": "00:25:00", "end": "00:25:04", "text": "they'll be able to tell their"}, {"start": "00:25:01", "end": "00:25:07", "text": "shareholders, we are making $50 million"}, {"start": "00:25:04", "end": "00:25:11", "text": "per day from doing nothing from an"}, {"start": "00:25:07", "end": "00:25:15", "text": "investment that we bought 10 years ago."}, {"start": "00:25:11", "end": "00:25:19", "text": "That's how you stop selling pressure."}, {"start": "00:25:15", "end": "00:25:21", "text": "All the other coins locked up in DeFi."}, {"start": "00:25:19", "end": "00:25:24", "text": "staking I think gets you what? 2.9 3"}, {"start": "00:25:21", "end": "00:25:27", "text": "point something percent with Ether."}, {"start": "00:25:24", "end": "00:25:31", "text": "Now imagine the other protocols"}, {"start": "00:25:27", "end": "00:25:34", "text": "getting you 3.3% 4.1 5.9%. The other"}, {"start": "00:25:31", "end": "00:25:36", "text": "companies are pushing their money into"}, {"start": "00:25:34", "end": "00:25:38", "text": "the market. Ethereum falls by 4%. We"}, {"start": "00:25:36", "end": "00:25:40", "text": "don't care. We just we just made a"}, {"start": "00:25:38", "end": "00:25:43", "text": "couple hundred,000 in 24 hours from"}, {"start": "00:25:40", "end": "00:25:43", "text": "doing nothing."}, {"start": "00:25:43", "end": "00:25:49", "text": "The decreased liquid supply supports"}, {"start": "00:25:47", "end": "00:25:52", "text": "higher prices during periods of demand"}, {"start": "00:25:49", "end": "00:25:55", "text": "as fewer tokens are available to absorb"}, {"start": "00:25:52", "end": "00:25:56", "text": "buying pressure."}, {"start": "00:25:55", "end": "00:26:00", "text": "Yeah,"}, {"start": "00:25:56", "end": "00:26:02", "text": "very interesting times ahead. Don't you"}, {"start": "00:26:00", "end": "00:26:05", "text": "ever forget how early you are in this"}, {"start": "00:26:02", "end": "00:26:08", "text": "market. Um how and what these companies"}, {"start": "00:26:05", "end": "00:26:11", "text": "are doing to accumulate more coins. This"}, {"start": "00:26:08", "end": "00:26:15", "text": "is a worldwide thing now where we are"}, {"start": "00:26:11", "end": "00:26:18", "text": "seeing heavy demand for these things"}, {"start": "00:26:15", "end": "00:26:20", "text": "that years ago these companies said that"}, {"start": "00:26:18", "end": "00:26:22", "text": "they did not care about. Everyone"}, {"start": "00:26:20", "end": "00:26:25", "text": "seemingly cares about it now. And we"}, {"start": "00:26:22", "end": "00:26:27", "text": "keep getting price predictions that are"}, {"start": "00:26:25", "end": "00:26:29", "text": "completely going through the"}, {"start": "00:26:27", "end": "00:26:32", "text": "stratosphere. It is going to be a very"}, {"start": "00:26:29", "end": "00:26:35", "text": "interesting 2026."}, {"start": "00:26:32", "end": "00:26:38", "text": "If we get all these laws passed, if we"}, {"start": "00:26:35", "end": "00:26:41", "text": "get all these stable coins and CBDC's"}, {"start": "00:26:38", "end": "00:26:43", "text": "placed on top of these chains, what are"}, {"start": "00:26:41", "end": "00:26:47", "text": "you going to do if we actually see these"}, {"start": "00:26:43", "end": "00:26:49", "text": "prices? Have you thought about that? No."}, {"start": "00:26:47", "end": "00:26:51", "text": "Like really, what happens if we get to"}, {"start": "00:26:49", "end": "00:26:54", "text": "December and Ethereum is actually at"}, {"start": "00:26:51", "end": "00:26:58", "text": "$12,000 a coin? What h what what are you"}, {"start": "00:26:54", "end": "00:27:00", "text": "going to do if Bitcoin's at 244,000"}, {"start": "00:26:58", "end": "00:27:02", "text": "by December?"}, {"start": "00:27:00", "end": "00:27:05", "text": "And I I'll even give you another one."}, {"start": "00:27:02", "end": "00:27:07", "text": "What if it takes six months extra and by"}, {"start": "00:27:05", "end": "00:27:10", "text": "summer 2027, those are the prices that"}, {"start": "00:27:07", "end": "00:27:13", "text": "we have?"}, {"start": "00:27:10", "end": "00:27:14", "text": "Yeah, it's a lot to think about. So,"}, {"start": "00:27:13", "end": "00:27:16", "text": "don't forget where you are in the"}, {"start": "00:27:14", "end": "00:27:20", "text": "market. Don't forget to save. Don't"}, {"start": "00:27:16", "end": "00:27:22", "text": "forget to invest. Um cuz billions of"}, {"start": "00:27:20", "end": "00:27:24", "text": "other people aren't."}, {"start": "00:27:22", "end": "00:27:26", "text": "I do sincerely hope that you've all"}, {"start": "00:27:24", "end": "00:27:28", "text": "enjoyed."}, {"start": "00:27:26", "end": "00:27:31", "text": "I do hope that you all are having a"}, {"start": "00:27:28", "end": "00:27:33", "text": "great day, a great morning, a great"}, {"start": "00:27:31", "end": "00:27:35", "text": "afternoon and evening wherever you are,"}, {"start": "00:27:33", "end": "00:27:39", "text": "wherever you might be. I do hope that"}, {"start": "00:27:35", "end": "00:27:41", "text": "it's absolutely fantastic. Thank you all"}, {"start": "00:27:39", "end": "00:27:44", "text": "once again for watching, listening,"}, {"start": "00:27:41", "end": "00:27:48", "text": "liking, commenting, and supporting. And"}, {"start": "00:27:44", "end": "00:27:52", "text": "I will most certainly be talking to you"}, {"start": "00:27:48", "end": "00:27:52", "text": "all soon."}, {"start": "00:27:54", "end": "00:27:57", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:05", "end": "00:00:13", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:15", "text": "How are you? How's it going? What's new?"}, {"start": "00:00:13", "end": "00:00:17", "text": "What are you investing in? What's life"}, {"start": "00:00:15", "end": "00:00:20", "text": "like for you right now? What have you"}, {"start": "00:00:17", "end": "00:00:22", "text": "all been up to?"}, {"start": "00:00:20", "end": "00:00:25", "text": "There's too much happening at the same"}, {"start": "00:00:22", "end": "00:00:28", "text": "time, and life just needs to slow down"}, {"start": "00:00:25", "end": "00:00:30", "text": "just a little bit. But that probably"}, {"start": "00:00:28", "end": "00:00:33", "text": "won't really solve anything."}, {"start": "00:00:30", "end": "00:00:37", "text": "Um, hope you're all doing well and that"}, {"start": "00:00:33", "end": "00:00:39", "text": "you're all having a great day. Uh, don't"}, {"start": "00:00:37", "end": "00:00:42", "text": "forget to subscribe to the channel if"}, {"start": "00:00:39", "end": "00:00:45", "text": "you haven't already done so. It's a"}, {"start": "00:00:42", "end": "00:00:48", "text": "brand new video every single day"}, {"start": "00:00:45", "end": "00:00:51", "text": "regarding cryptocurrency news and prices"}, {"start": "00:00:48", "end": "00:00:54", "text": "and price predictions and Bitcoin and"}, {"start": "00:00:51", "end": "00:00:57", "text": "Ethereum and XRP and all that good"}, {"start": "00:00:54", "end": "00:01:02", "text": "stuff. Uh without any further ado, let's"}, {"start": "00:00:57", "end": "00:01:04", "text": "jump right into it. Uh yeah, the"}, {"start": "00:01:02", "end": "00:01:09", "text": "companies that we've been hearing about"}, {"start": "00:01:04", "end": "00:01:12", "text": "the last uh 2 years are relentlessly"}, {"start": "00:01:09", "end": "00:01:14", "text": "purchasing huge amounts of crypto. I"}, {"start": "00:01:12", "end": "00:01:16", "text": "don't know what's happening. And I think"}, {"start": "00:01:14", "end": "00:01:18", "text": "at this point, oh, hold on. Sorry, I had"}, {"start": "00:01:16", "end": "00:01:20", "text": "to sit up properly. I don't know what's"}, {"start": "00:01:18", "end": "00:01:22", "text": "going on, but at this point, it's kind"}, {"start": "00:01:20", "end": "00:01:26", "text": "of like"}, {"start": "00:01:22", "end": "00:01:29", "text": "something has to give. Or even more so,"}, {"start": "00:01:26", "end": "00:01:32", "text": "I would just love some kind of"}, {"start": "00:01:29", "end": "00:01:34", "text": "information about everything."}, {"start": "00:01:32", "end": "00:01:36", "text": "These companies are buying huge amounts"}, {"start": "00:01:34", "end": "00:01:38", "text": "of crypto"}, {"start": "00:01:36", "end": "00:01:42", "text": "seemingly every single day, and it's"}, {"start": "00:01:38", "end": "00:01:45", "text": "just getting a bit weird. We're having a"}, {"start": "00:01:42", "end": "00:01:46", "text": "lot of news about um current world"}, {"start": "00:01:45", "end": "00:01:49", "text": "events"}, {"start": "00:01:46", "end": "00:01:52", "text": "and how they're shaping world markets."}, {"start": "00:01:49", "end": "00:01:55", "text": "We had some kind of a narrative begin to"}, {"start": "00:01:52", "end": "00:01:58", "text": "pop into crypto news around two weeks"}, {"start": "00:01:55", "end": "00:02:02", "text": "ago, two three weeks ago, uh revolving"}, {"start": "00:01:58", "end": "00:02:06", "text": "around Bitcoin rising in price as gold"}, {"start": "00:02:02", "end": "00:02:08", "text": "did not about Ethereum being scooped up"}, {"start": "00:02:06", "end": "00:02:12", "text": "by companies as they were selling off"}, {"start": "00:02:08", "end": "00:02:15", "text": "their stocks. that cryptocurrency prices"}, {"start": "00:02:12", "end": "00:02:19", "text": "were are were"}, {"start": "00:02:15", "end": "00:02:21", "text": "going to go higher based off of news and"}, {"start": "00:02:19", "end": "00:02:25", "text": "no real speculation other than like"}, {"start": "00:02:21", "end": "00:02:27", "text": "actual realworld use from banks and"}, {"start": "00:02:25", "end": "00:02:29", "text": "companies. We heard recently from a"}, {"start": "00:02:27", "end": "00:02:33", "text": "number of banks in Switzerland who are"}, {"start": "00:02:29", "end": "00:02:36", "text": "beginning to test their own stable coin"}, {"start": "00:02:33", "end": "00:02:39", "text": "collectively on top of Ethereum."}, {"start": "00:02:36", "end": "00:02:42", "text": "And it just feels like"}, {"start": "00:02:39", "end": "00:02:47", "text": "the people at the very top of the money"}, {"start": "00:02:42", "end": "00:02:53", "text": "pyramid are preparing for something that"}, {"start": "00:02:47", "end": "00:02:55", "text": "we just are not simply aware of. In"}, {"start": "00:02:53", "end": "00:02:57", "text": "very"}, {"start": "00:02:55", "end": "00:03:01", "text": "very very"}, {"start": "00:02:57", "end": "00:03:04", "text": "popular news, Bit Mine is back once"}, {"start": "00:03:01", "end": "00:03:08", "text": "again. Wouldn't you believe it? We just"}, {"start": "00:03:04", "end": "00:03:10", "text": "heard recently about Micro Strategy"}, {"start": "00:03:08", "end": "00:03:14", "text": "having purchased over a billion dollars"}, {"start": "00:03:10", "end": "00:03:18", "text": "worth of Bitcoin. Uh they are very"}, {"start": "00:03:14", "end": "00:03:22", "text": "close. They're very close by the end of"}, {"start": "00:03:18", "end": "00:03:23", "text": "this year to having a million"}, {"start": "00:03:22", "end": "00:03:27", "text": "Bitcoin."}, {"start": "00:03:23", "end": "00:03:30", "text": "One company. And Bitmine is on the exact"}, {"start": "00:03:27", "end": "00:03:32", "text": "same track."}, {"start": "00:03:30", "end": "00:03:37", "text": "Bit mine Immersion Technologies has"}, {"start": "00:03:32", "end": "00:03:40", "text": "announced their latest Ethereum purchase"}, {"start": "00:03:37", "end": "00:03:43", "text": "which has raised their total holdings to"}, {"start": "00:03:40", "end": "00:03:43", "text": "4.875"}, {"start": "00:03:43", "end": "00:03:49", "text": "million Ether."}, {"start": "00:03:47", "end": "00:03:52", "text": "They are purchasing I I I'm pretty sure"}, {"start": "00:03:49", "end": "00:03:54", "text": "they're the largest corporate holder of"}, {"start": "00:03:52", "end": "00:03:57", "text": "Ethereum out there. We had some"}, {"start": "00:03:54", "end": "00:04:01", "text": "companies last year who had 800,000"}, {"start": "00:03:57", "end": "00:04:04", "text": "1.2 2 million, but Bitmine has clearly"}, {"start": "00:04:01", "end": "00:04:07", "text": "surpassed every single one of them. Its"}, {"start": "00:04:04", "end": "00:04:09", "text": "entire stash,"}, {"start": "00:04:07", "end": "00:04:12", "text": "which includes some Bitcoin, as they"}, {"start": "00:04:09", "end": "00:04:16", "text": "were a Bitcoin mining company, Total"}, {"start": "00:04:12", "end": "00:04:18", "text": "Cash, and Moonshot Holdings, are now"}, {"start": "00:04:16", "end": "00:04:21", "text": "worth 11.8"}, {"start": "00:04:18", "end": "00:04:25", "text": "billion US."}, {"start": "00:04:21", "end": "00:04:28", "text": "They said, and I do quote,"}, {"start": "00:04:25", "end": "00:04:31", "text": "\"The current world event is entering its"}, {"start": "00:04:28", "end": "00:04:35", "text": "seventh week, and this event remains the"}, {"start": "00:04:31", "end": "00:04:38", "text": "most important driver of global markets."}, {"start": "00:04:35", "end": "00:04:41", "text": "ETH is now the best performing asset"}, {"start": "00:04:38", "end": "00:04:45", "text": "since the start of the event with a"}, {"start": "00:04:41", "end": "00:04:49", "text": "17.4% 4% gain and outperforming the S&P"}, {"start": "00:04:45", "end": "00:04:53", "text": "500 by 1,830"}, {"start": "00:04:49", "end": "00:04:57", "text": "basis points. And we believe ETH,"}, {"start": "00:04:53", "end": "00:05:02", "text": "beating gold by 2,743"}, {"start": "00:04:57", "end": "00:05:06", "text": "basis points, demonstrates ETH is the"}, {"start": "00:05:02", "end": "00:05:08", "text": "best world event store of value. This is"}, {"start": "00:05:06", "end": "00:05:11", "text": "also, like I said, the last few weeks,"}, {"start": "00:05:08", "end": "00:05:15", "text": "there seems to be something new in the"}, {"start": "00:05:11", "end": "00:05:19", "text": "crypto market that is trying to test the"}, {"start": "00:05:15", "end": "00:05:23", "text": "limits or the feasibility of or the"}, {"start": "00:05:19", "end": "00:05:26", "text": "reality of cryptocurrency prices moving"}, {"start": "00:05:23", "end": "00:05:30", "text": "with or against prices in the stock"}, {"start": "00:05:26", "end": "00:05:33", "text": "market or even within the economy. We"}, {"start": "00:05:30", "end": "00:05:36", "text": "recently had the inflation news for the"}, {"start": "00:05:33", "end": "00:05:37", "text": "world. It wasn't just the United States."}, {"start": "00:05:36", "end": "00:05:40", "text": "It's far worse than we could have"}, {"start": "00:05:37", "end": "00:05:43", "text": "imagined. The world event is causing"}, {"start": "00:05:40", "end": "00:05:46", "text": "prices to go up higher. Inflation keeps"}, {"start": "00:05:43", "end": "00:05:48", "text": "rising and probably will continue to do"}, {"start": "00:05:46", "end": "00:05:52", "text": "so."}, {"start": "00:05:48", "end": "00:05:54", "text": "However, at the same time, the news"}, {"start": "00:05:52", "end": "00:05:58", "text": "cryptoesque"}, {"start": "00:05:54", "end": "00:06:02", "text": "has begun to push forth this idea"}, {"start": "00:05:58", "end": "00:06:05", "text": "that these coins are now greater store"}, {"start": "00:06:02", "end": "00:06:08", "text": "of values than once believed because"}, {"start": "00:06:05", "end": "00:06:11", "text": "their prices have gone up a smidge while"}, {"start": "00:06:08", "end": "00:06:14", "text": "stocks have fallen around the exact same"}, {"start": "00:06:11", "end": "00:06:16", "text": "time. Consequently,"}, {"start": "00:06:14", "end": "00:06:19", "text": "the company he chairs has continued to"}, {"start": "00:06:16", "end": "00:06:23", "text": "accumulate ETH tokens at an increased"}, {"start": "00:06:19", "end": "00:06:25", "text": "pace for the past month since they still"}, {"start": "00:06:23", "end": "00:06:29", "text": "believe the asset is in the final stages"}, {"start": "00:06:25", "end": "00:06:30", "text": "of the mini crypto winter. Yeah, we"}, {"start": "00:06:29", "end": "00:06:33", "text": "heard that recently from Tom Lee as"}, {"start": "00:06:30", "end": "00:06:37", "text": "well. If you weren't here, Tom Lee said,"}, {"start": "00:06:33", "end": "00:06:40", "text": "uh, basically we've been in some kind of"}, {"start": "00:06:37", "end": "00:06:43", "text": "a cryptocurrency winter and it is now"}, {"start": "00:06:40", "end": "00:06:45", "text": "ending and this seems to be the reason"}, {"start": "00:06:43", "end": "00:06:48", "text": "why they are accumulating gargantuan"}, {"start": "00:06:45", "end": "00:06:52", "text": "amounts of coins. Same with Micro"}, {"start": "00:06:48", "end": "00:06:54", "text": "Strategy because they are,"}, {"start": "00:06:52", "end": "00:06:57", "text": "I guess,"}, {"start": "00:06:54", "end": "00:07:00", "text": "preparing for prices to go parabolic in"}, {"start": "00:06:57", "end": "00:07:03", "text": "the coming weeks. That sounds like a"}, {"start": "00:07:00", "end": "00:07:06", "text": "fake timeline, but it's basically what"}, {"start": "00:07:03", "end": "00:07:07", "text": "it has to be. They're accumulating"}, {"start": "00:07:06", "end": "00:07:09", "text": "everything because they keep saying that"}, {"start": "00:07:07", "end": "00:07:11", "text": "things are about to get better, that"}, {"start": "00:07:09", "end": "00:07:15", "text": "prices aren't going to go any lower,"}, {"start": "00:07:11", "end": "00:07:17", "text": "that we hit the bottom of the barrel for"}, {"start": "00:07:15", "end": "00:07:20", "text": "where prices could be."}, {"start": "00:07:17", "end": "00:07:23", "text": "And therefore, now is the time for all"}, {"start": "00:07:20", "end": "00:07:26", "text": "those gargantuan price predictions that"}, {"start": "00:07:23", "end": "00:07:30", "text": "we've been hearing about. As I said,"}, {"start": "00:07:26", "end": "00:07:32", "text": "this was of course gigantic news and"}, {"start": "00:07:30", "end": "00:07:34", "text": "everyone loved it. Anytime these"}, {"start": "00:07:32", "end": "00:07:37", "text": "companies take away cryptocurrency from"}, {"start": "00:07:34", "end": "00:07:39", "text": "everyday normal people, people jump and"}, {"start": "00:07:37", "end": "00:07:43", "text": "they cheer and they love it and they"}, {"start": "00:07:39", "end": "00:07:45", "text": "think that it's absolutely"}, {"start": "00:07:43", "end": "00:07:49", "text": "fantastic. But we'll see what ends up"}, {"start": "00:07:45", "end": "00:07:53", "text": "happening. Uh we are now around"}, {"start": "00:07:49", "end": "00:07:55", "text": "8 months away from having to see a"}, {"start": "00:07:53", "end": "00:08:00", "text": "$250,000"}, {"start": "00:07:55", "end": "00:08:05", "text": "Bitcoin, a 10 to $22,000"}, {"start": "00:08:00", "end": "00:08:08", "text": "Ether, and a 10 to $15 XRP."}, {"start": "00:08:05", "end": "00:08:12", "text": "So saith the wealthy people who keep"}, {"start": "00:08:08", "end": "00:08:16", "text": "accumulating all of the crypto. That's"}, {"start": "00:08:12", "end": "00:08:19", "text": "the Bit mine is very close to having 5%"}, {"start": "00:08:16", "end": "00:08:21", "text": "of all Ether and I assume they're going"}, {"start": "00:08:19", "end": "00:08:24", "text": "to continue to accumulate afterwards as"}, {"start": "00:08:21", "end": "00:08:26", "text": "well. You wouldn't stop if you if you"}, {"start": "00:08:24", "end": "00:08:30", "text": "own the world. You just kind of keep"}, {"start": "00:08:26", "end": "00:08:33", "text": "continued to to accumulate. Okie dokie."}, {"start": "00:08:30", "end": "00:08:33", "text": "Let's move on."}, {"start": "00:08:36", "end": "00:08:41", "text": "Also in popular news in"}, {"start": "00:08:39", "end": "00:08:43", "text": "what I can only say is completely"}, {"start": "00:08:41", "end": "00:08:46", "text": "unsurprising."}, {"start": "00:08:43", "end": "00:08:50", "text": "Um remember around"}, {"start": "00:08:46", "end": "00:08:53", "text": "January, February when cryptocurrency"}, {"start": "00:08:50", "end": "00:08:56", "text": "prices were first beginning to drop and"}, {"start": "00:08:53", "end": "00:09:00", "text": "and dip and everyone was panicking."}, {"start": "00:08:56", "end": "00:09:04", "text": "The same thing happened in 2025. Same"}, {"start": "00:09:00", "end": "00:09:06", "text": "thing happened in 2024 and 2023. And one"}, {"start": "00:09:04", "end": "00:09:09", "text": "of the main core features is that a lot"}, {"start": "00:09:06", "end": "00:09:10", "text": "of times, especially now because we have"}, {"start": "00:09:09", "end": "00:09:14", "text": "ETFs,"}, {"start": "00:09:10", "end": "00:09:17", "text": "um usually people will regard outflows"}, {"start": "00:09:14", "end": "00:09:18", "text": "of funds as something incredibly"}, {"start": "00:09:17", "end": "00:09:20", "text": "negative."}, {"start": "00:09:18", "end": "00:09:23", "text": "We are only allowed to have money"}, {"start": "00:09:20", "end": "00:09:26", "text": "continuously flowing into this market."}, {"start": "00:09:23", "end": "00:09:30", "text": "Anything else is is near blasphemous."}, {"start": "00:09:26", "end": "00:09:33", "text": "So, whenever we hear that there's a $150"}, {"start": "00:09:30", "end": "00:09:35", "text": "leaving crypto ETFs, people lose it."}, {"start": "00:09:33", "end": "00:09:37", "text": "People go completely bananas and they"}, {"start": "00:09:35", "end": "00:09:39", "text": "start writing negative articles about"}, {"start": "00:09:37", "end": "00:09:42", "text": "how awful and terrible things are. And"}, {"start": "00:09:39", "end": "00:09:44", "text": "then we start getting news about how"}, {"start": "00:09:42", "end": "00:09:46", "text": "that's not really the case because"}, {"start": "00:09:44", "end": "00:09:49", "text": "during that evening money went back into"}, {"start": "00:09:46", "end": "00:09:51", "text": "those ETFs or at the end of a week if"}, {"start": "00:09:49", "end": "00:09:56", "text": "outflows"}, {"start": "00:09:51", "end": "00:09:59", "text": "were $180 million by Friday 220 million"}, {"start": "00:09:56", "end": "00:10:02", "text": "have gone into the fund."}, {"start": "00:09:59", "end": "00:10:06", "text": "Crypto investment products saw a"}, {"start": "00:10:02", "end": "00:10:08", "text": "powerful wave of inflows last week,"}, {"start": "00:10:06", "end": "00:10:11", "text": "making it one of the most notable"}, {"start": "00:10:08", "end": "00:10:15", "text": "periods for digital asset funds this"}, {"start": "00:10:11", "end": "00:10:21", "text": "year. Exchange traded crypto funds"}, {"start": "00:10:15", "end": "00:10:23", "text": "recorded a collective intake of 1.1"}, {"start": "00:10:21", "end": "00:10:26", "text": "billion US."}, {"start": "00:10:23", "end": "00:10:28", "text": "I don't know why really I do not know"}, {"start": "00:10:26", "end": "00:10:30", "text": "why whenever it it's kind of like you"}, {"start": "00:10:28", "end": "00:10:32", "text": "know how like the stock market goes up"}, {"start": "00:10:30", "end": "00:10:35", "text": "and down is listen like you know how"}, {"start": "00:10:32", "end": "00:10:37", "text": "like stocks go up like up and then"}, {"start": "00:10:35", "end": "00:10:38", "text": "they'll fall and then then they'll go up"}, {"start": "00:10:37", "end": "00:10:40", "text": "and then they'll fall and then they'll"}, {"start": "00:10:38", "end": "00:10:42", "text": "go up like that like we know that things"}, {"start": "00:10:40", "end": "00:10:46", "text": "don't say like you you can't stay"}, {"start": "00:10:42", "end": "00:10:50", "text": "sideways forever. Numbers have to move"}, {"start": "00:10:46", "end": "00:10:52", "text": "in crypto if prices go down a bit."}, {"start": "00:10:50", "end": "00:10:54", "text": "There's kind of like a a wo is us"}, {"start": "00:10:52", "end": "00:10:57", "text": "sentiment that like sweeps the market"}, {"start": "00:10:54", "end": "00:10:59", "text": "and everyone gets very negative. If you"}, {"start": "00:10:57", "end": "00:11:01", "text": "see"}, {"start": "00:10:59", "end": "00:11:04", "text": "that there's"}, {"start": "00:11:01", "end": "00:11:06", "text": "$39 billion"}, {"start": "00:11:04", "end": "00:11:08", "text": "moving into crypto ETFs, that's that's"}, {"start": "00:11:06", "end": "00:11:10", "text": "tremendous. Like that's actually"}, {"start": "00:11:08", "end": "00:11:12", "text": "completely unreal. That's an enormous"}, {"start": "00:11:10", "end": "00:11:15", "text": "amount of money."}, {"start": "00:11:12", "end": "00:11:17", "text": "If $3 million leaves those funds, the"}, {"start": "00:11:15", "end": "00:11:19", "text": "negative articles begin. No one's"}, {"start": "00:11:17", "end": "00:11:21", "text": "looking at the near 40 billion inside"}, {"start": "00:11:19", "end": "00:11:23", "text": "the funds. They're looking at the 3"}, {"start": "00:11:21", "end": "00:11:26", "text": "million that left and everyone starts"}, {"start": "00:11:23", "end": "00:11:28", "text": "crying. These funds continue to"}, {"start": "00:11:26", "end": "00:11:30", "text": "accumulate huge amounts of money. But"}, {"start": "00:11:28", "end": "00:11:34", "text": "the only thing that makes it into the"}, {"start": "00:11:30", "end": "00:11:38", "text": "news is when money leaves the funds."}, {"start": "00:11:34", "end": "00:11:41", "text": "They said, and I quote, \"Analysts"}, {"start": "00:11:38", "end": "00:11:44", "text": "attribute this uptick to a renewed"}, {"start": "00:11:41", "end": "00:11:47", "text": "appetite for risk among investors."}, {"start": "00:11:44", "end": "00:11:51", "text": "Signs of an impending"}, {"start": "00:11:47", "end": "00:11:53", "text": "fire that also might then cease in"}, {"start": "00:11:51", "end": "00:11:56", "text": "another part of the world and lower than"}, {"start": "00:11:53", "end": "00:11:58", "text": "expected inflation are spent and"}, {"start": "00:11:56", "end": "00:12:01", "text": "spending data from the US have further"}, {"start": "00:11:58", "end": "00:12:03", "text": "supported this momentum."}, {"start": "00:12:01", "end": "00:12:06", "text": "I don't I I assume a lot of people are"}, {"start": "00:12:03", "end": "00:12:09", "text": "very um"}, {"start": "00:12:06", "end": "00:12:12", "text": "I want to use the word delirious"}, {"start": "00:12:09", "end": "00:12:14", "text": "right now because there so oh gosh like"}, {"start": "00:12:12", "end": "00:12:16", "text": "okay I'll I'll keep reading and then"}, {"start": "00:12:14", "end": "00:12:19", "text": "I'll tell you exactly what I think is"}, {"start": "00:12:16", "end": "00:12:22", "text": "really going on. It says, \"Meanwan,"}, {"start": "00:12:19", "end": "00:12:25", "text": "Bitcoin stands out with roughly 1.9"}, {"start": "00:12:22", "end": "00:12:28", "text": "billion in inflows this year, accounting"}, {"start": "00:12:25", "end": "00:12:31", "text": "for 83% of all crypto investment product"}, {"start": "00:12:28", "end": "00:12:37", "text": "inflows and reinforcing its leadership"}, {"start": "00:12:31", "end": "00:12:42", "text": "in the market. So, a couple things."}, {"start": "00:12:37", "end": "00:12:44", "text": "There is no uptick in risk on appetite"}, {"start": "00:12:42", "end": "00:12:45", "text": "for investors."}, {"start": "00:12:44", "end": "00:12:48", "text": "What appears to be happening is, as"}, {"start": "00:12:45", "end": "00:12:50", "text": "we've been going over, is that people"}, {"start": "00:12:48", "end": "00:12:52", "text": "are beginning to ddollarize. I don't"}, {"start": "00:12:50", "end": "00:12:55", "text": "know how many times we can go over it"}, {"start": "00:12:52", "end": "00:12:58", "text": "before people begin to understand that"}, {"start": "00:12:55", "end": "00:13:02", "text": "this is a a really big thing. And what I"}, {"start": "00:12:58", "end": "00:13:06", "text": "think has been happening for years"}, {"start": "00:13:02", "end": "00:13:08", "text": "is that we, me, you, we knew and know"}, {"start": "00:13:06", "end": "00:13:11", "text": "that inflation is bad. We know that debt"}, {"start": "00:13:08", "end": "00:13:14", "text": "levels are not slowing down anytime"}, {"start": "00:13:11", "end": "00:13:18", "text": "soon. This isn't a tinfoil hat thing."}, {"start": "00:13:14", "end": "00:13:20", "text": "It's just more of a logically speaking."}, {"start": "00:13:18", "end": "00:13:23", "text": "I think they've been kind of, and when I"}, {"start": "00:13:20", "end": "00:13:25", "text": "say they, I mean them, those who control"}, {"start": "00:13:23", "end": "00:13:27", "text": "the world. It would appear that they've"}, {"start": "00:13:25", "end": "00:13:30", "text": "been like looking for something else"}, {"start": "00:13:27", "end": "00:13:32", "text": "that they can buy, own a lot of, and"}, {"start": "00:13:30", "end": "00:13:35", "text": "kind of shift their money into as we see"}, {"start": "00:13:32", "end": "00:13:38", "text": "the old system beginning to collapse."}, {"start": "00:13:35", "end": "00:13:41", "text": "You don't have Black Rockck randomly"}, {"start": "00:13:38", "end": "00:13:43", "text": "getting into crypto. You don't have JP"}, {"start": "00:13:41", "end": "00:13:45", "text": "Morgan Chase and Fidelity randomly"}, {"start": "00:13:43", "end": "00:13:48", "text": "getting into crypto. You don't have"}, {"start": "00:13:45", "end": "00:13:51", "text": "Fanny May randomly announcing that"}, {"start": "00:13:48", "end": "00:13:53", "text": "they're accepting Bitcoin for mortgages."}, {"start": "00:13:51", "end": "00:13:55", "text": "You understand what like it's it's it's"}, {"start": "00:13:53", "end": "00:13:58", "text": "too coincidental."}, {"start": "00:13:55", "end": "00:14:00", "text": "Bitcoin hasn't changed in structure in"}, {"start": "00:13:58", "end": "00:14:03", "text": "any sort of way that would have given"}, {"start": "00:14:00", "end": "00:14:05", "text": "these people some kind of a"}, {"start": "00:14:03", "end": "00:14:07", "text": "yeah, Bitcoin's doing a thousand"}, {"start": "00:14:05", "end": "00:14:10", "text": "transactions per second. Let's invest in"}, {"start": "00:14:07", "end": "00:14:12", "text": "it now. No, Bitcoin's the same as it was"}, {"start": "00:14:10", "end": "00:14:14", "text": "before. It does three to five"}, {"start": "00:14:12", "end": "00:14:17", "text": "transactions per second. It just would"}, {"start": "00:14:14", "end": "00:14:19", "text": "seem that there's a new market on the"}, {"start": "00:14:17", "end": "00:14:21", "text": "block. Everyone's talking about"}, {"start": "00:14:19", "end": "00:14:24", "text": "tokenization. We had something two days"}, {"start": "00:14:21", "end": "00:14:26", "text": "ago from Larry Frink, the CEO of Black"}, {"start": "00:14:24", "end": "00:14:28", "text": "Rockck, if you didn't see it. He said he"}, {"start": "00:14:26", "end": "00:14:30", "text": "thinks the world is really"}, {"start": "00:14:28", "end": "00:14:32", "text": "underestimating"}, {"start": "00:14:30", "end": "00:14:35", "text": "just how big tokenization is going to"}, {"start": "00:14:32", "end": "00:14:38", "text": "be. He himself has said he's expecting"}, {"start": "00:14:35", "end": "00:14:43", "text": "tokenization by 2030."}, {"start": "00:14:38", "end": "00:14:46", "text": "to be a 50 to$100 trillion market. I"}, {"start": "00:14:43", "end": "00:14:48", "text": "will repeat those numbers again. A50"}, {"start": "00:14:46", "end": "00:14:55", "text": "trillion"}, {"start": "00:14:48", "end": "00:14:57", "text": "to a $100 trillion market in four years."}, {"start": "00:14:55", "end": "00:14:59", "text": "So it a lot of the times when we get"}, {"start": "00:14:57", "end": "00:15:01", "text": "news it it's kind of like you know how"}, {"start": "00:14:59", "end": "00:15:05", "text": "when a company announces uh that they're"}, {"start": "00:15:01", "end": "00:15:08", "text": "offering a new cryptocurrency product"}, {"start": "00:15:05", "end": "00:15:11", "text": "and they're like we here at TMI Co. love"}, {"start": "00:15:08", "end": "00:15:13", "text": "the idea of helping the common man. We"}, {"start": "00:15:11", "end": "00:15:16", "text": "want to reduce your cost because we"}, {"start": "00:15:13", "end": "00:15:18", "text": "think that the the company that does"}, {"start": "00:15:16", "end": "00:15:19", "text": "everything should do everything for you."}, {"start": "00:15:18", "end": "00:15:20", "text": "And it's like what the hell are you"}, {"start": "00:15:19", "end": "00:15:22", "text": "talking about? like you hear them just"}, {"start": "00:15:20", "end": "00:15:25", "text": "like patting themselves like they're"}, {"start": "00:15:22", "end": "00:15:27", "text": "saying words without saying nothing that"}, {"start": "00:15:25", "end": "00:15:30", "text": "kind of thing. What I think we have"}, {"start": "00:15:27", "end": "00:15:32", "text": "happening now is people are looking for"}, {"start": "00:15:30", "end": "00:15:34", "text": "a brand new way to make money and"}, {"start": "00:15:32", "end": "00:15:37", "text": "they're and they're facing in one"}, {"start": "00:15:34", "end": "00:15:40", "text": "direction. If you know that fiat is is"}, {"start": "00:15:37", "end": "00:15:42", "text": "inflating out of control and is going to"}, {"start": "00:15:40", "end": "00:15:44", "text": "get worse, you look for something else."}, {"start": "00:15:42", "end": "00:15:45", "text": "If you know that debt levels aren't"}, {"start": "00:15:44", "end": "00:15:48", "text": "going to go lower, you look for"}, {"start": "00:15:45", "end": "00:15:50", "text": "something else. If you see that you and"}, {"start": "00:15:48", "end": "00:15:52", "text": "your company, these people own"}, {"start": "00:15:50", "end": "00:15:54", "text": "everything."}, {"start": "00:15:52", "end": "00:15:55", "text": "They own all the land, they own all the"}, {"start": "00:15:54", "end": "00:15:58", "text": "real estate, they're buying all the air"}, {"start": "00:15:55", "end": "00:16:00", "text": "rights, they're buying all the water and"}, {"start": "00:15:58", "end": "00:16:03", "text": "all the water companies, if you haven't"}, {"start": "00:16:00", "end": "00:16:05", "text": "seen that on the planet, what's left?"}, {"start": "00:16:03", "end": "00:16:07", "text": "It's crypto."}, {"start": "00:16:05", "end": "00:16:09", "text": "So, a lot of the times, a lot of the"}, {"start": "00:16:07", "end": "00:16:11", "text": "news tends to have once again some kind"}, {"start": "00:16:09", "end": "00:16:13", "text": "of a narrative. Current world events are"}, {"start": "00:16:11", "end": "00:16:15", "text": "causing people to get into Bitcoin. No,"}, {"start": "00:16:13", "end": "00:16:17", "text": "these people have been into Bitcoin"}, {"start": "00:16:15", "end": "00:16:19", "text": "since 2014. They're just simply ramping"}, {"start": "00:16:17", "end": "00:16:22", "text": "up exactly how much they're buying."}, {"start": "00:16:19", "end": "00:16:24", "text": "Inflation looks bad. People are know"}, {"start": "00:16:22", "end": "00:16:26", "text": "people like these people, they create"}, {"start": "00:16:24", "end": "00:16:29", "text": "inflation. They run the system. They"}, {"start": "00:16:26", "end": "00:16:31", "text": "know exactly what the numbers are. They"}, {"start": "00:16:29", "end": "00:16:33", "text": "know exactly how much they have to put"}, {"start": "00:16:31", "end": "00:16:36", "text": "onto a crypto exchange to scare"}, {"start": "00:16:33", "end": "00:16:39", "text": "investors, to make prices go lower, to"}, {"start": "00:16:36", "end": "00:16:41", "text": "accumulate for themselves."}, {"start": "00:16:39", "end": "00:16:43", "text": "No one in their right mind. I told you"}, {"start": "00:16:41", "end": "00:16:45", "text": "this before. When you think of these"}, {"start": "00:16:43", "end": "00:16:48", "text": "numbers, not like these are the numbers"}, {"start": "00:16:45", "end": "00:16:48", "text": "going into ETFs."}, {"start": "00:16:48", "end": "00:16:53", "text": "This isn't like anything else. And then"}, {"start": "00:16:51", "end": "00:16:55", "text": "on the side, you have this company's"}, {"start": "00:16:53", "end": "00:16:58", "text": "like we're going to have $80 billion"}, {"start": "00:16:55", "end": "00:17:00", "text": "worth of Bitcoin by the end of this"}, {"start": "00:16:58", "end": "00:17:04", "text": "year. This company's like we just bought"}, {"start": "00:17:00", "end": "00:17:06", "text": "$185 billion million dollars worth of"}, {"start": "00:17:04", "end": "00:17:07", "text": "Ethereum. They're doing this on purpose"}, {"start": "00:17:06", "end": "00:17:10", "text": "because they know that this is where"}, {"start": "00:17:07", "end": "00:17:14", "text": "this is moving. If we get news, if you"}, {"start": "00:17:10", "end": "00:17:17", "text": "and I are getting news that the largest"}, {"start": "00:17:14", "end": "00:17:20", "text": "financial institutions are building on"}, {"start": "00:17:17", "end": "00:17:22", "text": "top of Ethereum, they're buying up"}, {"start": "00:17:20", "end": "00:17:25", "text": "Bitcoin. They're going to be using this"}, {"start": "00:17:22", "end": "00:17:28", "text": "coin. They know it as well. This isn't"}, {"start": "00:17:25", "end": "00:17:29", "text": "like a people don't Big Money isn't"}, {"start": "00:17:28", "end": "00:17:31", "text": "sitting there looking at the screen"}, {"start": "00:17:29", "end": "00:17:32", "text": "going, \"Oh gosh, I'm really scared. What"}, {"start": "00:17:31", "end": "00:17:35", "text": "should I buy? What should I I don't know"}, {"start": "00:17:32", "end": "00:17:37", "text": "what to do.\" They know the movements,"}, {"start": "00:17:35", "end": "00:17:38", "text": "they know the motions, they know what's"}, {"start": "00:17:37", "end": "00:17:40", "text": "happening, and then they just simply"}, {"start": "00:17:38", "end": "00:17:43", "text": "throw money into things accordingly."}, {"start": "00:17:40", "end": "00:17:45", "text": "This was very popular news because it"}, {"start": "00:17:43", "end": "00:17:48", "text": "created"}, {"start": "00:17:45", "end": "00:17:52", "text": "relative euphoria within people within"}, {"start": "00:17:48", "end": "00:17:54", "text": "the space feeling a sense of relief that"}, {"start": "00:17:52", "end": "00:17:58", "text": "the cryptocurrency market is doing"}, {"start": "00:17:54", "end": "00:17:59", "text": "better because people are putting money"}, {"start": "00:17:58", "end": "00:18:02", "text": "into funds again. They've been doing"}, {"start": "00:17:59", "end": "00:18:04", "text": "that for two years."}, {"start": "00:18:02", "end": "00:18:07", "text": "We have literal charts that you can see"}, {"start": "00:18:04", "end": "00:18:10", "text": "from 2024 until now how much money has"}, {"start": "00:18:07", "end": "00:18:12", "text": "moved into these things. It's always"}, {"start": "00:18:10", "end": "00:18:15", "text": "more for those of you who didn't know."}, {"start": "00:18:12", "end": "00:18:19", "text": "If there's an outflow of 80 million, the"}, {"start": "00:18:15", "end": "00:18:19", "text": "inflow is 200 million."}, {"start": "00:18:20", "end": "00:18:27", "text": "Anywh who, uh that's the Yep. Things"}, {"start": "00:18:24", "end": "00:18:30", "text": "still look good. I'm personally waiting"}, {"start": "00:18:27", "end": "00:18:33", "text": "for cryptocurrency prices to go higher."}, {"start": "00:18:30", "end": "00:18:35", "text": "uh news."}, {"start": "00:18:33", "end": "00:18:39", "text": "Okay,"}, {"start": "00:18:35", "end": "00:18:39", "text": "let's move on"}, {"start": "00:18:39", "end": "00:18:48", "text": "in. Okay. All right. Okay. All right. Um"}, {"start": "00:18:45", "end": "00:18:52", "text": "this is we're we're getting some like"}, {"start": "00:18:48", "end": "00:18:54", "text": "light blast from the past news. It"}, {"start": "00:18:52", "end": "00:18:56", "text": "started out with Ethereum and all the"}, {"start": "00:18:54", "end": "00:18:58", "text": "developers and workers announcing"}, {"start": "00:18:56", "end": "00:19:00", "text": "recently"}, {"start": "00:18:58", "end": "00:19:01", "text": "major upgrades for the system and"}, {"start": "00:19:00", "end": "00:19:04", "text": "Ethereum's going to be able to do this"}, {"start": "00:19:01", "end": "00:19:07", "text": "and layer twos are going to grow wings"}, {"start": "00:19:04", "end": "00:19:09", "text": "and fly to the sun and all these other"}, {"start": "00:19:07", "end": "00:19:11", "text": "kinds of so and so. Cardano's been in"}, {"start": "00:19:09", "end": "00:19:15", "text": "the news recently because Charles"}, {"start": "00:19:11", "end": "00:19:17", "text": "Hoskinson two weeks ago was asking you"}, {"start": "00:19:15", "end": "00:19:19", "text": "like investors to start using the chain"}, {"start": "00:19:17", "end": "00:19:23", "text": "to start putting your coins into DeFi,"}, {"start": "00:19:19", "end": "00:19:28", "text": "locking more value, staking your ADA and"}, {"start": "00:19:23", "end": "00:19:31", "text": "all these other things. Uh what used"}, {"start": "00:19:28", "end": "00:19:33", "text": "to really get the investors going"}, {"start": "00:19:31", "end": "00:19:35", "text": "was announcing"}, {"start": "00:19:33", "end": "00:19:38", "text": "that in the very near future you'd be"}, {"start": "00:19:35", "end": "00:19:42", "text": "bigger, better, faster, and stronger."}, {"start": "00:19:38", "end": "00:19:47", "text": "uh than you were the week before."}, {"start": "00:19:42", "end": "00:19:51", "text": "Cardano is preparing for an intra era"}, {"start": "00:19:47", "end": "00:19:54", "text": "hard fork to something called protocol"}, {"start": "00:19:51", "end": "00:19:59", "text": "version 11 which enhances Pluto's"}, {"start": "00:19:54", "end": "00:20:00", "text": "performance, ledger consistency and node"}, {"start": "00:19:59", "end": "00:20:02", "text": "security."}, {"start": "00:20:00", "end": "00:20:06", "text": "Uh last week they said we announced"}, {"start": "00:20:02", "end": "00:20:07", "text": "Cardano on Dune. Since launch, community"}, {"start": "00:20:06", "end": "00:20:11", "text": "members have already started building"}, {"start": "00:20:07", "end": "00:20:15", "text": "their own dedicated Cardano dashboards."}, {"start": "00:20:11", "end": "00:20:17", "text": "Meanwhile, the Pen TAD team has been"}, {"start": "00:20:15", "end": "00:20:21", "text": "busy improving the Cardano ecosystem"}, {"start": "00:20:17", "end": "00:20:23", "text": "overview dashboard based on your"}, {"start": "00:20:21", "end": "00:20:26", "text": "feedback. So,"}, {"start": "00:20:23", "end": "00:20:30", "text": "Cardano hasn't been struggling, but it"}, {"start": "00:20:26", "end": "00:20:33", "text": "just isn't as popular as it used to be."}, {"start": "00:20:30", "end": "00:20:37", "text": "This is namely because"}, {"start": "00:20:33", "end": "00:20:40", "text": "the companies, the banks, the"}, {"start": "00:20:37", "end": "00:20:44", "text": "institutions, the governments, the"}, {"start": "00:20:40", "end": "00:20:48", "text": "banks, the companies keep announcing"}, {"start": "00:20:44", "end": "00:20:51", "text": "three coins over and over. You know"}, {"start": "00:20:48", "end": "00:20:53", "text": "which three coins those are. So Cardano"}, {"start": "00:20:51", "end": "00:20:56", "text": "in the last six, seven months, mainly"}, {"start": "00:20:53", "end": "00:20:59", "text": "Hoskinson, they're they're trying to"}, {"start": "00:20:56", "end": "00:21:02", "text": "revamp their image, revamp their style."}, {"start": "00:20:59", "end": "00:21:06", "text": "They were popular before popularer"}, {"start": "00:21:02", "end": "00:21:09", "text": "before when it was announced that they"}, {"start": "00:21:06", "end": "00:21:13", "text": "would eventually usurp Ethereum. If you"}, {"start": "00:21:09", "end": "00:21:15", "text": "don't know the history of Cardano, Tron,"}, {"start": "00:21:13", "end": "00:21:18", "text": "even Polygon, Polka Dot, you name it."}, {"start": "00:21:15", "end": "00:21:21", "text": "There's about 15, literally 15 different"}, {"start": "00:21:18", "end": "00:21:23", "text": "coins. We're the brand new coin on the"}, {"start": "00:21:21", "end": "00:21:26", "text": "block. We are better than Ethereum. We"}, {"start": "00:21:23", "end": "00:21:29", "text": "are faster than Bitcoin. Everyone will"}, {"start": "00:21:26", "end": "00:21:32", "text": "use us. And as time has moved forward,"}, {"start": "00:21:29", "end": "00:21:36", "text": "it has become abundantly clear which"}, {"start": "00:21:32", "end": "00:21:40", "text": "coins are at the front of the the foot"}, {"start": "00:21:36", "end": "00:21:45", "text": "race. And Cardano"}, {"start": "00:21:40", "end": "00:21:49", "text": "is just simply not as advanced forward"}, {"start": "00:21:45", "end": "00:21:51", "text": "on the path as others. So,"}, {"start": "00:21:49", "end": "00:21:53", "text": "um,"}, {"start": "00:21:51", "end": "00:21:56", "text": "yeah, as time goes on, we'll see if more"}, {"start": "00:21:53", "end": "00:21:58", "text": "people end up using Cardano, if it"}, {"start": "00:21:56", "end": "00:21:59", "text": "improves in price, if it improves in"}, {"start": "00:21:58", "end": "00:22:01", "text": "rankings. Once again, nothing's wrong"}, {"start": "00:21:59", "end": "00:22:04", "text": "with the coin, with the protocol, with"}, {"start": "00:22:01", "end": "00:22:08", "text": "the chain. It's just other things have"}, {"start": "00:22:04", "end": "00:22:11", "text": "become more popular than it. And the"}, {"start": "00:22:08", "end": "00:22:14", "text": "olden days, like six, seven years ago,"}, {"start": "00:22:11", "end": "00:22:17", "text": "the way to get your coin back into a"}, {"start": "00:22:14", "end": "00:22:18", "text": "popular standing was announcing that it"}, {"start": "00:22:17", "end": "00:22:20", "text": "was going to be upgraded. For some"}, {"start": "00:22:18", "end": "00:22:21", "text": "reason, that that did it for a lot of"}, {"start": "00:22:20", "end": "00:22:25", "text": "people. Like like you know how we have"}, {"start": "00:22:21", "end": "00:22:28", "text": "like people go cuckoo bananas if we hear"}, {"start": "00:22:25", "end": "00:22:31", "text": "that Micro Strategy bought more Bitcoin."}, {"start": "00:22:28", "end": "00:22:34", "text": "If Bitmine is like we just bought seven"}, {"start": "00:22:31", "end": "00:22:36", "text": "catillion ether, you know, people get"}, {"start": "00:22:34", "end": "00:22:39", "text": "really hyped up. It sounds crazy, but"}, {"start": "00:22:36", "end": "00:22:42", "text": "years ago it was upgrade news. That was"}, {"start": "00:22:39", "end": "00:22:43", "text": "really, really big. We're upgrading our"}, {"start": "00:22:42", "end": "00:22:44", "text": "chain. We're gonna have more"}, {"start": "00:22:43", "end": "00:22:45", "text": "transactions. You're going to be able to"}, {"start": "00:22:44", "end": "00:22:47", "text": "do this. You're going to so and so and"}, {"start": "00:22:45", "end": "00:22:50", "text": "so. People were like, \"Oh my gosh, I"}, {"start": "00:22:47", "end": "00:22:53", "text": "freaking love it.\" And that's where we"}, {"start": "00:22:50", "end": "00:22:57", "text": "are again. That's the Cardano is"}, {"start": "00:22:53", "end": "00:22:59", "text": "preparing for a hard fork."}, {"start": "00:22:57", "end": "00:23:01", "text": "And"}, {"start": "00:22:59", "end": "00:23:05", "text": "yeah,"}, {"start": "00:23:01", "end": "00:23:05", "text": "let's move on."}, {"start": "00:23:07", "end": "00:23:12", "text": "Also in"}, {"start": "00:23:09", "end": "00:23:15", "text": "news, I'm not going to knock it. The uh"}, {"start": "00:23:12", "end": "00:23:20", "text": "United States has finally uh caught up"}, {"start": "00:23:15", "end": "00:23:22", "text": "with regulation. The US SEC and the CFTC"}, {"start": "00:23:20", "end": "00:23:25", "text": "are actually giving cryptocurrency"}, {"start": "00:23:22", "end": "00:23:27", "text": "regulations after people were begging"}, {"start": "00:23:25", "end": "00:23:30", "text": "for them since 2012."}, {"start": "00:23:27", "end": "00:23:33", "text": "Uh there's and I assume this is all tied"}, {"start": "00:23:30", "end": "00:23:36", "text": "up into like the Clarity Act. They're"}, {"start": "00:23:33", "end": "00:23:39", "text": "trying to do as much as they can right"}, {"start": "00:23:36", "end": "00:23:41", "text": "now in like a very short period of time."}, {"start": "00:23:39", "end": "00:23:45", "text": "The news that we got from someone"}, {"start": "00:23:41", "end": "00:23:47", "text": "recently, ah, it was uh Cynthia Lumis."}, {"start": "00:23:45", "end": "00:23:49", "text": "She said a couple days ago that they're"}, {"start": "00:23:47", "end": "00:23:53", "text": "trying to basically do everything they"}, {"start": "00:23:49", "end": "00:23:56", "text": "can before uh midterms happen because"}, {"start": "00:23:53", "end": "00:23:59", "text": "they just want to I don't know. I I"}, {"start": "00:23:56", "end": "00:24:01", "text": "can't figure it out. So now there's"}, {"start": "00:23:59", "end": "00:24:03", "text": "basically a lot of regulation news"}, {"start": "00:24:01", "end": "00:24:07", "text": "happening all the time and it's trying"}, {"start": "00:24:03", "end": "00:24:11", "text": "to make the United States like the"}, {"start": "00:24:07", "end": "00:24:13", "text": "go-to place for crypto activity and"}, {"start": "00:24:11", "end": "00:24:15", "text": "companies."}, {"start": "00:24:13", "end": "00:24:18", "text": "Securities and Exchange Commission"}, {"start": "00:24:15", "end": "00:24:21", "text": "chair, his name is Paul Atkins, has"}, {"start": "00:24:18", "end": "00:24:25", "text": "announced that the agency will soon"}, {"start": "00:24:21", "end": "00:24:28", "text": "propose what they call a reggg crypto"}, {"start": "00:24:25", "end": "00:24:32", "text": "exemption. reggg crypto exemption for"}, {"start": "00:24:28", "end": "00:24:35", "text": "token fundraising alongside a new"}, {"start": "00:24:32", "end": "00:24:37", "text": "exemption for decentralized finance. I"}, {"start": "00:24:35", "end": "00:24:41", "text": "know that sounds a little bit confusing."}, {"start": "00:24:37", "end": "00:24:44", "text": "Let me give you the the ins and outs. Uh"}, {"start": "00:24:41", "end": "00:24:46", "text": "basically people try to do IC so like"}, {"start": "00:24:44", "end": "00:24:49", "text": "when you want to launch a company on the"}, {"start": "00:24:46", "end": "00:24:51", "text": "stock exchange you do an IPO."}, {"start": "00:24:49", "end": "00:24:53", "text": "People created something in crypto"}, {"start": "00:24:51", "end": "00:24:55", "text": "called ano"}, {"start": "00:24:53", "end": "00:24:58", "text": "an initial coin offering. So when you're"}, {"start": "00:24:55", "end": "00:25:00", "text": "launching a coin, you would do an ICO"}, {"start": "00:24:58", "end": "00:25:02", "text": "and that would, you know, instead of"}, {"start": "00:25:00", "end": "00:25:05", "text": "issuing shares of your company, you"}, {"start": "00:25:02", "end": "00:25:07", "text": "would issue shares. You would issue"}, {"start": "00:25:05", "end": "00:25:10", "text": "coins the same exact way. We're issuing"}, {"start": "00:25:07", "end": "00:25:11", "text": "a billion coins. We're issuing a billion"}, {"start": "00:25:10", "end": "00:25:13", "text": "stock. And people would basically buy"}, {"start": "00:25:11", "end": "00:25:15", "text": "those stock. This would definitely be a"}, {"start": "00:25:13", "end": "00:25:17", "text": "security because you're buying this coin"}, {"start": "00:25:15", "end": "00:25:19", "text": "with expectation of the company's"}, {"start": "00:25:17", "end": "00:25:22", "text": "profits."}, {"start": "00:25:19", "end": "00:25:24", "text": "So on top of that, nearly all of that"}, {"start": "00:25:22", "end": "00:25:28", "text": "has been completely shut down because"}, {"start": "00:25:24", "end": "00:25:30", "text": "the SEC, the former SEC, Mr. Gensler,"}, {"start": "00:25:28", "end": "00:25:32", "text": "they gave no regulation as to if these"}, {"start": "00:25:30", "end": "00:25:34", "text": "were legal, how to make these legal, but"}, {"start": "00:25:32", "end": "00:25:36", "text": "a lot of we did see a lot of companies"}, {"start": "00:25:34", "end": "00:25:38", "text": "actually utilizing this years ago when"}, {"start": "00:25:36", "end": "00:25:41", "text": "it first became a thing. And now they're"}, {"start": "00:25:38", "end": "00:25:43", "text": "bringing it back basically which would"}, {"start": "00:25:41", "end": "00:25:45", "text": "allow people to have token fundraising a"}, {"start": "00:25:43", "end": "00:25:48", "text": "lot simpler, a lot easier without having"}, {"start": "00:25:45", "end": "00:25:52", "text": "to whatever along with new exemptions"}, {"start": "00:25:48", "end": "00:25:57", "text": "for DeFi. DeFi, if you didn't catch on,"}, {"start": "00:25:52", "end": "00:25:58", "text": "is the thing that's supposed to bring"}, {"start": "00:25:57", "end": "00:26:01", "text": "also"}, {"start": "00:25:58", "end": "00:26:05", "text": "crypto to the forefront. When you talk"}, {"start": "00:26:01", "end": "00:26:07", "text": "about using Ethereum protocols on other"}, {"start": "00:26:05", "end": "00:26:10", "text": "layers and other chains to get passive"}, {"start": "00:26:07", "end": "00:26:13", "text": "income exemption, if you're talking"}, {"start": "00:26:10", "end": "00:26:16", "text": "about staking Bitcoin, a lot of the"}, {"start": "00:26:13", "end": "00:26:20", "text": "staking for Bitcoin proposals have been"}, {"start": "00:26:16", "end": "00:26:23", "text": "through DeFi levels. You wrap up your"}, {"start": "00:26:20", "end": "00:26:26", "text": "Bitcoin, you put it on the Ethereum"}, {"start": "00:26:23", "end": "00:26:28", "text": "blockchain, and you put it into DeFi."}, {"start": "00:26:26", "end": "00:26:30", "text": "Bitcoin. If you do the same exact thing"}, {"start": "00:26:28", "end": "00:26:34", "text": "onchain and you're trying to get a a"}, {"start": "00:26:30", "end": "00:26:36", "text": "return, it's also through DeFi, you you"}, {"start": "00:26:34", "end": "00:26:40", "text": "understand? In addition to the"}, {"start": "00:26:36", "end": "00:26:44", "text": "fundraising rules under the 33 act, the"}, {"start": "00:26:40", "end": "00:26:48", "text": "SEC will soon introduce an innovation"}, {"start": "00:26:44", "end": "00:26:50", "text": "exemption specifically for the use of"}, {"start": "00:26:48", "end": "00:26:54", "text": "decentralized finance under the"}, {"start": "00:26:50", "end": "00:26:54", "text": "Securities Act of 1934."}, {"start": "00:26:54", "end": "00:26:59", "text": "Yeah, if you didn't know, if you're not"}, {"start": "00:26:56", "end": "00:27:03", "text": "from the states, they are still basing"}, {"start": "00:26:59", "end": "00:27:05", "text": "laws from a hundred years ago to today."}, {"start": "00:27:03", "end": "00:27:07", "text": "You know, before we had telephones,"}, {"start": "00:27:05", "end": "00:27:11", "text": "before we had TV."}, {"start": "00:27:07", "end": "00:27:14", "text": "Uhhuh. If implemented, reggg crypto will"}, {"start": "00:27:11", "end": "00:27:17", "text": "finally provide a compliant pathway for"}, {"start": "00:27:14", "end": "00:27:21", "text": "entrepreneurs and established companies"}, {"start": "00:27:17", "end": "00:27:24", "text": "to launch brand tokens. Does that sound"}, {"start": "00:27:21", "end": "00:27:27", "text": "familiar? Yeah, we got news. Facebook"}, {"start": "00:27:24", "end": "00:27:29", "text": "coin is launching soon. Walmart is also"}, {"start": "00:27:27", "end": "00:27:32", "text": "going to be launching a coin. We've had"}, {"start": "00:27:29", "end": "00:27:34", "text": "uh news for years"}, {"start": "00:27:32", "end": "00:27:36", "text": "that behind the scenes Apple is also"}, {"start": "00:27:34", "end": "00:27:38", "text": "apparently working on a coin. All these"}, {"start": "00:27:36", "end": "00:27:41", "text": "companies are want they want to launch"}, {"start": "00:27:38", "end": "00:27:43", "text": "brand tokens. If you launch a brand"}, {"start": "00:27:41", "end": "00:27:46", "text": "token, but you have to pay, you know,"}, {"start": "00:27:43", "end": "00:27:48", "text": "$35 million to do so, no one's going to"}, {"start": "00:27:46", "end": "00:27:50", "text": "do it. So, what happens? you create an"}, {"start": "00:27:48", "end": "00:27:53", "text": "exemption and you say this company can"}, {"start": "00:27:50", "end": "00:27:56", "text": "definitely do it and yada yada yada."}, {"start": "00:27:53", "end": "00:27:58", "text": "This is basically they're they're"}, {"start": "00:27:56", "end": "00:28:02", "text": "forcefully kicking the the red carpet"}, {"start": "00:27:58", "end": "00:28:04", "text": "down the road for cryptocurrencies and"}, {"start": "00:28:02", "end": "00:28:07", "text": "let's see what ends up happening. Yeah,"}, {"start": "00:28:04", "end": "00:28:09", "text": "not the most exciting news, but it's if"}, {"start": "00:28:07", "end": "00:28:12", "text": "you if you were here a decade ago, any"}, {"start": "00:28:09", "end": "00:28:14", "text": "kind of news about like legal clarity is"}, {"start": "00:28:12", "end": "00:28:17", "text": "like really like we finally got"}, {"start": "00:28:14", "end": "00:28:18", "text": "something. So, let's see what happens."}, {"start": "00:28:17", "end": "00:28:21", "text": "The Clarity Act is is at the center of"}, {"start": "00:28:18", "end": "00:28:23", "text": "all of this. I I I I can't wait until I"}, {"start": "00:28:21", "end": "00:28:25", "text": "don't have to say that word anymore"}, {"start": "00:28:23", "end": "00:28:29", "text": "because these people are acting like it"}, {"start": "00:28:25", "end": "00:28:30", "text": "is. I mean, maybe it is. Maybe it is."}, {"start": "00:28:29", "end": "00:28:33", "text": "These these people are acting like the"}, {"start": "00:28:30", "end": "00:28:35", "text": "Clarity Act and everything around it is"}, {"start": "00:28:33", "end": "00:28:36", "text": "going to send Bitcoin to a million. This"}, {"start": "00:28:35", "end": "00:28:39", "text": "is this is the energy that we keep"}, {"start": "00:28:36", "end": "00:28:44", "text": "getting."}, {"start": "00:28:39", "end": "00:28:46", "text": "Well, I do hope that you've all enjoyed."}, {"start": "00:28:44", "end": "00:28:50", "text": "I do hope you all are having a great"}, {"start": "00:28:46", "end": "00:28:52", "text": "day, morning, afternoon, evening,"}, {"start": "00:28:50", "end": "00:28:54", "text": "wherever you are, wherever the heck you"}, {"start": "00:28:52", "end": "00:28:56", "text": "might be. I do sincerely hope that it is"}, {"start": "00:28:54", "end": "00:29:00", "text": "absolutely fantastic."}, {"start": "00:28:56", "end": "00:29:02", "text": "Thank you all once again for watching"}, {"start": "00:29:00", "end": "00:29:05", "text": "the video, liking the video, commenting"}, {"start": "00:29:02", "end": "00:29:07", "text": "on the video, uh clicking affiliate"}, {"start": "00:29:05", "end": "00:29:10", "text": "links. Thank you all once again, and I"}, {"start": "00:29:07", "end": "00:29:13", "text": "will most certainly be talking to you"}, {"start": "00:29:10", "end": "00:29:13", "text": "all soon."}, {"start": "00:29:13", "end": "00:29:17", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video. Uh,"}, {"start": "00:00:07", "end": "00:00:14", "text": "welcome back to your daily crypto news."}, {"start": "00:00:12", "end": "00:00:16", "text": "Hope you're all doing well and that"}, {"start": "00:00:14", "end": "00:00:20", "text": "you're all having a fantastic day. Hope"}, {"start": "00:00:16", "end": "00:00:24", "text": "you're all remembering to invest."}, {"start": "00:00:20", "end": "00:00:27", "text": "It is incredibly important now more than"}, {"start": "00:00:24", "end": "00:00:30", "text": "ever. Don't forget to follow my travel"}, {"start": "00:00:27", "end": "00:00:33", "text": "channel. There's a link in the"}, {"start": "00:00:30", "end": "00:00:38", "text": "description below. And without any"}, {"start": "00:00:33", "end": "00:00:44", "text": "further ado, let's jump right into it."}, {"start": "00:00:38", "end": "00:00:47", "text": "The last few weeks have been, I think,"}, {"start": "00:00:44", "end": "00:00:51", "text": "quite telling of the future of the"}, {"start": "00:00:47", "end": "00:00:54", "text": "cryptocurrency space. We keep receiving"}, {"start": "00:00:51", "end": "00:00:57", "text": "and getting a large amount of news"}, {"start": "00:00:54", "end": "00:01:01", "text": "pertaining to the companies who are"}, {"start": "00:00:57", "end": "00:01:03", "text": "seemingly back with full force uh for"}, {"start": "00:01:01", "end": "00:01:06", "text": "their accumulations and all these other"}, {"start": "00:01:03", "end": "00:01:09", "text": "things within the cryptocurrency market."}, {"start": "00:01:06", "end": "00:01:12", "text": "We had news very recently as well"}, {"start": "00:01:09", "end": "00:01:15", "text": "surrounding uh the Clarity Act and how"}, {"start": "00:01:12", "end": "00:01:18", "text": "there is just a gigantic amount of"}, {"start": "00:01:15", "end": "00:01:21", "text": "support and how banks don't want it but"}, {"start": "00:01:18", "end": "00:01:24", "text": "politicians do and cryptocurrency"}, {"start": "00:01:21", "end": "00:01:27", "text": "companies are manifesting anything in"}, {"start": "00:01:24", "end": "00:01:30", "text": "their power to try and get this passed"}, {"start": "00:01:27", "end": "00:01:33", "text": "because allegedly if it does the"}, {"start": "00:01:30", "end": "00:01:35", "text": "cryptocurrency market is not only going"}, {"start": "00:01:33", "end": "00:01:38", "text": "to see new all-time highs but I mean we"}, {"start": "00:01:35", "end": "00:01:40", "text": "will be catapulted into the"}, {"start": "00:01:38", "end": "00:01:45", "text": "stratosphere. This is at least the news"}, {"start": "00:01:40", "end": "00:01:46", "text": "that we continue to receive as such. And"}, {"start": "00:01:45", "end": "00:01:50", "text": "this is why I keep thinking that"}, {"start": "00:01:46", "end": "00:01:53", "text": "something is going on because we a we we"}, {"start": "00:01:50", "end": "00:01:56", "text": "we didn't have news like this years ago."}, {"start": "00:01:53", "end": "00:01:59", "text": "It wasn't common place to hear things"}, {"start": "00:01:56", "end": "00:02:03", "text": "like this, especially at this degree"}, {"start": "00:01:59", "end": "00:02:04", "text": "with these companies who are seemingly"}, {"start": "00:02:03", "end": "00:02:07", "text": "weekly,"}, {"start": "00:02:04", "end": "00:02:09", "text": "if not more frequently, announcing that"}, {"start": "00:02:07", "end": "00:02:11", "text": "they're going to be accumulating huge"}, {"start": "00:02:09", "end": "00:02:14", "text": "amounts of crypto. Many of them are"}, {"start": "00:02:11", "end": "00:02:17", "text": "already near their goals, which is very"}, {"start": "00:02:14", "end": "00:02:20", "text": "weird because many of them initially"}, {"start": "00:02:17", "end": "00:02:22", "text": "announced that by the year 2030"}, {"start": "00:02:20", "end": "00:02:26", "text": "they would they would get there. So, we"}, {"start": "00:02:22", "end": "00:02:28", "text": "are well ahead of schedule. This leads"}, {"start": "00:02:26", "end": "00:02:30", "text": "me"}, {"start": "00:02:28", "end": "00:02:32", "text": "to believe that something big is going"}, {"start": "00:02:30", "end": "00:02:36", "text": "to happen that they're preparing for all"}, {"start": "00:02:32", "end": "00:02:38", "text": "these things. Why would you be buying so"}, {"start": "00:02:36", "end": "00:02:40", "text": "quickly, so feverishly"}, {"start": "00:02:38", "end": "00:02:44", "text": "uh if nothing was going to happen and"}, {"start": "00:02:40", "end": "00:02:46", "text": "you still had another four years to"}, {"start": "00:02:44", "end": "00:02:49", "text": "accumulate"}, {"start": "00:02:46", "end": "00:02:51", "text": "in I you you don't get it. This was one"}, {"start": "00:02:49", "end": "00:02:53", "text": "of the most popular news stories that"}, {"start": "00:02:51", "end": "00:02:55", "text": "we've had in a while. They keep popping"}, {"start": "00:02:53", "end": "00:02:58", "text": "up. We normally would have stuff like"}, {"start": "00:02:55", "end": "00:03:01", "text": "this every"}, {"start": "00:02:58", "end": "00:03:03", "text": "three months. There's like one big news"}, {"start": "00:03:01", "end": "00:03:05", "text": "event and everyone goes completely"}, {"start": "00:03:03", "end": "00:03:09", "text": "bananas over it. And I mean, at least"}, {"start": "00:03:05", "end": "00:03:11", "text": "this is like news because before"}, {"start": "00:03:09", "end": "00:03:14", "text": "we used to have stuff about people like"}, {"start": "00:03:11", "end": "00:03:16", "text": "wearing t-shirts and we had one one"}, {"start": "00:03:14", "end": "00:03:19", "text": "time, this was years ago, there was like"}, {"start": "00:03:16", "end": "00:03:22", "text": "a billboard somewhere in Time Square"}, {"start": "00:03:19", "end": "00:03:25", "text": "and it had cryp I I I think it had"}, {"start": "00:03:22", "end": "00:03:27", "text": "crypto something and Coinbase on it and"}, {"start": "00:03:25", "end": "00:03:29", "text": "people thought that was the bee's knees."}, {"start": "00:03:27", "end": "00:03:31", "text": "They thought that was like the best news"}, {"start": "00:03:29", "end": "00:03:33", "text": "we've ever had and it was shared"}, {"start": "00:03:31", "end": "00:03:37", "text": "everywhere. Well, here we are once"}, {"start": "00:03:33", "end": "00:03:41", "text": "again. This company is very close to"}, {"start": "00:03:37", "end": "00:03:49", "text": "their goal. I am personally finding it a"}, {"start": "00:03:41", "end": "00:03:55", "text": "bit weird how we are not at a $200,000"}, {"start": "00:03:49", "end": "00:03:59", "text": "Bitcoin yet, but alas, here we are."}, {"start": "00:03:55", "end": "00:04:03", "text": "Micro Strategy has completed a"}, {"start": "00:03:59", "end": "00:04:06", "text": "substantial Bitcoin purchase, acquiring"}, {"start": "00:04:03", "end": "00:04:13", "text": "13,000"}, {"start": "00:04:06", "end": "00:04:17", "text": "927 Bitcoin for about a billion US at an"}, {"start": "00:04:13", "end": "00:04:17", "text": "average price of $71,92"}, {"start": "00:04:18", "end": "00:04:25", "text": "per coin. Yes, my friends, they're back"}, {"start": "00:04:21", "end": "00:04:26", "text": "in the news again. micro strategy is"}, {"start": "00:04:25", "end": "00:04:30", "text": "currently"}, {"start": "00:04:26", "end": "00:04:34", "text": "very close to their"}, {"start": "00:04:30", "end": "00:04:36", "text": "2030 goal. And even crazier,"}, {"start": "00:04:34", "end": "00:04:37", "text": "they've already announced before that"}, {"start": "00:04:36", "end": "00:04:40", "text": "they're not going to slow down. Even"}, {"start": "00:04:37", "end": "00:04:42", "text": "when they get to a million Bitcoin,"}, {"start": "00:04:40", "end": "00:04:45", "text": "they're going to continue buying. At"}, {"start": "00:04:42", "end": "00:04:49", "text": "least we've heard forever."}, {"start": "00:04:45", "end": "00:04:55", "text": "This transaction pushes Micro Strategies"}, {"start": "00:04:49", "end": "00:04:55", "text": "total Bitcoin treasury to 780,000"}, {"start": "00:04:55", "end": "00:04:59", "text": "897"}, {"start": "00:04:57", "end": "00:05:02", "text": "Bitcoin. There there are people who"}, {"start": "00:04:59", "end": "00:05:05", "text": "don't even have"}, {"start": "00:05:02", "end": "00:05:07", "text": "a tenth of a Bitcoin. Can you imagine"}, {"start": "00:05:05", "end": "00:05:11", "text": "having so much money that you are able"}, {"start": "00:05:07", "end": "00:05:15", "text": "to purchase 13,000"}, {"start": "00:05:11", "end": "00:05:18", "text": "anything? 13,000 homes, 13,000. Like,"}, {"start": "00:05:15", "end": "00:05:21", "text": "it's it's it's a bit insane. This"}, {"start": "00:05:18", "end": "00:05:25", "text": "equates to roughly 3.8%"}, {"start": "00:05:21", "end": "00:05:28", "text": "of Bitcoin's total circulating supply,"}, {"start": "00:05:25", "end": "00:05:30", "text": "making it the largest corporate holder"}, {"start": "00:05:28", "end": "00:05:34", "text": "worldwide. I think only after them is"}, {"start": "00:05:30", "end": "00:05:36", "text": "Black Rockck with a million in their"}, {"start": "00:05:34", "end": "00:05:40", "text": "Bitcoin ETF, but that's being held on"}, {"start": "00:05:36", "end": "00:05:43", "text": "behalf of other investors. micro"}, {"start": "00:05:40", "end": "00:05:45", "text": "strategy. All those coins are theirs and"}, {"start": "00:05:43", "end": "00:05:47", "text": "theirs alone."}, {"start": "00:05:45", "end": "00:05:50", "text": "Sailor highlighted the purchase on"}, {"start": "00:05:47", "end": "00:05:53", "text": "Twitter, noting the current scale and"}, {"start": "00:05:50", "end": "00:05:55", "text": "impact of the firm's position under his"}, {"start": "00:05:53", "end": "00:05:58", "text": "leadership strategy has expanded its"}, {"start": "00:05:55", "end": "00:06:02", "text": "Bitcoin reserves to levels that now"}, {"start": "00:05:58", "end": "00:06:06", "text": "distort public available supply. Yeah,"}, {"start": "00:06:02", "end": "00:06:09", "text": "this happened. First of all, if if every"}, {"start": "00:06:06", "end": "00:06:13", "text": "company on the planet purchased one"}, {"start": "00:06:09", "end": "00:06:16", "text": "Bitcoin, that would already distort the"}, {"start": "00:06:13", "end": "00:06:19", "text": "the available public supply. If every"}, {"start": "00:06:16", "end": "00:06:21", "text": "company held 10 or 15 Bitcoin, there"}, {"start": "00:06:19", "end": "00:06:23", "text": "would still not then be enough for every"}, {"start": "00:06:21", "end": "00:06:26", "text": "millionaire on the planet. If you"}, {"start": "00:06:23", "end": "00:06:28", "text": "weren't here, this was so you know how"}, {"start": "00:06:26", "end": "00:06:32", "text": "recently we've uh you know had news"}, {"start": "00:06:28", "end": "00:06:34", "text": "again that Micro Strategy daily or when"}, {"start": "00:06:32", "end": "00:06:36", "text": "they're purchasing"}, {"start": "00:06:34", "end": "00:06:40", "text": "Micro Strategy is currently purchasing"}, {"start": "00:06:36", "end": "00:06:42", "text": "three to five times"}, {"start": "00:06:40", "end": "00:06:44", "text": "the amount of Bitcoin that is mined per"}, {"start": "00:06:42", "end": "00:06:46", "text": "day."}, {"start": "00:06:44", "end": "00:06:48", "text": "We used to have news years ago. Oh gosh,"}, {"start": "00:06:46", "end": "00:06:50", "text": "what was it? It it was something very"}, {"start": "00:06:48", "end": "00:06:51", "text": "similar. It wasn't the Black Rockck"}, {"start": "00:06:50", "end": "00:06:53", "text": "thing. I I just lost it. There was"}, {"start": "00:06:51", "end": "00:06:56", "text": "something else regarding Ah, there we"}, {"start": "00:06:53", "end": "00:06:58", "text": "go. There we go. Got it. We used to have"}, {"start": "00:06:56", "end": "00:07:00", "text": "news before that cuz companies would buy"}, {"start": "00:06:58", "end": "00:07:04", "text": "three or four Bitcoin at a time yada"}, {"start": "00:07:00", "end": "00:07:06", "text": "yada. There are so many millionaires on"}, {"start": "00:07:04", "end": "00:07:09", "text": "the planet."}, {"start": "00:07:06", "end": "00:07:12", "text": "Each millionaire could not have one"}, {"start": "00:07:09", "end": "00:07:13", "text": "Bitcoin."}, {"start": "00:07:12", "end": "00:07:17", "text": "Do you understand that level of"}, {"start": "00:07:13", "end": "00:07:20", "text": "scarcity? It is impossible for every"}, {"start": "00:07:17", "end": "00:07:23", "text": "millionaire on the planet to own an"}, {"start": "00:07:20", "end": "00:07:26", "text": "entire Bitcoin. So by the time we"}, {"start": "00:07:23", "end": "00:07:28", "text": "started hearing companies that company"}, {"start": "00:07:26", "end": "00:07:30", "text": "owns a thousand Bitcoin, I remember"}, {"start": "00:07:28", "end": "00:07:35", "text": "making videos being like they have"}, {"start": "00:07:30", "end": "00:07:37", "text": "essentially taken away Bitcoin from 999"}, {"start": "00:07:35", "end": "00:07:40", "text": "other millionaires on the planet. They"}, {"start": "00:07:37", "end": "00:07:42", "text": "will never think about that. There are"}, {"start": "00:07:40", "end": "00:07:45", "text": "millionaires on the planet who will"}, {"start": "00:07:42", "end": "00:07:47", "text": "never ever be able to own an entire"}, {"start": "00:07:45", "end": "00:07:50", "text": "coin."}, {"start": "00:07:47", "end": "00:07:52", "text": "If four to six million Bitcoin are lost"}, {"start": "00:07:50", "end": "00:07:55", "text": "and gone forever, the public keys have"}, {"start": "00:07:52", "end": "00:07:58", "text": "been destroyed or deleted or we simply"}, {"start": "00:07:55", "end": "00:07:59", "text": "can't find them, that means that the"}, {"start": "00:07:58", "end": "00:08:02", "text": "amount of Bitcoin that they actually"}, {"start": "00:07:59", "end": "00:08:04", "text": "have for the circulating supply is much"}, {"start": "00:08:02", "end": "00:08:08", "text": "higher than 3.8%."}, {"start": "00:08:04", "end": "00:08:11", "text": "They've also effectively taken away"}, {"start": "00:08:08", "end": "00:08:11", "text": "780,896"}, {"start": "00:08:13", "end": "00:08:18", "text": "Bitcoin away from millionaires on the"}, {"start": "00:08:16", "end": "00:08:20", "text": "planet who will never be able to own an"}, {"start": "00:08:18", "end": "00:08:21", "text": "entire coin. You have to think about it"}, {"start": "00:08:20", "end": "00:08:23", "text": "in that level because it's quite"}, {"start": "00:08:21", "end": "00:08:26", "text": "staggering. We're not talking about"}, {"start": "00:08:23", "end": "00:08:28", "text": "something that inflates or will inflate"}, {"start": "00:08:26", "end": "00:08:33", "text": "forever. There is a finite amount of"}, {"start": "00:08:28", "end": "00:08:35", "text": "Bitcoin. So, imagine my surprise that"}, {"start": "00:08:33", "end": "00:08:38", "text": "every time we keep getting news like"}, {"start": "00:08:35", "end": "00:08:41", "text": "this, it remains very popular. People in"}, {"start": "00:08:38", "end": "00:08:45", "text": "the crypto space love this kind of news,"}, {"start": "00:08:41", "end": "00:08:47", "text": "but they're also cheering for their own,"}, {"start": "00:08:45", "end": "00:08:50", "text": "I don't want to use the word poverty,"}, {"start": "00:08:47", "end": "00:08:53", "text": "but this company is absorbing what's"}, {"start": "00:08:50", "end": "00:08:55", "text": "meant for you. this company is buying"}, {"start": "00:08:53", "end": "00:08:58", "text": "this asset because people hoped that"}, {"start": "00:08:55", "end": "00:09:00", "text": "whenever in the past"}, {"start": "00:08:58", "end": "00:09:02", "text": "Micro Strategy would make purchases and"}, {"start": "00:09:00", "end": "00:09:03", "text": "then the price of Bitcoin would go up."}, {"start": "00:09:02", "end": "00:09:06", "text": "So it's basically people hoping"}, {"start": "00:09:03", "end": "00:09:06", "text": "for$100,000$125"}, {"start": "00:09:06", "end": "00:09:12", "text": "$200,000 Bitcoin from the efforts of"}, {"start": "00:09:10", "end": "00:09:14", "text": "Micro Strategy."}, {"start": "00:09:12", "end": "00:09:17", "text": "What people keep missing a large portion"}, {"start": "00:09:14", "end": "00:09:20", "text": "of people is that they are going to have"}, {"start": "00:09:17", "end": "00:09:24", "text": "a million Bitcoin and this will have"}, {"start": "00:09:20", "end": "00:09:26", "text": "insane ramifications if"}, {"start": "00:09:24", "end": "00:09:28", "text": "Bitcoin goes to a million dollars per"}, {"start": "00:09:26", "end": "00:09:30", "text": "coin. Have you thought Have you thought"}, {"start": "00:09:28", "end": "00:09:35", "text": "about what actually happens if Bitcoin"}, {"start": "00:09:30", "end": "00:09:39", "text": "imagine for a moment? Humor me. Bitcoin"}, {"start": "00:09:35", "end": "00:09:41", "text": "goes to $16.7 million."}, {"start": "00:09:39", "end": "00:09:43", "text": "And I and I asked, don't tell anyone,"}, {"start": "00:09:41", "end": "00:09:46", "text": "but h how much do you have? Like are you"}, {"start": "00:09:43", "end": "00:09:48", "text": "are you benefiting from that or is it"}, {"start": "00:09:46", "end": "00:09:51", "text": "just these corporate entities? It's kind"}, {"start": "00:09:48", "end": "00:09:52", "text": "of like before when we were uh for those"}, {"start": "00:09:51", "end": "00:09:55", "text": "of you who don't know because I I know"}, {"start": "00:09:52", "end": "00:09:57", "text": "some people are like completely every"}, {"start": "00:09:55", "end": "00:09:59", "text": "time I say something negative about a"}, {"start": "00:09:57", "end": "00:10:01", "text": "company. I I I can feel you like"}, {"start": "00:09:59", "end": "00:10:04", "text": "gritting and grinding your teeth."}, {"start": "00:10:01", "end": "00:10:06", "text": "Bitcoin is for you. Bitcoin is not for"}, {"start": "00:10:04", "end": "00:10:08", "text": "these companies. Bitcoin is not even for"}, {"start": "00:10:06", "end": "00:10:11", "text": "governments. Bitcoin is meant for us to"}, {"start": "00:10:08", "end": "00:10:13", "text": "get away from the old system. We can't"}, {"start": "00:10:11", "end": "00:10:16", "text": "stop Micro Strategy and what they're"}, {"start": "00:10:13", "end": "00:10:17", "text": "doing. But understand that when you when"}, {"start": "00:10:16", "end": "00:10:20", "text": "you cheer, when you're happy that these"}, {"start": "00:10:17", "end": "00:10:25", "text": "companies are buying up all the crypto,"}, {"start": "00:10:20", "end": "00:10:28", "text": "if Bitcoin goes to $18.9 million, it's"}, {"start": "00:10:25", "end": "00:10:31", "text": "you that should be benefiting from it"}, {"start": "00:10:28", "end": "00:10:34", "text": "and not just one company."}, {"start": "00:10:31", "end": "00:10:40", "text": "Anyway, this is incredibly popular news"}, {"start": "00:10:34", "end": "00:10:44", "text": "because crypto. He wrote, and I quote,"}, {"start": "00:10:40", "end": "00:10:48", "text": "\"Our BTC break even ARR"}, {"start": "00:10:44", "end": "00:10:48", "text": "is approximately 2.05%."}, {"start": "00:10:48", "end": "00:10:57", "text": "If Bitcoin grows faster than 2.05%"}, {"start": "00:10:53", "end": "00:10:58", "text": "over time, we can cover our dividends"}, {"start": "00:10:57", "end": "00:11:01", "text": "indefinitely"}, {"start": "00:10:58", "end": "00:11:04", "text": "without issuing any new Micro Strategy"}, {"start": "00:11:01", "end": "00:11:06", "text": "shares,\" Sailor explained while sharing"}, {"start": "00:11:04", "end": "00:11:10", "text": "the details of the company's capital and"}, {"start": "00:11:06", "end": "00:11:12", "text": "income model. This happened on Monday"}, {"start": "00:11:10", "end": "00:11:14", "text": "something like that. They were also"}, {"start": "00:11:12", "end": "00:11:16", "text": "discussing people. So there are a lot of"}, {"start": "00:11:14", "end": "00:11:20", "text": "people who don't like what Micro"}, {"start": "00:11:16", "end": "00:11:22", "text": "Strategy is doing uh from the standpoint"}, {"start": "00:11:20", "end": "00:11:26", "text": "of they keep putting the company in"}, {"start": "00:11:22", "end": "00:11:28", "text": "billions of dollars worth of debt to be"}, {"start": "00:11:26", "end": "00:11:30", "text": "able to buy more Bitcoin. It's a very"}, {"start": "00:11:28", "end": "00:11:32", "text": "odd business model. You know, it works"}, {"start": "00:11:30", "end": "00:11:34", "text": "in other ways, but at the moment,"}, {"start": "00:11:32", "end": "00:11:36", "text": "Bitcoin doesn't necessarily produce. So,"}, {"start": "00:11:34", "end": "00:11:39", "text": "there's a difference between a real"}, {"start": "00:11:36", "end": "00:11:41", "text": "estate company taking out a billion"}, {"start": "00:11:39", "end": "00:11:43", "text": "dollars worth of loans, buying a billion"}, {"start": "00:11:41", "end": "00:11:46", "text": "dollars worth of real estate, and then"}, {"start": "00:11:43", "end": "00:11:48", "text": "immediately they're receiving rent"}, {"start": "00:11:46", "end": "00:11:50", "text": "checks. They're receiving rent all the"}, {"start": "00:11:48", "end": "00:11:52", "text": "time, and you can see in real time that"}, {"start": "00:11:50", "end": "00:11:55", "text": "the money is being paid back, and you"}, {"start": "00:11:52", "end": "00:11:57", "text": "can say, \"In 12 years, we will have our"}, {"start": "00:11:55", "end": "00:12:02", "text": "original capital back.\" Bada bing, bada"}, {"start": "00:11:57", "end": "00:12:04", "text": "boom. For Bitcoin, you can justify that"}, {"start": "00:12:02", "end": "00:12:08", "text": "the price will go up, but it's a matter"}, {"start": "00:12:04", "end": "00:12:10", "text": "of like when. Is it now? Is it in 8"}, {"start": "00:12:08", "end": "00:12:12", "text": "weeks? Is it in two and a half years?"}, {"start": "00:12:10", "end": "00:12:14", "text": "The billions of dollars that you're"}, {"start": "00:12:12", "end": "00:12:18", "text": "taking out against this company that is"}, {"start": "00:12:14", "end": "00:12:19", "text": "offering a 2% dividend to its investors."}, {"start": "00:12:18", "end": "00:12:21", "text": "They keep seeing, okay, well, we're"}, {"start": "00:12:19", "end": "00:12:24", "text": "further in debt now. We're further in"}, {"start": "00:12:21", "end": "00:12:26", "text": "debt. Now we're Okay, we're $55 billion"}, {"start": "00:12:24", "end": "00:12:29", "text": "in debt. Where does, you know, where"}, {"start": "00:12:26", "end": "00:12:32", "text": "does this end? especially as they want"}, {"start": "00:12:29", "end": "00:12:35", "text": "to continue to buy Bitcoin"}, {"start": "00:12:32", "end": "00:12:41", "text": "indefinitely. So they recently mentioned"}, {"start": "00:12:35", "end": "00:12:46", "text": "that a as long as Bitcoin continues to"}, {"start": "00:12:41", "end": "00:12:49", "text": "uh increase in value by at least 2%."}, {"start": "00:12:46", "end": "00:12:51", "text": "This is these are their numbers"}, {"start": "00:12:49", "end": "00:12:54", "text": "2%"}, {"start": "00:12:51", "end": "00:12:57", "text": "then they'll be able to continuously"}, {"start": "00:12:54", "end": "00:12:59", "text": "give dividends to their investors who"}, {"start": "00:12:57", "end": "00:13:01", "text": "I'm sure were worried like hey you"}, {"start": "00:12:59", "end": "00:13:05", "text": "normally pay dividends from like your"}, {"start": "00:13:01", "end": "00:13:08", "text": "profits. This company made $100 million."}, {"start": "00:13:05", "end": "00:13:11", "text": "We are going to be paying60 million of"}, {"start": "00:13:08", "end": "00:13:14", "text": "it back to our investors. If you are"}, {"start": "00:13:11", "end": "00:13:16", "text": "billions of dollars in debt, it's a"}, {"start": "00:13:14", "end": "00:13:18", "text": "little difficult to do that. So, they"}, {"start": "00:13:16", "end": "00:13:21", "text": "came out with that statement basically"}, {"start": "00:13:18", "end": "00:13:24", "text": "letting everyone know it's cool. Don't"}, {"start": "00:13:21", "end": "00:13:26", "text": "even worry."}, {"start": "00:13:24", "end": "00:13:28", "text": "This was"}, {"start": "00:13:26", "end": "00:13:30", "text": "insanely"}, {"start": "00:13:28", "end": "00:13:33", "text": "incredibly"}, {"start": "00:13:30", "end": "00:13:36", "text": "popular news because if Micro Strategy"}, {"start": "00:13:33", "end": "00:13:40", "text": "does anything, people go completely"}, {"start": "00:13:36", "end": "00:13:44", "text": "insane and they think it's the best news"}, {"start": "00:13:40", "end": "00:13:47", "text": "ever. So, as it stands right now, I"}, {"start": "00:13:44", "end": "00:13:50", "text": "believe"}, {"start": "00:13:47", "end": "00:13:54", "text": "Micro Strategy needs another"}, {"start": "00:13:50", "end": "00:13:57", "text": "21 billion US"}, {"start": "00:13:54", "end": "00:13:59", "text": "uh to be able to have exactly a million"}, {"start": "00:13:57", "end": "00:14:02", "text": "Bitcoin. Of course, this will fluctuate"}, {"start": "00:13:59", "end": "00:14:04", "text": "as prices go up and prices go down and"}, {"start": "00:14:02", "end": "00:14:08", "text": "prices go back up. So, whatever. The"}, {"start": "00:14:04", "end": "00:14:12", "text": "last number that we heard was 22 billion"}, {"start": "00:14:08", "end": "00:14:15", "text": "that they needed to complete their 2030"}, {"start": "00:14:12", "end": "00:14:17", "text": "journey and they're very very close as"}, {"start": "00:14:15", "end": "00:14:22", "text": "they're currently doing a number of uh"}, {"start": "00:14:17", "end": "00:14:25", "text": "other fundraising rounds and they only"}, {"start": "00:14:22", "end": "00:14:29", "text": "need another 21 billion right now. Very"}, {"start": "00:14:25", "end": "00:14:31", "text": "fascinating times ahead. I wonder how"}, {"start": "00:14:29", "end": "00:14:33", "text": "many people"}, {"start": "00:14:31", "end": "00:14:36", "text": "um are remembering"}, {"start": "00:14:33", "end": "00:14:38", "text": "who the people who cheer news like this"}, {"start": "00:14:36", "end": "00:14:41", "text": "on."}, {"start": "00:14:38", "end": "00:14:43", "text": "Will you also benefit from Bitcoin"}, {"start": "00:14:41", "end": "00:14:46", "text": "rising in price or are you just hoping"}, {"start": "00:14:43", "end": "00:14:48", "text": "that their Bitcoin purchases will"}, {"start": "00:14:46", "end": "00:14:52", "text": "inflate the value of an altcoin that you"}, {"start": "00:14:48", "end": "00:14:55", "text": "bought four years ago?"}, {"start": "00:14:52", "end": "00:14:57", "text": "Just uh just throwing that out there."}, {"start": "00:14:55", "end": "00:15:01", "text": "Okie dokie."}, {"start": "00:14:57", "end": "00:15:01", "text": "Let's move on."}, {"start": "00:15:03", "end": "00:15:08", "text": "Also, in lightly popular news, this is"}, {"start": "00:15:06", "end": "00:15:12", "text": "actually quite significant and should"}, {"start": "00:15:08", "end": "00:15:13", "text": "have been way, way more popular. This"}, {"start": "00:15:12", "end": "00:15:17", "text": "should have been way more popular than"}, {"start": "00:15:13", "end": "00:15:21", "text": "the micro strategy news, but alas, what"}, {"start": "00:15:17", "end": "00:15:25", "text": "have you. I've been a huge advocate"}, {"start": "00:15:21", "end": "00:15:28", "text": "recently of um words. What kind of"}, {"start": "00:15:25", "end": "00:15:30", "text": "words, you might ask? uh words that kind"}, {"start": "00:15:28", "end": "00:15:33", "text": "of prove that something is actually"}, {"start": "00:15:30", "end": "00:15:36", "text": "happening. We"}, {"start": "00:15:33", "end": "00:15:38", "text": "keep hearing that amazing things are"}, {"start": "00:15:36", "end": "00:15:41", "text": "about to happen with Ethereum. It's it's"}, {"start": "00:15:38", "end": "00:15:43", "text": "been like a constant non-stop news"}, {"start": "00:15:41", "end": "00:15:44", "text": "thing. Everyone's buying up tons of"}, {"start": "00:15:43", "end": "00:15:48", "text": "Bitcoin. Everyone's buying tons of"}, {"start": "00:15:44", "end": "00:15:50", "text": "Ether. The Ether news revolves around"}, {"start": "00:15:48", "end": "00:15:53", "text": "that allegedly"}, {"start": "00:15:50", "end": "00:15:54", "text": "tons of banks are about to start"}, {"start": "00:15:53", "end": "00:15:57", "text": "tokenizing more. They're about to start"}, {"start": "00:15:54", "end": "00:15:58", "text": "digitizing their assets and they're"}, {"start": "00:15:57", "end": "00:16:01", "text": "going to be putting them nearly"}, {"start": "00:15:58", "end": "00:16:04", "text": "exclusively on Ethereum. That's the news"}, {"start": "00:16:01", "end": "00:16:08", "text": "that we keep getting. The secondary part"}, {"start": "00:16:04", "end": "00:16:11", "text": "has to be with for some reason 2026 is"}, {"start": "00:16:08", "end": "00:16:14", "text": "year of the stable coin. And year of the"}, {"start": "00:16:11", "end": "00:16:17", "text": "stablecoin entails that these banks are"}, {"start": "00:16:14", "end": "00:16:20", "text": "also planning to put their assets in"}, {"start": "00:16:17", "end": "00:16:23", "text": "tokenized form on top of Ethereum, but"}, {"start": "00:16:20", "end": "00:16:26", "text": "also planning to create their own stable"}, {"start": "00:16:23", "end": "00:16:30", "text": "coins and put them on top of Ethereum as"}, {"start": "00:16:26", "end": "00:16:33", "text": "well. We've had, I think, three banks"}, {"start": "00:16:30", "end": "00:16:34", "text": "thus far who have told us that they're"}, {"start": "00:16:33", "end": "00:16:38", "text": "going to do it. And since then I was"}, {"start": "00:16:34", "end": "00:16:40", "text": "like, \"Okay, we're just waiting because"}, {"start": "00:16:38", "end": "00:16:42", "text": "we heard from Tom Lee and Co.\" that"}, {"start": "00:16:40", "end": "00:16:45", "text": "there would be dozens of banks who are"}, {"start": "00:16:42", "end": "00:16:51", "text": "hankering for some Ethereum."}, {"start": "00:16:45", "end": "00:16:55", "text": "Six major Swiss banks have launched a"}, {"start": "00:16:51", "end": "00:16:59", "text": "joint pilot program to test a stable"}, {"start": "00:16:55", "end": "00:17:03", "text": "coin pegged to the Swiss Frank using"}, {"start": "00:16:59", "end": "00:17:08", "text": "Ethereum's ERC20"}, {"start": "00:17:03", "end": "00:17:11", "text": "standard. Yeah. words and names also"}, {"start": "00:17:08", "end": "00:17:13", "text": "because, you know, it's cool to hear"}, {"start": "00:17:11", "end": "00:17:16", "text": "that all these people and all these"}, {"start": "00:17:13", "end": "00:17:18", "text": "institutions are going to be using this,"}, {"start": "00:17:16", "end": "00:17:20", "text": "but as of late, we haven't had any"}, {"start": "00:17:18", "end": "00:17:24", "text": "names. We get tons of news that company"}, {"start": "00:17:20", "end": "00:17:27", "text": "bought $100 million worth of Bitcoin."}, {"start": "00:17:24", "end": "00:17:29", "text": "They just bought $220 million worth of"}, {"start": "00:17:27", "end": "00:17:31", "text": "Ether. And they go on to the news and"}, {"start": "00:17:29", "end": "00:17:34", "text": "they say, \"Yeah, banks are going to use"}, {"start": "00:17:31", "end": "00:17:35", "text": "this.\" this and I'm like"}, {"start": "00:17:34", "end": "00:17:37", "text": "okay"}, {"start": "00:17:35", "end": "00:17:40", "text": "UBS"}, {"start": "00:17:37", "end": "00:17:41", "text": "Post finance"}, {"start": "00:17:40", "end": "00:17:46", "text": "signum"}, {"start": "00:17:41", "end": "00:17:52", "text": "rife essen zusha canonal bank and bank"}, {"start": "00:17:46", "end": "00:17:56", "text": "cantonal vod the bcv are collaborating"}, {"start": "00:17:52", "end": "00:17:59", "text": "with Swiss stable coin ag to operate a"}, {"start": "00:17:56", "end": "00:18:03", "text": "regulatory sandbox that will run through"}, {"start": "00:17:59", "end": "00:18:04", "text": "the course of this year."}, {"start": "00:18:03", "end": "00:18:07", "text": "Yeah."}, {"start": "00:18:04", "end": "00:18:11", "text": "Swiss bank AG or Swiss stable coin"}, {"start": "00:18:07", "end": "00:18:13", "text": "schooza AG established the developed"}, {"start": "00:18:11", "end": "00:18:16", "text": "blockchainbased payment infrastructure"}, {"start": "00:18:13", "end": "00:18:18", "text": "for Swiss financial entities. Delivers"}, {"start": "00:18:16", "end": "00:18:20", "text": "the technical foundation underlying the"}, {"start": "00:18:18", "end": "00:18:22", "text": "tokens issuance and transaction"}, {"start": "00:18:20", "end": "00:18:24", "text": "capabilities."}, {"start": "00:18:22", "end": "00:18:28", "text": "UBS,"}, {"start": "00:18:24", "end": "00:18:30", "text": "BCV, Rif Essen and Susha Canonal Bank"}, {"start": "00:18:28", "end": "00:18:33", "text": "have already engaged in tokenized"}, {"start": "00:18:30", "end": "00:18:36", "text": "finance through the Swiss National Banks"}, {"start": "00:18:33", "end": "00:18:38", "text": "project called Helvetica"}, {"start": "00:18:36", "end": "00:18:40", "text": "which evaluated wholesale central bank"}, {"start": "00:18:38", "end": "00:18:43", "text": "digital currencies for security"}, {"start": "00:18:40", "end": "00:18:45", "text": "settlement. Experience from such"}, {"start": "00:18:43", "end": "00:18:47", "text": "initiatives is expected to strengthen"}, {"start": "00:18:45", "end": "00:18:50", "text": "the current stable coin pilots"}, {"start": "00:18:47", "end": "00:18:52", "text": "foundation. What many other countries"}, {"start": "00:18:50", "end": "00:18:54", "text": "have been doing before is they run like"}, {"start": "00:18:52", "end": "00:18:56", "text": "a what we call a sandbox. It's basically"}, {"start": "00:18:54", "end": "00:18:59", "text": "imagine like people playing in a"}, {"start": "00:18:56", "end": "00:19:00", "text": "sandbox. It's like a defined area for"}, {"start": "00:18:59", "end": "00:19:03", "text": "where things can go in and where it can"}, {"start": "00:19:00", "end": "00:19:07", "text": "go out. Some countries I've even like"}, {"start": "00:19:03", "end": "00:19:08", "text": "created literal uh like sandbox areas in"}, {"start": "00:19:07", "end": "00:19:11", "text": "their cities. They're like these four"}, {"start": "00:19:08", "end": "00:19:13", "text": "blocks, these four blocks, that's where"}, {"start": "00:19:11", "end": "00:19:15", "text": "all the crypto companies kind of have to"}, {"start": "00:19:13", "end": "00:19:18", "text": "go. They took it a little bit too"}, {"start": "00:19:15", "end": "00:19:20", "text": "literal, if you will. Uh so yeah."}, {"start": "00:19:18", "end": "00:19:22", "text": "Everyone has been testing these for a"}, {"start": "00:19:20", "end": "00:19:25", "text": "while, but the testing still continues"}, {"start": "00:19:22", "end": "00:19:28", "text": "on because you can't"}, {"start": "00:19:25", "end": "00:19:29", "text": "essentially really just jump into this"}, {"start": "00:19:28", "end": "00:19:31", "text": "kind of head first and go, \"Cool, it's"}, {"start": "00:19:29", "end": "00:19:33", "text": "going to work.\" You need assurance that"}, {"start": "00:19:31", "end": "00:19:36", "text": "other banks are going to do this as"}, {"start": "00:19:33", "end": "00:19:39", "text": "well. You cannot"}, {"start": "00:19:36", "end": "00:19:41", "text": "do this by yourself because the the"}, {"start": "00:19:39", "end": "00:19:44", "text": "problem is and this is still in the news"}, {"start": "00:19:41", "end": "00:19:46", "text": "every now and again. JP Morgan created"}, {"start": "00:19:44", "end": "00:19:48", "text": "their own coin and they still have it"}, {"start": "00:19:46", "end": "00:19:50", "text": "and they're currently trying to bully"}, {"start": "00:19:48", "end": "00:19:52", "text": "Yeah, this is a thing. They're trying to"}, {"start": "00:19:50", "end": "00:19:56", "text": "bully other banks around the world into"}, {"start": "00:19:52", "end": "00:19:57", "text": "using JP Morgancoin."}, {"start": "00:19:56", "end": "00:20:00", "text": "The problem is is that no other bank"}, {"start": "00:19:57", "end": "00:20:02", "text": "wants to use JP Morgan coin because you"}, {"start": "00:20:00", "end": "00:20:04", "text": "would essentially be bending the knee to"}, {"start": "00:20:02", "end": "00:20:07", "text": "JP Morgan. So then every bank was"}, {"start": "00:20:04", "end": "00:20:08", "text": "talking about creating their own coin"}, {"start": "00:20:07", "end": "00:20:11", "text": "but they were doing it on forked"}, {"start": "00:20:08", "end": "00:20:12", "text": "versions of Ethereum. They were forking"}, {"start": "00:20:11", "end": "00:20:14", "text": "this chain. They were making their own"}, {"start": "00:20:12", "end": "00:20:15", "text": "chain and then they sat down and they"}, {"start": "00:20:14", "end": "00:20:17", "text": "were like, \"Oh yeah, none of these are"}, {"start": "00:20:15", "end": "00:20:20", "text": "none of these are interoperable. You"}, {"start": "00:20:17", "end": "00:20:24", "text": "can't use them together.\" So the"}, {"start": "00:20:20", "end": "00:20:27", "text": "standards that we've heard thus far to"}, {"start": "00:20:24", "end": "00:20:30", "text": "be used by the majority is apparently"}, {"start": "00:20:27", "end": "00:20:33", "text": "things within Ethereum. That's the ERC20"}, {"start": "00:20:30", "end": "00:20:36", "text": "token standard. Any coin on top of"}, {"start": "00:20:33", "end": "00:20:39", "text": "Ethereum is usually"}, {"start": "00:20:36", "end": "00:20:40", "text": "is usually an ERC20."}, {"start": "00:20:39", "end": "00:20:43", "text": "And this is what's currently happening"}, {"start": "00:20:40", "end": "00:20:44", "text": "right now. So yeah, we finally got"}, {"start": "00:20:43", "end": "00:20:46", "text": "names. And these are also major"}, {"start": "00:20:44", "end": "00:20:48", "text": "institutions. These aren't like you know"}, {"start": "00:20:46", "end": "00:20:51", "text": "like oh wow that's kind of no these are"}, {"start": "00:20:48", "end": "00:20:53", "text": "like gigantic entities who are going to"}, {"start": "00:20:51", "end": "00:20:55", "text": "be doing this I assume it will take a"}, {"start": "00:20:53", "end": "00:20:57", "text": "couple of months we will hear exactly"}, {"start": "00:20:55", "end": "00:21:01", "text": "what ends up working out you also need"}, {"start": "00:20:57", "end": "00:21:03", "text": "other coins I mean other banks as well"}, {"start": "00:21:01", "end": "00:21:04", "text": "also building on top of Ethereum that's"}, {"start": "00:21:03", "end": "00:21:06", "text": "why I've been telling you before like"}, {"start": "00:21:04", "end": "00:21:08", "text": "the news that we get is the news that we"}, {"start": "00:21:06", "end": "00:21:11", "text": "get if we're hearing these banks talk"}, {"start": "00:21:08", "end": "00:21:13", "text": "about one particular chain that's what"}, {"start": "00:21:11", "end": "00:21:14", "text": "ends up in the news if they talk about"}, {"start": "00:21:13", "end": "00:21:17", "text": "another chain that will end up in the"}, {"start": "00:21:14", "end": "00:21:21", "text": "news, but as of late,"}, {"start": "00:21:17", "end": "00:21:23", "text": "we have only heard, I think, once about"}, {"start": "00:21:21", "end": "00:21:25", "text": "Salana."}, {"start": "00:21:23", "end": "00:21:28", "text": "There has been nothing else except for"}, {"start": "00:21:25", "end": "00:21:31", "text": "Ethereum banking news, Ethereum"}, {"start": "00:21:28", "end": "00:21:33", "text": "tokenization news, and Ethereum stable"}, {"start": "00:21:31", "end": "00:21:35", "text": "coin news. We had something months ago"}, {"start": "00:21:33", "end": "00:21:38", "text": "for XRP."}, {"start": "00:21:35", "end": "00:21:41", "text": "Since then, we have not had unless"}, {"start": "00:21:38", "end": "00:21:43", "text": "something has happened like right now."}, {"start": "00:21:41", "end": "00:21:46", "text": "We haven't had any news about other"}, {"start": "00:21:43", "end": "00:21:48", "text": "banks for XRP either. So, yeah, we got"}, {"start": "00:21:46", "end": "00:21:53", "text": "some names. It's kind of nice to see"}, {"start": "00:21:48", "end": "00:21:57", "text": "because we get a a lot of news from"}, {"start": "00:21:53", "end": "00:21:59", "text": "companies and big wigs um announcing"}, {"start": "00:21:57", "end": "00:22:01", "text": "that Ethereum is going to be the best"}, {"start": "00:21:59", "end": "00:22:04", "text": "chain ever. They're expecting a $10,000"}, {"start": "00:22:01", "end": "00:22:06", "text": "Ether by the the end of this year. And"}, {"start": "00:22:04", "end": "00:22:09", "text": "then you sit there and go, \"Oh, that's"}, {"start": "00:22:06", "end": "00:22:12", "text": "that's cool, but who's who's using it?"}, {"start": "00:22:09", "end": "00:22:14", "text": "Who's actually doing something?\" So,"}, {"start": "00:22:12", "end": "00:22:17", "text": "yeah, it'll be a pilot. Let's see what"}, {"start": "00:22:14", "end": "00:22:19", "text": "ends up happening. There's supposedly"}, {"start": "00:22:17", "end": "00:22:20", "text": "18 other banks doing the exact same"}, {"start": "00:22:19", "end": "00:22:25", "text": "thing. At some point, they have to"}, {"start": "00:22:20", "end": "00:22:29", "text": "announce it as well. That's the Ethereum"}, {"start": "00:22:25", "end": "00:22:31", "text": "Swiss banks news."}, {"start": "00:22:29", "end": "00:22:34", "text": "And yeah,"}, {"start": "00:22:31", "end": "00:22:34", "text": "let's move on."}, {"start": "00:22:35", "end": "00:22:41", "text": "also in is tying into it. This is this"}, {"start": "00:22:38", "end": "00:22:43", "text": "is the same kind of thing. Everyone"}, {"start": "00:22:41", "end": "00:22:47", "text": "seems convinced that Ethereum is about"}, {"start": "00:22:43", "end": "00:22:49", "text": "to go completely parabolic because of"}, {"start": "00:22:47", "end": "00:22:52", "text": "all the news that we've been getting. I"}, {"start": "00:22:49", "end": "00:22:56", "text": "told you multiple times already. It does"}, {"start": "00:22:52", "end": "00:23:00", "text": "seem a little weird, at least to me, how"}, {"start": "00:22:56", "end": "00:23:02", "text": "low prices still are. We have had about"}, {"start": "00:23:00", "end": "00:23:04", "text": "a good 7x"}, {"start": "00:23:02", "end": "00:23:07", "text": "easy."}, {"start": "00:23:04", "end": "00:23:10", "text": "7x in adoption since last like summer"}, {"start": "00:23:07", "end": "00:23:13", "text": "alone. Think of all the companies, all"}, {"start": "00:23:10", "end": "00:23:15", "text": "the institutions, all the banks, all the"}, {"start": "00:23:13", "end": "00:23:19", "text": "news we've been getting. It does feel a"}, {"start": "00:23:15", "end": "00:23:22", "text": "bit odd that prices are still this low."}, {"start": "00:23:19", "end": "00:23:25", "text": "An analyst on Twitter has made a bold"}, {"start": "00:23:22", "end": "00:23:27", "text": "claim on Ethereum,"}, {"start": "00:23:25", "end": "00:23:31", "text": "stating that the asset is on the verge"}, {"start": "00:23:27", "end": "00:23:34", "text": "of a parabolic move. The claim is based"}, {"start": "00:23:31", "end": "00:23:37", "text": "on a golden triangle formation on the"}, {"start": "00:23:34", "end": "00:23:40", "text": "chart. A setup that shows a breakout"}, {"start": "00:23:37", "end": "00:23:43", "text": "could be approaching for the leading"}, {"start": "00:23:40", "end": "00:23:46", "text": "altcoin. This approaching breakout could"}, {"start": "00:23:43", "end": "00:23:52", "text": "also serve as the driving force for a"}, {"start": "00:23:46", "end": "00:23:56", "text": "broader altcoin market rally. Um, if"}, {"start": "00:23:52", "end": "00:23:58", "text": "we are getting a uh"}, {"start": "00:23:56", "end": "00:24:01", "text": "Tom Lee $22,000"}, {"start": "00:23:58", "end": "00:24:04", "text": "Ether this year, prices are going to"}, {"start": "00:24:01", "end": "00:24:07", "text": "start to have to pick up like any day"}, {"start": "00:24:04", "end": "00:24:09", "text": "now. Uh it has been predicted that by"}, {"start": "00:24:07", "end": "00:24:12", "text": "summertime"}, {"start": "00:24:09", "end": "00:24:15", "text": "we would have between a 7 to $9,000"}, {"start": "00:24:12", "end": "00:24:18", "text": "ether. And I say it's not that it"}, {"start": "00:24:15", "end": "00:24:21", "text": "doesn't sound believable, but prices"}, {"start": "00:24:18", "end": "00:24:23", "text": "moving up would definitely help that"}, {"start": "00:24:21", "end": "00:24:26", "text": "narrative. uh people online, I don't"}, {"start": "00:24:23", "end": "00:24:28", "text": "know if you've seen it, whether it be on"}, {"start": "00:24:26", "end": "00:24:29", "text": "YouTube, whether it be through articles,"}, {"start": "00:24:28", "end": "00:24:31", "text": "whether it be on Twitter, whether it be"}, {"start": "00:24:29", "end": "00:24:34", "text": "through Reddit, everyone's sharing"}, {"start": "00:24:31", "end": "00:24:36", "text": "charts, everyone's showing some kind of"}, {"start": "00:24:34", "end": "00:24:38", "text": "a thing. Also, the AI thing we were"}, {"start": "00:24:36", "end": "00:24:43", "text": "talking about as well. People fed all"}, {"start": "00:24:38", "end": "00:24:45", "text": "this information into AI. and the AI,"}, {"start": "00:24:43", "end": "00:24:50", "text": "oddly enough,"}, {"start": "00:24:45", "end": "00:24:53", "text": "came up with the exact same numbers"}, {"start": "00:24:50", "end": "00:24:57", "text": "as the analyst did. So, if we are"}, {"start": "00:24:53", "end": "00:25:02", "text": "getting to a $22,000 Ether this year, we"}, {"start": "00:24:57", "end": "00:25:05", "text": "should be around 89 $10,000 per Ether by"}, {"start": "00:25:02", "end": "00:25:08", "text": "the next couple of months, in the next"}, {"start": "00:25:05", "end": "00:25:10", "text": "three months, especially with all of"}, {"start": "00:25:08", "end": "00:25:14", "text": "this activity. Uh here's a chart right"}, {"start": "00:25:10", "end": "00:25:16", "text": "here and it's like cool. For those of"}, {"start": "00:25:14", "end": "00:25:18", "text": "you not looking at the screen, I know it"}, {"start": "00:25:16", "end": "00:25:21", "text": "seems a little bit wonky and the image"}, {"start": "00:25:18", "end": "00:25:24", "text": "is also quite tiny, especially even from"}, {"start": "00:25:21", "end": "00:25:27", "text": "my vantage point. It's basically showing"}, {"start": "00:25:24", "end": "00:25:31", "text": "by some early 2027,"}, {"start": "00:25:27", "end": "00:25:36", "text": "we're around a $15,000 ether. And"}, {"start": "00:25:31", "end": "00:25:40", "text": "according to the triangle golden move up"}, {"start": "00:25:36", "end": "00:25:42", "text": "bounce off by the time we get to the end"}, {"start": "00:25:40", "end": "00:25:45", "text": "of 2027."}, {"start": "00:25:42", "end": "00:25:48", "text": "This is this is the 2027's right here"}, {"start": "00:25:45", "end": "00:25:51", "text": "and this would be 2027 and this would be"}, {"start": "00:25:48", "end": "00:25:56", "text": "this line right here is the end of 2027."}, {"start": "00:25:51", "end": "00:25:58", "text": "That is a It's over a $50,000 ether"}, {"start": "00:25:56", "end": "00:26:01", "text": "just as a"}, {"start": "00:25:58", "end": "00:26:05", "text": "This is what the chart shows, which"}, {"start": "00:26:01", "end": "00:26:07", "text": "also, oddly enough, lines up as well"}, {"start": "00:26:05", "end": "00:26:13", "text": "with the $100,000"}, {"start": "00:26:07", "end": "00:26:16", "text": "Ether by the time we get to 2030."}, {"start": "00:26:13", "end": "00:26:18", "text": "Yeah, daily. Daily we are hearing about"}, {"start": "00:26:16", "end": "00:26:20", "text": "these things. I mean, I don't mind"}, {"start": "00:26:18", "end": "00:26:23", "text": "hearing about great fortunes and where"}, {"start": "00:26:20", "end": "00:26:28", "text": "the cryptocurrency space is going to go,"}, {"start": "00:26:23", "end": "00:26:31", "text": "but as I stated in in 2018 and in 2020"}, {"start": "00:26:28", "end": "00:26:35", "text": "and 2022, at at some point the market"}, {"start": "00:26:31", "end": "00:26:37", "text": "does have to actually make sense whether"}, {"start": "00:26:35", "end": "00:26:40", "text": "it be for institutions or whether it be"}, {"start": "00:26:37", "end": "00:26:43", "text": "for retail investors. Retail investors"}, {"start": "00:26:40", "end": "00:26:46", "text": "are believed to be uh one of the main"}, {"start": "00:26:43", "end": "00:26:48", "text": "driving forces for asset prices in"}, {"start": "00:26:46", "end": "00:26:51", "text": "general. If an asset price goes up and"}, {"start": "00:26:48", "end": "00:26:54", "text": "begins to really fly, retail rushes back"}, {"start": "00:26:51", "end": "00:26:56", "text": "into it. Retail ends up subsequently,"}, {"start": "00:26:54", "end": "00:26:57", "text": "pushing hundreds of millions and"}, {"start": "00:26:56", "end": "00:27:00", "text": "billions of dollars into the market,"}, {"start": "00:26:57", "end": "00:27:02", "text": "causing higher valuations. The price"}, {"start": "00:27:00", "end": "00:27:06", "text": "tends to go higher, that kind of thing."}, {"start": "00:27:02", "end": "00:27:09", "text": "And as of late, retail investors slowly"}, {"start": "00:27:06", "end": "00:27:11", "text": "began to reenter the market a like a"}, {"start": "00:27:09", "end": "00:27:12", "text": "month ago, somewhere around there. we"}, {"start": "00:27:11", "end": "00:27:15", "text": "got indications that we were seeing um"}, {"start": "00:27:12", "end": "00:27:17", "text": "you can find it on Google trends when"}, {"start": "00:27:15", "end": "00:27:20", "text": "more people are literally googling how"}, {"start": "00:27:17", "end": "00:27:23", "text": "do I buy Bitcoin? Should I buy Bitcoin?"}, {"start": "00:27:20", "end": "00:27:24", "text": "Is Bitcoin a good investment? And like"}, {"start": "00:27:23", "end": "00:27:27", "text": "and they're looking for like Bitcoin"}, {"start": "00:27:24", "end": "00:27:29", "text": "news on Google then the trend mark"}, {"start": "00:27:27", "end": "00:27:31", "text": "points upward obviously and it shows"}, {"start": "00:27:29", "end": "00:27:33", "text": "that the price is probably moving higher"}, {"start": "00:27:31", "end": "00:27:37", "text": "because millions of people are now"}, {"start": "00:27:33", "end": "00:27:40", "text": "looking to buy into the asset."}, {"start": "00:27:37", "end": "00:27:44", "text": "So yeah, the companies are accumulating"}, {"start": "00:27:40", "end": "00:27:47", "text": "in mass once again. Uh there seems to be"}, {"start": "00:27:44", "end": "00:27:49", "text": "something happening with the clarity act"}, {"start": "00:27:47", "end": "00:27:50", "text": "and all these other things and everyone"}, {"start": "00:27:49", "end": "00:27:51", "text": "thinks it's going to pass and everyone"}, {"start": "00:27:50", "end": "00:27:54", "text": "thinks this is going to happen and this"}, {"start": "00:27:51", "end": "00:27:57", "text": "is going to be at some point if we are"}, {"start": "00:27:54", "end": "00:27:59", "text": "to receive these gargantuan valuations"}, {"start": "00:27:57", "end": "00:28:03", "text": "for these coins"}, {"start": "00:27:59", "end": "00:28:07", "text": "prices do have to actually uh move up."}, {"start": "00:28:03", "end": "00:28:11", "text": "Yeah, I think that is going to do it for"}, {"start": "00:28:07", "end": "00:28:14", "text": "this video. How's everyone doing? How"}, {"start": "00:28:11", "end": "00:28:16", "text": "have you been? What's new? I know a lot"}, {"start": "00:28:14", "end": "00:28:19", "text": "is going on and I know I say that same"}, {"start": "00:28:16", "end": "00:28:22", "text": "phrase every video. It's because it is."}, {"start": "00:28:19", "end": "00:28:24", "text": "Every 24 hours there seems to be a lot."}, {"start": "00:28:22", "end": "00:28:26", "text": "I have a lot of friends who are going"}, {"start": "00:28:24", "end": "00:28:28", "text": "through a lot of stuff right now."}, {"start": "00:28:26", "end": "00:28:31", "text": "There's just so much taking place at the"}, {"start": "00:28:28", "end": "00:28:35", "text": "exact same time revolving around money"}, {"start": "00:28:31", "end": "00:28:37", "text": "and all these other kinds of things. So,"}, {"start": "00:28:35", "end": "00:28:40", "text": "uh, everyone remember to save, remember"}, {"start": "00:28:37", "end": "00:28:44", "text": "to have, um, investments and have stuff"}, {"start": "00:28:40", "end": "00:28:47", "text": "that you can lean back on in case of"}, {"start": "00:28:44", "end": "00:28:49", "text": "life. Um, hope you've all enjoyed. Hope"}, {"start": "00:28:47", "end": "00:28:51", "text": "you all are having a great day, a great"}, {"start": "00:28:49", "end": "00:28:52", "text": "morning, a great afternoon, a great"}, {"start": "00:28:51", "end": "00:28:53", "text": "evening, wherever you are, wherever you"}, {"start": "00:28:52", "end": "00:28:56", "text": "might be. I do hope it's absolutely"}, {"start": "00:28:53", "end": "00:28:57", "text": "fantastic. Uh, thank you all once again"}, {"start": "00:28:56", "end": "00:29:01", "text": "for watching, listening, liking,"}, {"start": "00:28:57", "end": "00:29:03", "text": "commenting, and supporting. And I will"}, {"start": "00:29:01", "end": "00:29:05", "text": "most certainly be talking to you all"}, {"start": "00:29:03", "end": "00:29:09", "text": "soon."}, {"start": "00:29:05", "end": "00:29:09", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video. Hope"}, {"start": "00:00:09", "end": "00:00:15", "text": "you're all doing well."}, {"start": "00:00:12", "end": "00:00:17", "text": "Hope you're all remembering to invest."}, {"start": "00:00:15", "end": "00:00:19", "text": "Yeah, I'm going to keep saying it"}, {"start": "00:00:17", "end": "00:00:22", "text": "because it's very important. I saw some"}, {"start": "00:00:19", "end": "00:00:24", "text": "people uh I don't know who these people"}, {"start": "00:00:22", "end": "00:00:26", "text": "are. If if you have if you're just"}, {"start": "00:00:24", "end": "00:00:28", "text": "having a bad day, maybe just don't"}, {"start": "00:00:26", "end": "00:00:30", "text": "comment. I've been I've been I've been"}, {"start": "00:00:28", "end": "00:00:33", "text": "saying recently at the beginning of"}, {"start": "00:00:30", "end": "00:00:35", "text": "videos, uh, I hope everyone's investing."}, {"start": "00:00:33", "end": "00:00:38", "text": "I hope you're all saving money. Hope"}, {"start": "00:00:35", "end": "00:00:40", "text": "you're all doing great. Apparently,"}, {"start": "00:00:38", "end": "00:00:42", "text": "that's that's bad to say. A lot of"}, {"start": "00:00:40", "end": "00:00:45", "text": "people don't like the fact that I'm"}, {"start": "00:00:42", "end": "00:00:47", "text": "telling people that they should be uh"}, {"start": "00:00:45", "end": "00:00:51", "text": "preparing themselves financially for the"}, {"start": "00:00:47", "end": "00:00:53", "text": "future and that they, you know, I I hope"}, {"start": "00:00:51", "end": "00:00:56", "text": "you're all having a wonderful day. How"}, {"start": "00:00:53", "end": "00:00:58", "text": "taboo, right? So, I've seen some"}, {"start": "00:00:56", "end": "00:01:01", "text": "negative comments, but uh circling"}, {"start": "00:00:58", "end": "00:01:04", "text": "around that, don't forget to invest."}, {"start": "00:01:01", "end": "00:01:06", "text": "Don't forget to save money. Uh it's okay"}, {"start": "00:01:04", "end": "00:01:08", "text": "to not buy the brand new shiny thing"}, {"start": "00:01:06", "end": "00:01:10", "text": "that you want to buy so that you can"}, {"start": "00:01:08", "end": "00:01:13", "text": "have money uh as you move into your"}, {"start": "00:01:10", "end": "00:01:16", "text": "golden years. Uh don't forget to follow"}, {"start": "00:01:13", "end": "00:01:19", "text": "me on um online."}, {"start": "00:01:16", "end": "00:01:23", "text": "There are links in the description below"}, {"start": "00:01:19", "end": "00:01:26", "text": "the video. Without any further ado, I"}, {"start": "00:01:23", "end": "00:01:30", "text": "guess let's jump right into it. We have"}, {"start": "00:01:26", "end": "00:01:34", "text": "had some very interesting weeks."}, {"start": "00:01:30", "end": "00:01:38", "text": "World events continue to circle,"}, {"start": "00:01:34", "end": "00:01:41", "text": "scramble, move around, influence,"}, {"start": "00:01:38", "end": "00:01:45", "text": "throw up and down the cryptocurrency"}, {"start": "00:01:41", "end": "00:01:50", "text": "market and prices. We have had a lot of"}, {"start": "00:01:45", "end": "00:01:52", "text": "news recently regarding where prices are"}, {"start": "00:01:50", "end": "00:01:54", "text": "supposed"}, {"start": "00:01:52", "end": "00:01:56", "text": "to be."}, {"start": "00:01:54", "end": "00:02:00", "text": "If you managed to miss those videos in"}, {"start": "00:01:56", "end": "00:02:04", "text": "the last couple of weeks, we have had a"}, {"start": "00:02:00", "end": "00:02:07", "text": "a plethora, dare I say, of of news"}, {"start": "00:02:04", "end": "00:02:13", "text": "regarding companies saying Bitcoin is"}, {"start": "00:02:07", "end": "00:02:15", "text": "going to 180,000. We're expecting"}, {"start": "00:02:13", "end": "00:02:19", "text": "a $260,000"}, {"start": "00:02:15", "end": "00:02:21", "text": "Bitcoin, Ethereum going to 10,000. If"}, {"start": "00:02:19", "end": "00:02:24", "text": "you follow my other channel, uh, Money"}, {"start": "00:02:21", "end": "00:02:26", "text": "Rules, there's a link as well in the"}, {"start": "00:02:24", "end": "00:02:29", "text": "description below. There was also"}, {"start": "00:02:26", "end": "00:02:33", "text": "recently a a very big popular article"}, {"start": "00:02:29", "end": "00:02:36", "text": "popping up. People are putting um"}, {"start": "00:02:33", "end": "00:02:39", "text": "cryptocurrency market information into"}, {"start": "00:02:36", "end": "00:02:42", "text": "AI, as you would imagine. We're in the"}, {"start": "00:02:39", "end": "00:02:45", "text": "future. And the weird part is is that"}, {"start": "00:02:42", "end": "00:02:47", "text": "the AI is coming up with the exact same"}, {"start": "00:02:45", "end": "00:02:49", "text": "numbers"}, {"start": "00:02:47", "end": "00:02:52", "text": "as these companies and institutions have"}, {"start": "00:02:49", "end": "00:02:56", "text": "been throwing our way since around"}, {"start": "00:02:52", "end": "00:02:58", "text": "February. Everyone's kind of in the mood"}, {"start": "00:02:56", "end": "00:03:02", "text": "for"}, {"start": "00:02:58", "end": "00:03:05", "text": "understanding that cryptocurrency prices"}, {"start": "00:03:02", "end": "00:03:07", "text": "and markets in general should be a lot"}, {"start": "00:03:05", "end": "00:03:10", "text": "higher than where they currently are."}, {"start": "00:03:07", "end": "00:03:12", "text": "It's just kind of a a matter of time, if"}, {"start": "00:03:10", "end": "00:03:15", "text": "you will. But it feels like we've"}, {"start": "00:03:12", "end": "00:03:18", "text": "definitely gotten to that point. News"}, {"start": "00:03:15", "end": "00:03:20", "text": "surrounding the the Clarity Act and"}, {"start": "00:03:18", "end": "00:03:23", "text": "these companies announcing, yeah, you"}, {"start": "00:03:20", "end": "00:03:26", "text": "know, we're raising $22 billion so that"}, {"start": "00:03:23", "end": "00:03:29", "text": "we can get to a million Bitcoin. This is"}, {"start": "00:03:26", "end": "00:03:31", "text": "all within the last like six weeks."}, {"start": "00:03:29", "end": "00:03:35", "text": "It it it all feels like it's being"}, {"start": "00:03:31", "end": "00:03:41", "text": "forced into the center, coiling itself,"}, {"start": "00:03:35", "end": "00:03:45", "text": "if you will, getting ready to uh spring."}, {"start": "00:03:41", "end": "00:03:48", "text": "In very popular news today, and I know"}, {"start": "00:03:45", "end": "00:03:52", "text": "why it's popular, and then I I found the"}, {"start": "00:03:48", "end": "00:03:54", "text": "other thing, but stay with me here."}, {"start": "00:03:52", "end": "00:03:58", "text": "Everyone's trying to figure out where"}, {"start": "00:03:54", "end": "00:04:00", "text": "prices are going to go. Got it. Cool."}, {"start": "00:03:58", "end": "00:04:03", "text": "There's an expectation"}, {"start": "00:04:00", "end": "00:04:08", "text": "that this year we are going to see a"}, {"start": "00:04:03", "end": "00:04:10", "text": "$10,000 Ether. Why 10,000? Cuz it sounds"}, {"start": "00:04:08", "end": "00:04:12", "text": "cool. That's the number that we keep"}, {"start": "00:04:10", "end": "00:04:14", "text": "hearing about banks and institutions and"}, {"start": "00:04:12", "end": "00:04:16", "text": "stable coins and everything else."}, {"start": "00:04:14", "end": "00:04:19", "text": "Tokenization"}, {"start": "00:04:16", "end": "00:04:23", "text": "happening on that chain. Bitcoin is"}, {"start": "00:04:19", "end": "00:04:26", "text": "expected to go well above six figures"}, {"start": "00:04:23", "end": "00:04:29", "text": "into the 200,000 plus range. And we've"}, {"start": "00:04:26", "end": "00:04:33", "text": "heard some predictions for XRP this year"}, {"start": "00:04:29", "end": "00:04:35", "text": "as well. The most intense"}, {"start": "00:04:33", "end": "00:04:38", "text": "being $1,000. I don't know where that"}, {"start": "00:04:35", "end": "00:04:40", "text": "person got that number from. However,"}, {"start": "00:04:38", "end": "00:04:47", "text": "there's a huge amount of weight on the"}, {"start": "00:04:40", "end": "00:04:53", "text": "back of Ripple and XRP regarding if"}, {"start": "00:04:47", "end": "00:04:57", "text": "XRP is going to go to $10 this year."}, {"start": "00:04:53", "end": "00:04:59", "text": "It says, \"For years, many have viewed"}, {"start": "00:04:57", "end": "00:05:02", "text": "XRP through the lens of price"}, {"start": "00:04:59", "end": "00:05:04", "text": "speculation, hoping it would remain"}, {"start": "00:05:02", "end": "00:05:08", "text": "cheap long enough to accumulate massive"}, {"start": "00:05:04", "end": "00:05:11", "text": "holdings. There were people years ago. I"}, {"start": "00:05:08", "end": "00:05:14", "text": "mean, I assume they're still around who"}, {"start": "00:05:11", "end": "00:05:16", "text": "really wanted XRP to go back to like 2"}, {"start": "00:05:14", "end": "00:05:20", "text": "cents so that they could accumulate"}, {"start": "00:05:16", "end": "00:05:22", "text": "more. It's kind of because they didn't"}, {"start": "00:05:20", "end": "00:05:23", "text": "buy any when it was less than a penny."}, {"start": "00:05:22", "end": "00:05:26", "text": "It's the same thing with Dogecoin. It's"}, {"start": "00:05:23", "end": "00:05:27", "text": "it's it's kind of I mean, same thing"}, {"start": "00:05:26", "end": "00:05:30", "text": "with Bitcoin if we can be honest. You"}, {"start": "00:05:27", "end": "00:05:32", "text": "you saw that the price was cheap. You"}, {"start": "00:05:30", "end": "00:05:35", "text": "didn't buy in. You didn't expect prices"}, {"start": "00:05:32", "end": "00:05:37", "text": "to go up. Prices go up. People go, \"Oh,"}, {"start": "00:05:35", "end": "00:05:40", "text": "I want the price to go back down.\" So"}, {"start": "00:05:37", "end": "00:05:42", "text": "XRP remained what was it like 20 cents"}, {"start": "00:05:40", "end": "00:05:45", "text": "or something for like a good couple of"}, {"start": "00:05:42", "end": "00:05:47", "text": "years. As I always say, everyone keeps"}, {"start": "00:05:45", "end": "00:05:50", "text": "wishing for lower prices. I hope you all"}, {"start": "00:05:47", "end": "00:05:52", "text": "accumulated"}, {"start": "00:05:50", "end": "00:05:53", "text": "sincerely. Everyone has this kind of"}, {"start": "00:05:52", "end": "00:05:56", "text": "thing that they go through where they"}, {"start": "00:05:53", "end": "00:05:57", "text": "want prices to go lower. Your prayers"}, {"start": "00:05:56", "end": "00:06:00", "text": "end up being answered. We have lower"}, {"start": "00:05:57", "end": "00:06:02", "text": "prices for three years. And I'm like, I"}, {"start": "00:06:00", "end": "00:06:03", "text": "hope you took advantage."}, {"start": "00:06:02", "end": "00:06:06", "text": "However,"}, {"start": "00:06:03", "end": "00:06:09", "text": "David Schwarz, I believe he's the is he"}, {"start": "00:06:06", "end": "00:06:12", "text": "the CTO of Ripple, I don't remember, is"}, {"start": "00:06:09", "end": "00:06:13", "text": "pushing back on the narrative of a cheap"}, {"start": "00:06:12", "end": "00:06:16", "text": "XRP,"}, {"start": "00:06:13", "end": "00:06:19", "text": "making it clear"}, {"start": "00:06:16", "end": "00:06:24", "text": "that XRP was never designed to stay"}, {"start": "00:06:19", "end": "00:06:27", "text": "cheap. Instead, its value is deeply tied"}, {"start": "00:06:24", "end": "00:06:30", "text": "to its role as a high efficiency bridge"}, {"start": "00:06:27", "end": "00:06:34", "text": "asset for global payments where utility"}, {"start": "00:06:30", "end": "00:06:36", "text": "drives longterm pricing. So, so"}, {"start": "00:06:34", "end": "00:06:38", "text": "understand this one thing. There was a"}, {"start": "00:06:36", "end": "00:06:40", "text": "bit of speculation from Bitcoin"}, {"start": "00:06:38", "end": "00:06:42", "text": "maximalists who were just trying to"}, {"start": "00:06:40", "end": "00:06:44", "text": "spread negativity"}, {"start": "00:06:42", "end": "00:06:47", "text": "that XRP actually had to remain low in"}, {"start": "00:06:44", "end": "00:06:49", "text": "price for people to want it and for it"}, {"start": "00:06:47", "end": "00:06:51", "text": "to be used. That doesn't make any sense"}, {"start": "00:06:49", "end": "00:06:53", "text": "because even if Bitcoin is at a million"}, {"start": "00:06:51", "end": "00:06:55", "text": "dollars, people are still going to want"}, {"start": "00:06:53", "end": "00:06:58", "text": "it and they're still going to use it. Uh"}, {"start": "00:06:55", "end": "00:07:00", "text": "we this is this is like a rehatching of"}, {"start": "00:06:58", "end": "00:07:03", "text": "something from years ago. That's what I"}, {"start": "00:07:00", "end": "00:07:06", "text": "found interesting about this and people"}, {"start": "00:07:03", "end": "00:07:10", "text": "have rebrought back up the conversation."}, {"start": "00:07:06", "end": "00:07:12", "text": "It's the idea that like many currencies"}, {"start": "00:07:10", "end": "00:07:14", "text": "or things, the value of it is never"}, {"start": "00:07:12", "end": "00:07:16", "text": "meant to remain low. It kind of gets"}, {"start": "00:07:14", "end": "00:07:18", "text": "released. It happens. The same thing"}, {"start": "00:07:16", "end": "00:07:20", "text": "with art. Same thing with real estate."}, {"start": "00:07:18", "end": "00:07:23", "text": "The valuation of it just tends to go up"}, {"start": "00:07:20", "end": "00:07:26", "text": "over time based off of need and desire"}, {"start": "00:07:23", "end": "00:07:27", "text": "and speculation and and supply and"}, {"start": "00:07:26", "end": "00:07:30", "text": "demand"}, {"start": "00:07:27", "end": "00:07:32", "text": "dynamics. It's the same thing for all"}, {"start": "00:07:30", "end": "00:07:34", "text": "these different coins. There's a huge"}, {"start": "00:07:32", "end": "00:07:39", "text": "difference in a company trying to send"}, {"start": "00:07:34", "end": "00:07:43", "text": "money and they have to send 28,300"}, {"start": "00:07:39", "end": "00:07:46", "text": "ether to make a transaction as opposed"}, {"start": "00:07:43", "end": "00:07:49", "text": "to the company having to send a third of"}, {"start": "00:07:46", "end": "00:07:52", "text": "an ether to do the exact same"}, {"start": "00:07:49", "end": "00:07:54", "text": "transaction. So all these coins in"}, {"start": "00:07:52", "end": "00:07:57", "text": "essence like they're backed by companies"}, {"start": "00:07:54", "end": "00:07:59", "text": "the Ethereum Foundation by Ripple by"}, {"start": "00:07:57", "end": "00:08:01", "text": "Blockstream and the Bitcoin Foundation"}, {"start": "00:07:59", "end": "00:08:02", "text": "and like a million other things. They"}, {"start": "00:08:01", "end": "00:08:04", "text": "all have some kind of a foundation"}, {"start": "00:08:02", "end": "00:08:07", "text": "behind them. None of these things are"}, {"start": "00:08:04", "end": "00:08:09", "text": "meant to remain low price. This why a"}, {"start": "00:08:07", "end": "00:08:10", "text": "lot of times you'll hear me say like"}, {"start": "00:08:09", "end": "00:08:13", "text": "prices won't remain this low forever."}, {"start": "00:08:10", "end": "00:08:15", "text": "Like it's it's actually"}, {"start": "00:08:13", "end": "00:08:17", "text": "according to news that we've been"}, {"start": "00:08:15", "end": "00:08:19", "text": "getting it's meant to be a near"}, {"start": "00:08:17", "end": "00:08:21", "text": "impossibility."}, {"start": "00:08:19", "end": "00:08:25", "text": "If we are meant to see three billion"}, {"start": "00:08:21", "end": "00:08:28", "text": "people using Bitcoin on the front end,"}, {"start": "00:08:25", "end": "00:08:32", "text": "this implies a million dollar coin. If"}, {"start": "00:08:28", "end": "00:08:35", "text": "we are supposed to see 24 banks and"}, {"start": "00:08:32", "end": "00:08:37", "text": "institutions and companies using XRP and"}, {"start": "00:08:35", "end": "00:08:39", "text": "buying it and staking it and putting it"}, {"start": "00:08:37", "end": "00:08:43", "text": "in different DeFi protocols, that"}, {"start": "00:08:39", "end": "00:08:45", "text": "constitutes a a higher price of of"}, {"start": "00:08:43", "end": "00:08:47", "text": "sorts."}, {"start": "00:08:45", "end": "00:08:50", "text": "This outlook comes as SBI deepens its"}, {"start": "00:08:47", "end": "00:08:52", "text": "collaboration with Ripple, exploring new"}, {"start": "00:08:50", "end": "00:08:55", "text": "initiatives, including the stable coin"}, {"start": "00:08:52", "end": "00:08:57", "text": "integration and blockchainbased bond"}, {"start": "00:08:55", "end": "00:09:00", "text": "solutions. Everyone's digitizing their"}, {"start": "00:08:57", "end": "00:09:02", "text": "bonds. Everyone's tokenizing their"}, {"start": "00:09:00", "end": "00:09:05", "text": "stocks, their bonds, their everything on"}, {"start": "00:09:02", "end": "00:09:06", "text": "top of these chains. Meanwhile,"}, {"start": "00:09:05", "end": "00:09:10", "text": "attention is turning to the expanding"}, {"start": "00:09:06", "end": "00:09:12", "text": "ecosystem around the XRP ledger. The"}, {"start": "00:09:10", "end": "00:09:14", "text": "conversation around tokenization is"}, {"start": "00:09:12", "end": "00:09:17", "text": "gaining urgency at the highest levels of"}, {"start": "00:09:14", "end": "00:09:20", "text": "finance. According to Amal's post, block"}, {"start": "00:09:17", "end": "00:09:23", "text": "almost said blockchain. Black rock CEO"}, {"start": "00:09:20", "end": "00:09:25", "text": "Larry Frink recently argued that the"}, {"start": "00:09:23", "end": "00:09:29", "text": "industry may be underestimating how"}, {"start": "00:09:25", "end": "00:09:32", "text": "rapidly every financial in asset could"}, {"start": "00:09:29", "end": "00:09:34", "text": "become uh tokenized. We are not going to"}, {"start": "00:09:32", "end": "00:09:37", "text": "get into that because the tokenized"}, {"start": "00:09:34", "end": "00:09:40", "text": "conversation is like it's just it just"}, {"start": "00:09:37", "end": "00:09:42", "text": "it just kind of won't stop. Yeah. No, if"}, {"start": "00:09:40", "end": "00:09:45", "text": "if you have been here for years, this"}, {"start": "00:09:42", "end": "00:09:47", "text": "has been a constant conversation within"}, {"start": "00:09:45", "end": "00:09:50", "text": "the cryptocurrency market, mainly"}, {"start": "00:09:47", "end": "00:09:52", "text": "surrounding XRP. I don't specifically"}, {"start": "00:09:50", "end": "00:09:55", "text": "know why. We used to have this kind of"}, {"start": "00:09:52", "end": "00:09:58", "text": "thing before with a lot of coins that"}, {"start": "00:09:55", "end": "00:10:01", "text": "had like a a scent"}, {"start": "00:09:58", "end": "00:10:03", "text": "valuation. So, it was worth 47 cents, 20"}, {"start": "00:10:01", "end": "00:10:05", "text": "like that kind of thing. And Dogecoin"}, {"start": "00:10:03", "end": "00:10:07", "text": "entered that conversation a couple of"}, {"start": "00:10:05", "end": "00:10:11", "text": "years ago. But as I've mentioned before,"}, {"start": "00:10:07", "end": "00:10:12", "text": "which also rattles a lot of people,"}, {"start": "00:10:11", "end": "00:10:15", "text": "Dogecoin isn't really spoken about"}, {"start": "00:10:12", "end": "00:10:17", "text": "anymore except for mainly on Twitter uh"}, {"start": "00:10:15", "end": "00:10:19", "text": "with people wanting Elon Musk to say"}, {"start": "00:10:17", "end": "00:10:22", "text": "something. I need to be completely and I"}, {"start": "00:10:19", "end": "00:10:25", "text": "I will only try and be as honest as I"}, {"start": "00:10:22", "end": "00:10:28", "text": "can with all of you as often as I can."}, {"start": "00:10:25", "end": "00:10:30", "text": "I've tried so hard over the years like"}, {"start": "00:10:28", "end": "00:10:31", "text": "this. This channel is actually becoming"}, {"start": "00:10:30", "end": "00:10:34", "text": "quite difficult. I'm going to be honest"}, {"start": "00:10:31", "end": "00:10:36", "text": "with you. I I started these channels and"}, {"start": "00:10:34", "end": "00:10:39", "text": "I continue these channels as a way to"}, {"start": "00:10:36", "end": "00:10:41", "text": "like inform people of the happenings of"}, {"start": "00:10:39", "end": "00:10:44", "text": "the cryptocurrency space to let you know"}, {"start": "00:10:41", "end": "00:10:46", "text": "what's going on. It's it's kind of I I"}, {"start": "00:10:44", "end": "00:10:48", "text": "do them daily because I think I've"}, {"start": "00:10:46", "end": "00:10:49", "text": "fallen into the groove of just doing"}, {"start": "00:10:48", "end": "00:10:52", "text": "them daily."}, {"start": "00:10:49", "end": "00:10:54", "text": "That's the way that I've kind of set"}, {"start": "00:10:52", "end": "00:10:56", "text": "everything up."}, {"start": "00:10:54", "end": "00:11:00", "text": "It's been really weird the last few"}, {"start": "00:10:56", "end": "00:11:02", "text": "years or even of my life trying to"}, {"start": "00:11:00", "end": "00:11:04", "text": "inform people of things that are"}, {"start": "00:11:02", "end": "00:11:07", "text": "happening and always getting push back"}, {"start": "00:11:04", "end": "00:11:09", "text": "in some sort of way. I told you I've"}, {"start": "00:11:07", "end": "00:11:12", "text": "told I I started investing heavily"}, {"start": "00:11:09", "end": "00:11:14", "text": "around I want to say 2009 2010 that's"}, {"start": "00:11:12", "end": "00:11:17", "text": "like when I really was like okay let me"}, {"start": "00:11:14", "end": "00:11:21", "text": "jump into this and then around 20"}, {"start": "00:11:17", "end": "00:11:23", "text": "late 2016 early 2017 is when I was like"}, {"start": "00:11:21", "end": "00:11:25", "text": "okay let's see what's up with the"}, {"start": "00:11:23", "end": "00:11:28", "text": "cryptocurrency market that that kind of"}, {"start": "00:11:25", "end": "00:11:31", "text": "thing when I tell people things or when"}, {"start": "00:11:28", "end": "00:11:34", "text": "I explain to you what's going on it's"}, {"start": "00:11:31", "end": "00:11:35", "text": "not because I like hearing myself talk"}, {"start": "00:11:34", "end": "00:11:37", "text": "no one usually likes the sound of their"}, {"start": "00:11:35", "end": "00:11:39", "text": "own voice. It's just, you know, it's"}, {"start": "00:11:37", "end": "00:11:41", "text": "just a thing."}, {"start": "00:11:39", "end": "00:11:44", "text": "When I explain to people what the news"}, {"start": "00:11:41", "end": "00:11:47", "text": "is, what's happening, what people are"}, {"start": "00:11:44", "end": "00:11:50", "text": "discussing, what companies are saying, I"}, {"start": "00:11:47", "end": "00:11:52", "text": "kind of always assume that people"}, {"start": "00:11:50", "end": "00:11:54", "text": "listen. That is to say, like listeners"}, {"start": "00:11:52", "end": "00:11:57", "text": "are listening."}, {"start": "00:11:54", "end": "00:11:59", "text": "You get what I mean? If we're going over"}, {"start": "00:11:57", "end": "00:12:02", "text": "news and it's constantly about"}, {"start": "00:11:59", "end": "00:12:05", "text": "Bitconnect is a scam, that coin isn't"}, {"start": "00:12:02", "end": "00:12:07", "text": "being used, I find articles for you to"}, {"start": "00:12:05", "end": "00:12:10", "text": "show you and and prove you things. And"}, {"start": "00:12:07", "end": "00:12:12", "text": "then I still get like really negative"}, {"start": "00:12:10", "end": "00:12:13", "text": "mean comments. And I know it's not all"}, {"start": "00:12:12", "end": "00:12:16", "text": "of you. I know a lot of you are very"}, {"start": "00:12:13", "end": "00:12:18", "text": "extremely nice people. You've been here"}, {"start": "00:12:16", "end": "00:12:22", "text": "for years. But the negative comments do"}, {"start": "00:12:18", "end": "00:12:25", "text": "often stand out. So the last couple of"}, {"start": "00:12:22", "end": "00:12:29", "text": "months you've seen"}, {"start": "00:12:25", "end": "00:12:33", "text": "the news has heavily focused heavily"}, {"start": "00:12:29", "end": "00:12:35", "text": "focused on Bitcoin, Ethereum and XRP. We"}, {"start": "00:12:33", "end": "00:12:39", "text": "had news one day about um I think"}, {"start": "00:12:35", "end": "00:12:42", "text": "Hideera Hashgraph. We had news one day"}, {"start": "00:12:39", "end": "00:12:45", "text": "about Salana. We had news I think two"}, {"start": "00:12:42", "end": "00:12:46", "text": "days about Justin Sun and Tron who's"}, {"start": "00:12:45", "end": "00:12:49", "text": "currently"}, {"start": "00:12:46", "end": "00:12:52", "text": "going through the motions. We've had"}, {"start": "00:12:49", "end": "00:12:54", "text": "Cardano. It's maybe maybe once a week."}, {"start": "00:12:52", "end": "00:12:58", "text": "There's something about Cardano in the"}, {"start": "00:12:54", "end": "00:13:00", "text": "news. Uh Dogecoin and Shibba Enu were in"}, {"start": "00:12:58", "end": "00:13:02", "text": "the news like three weeks ago. People"}, {"start": "00:13:00", "end": "00:13:05", "text": "were pairing them together as like are"}, {"start": "00:13:02", "end": "00:13:07", "text": "are the dog coins staging a comeback?"}, {"start": "00:13:05", "end": "00:13:08", "text": "And then I let you know usually at the"}, {"start": "00:13:07", "end": "00:13:11", "text": "end of the video. Maybe most people are"}, {"start": "00:13:08", "end": "00:13:14", "text": "gone by then, but I'm like focus on what"}, {"start": "00:13:11", "end": "00:13:17", "text": "the news is talking about. Forbes,"}, {"start": "00:13:14", "end": "00:13:19", "text": "Bloomberg, Morning Star, CNBC,"}, {"start": "00:13:17", "end": "00:13:23", "text": "everyone's talking about Bitcoin,"}, {"start": "00:13:19", "end": "00:13:26", "text": "Ethereum, XRP, and then when I mention"}, {"start": "00:13:23", "end": "00:13:28", "text": "in videos explicitly,"}, {"start": "00:13:26", "end": "00:13:30", "text": "hey, I saw the comments and people are"}, {"start": "00:13:28", "end": "00:13:31", "text": "like, can you stop focusing on these"}, {"start": "00:13:30", "end": "00:13:33", "text": "coins? And I'm like, it's not me"}, {"start": "00:13:31", "end": "00:13:37", "text": "focusing on these coins. These are the"}, {"start": "00:13:33", "end": "00:13:37", "text": "only coins in the news."}, {"start": "00:13:38", "end": "00:13:42", "text": "That's what the news has been for a"}, {"start": "00:13:41", "end": "00:13:45", "text": "while now."}, {"start": "00:13:42", "end": "00:13:47", "text": "years ago, I explained that we were"}, {"start": "00:13:45", "end": "00:13:50", "text": "going to have winners in this market."}, {"start": "00:13:47", "end": "00:13:53", "text": "You we're not going to live in a world"}, {"start": "00:13:50", "end": "00:13:54", "text": "where everyone's using 10,000 different"}, {"start": "00:13:53", "end": "00:13:56", "text": "coins. We're not going to be using"}, {"start": "00:13:54", "end": "00:13:58", "text": "Bitcoin Diamond. We're not going to be"}, {"start": "00:13:56", "end": "00:13:59", "text": "using Bitcoin silver. We're not going to"}, {"start": "00:13:58", "end": "00:14:02", "text": "be using Bitcoin yellow and red. These"}, {"start": "00:13:59", "end": "00:14:03", "text": "are real coins, by the way. People are"}, {"start": "00:14:02", "end": "00:14:07", "text": "going to figure out which coins have"}, {"start": "00:14:03", "end": "00:14:09", "text": "value. We see Brad Garlinghouse in the"}, {"start": "00:14:07", "end": "00:14:13", "text": "White House talking to all these people."}, {"start": "00:14:09", "end": "00:14:16", "text": "The SEC and CFTC give regulatory clarity"}, {"start": "00:14:13", "end": "00:14:19", "text": "to the coin, to the company."}, {"start": "00:14:16", "end": "00:14:22", "text": "That's a clear signal as to where things"}, {"start": "00:14:19", "end": "00:14:24", "text": "are are moving for Ripple and for XRP."}, {"start": "00:14:22", "end": "00:14:26", "text": "We keep getting news. We're using"}, {"start": "00:14:24", "end": "00:14:27", "text": "Ethereum. Ethereum is going to do this."}, {"start": "00:14:26", "end": "00:14:28", "text": "Bitcoin's going to have this. We're"}, {"start": "00:14:27", "end": "00:14:31", "text": "definitely so and so and so. We're"}, {"start": "00:14:28", "end": "00:14:34", "text": "launching a new Bitcoin ETF. There's a"}, {"start": "00:14:31", "end": "00:14:37", "text": "reason why you're not hearing. We're"}, {"start": "00:14:34", "end": "00:14:40", "text": "trying to launch a new Salana ETF. We've"}, {"start": "00:14:37", "end": "00:14:44", "text": "been hankering for a a brand a Tron ETF."}, {"start": "00:14:40", "end": "00:14:48", "text": "We can't wait for it. Cardano, let give"}, {"start": "00:14:44", "end": "00:14:50", "text": "us 75 ETFs right now."}, {"start": "00:14:48", "end": "00:14:53", "text": "It's because these are the coins that"}, {"start": "00:14:50", "end": "00:14:55", "text": "are in the news. So I noticed a lot of"}, {"start": "00:14:53", "end": "00:14:57", "text": "times and it's just I I don't know if"}, {"start": "00:14:55", "end": "00:14:59", "text": "it's the word's not happen stance but I"}, {"start": "00:14:57", "end": "00:15:02", "text": "think over the years maybe it's because"}, {"start": "00:14:59", "end": "00:15:04", "text": "of other crypto YouTubers and I mean and"}, {"start": "00:15:02", "end": "00:15:07", "text": "explicitly I I was here once again back"}, {"start": "00:15:04", "end": "00:15:09", "text": "to Bitconnect those days these people"}, {"start": "00:15:07", "end": "00:15:10", "text": "kind of tell you what they what that"}, {"start": "00:15:09", "end": "00:15:13", "text": "they think you want to hear. Remember"}, {"start": "00:15:10", "end": "00:15:14", "text": "the remember the three teenage guys if"}, {"start": "00:15:13", "end": "00:15:18", "text": "you weren't here this was cringe. It was"}, {"start": "00:15:14", "end": "00:15:20", "text": "crazy. It was these three guys standing"}, {"start": "00:15:18", "end": "00:15:22", "text": "in front of their dad's car. It was a"}, {"start": "00:15:20", "end": "00:15:24", "text": "Maserati or something or other. And they"}, {"start": "00:15:22", "end": "00:15:26", "text": "had this gigantic whiteboard. And they"}, {"start": "00:15:24", "end": "00:15:28", "text": "were writing on the whiteboard every"}, {"start": "00:15:26", "end": "00:15:33", "text": "single day,"}, {"start": "00:15:28", "end": "00:15:35", "text": "this this coin, moon poo poo coin, is is"}, {"start": "00:15:33", "end": "00:15:37", "text": "going to go up by 7,000%. We, you know,"}, {"start": "00:15:35", "end": "00:15:40", "text": "we did an analysis. It's going to go up."}, {"start": "00:15:37", "end": "00:15:43", "text": "Then they would write another coin, uh,"}, {"start": "00:15:40", "end": "00:15:46", "text": "Baby Rockcoin. This one's going to go up"}, {"start": "00:15:43", "end": "00:15:48", "text": "by 187%. You got to buy it right now."}, {"start": "00:15:46", "end": "00:15:50", "text": "And it was a self-fulfilling prophecy"}, {"start": "00:15:48", "end": "00:15:51", "text": "because they were getting tons of views"}, {"start": "00:15:50", "end": "00:15:54", "text": "telling people that these coins were"}, {"start": "00:15:51", "end": "00:15:56", "text": "going to go up. They're standing in"}, {"start": "00:15:54", "end": "00:15:58", "text": "front of a very rich car and then"}, {"start": "00:15:56", "end": "00:16:00", "text": "subsequently people would watch their"}, {"start": "00:15:58", "end": "00:16:02", "text": "videos and then the coin's price would"}, {"start": "00:16:00", "end": "00:16:04", "text": "go up. What people weren't placing"}, {"start": "00:16:02", "end": "00:16:06", "text": "together is that these people were"}, {"start": "00:16:04", "end": "00:16:08", "text": "grifters and that they knew that the"}, {"start": "00:16:06", "end": "00:16:10", "text": "amount of views that they were getting,"}, {"start": "00:16:08", "end": "00:16:12", "text": "they could actually pump the coin. And"}, {"start": "00:16:10", "end": "00:16:14", "text": "then every single time the coin would"}, {"start": "00:16:12", "end": "00:16:17", "text": "pump, the coin's price would also"}, {"start": "00:16:14", "end": "00:16:19", "text": "dramatically slam down into the ground."}, {"start": "00:16:17", "end": "00:16:20", "text": "And after a couple of months, people"}, {"start": "00:16:19", "end": "00:16:22", "text": "realized that these people were like"}, {"start": "00:16:20", "end": "00:16:25", "text": "just pumping and dumping every single"}, {"start": "00:16:22", "end": "00:16:27", "text": "coin over and over. That's why a lot of"}, {"start": "00:16:25", "end": "00:16:29", "text": "times whenever I would get people being"}, {"start": "00:16:27", "end": "00:16:30", "text": "like, \"Dude, stop pumping XRP.\" I would"}, {"start": "00:16:29", "end": "00:16:32", "text": "look at the price and I'm like, \"Dude,"}, {"start": "00:16:30", "end": "00:16:36", "text": "it's it's it's 13 cents. What do you"}, {"start": "00:16:32", "end": "00:16:38", "text": "what what do you think I'm pumping?"}, {"start": "00:16:36", "end": "00:16:41", "text": "I don't have hundreds of thousands of"}, {"start": "00:16:38", "end": "00:16:44", "text": "viewers every single video to even have"}, {"start": "00:16:41", "end": "00:16:45", "text": "the power to get be like, \"All right,"}, {"start": "00:16:44", "end": "00:16:49", "text": "buy this coin.\" And then for the coin to"}, {"start": "00:16:45", "end": "00:16:51", "text": "go a 17x up in price. The point of this"}, {"start": "00:16:49", "end": "00:16:53", "text": "channel, and this why I said it's it's"}, {"start": "00:16:51", "end": "00:16:55", "text": "getting it's getting difficult. The"}, {"start": "00:16:53", "end": "00:16:56", "text": "point of this channel is to is to try"}, {"start": "00:16:55", "end": "00:16:58", "text": "and inform people. And I know that a lot"}, {"start": "00:16:56", "end": "00:17:01", "text": "of you love being informed. This is why"}, {"start": "00:16:58", "end": "00:17:03", "text": "I continue doing it. But there are days"}, {"start": "00:17:01", "end": "00:17:05", "text": "where I sit here and I'm like I can't"}, {"start": "00:17:03", "end": "00:17:08", "text": "even give proper information about"}, {"start": "00:17:05", "end": "00:17:10", "text": "things. I was telling everyone before"}, {"start": "00:17:08", "end": "00:17:13", "text": "about like this was last year about the"}, {"start": "00:17:10", "end": "00:17:15", "text": "AI bubble because every every single CEO"}, {"start": "00:17:13", "end": "00:17:17", "text": "was talking about it. It wasn't just me"}, {"start": "00:17:15", "end": "00:17:21", "text": "being like I don't like AI. AI I can't"}, {"start": "00:17:17", "end": "00:17:22", "text": "spell it. It's gross. No, these mega"}, {"start": "00:17:21", "end": "00:17:25", "text": "billionaires were having panel"}, {"start": "00:17:22", "end": "00:17:26", "text": "discussions where they were like yeah we"}, {"start": "00:17:25", "end": "00:17:27", "text": "can kind of see some cracks in the"}, {"start": "00:17:26", "end": "00:17:29", "text": "system. We're not getting as many people"}, {"start": "00:17:27", "end": "00:17:31", "text": "using it as we thought. And then we"}, {"start": "00:17:29", "end": "00:17:33", "text": "started seeing like AI company stocks"}, {"start": "00:17:31", "end": "00:17:35", "text": "like not doing too well. It's literally"}, {"start": "00:17:33", "end": "00:17:37", "text": "me telling you being like, \"Hey, if"}, {"start": "00:17:35", "end": "00:17:39", "text": "you're in that if you're in that space,"}, {"start": "00:17:37", "end": "00:17:42", "text": "understand that, you know, it might not"}, {"start": "00:17:39", "end": "00:17:44", "text": "be as golden as you think that it is.\""}, {"start": "00:17:42", "end": "00:17:48", "text": "But people think it's me trying to like"}, {"start": "00:17:44", "end": "00:17:50", "text": "hamper innovation or push things down or"}, {"start": "00:17:48", "end": "00:17:52", "text": "or talk negatively about the industry."}, {"start": "00:17:50", "end": "00:17:54", "text": "You know how many other things I have to"}, {"start": "00:17:52", "end": "00:17:57", "text": "do instead of talking negatively about"}, {"start": "00:17:54", "end": "00:17:59", "text": "AI? Are you for f are you are you"}, {"start": "00:17:57", "end": "00:18:01", "text": "joking? You know how many other things I"}, {"start": "00:17:59", "end": "00:18:02", "text": "have going on in my life? How many you"}, {"start": "00:18:01", "end": "00:18:06", "text": "know I'm writing like multiple books"}, {"start": "00:18:02", "end": "00:18:08", "text": "right now? I am writing multiple other"}, {"start": "00:18:06", "end": "00:18:11", "text": "books. I have other channels. I'm doing"}, {"start": "00:18:08", "end": "00:18:13", "text": "other things. I'm always traveling. I"}, {"start": "00:18:11", "end": "00:18:16", "text": "have so many other things that I'm"}, {"start": "00:18:13", "end": "00:18:18", "text": "investing in. This isn't like the the"}, {"start": "00:18:16", "end": "00:18:21", "text": "pinnacle of my day isn't sitting here"}, {"start": "00:18:18", "end": "00:18:24", "text": "being like, \"How do I I don't like Tron"}, {"start": "00:18:21", "end": "00:18:26", "text": "or Salana. How do I talk negatively"}, {"start": "00:18:24", "end": "00:18:28", "text": "about them?\" Investors don't like Tron"}, {"start": "00:18:26", "end": "00:18:31", "text": "and Salana."}, {"start": "00:18:28", "end": "00:18:34", "text": "They're not investing in these coins."}, {"start": "00:18:31", "end": "00:18:37", "text": "Do you remember years ago,"}, {"start": "00:18:34", "end": "00:18:39", "text": "if you were Salana years ago, had this"}, {"start": "00:18:37", "end": "00:18:41", "text": "issue where the blockchain kept on"}, {"start": "00:18:39", "end": "00:18:45", "text": "having to be restarted. And I was like,"}, {"start": "00:18:41", "end": "00:18:47", "text": "you can't restart. You Google this."}, {"start": "00:18:45", "end": "00:18:49", "text": "You cannot restart a blockchain. It is"}, {"start": "00:18:47", "end": "00:18:52", "text": "inherently then not a blockchain. A"}, {"start": "00:18:49", "end": "00:18:54", "text": "blockchain continues making blocks"}, {"start": "00:18:52", "end": "00:18:57", "text": "as long as people are using it. You can"}, {"start": "00:18:54", "end": "00:18:59", "text": "restart a computer system. I think one"}, {"start": "00:18:57", "end": "00:19:02", "text": "year there were eight restarts and I was"}, {"start": "00:18:59", "end": "00:19:03", "text": "like red flag. I was like something's"}, {"start": "00:19:02", "end": "00:19:06", "text": "wrong with this coin. Where did this"}, {"start": "00:19:03", "end": "00:19:08", "text": "coin come from? And then when FTX"}, {"start": "00:19:06", "end": "00:19:11", "text": "collapsed"}, {"start": "00:19:08", "end": "00:19:15", "text": "when FTX collapsed we found out that the"}, {"start": "00:19:11", "end": "00:19:18", "text": "people who had the majority"}, {"start": "00:19:15", "end": "00:19:21", "text": "majority of these Salana coins were Sam"}, {"start": "00:19:18", "end": "00:19:23", "text": "Bankman Freed."}, {"start": "00:19:21", "end": "00:19:25", "text": "it was tied to FTX like they they were"}, {"start": "00:19:23", "end": "00:19:28", "text": "the creators of this entire ecosystem"}, {"start": "00:19:25", "end": "00:19:30", "text": "because it is a corporation coin. It's a"}, {"start": "00:19:28", "end": "00:19:33", "text": "coin that was created by venture capital"}, {"start": "00:19:30", "end": "00:19:35", "text": "money to try and rival Ethereum and and"}, {"start": "00:19:33", "end": "00:19:37", "text": "and Bitcoin as you know this coin also"}, {"start": "00:19:35", "end": "00:19:38", "text": "does the exact same things. And I was"}, {"start": "00:19:37", "end": "00:19:41", "text": "like okay maybe people should stay away"}, {"start": "00:19:38", "end": "00:19:44", "text": "from it. You see how often we have"}, {"start": "00:19:41", "end": "00:19:45", "text": "Salana in the news. You see how often"}, {"start": "00:19:44", "end": "00:19:48", "text": "people from Black Rockck are like yes"}, {"start": "00:19:45", "end": "00:19:50", "text": "Salana's Salana's it. We love that coin."}, {"start": "00:19:48", "end": "00:19:53", "text": "Did you hear about Morgan Stanley being"}, {"start": "00:19:50", "end": "00:19:55", "text": "like, \"We're creating a Salana ETF.\" No,"}, {"start": "00:19:53", "end": "00:19:57", "text": "you didn't. Did you hear when Fanny May"}, {"start": "00:19:55", "end": "00:20:00", "text": "was talking about accepting Bitcoin for"}, {"start": "00:19:57", "end": "00:20:04", "text": "mortgages? Did you hear when Fanny May"}, {"start": "00:20:00", "end": "00:20:07", "text": "announced we are going to accept Bitcoin"}, {"start": "00:20:04", "end": "00:20:09", "text": "as a down payment for a mortgage that"}, {"start": "00:20:07", "end": "00:20:11", "text": "the second coin that they announced was"}, {"start": "00:20:09", "end": "00:20:15", "text": "Salana and Tron?"}, {"start": "00:20:11", "end": "00:20:16", "text": "Of course, you didn't."}, {"start": "00:20:15", "end": "00:20:20", "text": "There are so many people who bought"}, {"start": "00:20:16", "end": "00:20:21", "text": "these crazy coins years ago and now"}, {"start": "00:20:20", "end": "00:20:24", "text": "they're looking for them to pay off. And"}, {"start": "00:20:21", "end": "00:20:26", "text": "I'm like, dude,"}, {"start": "00:20:24", "end": "00:20:28", "text": "I do this every day. These are the coins"}, {"start": "00:20:26", "end": "00:20:29", "text": "that we keep getting. These are the"}, {"start": "00:20:28", "end": "00:20:31", "text": "coins that we're hearing about. These"}, {"start": "00:20:29", "end": "00:20:33", "text": "are the coins that the companies are"}, {"start": "00:20:31", "end": "00:20:36", "text": "investing in."}, {"start": "00:20:33", "end": "00:20:40", "text": "If there was news, I swear to goodness,"}, {"start": "00:20:36", "end": "00:20:42", "text": "if there was news about a company called"}, {"start": "00:20:40", "end": "00:20:45", "text": "Bit Lana"}, {"start": "00:20:42", "end": "00:20:48", "text": "who announced that they wanted 5% of all"}, {"start": "00:20:45", "end": "00:20:50", "text": "the Salana out there, they would be in"}, {"start": "00:20:48", "end": "00:20:53", "text": "the news and I would be bringing you"}, {"start": "00:20:50", "end": "00:20:55", "text": "that news. If we had a company that was"}, {"start": "00:20:53", "end": "00:20:57", "text": "an Ethereum company and they said,"}, {"start": "00:20:55", "end": "00:21:00", "text": "\"We're putting all of our money onto"}, {"start": "00:20:57", "end": "00:21:04", "text": "Tron."}, {"start": "00:21:00", "end": "00:21:05", "text": "We want to buy 10% of all the Tron out"}, {"start": "00:21:04", "end": "00:21:07", "text": "there cuz we think this coin is going to"}, {"start": "00:21:05", "end": "00:21:09", "text": "make it and we are backed by the White"}, {"start": "00:21:07", "end": "00:21:13", "text": "House and we are working with these 15"}, {"start": "00:21:09", "end": "00:21:17", "text": "banks. You would have that news from me"}, {"start": "00:21:13", "end": "00:21:21", "text": "if we had news other than Elon Musk"}, {"start": "00:21:17", "end": "00:21:23", "text": "wearing a t-shirt with a Dogecoin on it."}, {"start": "00:21:21", "end": "00:21:25", "text": "If there were 12 companies who were"}, {"start": "00:21:23", "end": "00:21:28", "text": "like, \"We are creating a reserve for"}, {"start": "00:21:25", "end": "00:21:30", "text": "Dogecoin because we think the price is"}, {"start": "00:21:28", "end": "00:21:35", "text": "going to completely skyrocket by the end"}, {"start": "00:21:30", "end": "00:21:36", "text": "of 2026. We are expecting a a 56 712"}, {"start": "00:21:35", "end": "00:21:40", "text": "Dogecoin.\""}, {"start": "00:21:36", "end": "00:21:42", "text": "You would have that news from me."}, {"start": "00:21:40", "end": "00:21:45", "text": "Do you think I'm like keeping stuff from"}, {"start": "00:21:42", "end": "00:21:49", "text": "other people? It's crazy. Even even when"}, {"start": "00:21:45", "end": "00:21:51", "text": "in 2017 I remember we were getting all"}, {"start": "00:21:49", "end": "00:21:52", "text": "if you missed it in 2017 we were getting"}, {"start": "00:21:51", "end": "00:21:54", "text": "news that Ripple was already working"}, {"start": "00:21:52", "end": "00:21:56", "text": "with the Fed. The Fed was already"}, {"start": "00:21:54", "end": "00:21:59", "text": "testing Ripple technology and had had"}, {"start": "00:21:56", "end": "00:22:00", "text": "been approved. Ripple was working with"}, {"start": "00:21:59", "end": "00:22:02", "text": "all these different banks. The crazy"}, {"start": "00:22:00", "end": "00:22:04", "text": "part was that that's when the lawsuit"}, {"start": "00:22:02", "end": "00:22:06", "text": "started because they were getting too"}, {"start": "00:22:04", "end": "00:22:08", "text": "big too fast from the people who were"}, {"start": "00:22:06", "end": "00:22:10", "text": "actually already backing Bitcoin. This"}, {"start": "00:22:08", "end": "00:22:12", "text": "this brand new company Ripple and XRP,"}, {"start": "00:22:10", "end": "00:22:15", "text": "they're doing way too much."}, {"start": "00:22:12", "end": "00:22:18", "text": "We had news that they the the the"}, {"start": "00:22:15", "end": "00:22:21", "text": "company was off the charts. Ripple was"}, {"start": "00:22:18", "end": "00:22:23", "text": "doing it really really fast. And I was"}, {"start": "00:22:21", "end": "00:22:26", "text": "like, the coin is worth less than one"}, {"start": "00:22:23", "end": "00:22:28", "text": "cent. I was like, if you put a,000 into"}, {"start": "00:22:26", "end": "00:22:31", "text": "this coin, you realize you could have a"}, {"start": "00:22:28", "end": "00:22:33", "text": "100,000 XRP. If you put 5K into this"}, {"start": "00:22:31", "end": "00:22:35", "text": "coin, you can have a half a million XRP."}, {"start": "00:22:33", "end": "00:22:37", "text": "And I was telling people all the I was"}, {"start": "00:22:35", "end": "00:22:40", "text": "like, I can't tell you what to buy, but"}, {"start": "00:22:37", "end": "00:22:41", "text": "if this coin hits 1 cent, it's not going"}, {"start": "00:22:40", "end": "00:22:44", "text": "to be difficult for it to double. your"}, {"start": "00:22:41", "end": "00:22:46", "text": "your your your"}, {"start": "00:22:44", "end": "00:22:48", "text": "investment will literally double when it"}, {"start": "00:22:46", "end": "00:22:51", "text": "goes to 2 cents. I was like, can this"}, {"start": "00:22:48", "end": "00:22:52", "text": "coin hit 4 cents?"}, {"start": "00:22:51", "end": "00:22:56", "text": "Look at all the stuff that they're"}, {"start": "00:22:52", "end": "00:22:59", "text": "doing. And at the same exact time, what"}, {"start": "00:22:56", "end": "00:23:00", "text": "was that guy's name? The the the guy, I"}, {"start": "00:22:59", "end": "00:23:02", "text": "don't remember. He he was in some kind"}, {"start": "00:23:00", "end": "00:23:03", "text": "of some kind of high-rise. He was making"}, {"start": "00:23:02", "end": "00:23:05", "text": "videos every single day about"}, {"start": "00:23:03", "end": "00:23:07", "text": "BitConnect. And everyone on my channel"}, {"start": "00:23:05", "end": "00:23:10", "text": "was like, \"You need to stop promoting"}, {"start": "00:23:07", "end": "00:23:12", "text": "XRP because Bitconnect is the thing."}, {"start": "00:23:10", "end": "00:23:14", "text": "Your your viewers are missing out.\" And"}, {"start": "00:23:12", "end": "00:23:15", "text": "I was like, \"No, Bitconnect is a scam.\""}, {"start": "00:23:14", "end": "00:23:18", "text": "And people were like, \"This YouTuber is"}, {"start": "00:23:15", "end": "00:23:20", "text": "making four Bitcoin per day. It can't be"}, {"start": "00:23:18", "end": "00:23:23", "text": "a scam.\" And I was like, \"No, it's a"}, {"start": "00:23:20", "end": "00:23:27", "text": "clear pyramid scheme. He's at the top of"}, {"start": "00:23:23", "end": "00:23:29", "text": "the pyramid. I didn't create XRP. I"}, {"start": "00:23:27", "end": "00:23:31", "text": "don't have half a million XRP. I'm no I"}, {"start": "00:23:29", "end": "00:23:33", "text": "don't know this company. I'm looking at"}, {"start": "00:23:31", "end": "00:23:35", "text": "the charts. Looking at the news and"}, {"start": "00:23:33", "end": "00:23:38", "text": "information that we're getting, Ethereum"}, {"start": "00:23:35", "end": "00:23:41", "text": "was $5 per coin. I think at the end of"}, {"start": "00:23:38", "end": "00:23:43", "text": "2016, we heard all these companies were"}, {"start": "00:23:41", "end": "00:23:46", "text": "the Enterprise Ethereum Alliance was"}, {"start": "00:23:43", "end": "00:23:50", "text": "created. And I was like, yo, I was like,"}, {"start": "00:23:46", "end": "00:23:52", "text": "what if Ether hits 10, 15, $20 a coin. I"}, {"start": "00:23:50", "end": "00:23:55", "text": "was like, that's going to be crazy if if"}, {"start": "00:23:52", "end": "00:23:57", "text": "you invested in it. Bitcoin was under"}, {"start": "00:23:55", "end": "00:24:01", "text": "a,000. I was like, can you imagine if we"}, {"start": "00:23:57", "end": "00:24:04", "text": "see a $4,000 Bitcoin? Bitcoin was all we"}, {"start": "00:24:01", "end": "00:24:06", "text": "were Bitcoin, Bitcoin, Bitcoin, Bitcoin,"}, {"start": "00:24:04", "end": "00:24:08", "text": "Ethereum stuff everywhere. In between"}, {"start": "00:24:06", "end": "00:24:10", "text": "there were all these other little shiny"}, {"start": "00:24:08", "end": "00:24:13", "text": "things dropping onto the ground that"}, {"start": "00:24:10", "end": "00:24:15", "text": "everyone else was told to look at. When"}, {"start": "00:24:13", "end": "00:24:19", "text": "XRP"}, {"start": "00:24:15", "end": "00:24:21", "text": "went from under one cent to a dollar, if"}, {"start": "00:24:19", "end": "00:24:25", "text": "you've been here this long on this"}, {"start": "00:24:21", "end": "00:24:27", "text": "channel, do you remember I made sure not"}, {"start": "00:24:25", "end": "00:24:29", "text": "to mention it in any of my videos and it"}, {"start": "00:24:27", "end": "00:24:32", "text": "drove people insane. People were like,"}, {"start": "00:24:29", "end": "00:24:34", "text": "\"Come on, tell people.\" I wanted you to"}, {"start": "00:24:32", "end": "00:24:36", "text": "see for a fact that this is this is"}, {"start": "00:24:34", "end": "00:24:38", "text": "real. You can scroll back. All my videos"}, {"start": "00:24:36", "end": "00:24:41", "text": "are still there."}, {"start": "00:24:38", "end": "00:24:43", "text": "I made sure not to mention it because I"}, {"start": "00:24:41", "end": "00:24:46", "text": "didn't want anyone to say that I was"}, {"start": "00:24:43", "end": "00:24:48", "text": "pumping. I swear to God,"}, {"start": "00:24:46", "end": "00:24:51", "text": "hand is raised."}, {"start": "00:24:48", "end": "00:24:54", "text": "I didn't want anyone to say he's pumping"}, {"start": "00:24:51", "end": "00:24:58", "text": "that coin by talking about it. I saw it"}, {"start": "00:24:54", "end": "00:24:59", "text": "go from 4 cents to 15 cents to 50 cents."}, {"start": "00:24:58", "end": "00:25:00", "text": "People were like, \"Talk about the let"}, {"start": "00:24:59", "end": "00:25:02", "text": "other people know.\" And I was like,"}, {"start": "00:25:00", "end": "00:25:06", "text": "\"I've been talking about this for half a"}, {"start": "00:25:02", "end": "00:25:08", "text": "year.\" I didn't want anyone to say jack"}, {"start": "00:25:06", "end": "00:25:10", "text": "nothing about it. When XRP went over a"}, {"start": "00:25:08", "end": "00:25:12", "text": "dollar, that's when I started talking"}, {"start": "00:25:10", "end": "00:25:13", "text": "about it. And I was like, I told you so."}, {"start": "00:25:12", "end": "00:25:16", "text": "It's the coin that's been in the news"}, {"start": "00:25:13", "end": "00:25:18", "text": "all the time. We didn't hear this was"}, {"start": "00:25:16", "end": "00:25:21", "text": "this was before we had Tron, before"}, {"start": "00:25:18", "end": "00:25:24", "text": "Cardano, before all these like Gen 2 and"}, {"start": "00:25:21", "end": "00:25:28", "text": "Gen 3 coins began to kind of pop up."}, {"start": "00:25:24", "end": "00:25:31", "text": "What I bring you is the news."}, {"start": "00:25:28", "end": "00:25:33", "text": "I'm not trying to hype up something. I'm"}, {"start": "00:25:31", "end": "00:25:35", "text": "not trying to push you in a certain"}, {"start": "00:25:33", "end": "00:25:37", "text": "direction. I am if you want me if tell"}, {"start": "00:25:35", "end": "00:25:39", "text": "me in the comment section."}, {"start": "00:25:37", "end": "00:25:43", "text": "If you want me to bring you garbage"}, {"start": "00:25:39", "end": "00:25:46", "text": "news, I will bring you garbage."}, {"start": "00:25:43", "end": "00:25:48", "text": "If general consensus, vote on it. if you"}, {"start": "00:25:46", "end": "00:25:50", "text": "want me to bring you cuz you know you"}, {"start": "00:25:48", "end": "00:25:53", "text": "know what"}, {"start": "00:25:50", "end": "00:25:55", "text": "Salana is often in in the news and it's"}, {"start": "00:25:53", "end": "00:25:57", "text": "usually about the price dropping and how"}, {"start": "00:25:55", "end": "00:25:59", "text": "few people are actually using the chain."}, {"start": "00:25:57", "end": "00:26:01", "text": "Cardano is often in the news as well and"}, {"start": "00:25:59", "end": "00:26:03", "text": "it's usually because Charles Hoskinson"}, {"start": "00:26:01", "end": "00:26:05", "text": "is arguing with someone on Twitter. I'm"}, {"start": "00:26:03", "end": "00:26:07", "text": "not joking."}, {"start": "00:26:05", "end": "00:26:10", "text": "Tron is in the news because its price"}, {"start": "00:26:07", "end": "00:26:12", "text": "went down because of Justin Sun in the"}, {"start": "00:26:10", "end": "00:26:14", "text": "whole world liberty financial thing. I"}, {"start": "00:26:12", "end": "00:26:16", "text": "can bring you news about these coins if"}, {"start": "00:26:14", "end": "00:26:19", "text": "you want."}, {"start": "00:26:16", "end": "00:26:22", "text": "The news is there."}, {"start": "00:26:19", "end": "00:26:24", "text": "Doge Dogecoin just just fell below this"}, {"start": "00:26:22", "end": "00:26:27", "text": "level. It looks like it might go back"}, {"start": "00:26:24", "end": "00:26:29", "text": "down further. There's no support for it."}, {"start": "00:26:27", "end": "00:26:31", "text": "No one's using it. No one's buying it."}, {"start": "00:26:29", "end": "00:26:35", "text": "No one's staking it. No one's building"}, {"start": "00:26:31", "end": "00:26:36", "text": "protocols for it."}, {"start": "00:26:35", "end": "00:26:38", "text": "That's what's usually in crypto news as"}, {"start": "00:26:36", "end": "00:26:41", "text": "well. If you want me to bring you in in"}, {"start": "00:26:38", "end": "00:26:43", "text": "between every single news article, if"}, {"start": "00:26:41", "end": "00:26:45", "text": "you want me to bring you like the real"}, {"start": "00:26:43", "end": "00:26:48", "text": "truth about those coins and what's not"}, {"start": "00:26:45", "end": "00:26:51", "text": "happening with them, we can we can do"}, {"start": "00:26:48", "end": "00:26:54", "text": "it."}, {"start": "00:26:51", "end": "00:26:57", "text": "I find it crazy when I was younger."}, {"start": "00:26:54", "end": "00:26:59", "text": "I remember being in class and finding"}, {"start": "00:26:57", "end": "00:27:01", "text": "out certain things and telling my"}, {"start": "00:26:59", "end": "00:27:02", "text": "friends and then being like, \"No, that's"}, {"start": "00:27:01", "end": "00:27:05", "text": "not a thing.\" Do you want to hear"}, {"start": "00:27:02", "end": "00:27:07", "text": "something crazy?"}, {"start": "00:27:05", "end": "00:27:10", "text": "This is true."}, {"start": "00:27:07", "end": "00:27:12", "text": "One time I went out with friends. These"}, {"start": "00:27:10", "end": "00:27:15", "text": "are friends who I don't talk to anymore"}, {"start": "00:27:12", "end": "00:27:20", "text": "because I I realized that they are just"}, {"start": "00:27:15", "end": "00:27:24", "text": "not very bright at all. It was Hold on."}, {"start": "00:27:20", "end": "00:27:27", "text": "It was me, him, him, her, her, and one"}, {"start": "00:27:24", "end": "00:27:29", "text": "other person. So, okay. It was it was it"}, {"start": "00:27:27", "end": "00:27:31", "text": "was seven of us all together, but it was"}, {"start": "00:27:29", "end": "00:27:33", "text": "only six of us sitting down. We're"}, {"start": "00:27:31", "end": "00:27:34", "text": "sitting in the park. I'm with my"}, {"start": "00:27:33", "end": "00:27:35", "text": "friends. One of the girls, she wanted to"}, {"start": "00:27:34", "end": "00:27:37", "text": "do a picnic. I was like, \"All right,"}, {"start": "00:27:35", "end": "00:27:39", "text": "cool.\" We all bought stuff. Went to the"}, {"start": "00:27:37", "end": "00:27:40", "text": "picnic outside and we're like sitting"}, {"start": "00:27:39", "end": "00:27:43", "text": "there eating, having fun. People are"}, {"start": "00:27:40", "end": "00:27:46", "text": "walking by, yada yada. And I because I I"}, {"start": "00:27:43", "end": "00:27:50", "text": "I I forgot what it was. It was something"}, {"start": "00:27:46", "end": "00:27:51", "text": "about it should have been colder that"}, {"start": "00:27:50", "end": "00:27:53", "text": "day. I forgot exactly what was going on,"}, {"start": "00:27:51", "end": "00:27:54", "text": "but we were talking about the"}, {"start": "00:27:53", "end": "00:27:57", "text": "temperature and I was like, \"Yeah, you"}, {"start": "00:27:54", "end": "00:27:59", "text": "know, it's really weird because at this"}, {"start": "00:27:57", "end": "00:28:01", "text": "point, I said, we're actually closer to"}, {"start": "00:27:59", "end": "00:28:03", "text": "the sun than farther away.\" And they"}, {"start": "00:28:01", "end": "00:28:04", "text": "were like, \"What?\" And I was like,"}, {"start": "00:28:03", "end": "00:28:07", "text": "\"Yeah.\" So, for those of you who are"}, {"start": "00:28:04", "end": "00:28:11", "text": "unaware, the Earth slingshots like we we"}, {"start": "00:28:07", "end": "00:28:14", "text": "we don't do a perfect circle around"}, {"start": "00:28:11", "end": "00:28:15", "text": "anything. Everything is usually like a a"}, {"start": "00:28:14", "end": "00:28:18", "text": "relative oval shape, and that's how"}, {"start": "00:28:15", "end": "00:28:21", "text": "things gravitate and move around within"}, {"start": "00:28:18", "end": "00:28:23", "text": "our solar system. Nothing is, you know,"}, {"start": "00:28:21", "end": "00:28:26", "text": "the Earth also isn't a perfect sphere."}, {"start": "00:28:23", "end": "00:28:29", "text": "it bulges at the edges because of the"}, {"start": "00:28:26", "end": "00:28:32", "text": "rotation which causes like people in um"}, {"start": "00:28:29", "end": "00:28:33", "text": "higher elevations. Anyway, long story"}, {"start": "00:28:32", "end": "00:28:34", "text": "short,"}, {"start": "00:28:33", "end": "00:28:36", "text": "I was like, \"Yeah, you know, we're"}, {"start": "00:28:34", "end": "00:28:38", "text": "actually closer to the sun right now,"}, {"start": "00:28:36", "end": "00:28:41", "text": "even though like it it's it's winter or"}, {"start": "00:28:38", "end": "00:28:43", "text": "like whatever time of year it was.\" And"}, {"start": "00:28:41", "end": "00:28:45", "text": "they were like, \"That doesn't make any"}, {"start": "00:28:43", "end": "00:28:46", "text": "sense.\" And I was like, \"Yeah, logically"}, {"start": "00:28:45", "end": "00:28:48", "text": "you you would think we're we're farther"}, {"start": "00:28:46", "end": "00:28:50", "text": "away.\" But I said no cuz like we because"}, {"start": "00:28:48", "end": "00:28:51", "text": "the earth rotates on its axis for those"}, {"start": "00:28:50", "end": "00:28:53", "text": "of you who also don't know that the"}, {"start": "00:28:51", "end": "00:28:54", "text": "earth wobbles but we can't feel it"}, {"start": "00:28:53", "end": "00:28:56", "text": "because it takes a very long time for"}, {"start": "00:28:54", "end": "00:28:59", "text": "the wobbling to happen. This is how you"}, {"start": "00:28:56", "end": "00:29:01", "text": "get the actual movement of seasons. Like"}, {"start": "00:28:59", "end": "00:29:02", "text": "look into it. It's very you you all"}, {"start": "00:29:01", "end": "00:29:04", "text": "learned this in school. Maybe you forgot"}, {"start": "00:29:02", "end": "00:29:05", "text": "it. Doesn't matter. And one of the girls"}, {"start": "00:29:04", "end": "00:29:06", "text": "was like that doesn't make any sense."}, {"start": "00:29:05", "end": "00:29:08", "text": "And I was like no it makes perfect"}, {"start": "00:29:06", "end": "00:29:09", "text": "sense. And I was like so we were talking"}, {"start": "00:29:08", "end": "00:29:12", "text": "about the wobbling and other things like"}, {"start": "00:29:09", "end": "00:29:14", "text": "that. And she was like no we have to be"}, {"start": "00:29:12", "end": "00:29:16", "text": "closer to the sun in in in summer."}, {"start": "00:29:14", "end": "00:29:18", "text": "That's how summer happens. And I said,"}, {"start": "00:29:16", "end": "00:29:21", "text": "\"No, we're farther away from it, but"}, {"start": "00:29:18", "end": "00:29:22", "text": "like our access has has tilted.\" So,"}, {"start": "00:29:21", "end": "00:29:24", "text": "we're having this whole long"}, {"start": "00:29:22", "end": "00:29:27", "text": "conversation like about clouds and"}, {"start": "00:29:24", "end": "00:29:29", "text": "weather and all these other things and"}, {"start": "00:29:27", "end": "00:29:31", "text": "none of the and and I and I was telling"}, {"start": "00:29:29", "end": "00:29:33", "text": "him, I was like, \"Google it.\""}, {"start": "00:29:31", "end": "00:29:36", "text": "I was like, \"You think I'm telling you"}, {"start": "00:29:33", "end": "00:29:38", "text": "all this because I want to be correct"}, {"start": "00:29:36", "end": "00:29:40", "text": "and I'm trying to fool all of you.\" So,"}, {"start": "00:29:38", "end": "00:29:41", "text": "seventh person arrives. He lived the"}, {"start": "00:29:40", "end": "00:29:44", "text": "closest, but for some reason, he arrived"}, {"start": "00:29:41", "end": "00:29:46", "text": "at the the the latest. and they pounced"}, {"start": "00:29:44", "end": "00:29:47", "text": "on him and they were like, \"What is the"}, {"start": "00:29:46", "end": "00:29:49", "text": "blah blah blah blah blah blah blah blah"}, {"start": "00:29:47", "end": "00:29:51", "text": "blah blah blah blah blah blah.\" And he"}, {"start": "00:29:49", "end": "00:29:52", "text": "was like, \"Well, I mean, theirs makes"}, {"start": "00:29:51", "end": "00:29:54", "text": "more sense, so I'm gonna side with"}, {"start": "00:29:52", "end": "00:29:55", "text": "them.\" And I was like, \"It doesn't"}, {"start": "00:29:54", "end": "00:29:57", "text": "matter if they're they're them talking"}, {"start": "00:29:55", "end": "00:29:59", "text": "out loud makes sense. It's what the"}, {"start": "00:29:57", "end": "00:30:01", "text": "actual science behind it is.\" So, we"}, {"start": "00:29:59", "end": "00:30:04", "text": "were talking about other things and I"}, {"start": "00:30:01", "end": "00:30:07", "text": "sat there and I realized I was like, no"}, {"start": "00:30:04", "end": "00:30:09", "text": "matter how much knowledge I actually"}, {"start": "00:30:07", "end": "00:30:11", "text": "have in me, I'm always going to be"}, {"start": "00:30:09", "end": "00:30:12", "text": "discounted."}, {"start": "00:30:11", "end": "00:30:15", "text": "It's one thing for me to tell people a"}, {"start": "00:30:12", "end": "00:30:17", "text": "certain thing. If we if we were in 1977"}, {"start": "00:30:15", "end": "00:30:19", "text": "and they couldn't Google it, cool. I was"}, {"start": "00:30:17", "end": "00:30:21", "text": "like, \"Google it.\" And then none of them"}, {"start": "00:30:19", "end": "00:30:22", "text": "I was showing them on my phone. I was"}, {"start": "00:30:21", "end": "00:30:24", "text": "like, \"This is what it is.\" And they"}, {"start": "00:30:22", "end": "00:30:25", "text": "were like, \"Where what is that? Where'd"}, {"start": "00:30:24", "end": "00:30:27", "text": "you find that?\" I thought they were"}, {"start": "00:30:25", "end": "00:30:31", "text": "playing a joke at first. No, they were"}, {"start": "00:30:27", "end": "00:30:35", "text": "just idiots. It d it drove me absolutely"}, {"start": "00:30:31", "end": "00:30:37", "text": "up the wall. No matter how my whole life"}, {"start": "00:30:35", "end": "00:30:38", "text": "when I got into real estate, it took me"}, {"start": "00:30:37", "end": "00:30:40", "text": "about a good three to four years to like"}, {"start": "00:30:38", "end": "00:30:43", "text": "really figure it out. I like I dove"}, {"start": "00:30:40", "end": "00:30:45", "text": "deep. I dove deep into it. I was"}, {"start": "00:30:43", "end": "00:30:48", "text": "watching every single YouTube video I"}, {"start": "00:30:45", "end": "00:30:50", "text": "could. I was going to all these like um"}, {"start": "00:30:48", "end": "00:30:51", "text": "like viewings and stuff like that. I was"}, {"start": "00:30:50", "end": "00:30:54", "text": "talking to the estate agents and I was"}, {"start": "00:30:51", "end": "00:30:55", "text": "like, \"What information can you tell me?"}, {"start": "00:30:54", "end": "00:30:57", "text": "How does this work? What should I be"}, {"start": "00:30:55", "end": "00:30:59", "text": "looking for?\" And they would walk me"}, {"start": "00:30:57", "end": "00:31:00", "text": "through it. Tell me what I'm looking for"}, {"start": "00:30:59", "end": "00:31:01", "text": "on the floors. What am I looking for?"}, {"start": "00:31:00", "end": "00:31:03", "text": "And they would they would show me like,"}, {"start": "00:31:01", "end": "00:31:04", "text": "\"Well, this is kind of breaking. This is"}, {"start": "00:31:03", "end": "00:31:06", "text": "so and so. You know, you can get the"}, {"start": "00:31:04", "end": "00:31:08", "text": "price lower for that.\" And I'm I'm"}, {"start": "00:31:06", "end": "00:31:10", "text": "writing all this. I'm I'm absorbing as"}, {"start": "00:31:08", "end": "00:31:12", "text": "much as I possibly could. I went back"}, {"start": "00:31:10", "end": "00:31:14", "text": "and I remember I was telling friends and"}, {"start": "00:31:12", "end": "00:31:16", "text": "family about real estate and I was like,"}, {"start": "00:31:14", "end": "00:31:17", "text": "\"We can all get into this together. We"}, {"start": "00:31:16", "end": "00:31:19", "text": "can pull our money together. We can"}, {"start": "00:31:17", "end": "00:31:21", "text": "start buying properties.\" And people"}, {"start": "00:31:19", "end": "00:31:23", "text": "were like, \"Eh, real estate sounds like"}, {"start": "00:31:21", "end": "00:31:25", "text": "a scam.\" And I was like, \"What?\" They"}, {"start": "00:31:23", "end": "00:31:26", "text": "were like, \"No, I don't really know that"}, {"start": "00:31:25", "end": "00:31:29", "text": "much about it.\" So, I'm trying to teach"}, {"start": "00:31:26", "end": "00:31:30", "text": "them about it and no one would listen. I"}, {"start": "00:31:29", "end": "00:31:33", "text": "learned about stocks before I got into"}, {"start": "00:31:30", "end": "00:31:36", "text": "crypto. I I was I was hovering around"}, {"start": "00:31:33", "end": "00:31:37", "text": "stocks, mutual funds, and gold. And I"}, {"start": "00:31:36", "end": "00:31:40", "text": "remember I was learning about the gold"}, {"start": "00:31:37", "end": "00:31:41", "text": "market. I wasn't too convinced. Gold I"}, {"start": "00:31:40", "end": "00:31:42", "text": "think is pretty, but it's not my"}, {"start": "00:31:41", "end": "00:31:45", "text": "favorite investment. So I was like,"}, {"start": "00:31:42", "end": "00:31:47", "text": "\"Okay, cool. Stocks, dividends.\" Because"}, {"start": "00:31:45", "end": "00:31:50", "text": "I told you around 2009, I remember I"}, {"start": "00:31:47", "end": "00:31:51", "text": "Googled. How do rich people get rich? I"}, {"start": "00:31:50", "end": "00:31:52", "text": "didn't understand that. I'm like, \"How"}, {"start": "00:31:51", "end": "00:31:54", "text": "how do all these people have money?\" And"}, {"start": "00:31:52", "end": "00:31:56", "text": "it was like, \"Well, you buy an asset.\""}, {"start": "00:31:54", "end": "00:31:58", "text": "So you would buy a stock and the stock"}, {"start": "00:31:56", "end": "00:31:59", "text": "gives you dividends. And the dividends,"}, {"start": "00:31:58", "end": "00:32:01", "text": "you know, every single couple of months"}, {"start": "00:31:59", "end": "00:32:02", "text": "is giving you money. If you have one"}, {"start": "00:32:01", "end": "00:32:04", "text": "stock, you're getting this many"}, {"start": "00:32:02", "end": "00:32:06", "text": "dividends. if over the multiple years"}, {"start": "00:32:04", "end": "00:32:08", "text": "you have 10,000 of that stock, you're"}, {"start": "00:32:06", "end": "00:32:09", "text": "getting a good amount of passive income."}, {"start": "00:32:08", "end": "00:32:11", "text": "And I was like, \"Oh my gosh.\" I was"}, {"start": "00:32:09", "end": "00:32:13", "text": "like, \"That's how it works.\" I remember"}, {"start": "00:32:11", "end": "00:32:14", "text": "sitting in the car. I won't say who. I"}, {"start": "00:32:13", "end": "00:32:17", "text": "was sitting in the car with someone and"}, {"start": "00:32:14", "end": "00:32:20", "text": "I poured my heart out because they also"}, {"start": "00:32:17", "end": "00:32:22", "text": "grew up poor. And I was like, \"Yo, we"}, {"start": "00:32:20", "end": "00:32:24", "text": "can make money.\" This was 2010 or"}, {"start": "00:32:22", "end": "00:32:27", "text": "something like 2011. And I was like, \"I"}, {"start": "00:32:24", "end": "00:32:29", "text": "know exactly how rich people get rich.\""}, {"start": "00:32:27", "end": "00:32:32", "text": "Told them everything."}, {"start": "00:32:29", "end": "00:32:35", "text": "And their response was, \"If it's so"}, {"start": "00:32:32", "end": "00:32:37", "text": "easy, why isn't everyone doing it?\" I"}, {"start": "00:32:35", "end": "00:32:39", "text": "will never forget their word. I I can"}, {"start": "00:32:37", "end": "00:32:41", "text": "hear them saying it."}, {"start": "00:32:39", "end": "00:32:42", "text": "They're driving the car. They looked"}, {"start": "00:32:41", "end": "00:32:44", "text": "towards me and they said, \"If it's so"}, {"start": "00:32:42", "end": "00:32:46", "text": "easy, why isn't everyone doing it?\" And"}, {"start": "00:32:44", "end": "00:32:48", "text": "I said, \"Everyone can do it. They're"}, {"start": "00:32:46", "end": "00:32:51", "text": "choosing not to."}, {"start": "00:32:48", "end": "00:32:53", "text": "Investing isn't difficult. I know where"}, {"start": "00:32:51", "end": "00:32:55", "text": "to put the money. I know where I I had"}, {"start": "00:32:53", "end": "00:32:58", "text": "looked up blue chip stocks. I had done"}, {"start": "00:32:55", "end": "00:33:00", "text": "all this work, all this like for years."}, {"start": "00:32:58", "end": "00:33:02", "text": "I had looked up what I I used to have"}, {"start": "00:33:00", "end": "00:33:04", "text": "lists. I'm I'm I'm a very big like"}, {"start": "00:33:02", "end": "00:33:05", "text": "writing on paper still kind of person. I"}, {"start": "00:33:04", "end": "00:33:07", "text": "write on digital stuff every now and"}, {"start": "00:33:05", "end": "00:33:09", "text": "again, but I love a list. I love a"}, {"start": "00:33:07", "end": "00:33:13", "text": "physical pen and paper list. And I"}, {"start": "00:33:09", "end": "00:33:16", "text": "remember I wrote out 25 companies,"}, {"start": "00:33:13", "end": "00:33:19", "text": "big gigantic monolithic companies that"}, {"start": "00:33:16", "end": "00:33:21", "text": "have been around since the early 1900s"}, {"start": "00:33:19", "end": "00:33:24", "text": "that will be around for another hundred"}, {"start": "00:33:21", "end": "00:33:27", "text": "years that had dividend rates over 2.5%"}, {"start": "00:33:24", "end": "00:33:28", "text": "to around five or 6%. And I knew I was"}, {"start": "00:33:27", "end": "00:33:32", "text": "like, I knew exactly where to start"}, {"start": "00:33:28", "end": "00:33:36", "text": "putting money. Everyone I told did not"}, {"start": "00:33:32", "end": "00:33:39", "text": "believe me. No one listened over and"}, {"start": "00:33:36", "end": "00:33:42", "text": "over and over. They didn't listen about"}, {"start": "00:33:39", "end": "00:33:44", "text": "stocks. They didn't listen about art."}, {"start": "00:33:42", "end": "00:33:47", "text": "They didn't listen about real estate."}, {"start": "00:33:44", "end": "00:33:50", "text": "They didn't listen about crypto."}, {"start": "00:33:47", "end": "00:33:53", "text": "The worst part of it all"}, {"start": "00:33:50", "end": "00:33:56", "text": "is as the years went on and my life got"}, {"start": "00:33:53", "end": "00:34:01", "text": "easier. Investing is not easy. It takes"}, {"start": "00:33:56", "end": "00:34:04", "text": "time. You w it will pay off. When my"}, {"start": "00:34:01", "end": "00:34:07", "text": "payoff began and my Instagram started"}, {"start": "00:34:04", "end": "00:34:10", "text": "looking nice and I was traveling all the"}, {"start": "00:34:07", "end": "00:34:12", "text": "time and I was I was having cake and tea"}, {"start": "00:34:10", "end": "00:34:14", "text": "with my friends everywhere that we went."}, {"start": "00:34:12", "end": "00:34:15", "text": "I have friends that they they love going"}, {"start": "00:34:14", "end": "00:34:17", "text": "they love it. They love going to very"}, {"start": "00:34:15", "end": "00:34:20", "text": "expensive"}, {"start": "00:34:17", "end": "00:34:22", "text": "restaurants and cafes around the world"}, {"start": "00:34:20", "end": "00:34:24", "text": "and we we order whatever we want. When"}, {"start": "00:34:22", "end": "00:34:25", "text": "my life started getting easier and I'm"}, {"start": "00:34:24", "end": "00:34:28", "text": "posting all these things, I started"}, {"start": "00:34:25", "end": "00:34:32", "text": "getting messages. How How are you doing"}, {"start": "00:34:28", "end": "00:34:34", "text": "all this stuff? And without bragging, I"}, {"start": "00:34:32", "end": "00:34:35", "text": "was like, I've just I've been investing."}, {"start": "00:34:34", "end": "00:34:38", "text": "I've been making money. I've been"}, {"start": "00:34:35", "end": "00:34:40", "text": "saving. I still wear the same coat. I"}, {"start": "00:34:38", "end": "00:34:43", "text": "have the same shoes. I have the same"}, {"start": "00:34:40", "end": "00:34:45", "text": "five, six pairs of of pants, the same 10"}, {"start": "00:34:43", "end": "00:34:47", "text": "pairs of socks. I wash stuff. I don't"}, {"start": "00:34:45", "end": "00:34:49", "text": "buy anything new. All my all my new"}, {"start": "00:34:47", "end": "00:34:51", "text": "money goes into new investments. And"}, {"start": "00:34:49", "end": "00:34:52", "text": "they were like, nah, come on. like you"}, {"start": "00:34:51", "end": "00:34:55", "text": "won the lottery or something. There was"}, {"start": "00:34:52", "end": "00:34:58", "text": "this this idea like, \"No, you must have"}, {"start": "00:34:55", "end": "00:35:00", "text": "this this one woman I met when I when I"}, {"start": "00:34:58", "end": "00:35:03", "text": "was in Paris one time. We were talking"}, {"start": "00:35:00", "end": "00:35:05", "text": "about stuff and she couldn't fathom that"}, {"start": "00:35:03", "end": "00:35:10", "text": "my life was easier than hers.\" And she"}, {"start": "00:35:05", "end": "00:35:13", "text": "I'll never forget this. She jokingly"}, {"start": "00:35:10", "end": "00:35:16", "text": "implied that I must have been some kind"}, {"start": "00:35:13", "end": "00:35:17", "text": "of a dealer."}, {"start": "00:35:16", "end": "00:35:20", "text": "If you're an adult, you know what I'm"}, {"start": "00:35:17", "end": "00:35:21", "text": "like a dealer of the word starts with D."}, {"start": "00:35:20", "end": "00:35:23", "text": "She was like, \"No, like you you you h"}, {"start": "00:35:21", "end": "00:35:26", "text": "you you have to like there's no way.\""}, {"start": "00:35:23", "end": "00:35:28", "text": "And I was like, \"Why am I always"}, {"start": "00:35:26", "end": "00:35:30", "text": "discounted? Why am I never believed? No"}, {"start": "00:35:28", "end": "00:35:34", "text": "matter what I say, no matter what I I"}, {"start": "00:35:30", "end": "00:35:36", "text": "can show you proof. How how long have we"}, {"start": "00:35:34", "end": "00:35:38", "text": "gone over that on this channel? I show"}, {"start": "00:35:36", "end": "00:35:40", "text": "you literally I'm showing you on screen"}, {"start": "00:35:38", "end": "00:35:42", "text": "what the hell is happening, what's going"}, {"start": "00:35:40", "end": "00:35:44", "text": "on,"}, {"start": "00:35:42", "end": "00:35:48", "text": "and people still there's this kind of"}, {"start": "00:35:44", "end": "00:35:50", "text": "like maybe he's lying. Maybe he's trying"}, {"start": "00:35:48", "end": "00:35:53", "text": "to pump that coin. I don't have the"}, {"start": "00:35:50", "end": "00:35:55", "text": "views to pump these coins."}, {"start": "00:35:53", "end": "00:35:58", "text": "If my channel every single day, there's"}, {"start": "00:35:55", "end": "00:36:00", "text": "this other financial guy. I I look at"}, {"start": "00:35:58", "end": "00:36:02", "text": "his channel sometimes and I'm like,"}, {"start": "00:36:00", "end": "00:36:04", "text": "what? He he whatever. I won't say who"}, {"start": "00:36:02", "end": "00:36:06", "text": "who say who he is, but he he stands"}, {"start": "00:36:04", "end": "00:36:08", "text": "there and he talks about finance and"}, {"start": "00:36:06", "end": "00:36:10", "text": "stuff and his videos get like half more"}, {"start": "00:36:08", "end": "00:36:12", "text": "than half a billion half a million views"}, {"start": "00:36:10", "end": "00:36:15", "text": "per day. The stuff he's talking about"}, {"start": "00:36:12", "end": "00:36:16", "text": "sometimes I sit there and I'm like, you"}, {"start": "00:36:15", "end": "00:36:18", "text": "you probably can't talk about that."}, {"start": "00:36:16", "end": "00:36:19", "text": "you're you're definitely pumping that"}, {"start": "00:36:18", "end": "00:36:21", "text": "that asset in some sort of way that"}, {"start": "00:36:19", "end": "00:36:25", "text": "might be considered insight or"}, {"start": "00:36:21", "end": "00:36:27", "text": "something. If I had those views per day,"}, {"start": "00:36:25", "end": "00:36:31", "text": "I would totally get it. I would totally"}, {"start": "00:36:27", "end": "00:36:31", "text": "understand the narrative."}, {"start": "00:36:31", "end": "00:36:35", "text": "I'm I'm really trying my best, but it's"}, {"start": "00:36:34", "end": "00:36:37", "text": "getting very difficult with this"}, {"start": "00:36:35", "end": "00:36:39", "text": "channel. It is getting extremely"}, {"start": "00:36:37", "end": "00:36:41", "text": "difficult to try and let people know"}, {"start": "00:36:39", "end": "00:36:42", "text": "what's going on. Sorry for ranting the"}, {"start": "00:36:41", "end": "00:36:44", "text": "entire video. There were other news"}, {"start": "00:36:42", "end": "00:36:46", "text": "things to talk about. We'll we'll get to"}, {"start": "00:36:44", "end": "00:36:49", "text": "it some other time."}, {"start": "00:36:46", "end": "00:36:52", "text": "I I I I was not expecting to rant during"}, {"start": "00:36:49", "end": "00:36:55", "text": "this video. Truly truly truly was not."}, {"start": "00:36:52", "end": "00:36:57", "text": "It's so confusing. I don't know why my"}, {"start": "00:36:55", "end": "00:36:59", "text": "whole life people just don't listen to"}, {"start": "00:36:57", "end": "00:37:02", "text": "the words that I say. I don't know if I"}, {"start": "00:36:59", "end": "00:37:04", "text": "appear untrustworthy. I don't know if"}, {"start": "00:37:02", "end": "00:37:06", "text": "for some reason when people look at me"}, {"start": "00:37:04", "end": "00:37:07", "text": "they go, \"Ah, I'll find my information"}, {"start": "00:37:06", "end": "00:37:11", "text": "somewhere else.\" I don't know what it"}, {"start": "00:37:07", "end": "00:37:13", "text": "is. my whole life from school from"}, {"start": "00:37:11", "end": "00:37:16", "text": "beginning to invest from finding cheap"}, {"start": "00:37:13", "end": "00:37:18", "text": "property I used to I used to find the"}, {"start": "00:37:16", "end": "00:37:21", "text": "the these apartments I told you I used"}, {"start": "00:37:18", "end": "00:37:24", "text": "to find apartments for 19,000 20 this is"}, {"start": "00:37:21", "end": "00:37:27", "text": "around 2010 2011 2012 and I was like"}, {"start": "00:37:24", "end": "00:37:29", "text": "what I was like I can easily save up I"}, {"start": "00:37:27", "end": "00:37:31", "text": "can easily save I can sell some other"}, {"start": "00:37:29", "end": "00:37:33", "text": "stuff I was selling toys I was selling"}, {"start": "00:37:31", "end": "00:37:35", "text": "comic books I was selling everything to"}, {"start": "00:37:33", "end": "00:37:37", "text": "buy like cheap property and I was"}, {"start": "00:37:35", "end": "00:37:39", "text": "telling other people I was like look at"}, {"start": "00:37:37", "end": "00:37:41", "text": "the rent compared to how much this"}, {"start": "00:37:39", "end": "00:37:43", "text": "costs. I was like, \"It's in an okay"}, {"start": "00:37:41", "end": "00:37:46", "text": "area. The area is up and coming and I"}, {"start": "00:37:43", "end": "00:37:48", "text": "still have all those properties.\""}, {"start": "00:37:46", "end": "00:37:50", "text": "But then people when they ask people"}, {"start": "00:37:48", "end": "00:37:53", "text": "will ask years later in like a snarky"}, {"start": "00:37:50", "end": "00:37:54", "text": "kind of way. I am still investing, still"}, {"start": "00:37:53", "end": "00:37:55", "text": "got those properties because it sits in"}, {"start": "00:37:54", "end": "00:37:57", "text": "the back of their head what I did."}, {"start": "00:37:55", "end": "00:38:00", "text": "They're always counting my money. That's"}, {"start": "00:37:57", "end": "00:38:02", "text": "a really big thing. As you as you become"}, {"start": "00:38:00", "end": "00:38:04", "text": "bigger in investing, people are going to"}, {"start": "00:38:02", "end": "00:38:07", "text": "begin to count your money."}, {"start": "00:38:04", "end": "00:38:09", "text": "It's going to be a thing."}, {"start": "00:38:07", "end": "00:38:10", "text": "And then it it it keeps happening where"}, {"start": "00:38:09", "end": "00:38:11", "text": "like I mentioned like, yeah, I have all"}, {"start": "00:38:10", "end": "00:38:13", "text": "my I have all my properties. I've been"}, {"start": "00:38:11", "end": "00:38:15", "text": "investing in art. And you can see it on"}, {"start": "00:38:13", "end": "00:38:17", "text": "their face. It's it's this kind of like"}, {"start": "00:38:15", "end": "00:38:20", "text": "disgust."}, {"start": "00:38:17", "end": "00:38:23", "text": "Why? I told you the same thing. I told"}, {"start": "00:38:20", "end": "00:38:25", "text": "you the exact same thing. You have the"}, {"start": "00:38:23", "end": "00:38:28", "text": "same information that I have. I withheld"}, {"start": "00:38:25", "end": "00:38:30", "text": "nothing. I told you how much it cost. I"}, {"start": "00:38:28", "end": "00:38:32", "text": "told you where to buy. I told you which"}, {"start": "00:38:30", "end": "00:38:34", "text": "stocks to get into. I told you which"}, {"start": "00:38:32", "end": "00:38:36", "text": "cryptocurrencies"}, {"start": "00:38:34", "end": "00:38:38", "text": "to look at. the ones that are the"}, {"start": "00:38:36", "end": "00:38:42", "text": "biggest coins on the market. I told you"}, {"start": "00:38:38", "end": "00:38:45", "text": "back in 2016, 2017, 2018, 2019, 2020. We"}, {"start": "00:38:42", "end": "00:38:46", "text": "went over them together."}, {"start": "00:38:45", "end": "00:38:48", "text": "I even had a video on this channel years"}, {"start": "00:38:46", "end": "00:38:50", "text": "ago where I was talking about art. I"}, {"start": "00:38:48", "end": "00:38:52", "text": "don't know if you saw that one. I told"}, {"start": "00:38:50", "end": "00:38:54", "text": "you which artist to invest in. The same"}, {"start": "00:38:52", "end": "00:38:56", "text": "artist that I put my money into."}, {"start": "00:38:54", "end": "00:38:58", "text": "There have been art pieces that a lot of"}, {"start": "00:38:56", "end": "00:38:59", "text": "you also bought as well. And I know you"}, {"start": "00:38:58", "end": "00:39:01", "text": "did cuz you were telling me in the"}, {"start": "00:38:59", "end": "00:39:05", "text": "comment section the artist was selling"}, {"start": "00:39:01", "end": "00:39:08", "text": "them for $45. $45"}, {"start": "00:39:05", "end": "00:39:10", "text": "for a print. Those prints were $67 $800"}, {"start": "00:39:08", "end": "00:39:12", "text": "now for one individual print. Most"}, {"start": "00:39:10", "end": "00:39:15", "text": "people were buying a new one every"}, {"start": "00:39:12", "end": "00:39:17", "text": "single day or every single week as as as"}, {"start": "00:39:15", "end": "00:39:19", "text": "the new additions were coming out. Do"}, {"start": "00:39:17", "end": "00:39:21", "text": "you realize that? I don't know who you"}, {"start": "00:39:19", "end": "00:39:25", "text": "are. High five to you. Some of you are"}, {"start": "00:39:21", "end": "00:39:27", "text": "sitting on 30, 40, $50,000 worth of art"}, {"start": "00:39:25", "end": "00:39:29", "text": "right now because you listen to what I"}, {"start": "00:39:27", "end": "00:39:32", "text": "said. I showed you in the video. I keep"}, {"start": "00:39:29", "end": "00:39:34", "text": "showing everyone. I give my full self"}, {"start": "00:39:32", "end": "00:39:36", "text": "every single time, no matter what I do."}, {"start": "00:39:34", "end": "00:39:38", "text": "And it always ends up in a situation"}, {"start": "00:39:36", "end": "00:39:40", "text": "where people just don't listen until"}, {"start": "00:39:38", "end": "00:39:43", "text": "later on."}, {"start": "00:39:40", "end": "00:39:46", "text": "It's insane. I knew this woman years"}, {"start": "00:39:43", "end": "00:39:48", "text": "ago. This was 2012, 2013. I was buying"}, {"start": "00:39:46", "end": "00:39:49", "text": "all this really cheap real estate and"}, {"start": "00:39:48", "end": "00:39:51", "text": "she told me that she had just sold she"}, {"start": "00:39:49", "end": "00:39:53", "text": "she was from she was from China. She had"}, {"start": "00:39:51", "end": "00:39:54", "text": "just sold her place in I think in in"}, {"start": "00:39:53", "end": "00:39:56", "text": "Beijing or something like that. And she"}, {"start": "00:39:54", "end": "00:39:58", "text": "was like, \"I don't know what to do with"}, {"start": "00:39:56", "end": "00:39:59", "text": "And I was like, \"With the money you got"}, {"start": "00:39:58", "end": "00:40:02", "text": "for that one place, you can get three"}, {"start": "00:39:59", "end": "00:40:04", "text": "apartments here.\" And she was like, \"I"}, {"start": "00:40:02", "end": "00:40:05", "text": "don't know.\" We were friends for about a"}, {"start": "00:40:04", "end": "00:40:07", "text": "good four, five, six years. Property"}, {"start": "00:40:05", "end": "00:40:11", "text": "prices were rising. It got to the point"}, {"start": "00:40:07", "end": "00:40:13", "text": "where she could barely afford one place"}, {"start": "00:40:11", "end": "00:40:15", "text": "with the money that she had. And she was"}, {"start": "00:40:13", "end": "00:40:17", "text": "like, \"I should have listened to you.\""}, {"start": "00:40:15", "end": "00:40:18", "text": "And I was like, \"Get something now. You"}, {"start": "00:40:17", "end": "00:40:20", "text": "you you you can't afford a"}, {"start": "00:40:18", "end": "00:40:21", "text": "three-bedroom.\" I was like, \"Get a"}, {"start": "00:40:20", "end": "00:40:24", "text": "studio and just rent it out to someone.\""}, {"start": "00:40:21", "end": "00:40:28", "text": "She was like, \"I don't know.\" It it gosh"}, {"start": "00:40:24", "end": "00:40:30", "text": "it's just so"}, {"start": "00:40:28", "end": "00:40:33", "text": "I don't know what it is. I truly truly"}, {"start": "00:40:30", "end": "00:40:36", "text": "truly don't know what it is."}, {"start": "00:40:33", "end": "00:40:38", "text": "Um well everyone"}, {"start": "00:40:36", "end": "00:40:40", "text": "I hope you're doing well. I hope you're"}, {"start": "00:40:38", "end": "00:40:43", "text": "all investing. I hope you're all saving"}, {"start": "00:40:40", "end": "00:40:45", "text": "money. I hope you're all listening to"}, {"start": "00:40:43", "end": "00:40:48", "text": "not not even just my news. Just listen"}, {"start": "00:40:45", "end": "00:40:50", "text": "to what's happening."}, {"start": "00:40:48", "end": "00:40:52", "text": "These billionaires are telling us we are"}, {"start": "00:40:50", "end": "00:40:55", "text": "integrating Bitcoin. We are allowing"}, {"start": "00:40:52", "end": "00:40:58", "text": "Bitcoin for mortgages. We are buying up"}, {"start": "00:40:55", "end": "00:41:00", "text": "XRP. We want 5% of all the Ether."}, {"start": "00:40:58", "end": "00:41:02", "text": "Ethereum is has all these banks and"}, {"start": "00:41:00", "end": "00:41:05", "text": "institutions who are going to be using"}, {"start": "00:41:02", "end": "00:41:09", "text": "it. And then people go,"}, {"start": "00:41:05", "end": "00:41:11", "text": "well, what's she enu doing? Well, I"}, {"start": "00:41:09", "end": "00:41:12", "text": "think I can buy a million Sheba Enu and"}, {"start": "00:41:11", "end": "00:41:16", "text": "just wait. And it's like, wait, what?"}, {"start": "00:41:12", "end": "00:41:19", "text": "What? What are you What are you doing?"}, {"start": "00:41:16", "end": "00:41:22", "text": "Um, thank you all once again for"}, {"start": "00:41:19", "end": "00:41:26", "text": "watching, listening,"}, {"start": "00:41:22", "end": "00:41:28", "text": "liking, commenting, and supporting. And"}, {"start": "00:41:26", "end": "00:41:31", "text": "I will"}, {"start": "00:41:28", "end": "00:41:35", "text": "most certainly be talking to you all"}, {"start": "00:41:31", "end": "00:41:35", "text": "soon. See you everyone."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:15", "text": "Hope you're all doing well. Hope that"}, {"start": "00:00:11", "end": "00:00:16", "text": "everyone out there is doing absolutely"}, {"start": "00:00:15", "end": "00:00:19", "text": "fantastic"}, {"start": "00:00:16", "end": "00:00:21", "text": "and that you're all having an absolutely"}, {"start": "00:00:19", "end": "00:00:24", "text": "incredible"}, {"start": "00:00:21", "end": "00:00:28", "text": "day. For those of you looking to get"}, {"start": "00:00:24", "end": "00:00:31", "text": "into real estate, I recently released a"}, {"start": "00:00:28", "end": "00:00:35", "text": "brand new book explaining how you do not"}, {"start": "00:00:31", "end": "00:00:38", "text": "need you do not need millions of dollars"}, {"start": "00:00:35", "end": "00:00:40", "text": "to create a real estate portfolio. For"}, {"start": "00:00:38", "end": "00:00:44", "text": "those of you who are interested, there"}, {"start": "00:00:40", "end": "00:00:50", "text": "is a link in the description below this"}, {"start": "00:00:44", "end": "00:00:52", "text": "video. Yeah, there's a lot to cover. Uh"}, {"start": "00:00:50", "end": "00:00:54", "text": "I mean like a lot. There's really it's"}, {"start": "00:00:52", "end": "00:00:58", "text": "actually a little bit weird how much is"}, {"start": "00:00:54", "end": "00:01:01", "text": "going on at the exact same time."}, {"start": "00:00:58", "end": "00:01:05", "text": "We seem to be nearing"}, {"start": "00:01:01", "end": "00:01:08", "text": "some kind of a transitional period"}, {"start": "00:01:05", "end": "00:01:11", "text": "within markets within the cryptocurrency"}, {"start": "00:01:08", "end": "00:01:16", "text": "space uh potentially for Bitcoin's"}, {"start": "00:01:11", "end": "00:01:18", "text": "price. Bitcoin was recently at 73,000."}, {"start": "00:01:16", "end": "00:01:21", "text": "I think that's where it was. We've been"}, {"start": "00:01:18", "end": "00:01:24", "text": "hearing for a while that Bitcoin needs"}, {"start": "00:01:21", "end": "00:01:27", "text": "to go past 75,000"}, {"start": "00:01:24", "end": "00:01:29", "text": "and that would kind of set the stage for"}, {"start": "00:01:27", "end": "00:01:34", "text": "the next leg up. 75 would solidify"}, {"start": "00:01:29", "end": "00:01:37", "text": "itself as like a a proper"}, {"start": "00:01:34", "end": "00:01:39", "text": "jumping off point to getting to 85,000"}, {"start": "00:01:37", "end": "00:01:45", "text": "and then subsequently"}, {"start": "00:01:39", "end": "00:01:47", "text": "to $100,000 per coin to revalidate"}, {"start": "00:01:45", "end": "00:01:50", "text": "the bullish trend."}, {"start": "00:01:47", "end": "00:01:54", "text": "There are discussions"}, {"start": "00:01:50", "end": "00:01:57", "text": "that world events could"}, {"start": "00:01:54", "end": "00:02:02", "text": "begin to smooth over, but my hopes not"}, {"start": "00:01:57", "end": "00:02:04", "text": "getting up for that remotely at all. Um,"}, {"start": "00:02:02", "end": "00:02:06", "text": "uh, anyway, I have a lot more to say on"}, {"start": "00:02:04", "end": "00:02:10", "text": "that, but that's something else entirely"}, {"start": "00:02:06", "end": "00:02:13", "text": "different. Uh so today in the news in"}, {"start": "00:02:10", "end": "00:02:16", "text": "very very popular news"}, {"start": "00:02:13", "end": "00:02:19", "text": "we kind of have"}, {"start": "00:02:16", "end": "00:02:22", "text": "if you haven't seen uh we've been told a"}, {"start": "00:02:19", "end": "00:02:25", "text": "couple of times that there are specific"}, {"start": "00:02:22", "end": "00:02:28", "text": "things that are going to bring the"}, {"start": "00:02:25", "end": "00:02:32", "text": "cryptocurrency market to the forefront"}, {"start": "00:02:28", "end": "00:02:34", "text": "to bring Bitcoin over uh a million"}, {"start": "00:02:32", "end": "00:02:39", "text": "dollars. And it kind of all starts with"}, {"start": "00:02:34", "end": "00:02:41", "text": "this. It is the stable coin, everything."}, {"start": "00:02:39", "end": "00:02:43", "text": "It's the tokenization that we see"}, {"start": "00:02:41", "end": "00:02:46", "text": "beginning to move forward. It's the"}, {"start": "00:02:43", "end": "00:02:49", "text": "supply crunch, which companies are"}, {"start": "00:02:46", "end": "00:02:52", "text": "actively working towards. And for some"}, {"start": "00:02:49", "end": "00:02:56", "text": "reason, at the literal center of it all,"}, {"start": "00:02:52", "end": "00:02:59", "text": "is the Clarity Act. These acts and these"}, {"start": "00:02:56", "end": "00:03:02", "text": "bills, they're normally like 600 800"}, {"start": "00:02:59", "end": "00:03:05", "text": "pages long. That's not a joke."}, {"start": "00:03:02", "end": "00:03:09", "text": "That's usually how US bills look. They"}, {"start": "00:03:05", "end": "00:03:12", "text": "look like a gigantic dictionary. Uh this"}, {"start": "00:03:09", "end": "00:03:15", "text": "is meant to be the thing that allows"}, {"start": "00:03:12", "end": "00:03:18", "text": "banks, companies, institutions, other"}, {"start": "00:03:15", "end": "00:03:20", "text": "branches of government to essentially"}, {"start": "00:03:18", "end": "00:03:24", "text": "have clarity."}, {"start": "00:03:20", "end": "00:03:26", "text": "See, uh to get into crypto how they so"}, {"start": "00:03:24", "end": "00:03:28", "text": "please."}, {"start": "00:03:26", "end": "00:03:32", "text": "It was believed that this was going to"}, {"start": "00:03:28", "end": "00:03:34", "text": "pass at the very beginning of the year"}, {"start": "00:03:32", "end": "00:03:38", "text": "and apparently we've gotten to the point"}, {"start": "00:03:34", "end": "00:03:43", "text": "where it's supposed"}, {"start": "00:03:38", "end": "00:03:47", "text": "to happen now. It says US lawmakers are"}, {"start": "00:03:43", "end": "00:03:52", "text": "pushing to pass the Clarity Act before"}, {"start": "00:03:47", "end": "00:03:55", "text": "the midterm election shift by this year."}, {"start": "00:03:52", "end": "00:03:58", "text": "Stable coin yield dispute remains key"}, {"start": "00:03:55", "end": "00:04:02", "text": "hurdle in Senate talks. Senators also"}, {"start": "00:03:58", "end": "00:04:05", "text": "expressed that delay risks are pushing"}, {"start": "00:04:02", "end": "00:04:11", "text": "the US crypto regulation timeline beyond"}, {"start": "00:04:05", "end": "00:04:16", "text": "the year 2030. So in its simplest form,"}, {"start": "00:04:11", "end": "00:04:18", "text": "the main problem appears to be that"}, {"start": "00:04:16", "end": "00:04:20", "text": "stable coins already give you a yield."}, {"start": "00:04:18", "end": "00:04:22", "text": "They give you like money for simply"}, {"start": "00:04:20", "end": "00:04:24", "text": "holding them."}, {"start": "00:04:22", "end": "00:04:27", "text": "But"}, {"start": "00:04:24", "end": "00:04:30", "text": "JP Morgan and Co. they don't want this"}, {"start": "00:04:27", "end": "00:04:31", "text": "to kind of spread. So as of right now,"}, {"start": "00:04:30", "end": "00:04:34", "text": "you can do it on Coinbase, you can do it"}, {"start": "00:04:31", "end": "00:04:37", "text": "in other like niche places, but if"}, {"start": "00:04:34", "end": "00:04:39", "text": "everyone is allowed to do this, many"}, {"start": "00:04:37", "end": "00:04:41", "text": "stable coins like this is this is a huge"}, {"start": "00:04:39", "end": "00:04:44", "text": "focal point. Listen to it and understand"}, {"start": "00:04:41", "end": "00:04:45", "text": "it very well because it sounds like it"}, {"start": "00:04:44", "end": "00:04:48", "text": "it would be nothing but this is the"}, {"start": "00:04:45", "end": "00:04:50", "text": "basis of how banks make their money."}, {"start": "00:04:48", "end": "00:04:52", "text": "You give your money to the bank and you"}, {"start": "00:04:50", "end": "00:04:55", "text": "say hold it. It's kind of the only place"}, {"start": "00:04:52", "end": "00:04:56", "text": "that we can hold our money. And at the"}, {"start": "00:04:55", "end": "00:05:00", "text": "end of the year, the bank says, \"Thank"}, {"start": "00:04:56", "end": "00:05:02", "text": "you for giving us your money. We used it"}, {"start": "00:05:00", "end": "00:05:05", "text": "to invest. We've made hundreds of"}, {"start": "00:05:02", "end": "00:05:08", "text": "billions of dollars. Here is 0.1%"}, {"start": "00:05:05", "end": "00:05:10", "text": "back on the money that you had with us.\""}, {"start": "00:05:08", "end": "00:05:12", "text": "And you go, \"Cool. Thank you. I made"}, {"start": "00:05:10", "end": "00:05:14", "text": "some money because I have no other"}, {"start": "00:05:12", "end": "00:05:17", "text": "choice. I have to have my money with"}, {"start": "00:05:14", "end": "00:05:21", "text": "you.\" stable coins offer something"}, {"start": "00:05:17", "end": "00:05:24", "text": "dramatically different. So if Walmart,"}, {"start": "00:05:21", "end": "00:05:26", "text": "if Facebook, because Facebook is also"}, {"start": "00:05:24", "end": "00:05:27", "text": "making their own new stable coin, in"}, {"start": "00:05:26", "end": "00:05:30", "text": "case you missed it, it should be"}, {"start": "00:05:27", "end": "00:05:33", "text": "launching relatively soon. And a bunch"}, {"start": "00:05:30", "end": "00:05:35", "text": "of other companies, let's say Uber,"}, {"start": "00:05:33", "end": "00:05:37", "text": "Instagram, Facebook, everything you use"}, {"start": "00:05:35", "end": "00:05:40", "text": "on a daily basis, they all announce, we"}, {"start": "00:05:37", "end": "00:05:43", "text": "all have our own stable coin. and they"}, {"start": "00:05:40", "end": "00:05:45", "text": "go, \"If you use our ecosystem, let's say"}, {"start": "00:05:43", "end": "00:05:46", "text": "you only purchase stuff on Facebook"}, {"start": "00:05:45", "end": "00:05:49", "text": "Marketplace"}, {"start": "00:05:46", "end": "00:05:52", "text": "and you use our stable coin, we'll give"}, {"start": "00:05:49", "end": "00:05:56", "text": "you two things. Not only will we give"}, {"start": "00:05:52", "end": "00:05:59", "text": "you 15% off the first year that you use"}, {"start": "00:05:56", "end": "00:06:02", "text": "this coin, 15% off of everything you"}, {"start": "00:05:59", "end": "00:06:04", "text": "buy, the the the money that you have in"}, {"start": "00:06:02", "end": "00:06:09", "text": "the stable coins. We're also going to"}, {"start": "00:06:04", "end": "00:06:09", "text": "give you a 6% interest rate per year."}, {"start": "00:06:09", "end": "00:06:14", "text": "You have no reason to use a bank"}, {"start": "00:06:11", "end": "00:06:17", "text": "anymore. Essentially, you would and"}, {"start": "00:06:14", "end": "00:06:19", "text": "people would choose to use Walmart coin."}, {"start": "00:06:17", "end": "00:06:20", "text": "Walmart is also making their own stable"}, {"start": "00:06:19", "end": "00:06:24", "text": "coin in case you missed that. You would"}, {"start": "00:06:20", "end": "00:06:26", "text": "use Facebookcoin. You would use Ubercoin"}, {"start": "00:06:24", "end": "00:06:30", "text": "because not only are you getting 15%"}, {"start": "00:06:26", "end": "00:06:32", "text": "discount, you're also getting 6% on the"}, {"start": "00:06:30", "end": "00:06:34", "text": "money that you are holding with them."}, {"start": "00:06:32", "end": "00:06:36", "text": "This means that there's no reason to"}, {"start": "00:06:34", "end": "00:06:38", "text": "have a bank account. And we've already"}, {"start": "00:06:36", "end": "00:06:41", "text": "seen money. The reason why banks"}, {"start": "00:06:38", "end": "00:06:44", "text": "originally didn't like crypto was"}, {"start": "00:06:41", "end": "00:06:50", "text": "because of the outflows onto crypto"}, {"start": "00:06:44", "end": "00:06:52", "text": "exchanges in 2017, 2018, and 2019. Any"}, {"start": "00:06:50", "end": "00:06:55", "text": "time that you send money from your bank"}, {"start": "00:06:52", "end": "00:06:58", "text": "account to Coinbase or to Binance or to"}, {"start": "00:06:55", "end": "00:07:00", "text": "Kraken, they were freezing accounts."}, {"start": "00:06:58", "end": "00:07:03", "text": "Every dollar represents a movement into"}, {"start": "00:07:00", "end": "00:07:06", "text": "a new system. If you if over the course"}, {"start": "00:07:03", "end": "00:07:09", "text": "of multiple years you've put 10,000 into"}, {"start": "00:07:06", "end": "00:07:10", "text": "crypto, that's 10,000 that's not in your"}, {"start": "00:07:09", "end": "00:07:13", "text": "bank account. That's money that the bank"}, {"start": "00:07:10", "end": "00:07:16", "text": "is missing that they are used to using"}, {"start": "00:07:13", "end": "00:07:19", "text": "to make themselves money. Now, if"}, {"start": "00:07:16", "end": "00:07:21", "text": "everyone is allowed based on the Clarity"}, {"start": "00:07:19", "end": "00:07:25", "text": "Act to create their own stable coin and"}, {"start": "00:07:21", "end": "00:07:27", "text": "offer a stable coin yield,"}, {"start": "00:07:25", "end": "00:07:28", "text": "banks collapse. There's no reason,"}, {"start": "00:07:27", "end": "00:07:31", "text": "literally, there's no reason to actually"}, {"start": "00:07:28", "end": "00:07:33", "text": "use the bank, especially, in case you"}, {"start": "00:07:31", "end": "00:07:36", "text": "missed it, if it comes to getting a"}, {"start": "00:07:33", "end": "00:07:39", "text": "loan. If you didn't see, uh, Fanny May"}, {"start": "00:07:36", "end": "00:07:40", "text": "and Freddy Mack, or more so, Fanny May,"}, {"start": "00:07:39", "end": "00:07:45", "text": "announced that they're going to be"}, {"start": "00:07:40", "end": "00:07:48", "text": "accepting Bitcoin, uh, for, um, down"}, {"start": "00:07:45", "end": "00:07:51", "text": "payments for homes in the United States."}, {"start": "00:07:48", "end": "00:07:54", "text": "Why would I use a bank? I get more bang"}, {"start": "00:07:51", "end": "00:07:56", "text": "for my buck by using cryptocurrencies."}, {"start": "00:07:54", "end": "00:07:59", "text": "This is literally the reason why this"}, {"start": "00:07:56", "end": "00:08:02", "text": "entire thing keeps stalling because the"}, {"start": "00:07:59", "end": "00:08:05", "text": "moment they say yay and go, \"Yeah, cool."}, {"start": "00:08:02", "end": "00:08:08", "text": "This has passed.\" People begin to slowly"}, {"start": "00:08:05", "end": "00:08:12", "text": "or rapidly move away from banks. Senator"}, {"start": "00:08:08", "end": "00:08:16", "text": "Lumis said that inaction now would"}, {"start": "00:08:12", "end": "00:08:20", "text": "result in delays until at least 2030."}, {"start": "00:08:16", "end": "00:08:22", "text": "She described the time now as critical"}, {"start": "00:08:20", "end": "00:08:25", "text": "for the country's financial future. She"}, {"start": "00:08:22", "end": "00:08:27", "text": "spoke as legislative priorities are"}, {"start": "00:08:25", "end": "00:08:30", "text": "likely to change before November's"}, {"start": "00:08:27", "end": "00:08:32", "text": "midterm elections."}, {"start": "00:08:30", "end": "00:08:33", "text": "She said the last administration drove"}, {"start": "00:08:32", "end": "00:08:36", "text": "away the digital asset industry. That's"}, {"start": "00:08:33", "end": "00:08:39", "text": "also not true. People don't people"}, {"start": "00:08:36", "end": "00:08:41", "text": "didn't leave the United States that way."}, {"start": "00:08:39", "end": "00:08:43", "text": "People were still doing tons of"}, {"start": "00:08:41", "end": "00:08:44", "text": "business. Like there's a whatever"}, {"start": "00:08:43", "end": "00:08:46", "text": "whatever whatever whatever whatever."}, {"start": "00:08:44", "end": "00:08:48", "text": "It's time to welcome them home with"}, {"start": "00:08:46", "end": "00:08:51", "text": "clear rules of the road. Pass the"}, {"start": "00:08:48", "end": "00:08:53", "text": "Clarity Act, she said on Twitter."}, {"start": "00:08:51", "end": "00:08:56", "text": "There's a really weird misconception"}, {"start": "00:08:53", "end": "00:08:58", "text": "that for some reason that people in the"}, {"start": "00:08:56", "end": "00:09:00", "text": "last"}, {"start": "00:08:58", "end": "00:09:02", "text": "15 years just weren't doing business in"}, {"start": "00:09:00", "end": "00:09:03", "text": "the United States because of lack of"}, {"start": "00:09:02", "end": "00:09:05", "text": "clarity. Do you know how much money"}, {"start": "00:09:03", "end": "00:09:08", "text": "there is to be made in the United"}, {"start": "00:09:05", "end": "00:09:10", "text": "States? Companies created other"}, {"start": "00:09:08", "end": "00:09:12", "text": "branches. They began to work in Dubai."}, {"start": "00:09:10", "end": "00:09:15", "text": "They began to work in parts of Europe."}, {"start": "00:09:12", "end": "00:09:18", "text": "They were working in Southeast Asia. But"}, {"start": "00:09:15", "end": "00:09:19", "text": "their their US offices still remained"}, {"start": "00:09:18", "end": "00:09:21", "text": "because that's where the bulk of the"}, {"start": "00:09:19", "end": "00:09:24", "text": "money from the world actually comes"}, {"start": "00:09:21", "end": "00:09:27", "text": "from. Do you know how how how big"}, {"start": "00:09:24", "end": "00:09:30", "text": "consumerism and buying and investing are"}, {"start": "00:09:27", "end": "00:09:32", "text": "within the United States? If you if you"}, {"start": "00:09:30", "end": "00:09:33", "text": "live somewhere else besides the US,"}, {"start": "00:09:32", "end": "00:09:36", "text": "especially if you live in Europe,"}, {"start": "00:09:33", "end": "00:09:39", "text": "Africa, Latin America, or or Asia, you"}, {"start": "00:09:36", "end": "00:09:42", "text": "can't comprehend how big these markets"}, {"start": "00:09:39", "end": "00:09:46", "text": "actually are. No one was fleeing from"}, {"start": "00:09:42", "end": "00:09:47", "text": "the US because they didn't have clear"}, {"start": "00:09:46", "end": "00:09:49", "text": "regulations. We would have had we would"}, {"start": "00:09:47", "end": "00:09:52", "text": "have seen Coinbase leave. We would have"}, {"start": "00:09:49", "end": "00:09:56", "text": "never seen Black Rockck enter the crypto"}, {"start": "00:09:52", "end": "00:09:59", "text": "market and create a a uh an ETF within"}, {"start": "00:09:56", "end": "00:10:01", "text": "the US. But whatever there seems to be"}, {"start": "00:09:59", "end": "00:10:04", "text": "for whatever reason,"}, {"start": "00:10:01", "end": "00:10:08", "text": "I don't know why"}, {"start": "00:10:04", "end": "00:10:11", "text": "these people are so adamant that this"}, {"start": "00:10:08", "end": "00:10:14", "text": "particular thing needs to pass for the"}, {"start": "00:10:11", "end": "00:10:17", "text": "future of the cryptocurrency space."}, {"start": "00:10:14", "end": "00:10:19", "text": "Crypto will be fine regardless as long"}, {"start": "00:10:17", "end": "00:10:21", "text": "as we have rules and regulations"}, {"start": "00:10:19", "end": "00:10:25", "text": "and companies know what they can and"}, {"start": "00:10:21", "end": "00:10:29", "text": "can't do for the SEC and all other laws."}, {"start": "00:10:25", "end": "00:10:32", "text": "Stable coins for some reason in the last"}, {"start": "00:10:29", "end": "00:10:37", "text": "year have become"}, {"start": "00:10:32", "end": "00:10:40", "text": "a really dramatic like thing"}, {"start": "00:10:37", "end": "00:10:42", "text": "within the US. If you haven't been here,"}, {"start": "00:10:40", "end": "00:10:45", "text": "that's what it's been."}, {"start": "00:10:42", "end": "00:10:48", "text": "For whatever reason, the last two years,"}, {"start": "00:10:45", "end": "00:10:50", "text": "everyone is acting like stable coins and"}, {"start": "00:10:48", "end": "00:10:52", "text": "central bank digital currencies are the"}, {"start": "00:10:50", "end": "00:10:54", "text": "only thing. it. I I think it's just a"}, {"start": "00:10:52", "end": "00:10:56", "text": "new narrative, but there's a lot of"}, {"start": "00:10:54", "end": "00:10:58", "text": "drama surrounding all of this. We we we"}, {"start": "00:10:56", "end": "00:11:01", "text": "typically have these every 3 to four"}, {"start": "00:10:58", "end": "00:11:02", "text": "years. Someone says staking. Staking is"}, {"start": "00:11:01", "end": "00:11:07", "text": "a new thing. If you don't have staking,"}, {"start": "00:11:02", "end": "00:11:09", "text": "you're a loser. It becomes um uh initial"}, {"start": "00:11:07", "end": "00:11:10", "text": "coin offerings. It it becomes this"}, {"start": "00:11:09", "end": "00:11:12", "text": "thing. If you don't have this thing on"}, {"start": "00:11:10", "end": "00:11:14", "text": "your protocol, you're you're going to"}, {"start": "00:11:12", "end": "00:11:17", "text": "lose out. So, I assume that the Clarity"}, {"start": "00:11:14", "end": "00:11:19", "text": "Act and stable coins is the new thing."}, {"start": "00:11:17", "end": "00:11:22", "text": "But these these people are legitimately"}, {"start": "00:11:19", "end": "00:11:24", "text": "acting like if this doesn't pass that"}, {"start": "00:11:22", "end": "00:11:26", "text": "crypto is going to zero and we will"}, {"start": "00:11:24", "end": "00:11:28", "text": "never like it doesn't."}, {"start": "00:11:26", "end": "00:11:31", "text": "Okay. So I imagine they all have their"}, {"start": "00:11:28", "end": "00:11:33", "text": "hands very deep in the cookie jar"}, {"start": "00:11:31", "end": "00:11:37", "text": "because these people are like fighting"}, {"start": "00:11:33", "end": "00:11:39", "text": "to get this thing passed. So anyh who"}, {"start": "00:11:37", "end": "00:11:41", "text": "that's the this is one of the biggest"}, {"start": "00:11:39", "end": "00:11:42", "text": "news stories right now is that people"}, {"start": "00:11:41", "end": "00:11:44", "text": "are trying to get this thing passed"}, {"start": "00:11:42", "end": "00:11:48", "text": "immediately."}, {"start": "00:11:44", "end": "00:11:52", "text": "Sure, why not? Okie dokie."}, {"start": "00:11:48", "end": "00:11:56", "text": "Let's move on."}, {"start": "00:11:52", "end": "00:11:59", "text": "Also in gigantamus news, um, companies."}, {"start": "00:11:56", "end": "00:12:00", "text": "Is that supposed to be bacteria?"}, {"start": "00:11:59", "end": "00:12:02", "text": "Okay, I think it is. There's a"}, {"start": "00:12:00", "end": "00:12:07", "text": "microscope and then it's on the the"}, {"start": "00:12:02", "end": "00:12:12", "text": "petri dish. Anyway, um so despite what"}, {"start": "00:12:07", "end": "00:12:17", "text": "prices might be doing on any given day,"}, {"start": "00:12:12", "end": "00:12:19", "text": "uh we are still seeing companies procure"}, {"start": "00:12:17", "end": "00:12:22", "text": "massive amounts of cryptocurrencies"}, {"start": "00:12:19", "end": "00:12:25", "text": "and that's probably not going to end"}, {"start": "00:12:22", "end": "00:12:29", "text": "anytime soon. There's something"}, {"start": "00:12:25", "end": "00:12:31", "text": "happening behind the scenes that we do"}, {"start": "00:12:29", "end": "00:12:35", "text": "not know about. And it it it ties into"}, {"start": "00:12:31", "end": "00:12:38", "text": "the clarity act as well. Michael Sailor,"}, {"start": "00:12:35", "end": "00:12:40", "text": "Meta Planet, all these people are acting"}, {"start": "00:12:38", "end": "00:12:43", "text": "like there's one thing that needs to"}, {"start": "00:12:40", "end": "00:12:46", "text": "happen and or"}, {"start": "00:12:43", "end": "00:12:47", "text": "that something is about to happen and"}, {"start": "00:12:46", "end": "00:12:50", "text": "this is why they've been currently doing"}, {"start": "00:12:47", "end": "00:12:52", "text": "these things in public. You understand"}, {"start": "00:12:50", "end": "00:12:54", "text": "it? It seems like there's one focal"}, {"start": "00:12:52", "end": "00:12:56", "text": "point like we know that you know crypto"}, {"start": "00:12:54", "end": "00:12:58", "text": "prices will recover and then the next"}, {"start": "00:12:56", "end": "00:13:00", "text": "having is going to happen and then"}, {"start": "00:12:58", "end": "00:13:03", "text": "another having and we'll continue to get"}, {"start": "00:13:00", "end": "00:13:05", "text": "more adoption but these people are"}, {"start": "00:13:03", "end": "00:13:07", "text": "focusing on one particular date that"}, {"start": "00:13:05", "end": "00:13:12", "text": "they're not saying out loud and it's"}, {"start": "00:13:07", "end": "00:13:16", "text": "causing this kind of frenzy to occur."}, {"start": "00:13:12", "end": "00:13:20", "text": "So, in very popular news on Sunday,"}, {"start": "00:13:16", "end": "00:13:22", "text": "Michael Sailor's firm Micro Strategy set"}, {"start": "00:13:20", "end": "00:13:26", "text": "off speculation with a social media"}, {"start": "00:13:22", "end": "00:13:29", "text": "post, suggesting another major Bitcoin"}, {"start": "00:13:26", "end": "00:13:32", "text": "purchase could be on the horizon."}, {"start": "00:13:29", "end": "00:13:35", "text": "Sailor shared the message, and I quote,"}, {"start": "00:13:32", "end": "00:13:37", "text": "\"think bigger,\""}, {"start": "00:13:35", "end": "00:13:40", "text": "alongside the company's historical"}, {"start": "00:13:37", "end": "00:13:41", "text": "record of Bitcoin acquisitions, a phrase"}, {"start": "00:13:40", "end": "00:13:45", "text": "that has consistently preceded"}, {"start": "00:13:41", "end": "00:13:48", "text": "significant buying moves before the firm"}, {"start": "00:13:45", "end": "00:13:53", "text": "uh since 2020. In March, Micro"}, {"start": "00:13:48", "end": "00:13:53", "text": "Strategy's purchase of 46,233"}, {"start": "00:13:53", "end": "00:13:58", "text": "Bitcoin was nearly three times greater"}, {"start": "00:13:56", "end": "00:14:01", "text": "than the 16,200"}, {"start": "00:13:58", "end": "00:14:03", "text": "Bitcoin mined globally over the same"}, {"start": "00:14:01", "end": "00:14:07", "text": "period. That's also been back in the"}, {"start": "00:14:03", "end": "00:14:09", "text": "news. Micro Strategy is buying three to"}, {"start": "00:14:07", "end": "00:14:11", "text": "five times"}, {"start": "00:14:09", "end": "00:14:13", "text": "the amount of Bitcoin that's actually"}, {"start": "00:14:11", "end": "00:14:16", "text": "being mined."}, {"start": "00:14:13", "end": "00:14:19", "text": "The interesting part is that those min"}, {"start": "00:14:16", "end": "00:14:20", "text": "coins never even usually enter the"}, {"start": "00:14:19", "end": "00:14:23", "text": "cryptocurrency market. They're"}, {"start": "00:14:20", "end": "00:14:25", "text": "repurchased by banks and we don't have"}, {"start": "00:14:23", "end": "00:14:29", "text": "to go over it, but yes, the the supply"}, {"start": "00:14:25", "end": "00:14:32", "text": "drain is happening right in front of us."}, {"start": "00:14:29", "end": "00:14:35", "text": "Effectively, the company snapped up a"}, {"start": "00:14:32", "end": "00:14:36", "text": "huge chunk of the new Bitcoin supply"}, {"start": "00:14:35", "end": "00:14:38", "text": "singlehandedly."}, {"start": "00:14:36", "end": "00:14:40", "text": "And there's a lot of talk about their"}, {"start": "00:14:38", "end": "00:14:43", "text": "yield as well. He said something on"}, {"start": "00:14:40", "end": "00:14:46", "text": "Twitter recently as well. He was cuz oh"}, {"start": "00:14:43", "end": "00:14:48", "text": "boy there are a lot of people who are"}, {"start": "00:14:46", "end": "00:14:51", "text": "doubting Micro Strategies"}, {"start": "00:14:48", "end": "00:14:53", "text": "strategy and what they're doing and"}, {"start": "00:14:51", "end": "00:14:57", "text": "there's something about the yield that"}, {"start": "00:14:53", "end": "00:15:00", "text": "the company offers. Apparently he said"}, {"start": "00:14:57", "end": "00:15:03", "text": "that that yield is enough to literally"}, {"start": "00:15:00", "end": "00:15:07", "text": "continue their operations"}, {"start": "00:15:03", "end": "00:15:11", "text": "into infinity. This is what he said. It"}, {"start": "00:15:07", "end": "00:15:14", "text": "says while the 2.05% 05% yield may"}, {"start": "00:15:11", "end": "00:15:16", "text": "appear attractive to some investors. The"}, {"start": "00:15:14", "end": "00:15:19", "text": "sustainability of this funding model"}, {"start": "00:15:16", "end": "00:15:22", "text": "depends on Bitcoin's price. Not"}, {"start": "00:15:19", "end": "00:15:24", "text": "experiencing prolonged flat or downward"}, {"start": "00:15:22", "end": "00:15:26", "text": "trends. In recent weeks, hundreds of"}, {"start": "00:15:24", "end": "00:15:30", "text": "millions of dollars in new capital have"}, {"start": "00:15:26", "end": "00:15:33", "text": "flowed into the STRC product ahead of"}, {"start": "00:15:30", "end": "00:15:36", "text": "the dividend date, fueling Micro"}, {"start": "00:15:33", "end": "00:15:38", "text": "Strategies continued buying spree. As"}, {"start": "00:15:36", "end": "00:15:41", "text": "long as investor interest holds, the"}, {"start": "00:15:38", "end": "00:15:43", "text": "company appears set to keep adding to"}, {"start": "00:15:41", "end": "00:15:45", "text": "its Bitcoin"}, {"start": "00:15:43", "end": "00:15:48", "text": "holdings."}, {"start": "00:15:45", "end": "00:15:53", "text": "So, it appears or would appear that"}, {"start": "00:15:48", "end": "00:15:55", "text": "Micro Strategy is like today"}, {"start": "00:15:53", "end": "00:15:57", "text": "going to be purchasing a huge amount of"}, {"start": "00:15:55", "end": "00:16:01", "text": "Bitcoin. This appears to be at least"}, {"start": "00:15:57", "end": "00:16:04", "text": "what the the theme of everything is. Uh"}, {"start": "00:16:01", "end": "00:16:09", "text": "they are exceedingly close right now. if"}, {"start": "00:16:04", "end": "00:16:11", "text": "you didn't see it, to 800,000"}, {"start": "00:16:09", "end": "00:16:14", "text": "Bitcoin"}, {"start": "00:16:11", "end": "00:16:18", "text": "just for this one company. Michael"}, {"start": "00:16:14", "end": "00:16:20", "text": "Sailor, we learned back in was it 2021"}, {"start": "00:16:18", "end": "00:16:24", "text": "or something like that, Michael Sailor"}, {"start": "00:16:20", "end": "00:16:27", "text": "himself holds 200,000 Bitcoin in his"}, {"start": "00:16:24", "end": "00:16:30", "text": "private coffers. But I we can logically"}, {"start": "00:16:27", "end": "00:16:33", "text": "assume that in the last five years he's"}, {"start": "00:16:30", "end": "00:16:37", "text": "he's he's probably sitting on at least"}, {"start": "00:16:33", "end": "00:16:40", "text": "400,000 Bitcoin just himself. Yeah. No,"}, {"start": "00:16:37", "end": "00:16:41", "text": "the accumulation. I mean, once again,"}, {"start": "00:16:40", "end": "00:16:44", "text": "we've been going over this daily. This"}, {"start": "00:16:41", "end": "00:16:47", "text": "isn't some kind of new fantastic, you"}, {"start": "00:16:44", "end": "00:16:49", "text": "know, oh my gosh, what news? This has"}, {"start": "00:16:47", "end": "00:16:51", "text": "been going on for some time. These"}, {"start": "00:16:49", "end": "00:16:54", "text": "people want an egregious amount of"}, {"start": "00:16:51", "end": "00:16:58", "text": "Bitcoin and they're going to get it. The"}, {"start": "00:16:54", "end": "00:17:00", "text": "fascination that I have is that"}, {"start": "00:16:58", "end": "00:17:02", "text": "regardless of where prices are, we see"}, {"start": "00:17:00", "end": "00:17:04", "text": "this kind of accumulation."}, {"start": "00:17:02", "end": "00:17:07", "text": "But"}, {"start": "00:17:04", "end": "00:17:10", "text": "the last month or so, no, the last two"}, {"start": "00:17:07", "end": "00:17:13", "text": "months has been really weird. There's"}, {"start": "00:17:10", "end": "00:17:15", "text": "been a huge uptick, re-uptick in"}, {"start": "00:17:13", "end": "00:17:19", "text": "companies announcing their accumulation"}, {"start": "00:17:15", "end": "00:17:21", "text": "of crypto, but the secondary part has"}, {"start": "00:17:19", "end": "00:17:24", "text": "been like the the Clarity Act thing. If"}, {"start": "00:17:21", "end": "00:17:26", "text": "you haven't seen any news on it or about"}, {"start": "00:17:24", "end": "00:17:29", "text": "what's been happening,"}, {"start": "00:17:26", "end": "00:17:33", "text": "they're all acting like"}, {"start": "00:17:29", "end": "00:17:35", "text": "by July 1st everything has to be going"}, {"start": "00:17:33", "end": "00:17:38", "text": "or all hope is lost. And even the"}, {"start": "00:17:35", "end": "00:17:40", "text": "accumulation patterns of how big things"}, {"start": "00:17:38", "end": "00:17:43", "text": "are getting, it's the same with um with"}, {"start": "00:17:40", "end": "00:17:44", "text": "Bitine. Bit mine last week and the week"}, {"start": "00:17:43", "end": "00:17:48", "text": "before they're constantly announcing"}, {"start": "00:17:44", "end": "00:17:51", "text": "like we are desperately trying to get to"}, {"start": "00:17:48", "end": "00:17:53", "text": "5% of all ether that's out there right"}, {"start": "00:17:51", "end": "00:17:56", "text": "now. We need this right before and it's"}, {"start": "00:17:53", "end": "00:18:01", "text": "like so the only thing that I have"}, {"start": "00:17:56", "end": "00:18:03", "text": "formulated in my mind that could be"}, {"start": "00:18:01", "end": "00:18:05", "text": "we know that the clarity act is very"}, {"start": "00:18:03", "end": "00:18:08", "text": "important. Okay, this is what we keep"}, {"start": "00:18:05", "end": "00:18:11", "text": "hearing from them. But there must be"}, {"start": "00:18:08", "end": "00:18:14", "text": "institutions and banks like actually"}, {"start": "00:18:11", "end": "00:18:18", "text": "knocking at the door waiting for this."}, {"start": "00:18:14", "end": "00:18:20", "text": "Like that is to say"}, {"start": "00:18:18", "end": "00:18:24", "text": "it it must be a situation where if on a"}, {"start": "00:18:20", "end": "00:18:28", "text": "Friday the Clarity Act passes,"}, {"start": "00:18:24", "end": "00:18:29", "text": "Saturday, Bitcoin's price is up by 38%."}, {"start": "00:18:28", "end": "00:18:32", "text": "This is what they're making it seem"}, {"start": "00:18:29", "end": "00:18:33", "text": "like. Like they're trying to Okay, you"}, {"start": "00:18:32", "end": "00:18:35", "text": "understand what I'm saying? But it's"}, {"start": "00:18:33", "end": "00:18:37", "text": "just it's just odd. Like they're"}, {"start": "00:18:35", "end": "00:18:39", "text": "pretending like everything is going to"}, {"start": "00:18:37", "end": "00:18:41", "text": "happen the very next day. We need to do"}, {"start": "00:18:39", "end": "00:18:42", "text": "this now. The time to act is now. We"}, {"start": "00:18:41", "end": "00:18:46", "text": "have to get this going. this and it's"}, {"start": "00:18:42", "end": "00:18:49", "text": "like, \"Okay, all right. Okay,"}, {"start": "00:18:46", "end": "00:18:51", "text": "okay, calm down.\" So, we'll see what"}, {"start": "00:18:49", "end": "00:18:54", "text": "happens, but it's it's it's something"}, {"start": "00:18:51", "end": "00:18:56", "text": "something's off."}, {"start": "00:18:54", "end": "00:18:59", "text": "Okie dokie."}, {"start": "00:18:56", "end": "00:18:59", "text": "Let's move on."}, {"start": "00:19:01", "end": "00:19:07", "text": "Also in major news,"}, {"start": "00:19:04", "end": "00:19:11", "text": "the Federal Reserve has officially"}, {"start": "00:19:07", "end": "00:19:14", "text": "approved Kraken as the first digital"}, {"start": "00:19:11", "end": "00:19:17", "text": "asset bank with direct access to the"}, {"start": "00:19:14", "end": "00:19:19", "text": "United States payment systems."}, {"start": "00:19:17", "end": "00:19:22", "text": "I'm confused as to how it's not"}, {"start": "00:19:19", "end": "00:19:24", "text": "Coinbase. Coinbase is buddy buddy with"}, {"start": "00:19:22", "end": "00:19:26", "text": "every"}, {"start": "00:19:24", "end": "00:19:29", "text": "institution in the United States. I'm"}, {"start": "00:19:26", "end": "00:19:31", "text": "actually shocked that it was Kraken who"}, {"start": "00:19:29", "end": "00:19:34", "text": "did it first. If you're not looking at"}, {"start": "00:19:31", "end": "00:19:37", "text": "the title of the article, it says,"}, {"start": "00:19:34", "end": "00:19:41", "text": "\"First crypto bank Krakens's Fed"}, {"start": "00:19:37", "end": "00:19:43", "text": "approval sparks $100,000"}, {"start": "00:19:41", "end": "00:19:46", "text": "Bitcoin warning.\""}, {"start": "00:19:43", "end": "00:19:48", "text": "For whatever reason, this is on Forbes,"}, {"start": "00:19:46", "end": "00:19:50", "text": "by the way. For whatever, and I told you"}, {"start": "00:19:48", "end": "00:19:52", "text": "that before, pay attention to where"}, {"start": "00:19:50", "end": "00:19:55", "text": "these articles are coming from. These"}, {"start": "00:19:52", "end": "00:19:57", "text": "articles aren't meant for us."}, {"start": "00:19:55", "end": "00:19:59", "text": "They're not meant for normal people."}, {"start": "00:19:57", "end": "00:20:01", "text": "They're not meant for people working a"}, {"start": "00:19:59", "end": "00:20:04", "text": "9-to-f5. These articles are meant for"}, {"start": "00:20:01", "end": "00:20:07", "text": "the very wealthy to let them know what's"}, {"start": "00:20:04", "end": "00:20:11", "text": "going on so that they are kept up to"}, {"start": "00:20:07", "end": "00:20:14", "text": "date with everything that's happening."}, {"start": "00:20:11", "end": "00:20:17", "text": "There's a weird sentiment"}, {"start": "00:20:14", "end": "00:20:20", "text": "that as Kraken has been approved that a"}, {"start": "00:20:17", "end": "00:20:22", "text": "there might be other crypto exchanges"}, {"start": "00:20:20", "end": "00:20:25", "text": "who also become"}, {"start": "00:20:22", "end": "00:20:29", "text": "crypto banks. Okay. But the secondary"}, {"start": "00:20:25", "end": "00:20:32", "text": "part is that Kraken alone becoming a"}, {"start": "00:20:29", "end": "00:20:35", "text": "crypto bank is about to once again"}, {"start": "00:20:32", "end": "00:20:38", "text": "everything is like now everything is now"}, {"start": "00:20:35", "end": "00:20:41", "text": "right now this moment"}, {"start": "00:20:38", "end": "00:20:44", "text": "that Bitcoin is about to go to $100,000"}, {"start": "00:20:41", "end": "00:20:47", "text": "in basically 24 hours."}, {"start": "00:20:44", "end": "00:20:50", "text": "That's not a joke. The Federal Reserve,"}, {"start": "00:20:47", "end": "00:20:53", "text": "it says, officially approves Kraken"}, {"start": "00:20:50", "end": "00:20:55", "text": "Financial as the first digital asset"}, {"start": "00:20:53", "end": "00:20:58", "text": "bank with direct access to the United"}, {"start": "00:20:55", "end": "00:21:01", "text": "States's payment systems."}, {"start": "00:20:58", "end": "00:21:03", "text": "The popular Bitcoin curation account at"}, {"start": "00:21:01", "end": "00:21:08", "text": "Documenting BTC posted on Twitter this"}, {"start": "00:21:03", "end": "00:21:10", "text": "week, racking up over 3,000 likes. The"}, {"start": "00:21:08", "end": "00:21:12", "text": "post set off a wave of commentary about"}, {"start": "00:21:10", "end": "00:21:14", "text": "what it means when a crypto company gets"}, {"start": "00:21:12", "end": "00:21:16", "text": "the same kind of Fed access that"}, {"start": "00:21:14", "end": "00:21:19", "text": "traditional banks have guarded for"}, {"start": "00:21:16", "end": "00:21:21", "text": "decades. There's some kind of well there"}, {"start": "00:21:19", "end": "00:21:23", "text": "is it's not even some kind of there's"}, {"start": "00:21:21", "end": "00:21:26", "text": "definitely something. Banks are a little"}, {"start": "00:21:23", "end": "00:21:28", "text": "annoyed about all of this because it"}, {"start": "00:21:26", "end": "00:21:30", "text": "basically it it's kind of like um JP"}, {"start": "00:21:28", "end": "00:21:32", "text": "Morgan said a couple of this was like a"}, {"start": "00:21:30", "end": "00:21:35", "text": "month ago they were saying how how much"}, {"start": "00:21:32", "end": "00:21:37", "text": "they disliked the Clarity Act and people"}, {"start": "00:21:35", "end": "00:21:40", "text": "were like why? They said because"}, {"start": "00:21:37", "end": "00:21:43", "text": "basically it's giving crypto exchanges"}, {"start": "00:21:40", "end": "00:21:46", "text": "the same power that banks have without"}, {"start": "00:21:43", "end": "00:21:47", "text": "them having to get banking charters"}, {"start": "00:21:46", "end": "00:21:48", "text": "without them having to go through all"}, {"start": "00:21:47", "end": "00:21:51", "text": "these things and you know all the all"}, {"start": "00:21:48", "end": "00:21:53", "text": "the the the the jumps the the the"}, {"start": "00:21:51", "end": "00:21:55", "text": "loopholes what whatever you call it"}, {"start": "00:21:53", "end": "00:21:58", "text": "jumping through all the hoops. There we"}, {"start": "00:21:55", "end": "00:22:01", "text": "go. But the problem is is that banks"}, {"start": "00:21:58", "end": "00:22:03", "text": "have been lobbying for so long that they"}, {"start": "00:22:01", "end": "00:22:06", "text": "made sure that it was difficult so that"}, {"start": "00:22:03", "end": "00:22:08", "text": "no one else could enter the club."}, {"start": "00:22:06", "end": "00:22:10", "text": "And now that crypto exchanges have"}, {"start": "00:22:08", "end": "00:22:12", "text": "figured out how to like play by the"}, {"start": "00:22:10", "end": "00:22:14", "text": "rules and do everything properly and"}, {"start": "00:22:12", "end": "00:22:16", "text": "still get ahead,"}, {"start": "00:22:14", "end": "00:22:18", "text": "banks, I mean, they're they're worried."}, {"start": "00:22:16", "end": "00:22:19", "text": "First of all, banks are garbage and most"}, {"start": "00:22:18", "end": "00:22:21", "text": "of these people are criminals. And how"}, {"start": "00:22:19", "end": "00:22:23", "text": "do we know that? Because of history and"}, {"start": "00:22:21", "end": "00:22:25", "text": "the news. I can show you like 700"}, {"start": "00:22:23", "end": "00:22:29", "text": "articles right now if you if you if you"}, {"start": "00:22:25", "end": "00:22:31", "text": "so wish. Um, the other part is that like"}, {"start": "00:22:29", "end": "00:22:34", "text": "we've figured out a new system that"}, {"start": "00:22:31", "end": "00:22:36", "text": "doesn't rely on them and they want to be"}, {"start": "00:22:34", "end": "00:22:38", "text": "a part of it. This is why you've seen"}, {"start": "00:22:36", "end": "00:22:40", "text": "Visa and Mastercard like really buddy."}, {"start": "00:22:38", "end": "00:22:44", "text": "You know, we love Ethereum. Bitcoin's"}, {"start": "00:22:40", "end": "00:22:47", "text": "amazing because we we don't need"}, {"start": "00:22:44", "end": "00:22:49", "text": "those systems anymore. Bitcoin is"}, {"start": "00:22:47", "end": "00:22:51", "text": "trading near 70,000."}, {"start": "00:22:49", "end": "00:22:53", "text": "Some market watchers think that the"}, {"start": "00:22:51", "end": "00:22:56", "text": "Kraken news is exactly the kind of"}, {"start": "00:22:53", "end": "00:23:00", "text": "institutional plumbing upgrade that"}, {"start": "00:22:56", "end": "00:23:04", "text": "could push prices towards 100,000."}, {"start": "00:23:00", "end": "00:23:06", "text": "The Kansas City Fed approved Kraken"}, {"start": "00:23:04", "end": "00:23:10", "text": "Financial, a Wyoming chartered"}, {"start": "00:23:06", "end": "00:23:12", "text": "specialurpose depository institution for"}, {"start": "00:23:10", "end": "00:23:16", "text": "a limited purpose Federal Reserve master"}, {"start": "00:23:12", "end": "00:23:18", "text": "account on the 4th of March. The term is"}, {"start": "00:23:16", "end": "00:23:22", "text": "one year. The access is restricted, but"}, {"start": "00:23:18", "end": "00:23:24", "text": "the symbolism is hard to miss. Kraken"}, {"start": "00:23:22", "end": "00:23:27", "text": "co-ceeo"}, {"start": "00:23:24", "end": "00:23:29", "text": "Arjun Seti told Fortune that Kraken went"}, {"start": "00:23:27", "end": "00:23:31", "text": "through Wyoming to get a special purpose"}, {"start": "00:23:29", "end": "00:23:34", "text": "depository institutional charter rather"}, {"start": "00:23:31", "end": "00:23:37", "text": "than the OC route other crypto firms"}, {"start": "00:23:34", "end": "00:23:41", "text": "have tried. Kraken's head of policy,"}, {"start": "00:23:37", "end": "00:23:42", "text": "Jonathan Jackam, told Reuters that the"}, {"start": "00:23:41", "end": "00:23:46", "text": "approval is a great testament to"}, {"start": "00:23:42", "end": "00:23:47", "text": "regulatory rigor and cooperation. And"}, {"start": "00:23:46", "end": "00:23:50", "text": "basically they kept patting themselves"}, {"start": "00:23:47", "end": "00:23:53", "text": "on the back. The account lets crack and"}, {"start": "00:23:50", "end": "00:23:56", "text": "hold balances at the Fed and settle in"}, {"start": "00:23:53", "end": "00:23:58", "text": "US dollars on Fed wire, bypassing the"}, {"start": "00:23:56", "end": "00:24:04", "text": "correspondent banks that crypto firms"}, {"start": "00:23:58", "end": "00:24:08", "text": "have relied on for years. Cool. Awesome."}, {"start": "00:24:04", "end": "00:24:10", "text": "Um, and then Bank of America posted"}, {"start": "00:24:08", "end": "00:24:12", "text": "something negative on their their"}, {"start": "00:24:10", "end": "00:24:16", "text": "account because why not? That just"}, {"start": "00:24:12", "end": "00:24:18", "text": "sounds like Bank of America. Cool. Um,"}, {"start": "00:24:16", "end": "00:24:21", "text": "that's the world as we have it right"}, {"start": "00:24:18", "end": "00:24:24", "text": "now. Despite"}, {"start": "00:24:21", "end": "00:24:26", "text": "what or where cryptocurrency prices"}, {"start": "00:24:24", "end": "00:24:30", "text": "might be on any given day, a lot of the"}, {"start": "00:24:26", "end": "00:24:34", "text": "news tends to be"}, {"start": "00:24:30", "end": "00:24:37", "text": "good for the long-term future of the"}, {"start": "00:24:34", "end": "00:24:39", "text": "cryptocurrency space. It kind of feels"}, {"start": "00:24:37", "end": "00:24:41", "text": "like, you know, the the the the the term"}, {"start": "00:24:39", "end": "00:24:43", "text": "like"}, {"start": "00:24:41", "end": "00:24:45", "text": "like the straw that broke the back, you"}, {"start": "00:24:43", "end": "00:24:47", "text": "know, like you keep piling stuff on top"}, {"start": "00:24:45", "end": "00:24:49", "text": "of a table. At some point, it is going"}, {"start": "00:24:47", "end": "00:24:51", "text": "to break because it has so much stuff on"}, {"start": "00:24:49", "end": "00:24:53", "text": "it. This is kind of what I'm feeling"}, {"start": "00:24:51", "end": "00:24:56", "text": "like for for crypto."}, {"start": "00:24:53", "end": "00:25:00", "text": "We keep getting non-stop news."}, {"start": "00:24:56", "end": "00:25:04", "text": "At some point, it has to push prices"}, {"start": "00:25:00", "end": "00:25:06", "text": "above 125,000 again, right? We've gotten"}, {"start": "00:25:04", "end": "00:25:08", "text": "so much news about accumulation and"}, {"start": "00:25:06", "end": "00:25:12", "text": "buying. I I said that a couple of days"}, {"start": "00:25:08", "end": "00:25:15", "text": "ago as well. We hit 125,000 prices fell."}, {"start": "00:25:12", "end": "00:25:18", "text": "Got it. But the news has been ramped up"}, {"start": "00:25:15", "end": "00:25:20", "text": "by like a 4x since then."}, {"start": "00:25:18", "end": "00:25:22", "text": "We didn't, you know, this crypto"}, {"start": "00:25:20", "end": "00:25:24", "text": "exchange didn't have a banking charter."}, {"start": "00:25:22", "end": "00:25:26", "text": "Coinbase didn't have all the extra"}, {"start": "00:25:24", "end": "00:25:28", "text": "partnerships that they have right now."}, {"start": "00:25:26", "end": "00:25:30", "text": "We didn't get the news between the SEC"}, {"start": "00:25:28", "end": "00:25:33", "text": "and the CFTC"}, {"start": "00:25:30", "end": "00:25:36", "text": "giving proper regulation. We now know"}, {"start": "00:25:33", "end": "00:25:40", "text": "that third no is it was it 13 or 18"}, {"start": "00:25:36", "end": "00:25:43", "text": "I want to say 13 different coins are"}, {"start": "00:25:40", "end": "00:25:46", "text": "officially officially on the books as"}, {"start": "00:25:43", "end": "00:25:48", "text": "commodities within the United States. I"}, {"start": "00:25:46", "end": "00:25:53", "text": "don't know it I I I I try not to think"}, {"start": "00:25:48", "end": "00:25:54", "text": "of prices being held down by"}, {"start": "00:25:53", "end": "00:25:57", "text": "institutional manipulation which is"}, {"start": "00:25:54", "end": "00:25:59", "text": "probably what it is but it it something"}, {"start": "00:25:57", "end": "00:26:04", "text": "at some point has to give way. There has"}, {"start": "00:25:59", "end": "00:26:08", "text": "to be a movement upward. We cannot"}, {"start": "00:26:04", "end": "00:26:09", "text": "as a market constantly receive good news"}, {"start": "00:26:08", "end": "00:26:12", "text": "every single day and then the prices"}, {"start": "00:26:09", "end": "00:26:14", "text": "just trend sideways. I understand you"}, {"start": "00:26:12", "end": "00:26:16", "text": "have, you know, market dynamics and you"}, {"start": "00:26:14", "end": "00:26:18", "text": "have dots and you have lines and you"}, {"start": "00:26:16", "end": "00:26:22", "text": "have the candles going up and down. But"}, {"start": "00:26:18", "end": "00:26:24", "text": "even if you have a certain structure"}, {"start": "00:26:22", "end": "00:26:27", "text": "that is there or that people think is"}, {"start": "00:26:24", "end": "00:26:29", "text": "going to happen in any other market, if"}, {"start": "00:26:27", "end": "00:26:31", "text": "people were expecting Apple and their"}, {"start": "00:26:29", "end": "00:26:36", "text": "stock to do something or Microsoft or"}, {"start": "00:26:31", "end": "00:26:40", "text": "Tesla and then you got news that you had"}, {"start": "00:26:36", "end": "00:26:42", "text": "70 million orders of of new Teslas,"}, {"start": "00:26:40", "end": "00:26:46", "text": "Tesla's stock was skyrocket. It wouldn't"}, {"start": "00:26:42", "end": "00:26:48", "text": "still follow the same thing. If if we"}, {"start": "00:26:46", "end": "00:26:50", "text": "heard Apple's stock was expecting, you"}, {"start": "00:26:48", "end": "00:26:53", "text": "know, to fall by, you know, 2% month,"}, {"start": "00:26:50", "end": "00:26:57", "text": "they're not doing too well, and then we"}, {"start": "00:26:53", "end": "00:26:59", "text": "heard that a 100 million new MacBooks"}, {"start": "00:26:57", "end": "00:27:01", "text": "sold overnight,"}, {"start": "00:26:59", "end": "00:27:04", "text": "Apple's stock wouldn't just still go"}, {"start": "00:27:01", "end": "00:27:07", "text": "down by 2% that month. You like, this is"}, {"start": "00:27:04", "end": "00:27:10", "text": "it's all quite bizarre"}, {"start": "00:27:07", "end": "00:27:12", "text": "is the point that I'm trying to make. We"}, {"start": "00:27:10", "end": "00:27:16", "text": "keep getting very good news"}, {"start": "00:27:12", "end": "00:27:19", "text": "and it just seems to"}, {"start": "00:27:16", "end": "00:27:22", "text": "not really do a lot."}, {"start": "00:27:19", "end": "00:27:24", "text": "Um, I do hope sincerely that you have"}, {"start": "00:27:22", "end": "00:27:27", "text": "all"}, {"start": "00:27:24", "end": "00:27:30", "text": "enjoyed. I do hope that you all are"}, {"start": "00:27:27", "end": "00:27:32", "text": "having an absolutely fantastic day. I"}, {"start": "00:27:30", "end": "00:27:34", "text": "hope that the rest of your week and the"}, {"start": "00:27:32", "end": "00:27:38", "text": "rest of your day ends up being great."}, {"start": "00:27:34", "end": "00:27:40", "text": "Um, thank you all once again for"}, {"start": "00:27:38", "end": "00:27:44", "text": "watching, listening, liking, commenting,"}, {"start": "00:27:40", "end": "00:27:49", "text": "and supporting. And I will most"}, {"start": "00:27:44", "end": "00:27:53", "text": "certainly be talking to you all soon."}, {"start": "00:27:49", "end": "00:27:53", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Good morning everybody. Welcome back to"}, {"start": "00:00:05", "end": "00:00:11", "text": "the channel. Welcome back for another"}, {"start": "00:00:08", "end": "00:00:14", "text": "video. Uh hope you're all doing well."}, {"start": "00:00:11", "end": "00:00:17", "text": "Hope that everyone out there is doing"}, {"start": "00:00:14", "end": "00:00:21", "text": "absolutely fantastic and that you're all"}, {"start": "00:00:17", "end": "00:00:24", "text": "having a wonderful day. Uh don't forget"}, {"start": "00:00:21", "end": "00:00:28", "text": "to follow me on social media. There's a"}, {"start": "00:00:24", "end": "00:00:30", "text": "link in the description beneath this"}, {"start": "00:00:28", "end": "00:00:33", "text": "video. Yeah, I just woke up like just"}, {"start": "00:00:30", "end": "00:00:36", "text": "just I mean I I do it like quite"}, {"start": "00:00:33", "end": "00:00:38", "text": "frequently. So, this is why my voice"}, {"start": "00:00:36", "end": "00:00:42", "text": "sounds a bit crazy. It'll get better as"}, {"start": "00:00:38", "end": "00:00:46", "text": "the um as the video goes on. Uh yeah,"}, {"start": "00:00:42", "end": "00:00:49", "text": "welcome back to I want to say relative"}, {"start": "00:00:46", "end": "00:00:51", "text": "madness, but I I don't know. Uh"}, {"start": "00:00:49", "end": "00:00:54", "text": "cryptocurrency prices, if you're not"}, {"start": "00:00:51", "end": "00:00:56", "text": "looking at the screen, are kind of all"}, {"start": "00:00:54", "end": "00:01:00", "text": "over the place just because of world"}, {"start": "00:00:56", "end": "00:01:02", "text": "events. uh they are completely shaping"}, {"start": "00:01:00", "end": "00:01:05", "text": "the way that markets are moving and have"}, {"start": "00:01:02", "end": "00:01:07", "text": "been moving for a while. It's still"}, {"start": "00:01:05", "end": "00:01:10", "text": "quite interesting that every now and"}, {"start": "00:01:07", "end": "00:01:13", "text": "again there are a number of uh what do"}, {"start": "00:01:10", "end": "00:01:16", "text": "you call it uh cryptocurrency news"}, {"start": "00:01:13", "end": "00:01:18", "text": "articles that are just kind of"}, {"start": "00:01:16", "end": "00:01:21", "text": "discussing the market as if it's moving"}, {"start": "00:01:18", "end": "00:01:25", "text": "freely on its own. No, my friend, we we"}, {"start": "00:01:21", "end": "00:01:28", "text": "are so closely tied to world financial"}, {"start": "00:01:25", "end": "00:01:31", "text": "markets and world events. Uh so, of"}, {"start": "00:01:28", "end": "00:01:34", "text": "course, this is going to uh happen. It's"}, {"start": "00:01:31", "end": "00:01:36", "text": "nothing like incredibly detrimental."}, {"start": "00:01:34", "end": "00:01:38", "text": "A lot of the negative movements that we"}, {"start": "00:01:36", "end": "00:01:42", "text": "are actually seeing are revolving"}, {"start": "00:01:38", "end": "00:01:44", "text": "heavily around uh stock markets just"}, {"start": "00:01:42", "end": "00:01:47", "text": "because of the way that they actually"}, {"start": "00:01:44", "end": "00:01:49", "text": "function. The crypto market hasn't been"}, {"start": "00:01:47", "end": "00:01:51", "text": "doing that bad, especially over the"}, {"start": "00:01:49", "end": "00:01:54", "text": "course of the last 7 days. You can kind"}, {"start": "00:01:51", "end": "00:01:55", "text": "of see around here, Bitcoin is up by"}, {"start": "00:01:54", "end": "00:01:58", "text": "7.24%,"}, {"start": "00:01:55", "end": "00:02:02", "text": "Ethereum is up by 8.85%,"}, {"start": "00:01:58", "end": "00:02:03", "text": "XRP is up by 2.48%."}, {"start": "00:02:02", "end": "00:02:06", "text": "And then you have Hyperlid, I don't know"}, {"start": "00:02:03", "end": "00:02:09", "text": "if you can see it on the screen. Yeah,"}, {"start": "00:02:06", "end": "00:02:14", "text": "you can see it. Hyperl is up by 14% over"}, {"start": "00:02:09", "end": "00:02:16", "text": "the last uh 7 days. The issue is the"}, {"start": "00:02:14", "end": "00:02:20", "text": "last 24 hours as you might be able to"}, {"start": "00:02:16", "end": "00:02:21", "text": "see just basically because of what's uh"}, {"start": "00:02:20", "end": "00:02:24", "text": "transpired. A lot of you are still"}, {"start": "00:02:21", "end": "00:02:28", "text": "sleeping but when you wake up you will"}, {"start": "00:02:24", "end": "00:02:31", "text": "be hearing about this uh news. So at the"}, {"start": "00:02:28", "end": "00:02:36", "text": "moment this is the current information"}, {"start": "00:02:31", "end": "00:02:40", "text": "that we have. There were are were"}, {"start": "00:02:36", "end": "00:02:41", "text": "discussions that were trying to go on uh"}, {"start": "00:02:40", "end": "00:02:44", "text": "between"}, {"start": "00:02:41", "end": "00:02:47", "text": "different countries and apparently"}, {"start": "00:02:44", "end": "00:02:50", "text": "they've not worked out"}, {"start": "00:02:47", "end": "00:02:52", "text": "that well and I give it to you from this"}, {"start": "00:02:50", "end": "00:02:54", "text": "vantage point. No one should have"}, {"start": "00:02:52", "end": "00:02:57", "text": "believed that they were going to work"}, {"start": "00:02:54", "end": "00:03:00", "text": "out uh in the first place. I think a lot"}, {"start": "00:02:57", "end": "00:03:02", "text": "of times when I see"}, {"start": "00:03:00", "end": "00:03:04", "text": "news, a lot of people seem to be like"}, {"start": "00:03:02", "end": "00:03:06", "text": "hopeful for things that just aren't"}, {"start": "00:03:04", "end": "00:03:09", "text": "going to happen."}, {"start": "00:03:06", "end": "00:03:11", "text": "And this was definitely one of them. A"}, {"start": "00:03:09", "end": "00:03:13", "text": "lot of times, especially when it comes"}, {"start": "00:03:11", "end": "00:03:15", "text": "to talks"}, {"start": "00:03:13", "end": "00:03:18", "text": "between countries, there's always like a"}, {"start": "00:03:15", "end": "00:03:22", "text": "really weird uh it's meant to be like a"}, {"start": "00:03:18", "end": "00:03:25", "text": "give and take, but neither side wants to"}, {"start": "00:03:22", "end": "00:03:27", "text": "give. They only want to take. So nothing"}, {"start": "00:03:25", "end": "00:03:30", "text": "to exception. I'm trying to choose my"}, {"start": "00:03:27", "end": "00:03:33", "text": "words lightly just because once again uh"}, {"start": "00:03:30", "end": "00:03:36", "text": "the algorithm is always listening and"}, {"start": "00:03:33", "end": "00:03:38", "text": "that's just how things currently are. Uh"}, {"start": "00:03:36", "end": "00:03:40", "text": "but"}, {"start": "00:03:38", "end": "00:03:44", "text": "as I've stated thousands of times before"}, {"start": "00:03:40", "end": "00:03:46", "text": "until we get like just a long period of"}, {"start": "00:03:44", "end": "00:03:48", "text": "calm"}, {"start": "00:03:46", "end": "00:03:50", "text": "around the world this is going to"}, {"start": "00:03:48", "end": "00:03:53", "text": "continue happening. If you keep having"}, {"start": "00:03:50", "end": "00:03:55", "text": "if a lot of people I think in crypto"}, {"start": "00:03:53", "end": "00:03:58", "text": "especially hello you might have been"}, {"start": "00:03:55", "end": "00:04:00", "text": "into the financial world for two years"}, {"start": "00:03:58", "end": "00:04:03", "text": "three years maybe four five something"}, {"start": "00:04:00", "end": "00:04:06", "text": "like that if you've been here for 10 15"}, {"start": "00:04:03", "end": "00:04:09", "text": "20 years this this happens quite often"}, {"start": "00:04:06", "end": "00:04:12", "text": "whenever there is a event"}, {"start": "00:04:09", "end": "00:04:14", "text": "like this one markets don't know where"}, {"start": "00:04:12", "end": "00:04:16", "text": "to go but the issue is is that this one"}, {"start": "00:04:14", "end": "00:04:18", "text": "has been persistent this one just"}, {"start": "00:04:16", "end": "00:04:21", "text": "continues on this one hasn't kind of"}, {"start": "00:04:18", "end": "00:04:22", "text": "stopped stopped. A lot of people I saw"}, {"start": "00:04:21", "end": "00:04:24", "text": "online were discussing market movements"}, {"start": "00:04:22", "end": "00:04:26", "text": "and they were like, \"I don't get it.\""}, {"start": "00:04:24", "end": "00:04:28", "text": "Like, \"Why aren't things going up?\""}, {"start": "00:04:26", "end": "00:04:31", "text": "Well, the last two years, every other"}, {"start": "00:04:28", "end": "00:04:33", "text": "day has been a discussion about um"}, {"start": "00:04:31", "end": "00:04:34", "text": "tariffs and then we had more tariffs."}, {"start": "00:04:33", "end": "00:04:36", "text": "And then remember when we had tariffs on"}, {"start": "00:04:34", "end": "00:04:39", "text": "the penguins? Yeah, I think people"}, {"start": "00:04:36", "end": "00:04:42", "text": "forgot about that one. And then when the"}, {"start": "00:04:39", "end": "00:04:45", "text": "tariff discussions kind of ended, there"}, {"start": "00:04:42", "end": "00:04:46", "text": "was a an issue between those two places"}, {"start": "00:04:45", "end": "00:04:48", "text": "and then there was an issue between"}, {"start": "00:04:46", "end": "00:04:49", "text": "those two places. And now there's"}, {"start": "00:04:48", "end": "00:04:52", "text": "another issue between another two"}, {"start": "00:04:49", "end": "00:04:56", "text": "places. There's been no breathing room"}, {"start": "00:04:52", "end": "00:04:58", "text": "for the markets, especially with"}, {"start": "00:04:56", "end": "00:05:01", "text": "analysts now actively and widely"}, {"start": "00:04:58", "end": "00:05:03", "text": "predicting the collapse of the AI"}, {"start": "00:05:01", "end": "00:05:06", "text": "bubble,"}, {"start": "00:05:03", "end": "00:05:08", "text": "which is basically nigh at this point. I"}, {"start": "00:05:06", "end": "00:05:13", "text": "told you and I've been telling you for a"}, {"start": "00:05:08", "end": "00:05:15", "text": "year and I guess uh viewer hindsight is"}, {"start": "00:05:13", "end": "00:05:17", "text": "2020. I'm not really sure. I was telling"}, {"start": "00:05:15", "end": "00:05:20", "text": "all of you for like the last year and a"}, {"start": "00:05:17", "end": "00:05:23", "text": "half that no real normal people are"}, {"start": "00:05:20", "end": "00:05:26", "text": "using AI in any heavy capacity. You"}, {"start": "00:05:23", "end": "00:05:28", "text": "might be asking chat GPT what the"}, {"start": "00:05:26", "end": "00:05:31", "text": "weather is going to look like or do"}, {"start": "00:05:28", "end": "00:05:34", "text": "these shoes look good with my bandana."}, {"start": "00:05:31", "end": "00:05:36", "text": "But um the rest of the population,"}, {"start": "00:05:34", "end": "00:05:37", "text": "billions of people are not using it cuz"}, {"start": "00:05:36", "end": "00:05:40", "text": "people are worried about being able to"}, {"start": "00:05:37", "end": "00:05:42", "text": "pay for their rent. They can't pay for"}, {"start": "00:05:40", "end": "00:05:44", "text": "food. Uh their food stamps have been"}, {"start": "00:05:42", "end": "00:05:46", "text": "cut. there's a whole bunch of other"}, {"start": "00:05:44", "end": "00:05:48", "text": "different factors. So, there's kind of"}, {"start": "00:05:46", "end": "00:05:51", "text": "this illusion"}, {"start": "00:05:48", "end": "00:05:54", "text": "that AI was taking over the world and"}, {"start": "00:05:51", "end": "00:05:57", "text": "it's just taken over the imagination"}, {"start": "00:05:54", "end": "00:05:59", "text": "of a handful of companies. And now the"}, {"start": "00:05:57", "end": "00:06:01", "text": "money that they were sloshing back and"}, {"start": "00:05:59", "end": "00:06:03", "text": "forth between themselves also has"}, {"start": "00:06:01", "end": "00:06:05", "text": "stopped slloshing. For those of you who"}, {"start": "00:06:03", "end": "00:06:07", "text": "don't know the word slosh, it means to"}, {"start": "00:06:05", "end": "00:06:09", "text": "just move around from one corner to"}, {"start": "00:06:07", "end": "00:06:12", "text": "another. It's like a very dramatic"}, {"start": "00:06:09", "end": "00:06:14", "text": "movement. Anyway, so that's also heavily"}, {"start": "00:06:12", "end": "00:06:17", "text": "in the news as well, but this is kind of"}, {"start": "00:06:14", "end": "00:06:20", "text": "the main one. So, I would also imagine"}, {"start": "00:06:17", "end": "00:06:23", "text": "that stock futures aren't uh"}, {"start": "00:06:20", "end": "00:06:26", "text": "doing as well. It says consumer"}, {"start": "00:06:23", "end": "00:06:28", "text": "confidence plunged to a record low in"}, {"start": "00:06:26", "end": "00:06:31", "text": "April as fears mounted over rising"}, {"start": "00:06:28", "end": "00:06:33", "text": "energy prices and the broader impact of"}, {"start": "00:06:31", "end": "00:06:35", "text": "the"}, {"start": "00:06:33", "end": "00:06:39", "text": "world event, according to a University"}, {"start": "00:06:35", "end": "00:06:41", "text": "of Michigan survey. So on top of people"}, {"start": "00:06:39", "end": "00:06:43", "text": "not being you might have seen these"}, {"start": "00:06:41", "end": "00:06:45", "text": "videos. I don't know we all have very"}, {"start": "00:06:43", "end": "00:06:47", "text": "different algorithms"}, {"start": "00:06:45", "end": "00:06:49", "text": "if you didn't know that like I mean"}, {"start": "00:06:47", "end": "00:06:51", "text": "completely everyone has a different"}, {"start": "00:06:49", "end": "00:06:53", "text": "algorithm on Instagram on Tik Tok on"}, {"start": "00:06:51", "end": "00:06:57", "text": "YouTube. We all see completely different"}, {"start": "00:06:53", "end": "00:07:00", "text": "things based on our particular interest."}, {"start": "00:06:57", "end": "00:07:01", "text": "And I get a lot of financial stuff. I"}, {"start": "00:07:00", "end": "00:07:04", "text": "get a lot of people, you know, talking"}, {"start": "00:07:01", "end": "00:07:08", "text": "about their issues or like little mini"}, {"start": "00:07:04", "end": "00:07:10", "text": "uh documentaries. And not only is rent"}, {"start": "00:07:08", "end": "00:07:13", "text": "doubling for a lot of people and has"}, {"start": "00:07:10", "end": "00:07:15", "text": "been for the last five, six, seven"}, {"start": "00:07:13", "end": "00:07:18", "text": "years, but now energy costs have"}, {"start": "00:07:15", "end": "00:07:21", "text": "completely skyrocketed. So, energy"}, {"start": "00:07:18", "end": "00:07:23", "text": "costs, HOA fees, um home homeowners"}, {"start": "00:07:21", "end": "00:07:25", "text": "association fees, basically land fees,"}, {"start": "00:07:23", "end": "00:07:27", "text": "and other things like that have all"}, {"start": "00:07:25", "end": "00:07:29", "text": "doubled or tripled seemingly out of"}, {"start": "00:07:27", "end": "00:07:31", "text": "nowhere in the last two years. So, I'm"}, {"start": "00:07:29", "end": "00:07:34", "text": "getting a lot of videos of people who"}, {"start": "00:07:31", "end": "00:07:36", "text": "were like, \"I can't pay my rent. The"}, {"start": "00:07:34", "end": "00:07:38", "text": "electricity did there was one guy he was"}, {"start": "00:07:36", "end": "00:07:40", "text": "showing it was him, his wife, and I"}, {"start": "00:07:38", "end": "00:07:43", "text": "think a kid.\""}, {"start": "00:07:40", "end": "00:07:46", "text": "And he was like, \"Why is my electricity,"}, {"start": "00:07:43", "end": "00:07:47", "text": "1300 for last month?\" And and this is"}, {"start": "00:07:46", "end": "00:07:50", "text": "kind of the"}, {"start": "00:07:47", "end": "00:07:53", "text": "uh the direction that everything will"}, {"start": "00:07:50", "end": "00:07:57", "text": "keep going until we actually get some"}, {"start": "00:07:53", "end": "00:08:00", "text": "kind of slowdown in all of these world"}, {"start": "00:07:57", "end": "00:08:02", "text": "events. The drop in sentiment coincided"}, {"start": "00:08:00", "end": "00:08:05", "text": "with a sharp spike in inflation"}, {"start": "00:08:02", "end": "00:08:09", "text": "expectations with respondents seeing"}, {"start": "00:08:05", "end": "00:08:10", "text": "prices up 4.8% in a year from now. A"}, {"start": "00:08:09", "end": "00:08:12", "text": "full percentage point from the March"}, {"start": "00:08:10", "end": "00:08:14", "text": "reading. So, we've also been getting"}, {"start": "00:08:12", "end": "00:08:17", "text": "apparently month- on-month. It's"}, {"start": "00:08:14", "end": "00:08:19", "text": "something like 0.8%"}, {"start": "00:08:17", "end": "00:08:21", "text": "rise in inflation within the United"}, {"start": "00:08:19", "end": "00:08:23", "text": "States. The US dollar is being printed"}, {"start": "00:08:21", "end": "00:08:27", "text": "completely into infinity. I think we're"}, {"start": "00:08:23", "end": "00:08:30", "text": "at 38 or 39 trillion dollar worth of"}, {"start": "00:08:27", "end": "00:08:33", "text": "debt just within the United States"}, {"start": "00:08:30", "end": "00:08:34", "text": "alone. And that also that's just the CPI"}, {"start": "00:08:33", "end": "00:08:36", "text": "data. That's the consumer price. That's"}, {"start": "00:08:34", "end": "00:08:37", "text": "when you go to the supermarket and you"}, {"start": "00:08:36", "end": "00:08:40", "text": "pick up some toilet paper and some"}, {"start": "00:08:37", "end": "00:08:43", "text": "oranges and some bananas. Uh the CPI"}, {"start": "00:08:40", "end": "00:08:46", "text": "data, the 4.8% is also nonsense because"}, {"start": "00:08:43", "end": "00:08:49", "text": "it's not coinciding with like rent and"}, {"start": "00:08:46", "end": "00:08:51", "text": "gas prices and insurance prices and"}, {"start": "00:08:49", "end": "00:08:54", "text": "electricity prices. So inflation once"}, {"start": "00:08:51", "end": "00:08:57", "text": "again is probably around 15 to 20% uh"}, {"start": "00:08:54", "end": "00:08:58", "text": "per year like it has been for a while."}, {"start": "00:08:57", "end": "00:09:02", "text": "Especially if you've been watching"}, {"start": "00:08:58", "end": "00:09:05", "text": "anything documentary like regarding the"}, {"start": "00:09:02", "end": "00:09:09", "text": "housing crisis or housing prices, rents"}, {"start": "00:09:05", "end": "00:09:13", "text": "haven't gone up by just 3%. Most rent"}, {"start": "00:09:09", "end": "00:09:15", "text": "since 5 years has more than doubled."}, {"start": "00:09:13", "end": "00:09:17", "text": "On top of that, there's a lot of stuff"}, {"start": "00:09:15", "end": "00:09:19", "text": "floating around the cryptocurrency"}, {"start": "00:09:17", "end": "00:09:22", "text": "space. It says crypto prices tumble"}, {"start": "00:09:19", "end": "00:09:25", "text": "after talks collapse. Bitcoin dropped by"}, {"start": "00:09:22", "end": "00:09:27", "text": "2%. It's not that bad. It could be a lot"}, {"start": "00:09:25", "end": "00:09:29", "text": "worse. Like realistically, if you"}, {"start": "00:09:27", "end": "00:09:34", "text": "haven't been in the crypto space for a"}, {"start": "00:09:29", "end": "00:09:37", "text": "very long time, our drops tended to be"}, {"start": "00:09:34", "end": "00:09:40", "text": "uh quite more dramatic. Sometimes you"}, {"start": "00:09:37", "end": "00:09:43", "text": "would wake up and Bitcoin's down by 17%."}, {"start": "00:09:40", "end": "00:09:46", "text": "I know 2% isn't the nicest thing to see,"}, {"start": "00:09:43", "end": "00:09:48", "text": "but according to a lot of analysts, the"}, {"start": "00:09:46", "end": "00:09:52", "text": "number that we're actively looking for,"}, {"start": "00:09:48", "end": "00:09:54", "text": "this has been said for two weeks now, is"}, {"start": "00:09:52", "end": "00:09:58", "text": "$75,000."}, {"start": "00:09:54", "end": "00:10:02", "text": "75,000 is meant to revalidate"}, {"start": "00:09:58", "end": "00:10:06", "text": "the bullish trend. Bitcoin has to,"}, {"start": "00:10:02", "end": "00:10:09", "text": "according to them, hit 75,000 to be able"}, {"start": "00:10:06", "end": "00:10:12", "text": "to go to 83,000. I know that sounds"}, {"start": "00:10:09", "end": "00:10:14", "text": "nonsensical, but it's more of a a the"}, {"start": "00:10:12", "end": "00:10:16", "text": "term is not show of faith. It would"}, {"start": "00:10:14", "end": "00:10:19", "text": "basically show like strength is back in"}, {"start": "00:10:16", "end": "00:10:22", "text": "the market. There is some kind of huge"}, {"start": "00:10:19", "end": "00:10:26", "text": "demand for people looking to buy"}, {"start": "00:10:22", "end": "00:10:28", "text": "cryptocurrencies. And even at the moment"}, {"start": "00:10:26", "end": "00:10:32", "text": "uh not to"}, {"start": "00:10:28", "end": "00:10:34", "text": "pop the the the the mental bubble"}, {"start": "00:10:32", "end": "00:10:38", "text": "a lot of the buying right now is mainly"}, {"start": "00:10:34", "end": "00:10:40", "text": "happening uh within the United States."}, {"start": "00:10:38", "end": "00:10:43", "text": "Yeah. A lot of other people around the"}, {"start": "00:10:40", "end": "00:10:47", "text": "world are going through a multitude of"}, {"start": "00:10:43", "end": "00:10:50", "text": "other things right now and the buying"}, {"start": "00:10:47", "end": "00:10:52", "text": "pressure is mainly coming from the US"}, {"start": "00:10:50", "end": "00:10:53", "text": "right now. These are like literally the"}, {"start": "00:10:52", "end": "00:10:55", "text": "United States is what's causing the"}, {"start": "00:10:53", "end": "00:10:57", "text": "prices of cryptocurrencies"}, {"start": "00:10:55", "end": "00:10:59", "text": "and many other assets to go a lot"}, {"start": "00:10:57", "end": "00:11:01", "text": "higher."}, {"start": "00:10:59", "end": "00:11:04", "text": "Many other people around the world"}, {"start": "00:11:01", "end": "00:11:06", "text": "whether they know it or not have uh"}, {"start": "00:11:04", "end": "00:11:08", "text": "nearly mentally checked out. I told you"}, {"start": "00:11:06", "end": "00:11:10", "text": "before a lot of people are just sitting"}, {"start": "00:11:08", "end": "00:11:11", "text": "on cash. A lot of people aren't"}, {"start": "00:11:10", "end": "00:11:14", "text": "investing at all. They aren't placing"}, {"start": "00:11:11", "end": "00:11:17", "text": "their money in any place that might be a"}, {"start": "00:11:14", "end": "00:11:21", "text": "little risky to them just because we do"}, {"start": "00:11:17", "end": "00:11:25", "text": "not know uh where this is going to fall,"}, {"start": "00:11:21", "end": "00:11:29", "text": "how it's going to uh look uh within the"}, {"start": "00:11:25", "end": "00:11:32", "text": "next couple of months. A lot of the"}, {"start": "00:11:29", "end": "00:11:34", "text": "uh a lot of the world events just"}, {"start": "00:11:32", "end": "00:11:37", "text": "seemingly keep happening whenever it"}, {"start": "00:11:34", "end": "00:11:41", "text": "looks like markets are going to actually"}, {"start": "00:11:37", "end": "00:11:45", "text": "recover. So that's also been quite fun."}, {"start": "00:11:41", "end": "00:11:48", "text": "It says XRP tumbles below a $1.33"}, {"start": "00:11:45", "end": "00:11:50", "text": "as sudden sell-off sweeps the market in"}, {"start": "00:11:48", "end": "00:11:52", "text": "the later hours of the day. XRP"}, {"start": "00:11:50", "end": "00:11:54", "text": "experienced a sharp wave of selling"}, {"start": "00:11:52", "end": "00:11:56", "text": "sending its price swiftly below a"}, {"start": "00:11:54", "end": "00:11:59", "text": "critical support level. Yeah, you see"}, {"start": "00:11:56", "end": "00:12:02", "text": "like a lot of the news is written in a"}, {"start": "00:11:59", "end": "00:12:06", "text": "way that without warning cryptocurrency"}, {"start": "00:12:02", "end": "00:12:08", "text": "prices began to fall. Nope."}, {"start": "00:12:06", "end": "00:12:12", "text": "Everything is all tied together"}, {"start": "00:12:08", "end": "00:12:15", "text": "quite tightly. Um,"}, {"start": "00:12:12", "end": "00:12:16", "text": "this is I know there are a lot of people"}, {"start": "00:12:15", "end": "00:12:18", "text": "there's a lot of a lot of news every"}, {"start": "00:12:16", "end": "00:12:20", "text": "single day as well. If you haven't been"}, {"start": "00:12:18", "end": "00:12:23", "text": "seeing it, there's a lot of news"}, {"start": "00:12:20", "end": "00:12:24", "text": "regarding cryptocurrency prices and"}, {"start": "00:12:23", "end": "00:12:26", "text": "where they're going to go. We've been"}, {"start": "00:12:24", "end": "00:12:29", "text": "getting that for weeks now. That's"}, {"start": "00:12:26", "end": "00:12:32", "text": "nothing inherently new. It's just more"}, {"start": "00:12:29", "end": "00:12:34", "text": "so there seems to be like a generalized"}, {"start": "00:12:32", "end": "00:12:38", "text": "sentiment"}, {"start": "00:12:34", "end": "00:12:40", "text": "within the crypto market about prices"}, {"start": "00:12:38", "end": "00:12:44", "text": "bouncing back, how much higher things"}, {"start": "00:12:40", "end": "00:12:46", "text": "are going to be"}, {"start": "00:12:44", "end": "00:12:49", "text": "doubling, tripling, quadrupling in"}, {"start": "00:12:46", "end": "00:12:53", "text": "price. So even when prices fall, the"}, {"start": "00:12:49", "end": "00:12:56", "text": "news is quite swift in regards to okay"}, {"start": "00:12:53", "end": "00:12:58", "text": "prices are also going to go up as well."}, {"start": "00:12:56", "end": "00:13:00", "text": "In the later hours of the day, XRP"}, {"start": "00:12:58", "end": "00:13:02", "text": "experienced a sharp wave of selling,"}, {"start": "00:13:00", "end": "00:13:04", "text": "sending its price swiftly below a"}, {"start": "00:13:02", "end": "00:13:05", "text": "critical support level. They always"}, {"start": "00:13:04", "end": "00:13:06", "text": "write that everything is a critical"}, {"start": "00:13:05", "end": "00:13:09", "text": "support level, just meant to be"}, {"start": "00:13:06", "end": "00:13:10", "text": "dramatic. The sudden spike in trading"}, {"start": "00:13:09", "end": "00:13:12", "text": "volume left little doubt that the"}, {"start": "00:13:10", "end": "00:13:14", "text": "decline was not coincidental, but rather"}, {"start": "00:13:12", "end": "00:13:17", "text": "the result of intense selling pressure"}, {"start": "00:13:14", "end": "00:13:20", "text": "across the market. The notable surge in"}, {"start": "00:13:17", "end": "00:13:22", "text": "trading activity amid XRP's steep fall"}, {"start": "00:13:20", "end": "00:13:25", "text": "signaled a highly active but unstable"}, {"start": "00:13:22", "end": "00:13:27", "text": "market climate. price hovered around"}, {"start": "00:13:25", "end": "00:13:28", "text": "support for a short while before quickly"}, {"start": "00:13:27", "end": "00:13:31", "text": "giving way, underscoring just how"}, {"start": "00:13:28", "end": "00:13:34", "text": "fragile sentiment has become. If you if"}, {"start": "00:13:31", "end": "00:13:36", "text": "you uh because I know a lot of times"}, {"start": "00:13:34", "end": "00:13:39", "text": "people stay away from certain things or"}, {"start": "00:13:36", "end": "00:13:41", "text": "it might just not be your thing, but the"}, {"start": "00:13:39", "end": "00:13:43", "text": "general sentiment around the world right"}, {"start": "00:13:41", "end": "00:13:45", "text": "now is"}, {"start": "00:13:43", "end": "00:13:48", "text": "kind of negative. Not for crypto, but"}, {"start": "00:13:45", "end": "00:13:52", "text": "like for everything. And it's once again"}, {"start": "00:13:48", "end": "00:13:55", "text": "because I say this in this way. I have a"}, {"start": "00:13:52", "end": "00:13:58", "text": "lot of family in the states and when I"}, {"start": "00:13:55", "end": "00:14:00", "text": "tell them things about world news"}, {"start": "00:13:58", "end": "00:14:03", "text": "sometimes they tend to they're quite"}, {"start": "00:14:00", "end": "00:14:04", "text": "shocked or they aren't aware that"}, {"start": "00:14:03", "end": "00:14:06", "text": "certain things are happening or that"}, {"start": "00:14:04", "end": "00:14:09", "text": "there is a general sentiment around"}, {"start": "00:14:06", "end": "00:14:11", "text": "certain things and this is apparently"}, {"start": "00:14:09", "end": "00:14:13", "text": "one of them. For whatever reason"}, {"start": "00:14:11", "end": "00:14:16", "text": "everyone around the world is getting"}, {"start": "00:14:13", "end": "00:14:18", "text": "nearly very different news. Uh but no"}, {"start": "00:14:16", "end": "00:14:21", "text": "around the world people have kind of"}, {"start": "00:14:18", "end": "00:14:23", "text": "pulled back from markets. The sentiment"}, {"start": "00:14:21", "end": "00:14:27", "text": "is very negative for everything, not"}, {"start": "00:14:23", "end": "00:14:30", "text": "just markets, just in general. There are"}, {"start": "00:14:27", "end": "00:14:32", "text": "still a lot of people online who are"}, {"start": "00:14:30", "end": "00:14:34", "text": "continuing to accumulate"}, {"start": "00:14:32", "end": "00:14:36", "text": "cryptocurrencies and they think that"}, {"start": "00:14:34", "end": "00:14:39", "text": "prices are going to go higher in the"}, {"start": "00:14:36", "end": "00:14:44", "text": "very near future. I I've told you all"}, {"start": "00:14:39", "end": "00:14:48", "text": "before I am a I'm an accumulator. So, I"}, {"start": "00:14:44", "end": "00:14:52", "text": "personally I'm still accumulating assets"}, {"start": "00:14:48", "end": "00:14:57", "text": "as it were. It's just more of a um I"}, {"start": "00:14:52", "end": "00:15:00", "text": "think prices will eventually recover. I"}, {"start": "00:14:57", "end": "00:15:02", "text": "just simply don't know when. So there"}, {"start": "00:15:00", "end": "00:15:05", "text": "there there tends to be like a hindsight"}, {"start": "00:15:02", "end": "00:15:07", "text": "kind of thing for"}, {"start": "00:15:05", "end": "00:15:09", "text": "situations like this."}, {"start": "00:15:07", "end": "00:15:12", "text": "Historically in the past when prices"}, {"start": "00:15:09", "end": "00:15:15", "text": "have fallen for assets, people tend to"}, {"start": "00:15:12", "end": "00:15:17", "text": "shy away because they don't there's huge"}, {"start": "00:15:15", "end": "00:15:20", "text": "amount of uncertainty. No one knows"}, {"start": "00:15:17", "end": "00:15:23", "text": "what's going to happen. a year later,"}, {"start": "00:15:20", "end": "00:15:24", "text": "two years later, prices recover and then"}, {"start": "00:15:23", "end": "00:15:27", "text": "people kind of go, \"Oh, I wish I had"}, {"start": "00:15:24", "end": "00:15:29", "text": "bought when that.\" So, it's like I don't"}, {"start": "00:15:27", "end": "00:15:31", "text": "want to be one of those people and I"}, {"start": "00:15:29", "end": "00:15:35", "text": "tend to just simply"}, {"start": "00:15:31", "end": "00:15:37", "text": "accumulate assets on a constant basis."}, {"start": "00:15:35", "end": "00:15:39", "text": "That's a that's a that's a a personal"}, {"start": "00:15:37", "end": "00:15:43", "text": "thing because"}, {"start": "00:15:39", "end": "00:15:46", "text": "you know uh in investing also in the"}, {"start": "00:15:43", "end": "00:15:49", "text": "news as well"}, {"start": "00:15:46", "end": "00:15:51", "text": "it says the Bitcoin price has somewhat"}, {"start": "00:15:49", "end": "00:15:55", "text": "slowed down over the weekend after a"}, {"start": "00:15:51", "end": "00:15:58", "text": "largely positive past few days slipping"}, {"start": "00:15:55", "end": "00:16:01", "text": "below 73,000 in the early hours of"}, {"start": "00:15:58", "end": "00:16:02", "text": "Saturday the 11th of April. According to"}, {"start": "00:16:01", "end": "00:16:04", "text": "an onchain analyst, investors are"}, {"start": "00:16:02", "end": "00:16:06", "text": "beginning to increase their exposure to"}, {"start": "00:16:04", "end": "00:16:08", "text": "the world's largest crypto by market"}, {"start": "00:16:06", "end": "00:16:11", "text": "capitalization. No, there's there's two"}, {"start": "00:16:08", "end": "00:16:14", "text": "things weird with that. People who are"}, {"start": "00:16:11", "end": "00:16:15", "text": "accumulating Bitcoin haven't stopped."}, {"start": "00:16:14", "end": "00:16:18", "text": "It's mainly been altcoins that have seen"}, {"start": "00:16:15", "end": "00:16:21", "text": "a rapid slowdown. The movement up that"}, {"start": "00:16:18", "end": "00:16:24", "text": "we've seen in price over the last week"}, {"start": "00:16:21", "end": "00:16:27", "text": "was because of optimism that the current"}, {"start": "00:16:24", "end": "00:16:31", "text": "world event was going to end, slow down,"}, {"start": "00:16:27", "end": "00:16:35", "text": "or that there would be a fire, if you"}, {"start": "00:16:31", "end": "00:16:37", "text": "will, that was going to uh cease."}, {"start": "00:16:35", "end": "00:16:39", "text": "That was the extra movement up. And a"}, {"start": "00:16:37", "end": "00:16:42", "text": "lot of that actually came from retail"}, {"start": "00:16:39", "end": "00:16:44", "text": "investors, everyday normal investors who"}, {"start": "00:16:42", "end": "00:16:46", "text": "were like, \"Okay, now it's time to get"}, {"start": "00:16:44", "end": "00:16:48", "text": "back into the market.\" the the heavy"}, {"start": "00:16:46", "end": "00:16:51", "text": "buying that we've seen that's actually"}, {"start": "00:16:48", "end": "00:16:53", "text": "propped up"}, {"start": "00:16:51", "end": "00:16:56", "text": "Bitcoin's price the last two months from"}, {"start": "00:16:53", "end": "00:16:58", "text": "not falling to $40,000"}, {"start": "00:16:56", "end": "00:17:02", "text": "has been the institution they're buying"}, {"start": "00:16:58", "end": "00:17:06", "text": "an enormous amount of crypto Bitcoin"}, {"start": "00:17:02", "end": "00:17:09", "text": "namely and this is basically uh what's"}, {"start": "00:17:06", "end": "00:17:12", "text": "been going on we're seeing that in the"}, {"start": "00:17:09", "end": "00:17:15", "text": "last 7 days the trend has been because"}, {"start": "00:17:12", "end": "00:17:19", "text": "it's been in the news that world events"}, {"start": "00:17:15", "end": "00:17:21", "text": "might smooth out"}, {"start": "00:17:19", "end": "00:17:24", "text": "that retail investors are jumping"}, {"start": "00:17:21", "end": "00:17:26", "text": "quickly back into the market expecting"}, {"start": "00:17:24", "end": "00:17:28", "text": "to basically make quick gains. It's"}, {"start": "00:17:26", "end": "00:17:31", "text": "always quick money. It took me years to"}, {"start": "00:17:28", "end": "00:17:34", "text": "figure that out. I just kind of assumed"}, {"start": "00:17:31", "end": "00:17:36", "text": "that retail investors were in the market"}, {"start": "00:17:34", "end": "00:17:38", "text": "because they wanted to make uh what do"}, {"start": "00:17:36", "end": "00:17:40", "text": "you call it? Like long-term wealth,"}, {"start": "00:17:38", "end": "00:17:43", "text": "generational wealth. That's not the"}, {"start": "00:17:40", "end": "00:17:46", "text": "case. around 90% of retail investors are"}, {"start": "00:17:43", "end": "00:17:50", "text": "are just here for the quick fast money."}, {"start": "00:17:46", "end": "00:17:51", "text": "But then the problem is is that a they"}, {"start": "00:17:50", "end": "00:17:55", "text": "don't make the huge amount of money that"}, {"start": "00:17:51", "end": "00:17:56", "text": "they want and b if they do they end up"}, {"start": "00:17:55", "end": "00:17:59", "text": "selling it. They end up getting rid of"}, {"start": "00:17:56", "end": "00:18:03", "text": "it. They end up not even exiting their"}, {"start": "00:17:59", "end": "00:18:05", "text": "position. I've seen there's a lot of"}, {"start": "00:18:03", "end": "00:18:08", "text": "videos floating around with either"}, {"start": "00:18:05", "end": "00:18:11", "text": "influencers who are trying to start"}, {"start": "00:18:08", "end": "00:18:12", "text": "YouTube channels about something or just"}, {"start": "00:18:11", "end": "00:18:14", "text": "people in general. There there's such a"}, {"start": "00:18:12", "end": "00:18:18", "text": "huge amount of young people who are in"}, {"start": "00:18:14", "end": "00:18:19", "text": "debt or I've seen in videos who are"}, {"start": "00:18:18", "end": "00:18:21", "text": "talking and bragging about how much"}, {"start": "00:18:19", "end": "00:18:24", "text": "money they made in a market. It can be"}, {"start": "00:18:21", "end": "00:18:25", "text": "stocks, it can be crypto"}, {"start": "00:18:24", "end": "00:18:27", "text": "and then within a year these people are"}, {"start": "00:18:25", "end": "00:18:29", "text": "in these videos and they're talking"}, {"start": "00:18:27", "end": "00:18:32", "text": "about how they lost it all. In many"}, {"start": "00:18:29", "end": "00:18:33", "text": "cases, these people, they got 85,000."}, {"start": "00:18:32", "end": "00:18:35", "text": "Some of them got half a million. And"}, {"start": "00:18:33", "end": "00:18:37", "text": "they're sitting in these like, it's so"}, {"start": "00:18:35", "end": "00:18:39", "text": "odd, guys. They're they're sitting in"}, {"start": "00:18:37", "end": "00:18:42", "text": "these like luxury apartments. They got"}, {"start": "00:18:39", "end": "00:18:44", "text": "half a million and they decided to rent"}, {"start": "00:18:42", "end": "00:18:47", "text": "out an apartment that's like 8,000 per"}, {"start": "00:18:44", "end": "00:18:50", "text": "month. And now they can't pay it anymore"}, {"start": "00:18:47", "end": "00:18:52", "text": "because they didn't do math"}, {"start": "00:18:50", "end": "00:18:54", "text": "and realize that they were basically"}, {"start": "00:18:52", "end": "00:18:57", "text": "paying $96,000"}, {"start": "00:18:54", "end": "00:18:58", "text": "per year in rent. And they're like, I"}, {"start": "00:18:57", "end": "00:19:00", "text": "have no place to go. They show that they"}, {"start": "00:18:58", "end": "00:19:02", "text": "have a nice car. It's just a really"}, {"start": "00:19:00", "end": "00:19:04", "text": "weird whatever. I I'm slightly ranting."}, {"start": "00:19:02", "end": "00:19:06", "text": "Just a very weird disconnect between"}, {"start": "00:19:04", "end": "00:19:09", "text": "reality for a lot of people. People get"}, {"start": "00:19:06", "end": "00:19:11", "text": "some money and they like spend all of it"}, {"start": "00:19:09", "end": "00:19:14", "text": "and then they are confused afterwards"}, {"start": "00:19:11", "end": "00:19:16", "text": "like as to why other people have money"}, {"start": "00:19:14", "end": "00:19:18", "text": "still. And I've I've seen a lot of"}, {"start": "00:19:16", "end": "00:19:20", "text": "people in my life acquire money like"}, {"start": "00:19:18", "end": "00:19:23", "text": "huge amounts of money and then they lose"}, {"start": "00:19:20", "end": "00:19:24", "text": "it in like two years cuz they keep"}, {"start": "00:19:23", "end": "00:19:27", "text": "thinking that it's going to pile up"}, {"start": "00:19:24", "end": "00:19:29", "text": "forever. The way that wealth is created"}, {"start": "00:19:27", "end": "00:19:31", "text": "is that you hold on to that money. You"}, {"start": "00:19:29", "end": "00:19:34", "text": "invest it into something that gives you"}, {"start": "00:19:31", "end": "00:19:35", "text": "money that gives you dividends that"}, {"start": "00:19:34", "end": "00:19:38", "text": "gives you staking. I don't know if"}, {"start": "00:19:35", "end": "00:19:39", "text": "you're just exclusively into crypto, you"}, {"start": "00:19:38", "end": "00:19:41", "text": "then stake it so that you're getting"}, {"start": "00:19:39", "end": "00:19:43", "text": "some kind of passive income. So that if"}, {"start": "00:19:41", "end": "00:19:45", "text": "something should happen because rainy"}, {"start": "00:19:43", "end": "00:19:48", "text": "days do occur, you have something to"}, {"start": "00:19:45", "end": "00:19:52", "text": "fall back on."}, {"start": "00:19:48", "end": "00:19:55", "text": "Uh-huh. Um, highlighting data from check"}, {"start": "00:19:52", "end": "00:19:57", "text": "on chain. Someone called dark fost I"}, {"start": "00:19:55", "end": "00:19:59", "text": "don't know people have weird names on"}, {"start": "00:19:57", "end": "00:20:02", "text": "Twitter based their analysis on the"}, {"start": "00:19:59", "end": "00:20:04", "text": "capital rotation net position change"}, {"start": "00:20:02", "end": "00:20:06", "text": "which measures the flow of funds between"}, {"start": "00:20:04", "end": "00:20:09", "text": "major cryptocurrencies Bitcoin in this"}, {"start": "00:20:06", "end": "00:20:12", "text": "case stable coins and fiat currencies."}, {"start": "00:20:09", "end": "00:20:14", "text": "The metric tracks whether investors are"}, {"start": "00:20:12", "end": "00:20:17", "text": "moving their capital into riskier"}, {"start": "00:20:14", "end": "00:20:20", "text": "assets, risk on sentiment or to riskfree"}, {"start": "00:20:17", "end": "00:20:22", "text": "assets. Uh flight to safety sentiment."}, {"start": "00:20:20", "end": "00:20:25", "text": "That's what we've been seeing the last"}, {"start": "00:20:22", "end": "00:20:27", "text": "two months is a lot of people have been"}, {"start": "00:20:25", "end": "00:20:29", "text": "moving to things that are as safe as"}, {"start": "00:20:27", "end": "00:20:32", "text": "humanly possible. That's that trend is"}, {"start": "00:20:29", "end": "00:20:36", "text": "probably going to continue and also end"}, {"start": "00:20:32", "end": "00:20:39", "text": "up sticking for a while just because"}, {"start": "00:20:36", "end": "00:20:41", "text": "question mark. In additional in addition"}, {"start": "00:20:39", "end": "00:20:43", "text": "the capital rotation net position change"}, {"start": "00:20:41", "end": "00:20:44", "text": "metrics calculates a 30-day net change"}, {"start": "00:20:43", "end": "00:20:46", "text": "and the digital assets realize"}, {"start": "00:20:44", "end": "00:20:48", "text": "capitalization."}, {"start": "00:20:46", "end": "00:20:51", "text": "According to dark false post bitcoins"}, {"start": "00:20:48", "end": "00:20:53", "text": "realized cat fell to an extreme low of"}, {"start": "00:20:51", "end": "00:20:54", "text": "-28 billion at the end of February and"}, {"start": "00:20:53", "end": "00:20:58", "text": "then they have a beautiful chart with"}, {"start": "00:20:54", "end": "00:21:00", "text": "all these numbers and colors and things"}, {"start": "00:20:58", "end": "00:21:02", "text": "like that over there. The market's going"}, {"start": "00:21:00", "end": "00:21:05", "text": "to recover as long as we actually end up"}, {"start": "00:21:02", "end": "00:21:08", "text": "getting some kind of positive news. the"}, {"start": "00:21:05", "end": "00:21:11", "text": "market's going to go a lot higher if we"}, {"start": "00:21:08", "end": "00:21:13", "text": "end up hearing that all this nonsense"}, {"start": "00:21:11", "end": "00:21:19", "text": "finally ends. We will probably end up"}, {"start": "00:21:13", "end": "00:21:22", "text": "seeing a $10,000 Ether and a a $200,000"}, {"start": "00:21:19", "end": "00:21:26", "text": "Bitcoin as long as the market can get"}, {"start": "00:21:22", "end": "00:21:29", "text": "like a year's worth of rest."}, {"start": "00:21:26", "end": "00:21:31", "text": "Having news like this every single day"}, {"start": "00:21:29", "end": "00:21:33", "text": "is not going is it's I mean I I can't"}, {"start": "00:21:31", "end": "00:21:35", "text": "even use the term healthy for the market"}, {"start": "00:21:33", "end": "00:21:38", "text": "because the market's not a breathing"}, {"start": "00:21:35", "end": "00:21:41", "text": "entity. But you understand it's sending"}, {"start": "00:21:38", "end": "00:21:43", "text": "fear through the minds of hundreds of"}, {"start": "00:21:41", "end": "00:21:46", "text": "millions of people who are actually in"}, {"start": "00:21:43", "end": "00:21:49", "text": "the markets and nobody knows what to do."}, {"start": "00:21:46", "end": "00:21:51", "text": "But once again, this could indeed"}, {"start": "00:21:49", "end": "00:21:53", "text": "be a good buying opportunity for those"}, {"start": "00:21:51", "end": "00:21:57", "text": "of you out there who continuously"}, {"start": "00:21:53", "end": "00:22:00", "text": "comment that you want lower prices."}, {"start": "00:21:57", "end": "00:22:02", "text": "How often do I see on here on Twitter,"}, {"start": "00:22:00", "end": "00:22:05", "text": "doesn't matter where, people discussing,"}, {"start": "00:22:02", "end": "00:22:08", "text": "you know, I'm so annoyed that Bitcoin's"}, {"start": "00:22:05", "end": "00:22:10", "text": "at 118,000. I wish it was a little I I I"}, {"start": "00:22:08", "end": "00:22:12", "text": "I remember seeing it. People saying they"}, {"start": "00:22:10", "end": "00:22:14", "text": "were upset that Bitcoin was over six"}, {"start": "00:22:12", "end": "00:22:16", "text": "figures cuz they didn't have enough time"}, {"start": "00:22:14", "end": "00:22:17", "text": "to accumulate."}, {"start": "00:22:16", "end": "00:22:19", "text": "And then Bitcoin falls below six"}, {"start": "00:22:17", "end": "00:22:21", "text": "figures. Bitcoin goes to 60some"}, {"start": "00:22:19", "end": "00:22:24", "text": "thousand. And I don't see the comments"}, {"start": "00:22:21", "end": "00:22:25", "text": "being like, \"Yeah, I'm so happy that"}, {"start": "00:22:24", "end": "00:22:28", "text": "Bitcoin's lower so I can accumulate."}, {"start": "00:22:25", "end": "00:22:30", "text": "These people also left the market.\""}, {"start": "00:22:28", "end": "00:22:32", "text": "Isn't that ridiculous? You would assume"}, {"start": "00:22:30", "end": "00:22:34", "text": "that these people have real conviction"}, {"start": "00:22:32", "end": "00:22:36", "text": "and they're here to accumulate and then"}, {"start": "00:22:34", "end": "00:22:37", "text": "they end up just as scared as everyone"}, {"start": "00:22:36", "end": "00:22:41", "text": "else. They leave the market and then"}, {"start": "00:22:37", "end": "00:22:43", "text": "when Bitcoin does"}, {"start": "00:22:41", "end": "00:22:45", "text": "go back over $100,000,"}, {"start": "00:22:43", "end": "00:22:47", "text": "these people are writing in the comment"}, {"start": "00:22:45", "end": "00:22:48", "text": "section again, \"Oh, the last two years I"}, {"start": "00:22:47", "end": "00:22:50", "text": "didn't get a chance to buy.\" It's like,"}, {"start": "00:22:48", "end": "00:22:54", "text": "okay, well,"}, {"start": "00:22:50", "end": "00:22:54", "text": "here's your chance now."}, {"start": "00:22:54", "end": "00:23:01", "text": "Also, an extremely popular news. It it"}, {"start": "00:22:58", "end": "00:23:04", "text": "it doesn't negativity in crypto doesn't"}, {"start": "00:23:01", "end": "00:23:09", "text": "last a long time. It truly truly does"}, {"start": "00:23:04", "end": "00:23:11", "text": "not. Someone by the name of Dom Quac"}, {"start": "00:23:09", "end": "00:23:14", "text": "KW"}, {"start": "00:23:11", "end": "00:23:19", "text": "has apparently reiterated their stance"}, {"start": "00:23:14", "end": "00:23:24", "text": "that XRP is going to $1,000"}, {"start": "00:23:19", "end": "00:23:25", "text": "US within the next four to five years."}, {"start": "00:23:24", "end": "00:23:28", "text": "Yeah, you might think that it's just"}, {"start": "00:23:25", "end": "00:23:33", "text": "Bitcoin and Ethereum getting a lot of"}, {"start": "00:23:28", "end": "00:23:36", "text": "that uh pumpy kind of news. Nope. XRP is"}, {"start": "00:23:33", "end": "00:23:38", "text": "also actively always in the conversation"}, {"start": "00:23:36", "end": "00:23:41", "text": "as well. There are a lot of people who"}, {"start": "00:23:38", "end": "00:23:43", "text": "think that this cycle, this year, this"}, {"start": "00:23:41", "end": "00:23:46", "text": "time that XRP is already going to go"}, {"start": "00:23:43", "end": "00:23:49", "text": "over $15 to $20. that is based off of"}, {"start": "00:23:46", "end": "00:23:52", "text": "logic that we've been hearing that there"}, {"start": "00:23:49", "end": "00:23:54", "text": "are over"}, {"start": "00:23:52", "end": "00:23:58", "text": "a dozen banks who are looking to build"}, {"start": "00:23:54", "end": "00:24:01", "text": "on top of any kind of Ripple technology"}, {"start": "00:23:58", "end": "00:24:04", "text": "and all Ripple technology is tied into"}, {"start": "00:24:01", "end": "00:24:06", "text": "XRP and therefore this would be great"}, {"start": "00:24:04", "end": "00:24:08", "text": "for the price. We're still waiting for"}, {"start": "00:24:06", "end": "00:24:12", "text": "news or information from this"}, {"start": "00:24:08", "end": "00:24:15", "text": "illustrious apparently soon Black Rockck"}, {"start": "00:24:12", "end": "00:24:19", "text": "XRP ETF that everyone is constantly"}, {"start": "00:24:15", "end": "00:24:21", "text": "throwing out there. But, and I say it"}, {"start": "00:24:19", "end": "00:24:23", "text": "this way, the news that we keep getting"}, {"start": "00:24:21", "end": "00:24:25", "text": "from analysts this year is that"}, {"start": "00:24:23", "end": "00:24:28", "text": "apparently something major is happening"}, {"start": "00:24:25", "end": "00:24:30", "text": "and is going to happen. Sounds"}, {"start": "00:24:28", "end": "00:24:31", "text": "confusing. It shouldn't be. We're"}, {"start": "00:24:30", "end": "00:24:34", "text": "talking about tokenization. We're"}, {"start": "00:24:31", "end": "00:24:36", "text": "talking about stable coinization. We're"}, {"start": "00:24:34", "end": "00:24:37", "text": "talking about central bank digital"}, {"start": "00:24:36", "end": "00:24:40", "text": "currencies. We're talking about huge"}, {"start": "00:24:37", "end": "00:24:43", "text": "flows of capital flowing onto different"}, {"start": "00:24:40", "end": "00:24:46", "text": "DeFi projects on across basically two or"}, {"start": "00:24:43", "end": "00:24:51", "text": "three different chains right now. XRP is"}, {"start": "00:24:46", "end": "00:24:54", "text": "going to be the inheritor of uh"}, {"start": "00:24:51", "end": "00:24:57", "text": "a huge portion of these things. But this"}, {"start": "00:24:54", "end": "00:25:00", "text": "is what's so keep in mind when you're"}, {"start": "00:24:57", "end": "00:25:02", "text": "talking about a $1,000 XRP in the same"}, {"start": "00:25:00", "end": "00:25:06", "text": "exact conversation you're talking about"}, {"start": "00:25:02", "end": "00:25:11", "text": "the Ethereum price. If you didn't see in"}, {"start": "00:25:06", "end": "00:25:14", "text": "the last month we had about six times"}, {"start": "00:25:11", "end": "00:25:17", "text": "where multiple analysts were discussing"}, {"start": "00:25:14", "end": "00:25:20", "text": "that Ethereum's price by the time we get"}, {"start": "00:25:17", "end": "00:25:24", "text": "to 2030"}, {"start": "00:25:20", "end": "00:25:28", "text": "is going to be $100,000 per coin."}, {"start": "00:25:24", "end": "00:25:30", "text": "These people have real conviction"}, {"start": "00:25:28", "end": "00:25:33", "text": "that all that the Clarity Act is going"}, {"start": "00:25:30", "end": "00:25:36", "text": "to pass and that it's going to be this"}, {"start": "00:25:33", "end": "00:25:39", "text": "gigantic boom"}, {"start": "00:25:36", "end": "00:25:41", "text": "for Bitcoin, Ethereum, and XRP. So,"}, {"start": "00:25:39", "end": "00:25:43", "text": "you're going to start hearing a lot more"}, {"start": "00:25:41", "end": "00:25:47", "text": "price predictions like this. They're"}, {"start": "00:25:43", "end": "00:25:53", "text": "basing it off of the fact that we"}, {"start": "00:25:47", "end": "00:25:57", "text": "have heard that by the end of this year,"}, {"start": "00:25:53", "end": "00:26:00", "text": "we are going to have trillions"}, {"start": "00:25:57", "end": "00:26:02", "text": "more dollars locked on chain on these"}, {"start": "00:26:00", "end": "00:26:05", "text": "chains. Trillions, not hundreds of"}, {"start": "00:26:02", "end": "00:26:08", "text": "millions, trillions with a T."}, {"start": "00:26:05", "end": "00:26:10", "text": "The speculation is that in in these"}, {"start": "00:26:08", "end": "00:26:12", "text": "these companies, these corporations,"}, {"start": "00:26:10", "end": "00:26:14", "text": "these banks, they'll continue to"}, {"start": "00:26:12", "end": "00:26:17", "text": "tokenize. They'll continue to stable"}, {"start": "00:26:14", "end": "00:26:19", "text": "coinize and all these other things on"}, {"start": "00:26:17", "end": "00:26:22", "text": "top of these chains. And these chains"}, {"start": "00:26:19", "end": "00:26:24", "text": "will be the recipients of around 10 to"}, {"start": "00:26:22", "end": "00:26:28", "text": "20"}, {"start": "00:26:24", "end": "00:26:31", "text": "plus trillion dollar by the year 2030."}, {"start": "00:26:28", "end": "00:26:35", "text": "That equates for them a massive movement"}, {"start": "00:26:31", "end": "00:26:38", "text": "up in price. and XRP is apparently going"}, {"start": "00:26:35", "end": "00:26:40", "text": "to be part of it as well. The statement"}, {"start": "00:26:38", "end": "00:26:43", "text": "delivered with confidence has captured"}, {"start": "00:26:40", "end": "00:26:45", "text": "the attention of the crypto community."}, {"start": "00:26:43", "end": "00:26:48", "text": "Reigniting discussions about XRP's"}, {"start": "00:26:45", "end": "00:26:52", "text": "longterm potential. In the episode,"}, {"start": "00:26:48", "end": "00:26:54", "text": "hosts Robbie and Andy spoke with Dom"}, {"start": "00:26:52", "end": "00:26:56", "text": "Quac and Phil Quac, co-founders of the"}, {"start": "00:26:54", "end": "00:26:59", "text": "company called EZA."}, {"start": "00:26:56", "end": "00:27:00", "text": "Bank XRP highlighted Dom Quark's"}, {"start": "00:26:59", "end": "00:27:02", "text": "conviction with a remark that he"}, {"start": "00:27:00", "end": "00:27:06", "text": "delivered the forecast with a straight"}, {"start": "00:27:02", "end": "00:27:10", "text": "face emphasizing the boldness of the"}, {"start": "00:27:06", "end": "00:27:13", "text": "prediction. And here's the snapshot of"}, {"start": "00:27:10", "end": "00:27:16", "text": "the I guess podcast. I assume this is a"}, {"start": "00:27:13", "end": "00:27:19", "text": "podcast uh happening right here. Yeah, I"}, {"start": "00:27:16", "end": "00:27:21", "text": "I like I've always said, there's no real"}, {"start": "00:27:19", "end": "00:27:24", "text": "negativity within the cryptocurrency"}, {"start": "00:27:21", "end": "00:27:27", "text": "market. cryptocurrency people are, if"}, {"start": "00:27:24", "end": "00:27:29", "text": "you will, a different breed. It is very"}, {"start": "00:27:27", "end": "00:27:31", "text": "difficult to like bring like negativity"}, {"start": "00:27:29", "end": "00:27:33", "text": "to us because even if we have terrible"}, {"start": "00:27:31", "end": "00:27:35", "text": "market conditions, if I I I'll give you"}, {"start": "00:27:33", "end": "00:27:39", "text": "last thought."}, {"start": "00:27:35", "end": "00:27:43", "text": "If Bitcoin was 22,000 right now,"}, {"start": "00:27:39", "end": "00:27:45", "text": "CNBC, Fox News, ABC, everyone would be"}, {"start": "00:27:43", "end": "00:27:46", "text": "talking negatively about Bitcoin."}, {"start": "00:27:45", "end": "00:27:49", "text": "There'd be a lot of people in the"}, {"start": "00:27:46", "end": "00:27:50", "text": "cryptocurrency space"}, {"start": "00:27:49", "end": "00:27:52", "text": "who would be talking about like"}, {"start": "00:27:50", "end": "00:27:55", "text": "Bitcoin's on sale. I'm glad it's this"}, {"start": "00:27:52", "end": "00:27:57", "text": "low. I can't wait to buy more. I don't"}, {"start": "00:27:55", "end": "00:27:59", "text": "know. We're I think we're all in the"}, {"start": "00:27:57", "end": "00:28:02", "text": "same bucket and this is why this is why"}, {"start": "00:27:59", "end": "00:28:05", "text": "we're all in this market together. But"}, {"start": "00:28:02", "end": "00:28:06", "text": "yeah, there's a lot of I I told you all"}, {"start": "00:28:05", "end": "00:28:08", "text": "before I don't want time to go quicker"}, {"start": "00:28:06", "end": "00:28:11", "text": "or to accelerate."}, {"start": "00:28:08", "end": "00:28:14", "text": "Time is already fast enough as it"}, {"start": "00:28:11", "end": "00:28:19", "text": "currently is. But I do find it"}, {"start": "00:28:14", "end": "00:28:23", "text": "interesting that everyone"}, {"start": "00:28:19", "end": "00:28:25", "text": "is constantly announcing that the end of"}, {"start": "00:28:23", "end": "00:28:28", "text": "this year and especially within three"}, {"start": "00:28:25", "end": "00:28:30", "text": "and a half to four years"}, {"start": "00:28:28", "end": "00:28:33", "text": "where cryptocurrency prices are going to"}, {"start": "00:28:30", "end": "00:28:36", "text": "be by 2030. We're supposed to have a"}, {"start": "00:28:33", "end": "00:28:39", "text": "million dollar Bitcoin, a $100,000"}, {"start": "00:28:36", "end": "00:28:42", "text": "Ether, and I mean, the normal numbers"}, {"start": "00:28:39", "end": "00:28:44", "text": "that I see is like a $200 XRP. I'm"}, {"start": "00:28:42", "end": "00:28:48", "text": "certain no one"}, {"start": "00:28:44", "end": "00:28:50", "text": "would be upset with a $1,000 XRP, but"}, {"start": "00:28:48", "end": "00:28:52", "text": "we'll see. This is once this is daily"}, {"start": "00:28:50", "end": "00:28:56", "text": "news. This is what keeps on happening"}, {"start": "00:28:52", "end": "00:28:59", "text": "because there's a huge amount of belief"}, {"start": "00:28:56", "end": "00:29:02", "text": "in this market. Yeah. How's everyone"}, {"start": "00:28:59", "end": "00:29:05", "text": "doing? I I know there's a lot going on."}, {"start": "00:29:02", "end": "00:29:08", "text": "Believe me, I'm also here as well. Uh"}, {"start": "00:29:05", "end": "00:29:12", "text": "taking all the news in day by day as"}, {"start": "00:29:08", "end": "00:29:13", "text": "much as I possibly can. Uh I've stopped"}, {"start": "00:29:12", "end": "00:29:16", "text": "watching like normal news. My my brain"}, {"start": "00:29:13", "end": "00:29:18", "text": "can't handle it. So sometimes I take a"}, {"start": "00:29:16", "end": "00:29:20", "text": "gander at crypto things and mainly"}, {"start": "00:29:18", "end": "00:29:23", "text": "besides that, this isn't a joke. I'm"}, {"start": "00:29:20", "end": "00:29:26", "text": "playing video games. I'm absorbing uh"}, {"start": "00:29:23", "end": "00:29:28", "text": "Pokemon content as as much as I Yep. I'm"}, {"start": "00:29:26", "end": "00:29:32", "text": "still collecting and will be for a long"}, {"start": "00:29:28", "end": "00:29:36", "text": "time. I love the hobby. Uh but yeah,"}, {"start": "00:29:32", "end": "00:29:40", "text": "there's there's just always a lot. Um I"}, {"start": "00:29:36", "end": "00:29:44", "text": "do hope that you have all enjoyed."}, {"start": "00:29:40", "end": "00:29:45", "text": "Hope you all are having a great day, a"}, {"start": "00:29:44", "end": "00:29:47", "text": "great morning, a great afternoon, a"}, {"start": "00:29:45", "end": "00:29:49", "text": "great evening, wherever you are,"}, {"start": "00:29:47", "end": "00:29:52", "text": "wherever the heck you might be. I do"}, {"start": "00:29:49", "end": "00:29:54", "text": "hope that it is absolutely fantastic."}, {"start": "00:29:52", "end": "00:29:57", "text": "Thank you all once again for watching,"}, {"start": "00:29:54", "end": "00:30:01", "text": "listening, liking, commenting, and"}, {"start": "00:29:57", "end": "00:30:02", "text": "supporting. and I will most certainly be"}, {"start": "00:30:01", "end": "00:30:06", "text": "talking"}, {"start": "00:30:02", "end": "00:30:09", "text": "to you all soon."}, {"start": "00:30:06", "end": "00:30:09", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:15", "text": "Welcome back to the channel. Hope you're"}, {"start": "00:00:12", "end": "00:00:17", "text": "all doing well. Hope you're all"}, {"start": "00:00:15", "end": "00:00:21", "text": "remembering"}, {"start": "00:00:17", "end": "00:00:24", "text": "to invest. I told you in another video"}, {"start": "00:00:21", "end": "00:00:27", "text": "uh you should all be investing every"}, {"start": "00:00:24", "end": "00:00:29", "text": "single day. Your goal"}, {"start": "00:00:27", "end": "00:00:33", "text": "every 24 hours should be to invest in"}, {"start": "00:00:29", "end": "00:00:35", "text": "something else. You got to do it. People"}, {"start": "00:00:33", "end": "00:00:37", "text": "without assets"}, {"start": "00:00:35", "end": "00:00:39", "text": "in the very near future are going to"}, {"start": "00:00:37", "end": "00:00:42", "text": "have a"}, {"start": "00:00:39", "end": "00:00:45", "text": "very difficult time. This is not a joke."}, {"start": "00:00:42", "end": "00:00:48", "text": "You need to take this seriously. Uh"}, {"start": "00:00:45", "end": "00:00:52", "text": "welcome back for another video. Don't"}, {"start": "00:00:48", "end": "00:00:54", "text": "forget to uh follow me on social media."}, {"start": "00:00:52", "end": "00:00:59", "text": "There are links in the description below"}, {"start": "00:00:54", "end": "00:01:03", "text": "the video. Uh yeah, without any further"}, {"start": "00:00:59", "end": "00:01:05", "text": "ado, let's jump right into it. Companies"}, {"start": "00:01:03", "end": "00:01:09", "text": "and institutions the last few weeks have"}, {"start": "00:01:05", "end": "00:01:12", "text": "been flexing their muscles. That doesn't"}, {"start": "00:01:09", "end": "00:01:14", "text": "sound correct either. Uh basically a lot"}, {"start": "00:01:12", "end": "00:01:17", "text": "of infrastructure is being created"}, {"start": "00:01:14", "end": "00:01:21", "text": "around the cryptocurrency market at a"}, {"start": "00:01:17", "end": "00:01:24", "text": "more accelerated pace than we've"}, {"start": "00:01:21", "end": "00:01:26", "text": "previously seen before. We've had a lot"}, {"start": "00:01:24", "end": "00:01:28", "text": "of banks and companies recently"}, {"start": "00:01:26", "end": "00:01:32", "text": "announcing"}, {"start": "00:01:28", "end": "00:01:35", "text": "uh their love and devotion for Bitcoin"}, {"start": "00:01:32", "end": "00:01:37", "text": "and crypto and integrating it into their"}, {"start": "00:01:35", "end": "00:01:41", "text": "systems and just how high they think"}, {"start": "00:01:37", "end": "00:01:44", "text": "cryptocurrency prices are going to go in"}, {"start": "00:01:41", "end": "00:01:46", "text": "the next few months by the time we get"}, {"start": "00:01:44", "end": "00:01:50", "text": "to the end of the year. By the time we"}, {"start": "00:01:46", "end": "00:01:52", "text": "get to 2028, how high things are going"}, {"start": "00:01:50", "end": "00:01:54", "text": "to be. We're seeing a lot of crypto"}, {"start": "00:01:52", "end": "00:01:56", "text": "exchanges beginning to launch new"}, {"start": "00:01:54", "end": "00:01:59", "text": "initiatives. Same exact thing with"}, {"start": "00:01:56", "end": "00:02:01", "text": "Charles Schwab who recently announced"}, {"start": "00:01:59", "end": "00:02:04", "text": "that they are going to be launching"}, {"start": "00:02:01", "end": "00:02:08", "text": "their own cryptocurrency exchange. As"}, {"start": "00:02:04", "end": "00:02:11", "text": "I've been saying, even on days or weeks"}, {"start": "00:02:08", "end": "00:02:14", "text": "where cryptocurrency prices are a bit"}, {"start": "00:02:11", "end": "00:02:17", "text": "wonky and not exactly where we want them"}, {"start": "00:02:14", "end": "00:02:21", "text": "to be, the building continues. These"}, {"start": "00:02:17", "end": "00:02:24", "text": "people are trying to build the next"}, {"start": "00:02:21", "end": "00:02:27", "text": "financial system and they're well on"}, {"start": "00:02:24", "end": "00:02:30", "text": "their way. We just need more people to"}, {"start": "00:02:27", "end": "00:02:35", "text": "realize what's going on so that they can"}, {"start": "00:02:30", "end": "00:02:37", "text": "also profit from it as well. This has to"}, {"start": "00:02:35", "end": "00:02:41", "text": "do with yield. This has to do with"}, {"start": "00:02:37", "end": "00:02:44", "text": "making money from absolutely nothing."}, {"start": "00:02:41", "end": "00:02:48", "text": "It is becoming a major topic within this"}, {"start": "00:02:44", "end": "00:02:51", "text": "market. I think it's only well for"}, {"start": "00:02:48", "end": "00:02:52", "text": "logic's sake say it's it it it's only"}, {"start": "00:02:51", "end": "00:02:56", "text": "going to get a lot bigger from here."}, {"start": "00:02:52", "end": "00:02:59", "text": "This isn't going to slow down. The idea"}, {"start": "00:02:56", "end": "00:03:02", "text": "of Bitcoin being boring. The idea of"}, {"start": "00:02:59", "end": "00:03:06", "text": "Bitcoin needing to do more or make more"}, {"start": "00:03:02", "end": "00:03:08", "text": "passive income or have more yield has"}, {"start": "00:03:06", "end": "00:03:12", "text": "grabbed the attention of investors at"}, {"start": "00:03:08", "end": "00:03:15", "text": "large. The idea of simply holding on to"}, {"start": "00:03:12", "end": "00:03:19", "text": "Bitcoin as it goes to a million7"}, {"start": "00:03:15", "end": "00:03:22", "text": "million $14 million per coin is no"}, {"start": "00:03:19", "end": "00:03:25", "text": "longer cool. You now have to be able to"}, {"start": "00:03:22", "end": "00:03:29", "text": "do something with it to make extra money"}, {"start": "00:03:25", "end": "00:03:32", "text": "on the side as Bitcoin goes up in value."}, {"start": "00:03:29", "end": "00:03:36", "text": "We've heard of at least"}, {"start": "00:03:32", "end": "00:03:39", "text": "bare minimum 14 of these protocols and"}, {"start": "00:03:36", "end": "00:03:45", "text": "new things being launched and this is"}, {"start": "00:03:39", "end": "00:03:48", "text": "one that I do think I give it six months"}, {"start": "00:03:45", "end": "00:03:53", "text": "maybe less is probably going to catch on"}, {"start": "00:03:48", "end": "00:03:55", "text": "very very quick and you will see why"}, {"start": "00:03:53", "end": "00:03:57", "text": "the company circle"}, {"start": "00:03:55", "end": "00:03:59", "text": "has launched what they're calling"}, {"start": "00:03:57", "end": "00:04:03", "text": "Serbetusa"}, {"start": "00:03:59", "end": "00:04:07", "text": "Yeah, I know that sounds crazy. It's CIR"}, {"start": "00:04:03", "end": "00:04:11", "text": "BTC. It's Circle Bitcoin. Uh-huh. A"}, {"start": "00:04:07", "end": "00:04:14", "text": "wrapped Bitcoin token that is backed one"}, {"start": "00:04:11", "end": "00:04:17", "text": "to one with a native onchain Bitcoin"}, {"start": "00:04:14", "end": "00:04:21", "text": "reserve deploying first on Ethereum"}, {"start": "00:04:17", "end": "00:04:23", "text": "mainet and their own ARC blockchain. For"}, {"start": "00:04:21", "end": "00:04:28", "text": "those of you who do not know what Circle"}, {"start": "00:04:23", "end": "00:04:30", "text": "is, Circle is the second largest stable"}, {"start": "00:04:28", "end": "00:04:33", "text": "coin provider. They started as a"}, {"start": "00:04:30", "end": "00:04:36", "text": "company, a crypto company around 2013."}, {"start": "00:04:33", "end": "00:04:39", "text": "They realized around 2017, 2018 when"}, {"start": "00:04:36", "end": "00:04:42", "text": "Tether launched that there was a"}, {"start": "00:04:39", "end": "00:04:45", "text": "gigantic market for stable coins. And I"}, {"start": "00:04:42", "end": "00:04:48", "text": "often pair them very closely together"}, {"start": "00:04:45", "end": "00:04:51", "text": "with Coinbase because Coinbase is a"}, {"start": "00:04:48", "end": "00:04:54", "text": "majority stakeholder in Circle. So when"}, {"start": "00:04:51", "end": "00:04:57", "text": "you hear Coinbase adding CircleCoin to"}, {"start": "00:04:54", "end": "00:04:59", "text": "their platform or they're adding more"}, {"start": "00:04:57", "end": "00:05:02", "text": "support for support for the Circle"}, {"start": "00:04:59", "end": "00:05:04", "text": "stable coin, it's because they own the"}, {"start": "00:05:02", "end": "00:05:08", "text": "majority of this company. It is"}, {"start": "00:05:04", "end": "00:05:11", "text": "Coinbase. So, one of the things that"}, {"start": "00:05:08", "end": "00:05:13", "text": "caught my attention last year was the"}, {"start": "00:05:11", "end": "00:05:15", "text": "idea of how much more popular"}, {"start": "00:05:13", "end": "00:05:17", "text": "cryptocurrencies"}, {"start": "00:05:15", "end": "00:05:20", "text": "would become"}, {"start": "00:05:17", "end": "00:05:24", "text": "when given a a choice of being able to"}, {"start": "00:05:20", "end": "00:05:27", "text": "make extra money. So, the idea of being"}, {"start": "00:05:24", "end": "00:05:30", "text": "able to stake Bitcoin or put Bitcoin in"}, {"start": "00:05:27", "end": "00:05:33", "text": "some DeFi protocol uh gained a lot of"}, {"start": "00:05:30", "end": "00:05:36", "text": "attention because it allows Bitcoin to"}, {"start": "00:05:33", "end": "00:05:39", "text": "while rising in price also make you"}, {"start": "00:05:36", "end": "00:05:42", "text": "money on the side. I also said the"}, {"start": "00:05:39", "end": "00:05:46", "text": "reason or why this would become really"}, {"start": "00:05:42", "end": "00:05:48", "text": "popular would be once Binance or"}, {"start": "00:05:46", "end": "00:05:51", "text": "Coinbase added one of these things to"}, {"start": "00:05:48", "end": "00:05:54", "text": "their platform. The average person is"}, {"start": "00:05:51", "end": "00:05:58", "text": "not going to take time and figure out"}, {"start": "00:05:54", "end": "00:05:59", "text": "how to buy this coin and buy that one"}, {"start": "00:05:58", "end": "00:06:01", "text": "and then put it onto this platform and"}, {"start": "00:05:59", "end": "00:06:03", "text": "then swap it into that and then put that"}, {"start": "00:06:01", "end": "00:06:05", "text": "coin that they just got into another"}, {"start": "00:06:03", "end": "00:06:09", "text": "DeFi platform and then lock it into that"}, {"start": "00:06:05", "end": "00:06:13", "text": "and no one is going to do that except"}, {"start": "00:06:09", "end": "00:06:14", "text": "for very large rea"}, {"start": "00:06:13", "end": "00:06:18", "text": "everyone else is going to want something"}, {"start": "00:06:14", "end": "00:06:21", "text": "that's heavily simplified. So, Circle,"}, {"start": "00:06:18", "end": "00:06:24", "text": "which has the majority stake from"}, {"start": "00:06:21", "end": "00:06:26", "text": "Coinbase, is launching this coin. It is"}, {"start": "00:06:24", "end": "00:06:28", "text": "a wrapped version of Bitcoin. We've seen"}, {"start": "00:06:26", "end": "00:06:31", "text": "wrapped Bitcoin before. There is a"}, {"start": "00:06:28", "end": "00:06:33", "text": "literal token called wrapped Bitcoin,"}, {"start": "00:06:31", "end": "00:06:37", "text": "and its main purpose is to be able to"}, {"start": "00:06:33", "end": "00:06:40", "text": "use Bitcoin's value on other chains. You"}, {"start": "00:06:37", "end": "00:06:42", "text": "basically put your Bitcoin onto a chain."}, {"start": "00:06:40", "end": "00:06:45", "text": "You wrap it, if you will, and then you"}, {"start": "00:06:42", "end": "00:06:49", "text": "can use Bitcoin's value on Cardano or in"}, {"start": "00:06:45", "end": "00:06:53", "text": "the XRP ledger or on Ethereum. This one"}, {"start": "00:06:49", "end": "00:06:55", "text": "is nearly specifically for being able to"}, {"start": "00:06:53", "end": "00:06:57", "text": "get some kind of a yield from your"}, {"start": "00:06:55", "end": "00:07:01", "text": "Bitcoin. Circle"}, {"start": "00:06:57", "end": "00:07:03", "text": "Coinbase the public. So once this rolls"}, {"start": "00:07:01", "end": "00:07:05", "text": "out properly and you can go on to"}, {"start": "00:07:03", "end": "00:07:07", "text": "Coinbase and simply say, you know, in"}, {"start": "00:07:05", "end": "00:07:10", "text": "the background, they'll take care of"}, {"start": "00:07:07", "end": "00:07:15", "text": "everything and you click I own Bitcoin"}, {"start": "00:07:10", "end": "00:07:18", "text": "stake defy make me free money, that's"}, {"start": "00:07:15", "end": "00:07:21", "text": "when this will really catch on very"}, {"start": "00:07:18", "end": "00:07:26", "text": "fast. It says, \"Circle has unveiled the"}, {"start": "00:07:21", "end": "00:07:29", "text": "sir BTC, a wrapped Bitcoin token backed"}, {"start": "00:07:26", "end": "00:07:31", "text": "one to one with native onchain Bitcoin"}, {"start": "00:07:29", "end": "00:07:34", "text": "reserves. The token launches initially"}, {"start": "00:07:31", "end": "00:07:37", "text": "on the Ethereum mainet and circles arc"}, {"start": "00:07:34", "end": "00:07:39", "text": "blockchain with realtime reverse"}, {"start": "00:07:37", "end": "00:07:42", "text": "verification and no thirdparty"}, {"start": "00:07:39", "end": "00:07:45", "text": "custodian. Sir, Bitcoin targets an"}, {"start": "00:07:42", "end": "00:07:48", "text": "estimated $1.7"}, {"start": "00:07:45", "end": "00:07:51", "text": "trillion Bitcoin liquidity gap"}, {"start": "00:07:48", "end": "00:07:54", "text": "integrating with USDC"}, {"start": "00:07:51", "end": "00:07:57", "text": "Circle Mint and major DeFi lending and"}, {"start": "00:07:54", "end": "00:08:00", "text": "derivatives protocols. Coinbase has a"}, {"start": "00:07:57", "end": "00:08:01", "text": "thing on their uh uh platform. Coinbase"}, {"start": "00:08:00", "end": "00:08:04", "text": "has their everyone has their own"}, {"start": "00:08:01", "end": "00:08:06", "text": "blockchain. Coinbase has base and"}, {"start": "00:08:04", "end": "00:08:09", "text": "basically once all of this is completely"}, {"start": "00:08:06", "end": "00:08:11", "text": "interoperable once you are able to like"}, {"start": "00:08:09", "end": "00:08:13", "text": "re I'm telling you it's it has to be a"}, {"start": "00:08:11", "end": "00:08:16", "text": "click of a button or the public is not"}, {"start": "00:08:13", "end": "00:08:18", "text": "going to use it. It's expected that"}, {"start": "00:08:16", "end": "00:08:21", "text": "there's this is a huge unlocking and"}, {"start": "00:08:18", "end": "00:08:23", "text": "locking away of a market."}, {"start": "00:08:21", "end": "00:08:25", "text": "The unlocking comes from the amount of"}, {"start": "00:08:23", "end": "00:08:28", "text": "money that will flow into crypto by"}, {"start": "00:08:25", "end": "00:08:31", "text": "having products like this. People will"}, {"start": "00:08:28", "end": "00:08:32", "text": "go my bank isn't getting me enough. That"}, {"start": "00:08:31", "end": "00:08:34", "text": "thing isn't getting me enough. Gold"}, {"start": "00:08:32", "end": "00:08:37", "text": "isn't getting me enough. Let me put my"}, {"start": "00:08:34", "end": "00:08:39", "text": "money into crypto. The locking part"}, {"start": "00:08:37", "end": "00:08:42", "text": "comes from if you put your"}, {"start": "00:08:39", "end": "00:08:44", "text": "cryptocurrencies into a protocol, into a"}, {"start": "00:08:42", "end": "00:08:47", "text": "staking mechanism, and you wake up every"}, {"start": "00:08:44", "end": "00:08:50", "text": "morning and you've made $150,"}, {"start": "00:08:47", "end": "00:08:52", "text": "you're not that likely to unlock it and"}, {"start": "00:08:50", "end": "00:08:55", "text": "say, \"Give me my money back.\" You keep"}, {"start": "00:08:52", "end": "00:08:58", "text": "it there. This increases the amount of"}, {"start": "00:08:55", "end": "00:09:00", "text": "total value locked and also then causes"}, {"start": "00:08:58", "end": "00:09:03", "text": "other chains to become more expensive or"}, {"start": "00:09:00", "end": "00:09:05", "text": "more glamorous or more trustworthy. Then"}, {"start": "00:09:03", "end": "00:09:08", "text": "you're also locking up huge amounts of"}, {"start": "00:09:05", "end": "00:09:10", "text": "Bitcoin, the cryptocurrency away onto"}, {"start": "00:09:08", "end": "00:09:14", "text": "these chains. That chain becomes worth"}, {"start": "00:09:10", "end": "00:09:16", "text": "more. It has $800 million worth of"}, {"start": "00:09:14", "end": "00:09:19", "text": "Bitcoin. that one has so and so the"}, {"start": "00:09:16", "end": "00:09:22", "text": "Bitcoin circulating supply in real time"}, {"start": "00:09:19", "end": "00:09:25", "text": "mathematically through protocols begins"}, {"start": "00:09:22", "end": "00:09:27", "text": "to completely collapse and and we can"}, {"start": "00:09:25", "end": "00:09:30", "text": "see all of it. It says this is Circle's"}, {"start": "00:09:27", "end": "00:09:31", "text": "first major non-stable coin product"}, {"start": "00:09:30", "end": "00:09:36", "text": "since its New York Stock Exchange"}, {"start": "00:09:31", "end": "00:09:38", "text": "listing as CRCL in 2025,"}, {"start": "00:09:36", "end": "00:09:41", "text": "signaling a deliberate expansion beyond"}, {"start": "00:09:38", "end": "00:09:43", "text": "fiat pegged assets. And that's mainly"}, {"start": "00:09:41", "end": "00:09:45", "text": "because uh banks and companies are are"}, {"start": "00:09:43", "end": "00:09:48", "text": "getting into it. So the market for"}, {"start": "00:09:45", "end": "00:09:51", "text": "stable coins will increase, but they're"}, {"start": "00:09:48", "end": "00:09:53", "text": "no longer uh like the a the new kid on"}, {"start": "00:09:51", "end": "00:09:54", "text": "the block"}, {"start": "00:09:53", "end": "00:10:00", "text": "or the only one who knows how to do"}, {"start": "00:09:54", "end": "00:10:03", "text": "this. Bitcoin, Ethereum, XRP, Cardano,"}, {"start": "00:10:00", "end": "00:10:05", "text": "yield and DeFi is going to continue to"}, {"start": "00:10:03", "end": "00:10:07", "text": "grow in all different directions. So you"}, {"start": "00:10:05", "end": "00:10:10", "text": "move away from exclusively having just"}, {"start": "00:10:07", "end": "00:10:12", "text": "stable coins because everyone's going to"}, {"start": "00:10:10", "end": "00:10:15", "text": "do it and banks are going to probably"}, {"start": "00:10:12", "end": "00:10:16", "text": "have a lot more weight than Circle is or"}, {"start": "00:10:15", "end": "00:10:18", "text": "Coinbase when it comes to the creation"}, {"start": "00:10:16", "end": "00:10:20", "text": "of these coins. So you move into"}, {"start": "00:10:18", "end": "00:10:23", "text": "something that people are also going to"}, {"start": "00:10:20", "end": "00:10:26", "text": "want as well. And then they talk about"}, {"start": "00:10:23", "end": "00:10:29", "text": "the idea of it and why it's awesome and"}, {"start": "00:10:26", "end": "00:10:32", "text": "amazing. And yeah, this is also very big"}, {"start": "00:10:29", "end": "00:10:34", "text": "news. There's no real surprise here. The"}, {"start": "00:10:32", "end": "00:10:36", "text": "idea of these things happening. I told"}, {"start": "00:10:34", "end": "00:10:40", "text": "you last year, you know, we're going to"}, {"start": "00:10:36", "end": "00:10:43", "text": "see it eventually, but we just need the"}, {"start": "00:10:40", "end": "00:10:45", "text": "proper one that's going to really"}, {"start": "00:10:43", "end": "00:10:48", "text": "unlock, if you will, all of the"}, {"start": "00:10:45", "end": "00:10:50", "text": "liquidity when we get something that's"}, {"start": "00:10:48", "end": "00:10:54", "text": "very simple. If your grandmother is able"}, {"start": "00:10:50", "end": "00:10:57", "text": "to put in her her her password, go on to"}, {"start": "00:10:54", "end": "00:11:00", "text": "the website and see that she has 0.02"}, {"start": "00:10:57", "end": "00:11:03", "text": "Bitcoin and then she clicks make me free"}, {"start": "00:11:00", "end": "00:11:05", "text": "money, that's how easy it has to be. And"}, {"start": "00:11:03", "end": "00:11:07", "text": "I don't think we're that far off."}, {"start": "00:11:05", "end": "00:11:09", "text": "Usually"}, {"start": "00:11:07", "end": "00:11:12", "text": "these things are usually reserved"}, {"start": "00:11:09", "end": "00:11:14", "text": "initially for institutions, for money"}, {"start": "00:11:12", "end": "00:11:17", "text": "market makers,"}, {"start": "00:11:14", "end": "00:11:19", "text": "etc. But then it moves to the public and"}, {"start": "00:11:17", "end": "00:11:21", "text": "that's when things kind of take off. So"}, {"start": "00:11:19", "end": "00:11:24", "text": "these will be working together. do not"}, {"start": "00:11:21", "end": "00:11:25", "text": "think that something made by Circle is"}, {"start": "00:11:24", "end": "00:11:28", "text": "not going to be integrated into"}, {"start": "00:11:25", "end": "00:11:30", "text": "Coinbase, especially when it could make"}, {"start": "00:11:28", "end": "00:11:33", "text": "both companies hundreds of millions in"}, {"start": "00:11:30", "end": "00:11:36", "text": "revenue uh for all these things. Anyway,"}, {"start": "00:11:33", "end": "00:11:38", "text": "very popular news. We're going to get a"}, {"start": "00:11:36", "end": "00:11:40", "text": "lot of these soon. It really comes down"}, {"start": "00:11:38", "end": "00:11:43", "text": "to which one provides the largest"}, {"start": "00:11:40", "end": "00:11:45", "text": "return. So, we've seen before there are"}, {"start": "00:11:43", "end": "00:11:50", "text": "other protocols that I believe they give"}, {"start": "00:11:45", "end": "00:11:52", "text": "like a 1% return. It's not bad, but"}, {"start": "00:11:50", "end": "00:11:55", "text": "people usually typically require or want"}, {"start": "00:11:52", "end": "00:12:00", "text": "more. So, when we start seeing something"}, {"start": "00:11:55", "end": "00:12:01", "text": "say 3.4%, 4.2%."}, {"start": "00:12:00", "end": "00:12:04", "text": "Because usually what's going to end up"}, {"start": "00:12:01", "end": "00:12:06", "text": "happening is you will give your Bitcoin,"}, {"start": "00:12:04", "end": "00:12:07", "text": "you put it onto Coinbase and then in the"}, {"start": "00:12:06", "end": "00:12:09", "text": "background they move all the things"}, {"start": "00:12:07", "end": "00:12:13", "text": "around, but it's going to be locked into"}, {"start": "00:12:09", "end": "00:12:15", "text": "a DeFi protocol that is trusted, that"}, {"start": "00:12:13", "end": "00:12:19", "text": "needs to be trusted, that is giving out"}, {"start": "00:12:15", "end": "00:12:23", "text": "like a um a constant stream of money"}, {"start": "00:12:19", "end": "00:12:27", "text": "from the actual protocol. So anyway,"}, {"start": "00:12:23", "end": "00:12:30", "text": "that's the Coinbase Circle Bitcoin uh"}, {"start": "00:12:27", "end": "00:12:32", "text": "wrapped token news."}, {"start": "00:12:30", "end": "00:12:36", "text": "And yeah,"}, {"start": "00:12:32", "end": "00:12:36", "text": "let's move on."}, {"start": "00:12:37", "end": "00:12:43", "text": "As you might have imagined, this is also"}, {"start": "00:12:40", "end": "00:12:47", "text": "incredibly popular news. A new"}, {"start": "00:12:43", "end": "00:12:51", "text": "legislative push in Missouri is"}, {"start": "00:12:47", "end": "00:12:54", "text": "proposing to place XRP"}, {"start": "00:12:51", "end": "00:12:57", "text": "alongside major digital assets like"}, {"start": "00:12:54", "end": "00:13:01", "text": "Bitcoin, Ethereum,"}, {"start": "00:12:57", "end": "00:13:04", "text": "Salana, and the Circle Coin in a state"}, {"start": "00:13:01", "end": "00:13:06", "text": "managed reserve. We have been hearing a"}, {"start": "00:13:04", "end": "00:13:09", "text": "lot the last two months. There's been"}, {"start": "00:13:06", "end": "00:13:13", "text": "somewhat of a"}, {"start": "00:13:09", "end": "00:13:16", "text": "a resurgence of states within the United"}, {"start": "00:13:13", "end": "00:13:18", "text": "States announcing their desire to"}, {"start": "00:13:16", "end": "00:13:22", "text": "accumulate cryptocurrencies once again."}, {"start": "00:13:18", "end": "00:13:26", "text": "We heard a lot about this in 2025."}, {"start": "00:13:22", "end": "00:13:28", "text": "Much of it seemed to lightly fizzle away"}, {"start": "00:13:26", "end": "00:13:31", "text": "or we stopped hearing a lot about it for"}, {"start": "00:13:28", "end": "00:13:33", "text": "some reason the middle of February."}, {"start": "00:13:31", "end": "00:13:35", "text": "came back with a vengeance. I believe"}, {"start": "00:13:33", "end": "00:13:38", "text": "that currently"}, {"start": "00:13:35", "end": "00:13:41", "text": "there are 25 states"}, {"start": "00:13:38", "end": "00:13:44", "text": "who are trying to get some kind of a"}, {"start": "00:13:41", "end": "00:13:46", "text": "bill or something pushed through to"}, {"start": "00:13:44", "end": "00:13:48", "text": "accumulate crypto for that state. I"}, {"start": "00:13:46", "end": "00:13:51", "text": "think we have three or four states"}, {"start": "00:13:48", "end": "00:13:54", "text": "already that allow the state to"}, {"start": "00:13:51", "end": "00:13:55", "text": "accumulate crypto. We haven't had news"}, {"start": "00:13:54", "end": "00:13:57", "text": "after about that. Maybe it's just simply"}, {"start": "00:13:55", "end": "00:14:01", "text": "not made public how much that they're"}, {"start": "00:13:57", "end": "00:14:04", "text": "buying. I I I don't actually know. The"}, {"start": "00:14:01", "end": "00:14:07", "text": "other part has been uh the bills from"}, {"start": "00:14:04", "end": "00:14:11", "text": "last year have seemingly been lightly"}, {"start": "00:14:07", "end": "00:14:13", "text": "skipped over and or reframed in some"}, {"start": "00:14:11", "end": "00:14:15", "text": "sort of way. So last year we had a"}, {"start": "00:14:13", "end": "00:14:17", "text": "number of politicians uh so like one"}, {"start": "00:14:15", "end": "00:14:19", "text": "politician would come out and they said"}, {"start": "00:14:17", "end": "00:14:21", "text": "the state should accumulate Bitcoin."}, {"start": "00:14:19", "end": "00:14:23", "text": "Then another person proposed another"}, {"start": "00:14:21", "end": "00:14:26", "text": "bill and they said we should accumulate"}, {"start": "00:14:23", "end": "00:14:28", "text": "Bitcoin only on Thursdays at 5:00 p.m."}, {"start": "00:14:26", "end": "00:14:31", "text": "Then another politician came forward and"}, {"start": "00:14:28", "end": "00:14:33", "text": "said we should accumulate Bitcoin but"}, {"start": "00:14:31", "end": "00:14:36", "text": "only if it has a market cap higher than"}, {"start": "00:14:33", "end": "00:14:38", "text": "this and it's raining on a Wednesday."}, {"start": "00:14:36", "end": "00:14:41", "text": "And in many many cases, this isn't a"}, {"start": "00:14:38", "end": "00:14:43", "text": "joke. In many cases, certain states had"}, {"start": "00:14:41", "end": "00:14:45", "text": "like 12 bills that they were trying to"}, {"start": "00:14:43", "end": "00:14:47", "text": "pass at the exact same time. Things got"}, {"start": "00:14:45", "end": "00:14:50", "text": "messy. None of them ended up going"}, {"start": "00:14:47", "end": "00:14:52", "text": "through. So now there seems to be more"}, {"start": "00:14:50", "end": "00:14:54", "text": "of a coordinated effort to just put"}, {"start": "00:14:52", "end": "00:14:56", "text": "stuff in one bill, try and get it pushed"}, {"start": "00:14:54", "end": "00:14:59", "text": "through as quickly as possible. And"}, {"start": "00:14:56", "end": "00:15:02", "text": "we're also hearing now it's around four"}, {"start": "00:14:59", "end": "00:15:04", "text": "or five states. It's not a lot of them"}, {"start": "00:15:02", "end": "00:15:09", "text": "who are also considering other coins for"}, {"start": "00:15:04", "end": "00:15:11", "text": "their reserve as well. 99%"}, {"start": "00:15:09", "end": "00:15:14", "text": "of the time it tends to just be Bitcoin."}, {"start": "00:15:11", "end": "00:15:18", "text": "We heard sometimes that Ethereum might"}, {"start": "00:15:14", "end": "00:15:21", "text": "also play a role. We never hear Salana"}, {"start": "00:15:18", "end": "00:15:24", "text": "and we never hear any stable coins as"}, {"start": "00:15:21", "end": "00:15:28", "text": "part of a reserve and I believe once or"}, {"start": "00:15:24", "end": "00:15:30", "text": "twice we heard XRP mentioned and since"}, {"start": "00:15:28", "end": "00:15:33", "text": "this is now a proposal from Missouri"}, {"start": "00:15:30", "end": "00:15:36", "text": "that might go through. As you know XRP"}, {"start": "00:15:33", "end": "00:15:40", "text": "lovers, they love this kind of news. So"}, {"start": "00:15:36", "end": "00:15:44", "text": "yeah, it says Missouri advances a bill"}, {"start": "00:15:40", "end": "00:15:47", "text": "to include XRP in a statemanaged crypto"}, {"start": "00:15:44", "end": "00:15:51", "text": "reserve alongside Bitcoin and Ethereum."}, {"start": "00:15:47", "end": "00:15:51", "text": "The bill is called HB2080."}, {"start": "00:15:52", "end": "00:15:59", "text": "HB 2080 would allow the state treasurer"}, {"start": "00:15:55", "end": "00:16:02", "text": "to buy, hold, and manage crypto assets"}, {"start": "00:15:59", "end": "00:16:05", "text": "for longterm strategy. The proposal"}, {"start": "00:16:02", "end": "00:16:08", "text": "enables USDC. Okay, that makes sense."}, {"start": "00:16:05", "end": "00:16:11", "text": "The proposal would allow Circle Coin,"}, {"start": "00:16:08", "end": "00:16:14", "text": "the stable coin, as a payment for taxes"}, {"start": "00:16:11", "end": "00:16:17", "text": "and fees. That makes sense. Expanding"}, {"start": "00:16:14", "end": "00:16:20", "text": "real world crypto use instate systems."}, {"start": "00:16:17", "end": "00:16:23", "text": "Uh,"}, {"start": "00:16:20", "end": "00:16:25", "text": "normal people don't use stable coins, so"}, {"start": "00:16:23", "end": "00:16:28", "text": "I don't really understand how that would"}, {"start": "00:16:25", "end": "00:16:31", "text": "work. It's probably something behind the"}, {"start": "00:16:28", "end": "00:16:33", "text": "scenes where some politician in Missouri"}, {"start": "00:16:31", "end": "00:16:36", "text": "has close ties with Coinbase, so that's"}, {"start": "00:16:33", "end": "00:16:38", "text": "why they threw that in there. No normal"}, {"start": "00:16:36", "end": "00:16:42", "text": "person,"}, {"start": "00:16:38", "end": "00:16:46", "text": "no normal person is swapping out their"}, {"start": "00:16:42", "end": "00:16:47", "text": "US dollars into Circle Coin to pay their"}, {"start": "00:16:46", "end": "00:16:50", "text": "taxes."}, {"start": "00:16:47", "end": "00:16:51", "text": "That's just not going to be a thing."}, {"start": "00:16:50", "end": "00:16:54", "text": "Unless there's something where people"}, {"start": "00:16:51", "end": "00:16:57", "text": "are being paid in that for free, no"}, {"start": "00:16:54", "end": "00:17:02", "text": "one's doing a taxable event to be it's"}, {"start": "00:16:57", "end": "00:17:03", "text": "just nonsensical. So, oh, let's see. I"}, {"start": "00:17:02", "end": "00:17:06", "text": "was going to say over the next few"}, {"start": "00:17:03", "end": "00:17:08", "text": "months, but you know, last year, uh,"}, {"start": "00:17:06", "end": "00:17:11", "text": "these people on Twitter were kind of"}, {"start": "00:17:08", "end": "00:17:14", "text": "convinced that this was all going to go"}, {"start": "00:17:11", "end": "00:17:17", "text": "through and almost nothing happened. So"}, {"start": "00:17:14", "end": "00:17:20", "text": "this year we're seeing a very big push"}, {"start": "00:17:17", "end": "00:17:22", "text": "by states and local governments to try"}, {"start": "00:17:20", "end": "00:17:24", "text": "and get this happening basically before"}, {"start": "00:17:22", "end": "00:17:27", "text": "summertime."}, {"start": "00:17:24", "end": "00:17:30", "text": "Uh let's see let's see what ends up"}, {"start": "00:17:27", "end": "00:17:32", "text": "happening. But at the moment I just kind"}, {"start": "00:17:30", "end": "00:17:36", "text": "of assumed all of this was put on like"}, {"start": "00:17:32", "end": "00:17:40", "text": "the back back burner. Yeah, that's the"}, {"start": "00:17:36", "end": "00:17:45", "text": "Missouri is trying to include uh XRP and"}, {"start": "00:17:40", "end": "00:17:49", "text": "Salana in their states reserve and yeah"}, {"start": "00:17:45", "end": "00:17:49", "text": "let's move on"}, {"start": "00:17:50", "end": "00:17:57", "text": "also in recently very big news for some"}, {"start": "00:17:53", "end": "00:17:59", "text": "reason people are I think this is a"}, {"start": "00:17:57", "end": "00:18:02", "text": "result of something else I don't know if"}, {"start": "00:17:59", "end": "00:18:05", "text": "you've seen it but of Vitalic buterine"}, {"start": "00:18:02", "end": "00:18:08", "text": "uh recently sold more of the ether that"}, {"start": "00:18:05", "end": "00:18:12", "text": "he owns, that he created, that belongs"}, {"start": "00:18:08", "end": "00:18:14", "text": "to him. I needed to uh reiterate that"}, {"start": "00:18:12", "end": "00:18:16", "text": "because people in crypto have a very big"}, {"start": "00:18:14", "end": "00:18:20", "text": "issue with people selling the things"}, {"start": "00:18:16", "end": "00:18:22", "text": "that they own. So, at some point when"}, {"start": "00:18:20", "end": "00:18:25", "text": "you are worth a billion dollars, you're"}, {"start": "00:18:22", "end": "00:18:27", "text": "probably going to get rid of something"}, {"start": "00:18:25", "end": "00:18:29", "text": "or sell an asset so that you can buy a"}, {"start": "00:18:27", "end": "00:18:32", "text": "home or you can advance things, you"}, {"start": "00:18:29", "end": "00:18:35", "text": "know, in your own personal life. But"}, {"start": "00:18:32", "end": "00:18:38", "text": "people don't seem to like that. So the"}, {"start": "00:18:35", "end": "00:18:40", "text": "Ethereum Foundation also has a huge"}, {"start": "00:18:38", "end": "00:18:44", "text": "amount of Ether and people were looking"}, {"start": "00:18:40", "end": "00:18:47", "text": "at their public wallet addresses"}, {"start": "00:18:44", "end": "00:18:50", "text": "and found that they had relinquished"}, {"start": "00:18:47", "end": "00:18:53", "text": "more Ethereum for whatever the reason"}, {"start": "00:18:50", "end": "00:18:55", "text": "might be. Uh when Vitalic sells Ether,"}, {"start": "00:18:53", "end": "00:18:57", "text": "as far as we've seen, he's usually"}, {"start": "00:18:55", "end": "00:18:59", "text": "donating it to a good cause, some kind"}, {"start": "00:18:57", "end": "00:19:01", "text": "of a world event. he's giving money to"}, {"start": "00:18:59", "end": "00:19:03", "text": "those people so that they can have a"}, {"start": "00:19:01", "end": "00:19:05", "text": "better life in spite of the terrible"}, {"start": "00:19:03", "end": "00:19:06", "text": "thing that has just happened. Um, but"}, {"start": "00:19:05", "end": "00:19:09", "text": "people don't like that because they"}, {"start": "00:19:06", "end": "00:19:12", "text": "think that Vitalik selling Ether is"}, {"start": "00:19:09", "end": "00:19:14", "text": "indicative of his dislike for the thing"}, {"start": "00:19:12", "end": "00:19:17", "text": "that he created that's probably going to"}, {"start": "00:19:14", "end": "00:19:20", "text": "make him worth $und00 billion. So, the"}, {"start": "00:19:17", "end": "00:19:22", "text": "Ethereum Foundation the last year, it"}, {"start": "00:19:20", "end": "00:19:25", "text": "wasn't like popular news. It was more"}, {"start": "00:19:22", "end": "00:19:27", "text": "like negative for them. people kept on"}, {"start": "00:19:25", "end": "00:19:29", "text": "putting in the news that the Ethereum"}, {"start": "00:19:27", "end": "00:19:31", "text": "Foundation was like swapping out Ether"}, {"start": "00:19:29", "end": "00:19:34", "text": "or they were selling coins or they were"}, {"start": "00:19:31", "end": "00:19:35", "text": "moving them to Coinbase. And in many"}, {"start": "00:19:34", "end": "00:19:38", "text": "cases,"}, {"start": "00:19:35", "end": "00:19:40", "text": "this is usually a big show of of faith"}, {"start": "00:19:38", "end": "00:19:43", "text": "or just some kind of a business model."}, {"start": "00:19:40", "end": "00:19:45", "text": "Uh when companies move coins around,"}, {"start": "00:19:43", "end": "00:19:47", "text": "when they move it to a crypto exchange,"}, {"start": "00:19:45", "end": "00:19:48", "text": "it's usually I mean in many cases it can"}, {"start": "00:19:47", "end": "00:19:51", "text": "be, hey, we trust you to hold this money"}, {"start": "00:19:48", "end": "00:19:53", "text": "for us or we want to do staking"}, {"start": "00:19:51", "end": "00:19:55", "text": "operations through you. There's always"}, {"start": "00:19:53", "end": "00:19:57", "text": "something money behind the scenes."}, {"start": "00:19:55", "end": "00:19:59", "text": "However,"}, {"start": "00:19:57", "end": "00:20:01", "text": "to the normal investor, the idea of"}, {"start": "00:19:59", "end": "00:20:03", "text": "moving coins to a crypto exchange means"}, {"start": "00:20:01", "end": "00:20:06", "text": "selling. That's all it means to them."}, {"start": "00:20:03", "end": "00:20:08", "text": "So, there was a lot of backlash uh the"}, {"start": "00:20:06", "end": "00:20:11", "text": "last year between Ethereum Foundation"}, {"start": "00:20:08", "end": "00:20:14", "text": "and Vitalic and this is why people don't"}, {"start": "00:20:11", "end": "00:20:16", "text": "have uh public addresses anymore because"}, {"start": "00:20:14", "end": "00:20:18", "text": "people in crypto don't know how to act."}, {"start": "00:20:16", "end": "00:20:21", "text": "So, the Ethereum Foundation, much like"}, {"start": "00:20:18", "end": "00:20:22", "text": "uh Bitmine, the company, announced that"}, {"start": "00:20:21", "end": "00:20:25", "text": "they were going to be again staking huge"}, {"start": "00:20:22", "end": "00:20:28", "text": "amounts of their Ether. This is meant to"}, {"start": "00:20:25", "end": "00:20:30", "text": "be similar to uh Ripple locking their"}, {"start": "00:20:28", "end": "00:20:34", "text": "coins in escrow. It's meant to be like a"}, {"start": "00:20:30", "end": "00:20:36", "text": "show of of good faith, like we have no"}, {"start": "00:20:34", "end": "00:20:39", "text": "intent of getting rid of these coins, so"}, {"start": "00:20:36", "end": "00:20:41", "text": "please sit down and have multiple seats."}, {"start": "00:20:39", "end": "00:20:44", "text": "That kind of thing. The Ethereum"}, {"start": "00:20:41", "end": "00:20:47", "text": "Foundation has officially staked more"}, {"start": "00:20:44", "end": "00:20:49", "text": "than 20,000 ETH"}, {"start": "00:20:47", "end": "00:20:52", "text": "worth about $42 million at current"}, {"start": "00:20:49", "end": "00:20:54", "text": "prices according to onchain data from"}, {"start": "00:20:52", "end": "00:20:57", "text": "Arkham."}, {"start": "00:20:54", "end": "00:21:01", "text": "The move adds to a plan the foundation"}, {"start": "00:20:57", "end": "00:21:04", "text": "described in February to stake 70,000"}, {"start": "00:21:01", "end": "00:21:07", "text": "ETH and use the rewards to help fund"}, {"start": "00:21:04", "end": "00:21:10", "text": "operations, including research and"}, {"start": "00:21:07", "end": "00:21:13", "text": "grants. At the current staking rate, the"}, {"start": "00:21:10", "end": "00:21:16", "text": "foundation would be earning around 2.7%"}, {"start": "00:21:13", "end": "00:21:19", "text": "annually on its staked ETH, down from"}, {"start": "00:21:16", "end": "00:21:21", "text": "3.4% earlier this year. Ethereum is one"}, {"start": "00:21:19", "end": "00:21:23", "text": "of the some of them have fluctuating"}, {"start": "00:21:21", "end": "00:21:28", "text": "rates, but I don't remember why Ethereum"}, {"start": "00:21:23", "end": "00:21:30", "text": "has a fluctuating rate for the return."}, {"start": "00:21:28", "end": "00:21:35", "text": "While it still holds around the Ethereum"}, {"start": "00:21:30", "end": "00:21:40", "text": "Foundation has around 147,400"}, {"start": "00:21:35", "end": "00:21:43", "text": "ETH worth roughly around 303 million US"}, {"start": "00:21:40", "end": "00:21:47", "text": "that is still on chain. I don't know"}, {"start": "00:21:43", "end": "00:21:49", "text": "what the fascination is with people not"}, {"start": "00:21:47", "end": "00:21:52", "text": "being able to sell their crypto or their"}, {"start": "00:21:49", "end": "00:21:54", "text": "assets. Like this guy's the creator of"}, {"start": "00:21:52", "end": "00:21:57", "text": "it."}, {"start": "00:21:54", "end": "00:21:59", "text": "I I I I truly don't get it. But that's"}, {"start": "00:21:57", "end": "00:22:00", "text": "also why you if you're if you've been"}, {"start": "00:21:59", "end": "00:22:04", "text": "here for years, you might have noticed"}, {"start": "00:22:00", "end": "00:22:07", "text": "why a lot of people don't really"}, {"start": "00:22:04", "end": "00:22:09", "text": "post on Twitter or on social media or"}, {"start": "00:22:07", "end": "00:22:11", "text": "other places, even on YouTube videos"}, {"start": "00:22:09", "end": "00:22:14", "text": "anymore because they become so"}, {"start": "00:22:11", "end": "00:22:16", "text": "intertwined with these coins. That's why"}, {"start": "00:22:14", "end": "00:22:19", "text": "the guy who created Litecoin kind of"}, {"start": "00:22:16", "end": "00:22:21", "text": "left the space years ago. Whatever this"}, {"start": "00:22:19", "end": "00:22:23", "text": "man said on social media would have some"}, {"start": "00:22:21", "end": "00:22:24", "text": "kind of an effect on the coin's price"}, {"start": "00:22:23", "end": "00:22:26", "text": "and he was like, I can't deal with that."}, {"start": "00:22:24", "end": "00:22:29", "text": "a lot of people ended up leaving or you"}, {"start": "00:22:26", "end": "00:22:32", "text": "know social media what have you because"}, {"start": "00:22:29", "end": "00:22:35", "text": "people can't do their own thing. Uh so"}, {"start": "00:22:32", "end": "00:22:37", "text": "anyway, yeah, we're seeing a lot more"}, {"start": "00:22:35", "end": "00:22:40", "text": "staking done. This is once again this is"}, {"start": "00:22:37", "end": "00:22:43", "text": "meant to be as a gesture to the public."}, {"start": "00:22:40", "end": "00:22:46", "text": "We don't plan on uh selling these coins"}, {"start": "00:22:43", "end": "00:22:50", "text": "and this has to also do with whittling"}, {"start": "00:22:46", "end": "00:22:52", "text": "down the actual circulating"}, {"start": "00:22:50", "end": "00:22:55", "text": "supply of Ethereum and many other coins."}, {"start": "00:22:52", "end": "00:22:58", "text": "That's the entire motive or one of the"}, {"start": "00:22:55", "end": "00:23:00", "text": "motives behind like the wrapped Bitcoin."}, {"start": "00:22:58", "end": "00:23:02", "text": "It's not just to make, you know, you"}, {"start": "00:23:00", "end": "00:23:04", "text": "money. It's the huge making money part"}, {"start": "00:23:02", "end": "00:23:07", "text": "for the industry, but it's also locking"}, {"start": "00:23:04", "end": "00:23:10", "text": "up the coins. You get to a supply shock"}, {"start": "00:23:07", "end": "00:23:12", "text": "a lot faster. If people are buying these"}, {"start": "00:23:10", "end": "00:23:14", "text": "things and literally locking them up in"}, {"start": "00:23:12", "end": "00:23:16", "text": "protocols, there's a big difference when"}, {"start": "00:23:14", "end": "00:23:18", "text": "you look on chain and you see that"}, {"start": "00:23:16", "end": "00:23:20", "text": "there's 7 million Bitcoin floating"}, {"start": "00:23:18", "end": "00:23:25", "text": "around as opposed to seeing that there"}, {"start": "00:23:20", "end": "00:23:27", "text": "are 1.5 million Bitcoin and 5.5 million"}, {"start": "00:23:25", "end": "00:23:29", "text": "Bitcoin locked inside of protocols."}, {"start": "00:23:27", "end": "00:23:32", "text": "That's how you move prices a lot"}, {"start": "00:23:29", "end": "00:23:34", "text": "quicker. Yeah. Um I think that's going"}, {"start": "00:23:32", "end": "00:23:36", "text": "to do it for this video. I'm quite"}, {"start": "00:23:34", "end": "00:23:39", "text": "tired. Um I hope that you've all been"}, {"start": "00:23:36", "end": "00:23:42", "text": "doing well. I hope that you all have"}, {"start": "00:23:39", "end": "00:23:44", "text": "been investing. Like I've been saying,"}, {"start": "00:23:42", "end": "00:23:47", "text": "this isn't a joke. I I keep seeing these"}, {"start": "00:23:44", "end": "00:23:49", "text": "videos on YouTube and uh we've been"}, {"start": "00:23:47", "end": "00:23:51", "text": "going over this for a while. I assume"}, {"start": "00:23:49", "end": "00:23:54", "text": "many of you have been here for a while."}, {"start": "00:23:51", "end": "00:23:56", "text": "Hello. Gave you a little actually gave I"}, {"start": "00:23:54", "end": "00:23:59", "text": "gave you a digital high five and I"}, {"start": "00:23:56", "end": "00:24:03", "text": "realize that you can't you can't see my"}, {"start": "00:23:59", "end": "00:24:06", "text": "hand doing it. Um, but yeah, I I I think"}, {"start": "00:24:03", "end": "00:24:08", "text": "the next few years are going to be I"}, {"start": "00:24:06", "end": "00:24:11", "text": "don't want to use the word cataclysmic,"}, {"start": "00:24:08", "end": "00:24:15", "text": "but there's going to be a reckoning of"}, {"start": "00:24:11", "end": "00:24:17", "text": "sorts from people who have and who don't"}, {"start": "00:24:15", "end": "00:24:19", "text": "have. There's already a major issue"}, {"start": "00:24:17", "end": "00:24:21", "text": "where people don't have assets, don't"}, {"start": "00:24:19", "end": "00:24:23", "text": "have anything. That's only going to get"}, {"start": "00:24:21", "end": "00:24:25", "text": "worse. This isn't going to be like a"}, {"start": "00:24:23", "end": "00:24:27", "text": "fairy tale story where everything just"}, {"start": "00:24:25", "end": "00:24:29", "text": "kind of gets better. I'm kind of"}, {"start": "00:24:27", "end": "00:24:32", "text": "assuming this world will continue to"}, {"start": "00:24:29", "end": "00:24:35", "text": "crunch in one direction. People who have"}, {"start": "00:24:32", "end": "00:24:37", "text": "assets, as I said in another video, I"}, {"start": "00:24:35", "end": "00:24:38", "text": "was watching something. This woman was"}, {"start": "00:24:37", "end": "00:24:42", "text": "talking and she was saying about"}, {"start": "00:24:38", "end": "00:24:43", "text": "something she was investing in and how"}, {"start": "00:24:42", "end": "00:24:45", "text": "like her disbelief at how other people"}, {"start": "00:24:43", "end": "00:24:47", "text": "just weren't. She says like during times"}, {"start": "00:24:45", "end": "00:24:49", "text": "of economic crisis, she's like at least"}, {"start": "00:24:47", "end": "00:24:52", "text": "I have something to fall back on. I can"}, {"start": "00:24:49", "end": "00:24:55", "text": "take out 2,000. I can take out 8,000."}, {"start": "00:24:52", "end": "00:24:57", "text": "It's a huge cushion to have, but you"}, {"start": "00:24:55", "end": "00:24:59", "text": "have to start somewhere. And a lot of"}, {"start": "00:24:57", "end": "00:25:01", "text": "people"}, {"start": "00:24:59", "end": "00:25:02", "text": "tend to wait. They don't know what"}, {"start": "00:25:01", "end": "00:25:05", "text": "they're looking for. Maybe they think"}, {"start": "00:25:02", "end": "00:25:07", "text": "investing is scary. And you can't wait"}, {"start": "00:25:05", "end": "00:25:09", "text": "forever because at some point, 20 years"}, {"start": "00:25:07", "end": "00:25:10", "text": "will have passed you by. You'll look at"}, {"start": "00:25:09", "end": "00:25:14", "text": "your bank account and then you have"}, {"start": "00:25:10", "end": "00:25:16", "text": "nothing. So, make sure to invest every"}, {"start": "00:25:14", "end": "00:25:18", "text": "single day in something. I don't care"}, {"start": "00:25:16", "end": "00:25:22", "text": "what it is. I truly do not care. as long"}, {"start": "00:25:18", "end": "00:25:24", "text": "as you have something so that when you"}, {"start": "00:25:22", "end": "00:25:27", "text": "get older that when you retire you have"}, {"start": "00:25:24", "end": "00:25:30", "text": "something to fall back on like this is"}, {"start": "00:25:27", "end": "00:25:33", "text": "very important. Um I do hope that you've"}, {"start": "00:25:30", "end": "00:25:35", "text": "all enjoyed. I do hope that you all are"}, {"start": "00:25:33", "end": "00:25:38", "text": "having a great day. Hope you all are"}, {"start": "00:25:35", "end": "00:25:40", "text": "having a great morning, afternoon,"}, {"start": "00:25:38", "end": "00:25:43", "text": "evening wherever you are, wherever you"}, {"start": "00:25:40", "end": "00:25:46", "text": "might be. I do sincerely hope that it is"}, {"start": "00:25:43", "end": "00:25:48", "text": "absolutely fantastic. Thank you all once"}, {"start": "00:25:46", "end": "00:25:51", "text": "again for watching, listening, liking,"}, {"start": "00:25:48", "end": "00:25:54", "text": "commenting, and supporting. And I will"}, {"start": "00:25:51", "end": "00:25:57", "text": "most certainly be talking to you all"}, {"start": "00:25:54", "end": "00:25:57", "text": "soon."}, {"start": "00:25:58", "end": "00:26:01", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video. Hope"}, {"start": "00:00:08", "end": "00:00:15", "text": "you're all doing well. Hope you're all"}, {"start": "00:00:12", "end": "00:00:20", "text": "remembering to invest."}, {"start": "00:00:15", "end": "00:00:25", "text": "Yeah. Every single day, you should be"}, {"start": "00:00:20", "end": "00:00:26", "text": "investing in at least one thing. I'm not"}, {"start": "00:00:25", "end": "00:00:29", "text": "telling you to go buy something that's"}, {"start": "00:00:26", "end": "00:00:33", "text": "$5,000 every single day, but you should"}, {"start": "00:00:29", "end": "00:00:37", "text": "be acquiring and accumulating assets"}, {"start": "00:00:33", "end": "00:00:39", "text": "as much as you possibly can because the"}, {"start": "00:00:37", "end": "00:00:42", "text": "people in the future who are going to do"}, {"start": "00:00:39", "end": "00:00:48", "text": "the best and have the least financial"}, {"start": "00:00:42", "end": "00:00:50", "text": "worries are people who have assets. Uh,"}, {"start": "00:00:48", "end": "00:00:53", "text": "don't forget to leave a like on the"}, {"start": "00:00:50", "end": "00:00:56", "text": "video. Don't forget to follow me on"}, {"start": "00:00:53", "end": "00:01:00", "text": "Twitter. There's a link in the"}, {"start": "00:00:56", "end": "00:01:02", "text": "description below the video. Yeah,"}, {"start": "00:01:00", "end": "00:01:04", "text": "things economically are only going to"}, {"start": "00:01:02", "end": "00:01:06", "text": "get more"}, {"start": "00:01:04", "end": "00:01:08", "text": "interesting in the coming years, and you"}, {"start": "00:01:06", "end": "00:01:11", "text": "need"}, {"start": "00:01:08", "end": "00:01:13", "text": "to either be saving money or investing"}, {"start": "00:01:11", "end": "00:01:17", "text": "in something. Those are completely"}, {"start": "00:01:13", "end": "00:01:21", "text": "non-negotiable at this point. Uh and"}, {"start": "00:01:17", "end": "00:01:26", "text": "without any further ado, let's jump"}, {"start": "00:01:21", "end": "00:01:29", "text": "right into it, we are continuing on the"}, {"start": "00:01:26", "end": "00:01:31", "text": "train of"}, {"start": "00:01:29", "end": "00:01:35", "text": "uh people"}, {"start": "00:01:31", "end": "00:01:39", "text": "before who didn't like crypto uh now"}, {"start": "00:01:35", "end": "00:01:42", "text": "talking positively about it. companies"}, {"start": "00:01:39", "end": "00:01:46", "text": "and institutions and corporations who"}, {"start": "00:01:42", "end": "00:01:51", "text": "are announcing their foray into the"}, {"start": "00:01:46", "end": "00:01:53", "text": "crypto space. The last three weeks"}, {"start": "00:01:51", "end": "00:01:56", "text": "there's been a bit of a it's not a flip,"}, {"start": "00:01:53", "end": "00:01:59", "text": "it's more of a shift in the kind of news"}, {"start": "00:01:56", "end": "00:02:03", "text": "that we've been getting. We have"}, {"start": "00:01:59", "end": "00:02:07", "text": "received a lot of news from banks and"}, {"start": "00:02:03", "end": "00:02:11", "text": "companies and and brokerage firms as to"}, {"start": "00:02:07", "end": "00:02:14", "text": "how much they love Bitcoin, how they the"}, {"start": "00:02:11", "end": "00:02:18", "text": "the price predictions are never ending."}, {"start": "00:02:14", "end": "00:02:24", "text": "The last 3 weeks we heard Bitcoin's"}, {"start": "00:02:18", "end": "00:02:26", "text": "going to 150,000 180 200,000 250 and one"}, {"start": "00:02:24", "end": "00:02:30", "text": "of them said 280,000"}, {"start": "00:02:26", "end": "00:02:34", "text": "something per bitcoin and they were all"}, {"start": "00:02:30", "end": "00:02:34", "text": "referring to 2026."}, {"start": "00:02:34", "end": "00:02:41", "text": "That's now on top of that companies um"}, {"start": "00:02:39", "end": "00:02:44", "text": "have been accumulating large amounts of"}, {"start": "00:02:41", "end": "00:02:49", "text": "crypto. That's nothing new, but they are"}, {"start": "00:02:44", "end": "00:02:54", "text": "actively rapidly depleting the available"}, {"start": "00:02:49", "end": "00:02:56", "text": "supply. On top of that, we now have a"}, {"start": "00:02:54", "end": "00:02:59", "text": "bunch of things that are beginning to"}, {"start": "00:02:56", "end": "00:03:04", "text": "launch. That's the other interesting"}, {"start": "00:02:59", "end": "00:03:07", "text": "part. Uh so we heard in 2025 and before"}, {"start": "00:03:04", "end": "00:03:10", "text": "that a lot of companies were going to"}, {"start": "00:03:07", "end": "00:03:13", "text": "move into crypto. Cool. Amazing."}, {"start": "00:03:10", "end": "00:03:16", "text": "But despite"}, {"start": "00:03:13", "end": "00:03:19", "text": "prices, you know, Bitcoin is not"}, {"start": "00:03:16", "end": "00:03:19", "text": "$200,000,"}, {"start": "00:03:19", "end": "00:03:24", "text": "every company uh seems pretty gosh darn"}, {"start": "00:03:23", "end": "00:03:27", "text": "convinced"}, {"start": "00:03:24", "end": "00:03:31", "text": "that prices are going to go up and that"}, {"start": "00:03:27", "end": "00:03:34", "text": "the new things launching are also going"}, {"start": "00:03:31", "end": "00:03:37", "text": "to have a substantial effect on"}, {"start": "00:03:34", "end": "00:03:39", "text": "cryptocurrency prices. We're expecting a"}, {"start": "00:03:37", "end": "00:03:42", "text": "lot of tokenization, a lot of stable"}, {"start": "00:03:39", "end": "00:03:45", "text": "coin stuff, a lot of Bitcoin yield,"}, {"start": "00:03:42", "end": "00:03:48", "text": "passive yield, other things to make"}, {"start": "00:03:45", "end": "00:03:52", "text": "institutions and companies and retail"}, {"start": "00:03:48", "end": "00:03:54", "text": "investors go completely insane, if you"}, {"start": "00:03:52", "end": "00:03:58", "text": "will. in"}, {"start": "00:03:54", "end": "00:03:59", "text": "very popular news."}, {"start": "00:03:58", "end": "00:04:05", "text": "This is huge because they're all"}, {"start": "00:03:59", "end": "00:04:07", "text": "announcing the same exact thing every"}, {"start": "00:04:05", "end": "00:04:09", "text": "single"}, {"start": "00:04:07", "end": "00:04:12", "text": "day."}, {"start": "00:04:09", "end": "00:04:14", "text": "brokerage behemoth, they're called"}, {"start": "00:04:12", "end": "00:04:17", "text": "Charles Schwab,"}, {"start": "00:04:14", "end": "00:04:20", "text": "is preparing to launch spot"}, {"start": "00:04:17", "end": "00:04:24", "text": "cryptocurrency trading in the first half"}, {"start": "00:04:20", "end": "00:04:24", "text": "of 2026,"}, {"start": "00:04:24", "end": "00:04:31", "text": "marking a deeper expansion into the"}, {"start": "00:04:27", "end": "00:04:33", "text": "digital asset space. Yes, my friends,"}, {"start": "00:04:31", "end": "00:04:35", "text": "they're all here. They're not backing"}, {"start": "00:04:33", "end": "00:04:38", "text": "down. They've been buying up all the"}, {"start": "00:04:35", "end": "00:04:41", "text": "crypto and now they're launching their"}, {"start": "00:04:38", "end": "00:04:44", "text": "own cryptocurrency exchanges, trading"}, {"start": "00:04:41", "end": "00:04:47", "text": "desks, custody solutions. They're all"}, {"start": "00:04:44", "end": "00:04:50", "text": "launching their own own chains on top of"}, {"start": "00:04:47", "end": "00:04:54", "text": "Ethereum to be able to stake the ether"}, {"start": "00:04:50", "end": "00:04:58", "text": "that they have and"}, {"start": "00:04:54", "end": "00:05:01", "text": "everything else. This is daily news that"}, {"start": "00:04:58", "end": "00:05:04", "text": "we keep getting stuff like this. A"}, {"start": "00:05:01", "end": "00:05:06", "text": "number of years ago, uh, we didn't have"}, {"start": "00:05:04", "end": "00:05:09", "text": "anything like this. A lot of these"}, {"start": "00:05:06", "end": "00:05:11", "text": "companies, not Charles Schwab in"}, {"start": "00:05:09", "end": "00:05:14", "text": "particular, but other companies like"}, {"start": "00:05:11", "end": "00:05:16", "text": "them said crypto was garbage. Crypto is"}, {"start": "00:05:14", "end": "00:05:21", "text": "awful. Bitcoin will never be used."}, {"start": "00:05:16", "end": "00:05:24", "text": "Bitcoin has no future. And now this last"}, {"start": "00:05:21", "end": "00:05:27", "text": "three weeks alone, we've heard from"}, {"start": "00:05:24", "end": "00:05:29", "text": "about nine of them who have announced"}, {"start": "00:05:27", "end": "00:05:31", "text": "that they're integrating Bitcoin into"}, {"start": "00:05:29", "end": "00:05:35", "text": "their systems. They're working on"}, {"start": "00:05:31", "end": "00:05:38", "text": "launching Ethereum ETFs. Uh who was the"}, {"start": "00:05:35", "end": "00:05:39", "text": "other one? It wasn't Was it Franklin"}, {"start": "00:05:38", "end": "00:05:41", "text": "Templeton?"}, {"start": "00:05:39", "end": "00:05:43", "text": "I don't remember. They recently"}, {"start": "00:05:41", "end": "00:05:46", "text": "mentioned I think it was them with with"}, {"start": "00:05:43", "end": "00:05:48", "text": "a brand new Bitcoin ETF. There was"}, {"start": "00:05:46", "end": "00:05:50", "text": "another Who was it? Oh gosh. There the"}, {"start": "00:05:48", "end": "00:05:53", "text": "problem is they're just you know it's"}, {"start": "00:05:50", "end": "00:05:55", "text": "daily. So, you know, it's kind of hard"}, {"start": "00:05:53", "end": "00:05:59", "text": "to keep up with everything. Some other"}, {"start": "00:05:55", "end": "00:06:01", "text": "massive institution also just announced"}, {"start": "00:05:59", "end": "00:06:05", "text": "that they're also going to be launching"}, {"start": "00:06:01", "end": "00:06:07", "text": "their own Bitcoin spot ETF."}, {"start": "00:06:05", "end": "00:06:10", "text": "And this for some reason uh got a lot of"}, {"start": "00:06:07", "end": "00:06:12", "text": "people in the industry like riled up."}, {"start": "00:06:10", "end": "00:06:15", "text": "And Michael Sailor was like, \"Yeah,"}, {"start": "00:06:12", "end": "00:06:17", "text": "theirs is probably going to rival Black"}, {"start": "00:06:15", "end": "00:06:20", "text": "Rockck's Bitcoin ETF.\" Well, Black"}, {"start": "00:06:17", "end": "00:06:23", "text": "Rockck already has a million Bitcoin."}, {"start": "00:06:20", "end": "00:06:27", "text": "So, the rivalry is going to get a bit"}, {"start": "00:06:23", "end": "00:06:31", "text": "intense because Michael Sailor also said"}, {"start": "00:06:27", "end": "00:06:35", "text": "about 11 days ago that Micro Strategy is"}, {"start": "00:06:31", "end": "00:06:38", "text": "trying to raise another $42 billion to"}, {"start": "00:06:35", "end": "00:06:41", "text": "buy more Bitcoin this year. The craziest"}, {"start": "00:06:38", "end": "00:06:44", "text": "part is that they, and I air quote here,"}, {"start": "00:06:41", "end": "00:06:48", "text": "they only"}, {"start": "00:06:44", "end": "00:06:51", "text": "need 22 billion and then Micro Strategy"}, {"start": "00:06:48", "end": "00:06:55", "text": "will have 1"}, {"start": "00:06:51", "end": "00:07:00", "text": "million Bitcoin."}, {"start": "00:06:55", "end": "00:07:03", "text": "So as we keep moving forward in this"}, {"start": "00:07:00", "end": "00:07:07", "text": "space, it is abundantly clear that"}, {"start": "00:07:03", "end": "00:07:10", "text": "something is happening"}, {"start": "00:07:07", "end": "00:07:15", "text": "or something's about to happen. You do"}, {"start": "00:07:10", "end": "00:07:19", "text": "not have Fidelity, Charles Schwab,"}, {"start": "00:07:15", "end": "00:07:24", "text": "BlackRock, Franklin Templeton, JP Morgan"}, {"start": "00:07:19", "end": "00:07:25", "text": "Chase, and a bunch of other companies"}, {"start": "00:07:24", "end": "00:07:30", "text": "announcing that they're expecting"}, {"start": "00:07:25", "end": "00:07:34", "text": "Bitcoin to double, triple, or quadruple"}, {"start": "00:07:30", "end": "00:07:37", "text": "in price this year along with them all"}, {"start": "00:07:34", "end": "00:07:39", "text": "launching some kind of a brand new"}, {"start": "00:07:37", "end": "00:07:41", "text": "Bitcoin, Ether"}, {"start": "00:07:39", "end": "00:07:43", "text": "cryptocurrency"}, {"start": "00:07:41", "end": "00:07:46", "text": "something."}, {"start": "00:07:43", "end": "00:07:49", "text": "Normally during economic downturns or"}, {"start": "00:07:46", "end": "00:07:52", "text": "periods in crypto where prices just"}, {"start": "00:07:49", "end": "00:07:55", "text": "aren't that hot, we tend to have"}, {"start": "00:07:52", "end": "00:07:57", "text": "companies shying away and announcing"}, {"start": "00:07:55", "end": "00:08:01", "text": "we'll look to see where the market's"}, {"start": "00:07:57", "end": "00:08:02", "text": "going to go. Not announcing that they're"}, {"start": "00:08:01", "end": "00:08:04", "text": "going to be launching. You don't launch"}, {"start": "00:08:02", "end": "00:08:07", "text": "an ETF"}, {"start": "00:08:04", "end": "00:08:09", "text": "in a slow market. You don't announce"}, {"start": "00:08:07", "end": "00:08:11", "text": "that you're a major bank and you're"}, {"start": "00:08:09", "end": "00:08:14", "text": "going to be integrating Bitcoin and"}, {"start": "00:08:11", "end": "00:08:17", "text": "Ethereum into your systems when the"}, {"start": "00:08:14", "end": "00:08:19", "text": "market's down. You don't as Charles"}, {"start": "00:08:17", "end": "00:08:22", "text": "Schwab announced that in the next, this"}, {"start": "00:08:19", "end": "00:08:24", "text": "is the next few weeks, the first half of"}, {"start": "00:08:22", "end": "00:08:27", "text": "2026"}, {"start": "00:08:24", "end": "00:08:30", "text": "that in the next few weeks, Charles"}, {"start": "00:08:27", "end": "00:08:32", "text": "Schwab is going to be launching a spot"}, {"start": "00:08:30", "end": "00:08:35", "text": "crypto exchange."}, {"start": "00:08:32", "end": "00:08:39", "text": "Something big is happening."}, {"start": "00:08:35", "end": "00:08:42", "text": "Charles Schwab is set to introduce spot"}, {"start": "00:08:39", "end": "00:08:46", "text": "trading for Bitcoin and Ether in the"}, {"start": "00:08:42", "end": "00:08:49", "text": "first half of 2026. They said, \"We"}, {"start": "00:08:46", "end": "00:08:53", "text": "remain on track to launch our spot"}, {"start": "00:08:49", "end": "00:08:56", "text": "crypto offer in the first half of 2026."}, {"start": "00:08:53", "end": "00:08:58", "text": "Starting with Bitcoin and Ether,\" the"}, {"start": "00:08:56", "end": "00:09:01", "text": "company said in a statement, \"Heaven"}, {"start": "00:08:58", "end": "00:09:02", "text": "help us. When these people announce when"}, {"start": "00:09:01", "end": "00:09:05", "text": "they announce that they're adding other"}, {"start": "00:09:02", "end": "00:09:08", "text": "cryptos and they add XRP, the internet's"}, {"start": "00:09:05", "end": "00:09:10", "text": "going to lose it. The internet's going"}, {"start": "00:09:08", "end": "00:09:14", "text": "to go completely bananas. If you are new"}, {"start": "00:09:10", "end": "00:09:17", "text": "here, people on the internet love"}, {"start": "00:09:14", "end": "00:09:23", "text": "XRP. They don't like it. People are"}, {"start": "00:09:17", "end": "00:09:25", "text": "obsessed with it. Uh, sure. Cool."}, {"start": "00:09:23", "end": "00:09:28", "text": "Awesome. Fantastic."}, {"start": "00:09:25", "end": "00:09:31", "text": "It's going to happen. They're all doing"}, {"start": "00:09:28", "end": "00:09:34", "text": "stuff. This is why I said by summertime"}, {"start": "00:09:31", "end": "00:09:36", "text": "we should be ripping and roaring."}, {"start": "00:09:34", "end": "00:09:38", "text": "Just by basic logic, a lot of the stuff"}, {"start": "00:09:36", "end": "00:09:41", "text": "that we've been hearing are supposed to"}, {"start": "00:09:38", "end": "00:09:44", "text": "be launching now"}, {"start": "00:09:41", "end": "00:09:47", "text": "and also around summertime."}, {"start": "00:09:44", "end": "00:09:51", "text": "This tells me that if we get Black"}, {"start": "00:09:47", "end": "00:09:54", "text": "Rockck's staking Ethereum uh ETF,"}, {"start": "00:09:51", "end": "00:09:56", "text": "uh we get Franklin Templeton and all the"}, {"start": "00:09:54", "end": "00:10:00", "text": "other there's like four companies who"}, {"start": "00:09:56", "end": "00:10:02", "text": "are making Bitcoin ETFs. If we get these"}, {"start": "00:10:00", "end": "00:10:04", "text": "new crypto, like they're expecting money"}, {"start": "00:10:02", "end": "00:10:06", "text": "like you don't launch these things"}, {"start": "00:10:04", "end": "00:10:09", "text": "unless you have major players behind the"}, {"start": "00:10:06", "end": "00:10:12", "text": "scenes who are going to be market makers"}, {"start": "00:10:09", "end": "00:10:15", "text": "and liquidity providers. This is all set"}, {"start": "00:10:12", "end": "00:10:17", "text": "up. They're just waiting to launch."}, {"start": "00:10:15", "end": "00:10:20", "text": "We heard"}, {"start": "00:10:17", "end": "00:10:22", "text": "multiple times that when all this stuff"}, {"start": "00:10:20", "end": "00:10:25", "text": "launches and when all the tokenization"}, {"start": "00:10:22", "end": "00:10:28", "text": "stuff begins and when all the stable"}, {"start": "00:10:25", "end": "00:10:30", "text": "coin and CBDC stuff begins to launch on"}, {"start": "00:10:28", "end": "00:10:32", "text": "Ethereum, we're going to see much higher"}, {"start": "00:10:30", "end": "00:10:38", "text": "prices. The one that we were recently"}, {"start": "00:10:32", "end": "00:10:40", "text": "quoted was by summer a7 to9,000"}, {"start": "00:10:38", "end": "00:10:43", "text": "Ether."}, {"start": "00:10:40", "end": "00:10:46", "text": "So, yes, this is very popular news. I'm"}, {"start": "00:10:43", "end": "00:10:49", "text": "excited to see where the market goes. I"}, {"start": "00:10:46", "end": "00:10:52", "text": "find it incredibly fascinating that all"}, {"start": "00:10:49", "end": "00:10:54", "text": "this stuff is taking place despite world"}, {"start": "00:10:52", "end": "00:10:57", "text": "events. I I think if those world events"}, {"start": "00:10:54", "end": "00:11:00", "text": "weren't happening, we'd probably already"}, {"start": "00:10:57", "end": "00:11:04", "text": "be at like 131,000 Bitcoin, like with"}, {"start": "00:11:00", "end": "00:11:09", "text": "like light fluctuations. But uh this"}, {"start": "00:11:04", "end": "00:11:11", "text": "could pre present itself as a um great"}, {"start": "00:11:09", "end": "00:11:15", "text": "opportunity for people looking to"}, {"start": "00:11:11", "end": "00:11:20", "text": "accumulate crypto at much lower prices"}, {"start": "00:11:15", "end": "00:11:23", "text": "than from which they've previously been."}, {"start": "00:11:20", "end": "00:11:27", "text": "Okie dokie."}, {"start": "00:11:23", "end": "00:11:30", "text": "Let's move on."}, {"start": "00:11:27", "end": "00:11:33", "text": "Also in popular news, and I just assume"}, {"start": "00:11:30", "end": "00:11:36", "text": "logic, I don't I don't really know, but"}, {"start": "00:11:33", "end": "00:11:39", "text": "I I get why it's popular. Popular"}, {"start": "00:11:36", "end": "00:11:42", "text": "trading platform e Toro"}, {"start": "00:11:39", "end": "00:11:46", "text": "has officially entered the New York"}, {"start": "00:11:42", "end": "00:11:49", "text": "market nearly 3 years after securing a"}, {"start": "00:11:46", "end": "00:11:52", "text": "Bit license in February 2023."}, {"start": "00:11:49", "end": "00:11:55", "text": "However, authorization to begin"}, {"start": "00:11:52", "end": "00:11:57", "text": "operations was only granted recently,"}, {"start": "00:11:55", "end": "00:12:00", "text": "highlighting the regulatory and"}, {"start": "00:11:57", "end": "00:12:03", "text": "operational hurdles that companies face"}, {"start": "00:12:00", "end": "00:12:05", "text": "in New York because there seems to be"}, {"start": "00:12:03", "end": "00:12:08", "text": "such a terrible amount of actual"}, {"start": "00:12:05", "end": "00:12:12", "text": "regulation going on by regulators within"}, {"start": "00:12:08", "end": "00:12:14", "text": "New York since around 2012. If you are"}, {"start": "00:12:12", "end": "00:12:18", "text": "uh unaware,"}, {"start": "00:12:14", "end": "00:12:19", "text": "it is apparently So, here's the news"}, {"start": "00:12:18", "end": "00:12:23", "text": "that we've been getting."}, {"start": "00:12:19", "end": "00:12:26", "text": "Around like 2016 2017, crypto became a"}, {"start": "00:12:23", "end": "00:12:29", "text": "lot more popular obviously and then"}, {"start": "00:12:26", "end": "00:12:31", "text": "people were beginning to launch apps and"}, {"start": "00:12:29", "end": "00:12:34", "text": "websites and other places to buy, sell,"}, {"start": "00:12:31", "end": "00:12:38", "text": "and trade crypto."}, {"start": "00:12:34", "end": "00:12:41", "text": "New York was never part of those lists"}, {"start": "00:12:38", "end": "00:12:44", "text": "for years and it's still it's still"}, {"start": "00:12:41", "end": "00:12:45", "text": "going on now. So let's say a company was"}, {"start": "00:12:44", "end": "00:12:47", "text": "like, \"Hey guys, we are launching in"}, {"start": "00:12:45", "end": "00:12:49", "text": "North America.\" And you see on the map"}, {"start": "00:12:47", "end": "00:12:51", "text": "they have Canada and then they'd have"}, {"start": "00:12:49", "end": "00:12:54", "text": "Mexico and then they'd actually show the"}, {"start": "00:12:51", "end": "00:12:56", "text": "United States. But there were always two"}, {"start": "00:12:54", "end": "00:12:58", "text": "places missing. It was always Alaska and"}, {"start": "00:12:56", "end": "00:13:01", "text": "New York."}, {"start": "00:12:58", "end": "00:13:03", "text": "Always. They just didn't have, you know,"}, {"start": "00:13:01", "end": "00:13:05", "text": "they they didn't receive whatever thing"}, {"start": "00:13:03", "end": "00:13:08", "text": "had just launched. Two weeks later,"}, {"start": "00:13:05", "end": "00:13:10", "text": "Alaska would get it. Three years later,"}, {"start": "00:13:08", "end": "00:13:11", "text": "New York would get it. It's because of"}, {"start": "00:13:10", "end": "00:13:14", "text": "the bit license and a bunch of other"}, {"start": "00:13:11", "end": "00:13:18", "text": "nonsense that New York regulators for"}, {"start": "00:13:14", "end": "00:13:20", "text": "over a decade more have been doing. We"}, {"start": "00:13:18", "end": "00:13:25", "text": "don't know what that's that's the actual"}, {"start": "00:13:20", "end": "00:13:27", "text": "problem. I was always told and convinced"}, {"start": "00:13:25", "end": "00:13:29", "text": "that New York was the money capital of"}, {"start": "00:13:27", "end": "00:13:32", "text": "the world. You know, we're all, you"}, {"start": "00:13:29", "end": "00:13:34", "text": "know, right? Yeah. Um, however, anything"}, {"start": "00:13:32", "end": "00:13:37", "text": "to do with money in New York apparently"}, {"start": "00:13:34", "end": "00:13:37", "text": "is terrible."}, {"start": "00:13:38", "end": "00:13:42", "text": "And I and I and I and I know that"}, {"start": "00:13:39", "end": "00:13:44", "text": "because I've I've gone over news daily"}, {"start": "00:13:42", "end": "00:13:47", "text": "for over a decade and this is that what"}, {"start": "00:13:44", "end": "00:13:48", "text": "we've just been been getting. So it"}, {"start": "00:13:47", "end": "00:13:50", "text": "happened to Coinbase, it happened to"}, {"start": "00:13:48", "end": "00:13:52", "text": "Kraken, it happened to Gemini, it's"}, {"start": "00:13:50", "end": "00:13:55", "text": "happened to every single thing that has"}, {"start": "00:13:52", "end": "00:13:58", "text": "to do with crypto in New York for some"}, {"start": "00:13:55", "end": "00:14:01", "text": "reason. It just takes them years. Can"}, {"start": "00:13:58", "end": "00:14:05", "text": "you imagine getting a legal license to"}, {"start": "00:14:01", "end": "00:14:07", "text": "do something in 2023 and only right now"}, {"start": "00:14:05", "end": "00:14:09", "text": "someone's like, \"Ah, yeah. Oh my gosh, I"}, {"start": "00:14:07", "end": "00:14:10", "text": "totally forgot.\" Uh, here's your"}, {"start": "00:14:09", "end": "00:14:13", "text": "paperwork. You can now you can Yeah."}, {"start": "00:14:10", "end": "00:14:16", "text": "Yeah. You can work here now."}, {"start": "00:14:13", "end": "00:14:19", "text": "Uhhuh. Bit license"}, {"start": "00:14:16", "end": "00:14:22", "text": "is among the strictest cryptocurrency"}, {"start": "00:14:19", "end": "00:14:25", "text": "policies in the United States. It was"}, {"start": "00:14:22", "end": "00:14:28", "text": "established in 2015"}, {"start": "00:14:25", "end": "00:14:32", "text": "and is issued by the New York State"}, {"start": "00:14:28", "end": "00:14:36", "text": "Department of Financial Services. Yonyi"}, {"start": "00:14:32", "end": "00:14:38", "text": "Assia, founder and CEO of E Toro, shared"}, {"start": "00:14:36", "end": "00:14:41", "text": "his view on the matter. He noted an"}, {"start": "00:14:38", "end": "00:14:43", "text": "unusual client's behavior pattern,"}, {"start": "00:14:41", "end": "00:14:45", "text": "alleging that digital asset traders"}, {"start": "00:14:43", "end": "00:14:47", "text": "illustrated heightened interest in"}, {"start": "00:14:45", "end": "00:14:50", "text": "commodities for the first time in"}, {"start": "00:14:47", "end": "00:14:53", "text": "history. Following e Toro's recent move,"}, {"start": "00:14:50", "end": "00:14:55", "text": "analysts noted the heightened scrutiny"}, {"start": "00:14:53", "end": "00:14:58", "text": "or support for crypto businesses extends"}, {"start": "00:14:55", "end": "00:15:00", "text": "beyond New York. At this time, McCormack"}, {"start": "00:14:58", "end": "00:15:04", "text": "noted that the company's crypto services"}, {"start": "00:15:00", "end": "00:15:07", "text": "are unavailable in Hawaii and Nevada."}, {"start": "00:15:04", "end": "00:15:09", "text": "You know, at this point, it kind of is"}, {"start": "00:15:07", "end": "00:15:11", "text": "what it is. I said this years ago. If"}, {"start": "00:15:09", "end": "00:15:13", "text": "you want crypto,"}, {"start": "00:15:11", "end": "00:15:17", "text": "you're going to get it. If you were"}, {"start": "00:15:13", "end": "00:15:20", "text": "waiting for E Toro to enter New York,"}, {"start": "00:15:17", "end": "00:15:23", "text": "it's a little weird. You have Coinbase,"}, {"start": "00:15:20", "end": "00:15:26", "text": "you have Kraken, I think Binance, I"}, {"start": "00:15:23", "end": "00:15:27", "text": "think Binance is once again legal within"}, {"start": "00:15:26", "end": "00:15:30", "text": "the United States. I don't remember"}, {"start": "00:15:27", "end": "00:15:32", "text": "because they had trouble and then they"}, {"start": "00:15:30", "end": "00:15:34", "text": "had to leave the US and then Binance US"}, {"start": "00:15:32", "end": "00:15:36", "text": "opened and I think Binance US was"}, {"start": "00:15:34", "end": "00:15:39", "text": "closing down. You have Robin Hood, you"}, {"start": "00:15:36", "end": "00:15:41", "text": "have multiple different avenues. years a"}, {"start": "00:15:39", "end": "00:15:43", "text": "yo"}, {"start": "00:15:41", "end": "00:15:44", "text": "years ago there was some really weird"}, {"start": "00:15:43", "end": "00:15:49", "text": "thing"}, {"start": "00:15:44", "end": "00:15:50", "text": "where like anytime that Robin Hood"}, {"start": "00:15:49", "end": "00:15:55", "text": "announced that they were doing something"}, {"start": "00:15:50", "end": "00:15:57", "text": "with crypto we are adding XRP today and"}, {"start": "00:15:55", "end": "00:16:01", "text": "then the price would go up by like 25%"}, {"start": "00:15:57", "end": "00:16:05", "text": "and I was like did did people in America"}, {"start": "00:16:01", "end": "00:16:08", "text": "not have access to XRP before we are"}, {"start": "00:16:05", "end": "00:16:10", "text": "adding Polygon polygon would go up by"}, {"start": "00:16:08", "end": "00:16:13", "text": "22% and it's like"}, {"start": "00:16:10", "end": "00:16:16", "text": "you you know that Polygon was already on"}, {"start": "00:16:13", "end": "00:16:18", "text": "Coinbase and like 17 other platforms,"}, {"start": "00:16:16", "end": "00:16:22", "text": "right? I don't I don't I truly don't"}, {"start": "00:16:18", "end": "00:16:25", "text": "understand it. So cool. Uh good job e"}, {"start": "00:16:22", "end": "00:16:26", "text": "Toro for um having patience that I I"}, {"start": "00:16:25", "end": "00:16:27", "text": "could you know how many phone calls I"}, {"start": "00:16:26", "end": "00:16:30", "text": "would have been sending to people and"}, {"start": "00:16:27", "end": "00:16:32", "text": "just been like dude like what are you"}, {"start": "00:16:30", "end": "00:16:35", "text": "what are you waiting for? If it takes"}, {"start": "00:16:32", "end": "00:16:37", "text": "that long to get paperwork, I imagine"}, {"start": "00:16:35", "end": "00:16:40", "text": "doing business there in general has to"}, {"start": "00:16:37", "end": "00:16:42", "text": "be terrible."}, {"start": "00:16:40", "end": "00:16:44", "text": "Like, think about that. Because you're"}, {"start": "00:16:42", "end": "00:16:47", "text": "still under the rules and regulations of"}, {"start": "00:16:44", "end": "00:16:49", "text": "the local uh regulators. If it took them"}, {"start": "00:16:47", "end": "00:16:54", "text": "three years to give you a thumbs up"}, {"start": "00:16:49", "end": "00:16:54", "text": "after you got paperwork in 2023,"}, {"start": "00:16:54", "end": "00:17:00", "text": "that's the e Toro is finally in New York"}, {"start": "00:16:57", "end": "00:17:02", "text": "news and apparently not in Hawaii and"}, {"start": "00:17:00", "end": "00:17:06", "text": "Nevada."}, {"start": "00:17:02", "end": "00:17:09", "text": "I don't. Okkey dokie."}, {"start": "00:17:06", "end": "00:17:13", "text": "Let's move on."}, {"start": "00:17:09", "end": "00:17:15", "text": "Also, in very popular news, I I didn't"}, {"start": "00:17:13", "end": "00:17:17", "text": "get it, but then I got it and I was"}, {"start": "00:17:15", "end": "00:17:20", "text": "like, \"Okay,"}, {"start": "00:17:17", "end": "00:17:23", "text": "there's uh everybody wants their crypto"}, {"start": "00:17:20", "end": "00:17:26", "text": "to be amazing. Everybody wants their"}, {"start": "00:17:23", "end": "00:17:30", "text": "crypto to be special.\" And because we're"}, {"start": "00:17:26", "end": "00:17:33", "text": "kind of getting down to the wire, uh, so"}, {"start": "00:17:30", "end": "00:17:36", "text": "we've been hearing as far as to which"}, {"start": "00:17:33", "end": "00:17:40", "text": "cryptocurrencies are going to be used"}, {"start": "00:17:36", "end": "00:17:43", "text": "and favored uh, by the very wealthy."}, {"start": "00:17:40", "end": "00:17:46", "text": "Everyone seems to be trying to secure"}, {"start": "00:17:43", "end": "00:17:49", "text": "their position. We heard recently from"}, {"start": "00:17:46", "end": "00:17:53", "text": "the creator of Cardano, uh, Charles"}, {"start": "00:17:49", "end": "00:17:55", "text": "Hoskinson. Uh he announced recently that"}, {"start": "00:17:53", "end": "00:17:57", "text": "their upgrade Midnight is going to be"}, {"start": "00:17:55", "end": "00:18:00", "text": "like the best thing ever. You know,"}, {"start": "00:17:57", "end": "00:18:03", "text": "Midnight's here and it's gonna be"}, {"start": "00:18:00", "end": "00:18:07", "text": "awesome sauce. And then he was like, um,"}, {"start": "00:18:03", "end": "00:18:09", "text": "yeah, so we're integrating with XRP and"}, {"start": "00:18:07", "end": "00:18:11", "text": "we're going to be doing this with"}, {"start": "00:18:09", "end": "00:18:14", "text": "Bitcoin. It's going to be cool. And then"}, {"start": "00:18:11", "end": "00:18:16", "text": "he told people like a week ago, he was"}, {"start": "00:18:14", "end": "00:18:18", "text": "like,"}, {"start": "00:18:16", "end": "00:18:20", "text": "\"Please use the chain. Someone, someone,"}, {"start": "00:18:18", "end": "00:18:22", "text": "please. This is a real thing. If you"}, {"start": "00:18:20", "end": "00:18:24", "text": "didn't see the video, he was like he was"}, {"start": "00:18:22", "end": "00:18:26", "text": "trying to rally the community. He was"}, {"start": "00:18:24", "end": "00:18:28", "text": "like, \"You guys got to use it. Stop just"}, {"start": "00:18:26", "end": "00:18:30", "text": "holding your coins. Do something with"}, {"start": "00:18:28", "end": "00:18:34", "text": "it.\" So,"}, {"start": "00:18:30", "end": "00:18:38", "text": "in that same thing, every single time"}, {"start": "00:18:34", "end": "00:18:42", "text": "that a a coin gets announced as like"}, {"start": "00:18:38", "end": "00:18:44", "text": "they hold a huge position in a market or"}, {"start": "00:18:42", "end": "00:18:46", "text": "in an investor's heart or their"}, {"start": "00:18:44", "end": "00:18:49", "text": "portfolio,"}, {"start": "00:18:46", "end": "00:18:51", "text": "it makes big news."}, {"start": "00:18:49", "end": "00:18:53", "text": "Back in the news again is Franklin"}, {"start": "00:18:51", "end": "00:18:56", "text": "Templeton."}, {"start": "00:18:53", "end": "00:19:00", "text": "Global asset manager Franklin Templeton"}, {"start": "00:18:56", "end": "00:19:06", "text": "has disclosed in a recent regulatory"}, {"start": "00:19:00", "end": "00:19:10", "text": "filing that XRP is one of the major"}, {"start": "00:19:06", "end": "00:19:13", "text": "digital assets included in their crypto"}, {"start": "00:19:10", "end": "00:19:15", "text": "index ETF. Yes, as you might have"}, {"start": "00:19:13", "end": "00:19:18", "text": "imagined, anything revolving around an"}, {"start": "00:19:15", "end": "00:19:21", "text": "ETF continues to make popular news."}, {"start": "00:19:18", "end": "00:19:25", "text": "There still"}, {"start": "00:19:21", "end": "00:19:30", "text": "are rumors that Black Rockck is going to"}, {"start": "00:19:25", "end": "00:19:34", "text": "launch or apply for an XRP ETF. It ends"}, {"start": "00:19:30", "end": "00:19:37", "text": "up making extremely"}, {"start": "00:19:34", "end": "00:19:39", "text": "popular news over and over as the"}, {"start": "00:19:37", "end": "00:19:42", "text": "expectation is."}, {"start": "00:19:39", "end": "00:19:45", "text": "Black Rockck launched a Bitcoin ETF."}, {"start": "00:19:42", "end": "00:19:48", "text": "Bitcoin's price I think it was like"}, {"start": "00:19:45", "end": "00:19:49", "text": "wasn't it at 13,000?"}, {"start": "00:19:48", "end": "00:19:52", "text": "It was very low. Wherever the number"}, {"start": "00:19:49", "end": "00:19:55", "text": "was, it was extremely low. Bitcoin goes"}, {"start": "00:19:52", "end": "00:19:56", "text": "to 125,000."}, {"start": "00:19:55", "end": "00:20:00", "text": "They announced they're launching an"}, {"start": "00:19:56", "end": "00:20:02", "text": "Ethereum one. Ethereum, didn't it hit"}, {"start": "00:20:00", "end": "00:20:07", "text": "like 4,000 somewhere in that region?"}, {"start": "00:20:02", "end": "00:20:12", "text": "Awesome. Made money. So, for XRP, the"}, {"start": "00:20:07", "end": "00:20:16", "text": "idea is that institutions seemingly love"}, {"start": "00:20:12", "end": "00:20:19", "text": "securitized versions of assets. They"}, {"start": "00:20:16", "end": "00:20:22", "text": "love ETFs more than they do actually"}, {"start": "00:20:19", "end": "00:20:25", "text": "buying it on Coinbase. So, we've heard"}, {"start": "00:20:22", "end": "00:20:28", "text": "they love getting Ether shares through"}, {"start": "00:20:25", "end": "00:20:30", "text": "ETFs as opposed to buying it and staking"}, {"start": "00:20:28", "end": "00:20:34", "text": "it themselves. And therefore, if you"}, {"start": "00:20:30", "end": "00:20:38", "text": "give institutions an institutional way"}, {"start": "00:20:34", "end": "00:20:41", "text": "to procure XRP in some form or fashion,"}, {"start": "00:20:38", "end": "00:20:46", "text": "buddy boy, that would equate to a much"}, {"start": "00:20:41", "end": "00:20:49", "text": "higher price. It says, \"XRP"}, {"start": "00:20:46", "end": "00:20:52", "text": "is one of the major digital assets"}, {"start": "00:20:49", "end": "00:20:55", "text": "included in the Franklin Templeton"}, {"start": "00:20:52", "end": "00:20:58", "text": "Crypto Index ETF."}, {"start": "00:20:55", "end": "00:21:01", "text": "The ticker symbol for it is literally"}, {"start": "00:20:58", "end": "00:21:05", "text": "easy peasy."}, {"start": "00:21:01", "end": "00:21:09", "text": "XRP held a 5.91%"}, {"start": "00:21:05", "end": "00:21:12", "text": "portfolio weight at the end of 2025,"}, {"start": "00:21:09", "end": "00:21:16", "text": "which has been slightly adjusted to"}, {"start": "00:21:12", "end": "00:21:18", "text": "around 5.85%. 85% at press time."}, {"start": "00:21:16", "end": "00:21:22", "text": "Uh, cool."}, {"start": "00:21:18", "end": "00:21:24", "text": "That's That's the news. I'm not joking."}, {"start": "00:21:22", "end": "00:21:26", "text": "You think You think it's a you you think"}, {"start": "00:21:24", "end": "00:21:30", "text": "sometimes I'm overexaggerating. I know."}, {"start": "00:21:26", "end": "00:21:32", "text": "Believe me, I've been here long enough"}, {"start": "00:21:30", "end": "00:21:35", "text": "to know and realize when it comes to"}, {"start": "00:21:32", "end": "00:21:38", "text": "XRP, people don't play games. These"}, {"start": "00:21:35", "end": "00:21:41", "text": "people really love. This was incredibly"}, {"start": "00:21:38", "end": "00:21:44", "text": "popular news because I think according"}, {"start": "00:21:41", "end": "00:21:48", "text": "to numbers XRP is the third largest"}, {"start": "00:21:44", "end": "00:21:51", "text": "asset that Franklin Templeton has in"}, {"start": "00:21:48", "end": "00:21:53", "text": "their ETF."}, {"start": "00:21:51", "end": "00:21:55", "text": "So, because it's not number five or"}, {"start": "00:21:53", "end": "00:21:59", "text": "number four, it's number three. Popular"}, {"start": "00:21:55", "end": "00:22:02", "text": "news. I am"}, {"start": "00:21:59", "end": "00:22:06", "text": "I'm excited to get to like 2028"}, {"start": "00:22:02", "end": "00:22:10", "text": "because I really wanna I really I truly"}, {"start": "00:22:06", "end": "00:22:13", "text": "do. I want to see exactly how many banks"}, {"start": "00:22:10", "end": "00:22:16", "text": "are using XRP. I want to see how many"}, {"start": "00:22:13", "end": "00:22:20", "text": "institutions and companies are using"}, {"start": "00:22:16", "end": "00:22:23", "text": "Ripple's stable coin. How much XRP has"}, {"start": "00:22:20", "end": "00:22:26", "text": "been burned. I want to get to a $12 XRP"}, {"start": "00:22:23", "end": "00:22:30", "text": "so bad because I feel like the the"}, {"start": "00:22:26", "end": "00:22:33", "text": "Ripple and XRP community. Your your"}, {"start": "00:22:30", "end": "00:22:34", "text": "patience is unmatched. And I mean"}, {"start": "00:22:33", "end": "00:22:37", "text": "completely"}, {"start": "00:22:34", "end": "00:22:39", "text": "like I'm I'm a pretty patient person."}, {"start": "00:22:37", "end": "00:22:41", "text": "But it gets to a certain point where my"}, {"start": "00:22:39", "end": "00:22:44", "text": "mind is like, \"Oh, look over there."}, {"start": "00:22:41", "end": "00:22:47", "text": "Shiny.\" Like that kind of thing. When"}, {"start": "00:22:44", "end": "00:22:49", "text": "this coin hits $10, there are going to"}, {"start": "00:22:47", "end": "00:22:53", "text": "be celebrations in the street. like you"}, {"start": "00:22:49", "end": "00:22:55", "text": "don't know Ripple has done so much. XRP"}, {"start": "00:22:53", "end": "00:22:57", "text": "is already being used in a lot of places"}, {"start": "00:22:55", "end": "00:23:03", "text": "but it's you can still feel that it"}, {"start": "00:22:57", "end": "00:23:05", "text": "needs that like hyper nudge to really"}, {"start": "00:23:03", "end": "00:23:10", "text": "gain in popularity."}, {"start": "00:23:05", "end": "00:23:12", "text": "Uh but alas, yes, a lot of XRP news uh"}, {"start": "00:23:10", "end": "00:23:15", "text": "almost every single day. A lot of times"}, {"start": "00:23:12", "end": "00:23:18", "text": "I tend not to bring you all of it"}, {"start": "00:23:15", "end": "00:23:20", "text": "because I know it would be completely"}, {"start": "00:23:18", "end": "00:23:24", "text": "overwhelming. Ripple does stuff every"}, {"start": "00:23:20", "end": "00:23:26", "text": "day. You don't get it. Ripple is a"}, {"start": "00:23:24", "end": "00:23:28", "text": "company that's constantly working."}, {"start": "00:23:26", "end": "00:23:31", "text": "They're always on news programs,"}, {"start": "00:23:28", "end": "00:23:34", "text": "platforms, uh, promoting themselves."}, {"start": "00:23:31", "end": "00:23:36", "text": "There's XRP news about something every"}, {"start": "00:23:34", "end": "00:23:40", "text": "day. There are countries and companies"}, {"start": "00:23:36", "end": "00:23:42", "text": "and banks circling that coin in mass."}, {"start": "00:23:40", "end": "00:23:44", "text": "So, with Franklin Templeton recently"}, {"start": "00:23:42", "end": "00:23:46", "text": "announcing"}, {"start": "00:23:44", "end": "00:23:48", "text": "uh they're moving, what are they doing?"}, {"start": "00:23:46", "end": "00:23:50", "text": "Oh gosh, it's something revolving around"}, {"start": "00:23:48", "end": "00:23:53", "text": "Bitcoin and they also have all these"}, {"start": "00:23:50", "end": "00:23:57", "text": "crazy price predictions for the"}, {"start": "00:23:53", "end": "00:24:00", "text": "cryptocurrency uh market. Of course, any"}, {"start": "00:23:57", "end": "00:24:06", "text": "kind of XRP news swirls around in there"}, {"start": "00:24:00", "end": "00:24:08", "text": "as well as seemingly everyone"}, {"start": "00:24:06", "end": "00:24:11", "text": "is anticipating much higher"}, {"start": "00:24:08", "end": "00:24:13", "text": "cryptocurrency prices. This is the news"}, {"start": "00:24:11", "end": "00:24:16", "text": "that we've been getting. Major price"}, {"start": "00:24:13", "end": "00:24:18", "text": "going up. Everyone love crypto. Everyone"}, {"start": "00:24:16", "end": "00:24:21", "text": "buying $280,000"}, {"start": "00:24:18", "end": "00:24:21", "text": "BTC."}, {"start": "00:24:22", "end": "00:24:26", "text": "Well,"}, {"start": "00:24:23", "end": "00:24:29", "text": "I think that is going to do it for this"}, {"start": "00:24:26", "end": "00:24:31", "text": "video. Please"}, {"start": "00:24:29", "end": "00:24:33", "text": "don't forget to invest. Please don't"}, {"start": "00:24:31", "end": "00:24:35", "text": "forget to buy an asset. I don't care"}, {"start": "00:24:33", "end": "00:24:37", "text": "what it is. Just buy something. Make"}, {"start": "00:24:35", "end": "00:24:40", "text": "sure that you are beefing up your"}, {"start": "00:24:37", "end": "00:24:43", "text": "portfolios so that you have assets in"}, {"start": "00:24:40", "end": "00:24:45", "text": "the future"}, {"start": "00:24:43", "end": "00:24:47", "text": "because you will need them. Uh, thank"}, {"start": "00:24:45", "end": "00:24:50", "text": "you all once again for watching the"}, {"start": "00:24:47", "end": "00:24:52", "text": "video, liking the video, commenting on"}, {"start": "00:24:50", "end": "00:24:55", "text": "the video, subscribing to the channel,"}, {"start": "00:24:52", "end": "00:24:58", "text": "and I will"}, {"start": "00:24:55", "end": "00:25:00", "text": "most certainly be talking to you all"}, {"start": "00:24:58", "end": "00:25:02", "text": "soon."}, {"start": "00:25:00", "end": "00:25:05", "text": "See"}, {"start": "00:25:02", "end": "00:25:05", "text": "you."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:10", "text": "Welcome"}, {"start": "00:00:05", "end": "00:00:12", "text": "back for another video."}, {"start": "00:00:10", "end": "00:00:14", "text": "I hope you're all doing well."}, {"start": "00:00:12", "end": "00:00:17", "text": "I hope that everyone out there is doing"}, {"start": "00:00:14", "end": "00:00:20", "text": "absolutely fantastic."}, {"start": "00:00:17", "end": "00:00:24", "text": "Hope you're all remembering to invest."}, {"start": "00:00:20", "end": "00:00:28", "text": "If if nothing else once a day, once just"}, {"start": "00:00:24", "end": "00:00:30", "text": "I ask you just one time per day."}, {"start": "00:00:28", "end": "00:00:32", "text": "Buy some kind of an asset or an"}, {"start": "00:00:30", "end": "00:00:35", "text": "investment."}, {"start": "00:00:32", "end": "00:00:38", "text": "I don't care what it is as long as by"}, {"start": "00:00:35", "end": "00:00:40", "text": "the end of the year you have 365"}, {"start": "00:00:38", "end": "00:00:43", "text": "minimum brand new investments of some"}, {"start": "00:00:40", "end": "00:00:45", "text": "sort. And that can literally be as"}, {"start": "00:00:43", "end": "00:00:49", "text": "simple as buying"}, {"start": "00:00:45", "end": "00:00:51", "text": "your favorite inexpensive crypto."}, {"start": "00:00:49", "end": "00:00:53", "text": "Really, I'm I'm going to start getting"}, {"start": "00:00:51", "end": "00:00:57", "text": "people on this train every single day."}, {"start": "00:00:53", "end": "00:00:58", "text": "Don't forget to buy at least one kind of"}, {"start": "00:00:57", "end": "00:01:00", "text": "thing."}, {"start": "00:00:58", "end": "00:01:03", "text": "Because it will all add up and you will"}, {"start": "00:01:00", "end": "00:01:05", "text": "become richer. Uh don't forget to leave"}, {"start": "00:01:03", "end": "00:01:07", "text": "a like."}, {"start": "00:01:05", "end": "00:01:09", "text": "Uh helps out with the channel, helps out"}, {"start": "00:01:07", "end": "00:01:12", "text": "with the algorithm. Very big thank you"}, {"start": "00:01:09", "end": "00:01:15", "text": "to everyone who is a a clicker of"}, {"start": "00:01:12", "end": "00:01:16", "text": "affiliate links in the description"}, {"start": "00:01:15", "end": "00:01:18", "text": "below."}, {"start": "00:01:16", "end": "00:01:19", "text": "I was just watching a video. This is why"}, {"start": "00:01:18", "end": "00:01:22", "text": "I think it was like"}, {"start": "00:01:19", "end": "00:01:26", "text": "at the forefront of my mind and they"}, {"start": "00:01:22", "end": "00:01:29", "text": "were discussing uh the prices of rent."}, {"start": "00:01:26", "end": "00:01:31", "text": "And they were talking about"}, {"start": "00:01:29", "end": "00:01:34", "text": "what is called like food insecurity and"}, {"start": "00:01:31", "end": "00:01:35", "text": "all I mean a multitude of other things."}, {"start": "00:01:34", "end": "00:01:38", "text": "And the guy who was discussing it, it"}, {"start": "00:01:35", "end": "00:01:39", "text": "was on some finance channel."}, {"start": "00:01:38", "end": "00:01:42", "text": "He was like, \"Yeah, this is hitting the"}, {"start": "00:01:39", "end": "00:01:44", "text": "bulk of Americans.\" And the the news"}, {"start": "00:01:42", "end": "00:01:46", "text": "host was like, \"Well, you know, who who"}, {"start": "00:01:44", "end": "00:01:48", "text": "is it not hitting?\" And he was like,"}, {"start": "00:01:46", "end": "00:01:50", "text": "\"It It's people with assets. It's people"}, {"start": "00:01:48", "end": "00:01:52", "text": "who have assets, who have been"}, {"start": "00:01:50", "end": "00:01:54", "text": "accumulating during downturns or when"}, {"start": "00:01:52", "end": "00:01:56", "text": "prices are up, these people are are"}, {"start": "00:01:54", "end": "00:01:59", "text": "shielded.\" He was like, \"If if hard"}, {"start": "00:01:56", "end": "00:02:02", "text": "times come, these people can sell you"}, {"start": "00:01:59", "end": "00:02:05", "text": "know, 15, 20,000 worth of investments to"}, {"start": "00:02:02", "end": "00:02:07", "text": "be like, 'Okay, cool. We like we have a"}, {"start": "00:02:05", "end": "00:02:09", "text": "cushion.' Or, you know, they're getting"}, {"start": "00:02:07", "end": "00:02:10", "text": "dividends from something"}, {"start": "00:02:09", "end": "00:02:13", "text": "that's getting them"}, {"start": "00:02:10", "end": "00:02:16", "text": "an additional 200, 300 per month. And"}, {"start": "00:02:13", "end": "00:02:18", "text": "that goes a long way. Like imagine you"}, {"start": "00:02:16", "end": "00:02:21", "text": "had an investment right now"}, {"start": "00:02:18", "end": "00:02:23", "text": "that was getting you an extra $370"}, {"start": "00:02:21", "end": "00:02:24", "text": "per month. Like what that could go"}, {"start": "00:02:23", "end": "00:02:26", "text": "towards.\""}, {"start": "00:02:24", "end": "00:02:28", "text": "And I was like, \"Yeah, I got to start"}, {"start": "00:02:26", "end": "00:02:30", "text": "making sure that I push that.\" I'm"}, {"start": "00:02:28", "end": "00:02:31", "text": "always on the train of, you know, make"}, {"start": "00:02:30", "end": "00:02:33", "text": "sure you save."}, {"start": "00:02:31", "end": "00:02:35", "text": "That's also very important. That's not"}, {"start": "00:02:33", "end": "00:02:37", "text": "something to be forgotten. Make sure you"}, {"start": "00:02:35", "end": "00:02:38", "text": "save your money. Make sure you're"}, {"start": "00:02:37", "end": "00:02:41", "text": "investing."}, {"start": "00:02:38", "end": "00:02:42", "text": "But gosh darn it, every single day look"}, {"start": "00:02:41", "end": "00:02:44", "text": "into something, buy something. I don't"}, {"start": "00:02:42", "end": "00:02:47", "text": "care what it is, it's all going to add"}, {"start": "00:02:44", "end": "00:02:49", "text": "up because just in case"}, {"start": "00:02:47", "end": "00:02:51", "text": "in the future it will act as some sort"}, {"start": "00:02:49", "end": "00:02:53", "text": "of a"}, {"start": "00:02:51", "end": "00:02:54", "text": "uh a savings account as well where"}, {"start": "00:02:53", "end": "00:02:56", "text": "you'll be able to dip into it if you"}, {"start": "00:02:54", "end": "00:03:00", "text": "need to."}, {"start": "00:02:56", "end": "00:03:00", "text": "Yeah. Um Welcome back to the channel."}, {"start": "00:03:00", "end": "00:03:01", "text": ">> [laughter]"}, {"start": "00:03:00", "end": "00:03:03", "text": ">> There's a there's just always a lot"}, {"start": "00:03:01", "end": "00:03:07", "text": "flowing through my"}, {"start": "00:03:03", "end": "00:03:09", "text": "my brain and I think a lot of times"}, {"start": "00:03:07", "end": "00:03:11", "text": "I kind of say stuff here"}, {"start": "00:03:09", "end": "00:03:13", "text": "that I've tried to tell people my entire"}, {"start": "00:03:11", "end": "00:03:16", "text": "life and people look at me like I'm"}, {"start": "00:03:13", "end": "00:03:19", "text": "crazy when I say save money or invest or"}, {"start": "00:03:16", "end": "00:03:22", "text": "learn something new or make sure that"}, {"start": "00:03:19", "end": "00:03:25", "text": "next year you are richer than this year."}, {"start": "00:03:22", "end": "00:03:28", "text": "So, um yeah, the cryptocurrency market"}, {"start": "00:03:25", "end": "00:03:30", "text": "continues to be in a"}, {"start": "00:03:28", "end": "00:03:33", "text": "flux of sort"}, {"start": "00:03:30", "end": "00:03:37", "text": "revolving around world events and where"}, {"start": "00:03:33", "end": "00:03:38", "text": "they might be going. Uh we have periods"}, {"start": "00:03:37", "end": "00:03:41", "text": "of"}, {"start": "00:03:38", "end": "00:03:44", "text": "slightly renewed optimism and then for"}, {"start": "00:03:41", "end": "00:03:46", "text": "some reason four or five days later that"}, {"start": "00:03:44", "end": "00:03:50", "text": "gets tussled around."}, {"start": "00:03:46", "end": "00:03:54", "text": "However, I will say um like usual, fear"}, {"start": "00:03:50", "end": "00:03:56", "text": "cannot and will not last forever"}, {"start": "00:03:54", "end": "00:04:00", "text": "in any market, but"}, {"start": "00:03:56", "end": "00:04:03", "text": "we would most certainly benefit from"}, {"start": "00:04:00", "end": "00:04:05", "text": "some kind of a cool down"}, {"start": "00:04:03", "end": "00:04:07", "text": "at this point where every day just"}, {"start": "00:04:05", "end": "00:04:10", "text": "wasn't complete insanity."}, {"start": "00:04:07", "end": "00:04:12", "text": "It would It would definitely help out um"}, {"start": "00:04:10", "end": "00:04:16", "text": "in many different ways."}, {"start": "00:04:12", "end": "00:04:20", "text": "So, uh we have been going over the last"}, {"start": "00:04:16", "end": "00:04:23", "text": "few weeks. There is some kind of a a"}, {"start": "00:04:20", "end": "00:04:26", "text": "mental change and or shift. And I will"}, {"start": "00:04:23", "end": "00:04:28", "text": "give you what I think it is,"}, {"start": "00:04:26", "end": "00:04:30", "text": "what it probably is, and then both of"}, {"start": "00:04:28", "end": "00:04:33", "text": "them will combine."}, {"start": "00:04:30", "end": "00:04:36", "text": "We've been hearing for some time now in"}, {"start": "00:04:33", "end": "00:04:39", "text": "on in the cryptocurrency space"}, {"start": "00:04:36", "end": "00:04:41", "text": "that gold is faltering. Gold isn't"}, {"start": "00:04:39", "end": "00:04:43", "text": "living up to"}, {"start": "00:04:41", "end": "00:04:47", "text": "uh what it used to. Why is gold going"}, {"start": "00:04:43", "end": "00:04:50", "text": "down? Bitcoin's going to overtake gold."}, {"start": "00:04:47", "end": "00:04:52", "text": "Bitcoin will be in 3 years digital gold."}, {"start": "00:04:50", "end": "00:04:55", "text": "If you haven't been here, that's been"}, {"start": "00:04:52", "end": "00:04:56", "text": "like droplets within the news."}, {"start": "00:04:55", "end": "00:04:58", "text": "We've heard from analysts"}, {"start": "00:04:56", "end": "00:05:00", "text": "who've been going over gold fell by"}, {"start": "00:04:58", "end": "00:05:03", "text": "$700."}, {"start": "00:05:00", "end": "00:05:04", "text": "That's not very"}, {"start": "00:05:03", "end": "00:05:05", "text": "um"}, {"start": "00:05:04", "end": "00:05:07", "text": "the word's not trustworthy, but you know"}, {"start": "00:05:05", "end": "00:05:09", "text": "what I mean. You know, that's not great"}, {"start": "00:05:07", "end": "00:05:12", "text": "in an economic downturn. And at the same"}, {"start": "00:05:09", "end": "00:05:14", "text": "time Bitcoin goes up by 3% and there's"}, {"start": "00:05:12", "end": "00:05:14", "text": "like this extra push"}, {"start": "00:05:14", "end": "00:05:16", "text": ">> [snorts]"}, {"start": "00:05:14", "end": "00:05:18", "text": ">> by analysts and these people to be like,"}, {"start": "00:05:16", "end": "00:05:20", "text": "\"Well, Bitcoin's clearly the winner in"}, {"start": "00:05:18", "end": "00:05:22", "text": "this case.\""}, {"start": "00:05:20", "end": "00:05:24", "text": "Um there appears to be and we've had"}, {"start": "00:05:22", "end": "00:05:27", "text": "news about this for a while now. This"}, {"start": "00:05:24", "end": "00:05:29", "text": "isn't brand new."}, {"start": "00:05:27", "end": "00:05:32", "text": "We started first hearing more in this"}, {"start": "00:05:29", "end": "00:05:36", "text": "direction in 20"}, {"start": "00:05:32", "end": "00:05:38", "text": "23? 2024? Something like that."}, {"start": "00:05:36", "end": "00:05:40", "text": "When the Bitcoin ETFs were first"}, {"start": "00:05:38", "end": "00:05:42", "text": "launching"}, {"start": "00:05:40", "end": "00:05:46", "text": "we started getting news"}, {"start": "00:05:42", "end": "00:05:48", "text": "that people institutions were actually"}, {"start": "00:05:46", "end": "00:05:51", "text": "selling off portions"}, {"start": "00:05:48", "end": "00:05:53", "text": "of their gold portfolio"}, {"start": "00:05:51", "end": "00:05:56", "text": "and putting it into Bitcoin."}, {"start": "00:05:53", "end": "00:05:59", "text": "That was a major uh thing for crypto"}, {"start": "00:05:56", "end": "00:06:01", "text": "investors, but also for the idea that,"}, {"start": "00:05:59", "end": "00:06:04", "text": "you know, we heard years ago that"}, {"start": "00:06:01", "end": "00:06:07", "text": "Bitcoin was going to take over gold."}, {"start": "00:06:04", "end": "00:06:09", "text": "There's been a a recent rush"}, {"start": "00:06:07", "end": "00:06:11", "text": "of money flowing back into the"}, {"start": "00:06:09", "end": "00:06:14", "text": "cryptocurrency space."}, {"start": "00:06:11", "end": "00:06:16", "text": "You know, I'm I'm buying $120 million"}, {"start": "00:06:14", "end": "00:06:20", "text": "worth of Bitcoin. That company's buying"}, {"start": "00:06:16", "end": "00:06:22", "text": "$380 million worth of ether."}, {"start": "00:06:20", "end": "00:06:25", "text": "This company is trying to raise $22"}, {"start": "00:06:22", "end": "00:06:28", "text": "billion this year to get to a million"}, {"start": "00:06:25", "end": "00:06:30", "text": "bit like that kind of like hard hitting"}, {"start": "00:06:28", "end": "00:06:32", "text": "like something is definitely happening"}, {"start": "00:06:30", "end": "00:06:35", "text": "behind the scenes."}, {"start": "00:06:32", "end": "00:06:36", "text": "There appears to be How do I say this?"}, {"start": "00:06:35", "end": "00:06:38", "text": "So, for those of you who don't know, I"}, {"start": "00:06:36", "end": "00:06:41", "text": "keep mentioning it on both channels. My"}, {"start": "00:06:38", "end": "00:06:43", "text": "other channel is called Money Rules."}, {"start": "00:06:41", "end": "00:06:46", "text": "Um I mentioned it on both channels just"}, {"start": "00:06:43", "end": "00:06:49", "text": "so that everyone is"}, {"start": "00:06:46", "end": "00:06:51", "text": "aware of what's actually happening."}, {"start": "00:06:49", "end": "00:06:55", "text": "So, the reason why"}, {"start": "00:06:51", "end": "00:07:01", "text": "you sometimes have been seeing uh"}, {"start": "00:06:55", "end": "00:07:05", "text": "gold price fall down as world events"}, {"start": "00:07:01", "end": "00:07:08", "text": "get crazier is because Wall Street sold"}, {"start": "00:07:05", "end": "00:07:10", "text": "off a lot of their positions as retail"}, {"start": "00:07:08", "end": "00:07:12", "text": "was buying into the market. So, when"}, {"start": "00:07:10", "end": "00:07:13", "text": "normal people were buying and the price"}, {"start": "00:07:12", "end": "00:07:16", "text": "was going higher, Wall Street was"}, {"start": "00:07:13", "end": "00:07:19", "text": "selling off to take profits"}, {"start": "00:07:16", "end": "00:07:23", "text": "from their position in gold. And a lot"}, {"start": "00:07:19", "end": "00:07:25", "text": "of that money we have heard"}, {"start": "00:07:23", "end": "00:07:27", "text": "was apparently being shifted into the"}, {"start": "00:07:25", "end": "00:07:29", "text": "cryptocurrency space. I'm just telling"}, {"start": "00:07:27", "end": "00:07:32", "text": "you what I've been hearing, what's going"}, {"start": "00:07:29", "end": "00:07:34", "text": "on, and this is becoming bigger news"}, {"start": "00:07:32", "end": "00:07:37", "text": "because"}, {"start": "00:07:34", "end": "00:07:41", "text": "industry leaders have been telling us"}, {"start": "00:07:37", "end": "00:07:42", "text": "and I mean companies have outright said"}, {"start": "00:07:41", "end": "00:07:46", "text": "that they're moving further into"}, {"start": "00:07:42", "end": "00:07:49", "text": "Bitcoin. If Bitcoin has enough support"}, {"start": "00:07:46", "end": "00:07:52", "text": "if Bitcoin has enough money in it we are"}, {"start": "00:07:49", "end": "00:07:56", "text": "going to"}, {"start": "00:07:52", "end": "00:07:58", "text": "pass by gold ETF standards. How much"}, {"start": "00:07:56", "end": "00:08:01", "text": "money they have, Bitcoin's going to go"}, {"start": "00:07:58", "end": "00:08:03", "text": "past it. It's just a mathematical"}, {"start": "00:08:01", "end": "00:08:05", "text": "question of time."}, {"start": "00:08:03", "end": "00:08:08", "text": "The secondary part is that this aura is"}, {"start": "00:08:05", "end": "00:08:09", "text": "kind of being built further around"}, {"start": "00:08:08", "end": "00:08:11", "text": "Bitcoin"}, {"start": "00:08:09", "end": "00:08:15", "text": "as something that's going to overtake"}, {"start": "00:08:11", "end": "00:08:18", "text": "gold. That's going to cause gold to be"}, {"start": "00:08:15", "end": "00:08:21", "text": "very pass�. And that will then also"}, {"start": "00:08:18", "end": "00:08:24", "text": "cause Bitcoin to go to a million dollars"}, {"start": "00:08:21", "end": "00:08:27", "text": "and cause people who have gold to"}, {"start": "00:08:24", "end": "00:08:28", "text": "shudder or cower in corners of some"}, {"start": "00:08:27", "end": "00:08:31", "text": "sort. If you've been here, this is what"}, {"start": "00:08:28", "end": "00:08:33", "text": "the news kind I mean for"}, {"start": "00:08:31", "end": "00:08:36", "text": "since 2015"}, {"start": "00:08:33", "end": "00:08:38", "text": "that's kind of been like a story. So,"}, {"start": "00:08:36", "end": "00:08:39", "text": "recently on the news like we've been"}, {"start": "00:08:38", "end": "00:08:41", "text": "getting a lot of articles about this"}, {"start": "00:08:39", "end": "00:08:43", "text": "from different analysts in the crypto"}, {"start": "00:08:41", "end": "00:08:44", "text": "space who've been talking about it. But"}, {"start": "00:08:43", "end": "00:08:47", "text": "now it's like"}, {"start": "00:08:44", "end": "00:08:50", "text": "permeating into like financial news"}, {"start": "00:08:47", "end": "00:08:52", "text": "where people are outright saying, \"Hey,"}, {"start": "00:08:50", "end": "00:08:53", "text": "gold's not looking too hot. Bitcoin's"}, {"start": "00:08:52", "end": "00:08:55", "text": "going to a million. Bitcoin's going to"}, {"start": "00:08:53", "end": "00:08:58", "text": "pass it.\" And this is of course building"}, {"start": "00:08:55", "end": "00:09:00", "text": "up the hype further"}, {"start": "00:08:58", "end": "00:09:03", "text": "about potential"}, {"start": "00:09:00", "end": "00:09:03", "text": "movements up in price."}, {"start": "00:09:04", "end": "00:09:09", "text": "A significant forecast from Bloomberg"}, {"start": "00:09:08", "end": "00:09:12", "text": "Intelligence"}, {"start": "00:09:09", "end": "00:09:14", "text": "suggests a major shift in the"}, {"start": "00:09:12", "end": "00:09:16", "text": "exchange-traded"}, {"start": "00:09:14", "end": "00:09:18", "text": "fund landscape."}, {"start": "00:09:16", "end": "00:09:22", "text": "Analyst James Seyffart"}, {"start": "00:09:18", "end": "00:09:27", "text": "projects that spot Bitcoin ETFs will"}, {"start": "00:09:22", "end": "00:09:29", "text": "eventually exceed gold ETFs in total"}, {"start": "00:09:27", "end": "00:09:31", "text": "assets under management. We already saw"}, {"start": "00:09:29", "end": "00:09:34", "text": "I don't have the charts here."}, {"start": "00:09:31", "end": "00:09:36", "text": "Uh but we were seeing this was 2024,"}, {"start": "00:09:34", "end": "00:09:38", "text": "maybe summertime. We started getting a"}, {"start": "00:09:36", "end": "00:09:41", "text": "lot of charts showing uh how much money"}, {"start": "00:09:38", "end": "00:09:43", "text": "gold ETFs had inside of them, how much"}, {"start": "00:09:41", "end": "00:09:46", "text": "Bitcoin ETFs have inside of them, and"}, {"start": "00:09:43", "end": "00:09:48", "text": "then the speed at which they reached"}, {"start": "00:09:46", "end": "00:09:52", "text": "certain milestones."}, {"start": "00:09:48", "end": "00:09:54", "text": "Bitcoin ETFs from BlackRock, exclusively"}, {"start": "00:09:52", "end": "00:09:58", "text": "BlackRock"}, {"start": "00:09:54", "end": "00:10:01", "text": "became the best performing"}, {"start": "00:09:58", "end": "00:10:03", "text": "ETFs ever."}, {"start": "00:10:01", "end": "00:10:06", "text": "Not that year."}, {"start": "00:10:03", "end": "00:10:08", "text": "Not that decade. Ever. This is the news"}, {"start": "00:10:06", "end": "00:10:11", "text": "that we got. They had more money than"}, {"start": "00:10:08", "end": "00:10:13", "text": "any other ETF ever had in a very short"}, {"start": "00:10:11", "end": "00:10:16", "text": "period of time."}, {"start": "00:10:13", "end": "00:10:18", "text": "So, people began to compare the Bitcoin"}, {"start": "00:10:16", "end": "00:10:21", "text": "ones to the gold ones. And we had a lot"}, {"start": "00:10:18", "end": "00:10:24", "text": "of projections that said in 5 to 10"}, {"start": "00:10:21", "end": "00:10:27", "text": "years, Bitcoin ETFs will completely"}, {"start": "00:10:24", "end": "00:10:28", "text": "overshadow gold ones. This is what I'm"}, {"start": "00:10:27", "end": "00:10:31", "text": "talking but this is the kind of"}, {"start": "00:10:28", "end": "00:10:34", "text": "narrative and keeping in mind"}, {"start": "00:10:31", "end": "00:10:36", "text": "when we get news like this"}, {"start": "00:10:34", "end": "00:10:39", "text": "this news like this is from Bloomberg."}, {"start": "00:10:36", "end": "00:10:40", "text": "This isn't from some whatever."}, {"start": "00:10:39", "end": "00:10:42", "text": "This is from Bloomberg and the people"}, {"start": "00:10:40", "end": "00:10:45", "text": "who tend to read Bloomberg, who read"}, {"start": "00:10:42", "end": "00:10:47", "text": "Morningstar, who read financial news"}, {"start": "00:10:45", "end": "00:10:49", "text": "tend to have money and tend to have"}, {"start": "00:10:47", "end": "00:10:51", "text": "these assets at hand."}, {"start": "00:10:49", "end": "00:10:53", "text": "So, this news is for them in their"}, {"start": "00:10:51", "end": "00:10:55", "text": "direction to let them know"}, {"start": "00:10:53", "end": "00:10:59", "text": "gold isn't performing as well as you"}, {"start": "00:10:55", "end": "00:11:01", "text": "think because of A, B, and C. Bitcoin"}, {"start": "00:10:59", "end": "00:11:04", "text": "ETFs have been performing despite any"}, {"start": "00:11:01", "end": "00:11:07", "text": "market downturn. Therefore, investors"}, {"start": "00:11:04", "end": "00:11:08", "text": "are moving money from gold into Bitcoin."}, {"start": "00:11:07", "end": "00:11:12", "text": "It only takes fractions of that you"}, {"start": "00:11:08", "end": "00:11:14", "text": "know, if 1% of all the money in gold"}, {"start": "00:11:12", "end": "00:11:15", "text": "moved into Bitcoin, Bitcoin's price"}, {"start": "00:11:14", "end": "00:11:18", "text": "would go up. And then you can point and"}, {"start": "00:11:15", "end": "00:11:20", "text": "say, \"See, I told you so.\" So, then"}, {"start": "00:11:18", "end": "00:11:23", "text": "investors go, \"Okay, another 1%.\" And it"}, {"start": "00:11:20", "end": "00:11:25", "text": "it creates a self-fulfilling monetary"}, {"start": "00:11:23", "end": "00:11:27", "text": "prophecy. And this is direction that we"}, {"start": "00:11:25", "end": "00:11:29", "text": "keep moving into."}, {"start": "00:11:27", "end": "00:11:33", "text": "This prediction"}, {"start": "00:11:29", "end": "00:11:36", "text": "hinges on Bitcoin's multi-faceted role"}, {"start": "00:11:33", "end": "00:11:39", "text": "in modern portfolios compared to gold's"}, {"start": "00:11:36", "end": "00:11:41", "text": "traditional singular narrative. The idea"}, {"start": "00:11:39", "end": "00:11:44", "text": "is that Bitcoin is 24 hours a day. You"}, {"start": "00:11:41", "end": "00:11:45", "text": "can have a Nano Ledger. You can have it"}, {"start": "00:11:44", "end": "00:11:47", "text": "in your pocket. You can get onto an"}, {"start": "00:11:45", "end": "00:11:49", "text": "airplane. You can fly to Tokyo. You"}, {"start": "00:11:47", "end": "00:11:52", "text": "still have all your money. You can't do"}, {"start": "00:11:49", "end": "00:11:56", "text": "that with 85 bars of gold. They won't"}, {"start": "00:11:52", "end": "00:11:58", "text": "let you onto the plane. Bitcoin is 24/7."}, {"start": "00:11:56", "end": "00:12:00", "text": "Stock markets are not. Bitcoin can do"}, {"start": "00:11:58", "end": "00:12:01", "text": "this. Bitcoin can transfer You can"}, {"start": "00:12:00", "end": "00:12:03", "text": "transfer a trillion dollars worth of"}, {"start": "00:12:01", "end": "00:12:06", "text": "Bitcoin in 1 second. You can't do that"}, {"start": "00:12:03", "end": "00:12:07", "text": "like that's the I mean, it all makes"}, {"start": "00:12:06", "end": "00:12:09", "text": "sense."}, {"start": "00:12:07", "end": "00:12:13", "text": "If you need to push Bitcoin to the"}, {"start": "00:12:09", "end": "00:12:15", "text": "masses or to the the riches to let them"}, {"start": "00:12:13", "end": "00:12:18", "text": "understand what it is, you say, \"Okay,"}, {"start": "00:12:15", "end": "00:12:22", "text": "cool. Gold does A, B, and C. But Bitcoin"}, {"start": "00:12:18", "end": "00:12:24", "text": "does 18 other different things. Gold"}, {"start": "00:12:22", "end": "00:12:26", "text": "does not have gold babies. It does not"}, {"start": "00:12:24", "end": "00:12:28", "text": "create more gold. If you stake your"}, {"start": "00:12:26", "end": "00:12:30", "text": "Bitcoin, if you put your Bitcoin into"}, {"start": "00:12:28", "end": "00:12:32", "text": "that protocol, if you give your Bitcoin"}, {"start": "00:12:30", "end": "00:12:36", "text": "to Coinbase, if you put your Bitcoin in"}, {"start": "00:12:32", "end": "00:12:38", "text": "this DeFi you're making another 3.4%"}, {"start": "00:12:36", "end": "00:12:39", "text": "every single year for the next 120"}, {"start": "00:12:38", "end": "00:12:42", "text": "years."}, {"start": "00:12:39", "end": "00:12:45", "text": "That's the power of like"}, {"start": "00:12:42", "end": "00:12:48", "text": "Bitcoin's future role in society."}, {"start": "00:12:45", "end": "00:12:49", "text": "The analysis arrives as a recent flow"}, {"start": "00:12:48", "end": "00:12:52", "text": "data"}, {"start": "00:12:49", "end": "00:12:56", "text": "reveals divergent investor behavior"}, {"start": "00:12:52", "end": "00:12:59", "text": "between the two asset classes."}, {"start": "00:12:56", "end": "00:13:00", "text": "James Safert's analysis"}, {"start": "00:12:59", "end": "00:13:04", "text": "centers on the core investment"}, {"start": "00:13:00", "end": "00:13:06", "text": "narratives driving each asset."}, {"start": "00:13:04", "end": "00:13:09", "text": "Gold has historically"}, {"start": "00:13:06", "end": "00:13:11", "text": "served as a primary store value"}, {"start": "00:13:09", "end": "00:13:14", "text": "and a hedge against inflation."}, {"start": "00:13:11", "end": "00:13:17", "text": "Consequently its appeal rests largely on"}, {"start": "00:13:14", "end": "00:13:19", "text": "this single time-tested thesis. In"}, {"start": "00:13:17", "end": "00:13:21", "text": "contrast"}, {"start": "00:13:19", "end": "00:13:23", "text": "Bitcoin presents investors"}, {"start": "00:13:21", "end": "00:13:26", "text": "with multiple concurrent value"}, {"start": "00:13:23", "end": "00:13:29", "text": "propositions. This is one of the things"}, {"start": "00:13:26", "end": "00:13:32", "text": "why I think Wall Street actually"}, {"start": "00:13:29", "end": "00:13:35", "text": "got into cryptocurrencies."}, {"start": "00:13:32", "end": "00:13:36", "text": "They understand that the prices can go"}, {"start": "00:13:35", "end": "00:13:37", "text": "higher"}, {"start": "00:13:36", "end": "00:13:39", "text": "based off of more people in the market"}, {"start": "00:13:37", "end": "00:13:43", "text": "and based off of more so-and-so. If you"}, {"start": "00:13:39", "end": "00:13:45", "text": "weren't here when we like first"}, {"start": "00:13:43", "end": "00:13:47", "text": "really got DeFi"}, {"start": "00:13:45", "end": "00:13:50", "text": "uh I want to say 4 5 years ago. DeFi was"}, {"start": "00:13:47", "end": "00:13:53", "text": "already present in 2018, 2019."}, {"start": "00:13:50", "end": "00:13:56", "text": "But it was the actual"}, {"start": "00:13:53", "end": "00:13:58", "text": "protocols that were giving 11% on the"}, {"start": "00:13:56", "end": "00:13:59", "text": "dollar. That kind of thing that really"}, {"start": "00:13:58", "end": "00:14:02", "text": "people were like, \"Oh, that's that's a"}, {"start": "00:13:59", "end": "00:14:04", "text": "thing.\" That's when we had uh the guy"}, {"start": "00:14:02", "end": "00:14:07", "text": "from Shark Tank and all these other"}, {"start": "00:14:04", "end": "00:14:09", "text": "things going on to CNBC being like, \"I"}, {"start": "00:14:07", "end": "00:14:12", "text": "really love crypto. You know, DeFi is"}, {"start": "00:14:09", "end": "00:14:15", "text": "going to be amazing.\" It's this idea of"}, {"start": "00:14:12", "end": "00:14:17", "text": "cool, Bitcoin can go up in price."}, {"start": "00:14:15", "end": "00:14:20", "text": "That's fantastic. But what else does it"}, {"start": "00:14:17", "end": "00:14:23", "text": "do for me? If you can use it here and it"}, {"start": "00:14:20", "end": "00:14:24", "text": "makes you extra money, free money. If"}, {"start": "00:14:23", "end": "00:14:27", "text": "you put it into that protocol, it makes"}, {"start": "00:14:24", "end": "00:14:29", "text": "you even more money. And then the idea,"}, {"start": "00:14:27", "end": "00:14:31", "text": "this is why it's completely"}, {"start": "00:14:29", "end": "00:14:33", "text": "the word historic"}, {"start": "00:14:31", "end": "00:14:36", "text": "doesn't begin to describe. If you"}, {"start": "00:14:33", "end": "00:14:41", "text": "weren't here a week ago when we heard"}, {"start": "00:14:36", "end": "00:14:44", "text": "uh that in the United States you will"}, {"start": "00:14:41", "end": "00:14:48", "text": "be able to use Bitcoin for a mortgage"}, {"start": "00:14:44", "end": "00:14:50", "text": "you understand that I uh listen, I'm"}, {"start": "00:14:48", "end": "00:14:53", "text": "telling you to understand"}, {"start": "00:14:50", "end": "00:14:56", "text": "that the establishment"}, {"start": "00:14:53", "end": "00:14:57", "text": "loves Bitcoin. You don't do this for"}, {"start": "00:14:56", "end": "00:14:59", "text": "anything else. I explained to you before"}, {"start": "00:14:57", "end": "00:15:03", "text": "in that video."}, {"start": "00:14:59", "end": "00:15:05", "text": "You do not have a We we we we did not."}, {"start": "00:15:03", "end": "00:15:07", "text": "Fannie Mae and Freddie Mac"}, {"start": "00:15:05", "end": "00:15:09", "text": "did not announce, \"We are now accepting"}, {"start": "00:15:07", "end": "00:15:11", "text": "gold"}, {"start": "00:15:09", "end": "00:15:12", "text": "or silver"}, {"start": "00:15:11", "end": "00:15:15", "text": "or palladium"}, {"start": "00:15:12", "end": "00:15:17", "text": "for mortgages.\""}, {"start": "00:15:15", "end": "00:15:20", "text": "They said Bitcoin."}, {"start": "00:15:17", "end": "00:15:23", "text": "The narrative around gold's having some"}, {"start": "00:15:20", "end": "00:15:26", "text": "kind of diminishing value compared to"}, {"start": "00:15:23", "end": "00:15:28", "text": "world events and Bitcoin still holding"}, {"start": "00:15:26", "end": "00:15:30", "text": "strong and you can do this with Bitcoin."}, {"start": "00:15:28", "end": "00:15:32", "text": "Like these are all part of it. This is"}, {"start": "00:15:30", "end": "00:15:34", "text": "why we keep hearing these banks and"}, {"start": "00:15:32", "end": "00:15:36", "text": "these institutions being like \"Yeah, you"}, {"start": "00:15:34", "end": "00:15:38", "text": "know, we're we're in Bitcoin. We got to"}, {"start": "00:15:36", "end": "00:15:39", "text": "get more like you know, we're buying a"}, {"start": "00:15:38", "end": "00:15:40", "text": "whole bunch of it. We you know, we're"}, {"start": "00:15:39", "end": "00:15:41", "text": "integrated into our systems.\" This bank"}, {"start": "00:15:40", "end": "00:15:43", "text": "is doing"}, {"start": "00:15:41", "end": "00:15:45", "text": "that's why."}, {"start": "00:15:43", "end": "00:15:47", "text": "And I mean, it doesn't really take a lot"}, {"start": "00:15:45", "end": "00:15:51", "text": "for them to have to even push this"}, {"start": "00:15:47", "end": "00:15:54", "text": "narrative. These these ideas"}, {"start": "00:15:51", "end": "00:15:56", "text": "come out as a way to like kind of signal"}, {"start": "00:15:54", "end": "00:15:57", "text": "to other rich people, \"Hey, this is the"}, {"start": "00:15:56", "end": "00:15:59", "text": "current trend. This is the thing that"}, {"start": "00:15:57", "end": "00:16:01", "text": "we're looking into. This is the place to"}, {"start": "00:15:59", "end": "00:16:03", "text": "go and make money.\""}, {"start": "00:16:01", "end": "00:16:05", "text": "All"}, {"start": "00:16:03", "end": "00:16:06", "text": "other people really need is just to see"}, {"start": "00:16:05", "end": "00:16:07", "text": "the price go up."}, {"start": "00:16:06", "end": "00:16:08", "text": ">> [snorts]"}, {"start": "00:16:07", "end": "00:16:09", "text": ">> That's what I've been saying for months"}, {"start": "00:16:08", "end": "00:16:13", "text": "now."}, {"start": "00:16:09", "end": "00:16:16", "text": "Bitcoin over 100,000 establishes"}, {"start": "00:16:13", "end": "00:16:20", "text": "retail FOMO very quick. I missed out on"}, {"start": "00:16:16", "end": "00:16:23", "text": "100K. I can't miss out on the next 100K."}, {"start": "00:16:20", "end": "00:16:24", "text": "Bitcoin goes to a million"}, {"start": "00:16:23", "end": "00:16:26", "text": "is a gigantic free-for-all. Everyone's"}, {"start": "00:16:24", "end": "00:16:28", "text": "losing their minds"}, {"start": "00:16:26", "end": "00:16:29", "text": "trying to buy as much Bitcoin as humanly"}, {"start": "00:16:28", "end": "00:16:32", "text": "possible."}, {"start": "00:16:29", "end": "00:16:34", "text": "But this idea that we've been given"}, {"start": "00:16:32", "end": "00:16:36", "text": "over the last 2 years about crypto in"}, {"start": "00:16:34", "end": "00:16:39", "text": "general"}, {"start": "00:16:36", "end": "00:16:41", "text": "you can have you know, passive income"}, {"start": "00:16:39", "end": "00:16:43", "text": "from stable coins. You can use the DeFi"}, {"start": "00:16:41", "end": "00:16:45", "text": "market. You can launch a business. You"}, {"start": "00:16:43", "end": "00:16:49", "text": "can launch your own chain. You can do"}, {"start": "00:16:45", "end": "00:16:51", "text": "crypto does 18 other things"}, {"start": "00:16:49", "end": "00:16:53", "text": "that the old system doesn't."}, {"start": "00:16:51", "end": "00:16:56", "text": "And this is where all the hype and"}, {"start": "00:16:53", "end": "00:16:57", "text": "popularity uh is stemming from for very"}, {"start": "00:16:56", "end": "00:16:59", "text": "rich people."}, {"start": "00:16:57", "end": "00:17:03", "text": "Market participants"}, {"start": "00:16:59", "end": "00:17:05", "text": "view it not only as digital gold but"}, {"start": "00:17:03", "end": "00:17:09", "text": "also as a technological growth asset and"}, {"start": "00:17:05", "end": "00:17:12", "text": "a potent portfolio diversifier."}, {"start": "00:17:09", "end": "00:17:16", "text": "Uh supporting the analysis' long-term"}, {"start": "00:17:12", "end": "00:17:19", "text": "view, recent fund data flow data paints"}, {"start": "00:17:16", "end": "00:17:21", "text": "a telling picture. In March 2025,"}, {"start": "00:17:19", "end": "00:17:23", "text": "US-listed gold ETFs"}, {"start": "00:17:21", "end": "00:17:26", "text": "experienced substantial net outflows."}, {"start": "00:17:23", "end": "00:17:27", "text": "Investors withdrew $3 billion"}, {"start": "00:17:26", "end": "00:17:30", "text": "from these products. The movement"}, {"start": "00:17:27", "end": "00:17:33", "text": "indicates a potential rotation or"}, {"start": "00:17:30", "end": "00:17:35", "text": "reevaluation of gold's near-term"}, {"start": "00:17:33", "end": "00:17:36", "text": "attractiveness. And then it talks about"}, {"start": "00:17:35", "end": "00:17:37", "text": "how much money went into Bitcoin ETFs."}, {"start": "00:17:36", "end": "00:17:39", "text": "Like"}, {"start": "00:17:37", "end": "00:17:41", "text": "this is what I think the next narrative"}, {"start": "00:17:39", "end": "00:17:42", "text": "is. Remember I told you before in"}, {"start": "00:17:41", "end": "00:17:44", "text": "another video, I was like"}, {"start": "00:17:42", "end": "00:17:47", "text": "\"You can keep screaming digital gold as"}, {"start": "00:17:44", "end": "00:17:49", "text": "much as you want. But people rely on"}, {"start": "00:17:47", "end": "00:17:51", "text": "numbers and if people can see I mean,"}, {"start": "00:17:49", "end": "00:17:57", "text": "numbers in both ways."}, {"start": "00:17:51", "end": "00:17:58", "text": "If gold did bad and Bitcoin do good and"}, {"start": "00:17:57", "end": "00:18:00", "text": "you see that Bitcoin in your portfolio"}, {"start": "00:17:58", "end": "00:18:03", "text": "went up and you see that the banks are"}, {"start": "00:18:00", "end": "00:18:04", "text": "talking about how their portfolios went"}, {"start": "00:18:03", "end": "00:18:06", "text": "up from all the Bitcoin that they have"}, {"start": "00:18:04", "end": "00:18:08", "text": "and the Bitcoin that they're staking and"}, {"start": "00:18:06", "end": "00:18:10", "text": "the Bitcoin that they're using and the"}, {"start": "00:18:08", "end": "00:18:12", "text": "Bitcoin that they're putting in DeFi"}, {"start": "00:18:10", "end": "00:18:16", "text": "I told you a big driver is going to be"}, {"start": "00:18:12", "end": "00:18:18", "text": "the idea of passive income."}, {"start": "00:18:16", "end": "00:18:19", "text": "Everyone screams that they love passive"}, {"start": "00:18:18", "end": "00:18:22", "text": "income"}, {"start": "00:18:19", "end": "00:18:23", "text": "until they actually understand the"}, {"start": "00:18:22", "end": "00:18:27", "text": "simplifi- how they're working on the"}, {"start": "00:18:23", "end": "00:18:31", "text": "simplification of it for crypto."}, {"start": "00:18:27", "end": "00:18:34", "text": "When you are able to hold an asset"}, {"start": "00:18:31", "end": "00:18:36", "text": "and you do nothing"}, {"start": "00:18:34", "end": "00:18:38", "text": "except for click a button and you wake"}, {"start": "00:18:36", "end": "00:18:42", "text": "up every morning and you see that you"}, {"start": "00:18:38", "end": "00:18:45", "text": "have an extra $150 from doing nothing"}, {"start": "00:18:42", "end": "00:18:47", "text": "that is extremely powerful."}, {"start": "00:18:45", "end": "00:18:49", "text": "Especially in a world"}, {"start": "00:18:47", "end": "00:18:51", "text": "where people are losing their jobs,"}, {"start": "00:18:49", "end": "00:18:53", "text": "where they can't afford rent, where they"}, {"start": "00:18:51", "end": "00:18:56", "text": "can't do all these things. But the way"}, {"start": "00:18:53", "end": "00:18:58", "text": "that it works out is in reality is it's"}, {"start": "00:18:56", "end": "00:19:01", "text": "the people who get into the market"}, {"start": "00:18:58", "end": "00:19:03", "text": "first. You get into the market before"}, {"start": "00:19:01", "end": "00:19:05", "text": "the prices rise."}, {"start": "00:19:03", "end": "00:19:08", "text": "That's how it works. That's how making"}, {"start": "00:19:05", "end": "00:19:09", "text": "money. So, by the time this is a"}, {"start": "00:19:08", "end": "00:19:12", "text": "prediction"}, {"start": "00:19:09", "end": "00:19:15", "text": "by the time we get to a half a"}, {"start": "00:19:12", "end": "00:19:17", "text": "million-dollar Bitcoin to a million."}, {"start": "00:19:15", "end": "00:19:19", "text": "That's a very strong half a million"}, {"start": "00:19:17", "end": "00:19:21", "text": "dollars for a Bitcoin is crazy. When you"}, {"start": "00:19:19", "end": "00:19:23", "text": "get to a million dollars between those"}, {"start": "00:19:21", "end": "00:19:27", "text": "two numbers"}, {"start": "00:19:23", "end": "00:19:29", "text": "we are going to see companies go on TV"}, {"start": "00:19:27", "end": "00:19:34", "text": "and announce, \"Yeah, we've been buying"}, {"start": "00:19:29", "end": "00:19:38", "text": "Bitcoin since 2019, 2018, 2021."}, {"start": "00:19:34", "end": "00:19:41", "text": "Passively from DeFi and from Babylon"}, {"start": "00:19:38", "end": "00:19:46", "text": "tokens and from this other protocol our"}, {"start": "00:19:41", "end": "00:19:48", "text": "company is making $1.9 million per day.\""}, {"start": "00:19:46", "end": "00:19:51", "text": "That's going to cause a domino effect of"}, {"start": "00:19:48", "end": "00:19:53", "text": "other investors to rush further into"}, {"start": "00:19:51", "end": "00:19:57", "text": "Bitcoin and say, \"How did we not see it"}, {"start": "00:19:53", "end": "00:19:58", "text": "before? How did we not understand"}, {"start": "00:19:57", "end": "00:19:59", "text": "all the passive income that could be"}, {"start": "00:19:58", "end": "00:20:02", "text": "made?"}, {"start": "00:19:59", "end": "00:20:04", "text": "The trickle-down then falls down to us"}, {"start": "00:20:02", "end": "00:20:07", "text": "to other investors who already are in"}, {"start": "00:20:04", "end": "00:20:08", "text": "the crypto space and then further down"}, {"start": "00:20:07", "end": "00:20:11", "text": "to people who are not in crypto. The"}, {"start": "00:20:08", "end": "00:20:12", "text": "people who are working"}, {"start": "00:20:11", "end": "00:20:14", "text": "80 hours per week, they're going to sit"}, {"start": "00:20:12", "end": "00:20:16", "text": "there and they're going to go, \"I wish I"}, {"start": "00:20:14", "end": "00:20:18", "text": "had gotten into this.\" They start buying"}, {"start": "00:20:16", "end": "00:20:20", "text": "and this pushes up prices further. It's"}, {"start": "00:20:18", "end": "00:20:22", "text": "literally like a backwards domino"}, {"start": "00:20:20", "end": "00:20:23", "text": "effect."}, {"start": "00:20:22", "end": "00:20:26", "text": "I'm just telling you what's going to"}, {"start": "00:20:23", "end": "00:20:27", "text": "happen because it's very clear"}, {"start": "00:20:26", "end": "00:20:30", "text": "uh"}, {"start": "00:20:27", "end": "00:20:33", "text": "where all of this is going. This was"}, {"start": "00:20:30", "end": "00:20:36", "text": "very popular news. We are seeing more"}, {"start": "00:20:33", "end": "00:20:38", "text": "and more Bitcoin being absorbed, all"}, {"start": "00:20:36", "end": "00:20:40", "text": "crypto, but you know, we tend to focus"}, {"start": "00:20:38", "end": "00:20:42", "text": "on Bitcoin cuz that's what the news ends"}, {"start": "00:20:40", "end": "00:20:44", "text": "up being about"}, {"start": "00:20:42", "end": "00:20:47", "text": "uh being absorbed by companies and"}, {"start": "00:20:44", "end": "00:20:49", "text": "institutions who are adamant"}, {"start": "00:20:47", "end": "00:20:51", "text": "that this is the future, that the prices"}, {"start": "00:20:49", "end": "00:20:52", "text": "are going to go higher."}, {"start": "00:20:51", "end": "00:20:56", "text": "We had"}, {"start": "00:20:52", "end": "00:21:00", "text": "the last 8 days, if you weren't here, we"}, {"start": "00:20:56", "end": "00:21:03", "text": "had news from JP Morgan, from Franklin"}, {"start": "00:21:00", "end": "00:21:05", "text": "Templeton, from BlackRock,"}, {"start": "00:21:03", "end": "00:21:08", "text": "and like three other companies who all"}, {"start": "00:21:05", "end": "00:21:12", "text": "were like, \"Yeah, in 2026"}, {"start": "00:21:08", "end": "00:21:15", "text": "Bitcoin's going to 150, 180.\" One of"}, {"start": "00:21:12", "end": "00:21:19", "text": "them said 250 and some companies said"}, {"start": "00:21:15", "end": "00:21:20", "text": "280,000 as well. Like they're gearing up"}, {"start": "00:21:19", "end": "00:21:21", "text": "for this."}, {"start": "00:21:20", "end": "00:21:22", "text": "So,"}, {"start": "00:21:21", "end": "00:21:24", "text": "yeah,"}, {"start": "00:21:22", "end": "00:21:26", "text": "um and that's before we get into the"}, {"start": "00:21:24", "end": "00:21:28", "text": "idea of like tokenization and real"}, {"start": "00:21:26", "end": "00:21:30", "text": "estate and all this other stuff."}, {"start": "00:21:28", "end": "00:21:33", "text": "That's also going to be on top of"}, {"start": "00:21:30", "end": "00:21:35", "text": "Bitcoin and lightning and other future"}, {"start": "00:21:33", "end": "00:21:39", "text": "layers as well, so"}, {"start": "00:21:35", "end": "00:21:43", "text": "oh boy, that's the"}, {"start": "00:21:39", "end": "00:21:45", "text": "Bitcoin will eventually, if we continue"}, {"start": "00:21:43", "end": "00:21:46", "text": "with the same"}, {"start": "00:21:45", "end": "00:21:49", "text": "uh"}, {"start": "00:21:46", "end": "00:21:51", "text": "market dynamics, it will eventually"}, {"start": "00:21:49", "end": "00:21:53", "text": "surpass gold ETFs."}, {"start": "00:21:51", "end": "00:21:57", "text": "And that's going to be a very difficult"}, {"start": "00:21:53", "end": "00:21:59", "text": "day for a lot of investors news."}, {"start": "00:21:57", "end": "00:22:02", "text": "And yeah,"}, {"start": "00:21:59", "end": "00:22:02", "text": "let's move on."}, {"start": "00:22:04", "end": "00:22:10", "text": "Also in this was actually far more"}, {"start": "00:22:07", "end": "00:22:11", "text": "popular than I could have ever imagined"}, {"start": "00:22:10", "end": "00:22:13", "text": "for"}, {"start": "00:22:11", "end": "00:22:15", "text": "uh some reason."}, {"start": "00:22:13", "end": "00:22:17", "text": "Um"}, {"start": "00:22:15", "end": "00:22:20", "text": "there's a thing and it has been for a"}, {"start": "00:22:17", "end": "00:22:24", "text": "while to get more"}, {"start": "00:22:20", "end": "00:22:27", "text": "Bitcoin mining within the United States."}, {"start": "00:22:24", "end": "00:22:31", "text": "This comes from a fear around 2017 when"}, {"start": "00:22:27", "end": "00:22:33", "text": "the world realized that 60%"}, {"start": "00:22:31", "end": "00:22:35", "text": "of Bitcoin mining was happening within"}, {"start": "00:22:33", "end": "00:22:36", "text": "China."}, {"start": "00:22:35", "end": "00:22:38", "text": "That was after people kept on telling us"}, {"start": "00:22:36", "end": "00:22:40", "text": "that"}, {"start": "00:22:38", "end": "00:22:42", "text": "uh China had banned Bitcoin, which was a"}, {"start": "00:22:40", "end": "00:22:43", "text": "complete lie, which I was screaming out"}, {"start": "00:22:42", "end": "00:22:46", "text": "for years, and then people found out in"}, {"start": "00:22:43", "end": "00:22:49", "text": "2023 and were like,"}, {"start": "00:22:46", "end": "00:22:51", "text": "\"Who what?\" Yeah, China has not and has"}, {"start": "00:22:49", "end": "00:22:53", "text": "never banned Bitcoin. You just can't use"}, {"start": "00:22:51", "end": "00:22:56", "text": "it as a currency and you can't do high"}, {"start": "00:22:53", "end": "00:22:58", "text": "frequency trading."}, {"start": "00:22:56", "end": "00:23:00", "text": "So, the secondary part has been"}, {"start": "00:22:58", "end": "00:23:03", "text": "trying to get more people to mine"}, {"start": "00:23:00", "end": "00:23:06", "text": "Bitcoin within the United States."}, {"start": "00:23:03", "end": "00:23:08", "text": "The issue there is is that we saw that a"}, {"start": "00:23:06", "end": "00:23:12", "text": "lot of the Bitcoin mining companies had"}, {"start": "00:23:08", "end": "00:23:13", "text": "actually moved to Texas and to other"}, {"start": "00:23:12", "end": "00:23:14", "text": "state. I think it was I want to say"}, {"start": "00:23:13", "end": "00:23:16", "text": "Alaska."}, {"start": "00:23:14", "end": "00:23:18", "text": "But more of them moved to Texas, I think"}, {"start": "00:23:16", "end": "00:23:21", "text": "for solar powers. That's okay."}, {"start": "00:23:18", "end": "00:23:23", "text": "Then we had a There was like a"}, {"start": "00:23:21", "end": "00:23:26", "text": "snowstorm, if you didn't see it, two or"}, {"start": "00:23:23", "end": "00:23:28", "text": "three years ago in Texas, and Texas has"}, {"start": "00:23:26", "end": "00:23:31", "text": "their own power grid compared to other"}, {"start": "00:23:28", "end": "00:23:33", "text": "states, and the power grid kind of fell"}, {"start": "00:23:31", "end": "00:23:35", "text": "apart during the snowstorm because it's"}, {"start": "00:23:33", "end": "00:23:38", "text": "Texas. They're not used to snow, and"}, {"start": "00:23:35", "end": "00:23:42", "text": "that actually I think we lost"}, {"start": "00:23:38", "end": "00:23:45", "text": "about 30 or 40% of the power and energy"}, {"start": "00:23:42", "end": "00:23:47", "text": "for Bitcoin mining in Texas, which is"}, {"start": "00:23:45", "end": "00:23:49", "text": "where the majority of it is actually"}, {"start": "00:23:47", "end": "00:23:51", "text": "taking place, which then caused people"}, {"start": "00:23:49", "end": "00:23:54", "text": "to be like, \"Oh no, the network is kind"}, {"start": "00:23:51", "end": "00:23:58", "text": "of fragile right now.\" So,"}, {"start": "00:23:54", "end": "00:24:01", "text": "Bitcoin mining needs"}, {"start": "00:23:58", "end": "00:24:04", "text": "to be all around the world and not"}, {"start": "00:24:01", "end": "00:24:07", "text": "just mainly within two countries,"}, {"start": "00:24:04", "end": "00:24:09", "text": "the United States and China."}, {"start": "00:24:07", "end": "00:24:10", "text": "It needs to be and I mean we will never"}, {"start": "00:24:09", "end": "00:24:13", "text": "get there,"}, {"start": "00:24:10", "end": "00:24:16", "text": "but it needs to be almost equally across"}, {"start": "00:24:13", "end": "00:24:20", "text": "around 190 nations. That's how you"}, {"start": "00:24:16", "end": "00:24:22", "text": "really secure and make sure that Bitcoin"}, {"start": "00:24:20", "end": "00:24:24", "text": "uh is the network is stable and you"}, {"start": "00:24:22", "end": "00:24:25", "text": "know, what have you."}, {"start": "00:24:24", "end": "00:24:28", "text": "However,"}, {"start": "00:24:25", "end": "00:24:30", "text": "this made very popular news. I don't"}, {"start": "00:24:28", "end": "00:24:32", "text": "know what it's supposed to do, but it's"}, {"start": "00:24:30", "end": "00:24:36", "text": "like, \"Okay.\""}, {"start": "00:24:32", "end": "00:24:38", "text": "Two US Republican senators"}, {"start": "00:24:36", "end": "00:24:41", "text": "have introduced the"}, {"start": "00:24:38", "end": "00:24:43", "text": "Mine in America Act"}, {"start": "00:24:41", "end": "00:24:46", "text": "in an attempt to bring more Bitcoin"}, {"start": "00:24:43", "end": "00:24:49", "text": "mining manufacturing back to the United"}, {"start": "00:24:46", "end": "00:24:52", "text": "States and codify Trump's executive"}, {"start": "00:24:49", "end": "00:24:54", "text": "order to establish a strategic Bitcoin"}, {"start": "00:24:52", "end": "00:24:56", "text": "reserve. People mining stuff in America"}, {"start": "00:24:54", "end": "00:25:00", "text": "should have nothing to do with the"}, {"start": "00:24:56", "end": "00:25:03", "text": "United States buying Bitcoin, but okay."}, {"start": "00:25:00", "end": "00:25:05", "text": "US Senator Bill Cassidy said,"}, {"start": "00:25:03", "end": "00:25:08", "text": "\"Digital asset mining is a big part of"}, {"start": "00:25:05", "end": "00:25:10", "text": "our economy. We should be doing it here"}, {"start": "00:25:08", "end": "00:25:13", "text": "in America."}, {"start": "00:25:10", "end": "00:25:16", "text": "Proud to introduce the Mine in America"}, {"start": "00:25:13", "end": "00:25:19", "text": "Act with Senator Lummis, which secures"}, {"start": "00:25:16", "end": "00:25:22", "text": "supply chains, backs US manufacturing,"}, {"start": "00:25:19", "end": "00:25:24", "text": "and supports this key industry.\""}, {"start": "00:25:22", "end": "00:25:27", "text": "As far as I can tell,"}, {"start": "00:25:24", "end": "00:25:28", "text": "mining in America is is pretty safe as"}, {"start": "00:25:27", "end": "00:25:30", "text": "far as like"}, {"start": "00:25:28", "end": "00:25:32", "text": "we haven't gotten news because it would"}, {"start": "00:25:30", "end": "00:25:34", "text": "have been news"}, {"start": "00:25:32", "end": "00:25:37", "text": "about companies leaving the states to"}, {"start": "00:25:34", "end": "00:25:38", "text": "like go mine in"}, {"start": "00:25:37", "end": "00:25:41", "text": "in Canada."}, {"start": "00:25:38", "end": "00:25:43", "text": "Or like mining more in Mexico. Like I I"}, {"start": "00:25:41", "end": "00:25:47", "text": "think the American system of Bitcoin"}, {"start": "00:25:43", "end": "00:25:50", "text": "mining is is quite secure. Uh this,"}, {"start": "00:25:47", "end": "00:25:51", "text": "however, in a shocking"}, {"start": "00:25:50", "end": "00:25:54", "text": "something"}, {"start": "00:25:51", "end": "00:25:57", "text": "was one of the most popular news stories"}, {"start": "00:25:54", "end": "00:25:57", "text": "of the day."}, {"start": "00:25:57", "end": "00:26:01", "text": "A A And I mean like"}, {"start": "00:25:59", "end": "00:26:04", "text": "not slightly."}, {"start": "00:26:01", "end": "00:26:07", "text": "This was incredibly popular. Uh it says,"}, {"start": "00:26:04", "end": "00:26:09", "text": "\"Right now the US controls about 38% of"}, {"start": "00:26:07", "end": "00:26:13", "text": "global Bitcoin mining. That's a red"}, {"start": "00:26:09", "end": "00:26:14", "text": "flag. No country should have 38% of"}, {"start": "00:26:13", "end": "00:26:17", "text": "anything,"}, {"start": "00:26:14", "end": "00:26:21", "text": "especially not a network that we're"}, {"start": "00:26:17", "end": "00:26:22", "text": "trying to make sure lasts for another"}, {"start": "00:26:21", "end": "00:26:24", "text": "115"}, {"start": "00:26:22", "end": "00:26:26", "text": "years.\""}, {"start": "00:26:24", "end": "00:26:29", "text": "There are, as far as I can tell, no"}, {"start": "00:26:26", "end": "00:26:31", "text": "initiatives from anywhere, not even just"}, {"start": "00:26:29", "end": "00:26:34", "text": "the states, from anywhere trying to make"}, {"start": "00:26:31", "end": "00:26:39", "text": "sure that other countries are also"}, {"start": "00:26:34", "end": "00:26:42", "text": "mining Bitcoin as well cuz that would"}, {"start": "00:26:39", "end": "00:26:44", "text": "actually make sure like you want Bitcoin"}, {"start": "00:26:42", "end": "00:26:45", "text": "to be secure and like really stay around"}, {"start": "00:26:44", "end": "00:26:48", "text": "for a while."}, {"start": "00:26:45", "end": "00:26:51", "text": "If you have 190 countries,"}, {"start": "00:26:48", "end": "00:26:52", "text": "each of them should have roughly around"}, {"start": "00:26:51", "end": "00:26:55", "text": "half of a percent,"}, {"start": "00:26:52", "end": "00:26:57", "text": "not 38%."}, {"start": "00:26:55", "end": "00:27:00", "text": "Because what happens if"}, {"start": "00:26:57", "end": "00:27:02", "text": "there is another gigantic snowstorm?"}, {"start": "00:27:00", "end": "00:27:06", "text": "What happens if If you haven't seen a"}, {"start": "00:27:02", "end": "00:27:09", "text": "documentary, this is going to uh cause"}, {"start": "00:27:06", "end": "00:27:11", "text": "you to have some questions."}, {"start": "00:27:09", "end": "00:27:14", "text": "Watch a documentary on United States"}, {"start": "00:27:11", "end": "00:27:14", "text": "infrastructure."}, {"start": "00:27:15", "end": "00:27:18", "text": "A lot of the infrastructure in the"}, {"start": "00:27:16", "end": "00:27:21", "text": "states"}, {"start": "00:27:18", "end": "00:27:23", "text": "is like from the 1940s."}, {"start": "00:27:21", "end": "00:27:28", "text": "That's not a joke."}, {"start": "00:27:23", "end": "00:27:32", "text": "That is not a joke. A lot of the bridges"}, {"start": "00:27:28", "end": "00:27:35", "text": "have not been fixed or patched or made"}, {"start": "00:27:32", "end": "00:27:37", "text": "better since around the 1960s. Watch a"}, {"start": "00:27:35", "end": "00:27:41", "text": "documentary on US infrastructure. Your"}, {"start": "00:27:37", "end": "00:27:41", "text": "jaw is going to drop."}, {"start": "00:27:42", "end": "00:27:45", "text": "So,"}, {"start": "00:27:43", "end": "00:27:47", "text": "if things are already looking bad now"}, {"start": "00:27:45", "end": "00:27:49", "text": "and trillions of dollars are not going"}, {"start": "00:27:47", "end": "00:27:52", "text": "to help the infrastructure,"}, {"start": "00:27:49", "end": "00:27:55", "text": "if you get to 45% of all Bitcoin mining"}, {"start": "00:27:52", "end": "00:27:58", "text": "and something happens,"}, {"start": "00:27:55", "end": "00:27:59", "text": "45% of the network is is is gone. It's"}, {"start": "00:27:58", "end": "00:28:01", "text": "vulnerable again."}, {"start": "00:27:59", "end": "00:28:03", "text": "So, we know that Bitcoin mining does"}, {"start": "00:28:01", "end": "00:28:04", "text": "take place in other places around the"}, {"start": "00:28:03", "end": "00:28:06", "text": "world, but if you look at like an actual"}, {"start": "00:28:04", "end": "00:28:07", "text": "map, there are people who made like"}, {"start": "00:28:06", "end": "00:28:10", "text": "little pretty maps"}, {"start": "00:28:07", "end": "00:28:13", "text": "of where all the mining is taking place."}, {"start": "00:28:10", "end": "00:28:15", "text": "Uh it's mainly the US, China."}, {"start": "00:28:13", "end": "00:28:18", "text": "Europe has like some little dots of"}, {"start": "00:28:15", "end": "00:28:20", "text": "light, and uh oh gosh, there's like one"}, {"start": "00:28:18", "end": "00:28:22", "text": "other place that like has like an oak I"}, {"start": "00:28:20", "end": "00:28:25", "text": "mean like 4%"}, {"start": "00:28:22", "end": "00:28:26", "text": "of the actual mining power, so"}, {"start": "00:28:25", "end": "00:28:28", "text": "this was"}, {"start": "00:28:26", "end": "00:28:31", "text": "very popular,"}, {"start": "00:28:28", "end": "00:28:35", "text": "and I don't know if it's"}, {"start": "00:28:31", "end": "00:28:36", "text": "as a rallying cry"}, {"start": "00:28:35", "end": "00:28:40", "text": "around"}, {"start": "00:28:36", "end": "00:28:44", "text": "the idea of"}, {"start": "00:28:40", "end": "00:28:47", "text": "that Bitcoin mining could then"}, {"start": "00:28:44", "end": "00:28:50", "text": "be put into a Bitcoin reserve. Maybe"}, {"start": "00:28:47", "end": "00:28:53", "text": "that was the"}, {"start": "00:28:50", "end": "00:28:54", "text": "I I I I truly don't know, but this was"}, {"start": "00:28:53", "end": "00:28:56", "text": "far more popular than I was expecting. I"}, {"start": "00:28:54", "end": "00:28:57", "text": "was I was clicking around and I was"}, {"start": "00:28:56", "end": "00:29:00", "text": "like, \"Oh my gosh, like"}, {"start": "00:28:57", "end": "00:29:03", "text": "this is kind of everywhere, so"}, {"start": "00:29:00", "end": "00:29:05", "text": "yeah, cool. I I guess"}, {"start": "00:29:03", "end": "00:29:07", "text": "I don't I don't I honestly don't know,"}, {"start": "00:29:05", "end": "00:29:10", "text": "but this was very popular news, so sure,"}, {"start": "00:29:07", "end": "00:29:13", "text": "why not? This will get done,"}, {"start": "00:29:10", "end": "00:29:15", "text": "I guess, {question mark}."}, {"start": "00:29:13", "end": "00:29:19", "text": "Okay-dokey."}, {"start": "00:29:15", "end": "00:29:21", "text": "I do hope that you've all enjoyed."}, {"start": "00:29:19", "end": "00:29:24", "text": "I hope that you're all having a great"}, {"start": "00:29:21", "end": "00:29:26", "text": "day. Don't forget to buy assets today"}, {"start": "00:29:24", "end": "00:29:29", "text": "and every single day. I will continue"}, {"start": "00:29:26", "end": "00:29:30", "text": "reminding you like that very annoying uh"}, {"start": "00:29:29", "end": "00:29:33", "text": "parent"}, {"start": "00:29:30", "end": "00:29:35", "text": "because there's no reason"}, {"start": "00:29:33", "end": "00:29:37", "text": "why all of Listen,"}, {"start": "00:29:35", "end": "00:29:38", "text": "if the crypto market, as these people"}, {"start": "00:29:37", "end": "00:29:41", "text": "keep saying,"}, {"start": "00:29:38", "end": "00:29:45", "text": "does a 3x, a 4x, an 8x, if we get to a"}, {"start": "00:29:41", "end": "00:29:47", "text": "$22,000 ether, there is no reason why"}, {"start": "00:29:45", "end": "00:29:48", "text": "all of you shouldn't be benefiting from"}, {"start": "00:29:47", "end": "00:29:50", "text": "it as well."}, {"start": "00:29:48", "end": "00:29:51", "text": "No reason why you shouldn't be making"}, {"start": "00:29:50", "end": "00:29:53", "text": "money."}, {"start": "00:29:51", "end": "00:29:55", "text": "Thank you all once again for watching,"}, {"start": "00:29:53", "end": "00:29:57", "text": "listening, liking, commenting, and"}, {"start": "00:29:55", "end": "00:30:00", "text": "supporting, and I will"}, {"start": "00:29:57", "end": "00:30:02", "text": "most certainly be talking"}, {"start": "00:30:00", "end": "00:30:05", "text": "to you all soon."}, {"start": "00:30:02", "end": "00:30:05", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:10", "text": "Welcome back for another video. Hope"}, {"start": "00:00:09", "end": "00:00:14", "text": "you're all doing well. Hope that"}, {"start": "00:00:10", "end": "00:00:16", "text": "everyone out there is doing absolutely"}, {"start": "00:00:14", "end": "00:00:19", "text": "fantastic"}, {"start": "00:00:16", "end": "00:00:25", "text": "and that you're all having a wonderful"}, {"start": "00:00:19", "end": "00:00:28", "text": "day even with the uh non non-stop news"}, {"start": "00:00:25", "end": "00:00:30", "text": "that we keep getting seemingly every"}, {"start": "00:00:28", "end": "00:00:33", "text": "couple of hours, especially within"}, {"start": "00:00:30", "end": "00:00:35", "text": "crypto as well. Crypto is uh crypto is"}, {"start": "00:00:33", "end": "00:00:40", "text": "keeping up. Crypto has a lot of pretty"}, {"start": "00:00:35", "end": "00:00:43", "text": "intense news as of late. Uh but and I"}, {"start": "00:00:40", "end": "00:00:44", "text": "and I do say the word but uh it would"}, {"start": "00:00:43", "end": "00:00:47", "text": "appear"}, {"start": "00:00:44", "end": "00:00:51", "text": "that a lot of it is actually uh even"}, {"start": "00:00:47", "end": "00:00:53", "text": "more optimistic than before."}, {"start": "00:00:51", "end": "00:00:55", "text": "Uh don't forget to follow me on social"}, {"start": "00:00:53", "end": "00:00:58", "text": "media. There are links in the"}, {"start": "00:00:55", "end": "00:01:00", "text": "description below. Don't forget to leave"}, {"start": "00:00:58", "end": "00:01:01", "text": "a leave a comment. Leave leave a little"}, {"start": "00:01:00", "end": "00:01:03", "text": "comment. Tell me what you're investing"}, {"start": "00:01:01", "end": "00:01:07", "text": "in, what you're buying, what you would"}, {"start": "00:01:03", "end": "00:01:10", "text": "like to invest in. Uh what are your"}, {"start": "00:01:07", "end": "00:01:12", "text": "goals for the cryptocurrency market, for"}, {"start": "00:01:10", "end": "00:01:16", "text": "the investment space? How much money do"}, {"start": "00:01:12", "end": "00:01:19", "text": "you want to uh walk away with from this"}, {"start": "00:01:16", "end": "00:01:21", "text": "market? These are all very important"}, {"start": "00:01:19", "end": "00:01:25", "text": "questions."}, {"start": "00:01:21", "end": "00:01:30", "text": "Yeah, without any further ado,"}, {"start": "00:01:25", "end": "00:01:33", "text": "let's jump right into it."}, {"start": "00:01:30", "end": "00:01:36", "text": "Boys and girls, we are"}, {"start": "00:01:33", "end": "00:01:39", "text": "something something amazing must be on"}, {"start": "00:01:36", "end": "00:01:41", "text": "its way. That's the only way that I can"}, {"start": "00:01:39", "end": "00:01:43", "text": "even remotely think about beginning to"}, {"start": "00:01:41", "end": "00:01:45", "text": "describe"}, {"start": "00:01:43", "end": "00:01:47", "text": "uh what's been happening every single"}, {"start": "00:01:45", "end": "00:01:49", "text": "day. If you've missed any couple of"}, {"start": "00:01:47", "end": "00:01:53", "text": "videos,"}, {"start": "00:01:49", "end": "00:01:55", "text": "uh the the long and short of it has to"}, {"start": "00:01:53", "end": "00:01:58", "text": "do with"}, {"start": "00:01:55", "end": "00:02:02", "text": "no matter what's in the news, and I mean"}, {"start": "00:01:58", "end": "00:02:05", "text": "like your local TV news, world news,"}, {"start": "00:02:02", "end": "00:02:09", "text": "doesn't matter. the cryptocurrency"}, {"start": "00:02:05", "end": "00:02:12", "text": "space, analysts within this market,"}, {"start": "00:02:09", "end": "00:02:15", "text": "banks, companies. The only news that"}, {"start": "00:02:12", "end": "00:02:19", "text": "we've been getting or at least the bulk"}, {"start": "00:02:15", "end": "00:02:22", "text": "of it has revolved around"}, {"start": "00:02:19", "end": "00:02:26", "text": "uh where cryptocurrency prices are going"}, {"start": "00:02:22", "end": "00:02:29", "text": "to go either in the very near future or"}, {"start": "00:02:26", "end": "00:02:34", "text": "like eight and a half months away."}, {"start": "00:02:29", "end": "00:02:38", "text": "We we seem to be trapped in a 2026 kind"}, {"start": "00:02:34", "end": "00:02:40", "text": "of uh cycle where a lot of the news that"}, {"start": "00:02:38", "end": "00:02:42", "text": "we're getting about these like masterful"}, {"start": "00:02:40", "end": "00:02:46", "text": "numbers are kind of appearing uh very"}, {"start": "00:02:42", "end": "00:02:49", "text": "very soon. We had the recent 150 for"}, {"start": "00:02:46", "end": "00:02:51", "text": "Bitcoin. JP Morgan said 250. We had uh"}, {"start": "00:02:49", "end": "00:02:54", "text": "Franklin Templeton,"}, {"start": "00:02:51", "end": "00:02:59", "text": "this was this was recently who said that"}, {"start": "00:02:54", "end": "00:02:59", "text": "they're expecting mega ultra"}, {"start": "00:03:00", "end": "00:03:05", "text": "what I could not find the word in my"}, {"start": "00:03:02", "end": "00:03:08", "text": "head. Brand new all-time highs. There we"}, {"start": "00:03:05", "end": "00:03:12", "text": "go. Uh for Bitcoin sometime this year."}, {"start": "00:03:08", "end": "00:03:15", "text": "Everyone is stating new all-time highs"}, {"start": "00:03:12", "end": "00:03:18", "text": "are around the corner. Which corner? I"}, {"start": "00:03:15", "end": "00:03:22", "text": "don't know. But they're they're very"}, {"start": "00:03:18", "end": "00:03:24", "text": "very close. So,"}, {"start": "00:03:22", "end": "00:03:27", "text": "in insanely"}, {"start": "00:03:24", "end": "00:03:31", "text": "popular news, I got another one for you."}, {"start": "00:03:27", "end": "00:03:34", "text": "This one ups the ante because, you know,"}, {"start": "00:03:31", "end": "00:03:38", "text": "you got to just keep saying crazier and"}, {"start": "00:03:34", "end": "00:03:42", "text": "crazier numbers, right? The thus far"}, {"start": "00:03:38", "end": "00:03:45", "text": "this year crazy number that we heard has"}, {"start": "00:03:42", "end": "00:03:46", "text": "been from what's this guy's name? Oh"}, {"start": "00:03:45", "end": "00:03:49", "text": "gosh."}, {"start": "00:03:46", "end": "00:03:53", "text": "Uh Benjamin Moore,"}, {"start": "00:03:49", "end": "00:03:57", "text": "Walgreens, what's the name? Tom Lee. Tom"}, {"start": "00:03:53", "end": "00:04:02", "text": "Lee said um he's expecting"}, {"start": "00:03:57", "end": "00:04:05", "text": "Bitcoin Ethereum is going to $8,000"}, {"start": "00:04:02", "end": "00:04:09", "text": "by like summertime."}, {"start": "00:04:05", "end": "00:04:12", "text": "Uh-huh. So as as as the the time goes"}, {"start": "00:04:09", "end": "00:04:14", "text": "forward and the candle whittleles down."}, {"start": "00:04:12", "end": "00:04:16", "text": "Yeah, that sounds correct. uh you know"}, {"start": "00:04:14", "end": "00:04:18", "text": "it's left to be seen what's going to"}, {"start": "00:04:16", "end": "00:04:20", "text": "happen but everyone seems to be remotely"}, {"start": "00:04:18", "end": "00:04:22", "text": "convinced that institutions and banks"}, {"start": "00:04:20", "end": "00:04:26", "text": "and tokenization are going to get us"}, {"start": "00:04:22", "end": "00:04:29", "text": "there. Tom Lee also said by the end of"}, {"start": "00:04:26", "end": "00:04:33", "text": "this year"}, {"start": "00:04:29", "end": "00:04:37", "text": "he's expecting a $22,000 ether."}, {"start": "00:04:33", "end": "00:04:39", "text": "So, not to be left behind is the company"}, {"start": "00:04:37", "end": "00:04:42", "text": "Standard Chartered."}, {"start": "00:04:39", "end": "00:04:46", "text": "Standard Chartered's global head of"}, {"start": "00:04:42", "end": "00:04:48", "text": "digital asset research, his name is"}, {"start": "00:04:46", "end": "00:04:54", "text": "Jeffrey Kendrick,"}, {"start": "00:04:48", "end": "00:04:58", "text": "said that Ethereum could"}, {"start": "00:04:54", "end": "00:05:02", "text": "climb to $40,000"}, {"start": "00:04:58", "end": "00:05:08", "text": "per coin by the year 2030 and outperform"}, {"start": "00:05:02", "end": "00:05:10", "text": "Bitcoin along the way, arguing that the"}, {"start": "00:05:08", "end": "00:05:13", "text": "next wave of tokenization"}, {"start": "00:05:10", "end": "00:05:16", "text": "stable coin growth and institutional"}, {"start": "00:05:13", "end": "00:05:20", "text": "blockchain buildout is likely to land"}, {"start": "00:05:16", "end": "00:05:22", "text": "first on Ethereum one."}, {"start": "00:05:20", "end": "00:05:25", "text": "Let me be completely honest with you and"}, {"start": "00:05:22", "end": "00:05:27", "text": "let you understand that I think these"}, {"start": "00:05:25", "end": "00:05:29", "text": "numbers are possible. It's just that"}, {"start": "00:05:27", "end": "00:05:33", "text": "sometimes the year may be a little bit"}, {"start": "00:05:29", "end": "00:05:35", "text": "off by one or two uh digits."}, {"start": "00:05:33", "end": "00:05:40", "text": "It is clear"}, {"start": "00:05:35", "end": "00:05:44", "text": "that if the crypto market does go up, if"}, {"start": "00:05:40", "end": "00:05:46", "text": "we end up getting a $280,000"}, {"start": "00:05:44", "end": "00:05:48", "text": "Bitcoin, like Grant Cardone said in"}, {"start": "00:05:46", "end": "00:05:51", "text": "2026,"}, {"start": "00:05:48", "end": "00:05:53", "text": "Ethereum will also move up as well. It"}, {"start": "00:05:51", "end": "00:05:58", "text": "is not out of the realm of possibility"}, {"start": "00:05:53", "end": "00:06:02", "text": "for a coin to go from a,000 to 3,000 to"}, {"start": "00:05:58", "end": "00:06:06", "text": "7,000 to 15,000 to 40,000 along the way."}, {"start": "00:06:02", "end": "00:06:11", "text": "I think many people underestimate"}, {"start": "00:06:06", "end": "00:06:14", "text": "exactly how much money these people keep"}, {"start": "00:06:11", "end": "00:06:15", "text": "telling us and how much money is"}, {"start": "00:06:14", "end": "00:06:19", "text": "expected"}, {"start": "00:06:15", "end": "00:06:22", "text": "to actually hit Ethereum"}, {"start": "00:06:19", "end": "00:06:24", "text": "this year and well into the future."}, {"start": "00:06:22", "end": "00:06:26", "text": "understand that all the amazing, cool,"}, {"start": "00:06:24", "end": "00:06:29", "text": "awesome, fantastic news that we get"}, {"start": "00:06:26", "end": "00:06:36", "text": "about these chains in 2026"}, {"start": "00:06:29", "end": "00:06:38", "text": "will spread into 2029, 2033, 2040. We"}, {"start": "00:06:36", "end": "00:06:40", "text": "hear that there's hundreds of billions"}, {"start": "00:06:38", "end": "00:06:44", "text": "of dollars looking to move on chain this"}, {"start": "00:06:40", "end": "00:06:47", "text": "year. It's expected to be was it like"}, {"start": "00:06:44", "end": "00:06:50", "text": "five trillion by 2030. We're talking"}, {"start": "00:06:47", "end": "00:06:53", "text": "about massive amount like we're talking"}, {"start": "00:06:50", "end": "00:06:56", "text": "about bigger than like 40 countries,"}, {"start": "00:06:53", "end": "00:06:59", "text": "their entire economy"}, {"start": "00:06:56", "end": "00:07:01", "text": "just being onchain."}, {"start": "00:06:59", "end": "00:07:03", "text": "We spoke a couple days ago about like"}, {"start": "00:07:01", "end": "00:07:07", "text": "which chains"}, {"start": "00:07:03", "end": "00:07:09", "text": "kind of we keep hearing from these"}, {"start": "00:07:07", "end": "00:07:13", "text": "companies and institutions"}, {"start": "00:07:09", "end": "00:07:15", "text": "as to which chains they're expecting and"}, {"start": "00:07:13", "end": "00:07:20", "text": "also which chains it's actually"}, {"start": "00:07:15", "end": "00:07:22", "text": "happening to. From what we've heard, the"}, {"start": "00:07:20", "end": "00:07:26", "text": "bulk of a lot of this is expected to"}, {"start": "00:07:22", "end": "00:07:29", "text": "land on Ethereum first. That's the news"}, {"start": "00:07:26", "end": "00:07:31", "text": "we've been getting. At some point in the"}, {"start": "00:07:29", "end": "00:07:34", "text": "future, there might be another chain"}, {"start": "00:07:31", "end": "00:07:36", "text": "that has half of a percent of that much,"}, {"start": "00:07:34", "end": "00:07:38", "text": "1.5, 2.2%."}, {"start": "00:07:36", "end": "00:07:41", "text": "No one knows."}, {"start": "00:07:38", "end": "00:07:44", "text": "But we keep getting it about Ethereum."}, {"start": "00:07:41", "end": "00:07:48", "text": "The idea is"}, {"start": "00:07:44", "end": "00:07:52", "text": "this year all of this stuff is supposed"}, {"start": "00:07:48", "end": "00:07:55", "text": "to launch and happen on this chain and"}, {"start": "00:07:52", "end": "00:07:58", "text": "that by the time we get to summer, by"}, {"start": "00:07:55", "end": "00:08:01", "text": "the time we get to the end of this year,"}, {"start": "00:07:58", "end": "00:08:05", "text": "so saith the analysts, we should have"}, {"start": "00:08:01", "end": "00:08:08", "text": "between a 10 to $15,000 ether. That's"}, {"start": "00:08:05", "end": "00:08:10", "text": "the news that we keep getting. We are"}, {"start": "00:08:08", "end": "00:08:14", "text": "expecting"}, {"start": "00:08:10", "end": "00:08:17", "text": "trillions of dollars by the time this"}, {"start": "00:08:14", "end": "00:08:20", "text": "decade is over."}, {"start": "00:08:17", "end": "00:08:23", "text": "The assumption then would be that more"}, {"start": "00:08:20", "end": "00:08:26", "text": "and more money would push onto this"}, {"start": "00:08:23", "end": "00:08:27", "text": "chain into this market. And if you're"}, {"start": "00:08:26", "end": "00:08:30", "text": "burning a lot of Ether, if you're"}, {"start": "00:08:27", "end": "00:08:32", "text": "burning a lot of XRP, if Bitcoin's"}, {"start": "00:08:30", "end": "00:08:35", "text": "getting a huge amount of use and"}, {"start": "00:08:32", "end": "00:08:41", "text": "movement and lock up due to staking,"}, {"start": "00:08:35", "end": "00:08:45", "text": "that would then initiate higher prices."}, {"start": "00:08:41", "end": "00:08:47", "text": "The broader engine behind that call is"}, {"start": "00:08:45", "end": "00:08:51", "text": "tokenization."}, {"start": "00:08:47", "end": "00:08:55", "text": "Kendrick said stable coins could"}, {"start": "00:08:51", "end": "00:08:58", "text": "rise from roughly 300. We have 300"}, {"start": "00:08:55", "end": "00:09:04", "text": "billion. Gez Louise. Could rise from 300"}, {"start": "00:08:58", "end": "00:09:07", "text": "billion today to $2 trillion just in"}, {"start": "00:09:04", "end": "00:09:10", "text": "stable coins. Just in stable coins. Just"}, {"start": "00:09:07", "end": "00:09:13", "text": "in stable coins. The majority of stable"}, {"start": "00:09:10", "end": "00:09:15", "text": "coins for those of you who do not know"}, {"start": "00:09:13", "end": "00:09:22", "text": "are on top of Ethereum. There are stable"}, {"start": "00:09:15", "end": "00:09:24", "text": "coins on top of uh Tron and the XRP"}, {"start": "00:09:22", "end": "00:09:27", "text": "ledger and"}, {"start": "00:09:24", "end": "00:09:32", "text": "uh a couple of other chains"}, {"start": "00:09:27", "end": "00:09:36", "text": "but many of them revolve around Ethereum"}, {"start": "00:09:32", "end": "00:09:39", "text": "just stable coins 300 billion to2"}, {"start": "00:09:36", "end": "00:09:41", "text": "trillion dollars over the next few years"}, {"start": "00:09:39", "end": "00:09:44", "text": "and argued that this would create a"}, {"start": "00:09:41", "end": "00:09:49", "text": "knockon effect of demand for token"}, {"start": "00:09:44", "end": "00:09:51", "text": "tokenized money market funds. Corporate"}, {"start": "00:09:49", "end": "00:09:54", "text": "treasurers, he said, will not want to"}, {"start": "00:09:51", "end": "00:09:57", "text": "hold only tokenized cash if the rest of"}, {"start": "00:09:54", "end": "00:10:00", "text": "their idle capital remains trapped in"}, {"start": "00:09:57", "end": "00:10:03", "text": "slower offchain"}, {"start": "00:10:00", "end": "00:10:06", "text": "systems. The idea of tokenization is"}, {"start": "00:10:03", "end": "00:10:09", "text": "supposed to"}, {"start": "00:10:06", "end": "00:10:13", "text": "years ago, I'll give it to you this way."}, {"start": "00:10:09", "end": "00:10:16", "text": "Um, the original Bitcoin and crypto"}, {"start": "00:10:13", "end": "00:10:18", "text": "coiners years ago used to predict how"}, {"start": "00:10:16", "end": "00:10:20", "text": "much money would enter the crypto"}, {"start": "00:10:18", "end": "00:10:24", "text": "market. When I first started doing"}, {"start": "00:10:20", "end": "00:10:27", "text": "research on crypto in 1922,"}, {"start": "00:10:24", "end": "00:10:29", "text": "there was a lot of like these people"}, {"start": "00:10:27", "end": "00:10:31", "text": "seemingly knew that crypto was going to"}, {"start": "00:10:29", "end": "00:10:34", "text": "be worth over a hundred billion. The"}, {"start": "00:10:31", "end": "00:10:37", "text": "market was tiny and people were like,"}, {"start": "00:10:34", "end": "00:10:40", "text": "\"Okay, maybe we'll get there.\" There"}, {"start": "00:10:37", "end": "00:10:43", "text": "were some people, Andreas Antonopoulos"}, {"start": "00:10:40", "end": "00:10:45", "text": "being one of them and many other faces"}, {"start": "00:10:43", "end": "00:10:48", "text": "used to start talking about how Bitcoin"}, {"start": "00:10:45", "end": "00:10:51", "text": "was going to eat currencies. Crypto like"}, {"start": "00:10:48", "end": "00:10:53", "text": "crypto was going to completely absorb"}, {"start": "00:10:51", "end": "00:10:55", "text": "the old system."}, {"start": "00:10:53", "end": "00:10:58", "text": "We couldn't have imagined that it would"}, {"start": "00:10:55", "end": "00:11:01", "text": "be anything like this. But they used to"}, {"start": "00:10:58", "end": "00:11:03", "text": "talk in valuations of trillions of"}, {"start": "00:11:01", "end": "00:11:06", "text": "dollars. Bitcoin will be worth"}, {"start": "00:11:03", "end": "00:11:08", "text": "trillions. other world currencies will"}, {"start": "00:11:06", "end": "00:11:10", "text": "begin to buckle under the weight of"}, {"start": "00:11:08", "end": "00:11:13", "text": "Bitcoin and you're going to start to see"}, {"start": "00:11:10", "end": "00:11:15", "text": "countries and world leaders and other"}, {"start": "00:11:13", "end": "00:11:18", "text": "individuals doing whatever they can to"}, {"start": "00:11:15", "end": "00:11:21", "text": "accumulate as much Bitcoin as possible."}, {"start": "00:11:18", "end": "00:11:24", "text": "When you talk about the idea of Bitcoin"}, {"start": "00:11:21", "end": "00:11:28", "text": "being worth"}, {"start": "00:11:24", "end": "00:11:31", "text": "$100 million per coin, it's exactly what"}, {"start": "00:11:28", "end": "00:11:34", "text": "we're talking about on the screen. It's"}, {"start": "00:11:31", "end": "00:11:36", "text": "the idea that and I mean this is before"}, {"start": "00:11:34", "end": "00:11:38", "text": "we knew or were talking about"}, {"start": "00:11:36", "end": "00:11:42", "text": "tokenization."}, {"start": "00:11:38", "end": "00:11:46", "text": "It's the value of things of everything"}, {"start": "00:11:42", "end": "00:11:50", "text": "being put on chain. The expectations is"}, {"start": "00:11:46", "end": "00:11:53", "text": "that if we have trillions of dollars"}, {"start": "00:11:50", "end": "00:11:56", "text": "moving into this market now"}, {"start": "00:11:53", "end": "00:11:59", "text": "that within the next decade or two or"}, {"start": "00:11:56", "end": "00:12:02", "text": "three, we would start to see not"}, {"start": "00:11:59", "end": "00:12:05", "text": "trillions of dollars but quadrillions of"}, {"start": "00:12:02", "end": "00:12:08", "text": "dollars moving onto the market. I I"}, {"start": "00:12:05", "end": "00:12:11", "text": "forgot what the the M1, M2, M3 money"}, {"start": "00:12:08", "end": "00:12:14", "text": "supply. I think it also uh includes debt"}, {"start": "00:12:11", "end": "00:12:16", "text": "as well. We're beginning to see debt"}, {"start": "00:12:14", "end": "00:12:18", "text": "move onchain as well. When all of these"}, {"start": "00:12:16", "end": "00:12:22", "text": "things"}, {"start": "00:12:18", "end": "00:12:24", "text": "are are in in crypto terms, this is how"}, {"start": "00:12:22", "end": "00:12:27", "text": "you get to a multi- trillion dollar and"}, {"start": "00:12:24", "end": "00:12:29", "text": "a quadrillion dollar market. We're like"}, {"start": "00:12:27", "end": "00:12:33", "text": "well on our way. That's what I keep"}, {"start": "00:12:29", "end": "00:12:35", "text": "saying. I don't know how anyone can be"}, {"start": "00:12:33", "end": "00:12:36", "text": "pessimistic about this market or not"}, {"start": "00:12:35", "end": "00:12:38", "text": "really see what's happening because"}, {"start": "00:12:36", "end": "00:12:43", "text": "we're clearly just moving in one"}, {"start": "00:12:38", "end": "00:12:46", "text": "direction uh for a lot of this. He said,"}, {"start": "00:12:43", "end": "00:12:48", "text": "and I quote, \"Tomorrow,"}, {"start": "00:12:46", "end": "00:12:51", "text": "if you want to get access to stable"}, {"start": "00:12:48", "end": "00:12:53", "text": "coins because of their 247"}, {"start": "00:12:51", "end": "00:12:56", "text": "instantaneous"}, {"start": "00:12:53", "end": "00:13:00", "text": "nearfree benefits, you want to take all"}, {"start": "00:12:56", "end": "00:13:02", "text": "the million dollars on chain. You don't"}, {"start": "00:13:00", "end": "00:13:05", "text": "want to go out of stable coins and back"}, {"start": "00:13:02", "end": "00:13:09", "text": "into idiotic fiat, which is ridiculously"}, {"start": "00:13:05", "end": "00:13:12", "text": "slow by comparison. Rather, you'd have"}, {"start": "00:13:09", "end": "00:13:15", "text": "to have all of your off-chain money"}, {"start": "00:13:12", "end": "00:13:18", "text": "market funds onchain as well. The old"}, {"start": "00:13:15", "end": "00:13:21", "text": "system is clunky. The new system is"}, {"start": "00:13:18", "end": "00:13:23", "text": "fast, not as fast as we need it to be."}, {"start": "00:13:21", "end": "00:13:26", "text": "But if you need this kind of instant,"}, {"start": "00:13:23", "end": "00:13:27", "text": "you know, 247, if you have all of if you"}, {"start": "00:13:26", "end": "00:13:29", "text": "have all of your money in the bank as a"}, {"start": "00:13:27", "end": "00:13:32", "text": "company, that's a little weird. If you"}, {"start": "00:13:29", "end": "00:13:35", "text": "have all your make all your m all your"}, {"start": "00:13:32", "end": "00:13:37", "text": "money in the bank as a company and"}, {"start": "00:13:35", "end": "00:13:39", "text": "they're giving you half of a percent on"}, {"start": "00:13:37", "end": "00:13:41", "text": "your money and you have to ask them"}, {"start": "00:13:39", "end": "00:13:43", "text": "permission to be able to use your money"}, {"start": "00:13:41", "end": "00:13:46", "text": "and you have to do this to transfer your"}, {"start": "00:13:43", "end": "00:13:48", "text": "money, you have so and so on your money."}, {"start": "00:13:46", "end": "00:13:49", "text": "If you have it in stable coins, if you"}, {"start": "00:13:48", "end": "00:13:53", "text": "have it in crypto, if you have it in"}, {"start": "00:13:49", "end": "00:13:56", "text": "that market, you're getting 4.5% on your"}, {"start": "00:13:53", "end": "00:13:58", "text": "money as opposed to half of a percent."}, {"start": "00:13:56", "end": "00:14:00", "text": "You have instantaneous liquidity to be"}, {"start": "00:13:58", "end": "00:14:02", "text": "able to put it into different things."}, {"start": "00:14:00", "end": "00:14:04", "text": "You don't have to talk to someone to JP"}, {"start": "00:14:02", "end": "00:14:06", "text": "Morgan. Hey, uh, I'm thinking about"}, {"start": "00:14:04", "end": "00:14:07", "text": "moving 1.5 million into crypto. They go,"}, {"start": "00:14:06", "end": "00:14:09", "text": "okay, well, you need to sign this and"}, {"start": "00:14:07", "end": "00:14:11", "text": "you have to do that and you have to have"}, {"start": "00:14:09", "end": "00:14:13", "text": "all of these other things. You It's in"}, {"start": "00:14:11", "end": "00:14:16", "text": "stable coins. It's in crypto. You move"}, {"start": "00:14:13", "end": "00:14:19", "text": "it into that protocol. you start getting"}, {"start": "00:14:16", "end": "00:14:21", "text": "money from the DeFi thing and if you"}, {"start": "00:14:19", "end": "00:14:24", "text": "move it offchain and go back to the old"}, {"start": "00:14:21", "end": "00:14:26", "text": "system, you've lost access to all of"}, {"start": "00:14:24", "end": "00:14:27", "text": "your liquidity. You've lost access to"}, {"start": "00:14:26", "end": "00:14:29", "text": "the money that you were getting as a"}, {"start": "00:14:27", "end": "00:14:33", "text": "return for just holding on to the stable"}, {"start": "00:14:29", "end": "00:14:36", "text": "coin. This is the idea for Kendrick."}, {"start": "00:14:33", "end": "00:14:40", "text": "That is the core of the Ethereum trade."}, {"start": "00:14:36", "end": "00:14:44", "text": "If tokenized dollars, tokenized funds,"}, {"start": "00:14:40", "end": "00:14:47", "text": "and eventually tokenized equities pull"}, {"start": "00:14:44", "end": "00:14:49", "text": "institutional liquidity on chain, the"}, {"start": "00:14:47", "end": "00:14:52", "text": "first phase of the buildout is likely to"}, {"start": "00:14:49", "end": "00:14:55", "text": "happen where compliance teams are most"}, {"start": "00:14:52", "end": "00:14:58", "text": "comfortable. in his telling that still"}, {"start": "00:14:55", "end": "00:15:02", "text": "points to Ethereum. I said in another"}, {"start": "00:14:58", "end": "00:15:05", "text": "video, \"If you could only understand how"}, {"start": "00:15:02", "end": "00:15:10", "text": "excited I am for this thing to finally"}, {"start": "00:15:05", "end": "00:15:12", "text": "happen, we have heard nonstop."}, {"start": "00:15:10", "end": "00:15:14", "text": "Everything's happening to Ethereum. It's"}, {"start": "00:15:12", "end": "00:15:18", "text": "going to happen to Ethereum. Our company"}, {"start": "00:15:14", "end": "00:15:20", "text": "is buying 5.7"}, {"start": "00:15:18", "end": "00:15:22", "text": "million ether because everything is"}, {"start": "00:15:20", "end": "00:15:25", "text": "happen like"}, {"start": "00:15:22", "end": "00:15:28", "text": "geez louise like like we like we get it"}, {"start": "00:15:25", "end": "00:15:32", "text": "at at this point. The interesting part"}, {"start": "00:15:28", "end": "00:15:35", "text": "is the brand new $40,000 price"}, {"start": "00:15:32", "end": "00:15:39", "text": "prediction. The highest that we've had"}, {"start": "00:15:35", "end": "00:15:41", "text": "thus far for Ethereum has been 100K and"}, {"start": "00:15:39", "end": "00:15:43", "text": "that was predicted by sometime in the"}, {"start": "00:15:41", "end": "00:15:45", "text": "2030s"}, {"start": "00:15:43", "end": "00:15:49", "text": "because of all these things once again"}, {"start": "00:15:45", "end": "00:15:50", "text": "that we were just talking about."}, {"start": "00:15:49", "end": "00:15:53", "text": "Apparently, there's a lot of money to be"}, {"start": "00:15:50", "end": "00:15:56", "text": "made in this little market that we call"}, {"start": "00:15:53", "end": "00:16:00", "text": "crypto because all of these analysts"}, {"start": "00:15:56", "end": "00:16:02", "text": "will not stop telling us exactly how"}, {"start": "00:16:00", "end": "00:16:06", "text": "much money there is to be made."}, {"start": "00:16:02", "end": "00:16:09", "text": "That's the Ethereum to $40,000"}, {"start": "00:16:06", "end": "00:16:11", "text": "US per coin news."}, {"start": "00:16:09", "end": "00:16:15", "text": "And yeah,"}, {"start": "00:16:11", "end": "00:16:15", "text": "let's move on."}, {"start": "00:16:16", "end": "00:16:20", "text": "Also,"}, {"start": "00:16:18", "end": "00:16:24", "text": "in"}, {"start": "00:16:20", "end": "00:16:26", "text": "the very popular news, my actual"}, {"start": "00:16:24", "end": "00:16:29", "text": "goodness,"}, {"start": "00:16:26", "end": "00:16:32", "text": "there's a company called Deote. They do"}, {"start": "00:16:29", "end": "00:16:35", "text": "audits. uh they basically go to"}, {"start": "00:16:32", "end": "00:16:38", "text": "companies and they say yes this is"}, {"start": "00:16:35", "end": "00:16:41", "text": "actually real. They started peing their"}, {"start": "00:16:38", "end": "00:16:44", "text": "heads into the cryptocurrency space a"}, {"start": "00:16:41", "end": "00:16:46", "text": "couple of years ago namely"}, {"start": "00:16:44", "end": "00:16:49", "text": "because of FTX"}, {"start": "00:16:46", "end": "00:16:51", "text": "uh when FTX said that they had X amount"}, {"start": "00:16:49", "end": "00:16:54", "text": "of money and then regulators said that"}, {"start": "00:16:51", "end": "00:16:56", "text": "they didn't. Basically that started and"}, {"start": "00:16:54", "end": "00:16:59", "text": "I and I think there's only two companies"}, {"start": "00:16:56", "end": "00:17:01", "text": "who still do it. That started the entire"}, {"start": "00:16:59", "end": "00:17:03", "text": "proof of reserves thing within the"}, {"start": "00:17:01", "end": "00:17:06", "text": "crypto market where crypto exchanges"}, {"start": "00:17:03", "end": "00:17:07", "text": "began to tell us exactly how much crypto"}, {"start": "00:17:06", "end": "00:17:09", "text": "they were holding so we could see it"}, {"start": "00:17:07", "end": "00:17:12", "text": "transparently. Thank you. And then the"}, {"start": "00:17:09", "end": "00:17:18", "text": "second part was they told us how much"}, {"start": "00:17:12", "end": "00:17:20", "text": "cash and reserves they had on hand if"}, {"start": "00:17:18", "end": "00:17:24", "text": "everything should go belly up. We have"}, {"start": "00:17:20", "end": "00:17:26", "text": "enough money to cover all of the people"}, {"start": "00:17:24", "end": "00:17:30", "text": "who were using our platform."}, {"start": "00:17:26", "end": "00:17:33", "text": "So, as Ripple has entered the stable"}, {"start": "00:17:30", "end": "00:17:35", "text": "coin game, something surprising has"}, {"start": "00:17:33", "end": "00:17:37", "text": "happened."}, {"start": "00:17:35", "end": "00:17:39", "text": "Independent audit firm, they're called"}, {"start": "00:17:37", "end": "00:17:42", "text": "Deote,"}, {"start": "00:17:39", "end": "00:17:46", "text": "has verified"}, {"start": "00:17:42", "end": "00:17:49", "text": "that Ripple's RLUSD"}, {"start": "00:17:46", "end": "00:17:53", "text": "stable coin is indeed"}, {"start": "00:17:49", "end": "00:17:56", "text": "fully backed by liquid reserves. Golf"}, {"start": "00:17:53", "end": "00:17:59", "text": "clap. Yay, Golf Clap. So basically this"}, {"start": "00:17:56", "end": "00:18:02", "text": "company goes around and they perform"}, {"start": "00:17:59", "end": "00:18:04", "text": "audits. And you might ask why. It's so"}, {"start": "00:18:02", "end": "00:18:06", "text": "people have trust in the thing that"}, {"start": "00:18:04", "end": "00:18:11", "text": "they're actually investing in or working"}, {"start": "00:18:06", "end": "00:18:14", "text": "in. Ripple has had a a doozy of of of"}, {"start": "00:18:11", "end": "00:18:18", "text": "the last 17 months where they have kind"}, {"start": "00:18:14", "end": "00:18:22", "text": "of been swept up in the institutional"}, {"start": "00:18:18", "end": "00:18:25", "text": "world. the SEC and the CFTC"}, {"start": "00:18:22", "end": "00:18:27", "text": "two weeks ago uh gave proper crypto"}, {"start": "00:18:25", "end": "00:18:30", "text": "regulation"}, {"start": "00:18:27", "end": "00:18:32", "text": "for a number of coins, but the one that"}, {"start": "00:18:30", "end": "00:18:36", "text": "was most popular, sorry, stretching oh"}, {"start": "00:18:32", "end": "00:18:40", "text": "my arms. Uh oh gosh. Uh the most popular"}, {"start": "00:18:36", "end": "00:18:43", "text": "one was XRP. It is officially"}, {"start": "00:18:40", "end": "00:18:44", "text": "a commodity within the US of A. The"}, {"start": "00:18:43", "end": "00:18:48", "text": "lawsuit against Ripple is also"}, {"start": "00:18:44", "end": "00:18:50", "text": "completely gone. And Ripple said years"}, {"start": "00:18:48", "end": "00:18:52", "text": "ago that they I mean also banks said it"}, {"start": "00:18:50", "end": "00:18:54", "text": "as well that they wanted to work with"}, {"start": "00:18:52", "end": "00:18:58", "text": "Ripple but they could not because of"}, {"start": "00:18:54", "end": "00:19:01", "text": "regulatory overcast clouds and now those"}, {"start": "00:18:58", "end": "00:19:05", "text": "are all gone. So the next step is you"}, {"start": "00:19:01", "end": "00:19:07", "text": "get a company like Deote to basically"}, {"start": "00:19:05", "end": "00:19:10", "text": "tell everyone publicly as they are well"}, {"start": "00:19:07", "end": "00:19:14", "text": "trusted this company's not lying. They"}, {"start": "00:19:10", "end": "00:19:19", "text": "do indeed have this much money in their"}, {"start": "00:19:14", "end": "00:19:22", "text": "accounts. Deoit's audit confirms that"}, {"start": "00:19:19", "end": "00:19:26", "text": "Ripple's RLUD"}, {"start": "00:19:22", "end": "00:19:29", "text": "maintained reserves exceeding"}, {"start": "00:19:26", "end": "00:19:31", "text": "circulating supply as of late February"}, {"start": "00:19:29", "end": "00:19:36", "text": "2026."}, {"start": "00:19:31", "end": "00:19:39", "text": "As of the 27th of February 2026, RLUSD"}, {"start": "00:19:36", "end": "00:19:44", "text": "held 1.568"}, {"start": "00:19:39", "end": "00:19:46", "text": "billion in reserves against their 1.495"}, {"start": "00:19:44", "end": "00:19:49", "text": "billion tokens in circulation. You"}, {"start": "00:19:46", "end": "00:19:51", "text": "typically want to have a huge amount of"}, {"start": "00:19:49", "end": "00:19:54", "text": "money extra on the side to make sure"}, {"start": "00:19:51", "end": "00:19:55", "text": "that it is like completely covered. That"}, {"start": "00:19:54", "end": "00:19:58", "text": "was a thing for a lot of crypto"}, {"start": "00:19:55", "end": "00:20:00", "text": "exchanges who years ago were like, \"We"}, {"start": "00:19:58", "end": "00:20:02", "text": "have"}, {"start": "00:20:00", "end": "00:20:06", "text": "17 billion in crypto, but in our"}, {"start": "00:20:02", "end": "00:20:09", "text": "reserves, we have $20 million, so we can"}, {"start": "00:20:06", "end": "00:20:11", "text": "back everything just in case.\" The"}, {"start": "00:20:09", "end": "00:20:13", "text": "report also confirmed"}, {"start": "00:20:11", "end": "00:20:16", "text": "that RLUSD's"}, {"start": "00:20:13", "end": "00:20:18", "text": "reserve structure aligns with the New"}, {"start": "00:20:16", "end": "00:20:22", "text": "York Department of Financial Services"}, {"start": "00:20:18", "end": "00:20:26", "text": "regulatory guidance. Ripple's official"}, {"start": "00:20:22", "end": "00:20:30", "text": "data shows RLUSD had 1.41 billion tokens"}, {"start": "00:20:26", "end": "00:20:34", "text": "in circulation with roughly 1.49 billion"}, {"start": "00:20:30", "end": "00:20:36", "text": "in reserves as of this week. Wonderful."}, {"start": "00:20:34", "end": "00:20:38", "text": "Can't believe it. The company who's"}, {"start": "00:20:36", "end": "00:20:40", "text": "trying to be worth a trillion dollars."}, {"start": "00:20:38", "end": "00:20:42", "text": "They were telling the truth. That's"}, {"start": "00:20:40", "end": "00:20:46", "text": "really surprising."}, {"start": "00:20:42", "end": "00:20:48", "text": "Cool. Also very popular news. You You"}, {"start": "00:20:46", "end": "00:20:50", "text": "think it's a joke? No."}, {"start": "00:20:48", "end": "00:20:54", "text": "since 2017."}, {"start": "00:20:50", "end": "00:20:57", "text": "If the article has the word Ripple or"}, {"start": "00:20:54", "end": "00:20:59", "text": "RXP in it, RXP, XRP, Gez, it's time to"}, {"start": "00:20:57", "end": "00:21:03", "text": "go back to sleep. I'm a little tired."}, {"start": "00:20:59", "end": "00:21:04", "text": "Don't judge me. Uh, it ends up being"}, {"start": "00:21:03", "end": "00:21:08", "text": "very popular news all across the"}, {"start": "00:21:04", "end": "00:21:11", "text": "internet. So, I expect great things from"}, {"start": "00:21:08", "end": "00:21:14", "text": "Ripple and"}, {"start": "00:21:11", "end": "00:21:16", "text": "their associates and all the other"}, {"start": "00:21:14", "end": "00:21:18", "text": "things because they're also part of that"}, {"start": "00:21:16", "end": "00:21:22", "text": "stable coin tokenization conversation as"}, {"start": "00:21:18", "end": "00:21:26", "text": "well. For a while now, we're supposed to"}, {"start": "00:21:22", "end": "00:21:28", "text": "be hearing magically wonderful things"}, {"start": "00:21:26", "end": "00:21:30", "text": "about which companies and corporations"}, {"start": "00:21:28", "end": "00:21:35", "text": "are going to be using their chains,"}, {"start": "00:21:30", "end": "00:21:37", "text": "especially banks, in the uh very, very"}, {"start": "00:21:35", "end": "00:21:40", "text": "near future."}, {"start": "00:21:37", "end": "00:21:42", "text": "That's the Ripple news."}, {"start": "00:21:40", "end": "00:21:45", "text": "Oky doy."}, {"start": "00:21:42", "end": "00:21:46", "text": "Let's move on. You know what's weird? I"}, {"start": "00:21:45", "end": "00:21:49", "text": "used to love the Simpsons when I was a"}, {"start": "00:21:46", "end": "00:21:50", "text": "kid and I remember every single time"}, {"start": "00:21:49", "end": "00:21:52", "text": "that Flanders would come up. I thought"}, {"start": "00:21:50", "end": "00:21:54", "text": "he was one of the funniest characters. I"}, {"start": "00:21:52", "end": "00:21:56", "text": "don't know why. And I remember him"}, {"start": "00:21:54", "end": "00:21:58", "text": "saying oky doily when I was a kid and I"}, {"start": "00:21:56", "end": "00:21:59", "text": "was like"}, {"start": "00:21:58", "end": "00:22:02", "text": "for some reason I've started saying it"}, {"start": "00:21:59", "end": "00:22:06", "text": "again recently and it's not in a joking"}, {"start": "00:22:02", "end": "00:22:08", "text": "or ironic way."}, {"start": "00:22:06", "end": "00:22:09", "text": "When I'm in the supermarket and I'm"}, {"start": "00:22:08", "end": "00:22:12", "text": "looking for something and I can't find"}, {"start": "00:22:09", "end": "00:22:14", "text": "it, instead of saying like, \"Okay, well"}, {"start": "00:22:12", "end": "00:22:17", "text": "I'll look for something else.\" I I say"}, {"start": "00:22:14", "end": "00:22:20", "text": "out loud oally doily."}, {"start": "00:22:17", "end": "00:22:21", "text": "I'm not joking."}, {"start": "00:22:20", "end": "00:22:23", "text": "See, even like when I just said it right"}, {"start": "00:22:21", "end": "00:22:25", "text": "now, it was it was completely like as if"}, {"start": "00:22:23", "end": "00:22:28", "text": "I was going to say like, \"Okay, let's"}, {"start": "00:22:25", "end": "00:22:32", "text": "move on.\" No, like I can't stop myself"}, {"start": "00:22:28", "end": "00:22:32", "text": "from saying oky doy."}, {"start": "00:22:32", "end": "00:22:35", "text": "Okay,"}, {"start": "00:22:35", "end": "00:22:40", "text": "let's move on. No, like it's real. Like"}, {"start": "00:22:38", "end": "00:22:43", "text": "I have a I have a thing when I was You"}, {"start": "00:22:40", "end": "00:22:46", "text": "want to hear another weird one? This is"}, {"start": "00:22:43", "end": "00:22:48", "text": "even weirder. When I was younger,"}, {"start": "00:22:46", "end": "00:22:50", "text": "my grandmother used to watch um the Andy"}, {"start": "00:22:48", "end": "00:22:53", "text": "Griffith show. If you don't know Andy"}, {"start": "00:22:50", "end": "00:22:54", "text": "Griffith, I I listen, I was I used to"}, {"start": "00:22:53", "end": "00:22:58", "text": "sit there watching it with her Murder"}, {"start": "00:22:54", "end": "00:23:00", "text": "She Wrote and all these other shows. And"}, {"start": "00:22:58", "end": "00:23:02", "text": "I think this I think the son's name was"}, {"start": "00:23:00", "end": "00:23:05", "text": "Opie, if I remember correctly. I"}, {"start": "00:23:02", "end": "00:23:08", "text": "remember one episode he said he said"}, {"start": "00:23:05", "end": "00:23:12", "text": "like, \"Gosh, G. Willickers or something"}, {"start": "00:23:08", "end": "00:23:15", "text": "like that.\" And for like years,"}, {"start": "00:23:12", "end": "00:23:18", "text": "for years I was saying gosh golly, like"}, {"start": "00:23:15", "end": "00:23:20", "text": "like unironically I was just walk I was"}, {"start": "00:23:18", "end": "00:23:21", "text": "in school. I wasn't like made fun of. I"}, {"start": "00:23:20", "end": "00:23:23", "text": "guess people thought I was joking. Thank"}, {"start": "00:23:21", "end": "00:23:25", "text": "goodness. But I was literally like oh"}, {"start": "00:23:23", "end": "00:23:28", "text": "gosh golly G will go and people look at"}, {"start": "00:23:25", "end": "00:23:32", "text": "me like he made a joke but I was like oh"}, {"start": "00:23:28", "end": "00:23:33", "text": "no like I can't stop myself. Like I like"}, {"start": "00:23:32", "end": "00:23:36", "text": "I wanted to say another word but gosh"}, {"start": "00:23:33", "end": "00:23:38", "text": "golly. Uh, not that you needed to know"}, {"start": "00:23:36", "end": "00:23:41", "text": "any of that information, but now you"}, {"start": "00:23:38", "end": "00:23:43", "text": "know. I have some kind of a compulsion"}, {"start": "00:23:41", "end": "00:23:45", "text": "sometimes to just say like I can't help"}, {"start": "00:23:43", "end": "00:23:48", "text": "it. It's very very odd. It's It's"}, {"start": "00:23:45", "end": "00:23:51", "text": "incredibly weird. Okay, next in the"}, {"start": "00:23:48", "end": "00:23:54", "text": "news. Growing access"}, {"start": "00:23:51", "end": "00:23:57", "text": "to regulated crypto linked instruments"}, {"start": "00:23:54", "end": "00:24:01", "text": "is reshaping how traditional investors"}, {"start": "00:23:57", "end": "00:24:04", "text": "engage with digital assets. There's a"}, {"start": "00:24:01", "end": "00:24:07", "text": "gigantic bank. They're called BNP"}, {"start": "00:24:04", "end": "00:24:10", "text": "Paribos. Commercial Banking in France"}, {"start": "00:24:07", "end": "00:24:14", "text": "has apparently extended its exchange"}, {"start": "00:24:10", "end": "00:24:18", "text": "platform on the 26th of March to include"}, {"start": "00:24:14", "end": "00:24:22", "text": "crypto asset exchange traded notes. So"}, {"start": "00:24:18", "end": "00:24:25", "text": "remember how we always go over um"}, {"start": "00:24:22", "end": "00:24:28", "text": "institutions launch something and then"}, {"start": "00:24:25", "end": "00:24:31", "text": "they always announce that it's just for"}, {"start": "00:24:28", "end": "00:24:33", "text": "institutions always. This is how they"}, {"start": "00:24:31", "end": "00:24:35", "text": "create liquidity for the actual market."}, {"start": "00:24:33", "end": "00:24:37", "text": "So they want the group of people to come"}, {"start": "00:24:35", "end": "00:24:40", "text": "into the room who each have a billion"}, {"start": "00:24:37", "end": "00:24:42", "text": "dollars to create liquidity for the"}, {"start": "00:24:40", "end": "00:24:45", "text": "market because if you just just have"}, {"start": "00:24:42", "end": "00:24:47", "text": "retail investors, it's not a good gauge"}, {"start": "00:24:45", "end": "00:24:49", "text": "to see if they'll like a product. The"}, {"start": "00:24:47", "end": "00:24:52", "text": "the big wigs, they own and control"}, {"start": "00:24:49", "end": "00:24:54", "text": "everything. That's how things are. So"}, {"start": "00:24:52", "end": "00:24:57", "text": "this is now moving into the sector of"}, {"start": "00:24:54", "end": "00:25:00", "text": "like for everyone. It usually takes"}, {"start": "00:24:57", "end": "00:25:04", "text": "around a year usually for things to kind"}, {"start": "00:25:00", "end": "00:25:08", "text": "of flow down to us. The expansion"}, {"start": "00:25:04", "end": "00:25:11", "text": "enables retail clients, normal people to"}, {"start": "00:25:08", "end": "00:25:15", "text": "access six new products tied to Bitcoin"}, {"start": "00:25:11", "end": "00:25:17", "text": "and Ethereum's performance."}, {"start": "00:25:15", "end": "00:25:21", "text": "Clients can obtain exposure through"}, {"start": "00:25:17", "end": "00:25:24", "text": "exchange traded notes or ETNs without"}, {"start": "00:25:21", "end": "00:25:27", "text": "directly holding the underlying tokens"}, {"start": "00:25:24", "end": "00:25:29", "text": "using standard securities accounts under"}, {"start": "00:25:27", "end": "00:25:32", "text": "MIFID2"}, {"start": "00:25:29", "end": "00:25:36", "text": "rules. Those are markets in financial"}, {"start": "00:25:32", "end": "00:25:38", "text": "instruments directive 2 is a European"}, {"start": "00:25:36", "end": "00:25:40", "text": "Union framework governing how investment"}, {"start": "00:25:38", "end": "00:25:44", "text": "services are delivered and how trading"}, {"start": "00:25:40", "end": "00:25:47", "text": "venues function. The bank stated,"}, {"start": "00:25:44", "end": "00:25:49", "text": "\"These exchangeraded notes are regulated"}, {"start": "00:25:47", "end": "00:25:51", "text": "products that offer exposure to the"}, {"start": "00:25:49", "end": "00:25:54", "text": "performance of crypto assets through an"}, {"start": "00:25:51", "end": "00:25:57", "text": "indirect investment without the need for"}, {"start": "00:25:54", "end": "00:25:59", "text": "direct purchase or holding of Bitcoin or"}, {"start": "00:25:57", "end": "00:26:01", "text": "Ether.\" Fantastic. Yeah, they're"}, {"start": "00:25:59", "end": "00:26:04", "text": "beginning to roll in our direction. This"}, {"start": "00:26:01", "end": "00:26:07", "text": "is how things always work. We are always"}, {"start": "00:26:04", "end": "00:26:10", "text": "typically at the bottom of the investing"}, {"start": "00:26:07", "end": "00:26:12", "text": "ladder, if you will. But it just I mean"}, {"start": "00:26:10", "end": "00:26:15", "text": "it does make sense as far as like you"}, {"start": "00:26:12", "end": "00:26:18", "text": "need billions worth of liquidity to move"}, {"start": "00:26:15", "end": "00:26:22", "text": "around so that when"}, {"start": "00:26:18", "end": "00:26:25", "text": "retail also has access to it, it's not"}, {"start": "00:26:22", "end": "00:26:28", "text": "just like $143"}, {"start": "00:26:25", "end": "00:26:30", "text": "sitting sitting in one of those"}, {"start": "00:26:28", "end": "00:26:31", "text": "accounts. Yeah, it's beginning to move"}, {"start": "00:26:30", "end": "00:26:33", "text": "in our direction. This is kind of the"}, {"start": "00:26:31", "end": "00:26:35", "text": "thing that we're waiting for. It's the"}, {"start": "00:26:33", "end": "00:26:39", "text": "same thing will happen uh with with"}, {"start": "00:26:35", "end": "00:26:41", "text": "tokenized assets. It's been about half a"}, {"start": "00:26:39", "end": "00:26:42", "text": "year,"}, {"start": "00:26:41", "end": "00:26:47", "text": "just about half a year that more"}, {"start": "00:26:42", "end": "00:26:50", "text": "tokenization has begun. Probably"}, {"start": "00:26:47", "end": "00:26:52", "text": "by the end of this year, if not the"}, {"start": "00:26:50", "end": "00:26:54", "text": "definite middle of next year, many of"}, {"start": "00:26:52", "end": "00:26:56", "text": "these products will also begin to"}, {"start": "00:26:54", "end": "00:26:58", "text": "announce. We're also opening our doors"}, {"start": "00:26:56", "end": "00:27:00", "text": "uh to retail investors as well. I"}, {"start": "00:26:58", "end": "00:27:03", "text": "already explained to you that the only"}, {"start": "00:27:00", "end": "00:27:04", "text": "thing I'm waiting for is is tokenized"}, {"start": "00:27:03", "end": "00:27:08", "text": "real estate."}, {"start": "00:27:04", "end": "00:27:11", "text": "It's not a joke. I'm I'm ready. I'm I'm"}, {"start": "00:27:08", "end": "00:27:13", "text": "so ready. I I want as much I want as"}, {"start": "00:27:11", "end": "00:27:15", "text": "much fractionalized real estate as I can"}, {"start": "00:27:13", "end": "00:27:19", "text": "possibly get my hands on because I just"}, {"start": "00:27:15", "end": "00:27:22", "text": "want those sweet sweet digital"}, {"start": "00:27:19", "end": "00:27:24", "text": "paychecks, rent checks. That doesn't"}, {"start": "00:27:22", "end": "00:27:26", "text": "make sense, but you understand what I'm"}, {"start": "00:27:24", "end": "00:27:29", "text": "saying. Cool. This was also lightly"}, {"start": "00:27:26", "end": "00:27:31", "text": "popular news. I guess it because it has"}, {"start": "00:27:29", "end": "00:27:35", "text": "to do with a major bank and Bitcoin"}, {"start": "00:27:31", "end": "00:27:37", "text": "makes a lot of sense. Uh France"}, {"start": "00:27:35", "end": "00:27:39", "text": "historically"}, {"start": "00:27:37", "end": "00:27:41", "text": "in crypto hasn't been known as like the"}, {"start": "00:27:39", "end": "00:27:44", "text": "most crypto friendly place. I think they"}, {"start": "00:27:41", "end": "00:27:47", "text": "have relatively high taxes"}, {"start": "00:27:44", "end": "00:27:50", "text": "uh comparative to uh what do you call"}, {"start": "00:27:47", "end": "00:27:54", "text": "it? What's the other place? Portugal. Uh"}, {"start": "00:27:50", "end": "00:27:57", "text": "but cool, very fun indeed."}, {"start": "00:27:54", "end": "00:27:59", "text": "I do think that's going to do it for"}, {"start": "00:27:57", "end": "00:28:02", "text": "this video."}, {"start": "00:27:59", "end": "00:28:03", "text": "I do hope that you have all enjoyed. I"}, {"start": "00:28:02", "end": "00:28:06", "text": "hope that you all are having a great"}, {"start": "00:28:03", "end": "00:28:08", "text": "day, morning, afternoon, evening,"}, {"start": "00:28:06", "end": "00:28:11", "text": "wherever you are, wherever the heck you"}, {"start": "00:28:08", "end": "00:28:13", "text": "might be. I do hope that it is"}, {"start": "00:28:11", "end": "00:28:15", "text": "absolutely fantastic."}, {"start": "00:28:13", "end": "00:28:17", "text": "Thank you all once again for watching,"}, {"start": "00:28:15", "end": "00:28:20", "text": "listening, liking, commenting, and"}, {"start": "00:28:17", "end": "00:28:24", "text": "supporting. And I will most certainly be"}, {"start": "00:28:20", "end": "00:28:27", "text": "talking to you all soon."}, {"start": "00:28:24", "end": "00:28:27", "text": "See you."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Welcome to another episode. And as you"}, {"start": "00:00:02", "end": "00:00:06", "text": "can see right now, Bitcoin is currently"}, {"start": "00:00:04", "end": "00:00:08", "text": "still chewing through the resistance,"}, {"start": "00:00:06", "end": "00:00:10", "text": "fighting, fighting, fighting, fighting,"}, {"start": "00:00:08", "end": "00:00:12", "text": "fighting for its life. And many people"}, {"start": "00:00:10", "end": "00:00:15", "text": "now are going long. I see in real time"}, {"start": "00:00:12", "end": "00:00:17", "text": "on social media the bull energy. I"}, {"start": "00:00:15", "end": "00:00:19", "text": "listen, I love the bull energy and then"}, {"start": "00:00:17", "end": "00:00:21", "text": "I love the bull energy. But I've been"}, {"start": "00:00:19", "end": "00:00:24", "text": "here a few cycles. I can tell you guys"}, {"start": "00:00:21", "end": "00:00:26", "text": "that the likelihood of us being at the"}, {"start": "00:00:24", "end": "00:00:29", "text": "bottom here at 60K that this was the"}, {"start": "00:00:26", "end": "00:00:32", "text": "bottom given the current the current"}, {"start": "00:00:29", "end": "00:00:34", "text": "chart is quite low. Even if even if"}, {"start": "00:00:32", "end": "00:00:37", "text": "should we even go here, it still would"}, {"start": "00:00:34", "end": "00:00:39", "text": "be a lower high. Okay, it's very"}, {"start": "00:00:37", "end": "00:00:42", "text": "important. The only the only the only"}, {"start": "00:00:39", "end": "00:00:45", "text": "way for us to consistently be able to"}, {"start": "00:00:42", "end": "00:00:48", "text": "catch the bull trends and avoid avoid"}, {"start": "00:00:45", "end": "00:00:49", "text": "being trapped is when we're part of bull"}, {"start": "00:00:48", "end": "00:00:50", "text": "trends. As you can see, now we're in a"}, {"start": "00:00:49", "end": "00:00:52", "text": "bare trend. And there are a few"}, {"start": "00:00:50", "end": "00:00:54", "text": "different ways to see whether the trend"}, {"start": "00:00:52", "end": "00:00:57", "text": "is bull or bare. I mean, the simplest"}, {"start": "00:00:54", "end": "00:01:01", "text": "way is just when you have higher uh"}, {"start": "00:00:57", "end": "00:01:03", "text": "lower highs and lower highs and lower"}, {"start": "00:01:01", "end": "00:01:04", "text": "highs and lower highs, that's a bare."}, {"start": "00:01:03", "end": "00:01:07", "text": "Okay? So, for us to be able to be in a"}, {"start": "00:01:04", "end": "00:01:08", "text": "bull trend, the simplest way is that you"}, {"start": "00:01:07", "end": "00:01:11", "text": "have"}, {"start": "00:01:08", "end": "00:01:14", "text": "a higher high, a higher high. Super"}, {"start": "00:01:11", "end": "00:01:17", "text": "simple. Higher high. You understand?"}, {"start": "00:01:14", "end": "00:01:19", "text": "Lower high, higher high. That's the"}, {"start": "00:01:17", "end": "00:01:20", "text": "simplest way. Uh then you can have"}, {"start": "00:01:19", "end": "00:01:22", "text": "different indicators whether it is the"}, {"start": "00:01:20", "end": "00:01:23", "text": "moving average, whether it's the whether"}, {"start": "00:01:22", "end": "00:01:25", "text": "it's the money line and so on so forth."}, {"start": "00:01:23", "end": "00:01:28", "text": "That's a layer on top you can add. But"}, {"start": "00:01:25", "end": "00:01:30", "text": "the simplest simplest thing is are we in"}, {"start": "00:01:28", "end": "00:01:32", "text": "the lower high formation or are we in"}, {"start": "00:01:30", "end": "00:01:34", "text": "the higher high formation. Now some"}, {"start": "00:01:32", "end": "00:01:36", "text": "people some people they have the"}, {"start": "00:01:34", "end": "00:01:38", "text": "expectation that they want to buy like"}, {"start": "00:01:36", "end": "00:01:41", "text": "the exact bottom this and that. For"}, {"start": "00:01:38", "end": "00:01:43", "text": "example, back in 2023 we did not uh get"}, {"start": "00:01:41", "end": "00:01:44", "text": "too much money in here. We did have a"}, {"start": "00:01:43", "end": "00:01:46", "text": "few limit orders if you've been watching"}, {"start": "00:01:44", "end": "00:01:49", "text": "us. But the majority of the capital came"}, {"start": "00:01:46", "end": "00:01:51", "text": "in right here. Right here. Why? Because"}, {"start": "00:01:49", "end": "00:01:54", "text": "I want to be part of the move, but in a"}, {"start": "00:01:51", "end": "00:01:56", "text": "very very nice risk adjusted way. It"}, {"start": "00:01:54", "end": "00:01:59", "text": "needs to be basically a no-brainer that"}, {"start": "00:01:56", "end": "00:02:00", "text": "we're going to go up. And the uh risk of"}, {"start": "00:01:59", "end": "00:02:02", "text": "us going down should be low. It should"}, {"start": "00:02:00", "end": "00:02:05", "text": "be very very low. Why is it so"}, {"start": "00:02:02", "end": "00:02:07", "text": "important? I now have this compounding"}, {"start": "00:02:05", "end": "00:02:09", "text": "simulation here which everyone who is in"}, {"start": "00:02:07", "end": "00:02:12", "text": "crypto should know about. And this is"}, {"start": "00:02:09", "end": "00:02:14", "text": "where most people have no clue how how"}, {"start": "00:02:12", "end": "00:02:15", "text": "markets actually work. Especially if"}, {"start": "00:02:14", "end": "00:02:17", "text": "you're in crypto. Crypto is likely your"}, {"start": "00:02:15", "end": "00:02:19", "text": "first ever market. This is very common."}, {"start": "00:02:17", "end": "00:02:21", "text": "I mean for me it was the same. Crypto"}, {"start": "00:02:19", "end": "00:02:23", "text": "was my first ever market that I really"}, {"start": "00:02:21", "end": "00:02:25", "text": "went all in and start to trade and then"}, {"start": "00:02:23", "end": "00:02:26", "text": "be a part of financial markets. And so"}, {"start": "00:02:25", "end": "00:02:28", "text": "most people don't understand how"}, {"start": "00:02:26", "end": "00:02:30", "text": "financial markets really work from what"}, {"start": "00:02:28", "end": "00:02:32", "text": "is the baseline. What is the baseline"}, {"start": "00:02:30", "end": "00:02:36", "text": "expectation in the markets? Let's say"}, {"start": "00:02:32", "end": "00:02:37", "text": "you put in 10K. What can you expect?"}, {"start": "00:02:36", "end": "00:02:41", "text": "Just doing nothing. Just doing nothing."}, {"start": "00:02:37", "end": "00:02:45", "text": "because buying an index fund buying"}, {"start": "00:02:41", "end": "00:02:47", "text": "uh buying S&P 500 what can you expect to"}, {"start": "00:02:45", "end": "00:02:51", "text": "get let's say in 10 years 20 years 30"}, {"start": "00:02:47", "end": "00:02:53", "text": "years and so forth so on average S&P"}, {"start": "00:02:51", "end": "00:02:56", "text": "returns 8% and this is inflation"}, {"start": "00:02:53", "end": "00:02:58", "text": "adjusted this is this is after inflation"}, {"start": "00:02:56", "end": "00:03:00", "text": "8% on average so sometimes you have"}, {"start": "00:02:58", "end": "00:03:02", "text": "years when it's up you know 30%."}, {"start": "00:03:00", "end": "00:03:06", "text": "Sometimes you have years it's down 20%"}, {"start": "00:03:02", "end": "00:03:09", "text": "but on average it is 8% per year. So if"}, {"start": "00:03:06", "end": "00:03:11", "text": "you if you just do nothing, you just put"}, {"start": "00:03:09", "end": "00:03:14", "text": "in an index fund. You do nothing, you do"}, {"start": "00:03:11", "end": "00:03:15", "text": "nothing. Uh and you huddle huddle huddle"}, {"start": "00:03:14", "end": "00:03:19", "text": "and you huddle for 100 years, you go"}, {"start": "00:03:15", "end": "00:03:21", "text": "from 10k to 22 million. And you can"}, {"start": "00:03:19", "end": "00:03:24", "text": "adjust here different uh parameters. If"}, {"start": "00:03:21", "end": "00:03:27", "text": "you huddle, let's say for uh 50 years,"}, {"start": "00:03:24", "end": "00:03:30", "text": "you go from 10k and in 50 years you have"}, {"start": "00:03:27", "end": "00:03:32", "text": "400k. So there are a few things at play"}, {"start": "00:03:30", "end": "00:03:35", "text": "here. Number one, the compounding gets"}, {"start": "00:03:32", "end": "00:03:37", "text": "stronger in the end. So for example, if"}, {"start": "00:03:35", "end": "00:03:40", "text": "you start with 10K, it takes you like 50"}, {"start": "00:03:37", "end": "00:03:42", "text": "years to get to 500. But if you start"}, {"start": "00:03:40", "end": "00:03:44", "text": "with 500, in 50 years you have 22"}, {"start": "00:03:42", "end": "00:03:45", "text": "million. So of course you don't want to"}, {"start": "00:03:44", "end": "00:03:48", "text": "start from scratch here. You want to"}, {"start": "00:03:45", "end": "00:03:50", "text": "come into the market with uh with"}, {"start": "00:03:48", "end": "00:03:52", "text": "capital. You want to have a few hundredk"}, {"start": "00:03:50", "end": "00:03:54", "text": "at least 500k if you want to basically"}, {"start": "00:03:52", "end": "00:03:56", "text": "have an amount you can set and forget"}, {"start": "00:03:54", "end": "00:03:58", "text": "and then just let the normal market work"}, {"start": "00:03:56", "end": "00:04:00", "text": "for you and have your pension taken care"}, {"start": "00:03:58", "end": "00:04:02", "text": "of and yada yada yada. The earlier you"}, {"start": "00:04:00", "end": "00:04:04", "text": "start the better because as you can see"}, {"start": "00:04:02", "end": "00:04:07", "text": "the time is really on your side here the"}, {"start": "00:04:04", "end": "00:04:09", "text": "longer you you have it. And this is the"}, {"start": "00:04:07", "end": "00:04:11", "text": "first step. The first step is to not be"}, {"start": "00:04:09", "end": "00:04:13", "text": "a poor pleb to have some kind of"}, {"start": "00:04:11", "end": "00:04:14", "text": "snowball that you start with. So you"}, {"start": "00:04:13", "end": "00:04:16", "text": "don't start snowball from scratch. Your"}, {"start": "00:04:14", "end": "00:04:18", "text": "snowball is not this small like $100 and"}, {"start": "00:04:16", "end": "00:04:20", "text": "you have you know snowball for a long"}, {"start": "00:04:18", "end": "00:04:24", "text": "time. The uh stock market only makes"}, {"start": "00:04:20", "end": "00:04:26", "text": "sense in case you have some kind of"}, {"start": "00:04:24", "end": "00:04:30", "text": "capital. Okay. I would say maybe above"}, {"start": "00:04:26", "end": "00:04:31", "text": "300k 400k you can put in. you can be I"}, {"start": "00:04:30", "end": "00:04:33", "text": "you don't have to think about too much"}, {"start": "00:04:31", "end": "00:04:34", "text": "else when it comes to retirement and so"}, {"start": "00:04:33", "end": "00:04:35", "text": "forth. In case you have a few decades in"}, {"start": "00:04:34", "end": "00:04:38", "text": "front of you, you can let it grow. So"}, {"start": "00:04:35", "end": "00:04:40", "text": "that's number one. So the first step is"}, {"start": "00:04:38", "end": "00:04:42", "text": "to get to that point. So here's where"}, {"start": "00:04:40", "end": "00:04:44", "text": "you need to be able to trade in a risk"}, {"start": "00:04:42", "end": "00:04:45", "text": "adjusted way. We have big profits the"}, {"start": "00:04:44", "end": "00:04:47", "text": "book you can go to bullmay.com for"}, {"start": "00:04:45", "end": "00:04:49", "text": "mechanical rules. You need to take more"}, {"start": "00:04:47", "end": "00:04:52", "text": "risk. You take more risk and to grow"}, {"start": "00:04:49", "end": "00:04:54", "text": "your portfolio. Now here's the"}, {"start": "00:04:52", "end": "00:04:58", "text": "interesting thing. What happens? What"}, {"start": "00:04:54", "end": "00:05:01", "text": "happens if you blow up? If you blow up,"}, {"start": "00:04:58", "end": "00:05:03", "text": "you crash 70%. We have a simulation"}, {"start": "00:05:01", "end": "00:05:06", "text": "right here. Let's click the button. Are"}, {"start": "00:05:03", "end": "00:05:10", "text": "you guys ready? What happens? Boop. Your"}, {"start": "00:05:06", "end": "00:05:13", "text": "returns go from 22 million to 6 million."}, {"start": "00:05:10", "end": "00:05:15", "text": "If you have a crash of 70% in any year"}, {"start": "00:05:13", "end": "00:05:18", "text": "here,"}, {"start": "00:05:15", "end": "00:05:21", "text": "um you can click around. Your returns"}, {"start": "00:05:18", "end": "00:05:23", "text": "drop from 22 to 6 million. So obviously"}, {"start": "00:05:21", "end": "00:05:25", "text": "quite a massive fall. And this is the"}, {"start": "00:05:23", "end": "00:05:27", "text": "thing your compound whatever you've lost"}, {"start": "00:05:25", "end": "00:05:28", "text": "your compound you've not only lost the"}, {"start": "00:05:27", "end": "00:05:31", "text": "amount you also lost all the future"}, {"start": "00:05:28", "end": "00:05:34", "text": "compounding on it you understand let's"}, {"start": "00:05:31", "end": "00:05:39", "text": "say you have 100k and you go from 100 to"}, {"start": "00:05:34", "end": "00:05:43", "text": "30k you lost 70k but no you lost 70k"}, {"start": "00:05:39", "end": "00:05:45", "text": "times 8% for every year that passes one"}, {"start": "00:05:43", "end": "00:05:47", "text": "way to get depressed in this market when"}, {"start": "00:05:45", "end": "00:05:51", "text": "you realize man I lost so much money in"}, {"start": "00:05:47", "end": "00:05:54", "text": "altcoins no no no bro you didn't lose"}, {"start": "00:05:51", "end": "00:05:56", "text": "that amount whatever it is 50K 70K you"}, {"start": "00:05:54", "end": "00:05:57", "text": "guys let me know in the comment section"}, {"start": "00:05:56", "end": "00:06:00", "text": "if you want to get really depressed you"}, {"start": "00:05:57", "end": "00:06:02", "text": "think that holy crap I lost that amount"}, {"start": "00:06:00", "end": "00:06:04", "text": "and it could have given me 8% per year"}, {"start": "00:06:02", "end": "00:06:08", "text": "just normal stock market returns average"}, {"start": "00:06:04", "end": "00:06:10", "text": "long-term stock market return 8% okay so"}, {"start": "00:06:08", "end": "00:06:13", "text": "that's number one number two here is the"}, {"start": "00:06:10", "end": "00:06:16", "text": "the crushing part most people that uh"}, {"start": "00:06:13", "end": "00:06:17", "text": "lose that lose in all coins it's not you"}, {"start": "00:06:16", "end": "00:06:19", "text": "know that you know just one year they"}, {"start": "00:06:17", "end": "00:06:21", "text": "lose and boop then they're back no my"}, {"start": "00:06:19", "end": "00:06:25", "text": "man it's not one year you think it's one"}, {"start": "00:06:21", "end": "00:06:28", "text": "That would be very nice. Normally it is"}, {"start": "00:06:25", "end": "00:06:30", "text": "four years, 5 years mental prison. In"}, {"start": "00:06:28", "end": "00:06:33", "text": "the first year it goes down 70%, then it"}, {"start": "00:06:30", "end": "00:06:35", "text": "grinds lower lower for another three"}, {"start": "00:06:33", "end": "00:06:36", "text": "years and then maybe then you know bull"}, {"start": "00:06:35", "end": "00:06:39", "text": "market comes it maybe comes back a bit"}, {"start": "00:06:36", "end": "00:06:42", "text": "but then yeah most never come back. So"}, {"start": "00:06:39", "end": "00:06:45", "text": "this is where this is where you turn on"}, {"start": "00:06:42", "end": "00:06:47", "text": "this five years sideways simulate five"}, {"start": "00:06:45", "end": "00:06:50", "text": "years of a sideways uh move. You click"}, {"start": "00:06:47", "end": "00:06:53", "text": "boop and bam. Now your returns went from"}, {"start": "00:06:50", "end": "00:06:57", "text": "22 million to 4 million. Okay, this is"}, {"start": "00:06:53", "end": "00:06:59", "text": "why as you understand for us we're here"}, {"start": "00:06:57", "end": "00:07:01", "text": "to catch the majority of the move. Okay,"}, {"start": "00:06:59", "end": "00:07:04", "text": "we need to know that we are in bull"}, {"start": "00:07:01", "end": "00:07:07", "text": "trend before we do anything. Okay. Uh if"}, {"start": "00:07:04", "end": "00:07:10", "text": "you remember here back in 2022, we had"}, {"start": "00:07:07", "end": "00:07:12", "text": "we had limit orders set here but uh not"}, {"start": "00:07:10", "end": "00:07:15", "text": "a lot like the the the big part came"}, {"start": "00:07:12", "end": "00:07:19", "text": "here in a in a bull flip. The same thing"}, {"start": "00:07:15", "end": "00:07:22", "text": "is is right now there is no reason to be"}, {"start": "00:07:19", "end": "00:07:24", "text": "bullish until you have a nice bull"}, {"start": "00:07:22", "end": "00:07:25", "text": "trend. So that's number one. How do we"}, {"start": "00:07:24", "end": "00:07:28", "text": "know it's a bull trend? You have two"}, {"start": "00:07:25", "end": "00:07:31", "text": "options again. Either you go from higher"}, {"start": "00:07:28", "end": "00:07:32", "text": "low higher low higher lower into uh"}, {"start": "00:07:31", "end": "00:07:35", "text": "sorry into lower high lower high into"}, {"start": "00:07:32", "end": "00:07:38", "text": "into a um higher higher higher high."}, {"start": "00:07:35", "end": "00:07:40", "text": "Okay, that's one way. And another way is"}, {"start": "00:07:38", "end": "00:07:42", "text": "if you use something like the money line"}, {"start": "00:07:40", "end": "00:07:45", "text": "and the money line could come down here"}, {"start": "00:07:42", "end": "00:07:47", "text": "in the coming weeks. And if that turns"}, {"start": "00:07:45", "end": "00:07:49", "text": "bullish, that's another way to know that"}, {"start": "00:07:47", "end": "00:07:51", "text": "you're in a in a bull trend. So"}, {"start": "00:07:49", "end": "00:07:53", "text": "sometimes money line will tell you"}, {"start": "00:07:51", "end": "00:07:55", "text": "beforehand. I mean even now you see mine"}, {"start": "00:07:53", "end": "00:07:59", "text": "line is now at 91 and it's coming down"}, {"start": "00:07:55", "end": "00:08:02", "text": "like every week like this and it is"}, {"start": "00:07:59", "end": "00:08:06", "text": "below the level at which would actually"}, {"start": "00:08:02", "end": "00:08:09", "text": "be creating uh higher high. Okay. So"}, {"start": "00:08:06", "end": "00:08:12", "text": "these are the two ways. Uh now how can"}, {"start": "00:08:09", "end": "00:08:13", "text": "it be? What is the scenario where 60k is"}, {"start": "00:08:12", "end": "00:08:16", "text": "the bottom? Because there are such"}, {"start": "00:08:13", "end": "00:08:18", "text": "scenarios where 60k was the bottom and"}, {"start": "00:08:16", "end": "00:08:20", "text": "we go into bull trend. I mean number one"}, {"start": "00:08:18", "end": "00:08:23", "text": "if we just pump like this u uh into bull"}, {"start": "00:08:20", "end": "00:08:25", "text": "trend now but also if it just passes"}, {"start": "00:08:23", "end": "00:08:27", "text": "more time is a very important component"}, {"start": "00:08:25", "end": "00:08:28", "text": "because this thing it goes down through"}, {"start": "00:08:27", "end": "00:08:30", "text": "time like the bull flip goes down"}, {"start": "00:08:28", "end": "00:08:33", "text": "through time. So just by having more"}, {"start": "00:08:30", "end": "00:08:35", "text": "time around here, you know, derping"}, {"start": "00:08:33", "end": "00:08:37", "text": "around here, it would be easier and"}, {"start": "00:08:35", "end": "00:08:42", "text": "easier for us to go into into bull"}, {"start": "00:08:37", "end": "00:08:45", "text": "trends. So is there a likely chance of"}, {"start": "00:08:42", "end": "00:08:46", "text": "60K being the bottom later this year? If"}, {"start": "00:08:45", "end": "00:08:51", "text": "we're still at around this, you know,"}, {"start": "00:08:46", "end": "00:08:53", "text": "70K, 66, 72, it could absolutely be the"}, {"start": "00:08:51", "end": "00:08:55", "text": "bottom because bottoming and and cycles"}, {"start": "00:08:53", "end": "00:08:57", "text": "have two components. The price is number"}, {"start": "00:08:55", "end": "00:08:59", "text": "one, how far we fell and then the time"}, {"start": "00:08:57", "end": "00:09:02", "text": "is another one. Sometimes you just have"}, {"start": "00:08:59", "end": "00:09:04", "text": "to grind for quite some time. So this is"}, {"start": "00:09:02", "end": "00:09:07", "text": "the answer to what people asking I have"}, {"start": "00:09:04", "end": "00:09:10", "text": "an 60k at the bottom currently very"}, {"start": "00:09:07", "end": "00:09:13", "text": "unlikely but the more time passes the"}, {"start": "00:09:10", "end": "00:09:15", "text": "more likely it becomes. Okay very"}, {"start": "00:09:13", "end": "00:09:17", "text": "important now should we break here and"}, {"start": "00:09:15", "end": "00:09:21", "text": "close the the week above kind of like"}, {"start": "00:09:17", "end": "00:09:24", "text": "now you could see a trade here of 16% to"}, {"start": "00:09:21", "end": "00:09:27", "text": "the upside. It's 16% just a spot. But"}, {"start": "00:09:24", "end": "00:09:28", "text": "yeah, with leverage is more. Um, but the"}, {"start": "00:09:27", "end": "00:09:30", "text": "problem is still that it's a big"}, {"start": "00:09:28", "end": "00:09:33", "text": "resistance here. Should it top out here,"}, {"start": "00:09:30", "end": "00:09:35", "text": "it's just another lower high. It was"}, {"start": "00:09:33", "end": "00:09:37", "text": "just another lower high. So trends are"}, {"start": "00:09:35", "end": "00:09:39", "text": "super simple, but man, emotion emotion"}, {"start": "00:09:37", "end": "00:09:41", "text": "is not simple. I I I see it now every"}, {"start": "00:09:39", "end": "00:09:43", "text": "day. People are super emotional. Like"}, {"start": "00:09:41", "end": "00:09:45", "text": "the fact that we are uh up three weeks"}, {"start": "00:09:43", "end": "00:09:48", "text": "in a row, people are super emotional. So"}, {"start": "00:09:45", "end": "00:09:50", "text": "that's the game plan for us. And yeah,"}, {"start": "00:09:48", "end": "00:09:52", "text": "never forget the long-term view here."}, {"start": "00:09:50", "end": "00:09:55", "text": "And you need to understand the uh the"}, {"start": "00:09:52", "end": "00:09:58", "text": "baseline like this is the baseline. And"}, {"start": "00:09:55", "end": "00:10:01", "text": "the ideally like the ideal game plan is"}, {"start": "00:09:58", "end": "00:10:05", "text": "that the earlier you have a few hundredk"}, {"start": "00:10:01", "end": "00:10:08", "text": "that you can just put in in um u normal"}, {"start": "00:10:05", "end": "00:10:10", "text": "markets in trady and not worry about it"}, {"start": "00:10:08", "end": "00:10:12", "text": "too much. Uh the earlier you get there"}, {"start": "00:10:10", "end": "00:10:16", "text": "the the better like crypto and all of"}, {"start": "00:10:12", "end": "00:10:19", "text": "that. The goal of that is to create nice"}, {"start": "00:10:16", "end": "00:10:22", "text": "beginning portfolio and then you can uh"}, {"start": "00:10:19", "end": "00:10:25", "text": "yeah you can just write the the uh more"}, {"start": "00:10:22", "end": "00:10:27", "text": "or less more or less guaranteed return"}, {"start": "00:10:25", "end": "00:10:28", "text": "which is the standard long-term return."}, {"start": "00:10:27", "end": "00:10:31", "text": "It's not guaranteed that it's going to"}, {"start": "00:10:28", "end": "00:10:33", "text": "be every year. sometimes again in minus"}, {"start": "00:10:31", "end": "00:10:35", "text": "30% NASDAQ can have S&P can have easily"}, {"start": "00:10:33", "end": "00:10:37", "text": "but if you average out long-term is"}, {"start": "00:10:35", "end": "00:10:39", "text": "approximately there and you can still do"}, {"start": "00:10:37", "end": "00:10:41", "text": "it if you want you can do it on chain"}, {"start": "00:10:39", "end": "00:10:42", "text": "like there is there's D5 there's all"}, {"start": "00:10:41", "end": "00:10:44", "text": "kinds of stuff doesn't mean that you"}, {"start": "00:10:42", "end": "00:10:47", "text": "need to use stratfire for that you can"}, {"start": "00:10:44", "end": "00:10:49", "text": "still be in crypto but um uh at some"}, {"start": "00:10:47", "end": "00:10:52", "text": "point it's important for everyone to"}, {"start": "00:10:49", "end": "00:10:56", "text": "think about how you transition from uh"}, {"start": "00:10:52", "end": "00:10:58", "text": "risk on to just uh riding this because"}, {"start": "00:10:56", "end": "00:11:01", "text": "this like you know not many cryptos can"}, {"start": "00:10:58", "end": "00:11:04", "text": "actually compete with this over the long"}, {"start": "00:11:01", "end": "00:11:06", "text": "term. Let's say you you have a few"}, {"start": "00:11:04", "end": "00:11:09", "text": "hundredk like the you know the if you if"}, {"start": "00:11:06", "end": "00:11:14", "text": "you look at the growth here just having"}, {"start": "00:11:09", "end": "00:11:15", "text": "it in stratifi uh in in normal stons"}, {"start": "00:11:14", "end": "00:11:18", "text": "not too many cryptos can can compete"}, {"start": "00:11:15", "end": "00:11:20", "text": "with it. So that's an important switch"}, {"start": "00:11:18", "end": "00:11:21", "text": "because the opposite happens a lot of"}, {"start": "00:11:20", "end": "00:11:25", "text": "times people come home with you know a"}, {"start": "00:11:21", "end": "00:11:27", "text": "million they're left with 100k in crypto"}, {"start": "00:11:25", "end": "00:11:28", "text": "because of alt and all of that. So"}, {"start": "00:11:27", "end": "00:11:32", "text": "important to know when you transition"}, {"start": "00:11:28", "end": "00:11:35", "text": "from risk on just not being poor pleb to"}, {"start": "00:11:32", "end": "00:11:38", "text": "being able to have either all portfolio"}, {"start": "00:11:35", "end": "00:11:40", "text": "or part of the portfolio in this risk"}, {"start": "00:11:38", "end": "00:11:42", "text": "adjusted port portfolio creation where"}, {"start": "00:11:40", "end": "00:11:46", "text": "it's yeah you you basically take care of"}, {"start": "00:11:42", "end": "00:11:49", "text": "this of your of your retirement of your"}, {"start": "00:11:46", "end": "00:11:51", "text": "uh expenses uh just by having the"}, {"start": "00:11:49", "end": "00:11:53", "text": "compounding work for you and that's"}, {"start": "00:11:51", "end": "00:11:55", "text": "literally what Warren Buffett did I mean"}, {"start": "00:11:53", "end": "00:11:57", "text": "literally literally he had fantastic"}, {"start": "00:11:55", "end": "00:11:59", "text": "performance"}, {"start": "00:11:57", "end": "00:12:00", "text": "built up the initial snowball. But if"}, {"start": "00:11:59", "end": "00:12:04", "text": "you look at Warren Buffett performance"}, {"start": "00:12:00", "end": "00:12:07", "text": "over the past u 20 years, even 30 years,"}, {"start": "00:12:04", "end": "00:12:09", "text": "not too great. I mean just standard"}, {"start": "00:12:07", "end": "00:12:12", "text": "standard compounding something like"}, {"start": "00:12:09", "end": "00:12:14", "text": "this. And most of his money is made in"}, {"start": "00:12:12", "end": "00:12:15", "text": "the last 30 years. Okay. Fascinating,"}, {"start": "00:12:14", "end": "00:12:17", "text": "man. Fascinating. Fascinating."}, {"start": "00:12:15", "end": "00:12:19", "text": "Fascinating."}, {"start": "00:12:17", "end": "00:12:21", "text": "Goodman, how do you get 100K? Start with"}, {"start": "00:12:19", "end": "00:12:25", "text": "a million and trade crypto emotionally"}, {"start": "00:12:21", "end": "00:12:28", "text": "100%. Exactly. Exactly. So"}, {"start": "00:12:25", "end": "00:12:31", "text": "I'm I'm myself I'm getting more and more"}, {"start": "00:12:28", "end": "00:12:33", "text": "fascinated with this uh um uh with with"}, {"start": "00:12:31", "end": "00:12:36", "text": "this two two-tier approach two-step"}, {"start": "00:12:33", "end": "00:12:38", "text": "approach. We have big profits as the how"}, {"start": "00:12:36", "end": "00:12:40", "text": "to get rich. This all about crypto"}, {"start": "00:12:38", "end": "00:12:41", "text": "trading, how to trade shitcoins, how to"}, {"start": "00:12:40", "end": "00:12:45", "text": "ensure that you have risk adjusted the"}, {"start": "00:12:41", "end": "00:12:47", "text": "best everything. But um just looking at"}, {"start": "00:12:45", "end": "00:12:50", "text": "how many people have gone through the"}, {"start": "00:12:47", "end": "00:12:52", "text": "reverse where they had nice portfolio"}, {"start": "00:12:50", "end": "00:12:55", "text": "like you know 500k. I just had a guy uh"}, {"start": "00:12:52", "end": "00:12:58", "text": "yesterday say that he invested 350k in"}, {"start": "00:12:55", "end": "00:13:01", "text": "in pulse and now he has like 7k or"}, {"start": "00:12:58", "end": "00:13:06", "text": "something like that. And you know 350K"}, {"start": "00:13:01", "end": "00:13:12", "text": "if you put in 350K let's say here um you"}, {"start": "00:13:06", "end": "00:13:15", "text": "know in 10 years that would be like 800"}, {"start": "00:13:12", "end": "00:13:16", "text": "okay in 10 years it would be like 7800"}, {"start": "00:13:15", "end": "00:13:19", "text": "just normal stock market you don't do"}, {"start": "00:13:16", "end": "00:13:22", "text": "anything crazy in 10 years"}, {"start": "00:13:19", "end": "00:13:24", "text": "in 20 years you put in 300k it is 1.5"}, {"start": "00:13:22", "end": "00:13:27", "text": "million"}, {"start": "00:13:24", "end": "00:13:29", "text": "okay just doing nothing you know just"}, {"start": "00:13:27", "end": "00:13:30", "text": "buying freaking S&P enjoying your life,"}, {"start": "00:13:29", "end": "00:13:33", "text": "not being in freaking telegrams, not"}, {"start": "00:13:30", "end": "00:13:37", "text": "being in freaking Twitter communities or"}, {"start": "00:13:33", "end": "00:13:39", "text": "other crap, okay? Just doing that. So,"}, {"start": "00:13:37", "end": "00:13:43", "text": "this is the the time to learn from the"}, {"start": "00:13:39", "end": "00:13:45", "text": "bear, time to learn from how it can how"}, {"start": "00:13:43", "end": "00:13:46", "text": "it can really mess up your your journey"}, {"start": "00:13:45", "end": "00:13:49", "text": "and um yeah, hope you understand the"}, {"start": "00:13:46", "end": "00:13:51", "text": "philosophy because it uh you need to"}, {"start": "00:13:49", "end": "00:13:53", "text": "understand it end to end otherwise"}, {"start": "00:13:51", "end": "00:13:55", "text": "people like, \"Oh, no, I'm you you should"}, {"start": "00:13:53", "end": "00:13:58", "text": "try to buy.\" Listen, I want risk"}, {"start": "00:13:55", "end": "00:14:01", "text": "adjusted meat of the bone of the bull."}, {"start": "00:13:58", "end": "00:14:04", "text": "Okay, that's it. That's it. I don't want"}, {"start": "00:14:01", "end": "00:14:07", "text": "to mess up the long-term performance of"}, {"start": "00:14:04", "end": "00:14:10", "text": "the portfolio. That's why we are only"}, {"start": "00:14:07", "end": "00:14:12", "text": "interested in things that are green."}, {"start": "00:14:10", "end": "00:14:14", "text": "Green like a leprechaun. Green like a"}, {"start": "00:14:12", "end": "00:14:16", "text": "leprechaun. And how do you see things"}, {"start": "00:14:14", "end": "00:14:20", "text": "that are green? Of course, you can just"}, {"start": "00:14:16", "end": "00:14:22", "text": "blindly stare at uh crypto charts, but"}, {"start": "00:14:20", "end": "00:14:24", "text": "crypto in the midterm year is just not"}, {"start": "00:14:22", "end": "00:14:26", "text": "that interesting. Instead, you have all"}, {"start": "00:14:24", "end": "00:14:28", "text": "other assets. Just looking at the US"}, {"start": "00:14:26", "end": "00:14:31", "text": "stock market things that went bullish in"}, {"start": "00:14:28", "end": "00:14:34", "text": "the last few months. You have this new"}, {"start": "00:14:31", "end": "00:14:36", "text": "era digital energy whatever it is do you"}, {"start": "00:14:34", "end": "00:14:40", "text": "need to know it? You don't really need"}, {"start": "00:14:36", "end": "00:14:42", "text": "to know what it is but but but but it is"}, {"start": "00:14:40", "end": "00:14:45", "text": "having this kind of uh performance just"}, {"start": "00:14:42", "end": "00:14:48", "text": "in the last uh yeah I mean you see"}, {"start": "00:14:45", "end": "00:14:49", "text": "yourself uh fantastic returns also you"}, {"start": "00:14:48", "end": "00:14:53", "text": "remember SanDisk we were discussing"}, {"start": "00:14:49", "end": "00:14:57", "text": "SanDisk um here during the last few uh"}, {"start": "00:14:53", "end": "00:15:01", "text": "few months uh this one has been crazy"}, {"start": "00:14:57", "end": "00:15:03", "text": "this one has been crazy crazy crazy bull"}, {"start": "00:15:01", "end": "00:15:06", "text": "trend fantastic then turned bare for a"}, {"start": "00:15:03", "end": "00:15:09", "text": "while and And then bolt and bam."}, {"start": "00:15:06", "end": "00:15:11", "text": "Fantastic. Fantastic. Fantastic. And"}, {"start": "00:15:09", "end": "00:15:14", "text": "this performance is Yeah, it's it's"}, {"start": "00:15:11", "end": "00:15:16", "text": "quite crazy. And this is SanDisk. This"}, {"start": "00:15:14", "end": "00:15:19", "text": "is uh"}, {"start": "00:15:16", "end": "00:15:21", "text": "nothing too complex."}, {"start": "00:15:19", "end": "00:15:24", "text": "You remember I remember buying SanDisk"}, {"start": "00:15:21", "end": "00:15:25", "text": "SD card when I was like 8 years old."}, {"start": "00:15:24", "end": "00:15:29", "text": "Okay."}, {"start": "00:15:25", "end": "00:15:31", "text": "Uh yeah, you look here. You need to be"}, {"start": "00:15:29", "end": "00:15:32", "text": "in bull trends, guys. And it doesn't"}, {"start": "00:15:31", "end": "00:15:33", "text": "mean that you have little profit. It"}, {"start": "00:15:32", "end": "00:15:36", "text": "just means that you have good risk"}, {"start": "00:15:33", "end": "00:15:39", "text": "adjusted profit. Okay, you have a good"}, {"start": "00:15:36", "end": "00:15:42", "text": "fantastic risk adjusted profit. Uh and"}, {"start": "00:15:39", "end": "00:15:44", "text": "currently that is in"}, {"start": "00:15:42", "end": "00:15:46", "text": "uh US stocks. It's a lot. It's a lot."}, {"start": "00:15:44", "end": "00:15:48", "text": "It's a lot. Uh let's check UK. What's"}, {"start": "00:15:46", "end": "00:15:50", "text": "happening in the UK? What has been"}, {"start": "00:15:48", "end": "00:15:52", "text": "pumping? What what is bullish? I mean a"}, {"start": "00:15:50", "end": "00:15:54", "text": "bit less pump, but you have a bit here"}, {"start": "00:15:52", "end": "00:15:57", "text": "as well. Let's check EU. What's"}, {"start": "00:15:54", "end": "00:16:01", "text": "happening? Anything EU?"}, {"start": "00:15:57", "end": "00:16:04", "text": "Millcom. Milliccom 300% in the last year"}, {"start": "00:16:01", "end": "00:16:07", "text": "since the bull flip. Um, a few other"}, {"start": "00:16:04", "end": "00:16:11", "text": "ones. Nordia, there you go. Swedish bank"}, {"start": "00:16:07", "end": "00:16:12", "text": "in the last year up 100%. There you go."}, {"start": "00:16:11", "end": "00:16:14", "text": "You got to be in bull bull trends. Let's"}, {"start": "00:16:12", "end": "00:16:16", "text": "check Germany. We could check China, but"}, {"start": "00:16:14", "end": "00:16:18", "text": "it's a it's a lot of random stuff here."}, {"start": "00:16:16", "end": "00:16:21", "text": "Yeah, it pumps a lot. But it's uh, you"}, {"start": "00:16:18", "end": "00:16:23", "text": "know, Gong Joe Industrial,"}, {"start": "00:16:21", "end": "00:16:25", "text": "Hunan, G, Micro Electronics. It's"}, {"start": "00:16:23", "end": "00:16:26", "text": "actually quite a lot of stuff here, but"}, {"start": "00:16:25", "end": "00:16:29", "text": "you need to have special brokers to be"}, {"start": "00:16:26", "end": "00:16:30", "text": "able to trade them. But, um, if you have"}, {"start": "00:16:29", "end": "00:16:32", "text": "Bulmania, if you have access to the"}, {"start": "00:16:30", "end": "00:16:35", "text": "Bulmania terminal that I show you now,"}, {"start": "00:16:32", "end": "00:16:36", "text": "the money scanner as we call it, uh,"}, {"start": "00:16:35", "end": "00:16:38", "text": "check with your broker if they have"}, {"start": "00:16:36", "end": "00:16:39", "text": "China, if they're Chinese, because a lot"}, {"start": "00:16:38", "end": "00:16:41", "text": "of things are happening in China. A lot"}, {"start": "00:16:39", "end": "00:16:45", "text": "lot. Let's see Germany. What's"}, {"start": "00:16:41", "end": "00:16:48", "text": "happening? 100% Eon. Yeah, if you Yeah."}, {"start": "00:16:45", "end": "00:16:49", "text": "No, not too much actually. M Germany. I"}, {"start": "00:16:48", "end": "00:16:50", "text": "don't know what you guys are doing"}, {"start": "00:16:49", "end": "00:16:51", "text": "there. It's not It's not too much"}, {"start": "00:16:50", "end": "00:16:54", "text": "actually. It's like, you know, if you"}, {"start": "00:16:51", "end": "00:16:56", "text": "want and that's it. That's it."}, {"start": "00:16:54", "end": "00:16:58", "text": "That's it. Yeah, not too much actually."}, {"start": "00:16:56", "end": "00:17:02", "text": "France."}, {"start": "00:16:58", "end": "00:17:03", "text": "What's happening in France? A few. Yeah,"}, {"start": "00:17:02", "end": "00:17:04", "text": "not too much either. Yeah, I see Europe."}, {"start": "00:17:03", "end": "00:17:06", "text": "It's not too much. They have like one,"}, {"start": "00:17:04", "end": "00:17:08", "text": "two, then that did something good and"}, {"start": "00:17:06", "end": "00:17:10", "text": "then"}, {"start": "00:17:08", "end": "00:17:12", "text": "let's see South Korea. Samsung here. Do"}, {"start": "00:17:10", "end": "00:17:14", "text": "we see it? Yeah, here. South Korea a"}, {"start": "00:17:12", "end": "00:17:16", "text": "lot. A lot lot. Here's Samsung. Samsung"}, {"start": "00:17:14", "end": "00:17:18", "text": "electrome mechanics. Samsung has like"}, {"start": "00:17:16", "end": "00:17:20", "text": "five, 10, 20 different companies here on"}, {"start": "00:17:18", "end": "00:17:22", "text": "this list. So guys, that's that's the"}, {"start": "00:17:20", "end": "00:17:23", "text": "first part of the show. just for you to"}, {"start": "00:17:22", "end": "00:17:27", "text": "understand that you have to be in the"}, {"start": "00:17:23", "end": "00:17:30", "text": "bull tread. Very important. The problem"}, {"start": "00:17:27", "end": "00:17:33", "text": "with having bearish assets with uh you"}, {"start": "00:17:30", "end": "00:17:35", "text": "know doing anything uh fancy outside of"}, {"start": "00:17:33", "end": "00:17:39", "text": "trusting the trend, the problem is your"}, {"start": "00:17:35", "end": "00:17:41", "text": "portfolio long-term understanding this"}, {"start": "00:17:39", "end": "00:17:43", "text": "when you get to a few hundredk you"}, {"start": "00:17:41", "end": "00:17:45", "text": "really have to use your brain. Okay? You"}, {"start": "00:17:43", "end": "00:17:48", "text": "have to use your brain kind of in a big"}, {"start": "00:17:45", "end": "00:17:51", "text": "way. Okay? uh because you have a way to"}, {"start": "00:17:48", "end": "00:17:55", "text": "financial freedom just by not doing too"}, {"start": "00:17:51", "end": "00:17:56", "text": "much. Okay? And uh especially if you're"}, {"start": "00:17:55", "end": "00:17:58", "text": "younger, you have to understand the"}, {"start": "00:17:56", "end": "00:18:02", "text": "compounding. Let's say you're in in the"}, {"start": "00:17:58", "end": "00:18:04", "text": "30s, in the 40s, you have decades of"}, {"start": "00:18:02", "end": "00:18:07", "text": "compounding in front of you. And as you"}, {"start": "00:18:04", "end": "00:18:09", "text": "can see, the compounding really blasts"}, {"start": "00:18:07", "end": "00:18:11", "text": "off here after, you know, 50 depending"}, {"start": "00:18:09", "end": "00:18:13", "text": "on when you start. Let's say the initial"}, {"start": "00:18:11", "end": "00:18:17", "text": "capital. Let's say starting capital is"}, {"start": "00:18:13", "end": "00:18:18", "text": "you have collected 300K."}, {"start": "00:18:17", "end": "00:18:20", "text": "Okay."}, {"start": "00:18:18", "end": "00:18:23", "text": "And let's say I don't know how much time"}, {"start": "00:18:20", "end": "00:18:24", "text": "you have uh still here uh with us. Let's"}, {"start": "00:18:23", "end": "00:18:29", "text": "say you're okay. Let's say you're in"}, {"start": "00:18:24", "end": "00:18:32", "text": "your 30s. You have maybe 50 years to go."}, {"start": "00:18:29", "end": "00:18:37", "text": "Your 300K inflation adjusted is going to"}, {"start": "00:18:32", "end": "00:18:39", "text": "be 20 million in 50 years. Okay?"}, {"start": "00:18:37", "end": "00:18:42", "text": "Do you understand? This this is where"}, {"start": "00:18:39", "end": "00:18:44", "text": "you need to use the brain"}, {"start": "00:18:42", "end": "00:18:46", "text": "because many people do do the other way."}, {"start": "00:18:44", "end": "00:18:48", "text": "They take too much risk with the capital"}, {"start": "00:18:46", "end": "00:18:50", "text": "that basically is their pension if they"}, {"start": "00:18:48", "end": "00:18:52", "text": "if they put it in normal markets. And"}, {"start": "00:18:50", "end": "00:18:54", "text": "not only pension, man. You have you have"}, {"start": "00:18:52", "end": "00:18:56", "text": "10 plus million. Okay. When you're 80"}, {"start": "00:18:54", "end": "00:18:58", "text": "just doing freaking nothing, is there"}, {"start": "00:18:56", "end": "00:19:00", "text": "still room for speculation? Of course,"}, {"start": "00:18:58", "end": "00:19:04", "text": "man. Of course you can put 10% trade"}, {"start": "00:19:00", "end": "00:19:06", "text": "cryptos. Fantastic. So that's that guys."}, {"start": "00:19:04", "end": "00:19:08", "text": "Let's let's switch gears a bit. Let's go"}, {"start": "00:19:06", "end": "00:19:11", "text": "to uh the markets overall. Let's check"}, {"start": "00:19:08", "end": "00:19:12", "text": "at um let's check stretch. People speak"}, {"start": "00:19:11", "end": "00:19:15", "text": "about stretch. People say I will comment"}, {"start": "00:19:12", "end": "00:19:17", "text": "on stretch. So stretch currently is not"}, {"start": "00:19:15", "end": "00:19:20", "text": "buying any bitcoin. So yesterday it was"}, {"start": "00:19:17", "end": "00:19:22", "text": "zero. Day before that it was also zero."}, {"start": "00:19:20", "end": "00:19:25", "text": "Why is it zero? Why is it zero? Because"}, {"start": "00:19:22", "end": "00:19:26", "text": "they are below 100. And this website is"}, {"start": "00:19:25", "end": "00:19:29", "text": "quite interesting because here they also"}, {"start": "00:19:26", "end": "00:19:33", "text": "have statistics how long time it took to"}, {"start": "00:19:29", "end": "00:19:36", "text": "go from uh from below 100 to 100 after"}, {"start": "00:19:33", "end": "00:19:39", "text": "each ex dividend day. So as you know,"}, {"start": "00:19:36", "end": "00:19:42", "text": "Stretch gets a lot of buy pressure right"}, {"start": "00:19:39", "end": "00:19:44", "text": "before the dividend is is captured. So"}, {"start": "00:19:42", "end": "00:19:46", "text": "you need to hold Stretch around the 15th"}, {"start": "00:19:44", "end": "00:19:48", "text": "of each month to get the dividend. So"}, {"start": "00:19:46", "end": "00:19:51", "text": "people want the dividend, they buy a lot"}, {"start": "00:19:48", "end": "00:19:54", "text": "around the X dividend today, which is"}, {"start": "00:19:51", "end": "00:19:56", "text": "around the 15th and then it drops below"}, {"start": "00:19:54", "end": "00:19:58", "text": "100. So people sell off, it drops below"}, {"start": "00:19:56", "end": "00:20:02", "text": "100. So we can see here that previously"}, {"start": "00:19:58", "end": "00:20:05", "text": "took 12 days to recover uh 7 days in in"}, {"start": "00:20:02", "end": "00:20:08", "text": "February uh one day in January. So"}, {"start": "00:20:05", "end": "00:20:12", "text": "within the coming 10 days or so we"}, {"start": "00:20:08", "end": "00:20:14", "text": "should get back to a position where um"}, {"start": "00:20:12", "end": "00:20:17", "text": "stretch is above 100 and when it's above"}, {"start": "00:20:14", "end": "00:20:20", "text": "then Michael Sailor can create new"}, {"start": "00:20:17", "end": "00:20:21", "text": "stretch dump on the market bring it back"}, {"start": "00:20:20", "end": "00:20:24", "text": "to 100 because their target is always"}, {"start": "00:20:21", "end": "00:20:27", "text": "100 and then the the capital that he"}, {"start": "00:20:24", "end": "00:20:29", "text": "uses uh that that he gets from from"}, {"start": "00:20:27", "end": "00:20:33", "text": "dumping it back to 100 is then used to"}, {"start": "00:20:29", "end": "00:20:35", "text": "buy Bitcoin. So until the like 1 of May"}, {"start": "00:20:33", "end": "00:20:38", "text": "or so, we should have the stretch buy"}, {"start": "00:20:35", "end": "00:20:40", "text": "pressure return. For now, it's zero."}, {"start": "00:20:38", "end": "00:20:42", "text": "It's zero. And I know personally like"}, {"start": "00:20:40", "end": "00:20:43", "text": "I'm not touching stretch. I'm not"}, {"start": "00:20:42", "end": "00:20:45", "text": "touching any of this treasury"}, {"start": "00:20:43", "end": "00:20:47", "text": "whatsoever. There's endless discussion"}, {"start": "00:20:45", "end": "00:20:49", "text": "to be had. Is it sustainable? Is it not"}, {"start": "00:20:47", "end": "00:20:50", "text": "sustainable? But it's not helpful. Like"}, {"start": "00:20:49", "end": "00:20:52", "text": "for us to discuss whether it's"}, {"start": "00:20:50", "end": "00:20:54", "text": "sustainable, it's not sustainable. It's"}, {"start": "00:20:52", "end": "00:20:57", "text": "not helpful. We just have to see are"}, {"start": "00:20:54", "end": "00:20:59", "text": "they pumping or are they not pumping."}, {"start": "00:20:57", "end": "00:21:00", "text": "You know, we don't want to be too much"}, {"start": "00:20:59", "end": "00:21:03", "text": "like the the midcurve, you know,"}, {"start": "00:21:00", "end": "00:21:06", "text": "sustainable, not leave that. Leave that."}, {"start": "00:21:03", "end": "00:21:06", "text": "We need to see"}, {"start": "00:21:06", "end": "00:21:11", "text": "how we how we make how we make money."}, {"start": "00:21:08", "end": "00:21:12", "text": "Okay? And we make money here not by"}, {"start": "00:21:11", "end": "00:21:15", "text": "debating too much if it's sustainable or"}, {"start": "00:21:12", "end": "00:21:17", "text": "not. Should they start collapsing, it's"}, {"start": "00:21:15", "end": "00:21:18", "text": "not like we're going to miss it. Not"}, {"start": "00:21:17", "end": "00:21:20", "text": "like we're going to miss it. Especially"}, {"start": "00:21:18", "end": "00:21:21", "text": "because we are, I know we're a bit"}, {"start": "00:21:20", "end": "00:21:22", "text": "critical. So, with our critical mind,"}, {"start": "00:21:21", "end": "00:21:24", "text": "it's not like we're going to miss it. I"}, {"start": "00:21:22", "end": "00:21:26", "text": "mean as long as there are there some"}, {"start": "00:21:24", "end": "00:21:28", "text": "issues with I mean the the the the doom"}, {"start": "00:21:26", "end": "00:21:33", "text": "scenario the doom scenario is in case"}, {"start": "00:21:28", "end": "00:21:38", "text": "Bitcoin goes to like 40 where um the the"}, {"start": "00:21:33", "end": "00:21:41", "text": "the common shareholders are at a loss."}, {"start": "00:21:38", "end": "00:21:44", "text": "Now there is still mav like 1.18. So"}, {"start": "00:21:41", "end": "00:21:46", "text": "when sailor"}, {"start": "00:21:44", "end": "00:21:49", "text": "uh creates new stretch"}, {"start": "00:21:46", "end": "00:21:51", "text": "he can sell common stock to be able to"}, {"start": "00:21:49", "end": "00:21:52", "text": "have money for the dividends for"}, {"start": "00:21:51", "end": "00:21:55", "text": "stretch. I mean that's how it works now"}, {"start": "00:21:52", "end": "00:22:00", "text": "but this only works in case you have"}, {"start": "00:21:55", "end": "00:22:02", "text": "mnav above one if mnav goes below one"}, {"start": "00:22:00", "end": "00:22:04", "text": "and if the market really ask sailor"}, {"start": "00:22:02", "end": "00:22:06", "text": "listen are you going to really sell"}, {"start": "00:22:04", "end": "00:22:10", "text": "bitcoin because he has to he doesn't"}, {"start": "00:22:06", "end": "00:22:11", "text": "have to sell any bitcoin if he can do uh"}, {"start": "00:22:10", "end": "00:22:14", "text": "more of the common stock and dump that"}, {"start": "00:22:11", "end": "00:22:17", "text": "instead but that only works if mav is"}, {"start": "00:22:14", "end": "00:22:20", "text": "above one if it's below one is a problem"}, {"start": "00:22:17", "end": "00:22:22", "text": "but listen let's leave this this topic"}, {"start": "00:22:20", "end": "00:22:24", "text": "whether it's sustainable or not, for the"}, {"start": "00:22:22", "end": "00:22:26", "text": "foreseeable future, it's going to be"}, {"start": "00:22:24", "end": "00:22:28", "text": "okay for the foreseeable future. So"}, {"start": "00:22:26", "end": "00:22:30", "text": "that's why we're just looking here at"}, {"start": "00:22:28", "end": "00:22:32", "text": "the"}, {"start": "00:22:30", "end": "00:22:34", "text": "uh the the buy pressure. How much buy"}, {"start": "00:22:32", "end": "00:22:38", "text": "pressure do they have? And currently"}, {"start": "00:22:34", "end": "00:22:41", "text": "zero. But if we look back at um uh yeah,"}, {"start": "00:22:38", "end": "00:22:43", "text": "when when the uh when the machine turns"}, {"start": "00:22:41", "end": "00:22:45", "text": "back on, it's around the first of each"}, {"start": "00:22:43", "end": "00:22:47", "text": "month when people are starting to get"}, {"start": "00:22:45", "end": "00:22:49", "text": "back into stretch to get to capture the"}, {"start": "00:22:47", "end": "00:22:52", "text": "dividend. And this buy pressure allows"}, {"start": "00:22:49", "end": "00:22:55", "text": "him to uh to sell stretch to create more"}, {"start": "00:22:52", "end": "00:22:57", "text": "stretch to sell it. And the proceeds are"}, {"start": "00:22:55", "end": "00:22:59", "text": "used for uh buying bitcoin. And then he"}, {"start": "00:22:57", "end": "00:23:02", "text": "sells common stock to have a bit of"}, {"start": "00:22:59", "end": "00:23:04", "text": "reserve for uh dividends that that he"}, {"start": "00:23:02", "end": "00:23:06", "text": "now has to pay. I mean each and every"}, {"start": "00:23:04", "end": "00:23:08", "text": "stock a stretch stock now he has to pay"}, {"start": "00:23:06", "end": "00:23:11", "text": "dividends basically forever. Te"}, {"start": "00:23:08", "end": "00:23:12", "text": "practically practically forever"}, {"start": "00:23:11", "end": "00:23:14", "text": "technically not forever because he can"}, {"start": "00:23:12", "end": "00:23:16", "text": "cancel dividends. Should he cancel"}, {"start": "00:23:14", "end": "00:23:18", "text": "dividends like this this whole house of"}, {"start": "00:23:16", "end": "00:23:21", "text": "card with stretch and everything then"}, {"start": "00:23:18", "end": "00:23:22", "text": "it's h it becomes problematic for the"}, {"start": "00:23:21", "end": "00:23:24", "text": "holders company is going to probably"}, {"start": "00:23:22", "end": "00:23:27", "text": "survive but for the holders of common"}, {"start": "00:23:24", "end": "00:23:29", "text": "stock for the holders of stretch"}, {"start": "00:23:27", "end": "00:23:32", "text": "is big risk is big risk should they"}, {"start": "00:23:29", "end": "00:23:35", "text": "cancel dividends at any point in stretch"}, {"start": "00:23:32", "end": "00:23:37", "text": "it's going to go from 100 very very fast"}, {"start": "00:23:35", "end": "00:23:39", "text": "down will the company survive they can"}, {"start": "00:23:37", "end": "00:23:40", "text": "still survive but that would be like"}, {"start": "00:23:39", "end": "00:23:43", "text": "emergency measure that they have to"}, {"start": "00:23:40", "end": "00:23:45", "text": "cancel dividends so companies surviving"}, {"start": "00:23:43", "end": "00:23:48", "text": "and you not blowing your your portfolio"}, {"start": "00:23:45", "end": "00:23:49", "text": "are two different things and uh they can"}, {"start": "00:23:48", "end": "00:23:50", "text": "happen at the same time. So you can blow"}, {"start": "00:23:49", "end": "00:23:53", "text": "your portfolio and the company can"}, {"start": "00:23:50", "end": "00:23:54", "text": "survive. You understand?"}, {"start": "00:23:53", "end": "00:23:56", "text": "So you need to understand your role as a"}, {"start": "00:23:54", "end": "00:23:57", "text": "holder because I know many people are"}, {"start": "00:23:56", "end": "00:23:59", "text": "like oh I have stretch I have this and"}, {"start": "00:23:57", "end": "00:24:02", "text": "that. We need to understand what is the"}, {"start": "00:23:59", "end": "00:24:05", "text": "risk because the risk is uh it's not"}, {"start": "00:24:02", "end": "00:24:06", "text": "like a bank that you get 10% and uh it's"}, {"start": "00:24:05", "end": "00:24:07", "text": "insured and everything and everything"}, {"start": "00:24:06", "end": "00:24:10", "text": "like the marketing says the risk is"}, {"start": "00:24:07", "end": "00:24:12", "text": "quite big. Should they stop the dividend"}, {"start": "00:24:10", "end": "00:24:15", "text": "like this? Okay."}, {"start": "00:24:12", "end": "00:24:17", "text": "Uh but anyway, we for for us as"}, {"start": "00:24:15", "end": "00:24:20", "text": "outsiders, the only thing we really care"}, {"start": "00:24:17", "end": "00:24:22", "text": "about is uh how much they buy per day"}, {"start": "00:24:20", "end": "00:24:25", "text": "and uh when it ramps up because we can"}, {"start": "00:24:22", "end": "00:24:28", "text": "basically see that uh the ramp up in"}, {"start": "00:24:25", "end": "00:24:31", "text": "buying likely is going to be reflected"}, {"start": "00:24:28", "end": "00:24:33", "text": "in the chart right here just like it was"}, {"start": "00:24:31", "end": "00:24:36", "text": "right here and just like it was right"}, {"start": "00:24:33", "end": "00:24:38", "text": "here around the 15th each each month."}, {"start": "00:24:36", "end": "00:24:40", "text": "That's where the crescendo is. Buying is"}, {"start": "00:24:38", "end": "00:24:44", "text": "starting here into the 15th and here"}, {"start": "00:24:40", "end": "00:24:46", "text": "into the 15th. So that's that. Uh next"}, {"start": "00:24:44", "end": "00:24:49", "text": "next next"}, {"start": "00:24:46", "end": "00:24:50", "text": "um there is some news here potentially"}, {"start": "00:24:49", "end": "00:24:53", "text": "new QE. Now this is interesting from the"}, {"start": "00:24:50", "end": "00:24:56", "text": "perspective that the Fed is not casting"}, {"start": "00:24:53", "end": "00:24:59", "text": "rates. The Fed is not really buying"}, {"start": "00:24:56", "end": "00:25:00", "text": "anything right now. But the Treasury"}, {"start": "00:24:59", "end": "00:25:04", "text": "basically the Trump administration"}, {"start": "00:25:00", "end": "00:25:08", "text": "themselves they are now stimulating the"}, {"start": "00:25:04", "end": "00:25:10", "text": "bond market with their own budget. Okay."}, {"start": "00:25:08", "end": "00:25:13", "text": "So can you call this QE? I mean"}, {"start": "00:25:10", "end": "00:25:16", "text": "potentially if this if this translates"}, {"start": "00:25:13", "end": "00:25:18", "text": "into the Fed also printing"}, {"start": "00:25:16", "end": "00:25:21", "text": "fantastic fantastic for now is Treasury"}, {"start": "00:25:18", "end": "00:25:23", "text": "using their own their own budget you can"}, {"start": "00:25:21", "end": "00:25:25", "text": "say so instead of spending this budget"}, {"start": "00:25:23", "end": "00:25:28", "text": "in the economy or I don't know you know"}, {"start": "00:25:25", "end": "00:25:30", "text": "social social services and so forth"}, {"start": "00:25:28", "end": "00:25:33", "text": "they're using it to buy to buy the uh"}, {"start": "00:25:30", "end": "00:25:36", "text": "the debt so this is not new money"}, {"start": "00:25:33", "end": "00:25:39", "text": "created it is created money just used to"}, {"start": "00:25:36", "end": "00:25:42", "text": "stimulate the bond market but if This"}, {"start": "00:25:39", "end": "00:25:43", "text": "thinking translates to the new Fed chair"}, {"start": "00:25:42", "end": "00:25:46", "text": "and the new Fed chair actually starts"}, {"start": "00:25:43", "end": "00:25:48", "text": "creating more money ensuring that the"}, {"start": "00:25:46", "end": "00:25:49", "text": "banks have now cheap rates and money is"}, {"start": "00:25:48", "end": "00:25:51", "text": "created then it's different obviously."}, {"start": "00:25:49", "end": "00:25:53", "text": "So going to be interesting to follow the"}, {"start": "00:25:51", "end": "00:25:55", "text": "the new Fed chair he should be in a"}, {"start": "00:25:53", "end": "00:25:59", "text": "month approximately in 3 weeks he should"}, {"start": "00:25:55", "end": "00:26:02", "text": "be installed and the rates are likely"}, {"start": "00:25:59", "end": "00:26:03", "text": "likely going to be cut longterm. Will he"}, {"start": "00:26:02", "end": "00:26:05", "text": "be able to do it fast? Let's see. I mean"}, {"start": "00:26:03", "end": "00:26:09", "text": "oil is still very high. Oil is very very"}, {"start": "00:26:05", "end": "00:26:13", "text": "high. ETH has um transactions quarter"}, {"start": "00:26:09", "end": "00:26:17", "text": "transactions hit 200.4 million for the"}, {"start": "00:26:13", "end": "00:26:21", "text": "first time above 200 million um and more"}, {"start": "00:26:17", "end": "00:26:24", "text": "than double 2023 lows. So activity is"}, {"start": "00:26:21", "end": "00:26:26", "text": "there and what else guys? Um I mean"}, {"start": "00:26:24", "end": "00:26:27", "text": "that's oh yeah this one was"}, {"start": "00:26:26", "end": "00:26:31", "text": "this one was interesting because I"}, {"start": "00:26:27", "end": "00:26:32", "text": "posted this one and people they want"}, {"start": "00:26:31", "end": "00:26:34", "text": "bullish man. They want bullish. Uh now"}, {"start": "00:26:32", "end": "00:26:35", "text": "this is a bearish chart guys. this a"}, {"start": "00:26:34", "end": "00:26:37", "text": "bearish chart because you see the scale"}, {"start": "00:26:35", "end": "00:26:40", "text": "is inverted. But so many people really"}, {"start": "00:26:37", "end": "00:26:42", "text": "thought this is real and like holy crap."}, {"start": "00:26:40", "end": "00:26:44", "text": "We're bullish. We're bullish. This chart"}, {"start": "00:26:42", "end": "00:26:47", "text": "looks bullish as hell. The problem is"}, {"start": "00:26:44", "end": "00:26:49", "text": "guys, the yaxis is inverted. It's upside"}, {"start": "00:26:47", "end": "00:26:51", "text": "down. But I agree with you. Like the if"}, {"start": "00:26:49", "end": "00:26:54", "text": "I would see a chart like this, I'll be"}, {"start": "00:26:51", "end": "00:26:56", "text": "bullish as hell. The problem is that the"}, {"start": "00:26:54", "end": "00:26:58", "text": "bullishness is"}, {"start": "00:26:56", "end": "00:27:01", "text": "like I miss yourself. It's like it's"}, {"start": "00:26:58", "end": "00:27:04", "text": "there. It's"}, {"start": "00:27:01", "end": "00:27:06", "text": "to 40k and and 30k."}, {"start": "00:27:04", "end": "00:27:07", "text": "Okay."}, {"start": "00:27:06", "end": "00:27:10", "text": "But the amount of people who are like,"}, {"start": "00:27:07", "end": "00:27:11", "text": "\"Oh my god, Ivan, are you bullish now?"}, {"start": "00:27:10", "end": "00:27:13", "text": "You're bullish.\" Is crazy, man. It's"}, {"start": "00:27:11", "end": "00:27:17", "text": "crazy. But I don't know, kind of also a"}, {"start": "00:27:13", "end": "00:27:19", "text": "bit bullish because most people they"}, {"start": "00:27:17", "end": "00:27:22", "text": "don't they don't think too much. They"}, {"start": "00:27:19", "end": "00:27:26", "text": "don't read too much. So if you just"}, {"start": "00:27:22", "end": "00:27:28", "text": "study a bit, if you just uh if you just"}, {"start": "00:27:26", "end": "00:27:30", "text": "uh learn the basics of the market,"}, {"start": "00:27:28", "end": "00:27:33", "text": "you're going to be ahead. You're going"}, {"start": "00:27:30", "end": "00:27:35", "text": "to be ahead. So yeah, do that. uh how to"}, {"start": "00:27:33", "end": "00:27:38", "text": "do it. Uh get the book, you find the"}, {"start": "00:27:35", "end": "00:27:40", "text": "link in description. Go to bulmania.com"}, {"start": "00:27:38", "end": "00:27:43", "text": "and learn the mechanical rules about"}, {"start": "00:27:40", "end": "00:27:46", "text": "trading. If you are I mean most people"}, {"start": "00:27:43", "end": "00:27:47", "text": "are still in the get-rich stage. Uh so"}, {"start": "00:27:46", "end": "00:27:49", "text": "go to bulmania.com"}, {"start": "00:27:47", "end": "00:27:50", "text": "watch the free training about the"}, {"start": "00:27:49", "end": "00:27:53", "text": "mechanical rules. basically explaining"}, {"start": "00:27:50", "end": "00:27:56", "text": "to you how you ensure that uh you grow"}, {"start": "00:27:53", "end": "00:27:59", "text": "your portfolio, you get closer to that"}, {"start": "00:27:56", "end": "00:28:02", "text": "snowball of a few hundredk which then"}, {"start": "00:27:59", "end": "00:28:05", "text": "can basically be your your passive uh"}, {"start": "00:28:02", "end": "00:28:08", "text": "pension fund or or whatever you want uh"}, {"start": "00:28:05", "end": "00:28:10", "text": "with this kind of uh compounding that"}, {"start": "00:28:08", "end": "00:28:12", "text": "normal markets are returning. So that's"}, {"start": "00:28:10", "end": "00:28:14", "text": "that. And on this note guys, let's go to"}, {"start": "00:28:12", "end": "00:28:15", "text": "Q&A questions, answers, debates,"}, {"start": "00:28:14", "end": "00:28:18", "text": "discussions."}, {"start": "00:28:15", "end": "00:28:20", "text": "Big shout out to Guzman for time"}, {"start": "00:28:18", "end": "00:28:22", "text": "stamping us today. Fantastic to have all"}, {"start": "00:28:20", "end": "00:28:26", "text": "of you guys here. And as always also if"}, {"start": "00:28:22", "end": "00:28:28", "text": "you want um if you're a new user to"}, {"start": "00:28:26", "end": "00:28:30", "text": "exchanges"}, {"start": "00:28:28", "end": "00:28:32", "text": "go to booming.com/partners also link"}, {"start": "00:28:30", "end": "00:28:35", "text": "below because you get number one low"}, {"start": "00:28:32", "end": "00:28:36", "text": "fee. Number two you get big fat signup"}, {"start": "00:28:35", "end": "00:28:37", "text": "bonus if you sign up on buy bit for"}, {"start": "00:28:36", "end": "00:28:40", "text": "example you can go long short you can"}, {"start": "00:28:37", "end": "00:28:42", "text": "trade precious metals or stocks or"}, {"start": "00:28:40", "end": "00:28:45", "text": "whatever. Uh you can buy S&P 500 for"}, {"start": "00:28:42", "end": "00:28:48", "text": "example on on buy bit uh or pionex. This"}, {"start": "00:28:45", "end": "00:28:50", "text": "is for grid bots. If you want um your um"}, {"start": "00:28:48", "end": "00:28:52", "text": "um your portfolio to be trading within a"}, {"start": "00:28:50", "end": "00:28:54", "text": "specific range like for example, Bitcoin"}, {"start": "00:28:52", "end": "00:28:56", "text": "now has been in a range here, you could"}, {"start": "00:28:54", "end": "00:28:58", "text": "you could you can use grid bots in those"}, {"start": "00:28:56", "end": "00:28:59", "text": "scenarios and you can watch the tutorial"}, {"start": "00:28:58", "end": "00:29:02", "text": "how it works but also sign up bonus"}, {"start": "00:28:59", "end": "00:29:04", "text": "here. Weeks is like buy bit but low KYC"}, {"start": "00:29:02", "end": "00:29:06", "text": "and you have tutorial here how it works."}, {"start": "00:29:04", "end": "00:29:07", "text": "So go to boom.com/p partners check out I"}, {"start": "00:29:06", "end": "00:29:10", "text": "mean at least watch the tutorial so you"}, {"start": "00:29:07", "end": "00:29:14", "text": "understand how what it is. And on this"}, {"start": "00:29:10", "end": "00:29:16", "text": "note, let's go to Q&A."}, {"start": "00:29:14", "end": "00:29:19", "text": "First question, Ivan, what is your view"}, {"start": "00:29:16", "end": "00:29:21", "text": "on gold and silver? So this is why I"}, {"start": "00:29:19", "end": "00:29:23", "text": "mean maybe I need another book a big"}, {"start": "00:29:21", "end": "00:29:28", "text": "compound because gold and silver is very"}, {"start": "00:29:23", "end": "00:29:30", "text": "important as a as a hedge in case this"}, {"start": "00:29:28", "end": "00:29:32", "text": "machine with the stock market has"}, {"start": "00:29:30", "end": "00:29:35", "text": "problems which it may have. I mean you"}, {"start": "00:29:32", "end": "00:29:36", "text": "have a small risk of u"}, {"start": "00:29:35", "end": "00:29:38", "text": "let's say hyperinflation you have a"}, {"start": "00:29:36", "end": "00:29:40", "text": "small risk of all kinds of stuff that"}, {"start": "00:29:38", "end": "00:29:43", "text": "can happen. So that's why gold, silver"}, {"start": "00:29:40", "end": "00:29:45", "text": "and bitcoin like hard assets they need"}, {"start": "00:29:43", "end": "00:29:48", "text": "to be part of the portfolio because this"}, {"start": "00:29:45", "end": "00:29:50", "text": "is how the world economy works today and"}, {"start": "00:29:48", "end": "00:29:54", "text": "it has been working for the past uh 200"}, {"start": "00:29:50", "end": "00:29:57", "text": "years. Okay. Um will it continue like"}, {"start": "00:29:54", "end": "00:29:59", "text": "this forever with highest likelihood?"}, {"start": "00:29:57", "end": "00:30:01", "text": "Yes. With highest likelihood yes. I mean"}, {"start": "00:29:59", "end": "00:30:03", "text": "forever like within the coming decades"}, {"start": "00:30:01", "end": "00:30:05", "text": "like forever meaning you don't have to"}, {"start": "00:30:03", "end": "00:30:08", "text": "worry too much about like anything else."}, {"start": "00:30:05", "end": "00:30:11", "text": "But at some point can some catastrophic"}, {"start": "00:30:08", "end": "00:30:13", "text": "happen? Yes. So this is why in a"}, {"start": "00:30:11", "end": "00:30:16", "text": "portfolio you don't want to be all in"}, {"start": "00:30:13", "end": "00:30:20", "text": "stocks either. Um this is in case you're"}, {"start": "00:30:16", "end": "00:30:22", "text": "all in stocks. If you have uh let's say"}, {"start": "00:30:20", "end": "00:30:26", "text": "10% of your portfolio in gold, silver,"}, {"start": "00:30:22", "end": "00:30:28", "text": "uh bitcoin that ensures the protection"}, {"start": "00:30:26", "end": "00:30:30", "text": "uh to the downside in case something"}, {"start": "00:30:28", "end": "00:30:31", "text": "catastrophic happens like you know"}, {"start": "00:30:30", "end": "00:30:33", "text": "hyperinflation or whatever because then"}, {"start": "00:30:31", "end": "00:30:34", "text": "the value from everything is going to"}, {"start": "00:30:33", "end": "00:30:36", "text": "flow into gold and silver. So if you"}, {"start": "00:30:34", "end": "00:30:38", "text": "have 10% that can easily like replace"}, {"start": "00:30:36", "end": "00:30:40", "text": "your whole portfolio and you like keep"}, {"start": "00:30:38", "end": "00:30:42", "text": "your your purchasing power nonetheless"}, {"start": "00:30:40", "end": "00:30:46", "text": "just having you know a bit but so if you"}, {"start": "00:30:42", "end": "00:30:49", "text": "have 10% then uh your annual growth rate"}, {"start": "00:30:46", "end": "00:30:51", "text": "is going to be a bit smaller. Uh but by"}, {"start": "00:30:49", "end": "00:30:53", "text": "the way Bitcoin could Bitcoin could be"}, {"start": "00:30:51", "end": "00:30:55", "text": "the thing that uh uh that uh ensures"}, {"start": "00:30:53", "end": "00:30:59", "text": "that the annual growth rate still keeps"}, {"start": "00:30:55", "end": "00:31:01", "text": "up to 8%. But you know in general"}, {"start": "00:30:59", "end": "00:31:03", "text": "uh gold and silver because it's you know"}, {"start": "00:31:01", "end": "00:31:05", "text": "they have no yield they have no"}, {"start": "00:31:03", "end": "00:31:06", "text": "they just sit there they keep up with"}, {"start": "00:31:05", "end": "00:31:08", "text": "with inflation but in terms of you know"}, {"start": "00:31:06", "end": "00:31:10", "text": "growing they don't grow in the same way"}, {"start": "00:31:08", "end": "00:31:12", "text": "as uh stones do long term over long term"}, {"start": "00:31:10", "end": "00:31:14", "text": "like now we're thinking about decades"}, {"start": "00:31:12", "end": "00:31:17", "text": "okay"}, {"start": "00:31:14", "end": "00:31:19", "text": "um so that's why uh to protect against"}, {"start": "00:31:17", "end": "00:31:21", "text": "that risk is important I think it's very"}, {"start": "00:31:19", "end": "00:31:23", "text": "important"}, {"start": "00:31:21", "end": "00:31:27", "text": "um but don't don't overexaggerate it"}, {"start": "00:31:23", "end": "00:31:30", "text": "because with high likelihood uh things I"}, {"start": "00:31:27", "end": "00:31:32", "text": "mean things in most cases they they are"}, {"start": "00:31:30", "end": "00:31:34", "text": "they are like now. So if you think about"}, {"start": "00:31:32", "end": "00:31:35", "text": "you know 50 years into your future"}, {"start": "00:31:34", "end": "00:31:39", "text": "likely things are going to be like they"}, {"start": "00:31:35", "end": "00:31:42", "text": "are now. Um so yeah hope that makes"}, {"start": "00:31:39", "end": "00:31:42", "text": "sense."}, {"start": "00:31:44", "end": "00:31:50", "text": "Let me also see here gold versus S&P."}, {"start": "00:31:47", "end": "00:31:50", "text": "Yeah."}, {"start": "00:31:50", "end": "00:31:54", "text": "So the chart doesn't go like super far"}, {"start": "00:31:52", "end": "00:31:57", "text": "back but if you again look at actually"}, {"start": "00:31:54", "end": "00:31:59", "text": "yeah it goes towards like 100 years ago."}, {"start": "00:31:57", "end": "00:32:02", "text": "See if you look at gold versus S&P you"}, {"start": "00:31:59", "end": "00:32:06", "text": "see it is a bit of cyclical up and down"}, {"start": "00:32:02", "end": "00:32:08", "text": "but um overall S&P goes up in gold"}, {"start": "00:32:06", "end": "00:32:11", "text": "amount in gold terms through time. So by"}, {"start": "00:32:08", "end": "00:32:14", "text": "having a bit of gold you are like"}, {"start": "00:32:11", "end": "00:32:16", "text": "through massive time frame like through"}, {"start": "00:32:14", "end": "00:32:19", "text": "decad's time frame you are missing out"}, {"start": "00:32:16", "end": "00:32:21", "text": "on the upside. But it is insurance. It's"}, {"start": "00:32:19", "end": "00:32:23", "text": "insurance in case something um something"}, {"start": "00:32:21", "end": "00:32:26", "text": "happens. So"}, {"start": "00:32:23", "end": "00:32:29", "text": "if you have a portfolio where it's like"}, {"start": "00:32:26", "end": "00:32:34", "text": "your passive portfolio just uh riding"}, {"start": "00:32:29", "end": "00:32:37", "text": "this uh uh stock market uh more or less"}, {"start": "00:32:34", "end": "00:32:39", "text": "more or less 8% per year having 10% of"}, {"start": "00:32:37", "end": "00:32:41", "text": "that in gold, silver, commodities,"}, {"start": "00:32:39", "end": "00:32:42", "text": "bitcoin or whatever as a protection very"}, {"start": "00:32:41", "end": "00:32:44", "text": "important. And if the thing is Bitcoin"}, {"start": "00:32:42", "end": "00:32:47", "text": "may actually"}, {"start": "00:32:44", "end": "00:32:49", "text": "um fix all of this like underperformance"}, {"start": "00:32:47", "end": "00:32:50", "text": "in gold because Bitcoin is going is"}, {"start": "00:32:49", "end": "00:32:52", "text": "likely going to still go to a million"}, {"start": "00:32:50", "end": "00:32:55", "text": "and so forth in the coming in the coming"}, {"start": "00:32:52", "end": "00:32:59", "text": "uh decade. So yeah, that's the that's"}, {"start": "00:32:55", "end": "00:33:02", "text": "that's the like low risk but still"}, {"start": "00:32:59", "end": "00:33:04", "text": "massive upside through time compounding"}, {"start": "00:33:02", "end": "00:33:06", "text": "that happens. But again, you you need to"}, {"start": "00:33:04", "end": "00:33:08", "text": "get here first. I think you need at"}, {"start": "00:33:06", "end": "00:33:10", "text": "least a few hundredk to be able to to"}, {"start": "00:33:08", "end": "00:33:11", "text": "write this in a lowrisk way because what"}, {"start": "00:33:10", "end": "00:33:14", "text": "happens if you have this let's say you"}, {"start": "00:33:11", "end": "00:33:15", "text": "have you have stones you have gold"}, {"start": "00:33:14", "end": "00:33:18", "text": "silver you have commodity you have"}, {"start": "00:33:15", "end": "00:33:20", "text": "bitcoin it's nicely balanced"}, {"start": "00:33:18", "end": "00:33:23", "text": "like your brain can finally freaking"}, {"start": "00:33:20", "end": "00:33:27", "text": "relax okay you can finally freaking"}, {"start": "00:33:23", "end": "00:33:28", "text": "relax okay and uh uh you can still play"}, {"start": "00:33:27", "end": "00:33:31", "text": "around I mean people love just investing"}, {"start": "00:33:28", "end": "00:33:32", "text": "and speculating but that can be separate"}, {"start": "00:33:31", "end": "00:33:34", "text": "that can be separate you know digen"}, {"start": "00:33:32", "end": "00:33:36", "text": "portfolio you do whatever you want maybe"}, {"start": "00:33:34", "end": "00:33:38", "text": "it goes up 100x maybe not. Maybe it goes"}, {"start": "00:33:36", "end": "00:33:40", "text": "up 10x, maybe it goes to zero. So that"}, {"start": "00:33:38", "end": "00:33:43", "text": "that that's how gold and silver would"}, {"start": "00:33:40", "end": "00:33:45", "text": "fit into this like conservative"}, {"start": "00:33:43", "end": "00:33:48", "text": "uh conservative"}, {"start": "00:33:45", "end": "00:33:50", "text": "trad."}, {"start": "00:33:48", "end": "00:33:51", "text": "Um and uh yeah, so it definitely they"}, {"start": "00:33:50", "end": "00:33:53", "text": "definitely have its place because you"}, {"start": "00:33:51", "end": "00:33:56", "text": "never know never know what's going to"}, {"start": "00:33:53", "end": "00:33:58", "text": "happen. But uh it's uh low percentage."}, {"start": "00:33:56", "end": "00:34:00", "text": "Why? Because"}, {"start": "00:33:58", "end": "00:34:04", "text": "is the risk like it's taking care of the"}, {"start": "00:34:00", "end": "00:34:07", "text": "risk and that is low risk. Okay."}, {"start": "00:34:04", "end": "00:34:09", "text": "But it can happen. It can happen. Um,"}, {"start": "00:34:07", "end": "00:34:10", "text": "gold is excellent for grid tracing says"}, {"start": "00:34:09", "end": "00:34:15", "text": "error. Yeah. So currently, exactly. Gold"}, {"start": "00:34:10", "end": "00:34:17", "text": "is is in is in a range also."}, {"start": "00:34:15", "end": "00:34:19", "text": "So currently, yes, it is. Uh, so if you"}, {"start": "00:34:17", "end": "00:34:20", "text": "use Pionex or if you use your own thing,"}, {"start": "00:34:19", "end": "00:34:22", "text": "I think when you build your own thing"}, {"start": "00:34:20", "end": "00:34:25", "text": "which trades it in range, currently it"}, {"start": "00:34:22", "end": "00:34:25", "text": "works. Yeah."}, {"start": "00:34:28", "end": "00:34:32", "text": "Weekly chart says head and shoulders."}, {"start": "00:34:31", "end": "00:34:36", "text": "Uh, let's see which one you mean. gold"}, {"start": "00:34:32", "end": "00:34:38", "text": "or let's let's show gold chart"}, {"start": "00:34:36", "end": "00:34:42", "text": "for the"}, {"start": "00:34:38", "end": "00:34:44", "text": "speculation on let's say the weekly"}, {"start": "00:34:42", "end": "00:34:47", "text": "what's happening."}, {"start": "00:34:44", "end": "00:34:50", "text": "So the weekly currently for gold is um"}, {"start": "00:34:47", "end": "00:34:54", "text": "bare trend. It's above the 50 week. So"}, {"start": "00:34:50", "end": "00:34:56", "text": "still super early bare trend."}, {"start": "00:34:54", "end": "00:34:58", "text": "Um"}, {"start": "00:34:56", "end": "00:35:00", "text": "yeah I mean my analysis is basically the"}, {"start": "00:34:58", "end": "00:35:03", "text": "same as during the last uh since"}, {"start": "00:35:00", "end": "00:35:06", "text": "February. I mean since February when we"}, {"start": "00:35:03", "end": "00:35:08", "text": "uh when we said that gold um is is"}, {"start": "00:35:06", "end": "00:35:10", "text": "ending its bull trend. uh you buy here"}, {"start": "00:35:08", "end": "00:35:13", "text": "at this levels. If you want to"}, {"start": "00:35:10", "end": "00:35:15", "text": "accumulate to your like 10% uh long-term"}, {"start": "00:35:13", "end": "00:35:18", "text": "low-risk portfolio, it's it's here at"}, {"start": "00:35:15", "end": "00:35:18", "text": "this levels."}, {"start": "00:35:25", "end": "00:35:31", "text": "Thoughts on diminishing returns with uh"}, {"start": "00:35:28", "end": "00:35:32", "text": "uh Bitcoin? Yeah. So that's uh that's"}, {"start": "00:35:31", "end": "00:35:34", "text": "another thing with that's why you know"}, {"start": "00:35:32", "end": "00:35:37", "text": "you you really need to think about the"}, {"start": "00:35:34", "end": "00:35:40", "text": "portfolio as a 360 meaning that it's not"}, {"start": "00:35:37", "end": "00:35:43", "text": "only crypto it's 360. Uh it is true that"}, {"start": "00:35:40", "end": "00:35:47", "text": "with crypto you you do have dimension"}, {"start": "00:35:43", "end": "00:35:49", "text": "returns it's uh I mean you just see the"}, {"start": "00:35:47", "end": "00:35:52", "text": "performance in let's just see NASDAQ"}, {"start": "00:35:49", "end": "00:35:55", "text": "versus Bitcoin during the last five"}, {"start": "00:35:52", "end": "00:35:56", "text": "years or so and how it was before and"}, {"start": "00:35:55", "end": "00:35:58", "text": "that is going to continue I mean it's"}, {"start": "00:35:56", "end": "00:36:00", "text": "going to be in line with the with the"}, {"start": "00:35:58", "end": "00:36:05", "text": "tech stocks. So,"}, {"start": "00:36:00", "end": "00:36:05", "text": "you need to have overall the"}, {"start": "00:36:06", "end": "00:36:11", "text": "Yeah, here's a good chart."}, {"start": "00:36:09", "end": "00:36:13", "text": "So, this is NASDAQ versus versus"}, {"start": "00:36:11", "end": "00:36:15", "text": "Bitcoin. As you can see, NASDAQ was"}, {"start": "00:36:13", "end": "00:36:19", "text": "falling super hard versus Bitcoin in the"}, {"start": "00:36:15", "end": "00:36:20", "text": "early years, but then since 2017,"}, {"start": "00:36:19", "end": "00:36:22", "text": "it's falling less and less and less and"}, {"start": "00:36:20", "end": "00:36:23", "text": "less, meaning it is more or less"}, {"start": "00:36:22", "end": "00:36:26", "text": "diminishing return. As you can see, now"}, {"start": "00:36:23", "end": "00:36:29", "text": "we're on the same price versus NASDAQ"}, {"start": "00:36:26", "end": "00:36:33", "text": "basically as it was in 20 2020. So now"}, {"start": "00:36:29", "end": "00:36:35", "text": "versus NASDAQ is like sideways. So"}, {"start": "00:36:33", "end": "00:36:38", "text": "through time this is going to be hand in"}, {"start": "00:36:35", "end": "00:36:41", "text": "hand that the Bitcoin is like uh NASDAQ"}, {"start": "00:36:38", "end": "00:36:42", "text": "and unless unless something catastrophic"}, {"start": "00:36:41", "end": "00:36:43", "text": "happens, you have hyperinflation and"}, {"start": "00:36:42", "end": "00:36:46", "text": "everyone understands holy crap bitcoin"}, {"start": "00:36:43", "end": "00:36:48", "text": "is digital gold yada yada yada."}, {"start": "00:36:46", "end": "00:36:50", "text": "Currently"}, {"start": "00:36:48", "end": "00:36:52", "text": "it's more trading like yeah hand inhand"}, {"start": "00:36:50", "end": "00:36:54", "text": "with the tech stock where still I mean"}, {"start": "00:36:52", "end": "00:36:58", "text": "you can argue there's still a bit of"}, {"start": "00:36:54", "end": "00:37:01", "text": "slope here but uh overall it's almost"}, {"start": "00:36:58", "end": "00:37:04", "text": "flat. I mean last uh five years versus"}, {"start": "00:37:01", "end": "00:37:06", "text": "NASDAQ we are uh yeah we're basically"}, {"start": "00:37:04", "end": "00:37:09", "text": "where we were. Um"}, {"start": "00:37:06", "end": "00:37:12", "text": "you see yourself actually"}, {"start": "00:37:09", "end": "00:37:14", "text": "yeah this is going to be an interesting"}, {"start": "00:37:12", "end": "00:37:17", "text": "chart to watch. NASDAQ versus Bitcoin."}, {"start": "00:37:14", "end": "00:37:19", "text": "Look here. Potentially there is a bit of"}, {"start": "00:37:17", "end": "00:37:22", "text": "bottom formation here. Potentially."}, {"start": "00:37:19", "end": "00:37:26", "text": "Potentially because look here. This is"}, {"start": "00:37:22", "end": "00:37:29", "text": "the 2017 peak. Now we're fighting with"}, {"start": "00:37:26", "end": "00:37:31", "text": "it. Bitcoin versus NASDAQ."}, {"start": "00:37:29", "end": "00:37:36", "text": "And um"}, {"start": "00:37:31", "end": "00:37:38", "text": "it is above the 50 week above 100 week."}, {"start": "00:37:36", "end": "00:37:40", "text": "Now trying to get above the 200 week"}, {"start": "00:37:38", "end": "00:37:42", "text": "versus NASDAQ. For now it is rejected."}, {"start": "00:37:40", "end": "00:37:45", "text": "Can easily get rejected and get down if"}, {"start": "00:37:42", "end": "00:37:47", "text": "Bitcoin starts pumping. Um but yeah so"}, {"start": "00:37:45", "end": "00:37:49", "text": "super interesting stuff. So fully"}, {"start": "00:37:47", "end": "00:37:52", "text": "correct like there is diminishing return"}, {"start": "00:37:49", "end": "00:37:56", "text": "versus NASDAQ 100%. 100% and this is"}, {"start": "00:37:52", "end": "00:38:01", "text": "where Bitcoin reaches its um destination"}, {"start": "00:37:56", "end": "00:38:04", "text": "as the risk of part in the portfolio"}, {"start": "00:38:01", "end": "00:38:07", "text": "meaning that uh in case US economy blows"}, {"start": "00:38:04", "end": "00:38:09", "text": "up hyperinflation yada yada I mean"}, {"start": "00:38:07", "end": "00:38:11", "text": "NASDAQ is not going to save you. You"}, {"start": "00:38:09", "end": "00:38:13", "text": "cannot even have it in self custody."}, {"start": "00:38:11", "end": "00:38:14", "text": "You can have a token that kind of is"}, {"start": "00:38:13", "end": "00:38:16", "text": "pegged to NASDAQ, but it's not true"}, {"start": "00:38:14", "end": "00:38:18", "text": "self- custody. Bitcoin is true self-"}, {"start": "00:38:16", "end": "00:38:20", "text": "custody."}, {"start": "00:38:18", "end": "00:38:24", "text": "So, because the performance versus"}, {"start": "00:38:20", "end": "00:38:26", "text": "NASDAQ diminishes through time, although"}, {"start": "00:38:24", "end": "00:38:28", "text": "personally I feel that we should have"}, {"start": "00:38:26", "end": "00:38:29", "text": "another leg uh leg up for Bitcoin,"}, {"start": "00:38:28", "end": "00:38:32", "text": "basically that NASDAQ maybe drops"}, {"start": "00:38:29", "end": "00:38:34", "text": "another leg up. Um"}, {"start": "00:38:32", "end": "00:38:36", "text": "just based on on based on the chart it"}, {"start": "00:38:34", "end": "00:38:38", "text": "does it does not really look like that"}, {"start": "00:38:36", "end": "00:38:40", "text": "like based on chart but based on my"}, {"start": "00:38:38", "end": "00:38:42", "text": "ideology because I still have Bitcoin"}, {"start": "00:38:40", "end": "00:38:46", "text": "ideology based on my ideology we should"}, {"start": "00:38:42", "end": "00:38:48", "text": "have another leg up uh based on the"}, {"start": "00:38:46", "end": "00:38:50", "text": "adoption yada yada and so forth. Bitcoin"}, {"start": "00:38:48", "end": "00:38:54", "text": "potentially becoming reserve currency"}, {"start": "00:38:50", "end": "00:38:55", "text": "but based on charts uh this one looks"}, {"start": "00:38:54", "end": "00:38:57", "text": "looks a bit like a bottom formation in"}, {"start": "00:38:55", "end": "00:39:01", "text": "case we especially if we get above the"}, {"start": "00:38:57", "end": "00:39:05", "text": "200 week especially if we get here. So"}, {"start": "00:39:01", "end": "00:39:07", "text": "um yeah all in all having Bitcoin as"}, {"start": "00:39:05", "end": "00:39:10", "text": "part of the portfolio is super important"}, {"start": "00:39:07", "end": "00:39:13", "text": "but in terms of growing the portfolio I"}, {"start": "00:39:10", "end": "00:39:14", "text": "mean you see yourself it's uh it's more"}, {"start": "00:39:13", "end": "00:39:19", "text": "in line with the with the tech stocks"}, {"start": "00:39:14", "end": "00:39:20", "text": "return. Um but Bitcoin has this nice"}, {"start": "00:39:19", "end": "00:39:22", "text": "insurance in it meaning that if"}, {"start": "00:39:20", "end": "00:39:23", "text": "everything goes to [�__�] Bitcoin is still"}, {"start": "00:39:22", "end": "00:39:24", "text": "Bitcoin. Okay. NASDAQ I don't know"}, {"start": "00:39:23", "end": "00:39:26", "text": "what's going to happen to NASDAQ."}, {"start": "00:39:24", "end": "00:39:27", "text": "Something happens to to the US dollar."}, {"start": "00:39:26", "end": "00:39:29", "text": "Where is NASDAQ? Who the hell knows? Is"}, {"start": "00:39:27", "end": "00:39:30", "text": "Nasdaq still in the room with us? Maybe"}, {"start": "00:39:29", "end": "00:39:34", "text": "not. But between is going to be still in"}, {"start": "00:39:30", "end": "00:39:34", "text": "this room with us."}, {"start": "00:39:37", "end": "00:39:40", "text": "But yeah, you you just look at the"}, {"start": "00:39:39", "end": "00:39:42", "text": "moving averages if you want something"}, {"start": "00:39:40", "end": "00:39:46", "text": "simple."}, {"start": "00:39:42", "end": "00:39:46", "text": "Look at um"}, {"start": "00:39:46", "end": "00:39:52", "text": "look at u is it higher highs or lower"}, {"start": "00:39:49", "end": "00:39:52", "text": "high."}, {"start": "00:39:52", "end": "00:39:58", "text": "Uh and yeah, there you go."}, {"start": "00:39:56", "end": "00:40:01", "text": "I mean, your book should be the ticket"}, {"start": "00:39:58", "end": "00:40:03", "text": "to let us plebe copy trade you. We're so"}, {"start": "00:40:01", "end": "00:40:07", "text": "brain brain fried that we don't even"}, {"start": "00:40:03", "end": "00:40:09", "text": "want to read. And so guys, this book"}, {"start": "00:40:07", "end": "00:40:12", "text": "easy to read. You should get it. It's"}, {"start": "00:40:09", "end": "00:40:15", "text": "easy to read. It's big text because I've"}, {"start": "00:40:12", "end": "00:40:16", "text": "ensured that it's not boring. It's I"}, {"start": "00:40:15", "end": "00:40:18", "text": "mean, it's big text, man. It's big text,"}, {"start": "00:40:16", "end": "00:40:21", "text": "you know. Okay, you you can read it uh"}, {"start": "00:40:18", "end": "00:40:23", "text": "quite fast. I I wanted to ensure that"}, {"start": "00:40:21", "end": "00:40:25", "text": "even the non-reading bros read it. And"}, {"start": "00:40:23", "end": "00:40:27", "text": "actually many people tell me that this"}, {"start": "00:40:25", "end": "00:40:30", "text": "is the first book they've ever read like"}, {"start": "00:40:27", "end": "00:40:32", "text": "end to end. Um people because people say"}, {"start": "00:40:30", "end": "00:40:34", "text": "Ian I'm not a reader. Should I really"}, {"start": "00:40:32", "end": "00:40:36", "text": "buy the book can you give me audio"}, {"start": "00:40:34", "end": "00:40:39", "text": "version? I'm telling you get get it get"}, {"start": "00:40:36", "end": "00:40:40", "text": "it like this. Okay. Get like this"}, {"start": "00:40:39", "end": "00:40:42", "text": "because it's Yeah. I mean it's"}, {"start": "00:40:40", "end": "00:40:44", "text": "fantastic. It's fantastic. It's easy to"}, {"start": "00:40:42", "end": "00:40:46", "text": "read and having physical. You you need"}, {"start": "00:40:44", "end": "00:40:47", "text": "physical. You need physical. I don't"}, {"start": "00:40:46", "end": "00:40:48", "text": "care like you you know you listen. What"}, {"start": "00:40:47", "end": "00:40:49", "text": "you going to listen man? What you going"}, {"start": "00:40:48", "end": "00:40:51", "text": "to listen? You're going to listen. What"}, {"start": "00:40:49", "end": "00:40:53", "text": "you going to listen? You listen to stuff"}, {"start": "00:40:51", "end": "00:40:55", "text": "that you you don't remember. You listen"}, {"start": "00:40:53", "end": "00:40:58", "text": "to stuff that uh you forget instantly."}, {"start": "00:40:55", "end": "00:41:01", "text": "You need the physical thing. So you can"}, {"start": "00:40:58", "end": "00:41:02", "text": "write in it. You can take note. You can"}, {"start": "00:41:01", "end": "00:41:04", "text": "you need to take it seriously. This is"}, {"start": "00:41:02", "end": "00:41:07", "text": "not you know it's not like Joe Rogan."}, {"start": "00:41:04", "end": "00:41:09", "text": "You can listen to Joe Rogan. Okay. You"}, {"start": "00:41:07", "end": "00:41:11", "text": "listen to stuff that will not have a"}, {"start": "00:41:09", "end": "00:41:12", "text": "have an impact."}, {"start": "00:41:11", "end": "00:41:14", "text": "But things that have an impact you"}, {"start": "00:41:12", "end": "00:41:15", "text": "needed physical. That's why I'm insured"}, {"start": "00:41:14", "end": "00:41:19", "text": "that physical is very nice. You see"}, {"start": "00:41:15", "end": "00:41:20", "text": "yourself very nice hard cover."}, {"start": "00:41:19", "end": "00:41:24", "text": "Fantastic."}, {"start": "00:41:20", "end": "00:41:26", "text": "And uh yeah uh you need the physical."}, {"start": "00:41:24", "end": "00:41:27", "text": "Don't just just people saying, \"Oh, can"}, {"start": "00:41:26", "end": "00:41:29", "text": "I get the audio? I don't want to read. I"}, {"start": "00:41:27", "end": "00:41:31", "text": "want to audio. I just know that they"}, {"start": "00:41:29", "end": "00:41:32", "text": "they don't take it seriously and they"}, {"start": "00:41:31", "end": "00:41:33", "text": "they're going to get wrecked. It's not"}, {"start": "00:41:32", "end": "00:41:35", "text": "going to help them. It's not going to"}, {"start": "00:41:33", "end": "00:41:39", "text": "help them. You need the physical. Need"}, {"start": "00:41:35", "end": "00:41:39", "text": "the physical.\" Okay, that's it."}, {"start": "00:41:41", "end": "00:41:45", "text": "How do I get the book in South Asia? I"}, {"start": "00:41:43", "end": "00:41:47", "text": "think you can just go to boom.com/book"}, {"start": "00:41:45", "end": "00:41:51", "text": "link below and get it. you have if you"}, {"start": "00:41:47", "end": "00:41:54", "text": "have any problem go to hello at email"}, {"start": "00:41:51", "end": "00:41:56", "text": "hellobulm.com and yeah if you live I"}, {"start": "00:41:54", "end": "00:41:58", "text": "don't know where you live in Cambodia"}, {"start": "00:41:56", "end": "00:42:03", "text": "maybe somewhere you don't understand"}, {"start": "00:41:58", "end": "00:42:03", "text": "where post office does not come maybe"}, {"start": "00:42:05", "end": "00:42:08", "text": "yo Wigzor"}, {"start": "00:42:09", "end": "00:42:13", "text": "yeah so EU did an app for age"}, {"start": "00:42:11", "end": "00:42:16", "text": "verification that got hacked I saw that"}, {"start": "00:42:13", "end": "00:42:16", "text": "I saw that"}, {"start": "00:42:17", "end": "00:42:22", "text": "How are we not in bull after Schwab"}, {"start": "00:42:20", "end": "00:42:23", "text": "announcement? I mean we don't go to bull"}, {"start": "00:42:22", "end": "00:42:25", "text": "for any announcement. It doesn't work"}, {"start": "00:42:23", "end": "00:42:29", "text": "like that."}, {"start": "00:42:25", "end": "00:42:29", "text": "But what did they announce?"}, {"start": "00:42:30", "end": "00:42:34", "text": "Yeah. I mean guys see you mean that they"}, {"start": "00:42:32", "end": "00:42:36", "text": "there's now trading in Schwab. Normally"}, {"start": "00:42:34", "end": "00:42:38", "text": "this is like the end of the bull. Do you"}, {"start": "00:42:36", "end": "00:42:41", "text": "remember in 2017 they rolled out the"}, {"start": "00:42:38", "end": "00:42:43", "text": "CME?"}, {"start": "00:42:41", "end": "00:42:44", "text": "So guys, this is don't worry about like"}, {"start": "00:42:43", "end": "00:42:47", "text": "the announcements that you know some"}, {"start": "00:42:44", "end": "00:42:50", "text": "bank adds bitcoin. Schwab now has"}, {"start": "00:42:47", "end": "00:42:53", "text": "bitcoin in reality in many cases it's"}, {"start": "00:42:50", "end": "00:42:58", "text": "come towards the end."}, {"start": "00:42:53", "end": "00:43:00", "text": "Um and uh yeah so could it be bullish?"}, {"start": "00:42:58", "end": "00:43:03", "text": "It technically it could. I mean for"}, {"start": "00:43:00", "end": "00:43:06", "text": "example um when ETF launched it was"}, {"start": "00:43:03", "end": "00:43:10", "text": "bullish. It was another leg up."}, {"start": "00:43:06", "end": "00:43:10", "text": "But uh"}, {"start": "00:43:10", "end": "00:43:15", "text": "you need to look at the chart. That's"}, {"start": "00:43:11", "end": "00:43:15", "text": "it. As always, look at the chart."}, {"start": "00:43:19", "end": "00:43:24", "text": "They have 45 million customers. They're"}, {"start": "00:43:21", "end": "00:43:27", "text": "telling their customers to put 8% in"}, {"start": "00:43:24", "end": "00:43:27", "text": "Bitcoin."}, {"start": "00:43:27", "end": "00:43:33", "text": "Yeah. I mean, let this also takes time."}, {"start": "00:43:29", "end": "00:43:35", "text": "you have to get the meeting, get the uh"}, {"start": "00:43:33", "end": "00:43:38", "text": "allocators to allocate and so on so"}, {"start": "00:43:35", "end": "00:43:40", "text": "forth."}, {"start": "00:43:38", "end": "00:43:43", "text": "I mean normally when you have news"}, {"start": "00:43:40", "end": "00:43:45", "text": "something happens on the news is it"}, {"start": "00:43:43", "end": "00:43:47", "text": "doesn't change it doesn't change the the"}, {"start": "00:43:45", "end": "00:43:49", "text": "market from bull to bare or whatever can"}, {"start": "00:43:47", "end": "00:43:51", "text": "can it be a bit bullish can it like add"}, {"start": "00:43:49", "end": "00:43:53", "text": "everything fantastic fantastic but this"}, {"start": "00:43:51", "end": "00:43:55", "text": "also brings us like the more of these"}, {"start": "00:43:53", "end": "00:43:59", "text": "announcements we have the more it brings"}, {"start": "00:43:55", "end": "00:44:02", "text": "us to the equilibrium with u like other"}, {"start": "00:43:59", "end": "00:44:05", "text": "assets because uh other assets are added"}, {"start": "00:44:02", "end": "00:44:07", "text": "in all of the banks bitcoin reaches more"}, {"start": "00:44:05", "end": "00:44:09", "text": "more and more of its potential the more"}, {"start": "00:44:07", "end": "00:44:13", "text": "it's added. Uh but yeah, hopefully it"}, {"start": "00:44:09", "end": "00:44:14", "text": "gives us another nice leg up. Uh but"}, {"start": "00:44:13", "end": "00:44:16", "text": "never trade based on news. If you're"}, {"start": "00:44:14", "end": "00:44:19", "text": "trading based on news, don't trade based"}, {"start": "00:44:16", "end": "00:44:23", "text": "on news. You trade based on chart."}, {"start": "00:44:19", "end": "00:44:25", "text": "Got to trade based on the chart."}, {"start": "00:44:23", "end": "00:44:27", "text": "What about UNI? Black Rockck buying it."}, {"start": "00:44:25", "end": "00:44:29", "text": "Okay, let's see. UNI"}, {"start": "00:44:27", "end": "00:44:32", "text": "uni USD. Whether Black Rockck is buying"}, {"start": "00:44:29", "end": "00:44:35", "text": "it or not does not matter yet again. You"}, {"start": "00:44:32", "end": "00:44:37", "text": "got to look at the chart like Yeah. Uh"}, {"start": "00:44:35", "end": "00:44:40", "text": "and the chart is guys I mean the chart"}, {"start": "00:44:37", "end": "00:44:43", "text": "is very bad."}, {"start": "00:44:40", "end": "00:44:43", "text": "Oh"}, {"start": "00:44:43", "end": "00:44:50", "text": "look here"}, {"start": "00:44:46", "end": "00:44:54", "text": "you have this low right here."}, {"start": "00:44:50", "end": "00:44:59", "text": "It got broken."}, {"start": "00:44:54", "end": "00:45:01", "text": "It got retested and rejected. Yeah."}, {"start": "00:44:59", "end": "00:45:05", "text": "I mean you see yourself. Do you see do"}, {"start": "00:45:01", "end": "00:45:05", "text": "you see yourself?"}, {"start": "00:45:07", "end": "00:45:11", "text": "Holy crap. Yeah."}, {"start": "00:45:09", "end": "00:45:15", "text": "Uh yeah. I mean that that's uni"}, {"start": "00:45:11", "end": "00:45:15", "text": "longterm. No Bull"}, {"start": "00:45:16", "end": "00:45:21", "text": "trend is if it goes to 5.2 currently and"}, {"start": "00:45:19", "end": "00:45:22", "text": "the first thing is to just get above"}, {"start": "00:45:21", "end": "00:45:26", "text": "this line which is going to be now"}, {"start": "00:45:22", "end": "00:45:29", "text": "massive resistance at four."}, {"start": "00:45:26", "end": "00:45:29", "text": "Yeah."}, {"start": "00:45:32", "end": "00:45:35", "text": "I have to watch seller after you to"}, {"start": "00:45:34", "end": "00:45:38", "text": "bring me"}, {"start": "00:45:35", "end": "00:45:39", "text": "there will be time for bullishness but I"}, {"start": "00:45:38", "end": "00:45:42", "text": "also want to get back to bullish I want"}, {"start": "00:45:39", "end": "00:45:44", "text": "to get back to bullish but we take it"}, {"start": "00:45:42", "end": "00:45:48", "text": "one step at a time because long-term"}, {"start": "00:45:44", "end": "00:45:50", "text": "portfolio is more most important"}, {"start": "00:45:48", "end": "00:45:52", "text": "money for us I mean we're here why we're"}, {"start": "00:45:50", "end": "00:45:53", "text": "here why we we're here for uh for"}, {"start": "00:45:52", "end": "00:45:56", "text": "portfolio we're here for to ensure that"}, {"start": "00:45:53", "end": "00:45:59", "text": "we're in the best uh possible position"}, {"start": "00:45:56", "end": "00:46:01", "text": "so there will be a time for"}, {"start": "00:45:59", "end": "00:46:05", "text": "But yeah, yeah, you you can watch seller"}, {"start": "00:46:01", "end": "00:46:07", "text": "too to learn about the cyber hornets"}, {"start": "00:46:05", "end": "00:46:10", "text": "protecting the Bitcoin network."}, {"start": "00:46:07", "end": "00:46:12", "text": "Fantastic. Fantastic."}, {"start": "00:46:10", "end": "00:46:14", "text": "Uni back to his airdrop price. Yeah,"}, {"start": "00:46:12", "end": "00:46:16", "text": "exactly. Exactly. What's it like $4"}, {"start": "00:46:14", "end": "00:46:20", "text": "something like that? Airrop now it's"}, {"start": "00:46:16", "end": "00:46:20", "text": "3.4. I like that. Yeah."}, {"start": "00:46:38", "end": "00:46:45", "text": "short-term pay, long-term gain. Exactly."}, {"start": "00:46:42", "end": "00:46:50", "text": "In terms of uh Bitcoin"}, {"start": "00:46:45", "end": "00:46:50", "text": "currently as we're streaming, look here."}, {"start": "00:46:50", "end": "00:46:56", "text": "Can we get"}, {"start": "00:46:53", "end": "00:46:59", "text": "this 16% pump we've been talking about"}, {"start": "00:46:56", "end": "00:46:59", "text": "right here?"}, {"start": "00:47:01", "end": "00:47:05", "text": "This for the bulls."}, {"start": "00:47:03", "end": "00:47:07", "text": "This for the bulls in the chat. Let let"}, {"start": "00:47:05", "end": "00:47:09", "text": "me know if you are a bull in the chat"}, {"start": "00:47:07", "end": "00:47:12", "text": "and want it to happen and smash up the"}, {"start": "00:47:09", "end": "00:47:16", "text": "like. This is for the bulls in the chat."}, {"start": "00:47:12", "end": "00:47:19", "text": "Unlocking that pump towards the"}, {"start": "00:47:16", "end": "00:47:19", "text": "86k."}, {"start": "00:47:22", "end": "00:47:26", "text": "when Richard Mill. Yeah, I I was"}, {"start": "00:47:24", "end": "00:47:27", "text": "checking out actually Richard Mill. I"}, {"start": "00:47:26", "end": "00:47:30", "text": "was thinking, should I get Richard Mill"}, {"start": "00:47:27", "end": "00:47:32", "text": "or should I get this um Rolex and Oh,"}, {"start": "00:47:30", "end": "00:47:35", "text": "man. I don't know. I don't know, man. I"}, {"start": "00:47:32", "end": "00:47:37", "text": "don't know. I don't know. It's uh"}, {"start": "00:47:35", "end": "00:47:41", "text": "I I'm not there yet. I'm not there yet."}, {"start": "00:47:37", "end": "00:47:45", "text": "It's too ugly still."}, {"start": "00:47:41", "end": "00:47:47", "text": "I was almost I was checking the BBA, you"}, {"start": "00:47:45", "end": "00:47:51", "text": "know, the the BABA."}, {"start": "00:47:47", "end": "00:47:52", "text": "the Bubba Watson."}, {"start": "00:47:51", "end": "00:47:54", "text": "It kind of looked clean to me and"}, {"start": "00:47:52", "end": "00:47:57", "text": "stylish. I was I was actually even"}, {"start": "00:47:54", "end": "00:48:00", "text": "speaking to Richard Mill like they have"}, {"start": "00:47:57", "end": "00:48:03", "text": "a company that that is selling the the"}, {"start": "00:48:00", "end": "00:48:06", "text": "uh like second market which is uh yeah"}, {"start": "00:48:03", "end": "00:48:08", "text": "uh I was speaking to them but uh I I"}, {"start": "00:48:06", "end": "00:48:10", "text": "don't know like it's I couldn't bring"}, {"start": "00:48:08", "end": "00:48:12", "text": "myself together."}, {"start": "00:48:10", "end": "00:48:14", "text": "I'm not there yet. It's too ugly, man. I"}, {"start": "00:48:12", "end": "00:48:16", "text": "mean even the BABA Watson it's it's very"}, {"start": "00:48:14", "end": "00:48:19", "text": "nice. It's very nice. Probably the"}, {"start": "00:48:16", "end": "00:48:19", "text": "prettiest"}, {"start": "00:48:19", "end": "00:48:25", "text": "Uh, Watson. Let's see. RM. Probably the"}, {"start": "00:48:23", "end": "00:48:27", "text": "prettiest out of uh I mean to to my"}, {"start": "00:48:25", "end": "00:48:29", "text": "taste out of them. But ah man, I don't"}, {"start": "00:48:27", "end": "00:48:31", "text": "know. It's too It's still too much Toys"}, {"start": "00:48:29", "end": "00:48:34", "text": "R Us."}, {"start": "00:48:31", "end": "00:48:37", "text": "It's still too much Toys R Us."}, {"start": "00:48:34", "end": "00:48:40", "text": "And it cost like a house,"}, {"start": "00:48:37", "end": "00:48:42", "text": "but I was considering it. I was"}, {"start": "00:48:40", "end": "00:48:45", "text": "considering it."}, {"start": "00:48:42", "end": "00:48:47", "text": "I And also, I mean, I need to I need to"}, {"start": "00:48:45", "end": "00:48:48", "text": "see it myself. with wi with with this"}, {"start": "00:48:47", "end": "00:48:49", "text": "one I knew it's going to be good. Like"}, {"start": "00:48:48", "end": "00:48:52", "text": "with this one I knew it's going to be"}, {"start": "00:48:49", "end": "00:48:54", "text": "good. Uh anyway, but yeah, maybe that's"}, {"start": "00:48:52", "end": "00:48:57", "text": "that should be the next one. Maybe that"}, {"start": "00:48:54", "end": "00:48:59", "text": "should be the next one. The Ba Watson uh"}, {"start": "00:48:57", "end": "00:49:01", "text": "the Ba Watson one. But yeah, I it's I'm"}, {"start": "00:48:59", "end": "00:49:03", "text": "not there yet, guys. I'm not there yet."}, {"start": "00:49:01", "end": "00:49:05", "text": "I don't I don't think they're they are"}, {"start": "00:49:03", "end": "00:49:07", "text": "um pretty. But you know, taste develops."}, {"start": "00:49:05", "end": "00:49:09", "text": "Taste develops. It takes time. I mean,"}, {"start": "00:49:07", "end": "00:49:10", "text": "anyone who watches at this looks at this"}, {"start": "00:49:09", "end": "00:49:13", "text": "for the first time, they're not in"}, {"start": "00:49:10", "end": "00:49:15", "text": "watches. I mean, they don't understand."}, {"start": "00:49:13", "end": "00:49:17", "text": "The more you're in in the watch world,"}, {"start": "00:49:15", "end": "00:49:19", "text": "the more you understand. Yeah. But I"}, {"start": "00:49:17", "end": "00:49:20", "text": "just I don't know. I could I couldn't"}, {"start": "00:49:19", "end": "00:49:23", "text": "bring myself together. Why? Because I"}, {"start": "00:49:20", "end": "00:49:25", "text": "mean with this one, I know that it's"}, {"start": "00:49:23", "end": "00:49:28", "text": "going to look good in 10 years, in 20"}, {"start": "00:49:25", "end": "00:49:29", "text": "years. Like is, you know, Rolex is not"}, {"start": "00:49:28", "end": "00:49:31", "text": "going to go anywhere. It's not anyway. I"}, {"start": "00:49:29", "end": "00:49:33", "text": "know that it's But this one, I don't"}, {"start": "00:49:31", "end": "00:49:36", "text": "know. Like, will people still like it?"}, {"start": "00:49:33", "end": "00:49:38", "text": "It's uh looks like freaking tech geek"}, {"start": "00:49:36", "end": "00:49:41", "text": "stuff. But listen,"}, {"start": "00:49:38", "end": "00:49:44", "text": "this is the uh the most expensive brand"}, {"start": "00:49:41", "end": "00:49:45", "text": "in the world for watches. So, uh likely"}, {"start": "00:49:44", "end": "00:49:46", "text": "they're going to survive. But yeah,"}, {"start": "00:49:45", "end": "00:49:49", "text": "let's see. Let's see. Let's see. Let's"}, {"start": "00:49:46", "end": "00:49:50", "text": "see. But it's like, man, I I couldn't"}, {"start": "00:49:49", "end": "00:49:52", "text": "bring myself. I couldn't bring myself."}, {"start": "00:49:50", "end": "00:49:56", "text": "But I was almost like I was almost"}, {"start": "00:49:52", "end": "00:49:58", "text": "considering it. Uh and they actually had"}, {"start": "00:49:56", "end": "00:50:00", "text": "one of these in stock, but I had to wait"}, {"start": "00:49:58", "end": "00:50:04", "text": "like a month."}, {"start": "00:50:00", "end": "00:50:05", "text": "Um and yeah, I said, \"Let me check other"}, {"start": "00:50:04", "end": "00:50:07", "text": "things.\" And the more I was looking into"}, {"start": "00:50:05", "end": "00:50:10", "text": "it, the the less I wanted it actually."}, {"start": "00:50:07", "end": "00:50:13", "text": "But yeah, it's um could be interesting"}, {"start": "00:50:10", "end": "00:50:13", "text": "thing. Yeah,"}, {"start": "00:50:13", "end": "00:50:18", "text": "Matt. So expensive doesn't mean bueno."}, {"start": "00:50:16", "end": "00:50:20", "text": "Not necessarily. Not necessarily. I"}, {"start": "00:50:18", "end": "00:50:23", "text": "mean, I have a where is it? My my"}, {"start": "00:50:20", "end": "00:50:25", "text": "submariner here. It's u like 10k. It's"}, {"start": "00:50:23", "end": "00:50:29", "text": "very nice. It's very nice. So you you"}, {"start": "00:50:25", "end": "00:50:29", "text": "you don't have to go too crazy."}, {"start": "00:50:31", "end": "00:50:33", "text": "The price is just psychological"}, {"start": "00:50:32", "end": "00:50:35", "text": "manipulation at this point. Look at all"}, {"start": "00:50:33", "end": "00:50:38", "text": "the fashion brands. Material cost"}, {"start": "00:50:35", "end": "00:50:39", "text": "thousand sales for 59k. Yeah, I know. I"}, {"start": "00:50:38", "end": "00:50:40", "text": "know. But when you have money, you you"}, {"start": "00:50:39", "end": "00:50:43", "text": "want you want to be different from the"}, {"start": "00:50:40", "end": "00:50:45", "text": "plea. I mean, it's, you know, it's"}, {"start": "00:50:43", "end": "00:50:48", "text": "psychology. Exactly. Psychology. Is it"}, {"start": "00:50:45", "end": "00:50:50", "text": "dumb? It's dumb. But that's that's how"}, {"start": "00:50:48", "end": "00:50:51", "text": "it works. I mean, at some point you make"}, {"start": "00:50:50", "end": "00:50:54", "text": "uh you make money. You're like, okay,"}, {"start": "00:50:51", "end": "00:50:55", "text": "what uh you know, you have uh you have"}, {"start": "00:50:54", "end": "00:50:57", "text": "pension, you have, you know, if you want"}, {"start": "00:50:55", "end": "00:50:59", "text": "real estate, you have like at the end"}, {"start": "00:50:57", "end": "00:51:02", "text": "you want what what to do with like it's"}, {"start": "00:50:59", "end": "00:51:03", "text": "so I I understand why it works. And and"}, {"start": "00:51:02", "end": "00:51:05", "text": "way it works like what you don't want to"}, {"start": "00:51:03", "end": "00:51:09", "text": "do is to be interested in that in that"}, {"start": "00:51:05", "end": "00:51:10", "text": "stuff before your compounding is set up"}, {"start": "00:51:09", "end": "00:51:13", "text": "before you know you have nice uh you"}, {"start": "00:51:10", "end": "00:51:15", "text": "have this set up you have your so yeah"}, {"start": "00:51:13", "end": "00:51:16", "text": "the mistake people make is that they are"}, {"start": "00:51:15", "end": "00:51:18", "text": "interested in the stuff and they're"}, {"start": "00:51:16", "end": "00:51:22", "text": "they're poor I mean they they don't have"}, {"start": "00:51:18", "end": "00:51:23", "text": "uh everything in place for yeah they you"}, {"start": "00:51:22", "end": "00:51:26", "text": "don't want to be that especially some"}, {"start": "00:51:23", "end": "00:51:27", "text": "people go to debt for this fugazi"}, {"start": "00:51:26", "end": "00:51:31", "text": "because it is fugghazi but it is"}, {"start": "00:51:27", "end": "00:51:32", "text": "interesting okay it's uh and and also"}, {"start": "00:51:31", "end": "00:51:35", "text": "Like I discussed in that video with the"}, {"start": "00:51:32", "end": "00:51:39", "text": "watch, watches go up in price. So"}, {"start": "00:51:35", "end": "00:51:43", "text": "um watches if you have the whether it's"}, {"start": "00:51:39", "end": "00:51:44", "text": "Rolex, RM also goes up, AP goes up, but"}, {"start": "00:51:43", "end": "00:51:47", "text": "goes like no, they go up in price."}, {"start": "00:51:44", "end": "00:51:49", "text": "Actually, it's uh likely you will be"}, {"start": "00:51:47", "end": "00:51:52", "text": "able to sell it more expensive in 10"}, {"start": "00:51:49", "end": "00:51:55", "text": "years. Maybe even they go up more than"}, {"start": "00:51:52", "end": "00:51:58", "text": "the than the stock market go up goes up."}, {"start": "00:51:55", "end": "00:52:01", "text": "Um, so it's"}, {"start": "00:51:58", "end": "00:52:02", "text": "it is retardio"}, {"start": "00:52:01", "end": "00:52:04", "text": "like what you say there with like the"}, {"start": "00:52:02", "end": "00:52:08", "text": "bags and everything. That's that's just"}, {"start": "00:52:04", "end": "00:52:09", "text": "retardio. But still, you know, you"}, {"start": "00:52:08", "end": "00:52:12", "text": "if you have the means and you have like"}, {"start": "00:52:09", "end": "00:52:15", "text": "all of this set up,"}, {"start": "00:52:12", "end": "00:52:17", "text": "I mean, it's uh do you want your wife to"}, {"start": "00:52:15", "end": "00:52:21", "text": "go with uh nice stuff or no? I mean,"}, {"start": "00:52:17", "end": "00:52:23", "text": "especially if you know the like for me"}, {"start": "00:52:21", "end": "00:52:25", "text": "like I have my Hugo stuff. I like the"}, {"start": "00:52:23", "end": "00:52:26", "text": "Hugo stuff, but it's if you have the"}, {"start": "00:52:25", "end": "00:52:28", "text": "means, you have the means. If you don't"}, {"start": "00:52:26", "end": "00:52:31", "text": "have the means, you analyze, oh, you"}, {"start": "00:52:28", "end": "00:52:34", "text": "know, the cloth is worth 100, they sell"}, {"start": "00:52:31", "end": "00:52:36", "text": "it for 5, you know, but everything has"}, {"start": "00:52:34", "end": "00:52:39", "text": "its time. The bull market has its time."}, {"start": "00:52:36", "end": "00:52:41", "text": "The bark has its time. Uh being being uh"}, {"start": "00:52:39", "end": "00:52:44", "text": "in the stage where you build up your"}, {"start": "00:52:41", "end": "00:52:46", "text": "wealth, it has its time. When you are in"}, {"start": "00:52:44", "end": "00:52:48", "text": "that stage, don't worry about anything."}, {"start": "00:52:46", "end": "00:52:51", "text": "Don't worry about uh anything. Okay?"}, {"start": "00:52:48", "end": "00:52:53", "text": "Just build up your wealth. Worry about"}, {"start": "00:52:51", "end": "00:52:55", "text": "big profits."}, {"start": "00:52:53", "end": "00:52:57", "text": "Everything else is for guys."}, {"start": "00:52:55", "end": "00:52:58", "text": "But it's kind of like an age of empires."}, {"start": "00:52:57", "end": "00:53:02", "text": "Do you remember guys, we discussed it"}, {"start": "00:52:58", "end": "00:53:05", "text": "yesterday in the early in the early"}, {"start": "00:53:02", "end": "00:53:08", "text": "minutes of the game, man? Each and every"}, {"start": "00:53:05", "end": "00:53:11", "text": "wood, each and every stone. You're like,"}, {"start": "00:53:08", "end": "00:53:14", "text": "man, it's I need to build barracks. I"}, {"start": "00:53:11", "end": "00:53:16", "text": "don't have stone. You You try to collect"}, {"start": "00:53:14", "end": "00:53:18", "text": "the pennies, send a few guys to mine the"}, {"start": "00:53:16", "end": "00:53:21", "text": "gold. You're like, \"Come on, guys. Mine"}, {"start": "00:53:18", "end": "00:53:23", "text": "the gold.\" Then five hours into the"}, {"start": "00:53:21", "end": "00:53:25", "text": "game, YOU'RE LIKE, \"MAN, SPLURGING ON"}, {"start": "00:53:23", "end": "00:53:27", "text": "FIVE BARRACKS HERE, 10 CASTLES, you"}, {"start": "00:53:25", "end": "00:53:30", "text": "know, get everything, get the army, get"}, {"start": "00:53:27", "end": "00:53:33", "text": "freaking bum bum bum boat, bum bum.\" You"}, {"start": "00:53:30", "end": "00:53:34", "text": "know, it's a Why? Why? Why? Because the"}, {"start": "00:53:33", "end": "00:53:36", "text": "compounding, man. It depends where you"}, {"start": "00:53:34", "end": "00:53:38", "text": "are in the compounding. It's like"}, {"start": "00:53:36", "end": "00:53:41", "text": "freaking Age of Empires or Coax. You"}, {"start": "00:53:38", "end": "00:53:43", "text": "guys have Eastern Europe uh watchers,"}, {"start": "00:53:41", "end": "00:53:46", "text": "you you you you played Coax when you"}, {"start": "00:53:43", "end": "00:53:48", "text": "were a kid. It's another strategy game"}, {"start": "00:53:46", "end": "00:53:49", "text": "from the beginning, man. They you get"}, {"start": "00:53:48", "end": "00:53:51", "text": "the wheat, you know. They are like"}, {"start": "00:53:49", "end": "00:53:53", "text": "they're collecting the wheat, man. So"}, {"start": "00:53:51", "end": "00:53:56", "text": "slow. Collect the wheat, man. Two hours"}, {"start": "00:53:53", "end": "00:53:58", "text": "into the game, I have a thousand people"}, {"start": "00:53:56", "end": "00:54:01", "text": "collecting the wheat. I don't care."}, {"start": "00:53:58", "end": "00:54:06", "text": "We're going to build ship of the line"}, {"start": "00:54:01", "end": "00:54:06", "text": "like this big fat massive ship."}, {"start": "00:54:07", "end": "00:54:10", "text": "It's the same. It's the same. So when"}, {"start": "00:54:09", "end": "00:54:12", "text": "you're in the early game, you're in the"}, {"start": "00:54:10", "end": "00:54:13", "text": "early game, man. You don't have to you"}, {"start": "00:54:12", "end": "00:54:15", "text": "don't have time for upgrades or"}, {"start": "00:54:13", "end": "00:54:17", "text": "anything. You have you don't have"}, {"start": "00:54:15", "end": "00:54:20", "text": "anything like that. Just build the"}, {"start": "00:54:17", "end": "00:54:20", "text": "compounding first."}, {"start": "00:54:25", "end": "00:54:29", "text": "Evan, what's wrong with Marty? I no"}, {"start": "00:54:28", "end": "00:54:31", "text": "comment, man. I don't want any drama,"}, {"start": "00:54:29", "end": "00:54:34", "text": "but he just commented yesterday that I"}, {"start": "00:54:31", "end": "00:54:35", "text": "have coven brain. I I said that Bitcoin"}, {"start": "00:54:34", "end": "00:54:38", "text": "is bearish. He said I have coven brain."}, {"start": "00:54:35", "end": "00:54:39", "text": "I said, so I just asked I I mean listen,"}, {"start": "00:54:38", "end": "00:54:41", "text": "I don't want I don't want any drama."}, {"start": "00:54:39", "end": "00:54:43", "text": "Like listen, I'm"}, {"start": "00:54:41", "end": "00:54:46", "text": "uh you know, I'm I'm too far into the"}, {"start": "00:54:43", "end": "00:54:48", "text": "compounding for drama. Okay. Like I I"}, {"start": "00:54:46", "end": "00:54:50", "text": "want a big shout out. Big shout out. I"}, {"start": "00:54:48", "end": "00:54:52", "text": "don't want any drama. But it's just, you"}, {"start": "00:54:50", "end": "00:54:55", "text": "know, he said I'm Coven Brain. So I was"}, {"start": "00:54:52", "end": "00:54:58", "text": "just wondering because I mean Benjamin"}, {"start": "00:54:55", "end": "00:54:59", "text": "Coven has been quite spot on. I mean you"}, {"start": "00:54:58", "end": "00:55:00", "text": "say what you want. It's been not bad."}, {"start": "00:54:59", "end": "00:55:02", "text": "Not bad. I don't know if he's called the"}, {"start": "00:55:00", "end": "00:55:05", "text": "top in October. We called the top in"}, {"start": "00:55:02", "end": "00:55:07", "text": "October. Your yours truly humble. But I"}, {"start": "00:55:05", "end": "00:55:09", "text": "mean is and his PhD also. So I just want"}, {"start": "00:55:07", "end": "00:55:11", "text": "to clarify like what what does he mean"}, {"start": "00:55:09", "end": "00:55:13", "text": "but at the time a coven brain? Is it"}, {"start": "00:55:11", "end": "00:55:16", "text": "because Yeah. What does it mean? Because"}, {"start": "00:55:13", "end": "00:55:17", "text": "Yeah. I mean his PhD so they have PhD."}, {"start": "00:55:16", "end": "00:55:22", "text": "Let's see guys. Let's see. I mean that"}, {"start": "00:55:17", "end": "00:55:22", "text": "that was it. That was it. That was it."}, {"start": "00:55:22", "end": "00:55:28", "text": "No drama. No politics. Who threatened"}, {"start": "00:55:25", "end": "00:55:29", "text": "you? Oh man know it's the you gota you"}, {"start": "00:55:28", "end": "00:55:31", "text": "got to have the zen. You got to have the"}, {"start": "00:55:29", "end": "00:55:34", "text": "zen."}, {"start": "00:55:31", "end": "00:55:36", "text": "I'm maybe I'm becoming more spiritual. I"}, {"start": "00:55:34", "end": "00:55:38", "text": "don't know guys. I don't know. This bare"}, {"start": "00:55:36", "end": "00:55:40", "text": "market has got me more spiritual."}, {"start": "00:55:38", "end": "00:55:42", "text": "I'm uh could be a compliment. I think"}, {"start": "00:55:40", "end": "00:55:43", "text": "exactly. I thought coven brain is a"}, {"start": "00:55:42", "end": "00:55:45", "text": "compliment. I just want to clarify"}, {"start": "00:55:43", "end": "00:55:46", "text": "what's happening. But anyway, this bare"}, {"start": "00:55:45", "end": "00:55:48", "text": "market guys got me more spiritual."}, {"start": "00:55:46", "end": "00:55:50", "text": "Exactly. Exactly. Exactly. Because"}, {"start": "00:55:48", "end": "00:55:51", "text": "compared to when I was mega wrecked in"}, {"start": "00:55:50", "end": "00:55:54", "text": "the past, you know, it's we played it so"}, {"start": "00:55:51", "end": "00:55:56", "text": "nicely with Disk in October. So, you"}, {"start": "00:55:54", "end": "00:55:59", "text": "know, I I I feel I feel I have"}, {"start": "00:55:56", "end": "00:56:01", "text": "transcended a bit like the political I"}, {"start": "00:55:59", "end": "00:56:02", "text": "don't care, man. Okay. It's just I'm"}, {"start": "00:56:01", "end": "00:56:05", "text": "just thankful to be here, thankful for"}, {"start": "00:56:02", "end": "00:56:08", "text": "how we play and it's like I don't want"}, {"start": "00:56:05", "end": "00:56:10", "text": "any drama. I want just good vibe except"}, {"start": "00:56:08", "end": "00:56:14", "text": "for Pulseyans. I will be checking in on"}, {"start": "00:56:10", "end": "00:56:16", "text": "Pulsyans at every alltime low. I can I"}, {"start": "00:56:14", "end": "00:56:18", "text": "cannot let go of that drama."}, {"start": "00:56:16", "end": "00:56:21", "text": "I cannot let go of that. I cannot let go"}, {"start": "00:56:18", "end": "00:56:23", "text": "of that drama."}, {"start": "00:56:21", "end": "00:56:26", "text": "That one is we're going to be checking"}, {"start": "00:56:23", "end": "00:56:28", "text": "in when it goes all time low. Another"}, {"start": "00:56:26", "end": "00:56:31", "text": "alltime low. Another old I'm going to be"}, {"start": "00:56:28", "end": "00:56:33", "text": "with you at each and every alltime low."}, {"start": "00:56:31", "end": "00:56:35", "text": "That one I cannot let go. But everything"}, {"start": "00:56:33", "end": "00:56:37", "text": "else I'm"}, {"start": "00:56:35", "end": "00:56:39", "text": "Oh, I'm I'm more zone, guys. I'm more"}, {"start": "00:56:37", "end": "00:56:43", "text": "zone."}, {"start": "00:56:39", "end": "00:56:48", "text": "way more than way more than."}, {"start": "00:56:43", "end": "00:56:51", "text": "So, no drama. Big shout out to everyone"}, {"start": "00:56:48", "end": "00:56:53", "text": "to all the the perma bears, perma bulls,"}, {"start": "00:56:51", "end": "00:56:56", "text": "everyone who called market wrong. Big"}, {"start": "00:56:53", "end": "00:57:00", "text": "shout out to you."}, {"start": "00:56:56", "end": "00:57:02", "text": "Be in peace. Live in peace. B and be"}, {"start": "00:57:00", "end": "00:57:04", "text": "loved. Turn the other cheek or what the"}, {"start": "00:57:02", "end": "00:57:06", "text": "hell? Well, don't turn the other cheek."}, {"start": "00:57:04", "end": "00:57:11", "text": "I don't like that. But uh everything"}, {"start": "00:57:06", "end": "00:57:13", "text": "else is exactly according to them."}, {"start": "00:57:11", "end": "00:57:16", "text": "Uh"}, {"start": "00:57:13", "end": "00:57:16", "text": "yeah,"}, {"start": "00:57:22", "end": "00:57:29", "text": "you're zen when you have milless. What"}, {"start": "00:57:25", "end": "00:57:31", "text": "is I am? You mean capital? Yeah,"}, {"start": "00:57:29", "end": "00:57:33", "text": "exactly. Exactly. I mean"}, {"start": "00:57:31", "end": "00:57:35", "text": "actually this chart guys it gives me"}, {"start": "00:57:33", "end": "00:57:37", "text": "more than maybe it's the chart also I"}, {"start": "00:57:35", "end": "00:57:39", "text": "because I just thought to myself wait"}, {"start": "00:57:37", "end": "00:57:41", "text": "wait wait wait"}, {"start": "00:57:39", "end": "00:57:42", "text": "let's look at the compounding I I I"}, {"start": "00:57:41", "end": "00:57:44", "text": "really this transformation in my brain"}, {"start": "00:57:42", "end": "00:57:46", "text": "also happened just during this like bare"}, {"start": "00:57:44", "end": "00:57:48", "text": "time where I'm like wait wait wait wait"}, {"start": "00:57:46", "end": "00:57:51", "text": "wait"}, {"start": "00:57:48", "end": "00:57:53", "text": "just like looking back at everything"}, {"start": "00:57:51", "end": "00:57:57", "text": "this gives me zen guys this chart also"}, {"start": "00:57:53", "end": "00:57:59", "text": "gives me zen uh that uh your job is to"}, {"start": "00:57:57", "end": "00:58:01", "text": "get to the initial snowball"}, {"start": "00:57:59", "end": "00:58:02", "text": "You have to hustle and will and deal."}, {"start": "00:58:01", "end": "00:58:05", "text": "You have to break laws of physics to get"}, {"start": "00:58:02", "end": "00:58:07", "text": "the initial snowball. 400 500k like"}, {"start": "00:58:05", "end": "00:58:09", "text": "somewhere there. Okay. Once you have the"}, {"start": "00:58:07", "end": "00:58:12", "text": "initial snowball,"}, {"start": "00:58:09", "end": "00:58:15", "text": "it rolls man itself. It rolls itself."}, {"start": "00:58:12", "end": "00:58:17", "text": "You have to It's nice then. It's nice"}, {"start": "00:58:15", "end": "00:58:20", "text": "then. It's nice then. So, yeah. Uh"}, {"start": "00:58:17", "end": "00:58:21", "text": "again, boom.com. Get the book in case"}, {"start": "00:58:20", "end": "00:58:23", "text": "you're still in the initial snowball."}, {"start": "00:58:21", "end": "00:58:24", "text": "But if you just focus for a few years,"}, {"start": "00:58:23", "end": "00:58:26", "text": "you can get it, man. You can get few"}, {"start": "00:58:24", "end": "00:58:28", "text": "years of focus, you can get it. I mean,"}, {"start": "00:58:26", "end": "00:58:30", "text": "they print trillions of this crab. Okay."}, {"start": "00:58:28", "end": "00:58:33", "text": "They they they print trillions of it. So"}, {"start": "00:58:30", "end": "00:58:36", "text": "for you to capture 400, okay, 300, you"}, {"start": "00:58:33", "end": "00:58:36", "text": "can do it."}, {"start": "00:58:38", "end": "00:58:41", "text": "Waiting for your book. Oh, that's"}, {"start": "00:58:39", "end": "00:58:43", "text": "awesome, man. That's awesome. If you get"}, {"start": "00:58:41", "end": "00:58:46", "text": "the book, guys, please post on Twitter"}, {"start": "00:58:43", "end": "00:58:48", "text": "and tag me and tag me. I will follow you"}, {"start": "00:58:46", "end": "00:58:50", "text": "back. I will follow you. I will retweet."}, {"start": "00:58:48", "end": "00:58:53", "text": "I've been retweeting like uh like a"}, {"start": "00:58:50", "end": "00:58:54", "text": "maniac yesterday. You see here, everyone"}, {"start": "00:58:53", "end": "00:58:56", "text": "getting the book. That's fantastic."}, {"start": "00:58:54", "end": "00:58:58", "text": "That's fantastic. It's like it's nice"}, {"start": "00:58:56", "end": "00:59:00", "text": "because I see the book traveling. I put"}, {"start": "00:58:58", "end": "00:59:02", "text": "a lot of effort, a lot of time in the"}, {"start": "00:59:00", "end": "00:59:05", "text": "book. I want to see it travel across the"}, {"start": "00:59:02", "end": "00:59:09", "text": "world, reach the deepest jungle, the"}, {"start": "00:59:05", "end": "00:59:10", "text": "highest mountain, the driest desert. And"}, {"start": "00:59:09", "end": "00:59:12", "text": "yeah, so when you post pictures and you"}, {"start": "00:59:10", "end": "00:59:14", "text": "tag me, it's fantastic. It feels like,"}, {"start": "00:59:12", "end": "00:59:15", "text": "you know, this thing is physical. It's"}, {"start": "00:59:14", "end": "00:59:16", "text": "there. I do so much digital. That's why,"}, {"start": "00:59:15", "end": "00:59:18", "text": "you know, people ask me about the audio"}, {"start": "00:59:16", "end": "00:59:21", "text": "book. I say, you know, be quiet. Audio"}, {"start": "00:59:18", "end": "00:59:23", "text": "book, maybe it will come. Audio book,"}, {"start": "00:59:21", "end": "00:59:26", "text": "but physical, man. Let's get the"}, {"start": "00:59:23", "end": "00:59:27", "text": "physical. Let's get back this to Zen."}, {"start": "00:59:26", "end": "00:59:28", "text": "Maybe it's also part of my Zen, but it's"}, {"start": "00:59:27", "end": "00:59:31", "text": "something with the physical, man. I want"}, {"start": "00:59:28", "end": "00:59:33", "text": "the physical. The I have enough digital."}, {"start": "00:59:31", "end": "00:59:34", "text": "You have every day me digital. But here"}, {"start": "00:59:33", "end": "00:59:36", "text": "you have it physical. Okay. Very"}, {"start": "00:59:34", "end": "00:59:39", "text": "important."}, {"start": "00:59:36", "end": "00:59:41", "text": "Very important. But yeah, uh the uh"}, {"start": "00:59:39", "end": "00:59:42", "text": "audio maybe it's going to come. Maybe"}, {"start": "00:59:41", "end": "00:59:47", "text": "people say Ivan, you should read audio"}, {"start": "00:59:42", "end": "00:59:49", "text": "because I want your uh your your voice,"}, {"start": "00:59:47", "end": "00:59:50", "text": "your ASMR. It's going to come. It's"}, {"start": "00:59:49", "end": "00:59:53", "text": "going to come at some point. At some"}, {"start": "00:59:50", "end": "00:59:53", "text": "point, it's going to come. Yeah."}, {"start": "00:59:57", "end": "01:00:01", "text": "But yeah, listen guys, we're just at one"}, {"start": "00:59:59", "end": "01:00:04", "text": "hour. That's fantastic. Thanks all for"}, {"start": "01:00:01", "end": "01:00:06", "text": "being here. Big shout out to"}, {"start": "01:00:04", "end": "01:00:08", "text": "Goodman for time stamping us today."}, {"start": "01:00:06", "end": "01:00:10", "text": "Great having you all here. Smash up the"}, {"start": "01:00:08", "end": "01:00:13", "text": "like, subscribe to the channel, and have"}, {"start": "01:00:10", "end": "01:00:16", "text": "a good good day. Goodbye, guys. Goodbye."}, {"start": "01:00:13", "end": "01:00:16", "text": "Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Oh yes yes yes oh yes guys welcome to"}, {"start": "00:00:02", "end": "00:00:06", "text": "another episode and today as you can see"}, {"start": "00:00:04", "end": "00:00:09", "text": "Bitcoin is still at this massive massive"}, {"start": "00:00:06", "end": "00:00:10", "text": "massive resistance fighting for its life"}, {"start": "00:00:09", "end": "00:00:14", "text": "let's see if it can break above it or"}, {"start": "00:00:10", "end": "00:00:16", "text": "not for now it is still fighting and we"}, {"start": "00:00:14", "end": "00:00:18", "text": "have to close the week above it still in"}, {"start": "00:00:16", "end": "00:00:21", "text": "a bare trend but something that has"}, {"start": "00:00:18", "end": "00:00:23", "text": "really changed is S&P and NASDAQ you"}, {"start": "00:00:21", "end": "00:00:25", "text": "remember we discussed that S&P and"}, {"start": "00:00:23", "end": "00:00:27", "text": "NASDAQ look quite strong I mean ever"}, {"start": "00:00:25", "end": "00:00:29", "text": "since we did see this monster candles"}, {"start": "00:00:27", "end": "00:00:31", "text": "right here we did see we did see that it"}, {"start": "00:00:29", "end": "00:00:34", "text": "go to get got almost above the bearish"}, {"start": "00:00:31", "end": "00:00:36", "text": "flip. We said it is looking quite strong"}, {"start": "00:00:34", "end": "00:00:39", "text": "and yes indeed we do see continuation"}, {"start": "00:00:36", "end": "00:00:42", "text": "now above the all-time high. It is now a"}, {"start": "00:00:39", "end": "00:00:44", "text": "new alltime high for S&P a new all-time"}, {"start": "00:00:42", "end": "00:00:46", "text": "high for NASDAQ. And listen when it is"}, {"start": "00:00:44", "end": "00:00:48", "text": "the bull trend it is the bull trend. We"}, {"start": "00:00:46", "end": "00:00:49", "text": "don't overanalyze too much like for"}, {"start": "00:00:48", "end": "00:00:52", "text": "example people are doing now on Twitter"}, {"start": "00:00:49", "end": "00:00:55", "text": "saying that it's a 20"}, {"start": "00:00:52", "end": "00:00:57", "text": "is the repetition of the 1920s it is the"}, {"start": "00:00:55", "end": "00:00:59", "text": "great depression and all of that. You"}, {"start": "00:00:57", "end": "00:01:01", "text": "actually see that quite a lot in my"}, {"start": "00:00:59", "end": "00:01:04", "text": "book. It's more of a cope. Listen, it's"}, {"start": "00:01:01", "end": "00:01:08", "text": "bull trend is bull trend. I don't care"}, {"start": "00:01:04", "end": "00:01:09", "text": "how it looks like in comparison to 1929."}, {"start": "00:01:08", "end": "00:01:12", "text": "You have this guy for example saying"}, {"start": "00:01:09", "end": "00:01:14", "text": "that they will repeat the 1929."}, {"start": "00:01:12", "end": "00:01:16", "text": "Bull trend is bull trend. We look at the"}, {"start": "00:01:14", "end": "00:01:18", "text": "trend. It is bull trend. Now the week"}, {"start": "00:01:16", "end": "00:01:20", "text": "still has to close but listen it's so"}, {"start": "00:01:18", "end": "00:01:23", "text": "high up likely it's going to close. It"}, {"start": "00:01:20", "end": "00:01:25", "text": "did go to new alltime high. So bull"}, {"start": "00:01:23", "end": "00:01:27", "text": "trend is bull trend. We respect the"}, {"start": "00:01:25", "end": "00:01:30", "text": "trend in all assets. We respect the pump"}, {"start": "00:01:27", "end": "00:01:33", "text": "in all assets. And here when you have"}, {"start": "00:01:30", "end": "00:01:35", "text": "such nice strength, nice strong candles."}, {"start": "00:01:33", "end": "00:01:36", "text": "I love it. I love this is what Bitcoin"}, {"start": "00:01:35", "end": "00:01:39", "text": "has to do. This is what Bitcoin has to"}, {"start": "00:01:36", "end": "00:01:40", "text": "repeat. We need to see nice strong big"}, {"start": "00:01:39", "end": "00:01:42", "text": "candles. What I don't really like with"}, {"start": "00:01:40", "end": "00:01:45", "text": "Bitcoin is that the candles, you know,"}, {"start": "00:01:42", "end": "00:01:47", "text": "it's so small, man. So small. It's a"}, {"start": "00:01:45", "end": "00:01:50", "text": "tiny tiny tiny. We need to have big fat"}, {"start": "00:01:47", "end": "00:01:53", "text": "candles. If we can rush back towards,"}, {"start": "00:01:50", "end": "00:01:54", "text": "let's say, 86, 90, uh that that would be"}, {"start": "00:01:53", "end": "00:01:57", "text": "a different story. We need to repeat"}, {"start": "00:01:54", "end": "00:01:59", "text": "what S&P is doing right now. Currently,"}, {"start": "00:01:57", "end": "00:02:01", "text": "Bitcoin is not doing that. Currently,"}, {"start": "00:01:59", "end": "00:02:04", "text": "Bitcoin is fighting for its life with"}, {"start": "00:02:01", "end": "00:02:07", "text": "this resistance. A sailor was the buyer."}, {"start": "00:02:04", "end": "00:02:09", "text": "Basically, when you look at his stretch"}, {"start": "00:02:07", "end": "00:02:12", "text": "stock that he is selling, he has been"}, {"start": "00:02:09", "end": "00:02:13", "text": "buying here every day, but that hasn't"}, {"start": "00:02:12", "end": "00:02:15", "text": "been able to push us above the"}, {"start": "00:02:13", "end": "00:02:18", "text": "resistance. We're not even above the"}, {"start": "00:02:15", "end": "00:02:20", "text": "previous year low from a weekly"}, {"start": "00:02:18", "end": "00:02:22", "text": "perspective, weekly close perspective."}, {"start": "00:02:20", "end": "00:02:26", "text": "And yesterday he didn't buy anything"}, {"start": "00:02:22", "end": "00:02:28", "text": "because the stretch stock is below 100."}, {"start": "00:02:26", "end": "00:02:30", "text": "When it's below 100 he cannot buy. If"}, {"start": "00:02:28", "end": "00:02:33", "text": "it's above 100 he can buy because then"}, {"start": "00:02:30", "end": "00:02:35", "text": "he creates new stock. He dumps it and he"}, {"start": "00:02:33", "end": "00:02:38", "text": "buys. This is how he keeps the price at"}, {"start": "00:02:35", "end": "00:02:40", "text": "100. And if the price is below 100 now"}, {"start": "00:02:38", "end": "00:02:41", "text": "he needs to get it at least back to 100."}, {"start": "00:02:40", "end": "00:02:43", "text": "And there are different ways he can do"}, {"start": "00:02:41", "end": "00:02:45", "text": "it. He can increase the dividend. They"}, {"start": "00:02:43", "end": "00:02:47", "text": "have been increasing the dividend"}, {"start": "00:02:45", "end": "00:02:50", "text": "basically every month. You can see here"}, {"start": "00:02:47", "end": "00:02:53", "text": "on this website as well dividend rate"}, {"start": "00:02:50", "end": "00:02:58", "text": "history. So back here dividend was uh"}, {"start": "00:02:53", "end": "00:03:01", "text": "10%, it was uh below 10% even now it is"}, {"start": "00:02:58", "end": "00:03:04", "text": "at 11.5. So this is how he gets people"}, {"start": "00:03:01", "end": "00:03:08", "text": "to buy uh stretch because the more"}, {"start": "00:03:04", "end": "00:03:11", "text": "dividend the more demand and now it's"}, {"start": "00:03:08", "end": "00:03:13", "text": "still below 100. So if it's below 100,"}, {"start": "00:03:11", "end": "00:03:16", "text": "he needs to get it back uh either by"}, {"start": "00:03:13", "end": "00:03:19", "text": "increasing the dividend or by just"}, {"start": "00:03:16", "end": "00:03:22", "text": "waiting a week or so because demand"}, {"start": "00:03:19", "end": "00:03:23", "text": "naturally will come back uh until the"}, {"start": "00:03:22", "end": "00:03:25", "text": "15th of May approximately because that's"}, {"start": "00:03:23", "end": "00:03:26", "text": "the X dividend day. We we did a whole"}, {"start": "00:03:25", "end": "00:03:28", "text": "video on that yesterday. Go and check"}, {"start": "00:03:26", "end": "00:03:30", "text": "the video yesterday about bare market"}, {"start": "00:03:28", "end": "00:03:32", "text": "rallies and the curse of micro strategy"}, {"start": "00:03:30", "end": "00:03:35", "text": "because this very important. So if you"}, {"start": "00:03:32", "end": "00:03:38", "text": "want to see how the stretch instrument"}, {"start": "00:03:35", "end": "00:03:40", "text": "is doing, you have this website.live"}, {"start": "00:03:38", "end": "00:03:43", "text": "live and they show for example that yeah"}, {"start": "00:03:40", "end": "00:03:46", "text": "yesterday zero coins bought before that"}, {"start": "00:03:43", "end": "00:03:49", "text": "9,000 before that 7,000 so he can keep"}, {"start": "00:03:46", "end": "00:03:52", "text": "running this and um uh while it is at"}, {"start": "00:03:49", "end": "00:03:54", "text": "around 100 when stretch is around 100 he"}, {"start": "00:03:52", "end": "00:03:56", "text": "can run it if it's below 100 he cannot"}, {"start": "00:03:54", "end": "00:03:58", "text": "run it so that's why we keep an eye on"}, {"start": "00:03:56", "end": "00:04:02", "text": "it because it is meaningful buy pressure"}, {"start": "00:03:58", "end": "00:04:04", "text": "just like he had uh the pump here back"}, {"start": "00:04:02", "end": "00:04:06", "text": "in March because of stretch because"}, {"start": "00:04:04", "end": "00:04:10", "text": "there was a lot of demand leading into x"}, {"start": "00:04:06", "end": "00:04:12", "text": "dividend um day which is mid-March. The"}, {"start": "00:04:10", "end": "00:04:17", "text": "same thing happened also right now"}, {"start": "00:04:12", "end": "00:04:18", "text": "pumping into mid midappril and uh miday"}, {"start": "00:04:17", "end": "00:04:21", "text": "I can assure you there's going to be a"}, {"start": "00:04:18", "end": "00:04:23", "text": "lot of eyes on stretch miday everyone's"}, {"start": "00:04:21", "end": "00:04:25", "text": "going to be watching stretch seeing how"}, {"start": "00:04:23", "end": "00:04:28", "text": "much they can pump in May but this is"}, {"start": "00:04:25", "end": "00:04:32", "text": "how this local rallies happen in terms"}, {"start": "00:04:28", "end": "00:04:34", "text": "of the overall uh macro we have number"}, {"start": "00:04:32", "end": "00:04:39", "text": "one still problem with the hormuz"}, {"start": "00:04:34", "end": "00:04:42", "text": "looking at oil still quite high but But"}, {"start": "00:04:39", "end": "00:04:44", "text": "you have now the new Fed chair getting"}, {"start": "00:04:42", "end": "00:04:47", "text": "installed basically next month. Okay,"}, {"start": "00:04:44", "end": "00:04:48", "text": "time flies. You remember a few months"}, {"start": "00:04:47", "end": "00:04:50", "text": "ago we discussed it's still going to be"}, {"start": "00:04:48", "end": "00:04:52", "text": "months and months and months and months."}, {"start": "00:04:50", "end": "00:04:53", "text": "Now it's very very soon. Already next"}, {"start": "00:04:52", "end": "00:04:56", "text": "month there's going to be a new Fed"}, {"start": "00:04:53", "end": "00:04:58", "text": "share. Uh he will have a very"}, {"start": "00:04:56", "end": "00:05:01", "text": "interesting position because inflation"}, {"start": "00:04:58", "end": "00:05:04", "text": "is still high. You have oil price still"}, {"start": "00:05:01", "end": "00:05:06", "text": "high but Trump wants rates down. I mean"}, {"start": "00:05:04", "end": "00:05:08", "text": "the price of becoming the Fed chair is"}, {"start": "00:05:06", "end": "00:05:10", "text": "that you need to cut rates. It is what"}, {"start": "00:05:08", "end": "00:05:13", "text": "it is. You're there to do one job to cut"}, {"start": "00:05:10", "end": "00:05:16", "text": "rates. Someone who loves the current"}, {"start": "00:05:13", "end": "00:05:18", "text": "Bitcoin performance. And by the way,"}, {"start": "00:05:16", "end": "00:05:21", "text": "also saying that ETH is going to go to"}, {"start": "00:05:18", "end": "00:05:24", "text": "60K is Tom Lee. Tom Lee is back. He's"}, {"start": "00:05:21", "end": "00:05:27", "text": "saying that ETH is going to go to 60K"}, {"start": "00:05:24", "end": "00:05:30", "text": "very very very soon. He did it at Paris"}, {"start": "00:05:27", "end": "00:05:33", "text": "blockchain week. He is the neverending"}, {"start": "00:05:30", "end": "00:05:35", "text": "never ending quote machine or how you"}, {"start": "00:05:33", "end": "00:05:37", "text": "say prediction machine in the bull"}, {"start": "00:05:35", "end": "00:05:39", "text": "market. He's fully correct. uh in the"}, {"start": "00:05:37", "end": "00:05:41", "text": "bare market he's been obviously very"}, {"start": "00:05:39", "end": "00:05:44", "text": "very incorrect and he's saying that we"}, {"start": "00:05:41", "end": "00:05:47", "text": "have bottomed yet again. Let's listen to"}, {"start": "00:05:44", "end": "00:05:49", "text": "Tom Lee from Funstrat."}, {"start": "00:05:47", "end": "00:05:51", "text": ">> It looks really like it's bottoming"}, {"start": "00:05:49", "end": "00:05:54", "text": "because the fundamental story of crypto"}, {"start": "00:05:51", "end": "00:05:57", "text": "is quite positive. You know, Davos shows"}, {"start": "00:05:54", "end": "00:06:00", "text": "banks are really embracing crypto."}, {"start": "00:05:57", "end": "00:06:02", "text": "There's regulatory uh bills coming that"}, {"start": "00:06:00", "end": "00:06:04", "text": "are favorable to crypto. And in fact,"}, {"start": "00:06:02", "end": "00:06:07", "text": "you know, we saw announcement even"}, {"start": "00:06:04", "end": "00:06:09", "text": "today. Black Rockck is going into DeFi"}, {"start": "00:06:07", "end": "00:06:12", "text": "with Uniswap. I mean, that's"}, {"start": "00:06:09", "end": "00:06:14", "text": ">> people might say that's a DGEN move. So,"}, {"start": "00:06:12", "end": "00:06:16", "text": "crypto has a lot of sort of tailwinds,"}, {"start": "00:06:14", "end": "00:06:17", "text": "but the price action is terrible,"}, {"start": "00:06:16", "end": "00:06:18", "text": ">> too,"}, {"start": "00:06:17", "end": "00:06:20", "text": ">> right? It looks really like it's"}, {"start": "00:06:18", "end": "00:06:23", "text": "bottoming because the"}, {"start": "00:06:20", "end": "00:06:26", "text": ">> There you go. So, Tom Lee is saying that"}, {"start": "00:06:23", "end": "00:06:28", "text": "ETH is going to go to 60. Uh he said a"}, {"start": "00:06:26", "end": "00:06:31", "text": "few days ago that Bitcoin has bottomed"}, {"start": "00:06:28", "end": "00:06:34", "text": "and that um it's up only. Uh, and"}, {"start": "00:06:31", "end": "00:06:36", "text": "Bitcoin currently is at big fat"}, {"start": "00:06:34", "end": "00:06:38", "text": "resistance. And uh, the question for us"}, {"start": "00:06:36", "end": "00:06:41", "text": "is whether we're going to get into the"}, {"start": "00:06:38", "end": "00:06:44", "text": "buy zone or whether we'll have to say"}, {"start": "00:06:41", "end": "00:06:46", "text": "bye-bye to the buy zone. Uh, for now,"}, {"start": "00:06:44", "end": "00:06:48", "text": "our plan has not changed. We're in bare"}, {"start": "00:06:46", "end": "00:06:51", "text": "trend. We're still at massive"}, {"start": "00:06:48", "end": "00:06:54", "text": "resistance. And also, bare market rally"}, {"start": "00:06:51", "end": "00:06:56", "text": "can easily take us up here to this"}, {"start": "00:06:54", "end": "00:06:58", "text": "resistance right here uh, before"}, {"start": "00:06:56", "end": "00:07:00", "text": "continuing down. you go back and you"}, {"start": "00:06:58", "end": "00:07:02", "text": "watch the video from yesterday in the"}, {"start": "00:07:00", "end": "00:07:06", "text": "last bare market we had the bare market"}, {"start": "00:07:02", "end": "00:07:08", "text": "rallies up to 40% in um in gain from the"}, {"start": "00:07:06", "end": "00:07:11", "text": "lows to the highs. So here for example"}, {"start": "00:07:08", "end": "00:07:14", "text": "from this low 40% would be even"}, {"start": "00:07:11", "end": "00:07:16", "text": "somewhere here at 84. So our game plan"}, {"start": "00:07:14", "end": "00:07:20", "text": "has not changed. You can check our"}, {"start": "00:07:16", "end": "00:07:22", "text": "history if you go to bullmaya.com"}, {"start": "00:07:20", "end": "00:07:24", "text": "you can see the track record there. And"}, {"start": "00:07:22", "end": "00:07:26", "text": "the most important thing right now is"}, {"start": "00:07:24", "end": "00:07:27", "text": "still to protect capital when it comes"}, {"start": "00:07:26", "end": "00:07:29", "text": "to crypto. We still have to protect"}, {"start": "00:07:27", "end": "00:07:31", "text": "capital. With stocks, it's a different"}, {"start": "00:07:29", "end": "00:07:33", "text": "story. I mean, stocks are are bullish."}, {"start": "00:07:31", "end": "00:07:35", "text": "With crypto, they're not mirroring"}, {"start": "00:07:33", "end": "00:07:36", "text": "stocks right now. Will they mirror"}, {"start": "00:07:35", "end": "00:07:39", "text": "stocks in the future? We'll have to see."}, {"start": "00:07:36", "end": "00:07:41", "text": "But, um, since October 8th, we are risk"}, {"start": "00:07:39", "end": "00:07:43", "text": "off crypto and we're still we're still"}, {"start": "00:07:41", "end": "00:07:45", "text": "riskoff crypto. Now, when it comes to"}, {"start": "00:07:43", "end": "00:07:48", "text": "stocks, different story. Why? Because"}, {"start": "00:07:45", "end": "00:07:50", "text": "bull trend number one. Number two, new"}, {"start": "00:07:48", "end": "00:07:53", "text": "alltime high. Okay, this is very"}, {"start": "00:07:50", "end": "00:07:56", "text": "important because you cannot have a"}, {"start": "00:07:53", "end": "00:07:58", "text": "rejection here. When you have price"}, {"start": "00:07:56", "end": "00:08:01", "text": "coming back to alltime high, it's quite"}, {"start": "00:07:58", "end": "00:08:02", "text": "big resistance. And the chances is that"}, {"start": "00:08:01", "end": "00:08:04", "text": "if you don't wait for confirmation, it"}, {"start": "00:08:02", "end": "00:08:06", "text": "gets rejected. So if the week closes"}, {"start": "00:08:04", "end": "00:08:07", "text": "like this, it is a very nice"}, {"start": "00:08:06", "end": "00:08:09", "text": "confirmation that stocks want to"}, {"start": "00:08:07", "end": "00:08:10", "text": "continue pumping. They want to keep"}, {"start": "00:08:09", "end": "00:08:12", "text": "going up and up and up and up. Both when"}, {"start": "00:08:10", "end": "00:08:15", "text": "it comes to S&P and when it comes to"}, {"start": "00:08:12", "end": "00:08:17", "text": "NASDAQ, super super strong. The one that"}, {"start": "00:08:15", "end": "00:08:20", "text": "is most relevant for us is the IGV. It"}, {"start": "00:08:17", "end": "00:08:22", "text": "is the tech stocks. Basically, all of"}, {"start": "00:08:20", "end": "00:08:24", "text": "the SAS companies uh still struggling,"}, {"start": "00:08:22", "end": "00:08:26", "text": "still in bare trend. So this one likely"}, {"start": "00:08:24", "end": "00:08:29", "text": "will have the biggest impact when it"}, {"start": "00:08:26", "end": "00:08:32", "text": "comes to correlating with uh Bitcoin. Uh"}, {"start": "00:08:29", "end": "00:08:33", "text": "S&P and NASDAQ it's not too perfect"}, {"start": "00:08:32", "end": "00:08:36", "text": "correlation. I mean as we discussed"}, {"start": "00:08:33", "end": "00:08:39", "text": "yesterday as well sometimes uh it goes"}, {"start": "00:08:36", "end": "00:08:41", "text": "up here for example S&P went up from uh"}, {"start": "00:08:39", "end": "00:08:46", "text": "from October while Bitcoin and all coins"}, {"start": "00:08:41", "end": "00:08:48", "text": "lost 50 to 90%. Uh while IGV is the one"}, {"start": "00:08:46", "end": "00:08:50", "text": "which is basically mirroring uh"}, {"start": "00:08:48", "end": "00:08:52", "text": "mirroring Bitcoin performance quite"}, {"start": "00:08:50", "end": "00:08:55", "text": "exact. So that's in terms of the"}, {"start": "00:08:52", "end": "00:08:58", "text": "different um uh stock uh tickers to"}, {"start": "00:08:55", "end": "00:09:01", "text": "check. But the big news in Bitcoin"}, {"start": "00:08:58", "end": "00:09:04", "text": "outside of the stretch, outside of uh"}, {"start": "00:09:01", "end": "00:09:07", "text": "what's happening with um uh with Tomley"}, {"start": "00:09:04", "end": "00:09:09", "text": "and ETH going to 60K is the fact that"}, {"start": "00:09:07", "end": "00:09:13", "text": "there's a lot of discussions about how"}, {"start": "00:09:09", "end": "00:09:16", "text": "to handle the quantum threat and the"}, {"start": "00:09:13", "end": "00:09:18", "text": "developments in my opinion are positive"}, {"start": "00:09:16", "end": "00:09:19", "text": "from the perspective that things are"}, {"start": "00:09:18", "end": "00:09:22", "text": "moving. The most important thing with"}, {"start": "00:09:19", "end": "00:09:24", "text": "quantum is to move. You have to move."}, {"start": "00:09:22", "end": "00:09:27", "text": "You have to fix things. You have to"}, {"start": "00:09:24", "end": "00:09:29", "text": "discuss things and that is happening. So"}, {"start": "00:09:27", "end": "00:09:30", "text": "that's very very good from the Bitcoin"}, {"start": "00:09:29", "end": "00:09:33", "text": "developers because for the longest time"}, {"start": "00:09:30", "end": "00:09:35", "text": "they even refuse to discuss it in a"}, {"start": "00:09:33", "end": "00:09:36", "text": "meaningful way. The pressure has been"}, {"start": "00:09:35", "end": "00:09:39", "text": "building from all kinds of different"}, {"start": "00:09:36", "end": "00:09:41", "text": "directions including from web two"}, {"start": "00:09:39", "end": "00:09:43", "text": "because web 2 is now fully preparing for"}, {"start": "00:09:41", "end": "00:09:45", "text": "quantum and now builtin developers are"}, {"start": "00:09:43", "end": "00:09:49", "text": "also moving towards uh more solutions"}, {"start": "00:09:45", "end": "00:09:51", "text": "more discussions and more opinionated"}, {"start": "00:09:49", "end": "00:09:53", "text": "ways forward because at the end of day"}, {"start": "00:09:51", "end": "00:09:55", "text": "someone has to make decisions here."}, {"start": "00:09:53", "end": "00:09:59", "text": "Someone has to come with opinions."}, {"start": "00:09:55", "end": "00:10:01", "text": "someone has to create a path forward and"}, {"start": "00:09:59", "end": "00:10:03", "text": "there are no perfect paths forward"}, {"start": "00:10:01", "end": "00:10:06", "text": "because either you confiscate all of the"}, {"start": "00:10:03", "end": "00:10:08", "text": "vulnerable bitcoin or you allow the"}, {"start": "00:10:06", "end": "00:10:10", "text": "quantum hackers to take it. There are"}, {"start": "00:10:08", "end": "00:10:13", "text": "two alternatives obviously neither is"}, {"start": "00:10:10", "end": "00:10:16", "text": "good. Neither is good. So James Lob has"}, {"start": "00:10:13", "end": "00:10:20", "text": "now come out and said that he proposes"}, {"start": "00:10:16", "end": "00:10:22", "text": "that if you don't upgrade to quantum"}, {"start": "00:10:20", "end": "00:10:24", "text": "secure addresses that your assets are"}, {"start": "00:10:22", "end": "00:10:27", "text": "going to be frozen. And of course, it's"}, {"start": "00:10:24", "end": "00:10:29", "text": "a very controversial take because for"}, {"start": "00:10:27", "end": "00:10:32", "text": "the first time in Bitcoin's history,"}, {"start": "00:10:29", "end": "00:10:34", "text": "some addresses will more or less lose"}, {"start": "00:10:32", "end": "00:10:37", "text": "their coins. Okay, more or less lose"}, {"start": "00:10:34", "end": "00:10:39", "text": "their coins. Uh, but it's good that he"}, {"start": "00:10:37", "end": "00:10:41", "text": "is taking a position. I like that we"}, {"start": "00:10:39", "end": "00:10:43", "text": "need to take positions here that either"}, {"start": "00:10:41", "end": "00:10:45", "text": "you're for losing losing coins that"}, {"start": "00:10:43", "end": "00:10:49", "text": "those that don't upgrade lose coins or"}, {"start": "00:10:45", "end": "00:10:52", "text": "you're for the attacker uh stealing"}, {"start": "00:10:49", "end": "00:10:53", "text": "them. Okay. So he has created this"}, {"start": "00:10:52", "end": "00:10:55", "text": "BIP0361"}, {"start": "00:10:53", "end": "00:10:58", "text": "saying that we seek to secure the value"}, {"start": "00:10:55", "end": "00:11:01", "text": "of the UTXO set and minimize incentives"}, {"start": "00:10:58", "end": "00:11:04", "text": "to uh to to use quantum attacks. This"}, {"start": "00:11:01", "end": "00:11:07", "text": "proposal is radically different from any"}, {"start": "00:11:04", "end": "00:11:09", "text": "in Bitcoin's history just as the threat"}, {"start": "00:11:07", "end": "00:11:11", "text": "posed by quantum computing is radically"}, {"start": "00:11:09", "end": "00:11:13", "text": "different from any other threat in"}, {"start": "00:11:11", "end": "00:11:16", "text": "Bitcoin's history. Never before has"}, {"start": "00:11:13", "end": "00:11:18", "text": "Bitcoin faced an existential threat to"}, {"start": "00:11:16", "end": "00:11:19", "text": "its cryptographic primitives. a"}, {"start": "00:11:18", "end": "00:11:21", "text": "successful quantum attack on Bitcoin"}, {"start": "00:11:19", "end": "00:11:23", "text": "would result in significant economic"}, {"start": "00:11:21", "end": "00:11:26", "text": "disruption and the damage and so forth."}, {"start": "00:11:23", "end": "00:11:28", "text": "So we need to move and that's very very"}, {"start": "00:11:26", "end": "00:11:31", "text": "good. He's saying we have to move and"}, {"start": "00:11:28", "end": "00:11:35", "text": "he's saying all in all if you don't"}, {"start": "00:11:31", "end": "00:11:36", "text": "upgrade your address you're going to"}, {"start": "00:11:35", "end": "00:11:39", "text": "lose access and it's not instant. I mean"}, {"start": "00:11:36", "end": "00:11:42", "text": "you have years to upgrade here years and"}, {"start": "00:11:39", "end": "00:11:43", "text": "years and years to upgrade and um it's"}, {"start": "00:11:42", "end": "00:11:45", "text": "not it's not that you're gonna wake up"}, {"start": "00:11:43", "end": "00:11:46", "text": "and suddenly you didn't know and your"}, {"start": "00:11:45", "end": "00:11:48", "text": "all your money is gone. you're going to"}, {"start": "00:11:46", "end": "00:11:49", "text": "have years and years and upgrade. Um"}, {"start": "00:11:48", "end": "00:11:52", "text": "he's saying coordinating wallets,"}, {"start": "00:11:49", "end": "00:11:54", "text": "exchanges, miners, and custodians"}, {"start": "00:11:52", "end": "00:11:56", "text": "will take years. The longer we postpone"}, {"start": "00:11:54", "end": "00:11:58", "text": "migration, the harder it becomes to"}, {"start": "00:11:56", "end": "00:12:00", "text": "coordinate. Exactly. So, we just have to"}, {"start": "00:11:58", "end": "00:12:02", "text": "move. This was my main point all the"}, {"start": "00:12:00", "end": "00:12:05", "text": "time that quantum transition is going to"}, {"start": "00:12:02", "end": "00:12:07", "text": "take up to 10 years uh to go through and"}, {"start": "00:12:05", "end": "00:12:09", "text": "so we have to start right now. We have"}, {"start": "00:12:07", "end": "00:12:10", "text": "to start right now because coordinating"}, {"start": "00:12:09", "end": "00:12:12", "text": "all of this, getting all of the debates,"}, {"start": "00:12:10", "end": "00:12:14", "text": "but also doing the actual tech, you have"}, {"start": "00:12:12", "end": "00:12:19", "text": "to do the tech. All of the quantum tech"}, {"start": "00:12:14", "end": "00:12:22", "text": "is fully new. So there is no copy paste"}, {"start": "00:12:19", "end": "00:12:24", "text": "just take a key turn solution for"}, {"start": "00:12:22", "end": "00:12:25", "text": "quantum. All of this is fully new. So it"}, {"start": "00:12:24", "end": "00:12:27", "text": "needs to be tested. There are new"}, {"start": "00:12:25", "end": "00:12:29", "text": "quantum primitives and so forth that"}, {"start": "00:12:27", "end": "00:12:32", "text": "have to be deployed. So nothing is going"}, {"start": "00:12:29", "end": "00:12:34", "text": "to be fast here. Uh coordinating"}, {"start": "00:12:32", "end": "00:12:35", "text": "distribute groups is more prone to delay"}, {"start": "00:12:34", "end": "00:12:37", "text": "even if everyone has similar"}, {"start": "00:12:35", "end": "00:12:39", "text": "motivations. Historically, Bitcoin has"}, {"start": "00:12:37", "end": "00:12:42", "text": "been slow"}, {"start": "00:12:39", "end": "00:12:44", "text": "to adopt code changes, often taking"}, {"start": "00:12:42", "end": "00:12:47", "text": "multiple years to be approved. So,"}, {"start": "00:12:44", "end": "00:12:49", "text": "that's the plan. There is an interesting"}, {"start": "00:12:47", "end": "00:12:52", "text": "counterp proposal by BitMX. And yet, yet"}, {"start": "00:12:49", "end": "00:12:55", "text": "again, this highlights the benefits of"}, {"start": "00:12:52", "end": "00:12:57", "text": "someone taking a stance and saying,"}, {"start": "00:12:55", "end": "00:12:58", "text": "\"Hey, we should go here.\" Because now"}, {"start": "00:12:57", "end": "00:13:01", "text": "discussion is open. Someone else can"}, {"start": "00:12:58", "end": "00:13:02", "text": "say, \"No, we should go here.\" And uh you"}, {"start": "00:13:01", "end": "00:13:05", "text": "have progress instead of saying, \"Don't"}, {"start": "00:13:02", "end": "00:13:06", "text": "worry, quantum is not a threat. Don't"}, {"start": "00:13:05", "end": "00:13:08", "text": "worry, don't talk about it, don't"}, {"start": "00:13:06", "end": "00:13:10", "text": "mention it, don't fud it. Instead of"}, {"start": "00:13:08", "end": "00:13:12", "text": "doing that, now we have progress. And"}, {"start": "00:13:10", "end": "00:13:14", "text": "this is very very good for Bitcoin"}, {"start": "00:13:12", "end": "00:13:16", "text": "because quantum the only the only"}, {"start": "00:13:14", "end": "00:13:19", "text": "correct answer to is Bitcoin quantum"}, {"start": "00:13:16", "end": "00:13:22", "text": "safe is yes. All other answers are"}, {"start": "00:13:19", "end": "00:13:23", "text": "incorrect including that quantum does"}, {"start": "00:13:22", "end": "00:13:25", "text": "not matter because imagine yourself, you"}, {"start": "00:13:23", "end": "00:13:28", "text": "want to buy Bitcoin for the long term"}, {"start": "00:13:25", "end": "00:13:29", "text": "and quantum is not something that uh you"}, {"start": "00:13:28", "end": "00:13:31", "text": "want to worry about. You you don't want"}, {"start": "00:13:29", "end": "00:13:33", "text": "to think about it. The only correct"}, {"start": "00:13:31", "end": "00:13:36", "text": "answer is that we're fully fully fully"}, {"start": "00:13:33", "end": "00:13:38", "text": "fully protected. Now, Bitmix is coming"}, {"start": "00:13:36", "end": "00:13:41", "text": "with another idea where they also say"}, {"start": "00:13:38", "end": "00:13:43", "text": "that listen, we have to mitigate quantum"}, {"start": "00:13:41", "end": "00:13:46", "text": "very important. But they basically"}, {"start": "00:13:43", "end": "00:13:48", "text": "propose a quantum fund. What does this"}, {"start": "00:13:46", "end": "00:13:50", "text": "mean? It means that if you have a"}, {"start": "00:13:48", "end": "00:13:52", "text": "quantum computer and you can prove"}, {"start": "00:13:50", "end": "00:13:55", "text": "onchain"}, {"start": "00:13:52", "end": "00:13:57", "text": "that uh uh you have it that you're able"}, {"start": "00:13:55", "end": "00:13:59", "text": "to break cryptography instead of you"}, {"start": "00:13:57", "end": "00:14:03", "text": "going and hacking everyone uh you"}, {"start": "00:13:59", "end": "00:14:07", "text": "instead get so-called quantum fund."}, {"start": "00:14:03", "end": "00:14:09", "text": "Okay. So that in case it happens that"}, {"start": "00:14:07", "end": "00:14:13", "text": "someone can prove that they have a"}, {"start": "00:14:09", "end": "00:14:16", "text": "quantum computer only then do all of the"}, {"start": "00:14:13", "end": "00:14:18", "text": "quantum nonsecure coins in addresses"}, {"start": "00:14:16", "end": "00:14:21", "text": "that are not quantum safe only then are"}, {"start": "00:14:18", "end": "00:14:25", "text": "they frozen. You understand? So nothing"}, {"start": "00:14:21", "end": "00:14:27", "text": "is frozen until quantum for sure exists."}, {"start": "00:14:25", "end": "00:14:31", "text": "And the network will know that when"}, {"start": "00:14:27", "end": "00:14:34", "text": "someone submits a cryptographic proof"}, {"start": "00:14:31", "end": "00:14:37", "text": "that uh they're able to uh basically"}, {"start": "00:14:34", "end": "00:14:39", "text": "reverse engineer a uh uh private key"}, {"start": "00:14:37", "end": "00:14:41", "text": "given a public key. Okay. And there are"}, {"start": "00:14:39", "end": "00:14:44", "text": "ways to do it. You can put it on chain."}, {"start": "00:14:41", "end": "00:14:46", "text": "It's uh it's super easy. So"}, {"start": "00:14:44", "end": "00:14:48", "text": "this is an interesting approach from the"}, {"start": "00:14:46", "end": "00:14:50", "text": "perspective that uh you will have a"}, {"start": "00:14:48", "end": "00:14:52", "text": "fund. So the Bitcoin network basically"}, {"start": "00:14:50", "end": "00:14:54", "text": "create a fund so that whoever has"}, {"start": "00:14:52", "end": "00:14:56", "text": "quantum computer future is incentivized"}, {"start": "00:14:54", "end": "00:14:58", "text": "to basically show to the network that"}, {"start": "00:14:56", "end": "00:15:00", "text": "they have it because the reward is going"}, {"start": "00:14:58", "end": "00:15:02", "text": "to be this quantum fund that they will"}, {"start": "00:15:00", "end": "00:15:04", "text": "receive instead of hacking and because"}, {"start": "00:15:02", "end": "00:15:08", "text": "if you hack what happens bitcoin goes to"}, {"start": "00:15:04", "end": "00:15:11", "text": "zero or close to zero until the network"}, {"start": "00:15:08", "end": "00:15:13", "text": "adjust adjusts. So even if you have a"}, {"start": "00:15:11", "end": "00:15:15", "text": "profit from the hack you don't get"}, {"start": "00:15:13", "end": "00:15:18", "text": "economic profit necessarily to the same"}, {"start": "00:15:15", "end": "00:15:21", "text": "extent. So that's the idea. uh instead"}, {"start": "00:15:18", "end": "00:15:22", "text": "of uh instead of freezing instead of a"}, {"start": "00:15:21", "end": "00:15:25", "text": "free software activating in five years"}, {"start": "00:15:22", "end": "00:15:28", "text": "an alternative is that in five years we"}, {"start": "00:15:25", "end": "00:15:30", "text": "instead enter a canary watch state if it"}, {"start": "00:15:28", "end": "00:15:32", "text": "is proven onchain that the relevant"}, {"start": "00:15:30", "end": "00:15:36", "text": "quantum computer exists the canary"}, {"start": "00:15:32", "end": "00:15:38", "text": "activates and freezes uh everything that"}, {"start": "00:15:36", "end": "00:15:40", "text": "is vulnerable all of the addresses are"}, {"start": "00:15:38", "end": "00:15:41", "text": "vulnerable they're frozen if the canary"}, {"start": "00:15:40", "end": "00:15:44", "text": "does not activate the quantum vulnerable"}, {"start": "00:15:41", "end": "00:15:46", "text": "coins can still be spent as normal or"}, {"start": "00:15:44", "end": "00:15:48", "text": "perhaps with the outputs in the next"}, {"start": "00:15:46", "end": "00:15:50", "text": "transaction unspendable for a"}, {"start": "00:15:48", "end": "00:15:54", "text": "predetermined safety window like 100"}, {"start": "00:15:50", "end": "00:15:56", "text": "blocks period or something like that. Um"}, {"start": "00:15:54", "end": "00:15:58", "text": "yeah good good I don't know what the"}, {"start": "00:15:56", "end": "00:16:01", "text": "best solution is this is for the ultra"}, {"start": "00:15:58", "end": "00:16:05", "text": "nerds to discuss and for us to see but"}, {"start": "00:16:01", "end": "00:16:07", "text": "as investors the only thing we should"}, {"start": "00:16:05", "end": "00:16:09", "text": "really observe here is the move we need"}, {"start": "00:16:07", "end": "00:16:11", "text": "the move we need the move we need"}, {"start": "00:16:09", "end": "00:16:13", "text": "everyone to move as soon as possible we"}, {"start": "00:16:11", "end": "00:16:15", "text": "need everyone to go towards quantum"}, {"start": "00:16:13", "end": "00:16:19", "text": "safety and that's very important that is"}, {"start": "00:16:15", "end": "00:16:21", "text": "happening u what else guys Tomley we"}, {"start": "00:16:19", "end": "00:16:24", "text": "discussed new fed chair Kevin Worsh we"}, {"start": "00:16:21", "end": "00:16:27", "text": "discussed there is some rumor that Scott"}, {"start": "00:16:24", "end": "00:16:30", "text": "Bessant got into a physical altercation"}, {"start": "00:16:27", "end": "00:16:32", "text": "with Kevin Worsh. It's not the first"}, {"start": "00:16:30", "end": "00:16:35", "text": "time. Apparently, Scott Bessant was in a"}, {"start": "00:16:32", "end": "00:16:38", "text": "physical fist fight with Elon Musk"}, {"start": "00:16:35", "end": "00:16:41", "text": "approximately a year ago. Let me know if"}, {"start": "00:16:38", "end": "00:16:44", "text": "you remember that. Now, there are rumors"}, {"start": "00:16:41", "end": "00:16:47", "text": "that he also attacked Kevin Worsh"}, {"start": "00:16:44", "end": "00:16:50", "text": "because they disagreed on policy."}, {"start": "00:16:47", "end": "00:16:50", "text": "Something like that."}, {"start": "00:16:50", "end": "00:16:53", "text": "It wouldn't surprise me. wouldn't"}, {"start": "00:16:52", "end": "00:16:55", "text": "surprise me. He has very strong"}, {"start": "00:16:53", "end": "00:16:58", "text": "opinions. Very strong opinions. Scott"}, {"start": "00:16:55", "end": "00:17:01", "text": "Bessant. But that's um that's the latest"}, {"start": "00:16:58", "end": "00:17:04", "text": "thing with uh with Kevin Worsh including"}, {"start": "00:17:01", "end": "00:17:06", "text": "the fact that he has over 30 crypto"}, {"start": "00:17:04", "end": "00:17:10", "text": "projects in his portfolio. Let me"}, {"start": "00:17:06", "end": "00:17:13", "text": "actually see this. Scott Bessant Worsh."}, {"start": "00:17:10", "end": "00:17:15", "text": "Let me see this news. Where is uh"}, {"start": "00:17:13", "end": "00:17:19", "text": "u"}, {"start": "00:17:15", "end": "00:17:22", "text": "where he said rumored rumored"}, {"start": "00:17:19", "end": "00:17:25", "text": "Kevin"}, {"start": "00:17:22", "end": "00:17:25", "text": "Um,"}, {"start": "00:17:26", "end": "00:17:29", "text": "yeah, I don't know where it is. I like"}, {"start": "00:17:27", "end": "00:17:31", "text": "this yesterday. But another important"}, {"start": "00:17:29", "end": "00:17:34", "text": "thing is that he has over 30 crypto"}, {"start": "00:17:31", "end": "00:17:35", "text": "projects. The new the new head share."}, {"start": "00:17:34", "end": "00:17:37", "text": "But man, let me let me find this. Let me"}, {"start": "00:17:35", "end": "00:17:41", "text": "find this. Scott."}, {"start": "00:17:37", "end": "00:17:41", "text": "Oh yeah, here here."}, {"start": "00:17:43", "end": "00:17:49", "text": "Rumors are swirling."}, {"start": "00:17:46", "end": "00:17:52", "text": "Rumors are swirling that Scott Bessant"}, {"start": "00:17:49", "end": "00:17:54", "text": "got into a physical fist fight this"}, {"start": "00:17:52", "end": "00:17:56", "text": "morning over economic policy"}, {"start": "00:17:54", "end": "00:17:58", "text": "disagreement with Oh, sorry. It was"}, {"start": "00:17:56", "end": "00:18:00", "text": "Kevin Hasset. It was Kevin Hasset. It It"}, {"start": "00:17:58", "end": "00:18:02", "text": "was It was not Kevin. It was Kevin"}, {"start": "00:18:00", "end": "00:18:04", "text": "Hasset. It was Kevin Hass. Sorry, guys."}, {"start": "00:18:02", "end": "00:18:07", "text": "It's too early in the morning. It was"}, {"start": "00:18:04", "end": "00:18:10", "text": "Kevin Hasset. Oh, yeah. Yeah. Yeah."}, {"start": "00:18:07", "end": "00:18:13", "text": "Guys, let's go to Q&A questions,"}, {"start": "00:18:10", "end": "00:18:17", "text": "answers, debates, discussions,"}, {"start": "00:18:13", "end": "00:18:19", "text": "and uh over to you."}, {"start": "00:18:17", "end": "00:18:21", "text": "We have added a few stuff on the"}, {"start": "00:18:19", "end": "00:18:23", "text": "partners page because many people want"}, {"start": "00:18:21", "end": "00:18:26", "text": "to use the Pionex bots. I get one"}, {"start": "00:18:23", "end": "00:18:29", "text": "question about Pionex per day. So, if"}, {"start": "00:18:26", "end": "00:18:32", "text": "you go to bulmania.com/partners,"}, {"start": "00:18:29", "end": "00:18:34", "text": "you now have the Pionex bot here, the"}, {"start": "00:18:32", "end": "00:18:36", "text": "the signup bonus and all of that, but"}, {"start": "00:18:34", "end": "00:18:39", "text": "also you can watch the Pionex tutorial."}, {"start": "00:18:36", "end": "00:18:42", "text": "Okay, you can watch the Pionex tutorial"}, {"start": "00:18:39", "end": "00:18:43", "text": "right here. Uh the same thing for Wix."}, {"start": "00:18:42", "end": "00:18:47", "text": "If you never used Wix, you can watch the"}, {"start": "00:18:43", "end": "00:18:48", "text": "the Wix tutorial right here. So,"}, {"start": "00:18:47", "end": "00:18:52", "text": "everything is shown step by step by"}, {"start": "00:18:48", "end": "00:18:54", "text": "step. In a choppy market, uh Pionex bots"}, {"start": "00:18:52", "end": "00:18:57", "text": "are a good tool if you're trading the"}, {"start": "00:18:54", "end": "00:19:00", "text": "short term. Uh because it's a grid bot,"}, {"start": "00:18:57", "end": "00:19:03", "text": "so when things go up, it takes profit."}, {"start": "00:19:00", "end": "00:19:06", "text": "When things go down temporarily, it uh"}, {"start": "00:19:03", "end": "00:19:08", "text": "it buys the dip. uh with weeks it's kind"}, {"start": "00:19:06", "end": "00:19:12", "text": "of like by it but low KYC if you want"}, {"start": "00:19:08", "end": "00:19:15", "text": "that and on this note we progress to the"}, {"start": "00:19:12", "end": "00:19:18", "text": "Q&A one more thing is professor Jang man"}, {"start": "00:19:15", "end": "00:19:20", "text": "professor Jang I love professor Jang but"}, {"start": "00:19:18", "end": "00:19:23", "text": "yesterday he said something which is not"}, {"start": "00:19:20", "end": "00:19:24", "text": "too smart listen to this so the moment"}, {"start": "00:19:23", "end": "00:19:27", "text": "people people recognize that this is a"}, {"start": "00:19:24", "end": "00:19:29", "text": "CIA operation people won't put their"}, {"start": "00:19:27", "end": "00:19:32", "text": "money into blockchain people won't put"}, {"start": "00:19:29", "end": "00:19:36", "text": "their money into Bitcoin they'll they'll"}, {"start": "00:19:32", "end": "00:19:38", "text": "be like I I mean uh why would I do that?"}, {"start": "00:19:36", "end": "00:19:43", "text": "You have to ask yourself this question."}, {"start": "00:19:38", "end": "00:19:44", "text": "Where are the blockchain servers located"}, {"start": "00:19:43", "end": "00:19:45", "text": "right? Because I imagine if you're able"}, {"start": "00:19:44", "end": "00:19:47", "text": "to control the hardware, you can also"}, {"start": "00:19:45", "end": "00:19:50", "text": "control the software. I don't care what"}, {"start": "00:19:47", "end": "00:19:52", "text": "they tell tell me about open source and"}, {"start": "00:19:50", "end": "00:19:54", "text": "all that. I want to know where the"}, {"start": "00:19:52", "end": "00:19:57", "text": "databases are, where the servers are"}, {"start": "00:19:54", "end": "00:19:57", "text": "physically,"}, {"start": "00:19:59", "end": "00:20:04", "text": "man. Professor Jack. Professor Jack."}, {"start": "00:20:02", "end": "00:20:07", "text": "This is the problem. I mean, I I love"}, {"start": "00:20:04", "end": "00:20:10", "text": "Professor Jang, but with this I'm not"}, {"start": "00:20:07", "end": "00:20:11", "text": "sure, guys. I'm not sure."}, {"start": "00:20:10", "end": "00:20:13", "text": "Professor He's like, \"Where's the"}, {"start": "00:20:11", "end": "00:20:15", "text": "server?\" I don't know. In my bedroom. In"}, {"start": "00:20:13", "end": "00:20:17", "text": "my bedroom. There. It could be in your"}, {"start": "00:20:15", "end": "00:20:19", "text": "bedroom also. It can be in your kitchen."}, {"start": "00:20:17", "end": "00:20:21", "text": "It can be in the"}, {"start": "00:20:19", "end": "00:20:23", "text": "It can be anywhere, man. It can be It"}, {"start": "00:20:21", "end": "00:20:26", "text": "can be in freaking basement. It can be"}, {"start": "00:20:23", "end": "00:20:27", "text": "on your cell phone. It can be I mean,"}, {"start": "00:20:26", "end": "00:20:29", "text": "Bitcoin server can be anywhere, man. It"}, {"start": "00:20:27", "end": "00:20:31", "text": "can be wherever you want. Where you want"}, {"start": "00:20:29", "end": "00:20:33", "text": "it, man. I can put it in your microwave."}, {"start": "00:20:31", "end": "00:20:36", "text": "It has a chip. We can put it in your"}, {"start": "00:20:33", "end": "00:20:38", "text": "microwave, man."}, {"start": "00:20:36", "end": "00:20:40", "text": "But yeah, I mean, Professor Jang in"}, {"start": "00:20:38", "end": "00:20:43", "text": "terms of Iran is spot on. You cannot be"}, {"start": "00:20:40", "end": "00:20:44", "text": "an expert on everything, I guess. But um"}, {"start": "00:20:43", "end": "00:20:49", "text": "to answer a question, it can be"}, {"start": "00:20:44", "end": "00:20:50", "text": "anywhere, man. Anywhere. Um now, many of"}, {"start": "00:20:49", "end": "00:20:54", "text": "you guys are getting the book."}, {"start": "00:20:50", "end": "00:20:56", "text": "Fantastic. If you got the book, tweet it"}, {"start": "00:20:54", "end": "00:20:59", "text": "and tag me. I will retweet you. I will"}, {"start": "00:20:56", "end": "00:21:03", "text": "follow you. and we're going to spread"}, {"start": "00:20:59", "end": "00:21:04", "text": "the word about the big fat prophets. I"}, {"start": "00:21:03", "end": "00:21:06", "text": "love when you guys are are tweeting the"}, {"start": "00:21:04", "end": "00:21:09", "text": "book, tweeting the the picture of the"}, {"start": "00:21:06", "end": "00:21:11", "text": "book. Um, I was listening to him too"}, {"start": "00:21:09", "end": "00:21:12", "text": "just saying I like listening to him. I"}, {"start": "00:21:11", "end": "00:21:14", "text": "mean, President J. I mean, he's great."}, {"start": "00:21:12", "end": "00:21:16", "text": "He's great. When it comes to Iran, he's"}, {"start": "00:21:14", "end": "00:21:18", "text": "he's very very good. But when it comes"}, {"start": "00:21:16", "end": "00:21:20", "text": "to Bitcoin, yeah, I don't know, man. I"}, {"start": "00:21:18", "end": "00:21:23", "text": "don't know. He It's not too good. It's"}, {"start": "00:21:20", "end": "00:21:24", "text": "not too good. I mean, it's true. If you"}, {"start": "00:21:23", "end": "00:21:26", "text": "have the hardware, you can control the"}, {"start": "00:21:24", "end": "00:21:28", "text": "software, but it's distributed. I mean,"}, {"start": "00:21:26", "end": "00:21:31", "text": "that's the whole thing. is distributed"}, {"start": "00:21:28", "end": "00:21:34", "text": "distributed. So guys to summarize uh"}, {"start": "00:21:31", "end": "00:21:37", "text": "Bitcoin still uh at resistance"}, {"start": "00:21:34", "end": "00:21:41", "text": "still in bare trend. Bitcoin for us does"}, {"start": "00:21:37", "end": "00:21:44", "text": "not uh change. Um S&P and NASDAQ bullish"}, {"start": "00:21:41", "end": "00:21:47", "text": "bull trend new alltime high bullish"}, {"start": "00:21:44", "end": "00:21:49", "text": "bullish bullish when it comes to stons."}, {"start": "00:21:47", "end": "00:21:50", "text": "Uh will Bitcoin follow? We'll just have"}, {"start": "00:21:49", "end": "00:21:54", "text": "to see. I mean currently it does not"}, {"start": "00:21:50", "end": "00:21:56", "text": "really follow. Um if you look at the"}, {"start": "00:21:54", "end": "00:21:59", "text": "pump here, Bitcoin has not really"}, {"start": "00:21:56", "end": "00:22:03", "text": "followed at all. Even when uh you had"}, {"start": "00:21:59", "end": "00:22:06", "text": "the STRC stretch pump the market, it"}, {"start": "00:22:03", "end": "00:22:07", "text": "pumped us up to the resistance. So let's"}, {"start": "00:22:06", "end": "00:22:09", "text": "see if Bitcoin can change that. The"}, {"start": "00:22:07", "end": "00:22:11", "text": "thing is it can always change assets"}, {"start": "00:22:09", "end": "00:22:13", "text": "change, charts change."}, {"start": "00:22:11", "end": "00:22:15", "text": "So"}, {"start": "00:22:13", "end": "00:22:17", "text": "we we need to monitor the charts"}, {"start": "00:22:15", "end": "00:22:19", "text": "separately. Um maybe people say that"}, {"start": "00:22:17", "end": "00:22:22", "text": "because stocks are pumping. Bitcoin has"}, {"start": "00:22:19", "end": "00:22:24", "text": "to pump. Bitcoin and crypto went down"}, {"start": "00:22:22", "end": "00:22:27", "text": "between 50 and 90%. While stocks were"}, {"start": "00:22:24", "end": "00:22:30", "text": "pumping since October. So that's in"}, {"start": "00:22:27", "end": "00:22:32", "text": "terms of the uh the markets. Let's check"}, {"start": "00:22:30", "end": "00:22:36", "text": "some other things which are closer to"}, {"start": "00:22:32", "end": "00:22:41", "text": "the flip. For example, here GSG"}, {"start": "00:22:36", "end": "00:22:45", "text": "commodity index still bullish. Um 31"}, {"start": "00:22:41", "end": "00:22:48", "text": "per flip will be at 29.9."}, {"start": "00:22:45", "end": "00:22:50", "text": "So, if this flips bearish,"}, {"start": "00:22:48", "end": "00:22:52", "text": "that's a good signal uh for for the"}, {"start": "00:22:50", "end": "00:22:55", "text": "bulls. For now, it's bullish. So, that's"}, {"start": "00:22:52", "end": "00:22:58", "text": "one that's one to monitor. Uh and so"}, {"start": "00:22:55", "end": "00:22:58", "text": "forth. Yeah."}, {"start": "00:23:00", "end": "00:23:06", "text": "Yo, Eric, my grid bots are performing"}, {"start": "00:23:03", "end": "00:23:10", "text": "nicely. You mean you you've automated"}, {"start": "00:23:06", "end": "00:23:10", "text": "them? Oh, you did them."}, {"start": "00:23:18", "end": "00:23:23", "text": "What's your reaction going to be once"}, {"start": "00:23:19", "end": "00:23:25", "text": "the bottom has proven to be in? Uh I"}, {"start": "00:23:23", "end": "00:23:28", "text": "mean we adjust if it is the case that uh"}, {"start": "00:23:25", "end": "00:23:29", "text": "we keep pumping. We adjust because if"}, {"start": "00:23:28", "end": "00:23:30", "text": "you've been following the channel you"}, {"start": "00:23:29", "end": "00:23:33", "text": "know that we respect the trend whatever"}, {"start": "00:23:30", "end": "00:23:35", "text": "the trend is we respected in that way."}, {"start": "00:23:33", "end": "00:23:37", "text": "We're very very humble. We don't try to"}, {"start": "00:23:35", "end": "00:23:40", "text": "predict anything. We are whatever the"}, {"start": "00:23:37", "end": "00:23:43", "text": "trend is. And for us the most important"}, {"start": "00:23:40", "end": "00:23:46", "text": "thing is to capture the biggest portion"}, {"start": "00:23:43", "end": "00:23:48", "text": "of the trend. Uh like for example here"}, {"start": "00:23:46", "end": "00:23:50", "text": "back in 2023 it turned bullish and it"}, {"start": "00:23:48", "end": "00:23:53", "text": "remained bullish for a very very long"}, {"start": "00:23:50", "end": "00:23:56", "text": "long time. So I'm not here to predict"}, {"start": "00:23:53", "end": "00:23:58", "text": "you know based on uh Fed chair or you"}, {"start": "00:23:56", "end": "00:24:01", "text": "know X payments you say X payments are"}, {"start": "00:23:58", "end": "00:24:03", "text": "coming. We're not here to base decisions"}, {"start": "00:24:01", "end": "00:24:05", "text": "based on that because u you cannot trade"}, {"start": "00:24:03", "end": "00:24:08", "text": "based on that. And the most important"}, {"start": "00:24:05", "end": "00:24:10", "text": "thing is to compound capital long term."}, {"start": "00:24:08", "end": "00:24:12", "text": "You know that for example capital in the"}, {"start": "00:24:10", "end": "00:24:15", "text": "stock market doubles approximately every"}, {"start": "00:24:12", "end": "00:24:20", "text": "10 years. So that's like the baseline."}, {"start": "00:24:15", "end": "00:24:22", "text": "If you have a coin altcoin collapses 80%"}, {"start": "00:24:20", "end": "00:24:24", "text": "destroys your capital it's very bad."}, {"start": "00:24:22", "end": "00:24:26", "text": "It's very very bad because it can take"}, {"start": "00:24:24", "end": "00:24:27", "text": "another you know five to 10 years to get"}, {"start": "00:24:26", "end": "00:24:29", "text": "it back if you even going to get it"}, {"start": "00:24:27", "end": "00:24:30", "text": "back. I mean most people having altcoins"}, {"start": "00:24:29", "end": "00:24:33", "text": "they will not get it back in the"}, {"start": "00:24:30", "end": "00:24:36", "text": "altcoin. Bitcoin is different. I mean"}, {"start": "00:24:33", "end": "00:24:38", "text": "since the derisking in October um I"}, {"start": "00:24:36", "end": "00:24:40", "text": "still have 30%. in Bitcoin. So, Bitcoin"}, {"start": "00:24:38", "end": "00:24:43", "text": "is different. You can hold it long term,"}, {"start": "00:24:40", "end": "00:24:45", "text": "but because we derisk in October, we"}, {"start": "00:24:43", "end": "00:24:47", "text": "have all of the options. All of the"}, {"start": "00:24:45", "end": "00:24:49", "text": "options when it comes to Bitcoin, when"}, {"start": "00:24:47", "end": "00:24:50", "text": "it comes to everything, people who have"}, {"start": "00:24:49", "end": "00:24:52", "text": "not derisked, who've been, you know,"}, {"start": "00:24:50", "end": "00:24:54", "text": "trading from one headline to another"}, {"start": "00:24:52", "end": "00:24:56", "text": "headline, they have zero option. They"}, {"start": "00:24:54", "end": "00:24:58", "text": "have zero option. They need to beg that"}, {"start": "00:24:56", "end": "00:25:02", "text": "this is the bottom. And that's a very,"}, {"start": "00:24:58", "end": "00:25:04", "text": "very bad position. Zero optionality. So,"}, {"start": "00:25:02", "end": "00:25:08", "text": "when you have the trend change, we"}, {"start": "00:25:04", "end": "00:25:11", "text": "change super simple. Um you have"}, {"start": "00:25:08", "end": "00:25:15", "text": "you look at the"}, {"start": "00:25:11", "end": "00:25:17", "text": "uh the different key levels."}, {"start": "00:25:15", "end": "00:25:20", "text": "So trend change is the biggest key"}, {"start": "00:25:17", "end": "00:25:22", "text": "level. Then you have a minor one up here"}, {"start": "00:25:20", "end": "00:25:23", "text": "with 100 week moving average. Should we"}, {"start": "00:25:22", "end": "00:25:25", "text": "get above it, it would also be a a big"}, {"start": "00:25:23", "end": "00:25:27", "text": "uh sign of strength and that would also"}, {"start": "00:25:25", "end": "00:25:29", "text": "mean that we're above this resistance."}, {"start": "00:25:27", "end": "00:25:33", "text": "Uh but all in all trend is bare. We"}, {"start": "00:25:29", "end": "00:25:35", "text": "follow the trend and that's the system"}, {"start": "00:25:33", "end": "00:25:39", "text": "and this ensures that we compound"}, {"start": "00:25:35", "end": "00:25:41", "text": "capital over decades just like you"}, {"start": "00:25:39", "end": "00:25:43", "text": "compare Warren Buffett to Carl I icon. I"}, {"start": "00:25:41", "end": "00:25:45", "text": "keep repeating the story but it's really"}, {"start": "00:25:43", "end": "00:25:47", "text": "all about ensuring that you don't blow"}, {"start": "00:25:45", "end": "00:25:49", "text": "up. Carl Icon did blow up. Warren"}, {"start": "00:25:47", "end": "00:25:52", "text": "Buffett never blew up. You want to"}, {"start": "00:25:49", "end": "00:25:54", "text": "capture the biggest portion of the move."}, {"start": "00:25:52", "end": "00:25:56", "text": "You don't have to capture most of the"}, {"start": "00:25:54", "end": "00:26:00", "text": "move. uh you need to ensure that you are"}, {"start": "00:25:56", "end": "00:26:02", "text": "compounding cycle by cycle. You don't"}, {"start": "00:26:00", "end": "00:26:06", "text": "reset. So for example, from 2023 to"}, {"start": "00:26:02", "end": "00:26:08", "text": "2025, we had massive gains. Now we have"}, {"start": "00:26:06", "end": "00:26:12", "text": "a war chest to redeploy into the next"}, {"start": "00:26:08", "end": "00:26:14", "text": "cycle. U and compound very important and"}, {"start": "00:26:12", "end": "00:26:17", "text": "whether you capture the entirety of the"}, {"start": "00:26:14", "end": "00:26:19", "text": "move or not does not matter. Look here,"}, {"start": "00:26:17", "end": "00:26:22", "text": "Carl Icon average 31% annual returns."}, {"start": "00:26:19", "end": "00:26:24", "text": "Warren Buffett average 20%. Uh Warren"}, {"start": "00:26:22", "end": "00:26:26", "text": "Buffett is way richer. uh he's worth 146"}, {"start": "00:26:24", "end": "00:26:28", "text": "billion icon is only worth 7 billion. I"}, {"start": "00:26:26", "end": "00:26:30", "text": "mean only in quotation mark why because"}, {"start": "00:26:28", "end": "00:26:33", "text": "compounding over a longer period of time"}, {"start": "00:26:30", "end": "00:26:36", "text": "never resetting never round shipping and"}, {"start": "00:26:33", "end": "00:26:39", "text": "everything else is simply not a"}, {"start": "00:26:36", "end": "00:26:42", "text": "reasonable or even possible strategy. I"}, {"start": "00:26:39", "end": "00:26:47", "text": "mean the only people who uh got the"}, {"start": "00:26:42", "end": "00:26:48", "text": "bottom are either those that uh tried to"}, {"start": "00:26:47", "end": "00:26:50", "text": "buy all the way down and in bitcoin is"}, {"start": "00:26:48", "end": "00:26:51", "text": "more forgiving but the issue is most"}, {"start": "00:26:50", "end": "00:26:54", "text": "people do it with altcoins whether you"}, {"start": "00:26:51", "end": "00:26:56", "text": "do it with you know"}, {"start": "00:26:54", "end": "00:26:58", "text": "avax or any other so-called blue chip or"}, {"start": "00:26:56", "end": "00:27:00", "text": "anything else the only people who got"}, {"start": "00:26:58", "end": "00:27:05", "text": "the bottom are those that you know hold"}, {"start": "00:27:00", "end": "00:27:07", "text": "90% down 95% down"}, {"start": "00:27:05", "end": "00:27:10", "text": "or DCA all the way down and that's"}, {"start": "00:27:07", "end": "00:27:12", "text": "capital destruction Instead, the the"}, {"start": "00:27:10", "end": "00:27:14", "text": "better strategy is to have the best"}, {"start": "00:27:12", "end": "00:27:17", "text": "possible riskreward entry. That's when"}, {"start": "00:27:14", "end": "00:27:20", "text": "the trend is bull like here. And ensure"}, {"start": "00:27:17", "end": "00:27:22", "text": "that you ride the trend"}, {"start": "00:27:20", "end": "00:27:27", "text": "as long as possible and you compound"}, {"start": "00:27:22", "end": "00:27:27", "text": "from cycle to cycle. That's the key."}, {"start": "00:27:33", "end": "00:27:37", "text": "But yeah, I mean you know my view"}, {"start": "00:27:34", "end": "00:27:39", "text": "currently I think it's way too early way"}, {"start": "00:27:37", "end": "00:27:44", "text": "too early to be celebrating bottom or"}, {"start": "00:27:39", "end": "00:27:44", "text": "call for bottom. It's way way too early."}, {"start": "00:27:44", "end": "00:27:49", "text": "Uh but just like we say in the big"}, {"start": "00:27:47", "end": "00:27:51", "text": "profits, we're never cornered. I mean"}, {"start": "00:27:49", "end": "00:27:52", "text": "the thing is sometimes people like oh"}, {"start": "00:27:51", "end": "00:27:53", "text": "Ian you're going you're going to be"}, {"start": "00:27:52", "end": "00:27:55", "text": "you're going to be liquidated or"}, {"start": "00:27:53", "end": "00:27:56", "text": "whatever. You're going to be liquidated."}, {"start": "00:27:55", "end": "00:27:58", "text": "You're gonna Ian's going to be"}, {"start": "00:27:56", "end": "00:28:00", "text": "liquidated guys. I mean literally it's"}, {"start": "00:27:58", "end": "00:28:02", "text": "impossible. It's impossible. it's"}, {"start": "00:28:00", "end": "00:28:05", "text": "impossible because they take their own"}, {"start": "00:28:02", "end": "00:28:08", "text": "thinking, you know, all in"}, {"start": "00:28:05", "end": "00:28:10", "text": "leverage, all in or whatever. And uh"}, {"start": "00:28:08", "end": "00:28:13", "text": "they assume that that's how everything"}, {"start": "00:28:10", "end": "00:28:15", "text": "works. Should should Bitcoin pump?"}, {"start": "00:28:13", "end": "00:28:17", "text": "Fantastic. I mean, it's it's going to be"}, {"start": "00:28:15", "end": "00:28:20", "text": "super super clear when true strength is"}, {"start": "00:28:17", "end": "00:28:21", "text": "here. Currently, it's not true strength."}, {"start": "00:28:20", "end": "00:28:25", "text": "What we're seeing here is not true"}, {"start": "00:28:21", "end": "00:28:26", "text": "strength. Can it change? It can change."}, {"start": "00:28:25", "end": "00:28:28", "text": "He can't lose. Exactly. Exactly. I mean"}, {"start": "00:28:26", "end": "00:28:32", "text": "that's this the sooner you understand it"}, {"start": "00:28:28", "end": "00:28:33", "text": "the better you it's impossible to lose"}, {"start": "00:28:32", "end": "00:28:36", "text": "and that's the position the best"}, {"start": "00:28:33", "end": "00:28:39", "text": "position to be in that uh we don't know"}, {"start": "00:28:36", "end": "00:28:42", "text": "the future we can see the trend we can"}, {"start": "00:28:39", "end": "00:28:44", "text": "adapt to what's happening but yeah never"}, {"start": "00:28:42", "end": "00:28:49", "text": "be in a position where you can lose"}, {"start": "00:28:44", "end": "00:28:53", "text": "never blow up compound over time"}, {"start": "00:28:49", "end": "00:28:56", "text": "yo Akmed habibi is Sana 30 still in play"}, {"start": "00:28:53", "end": "00:28:59", "text": "let me show you and you you tell"}, {"start": "00:28:56", "end": "00:29:03", "text": "You tell me it's still in play or"}, {"start": "00:28:59", "end": "00:29:03", "text": "something significant has changed."}, {"start": "00:29:06", "end": "00:29:12", "text": "Compounding is the eighth wonder of the"}, {"start": "00:29:09", "end": "00:29:14", "text": "world. Exactly. I think if you've been"}, {"start": "00:29:12", "end": "00:29:18", "text": "playing strategy games,"}, {"start": "00:29:14", "end": "00:29:21", "text": "whether it is Age of Empires or Coax or"}, {"start": "00:29:18", "end": "00:29:23", "text": "Starcraft, I think you understand it a"}, {"start": "00:29:21", "end": "00:29:25", "text": "bit better on a like some subconscious"}, {"start": "00:29:23", "end": "00:29:26", "text": "level. Let me guess if you've been if"}, {"start": "00:29:25", "end": "00:29:27", "text": "you've been through it. That's why you"}, {"start": "00:29:26", "end": "00:29:29", "text": "know blowing up it's it's never good."}, {"start": "00:29:27", "end": "00:29:31", "text": "Round tripping is you also want to avoid"}, {"start": "00:29:29", "end": "00:29:33", "text": "that. But you know as a kid I played a"}, {"start": "00:29:31", "end": "00:29:37", "text": "lot of strategy games and you know early"}, {"start": "00:29:33", "end": "00:29:40", "text": "minutes of the game you send the guys to"}, {"start": "00:29:37", "end": "00:29:41", "text": "chop wood man you it's like one wood"}, {"start": "00:29:40", "end": "00:29:45", "text": "wood"}, {"start": "00:29:41", "end": "00:29:47", "text": "number one wood unit for like five"}, {"start": "00:29:45", "end": "00:29:50", "text": "million man. They chop. They chop so"}, {"start": "00:29:47", "end": "00:29:53", "text": "slow. You have 10 wood. Finally you can"}, {"start": "00:29:50", "end": "00:29:55", "text": "build the freaking barrex. They chop so"}, {"start": "00:29:53", "end": "00:29:57", "text": "slow. You send the guys to do stone."}, {"start": "00:29:55", "end": "00:29:59", "text": "Tick, tick, tick. Man, they chop so"}, {"start": "00:29:57", "end": "00:30:01", "text": "slow. The stone, they chop so slow."}, {"start": "00:29:59", "end": "00:30:04", "text": "Okay, time passes. You expand. You"}, {"start": "00:30:01", "end": "00:30:06", "text": "expand. You expand. In the end game,"}, {"start": "00:30:04", "end": "00:30:09", "text": "man, this wood comes in by the"}, {"start": "00:30:06", "end": "00:30:11", "text": "thousands. By the thousands. I mean, in"}, {"start": "00:30:09", "end": "00:30:12", "text": "the early game, just to chop one"}, {"start": "00:30:11", "end": "00:30:15", "text": "freaking wood, it took like 20 minutes."}, {"start": "00:30:12", "end": "00:30:17", "text": "Now, by the thousands, I have, you know,"}, {"start": "00:30:15", "end": "00:30:20", "text": "five,000 guys chopping it in real time."}, {"start": "00:30:17", "end": "00:30:21", "text": "Full upgraded, just flowing and flowing."}, {"start": "00:30:20", "end": "00:30:23", "text": "I don't I don't know what to do with the"}, {"start": "00:30:21", "end": "00:30:26", "text": "money man. I don't know what to do with"}, {"start": "00:30:23", "end": "00:30:28", "text": "the funds. The same thing is here like"}, {"start": "00:30:26", "end": "00:30:32", "text": "compounding it really grows"}, {"start": "00:30:28", "end": "00:30:33", "text": "exponentially. And so I mean imagine if"}, {"start": "00:30:32", "end": "00:30:36", "text": "for example in the in the stock market"}, {"start": "00:30:33", "end": "00:30:38", "text": "which is like the baseline uh it doubles"}, {"start": "00:30:36", "end": "00:30:40", "text": "every 10 years. So that's why when you"}, {"start": "00:30:38", "end": "00:30:42", "text": "look at crypto when you look at all"}, {"start": "00:30:40", "end": "00:30:43", "text": "other opportunities you need to compare"}, {"start": "00:30:42", "end": "00:30:45", "text": "it to that like stock market doubles"}, {"start": "00:30:43", "end": "00:30:48", "text": "every 10 years."}, {"start": "00:30:45", "end": "00:30:51", "text": "And if you compare let's say to uh BTC"}, {"start": "00:30:48", "end": "00:30:53", "text": "over the last 10 years, you can more or"}, {"start": "00:30:51", "end": "00:30:55", "text": "less you can more or less see if the"}, {"start": "00:30:53", "end": "00:30:58", "text": "risk was worth it. So BTC is still worth"}, {"start": "00:30:55", "end": "00:31:00", "text": "it but many altcoins"}, {"start": "00:30:58", "end": "00:31:03", "text": "uh are not. I mean most alt coins don't"}, {"start": "00:31:00", "end": "00:31:06", "text": "come back. But if we look back from 2017"}, {"start": "00:31:03", "end": "00:31:08", "text": "to now"}, {"start": "00:31:06", "end": "00:31:14", "text": "uh so Bitcoin topped out like 20K in"}, {"start": "00:31:08", "end": "00:31:16", "text": "2017 and now it is uh 74."}, {"start": "00:31:14", "end": "00:31:18", "text": "So it's like 300%. So it's definitely"}, {"start": "00:31:16", "end": "00:31:21", "text": "worth it from if you compare to stocks."}, {"start": "00:31:18", "end": "00:31:23", "text": "So Bitcoin in the last 10 10 years. And"}, {"start": "00:31:21", "end": "00:31:25", "text": "of course it's I mean if you if you look"}, {"start": "00:31:23", "end": "00:31:29", "text": "even earlier if if we look look at the"}, {"start": "00:31:25", "end": "00:31:31", "text": "dates, Bitcoin was like 3K. So Bitcoin"}, {"start": "00:31:29", "end": "00:31:33", "text": "has outperformed stocks quite nicely"}, {"start": "00:31:31", "end": "00:31:35", "text": "over the past 10 uh 10 years. But that's"}, {"start": "00:31:33", "end": "00:31:37", "text": "going to be an important thing to track."}, {"start": "00:31:35", "end": "00:31:39", "text": "And especially with alts, most of them"}, {"start": "00:31:37", "end": "00:31:40", "text": "don't I mean look at many alts from 10"}, {"start": "00:31:39", "end": "00:31:42", "text": "years ago. Where are they now? They're"}, {"start": "00:31:40", "end": "00:31:44", "text": "they're nowhere. They're nowhere."}, {"start": "00:31:42", "end": "00:31:48", "text": "They're they're nowhere to be seen."}, {"start": "00:31:44", "end": "00:31:51", "text": "the base performance in like risk on is"}, {"start": "00:31:48", "end": "00:31:54", "text": "uh S&P because equities are seen more"}, {"start": "00:31:51", "end": "00:31:55", "text": "more as risk on versus bonds and others"}, {"start": "00:31:54", "end": "00:31:57", "text": "and they they double every 10 years"}, {"start": "00:31:55", "end": "00:32:00", "text": "approximately inflation adjusted"}, {"start": "00:31:57", "end": "00:32:04", "text": "inflation adjusted very important"}, {"start": "00:32:00", "end": "00:32:07", "text": "u and uh yeah if you have let's say $10"}, {"start": "00:32:04", "end": "00:32:09", "text": "let's for the sake of uh argument here"}, {"start": "00:32:07", "end": "00:32:12", "text": "so it's it's more real let's say you"}, {"start": "00:32:09", "end": "00:32:14", "text": "have 1 million now and you are let's say"}, {"start": "00:32:12", "end": "00:32:17", "text": "30 or sold. Okay. It's like kind of"}, {"start": "00:32:14", "end": "00:32:19", "text": "Warren Buffett scenario."}, {"start": "00:32:17", "end": "00:32:20", "text": "And you know, we think, okay, I'm 30,"}, {"start": "00:32:19", "end": "00:32:22", "text": "maybe when I'm 40, it's going to be 2"}, {"start": "00:32:20", "end": "00:32:24", "text": "million. And then, you know, when I'm"}, {"start": "00:32:22", "end": "00:32:25", "text": "50, maybe it's going to be three. Like,"}, {"start": "00:32:24", "end": "00:32:27", "text": "we think like that. But markets don't"}, {"start": "00:32:25", "end": "00:32:30", "text": "work like that. If they double every 10"}, {"start": "00:32:27", "end": "00:32:33", "text": "years, okay, when you're 40, now it is"}, {"start": "00:32:30", "end": "00:32:36", "text": "double, two. When you're 50, now it is"}, {"start": "00:32:33", "end": "00:32:39", "text": "four. When you're 60, now it is eight."}, {"start": "00:32:36", "end": "00:32:44", "text": "When you're 70, now it is 16. When"}, {"start": "00:32:39", "end": "00:32:46", "text": "you're 80, now it is 32. when you're how"}, {"start": "00:32:44", "end": "00:32:48", "text": "how old is Buffett now? Is he above 90?"}, {"start": "00:32:46", "end": "00:32:51", "text": "But anyway, when you're 90, now it is"}, {"start": "00:32:48", "end": "00:32:55", "text": "64. As you can see, very quickly, you're"}, {"start": "00:32:51", "end": "00:32:56", "text": "like at 100x. So, time"}, {"start": "00:32:55", "end": "00:32:59", "text": "is the most important thing when it"}, {"start": "00:32:56", "end": "00:33:02", "text": "comes to compounding. And if you if you"}, {"start": "00:32:59", "end": "00:33:04", "text": "mess it up, if you mess it up, let's say"}, {"start": "00:33:02", "end": "00:33:06", "text": "you round trip, you buy shitcoin, your"}, {"start": "00:33:04", "end": "00:33:08", "text": "diamond hand, you round trip. Let's say"}, {"start": "00:33:06", "end": "00:33:10", "text": "here you round trip, you go back to"}, {"start": "00:33:08", "end": "00:33:12", "text": "let's say one."}, {"start": "00:33:10", "end": "00:33:14", "text": "Okay, you're basically here you you're"}, {"start": "00:33:12", "end": "00:33:16", "text": "losing you would be losing out on like"}, {"start": "00:33:14", "end": "00:33:19", "text": "you know 32 million here in in the last"}, {"start": "00:33:16", "end": "00:33:21", "text": "step because if you look at this model"}, {"start": "00:33:19", "end": "00:33:23", "text": "you see how much your last step gives"}, {"start": "00:33:21", "end": "00:33:25", "text": "you like you know per unit of time how"}, {"start": "00:33:23", "end": "00:33:29", "text": "much the composing gives you in the last"}, {"start": "00:33:25", "end": "00:33:31", "text": "step if you then round trip"}, {"start": "00:33:29", "end": "00:33:32", "text": "and you take yourself a few steps back"}, {"start": "00:33:31", "end": "00:33:36", "text": "like the effects are massive. So that's"}, {"start": "00:33:32", "end": "00:33:38", "text": "why never blop and instead"}, {"start": "00:33:36", "end": "00:33:40", "text": "uh the strategy for us is to ensure that"}, {"start": "00:33:38", "end": "00:33:42", "text": "we capture most of the move never blow"}, {"start": "00:33:40", "end": "00:33:46", "text": "up component until next next cycle have"}, {"start": "00:33:42", "end": "00:33:50", "text": "massive massive massive options and uh"}, {"start": "00:33:46", "end": "00:33:53", "text": "can continue for for decades kind of"}, {"start": "00:33:50", "end": "00:33:53", "text": "like Buffett"}, {"start": "00:33:56", "end": "00:34:01", "text": "Ivan has stopped talking about Yeah. So"}, {"start": "00:33:59", "end": "00:34:03", "text": "we don't talk about politics that much"}, {"start": "00:34:01", "end": "00:34:05", "text": "uh uh anymore guys. I see a question"}, {"start": "00:34:03", "end": "00:34:09", "text": "about have you start stopped talking"}, {"start": "00:34:05", "end": "00:34:10", "text": "about politics exactly. It's um it's I"}, {"start": "00:34:09", "end": "00:34:14", "text": "don't know. I get like burned out on the"}, {"start": "00:34:10", "end": "00:34:16", "text": "topic. It's uh not interesting because"}, {"start": "00:34:14", "end": "00:34:19", "text": "yeah I don't know what it is like with"}, {"start": "00:34:16", "end": "00:34:22", "text": "policy. I'm simply not interested. It's"}, {"start": "00:34:19", "end": "00:34:24", "text": "it's all for guys anyway. It was"}, {"start": "00:34:22", "end": "00:34:26", "text": "supposed to be no wars,"}, {"start": "00:34:24", "end": "00:34:28", "text": "low tax, pro crypto like crypto reserve"}, {"start": "00:34:26", "end": "00:34:31", "text": "and all of that. I don't know what"}, {"start": "00:34:28", "end": "00:34:35", "text": "happened and the same thing is kind of"}, {"start": "00:34:31", "end": "00:34:38", "text": "with Europe and everything. So yeah, we"}, {"start": "00:34:35", "end": "00:34:40", "text": "it's just not in my interest. It's crazy"}, {"start": "00:34:38", "end": "00:34:41", "text": "that interest can change this this fast"}, {"start": "00:34:40", "end": "00:34:44", "text": "because last year we would be covering"}, {"start": "00:34:41", "end": "00:34:46", "text": "all kinds of stuff now. And also it's"}, {"start": "00:34:44", "end": "00:34:49", "text": "you know it's very divisive. It's uh"}, {"start": "00:34:46", "end": "00:34:50", "text": "people have all kinds of opinions and we"}, {"start": "00:34:49", "end": "00:34:52", "text": "may have the same opinion when it comes"}, {"start": "00:34:50", "end": "00:34:54", "text": "to you know crypto when it comes to"}, {"start": "00:34:52", "end": "00:34:57", "text": "markets but let's say we disagree on"}, {"start": "00:34:54", "end": "00:34:59", "text": "some u other thing which at the end of"}, {"start": "00:34:57", "end": "00:35:01", "text": "the day none of us can control anyway."}, {"start": "00:34:59", "end": "00:35:04", "text": "Okay. So yeah we we don't uh do too much"}, {"start": "00:35:01", "end": "00:35:06", "text": "policies mainly because I mean I I don't"}, {"start": "00:35:04", "end": "00:35:08", "text": "care I don't care anymore. That's the"}, {"start": "00:35:06", "end": "00:35:10", "text": "thing."}, {"start": "00:35:08", "end": "00:35:12", "text": "You have your assets you you have self"}, {"start": "00:35:10", "end": "00:35:14", "text": "custody. You do whatever you want. So"}, {"start": "00:35:12", "end": "00:35:15", "text": "you're outside of the mad house and"}, {"start": "00:35:14", "end": "00:35:17", "text": "that's it."}, {"start": "00:35:15", "end": "00:35:20", "text": "Do you see towel recovering or is only"}, {"start": "00:35:17", "end": "00:35:22", "text": "down from here? Let's see towel. I mean"}, {"start": "00:35:20", "end": "00:35:25", "text": "nothing is only down and nothing is only"}, {"start": "00:35:22", "end": "00:35:29", "text": "up. It's more about your position in it."}, {"start": "00:35:25", "end": "00:35:31", "text": "So let's see when it comes to tow it is"}, {"start": "00:35:29", "end": "00:35:34", "text": "uh"}, {"start": "00:35:31", "end": "00:35:35", "text": "yeah I mean it's not good that that it"}, {"start": "00:35:34", "end": "00:35:38", "text": "did a"}, {"start": "00:35:35", "end": "00:35:41", "text": "lower high. It's not good."}, {"start": "00:35:38", "end": "00:35:42", "text": "Um"}, {"start": "00:35:41", "end": "00:35:44", "text": "I don't like this chart, guys. I mean"}, {"start": "00:35:42", "end": "00:35:47", "text": "it's it's not my favorite chart. It did"}, {"start": "00:35:44", "end": "00:35:50", "text": "it did a lower high."}, {"start": "00:35:47", "end": "00:35:55", "text": "Lower high means that the trend is down."}, {"start": "00:35:50", "end": "00:35:56", "text": "Um let me check money line."}, {"start": "00:35:55", "end": "00:35:58", "text": "Money line technically bullish on it."}, {"start": "00:35:56", "end": "00:36:01", "text": "But uh"}, {"start": "00:35:58", "end": "00:36:05", "text": "I don't like the lower highs. Lower"}, {"start": "00:36:01", "end": "00:36:06", "text": "high. I I don't want to see lower high."}, {"start": "00:36:05", "end": "00:36:09", "text": "I'm not buying anything that has a low"}, {"start": "00:36:06", "end": "00:36:12", "text": "that just did a lower high."}, {"start": "00:36:09", "end": "00:36:15", "text": "I need a higher high. I need trend up."}, {"start": "00:36:12", "end": "00:36:15", "text": "Very important."}, {"start": "00:36:15", "end": "00:36:21", "text": "If sailor had changed the cycle, we"}, {"start": "00:36:18", "end": "00:36:22", "text": "would have been higher last year. Yeah."}, {"start": "00:36:21", "end": "00:36:24", "text": "So sailor does not change the cycle. I"}, {"start": "00:36:22", "end": "00:36:27", "text": "don't think that sellers changes change"}, {"start": "00:36:24", "end": "00:36:29", "text": "the cycle. I see it now and then that"}, {"start": "00:36:27", "end": "00:36:33", "text": "people say sailor has changed the cycle."}, {"start": "00:36:29", "end": "00:36:34", "text": "I think he I mean the cycle is a cycle."}, {"start": "00:36:33", "end": "00:36:36", "text": "One guy can he change the cycle? It"}, {"start": "00:36:34", "end": "00:36:38", "text": "needs to be a collective reset of"}, {"start": "00:36:36", "end": "00:36:41", "text": "psychology"}, {"start": "00:36:38", "end": "00:36:42", "text": "where everyone is all bearish. And I"}, {"start": "00:36:41", "end": "00:36:44", "text": "know that you know some people say that"}, {"start": "00:36:42", "end": "00:36:47", "text": "oh everyone is so bearish guys everyone"}, {"start": "00:36:44", "end": "00:36:51", "text": "is not is not super bearish. Uh as soon"}, {"start": "00:36:47", "end": "00:36:53", "text": "as I say something that is a bit uh"}, {"start": "00:36:51", "end": "00:36:54", "text": "bearish on Twitter the push back is"}, {"start": "00:36:53", "end": "00:36:56", "text": "quite big. So to say that everyone is"}, {"start": "00:36:54", "end": "00:36:58", "text": "bearish I don't think everyone is"}, {"start": "00:36:56", "end": "00:36:59", "text": "bearish. Do you think everyone is"}, {"start": "00:36:58", "end": "00:37:02", "text": "bearish on Twitter? I think so. I think"}, {"start": "00:36:59", "end": "00:37:03", "text": "many people are extremely bullish and"}, {"start": "00:37:02", "end": "00:37:05", "text": "they don't want to hear anything"}, {"start": "00:37:03", "end": "00:37:07", "text": "bearish. So we need a reset. Like"}, {"start": "00:37:05", "end": "00:37:09", "text": "Bitcoin needs to change hands. It's"}, {"start": "00:37:07", "end": "00:37:12", "text": "still a signal that uh many people are"}, {"start": "00:37:09", "end": "00:37:16", "text": "hopeful and their souls are not crushed."}, {"start": "00:37:12", "end": "00:37:18", "text": "Their dreams for a bull are not crashed."}, {"start": "00:37:16", "end": "00:37:21", "text": "It's not crashed."}, {"start": "00:37:18", "end": "00:37:23", "text": "Where is this guy I talked to the other"}, {"start": "00:37:21", "end": "00:37:26", "text": "day? Oh, yeah. Yeah, it's Colin. It's"}, {"start": "00:37:23", "end": "00:37:29", "text": "Colin. It's Colin. It's Colin."}, {"start": "00:37:26", "end": "00:37:32", "text": "Uh we talk sometimes on Twitter. Let me"}, {"start": "00:37:29", "end": "00:37:34", "text": "see where he posted this. It was very"}, {"start": "00:37:32", "end": "00:37:35", "text": "interesting because he posted the"}, {"start": "00:37:34", "end": "00:37:37", "text": "sentiment. Yeah, exactly. Exactly."}, {"start": "00:37:35", "end": "00:37:40", "text": "Exactly."}, {"start": "00:37:37", "end": "00:37:42", "text": "I'm loving this bullish sentiment that"}, {"start": "00:37:40", "end": "00:37:44", "text": "pervades the common section. It means"}, {"start": "00:37:42", "end": "00:37:47", "text": "the bottom is not in. Yeah. I mean this"}, {"start": "00:37:44", "end": "00:37:48", "text": "is this is very common. So sometimes you"}, {"start": "00:37:47", "end": "00:37:50", "text": "say, \"Oh no, everyone is bearish.\" I"}, {"start": "00:37:48", "end": "00:37:51", "text": "don't know. Everyone is bearish. I don't"}, {"start": "00:37:50", "end": "00:37:53", "text": "think so, man. People are freaking"}, {"start": "00:37:51", "end": "00:37:57", "text": "bullish as hell."}, {"start": "00:37:53", "end": "00:37:59", "text": "It's very bullish."}, {"start": "00:37:57", "end": "00:38:01", "text": "He listened to Jang and realized the"}, {"start": "00:37:59", "end": "00:38:03", "text": "game is rigged. Actually, that's very"}, {"start": "00:38:01", "end": "00:38:06", "text": "true. Maybe that's I I didn't think"}, {"start": "00:38:03", "end": "00:38:07", "text": "about it exactly like that."}, {"start": "00:38:06", "end": "00:38:12", "text": "But there is a lot of truth to that."}, {"start": "00:38:07", "end": "00:38:12", "text": "After listening to Professor Jang"}, {"start": "00:38:12", "end": "00:38:17", "text": "and but also Simon Dixon, I need to"}, {"start": "00:38:14", "end": "00:38:19", "text": "invite Simon Dixon on the channel."}, {"start": "00:38:17", "end": "00:38:20", "text": "That that's actually very true. But I I"}, {"start": "00:38:19", "end": "00:38:23", "text": "came to the realization that it's it's"}, {"start": "00:38:20", "end": "00:38:26", "text": "kind of a bigger g game at play here."}, {"start": "00:38:23", "end": "00:38:29", "text": "Okay. Uh it's kind of a bigger game at"}, {"start": "00:38:26", "end": "00:38:31", "text": "play. One second. What was this? And uh"}, {"start": "00:38:29", "end": "00:38:34", "text": "you know that you you worry about"}, {"start": "00:38:31", "end": "00:38:39", "text": "politics. It's like um you know some"}, {"start": "00:38:34", "end": "00:38:40", "text": "pleb uh living in the matrix. Okay."}, {"start": "00:38:39", "end": "00:38:43", "text": "May maybe it's correct. Maybe it's"}, {"start": "00:38:40", "end": "00:38:43", "text": "correct."}, {"start": "00:38:45", "end": "00:38:49", "text": "Maybe you put the the finger on it."}, {"start": "00:38:48", "end": "00:38:51", "text": "Maybe it is correct. Yeah. Because the"}, {"start": "00:38:49", "end": "00:38:54", "text": "more I listen to Professor Jang, but"}, {"start": "00:38:51", "end": "00:38:56", "text": "also Simon Dixon, you understand that"}, {"start": "00:38:54", "end": "00:38:58", "text": "Yeah. It's uh if you worry about"}, {"start": "00:38:56", "end": "00:39:00", "text": "politics, you're kind of a small pleb"}, {"start": "00:38:58", "end": "00:39:01", "text": "there thinking that you matter, you're"}, {"start": "00:39:00", "end": "00:39:03", "text": "going to vote. What you going to vote? I"}, {"start": "00:39:01", "end": "00:39:05", "text": "mean, imagine you want to you want to"}, {"start": "00:39:03", "end": "00:39:07", "text": "vote for something like Good luck. Good"}, {"start": "00:39:05", "end": "00:39:08", "text": "luck."}, {"start": "00:39:07", "end": "00:39:11", "text": "Even the options you have, they're"}, {"start": "00:39:08", "end": "00:39:12", "text": "they're not super different. It doesn't"}, {"start": "00:39:11", "end": "00:39:16", "text": "matter, man. Doesn't matter. The outcome"}, {"start": "00:39:12", "end": "00:39:21", "text": "is the same. The outcome is is largely"}, {"start": "00:39:16", "end": "00:39:21", "text": "the same. Yeah, largely the same."}, {"start": "00:39:25", "end": "00:39:29", "text": "Not sure why people want the cycle to"}, {"start": "00:39:27", "end": "00:39:32", "text": "end. Once that happens, the opportunity"}, {"start": "00:39:29", "end": "00:39:34", "text": "is gone. Uh yeah, I mean if you hold if"}, {"start": "00:39:32", "end": "00:39:36", "text": "you didn't derisk, you're not in a calm"}, {"start": "00:39:34", "end": "00:39:41", "text": "position. I mean that's human nature."}, {"start": "00:39:36", "end": "00:39:44", "text": "Human nature. You cannot be seeing this"}, {"start": "00:39:41", "end": "00:39:46", "text": "with uh with a calm Yeah. with a calm"}, {"start": "00:39:44", "end": "00:39:48", "text": "head."}, {"start": "00:39:46", "end": "00:39:50", "text": "You're of course you want it to bottom."}, {"start": "00:39:48", "end": "00:39:55", "text": "So maybe you go back to break even. It's"}, {"start": "00:39:50", "end": "00:39:55", "text": "uh it's always like that."}, {"start": "00:39:55", "end": "00:39:58", "text": "And been there done. I mean I've been"}, {"start": "00:39:56", "end": "00:40:00", "text": "there. I've done that since uh since I"}, {"start": "00:39:58", "end": "00:40:01", "text": "joined crypto in 2013. I've I've been"}, {"start": "00:40:00", "end": "00:40:03", "text": "everywhere. I've done everything. I've"}, {"start": "00:40:01", "end": "00:40:07", "text": "been in all positions in all of the"}, {"start": "00:40:03", "end": "00:40:11", "text": "psychological traps. And uh I understand"}, {"start": "00:40:07", "end": "00:40:15", "text": "exactly. It's kind of like,"}, {"start": "00:40:11", "end": "00:40:20", "text": "let me show you here."}, {"start": "00:40:15", "end": "00:40:20", "text": "It was at the end of chapter one."}, {"start": "00:40:24", "end": "00:40:29", "text": "When you have a when you have a pump,"}, {"start": "00:40:27", "end": "00:40:31", "text": "feels amazing."}, {"start": "00:40:29", "end": "00:40:32", "text": "in the bear. In the bear I mean you feel"}, {"start": "00:40:31", "end": "00:40:36", "text": "that your life is different here. Here"}, {"start": "00:40:32", "end": "00:40:40", "text": "here so I I explain my biggest loss what"}, {"start": "00:40:36", "end": "00:40:43", "text": "happened and um how day by day the the"}, {"start": "00:40:40", "end": "00:40:45", "text": "bare market unfolded. So this is this"}, {"start": "00:40:43", "end": "00:40:47", "text": "from my book big profits. There was a"}, {"start": "00:40:45", "end": "00:40:49", "text": "moment maybe three months into the crash"}, {"start": "00:40:47", "end": "00:40:51", "text": "when the market bounced for a few"}, {"start": "00:40:49", "end": "00:40:55", "text": "glorious weeks. It felt like the"}, {"start": "00:40:51", "end": "00:40:56", "text": "nightmare was ending. The chart started"}, {"start": "00:40:55", "end": "00:41:00", "text": "turning"}, {"start": "00:40:56", "end": "00:41:02", "text": "um and became green. Hope crept back in."}, {"start": "00:41:00", "end": "00:41:04", "text": "I remembered the physical sensation of"}, {"start": "00:41:02", "end": "00:41:07", "text": "relief. My shoulders dropping. My jaw"}, {"start": "00:41:04", "end": "00:41:10", "text": "unclenching. The ability to talk a full"}, {"start": "00:41:07", "end": "00:41:11", "text": "breath for the first time in months."}, {"start": "00:41:10", "end": "00:41:13", "text": "Sorry. The ability to take a full breath"}, {"start": "00:41:11", "end": "00:41:15", "text": "for the first time in months. Life life"}, {"start": "00:41:13", "end": "00:41:17", "text": "was fun again. I was present with my"}, {"start": "00:41:15", "end": "00:41:19", "text": "family in a way I haven't been. So"}, {"start": "00:41:17", "end": "00:41:20", "text": "obviously"}, {"start": "00:41:19", "end": "00:41:22", "text": "people want that feeling. You don't want"}, {"start": "00:41:20", "end": "00:41:25", "text": "you you don't want it to disappear. You"}, {"start": "00:41:22", "end": "00:41:27", "text": "don't want to disappear."}, {"start": "00:41:25", "end": "00:41:30", "text": "The vacation from hell felt like"}, {"start": "00:41:27", "end": "00:41:32", "text": "salvation, but it was a mirage. The"}, {"start": "00:41:30", "end": "00:41:34", "text": "bounce was just that, a bounce, a lower"}, {"start": "00:41:32", "end": "00:41:36", "text": "high before the next leg down. Within"}, {"start": "00:41:34", "end": "00:41:39", "text": "weeks, the market resumed its descent"}, {"start": "00:41:36", "end": "00:41:42", "text": "and I was pulled back into the abyss."}, {"start": "00:41:39", "end": "00:41:45", "text": "Except now it was worse because I had"}, {"start": "00:41:42", "end": "00:41:47", "text": "tasted hope. I had believed it was over."}, {"start": "00:41:45", "end": "00:41:49", "text": "The psychological whiplash was"}, {"start": "00:41:47", "end": "00:41:51", "text": "devastating. So yeah, I mean, I've been"}, {"start": "00:41:49", "end": "00:41:53", "text": "there. I've been there. In terms of the"}, {"start": "00:41:51", "end": "00:41:56", "text": "trend,"}, {"start": "00:41:53", "end": "00:41:58", "text": "you have the money line, you have the"}, {"start": "00:41:56", "end": "00:42:02", "text": "100 week and of course like we need to"}, {"start": "00:41:58", "end": "00:42:04", "text": "create a uh higher high. I mean this is"}, {"start": "00:42:02", "end": "00:42:06", "text": "a high"}, {"start": "00:42:04", "end": "00:42:09", "text": "we need to go above it."}, {"start": "00:42:06", "end": "00:42:12", "text": "That would that would be like the bingo"}, {"start": "00:42:09", "end": "00:42:15", "text": "where it's bullish 100 week and we go to"}, {"start": "00:42:12", "end": "00:42:17", "text": "a higher high is the bingo."}, {"start": "00:42:15", "end": "00:42:19", "text": "It's like Hanslander."}, {"start": "00:42:17", "end": "00:42:21", "text": "It's a bingo. Is that how you say it?"}, {"start": "00:42:19", "end": "00:42:24", "text": "Until then,"}, {"start": "00:42:21", "end": "00:42:28", "text": "the chance of a higher high is uh sorry,"}, {"start": "00:42:24", "end": "00:42:30", "text": "a lower high is is the primary chance."}, {"start": "00:42:28", "end": "00:42:31", "text": "And guys, now we haven't even broken out"}, {"start": "00:42:30", "end": "00:42:35", "text": "from this previous low, previous year"}, {"start": "00:42:31", "end": "00:42:35", "text": "low resistance."}, {"start": "00:42:40", "end": "00:42:46", "text": "Uh looks like I might I might get back"}, {"start": "00:42:44", "end": "00:42:48", "text": "in. Not about price, but about the"}, {"start": "00:42:46", "end": "00:42:49", "text": "bubble."}, {"start": "00:42:48", "end": "00:42:52", "text": "The crazy part is that always happens."}, {"start": "00:42:49", "end": "00:42:54", "text": "It's been happening for years and people"}, {"start": "00:42:52", "end": "00:42:55", "text": "still fall for it. You mean what? You"}, {"start": "00:42:54", "end": "00:42:58", "text": "mean the the bounce or you mean the like"}, {"start": "00:42:55", "end": "00:43:00", "text": "the political stuff?"}, {"start": "00:42:58", "end": "00:43:02", "text": "We went out of sanity. Potus closes"}, {"start": "00:43:00", "end": "00:43:04", "text": "hormus. Oil price drops. What the [�__�]"}, {"start": "00:43:02", "end": "00:43:07", "text": "is going? Yeah. Yeah. This is why you"}, {"start": "00:43:04", "end": "00:43:09", "text": "look at the charts. Yes. If you try to"}, {"start": "00:43:07", "end": "00:43:11", "text": "analyze,"}, {"start": "00:43:09", "end": "00:43:14", "text": "if you try to analyze that, you know,"}, {"start": "00:43:11", "end": "00:43:16", "text": "stocks are pumping but hormuz is closed."}, {"start": "00:43:14", "end": "00:43:18", "text": "Uh it's wrong. It's wrong. Like I look"}, {"start": "00:43:16", "end": "00:43:20", "text": "at the this as the primary signal. Then"}, {"start": "00:43:18", "end": "00:43:22", "text": "of course hormones and everything it's a"}, {"start": "00:43:20", "end": "00:43:24", "text": "secondary. It's secondary. But now"}, {"start": "00:43:22", "end": "00:43:25", "text": "stocks are pumping despite what hell is"}, {"start": "00:43:24", "end": "00:43:28", "text": "happening to hormuz and that's the"}, {"start": "00:43:25", "end": "00:43:30", "text": "primary signal. So don't get caught up"}, {"start": "00:43:28", "end": "00:43:33", "text": "too much in the news because the thing"}, {"start": "00:43:30", "end": "00:43:35", "text": "is we don't know the news. Big players"}, {"start": "00:43:33", "end": "00:43:37", "text": "are positioning like this. Do they know"}, {"start": "00:43:35", "end": "00:43:39", "text": "something? Is Chi Jinping pushing in big"}, {"start": "00:43:37", "end": "00:43:41", "text": "fat orders because he he's going to"}, {"start": "00:43:39", "end": "00:43:45", "text": "create a big fat agreement? Like we"}, {"start": "00:43:41", "end": "00:43:47", "text": "don't know. So we can read the news as"}, {"start": "00:43:45", "end": "00:43:51", "text": "entertainment educ education for ed"}, {"start": "00:43:47", "end": "00:43:54", "text": "enterainment edertainment um potentially"}, {"start": "00:43:51", "end": "00:43:57", "text": "potentially use it as confirmation. So"}, {"start": "00:43:54", "end": "00:43:59", "text": "for example in a bare trend when the"}, {"start": "00:43:57", "end": "00:44:02", "text": "when when the the trend is bearish uh"}, {"start": "00:43:59", "end": "00:44:03", "text": "and then you have the news confirming"}, {"start": "00:44:02", "end": "00:44:04", "text": "okay it's good then you have both the"}, {"start": "00:44:03", "end": "00:44:07", "text": "price and the news being on the same"}, {"start": "00:44:04", "end": "00:44:09", "text": "page but if the price and the news are"}, {"start": "00:44:07", "end": "00:44:11", "text": "on different pages price always wins"}, {"start": "00:44:09", "end": "00:44:14", "text": "always wins because we simply don't know"}, {"start": "00:44:11", "end": "00:44:17", "text": "the news okay but we know that someone"}, {"start": "00:44:14", "end": "00:44:18", "text": "is positioning like hell okay billions"}, {"start": "00:44:17", "end": "00:44:21", "text": "and billions hundreds of billions are"}, {"start": "00:44:18", "end": "00:44:24", "text": "flowing in someone is positioning bigly"}, {"start": "00:44:21", "end": "00:44:25", "text": "okay and the news may be coming out in"}, {"start": "00:44:24", "end": "00:44:28", "text": "one week, two week, three week. Who"}, {"start": "00:44:25", "end": "00:44:28", "text": "knows?"}, {"start": "00:44:31", "end": "00:44:36", "text": "Red tagged you about stretch. Love your"}, {"start": "00:44:34", "end": "00:44:38", "text": "show. Yeah, I mean there's going to be"}, {"start": "00:44:36", "end": "00:44:40", "text": "always always a discussion, you know, is"}, {"start": "00:44:38", "end": "00:44:42", "text": "stretch fully safe, is it not safe? And"}, {"start": "00:44:40", "end": "00:44:46", "text": "it's good discussions"}, {"start": "00:44:42", "end": "00:44:50", "text": "at the end of the day. uh it's u be"}, {"start": "00:44:46", "end": "00:44:52", "text": "because the the whole system with stock"}, {"start": "00:44:50", "end": "00:44:54", "text": "many kind of debt instruments also with"}, {"start": "00:44:52", "end": "00:44:57", "text": "different kinds of uh different kinds of"}, {"start": "00:44:54", "end": "00:44:59", "text": "stocks preferred stocks like you can"}, {"start": "00:44:57", "end": "00:45:02", "text": "discuss it endlessly endlessly endlessly"}, {"start": "00:44:59", "end": "00:45:04", "text": "endlessly I think the practical thing is"}, {"start": "00:45:02", "end": "00:45:07", "text": "to see here"}, {"start": "00:45:04", "end": "00:45:09", "text": "um how much they're buying that's number"}, {"start": "00:45:07", "end": "00:45:12", "text": "one and number two for me the risk is"}, {"start": "00:45:09", "end": "00:45:14", "text": "too big to be involved and that's why"}, {"start": "00:45:12", "end": "00:45:16", "text": "I'm not involved in in like stretch or"}, {"start": "00:45:14", "end": "00:45:20", "text": "or micro strategy at all because I want"}, {"start": "00:45:16", "end": "00:45:22", "text": "to have more control. If I want more"}, {"start": "00:45:20", "end": "00:45:25", "text": "gains, I want more upside, you can go to"}, {"start": "00:45:22", "end": "00:45:28", "text": "buy bit, you can go to any kind of"}, {"start": "00:45:25", "end": "00:45:30", "text": "exchange where if you want leverage, you"}, {"start": "00:45:28", "end": "00:45:31", "text": "can do leverage yourself. You don't have"}, {"start": "00:45:30", "end": "00:45:34", "text": "to rely on a corporation for you to do"}, {"start": "00:45:31", "end": "00:45:37", "text": "leverage. Okay?"}, {"start": "00:45:34", "end": "00:45:40", "text": "So, that's why for me it's uh it's just"}, {"start": "00:45:37", "end": "00:45:41", "text": "way better. I can put the stop-loss."}, {"start": "00:45:40", "end": "00:45:44", "text": "I can do everything. I I have end to-"}, {"start": "00:45:41", "end": "00:45:47", "text": "end control of what's happening. I can"}, {"start": "00:45:44", "end": "00:45:49", "text": "uh take profit when I want. So uh go"}, {"start": "00:45:47", "end": "00:45:51", "text": "back and watch the video from yesterday"}, {"start": "00:45:49", "end": "00:45:53", "text": "about uh micro strategy and and stretch"}, {"start": "00:45:51", "end": "00:45:57", "text": "and what happened recently with the with"}, {"start": "00:45:53", "end": "00:46:00", "text": "the pump towards um mid midappril and"}, {"start": "00:45:57", "end": "00:46:01", "text": "also mid-Marchch. Uh so my conclusion"}, {"start": "00:46:00", "end": "00:46:03", "text": "for myself is that it's not it's not"}, {"start": "00:46:01", "end": "00:46:05", "text": "worth it and for most people who see it"}, {"start": "00:46:03", "end": "00:46:08", "text": "as some kind of bank account where you"}, {"start": "00:46:05", "end": "00:46:12", "text": "get guaranteed yield that's not really"}, {"start": "00:46:08", "end": "00:46:14", "text": "how it works. uh so doesn't mean that"}, {"start": "00:46:12", "end": "00:46:16", "text": "you cannot have I mean you can have it"}, {"start": "00:46:14", "end": "00:46:19", "text": "you can speculate on it you can bet on"}, {"start": "00:46:16", "end": "00:46:21", "text": "um on that as a way to get yield but for"}, {"start": "00:46:19", "end": "00:46:25", "text": "us the practical thing is to just see"}, {"start": "00:46:21", "end": "00:46:28", "text": "here how much is flowing into the market"}, {"start": "00:46:25", "end": "00:46:33", "text": "uh and then see if it breaks any kind of"}, {"start": "00:46:28", "end": "00:46:37", "text": "uh level if it takes Bitcoin back to 80s"}, {"start": "00:46:33", "end": "00:46:39", "text": "uh and so on so forth then even though I"}, {"start": "00:46:37", "end": "00:46:42", "text": "myself am not exposed"}, {"start": "00:46:39", "end": "00:46:44", "text": "the buy pressure is big enough. Okay,"}, {"start": "00:46:42", "end": "00:46:45", "text": "currently it's not big enough, but"}, {"start": "00:46:44", "end": "00:46:47", "text": "that's the that's the practical way to"}, {"start": "00:46:45", "end": "00:46:49", "text": "it. And then of course you can get stuck"}, {"start": "00:46:47", "end": "00:46:52", "text": "in this like theoretical is it good, is"}, {"start": "00:46:49", "end": "00:46:54", "text": "strategy good, is strategy bad. Um yeah,"}, {"start": "00:46:52", "end": "00:46:57", "text": "that's that's secondary. Then as a micro"}, {"start": "00:46:54", "end": "00:46:59", "text": "strategy shareholder,"}, {"start": "00:46:57", "end": "00:47:02", "text": "you should just look at the the chart"}, {"start": "00:46:59", "end": "00:47:04", "text": "now. Don't over complicate it. The chart"}, {"start": "00:47:02", "end": "00:47:07", "text": "is super bare."}, {"start": "00:47:04", "end": "00:47:09", "text": "Um being a sailor maxi is very bad for"}, {"start": "00:47:07", "end": "00:47:12", "text": "your portfolio. very very bad. If it"}, {"start": "00:47:09", "end": "00:47:13", "text": "goes bull, you can be bull. If it goes"}, {"start": "00:47:12", "end": "00:47:15", "text": "at least when it needs to go above the"}, {"start": "00:47:13", "end": "00:47:17", "text": "200 book moving average."}, {"start": "00:47:15", "end": "00:47:19", "text": "That's that's the like the least that's"}, {"start": "00:47:17", "end": "00:47:21", "text": "the least. Now it got rejected by it and"}, {"start": "00:47:19", "end": "00:47:23", "text": "went a bit lower."}, {"start": "00:47:21", "end": "00:47:27", "text": "So if you boil down everything to to"}, {"start": "00:47:23", "end": "00:47:29", "text": "practice, that's how it looks like."}, {"start": "00:47:27", "end": "00:47:32", "text": "And then if you want to get stuck in"}, {"start": "00:47:29", "end": "00:47:34", "text": "theory, it's uh it's always something to"}, {"start": "00:47:32", "end": "00:47:36", "text": "discuss. You know, it's good,"}, {"start": "00:47:34", "end": "00:47:40", "text": "sustainable, it's not sustainable. There"}, {"start": "00:47:36", "end": "00:47:41", "text": "are all kinds of opinions just like with"}, {"start": "00:47:40", "end": "00:47:43", "text": "different I mean you look at anything"}, {"start": "00:47:41", "end": "00:47:46", "text": "whether it is again I'm not comparing"}, {"start": "00:47:43", "end": "00:47:49", "text": "I'm not saying that strategy is similar"}, {"start": "00:47:46", "end": "00:47:52", "text": "to uh like Luna and Celsius but you know"}, {"start": "00:47:49", "end": "00:47:54", "text": "before the thing actually collapses"}, {"start": "00:47:52", "end": "00:47:55", "text": "everyone has many opinions and I'm not"}, {"start": "00:47:54", "end": "00:47:57", "text": "saying that strategy is like that"}, {"start": "00:47:55", "end": "00:47:59", "text": "because strategy is very different it's"}, {"start": "00:47:57", "end": "00:48:01", "text": "it's public listed it's fully"}, {"start": "00:47:59", "end": "00:48:04", "text": "transparent in terms of what they're"}, {"start": "00:48:01", "end": "00:48:07", "text": "doing so there's like nothing hidden but"}, {"start": "00:48:04", "end": "00:48:09", "text": "uh I just want to said there's always"}, {"start": "00:48:07", "end": "00:48:11", "text": "discussion, debate, people have"}, {"start": "00:48:09", "end": "00:48:12", "text": "opinions, this and that and so it's not"}, {"start": "00:48:11", "end": "00:48:13", "text": "really practical to be in endless"}, {"start": "00:48:12", "end": "00:48:15", "text": "debates. The practical thing is what"}, {"start": "00:48:13", "end": "00:48:18", "text": "what you do with it, what you do with"}, {"start": "00:48:15", "end": "00:48:20", "text": "it. Um,"}, {"start": "00:48:18", "end": "00:48:22", "text": "but Eric Wall"}, {"start": "00:48:20", "end": "00:48:27", "text": "was the one that uh started to speak"}, {"start": "00:48:22", "end": "00:48:27", "text": "about the like Luna stuff."}, {"start": "00:48:28", "end": "00:48:35", "text": "He posted this yesterday"}, {"start": "00:48:32", "end": "00:48:38", "text": "uh uh saying hashstretch"}, {"start": "00:48:35", "end": "00:48:41", "text": "and he retweeted his post about Luna"}, {"start": "00:48:38", "end": "00:48:46", "text": "Ponzi."}, {"start": "00:48:41", "end": "00:48:47", "text": "Uh and uh he said stretch."}, {"start": "00:48:46", "end": "00:48:49", "text": "And then he also said, \"I don't think"}, {"start": "00:48:47", "end": "00:48:51", "text": "Stretch is nearly as bad as Luna, but I"}, {"start": "00:48:49", "end": "00:48:54", "text": "do appreciate crypto Twitter folks"}, {"start": "00:48:51", "end": "00:48:55", "text": "finally realizing what's going on.\""}, {"start": "00:48:54", "end": "00:48:57", "text": "Again, Stretch is fully transparent."}, {"start": "00:48:55", "end": "00:48:59", "text": "Like they're not hiding anything. It's"}, {"start": "00:48:57", "end": "00:49:02", "text": "just that in their marketing,"}, {"start": "00:48:59", "end": "00:49:05", "text": "they're not fully upfront with what it"}, {"start": "00:49:02", "end": "00:49:06", "text": "is because they make it sound like, you"}, {"start": "00:49:05", "end": "00:49:11", "text": "know, it's like a bank account. You get"}, {"start": "00:49:06", "end": "00:49:16", "text": "10%. Um, okay, maybe half as bad. A"}, {"start": "00:49:11", "end": "00:49:16", "text": "third as bad. Half as bad."}, {"start": "00:49:16", "end": "00:49:20", "text": "Look, just trust Sailor. If he [�__�] up,"}, {"start": "00:49:18", "end": "00:49:21", "text": "we're all dead. Anyway, exactly."}, {"start": "00:49:20", "end": "00:49:24", "text": "Exactly. That's that's another way of"}, {"start": "00:49:21", "end": "00:49:26", "text": "seeing. If sailor fs up, the magnitude"}, {"start": "00:49:24", "end": "00:49:30", "text": "of the bear is going to be so bad that"}, {"start": "00:49:26", "end": "00:49:33", "text": "it maybe doesn't even matter. Exactly."}, {"start": "00:49:30", "end": "00:49:33", "text": "Exactly."}, {"start": "00:49:33", "end": "00:49:39", "text": "I mean, do you ever think strategy will"}, {"start": "00:49:35", "end": "00:49:42", "text": "turn turn out to be like Celsius uh and"}, {"start": "00:49:39", "end": "00:49:47", "text": "uh FTX, I guess? Uh that's what scares"}, {"start": "00:49:42", "end": "00:49:49", "text": "me from those stocks. Um, no. I I don't"}, {"start": "00:49:47", "end": "00:49:54", "text": "think it's going to be like some kind of"}, {"start": "00:49:49", "end": "00:49:55", "text": "uh collapse like that where it's uh, you"}, {"start": "00:49:54", "end": "00:49:57", "text": "know, suddenly everyone realizes it's"}, {"start": "00:49:55", "end": "00:50:02", "text": "for guys. It's not like that because"}, {"start": "00:49:57", "end": "00:50:04", "text": "it's fully it's fully transparent. So,"}, {"start": "00:50:02", "end": "00:50:06", "text": "what could happen instead is that it's"}, {"start": "00:50:04", "end": "00:50:09", "text": "more like Nakamoto."}, {"start": "00:50:06", "end": "00:50:11", "text": "That can easily happen. uh where you"}, {"start": "00:50:09", "end": "00:50:15", "text": "know Nakamoto you remember it's it was"}, {"start": "00:50:11", "end": "00:50:19", "text": "it was also you know Bitcoin Treasury"}, {"start": "00:50:15", "end": "00:50:20", "text": "and then it went down a lot because of"}, {"start": "00:50:19", "end": "00:50:22", "text": "uh corporate decisions. It went down"}, {"start": "00:50:20", "end": "00:50:24", "text": "99.2%."}, {"start": "00:50:22", "end": "00:50:26", "text": "So I don't think it's going to be like"}, {"start": "00:50:24", "end": "00:50:32", "text": "FTX or Luna. I don't think I don't think"}, {"start": "00:50:26", "end": "00:50:34", "text": "that because those were I mean real"}, {"start": "00:50:32", "end": "00:50:36", "text": "more or less fraudulent. I mean FTX was"}, {"start": "00:50:34", "end": "00:50:41", "text": "clear fraud because they used customer"}, {"start": "00:50:36", "end": "00:50:44", "text": "funds. That's clear fraud. Luna"}, {"start": "00:50:41", "end": "00:50:47", "text": "is not maybe as clear because"}, {"start": "00:50:44", "end": "00:50:48", "text": "it was also transparent in the open, but"}, {"start": "00:50:47", "end": "00:50:51", "text": "people just believe that they can have"}, {"start": "00:50:48", "end": "00:50:52", "text": "this algorithmic stable coin and pay a"}, {"start": "00:50:51", "end": "00:50:56", "text": "lot of yield."}, {"start": "00:50:52", "end": "00:50:59", "text": "So Luna is maybe somewhere"}, {"start": "00:50:56", "end": "00:51:02", "text": "um yeah somewhere on the less uh scammy"}, {"start": "00:50:59", "end": "00:51:06", "text": "side still can go to zero. And then when"}, {"start": "00:51:02", "end": "00:51:07", "text": "you have a stock which is a treasury"}, {"start": "00:51:06", "end": "00:51:10", "text": "company, I mean you look at Nakamoto"}, {"start": "00:51:07", "end": "00:51:13", "text": "like this is more what can happen where"}, {"start": "00:51:10", "end": "00:51:17", "text": "the market just loses faith in the in"}, {"start": "00:51:13", "end": "00:51:19", "text": "the strategy. uh but as I would say this"}, {"start": "00:51:17", "end": "00:51:21", "text": "cycle like the coming bull cycle I still"}, {"start": "00:51:19", "end": "00:51:24", "text": "think it's a very low chance but this"}, {"start": "00:51:21", "end": "00:51:26", "text": "can happen in case Bitcoin let's say"}, {"start": "00:51:24", "end": "00:51:28", "text": "enters new bull market and then it"}, {"start": "00:51:26", "end": "00:51:30", "text": "doesn't go super high like let's say"}, {"start": "00:51:28", "end": "00:51:33", "text": "goes to"}, {"start": "00:51:30", "end": "00:51:37", "text": "150k and tops out or like 180k and tops"}, {"start": "00:51:33", "end": "00:51:39", "text": "out then this is more likely that people"}, {"start": "00:51:37", "end": "00:51:41", "text": "just lose trust in the in the strategy"}, {"start": "00:51:39", "end": "00:51:45", "text": "because the whole strategy is built on"}, {"start": "00:51:41", "end": "00:51:47", "text": "30% year-over-year performance for my"}, {"start": "00:51:45", "end": "00:51:49", "text": "for Bitcoin. So when strategy is taking"}, {"start": "00:51:47", "end": "00:51:52", "text": "on debt, they take on all of this like"}, {"start": "00:51:49", "end": "00:51:53", "text": "dividend obligations and so on so forth."}, {"start": "00:51:52", "end": "00:51:55", "text": "They could theoretically remove the"}, {"start": "00:51:53", "end": "00:51:57", "text": "dividend from from Stretch, but if they"}, {"start": "00:51:55", "end": "00:51:59", "text": "do like Stretch is going to collapse."}, {"start": "00:51:57", "end": "00:52:00", "text": "The only reason people buy it is for the"}, {"start": "00:51:59", "end": "00:52:01", "text": "dividend. So you move you remove the"}, {"start": "00:52:00", "end": "00:52:04", "text": "dividend, it's going to be a bit of a"}, {"start": "00:52:01", "end": "00:52:07", "text": "rugpull. It's going to collapse to I"}, {"start": "00:52:04", "end": "00:52:11", "text": "guess NAV value, but things can go below"}, {"start": "00:52:07", "end": "00:52:15", "text": "NAV easily as well. Uh so yeah, as long"}, {"start": "00:52:11", "end": "00:52:18", "text": "as Bitcoin is in line with this 30%"}, {"start": "00:52:15", "end": "00:52:20", "text": "yearover-year growth,"}, {"start": "00:52:18", "end": "00:52:23", "text": "my expectation is that it's going to be"}, {"start": "00:52:20", "end": "00:52:25", "text": "okay. My expectation. But why be"}, {"start": "00:52:23", "end": "00:52:27", "text": "involved in I mean why"}, {"start": "00:52:25", "end": "00:52:30", "text": "that I don't understand why, but people"}, {"start": "00:52:27", "end": "00:52:33", "text": "want to be involved. So up to them, but"}, {"start": "00:52:30", "end": "00:52:35", "text": "I I just don't get it. If you want to"}, {"start": "00:52:33", "end": "00:52:39", "text": "have volatility in Bitcoin, you want"}, {"start": "00:52:35", "end": "00:52:40", "text": "more returns, just use freaking buy bit"}, {"start": "00:52:39", "end": "00:52:43", "text": "so you control at least what's"}, {"start": "00:52:40", "end": "00:52:46", "text": "happening. Uh here it's uh it's endless"}, {"start": "00:52:43", "end": "00:52:49", "text": "this willing and dealing and uh you need"}, {"start": "00:52:46", "end": "00:52:51", "text": "to invent new ways and yeah so let's see"}, {"start": "00:52:49", "end": "00:52:53", "text": "what's going to be because just a year"}, {"start": "00:52:51", "end": "00:52:54", "text": "ago micro strategy was different and two"}, {"start": "00:52:53", "end": "00:52:56", "text": "years ago it was also different. So"}, {"start": "00:52:54", "end": "00:52:59", "text": "they're always you know inventing new"}, {"start": "00:52:56", "end": "00:53:01", "text": "things you can say maybe innovating but"}, {"start": "00:52:59", "end": "00:53:02", "text": "if you yeah so I think I guess it"}, {"start": "00:53:01", "end": "00:53:05", "text": "depends who you are you want to be part"}, {"start": "00:53:02", "end": "00:53:08", "text": "of that journey and the beyond sailor's"}, {"start": "00:53:05", "end": "00:53:10", "text": "innovation train fantastic I mean it's"}, {"start": "00:53:08", "end": "00:53:13", "text": "it's like investing in any other like"}, {"start": "00:53:10", "end": "00:53:16", "text": "company that that tries to know will and"}, {"start": "00:53:13", "end": "00:53:16", "text": "deal and create stuff"}, {"start": "00:53:21", "end": "00:53:27", "text": "Check, check, check, check."}, {"start": "00:53:24", "end": "00:53:28", "text": "Are we back?"}, {"start": "00:53:27", "end": "00:53:31", "text": "Not sure what happened. YouTube just"}, {"start": "00:53:28", "end": "00:53:33", "text": "showed no connection."}, {"start": "00:53:31", "end": "00:53:34", "text": "Yeah, I I don't remember. I don't know"}, {"start": "00:53:33", "end": "00:53:37", "text": "what the was the last thing you heard,"}, {"start": "00:53:34", "end": "00:53:40", "text": "but Well, what was the last thing you"}, {"start": "00:53:37", "end": "00:53:40", "text": "heard?"}, {"start": "00:53:41", "end": "00:53:46", "text": "We're back. We're back. We're back."}, {"start": "00:53:42", "end": "00:53:46", "text": "That's good. That's good. That's good."}, {"start": "00:53:48", "end": "00:53:54", "text": "What was the last thing you heard? I I I"}, {"start": "00:53:50", "end": "00:53:56", "text": "think we just missed a few few seconds."}, {"start": "00:53:54", "end": "00:53:58", "text": "Uh we were just speaking about that if"}, {"start": "00:53:56", "end": "00:53:59", "text": "you want if you want Bitcoin, have"}, {"start": "00:53:58", "end": "00:54:01", "text": "Bitcoin. If you want Bitcoin with more"}, {"start": "00:53:59", "end": "00:54:03", "text": "volatility, use Bitcoin with a bit of"}, {"start": "00:54:01", "end": "00:54:05", "text": "leverage. And you you don't have to use"}, {"start": "00:54:03", "end": "00:54:08", "text": "like 10x. You can use 2x. You can even"}, {"start": "00:54:05", "end": "00:54:12", "text": "use uh you know below 2x if you want"}, {"start": "00:54:08", "end": "00:54:12", "text": "more volatility. But yeah, that's that"}, {"start": "00:54:19", "end": "00:54:24", "text": "question. How would a major escalation"}, {"start": "00:54:22", "end": "00:54:28", "text": "in war"}, {"start": "00:54:24", "end": "00:54:32", "text": "affect Bitcoin in short and long term?"}, {"start": "00:54:28", "end": "00:54:32", "text": "Would that be a buy the dip opportunity?"}, {"start": "00:54:33", "end": "00:54:42", "text": "Bitcoin is in my mind super cheap. if it"}, {"start": "00:54:38", "end": "00:54:47", "text": "is at 200 week or below and it also goes"}, {"start": "00:54:42", "end": "00:54:48", "text": "below many many times in in bare cycles."}, {"start": "00:54:47", "end": "00:54:50", "text": "So"}, {"start": "00:54:48", "end": "00:54:53", "text": "I guess that's your answer. I mean if it"}, {"start": "00:54:50", "end": "00:54:55", "text": "is at 200 we I think it's super cheap."}, {"start": "00:54:53", "end": "00:54:59", "text": "It's super cheap and uh if it goes below"}, {"start": "00:54:55", "end": "00:55:03", "text": "it can go quite a bit below but it's uh"}, {"start": "00:54:59", "end": "00:55:05", "text": "very good deal. uh in an escalation"}, {"start": "00:55:03", "end": "00:55:06", "text": "again market can be super rational like"}, {"start": "00:55:05", "end": "00:55:08", "text": "now with the oil and everything stocks"}, {"start": "00:55:06", "end": "00:55:11", "text": "are alltime high so we'll just have to"}, {"start": "00:55:08", "end": "00:55:13", "text": "see what else the price does um I don't"}, {"start": "00:55:11", "end": "00:55:15", "text": "want to predict in escalation will go up"}, {"start": "00:55:13", "end": "00:55:17", "text": "and down if it's like tech stocks if it"}, {"start": "00:55:15", "end": "00:55:20", "text": "is uh still like IGV if it's trading"}, {"start": "00:55:17", "end": "00:55:23", "text": "like IGV it's following IGV quite exact"}, {"start": "00:55:20", "end": "00:55:26", "text": "the tech stock index uh my guess would"}, {"start": "00:55:23", "end": "00:55:28", "text": "be that it goes lower because then"}, {"start": "00:55:26", "end": "00:55:30", "text": "you'll have issues with inflation have"}, {"start": "00:55:28", "end": "00:55:33", "text": "issues with oil you're going to have so"}, {"start": "00:55:30", "end": "00:55:35", "text": "many issues with liquidity overall. Um,"}, {"start": "00:55:33", "end": "00:55:37", "text": "but at some point it may also migrate"}, {"start": "00:55:35", "end": "00:55:39", "text": "into the big print. That's the big"}, {"start": "00:55:37", "end": "00:55:42", "text": "unknown."}, {"start": "00:55:39", "end": "00:55:45", "text": "So, just follow the freaking chart. The"}, {"start": "00:55:42", "end": "00:55:49", "text": "war is going to be very bad for"}, {"start": "00:55:45", "end": "00:55:51", "text": "liquidity until it isn't. Just like, you"}, {"start": "00:55:49", "end": "00:55:54", "text": "know, COVID"}, {"start": "00:55:51", "end": "00:55:56", "text": "and the economy slowing down is bad for"}, {"start": "00:55:54", "end": "00:55:59", "text": "liquidity until they turn on the big"}, {"start": "00:55:56", "end": "00:56:02", "text": "print. So that's why we mainly look at"}, {"start": "00:55:59", "end": "00:56:05", "text": "charts. For example, stocks are up like"}, {"start": "00:56:02", "end": "00:56:07", "text": "never before. You cannot just base your"}, {"start": "00:56:05", "end": "00:56:09", "text": "trades on news. What's happening in the"}, {"start": "00:56:07", "end": "00:56:11", "text": "news? Likely there is some news we don't"}, {"start": "00:56:09", "end": "00:56:14", "text": "know about. Likely something is going on"}, {"start": "00:56:11", "end": "00:56:15", "text": "that uh we have no clue about but it is"}, {"start": "00:56:14", "end": "00:56:18", "text": "reflecting in the chart. Why? Because"}, {"start": "00:56:15", "end": "00:56:22", "text": "big players are positioning."}, {"start": "00:56:18", "end": "00:56:24", "text": "So yeah, I hope that makes sense. Uh and"}, {"start": "00:56:22", "end": "00:56:26", "text": "the life just becomes way clearer and"}, {"start": "00:56:24", "end": "00:56:27", "text": "easier once you follow the chart. You"}, {"start": "00:56:26", "end": "00:56:30", "text": "don't worry too much about like you know"}, {"start": "00:56:27", "end": "00:56:31", "text": "war this and that unfolding. You follow"}, {"start": "00:56:30", "end": "00:56:34", "text": "the chart. If the chart is up, okay,"}, {"start": "00:56:31", "end": "00:56:37", "text": "something's up, man. Someone is buying,"}, {"start": "00:56:34", "end": "00:56:41", "text": "someone is buying. And the big print"}, {"start": "00:56:37", "end": "00:56:43", "text": "may change the game overnight. So, uh if"}, {"start": "00:56:41", "end": "00:56:45", "text": "stocks are up like this, does someone"}, {"start": "00:56:43", "end": "00:56:48", "text": "know that big print is coming? What's"}, {"start": "00:56:45", "end": "00:56:49", "text": "happening? Like it's very important to"}, {"start": "00:56:48", "end": "00:56:51", "text": "follow the short. You have to follow the"}, {"start": "00:56:49", "end": "00:56:54", "text": "short then everything because everything"}, {"start": "00:56:51", "end": "00:56:57", "text": "falls into place."}, {"start": "00:56:54", "end": "00:56:59", "text": "Everything is fantastic."}, {"start": "00:56:57", "end": "00:57:00", "text": "You relax. You don't ask too many, you"}, {"start": "00:56:59", "end": "00:57:02", "text": "know, what if, what if, what if, what"}, {"start": "00:57:00", "end": "00:57:04", "text": "if, what if, you know, if if if, if if"}, {"start": "00:57:02", "end": "00:57:07", "text": "if, you know, Obama"}, {"start": "00:57:04", "end": "00:57:11", "text": "Obama"}, {"start": "00:57:07", "end": "00:57:13", "text": "is is my favorite."}, {"start": "00:57:11", "end": "00:57:17", "text": "One second."}, {"start": "00:57:13", "end": "00:57:20", "text": "One second. One second. I'm in the pleb"}, {"start": "00:57:17", "end": "00:57:21", "text": "unpaid account here on YouTube here."}, {"start": "00:57:20", "end": "00:57:24", "text": "Okay, now we're in the paid account."}, {"start": "00:57:21", "end": "00:57:27", "text": "Look, look. This is people who don't"}, {"start": "00:57:24", "end": "00:57:27", "text": "follow the chart."}, {"start": "00:57:37", "end": "00:57:40", "text": "Golden,"}, {"start": "00:57:55", "end": "00:58:00", "text": "you know, a whole bunch of"}, {"start": "00:58:05", "end": "00:58:11", "text": "But these are good 2016 times. Exactly."}, {"start": "00:58:09", "end": "00:58:13", "text": "It was 2016. It was the first Trump"}, {"start": "00:58:11", "end": "00:58:15", "text": "election. It was crazy. So this is what"}, {"start": "00:58:13", "end": "00:58:17", "text": "happens when you don't follow the chart."}, {"start": "00:58:15", "end": "00:58:22", "text": "If if if if"}, {"start": "00:58:17", "end": "00:58:23", "text": "this if that if if if Yeah. You see?"}, {"start": "00:58:22", "end": "00:58:24", "text": "Oh yeah. Yeah. Yeah. Yeah. Yeah. Yeah."}, {"start": "00:58:23", "end": "00:58:28", "text": "Just follow the chart is. That's it."}, {"start": "00:58:24", "end": "00:58:29", "text": "That's it. War equals printer. Exactly."}, {"start": "00:58:28", "end": "00:58:31", "text": "Before the printer turns on, you could"}, {"start": "00:58:29", "end": "00:58:32", "text": "be wiped out like there's no tomorrow,"}, {"start": "00:58:31", "end": "00:58:34", "text": "though."}, {"start": "00:58:32", "end": "00:58:37", "text": "So follow the chart guys. Listen, that's"}, {"start": "00:58:34", "end": "00:58:38", "text": "it. That's it. The same news,"}, {"start": "00:58:37", "end": "00:58:41", "text": "let me leave you with this. The same"}, {"start": "00:58:38", "end": "00:58:45", "text": "news can produce"}, {"start": "00:58:41", "end": "00:58:47", "text": "two exactly different charts. Two"}, {"start": "00:58:45", "end": "00:58:50", "text": "exactly different charts. Okay, the same"}, {"start": "00:58:47", "end": "00:58:52", "text": "news can do that. Bullish news can be"}, {"start": "00:58:50", "end": "00:58:54", "text": "sometimes dump the price and bearish"}, {"start": "00:58:52", "end": "00:58:56", "text": "news can pump the price. So listen, it's"}, {"start": "00:58:54", "end": "00:58:57", "text": "all about the chart because the news is"}, {"start": "00:58:56", "end": "00:59:00", "text": "simply what we know. There are many"}, {"start": "00:58:57", "end": "00:59:02", "text": "things we don't know. But we see when"}, {"start": "00:59:00", "end": "00:59:04", "text": "someone is positioning"}, {"start": "00:59:02", "end": "00:59:06", "text": "chart itself is the news. Do you"}, {"start": "00:59:04", "end": "00:59:10", "text": "understand? Is the news is that someone"}, {"start": "00:59:06", "end": "00:59:12", "text": "is taking position. Someone is making"}, {"start": "00:59:10", "end": "00:59:13", "text": "big bet."}, {"start": "00:59:12", "end": "00:59:17", "text": "So that's the that's the most important"}, {"start": "00:59:13", "end": "00:59:19", "text": "news. This is news. Everything else is a"}, {"start": "00:59:17", "end": "00:59:21", "text": "headline for the pleba. Guys, thanks a"}, {"start": "00:59:19", "end": "00:59:22", "text": "lot. Big shout out to Guzman for time"}, {"start": "00:59:21", "end": "00:59:26", "text": "stamping us. We will be back tomorrow."}, {"start": "00:59:22", "end": "00:59:29", "text": "Enjoy your uh Thursday and goodbye guys."}, {"start": "00:59:26", "end": "00:59:29", "text": "Goodbye. Bye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Okay guys, good morning. Today we'll be"}, {"start": "00:00:01", "end": "00:00:06", "text": "speaking about this fake out we just had"}, {"start": "00:00:03", "end": "00:00:08", "text": "all the way to 76K. Then it got rejected"}, {"start": "00:00:06", "end": "00:00:10", "text": "just like we had here a month ago. And"}, {"start": "00:00:08", "end": "00:00:12", "text": "it's very interesting because the reason"}, {"start": "00:00:10", "end": "00:00:14", "text": "why we pumped a month ago is the same"}, {"start": "00:00:12", "end": "00:00:16", "text": "reason we pumped yesterday almost to the"}, {"start": "00:00:14", "end": "00:00:18", "text": "day. And of course that reason is"}, {"start": "00:00:16", "end": "00:00:19", "text": "Sailor. So in this video I will be"}, {"start": "00:00:18", "end": "00:00:21", "text": "speaking about what happened with Sailor"}, {"start": "00:00:19", "end": "00:00:24", "text": "yesterday. It has to do of course with"}, {"start": "00:00:21", "end": "00:00:25", "text": "the stretch stock that they're selling."}, {"start": "00:00:24", "end": "00:00:27", "text": "That's number one. And also we're going"}, {"start": "00:00:25", "end": "00:00:29", "text": "to be speaking about bare market rallies"}, {"start": "00:00:27", "end": "00:00:30", "text": "in general because I see so many people"}, {"start": "00:00:29", "end": "00:00:32", "text": "get so excited. Yesterday it was quite"}, {"start": "00:00:30", "end": "00:00:34", "text": "insane on Twitter. So much excitement,"}, {"start": "00:00:32", "end": "00:00:37", "text": "so much energy. Everyone said that the"}, {"start": "00:00:34", "end": "00:00:38", "text": "bottom is in. We said very very clearly."}, {"start": "00:00:37", "end": "00:00:40", "text": "We said that the bottom is not in."}, {"start": "00:00:38", "end": "00:00:42", "text": "Actually, we said that the bulls are"}, {"start": "00:00:40", "end": "00:00:43", "text": "entering into a trap. We said that"}, {"start": "00:00:42", "end": "00:00:46", "text": "they're going to be vagu. They're going"}, {"start": "00:00:43", "end": "00:00:49", "text": "to be vagu. The big bear, the big bear"}, {"start": "00:00:46", "end": "00:00:51", "text": "chef is just turning on the oven and"}, {"start": "00:00:49", "end": "00:00:54", "text": "he's going to make nice vagu out of the"}, {"start": "00:00:51", "end": "00:00:56", "text": "bulls. And it's way too early. way way"}, {"start": "00:00:54", "end": "00:00:58", "text": "too early to be excited bull right now."}, {"start": "00:00:56", "end": "00:01:00", "text": "There will be a time later this year,"}, {"start": "00:00:58", "end": "00:01:02", "text": "but now it's way too early. So I also"}, {"start": "00:01:00", "end": "00:01:04", "text": "wrote on Twitter yesterday, Bitcoin the"}, {"start": "00:01:02", "end": "00:01:06", "text": "big flash. I don't think we've had it"}, {"start": "00:01:04", "end": "00:01:08", "text": "yet. I don't think 60k was the bottom"}, {"start": "00:01:06", "end": "00:01:10", "text": "and all of these bounces that happened"}, {"start": "00:01:08", "end": "00:01:11", "text": "here and there. You see yourself, you"}, {"start": "00:01:10", "end": "00:01:13", "text": "zoom out, literally you don't see"}, {"start": "00:01:11", "end": "00:01:15", "text": "anything. If you zoom out and you see"}, {"start": "00:01:13", "end": "00:01:17", "text": "what we've been through during the last"}, {"start": "00:01:15", "end": "00:01:18", "text": "few days, it's nothing. It's nothing. So"}, {"start": "00:01:17", "end": "00:01:20", "text": "in this video, we're going to be"}, {"start": "00:01:18", "end": "00:01:21", "text": "analyzing all of that. We're going to be"}, {"start": "00:01:20", "end": "00:01:22", "text": "speaking about the bare market. We're"}, {"start": "00:01:21", "end": "00:01:23", "text": "going to be speaking about bare market"}, {"start": "00:01:22", "end": "00:01:25", "text": "rallies. We're going to be going step by"}, {"start": "00:01:23", "end": "00:01:26", "text": "step by step. If you like that, if you"}, {"start": "00:01:25", "end": "00:01:29", "text": "have your coffee ready, smash up the"}, {"start": "00:01:26", "end": "00:01:30", "text": "like, subscribe, and let's get straight"}, {"start": "00:01:29", "end": "00:01:31", "text": "into the content. Okay, so first and"}, {"start": "00:01:30", "end": "00:01:33", "text": "foremost, let's speak about the bare"}, {"start": "00:01:31", "end": "00:01:34", "text": "market rallies in general. And then"}, {"start": "00:01:33", "end": "00:01:36", "text": "we're going to speak about Sailor and"}, {"start": "00:01:34", "end": "00:01:38", "text": "how he pumped Bitcoin yesterday and also"}, {"start": "00:01:36", "end": "00:01:41", "text": "how he pumped Bitcoin a month ago. And"}, {"start": "00:01:38", "end": "00:01:43", "text": "likely he will be pumping it next month"}, {"start": "00:01:41", "end": "00:01:45", "text": "as well. So the 15th of each and every"}, {"start": "00:01:43", "end": "00:01:47", "text": "month is going to be quite an important"}, {"start": "00:01:45", "end": "00:01:49", "text": "date going forward. But let me first"}, {"start": "00:01:47", "end": "00:01:52", "text": "show you what's happening here with the"}, {"start": "00:01:49", "end": "00:01:55", "text": "bare market rally. So from 60 all the"}, {"start": "00:01:52", "end": "00:01:57", "text": "way to where we picked out this week and"}, {"start": "00:01:55", "end": "00:01:59", "text": "last week and let's see maybe we go even"}, {"start": "00:01:57", "end": "00:02:03", "text": "higher but for now it's rejected. We had"}, {"start": "00:01:59", "end": "00:02:05", "text": "26% pump. So super normal here in the"}, {"start": "00:02:03", "end": "00:02:10", "text": "last consolidation from this low to this"}, {"start": "00:02:05", "end": "00:02:12", "text": "high we had 21% pump. Uh then if we look"}, {"start": "00:02:10", "end": "00:02:13", "text": "back at previous bare market rallies as"}, {"start": "00:02:12", "end": "00:02:17", "text": "you can see they're quite powerful. I"}, {"start": "00:02:13", "end": "00:02:18", "text": "mean 26% is quite quite a lot but it is"}, {"start": "00:02:17", "end": "00:02:22", "text": "very standard here. For example, back in"}, {"start": "00:02:18", "end": "00:02:26", "text": "2022, we did see a monster 43% bare"}, {"start": "00:02:22", "end": "00:02:29", "text": "market rally. Okay? And then afterwards,"}, {"start": "00:02:26", "end": "00:02:32", "text": "we had this one right here, which was"}, {"start": "00:02:29", "end": "00:02:35", "text": "20%. So imagine 43%, you think that"}, {"start": "00:02:32", "end": "00:02:37", "text": "you're back to Valhalla. You think that"}, {"start": "00:02:35", "end": "00:02:39", "text": "everything is now back to alltime high"}, {"start": "00:02:37", "end": "00:02:40", "text": "and we're still in a bare trend. So when"}, {"start": "00:02:39", "end": "00:02:41", "text": "you're in a bare trend, you have to be"}, {"start": "00:02:40", "end": "00:02:43", "text": "super careful. But this is the kind of"}, {"start": "00:02:41", "end": "00:02:46", "text": "stuff that happens. and people who don't"}, {"start": "00:02:43", "end": "00:02:48", "text": "know the context and the context here is"}, {"start": "00:02:46", "end": "00:02:49", "text": "micro bear trend for Bitcoin. If you"}, {"start": "00:02:48", "end": "00:02:51", "text": "don't know the context, you're going to"}, {"start": "00:02:49", "end": "00:02:55", "text": "be trapped. Uh the same thing happened"}, {"start": "00:02:51", "end": "00:02:57", "text": "here in 2022 in February. We had this"}, {"start": "00:02:55", "end": "00:03:03", "text": "bottom here and then we pumped all the"}, {"start": "00:02:57", "end": "00:03:06", "text": "way until the end of uh uh March and it"}, {"start": "00:03:03", "end": "00:03:08", "text": "was a 40% pump. So last bare market"}, {"start": "00:03:06", "end": "00:03:12", "text": "actually had way better bare market"}, {"start": "00:03:08", "end": "00:03:14", "text": "rallies. 40% here and another 40% here."}, {"start": "00:03:12", "end": "00:03:16", "text": "I mean here people really thought we"}, {"start": "00:03:14", "end": "00:03:20", "text": "were back. Imagine here Bitcoin went"}, {"start": "00:03:16", "end": "00:03:23", "text": "from 69 all the way to uh 34 and then it"}, {"start": "00:03:20", "end": "00:03:26", "text": "came back man it came back almost to 50"}, {"start": "00:03:23", "end": "00:03:29", "text": "from 69 to 30 basically and then it came"}, {"start": "00:03:26", "end": "00:03:33", "text": "back almost to 50 man that was the last"}, {"start": "00:03:29", "end": "00:03:35", "text": "time to to be rescalistic."}, {"start": "00:03:33", "end": "00:03:37", "text": "I just want to clarify that we don't"}, {"start": "00:03:35", "end": "00:03:38", "text": "know the future. My uncle does not run"}, {"start": "00:03:37", "end": "00:03:39", "text": "the market. your uncle does not run the"}, {"start": "00:03:38", "end": "00:03:41", "text": "market. We don't know where the price is"}, {"start": "00:03:39", "end": "00:03:43", "text": "going to be. But with high certainty, we"}, {"start": "00:03:41", "end": "00:03:44", "text": "can guess. We can assume that this is"}, {"start": "00:03:43", "end": "00:03:46", "text": "not the bottom and then we can position"}, {"start": "00:03:44", "end": "00:03:48", "text": "ourselves accordingly. Of course,"}, {"start": "00:03:46", "end": "00:03:50", "text": "knowing that we may be wrong. If the"}, {"start": "00:03:48", "end": "00:03:52", "text": "price rallies, we will adapt. But for"}, {"start": "00:03:50", "end": "00:03:54", "text": "now, the chance of that is quite low."}, {"start": "00:03:52", "end": "00:03:56", "text": "Why? Because you have the bare trend."}, {"start": "00:03:54", "end": "00:03:58", "text": "That's number one. Number two, just the"}, {"start": "00:03:56", "end": "00:03:59", "text": "time from the top to the bottom. You"}, {"start": "00:03:58", "end": "00:04:01", "text": "remember we went risk off on October"}, {"start": "00:03:59", "end": "00:04:05", "text": "8th. Then Bitcoin picked out here a few"}, {"start": "00:04:01", "end": "00:04:07", "text": "days later and uh we went all the way"}, {"start": "00:04:05", "end": "00:04:09", "text": "down to 60. Okay. all the way down to"}, {"start": "00:04:07", "end": "00:04:10", "text": "60. The problem is it's too short, man."}, {"start": "00:04:09", "end": "00:04:12", "text": "It's too short from the top to the"}, {"start": "00:04:10", "end": "00:04:15", "text": "bottom. Normally, it takes time. And why"}, {"start": "00:04:12", "end": "00:04:16", "text": "it takes time to find the bottom? You"}, {"start": "00:04:15", "end": "00:04:18", "text": "can watch this video. I made a full"}, {"start": "00:04:16", "end": "00:04:20", "text": "video last week. Uh bottoming time"}, {"start": "00:04:18", "end": "00:04:21", "text": "required for the next bull market. You"}, {"start": "00:04:20", "end": "00:04:23", "text": "can watch it here. Uh very, very"}, {"start": "00:04:21", "end": "00:04:25", "text": "important video. Watch it as soon as"}, {"start": "00:04:23", "end": "00:04:28", "text": "possible. But to summarize, you need to"}, {"start": "00:04:25", "end": "00:04:29", "text": "reset the psychology. You need to reset"}, {"start": "00:04:28", "end": "00:04:32", "text": "the market participants. Bitcoin needs"}, {"start": "00:04:29", "end": "00:04:33", "text": "to change hands. Okay? Because now"}, {"start": "00:04:32", "end": "00:04:35", "text": "whenever you have the smallest pump, I"}, {"start": "00:04:33", "end": "00:04:37", "text": "mean even this pump right here, you have"}, {"start": "00:04:35", "end": "00:04:39", "text": "the smallest pump, Sailor is blasting"}, {"start": "00:04:37", "end": "00:04:41", "text": "billions into the market, literally"}, {"start": "00:04:39", "end": "00:04:42", "text": "blasting billions into the market. What"}, {"start": "00:04:41", "end": "00:04:44", "text": "happens? This happens. I mean, what is"}, {"start": "00:04:42", "end": "00:04:47", "text": "this? What is this? Everyone is so"}, {"start": "00:04:44", "end": "00:04:49", "text": "excited. Stretch has raised $2 billion"}, {"start": "00:04:47", "end": "00:04:51", "text": "in a day, $1 billion day. He's blasting,"}, {"start": "00:04:49", "end": "00:04:52", "text": "blasting, blasting, blessing, blasting,"}, {"start": "00:04:51", "end": "00:04:55", "text": "blasting Bitcoin. What happens? This"}, {"start": "00:04:52", "end": "00:04:58", "text": "happens. Why? Because you need more time"}, {"start": "00:04:55", "end": "00:05:00", "text": "for Bitcoin to change hands. As soon as"}, {"start": "00:04:58", "end": "00:05:02", "text": "a as a pump happens, people just dump"}, {"start": "00:05:00", "end": "00:05:04", "text": "dum dum dum dum dum dum dum dum because"}, {"start": "00:05:02", "end": "00:05:05", "text": "they have a bit better uh exit price."}, {"start": "00:05:04", "end": "00:05:07", "text": "They they're still too scared. The"}, {"start": "00:05:05", "end": "00:05:09", "text": "market is still too scared in Bitcoin to"}, {"start": "00:05:07", "end": "00:05:11", "text": "change hands. That's number one. And"}, {"start": "00:05:09", "end": "00:05:14", "text": "number two, once you actually achieve"}, {"start": "00:05:11", "end": "00:05:17", "text": "the bottom there, it also takes 6 months"}, {"start": "00:05:14", "end": "00:05:19", "text": "to a year to just chew through the"}, {"start": "00:05:17", "end": "00:05:23", "text": "bottom. If we look here at the bottoming"}, {"start": "00:05:19", "end": "00:05:25", "text": "zones, you see here in uh in the last"}, {"start": "00:05:23", "end": "00:05:27", "text": "bottom, if we remove this, you see that"}, {"start": "00:05:25", "end": "00:05:29", "text": "we had this dump right here, which you"}, {"start": "00:05:27", "end": "00:05:30", "text": "can say started the bottom because then"}, {"start": "00:05:29", "end": "00:05:33", "text": "we just went mainly sideways. We did go"}, {"start": "00:05:30", "end": "00:05:35", "text": "lower, but uh mainly sideways from this"}, {"start": "00:05:33", "end": "00:05:38", "text": "and this was a year. Then the previous"}, {"start": "00:05:35", "end": "00:05:41", "text": "time it was here, it was 6 months and"}, {"start": "00:05:38", "end": "00:05:44", "text": "then if you take the previous time here,"}, {"start": "00:05:41", "end": "00:05:46", "text": "it was uh approximately a year also to"}, {"start": "00:05:44", "end": "00:05:48", "text": "just chew through the bottom. So there"}, {"start": "00:05:46", "end": "00:05:51", "text": "are two important variables here. Number"}, {"start": "00:05:48", "end": "00:05:53", "text": "one is I'm from top to bottom is too is"}, {"start": "00:05:51", "end": "00:05:55", "text": "still too short and also that you also"}, {"start": "00:05:53", "end": "00:05:58", "text": "need to chew. You need to chew chew"}, {"start": "00:05:55", "end": "00:05:59", "text": "through the bottom. Okay. So based on"}, {"start": "00:05:58", "end": "00:06:02", "text": "this we can say that with highest"}, {"start": "00:05:59", "end": "00:06:04", "text": "likelihood based on probabilities"}, {"start": "00:06:02", "end": "00:06:07", "text": "it's not the bottom and then of course"}, {"start": "00:06:04", "end": "00:06:10", "text": "you have the bare trend. Still bitcoin"}, {"start": "00:06:07", "end": "00:06:12", "text": "is bearish. The path of least resistance"}, {"start": "00:06:10", "end": "00:06:14", "text": "is down down down. So that's very"}, {"start": "00:06:12", "end": "00:06:16", "text": "important. All right, let's speak about"}, {"start": "00:06:14", "end": "00:06:18", "text": "Sailor and why these two pumps we had"}, {"start": "00:06:16", "end": "00:06:20", "text": "during the last two months that lasted"}, {"start": "00:06:18", "end": "00:06:21", "text": "from the beginning of the month until"}, {"start": "00:06:20", "end": "00:06:23", "text": "the middle of the month. It was like"}, {"start": "00:06:21", "end": "00:06:25", "text": "that in March and exactly like that in"}, {"start": "00:06:23", "end": "00:06:28", "text": "April as well. You had a pump basically"}, {"start": "00:06:25", "end": "00:06:30", "text": "that ended in the middle of the month."}, {"start": "00:06:28", "end": "00:06:32", "text": "Why is it like this? Why? Why? Why?"}, {"start": "00:06:30", "end": "00:06:36", "text": "Well, it has an interesting correlation"}, {"start": "00:06:32", "end": "00:06:38", "text": "to Michael Sailor and Stretch his his"}, {"start": "00:06:36", "end": "00:06:41", "text": "special stock that he issues. So, as you"}, {"start": "00:06:38", "end": "00:06:43", "text": "know, Micro Strategy issues different"}, {"start": "00:06:41", "end": "00:06:46", "text": "kinds of stocks. You have the common"}, {"start": "00:06:43", "end": "00:06:47", "text": "stock that's that's the MSTR. But then"}, {"start": "00:06:46", "end": "00:06:50", "text": "you have a special kind of stock for"}, {"start": "00:06:47", "end": "00:06:53", "text": "example uh stretch which is all always"}, {"start": "00:06:50", "end": "00:06:56", "text": "at $100. Their goal is to keep it at"}, {"start": "00:06:53", "end": "00:06:59", "text": "$100. And in fact if you go to stretch"}, {"start": "00:06:56", "end": "00:07:01", "text": "here you see that uh this one is"}, {"start": "00:06:59", "end": "00:07:05", "text": "basically holding $100 kind of like a"}, {"start": "00:07:01", "end": "00:07:07", "text": "stable coin but if you have stretch you"}, {"start": "00:07:05", "end": "00:07:09", "text": "get 11%"}, {"start": "00:07:07", "end": "00:07:11", "text": "uh dividend"}, {"start": "00:07:09", "end": "00:07:14", "text": "uh paid monthly. Okay this is very"}, {"start": "00:07:11", "end": "00:07:17", "text": "important. It's paid monthly. So the way"}, {"start": "00:07:14", "end": "00:07:20", "text": "it works is that if you have stretch"}, {"start": "00:07:17", "end": "00:07:22", "text": "before the 15th, you will get the 11%"}, {"start": "00:07:20", "end": "00:07:26", "text": "dividend. So there's a lot of buy"}, {"start": "00:07:22", "end": "00:07:28", "text": "pressure leading up to the 15th. And you"}, {"start": "00:07:26", "end": "00:07:30", "text": "may be asking, Ivan, I cannot see any"}, {"start": "00:07:28", "end": "00:07:33", "text": "buy pressure here because it's flat."}, {"start": "00:07:30", "end": "00:07:35", "text": "Well, that's because the mechanism is"}, {"start": "00:07:33", "end": "00:07:39", "text": "such that if there is buy pressure and"}, {"start": "00:07:35", "end": "00:07:43", "text": "the stock goes above 100, sailor issues"}, {"start": "00:07:39", "end": "00:07:45", "text": "more of it and dumps it back to 100. But"}, {"start": "00:07:43", "end": "00:07:48", "text": "when seller issues more of it, that's"}, {"start": "00:07:45", "end": "00:07:51", "text": "income for micro strategy to buy"}, {"start": "00:07:48", "end": "00:07:54", "text": "bitcoin. So when there is buy pressure"}, {"start": "00:07:51", "end": "00:07:57", "text": "in stretch, when there is investment"}, {"start": "00:07:54", "end": "00:08:02", "text": "into stretch which normally happens"}, {"start": "00:07:57", "end": "00:08:06", "text": "around uh the 15th of each month, it is"}, {"start": "00:08:02", "end": "00:08:08", "text": "a fundraising event or micro strategy"}, {"start": "00:08:06", "end": "00:08:11", "text": "because their goal is to keep stretch at"}, {"start": "00:08:08", "end": "00:08:13", "text": "100. So if it goes above 100, they just"}, {"start": "00:08:11", "end": "00:08:15", "text": "sell more of the stock into the market."}, {"start": "00:08:13", "end": "00:08:19", "text": "They get the capital and then they buy"}, {"start": "00:08:15", "end": "00:08:22", "text": "bitcoin. Every month if you have stretch"}, {"start": "00:08:19", "end": "00:08:26", "text": "before the 15th of that month you get"}, {"start": "00:08:22", "end": "00:08:30", "text": "11% dividend. Okay. So what does smart"}, {"start": "00:08:26", "end": "00:08:31", "text": "money do? They buy just before the 15th."}, {"start": "00:08:30", "end": "00:08:34", "text": "So they capture the dividend and then"}, {"start": "00:08:31", "end": "00:08:37", "text": "they can sell it again. So this is why"}, {"start": "00:08:34", "end": "00:08:40", "text": "leading up to the 15th each month you"}, {"start": "00:08:37", "end": "00:08:42", "text": "have buy pressure in stretch which gives"}, {"start": "00:08:40", "end": "00:08:44", "text": "Micro Strategy money to buy Bitcoin."}, {"start": "00:08:42", "end": "00:08:46", "text": "probably saw a lot on your timeline"}, {"start": "00:08:44", "end": "00:08:48", "text": "yesterday and maybe two days ago that"}, {"start": "00:08:46", "end": "00:08:50", "text": "the stretch has raised so much. They"}, {"start": "00:08:48", "end": "00:08:51", "text": "raised so much. They they they raised so"}, {"start": "00:08:50", "end": "00:08:54", "text": "much money for Bitcoin. Well, this is"}, {"start": "00:08:51", "end": "00:08:56", "text": "the reason. And then once the 15th has"}, {"start": "00:08:54", "end": "00:08:58", "text": "passed that now they dump it, they can"}, {"start": "00:08:56", "end": "00:09:01", "text": "dump the stock again and then come back"}, {"start": "00:08:58", "end": "00:09:04", "text": "next month. Uh so basically this is"}, {"start": "00:09:01", "end": "00:09:06", "text": "called the X dividend day. Stretch X"}, {"start": "00:09:04", "end": "00:09:08", "text": "dividend day is today. Basically that if"}, {"start": "00:09:06", "end": "00:09:09", "text": "you have bought Treasure before today,"}, {"start": "00:09:08", "end": "00:09:13", "text": "you get the dividend at the end of the"}, {"start": "00:09:09", "end": "00:09:14", "text": "month. Um, everyone was rushing to buy"}, {"start": "00:09:13", "end": "00:09:16", "text": "to get the dividend. I mean, this is"}, {"start": "00:09:14", "end": "00:09:18", "text": "what happened. When Stretch has buy"}, {"start": "00:09:16", "end": "00:09:20", "text": "pressure, seller issues more of it and"}, {"start": "00:09:18", "end": "00:09:21", "text": "raises money to buy Bitcoin. Stretch has"}, {"start": "00:09:20", "end": "00:09:22", "text": "buy pressure leading up to 15th each"}, {"start": "00:09:21", "end": "00:09:25", "text": "month, which corresponds to Bitcoin"}, {"start": "00:09:22", "end": "00:09:27", "text": "pumps. And because Sailor currently is"}, {"start": "00:09:25", "end": "00:09:31", "text": "the buyer of BTC, you can say the only"}, {"start": "00:09:27", "end": "00:09:34", "text": "buyer. He alone by being the only buyer"}, {"start": "00:09:31", "end": "00:09:36", "text": "blasting billions into Bitcoin, he alone"}, {"start": "00:09:34", "end": "00:09:38", "text": "cannot get us above the resistance. And"}, {"start": "00:09:36", "end": "00:09:41", "text": "so based on this we can say that very"}, {"start": "00:09:38", "end": "00:09:44", "text": "very likely the path of least resistance"}, {"start": "00:09:41", "end": "00:09:45", "text": "is down and we should be risk off. Okay"}, {"start": "00:09:44", "end": "00:09:47", "text": "capital preservation is the most"}, {"start": "00:09:45", "end": "00:09:49", "text": "important thing right now. And of course"}, {"start": "00:09:47", "end": "00:09:51", "text": "a smart listener here will ask how can"}, {"start": "00:09:49", "end": "00:09:54", "text": "they keep the price at 100 if everyone"}, {"start": "00:09:51", "end": "00:09:57", "text": "starts selling after the dividend. And"}, {"start": "00:09:54", "end": "00:10:00", "text": "the thing is they adjust the dividend up"}, {"start": "00:09:57", "end": "00:10:03", "text": "when the price is below 100. So you have"}, {"start": "00:10:00", "end": "00:10:05", "text": "basically two ways of incentivizing new"}, {"start": "00:10:03", "end": "00:10:07", "text": "buyers. Number one is that if it's below"}, {"start": "00:10:05", "end": "00:10:10", "text": "100 just automatically the dividend is"}, {"start": "00:10:07", "end": "00:10:14", "text": "higher in percent because the dividend"}, {"start": "00:10:10", "end": "00:10:16", "text": "is what is it 11.5% based on $100. But"}, {"start": "00:10:14", "end": "00:10:18", "text": "if you can get that for let's say $90 or"}, {"start": "00:10:16", "end": "00:10:20", "text": "99 you have a bit higher dividend just"}, {"start": "00:10:18", "end": "00:10:22", "text": "because of that because you got the"}, {"start": "00:10:20", "end": "00:10:24", "text": "stock cheaper but at the same time"}, {"start": "00:10:22", "end": "00:10:28", "text": "they're also constantly increasing the"}, {"start": "00:10:24", "end": "00:10:30", "text": "actual dividend uh based on the $100"}, {"start": "00:10:28", "end": "00:10:33", "text": "price. So for example, according to"}, {"start": "00:10:30", "end": "00:10:36", "text": "Claude, and again feel free to double"}, {"start": "00:10:33", "end": "00:10:39", "text": "check this, but uh I told Claude to be"}, {"start": "00:10:36", "end": "00:10:41", "text": "thorough to to double check. Look here,"}, {"start": "00:10:39", "end": "00:10:44", "text": "Claude says that they have been"}, {"start": "00:10:41", "end": "00:10:46", "text": "increasing the dividend. I mean,"}, {"start": "00:10:44", "end": "00:10:48", "text": "basically every month, basically every"}, {"start": "00:10:46", "end": "00:10:50", "text": "month, they've been pushing the dividend"}, {"start": "00:10:48", "end": "00:10:53", "text": "up to ensure that the interest is high"}, {"start": "00:10:50", "end": "00:10:54", "text": "enough for the stock to stay at the 100."}, {"start": "00:10:53", "end": "00:10:56", "text": "And if it goes above, they they issue"}, {"start": "00:10:54", "end": "00:10:57", "text": "more of it. So they dump it back. But"}, {"start": "00:10:56", "end": "00:10:59", "text": "that's that's like the easy for them."}, {"start": "00:10:57", "end": "00:11:01", "text": "The easy part for them is to get it back"}, {"start": "00:10:59", "end": "00:11:03", "text": "to 100. The hard part for them is to"}, {"start": "00:11:01", "end": "00:11:05", "text": "ensure that there's always demand. So"}, {"start": "00:11:03", "end": "00:11:06", "text": "it's at 100. And so the way they've been"}, {"start": "00:11:05", "end": "00:11:09", "text": "handling it now is that they have been"}, {"start": "00:11:06", "end": "00:11:10", "text": "increasing the rate. And likely this can"}, {"start": "00:11:09", "end": "00:11:12", "text": "continue for a few more months. I mean"}, {"start": "00:11:10", "end": "00:11:13", "text": "the reason why I'm telling you is that"}, {"start": "00:11:12", "end": "00:11:15", "text": "likely it can continue for a few more"}, {"start": "00:11:13", "end": "00:11:16", "text": "months maybe until the end of the year."}, {"start": "00:11:15", "end": "00:11:20", "text": "But you see yourself there's a bit of"}, {"start": "00:11:16", "end": "00:11:22", "text": "interesting pondomics here which uh may"}, {"start": "00:11:20", "end": "00:11:23", "text": "or may not work out in the end because"}, {"start": "00:11:22", "end": "00:11:26", "text": "you can clearly see that they had to"}, {"start": "00:11:23", "end": "00:11:29", "text": "sweeten the deal each and every month to"}, {"start": "00:11:26", "end": "00:11:32", "text": "keep the price at $100. And when you"}, {"start": "00:11:29", "end": "00:11:34", "text": "have to increase the dividend basically"}, {"start": "00:11:32", "end": "00:11:36", "text": "increase the upside for the investor. It"}, {"start": "00:11:34", "end": "00:11:38", "text": "means that the interest is not that high"}, {"start": "00:11:36", "end": "00:11:40", "text": "as it was last month when you didn't"}, {"start": "00:11:38", "end": "00:11:42", "text": "have to pay that much and the month"}, {"start": "00:11:40", "end": "00:11:45", "text": "before that. So they constantly are"}, {"start": "00:11:42", "end": "00:11:48", "text": "increasing the dividend trying to keep"}, {"start": "00:11:45", "end": "00:11:49", "text": "interest at $100. The question is how"}, {"start": "00:11:48", "end": "00:11:52", "text": "long it will continue for because"}, {"start": "00:11:49", "end": "00:11:54", "text": "obviously you if you buy stretch you"}, {"start": "00:11:52", "end": "00:11:56", "text": "take a risk here that they will not be"}, {"start": "00:11:54", "end": "00:11:58", "text": "able to hold it at 100 and maybe whoop"}, {"start": "00:11:56", "end": "00:12:01", "text": "quickly goes to 90 80 and maybe below."}, {"start": "00:11:58", "end": "00:12:04", "text": "So you need to have a nice return for"}, {"start": "00:12:01", "end": "00:12:05", "text": "that risk. And so you can see it here"}, {"start": "00:12:04", "end": "00:12:07", "text": "that in the beginning investors were"}, {"start": "00:12:05", "end": "00:12:10", "text": "okay with nine but then they had to"}, {"start": "00:12:07", "end": "00:12:12", "text": "increase increase. Now they are at 11.5."}, {"start": "00:12:10", "end": "00:12:14", "text": "And by the way, I did verify this data."}, {"start": "00:12:12", "end": "00:12:16", "text": "If you go to stretchinccome.com, you can"}, {"start": "00:12:14", "end": "00:12:19", "text": "see it here that they are increasing."}, {"start": "00:12:16", "end": "00:12:21", "text": "Boop boop boop boop boop. Uh and uh you"}, {"start": "00:12:19", "end": "00:12:22", "text": "can also go to this other website"}, {"start": "00:12:21", "end": "00:12:25", "text": "stockanalysis.com. You can see that they"}, {"start": "00:12:22", "end": "00:12:27", "text": "are increasing. So yes indeed this data"}, {"start": "00:12:25", "end": "00:12:28", "text": "is fully correct. And by the way guys,"}, {"start": "00:12:27", "end": "00:12:31", "text": "just as I'm recording this video, I see"}, {"start": "00:12:28", "end": "00:12:33", "text": "that the pre-market just opened and the"}, {"start": "00:12:31", "end": "00:12:37", "text": "pre-market as you can see is collapsing"}, {"start": "00:12:33", "end": "00:12:40", "text": "in real time just as this exhivid day"}, {"start": "00:12:37", "end": "00:12:43", "text": "has passed. So exhibit day was uh uh"}, {"start": "00:12:40", "end": "00:12:44", "text": "yesterday. So if you didn't buy before"}, {"start": "00:12:43", "end": "00:12:46", "text": "yesterday ended, you don't get the"}, {"start": "00:12:44", "end": "00:12:49", "text": "dividend. And if you bought before"}, {"start": "00:12:46", "end": "00:12:51", "text": "yesterday ended, now you can sell"}, {"start": "00:12:49", "end": "00:12:52", "text": "Stretch because you will get the"}, {"start": "00:12:51", "end": "00:12:54", "text": "dividend anyway. You don't care about"}, {"start": "00:12:52", "end": "00:12:56", "text": "Stretch anymore. So people, as you can"}, {"start": "00:12:54", "end": "00:12:58", "text": "see, are dumping now and they're going"}, {"start": "00:12:56", "end": "00:13:00", "text": "to likely be back next month. Uh but"}, {"start": "00:12:58", "end": "00:13:02", "text": "maybe Sailor will have to increase the"}, {"start": "00:13:00", "end": "00:13:05", "text": "yield again. he will have to maybe"}, {"start": "00:13:02", "end": "00:13:07", "text": "increase the dividend yet again uh in"}, {"start": "00:13:05", "end": "00:13:09", "text": "order to bring this back to 100 because"}, {"start": "00:13:07", "end": "00:13:11", "text": "now Sailor is in a position where he"}, {"start": "00:13:09", "end": "00:13:13", "text": "needs to bring it back to 100. Let's see"}, {"start": "00:13:11", "end": "00:13:15", "text": "what he will do. But uh that's that's"}, {"start": "00:13:13", "end": "00:13:17", "text": "his job now. And if we open like this is"}, {"start": "00:13:15", "end": "00:13:18", "text": "the lowest price since February. And of"}, {"start": "00:13:17", "end": "00:13:20", "text": "course the big question is whether this"}, {"start": "00:13:18", "end": "00:13:22", "text": "is sustainable for how long can they"}, {"start": "00:13:20", "end": "00:13:25", "text": "have this big big big yield. I mean"}, {"start": "00:13:22", "end": "00:13:27", "text": "11.5% it is big yield. It's big yield."}, {"start": "00:13:25", "end": "00:13:29", "text": "So they could theoretically of course"}, {"start": "00:13:27", "end": "00:13:31", "text": "remove the dividend because the dividend"}, {"start": "00:13:29", "end": "00:13:33", "text": "is not debt. It's not an obligation. the"}, {"start": "00:13:31", "end": "00:13:36", "text": "same way as a bond is. So this way they"}, {"start": "00:13:33", "end": "00:13:38", "text": "have uh the capital raised via this"}, {"start": "00:13:36", "end": "00:13:39", "text": "stock offering but they could what they"}, {"start": "00:13:38", "end": "00:13:42", "text": "could do is just say there's no dividend"}, {"start": "00:13:39", "end": "00:13:44", "text": "and that's it. So from that perspective"}, {"start": "00:13:42", "end": "00:13:46", "text": "they are flexible. Should they do that"}, {"start": "00:13:44", "end": "00:13:48", "text": "stretch price is going to collapse"}, {"start": "00:13:46", "end": "00:13:49", "text": "because you see yourself to keep it at"}, {"start": "00:13:48", "end": "00:13:51", "text": "100 they have to increase the dividend"}, {"start": "00:13:49", "end": "00:13:53", "text": "all the time. Should they remove the"}, {"start": "00:13:51", "end": "00:13:54", "text": "dividend this thing is going to boop go"}, {"start": "00:13:53", "end": "00:13:56", "text": "down pretty fast and then maybe they can"}, {"start": "00:13:54", "end": "00:13:58", "text": "create a new instrument something else"}, {"start": "00:13:56", "end": "00:13:59", "text": "some new idea. They always have"}, {"start": "00:13:58", "end": "00:14:02", "text": "something, you know, there's always some"}, {"start": "00:13:59", "end": "00:14:04", "text": "some new ticker that they launch. And"}, {"start": "00:14:02", "end": "00:14:05", "text": "this year is stretch. Yesterday, as you"}, {"start": "00:14:04", "end": "00:14:06", "text": "remember, it was other things. I don't"}, {"start": "00:14:05", "end": "00:14:08", "text": "even remember now, but they have like"}, {"start": "00:14:06", "end": "00:14:09", "text": "five different ones. Next year, maybe"}, {"start": "00:14:08", "end": "00:14:11", "text": "it's going to be something else. And"}, {"start": "00:14:09", "end": "00:14:13", "text": "here's where you can argue that Tom Lee"}, {"start": "00:14:11", "end": "00:14:15", "text": "with his ETH treasury, he's in a"}, {"start": "00:14:13", "end": "00:14:18", "text": "slightly better position because ETH has"}, {"start": "00:14:15", "end": "00:14:20", "text": "yield. ETH has yield, meaning that he"}, {"start": "00:14:18", "end": "00:14:22", "text": "has income. He has income. He can"}, {"start": "00:14:20", "end": "00:14:24", "text": "actually use income to pay off dividend"}, {"start": "00:14:22", "end": "00:14:25", "text": "or or do things. Bitcoin has no yield."}, {"start": "00:14:24", "end": "00:14:28", "text": "Very important. Bitcoin has no yield."}, {"start": "00:14:25", "end": "00:14:31", "text": "And this idea that sailor is doing"}, {"start": "00:14:28", "end": "00:14:33", "text": "something unique and new, it's it's a"}, {"start": "00:14:31", "end": "00:14:35", "text": "misconception because what sailor is"}, {"start": "00:14:33", "end": "00:14:36", "text": "doing is not unique and new. You can of"}, {"start": "00:14:35", "end": "00:14:39", "text": "course chat with your favorite AI about"}, {"start": "00:14:36", "end": "00:14:42", "text": "this. But what he's doing is kind of"}, {"start": "00:14:39", "end": "00:14:43", "text": "standard when you have an asset class"}, {"start": "00:14:42", "end": "00:14:47", "text": "which people want to invest in. Whether"}, {"start": "00:14:43", "end": "00:14:51", "text": "it is real estate, whether it is uh in"}, {"start": "00:14:47", "end": "00:14:54", "text": "the past English company going to India"}, {"start": "00:14:51", "end": "00:14:56", "text": "doing different things. You raise debt,"}, {"start": "00:14:54", "end": "00:14:58", "text": "you get people in, you promise return."}, {"start": "00:14:56", "end": "00:15:00", "text": "It's very common in this case. The only"}, {"start": "00:14:58", "end": "00:15:02", "text": "difference is that it is Bitcoin. You"}, {"start": "00:15:00", "end": "00:15:03", "text": "can argue it's more scarce this and"}, {"start": "00:15:02", "end": "00:15:05", "text": "that, but it has no income. Real estate"}, {"start": "00:15:03", "end": "00:15:07", "text": "at least has income. Real estate has"}, {"start": "00:15:05", "end": "00:15:09", "text": "income. So whether you look at Ever"}, {"start": "00:15:07", "end": "00:15:11", "text": "Grande in China, the collapse or other"}, {"start": "00:15:09", "end": "00:15:14", "text": "real estate collapses, at least they"}, {"start": "00:15:11", "end": "00:15:15", "text": "have income. Yes, they're not as scarce,"}, {"start": "00:15:14", "end": "00:15:16", "text": "meaning that uh you don't know how much"}, {"start": "00:15:15", "end": "00:15:18", "text": "real estate is going to be developed,"}, {"start": "00:15:16", "end": "00:15:20", "text": "but you know, Bitcoin is also is also"}, {"start": "00:15:18", "end": "00:15:23", "text": "having some kind of inflation still with"}, {"start": "00:15:20", "end": "00:15:25", "text": "the block rewards. So it's not totally"}, {"start": "00:15:23", "end": "00:15:28", "text": "different. It's not a totally different"}, {"start": "00:15:25", "end": "00:15:30", "text": "dimension. It's quite close. The idea is"}, {"start": "00:15:28", "end": "00:15:32", "text": "quite close. Of course, it's branded as"}, {"start": "00:15:30", "end": "00:15:34", "text": "something totally unique, but in my"}, {"start": "00:15:32", "end": "00:15:35", "text": "opinion, it's not it's not totally"}, {"start": "00:15:34", "end": "00:15:37", "text": "unique. The things like this have been"}, {"start": "00:15:35", "end": "00:15:40", "text": "done. Raising debt, leveraging your"}, {"start": "00:15:37", "end": "00:15:42", "text": "holdings, and then betting on the price"}, {"start": "00:15:40", "end": "00:15:43", "text": "going up. Is it been done before?"}, {"start": "00:15:42", "end": "00:15:45", "text": "Whether it's Bitcoin, whether it is real"}, {"start": "00:15:43", "end": "00:15:47", "text": "estate, whether it is something else, it"}, {"start": "00:15:45", "end": "00:15:49", "text": "has been done before. But the problem"}, {"start": "00:15:47", "end": "00:15:52", "text": "that seller will have is this. He needs"}, {"start": "00:15:49", "end": "00:15:55", "text": "to pay this dividend now perpetually,"}, {"start": "00:15:52", "end": "00:15:58", "text": "okay? And he has no income. So he either"}, {"start": "00:15:55", "end": "00:16:01", "text": "needs to keep raising new capital to pay"}, {"start": "00:15:58", "end": "00:16:03", "text": "dividends to existing shareholders,"}, {"start": "00:16:01", "end": "00:16:05", "text": "basically getting new investors to pay"}, {"start": "00:16:03", "end": "00:16:08", "text": "old investors. You can think about how"}, {"start": "00:16:05", "end": "00:16:10", "text": "that sounds like. Think about thoroughly"}, {"start": "00:16:08", "end": "00:16:13", "text": "how it sounds like. That's number one."}, {"start": "00:16:10", "end": "00:16:14", "text": "Or at some point he will have to sell a"}, {"start": "00:16:13", "end": "00:16:16", "text": "bit of Bitcoin. And if that happens,"}, {"start": "00:16:14", "end": "00:16:17", "text": "holy crap, it's going to be very"}, {"start": "00:16:16", "end": "00:16:20", "text": "bearish. If that ever happens, it's"}, {"start": "00:16:17", "end": "00:16:22", "text": "going to be very bearish. Now for us in"}, {"start": "00:16:20", "end": "00:16:24", "text": "the coming year, two years, probably not"}, {"start": "00:16:22", "end": "00:16:26", "text": "an issue probably, but you never know."}, {"start": "00:16:24", "end": "00:16:28", "text": "That's the thing. You never know. This"}, {"start": "00:16:26", "end": "00:16:31", "text": "is a risk factor we just need to keep in"}, {"start": "00:16:28", "end": "00:16:34", "text": "mind and um and the track as part of our"}, {"start": "00:16:31", "end": "00:16:35", "text": "world analysis. So, hope you understand."}, {"start": "00:16:34", "end": "00:16:38", "text": "Let me know if if you want a longer"}, {"start": "00:16:35", "end": "00:16:39", "text": "video on micro particularly and let me"}, {"start": "00:16:38", "end": "00:16:40", "text": "know if you enjoy this kind of"}, {"start": "00:16:39", "end": "00:16:43", "text": "breakdown. And now guys, it's your time"}, {"start": "00:16:40", "end": "00:16:45", "text": "to act. Go to bullmay.com/partners."}, {"start": "00:16:43", "end": "00:16:46", "text": "Sign up to buy bit. Sign up to pione."}, {"start": "00:16:45", "end": "00:16:48", "text": "Sign up to wigs. at all of these"}, {"start": "00:16:46", "end": "00:16:50", "text": "exchanges, you get a big fat signup"}, {"start": "00:16:48", "end": "00:16:51", "text": "bonus if you use our links. And why is"}, {"start": "00:16:50", "end": "00:16:53", "text": "it so important? Because in the bare"}, {"start": "00:16:51", "end": "00:16:55", "text": "market, the signup bonuses are just"}, {"start": "00:16:53", "end": "00:16:57", "text": "bigger. So you get the signup bonus, you"}, {"start": "00:16:55", "end": "00:17:00", "text": "get freebie, you support the channel as"}, {"start": "00:16:57", "end": "00:17:02", "text": "well. And also afterwards, you go to"}, {"start": "00:17:00", "end": "00:17:05", "text": "bullmania.com and you watch the free"}, {"start": "00:17:02", "end": "00:17:07", "text": "trading about the mechanical rules"}, {"start": "00:17:05", "end": "00:17:10", "text": "because that's how you can have the best"}, {"start": "00:17:07", "end": "00:17:12", "text": "possible strategy in this bare market"}, {"start": "00:17:10", "end": "00:17:13", "text": "and in the coming bull market. Learn"}, {"start": "00:17:12", "end": "00:17:16", "text": "about the mechanical rules, learn about"}, {"start": "00:17:13", "end": "00:17:18", "text": "our trading strategy. I'll see you all"}, {"start": "00:17:16", "end": "00:17:22", "text": "tomorrow. Smash up the like and goodbye,"}, {"start": "00:17:18", "end": "00:17:22", "text": "guys. Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Oh yes guys, the time has come. Today"}, {"start": "00:00:01", "end": "00:00:06", "text": "I'll tell you about my Rolex Daytona"}, {"start": "00:00:04", "end": "00:00:09", "text": "Tiffany. It's a new watch. It goes for"}, {"start": "00:00:06", "end": "00:00:10", "text": "around 100k nowadays and the prices"}, {"start": "00:00:09", "end": "00:00:13", "text": "obviously go up and down but around"}, {"start": "00:00:10", "end": "00:00:14", "text": "there. It's a new model and first and"}, {"start": "00:00:13", "end": "00:00:16", "text": "foremost you guys have been asking about"}, {"start": "00:00:14", "end": "00:00:18", "text": "this video for a long time. I'm happy to"}, {"start": "00:00:16", "end": "00:00:20", "text": "share. But first I want to tell you why"}, {"start": "00:00:18", "end": "00:00:22", "text": "I bought it because believe it or not"}, {"start": "00:00:20", "end": "00:00:23", "text": "I'm not that materialistic. I know it"}, {"start": "00:00:22", "end": "00:00:25", "text": "may sound crazy because the watch is"}, {"start": "00:00:23", "end": "00:00:27", "text": "like 100k but at the same time you need"}, {"start": "00:00:25", "end": "00:00:28", "text": "to understand the context. You need to"}, {"start": "00:00:27", "end": "00:00:30", "text": "understand what I've been through. You"}, {"start": "00:00:28", "end": "00:00:32", "text": "need to understand the losses I've had"}, {"start": "00:00:30", "end": "00:00:34", "text": "in crypto. I explain a lot in my book"}, {"start": "00:00:32", "end": "00:00:37", "text": "Big Profits, which you can buy below,"}, {"start": "00:00:34", "end": "00:00:38", "text": "how I lost close to $10 million, how I"}, {"start": "00:00:37", "end": "00:00:40", "text": "made it back, the different strategies I"}, {"start": "00:00:38", "end": "00:00:42", "text": "use, and so on so forth. So once you"}, {"start": "00:00:40", "end": "00:00:45", "text": "understand the pain that I've been"}, {"start": "00:00:42", "end": "00:00:48", "text": "through learning how to trade going"}, {"start": "00:00:45", "end": "00:00:50", "text": "through different market cycles and also"}, {"start": "00:00:48", "end": "00:00:53", "text": "if you look at the success we've had"}, {"start": "00:00:50", "end": "00:00:55", "text": "during the last years especially if you"}, {"start": "00:00:53", "end": "00:00:58", "text": "look at the last cycle where we bought"}, {"start": "00:00:55", "end": "00:01:01", "text": "basically perfectly when money line"}, {"start": "00:00:58", "end": "00:01:04", "text": "turned bullish back in 2023."}, {"start": "00:01:01", "end": "00:01:07", "text": "If you look here it was so nice so nice"}, {"start": "00:01:04", "end": "00:01:09", "text": "it was bullish right here. Then we"}, {"start": "00:01:07", "end": "00:01:11", "text": "started to be risk off around here in"}, {"start": "00:01:09", "end": "00:01:13", "text": "October. You can see on my Twitter, you"}, {"start": "00:01:11", "end": "00:01:16", "text": "can see the track record. Then when you"}, {"start": "00:01:13", "end": "00:01:18", "text": "compare that success to all of the pain"}, {"start": "00:01:16", "end": "00:01:21", "text": "I've had, all of the lessons I've had"}, {"start": "00:01:18", "end": "00:01:23", "text": "throughout the years, I wanted to have a"}, {"start": "00:01:21", "end": "00:01:26", "text": "symbol. I wanted to have something I can"}, {"start": "00:01:23", "end": "00:01:28", "text": "look at every day, I can feel good about"}, {"start": "00:01:26", "end": "00:01:30", "text": "that has meaning, that has meaning, that"}, {"start": "00:01:28", "end": "00:01:32", "text": "has some kind of weight, but also that"}, {"start": "00:01:30", "end": "00:01:33", "text": "doesn't ruin me. And this is very"}, {"start": "00:01:32", "end": "00:01:36", "text": "important because I want to reiterate"}, {"start": "00:01:33", "end": "00:01:37", "text": "that for me because I worked very hard."}, {"start": "00:01:36", "end": "00:01:40", "text": "I've been in crypto full-time since"}, {"start": "00:01:37", "end": "00:01:42", "text": "2017. I've gone through everything. I've"}, {"start": "00:01:40", "end": "00:01:44", "text": "learned a lot. I've also become very"}, {"start": "00:01:42", "end": "00:01:47", "text": "good at crypto, very good at trading,"}, {"start": "00:01:44", "end": "00:01:49", "text": "very good at being in this market. So"}, {"start": "00:01:47", "end": "00:01:51", "text": "for me at my stage now, this kind of"}, {"start": "00:01:49", "end": "00:01:54", "text": "amount is just buying a treasury bill,"}, {"start": "00:01:51", "end": "00:01:55", "text": "waiting a short amount of time, and that"}, {"start": "00:01:54", "end": "00:01:57", "text": "amount is printed. That's also so"}, {"start": "00:01:55", "end": "00:01:59", "text": "important when you build up your capital"}, {"start": "00:01:57", "end": "00:02:01", "text": "that you buy the symbolic stuff, the"}, {"start": "00:01:59", "end": "00:02:03", "text": "symbolic stuff out of passive income."}, {"start": "00:02:01", "end": "00:02:06", "text": "And when you look at the treasury bill,"}, {"start": "00:02:03", "end": "00:02:07", "text": "you buy it's virtually zero risk. That's"}, {"start": "00:02:06", "end": "00:02:09", "text": "what in finance they call z risk-free"}, {"start": "00:02:07", "end": "00:02:12", "text": "rate. What whatever the US government"}, {"start": "00:02:09", "end": "00:02:15", "text": "pays. I felt that it has nice weight to"}, {"start": "00:02:12", "end": "00:02:16", "text": "it because 100k is 100k. I mean, I don't"}, {"start": "00:02:15", "end": "00:02:18", "text": "care how rich you are, it's still 100k."}, {"start": "00:02:16", "end": "00:02:20", "text": "I mean, I mean, at least from my"}, {"start": "00:02:18", "end": "00:02:24", "text": "background, if you read my book, you see"}, {"start": "00:02:20", "end": "00:02:27", "text": "my story, how poor we were when I grew"}, {"start": "00:02:24", "end": "00:02:29", "text": "up. I'm a a son of immigrants. I I tell"}, {"start": "00:02:27", "end": "00:02:32", "text": "you about my story here in the book. You"}, {"start": "00:02:29", "end": "00:02:35", "text": "can buy it below. Uh for me 100 I don't"}, {"start": "00:02:32", "end": "00:02:37", "text": "care how rich I become. 100k is 100k. It"}, {"start": "00:02:35", "end": "00:02:38", "text": "has weight. And therefore I felt that it"}, {"start": "00:02:37", "end": "00:02:42", "text": "has weight number one because 100k is"}, {"start": "00:02:38", "end": "00:02:45", "text": "100k. Number two for me that amount is"}, {"start": "00:02:42", "end": "00:02:47", "text": "within my discretionary symbolic some"}, {"start": "00:02:45", "end": "00:02:50", "text": "people may even call stupid spending. I"}, {"start": "00:02:47", "end": "00:02:52", "text": "mean to each their own. If you have some"}, {"start": "00:02:50", "end": "00:02:54", "text": "other way of reminding yourself of where"}, {"start": "00:02:52", "end": "00:02:56", "text": "you come from, where you came from,"}, {"start": "00:02:54", "end": "00:02:58", "text": "where you're going to stay humble,"}, {"start": "00:02:56", "end": "00:03:00", "text": "fantastic. You don't need a watch for"}, {"start": "00:02:58", "end": "00:03:03", "text": "that. But for me, because also I like"}, {"start": "00:03:00", "end": "00:03:05", "text": "watches. I like to see it. I think it"}, {"start": "00:03:03", "end": "00:03:08", "text": "looks freaking amazing. It looks good on"}, {"start": "00:03:05", "end": "00:03:10", "text": "camera. I thought, let's go. Fantastic."}, {"start": "00:03:08", "end": "00:03:12", "text": "And by the way, there is one important"}, {"start": "00:03:10", "end": "00:03:14", "text": "caveat to what I just said. Yes, I think"}, {"start": "00:03:12", "end": "00:03:17", "text": "if you buy a watch, you should buy it"}, {"start": "00:03:14", "end": "00:03:20", "text": "from your discretionary uh fun money,"}, {"start": "00:03:17", "end": "00:03:21", "text": "fun spending, but at the same time, if"}, {"start": "00:03:20", "end": "00:03:23", "text": "you are thinking about something that"}, {"start": "00:03:21", "end": "00:03:26", "text": "holds value, watches actually do hold"}, {"start": "00:03:23", "end": "00:03:28", "text": "value. Here is the watch index. If you"}, {"start": "00:03:26", "end": "00:03:30", "text": "look at chrono24.com, you can see the"}, {"start": "00:03:28", "end": "00:03:33", "text": "watch index overall. You see that it"}, {"start": "00:03:30", "end": "00:03:35", "text": "goes up and to the right. in any"}, {"start": "00:03:33", "end": "00:03:39", "text": "country. If you have a Rolex or a Patek"}, {"start": "00:03:35", "end": "00:03:42", "text": "or any of these top brands, you're gonna"}, {"start": "00:03:39", "end": "00:03:45", "text": "find a buyer in any country. So, in that"}, {"start": "00:03:42", "end": "00:03:47", "text": "sense, it's kind of like Bitcoin. It's"}, {"start": "00:03:45", "end": "00:03:50", "text": "not it's not digital, it's physical."}, {"start": "00:03:47", "end": "00:03:52", "text": "It's kind of like Bitcoin. And um you"}, {"start": "00:03:50", "end": "00:03:55", "text": "look at the Rolex, you look at Patek"}, {"start": "00:03:52", "end": "00:03:59", "text": "here, similar charts up and to the"}, {"start": "00:03:55", "end": "00:04:01", "text": "right. You look at AP um the same thing"}, {"start": "00:03:59", "end": "00:04:03", "text": "up and to the right. Of course, it's not"}, {"start": "00:04:01", "end": "00:04:05", "text": "like that for everything. Let's see."}, {"start": "00:04:03", "end": "00:04:08", "text": "Hublau. Yeah, this one is not. So, if"}, {"start": "00:04:05", "end": "00:04:10", "text": "you buy Hublau, you're not buying it for"}, {"start": "00:04:08", "end": "00:04:13", "text": "for that. I mean, I don't have Hublau."}, {"start": "00:04:10", "end": "00:04:14", "text": "Um, Tag Hoyer."}, {"start": "00:04:13", "end": "00:04:16", "text": "Interesting. This one is up and to the"}, {"start": "00:04:14", "end": "00:04:19", "text": "right also. So, if you care about this"}, {"start": "00:04:16", "end": "00:04:21", "text": "resale value, Vasheron Constantine up"}, {"start": "00:04:19", "end": "00:04:24", "text": "and to the right here in Corona. It was"}, {"start": "00:04:21", "end": "00:04:25", "text": "crazy hype for watches. If you care"}, {"start": "00:04:24", "end": "00:04:27", "text": "about the resale value, you should check"}, {"start": "00:04:25", "end": "00:04:29", "text": "it. And also, of course, it depends"}, {"start": "00:04:27", "end": "00:04:31", "text": "which model it is and so on so forth. If"}, {"start": "00:04:29", "end": "00:04:34", "text": "you have a model, for example, this one,"}, {"start": "00:04:31", "end": "00:04:37", "text": "it's literally impossible to buy at the"}, {"start": "00:04:34", "end": "00:04:40", "text": "a you cannot buy it from um authorized"}, {"start": "00:04:37", "end": "00:04:42", "text": "dealer. It's you'll have to buy it on"}, {"start": "00:04:40", "end": "00:04:44", "text": "secondary market on on the gray market"}, {"start": "00:04:42", "end": "00:04:46", "text": "as they call it. So obviously depends"}, {"start": "00:04:44", "end": "00:04:49", "text": "which model this and that. Personally, I"}, {"start": "00:04:46", "end": "00:04:53", "text": "don't recommend using watches as an"}, {"start": "00:04:49", "end": "00:04:55", "text": "investment vehicle because you have many"}, {"start": "00:04:53", "end": "00:04:57", "text": "different other ways to do so in a"}, {"start": "00:04:55", "end": "00:04:59", "text": "smarter, disciplined, structured way."}, {"start": "00:04:57", "end": "00:05:00", "text": "And I we have a whole book about it, big"}, {"start": "00:04:59", "end": "00:05:04", "text": "profits, where I explain how to trade"}, {"start": "00:05:00", "end": "00:05:06", "text": "crypto, gold, stocks, anything."}, {"start": "00:05:04", "end": "00:05:09", "text": "But it's also nice if you buy something"}, {"start": "00:05:06", "end": "00:05:11", "text": "for your enjoyment and you know, hey, by"}, {"start": "00:05:09", "end": "00:05:13", "text": "the way, this thing actually also"}, {"start": "00:05:11", "end": "00:05:15", "text": "through time"}, {"start": "00:05:13", "end": "00:05:19", "text": "is actually going to go up. So, you're"}, {"start": "00:05:15", "end": "00:05:22", "text": "more likely to make money than not if"}, {"start": "00:05:19", "end": "00:05:26", "text": "you have a watch that is globally uh"}, {"start": "00:05:22", "end": "00:05:28", "text": "desired by the dudes. Women, they they"}, {"start": "00:05:26", "end": "00:05:30", "text": "know nothing about it. No, not him. What"}, {"start": "00:05:28", "end": "00:05:33", "text": "are the dudes? The dudes across the"}, {"start": "00:05:30", "end": "00:05:34", "text": "world, if they know it, they cannot get"}, {"start": "00:05:33", "end": "00:05:36", "text": "it from AD. You have a currency,"}, {"start": "00:05:34", "end": "00:05:37", "text": "worldwide currency. And let's say you"}, {"start": "00:05:36", "end": "00:05:39", "text": "are paranoid. Maybe you're a prepper."}, {"start": "00:05:37", "end": "00:05:41", "text": "You have that kind of mindset, a bit of"}, {"start": "00:05:39", "end": "00:05:43", "text": "conspiracy theorist, which is fantastic."}, {"start": "00:05:41", "end": "00:05:46", "text": "Big shout out. You know that you have"}, {"start": "00:05:43", "end": "00:05:48", "text": "Bitcoin. Okay, you have no internet."}, {"start": "00:05:46", "end": "00:05:49", "text": "There is a blackout. How you going to"}, {"start": "00:05:48", "end": "00:05:52", "text": "pay with Bitcoin? You cannot pay with"}, {"start": "00:05:49", "end": "00:05:53", "text": "Bitcoin. You have some gold coin. Maybe"}, {"start": "00:05:52", "end": "00:05:55", "text": "you can pay with it, but you know, you"}, {"start": "00:05:53", "end": "00:05:58", "text": "need to carry it separately. This and"}, {"start": "00:05:55", "end": "00:06:00", "text": "that. here is the is is the upside of"}, {"start": "00:05:58", "end": "00:06:02", "text": "jewelry that uh when you have jewelry"}, {"start": "00:06:00", "end": "00:06:06", "text": "you have this last resort you need to"}, {"start": "00:06:02", "end": "00:06:08", "text": "get on a plane somewhere you know"}, {"start": "00:06:06", "end": "00:06:11", "text": "you remember the 2012 movie like that"}, {"start": "00:06:08", "end": "00:06:13", "text": "Russian dude got trying to get on the"}, {"start": "00:06:11", "end": "00:06:15", "text": "boat or whatever it was you know you you"}, {"start": "00:06:13", "end": "00:06:16", "text": "have something that is form of payment"}, {"start": "00:06:15", "end": "00:06:17", "text": "you have something that's form of"}, {"start": "00:06:16", "end": "00:06:20", "text": "payment that's always on you and for"}, {"start": "00:06:17", "end": "00:06:22", "text": "dudes for us the jewelry is the watch I"}, {"start": "00:06:20", "end": "00:06:24", "text": "mean there's not too much other jewelry"}, {"start": "00:06:22", "end": "00:06:26", "text": "we can have for ladies you can have in"}, {"start": "00:06:24", "end": "00:06:28", "text": "the ear you can have jewelry ever for us"}, {"start": "00:06:26", "end": "00:06:30", "text": "is the watch is the watch. So from a"}, {"start": "00:06:28", "end": "00:06:34", "text": "prepper mindset"}, {"start": "00:06:30", "end": "00:06:36", "text": "to know that okay there's some means of"}, {"start": "00:06:34", "end": "00:06:39", "text": "payment I have which is not relying on"}, {"start": "00:06:36", "end": "00:06:41", "text": "anything except uh nature except the"}, {"start": "00:06:39", "end": "00:06:42", "text": "thing being physical is an upside there"}, {"start": "00:06:41", "end": "00:06:44", "text": "as well. Okay. So now let me tell you"}, {"start": "00:06:42", "end": "00:06:46", "text": "about the actual watch. So it is the"}, {"start": "00:06:44", "end": "00:06:48", "text": "Tiffany blue as you can see. I love the"}, {"start": "00:06:46", "end": "00:06:49", "text": "color. I mean it it's very beautiful"}, {"start": "00:06:48", "end": "00:06:50", "text": "color. I know there's a lot of"}, {"start": "00:06:49", "end": "00:06:52", "text": "discussion. It's it's nice. It's pretty"}, {"start": "00:06:50", "end": "00:06:54", "text": "it's not pretty. Man just get just get"}, {"start": "00:06:52", "end": "00:06:56", "text": "it man. Just get if you can just get it."}, {"start": "00:06:54", "end": "00:06:57", "text": "Uh, there are other pretty watches as"}, {"start": "00:06:56", "end": "00:06:59", "text": "well. Obviously with the Pikachu, other"}, {"start": "00:06:57", "end": "00:07:01", "text": "Daytonas, they're they're all pretty,"}, {"start": "00:06:59", "end": "00:07:02", "text": "man. They're all pretty. But Tiffany,"}, {"start": "00:07:01", "end": "00:07:04", "text": "Tiffany, there's something special with"}, {"start": "00:07:02", "end": "00:07:06", "text": "that. I like I like it. I like how the"}, {"start": "00:07:04", "end": "00:07:08", "text": "colors are. I like I like how Yeah. how"}, {"start": "00:07:06", "end": "00:07:11", "text": "they made it. How it pops. It pops a"}, {"start": "00:07:08", "end": "00:07:13", "text": "lot, man. It pops a lot. It pops so"}, {"start": "00:07:11", "end": "00:07:18", "text": "nice. So fantastic. It is oyster flex as"}, {"start": "00:07:13", "end": "00:07:18", "text": "you can see. Uh yeah,"}, {"start": "00:07:19", "end": "00:07:25", "text": "looks like this. I mean, I'm a quite a"}, {"start": "00:07:21", "end": "00:07:29", "text": "big dude. You can see that on my wrist"}, {"start": "00:07:25", "end": "00:07:32", "text": "it's uh right on the border of being too"}, {"start": "00:07:29", "end": "00:07:34", "text": "small. I think it's great. I mean fits I"}, {"start": "00:07:32", "end": "00:07:36", "text": "think it fits me. I like how it sits."}, {"start": "00:07:34", "end": "00:07:37", "text": "But if it would be a bit smaller, it"}, {"start": "00:07:36", "end": "00:07:40", "text": "would be too small. And that was my"}, {"start": "00:07:37", "end": "00:07:42", "text": "biggest worry because otherwise I have a"}, {"start": "00:07:40", "end": "00:07:47", "text": "Submariner or I have"}, {"start": "00:07:42", "end": "00:07:49", "text": "the other ones like the the Sky Dweller."}, {"start": "00:07:47", "end": "00:07:51", "text": "My Sky Dweller is bigger. It's like"}, {"start": "00:07:49", "end": "00:07:55", "text": "chunkier. So I was mainly used to sky"}, {"start": "00:07:51", "end": "00:07:58", "text": "dweller and um therefore when I looked"}, {"start": "00:07:55", "end": "00:08:00", "text": "at the I was wondering a bit yeah is it"}, {"start": "00:07:58", "end": "00:08:02", "text": "going to be too small? Is it going to be"}, {"start": "00:08:00", "end": "00:08:03", "text": "okay? But uh it it turned out okay. I"}, {"start": "00:08:02", "end": "00:08:06", "text": "mean you see yourself it sits very"}, {"start": "00:08:03", "end": "00:08:08", "text": "nicely. It sits uh maybe even more"}, {"start": "00:08:06", "end": "00:08:12", "text": "elegant because when I have the sky"}, {"start": "00:08:08", "end": "00:08:15", "text": "dweller it's a freaking brick. Okay."}, {"start": "00:08:12", "end": "00:08:17", "text": "It's a freaking brick and it's nice for"}, {"start": "00:08:15", "end": "00:08:19", "text": "some occasions. It's nice to have a"}, {"start": "00:08:17", "end": "00:08:21", "text": "brick sometimes. I mean, if I'm show it"}, {"start": "00:08:19", "end": "00:08:23", "text": "to you,"}, {"start": "00:08:21", "end": "00:08:24", "text": "I even forgot how to use it, man. Let's"}, {"start": "00:08:23", "end": "00:08:27", "text": "see."}, {"start": "00:08:24", "end": "00:08:29", "text": "Yeah. And by the way, it weighs like 500"}, {"start": "00:08:27", "end": "00:08:31", "text": "kilogram more."}, {"start": "00:08:29", "end": "00:08:33", "text": "Ah, it's nice. But you see, it's it's"}, {"start": "00:08:31", "end": "00:08:34", "text": "it's a bit different dimension to it."}, {"start": "00:08:33", "end": "00:08:37", "text": "It's a bit different dimension to it."}, {"start": "00:08:34", "end": "00:08:39", "text": "So, from a size perspective, I would say"}, {"start": "00:08:37", "end": "00:08:42", "text": "if you are a big dude, don't worry. I"}, {"start": "00:08:39", "end": "00:08:43", "text": "mean, personally, I am 190 cm. You can"}, {"start": "00:08:42", "end": "00:08:46", "text": "convert to feet something somewhere like"}, {"start": "00:08:43", "end": "00:08:49", "text": "six feet or something. Uh, I'm a big"}, {"start": "00:08:46", "end": "00:08:52", "text": "dude. So for me, I would say I feel very"}, {"start": "00:08:49", "end": "00:08:54", "text": "good with the size. Size is very nice."}, {"start": "00:08:52", "end": "00:08:57", "text": "If you are small, if you're"}, {"start": "00:08:54", "end": "00:08:59", "text": "maybe it's too big. I don't know. Check"}, {"start": "00:08:57", "end": "00:09:00", "text": "if you're if you're more to the"}, {"start": "00:08:59", "end": "00:09:01", "text": "side. If you're big, dude, don't worry."}, {"start": "00:09:00", "end": "00:09:04", "text": "It's not going to be too big. I mean,"}, {"start": "00:09:01", "end": "00:09:07", "text": "also if you're if like 2 meter, you're"}, {"start": "00:09:04", "end": "00:09:09", "text": "basketball player,"}, {"start": "00:09:07", "end": "00:09:12", "text": "you're wide. You're wider than than I"}, {"start": "00:09:09", "end": "00:09:13", "text": "maybe it's a problem. But for my"}, {"start": "00:09:12", "end": "00:09:16", "text": "dimension,"}, {"start": "00:09:13", "end": "00:09:18", "text": "I would say it's not an issue. So if you"}, {"start": "00:09:16", "end": "00:09:20", "text": "are worried that it's too small, don't"}, {"start": "00:09:18", "end": "00:09:22", "text": "worry. Don't worry. Then guys, in terms"}, {"start": "00:09:20", "end": "00:09:25", "text": "of the bracelet, as you can see, it is"}, {"start": "00:09:22", "end": "00:09:28", "text": "the Oyster uh flex bracelet. It's like"}, {"start": "00:09:25", "end": "00:09:31", "text": "this rubber, but it's very nice. I mean,"}, {"start": "00:09:28", "end": "00:09:34", "text": "I know many people I myself before I was"}, {"start": "00:09:31", "end": "00:09:36", "text": "thinking like how can this rubber scrap,"}, {"start": "00:09:34", "end": "00:09:38", "text": "how can it be good? It's very good. It's"}, {"start": "00:09:36", "end": "00:09:41", "text": "very good. I I guess it is some metal"}, {"start": "00:09:38", "end": "00:09:42", "text": "inside or something, but it's very"}, {"start": "00:09:41", "end": "00:09:45", "text": "comfortable. It's extremely comfortable."}, {"start": "00:09:42", "end": "00:09:47", "text": "It's way more comfortable than uh full"}, {"start": "00:09:45", "end": "00:09:52", "text": "metal. Like I have the Sky Dweller full"}, {"start": "00:09:47", "end": "00:09:54", "text": "metal. I have uh Submariner full metal."}, {"start": "00:09:52", "end": "00:09:57", "text": "Uh so these full metal ones, they're"}, {"start": "00:09:54", "end": "00:09:58", "text": "they're very nice, but uh it's more"}, {"start": "00:09:57", "end": "00:10:01", "text": "comfortable with this. I I like the"}, {"start": "00:09:58", "end": "00:10:04", "text": "Oyster Flex uh the best actually. The"}, {"start": "00:10:01", "end": "00:10:06", "text": "best out of all of them. Uh it sits"}, {"start": "00:10:04", "end": "00:10:09", "text": "super nice. I I mean I I don't feel it."}, {"start": "00:10:06", "end": "00:10:12", "text": "It sits I don't I don't feel it. It's so"}, {"start": "00:10:09", "end": "00:10:14", "text": "nice. So it's fantastic. It's fantastic."}, {"start": "00:10:12", "end": "00:10:16", "text": "It's fantastic. You don't uh you don't"}, {"start": "00:10:14", "end": "00:10:17", "text": "need to worry. That's another thing. I"}, {"start": "00:10:16", "end": "00:10:19", "text": "before I was worried, oh, is it"}, {"start": "00:10:17", "end": "00:10:20", "text": "uncomfortable? It's it's rubber crap."}, {"start": "00:10:19", "end": "00:10:22", "text": "How can how can I buy such an expensive"}, {"start": "00:10:20", "end": "00:10:25", "text": "watch and it's rubber? Like, you know,"}, {"start": "00:10:22", "end": "00:10:28", "text": "Toys R Us, guys. It's not Toys R Us."}, {"start": "00:10:25", "end": "00:10:30", "text": "It's not G G-Shock. Don't worry, be"}, {"start": "00:10:28", "end": "00:10:32", "text": "happy. To be frank, I'm not a"}, {"start": "00:10:30", "end": "00:10:33", "text": "professional watch reviewer. I don't"}, {"start": "00:10:32", "end": "00:10:35", "text": "know what to tell you more, but it's"}, {"start": "00:10:33", "end": "00:10:39", "text": "comfortable. The size is good. At least"}, {"start": "00:10:35", "end": "00:10:41", "text": "for me, Oyster Flex is good. It has um"}, {"start": "00:10:39", "end": "00:10:45", "text": "Oh, yeah. Another thing is that here you"}, {"start": "00:10:41", "end": "00:10:47", "text": "can adjust the size of the uh bracelet."}, {"start": "00:10:45", "end": "00:10:49", "text": "It has let me show you this is the final"}, {"start": "00:10:47", "end": "00:10:51", "text": "thing"}, {"start": "00:10:49", "end": "00:10:53", "text": "here. How can I show it? Like you can"}, {"start": "00:10:51", "end": "00:10:55", "text": "there's like a slider. You can slide"}, {"start": "00:10:53", "end": "00:10:58", "text": "this side like this or like this. You"}, {"start": "00:10:55", "end": "00:11:00", "text": "see like this. I can slide the smallest"}, {"start": "00:10:58", "end": "00:11:02", "text": "setting and I can slide it out like"}, {"start": "00:11:00", "end": "00:11:06", "text": "this."}, {"start": "00:11:02", "end": "00:11:09", "text": "Again smaller settings like this. Slide"}, {"start": "00:11:06", "end": "00:11:12", "text": "out like this. Now also I had to make it"}, {"start": "00:11:09", "end": "00:11:14", "text": "a bit uh bigger. I had to replace one of"}, {"start": "00:11:12", "end": "00:11:16", "text": "the straps"}, {"start": "00:11:14", "end": "00:11:19", "text": "and uh so you may have to do that"}, {"start": "00:11:16", "end": "00:11:21", "text": "depending on your size and yeah who"}, {"start": "00:11:19", "end": "00:11:24", "text": "where you buy buy it from. But the good"}, {"start": "00:11:21", "end": "00:11:26", "text": "thing is that you can then adjust"}, {"start": "00:11:24", "end": "00:11:29", "text": "during the day if it's hot, your hand is"}, {"start": "00:11:26", "end": "00:11:31", "text": "swollen, sweat, dripping, you adjust"}, {"start": "00:11:29", "end": "00:11:33", "text": "adjust. So guys on this note that's it."}, {"start": "00:11:31", "end": "00:11:34", "text": "Thank you so much for watching. Hope you"}, {"start": "00:11:33", "end": "00:11:36", "text": "enjoyed this watch review. Let me know"}, {"start": "00:11:34", "end": "00:11:38", "text": "if you want to have more watch reviews."}, {"start": "00:11:36", "end": "00:11:41", "text": "I can review the Submariner. I can"}, {"start": "00:11:38", "end": "00:11:43", "text": "review the Sky Dweller if you want. I"}, {"start": "00:11:41", "end": "00:11:45", "text": "mean, I'm not again I'm not a"}, {"start": "00:11:43", "end": "00:11:47", "text": "professional watch reviewer, but uh I"}, {"start": "00:11:45", "end": "00:11:49", "text": "mean I I do have the stuff. I have used"}, {"start": "00:11:47", "end": "00:11:50", "text": "it. So, I can give you my thoughts. If"}, {"start": "00:11:49", "end": "00:11:52", "text": "you want, if you want, if you're going"}, {"start": "00:11:50", "end": "00:11:53", "text": "to WRITE IVAN IS BRAGGING, IVAN IS"}, {"start": "00:11:52", "end": "00:11:55", "text": "BRAGGING, then I'm not going to do"}, {"start": "00:11:53", "end": "00:11:57", "text": "anything. I'm not going to do anything."}, {"start": "00:11:55", "end": "00:11:58", "text": "So, guys, let me know if you find it"}, {"start": "00:11:57", "end": "00:12:00", "text": "found it inspirational. If you want to"}, {"start": "00:11:58", "end": "00:12:02", "text": "make money, go to bullmania.com, watch"}, {"start": "00:12:00", "end": "00:12:04", "text": "the free training about how to ensure"}, {"start": "00:12:02", "end": "00:12:07", "text": "that you can be long-term profitable,"}, {"start": "00:12:04", "end": "00:12:09", "text": "how to take care of risk, how to be in"}, {"start": "00:12:07", "end": "00:12:10", "text": "this market in a sustainable way. You"}, {"start": "00:12:09", "end": "00:12:12", "text": "really need to know it. Go to"}, {"start": "00:12:10", "end": "00:12:13", "text": "bullmaya.com. Subscribe to the channel"}, {"start": "00:12:12", "end": "00:12:16", "text": "if you haven't yet. And if you want the"}, {"start": "00:12:13", "end": "00:12:17", "text": "book, get the book below. Big profits."}, {"start": "00:12:16", "end": "00:12:20", "text": "Very important. This is the name of the"}, {"start": "00:12:17", "end": "00:12:22", "text": "book, my story, my system. You read it"}, {"start": "00:12:20", "end": "00:12:23", "text": "there. If you want something you're more"}, {"start": "00:12:22", "end": "00:12:24", "text": "of a visual learner and you want to"}, {"start": "00:12:23", "end": "00:12:26", "text": "learn as soon as possible right now,"}, {"start": "00:12:24", "end": "00:12:28", "text": "just watch the video at booming.com."}, {"start": "00:12:26", "end": "00:12:32", "text": "Guys, thanks a lot. Have a good day and"}, {"start": "00:12:28", "end": "00:12:32", "text": "goodbye guys. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Welcome to another episode. And as you"}, {"start": "00:00:01", "end": "00:00:05", "text": "can see right now, Bitcoin is doing"}, {"start": "00:00:03", "end": "00:00:08", "text": "something very, very interesting."}, {"start": "00:00:05", "end": "00:00:11", "text": "Bitcoin is now trying to push the big"}, {"start": "00:00:08", "end": "00:00:13", "text": "fat resistance, which is the last year's"}, {"start": "00:00:11", "end": "00:00:16", "text": "low. As you can see, Bitcoin is pushing"}, {"start": "00:00:13", "end": "00:00:19", "text": "and pushing and pushing in real time. It"}, {"start": "00:00:16", "end": "00:00:21", "text": "is kind of doing its best effort here."}, {"start": "00:00:19", "end": "00:00:24", "text": "And here's why it's so important. We got"}, {"start": "00:00:21", "end": "00:00:26", "text": "rejected here many, many weeks. Last"}, {"start": "00:00:24", "end": "00:00:29", "text": "week, you can say we also got rejected."}, {"start": "00:00:26", "end": "00:00:33", "text": "And now we're trying yet again. Should"}, {"start": "00:00:29", "end": "00:00:36", "text": "Bitcoin be able to break this big fat"}, {"start": "00:00:33", "end": "00:00:39", "text": "resistance this week, we do have a"}, {"start": "00:00:36", "end": "00:00:42", "text": "fantastic invitation up to this level"}, {"start": "00:00:39", "end": "00:00:43", "text": "right here. It is 16%. Of course, if you"}, {"start": "00:00:42", "end": "00:00:45", "text": "use leverage, if you use by bit, if you"}, {"start": "00:00:43", "end": "00:00:47", "text": "use other changes, it's way bigger than"}, {"start": "00:00:45", "end": "00:00:50", "text": "16% for you. And also, the reason why"}, {"start": "00:00:47", "end": "00:00:52", "text": "this is the bull target in case we close"}, {"start": "00:00:50", "end": "00:00:54", "text": "and really start pumping here to the"}, {"start": "00:00:52", "end": "00:00:57", "text": "upside. So you you have uh just the"}, {"start": "00:00:54", "end": "00:00:59", "text": "resistance but also look the at the W"}, {"start": "00:00:57", "end": "00:01:01", "text": "formation here. Uh in case we break out"}, {"start": "00:00:59", "end": "00:01:04", "text": "which is the time to act on the W"}, {"start": "00:01:01", "end": "00:01:06", "text": "formation then of course also it's very"}, {"start": "00:01:04", "end": "00:01:09", "text": "close to that target. So when you have"}, {"start": "00:01:06", "end": "00:01:11", "text": "this kind of setup shortterm trading to"}, {"start": "00:01:09", "end": "00:01:13", "text": "this level of 86K"}, {"start": "00:01:11", "end": "00:01:15", "text": "is the next step. But here's the"}, {"start": "00:01:13", "end": "00:01:17", "text": "important thing to me this is still"}, {"start": "00:01:15", "end": "00:01:19", "text": "shortterm pump. People are saying, Ivan,"}, {"start": "00:01:17", "end": "00:01:22", "text": "is this goodbye to the buy zone? Is the"}, {"start": "00:01:19", "end": "00:01:25", "text": "buy zone now the bye-bye zone? Do you"}, {"start": "00:01:22", "end": "00:01:28", "text": "say bye to the buy zone or no? So guys,"}, {"start": "00:01:25", "end": "00:01:32", "text": "when it comes to to the uh to the bounce"}, {"start": "00:01:28", "end": "00:01:34", "text": "in case we go uh above here, the long is"}, {"start": "00:01:32", "end": "00:01:36", "text": "super super valid to this level. But as"}, {"start": "00:01:34", "end": "00:01:37", "text": "you can see, we're still in a bare"}, {"start": "00:01:36", "end": "00:01:40", "text": "trend. We're still in a big fat bare"}, {"start": "00:01:37", "end": "00:01:44", "text": "trend. If you look at the overall uh"}, {"start": "00:01:40", "end": "00:01:46", "text": "situation, you look at uh GSG, GSG is"}, {"start": "00:01:44", "end": "00:01:47", "text": "still in a bull trend. Commodities"}, {"start": "00:01:46", "end": "00:01:50", "text": "expensive, oil expensive. You look at"}, {"start": "00:01:47", "end": "00:01:52", "text": "oil itself still at around the 100. So"}, {"start": "00:01:50", "end": "00:01:54", "text": "really from our perspective these things"}, {"start": "00:01:52", "end": "00:01:56", "text": "have to come down and of course you need"}, {"start": "00:01:54", "end": "00:01:58", "text": "to have more and more things pointing"}, {"start": "00:01:56", "end": "00:02:01", "text": "into a bullish direction but going above"}, {"start": "00:01:58", "end": "00:02:04", "text": "74k would be one of these things but uh"}, {"start": "00:02:01", "end": "00:02:06", "text": "not enough for us to say goodbye to the"}, {"start": "00:02:04", "end": "00:02:09", "text": "buy zone. So first and foremost let's"}, {"start": "00:02:06", "end": "00:02:12", "text": "close the week here. Second speculation"}, {"start": "00:02:09", "end": "00:02:14", "text": "to the upside up to this 86 level. super"}, {"start": "00:02:12", "end": "00:02:16", "text": "valid and there are many coins now in"}, {"start": "00:02:14", "end": "00:02:19", "text": "the short term that are doing quite"}, {"start": "00:02:16", "end": "00:02:21", "text": "okay. When you look at the money scanner"}, {"start": "00:02:19", "end": "00:02:24", "text": "and you see which coins have now been"}, {"start": "00:02:21", "end": "00:02:27", "text": "bullish to gone from bare to bull in the"}, {"start": "00:02:24", "end": "00:02:30", "text": "last month, you do see quite a few uh"}, {"start": "00:02:27", "end": "00:02:32", "text": "look at the engine for example. You look"}, {"start": "00:02:30", "end": "00:02:35", "text": "it broke down. It broke up from this"}, {"start": "00:02:32", "end": "00:02:37", "text": "downtrend went into bull trend uh and"}, {"start": "00:02:35", "end": "00:02:39", "text": "now struggling with the 50week moving"}, {"start": "00:02:37", "end": "00:02:43", "text": "average. You look at let's check this"}, {"start": "00:02:39", "end": "00:02:45", "text": "centrifuge up a bit here. Yeah, also up"}, {"start": "00:02:43", "end": "00:02:46", "text": "from the from the bare trend, but many"}, {"start": "00:02:45", "end": "00:02:48", "text": "of them are still just short-term. And"}, {"start": "00:02:46", "end": "00:02:50", "text": "you see yourself many of these bull"}, {"start": "00:02:48", "end": "00:02:52", "text": "trends in all are still just shortterm."}, {"start": "00:02:50", "end": "00:02:55", "text": "And for Bitcoin, very similar analysis"}, {"start": "00:02:52", "end": "00:02:58", "text": "that you have a valid nice signal up to"}, {"start": "00:02:55", "end": "00:03:00", "text": "86K, super valid uh and uh this this"}, {"start": "00:02:58", "end": "00:03:03", "text": "will still be within the overall bare"}, {"start": "00:03:00", "end": "00:03:05", "text": "trend. Now, some things that are very"}, {"start": "00:03:03", "end": "00:03:08", "text": "important which actually add to the"}, {"start": "00:03:05", "end": "00:03:10", "text": "bullish uh picture. If we close the"}, {"start": "00:03:08", "end": "00:03:12", "text": "week, it is the stocks guys. If you look"}, {"start": "00:03:10", "end": "00:03:14", "text": "at the stock market, uh it is now"}, {"start": "00:03:12", "end": "00:03:17", "text": "pushing into the bull territory going"}, {"start": "00:03:14", "end": "00:03:19", "text": "from bare trend to bull trend. We have"}, {"start": "00:03:17", "end": "00:03:21", "text": "to close the week, but this would be"}, {"start": "00:03:19", "end": "00:03:24", "text": "fantastic for the bulls in case we can"}, {"start": "00:03:21", "end": "00:03:26", "text": "do because then the next resistance is"}, {"start": "00:03:24", "end": "00:03:29", "text": "basically this all-time high and then"}, {"start": "00:03:26", "end": "00:03:31", "text": "yeah hopefully a new leg up. Hopefully"}, {"start": "00:03:29", "end": "00:03:33", "text": "then for stocks it is something like we"}, {"start": "00:03:31", "end": "00:03:36", "text": "saw right here when you go to new"}, {"start": "00:03:33", "end": "00:03:37", "text": "alltime high you have another leg up. So"}, {"start": "00:03:36", "end": "00:03:39", "text": "this would be the best case scenario"}, {"start": "00:03:37", "end": "00:03:42", "text": "also for crypto of course if you see"}, {"start": "00:03:39", "end": "00:03:44", "text": "this kind of this kind of move in the"}, {"start": "00:03:42", "end": "00:03:46", "text": "stock market above alltime high new leg"}, {"start": "00:03:44", "end": "00:03:48", "text": "up uh then obviously some of it should"}, {"start": "00:03:46", "end": "00:03:51", "text": "propagate to crypto not all of it I mean"}, {"start": "00:03:48", "end": "00:03:53", "text": "in many cases uh stocks pump and crypto"}, {"start": "00:03:51", "end": "00:03:55", "text": "dumps since October where bare crypto as"}, {"start": "00:03:53", "end": "00:03:57", "text": "you know stocks have actually gone up"}, {"start": "00:03:55", "end": "00:04:00", "text": "since October here bitcoin lost 50%"}, {"start": "00:03:57", "end": "00:04:02", "text": "altcoins lost 80% 90% so sometimes"}, {"start": "00:04:00", "end": "00:04:04", "text": "stocks go up and crypto doesn't so we"}, {"start": "00:04:02", "end": "00:04:05", "text": "need to look at them separately chart"}, {"start": "00:04:04", "end": "00:04:08", "text": "wise we need to look at crypto chart"}, {"start": "00:04:05", "end": "00:04:11", "text": "separately but overall more bullish"}, {"start": "00:04:08", "end": "00:04:13", "text": "stock market is adding more bullishness"}, {"start": "00:04:11", "end": "00:04:16", "text": "to the scale of Bitcoin as well. Uh"}, {"start": "00:04:13", "end": "00:04:18", "text": "looking at NASDAQ similar situation here"}, {"start": "00:04:16", "end": "00:04:19", "text": "if we can close the week again these"}, {"start": "00:04:18", "end": "00:04:21", "text": "bull trends have not closed but if we"}, {"start": "00:04:19", "end": "00:04:22", "text": "close the week like like this then they"}, {"start": "00:04:21", "end": "00:04:25", "text": "will be they will be confirmed. So,"}, {"start": "00:04:22", "end": "00:04:29", "text": "similar situation there as with S&P. If"}, {"start": "00:04:25", "end": "00:04:32", "text": "we look at uh the tech stocks, the tech"}, {"start": "00:04:29", "end": "00:04:34", "text": "stock index, this one is way weaker and"}, {"start": "00:04:32", "end": "00:04:35", "text": "Bitcoin is trading more like this one."}, {"start": "00:04:34", "end": "00:04:38", "text": "If you overlay, if you've been watching"}, {"start": "00:04:35", "end": "00:04:39", "text": "the last uh videos, this one is a bit"}, {"start": "00:04:38", "end": "00:04:41", "text": "weaker. So, yeah, let's see how this one"}, {"start": "00:04:39", "end": "00:04:44", "text": "will evolve, but uh yeah, it's kind of"}, {"start": "00:04:41", "end": "00:04:45", "text": "near the lows. And um if you've been"}, {"start": "00:04:44", "end": "00:04:47", "text": "following, you know that this thing is"}, {"start": "00:04:45", "end": "00:04:49", "text": "uh basically trading like Bitcoin. You"}, {"start": "00:04:47", "end": "00:04:52", "text": "can literally overlay the Bitcoin chart"}, {"start": "00:04:49", "end": "00:04:55", "text": "uh on top of this quite exact. So uh for"}, {"start": "00:04:52", "end": "00:04:57", "text": "Bitcoin to pump this thing ideally also"}, {"start": "00:04:55", "end": "00:05:00", "text": "needs to needs to go up. So all in all"}, {"start": "00:04:57", "end": "00:05:03", "text": "Bitcoin now pushing resistance"}, {"start": "00:05:00", "end": "00:05:05", "text": "trying uh really really trying man."}, {"start": "00:05:03", "end": "00:05:08", "text": "Really trying. It tried last week tried"}, {"start": "00:05:05", "end": "00:05:10", "text": "here basically a five out of 10 last"}, {"start": "00:05:08", "end": "00:05:12", "text": "weeks. It's trying. It's trying. It's"}, {"start": "00:05:10", "end": "00:05:13", "text": "pushing. And let me know in the comment"}, {"start": "00:05:12", "end": "00:05:14", "text": "section what you guys think. Do you"}, {"start": "00:05:13", "end": "00:05:16", "text": "think we're going to break it? Do you"}, {"start": "00:05:14", "end": "00:05:18", "text": "think we're going to have this nice run"}, {"start": "00:05:16", "end": "00:05:21", "text": "to 86? Or do you think we're going to"}, {"start": "00:05:18", "end": "00:05:23", "text": "get smashed? We're really here in a make"}, {"start": "00:05:21", "end": "00:05:26", "text": "it or break it situation for uh for"}, {"start": "00:05:23", "end": "00:05:29", "text": "Bitcoin in particular. Michael Sailor is"}, {"start": "00:05:26", "end": "00:05:32", "text": "buying issuing a stretch. Stretch is"}, {"start": "00:05:29", "end": "00:05:35", "text": "their new debt instrument which they pay"}, {"start": "00:05:32", "end": "00:05:38", "text": "10% yield on year-over-year. Uh issuing"}, {"start": "00:05:35", "end": "00:05:40", "text": "uh all kinds of debt. They now issued 1"}, {"start": "00:05:38", "end": "00:05:43", "text": "billion 1 billion debt which they which"}, {"start": "00:05:40", "end": "00:05:46", "text": "they put into into Bitcoin accumulating."}, {"start": "00:05:43", "end": "00:05:49", "text": "So they bought another billion. Okay."}, {"start": "00:05:46", "end": "00:05:52", "text": "Then you also have uh Tom Lee continuing"}, {"start": "00:05:49", "end": "00:05:55", "text": "to buy as well. Bit mine massively buy"}, {"start": "00:05:52", "end": "00:05:59", "text": "and Tom Lee now is at 5%. So for Tom Lee"}, {"start": "00:05:55", "end": "00:06:02", "text": "this dips it's uh it's fantastic. He's"}, {"start": "00:05:59", "end": "00:06:04", "text": "again he his motivation here is to grow"}, {"start": "00:06:02", "end": "00:06:05", "text": "the treasure. Grow the treasury. Grow"}, {"start": "00:06:04", "end": "00:06:08", "text": "the treasury. And uh when he's saying"}, {"start": "00:06:05", "end": "00:06:10", "text": "that that ETH is going to go to 60k next"}, {"start": "00:06:08", "end": "00:06:12", "text": "month like he did in December, remember"}, {"start": "00:06:10", "end": "00:06:14", "text": "the the motivation. it's it's to grow"}, {"start": "00:06:12", "end": "00:06:16", "text": "the treasury to keep the position as the"}, {"start": "00:06:14", "end": "00:06:20", "text": "head of the treasury and so on so forth."}, {"start": "00:06:16", "end": "00:06:22", "text": "Um so seller buying uh you have um uh"}, {"start": "00:06:20", "end": "00:06:26", "text": "you have Tom Lee also buying. Uh now"}, {"start": "00:06:22", "end": "00:06:30", "text": "looking at the overall market right now"}, {"start": "00:06:26", "end": "00:06:33", "text": "uh in case in case we go higher here we"}, {"start": "00:06:30", "end": "00:06:37", "text": "will be getting closer to the flip level"}, {"start": "00:06:33", "end": "00:06:39", "text": "right here. And uh uh should we go to"}, {"start": "00:06:37", "end": "00:06:40", "text": "the bull okay then it's bull then we"}, {"start": "00:06:39", "end": "00:06:42", "text": "have the bull signal. And that's the"}, {"start": "00:06:40", "end": "00:06:44", "text": "best thing with uh being bearish since"}, {"start": "00:06:42", "end": "00:06:45", "text": "October which we've been on this"}, {"start": "00:06:44", "end": "00:06:48", "text": "channel. We have all of the options. I"}, {"start": "00:06:45", "end": "00:06:50", "text": "mean all optionalities are are in our"}, {"start": "00:06:48", "end": "00:06:53", "text": "favor right right now the most important"}, {"start": "00:06:50", "end": "00:06:55", "text": "thing is to capture the biggest uh part"}, {"start": "00:06:53", "end": "00:06:57", "text": "of the move the biggest part of the move"}, {"start": "00:06:55", "end": "00:06:59", "text": "in each bull this is very important we"}, {"start": "00:06:57", "end": "00:07:02", "text": "wrote this tweet yesterday if you check"}, {"start": "00:06:59", "end": "00:07:05", "text": "here Carl Ian averaged 31% annual"}, {"start": "00:07:02", "end": "00:07:07", "text": "returns Warren Buffett averaged 20%. So"}, {"start": "00:07:05", "end": "00:07:11", "text": "you look at Carl Aen, he actually was a"}, {"start": "00:07:07", "end": "00:07:14", "text": "better investor. He did average more per"}, {"start": "00:07:11", "end": "00:07:17", "text": "year on average throughout his investing"}, {"start": "00:07:14", "end": "00:07:20", "text": "career. Uh Warren Buffett averaged less."}, {"start": "00:07:17", "end": "00:07:23", "text": "But here's the thing. Uh Buffett is way"}, {"start": "00:07:20", "end": "00:07:26", "text": "richer. Buffett is worth 106 billion."}, {"start": "00:07:23", "end": "00:07:28", "text": "Icon only worth"}, {"start": "00:07:26", "end": "00:07:30", "text": "um 7 billion only in quotation mark. So"}, {"start": "00:07:28", "end": "00:07:34", "text": "it's all about compounding. Buffett"}, {"start": "00:07:30", "end": "00:07:36", "text": "never reset to zero. 90% of his wealth"}, {"start": "00:07:34", "end": "00:07:38", "text": "was made after age of 65 and he just let"}, {"start": "00:07:36", "end": "00:07:41", "text": "the wealth compound and each and every"}, {"start": "00:07:38", "end": "00:07:43", "text": "cycle he added to his wealth. He let it"}, {"start": "00:07:41", "end": "00:07:45", "text": "compound and that's the most important"}, {"start": "00:07:43", "end": "00:07:47", "text": "thing for us as we enter the next bull"}, {"start": "00:07:45", "end": "00:07:50", "text": "which I think we're going to do later"}, {"start": "00:07:47", "end": "00:07:52", "text": "this year. When you look at how long"}, {"start": "00:07:50", "end": "00:07:55", "text": "normally a bare market is, it's around a"}, {"start": "00:07:52", "end": "00:07:56", "text": "year. So if we look at that time scale,"}, {"start": "00:07:55", "end": "00:07:58", "text": "we still have approximately six months."}, {"start": "00:07:56", "end": "00:07:59", "text": "It's going to go quite fast. I mean six"}, {"start": "00:07:58", "end": "00:08:00", "text": "months is quite it's already been six"}, {"start": "00:07:59", "end": "00:08:02", "text": "months since we called the top in"}, {"start": "00:08:00", "end": "00:08:04", "text": "October."}, {"start": "00:08:02", "end": "00:08:06", "text": "Um, I don't think that the the bottom is"}, {"start": "00:08:04", "end": "00:08:08", "text": "in yet, but later this year is going to"}, {"start": "00:08:06", "end": "00:08:10", "text": "be in. And for us, it's important to"}, {"start": "00:08:08", "end": "00:08:12", "text": "compound. Never lose capital because as"}, {"start": "00:08:10", "end": "00:08:14", "text": "long as you can compound, as as long as"}, {"start": "00:08:12", "end": "00:08:16", "text": "you can play the next cycle, that's the"}, {"start": "00:08:14", "end": "00:08:18", "text": "best. You have money to buy, you have"}, {"start": "00:08:16", "end": "00:08:19", "text": "money to uh to speculate. The worst"}, {"start": "00:08:18", "end": "00:08:21", "text": "thing is when you don't have money to"}, {"start": "00:08:19", "end": "00:08:23", "text": "speculate, that's the worst. And this is"}, {"start": "00:08:21", "end": "00:08:26", "text": "where many people are at right now. Look"}, {"start": "00:08:23", "end": "00:08:27", "text": "here, looking at the Fed. Here's another"}, {"start": "00:08:26", "end": "00:08:30", "text": "thing we really need to happen. We need"}, {"start": "00:08:27", "end": "00:08:31", "text": "the Fed to print for the uh bull market"}, {"start": "00:08:30", "end": "00:08:34", "text": "to come back. I do believe we need the"}, {"start": "00:08:31", "end": "00:08:36", "text": "Fed to be able to print and um there are"}, {"start": "00:08:34", "end": "00:08:39", "text": "a few things that need to happen. Number"}, {"start": "00:08:36", "end": "00:08:42", "text": "one, oil needs to come down. It has to"}, {"start": "00:08:39", "end": "00:08:44", "text": "go down. Oil needs to be brought down in"}, {"start": "00:08:42", "end": "00:08:47", "text": "a big big way. Let's see if they can"}, {"start": "00:08:44", "end": "00:08:49", "text": "succeed with the Hormuz straight of"}, {"start": "00:08:47", "end": "00:08:51", "text": "Hormuz. But now Hormuz is blocked by"}, {"start": "00:08:49", "end": "00:08:53", "text": "Iran and the US. It's a very interesting"}, {"start": "00:08:51", "end": "00:08:56", "text": "situation with the Hormuz. You have now"}, {"start": "00:08:53", "end": "00:08:58", "text": "two countries blocking."}, {"start": "00:08:56", "end": "00:09:00", "text": "I guess you have to pay the toll to both"}, {"start": "00:08:58", "end": "00:09:04", "text": "of them now to Trump and to the"}, {"start": "00:09:00", "end": "00:09:05", "text": "Ayatollah Jr. So Hormuz blocked. Let's"}, {"start": "00:09:04", "end": "00:09:07", "text": "see what's going to happen if they have"}, {"start": "00:09:05", "end": "00:09:10", "text": "a deal. No deal. There's each and every"}, {"start": "00:09:07", "end": "00:09:13", "text": "day something new. Um this needs to come"}, {"start": "00:09:10", "end": "00:09:15", "text": "down for the Fed to to cut. But"}, {"start": "00:09:13", "end": "00:09:18", "text": "something else that may lead to Fed"}, {"start": "00:09:15", "end": "00:09:21", "text": "cutting is in case something breaks. So"}, {"start": "00:09:18", "end": "00:09:24", "text": "you have the private credit market"}, {"start": "00:09:21", "end": "00:09:25", "text": "potentially collapsing. Okay. uh a lot"}, {"start": "00:09:24", "end": "00:09:27", "text": "of news. If you read during the last"}, {"start": "00:09:25", "end": "00:09:30", "text": "weeks, during the last months, there's a"}, {"start": "00:09:27", "end": "00:09:33", "text": "lot of news. Potentially, the private"}, {"start": "00:09:30", "end": "00:09:35", "text": "credit is going to collapse. So, for the"}, {"start": "00:09:33", "end": "00:09:38", "text": "big print, this would be quite good if"}, {"start": "00:09:35", "end": "00:09:40", "text": "it does. Okay. Should this collapse,"}, {"start": "00:09:38", "end": "00:09:42", "text": "maybe this is the black spawn we need."}, {"start": "00:09:40", "end": "00:09:43", "text": "Okay, we we've been speaking about black"}, {"start": "00:09:42", "end": "00:09:44", "text": "one yesterday. What can be the black"}, {"start": "00:09:43", "end": "00:09:46", "text": "swan in crypto? Is it world repetitive"}, {"start": "00:09:44", "end": "00:09:49", "text": "finance, DeFi, where they're not really"}, {"start": "00:09:46", "end": "00:09:51", "text": "doing that great or is it u micros like,"}, {"start": "00:09:49", "end": "00:09:52", "text": "you know, some kind of black swan? What"}, {"start": "00:09:51", "end": "00:09:54", "text": "can be the black swan? I guess the black"}, {"start": "00:09:52", "end": "00:09:55", "text": "swan is the best from a riskreward. You"}, {"start": "00:09:54", "end": "00:09:58", "text": "know that you can buy you can it's"}, {"start": "00:09:55", "end": "00:10:00", "text": "fantastic riskreward you buy black swan"}, {"start": "00:09:58", "end": "00:10:02", "text": "is the best man you can you can become"}, {"start": "00:10:00", "end": "00:10:05", "text": "very wealthy if you just buy each black"}, {"start": "00:10:02", "end": "00:10:08", "text": "swan okay and uh and that's it. So let's"}, {"start": "00:10:05", "end": "00:10:10", "text": "see maybe this private credit that's"}, {"start": "00:10:08", "end": "00:10:13", "text": "going to be black swaning but something"}, {"start": "00:10:10", "end": "00:10:15", "text": "has to break that that would be a reason"}, {"start": "00:10:13", "end": "00:10:17", "text": "to to have the big print or or or oil"}, {"start": "00:10:15", "end": "00:10:20", "text": "has to come down and then they can just"}, {"start": "00:10:17", "end": "00:10:21", "text": "do normal uh big print and the big cut."}, {"start": "00:10:20", "end": "00:10:24", "text": "So that that's another important signal"}, {"start": "00:10:21", "end": "00:10:25", "text": "we need. Still, I think the reason why I"}, {"start": "00:10:24", "end": "00:10:28", "text": "don't think it's the bottom yet is that"}, {"start": "00:10:25", "end": "00:10:29", "text": "it's a bit far away from the from the"}, {"start": "00:10:28", "end": "00:10:32", "text": "cutting. The cutting doesn't have to"}, {"start": "00:10:29", "end": "00:10:34", "text": "happen tomorrow, but it needs to be"}, {"start": "00:10:32", "end": "00:10:38", "text": "within the foreseeable future so we can"}, {"start": "00:10:34", "end": "00:10:42", "text": "start pricing it in. If we look at um uh"}, {"start": "00:10:38", "end": "00:10:45", "text": "rate cuts, uh currently the number one"}, {"start": "00:10:42", "end": "00:10:48", "text": "uh number one um outcome is no rate"}, {"start": "00:10:45", "end": "00:10:50", "text": "cuts. no rate cuts this uh this year"}, {"start": "00:10:48", "end": "00:10:54", "text": "according to poly market and uh we're"}, {"start": "00:10:50", "end": "00:10:57", "text": "now at yeah 40 42% no rate cut no rate"}, {"start": "00:10:54", "end": "00:11:00", "text": "cut that's why I think later this year"}, {"start": "00:10:57", "end": "00:11:02", "text": "uh is way more way more probable based"}, {"start": "00:11:00", "end": "00:11:03", "text": "on the the bottom length you need to"}, {"start": "00:11:02", "end": "00:11:05", "text": "create a bottom it takes time to create"}, {"start": "00:11:03", "end": "00:11:07", "text": "a bottom and by the way the bottom could"}, {"start": "00:11:05", "end": "00:11:09", "text": "be 60k if we just remain here until the"}, {"start": "00:11:07", "end": "00:11:12", "text": "the August that August September that"}, {"start": "00:11:09", "end": "00:11:16", "text": "that can also be a situation a reality"}, {"start": "00:11:12", "end": "00:11:18", "text": "but timewise both when it comes to uh"}, {"start": "00:11:16", "end": "00:11:20", "text": "Fed cutting rate, we're too far away"}, {"start": "00:11:18", "end": "00:11:22", "text": "from that. Uh and also just normally you"}, {"start": "00:11:20", "end": "00:11:23", "text": "look at the crypto cycles, you look at"}, {"start": "00:11:22", "end": "00:11:26", "text": "how long it takes to reset the"}, {"start": "00:11:23", "end": "00:11:28", "text": "psychology, to reset the the sentiment."}, {"start": "00:11:26", "end": "00:11:31", "text": "Uh approximately 6 months to go for us"}, {"start": "00:11:28", "end": "00:11:34", "text": "still. Um so yeah, uh this thing we need"}, {"start": "00:11:31", "end": "00:11:36", "text": "we we need to have this uh come down the"}, {"start": "00:11:34", "end": "00:11:39", "text": "0% it has to come down. we need to be"}, {"start": "00:11:36", "end": "00:11:41", "text": "either that the situation changes and"}, {"start": "00:11:39", "end": "00:11:44", "text": "they will start discussing rate cuts"}, {"start": "00:11:41", "end": "00:11:46", "text": "this year or that we're closer to 2027"}, {"start": "00:11:44", "end": "00:11:48", "text": "and inside 2027 there are all kinds of"}, {"start": "00:11:46", "end": "00:11:51", "text": "great cuts. So that's that in terms of"}, {"start": "00:11:48", "end": "00:11:54", "text": "the the catalysts that we would need for"}, {"start": "00:11:51", "end": "00:11:56", "text": "a nice fantastic bottom round bottom. I"}, {"start": "00:11:54", "end": "00:11:58", "text": "see people in the comment section say"}, {"start": "00:11:56", "end": "00:11:59", "text": "that they love the round B. Yeah, I mean"}, {"start": "00:11:58", "end": "00:12:02", "text": "that's what we need. We need the bottom"}, {"start": "00:11:59", "end": "00:12:04", "text": "to be forming. Normally takes between 6"}, {"start": "00:12:02", "end": "00:12:07", "text": "months and 12 months to form a bottom."}, {"start": "00:12:04", "end": "00:12:09", "text": "Could 60k be the bottom? It could. It"}, {"start": "00:12:07", "end": "00:12:11", "text": "could. I think it's a bit lower lower"}, {"start": "00:12:09", "end": "00:12:13", "text": "probability, but it just takes a bit"}, {"start": "00:12:11", "end": "00:12:16", "text": "more time to form it. Okay, you need"}, {"start": "00:12:13", "end": "00:12:19", "text": "time to form the bottom. The bottom has"}, {"start": "00:12:16", "end": "00:12:21", "text": "to be big. Okay, just like here took a"}, {"start": "00:12:19", "end": "00:12:24", "text": "year to form it. We dropped here and"}, {"start": "00:12:21", "end": "00:12:26", "text": "then we're like a yearoop."}, {"start": "00:12:24", "end": "00:12:28", "text": "You see, needs to be like this. Uh it"}, {"start": "00:12:26", "end": "00:12:30", "text": "needs to be proper bottom. Here it took"}, {"start": "00:12:28", "end": "00:12:33", "text": "half a year and then we're not counting"}, {"start": "00:12:30", "end": "00:12:34", "text": "the the the COVID stuff that happened"}, {"start": "00:12:33", "end": "00:12:37", "text": "later. But here if you if you call this"}, {"start": "00:12:34", "end": "00:12:39", "text": "the bottom it took half a year. So we"}, {"start": "00:12:37", "end": "00:12:42", "text": "need to ensure that the bottom is formed"}, {"start": "00:12:39", "end": "00:12:45", "text": "in a very nice proper way and that's"}, {"start": "00:12:42", "end": "00:12:46", "text": "when the the chances are is the bottom."}, {"start": "00:12:45", "end": "00:12:48", "text": "So guys let know what you think. Let me"}, {"start": "00:12:46", "end": "00:12:50", "text": "know whether you agree. Let me know"}, {"start": "00:12:48", "end": "00:12:51", "text": "whether you disagree. And trust me guys"}, {"start": "00:12:50", "end": "00:12:53", "text": "I I want to be bull also man. I want to"}, {"start": "00:12:51", "end": "00:12:55", "text": "be bull. I want to be saying that you"}, {"start": "00:12:53", "end": "00:12:57", "text": "know I I want all coins back. I want all"}, {"start": "00:12:55", "end": "00:13:00", "text": "back. I want all season. I want us to be"}, {"start": "00:12:57", "end": "00:13:02", "text": "speaking about crap coins that go to the"}, {"start": "00:13:00", "end": "00:13:05", "text": "moon. But thing is I have to hold myself"}, {"start": "00:13:02", "end": "00:13:07", "text": "back a bit because we need the funds. We"}, {"start": "00:13:05", "end": "00:13:09", "text": "we need the the compounding. That's"}, {"start": "00:13:07", "end": "00:13:11", "text": "number one. Okay? We need the wealth. We"}, {"start": "00:13:09", "end": "00:13:13", "text": "need the wealth. We need the monies."}, {"start": "00:13:11", "end": "00:13:14", "text": "That's number one. That's number one."}, {"start": "00:13:13", "end": "00:13:16", "text": "Then all of the fun stuff is going to"}, {"start": "00:13:14", "end": "00:13:18", "text": "come in due time. In due time,"}, {"start": "00:13:16", "end": "00:13:20", "text": "everything's going to come. It's like"}, {"start": "00:13:18", "end": "00:13:22", "text": "you are a kid. You're impatient. You"}, {"start": "00:13:20", "end": "00:13:24", "text": "want car. You want freaking your own"}, {"start": "00:13:22", "end": "00:13:26", "text": "your own house. Listen, it's going to"}, {"start": "00:13:24", "end": "00:13:28", "text": "come in due time. In due time, man,"}, {"start": "00:13:26", "end": "00:13:30", "text": "you're still 12. That's kind of like"}, {"start": "00:13:28", "end": "00:13:32", "text": "this bottom. Listen, it's gonna come."}, {"start": "00:13:30", "end": "00:13:35", "text": "The time will come. Okay, it's gonna"}, {"start": "00:13:32", "end": "00:13:36", "text": "come."}, {"start": "00:13:35", "end": "00:13:40", "text": "But we need the money, guys. We need the"}, {"start": "00:13:36", "end": "00:13:43", "text": "money. And of course, with any kind of"}, {"start": "00:13:40", "end": "00:13:45", "text": "plan like the plan now, where the"}, {"start": "00:13:43", "end": "00:13:46", "text": "highest likelihood for us according to"}, {"start": "00:13:45", "end": "00:13:48", "text": "our plan is that the bottom is later in"}, {"start": "00:13:46", "end": "00:13:50", "text": "the year. Uh it's based on"}, {"start": "00:13:48", "end": "00:13:52", "text": "probabilities. So, we may be wrong."}, {"start": "00:13:50", "end": "00:13:54", "text": "Should we be wrong? Is Bitcoin just moon"}, {"start": "00:13:52", "end": "00:13:56", "text": "and money? We're going to adapt. Never"}, {"start": "00:13:54", "end": "00:13:59", "text": "let small mistakes turn into big"}, {"start": "00:13:56", "end": "00:14:01", "text": "disasters. Always be adaptive. And"}, {"start": "00:13:59", "end": "00:14:03", "text": "that's exactly what I discuss in my"}, {"start": "00:14:01", "end": "00:14:04", "text": "book, Big Profits. You You need the"}, {"start": "00:14:03", "end": "00:14:06", "text": "book, guys. If you haven't bought the"}, {"start": "00:14:04", "end": "00:14:08", "text": "book, get the book. The book Big"}, {"start": "00:14:06", "end": "00:14:10", "text": "Profits. It's all about that. I explain"}, {"start": "00:14:08", "end": "00:14:11", "text": "my biggest losses in in trading, my"}, {"start": "00:14:10", "end": "00:14:12", "text": "biggest wins. You're going to love the"}, {"start": "00:14:11", "end": "00:14:14", "text": "book, man. You're going to love the"}, {"start": "00:14:12", "end": "00:14:15", "text": "book, guys. Big shout out. What's"}, {"start": "00:14:14", "end": "00:14:17", "text": "happening? What's happening? It's"}, {"start": "00:14:15", "end": "00:14:19", "text": "Tuesday. Tuesday in it. Let me know how"}, {"start": "00:14:17", "end": "00:14:21", "text": "you're doing this fantastic um uh"}, {"start": "00:14:19", "end": "00:14:23", "text": "Tuesday. And by the way, we have a a bit"}, {"start": "00:14:21", "end": "00:14:25", "text": "of new camera angle. I moved the camera"}, {"start": "00:14:23", "end": "00:14:27", "text": "angle because it's so cool with this"}, {"start": "00:14:25", "end": "00:14:28", "text": "wall. We have kind of like Egyptian, you"}, {"start": "00:14:27", "end": "00:14:29", "text": "know, it's like Egyptian. I'm I'm like"}, {"start": "00:14:28", "end": "00:14:31", "text": "in an Egyptian pyramid. Like, you know,"}, {"start": "00:14:29", "end": "00:14:35", "text": "my studio is like Egyptian pyramid. I"}, {"start": "00:14:31", "end": "00:14:36", "text": "have this stuff here on the wall. I have"}, {"start": "00:14:35", "end": "00:14:38", "text": "is you don't see it there up there, but"}, {"start": "00:14:36", "end": "00:14:40", "text": "it it it's Bitcoin up there. It's it's a"}, {"start": "00:14:38", "end": "00:14:42", "text": "bit of Bitcoin up there. Okay. I love"}, {"start": "00:14:40", "end": "00:14:43", "text": "it. I love it. I love it. We had the the"}, {"start": "00:14:42", "end": "00:14:46", "text": "renovation here. It was actually Yeah."}, {"start": "00:14:43", "end": "00:14:49", "text": "Some some was actually last year, but"}, {"start": "00:14:46", "end": "00:14:50", "text": "now it's it's it's very very nice. So,"}, {"start": "00:14:49", "end": "00:14:52", "text": "number one, smash up the like if you're"}, {"start": "00:14:50", "end": "00:14:54", "text": "new. Subscribe if you're new. Smash the"}, {"start": "00:14:52", "end": "00:14:56", "text": "bell if you're new. like, smash even if"}, {"start": "00:14:54", "end": "00:14:59", "text": "you're not new. Uh, then go to"}, {"start": "00:14:56", "end": "00:14:59", "text": "bullmania.com/partners"}, {"start": "00:14:59", "end": "00:15:03", "text": "to get all of the exchange bonuses. Now,"}, {"start": "00:15:01", "end": "00:15:05", "text": "in the bare market, there are big fat"}, {"start": "00:15:03", "end": "00:15:06", "text": "bonuses. So, do that. And then, if you"}, {"start": "00:15:05", "end": "00:15:08", "text": "want to learn trading, go to"}, {"start": "00:15:06", "end": "00:15:09", "text": "bullmania.com. All the links are in"}, {"start": "00:15:08", "end": "00:15:12", "text": "description. bullmania.com and watch the"}, {"start": "00:15:09", "end": "00:15:15", "text": "free training for trading. Also, each"}, {"start": "00:15:12", "end": "00:15:18", "text": "and every week I send a free newsletter"}, {"start": "00:15:15", "end": "00:15:21", "text": "analyzing the whole market. And you get"}, {"start": "00:15:18", "end": "00:15:21", "text": "that if you go to bullmaker.com/news."}, {"start": "00:15:22", "end": "00:15:26", "text": "It's uh below bulling.com/news."}, {"start": "00:15:24", "end": "00:15:27", "text": "So do all of that. And on this and also"}, {"start": "00:15:26", "end": "00:15:29", "text": "big shout out to Guzman. Did you say"}, {"start": "00:15:27", "end": "00:15:33", "text": "that? Big fat shout out to Guzman. And"}, {"start": "00:15:29", "end": "00:15:34", "text": "on this note, let's go to uh more news"}, {"start": "00:15:33", "end": "00:15:37", "text": "and then we'll go to Q&A. First and"}, {"start": "00:15:34", "end": "00:15:39", "text": "foremost, the SEC now is saying that if"}, {"start": "00:15:37", "end": "00:15:42", "text": "you have a D5 front end, you have just a"}, {"start": "00:15:39", "end": "00:15:44", "text": "website that is a front end to a D5"}, {"start": "00:15:42", "end": "00:15:46", "text": "protocol. Let's say you have Phantom"}, {"start": "00:15:44", "end": "00:15:49", "text": "wallet, MetaMask, you have uh unis swap,"}, {"start": "00:15:46", "end": "00:15:52", "text": "you have just a D5 front end. You're not"}, {"start": "00:15:49", "end": "00:15:54", "text": "a broker dealer. That's massive guys."}, {"start": "00:15:52", "end": "00:15:56", "text": "This is a big big news for crypto."}, {"start": "00:15:54", "end": "00:15:59", "text": "That's fantastic. Fantastic. Uh yeah,"}, {"start": "00:15:56", "end": "00:16:02", "text": "it's it's massive guys. It's massive. It"}, {"start": "00:15:59", "end": "00:16:04", "text": "opens up all kinds of uh clear pathway"}, {"start": "00:16:02", "end": "00:16:06", "text": "for entrepreneurs who want to build"}, {"start": "00:16:04", "end": "00:16:09", "text": "stuff in crypto because at the end of"}, {"start": "00:16:06", "end": "00:16:12", "text": "the day, you know that there is no"}, {"start": "00:16:09", "end": "00:16:13", "text": "regulatory issue. And if you are an"}, {"start": "00:16:12", "end": "00:16:15", "text": "incumbent, let's say you're a bank or"}, {"start": "00:16:13", "end": "00:16:17", "text": "whatever, you don't have regulatory"}, {"start": "00:16:15", "end": "00:16:19", "text": "mode. It's all about who can market the"}, {"start": "00:16:17", "end": "00:16:21", "text": "best, who can have the best front end."}, {"start": "00:16:19", "end": "00:16:22", "text": "Okay? And that's that's a level playing"}, {"start": "00:16:21", "end": "00:16:23", "text": "field because it's all about marketing."}, {"start": "00:16:22", "end": "00:16:24", "text": "If you're good at marketing, your front"}, {"start": "00:16:23", "end": "00:16:26", "text": "end is going to be big. If you're not"}, {"start": "00:16:24", "end": "00:16:27", "text": "good at marketing, your front end is not"}, {"start": "00:16:26", "end": "00:16:30", "text": "going to be big. That's it. So there's"}, {"start": "00:16:27", "end": "00:16:33", "text": "no regulatory mode which is making the"}, {"start": "00:16:30", "end": "00:16:35", "text": "space way more democratic. So the AC"}, {"start": "00:16:33", "end": "00:16:37", "text": "just said if you have a website and a"}, {"start": "00:16:35", "end": "00:16:39", "text": "defa front end and you have no custody"}, {"start": "00:16:37", "end": "00:16:41", "text": "of user funds, no investment advice or"}, {"start": "00:16:39", "end": "00:16:43", "text": "recommendations, this is where some"}, {"start": "00:16:41", "end": "00:16:44", "text": "wallets may have to adjust a bit because"}, {"start": "00:16:43", "end": "00:16:48", "text": "they sometimes have you know the hot"}, {"start": "00:16:44", "end": "00:16:50", "text": "coins or you know new mints that are hot"}, {"start": "00:16:48", "end": "00:16:52", "text": "or some something like that. So if you"}, {"start": "00:16:50", "end": "00:16:53", "text": "have a front end where people trade and"}, {"start": "00:16:52", "end": "00:16:55", "text": "you have some kind of market analysis"}, {"start": "00:16:53", "end": "00:16:58", "text": "some I mean for example pump fun they"}, {"start": "00:16:55", "end": "00:17:00", "text": "have you know king of the hill this uh"}, {"start": "00:16:58", "end": "00:17:03", "text": "stuff that may be a bit questionable but"}, {"start": "00:17:00", "end": "00:17:04", "text": "listen with the existing administration"}, {"start": "00:17:03", "end": "00:17:07", "text": "in the US I'm sure they're going to"}, {"start": "00:17:04", "end": "00:17:09", "text": "they're going to allow that also. So no"}, {"start": "00:17:07", "end": "00:17:11", "text": "order routing or execution."}, {"start": "00:17:09", "end": "00:17:13", "text": "This one is going to be interesting how"}, {"start": "00:17:11", "end": "00:17:16", "text": "they interpret it. But my understanding"}, {"start": "00:17:13", "end": "00:17:18", "text": "is that just uh uh connecting to a DEX,"}, {"start": "00:17:16", "end": "00:17:21", "text": "you're not doing any order routing or"}, {"start": "00:17:18", "end": "00:17:23", "text": "execution. You're just passing the order"}, {"start": "00:17:21", "end": "00:17:24", "text": "to the uh to the blockchain and that's"}, {"start": "00:17:23", "end": "00:17:26", "text": "it. Now does this mean you're doing"}, {"start": "00:17:24", "end": "00:17:28", "text": "order routing? I don't know. But because"}, {"start": "00:17:26", "end": "00:17:31", "text": "everyone is celebrating in crypto,"}, {"start": "00:17:28", "end": "00:17:33", "text": "everyone is loving this news. All of the"}, {"start": "00:17:31", "end": "00:17:36", "text": "DeFi are loving this news. Everyone is"}, {"start": "00:17:33", "end": "00:17:38", "text": "loving this news. My conclusion based on"}, {"start": "00:17:36", "end": "00:17:39", "text": "that is that uh if you have a front end"}, {"start": "00:17:38", "end": "00:17:41", "text": "and you just interact with a defi,"}, {"start": "00:17:39", "end": "00:17:42", "text": "you're not doing order routing. Okay,"}, {"start": "00:17:41", "end": "00:17:43", "text": "with a def smart contract, you're not"}, {"start": "00:17:42", "end": "00:17:45", "text": "doing order routing. That's how I see it"}, {"start": "00:17:43", "end": "00:17:47", "text": "because everyone everyone loves it. I"}, {"start": "00:17:45", "end": "00:17:49", "text": "mean, everyone loves it this news. Then"}, {"start": "00:17:47", "end": "00:17:52", "text": "this one is important. You can have a"}, {"start": "00:17:49", "end": "00:17:54", "text": "fixed neutral fee structure and I asked"}, {"start": "00:17:52", "end": "00:17:55", "text": "I talked with AI the other day about it."}, {"start": "00:17:54", "end": "00:17:58", "text": "Well, it was yesterday when the news"}, {"start": "00:17:55", "end": "00:18:00", "text": "broke and basically this means that you"}, {"start": "00:17:58", "end": "00:18:02", "text": "are fully fair. You can take either a"}, {"start": "00:18:00", "end": "00:18:04", "text": "fixed fee or a percent of the"}, {"start": "00:18:02", "end": "00:18:06", "text": "transaction. So exchanges obviously take"}, {"start": "00:18:04", "end": "00:18:08", "text": "percent of transaction in DeFi and uh"}, {"start": "00:18:06", "end": "00:18:10", "text": "you you're not discriminating you know"}, {"start": "00:18:08", "end": "00:18:12", "text": "you're not having some special deal with"}, {"start": "00:18:10", "end": "00:18:14", "text": "someone you're just neutral and and"}, {"start": "00:18:12", "end": "00:18:16", "text": "transparent and and fair. So it's"}, {"start": "00:18:14", "end": "00:18:19", "text": "basically what is happening anyway in"}, {"start": "00:18:16", "end": "00:18:22", "text": "most cases. Now um no discretion over"}, {"start": "00:18:19", "end": "00:18:25", "text": "transactions or market activity. Here is"}, {"start": "00:18:22", "end": "00:18:27", "text": "where uh I don't know if all wallets do"}, {"start": "00:18:25", "end": "00:18:29", "text": "it but I do know that some wallets some"}, {"start": "00:18:27", "end": "00:18:31", "text": "wallets do collaborate with market"}, {"start": "00:18:29", "end": "00:18:32", "text": "makers. Here you may have to remove that"}, {"start": "00:18:31", "end": "00:18:35", "text": "and just post everything to the"}, {"start": "00:18:32", "end": "00:18:37", "text": "blockchain instantly. So yeah let let's"}, {"start": "00:18:35", "end": "00:18:40", "text": "see what it is. And people are reacting"}, {"start": "00:18:37", "end": "00:18:42", "text": "to you know no order no no order routing"}, {"start": "00:18:40", "end": "00:18:44", "text": "or execution. But the thing is based on"}, {"start": "00:18:42", "end": "00:18:47", "text": "the celebrations people have of this"}, {"start": "00:18:44", "end": "00:18:49", "text": "post they love it. They love it. So uh"}, {"start": "00:18:47", "end": "00:18:52", "text": "uh if if you are a broker dealer lawyer"}, {"start": "00:18:49", "end": "00:18:53", "text": "please clarify in the comment section"}, {"start": "00:18:52", "end": "00:18:55", "text": "what it is why everyone loves it because"}, {"start": "00:18:53", "end": "00:18:59", "text": "potentially you can say that the front"}, {"start": "00:18:55", "end": "00:19:01", "text": "ends are are uh doing order uh routing"}, {"start": "00:18:59", "end": "00:19:04", "text": "but uh it doesn't seem like that based"}, {"start": "00:19:01", "end": "00:19:07", "text": "on community reaction like the bankless"}, {"start": "00:19:04", "end": "00:19:09", "text": "guys are saying huge the SEC just gave"}, {"start": "00:19:07", "end": "00:19:11", "text": "DeFi a broker exemption unis swapi metam"}, {"start": "00:19:09", "end": "00:19:14", "text": "mask swap the exaggers don't need to"}, {"start": "00:19:11", "end": "00:19:17", "text": "register apps just can't get paid for"}, {"start": "00:19:14", "end": "00:19:19", "text": "order flow which they I This it's not"}, {"start": "00:19:17", "end": "00:19:21", "text": "standard anyway for most of them. Offer"}, {"start": "00:19:19", "end": "00:19:24", "text": "investment advice or touch user funds."}, {"start": "00:19:21", "end": "00:19:26", "text": "Exactly the clarity we need. Uh yeah I"}, {"start": "00:19:24", "end": "00:19:27", "text": "mean let's see it's fantastic if it is"}, {"start": "00:19:26", "end": "00:19:29", "text": "like that. It's fantastic. It seems that"}, {"start": "00:19:27", "end": "00:19:30", "text": "it is like that. So good for DeFi. I"}, {"start": "00:19:29", "end": "00:19:32", "text": "mean for next bull market is going to"}, {"start": "00:19:30", "end": "00:19:34", "text": "open up all kinds of opportunities and"}, {"start": "00:19:32", "end": "00:19:39", "text": "uh more clarity for founders. Guys look"}, {"start": "00:19:34", "end": "00:19:44", "text": "here X XXX Nikita Beer from X. He is"}, {"start": "00:19:39", "end": "00:19:46", "text": "saying crypto has had a rough year."}, {"start": "00:19:44", "end": "00:19:48", "text": "Maybe we should launch something to fix"}, {"start": "00:19:46", "end": "00:19:50", "text": "it. Now, what is interesting is that"}, {"start": "00:19:48", "end": "00:19:53", "text": "potentially it's a bit good for Solana."}, {"start": "00:19:50", "end": "00:19:57", "text": "Look here. Advisor Solana. Okay. Head of"}, {"start": "00:19:53", "end": "00:20:00", "text": "product at X advisor Sana. Will they do"}, {"start": "00:19:57", "end": "00:20:03", "text": "something with the Soul uh or not? Let's"}, {"start": "00:20:00", "end": "00:20:06", "text": "see, guys. Let's see. Uh but uh looking"}, {"start": "00:20:03", "end": "00:20:09", "text": "at the overall price, let's see. Sana"}, {"start": "00:20:06", "end": "00:20:11", "text": "price. You guessed it, guys. Our target"}, {"start": "00:20:09", "end": "00:20:13", "text": "of 30 is still in play. It's in play,"}, {"start": "00:20:11", "end": "00:20:15", "text": "guys. It's in play. It's still in play."}, {"start": "00:20:13", "end": "00:20:17", "text": "It's I I would say it's in play until we"}, {"start": "00:20:15", "end": "00:20:18", "text": "flip bullish here. Uh and I mean"}, {"start": "00:20:17", "end": "00:20:21", "text": "especially it's in play as long as we're"}, {"start": "00:20:18", "end": "00:20:26", "text": "below this uh level of of previous"}, {"start": "00:20:21", "end": "00:20:29", "text": "support here. So will Nikita beer save"}, {"start": "00:20:26", "end": "00:20:31", "text": "from its fate? Ah I don't know. I don't"}, {"start": "00:20:29", "end": "00:20:32", "text": "know. Maybe he will. Maybe. Let's see,"}, {"start": "00:20:31", "end": "00:20:34", "text": "guys. Let's see. Let's see. Let's see."}, {"start": "00:20:32", "end": "00:20:37", "text": "Let's see. Uh so guys, over to you. What"}, {"start": "00:20:34", "end": "00:20:40", "text": "do you think? Will this be"}, {"start": "00:20:37", "end": "00:20:44", "text": "a uh true breakout? We go to alltime"}, {"start": "00:20:40", "end": "00:20:46", "text": "high. and I will have to say bye-bye to"}, {"start": "00:20:44", "end": "00:20:47", "text": "my buy zone. Let me know in the comment"}, {"start": "00:20:46", "end": "00:20:49", "text": "section if you think that's that that"}, {"start": "00:20:47", "end": "00:20:54", "text": "that's scenario number one. We say"}, {"start": "00:20:49", "end": "00:21:00", "text": "bye-bye or it's a trap that traps"}, {"start": "00:20:54", "end": "00:21:02", "text": "everyone before the next fat leg down,"}, {"start": "00:21:00", "end": "00:21:03", "text": "the big flash as we call it. Let's see."}, {"start": "00:21:02", "end": "00:21:04", "text": "Let's see. Let's see. Let's see. Let's"}, {"start": "00:21:03", "end": "00:21:06", "text": "see this. Let's see. Let me know what"}, {"start": "00:21:04", "end": "00:21:08", "text": "you think. And as always, let's go to"}, {"start": "00:21:06", "end": "00:21:10", "text": "Q&A. Big shout out to Guzman. Go to"}, {"start": "00:21:08", "end": "00:21:12", "text": "boomme.com to learn trading properly."}, {"start": "00:21:10", "end": "00:21:14", "text": "That's number one. Go to"}, {"start": "00:21:12", "end": "00:21:16", "text": "bulme.com/partners to get big fat signup"}, {"start": "00:21:14", "end": "00:21:17", "text": "bonus because you learn trading"}, {"start": "00:21:16", "end": "00:21:19", "text": "properly. But if you have no money, you"}, {"start": "00:21:17", "end": "00:21:20", "text": "have no money. You need you need"}, {"start": "00:21:19", "end": "00:21:22", "text": "something. So here you have all kinds of"}, {"start": "00:21:20", "end": "00:21:25", "text": "signup bonuses. If you use our links,"}, {"start": "00:21:22", "end": "00:21:28", "text": "use that and uh go to bullying.com/news"}, {"start": "00:21:25", "end": "00:21:30", "text": "for the newsletter. Free newsletter. You"}, {"start": "00:21:28", "end": "00:21:32", "text": "get updated in real time. Guys, let's"}, {"start": "00:21:30", "end": "00:21:34", "text": "go. Let's go. Let's go. Let's go as soon"}, {"start": "00:21:32", "end": "00:21:37", "text": "as possible. Z is fully captured. Yes."}, {"start": "00:21:34", "end": "00:21:39", "text": "Yes. Yes. Indeed. Um let me just uh so"}, {"start": "00:21:37", "end": "00:21:42", "text": "yeah. looking at u uh the different"}, {"start": "00:21:39", "end": "00:21:44", "text": "assets. Let's see what's happening here"}, {"start": "00:21:42", "end": "00:21:46", "text": "with the"}, {"start": "00:21:44", "end": "00:21:48", "text": "with the with the different assets on"}, {"start": "00:21:46", "end": "00:21:51", "text": "the weekly. What's happening on the"}, {"start": "00:21:48", "end": "00:21:54", "text": "weekly? You have oil bullish as hell."}, {"start": "00:21:51", "end": "00:21:58", "text": "Copper uh a bit sideways bare but up a"}, {"start": "00:21:54", "end": "00:22:01", "text": "bit. Uh you have um let's see, do we"}, {"start": "00:21:58", "end": "00:22:03", "text": "have wheat? Wheat is up 8%. Very nice."}, {"start": "00:22:01", "end": "00:22:06", "text": "Uh"}, {"start": "00:22:03", "end": "00:22:07", "text": "lean hog since 3 months ago up 17%."}, {"start": "00:22:06", "end": "00:22:10", "text": "There you go. There you go. Orange"}, {"start": "00:22:07", "end": "00:22:14", "text": "juice. Bearish but still don't want to"}, {"start": "00:22:10", "end": "00:22:16", "text": "go bear the number one chart guys. It is"}, {"start": "00:22:14", "end": "00:22:19", "text": "oil. It's oil. It's oil. Looking at the"}, {"start": "00:22:16", "end": "00:22:22", "text": "stocks. Let's see what stocks are doing."}, {"start": "00:22:19", "end": "00:22:25", "text": "Let's see also just category. Let's"}, {"start": "00:22:22", "end": "00:22:28", "text": "check Mike 7. What are the max 7s doing?"}, {"start": "00:22:25", "end": "00:22:31", "text": "Uh bear bear bear bear. Micros manic so"}, {"start": "00:22:28", "end": "00:22:33", "text": "weak. Microsoft is kind of was holding"}, {"start": "00:22:31", "end": "00:22:35", "text": "everything back now. Uh the the stock"}, {"start": "00:22:33", "end": "00:22:38", "text": "market wants to go bull."}, {"start": "00:22:35", "end": "00:22:40", "text": "man Microsoft if this thing cannot get"}, {"start": "00:22:38", "end": "00:22:44", "text": "over the 200 week moving average it's"}, {"start": "00:22:40", "end": "00:22:46", "text": "very bad very very bad uh but in general"}, {"start": "00:22:44", "end": "00:22:49", "text": "buying something like Microsoft at 200"}, {"start": "00:22:46", "end": "00:22:53", "text": "week moving average is is good man it's"}, {"start": "00:22:49", "end": "00:22:54", "text": "good I mean anything that is big max 7"}, {"start": "00:22:53", "end": "00:22:58", "text": "and you can buy it at the 200 week"}, {"start": "00:22:54", "end": "00:23:00", "text": "moving average man is good it's good so"}, {"start": "00:22:58", "end": "00:23:02", "text": "yeah let's see if it can get get above"}, {"start": "00:23:00", "end": "00:23:05", "text": "it but listen even if he gets rejected"}, {"start": "00:23:02", "end": "00:23:07", "text": "buying mag seven stuff at 200 week"}, {"start": "00:23:05", "end": "00:23:10", "text": "moving average. I mean historically"}, {"start": "00:23:07", "end": "00:23:12", "text": "yourself it's uh it's very good very"}, {"start": "00:23:10", "end": "00:23:15", "text": "good. Now it is below it. So that's kind"}, {"start": "00:23:12", "end": "00:23:17", "text": "of that's kind of new but um so it could"}, {"start": "00:23:15", "end": "00:23:19", "text": "rejected but yeah it's still 200 week"}, {"start": "00:23:17", "end": "00:23:21", "text": "moving average for max 7 just like"}, {"start": "00:23:19", "end": "00:23:24", "text": "Bitcoin at 200 week moving average the"}, {"start": "00:23:21", "end": "00:23:26", "text": "buy zone starts. So even a bit a bit"}, {"start": "00:23:24", "end": "00:23:28", "text": "above 200 moving average. So that's a"}, {"start": "00:23:26", "end": "00:23:33", "text": "that's a big signal overall."}, {"start": "00:23:28", "end": "00:23:37", "text": "Let's check uh the [�__�] coins what we"}, {"start": "00:23:33", "end": "00:23:39", "text": "have in terms of the bull situation. Uh"}, {"start": "00:23:37", "end": "00:23:40", "text": "yeah, I mean a lot of these random ones."}, {"start": "00:23:39", "end": "00:23:43", "text": "Let's see. Backpack. What's backpack"}, {"start": "00:23:40", "end": "00:23:48", "text": "doing? Up a lot. Boop right here."}, {"start": "00:23:43", "end": "00:23:52", "text": "Explode to the upside. Bull trend. Uh"}, {"start": "00:23:48", "end": "00:23:53", "text": "engine. We looked at uh yeah Leo. Leo"}, {"start": "00:23:52", "end": "00:23:55", "text": "Leo. What's happening? The Bitfinex"}, {"start": "00:23:53", "end": "00:23:58", "text": "thing."}, {"start": "00:23:55", "end": "00:24:00", "text": "Boop. I mean this one. Look here."}, {"start": "00:23:58", "end": "00:24:02", "text": "Not bad."}, {"start": "00:24:00", "end": "00:24:04", "text": "Leo,"}, {"start": "00:24:02", "end": "00:24:07", "text": "there you go."}, {"start": "00:24:04", "end": "00:24:10", "text": "Uh, ontology, guys. Remember ontology"}, {"start": "00:24:07", "end": "00:24:12", "text": "from 2017 times? Trying to go bull."}, {"start": "00:24:10", "end": "00:24:19", "text": "Yeah. Rejected by the 50. My good old"}, {"start": "00:24:12", "end": "00:24:19", "text": "times. 2017. Okay. Q&A. Q&A, guys. Q&A."}, {"start": "00:24:24", "end": "00:24:29", "text": "Lo G3 original. How was your jet ride?"}, {"start": "00:24:27", "end": "00:24:31", "text": "Yeah, I mean, listen, it's it is what it"}, {"start": "00:24:29", "end": "00:24:32", "text": "is. Like, it's people have this. It's"}, {"start": "00:24:31", "end": "00:24:34", "text": "it's luxurious this and that. I mean,"}, {"start": "00:24:32", "end": "00:24:37", "text": "it's just convenient, man. It's"}, {"start": "00:24:34", "end": "00:24:40", "text": "convenient as hell. Get the dogs in, get"}, {"start": "00:24:37", "end": "00:24:41", "text": "everyone in the freaking uh plane, go"}, {"start": "00:24:40", "end": "00:24:43", "text": "anywhere you want. It's convenient, but"}, {"start": "00:24:41", "end": "00:24:45", "text": "at the same time, like, it's if you"}, {"start": "00:24:43", "end": "00:24:47", "text": "flown a normal plane, you have most of"}, {"start": "00:24:45", "end": "00:24:51", "text": "the experience anyway. It's just that,"}, {"start": "00:24:47", "end": "00:24:53", "text": "you know, no queue, no no anything. Get"}, {"start": "00:24:51", "end": "00:24:56", "text": "the freaking dogs in, get everyone in,"}, {"start": "00:24:53", "end": "00:25:00", "text": "that's it. record video about the book."}, {"start": "00:24:56", "end": "00:25:03", "text": "So, it's uh I mean it is what it is. I"}, {"start": "00:25:00", "end": "00:25:05", "text": "don't want to like over"}, {"start": "00:25:03", "end": "00:25:09", "text": "over dramatize it. If you flow normal"}, {"start": "00:25:05", "end": "00:25:10", "text": "plane, it's uh it's like 90% the same."}, {"start": "00:25:09", "end": "00:25:13", "text": "But it's just everything around it."}, {"start": "00:25:10", "end": "00:25:16", "text": "Everything around it."}, {"start": "00:25:13", "end": "00:25:16", "text": "Everything around."}, {"start": "00:25:20", "end": "00:25:25", "text": "Get this guy in. You know, he's he's"}, {"start": "00:25:22", "end": "00:25:26", "text": "massive. He's massive. He cannot he"}, {"start": "00:25:25", "end": "00:25:31", "text": "cannot go normal. He cannot. It's uh"}, {"start": "00:25:26", "end": "00:25:34", "text": "yeah he's uh so yeah there you go."}, {"start": "00:25:31", "end": "00:25:37", "text": "No in case you have some lay no lay all"}, {"start": "00:25:34", "end": "00:25:37", "text": "that. Yeah."}, {"start": "00:25:38", "end": "00:25:41", "text": "I refuse to believe you missed the"}, {"start": "00:25:40", "end": "00:25:43", "text": "bottom. No no man. You need to buy the"}, {"start": "00:25:41", "end": "00:25:46", "text": "book. We're not Listen. We're here to"}, {"start": "00:25:43", "end": "00:25:49", "text": "capture most of the trend. I don't care"}, {"start": "00:25:46", "end": "00:25:51", "text": "about the bottom. Just like in 2023. You"}, {"start": "00:25:49", "end": "00:25:55", "text": "remember we entered Bitcoin 2023 heavily"}, {"start": "00:25:51", "end": "00:25:56", "text": "heavily heavily. It wasn't the bottom"}, {"start": "00:25:55", "end": "00:25:59", "text": "catching the bottom. It's it's for the"}, {"start": "00:25:56", "end": "00:26:01", "text": "plebbea. You want the nice riskreward."}, {"start": "00:25:59", "end": "00:26:02", "text": "We entered here. We entered here mainly"}, {"start": "00:26:01", "end": "00:26:04", "text": "here. We did have I mean if you've been"}, {"start": "00:26:02", "end": "00:26:07", "text": "watching back then we did have a few"}, {"start": "00:26:04", "end": "00:26:09", "text": "like limit orders but the big uh even"}, {"start": "00:26:07", "end": "00:26:13", "text": "here you know 17 15 and so on. But the"}, {"start": "00:26:09", "end": "00:26:16", "text": "big big money was entered here then"}, {"start": "00:26:13", "end": "00:26:18", "text": "right right the whole thing because like"}, {"start": "00:26:16", "end": "00:26:20", "text": "we just said did you watch the video? We"}, {"start": "00:26:18", "end": "00:26:22", "text": "just said it. You want to compound cycle"}, {"start": "00:26:20", "end": "00:26:26", "text": "after cycle."}, {"start": "00:26:22", "end": "00:26:28", "text": "You don't need to squeeze all of the all"}, {"start": "00:26:26", "end": "00:26:31", "text": "of the move in each cycle. Why? Because"}, {"start": "00:26:28", "end": "00:26:33", "text": "you want nice risk return risk reward so"}, {"start": "00:26:31", "end": "00:26:36", "text": "that your returns are compounding just"}, {"start": "00:26:33", "end": "00:26:38", "text": "like Carl Iken has better performance"}, {"start": "00:26:36", "end": "00:26:40", "text": "than Warren Buffett. Warren Buffett is"}, {"start": "00:26:38", "end": "00:26:41", "text": "more than 20 times richer than Carl"}, {"start": "00:26:40", "end": "00:26:44", "text": "Icon. Why? Because he could compound"}, {"start": "00:26:41", "end": "00:26:46", "text": "over longer time over many cycles. So"}, {"start": "00:26:44", "end": "00:26:48", "text": "anyway, you really need the book if"}, {"start": "00:26:46", "end": "00:26:49", "text": "you're trying to to you know hit the hit"}, {"start": "00:26:48", "end": "00:26:52", "text": "the bottom. You really need the book."}, {"start": "00:26:49", "end": "00:26:54", "text": "And then also another thing when you"}, {"start": "00:26:52", "end": "00:26:56", "text": "have a nice entry from a riskreward"}, {"start": "00:26:54", "end": "00:26:57", "text": "perspective"}, {"start": "00:26:56", "end": "00:27:00", "text": "then and you know the mechanical rules"}, {"start": "00:26:57", "end": "00:27:01", "text": "using buy bit using other platforms"}, {"start": "00:27:00", "end": "00:27:03", "text": "using leverage like it doesn't matter"}, {"start": "00:27:01", "end": "00:27:05", "text": "like did you buy at the very bottom or"}, {"start": "00:27:03", "end": "00:27:07", "text": "and no one buys at the very bottom it's"}, {"start": "00:27:05", "end": "00:27:11", "text": "uh I mean people that it's like you know"}, {"start": "00:27:07", "end": "00:27:13", "text": "look at uh any of this uh you know"}, {"start": "00:27:11", "end": "00:27:16", "text": "bottom keep bottoming you know is this"}, {"start": "00:27:13", "end": "00:27:18", "text": "the bottom is this the bottom you know"}, {"start": "00:27:16", "end": "00:27:19", "text": "and and then even if you're lucky let's"}, {"start": "00:27:18", "end": "00:27:21", "text": "say okay let's say this is the bottom"}, {"start": "00:27:19", "end": "00:27:24", "text": "It's literally going to all low. But is"}, {"start": "00:27:21", "end": "00:27:25", "text": "this the bottom? Okay. You you you still"}, {"start": "00:27:24", "end": "00:27:27", "text": "got wrecked all the way here. It still"}, {"start": "00:27:25", "end": "00:27:29", "text": "went down 90%. So don't even try. Don't"}, {"start": "00:27:27", "end": "00:27:32", "text": "even try. Don't don't worry about the"}, {"start": "00:27:29", "end": "00:27:34", "text": "bottom. I I just based on question based"}, {"start": "00:27:32", "end": "00:27:35", "text": "on your question. I really know you you"}, {"start": "00:27:34", "end": "00:27:39", "text": "need the book like there's no tomorrow."}, {"start": "00:27:35", "end": "00:27:44", "text": "Find it below. You need to have the best"}, {"start": "00:27:39", "end": "00:27:47", "text": "riskreward when entering and you need to"}, {"start": "00:27:44", "end": "00:27:50", "text": "uh to compound cycle after cycle after"}, {"start": "00:27:47", "end": "00:27:52", "text": "cycle after cycle. That's the key."}, {"start": "00:27:50", "end": "00:27:54", "text": "Otherwise, if you round trip, which many"}, {"start": "00:27:52", "end": "00:27:56", "text": "people do, we discuss it in um in the"}, {"start": "00:27:54", "end": "00:27:57", "text": "traps."}, {"start": "00:27:56", "end": "00:27:59", "text": "M people roundtrip for many different"}, {"start": "00:27:57", "end": "00:28:01", "text": "reasons. Either the target number trap,"}, {"start": "00:27:59", "end": "00:28:02", "text": "they want the portfolio to hit a certain"}, {"start": "00:28:01", "end": "00:28:04", "text": "number and then portfolio doesn't hit"}, {"start": "00:28:02", "end": "00:28:07", "text": "exactly that number and collapses 80%"}, {"start": "00:28:04", "end": "00:28:11", "text": "before that or you want the the asset to"}, {"start": "00:28:07", "end": "00:28:13", "text": "hit a certain number or you know you you"}, {"start": "00:28:11", "end": "00:28:15", "text": "are gaslighted into diamond handing"}, {"start": "00:28:13", "end": "00:28:16", "text": "something that goes to zero or whatever."}, {"start": "00:28:15", "end": "00:28:18", "text": "I mean there are many different ways"}, {"start": "00:28:16", "end": "00:28:21", "text": "people roundtrip"}, {"start": "00:28:18", "end": "00:28:24", "text": "you start from zero and you know that"}, {"start": "00:28:21", "end": "00:28:26", "text": "compounding is the eighth is guys is it"}, {"start": "00:28:24", "end": "00:28:27", "text": "eth or ninth on wonder of the world let"}, {"start": "00:28:26", "end": "00:28:28", "text": "me know in the comment section which one"}, {"start": "00:28:27", "end": "00:28:32", "text": "is it it's the eighth or ninth but the"}, {"start": "00:28:28", "end": "00:28:36", "text": "thing is the the more you get on the"}, {"start": "00:28:32", "end": "00:28:38", "text": "x-axis the steeper is the compounding so"}, {"start": "00:28:36", "end": "00:28:41", "text": "you never want to go back in and it"}, {"start": "00:28:38", "end": "00:28:43", "text": "doesn't matter if you go you know you"}, {"start": "00:28:41", "end": "00:28:45", "text": "you capture the entire move or most you"}, {"start": "00:28:43", "end": "00:28:48", "text": "need to capture most of the because your"}, {"start": "00:28:45", "end": "00:28:50", "text": "goal is to just keep it keep it keep it"}, {"start": "00:28:48", "end": "00:28:52", "text": "keep it more to the right more to the"}, {"start": "00:28:50", "end": "00:28:54", "text": "right in this uh compounding curve."}, {"start": "00:28:52", "end": "00:28:58", "text": "Okay, that's the main thing. That's the"}, {"start": "00:28:54", "end": "00:29:01", "text": "main thing. And by the way, I'm thinking"}, {"start": "00:28:58", "end": "00:29:02", "text": "either to write another book this year"}, {"start": "00:29:01", "end": "00:29:03", "text": "or next year. Let's see. But like this"}, {"start": "00:29:02", "end": "00:29:06", "text": "thing about compos is very important"}, {"start": "00:29:03", "end": "00:29:08", "text": "because this book is all about how do"}, {"start": "00:29:06", "end": "00:29:10", "text": "you ensure that you have the monies."}, {"start": "00:29:08", "end": "00:29:13", "text": "Okay, this this book gives you the"}, {"start": "00:29:10", "end": "00:29:16", "text": "monies. Okay, big profit. Big profit."}, {"start": "00:29:13", "end": "00:29:19", "text": "But the next step is the big compound."}, {"start": "00:29:16", "end": "00:29:21", "text": "Okay, let's say you have some profit,"}, {"start": "00:29:19", "end": "00:29:23", "text": "you need the big fat compound. You need"}, {"start": "00:29:21", "end": "00:29:26", "text": "to be compounding because that's uh"}, {"start": "00:29:23", "end": "00:29:29", "text": "that's where the the profit uh"}, {"start": "00:29:26", "end": "00:29:31", "text": "performance matters less. Once you have"}, {"start": "00:29:29", "end": "00:29:33", "text": "the initial snowball, your job is to"}, {"start": "00:29:31", "end": "00:29:36", "text": "just snowball the crap out of it. And"}, {"start": "00:29:33", "end": "00:29:38", "text": "then whether you are like, you know,"}, {"start": "00:29:36", "end": "00:29:39", "text": "call icon 31% war buffet 20 like no,"}, {"start": "00:29:38", "end": "00:29:41", "text": "whether it's this or that does not"}, {"start": "00:29:39", "end": "00:29:43", "text": "matter. You just need to ensure your"}, {"start": "00:29:41", "end": "00:29:46", "text": "compound. And then it's all about time"}, {"start": "00:29:43", "end": "00:29:47", "text": "in the market. Uh this is what most"}, {"start": "00:29:46", "end": "00:29:49", "text": "people don't understand like just the"}, {"start": "00:29:47", "end": "00:29:54", "text": "stock market doubles approximately every"}, {"start": "00:29:49", "end": "00:29:55", "text": "10 years. Okay. So then it becomes all"}, {"start": "00:29:54", "end": "00:29:59", "text": "about for how long can you be in the"}, {"start": "00:29:55", "end": "00:30:03", "text": "markets? So uh Buffett just had way more"}, {"start": "00:29:59", "end": "00:30:04", "text": "time to compound. I can started later in"}, {"start": "00:30:03", "end": "00:30:06", "text": "his life and did not have the same time"}, {"start": "00:30:04", "end": "00:30:08", "text": "to compound his wealth. So this is where"}, {"start": "00:30:06", "end": "00:30:09", "text": "you know looking at risk. That's why I'm"}, {"start": "00:30:08", "end": "00:30:11", "text": "thinking maybe I should do another book"}, {"start": "00:30:09", "end": "00:30:12", "text": "about compounding because this book is"}, {"start": "00:30:11", "end": "00:30:15", "text": "fantastic for trading you you build your"}, {"start": "00:30:12", "end": "00:30:16", "text": "wealth. But then people don't know like"}, {"start": "00:30:15", "end": "00:30:17", "text": "most people don't know for example that"}, {"start": "00:30:16", "end": "00:30:19", "text": "just if you have yeah if you have your"}, {"start": "00:30:17", "end": "00:30:22", "text": "money in the stock market on average"}, {"start": "00:30:19", "end": "00:30:25", "text": "it's going to double every 10 years"}, {"start": "00:30:22", "end": "00:30:27", "text": "inflation adjusted."}, {"start": "00:30:25", "end": "00:30:28", "text": "Think about that just the stock market."}, {"start": "00:30:27", "end": "00:30:31", "text": "You don't have to do anything complex"}, {"start": "00:30:28", "end": "00:30:33", "text": "just the freaking stocks. Okay so that's"}, {"start": "00:30:31", "end": "00:30:34", "text": "your baseline."}, {"start": "00:30:33", "end": "00:30:36", "text": "Whatever you do with your capital, if"}, {"start": "00:30:34", "end": "00:30:37", "text": "you have any kind of serious capital"}, {"start": "00:30:36", "end": "00:30:39", "text": "that you've collected, whatever you do"}, {"start": "00:30:37", "end": "00:30:42", "text": "with your capital, you need to always"}, {"start": "00:30:39", "end": "00:30:45", "text": "have this in mind. You buy a shitcoin"}, {"start": "00:30:42", "end": "00:30:47", "text": "and you know five five years later it's"}, {"start": "00:30:45", "end": "00:30:49", "text": "down or what else is doing, you need to"}, {"start": "00:30:47", "end": "00:30:51", "text": "remember stock market doubles each and"}, {"start": "00:30:49", "end": "00:30:54", "text": "every 10 years inflation adjusted. So"}, {"start": "00:30:51", "end": "00:30:56", "text": "that's the baseline. Anything you do"}, {"start": "00:30:54", "end": "00:31:00", "text": "needs to be better both when it comes to"}, {"start": "00:30:56", "end": "00:31:01", "text": "returns and your psychology. If you are"}, {"start": "00:31:00", "end": "00:31:03", "text": "getting burned out because you have"}, {"start": "00:31:01", "end": "00:31:07", "text": "shitcoins that uh you know ruin your"}, {"start": "00:31:03", "end": "00:31:10", "text": "life by stress by being down for years"}, {"start": "00:31:07", "end": "00:31:14", "text": "you you know three years bare market"}, {"start": "00:31:10", "end": "00:31:16", "text": "what's the point? So that's why"}, {"start": "00:31:14", "end": "00:31:18", "text": "potentially we need another book the big"}, {"start": "00:31:16", "end": "00:31:22", "text": "compound. Let me know if you if you guys"}, {"start": "00:31:18", "end": "00:31:24", "text": "like that but that's uh uh looking at uh"}, {"start": "00:31:22", "end": "00:31:25", "text": "what we have here and looking at what's"}, {"start": "00:31:24", "end": "00:31:27", "text": "missing. I think that's missing. Maybe"}, {"start": "00:31:25", "end": "00:31:30", "text": "that's maybe we'll do a trilogy. Let's"}, {"start": "00:31:27", "end": "00:31:33", "text": "see guys. It could be a trilogy, but"}, {"start": "00:31:30", "end": "00:31:36", "text": "this one was already 300 pages around"}, {"start": "00:31:33", "end": "00:31:38", "text": "300 pages. So I I cannot have a I cannot"}, {"start": "00:31:36", "end": "00:31:41", "text": "be, you know, Leo Toltoy, you know, war,"}, {"start": "00:31:38", "end": "00:31:43", "text": "peace, war, peace and war, war and peace"}, {"start": "00:31:41", "end": "00:31:46", "text": "900. I cannot be like I cannot have like"}, {"start": "00:31:43", "end": "00:31:48", "text": "a 900page book. I wanted this one to be"}, {"start": "00:31:46", "end": "00:31:50", "text": "around 300. It's very nice. Someone"}, {"start": "00:31:48", "end": "00:31:52", "text": "asked me on Twitter, by the way, if it's"}, {"start": "00:31:50", "end": "00:31:55", "text": "easy to read because he's he's not a big"}, {"start": "00:31:52", "end": "00:31:58", "text": "reader, he said. I said it's very easy"}, {"start": "00:31:55", "end": "00:32:00", "text": "to read. You're gonna love to read this"}, {"start": "00:31:58", "end": "00:32:02", "text": "book. It is for people who don't read a"}, {"start": "00:32:00", "end": "00:32:08", "text": "lot. It's actually I mean because I'm"}, {"start": "00:32:02", "end": "00:32:11", "text": "the same. I'm the same. I'm the same. Um"}, {"start": "00:32:08", "end": "00:32:13", "text": "so yeah, look here."}, {"start": "00:32:11", "end": "00:32:15", "text": "The guy said I don't read books. You"}, {"start": "00:32:13", "end": "00:32:18", "text": "should do an audio book. I said it's a"}, {"start": "00:32:15", "end": "00:32:20", "text": "book for non reading bros. Big text,"}, {"start": "00:32:18", "end": "00:32:24", "text": "pictures, easy language. Exactly."}, {"start": "00:32:20", "end": "00:32:24", "text": "Exactly. So yeah, there you go."}, {"start": "00:32:25", "end": "00:32:28", "text": "And by the way, if the book arrives to"}, {"start": "00:32:26", "end": "00:32:31", "text": "you,"}, {"start": "00:32:28", "end": "00:32:33", "text": "tweet it at me. Take a picture, take a"}, {"start": "00:32:31", "end": "00:32:35", "text": "selfie, tweet it at me. I will retweet."}, {"start": "00:32:33", "end": "00:32:39", "text": "We're going to have some engagement"}, {"start": "00:32:35", "end": "00:32:39", "text": "going. Very, very nice."}, {"start": "00:32:43", "end": "00:32:48", "text": "Okay, more questions. More questions."}, {"start": "00:32:50", "end": "00:32:54", "text": "Ivan, any advice on capital gains tax?"}, {"start": "00:32:52", "end": "00:32:56", "text": "Is there anything you do to minimize it?"}, {"start": "00:32:54", "end": "00:32:59", "text": "Uh"}, {"start": "00:32:56", "end": "00:33:01", "text": "yeah. Yes. You have to move to a place"}, {"start": "00:32:59", "end": "00:33:03", "text": "where there is none. That's it. That's"}, {"start": "00:33:01", "end": "00:33:05", "text": "how you minimize it. I don't guys I"}, {"start": "00:33:03", "end": "00:33:07", "text": "don't like any like tax hack. I don't"}, {"start": "00:33:05", "end": "00:33:09", "text": "like tax hack. I think it's a waste of"}, {"start": "00:33:07", "end": "00:33:11", "text": "time. You move where it's zero close to"}, {"start": "00:33:09", "end": "00:33:14", "text": "zero and you don't worry about it."}, {"start": "00:33:11", "end": "00:33:17", "text": "That's it. That's it. Uh I mean honestly"}, {"start": "00:33:14", "end": "00:33:20", "text": "that's it. That's it. I mean I I just"}, {"start": "00:33:17", "end": "00:33:21", "text": "look at guys in our community sometimes"}, {"start": "00:33:20", "end": "00:33:23", "text": "people ask about this tax question. Like"}, {"start": "00:33:21", "end": "00:33:26", "text": "I I feel bad inside like you know people"}, {"start": "00:33:23", "end": "00:33:28", "text": "they they spend so much time like oh"}, {"start": "00:33:26", "end": "00:33:32", "text": "what's happen what's going to happen"}, {"start": "00:33:28", "end": "00:33:34", "text": "export CSV export export"}, {"start": "00:33:32", "end": "00:33:35", "text": "you should in that time you should have"}, {"start": "00:33:34", "end": "00:33:36", "text": "read the book you could have read so"}, {"start": "00:33:35", "end": "00:33:38", "text": "many books man you could have big"}, {"start": "00:33:36", "end": "00:33:39", "text": "profits you could read big compound"}, {"start": "00:33:38", "end": "00:33:43", "text": "which doesn't exist yet but maybe that's"}, {"start": "00:33:39", "end": "00:33:47", "text": "the next book you know it's"}, {"start": "00:33:43", "end": "00:33:51", "text": "yeah the the the fix is to move where it"}, {"start": "00:33:47", "end": "00:33:54", "text": "is no such thing in the"}, {"start": "00:33:51", "end": "00:33:56", "text": "their main place in the world. Uh if you"}, {"start": "00:33:54", "end": "00:33:58", "text": "I mean there's always you know this tax"}, {"start": "00:33:56", "end": "00:34:00", "text": "loss harvesting but I just see like no"}, {"start": "00:33:58", "end": "00:34:02", "text": "plebas moving around their their uh"}, {"start": "00:34:00", "end": "00:34:04", "text": "their pennies. Okay. Tax. Okay. Tax."}, {"start": "00:34:02", "end": "00:34:05", "text": "Okay. Congrats. Your tax loss. How you"}, {"start": "00:34:04", "end": "00:34:07", "text": "still pay a lot, man. You still pay a"}, {"start": "00:34:05", "end": "00:34:09", "text": "lot. Oh, no. I have deduction. You have"}, {"start": "00:34:07", "end": "00:34:12", "text": "the I have a receipt for deduction. What"}, {"start": "00:34:09", "end": "00:34:15", "text": "is"}, {"start": "00:34:12", "end": "00:34:20", "text": "I I like I guess it's"}, {"start": "00:34:15", "end": "00:34:20", "text": "Yeah, it's I I don't like it."}, {"start": "00:34:20", "end": "00:34:24", "text": "Didn't like it. You should move where"}, {"start": "00:34:21", "end": "00:34:25", "text": "it's zero or close to zero. Now, some"}, {"start": "00:34:24", "end": "00:34:29", "text": "people cannot move. Then I understand."}, {"start": "00:34:25", "end": "00:34:30", "text": "Then you need to have deduction capital"}, {"start": "00:34:29", "end": "00:34:31", "text": "get I mean you need to ask your"}, {"start": "00:34:30", "end": "00:34:34", "text": "accountant man what what's possible"}, {"start": "00:34:31", "end": "00:34:36", "text": "there I'm not accountant"}, {"start": "00:34:34", "end": "00:34:39", "text": "and I've been in you know I lived maybe"}, {"start": "00:34:36", "end": "00:34:44", "text": "in the worst possible country for for"}, {"start": "00:34:39", "end": "00:34:44", "text": "that I lived in Sweden so I I just saw"}, {"start": "00:34:45", "end": "00:34:48", "text": "it's too much"}, {"start": "00:34:50", "end": "00:34:54", "text": "we got to be flexible"}, {"start": "00:34:52", "end": "00:34:56", "text": "saying laws can change exactly exactly"}, {"start": "00:34:54", "end": "00:34:58", "text": "so True. True. It can change at any"}, {"start": "00:34:56", "end": "00:35:00", "text": "time."}, {"start": "00:34:58", "end": "00:35:02", "text": "So you got to be in a country where is"}, {"start": "00:35:00", "end": "00:35:05", "text": "zero close to zero or and also where the"}, {"start": "00:35:02", "end": "00:35:07", "text": "humans, the brains are no socialistic."}, {"start": "00:35:05", "end": "00:35:08", "text": "We're not a politic channel, but some"}, {"start": "00:35:07", "end": "00:35:11", "text": "people told me, \"Hey, I haven't come to"}, {"start": "00:35:08", "end": "00:35:14", "text": "Portugal before. I came to Portugal."}, {"start": "00:35:11", "end": "00:35:15", "text": "Man, I don't like Portugal. I mean, I"}, {"start": "00:35:14", "end": "00:35:17", "text": "love the nature. I mean, I love the the"}, {"start": "00:35:15", "end": "00:35:19", "text": "thing. I love the thing, but what I"}, {"start": "00:35:17", "end": "00:35:20", "text": "don't like what it it didn't for"}, {"start": "00:35:19", "end": "00:35:22", "text": "vacation is great, man. For vacation is"}, {"start": "00:35:20", "end": "00:35:24", "text": "great.\" But then I just I got"}, {"start": "00:35:22", "end": "00:35:25", "text": "interested. What are people thinking"}, {"start": "00:35:24", "end": "00:35:27", "text": "here? was the where is the"}, {"start": "00:35:25", "end": "00:35:28", "text": "entrepreneurial mindset entrepreneurs"}, {"start": "00:35:27", "end": "00:35:29", "text": "where are they where where is"}, {"start": "00:35:28", "end": "00:35:33", "text": "entrepreneurs"}, {"start": "00:35:29", "end": "00:35:35", "text": "um and there was a lot of socialism a"}, {"start": "00:35:33", "end": "00:35:36", "text": "lot of socialism"}, {"start": "00:35:35", "end": "00:35:38", "text": "just you know I got the uh picture that"}, {"start": "00:35:36", "end": "00:35:42", "text": "it's mainly socialistic and yes they try"}, {"start": "00:35:38", "end": "00:35:45", "text": "to attract a bit of nomad you nomad"}, {"start": "00:35:42", "end": "00:35:49", "text": "you know but uh still now they changed"}, {"start": "00:35:45", "end": "00:35:50", "text": "so you cannot get uh the uh was it NHR"}, {"start": "00:35:49", "end": "00:35:53", "text": "regime like they remove they removed all"}, {"start": "00:35:50", "end": "00:35:56", "text": "of the good stuff because at the core it"}, {"start": "00:35:53", "end": "00:35:59", "text": "was always socialist. So you need to"}, {"start": "00:35:56", "end": "00:36:01", "text": "ensure that wherever you are ideally at"}, {"start": "00:35:59", "end": "00:36:03", "text": "the core it's not socialist. That's very"}, {"start": "00:36:01", "end": "00:36:06", "text": "important. At the core it should be"}, {"start": "00:36:03", "end": "00:36:07", "text": "capitalist. That's important. Okay."}, {"start": "00:36:06", "end": "00:36:09", "text": "That's that's very important at the"}, {"start": "00:36:07", "end": "00:36:11", "text": "core. Sometimes I mean sometimes they"}, {"start": "00:36:09", "end": "00:36:16", "text": "they pretend Portugal I think they"}, {"start": "00:36:11", "end": "00:36:17", "text": "pretended to be uh yeah to to be low tax"}, {"start": "00:36:16", "end": "00:36:19", "text": "and they were low tax for you know some"}, {"start": "00:36:17", "end": "00:36:22", "text": "years. Now it's all gone. They removed"}, {"start": "00:36:19", "end": "00:36:24", "text": "it. They removed it."}, {"start": "00:36:22", "end": "00:36:25", "text": "That's very important. So many people"}, {"start": "00:36:24", "end": "00:36:27", "text": "have now big issue. They bought real"}, {"start": "00:36:25", "end": "00:36:29", "text": "estate in Portugal. They started to"}, {"start": "00:36:27", "end": "00:36:32", "text": "learn the language. What happened? Uh"}, {"start": "00:36:29", "end": "00:36:33", "text": "tax incentives gone. Number two,"}, {"start": "00:36:32", "end": "00:36:36", "text": "citizenship. Many people move for"}, {"start": "00:36:33", "end": "00:36:37", "text": "citizenship. Now gone. They changed the"}, {"start": "00:36:36", "end": "00:36:40", "text": "rules. You have to be there like for 20"}, {"start": "00:36:37", "end": "00:36:43", "text": "years. Everything is like redone. So"}, {"start": "00:36:40", "end": "00:36:46", "text": "yes, yes, yes. You need to be you need"}, {"start": "00:36:43", "end": "00:36:48", "text": "to be Yeah. Uh thinking about that. But"}, {"start": "00:36:46", "end": "00:36:49", "text": "anyway, it's a it's a political topic."}, {"start": "00:36:48", "end": "00:36:50", "text": "We don't I don't want to get too"}, {"start": "00:36:49", "end": "00:36:52", "text": "political but that's how I would be"}, {"start": "00:36:50", "end": "00:36:53", "text": "doing you know you asked me but you also"}, {"start": "00:36:52", "end": "00:36:55", "text": "asked me I did not ask the question you"}, {"start": "00:36:53", "end": "00:36:58", "text": "asked me the question you you wanted to"}, {"start": "00:36:55", "end": "00:37:01", "text": "to go into this so you asked me I I I"}, {"start": "00:36:58", "end": "00:37:03", "text": "told you the answer the answer is you"}, {"start": "00:37:01", "end": "00:37:06", "text": "gota pack your bag and find some place"}, {"start": "00:37:03", "end": "00:37:06", "text": "yeah"}, {"start": "00:37:07", "end": "00:37:11", "text": "uh but listen I know it's not not for"}, {"start": "00:37:09", "end": "00:37:12", "text": "everyone some people just want to to be"}, {"start": "00:37:11", "end": "00:37:13", "text": "where they are I mean I understand but"}, {"start": "00:37:12", "end": "00:37:15", "text": "but then you need to check the"}, {"start": "00:37:13", "end": "00:37:17", "text": "accountant you it's all different which"}, {"start": "00:37:15", "end": "00:37:19", "text": "deduction which receipt you need to"}, {"start": "00:37:17", "end": "00:37:22", "text": "collect receipts it. So yeah, uh does"}, {"start": "00:37:19", "end": "00:37:22", "text": "that"}, {"start": "00:37:23", "end": "00:37:26", "text": "uh"}, {"start": "00:37:28", "end": "00:37:32", "text": "Sadoshi I wrote I wrote off 40k last"}, {"start": "00:37:31", "end": "00:37:34", "text": "year. That's good. That's good. That's"}, {"start": "00:37:32", "end": "00:37:35", "text": "good. That's good. But see, this is why"}, {"start": "00:37:34", "end": "00:37:38", "text": "I don't like write off, guys. This is"}, {"start": "00:37:35", "end": "00:37:40", "text": "why I don't like write off. Well, I"}, {"start": "00:37:38", "end": "00:37:42", "text": "mean, you need to do it if you if you if"}, {"start": "00:37:40", "end": "00:37:44", "text": "you if you need. But it can be"}, {"start": "00:37:42", "end": "00:37:46", "text": "questioned. You know, the taxmen don't"}, {"start": "00:37:44", "end": "00:37:49", "text": "like write off. They see your write off,"}, {"start": "00:37:46", "end": "00:37:51", "text": "they're like, \"Man, prove it. Prove it.\""}, {"start": "00:37:49", "end": "00:37:54", "text": "You see, write off is like, you know,"}, {"start": "00:37:51", "end": "00:37:55", "text": "you claiming something that you may get"}, {"start": "00:37:54", "end": "00:37:56", "text": "challenged on. I don't like that. I I I"}, {"start": "00:37:55", "end": "00:37:58", "text": "don't want to be challenged. I don't"}, {"start": "00:37:56", "end": "00:37:59", "text": "want to be challenged. I don't want to I"}, {"start": "00:37:58", "end": "00:38:01", "text": "don't want to have any issue. I don't"}, {"start": "00:37:59", "end": "00:38:02", "text": "want to be challenged. Okay, write off."}, {"start": "00:38:01", "end": "00:38:04", "text": "Okay, where's the receipt? Okay, give me"}, {"start": "00:38:02", "end": "00:38:05", "text": "everything."}, {"start": "00:38:04", "end": "00:38:08", "text": "Okay, how much can you write off? Can"}, {"start": "00:38:05", "end": "00:38:10", "text": "you write off the whole amount? In many"}, {"start": "00:38:08", "end": "00:38:12", "text": "countries, you cannot write out write"}, {"start": "00:38:10", "end": "00:38:13", "text": "off full loss. You can write off 70% of"}, {"start": "00:38:12", "end": "00:38:15", "text": "the loss. So even if you're break even,"}, {"start": "00:38:13", "end": "00:38:17", "text": "you have a lot of trading, bum bum bum,"}, {"start": "00:38:15", "end": "00:38:19", "text": "you're still at a loss. You're because"}, {"start": "00:38:17", "end": "00:38:21", "text": "the tag, you need to pay tax. You cannot"}, {"start": "00:38:19", "end": "00:38:24", "text": "write off all of the losses. So that's"}, {"start": "00:38:21", "end": "00:38:26", "text": "why that's why normally I I'm not a big"}, {"start": "00:38:24", "end": "00:38:28", "text": "fan. I mean, ideally, I'm not a big fan"}, {"start": "00:38:26", "end": "00:38:30", "text": "of write off because you you're claiming"}, {"start": "00:38:28", "end": "00:38:31", "text": "something that you may get challenged"}, {"start": "00:38:30", "end": "00:38:33", "text": "and I don't like that. I don't like I"}, {"start": "00:38:31", "end": "00:38:35", "text": "don't want to be I mean, obviously you"}, {"start": "00:38:33", "end": "00:38:36", "text": "need to do it to decrease your tax, but"}, {"start": "00:38:35", "end": "00:38:38", "text": "that that's problem with writeoff"}, {"start": "00:38:36", "end": "00:38:42", "text": "overall."}, {"start": "00:38:38", "end": "00:38:44", "text": "Ideally, I want no right off and low."}, {"start": "00:38:42", "end": "00:38:46", "text": "So, yeah. Anyway, to each their own."}, {"start": "00:38:44", "end": "00:38:49", "text": "Let's move on."}, {"start": "00:38:46", "end": "00:38:49", "text": "Um,"}, {"start": "00:38:56", "end": "00:39:02", "text": "who is Satoshi? Maybe Adam Bach. Maybe"}, {"start": "00:39:00", "end": "00:39:04", "text": "not. I mean, Adam Bach is saying I'm not"}, {"start": "00:39:02", "end": "00:39:06", "text": "Satoshi, but maybe I'm Satoshi. Adam"}, {"start": "00:39:04", "end": "00:39:08", "text": "Bach is saying I'm not Satoshi. Ah, by"}, {"start": "00:39:06", "end": "00:39:10", "text": "the way, I kind of wrote something like"}, {"start": "00:39:08", "end": "00:39:13", "text": "Bitcoin."}, {"start": "00:39:10", "end": "00:39:17", "text": "I'm not Satoshi, but but but I was"}, {"start": "00:39:13", "end": "00:39:19", "text": "involved early on, you know. I love it."}, {"start": "00:39:17", "end": "00:39:21", "text": "I don't know. Guess who is Satoshi?"}, {"start": "00:39:19", "end": "00:39:22", "text": "But Adam back is like teasing. He's"}, {"start": "00:39:21", "end": "00:39:24", "text": "teasing. He's said, \"No, no, I'm"}, {"start": "00:39:22", "end": "00:39:27", "text": "definitely, but I was involved. I wrote"}, {"start": "00:39:24", "end": "00:39:28", "text": "hash by the way. I wrote this. I wrote"}, {"start": "00:39:27", "end": "00:39:31", "text": "it was kind of like Bitcoin. So yes,"}, {"start": "00:39:28", "end": "00:39:33", "text": "it's I understand why you think I kind"}, {"start": "00:39:31", "end": "00:39:35", "text": "of was there kind of like you know in"}, {"start": "00:39:33", "end": "00:39:37", "text": "the same day the same thing I was"}, {"start": "00:39:35", "end": "00:39:40", "text": "writing but I'm not Satosh but kind of"}, {"start": "00:39:37", "end": "00:39:43", "text": "love it maybe whole thing I don't know"}, {"start": "00:39:40", "end": "00:39:43", "text": "man I don't know"}, {"start": "00:39:45", "end": "00:39:49", "text": "how is the new Daytona yeah it's very"}, {"start": "00:39:47", "end": "00:39:50", "text": "nice guys it's very nice I I will do"}, {"start": "00:39:49", "end": "00:39:53", "text": "this one I will for sure do a video on"}, {"start": "00:39:50", "end": "00:39:56", "text": "because this one is very rare it's very"}, {"start": "00:39:53", "end": "00:39:57", "text": "new model also it's very rare so I I"}, {"start": "00:39:56", "end": "00:39:59", "text": "will do I mean I love it I love it from"}, {"start": "00:39:57", "end": "00:40:02", "text": "the beginning I I was unsure like will I"}, {"start": "00:39:59", "end": "00:40:03", "text": "like it's fantastic. It fits with uh"}, {"start": "00:40:02", "end": "00:40:05", "text": "most clothing. I mean just looking at"}, {"start": "00:40:03", "end": "00:40:08", "text": "the screen now I love it. I love it."}, {"start": "00:40:05", "end": "00:40:09", "text": "This Daytona it's amazing. It's amazing."}, {"start": "00:40:08", "end": "00:40:11", "text": "It's uh let's see guys. It's it's it's"}, {"start": "00:40:09", "end": "00:40:14", "text": "my celebration of the cycle. How we"}, {"start": "00:40:11", "end": "00:40:16", "text": "handle the cycle. Let me see if I can"}, {"start": "00:40:14", "end": "00:40:20", "text": "show you a bit closer how we handle the"}, {"start": "00:40:16", "end": "00:40:21", "text": "cycle. Uh if we would mess up the cycle,"}, {"start": "00:40:20", "end": "00:40:23", "text": "I you know I would lose so much like"}, {"start": "00:40:21", "end": "00:40:25", "text": "this. This would uh like this purchase"}, {"start": "00:40:23", "end": "00:40:26", "text": "wouldn't even matter. So we nailed the"}, {"start": "00:40:25", "end": "00:40:29", "text": "cycle. Let me see if you can see it."}, {"start": "00:40:26", "end": "00:40:31", "text": "Boop. in a nice way. Let's see. There."}, {"start": "00:40:29", "end": "00:40:34", "text": "There. Maybe like this. There you go."}, {"start": "00:40:31", "end": "00:40:36", "text": "There. Ah, it's very nice. Holy crap."}, {"start": "00:40:34", "end": "00:40:39", "text": "It's nice. Yeah. I mean, I'm becoming a"}, {"start": "00:40:36", "end": "00:40:40", "text": "bit of a watch uh how do you say aado?"}, {"start": "00:40:39", "end": "00:40:42", "text": "Pistachionado. What's it called, guys?"}, {"start": "00:40:40", "end": "00:40:47", "text": "Aicionado."}, {"start": "00:40:42", "end": "00:40:49", "text": "Uh yeah. And the thing is you you I mean"}, {"start": "00:40:47", "end": "00:40:51", "text": "it's a it's like symbolic things. It's"}, {"start": "00:40:49", "end": "00:40:53", "text": "symbolic things. Do you need symbolic"}, {"start": "00:40:51", "end": "00:40:54", "text": "things? You don't need it. Like you you"}, {"start": "00:40:53", "end": "00:40:56", "text": "still you cannot survive without them."}, {"start": "00:40:54", "end": "00:40:57", "text": "But for me, it's just, you know, because"}, {"start": "00:40:56", "end": "00:41:00", "text": "I've been ragged before. You you can"}, {"start": "00:40:57", "end": "00:41:02", "text": "read in my book with uh big wreckage"}, {"start": "00:41:00", "end": "00:41:05", "text": "before. I just know like how much it"}, {"start": "00:41:02", "end": "00:41:07", "text": "means to freaking nail the cycle. And"}, {"start": "00:41:05", "end": "00:41:11", "text": "we've done that. So, it was nice to"}, {"start": "00:41:07", "end": "00:41:16", "text": "celebrate. But it's it's nice, man. My"}, {"start": "00:41:11", "end": "00:41:16", "text": "what is called when you are offic"}, {"start": "00:41:16", "end": "00:41:20", "text": "What is called? I I I even have the"}, {"start": "00:41:18", "end": "00:41:21", "text": "literature now. I I'm you know, I'm so"}, {"start": "00:41:20", "end": "00:41:23", "text": "much into watches. I have the"}, {"start": "00:41:21", "end": "00:41:26", "text": "literature. I bought the literature just"}, {"start": "00:41:23", "end": "00:41:28", "text": "to I mean it is it is addictive. I can"}, {"start": "00:41:26", "end": "00:41:30", "text": "say it is addictive. People like but"}, {"start": "00:41:28", "end": "00:41:32", "text": "Ivan you didn't like watch back when you"}, {"start": "00:41:30", "end": "00:41:35", "text": "were like 12. When I found when I"}, {"start": "00:41:32", "end": "00:41:37", "text": "watched the channel in 2017 or 20 yeah"}, {"start": "00:41:35", "end": "00:41:39", "text": "2018 you did not like watch. Yes. Yes I"}, {"start": "00:41:37", "end": "00:41:42", "text": "did. I I because guys I was like 12"}, {"start": "00:41:39", "end": "00:41:44", "text": "years old back then. I was 12 and I also"}, {"start": "00:41:42", "end": "00:41:46", "text": "write that in the in the book. I didn't"}, {"start": "00:41:44", "end": "00:41:48", "text": "also understand the importance of uh"}, {"start": "00:41:46", "end": "00:41:49", "text": "enjoy but also you know when you're"}, {"start": "00:41:48", "end": "00:41:51", "text": "young you you don't you don't understand"}, {"start": "00:41:49", "end": "00:41:53", "text": "that life is kind of finite. Okay. And"}, {"start": "00:41:51", "end": "00:41:54", "text": "not to be a bit depressing but you know"}, {"start": "00:41:53", "end": "00:41:56", "text": "at that stage also you know you make"}, {"start": "00:41:54", "end": "00:41:58", "text": "money but why you make them why you know"}, {"start": "00:41:56", "end": "00:42:01", "text": "why you make them but I also wrote here"}, {"start": "00:41:58", "end": "00:42:06", "text": "in my in my book big profits link below"}, {"start": "00:42:01", "end": "00:42:08", "text": "uh let's see what did I write one second"}, {"start": "00:42:06", "end": "00:42:10", "text": "something very important because I was"}, {"start": "00:42:08", "end": "00:42:12", "text": "the best at just reinvesting everything"}, {"start": "00:42:10", "end": "00:42:14", "text": "and then the market went down so much"}, {"start": "00:42:12", "end": "00:42:16", "text": "man I could have I could have like"}, {"start": "00:42:14", "end": "00:42:19", "text": "opened my own watch factory with this"}, {"start": "00:42:16", "end": "00:42:23", "text": "kind of it was like it dropped so much"}, {"start": "00:42:19", "end": "00:42:28", "text": "so fast I'm like Ah, it's what is this?"}, {"start": "00:42:23", "end": "00:42:28", "text": "Um, where is this thing I wrote? Uh,"}, {"start": "00:42:30", "end": "00:42:34", "text": "here, here, here, here. During the bull"}, {"start": "00:42:32", "end": "00:42:36", "text": "market, this this one I got super"}, {"start": "00:42:34", "end": "00:42:38", "text": "wrecked. During the bull market, I"}, {"start": "00:42:36", "end": "00:42:40", "text": "watched other traders around me starting"}, {"start": "00:42:38", "end": "00:42:42", "text": "to spend. They were buying Rolex watch,"}, {"start": "00:42:40", "end": "00:42:43", "text": "Pate, Philip, Time Piece for tens of"}, {"start": "00:42:42", "end": "00:42:45", "text": "thousands, sometimes hundreds of"}, {"start": "00:42:43", "end": "00:42:47", "text": "thousands. Not me. I never spent"}, {"start": "00:42:45", "end": "00:42:48", "text": "anything. Every profit went right back"}, {"start": "00:42:47", "end": "00:42:51", "text": "into the portfolio. Invest, invest,"}, {"start": "00:42:48", "end": "00:42:53", "text": "invest. Add add reinvest reinvesting"}, {"start": "00:42:51", "end": "00:42:55", "text": "reinvest in I watched that number climb"}, {"start": "00:42:53", "end": "00:42:57", "text": "and thought why would I take money out"}, {"start": "00:42:55", "end": "00:42:59", "text": "now it's just going to keep growing I'll"}, {"start": "00:42:57", "end": "00:43:01", "text": "spend later when I have more I could"}, {"start": "00:42:59", "end": "00:43:03", "text": "have bought my mother house yada yada"}, {"start": "00:43:01", "end": "00:43:05", "text": "yada then what happened bare market"}, {"start": "00:43:03", "end": "00:43:07", "text": "started it dropped like so fast in a"}, {"start": "00:43:05", "end": "00:43:09", "text": "month man it was like I could have"}, {"start": "00:43:07", "end": "00:43:11", "text": "bought like a freaking block of houses I"}, {"start": "00:43:09", "end": "00:43:14", "text": "could have bought like a factor of you"}, {"start": "00:43:11", "end": "00:43:15", "text": "understanding so since then I'm like man"}, {"start": "00:43:14", "end": "00:43:17", "text": "you got to enjoy you got to enjoy and"}, {"start": "00:43:15", "end": "00:43:20", "text": "also you know a a bull and bear cycle"}, {"start": "00:43:17", "end": "00:43:24", "text": "it's like you know four or five years."}, {"start": "00:43:20", "end": "00:43:27", "text": "Uh yeah, I mean uh you know when you"}, {"start": "00:43:24", "end": "00:43:30", "text": "when you go from early 20s to early 30s,"}, {"start": "00:43:27", "end": "00:43:31", "text": "you understand, man. I mean I you you do"}, {"start": "00:43:30", "end": "00:43:33", "text": "become a bit older. I mean people"}, {"start": "00:43:31", "end": "00:43:34", "text": "sometimes tell me Ivan, you look older."}, {"start": "00:43:33", "end": "00:43:37", "text": "Yeah, is it been 10 years since you"}, {"start": "00:43:34", "end": "00:43:39", "text": "found the channel. So you you you get"}, {"start": "00:43:37", "end": "00:43:43", "text": "more perspective, man. You kind of"}, {"start": "00:43:39", "end": "00:43:45", "text": "finite uh uh we have finite time here."}, {"start": "00:43:43", "end": "00:43:48", "text": "So just reinvest, reinvest, reinvest and"}, {"start": "00:43:45", "end": "00:43:52", "text": "then you know the thing goes down 20 you"}, {"start": "00:43:48", "end": "00:43:53", "text": "know in in 20 days can go down 80 80%."}, {"start": "00:43:52", "end": "00:43:56", "text": "So yeah that's it that's a so I'll"}, {"start": "00:43:53", "end": "00:43:58", "text": "definitely do do a video on that uh"}, {"start": "00:43:56", "end": "00:44:02", "text": "because it's yeah"}, {"start": "00:43:58", "end": "00:44:06", "text": "it's uh uh it actually means a lot"}, {"start": "00:44:02", "end": "00:44:06", "text": "because uh there we go."}, {"start": "00:44:09", "end": "00:44:13", "text": "Still looking better not older to keep"}, {"start": "00:44:12", "end": "00:44:14", "text": "Yeah, that's true. That's true. That's"}, {"start": "00:44:13", "end": "00:44:18", "text": "true. I mean, it's you can say that"}, {"start": "00:44:14", "end": "00:44:21", "text": "also. Thank you very much, Ivan. On age"}, {"start": "00:44:18", "end": "00:44:23", "text": "and longevity. Yes, you you got to you"}, {"start": "00:44:21", "end": "00:44:26", "text": "got to keep up the bicep pump. No, no"}, {"start": "00:44:23", "end": "00:44:29", "text": "matter the the situation."}, {"start": "00:44:26", "end": "00:44:33", "text": "Clue for anyone wanting to track down"}, {"start": "00:44:29", "end": "00:44:36", "text": "Satoshi or one of the team check records"}, {"start": "00:44:33", "end": "00:44:39", "text": "or males migrate to Australia in 2010."}, {"start": "00:44:36", "end": "00:44:40", "text": "Okay. Why? Why? I listen guys, I'm not"}, {"start": "00:44:39", "end": "00:44:42", "text": "too much into this like investigation of"}, {"start": "00:44:40", "end": "00:44:46", "text": "who Satoshi is. doesn't really help me"}, {"start": "00:44:42", "end": "00:44:48", "text": "on my uh with my cycles and uh with my"}, {"start": "00:44:46", "end": "00:44:52", "text": "uh charts. It doesn't really help me."}, {"start": "00:44:48", "end": "00:44:53", "text": "But uh yeah, it's interesting. Maybe"}, {"start": "00:44:52", "end": "00:44:56", "text": "it's Adam back. Maybe it's some"}, {"start": "00:44:53", "end": "00:44:58", "text": "Australian guy. I don't know."}, {"start": "00:44:56", "end": "00:45:00", "text": "Adam Bach writes different code than"}, {"start": "00:44:58", "end": "00:45:04", "text": "Satoshi. Not the same. Exactly. So this"}, {"start": "00:45:00", "end": "00:45:06", "text": "is what uh uh what what I read also that"}, {"start": "00:45:04", "end": "00:45:09", "text": "Satoshi was writing like Windows. He was"}, {"start": "00:45:06", "end": "00:45:11", "text": "writing C++ but he was a Windows native"}, {"start": "00:45:09", "end": "00:45:13", "text": "developer. meaning that the first"}, {"start": "00:45:11", "end": "00:45:15", "text": "version of Bitcoin was using Windows"}, {"start": "00:45:13", "end": "00:45:18", "text": "native libraries to do the UI. It was"}, {"start": "00:45:15", "end": "00:45:21", "text": "basically a Windows native app. Okay, it"}, {"start": "00:45:18", "end": "00:45:23", "text": "was super super Windows native. And Adam"}, {"start": "00:45:21", "end": "00:45:26", "text": "back when he wrote Hashe kind of the"}, {"start": "00:45:23", "end": "00:45:30", "text": "same day as Satoshi did the Bitcoin, he"}, {"start": "00:45:26", "end": "00:45:32", "text": "was Unix. He was a Unix Linux"}, {"start": "00:45:30", "end": "00:45:34", "text": "Based"}, {"start": "00:45:32", "end": "00:45:36", "text": "developer, meaning that whatever he"}, {"start": "00:45:34", "end": "00:45:38", "text": "wrote was uh was more that style. It was"}, {"start": "00:45:36", "end": "00:45:41", "text": "not Windows native. So I heard that"}, {"start": "00:45:38", "end": "00:45:44", "text": "also. Absolutely."}, {"start": "00:45:41", "end": "00:45:47", "text": "Uh probably some truth to that. Uh and"}, {"start": "00:45:44", "end": "00:45:48", "text": "I'm just thinking"}, {"start": "00:45:47", "end": "00:45:50", "text": "yeah I don't know man if I would be Adam"}, {"start": "00:45:48", "end": "00:45:53", "text": "back maybe I would learn a bit of"}, {"start": "00:45:50", "end": "00:45:57", "text": "Windows uh development as well but you"}, {"start": "00:45:53", "end": "00:46:01", "text": "cannot you cannot re like rewire your"}, {"start": "00:45:57", "end": "00:46:05", "text": "coding style. You can I mean so that's a"}, {"start": "00:46:01", "end": "00:46:08", "text": "good argument. That's a good argument."}, {"start": "00:46:05", "end": "00:46:11", "text": "I have good feeling whoever Satoshi was,"}, {"start": "00:46:08", "end": "00:46:12", "text": "he has passed away by now. Uh yeah, then"}, {"start": "00:46:11", "end": "00:46:15", "text": "it's a whole thingy. It could be whole"}, {"start": "00:46:12", "end": "00:46:15", "text": "thingy."}, {"start": "00:46:18", "end": "00:46:21", "text": "Yesterday flash today make a reversal."}, {"start": "00:46:20", "end": "00:46:22", "text": "Yeah, I mean you should watch the"}, {"start": "00:46:21", "end": "00:46:24", "text": "videos, man. You should watch the"}, {"start": "00:46:22", "end": "00:46:26", "text": "videos."}, {"start": "00:46:24", "end": "00:46:28", "text": "Rewatch the video. What we just said"}, {"start": "00:46:26", "end": "00:46:31", "text": "here? Clue for anyone. Oh, yeah. This"}, {"start": "00:46:28", "end": "00:46:31", "text": "one we red"}, {"start": "00:46:33", "end": "00:46:37", "text": "Ivan on"}, {"start": "00:46:35", "end": "00:46:40", "text": "pumping maybe say you called the high."}, {"start": "00:46:37", "end": "00:46:43", "text": "So RH no Richard did not hold call any"}, {"start": "00:46:40", "end": "00:46:46", "text": "high. He blasted the top and I mean"}, {"start": "00:46:43", "end": "00:46:48", "text": "maybe he's I he blasted the top with all"}, {"start": "00:46:46", "end": "00:46:52", "text": "of his sacrifice funds and he's not call"}, {"start": "00:46:48", "end": "00:46:54", "text": "any high. He's not call any high. He's"}, {"start": "00:46:52", "end": "00:46:56", "text": "down only."}, {"start": "00:46:54", "end": "00:47:00", "text": "Not made my mind yet. I think pullback"}, {"start": "00:46:56", "end": "00:47:00", "text": "will be faster and shorter."}, {"start": "00:47:03", "end": "00:47:10", "text": "Uh yeah. Uh not sure what you mean, but"}, {"start": "00:47:07", "end": "00:47:14", "text": "pull back faster and shorter."}, {"start": "00:47:10", "end": "00:47:16", "text": "Pullback. If we get rejected here,"}, {"start": "00:47:14", "end": "00:47:18", "text": "pullback's going to be back to this"}, {"start": "00:47:16", "end": "00:47:20", "text": "level right here. We are like an"}, {"start": "00:47:18", "end": "00:47:23", "text": "oscillator. Boop. Should we get rejected"}, {"start": "00:47:20", "end": "00:47:25", "text": "here, this is the the pullback target"}, {"start": "00:47:23", "end": "00:47:26", "text": "around 66."}, {"start": "00:47:25", "end": "00:47:29", "text": "And there's going to be a question"}, {"start": "00:47:26", "end": "00:47:33", "text": "whether this support holds. Now we're"}, {"start": "00:47:29", "end": "00:47:35", "text": "knocking on heaven's door. Bitcoin is"}, {"start": "00:47:33", "end": "00:47:38", "text": "knocking and knocking and knocking. Will"}, {"start": "00:47:35", "end": "00:47:42", "text": "the door open? We'll see later today and"}, {"start": "00:47:38", "end": "00:47:42", "text": "later this week."}, {"start": "00:47:43", "end": "00:47:47", "text": "By the way, Satoshi is Joe Biden. I"}, {"start": "00:47:45", "end": "00:47:51", "text": "heard, speaking about Biden, I heard"}, {"start": "00:47:47", "end": "00:47:54", "text": "that Hunter Biden is challenging Trump's"}, {"start": "00:47:51", "end": "00:47:56", "text": "children to a boxing match or like UFC"}, {"start": "00:47:54", "end": "00:48:02", "text": "fight. Have you guys seen that? He's"}, {"start": "00:47:56", "end": "00:48:02", "text": "challenging Don Jr. to a boxing match."}, {"start": "00:48:08", "end": "00:48:15", "text": "What can we trade straight from? When"}, {"start": "00:48:12", "end": "00:48:18", "text": "can we trade straight from uh Bullmania?"}, {"start": "00:48:15", "end": "00:48:20", "text": "You mean like a DEX interface?"}, {"start": "00:48:18", "end": "00:48:23", "text": "I mean when you come to you have all of"}, {"start": "00:48:20", "end": "00:48:25", "text": "these different uh options here for"}, {"start": "00:48:23", "end": "00:48:27", "text": "where to trade stuff?"}, {"start": "00:48:25", "end": "00:48:29", "text": "Uh and when you come to commodities,"}, {"start": "00:48:27", "end": "00:48:31", "text": "it's different. But the thing is I don't"}, {"start": "00:48:29", "end": "00:48:35", "text": "want to build in a DEX here. Why?"}, {"start": "00:48:31", "end": "00:48:37", "text": "Because running a DEX is like a"}, {"start": "00:48:35", "end": "00:48:39", "text": "it's a separate thing. Like it's a you"}, {"start": "00:48:37", "end": "00:48:42", "text": "you need to then run a DEX. I want to"}, {"start": "00:48:39", "end": "00:48:43", "text": "focus on market analysis and then for"}, {"start": "00:48:42", "end": "00:48:46", "text": "trading we have links here to where you"}, {"start": "00:48:43", "end": "00:48:48", "text": "can trade but you know writing a DEX it"}, {"start": "00:48:46", "end": "00:48:51", "text": "needs to be done properly very very much"}, {"start": "00:48:48", "end": "00:48:53", "text": "properly if you don't do it properly you"}, {"start": "00:48:51", "end": "00:48:56", "text": "don't have full focus on having a great"}, {"start": "00:48:53", "end": "00:48:58", "text": "UI for a DEX uh you may have issues I"}, {"start": "00:48:56", "end": "00:49:00", "text": "mean you saw the issue the other day it"}, {"start": "00:48:58", "end": "00:49:03", "text": "was uh someone who traded like millions"}, {"start": "00:49:00", "end": "00:49:05", "text": "of dollars but then the route I think he"}, {"start": "00:49:03", "end": "00:49:09", "text": "used curve curve UI but then he got oh"}, {"start": "00:49:05", "end": "00:49:11", "text": "no no he used cow swap I think that that"}, {"start": "00:49:09", "end": "00:49:13", "text": "that's the chain of events I remember"}, {"start": "00:49:11", "end": "00:49:15", "text": "from Twitter that they wrote that he"}, {"start": "00:49:13", "end": "00:49:18", "text": "used cow swap then he traded like one"}, {"start": "00:49:15", "end": "00:49:23", "text": "stable coin to another and he got uh he"}, {"start": "00:49:18", "end": "00:49:25", "text": "got like 95% less. So doing decks it's u"}, {"start": "00:49:23", "end": "00:49:27", "text": "it's I don't want to just you know wing"}, {"start": "00:49:25", "end": "00:49:29", "text": "it like you know left-handed you know"}, {"start": "00:49:27", "end": "00:49:31", "text": "just just wing a deck uh even if it's"}, {"start": "00:49:29", "end": "00:49:33", "text": "just a UI it needs to be done properly."}, {"start": "00:49:31", "end": "00:49:35", "text": "So we focus on the analysis. We focus on"}, {"start": "00:49:33", "end": "00:49:37", "text": "what's flipping bullish, what's flipping"}, {"start": "00:49:35", "end": "00:49:39", "text": "bearish in real time. That's I mean"}, {"start": "00:49:37", "end": "00:49:41", "text": "that's that's our core. Everyone should"}, {"start": "00:49:39", "end": "00:49:44", "text": "do what they're core. No, people should"}, {"start": "00:49:41", "end": "00:49:46", "text": "not do what they're not core. Okay? Just"}, {"start": "00:49:44", "end": "00:49:49", "text": "do one thing. Do it. Great. That's it."}, {"start": "00:49:46", "end": "00:49:49", "text": "That's it."}, {"start": "00:49:59", "end": "00:50:05", "text": "German news says DAX recovers. Let's"}, {"start": "00:50:01", "end": "00:50:05", "text": "check DAX. What's happening?"}, {"start": "00:50:05", "end": "00:50:10", "text": "DAX index."}, {"start": "00:50:07", "end": "00:50:14", "text": "Well, I mean DAX is in a way worse"}, {"start": "00:50:10", "end": "00:50:18", "text": "position than U S SNP because it's below"}, {"start": "00:50:14", "end": "00:50:20", "text": "the 50 week. It's in a bare trend. Below"}, {"start": "00:50:18", "end": "00:50:22", "text": "the 50 week means that it's uh"}, {"start": "00:50:20", "end": "00:50:24", "text": "resistance. So, let's see if it can"}, {"start": "00:50:22", "end": "00:50:25", "text": "break that. But uh now it's right at"}, {"start": "00:50:24", "end": "00:50:30", "text": "resistance."}, {"start": "00:50:25", "end": "00:50:30", "text": "S&P and the NASDAQ look way stronger."}, {"start": "00:50:35", "end": "00:50:40", "text": "DEX rules just changed from a policy"}, {"start": "00:50:38", "end": "00:50:43", "text": "perspective. Yes, we just uh covered"}, {"start": "00:50:40", "end": "00:50:45", "text": "that news maybe 10 minutes ago."}, {"start": "00:50:43", "end": "00:50:48", "text": "Uh so in terms of DAX, I would say that"}, {"start": "00:50:45", "end": "00:50:51", "text": "it's uh it's right at resistance and uh"}, {"start": "00:50:48", "end": "00:50:53", "text": "looks weaker than S&P and others. uh but"}, {"start": "00:50:51", "end": "00:50:56", "text": "you know all this is correlated. Should"}, {"start": "00:50:53", "end": "00:50:59", "text": "S&P continue, Nasdaq continue, chances"}, {"start": "00:50:56", "end": "00:51:01", "text": "are it continues also but uh it's still"}, {"start": "00:50:59", "end": "00:51:02", "text": "B trend and below the 50 weeks. So"}, {"start": "00:51:01", "end": "00:51:06", "text": "overall"}, {"start": "00:51:02", "end": "00:51:06", "text": "looks a bit weak"}, {"start": "00:51:10", "end": "00:51:15", "text": "do bulls. Yeah. And once if we feel that"}, {"start": "00:51:13", "end": "00:51:17", "text": "we have the"}, {"start": "00:51:15", "end": "00:51:19", "text": "we have the"}, {"start": "00:51:17", "end": "00:51:21", "text": "uh you know the road map and the the"}, {"start": "00:51:19", "end": "00:51:22", "text": "focus to do it we're going to do it now"}, {"start": "00:51:21", "end": "00:51:24", "text": "we have so much to do with the existing"}, {"start": "00:51:22", "end": "00:51:26", "text": "stuff for example we want to add forex"}, {"start": "00:51:24", "end": "00:51:28", "text": "people have been asking to add the forex"}, {"start": "00:51:26", "end": "00:51:31", "text": "uh so that's that's going to come soon"}, {"start": "00:51:28", "end": "00:51:33", "text": "here we now have stocks commodities ETFs"}, {"start": "00:51:31", "end": "00:51:36", "text": "we're going to have forex soon uh we"}, {"start": "00:51:33", "end": "00:51:39", "text": "will improve the money line for uh low"}, {"start": "00:51:36", "end": "00:51:40", "text": "time frames that's that's going to come"}, {"start": "00:51:39", "end": "00:51:42", "text": "soon as well and so many other things we"}, {"start": "00:51:40", "end": "00:51:46", "text": "still want going to do. So, I I don't"}, {"start": "00:51:42", "end": "00:51:46", "text": "want to switch focus too much."}, {"start": "00:51:50", "end": "00:51:57", "text": "Okay guys, let's do one final question"}, {"start": "00:51:52", "end": "00:51:57", "text": "and then we're out of here."}, {"start": "00:51:59", "end": "00:52:04", "text": "While you are thinking about the"}, {"start": "00:52:00", "end": "00:52:07", "text": "question, check out bullman.com for the"}, {"start": "00:52:04", "end": "00:52:09", "text": "free training. Do it right now. Uh,"}, {"start": "00:52:07", "end": "00:52:11", "text": "check out bullion.com/partners"}, {"start": "00:52:09", "end": "00:52:15", "text": "for for the exchanges. You get big fat"}, {"start": "00:52:11", "end": "00:52:17", "text": "signup bonuses right now. And check out"}, {"start": "00:52:15", "end": "00:52:19", "text": "bullion.com/news."}, {"start": "00:52:17", "end": "00:52:21", "text": "Everything is in the link in the"}, {"start": "00:52:19", "end": "00:52:23", "text": "description below. Like all of this uh"}, {"start": "00:52:21", "end": "00:52:26", "text": "in the newsletter, you get very nice,"}, {"start": "00:52:23", "end": "00:52:29", "text": "fantastic market analysis. No spam. No"}, {"start": "00:52:26", "end": "00:52:32", "text": "spam. Just once a week you get very nice"}, {"start": "00:52:29", "end": "00:52:35", "text": "short market analysis. Very nice."}, {"start": "00:52:32", "end": "00:52:37", "text": "That's exactly exactly how we like it."}, {"start": "00:52:35", "end": "00:52:38", "text": "Guys, listen. If there are no more"}, {"start": "00:52:37", "end": "00:52:41", "text": "questions,"}, {"start": "00:52:38", "end": "00:52:44", "text": "let's wrap it up. We will be back"}, {"start": "00:52:41", "end": "00:52:46", "text": "tomorrow. Enjoy your"}, {"start": "00:52:44", "end": "00:52:50", "text": "Tuesday. Big shout out to Guzman for"}, {"start": "00:52:46", "end": "00:52:51", "text": "time stamping us. And uh we will be back"}, {"start": "00:52:50", "end": "00:52:54", "text": "very very soon. Thanks all for being"}, {"start": "00:52:51", "end": "00:52:56", "text": "here yet again. Let's see if this is the"}, {"start": "00:52:54", "end": "00:53:00", "text": "start of the bull if we say bye-bye to"}, {"start": "00:52:56", "end": "00:53:02", "text": "the buy zone or if we are going to get"}, {"start": "00:53:00", "end": "00:53:04", "text": "pulled down. Watch the beginning of the"}, {"start": "00:53:02", "end": "00:53:07", "text": "stream for my analysis if you just"}, {"start": "00:53:04", "end": "00:53:07", "text": "joined. And goodbye guys. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Oh yes guys, good morning. And look at"}, {"start": "00:00:01", "end": "00:00:05", "text": "this. Bitcoin just got rejected by the"}, {"start": "00:00:03", "end": "00:00:07", "text": "74K level which is the last year low."}, {"start": "00:00:05", "end": "00:00:09", "text": "This is not a sign of strength. At the"}, {"start": "00:00:07", "end": "00:00:11", "text": "same time, each and every Monday, Trump"}, {"start": "00:00:09", "end": "00:00:13", "text": "comes out with something bullish. So we"}, {"start": "00:00:11", "end": "00:00:15", "text": "may get another pump and dump here and"}, {"start": "00:00:13", "end": "00:00:16", "text": "be here for a few more weeks. This is"}, {"start": "00:00:15", "end": "00:00:19", "text": "very interesting because whenever he has"}, {"start": "00:00:16", "end": "00:00:21", "text": "anything bullish, we pump but we don't"}, {"start": "00:00:19", "end": "00:00:23", "text": "break out from the range. And then"}, {"start": "00:00:21", "end": "00:00:24", "text": "whenever there is something bearish like"}, {"start": "00:00:23", "end": "00:00:27", "text": "the other day we had failed"}, {"start": "00:00:24", "end": "00:00:28", "text": "negotiations, bearish prices drop but"}, {"start": "00:00:27", "end": "00:00:30", "text": "still we're within the range. So, this"}, {"start": "00:00:28", "end": "00:00:32", "text": "is why looking at the chart is so much"}, {"start": "00:00:30", "end": "00:00:33", "text": "better than looking at the news because"}, {"start": "00:00:32", "end": "00:00:35", "text": "the bullish news didn't really matter."}, {"start": "00:00:33", "end": "00:00:37", "text": "We did not break out and also the"}, {"start": "00:00:35", "end": "00:00:38", "text": "bearish news currently doesn't really"}, {"start": "00:00:37", "end": "00:00:40", "text": "matter too much because we did not break"}, {"start": "00:00:38", "end": "00:00:43", "text": "down. We're still within the range and"}, {"start": "00:00:40", "end": "00:00:44", "text": "we have to see for what it is. But as"}, {"start": "00:00:43", "end": "00:00:46", "text": "long as we're within the range, you can"}, {"start": "00:00:44", "end": "00:00:48", "text": "ignore all of the news. They literally"}, {"start": "00:00:46", "end": "00:00:50", "text": "don't matter. Should we break down, we"}, {"start": "00:00:48", "end": "00:00:52", "text": "have the big flash into the buy zone"}, {"start": "00:00:50", "end": "00:00:54", "text": "here towards the 200E moving average and"}, {"start": "00:00:52", "end": "00:00:57", "text": "then below into the buy zone. This is"}, {"start": "00:00:54", "end": "00:00:59", "text": "fantastic. Should we break to the upside"}, {"start": "00:00:57", "end": "00:01:01", "text": "then you have a nice long here until the"}, {"start": "00:00:59", "end": "00:01:05", "text": "next resistance which is likely to be a"}, {"start": "00:01:01", "end": "00:01:10", "text": "lower high at approximately 70 60 sorry"}, {"start": "00:01:05", "end": "00:01:12", "text": "86 86 and um that's a 16% up fantastic"}, {"start": "00:01:10", "end": "00:01:13", "text": "long especially if you know how to trade"}, {"start": "00:01:12", "end": "00:01:15", "text": "with leverage if you know mechanical"}, {"start": "00:01:13", "end": "00:01:16", "text": "rules and so forth but the path of least"}, {"start": "00:01:15", "end": "00:01:18", "text": "resistance is still down I have to be"}, {"start": "00:01:16", "end": "00:01:19", "text": "honest with you guys the path of least"}, {"start": "00:01:18", "end": "00:01:21", "text": "resistance because we're in a bare trend"}, {"start": "00:01:19", "end": "00:01:23", "text": "because stocks are still in a bare trend"}, {"start": "00:01:21", "end": "00:01:25", "text": "look at stocks stocks did not close in a"}, {"start": "00:01:23", "end": "00:01:27", "text": "bull trend they just got rejected ed by"}, {"start": "00:01:25", "end": "00:01:29", "text": "the bare flip. Now this can change this"}, {"start": "00:01:27", "end": "00:01:31", "text": "week. We have a very very close eye on"}, {"start": "00:01:29", "end": "00:01:33", "text": "stocks because they can go into bull"}, {"start": "00:01:31", "end": "00:01:35", "text": "trend and this of course will bring a"}, {"start": "00:01:33", "end": "00:01:37", "text": "bit of bullishness to Bitcoin also"}, {"start": "00:01:35", "end": "00:01:38", "text": "although not necessarily too much"}, {"start": "00:01:37", "end": "00:01:41", "text": "bullishness. We'll just have to see"}, {"start": "00:01:38", "end": "00:01:42", "text": "Bitcoin separately and we'll have to"}, {"start": "00:01:41", "end": "00:01:44", "text": "separate stocks and Bitcoin in our"}, {"start": "00:01:42", "end": "00:01:45", "text": "analysis. Many people that look at"}, {"start": "00:01:44", "end": "00:01:47", "text": "stocks they think Bitcoin is going to do"}, {"start": "00:01:45", "end": "00:01:49", "text": "the same. But if you look at the stock"}, {"start": "00:01:47", "end": "00:01:52", "text": "market here since October, this is when"}, {"start": "00:01:49", "end": "00:01:56", "text": "we went bearish on Bitcoin. Bitcoin was"}, {"start": "00:01:52", "end": "00:01:58", "text": "126K here. Then here in February,"}, {"start": "00:01:56", "end": "00:02:01", "text": "Bitcoin already was down what is it 40"}, {"start": "00:01:58", "end": "00:02:04", "text": "30%. Stocks went up and now stocks have"}, {"start": "00:02:01", "end": "00:02:06", "text": "been a bit sideways. Uh and uh yeah,"}, {"start": "00:02:04", "end": "00:02:08", "text": "Bitcoin is went down 50%, now it's a bit"}, {"start": "00:02:06", "end": "00:02:10", "text": "higher than 50% down. But you see,"}, {"start": "00:02:08", "end": "00:02:13", "text": "stocks and crypto don't have to go hand"}, {"start": "00:02:10", "end": "00:02:15", "text": "in hand. In fact, most your portfolio"}, {"start": "00:02:13", "end": "00:02:17", "text": "can get destroyed while stocks are"}, {"start": "00:02:15", "end": "00:02:21", "text": "moving up. S&P here since October went"}, {"start": "00:02:17", "end": "00:02:23", "text": "up, all coins went down 80 90%. So yes,"}, {"start": "00:02:21", "end": "00:02:25", "text": "it would be bullish if stocks went uh"}, {"start": "00:02:23", "end": "00:02:28", "text": "went went up, but it's not a guaranteed"}, {"start": "00:02:25", "end": "00:02:30", "text": "propagation into crypto. The bullishness"}, {"start": "00:02:28", "end": "00:02:31", "text": "may or may not propagate into crypto. So"}, {"start": "00:02:30", "end": "00:02:32", "text": "that's why we have to look at crypto"}, {"start": "00:02:31", "end": "00:02:34", "text": "charts separately. We look at the"}, {"start": "00:02:32", "end": "00:02:36", "text": "Bitcoin chart separately. We'll look at"}, {"start": "00:02:34", "end": "00:02:37", "text": "the alcoin charts separately. If they"}, {"start": "00:02:36", "end": "00:02:39", "text": "tell us that they want to break out,"}, {"start": "00:02:37", "end": "00:02:42", "text": "great for now because Bitcoin is in a"}, {"start": "00:02:39", "end": "00:02:44", "text": "bare trend. S&P did not go into bull"}, {"start": "00:02:42", "end": "00:02:47", "text": "trend. Just another confirmation that uh"}, {"start": "00:02:44", "end": "00:02:50", "text": "the path resistance is down. NASDAQ did"}, {"start": "00:02:47", "end": "00:02:52", "text": "not go into bull trend last week. Let's"}, {"start": "00:02:50", "end": "00:02:53", "text": "see if it can do it this week. It did"}, {"start": "00:02:52", "end": "00:02:56", "text": "not do it last week. And then when you"}, {"start": "00:02:53", "end": "00:02:58", "text": "look at the stock index for example, IGV"}, {"start": "00:02:56", "end": "00:03:00", "text": "and again for all of you who are new, we"}, {"start": "00:02:58", "end": "00:03:01", "text": "have many new people joining. Big big"}, {"start": "00:03:00", "end": "00:03:04", "text": "welcome. But that we're trading quite"}, {"start": "00:03:01", "end": "00:03:05", "text": "exact. So there is a bit of a divergence"}, {"start": "00:03:04", "end": "00:03:08", "text": "now. And it's going to be interesting to"}, {"start": "00:03:05", "end": "00:03:09", "text": "see whether Bitcoin follows through or"}, {"start": "00:03:08", "end": "00:03:12", "text": "not or if Bitcoin decouples. But here"}, {"start": "00:03:09", "end": "00:03:14", "text": "you see software breaking down the blue"}, {"start": "00:03:12", "end": "00:03:16", "text": "one. Bitcoin is holding up. For me, it's"}, {"start": "00:03:14", "end": "00:03:19", "text": "another signal that the path of this"}, {"start": "00:03:16", "end": "00:03:22", "text": "resistance is down for Bitcoin. It is"}, {"start": "00:03:19", "end": "00:03:24", "text": "down. Stocks have been trading like like"}, {"start": "00:03:22", "end": "00:03:26", "text": "Bitcoin uh tech stocks tech stocks and"}, {"start": "00:03:24", "end": "00:03:29", "text": "tech stocks now are taking another dip."}, {"start": "00:03:26", "end": "00:03:31", "text": "Bitcoin is still holding on. So is it"}, {"start": "00:03:29", "end": "00:03:32", "text": "possible that we see divergence and now"}, {"start": "00:03:31", "end": "00:03:34", "text": "they trade in different ways? It is"}, {"start": "00:03:32", "end": "00:03:35", "text": "possible. But as you know if you follow"}, {"start": "00:03:34", "end": "00:03:36", "text": "this channel, we don't really care about"}, {"start": "00:03:35", "end": "00:03:38", "text": "what's possible because anything is"}, {"start": "00:03:36", "end": "00:03:39", "text": "possible. Literally anything is"}, {"start": "00:03:38", "end": "00:03:41", "text": "possible. Anything can happen. We care"}, {"start": "00:03:39", "end": "00:03:43", "text": "about what's likely and we never want to"}, {"start": "00:03:41", "end": "00:03:46", "text": "be in a situation where the cards are"}, {"start": "00:03:43", "end": "00:03:48", "text": "stacked against us. want to always rig"}, {"start": "00:03:46", "end": "00:03:49", "text": "the game so that the cards are stacked"}, {"start": "00:03:48", "end": "00:03:51", "text": "in our favor. We know that cards are"}, {"start": "00:03:49", "end": "00:03:54", "text": "stacking in in our favor doesn't mean"}, {"start": "00:03:51", "end": "00:03:56", "text": "that we will win 100%. But over time,"}, {"start": "00:03:54", "end": "00:03:58", "text": "the more trades we take, the more we"}, {"start": "00:03:56", "end": "00:04:00", "text": "survive, the more our capital we grow"}, {"start": "00:03:58", "end": "00:04:02", "text": "will grow, the more our networks will"}, {"start": "00:04:00", "end": "00:04:03", "text": "grow, the more we'll be able to"}, {"start": "00:04:02", "end": "00:04:06", "text": "participate in different markets, in"}, {"start": "00:04:03", "end": "00:04:07", "text": "different upsides and be here long term."}, {"start": "00:04:06", "end": "00:04:09", "text": "And that's the most important thing you"}, {"start": "00:04:07", "end": "00:04:11", "text": "need to understand, compounding. As long"}, {"start": "00:04:09", "end": "00:04:12", "text": "as you can stay in the market, as long"}, {"start": "00:04:11", "end": "00:04:15", "text": "as you can survive, as long as you can"}, {"start": "00:04:12", "end": "00:04:17", "text": "compound your wealth, it doesn't matter"}, {"start": "00:04:15", "end": "00:04:19", "text": "whether you buy the exact bottom or sell"}, {"start": "00:04:17", "end": "00:04:21", "text": "the exact top. As long as you capture a"}, {"start": "00:04:19", "end": "00:04:23", "text": "good portion of the move is the best."}, {"start": "00:04:21", "end": "00:04:25", "text": "It's fantastic. As long as you preserve"}, {"start": "00:04:23", "end": "00:04:29", "text": "capital so you can buy when everything"}, {"start": "00:04:25", "end": "00:04:32", "text": "is down 90%. Altcoin's down 90%. Bitcoin"}, {"start": "00:04:29", "end": "00:04:35", "text": "down 50 60 70%. That's how you compound"}, {"start": "00:04:32", "end": "00:04:37", "text": "cycle over cycle. If you blow everything"}, {"start": "00:04:35", "end": "00:04:39", "text": "each cycle, you round trip. There is no"}, {"start": "00:04:37", "end": "00:04:41", "text": "compounding taking place. And of course"}, {"start": "00:04:39", "end": "00:04:43", "text": "the worst is if you lose everything. You"}, {"start": "00:04:41", "end": "00:04:45", "text": "just reset your portfolio and you round"}, {"start": "00:04:43", "end": "00:04:46", "text": "trip to zero because then you cannot"}, {"start": "00:04:45", "end": "00:04:48", "text": "compound. Compounding is only possible"}, {"start": "00:04:46", "end": "00:04:50", "text": "if you have money. You have money you"}, {"start": "00:04:48", "end": "00:04:51", "text": "can compound. And compound as you know"}, {"start": "00:04:50", "end": "00:04:53", "text": "it is the eighth wonder of the world or"}, {"start": "00:04:51", "end": "00:04:55", "text": "or the ninth or what it is. But so"}, {"start": "00:04:53", "end": "00:04:57", "text": "losing everything is very bad. It"}, {"start": "00:04:55", "end": "00:04:59", "text": "happens a lot to people who hold an"}, {"start": "00:04:57", "end": "00:05:00", "text": "altcoin. It goes into bare trend and"}, {"start": "00:04:59", "end": "00:05:02", "text": "think but it's possible that it"}, {"start": "00:05:00", "end": "00:05:04", "text": "recovers. They think it's possible that"}, {"start": "00:05:02", "end": "00:05:06", "text": "the team has great fundamentals and so"}, {"start": "00:05:04", "end": "00:05:08", "text": "it recovers. But the thing is the same"}, {"start": "00:05:06", "end": "00:05:10", "text": "asset. Look at Polygon for example. You"}, {"start": "00:05:08", "end": "00:05:12", "text": "remember in 2022 we were all about"}, {"start": "00:05:10", "end": "00:05:14", "text": "Polygon. We found Polygon at a few"}, {"start": "00:05:12", "end": "00:05:15", "text": "cents. It went to $23 something like"}, {"start": "00:05:14", "end": "00:05:17", "text": "that. It was fantastic. People still to"}, {"start": "00:05:15", "end": "00:05:19", "text": "this day tell me thank you Ivan for"}, {"start": "00:05:17", "end": "00:05:21", "text": "Polygon for the last market because our"}, {"start": "00:05:19", "end": "00:05:23", "text": "community rolled it all the way up and"}, {"start": "00:05:21", "end": "00:05:26", "text": "we sold around there as well around the"}, {"start": "00:05:23", "end": "00:05:28", "text": "the peaks. And so now the same asset in"}, {"start": "00:05:26", "end": "00:05:30", "text": "fact maybe even better fundamentals"}, {"start": "00:05:28", "end": "00:05:33", "text": "because they had more time to build more"}, {"start": "00:05:30", "end": "00:05:35", "text": "time to invest in the protocol. But it's"}, {"start": "00:05:33", "end": "00:05:36", "text": "horrible this cycle and it's horrible"}, {"start": "00:05:35", "end": "00:05:38", "text": "especially last few months since the"}, {"start": "00:05:36", "end": "00:05:41", "text": "bare uh flip right here on the weekly"}, {"start": "00:05:38", "end": "00:05:43", "text": "which was over a year ago is down 81%."}, {"start": "00:05:41", "end": "00:05:46", "text": "So as you can see fundamentals will not"}, {"start": "00:05:43", "end": "00:05:48", "text": "save you if the asset is in a bare trend"}, {"start": "00:05:46", "end": "00:05:50", "text": "you have to run run run. I mean I have"}, {"start": "00:05:48", "end": "00:05:52", "text": "written a whole book about it big"}, {"start": "00:05:50", "end": "00:05:54", "text": "profits you find the link below. But if"}, {"start": "00:05:52", "end": "00:05:56", "text": "you have great fundamentals but the"}, {"start": "00:05:54", "end": "00:05:58", "text": "trend is down the cards are stacked"}, {"start": "00:05:56", "end": "00:06:00", "text": "against you. Even if fundamentals are"}, {"start": "00:05:58", "end": "00:06:03", "text": "great they're still stacked against you."}, {"start": "00:06:00", "end": "00:06:05", "text": "So never disrespect the bare trend and"}, {"start": "00:06:03", "end": "00:06:07", "text": "never ask hey but it's possible. Never"}, {"start": "00:06:05", "end": "00:06:08", "text": "think oh but it's possible. So you you"}, {"start": "00:06:07", "end": "00:06:10", "text": "take a bet on whatever is possible but"}, {"start": "00:06:08", "end": "00:06:12", "text": "it's like the least likely scenario."}, {"start": "00:06:10", "end": "00:06:14", "text": "Always stack the cards in your favor. If"}, {"start": "00:06:12", "end": "00:06:15", "text": "we now look at Bitcoin versus other"}, {"start": "00:06:14", "end": "00:06:17", "text": "midterm years you see that we're"}, {"start": "00:06:15", "end": "00:06:18", "text": "tracking it quite exact. If we look at"}, {"start": "00:06:17", "end": "00:06:21", "text": "the average we're slightly above average"}, {"start": "00:06:18", "end": "00:06:24", "text": "but we are below for example the 2022"}, {"start": "00:06:21", "end": "00:06:28", "text": "yeartoday performance at this exact day"}, {"start": "00:06:24", "end": "00:06:30", "text": "in the year 104. And um here the"}, {"start": "00:06:28", "end": "00:06:31", "text": "conclusion is the same as before. the"}, {"start": "00:06:30", "end": "00:06:34", "text": "path of this resistance for us is down"}, {"start": "00:06:31", "end": "00:06:36", "text": "to basically be attracted magnetized"}, {"start": "00:06:34", "end": "00:06:38", "text": "towards the white line which is the"}, {"start": "00:06:36", "end": "00:06:39", "text": "average of the previous midterm years."}, {"start": "00:06:38", "end": "00:06:40", "text": "And by the way, if you appreciate this"}, {"start": "00:06:39", "end": "00:06:41", "text": "kind of content, smash the like,"}, {"start": "00:06:40", "end": "00:06:42", "text": "subscribe to the channel and let us know"}, {"start": "00:06:41", "end": "00:06:44", "text": "where you're tuning in from this"}, {"start": "00:06:42", "end": "00:06:46", "text": "fantastic Monday. I know that each and"}, {"start": "00:06:44", "end": "00:06:48", "text": "every video we do is not just bull bull"}, {"start": "00:06:46", "end": "00:06:50", "text": "bull bull bull up and up and up like"}, {"start": "00:06:48", "end": "00:06:51", "text": "many people want. But I think also you"}, {"start": "00:06:50", "end": "00:06:53", "text": "guys like it and appreciate because our"}, {"start": "00:06:51", "end": "00:06:55", "text": "job here is to make money. Our job is to"}, {"start": "00:06:53", "end": "00:06:57", "text": "have a lot of money to buy at the lows"}, {"start": "00:06:55", "end": "00:06:59", "text": "to protect our capital when we've"}, {"start": "00:06:57", "end": "00:07:01", "text": "already won the game. I mean, we we were"}, {"start": "00:06:59", "end": "00:07:03", "text": "bullish since January 2023. Then we"}, {"start": "00:07:01", "end": "00:07:05", "text": "rolled it all the way up to October"}, {"start": "00:07:03", "end": "00:07:07", "text": "2025. Since then, we're bearish. So, we"}, {"start": "00:07:05", "end": "00:07:09", "text": "won the game. There is no reason to play"}, {"start": "00:07:07", "end": "00:07:12", "text": "the game if you won the game. So, for"}, {"start": "00:07:09", "end": "00:07:13", "text": "us, the game now is restarting when the"}, {"start": "00:07:12", "end": "00:07:15", "text": "next bull market is coming. And we need"}, {"start": "00:07:13", "end": "00:07:17", "text": "to have as much capital as possible to"}, {"start": "00:07:15", "end": "00:07:19", "text": "utilize that. So, let me know if you"}, {"start": "00:07:17", "end": "00:07:20", "text": "like that. I appreciate that. And as"}, {"start": "00:07:19", "end": "00:07:21", "text": "always, go to the description and you're"}, {"start": "00:07:20", "end": "00:07:23", "text": "going to see the link"}, {"start": "00:07:21", "end": "00:07:25", "text": "bullman.com/partners."}, {"start": "00:07:23", "end": "00:07:27", "text": "Click it because here you see all of the"}, {"start": "00:07:25", "end": "00:07:28", "text": "different deals that we have negotiated"}, {"start": "00:07:27", "end": "00:07:30", "text": "with the different exchanges. For"}, {"start": "00:07:28", "end": "00:07:32", "text": "example, if you sign up on buy, you do"}, {"start": "00:07:30", "end": "00:07:35", "text": "get a big fat signup bonus. If you sign"}, {"start": "00:07:32", "end": "00:07:36", "text": "up and you deposit fast after sign up"}, {"start": "00:07:35", "end": "00:07:38", "text": "and you can trade Bitcoin, stocks,"}, {"start": "00:07:36", "end": "00:07:40", "text": "precious metals, anything you can use"}, {"start": "00:07:38", "end": "00:07:42", "text": "leverage. You even get a debit card. You"}, {"start": "00:07:40", "end": "00:07:44", "text": "soon going to get a bank account also in"}, {"start": "00:07:42", "end": "00:07:46", "text": "buy bit. The same with bionex big signup"}, {"start": "00:07:44", "end": "00:07:48", "text": "bonus. This is for bots, the grid bots."}, {"start": "00:07:46", "end": "00:07:50", "text": "Then weeks is like buy bit but low KYC"}, {"start": "00:07:48", "end": "00:07:54", "text": "bit unix and so on so forth. And if you"}, {"start": "00:07:50", "end": "00:07:56", "text": "want to apply the the this capital and"}, {"start": "00:07:54", "end": "00:07:59", "text": "put it to work that you get from signing"}, {"start": "00:07:56", "end": "00:08:00", "text": "up, then go to bullmayer.com and watch"}, {"start": "00:07:59", "end": "00:08:03", "text": "the free training about the mechanical"}, {"start": "00:08:00", "end": "00:08:05", "text": "rules because this is going to teach you"}, {"start": "00:08:03", "end": "00:08:07", "text": "how you ensure that the cars are always"}, {"start": "00:08:05", "end": "00:08:10", "text": "stacked in your favor. So whatever bonus"}, {"start": "00:08:07", "end": "00:08:11", "text": "you get here is getting put to good use"}, {"start": "00:08:10", "end": "00:08:13", "text": "very fast. You're going to watch the"}, {"start": "00:08:11", "end": "00:08:15", "text": "free video and then there is a free"}, {"start": "00:08:13", "end": "00:08:16", "text": "strategy call that will explain to you"}, {"start": "00:08:15", "end": "00:08:17", "text": "exactly exactly exactly. Okay, moving"}, {"start": "00:08:16", "end": "00:08:19", "text": "on. As you know, the most important"}, {"start": "00:08:17", "end": "00:08:21", "text": "chart in the world right now is oil. And"}, {"start": "00:08:19", "end": "00:08:23", "text": "if you look at the GSG index, which is"}, {"start": "00:08:21", "end": "00:08:26", "text": "commodities, but mainly tilted towards"}, {"start": "00:08:23", "end": "00:08:28", "text": "oil, we will have another pump in the"}, {"start": "00:08:26", "end": "00:08:30", "text": "GSG, you have the pre-market tracing"}, {"start": "00:08:28", "end": "00:08:33", "text": "right now open, and it wants to go up."}, {"start": "00:08:30", "end": "00:08:37", "text": "It wants to go up. Oil. Oil is now back"}, {"start": "00:08:33", "end": "00:08:38", "text": "here at 104. Last week, it dumped a bit"}, {"start": "00:08:37", "end": "00:08:40", "text": "because there was negotiation. This"}, {"start": "00:08:38", "end": "00:08:42", "text": "week, there's no negotiation. And it's"}, {"start": "00:08:40", "end": "00:08:44", "text": "up a bit. Let's see if Trump comes out"}, {"start": "00:08:42", "end": "00:08:46", "text": "and says something bullish now in the"}, {"start": "00:08:44", "end": "00:08:48", "text": "morning. I mean, I'm I'm expecting I'm"}, {"start": "00:08:46", "end": "00:08:50", "text": "expecting some something that he's going"}, {"start": "00:08:48", "end": "00:08:52", "text": "to try to pump the market or maybe not"}, {"start": "00:08:50", "end": "00:08:54", "text": "because the markets are barely reacting"}, {"start": "00:08:52", "end": "00:08:55", "text": "now. Barely reacting. You need something"}, {"start": "00:08:54", "end": "00:08:57", "text": "bigger than the peace deal because you"}, {"start": "00:08:55", "end": "00:08:59", "text": "remember in the past he could say small"}, {"start": "00:08:57", "end": "00:09:00", "text": "bullish things and they would move the"}, {"start": "00:08:59", "end": "00:09:03", "text": "market. Then they stopped moving the"}, {"start": "00:09:00", "end": "00:09:04", "text": "market. Next, he needed he needed to say"}, {"start": "00:09:03", "end": "00:09:06", "text": "bigger things such as for example the"}, {"start": "00:09:04", "end": "00:09:08", "text": "peace deal. Okay, before it was enough"}, {"start": "00:09:06", "end": "00:09:10", "text": "just you know saying we won we won we"}, {"start": "00:09:08", "end": "00:09:15", "text": "won every day. They won war is over"}, {"start": "00:09:10", "end": "00:09:17", "text": "every day. Okay. 150 of the last uh 20"}, {"start": "00:09:15", "end": "00:09:20", "text": "wars every day. Uh then it did not work"}, {"start": "00:09:17", "end": "00:09:22", "text": "that that great. Next peace deal. That's"}, {"start": "00:09:20", "end": "00:09:24", "text": "a big thing. I mean it's actual some"}, {"start": "00:09:22", "end": "00:09:26", "text": "kind of ceasefire. We're going to"}, {"start": "00:09:24", "end": "00:09:28", "text": "negotiate negotiate. So that actually"}, {"start": "00:09:26", "end": "00:09:32", "text": "pushed the markets in a good way to the"}, {"start": "00:09:28", "end": "00:09:34", "text": "upside. Pushed oil down. Uh now you need"}, {"start": "00:09:32", "end": "00:09:36", "text": "something bigger now for markets to"}, {"start": "00:09:34", "end": "00:09:38", "text": "move. You need something bigger now."}, {"start": "00:09:36", "end": "00:09:40", "text": "Let's see what that is. If he can say"}, {"start": "00:09:38", "end": "00:09:43", "text": "something bullish bigger than that or"}, {"start": "00:09:40", "end": "00:09:45", "text": "not. But the chart is the truth. You see"}, {"start": "00:09:43", "end": "00:09:47", "text": "the chart here, it's up and uh this is"}, {"start": "00:09:45", "end": "00:09:52", "text": "the only thing we care about. Oil is at"}, {"start": "00:09:47", "end": "00:09:54", "text": "104. GSG is at 32 back basically towards"}, {"start": "00:09:52", "end": "00:09:55", "text": "this highs here. Did not go into bare"}, {"start": "00:09:54", "end": "00:09:57", "text": "trend. We're discussing potentially"}, {"start": "00:09:55", "end": "00:09:58", "text": "going into bare trend last week, but it"}, {"start": "00:09:57", "end": "00:10:00", "text": "did not. Bull trend is still intact. And"}, {"start": "00:09:58", "end": "00:10:02", "text": "as you know, the reason why we look at"}, {"start": "00:10:00", "end": "00:10:04", "text": "this so much is because it's going to be"}, {"start": "00:10:02", "end": "00:10:06", "text": "tough for the Fed to decrease rates when"}, {"start": "00:10:04", "end": "00:10:08", "text": "the energy prices are so high. It's"}, {"start": "00:10:06", "end": "00:10:10", "text": "going to be very, very tough. And uh"}, {"start": "00:10:08", "end": "00:10:12", "text": "that's why we this is a signal for us to"}, {"start": "00:10:10", "end": "00:10:14", "text": "be conservative to be conservative to be"}, {"start": "00:10:12", "end": "00:10:16", "text": "riskoff to be cautious to protect"}, {"start": "00:10:14", "end": "00:10:17", "text": "capital protect capital protect capital"}, {"start": "00:10:16", "end": "00:10:20", "text": "protect capital because if you don't"}, {"start": "00:10:17", "end": "00:10:21", "text": "have capital you cannot compound your"}, {"start": "00:10:20", "end": "00:10:23", "text": "you can't do anything. Looking at some"}, {"start": "00:10:21", "end": "00:10:25", "text": "stocks micro strategy is opening lower."}, {"start": "00:10:23", "end": "00:10:27", "text": "It is below 200 moving average. It"}, {"start": "00:10:25", "end": "00:10:30", "text": "actually used the 200 moving average as"}, {"start": "00:10:27", "end": "00:10:32", "text": "resistance and got rejected down. It is"}, {"start": "00:10:30", "end": "00:10:34", "text": "in a bare trend. It is maybe even micro"}, {"start": "00:10:32", "end": "00:10:35", "text": "tragedy. This is what happens when you"}, {"start": "00:10:34", "end": "00:10:38", "text": "hold in bare trend. No, don't hold in"}, {"start": "00:10:35", "end": "00:10:40", "text": "bare trend guys. And last time when it"}, {"start": "00:10:38", "end": "00:10:43", "text": "went below the 200E moving average, let"}, {"start": "00:10:40", "end": "00:10:46", "text": "me just see how long time it took for it"}, {"start": "00:10:43", "end": "00:10:48", "text": "to get above it. Here it went below it"}, {"start": "00:10:46", "end": "00:10:51", "text": "and boop boop boop to get above it. It"}, {"start": "00:10:48", "end": "00:10:54", "text": "took 62 weeks. So you can have a a year"}, {"start": "00:10:51", "end": "00:10:57", "text": "of sideways. You can argue that uh this"}, {"start": "00:10:54", "end": "00:10:59", "text": "is somewhere where Bitcoin is going to"}, {"start": "00:10:57", "end": "00:11:01", "text": "be bottoming out. I mean here for"}, {"start": "00:10:59", "end": "00:11:05", "text": "example, if we look at the Bitcoin"}, {"start": "00:11:01", "end": "00:11:07", "text": "bottom time, we have this orange uh box"}, {"start": "00:11:05", "end": "00:11:09", "text": "here. It corresponds to where Bitcoin"}, {"start": "00:11:07", "end": "00:11:12", "text": "bottomed here last time. It went it had"}, {"start": "00:11:09", "end": "00:11:13", "text": "the flash here to 20 then sideways. It"}, {"start": "00:11:12", "end": "00:11:16", "text": "went way lower. I mean it went all the"}, {"start": "00:11:13", "end": "00:11:17", "text": "way to 15 but still we we we count as"}, {"start": "00:11:16", "end": "00:11:20", "text": "kind of the bottoming zone because it"}, {"start": "00:11:17", "end": "00:11:24", "text": "was mainly sideways here. You can say uh"}, {"start": "00:11:20", "end": "00:11:26", "text": "if you want to be bullish that when uh"}, {"start": "00:11:24", "end": "00:11:28", "text": "Micro Strategy went below the 200 week"}, {"start": "00:11:26", "end": "00:11:31", "text": "within the coming month or two, Bitcoin"}, {"start": "00:11:28", "end": "00:11:33", "text": "basically had its uh final flash towards"}, {"start": "00:11:31", "end": "00:11:35", "text": "that sideways consolidation which"}, {"start": "00:11:33", "end": "00:11:37", "text": "happened a long time. So maybe something"}, {"start": "00:11:35", "end": "00:11:38", "text": "similar is going to be here that u we"}, {"start": "00:11:37", "end": "00:11:40", "text": "have some kind of flashing mic strategy"}, {"start": "00:11:38", "end": "00:11:43", "text": "flashing bitcoin and that's the the"}, {"start": "00:11:40", "end": "00:11:45", "text": "bitcoin bottom formation. Uh let's see."}, {"start": "00:11:43", "end": "00:11:47", "text": "But uh the capital destruction has been"}, {"start": "00:11:45", "end": "00:11:49", "text": "crazy here. It's been crazy. And the"}, {"start": "00:11:47", "end": "00:11:52", "text": "people speaking about black swans. Could"}, {"start": "00:11:49", "end": "00:11:54", "text": "micro strategy be a black swan? We just"}, {"start": "00:11:52", "end": "00:11:55", "text": "have to react when it happens. Uh I"}, {"start": "00:11:54", "end": "00:11:57", "text": "don't have micro strategy. I don't think"}, {"start": "00:11:55", "end": "00:11:58", "text": "it's a interesting proposition for my"}, {"start": "00:11:57", "end": "00:12:01", "text": "portfolio. I don't like that sailor is"}, {"start": "00:11:58", "end": "00:12:03", "text": "promoting 10% yield. It's too much for"}, {"start": "00:12:01", "end": "00:12:05", "text": "me man. It's too much. Could be black"}, {"start": "00:12:03", "end": "00:12:08", "text": "swan. It could I mean another black swan"}, {"start": "00:12:05", "end": "00:12:10", "text": "potential is what's happening now with"}, {"start": "00:12:08", "end": "00:12:12", "text": "Trump coins world liberty finance uh"}, {"start": "00:12:10", "end": "00:12:14", "text": "with their lending protocols with their"}, {"start": "00:12:12", "end": "00:12:16", "text": "defi and things like that. There is a"}, {"start": "00:12:14", "end": "00:12:18", "text": "big conflict now between world liberty"}, {"start": "00:12:16", "end": "00:12:22", "text": "finance and Justin Sun because Justin"}, {"start": "00:12:18", "end": "00:12:25", "text": "Sun is basically saying that uh uh Trump"}, {"start": "00:12:22", "end": "00:12:28", "text": "family is using world finance as a"}, {"start": "00:12:25", "end": "00:12:32", "text": "personal ATM. they're using uh crypto"}, {"start": "00:12:28", "end": "00:12:34", "text": "industry as a personal ATM and u yeah"}, {"start": "00:12:32", "end": "00:12:36", "text": "he's he's saying I'm calling on board"}, {"start": "00:12:34", "end": "00:12:39", "text": "finance to publicly disclose who"}, {"start": "00:12:36", "end": "00:12:41", "text": "controls the single guardian uh address"}, {"start": "00:12:39", "end": "00:12:44", "text": "and the three out of five multisig that"}, {"start": "00:12:41", "end": "00:12:45", "text": "govern the smart contract early investor"}, {"start": "00:12:44", "end": "00:12:46", "text": "has the right to know who holds the"}, {"start": "00:12:45", "end": "00:12:49", "text": "power to freeze assets by the way they"}, {"start": "00:12:46", "end": "00:12:51", "text": "froze a lot of his assets a lot of his"}, {"start": "00:12:49", "end": "00:12:52", "text": "assets here is from bant a summary of"}, {"start": "00:12:51", "end": "00:12:54", "text": "what's happening the original token was"}, {"start": "00:12:52", "end": "00:12:56", "text": "deployed in September it had no freezing"}, {"start": "00:12:54", "end": "00:13:00", "text": "function then they added freezing"}, {"start": "00:12:56", "end": "00:13:02", "text": "function. Then they have frozen tens of"}, {"start": "00:13:00", "end": "00:13:05", "text": "millions if not hundreds of millions of"}, {"start": "00:13:02", "end": "00:13:09", "text": "Justin Sun and now there is this public"}, {"start": "00:13:05", "end": "00:13:11", "text": "public battle between Justin Sun and uh"}, {"start": "00:13:09", "end": "00:13:13", "text": "and vulnerability finance because here's"}, {"start": "00:13:11", "end": "00:13:14", "text": "what he said a few days ago. I have"}, {"start": "00:13:13", "end": "00:13:17", "text": "always been an ardent supporter of"}, {"start": "00:13:14", "end": "00:13:18", "text": "President Trump and his crypto friendly"}, {"start": "00:13:17", "end": "00:13:21", "text": "policy. you can read yourself. But"}, {"start": "00:13:18", "end": "00:13:24", "text": "basically then he says they added the"}, {"start": "00:13:21", "end": "00:13:26", "text": "freezing function and um u it went from"}, {"start": "00:13:24", "end": "00:13:28", "text": "a decentralized platform to something"}, {"start": "00:13:26", "end": "00:13:30", "text": "else. What was never disclosed to me or"}, {"start": "00:13:28", "end": "00:13:32", "text": "any investor is that world finance"}, {"start": "00:13:30", "end": "00:13:34", "text": "embedded a backdoor blacklisting"}, {"start": "00:13:32", "end": "00:13:36", "text": "function that they start to use. Every"}, {"start": "00:13:34", "end": "00:13:38", "text": "action taken by the world world finance"}, {"start": "00:13:36", "end": "00:13:41", "text": "team to extract the fees from users to"}, {"start": "00:13:38", "end": "00:13:43", "text": "secretly implant back doors to use the"}, {"start": "00:13:41", "end": "00:13:45", "text": "community as personal ATM. All of his"}, {"start": "00:13:43", "end": "00:13:47", "text": "actions are illegitimate and were never"}, {"start": "00:13:45", "end": "00:13:50", "text": "authorized by any fair, transparent or"}, {"start": "00:13:47", "end": "00:13:52", "text": "good faith community governance process."}, {"start": "00:13:50", "end": "00:13:55", "text": "So many people also don't like Justin"}, {"start": "00:13:52", "end": "00:13:57", "text": "Sun. They think that the Tron is this"}, {"start": "00:13:55", "end": "00:13:59", "text": "and that Tron is a scam. But you just"}, {"start": "00:13:57", "end": "00:14:01", "text": "have to look at the chart to see for"}, {"start": "00:13:59", "end": "00:14:03", "text": "yourself. I think that's that that's"}, {"start": "00:14:01", "end": "00:14:05", "text": "important. I mean the charts they they"}, {"start": "00:14:03", "end": "00:14:07", "text": "speak for themselves. You look at the"}, {"start": "00:14:05", "end": "00:14:08", "text": "Tron chart, it's super strong. And by"}, {"start": "00:14:07", "end": "00:14:10", "text": "the way, I have no Tron. I don't have"}, {"start": "00:14:08", "end": "00:14:11", "text": "any Tron. I have no altcoins since"}, {"start": "00:14:10", "end": "00:14:12", "text": "October. Since October, I have zero"}, {"start": "00:14:11", "end": "00:14:15", "text": "altcoins. I have no financial interest"}, {"start": "00:14:12", "end": "00:14:16", "text": "in speaking about Tron, but you see"}, {"start": "00:14:15", "end": "00:14:19", "text": "yourself that Tron is one of the"}, {"start": "00:14:16", "end": "00:14:22", "text": "strongest charts despite what, you know,"}, {"start": "00:14:19", "end": "00:14:23", "text": "ETH podcast boys or ETH maxes, Bitcoin"}, {"start": "00:14:22", "end": "00:14:25", "text": "max, I mean, they've all been calling"}, {"start": "00:14:23", "end": "00:14:27", "text": "Tron a scam, but it's one of the few"}, {"start": "00:14:25", "end": "00:14:29", "text": "coins that actually have been able to"}, {"start": "00:14:27", "end": "00:14:31", "text": "perform so so great. Then of course you"}, {"start": "00:14:29", "end": "00:14:33", "text": "look at world finance down and down. You"}, {"start": "00:14:31", "end": "00:14:35", "text": "look at other things that have crowded"}, {"start": "00:14:33", "end": "00:14:38", "text": "themselves in fundamentals. Look at for"}, {"start": "00:14:35", "end": "00:14:41", "text": "example, DOT. DOT is fully obliterated"}, {"start": "00:14:38", "end": "00:14:43", "text": "kind of going to new all-time low right"}, {"start": "00:14:41", "end": "00:14:45", "text": "now. It's actually breaking down and of"}, {"start": "00:14:43", "end": "00:14:48", "text": "course if you have listened to the pride"}, {"start": "00:14:45", "end": "00:14:50", "text": "that these communities have uh about the"}, {"start": "00:14:48", "end": "00:14:52", "text": "tech and this that then you look at the"}, {"start": "00:14:50", "end": "00:14:54", "text": "chart and for comparison this is the"}, {"start": "00:14:52", "end": "00:14:56", "text": "Tron chart. Okay, for comparison just so"}, {"start": "00:14:54", "end": "00:14:58", "text": "we know what we're talking about. This"}, {"start": "00:14:56", "end": "00:15:01", "text": "is the Tron chart for comparison and"}, {"start": "00:14:58", "end": "00:15:04", "text": "this is the uh it's like inverted"}, {"start": "00:15:01", "end": "00:15:05", "text": "inverted chart. Uh yeah, you see that's"}, {"start": "00:15:04", "end": "00:15:08", "text": "why again fundamentals will not save"}, {"start": "00:15:05", "end": "00:15:09", "text": "you. Only price trend will save you. So"}, {"start": "00:15:08", "end": "00:15:10", "text": "DOT is breaking down. I mean literally"}, {"start": "00:15:09", "end": "00:15:13", "text": "it's going to be price is coverage to"}, {"start": "00:15:10", "end": "00:15:15", "text": "the downside. ADA very similar. They're"}, {"start": "00:15:13", "end": "00:15:16", "text": "so proud of their coin. So proud of the"}, {"start": "00:15:15", "end": "00:15:18", "text": "fundamentals. So proud. I don't know"}, {"start": "00:15:16", "end": "00:15:20", "text": "what hell they're proud but it's"}, {"start": "00:15:18", "end": "00:15:23", "text": "breaking down guys. It's breaking down."}, {"start": "00:15:20", "end": "00:15:24", "text": "Should it uh break down, which it kind"}, {"start": "00:15:23", "end": "00:15:27", "text": "of wants to do right now. You have a"}, {"start": "00:15:24", "end": "00:15:30", "text": "very nice short here of 30%. 30 36%"}, {"start": "00:15:27", "end": "00:15:32", "text": "until this le level right here, which"}, {"start": "00:15:30", "end": "00:15:34", "text": "which may serve as support. So let's see"}, {"start": "00:15:32", "end": "00:15:37", "text": "what's going to happen there. But not"}, {"start": "00:15:34", "end": "00:15:40", "text": "looking good. So yet again, look at the"}, {"start": "00:15:37", "end": "00:15:44", "text": "chart. Don't look that much on the on"}, {"start": "00:15:40", "end": "00:15:47", "text": "the narrative. And u you have some kind"}, {"start": "00:15:44", "end": "00:15:49", "text": "of black black swan possibility with"}, {"start": "00:15:47", "end": "00:15:51", "text": "either water finance or something else."}, {"start": "00:15:49", "end": "00:15:54", "text": "Again, I don't want to discuss that too"}, {"start": "00:15:51", "end": "00:15:56", "text": "much before they happen because at this"}, {"start": "00:15:54", "end": "00:15:57", "text": "point we don't see any clear signs."}, {"start": "00:15:56", "end": "00:15:59", "text": "There are no like super clear signs. We"}, {"start": "00:15:57", "end": "00:16:00", "text": "just have to see in case something"}, {"start": "00:15:59", "end": "00:16:02", "text": "happens, in case something starts"}, {"start": "00:16:00", "end": "00:16:04", "text": "unraveling, then we react. And we also"}, {"start": "00:16:02", "end": "00:16:06", "text": "know that it's a big bottom. If"}, {"start": "00:16:04", "end": "00:16:09", "text": "something black happens, it's a bottom,"}, {"start": "00:16:06", "end": "00:16:11", "text": "bottom, bottom, bottom, bottom. FCX was"}, {"start": "00:16:09", "end": "00:16:15", "text": "the bottom. Something bad happens, don't"}, {"start": "00:16:11", "end": "00:16:18", "text": "be sad, don't worry, be happy. It is the"}, {"start": "00:16:15", "end": "00:16:19", "text": "bottom. The riskreward is very nice when"}, {"start": "00:16:18", "end": "00:16:21", "text": "you have such a scenario. So guys, yet"}, {"start": "00:16:19", "end": "00:16:23", "text": "again, happy Monday. Big shout out to"}, {"start": "00:16:21", "end": "00:16:25", "text": "you for being here. Our community has"}, {"start": "00:16:23", "end": "00:16:27", "text": "been very strong. actually has been"}, {"start": "00:16:25", "end": "00:16:29", "text": "growing despite everything that's"}, {"start": "00:16:27", "end": "00:16:30", "text": "happening. We have more new people"}, {"start": "00:16:29", "end": "00:16:32", "text": "coming. Why? Because we have the"}, {"start": "00:16:30", "end": "00:16:34", "text": "capital. We have been able to survive"}, {"start": "00:16:32", "end": "00:16:36", "text": "this. At the same time, as many people"}, {"start": "00:16:34", "end": "00:16:38", "text": "leave crypto, you are here. You're here"}, {"start": "00:16:36", "end": "00:16:41", "text": "every day. And that's exactly exactly"}, {"start": "00:16:38", "end": "00:16:43", "text": "how it should be. Uh follow the channel,"}, {"start": "00:16:41", "end": "00:16:44", "text": "subscribe, go to Twitter, follow on"}, {"start": "00:16:43", "end": "00:16:46", "text": "Twitter as well because the market is"}, {"start": "00:16:44", "end": "00:16:48", "text": "changing very fast. We'll be uh reacting"}, {"start": "00:16:46", "end": "00:16:49", "text": "real time on Twitter. And here we're"}, {"start": "00:16:48", "end": "00:16:51", "text": "going to be back tomorrow. We're"}, {"start": "00:16:49", "end": "00:16:53", "text": "monitoring the Bitcoin chart. Should we"}, {"start": "00:16:51", "end": "00:16:54", "text": "break up? Should we break down? We're"}, {"start": "00:16:53", "end": "00:16:56", "text": "monitoring oil. We're monitoring"}, {"start": "00:16:54", "end": "00:16:58", "text": "everything. And we're happy to have you"}, {"start": "00:16:56", "end": "00:17:00", "text": "here. I'm so happy to have you here."}, {"start": "00:16:58", "end": "00:17:04", "text": "Subscribe. Smash the bell. And goodbye,"}, {"start": "00:17:00", "end": "00:17:04", "text": "guys. Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "There was a bit of drama with the World"}, {"start": "00:00:02", "end": "00:00:07", "text": "Liberty Finance, uh the Trump coin."}, {"start": "00:00:04", "end": "00:00:09", "text": "Apparently, they uh took their own coin,"}, {"start": "00:00:07", "end": "00:00:11", "text": "which they can print. So, they printed 5"}, {"start": "00:00:09", "end": "00:00:13", "text": "billion of their own coin and then"}, {"start": "00:00:11", "end": "00:00:15", "text": "deposited into a lending protocol. But,"}, {"start": "00:00:13", "end": "00:00:16", "text": "the thing is, if you can print infinite"}, {"start": "00:00:15", "end": "00:00:18", "text": "amount of your shitcoin,"}, {"start": "00:00:16", "end": "00:00:20", "text": "you deposit, you can get back maybe 3"}, {"start": "00:00:18", "end": "00:00:21", "text": "billion real USDC. So, I guess when"}, {"start": "00:00:20", "end": "00:00:23", "text": "someone is [clears throat] borrowing"}, {"start": "00:00:21", "end": "00:00:26", "text": "this much, they withdraw all of the"}, {"start": "00:00:23", "end": "00:00:28", "text": "stable coins in the pool and then no one"}, {"start": "00:00:26", "end": "00:00:28", "text": "else can withdraw."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "When I lost a lot of money in the"}, {"start": "00:00:01", "end": "00:00:05", "text": "market, like a lot. All right, during"}, {"start": "00:00:03", "end": "00:00:07", "text": "the bull market, I watched other traders"}, {"start": "00:00:05", "end": "00:00:09", "text": "around me start spending. They were"}, {"start": "00:00:07", "end": "00:00:11", "text": "buying Rolex watches, Patek Philippe,"}, {"start": "00:00:09", "end": "00:00:13", "text": "timepieces worth tens of thousands and"}, {"start": "00:00:11", "end": "00:00:15", "text": "some hundreds of thousands. Not me. I"}, {"start": "00:00:13", "end": "00:00:16", "text": "never spent anything. Every profit went"}, {"start": "00:00:15", "end": "00:00:18", "text": "to right back into a portfolio. I"}, {"start": "00:00:16", "end": "00:00:20", "text": "watched that number climb and thought,"}, {"start": "00:00:18", "end": "00:00:22", "text": "\"Why would I take money out now? It's"}, {"start": "00:00:20", "end": "00:00:25", "text": "just going to keep growing. I'll spend"}, {"start": "00:00:22", "end": "00:00:25", "text": "later when I have more.\""}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The oil price is at around 90. It has"}, {"start": "00:00:02", "end": "00:00:10", "text": "come down quite good, but we will have"}, {"start": "00:00:05", "end": "00:00:12", "text": "to go to 80s to 70s. Ideally to 60s for"}, {"start": "00:00:10", "end": "00:00:15", "text": "us to not face any recession. In case"}, {"start": "00:00:12", "end": "00:00:17", "text": "they get oil down, GSG will drop. GSG is"}, {"start": "00:00:15", "end": "00:00:18", "text": "a commodity index we follow. If this"}, {"start": "00:00:17", "end": "00:00:21", "text": "drops, then stocks likely going to go"}, {"start": "00:00:18", "end": "00:00:21", "text": "into bull trend."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "S&P is as now testing the bull flip. In"}, {"start": "00:00:04", "end": "00:00:09", "text": "in if it goes bull here, it closes the"}, {"start": "00:00:06", "end": "00:00:11", "text": "week above the bull flip level. This"}, {"start": "00:00:09", "end": "00:00:13", "text": "would be quite big because basically"}, {"start": "00:00:11", "end": "00:00:14", "text": "then we have the all-time high as the"}, {"start": "00:00:13", "end": "00:00:16", "text": "next resistance and then it's price"}, {"start": "00:00:14", "end": "00:00:19", "text": "discovery. The light is at the end of"}, {"start": "00:00:16", "end": "00:00:22", "text": "the tunnel for stocks if we don't see"}, {"start": "00:00:19", "end": "00:00:25", "text": "any kind of moves with the geopolitics"}, {"start": "00:00:22", "end": "00:00:25", "text": "that just changes it."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "If you bought the Trump crypto project,"}, {"start": "00:00:01", "end": "00:00:05", "text": "you're probably furious right now. World"}, {"start": "00:00:03", "end": "00:00:07", "text": "Liberty 5 just finally gave the details"}, {"start": "00:00:05", "end": "00:00:10", "text": "if you participated in the pre-sale. All"}, {"start": "00:00:07", "end": "00:00:12", "text": "17 billion of the early supporter tokens"}, {"start": "00:00:10", "end": "00:00:13", "text": "moved to a 2-year cliff. What that means"}, {"start": "00:00:12", "end": "00:00:15", "text": "is if you participated in the pre-sale,"}, {"start": "00:00:13", "end": "00:00:17", "text": "you can't sell until this 2-year cliff"}, {"start": "00:00:15", "end": "00:00:19", "text": "is over. But, there's a catch. After the"}, {"start": "00:00:17", "end": "00:00:21", "text": "2-year wait, it will take you 2 years to"}, {"start": "00:00:19", "end": "00:00:23", "text": "get all the tokens, meaning 4 years"}, {"start": "00:00:21", "end": "00:00:25", "text": "altogether. And that's probably not even"}, {"start": "00:00:23", "end": "00:00:27", "text": "the worst part. The holders are voting"}, {"start": "00:00:25", "end": "00:00:29", "text": "on this proposal, but if you do not"}, {"start": "00:00:27", "end": "00:00:31", "text": "accept the new schedule, your tokens"}, {"start": "00:00:29", "end": "00:00:33", "text": "could be indefinitely locked under the"}, {"start": "00:00:31", "end": "00:00:36", "text": "existing terms. That means you may never"}, {"start": "00:00:33", "end": "00:00:36", "text": "get them."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Big news. The World Liberty Financial"}, {"start": "00:00:02", "end": "00:00:08", "text": "token sale is now live. Crypto is the"}, {"start": "00:00:06", "end": "00:00:11", "text": "future. Let's embrace this incredible"}, {"start": "00:00:08", "end": "00:00:12", "text": "technology and lead the world in digital"}, {"start": "00:00:11", "end": "00:00:15", "text": "economy. Go to"}, {"start": "00:00:12", "end": "00:00:17", "text": "worldlibertyfinancial.com."}, {"start": "00:00:15", "end": "00:00:19", "text": "I want you to picture this. Imagine"}, {"start": "00:00:17", "end": "00:00:21", "text": "you're sitting at home scrolling through"}, {"start": "00:00:19", "end": "00:00:23", "text": "X late at night and you stumble across"}, {"start": "00:00:21", "end": "00:00:25", "text": "what looks like a confession from an"}, {"start": "00:00:23", "end": "00:00:28", "text": "inside time machine. A guy calling"}, {"start": "00:00:25", "end": "00:00:31", "text": "himself a Web 3 World Liberty Fi"}, {"start": "00:00:28", "end": "00:00:32", "text": "ambassador. just laid it all out in a"}, {"start": "00:00:31", "end": "00:00:35", "text": "long thread that looks like a comedy"}, {"start": "00:00:32", "end": "00:00:37", "text": "written from someone who's been finally"}, {"start": "00:00:35", "end": "00:00:39", "text": "to the point where they've had enough. I"}, {"start": "00:00:37", "end": "00:00:42", "text": "read through this thread two times and"}, {"start": "00:00:39", "end": "00:00:44", "text": "then I had to read it again because what"}, {"start": "00:00:42", "end": "00:00:46", "text": "he's describing isn't some conspiracy"}, {"start": "00:00:44", "end": "00:00:49", "text": "theory cooked up in the basement. This"}, {"start": "00:00:46", "end": "00:00:52", "text": "is a list of public facts, onchain"}, {"start": "00:00:49", "end": "00:00:54", "text": "records, SEC filings, and White House"}, {"start": "00:00:52", "end": "00:00:57", "text": "executive orders, and mainstream"}, {"start": "00:00:54", "end": "00:01:00", "text": "reports, all strung together with the"}, {"start": "00:00:57", "end": "00:01:03", "text": "same dead pan punchline. These events"}, {"start": "00:01:00", "end": "00:01:06", "text": "are unrelated. This thread started off"}, {"start": "00:01:03", "end": "00:01:08", "text": "simple. Hello, I'm a web 3 ambassador"}, {"start": "00:01:06", "end": "00:01:10", "text": "for World LibertyFi. And then he begins"}, {"start": "00:01:08", "end": "00:01:13", "text": "to walk you straight into the family"}, {"start": "00:01:10", "end": "00:01:15", "text": "portrait of the Trump dynasty. Donald"}, {"start": "00:01:13", "end": "00:01:19", "text": "Trump listed as the chief crypto"}, {"start": "00:01:15", "end": "00:01:21", "text": "advocate, Don Jr. and Eric Trump as web3"}, {"start": "00:01:19", "end": "00:01:24", "text": "ambassadors, and of course, Baron Trump"}, {"start": "00:01:21", "end": "00:01:26", "text": "is their D5 visionary. Right beside"}, {"start": "00:01:24", "end": "00:01:28", "text": "them, the White Coff boys, and of"}, {"start": "00:01:26", "end": "00:01:31", "text": "course, their dad, Steve, the Middle"}, {"start": "00:01:28", "end": "00:01:33", "text": "East envoy. We have four Trumps, three"}, {"start": "00:01:31", "end": "00:01:36", "text": "Wit Coffs, all smiling, the official"}, {"start": "00:01:33", "end": "00:01:38", "text": "meet our tame page like it's the most"}, {"start": "00:01:36", "end": "00:01:41", "text": "normal thing in the world. Of course,"}, {"start": "00:01:38", "end": "00:01:43", "text": "nothing to see here. The ugly punchline"}, {"start": "00:01:41", "end": "00:01:45", "text": "is since the last few weeks have rolled"}, {"start": "00:01:43", "end": "00:01:47", "text": "out and the controversy behind World"}, {"start": "00:01:45", "end": "00:01:50", "text": "Liberty Fi has taken a absolute"}, {"start": "00:01:47", "end": "00:01:53", "text": "firestorm across social media, they've"}, {"start": "00:01:50", "end": "00:01:55", "text": "actually deleted their team page. And of"}, {"start": "00:01:53", "end": "00:01:57", "text": "course, this is just a crypto project"}, {"start": "00:01:55", "end": "00:01:59", "text": "that happens to have the entire first"}, {"start": "00:01:57", "end": "00:02:02", "text": "family on the payroll. In the thread, he"}, {"start": "00:01:59", "end": "00:02:04", "text": "kept going. It gets much, much worse."}, {"start": "00:02:02", "end": "00:02:07", "text": "This gets absolutely crazy when you"}, {"start": "00:02:04", "end": "00:02:09", "text": "start to look at the details. Of course,"}, {"start": "00:02:07", "end": "00:02:11", "text": "a simple crypto project that just"}, {"start": "00:02:09", "end": "00:02:14", "text": "happens to have the entire first family"}, {"start": "00:02:11", "end": "00:02:17", "text": "involved with it. Well, you know what?"}, {"start": "00:02:14", "end": "00:02:21", "text": "75% of this protocol's net revenue flows"}, {"start": "00:02:17", "end": "00:02:22", "text": "straight into DT Mark's DeFi LLC. Some"}, {"start": "00:02:21", "end": "00:02:25", "text": "might think that that's not a big deal,"}, {"start": "00:02:22", "end": "00:02:28", "text": "but this is a Trump family vehicle with"}, {"start": "00:02:25", "end": "00:02:30", "text": "zero capital put in, zero liability"}, {"start": "00:02:28", "end": "00:02:33", "text": "taken on, but they get three4ers of"}, {"start": "00:02:30", "end": "00:02:36", "text": "everything the stable coin and defy"}, {"start": "00:02:33", "end": "00:02:39", "text": "machine spits out. The gold paper says"}, {"start": "00:02:36", "end": "00:02:41", "text": "it in plain white and black ink. The"}, {"start": "00:02:39", "end": "00:02:43", "text": "same document that also hands them a"}, {"start": "00:02:41", "end": "00:02:46", "text": "massive token allocation for promotion"}, {"start": "00:02:43", "end": "00:02:48", "text": "and NIL rights. This is name, image, and"}, {"start": "00:02:46", "end": "00:02:51", "text": "likeness. The president of the United"}, {"start": "00:02:48", "end": "00:02:54", "text": "States is licensing his face to move"}, {"start": "00:02:51", "end": "00:02:57", "text": "crypto tokens. Then of course we move on"}, {"start": "00:02:54", "end": "00:03:00", "text": "to the Trump memecoin in this thread"}, {"start": "00:02:57", "end": "00:03:02", "text": "launched 3 days before the inauguration"}, {"start": "00:03:00", "end": "00:03:06", "text": "by entities tied to the family directly."}, {"start": "00:03:02", "end": "00:03:09", "text": "CIC Digital Fight Fight Fight LLC and"}, {"start": "00:03:06", "end": "00:03:14", "text": "they controlled 80% of the supply of"}, {"start": "00:03:09", "end": "00:03:16", "text": "this token. Six, seven, 800,000 wallets"}, {"start": "00:03:14", "end": "00:03:18", "text": "piled into this token. Family linked"}, {"start": "00:03:16", "end": "00:03:21", "text": "wallets collected hundreds of millions"}, {"start": "00:03:18", "end": "00:03:23", "text": "of dollars in trading fees while the"}, {"start": "00:03:21", "end": "00:03:26", "text": "price well it cratered and irregular"}, {"start": "00:03:23", "end": "00:03:28", "text": "Americans lost 2 to3 billion dollar. Of"}, {"start": "00:03:26", "end": "00:03:30", "text": "course, the ambassador just shrugs this"}, {"start": "00:03:28", "end": "00:03:33", "text": "off. Of course, these events are"}, {"start": "00:03:30", "end": "00:03:35", "text": "unrelated. He says, \"I am the reason"}, {"start": "00:03:33", "end": "00:03:38", "text": "these events are unrelated.\" And he"}, {"start": "00:03:35", "end": "00:03:41", "text": "doesn't stop there. Justin's son dropped"}, {"start": "00:03:38", "end": "00:03:44", "text": "75 million into World Liberty. He became"}, {"start": "00:03:41", "end": "00:03:46", "text": "an ambassador and then all of a sudden"}, {"start": "00:03:44", "end": "00:03:49", "text": "he watched the SEC case against him"}, {"start": "00:03:46", "end": "00:03:52", "text": "magically settle for pocket change right"}, {"start": "00:03:49", "end": "00:03:54", "text": "after the election. CZ, the Binance"}, {"start": "00:03:52", "end": "00:03:56", "text": "founder who pleaded guilty to money"}, {"start": "00:03:54", "end": "00:03:58", "text": "laundering violations. And of course,"}, {"start": "00:03:56", "end": "00:04:01", "text": "the BitMX founder Arthur Hayes and the"}, {"start": "00:03:58", "end": "00:04:03", "text": "rest, same exact story. pardoned like it"}, {"start": "00:04:01", "end": "00:04:07", "text": "was a parking ticket. Now, here's the"}, {"start": "00:04:03", "end": "00:04:11", "text": "big one. Shik Tanun bin Zed and the"}, {"start": "00:04:07", "end": "00:04:14", "text": "entities wired 500 million for a 49%"}, {"start": "00:04:11", "end": "00:04:15", "text": "stake in World Liberty Fi 4 days before"}, {"start": "00:04:14", "end": "00:04:18", "text": "inauguration."}, {"start": "00:04:15", "end": "00:04:20", "text": "Half of it reportedly flowed right into"}, {"start": "00:04:18", "end": "00:04:23", "text": "Trump and Witco entities. Weeks later,"}, {"start": "00:04:20", "end": "00:04:26", "text": "the US suddenly approved a sensitive"}, {"start": "00:04:23", "end": "00:04:28", "text": "chip export deal to the Shiks companies"}, {"start": "00:04:26", "end": "00:04:30", "text": "that national security had actually"}, {"start": "00:04:28", "end": "00:04:32", "text": "blocked for years leading up to this"}, {"start": "00:04:30", "end": "00:04:35", "text": "event. And of course, the ambassador"}, {"start": "00:04:32", "end": "00:04:37", "text": "writing this lengthy write up makes this"}, {"start": "00:04:35", "end": "00:04:40", "text": "known that this is obviously just a"}, {"start": "00:04:37", "end": "00:04:42", "text": "coincidence and totally unrelated. He"}, {"start": "00:04:40", "end": "00:04:44", "text": "even throws in the strategic Bitcoin"}, {"start": "00:04:42", "end": "00:04:46", "text": "reserve executive order that was signed"}, {"start": "00:04:44", "end": "00:04:48", "text": "in March of 2025. The government starts"}, {"start": "00:04:46", "end": "00:04:51", "text": "hoarding Bitcoin from forfeitures."}, {"start": "00:04:48", "end": "00:04:54", "text": "Family wallets already heavy in Bitcoin"}, {"start": "00:04:51", "end": "00:04:56", "text": "watched the price skyrocket and Trump"}, {"start": "00:04:54", "end": "00:05:00", "text": "media his own Bitcoin treasury began to"}, {"start": "00:04:56", "end": "00:05:03", "text": "pump again. All unrelated. And now just"}, {"start": "00:05:00", "end": "00:05:06", "text": "a few days ago on April 15th, World"}, {"start": "00:05:03", "end": "00:05:10", "text": "Liberty Fi dropped the latest chapter."}, {"start": "00:05:06", "end": "00:05:12", "text": "17 billion plus early supporter tokens,"}, {"start": "00:05:10", "end": "00:05:14", "text": "the ones regular people bought at"}, {"start": "00:05:12", "end": "00:05:16", "text": "launch, get a brand new vesting"}, {"start": "00:05:14", "end": "00:05:19", "text": "schedule. Sounds great, right? Well, you"}, {"start": "00:05:16", "end": "00:05:22", "text": "got to read the details, folks. This has"}, {"start": "00:05:19", "end": "00:05:24", "text": "a 2-year cliff, a 2-year linear vest,"}, {"start": "00:05:22", "end": "00:05:27", "text": "and you have to affirmatively click"}, {"start": "00:05:24", "end": "00:05:30", "text": "accept or your tokens are going to stay"}, {"start": "00:05:27", "end": "00:05:34", "text": "locked under terms forever. Investors in"}, {"start": "00:05:30", "end": "00:05:37", "text": "this have absolutely gone haywire on X,"}, {"start": "00:05:34", "end": "00:05:38", "text": "highlighting the scam under the curtain."}, {"start": "00:05:37", "end": "00:05:40", "text": "And of course, the ambassador would"}, {"start": "00:05:38", "end": "00:05:43", "text": "probably type this with a straight face."}, {"start": "00:05:40", "end": "00:05:45", "text": "You can sell right after President Trump"}, {"start": "00:05:43", "end": "00:05:49", "text": "leaves office in 2029."}, {"start": "00:05:45", "end": "00:05:52", "text": "or you can stay hostage. Your choice."}, {"start": "00:05:49", "end": "00:05:54", "text": "The replies on X are calling it exactly"}, {"start": "00:05:52", "end": "00:05:57", "text": "that, a hostage situation. Accept the"}, {"start": "00:05:54", "end": "00:05:59", "text": "New Deal or watch your money sit in a"}, {"start": "00:05:57", "end": "00:06:01", "text": "digital prison where you have to wait"}, {"start": "00:05:59", "end": "00:06:03", "text": "for the next administration to roll out"}, {"start": "00:06:01", "end": "00:06:05", "text": "before you can actually see any sort of"}, {"start": "00:06:03", "end": "00:06:08", "text": "investment come back to you. These"}, {"start": "00:06:05", "end": "00:06:10", "text": "events, of course, I'm sure, are all"}, {"start": "00:06:08", "end": "00:06:12", "text": "unrelated. But he ends the thread, the"}, {"start": "00:06:10", "end": "00:06:15", "text": "only way someone who's watched the whole"}, {"start": "00:06:12", "end": "00:06:18", "text": "Grift unfold can end it. I am a World"}, {"start": "00:06:15", "end": "00:06:21", "text": "Liberty Web 3 ambassador. I am the"}, {"start": "00:06:18", "end": "00:06:24", "text": "reason these events are unrelated."}, {"start": "00:06:21", "end": "00:06:27", "text": "America first. But guess what? You're"}, {"start": "00:06:24", "end": "00:06:29", "text": "America. They're first. Now, let me ask"}, {"start": "00:06:27", "end": "00:06:31", "text": "you something. And I want you to really"}, {"start": "00:06:29", "end": "00:06:34", "text": "think about this. When did we decide"}, {"start": "00:06:31", "end": "00:06:37", "text": "that it was okay? When did we decide"}, {"start": "00:06:34", "end": "00:06:39", "text": "that the same family running the country"}, {"start": "00:06:37", "end": "00:06:42", "text": "could also run the largest crypto"}, {"start": "00:06:39", "end": "00:06:44", "text": "revenue machine in history? They collect"}, {"start": "00:06:42", "end": "00:06:46", "text": "three quarters of the profits. hand out"}, {"start": "00:06:44", "end": "00:06:49", "text": "pardons to the exact people who now do"}, {"start": "00:06:46", "end": "00:06:51", "text": "business with the project, take half a"}, {"start": "00:06:49", "end": "00:06:53", "text": "billion dollar checks from foreign"}, {"start": "00:06:51", "end": "00:06:55", "text": "sovereign wealth funds days before"}, {"start": "00:06:53", "end": "00:06:58", "text": "taking office, and then lock up the"}, {"start": "00:06:55", "end": "00:07:00", "text": "little guy's tokens until the day Donald"}, {"start": "00:06:58", "end": "00:07:02", "text": "Trump is done being president. The"}, {"start": "00:07:00", "end": "00:07:04", "text": "powers that be call this a vertical"}, {"start": "00:07:02", "end": "00:07:06", "text": "integration. They call it crypto"}, {"start": "00:07:04", "end": "00:07:09", "text": "leadership. They call this America"}, {"start": "00:07:06", "end": "00:07:11", "text": "first. I have to sit here and be honest"}, {"start": "00:07:09", "end": "00:07:13", "text": "with you folks. I call this one of the"}, {"start": "00:07:11", "end": "00:07:15", "text": "most naked, shameless, in-your-face"}, {"start": "00:07:13", "end": "00:07:17", "text": "influence machines I've seen in my"}, {"start": "00:07:15", "end": "00:07:21", "text": "entire lifetime. And every single piece"}, {"start": "00:07:17", "end": "00:07:23", "text": "of this is documented onchain in SEC"}, {"start": "00:07:21", "end": "00:07:25", "text": "filings and in news reports from outlets"}, {"start": "00:07:23", "end": "00:07:27", "text": "that normally bend over backwards to"}, {"start": "00:07:25", "end": "00:07:30", "text": "protect this administration. None of"}, {"start": "00:07:27", "end": "00:07:32", "text": "this is staying hidden. They just dare"}, {"start": "00:07:30", "end": "00:07:34", "text": "you to take notice to it. And the"}, {"start": "00:07:32", "end": "00:07:36", "text": "ambassador's thread isn't leaking"}, {"start": "00:07:34", "end": "00:07:39", "text": "secrets. It's holding up a mirror. And"}, {"start": "00:07:36", "end": "00:07:42", "text": "its reflection is very, very ugly. It"}, {"start": "00:07:39", "end": "00:07:44", "text": "shows you exactly how power works. Now,"}, {"start": "00:07:42", "end": "00:07:46", "text": "the very same people who lecture us"}, {"start": "00:07:44", "end": "00:07:49", "text": "about democracy and the rule of law are"}, {"start": "00:07:46", "end": "00:07:51", "text": "treating the presidency like a family"}, {"start": "00:07:49", "end": "00:07:54", "text": "crypto ATM with a four-year vesting"}, {"start": "00:07:51", "end": "00:07:56", "text": "schedule attached to it. So, the next"}, {"start": "00:07:54", "end": "00:07:58", "text": "time someone begins to tell you it's all"}, {"start": "00:07:56", "end": "00:08:00", "text": "unrelated, this is all simply a"}, {"start": "00:07:58", "end": "00:08:03", "text": "coincidence, remember the ambassador's"}, {"start": "00:08:00", "end": "00:08:06", "text": "words. Even though that this is laid out"}, {"start": "00:08:03", "end": "00:08:08", "text": "as a satire with the only injection of"}, {"start": "00:08:06", "end": "00:08:10", "text": "humor to make us actually look inward to"}, {"start": "00:08:08", "end": "00:08:12", "text": "look at the truth, he's telling you the"}, {"start": "00:08:10", "end": "00:08:14", "text": "truth with the information within it. He"}, {"start": "00:08:12", "end": "00:08:16", "text": "wrapped it in sarcasm so thick that"}, {"start": "00:08:14", "end": "00:08:18", "text": "you'd have to be willfully blind not to"}, {"start": "00:08:16", "end": "00:08:21", "text": "see this. And these events, of course,"}, {"start": "00:08:18", "end": "00:08:24", "text": "I'm sure are unrelated, just like the"}, {"start": "00:08:21", "end": "00:08:26", "text": "graph of the Salana chart right after"}, {"start": "00:08:24", "end": "00:08:29", "text": "Trump rolled out his memecoin. Now, as"}, {"start": "00:08:26", "end": "00:08:31", "text": "you can see on this Salana chart, one of"}, {"start": "00:08:29", "end": "00:08:33", "text": "the biggest altcoins in the market and"}, {"start": "00:08:31", "end": "00:08:36", "text": "the landing pad for where Trump launched"}, {"start": "00:08:33", "end": "00:08:38", "text": "his memecoin, the day that Trump"}, {"start": "00:08:36", "end": "00:08:42", "text": "launched his memecoin marked the exact"}, {"start": "00:08:38", "end": "00:08:44", "text": "top of Salana. It's been a vile downhill"}, {"start": "00:08:42", "end": "00:08:46", "text": "ride ever since then. And now we come to"}, {"start": "00:08:44", "end": "00:08:49", "text": "the final point where we're trying to"}, {"start": "00:08:46", "end": "00:08:51", "text": "defend oursel in a brutal bare market."}, {"start": "00:08:49", "end": "00:08:53", "text": "Now we have to ask ourself, is this"}, {"start": "00:08:51", "end": "00:08:56", "text": "graph just coincidence and these events"}, {"start": "00:08:53", "end": "00:08:59", "text": "are unrelated? Or did Trump's memecoin"}, {"start": "00:08:56", "end": "00:09:01", "text": "and his involvement in crypto mark the"}, {"start": "00:08:59", "end": "00:09:01", "text": "exact"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "What is Bitcoin dominance, and is it"}, {"start": "00:00:02", "end": "00:00:05", "text": "predicting alt season? And is there"}, {"start": "00:00:03", "end": "00:00:07", "text": "another chart that's even better at"}, {"start": "00:00:05", "end": "00:00:08", "text": "predicting alt seasons? And Bitcoin"}, {"start": "00:00:07", "end": "00:00:10", "text": "dominance is just when money leaves the"}, {"start": "00:00:08", "end": "00:00:13", "text": "Bitcoin ecosystem and finds [music] its"}, {"start": "00:00:10", "end": "00:00:14", "text": "way into Ethereum or other altcoins. And"}, {"start": "00:00:13", "end": "00:00:16", "text": "we're going to look at the Bitcoin"}, {"start": "00:00:14", "end": "00:00:18", "text": "dominance chart, as well as a different"}, {"start": "00:00:16", "end": "00:00:19", "text": "chart, and that's the others chart, and"}, {"start": "00:00:18", "end": "00:00:21", "text": "I'll explain that in a second. Now,"}, {"start": "00:00:19", "end": "00:00:23", "text": "Bitcoin dominance is a metric measuring"}, {"start": "00:00:21", "end": "00:00:26", "text": "Bitcoin's market cap as a percentage of"}, {"start": "00:00:23", "end": "00:00:28", "text": "the total cryptocurrency market cap. It"}, {"start": "00:00:26", "end": "00:00:30", "text": "indicates capital flow, or the money"}, {"start": "00:00:28", "end": "00:00:32", "text": "that flows between Bitcoin and altcoins."}, {"start": "00:00:30", "end": "00:00:34", "text": "And it acts as a market thermometer for"}, {"start": "00:00:32", "end": "00:00:35", "text": "investor sentiment. Now, when Bitcoin"}, {"start": "00:00:34", "end": "00:00:37", "text": "dominance is high, it usually means a"}, {"start": "00:00:35", "end": "00:00:39", "text": "flight to safety, and when Bitcoin"}, {"start": "00:00:37", "end": "00:00:42", "text": "dominance is low, it indicates higher"}, {"start": "00:00:39", "end": "00:00:44", "text": "risk appetite, aka alt season. And I"}, {"start": "00:00:42", "end": "00:00:47", "text": "love this graphic right here. When"}, {"start": "00:00:44", "end": "00:00:49", "text": "Bitcoin dominance increases, and Bitcoin"}, {"start": "00:00:47", "end": "00:00:50", "text": "price decreases, that's when you're"}, {"start": "00:00:49", "end": "00:00:53", "text": "going to see altcoins dump. But if"}, {"start": "00:00:50", "end": "00:00:55", "text": "Bitcoin dominance takes a dump, and"}, {"start": "00:00:53", "end": "00:00:56", "text": "Bitcoin price increases, that's when"}, {"start": "00:00:55", "end": "00:00:58", "text": "your altcoins pump. Let's go ahead and"}, {"start": "00:00:56", "end": "00:00:59", "text": "look at the Bitcoin dominance chart,"}, {"start": "00:00:58", "end": "00:01:01", "text": "then I'll share the chart that I think"}, {"start": "00:00:59", "end": "00:01:04", "text": "is even more accurate here. Now, signs"}, {"start": "00:01:01", "end": "00:01:05", "text": "for an alt season, aka Bitcoin dominance"}, {"start": "00:01:04", "end": "00:01:07", "text": "falling. So, let's talk about the"}, {"start": "00:01:05", "end": "00:01:09", "text": "scenario where Bitcoin dominance is"}, {"start": "00:01:07", "end": "00:01:11", "text": "going to fall. And we can zoom out here."}, {"start": "00:01:09", "end": "00:01:13", "text": "You can see right now, Bitcoin dominance"}, {"start": "00:01:11", "end": "00:01:15", "text": "roughly 59%."}, {"start": "00:01:13", "end": "00:01:18", "text": "Last cycle, this is 2019. This is going"}, {"start": "00:01:15", "end": "00:01:20", "text": "to be 2021 January. Bitcoin dominance"}, {"start": "00:01:18", "end": "00:01:22", "text": "was high as 74%, and when Bitcoin"}, {"start": "00:01:20", "end": "00:01:23", "text": "dominance did a little bit of a"}, {"start": "00:01:22", "end": "00:01:26", "text": "bloodbath here, Bitcoin dominance got as"}, {"start": "00:01:23", "end": "00:01:28", "text": "low as 38%. So, what's the argument for"}, {"start": "00:01:26", "end": "00:01:30", "text": "alt season, aka Bitcoin dominance"}, {"start": "00:01:28", "end": "00:01:32", "text": "falling? So, number one, we have 60%"}, {"start": "00:01:30", "end": "00:01:34", "text": "resistance. There is strong, strong"}, {"start": "00:01:32", "end": "00:01:36", "text": "resistance at 60%. You can see right"}, {"start": "00:01:34", "end": "00:01:38", "text": "here, we are knocking all against it,"}, {"start": "00:01:36", "end": "00:01:39", "text": "and I can throw down a horizontal line."}, {"start": "00:01:38", "end": "00:01:41", "text": "So, you can see a little more clearly."}, {"start": "00:01:39", "end": "00:01:44", "text": "Couldn't pass this range. And so, there"}, {"start": "00:01:41", "end": "00:01:45", "text": "there's a decent odds that we will"}, {"start": "00:01:44", "end": "00:01:47", "text": "reject from this range. You see, we"}, {"start": "00:01:45", "end": "00:01:49", "text": "tried to pass it there. You can go back"}, {"start": "00:01:47", "end": "00:01:51", "text": "multiple cycles."}, {"start": "00:01:49", "end": "00:01:53", "text": "And see the impact of 60% right here."}, {"start": "00:01:51", "end": "00:01:55", "text": "And so, this is this is a long this is"}, {"start": "00:01:53", "end": "00:01:57", "text": "weekly candles. This is a long holding"}, {"start": "00:01:55", "end": "00:01:58", "text": "number here. It's long been a line in"}, {"start": "00:01:57", "end": "00:02:02", "text": "the sand. So,"}, {"start": "00:01:58", "end": "00:02:04", "text": "60% we could see a rejection. Now, also"}, {"start": "00:02:02", "end": "00:02:06", "text": "sign for an alt season, aka this might"}, {"start": "00:02:04", "end": "00:02:08", "text": "break down daily bearish divergence."}, {"start": "00:02:06", "end": "00:02:11", "text": "Let's switch to the daily chart here."}, {"start": "00:02:08", "end": "00:02:14", "text": "Zooming in on the RSI."}, {"start": "00:02:11", "end": "00:02:16", "text": "You can see RSI heading lower as the"}, {"start": "00:02:14", "end": "00:02:18", "text": "price was heading higher."}, {"start": "00:02:16", "end": "00:02:20", "text": "This could be a a little bit of sign of"}, {"start": "00:02:18", "end": "00:02:21", "text": "a bearish divergence. So, just another"}, {"start": "00:02:20", "end": "00:02:24", "text": "sign that we might see a correction"}, {"start": "00:02:21", "end": "00:02:26", "text": "here. And last but not least, Clarity"}, {"start": "00:02:24", "end": "00:02:28", "text": "Act. If we pass the Clarity Act, it's"}, {"start": "00:02:26", "end": "00:02:31", "text": "bullish for all of crypto, but it's more"}, {"start": "00:02:28", "end": "00:02:34", "text": "bullish for DeFi and altcoins than it is"}, {"start": "00:02:31", "end": "00:02:36", "text": "Bitcoin. And Senator Tom Tillis says we"}, {"start": "00:02:34", "end": "00:02:39", "text": "could solve some of the disputes this"}, {"start": "00:02:36", "end": "00:02:40", "text": "week. So, non-zero percent chance"}, {"start": "00:02:39", "end": "00:02:43", "text": "Clarity Act is going to get some serious"}, {"start": "00:02:40", "end": "00:02:44", "text": "momentum. That is going to be not great"}, {"start": "00:02:43", "end": "00:02:47", "text": "for Bitcoin dominance, I think, in the"}, {"start": "00:02:44", "end": "00:02:48", "text": "long run. But let's also do the counter"}, {"start": "00:02:47", "end": "00:02:51", "text": "argument, and then I'll share the better"}, {"start": "00:02:48", "end": "00:02:54", "text": "chart in a second here. Now, signs for"}, {"start": "00:02:51", "end": "00:02:56", "text": "Bitcoin season, aka this number goes up."}, {"start": "00:02:54", "end": "00:02:58", "text": "Now, we broke a trend line, but"}, {"start": "00:02:56", "end": "00:03:00", "text": "everything in the parentheses is going"}, {"start": "00:02:58", "end": "00:03:02", "text": "to be a but. So, the but maybe we still"}, {"start": "00:03:00", "end": "00:03:04", "text": "get alt season. We broke the trend line,"}, {"start": "00:03:02", "end": "00:03:07", "text": "but it's a weak trend line."}, {"start": "00:03:04", "end": "00:03:09", "text": "We we just hit the top there."}, {"start": "00:03:07", "end": "00:03:11", "text": "This is the 10 10 wick."}, {"start": "00:03:09", "end": "00:03:13", "text": "A dubious wick. Maybe not even the best"}, {"start": "00:03:11", "end": "00:03:14", "text": "wick. Maybe even a wick we shouldn't be"}, {"start": "00:03:13", "end": "00:03:17", "text": "paying attention to."}, {"start": "00:03:14", "end": "00:03:19", "text": "If you hit the wick right there, you can"}, {"start": "00:03:17", "end": "00:03:22", "text": "see we we broke this resistance, but to"}, {"start": "00:03:19", "end": "00:03:24", "text": "me, it's a weak trend line. Dubious,"}, {"start": "00:03:22", "end": "00:03:26", "text": "dubious resistance. Number two,"}, {"start": "00:03:24", "end": "00:03:29", "text": "typically, you know, it reverses on"}, {"start": "00:03:26", "end": "00:03:31", "text": "three-day bull divs. Let me pull up the"}, {"start": "00:03:29", "end": "00:03:33", "text": "three-day chart. Let me pull up the RSI"}, {"start": "00:03:31", "end": "00:03:35", "text": "here. It's it's a slight, right? You can"}, {"start": "00:03:33", "end": "00:03:37", "text": "see the price slightly heading lower,"}, {"start": "00:03:35", "end": "00:03:39", "text": "slightly. But if you look at the bottoms"}, {"start": "00:03:37", "end": "00:03:41", "text": "here, the bottoms are heading slightly"}, {"start": "00:03:39", "end": "00:03:44", "text": "higher. So, you know, normally we do see"}, {"start": "00:03:41", "end": "00:03:46", "text": "a three-day bull div, you know, reverse"}, {"start": "00:03:44", "end": "00:03:49", "text": "a reversion here."}, {"start": "00:03:46", "end": "00:03:51", "text": "But, it could be a lower low next. But,"}, {"start": "00:03:49", "end": "00:03:53", "text": "so let me show you the but here."}, {"start": "00:03:51", "end": "00:03:57", "text": "That's not how I wanted to say that, but"}, {"start": "00:03:53", "end": "00:03:59", "text": "uh right here, same scenario potentially"}, {"start": "00:03:57", "end": "00:04:02", "text": "playing out. We have a bull div. You can"}, {"start": "00:03:59", "end": "00:04:04", "text": "see, you know, the making lower lows on"}, {"start": "00:04:02", "end": "00:04:06", "text": "the dominance here. RSI was making"}, {"start": "00:04:04", "end": "00:04:08", "text": "higher lows. We would end up doing"}, {"start": "00:04:06", "end": "00:04:11", "text": "another dump. We would end up doing"}, {"start": "00:04:08", "end": "00:04:12", "text": "another flush. So, potentially a lower"}, {"start": "00:04:11", "end": "00:04:15", "text": "low could be in the cards. This was a"}, {"start": "00:04:12", "end": "00:04:17", "text": "great time to hold altcoins. And in case"}, {"start": "00:04:15", "end": "00:04:18", "text": "you're wondering, let's just say look at"}, {"start": "00:04:17", "end": "00:04:20", "text": "ETH during this time. So, this is going"}, {"start": "00:04:18", "end": "00:04:22", "text": "to show you the power of Bitcoin"}, {"start": "00:04:20", "end": "00:04:23", "text": "dominance breaking down. This is"}, {"start": "00:04:22", "end": "00:04:27", "text": "December 6th"}, {"start": "00:04:23", "end": "00:04:28", "text": "to January 13th. December 6th to January"}, {"start": "00:04:27", "end": "00:04:32", "text": "13th."}, {"start": "00:04:28", "end": "00:04:33", "text": "December 6th. Oh, man. Oh, man. Right"}, {"start": "00:04:32", "end": "00:04:36", "text": "here,"}, {"start": "00:04:33", "end": "00:04:38", "text": "ETH is $400."}, {"start": "00:04:36", "end": "00:04:40", "text": "And, you know, we said December 16th,"}, {"start": "00:04:38", "end": "00:04:42", "text": "this is basically December 13th, January"}, {"start": "00:04:40", "end": "00:04:44", "text": "13th, rather."}, {"start": "00:04:42", "end": "00:04:47", "text": "$751."}, {"start": "00:04:44", "end": "00:04:49", "text": "That's a 189% pump in 37 days."}, {"start": "00:04:47", "end": "00:04:51", "text": "So, when you see these quick, quick"}, {"start": "00:04:49", "end": "00:04:53", "text": "moves, your altcoins could perform very,"}, {"start": "00:04:51", "end": "00:04:56", "text": "very well. And another reason we might"}, {"start": "00:04:53", "end": "00:04:58", "text": "see dominance to higher, high federal"}, {"start": "00:04:56", "end": "00:05:00", "text": "rates. We might see high fed rates. A"}, {"start": "00:04:58", "end": "00:05:01", "text": "lot of prediction markets are saying,"}, {"start": "00:05:00", "end": "00:05:03", "text": "you know, that the Fed is going to"}, {"start": "00:05:01", "end": "00:05:05", "text": "increase rates. Not typically good for"}, {"start": "00:05:03", "end": "00:05:07", "text": "altcoins. Typically, you know, you want"}, {"start": "00:05:05", "end": "00:05:10", "text": "to be a little bit less risky in that"}, {"start": "00:05:07", "end": "00:05:12", "text": "environment. However, the but but Trump"}, {"start": "00:05:10", "end": "00:05:13", "text": "wants lower rates. So,"}, {"start": "00:05:12", "end": "00:05:15", "text": "you know, there's definitely signs"}, {"start": "00:05:13", "end": "00:05:17", "text": "Bitcoin dominance can keep pumping, but"}, {"start": "00:05:15", "end": "00:05:19", "text": "I feel like every single one of these"}, {"start": "00:05:17", "end": "00:05:21", "text": "signs, there's definitely a however"}, {"start": "00:05:19", "end": "00:05:22", "text": "attached to it. Now, I said I'm going to"}, {"start": "00:05:21", "end": "00:05:24", "text": "show you the chart that's a better than"}, {"start": "00:05:22", "end": "00:05:26", "text": "Bitcoin dominance. To me, that's the"}, {"start": "00:05:24", "end": "00:05:30", "text": "others chart. This looks at every crypto"}, {"start": "00:05:26", "end": "00:05:32", "text": "except the top 10. In my opinion,"}, {"start": "00:05:30", "end": "00:05:33", "text": "Bitcoin dominance is slowly getting"}, {"start": "00:05:32", "end": "00:05:37", "text": "skewed. It's becoming less and less"}, {"start": "00:05:33", "end": "00:05:39", "text": "accurate. The reason why, USDC, USDT. If"}, {"start": "00:05:37", "end": "00:05:42", "text": "you do the others chart, it excludes"}, {"start": "00:05:39", "end": "00:05:45", "text": "USDC and USDT, because it has everything"}, {"start": "00:05:42", "end": "00:05:48", "text": "outside of the top 10. So, this to me is"}, {"start": "00:05:45", "end": "00:05:50", "text": "a better bellwether for altcoins, and"}, {"start": "00:05:48", "end": "00:05:51", "text": "you can also look at others.d, so you"}, {"start": "00:05:50", "end": "00:05:52", "text": "can see the the dominance percentage, as"}, {"start": "00:05:51", "end": "00:05:55", "text": "well."}, {"start": "00:05:52", "end": "00:05:58", "text": "This to me looks pretty bullish, in my"}, {"start": "00:05:55", "end": "00:06:00", "text": "opinion. Looking at the RSI, this is the"}, {"start": "00:05:58", "end": "00:06:02", "text": "weekly RSI we're looking at here. We got"}, {"start": "00:06:00", "end": "00:06:05", "text": "very, very close to generational"}, {"start": "00:06:02", "end": "00:06:07", "text": "oversold. We've only been that low a"}, {"start": "00:06:05", "end": "00:06:09", "text": "couple times before to a period right"}, {"start": "00:06:07", "end": "00:06:13", "text": "here. You see, we hit oversold, hit"}, {"start": "00:06:09", "end": "00:06:15", "text": "oversold. Altcoins, the the others, the"}, {"start": "00:06:13", "end": "00:06:17", "text": "altcoins outside the top 10, did"}, {"start": "00:06:15", "end": "00:06:18", "text": "phenomenal. Great time. Also, the other"}, {"start": "00:06:17", "end": "00:06:21", "text": "time we were really, really low was"}, {"start": "00:06:18", "end": "00:06:24", "text": "right here. So, also another oversold"}, {"start": "00:06:21", "end": "00:06:26", "text": "level. This is the bottom, basically."}, {"start": "00:06:24", "end": "00:06:28", "text": "Right there, the oversold level."}, {"start": "00:06:26", "end": "00:06:30", "text": "Right here at the oversold level, it"}, {"start": "00:06:28", "end": "00:06:32", "text": "would do one more extra low. But then"}, {"start": "00:06:30", "end": "00:06:34", "text": "that one is the absolute bottom. And if"}, {"start": "00:06:32", "end": "00:06:36", "text": "you look where we're at, we hit"}, {"start": "00:06:34", "end": "00:06:37", "text": "oversold. We got very, very close to"}, {"start": "00:06:36", "end": "00:06:38", "text": "those levels."}, {"start": "00:06:37", "end": "00:06:41", "text": "You know, definitely an argument that"}, {"start": "00:06:38", "end": "00:06:42", "text": "the others chart looking like it wants"}, {"start": "00:06:41", "end": "00:06:43", "text": "to pump."}, {"start": "00:06:42", "end": "00:06:44", "text": "But what about the last part of the"}, {"start": "00:06:43", "end": "00:06:46", "text": "equation, which is Bitcoin's price? Is"}, {"start": "00:06:44", "end": "00:06:49", "text": "it going to increase or decrease? Well,"}, {"start": "00:06:46", "end": "00:06:51", "text": "this historical metric says, uh we we"}, {"start": "00:06:49", "end": "00:06:53", "text": "have found the bottom. This historical"}, {"start": "00:06:51", "end": "00:06:55", "text": "metric looks at a previous all-time"}, {"start": "00:06:53", "end": "00:06:57", "text": "high. When it breaks the previous"}, {"start": "00:06:55", "end": "00:06:59", "text": "all-time high, how long does it take us"}, {"start": "00:06:57", "end": "00:07:01", "text": "to hit a low? And so, this is the peak"}, {"start": "00:06:59", "end": "00:07:04", "text": "to bottom right here."}, {"start": "00:07:01", "end": "00:07:05", "text": "And you can see we broke it right there."}, {"start": "00:07:04", "end": "00:07:06", "text": "You can"}, {"start": "00:07:05", "end": "00:07:09", "text": "you know, maybe a wick there, but"}, {"start": "00:07:06", "end": "00:07:11", "text": "basically 22 months later, 22 months"}, {"start": "00:07:09", "end": "00:07:13", "text": "later, that was a low. We break the"}, {"start": "00:07:11", "end": "00:07:16", "text": "previous all-time high. Go straight"}, {"start": "00:07:13", "end": "00:07:19", "text": "across. Found a low"}, {"start": "00:07:16", "end": "00:07:20", "text": "23 months later. We break the previous"}, {"start": "00:07:19", "end": "00:07:22", "text": "all-time high."}, {"start": "00:07:20", "end": "00:07:26", "text": "Go across."}, {"start": "00:07:22", "end": "00:07:28", "text": "We found a low 23 months later. So, 22,"}, {"start": "00:07:26", "end": "00:07:30", "text": "23 months later, you see a Bitcoin"}, {"start": "00:07:28", "end": "00:07:31", "text": "bottom. That may have been the bottom"}, {"start": "00:07:30", "end": "00:07:33", "text": "there. Of course, we're talking about"}, {"start": "00:07:31", "end": "00:07:34", "text": "the February low right here. We go to"}, {"start": "00:07:33", "end": "00:07:36", "text": "the daily so you can see it a little bit"}, {"start": "00:07:34", "end": "00:07:38", "text": "better. That's where we wicked right"}, {"start": "00:07:36", "end": "00:07:40", "text": "here. We've been above this price ever"}, {"start": "00:07:38", "end": "00:07:42", "text": "since. So, you know, there's definitely"}, {"start": "00:07:40", "end": "00:07:43", "text": "an argument Bitcoin price is going to"}, {"start": "00:07:42", "end": "00:07:46", "text": "increase."}, {"start": "00:07:43", "end": "00:07:48", "text": "Maybe maybe Bitcoin dominance is going"}, {"start": "00:07:46", "end": "00:07:50", "text": "to decrease, and if that happens, your"}, {"start": "00:07:48", "end": "00:07:51", "text": "altcoins are going to pump. I'm Deezy"}, {"start": "00:07:50", "end": "00:07:53", "text": "for Discover Crypto, and hopefully this"}, {"start": "00:07:51", "end": "00:07:55", "text": "video starts pointing you in the right"}, {"start": "00:07:53", "end": "00:07:56", "text": "direction of some quality alts. If you"}, {"start": "00:07:55", "end": "00:07:58", "text": "want to see the altcoins that I'm"}, {"start": "00:07:56", "end": "00:07:59", "text": "buying, we've been buying the good ones."}, {"start": "00:07:58", "end": "00:08:01", "text": "We've been getting in tow. We've been"}, {"start": "00:07:59", "end": "00:08:03", "text": "getting in hype. We've been following"}, {"start": "00:08:01", "end": "00:08:05", "text": "the trend, not trying to worry about old"}, {"start": "00:08:03", "end": "00:08:06", "text": "bags, or, you know, using our biases"}, {"start": "00:08:05", "end": "00:08:07", "text": "here. So, make sure you follow the"}, {"start": "00:08:06", "end": "00:08:09", "text": "channel. Make sure you hit that like,"}, {"start": "00:08:07", "end": "00:08:11", "text": "hit that subscribe. Deezy for Discover"}, {"start": "00:08:09", "end": "00:08:15", "text": "Crypto. I'll see you in your altcoins"}, {"start": "00:08:11", "end": "00:08:15", "text": "when it's ready at the top."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "2009, Satoshi Nakamoto invents Bitcoin."}, {"start": "00:00:02", "end": "00:00:07", "text": "In 2010, 10,000 Bitcoin are used to"}, {"start": "00:00:05", "end": "00:00:09", "text": "purchase two pizzas. In 2012, in the"}, {"start": "00:00:07", "end": "00:00:13", "text": "span of a year, Bitcoin would go from $1"}, {"start": "00:00:09", "end": "00:00:16", "text": "to $30 to $2. Two years later in 2013,"}, {"start": "00:00:13", "end": "00:00:18", "text": "Bitcoin finally hits $1,000 a coin."}, {"start": "00:00:16", "end": "00:00:21", "text": "2014, the world's largest Bitcoin"}, {"start": "00:00:18", "end": "00:00:24", "text": "exchange, Mt. Gox, collapses. In 2017,"}, {"start": "00:00:21", "end": "00:00:26", "text": "Bitcoin goes from 1,000 to 20,000. In"}, {"start": "00:00:24", "end": "00:00:27", "text": "2021, we have our first country to make"}, {"start": "00:00:26", "end": "00:00:30", "text": "Bitcoin their official currency, El"}, {"start": "00:00:27", "end": "00:00:31", "text": "Salvador. And in 2024, BlackRock start"}, {"start": "00:00:30", "end": "00:00:33", "text": "selling Bitcoin to their own clients."}, {"start": "00:00:31", "end": "00:00:37", "text": "Let me know down below, what year do you"}, {"start": "00:00:33", "end": "00:00:37", "text": "think Bitcoin hits $1 million?"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Which one's the best crypto asset? AP's"}, {"start": "00:00:03", "end": "00:00:08", "text": "best crypto asset. Which one's the best"}, {"start": "00:00:05", "end": "00:00:10", "text": "crypto asset? Best crypto asset. Which"}, {"start": "00:00:08", "end": "00:00:13", "text": "one's the best? Which one's the best?"}, {"start": "00:00:10", "end": "00:00:14", "text": "Which one's the best? Which one's the"}, {"start": "00:00:13", "end": "00:00:18", "text": "best? Which one's the best? Which one's"}, {"start": "00:00:14", "end": "00:00:20", "text": "the best? Which one? Which one? The"}, {"start": "00:00:18", "end": "00:00:22", "text": "best. Which one?"}, {"start": "00:00:20", "end": "00:00:26", "text": "Which one? Which one?"}, {"start": "00:00:22", "end": "00:00:26", "text": ">> What's the second best?"}, {"start": "00:00:32", "end": "00:00:36", "text": "This is Discover Crypto and we have a"}, {"start": "00:00:34", "end": "00:00:38", "text": "huge show for you today. We're going to"}, {"start": "00:00:36", "end": "00:00:40", "text": "expose the Fed officials portfolio. I'm"}, {"start": "00:00:38", "end": "00:00:42", "text": "talking about Kevin Worsh. This is the"}, {"start": "00:00:40", "end": "00:00:44", "text": "replacement for Jerome Pal. He just"}, {"start": "00:00:42", "end": "00:00:46", "text": "posted his holdings, an extensive list"}, {"start": "00:00:44", "end": "00:00:48", "text": "of holdings last night. And not"}, {"start": "00:00:46", "end": "00:00:50", "text": "everybody's catching all the altcoins on"}, {"start": "00:00:48", "end": "00:00:52", "text": "this list. You really got to dig. And we"}, {"start": "00:00:50", "end": "00:00:53", "text": "did the digging. I was pouring through"}, {"start": "00:00:52", "end": "00:00:55", "text": "the disclosure this morning. And I'm"}, {"start": "00:00:53", "end": "00:00:56", "text": "joined here with Drew. And Drew, we're"}, {"start": "00:00:55", "end": "00:00:58", "text": "gonna have someone from the Bitcoin"}, {"start": "00:00:56", "end": "00:00:59", "text": "conference coming on towards the end of"}, {"start": "00:00:58", "end": "00:01:01", "text": "the show. That's going to be fun. We're"}, {"start": "00:00:59", "end": "00:01:03", "text": "going to throw him some fast balls. Now,"}, {"start": "00:01:01", "end": "00:01:05", "text": ">> he seems like a pretty cool guy. I'm"}, {"start": "00:01:03", "end": "00:01:07", "text": "very excited. Bitcoin Vegas is right"}, {"start": "00:01:05", "end": "00:01:08", "text": "around the corner. It's coming at us at"}, {"start": "00:01:07", "end": "00:01:11", "text": "100 miles an hour, so I'm getting ready"}, {"start": "00:01:08", "end": "00:01:13", "text": "for it. But, uh, Bitcoin's been acting a"}, {"start": "00:01:11", "end": "00:01:15", "text": "little feisty the last few days here, D."}, {"start": "00:01:13", "end": "00:01:17", "text": "I'm wondering if the pump can continue."}, {"start": "00:01:15", "end": "00:01:18", "text": ">> All right. Well, let's look at Bitcoin"}, {"start": "00:01:17", "end": "00:01:20", "text": "now. We we c we talked about this level"}, {"start": "00:01:18", "end": "00:01:22", "text": "right here. We we caught a little bit of"}, {"start": "00:01:20", "end": "00:01:24", "text": "resistance. It did take us a few days to"}, {"start": "00:01:22", "end": "00:01:26", "text": "get past this range. One, two. on the"}, {"start": "00:01:24", "end": "00:01:27", "text": "third day we passed by it. And on the"}, {"start": "00:01:26", "end": "00:01:29", "text": "2-hour chart, you can see the bears"}, {"start": "00:01:27", "end": "00:01:31", "text": "tried to push it back down into this"}, {"start": "00:01:29", "end": "00:01:33", "text": "level, but the bulls are holding strong."}, {"start": "00:01:31", "end": "00:01:35", "text": "And you can see, interestingly enough,"}, {"start": "00:01:33", "end": "00:01:39", "text": "we held support right here at the local"}, {"start": "00:01:35", "end": "00:01:42", "text": "peak. And this is right at 73,700."}, {"start": "00:01:39", "end": "00:01:44", "text": "Right now, trading around 74,400."}, {"start": "00:01:42", "end": "00:01:46", "text": "And if you're looking at, you know, the"}, {"start": "00:01:44", "end": "00:01:49", "text": "top of the range, we got a nice little"}, {"start": "00:01:46", "end": "00:01:50", "text": "bounce potentially another 5%. We fall"}, {"start": "00:01:49", "end": "00:01:53", "text": "to the bottom of the range could fall"}, {"start": "00:01:50", "end": "00:01:55", "text": "about 10%. Still, Bitcoin still just"}, {"start": "00:01:53", "end": "00:01:57", "text": "trading within this range. But Drew,"}, {"start": "00:01:55", "end": "00:01:59", "text": "let's look at the rest of the market. I"}, {"start": "00:01:57", "end": "00:02:02", "text": "just hit refresh here. Bitcoin now down."}, {"start": "00:01:59", "end": "00:02:04", "text": "ETH is down. XRP is down. How about"}, {"start": "00:02:02", "end": "00:02:07", "text": "that? How about that? Look at that."}, {"start": "00:02:04", "end": "00:02:09", "text": "Cryptocrank said the best altcoin in the"}, {"start": "00:02:07", "end": "00:02:11", "text": "majors, BNB."}, {"start": "00:02:09", "end": "00:02:13", "text": ">> BNB doing pretty well right here. Tron"}, {"start": "00:02:11", "end": "00:02:18", "text": "also doing pretty well. We have Dogecoin"}, {"start": "00:02:13", "end": "00:02:21", "text": "down 2.6%. Hyperlid is up.7%. Cardano is"}, {"start": "00:02:18", "end": "00:02:25", "text": "down. Chain link is down and DEX DEEXE"}, {"start": "00:02:21", "end": "00:02:27", "text": "that one is up 21%. Siren's up 18. A"}, {"start": "00:02:25", "end": "00:02:29", "text": "starting to pump here. Still far away"}, {"start": "00:02:27", "end": "00:02:31", "text": "from where I would consider taking some"}, {"start": "00:02:29", "end": "00:02:34", "text": "profit. A likes trading around these"}, {"start": "00:02:31", "end": "00:02:37", "text": "$100 psychological levels. Uh you can"}, {"start": "00:02:34", "end": "00:02:39", "text": "see here that was 350. Little breakdown"}, {"start": "00:02:37", "end": "00:02:41", "text": "right here at 300. Nice little breakdown"}, {"start": "00:02:39", "end": "00:02:43", "text": "at 200. and then now finding support"}, {"start": "00:02:41", "end": "00:02:44", "text": "right around 100. And this used to be a"}, {"start": "00:02:43", "end": "00:02:47", "text": "lot higher, folks. This was trading"}, {"start": "00:02:44", "end": "00:02:49", "text": "around 600. You can see the nice Trump"}, {"start": "00:02:47", "end": "00:02:52", "text": "pump effect. But maybe we'll get a"}, {"start": "00:02:49", "end": "00:02:54", "text": "clarity act pump as well on a Let's look"}, {"start": "00:02:52", "end": "00:02:58", "text": "at the big losers, Drew. What do we have"}, {"start": "00:02:54", "end": "00:03:00", "text": "here? Rave Dow."}, {"start": "00:02:58", "end": "00:03:01", "text": "God, that 7day is still nuts, Drew."}, {"start": "00:03:00", "end": "00:03:04", "text": ">> Yeah. Where's the rave? Oh my god."}, {"start": "00:03:01", "end": "00:03:07", "text": "45,500%"}, {"start": "00:03:04", "end": "00:03:09", "text": "um at 19% on the 24h hour. That's but a"}, {"start": "00:03:07", "end": "00:03:11", "text": "scratch. There's much more pain to come."}, {"start": "00:03:09", "end": "00:03:15", "text": "uh you know, Rave Dow being up that"}, {"start": "00:03:11", "end": "00:03:17", "text": "much, I would be very cautious about,"}, {"start": "00:03:15", "end": "00:03:19", "text": "you know, trying to chase any of those"}, {"start": "00:03:17", "end": "00:03:22", "text": "super low market cap projects that are"}, {"start": "00:03:19", "end": "00:03:24", "text": "moving like that. Uh usually it ends up"}, {"start": "00:03:22", "end": "00:03:27", "text": "poorly. Uh interesting to see World Coin"}, {"start": "00:03:24", "end": "00:03:28", "text": "up on the week as well. Absolutely nuts."}, {"start": "00:03:27", "end": "00:03:29", "text": ">> Yeah, we do have some Clarity Act"}, {"start": "00:03:28", "end": "00:03:31", "text": "updates. We're going to talk about that."}, {"start": "00:03:29", "end": "00:03:33", "text": "What is the next resistant point for"}, {"start": "00:03:31", "end": "00:03:34", "text": "Lido Dow? Thank you very much. Well,"}, {"start": "00:03:33", "end": "00:03:36", "text": "let's go into the ETH chart, then we'll"}, {"start": "00:03:34", "end": "00:03:39", "text": "go into the Lido Dow chart here. Very"}, {"start": "00:03:36", "end": "00:03:41", "text": "similar projects. Lido Dow, a DeFi"}, {"start": "00:03:39", "end": "00:03:43", "text": "project on Ethereum, covered these"}, {"start": "00:03:41", "end": "00:03:44", "text": "levels. We bounced off support."}, {"start": "00:03:43", "end": "00:03:46", "text": "Potential bull flag breakout played out"}, {"start": "00:03:44", "end": "00:03:47", "text": "beautifully. All these predictions came"}, {"start": "00:03:46", "end": "00:03:49", "text": "true. I'm going to go ahead and delete"}, {"start": "00:03:47", "end": "00:03:50", "text": "it. Let's get it out of the way. But now"}, {"start": "00:03:49", "end": "00:03:52", "text": "we're coming up into some pretty stiff"}, {"start": "00:03:50", "end": "00:03:54", "text": "resistance. I found this in the charts"}, {"start": "00:03:52", "end": "00:03:56", "text": "looking this morning, folks. And so I'm"}, {"start": "00:03:54", "end": "00:03:58", "text": "going to show you this green rectangle"}, {"start": "00:03:56", "end": "00:04:01", "text": "and this red rectangle. And we got to go"}, {"start": "00:03:58", "end": "00:04:04", "text": "all the way back to the summer of 60."}, {"start": "00:04:01", "end": "00:04:06", "text": "No, we got to go back to 2021, though."}, {"start": "00:04:04", "end": "00:04:08", "text": "This is one of the first major"}, {"start": "00:04:06", "end": "00:04:11", "text": "resistance zones for Ethereum in the"}, {"start": "00:04:08", "end": "00:04:12", "text": "2021 runup. You'll see a nice little bit"}, {"start": "00:04:11", "end": "00:04:14", "text": "of a bounce here. Nice little bit of a"}, {"start": "00:04:12", "end": "00:04:16", "text": "bounce. Then we also have this area."}, {"start": "00:04:14", "end": "00:04:19", "text": "This also acted as support. This is"}, {"start": "00:04:16", "end": "00:04:22", "text": "January 22. And so after we crashed, we"}, {"start": "00:04:19", "end": "00:04:24", "text": "had a nice dead cap bounce. The dead cap"}, {"start": "00:04:22", "end": "00:04:25", "text": "bounced, used this area as a"}, {"start": "00:04:24", "end": "00:04:27", "text": "springboard. Found a little support,"}, {"start": "00:04:25", "end": "00:04:30", "text": "found a little support, got that deadcat"}, {"start": "00:04:27", "end": "00:04:32", "text": "bounce, and then we ended up crashing."}, {"start": "00:04:30", "end": "00:04:34", "text": "played around in this range and then"}, {"start": "00:04:32", "end": "00:04:37", "text": "this area became resistance. This area"}, {"start": "00:04:34", "end": "00:04:39", "text": "acted as resistance again. Keep going."}, {"start": "00:04:37", "end": "00:04:42", "text": "Acted as resistance again. Acted as"}, {"start": "00:04:39", "end": "00:04:44", "text": "resistance again. Chopped around this"}, {"start": "00:04:42", "end": "00:04:46", "text": "then acted as resistance and you hear"}, {"start": "00:04:44", "end": "00:04:49", "text": "see it here. Now let's fast. Look at"}, {"start": "00:04:46", "end": "00:04:52", "text": "that right there. Uh boom acted as"}, {"start": "00:04:49", "end": "00:04:54", "text": "support. Very very strong level. This is"}, {"start": "00:04:52", "end": "00:04:56", "text": "going to be a major hurdle for Ethereum."}, {"start": "00:04:54", "end": "00:04:59", "text": "And you see this is exactly where we"}, {"start": "00:04:56", "end": "00:05:01", "text": "rejected on March 16th. And if you zoom"}, {"start": "00:04:59", "end": "00:05:02", "text": "into the chart, Drew, we're having a"}, {"start": "00:05:01", "end": "00:05:04", "text": "little bit of an issue trying to get"}, {"start": "00:05:02", "end": "00:05:07", "text": "past. Oo, look at that. On the 2hour, 4"}, {"start": "00:05:04", "end": "00:05:09", "text": "hour. Uh, I didn't even zoom in that"}, {"start": "00:05:07", "end": "00:05:12", "text": "much. Yeah, this is looking like I made"}, {"start": "00:05:09", "end": "00:05:13", "text": "this a while ago. This is looking dicey"}, {"start": "00:05:12", "end": "00:05:15", "text": "for Ethereum."}, {"start": "00:05:13", "end": "00:05:17", "text": ">> But if we do flip this, Drew, I think"}, {"start": "00:05:15", "end": "00:05:19", "text": "maybe we have another bull flag"}, {"start": "00:05:17", "end": "00:05:20", "text": "potential breakout here."}, {"start": "00:05:19", "end": "00:05:22", "text": ">> Well, we're coming up on an interesting"}, {"start": "00:05:20", "end": "00:05:24", "text": "time, right? Because I mean, the Bitcoin"}, {"start": "00:05:22", "end": "00:05:27", "text": "conference, I think someone was in the"}, {"start": "00:05:24", "end": "00:05:28", "text": "chat talking about it's a sell event,"}, {"start": "00:05:27", "end": "00:05:29", "text": "right? at the Bitcoin conference. I want"}, {"start": "00:05:28", "end": "00:05:30", "text": "to know"}, {"start": "00:05:29", "end": "00:05:31", "text": ">> it is usually"}, {"start": "00:05:30", "end": "00:05:34", "text": ">> like do you think we're going to"}, {"start": "00:05:31", "end": "00:05:35", "text": "continue? Are we going to see a sell off"}, {"start": "00:05:34", "end": "00:05:37", "text": "during the Bitcoin conference just to"}, {"start": "00:05:35", "end": "00:05:40", "text": "grind our gears while we're out there"}, {"start": "00:05:37", "end": "00:05:43", "text": "partying and talking about Bitcoin? Um"}, {"start": "00:05:40", "end": "00:05:46", "text": "that's in a few weeks. We've been pumpy"}, {"start": "00:05:43", "end": "00:05:48", "text": "for the last week and we are, you know,"}, {"start": "00:05:46", "end": "00:05:50", "text": "angling towards the top end of that"}, {"start": "00:05:48", "end": "00:05:53", "text": "channel. But"}, {"start": "00:05:50", "end": "00:05:55", "text": "I really think that, you know, ETH"}, {"start": "00:05:53", "end": "00:05:58", "text": "hitting that support level now"}, {"start": "00:05:55", "end": "00:06:00", "text": "resistance and kind of the headwinds of"}, {"start": "00:05:58", "end": "00:06:02", "text": "the Bitcoin conference right around the"}, {"start": "00:06:00", "end": "00:06:04", "text": "corner, we might see this because we"}, {"start": "00:06:02", "end": "00:06:07", "text": "might see this roll over to the downside"}, {"start": "00:06:04", "end": "00:06:08", "text": "because of that dominance chart that you"}, {"start": "00:06:07", "end": "00:06:11", "text": "had brought up. Like I'm actually kind"}, {"start": "00:06:08", "end": "00:06:13", "text": "of excited about your dominance video,"}, {"start": "00:06:11", "end": "00:06:14", "text": "you know, and I'm not going to give too"}, {"start": "00:06:13", "end": "00:06:16", "text": ">> Yeah. Yeah. I I am going to work on a"}, {"start": "00:06:14", "end": "00:06:18", "text": "Bitcoin dominance video, everybody. I'm"}, {"start": "00:06:16", "end": "00:06:20", "text": "trying to type around this uh keyboard"}, {"start": "00:06:18", "end": "00:06:22", "text": "here and I've I've screwed up my typing"}, {"start": "00:06:20", "end": "00:06:24", "text": "ability. Just a little fun fact here."}, {"start": "00:06:22", "end": "00:06:26", "text": "Smashed the heck out of my right hand."}, {"start": "00:06:24", "end": "00:06:28", "text": "It was all messed up in a cast. Totally"}, {"start": "00:06:26", "end": "00:06:30", "text": "screwed up my certy typing abilities. I"}, {"start": "00:06:28", "end": "00:06:31", "text": "started typing with one finger on my"}, {"start": "00:06:30", "end": "00:06:33", "text": "left hand. And now I've regressed. My"}, {"start": "00:06:31", "end": "00:06:36", "text": "typing ability has regressed from that."}, {"start": "00:06:33", "end": "00:06:37", "text": "But yeah, Bitcoin dominance, you know,"}, {"start": "00:06:36", "end": "00:06:39", "text": "did have a nice little bounce off this"}, {"start": "00:06:37", "end": "00:06:41", "text": "range right here. I'm going to do a"}, {"start": "00:06:39", "end": "00:06:43", "text": "little bit more of a deep dive here. And"}, {"start": "00:06:41", "end": "00:06:46", "text": "there's just a couple things I did want"}, {"start": "00:06:43", "end": "00:06:47", "text": "to cover. Let's see. Do I have them?"}, {"start": "00:06:46", "end": "00:06:49", "text": "Yeah. Let's just say I'll tell you what"}, {"start": "00:06:47", "end": "00:06:50", "text": "all this means, but you got to tune in"}, {"start": "00:06:49", "end": "00:06:52", "text": "tonight, folks. I'm not going to frontr"}, {"start": "00:06:50", "end": "00:06:54", "text": "run the info. Let's just say we've been"}, {"start": "00:06:52", "end": "00:06:56", "text": "looking at the charts. Speaking of"}, {"start": "00:06:54", "end": "00:06:57", "text": "looking at the charts, hype starting to"}, {"start": "00:06:56", "end": "00:06:59", "text": "try to break out of this range here. You"}, {"start": "00:06:57", "end": "00:07:01", "text": "can see it's taken us a few days if we"}, {"start": "00:06:59", "end": "00:07:04", "text": "can break out of here. I I think a"}, {"start": "00:07:01", "end": "00:07:06", "text": "pretty good shot to $50 is in charge."}, {"start": "00:07:04", "end": "00:07:08", "text": ">> Drew, I sold some aerod drone for hype"}, {"start": "00:07:06", "end": "00:07:11", "text": "over the past 24 hours. Yeah."}, {"start": "00:07:08", "end": "00:07:13", "text": ">> Nice. Nice. Yeah. I mean, I ain't got no"}, {"start": "00:07:11", "end": "00:07:15", "text": "problem selling alts, you know, and I"}, {"start": "00:07:13", "end": "00:07:18", "text": "mean, I'm driving around an Aerot drone"}, {"start": "00:07:15", "end": "00:07:18", "text": "mobile right now. Um, you know, so I'm"}, {"start": "00:07:18", "end": "00:07:20", "text": "no"}, {"start": "00:07:18", "end": "00:07:21", "text": ">> Does he use gasoline?"}, {"start": "00:07:20", "end": "00:07:23", "text": ">> Lots of gasoline, dude."}, {"start": "00:07:21", "end": "00:07:26", "text": ">> All right. Well, let's look at US oil."}, {"start": "00:07:23", "end": "00:07:28", "text": "US oil. This is the 4hour chart. We gave"}, {"start": "00:07:26", "end": "00:07:29", "text": "you these levels forever ago. We got our"}, {"start": "00:07:28", "end": "00:07:31", "text": "resistance. We got our little parallel"}, {"start": "00:07:29", "end": "00:07:33", "text": "range. We are breaking down and we said,"}, {"start": "00:07:31", "end": "00:07:34", "text": "\"Hey, look, we got a little area of"}, {"start": "00:07:33", "end": "00:07:36", "text": "support. Keep an eye out on this area"}, {"start": "00:07:34", "end": "00:07:38", "text": "right here. You see the candle bodies."}, {"start": "00:07:36", "end": "00:07:41", "text": "You see the candle bodies. You zoom in"}, {"start": "00:07:38", "end": "00:07:43", "text": "to just the last 12 hours, 16 hours."}, {"start": "00:07:41", "end": "00:07:46", "text": "How? Look at that, Drew."}, {"start": "00:07:43", "end": "00:07:48", "text": ">> Right into the range. Right into the"}, {"start": "00:07:46", "end": "00:07:50", "text": "range. And that was just a That's the"}, {"start": "00:07:48", "end": "00:07:52", "text": "one hour. What does the 30 minute look"}, {"start": "00:07:50", "end": "00:07:56", "text": "like? What the heck was the 10-minute"}, {"start": "00:07:52", "end": "00:07:58", "text": "look like? What was the one minute?"}, {"start": "00:07:56", "end": "00:08:01", "text": ">> Oil trading like a memecoin, everybody."}, {"start": "00:07:58", "end": "00:08:03", "text": ">> Yeah, that's And this is a that's a bad"}, {"start": "00:08:01", "end": "00:08:07", "text": "thing when when oil train list Brent"}, {"start": "00:08:03", "end": "00:08:09", "text": "crude. They did uh literally like at the"}, {"start": "00:08:07", "end": "00:08:10", "text": "perfect peak. Um"}, {"start": "00:08:09", "end": "00:08:14", "text": ">> WTI, sorry."}, {"start": "00:08:10", "end": "00:08:16", "text": ">> Yeah, this was remember when crude went"}, {"start": "00:08:14", "end": "00:08:17", "text": "negative in 2020."}, {"start": "00:08:16", "end": "00:08:20", "text": ">> Yeah,"}, {"start": "00:08:17", "end": "00:08:23", "text": ">> WTI went negative. That's when my light"}, {"start": "00:08:20", "end": "00:08:26", "text": "switch in my brain went off. I was like,"}, {"start": "00:08:23", "end": "00:08:28", "text": "\"Okay, the monetary system is broke."}, {"start": "00:08:26", "end": "00:08:31", "text": "It's going to take a while for them to"}, {"start": "00:08:28", "end": "00:08:34", "text": "admit it.\" And now seeing oil put in"}, {"start": "00:08:31", "end": "00:08:37", "text": "moves like this, you really got to"}, {"start": "00:08:34", "end": "00:08:39", "text": "question, is everything okay? Can we"}, {"start": "00:08:37", "end": "00:08:41", "text": "stay asleep and the powers that be are"}, {"start": "00:08:39", "end": "00:08:43", "text": "going to keep, you know, everything"}, {"start": "00:08:41", "end": "00:08:45", "text": "running smoothly in a globalist economy?"}, {"start": "00:08:43", "end": "00:08:47", "text": "Look at it. This this looks like a"}, {"start": "00:08:45", "end": "00:08:49", "text": "nightmare to me. Um, and it"}, {"start": "00:08:47", "end": "00:08:50", "text": ">> Hey, imagine living near the straighter"}, {"start": "00:08:49", "end": "00:08:51", "text": "hormuz."}, {"start": "00:08:50", "end": "00:08:56", "text": ">> Oh, yeah. I mean, you're trying to like"}, {"start": "00:08:51", "end": "00:08:58", "text": "trade a leverage 50x and you're"}, {"start": "00:08:56", "end": "00:09:01", "text": ">> imagine driving like a 93 Suburban or"}, {"start": "00:08:58", "end": "00:09:02", "text": "like a Humvey and living near the"}, {"start": "00:09:01", "end": "00:09:04", "text": "straight over moves. You just you're"}, {"start": "00:09:02", "end": "00:09:06", "text": "screwed two ways there."}, {"start": "00:09:04", "end": "00:09:08", "text": ">> Yeah. Or Australia, I've heard, had, you"}, {"start": "00:09:06", "end": "00:09:10", "text": "know, a moment of shortages. I don't"}, {"start": "00:09:08", "end": "00:09:11", "text": ">> You're riding a kangaroo at that point."}, {"start": "00:09:10", "end": "00:09:12", "text": ">> And if you got some youngans, you put"}, {"start": "00:09:11", "end": "00:09:14", "text": "them in the pouch."}, {"start": "00:09:12", "end": "00:09:15", "text": ">> You better be good at fighting, you"}, {"start": "00:09:14", "end": "00:09:17", "text": "know, because you got to get a way to"}, {"start": "00:09:15", "end": "00:09:19", "text": "get on that kangaroo. It's they're"}, {"start": "00:09:17", "end": "00:09:20", "text": "they're feisty animals. I'll jump one"}, {"start": "00:09:19", "end": "00:09:21", "text": "with my dogs, you know."}, {"start": "00:09:20", "end": "00:09:22", "text": ">> Okay,"}, {"start": "00:09:21", "end": "00:09:23", "text": ">> that would probably help a lot,"}, {"start": "00:09:22", "end": "00:09:25", "text": "honestly. Those are good dogs."}, {"start": "00:09:23", "end": "00:09:27", "text": ">> All right, let's look at Stretch,"}, {"start": "00:09:25", "end": "00:09:28", "text": "everybody. Uh, speaking of Stretch here,"}, {"start": "00:09:27", "end": "00:09:31", "text": "it was dividend day. I should have gave"}, {"start": "00:09:28", "end": "00:09:33", "text": "you guys the warning. Dividend day was"}, {"start": "00:09:31", "end": "00:09:35", "text": "right here. And we've talked about this"}, {"start": "00:09:33", "end": "00:09:38", "text": "maybe two months in a row, at least one"}, {"start": "00:09:35", "end": "00:09:39", "text": "month in a row. Dividend day dumps every"}, {"start": "00:09:38", "end": "00:09:41", "text": "single time. Look at that gap low. This"}, {"start": "00:09:39", "end": "00:09:43", "text": "is going to be uh Tuesday evening. This"}, {"start": "00:09:41", "end": "00:09:46", "text": "is going to be the Wednesday morning"}, {"start": "00:09:43", "end": "00:09:47", "text": "pre-market. And we can go to the daily."}, {"start": "00:09:46", "end": "00:09:49", "text": "On the bottom, you're going to see D for"}, {"start": "00:09:47", "end": "00:09:51", "text": "DY. When you see the D, it means"}, {"start": "00:09:49", "end": "00:09:53", "text": "dividend. And when there's a dividend"}, {"start": "00:09:51", "end": "00:09:55", "text": "payment, which happens every month."}, {"start": "00:09:53", "end": "00:09:57", "text": "Basically, for every $100 every month,"}, {"start": "00:09:55", "end": "00:09:58", "text": "you're getting close to a dollar. You're"}, {"start": "00:09:57", "end": "00:10:01", "text": "getting like 90 something cents for"}, {"start": "00:09:58", "end": "00:10:04", "text": "every one share. And you can see they"}, {"start": "00:10:01", "end": "00:10:06", "text": "sell into this every single time. I am a"}, {"start": "00:10:04", "end": "00:10:08", "text": "buyer. If we can come into this trend"}, {"start": "00:10:06", "end": "00:10:10", "text": "line, I don't think I hold for the"}, {"start": "00:10:08", "end": "00:10:12", "text": "dividend, Drew. I think I just sell when"}, {"start": "00:10:10", "end": "00:10:12", "text": "it hits par again, when it hits 100."}, {"start": "00:10:12", "end": "00:10:14", "text": ">> Okay."}, {"start": "00:10:12", "end": "00:10:16", "text": ">> What would What would you do? Would you"}, {"start": "00:10:14", "end": "00:10:18", "text": "hold for the dividend and say, \"Hey, I"}, {"start": "00:10:16", "end": "00:10:20", "text": "got this cheap.\" Or would you would you"}, {"start": "00:10:18", "end": "00:10:23", "text": "sell when it hits 100?"}, {"start": "00:10:20", "end": "00:10:25", "text": ">> Uh, you know, I would probably I'd"}, {"start": "00:10:23", "end": "00:10:27", "text": "probably sell when it gets 100 just kind"}, {"start": "00:10:25", "end": "00:10:29", "text": "of feeling in my gut that it's going to"}, {"start": "00:10:27", "end": "00:10:32", "text": "mechanically be put back up to that"}, {"start": "00:10:29", "end": "00:10:34", "text": "level. Um, you know, that's me"}, {"start": "00:10:32", "end": "00:10:37", "text": "personally, but I like I'm I'm more of a"}, {"start": "00:10:34", "end": "00:10:39", "text": "leverage trader anyways and you know,"}, {"start": "00:10:37", "end": "00:10:42", "text": "that kind of movement doesn't get me all"}, {"start": "00:10:39", "end": "00:10:44", "text": "hot and bothered, right? So wouldn't be"}, {"start": "00:10:42", "end": "00:10:46", "text": "losing too much sleep about it. Um"}, {"start": "00:10:44", "end": "00:10:49", "text": "people asking about wheat options too."}, {"start": "00:10:46", "end": "00:10:51", "text": ">> How how is wheat performing here?"}, {"start": "00:10:49", "end": "00:10:53", "text": "It got crushed several days in a row."}, {"start": "00:10:51", "end": "00:10:55", "text": "Boom. I mean that that's a heck of a"}, {"start": "00:10:53", "end": "00:10:57", "text": "decline. This is going to be a"}, {"start": "00:10:55", "end": "00:10:59", "text": "fertilizer play. You're expecting"}, {"start": "00:10:57", "end": "00:11:00", "text": "fertilizer to get more expensive. So"}, {"start": "00:10:59", "end": "00:11:01", "text": "you're expecting wheat to get more"}, {"start": "00:11:00", "end": "00:11:02", "text": "expensive. And if you are going to"}, {"start": "00:11:01", "end": "00:11:05", "text": "invest in wheat, I would look at some"}, {"start": "00:11:02", "end": "00:11:07", "text": "futures dating at least 3 4 months into"}, {"start": "00:11:05", "end": "00:11:09", "text": "the future here. Maybe you even want to"}, {"start": "00:11:07", "end": "00:11:11", "text": "do like some six-month options there. Uh"}, {"start": "00:11:09", "end": "00:11:14", "text": "this is we had some bullish reversal"}, {"start": "00:11:11", "end": "00:11:16", "text": "signs here. We did pump. I I I'll go"}, {"start": "00:11:14", "end": "00:11:18", "text": "ahead and admit I wasn't selling the"}, {"start": "00:11:16", "end": "00:11:20", "text": "exact top. We did trim some of the"}, {"start": "00:11:18", "end": "00:11:22", "text": "position in retrospect. Should have sold"}, {"start": "00:11:20", "end": "00:11:25", "text": "everything on this one day. But my"}, {"start": "00:11:22", "end": "00:11:26", "text": "long-term thesis is food will get more"}, {"start": "00:11:25", "end": "00:11:28", "text": "expensive. What with what we've seen"}, {"start": "00:11:26", "end": "00:11:29", "text": "with the straighter horm."}, {"start": "00:11:28", "end": "00:11:32", "text": ">> Well, and just think about the things"}, {"start": "00:11:29", "end": "00:11:34", "text": "that the government lies to you that"}, {"start": "00:11:32", "end": "00:11:38", "text": "it's not getting more expensive when you"}, {"start": "00:11:34", "end": "00:11:40", "text": "provably know that it is. Um those are"}, {"start": "00:11:38", "end": "00:11:41", "text": "good things to uh kind of have leverage"}, {"start": "00:11:40", "end": "00:11:42", "text": "plays on."}, {"start": "00:11:41", "end": "00:11:44", "text": ">> Yeah, they they'll give you an inflation"}, {"start": "00:11:42", "end": "00:11:46", "text": "gauge and then the next month or the"}, {"start": "00:11:44", "end": "00:11:48", "text": "next year they'll change the"}, {"start": "00:11:46", "end": "00:11:50", "text": "percentages. You know, it'll be one year"}, {"start": "00:11:48", "end": "00:11:53", "text": "it's like beef is 10% of this gauge,"}, {"start": "00:11:50", "end": "00:11:55", "text": "milk is 2%, gasoline is 10%, rent is"}, {"start": "00:11:53", "end": "00:11:57", "text": "20%. But then you start seeing weird"}, {"start": "00:11:55", "end": "00:11:58", "text": "stuff on there. You're like, okay, why"}, {"start": "00:11:57", "end": "00:12:00", "text": "why is that even on there? And then you"}, {"start": "00:11:58", "end": "00:12:03", "text": "look, oh that didn't have inflation. So"}, {"start": "00:12:00", "end": "00:12:06", "text": "you're like, why is dental floss 2% of"}, {"start": "00:12:03", "end": "00:12:07", "text": "the inflation gauge? you know, maybe not"}, {"start": "00:12:06", "end": "00:12:09", "text": "dental floss, but yeah, just random"}, {"start": "00:12:07", "end": "00:12:10", "text": "items that don't make any sense here."}, {"start": "00:12:09", "end": "00:12:14", "text": ">> Yeah,"}, {"start": "00:12:10", "end": "00:12:18", "text": ">> it's stats. It's it's uh basically stats"}, {"start": "00:12:14", "end": "00:12:20", "text": "uh uh in a circus. They will put one"}, {"start": "00:12:18", "end": "00:12:21", "text": "stat in front of the public that is"}, {"start": "00:12:20", "end": "00:12:23", "text": "doing the best at that time given"}, {"start": "00:12:21", "end": "00:12:26", "text": "highlight that that's where largely the"}, {"start": "00:12:23", "end": "00:12:28", "text": "inflation is concentrated. For instance,"}, {"start": "00:12:26", "end": "00:12:31", "text": "mortgages or the cost of living being"}, {"start": "00:12:28", "end": "00:12:32", "text": "valued at a section 8 cost, right?"}, {"start": "00:12:31", "end": "00:12:36", "text": "instead of an average single family"}, {"start": "00:12:32", "end": "00:12:40", "text": "person. Just it's a lie and a game that"}, {"start": "00:12:36", "end": "00:12:42", "text": "has driven me nuts for a long time and"}, {"start": "00:12:40", "end": "00:12:44", "text": "it's really one of the main driving"}, {"start": "00:12:42", "end": "00:12:47", "text": "factors why I like crypto so much is"}, {"start": "00:12:44", "end": "00:12:49", "text": "just the chance to outpace inflation."}, {"start": "00:12:47", "end": "00:12:51", "text": "So, um it is one thing on my mind."}, {"start": "00:12:49", "end": "00:12:53", "text": ">> All right. Now, I haven't done too much"}, {"start": "00:12:51", "end": "00:12:54", "text": "research to see, you know, how closely"}, {"start": "00:12:53", "end": "00:12:57", "text": "related this is to the spot price of"}, {"start": "00:12:54", "end": "00:13:01", "text": "diesel here, but this is the the sulfur"}, {"start": "00:12:57", "end": "00:13:02", "text": "gasoline uh cash CFD here. And yeah,"}, {"start": "00:13:01", "end": "00:13:04", "text": "look at that. Yeah, hitting hitting some"}, {"start": "00:13:02", "end": "00:13:07", "text": "very very high levels. And this is going"}, {"start": "00:13:04", "end": "00:13:09", "text": "to be a newer fund that does not have"}, {"start": "00:13:07", "end": "00:13:11", "text": "does have the Ukraine war right here,"}, {"start": "00:13:09", "end": "00:13:13", "text": "but it's not going to have the 0807"}, {"start": "00:13:11", "end": "00:13:15", "text": "gasoline price there. Let's go and get"}, {"start": "00:13:13", "end": "00:13:17", "text": "to talk about the title thing. New Fed"}, {"start": "00:13:15", "end": "00:13:19", "text": "chair. This guy's all in on crypto."}, {"start": "00:13:17", "end": "00:13:21", "text": "Talking about Kevin Worsh. This is the"}, {"start": "00:13:19", "end": "00:13:23", "text": "guy replacing Jerome Pal, the guy that"}, {"start": "00:13:21", "end": "00:13:25", "text": "goes out in front of the podium and"}, {"start": "00:13:23", "end": "00:13:27", "text": "tells you about interest rates. Usually"}, {"start": "00:13:25", "end": "00:13:30", "text": "speaks about once every 45 days or so."}, {"start": "00:13:27", "end": "00:13:32", "text": "But Fed uh nominee Kevin Wars here, he"}, {"start": "00:13:30", "end": "00:13:34", "text": "has more than a hundred million in"}, {"start": "00:13:32", "end": "00:13:36", "text": "financial holdings. Million-dollar"}, {"start": "00:13:34", "end": "00:13:38", "text": "question is what's his altcoin exposure?"}, {"start": "00:13:36", "end": "00:13:40", "text": "What is his crypto exposure? Let's just"}, {"start": "00:13:38", "end": "00:13:42", "text": "say it is very extensive. So, he's the"}, {"start": "00:13:40", "end": "00:13:44", "text": "choice to lead the Federal Reserve. He"}, {"start": "00:13:42", "end": "00:13:47", "text": "disclosed financial interests worth more"}, {"start": "00:13:44", "end": "00:13:50", "text": "than $100 million including SpaceX and"}, {"start": "00:13:47", "end": "00:13:52", "text": "Poly Market. Very cool there. Now, later"}, {"start": "00:13:50", "end": "00:13:54", "text": "Tuesday, Senate Banking Committee said"}, {"start": "00:13:52", "end": "00:13:57", "text": "it would hold his confirmation hearing"}, {"start": "00:13:54", "end": "00:13:58", "text": "on April 21st. So, 4:21 about a week"}, {"start": "00:13:57", "end": "00:14:00", "text": "from now, a little less than a week from"}, {"start": "00:13:58", "end": "00:14:02", "text": "now, we're going to have the"}, {"start": "00:14:00", "end": "00:14:04", "text": "confirmation hearing. Now, there might"}, {"start": "00:14:02", "end": "00:14:06", "text": "be Tom Tillis trying to throw a wrench"}, {"start": "00:14:04", "end": "00:14:07", "text": "in this. Maybe we'll talk about a"}, {"start": "00:14:06", "end": "00:14:10", "text": "second. investment funds, bank accounts,"}, {"start": "00:14:07", "end": "00:14:12", "text": "and stakes in what appears to be dozens"}, {"start": "00:14:10", "end": "00:14:15", "text": "of tech startups in his portfolio,"}, {"start": "00:14:12", "end": "00:14:17", "text": "including Vicarage Stable, a horse"}, {"start": "00:14:15", "end": "00:14:21", "text": "racing operations. This guy has AI,"}, {"start": "00:14:17", "end": "00:14:24", "text": "altcoins, horse racing, traditional"}, {"start": "00:14:21", "end": "00:14:26", "text": "stocks. He is very well diversified. All"}, {"start": "00:14:24", "end": "00:14:28", "text": "told, disclosure has because there's a"}, {"start": "00:14:26", "end": "00:14:31", "text": "range, you know, it'll be between 50 and"}, {"start": "00:14:28", "end": "00:14:35", "text": "99 million. His range of assets is"}, {"start": "00:14:31", "end": "00:14:37", "text": "somewhere between 131,29"}, {"start": "00:14:35", "end": "00:14:39", "text": "million. So this guy is a deca"}, {"start": "00:14:37", "end": "00:14:42", "text": "millionaire here. It also lists the"}, {"start": "00:14:39", "end": "00:14:45", "text": "holdings of his wife, Jane Lauder. She's"}, {"start": "00:14:42", "end": "00:14:47", "text": "the granddaughter of Estee Lauder. Forb"}, {"start": "00:14:45", "end": "00:14:51", "text": "estimates her net worth, Kevin Worsh's"}, {"start": "00:14:47", "end": "00:14:53", "text": "wife, it's worth $1.9 billion."}, {"start": "00:14:51", "end": "00:14:54", "text": "Combined, they have over $2 billion in"}, {"start": "00:14:53", "end": "00:14:57", "text": "assets."}, {"start": "00:14:54", "end": "00:14:58", "text": ">> That man married up. Look at him. What a"}, {"start": "00:14:57", "end": "00:14:59", "text": "Chad. Love this."}, {"start": "00:14:58", "end": "00:15:01", "text": ">> That's a good time for the father of the"}, {"start": "00:14:59", "end": "00:15:04", "text": "bride to pay for the wedding."}, {"start": "00:15:01", "end": "00:15:06", "text": ">> Absolutely. Absolutely. marrying a"}, {"start": "00:15:04", "end": "00:15:10", "text": "nearly multibillionaire."}, {"start": "00:15:06", "end": "00:15:11", "text": "I mean, what a move. That's you. We"}, {"start": "00:15:10", "end": "00:15:14", "text": "should get more financial advice from"}, {"start": "00:15:11", "end": "00:15:17", "text": "him and everything. He's diversified in"}, {"start": "00:15:14", "end": "00:15:18", "text": "horse racing, crypto, early stage"}, {"start": "00:15:17", "end": "00:15:19", "text": "investments. I mean, this guy knows what"}, {"start": "00:15:18", "end": "00:15:21", "text": "he's doing, right?"}, {"start": "00:15:19", "end": "00:15:22", "text": ">> Yeah, he's he's in horse racing and"}, {"start": "00:15:21", "end": "00:15:24", "text": "mascara,"}, {"start": "00:15:22", "end": "00:15:27", "text": ">> you know, the two main main stays of a"}, {"start": "00:15:24", "end": "00:15:30", "text": "diversified portfolio there. Some say"}, {"start": "00:15:27", "end": "00:15:32", "text": "stocks and Bitcoin. No, mascara and"}, {"start": "00:15:30", "end": "00:15:34", "text": "horse racing. That's the future, folks."}, {"start": "00:15:32", "end": "00:15:37", "text": "They go together, man."}, {"start": "00:15:34", "end": "00:15:39", "text": ">> Now, now the poly market makes sense. He"}, {"start": "00:15:37", "end": "00:15:40", "text": "loves his bets. Now, Tom Tillis has"}, {"start": "00:15:39", "end": "00:15:43", "text": "vowed to withhold support for any"}, {"start": "00:15:40", "end": "00:15:45", "text": "nominee, including Kevin Worsh, until"}, {"start": "00:15:43", "end": "00:15:47", "text": "the criminal probe of Jerome Pal is"}, {"start": "00:15:45", "end": "00:15:49", "text": "resolved. The investigation centers on"}, {"start": "00:15:47", "end": "00:15:51", "text": "the testimony Pal provided last summer"}, {"start": "00:15:49", "end": "00:15:53", "text": "about the Fed's building renovation"}, {"start": "00:15:51", "end": "00:15:56", "text": "project. And remember the viral video"}, {"start": "00:15:53", "end": "00:15:57", "text": "with Trump in the hard hat and Jerome in"}, {"start": "00:15:56", "end": "00:15:59", "text": "the hard hat and they're like arguing"}, {"start": "00:15:57", "end": "00:16:00", "text": "over cost and everything that is"}, {"start": "00:15:59", "end": "00:16:03", "text": "sprawled into a criminal investigation"}, {"start": "00:16:00", "end": "00:16:05", "text": "at this point. Drew, before we go for"}, {"start": "00:16:03", "end": "00:16:10", "text": "forward, do you think Jerome Pal should"}, {"start": "00:16:05", "end": "00:16:12", "text": "be liable for the overrun on renovations"}, {"start": "00:16:10", "end": "00:16:14", "text": "for the build tally?"}, {"start": "00:16:12", "end": "00:16:15", "text": ">> Oh, do do you mean Donald Trump liable"}, {"start": "00:16:14", "end": "00:16:16", "text": "for"}, {"start": "00:16:15", "end": "00:16:19", "text": ">> No, no, no. So, they're trying to hold"}, {"start": "00:16:16", "end": "00:16:21", "text": "Jerome Pal liable for the the Fed's"}, {"start": "00:16:19", "end": "00:16:23", "text": "buildings renovation bill."}, {"start": "00:16:21", "end": "00:16:25", "text": ">> Honestly, man, no. Because every"}, {"start": "00:16:23", "end": "00:16:29", "text": "government building is made of pure"}, {"start": "00:16:25", "end": "00:16:32", "text": "marble. They spend $10,000 on a bag of"}, {"start": "00:16:29", "end": "00:16:34", "text": "bolts in the Department of Defense."}, {"start": "00:16:32", "end": "00:16:37", "text": "Trump just got this big, beautiful"}, {"start": "00:16:34", "end": "00:16:41", "text": "ballroom renovated. Like, let's just"}, {"start": "00:16:37", "end": "00:16:42", "text": "accept that all of you are irresponsibly"}, {"start": "00:16:41", "end": "00:16:44", "text": "inflating our dollar away and printing"}, {"start": "00:16:42", "end": "00:16:47", "text": "money off of all of our backs. You're"}, {"start": "00:16:44", "end": "00:16:49", "text": "all guilty. Um, this he said, she said,"}, {"start": "00:16:47", "end": "00:16:52", "text": "and they did more than me, so they're"}, {"start": "00:16:49", "end": "00:16:55", "text": "guilty. It's I I think it's So, yeah."}, {"start": "00:16:52", "end": "00:16:57", "text": ">> Yeah. I wouldn't blame him if a"}, {"start": "00:16:55", "end": "00:17:00", "text": "electrical company overcharges. I don't"}, {"start": "00:16:57", "end": "00:17:01", "text": "assume he would know that, you know, but"}, {"start": "00:17:00", "end": "00:17:02", "text": "you would you would think he's not even"}, {"start": "00:17:01", "end": "00:17:03", "text": "in charge of it, right?"}, {"start": "00:17:02", "end": "00:17:04", "text": ">> Right."}, {"start": "00:17:03", "end": "00:17:05", "text": ">> It'd be like some guy in charge of"}, {"start": "00:17:04", "end": "00:17:08", "text": "federal buildings or something."}, {"start": "00:17:05", "end": "00:17:11", "text": ">> No, he's monetary policy and chairing a"}, {"start": "00:17:08", "end": "00:17:12", "text": "Fed of governor, a board of governors at"}, {"start": "00:17:11", "end": "00:17:15", "text": "the Fed, right? He has"}, {"start": "00:17:12", "end": "00:17:18", "text": ">> You paid how much for CAD 5 cable? What?"}, {"start": "00:17:15", "end": "00:17:19", "text": "I don't know. I guess. Anyway, so yeah,"}, {"start": "00:17:18", "end": "00:17:21", "text": "that's the way the investigation's on."}, {"start": "00:17:19", "end": "00:17:23", "text": "the hearing doesn't clear a path to a"}, {"start": "00:17:21", "end": "00:17:25", "text": "committee vote as long as Tillis holds"}, {"start": "00:17:23", "end": "00:17:28", "text": "firm. So, we can't get a new one until"}, {"start": "00:17:25", "end": "00:17:30", "text": "this PAL issue is resolved or Tom"}, {"start": "00:17:28", "end": "00:17:33", "text": "Tillis, you know, ends up retreating"}, {"start": "00:17:30", "end": "00:17:35", "text": "from his stance here. Now, we do have"}, {"start": "00:17:33", "end": "00:17:37", "text": "some details here. Now, none of his"}, {"start": "00:17:35", "end": "00:17:40", "text": "crypto and AI investments include a"}, {"start": "00:17:37", "end": "00:17:43", "text": "value range. There's, you know, specific"}, {"start": "00:17:40", "end": "00:17:46", "text": "rules where he doesn't really have to."}, {"start": "00:17:43", "end": "00:17:48", "text": "One could be uh he can't disclose it"}, {"start": "00:17:46", "end": "00:17:51", "text": "because of non-compete or you know uh"}, {"start": "00:17:48", "end": "00:17:52", "text": "confidentiality agreements which I I"}, {"start": "00:17:51", "end": "00:17:54", "text": "don't know that seems a little bit"}, {"start": "00:17:52", "end": "00:17:56", "text": "weird. Also, if it's under a set dollar"}, {"start": "00:17:54", "end": "00:17:58", "text": "amount, he doesn't have to mention it."}, {"start": "00:17:56", "end": "00:18:00", "text": "But they have his portfolio out there. I"}, {"start": "00:17:58", "end": "00:18:03", "text": "dug into it. I saw a couple other"}, {"start": "00:18:00", "end": "00:18:05", "text": "people. They have listings here. I saw"}, {"start": "00:18:03", "end": "00:18:06", "text": "this. I cross-cheed this one. This one"}, {"start": "00:18:05", "end": "00:18:08", "text": "looked pretty good, but there was a"}, {"start": "00:18:06", "end": "00:18:10", "text": "major major Salana altcoin not on this"}, {"start": "00:18:08", "end": "00:18:12", "text": "list. I'll reveal that in a second."}, {"start": "00:18:10", "end": "00:18:15", "text": "Kevin Walsh owns 30 plus crypto projects"}, {"start": "00:18:12", "end": "00:18:18", "text": "and you're bearish. He has Salana,"}, {"start": "00:18:15", "end": "00:18:21", "text": "Optimism, Blast, Compound, BYDX,"}, {"start": "00:18:18", "end": "00:18:24", "text": "Polychain, Scalar Capital, Lightning"}, {"start": "00:18:21", "end": "00:18:25", "text": "Network, and Lighter. Now, the Lightning"}, {"start": "00:18:24", "end": "00:18:27", "text": "Network, that one's a little bit"}, {"start": "00:18:25", "end": "00:18:29", "text": "interesting. Maybe has equity in the"}, {"start": "00:18:27", "end": "00:18:32", "text": "company running like he's working with"}, {"start": "00:18:29", "end": "00:18:34", "text": "Jack Mers there. The next Fed chair is"}, {"start": "00:18:32", "end": "00:18:38", "text": "more degenerate than you are. And here"}, {"start": "00:18:34", "end": "00:18:40", "text": "you can see a lot of this is very low"}, {"start": "00:18:38", "end": "00:18:42", "text": "cap weird things probably dead projects"}, {"start": "00:18:40", "end": "00:18:44", "text": "here."}, {"start": "00:18:42", "end": "00:18:46", "text": ">> What is the Salana altcoin though?"}, {"start": "00:18:44", "end": "00:18:48", "text": ">> What do they miss now? Compound. Now"}, {"start": "00:18:46", "end": "00:18:49", "text": "first Drew, what's your favorite one"}, {"start": "00:18:48", "end": "00:18:51", "text": "here?"}, {"start": "00:18:49", "end": "00:18:54", "text": ">> I mean"}, {"start": "00:18:51", "end": "00:18:56", "text": ">> what's the best altcoin he has?"}, {"start": "00:18:54", "end": "00:18:58", "text": ">> I think like Render would be in there. I"}, {"start": "00:18:56", "end": "00:18:59", "text": "I kind of want to root for Render in"}, {"start": "00:18:58", "end": "00:19:02", "text": "this portfolio."}, {"start": "00:18:59", "end": "00:19:02", "text": ">> Well, you you front ran my uh reveal"}, {"start": "00:19:02", "end": "00:19:04", "text": "there."}, {"start": "00:19:02", "end": "00:19:06", "text": ">> Oh, dang it. We were talking about it"}, {"start": "00:19:04", "end": "00:19:08", "text": "beforehand. I started looking. I started"}, {"start": "00:19:06", "end": "00:19:09", "text": "cross referencing. I was like, \"God,"}, {"start": "00:19:08", "end": "00:19:11", "text": "this is taking way too long.\" I found"}, {"start": "00:19:09", "end": "00:19:11", "text": "render though."}, {"start": "00:19:11", "end": "00:19:14", "text": ">> Yeah,"}, {"start": "00:19:11", "end": "00:19:17", "text": ">> render cloud deployment program here or"}, {"start": "00:19:14", "end": "00:19:20", "text": "platform. Uh this is straight from the"}, {"start": "00:19:17", "end": "00:19:24", "text": "uh full disclosure here. It's many many"}, {"start": "00:19:20", "end": "00:19:25", "text": "many pages long. Many many pages long. I"}, {"start": "00:19:24", "end": "00:19:26", "text": "for me it's Salana."}, {"start": "00:19:25", "end": "00:19:27", "text": ">> Mhm."}, {"start": "00:19:26", "end": "00:19:28", "text": ">> Yeah."}, {"start": "00:19:27", "end": "00:19:30", "text": ">> Jupiter."}, {"start": "00:19:28", "end": "00:19:32", "text": ">> That's kind of surprising. And I'm I'm"}, {"start": "00:19:30", "end": "00:19:35", "text": "wondering when he bought Optim as well"}, {"start": "00:19:32", "end": "00:19:38", "text": "because like Optimism when it was really"}, {"start": "00:19:35", "end": "00:19:40", "text": "popular and a lot of people were banking"}, {"start": "00:19:38", "end": "00:19:44", "text": "on it being the next big thing. It was"}, {"start": "00:19:40", "end": "00:19:48", "text": "like $4 or you know $2. It was a way"}, {"start": "00:19:44", "end": "00:19:50", "text": "higher price. So I'm curious when he got"}, {"start": "00:19:48", "end": "00:19:53", "text": "those and you know definitely the"}, {"start": "00:19:50", "end": "00:19:55", "text": "amounts uh Vision's hollering out about"}, {"start": "00:19:53", "end": "00:19:56", "text": "it. The the amounts of what he holds is"}, {"start": "00:19:55", "end": "00:19:59", "text": "going to matter too."}, {"start": "00:19:56", "end": "00:20:01", "text": ">> Mhm. But um yeah, kind of surprised that"}, {"start": "00:19:59", "end": "00:20:02", "text": "he went that deep down the list of"}, {"start": "00:20:01", "end": "00:20:06", "text": "altcoins. That's that's"}, {"start": "00:20:02", "end": "00:20:06", "text": ">> I mean, look at this spouse holdings."}, {"start": "00:20:06", "end": "00:20:09", "text": ">> That is"}, {"start": "00:20:06", "end": "00:20:10", "text": ">> she's she's loaded."}, {"start": "00:20:09", "end": "00:20:12", "text": ">> All right, here we go. Now we're back"}, {"start": "00:20:10", "end": "00:20:14", "text": "into the more normal. Yeah, there's so"}, {"start": "00:20:12", "end": "00:20:16", "text": "many pages here. Okay, now now we're"}, {"start": "00:20:14", "end": "00:20:18", "text": "getting into the projects or the the"}, {"start": "00:20:16", "end": "00:20:22", "text": "companies there."}, {"start": "00:20:18", "end": "00:20:25", "text": ">> Trading platforms, a lot of AI stuff, AI"}, {"start": "00:20:22", "end": "00:20:28", "text": "cardiology, microbiome testing. I mean,"}, {"start": "00:20:25", "end": "00:20:29", "text": "he's very, very well diversified here. A"}, {"start": "00:20:28", "end": "00:20:30", "text": "lot of AI stuff. A lot of AI stuff."}, {"start": "00:20:29", "end": "00:20:32", "text": "Someone in the chat said, \"What does it"}, {"start": "00:20:30", "end": "00:20:34", "text": "matter what he's invested in?\" This"}, {"start": "00:20:32", "end": "00:20:37", "text": "gives you a snapshot of where he feels"}, {"start": "00:20:34", "end": "00:20:39", "text": "ideologically. And some people like an"}, {"start": "00:20:37", "end": "00:20:41", "text": "Elizabeth Warren, she might be against a"}, {"start": "00:20:39", "end": "00:20:42", "text": "lot of these things fundamentally. It's"}, {"start": "00:20:41", "end": "00:20:45", "text": "part of her core. So, if you thrust her"}, {"start": "00:20:42", "end": "00:20:47", "text": "into this leadership position, that will"}, {"start": "00:20:45", "end": "00:20:49", "text": "reflect her leadership. And so, if you"}, {"start": "00:20:47", "end": "00:20:52", "text": "think about this guy, he's pro DeFi,"}, {"start": "00:20:49", "end": "00:20:54", "text": "he's pro AI, he's pro technology, he's"}, {"start": "00:20:52", "end": "00:20:56", "text": "pro crypto. putting him in this"}, {"start": "00:20:54", "end": "00:20:58", "text": "leadership role is a very bullish sign"}, {"start": "00:20:56", "end": "00:21:02", "text": "for crypto if you don't I mean look at"}, {"start": "00:20:58", "end": "00:21:04", "text": "it this way he is going to his actions"}, {"start": "00:21:02", "end": "00:21:06", "text": "will reflect his bag because he's a"}, {"start": "00:21:04", "end": "00:21:08", "text": "human being and he's not going to be"}, {"start": "00:21:06", "end": "00:21:11", "text": "able to insulate himself from from his"}, {"start": "00:21:08", "end": "00:21:13", "text": "portfolio he is a human being with"}, {"start": "00:21:11", "end": "00:21:15", "text": "emotion so he can he could try to be"}, {"start": "00:21:13", "end": "00:21:16", "text": "impartial as best as he wants at the end"}, {"start": "00:21:15", "end": "00:21:18", "text": "of the day if there's something he's on"}, {"start": "00:21:16", "end": "00:21:21", "text": "the fence here and is bullish for Salana"}, {"start": "00:21:18", "end": "00:21:23", "text": "bullish for render bullish for a defi"}, {"start": "00:21:21", "end": "00:21:26", "text": "protocol he's going to lean lean towards"}, {"start": "00:21:23", "end": "00:21:26", "text": "h you know may maybe maybe I do like"}, {"start": "00:21:26", "end": "00:21:29", "text": "this"}, {"start": "00:21:26", "end": "00:21:32", "text": ">> right I think fade and tradfi has got an"}, {"start": "00:21:29", "end": "00:21:34", "text": "interesting point here compound is"}, {"start": "00:21:32", "end": "00:21:36", "text": "definitely a 2021"}, {"start": "00:21:34", "end": "00:21:38", "text": "darling of the altcoin"}, {"start": "00:21:36", "end": "00:21:40", "text": ">> sector the dapper labs I mean that's"}, {"start": "00:21:38", "end": "00:21:43", "text": "that's NBA one shots"}, {"start": "00:21:40", "end": "00:21:46", "text": ">> right right I mean we we were kings back"}, {"start": "00:21:43", "end": "00:21:49", "text": "when uh compound was a thing man like"}, {"start": "00:21:46", "end": "00:21:50", "text": "that was a time where alts were way"}, {"start": "00:21:49", "end": "00:21:52", "text": "better off in my opinion than they are"}, {"start": "00:21:50", "end": "00:21:54", "text": "now so kind of interesting"}, {"start": "00:21:52", "end": "00:21:58", "text": "100%. Now, Poly Market, some of this"}, {"start": "00:21:54", "end": "00:22:00", "text": "stuff was interesting. Like, he might be"}, {"start": "00:21:58", "end": "00:22:02", "text": "capital investors in some of these"}, {"start": "00:22:00", "end": "00:22:03", "text": "things. Brave is one of the ones that"}, {"start": "00:22:02", "end": "00:22:07", "text": "came to mind here. I think I I think the"}, {"start": "00:22:03", "end": "00:22:08", "text": "Brave Braves right here. Brave. It just"}, {"start": "00:22:07", "end": "00:22:11", "text": "says privacy focused ad blocking"}, {"start": "00:22:08", "end": "00:22:13", "text": "browser. Some people are jumping to"}, {"start": "00:22:11", "end": "00:22:15", "text": "conclusions assuming he holds the BAT"}, {"start": "00:22:13", "end": "00:22:17", "text": "token. He is so well connected. He might"}, {"start": "00:22:15", "end": "00:22:17", "text": "have equity in Brave."}, {"start": "00:22:17", "end": "00:22:19", "text": ">> Yeah."}, {"start": "00:22:17", "end": "00:22:21", "text": ">> Which is very that's way more bullish"}, {"start": "00:22:19", "end": "00:22:22", "text": "for crypto than if he held the BAT token"}, {"start": "00:22:21", "end": "00:22:24", "text": "in my opinion. Yeah, it's way more"}, {"start": "00:22:22", "end": "00:22:27", "text": "infrastructural and it and it shows that"}, {"start": "00:22:24", "end": "00:22:29", "text": "he's had a long-term interest in this"}, {"start": "00:22:27", "end": "00:22:32", "text": "kind of technology disrupting what"}, {"start": "00:22:29", "end": "00:22:36", "text": "currently exists from a broadstroke uh"}, {"start": "00:22:32", "end": "00:22:39", "text": "perspective. But, you know, like in this"}, {"start": "00:22:36", "end": "00:22:43", "text": "I I have done some digging into Wars'"}, {"start": "00:22:39", "end": "00:22:45", "text": "background and he I don't know if this"}, {"start": "00:22:43", "end": "00:22:47", "text": "whole idea that we need of cut to"}, {"start": "00:22:45", "end": "00:22:50", "text": "interest rates is really the actual"}, {"start": "00:22:47", "end": "00:22:53", "text": "catalyst that crypto needs to pump. I"}, {"start": "00:22:50", "end": "00:22:56", "text": "cuz like I saw a couple rate cuts over"}, {"start": "00:22:53", "end": "00:22:59", "text": "the course of 2025 and sure we get the"}, {"start": "00:22:56", "end": "00:23:01", "text": "initial pump but oftent times we would"}, {"start": "00:22:59", "end": "00:23:02", "text": "dump pretty aggressively after the rate"}, {"start": "00:23:01", "end": "00:23:05", "text": "cut happened and it never seemed like it"}, {"start": "00:23:02", "end": "00:23:06", "text": "was this night and shining armor to"}, {"start": "00:23:05", "end": "00:23:11", "text": "swoop down and to lift all these"}, {"start": "00:23:06", "end": "00:23:13", "text": "altcoins up with the tide. And the the"}, {"start": "00:23:11", "end": "00:23:15", "text": "M2 money supply is going into different"}, {"start": "00:23:13", "end": "00:23:17", "text": "infrastructure over the course of the"}, {"start": "00:23:15", "end": "00:23:20", "text": "last year and a half, two years. It's AI"}, {"start": "00:23:17", "end": "00:23:23", "text": "and power. So, you know, it really makes"}, {"start": "00:23:20", "end": "00:23:25", "text": "me question this whole narrative of, you"}, {"start": "00:23:23", "end": "00:23:27", "text": "know, cutting interest rates is that key"}, {"start": "00:23:25", "end": "00:23:29", "text": "to the door where we open it and there's"}, {"start": "00:23:27", "end": "00:23:32", "text": "this big shiny alt season on the other"}, {"start": "00:23:29", "end": "00:23:35", "text": "side of it. Um, you know, more so I"}, {"start": "00:23:32", "end": "00:23:37", "text": "think that altcoins I think they need"}, {"start": "00:23:35", "end": "00:23:40", "text": "utility and they need to be useful"}, {"start": "00:23:37", "end": "00:23:41", "text": "products and it's not every one of them"}, {"start": "00:23:40", "end": "00:23:43", "text": "is going to rise."}, {"start": "00:23:41", "end": "00:23:45", "text": ">> I did a video on this last week. I am"}, {"start": "00:23:43", "end": "00:23:46", "text": "sick and tired of people saying, and"}, {"start": "00:23:45", "end": "00:23:47", "text": "you're not saying that, uh, you're"}, {"start": "00:23:46", "end": "00:23:49", "text": "you're pointing this out. People are"}, {"start": "00:23:47", "end": "00:23:53", "text": "saying, \"Well, if the Fed increases"}, {"start": "00:23:49", "end": "00:23:55", "text": "rates, Bitcoin can't pump.\" Uh, let's"}, {"start": "00:23:53", "end": "00:23:58", "text": "see. The red line is the federal funds"}, {"start": "00:23:55", "end": "00:24:01", "text": "rate. The blue line is Bitcoin's price."}, {"start": "00:23:58", "end": "00:24:03", "text": "Yeah. Rates go up, Bitcoin kept pumping."}, {"start": "00:24:01", "end": "00:24:05", "text": "Rates go up, Bitcoin started pumping."}, {"start": "00:24:03", "end": "00:24:07", "text": "Uh, now this isn't always, of course,"}, {"start": "00:24:05", "end": "00:24:09", "text": "rates started to fall, Bitcoin started"}, {"start": "00:24:07", "end": "00:24:11", "text": "to fall. And this is a lot of this is,"}, {"start": "00:24:09", "end": "00:24:13", "text": "you know, Bitcoin's under 10K here. Uh,"}, {"start": "00:24:11", "end": "00:24:14", "text": "and this is a log chart here, so it gets"}, {"start": "00:24:13", "end": "00:24:17", "text": "a little bit weird, but yeah, I mean,"}, {"start": "00:24:14", "end": "00:24:19", "text": "you can see Fed's rate fell, Bitcoin"}, {"start": "00:24:17", "end": "00:24:22", "text": "started to fall, Fed's rate fell,"}, {"start": "00:24:19", "end": "00:24:23", "text": "Bitcoin started to fall. Yeah, there's"}, {"start": "00:24:22", "end": "00:24:25", "text": "definitely"}, {"start": "00:24:23", "end": "00:24:26", "text": "arguments for, yeah, risk on"}, {"start": "00:24:25", "end": "00:24:28", "text": "environment. It's going to be good for"}, {"start": "00:24:26", "end": "00:24:29", "text": "Bitcoin. You know, we got we got low"}, {"start": "00:24:28", "end": "00:24:31", "text": "interest rates. Everybody's looking for"}, {"start": "00:24:29", "end": "00:24:32", "text": "risky mechanisms here to make money."}, {"start": "00:24:31", "end": "00:24:34", "text": "Well, there's definitely an argument"}, {"start": "00:24:32", "end": "00:24:36", "text": "that Bitcoin can still pump in the face"}, {"start": "00:24:34", "end": "00:24:38", "text": "of high Fed fund rate there. So,"}, {"start": "00:24:36", "end": "00:24:40", "text": "interest rates go high, Bitcoin can"}, {"start": "00:24:38", "end": "00:24:42", "text": "still pump. It isn't a death now by any"}, {"start": "00:24:40", "end": "00:24:45", "text": "means here. But speaking of a death now,"}, {"start": "00:24:42", "end": "00:24:48", "text": "Drew, we got the global economy looking"}, {"start": "00:24:45", "end": "00:24:50", "text": "like it's about a keel over, man."}, {"start": "00:24:48", "end": "00:24:53", "text": ">> Okay. Okay. Well, let's lower interest"}, {"start": "00:24:50", "end": "00:24:55", "text": "rates so that we can make cheaper money"}, {"start": "00:24:53", "end": "00:24:56", "text": "and then people can take risky loans."}, {"start": "00:24:55", "end": "00:24:58", "text": ">> We can pay down this debt"}, {"start": "00:24:56", "end": "00:25:01", "text": ">> for sure. You know, let's just lower the"}, {"start": "00:24:58", "end": "00:25:03", "text": "interest rates and uh absolutely burn"}, {"start": "00:25:01", "end": "00:25:04", "text": "this whole house to the ground. It's"}, {"start": "00:25:03", "end": "00:25:08", "text": "monetarily irresponsible to cut rates"}, {"start": "00:25:04", "end": "00:25:09", "text": "in. And uh yeah, someone bringing this"}, {"start": "00:25:08", "end": "00:25:12", "text": "up. Uh yeah, the SEC just cleared out"}, {"start": "00:25:09", "end": "00:25:14", "text": "$25,000 minimum balance for day trading."}, {"start": "00:25:12", "end": "00:25:16", "text": "Liquidity is coming, at least in the"}, {"start": "00:25:14", "end": "00:25:19", "text": "stock market. Before I talk about this"}, {"start": "00:25:16", "end": "00:25:21", "text": "debt trap here, there was one stock that"}, {"start": "00:25:19", "end": "00:25:23", "text": "vastly overperformed off this news."}, {"start": "00:25:21", "end": "00:25:26", "text": "Hood."}, {"start": "00:25:23", "end": "00:25:29", "text": ">> Look at Hood. Hood loves this rule. God"}, {"start": "00:25:26", "end": "00:25:32", "text": "dang it, man. You know, I I talked about"}, {"start": "00:25:29", "end": "00:25:33", "text": "rebying because we sold the top."}, {"start": "00:25:32", "end": "00:25:35", "text": ">> I don't know if it was this peak or We"}, {"start": "00:25:33", "end": "00:25:37", "text": "sold the top. We sold the top for hood."}, {"start": "00:25:35", "end": "00:25:39", "text": "Put into some really, really good"}, {"start": "00:25:37", "end": "00:25:41", "text": "precious metals options. Put in some"}, {"start": "00:25:39", "end": "00:25:43", "text": "good oil options there. I missed the"}, {"start": "00:25:41", "end": "00:25:44", "text": "boat, man. I told you guys to buy. I"}, {"start": "00:25:43", "end": "00:25:46", "text": "told you. I didn't listen to my own"}, {"start": "00:25:44", "end": "00:25:47", "text": "advice, though. You know what? Dy took"}, {"start": "00:25:46", "end": "00:25:49", "text": "an L there. Dy took an L."}, {"start": "00:25:47", "end": "00:25:51", "text": ">> What you did with the money, though? You"}, {"start": "00:25:49", "end": "00:25:52", "text": "went in like 10 20. What did How many"}, {"start": "00:25:51", "end": "00:25:53", "text": "X's?"}, {"start": "00:25:52", "end": "00:25:56", "text": ">> I bought some. I bought a little"}, {"start": "00:25:53", "end": "00:25:56", "text": "Microsoft."}, {"start": "00:25:57", "end": "00:26:01", "text": ">> I know it didn't pump that hard."}, {"start": "00:26:00", "end": "00:26:04", "text": "Pretty good."}, {"start": "00:26:01", "end": "00:26:07", "text": ">> Okay. Okay. This one I'm scared to check"}, {"start": "00:26:04", "end": "00:26:09", "text": "on. I nibbled nibbled into some Nike"}, {"start": "00:26:07", "end": "00:26:11", "text": "here. Can't do class B. You got to do"}, {"start": "00:26:09", "end": "00:26:13", "text": "this one right here."}, {"start": "00:26:11", "end": "00:26:15", "text": "Okay."}, {"start": "00:26:13", "end": "00:26:18", "text": "Okay. So, we bought in this range. Uh I"}, {"start": "00:26:15", "end": "00:26:21", "text": "saw it hit 42 and change. I It was high"}, {"start": "00:26:18", "end": "00:26:22", "text": "42 like 80 or something. So, I got"}, {"start": "00:26:21", "end": "00:26:23", "text": "somewhere below 43."}, {"start": "00:26:22", "end": "00:26:24", "text": ">> Yeah."}, {"start": "00:26:23", "end": "00:26:25", "text": ">> Yeah. Okay."}, {"start": "00:26:24", "end": "00:26:29", "text": ">> There was a bunch of bros talking about"}, {"start": "00:26:25", "end": "00:26:30", "text": "this uh new rule the SEC. It was kind of"}, {"start": "00:26:29", "end": "00:26:32", "text": "surprising. like we were lifting weights"}, {"start": "00:26:30", "end": "00:26:35", "text": "and like, \"Hey, did you hear about that"}, {"start": "00:26:32", "end": "00:26:37", "text": "$25,000 rule that just got changed over"}, {"start": "00:26:35", "end": "00:26:38", "text": "from the SEC?\" I was like, \"What?\" And I"}, {"start": "00:26:37", "end": "00:26:41", "text": "started talking to these guys. They're"}, {"start": "00:26:38", "end": "00:26:43", "text": "financial adviserss and they have, you"}, {"start": "00:26:41", "end": "00:26:46", "text": "know, I mean, they they advise pretty"}, {"start": "00:26:43", "end": "00:26:49", "text": "high clients, but, you know, they can"}, {"start": "00:26:46", "end": "00:26:50", "text": "definitely give the nod that it will do"}, {"start": "00:26:49", "end": "00:26:51", "text": "a pretty good injection."}, {"start": "00:26:50", "end": "00:26:52", "text": ">> Did you ask them what do you think about"}, {"start": "00:26:51", "end": "00:26:54", "text": "Bitcoin?"}, {"start": "00:26:52", "end": "00:26:56", "text": ">> Yeah, I did. You know, they they laugh."}, {"start": "00:26:54", "end": "00:26:58", "text": "They think it's a Ponzi, you know, they"}, {"start": "00:26:56", "end": "00:27:00", "text": "think it's going to zero, all that that"}, {"start": "00:26:58", "end": "00:27:02", "text": "normal stuff. Like they're not"}, {"start": "00:27:00", "end": "00:27:04", "text": "interested in talking about it to their"}, {"start": "00:27:02", "end": "00:27:06", "text": ">> So, they're still on the what if Satoshi"}, {"start": "00:27:04", "end": "00:27:08", "text": "pops back up and makes 22 million"}, {"start": "00:27:06", "end": "00:27:11", "text": "Bitcoin phase."}, {"start": "00:27:08", "end": "00:27:12", "text": ">> Yes. 100%. You know, so I didn't really"}, {"start": "00:27:11", "end": "00:27:14", "text": "sit there trying to convince them, no,"}, {"start": "00:27:12", "end": "00:27:15", "text": "this is the new financial system. You"}, {"start": "00:27:14", "end": "00:27:19", "text": "just don't"}, {"start": "00:27:15", "end": "00:27:20", "text": ">> 21 million digital scarcity. Michael"}, {"start": "00:27:19", "end": "00:27:22", "text": "Sailor. Michael Sailor."}, {"start": "00:27:20", "end": "00:27:26", "text": ">> Yeah. No, I just started talking to him"}, {"start": "00:27:22", "end": "00:27:28", "text": "about Fed policy and, you know, uh, [�__�]"}, {"start": "00:27:26", "end": "00:27:30", "text": "that they know a little bit more"}, {"start": "00:27:28", "end": "00:27:34", "text": "concisely because, you know, there's no"}, {"start": "00:27:30", "end": "00:27:36", "text": "I I'm over trying to convince people to"}, {"start": "00:27:34", "end": "00:27:38", "text": "have control of their own financial"}, {"start": "00:27:36", "end": "00:27:41", "text": "future. I I will show the people that"}, {"start": "00:27:38", "end": "00:27:45", "text": "come here and I will talk about it. But"}, {"start": "00:27:41", "end": "00:27:48", "text": "I have, if you haven't seen the dollar"}, {"start": "00:27:45", "end": "00:27:49", "text": "be doubled and your buying power be cut"}, {"start": "00:27:48", "end": "00:27:51", "text": "in half over the last 5 years as a"}, {"start": "00:27:49", "end": "00:27:53", "text": "warning signal that you need to go find"}, {"start": "00:27:51", "end": "00:27:55", "text": "a new way to make money and retain that"}, {"start": "00:27:53", "end": "00:27:58", "text": "money. I don't know how to help them"}, {"start": "00:27:55", "end": "00:28:00", "text": "anymore, right? I the beginning talk is"}, {"start": "00:27:58", "end": "00:28:03", "text": "about Fed policy, inflation, and the"}, {"start": "00:28:00", "end": "00:28:05", "text": "reasons why you Bitcoin to begin with."}, {"start": "00:28:03", "end": "00:28:06", "text": "You know, um, you know, I'm not going to"}, {"start": "00:28:05", "end": "00:28:09", "text": "come out there and be like, well, what"}, {"start": "00:28:06", "end": "00:28:11", "text": "about XRP? Even though the guy behind"}, {"start": "00:28:09", "end": "00:28:12", "text": "him literally is wearing an XRP hat"}, {"start": "00:28:11", "end": "00:28:14", "text": "listening to me talk to these guys"}, {"start": "00:28:12", "end": "00:28:14", "text": "today. It was It was a weird"}, {"start": "00:28:14", "end": "00:28:16", "text": "conversation."}, {"start": "00:28:14", "end": "00:28:17", "text": ">> Man, y'all should have got like a"}, {"start": "00:28:16", "end": "00:28:21", "text": "wrestling match or something. You and"}, {"start": "00:28:17", "end": "00:28:23", "text": "XRP guy versus the Trady Bros."}, {"start": "00:28:21", "end": "00:28:23", "text": ">> We'd probably win. We'd probably for"}, {"start": "00:28:23", "end": "00:28:25", "text": "sure."}, {"start": "00:28:23", "end": "00:28:26", "text": ">> Put in the next karate combat. All"}, {"start": "00:28:25", "end": "00:28:28", "text": "right. You hear me? Crab fries. All"}, {"start": "00:28:26", "end": "00:28:30", "text": "right. 100% debt trap. So, let's talk"}, {"start": "00:28:28", "end": "00:28:32", "text": "about this trap here. So the IMF,"}, {"start": "00:28:30", "end": "00:28:35", "text": "International Monetary Fund, kind of"}, {"start": "00:28:32", "end": "00:28:38", "text": "control a lot of aspects of global money"}, {"start": "00:28:35", "end": "00:28:40", "text": "and how different countries coexist. So"}, {"start": "00:28:38", "end": "00:28:42", "text": "the IMF just put out one of the most"}, {"start": "00:28:40", "end": "00:28:44", "text": "bullish indicators for Bitcoin. At the"}, {"start": "00:28:42", "end": "00:28:46", "text": "core of this bullish indicator, this"}, {"start": "00:28:44", "end": "00:28:50", "text": "warning is a rise in global public debt."}, {"start": "00:28:46", "end": "00:28:55", "text": "IMF has projected 100%"}, {"start": "00:28:50", "end": "00:28:56", "text": "is going to hit 100% of GDP by 2029"}, {"start": "00:28:55", "end": "00:28:59", "text": "under the current trend. So we're not"}, {"start": "00:28:56", "end": "00:29:01", "text": "talking about 2039, 2050. We're talking"}, {"start": "00:28:59", "end": "00:29:04", "text": "about potentially two and a half years"}, {"start": "00:29:01", "end": "00:29:06", "text": "from now. In other words, by 2029, debt"}, {"start": "00:29:04", "end": "00:29:09", "text": "load will have grown to consume the"}, {"start": "00:29:06", "end": "00:29:11", "text": "entire global economic output. If if"}, {"start": "00:29:09", "end": "00:29:13", "text": "annual economic growth is equal to or"}, {"start": "00:29:11", "end": "00:29:15", "text": "fall short of the debt raised by issuing"}, {"start": "00:29:13", "end": "00:29:18", "text": "government bonds, markets could start"}, {"start": "00:29:15", "end": "00:29:20", "text": "questioning the physical solvency of"}, {"start": "00:29:18", "end": "00:29:23", "text": "sovereigns aka different countries and"}, {"start": "00:29:20", "end": "00:29:25", "text": "thereby demand a higher return for their"}, {"start": "00:29:23", "end": "00:29:27", "text": "bond yield for lending to governments."}, {"start": "00:29:25", "end": "00:29:30", "text": "That's precisely a scenario in which an"}, {"start": "00:29:27", "end": "00:29:31", "text": "asset like Bitcoin could stand out. And"}, {"start": "00:29:30", "end": "00:29:36", "text": "this is a little chart that they threw"}, {"start": "00:29:31", "end": "00:29:38", "text": "up right here. Uh 100% is this line."}, {"start": "00:29:36", "end": "00:29:41", "text": "2029. Look how much we're exceeding the"}, {"start": "00:29:38", "end": "00:29:42", "text": "2025 level. Uh they go a little bit more"}, {"start": "00:29:41", "end": "00:29:45", "text": "into the report there. A lot of it,"}, {"start": "00:29:42", "end": "00:29:47", "text": "Drew, is defense budgets."}, {"start": "00:29:45", "end": "00:29:48", "text": ">> Everybody's paying a lot more for"}, {"start": "00:29:47", "end": "00:29:50", "text": "defense budgets."}, {"start": "00:29:48", "end": "00:29:51", "text": ">> Yep. That's weird. You know, it's like"}, {"start": "00:29:50", "end": "00:29:53", "text": "uh why would they be doing that?"}, {"start": "00:29:51", "end": "00:29:55", "text": "Everything's so peaceful out in the"}, {"start": "00:29:53", "end": "00:29:57", "text": "world. That doesn't make sense. Why"}, {"start": "00:29:55", "end": "00:29:59", "text": "would you increase your defense budget?"}, {"start": "00:29:57", "end": "00:30:01", "text": ">> If I was Maduro's neighbor, I would pay"}, {"start": "00:29:59", "end": "00:30:03", "text": "extra for ring security, you know, if I"}, {"start": "00:30:01", "end": "00:30:06", "text": "was one of the other countries."}, {"start": "00:30:03", "end": "00:30:08", "text": ">> Yeah. I mean, defense budgets and uh"}, {"start": "00:30:06", "end": "00:30:12", "text": "energy production budgets are probably"}, {"start": "00:30:08", "end": "00:30:14", "text": "going to go in tandem with this AI uh"}, {"start": "00:30:12", "end": "00:30:17", "text": "you know, widespread release to the"}, {"start": "00:30:14", "end": "00:30:19", "text": "public. And there's a lot of different"}, {"start": "00:30:17", "end": "00:30:21", "text": "reasons why the government government"}, {"start": "00:30:19", "end": "00:30:23", "text": "wants to print another10 trillion"}, {"start": "00:30:21", "end": "00:30:25", "text": "dollars, you know. Um, so"}, {"start": "00:30:23", "end": "00:30:25", "text": ">> it's a few trillion between friends,"}, {"start": "00:30:25", "end": "00:30:27", "text": "Drew."}, {"start": "00:30:25", "end": "00:30:30", "text": ">> Exactly. You know, it's no big deal."}, {"start": "00:30:27", "end": "00:30:33", "text": ">> Now, this is very, very bullish. We we"}, {"start": "00:30:30", "end": "00:30:34", "text": "covered this a while ago, but we uh now"}, {"start": "00:30:33", "end": "00:30:35", "text": "it's just worth revisiting because a lot"}, {"start": "00:30:34", "end": "00:30:38", "text": "of people said, \"Well, it's not going to"}, {"start": "00:30:35", "end": "00:30:41", "text": "work because we covered it 202 months"}, {"start": "00:30:38", "end": "00:30:43", "text": "ago. So, at the 23 mark, we're at the 25"}, {"start": "00:30:41", "end": "00:30:45", "text": "mark. Look at look at this. This is only"}, {"start": "00:30:43", "end": "00:30:48", "text": "about 30 sec 29 seconds, not even 30"}, {"start": "00:30:45", "end": "00:30:50", "text": "seconds. Bitcoin's bottom 23 months"}, {"start": "00:30:48", "end": "00:30:53", "text": "after the new all-time high every single"}, {"start": "00:30:50", "end": "00:30:56", "text": "cycle. We're not at month 23. We're at"}, {"start": "00:30:53", "end": "00:30:58", "text": "25, but 23 was the low. This setup has"}, {"start": "00:30:56", "end": "00:31:00", "text": "never failed. Let's listen in here."}, {"start": "00:30:58", "end": "00:31:02", "text": ">> If you've been waiting for a sign to buy"}, {"start": "00:31:00", "end": "00:31:04", "text": "more Bitcoin, this is it. So, there's a"}, {"start": "00:31:02", "end": "00:31:06", "text": "very clear pattern when it comes to"}, {"start": "00:31:04", "end": "00:31:08", "text": "Bitcoin. Okay, this is a monthly time"}, {"start": "00:31:06", "end": "00:31:11", "text": "frame, which means one bar equals 1"}, {"start": "00:31:08", "end": "00:31:13", "text": "month. So, historically, when the market"}, {"start": "00:31:11", "end": "00:31:15", "text": "breaks its previous all-time high, it"}, {"start": "00:31:13", "end": "00:31:18", "text": "takes about 23 months for that to"}, {"start": "00:31:15", "end": "00:31:20", "text": "bottom. This has literally never failed"}, {"start": "00:31:18", "end": "00:31:22", "text": "throughout history. And guess what? We"}, {"start": "00:31:20", "end": "00:31:24", "text": "are at that exact stage right now. So"}, {"start": "00:31:22", "end": "00:31:27", "text": "historically, what comes next from this"}, {"start": "00:31:24", "end": "00:31:27", "text": "level is a massive Bitcoin expansion."}, {"start": "00:31:27", "end": "00:31:30", "text": ">> If you"}, {"start": "00:31:27", "end": "00:31:32", "text": ">> I like the sound of that, Drew."}, {"start": "00:31:30", "end": "00:31:32", "text": ">> And that's a log logarithmic layout,"}, {"start": "00:31:32", "end": "00:31:34", "text": "right?"}, {"start": "00:31:32", "end": "00:31:35", "text": ">> No, no, it doesn't matter because you're"}, {"start": "00:31:34", "end": "00:31:37", "text": "just passing the pre Well, it is, but"}, {"start": "00:31:35", "end": "00:31:39", "text": "that's irrelevant. You're just passing"}, {"start": "00:31:37", "end": "00:31:39", "text": "the previous all-time high."}, {"start": "00:31:39", "end": "00:31:41", "text": ">> True. True."}, {"start": "00:31:39", "end": "00:31:42", "text": ">> So, we just did that to make it look a"}, {"start": "00:31:41", "end": "00:31:44", "text": "little cleaner here."}, {"start": "00:31:42", "end": "00:31:46", "text": ">> Yeah. And just looking at it, was it the"}, {"start": "00:31:44", "end": "00:31:51", "text": "Japanese yen carry trade, which he used"}, {"start": "00:31:46", "end": "00:31:53", "text": "to mark that more recent low? uh at 49K"}, {"start": "00:31:51", "end": "00:31:54", "text": "just for for my reference on the charts"}, {"start": "00:31:53", "end": "00:31:57", "text": "because I'm actually interested in this"}, {"start": "00:31:54", "end": "00:31:59", "text": "theory. I've had uh my wife actually"}, {"start": "00:31:57", "end": "00:32:01", "text": "brought up this theory a little bit of"}, {"start": "00:31:59", "end": "00:32:02", "text": "time ago. So, I'm I want us to actually"}, {"start": "00:32:01", "end": "00:32:03", "text": "spend some time."}, {"start": "00:32:02", "end": "00:32:05", "text": ">> Well, let's just see. All right. So,"}, {"start": "00:32:03", "end": "00:32:08", "text": "this is a all-time high for Bitcoin."}, {"start": "00:32:05", "end": "00:32:09", "text": "With this candle, we passed I really"}, {"start": "00:32:08", "end": "00:32:11", "text": "should do the wick. So, with this"}, {"start": "00:32:09", "end": "00:32:15", "text": "candle, we passed this previous all-time"}, {"start": "00:32:11", "end": "00:32:16", "text": "high. And so, that's the 14 one. Oh,"}, {"start": "00:32:15", "end": "00:32:17", "text": "wait a minute. This is what it was. Here"}, {"start": "00:32:16", "end": "00:32:19", "text": "we go. Here we go. So, this is the"}, {"start": "00:32:17", "end": "00:32:21", "text": "all-time high for Bitcoin. You can see"}, {"start": "00:32:19", "end": "00:32:24", "text": "the wick. So, we pass it with this wick"}, {"start": "00:32:21", "end": "00:32:26", "text": "right there."}, {"start": "00:32:24", "end": "00:32:29", "text": "29. All right. So, here we go. This is"}, {"start": "00:32:26", "end": "00:32:30", "text": "where it starts. So, yeah. If I go back,"}, {"start": "00:32:29", "end": "00:32:32", "text": "he doesn't do the first one because"}, {"start": "00:32:30", "end": "00:32:34", "text": "Bitcoin's I mean, what price are we"}, {"start": "00:32:32", "end": "00:32:38", "text": "talking about here?"}, {"start": "00:32:34", "end": "00:32:41", "text": ">> $2, $3, $12. All right. So, here we go."}, {"start": "00:32:38", "end": "00:32:44", "text": "So, boom. We have the peak of 2013. We"}, {"start": "00:32:41", "end": "00:32:46", "text": "pass the peak of 2013."}, {"start": "00:32:44", "end": "00:32:48", "text": "You really want to be technical here. I"}, {"start": "00:32:46", "end": "00:32:52", "text": "would say is this candle."}, {"start": "00:32:48", "end": "00:32:54", "text": "Do we find a bottom in 23 months?"}, {"start": "00:32:52", "end": "00:32:56", "text": "Find a bottom in 22 months. That's the"}, {"start": "00:32:54", "end": "00:33:00", "text": "one he said it was 21. Let's try again."}, {"start": "00:32:56", "end": "00:33:02", "text": "So we have the peak here 2017. We pass"}, {"start": "00:33:00", "end": "00:33:04", "text": "the peak."}, {"start": "00:33:02", "end": "00:33:05", "text": "I would say this candle. You can make an"}, {"start": "00:33:04", "end": "00:33:09", "text": "argument this one. We'll say this. Do we"}, {"start": "00:33:05", "end": "00:33:10", "text": "hit a bottom in 23 months?"}, {"start": "00:33:09", "end": "00:33:10", "text": ">> 23 months."}, {"start": "00:33:10", "end": "00:33:13", "text": ">> Okay."}, {"start": "00:33:10", "end": "00:33:15", "text": ">> All right. Here we have the 2021 peak of"}, {"start": "00:33:13", "end": "00:33:17", "text": "November. Go straight across. We pass it"}, {"start": "00:33:15", "end": "00:33:20", "text": "with this candle. Do we hit a bottom in"}, {"start": "00:33:17", "end": "00:33:23", "text": "23 months?"}, {"start": "00:33:20", "end": "00:33:26", "text": ">> 23 months. No,"}, {"start": "00:33:23", "end": "00:33:28", "text": "that's freaking cool. Okay, that does"}, {"start": "00:33:26", "end": "00:33:31", "text": "check out. Um,"}, {"start": "00:33:28", "end": "00:33:33", "text": "yeah. I mean, that actually backs up me"}, {"start": "00:33:31", "end": "00:33:37", "text": "feeling iffy about hoping for stuff in"}, {"start": "00:33:33", "end": "00:33:38", "text": "the uh in the mid50s, you know, cuz I am"}, {"start": "00:33:37", "end": "00:33:40", "text": "starting to feel a little bit"}, {"start": "00:33:38", "end": "00:33:42", "text": "uncomfortable"}, {"start": "00:33:40", "end": "00:33:45", "text": "uh, you know, out here saying that, you"}, {"start": "00:33:42", "end": "00:33:48", "text": "know, 60K isn't the true bottom. just"}, {"start": "00:33:45", "end": "00:33:51", "text": "seeing how uppidity Bitcoin's been"}, {"start": "00:33:48", "end": "00:33:52", "text": "lately and you know in the context and"}, {"start": "00:33:51", "end": "00:33:54", "text": "the backdrop of everything going on with"}, {"start": "00:33:52", "end": "00:33:56", "text": "commodities,"}, {"start": "00:33:54", "end": "00:33:58", "text": "you know, trade routes being cut off."}, {"start": "00:33:56", "end": "00:34:00", "text": "Bitcoin"}, {"start": "00:33:58", "end": "00:34:02", "text": "pumping nicely in this environment. What"}, {"start": "00:34:00", "end": "00:34:04", "text": "up, Kelly Kellum in the uh"}, {"start": "00:34:02", "end": "00:34:06", "text": ">> Yeah, we might have some AI bots in the"}, {"start": "00:34:04", "end": "00:34:08", "text": "near term, folks. So, that's going to be"}, {"start": "00:34:06", "end": "00:34:10", "text": "pretty cool. Now, uh we're going to show"}, {"start": "00:34:08", "end": "00:34:13", "text": "a little bit of Bitcoin stuff and then"}, {"start": "00:34:10", "end": "00:34:15", "text": "we're going to bring on a Bitcoin"}, {"start": "00:34:13", "end": "00:34:19", "text": "fanatic. This guy is a fanatic about"}, {"start": "00:34:15", "end": "00:34:21", "text": "Bitcoin. We got Shawn Hagen. Sean Hagen"}, {"start": "00:34:19", "end": "00:34:22", "text": "over here. So Sean Hagen, you're from"}, {"start": "00:34:21", "end": "00:34:25", "text": "Bitcoin Conference. Before we get into"}, {"start": "00:34:22", "end": "00:34:27", "text": "it, I I just want to do a little bit of"}, {"start": "00:34:25", "end": "00:34:28", "text": "uh just just shill the Bitcoin"}, {"start": "00:34:27", "end": "00:34:29", "text": "conference for you a little bit here"}, {"start": "00:34:28", "end": "00:34:31", "text": "since you're nice enough to give us your"}, {"start": "00:34:29", "end": "00:34:33", "text": "time. If you go down to the description"}, {"start": "00:34:31", "end": "00:34:35", "text": "right here, Bitcoin Conference, click on"}, {"start": "00:34:33", "end": "00:34:36", "text": "that link, it will take you to this"}, {"start": "00:34:35", "end": "00:34:38", "text": "page. It's going to be the landing page"}, {"start": "00:34:36", "end": "00:34:41", "text": "for Bitcoin Conference. You can click on"}, {"start": "00:34:38", "end": "00:34:43", "text": "passes, bypasses, and it is code"}, {"start": "00:34:41", "end": "00:34:45", "text": "discover. And this is going to autopop"}, {"start": "00:34:43", "end": "00:34:47", "text": "populate here. Promo code successfully"}, {"start": "00:34:45", "end": "00:34:49", "text": "applied. This is the cheapest you can"}, {"start": "00:34:47", "end": "00:34:51", "text": "get the tickets. And Sean, you said"}, {"start": "00:34:49", "end": "00:34:52", "text": "something uh major major change to the"}, {"start": "00:34:51", "end": "00:34:55", "text": "prices soon. Is that true?"}, {"start": "00:34:52", "end": "00:34:56", "text": ">> This Saturday, prices are going way up."}, {"start": "00:34:55", "end": "00:34:58", "text": "Uh so the cheapest you'll ever get a"}, {"start": "00:34:56", "end": "00:35:00", "text": "ticket is right now using uh the"}, {"start": "00:34:58", "end": "00:35:02", "text": "discover code."}, {"start": "00:35:00", "end": "00:35:03", "text": ">> All right. Love it. Love it. Now, I"}, {"start": "00:35:02", "end": "00:35:05", "text": "don't know if you heard the tail end of"}, {"start": "00:35:03", "end": "00:35:08", "text": "that. We're talking about Kevin Worsh."}, {"start": "00:35:05", "end": "00:35:10", "text": "Kevin Walsh is gonna replace Jerome Pal."}, {"start": "00:35:08", "end": "00:35:12", "text": "He is very pro- crypto if you look at"}, {"start": "00:35:10", "end": "00:35:15", "text": "his portfolio."}, {"start": "00:35:12", "end": "00:35:17", "text": "Is that going to affect crypto holders"}, {"start": "00:35:15", "end": "00:35:20", "text": "bags or is he just going to be totally"}, {"start": "00:35:17", "end": "00:35:21", "text": "insulated and non-bias? What what is"}, {"start": "00:35:20", "end": "00:35:23", "text": "your opinion here?"}, {"start": "00:35:21", "end": "00:35:24", "text": ">> Well, first thanks for having me on and"}, {"start": "00:35:23", "end": "00:35:27", "text": "uh you know, you nailed it. Bitcoin"}, {"start": "00:35:24", "end": "00:35:29", "text": "fanatic. Uh that's why I work where I"}, {"start": "00:35:27", "end": "00:35:32", "text": "work. But uh yeah, thanks for thanks for"}, {"start": "00:35:29", "end": "00:35:35", "text": "having me. Happy to be here. War is"}, {"start": "00:35:32", "end": "00:35:38", "text": "interesting. Um obviously he's a crypto"}, {"start": "00:35:35", "end": "00:35:40", "text": "guy. Obviously, he has some uh I would"}, {"start": "00:35:38", "end": "00:35:42", "text": "say substantial holdings, but at the end"}, {"start": "00:35:40", "end": "00:35:45", "text": "of the day, um you got to remember what"}, {"start": "00:35:42", "end": "00:35:46", "text": "administration this is, and I think that"}, {"start": "00:35:45", "end": "00:35:49", "text": "at the end of the day, what he's being"}, {"start": "00:35:46", "end": "00:35:50", "text": "selected for is loyalty and being able"}, {"start": "00:35:49", "end": "00:35:52", "text": "to do the job that the administration"}, {"start": "00:35:50", "end": "00:35:55", "text": "needs or at least is hoping for him to"}, {"start": "00:35:52", "end": "00:35:56", "text": "do. Um so, in conversations, I would"}, {"start": "00:35:55", "end": "00:35:59", "text": "suppose that's what he's signaling. I"}, {"start": "00:35:56", "end": "00:36:00", "text": "would suppose that's what he's uh at"}, {"start": "00:35:59", "end": "00:36:03", "text": "least leading them to believe. if he"}, {"start": "00:36:00", "end": "00:36:05", "text": "comes in, maybe he's a bit more uh"}, {"start": "00:36:03", "end": "00:36:08", "text": "conserved than, you know, strictly doing"}, {"start": "00:36:05", "end": "00:36:11", "text": "what he might be, uh, nominated to do,"}, {"start": "00:36:08", "end": "00:36:13", "text": "uh, which, uh, is pretty clearly to to"}, {"start": "00:36:11", "end": "00:36:15", "text": "lower rates, uh, and kind of spark spark"}, {"start": "00:36:13", "end": "00:36:18", "text": "the economy hopefully that way would be"}, {"start": "00:36:15", "end": "00:36:20", "text": "the thought. So, um, I think it's going"}, {"start": "00:36:18", "end": "00:36:21", "text": "to be more so about that. That's what"}, {"start": "00:36:20", "end": "00:36:22", "text": "I'm more interested in. And then what"}, {"start": "00:36:21", "end": "00:36:24", "text": "are the downstream effects of that on on"}, {"start": "00:36:22", "end": "00:36:27", "text": "crypto?"}, {"start": "00:36:24", "end": "00:36:29", "text": "Uh, now speaking of crypto, there's a"}, {"start": "00:36:27", "end": "00:36:31", "text": "another downstream effect I would like"}, {"start": "00:36:29", "end": "00:36:33", "text": "to throw your way. And this one, it gets"}, {"start": "00:36:31", "end": "00:36:35", "text": "a little bit, you know, it's definitely"}, {"start": "00:36:33", "end": "00:36:37", "text": "going to be an opinion here. So, Micro"}, {"start": "00:36:35", "end": "00:36:38", "text": "Strategy, they bought a whole lot of"}, {"start": "00:36:37", "end": "00:36:41", "text": "Bitcoin, you know, over the past 48"}, {"start": "00:36:38", "end": "00:36:43", "text": "hours or so. Uh, look, you know, 450"}, {"start": "00:36:41", "end": "00:36:45", "text": "Bitcoin or mined per day. Stretch"}, {"start": "00:36:43", "end": "00:36:46", "text": "Perpetual bought it in a minute. I"}, {"start": "00:36:45", "end": "00:36:49", "text": "haven't done the math yet, but, you"}, {"start": "00:36:46", "end": "00:36:52", "text": "know, they got 6,000 in a day. Look at"}, {"start": "00:36:49", "end": "00:36:55", "text": "the odds if Micro Strategy hits a"}, {"start": "00:36:52", "end": "00:36:57", "text": "million Bitcoin. 1 million Bitcoin. If"}, {"start": "00:36:55", "end": "00:37:00", "text": "you go back a week ago, the odds were"}, {"start": "00:36:57", "end": "00:37:03", "text": "less than 30%. You fast forward to"}, {"start": "00:37:00", "end": "00:37:06", "text": "today, it is now 50%, it was above 50%"}, {"start": "00:37:03", "end": "00:37:08", "text": "at one point. It was up to 55%. So now"}, {"start": "00:37:06", "end": "00:37:10", "text": "we're at a coin toss. If Micro Strategy"}, {"start": "00:37:08", "end": "00:37:12", "text": "gets a million Bitcoin by the end of the"}, {"start": "00:37:10", "end": "00:37:14", "text": "year, Sean, is there a number in where"}, {"start": "00:37:12", "end": "00:37:16", "text": "the Bitcoin community says Michael"}, {"start": "00:37:14", "end": "00:37:18", "text": "Sailor has too much? What do you think"}, {"start": "00:37:16", "end": "00:37:20", "text": "that number is?"}, {"start": "00:37:18", "end": "00:37:23", "text": ">> No, I really don't. Um I I I I don't"}, {"start": "00:37:20", "end": "00:37:25", "text": "think there's a number uh in my opinion"}, {"start": "00:37:23", "end": "00:37:27", "text": "cuz you know it's not proof of stake."}, {"start": "00:37:25", "end": "00:37:28", "text": "This isn't a proof ofstake network,"}, {"start": "00:37:27", "end": "00:37:31", "text": "right? This is this is a proofof work"}, {"start": "00:37:28", "end": "00:37:33", "text": "network. Uh so it's not like he's buying"}, {"start": "00:37:31", "end": "00:37:36", "text": "up all all the mining companies and"}, {"start": "00:37:33", "end": "00:37:38", "text": "starting to censor transactions and do"}, {"start": "00:37:36", "end": "00:37:40", "text": ">> I guess my my negative here would be"}, {"start": "00:37:38", "end": "00:37:42", "text": "let's just say he got in a you know"}, {"start": "00:37:40", "end": "00:37:44", "text": "tragic accident. You know will the new"}, {"start": "00:37:42", "end": "00:37:46", "text": "ownership structure be as bullish as"}, {"start": "00:37:44", "end": "00:37:47", "text": "Michael Sailor? Would that create you"}, {"start": "00:37:46", "end": "00:37:49", "text": "know maybe a deleveraging event? Would"}, {"start": "00:37:47", "end": "00:37:50", "text": "they maybe start clearing out some of"}, {"start": "00:37:49", "end": "00:37:52", "text": "the balance sheet? At a certain point,"}, {"start": "00:37:50", "end": "00:37:56", "text": "you got to think about, you know, the"}, {"start": "00:37:52", "end": "00:37:57", "text": "guy's Bitcoin holdings with his with his"}, {"start": "00:37:56", "end": "00:37:58", "text": "mortality. I'm just trying to be careful"}, {"start": "00:37:57", "end": "00:38:00", "text": "with my words here."}, {"start": "00:37:58", "end": "00:38:01", "text": ">> Yeah. No, look, from from that"}, {"start": "00:38:00", "end": "00:38:03", "text": "perspective, absolutely. I hear your"}, {"start": "00:38:01", "end": "00:38:05", "text": "point. And um you know, you never want"}, {"start": "00:38:03", "end": "00:38:07", "text": "to assume the worst. We're hoping that"}, {"start": "00:38:05", "end": "00:38:09", "text": "Michael has a a long and healthy life."}, {"start": "00:38:07", "end": "00:38:11", "text": ">> Yeah. Charlie Munger. Yeah. We want that"}, {"start": "00:38:09", "end": "00:38:11", "text": "Warren Buffett lives to 100 years old."}, {"start": "00:38:11", "end": "00:38:13", "text": "For sure."}, {"start": "00:38:11", "end": "00:38:15", "text": ">> But um but yeah, no, look, everybody"}, {"start": "00:38:13", "end": "00:38:18", "text": "dies. Silicon Valley hasn't solved that"}, {"start": "00:38:15", "end": "00:38:18", "text": "one yet. They're trying but uh not yet."}, {"start": "00:38:18", "end": "00:38:20", "text": "And uh"}, {"start": "00:38:18", "end": "00:38:22", "text": ">> we'll talk about how Finny like that."}, {"start": "00:38:20", "end": "00:38:24", "text": "Okay. I will not accept how Finny"}, {"start": "00:38:22", "end": "00:38:26", "text": "slander."}, {"start": "00:38:24", "end": "00:38:29", "text": ">> No howy slander here. Um you know it"}, {"start": "00:38:26", "end": "00:38:33", "text": "just uh I think the humans will always"}, {"start": "00:38:29", "end": "00:38:36", "text": "be uh constrained by our our material"}, {"start": "00:38:33", "end": "00:38:39", "text": "restraints. But you know I"}, {"start": "00:38:36", "end": "00:38:41", "text": "I think that um"}, {"start": "00:38:39", "end": "00:38:43", "text": "he's already got such a large stake in"}, {"start": "00:38:41", "end": "00:38:44", "text": "the network. But in the grand scheme of"}, {"start": "00:38:43", "end": "00:38:46", "text": "things, as as Bitcoin's market cap"}, {"start": "00:38:44", "end": "00:38:49", "text": "continues to rise, I would I would say"}, {"start": "00:38:46", "end": "00:38:52", "text": "once he starts to uh get past Satoshi's"}, {"start": "00:38:49", "end": "00:38:53", "text": "wallet with some pace, maybe we start to"}, {"start": "00:38:52", "end": "00:38:55", "text": "start to hear some Bitcoiners ask some"}, {"start": "00:38:53", "end": "00:38:56", "text": "questions because, you know, you got to"}, {"start": "00:38:55", "end": "00:38:58", "text": "think about what is the zeitgeist,"}, {"start": "00:38:56", "end": "00:39:01", "text": "right? Like what is kind of the the"}, {"start": "00:38:58", "end": "00:39:03", "text": "Bitcoiner hive mind used to um and"}, {"start": "00:39:01", "end": "00:39:05", "text": "whether it's too much or too little and"}, {"start": "00:39:03", "end": "00:39:07", "text": "what the market impact will be. We could"}, {"start": "00:39:05", "end": "00:39:09", "text": "discuss that all day, but Bitcoiners are"}, {"start": "00:39:07", "end": "00:39:11", "text": "used to somebody having a stack the size"}, {"start": "00:39:09", "end": "00:39:14", "text": "of Satoshi's and it's just kind of"}, {"start": "00:39:11", "end": "00:39:15", "text": "hanging out there, right? So, so I think"}, {"start": "00:39:14", "end": "00:39:18", "text": "that's when you start to see kind of the"}, {"start": "00:39:15", "end": "00:39:20", "text": "the the general psychology start to flip"}, {"start": "00:39:18", "end": "00:39:20", "text": "of Bitcoiners. That that's where I would"}, {"start": "00:39:20", "end": "00:39:22", "text": "point to"}, {"start": "00:39:20", "end": "00:39:24", "text": ">> I'm glad you brought up Satoshi because"}, {"start": "00:39:22", "end": "00:39:25", "text": "this we just got a Bitcoin improvement"}, {"start": "00:39:24", "end": "00:39:29", "text": "proposal. Bitcoin improvement proposal"}, {"start": "00:39:25", "end": "00:39:30", "text": "361. This one is proposing to freeze"}, {"start": "00:39:29", "end": "00:39:32", "text": "early Bitcoin addresses that have"}, {"start": "00:39:30", "end": "00:39:33", "text": "quantum vulnerabilities. We've covered"}, {"start": "00:39:32", "end": "00:39:36", "text": "this on this channel a lot. Just a quick"}, {"start": "00:39:33", "end": "00:39:38", "text": "refresher. Old Bitcoin wallets are"}, {"start": "00:39:36", "end": "00:39:41", "text": "vulnerable to quantum attacks. Not the"}, {"start": "00:39:38", "end": "00:39:42", "text": "Bitcoin network, but old wallets. You'll"}, {"start": "00:39:41", "end": "00:39:44", "text": "see some numbers where they say, \"Oh,"}, {"start": "00:39:42", "end": "00:39:46", "text": "it's only this amount.\" The total number"}, {"start": "00:39:44", "end": "00:39:49", "text": "is roughly, you know, four 4 million."}, {"start": "00:39:46", "end": "00:39:52", "text": "I've seen 4.7. 4 million Bitcoin are at"}, {"start": "00:39:49", "end": "00:39:55", "text": "risk and the proposal is essentially"}, {"start": "00:39:52", "end": "00:39:57", "text": "going to freeze these wallets. What are"}, {"start": "00:39:55", "end": "00:40:00", "text": "your thoughts on this? And, you know, if"}, {"start": "00:39:57", "end": "00:40:02", "text": "if you were in charge, you know, do do"}, {"start": "00:40:00", "end": "00:40:04", "text": "you have a way you're leaning here?"}, {"start": "00:40:02", "end": "00:40:08", "text": "Look, for me personally, I I think we"}, {"start": "00:40:04", "end": "00:40:10", "text": "have more time than uh the headlines"}, {"start": "00:40:08", "end": "00:40:11", "text": "would let you think to to figure this"}, {"start": "00:40:10", "end": "00:40:12", "text": "out. So, I wouldn't rush into anything,"}, {"start": "00:40:11", "end": "00:40:15", "text": "especially something that's going to"}, {"start": "00:40:12", "end": "00:40:17", "text": "have the the ethical burden of something"}, {"start": "00:40:15", "end": "00:40:19", "text": "like this, right? Like, I'm a philosophy"}, {"start": "00:40:17", "end": "00:40:22", "text": "guy. That's my background uh before"}, {"start": "00:40:19", "end": "00:40:24", "text": "finance. And and you know, obviously the"}, {"start": "00:40:22", "end": "00:40:27", "text": "the Bitcoin coder space tends to be a"}, {"start": "00:40:24", "end": "00:40:29", "text": "little bit more utilitarian. Um and and"}, {"start": "00:40:27", "end": "00:40:31", "text": "I think that you know the utilitarians"}, {"start": "00:40:29", "end": "00:40:33", "text": "would obviously just kind of look at the"}, {"start": "00:40:31", "end": "00:40:35", "text": "numbers here uh and say absolutely let's"}, {"start": "00:40:33", "end": "00:40:38", "text": "do it. But I think that even they would"}, {"start": "00:40:35", "end": "00:40:40", "text": "admit the the human cost of the loss of"}, {"start": "00:40:38", "end": "00:40:42", "text": "faith involved in kind of the deontology"}, {"start": "00:40:40", "end": "00:40:44", "text": "or the social contract element of it"}, {"start": "00:40:42", "end": "00:40:46", "text": "where people are going to say well you"}, {"start": "00:40:44", "end": "00:40:48", "text": "can't retroactively apply these new"}, {"start": "00:40:46", "end": "00:40:49", "text": "rules. I was obeying the rules at the"}, {"start": "00:40:48", "end": "00:40:51", "text": "time and now you're confiscating my"}, {"start": "00:40:49", "end": "00:40:53", "text": "property. So you know that's where it"}, {"start": "00:40:51", "end": "00:40:56", "text": "gets really tricky on kind of that"}, {"start": "00:40:53", "end": "00:40:58", "text": "ethical or moral front. Um, and so I I"}, {"start": "00:40:56", "end": "00:41:00", "text": "think it's a total false uh dilemma."}, {"start": "00:40:58", "end": "00:41:02", "text": "Like we don't have to rush into this"}, {"start": "00:41:00", "end": "00:41:04", "text": "right now, guys. Let's keep looking for"}, {"start": "00:41:02", "end": "00:41:06", "text": "better ways, but you know, life's about"}, {"start": "00:41:04", "end": "00:41:08", "text": "hard decisions. If we end up having to"}, {"start": "00:41:06", "end": "00:41:10", "text": "make a hard decision, we have to make a"}, {"start": "00:41:08", "end": "00:41:12", "text": "hard decision. And and obviously, uh,"}, {"start": "00:41:10", "end": "00:41:15", "text": "you know, Bitcoin is going to do what's"}, {"start": "00:41:12", "end": "00:41:17", "text": "best for for the network. Uh, you know,"}, {"start": "00:41:15", "end": "00:41:20", "text": "it's, you know, Sailor, speaking of him,"}, {"start": "00:41:17", "end": "00:41:23", "text": "he he calls it, uh, he calls it natural"}, {"start": "00:41:20", "end": "00:41:25", "text": "selection, right? And uh um you know"}, {"start": "00:41:23", "end": "00:41:26", "text": "that's that's what's going to happen at"}, {"start": "00:41:25", "end": "00:41:28", "text": "the end of the day or the network will"}, {"start": "00:41:26", "end": "00:41:30", "text": "cease to exist. But you know for the"}, {"start": "00:41:28", "end": "00:41:32", "text": "meantime I I think we really ought not"}, {"start": "00:41:30", "end": "00:41:33", "text": "be rushing into things especially where"}, {"start": "00:41:32", "end": "00:41:35", "text": "it's kind of ethically gray here."}, {"start": "00:41:33", "end": "00:41:37", "text": ">> Uh Evan Casey he summed it up one of our"}, {"start": "00:41:35", "end": "00:41:40", "text": "community members here. Old Bitcoin"}, {"start": "00:41:37", "end": "00:41:43", "text": "getting burned. If we did essentially"}, {"start": "00:41:40", "end": "00:41:45", "text": "burn 4 million Bitcoin, what do you"}, {"start": "00:41:43", "end": "00:41:46", "text": "think that does to the price? Does it,"}, {"start": "00:41:45", "end": "00:41:48", "text": "you know, pump immediately, dump"}, {"start": "00:41:46", "end": "00:41:51", "text": "immediately? You know, where's it at 12"}, {"start": "00:41:48", "end": "00:41:53", "text": "months later? You think? I don't think"}, {"start": "00:41:51", "end": "00:41:57", "text": "it's as immediate as people would think"}, {"start": "00:41:53", "end": "00:41:59", "text": "just because um you look at the profile"}, {"start": "00:41:57", "end": "00:42:01", "text": "of of passive buyers and passive flows"}, {"start": "00:41:59", "end": "00:42:04", "text": "and kind of where the market's at right"}, {"start": "00:42:01", "end": "00:42:06", "text": "now. I don't think that uh you're going"}, {"start": "00:42:04", "end": "00:42:10", "text": "to get kind of get this immediate uh um"}, {"start": "00:42:06", "end": "00:42:14", "text": "bid or a response, but it's undoubtedly"}, {"start": "00:42:10", "end": "00:42:16", "text": "bullish um for supply and demand. um the"}, {"start": "00:42:14", "end": "00:42:17", "text": "counter, you know, so so longdated, I"}, {"start": "00:42:16", "end": "00:42:20", "text": "think it probably tends to be bullish"}, {"start": "00:42:17", "end": "00:42:21", "text": "just just based on supply and demand."}, {"start": "00:42:20", "end": "00:42:23", "text": "But I do think there's a caveat there."}, {"start": "00:42:21", "end": "00:42:25", "text": "People could view that and interpret"}, {"start": "00:42:23", "end": "00:42:29", "text": "that as pretty bearish, right? What if"}, {"start": "00:42:25", "end": "00:42:31", "text": "what if I want to uh self-custody my"}, {"start": "00:42:29", "end": "00:42:33", "text": "coins and in the future this new"}, {"start": "00:42:31", "end": "00:42:36", "text": "perceived threat is presented and all of"}, {"start": "00:42:33", "end": "00:42:39", "text": "a sudden my coins are deemed non-cosher"}, {"start": "00:42:36", "end": "00:42:40", "text": "and uh I lose my my Bitcoin. Right now"}, {"start": "00:42:39", "end": "00:42:43", "text": "my Bitcoin is getting burned in that"}, {"start": "00:42:40", "end": "00:42:44", "text": "next trunch. So, um, I think you're"}, {"start": "00:42:43", "end": "00:42:45", "text": "going to see some people that say,"}, {"start": "00:42:44", "end": "00:42:47", "text": "\"Okay, that's it. I'm I'm done with"}, {"start": "00:42:45", "end": "00:42:49", "text": "Bitcoin, uh, because because they"}, {"start": "00:42:47", "end": "00:42:52", "text": "decided to burn these people's coins,"}, {"start": "00:42:49", "end": "00:42:53", "text": "uh, in a certain way. Obviously, you"}, {"start": "00:42:52", "end": "00:42:55", "text": "know, there's caveats to that argument."}, {"start": "00:42:53", "end": "00:42:57", "text": "These people have time to move their"}, {"start": "00:42:55", "end": "00:43:00", "text": "coins to new wallets. They know it's"}, {"start": "00:42:57", "end": "00:43:01", "text": "coming. That's a good point. Multi-year,"}, {"start": "00:43:00", "end": "00:43:02", "text": "you know, forecast.\""}, {"start": "00:43:01", "end": "00:43:04", "text": ">> Yeah. Yeah. For clarity, for clarity,"}, {"start": "00:43:02", "end": "00:43:06", "text": "this Bitcoin approval uh, proposal here,"}, {"start": "00:43:04", "end": "00:43:09", "text": "phase A, it's three phases. Phase A"}, {"start": "00:43:06", "end": "00:43:11", "text": "prevents new Bitcoin from being sent to"}, {"start": "00:43:09", "end": "00:43:13", "text": "those old addresses. second phase and"}, {"start": "00:43:11", "end": "00:43:16", "text": "validate the old style signatures."}, {"start": "00:43:13", "end": "00:43:18", "text": "Bitcoin sitting there is frozen after"}, {"start": "00:43:16", "end": "00:43:21", "text": "five years after five years. So it goes"}, {"start": "00:43:18", "end": "00:43:23", "text": "live five years later it would be frozen"}, {"start": "00:43:21", "end": "00:43:25", "text": "and then plan C potential rescue"}, {"start": "00:43:23", "end": "00:43:27", "text": "mechanism zero knowledge proofs. So if"}, {"start": "00:43:25", "end": "00:43:30", "text": "you miss the deadline of 5 years say"}, {"start": "00:43:27", "end": "00:43:31", "text": "you're in a coma say you're locked up uh"}, {"start": "00:43:30", "end": "00:43:33", "text": "then you could come out in your seed"}, {"start": "00:43:31", "end": "00:43:34", "text": "phrase to recover those frozen funds"}, {"start": "00:43:33", "end": "00:43:36", "text": "there. So that's uh that's the rules of"}, {"start": "00:43:34", "end": "00:43:39", "text": "the roads for this Bitcoin improvement"}, {"start": "00:43:36", "end": "00:43:41", "text": "proposal. It's it's a very interesting"}, {"start": "00:43:39", "end": "00:43:42", "text": "question here. I am curious chat. What"}, {"start": "00:43:41", "end": "00:43:45", "text": "do you guys think? Should we freeze"}, {"start": "00:43:42", "end": "00:43:48", "text": "Satoshi's wallet or not freeze? Type in"}, {"start": "00:43:45", "end": "00:43:50", "text": "freeze or no freeze here. I I think no"}, {"start": "00:43:48", "end": "00:43:52", "text": "matter what happens, this is a crazy"}, {"start": "00:43:50", "end": "00:43:54", "text": "prediction. Some number of people will"}, {"start": "00:43:52", "end": "00:43:56", "text": "be upset."}, {"start": "00:43:54", "end": "00:43:57", "text": ">> Yeah. Well, look, everyone's always"}, {"start": "00:43:56", "end": "00:44:00", "text": "going to be upset all the time. Always."}, {"start": "00:43:57", "end": "00:44:02", "text": "There's no there's no please everybody"}, {"start": "00:44:00", "end": "00:44:04", "text": "button. So, um if there was, we'd all"}, {"start": "00:44:02", "end": "00:44:06", "text": "press it maybe. I don't know. It'd"}, {"start": "00:44:04", "end": "00:44:09", "text": "probably be pretty uh pretty evil,"}, {"start": "00:44:06", "end": "00:44:11", "text": "actually on the backside. But look, I at"}, {"start": "00:44:09", "end": "00:44:13", "text": "the end of the day, the proposed plan is"}, {"start": "00:44:11", "end": "00:44:15", "text": "a slow roll out. I think people would"}, {"start": "00:44:13", "end": "00:44:17", "text": "have their time, but um I also think we"}, {"start": "00:44:15", "end": "00:44:18", "text": "we even ought wait a little bit to"}, {"start": "00:44:17", "end": "00:44:20", "text": "implement this, frankly."}, {"start": "00:44:18", "end": "00:44:22", "text": ">> Uh we have a good question here about"}, {"start": "00:44:20", "end": "00:44:24", "text": "the conference here. If they pay in"}, {"start": "00:44:22", "end": "00:44:27", "text": "Bitcoin, do they still get the discount?"}, {"start": "00:44:24", "end": "00:44:30", "text": ">> Yeah, 100%. We're we're doing a uh uh an"}, {"start": "00:44:27", "end": "00:44:31", "text": "additional sale right now, too. Um so,"}, {"start": "00:44:30", "end": "00:44:33", "text": "you know, even uh I think you might even"}, {"start": "00:44:31", "end": "00:44:35", "text": "get a deeper discount if you pay in"}, {"start": "00:44:33", "end": "00:44:37", "text": "Bitcoin. So definitely definitely uh I"}, {"start": "00:44:35", "end": "00:44:39", "text": "would encourage you to pay with uh fiat"}, {"start": "00:44:37", "end": "00:44:41", "text": "and keep your sats, but if you're"}, {"start": "00:44:39", "end": "00:44:44", "text": "inclined to to pay in Bitcoin, which you"}, {"start": "00:44:41", "end": "00:44:46", "text": "know um I'm all for too. Bitcoin is"}, {"start": "00:44:44", "end": "00:44:48", "text": "money, then then do it."}, {"start": "00:44:46", "end": "00:44:50", "text": ">> Uh now there is also another major major"}, {"start": "00:44:48", "end": "00:44:53", "text": "Bitcoin story that broke that not that"}, {"start": "00:44:50", "end": "00:44:56", "text": "long ago. Adam Back is Satoshi according"}, {"start": "00:44:53", "end": "00:44:57", "text": "to an author from the New York Times. uh"}, {"start": "00:44:56", "end": "00:44:59", "text": "you know definitely I would say some"}, {"start": "00:44:57", "end": "00:45:01", "text": "good circumstantial evidence for"}, {"start": "00:44:59", "end": "00:45:03", "text": "authoring the white paper more"}, {"start": "00:45:01", "end": "00:45:04", "text": "specifically versus you know wrote all"}, {"start": "00:45:03", "end": "00:45:06", "text": "the code himself. Do you have any"}, {"start": "00:45:04", "end": "00:45:09", "text": "thoughts on that? Do you think he wrote"}, {"start": "00:45:06", "end": "00:45:10", "text": "the white paper uh more specifically I"}, {"start": "00:45:09", "end": "00:45:12", "text": "guess?"}, {"start": "00:45:10", "end": "00:45:13", "text": ">> Yeah, there was a there was a point in"}, {"start": "00:45:12", "end": "00:45:16", "text": "time where I was I was really interested"}, {"start": "00:45:13", "end": "00:45:18", "text": "in finding out who Satoshi is. I think I"}, {"start": "00:45:16", "end": "00:45:20", "text": "think anytime somebody is uh new to the"}, {"start": "00:45:18", "end": "00:45:22", "text": "Bitcoin space, they you know just I got"}, {"start": "00:45:20", "end": "00:45:24", "text": "to know like who is this guy? And and I"}, {"start": "00:45:22", "end": "00:45:25", "text": "I think that the more time goes on, the"}, {"start": "00:45:24", "end": "00:45:28", "text": "more you kind of realize it doesn't"}, {"start": "00:45:25", "end": "00:45:30", "text": "really matter. Um and and also just the"}, {"start": "00:45:28", "end": "00:45:32", "text": "truth of of that it was a group, right?"}, {"start": "00:45:30", "end": "00:45:34", "text": "I mean, it was done in public. The"}, {"start": "00:45:32", "end": "00:45:37", "text": "mystery really is just who is the guy"}, {"start": "00:45:34", "end": "00:45:40", "text": "running the Satoshi NIM on email. Um and"}, {"start": "00:45:37", "end": "00:45:43", "text": "who wrote the white paper. Um I agree"}, {"start": "00:45:40", "end": "00:45:44", "text": "there's a lot of syntax overlap when you"}, {"start": "00:45:43", "end": "00:45:47", "text": "look at the authorship of the white"}, {"start": "00:45:44", "end": "00:45:50", "text": "paper. Uh certainly, but at the same"}, {"start": "00:45:47", "end": "00:45:52", "text": "time, you know, this was a a large group"}, {"start": "00:45:50", "end": "00:45:55", "text": "called the Cipher Punks. They had a"}, {"start": "00:45:52", "end": "00:45:57", "text": "mailing list. They were working on this."}, {"start": "00:45:55", "end": "00:45:59", "text": "Several members had various iterations"}, {"start": "00:45:57", "end": "00:46:02", "text": "of Bitcoin before Bitcoin, you know, was"}, {"start": "00:45:59", "end": "00:46:04", "text": "uh uh thought experiment was released."}, {"start": "00:46:02", "end": "00:46:07", "text": "So, look, it's it's a group of people"}, {"start": "00:46:04", "end": "00:46:09", "text": "working on this collaboratively, and a"}, {"start": "00:46:07", "end": "00:46:11", "text": "lot of them weren't even anonymous. And"}, {"start": "00:46:09", "end": "00:46:14", "text": "so, uh Satoshi is is to me, it's it's"}, {"start": "00:46:11", "end": "00:46:18", "text": "more of a group of people. um the NIM"}, {"start": "00:46:14", "end": "00:46:19", "text": "Satoshi was was you know one email um in"}, {"start": "00:46:18", "end": "00:46:22", "text": "that group obviously kind of the the"}, {"start": "00:46:19", "end": "00:46:24", "text": "project manager there and obviously the"}, {"start": "00:46:22", "end": "00:46:26", "text": "the name associated with the white paper"}, {"start": "00:46:24", "end": "00:46:28", "text": "and whatnot but um you know for me"}, {"start": "00:46:26", "end": "00:46:30", "text": "that's less interesting I mean I I know"}, {"start": "00:46:28", "end": "00:46:32", "text": "the group who made it uh you know"}, {"start": "00:46:30", "end": "00:46:33", "text": "doesn't even matter who Satoshi is at"}, {"start": "00:46:32", "end": "00:46:35", "text": "the end of the day."}, {"start": "00:46:33", "end": "00:46:36", "text": ">> All right well there you go. Well Sean"}, {"start": "00:46:35", "end": "00:46:38", "text": "always a great time having you on. I"}, {"start": "00:46:36", "end": "00:46:40", "text": "appreciate you giving us your time here."}, {"start": "00:46:38", "end": "00:46:42", "text": "Any alpha you could share about Las"}, {"start": "00:46:40", "end": "00:46:44", "text": "Vegas conference that we have coming up?"}, {"start": "00:46:42", "end": "00:46:45", "text": "Is there a secret speaker you can maybe"}, {"start": "00:46:44", "end": "00:46:47", "text": "hint at?"}, {"start": "00:46:45", "end": "00:46:51", "text": ">> Yeah, there's a secret speaker I can"}, {"start": "00:46:47", "end": "00:46:52", "text": "hint at for sure. Um,"}, {"start": "00:46:51", "end": "00:46:56", "text": ">> Baron Trump,"}, {"start": "00:46:52", "end": "00:46:59", "text": ">> very on brand for Las Vegas. Um, someone"}, {"start": "00:46:56", "end": "00:47:01", "text": "who hasn't spoken about Bitcoin or"}, {"start": "00:46:59", "end": "00:47:03", "text": "crypto broadly before."}, {"start": "00:47:01", "end": "00:47:05", "text": ">> Chum Lee from Pawn Stars"}, {"start": "00:47:03", "end": "00:47:09", "text": ">> and and he will be doing a live"}, {"start": "00:47:05", "end": "00:47:11", "text": "appraisal on No. And uh uh but but yeah,"}, {"start": "00:47:09", "end": "00:47:14", "text": "that that's the hint. Very on brand"}, {"start": "00:47:11", "end": "00:47:15", "text": "Vegas, household name. Uh"}, {"start": "00:47:14", "end": "00:47:16", "text": ">> Drew, you got any guesses here?"}, {"start": "00:47:15", "end": "00:47:18", "text": ">> Mike Tyson."}, {"start": "00:47:16", "end": "00:47:21", "text": ">> I can't I can't um"}, {"start": "00:47:18", "end": "00:47:21", "text": ">> he's gonna eat an ounce of mushrooms on"}, {"start": "00:47:21", "end": "00:47:23", "text": "stage."}, {"start": "00:47:21", "end": "00:47:26", "text": ">> Yeah, he's going to do a heroic dose of"}, {"start": "00:47:23", "end": "00:47:26", "text": "mushrooms and then him and Chum Lee are"}, {"start": "00:47:26", "end": "00:47:28", "text": "going to"}, {"start": "00:47:26", "end": "00:47:30", "text": ">> So many micrograms, y'all. So many."}, {"start": "00:47:28", "end": "00:47:32", "text": ">> No, but but look, you know, for the"}, {"start": "00:47:30", "end": "00:47:34", "text": "audience, uh you know, you you should be"}, {"start": "00:47:32", "end": "00:47:35", "text": "coming to Bitcoin Las Vegas, right?"}, {"start": "00:47:34", "end": "00:47:38", "text": "whether you're a hardcore Bitcoiner,"}, {"start": "00:47:35", "end": "00:47:40", "text": "whether you're um into crypto more"}, {"start": "00:47:38", "end": "00:47:42", "text": "broadly, uh these are your people,"}, {"start": "00:47:40", "end": "00:47:44", "text": "right? Like hopefully we can bring you"}, {"start": "00:47:42", "end": "00:47:47", "text": "into kind of the Bitcoin maxi camp, but"}, {"start": "00:47:44", "end": "00:47:49", "text": "uh not everyone there is. Um you know,"}, {"start": "00:47:47", "end": "00:47:51", "text": "and and it's it is the get together."}, {"start": "00:47:49", "end": "00:47:52", "text": "It's the largest finance event in the"}, {"start": "00:47:51", "end": "00:47:54", "text": "world, by the way. It's not the largest"}, {"start": "00:47:52", "end": "00:47:56", "text": "Bitcoin event, not the largest crypto"}, {"start": "00:47:54", "end": "00:47:58", "text": "event. It's the largest finance event in"}, {"start": "00:47:56", "end": "00:48:00", "text": "the world. It's huge. So, we're going to"}, {"start": "00:47:58", "end": "00:48:02", "text": "have parties, we're going to have uh"}, {"start": "00:48:00", "end": "00:48:04", "text": "networking opportunities, we're going to"}, {"start": "00:48:02", "end": "00:48:06", "text": "have incredible keynote speakers. So,"}, {"start": "00:48:04", "end": "00:48:09", "text": "it's a great place to come hear keynote"}, {"start": "00:48:06", "end": "00:48:11", "text": "speeches, uh get some alpha that way."}, {"start": "00:48:09", "end": "00:48:13", "text": "Meet your favorite influencers, meet"}, {"start": "00:48:11", "end": "00:48:15", "text": "your favorite, uh, you know, YouTubers,"}, {"start": "00:48:13", "end": "00:48:18", "text": "podcasters. Um,"}, {"start": "00:48:15", "end": "00:48:19", "text": ">> how much is out of gonna hide this year?"}, {"start": "00:48:18", "end": "00:48:22", "text": ">> Probably a lot. I'll tell you what, this"}, {"start": "00:48:19", "end": "00:48:24", "text": "is this is this is actually Look, that's"}, {"start": "00:48:22", "end": "00:48:26", "text": "a great example. My first ever Bitcoin"}, {"start": "00:48:24", "end": "00:48:28", "text": "conference I went to was in Miami. And"}, {"start": "00:48:26", "end": "00:48:30", "text": "I'm just kind of sitting in the lobby"}, {"start": "00:48:28", "end": "00:48:32", "text": "trying to figure out what I'm gonna do."}, {"start": "00:48:30", "end": "00:48:33", "text": "And at him back, I just look over. He's"}, {"start": "00:48:32", "end": "00:48:36", "text": "like right next to me. And so I just"}, {"start": "00:48:33", "end": "00:48:37", "text": "talk to the guy for 15 20 minutes,"}, {"start": "00:48:36", "end": "00:48:39", "text": "right? And and a lot of these names on"}, {"start": "00:48:37", "end": "00:48:41", "text": "this list here I've I've, you know,"}, {"start": "00:48:39", "end": "00:48:42", "text": "just, you know, gotten to know by being"}, {"start": "00:48:41", "end": "00:48:44", "text": "at the conference."}, {"start": "00:48:42", "end": "00:48:46", "text": ">> That that was my first experience at it"}, {"start": "00:48:44", "end": "00:48:49", "text": "was in Miami looking at the paintings"}, {"start": "00:48:46", "end": "00:48:51", "text": "and Charles Hoskinson just right next to"}, {"start": "00:48:49", "end": "00:48:51", "text": "me. No security, anything, just walking"}, {"start": "00:48:51", "end": "00:48:53", "text": "around."}, {"start": "00:48:51", "end": "00:48:55", "text": ">> Yeah, it's unbelievable. I mean, there"}, {"start": "00:48:53", "end": "00:48:56", "text": "there's nothing else like it. And and"}, {"start": "00:48:55", "end": "00:48:58", "text": "you know, I don't want to come across"}, {"start": "00:48:56", "end": "00:49:01", "text": "too salesy, but but there really isn't."}, {"start": "00:48:58", "end": "00:49:02", "text": "I mean, your your experience uh I think"}, {"start": "00:49:01", "end": "00:49:05", "text": "is a testament to that. I mean, you can"}, {"start": "00:49:02", "end": "00:49:06", "text": "you can actually have a conversation"}, {"start": "00:49:05", "end": "00:49:07", "text": "with these people and ask them the"}, {"start": "00:49:06", "end": "00:49:09", "text": "questions you've been wanting to ask"}, {"start": "00:49:07", "end": "00:49:12", "text": "them and get to know them and get some"}, {"start": "00:49:09", "end": "00:49:13", "text": "alpha. Um and and everyone's incredibly"}, {"start": "00:49:12", "end": "00:49:15", "text": "friendly. That's one of the cool things"}, {"start": "00:49:13", "end": "00:49:18", "text": "about the Bitcoin conference is that uh"}, {"start": "00:49:15", "end": "00:49:20", "text": "even though Bitcoin seems to be becoming"}, {"start": "00:49:18", "end": "00:49:22", "text": "more corporate, more institutional, more"}, {"start": "00:49:20", "end": "00:49:26", "text": "you know baked into the system and"}, {"start": "00:49:22", "end": "00:49:28", "text": "whatnot, um the conference is still just"}, {"start": "00:49:26", "end": "00:49:30", "text": "very much a group of Bitcoiners who are"}, {"start": "00:49:28", "end": "00:49:33", "text": "you know very much ideologically"}, {"start": "00:49:30", "end": "00:49:37", "text": "aligned, very much kind of the same uh"}, {"start": "00:49:33", "end": "00:49:38", "text": "uh similar world views um and just"}, {"start": "00:49:37", "end": "00:49:41", "text": "having a good time and being friendly"}, {"start": "00:49:38", "end": "00:49:43", "text": "and rubbing elbows and uh there's"}, {"start": "00:49:41", "end": "00:49:44", "text": "something so refreshing about that and I"}, {"start": "00:49:43", "end": "00:49:46", "text": "look forward to it every year just just"}, {"start": "00:49:44", "end": "00:49:47", "text": "getting on the expo hall floor and just"}, {"start": "00:49:46", "end": "00:49:49", "text": "meeting new people."}, {"start": "00:49:47", "end": "00:49:51", "text": ">> Uh, how come you did Austin Arnold"}, {"start": "00:49:49", "end": "00:49:52", "text": "wrong? You did half of the altcoin daily"}, {"start": "00:49:51", "end": "00:49:54", "text": "twins."}, {"start": "00:49:52", "end": "00:49:56", "text": ">> Oh no. Is Austin not on there right now?"}, {"start": "00:49:54", "end": "00:49:57", "text": ">> Austin's not on there. You know, they"}, {"start": "00:49:56", "end": "00:49:59", "text": "probably got the photo like oh it's a"}, {"start": "00:49:57", "end": "00:50:00", "text": "duplicate and then they jump to Aaron"}, {"start": "00:49:59", "end": "00:50:02", "text": "Bernett."}, {"start": "00:50:00", "end": "00:50:04", "text": ">> Well um you know the the"}, {"start": "00:50:02", "end": "00:50:06", "text": ">> I'm calling him right now responsible"}, {"start": "00:50:04", "end": "00:50:08", "text": "the intern responsible for that will be"}, {"start": "00:50:06", "end": "00:50:09", "text": "sacked immediately."}, {"start": "00:50:08", "end": "00:50:11", "text": ">> All right. And they're going to be paid"}, {"start": "00:50:09", "end": "00:50:13", "text": "in Litecoin. All right. Sean, always a"}, {"start": "00:50:11", "end": "00:50:14", "text": "great time and thank you. Thank you for"}, {"start": "00:50:13", "end": "00:50:15", "text": "joining, man. It was it was a blast"}, {"start": "00:50:14", "end": "00:50:16", "text": "talking to you."}, {"start": "00:50:15", "end": "00:50:17", "text": ">> Awesome. Thanks for having me, guys."}, {"start": "00:50:16", "end": "00:50:19", "text": ">> All right. Appreciate that. Everybody"}, {"start": "00:50:17", "end": "00:50:21", "text": "smash the like button for Bitcoin"}, {"start": "00:50:19", "end": "00:50:22", "text": "Conference and for Sean showing up. That"}, {"start": "00:50:21", "end": "00:50:24", "text": "was cool. I appreciate it."}, {"start": "00:50:22", "end": "00:50:27", "text": ">> Cool guy. Very uh easy going. I'm"}, {"start": "00:50:24", "end": "00:50:29", "text": "excited for the vendors, too. I'm I'm"}, {"start": "00:50:27", "end": "00:50:31", "text": "not going to lie. I'm very excited."}, {"start": "00:50:29", "end": "00:50:33", "text": ">> Yeah. Yeah. You got to watch last year."}, {"start": "00:50:31", "end": "00:50:35", "text": "U Yeah. Who knows what I might buy out"}, {"start": "00:50:33", "end": "00:50:36", "text": "there. Who knows? Maybe I'll buy orange"}, {"start": "00:50:35", "end": "00:50:38", "text": "suit."}, {"start": "00:50:36", "end": "00:50:40", "text": ">> That's a move. Get the Morpheus orange"}, {"start": "00:50:38", "end": "00:50:41", "text": "suit, man. Come on. with the Bitcoin"}, {"start": "00:50:40", "end": "00:50:44", "text": "symbol."}, {"start": "00:50:41", "end": "00:50:45", "text": ">> Who Who the heck is the Vegas person? Is"}, {"start": "00:50:44", "end": "00:50:47", "text": "it Dana White?"}, {"start": "00:50:45", "end": "00:50:48", "text": ">> I think it's Tyson, dude. I think it's"}, {"start": "00:50:47", "end": "00:50:49", "text": ">> Tyson."}, {"start": "00:50:48", "end": "00:50:52", "text": ">> I think it's Tyson."}, {"start": "00:50:49", "end": "00:50:54", "text": ">> Tyson. Dana White. I saw some of you"}, {"start": "00:50:52", "end": "00:50:56", "text": "guys. Yeah. Afroman. Afroman's like back"}, {"start": "00:50:54", "end": "00:50:59", "text": "in the zeitgeist now because did you see"}, {"start": "00:50:56", "end": "00:51:00", "text": "why he became popular again recently?"}, {"start": "00:50:59", "end": "00:51:02", "text": ">> Yeah. some cops like stole a bunch of"}, {"start": "00:51:00", "end": "00:51:05", "text": "crap from him and he caught him on"}, {"start": "00:51:02", "end": "00:51:08", "text": "camera and like totally roasted him and"}, {"start": "00:51:05", "end": "00:51:09", "text": ">> made songs about fornicating with a wife"}, {"start": "00:51:08", "end": "00:51:11", "text": "and"}, {"start": "00:51:09", "end": "00:51:13", "text": ">> yeah, I think he used some of the"}, {"start": "00:51:11", "end": "00:51:15", "text": "footage from them going through his"}, {"start": "00:51:13", "end": "00:51:16", "text": "stuff in a music video that went super"}, {"start": "00:51:15", "end": "00:51:18", "text": "viral. So"}, {"start": "00:51:16", "end": "00:51:21", "text": ">> said it's going to be Diddy doing it"}, {"start": "00:51:18", "end": "00:51:23", "text": "from a Zoom call."}, {"start": "00:51:21", "end": "00:51:25", "text": ">> Oh my"}, {"start": "00:51:23", "end": "00:51:26", "text": "I'm pretty excited for Vegas though."}, {"start": "00:51:25", "end": "00:51:29", "text": "Yeah. They say, I don't know if it's"}, {"start": "00:51:26", "end": "00:51:32", "text": "true or not, Bruno Mars lost more"}, {"start": "00:51:29", "end": "00:51:33", "text": "gambling than the residency paid him."}, {"start": "00:51:32", "end": "00:51:35", "text": ">> Really?"}, {"start": "00:51:33", "end": "00:51:37", "text": ">> Yeah. He like lost a percentage of his"}, {"start": "00:51:35", "end": "00:51:38", "text": "net worth gambling. He's he was a high"}, {"start": "00:51:37", "end": "00:51:41", "text": "roller with"}, {"start": "00:51:38", "end": "00:51:43", "text": ">> uh severe let's just say a a gamblers's"}, {"start": "00:51:41", "end": "00:51:44", "text": "addiction there. You know, he had the he"}, {"start": "00:51:43", "end": "00:51:47", "text": "had the bug for sure."}, {"start": "00:51:44", "end": "00:51:49", "text": ">> I could see that. you know, um, this"}, {"start": "00:51:47", "end": "00:51:52", "text": "whole freezing Satoshi's wallet,"}, {"start": "00:51:49", "end": "00:51:55", "text": "freezing old wallets narrative, what"}, {"start": "00:51:52", "end": "00:51:59", "text": "does that do for nation state adoption,"}, {"start": "00:51:55", "end": "00:52:02", "text": "right? Like, is a nation going to do any"}, {"start": "00:51:59", "end": "00:52:02", "text": "sort of reserves if they see wallets in"}, {"start": "00:52:02", "end": "00:52:05", "text": "mass?"}, {"start": "00:52:02", "end": "00:52:08", "text": ">> No, I I mean, I I think it's a very"}, {"start": "00:52:05", "end": "00:52:09", "text": "small amount of wallets. You know, it"}, {"start": "00:52:08", "end": "00:52:11", "text": "really isn't when we're talking about"}, {"start": "00:52:09", "end": "00:52:13", "text": "like 4 million Bitcoin, but"}, {"start": "00:52:11", "end": "00:52:14", "text": ">> it's a small percentage of users because"}, {"start": "00:52:13", "end": "00:52:16", "text": "a lot of these people, they lost that"}, {"start": "00:52:14", "end": "00:52:17", "text": "Bitcoin. A lot of these are people, you"}, {"start": "00:52:16", "end": "00:52:19", "text": "know, like Satoshi, that's one, that's"}, {"start": "00:52:17", "end": "00:52:21", "text": "one/4 of it right there. So, just go"}, {"start": "00:52:19", "end": "00:52:23", "text": "ahead and remove that. And so, we have"}, {"start": "00:52:21", "end": "00:52:26", "text": "like these ancient whales who have, you"}, {"start": "00:52:23", "end": "00:52:27", "text": "know, multiple wallets with 50 Bitcoin,"}, {"start": "00:52:26", "end": "00:52:30", "text": "a hundred of these wallets, and they"}, {"start": "00:52:27", "end": "00:52:31", "text": "lost them or they passed away or, you"}, {"start": "00:52:30", "end": "00:52:33", "text": "know, there I think a lot of it, a lot"}, {"start": "00:52:31", "end": "00:52:35", "text": "of that Bitcoin is lost forever. That's"}, {"start": "00:52:33", "end": "00:52:38", "text": "why it hasn't moved in 12 years, 14"}, {"start": "00:52:35", "end": "00:52:41", "text": "years. And so there there's going to be"}, {"start": "00:52:38", "end": "00:52:43", "text": "of course some people that go you really"}, {"start": "00:52:41", "end": "00:52:45", "text": "got to be living under a rock though to"}, {"start": "00:52:43", "end": "00:52:47", "text": "like miss this entire system like this"}, {"start": "00:52:45", "end": "00:52:50", "text": "whole overhaul this whole change. You're"}, {"start": "00:52:47", "end": "00:52:52", "text": "like using some ancient Bitcoin wallet"}, {"start": "00:52:50", "end": "00:52:53", "text": "that was like you know a crappy"}, {"start": "00:52:52", "end": "00:52:55", "text": "passphrase"}, {"start": "00:52:53", "end": "00:52:55", "text": ">> or you're in prison or you're dead. You"}, {"start": "00:52:55", "end": "00:52:58", "text": "know"}, {"start": "00:52:55", "end": "00:53:00", "text": ">> it's definitely drug dealers caught up"}, {"start": "00:52:58", "end": "00:53:01", "text": "from Silk Road. They're just like the"}, {"start": "00:53:00", "end": "00:53:04", "text": "second I get out I got a thousand"}, {"start": "00:53:01", "end": "00:53:05", "text": "Bitcoin and then it's going to be gone."}, {"start": "00:53:04", "end": "00:53:08", "text": ">> Yeah. Are you excited to see the Trump"}, {"start": "00:53:05", "end": "00:53:09", "text": "boys speaking as Vegas speakers as well"}, {"start": "00:53:08", "end": "00:53:10", "text": "right after that world liberty fire"}, {"start": "00:53:09", "end": "00:53:11", "text": "debacle? I wonder"}, {"start": "00:53:10", "end": "00:53:13", "text": ">> I was wondering are they going to"}, {"start": "00:53:11", "end": "00:53:14", "text": "prevent the Trumps from talking about"}, {"start": "00:53:13", "end": "00:53:15", "text": "world liberty fire? Are they going to"}, {"start": "00:53:14", "end": "00:53:17", "text": "prevent Arthur Hayes from talking about"}, {"start": "00:53:15", "end": "00:53:20", "text": "hyperlquid? You know there's there's"}, {"start": "00:53:17", "end": "00:53:22", "text": "some interesting altcoiners there. I"}, {"start": "00:53:20", "end": "00:53:25", "text": "mean they have altcoin daily speaking."}, {"start": "00:53:22", "end": "00:53:27", "text": "Their name is Altcoin Daily. They love"}, {"start": "00:53:25", "end": "00:53:30", "text": ">> how they rebranded a Bitcoin Daily. I'm"}, {"start": "00:53:27", "end": "00:53:32", "text": "I'm surprised. Oh god."}, {"start": "00:53:30", "end": "00:53:34", "text": ">> You know what? Austin Arnold, Aaron"}, {"start": "00:53:32", "end": "00:53:35", "text": "Arnold. Their name starts with an A like"}, {"start": "00:53:34", "end": "00:53:38", "text": "altcoin."}, {"start": "00:53:35", "end": "00:53:39", "text": ">> Oh yeah, they're in there for they're in"}, {"start": "00:53:38", "end": "00:53:41", "text": "it. They're on that."}, {"start": "00:53:39", "end": "00:53:43", "text": ">> It's uh their shift would be assets"}, {"start": "00:53:41", "end": "00:53:46", "text": "daily. Uh speaking of assets, X rolls"}, {"start": "00:53:43", "end": "00:53:48", "text": "out smart cash tags in America, Canada,"}, {"start": "00:53:46", "end": "00:53:51", "text": "and towards the everything app here. And"}, {"start": "00:53:48", "end": "00:53:52", "text": "they're going to allow se users to"}, {"start": "00:53:51", "end": "00:53:55", "text": "select a specific asset or smart"}, {"start": "00:53:52", "end": "00:53:58", "text": "contract address when posting a ticker."}, {"start": "00:53:55", "end": "00:54:00", "text": "So if you tap on #BTC, it'll pull up the"}, {"start": "00:53:58", "end": "00:54:02", "text": "Bitcoin chart. It's pretty cool. Can"}, {"start": "00:54:00", "end": "00:54:05", "text": "Canadian users, they're already trading."}, {"start": "00:54:02", "end": "00:54:07", "text": "It's Wealth Simple as their brokerage"}, {"start": "00:54:05", "end": "00:54:10", "text": "here. But Elizabeth Warren, she's"}, {"start": "00:54:07", "end": "00:54:12", "text": "worried about this. She's warning Elon"}, {"start": "00:54:10", "end": "00:54:15", "text": "Musk that is threatening the stability"}, {"start": "00:54:12", "end": "00:54:17", "text": "of the financial system. In a letter,"}, {"start": "00:54:15", "end": "00:54:19", "text": "she flagged potential risk to consumers,"}, {"start": "00:54:17", "end": "00:54:21", "text": "stating, \"If your track record operating"}, {"start": "00:54:19", "end": "00:54:25", "text": "X is any indication of how you operate X"}, {"start": "00:54:21", "end": "00:54:26", "text": "money, consumers, our national security,"}, {"start": "00:54:25", "end": "00:54:29", "text": "and the stability of the financial"}, {"start": "00:54:26", "end": "00:54:31", "text": "system may be at risk.\" She had a whole"}, {"start": "00:54:29", "end": "00:54:33", "text": "letter here. I mean, she she really goes"}, {"start": "00:54:31", "end": "00:54:35", "text": "into it. She's citing things. She's got"}, {"start": "00:54:33", "end": "00:54:37", "text": "sources."}, {"start": "00:54:35", "end": "00:54:39", "text": "I mean, she's like, \"Yeah, you know,"}, {"start": "00:54:37", "end": "00:54:42", "text": "your your X AI was doing some"}, {"start": "00:54:39", "end": "00:54:47", "text": "questionable things. Now I'm worried.\""}, {"start": "00:54:42", "end": "00:54:50", "text": ">> Well, I mean, X stands to disrupt the"}, {"start": "00:54:47", "end": "00:54:52", "text": "way money moves in a very tangible way."}, {"start": "00:54:50", "end": "00:54:53", "text": ">> She She hit him with the old where's the"}, {"start": "00:54:52", "end": "00:54:54", "text": "yield come from?"}, {"start": "00:54:53", "end": "00:54:56", "text": ">> Yeah. Yeah."}, {"start": "00:54:54", "end": "00:54:57", "text": ">> That's That's a classic line right"}, {"start": "00:54:56", "end": "00:54:59", "text": "there. Where's the yield come from?"}, {"start": "00:54:57", "end": "00:55:00", "text": "That's a good question. That's a great"}, {"start": "00:54:59", "end": "00:55:02", "text": "question. But and you know, then you'll"}, {"start": "00:55:00", "end": "00:55:06", "text": "have Elon respond with his"}, {"start": "00:55:02", "end": "00:55:08", "text": "infrastructure of XAI and SpaceX and all"}, {"start": "00:55:06", "end": "00:55:10", "text": "of these trillion dollar companies and"}, {"start": "00:55:08", "end": "00:55:12", "text": "be like, \"Yeah, there's a little bit of"}, {"start": "00:55:10", "end": "00:55:14", "text": "money to get this engine running here,"}, {"start": "00:55:12", "end": "00:55:17", "text": "honey.\" So, some of these are like just"}, {"start": "00:55:14", "end": "00:55:19", "text": "very in bad faith. Does it intend to"}, {"start": "00:55:17", "end": "00:55:20", "text": "surveil and monetize consumer"}, {"start": "00:55:19", "end": "00:55:23", "text": "transaction data"}, {"start": "00:55:20", "end": "00:55:27", "text": ">> like every financial app"}, {"start": "00:55:23", "end": "00:55:30", "text": ">> like what Hood got caught doing with was"}, {"start": "00:55:27", "end": "00:55:32", "text": "it Citadel Securities where the whole"}, {"start": "00:55:30", "end": "00:55:34", "text": "GameStop fiasco? Well, and then we run"}, {"start": "00:55:32", "end": "00:55:37", "text": "into the problem with like Kraken being"}, {"start": "00:55:34", "end": "00:55:39", "text": "extorted for customer information and"}, {"start": "00:55:37", "end": "00:55:42", "text": "the customers are forced to give their"}, {"start": "00:55:39", "end": "00:55:45", "text": "information over in a KYC environment"}, {"start": "00:55:42", "end": "00:55:47", "text": "and then you have a giant honeypot of"}, {"start": "00:55:45", "end": "00:55:50", "text": "information being stolen from us. The"}, {"start": "00:55:47", "end": "00:55:52", "text": "same [�__�] happened with Equifax, right?"}, {"start": "00:55:50", "end": "00:55:55", "text": "Our massive breach on our information"}, {"start": "00:55:52", "end": "00:55:58", "text": "from our forced requirement to pay taxes"}, {"start": "00:55:55", "end": "00:56:00", "text": "in the US. we go in there to pay taxes"}, {"start": "00:55:58", "end": "00:56:03", "text": "and now there's these huge honeypotss of"}, {"start": "00:56:00", "end": "00:56:05", "text": "information that are being stolen. So,"}, {"start": "00:56:03", "end": "00:56:09", "text": "you know, it's it's really aggravating"}, {"start": "00:56:05", "end": "00:56:11", "text": "to see KYC be required. Um, you know,"}, {"start": "00:56:09", "end": "00:56:13", "text": "and I could I know Colonel Sanders wants"}, {"start": "00:56:11", "end": "00:56:15", "text": "to protect his recipe and all that stuff"}, {"start": "00:56:13", "end": "00:56:18", "text": "and you don't want employee payments"}, {"start": "00:56:15", "end": "00:56:20", "text": "being disclosed, but at a certain point"}, {"start": "00:56:18", "end": "00:56:22", "text": "it just feels like sheep being led to"}, {"start": "00:56:20", "end": "00:56:24", "text": "slaughter. You know what I mean? Uh,"}, {"start": "00:56:22", "end": "00:56:25", "text": "being forced to KYC. though."}, {"start": "00:56:24", "end": "00:56:27", "text": ">> Uh there was one other question I"}, {"start": "00:56:25", "end": "00:56:29", "text": "thought I was like, \"Okay, that one I'm"}, {"start": "00:56:27", "end": "00:56:31", "text": "I don't think it's a shady one. I just"}, {"start": "00:56:29", "end": "00:56:33", "text": "want to know. Is X Money going to have a"}, {"start": "00:56:31", "end": "00:56:35", "text": "stable coin?\""}, {"start": "00:56:33", "end": "00:56:37", "text": ">> That's a good question. I That's"}, {"start": "00:56:35", "end": "00:56:38", "text": "actually a question I had not heard yet."}, {"start": "00:56:37", "end": "00:56:41", "text": "Is X Money going to have a stable coin?"}, {"start": "00:56:38", "end": "00:56:43", "text": "I would imagine they'd have to or"}, {"start": "00:56:41", "end": "00:56:45", "text": "integrate Tether. It's got to be Tether"}, {"start": "00:56:43", "end": "00:56:47", "text": "or, you know, that's a good"}, {"start": "00:56:45", "end": "00:56:48", "text": ">> She she's doing persuasion tactics. Like"}, {"start": "00:56:47", "end": "00:56:50", "text": "look look at the question right above"}, {"start": "00:56:48", "end": "00:56:52", "text": "it. How will they clearly disclose to"}, {"start": "00:56:50", "end": "00:56:55", "text": "consumers that the FDIC insurance would"}, {"start": "00:56:52", "end": "00:56:57", "text": "not protect them against the failure of"}, {"start": "00:56:55", "end": "00:56:58", "text": "X money? This is what they call setting"}, {"start": "00:56:57", "end": "00:56:59", "text": "the table."}, {"start": "00:56:58", "end": "00:57:00", "text": ">> Mhm."}, {"start": "00:56:59", "end": "00:57:02", "text": ">> You're setting the table for your"}, {"start": "00:57:00", "end": "00:57:04", "text": "argument that it the failure is a"}, {"start": "00:57:02", "end": "00:57:05", "text": "foregone conclusion. Uh also thinking"}, {"start": "00:57:04", "end": "00:57:07", "text": "past the sale, I guess, is more thinking"}, {"start": "00:57:05", "end": "00:57:10", "text": "past the sale. Persuasion techniques"}, {"start": "00:57:07", "end": "00:57:11", "text": "there. But yeah, uh very"}, {"start": "00:57:10", "end": "00:57:13", "text": "she's she's putting the thorns into"}, {"start": "00:57:11", "end": "00:57:15", "text": "Elon, so I guess we'll find out. Now,"}, {"start": "00:57:13", "end": "00:57:17", "text": "this is crazy, Drew. We were talking"}, {"start": "00:57:15", "end": "00:57:20", "text": "about this ahead of time. FTX, if you"}, {"start": "00:57:17", "end": "00:57:22", "text": "weren't aware, they used customer funds."}, {"start": "00:57:20", "end": "00:57:24", "text": "You gave them Bitcoin, they spent that"}, {"start": "00:57:22", "end": "00:57:27", "text": "Bitcoin, sometimes a Bohemian Mansion,"}, {"start": "00:57:24", "end": "00:57:29", "text": "sometimes a bunch of beanag chairs,"}, {"start": "00:57:27", "end": "00:57:31", "text": "sometimes they invested in different"}, {"start": "00:57:29", "end": "00:57:35", "text": "companies. One of those companies was"}, {"start": "00:57:31", "end": "00:57:37", "text": "Anthropic, the team behind Claude AI."}, {"start": "00:57:35", "end": "00:57:39", "text": "There was a lot of AI bets four or five"}, {"start": "00:57:37", "end": "00:57:41", "text": "years ago. Anthropic was about the best"}, {"start": "00:57:39", "end": "00:57:44", "text": "one, if not the best one. Sam"}, {"start": "00:57:41", "end": "00:57:49", "text": "Bankmanfree bet on Anthropic. He had a"}, {"start": "00:57:44", "end": "00:57:52", "text": "7% stake. They paid uh they sold it for"}, {"start": "00:57:49", "end": "00:57:54", "text": "1.3 billion. I think they paid 400 800"}, {"start": "00:57:52", "end": "00:57:57", "text": "million. They paid less than a billion"}, {"start": "00:57:54", "end": "00:58:00", "text": "here. If they held on and didn't sell"}, {"start": "00:57:57", "end": "00:58:05", "text": "for 1.3 billion, that 7% stake would be"}, {"start": "00:58:00", "end": "00:58:08", "text": "worth $62 billion today. All of Coinbase"}, {"start": "00:58:05", "end": "00:58:11", "text": "is worth 48 billion. So their little"}, {"start": "00:58:08", "end": "00:58:14", "text": "side bet with a few hundred million of"}, {"start": "00:58:11", "end": "00:58:18", "text": "their customers funds would now be worth"}, {"start": "00:58:14", "end": "00:58:19", "text": "$62 billion. They left a 100x on the"}, {"start": "00:58:18", "end": "00:58:24", "text": "table. Drew,"}, {"start": "00:58:19", "end": "00:58:25", "text": ">> imagine being Sam in prison knowing that"}, {"start": "00:58:24", "end": "00:58:26", "text": "you could have"}, {"start": "00:58:25", "end": "00:58:29", "text": ">> Stop."}, {"start": "00:58:26", "end": "00:58:31", "text": ">> And you you know that you"}, {"start": "00:58:29", "end": "00:58:33", "text": "lord"}, {"start": "00:58:31", "end": "00:58:36", "text": ">> you would have beat Coinbase's value"}, {"start": "00:58:33", "end": "00:58:40", "text": "with a side bet you made years ago. This"}, {"start": "00:58:36", "end": "00:58:42", "text": "guy was a damn good investor. Um,"}, {"start": "00:58:40", "end": "00:58:44", "text": "regardless of all the things he did."}, {"start": "00:58:42", "end": "00:58:45", "text": ">> Yeah, I did some shorts on him. He's"}, {"start": "00:58:44", "end": "00:58:46", "text": "like maybe one of the best investors"}, {"start": "00:58:45", "end": "00:58:47", "text": "we've seen. The problem is he did it"}, {"start": "00:58:46", "end": "00:58:48", "text": "with stolen money."}, {"start": "00:58:47", "end": "00:58:50", "text": ">> Yeah."}, {"start": "00:58:48", "end": "00:58:50", "text": ">> And that ah unfortunately he's against"}, {"start": "00:58:50", "end": "00:58:52", "text": "the law."}, {"start": "00:58:50", "end": "00:58:54", "text": ">> Well, if you would give my stolen money"}, {"start": "00:58:52", "end": "00:58:56", "text": "back with that gain. I mean, maybe we're"}, {"start": "00:58:54", "end": "00:58:57", "text": "all right then. You know, like imagine"}, {"start": "00:58:56", "end": "00:58:59", "text": "you get robbed and got give me your"}, {"start": "00:58:57", "end": "00:59:01", "text": "wallet. And then he runs off and"}, {"start": "00:58:59", "end": "00:59:02", "text": "leverage trades it up to 100x. He's"}, {"start": "00:59:01", "end": "00:59:04", "text": "like, \"All right, here's your return.\""}, {"start": "00:59:02", "end": "00:59:07", "text": "And he has his money. I mean, that's"}, {"start": "00:59:04", "end": "00:59:09", "text": "kind of a win-win situation right there."}, {"start": "00:59:07", "end": "00:59:11", "text": ">> That one stings the nostrils, as Ron"}, {"start": "00:59:09", "end": "00:59:12", "text": "Burgundy would say. Speaking of stinging"}, {"start": "00:59:11", "end": "00:59:15", "text": "the nostrils and probably stinging your"}, {"start": "00:59:12", "end": "00:59:18", "text": "eyes here, making you want to tear. XRP"}, {"start": "00:59:15", "end": "00:59:21", "text": "flashing a golden cross signal is $5"}, {"start": "00:59:18", "end": "00:59:22", "text": "next. We see these types of articles all"}, {"start": "00:59:21", "end": "00:59:25", "text": "the time. Sometimes I make fun of them,"}, {"start": "00:59:22", "end": "00:59:27", "text": "sometimes I don't. But this time, Drew,"}, {"start": "00:59:25", "end": "00:59:30", "text": "maybe a little something there."}, {"start": "00:59:27", "end": "00:59:34", "text": ">> Look at the MACD on the weekly."}, {"start": "00:59:30", "end": "00:59:35", "text": ">> Clipping. That is flipping. Let's just"}, {"start": "00:59:34", "end": "00:59:38", "text": "see what happened in the past. We don't"}, {"start": "00:59:35", "end": "00:59:40", "text": "got to go crazy here. Oops. I just got"}, {"start": "00:59:38", "end": "00:59:42", "text": "rid of I got rid of my other indicators."}, {"start": "00:59:40", "end": "00:59:45", "text": "Hold on. Let me do this first. Undo."}, {"start": "00:59:42", "end": "00:59:46", "text": "Undo. There we go. There we go. All"}, {"start": "00:59:45", "end": "00:59:49", "text": "right. I want to dig for it later. All"}, {"start": "00:59:46", "end": "00:59:53", "text": "right. So, you can see across. I mean,"}, {"start": "00:59:49", "end": "00:59:57", "text": "we got across right here. That was past"}, {"start": "00:59:53", "end": "00:59:59", "text": "the point. Uh, actually, you got one"}, {"start": "00:59:57", "end": "01:00:01", "text": "candle. You got one extra candle. You"}, {"start": "00:59:59", "end": "01:00:03", "text": "got one actually weekly candle there."}, {"start": "01:00:01", "end": "01:00:05", "text": "Now we really got to stretch it to start"}, {"start": "01:00:03", "end": "01:00:07", "text": "seeing it."}, {"start": "01:00:05", "end": "01:00:11", "text": "I mean, god dang, that volume crap is in"}, {"start": "01:00:07", "end": "01:00:15", "text": "the way. This one was very bullish."}, {"start": "01:00:11", "end": "01:00:18", "text": "That was quick 450% pump in one month,"}, {"start": "01:00:15", "end": "01:00:20", "text": ">> right? That's the Was that the tweet?"}, {"start": "01:00:18", "end": "01:00:22", "text": ">> That's the the Trump one."}, {"start": "01:00:20", "end": "01:00:22", "text": ">> Yeah. Oh, okay. Okay. That's the Trump"}, {"start": "01:00:22", "end": "01:00:24", "text": "winning one."}, {"start": "01:00:22", "end": "01:00:25", "text": ">> And I think that's the Trump tweet one"}, {"start": "01:00:24", "end": "01:00:26", "text": "right there. Gotcha."}, {"start": "01:00:25", "end": "01:00:28", "text": ">> We got one more we can look at right"}, {"start": "01:00:26", "end": "01:00:30", "text": "here. Also, a couple weeks of action"}, {"start": "01:00:28", "end": "01:00:32", "text": "here. So, it seems like at the minimum"}, {"start": "01:00:30", "end": "01:00:34", "text": "you get a week of green candles at the"}, {"start": "01:00:32", "end": "01:00:36", "text": "minimum there. So, I'm not saying, you"}, {"start": "01:00:34", "end": "01:00:37", "text": "know, has to it has to happen again. Uh,"}, {"start": "01:00:36", "end": "01:00:39", "text": "checking in on our predictions here."}, {"start": "01:00:37", "end": "01:00:42", "text": "It's still just trading trading in the"}, {"start": "01:00:39", "end": "01:00:44", "text": "range. It bounce off of that, but"}, {"start": "01:00:42", "end": "01:00:46", "text": ">> we'll start looking for some new levels"}, {"start": "01:00:44", "end": "01:00:48", "text": ">> probably. I see Bitcoin's trying to roll"}, {"start": "01:00:46", "end": "01:00:50", "text": "to the downside. So, you know, when uh"}, {"start": "01:00:48", "end": "01:00:53", "text": "on the basement, I'll bring crank up and"}, {"start": "01:00:50", "end": "01:00:57", "text": "we'll dig into all the levels to watch"}, {"start": "01:00:53", "end": "01:00:59", "text": "out for. just in the kind of time frame"}, {"start": "01:00:57", "end": "01:01:01", "text": "that I'm looking at. It is snooping to"}, {"start": "01:00:59", "end": "01:01:01", "text": "the downside here. So,"}, {"start": "01:01:01", "end": "01:01:03", "text": ">> Mhm."}, {"start": "01:01:01", "end": "01:01:04", "text": ">> Um, I'm going to start looking at that a"}, {"start": "01:01:03", "end": "01:01:06", "text": "little closer and see if we can tag that"}, {"start": "01:01:04", "end": "01:01:07", "text": "trend line."}, {"start": "01:01:06", "end": "01:01:09", "text": ">> Yeah, a little bit of a bear div on the"}, {"start": "01:01:07", "end": "01:01:10", "text": "1 hours. I think we talked about that"}, {"start": "01:01:09", "end": "01:01:12", "text": "yesterday. I might be mistaken or maybe"}, {"start": "01:01:10", "end": "01:01:13", "text": "I was just looking privately, but I"}, {"start": "01:01:12", "end": "01:01:15", "text": "remember looking at the 1 hour bear"}, {"start": "01:01:13", "end": "01:01:17", "text": "divs. Uh, we don't see them on the"}, {"start": "01:01:15", "end": "01:01:19", "text": "larger time frames. We do see it on the"}, {"start": "01:01:17", "end": "01:01:21", "text": "two, but we don't, if I remember. Yeah,"}, {"start": "01:01:19", "end": "01:01:25", "text": "we don't see it on the four, but we got"}, {"start": "01:01:21", "end": "01:01:27", "text": "a 2hour hidden div, 1 hour bare div. Uh,"}, {"start": "01:01:25", "end": "01:01:28", "text": "let's start shrinking in. Are we see"}, {"start": "01:01:27", "end": "01:01:30", "text": "seeing like short-term bullishness?"}, {"start": "01:01:28", "end": "01:01:33", "text": "Nothing on the 30 minute,"}, {"start": "01:01:30", "end": "01:01:36", "text": ">> nothing on the 20 minute, nothing on the"}, {"start": "01:01:33", "end": "01:01:37", "text": "10-minute, nothing on the five minute."}, {"start": "01:01:36", "end": "01:01:39", "text": "Oh, we're starting to look bearish."}, {"start": "01:01:37", "end": "01:01:41", "text": "Yeah, this I mean, we finally hit"}, {"start": "01:01:39", "end": "01:01:43", "text": "oversold on the one minute, but I'd be"}, {"start": "01:01:41", "end": "01:01:45", "text": "waiting for a lot of bulls before I even"}, {"start": "01:01:43", "end": "01:01:45", "text": "think about dipping my toes in the"}, {"start": "01:01:45", "end": "01:01:45", "text": "water."}, {"start": "01:01:45", "end": "01:01:47", "text": ">> Yeah."}, {"start": "01:01:45", "end": "01:01:49", "text": ">> And I mean, I think we're going to come"}, {"start": "01:01:47", "end": "01:01:51", "text": "down. We got to clear this probably the"}, {"start": "01:01:49", "end": "01:01:54", "text": "next two hours in my guess."}, {"start": "01:01:51", "end": "01:01:55", "text": ">> Yeah. Yeah. It's uh rough seas today."}, {"start": "01:01:54", "end": "01:01:57", "text": "Rough seas today. So, we're going to be"}, {"start": "01:01:55", "end": "01:01:59", "text": "taking a look at the charts and um I'm"}, {"start": "01:01:57", "end": "01:02:02", "text": "super excited for Bitcoin Vegas, too,"}, {"start": "01:01:59", "end": "01:02:04", "text": "man. Like, you know, it's been a I I"}, {"start": "01:02:02", "end": "01:02:07", "text": "wanted to ask him. I wonder if there's"}, {"start": "01:02:04", "end": "01:02:09", "text": "going to be a bunch of people talking"}, {"start": "01:02:07", "end": "01:02:11", "text": "about putting mortgages on Bitcoin now"}, {"start": "01:02:09", "end": "01:02:12", "text": "that we're in a we're in a bare market."}, {"start": "01:02:11", "end": "01:02:15", "text": "You know what I mean? I think it'd be"}, {"start": "01:02:12", "end": "01:02:18", "text": "actually good timing to be talking about"}, {"start": "01:02:15", "end": "01:02:21", "text": "loans against Bitcoin at low prices for"}, {"start": "01:02:18", "end": "01:02:23", "text": "Bitcoin. That's you have less uh risk of"}, {"start": "01:02:21", "end": "01:02:25", "text": "margin call in this kind of environment,"}, {"start": "01:02:23", "end": "01:02:26", "text": "you know. So,"}, {"start": "01:02:25", "end": "01:02:29", "text": ">> um yeah, and we're going to have a"}, {"start": "01:02:26", "end": "01:02:31", "text": "slumber party. Yes, Kelly. Uh it sounds"}, {"start": "01:02:29", "end": "01:02:32", "text": "like we're going to be getting our AI"}, {"start": "01:02:31", "end": "01:02:34", "text": "agents as well and I'm going to be"}, {"start": "01:02:32", "end": "01:02:35", "text": "staying with Kelly out there. So, it'll"}, {"start": "01:02:34", "end": "01:02:36", "text": "be good to see him again, hang out. It's"}, {"start": "01:02:35", "end": "01:02:37", "text": "been a while."}, {"start": "01:02:36", "end": "01:02:39", "text": ">> Oh, yeah. Been a while. Been a while."}, {"start": "01:02:37", "end": "01:02:40", "text": "I'm not just talking about the song. And"}, {"start": "01:02:39", "end": "01:02:42", "text": "it's been a while since we heard on the"}, {"start": "01:02:40", "end": "01:02:44", "text": "Clarity Act. is now off the Senate"}, {"start": "01:02:42", "end": "01:02:45", "text": "schedule. Uh they have not scheduled the"}, {"start": "01:02:44", "end": "01:02:48", "text": "crypto market structure bill for a"}, {"start": "01:02:45", "end": "01:02:50", "text": "markup on the week of April 20th. And"}, {"start": "01:02:48", "end": "01:02:52", "text": "per Politico's Tom Tillis, once again,"}, {"start": "01:02:50", "end": "01:02:54", "text": "all roads leave to freaking Tom. We'll"}, {"start": "01:02:52", "end": "01:02:56", "text": "release the final draft this week. The"}, {"start": "01:02:54", "end": "01:02:59", "text": "last piece needed before we can call a"}, {"start": "01:02:56", "end": "01:03:01", "text": "markup. So then uh even then it must"}, {"start": "01:02:59", "end": "01:03:03", "text": "align with the Senate Agriculture. So we"}, {"start": "01:03:01", "end": "01:03:04", "text": "got the Senate Commerce and the Senate A"}, {"start": "01:03:03", "end": "01:03:06", "text": "committees. They got to reconcile the"}, {"start": "01:03:04", "end": "01:03:08", "text": "two different bills. Then we have to"}, {"start": "01:03:06", "end": "01:03:11", "text": "pass a 60 vote Senate floor. Going to"}, {"start": "01:03:08", "end": "01:03:13", "text": "need some Democrats. then it reconciles"}, {"start": "01:03:11", "end": "01:03:15", "text": "a second time with the House version of"}, {"start": "01:03:13", "end": "01:03:17", "text": "the bill. And so that's where we're at"}, {"start": "01:03:15", "end": "01:03:18", "text": "with the Clarity Act. Uh we do have some"}, {"start": "01:03:17", "end": "01:03:20", "text": "updates here. This three hours ago,"}, {"start": "01:03:18", "end": "01:03:22", "text": "Trump said he's permanently opening the"}, {"start": "01:03:20", "end": "01:03:24", "text": "straight. It's making China very happy."}, {"start": "01:03:22", "end": "01:03:26", "text": "He had a post on True Social. Of course,"}, {"start": "01:03:24", "end": "01:03:28", "text": "Trump is heading to China in the near"}, {"start": "01:03:26", "end": "01:03:30", "text": "term and President Xi Jinping should be"}, {"start": "01:03:28", "end": "01:03:33", "text": "heading to America. As far as I know,"}, {"start": "01:03:30", "end": "01:03:34", "text": "not on the schedule as of yet. He said,"}, {"start": "01:03:33", "end": "01:03:37", "text": "\"I'm doing it for them also.\" So"}, {"start": "01:03:34", "end": "01:03:38", "text": "speaking of China and the world and"}, {"start": "01:03:37", "end": "01:03:40", "text": "China's foreign ministry described the"}, {"start": "01:03:38", "end": "01:03:42", "text": "blockade talking about Trump's blockade"}, {"start": "01:03:40", "end": "01:03:44", "text": "a dangerous and irresponsible act and"}, {"start": "01:03:42", "end": "01:03:46", "text": "there is one more thing I wanted to"}, {"start": "01:03:44", "end": "01:03:48", "text": "share here. Iranian military says"}, {"start": "01:03:46", "end": "01:03:50", "text": "continued blockade will violate the"}, {"start": "01:03:48", "end": "01:03:53", "text": "ceasefire and they might start targeting"}, {"start": "01:03:50", "end": "01:03:54", "text": "people. This is Iranian's head of their"}, {"start": "01:03:53", "end": "01:03:57", "text": "military there"}, {"start": "01:03:54", "end": "01:03:58", "text": ">> their top military commander and saying"}, {"start": "01:03:57", "end": "01:04:00", "text": "uh it would consider a violation of the"}, {"start": "01:03:58", "end": "01:04:02", "text": "ceasefire. Here's this quote. If the US"}, {"start": "01:04:00", "end": "01:04:04", "text": "wants to continue its illegal maritime"}, {"start": "01:04:02", "end": "01:04:06", "text": "blockade and create insecurity for Iran"}, {"start": "01:04:04", "end": "01:04:09", "text": "ships and oil tankers, it will be a"}, {"start": "01:04:06", "end": "01:04:11", "text": "prelude to a ceasefire violation."}, {"start": "01:04:09", "end": "01:04:13", "text": ">> Uh we will not allow exports and imports"}, {"start": "01:04:11", "end": "01:04:16", "text": "to continue in the Persian Gulf Sea of"}, {"start": "01:04:13", "end": "01:04:18", "text": "Oman or the Red Sea. That's where we're"}, {"start": "01:04:16", "end": "01:04:21", "text": "at. And the mediators, they're pushing"}, {"start": "01:04:18", "end": "01:04:23", "text": "for the ceasefire extension. We made the"}, {"start": "01:04:21", "end": "01:04:24", "text": "prediction this is probably just another"}, {"start": "01:04:23", "end": "01:04:27", "text": "part of the playbook where we're kicking"}, {"start": "01:04:24", "end": "01:04:28", "text": "the can down the road. Seems to indicate"}, {"start": "01:04:27", "end": "01:04:30", "text": "that's the case here."}, {"start": "01:04:28", "end": "01:04:33", "text": ">> Yeah. Um, and the military outlook of"}, {"start": "01:04:30", "end": "01:04:36", "text": "this is actually 2027."}, {"start": "01:04:33", "end": "01:04:38", "text": "So, you know, all their jockeying and"}, {"start": "01:04:36", "end": "01:04:41", "text": "positioning, that's fine. Military"}, {"start": "01:04:38", "end": "01:04:44", "text": "buildout is pushing timelines of actual"}, {"start": "01:04:41", "end": "01:04:46", "text": "uh moving to 27 anyways. So, um, it's a"}, {"start": "01:04:44", "end": "01:04:48", "text": "long-term deal. It would be good to see"}, {"start": "01:04:46", "end": "01:04:50", "text": "Trump and Xi Jinping come to some"}, {"start": "01:04:48", "end": "01:04:53", "text": "positive conclusion between the two."}, {"start": "01:04:50", "end": "01:04:56", "text": ">> I want him to go to North Korea's DMZ"}, {"start": "01:04:53", "end": "01:04:58", "text": "and hang out with Kim Jong-un. Dude, the"}, {"start": "01:04:56", "end": "01:04:59", "text": "nuclear power trio getting back"}, {"start": "01:04:58", "end": "01:05:01", "text": "together, hanging out."}, {"start": "01:04:59", "end": "01:05:03", "text": ">> And then get that conservative female"}, {"start": "01:05:01", "end": "01:05:05", "text": "leader from Japan and she brings KFC"}, {"start": "01:05:03", "end": "01:05:07", "text": "from Japan because it's better than"}, {"start": "01:05:05", "end": "01:05:09", "text": "American KFC."}, {"start": "01:05:07", "end": "01:05:11", "text": ">> I'm here for that kind of action, man."}, {"start": "01:05:09", "end": "01:05:12", "text": "That'd be nice to see. You know, it'd"}, {"start": "01:05:11", "end": "01:05:15", "text": "just be good to see cooler heads"}, {"start": "01:05:12", "end": "01:05:18", "text": "prevail. Um, you know, there's a lot of"}, {"start": "01:05:15", "end": "01:05:20", "text": "aggravation and really I think Trump's"}, {"start": "01:05:18", "end": "01:05:24", "text": "got a weird way of negotiation and the"}, {"start": "01:05:20", "end": "01:05:26", "text": "world's not used to it. So, um, yeah,"}, {"start": "01:05:24", "end": "01:05:29", "text": "it's it's interesting. Trump and Gia, a"}, {"start": "01:05:26", "end": "01:05:31", "text": "karate combat. We could that would be a"}, {"start": "01:05:29", "end": "01:05:33", "text": "a barn burner. That'd be even more"}, {"start": "01:05:31", "end": "01:05:34", "text": "watched than the Jake Paul's fight."}, {"start": "01:05:33", "end": "01:05:36", "text": "That'd be a big fight."}, {"start": "01:05:34", "end": "01:05:39", "text": ">> All right. And I pulled this liquidity"}, {"start": "01:05:36", "end": "01:05:42", "text": "pocket up probably 3 hours ago. It's"}, {"start": "01:05:39", "end": "01:05:44", "text": "11:36. Three and a half, four hours ago."}, {"start": "01:05:42", "end": "01:05:47", "text": "We're going to hit refresh. I'm just"}, {"start": "01:05:44", "end": "01:05:49", "text": "curious what has happened since."}, {"start": "01:05:47", "end": "01:05:49", "text": ">> We're smelling it."}, {"start": "01:05:49", "end": "01:05:51", "text": ">> Yeah."}, {"start": "01:05:49", "end": "01:05:54", "text": ">> Yeah. We're going to clear this, y'all."}, {"start": "01:05:51", "end": "01:05:54", "text": "73150"}, {"start": "01:05:55", "end": "01:06:01", "text": "and our prediction was"}, {"start": "01:05:57", "end": "01:06:01", "text": "let's zoom in here."}, {"start": "01:06:01", "end": "01:06:06", "text": "Oh god, I was looking at the one minute"}, {"start": "01:06:03", "end": "01:06:09", "text": "73150"}, {"start": "01:06:06", "end": "01:06:09", "text": ">> 73500. So maybe a little bit lower."}, {"start": "01:06:09", "end": "01:06:11", "text": ">> Yeah,"}, {"start": "01:06:09", "end": "01:06:12", "text": ">> maybe. Maybe"}, {"start": "01:06:11", "end": "01:06:13", "text": ">> we got to do something like that"}, {"start": "01:06:12", "end": "01:06:14", "text": "probably."}, {"start": "01:06:13", "end": "01:06:16", "text": ">> Yeah. And if you're trying to catch"}, {"start": "01:06:14", "end": "01:06:18", "text": "these things, I mean, you basically just"}, {"start": "01:06:16", "end": "01:06:20", "text": "put your stop loss under the structure."}, {"start": "01:06:18", "end": "01:06:21", "text": "If it loses structure, let the stop loss"}, {"start": "01:06:20", "end": "01:06:24", "text": "hit you."}, {"start": "01:06:21", "end": "01:06:24", "text": ">> Some people like to put the entry below"}, {"start": "01:06:24", "end": "01:06:26", "text": "this."}, {"start": "01:06:24", "end": "01:06:29", "text": ">> Yeah, absolutely. I mean, because"}, {"start": "01:06:26", "end": "01:06:30", "text": "obvious when you see the sweeps, it'll"}, {"start": "01:06:29", "end": "01:06:32", "text": "overshoot the sweep to the upside or"}, {"start": "01:06:30", "end": "01:06:35", "text": "downside by a degree, a couple hundred"}, {"start": "01:06:32", "end": "01:06:37", "text": "bucks. So, you know, it's a good way to"}, {"start": "01:06:35", "end": "01:06:40", "text": "to play it and then if you do lose"}, {"start": "01:06:37", "end": "01:06:42", "text": "structure, you know, just take the punch"}, {"start": "01:06:40", "end": "01:06:44", "text": "on the face and live to trade another"}, {"start": "01:06:42", "end": "01:06:47", "text": "day. I I got stopped out yesterday, you"}, {"start": "01:06:44", "end": "01:06:49", "text": "know. Um but you know, I used a stop"}, {"start": "01:06:47", "end": "01:06:50", "text": "loss, lived trade another day. I wake"}, {"start": "01:06:49", "end": "01:06:53", "text": "up, the birds are chirping, and I got"}, {"start": "01:06:50", "end": "01:06:54", "text": "another shot at another 10K. So"}, {"start": "01:06:53", "end": "01:06:56", "text": ">> yeah, someone bringing up the fact that"}, {"start": "01:06:54", "end": "01:06:59", "text": "we did triple top. Yeah, that is not a"}, {"start": "01:06:56", "end": "01:07:00", "text": "good sign. Talking about one, two, three"}, {"start": "01:06:59", "end": "01:07:02", "text": "right there. If you're talking about the"}, {"start": "01:07:00", "end": "01:07:05", "text": "long-term trend line, a triple top,"}, {"start": "01:07:02", "end": "01:07:07", "text": "classic TA, uh pretty strong reversal"}, {"start": "01:07:05", "end": "01:07:09", "text": "signal right there. But hey, that was a"}, {"start": "01:07:07", "end": "01:07:10", "text": "long time in the past. Now it's time to"}, {"start": "01:07:09", "end": "01:07:12", "text": "flip bullish here. But folks, that is"}, {"start": "01:07:10", "end": "01:07:13", "text": "our show. Drew is going to be in the"}, {"start": "01:07:12", "end": "01:07:15", "text": "basement. He's going to be looking at"}, {"start": "01:07:13", "end": "01:07:17", "text": "some charts with Crank. Maybe looking at"}, {"start": "01:07:15", "end": "01:07:19", "text": "some updates there. Uh, we appreciate"}, {"start": "01:07:17", "end": "01:07:20", "text": "you guys hanging out. Please smash the"}, {"start": "01:07:19", "end": "01:07:22", "text": "like button. Please smash the like"}, {"start": "01:07:20", "end": "01:07:24", "text": "button for Sean and smash the like"}, {"start": "01:07:22", "end": "01:07:26", "text": "button just for just for your coins"}, {"start": "01:07:24", "end": "01:07:28", "text": "going up. Every time you do it, Bitcoin"}, {"start": "01:07:26", "end": "01:07:30", "text": "goes up $1. I don't make the rules. Just"}, {"start": "01:07:28", "end": "01:07:32", "text": "happens, folks. See you. We just wanted"}, {"start": "01:07:30", "end": "01:07:34", "text": "to take a quick second to shout out our"}, {"start": "01:07:32", "end": "01:07:36", "text": "sponsor, Arculus. They are cold storage"}, {"start": "01:07:34", "end": "01:07:37", "text": "hardware wallet. Helps you secure all of"}, {"start": "01:07:36", "end": "01:07:39", "text": "your digital assets for the future. Just"}, {"start": "01:07:37", "end": "01:07:40", "text": "tap this thing to the back of your phone"}, {"start": "01:07:39", "end": "01:07:42", "text": "and boom, you're in. We wouldn't be able"}, {"start": "01:07:40", "end": "01:07:44", "text": "to do this without them, but also"}, {"start": "01:07:42", "end": "01:07:46", "text": "wouldn't be able to do this without you"}, {"start": "01:07:44", "end": "01:07:47", "text": "guys, the Disco fam. You've supported us"}, {"start": "01:07:46", "end": "01:07:49", "text": "a lot over the years. If you want to"}, {"start": "01:07:47", "end": "01:07:52", "text": "support the channel now, just use the"}, {"start": "01:07:49", "end": "01:07:54", "text": "code DC20. It gets you 20% off this"}, {"start": "01:07:52", "end": "01:07:55", "text": "card. It's the number one way you can"}, {"start": "01:07:54", "end": "01:07:56", "text": "support this channel going forward."}, {"start": "01:07:55", "end": "01:08:00", "text": "Thank you for your support. We'll see"}, {"start": "01:07:56", "end": "01:08:00", "text": "you at the top."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "We got another politician doing"}, {"start": "00:00:01", "end": "00:00:04", "text": "suspicious trading. This is straight"}, {"start": "00:00:03", "end": "00:00:06", "text": "from the Nancy Pelosi stock tracker and"}, {"start": "00:00:04", "end": "00:00:07", "text": "this one's hard to ignore. This"}, {"start": "00:00:06", "end": "00:00:09", "text": "Republican Senator just bought a bunch"}, {"start": "00:00:07", "end": "00:00:10", "text": "of MasterCard stock. Now, what's"}, {"start": "00:00:09", "end": "00:00:12", "text": "interesting about the Senator buying"}, {"start": "00:00:10", "end": "00:00:14", "text": "MasterCard, the Credit Card Competition"}, {"start": "00:00:12", "end": "00:00:16", "text": "Act is currently active in the Senate"}, {"start": "00:00:14", "end": "00:00:17", "text": "and the bill directly targets the fees"}, {"start": "00:00:16", "end": "00:00:19", "text": "that MasterCard charges every store. And"}, {"start": "00:00:17", "end": "00:00:20", "text": "at the same time, she sits on the"}, {"start": "00:00:19", "end": "00:00:22", "text": "Commerce Committee which has"}, {"start": "00:00:20", "end": "00:00:24", "text": "jurisdiction over payment network"}, {"start": "00:00:22", "end": "00:00:26", "text": "legislation. So, if anyone has insight"}, {"start": "00:00:24", "end": "00:00:28", "text": "on MasterCard's regulatory landscape, it"}, {"start": "00:00:26", "end": "00:00:30", "text": "is this lady right here. And the stock"}, {"start": "00:00:28", "end": "00:00:32", "text": "fell about 20% since the start of"}, {"start": "00:00:30", "end": "00:00:34", "text": "January, but it's now starting to rip"}, {"start": "00:00:32", "end": "00:00:34", "text": "up."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "With Bitcoin down 50% from all time"}, {"start": "00:00:02", "end": "00:00:06", "text": "high, a lot of holders are exploring"}, {"start": "00:00:04", "end": "00:00:08", "text": "ways to put their crypto to work. One"}, {"start": "00:00:06", "end": "00:00:10", "text": "option worth knowing about, crypto"}, {"start": "00:00:08", "end": "00:00:12", "text": "lending platforms. Now, this chart right"}, {"start": "00:00:10", "end": "00:00:14", "text": "here perfectly illustrates my point."}, {"start": "00:00:12", "end": "00:00:16", "text": "What you're looking at here is crypto"}, {"start": "00:00:14", "end": "00:00:18", "text": "lending. You deposit your crypto, and"}, {"start": "00:00:16", "end": "00:00:20", "text": "for eligible assets, interest can accrue"}, {"start": "00:00:18", "end": "00:00:22", "text": "on your balance. And what I notice on"}, {"start": "00:00:20", "end": "00:00:24", "text": "this chart is a major shift recently. If"}, {"start": "00:00:22", "end": "00:00:26", "text": "you see, there's several quarters in a"}, {"start": "00:00:24", "end": "00:00:28", "text": "row, we've just seen uninterrupted"}, {"start": "00:00:26", "end": "00:00:29", "text": "growth. And then if you dive into the"}, {"start": "00:00:28", "end": "00:00:31", "text": "numbers, you'll see a couple names"}, {"start": "00:00:29", "end": "00:00:33", "text": "standing out. The big green line is"}, {"start": "00:00:31", "end": "00:00:35", "text": "Tether. The next one, the number two"}, {"start": "00:00:33", "end": "00:00:37", "text": "one, is Nexo. Now, this is from that"}, {"start": "00:00:35", "end": "00:00:39", "text": "same market report from Galaxy. Tether,"}, {"start": "00:00:37", "end": "00:00:41", "text": "Nexo, and Galaxy are the top three"}, {"start": "00:00:39", "end": "00:00:43", "text": "lenders Galaxy research tracks by"}, {"start": "00:00:41", "end": "00:00:46", "text": "outstanding loan values. As of September"}, {"start": "00:00:43", "end": "00:00:50", "text": "30th, Tether, 14.6 billion in open"}, {"start": "00:00:46", "end": "00:00:51", "text": "loans. Nexo, 2.04 billion. Now, Nexo's"}, {"start": "00:00:50", "end": "00:00:54", "text": "interesting cuz they've been around"}, {"start": "00:00:51", "end": "00:00:56", "text": "since 2018. They've paid out 1.3 billion"}, {"start": "00:00:54", "end": "00:00:59", "text": "dollars in interest, and they have 8"}, {"start": "00:00:56", "end": "00:01:00", "text": "billion plus in assets under management."}, {"start": "00:00:59", "end": "00:01:03", "text": "So, first thing we're going to do is go"}, {"start": "00:01:00", "end": "00:01:05", "text": "to nexo.com. At nexo.com, under"}, {"start": "00:01:03", "end": "00:01:06", "text": "products, you're going to see flexible"}, {"start": "00:01:05", "end": "00:01:08", "text": "yield and fixed term yield. So, we're"}, {"start": "00:01:06", "end": "00:01:10", "text": "going to talk about yield first. So,"}, {"start": "00:01:08", "end": "00:01:11", "text": "after you click on one of these yield"}, {"start": "00:01:10", "end": "00:01:14", "text": "buttons, you can scroll down. You can"}, {"start": "00:01:11", "end": "00:01:15", "text": "see which assets Nexo supports. Now,"}, {"start": "00:01:14", "end": "00:01:17", "text": "we're going to click see all, and we're"}, {"start": "00:01:15", "end": "00:01:20", "text": "going to go to my favorite altcoin in a"}, {"start": "00:01:17", "end": "00:01:22", "text": "bear market. That's Tether, USDT. Now,"}, {"start": "00:01:20", "end": "00:01:23", "text": "after you click on Tether or whichever"}, {"start": "00:01:22", "end": "00:01:26", "text": "asset you want to look at, you're going"}, {"start": "00:01:23", "end": "00:01:28", "text": "to see two different choices, flexible"}, {"start": "00:01:26", "end": "00:01:31", "text": "versus fixed term yield. So, whether you"}, {"start": "00:01:28", "end": "00:01:32", "text": "prioritize access or long-term"}, {"start": "00:01:31", "end": "00:01:34", "text": "positioning, there's a Nexo yield"}, {"start": "00:01:32", "end": "00:01:36", "text": "solution to match your strategy. But,"}, {"start": "00:01:34", "end": "00:01:37", "text": "let's talk about how. How to accrue"}, {"start": "00:01:36", "end": "00:01:39", "text": "interest on your Tether. Here's how you"}, {"start": "00:01:37", "end": "00:01:41", "text": "start generating daily interest on your"}, {"start": "00:01:39", "end": "00:01:43", "text": "crypto with the flexible yield. First"}, {"start": "00:01:41", "end": "00:01:46", "text": "thing you do, add USDT. You can transfer"}, {"start": "00:01:43", "end": "00:01:48", "text": "Tether to your Nexo account, or exchange"}, {"start": "00:01:46", "end": "00:01:50", "text": "another asset for USDT directly in the"}, {"start": "00:01:48", "end": "00:01:52", "text": "app. And I'll show you the whole list of"}, {"start": "00:01:50", "end": "00:01:54", "text": "assets you can exchange in a second."}, {"start": "00:01:52", "end": "00:01:57", "text": "Head to the Nexo app, go to my profile,"}, {"start": "00:01:54", "end": "00:01:59", "text": "app settings, yield settings, opt in if"}, {"start": "00:01:57", "end": "00:02:01", "text": "required, toggle the setting on, start"}, {"start": "00:01:59", "end": "00:02:03", "text": "earning daily interest. Next, watch your"}, {"start": "00:02:01", "end": "00:02:06", "text": "balance grow. They'll start accruing"}, {"start": "00:02:03", "end": "00:02:09", "text": "daily compounding interest automatically"}, {"start": "00:02:06", "end": "00:02:12", "text": "after 24 hours, and you could even boost"}, {"start": "00:02:09", "end": "00:02:14", "text": "by going into fixed term savings. Access"}, {"start": "00:02:12", "end": "00:02:16", "text": "their higher interest rates by going"}, {"start": "00:02:14", "end": "00:02:18", "text": "with this option. But, let's talk about"}, {"start": "00:02:16", "end": "00:02:20", "text": "the difference between flexible and"}, {"start": "00:02:18", "end": "00:02:22", "text": "fixed term yield. Now, flexible daily"}, {"start": "00:02:20", "end": "00:02:24", "text": "compound interest with no lockups. So,"}, {"start": "00:02:22", "end": "00:02:26", "text": "you generate the compound interest, like"}, {"start": "00:02:24", "end": "00:02:28", "text": "I said, with daily payouts after 24"}, {"start": "00:02:26", "end": "00:02:30", "text": "hours, retain complete access to your"}, {"start": "00:02:28", "end": "00:02:34", "text": "USDT, and experience the compounding"}, {"start": "00:02:30", "end": "00:02:35", "text": "effect as each payout fuels the next."}, {"start": "00:02:34", "end": "00:02:37", "text": "Now, fixed term yield, higher annual"}, {"start": "00:02:35", "end": "00:02:41", "text": "interest rates for set periods. Generate"}, {"start": "00:02:37", "end": "00:02:43", "text": "up to their stated rate, 12.5% per year,"}, {"start": "00:02:41", "end": "00:02:45", "text": "paid out in full at the term's end. You"}, {"start": "00:02:43", "end": "00:02:47", "text": "lock it up for set periods in exchange"}, {"start": "00:02:45", "end": "00:02:49", "text": "for the higher yields. But, how this"}, {"start": "00:02:47", "end": "00:02:52", "text": "compounds daily, each payout fuels the"}, {"start": "00:02:49", "end": "00:02:54", "text": "next. For this one, auto renew your term"}, {"start": "00:02:52", "end": "00:02:57", "text": "with a single tap to enjoy uninterrupted"}, {"start": "00:02:54", "end": "00:02:59", "text": "growth. So, at the end of the full term,"}, {"start": "00:02:57", "end": "00:03:00", "text": "you can auto renew into the next one."}, {"start": "00:02:59", "end": "00:03:03", "text": "Now, right below you see, it talks about"}, {"start": "00:03:00", "end": "00:03:05", "text": "the Nexo token. There is a Nexo altcoin,"}, {"start": "00:03:03", "end": "00:03:06", "text": "how the Nexo ecosystem supports your"}, {"start": "00:03:05", "end": "00:03:08", "text": "Tether, or whatever you're trying to"}, {"start": "00:03:06", "end": "00:03:10", "text": "earn yield on. So, you boost your"}, {"start": "00:03:08", "end": "00:03:12", "text": "payouts as you move up the wealth tiers."}, {"start": "00:03:10", "end": "00:03:15", "text": "Holding Nexo tokens gives your Tether"}, {"start": "00:03:12", "end": "00:03:16", "text": "more accruing power. What this basically"}, {"start": "00:03:15", "end": "00:03:19", "text": "means is you can unlock better stated"}, {"start": "00:03:16", "end": "00:03:21", "text": "rates across Nexo. So, if you're an"}, {"start": "00:03:19", "end": "00:03:23", "text": "eligible user, you can get higher annual"}, {"start": "00:03:21", "end": "00:03:25", "text": "interest rates on your savings. But, not"}, {"start": "00:03:23", "end": "00:03:27", "text": "only that, you could also get lower"}, {"start": "00:03:25", "end": "00:03:28", "text": "borrowing rates. Now, let's go back to"}, {"start": "00:03:27", "end": "00:03:30", "text": "the top of the page. You're also going"}, {"start": "00:03:28", "end": "00:03:32", "text": "to see credit line. Let's talk about a"}, {"start": "00:03:30", "end": "00:03:34", "text": "credit line. So, when a whale needs"}, {"start": "00:03:32", "end": "00:03:36", "text": "liquidity, they will often borrow"}, {"start": "00:03:34", "end": "00:03:38", "text": "against their assets rather than selling"}, {"start": "00:03:36", "end": "00:03:40", "text": "them. So, instead of dumping your coins,"}, {"start": "00:03:38", "end": "00:03:43", "text": "you can open a credit line instead. With"}, {"start": "00:03:40", "end": "00:03:45", "text": "a credit line, you can stay invested in"}, {"start": "00:03:43", "end": "00:03:47", "text": "your altcoin or Bitcoin without having"}, {"start": "00:03:45", "end": "00:03:49", "text": "to sell your underlying collateral. So,"}, {"start": "00:03:47", "end": "00:03:51", "text": "with the credit line, you stay invested"}, {"start": "00:03:49", "end": "00:03:54", "text": "in your crypto while accessing liquidity"}, {"start": "00:03:51", "end": "00:03:56", "text": "without having to sell your favorite"}, {"start": "00:03:54", "end": "00:03:58", "text": "altcoin or having to sell your Bitcoin."}, {"start": "00:03:56", "end": "00:04:01", "text": "So, with a credit line, open once, repay"}, {"start": "00:03:58", "end": "00:04:03", "text": "anytime, use it again whenever Keep your"}, {"start": "00:04:01", "end": "00:04:05", "text": "collateral flexible, combine Bitcoin,"}, {"start": "00:04:03", "end": "00:04:07", "text": "ETH, 30 plus supported assets as"}, {"start": "00:04:05", "end": "00:04:09", "text": "collateral, swap them anytime as the"}, {"start": "00:04:07", "end": "00:04:12", "text": "market evolves, and get your funds"}, {"start": "00:04:09", "end": "00:04:14", "text": "within hours. So, you can access as low"}, {"start": "00:04:12", "end": "00:04:16", "text": "as 50, or as high as 2 million dollars"}, {"start": "00:04:14", "end": "00:04:18", "text": "within hours. And that'll be subject to"}, {"start": "00:04:16", "end": "00:04:20", "text": "your account tier and supported"}, {"start": "00:04:18", "end": "00:04:23", "text": "collateral as well. And it unlocks tax"}, {"start": "00:04:20", "end": "00:04:25", "text": "efficient borrowing. And one reason"}, {"start": "00:04:23", "end": "00:04:26", "text": "borrowers may prefer this approach,"}, {"start": "00:04:25", "end": "00:04:29", "text": "borrowing against your crypto may"}, {"start": "00:04:26", "end": "00:04:31", "text": "provide liquidity without creating a tax"}, {"start": "00:04:29", "end": "00:04:33", "text": "event by selling your collateral. Note,"}, {"start": "00:04:31", "end": "00:04:35", "text": "this is not tax advice. Consult a tax"}, {"start": "00:04:33", "end": "00:04:37", "text": "professional for your specific"}, {"start": "00:04:35", "end": "00:04:39", "text": "situation. And speaking of collateral,"}, {"start": "00:04:37", "end": "00:04:40", "text": "there's a large list of assets that you"}, {"start": "00:04:39", "end": "00:04:43", "text": "can use. And we're going to click see"}, {"start": "00:04:40", "end": "00:04:47", "text": "all uh to see which assets you can use"}, {"start": "00:04:43", "end": "00:04:50", "text": "as collateral. Bitcoin, ETH, USDT, USDC,"}, {"start": "00:04:47", "end": "00:04:52", "text": "BNB, Chainlink, one of my favorite ones"}, {"start": "00:04:50", "end": "00:04:54", "text": "right there. They got Aave, they got"}, {"start": "00:04:52", "end": "00:04:56", "text": "Polygon, they got AVAX. They got a whole"}, {"start": "00:04:54", "end": "00:04:58", "text": "list of assets here. And if you just"}, {"start": "00:04:56", "end": "00:04:59", "text": "want to spot trade, they also got a a"}, {"start": "00:04:58", "end": "00:05:02", "text": "long, long list there. You can go to"}, {"start": "00:04:59", "end": "00:05:04", "text": "markets, click browse all assets, and"}, {"start": "00:05:02", "end": "00:05:07", "text": "you'll see them here. They got layer"}, {"start": "00:05:04", "end": "00:05:10", "text": "ones, DeFi, gaming, NFT, uh all types of"}, {"start": "00:05:07", "end": "00:05:12", "text": "stuff. Pages, pages of altcoins here."}, {"start": "00:05:10", "end": "00:05:14", "text": "So, go check out Nexo at nexo.com. And"}, {"start": "00:05:12", "end": "00:05:15", "text": "if you do want to explore all the"}, {"start": "00:05:14", "end": "00:05:18", "text": "assets, we're going to have a link down"}, {"start": "00:05:15", "end": "00:05:18", "text": "in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Behind me is a list of the best stocks"}, {"start": "00:00:01", "end": "00:00:05", "text": "to own. Let me explain why. After the"}, {"start": "00:00:03", "end": "00:00:06", "text": "straight up moves were shut down, you"}, {"start": "00:00:05", "end": "00:00:08", "text": "can see on the daily candles the stock"}, {"start": "00:00:06", "end": "00:00:10", "text": "market took a huge dump. But then over"}, {"start": "00:00:08", "end": "00:00:12", "text": "the last few days we've seen a decent"}, {"start": "00:00:10", "end": "00:00:14", "text": "rally. And the thesis is when you're in"}, {"start": "00:00:12", "end": "00:00:16", "text": "an uptrend, you want to be in the stocks"}, {"start": "00:00:14", "end": "00:00:18", "text": "that over perform. So which stocks have"}, {"start": "00:00:16", "end": "00:00:19", "text": "done the best over the past week? I'm"}, {"start": "00:00:18", "end": "00:00:23", "text": "going to go ahead and just give you the"}, {"start": "00:00:19", "end": "00:00:23", "text": "list. Number one though was Amazon."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Which one's the best crypto asset? The"}, {"start": "00:00:03", "end": "00:00:09", "text": "best crypto asset. Which one's the best"}, {"start": "00:00:05", "end": "00:00:10", "text": "crypto asset? A best crypto asset. Which"}, {"start": "00:00:09", "end": "00:00:13", "text": "one's the best? Which one's the best?"}, {"start": "00:00:10", "end": "00:00:15", "text": "Which one's the best? Which one's the"}, {"start": "00:00:13", "end": "00:00:17", "text": "best? Which one's the best? Which one's"}, {"start": "00:00:15", "end": "00:00:20", "text": "the best? Which one's the best? Which"}, {"start": "00:00:17", "end": "00:00:23", "text": "one's the best? Which one?"}, {"start": "00:00:20", "end": "00:00:26", "text": "Which one's the best? Which one?"}, {"start": "00:00:23", "end": "00:00:26", "text": "What's the second best?"}, {"start": "00:00:32", "end": "00:00:36", "text": "This is Discover Crypto. Smash the like"}, {"start": "00:00:35", "end": "00:00:38", "text": "buttons because we're talking about a"}, {"start": "00:00:36", "end": "00:00:40", "text": "$100,000 Bitcoin today. We're also going"}, {"start": "00:00:38", "end": "00:00:42", "text": "to give you some bearish targets. We're"}, {"start": "00:00:40", "end": "00:00:44", "text": "going to look at some ETH charts, XRP"}, {"start": "00:00:42", "end": "00:00:46", "text": "charts, and Cardano charts. And wait"}, {"start": "00:00:44", "end": "00:00:48", "text": "till I show you our Ethereum predictions"}, {"start": "00:00:46", "end": "00:00:50", "text": "over the past seven days. Let's just say"}, {"start": "00:00:48", "end": "00:00:52", "text": "it's going to go very well or very"}, {"start": "00:00:50", "end": "00:00:54", "text": "poorly. Nowhere in the middle. And I'm"}, {"start": "00:00:52", "end": "00:00:56", "text": "joined here with Drew. Drew, how are you"}, {"start": "00:00:54", "end": "00:00:58", "text": "doing today? Are you are you feeling"}, {"start": "00:00:56", "end": "00:01:00", "text": "frisky on this Tuesday?"}, {"start": "00:00:58", "end": "00:01:02", "text": ">> Yeah, man. I mean, this market's being"}, {"start": "00:01:00", "end": "00:01:05", "text": "pretty unreasonably bullish. It's the"}, {"start": "00:01:02", "end": "00:01:07", "text": "worst bare market of my life. And I'm"}, {"start": "00:01:05", "end": "00:01:09", "text": "taking the 60K bottom very, very"}, {"start": "00:01:07", "end": "00:01:12", "text": "seriously this morning. easy very"}, {"start": "00:01:09", "end": "00:01:15", "text": "seriously considering that 60K"}, {"start": "00:01:12", "end": "00:01:17", "text": "was that perfect buying spot because I"}, {"start": "00:01:15", "end": "00:01:20", "text": "mean all of these metrics are clipping"}, {"start": "00:01:17", "end": "00:01:23", "text": "up and it's definitely looking like we"}, {"start": "00:01:20", "end": "00:01:25", "text": "said on the show two weeks ago well I"}, {"start": "00:01:23", "end": "00:01:29", "text": "said that we're going to 80K in the next"}, {"start": "00:01:25", "end": "00:01:32", "text": "few weeks. Um and we are well on our way"}, {"start": "00:01:29", "end": "00:01:34", "text": "there. We just are right under 76 right"}, {"start": "00:01:32", "end": "00:01:37", "text": "now. We've had about a 6% day on"}, {"start": "00:01:34", "end": "00:01:38", "text": "Bitcoin. It's waking up big time."}, {"start": "00:01:37", "end": "00:01:40", "text": ">> Yeah. And if we hit the top of this"}, {"start": "00:01:38", "end": "00:01:43", "text": "range, say tomorrow, looking at about"}, {"start": "00:01:40", "end": "00:01:45", "text": "78,000 in the low hundreds over the next"}, {"start": "00:01:43", "end": "00:01:46", "text": "few days, starts creeping towards 79,"}, {"start": "00:01:45", "end": "00:01:48", "text": "then starts creeping towards 80. And if"}, {"start": "00:01:46", "end": "00:01:51", "text": "you look at our prediction here, we did"}, {"start": "00:01:48", "end": "00:01:52", "text": "get rejected initially. And you see"}, {"start": "00:01:51", "end": "00:01:54", "text": "right here, nice little rejection. Took"}, {"start": "00:01:52", "end": "00:01:56", "text": "a little bit of time to cool off, gain"}, {"start": "00:01:54", "end": "00:01:58", "text": "some momentum, and then just smash"}, {"start": "00:01:56", "end": "00:01:59", "text": "through. Smash through in a pretty"}, {"start": "00:01:58", "end": "00:02:01", "text": "impressive way. Did come down for the"}, {"start": "00:01:59", "end": "00:02:02", "text": "retest there. But looking at the daily"}, {"start": "00:02:01", "end": "00:02:04", "text": "chart, you can see we're still in the"}, {"start": "00:02:02", "end": "00:02:06", "text": "range. Still nothing has changed here."}, {"start": "00:02:04", "end": "00:02:08", "text": "And if you're wondering just if it"}, {"start": "00:02:06", "end": "00:02:10", "text": "happens today, if things just go"}, {"start": "00:02:08", "end": "00:02:12", "text": "incredibly bullish, 78,100"}, {"start": "00:02:10", "end": "00:02:13", "text": "is the level that we're looking at."}, {"start": "00:02:12", "end": "00:02:16", "text": "Testing the bottom of the range, you're"}, {"start": "00:02:13", "end": "00:02:17", "text": "looking at 67,200."}, {"start": "00:02:16", "end": "00:02:20", "text": "So still bullish as long as we stay in"}, {"start": "00:02:17", "end": "00:02:22", "text": "the structure and we haven't closed any"}, {"start": "00:02:20", "end": "00:02:25", "text": "days below the candle body right here."}, {"start": "00:02:22", "end": "00:02:27", "text": "So this is a bare flag larger macro"}, {"start": "00:02:25", "end": "00:02:29", "text": "bearish pattern. And when I say macro, I"}, {"start": "00:02:27", "end": "00:02:31", "text": "mean longer term, but the micro pattern,"}, {"start": "00:02:29", "end": "00:02:33", "text": "the shorter term is still looking"}, {"start": "00:02:31", "end": "00:02:35", "text": "bullish. So feeling pretty bullish."}, {"start": "00:02:33", "end": "00:02:39", "text": "Let's look at the prices here. Woo, look"}, {"start": "00:02:35", "end": "00:02:41", "text": "at that. 6% now 5.9%. ETH is now up"}, {"start": "00:02:39", "end": "00:02:43", "text": "almost 10% today. We're going to go"}, {"start": "00:02:41", "end": "00:02:49", "text": "right to the ETH chart after this. XRP"}, {"start": "00:02:43", "end": "00:02:51", "text": "4.2. Salana 5.4%. Dogecoin 5.6% pump. Uh"}, {"start": "00:02:49", "end": "00:02:54", "text": "Hyperlid up 5%. Cardano little bit"}, {"start": "00:02:51", "end": "00:02:56", "text": "lagging here 2.6. Monero little bit of a"}, {"start": "00:02:54", "end": "00:02:58", "text": "lag here. Zcash little bit of a lag."}, {"start": "00:02:56", "end": "00:03:01", "text": "We're going to talk about Zcash. Look at"}, {"start": "00:02:58", "end": "00:03:03", "text": "some Zcash charts later on. But raved,"}, {"start": "00:03:01", "end": "00:03:07", "text": "crime season, Drew, crime season is"}, {"start": "00:03:03", "end": "00:03:08", "text": "still printing. Raalow still looking"}, {"start": "00:03:07", "end": "00:03:10", "text": "bullish."}, {"start": "00:03:08", "end": "00:03:13", "text": ">> Yeah. And I did see, I believe, some"}, {"start": "00:03:10", "end": "00:03:15", "text": "Binance listing uh questions from the"}, {"start": "00:03:13", "end": "00:03:18", "text": "time of the pump of kind of the time"}, {"start": "00:03:15", "end": "00:03:20", "text": "frame of the pump. Um, you know,"}, {"start": "00:03:18", "end": "00:03:23", "text": "basically a massive short squeeze what"}, {"start": "00:03:20", "end": "00:03:26", "text": "people are talking about and a $10"}, {"start": "00:03:23", "end": "00:03:27", "text": "billion grab from Binance cutting away"}, {"start": "00:03:26", "end": "00:03:29", "text": "all the shorts on this one. This is why"}, {"start": "00:03:27", "end": "00:03:31", "text": "we just said to be careful trying to"}, {"start": "00:03:29", "end": "00:03:32", "text": "short these things. Um,"}, {"start": "00:03:31", "end": "00:03:35", "text": ">> yeah, and you know, we told you guys"}, {"start": "00:03:32", "end": "00:03:36", "text": "yesterday, do not short this. I I"}, {"start": "00:03:35", "end": "00:03:39", "text": "specifically said do not short this. But"}, {"start": "00:03:36", "end": "00:03:41", "text": "Drew, I didn't say do long it. And so,"}, {"start": "00:03:39", "end": "00:03:43", "text": "you know, maybe that one's on me. But"}, {"start": "00:03:41", "end": "00:03:44", "text": "let's look at the 24hour. Yeah, I mean,"}, {"start": "00:03:43", "end": "00:03:46", "text": "that's a liquidation. That's a"}, {"start": "00:03:44", "end": "00:03:47", "text": "liquidation. If you have high leverage,"}, {"start": "00:03:46", "end": "00:03:49", "text": "that's a liquidation. I mean, that's"}, {"start": "00:03:47", "end": "00:03:52", "text": "actually a pretty big move. That's over"}, {"start": "00:03:49", "end": "00:03:54", "text": "$12 on the peak. Dips, you know, to"}, {"start": "00:03:52", "end": "00:03:56", "text": "about 1110. So, yeah. I mean, if you're"}, {"start": "00:03:54", "end": "00:03:57", "text": "trading 6x, you're getting liquidated."}, {"start": "00:03:56", "end": "00:03:59", "text": "That's a liquidation. So, a lot of"}, {"start": "00:03:57", "end": "00:04:00", "text": "people are going to be liquidated trying"}, {"start": "00:03:59", "end": "00:04:02", "text": "to long it. A lot of people are going to"}, {"start": "00:04:00", "end": "00:04:03", "text": "be liquidated trying to short it."}, {"start": "00:04:02", "end": "00:04:05", "text": "Everybody's going to be liquidated if"}, {"start": "00:04:03", "end": "00:04:06", "text": "you're using some high leverage on that"}, {"start": "00:04:05", "end": "00:04:08", "text": "one. We are going to check on the"}, {"start": "00:04:06", "end": "00:04:10", "text": "trading discord. A lot of longs came in"}, {"start": "00:04:08", "end": "00:04:11", "text": "this morning. But I said we're going to"}, {"start": "00:04:10", "end": "00:04:14", "text": "look at the ETH first. I want to see do"}, {"start": "00:04:11", "end": "00:04:16", "text": "we have anything dropping stable siren"}, {"start": "00:04:14", "end": "00:04:17", "text": "midnight mint towel down as well."}, {"start": "00:04:16", "end": "00:04:19", "text": ">> Whoa."}, {"start": "00:04:17", "end": "00:04:20", "text": ">> Toncoin near,"}, {"start": "00:04:19", "end": "00:04:25", "text": ">> you know, midnight's actually losing"}, {"start": "00:04:20", "end": "00:04:27", "text": "that 45 spot um at 36 right now. So,"}, {"start": "00:04:25", "end": "00:04:28", "text": "it's low. It's breaking"}, {"start": "00:04:27", "end": "00:04:30", "text": ">> breaking down hard."}, {"start": "00:04:28", "end": "00:04:33", "text": ">> Look at that. Yeah, we we were dumping"}, {"start": "00:04:30", "end": "00:04:35", "text": "dumping the midnight for hype and I was"}, {"start": "00:04:33", "end": "00:04:37", "text": "very public about this. Told you guys"}, {"start": "00:04:35", "end": "00:04:39", "text": "about this and I didn't empty all the"}, {"start": "00:04:37", "end": "00:04:40", "text": "wallets, but looking at that dip right"}, {"start": "00:04:39", "end": "00:04:42", "text": "there, I wish I would have emptied a few"}, {"start": "00:04:40", "end": "00:04:43", "text": "more wallets, but I said we're going to"}, {"start": "00:04:42", "end": "00:04:44", "text": "look at the ETH charts. Let's look at"}, {"start": "00:04:43", "end": "00:04:46", "text": "the ETH chart. Let's check on our"}, {"start": "00:04:44", "end": "00:04:48", "text": "predictions here. talked about this"}, {"start": "00:04:46", "end": "00:04:50", "text": "bounced off this support trend line"}, {"start": "00:04:48", "end": "00:04:53", "text": "potential bull flag breakout had a"}, {"start": "00:04:50", "end": "00:04:54", "text": "little bit of double confluence here and"}, {"start": "00:04:53", "end": "00:04:56", "text": "this target also gave us really good"}, {"start": "00:04:54", "end": "00:05:00", "text": "confluence I'll talk about that in a"}, {"start": "00:04:56", "end": "00:05:02", "text": "second how did the predictions play out"}, {"start": "00:05:00", "end": "00:05:05", "text": "well Drew I'll let you answer that"}, {"start": "00:05:02", "end": "00:05:08", "text": "question for me oh my god are you"}, {"start": "00:05:05", "end": "00:05:11", "text": "kidding me are you kidding me this is"}, {"start": "00:05:08", "end": "00:05:13", "text": "that ETH bull flag you're drawn out damn"}, {"start": "00:05:11", "end": "00:05:15", "text": "that is to the tea here"}, {"start": "00:05:13", "end": "00:05:16", "text": ">> yeah we gave you gave you these levels"}, {"start": "00:05:15", "end": "00:05:18", "text": "folks We gave you these levels and I"}, {"start": "00:05:16", "end": "00:05:20", "text": "said double confluence. Let's zoom out a"}, {"start": "00:05:18", "end": "00:05:22", "text": "little bit. Drew, check this out."}, {"start": "00:05:20", "end": "00:05:24", "text": ">> Look at you see the green dotted line."}, {"start": "00:05:22", "end": "00:05:28", "text": "That is where we're at right now as far"}, {"start": "00:05:24", "end": "00:05:30", "text": "as price action. Look right there."}, {"start": "00:05:28", "end": "00:05:33", "text": "Very nice price action. And you can go"}, {"start": "00:05:30", "end": "00:05:36", "text": "back even further. Look right here. And"}, {"start": "00:05:33", "end": "00:05:38", "text": "so this level just and right there. I"}, {"start": "00:05:36", "end": "00:05:40", "text": "mean, this is the runup in 2023. So just"}, {"start": "00:05:38", "end": "00:05:43", "text": "a lot of signs pointing to this area."}, {"start": "00:05:40", "end": "00:05:45", "text": "It's going to be right around $2,400."}, {"start": "00:05:43", "end": "00:05:47", "text": "So, the ETH played out beautifully. The"}, {"start": "00:05:45", "end": "00:05:48", "text": "playbook, you know, still working here."}, {"start": "00:05:47", "end": "00:05:50", "text": "And again, like I said, we're going to"}, {"start": "00:05:48", "end": "00:05:52", "text": "be checking in on the trading discord."}, {"start": "00:05:50", "end": "00:05:53", "text": "So, good stuff right there. If you're"}, {"start": "00:05:52", "end": "00:05:55", "text": "jumping in, we're going to look at the"}, {"start": "00:05:53", "end": "00:05:58", "text": "XRP charts a little bit later. I may"}, {"start": "00:05:55", "end": "00:05:59", "text": "have found another parallel range we're"}, {"start": "00:05:58", "end": "00:06:01", "text": "going to need to pay attention to. But,"}, {"start": "00:05:59", "end": "00:06:02", "text": "let's talk about 100K Bitcoin. Let's"}, {"start": "00:06:01", "end": "00:06:04", "text": "talk about the bullishness hitting the"}, {"start": "00:06:02", "end": "00:06:06", "text": "timeline here. A lot of people are"}, {"start": "00:06:04", "end": "00:06:08", "text": "looking at this very bullish on this"}, {"start": "00:06:06", "end": "00:06:10", "text": "Morgan Stanley move. Current homepage of"}, {"start": "00:06:08", "end": "00:06:12", "text": "Morgan Stanley Investment Management."}, {"start": "00:06:10", "end": "00:06:14", "text": "Morgan Stanley now leading with crypto"}, {"start": "00:06:12", "end": "00:06:17", "text": "on their website. Crypto built into your"}, {"start": "00:06:14", "end": "00:06:19", "text": "portfolio. No wallet needed. Introducing"}, {"start": "00:06:17", "end": "00:06:21", "text": "costefficient exchange trade away for"}, {"start": "00:06:19", "end": "00:06:25", "text": "clients to gain cryptocurrency exposure"}, {"start": "00:06:21", "end": "00:06:27", "text": "here. And so seen a full shift by Morgan"}, {"start": "00:06:25", "end": "00:06:29", "text": "Stanley. Drew, probably not a"}, {"start": "00:06:27", "end": "00:06:30", "text": "coincidence. They waited for their"}, {"start": "00:06:29", "end": "00:06:33", "text": "Bitcoin ETF, huh?"}, {"start": "00:06:30", "end": "00:06:35", "text": ">> No, not at all. And I I when I did see"}, {"start": "00:06:33", "end": "00:06:37", "text": "their timing of the Bitcoin ETF, I was"}, {"start": "00:06:35", "end": "00:06:40", "text": "just glad that they didn't release it"}, {"start": "00:06:37", "end": "00:06:43", "text": "over 100K. um you know, wait for the"}, {"start": "00:06:40", "end": "00:06:45", "text": "price to come back down and then launch"}, {"start": "00:06:43", "end": "00:06:47", "text": "it. So, I I did see that's a pretty good"}, {"start": "00:06:45", "end": "00:06:49", "text": "sign. And I mean, they're putting their"}, {"start": "00:06:47", "end": "00:06:52", "text": "neck out there advertising it on their"}, {"start": "00:06:49", "end": "00:06:54", "text": "front page while largely the chips are"}, {"start": "00:06:52", "end": "00:06:55", "text": "down against crypto, right? I mean,"}, {"start": "00:06:54", "end": "00:06:57", "text": "it's, you know, you still have the"}, {"start": "00:06:55", "end": "00:07:00", "text": "people, oh, it used to be 126, it's not"}, {"start": "00:06:57", "end": "00:07:01", "text": "there anymore. You suck. And so, putting"}, {"start": "00:07:00", "end": "00:07:04", "text": "your neck out on the line and"}, {"start": "00:07:01", "end": "00:07:06", "text": "advertising crypto in this market,"}, {"start": "00:07:04", "end": "00:07:06", "text": "that's pretty risky business. So, good"}, {"start": "00:07:06", "end": "00:07:07", "text": "on that."}, {"start": "00:07:06", "end": "00:07:09", "text": ">> Very, very risky business. saying,"}, {"start": "00:07:07", "end": "00:07:11", "text": "\"Yeah, you're going to get those weird"}, {"start": "00:07:09", "end": "00:07:13", "text": "side glances at the Waldorf or Stoia"}, {"start": "00:07:11", "end": "00:07:15", "text": "lunchon.\" You know, you're like,"}, {"start": "00:07:13", "end": "00:07:17", "text": "\"They're selling Bitcoin over there. We"}, {"start": "00:07:15", "end": "00:07:19", "text": "just deal with the Secret Families.\" All"}, {"start": "00:07:17", "end": "00:07:21", "text": "right, let's talk about extra"}, {"start": "00:07:19", "end": "00:07:24", "text": "bullishness in the charts here. Lot of"}, {"start": "00:07:21", "end": "00:07:27", "text": "people talking about Stretch. Stretch's"}, {"start": "00:07:24", "end": "00:07:30", "text": "Micro Strategies dividend stock. We've"}, {"start": "00:07:27", "end": "00:07:32", "text": "talked about it a lot here. $450"}, {"start": "00:07:30", "end": "00:07:34", "text": "million. I've never seen anything like"}, {"start": "00:07:32", "end": "00:07:37", "text": "this. That's how much Sailor raised to"}, {"start": "00:07:34", "end": "00:07:39", "text": "buy Bitcoin in six hours."}, {"start": "00:07:37", "end": "00:07:42", "text": "in six hours. So, major amount of"}, {"start": "00:07:39", "end": "00:07:44", "text": "Bitcoin accumulation here. 45,000"}, {"start": "00:07:42", "end": "00:07:46", "text": "Bitcoin has been produced so far this"}, {"start": "00:07:44", "end": "00:07:49", "text": "year with the miners producing Bitcoin"}, {"start": "00:07:46", "end": "00:07:51", "text": "every 10 minutes. 3.125. Strategy has"}, {"start": "00:07:49", "end": "00:07:55", "text": "purchased a 100,000 and then we've only"}, {"start": "00:07:51", "end": "00:07:58", "text": "printed 45,000. It says 138% of new"}, {"start": "00:07:55", "end": "00:08:00", "text": "supply. It's actually 238%"}, {"start": "00:07:58", "end": "00:08:03", "text": "of the new supply. So, Micro Strategy"}, {"start": "00:08:00", "end": "00:08:05", "text": "buying much more Bitcoin than is being"}, {"start": "00:08:03", "end": "00:08:07", "text": "produced. And we're not talking about a"}, {"start": "00:08:05", "end": "00:08:10", "text": "24-hour snapshot, even a month snapshot"}, {"start": "00:08:07", "end": "00:08:13", "text": "of 14 days. We're talking about the"}, {"start": "00:08:10", "end": "00:08:16", "text": "entire year of 2026. It's a lot of"}, {"start": "00:08:13", "end": "00:08:18", "text": "buying pressure. And it's not just Micro"}, {"start": "00:08:16", "end": "00:08:20", "text": "Strategy. Even Bank of America jumping"}, {"start": "00:08:18", "end": "00:08:22", "text": "on the bandwagon here. They put Bitcoin"}, {"start": "00:08:20", "end": "00:08:24", "text": "on their thousand-year chart of the most"}, {"start": "00:08:22", "end": "00:08:26", "text": "disruptive innovations in human history."}, {"start": "00:08:24", "end": "00:08:28", "text": "Say Bitcoin now on the same list as the"}, {"start": "00:08:26", "end": "00:08:31", "text": "printing press, steam engine, light"}, {"start": "00:08:28", "end": "00:08:34", "text": "bulb, and the internet. And just 17"}, {"start": "00:08:31", "end": "00:08:36", "text": "years old. You are not too late."}, {"start": "00:08:34", "end": "00:08:37", "text": "Actually, haven't looked at this. I"}, {"start": "00:08:36", "end": "00:08:40", "text": "haven't looked at some of the other"}, {"start": "00:08:37", "end": "00:08:41", "text": "ones. Uh, Crisper. Okay, we're we're"}, {"start": "00:08:40", "end": "00:08:43", "text": "still waiting on Crisper to really make"}, {"start": "00:08:41", "end": "00:08:46", "text": "some changes for the common person."}, {"start": "00:08:43", "end": "00:08:47", "text": "Maybe there's, you know, billionaire"}, {"start": "00:08:46", "end": "00:08:50", "text": "South Koreans using it or something."}, {"start": "00:08:47", "end": "00:08:52", "text": "But, uh, electric vehicles, Bitcoin."}, {"start": "00:08:50", "end": "00:08:53", "text": "What do you think of iPhone? Which one"}, {"start": "00:08:52", "end": "00:08:55", "text": "doesn't belong in here, Drew? For me,"}, {"start": "00:08:53", "end": "00:08:57", "text": "I'm I'm seeing iPhone. Like, why do we"}, {"start": "00:08:55", "end": "00:08:59", "text": "have the iPhone on here?"}, {"start": "00:08:57", "end": "00:09:01", "text": ">> Yeah, the iPhone is that's like an"}, {"start": "00:08:59", "end": "00:09:04", "text": "advertisement for Apple, I feel like."}, {"start": "00:09:01", "end": "00:09:07", "text": "Um, Smartphone I would mind a lot less."}, {"start": "00:09:04", "end": "00:09:08", "text": ">> Mhm. The worldwide web is a big deal."}, {"start": "00:09:07", "end": "00:09:09", "text": "Microprocessor is obviously a big deal."}, {"start": "00:09:08", "end": "00:09:11", "text": "Vaccines,"}, {"start": "00:09:09", "end": "00:09:12", "text": ">> they don't have the airplane."}, {"start": "00:09:11", "end": "00:09:14", "text": ">> Yeah, that is true. Where's the Wright"}, {"start": "00:09:12", "end": "00:09:16", "text": "brothers? Um, you would think that"}, {"start": "00:09:14", "end": "00:09:18", "text": "that'd be in there as well. It's a"}, {"start": "00:09:16", "end": "00:09:21", "text": "pretty reasonable list outside of like"}, {"start": "00:09:18", "end": "00:09:22", "text": "iPhone. That should go coincide with"}, {"start": "00:09:21", "end": "00:09:24", "text": "kind of the internet, cell phones, and"}, {"start": "00:09:22", "end": "00:09:24", "text": "things of that nature. That's kind of"}, {"start": "00:09:24", "end": "00:09:26", "text": "weird."}, {"start": "00:09:24", "end": "00:09:28", "text": ">> Yeah, there you go, folks. So, Bank of"}, {"start": "00:09:26", "end": "00:09:30", "text": "America is bullish. Micro Strategy"}, {"start": "00:09:28", "end": "00:09:32", "text": "turning very bullish. I did look into"}, {"start": "00:09:30", "end": "00:09:35", "text": "their obligations for dividend payments."}, {"start": "00:09:32", "end": "00:09:37", "text": "It's weird funky math in the immediate"}, {"start": "00:09:35", "end": "00:09:40", "text": "term, Drew. You know, they they sell the"}, {"start": "00:09:37", "end": "00:09:43", "text": "stretch perpetual, they sell it for"}, {"start": "00:09:40", "end": "00:09:46", "text": "$100, and then Micro Strategy owes that"}, {"start": "00:09:43", "end": "00:09:48", "text": "person basically 11 bucks a year. But"}, {"start": "00:09:46", "end": "00:09:51", "text": "here's the the weird part of the math. I"}, {"start": "00:09:48", "end": "00:09:53", "text": "I you give me a hundred, I set aside"}, {"start": "00:09:51", "end": "00:09:56", "text": "$11. I worry about the next year and the"}, {"start": "00:09:53", "end": "00:09:58", "text": "future. I'm sitting on $89."}, {"start": "00:09:56", "end": "00:10:00", "text": ">> Mhm. And so I could I could pull from"}, {"start": "00:09:58", "end": "00:10:02", "text": "that to pay you your dividend. So, you"}, {"start": "00:10:00", "end": "00:10:04", "text": "know, as they sell more of these, their"}, {"start": "00:10:02", "end": "00:10:07", "text": "cash balance grows. Uh, you know,"}, {"start": "00:10:04", "end": "00:10:09", "text": "they're also selling stocks."}, {"start": "00:10:07", "end": "00:10:11", "text": "After a while, though, how much Bitcoin"}, {"start": "00:10:09", "end": "00:10:11", "text": "is too much Bitcoin for Micro Strategy,"}, {"start": "00:10:11", "end": "00:10:14", "text": "Drew?"}, {"start": "00:10:11", "end": "00:10:16", "text": ">> Yeah, I I get really uncomfortable now"}, {"start": "00:10:14", "end": "00:10:20", "text": "that we're approaching I think they're"}, {"start": "00:10:16", "end": "00:10:23", "text": "at 700 something thousand Bitcoin. Um,"}, {"start": "00:10:20", "end": "00:10:26", "text": "approaching that million mark. And I"}, {"start": "00:10:23", "end": "00:10:28", "text": "just, you know, the the concern with"}, {"start": "00:10:26", "end": "00:10:31", "text": "Tradfi wanting Bitcoin, it comes with"}, {"start": "00:10:28", "end": "00:10:33", "text": "the baggage that Tradfi can buy way"}, {"start": "00:10:31", "end": "00:10:37", "text": "bigger bags than, you know, even the"}, {"start": "00:10:33", "end": "00:10:39", "text": "average millionaire. Um, and it's really"}, {"start": "00:10:37", "end": "00:10:42", "text": "it's an attack vector spot for sure that"}, {"start": "00:10:39", "end": "00:10:44", "text": "we have to be wary of. But I mean, for"}, {"start": "00:10:42", "end": "00:10:47", "text": "right now, I mean, things are bullish."}, {"start": "00:10:44", "end": "00:10:50", "text": "Strategy is largely mocked because of"}, {"start": "00:10:47", "end": "00:10:52", "text": "their original, you know, kind of blow"}, {"start": "00:10:50", "end": "00:10:54", "text": "up of the company. I think it was a"}, {"start": "00:10:52", "end": "00:10:55", "text": "software that lost its ass way back in"}, {"start": "00:10:54", "end": "00:10:57", "text": "the day when they originally launched."}, {"start": "00:10:55", "end": "00:10:59", "text": "But it's a company that needs to remake"}, {"start": "00:10:57", "end": "00:11:02", "text": "itself in a very"}, {"start": "00:10:59", "end": "00:11:05", "text": ">> very aggressive manner and taking risks"}, {"start": "00:11:02", "end": "00:11:06", "text": "like this are exactly how you you remake"}, {"start": "00:11:05", "end": "00:11:07", "text": "yourself and kind of"}, {"start": "00:11:06", "end": "00:11:11", "text": ">> well we've been looking at this trend"}, {"start": "00:11:07", "end": "00:11:14", "text": "line for over two months and we've now"}, {"start": "00:11:11", "end": "00:11:15", "text": "pass maybe a bullish breakout happening"}, {"start": "00:11:14", "end": "00:11:17", "text": "here on Micro Strategy."}, {"start": "00:11:15", "end": "00:11:19", "text": ">> Yeah. this chart. It's like it's like a"}, {"start": "00:11:17", "end": "00:11:21", "text": "leveraged Bitcoin, but it also seems to"}, {"start": "00:11:19", "end": "00:11:25", "text": "kind of frontr run Bitcoin to a degree."}, {"start": "00:11:21", "end": "00:11:28", "text": "I feel like the strategy chart um when"}, {"start": "00:11:25", "end": "00:11:30", "text": "it's down, it starts losing itself"}, {"start": "00:11:28", "end": "00:11:31", "text": "before Bitcoin on spot really starts"}, {"start": "00:11:30", "end": "00:11:33", "text": "losing its ground."}, {"start": "00:11:31", "end": "00:11:35", "text": ">> Yeah. Well, there you go. There you go."}, {"start": "00:11:33", "end": "00:11:37", "text": "October 6 peak right there. So, uh"}, {"start": "00:11:35", "end": "00:11:39", "text": "decline started. You you could say the"}, {"start": "00:11:37", "end": "00:11:42", "text": "decline did start ahead of it, though."}, {"start": "00:11:39", "end": "00:11:44", "text": "Uh so, you know, added to that argument."}, {"start": "00:11:42", "end": "00:11:46", "text": ">> Yeah. I mean that that main peak of it"}, {"start": "00:11:44", "end": "00:11:48", "text": "was about four or five months before"}, {"start": "00:11:46", "end": "00:11:51", "text": "Bitcoin peaked out and started rolling"}, {"start": "00:11:48", "end": "00:11:54", "text": "downhill in a aggressive manner. So I"}, {"start": "00:11:51", "end": "00:11:56", "text": "kind of look at this strategy chart as a"}, {"start": "00:11:54", "end": "00:11:59", "text": "or foretelling on leverage of what"}, {"start": "00:11:56", "end": "00:12:01", "text": "Bitcoin's likely to follow up and do. Um"}, {"start": "00:11:59", "end": "00:12:04", "text": "and you know at these levels it's still"}, {"start": "00:12:01", "end": "00:12:07", "text": "not escaped into ah it's too expensive"}, {"start": "00:12:04", "end": "00:12:09", "text": "to buy zone. I will say I'm aggravated"}, {"start": "00:12:07", "end": "00:12:12", "text": "that the bare market looks like it's"}, {"start": "00:12:09", "end": "00:12:15", "text": "trying to end sooner than I was hoping"}, {"start": "00:12:12", "end": "00:12:16", "text": "it would last. Uh but the money flow is"}, {"start": "00:12:15", "end": "00:12:20", "text": "just about to come over to the"}, {"start": "00:12:16", "end": "00:12:21", "text": "equilibrium on the Bitcoin weekly. So,"}, {"start": "00:12:20", "end": "00:12:23", "text": "you know, I'm watching that pretty"}, {"start": "00:12:21", "end": "00:12:27", "text": "closely. If history repeats, we should"}, {"start": "00:12:23", "end": "00:12:29", "text": "have that final flush down and test 60K."}, {"start": "00:12:27", "end": "00:12:29", "text": "But and it's looking bullish right now."}, {"start": "00:12:29", "end": "00:12:30", "text": "Looking"}, {"start": "00:12:29", "end": "00:12:32", "text": ">> Yeah, looking very, very bullish. Wait"}, {"start": "00:12:30", "end": "00:12:33", "text": "till I show you the XRP charts. Maybe"}, {"start": "00:12:32", "end": "00:12:36", "text": "even I'll try to find something bullish"}, {"start": "00:12:33", "end": "00:12:37", "text": "in the Cardono charts. I don't know if"}, {"start": "00:12:36", "end": "00:12:39", "text": "I'll be able to. But the wallets is"}, {"start": "00:12:37", "end": "00:12:41", "text": "another bullish reason that we're seeing"}, {"start": "00:12:39", "end": "00:12:43", "text": "here. And this one is very, very bullish"}, {"start": "00:12:41", "end": "00:12:46", "text": "to me. The wallets that have held"}, {"start": "00:12:43", "end": "00:12:49", "text": "Bitcoin through every crash since 2022"}, {"start": "00:12:46", "end": "00:12:51", "text": "are not selling as $71,000, they are"}, {"start": "00:12:49", "end": "00:12:53", "text": "adding. So, after experienced a near"}, {"start": "00:12:51", "end": "00:12:54", "text": "constant decline since 23, the"}, {"start": "00:12:53", "end": "00:12:56", "text": "percentage of circulating Bitcoin held"}, {"start": "00:12:54", "end": "00:12:59", "text": "in wallets for two plus years, once"}, {"start": "00:12:56", "end": "00:13:01", "text": "again climbing, closing in on 50%. One"}, {"start": "00:12:59", "end": "00:13:04", "text": "of the things I really find bullish. So,"}, {"start": "00:13:01", "end": "00:13:07", "text": "this is bullish. Sure. I I love this."}, {"start": "00:13:04", "end": "00:13:09", "text": "This is more bullish. Let me maybe grow"}, {"start": "00:13:07", "end": "00:13:13", "text": "this here. I'mma grow it. We're a"}, {"start": "00:13:09", "end": "00:13:14", "text": "grower. And the purple color is what I'm"}, {"start": "00:13:13", "end": "00:13:16", "text": "interested in. Why am I interested in"}, {"start": "00:13:14", "end": "00:13:19", "text": "the purple color? These people have the"}, {"start": "00:13:16", "end": "00:13:21", "text": "most experience. 10year plus. These"}, {"start": "00:13:19", "end": "00:13:23", "text": "people holding for 10 years. So, we're"}, {"start": "00:13:21", "end": "00:13:26", "text": "not going to see these people until"}, {"start": "00:13:23", "end": "00:13:28", "text": "Bitcoin's been out for about 10 years."}, {"start": "00:13:26", "end": "00:13:30", "text": "So, you see it right here. Boom."}, {"start": "00:13:28", "end": "00:13:32", "text": "Bitcoin's 10 years old. They start"}, {"start": "00:13:30", "end": "00:13:35", "text": "accumulating right as Bitcoin started to"}, {"start": "00:13:32", "end": "00:13:37", "text": "rise. You look right here, FTX crash"}, {"start": "00:13:35", "end": "00:13:39", "text": "screws up the math a little bit, but I"}, {"start": "00:13:37", "end": "00:13:42", "text": "would only say a little bit. You go"}, {"start": "00:13:39", "end": "00:13:44", "text": "straight down, they start accumulating"}, {"start": "00:13:42", "end": "00:13:46", "text": "right at the bottom. Now, Drew, look"}, {"start": "00:13:44", "end": "00:13:48", "text": "where we're at today."}, {"start": "00:13:46", "end": "00:13:50", "text": "They started a little bit of an uptick."}, {"start": "00:13:48", "end": "00:13:53", "text": "So, the ancient Bitcoin veterans, the"}, {"start": "00:13:50", "end": "00:13:54", "text": "10-year plus hodlers,"}, {"start": "00:13:53", "end": "00:13:57", "text": "every time they start accumulating"}, {"start": "00:13:54", "end": "00:13:58", "text": "heavily, Bitcoin finds a bottom and"}, {"start": "00:13:57", "end": "00:14:00", "text": "starts pumping from there. The only"}, {"start": "00:13:58", "end": "00:14:02", "text": "question is if we zoom out another"}, {"start": "00:14:00", "end": "00:14:05", "text": "month, will this purple will this be an"}, {"start": "00:14:02", "end": "00:14:06", "text": "uptick that looks like this or is it"}, {"start": "00:14:05", "end": "00:14:08", "text": "going to be an uptick that maybe looks"}, {"start": "00:14:06", "end": "00:14:10", "text": "like one of these two?"}, {"start": "00:14:08", "end": "00:14:11", "text": "This is the beginning signs of something"}, {"start": "00:14:10", "end": "00:14:14", "text": "very bullish, though."}, {"start": "00:14:11", "end": "00:14:18", "text": ">> I don't know. the velocity on Bitcoin's"}, {"start": "00:14:14", "end": "00:14:21", "text": "weekly MACD and the money flow lead me"}, {"start": "00:14:18", "end": "00:14:24", "text": "to believe that 80K is still well within"}, {"start": "00:14:21", "end": "00:14:25", "text": "our targets literally within this week."}, {"start": "00:14:24", "end": "00:14:27", "text": "Um,"}, {"start": "00:14:25", "end": "00:14:32", "text": ">> you know, there is and and I wouldn't"}, {"start": "00:14:27", "end": "00:14:35", "text": "say that breaking up to the 90K realm is"}, {"start": "00:14:32", "end": "00:14:37", "text": "even out of possibility. And often"}, {"start": "00:14:35", "end": "00:14:40", "text": "times, you know, the most hilarious"}, {"start": "00:14:37", "end": "00:14:43", "text": "outcome is the most likely. And what I"}, {"start": "00:14:40", "end": "00:14:46", "text": "see is a pile of people who are sure of"}, {"start": "00:14:43", "end": "00:14:48", "text": "themselves that Bitcoin is going to"}, {"start": "00:14:46", "end": "00:14:51", "text": "collapse. I see a pile of people that"}, {"start": "00:14:48", "end": "00:14:54", "text": "have extreme hubris about Bitcoin going"}, {"start": "00:14:51", "end": "00:14:57", "text": "down to $30,000. And when you get caught"}, {"start": "00:14:54", "end": "00:15:00", "text": "with extreme hubris, Bitcoin will come"}, {"start": "00:14:57", "end": "00:15:01", "text": "humble you like a small child. And"}, {"start": "00:15:00", "end": "00:15:04", "text": "really the thing that I am concerned"}, {"start": "00:15:01", "end": "00:15:07", "text": "about for the average person is less"}, {"start": "00:15:04", "end": "00:15:10", "text": "time than we're used to having"}, {"start": "00:15:07", "end": "00:15:12", "text": "accumulating cheap Bitcoin. Um what what"}, {"start": "00:15:10", "end": "00:15:13", "text": "do you think of the head and shoulders"}, {"start": "00:15:12", "end": "00:15:15", "text": "that people are talking about? Left"}, {"start": "00:15:13", "end": "00:15:17", "text": "shoulder, right shoulder, uh or sorry,"}, {"start": "00:15:15", "end": "00:15:20", "text": "head right shoulder right there. This is"}, {"start": "00:15:17", "end": "00:15:22", "text": "calling for you know those 40k 30 and"}, {"start": "00:15:20", "end": "00:15:23", "text": "some change numbers. Do you think the"}, {"start": "00:15:22", "end": "00:15:25", "text": "head and shoulders plays out? Chad, let"}, {"start": "00:15:23", "end": "00:15:26", "text": "us know too. What what are your"}, {"start": "00:15:25", "end": "00:15:28", "text": "thoughts? Is this head and shoulders"}, {"start": "00:15:26", "end": "00:15:31", "text": "going to play out on Bitcoin's chart? I"}, {"start": "00:15:28", "end": "00:15:34", "text": "definitely give more credence to where"}, {"start": "00:15:31", "end": "00:15:38", "text": "Bitcoin ETFs accumulated the most. And"}, {"start": "00:15:34", "end": "00:15:40", "text": "that level is at 54K. And now I'm even"}, {"start": "00:15:38", "end": "00:15:43", "text": "starting to question if like pull the"}, {"start": "00:15:40", "end": "00:15:44", "text": "measurement from the the shoulders to"}, {"start": "00:15:43", "end": "00:15:48", "text": "the head on that and see where that"}, {"start": "00:15:44", "end": "00:15:50", "text": "lands. I think it lands below 50K. Um"}, {"start": "00:15:48", "end": "00:15:50", "text": ">> talk about from the neckline to the top"}, {"start": "00:15:50", "end": "00:15:53", "text": "of the head."}, {"start": "00:15:50", "end": "00:15:55", "text": ">> Yeah, I I believe it goes below 50K, but"}, {"start": "00:15:53", "end": "00:15:57", "text": ">> Oh, yeah. No, it might even touch 30s."}, {"start": "00:15:55", "end": "00:15:58", "text": ">> Let's see where it lands up at. Yeah,"}, {"start": "00:15:57", "end": "00:16:02", "text": "this is in the 30s."}, {"start": "00:15:58", "end": "00:16:05", "text": ">> Yeah. So, looking for Bitcoin to"}, {"start": "00:16:02", "end": "00:16:09", "text": "collapse by 50% from here after we've"}, {"start": "00:16:05", "end": "00:16:11", "text": "already had a 50% collapse from the top."}, {"start": "00:16:09", "end": "00:16:13", "text": "You know, in a total repeat of the last"}, {"start": "00:16:11", "end": "00:16:16", "text": "bare market, I think is unreasonable"}, {"start": "00:16:13", "end": "00:16:19", "text": "because you have diminishing losses for"}, {"start": "00:16:16", "end": "00:16:20", "text": "each cycle that Bitcoin goes through."}, {"start": "00:16:19", "end": "00:16:21", "text": "The loss"}, {"start": "00:16:20", "end": "00:16:24", "text": ">> each draw down. Yeah. To Drew's point,"}, {"start": "00:16:21", "end": "00:16:28", "text": "each draw down shrinks. And so, that one"}, {"start": "00:16:24", "end": "00:16:32", "text": "was 77. But Drew, that would still"}, {"start": "00:16:28", "end": "00:16:34", "text": "pretty much be, let's see, 77 to 34."}, {"start": "00:16:32", "end": "00:16:37", "text": "It's still in the thesis. It's less than"}, {"start": "00:16:34", "end": "00:16:39", "text": "77%. It's only 72 73."}, {"start": "00:16:37", "end": "00:16:42", "text": ">> Yeah. But I, like I said, I give more"}, {"start": "00:16:39", "end": "00:16:45", "text": "credence to where the ETFs and these"}, {"start": "00:16:42", "end": "00:16:47", "text": "massive black rockck players bought"}, {"start": "00:16:45", "end": "00:16:50", "text": "their bags of Bitcoin and that price is"}, {"start": "00:16:47", "end": "00:16:53", "text": "at like the bottom end main range"}, {"start": "00:16:50", "end": "00:16:56", "text": "profiles at $54,000. So now I have to"}, {"start": "00:16:53", "end": "00:16:59", "text": "look at the weekly MACD clipping green"}, {"start": "00:16:56", "end": "00:17:02", "text": "and it just put its first green impulse"}, {"start": "00:16:59", "end": "00:17:04", "text": "on the the MACD this morning. We also"}, {"start": "00:17:02", "end": "00:17:08", "text": "have the money float coming up to"}, {"start": "00:17:04", "end": "00:17:10", "text": "equilibrium. Now if things are similar"}, {"start": "00:17:08", "end": "00:17:13", "text": "to the last bare market, then we have"}, {"start": "00:17:10", "end": "00:17:16", "text": "that final flush. But honestly, like"}, {"start": "00:17:13", "end": "00:17:20", "text": "$60,000, $59,000 is looking like helms"}, {"start": "00:17:16", "end": "00:17:23", "text": "deep for me. Like it really is. And I"}, {"start": "00:17:20", "end": "00:17:26", "text": "am, you know, I I would be sad for the"}, {"start": "00:17:23", "end": "00:17:28", "text": "people that are stuck to that idea that"}, {"start": "00:17:26", "end": "00:17:30", "text": "aren't DCAing anyways in case they're"}, {"start": "00:17:28", "end": "00:17:31", "text": "wrong. And that's where the difference"}, {"start": "00:17:30", "end": "00:17:34", "text": "of the two mentalities is. There's"}, {"start": "00:17:31", "end": "00:17:36", "text": "people that are out there buying in case"}, {"start": "00:17:34", "end": "00:17:38", "text": "they're wrong and it doesn't go to 30K"}, {"start": "00:17:36", "end": "00:17:41", "text": "anyways. And then there's people that"}, {"start": "00:17:38", "end": "00:17:42", "text": "will sit on their hands and wait for 30"}, {"start": "00:17:41", "end": "00:17:45", "text": "that'll never come. And then they'll"}, {"start": "00:17:42", "end": "00:17:47", "text": "come complain and probably start top"}, {"start": "00:17:45", "end": "00:17:50", "text": "blasting at 100K and then come back to"}, {"start": "00:17:47", "end": "00:17:52", "text": "yell at me. So that's how this see"}, {"start": "00:17:50", "end": "00:17:54", "text": "process seems to work over the course of"}, {"start": "00:17:52", "end": "00:17:58", "text": "the last few markets I've been in. And"}, {"start": "00:17:54", "end": "00:18:01", "text": "honestly, man, like $60,000 is looking"}, {"start": "00:17:58", "end": "00:18:02", "text": "like the bottom. It really is. So"}, {"start": "00:18:01", "end": "00:18:04", "text": ">> can can I just say great reference with"}, {"start": "00:18:02", "end": "00:18:05", "text": "Helms Deep."}, {"start": "00:18:04", "end": "00:18:08", "text": ">> Helms Deep."}, {"start": "00:18:05", "end": "00:18:10", "text": ">> I got to watch it again. Um but yeah, I"}, {"start": "00:18:08", "end": "00:18:12", "text": "give more credence to where the ETFs"}, {"start": "00:18:10", "end": "00:18:15", "text": "accumulated. The ETFs have more"}, {"start": "00:18:12", "end": "00:18:18", "text": "movement. Yeah, Helms Deep. fortified"}, {"start": "00:18:15", "end": "00:18:20", "text": "stronghold and a place where I would"}, {"start": "00:18:18", "end": "00:18:21", "text": "hope to live one day."}, {"start": "00:18:20", "end": "00:18:22", "text": ">> I'm a minds of Moria guy."}, {"start": "00:18:21", "end": "00:18:24", "text": ">> Are you? Okay."}, {"start": "00:18:22", "end": "00:18:26", "text": ">> Yeah. No, actually I want to live in the"}, {"start": "00:18:24", "end": "00:18:29", "text": "Shire after the orcs land and start"}, {"start": "00:18:26", "end": "00:18:30", "text": "pillaging and"}, {"start": "00:18:29", "end": "00:18:32", "text": ">> No, I wouldn't because I I would be a"}, {"start": "00:18:30", "end": "00:18:34", "text": "champion for the hobbits, you know. I'd"}, {"start": "00:18:32", "end": "00:18:36", "text": "be a champion. I I would challenge them"}, {"start": "00:18:34", "end": "00:18:38", "text": "all. I'd challenge the Urukai. All"}, {"start": "00:18:36", "end": "00:18:39", "text": "right. Well, let's uh talk about Iran"}, {"start": "00:18:38", "end": "00:18:42", "text": "here. I was going to make a Uricai"}, {"start": "00:18:39", "end": "00:18:45", "text": "reference, but Bitcoin near 75K as Iran"}, {"start": "00:18:42", "end": "00:18:48", "text": "deal hope sparks a $400 million short"}, {"start": "00:18:45", "end": "00:18:51", "text": "squeeze. And so is the news of the war"}, {"start": "00:18:48", "end": "00:18:52", "text": "pumping Bitcoin, but not because of"}, {"start": "00:18:51", "end": "00:18:54", "text": "bullish news, but because people are"}, {"start": "00:18:52", "end": "00:18:55", "text": "getting liquidated. Well, the data is"}, {"start": "00:18:54", "end": "00:18:56", "text": "pretty interesting here. So, Bitcoin"}, {"start": "00:18:55", "end": "00:18:58", "text": "surged to it highest price in nearly a"}, {"start": "00:18:56", "end": "00:19:00", "text": "month, triggered hundreds of millions of"}, {"start": "00:18:58", "end": "00:19:01", "text": "dollars worth of liquidations as a deal"}, {"start": "00:19:00", "end": "00:19:03", "text": "between the Trump administration and"}, {"start": "00:19:01", "end": "00:19:06", "text": "Iran washed the crypto market with"}, {"start": "00:19:03", "end": "00:19:10", "text": "positive sentiment. It liquidated"}, {"start": "00:19:06", "end": "00:19:14", "text": "177,000 traders or wallets of 530"}, {"start": "00:19:10", "end": "00:19:16", "text": "million over a 24-h hour period. 80% of"}, {"start": "00:19:14", "end": "00:19:19", "text": "the liquidations for 125 million were"}, {"start": "00:19:16", "end": "00:19:21", "text": "short positions on Bitcoin. That's not"}, {"start": "00:19:19", "end": "00:19:23", "text": "even counting rave. Now, this isn't a"}, {"start": "00:19:21", "end": "00:19:26", "text": "breakout. It's a short squeeze running"}, {"start": "00:19:23", "end": "00:19:29", "text": "into overhead supply. According to"}, {"start": "00:19:26", "end": "00:19:31", "text": "Valarius Labs, real buyers show up above"}, {"start": "00:19:29", "end": "00:19:34", "text": "the 200 day simple moving average, not"}, {"start": "00:19:31", "end": "00:19:36", "text": "15% below it. The latest moves appear to"}, {"start": "00:19:34", "end": "00:19:37", "text": "be driven by the derivatives. The"}, {"start": "00:19:36", "end": "00:19:40", "text": "leverage traders, but are broader hope"}, {"start": "00:19:37", "end": "00:19:42", "text": "for a deal between the US and Iran to"}, {"start": "00:19:40", "end": "00:19:44", "text": "end weeks of conflict have suppressed"}, {"start": "00:19:42", "end": "00:19:46", "text": "global markets could also be spurring"}, {"start": "00:19:44", "end": "00:19:49", "text": "confidence in riskier assets. Other"}, {"start": "00:19:46", "end": "00:19:51", "text": "drivers, institutional inflows via spot"}, {"start": "00:19:49", "end": "00:19:54", "text": "ETFs and centralized exchanges buying"}, {"start": "00:19:51", "end": "00:19:56", "text": "Bitcoin and of course Michael Sailor and"}, {"start": "00:19:54", "end": "00:19:58", "text": "all his buy pressure. Now, we did start"}, {"start": "00:19:56", "end": "00:20:00", "text": "a military blockade yesterday. Trump"}, {"start": "00:19:58", "end": "00:20:02", "text": "threatened any Iranian ship that"}, {"start": "00:20:00", "end": "00:20:04", "text": "approaches. if they come close, they'll"}, {"start": "00:20:02", "end": "00:20:06", "text": "be immediately eliminated using the same"}, {"start": "00:20:04", "end": "00:20:08", "text": "system we use against drug dealers on"}, {"start": "00:20:06", "end": "00:20:10", "text": "boats at sea. He posted on True Social."}, {"start": "00:20:08", "end": "00:20:12", "text": "He also told reporters that Iran wants"}, {"start": "00:20:10", "end": "00:20:13", "text": "to make a deal, but his administration"}, {"start": "00:20:12", "end": "00:20:16", "text": "will not come to any agreement that"}, {"start": "00:20:13", "end": "00:20:18", "text": "allows them to have a nuclear weapon."}, {"start": "00:20:16", "end": "00:20:20", "text": "Now, speaking of the blockade, how is"}, {"start": "00:20:18", "end": "00:20:22", "text": "the blockade working? Because this is"}, {"start": "00:20:20", "end": "00:20:25", "text": "going to have major major effects on the"}, {"start": "00:20:22", "end": "00:20:27", "text": "economy. And so, with enough warships, a"}, {"start": "00:20:25", "end": "00:20:29", "text": "blockade could intimidate many tankers"}, {"start": "00:20:27", "end": "00:20:31", "text": "attempting to move oil to and from Iran."}, {"start": "00:20:29", "end": "00:20:34", "text": "But they would also need to be ready to"}, {"start": "00:20:31", "end": "00:20:36", "text": "board and seize hostile ships that try"}, {"start": "00:20:34", "end": "00:20:38", "text": "to break the blockade. Any interception"}, {"start": "00:20:36", "end": "00:20:40", "text": "is going to be outside of the Persian"}, {"start": "00:20:38", "end": "00:20:42", "text": "Gulf. This will keep warships away from"}, {"start": "00:20:40", "end": "00:20:45", "text": "Iranian fire. Of course, we, you know,"}, {"start": "00:20:42", "end": "00:20:46", "text": "reduced our presence near the coast and"}, {"start": "00:20:45", "end": "00:20:50", "text": "have pulled back. There's going to be"}, {"start": "00:20:46", "end": "00:20:51", "text": "about 15 US warships. And we're, you"}, {"start": "00:20:50", "end": "00:20:53", "text": "know, if we did place resources of"}, {"start": "00:20:51", "end": "00:20:55", "text": "warships near the coast, it would make"}, {"start": "00:20:53", "end": "00:20:57", "text": "them susceptible to attacks. So, we're"}, {"start": "00:20:55", "end": "00:21:00", "text": "likely going to do this in the Arabian"}, {"start": "00:20:57", "end": "00:21:01", "text": "Sea. And you can see right here past the"}, {"start": "00:21:00", "end": "00:21:03", "text": "Persian Gulf, past the Gulf of Oman,"}, {"start": "00:21:01", "end": "00:21:05", "text": "you're going to see the Arabian Sea over"}, {"start": "00:21:03", "end": "00:21:08", "text": "there. But what's the latest uh what do"}, {"start": "00:21:05", "end": "00:21:10", "text": "we have here? So why are we blockading?"}, {"start": "00:21:08", "end": "00:21:12", "text": "Well, it's to put economic pressure on"}, {"start": "00:21:10", "end": "00:21:16", "text": "Iran by cutting off their main revenue"}, {"start": "00:21:12", "end": "00:21:17", "text": "stream here. And we got one more update."}, {"start": "00:21:16", "end": "00:21:19", "text": "I just want to make sure I have nothing"}, {"start": "00:21:17", "end": "00:21:22", "text": "highlighted there. One more update here."}, {"start": "00:21:19", "end": "00:21:24", "text": "The ships, we have data on the ships."}, {"start": "00:21:22", "end": "00:21:25", "text": "This is breaking from 3 hours this"}, {"start": "00:21:24", "end": "00:21:28", "text": "morning. So, you know, overnight in"}, {"start": "00:21:25", "end": "00:21:30", "text": "America, several commercial ships have"}, {"start": "00:21:28", "end": "00:21:34", "text": "traveled through the straight since the"}, {"start": "00:21:30", "end": "00:21:36", "text": "blockade has began. The tanker Rich Star"}, {"start": "00:21:34", "end": "00:21:37", "text": "sounds like a like a a star with a"}, {"start": "00:21:36", "end": "00:21:39", "text": "mustache. You know what I'm talking"}, {"start": "00:21:37", "end": "00:21:41", "text": "about. Tanker Rich Starry was heading"}, {"start": "00:21:39", "end": "00:21:44", "text": "out through the waterway this morning."}, {"start": "00:21:41", "end": "00:21:46", "text": "According to uh let's see, the the ship"}, {"start": "00:21:44", "end": "00:21:48", "text": "financial data provider here is carrying"}, {"start": "00:21:46", "end": "00:21:51", "text": "chemicals and oil products. It is a"}, {"start": "00:21:48", "end": "00:21:53", "text": "Chinese vessel owned by a Chinese co"}, {"start": "00:21:51", "end": "00:21:57", "text": "company here. And according to uh this"}, {"start": "00:21:53", "end": "00:21:58", "text": "is E equasis Aquasis here. The B"}, {"start": "00:21:57", "end": "00:22:00", "text": "Americans are dealing with the tanker"}, {"start": "00:21:58", "end": "00:22:03", "text": "after the Iranian sanctions program"}, {"start": "00:22:00", "end": "00:22:05", "text": "began. So we banned this ship from"}, {"start": "00:22:03", "end": "00:22:07", "text": "operating years ago and it is a"}, {"start": "00:22:05", "end": "00:22:09", "text": "Chinese-owned vessel that you know"}, {"start": "00:22:07", "end": "00:22:12", "text": "worked with Iran probably using their"}, {"start": "00:22:09", "end": "00:22:13", "text": "oil there. Now the US has hasn't said"}, {"start": "00:22:12", "end": "00:22:16", "text": "they're going to target these sanctioned"}, {"start": "00:22:13", "end": "00:22:18", "text": "vehicles or vessels only going to act"}, {"start": "00:22:16", "end": "00:22:20", "text": "against ships entering and leaving the"}, {"start": "00:22:18", "end": "00:22:22", "text": "Iranian ports. It's unclear what they're"}, {"start": "00:22:20", "end": "00:22:25", "text": "carrying. It looks like they may be"}, {"start": "00:22:22", "end": "00:22:27", "text": "started off the Emirati coast here. Five"}, {"start": "00:22:25", "end": "00:22:29", "text": "more cargo ships have sailed through the"}, {"start": "00:22:27", "end": "00:22:32", "text": "straight here since the blockade. One of"}, {"start": "00:22:29", "end": "00:22:36", "text": "them, the Parisan, was sanctioned in"}, {"start": "00:22:32", "end": "00:22:38", "text": "2020 when it was tied to a state-owned"}, {"start": "00:22:36", "end": "00:22:42", "text": "shipping line in Iran. Still flies the"}, {"start": "00:22:38", "end": "00:22:45", "text": "Iranian flag. So it does look like Drew,"}, {"start": "00:22:42", "end": "00:22:48", "text": "Chinese and maybe Chinese linked Iranian"}, {"start": "00:22:45", "end": "00:22:50", "text": "vessels are going through the ship. Now,"}, {"start": "00:22:48", "end": "00:22:51", "text": "China officials did say, \"We're not"}, {"start": "00:22:50", "end": "00:22:53", "text": "going to listen to the blockade. We're"}, {"start": "00:22:51", "end": "00:22:56", "text": "just going to pass right by it.\""}, {"start": "00:22:53", "end": "00:22:58", "text": ">> Yeah. I mean, you know, blocking or"}, {"start": "00:22:56", "end": "00:23:01", "text": "seizing a Chinese ship is kind of a"}, {"start": "00:22:58", "end": "00:23:04", "text": "major escalation for the United States."}, {"start": "00:23:01", "end": "00:23:06", "text": "And so, I mean, you know, are we ready"}, {"start": "00:23:04", "end": "00:23:09", "text": "to cross that line? People can argue"}, {"start": "00:23:06", "end": "00:23:11", "text": "yes, people can argue no. I was just"}, {"start": "00:23:09", "end": "00:23:14", "text": "looking at the maritime traffic. It's"}, {"start": "00:23:11", "end": "00:23:16", "text": "kind of interesting here. Uh there's a"}, {"start": "00:23:14", "end": "00:23:20", "text": "pleasure vessel that is making its way"}, {"start": "00:23:16", "end": "00:23:21", "text": "through the Al Faroo, a pleasure vessel"}, {"start": "00:23:20", "end": "00:23:24", "text": "floating through there. And you do have"}, {"start": "00:23:21", "end": "00:23:25", "text": "tankers uh that are on their way in. You"}, {"start": "00:23:24", "end": "00:23:27", "text": "know, a couple"}, {"start": "00:23:25", "end": "00:23:30", "text": ">> It's the new season of Below Deck, and"}, {"start": "00:23:27", "end": "00:23:32", "text": "it's going to be a very special episode."}, {"start": "00:23:30", "end": "00:23:35", "text": ">> Yeah, I mean, it's it's pretty sparse"}, {"start": "00:23:32", "end": "00:23:37", "text": "right now. Um but like you said, there"}, {"start": "00:23:35", "end": "00:23:38", "text": "are some ships that are making their way"}, {"start": "00:23:37", "end": "00:23:42", "text": "through, right? There are some ships,"}, {"start": "00:23:38", "end": "00:23:43", "text": "this is another galaxy gas tanker, um,"}, {"start": "00:23:42", "end": "00:23:45", "text": "that are making their way through right"}, {"start": "00:23:43", "end": "00:23:47", "text": "now. So, it hasn't completely shut down."}, {"start": "00:23:45", "end": "00:23:50", "text": "There is still a big pile that's waiting"}, {"start": "00:23:47", "end": "00:23:52", "text": "for their turn, but in essence, there is"}, {"start": "00:23:50", "end": "00:23:55", "text": "some action happening there. It's just"}, {"start": "00:23:52", "end": "00:23:57", "text": "been a little bit of uh, whiplash. I"}, {"start": "00:23:55", "end": "00:23:59", "text": "feel like I have whiplash from, you"}, {"start": "00:23:57", "end": "00:24:01", "text": "know, Iran's the one that's shutting the"}, {"start": "00:23:59", "end": "00:24:03", "text": "straight down. No, now we're going to be"}, {"start": "00:24:01", "end": "00:24:04", "text": "the ones, the United States shutting it"}, {"start": "00:24:03", "end": "00:24:06", "text": "down ourselves. Yeah, there's a blockade"}, {"start": "00:24:04", "end": "00:24:08", "text": "already, but we're going to blockade the"}, {"start": "00:24:06", "end": "00:24:09", "text": "blockade, but neither blockade was a"}, {"start": "00:24:08", "end": "00:24:11", "text": "blockade,"}, {"start": "00:24:09", "end": "00:24:13", "text": ">> right? And you know, it's just like"}, {"start": "00:24:11", "end": "00:24:15", "text": ">> I thought that the intention was to open"}, {"start": "00:24:13", "end": "00:24:17", "text": "it up and then we come out with our"}, {"start": "00:24:15", "end": "00:24:19", "text": "apparent intention to block it off"}, {"start": "00:24:17", "end": "00:24:21", "text": "ourselves. It's you know, the the plot"}, {"start": "00:24:19", "end": "00:24:23", "text": "is being lost. I really think that they"}, {"start": "00:24:21", "end": "00:24:24", "text": "should just they should"}, {"start": "00:24:23", "end": "00:24:26", "text": ">> Someone in the test said that's Greta"}, {"start": "00:24:24", "end": "00:24:28", "text": "Thunberg's boat."}, {"start": "00:24:26", "end": "00:24:29", "text": ">> That's possible. You know, she might be"}, {"start": "00:24:28", "end": "00:24:33", "text": "on there with some MSAD agents and"}, {"start": "00:24:29", "end": "00:24:34", "text": "they're making their way. Um, but I just"}, {"start": "00:24:33", "end": "00:24:37", "text": "wish that they would admit that this is"}, {"start": "00:24:34", "end": "00:24:39", "text": "a move to make sure that the US dollar"}, {"start": "00:24:37", "end": "00:24:40", "text": "is the oil transactional layer."}, {"start": "00:24:39", "end": "00:24:43", "text": ">> Yeah, they're trying to keep the pro"}, {"start": "00:24:40", "end": "00:24:44", "text": "petro dollar system in place. Yeah, it"}, {"start": "00:24:43", "end": "00:24:46", "text": "does. It does seem like that. And what's"}, {"start": "00:24:44", "end": "00:24:48", "text": "interesting, if it gets replaced, it's"}, {"start": "00:24:46", "end": "00:24:49", "text": "Bitcoin, Drew."}, {"start": "00:24:48", "end": "00:24:51", "text": ">> That's the bullish case for Bitcoin."}, {"start": "00:24:49", "end": "00:24:53", "text": "That is absolutely the bullish case for"}, {"start": "00:24:51", "end": "00:24:54", "text": "Bitcoin. I just I wish that our"}, {"start": "00:24:53", "end": "00:24:57", "text": "administration would just tell the truth"}, {"start": "00:24:54", "end": "00:25:00", "text": "about it so that it made more sense. the"}, {"start": "00:24:57", "end": "00:25:01", "text": "headlines wouldn't look like lies and"}, {"start": "00:25:00", "end": "00:25:03", "text": "you could be like, \"Okay, this is us"}, {"start": "00:25:01", "end": "00:25:06", "text": "enforcing world reserve currency"}, {"start": "00:25:03", "end": "00:25:07", "text": "status.\" Simple. Got it. You know, like"}, {"start": "00:25:06", "end": "00:25:10", "text": "it's not that uncomfortable of a"}, {"start": "00:25:07", "end": "00:25:12", "text": "conversation to have. Um, you know,"}, {"start": "00:25:10", "end": "00:25:15", "text": "maybe they think that we're too childish"}, {"start": "00:25:12", "end": "00:25:17", "text": "to accept that kind of reality, but I"}, {"start": "00:25:15", "end": "00:25:20", "text": "think that people are well capable of"}, {"start": "00:25:17", "end": "00:25:23", "text": "it. All right, now let's check in on oil"}, {"start": "00:25:20", "end": "00:25:26", "text": "prices. Oil losing the parallel range"}, {"start": "00:25:23", "end": "00:25:27", "text": "now. We still have It better happen"}, {"start": "00:25:26", "end": "00:25:29", "text": "fast. There's only 6 hours left on this"}, {"start": "00:25:27", "end": "00:25:31", "text": "daily candle here. So, it does look like"}, {"start": "00:25:29", "end": "00:25:32", "text": "we're finally going to fall out of this."}, {"start": "00:25:31", "end": "00:25:34", "text": "We told you this was a bearish"}, {"start": "00:25:32", "end": "00:25:37", "text": "structure. We said as long as we don't"}, {"start": "00:25:34", "end": "00:25:39", "text": "close above the end of the topping tail."}, {"start": "00:25:37", "end": "00:25:41", "text": "This is a topping tail. This is a"}, {"start": "00:25:39", "end": "00:25:43", "text": "bearish candle. Told you this is a"}, {"start": "00:25:41", "end": "00:25:45", "text": "bearish candle. Got very close to"}, {"start": "00:25:43", "end": "00:25:49", "text": "flirting with disaster, flirting with a"}, {"start": "00:25:45", "end": "00:25:51", "text": "$150 barrel of oil, maybe even 200. But"}, {"start": "00:25:49", "end": "00:25:53", "text": "the TA played out. The TA played out"}, {"start": "00:25:51", "end": "00:25:54", "text": "beautifully. And the next target that"}, {"start": "00:25:53", "end": "00:25:58", "text": "I'm giving you folks, it's going to be"}, {"start": "00:25:54", "end": "00:26:00", "text": "right around $83 $84. The reason this is"}, {"start": "00:25:58", "end": "00:26:02", "text": "probably just going to have more more"}, {"start": "00:26:00", "end": "00:26:03", "text": "confluence in the other spots. You can"}, {"start": "00:26:02", "end": "00:26:04", "text": "make an argument for, you know, some of"}, {"start": "00:26:03", "end": "00:26:07", "text": "these lower levels, but you can see it"}, {"start": "00:26:04", "end": "00:26:09", "text": "right here. See it right here. You can"}, {"start": "00:26:07", "end": "00:26:10", "text": "see it right here. But you can also go"}, {"start": "00:26:09", "end": "00:26:14", "text": "all the way back to 2021. That's the"}, {"start": "00:26:10", "end": "00:26:15", "text": "October 2021 high. And uh let's just go"}, {"start": "00:26:14", "end": "00:26:18", "text": "to the weekly. Of course, we still have"}, {"start": "00:26:15", "end": "00:26:20", "text": "these generational targets uh right"}, {"start": "00:26:18", "end": "00:26:22", "text": "here. But uh going back, yeah, you're"}, {"start": "00:26:20", "end": "00:26:24", "text": "not going to see oil that expensive. So,"}, {"start": "00:26:22", "end": "00:26:26", "text": "also acted as a little bit of support."}, {"start": "00:26:24", "end": "00:26:30", "text": "This is 14 years ago. Yeah, we're going"}, {"start": "00:26:26", "end": "00:26:32", "text": "way back here for this level. So, $84. I"}, {"start": "00:26:30", "end": "00:26:34", "text": "would keep an eye out on that. That's"}, {"start": "00:26:32", "end": "00:26:37", "text": "where it looks like it might be breaking"}, {"start": "00:26:34", "end": "00:26:38", "text": "down now. We trimmed some of that gas,"}, {"start": "00:26:37", "end": "00:26:40", "text": "but it might be time to start adding"}, {"start": "00:26:38", "end": "00:26:42", "text": "that gas here. Let's see. I think we"}, {"start": "00:26:40", "end": "00:26:44", "text": "want to do this one. Pepper stone. Oh,"}, {"start": "00:26:42", "end": "00:26:48", "text": "wow. Look at that. Yeah, we have lost"}, {"start": "00:26:44", "end": "00:26:50", "text": "that trend. And what's the next level?"}, {"start": "00:26:48", "end": "00:26:52", "text": "God, it's"}, {"start": "00:26:50", "end": "00:26:54", "text": "this gap low. I'm I'm pouring into the"}, {"start": "00:26:52", "end": "00:26:56", "text": "NAT gas futures if we end up hitting"}, {"start": "00:26:54", "end": "00:26:58", "text": "this gap low right there. So, this is"}, {"start": "00:26:56", "end": "00:27:00", "text": "where a market probably going to be on a"}, {"start": "00:26:58", "end": "00:27:02", "text": "Friday into a Monday. Yeah, that closed"}, {"start": "00:27:00", "end": "00:27:05", "text": "on a Friday. CME opened on a Monday."}, {"start": "00:27:02", "end": "00:27:07", "text": "This is what they call a CME gap"}, {"start": "00:27:05", "end": "00:27:09", "text": ">> and oftent times it'll come and fill"}, {"start": "00:27:07", "end": "00:27:11", "text": "this gap. So, Nat Gas might just need to"}, {"start": "00:27:09", "end": "00:27:13", "text": "be bearish until it fills this area."}, {"start": "00:27:11", "end": "00:27:18", "text": "Losing that support though, that is that"}, {"start": "00:27:13", "end": "00:27:20", "text": "is ugly stuff there, Drew. Yeah, I um"}, {"start": "00:27:18", "end": "00:27:22", "text": "you I I don't know like my gut feeling"}, {"start": "00:27:20", "end": "00:27:25", "text": "on natural gas. It goes a few different"}, {"start": "00:27:22", "end": "00:27:28", "text": "ways because I believe uh oil is more"}, {"start": "00:27:25", "end": "00:27:29", "text": "the concentrated uh item trans"}, {"start": "00:27:28", "end": "00:27:32", "text": "transported through the straight of"}, {"start": "00:27:29", "end": "00:27:34", "text": "Hormus, right? And we do have uh you"}, {"start": "00:27:32", "end": "00:27:38", "text": "know kind of local production abilities"}, {"start": "00:27:34", "end": "00:27:39", "text": "with it. But looking at that chart, I"}, {"start": "00:27:38", "end": "00:27:41", "text": "mean that kind of looks like a"}, {"start": "00:27:39", "end": "00:27:43", "text": "breakdown. You know the natural gas"}, {"start": "00:27:41", "end": "00:27:45", "text": "looks like a breakdown for oil. I see"}, {"start": "00:27:43", "end": "00:27:50", "text": "like 60 is the floor. 60 is the floor"}, {"start": "00:27:45", "end": "00:27:52", "text": "for oil and I think the producers are in"}, {"start": "00:27:50", "end": "00:27:55", "text": "a weird equilibrium moment if it's"}, {"start": "00:27:52", "end": "00:27:57", "text": "around $60 to $80 a barrel uh where it's"}, {"start": "00:27:55", "end": "00:27:59", "text": "not too expensive where you start"}, {"start": "00:27:57", "end": "00:28:00", "text": "shutting down logistics chains and"}, {"start": "00:27:59", "end": "00:28:02", "text": "things of that nature but it's not so"}, {"start": "00:28:00", "end": "00:28:03", "text": "cheap that it's not worth pulling out of"}, {"start": "00:28:02", "end": "00:28:06", "text": "the ground because you do have to have"}, {"start": "00:28:03", "end": "00:28:08", "text": "that balance of validation for the oil"}, {"start": "00:28:06", "end": "00:28:11", "text": "tankers and the uh employees and the"}, {"start": "00:28:08", "end": "00:28:12", "text": "machinery for being out there and then"}, {"start": "00:28:11", "end": "00:28:14", "text": "you don't want it to go too high because"}, {"start": "00:28:12", "end": "00:28:17", "text": "then you basically see an economic like"}, {"start": "00:28:14", "end": "00:28:19", "text": "shock and people stop purchasing and uh"}, {"start": "00:28:17", "end": "00:28:20", "text": "basically just end up with a Mexican"}, {"start": "00:28:19", "end": "00:28:21", "text": "standoff there."}, {"start": "00:28:20", "end": "00:28:24", "text": ">> All right. Well, we got jump man jump"}, {"start": "00:28:21", "end": "00:28:26", "text": "man jump man in here. 40k last week,"}, {"start": "00:28:24", "end": "00:28:29", "text": "100k this week. Well, we are throwing"}, {"start": "00:28:26", "end": "00:28:30", "text": "out other experts predictions, but you"}, {"start": "00:28:29", "end": "00:28:32", "text": "know what? That that is a good point for"}, {"start": "00:28:30", "end": "00:28:35", "text": "us to revisit our predictions. My"}, {"start": "00:28:32", "end": "00:28:37", "text": "prediction for probably two months at"}, {"start": "00:28:35", "end": "00:28:40", "text": "this point after that wick down to 60,"}, {"start": "00:28:37", "end": "00:28:42", "text": "we're going to slowly grind up to 80 and"}, {"start": "00:28:40", "end": "00:28:45", "text": "then I think we do one more push to 60"}, {"start": "00:28:42", "end": "00:28:47", "text": "to the 50s. And then that's when we can"}, {"start": "00:28:45", "end": "00:28:49", "text": "resume the bull pump. Of course, the"}, {"start": "00:28:47", "end": "00:28:51", "text": "40K, the 100K target. We're talking"}, {"start": "00:28:49", "end": "00:28:53", "text": "about some other people's targets. So, I"}, {"start": "00:28:51", "end": "00:28:54", "text": "just want to share my targets. Still"}, {"start": "00:28:53", "end": "00:28:56", "text": "think we pumped to 80, then we fall."}, {"start": "00:28:54", "end": "00:28:57", "text": "Drew, I think you're pretty much in"}, {"start": "00:28:56", "end": "00:28:59", "text": "agreeance, right?"}, {"start": "00:28:57", "end": "00:29:01", "text": ">> Yeah. And I think this is worth looking"}, {"start": "00:28:59", "end": "00:29:02", "text": "out on a larger scale. I mean, we're"}, {"start": "00:29:01", "end": "00:29:04", "text": "pumping nicely and we're going to come"}, {"start": "00:29:02", "end": "00:29:07", "text": "up that $80,000 mark is actually the top"}, {"start": "00:29:04", "end": "00:29:08", "text": "end of your channel that you've been uh"}, {"start": "00:29:07", "end": "00:29:11", "text": "riding and it's been a very useful"}, {"start": "00:29:08", "end": "00:29:13", "text": "channel to trade around. Um, and really"}, {"start": "00:29:11", "end": "00:29:15", "text": "what I'm seeing on the charts, I do"}, {"start": "00:29:13", "end": "00:29:16", "text": "think that visual uh visible volume"}, {"start": "00:29:15", "end": "00:29:18", "text": "profile are going to be important to"}, {"start": "00:29:16", "end": "00:29:21", "text": "look at. Um, so I'm going to go ahead"}, {"start": "00:29:18", "end": "00:29:24", "text": "and put this bad boy on our screen here."}, {"start": "00:29:21", "end": "00:29:26", "text": "So this is the visible volume profile of"}, {"start": "00:29:24", "end": "00:29:28", "text": "the last bull market, right? And as you"}, {"start": "00:29:26", "end": "00:29:30", "text": "can see, the point of control is sitting"}, {"start": "00:29:28", "end": "00:29:33", "text": "at $66,000."}, {"start": "00:29:30", "end": "00:29:36", "text": "This is a very strong level of support."}, {"start": "00:29:33", "end": "00:29:39", "text": "$66,000 is a trampoline. Now, the bottom"}, {"start": "00:29:36", "end": "00:29:42", "text": "end of this uh volume profile is right"}, {"start": "00:29:39", "end": "00:29:44", "text": "around that $60,000 mark. And a mass"}, {"start": "00:29:42", "end": "00:29:48", "text": "flush out where you have to your last"}, {"start": "00:29:44", "end": "00:29:50", "text": "line of defense is a basically $54,000."}, {"start": "00:29:48", "end": "00:29:52", "text": "This is where a lot of the guts of the"}, {"start": "00:29:50", "end": "00:29:55", "text": "ETF action happened back in the last"}, {"start": "00:29:52", "end": "00:29:58", "text": "original ETF pump. And that is also kind"}, {"start": "00:29:55", "end": "00:30:00", "text": "of that last line in the sand before you"}, {"start": "00:29:58", "end": "00:30:03", "text": "have an elevator downtown to Chinatown"}, {"start": "00:30:00", "end": "00:30:06", "text": "at 43,000 bucks. This volume node right"}, {"start": "00:30:03", "end": "00:30:08", "text": "here. But things are angling and the the"}, {"start": "00:30:06", "end": "00:30:10", "text": "momentum this is on a daily time frame."}, {"start": "00:30:08", "end": "00:30:12", "text": "MACD is clipping to the upside. You're"}, {"start": "00:30:10", "end": "00:30:15", "text": "getting that first green impulse and it"}, {"start": "00:30:12", "end": "00:30:16", "text": "is angling to target this bottom end of"}, {"start": "00:30:15", "end": "00:30:18", "text": "volume node which is actually at"}, {"start": "00:30:16", "end": "00:30:21", "text": "$83,000."}, {"start": "00:30:18", "end": "00:30:24", "text": "Now, to break $100,000, you have an"}, {"start": "00:30:21", "end": "00:30:26", "text": "absolute, you know, this is I don't want"}, {"start": "00:30:24", "end": "00:30:29", "text": "to make any references to actual"}, {"start": "00:30:26", "end": "00:30:31", "text": "difficult war, but this would be a a"}, {"start": "00:30:29", "end": "00:30:36", "text": "financial war to get above this volume"}, {"start": "00:30:31", "end": "00:30:37", "text": "node at about $97,000."}, {"start": "00:30:36", "end": "00:30:38", "text": "But we have some things that are"}, {"start": "00:30:37", "end": "00:30:40", "text": "happening on the weekly that are"}, {"start": "00:30:38", "end": "00:30:42", "text": "painting that picture of my aggravation."}, {"start": "00:30:40", "end": "00:30:44", "text": "And when I had a dream that the bull"}, {"start": "00:30:42", "end": "00:30:46", "text": "market was coming too soon, it was"}, {"start": "00:30:44", "end": "00:30:48", "text": "because I saw this coming in the charts"}, {"start": "00:30:46", "end": "00:30:50", "text": "where the money flow is now trying to"}, {"start": "00:30:48", "end": "00:30:54", "text": "come back into the green. We have only"}, {"start": "00:30:50", "end": "00:30:56", "text": "been in the red for like 85 days and"}, {"start": "00:30:54", "end": "00:30:59", "text": "we're already trying to come back into"}, {"start": "00:30:56", "end": "00:31:00", "text": "the green on money flow and the MACD has"}, {"start": "00:30:59", "end": "00:31:04", "text": "clipped. We've been talking about this"}, {"start": "00:31:00", "end": "00:31:06", "text": "movement for weeks on this channel. Um,"}, {"start": "00:31:04", "end": "00:31:08", "text": "so this finally has clipped over. We're"}, {"start": "00:31:06", "end": "00:31:11", "text": "seeing our first green impulse on that"}, {"start": "00:31:08", "end": "00:31:14", "text": "MACD wavelength and the first point of"}, {"start": "00:31:11", "end": "00:31:16", "text": "resistance at $80,000. But man, this"}, {"start": "00:31:14", "end": "00:31:19", "text": "thing is absolutely angling in that way."}, {"start": "00:31:16", "end": "00:31:21", "text": "And the fact that we have this much"}, {"start": "00:31:19", "end": "00:31:24", "text": "bullish momentum. I do have to highlight"}, {"start": "00:31:21", "end": "00:31:27", "text": "this. The velocity that these moving"}, {"start": "00:31:24", "end": "00:31:29", "text": "averages crossed, particularly the blue"}, {"start": "00:31:27", "end": "00:31:30", "text": "line, you see the blue line and how"}, {"start": "00:31:29", "end": "00:31:32", "text": "vicious to the upside it is."}, {"start": "00:31:30", "end": "00:31:33", "text": ">> Yeah, that's a Kenan Rayu uppercut right"}, {"start": "00:31:32", "end": "00:31:33", "text": "there."}, {"start": "00:31:33", "end": "00:31:36", "text": ">> Right."}, {"start": "00:31:33", "end": "00:31:40", "text": ">> That's a Tyson uppercut. This is exactly"}, {"start": "00:31:36", "end": "00:31:41", "text": "like that June July movement of 2022"}, {"start": "00:31:40", "end": "00:31:44", "text": "where we started digging ourselves out"}, {"start": "00:31:41", "end": "00:31:46", "text": "of the bare market. Now the final flush"}, {"start": "00:31:44", "end": "00:31:48", "text": "out that I still feel in my heart would"}, {"start": "00:31:46", "end": "00:31:51", "text": "mirror something like this candle which"}, {"start": "00:31:48", "end": "00:31:54", "text": "was a 30% draw down on Bitcoin which"}, {"start": "00:31:51", "end": "00:31:57", "text": "brought you down by right around 25%"}, {"start": "00:31:54", "end": "00:31:58", "text": "from high to low but it was 11% below"}, {"start": "00:31:57", "end": "00:32:00", "text": "the wick."}, {"start": "00:31:58", "end": "00:32:03", "text": ">> Can I give you a contrarian signal why"}, {"start": "00:32:00", "end": "00:32:04", "text": "we maybe don't get that mega drop down?"}, {"start": "00:32:03", "end": "00:32:05", "text": ">> Sure. I would love to hear that."}, {"start": "00:32:04", "end": "00:32:08", "text": ">> All right. So, this is some interesting."}, {"start": "00:32:05", "end": "00:32:10", "text": "I I agree. Yeah. You look at last cycle."}, {"start": "00:32:08", "end": "00:32:12", "text": "We get all these oscillators like RSI"}, {"start": "00:32:10", "end": "00:32:15", "text": "oversold. We did another leg down. So,"}, {"start": "00:32:12", "end": "00:32:18", "text": "that that is certainly true. So, look at"}, {"start": "00:32:15", "end": "00:32:20", "text": "Bitcoin's RSI. Severely oversold right"}, {"start": "00:32:18", "end": "00:32:21", "text": "here and you go straight up, you know,"}, {"start": "00:32:20", "end": "00:32:24", "text": "does that mean it's a bottom? Well,"}, {"start": "00:32:21", "end": "00:32:26", "text": "right here, it wouldn't be a bottom."}, {"start": "00:32:24", "end": "00:32:28", "text": "Mostly primarily because of the FTX"}, {"start": "00:32:26", "end": "00:32:29", "text": "crash right there. There's a lot of"}, {"start": "00:32:28", "end": "00:32:31", "text": "indicators. Looks like it finds a bottom"}, {"start": "00:32:29", "end": "00:32:33", "text": "and then FTX ends up crashing a little"}, {"start": "00:32:31", "end": "00:32:35", "text": "bit lower. Let me give the contrarian"}, {"start": "00:32:33", "end": "00:32:38", "text": "data here. Let me go to log so it's a"}, {"start": "00:32:35", "end": "00:32:40", "text": "little bit easier to see. This one was"}, {"start": "00:32:38", "end": "00:32:43", "text": "the pico bottom."}, {"start": "00:32:40", "end": "00:32:46", "text": ">> And so now we got 50/50 data. So last"}, {"start": "00:32:43", "end": "00:32:49", "text": "one it wasn't. The one before it was you"}, {"start": "00:32:46", "end": "00:32:51", "text": "go right here also was the pico bottom."}, {"start": "00:32:49", "end": "00:32:53", "text": "And then after that we don't really have"}, {"start": "00:32:51", "end": "00:32:55", "text": "uh bare. I mean yeah again yeah you can"}, {"start": "00:32:53", "end": "00:32:57", "text": "say the November 11 this is 2011."}, {"start": "00:32:55", "end": "00:33:01", "text": "Bitcoin's you know day old basically."}, {"start": "00:32:57", "end": "00:33:02", "text": "It's $2. It's $2 bare. Oh man. It"}, {"start": "00:33:01", "end": "00:33:05", "text": "crashed from 30 bucks to two bucks"}, {"start": "00:33:02", "end": "00:33:07", "text": "there. This was the pico bottom. So,"}, {"start": "00:33:05", "end": "00:33:09", "text": "more often than not, it is the peak"}, {"start": "00:33:07", "end": "00:33:11", "text": "bottom when we're hitting these oversold"}, {"start": "00:33:09", "end": "00:33:14", "text": "levels. It was only FTX that gave us the"}, {"start": "00:33:11", "end": "00:33:15", "text": "aberration there. Now, let me throw one"}, {"start": "00:33:14", "end": "00:33:17", "text": "more thing your way. And if you could"}, {"start": "00:33:15", "end": "00:33:20", "text": "pull up the daily"}, {"start": "00:33:17", "end": "00:33:22", "text": ">> on on your money flow. Can you go to"}, {"start": "00:33:20", "end": "00:33:23", "text": "show the money flow and show the daily"}, {"start": "00:33:22", "end": "00:33:25", "text": "here?"}, {"start": "00:33:23", "end": "00:33:26", "text": ">> Go to daily. Bring it up. I'll bring"}, {"start": "00:33:25", "end": "00:33:28", "text": "down the MACD and bring up market"}, {"start": "00:33:26", "end": "00:33:31", "text": "cipher. All right. Let's see what we got"}, {"start": "00:33:28", "end": "00:33:32", "text": "here. Vicious. See how nice and juicy it"}, {"start": "00:33:31", "end": "00:33:33", "text": "went from red into the green?"}, {"start": "00:33:32", "end": "00:33:35", "text": ">> Mhm."}, {"start": "00:33:33", "end": "00:33:37", "text": ">> Am I crazy? Or is the last time we've"}, {"start": "00:33:35", "end": "00:33:38", "text": "seen something like this was April of"}, {"start": "00:33:37", "end": "00:33:41", "text": "2025?"}, {"start": "00:33:38", "end": "00:33:44", "text": ">> Let's look. Let's look here. I'll hide"}, {"start": "00:33:41", "end": "00:33:47", "text": "this. April 25."}, {"start": "00:33:44", "end": "00:33:50", "text": "Going back. Going Oh, yeah. Oh, lord."}, {"start": "00:33:47", "end": "00:33:52", "text": "Okay. Yeah, that is the the last time"}, {"start": "00:33:50", "end": "00:33:54", "text": "that things had looked that vicious."}, {"start": "00:33:52", "end": "00:33:56", "text": "Honestly, like that's what makes me so"}, {"start": "00:33:54", "end": "00:33:59", "text": "concerned about the lackluster bare"}, {"start": "00:33:56", "end": "00:34:02", "text": "market we're experiencing. like the and"}, {"start": "00:33:59", "end": "00:34:04", "text": "this has to be noted like the velocity"}, {"start": "00:34:02", "end": "00:34:07", "text": "of uptick on not only the money flow but"}, {"start": "00:34:04", "end": "00:34:08", "text": "those moving averages on the MAC D you"}, {"start": "00:34:07", "end": "00:34:11", "text": "know and that would be a hilarious"}, {"start": "00:34:08", "end": "00:34:14", "text": "outcome if it's a short bare market"}, {"start": "00:34:11", "end": "00:34:17", "text": "during literal like world energy crisis"}, {"start": "00:34:14", "end": "00:34:19", "text": "and all this crap going on in the world"}, {"start": "00:34:17", "end": "00:34:21", "text": "and Bitcoin just like you know what nah"}, {"start": "00:34:19", "end": "00:34:24", "text": "I'm gonna I'm going to go back into a"}, {"start": "00:34:21", "end": "00:34:26", "text": "bull market now you guys do you that"}, {"start": "00:34:24", "end": "00:34:29", "text": "would be the mo most hilarious outcome"}, {"start": "00:34:26", "end": "00:34:29", "text": "so you know Just be aware of that. It is"}, {"start": "00:34:29", "end": "00:34:31", "text": "kind of play."}, {"start": "00:34:29", "end": "00:34:33", "text": ">> Well, let's let's satiate the bears."}, {"start": "00:34:31", "end": "00:34:36", "text": "Let's make the bears happy here. Bitcoin"}, {"start": "00:34:33", "end": "00:34:38", "text": "eyes a $50,000 bottom as analysts claim"}, {"start": "00:34:36", "end": "00:34:40", "text": "the final flush is still to come. So,"}, {"start": "00:34:38", "end": "00:34:42", "text": "first we got Ivan on tech. Here's his"}, {"start": "00:34:40", "end": "00:34:44", "text": "post. Bitcoin the big flush. I don't"}, {"start": "00:34:42", "end": "00:34:46", "text": "think we've had it yet. I don't think 60"}, {"start": "00:34:44", "end": "00:34:48", "text": "was the bottom. You can pray for it, of"}, {"start": "00:34:46", "end": "00:34:50", "text": "course, but it won't help. Trend is"}, {"start": "00:34:48", "end": "00:34:52", "text": "still down. The few percentage bounces"}, {"start": "00:34:50", "end": "00:34:54", "text": "are tiny. If you zoom out, I will"}, {"start": "00:34:52", "end": "00:34:55", "text": "reconsider the stance in case bull"}, {"start": "00:34:54", "end": "00:34:57", "text": "strength returns. Just not right here"}, {"start": "00:34:55", "end": "00:34:58", "text": "right now. So, for now, better, better,"}, {"start": "00:34:57", "end": "00:35:00", "text": "better, better, better. Still, guys,"}, {"start": "00:34:58", "end": "00:35:02", "text": "guys, guys, smash the like button. Smash"}, {"start": "00:35:00", "end": "00:35:05", "text": "the like button. There's bombings in my"}, {"start": "00:35:02", "end": "00:35:07", "text": "country. Um, all right. So, that's Ivan."}, {"start": "00:35:05", "end": "00:35:09", "text": "I shouldn't joke about the the crazy"}, {"start": "00:35:07", "end": "00:35:11", "text": "bombs that they have blowing up in"}, {"start": "00:35:09", "end": "00:35:12", "text": "Sweden, right?"}, {"start": "00:35:11", "end": "00:35:14", "text": ">> Uh, is he"}, {"start": "00:35:12", "end": "00:35:17", "text": ">> is he Swedish or Swi Swiss?"}, {"start": "00:35:14", "end": "00:35:18", "text": ">> Oh god, I don't know. Is"}, {"start": "00:35:17", "end": "00:35:21", "text": ">> his ancestors were Vikings? That's all I"}, {"start": "00:35:18", "end": "00:35:23", "text": "know. All right, so that's Ivan on tech."}, {"start": "00:35:21", "end": "00:35:24", "text": "We also got Merlin the traitor. He said"}, {"start": "00:35:23", "end": "00:35:26", "text": "it's about to enter the second bear"}, {"start": "00:35:24", "end": "00:35:28", "text": "phase. Three phases. Bitcoin's about to"}, {"start": "00:35:26", "end": "00:35:31", "text": "enter the second. Accumulation done."}, {"start": "00:35:28", "end": "00:35:34", "text": "Manipulation, loading, distribution,"}, {"start": "00:35:31", "end": "00:35:36", "text": "pending. 70K is the decision. Hold it."}, {"start": "00:35:34", "end": "00:35:38", "text": "Manipulation short. Lose it. We're"}, {"start": "00:35:36", "end": "00:35:41", "text": "heading to 50K. It ran the playbook"}, {"start": "00:35:38", "end": "00:35:42", "text": "once. You can see it happen again. And"}, {"start": "00:35:41", "end": "00:35:45", "text": "there he goes. You can see him talk"}, {"start": "00:35:42", "end": "00:35:47", "text": "about basically that final flush down."}, {"start": "00:35:45", "end": "00:35:49", "text": "And then we end up moving a little bit"}, {"start": "00:35:47", "end": "00:35:52", "text": "higher there. Just kind of putting move"}, {"start": "00:35:49", "end": "00:35:55", "text": "that. All right. That's one. That's two."}, {"start": "00:35:52", "end": "00:35:56", "text": "We also got Symbiot. Bitcoin looks super"}, {"start": "00:35:55", "end": "00:35:59", "text": "bearish on the high time frame. I'm"}, {"start": "00:35:56", "end": "00:36:01", "text": "waiting for the dump to 59 or 50. Either"}, {"start": "00:35:59", "end": "00:36:03", "text": "way, the last dump is coming. And then"}, {"start": "00:36:01", "end": "00:36:06", "text": "we have gel identified a bearish flag"}, {"start": "00:36:03", "end": "00:36:08", "text": "pattern still in play as of Monday."}, {"start": "00:36:06", "end": "00:36:10", "text": "We've talked about the bare flag. I"}, {"start": "00:36:08", "end": "00:36:13", "text": "mean, this right here is the bare flag."}, {"start": "00:36:10", "end": "00:36:16", "text": "There's a quick quick TA giving us our"}, {"start": "00:36:13", "end": "00:36:16", "text": "potential target."}, {"start": "00:36:16", "end": "00:36:20", "text": "I mean, that's a $41,000 Bitcoin. So,"}, {"start": "00:36:19", "end": "00:36:23", "text": "there's a lot of analysts out there"}, {"start": "00:36:20", "end": "00:36:24", "text": "saying, \"Oh, we got a lot more pain. uh"}, {"start": "00:36:23", "end": "00:36:27", "text": "we could be, you know, we haven't hit"}, {"start": "00:36:24", "end": "00:36:29", "text": "our final pain threshold. Still haven't"}, {"start": "00:36:27", "end": "00:36:32", "text": "even seen our final level. Showed you"}, {"start": "00:36:29", "end": "00:36:35", "text": "the RSI data. Find that RSI data pretty"}, {"start": "00:36:32", "end": "00:36:37", "text": "interesting that this was the only time"}, {"start": "00:36:35", "end": "00:36:40", "text": "we did that extra low and you just blame"}, {"start": "00:36:37", "end": "00:36:43", "text": "blame Sam Bankman Freed. It's easy to"}, {"start": "00:36:40", "end": "00:36:47", "text": "but now we got a milestone for Bitcoin."}, {"start": "00:36:43", "end": "00:36:48", "text": "Drew, we're halfway through this epoch."}, {"start": "00:36:47", "end": "00:36:53", "text": "I guess you could call it Bitcoin. Yeah."}, {"start": "00:36:48", "end": "00:36:54", "text": "Next having 50% complete. 105,000 blocks"}, {"start": "00:36:53", "end": "00:36:56", "text": "left before the block rewards get cut in"}, {"start": "00:36:54", "end": "00:36:58", "text": "half. So, let's do a little refresher."}, {"start": "00:36:56", "end": "00:37:01", "text": "Not everybody knows the Bitcoin"}, {"start": "00:36:58", "end": "00:37:03", "text": "tokconomics super well here. So, Bitcoin"}, {"start": "00:37:01", "end": "00:37:06", "text": "passes the halfway point in its having"}, {"start": "00:37:03", "end": "00:37:08", "text": "cycle as a price gains trail the prior"}, {"start": "00:37:06", "end": "00:37:11", "text": "cycle. So, it's more than 50% through"}, {"start": "00:37:08", "end": "00:37:15", "text": "its current having cycle. Issuance right"}, {"start": "00:37:11", "end": "00:37:16", "text": "now every 10 minutes 3.125 Bitcoin are"}, {"start": "00:37:15", "end": "00:37:20", "text": "released. That gives it an inflation"}, {"start": "00:37:16", "end": "00:37:22", "text": "rate below 1% as we trend towards the 21"}, {"start": "00:37:20", "end": "00:37:24", "text": "million cap. So eventually Bitcoin will"}, {"start": "00:37:22", "end": "00:37:28", "text": "be at 21 million coins. We're over a"}, {"start": "00:37:24", "end": "00:37:29", "text": "century away. Now the having expected"}, {"start": "00:37:28", "end": "00:37:32", "text": "41228,"}, {"start": "00:37:29", "end": "00:37:34", "text": "April 12, 2028, just under two years"}, {"start": "00:37:32", "end": "00:37:37", "text": "away. They call these epochs. We're in"}, {"start": "00:37:34", "end": "00:37:39", "text": "epoch 5 right now. It occurs every"}, {"start": "00:37:37", "end": "00:37:41", "text": "210,000 blocks."}, {"start": "00:37:39", "end": "00:37:43", "text": ">> They did this girl dirty with that"}, {"start": "00:37:41", "end": "00:37:45", "text": "screenshot. I mean, that is"}, {"start": "00:37:43", "end": "00:37:46", "text": ">> that's the Jordan Tequila meme."}, {"start": "00:37:45", "end": "00:37:48", "text": ">> Okay. Yeah."}, {"start": "00:37:46", "end": "00:37:48", "text": ">> You know Jordan Tequila meme I'm talking"}, {"start": "00:37:48", "end": "00:37:50", "text": "about?"}, {"start": "00:37:48", "end": "00:37:50", "text": ">> I think I do. I think it rings a bell."}, {"start": "00:37:50", "end": "00:37:52", "text": "She looks like"}, {"start": "00:37:50", "end": "00:37:54", "text": ">> he's like in the Jordan gray sweatpants"}, {"start": "00:37:52", "end": "00:37:57", "text": "suit and he's like he's got that bottle"}, {"start": "00:37:54", "end": "00:37:59", "text": "of Patron or I don't know something."}, {"start": "00:37:57", "end": "00:38:02", "text": "He's devilish grin on his face. Looks"}, {"start": "00:37:59", "end": "00:38:04", "text": "like he's about to hit the casino with"}, {"start": "00:38:02", "end": "00:38:07", "text": "Dennis Rodman in the heyday. But yeah,"}, {"start": "00:38:04", "end": "00:38:09", "text": "having occurs every 210,000 blocks. It's"}, {"start": "00:38:07", "end": "00:38:11", "text": "about every four years closer to three"}, {"start": "00:38:09", "end": "00:38:14", "text": "months and three years and 10 months and"}, {"start": "00:38:11", "end": "00:38:18", "text": "reduces that reward the reward that the"}, {"start": "00:38:14", "end": "00:38:20", "text": "miners receive by 50%. currently 3.125"}, {"start": "00:38:18", "end": "00:38:22", "text": "and with a Bitcoin mined every 10"}, {"start": "00:38:20", "end": "00:38:24", "text": "minutes on average, we make about 450"}, {"start": "00:38:22", "end": "00:38:27", "text": "Bitcoin every day. That's going to get"}, {"start": "00:38:24", "end": "00:38:28", "text": "cut in half to 225."}, {"start": "00:38:27", "end": "00:38:30", "text": "Really start thinking about Michael"}, {"start": "00:38:28", "end": "00:38:33", "text": "Sailor's buy pressure. They keep it 10"}, {"start": "00:38:30", "end": "00:38:36", "text": "minutes by difficulty adjustments. This"}, {"start": "00:38:33", "end": "00:38:38", "text": "happens every 2016 blocks or every 2"}, {"start": "00:38:36", "end": "00:38:40", "text": "weeks roughly. Now, recently we hit the"}, {"start": "00:38:38", "end": "00:38:43", "text": "milestone as the 20 millionth Bitcoin"}, {"start": "00:38:40", "end": "00:38:47", "text": "was mining, meaning the final one takes"}, {"start": "00:38:43", "end": "00:38:50", "text": "114 years to mine. There you go. There's"}, {"start": "00:38:47", "end": "00:38:50", "text": "your tokconomics master class there for"}, {"start": "00:38:50", "end": "00:38:52", "text": "Bitcoin."}, {"start": "00:38:50", "end": "00:38:54", "text": ">> And you had a good point. We need to do"}, {"start": "00:38:52", "end": "00:38:56", "text": "a better job of highlighting what"}, {"start": "00:38:54", "end": "00:38:59", "text": "Bitcoin dominance even is."}, {"start": "00:38:56", "end": "00:39:01", "text": ">> Um, I feel like there's, you know, a lot"}, {"start": "00:38:59", "end": "00:39:04", "text": "of altcoin holders that don't even look"}, {"start": "00:39:01", "end": "00:39:06", "text": "at the Bitcoin dominance chart. And I"}, {"start": "00:39:04", "end": "00:39:08", "text": "think we need to kind of brush people up"}, {"start": "00:39:06", "end": "00:39:11", "text": "on that too because then this is where,"}, {"start": "00:39:08", "end": "00:39:12", "text": "you know, we'll we'll break and keep the"}, {"start": "00:39:11", "end": "00:39:14", "text": "if we keep the pump going and start"}, {"start": "00:39:12", "end": "00:39:15", "text": "playing around in the 80s and the 90s,"}, {"start": "00:39:14", "end": "00:39:19", "text": "you're going to see the fair weather"}, {"start": "00:39:15", "end": "00:39:22", "text": "fans come back and it's just a good time"}, {"start": "00:39:19", "end": "00:39:25", "text": "to lock down and educate. So,"}, {"start": "00:39:22", "end": "00:39:28", "text": ">> 100% 100%. Now, uh let's uh roll forward"}, {"start": "00:39:25", "end": "00:39:30", "text": "here. Let's get into the altcoin stuff."}, {"start": "00:39:28", "end": "00:39:31", "text": "Crypto Crank, you can check him on our"}, {"start": "00:39:30", "end": "00:39:33", "text": "trading portions of our streams here."}, {"start": "00:39:31", "end": "00:39:36", "text": "All these suckers are like we called it"}, {"start": "00:39:33", "end": "00:39:37", "text": "months ago. And check out some of those"}, {"start": "00:39:36", "end": "00:39:39", "text": "ETH predictions uh that we were making"}, {"start": "00:39:37", "end": "00:39:40", "text": "there, Crank. I'd be interested to see"}, {"start": "00:39:39", "end": "00:39:42", "text": "what your thoughts are on some of these"}, {"start": "00:39:40", "end": "00:39:45", "text": "ETH predictions here. Talking about Ivan"}, {"start": "00:39:42", "end": "00:39:47", "text": "on Tech. Oh, okay. Yeah. Yeah. Yeah."}, {"start": "00:39:45", "end": "00:39:49", "text": "Yeah. Ivan on Tech. Ivan on Tech was"}, {"start": "00:39:47", "end": "00:39:52", "text": "pretty good with his bearish signal"}, {"start": "00:39:49", "end": "00:39:55", "text": "October 10th. He didn't say definitively"}, {"start": "00:39:52", "end": "00:39:56", "text": "the cycle's over, but he's like, \"Guys,"}, {"start": "00:39:55", "end": "00:39:58", "text": "we're, you know, this ain't good. This"}, {"start": "00:39:56", "end": "00:40:00", "text": "is looking bad. You know, we're going to"}, {"start": "00:39:58", "end": "00:40:02", "text": "probably drop, you know, to 100.\" But he"}, {"start": "00:40:00", "end": "00:40:03", "text": "then kind of changed it to I called the"}, {"start": "00:40:02", "end": "00:40:06", "text": "top. But"}, {"start": "00:40:03", "end": "00:40:09", "text": ">> I will say going bearish October, no it"}, {"start": "00:40:06", "end": "00:40:11", "text": "wasn't 1010. It was 108. So it was"}, {"start": "00:40:09", "end": "00:40:14", "text": "between 106 was the top for Bitcoin."}, {"start": "00:40:11", "end": "00:40:16", "text": "1010 and then he went bearish on 108. So"}, {"start": "00:40:14", "end": "00:40:18", "text": "good job Ivan. I love Ivan. I just hate"}, {"start": "00:40:16", "end": "00:40:20", "text": "that he disappears every bare market."}, {"start": "00:40:18", "end": "00:40:22", "text": "That's when we need you most. That's"}, {"start": "00:40:20", "end": "00:40:23", "text": "when we need you most there. Uh but we"}, {"start": "00:40:22", "end": "00:40:25", "text": "have some bullish news for crypto in"}, {"start": "00:40:23", "end": "00:40:28", "text": "general."}, {"start": "00:40:25", "end": "00:40:30", "text": "Nikita, the head of X, aka Twitter,"}, {"start": "00:40:28", "end": "00:40:34", "text": "\"Crypto's had a rough year. Maybe we"}, {"start": "00:40:30", "end": "00:40:36", "text": "should launch something to fix it.\" 3.6"}, {"start": "00:40:34", "end": "00:40:38", "text": "million views. Posted this last night"}, {"start": "00:40:36", "end": "00:40:41", "text": "right before midnight,"}, {"start": "00:40:38", "end": "00:40:42", "text": ">> man. What did So, is this the X money"}, {"start": "00:40:41", "end": "00:40:44", "text": "that they've been talking about?"}, {"start": "00:40:42", "end": "00:40:46", "text": ">> Spoiler alert. No, we don't know for"}, {"start": "00:40:44", "end": "00:40:48", "text": "sure, but spoiler. Now, they did"}, {"start": "00:40:46", "end": "00:40:49", "text": "announce them, so probably linked here."}, {"start": "00:40:48", "end": "00:40:50", "text": "Already announced to be launched this"}, {"start": "00:40:49", "end": "00:40:53", "text": "month. In my opinion, it will be some"}, {"start": "00:40:50", "end": "00:40:56", "text": "sort of wallet inside Twitter, hybrid"}, {"start": "00:40:53", "end": "00:40:58", "text": "crypto, fiat, pay for subs, maybe tips,"}, {"start": "00:40:56", "end": "00:41:00", "text": "maybe yield on the balance. Kind of the"}, {"start": "00:40:58", "end": "00:41:02", "text": "most logical here."}, {"start": "00:41:00", "end": "00:41:03", "text": ">> That's going to be pretty bearish for"}, {"start": "00:41:02", "end": "00:41:04", "text": "all the other Social platforms out"}, {"start": "00:41:03", "end": "00:41:06", "text": "there."}, {"start": "00:41:04", "end": "00:41:07", "text": ">> Drew, let me ask you a question. Chat,"}, {"start": "00:41:06", "end": "00:41:10", "text": "let me ask you a question."}, {"start": "00:41:07", "end": "00:41:13", "text": ">> Remove Bitcoin. What altcoin will ex"}, {"start": "00:41:10", "end": "00:41:15", "text": "users buy the most?"}, {"start": "00:41:13", "end": "00:41:16", "text": ">> Salana. I think Salana."}, {"start": "00:41:15", "end": "00:41:18", "text": ">> Salana."}, {"start": "00:41:16", "end": "00:41:20", "text": ">> Yeah, I would think Salana. God, if you"}, {"start": "00:41:18", "end": "00:41:22", "text": "asked me two years ago, I'd say Cardano."}, {"start": "00:41:20", "end": "00:41:24", "text": ">> Would you? Yeah, I think Salana is"}, {"start": "00:41:22", "end": "00:41:26", "text": "probably, you know, and there'll"}, {"start": "00:41:24", "end": "00:41:28", "text": "probably be jokes running. They'll make"}, {"start": "00:41:26", "end": "00:41:29", "text": "some shitcoin and start tipping each"}, {"start": "00:41:28", "end": "00:41:30", "text": "other in [�__�]"}, {"start": "00:41:29", "end": "00:41:33", "text": ">> Oh, man. A lot of people bringing up"}, {"start": "00:41:30", "end": "00:41:33", "text": "XRP."}, {"start": "00:41:33", "end": "00:41:37", "text": ">> Well, it's got the X in it, Dezy."}, {"start": "00:41:35", "end": "00:41:40", "text": "Obviously, it's going to be XRP. Come"}, {"start": "00:41:37", "end": "00:41:43", "text": "on, man. It's X XRP. It's a match made"}, {"start": "00:41:40", "end": "00:41:46", "text": "in heaven. Uh yeah, there's I think XRP"}, {"start": "00:41:43", "end": "00:41:49", "text": "is more useful to boomers in their ETFs"}, {"start": "00:41:46", "end": "00:41:50", "text": "than it is to dens."}, {"start": "00:41:49", "end": "00:41:52", "text": ">> We got two thoughts here. Doge because"}, {"start": "00:41:50", "end": "00:41:57", "text": "people are clueless and Elon's linked to"}, {"start": "00:41:52", "end": "00:41:59", "text": "Doge. Some are saying bearish for Doge."}, {"start": "00:41:57", "end": "00:42:00", "text": ">> Is X money bullish or bearish for Doge,"}, {"start": "00:41:59", "end": "00:42:02", "text": "Drew?"}, {"start": "00:42:00", "end": "00:42:04", "text": ">> I think it's going to be he's probably"}, {"start": "00:42:02", "end": "00:42:06", "text": "going to have to leave it alone for"}, {"start": "00:42:04", "end": "00:42:08", "text": "conflict of interest stuff, you know, or"}, {"start": "00:42:06", "end": "00:42:10", "text": "just to stay away from it. Like I don't"}, {"start": "00:42:08", "end": "00:42:13", "text": "think I don't think that Elon would"}, {"start": "00:42:10", "end": "00:42:15", "text": "integrate with Doge at kind of like the"}, {"start": "00:42:13", "end": "00:42:18", "text": "top of the list. Maybe it's part of the"}, {"start": "00:42:15", "end": "00:42:19", "text": "overall crypto that you can transact. I"}, {"start": "00:42:18", "end": "00:42:20", "text": "would imagine it's going to be pretty"}, {"start": "00:42:19", "end": "00:42:22", "text": "thin though. What do you"}, {"start": "00:42:20", "end": "00:42:23", "text": ">> Oh my god. It's almost B&B looks great"}, {"start": "00:42:22", "end": "00:42:25", "text": "on the daily. You've heard me say this"}, {"start": "00:42:23", "end": "00:42:27", "text": "about the Bitcoin chart or the ETH"}, {"start": "00:42:25", "end": "00:42:29", "text": "chart. I say as as long as we're above"}, {"start": "00:42:27", "end": "00:42:31", "text": "this, I still feel bullish, right?"}, {"start": "00:42:29", "end": "00:42:33", "text": "Because this would signify a loss of"}, {"start": "00:42:31", "end": "00:42:34", "text": "structure. This is a bottoming tail."}, {"start": "00:42:33", "end": "00:42:38", "text": "This is a bullish structure. this"}, {"start": "00:42:34", "end": "00:42:39", "text": "bullish structure invalid once you start"}, {"start": "00:42:38", "end": "00:42:41", "text": "closing below this. So, I mean, you"}, {"start": "00:42:39", "end": "00:42:42", "text": "could wick below it, but that's also not"}, {"start": "00:42:41", "end": "00:42:44", "text": "a great sign. But if you close below"}, {"start": "00:42:42", "end": "00:42:47", "text": "this, forget the bottoming tail. It's"}, {"start": "00:42:44", "end": "00:42:49", "text": "it's a lark. It's a fake. It's a ruse."}, {"start": "00:42:47", "end": "00:42:51", "text": ">> Look right here. Look how close that"}, {"start": "00:42:49", "end": "00:42:54", "text": "got. Drew. Bam."}, {"start": "00:42:51", "end": "00:42:56", "text": "Oo, I you can say wick blow, but I mean"}, {"start": "00:42:54", "end": "00:42:59", "text": "it it it pushed above, meaning the"}, {"start": "00:42:56", "end": "00:43:01", "text": "markets started here. Sellers took it"}, {"start": "00:42:59", "end": "00:43:03", "text": "control, got it all the way down here,"}, {"start": "00:43:01", "end": "00:43:05", "text": "and then we closed right here before the"}, {"start": "00:43:03", "end": "00:43:06", "text": "day was closed, and then the next day,"}, {"start": "00:43:05", "end": "00:43:08", "text": "you can see we didn't fall below that"}, {"start": "00:43:06", "end": "00:43:10", "text": "range. Right now, we're in a short-term"}, {"start": "00:43:08", "end": "00:43:12", "text": "bullish structure. BNB is looking good"}, {"start": "00:43:10", "end": "00:43:14", "text": "on the daily. I'll go ahead and give you"}, {"start": "00:43:12", "end": "00:43:18", "text": "that one. Mhm. As long as Binance is"}, {"start": "00:43:14", "end": "00:43:21", "text": "still a a financially sound company or"}, {"start": "00:43:18", "end": "00:43:23", "text": "still operating, I got to say, or I"}, {"start": "00:43:21", "end": "00:43:27", "text": "think $500 range is going to be defended"}, {"start": "00:43:23", "end": "00:43:29", "text": "the same way that the 60K, you know,"}, {"start": "00:43:27", "end": "00:43:32", "text": "high 50k realm for Bitcoin is going to"}, {"start": "00:43:29", "end": "00:43:34", "text": "be defended in this environment. So, um,"}, {"start": "00:43:32", "end": "00:43:37", "text": ">> we did lose the 618 there."}, {"start": "00:43:34", "end": "00:43:39", "text": ">> Right. Right. I I still feel like"}, {"start": "00:43:37", "end": "00:43:41", "text": "they're they're going to do some they're"}, {"start": "00:43:39", "end": "00:43:44", "text": "going to do some measures to protect the"}, {"start": "00:43:41", "end": "00:43:45", "text": "$500 price point for B&B. That's what I"}, {"start": "00:43:44", "end": "00:43:46", "text": "think. So,"}, {"start": "00:43:45", "end": "00:43:48", "text": ">> hey, crime season, you know, they got to"}, {"start": "00:43:46", "end": "00:43:50", "text": "put those rave profits somewhere,"}, {"start": "00:43:48", "end": "00:43:51", "text": "everybody. Have you ever been to a rave,"}, {"start": "00:43:50", "end": "00:43:54", "text": "Drew?"}, {"start": "00:43:51", "end": "00:43:57", "text": ">> I have. I have indeed been to a rave and"}, {"start": "00:43:54", "end": "00:44:00", "text": "I don't like raves because I don't like"}, {"start": "00:43:57", "end": "00:44:02", "text": "to dance. Um, so, you know, I don't I"}, {"start": "00:44:00", "end": "00:44:04", "text": "kind of stay out of them. I dated one"}, {"start": "00:44:02", "end": "00:44:06", "text": "chick cuz she was like a fire dancer and"}, {"start": "00:44:04", "end": "00:44:06", "text": "stuff. It was just it's too much. I"}, {"start": "00:44:06", "end": "00:44:08", "text": "can't do that."}, {"start": "00:44:06", "end": "00:44:10", "text": ">> Uh, did you ever do the Fat Joe lean"}, {"start": "00:44:08", "end": "00:44:12", "text": "back? Lean back. You know, that'd be"}, {"start": "00:44:10", "end": "00:44:14", "text": "about the extent of your dancing."}, {"start": "00:44:12", "end": "00:44:17", "text": ">> No, I never did that. Um,"}, {"start": "00:44:14", "end": "00:44:19", "text": ">> you did like devil horns, headbanging,"}, {"start": "00:44:17", "end": "00:44:21", "text": "swirl the hair moves."}, {"start": "00:44:19", "end": "00:44:23", "text": "Well, that only came out on stage. I"}, {"start": "00:44:21", "end": "00:44:26", "text": "think when I'm on the dance floor at a"}, {"start": "00:44:23", "end": "00:44:28", "text": "rave, it's just drinking. Like, that's"}, {"start": "00:44:26", "end": "00:44:30", "text": "all I can do is just drink and bob"}, {"start": "00:44:28", "end": "00:44:33", "text": "around and, you know, I'm there with"}, {"start": "00:44:30", "end": "00:44:35", "text": "some chick, so I let her do the dancing."}, {"start": "00:44:33", "end": "00:44:37", "text": "Yeah. Exactly. Exactly. Just flopping"}, {"start": "00:44:35", "end": "00:44:38", "text": "and flopping and drinking, you know?"}, {"start": "00:44:37", "end": "00:44:41", "text": "That's awesome."}, {"start": "00:44:38", "end": "00:44:44", "text": ">> You dance like you're in Scooby-Doo"}, {"start": "00:44:41", "end": "00:44:45", "text": ">> or like you're Charlie Brown."}, {"start": "00:44:44", "end": "00:44:47", "text": ">> Yeah. I I can't do it. Did you just do"}, {"start": "00:44:45", "end": "00:44:49", "text": "the cripwalk?"}, {"start": "00:44:47", "end": "00:44:52", "text": ">> Is that what that was?"}, {"start": "00:44:49", "end": "00:44:54", "text": ">> No. No, that was the uh was it Thelma's?"}, {"start": "00:44:52", "end": "00:44:56", "text": "I think she did the Charlie Brown also"}, {"start": "00:44:54", "end": "00:44:58", "text": "had a character that did the same dance"}, {"start": "00:44:56", "end": "00:45:00", "text": "there. All right. A little barn dancing."}, {"start": "00:44:58", "end": "00:45:01", "text": "A little barn dancing. Hey, look. We"}, {"start": "00:45:00", "end": "00:45:03", "text": "live in the country, okay? We were, you"}, {"start": "00:45:01", "end": "00:45:04", "text": "know, Atlanta based, but me and Drew,"}, {"start": "00:45:03", "end": "00:45:06", "text": "we're kind of in the sticks."}, {"start": "00:45:04", "end": "00:45:08", "text": ">> Yeah, there's barn dancing out here for"}, {"start": "00:45:06", "end": "00:45:10", "text": "sure. Like, I've been I've seen"}, {"start": "00:45:08", "end": "00:45:12", "text": ">> there's barn raising probably."}, {"start": "00:45:10", "end": "00:45:14", "text": ">> Yeah. I mean, everything to do with"}, {"start": "00:45:12", "end": "00:45:15", "text": "barns. It's out where we live."}, {"start": "00:45:14", "end": "00:45:18", "text": ">> All right, let's talk about the barn"}, {"start": "00:45:15", "end": "00:45:19", "text": "burner of an altcoin. Hyperlquid. You"}, {"start": "00:45:18", "end": "00:45:21", "text": "like that segue? Smash the like button,"}, {"start": "00:45:19", "end": "00:45:23", "text": "everybody. Even if you hated that segue,"}, {"start": "00:45:21", "end": "00:45:24", "text": "it was a bad segue. I'm not going to say"}, {"start": "00:45:23", "end": "00:45:25", "text": "it was a good segway. Smash the like"}, {"start": "00:45:24", "end": "00:45:27", "text": "button. It really does help us out."}, {"start": "00:45:25", "end": "00:45:29", "text": "Let's get into this YouTube algorithm."}, {"start": "00:45:27", "end": "00:45:31", "text": "Let's talk about 100K Bitcoin. Every"}, {"start": "00:45:29", "end": "00:45:33", "text": "time you like the video to you pump"}, {"start": "00:45:31", "end": "00:45:34", "text": "Bitcoin $1 and it's you're not going to"}, {"start": "00:45:33", "end": "00:45:36", "text": "know unless you try it. So go ahead and"}, {"start": "00:45:34", "end": "00:45:38", "text": "try it. It doesn't cost you anything but"}, {"start": "00:45:36", "end": "00:45:40", "text": "a little effort. SEC just gave"}, {"start": "00:45:38", "end": "00:45:43", "text": "Hyperlquid a massive dub. Self-custodial"}, {"start": "00:45:40", "end": "00:45:46", "text": "D5 frontends third party builders now"}, {"start": "00:45:43", "end": "00:45:48", "text": "get a 5-year safe harbor which means no"}, {"start": "00:45:46", "end": "00:45:50", "text": "broker dealer registration is required."}, {"start": "00:45:48", "end": "00:45:53", "text": "So no harbor butcher is going to be"}, {"start": "00:45:50", "end": "00:45:56", "text": "happen here. Huge regulatory clarity for"}, {"start": "00:45:53", "end": "00:45:59", "text": "onchain purps. This is bullish AF or"}, {"start": "00:45:56", "end": "00:46:00", "text": "hyperl liquid. And so essentially this"}, {"start": "00:45:59", "end": "00:46:02", "text": "is saying if you have the user"}, {"start": "00:46:00", "end": "00:46:04", "text": "interface,"}, {"start": "00:46:02", "end": "00:46:06", "text": "you don't have to you don't have to"}, {"start": "00:46:04", "end": "00:46:08", "text": "register. You're just a conduit. It's"}, {"start": "00:46:06", "end": "00:46:11", "text": "the people maybe running those per. So"}, {"start": "00:46:08", "end": "00:46:14", "text": "if if you're not aware, Hyperlid,"}, {"start": "00:46:11", "end": "00:46:15", "text": "you launch per Hyperlid. Hyperlid"}, {"start": "00:46:14", "end": "00:46:18", "text": "doesn't launch their own per. I think"}, {"start": "00:46:15", "end": "00:46:20", "text": "XYZ trading is number one for that. But"}, {"start": "00:46:18", "end": "00:46:22", "text": "Hyperlid is just like, hey, we're just a"}, {"start": "00:46:20", "end": "00:46:25", "text": "middleman. This is the Drew. This is the"}, {"start": "00:46:22", "end": "00:46:28", "text": "newsstand legal claim where you can have"}, {"start": "00:46:25", "end": "00:46:30", "text": "a news stand. You get magazines every"}, {"start": "00:46:28", "end": "00:46:32", "text": "Monday. You put them on your stand. If"}, {"start": "00:46:30", "end": "00:46:33", "text": "one of the magazines had something say"}, {"start": "00:46:32", "end": "00:46:36", "text": "illegal in it, you just say, \"I was just"}, {"start": "00:46:33", "end": "00:46:38", "text": "the news stand operator. I'm not liable."}, {"start": "00:46:36", "end": "00:46:40", "text": "The magazine is liable.\" And so this"}, {"start": "00:46:38", "end": "00:46:41", "text": "would be, you know, hey, Hyperlid right"}, {"start": "00:46:40", "end": "00:46:43", "text": "here. They're the magazine stand."}, {"start": "00:46:41", "end": "00:46:45", "text": "They're not liable for this. Fiveyear"}, {"start": "00:46:43", "end": "00:46:49", "text": "safe harbor. Really good stuff. So"}, {"start": "00:46:45", "end": "00:46:52", "text": "definitely Hyperlid uh W. Let's check in"}, {"start": "00:46:49", "end": "00:46:53", "text": "on our prediction here. We on regular."}, {"start": "00:46:52", "end": "00:46:56", "text": "Yeah, we're on log. I can tell something"}, {"start": "00:46:53", "end": "00:46:57", "text": "was funky."}, {"start": "00:46:56", "end": "00:47:01", "text": "Yeah, just looking at this current bull"}, {"start": "00:46:57", "end": "00:47:02", "text": "flag. And it's still playing out to"}, {"start": "00:47:01", "end": "00:47:06", "text": "$50ish."}, {"start": "00:47:02", "end": "00:47:07", "text": "And we've said that Hyperlid loves round"}, {"start": "00:47:06", "end": "00:47:09", "text": "numbers. It just loves these round"}, {"start": "00:47:07", "end": "00:47:12", "text": "numbers for some reason. Maybe it's a"}, {"start": "00:47:09", "end": "00:47:13", "text": "retail focus coin. I'm not sure. But uh"}, {"start": "00:47:12", "end": "00:47:15", "text": "either way, it has been paying attention"}, {"start": "00:47:13", "end": "00:47:18", "text": "to that. I mean, this right here wicked"}, {"start": "00:47:15", "end": "00:47:21", "text": "really close to $40. It's like 38.50 50"}, {"start": "00:47:18", "end": "00:47:22", "text": "to 40. That one I guess not so much."}, {"start": "00:47:21", "end": "00:47:24", "text": "It's close to 25. You can make an"}, {"start": "00:47:22", "end": "00:47:26", "text": "argument that's a that's a round number,"}, {"start": "00:47:24", "end": "00:47:28", "text": "but Hyperlid I'm still bullish on"}, {"start": "00:47:26", "end": "00:47:30", "text": "Hyperlid. Feeling good about this one."}, {"start": "00:47:28", "end": "00:47:32", "text": ">> Yeah, this season is definitely sparking"}, {"start": "00:47:30", "end": "00:47:34", "text": "up more and more like traders are"}, {"start": "00:47:32", "end": "00:47:36", "text": "starting to work wake up because they're"}, {"start": "00:47:34", "end": "00:47:39", "text": "seeing the volatility and Hyperlid. It"}, {"start": "00:47:36", "end": "00:47:41", "text": "can, you know, take the season of many"}, {"start": "00:47:39", "end": "00:47:43", "text": "people being interested in oil. It can"}, {"start": "00:47:41", "end": "00:47:44", "text": "take the season of many people being"}, {"start": "00:47:43", "end": "00:47:47", "text": "interested in a lot of different"}, {"start": "00:47:44", "end": "00:47:48", "text": "commodities. Um, that's a crazy trend"}, {"start": "00:47:47", "end": "00:47:50", "text": "line that you just"}, {"start": "00:47:48", "end": "00:47:52", "text": ">> if we break down, I am buying a lot"}, {"start": "00:47:50", "end": "00:47:54", "text": "more. I did buy a little bit more. We we"}, {"start": "00:47:52", "end": "00:47:56", "text": "had it in the Discord. Uh, it was John"}, {"start": "00:47:54", "end": "00:47:58", "text": "Dalton, you know, he put out some"}, {"start": "00:47:56", "end": "00:48:00", "text": "hyperlid. So, we bought in the 20s."}, {"start": "00:47:58", "end": "00:48:03", "text": "Average price was in the 20s. Uh, took"}, {"start": "00:48:00", "end": "00:48:05", "text": "some profit, bought some more, and now"}, {"start": "00:48:03", "end": "00:48:07", "text": "we're we're riding it up for the next"}, {"start": "00:48:05", "end": "00:48:08", "text": "leg there. So, I'm I'm not sure how much"}, {"start": "00:48:07", "end": "00:48:10", "text": "I sold versus how much I bought as far"}, {"start": "00:48:08", "end": "00:48:12", "text": "as percentage of the hype portfolio, but"}, {"start": "00:48:10", "end": "00:48:14", "text": "basically took some money off the table"}, {"start": "00:48:12", "end": "00:48:16", "text": "and then put that money back into the"}, {"start": "00:48:14", "end": "00:48:19", "text": "casino there. So, we got a little extra"}, {"start": "00:48:16", "end": "00:48:23", "text": "hype for our efforts. Now, let's hype up"}, {"start": "00:48:19", "end": "00:48:26", "text": "this congress person with some inside"}, {"start": "00:48:23", "end": "00:48:27", "text": "trading. Now, this right here, I'm not"}, {"start": "00:48:26", "end": "00:48:30", "text": "going to comment on her looks here. Hard"}, {"start": "00:48:27", "end": "00:48:32", "text": "to ignore this one. Shelley Moore"}, {"start": "00:48:30", "end": "00:48:35", "text": "Capedo, Republican, just bought"}, {"start": "00:48:32", "end": "00:48:38", "text": "Mastercard. Meanwhile, the credit card"}, {"start": "00:48:35", "end": "00:48:41", "text": "competition act is active in the Senate,"}, {"start": "00:48:38", "end": "00:48:44", "text": "and the bill directly targets the fees"}, {"start": "00:48:41", "end": "00:48:46", "text": "Mastercard charges every single store,"}, {"start": "00:48:44", "end": "00:48:48", "text": "and she sits on the Commerce Committee,"}, {"start": "00:48:46", "end": "00:48:50", "text": "which is jurisdiction over payment"}, {"start": "00:48:48", "end": "00:48:53", "text": "network legislation. So, if there's an"}, {"start": "00:48:50", "end": "00:48:55", "text": "insider who knows about Mastercard and"}, {"start": "00:48:53", "end": "00:48:57", "text": "Visa's bottom line over the next 12"}, {"start": "00:48:55", "end": "00:49:00", "text": "months, it is this person. It is this"}, {"start": "00:48:57", "end": "00:49:02", "text": "ghoul right here. And let's check in on"}, {"start": "00:49:00", "end": "00:49:04", "text": "Mastercard. Mastercard, little bit of a"}, {"start": "00:49:02", "end": "00:49:05", "text": "pullback like the rest of the stock"}, {"start": "00:49:04", "end": "00:49:07", "text": "market."}, {"start": "00:49:05", "end": "00:49:10", "text": ">> Ended up pulling back about 20%. Little"}, {"start": "00:49:07", "end": "00:49:11", "text": "bit of a pump here, but we're, you know,"}, {"start": "00:49:10", "end": "00:49:15", "text": "we're really close to this level of"}, {"start": "00:49:11", "end": "00:49:17", "text": "support. I don't hate nibbling in right"}, {"start": "00:49:15", "end": "00:49:19", "text": "now. But let me show you something,"}, {"start": "00:49:17", "end": "00:49:20", "text": "Drew. Last time we had some, you know,"}, {"start": "00:49:19", "end": "00:49:22", "text": "strong horizontal level, you know, we"}, {"start": "00:49:20", "end": "00:49:25", "text": "came back down. We did a head and"}, {"start": "00:49:22", "end": "00:49:28", "text": "shoulders, boom, boom, boom, and then we"}, {"start": "00:49:25", "end": "00:49:30", "text": "fell below it perfectly on on point"}, {"start": "00:49:28", "end": "00:49:34", "text": "there. Perfectly on target. So my thesis"}, {"start": "00:49:30", "end": "00:49:36", "text": "here, if we do a head and shoulders on"}, {"start": "00:49:34", "end": "00:49:38", "text": "this line, maybe this is the left"}, {"start": "00:49:36", "end": "00:49:40", "text": "shoulder, maybe we're about to form the"}, {"start": "00:49:38", "end": "00:49:42", "text": "head, maybe we do a right shoulder. I I"}, {"start": "00:49:40", "end": "00:49:43", "text": "like nibbling in at the neckline and"}, {"start": "00:49:42", "end": "00:49:46", "text": "then if we do a head and shoulders"}, {"start": "00:49:43", "end": "00:49:47", "text": "breakdown to me, very very strong buy"}, {"start": "00:49:46", "end": "00:49:48", "text": "zone for Mastercard."}, {"start": "00:49:47", "end": "00:49:50", "text": ">> Go ahead and just give you that TA."}, {"start": "00:49:48", "end": "00:49:52", "text": "Maybe we'll check in on this one in a"}, {"start": "00:49:50", "end": "00:49:54", "text": "month. Maybe it'll play out pretty well."}, {"start": "00:49:52", "end": "00:49:55", "text": ">> You ready to talk a little?"}, {"start": "00:49:54", "end": "00:49:58", "text": ">> What do you What do you think here about"}, {"start": "00:49:55", "end": "00:50:02", "text": "the inside trading? Uh I I think that"}, {"start": "00:49:58", "end": "00:50:04", "text": "it's never going to stop and Mastercard"}, {"start": "00:50:02", "end": "00:50:07", "text": "and some of these legacy players a lot"}, {"start": "00:50:04", "end": "00:50:10", "text": "of them are going to have their you know"}, {"start": "00:50:07", "end": "00:50:12", "text": "their spot protected as transactions do"}, {"start": "00:50:10", "end": "00:50:14", "text": "change to a slight degree to quicken"}, {"start": "00:50:12", "end": "00:50:16", "text": "them and we had sees portions of crypto"}, {"start": "00:50:14", "end": "00:50:20", "text": "and AI adopted into payment"}, {"start": "00:50:16", "end": "00:50:22", "text": "infrastructure. Visa Mastercard are in"}, {"start": "00:50:20", "end": "00:50:25", "text": "my mind kind of too big to fail at this"}, {"start": "00:50:22", "end": "00:50:27", "text": "point. So nibbling at the neckline is a"}, {"start": "00:50:25", "end": "00:50:29", "text": "good entry for that trade. Can I throw a"}, {"start": "00:50:27", "end": "00:50:31", "text": "thought your way? Why is she giving"}, {"start": "00:50:29", "end": "00:50:34", "text": "female Trump vibes?"}, {"start": "00:50:31", "end": "00:50:35", "text": ">> She does, doesn't she? Absolutely. Um,"}, {"start": "00:50:34", "end": "00:50:37", "text": "we should kind of superimpose their"}, {"start": "00:50:35", "end": "00:50:40", "text": "picture over each other just to see how"}, {"start": "00:50:37", "end": "00:50:41", "text": ">> the brow skin, the nose."}, {"start": "00:50:40", "end": "00:50:43", "text": ">> Yeah."}, {"start": "00:50:41", "end": "00:50:46", "text": ">> How does a politician look like this?"}, {"start": "00:50:43", "end": "00:50:47", "text": "Like, how do how do we end up this way?"}, {"start": "00:50:46", "end": "00:50:49", "text": ">> Age."}, {"start": "00:50:47", "end": "00:50:50", "text": ">> I mean, I know some people that are of"}, {"start": "00:50:49", "end": "00:50:52", "text": "age that aren't, you know, they don't"}, {"start": "00:50:50", "end": "00:50:54", "text": "look like ghouls. They don't look like"}, {"start": "00:50:52", "end": "00:50:55", "text": ">> I shouldn't have said ghoul. I I take"}, {"start": "00:50:54", "end": "00:50:58", "text": "back the word ghoul. He looks like a"}, {"start": "00:50:55", "end": "00:51:00", "text": "villain out of Harry Potter. He looks"}, {"start": "00:50:58", "end": "00:51:03", "text": "like a villain out of Harry Potter. And"}, {"start": "00:51:00", "end": "00:51:05", "text": ">> time marches inexorably on catching all"}, {"start": "00:51:03", "end": "00:51:05", "text": "within its wake."}, {"start": "00:51:05", "end": "00:51:06", "text": ">> Okay."}, {"start": "00:51:05", "end": "00:51:08", "text": ">> I don't know why I turned into that"}, {"start": "00:51:06", "end": "00:51:10", "text": "weird guy from the newscast. Yes. And"}, {"start": "00:51:08", "end": "00:51:12", "text": "then I went into the woods and I saw"}, {"start": "00:51:10", "end": "00:51:14", "text": "that person, you know, that old old Vine"}, {"start": "00:51:12", "end": "00:51:16", "text": "clip. Old old clip there."}, {"start": "00:51:14", "end": "00:51:17", "text": ">> Oh, I know the one. I"}, {"start": "00:51:16", "end": "00:51:19", "text": ">> should have got my Tik Tok feed like a"}, {"start": "00:51:17", "end": "00:51:21", "text": "year or two ago, too. Funny stuff. Uh"}, {"start": "00:51:19", "end": "00:51:22", "text": "let's talk about Zcash. This is bullish."}, {"start": "00:51:21", "end": "00:51:24", "text": "I'm not going to I'm just going to share"}, {"start": "00:51:22", "end": "00:51:25", "text": "the thesis from the headline here. We're"}, {"start": "00:51:24", "end": "00:51:28", "text": "not going to go into the article."}, {"start": "00:51:25", "end": "00:51:30", "text": "Foundry, big minor, Bitcoin, they they"}, {"start": "00:51:28", "end": "00:51:34", "text": "mine a lot of stuff here. They're doing"}, {"start": "00:51:30", "end": "00:51:37", "text": "a Zcash mining pool and it pump the hash"}, {"start": "00:51:34", "end": "00:51:39", "text": "rate 30% in the first month. All things"}, {"start": "00:51:37", "end": "00:51:41", "text": "being equal with electricity costs. When"}, {"start": "00:51:39", "end": "00:51:44", "text": "the hash rate goes up, it is more"}, {"start": "00:51:41", "end": "00:51:47", "text": "expensive to mine Zcash. And when it"}, {"start": "00:51:44", "end": "00:51:48", "text": "gets expensive to mine something, the"}, {"start": "00:51:47", "end": "00:51:51", "text": "miners don't want to sell it unless it's"}, {"start": "00:51:48", "end": "00:51:52", "text": "hitting that price. So, this is bullish"}, {"start": "00:51:51", "end": "00:51:55", "text": "for Zcash because it's going to make the"}, {"start": "00:51:52", "end": "00:51:57", "text": "mining more expensive, which means"}, {"start": "00:51:55", "end": "00:52:00", "text": "little less sell pressure. Let's check"}, {"start": "00:51:57", "end": "00:52:03", "text": "in on the chart."}, {"start": "00:52:00", "end": "00:52:05", "text": "So, we had some bare signs talking about"}, {"start": "00:52:03", "end": "00:52:07", "text": "this. You know, I got a little small"}, {"start": "00:52:05", "end": "00:52:10", "text": "forever bag, but you know, we were we"}, {"start": "00:52:07", "end": "00:52:11", "text": "were early on Zcash. We got out, you"}, {"start": "00:52:10", "end": "00:52:13", "text": "know, pretty good time here. Kept"}, {"start": "00:52:11", "end": "00:52:15", "text": "telling you about the topping tails, the"}, {"start": "00:52:13", "end": "00:52:17", "text": "bottoming tails. This right here is a"}, {"start": "00:52:15", "end": "00:52:18", "text": "topping tail. I' I've said the word five"}, {"start": "00:52:17", "end": "00:52:21", "text": "10 times today's stream. I haven't"}, {"start": "00:52:18", "end": "00:52:23", "text": "really described it. Topping tail at the"}, {"start": "00:52:21", "end": "00:52:26", "text": "top or the bottom of a market where your"}, {"start": "00:52:23", "end": "00:52:30", "text": "tail is at least 50% of the candle"}, {"start": "00:52:26", "end": "00:52:32", "text": "length. Preferably 75% but 50% you're"}, {"start": "00:52:30", "end": "00:52:35", "text": "still in there. So we had a topping"}, {"start": "00:52:32", "end": "00:52:37", "text": "tail. We had bearish engulfing candles."}, {"start": "00:52:35", "end": "00:52:39", "text": "Uh right here, right here on the top. So"}, {"start": "00:52:37", "end": "00:52:42", "text": "we couldn't wick higher. This candle"}, {"start": "00:52:39", "end": "00:52:45", "text": "fully engulf this. Fully engulf that."}, {"start": "00:52:42", "end": "00:52:47", "text": "It's only two. Two is a start though."}, {"start": "00:52:45", "end": "00:52:49", "text": "You want three more, but two is good."}, {"start": "00:52:47", "end": "00:52:52", "text": "So, bearish engulfing candle plus uh"}, {"start": "00:52:49", "end": "00:52:53", "text": "equals bearish catalyst. Also, another"}, {"start": "00:52:52", "end": "00:52:55", "text": "one, I didn't have it on here. Lower"}, {"start": "00:52:53", "end": "00:52:57", "text": "highs. One, two, three, four, five, like"}, {"start": "00:52:55", "end": "00:52:59", "text": "six lower highs. That's not good. That's"}, {"start": "00:52:57", "end": "00:53:00", "text": "not good. So, all of that was bearish."}, {"start": "00:52:59", "end": "00:53:03", "text": "So, where are we at today, Drew? That's"}, {"start": "00:53:00", "end": "00:53:06", "text": "That's the qu question here. That's the"}, {"start": "00:53:03", "end": "00:53:08", "text": "two That's the $362 question."}, {"start": "00:53:06", "end": "00:53:11", "text": ">> Well, Drew, I couldn't help but not to"}, {"start": "00:53:08", "end": "00:53:14", "text": "something. Don't tell me it's gonna It"}, {"start": "00:53:11", "end": "00:53:16", "text": "isn't gonna. Is it really gonna, Drew?"}, {"start": "00:53:14", "end": "00:53:19", "text": "Oh."}, {"start": "00:53:16", "end": "00:53:20", "text": "These channels are slapping"}, {"start": "00:53:19", "end": "00:53:21", "text": ">> slapping slapping hard."}, {"start": "00:53:20", "end": "00:53:23", "text": ">> Okay,"}, {"start": "00:53:21", "end": "00:53:25", "text": ">> right now it's trying to break out. It"}, {"start": "00:53:23", "end": "00:53:27", "text": "has failed one, two, three, three and a"}, {"start": "00:53:25", "end": "00:53:29", "text": "half, four and a half, five and a half"}, {"start": "00:53:27", "end": "00:53:31", "text": "times. But Drew, if if you run down a"}, {"start": "00:53:29", "end": "00:53:33", "text": "hallway in of an apartment complex and"}, {"start": "00:53:31", "end": "00:53:36", "text": "you bang on four and a half doors, five"}, {"start": "00:53:33", "end": "00:53:37", "text": "and a half doors, you know, the more"}, {"start": "00:53:36", "end": "00:53:39", "text": "doors you start banging, the more likely"}, {"start": "00:53:37", "end": "00:53:41", "text": "it's going to open wide open, baby."}, {"start": "00:53:39", "end": "00:53:43", "text": ">> Yeah, true. And then you hear a boom."}, {"start": "00:53:41", "end": "00:53:46", "text": "Um, you know, maybe in Atlanta you'd"}, {"start": "00:53:43", "end": "00:53:48", "text": "hear a boom after that door open."}, {"start": "00:53:46", "end": "00:53:50", "text": ">> Well, where we live in the sticks, yeah,"}, {"start": "00:53:48", "end": "00:53:52", "text": "you're hearing you're hearing all types"}, {"start": "00:53:50", "end": "00:53:55", "text": "of noises. We have a little bit of a"}, {"start": "00:53:52", "end": "00:53:56", "text": "bull flag potential. I mean, to me, I"}, {"start": "00:53:55", "end": "00:53:59", "text": "think the flag goes for a little bit"}, {"start": "00:53:56", "end": "00:54:00", "text": "longer, you know? I mean, that's that's"}, {"start": "00:53:59", "end": "00:54:02", "text": "I guess you can make it look a little"}, {"start": "00:54:00", "end": "00:54:04", "text": "bit better on the 4 hour. Yeah, it looks"}, {"start": "00:54:02", "end": "00:54:07", "text": "a little bit better. All right, so let's"}, {"start": "00:54:04", "end": "00:54:07", "text": "check our target."}, {"start": "00:54:08", "end": "00:54:12", "text": "And you can talk me into the start of"}, {"start": "00:54:09", "end": "00:54:13", "text": "the pole here versus here. You can also"}, {"start": "00:54:12", "end": "00:54:16", "text": "talk me into it starting here. So, this"}, {"start": "00:54:13", "end": "00:54:18", "text": "is a bullish target. This is the longest"}, {"start": "00:54:16", "end": "00:54:19", "text": "possible flag pole length. That'd be a"}, {"start": "00:54:18", "end": "00:54:20", "text": "little bit shorter. That'd be a little"}, {"start": "00:54:19", "end": "00:54:23", "text": "bit shorter."}, {"start": "00:54:20", "end": "00:54:25", "text": ">> That gives us $530"}, {"start": "00:54:23", "end": "00:54:27", "text": "Zcash. How does this play out to the"}, {"start": "00:54:25", "end": "00:54:30", "text": "rest?"}, {"start": "00:54:27", "end": "00:54:33", "text": ">> Uh, it' be a slightly lower high."}, {"start": "00:54:30", "end": "00:54:36", "text": ">> Yeah. Yep. That's not too unreasonable."}, {"start": "00:54:33", "end": "00:54:37", "text": "I mean, privacy is picking up steam. you"}, {"start": "00:54:36", "end": "00:54:40", "text": "know, privacy is definitely picking up"}, {"start": "00:54:37", "end": "00:54:42", "text": "steam. Even Cardono in the midnight play"}, {"start": "00:54:40", "end": "00:54:44", "text": "were able to have some action out of the"}, {"start": "00:54:42", "end": "00:54:47", "text": "the privacy play. So, it shows that"}, {"start": "00:54:44", "end": "00:54:48", "text": "privacy interest is definitely there. Uh"}, {"start": "00:54:47", "end": "00:54:51", "text": "oh, Lord, we're going to look at"}, {"start": "00:54:48", "end": "00:54:53", "text": ">> people talk about big tensor"}, {"start": "00:54:51", "end": "00:54:55", "text": "a couple narratives here. So, we got a"}, {"start": "00:54:53", "end": "00:54:57", "text": "little bit of a the drunken head and"}, {"start": "00:54:55", "end": "00:54:59", "text": "shoulders"}, {"start": "00:54:57", "end": "00:55:00", "text": ">> and it does look like we failed at the"}, {"start": "00:54:59", "end": "00:55:01", "text": "neckline."}, {"start": "00:55:00", "end": "00:55:04", "text": ">> I mean, I guess you could say the"}, {"start": "00:55:01", "end": "00:55:06", "text": "neckline is more like this. Where did"}, {"start": "00:55:04", "end": "00:55:11", "text": "this shoulder go?"}, {"start": "00:55:06", "end": "00:55:13", "text": "Okay. Yeah. I mean, you could say,"}, {"start": "00:55:11", "end": "00:55:16", "text": "yeah, this is this is not this is losing"}, {"start": "00:55:13", "end": "00:55:17", "text": "the head and shoulder structure."}, {"start": "00:55:16", "end": "00:55:20", "text": ">> I I'd say maybe there's a little bit of"}, {"start": "00:55:17", "end": "00:55:22", "text": "a hope here because this daily still has"}, {"start": "00:55:20", "end": "00:55:23", "text": "eight hours to close. So, maybe it"}, {"start": "00:55:22", "end": "00:55:26", "text": "closes a little bit closer to this green"}, {"start": "00:55:23", "end": "00:55:28", "text": "candle. So, if it can close higher,"}, {"start": "00:55:26", "end": "00:55:30", "text": "we'll we'll we'll leave it up for now."}, {"start": "00:55:28", "end": "00:55:33", "text": "But, this is very close to just no"}, {"start": "00:55:30", "end": "00:55:36", "text": "longer being valid. Uh that flag ended"}, {"start": "00:55:33", "end": "00:55:37", "text": "up not playing out and"}, {"start": "00:55:36", "end": "00:55:39", "text": "just looks like it's losing some"}, {"start": "00:55:37", "end": "00:55:41", "text": "momentum here. What does the RSI look"}, {"start": "00:55:39", "end": "00:55:44", "text": "like? Yeah, that's Oh yeah, we point out"}, {"start": "00:55:41", "end": "00:55:46", "text": "the bearish divergence on the daily."}, {"start": "00:55:44", "end": "00:55:47", "text": "That's not good on TA. So yeah, this was"}, {"start": "00:55:46", "end": "00:55:50", "text": "a bearish signal right here. I didn't"}, {"start": "00:55:47", "end": "00:55:52", "text": "realize I pulled up the RSI."}, {"start": "00:55:50", "end": "00:55:55", "text": "Uh as of now though, I mean, we can zoom"}, {"start": "00:55:52", "end": "00:55:56", "text": "into the 4 hour."}, {"start": "00:55:55", "end": "00:55:59", "text": "uh"}, {"start": "00:55:56", "end": "00:56:01", "text": "little bit of some bullishness on the 4"}, {"start": "00:55:59", "end": "00:56:03", "text": "hour, but I don't really like to flip my"}, {"start": "00:56:01", "end": "00:56:05", "text": "script until we see it on the 3-day."}, {"start": "00:56:03", "end": "00:56:07", "text": "Now, this is good for swing trades, but"}, {"start": "00:56:05", "end": "00:56:11", "text": "this isn't good for like macro reversal,"}, {"start": "00:56:07", "end": "00:56:15", "text": ">> right? Like my spot buying targets have"}, {"start": "00:56:11", "end": "00:56:17", "text": "been and remain 120 to 150 bucks. Like,"}, {"start": "00:56:15", "end": "00:56:19", "text": "anything in that range, I'm fine for"}, {"start": "00:56:17", "end": "00:56:22", "text": "buying spot. Other than that, it's going"}, {"start": "00:56:19", "end": "00:56:25", "text": "to be involved in a trade. And I am so"}, {"start": "00:56:22", "end": "00:56:28", "text": "mad I got stopped out three times"}, {"start": "00:56:25", "end": "00:56:28", "text": "shorting it at $372."}, {"start": "00:56:28", "end": "00:56:29", "text": "That"}, {"start": "00:56:28", "end": "00:56:31", "text": ">> I remember."}, {"start": "00:56:29", "end": "00:56:33", "text": ">> So that was ridiculous. You were in the"}, {"start": "00:56:31", "end": "00:56:35", "text": "office as the candle. It like went up"}, {"start": "00:56:33", "end": "00:56:38", "text": "slightly, wicked me out, and then just"}, {"start": "00:56:35", "end": "00:56:39", "text": "it's been all downhill ever since. But"}, {"start": "00:56:38", "end": "00:56:41", "text": "is what it is. Can't get lucky if you"}, {"start": "00:56:39", "end": "00:56:41", "text": "ain't at the fair. That's what my pops"}, {"start": "00:56:41", "end": "00:56:43", "text": "always."}, {"start": "00:56:41", "end": "00:56:45", "text": ">> Uh this is Wild Tether is about to do a"}, {"start": "00:56:43", "end": "00:56:48", "text": "wallet and they're going to try to make"}, {"start": "00:56:45", "end": "00:56:49", "text": "it easy by the the wallet addresses are"}, {"start": "00:56:48", "end": "00:56:51", "text": "going to be names. How do they do it?"}, {"start": "00:56:49", "end": "00:56:54", "text": "It's like Tether or something. Oh, yeah."}, {"start": "00:56:51", "end": "00:56:55", "text": "Name atte."}, {"start": "00:56:54", "end": "00:56:56", "text": "And so this is going to have Bitcoin."}, {"start": "00:56:55", "end": "00:56:58", "text": "It's going to have their like Tether"}, {"start": "00:56:56", "end": "00:57:00", "text": "Gold. Uh, it's going to have their"}, {"start": "00:56:58", "end": "00:57:02", "text": "Tether stable coins of course there. I"}, {"start": "00:57:00", "end": "00:57:06", "text": "think they have Tether wrap Bitcoin. Do"}, {"start": "00:57:02", "end": "00:57:07", "text": "they not? USDT, UST, X. No, it's just"}, {"start": "00:57:06", "end": "00:57:09", "text": "the wrap gold. Oh, and Bitcoin. Yeah."}, {"start": "00:57:07", "end": "00:57:11", "text": "Okay. So, I thought they I thought they"}, {"start": "00:57:09", "end": "00:57:14", "text": "did. So, they're going to be transacting"}, {"start": "00:57:11", "end": "00:57:15", "text": "with a new wallet. Good for them. I"}, {"start": "00:57:14", "end": "00:57:17", "text": "don't know how many people are like, I"}, {"start": "00:57:15", "end": "00:57:19", "text": "need a Tether wallet. I don't know how"}, {"start": "00:57:17", "end": "00:57:22", "text": "many people are ask, you know, screaming"}, {"start": "00:57:19", "end": "00:57:25", "text": "that into the sky. Let's talk about XRP,"}, {"start": "00:57:22", "end": "00:57:27", "text": "the RSI looking at a little bit of a"}, {"start": "00:57:25", "end": "00:57:29", "text": "bull or a golden cross here."}, {"start": "00:57:27", "end": "00:57:29", "text": ">> We have the XRP chart."}, {"start": "00:57:29", "end": "00:57:31", "text": ">> Uhoh."}, {"start": "00:57:29", "end": "00:57:33", "text": ">> Pull up XRP."}, {"start": "00:57:31", "end": "00:57:35", "text": ">> Here they come. Here come the XRP army."}, {"start": "00:57:33", "end": "00:57:38", "text": "I could feel the ground rumbling."}, {"start": "00:57:35", "end": "00:57:40", "text": ">> I mean, we ran out of room and we broke"}, {"start": "00:57:38", "end": "00:57:42", "text": "to the upside. My prediction, we're not"}, {"start": "00:57:40", "end": "00:57:44", "text": "going to quite hit this. Wicked above,"}, {"start": "00:57:42", "end": "00:57:46", "text": "wicked into. We're going to wick below."}, {"start": "00:57:44", "end": "00:57:48", "text": "as of now. Still looking kind of good"}, {"start": "00:57:46", "end": "00:57:49", "text": "for this prediction. You know, it's just"}, {"start": "00:57:48", "end": "00:57:50", "text": "happening closer to the end versus right"}, {"start": "00:57:49", "end": "00:57:52", "text": "here."}, {"start": "00:57:50", "end": "00:57:54", "text": ">> Uh XRP,"}, {"start": "00:57:52", "end": "00:57:55", "text": "I don't know. I'm I'm more like almost"}, {"start": "00:57:54", "end": "00:57:57", "text": "neutral on this one. Oh, yeah. There was"}, {"start": "00:57:55", "end": "00:57:59", "text": "one thing I want to show you this on the"}, {"start": "00:57:57", "end": "00:58:02", "text": "2hour."}, {"start": "00:57:59", "end": "00:58:04", "text": "Oh, no. This is no longer Well, you"}, {"start": "00:58:02", "end": "00:58:06", "text": "could maybe make an argument for a"}, {"start": "00:58:04", "end": "00:58:09", "text": "little bit of a bull flag and then it"}, {"start": "00:58:06", "end": "00:58:11", "text": "looks like it tried to break out,"}, {"start": "00:58:09", "end": "00:58:14", "text": "failed. Maybe coming in for the retest"}, {"start": "00:58:11", "end": "00:58:16", "text": "before it bounces maybe. But yeah, this"}, {"start": "00:58:14", "end": "00:58:19", "text": "is a two-hour candle. This was not there"}, {"start": "00:58:16", "end": "00:58:20", "text": "when I was doing TA this morning."}, {"start": "00:58:19", "end": "00:58:23", "text": "I mean, it's pretty good level up here."}, {"start": "00:58:20", "end": "00:58:26", "text": "It's It's that local high right there."}, {"start": "00:58:23", "end": "00:58:27", "text": "XRP mixed bag mixed bag of emotions"}, {"start": "00:58:26", "end": "00:58:29", "text": "probably for the holders, too. It's a"}, {"start": "00:58:27", "end": "00:58:30", "text": "mixed bag of emotions every time you"}, {"start": "00:58:29", "end": "00:58:32", "text": "think about it."}, {"start": "00:58:30", "end": "00:58:34", "text": ">> Yeah. And it's a massive market cap of"}, {"start": "00:58:32", "end": "00:58:36", "text": "an altcoin in a bare market. So, that's"}, {"start": "00:58:34", "end": "00:58:39", "text": "why I'm just like, you know, I'm careful"}, {"start": "00:58:36", "end": "00:58:42", "text": "about XR. And honestly, like I try to"}, {"start": "00:58:39", "end": "00:58:45", "text": "stay away from XRP because I don't like"}, {"start": "00:58:42", "end": "00:58:47", "text": "it and I make choices based off emotion,"}, {"start": "00:58:45", "end": "00:58:50", "text": "but I will become begrudgingly rich if"}, {"start": "00:58:47", "end": "00:58:53", "text": "it does go to stupid high targets"}, {"start": "00:58:50", "end": "00:58:55", "text": "because there just so happens to be I"}, {"start": "00:58:53", "end": "00:58:57", "text": "have too much exposure to XRP and I'm"}, {"start": "00:58:55", "end": "00:58:59", "text": "annoyed with it as a project. I've just"}, {"start": "00:58:57", "end": "00:59:01", "text": "been in crypto long enough where, you"}, {"start": "00:58:59", "end": "00:59:03", "text": "know, mistakes were made in a wallet I"}, {"start": "00:59:01", "end": "00:59:04", "text": "control and now I just let it sit there"}, {"start": "00:59:03", "end": "00:59:06", "text": "and, you know,"}, {"start": "00:59:04", "end": "00:59:09", "text": ">> Yeah. mistakes were made with a wallet I"}, {"start": "00:59:06", "end": "00:59:10", "text": "control. below that classic crypto line."}, {"start": "00:59:09", "end": "00:59:12", "text": "Uh if you're wondering about the"}, {"start": "00:59:10", "end": "00:59:13", "text": "parallel range on the daily, still looks"}, {"start": "00:59:12", "end": "00:59:15", "text": "good."}, {"start": "00:59:13", "end": "00:59:17", "text": ">> Maybe it's going to reject off this"}, {"start": "00:59:15", "end": "00:59:20", "text": "midway point. Rejected, rejected, broke"}, {"start": "00:59:17", "end": "00:59:22", "text": "through, rejected on the top, acted as"}, {"start": "00:59:20", "end": "00:59:25", "text": "support, fell below, then rejected"}, {"start": "00:59:22", "end": "00:59:27", "text": "again. The odds favor a rejection on the"}, {"start": "00:59:25", "end": "00:59:29", "text": "midpoint. Not saying it doesn't have to"}, {"start": "00:59:27", "end": "00:59:31", "text": "go through it, but the odds are favoring"}, {"start": "00:59:29", "end": "00:59:35", "text": "a little bit of a pullback right around"}, {"start": "00:59:31", "end": "00:59:37", "text": "142. So, I'm putting a question mark on"}, {"start": "00:59:35", "end": "00:59:39", "text": "this one. I'm not saying go, you know,"}, {"start": "00:59:37", "end": "00:59:43", "text": "do it. You need to see the the state of"}, {"start": "00:59:39", "end": "00:59:45", "text": "affairs at the moment."}, {"start": "00:59:43", "end": "00:59:47", "text": ">> What would be super bearish for XRP is"}, {"start": "00:59:45", "end": "00:59:50", "text": "if I started being its champion. Then it"}, {"start": "00:59:47", "end": "00:59:53", "text": "will go to like 15 cents. So, I'm just"}, {"start": "00:59:50", "end": "00:59:55", "text": "going to keep yelling at it from my lawn"}, {"start": "00:59:53", "end": "00:59:58", "text": "on from my porch. You know, maybe it'll"}, {"start": "00:59:55", "end": "01:00:00", "text": "keep going up. Maybe the the cult is"}, {"start": "00:59:58", "end": "01:00:03", "text": "strong enough. Uh they haven't given up"}, {"start": "01:00:00", "end": "01:00:05", "text": "yet in this bare market clearly. Um, you"}, {"start": "01:00:03", "end": "01:00:07", "text": "know, so it's actually and honestly the"}, {"start": "01:00:05", "end": "01:00:09", "text": "the XRP to Bitcoin chart looks way"}, {"start": "01:00:07", "end": "01:00:11", "text": "better than vast majority of other"}, {"start": "01:00:09", "end": "01:00:13", "text": "altcoins. So they get their flowers"}, {"start": "01:00:11", "end": "01:00:14", "text": "where they're due. I I have to give them"}, {"start": "01:00:13", "end": "01:00:15", "text": "their flowers."}, {"start": "01:00:14", "end": "01:00:18", "text": ">> All right. Well, do you have to give"}, {"start": "01:00:15", "end": "01:00:20", "text": "Cardano their flowers? Still uh below"}, {"start": "01:00:18", "end": "01:00:22", "text": "the 50-day moving average."}, {"start": "01:00:20", "end": "01:00:24", "text": ">> I'm going to check back in on this one."}, {"start": "01:00:22", "end": "01:00:27", "text": "This one we're running out of time as"}, {"start": "01:00:24", "end": "01:00:29", "text": "well. How many days are we left here? So"}, {"start": "01:00:27", "end": "01:00:31", "text": "one, two,"}, {"start": "01:00:29", "end": "01:00:33", "text": "eight days. Eight days. You can make an"}, {"start": "01:00:31", "end": "01:00:36", "text": "argument for nine there. Tried to break"}, {"start": "01:00:33", "end": "01:00:38", "text": "below. Would not go below these wicks."}, {"start": "01:00:36", "end": "01:00:40", "text": "Tried to close here, but the next day"}, {"start": "01:00:38", "end": "01:00:43", "text": "shot to the upside. And you can see here"}, {"start": "01:00:40", "end": "01:00:44", "text": "the bears today try to bring it down. Uh"}, {"start": "01:00:43", "end": "01:00:47", "text": "but right now the bulls, you know,"}, {"start": "01:00:44", "end": "01:00:49", "text": "coming into control here a little bit."}, {"start": "01:00:47", "end": "01:00:52", "text": ">> Uh Cardano also at a mixed bag. I could"}, {"start": "01:00:49", "end": "01:00:56", "text": "pull up these moving averages."}, {"start": "01:00:52", "end": "01:00:58", "text": "So many indicators. This chart is very"}, {"start": "01:00:56", "end": "01:01:01", "text": "sleepy and I'm kind of concerned about"}, {"start": "01:00:58", "end": "01:01:05", "text": "sleepy charts when Bitcoin's up 6%. And"}, {"start": "01:01:01", "end": "01:01:07", "text": "ETH is up 10%. Like that starts making"}, {"start": "01:01:05", "end": "01:01:10", "text": "me feel a little bit queasy about stuff,"}, {"start": "01:01:07", "end": "01:01:13", "text": "you know. Um, and I I guess I should"}, {"start": "01:01:10", "end": "01:01:15", "text": "like do the fair comparison against TA"}, {"start": "01:01:13", "end": "01:01:19", "text": "because TA was shaving off in this"}, {"start": "01:01:15", "end": "01:01:20", "text": "environment. But, you know, Cardono I"}, {"start": "01:01:19", "end": "01:01:22", "text": "don't it needs something big to happen."}, {"start": "01:01:20", "end": "01:01:24", "text": "Yeah, we got to flip this 50-day moving"}, {"start": "01:01:22", "end": "01:01:25", "text": "average into support for sure. I mean,"}, {"start": "01:01:24", "end": "01:01:27", "text": "you can see how clean that rejection is"}, {"start": "01:01:25", "end": "01:01:28", "text": "off the 100 day moving average."}, {"start": "01:01:27", "end": "01:01:32", "text": ">> Mhm."}, {"start": "01:01:28", "end": "01:01:34", "text": ">> Yeah. Wait, was that the Yeah. Yeah. 50."}, {"start": "01:01:32", "end": "01:01:37", "text": "Wait a minute. Wait a minute. No, it's"}, {"start": "01:01:34", "end": "01:01:39", "text": "the 20. That's the 20. I said 50 because"}, {"start": "01:01:37", "end": "01:01:40", "text": "I'm just assuming No, it's below the"}, {"start": "01:01:39", "end": "01:01:41", "text": "20-day moving average."}, {"start": "01:01:40", "end": "01:01:43", "text": ">> Yeah."}, {"start": "01:01:41", "end": "01:01:46", "text": ">> And rejected off the 50."}, {"start": "01:01:43", "end": "01:01:49", "text": ">> And this is a day that ETH is up by 10%."}, {"start": "01:01:46", "end": "01:01:52", "text": "easy like you know old school alts and"}, {"start": "01:01:49", "end": "01:01:55", "text": "the you know altcoins of altcoins should"}, {"start": "01:01:52", "end": "01:01:58", "text": "be moving uh in tandem with ETH at least"}, {"start": "01:01:55", "end": "01:01:59", "text": "to a slight degree. Um so"}, {"start": "01:01:58", "end": "01:02:01", "text": ">> what's your thoughts here? Higher or"}, {"start": "01:01:59", "end": "01:02:04", "text": "lower chat? What's your thoughts here?"}, {"start": "01:02:01", "end": "01:02:05", "text": "Higher or lower?"}, {"start": "01:02:04", "end": "01:02:08", "text": ">> I mean we're hitting"}, {"start": "01:02:05", "end": "01:02:10", "text": ">> I gotta say slightly higher from here. I"}, {"start": "01:02:08", "end": "01:02:12", "text": "mean the markets I feel like the money"}, {"start": "01:02:10", "end": "01:02:15", "text": "flow is starting to flow back up but"}, {"start": "01:02:12", "end": "01:02:17", "text": "like you know how much higher is the"}, {"start": "01:02:15", "end": "01:02:19", "text": "question right in"}, {"start": "01:02:17", "end": "01:02:21", "text": ">> I mean we are yeah ADA is always a few"}, {"start": "01:02:19", "end": "01:02:23", "text": "days behind who said that uh yeah just"}, {"start": "01:02:21", "end": "01:02:25", "text": "Joe just Joe's just right there we're"}, {"start": "01:02:23", "end": "01:02:26", "text": "knocking on both sides of the doors here"}, {"start": "01:02:25", "end": "01:02:27", "text": "we're knocking on the left side of the"}, {"start": "01:02:26", "end": "01:02:29", "text": "hallway we're knocking on the right side"}, {"start": "01:02:27", "end": "01:02:31", "text": "of the hallway anybody can answer at"}, {"start": "01:02:29", "end": "01:02:32", "text": "this point anyone could answer"}, {"start": "01:02:31", "end": "01:02:33", "text": ">> right"}, {"start": "01:02:32", "end": "01:02:35", "text": ">> I do want to check on the stock market"}, {"start": "01:02:33", "end": "01:02:37", "text": "stock market is pumping today still"}, {"start": "01:02:35", "end": "01:02:39", "text": "let's look at the one hour man this"}, {"start": "01:02:37", "end": "01:02:42", "text": "thing is really running. Talking about"}, {"start": "01:02:39", "end": "01:02:44", "text": "that gap uh very quickly closed that gap"}, {"start": "01:02:42", "end": "01:02:47", "text": "there. Oh, wait a minute. So, we still"}, {"start": "01:02:44", "end": "01:02:48", "text": "have a target and so there's still a"}, {"start": "01:02:47", "end": "01:02:50", "text": "little bit of room to go here. I do want"}, {"start": "01:02:48", "end": "01:02:52", "text": "to highlight the trading discord. The"}, {"start": "01:02:50", "end": "01:02:54", "text": "trading discord was popping off this"}, {"start": "01:02:52", "end": "01:02:57", "text": "morning. Uh there was one loss. I wanted"}, {"start": "01:02:54", "end": "01:02:58", "text": "to make sure I show that because we got"}, {"start": "01:02:57", "end": "01:02:59", "text": "a lot of wins, too. So, we want to show"}, {"start": "01:02:58", "end": "01:03:01", "text": "you the wins. We want to show you the"}, {"start": "01:02:59", "end": "01:03:03", "text": "losses. You can see they're going long"}, {"start": "01:03:01", "end": "01:03:06", "text": "this morning. Uh and going long even"}, {"start": "01:03:03", "end": "01:03:08", "text": "before this range here. This is 4 am."}, {"start": "01:03:06", "end": "01:03:11", "text": "So, getting the longs in. So, if you got"}, {"start": "01:03:08", "end": "01:03:13", "text": "these longs in, congrats. And we'll"}, {"start": "01:03:11", "end": "01:03:16", "text": "we'll be checking in on those. A link"}, {"start": "01:03:13", "end": "01:03:17", "text": "long. Why did the chain link long not"}, {"start": "01:03:16", "end": "01:03:18", "text": "work?"}, {"start": "01:03:17", "end": "01:03:20", "text": ">> What the heck's going on with chain?"}, {"start": "01:03:18", "end": "01:03:22", "text": ">> All this patent and all this new news"}, {"start": "01:03:20", "end": "01:03:23", "text": "about chain link. Nothing helps. It just"}, {"start": "01:03:22", "end": "01:03:26", "text": "is accumulating. Like,"}, {"start": "01:03:23", "end": "01:03:26", "text": ">> it's just a channel, you know? It's"}, {"start": "01:03:26", "end": "01:03:28", "text": "like,"}, {"start": "01:03:26", "end": "01:03:28", "text": ">> well, it looks like it rejected off our"}, {"start": "01:03:28", "end": "01:03:31", "text": "range."}, {"start": "01:03:28", "end": "01:03:32", "text": ">> Yeah. Yeah. It's in accumulation mode,"}, {"start": "01:03:31", "end": "01:03:35", "text": "man. Hey, we got all these altcoins way"}, {"start": "01:03:32", "end": "01:03:36", "text": "up today and Chainlink just said, \"No, I"}, {"start": "01:03:35", "end": "01:03:37", "text": "don't think so.\""}, {"start": "01:03:36", "end": "01:03:39", "text": ">> Yeah,"}, {"start": "01:03:37", "end": "01:03:41", "text": ">> it is interesting though. It rejects off"}, {"start": "01:03:39", "end": "01:03:44", "text": "our parallel range."}, {"start": "01:03:41", "end": "01:03:46", "text": ">> Mhm. It accumulates for a long time in"}, {"start": "01:03:44", "end": "01:03:48", "text": "bare markets. So,"}, {"start": "01:03:46", "end": "01:03:50", "text": ">> you know, just keep that in mind."}, {"start": "01:03:48", "end": "01:03:52", "text": "There's got to be a long accumulation"}, {"start": "01:03:50", "end": "01:03:54", "text": "range played out on Chain Link before"}, {"start": "01:03:52", "end": "01:03:56", "text": "you finally see that move. May I just"}, {"start": "01:03:54", "end": "01:03:59", "text": "say uh the the quant more often right"}, {"start": "01:03:56", "end": "01:04:01", "text": "than wrong. But I like that"}, {"start": "01:03:59", "end": "01:04:03", "text": ">> chain link listened to DZY. Didn't"}, {"start": "01:04:01", "end": "01:04:04", "text": "listen to the quant today."}, {"start": "01:04:03", "end": "01:04:06", "text": ">> Yeah,"}, {"start": "01:04:04", "end": "01:04:08", "text": ">> but wait a minute. I was bearish."}, {"start": "01:04:06", "end": "01:04:10", "text": ">> No, no, it's supposed to listen to the"}, {"start": "01:04:08", "end": "01:04:11", "text": "bullish person, not the bearish person."}, {"start": "01:04:10", "end": "01:04:13", "text": "Well, you're getting it all wrong there."}, {"start": "01:04:11", "end": "01:04:16", "text": "You're getting all wrong. Uh I did want"}, {"start": "01:04:13", "end": "01:04:18", "text": "to highlight Drew. Uh you talked about"}, {"start": "01:04:16", "end": "01:04:20", "text": "Klein. How's that going? I don't know if"}, {"start": "01:04:18", "end": "01:04:23", "text": "you have that pulled up or anything."}, {"start": "01:04:20", "end": "01:04:26", "text": "Well, I like on Klein, I think it's"}, {"start": "01:04:23", "end": "01:04:28", "text": "important to have an option because"}, {"start": "01:04:26", "end": "01:04:29", "text": "people, you know, I know how it is. A"}, {"start": "01:04:28", "end": "01:04:31", "text": "few like four or five years ago when I"}, {"start": "01:04:29", "end": "01:04:33", "text": "looked at someone trading, a"}, {"start": "01:04:31", "end": "01:04:35", "text": "professional trader, they'd have"}, {"start": "01:04:33", "end": "01:04:38", "text": "thousands of dollars and so their 20%"}, {"start": "01:04:35", "end": "01:04:40", "text": "move would be $1,000 of the day. line"}, {"start": "01:04:38", "end": "01:04:42", "text": "allows you you can spend like I think"}, {"start": "01:04:40", "end": "01:04:46", "text": "it's $55"}, {"start": "01:04:42", "end": "01:04:48", "text": "and qualify in trade well and keep your"}, {"start": "01:04:46", "end": "01:04:50", "text": "stop-loss tight so that you only have"}, {"start": "01:04:48", "end": "01:04:53", "text": "that max draw down of 6% on the trading"}, {"start": "01:04:50", "end": "01:04:55", "text": "portfolio and then once you pass it you"}, {"start": "01:04:53", "end": "01:04:59", "text": "get funded by $5,000"}, {"start": "01:04:55", "end": "01:05:01", "text": "paying $55 to pass an evaluation. We got"}, {"start": "01:04:59", "end": "01:05:03", "text": "a lot of armchair coaches out in crypto."}, {"start": "01:05:01", "end": "01:05:04", "text": "They're like, \"Oh, I would have done"}, {"start": "01:05:03", "end": "01:05:07", "text": "this or I would have done that.\" You"}, {"start": "01:05:04", "end": "01:05:09", "text": "know what? If you're actually calling"}, {"start": "01:05:07", "end": "01:05:11", "text": "the market correctly, but you don't have"}, {"start": "01:05:09", "end": "01:05:14", "text": "the capital to start going and you don't"}, {"start": "01:05:11", "end": "01:05:15", "text": "have the capital to really become a"}, {"start": "01:05:14", "end": "01:05:18", "text": "professional trader, but you're making"}, {"start": "01:05:15", "end": "01:05:20", "text": "the calls the correct way, Klein is a"}, {"start": "01:05:18", "end": "01:05:22", "text": "great place to go prove it and go get"}, {"start": "01:05:20", "end": "01:05:26", "text": "funded so that you can actually make"}, {"start": "01:05:22", "end": "01:05:28", "text": "that,000 $2,000 a day. I mean, uh, Crank"}, {"start": "01:05:26", "end": "01:05:31", "text": "is in here. I think he's cleared $25,000"}, {"start": "01:05:28", "end": "01:05:34", "text": "or something like that. Yeah, 22K today."}, {"start": "01:05:31", "end": "01:05:37", "text": "Um, once you get the rhythm of trading,"}, {"start": "01:05:34", "end": "01:05:39", "text": "things can start changing. Your mindset"}, {"start": "01:05:37", "end": "01:05:42", "text": "of how you view money changes completely"}, {"start": "01:05:39", "end": "01:05:44", "text": "and entirely. And I would, you know,"}, {"start": "01:05:42", "end": "01:05:46", "text": "recommend for anyone that's an armchair"}, {"start": "01:05:44", "end": "01:05:48", "text": "coach out there that's been correct"}, {"start": "01:05:46", "end": "01:05:50", "text": "about their prediction and pointing to"}, {"start": "01:05:48", "end": "01:05:53", "text": "the television to go put your rubber to"}, {"start": "01:05:50", "end": "01:05:56", "text": "the road, decline, and put down the 55"}, {"start": "01:05:53", "end": "01:05:57", "text": "bucks to try to get that $5,000 account."}, {"start": "01:05:56", "end": "01:05:58", "text": "That's what I would say."}, {"start": "01:05:57", "end": "01:06:00", "text": ">> There you go."}, {"start": "01:05:58", "end": "01:06:02", "text": ">> Yeah. And we got a link down below and"}, {"start": "01:06:00", "end": "01:06:03", "text": "there's a code for you folks and the"}, {"start": "01:06:02", "end": "01:06:05", "text": "code is going to be right at the link."}, {"start": "01:06:03", "end": "01:06:07", "text": "So go check out Klein if you haven't"}, {"start": "01:06:05", "end": "01:06:08", "text": "already. Want to give him a big shout"}, {"start": "01:06:07", "end": "01:06:11", "text": "out uh for helping uh you know helping"}, {"start": "01:06:08", "end": "01:06:12", "text": "out the show here. But Drew, that is all"}, {"start": "01:06:11", "end": "01:06:13", "text": "I have for today. Any other charts you"}, {"start": "01:06:12", "end": "01:06:15", "text": "wanted to share?"}, {"start": "01:06:13", "end": "01:06:18", "text": ">> I mean I you know this morning I was"}, {"start": "01:06:15", "end": "01:06:20", "text": "trying to do a uh insurance short when"}, {"start": "01:06:18", "end": "01:06:22", "text": "but I set the stop loss tight and the"}, {"start": "01:06:20", "end": "01:06:26", "text": "trend kept moving up. So, I decided to"}, {"start": "01:06:22", "end": "01:06:30", "text": "enter in a long uh just a moment ago,"}, {"start": "01:06:26", "end": "01:06:33", "text": "really. And I'm up, $700 or $1,17."}, {"start": "01:06:30", "end": "01:06:34", "text": "Uh so, you know, these things can happen"}, {"start": "01:06:33", "end": "01:06:36", "text": "quick. And now what I'll do just to make"}, {"start": "01:06:34", "end": "01:06:38", "text": "sure I don't get my head bludgeoned in"}, {"start": "01:06:36", "end": "01:06:40", "text": "is I'm going to set the stop loss right"}, {"start": "01:06:38", "end": "01:06:42", "text": "at entry point. Nice little happy point."}, {"start": "01:06:40", "end": "01:06:44", "text": "And see if this can uh keep pumping."}, {"start": "01:06:42", "end": "01:06:46", "text": "Man, things are looking bullish and"}, {"start": "01:06:44", "end": "01:06:49", "text": "there's a lot of volatility. We got"}, {"start": "01:06:46", "end": "01:06:52", "text": "rejected at 76 clean. So, I'm just"}, {"start": "01:06:49", "end": "01:06:54", "text": "playing within this uh range right now"}, {"start": "01:06:52", "end": "01:06:56", "text": "and I'm treating it as a range until uh"}, {"start": "01:06:54", "end": "01:06:58", "text": "proven otherwise, man. So, kind of what"}, {"start": "01:06:56", "end": "01:07:00", "text": "I'm doing. All right. And just one last"}, {"start": "01:06:58", "end": "01:07:02", "text": "look at the trading Discord. It did"}, {"start": "01:07:00", "end": "01:07:06", "text": "start to put in some shorts. That's just"}, {"start": "01:07:02", "end": "01:07:08", "text": "uh 30 minutes ago, 11:06 a.m. And there"}, {"start": "01:07:06", "end": "01:07:11", "text": "was that link uh loss there. But a nice"}, {"start": "01:07:08", "end": "01:07:14", "text": "nice string of wins right there. You can"}, {"start": "01:07:11", "end": "01:07:16", "text": "see it's 2 and two, 5 and two. Uh yeah."}, {"start": "01:07:14", "end": "01:07:18", "text": "Woo. That's a nice one right there. So,"}, {"start": "01:07:16", "end": "01:07:19", "text": "more wins than losses. And that's the"}, {"start": "01:07:18", "end": "01:07:21", "text": "name of the game when it comes to"}, {"start": "01:07:19", "end": "01:07:24", "text": "trading. No one is going to have 100%"}, {"start": "01:07:21", "end": "01:07:26", "text": "accuracy, but we do try to teach each"}, {"start": "01:07:24", "end": "01:07:28", "text": "other and talk amongst ourselves. You"}, {"start": "01:07:26", "end": "01:07:30", "text": "can go down, we have a Discord trading"}, {"start": "01:07:28", "end": "01:07:32", "text": "link below if you want to trade on Zumax"}, {"start": "01:07:30", "end": "01:07:34", "text": "or any of our partners or trade on Klein"}, {"start": "01:07:32", "end": "01:07:36", "text": "and John Dalton channel, the John Dalton"}, {"start": "01:07:34", "end": "01:07:38", "text": "Trades channel. Very, very good channel."}, {"start": "01:07:36", "end": "01:07:40", "text": "So, I highly recommend you go check out"}, {"start": "01:07:38", "end": "01:07:42", "text": "that one as well. That's all we got for"}, {"start": "01:07:40", "end": "01:07:44", "text": "today. Thank you for joining everybody"}, {"start": "01:07:42", "end": "01:07:46", "text": "and we'll see you folks in the future."}, {"start": "01:07:44", "end": "01:07:48", "text": "Smash the like button on. We just wanted"}, {"start": "01:07:46", "end": "01:07:50", "text": "to take a quick second to shout out our"}, {"start": "01:07:48", "end": "01:07:51", "text": "sponsor, Arculus. They are a cold"}, {"start": "01:07:50", "end": "01:07:53", "text": "storage hardware wallet. Helps you"}, {"start": "01:07:51", "end": "01:07:54", "text": "secure all of your digital assets for"}, {"start": "01:07:53", "end": "01:07:56", "text": "the future. Just tap this thing to the"}, {"start": "01:07:54", "end": "01:07:57", "text": "back of your phone and boom, you're in."}, {"start": "01:07:56", "end": "01:07:59", "text": "We wouldn't be able to do this without"}, {"start": "01:07:57", "end": "01:08:01", "text": "them, but also wouldn't be able to do"}, {"start": "01:07:59", "end": "01:08:02", "text": "this without you guys, the Disco fam."}, {"start": "01:08:01", "end": "01:08:04", "text": "You've supported us a lot over the"}, {"start": "01:08:02", "end": "01:08:06", "text": "years. If you want to support the"}, {"start": "01:08:04", "end": "01:08:09", "text": "channel now, just use the code DC20. It"}, {"start": "01:08:06", "end": "01:08:10", "text": "gets you 20% off this card. It's the"}, {"start": "01:08:09", "end": "01:08:12", "text": "number one way you can support this"}, {"start": "01:08:10", "end": "01:08:15", "text": "channel going forward. Thank you for"}, {"start": "01:08:12", "end": "01:08:15", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "What's the total of global assets? And I"}, {"start": "00:00:02", "end": "00:00:06", "text": "mean the total total. I'm saying real"}, {"start": "00:00:03", "end": "00:00:07", "text": "estate, bonds, stock market, cash,"}, {"start": "00:00:06", "end": "00:00:10", "text": "everything. Well, there's roughly a"}, {"start": "00:00:07", "end": "00:00:12", "text": "quadrillion dollars in global assets."}, {"start": "00:00:10", "end": "00:00:14", "text": "But if I were to invest in something, I"}, {"start": "00:00:12", "end": "00:00:15", "text": "would invest in that little blip right"}, {"start": "00:00:14", "end": "00:00:17", "text": "there. It's almost hard to see. It's not"}, {"start": "00:00:15", "end": "00:00:19", "text": "art, cars, or collectibles. It's not"}, {"start": "00:00:17", "end": "00:00:21", "text": "even gold. It's Bitcoin. Of the"}, {"start": "00:00:19", "end": "00:00:24", "text": "quadrillion dollars, Bitcoin is only"}, {"start": "00:00:21", "end": "00:00:27", "text": "0.2% of that. You're not early, you're"}, {"start": "00:00:24", "end": "00:00:27", "text": "absurdly early."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "The general macro is quite scary right"}, {"start": "00:00:03", "end": "00:00:09", "text": "now. My target is um low 50s. It's"}, {"start": "00:00:07", "end": "00:00:10", "text": "pretty easy to see that happening over"}, {"start": "00:00:09", "end": "00:00:12", "text": "the next 7 months."}, {"start": "00:00:10", "end": "00:00:14", "text": ">> Do you have a short list of altcoins"}, {"start": "00:00:12", "end": "00:00:16", "text": "that you're still bullish on despite"}, {"start": "00:00:14", "end": "00:00:18", "text": "market conditions?"}, {"start": "00:00:16", "end": "00:00:20", "text": ">> Uh so I was actually just doing this"}, {"start": "00:00:18", "end": "00:00:22", "text": "research uh which altcoins actually"}, {"start": "00:00:20", "end": "00:00:25", "text": "outperformed Bitcoin. I think the"}, {"start": "00:00:22", "end": "00:00:28", "text": "clarity app will be it will come out"}, {"start": "00:00:25", "end": "00:00:30", "text": "like actually very soon. Hopefully, we"}, {"start": "00:00:28", "end": "00:00:33", "text": "get it in the next month or two and then"}, {"start": "00:00:30", "end": "00:00:35", "text": "you'll see a like a big shift."}, {"start": "00:00:33", "end": "00:00:39", "text": ">> Do you think Ethereum hits $10,000 in"}, {"start": "00:00:35", "end": "00:00:42", "text": "the next three years?"}, {"start": "00:00:39", "end": "00:00:43", "text": ">> 3 years."}, {"start": "00:00:42", "end": "00:00:47", "text": ">> 2028."}, {"start": "00:00:43", "end": "00:00:50", "text": ">> Uh h or 2029."}, {"start": "00:00:47", "end": "00:00:51", "text": "just like doing a 2x on the all-time"}, {"start": "00:00:50", "end": "00:00:55", "text": "high,"}, {"start": "00:00:51", "end": "00:00:57", "text": "but 4x from here and then that will be"}, {"start": "00:00:55", "end": "00:00:58", "text": ">> Yeah, I'm curious to I don't know if you"}, {"start": "00:00:57", "end": "00:01:01", "text": "want to start with macro before we get"}, {"start": "00:00:58", "end": "00:01:03", "text": "into crypto. How do you think is the"}, {"start": "00:01:01", "end": "00:01:06", "text": "economy good? Is the economy bad? Is it"}, {"start": "00:01:03", "end": "00:01:10", "text": "getting better? What are your thoughts?"}, {"start": "00:01:06", "end": "00:01:12", "text": ">> Well, um I don't work at the BLS, but"}, {"start": "00:01:10", "end": "00:01:17", "text": "according to them, um you know,"}, {"start": "00:01:12", "end": "00:01:20", "text": "unemployment is okay. and uh comparing"}, {"start": "00:01:17", "end": "00:01:23", "text": "uh well the economy really for our"}, {"start": "00:01:20", "end": "00:01:27", "text": "crypto folks is uh what has to do with"}, {"start": "00:01:23", "end": "00:01:30", "text": "employment and jobs numbers and how they"}, {"start": "00:01:27", "end": "00:01:32", "text": "uh impact the Fed rate cuts. So on that"}, {"start": "00:01:30", "end": "00:01:34", "text": "front it actually seems it's doing okay"}, {"start": "00:01:32", "end": "00:01:37", "text": "because even though unemployment is"}, {"start": "00:01:34", "end": "00:01:39", "text": "still at what like 4.4"}, {"start": "00:01:37", "end": "00:01:41", "text": "um the Fed says hey this is within range"}, {"start": "00:01:39", "end": "00:01:44", "text": "for this year as long as it doesn't go"}, {"start": "00:01:41", "end": "00:01:47", "text": "up. So, uh, for our sake, let's just say"}, {"start": "00:01:44", "end": "00:01:50", "text": "it's good."}, {"start": "00:01:47", "end": "00:01:52", "text": ">> Interesting. Um, so to kind of get your"}, {"start": "00:01:50", "end": "00:01:54", "text": "thoughts and, you know, where you think"}, {"start": "00:01:52", "end": "00:01:56", "text": "crypto is going, are you more in the Tom"}, {"start": "00:01:54", "end": "00:01:58", "text": "Lee camp, the bottom's in, higher highs"}, {"start": "00:01:56", "end": "00:02:00", "text": "to come, or are you more in the Ben"}, {"start": "00:01:58", "end": "00:02:02", "text": "Cowan camp for your cycle still has yet"}, {"start": "00:02:00", "end": "00:02:04", "text": "to play out, a lower low is on the"}, {"start": "00:02:02", "end": "00:02:08", "text": "horizon?"}, {"start": "00:02:04", "end": "00:02:11", "text": ">> Uh, I'm in the Ben Cowan side. So, uh I"}, {"start": "00:02:08", "end": "00:02:13", "text": "think the"}, {"start": "00:02:11", "end": "00:02:17", "text": "in order to be very conservative and"}, {"start": "00:02:13", "end": "00:02:19", "text": "actually like make the portfolio um not"}, {"start": "00:02:17", "end": "00:02:21", "text": "draw down too much in the bare market, I"}, {"start": "00:02:19", "end": "00:02:25", "text": "want to give it as much time as it as I"}, {"start": "00:02:21", "end": "00:02:26", "text": "can to let it do its thing. So, usually,"}, {"start": "00:02:25", "end": "00:02:29", "text": "you know, that one year mark is very"}, {"start": "00:02:26", "end": "00:02:31", "text": "accurate. It has been the for the past"}, {"start": "00:02:29", "end": "00:02:34", "text": "three cycles. If you wait one year, you"}, {"start": "00:02:31", "end": "00:02:35", "text": "will find some sort of bottom. Um, so I"}, {"start": "00:02:34", "end": "00:02:37", "text": "don't want to call the shots too early"}, {"start": "00:02:35", "end": "00:02:40", "text": "and say, \"Hey, just because we went to"}, {"start": "00:02:37", "end": "00:02:42", "text": "what, 61K, it has to be the bottom.\" Um,"}, {"start": "00:02:40", "end": "00:02:46", "text": "I want to give it enough time. So, with"}, {"start": "00:02:42", "end": "00:02:48", "text": "that said, um, how far away from"}, {"start": "00:02:46", "end": "00:02:51", "text": "are we from 72K to a, you know, dip"}, {"start": "00:02:48", "end": "00:02:54", "text": "below 60K? It's pretty easy to see that"}, {"start": "00:02:51", "end": "00:02:56", "text": "happening over the next seven months."}, {"start": "00:02:54", "end": "00:02:58", "text": ">> Yeah. And so is that um your point of"}, {"start": "00:02:56", "end": "00:03:00", "text": "view that you know a lower low is going"}, {"start": "00:02:58", "end": "00:03:03", "text": "to come sometime in the next several"}, {"start": "00:03:00", "end": "00:03:05", "text": "months. Is that purely from a um you"}, {"start": "00:03:03", "end": "00:03:06", "text": "know a time point of view and like the"}, {"start": "00:03:05", "end": "00:03:08", "text": "structure of the market was broken so"}, {"start": "00:03:06", "end": "00:03:10", "text": "now we just need to it's just all about"}, {"start": "00:03:08", "end": "00:03:14", "text": "time."}, {"start": "00:03:10", "end": "00:03:15", "text": "So I think um two things uh if we are"}, {"start": "00:03:14", "end": "00:03:17", "text": "purely talking about crypto the"}, {"start": "00:03:15", "end": "00:03:20", "text": "four-year cycle is really uncanny at"}, {"start": "00:03:17", "end": "00:03:23", "text": "this point. It's pretty scary. So you"}, {"start": "00:03:20", "end": "00:03:24", "text": "want to give it some credit. Um it's it"}, {"start": "00:03:23", "end": "00:03:27", "text": "just doesn't get the month right, but it"}, {"start": "00:03:24", "end": "00:03:30", "text": "gets the timing very right. Uh I think"}, {"start": "00:03:27", "end": "00:03:34", "text": "also the just the general macro is quite"}, {"start": "00:03:30", "end": "00:03:36", "text": "scary right now. um even with this whole"}, {"start": "00:03:34", "end": "00:03:37", "text": "Iranian, you know, ceasefire and"}, {"start": "00:03:36", "end": "00:03:41", "text": "everything that they're trying to work"}, {"start": "00:03:37", "end": "00:03:43", "text": "out, uh there's no way of helping the"}, {"start": "00:03:41", "end": "00:03:46", "text": "upcoming inflation prince and the fact"}, {"start": "00:03:43", "end": "00:03:49", "text": "that the Fed is unable to act at least"}, {"start": "00:03:46", "end": "00:03:52", "text": "till um Kevin Walsh comes in and he has"}, {"start": "00:03:49", "end": "00:03:56", "text": "a couple FOMC meetings under his belt."}, {"start": "00:03:52", "end": "00:03:58", "text": "So that is uh from now until miday. So"}, {"start": "00:03:56", "end": "00:04:02", "text": "no rate cuts until then at least. And"}, {"start": "00:03:58", "end": "00:04:03", "text": "then uh usually when the new fetchure"}, {"start": "00:04:02", "end": "00:04:06", "text": "comes in, they don't make a drastic"}, {"start": "00:04:03", "end": "00:04:09", "text": "change and especially with inflation"}, {"start": "00:04:06", "end": "00:04:10", "text": "very high and that's is that's been the"}, {"start": "00:04:09", "end": "00:04:13", "text": "overarching theme that the Fed has been"}, {"start": "00:04:10", "end": "00:04:14", "text": "acting on. It's hard to see like a war"}, {"start": "00:04:13", "end": "00:04:16", "text": "coming in and say, \"Hey, I don't care."}, {"start": "00:04:14", "end": "00:04:19", "text": "Um even though inflation is high, I'm"}, {"start": "00:04:16", "end": "00:04:21", "text": "going to cut rates anyways.\" Um so I"}, {"start": "00:04:19", "end": "00:04:25", "text": "think we got to wait through this entire"}, {"start": "00:04:21", "end": "00:04:29", "text": "period and let the drag uh effect of the"}, {"start": "00:04:25", "end": "00:04:32", "text": "war um the conflict and oil price fully"}, {"start": "00:04:29", "end": "00:04:34", "text": "propagate through the markets. Uh and"}, {"start": "00:04:32", "end": "00:04:37", "text": "that's going to take at least two months"}, {"start": "00:04:34", "end": "00:04:41", "text": "at least two uh"}, {"start": "00:04:37", "end": "00:04:43", "text": "PC prints. So that's yeah we're looking"}, {"start": "00:04:41", "end": "00:04:46", "text": "at at least June at this point. Then"}, {"start": "00:04:43", "end": "00:04:47", "text": "from now until then either it's choppy"}, {"start": "00:04:46", "end": "00:04:49", "text": "or you know you could see some more"}, {"start": "00:04:47", "end": "00:04:51", "text": "downside if people react negatively to"}, {"start": "00:04:49", "end": "00:04:53", "text": "anything else."}, {"start": "00:04:51", "end": "00:04:55", "text": ">> So from like a time point of view you"}, {"start": "00:04:53", "end": "00:04:57", "text": "said sometime in the next 7 months. So"}, {"start": "00:04:55", "end": "00:04:59", "text": "sometime this year you think a lower low"}, {"start": "00:04:57", "end": "00:05:01", "text": "will be in. Um I mean if we're following"}, {"start": "00:04:59", "end": "00:05:02", "text": "the four-year cycle one would think if"}, {"start": "00:05:01", "end": "00:05:05", "text": "it played out perfectly it would be"}, {"start": "00:05:02", "end": "00:05:07", "text": "around October. Um do you have a more"}, {"start": "00:05:05", "end": "00:05:09", "text": "specific time frame in mind when you"}, {"start": "00:05:07", "end": "00:05:11", "text": "think that bottom will happen and do you"}, {"start": "00:05:09", "end": "00:05:15", "text": "have a price target?"}, {"start": "00:05:11", "end": "00:05:18", "text": "So I actually don't have a uh time"}, {"start": "00:05:15", "end": "00:05:21", "text": "frame. I don't have an exact date or"}, {"start": "00:05:18", "end": "00:05:22", "text": "exact month even. Um the way I look at"}, {"start": "00:05:21", "end": "00:05:26", "text": "the"}, {"start": "00:05:22", "end": "00:05:29", "text": "um the market really the"}, {"start": "00:05:26", "end": "00:05:32", "text": "fourear cycles the bare market years uh"}, {"start": "00:05:29", "end": "00:05:34", "text": "in terms of seasonality"}, {"start": "00:05:32", "end": "00:05:35", "text": "it could fluctuate by like even one"}, {"start": "00:05:34", "end": "00:05:37", "text": "month and then you're completely off"}, {"start": "00:05:35", "end": "00:05:40", "text": "because there only 12 months in the"}, {"start": "00:05:37", "end": "00:05:42", "text": "entire bare market. So, uh, if you're"}, {"start": "00:05:40", "end": "00:05:43", "text": "unsure and then you have to say, oh,"}, {"start": "00:05:42", "end": "00:05:46", "text": "it's a certain quarter, then you might"}, {"start": "00:05:43", "end": "00:05:48", "text": "as well just disregard that and say from"}, {"start": "00:05:46", "end": "00:05:50", "text": "now until, you know, the end of the"}, {"start": "00:05:48", "end": "00:05:54", "text": "year. U, what I think is interesting is"}, {"start": "00:05:50", "end": "00:05:57", "text": "right around the, um, midterm election"}, {"start": "00:05:54", "end": "00:05:59", "text": "uh, month, shortly after the midterm"}, {"start": "00:05:57", "end": "00:06:03", "text": "election month, the markets draw down."}, {"start": "00:05:59", "end": "00:06:05", "text": "And this isn't just for uh, Bitcoin."}, {"start": "00:06:03", "end": "00:06:09", "text": "It's overall how the market tends to"}, {"start": "00:06:05", "end": "00:06:11", "text": "react. and that has some has more uh"}, {"start": "00:06:09", "end": "00:06:12", "text": "historical data on it. So that's"}, {"start": "00:06:11", "end": "00:06:14", "text": "interesting and we are in a midterm"}, {"start": "00:06:12", "end": "00:06:18", "text": "election year. Uh midterm election this"}, {"start": "00:06:14", "end": "00:06:20", "text": "year is November 9th I think. And so"}, {"start": "00:06:18", "end": "00:06:22", "text": "that's why people say hey you got to be"}, {"start": "00:06:20", "end": "00:06:24", "text": "careful in October, November, which I"}, {"start": "00:06:22", "end": "00:06:26", "text": "agree like uh but even when you look at"}, {"start": "00:06:24", "end": "00:06:29", "text": "that data point, sometimes it's right"}, {"start": "00:06:26", "end": "00:06:31", "text": "before the midterm election, sometimes"}, {"start": "00:06:29", "end": "00:06:34", "text": "it's after, but the midterm election is"}, {"start": "00:06:31", "end": "00:06:38", "text": "usually the first week to two weeks of"}, {"start": "00:06:34", "end": "00:06:40", "text": "November. So it's very hard to time it"}, {"start": "00:06:38", "end": "00:06:44", "text": "precisely to say it's before it's after"}, {"start": "00:06:40", "end": "00:06:46", "text": "it's right right at"}, {"start": "00:06:44", "end": "00:06:49", "text": ">> but as far as a a price J like because"}, {"start": "00:06:46", "end": "00:06:52", "text": "Bitcoin's already down 50% if it hits"}, {"start": "00:06:49", "end": "00:06:59", "text": "60K right so how much lower could it go"}, {"start": "00:06:52", "end": "00:07:02", "text": ">> uh my target is um low 50s so"}, {"start": "00:06:59", "end": "00:07:04", "text": "uh that's not saying like I don't hold"}, {"start": "00:07:02", "end": "00:07:07", "text": "any Bitcoin I hold a lot already and I"}, {"start": "00:07:04", "end": "00:07:09", "text": "just continue DCA But uh if we get into"}, {"start": "00:07:07", "end": "00:07:11", "text": "the low 50s, I'm not going to go like"}, {"start": "00:07:09", "end": "00:07:15", "text": "say, \"Hey, I'm going to wait any longer"}, {"start": "00:07:11", "end": "00:07:18", "text": "until the 40s because uh the past three"}, {"start": "00:07:15", "end": "00:07:21", "text": "cycles that 200 week SMA everyone"}, {"start": "00:07:18", "end": "00:07:24", "text": "already follows.\" Uh 2015"}, {"start": "00:07:21", "end": "00:07:27", "text": "it dropped to the 200E SMA, it bounced"}, {"start": "00:07:24", "end": "00:07:31", "text": "2018, it dropped there, it bounced. So"}, {"start": "00:07:27", "end": "00:07:34", "text": "that level right now is at 59K. And then"}, {"start": "00:07:31", "end": "00:07:39", "text": "last cycle because we had Luna and FTX"}, {"start": "00:07:34", "end": "00:07:43", "text": "uh price came down like 20% below the 59"}, {"start": "00:07:39", "end": "00:07:47", "text": "uh the 200 week SMA. So you take that"}, {"start": "00:07:43", "end": "00:07:51", "text": "level and you map it to uh 59Kish."}, {"start": "00:07:47", "end": "00:07:54", "text": "So roughly you if we have another FTX"}, {"start": "00:07:51", "end": "00:07:57", "text": "level event, we're looking at like 50K"}, {"start": "00:07:54", "end": "00:08:00", "text": "just under which I think it's unlikely."}, {"start": "00:07:57", "end": "00:08:03", "text": "So, anything below there from 50 to 59,"}, {"start": "00:08:00", "end": "00:08:04", "text": "that's like my sweet spot to say, \"Hey,"}, {"start": "00:08:03", "end": "00:08:06", "text": "like"}, {"start": "00:08:04", "end": "00:08:08", "text": ">> buy Bitcoin. This is the time to buy it"}, {"start": "00:08:06", "end": "00:08:10", "text": "very aggressively.\""}, {"start": "00:08:08", "end": "00:08:13", "text": ">> We appreciate you keeping things real"}, {"start": "00:08:10", "end": "00:08:15", "text": "with us, Dennis. Now, thinking past the"}, {"start": "00:08:13", "end": "00:08:17", "text": "next seven months, thinking past this"}, {"start": "00:08:15", "end": "00:08:20", "text": "year, let's say the bottom's in, are you"}, {"start": "00:08:17", "end": "00:08:24", "text": "still just as bullish on Bitcoin than"}, {"start": "00:08:20", "end": "00:08:26", "text": "you ever have been? um or are you"}, {"start": "00:08:24", "end": "00:08:28", "text": "worried about quantum or or tell me how"}, {"start": "00:08:26", "end": "00:08:30", "text": "do you think about it?"}, {"start": "00:08:28", "end": "00:08:33", "text": ">> Well, uh the quantum side is"}, {"start": "00:08:30", "end": "00:08:36", "text": "interesting. I've been just uh consuming"}, {"start": "00:08:33", "end": "00:08:40", "text": "content on both sides. Uh I'm not sure"}, {"start": "00:08:36", "end": "00:08:42", "text": "exactly where the um you know the"}, {"start": "00:08:40", "end": "00:08:43", "text": "incentives lie because there are people"}, {"start": "00:08:42", "end": "00:08:47", "text": "that are clearly investing and working"}, {"start": "00:08:43", "end": "00:08:48", "text": "on quantum. It is a real risk from uh"}, {"start": "00:08:47", "end": "00:08:50", "text": "some of the myths that I've heard"}, {"start": "00:08:48", "end": "00:08:54", "text": "because uh we're no longer in the"}, {"start": "00:08:50", "end": "00:08:56", "text": "pre-quantum stage where uh you know five"}, {"start": "00:08:54", "end": "00:09:00", "text": "six years ago people say hey I was in"}, {"start": "00:08:56", "end": "00:09:02", "text": "this camp uh if you break Bitcoin with"}, {"start": "00:09:00", "end": "00:09:04", "text": "quantum you will break all the banks you"}, {"start": "00:09:02", "end": "00:09:06", "text": "will break all of our messaging"}, {"start": "00:09:04", "end": "00:09:08", "text": "everything will be public um well that's"}, {"start": "00:09:06", "end": "00:09:10", "text": "actually a myth now because basically"}, {"start": "00:09:08", "end": "00:09:13", "text": "everything else on the internet has been"}, {"start": "00:09:10", "end": "00:09:15", "text": "upgraded to postquantum"}, {"start": "00:09:13", "end": "00:09:18", "text": "one of the few things left is Bitcoin."}, {"start": "00:09:15", "end": "00:09:21", "text": "So then it's now it's like um you know"}, {"start": "00:09:18", "end": "00:09:23", "text": "almost like all razor like why is it not"}, {"start": "00:09:21", "end": "00:09:25", "text": "being upgraded already if it everything"}, {"start": "00:09:23", "end": "00:09:28", "text": "else is and the answer is because"}, {"start": "00:09:25", "end": "00:09:31", "text": "there's consensus built in um it's not a"}, {"start": "00:09:28", "end": "00:09:33", "text": "just software upgrade it can be done uh"}, {"start": "00:09:31", "end": "00:09:36", "text": "but not only do you have to upgrade the"}, {"start": "00:09:33", "end": "00:09:38", "text": "wallet software uh to be postquantum but"}, {"start": "00:09:36", "end": "00:09:42", "text": "then you also have to distribute the"}, {"start": "00:09:38", "end": "00:09:44", "text": "wallets that are lost which uh they"}, {"start": "00:09:42", "end": "00:09:46", "text": "cannot uh upgrade by themselves. So, how"}, {"start": "00:09:44", "end": "00:09:49", "text": "do you distribute these coins? I think"}, {"start": "00:09:46", "end": "00:09:52", "text": "that's the big um issue that a lot of"}, {"start": "00:09:49", "end": "00:09:54", "text": "people are seeing coming up quite soon."}, {"start": "00:09:52", "end": "00:09:56", "text": "So, it's not breaking Bitcoin, it's just"}, {"start": "00:09:54", "end": "00:09:58", "text": "what do you do with the coins that the"}, {"start": "00:09:56", "end": "00:10:00", "text": "wallets that cannot be upgraded because"}, {"start": "00:09:58", "end": "00:10:01", "text": "they're lost,"}, {"start": "00:10:00", "end": "00:10:03", "text": ">> which is a lot. I mean, it gets bigger"}, {"start": "00:10:01", "end": "00:10:05", "text": "and bigger the the more value is accured"}, {"start": "00:10:03", "end": "00:10:07", "text": "on the Bitcoin network."}, {"start": "00:10:05", "end": "00:10:09", "text": ">> Um, so are you still bullish on Bitcoin"}, {"start": "00:10:07", "end": "00:10:12", "text": "looking forward?"}, {"start": "00:10:09", "end": "00:10:13", "text": ">> Oh, yeah, for sure. Uh, I think there"}, {"start": "00:10:12", "end": "00:10:15", "text": "will be something interesting with"}, {"start": "00:10:13", "end": "00:10:19", "text": "Bitcoin AI. That's that's my that's my"}, {"start": "00:10:15", "end": "00:10:22", "text": "gut um telling me because"}, {"start": "00:10:19", "end": "00:10:24", "text": "um there's a clear like token economy."}, {"start": "00:10:22", "end": "00:10:27", "text": "When I say token, like the AI token"}, {"start": "00:10:24", "end": "00:10:29", "text": "spend is going off like through the"}, {"start": "00:10:27", "end": "00:10:32", "text": "charts right now. Um"}, {"start": "00:10:29", "end": "00:10:36", "text": ">> AI is using crypto, you're saying? No,"}, {"start": "00:10:32", "end": "00:10:39", "text": "the AI um token for compute"}, {"start": "00:10:36", "end": "00:10:40", "text": "the the the to the tokens you spend on"}, {"start": "00:10:39", "end": "00:10:44", "text": "models"}, {"start": "00:10:40", "end": "00:10:47", "text": ">> uh like pricing that and you know who"}, {"start": "00:10:44", "end": "00:10:50", "text": "who are going to be the main controllers"}, {"start": "00:10:47", "end": "00:10:54", "text": "like the nation states what have you"}, {"start": "00:10:50", "end": "00:10:57", "text": "that um these tokens are priced in in in"}, {"start": "00:10:54", "end": "00:11:00", "text": "fiat value. And when you look at, you"}, {"start": "00:10:57", "end": "00:11:03", "text": "know, OpenAI, Anthropic, and uh yeah,"}, {"start": "00:11:00", "end": "00:11:04", "text": "basically the the two main ones, are"}, {"start": "00:11:03", "end": "00:11:06", "text": "they are all the tokens going to be"}, {"start": "00:11:04", "end": "00:11:09", "text": "priced in US dollars forever? I mean,"}, {"start": "00:11:06", "end": "00:11:12", "text": "that's that's like a interesting debate"}, {"start": "00:11:09", "end": "00:11:14", "text": "to have because this demand for AI is"}, {"start": "00:11:12", "end": "00:11:17", "text": "only going to accelerate and it's almost"}, {"start": "00:11:14", "end": "00:11:20", "text": "like the trading of new oil and are you"}, {"start": "00:11:17", "end": "00:11:23", "text": "going to only have oil in USD markets?"}, {"start": "00:11:20", "end": "00:11:27", "text": "And these things are not like who"}, {"start": "00:11:23", "end": "00:11:29", "text": "controls the supply and demand where"}, {"start": "00:11:27", "end": "00:11:32", "text": "um because everyone can can compete in"}, {"start": "00:11:29", "end": "00:11:34", "text": "this market now. So um you build a model"}, {"start": "00:11:32", "end": "00:11:36", "text": "but then are you going to price all that"}, {"start": "00:11:34", "end": "00:11:39", "text": "in USD? Yeah, I think something related"}, {"start": "00:11:36", "end": "00:11:40", "text": "to crypto like a global anti-censorship"}, {"start": "00:11:39", "end": "00:11:44", "text": "nobody controls it type of payment"}, {"start": "00:11:40", "end": "00:11:46", "text": "system could be tied into AI token"}, {"start": "00:11:44", "end": "00:11:48", "text": "pricing."}, {"start": "00:11:46", "end": "00:11:50", "text": ">> You say you're bullish on Bitcoin"}, {"start": "00:11:48", "end": "00:11:53", "text": "looking forward. Obviously, I presume"}, {"start": "00:11:50", "end": "00:11:54", "text": "you're still bullish on Ethereum, but"}, {"start": "00:11:53", "end": "00:11:56", "text": "you know, with everything going on in"}, {"start": "00:11:54", "end": "00:11:58", "text": "the world today, you know, Ethereum can"}, {"start": "00:11:56", "end": "00:12:00", "text": "upgrade, you know, postquantum. Um, from"}, {"start": "00:11:58", "end": "00:12:01", "text": "how how I understand it, with the"}, {"start": "00:12:00", "end": "00:12:03", "text": "Clarity Act and, you know, all the DeFi"}, {"start": "00:12:01", "end": "00:12:05", "text": "and stable coins coming on top of"}, {"start": "00:12:03", "end": "00:12:09", "text": "Ethereum. Are you more bullish on"}, {"start": "00:12:05", "end": "00:12:12", "text": "Ethereum or Bitcoin looking forward?"}, {"start": "00:12:09", "end": "00:12:13", "text": "Uh, Bitcoin. So, long-term definitely"}, {"start": "00:12:12", "end": "00:12:15", "text": "Bitcoin."}, {"start": "00:12:13", "end": "00:12:18", "text": "Ethereum,"}, {"start": "00:12:15", "end": "00:12:19", "text": "it really needed to outperform Bitcoin"}, {"start": "00:12:18", "end": "00:12:23", "text": "at least a little bit in this cycle, but"}, {"start": "00:12:19", "end": "00:12:26", "text": "it came so late that uh the whole chart"}, {"start": "00:12:23", "end": "00:12:28", "text": "of ETH BTC chart is out of whack now. Uh"}, {"start": "00:12:26", "end": "00:12:30", "text": "it should have bottomed in 2023, but"}, {"start": "00:12:28", "end": "00:12:33", "text": "then it bottomed in 2025 and now it's"}, {"start": "00:12:30", "end": "00:12:35", "text": "technically in an uptrend, but then like"}, {"start": "00:12:33", "end": "00:12:37", "text": "you see like Ethereum Foundation selling"}, {"start": "00:12:35", "end": "00:12:39", "text": "all the time like what's happening? Um,"}, {"start": "00:12:37", "end": "00:12:42", "text": "and then now they're trying to do this"}, {"start": "00:12:39", "end": "00:12:44", "text": "um, Glamsterdam like full 180, like"}, {"start": "00:12:42", "end": "00:12:47", "text": "we're not going to do L2s anymore. We're"}, {"start": "00:12:44", "end": "00:12:49", "text": "going to be hypers scalable. Uh, and"}, {"start": "00:12:47", "end": "00:12:52", "text": "then you have like Wall Street uh,"}, {"start": "00:12:49", "end": "00:12:54", "text": "tokenization which are supposedly all"}, {"start": "00:12:52", "end": "00:12:57", "text": "going to be on Ethereum. Uh, but is that"}, {"start": "00:12:54", "end": "00:12:58", "text": "good or bad? So"}, {"start": "00:12:57", "end": "00:13:00", "text": "quite a bit of uncertainty. It really"}, {"start": "00:12:58", "end": "00:13:02", "text": "looks like Ethereum is actually becoming"}, {"start": "00:13:00", "end": "00:13:05", "text": "the the silver to Bitcoin's gold, which"}, {"start": "00:13:02", "end": "00:13:06", "text": "is not the best positioning. It should"}, {"start": "00:13:05", "end": "00:13:08", "text": "should have been the oil, but now it's"}, {"start": "00:13:06", "end": "00:13:11", "text": "the silver. Uh, it'll be around and"}, {"start": "00:13:08", "end": "00:13:13", "text": "it'll it'll have its moments against"}, {"start": "00:13:11", "end": "00:13:15", "text": "Bitcoin, but I think longterm you I'm"}, {"start": "00:13:13", "end": "00:13:17", "text": "probably better off like just placing"}, {"start": "00:13:15", "end": "00:13:19", "text": "heavier bets in Bitcoin."}, {"start": "00:13:17", "end": "00:13:24", "text": "Interesting. Do do you think Ethereum"}, {"start": "00:13:19", "end": "00:13:27", "text": "hits $10,000 in the next three years?"}, {"start": "00:13:24", "end": "00:13:28", "text": ">> Three years."}, {"start": "00:13:27", "end": "00:13:32", "text": ">> 2028."}, {"start": "00:13:28", "end": "00:13:36", "text": ">> Uh, h or 2029."}, {"start": "00:13:32", "end": "00:13:41", "text": "like doing a 2x on the all-time high"}, {"start": "00:13:36", "end": "00:13:44", "text": "but 4x from here and then that would be"}, {"start": "00:13:41", "end": "00:13:47", "text": "uh well if Bitcoin goes very high 2028"}, {"start": "00:13:44", "end": "00:13:49", "text": "2029 yeah if Bitcoin is at 200k then"}, {"start": "00:13:47", "end": "00:13:52", "text": "yes"}, {"start": "00:13:49", "end": "00:13:55", "text": "uh but if Bitcoin is very slow then ETH"}, {"start": "00:13:52", "end": "00:13:58", "text": "will be much harder."}, {"start": "00:13:55", "end": "00:14:00", "text": "Yeah, I I think it's doable."}, {"start": "00:13:58", "end": "00:14:02", "text": "Do you have a short list of altcoins"}, {"start": "00:14:00", "end": "00:14:04", "text": "that you're still bullish on despite"}, {"start": "00:14:02", "end": "00:14:07", "text": "market conditions?"}, {"start": "00:14:04", "end": "00:14:09", "text": ">> Uh so I was actually just doing this"}, {"start": "00:14:07", "end": "00:14:13", "text": "research uh which altcoins actually"}, {"start": "00:14:09", "end": "00:14:17", "text": "outperformed Bitcoin by ratio. Um this"}, {"start": "00:14:13", "end": "00:14:19", "text": "cycle um what was it? Um"}, {"start": "00:14:17", "end": "00:14:21", "text": "AI coin number one AI coin from last"}, {"start": "00:14:19", "end": "00:14:24", "text": "cycle render actually outperformed"}, {"start": "00:14:21", "end": "00:14:27", "text": "Bitcoin and it made a new higher low in"}, {"start": "00:14:24", "end": "00:14:30", "text": "the bare market at least at the moment."}, {"start": "00:14:27", "end": "00:14:32", "text": "Fingers crossed. Uh, Tron out of the top"}, {"start": "00:14:30", "end": "00:14:34", "text": "top 20 coins is actually the best"}, {"start": "00:14:32", "end": "00:14:38", "text": "performer compared to Bitcoin. Very"}, {"start": "00:14:34", "end": "00:14:39", "text": "interesting. It basically has no fans in"}, {"start": "00:14:38", "end": "00:14:41", "text": "of our circles."}, {"start": "00:14:39", "end": "00:14:42", "text": ">> It had a huge Bitcoin uh market though,"}, {"start": "00:14:41", "end": "00:14:43", "text": "right?"}, {"start": "00:14:42", "end": "00:14:45", "text": ">> Yeah, maybe that's what it is. Maybe"}, {"start": "00:14:43", "end": "00:14:46", "text": "because Tedar is so dominant. That could"}, {"start": "00:14:45", "end": "00:14:50", "text": "be what it is."}, {"start": "00:14:46", "end": "00:14:52", "text": ">> Um, and then it skips my mind a little"}, {"start": "00:14:50", "end": "00:14:54", "text": "bit. But definitely AI coins like Bit"}, {"start": "00:14:52", "end": "00:14:56", "text": "Tensor is very strong, but Bit Tensor is"}, {"start": "00:14:54", "end": "00:14:59", "text": "a little bit too young still. It just"}, {"start": "00:14:56", "end": "00:15:02", "text": "went through its first having. Um, it"}, {"start": "00:14:59", "end": "00:15:04", "text": "has its pros and cons coming from that."}, {"start": "00:15:02", "end": "00:15:07", "text": "Usually a coin will survive like one and"}, {"start": "00:15:04", "end": "00:15:09", "text": "a half cycles. So, as long as it can"}, {"start": "00:15:07", "end": "00:15:13", "text": "last this bull market, it should do"}, {"start": "00:15:09", "end": "00:15:15", "text": "pretty well with AI being so strong. Um,"}, {"start": "00:15:13", "end": "00:15:18", "text": "yeah, those are good. Mainly AI coins,"}, {"start": "00:15:15", "end": "00:15:22", "text": "but AI coins, uh, most AI coins are"}, {"start": "00:15:18", "end": "00:15:24", "text": "still either too old or too new. Um, but"}, {"start": "00:15:22", "end": "00:15:26", "text": "I'm bullish on AI coins. You didn't say"}, {"start": "00:15:24", "end": "00:15:28", "text": "Salana. I was surprised last time you"}, {"start": "00:15:26", "end": "00:15:32", "text": "were here. Salana Ethereum Salana is"}, {"start": "00:15:28", "end": "00:15:36", "text": "what you told me. Uh Salana. Yes. So out"}, {"start": "00:15:32", "end": "00:15:40", "text": "of the the majors, so Ethereum, Solana,"}, {"start": "00:15:36", "end": "00:15:43", "text": "uh BMBB, XRP all held their lows"}, {"start": "00:15:40", "end": "00:15:45", "text": "compared to Bitcoin uh in their ratio in"}, {"start": "00:15:43", "end": "00:15:49", "text": "2022"}, {"start": "00:15:45", "end": "00:15:51", "text": "to 2023. So this was okay. Uh it's a"}, {"start": "00:15:49", "end": "00:15:53", "text": "good good thing to see. Ethereum's low"}, {"start": "00:15:51", "end": "00:15:56", "text": "came last year, but at least it bounced"}, {"start": "00:15:53", "end": "00:15:58", "text": "pretty hard. Uh, these are worth to"}, {"start": "00:15:56", "end": "00:16:02", "text": "hold, but I don't know if any of them"}, {"start": "00:15:58", "end": "00:16:03", "text": "are extremely strong. Um, because none"}, {"start": "00:16:02", "end": "00:16:05", "text": "of them really made new highs compared"}, {"start": "00:16:03", "end": "00:16:07", "text": "to Bitcoin except for Trong again out of"}, {"start": "00:16:05", "end": "00:16:10", "text": "the top 10, but I don't even have"}, {"start": "00:16:07", "end": "00:16:15", "text": "anything to say about it. Uh,"}, {"start": "00:16:10", "end": "00:16:18", "text": "those are good. Those are good bets of a"}, {"start": "00:16:15", "end": "00:16:21", "text": "um altcoin cycle. like when the time is"}, {"start": "00:16:18", "end": "00:16:22", "text": "right for all coins, these will do a"}, {"start": "00:16:21", "end": "00:16:24", "text": "period of outperformance compared to"}, {"start": "00:16:22", "end": "00:16:26", "text": "Bitcoin. But when we were talking about"}, {"start": "00:16:24", "end": "00:16:27", "text": "like just overall which coins are still"}, {"start": "00:16:26", "end": "00:16:30", "text": "undervalued, I don't think these are"}, {"start": "00:16:27", "end": "00:16:31", "text": "undervalued anymore."}, {"start": "00:16:30", "end": "00:16:33", "text": ">> Having nothing to do with a price"}, {"start": "00:16:31", "end": "00:16:35", "text": "prediction, do you have any predictions"}, {"start": "00:16:33", "end": "00:16:39", "text": "for the next, you know, year outlook?"}, {"start": "00:16:35", "end": "00:16:40", "text": "Something you think is going to happen?"}, {"start": "00:16:39", "end": "00:16:42", "text": "Uh"}, {"start": "00:16:40", "end": "00:16:44", "text": ">> year outlook as in like in crypto or"}, {"start": "00:16:42", "end": "00:16:47", "text": ">> Yeah. Well, in crypto or something that"}, {"start": "00:16:44", "end": "00:16:49", "text": "affects crypto."}, {"start": "00:16:47", "end": "00:16:51", "text": ">> So,"}, {"start": "00:16:49", "end": "00:16:55", "text": "uh I think the clarity app will be it"}, {"start": "00:16:51", "end": "00:16:56", "text": "will come out like actually very soon."}, {"start": "00:16:55", "end": "00:17:00", "text": "Hopefully, we get it in the next month"}, {"start": "00:16:56", "end": "00:17:03", "text": "or two and then you'll see a like a big"}, {"start": "00:17:00", "end": "00:17:05", "text": "shift even especially in our circles"}, {"start": "00:17:03", "end": "00:17:07", "text": "making content in in North America, you"}, {"start": "00:17:05", "end": "00:17:10", "text": "know, English speaking communities for"}, {"start": "00:17:07", "end": "00:17:12", "text": "crypto. You'll see some big things start"}, {"start": "00:17:10", "end": "00:17:16", "text": "to shift. Uh cuz most people still think"}, {"start": "00:17:12", "end": "00:17:19", "text": "that um crypto is very um they're being"}, {"start": "00:17:16", "end": "00:17:21", "text": "attacked by the SEC and and all of this,"}, {"start": "00:17:19", "end": "00:17:23", "text": "but they can do a lot already. They they"}, {"start": "00:17:21", "end": "00:17:25", "text": "are already putting together rules for"}, {"start": "00:17:23", "end": "00:17:28", "text": "easy fundraising for small projects. You"}, {"start": "00:17:25", "end": "00:17:30", "text": "don't have to do any filings. Uh the SEC"}, {"start": "00:17:28", "end": "00:17:34", "text": "wants to do this. It's just if the"}, {"start": "00:17:30", "end": "00:17:37", "text": "Clarity Act can get voted through soon."}, {"start": "00:17:34", "end": "00:17:40", "text": "um they even want to classify like"}, {"start": "00:17:37", "end": "00:17:42", "text": "memecoins and NFTts as not securities."}, {"start": "00:17:40", "end": "00:17:45", "text": "So we'll start to see a lot of debates"}, {"start": "00:17:42", "end": "00:17:46", "text": "of oh which memes are like digital"}, {"start": "00:17:45", "end": "00:17:49", "text": "commodities which are digital"}, {"start": "00:17:46", "end": "00:17:50", "text": "collectibles. They even talk about NFTs"}, {"start": "00:17:49", "end": "00:17:53", "text": "like crypto punks are digital"}, {"start": "00:17:50", "end": "00:17:57", "text": "collectibles in the SEC's framework. Uh"}, {"start": "00:17:53", "end": "00:18:00", "text": "and while everyone else uh in the trad"}, {"start": "00:17:57", "end": "00:18:01", "text": "world still say NFTs are scams. So"}, {"start": "00:18:00", "end": "00:18:03", "text": "there's a big disconnect and once the"}, {"start": "00:18:01", "end": "00:18:06", "text": "regulation is there, it's going to hit"}, {"start": "00:18:03", "end": "00:18:09", "text": "like kind of everything together and"}, {"start": "00:18:06", "end": "00:18:11", "text": "then it'll be very interesting for alts."}, {"start": "00:18:09", "end": "00:18:15", "text": "This clarity act is especially"}, {"start": "00:18:11", "end": "00:18:16", "text": "interesting for alts, not for Bitcoin."}, {"start": "00:18:15", "end": "00:18:19", "text": "So you think the Clarity Act will be a"}, {"start": "00:18:16", "end": "00:18:21", "text": "big deal and you think it will pass?"}, {"start": "00:18:19", "end": "00:18:23", "text": ">> Uh it's a huge deal. I don't know if it"}, {"start": "00:18:21", "end": "00:18:26", "text": "will pass because we're running very"}, {"start": "00:18:23", "end": "00:18:28", "text": "tight on schedule."}, {"start": "00:18:26", "end": "00:18:30", "text": ">> But, you know, if it passes, that you"}, {"start": "00:18:28", "end": "00:18:33", "text": "know, opens up the largest capital"}, {"start": "00:18:30", "end": "00:18:35", "text": "market in the world to crypto."}, {"start": "00:18:33", "end": "00:18:37", "text": ">> Hopefully. So, yeah. Because then you"}, {"start": "00:18:35", "end": "00:18:39", "text": "have like the 16 coins that are already"}, {"start": "00:18:37", "end": "00:18:41", "text": "digital commodities and then they want"}, {"start": "00:18:39", "end": "00:18:45", "text": "to put together this graduation"}, {"start": "00:18:41", "end": "00:18:47", "text": "framework for, you know, the large caps"}, {"start": "00:18:45", "end": "00:18:49", "text": "just among the top 100 to follow suit"}, {"start": "00:18:47", "end": "00:18:52", "text": "fit into one of these categories. you'll"}, {"start": "00:18:49", "end": "00:18:55", "text": "have like constant news like oh this"}, {"start": "00:18:52", "end": "00:18:58", "text": "network has achieved decentralization"}, {"start": "00:18:55", "end": "00:19:00", "text": "and the voter base validator base is"}, {"start": "00:18:58", "end": "00:19:02", "text": "good enough and then the SEC calls them"}, {"start": "00:19:00", "end": "00:19:05", "text": "a digital collectible or digital"}, {"start": "00:19:02", "end": "00:19:06", "text": "security a digital commodity now"}, {"start": "00:19:05", "end": "00:19:08", "text": "um those kind of headlines people are"}, {"start": "00:19:06", "end": "00:19:11", "text": "not expecting and they'll come out of"}, {"start": "00:19:08", "end": "00:19:13", "text": "clarity once we have it"}, {"start": "00:19:11", "end": "00:19:14", "text": ">> virtual Bacon thank you so much for"}, {"start": "00:19:13", "end": "00:19:17", "text": "coming on today and sharing your opinion"}, {"start": "00:19:14", "end": "00:19:18", "text": "with the altcoin daily audience I have"}, {"start": "00:19:17", "end": "00:19:21", "text": "one more question for you that'll go to"}, {"start": "00:19:18", "end": "00:19:23", "text": "alt altcoin daily members. But before we"}, {"start": "00:19:21", "end": "00:19:25", "text": "switch to that and I encourage everybody"}, {"start": "00:19:23", "end": "00:19:28", "text": "to follow virtual bacon, um final"}, {"start": "00:19:25", "end": "00:19:31", "text": "thoughts for the altcoin daily audience."}, {"start": "00:19:28", "end": "00:19:33", "text": "Uh just hang in there. I mean uh if"}, {"start": "00:19:31", "end": "00:19:35", "text": "anything holds your Bitcoin, I think"}, {"start": "00:19:33", "end": "00:19:38", "text": "that's a very easy thing to do right"}, {"start": "00:19:35", "end": "00:19:40", "text": "now. Uh everyone watching this must be"}, {"start": "00:19:38", "end": "00:19:43", "text": "um suffering in the bare market, but"}, {"start": "00:19:40", "end": "00:19:45", "text": "just know that this is usually what"}, {"start": "00:19:43", "end": "00:19:49", "text": "happens. And as long as you can conserve"}, {"start": "00:19:45", "end": "00:19:51", "text": "yourself, take the most uh safe way to"}, {"start": "00:19:49", "end": "00:19:54", "text": "handle your portfolio, focus on Bitcoin,"}, {"start": "00:19:51", "end": "00:19:55", "text": "once this period is over, that's when"}, {"start": "00:19:54", "end": "00:19:57", "text": "you know if you survive, you come out"}, {"start": "00:19:55", "end": "00:19:59", "text": "much brighter on the other side."}, {"start": "00:19:57", "end": "00:20:02", "text": ">> Thank you, Dennis. And let's switch over"}, {"start": "00:19:59", "end": "00:20:04", "text": "to members only for my final question,"}, {"start": "00:20:02", "end": "00:20:06", "text": "which is, you know, you have been in"}, {"start": "00:20:04", "end": "00:20:07", "text": "crypto and successful in crypto for"}, {"start": "00:20:06", "end": "00:20:10", "text": "quite some time. There are a lot of"}, {"start": "00:20:07", "end": "00:20:13", "text": "people who want to find success in"}, {"start": "00:20:10", "end": "00:20:16", "text": "crypto. Could you kind of take us"}, {"start": "00:20:13", "end": "00:20:21", "text": "through some practical doable strategies"}, {"start": "00:20:16", "end": "00:20:21", "text": "how to win going forward in the crypto"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "You have to ask yourself this question."}, {"start": "00:00:02", "end": "00:00:05", "text": "Where are the blockchain servers"}, {"start": "00:00:04", "end": "00:00:07", "text": "located?"}, {"start": "00:00:05", "end": "00:00:08", "text": ">> Major news today involving Bitcoin."}, {"start": "00:00:07", "end": "00:00:10", "text": ">> Who do you think is Satoshi Nakamoto?"}, {"start": "00:00:08", "end": "00:00:13", "text": ">> Well, I mean, they say that"}, {"start": "00:00:10", "end": "00:00:16", "text": ">> involving Solana in Elon Musk's X."}, {"start": "00:00:13", "end": "00:00:18", "text": ">> Essentially, if if if done right, the X"}, {"start": "00:00:16", "end": "00:00:19", "text": "would become half of the global"}, {"start": "00:00:18", "end": "00:00:21", "text": "financial system."}, {"start": "00:00:19", "end": "00:00:24", "text": ">> This will affect the crypto market. This"}, {"start": "00:00:21", "end": "00:00:27", "text": "does affect Bitcoin. And with the Iran"}, {"start": "00:00:24", "end": "00:00:30", "text": "war in full swing and as the Financial"}, {"start": "00:00:27", "end": "00:00:32", "text": "Times reported about a week ago, it's"}, {"start": "00:00:30", "end": "00:00:34", "text": "only Bitcoin stable coins or the yuan"}, {"start": "00:00:32", "end": "00:00:36", "text": "that they are accepting as payment in"}, {"start": "00:00:34", "end": "00:00:39", "text": "the straight of Hormuz. It's not a"}, {"start": "00:00:36", "end": "00:00:42", "text": "secret why the Bitcoin price is pushing"}, {"start": "00:00:39", "end": "00:00:45", "text": "upwards. Bloomberg today confirms Iran"}, {"start": "00:00:42", "end": "00:00:47", "text": "is moving billions in Bitcoin and crypto"}, {"start": "00:00:45", "end": "00:00:49", "text": "and the United States is starting to"}, {"start": "00:00:47", "end": "00:00:52", "text": "sanction crypto offramps."}, {"start": "00:00:49", "end": "00:00:54", "text": ">> And there is a great recent example. The"}, {"start": "00:00:52", "end": "00:00:57", "text": "US Treasury Department recently"}, {"start": "00:00:54", "end": "00:01:00", "text": "sanctioned uh a cryptocurrency exchange"}, {"start": "00:00:57", "end": "00:01:03", "text": "ZSEX that was being used at scale by the"}, {"start": "00:01:00", "end": "00:01:05", "text": "IRGC to launder a billion dollars which"}, {"start": "00:01:03", "end": "00:01:06", "text": "will go towards weapons proliferation"}, {"start": "00:01:05", "end": "00:01:10", "text": "and other types of destabilizing"}, {"start": "00:01:06", "end": "00:01:13", "text": "activity. Um and that was because uh"}, {"start": "00:01:10", "end": "00:01:15", "text": "TRM, OFAC, other types of entities were"}, {"start": "00:01:13", "end": "00:01:17", "text": "able to identify wallet addresses that"}, {"start": "00:01:15", "end": "00:01:19", "text": "were associated with the regime that was"}, {"start": "00:01:17", "end": "00:01:20", "text": "using this type of crypto"}, {"start": "00:01:19", "end": "00:01:23", "text": "infrastructure. Now, I did a little"}, {"start": "00:01:20", "end": "00:01:27", "text": "basic research and it looks like OFAC"}, {"start": "00:01:23", "end": "00:01:29", "text": "actually sanctioned ZX and Zed Xean back"}, {"start": "00:01:27", "end": "00:01:31", "text": "at the end of January. A little"}, {"start": "00:01:29", "end": "00:01:33", "text": "foreshadowing of what was to come. But"}, {"start": "00:01:31", "end": "00:01:35", "text": "it does not mean that Iran has stopped"}, {"start": "00:01:33", "end": "00:01:38", "text": "using crypto. It just means they're"}, {"start": "00:01:35", "end": "00:01:40", "text": "finding other ways. And let's understand"}, {"start": "00:01:38", "end": "00:01:42", "text": "the data. This is what the mainstream"}, {"start": "00:01:40", "end": "00:01:45", "text": "media won't share with you. that"}, {"start": "00:01:42", "end": "00:01:48", "text": "yesterday Bitcoin experienced one of the"}, {"start": "00:01:45", "end": "00:01:52", "text": "highest levels of realized profit so far"}, {"start": "00:01:48", "end": "00:01:56", "text": "this year at 1.14 billion. So this is"}, {"start": "00:01:52", "end": "00:01:58", "text": "major and realized profit means exactly"}, {"start": "00:01:56", "end": "00:02:01", "text": "how it sounds that investors were"}, {"start": "00:01:58", "end": "00:02:03", "text": "selling. Realizing profit meaning they"}, {"start": "00:02:01", "end": "00:02:06", "text": "were nervous meaning they were selling"}, {"start": "00:02:03", "end": "00:02:09", "text": "into the grindup. And why is that? Who"}, {"start": "00:02:06", "end": "00:02:12", "text": "is selling? because we know who's"}, {"start": "00:02:09", "end": "00:02:16", "text": "buying, Michael Sailor and Strategy are"}, {"start": "00:02:12", "end": "00:02:17", "text": "buying billions. So, as somebody, we're"}, {"start": "00:02:16", "end": "00:02:20", "text": "still trying to figure out who, but as"}, {"start": "00:02:17", "end": "00:02:23", "text": "somebody sells into the grind up, sells"}, {"start": "00:02:20", "end": "00:02:26", "text": "into the pump, Michael Sailor is buying"}, {"start": "00:02:23", "end": "00:02:29", "text": "those bags. But who's selling? It's the"}, {"start": "00:02:26", "end": "00:02:31", "text": "shortterm holders, the newbies. Yes,"}, {"start": "00:02:29", "end": "00:02:33", "text": "short-term holders remain highly"}, {"start": "00:02:31", "end": "00:02:35", "text": "sensitive to price movements. I mean,"}, {"start": "00:02:33", "end": "00:02:38", "text": "the charts speak for themselves."}, {"start": "00:02:35", "end": "00:02:41", "text": "Yesterday, as Bitcoin was testing the"}, {"start": "00:02:38", "end": "00:02:43", "text": "$75,000 level, it was short-term holders"}, {"start": "00:02:41", "end": "00:02:46", "text": "that significantly increased their"}, {"start": "00:02:43", "end": "00:02:48", "text": "Bitcoin flows to exchanges. The only"}, {"start": "00:02:46", "end": "00:02:50", "text": "reason you should have your Bitcoin on"}, {"start": "00:02:48", "end": "00:02:52", "text": "exchanges is if you're getting ready to"}, {"start": "00:02:50", "end": "00:02:54", "text": "sell, otherwise that should be put in"}, {"start": "00:02:52", "end": "00:02:58", "text": "cold storage. And within 24 hours, more"}, {"start": "00:02:54", "end": "00:03:00", "text": "than 65,000 BTC were sent to exchanges"}, {"start": "00:02:58", "end": "00:03:03", "text": "by short-term holders. The newbies are"}, {"start": "00:03:00", "end": "00:03:06", "text": "nervous. I get it. I understand. We've"}, {"start": "00:03:03", "end": "00:03:10", "text": "all been there. But this is how bottoms"}, {"start": "00:03:06", "end": "00:03:13", "text": "are formed. This is the transfer between"}, {"start": "00:03:10", "end": "00:03:16", "text": "the impatient to the patient. And"}, {"start": "00:03:13", "end": "00:03:19", "text": "breaking news for Elon Musk and X. X"}, {"start": "00:03:16", "end": "00:03:22", "text": "launches a new cash tag feature for"}, {"start": "00:03:19", "end": "00:03:24", "text": "stocks and crypto. So this was it. This"}, {"start": "00:03:22", "end": "00:03:27", "text": "was the big announcement the head of"}, {"start": "00:03:24", "end": "00:03:29", "text": "product at X has been teasing. He said a"}, {"start": "00:03:27", "end": "00:03:31", "text": "few days ago, crypto has had a rough"}, {"start": "00:03:29", "end": "00:03:35", "text": "year. Maybe we should launch something"}, {"start": "00:03:31", "end": "00:03:35", "text": "to fix it. And this was it."}, {"start": "00:04:00", "end": "00:04:06", "text": "And by the way, as Solana says, X"}, {"start": "00:04:03", "end": "00:04:08", "text": "hashtags are here powered by Sana and"}, {"start": "00:04:06", "end": "00:04:12", "text": "the X audience is huge. Essentially, if"}, {"start": "00:04:08", "end": "00:04:14", "text": "if done right, the X would be"}, {"start": "00:04:12", "end": "00:04:17", "text": "would serve people's financial needs to"}, {"start": "00:04:14", "end": "00:04:19", "text": "such a degree that over time it would"}, {"start": "00:04:17", "end": "00:04:20", "text": "become, I don't know, maybe half of the"}, {"start": "00:04:19", "end": "00:04:23", "text": "global financial system."}, {"start": "00:04:20", "end": "00:04:26", "text": ">> As stated by X's head of product, he"}, {"start": "00:04:23", "end": "00:04:27", "text": "says X has always been the best source"}, {"start": "00:04:26", "end": "00:04:30", "text": "of financial news for traders and"}, {"start": "00:04:27", "end": "00:04:33", "text": "investors. Billions of dollars are"}, {"start": "00:04:30", "end": "00:04:35", "text": "allocated every day based on what people"}, {"start": "00:04:33", "end": "00:04:37", "text": "read on Timeline. Today we're launching"}, {"start": "00:04:35", "end": "00:04:40", "text": "our new cash feature in the US and"}, {"start": "00:04:37", "end": "00:04:41", "text": "Canada on iPhone, bringing real time"}, {"start": "00:04:40", "end": "00:04:43", "text": "financial data to X."}, {"start": "00:04:41", "end": "00:04:45", "text": ">> Who do you think is Satoshi Nakamoto?"}, {"start": "00:04:43", "end": "00:04:48", "text": ">> The man who predicted the Iran war over"}, {"start": "00:04:45", "end": "00:04:51", "text": "a year ago is now predicting this."}, {"start": "00:04:48", "end": "00:04:53", "text": "Bitcoin is a CIA operation and one of"}, {"start": "00:04:51", "end": "00:04:56", "text": "the biggest scams. This is going viral"}, {"start": "00:04:53", "end": "00:04:58", "text": "right now off the Jack Neil podcast. Let"}, {"start": "00:04:56", "end": "00:04:59", "text": "me play you a clip then react. But I do"}, {"start": "00:04:58", "end": "00:05:01", "text": "think though it's important to take"}, {"start": "00:04:59", "end": "00:05:04", "text": "about 2 minutes and highlight sponsor of"}, {"start": "00:05:01", "end": "00:05:07", "text": "today's video, Commonwealth Union"}, {"start": "00:05:04", "end": "00:05:09", "text": "Blockchain. 56 nations under one"}, {"start": "00:05:07", "end": "00:05:12", "text": "network. By the way, if you like Solana,"}, {"start": "00:05:09", "end": "00:05:13", "text": "you'll like this. This is on Solana. But"}, {"start": "00:05:12", "end": "00:05:15", "text": "essentially, as they describe"}, {"start": "00:05:13", "end": "00:05:17", "text": "themselves, they put the global network"}, {"start": "00:05:15", "end": "00:05:21", "text": "of the Commonwealth Union, the"}, {"start": "00:05:17", "end": "00:05:23", "text": "Commonwealth of Nations of 2.6 billion"}, {"start": "00:05:21", "end": "00:05:25", "text": "people on chain. So for those of you who"}, {"start": "00:05:23", "end": "00:05:28", "text": "don't know the Commonwealth, the"}, {"start": "00:05:25", "end": "00:05:30", "text": "Commonwealth of Countries, it's pretty"}, {"start": "00:05:28", "end": "00:05:33", "text": "obvious, but essentially that is already"}, {"start": "00:05:30", "end": "00:05:36", "text": "an established network. The Commonwealth"}, {"start": "00:05:33", "end": "00:05:40", "text": "Union is an established global network"}, {"start": "00:05:36", "end": "00:05:43", "text": "with 12 million readers, a $19 trillion"}, {"start": "00:05:40", "end": "00:05:44", "text": "GDP footprint, and an international"}, {"start": "00:05:43", "end": "00:05:47", "text": "advisory board of presidents, prime"}, {"start": "00:05:44", "end": "00:05:49", "text": "ministers, and senior statesmen. So"}, {"start": "00:05:47", "end": "00:05:52", "text": "again, this is already established. It"}, {"start": "00:05:49", "end": "00:05:54", "text": "already has a huge combined GDP. and how"}, {"start": "00:05:52", "end": "00:05:58", "text": "they come in, how they describe"}, {"start": "00:05:54", "end": "00:06:00", "text": "themselves. The CWU token is created by"}, {"start": "00:05:58", "end": "00:06:03", "text": "Commonwealth Union Blockchain Network,"}, {"start": "00:06:00", "end": "00:06:05", "text": "an official vertical of Commonwealth"}, {"start": "00:06:03", "end": "00:06:08", "text": "Union. It is backed by his highness"}, {"start": "00:06:05", "end": "00:06:10", "text": "himself. I'm honestly not quite sure how"}, {"start": "00:06:08", "end": "00:06:13", "text": "to pronounce his name. I He's His"}, {"start": "00:06:10", "end": "00:06:15", "text": "Highness. And the goal is his goal is to"}, {"start": "00:06:13", "end": "00:06:17", "text": "advance excellence in global finance,"}, {"start": "00:06:15", "end": "00:06:20", "text": "strategic investment, wealth"}, {"start": "00:06:17", "end": "00:06:22", "text": "preservation, and innovative financial"}, {"start": "00:06:20", "end": "00:06:24", "text": "technology. So he has backed the"}, {"start": "00:06:22", "end": "00:06:26", "text": "Commonwealth Union blockchain"}, {"start": "00:06:24", "end": "00:06:28", "text": "represented by his highness. Again, I'll"}, {"start": "00:06:26", "end": "00:06:32", "text": "let you pronounce the name for yourself."}, {"start": "00:06:28", "end": "00:06:34", "text": "It puts the network on chain, opening up"}, {"start": "00:06:32", "end": "00:06:37", "text": "participation and crossborder commerce."}, {"start": "00:06:34", "end": "00:06:39", "text": "Obviously, this is very new. So my goal"}, {"start": "00:06:37", "end": "00:06:42", "text": "is going to be to keep tabs on this over"}, {"start": "00:06:39", "end": "00:06:46", "text": "the next 6 months, 8 months, 12 months."}, {"start": "00:06:42", "end": "00:06:49", "text": "But if you like RWAs, real world assets,"}, {"start": "00:06:46", "end": "00:06:50", "text": "you see the use case. If you believe in"}, {"start": "00:06:49", "end": "00:06:52", "text": "stable coins, you like this a"}, {"start": "00:06:50", "end": "00:06:55", "text": "commonwealth focused stable coin"}, {"start": "00:06:52", "end": "00:06:57", "text": "designed for crossber settlement across"}, {"start": "00:06:55", "end": "00:07:00", "text": "member nations and again we have stable"}, {"start": "00:06:57", "end": "00:07:02", "text": "coins now but this is purposebuilt"}, {"start": "00:07:00", "end": "00:07:04", "text": "purpose-built chain infrastructure. Now"}, {"start": "00:07:02", "end": "00:07:07", "text": "two things to note they make this very"}, {"start": "00:07:04", "end": "00:07:09", "text": "clear on their FAQs. Is this affiliated"}, {"start": "00:07:07", "end": "00:07:12", "text": "with the commonwealth secretariat?"}, {"start": "00:07:09", "end": "00:07:15", "text": "Commonwealth Union is an independent"}, {"start": "00:07:12", "end": "00:07:17", "text": "network, not a government body, not"}, {"start": "00:07:15", "end": "00:07:19", "text": "affiliated with the Commonwealth"}, {"start": "00:07:17", "end": "00:07:21", "text": "Secretariat. It's independent of"}, {"start": "00:07:19", "end": "00:07:23", "text": "politics focused on real economic"}, {"start": "00:07:21", "end": "00:07:26", "text": "opportunity. Now, do not fall for scams."}, {"start": "00:07:23", "end": "00:07:28", "text": "Keep in mind this is a Solana token for"}, {"start": "00:07:26", "end": "00:07:30", "text": "now and I will put a link down below for"}, {"start": "00:07:28", "end": "00:07:32", "text": "you to learn more. Again, thank you"}, {"start": "00:07:30", "end": "00:07:33", "text": "Commonwealth Union Blockchain Network"}, {"start": "00:07:32", "end": "00:07:34", "text": "for sponsoring this section of today's"}, {"start": "00:07:33", "end": "00:07:36", "text": "video."}, {"start": "00:07:34", "end": "00:07:38", "text": ">> Who do you think is Satoshi Nakamoto?"}, {"start": "00:07:36", "end": "00:07:41", "text": ">> This is going viral right now. The man"}, {"start": "00:07:38", "end": "00:07:43", "text": "who predicted the Iran war about a year"}, {"start": "00:07:41", "end": "00:07:46", "text": "and a half ago is now predicting this."}, {"start": "00:07:43", "end": "00:07:48", "text": "Professor Jiang claims Bitcoin was"}, {"start": "00:07:46", "end": "00:07:50", "text": "created by the CIA. Let me share this"}, {"start": "00:07:48", "end": "00:07:52", "text": "with you and then tell you why. And then"}, {"start": "00:07:50", "end": "00:07:55", "text": "react along the way. Some of the stuff"}, {"start": "00:07:52", "end": "00:07:58", "text": "he says. It sounds dumb."}, {"start": "00:07:55", "end": "00:08:01", "text": ">> What do you think of Satoshi Nakamoto?"}, {"start": "00:07:58", "end": "00:08:04", "text": ">> Well, I mean, they say that it"}, {"start": "00:08:01", "end": "00:08:05", "text": "translates into sensual intelligence."}, {"start": "00:08:04", "end": "00:08:07", "text": "Hey,"}, {"start": "00:08:05", "end": "00:08:10", "text": ">> by the way, that in itself not true. Or"}, {"start": "00:08:07", "end": "00:08:12", "text": "I mean, I guess it's a very stretched"}, {"start": "00:08:10", "end": "00:08:14", "text": "interpretation. The phrase central"}, {"start": "00:08:12", "end": "00:08:18", "text": "intelligence is a popular conspiracy"}, {"start": "00:08:14", "end": "00:08:20", "text": "theory or creative interpretation of the"}, {"start": "00:08:18", "end": "00:08:22", "text": "full name Satoshi Nakamoto rather than a"}, {"start": "00:08:20", "end": "00:08:26", "text": "direct accurate translation because"}, {"start": "00:08:22", "end": "00:08:29", "text": "Satoshi can be interpreted as wise or"}, {"start": "00:08:26", "end": "00:08:32", "text": "intelligent or clear thinking and"}, {"start": "00:08:29", "end": "00:08:35", "text": "Nakamoto can be interpreted as middle or"}, {"start": "00:08:32", "end": "00:08:37", "text": "center or origin. So it could mean wise"}, {"start": "00:08:35", "end": "00:08:40", "text": "origin. So, what he's saying to me"}, {"start": "00:08:37", "end": "00:08:42", "text": "already loose and speculative rather"}, {"start": "00:08:40", "end": "00:08:43", "text": "than an accurate Japanese translation,"}, {"start": "00:08:42", "end": "00:08:45", "text": "but let's keep going."}, {"start": "00:08:43", "end": "00:08:48", "text": ">> The story makes no sense, right? Because"}, {"start": "00:08:45", "end": "00:08:53", "text": "why would you spend years, possibly"}, {"start": "00:08:48", "end": "00:08:56", "text": "decades, in your basement creating a new"}, {"start": "00:08:53", "end": "00:08:59", "text": "technology, the blockchain technology,"}, {"start": "00:08:56", "end": "00:09:02", "text": "and then just give it for free to the"}, {"start": "00:08:59", "end": "00:09:03", "text": "world. And"}, {"start": "00:09:02", "end": "00:09:04", "text": "right, that makes no sense."}, {"start": "00:09:03", "end": "00:09:06", "text": ">> It does sound a little ridiculous. It"}, {"start": "00:09:04", "end": "00:09:07", "text": "sounds kind of ridiculous, right? So"}, {"start": "00:09:06", "end": "00:09:11", "text": "then you have to ask yourself three"}, {"start": "00:09:07", "end": "00:09:14", "text": "questions. First of all is who would"}, {"start": "00:09:11", "end": "00:09:17", "text": "have the technology and the expertise to"}, {"start": "00:09:14", "end": "00:09:20", "text": "create something like the blockchain?"}, {"start": "00:09:17", "end": "00:09:24", "text": "Second of all, you have to ask who would"}, {"start": "00:09:20", "end": "00:09:26", "text": "benefit from this blockchain creation."}, {"start": "00:09:24", "end": "00:09:28", "text": "The third question you want to ask is"}, {"start": "00:09:26", "end": "00:09:29", "text": "why would they keep it secret? Okay."}, {"start": "00:09:28", "end": "00:09:33", "text": "Okay. And when you do game theory"}, {"start": "00:09:29", "end": "00:09:34", "text": "analysis, you look at all possibilities,"}, {"start": "00:09:33", "end": "00:09:36", "text": "you end up with a deep state, the"}, {"start": "00:09:34", "end": "00:09:40", "text": "American deep state. You end up with a"}, {"start": "00:09:36", "end": "00:09:42", "text": "CIA. Okay. So the first question, who"}, {"start": "00:09:40", "end": "00:09:44", "text": "would have the expertise and the"}, {"start": "00:09:42", "end": "00:09:45", "text": "technology to create the blockchain?"}, {"start": "00:09:44", "end": "00:09:47", "text": "Probably the same people who created the"}, {"start": "00:09:45", "end": "00:09:49", "text": "internet, probably the same people who"}, {"start": "00:09:47", "end": "00:09:50", "text": "created GPS,"}, {"start": "00:09:49", "end": "00:09:52", "text": "DARPA,"}, {"start": "00:09:50", "end": "00:09:54", "text": "NSA,"}, {"start": "00:09:52", "end": "00:09:57", "text": "CIA, probably these guys, right? if they"}, {"start": "00:09:54", "end": "00:10:00", "text": "got the internet uh blockchain it's it's"}, {"start": "00:09:57", "end": "00:10:01", "text": "just more of an enclosed model of the"}, {"start": "00:10:00", "end": "00:10:03", "text": "internet right where where where the"}, {"start": "00:10:01", "end": "00:10:06", "text": "internet is open but the blockchain is"}, {"start": "00:10:03", "end": "00:10:07", "text": "actually closed up to certain members"}, {"start": "00:10:06", "end": "00:10:10", "text": "but everything is transparent within the"}, {"start": "00:10:07", "end": "00:10:11", "text": "blockchain right so um that's the first"}, {"start": "00:10:10", "end": "00:10:13", "text": "question second question"}, {"start": "00:10:11", "end": "00:10:14", "text": ">> and by the way I I would love to have"}, {"start": "00:10:13", "end": "00:10:16", "text": "professor Jiang on the channel and we"}, {"start": "00:10:14", "end": "00:10:20", "text": "can go over some of this stuff him and"}, {"start": "00:10:16", "end": "00:10:22", "text": "me specifically but Bitcoin there was a"}, {"start": "00:10:20", "end": "00:10:24", "text": "section a component of Bitcoin that was"}, {"start": "00:10:22", "end": "00:10:26", "text": "created by the NSA that's where people"}, {"start": "00:10:24", "end": "00:10:29", "text": "sort of get this theory from. But"}, {"start": "00:10:26", "end": "00:10:31", "text": "Bitcoin was 40 years of innovation. So"}, {"start": "00:10:29", "end": "00:10:35", "text": "we see first somebody invented"}, {"start": "00:10:31", "end": "00:10:37", "text": "cryptography. This was in 197677."}, {"start": "00:10:35", "end": "00:10:39", "text": "A couple years later somebody invented"}, {"start": "00:10:37", "end": "00:10:41", "text": "the bisantine fault tolerance. These are"}, {"start": "00:10:39", "end": "00:10:43", "text": "all components of Bitcoin which was the"}, {"start": "00:10:41", "end": "00:10:47", "text": "first blockchain. The NSA, the National"}, {"start": "00:10:43", "end": "00:10:49", "text": "Security Agency designed Shaw 256 which"}, {"start": "00:10:47", "end": "00:10:53", "text": "was an algorithm first published in"}, {"start": "00:10:49", "end": "00:10:54", "text": "2001. So the government invents a lot of"}, {"start": "00:10:53", "end": "00:10:57", "text": "things. And like I said, the NSA's"}, {"start": "00:10:54", "end": "00:10:59", "text": "component was somewhere around here, all"}, {"start": "00:10:57", "end": "00:11:01", "text": "leading up to Satoshi Nakamoto, which"}, {"start": "00:10:59", "end": "00:11:03", "text": "was either one person or a group of"}, {"start": "00:11:01", "end": "00:11:05", "text": "people pulling all this work together"}, {"start": "00:11:03", "end": "00:11:09", "text": "and creating the first blockchain,"}, {"start": "00:11:05", "end": "00:11:12", "text": "Bitcoin. So, please, please, please do"}, {"start": "00:11:09", "end": "00:11:14", "text": "not fall for I would say in this case a"}, {"start": "00:11:12", "end": "00:11:16", "text": "charlatan and I only claim that in in"}, {"start": "00:11:14", "end": "00:11:19", "text": "the Bitcoin case because what he is"}, {"start": "00:11:16", "end": "00:11:21", "text": "about to say proves he really is sort of"}, {"start": "00:11:19", "end": "00:11:23", "text": "talking out of his butt right now. Just"}, {"start": "00:11:21", "end": "00:11:27", "text": "keep listening. question is who would"}, {"start": "00:11:23", "end": "00:11:28", "text": "benefit from blockchain? Well, the CIA"}, {"start": "00:11:27", "end": "00:11:30", "text": "because of two things. One is"}, {"start": "00:11:28", "end": "00:11:32", "text": "surveillance where they're able to"}, {"start": "00:11:30", "end": "00:11:33", "text": "monitor everything, right? It's it's"}, {"start": "00:11:32", "end": "00:11:36", "text": "almost like a Trojan horse if you were"}, {"start": "00:11:33", "end": "00:11:38", "text": "to use blockchain. Second is like the"}, {"start": "00:11:36", "end": "00:11:40", "text": "CIA"}, {"start": "00:11:38", "end": "00:11:42", "text": "does a lot of black ops. It it is a"}, {"start": "00:11:40", "end": "00:11:45", "text": "government within a within a government,"}, {"start": "00:11:42", "end": "00:11:48", "text": "right? It is basically outside of all um"}, {"start": "00:11:45", "end": "00:11:51", "text": "political control but it needs a"}, {"start": "00:11:48", "end": "00:11:53", "text": "mechanism to finance it operations. It"}, {"start": "00:11:51", "end": "00:11:55", "text": "basically needs a money line operation"}, {"start": "00:11:53", "end": "00:11:58", "text": "and block blockchain is is a great"}, {"start": "00:11:55", "end": "00:12:00", "text": "mechanism to finance a lot of a lot of"}, {"start": "00:11:58", "end": "00:12:03", "text": "of of its operations especially drug"}, {"start": "00:12:00", "end": "00:12:03", "text": "trafficking. Okay. Third question is"}, {"start": "00:12:03", "end": "00:12:05", "text": "what"}, {"start": "00:12:03", "end": "00:12:08", "text": ">> the CIA was actually funding all their"}, {"start": "00:12:05", "end": "00:12:11", "text": "operations much much easier before with"}, {"start": "00:12:08", "end": "00:12:12", "text": "something called cash. cash completely"}, {"start": "00:12:11", "end": "00:12:13", "text": "private."}, {"start": "00:12:12", "end": "00:12:17", "text": ">> How would they keep it secret? And the"}, {"start": "00:12:13", "end": "00:12:21", "text": "answer is only if people believe"}, {"start": "00:12:17", "end": "00:12:26", "text": "that this was transparent, open"}, {"start": "00:12:21", "end": "00:12:28", "text": "and uh um beyond authority, beyond"}, {"start": "00:12:26", "end": "00:12:32", "text": "political control, what does it have"}, {"start": "00:12:28", "end": "00:12:34", "text": "value? Right? So the moment people"}, {"start": "00:12:32", "end": "00:12:36", "text": "people recognize that this is a CIA"}, {"start": "00:12:34", "end": "00:12:38", "text": "operation, people won't put their money"}, {"start": "00:12:36", "end": "00:12:41", "text": "into blockchain. People won't put their"}, {"start": "00:12:38", "end": "00:12:45", "text": "money into Bitcoin, they'll they'll be"}, {"start": "00:12:41", "end": "00:12:47", "text": "like I mean uh why would I do that? You"}, {"start": "00:12:45", "end": "00:12:49", "text": "have to ask yourself this question."}, {"start": "00:12:47", "end": "00:12:51", "text": "Where are the blockchain servers"}, {"start": "00:12:49", "end": "00:12:53", "text": "located?"}, {"start": "00:12:51", "end": "00:12:54", "text": "Right? Because I imagine if you're able"}, {"start": "00:12:53", "end": "00:12:55", "text": "to control the hardware, you can also"}, {"start": "00:12:54", "end": "00:12:58", "text": "control the software. I don't care what"}, {"start": "00:12:55", "end": "00:13:00", "text": "they tell tell me about open source and"}, {"start": "00:12:58", "end": "00:13:03", "text": "all that. I want to know where the"}, {"start": "00:13:00", "end": "00:13:04", "text": "databases are, where the servers are"}, {"start": "00:13:03", "end": "00:13:06", "text": "physically."}, {"start": "00:13:04", "end": "00:13:09", "text": ">> Where are the servers of Bitcoin"}, {"start": "00:13:06", "end": "00:13:11", "text": "located? That single question from Cien"}, {"start": "00:13:09", "end": "00:13:14", "text": "shows the misunderstanding immediately."}, {"start": "00:13:11", "end": "00:13:17", "text": "Bitcoin does not run one company's"}, {"start": "00:13:14", "end": "00:13:19", "text": "server. They're distributed. They're"}, {"start": "00:13:17", "end": "00:13:21", "text": "also public. Anybody around the Earth,"}, {"start": "00:13:19", "end": "00:13:23", "text": "if you have an internet connection, can"}, {"start": "00:13:21", "end": "00:13:25", "text": "check in any time. They're distributed,"}, {"start": "00:13:23", "end": "00:13:27", "text": "which is exactly why it's hard to"}, {"start": "00:13:25", "end": "00:13:29", "text": "censor, shut down, or control. Plus, the"}, {"start": "00:13:27", "end": "00:13:31", "text": "mining system on top of that. So, even"}, {"start": "00:13:29", "end": "00:13:33", "text": "if you get the nodes, you have to get"}, {"start": "00:13:31", "end": "00:13:36", "text": "the miners and the nodes and the"}, {"start": "00:13:33", "end": "00:13:38", "text": "holders, maybe the exchanges, the"}, {"start": "00:13:36", "end": "00:13:40", "text": "entities. So, Bitcoin is actually"}, {"start": "00:13:38", "end": "00:13:42", "text": "decentralized, distributed in three"}, {"start": "00:13:40", "end": "00:13:45", "text": "ways. When somebody frames Bitcoin like"}, {"start": "00:13:42", "end": "00:13:47", "text": "a centralized system, they are not"}, {"start": "00:13:45", "end": "00:13:49", "text": "critiquing Bitcoin at all. They are"}, {"start": "00:13:47", "end": "00:13:52", "text": "critiquing a version of Bitcoin that"}, {"start": "00:13:49", "end": "00:13:54", "text": "exists only in their confusion."}, {"start": "00:13:52", "end": "00:13:56", "text": "Professor Jiang, both me and Michael"}, {"start": "00:13:54", "end": "00:13:58", "text": "Sailor and many other great speakers are"}, {"start": "00:13:56", "end": "00:13:59", "text": "speaking at Bitcoin conference at the"}, {"start": "00:13:58", "end": "00:14:02", "text": "end of this month. I want to give you"}, {"start": "00:13:59", "end": "00:14:04", "text": "this. Use code altcoin daily for 10% off"}, {"start": "00:14:02", "end": "00:14:06", "text": "your hotel and your tickets. Ticket"}, {"start": "00:14:04", "end": "00:14:10", "text": "prices are about to increase this"}, {"start": "00:14:06", "end": "00:14:14", "text": "Saturday, so get your tickets ASAP. Link"}, {"start": "00:14:10", "end": "00:14:14", "text": "down below. 10% off like always."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "You know that Black Rockck is hugely"}, {"start": "00:00:02", "end": "00:00:07", "text": "bullish on Bitcoin, Ethereum,"}, {"start": "00:00:04", "end": "00:00:10", "text": "tokenization, and crypto. Well, here"}, {"start": "00:00:07", "end": "00:00:12", "text": "Larry Frink says, \"Buy the dip, you"}, {"start": "00:00:10", "end": "00:00:15", "text": "fools.\" In almost every period of time"}, {"start": "00:00:12", "end": "00:00:18", "text": "in our lifetime, if you bought the dips"}, {"start": "00:00:15", "end": "00:00:20", "text": "every time, you would have benefited. I"}, {"start": "00:00:18", "end": "00:00:23", "text": "believe we are just at the beginning of"}, {"start": "00:00:20", "end": "00:00:25", "text": "growing the global capital markets."}, {"start": "00:00:23", "end": "00:00:28", "text": "Black Rockck is bullish. They say, \"Buy"}, {"start": "00:00:25", "end": "00:00:31", "text": "this dip.\" And in almost every period of"}, {"start": "00:00:28", "end": "00:00:33", "text": "time in our lifetime, if you bought the"}, {"start": "00:00:31", "end": "00:00:35", "text": "dips, every time you would have"}, {"start": "00:00:33", "end": "00:00:38", "text": "benefited. I mean, think about it. If my"}, {"start": "00:00:35", "end": "00:00:40", "text": "letter talks about if you invested on"}, {"start": "00:00:38", "end": "00:00:43", "text": "January 1st, 20000, and a year later, we"}, {"start": "00:00:40", "end": "00:00:45", "text": "had a 40% draw down. We we had the"}, {"start": "00:00:43", "end": "00:00:47", "text": "dotcom boom. We had the great financial"}, {"start": "00:00:45", "end": "00:00:48", "text": "crisis. We had co we had many other"}, {"start": "00:00:47", "end": "00:00:51", "text": "things. But you made over eight times"}, {"start": "00:00:48", "end": "00:00:53", "text": "your money. I believe we are just the"}, {"start": "00:00:51", "end": "00:00:54", "text": "beginning of growing the global capital"}, {"start": "00:00:53", "end": "00:00:56", "text": "markets. And I do believe you're going"}, {"start": "00:00:54", "end": "00:00:59", "text": "to see the breadth and depth of the"}, {"start": "00:00:56", "end": "00:00:59", "text": "global capital market is growing."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Since the war started, crypto, including"}, {"start": "00:00:02", "end": "00:00:06", "text": "Ethereum and Bitcoin, have been the best"}, {"start": "00:00:04", "end": "00:00:08", "text": "performing asset. On the macro, let me"}, {"start": "00:00:06", "end": "00:00:11", "text": "explain why I believe the bottom likely"}, {"start": "00:00:08", "end": "00:00:14", "text": "is in. Market analyst Tom Lee explains"}, {"start": "00:00:11", "end": "00:00:18", "text": "why the stock market and crypto market"}, {"start": "00:00:14", "end": "00:00:20", "text": "bottom is likely in in less than 4"}, {"start": "00:00:18", "end": "00:00:23", "text": "minutes. Standard Charters Jeffrey"}, {"start": "00:00:20", "end": "00:00:27", "text": "Kendrick then extrapolates on this and"}, {"start": "00:00:23", "end": "00:00:31", "text": "explains here why Ethereum can hit"}, {"start": "00:00:27", "end": "00:00:35", "text": "$40,000 by 2030. Yes, really."}, {"start": "00:00:31", "end": "00:00:38", "text": ">> I've got 500,000 Bitcoin by 2030 and"}, {"start": "00:00:35", "end": "00:00:40", "text": "40,000 Ethereum by 2030."}, {"start": "00:00:38", "end": "00:00:42", "text": ">> Do me a favor, take two seconds, smash"}, {"start": "00:00:40", "end": "00:00:45", "text": "the like button, support the content."}, {"start": "00:00:42", "end": "00:00:48", "text": "Tom Lee is certainly getting a lot of"}, {"start": "00:00:45", "end": "00:00:51", "text": "flak from his peers on all of this for"}, {"start": "00:00:48", "end": "00:00:54", "text": "being so bullish. So, post your reply."}, {"start": "00:00:51", "end": "00:00:57", "text": "Tell me if you agree or disagree with"}, {"start": "00:00:54", "end": "00:00:59", "text": "Tom Lee's explanation here."}, {"start": "00:00:57", "end": "00:01:01", "text": ">> Now, on the macro, let me explain why I"}, {"start": "00:00:59", "end": "00:01:04", "text": "believe the bottom likely is in. I know"}, {"start": "00:01:01", "end": "00:01:08", "text": "we're in the fog of war,"}, {"start": "00:01:04", "end": "00:01:11", "text": "but keep in mind stocks since there have"}, {"start": "00:01:08", "end": "00:01:14", "text": "been a eight major conflicts in the last"}, {"start": "00:01:11", "end": "00:01:16", "text": "125 years, including this Iran war. And"}, {"start": "00:01:14", "end": "00:01:18", "text": "stocks bottom 10%"}, {"start": "00:01:16", "end": "00:01:22", "text": "into the duration of the war. Think"}, {"start": "00:01:18", "end": "00:01:24", "text": "about that. Only onetenth into the"}, {"start": "00:01:22", "end": "00:01:27", "text": "progress of a war, even before troops"}, {"start": "00:01:24", "end": "00:01:29", "text": "are committed, stocks typically bottom."}, {"start": "00:01:27", "end": "00:01:32", "text": "This was true of World War II. The US"}, {"start": "00:01:29", "end": "00:01:34", "text": "entered the war on December 8th, 1941."}, {"start": "00:01:32", "end": "00:01:37", "text": "The Dow Jones bottom five months into"}, {"start": "00:01:34", "end": "00:01:40", "text": "World War II, even though the total war"}, {"start": "00:01:37", "end": "00:01:42", "text": "lasted 45 months."}, {"start": "00:01:40", "end": "00:01:47", "text": "We can see it on time series here. This"}, {"start": "00:01:42", "end": "00:01:49", "text": "is when the US entered World War II."}, {"start": "00:01:47", "end": "00:01:53", "text": "The equity markets bottomed 5 months"}, {"start": "00:01:49", "end": "00:01:53", "text": "later in May 1942."}, {"start": "00:01:53", "end": "00:01:59", "text": "And"}, {"start": "00:01:56", "end": "00:02:02", "text": "June 1942 was the first real battle of"}, {"start": "00:01:59", "end": "00:02:04", "text": "Midway. One month later, and the S&P,"}, {"start": "00:02:02", "end": "00:02:06", "text": "I'm sorry, and the Dow was already"}, {"start": "00:02:04", "end": "00:02:08", "text": "rallying."}, {"start": "00:02:06", "end": "00:02:11", "text": "The US didn't enter Europe until D-Day,"}, {"start": "00:02:08", "end": "00:02:13", "text": "June 1944. That's a full two years"}, {"start": "00:02:11", "end": "00:02:16", "text": "later. And as you can see, the market"}, {"start": "00:02:13", "end": "00:02:20", "text": "went up after the invasion."}, {"start": "00:02:16", "end": "00:02:21", "text": "So, let's knowing this fog of war, let's"}, {"start": "00:02:20", "end": "00:02:23", "text": "go back to today. There's three reasons"}, {"start": "00:02:21", "end": "00:02:26", "text": "I think the stock market bottom. The"}, {"start": "00:02:23", "end": "00:02:31", "text": "first happened because the stock market"}, {"start": "00:02:26", "end": "00:02:31", "text": "began to rise while oil rose."}, {"start": "00:02:32", "end": "00:02:37", "text": "The equity markets and oil have had an"}, {"start": "00:02:35", "end": "00:02:39", "text": "inverse correlation and it got to an"}, {"start": "00:02:37", "end": "00:02:41", "text": "extreme inverse correlation"}, {"start": "00:02:39", "end": "00:02:44", "text": "recently, the highest in a year. Meaning"}, {"start": "00:02:41", "end": "00:02:46", "text": "as oil went up, equities went down. And"}, {"start": "00:02:44", "end": "00:02:48", "text": "we could see the oppos the inverse"}, {"start": "00:02:46", "end": "00:02:50", "text": "relationship at play since the war"}, {"start": "00:02:48", "end": "00:02:52", "text": "started. Whenever oil went up, stocks"}, {"start": "00:02:50", "end": "00:02:55", "text": "went down. Commercially, once oil went"}, {"start": "00:02:52", "end": "00:02:57", "text": "down, stocks went up and this continued."}, {"start": "00:02:55", "end": "00:03:00", "text": "But then there was a pivot the end of"}, {"start": "00:02:57", "end": "00:03:05", "text": "March. And that pivot was that oil went"}, {"start": "00:03:00", "end": "00:03:07", "text": "up and yet the S&P rose 5%."}, {"start": "00:03:05", "end": "00:03:09", "text": "And then the second thing happened"}, {"start": "00:03:07", "end": "00:03:12", "text": "earlier this week, which is we had less"}, {"start": "00:03:09", "end": "00:03:15", "text": "bad news. The ceasefire is not an end to"}, {"start": "00:03:12", "end": "00:03:17", "text": "the war, but it's the beginning of the"}, {"start": "00:03:15", "end": "00:03:19", "text": "end of the war. And I know it sounds"}, {"start": "00:03:17", "end": "00:03:22", "text": "strange, but it's a rate of change"}, {"start": "00:03:19", "end": "00:03:24", "text": "observation. When less bad happens,"}, {"start": "00:03:22", "end": "00:03:26", "text": "that's considered good. And as you can"}, {"start": "00:03:24", "end": "00:03:28", "text": "see, as soon as we got signs that the"}, {"start": "00:03:26", "end": "00:03:30", "text": "war was deescalating, oil fell 20% and"}, {"start": "00:03:28", "end": "00:03:34", "text": "the S&P rose."}, {"start": "00:03:30", "end": "00:03:37", "text": "And the third sign arose today,"}, {"start": "00:03:34", "end": "00:03:40", "text": "um, which is the end of, uh, on April"}, {"start": "00:03:37", "end": "00:03:44", "text": "9th. And that's because the VIX had"}, {"start": "00:03:40", "end": "00:03:47", "text": "closed above 30 and then fell and closed"}, {"start": "00:03:44", "end": "00:03:49", "text": "below 20. It's a sign that risk the idea"}, {"start": "00:03:47", "end": "00:03:52", "text": "of seeking risk protection had already"}, {"start": "00:03:49", "end": "00:03:52", "text": "peaked."}, {"start": "00:03:52", "end": "00:03:57", "text": "We can see that on this time series"}, {"start": "00:03:55", "end": "00:04:00", "text": "shortly after the war started the VIX"}, {"start": "00:03:57", "end": "00:04:02", "text": "jumped to 35 and it closed above 30 at"}, {"start": "00:04:00", "end": "00:04:05", "text": "the end of March"}, {"start": "00:04:02", "end": "00:04:08", "text": "and then this past week it closed below"}, {"start": "00:04:05", "end": "00:04:11", "text": "20. The first time since the war started"}, {"start": "00:04:08", "end": "00:04:15", "text": "or it's back to pre-war levels."}, {"start": "00:04:11", "end": "00:04:18", "text": "Since 1990 there have been four times"}, {"start": "00:04:15", "end": "00:04:20", "text": "where the VIX moved above 30, then oil"}, {"start": "00:04:18", "end": "00:04:23", "text": "had a big decline"}, {"start": "00:04:20", "end": "00:04:25", "text": "and then the VIX closed below 20. And"}, {"start": "00:04:23", "end": "00:04:29", "text": "here's the thing, the median six-month"}, {"start": "00:04:25", "end": "00:04:32", "text": "return is 9%."}, {"start": "00:04:29", "end": "00:04:35", "text": "Um, after closing below 20, that implies"}, {"start": "00:04:32", "end": "00:04:37", "text": "the S&P can get to 7,400, which is more"}, {"start": "00:04:35", "end": "00:04:39", "text": "than an all-time high. So, nobody rings"}, {"start": "00:04:37", "end": "00:04:41", "text": "the bell at the bottom, but I believe"}, {"start": "00:04:39", "end": "00:04:43", "text": "the bottom is in."}, {"start": "00:04:41", "end": "00:04:45", "text": "And in terms of leadership, we've talked"}, {"start": "00:04:43", "end": "00:04:47", "text": "about this in other videos, but since"}, {"start": "00:04:45", "end": "00:04:49", "text": "the war started, crypto,"}, {"start": "00:04:47", "end": "00:04:51", "text": "including Ethereum and Bitcoin, have"}, {"start": "00:04:49", "end": "00:04:53", "text": "been the best performing asset,"}, {"start": "00:04:51", "end": "00:04:55", "text": "dramatically outperforming gold."}, {"start": "00:04:53", "end": "00:04:57", "text": "Standard Charter is Wall Street."}, {"start": "00:04:55", "end": "00:05:01", "text": "Standard Charter is traditional finance."}, {"start": "00:04:57", "end": "00:05:03", "text": "They have almost $400 billion in assets"}, {"start": "00:05:01", "end": "00:05:05", "text": "under management, increasing"}, {"start": "00:05:03", "end": "00:05:07", "text": "year-over-year by quite a bit. And here"}, {"start": "00:05:05", "end": "00:05:10", "text": "their head of digital assets, Jeffrey"}, {"start": "00:05:07", "end": "00:05:13", "text": "Kendrick, explains why you should be"}, {"start": "00:05:10", "end": "00:05:17", "text": "bullish on crypto, but also specifically"}, {"start": "00:05:13", "end": "00:05:20", "text": "why Ethereum can hit $40,000 per ETH by"}, {"start": "00:05:17", "end": "00:05:21", "text": "2030. This isn't Tom Lee saying it. This"}, {"start": "00:05:20", "end": "00:05:23", "text": "is Standard Charter."}, {"start": "00:05:21", "end": "00:05:25", "text": ">> Talk to me about Ethereum. What are you"}, {"start": "00:05:23", "end": "00:05:26", "text": "expecting from ETH's price in 2026? And"}, {"start": "00:05:25", "end": "00:05:28", "text": "what's your outlook for, you know, the"}, {"start": "00:05:26", "end": "00:05:29", "text": "the digital asset ecosystem outside of"}, {"start": "00:05:28", "end": "00:05:32", "text": "just Bitcoin?"}, {"start": "00:05:29", "end": "00:05:36", "text": ">> Yeah, for sure. So uh the interesting"}, {"start": "00:05:32", "end": "00:05:39", "text": "part here for Ethereum is as trady gets"}, {"start": "00:05:36", "end": "00:05:42", "text": "involved, trady is um okay to build"}, {"start": "00:05:39", "end": "00:05:45", "text": "stuff on Ethereum. So it's fair to say"}, {"start": "00:05:42", "end": "00:05:47", "text": "in banks um since 2008 risk and"}, {"start": "00:05:45", "end": "00:05:50", "text": "compliance type functions have the power"}, {"start": "00:05:47", "end": "00:05:52", "text": "in banks, right? So individuals if they"}, {"start": "00:05:50", "end": "00:05:53", "text": "were to say actually we're going to"}, {"start": "00:05:52", "end": "00:05:56", "text": "build something now in blockchain space"}, {"start": "00:05:53", "end": "00:05:58", "text": "directly, it'll be very safe to say I'm"}, {"start": "00:05:56", "end": "00:05:59", "text": "going to build on Ethereum layer one,"}, {"start": "00:05:58", "end": "00:06:02", "text": "right? because it's never gone down."}, {"start": "00:05:59", "end": "00:06:04", "text": "Yeah. So I think a lot of this stuff in"}, {"start": "00:06:02", "end": "00:06:06", "text": "its first instance happens on Ethereum"}, {"start": "00:06:04", "end": "00:06:09", "text": "layer 1. So think about how Black Rockck"}, {"start": "00:06:06", "end": "00:06:11", "text": "rolled out Bidd for example, right? Um"}, {"start": "00:06:09", "end": "00:06:13", "text": "all on layer one E at the start and then"}, {"start": "00:06:11", "end": "00:06:16", "text": "you do Avalanche and a few others later"}, {"start": "00:06:13", "end": "00:06:18", "text": "on a couple of lay twos, right? So which"}, {"start": "00:06:16", "end": "00:06:21", "text": "I think is a very logical playbook for"}, {"start": "00:06:18", "end": "00:06:24", "text": "how tradly will approach this buildout"}, {"start": "00:06:21", "end": "00:06:27", "text": "in the next few years. So if you assume"}, {"start": "00:06:24", "end": "00:06:30", "text": "that more activity in the ecosystem"}, {"start": "00:06:27", "end": "00:06:32", "text": "means higher uh token price which I"}, {"start": "00:06:30", "end": "00:06:35", "text": "think is correct um today I find the"}, {"start": "00:06:32", "end": "00:06:38", "text": "best measure is uh fees paid on the"}, {"start": "00:06:35", "end": "00:06:40", "text": "applications or protocols that are built"}, {"start": "00:06:38", "end": "00:06:42", "text": "on the Ethereum network and then you"}, {"start": "00:06:40", "end": "00:06:44", "text": "compare those against market cap that's"}, {"start": "00:06:42", "end": "00:06:46", "text": "quite a good measure um for listeners to"}, {"start": "00:06:44", "end": "00:06:48", "text": "have a look at as well after but more"}, {"start": "00:06:46", "end": "00:06:50", "text": "activity should mean high token price"}, {"start": "00:06:48", "end": "00:06:53", "text": "and so I think that means ETH"}, {"start": "00:06:50", "end": "00:06:55", "text": "outperforms Now, let's say for the"}, {"start": "00:06:53", "end": "00:06:58", "text": "foreseeable actually. So, we're at"}, {"start": "00:06:55", "end": "00:07:04", "text": "roughly 3% now is a is the price. So,"}, {"start": "00:06:58", "end": "00:07:06", "text": "003 um is the uh ETH BTC cross, right? I"}, {"start": "00:07:04", "end": "00:07:09", "text": "think that goes up this year to uh to"}, {"start": "00:07:06", "end": "00:07:13", "text": "4%. So, I've got 100K for Bitcoin. I got"}, {"start": "00:07:09", "end": "00:07:15", "text": "4K for Ethereum by the end of 2026. And"}, {"start": "00:07:13", "end": "00:07:17", "text": "then in my long-term forecast, just to"}, {"start": "00:07:15", "end": "00:07:21", "text": "throw that out there as well, I've got"}, {"start": "00:07:17", "end": "00:07:25", "text": "500,000 Bitcoin by 2030 and 40,000"}, {"start": "00:07:21", "end": "00:07:28", "text": "Ethereum by 2030. So, a massive"}, {"start": "00:07:25", "end": "00:07:31", "text": "outperformance, obviously, a massive um"}, {"start": "00:07:28", "end": "00:07:34", "text": "absolute potential upside from here like"}, {"start": "00:07:31", "end": "00:07:36", "text": "a what are we now 20x roughly by the end"}, {"start": "00:07:34", "end": "00:07:39", "text": "of 2030, but a huge outperformance as"}, {"start": "00:07:36", "end": "00:07:41", "text": "well. So um and it's because of all that"}, {"start": "00:07:39", "end": "00:07:44", "text": "use all the use cases that we're talking"}, {"start": "00:07:41", "end": "00:07:46", "text": "about on this will almost all happen on"}, {"start": "00:07:44", "end": "00:07:48", "text": "Ethereum in the first chunk. Later on it"}, {"start": "00:07:46", "end": "00:07:51", "text": "could go to other chains for sure but"}, {"start": "00:07:48", "end": "00:07:52", "text": "the first phase was more likely to be"}, {"start": "00:07:51", "end": "00:07:54", "text": "Ethereum based."}, {"start": "00:07:52", "end": "00:07:56", "text": ">> You know that Black Rockck is hugely"}, {"start": "00:07:54", "end": "00:07:59", "text": "bullish on Bitcoin, Ethereum"}, {"start": "00:07:56", "end": "00:08:02", "text": "tokenization and crypto. Well here Larry"}, {"start": "00:07:59", "end": "00:08:04", "text": "Frink says buy the dip you fools in"}, {"start": "00:08:02", "end": "00:08:07", "text": "almost every period of time in our"}, {"start": "00:08:04", "end": "00:08:10", "text": "lifetime. If you bought the dips every"}, {"start": "00:08:07", "end": "00:08:12", "text": "time, you would have benefited. I"}, {"start": "00:08:10", "end": "00:08:15", "text": "believe we are just at the beginning of"}, {"start": "00:08:12", "end": "00:08:17", "text": "growing the global capital markets."}, {"start": "00:08:15", "end": "00:08:18", "text": "Black Rockck is bullish. They say, \"Buy"}, {"start": "00:08:17", "end": "00:08:21", "text": "this dip.\""}, {"start": "00:08:18", "end": "00:08:24", "text": ">> And in almost every period of time in"}, {"start": "00:08:21", "end": "00:08:25", "text": "our lifetime, if you bought the dips"}, {"start": "00:08:24", "end": "00:08:27", "text": "every time, you would have benefited. I"}, {"start": "00:08:25", "end": "00:08:30", "text": "mean, think about it. If my letter talks"}, {"start": "00:08:27", "end": "00:08:33", "text": "about if you invested on January 1st,"}, {"start": "00:08:30", "end": "00:08:35", "text": "2000, and a year later, we had a 40%"}, {"start": "00:08:33", "end": "00:08:38", "text": "draw down. We we had the dotcom boom, we"}, {"start": "00:08:35", "end": "00:08:39", "text": "had the great financial crisis, we had"}, {"start": "00:08:38", "end": "00:08:41", "text": "co we had many other things, but you"}, {"start": "00:08:39", "end": "00:08:43", "text": "made over eight times your money. I"}, {"start": "00:08:41", "end": "00:08:45", "text": "believe we are just the beginning of"}, {"start": "00:08:43", "end": "00:08:46", "text": "growing the global capital markets and I"}, {"start": "00:08:45", "end": "00:08:48", "text": "do believe you're going to see the"}, {"start": "00:08:46", "end": "00:08:50", "text": "breath and depth of the global capital"}, {"start": "00:08:48", "end": "00:08:51", "text": "market is growing and our Black Rockck"}, {"start": "00:08:50", "end": "00:08:54", "text": "will be a part of that."}, {"start": "00:08:51", "end": "00:08:55", "text": ">> Look guys, the market's up. Bitcoin hit"}, {"start": "00:08:54", "end": "00:08:57", "text": "$75,000"}, {"start": "00:08:55", "end": "00:09:00", "text": "today. Crypto is still the one place"}, {"start": "00:08:57", "end": "00:09:02", "text": "where you can turn 1K into 10K. I"}, {"start": "00:09:00", "end": "00:09:04", "text": "believe this in crypto. I know this is"}, {"start": "00:09:02", "end": "00:09:07", "text": "possible. Here's the deal. You either"}, {"start": "00:09:04", "end": "00:09:09", "text": "believe in crypto or you're wrong. It's"}, {"start": "00:09:07", "end": "00:09:12", "text": "not that hard to comprehend. Make sure"}, {"start": "00:09:09", "end": "00:09:14", "text": "you follow Altcoin Daily on X. Subscribe"}, {"start": "00:09:12", "end": "00:09:17", "text": "to Altcoin Daily on YouTube. If you're"}, {"start": "00:09:14", "end": "00:09:19", "text": "interested in having an edge in the"}, {"start": "00:09:17", "end": "00:09:21", "text": "crypto space, subscribe to our channel."}, {"start": "00:09:19", "end": "00:09:23", "text": "Watch every day. We release interviews"}, {"start": "00:09:21", "end": "00:09:26", "text": "with the biggest players and daily"}, {"start": "00:09:23", "end": "00:09:29", "text": "videos breaking the market down. My name"}, {"start": "00:09:26", "end": "00:09:29", "text": "is Aaron. See you tomorrow, my friends."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "We do have a more aggressive, powerful,"}, {"start": "00:00:02", "end": "00:00:06", "text": "euphoric bull run. Again, not"}, {"start": "00:00:04", "end": "00:00:07", "text": "guaranteed, but I think there's a high"}, {"start": "00:00:06", "end": "00:00:09", "text": "probability of that because of those"}, {"start": "00:00:07", "end": "00:00:11", "text": "things in place where we've crossed the"}, {"start": "00:00:09", "end": "00:00:14", "text": "chasm of this is"}, {"start": "00:00:11", "end": "00:00:16", "text": "magic internet money to this is the"}, {"start": "00:00:14", "end": "00:00:18", "text": "layer to build on for the future."}, {"start": "00:00:16", "end": "00:00:20", "text": "Blockchain is the layer, right?"}, {"start": "00:00:18", "end": "00:00:22", "text": "Regardless of which industry you're in,"}, {"start": "00:00:20", "end": "00:00:25", "text": "we could see Bitcoin hit those Fibonacci"}, {"start": "00:00:22", "end": "00:00:27", "text": "levels, so taking us to 200k and those"}, {"start": "00:00:25", "end": "00:00:29", "text": "things. And it aligns also with the new"}, {"start": "00:00:27", "end": "00:00:31", "text": "money printing cycle. We know the Fed"}, {"start": "00:00:29", "end": "00:00:33", "text": "has already started QE. They announced"}, {"start": "00:00:31", "end": "00:00:35", "text": "it in December 2025, but I think that's"}, {"start": "00:00:33", "end": "00:00:37", "text": "going to accelerate as they raise that"}, {"start": "00:00:35", "end": "00:00:38", "text": "ceiling, as they do military spending."}, {"start": "00:00:37", "end": "00:00:40", "text": "Where are they going to get the money"}, {"start": "00:00:38", "end": "00:00:42", "text": "from? They're going to have to print."}, {"start": "00:00:40", "end": "00:00:43", "text": "The debt continues to run up, and it's"}, {"start": "00:00:42", "end": "00:00:44", "text": "the same thing over and over. And I"}, {"start": "00:00:43", "end": "00:00:46", "text": "think"}, {"start": "00:00:44", "end": "00:00:48", "text": "Look, I'm looking for ETH over 10k. I"}, {"start": "00:00:46", "end": "00:00:51", "text": "don't think that's unrealistic. A"}, {"start": "00:00:48", "end": "00:00:53", "text": "Bitcoin over 180k. You know, how high it"}, {"start": "00:00:51", "end": "00:00:56", "text": "goes beyond that is tough, but the"}, {"start": "00:00:53", "end": "00:01:00", "text": "catalyst, regulation, major on-ramps,"}, {"start": "00:00:56", "end": "00:01:00", "text": "and the new money printing cycle."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I believe this is absolute rocket fuel"}, {"start": "00:00:02", "end": "00:00:07", "text": "for crypto and markets have not figured"}, {"start": "00:00:05", "end": "00:00:12", "text": "this out yet. So it's sort of the"}, {"start": "00:00:07", "end": "00:00:14", "text": "perfect storm of three big catalysts and"}, {"start": "00:00:12", "end": "00:00:16", "text": "what that will mean for crypto may shock"}, {"start": "00:00:14", "end": "00:00:18", "text": "you. And some of this"}, {"start": "00:00:16", "end": "00:00:21", "text": "it's not a secret. Inflation is at its"}, {"start": "00:00:18", "end": "00:00:24", "text": "highest level in two years. This"}, {"start": "00:00:21", "end": "00:00:26", "text": "directly This is directly from oil"}, {"start": "00:00:24", "end": "00:00:27", "text": "prices just exploding cuz the Strait of"}, {"start": "00:00:26", "end": "00:00:29", "text": "Hormuz is still closed."}, {"start": "00:00:27", "end": "00:00:31", "text": ">> The bad news is that we have not reached"}, {"start": "00:00:29", "end": "00:00:32", "text": "an agreement and they have chosen not to"}, {"start": "00:00:31", "end": "00:00:34", "text": "accept our terms."}, {"start": "00:00:32", "end": "00:00:36", "text": ">> This does not look like it's ending"}, {"start": "00:00:34", "end": "00:00:39", "text": "anytime soon. I mean Trump has said"}, {"start": "00:00:36", "end": "00:00:41", "text": "anybody challenging the blockade he puts"}, {"start": "00:00:39", "end": "00:00:43", "text": "he has put up the Iranian ships will be"}, {"start": "00:00:41", "end": "00:00:46", "text": "eliminated. And I'm not saying the world"}, {"start": "00:00:43", "end": "00:00:48", "text": "is ending. I'm just saying that prices"}, {"start": "00:00:46", "end": "00:00:50", "text": "of a lot of things a lot of things will"}, {"start": "00:00:48", "end": "00:00:53", "text": "be higher longer and I don't think we've"}, {"start": "00:00:50", "end": "00:00:55", "text": "even seen the initial"}, {"start": "00:00:53", "end": "00:00:57", "text": "inflation work its way through the"}, {"start": "00:00:55", "end": "00:01:00", "text": "economy yet of anything but gasoline."}, {"start": "00:00:57", "end": "00:01:02", "text": "Higher inflation is undoubtedly good for"}, {"start": "00:01:00", "end": "00:01:05", "text": "scarce assets. But like I said perfect"}, {"start": "00:01:02", "end": "00:01:07", "text": "storm. We also have Mythos. What is"}, {"start": "00:01:05", "end": "00:01:09", "text": "Mythos and why are Besant and Paal"}, {"start": "00:01:07", "end": "00:01:11", "text": "warning US banks about it?"}, {"start": "00:01:09", "end": "00:01:13", "text": ">> Now as a reminder on Tuesday Anthropic"}, {"start": "00:01:11", "end": "00:01:16", "text": "announced a preview of its latest AI"}, {"start": "00:01:13", "end": "00:01:18", "text": "model Claude Mythos in a limited"}, {"start": "00:01:16", "end": "00:01:20", "text": "capacity due to concerns that hackers"}, {"start": "00:01:18", "end": "00:01:22", "text": "could exploit its capabilities. Mythos"}, {"start": "00:01:20", "end": "00:01:24", "text": "has already found thousands of high"}, {"start": "00:01:22", "end": "00:01:26", "text": "severity vulnerabilities across the"}, {"start": "00:01:24", "end": "00:01:28", "text": "corporate world including some in quote"}, {"start": "00:01:26", "end": "00:01:30", "text": "every major operating system and web"}, {"start": "00:01:28", "end": "00:01:33", "text": "browser. This is"}, {"start": "00:01:30", "end": "00:01:35", "text": "scary for the financial sector. This has"}, {"start": "00:01:33", "end": "00:01:39", "text": "the potential to to severely upset"}, {"start": "00:01:35", "end": "00:01:40", "text": "financial services companies, banks, and"}, {"start": "00:01:39", "end": "00:01:42", "text": "of course if people are scared of the"}, {"start": "00:01:40", "end": "00:01:46", "text": "future of of"}, {"start": "00:01:42", "end": "00:01:48", "text": "financial entities or banks, things like"}, {"start": "00:01:46", "end": "00:01:50", "text": "Bitcoin become or Ethereum decentralized"}, {"start": "00:01:48", "end": "00:01:53", "text": "finance become a little bit more of a"}, {"start": "00:01:50", "end": "00:01:55", "text": "life row a life raft. And what this all"}, {"start": "00:01:53", "end": "00:01:57", "text": "culminates to are something called"}, {"start": "00:01:55", "end": "00:01:59", "text": "negative real rates."}, {"start": "00:01:57", "end": "00:02:01", "text": ">> Here are the returns for Bitcoin. We are"}, {"start": "00:01:59", "end": "00:02:04", "text": "about to enter this quadrant very very"}, {"start": "00:02:01", "end": "00:02:06", "text": "soon. Which is rocket fuel for Bitcoin."}, {"start": "00:02:04", "end": "00:02:09", "text": "This is something outlined by heavily"}, {"start": "00:02:06", "end": "00:02:10", "text": "respected investor. He he is he is"}, {"start": "00:02:09", "end": "00:02:13", "text": "heavily respected in traditional"}, {"start": "00:02:10", "end": "00:02:15", "text": "finance. He has managed billions in the"}, {"start": "00:02:13", "end": "00:02:18", "text": "traditional world. He's now sharing some"}, {"start": "00:02:15", "end": "00:02:19", "text": "of his insights for free to the public"}, {"start": "00:02:18", "end": "00:02:22", "text": "on YouTube. I'll link his channel down"}, {"start": "00:02:19", "end": "00:02:24", "text": "below. But as outlined by Jordi Visser,"}, {"start": "00:02:22", "end": "00:02:26", "text": "I will be sharing with you about three"}, {"start": "00:02:24", "end": "00:02:28", "text": "and a half minutes of a video he has"}, {"start": "00:02:26", "end": "00:02:31", "text": "just put out. And by the way, this is"}, {"start": "00:02:28", "end": "00:02:32", "text": "such great information. It's over 40"}, {"start": "00:02:31", "end": "00:02:35", "text": "minutes long. I'm only sharing you three"}, {"start": "00:02:32", "end": "00:02:37", "text": "minutes. But Jordi just has 54,000"}, {"start": "00:02:35", "end": "00:02:39", "text": "subscribers. I'll link this all I This"}, {"start": "00:02:37", "end": "00:02:41", "text": "guy puts out such great information. I"}, {"start": "00:02:39", "end": "00:02:44", "text": "want to subscribe. I'll put his link"}, {"start": "00:02:41", "end": "00:02:47", "text": "down below. I am subscribed. Can we"}, {"start": "00:02:44", "end": "00:02:49", "text": "explode Jordi's subscriber count to over"}, {"start": "00:02:47", "end": "00:02:51", "text": "60,000 subscribers? We I've never had"}, {"start": "00:02:49", "end": "00:02:53", "text": "contact with Jordi. He does not know the"}, {"start": "00:02:51", "end": "00:02:56", "text": "Altcoin Daily Army is doing this. Can"}, {"start": "00:02:53", "end": "00:02:58", "text": "the Altcoin Daily Army explode"}, {"start": "00:02:56", "end": "00:02:59", "text": "his subscriber count? And if you did"}, {"start": "00:02:58", "end": "00:03:02", "text": "comment down his next video or that"}, {"start": "00:02:59", "end": "00:03:04", "text": "video right there, um Altcoin Daily sent"}, {"start": "00:03:02", "end": "00:03:06", "text": "me. So let me share with you this clip"}, {"start": "00:03:04", "end": "00:03:09", "text": "and then react Jordi Visser Visser"}, {"start": "00:03:06", "end": "00:03:11", "text": "sharing why rocket fuel is about to be"}, {"start": "00:03:09", "end": "00:03:13", "text": "poured on"}, {"start": "00:03:11", "end": "00:03:16", "text": "the Bitcoin and crypto market."}, {"start": "00:03:13", "end": "00:03:18", "text": "Uh I mentioned this before. I will keep"}, {"start": "00:03:16", "end": "00:03:19", "text": "showing it until it's no longer true."}, {"start": "00:03:18", "end": "00:03:20", "text": "When financials are below the 200-day"}, {"start": "00:03:19", "end": "00:03:22", "text": "moving average and they are the worst"}, {"start": "00:03:20", "end": "00:03:23", "text": "performing sector, which is where we are"}, {"start": "00:03:22", "end": "00:03:27", "text": "right now,"}, {"start": "00:03:23", "end": "00:03:28", "text": "bad things happen. Uh"}, {"start": "00:03:27", "end": "00:03:30", "text": "Even with the bounce we've seen,"}, {"start": "00:03:28", "end": "00:03:32", "text": "financials are still there and as I"}, {"start": "00:03:30", "end": "00:03:34", "text": "showed you, this happened this week. So"}, {"start": "00:03:32", "end": "00:03:36", "text": "by the way, he's not saying everything's"}, {"start": "00:03:34", "end": "00:03:38", "text": "going to have rocket fuel. Financials"}, {"start": "00:03:36", "end": "00:03:41", "text": "are doing bad. The SaaS apocalypse"}, {"start": "00:03:38", "end": "00:03:44", "text": "software as a service stocks"}, {"start": "00:03:41", "end": "00:03:46", "text": "still seemingly doing bad. But then it"}, {"start": "00:03:44", "end": "00:03:48", "text": "ties into why Bitcoin is starting to"}, {"start": "00:03:46", "end": "00:03:50", "text": "decouple. So software went down, but we"}, {"start": "00:03:48", "end": "00:03:53", "text": "didn't get a bounce in private equity."}, {"start": "00:03:50", "end": "00:03:54", "text": "What we did get a bounce in"}, {"start": "00:03:53", "end": "00:03:57", "text": "is Bitcoin."}, {"start": "00:03:54", "end": "00:03:59", "text": "So for everyone there who loves Bitcoin"}, {"start": "00:03:57", "end": "00:04:00", "text": "and watches me and reads my stuff on"}, {"start": "00:03:59", "end": "00:04:02", "text": "Bitcoin,"}, {"start": "00:04:00", "end": "00:04:04", "text": "uh this will be your favorite five or"}, {"start": "00:04:02", "end": "00:04:06", "text": "six slides. For the institutional side,"}, {"start": "00:04:04", "end": "00:04:08", "text": "you may not like this."}, {"start": "00:04:06", "end": "00:04:10", "text": "Uh by the end of this year guys, you're"}, {"start": "00:04:08", "end": "00:04:12", "text": "going to be focused on it. Um it was a"}, {"start": "00:04:10", "end": "00:04:14", "text": "big week for Bitcoin relative to"}, {"start": "00:04:12", "end": "00:04:16", "text": "software. It was a big week for the"}, {"start": "00:04:14", "end": "00:04:18", "text": "miners as well."}, {"start": "00:04:16", "end": "00:04:19", "text": "It was a big week for Ethereum. We are"}, {"start": "00:04:18", "end": "00:04:22", "text": "starting to get to a point where we're"}, {"start": "00:04:19", "end": "00:04:23", "text": "getting a break in correlation. So last"}, {"start": "00:04:22", "end": "00:04:25", "text": "Friday was the break in correlation"}, {"start": "00:04:23", "end": "00:04:26", "text": "between oil"}, {"start": "00:04:25", "end": "00:04:28", "text": "and stocks."}, {"start": "00:04:26", "end": "00:04:30", "text": "We have a break in correlation right now"}, {"start": "00:04:28", "end": "00:04:32", "text": "between Bitcoin and software. It is"}, {"start": "00:04:30", "end": "00:04:33", "text": "incredibly noticeable. Straight line"}, {"start": "00:04:32", "end": "00:04:35", "text": "down,"}, {"start": "00:04:33", "end": "00:04:38", "text": "a move higher."}, {"start": "00:04:35", "end": "00:04:41", "text": "This is"}, {"start": "00:04:38", "end": "00:04:43", "text": "two years of overlay between software"}, {"start": "00:04:41", "end": "00:04:45", "text": "and Bitcoin. So for the last two years"}, {"start": "00:04:43", "end": "00:04:47", "text": "we've seen one thing. We're starting to"}, {"start": "00:04:45", "end": "00:04:49", "text": "see a decoupling Bitcoin break away."}, {"start": "00:04:47", "end": "00:04:51", "text": "Another thing what I'm going to be"}, {"start": "00:04:49", "end": "00:04:52", "text": "paying attention to over the next few"}, {"start": "00:04:51", "end": "00:04:54", "text": "weeks are"}, {"start": "00:04:52", "end": "00:04:57", "text": "can the decoupling continue? Because of"}, {"start": "00:04:54", "end": "00:04:59", "text": "Bitcoin, you can see like right there,"}, {"start": "00:04:57", "end": "00:05:00", "text": "this it's started, but I want to see"}, {"start": "00:04:59", "end": "00:05:02", "text": "that maintain"}, {"start": "00:05:00", "end": "00:05:04", "text": "and we get more of a confirmation in the"}, {"start": "00:05:02", "end": "00:05:06", "text": "weeks to come. That will be my tell. But"}, {"start": "00:05:04", "end": "00:05:09", "text": "that's just one out of many things of"}, {"start": "00:05:06", "end": "00:05:09", "text": "the perfect storm. Let's keep going."}, {"start": "00:05:09", "end": "00:05:14", "text": "Here's the relative trade. Almost back"}, {"start": "00:05:12", "end": "00:05:16", "text": "up to the all-time highs. I showed this"}, {"start": "00:05:14", "end": "00:05:17", "text": "chart many many times and said this"}, {"start": "00:05:16", "end": "00:05:20", "text": "thing had done well even when it was"}, {"start": "00:05:17", "end": "00:05:23", "text": "down here relative to software"}, {"start": "00:05:20", "end": "00:05:26", "text": "once we get to the point Bitcoin has no"}, {"start": "00:05:23", "end": "00:05:28", "text": "disruption to AI."}, {"start": "00:05:26", "end": "00:05:30", "text": "Every bank has a disruption as we're"}, {"start": "00:05:28", "end": "00:05:33", "text": "seeing to Mythos. Get ready for"}, {"start": "00:05:30", "end": "00:05:36", "text": "hackings. Your money inside the bank, as"}, {"start": "00:05:33", "end": "00:05:38", "text": "much as you think it is safe, is now at"}, {"start": "00:05:36", "end": "00:05:40", "text": "risk of hack."}, {"start": "00:05:38", "end": "00:05:42", "text": "Cryptography is far safer. Quantum is"}, {"start": "00:05:40", "end": "00:05:44", "text": "down the road. So for all of the ironic"}, {"start": "00:05:42", "end": "00:05:47", "text": "nature of this,"}, {"start": "00:05:44", "end": "00:05:49", "text": "one hacking in a bank, I think a lot of"}, {"start": "00:05:47", "end": "00:05:52", "text": "money's going to move into Bitcoin."}, {"start": "00:05:49", "end": "00:05:54", "text": "Get involved with the theory of getting"}, {"start": "00:05:52", "end": "00:05:57", "text": "things on chain and getting them safer."}, {"start": "00:05:54", "end": "00:05:59", "text": "And that's true. It doesn't really make"}, {"start": "00:05:57", "end": "00:06:00", "text": "sense to me and the market is starting"}, {"start": "00:05:59", "end": "00:06:04", "text": "to figure this out. It doesn't really"}, {"start": "00:06:00", "end": "00:06:07", "text": "make sense that AI will affect scarce"}, {"start": "00:06:04", "end": "00:06:10", "text": "digital scarcity that is Bitcoin like it"}, {"start": "00:06:07", "end": "00:06:11", "text": "will affect software as a service"}, {"start": "00:06:10", "end": "00:06:14", "text": "companies in the world of AI where"}, {"start": "00:06:11", "end": "00:06:17", "text": "everything is now infinite infinite art,"}, {"start": "00:06:14", "end": "00:06:19", "text": "infinite articles, websites written by"}, {"start": "00:06:17", "end": "00:06:21", "text": "Claude, digital scarcity is something"}, {"start": "00:06:19", "end": "00:06:22", "text": "different. It's not SaaS. Again, that's"}, {"start": "00:06:21", "end": "00:06:25", "text": "what we're starting to see in the"}, {"start": "00:06:22", "end": "00:06:28", "text": "market. Here's the weekly move. Largest"}, {"start": "00:06:25", "end": "00:06:31", "text": "in the last two years by far. 22%"}, {"start": "00:06:28", "end": "00:06:34", "text": "outperformance this week."}, {"start": "00:06:31", "end": "00:06:36", "text": "Here's Bitcoin with MACD crossover guys."}, {"start": "00:06:34", "end": "00:06:37", "text": "The weekly MACD crossover. I would draw"}, {"start": "00:06:36", "end": "00:06:39", "text": "a trend line right down here. We are"}, {"start": "00:06:37", "end": "00:06:41", "text": "right on that right now. And by the way,"}, {"start": "00:06:39", "end": "00:06:42", "text": "just to clue everybody in so we're all"}, {"start": "00:06:41", "end": "00:06:45", "text": "on the same page, what is the"}, {"start": "00:06:42", "end": "00:06:48", "text": "significance of MACD in trading? Well,"}, {"start": "00:06:45", "end": "00:06:49", "text": "MACD is the moving average convergence"}, {"start": "00:06:48", "end": "00:06:52", "text": "divergence."}, {"start": "00:06:49", "end": "00:06:54", "text": "Is a popular trend following momentum"}, {"start": "00:06:52", "end": "00:06:57", "text": "indicator. So it indicates momentum to"}, {"start": "00:06:54", "end": "00:06:59", "text": "the positive or to the negative used in"}, {"start": "00:06:57", "end": "00:07:02", "text": "TA to identify changes in strength,"}, {"start": "00:06:59", "end": "00:07:05", "text": "direction, momentum, and duration of an"}, {"start": "00:07:02", "end": "00:07:07", "text": "asset's trend. We see the MACD was in"}, {"start": "00:07:05", "end": "00:07:09", "text": "the negative for the last six plus"}, {"start": "00:07:07", "end": "00:07:12", "text": "months. We're starting to see the trend"}, {"start": "00:07:09", "end": "00:07:14", "text": "change. And even before MACD dropped in"}, {"start": "00:07:12", "end": "00:07:16", "text": "the negative, we saw weaker MACD of the"}, {"start": "00:07:14", "end": "00:07:20", "text": "positive, right? It was getting weaker,"}, {"start": "00:07:16", "end": "00:07:21", "text": "weaker, lower highs. And now then of"}, {"start": "00:07:20", "end": "00:07:23", "text": "course we had the bottoming out"}, {"start": "00:07:21", "end": "00:07:25", "text": "hopefully and now the trend changes"}, {"start": "00:07:23", "end": "00:07:27", "text": "happening. Something to note."}, {"start": "00:07:25", "end": "00:07:29", "text": ">> Uh I think once we get above this high"}, {"start": "00:07:27", "end": "00:07:32", "text": "right there with the MACD's now crossed"}, {"start": "00:07:29", "end": "00:07:33", "text": "over in there and a break in correlation"}, {"start": "00:07:32", "end": "00:07:35", "text": "and the fact that I think we're about to"}, {"start": "00:07:33", "end": "00:07:37", "text": "get some really good news, which I'm"}, {"start": "00:07:35", "end": "00:07:39", "text": "going to show you now,"}, {"start": "00:07:37", "end": "00:07:41", "text": "I'd be ready. So this is Fed funds"}, {"start": "00:07:39", "end": "00:07:44", "text": "versus CPI."}, {"start": "00:07:41", "end": "00:07:46", "text": "Uh right now we've got the Fed funds"}, {"start": "00:07:44", "end": "00:07:48", "text": "contract here. CPI actually bumped up"}, {"start": "00:07:46", "end": "00:07:50", "text": "today. It's up to 3.3. We're about to"}, {"start": "00:07:48", "end": "00:07:52", "text": "cross over."}, {"start": "00:07:50", "end": "00:07:53", "text": "Uh it's"}, {"start": "00:07:52", "end": "00:07:58", "text": "See this period here? This is when we"}, {"start": "00:07:53", "end": "00:07:58", "text": "had CPI above there. CPI above"}, {"start": "00:07:58", "end": "00:08:02", "text": "Fed funds rate doesn't happen too often."}, {"start": "00:08:00", "end": "00:08:05", "text": "So just to be clear, CPI stands it's"}, {"start": "00:08:02", "end": "00:08:08", "text": "inflation. It stands for consumer price"}, {"start": "00:08:05", "end": "00:08:10", "text": "index measure measures inflation. Fed's"}, {"start": "00:08:08", "end": "00:08:14", "text": "fund rate, that's obvious. Uh right now"}, {"start": "00:08:10", "end": "00:08:17", "text": "it's at a target of 3.5 to 3.75. If CPI"}, {"start": "00:08:14", "end": "00:08:20", "text": "is over the Fed funds rate for any"}, {"start": "00:08:17", "end": "00:08:23", "text": "significant amount of time, that's when"}, {"start": "00:08:20", "end": "00:08:24", "text": "real rates are negative."}, {"start": "00:08:23", "end": "00:08:26", "text": "That's rocket fuel."}, {"start": "00:08:24", "end": "00:08:29", "text": ">> Here this is when we had CPI above"}, {"start": "00:08:26", "end": "00:08:32", "text": "there. CPI above"}, {"start": "00:08:29", "end": "00:08:33", "text": "Fed funds rate doesn't happen too often."}, {"start": "00:08:32", "end": "00:08:35", "text": "Here's three-month bills. Real"}, {"start": "00:08:33", "end": "00:08:37", "text": "three-month bills. So this is using"}, {"start": "00:08:35", "end": "00:08:40", "text": "year-over-year CPI and three-month"}, {"start": "00:08:37", "end": "00:08:43", "text": "bills, which are currently around 364"}, {"start": "00:08:40", "end": "00:08:45", "text": "and you've got CPI at 3.2. So that's"}, {"start": "00:08:43", "end": "00:08:49", "text": "where you get this point four number."}, {"start": "00:08:45", "end": "00:08:50", "text": "Uh the the red line here is zero."}, {"start": "00:08:49", "end": "00:08:53", "text": "The reason this matters."}, {"start": "00:08:50", "end": "00:08:56", "text": "Here are the returns for Bitcoin using"}, {"start": "00:08:53", "end": "00:08:59", "text": "the matrix of"}, {"start": "00:08:56", "end": "00:09:02", "text": "are real rates positive"}, {"start": "00:08:59", "end": "00:09:05", "text": "and are the Fed funds rates rising. So"}, {"start": "00:09:02", "end": "00:09:09", "text": "think of this as positive real yields."}, {"start": "00:09:05", "end": "00:09:11", "text": "So we've got the Fed funds rate above"}, {"start": "00:09:09", "end": "00:09:14", "text": "uh there and"}, {"start": "00:09:11", "end": "00:09:15", "text": "we have Fed funds rate rising."}, {"start": "00:09:14", "end": "00:09:17", "text": "You don't want to be in there when the"}, {"start": "00:09:15", "end": "00:09:18", "text": "Fed funds rate is rising. You don't want"}, {"start": "00:09:17", "end": "00:09:21", "text": "to be in there when you've got positive"}, {"start": "00:09:18", "end": "00:09:22", "text": "real yields. Now, if you've got negative"}, {"start": "00:09:21", "end": "00:09:25", "text": "real yields"}, {"start": "00:09:22", "end": "00:09:27", "text": "and the Fed fund is on hold or easing,"}, {"start": "00:09:25", "end": "00:09:29", "text": "here's your return."}, {"start": "00:09:27", "end": "00:09:31", "text": "All of the return is basically in that"}, {"start": "00:09:29", "end": "00:09:34", "text": "period. We are about to enter this"}, {"start": "00:09:31", "end": "00:09:37", "text": "quadrant very very soon. The next CPI"}, {"start": "00:09:34", "end": "00:09:39", "text": "print will put us there."}, {"start": "00:09:37", "end": "00:09:41", "text": "That's the time you want to own Bitcoin."}, {"start": "00:09:39", "end": "00:09:44", "text": "There is noise and there is signal. To"}, {"start": "00:09:41", "end": "00:09:45", "text": "me that is signal. He gives such great"}, {"start": "00:09:44", "end": "00:09:48", "text": "information. Give him a follow,"}, {"start": "00:09:45", "end": "00:09:49", "text": "subscribe. Again, link down below. I'm"}, {"start": "00:09:48", "end": "00:09:52", "text": "going to be keeping you updated on all"}, {"start": "00:09:49", "end": "00:09:55", "text": "those charts in the next few weeks and"}, {"start": "00:09:52", "end": "00:09:57", "text": "keep tabs to understand what's next for"}, {"start": "00:09:55", "end": "00:10:01", "text": "crypto investors. By the way, my brother"}, {"start": "00:09:57", "end": "00:10:03", "text": "and I will be in Bitcoin Vegas speaking"}, {"start": "00:10:01", "end": "00:10:05", "text": "Bitcoin Vegas uh conference coming up at"}, {"start": "00:10:03", "end": "00:10:07", "text": "the end of this month."}, {"start": "00:10:05", "end": "00:10:09", "text": "Use code Altcoin Daily for 10% off your"}, {"start": "00:10:07", "end": "00:10:11", "text": "ticket and 10% off your hotel room if"}, {"start": "00:10:09", "end": "00:10:13", "text": "you choose. It's going to be so awesome."}, {"start": "00:10:11", "end": "00:10:15", "text": "I'll talk to you a lot of you guys then."}, {"start": "00:10:13", "end": "00:10:16", "text": "Um and I hope to see you there."}, {"start": "00:10:15", "end": "00:10:19", "text": "We'll keep tabs on all this like always."}, {"start": "00:10:16", "end": "00:10:19", "text": "See you tomorrow."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "But I do believe there's more downside."}, {"start": "00:00:02", "end": "00:00:07", "text": "I do believe that uh Bitcoin may go test"}, {"start": "00:00:04", "end": "00:00:09", "text": "the 50ks, find a bottom there, and then"}, {"start": "00:00:07", "end": "00:00:11", "text": "we bounce. I believe that Trump is not"}, {"start": "00:00:09", "end": "00:00:13", "text": "going to want to go into the midterm"}, {"start": "00:00:11", "end": "00:00:14", "text": "elections with the economy in the"}, {"start": "00:00:13", "end": "00:00:16", "text": "dumpster, with the markets in the"}, {"start": "00:00:14", "end": "00:00:19", "text": "dumpster. He's going to want that thing"}, {"start": "00:00:16", "end": "00:00:21", "text": "pumping, right? We know the MO here."}, {"start": "00:00:19", "end": "00:00:25", "text": ">> I mean, let's go."}, {"start": "00:00:21", "end": "00:00:26", "text": ">> Yeah. But before there there's a a"}, {"start": "00:00:25", "end": "00:00:28", "text": "process to the whole madness, if you"}, {"start": "00:00:26", "end": "00:00:31", "text": "want to call it that. The crypto market"}, {"start": "00:00:28", "end": "00:00:34", "text": "is about to get insane. At least"}, {"start": "00:00:31", "end": "00:00:37", "text": "according to market analyst Tony Edwards"}, {"start": "00:00:34", "end": "00:00:39", "text": "of the popular YouTube channel Thinking"}, {"start": "00:00:37", "end": "00:00:42", "text": "Crypto. Prepare for the craziest crypto"}, {"start": "00:00:39", "end": "00:00:44", "text": "market that you have ever seen. I"}, {"start": "00:00:42", "end": "00:00:46", "text": "believe we have to bottom out. Trump's"}, {"start": "00:00:44", "end": "00:00:48", "text": "Fed chair comes in. I believe they ramp"}, {"start": "00:00:46", "end": "00:00:49", "text": "up QE in different ways. They may not"}, {"start": "00:00:48", "end": "00:00:51", "text": "call it QE."}, {"start": "00:00:49", "end": "00:00:53", "text": ">> Take two seconds. Smash the like button."}, {"start": "00:00:51", "end": "00:00:55", "text": "Share this interview with one friend. If"}, {"start": "00:00:53", "end": "00:00:57", "text": "you hold Bitcoin in crypto, the"}, {"start": "00:00:55", "end": "00:00:59", "text": "floodgates are about to open. I think"}, {"start": "00:00:57", "end": "00:01:01", "text": "the floodgates are going to open. I"}, {"start": "00:00:59", "end": "00:01:03", "text": "think the super cycle that people have"}, {"start": "00:01:01", "end": "00:01:05", "text": "been talking about for ages, right,"}, {"start": "00:01:03", "end": "00:01:08", "text": "Erin? We've heard about this super"}, {"start": "00:01:05", "end": "00:01:11", "text": "cycle. Bitcoin super. Not yet. But once"}, {"start": "00:01:08", "end": "00:01:13", "text": "we have these dominoes in place, that's"}, {"start": "00:01:11", "end": "00:01:16", "text": "where the capital can flow in. No more"}, {"start": "00:01:13", "end": "00:01:18", "text": "ambiguity, no more confusion. Here are"}, {"start": "00:01:16", "end": "00:01:20", "text": "the guardrails and here are the"}, {"start": "00:01:18", "end": "00:01:23", "text": "on-ramps. And I think that sets us up"}, {"start": "00:01:20", "end": "00:01:25", "text": "for that super cycle. Tony Edwards, the"}, {"start": "00:01:23", "end": "00:01:29", "text": "man, the myth, the legend. Huge audience"}, {"start": "00:01:25", "end": "00:01:31", "text": "over at Thinking Crypto. There's so much"}, {"start": "00:01:29", "end": "00:01:33", "text": "to talk about with crypto nowadays. So"}, {"start": "00:01:31", "end": "00:01:35", "text": "much going on, whether it's Quantum or"}, {"start": "00:01:33", "end": "00:01:37", "text": "Clarity Act or Wall Street adoption or"}, {"start": "00:01:35", "end": "00:01:39", "text": "what's going on in the world with the"}, {"start": "00:01:37", "end": "00:01:41", "text": "Iran war, the economy,"}, {"start": "00:01:39", "end": "00:01:42", "text": "um before we dive into your future"}, {"start": "00:01:41", "end": "00:01:44", "text": "thoughts, well, first of all, Tony, how"}, {"start": "00:01:42", "end": "00:01:45", "text": "are you doing today?"}, {"start": "00:01:44", "end": "00:01:47", "text": ">> I'm doing great. Obviously trying to"}, {"start": "00:01:45", "end": "00:01:49", "text": "survive the bare market just like you"}, {"start": "00:01:47", "end": "00:01:51", "text": "and everybody else. uh you know it's all"}, {"start": "00:01:49", "end": "00:01:53", "text": "cyclical but uh we we'll get through it."}, {"start": "00:01:51", "end": "00:01:55", "text": ">> Glad to have you on today to talk about"}, {"start": "00:01:53", "end": "00:01:56", "text": "how to survive the bare market because"}, {"start": "00:01:55", "end": "00:01:58", "text": "people who are watching crypto content"}, {"start": "00:01:56", "end": "00:02:02", "text": "and learning about crypto today are"}, {"start": "00:01:58", "end": "00:02:04", "text": "certainly uh going to be well prepared."}, {"start": "00:02:02", "end": "00:02:07", "text": "But before we talk about kind of what"}, {"start": "00:02:04", "end": "00:02:09", "text": "you think uh you know happens next like"}, {"start": "00:02:07", "end": "00:02:11", "text": "kind of define crypto today where is"}, {"start": "00:02:09", "end": "00:02:12", "text": "crypto today with everything going on in"}, {"start": "00:02:11", "end": "00:02:15", "text": "the world."}, {"start": "00:02:12", "end": "00:02:17", "text": ">> Sure. So we are absolutely in a bare"}, {"start": "00:02:15", "end": "00:02:20", "text": "market. Obviously, Bitcoin saw a massive"}, {"start": "00:02:17", "end": "00:02:22", "text": "downturn from $126,000, which it hit in"}, {"start": "00:02:20", "end": "00:02:24", "text": "October. And there's some controversy"}, {"start": "00:02:22", "end": "00:02:26", "text": "obviously around the October 10th 11"}, {"start": "00:02:24", "end": "00:02:28", "text": "situation that took place at Binance,"}, {"start": "00:02:26", "end": "00:02:31", "text": "but that spilled milk under the bridge,"}, {"start": "00:02:28", "end": "00:02:34", "text": "as they would say. Um, and now we're"}, {"start": "00:02:31", "end": "00:02:35", "text": "hovering around 71,000. I think we're in"}, {"start": "00:02:34", "end": "00:02:38", "text": "the midst of a some sort of small relief"}, {"start": "00:02:35", "end": "00:02:40", "text": "rally, but I do believe there's more"}, {"start": "00:02:38", "end": "00:02:42", "text": "downside. Now, those thing that's not"}, {"start": "00:02:40", "end": "00:02:44", "text": "guaranteed, but I would say there is a"}, {"start": "00:02:42", "end": "00:02:46", "text": "high probability of it happening. I do"}, {"start": "00:02:44", "end": "00:02:49", "text": "believe that uh Bitcoin may go test the"}, {"start": "00:02:46", "end": "00:02:52", "text": "50ks, find a bottom there, and then we"}, {"start": "00:02:49", "end": "00:02:54", "text": "bounce. Uh I think you want to look at"}, {"start": "00:02:52", "end": "00:02:56", "text": "the stock market and everything else"}, {"start": "00:02:54", "end": "00:02:59", "text": "that's happening out there in the macro"}, {"start": "00:02:56", "end": "00:03:02", "text": "to get a gauge. Um I I'm optimistic for"}, {"start": "00:02:59", "end": "00:03:04", "text": "later in the year. Um and I believe that"}, {"start": "00:03:02", "end": "00:03:06", "text": "Trump is not going to want to go into"}, {"start": "00:03:04", "end": "00:03:08", "text": "the midterm elections with the economy"}, {"start": "00:03:06", "end": "00:03:09", "text": "in a dumpster, with the markets in a"}, {"start": "00:03:08", "end": "00:03:13", "text": "dumpster. He's going to want that thing"}, {"start": "00:03:09", "end": "00:03:14", "text": "pumping. Right. We know the MO here. I"}, {"start": "00:03:13", "end": "00:03:18", "text": "mean, let's go."}, {"start": "00:03:14", "end": "00:03:20", "text": ">> Yeah. But before there there's a a"}, {"start": "00:03:18", "end": "00:03:21", "text": "process to the whole madness, if you"}, {"start": "00:03:20", "end": "00:03:23", "text": "want to call it that, I believe we have"}, {"start": "00:03:21", "end": "00:03:26", "text": "to bottom out. Trump's Fed chair comes"}, {"start": "00:03:23", "end": "00:03:28", "text": "in. I believe they ramp up QE in"}, {"start": "00:03:26", "end": "00:03:29", "text": "different ways. They may not call it QE."}, {"start": "00:03:28", "end": "00:03:31", "text": "And I think it's going to be the status"}, {"start": "00:03:29", "end": "00:03:33", "text": "quo, right? There's no other way outside"}, {"start": "00:03:31", "end": "00:03:35", "text": "this fiat system. Uh they're going to"}, {"start": "00:03:33", "end": "00:03:36", "text": "have to keep printing. They're going to"}, {"start": "00:03:35", "end": "00:03:38", "text": "have to raise the debt ceiling. They're"}, {"start": "00:03:36", "end": "00:03:40", "text": "going to have to fund this and that and"}, {"start": "00:03:38", "end": "00:03:41", "text": "whatever. We see we see Trump is already"}, {"start": "00:03:40", "end": "00:03:43", "text": "saying, \"Hey, I have this military"}, {"start": "00:03:41", "end": "00:03:45", "text": "budget and it's higher than it's ever"}, {"start": "00:03:43", "end": "00:03:47", "text": "been than ever before.\" But it's not"}, {"start": "00:03:45", "end": "00:03:50", "text": "specific to Trump. It could be any other"}, {"start": "00:03:47", "end": "00:03:51", "text": "president. This is just the fiat system."}, {"start": "00:03:50", "end": "00:03:53", "text": "And if you understand that that the"}, {"start": "00:03:51", "end": "00:03:56", "text": "currencies being the base, you want to"}, {"start": "00:03:53", "end": "00:03:58", "text": "position yourself in assets with crypto,"}, {"start": "00:03:56", "end": "00:04:00", "text": "stocks, and much more. And be patient."}, {"start": "00:03:58", "end": "00:04:02", "text": ">> So, you are still very bullish on crypto"}, {"start": "00:04:00", "end": "00:04:04", "text": "despite the fact we're in a bare market"}, {"start": "00:04:02", "end": "00:04:06", "text": "and you think we're going lower."}, {"start": "00:04:04", "end": "00:04:08", "text": ">> Yeah. Because I I'm looking at the long"}, {"start": "00:04:06", "end": "00:04:12", "text": "term and I believe the setup for the"}, {"start": "00:04:08", "end": "00:04:17", "text": "long term is amazing. Here's why. We've"}, {"start": "00:04:12", "end": "00:04:19", "text": "seen, Aaron, the most bullish adoption"}, {"start": "00:04:17", "end": "00:04:22", "text": "of crypto by institutions. I'm talking"}, {"start": "00:04:19", "end": "00:04:24", "text": "ETFs, brokerage firms, the biggest"}, {"start": "00:04:22", "end": "00:04:26", "text": "institutions. Just today, Morgan Stanley"}, {"start": "00:04:24", "end": "00:04:28", "text": "launched their Bitcoin ETF. Look at when"}, {"start": "00:04:26", "end": "00:04:30", "text": "they're doing it. This is not the ideal"}, {"start": "00:04:28", "end": "00:04:32", "text": "time to launch an ETF, but they're"}, {"start": "00:04:30", "end": "00:04:34", "text": "looking ahead. we need to get it done"}, {"start": "00:04:32", "end": "00:04:36", "text": "now or Black Rockck and Fidelity are"}, {"start": "00:04:34", "end": "00:04:38", "text": "going to steal our lunch and there's"}, {"start": "00:04:36", "end": "00:04:40", "text": "demand for this asset from our clients."}, {"start": "00:04:38", "end": "00:04:44", "text": "So with these on-ramps being built by"}, {"start": "00:04:40", "end": "00:04:46", "text": "Wall Street plus globally, we got uh"}, {"start": "00:04:44", "end": "00:04:48", "text": "many institutions in Hong Kong, across"}, {"start": "00:04:46", "end": "00:04:49", "text": "Europe, obviously the rest of the Asian"}, {"start": "00:04:48", "end": "00:04:52", "text": "markets. They're building on-ramps,"}, {"start": "00:04:49", "end": "00:04:54", "text": "ETFs, crypto funds, whatever you want to"}, {"start": "00:04:52", "end": "00:04:56", "text": "call it, right? There's different"}, {"start": "00:04:54", "end": "00:04:59", "text": "products being built with those on-ramps"}, {"start": "00:04:56", "end": "00:05:02", "text": "set up for institutional capital. And"}, {"start": "00:04:59", "end": "00:05:03", "text": "you get crypto legislation, not just in"}, {"start": "00:05:02", "end": "00:05:05", "text": "the United States. The United States has"}, {"start": "00:05:03", "end": "00:05:06", "text": "the largest capital market. So yes, it's"}, {"start": "00:05:05", "end": "00:05:09", "text": "important. We get the Clarity Act"}, {"start": "00:05:06", "end": "00:05:12", "text": "passed. You have other smaller countries"}, {"start": "00:05:09", "end": "00:05:14", "text": "building and issuing their legislation."}, {"start": "00:05:12", "end": "00:05:16", "text": "What do you think is going to happen? I"}, {"start": "00:05:14", "end": "00:05:18", "text": "think the floodgates are going to open."}, {"start": "00:05:16", "end": "00:05:20", "text": "I think the super cycle that people have"}, {"start": "00:05:18", "end": "00:05:22", "text": "been talking about for ages, right,"}, {"start": "00:05:20", "end": "00:05:25", "text": "Erin? We've heard about this super"}, {"start": "00:05:22", "end": "00:05:28", "text": "cycle. Bitcoin super. Not yet. But once"}, {"start": "00:05:25", "end": "00:05:30", "text": "we have these dominoes in place, that's"}, {"start": "00:05:28", "end": "00:05:33", "text": "where the capital can flow in. No more"}, {"start": "00:05:30", "end": "00:05:35", "text": "ambiguity, no more confusion. Here are"}, {"start": "00:05:33", "end": "00:05:37", "text": "the guardrails and here are the"}, {"start": "00:05:35", "end": "00:05:39", "text": "on-ramps. And I think that sets us up"}, {"start": "00:05:37", "end": "00:05:42", "text": "for that super cycle."}, {"start": "00:05:39", "end": "00:05:44", "text": ">> And yet in regard to crypto being in a"}, {"start": "00:05:42", "end": "00:05:46", "text": "bare market this year, you know, it"}, {"start": "00:05:44", "end": "00:05:48", "text": "sounds like this time is different. Yet"}, {"start": "00:05:46", "end": "00:05:50", "text": "you think that it seems seems like you"}, {"start": "00:05:48", "end": "00:05:51", "text": "think this bare market is going to play"}, {"start": "00:05:50", "end": "00:05:53", "text": "out like we've seen every bare market"}, {"start": "00:05:51", "end": "00:05:54", "text": "play out before. Is that what informs"}, {"start": "00:05:53", "end": "00:05:56", "text": "your bare market decision? The fact that"}, {"start": "00:05:54", "end": "00:05:59", "text": "you know what has happened to Bitcoin"}, {"start": "00:05:56", "end": "00:06:01", "text": "historically? Um and if so, like what"}, {"start": "00:05:59", "end": "00:06:03", "text": "percentage chance do you give it that"}, {"start": "00:06:01", "end": "00:06:05", "text": "this time is not different? You know,"}, {"start": "00:06:03", "end": "00:06:06", "text": "that's a great question and it's"}, {"start": "00:06:05", "end": "00:06:08", "text": "certainly tough to answer because"}, {"start": "00:06:06", "end": "00:06:09", "text": "certain things you can look back in"}, {"start": "00:06:08", "end": "00:06:12", "text": "hindsight and say, \"Okay, I get it.\""}, {"start": "00:06:09", "end": "00:06:15", "text": "Right? You know, in October, in Q4, I"}, {"start": "00:06:12", "end": "00:06:17", "text": "should say, of uh 2025, Erin, it looked"}, {"start": "00:06:15", "end": "00:06:19", "text": "like the four-year cycle was going to be"}, {"start": "00:06:17", "end": "00:06:20", "text": "broken because you had so many"}, {"start": "00:06:19", "end": "00:06:23", "text": "catalysts. The ETFs were getting"}, {"start": "00:06:20", "end": "00:06:25", "text": "launched and much more. But I think the"}, {"start": "00:06:23", "end": "00:06:28", "text": "headwinds, the macro headwinds, right,"}, {"start": "00:06:25", "end": "00:06:31", "text": "we had poor economic data. We're dealing"}, {"start": "00:06:28", "end": "00:06:33", "text": "in with inflation. uh the Fed, yes, they"}, {"start": "00:06:31", "end": "00:06:36", "text": "were cutting rates and so forth, but it"}, {"start": "00:06:33", "end": "00:06:38", "text": "was just a lot of uncertainty and that"}, {"start": "00:06:36", "end": "00:06:41", "text": "uncertainty carried over into 2026. Then"}, {"start": "00:06:38", "end": "00:06:44", "text": "you add the Iran war and much more. So,"}, {"start": "00:06:41", "end": "00:06:45", "text": "I feel like there was a lot of headwinds"}, {"start": "00:06:44", "end": "00:06:48", "text": "and the markets themselves didn't"}, {"start": "00:06:45", "end": "00:06:51", "text": "perform as great. Not to mention, we"}, {"start": "00:06:48", "end": "00:06:54", "text": "kind of got set back a bit because of"}, {"start": "00:06:51", "end": "00:06:56", "text": "the tariffs. And you, if you recall, if"}, {"start": "00:06:54", "end": "00:06:59", "text": "I'm not mistaken, I get my times right,"}, {"start": "00:06:56", "end": "00:07:01", "text": "uh, February or March of 2025, you look"}, {"start": "00:06:59", "end": "00:07:04", "text": "at the stock market chart, you look at"}, {"start": "00:07:01", "end": "00:07:06", "text": "Bitcoin, big dump, right? We didn't have"}, {"start": "00:07:04", "end": "00:07:08", "text": "that in previous bull markets. So, that"}, {"start": "00:07:06", "end": "00:07:11", "text": "was certainly a headwind. And it came"}, {"start": "00:07:08", "end": "00:07:13", "text": "right after a major surge with Trump's"}, {"start": "00:07:11", "end": "00:07:15", "text": "uh, election or Trump winning the"}, {"start": "00:07:13", "end": "00:07:16", "text": "election. You know, talks of Gary Genser"}, {"start": "00:07:15", "end": "00:07:19", "text": "is out. Uh, things are going to be"}, {"start": "00:07:16", "end": "00:07:20", "text": "different. And they were, but then you"}, {"start": "00:07:19", "end": "00:07:24", "text": "throw this big monkey wrench into the"}, {"start": "00:07:20", "end": "00:07:25", "text": "whole system. that didn't happen before."}, {"start": "00:07:24", "end": "00:07:28", "text": "So, I think that was a major headwind."}, {"start": "00:07:25", "end": "00:07:30", "text": "It cooled the markets down a lot. Again,"}, {"start": "00:07:28", "end": "00:07:32", "text": "you go look at that chart. There's a"}, {"start": "00:07:30", "end": "00:07:34", "text": "massive dump. Yes, we had a V-shaped"}, {"start": "00:07:32", "end": "00:07:37", "text": "recovery, but it wasn't the same after"}, {"start": "00:07:34", "end": "00:07:39", "text": "that. Uh, Aaron, and uh, we lost some"}, {"start": "00:07:37", "end": "00:07:42", "text": "steam. Not to mention, I think President"}, {"start": "00:07:39", "end": "00:07:45", "text": "Trump is overall net positive for"}, {"start": "00:07:42", "end": "00:07:47", "text": "crypto, but his meme coins, I think it"}, {"start": "00:07:45", "end": "00:07:49", "text": "really hurt the altcoin market. It stole"}, {"start": "00:07:47", "end": "00:07:52", "text": "liquidity. It stole sentiment. It stole"}, {"start": "00:07:49", "end": "00:07:55", "text": "uh attention if you want to call that."}, {"start": "00:07:52", "end": "00:07:56", "text": ">> No, definitely. Um, you know, you"}, {"start": "00:07:55", "end": "00:07:59", "text": "brought up Clarity Act, I believe, or"}, {"start": "00:07:56", "end": "00:08:01", "text": "maybe I brought it up, but like talk to"}, {"start": "00:07:59", "end": "00:08:04", "text": "us about the Clarity Act. Is it truly as"}, {"start": "00:08:01", "end": "00:08:05", "text": "big a deal as you know, some people say"}, {"start": "00:08:04", "end": "00:08:08", "text": "it is? Obviously, there's going to be"}, {"start": "00:08:05", "end": "00:08:09", "text": "compromises, but how do you see the Do"}, {"start": "00:08:08", "end": "00:08:11", "text": "you think the Clarity Act gets approved"}, {"start": "00:08:09", "end": "00:08:13", "text": "before midterms? And and if so, is that"}, {"start": "00:08:11", "end": "00:08:14", "text": "a big deal?"}, {"start": "00:08:13", "end": "00:08:17", "text": "That's another great question and I'm"}, {"start": "00:08:14", "end": "00:08:18", "text": "going to reference what Austin Campbell,"}, {"start": "00:08:17", "end": "00:08:21", "text": "founder of Zero Knowledge Consulting,"}, {"start": "00:08:18", "end": "00:08:23", "text": "told me because it was pretty profound."}, {"start": "00:08:21", "end": "00:08:25", "text": "He said, \"Look, the Clarity Act is"}, {"start": "00:08:23", "end": "00:08:26", "text": "important in a sense that you want to"}, {"start": "00:08:25", "end": "00:08:28", "text": "have it in place before another"}, {"start": "00:08:26", "end": "00:08:31", "text": "administration comes in because if it's"}, {"start": "00:08:28", "end": "00:08:33", "text": "not law, if it's not passed by Congress"}, {"start": "00:08:31", "end": "00:08:35", "text": "and signed by the president, then"}, {"start": "00:08:33", "end": "00:08:38", "text": "another administration can easily roll"}, {"start": "00:08:35", "end": "00:08:41", "text": "back things and change it. However, the"}, {"start": "00:08:38", "end": "00:08:44", "text": "meat and potatoes, the actual execution"}, {"start": "00:08:41", "end": "00:08:46", "text": "has to come from the SEC and the CFTC."}, {"start": "00:08:44", "end": "00:08:48", "text": "And Aaron, what have we been seeing over"}, {"start": "00:08:46", "end": "00:08:51", "text": "the past month or so? They have been"}, {"start": "00:08:48", "end": "00:08:53", "text": "ramping up, working together. They gave"}, {"start": "00:08:51", "end": "00:08:55", "text": "clarity on what's a security, what's"}, {"start": "00:08:53", "end": "00:08:57", "text": "not. They're about to give uh clarity on"}, {"start": "00:08:55", "end": "00:08:59", "text": "tokenization. They said that rulemaking"}, {"start": "00:08:57", "end": "00:09:01", "text": "is coming. So, they're actually front"}, {"start": "00:08:59", "end": "00:09:04", "text": "running the Clarity Act. So that's all"}, {"start": "00:09:01", "end": "00:09:07", "text": "the institutions really need because the"}, {"start": "00:09:04", "end": "00:09:08", "text": "guys who enforce and who issues the well"}, {"start": "00:09:07", "end": "00:09:10", "text": "who issue the welders notice in the"}, {"start": "00:09:08", "end": "00:09:13", "text": "lawsuits are saying no it's okay here"}, {"start": "00:09:10", "end": "00:09:16", "text": "you go here's the rulem but the clarity"}, {"start": "00:09:13", "end": "00:09:19", "text": "act is needed to you know put the nail"}, {"start": "00:09:16", "end": "00:09:22", "text": "in there hammer it down or you know seal"}, {"start": "00:09:19", "end": "00:09:24", "text": "it stamp of approval nobody can roll"}, {"start": "00:09:22", "end": "00:09:27", "text": "this back it will be law so if we don't"}, {"start": "00:09:24", "end": "00:09:28", "text": "have that then another Gary Genser could"}, {"start": "00:09:27", "end": "00:09:30", "text": "potentially come in in the next"}, {"start": "00:09:28", "end": "00:09:32", "text": "administration and say you know what I"}, {"start": "00:09:30", "end": "00:09:34", "text": "like Paul Atkins and these guys what"}, {"start": "00:09:32", "end": "00:09:36", "text": "they did throw this all out. So that's"}, {"start": "00:09:34", "end": "00:09:38", "text": "why we need the Clarity Act."}, {"start": "00:09:36", "end": "00:09:40", "text": ">> You know, with the Clarity Act and uh"}, {"start": "00:09:38", "end": "00:09:42", "text": "with Wall Street adopting crypto, it"}, {"start": "00:09:40", "end": "00:09:45", "text": "seems like for Bitcoin versus Ethereum,"}, {"start": "00:09:42", "end": "00:09:46", "text": "it seems like for Ethereum specifically,"}, {"start": "00:09:45", "end": "00:09:49", "text": "you know, these things are very good for"}, {"start": "00:09:46", "end": "00:09:51", "text": "Ethereum. Now, my my question is going"}, {"start": "00:09:49", "end": "00:09:53", "text": "forward, are you more bullish on Bitcoin"}, {"start": "00:09:51", "end": "00:09:55", "text": "or Ethereum? Obviously in a bull market,"}, {"start": "00:09:53", "end": "00:09:56", "text": "risk on a lower market cap tech play"}, {"start": "00:09:55", "end": "00:09:59", "text": "like Ethereum is going to pump harder in"}, {"start": "00:09:56", "end": "00:10:03", "text": "a bull and maybe go down harder in a"}, {"start": "00:09:59", "end": "00:10:04", "text": "bear, but you know and knowing that if"}, {"start": "00:10:03", "end": "00:10:06", "text": "we would tons of people said I think"}, {"start": "00:10:04", "end": "00:10:07", "text": "Ethereum is going to flip Bitcoin in the"}, {"start": "00:10:06", "end": "00:10:10", "text": "past and never happened. Bitcoin has"}, {"start": "00:10:07", "end": "00:10:12", "text": "always stayed steady, but going forward"}, {"start": "00:10:10", "end": "00:10:14", "text": "are you more bullish on Bitcoin or"}, {"start": "00:10:12", "end": "00:10:16", "text": "Ethereum?"}, {"start": "00:10:14", "end": "00:10:18", "text": ">> You know, that's something I personally"}, {"start": "00:10:16", "end": "00:10:19", "text": "noodle on and have thought about as I've"}, {"start": "00:10:18", "end": "00:10:22", "text": "taken my positions here in the bare"}, {"start": "00:10:19", "end": "00:10:24", "text": "market. I hold both assets of course. Um"}, {"start": "00:10:22", "end": "00:10:25", "text": "I do believe Bitcoin continues to do"}, {"start": "00:10:24", "end": "00:10:28", "text": "well but I believe Ethereum is going to"}, {"start": "00:10:25", "end": "00:10:30", "text": "outperform whether it can do the"}, {"start": "00:10:28", "end": "00:10:32", "text": "flipping as we've heard in the past that"}, {"start": "00:10:30", "end": "00:10:34", "text": "terminology. I don't know uh because"}, {"start": "00:10:32", "end": "00:10:36", "text": "Bitcoin is hard cap a lot of the"}, {"start": "00:10:34", "end": "00:10:40", "text": "supplies lost already and much more. So"}, {"start": "00:10:36", "end": "00:10:41", "text": "uh from a supply standpoint it may still"}, {"start": "00:10:40", "end": "00:10:43", "text": "hold a number one but I do believe"}, {"start": "00:10:41", "end": "00:10:47", "text": "Ethereum will continue to outperform"}, {"start": "00:10:43", "end": "00:10:49", "text": "Bitcoin. Um and I hold more ETH than I"}, {"start": "00:10:47", "end": "00:10:50", "text": "do Bitcoin. Uh there's some Bitcoin I'm"}, {"start": "00:10:49", "end": "00:10:52", "text": "never selling just because of the"}, {"start": "00:10:50", "end": "00:10:55", "text": "scarcity aspect like I'm going to pass"}, {"start": "00:10:52", "end": "00:10:59", "text": "it down to my kid, right? Uh but ETH"}, {"start": "00:10:55", "end": "00:11:01", "text": "being that software level uh I don't"}, {"start": "00:10:59", "end": "00:11:03", "text": "know how to describe it but"}, {"start": "00:11:01", "end": "00:11:05", "text": ">> supercomput base layer"}, {"start": "00:11:03", "end": "00:11:07", "text": ">> super exactly right where you can just"}, {"start": "00:11:05", "end": "00:11:09", "text": "go build almost anything on with the"}, {"start": "00:11:07", "end": "00:11:12", "text": "smart contracts and the programmability"}, {"start": "00:11:09", "end": "00:11:15", "text": "and much more. Um and with tokenization"}, {"start": "00:11:12", "end": "00:11:18", "text": "taking off globally, I'm going to, you"}, {"start": "00:11:15", "end": "00:11:20", "text": "know, pick ETH over Bitcoin. But again,"}, {"start": "00:11:18", "end": "00:11:23", "text": "I'm diversified. I'm holding some"}, {"start": "00:11:20", "end": "00:11:25", "text": "Bitcoin as u I think Chimat Palia called"}, {"start": "00:11:23", "end": "00:11:27", "text": "it schmuck insurance, you know, years"}, {"start": "00:11:25", "end": "00:11:29", "text": "ago. That that's going to just sit"}, {"start": "00:11:27", "end": "00:11:30", "text": "there. I'm going to take some profits in"}, {"start": "00:11:29", "end": "00:11:31", "text": "it, you know, when we hit new alltime"}, {"start": "00:11:30", "end": "00:11:34", "text": "highs, but there's some I'm never"}, {"start": "00:11:31", "end": "00:11:37", "text": "selling. It's just going to sit there."}, {"start": "00:11:34", "end": "00:11:38", "text": ">> And speaking of your diversified port"}, {"start": "00:11:37", "end": "00:11:40", "text": "portfolio, you know, in a bare market,"}, {"start": "00:11:38", "end": "00:11:43", "text": "it's maybe never as popular to mention"}, {"start": "00:11:40", "end": "00:11:45", "text": "what altcoins you still believe in. Um,"}, {"start": "00:11:43", "end": "00:11:46", "text": "but besides Ethereum, do you have a"}, {"start": "00:11:45", "end": "00:11:48", "text": "short list of altcoins that you're still"}, {"start": "00:11:46", "end": "00:11:50", "text": "liking going forward?"}, {"start": "00:11:48", "end": "00:11:52", "text": ">> Yeah, sure. So, in addition to Bitcoin,"}, {"start": "00:11:50", "end": "00:11:54", "text": "Ethereum, I have some Solano, of course."}, {"start": "00:11:52", "end": "00:11:56", "text": "I have some XRP. Know it's"}, {"start": "00:11:54", "end": "00:11:58", "text": "controversial, but uh there's a lot of"}, {"start": "00:11:56", "end": "00:12:01", "text": "demand. There's the ETFs and and look,"}, {"start": "00:11:58", "end": "00:12:03", "text": "the SEC lawsuit is out of the way, and I"}, {"start": "00:12:01", "end": "00:12:06", "text": "think uh the recent clarity from the SEC"}, {"start": "00:12:03", "end": "00:12:11", "text": "even further helps XRP. Um, in addition,"}, {"start": "00:12:06", "end": "00:12:13", "text": "I have some SUI, I've got some AVAC, and"}, {"start": "00:12:11", "end": "00:12:14", "text": "there was a recent coin, I remember"}, {"start": "00:12:13", "end": "00:12:16", "text": "interviewing some of the founders,"}, {"start": "00:12:14", "end": "00:12:18", "text": "Canton Network. That's something I've"}, {"start": "00:12:16", "end": "00:12:20", "text": "added to my portfolio. So, I don't want"}, {"start": "00:12:18", "end": "00:12:22", "text": "to spread myself too thin. Um, I'm"}, {"start": "00:12:20", "end": "00:12:24", "text": "keeping it to that list and I've"}, {"start": "00:12:22", "end": "00:12:25", "text": "consolidated my portfolio a bit. Um, you"}, {"start": "00:12:24", "end": "00:12:27", "text": "know, I'm going to continue to look at"}, {"start": "00:12:25", "end": "00:12:30", "text": "narratives. You know, if privacy"}, {"start": "00:12:27", "end": "00:12:31", "text": "continues, um, I might add some more"}, {"start": "00:12:30", "end": "00:12:33", "text": "privacy coins. there's something new"}, {"start": "00:12:31", "end": "00:12:35", "text": "that pops up. You know, every cycle has"}, {"start": "00:12:33", "end": "00:12:36", "text": "a new narrative or multiple narratives."}, {"start": "00:12:35", "end": "00:12:38", "text": "So, that's what you want to pay"}, {"start": "00:12:36", "end": "00:12:40", "text": "attention to and get in ahead of time."}, {"start": "00:12:38", "end": "00:12:43", "text": "Of course,"}, {"start": "00:12:40", "end": "00:12:46", "text": ">> I want to get your kind of base case and"}, {"start": "00:12:43", "end": "00:12:48", "text": "bullcase um for after the lows are in"}, {"start": "00:12:46", "end": "00:12:50", "text": "and then going into the next bull cycle"}, {"start": "00:12:48", "end": "00:12:52", "text": "where you think Bitcoin or maybe even"}, {"start": "00:12:50", "end": "00:12:55", "text": "Bitcoin and Ethereum could go. Do you"}, {"start": "00:12:52", "end": "00:12:58", "text": "have a base case or bull case?"}, {"start": "00:12:55", "end": "00:13:00", "text": "Man, Aaron, you know, I was looking at"}, {"start": "00:12:58", "end": "00:13:02", "text": "the models from the previous bull"}, {"start": "00:13:00", "end": "00:13:05", "text": "markets like Fibonacci, Elliot wave."}, {"start": "00:13:02", "end": "00:13:06", "text": "Obviously, we did not hit the Fibonacci"}, {"start": "00:13:05", "end": "00:13:09", "text": "levels that we did in the previous"}, {"start": "00:13:06", "end": "00:13:12", "text": "cycles, right? Uh 2017, even 2020 and"}, {"start": "00:13:09", "end": "00:13:14", "text": "2021, you know, 3.618."}, {"start": "00:13:12", "end": "00:13:17", "text": "We didn't even touch it, man. Uh that"}, {"start": "00:13:14", "end": "00:13:19", "text": "really sucked. But, you know, it is what"}, {"start": "00:13:17", "end": "00:13:23", "text": "it is. But I I if my thesis holds"}, {"start": "00:13:19", "end": "00:13:25", "text": "through true um where super cycle kicks"}, {"start": "00:13:23", "end": "00:13:27", "text": "off because of crypto legislation and"}, {"start": "00:13:25", "end": "00:13:29", "text": "the pipeline all the on-ramps for"}, {"start": "00:13:27", "end": "00:13:31", "text": "institutional money you know I I do"}, {"start": "00:13:29", "end": "00:13:34", "text": "believe that we do have a more"}, {"start": "00:13:31", "end": "00:13:37", "text": "aggressive powerful euphoric bull run."}, {"start": "00:13:34", "end": "00:13:38", "text": "Um, again, not guaranteed, but I think"}, {"start": "00:13:37", "end": "00:13:41", "text": "there's a high probability of that"}, {"start": "00:13:38", "end": "00:13:44", "text": "because of those things in place. And we"}, {"start": "00:13:41", "end": "00:13:48", "text": "where we've crossed the chasm of this is"}, {"start": "00:13:44", "end": "00:13:49", "text": "magic internet money to this is the"}, {"start": "00:13:48", "end": "00:13:51", "text": "layer to build on for the future."}, {"start": "00:13:49", "end": "00:13:54", "text": "Blockchain is the layer, right?"}, {"start": "00:13:51", "end": "00:13:57", "text": "Regardless of which industry you're in."}, {"start": "00:13:54", "end": "00:14:00", "text": "And I I think we could see Bitcoin hit"}, {"start": "00:13:57", "end": "00:14:02", "text": "those Fibonacci levels. So, taking us to"}, {"start": "00:14:00", "end": "00:14:04", "text": "200K and those things. and and if it"}, {"start": "00:14:02", "end": "00:14:06", "text": "aligns also with the new money printing"}, {"start": "00:14:04", "end": "00:14:07", "text": "cycle. We know the Fed has already"}, {"start": "00:14:06", "end": "00:14:09", "text": "started QE. They announced it in"}, {"start": "00:14:07", "end": "00:14:11", "text": "December 2025, but I think that's going"}, {"start": "00:14:09", "end": "00:14:13", "text": "to accelerate as they raise debt"}, {"start": "00:14:11", "end": "00:14:14", "text": "ceiling, as they do military spending."}, {"start": "00:14:13", "end": "00:14:16", "text": "Where are they going to get the money"}, {"start": "00:14:14", "end": "00:14:18", "text": "from? They're going to have to print"}, {"start": "00:14:16", "end": "00:14:20", "text": "the, you know, the debt continues to run"}, {"start": "00:14:18", "end": "00:14:22", "text": "up and it's the same thing over and"}, {"start": "00:14:20", "end": "00:14:24", "text": "over. And I think uh look, I'm looking"}, {"start": "00:14:22", "end": "00:14:28", "text": "for a ETH over 10K. Uh I don't think"}, {"start": "00:14:24", "end": "00:14:30", "text": "that's unrealistic. A Bitcoin over 180K."}, {"start": "00:14:28", "end": "00:14:35", "text": "um you know how high it goes beyond that"}, {"start": "00:14:30", "end": "00:14:38", "text": "is tough but um I think you know again"}, {"start": "00:14:35", "end": "00:14:40", "text": "the catalyst regulation major on-ramps"}, {"start": "00:14:38", "end": "00:14:44", "text": "in a new money printing cycle"}, {"start": "00:14:40", "end": "00:14:46", "text": ">> you have been in Bitcoin for many years"}, {"start": "00:14:44", "end": "00:14:49", "text": "who is Satoshi"}, {"start": "00:14:46", "end": "00:14:51", "text": ">> you mean it's not Adam back"}, {"start": "00:14:49", "end": "00:14:52", "text": "in the New York Times article that came"}, {"start": "00:14:51", "end": "00:14:54", "text": "out today right"}, {"start": "00:14:52", "end": "00:14:57", "text": ">> I mean he's always been a contender"}, {"start": "00:14:54", "end": "00:14:59", "text": ">> yeah man that's that's a tough one I've"}, {"start": "00:14:57", "end": "00:15:00", "text": "talked to even my Bitcoin maxi friends"}, {"start": "00:14:59", "end": "00:15:03", "text": "and and different folks, you know,"}, {"start": "00:15:00", "end": "00:15:05", "text": "everybody has a different opinion. Um,"}, {"start": "00:15:03", "end": "00:15:08", "text": "there's also the conspiracy theory that"}, {"start": "00:15:05", "end": "00:15:11", "text": "it's the NSA and uh Aaron, this this"}, {"start": "00:15:08", "end": "00:15:13", "text": "Bitcoin was a Trojan horse to test if a"}, {"start": "00:15:11", "end": "00:15:16", "text": "public chain can work where you bring"}, {"start": "00:15:13", "end": "00:15:19", "text": "people in from across the globe. It has"}, {"start": "00:15:16", "end": "00:15:22", "text": "fungeability, it has liquidity, and then"}, {"start": "00:15:19", "end": "00:15:24", "text": "you take that blueprint, you build other"}, {"start": "00:15:22", "end": "00:15:27", "text": "blockchains and then TRFI comes in and"}, {"start": "00:15:24", "end": "00:15:28", "text": "takes it over. That is my worry that you"}, {"start": "00:15:27", "end": "00:15:31", "text": "know that that's the direction we're"}, {"start": "00:15:28", "end": "00:15:34", "text": "heading in. I hope not and I hope it's"}, {"start": "00:15:31", "end": "00:15:36", "text": "not the NSA"}, {"start": "00:15:34", "end": "00:15:38", "text": "because that would really suck. But man,"}, {"start": "00:15:36", "end": "00:15:43", "text": "I don't know. I I honestly don't know."}, {"start": "00:15:38", "end": "00:15:44", "text": "Um could it be Hal Finny? Boy, it it's"}, {"start": "00:15:43", "end": "00:15:47", "text": "so strange because you look at some of"}, {"start": "00:15:44", "end": "00:15:49", "text": "those emails and the forum um postings"}, {"start": "00:15:47", "end": "00:15:52", "text": "and so forth. It's really hard to tell."}, {"start": "00:15:49", "end": "00:15:53", "text": "Um, maybe it was a group of folks and"}, {"start": "00:15:52", "end": "00:15:55", "text": "maybe Adam Beck was part of that group"}, {"start": "00:15:53", "end": "00:15:57", "text": "or and Hal Finny, right? I don't know if"}, {"start": "00:15:55", "end": "00:15:59", "text": "it's one person. I think it has to be a"}, {"start": "00:15:57", "end": "00:16:00", "text": "group and and that's the as much as I"}, {"start": "00:15:59", "end": "00:16:02", "text": "can say."}, {"start": "00:16:00", "end": "00:16:04", "text": ">> That's as much as he can say, ladies and"}, {"start": "00:16:02", "end": "00:16:06", "text": "gentlemen. Something tells me Tony knows"}, {"start": "00:16:04", "end": "00:16:09", "text": "a lot more than he's letting on. Just"}, {"start": "00:16:06", "end": "00:16:11", "text": "kidding. But uh you know I don't know if"}, {"start": "00:16:09", "end": "00:16:13", "text": "this has a that you'll be able to give a"}, {"start": "00:16:11", "end": "00:16:15", "text": "a great answer to this next one because"}, {"start": "00:16:13", "end": "00:16:18", "text": "you know I used to think quantum wasn't"}, {"start": "00:16:15", "end": "00:16:20", "text": "really a big deal for Bitcoin but you"}, {"start": "00:16:18", "end": "00:16:21", "text": "know with Google's latest report and you"}, {"start": "00:16:20", "end": "00:16:24", "text": "know now that I'm learning more about it"}, {"start": "00:16:21", "end": "00:16:26", "text": "does kind of seem like quantum getting"}, {"start": "00:16:24", "end": "00:16:28", "text": "in the way of all cryptography but"}, {"start": "00:16:26", "end": "00:16:30", "text": "particularly Bitcoin which is kind of"}, {"start": "00:16:28", "end": "00:16:32", "text": "this open- source backwards compatible"}, {"start": "00:16:30", "end": "00:16:34", "text": "thing. It might be a problem for"}, {"start": "00:16:32", "end": "00:16:36", "text": "Bitcoin. Am I overthinking this or how"}, {"start": "00:16:34", "end": "00:16:38", "text": "would you I mean there's so much to that"}, {"start": "00:16:36", "end": "00:16:40", "text": "we don't know but how do you reckon the"}, {"start": "00:16:38", "end": "00:16:42", "text": "quantum problem?"}, {"start": "00:16:40", "end": "00:16:44", "text": ">> You know I think it's a bit overblown."}, {"start": "00:16:42", "end": "00:16:46", "text": "Um I think it's a bit of a narrative"}, {"start": "00:16:44", "end": "00:16:49", "text": "that's pushed heavily by short sellers"}, {"start": "00:16:46", "end": "00:16:50", "text": "which look a free market. You can do"}, {"start": "00:16:49", "end": "00:16:52", "text": "that. You can short the hell out of"}, {"start": "00:16:50", "end": "00:16:55", "text": "Bitcoin right now. We're in a downtrend."}, {"start": "00:16:52", "end": "00:16:57", "text": "No problem. Do I believe Quantum right"}, {"start": "00:16:55", "end": "00:16:59", "text": "now is about to shut down the entire"}, {"start": "00:16:57", "end": "00:17:01", "text": "Bitcoin network? No. Right. I think"}, {"start": "00:16:59", "end": "00:17:03", "text": "we're way off from that. And as many"}, {"start": "00:17:01", "end": "00:17:06", "text": "people have said before, if Quantum gets"}, {"start": "00:17:03", "end": "00:17:08", "text": "to a certain level where it's a threat,"}, {"start": "00:17:06", "end": "00:17:10", "text": "I'm not worrying about Bitcoin. I'm"}, {"start": "00:17:08", "end": "00:17:13", "text": "worried about the traffic lights, the"}, {"start": "00:17:10", "end": "00:17:15", "text": "air traffic control system, right? I'm"}, {"start": "00:17:13", "end": "00:17:16", "text": "worried about the everyday life and"}, {"start": "00:17:15", "end": "00:17:19", "text": "moving around and how that could be used"}, {"start": "00:17:16", "end": "00:17:21", "text": "against me, the nuclear power plant that"}, {"start": "00:17:19", "end": "00:17:23", "text": "is, I don't know, whatever miles away"}, {"start": "00:17:21", "end": "00:17:25", "text": "from me. That's what I'm worried about."}, {"start": "00:17:23", "end": "00:17:26", "text": "Now, I don't want to be uh foolish and"}, {"start": "00:17:25", "end": "00:17:29", "text": "say, well, I don't care about Bitcoin"}, {"start": "00:17:26", "end": "00:17:32", "text": "and quantum. I do care, but I don't"}, {"start": "00:17:29", "end": "00:17:34", "text": "think the level of urgency is warranted"}, {"start": "00:17:32", "end": "00:17:36", "text": "that we're seeing out there. I believe"}, {"start": "00:17:34", "end": "00:17:38", "text": "the miners as they have for since"}, {"start": "00:17:36", "end": "00:17:40", "text": "Bitcoin was created, they will continue"}, {"start": "00:17:38", "end": "00:17:42", "text": "to upgrade their equipment. They will"}, {"start": "00:17:40", "end": "00:17:46", "text": "continue to do different things with the"}, {"start": "00:17:42", "end": "00:17:48", "text": "data centers with AI. And I think the"}, {"start": "00:17:46", "end": "00:17:50", "text": "manufacturers of mining equipment will"}, {"start": "00:17:48", "end": "00:17:51", "text": "upgrade accordingly because you can't"}, {"start": "00:17:50", "end": "00:17:54", "text": "just say, okay, there's going to be"}, {"start": "00:17:51", "end": "00:17:56", "text": "quantum computing, but only a certain"}, {"start": "00:17:54", "end": "00:17:58", "text": "amount of people will have that. No,"}, {"start": "00:17:56", "end": "00:17:59", "text": "generally the chip makers and the people"}, {"start": "00:17:58", "end": "00:18:01", "text": "who are manufacturing these things, it's"}, {"start": "00:17:59", "end": "00:18:03", "text": "a free market. They open it up to"}, {"start": "00:18:01", "end": "00:18:05", "text": "different folks. So why can't the miners"}, {"start": "00:18:03", "end": "00:18:08", "text": "build mining equipment with quantum"}, {"start": "00:18:05", "end": "00:18:09", "text": "technology, right? So it's a level"}, {"start": "00:18:08", "end": "00:18:11", "text": "playing field, so to speak. That's my"}, {"start": "00:18:09", "end": "00:18:14", "text": "take on it. I I just don't see the"}, {"start": "00:18:11", "end": "00:18:15", "text": "threat. I just think it's a short seller"}, {"start": "00:18:14", "end": "00:18:18", "text": "narrative that's being pushed"}, {"start": "00:18:15", "end": "00:18:21", "text": "aggressively to put fear in the market."}, {"start": "00:18:18", "end": "00:18:23", "text": ">> Common bare market question, right?"}, {"start": "00:18:21", "end": "00:18:24", "text": "Thinking crypto. Tony, thank you so much"}, {"start": "00:18:23", "end": "00:18:27", "text": "for coming on today. I'm trying to think"}, {"start": "00:18:24", "end": "00:18:30", "text": "of a banger ending question. Um, you"}, {"start": "00:18:27", "end": "00:18:31", "text": "know, there are people here who are, you"}, {"start": "00:18:30", "end": "00:18:33", "text": "know, really want to do well going"}, {"start": "00:18:31", "end": "00:18:35", "text": "forward in crypto. You've done well in"}, {"start": "00:18:33", "end": "00:18:37", "text": "crypto. What do you think is practical,"}, {"start": "00:18:35", "end": "00:18:39", "text": "doable advice that anybody at home can"}, {"start": "00:18:37", "end": "00:18:40", "text": "really take to heart and like, you know,"}, {"start": "00:18:39", "end": "00:18:42", "text": "implement so they can do well going"}, {"start": "00:18:40", "end": "00:18:44", "text": "forward in crypto?"}, {"start": "00:18:42", "end": "00:18:47", "text": ">> Yeah, absolutely. And and look, I I've"}, {"start": "00:18:44", "end": "00:18:50", "text": "taken my blows in the early days. I've"}, {"start": "00:18:47", "end": "00:18:53", "text": "lost money. But when I've learned to"}, {"start": "00:18:50", "end": "00:18:55", "text": "slow down and not have FOMO and really"}, {"start": "00:18:53", "end": "00:18:58", "text": "take my time to do research, that's when"}, {"start": "00:18:55", "end": "00:18:59", "text": "I've made money. And I also, it's so"}, {"start": "00:18:58", "end": "00:19:01", "text": "important to have a long-term time"}, {"start": "00:18:59", "end": "00:19:03", "text": "horizon because if you're trying to"}, {"start": "00:19:01", "end": "00:19:06", "text": "become a millionaire or whatever or make"}, {"start": "00:19:03", "end": "00:19:08", "text": "a few hundred,000 in a month or six"}, {"start": "00:19:06", "end": "00:19:10", "text": "months, that is the wrong approach, the"}, {"start": "00:19:08", "end": "00:19:13", "text": "wrong expectation, the wrong mental"}, {"start": "00:19:10", "end": "00:19:15", "text": "model. You want to look at buying in the"}, {"start": "00:19:13", "end": "00:19:16", "text": "lows. Like right now is a great"}, {"start": "00:19:15", "end": "00:19:18", "text": "opportunity to start dollar cost"}, {"start": "00:19:16", "end": "00:19:20", "text": "averaging in. You know, when there's"}, {"start": "00:19:18", "end": "00:19:22", "text": "blood on the streets, when there's fear,"}, {"start": "00:19:20", "end": "00:19:24", "text": "that's a time you want to be buying."}, {"start": "00:19:22", "end": "00:19:26", "text": "When things get euphoric, that's a time"}, {"start": "00:19:24", "end": "00:19:30", "text": "you want to look to exit the market. But"}, {"start": "00:19:26", "end": "00:19:32", "text": "also rem I I like to remind people, use"}, {"start": "00:19:30", "end": "00:19:34", "text": "Bitcoin as the foundation. Put feelings"}, {"start": "00:19:32", "end": "00:19:36", "text": "and emotions aside. Have some Bitcoin in"}, {"start": "00:19:34", "end": "00:19:39", "text": "your portfolio. That is the foundation"}, {"start": "00:19:36", "end": "00:19:42", "text": "of your house. Then as you go further"}, {"start": "00:19:39", "end": "00:19:44", "text": "down the list on the market cap list"}, {"start": "00:19:42", "end": "00:19:46", "text": "know that it gets more risky. It becomes"}, {"start": "00:19:44", "end": "00:19:48", "text": "more risky right? Bitcoin usually"}, {"start": "00:19:46", "end": "00:19:51", "text": "attracts the majority of the liquidity."}, {"start": "00:19:48", "end": "00:19:53", "text": "It is less volatile than the uh"}, {"start": "00:19:51", "end": "00:19:55", "text": "altcoins. So then go down that list and"}, {"start": "00:19:53", "end": "00:19:57", "text": "put your capital accordingly and know"}, {"start": "00:19:55", "end": "00:20:00", "text": "that the further on out on the risk"}, {"start": "00:19:57", "end": "00:20:02", "text": "curve I go things can get really really"}, {"start": "00:20:00", "end": "00:20:04", "text": "volatile right with meme coins and much"}, {"start": "00:20:02", "end": "00:20:06", "text": "more. I'm not telling you what this to"}, {"start": "00:20:04", "end": "00:20:08", "text": "not invest in meme coins, but just know"}, {"start": "00:20:06", "end": "00:20:09", "text": "it gets really volatile. So, have that"}, {"start": "00:20:08", "end": "00:20:12", "text": "foundation of Bitcoin. Have the"}, {"start": "00:20:09", "end": "00:20:15", "text": "long-term outlook. Don't don't buy into"}, {"start": "00:20:12", "end": "00:20:18", "text": "pumps. Buy in the dumps when everybody's"}, {"start": "00:20:15", "end": "00:20:20", "text": "scared. Uh it looks like Bitcoin and"}, {"start": "00:20:18", "end": "00:20:22", "text": "crypto it's over. Quantum, oh my god,"}, {"start": "00:20:20", "end": "00:20:23", "text": "the end of the world again. That's a"}, {"start": "00:20:22", "end": "00:20:25", "text": "time to start buying up. It's the same"}, {"start": "00:20:23", "end": "00:20:27", "text": "thing with stocks, right? Markets are"}, {"start": "00:20:25", "end": "00:20:29", "text": "driven by liquidity and sentiment."}, {"start": "00:20:27", "end": "00:20:32", "text": "Sentiment plays a big part. The market"}, {"start": "00:20:29", "end": "00:20:34", "text": "makers use sentiment. And once I learned"}, {"start": "00:20:32", "end": "00:20:36", "text": "those things, I figured out, oh, okay, I"}, {"start": "00:20:34", "end": "00:20:38", "text": "see the game that's being played. I"}, {"start": "00:20:36", "end": "00:20:40", "text": "started looking at it like a hedge fund"}, {"start": "00:20:38", "end": "00:20:42", "text": "guy or, you know, one of those Wall"}, {"start": "00:20:40", "end": "00:20:45", "text": "Street traders and how the cyclicality,"}, {"start": "00:20:42", "end": "00:20:46", "text": "they use the cyclicality to your"}, {"start": "00:20:45", "end": "00:20:49", "text": "advantage. They use the press headlines"}, {"start": "00:20:46", "end": "00:20:52", "text": "to their advantage. But you have to"}, {"start": "00:20:49", "end": "00:20:54", "text": "unlearn that and u you know unlearn the"}, {"start": "00:20:52", "end": "00:20:57", "text": "Jim Kramer financial news items and"}, {"start": "00:20:54", "end": "00:20:59", "text": "really you know learn the market cycles"}, {"start": "00:20:57", "end": "00:21:01", "text": "and the sentiment and control your own"}, {"start": "00:20:59", "end": "00:21:02", "text": "emotions and have that long-term"}, {"start": "00:21:01", "end": "00:21:04", "text": "outlook."}, {"start": "00:21:02", "end": "00:21:06", "text": ">> I like that very sage advice from a"}, {"start": "00:21:04", "end": "00:21:08", "text": "seasoned veteran. Tony, thank you so"}, {"start": "00:21:06", "end": "00:21:10", "text": "much for coming on today. People from"}, {"start": "00:21:08", "end": "00:21:13", "text": "Altcoin Daily, go subscribe to Thinking"}, {"start": "00:21:10", "end": "00:21:16", "text": "Crypto. Um thanks Tony."}, {"start": "00:21:13", "end": "00:21:16", "text": ">> Thank you man. Thank you for having me."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "All on Iran's terms."}, {"start": "00:00:01", "end": "00:00:07", "text": ">> Something strange is happening with"}, {"start": "00:00:03", "end": "00:00:09", "text": "Bitcoin today. You see, Iran just became"}, {"start": "00:00:07", "end": "00:00:12", "text": "one of the biggest Bitcoin buyers on"}, {"start": "00:00:09", "end": "00:00:15", "text": "Earth. We know from the other day we"}, {"start": "00:00:12", "end": "00:00:16", "text": "reported this to you. Iran to require"}, {"start": "00:00:15", "end": "00:00:19", "text": "ships passing through the straight of"}, {"start": "00:00:16", "end": "00:00:21", "text": "Hormuz to pay tolls in Bitcoin. This was"}, {"start": "00:00:19", "end": "00:00:23", "text": "reported directly from the Financial"}, {"start": "00:00:21", "end": "00:00:26", "text": "Times. In the first 24 hours of the"}, {"start": "00:00:23", "end": "00:00:28", "text": "ceasefire, only one tanker and five"}, {"start": "00:00:26", "end": "00:00:30", "text": "carriers made it through. of course, all"}, {"start": "00:00:28", "end": "00:00:33", "text": "on Iran's terms."}, {"start": "00:00:30", "end": "00:00:36", "text": ">> Now, the toll is $1 per barrel or for a"}, {"start": "00:00:33", "end": "00:00:39", "text": "big ship, large super tankers, up to $2"}, {"start": "00:00:36", "end": "00:00:42", "text": "million in Bitcoin. Well, actually, it's"}, {"start": "00:00:39", "end": "00:00:44", "text": "either payable in Bitcoin or stable"}, {"start": "00:00:42", "end": "00:00:46", "text": "coins or the Chinese yuan. It's not"}, {"start": "00:00:44", "end": "00:00:48", "text": "Bitcoin exclusively. But with the"}, {"start": "00:00:46", "end": "00:00:50", "text": "country of Iran now jumping on the list"}, {"start": "00:00:48", "end": "00:00:54", "text": "of how countries treat Bitcoin since"}, {"start": "00:00:50", "end": "00:00:56", "text": "2020, over 50 countries continue to give"}, {"start": "00:00:54", "end": "00:00:59", "text": "Bitcoin more access, more regulation,"}, {"start": "00:00:56", "end": "00:01:01", "text": "more clarity. Just four countries in the"}, {"start": "00:00:59", "end": "00:01:04", "text": "last 6 years have granted less access."}, {"start": "00:01:01", "end": "00:01:06", "text": "China being one. Venezuela banning"}, {"start": "00:01:04", "end": "00:01:09", "text": "Bitcoin mining in 2024 being another."}, {"start": "00:01:06", "end": "00:01:12", "text": "But as more and more ships going through"}, {"start": "00:01:09", "end": "00:01:15", "text": "the straight of Hormuz realize they need"}, {"start": "00:01:12", "end": "00:01:18", "text": "a Bitcoin or crypto wallet, the more"}, {"start": "00:01:15", "end": "00:01:21", "text": "adoption we see in the long run,"}, {"start": "00:01:18", "end": "00:01:24", "text": "long-term will affect price. So we"}, {"start": "00:01:21", "end": "00:01:27", "text": "understand since 2020, 34 countries have"}, {"start": "00:01:24", "end": "00:01:30", "text": "approved a Bitcoin ETF or ETP, exchange"}, {"start": "00:01:27", "end": "00:01:33", "text": "traded product, exchangeraded fund. The"}, {"start": "00:01:30", "end": "00:01:36", "text": "US allowed banks to custody Bitcoin just"}, {"start": "00:01:33", "end": "00:01:40", "text": "in 2025. People forget this. Bolivia"}, {"start": "00:01:36", "end": "00:01:43", "text": "legalized Bitcoin in 2024. I like it."}, {"start": "00:01:40", "end": "00:01:46", "text": "Argentina legalized Bitcoin payments in"}, {"start": "00:01:43", "end": "00:01:49", "text": "2023. I like it. The Czech Republic"}, {"start": "00:01:46", "end": "00:01:52", "text": "exempted Bitcoin from long-term cap"}, {"start": "00:01:49", "end": "00:01:54", "text": "gains taxes in 2025. I love it. And"}, {"start": "00:01:52", "end": "00:01:57", "text": "Russia, even though they do sort of jump"}, {"start": "00:01:54", "end": "00:01:59", "text": "back and forth every few years, Russia"}, {"start": "00:01:57", "end": "00:02:02", "text": "legalized mining and Bitcoin's usage in"}, {"start": "00:01:59", "end": "00:02:05", "text": "international payments in 2024. Ooh,"}, {"start": "00:02:02", "end": "00:02:08", "text": "also Hong Kong approved Bitcoin ETFs in"}, {"start": "00:02:05", "end": "00:02:10", "text": "2025, meaning Bitcoin fundamentals"}, {"start": "00:02:08", "end": "00:02:12", "text": "aren't lessening. No, Bitcoin"}, {"start": "00:02:10", "end": "00:02:14", "text": "fundamentals are clearly improving."}, {"start": "00:02:12", "end": "00:02:15", "text": "Another big catalyst, if we ever get"}, {"start": "00:02:14", "end": "00:02:18", "text": "this, will be the Clarity Act, the"}, {"start": "00:02:15", "end": "00:02:20", "text": "market structure bill. The update today"}, {"start": "00:02:18", "end": "00:02:25", "text": "is this. The Council of Economic"}, {"start": "00:02:20", "end": "00:02:27", "text": "Advisors, CEA, released a report. That"}, {"start": "00:02:25", "end": "00:02:31", "text": "report stated that banning stable coin"}, {"start": "00:02:27", "end": "00:02:34", "text": "yield would cost Americans $800 million"}, {"start": "00:02:31", "end": "00:02:36", "text": "per the White House. So the White House"}, {"start": "00:02:34", "end": "00:02:38", "text": "is telling the banks, \"If we ban stable"}, {"start": "00:02:36", "end": "00:02:40", "text": "coin yield in full, you're not going to"}, {"start": "00:02:38", "end": "00:02:42", "text": "look good to the average person. The"}, {"start": "00:02:40", "end": "00:02:45", "text": "average person is going to lose out in"}, {"start": "00:02:42", "end": "00:02:47", "text": "aggregate, I guess, of $800 million.\""}, {"start": "00:02:45", "end": "00:02:50", "text": "The Council of Economic Adviserss"}, {"start": "00:02:47", "end": "00:02:53", "text": "released a 20page report on Tuesday"}, {"start": "00:02:50", "end": "00:02:56", "text": "titled the effects of stable coin yield"}, {"start": "00:02:53", "end": "00:02:59", "text": "prohibition on bank lending. At baseline"}, {"start": "00:02:56", "end": "00:03:02", "text": "calibration, the CEA finds that"}, {"start": "00:02:59", "end": "00:03:05", "text": "prohibiting yield on stable coins would"}, {"start": "00:03:02", "end": "00:03:10", "text": "increase the total US bank lending by"}, {"start": "00:03:05", "end": "00:03:12", "text": "only $2.1 billion or just 0.02% of the"}, {"start": "00:03:10", "end": "00:03:14", "text": "overall loan market. That's really"}, {"start": "00:03:12", "end": "00:03:17", "text": "nothing to the banking industry. While"}, {"start": "00:03:14", "end": "00:03:22", "text": "producing a net welfare cost of $800"}, {"start": "00:03:17", "end": "00:03:23", "text": "million with a costbenefit ratio of 6.6."}, {"start": "00:03:22", "end": "00:03:25", "text": "What does that mean to you? What does"}, {"start": "00:03:23", "end": "00:03:28", "text": "that mean to the Congress people, the"}, {"start": "00:03:25", "end": "00:03:30", "text": "lawmakers? In other words, a blanket"}, {"start": "00:03:28", "end": "00:03:34", "text": "prohibition on stable coin yield would"}, {"start": "00:03:30", "end": "00:03:36", "text": "cost more by denying yield to consumers"}, {"start": "00:03:34", "end": "00:03:38", "text": "than reducing the ability to receive"}, {"start": "00:03:36", "end": "00:03:41", "text": "loans from banks. That report was put"}, {"start": "00:03:38", "end": "00:03:43", "text": "out a few days ago. It is seemingly"}, {"start": "00:03:41", "end": "00:03:45", "text": "swaying the conversation. Here's the"}, {"start": "00:03:43", "end": "00:03:47", "text": "White House Crypto Council Executive"}, {"start": "00:03:45", "end": "00:03:50", "text": "Director Patrick Wit explaining."}, {"start": "00:03:47", "end": "00:03:51", "text": ">> Banks have been notably quiet since this"}, {"start": "00:03:50", "end": "00:03:53", "text": "report was released on Wednesday"}, {"start": "00:03:51", "end": "00:03:55", "text": "morning. What, if anything, have you"}, {"start": "00:03:53", "end": "00:03:57", "text": "heard from them privately, and would it"}, {"start": "00:03:55", "end": "00:03:58", "text": "have any effect on the status of"}, {"start": "00:03:57", "end": "00:04:00", "text": "negotiations at all?"}, {"start": "00:03:58", "end": "00:04:02", "text": ">> The CEA report was actually something"}, {"start": "00:04:00", "end": "00:04:04", "text": "that uh we asked them to look into back"}, {"start": "00:04:02", "end": "00:04:06", "text": "in January when the markup came down."}, {"start": "00:04:04", "end": "00:04:07", "text": "They took considerable amount of time"}, {"start": "00:04:06", "end": "00:04:10", "text": "did a lot of research looking into the"}, {"start": "00:04:07", "end": "00:04:12", "text": "issues and really did a proper treatment"}, {"start": "00:04:10", "end": "00:04:14", "text": "which is what we were hoping that they"}, {"start": "00:04:12", "end": "00:04:16", "text": "would do. So that there was just another"}, {"start": "00:04:14", "end": "00:04:19", "text": "group of of PhDs uh very smart people"}, {"start": "00:04:16", "end": "00:04:21", "text": "who understand economics at a much more"}, {"start": "00:04:19", "end": "00:04:23", "text": "uh profound level than than I certainly"}, {"start": "00:04:21", "end": "00:04:24", "text": "do and that I think the senators are"}, {"start": "00:04:23", "end": "00:04:26", "text": "comfortable dealing in to look at the"}, {"start": "00:04:24", "end": "00:04:28", "text": "issue and and see what their thought"}, {"start": "00:04:26", "end": "00:04:30", "text": "was. And so it came back. We had an"}, {"start": "00:04:28", "end": "00:04:32", "text": "opportunity to preview brief a lot of"}, {"start": "00:04:30", "end": "00:04:35", "text": "the senators on the the findings in the"}, {"start": "00:04:32", "end": "00:04:37", "text": "report weeks ago and uh that helped the"}, {"start": "00:04:35", "end": "00:04:39", "text": "discussions around the the compromise on"}, {"start": "00:04:37", "end": "00:04:41", "text": "rewards and yield get to the place that"}, {"start": "00:04:39", "end": "00:04:43", "text": "they ultimately ended up. So not"}, {"start": "00:04:41", "end": "00:04:45", "text": "necessarily new information to the"}, {"start": "00:04:43", "end": "00:04:47", "text": "senators that are involved in uh working"}, {"start": "00:04:45", "end": "00:04:48", "text": "on that compromise, but uh good to have"}, {"start": "00:04:47", "end": "00:04:50", "text": "it out there publicly so that people can"}, {"start": "00:04:48", "end": "00:04:52", "text": "engage with it and that there is just"}, {"start": "00:04:50", "end": "00:04:54", "text": "another independent view as to uh the"}, {"start": "00:04:52", "end": "00:04:57", "text": "issue at hand. People are obviously"}, {"start": "00:04:54", "end": "00:04:58", "text": "concerned on on either side of it and"}, {"start": "00:04:57", "end": "00:05:00", "text": "advocating for their position and I"}, {"start": "00:04:58", "end": "00:05:02", "text": "think this was just another helpful data"}, {"start": "00:05:00", "end": "00:05:04", "text": "point objective view of the issue."}, {"start": "00:05:02", "end": "00:05:07", "text": ">> And of course, next piece of news, we"}, {"start": "00:05:04", "end": "00:05:09", "text": "told you the headline a few days ago."}, {"start": "00:05:07", "end": "00:05:11", "text": "Morgan Stanley enters the Bitcoin ETF"}, {"start": "00:05:09", "end": "00:05:13", "text": "arena with the launch of a new fund."}, {"start": "00:05:11", "end": "00:05:16", "text": "They now have the lowest Bitcoin ETF"}, {"start": "00:05:13", "end": "00:05:19", "text": "fees in the game, much lower than Black"}, {"start": "00:05:16", "end": "00:05:22", "text": "Rockck's ETF in terms of fees with, I'd"}, {"start": "00:05:19", "end": "00:05:25", "text": "say, equivalent name brand market value."}, {"start": "00:05:22", "end": "00:05:29", "text": "Morgan Stanley hugely credible. It took"}, {"start": "00:05:25", "end": "00:05:31", "text": "just 435 days for Black Rockck's Bitcoin"}, {"start": "00:05:29", "end": "00:05:34", "text": "ETF to hit over a hundred billion"}, {"start": "00:05:31", "end": "00:05:36", "text": "dollars in value. Yet, that was before"}, {"start": "00:05:34", "end": "00:05:39", "text": "Morgan Stanley turned on their 16,000"}, {"start": "00:05:36", "end": "00:05:43", "text": "plus advisors."}, {"start": "00:05:39", "end": "00:05:45", "text": ">> And 7.4 trillion in client assets. And"}, {"start": "00:05:43", "end": "00:05:47", "text": "think about this, because Morgan"}, {"start": "00:05:45", "end": "00:05:50", "text": "Stanley's Bitcoin ETF, they're making"}, {"start": "00:05:47", "end": "00:05:51", "text": "almost nothing on fees compared to Black"}, {"start": "00:05:50", "end": "00:05:53", "text": "Rockck, compared to everyone. They're"}, {"start": "00:05:51", "end": "00:05:55", "text": "making very little on fees based on how"}, {"start": "00:05:53", "end": "00:05:58", "text": "they structure this. As they pitch their"}, {"start": "00:05:55", "end": "00:06:00", "text": "clients, they can the clients don't have"}, {"start": "00:05:58", "end": "00:06:01", "text": "to think, \"Oh, is there some hidden"}, {"start": "00:06:00", "end": "00:06:04", "text": "incentive? Are they trying to make money"}, {"start": "00:06:01", "end": "00:06:07", "text": "on me?\" And I loved this clip from the"}, {"start": "00:06:04", "end": "00:06:10", "text": "TFTC podcast about some of their"}, {"start": "00:06:07", "end": "00:06:13", "text": "friends. They have friends working at"}, {"start": "00:06:10", "end": "00:06:15", "text": "Morgan Stanley. Listen to the insights"}, {"start": "00:06:13", "end": "00:06:18", "text": "on what's happening with those 16"}, {"start": "00:06:15", "end": "00:06:20", "text": "trillion advisors. This is just listen"}, {"start": "00:06:18", "end": "00:06:22", "text": "to this. This Morgan Stanley ETF, I"}, {"start": "00:06:20", "end": "00:06:23", "text": "mean, is notable for two reasons."}, {"start": "00:06:22", "end": "00:06:26", "text": "Obviously, another heavyweight getting"}, {"start": "00:06:23", "end": "00:06:28", "text": "into the Bitcoin ring. Um, but also it"}, {"start": "00:06:26", "end": "00:06:30", "text": "undercuts the price of IBIT, Black"}, {"start": "00:06:28", "end": "00:06:33", "text": "Rockck, which has been the clearly"}, {"start": "00:06:30", "end": "00:06:36", "text": "dominant ETF, Bitcoin ETF provider up"}, {"start": "00:06:33", "end": "00:06:39", "text": "until this point. Um, in a pretty I"}, {"start": "00:06:36", "end": "00:06:41", "text": "mean, it's a pretty packed race in terms"}, {"start": "00:06:39", "end": "00:06:44", "text": "of number of Bitcoin ETFs at this point."}, {"start": "00:06:41", "end": "00:06:47", "text": "Um, but Morgan Stanley has added their"}, {"start": "00:06:44", "end": "00:06:50", "text": "hat to the ring, lower fees than IBIT,"}, {"start": "00:06:47", "end": "00:06:52", "text": "but also they have a [�__�] ton of money"}, {"start": "00:06:50", "end": "00:06:57", "text": "under management with private wealth"}, {"start": "00:06:52", "end": "00:06:59", "text": "clients. Um, and so presumably"}, {"start": "00:06:57", "end": "00:07:01", "text": "what a lot of speculation is is that"}, {"start": "00:06:59", "end": "00:07:03", "text": "those wealth advisors have been"}, {"start": "00:07:01", "end": "00:07:05", "text": "basically waiting for them to have like"}, {"start": "00:07:03", "end": "00:07:07", "text": "the vertically integrated Morgan"}, {"start": "00:07:05", "end": "00:07:11", "text": "Stanleybacked product to push that money"}, {"start": "00:07:07", "end": "00:07:12", "text": "into. uh which I think is a a reasonable"}, {"start": "00:07:11", "end": "00:07:16", "text": "speculation. I think the question is"}, {"start": "00:07:12", "end": "00:07:18", "text": "more at what size than if that is the"}, {"start": "00:07:16", "end": "00:07:22", "text": "case, right? You just got to follow"}, {"start": "00:07:18", "end": "00:07:24", "text": "incentives. Yeah. My old neighbor"}, {"start": "00:07:22", "end": "00:07:26", "text": "from uh from Boston, shout out to you,"}, {"start": "00:07:24", "end": "00:07:28", "text": "Joe, if you're out there, if you're"}, {"start": "00:07:26", "end": "00:07:31", "text": "listening, I know you are."}, {"start": "00:07:28", "end": "00:07:33", "text": "Works at Morgan Stanley, wealth manager."}, {"start": "00:07:31", "end": "00:07:35", "text": "Um, I I said this on air and I think"}, {"start": "00:07:33", "end": "00:07:37", "text": "it's okay to say now, but like a year"}, {"start": "00:07:35", "end": "00:07:39", "text": "ago they were prepping all their wealth"}, {"start": "00:07:37", "end": "00:07:42", "text": "adviserss on how to educate their"}, {"start": "00:07:39", "end": "00:07:44", "text": "clients about Bitcoin and uh"}, {"start": "00:07:42", "end": "00:07:46", "text": "we would talk at length about Bitcoin."}, {"start": "00:07:44", "end": "00:07:48", "text": "So, I'm sure he's out there hitting the"}, {"start": "00:07:46", "end": "00:07:50", "text": "pavement um trying to funnel people into"}, {"start": "00:07:48", "end": "00:07:51", "text": "this ETF. By the way, I think a lot of"}, {"start": "00:07:50", "end": "00:07:55", "text": "you guys saw this. Some of you were"}, {"start": "00:07:51", "end": "00:07:57", "text": "asking me why is Bit Tensor Tow"}, {"start": "00:07:55", "end": "00:08:00", "text": "crashing? It went down a little bit over"}, {"start": "00:07:57", "end": "00:08:04", "text": "20% in the last 24 hours. Even though I"}, {"start": "00:08:00", "end": "00:08:07", "text": "will say if we just look at the chart"}, {"start": "00:08:04", "end": "00:08:10", "text": "over the last let's go three months 20%"}, {"start": "00:08:07", "end": "00:08:13", "text": "off of the near 90% run we are still"}, {"start": "00:08:10", "end": "00:08:15", "text": "very much up. But why the sudden crash?"}, {"start": "00:08:13", "end": "00:08:18", "text": "Well, Bit Tensor Tao crashes after a"}, {"start": "00:08:15", "end": "00:08:21", "text": "major subnet leaves the project. He"}, {"start": "00:08:18", "end": "00:08:23", "text": "actually allegedly rugpulled. And by the"}, {"start": "00:08:21", "end": "00:08:25", "text": "way, just like Ethereum tokens leave"}, {"start": "00:08:23", "end": "00:08:28", "text": "Ethereum all the time, new ones come up."}, {"start": "00:08:25", "end": "00:08:29", "text": "Tao subnets leave and and new ones pop"}, {"start": "00:08:28", "end": "00:08:31", "text": "up all the time. That's nothing new."}, {"start": "00:08:29", "end": "00:08:34", "text": "That's how Bit Tensor works. But this"}, {"start": "00:08:31", "end": "00:08:37", "text": "was a major subnet. This was the one"}, {"start": "00:08:34", "end": "00:08:39", "text": "that got mentioned by Nvidia CEO and"}, {"start": "00:08:37", "end": "00:08:40", "text": "Chimath Palapatia a few weeks ago."}, {"start": "00:08:39", "end": "00:08:42", "text": ">> Let me ask you a question about open"}, {"start": "00:08:40", "end": "00:08:43", "text": "source two days ago. You may not have"}, {"start": "00:08:42", "end": "00:08:46", "text": "seen this cuz you were busy on stage,"}, {"start": "00:08:43", "end": "00:08:48", "text": "but there was a training run that"}, {"start": "00:08:46", "end": "00:08:51", "text": "happened in this crypto project called"}, {"start": "00:08:48", "end": "00:08:54", "text": "Bit Tensor Subnet 3. A lot of people are"}, {"start": "00:08:51", "end": "00:08:57", "text": "actually suspecting a rugpull or at"}, {"start": "00:08:54", "end": "00:09:00", "text": "least hidden agenda intentions because"}, {"start": "00:08:57", "end": "00:09:02", "text": "this is the subnet founder that left."}, {"start": "00:09:00", "end": "00:09:03", "text": "This was an interview interview from a"}, {"start": "00:09:02", "end": "00:09:06", "text": "few weeks ago. I came to the open tensor"}, {"start": "00:09:03", "end": "00:09:08", "text": "foundation looking for a good payday and"}, {"start": "00:09:06", "end": "00:09:11", "text": "you know hopefully you know where I was"}, {"start": "00:09:08", "end": "00:09:14", "text": "literally gone for hire but then I"}, {"start": "00:09:11", "end": "00:09:17", "text": "understood bit tensor and to me I mean"}, {"start": "00:09:14", "end": "00:09:19", "text": "there's a lot of chaos in bit tensor"}, {"start": "00:09:17", "end": "00:09:23", "text": "that I could rant about it forever but"}, {"start": "00:09:19", "end": "00:09:26", "text": "there's a primal energy and you know"}, {"start": "00:09:23", "end": "00:09:28", "text": "honestly I do believe it is the last"}, {"start": "00:09:26", "end": "00:09:32", "text": "bastion that exists in the whole space"}, {"start": "00:09:28", "end": "00:09:35", "text": "of people or a system that tries to"}, {"start": "00:09:32", "end": "00:09:38", "text": "represent Satoshi's dream. So, you know,"}, {"start": "00:09:35", "end": "00:09:40", "text": "okay, fine. I like Bit Tensor, but I"}, {"start": "00:09:38", "end": "00:09:42", "text": "[�__�] I'm sick of blockchains. Where"}, {"start": "00:09:40", "end": "00:09:44", "text": "do we go from there? I led the I let the"}, {"start": "00:09:42", "end": "00:09:46", "text": "blockchain scene for about a couple of"}, {"start": "00:09:44", "end": "00:09:48", "text": "months. Then I'll just start telling"}, {"start": "00:09:46", "end": "00:09:50", "text": "like Con Jake, who's the founder, like,"}, {"start": "00:09:48", "end": "00:09:52", "text": "bro, put put me in. I'm ready for"}, {"start": "00:09:50", "end": "00:09:54", "text": "Subnets like you know, whatever. Back"}, {"start": "00:09:52", "end": "00:09:57", "text": "then, subnets used to make so owners"}, {"start": "00:09:54", "end": "00:09:58", "text": "used to make so much money back then"}, {"start": "00:09:57", "end": "00:10:00", "text": "like this Templar money, they used to"}, {"start": "00:09:58", "end": "00:10:02", "text": "make it a day and you could sell at the"}, {"start": "00:10:00", "end": "00:10:04", "text": "end of the So I thought you know what do"}, {"start": "00:10:02", "end": "00:10:06", "text": "this for two three months and you know"}, {"start": "00:10:04", "end": "00:10:10", "text": "two three years and you know a couple of"}, {"start": "00:10:06", "end": "00:10:12", "text": "million couple of million and leave. So"}, {"start": "00:10:10", "end": "00:10:14", "text": "eventually you know Jake Jake and I"}, {"start": "00:10:12", "end": "00:10:16", "text": "worked on the initial version of Templar"}, {"start": "00:10:14", "end": "00:10:17", "text": "and you know I really got to understand"}, {"start": "00:10:16", "end": "00:10:20", "text": "it."}, {"start": "00:10:17", "end": "00:10:23", "text": ">> The good news is to founder has come out"}, {"start": "00:10:20", "end": "00:10:26", "text": "and made a statement. He says exploits"}, {"start": "00:10:23", "end": "00:10:28", "text": "are what teach a system its weak spots."}, {"start": "00:10:26", "end": "00:10:31", "text": "The quicker you find them the faster you"}, {"start": "00:10:28", "end": "00:10:33", "text": "learn. The outcome of this eventful"}, {"start": "00:10:31", "end": "00:10:36", "text": "evening is that Bit Tensor will invent"}, {"start": "00:10:33", "end": "00:10:38", "text": "lockbased subnet ownership."}, {"start": "00:10:36", "end": "00:10:41", "text": "Specifically, ownership of a subnet"}, {"start": "00:10:38", "end": "00:10:43", "text": "determined by a team's long-term"}, {"start": "00:10:41", "end": "00:10:47", "text": "economic commitment to the project. So,"}, {"start": "00:10:43", "end": "00:10:50", "text": "a specific subnet founder can't get uh"}, {"start": "00:10:47", "end": "00:10:53", "text": "not donated, but can't get, you know,"}, {"start": "00:10:50", "end": "00:10:56", "text": "tens of thousands of Tao tokens invested"}, {"start": "00:10:53", "end": "00:10:57", "text": "into them and then just rug the project."}, {"start": "00:10:56", "end": "00:10:59", "text": "That should that's not why people put"}, {"start": "00:10:57", "end": "00:11:01", "text": "their TOA tokens there. Here's 60"}, {"start": "00:10:59", "end": "00:11:03", "text": "seconds of the Bit Tensor Founder making"}, {"start": "00:11:01", "end": "00:11:04", "text": "a public statement. Listen to this."}, {"start": "00:11:03", "end": "00:11:07", "text": ">> Um, so I think that the highest priority"}, {"start": "00:11:04", "end": "00:11:10", "text": "is is going to be reviving those those"}, {"start": "00:11:07", "end": "00:11:12", "text": "projects um in some way uh either"}, {"start": "00:11:10", "end": "00:11:15", "text": "finding developers that were in the team"}, {"start": "00:11:12", "end": "00:11:17", "text": "to continue the project um by shifting"}, {"start": "00:11:15", "end": "00:11:18", "text": "stake to their keys and letting them run"}, {"start": "00:11:17", "end": "00:11:20", "text": "the validation."}, {"start": "00:11:18", "end": "00:11:25", "text": "Um that's highly important. And then I"}, {"start": "00:11:20", "end": "00:11:28", "text": "think longterm is to develop novel"}, {"start": "00:11:25", "end": "00:11:30", "text": "mechanisms for avoiding this type of um"}, {"start": "00:11:28", "end": "00:11:31", "text": "issue. We had some really good ideas in"}, {"start": "00:11:30", "end": "00:11:33", "text": "the past. Uh we want to follow through"}, {"start": "00:11:31", "end": "00:11:35", "text": "with them. That's that's like not"}, {"start": "00:11:33", "end": "00:11:37", "text": "something we can do right right now."}, {"start": "00:11:35", "end": "00:11:38", "text": "It's going to take weeks, months to"}, {"start": "00:11:37", "end": "00:11:39", "text": "implement that. We have to do it"}, {"start": "00:11:38", "end": "00:11:42", "text": "carefully."}, {"start": "00:11:39", "end": "00:11:43", "text": ">> So a few more subnet spots opened up."}, {"start": "00:11:42", "end": "00:11:47", "text": "The beauty of a decentralized open"}, {"start": "00:11:43", "end": "00:11:49", "text": "source system is a better founder or a"}, {"start": "00:11:47", "end": "00:11:51", "text": "better team can actually come in and do"}, {"start": "00:11:49", "end": "00:11:53", "text": "the exact same thing only with better"}, {"start": "00:11:51", "end": "00:11:55", "text": "leadership because of the open- source"}, {"start": "00:11:53", "end": "00:11:57", "text": "decentralized nature of bid tensor."}, {"start": "00:11:55", "end": "00:11:59", "text": "Nothing was proprietary. People were all"}, {"start": "00:11:57", "end": "00:12:02", "text": "just believing in this open-source"}, {"start": "00:11:59", "end": "00:12:04", "text": "decentralized system. The pulls and"}, {"start": "00:12:02", "end": "00:12:06", "text": "pushes of being early and a potential"}, {"start": "00:12:04", "end": "00:12:09", "text": "gamecher I think. Give me your thoughts"}, {"start": "00:12:06", "end": "00:12:09", "text": "down below."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I met Satoshi back in 2020 and I asked"}, {"start": "00:00:03", "end": "00:00:07", "text": "him a question and what he answered"}, {"start": "00:00:05", "end": "00:00:09", "text": "surprised me. If you're wondering if"}, {"start": "00:00:07", "end": "00:00:13", "text": "Satoshi will ever sell his coins, let me"}, {"start": "00:00:09", "end": "00:00:14", "text": "explain. If Adam back is Satoshi, I was"}, {"start": "00:00:13", "end": "00:00:18", "text": "actually on a live stream, a Bitcoin"}, {"start": "00:00:14", "end": "00:00:20", "text": "having live stream back in 2020 hosted"}, {"start": "00:00:18", "end": "00:00:22", "text": "by Tonebase. Adam Back was on the same"}, {"start": "00:00:20", "end": "00:00:25", "text": "live stream and I asked him, the alleged"}, {"start": "00:00:22", "end": "00:00:27", "text": "Satoshi, do you still get excited when"}, {"start": "00:00:25", "end": "00:00:29", "text": "Bitcoin's price pumps? Now, this is out"}, {"start": "00:00:27", "end": "00:00:31", "text": "there somewhere on Ton's channel."}, {"start": "00:00:29", "end": "00:00:33", "text": "Presumably, he responded something to"}, {"start": "00:00:31", "end": "00:00:36", "text": "the effect of, \"Well, I trade Bitcoin.\""}, {"start": "00:00:33", "end": "00:00:38", "text": "And to me, I took it as an obvious yes,"}, {"start": "00:00:36", "end": "00:00:40", "text": "Bitcoin price action still excites me"}, {"start": "00:00:38", "end": "00:00:43", "text": "greatly type of answer. He's still into"}, {"start": "00:00:40", "end": "00:00:46", "text": "it. Conclusion: If Satoshi Nakamoto"}, {"start": "00:00:43", "end": "00:00:49", "text": "trades Bitcoin, that could either mean"}, {"start": "00:00:46", "end": "00:00:52", "text": "that Satoshi has made more money than"}, {"start": "00:00:49", "end": "00:00:53", "text": "that Bitcoin stash everybody's afraid he"}, {"start": "00:00:52", "end": "00:00:55", "text": "might sell. He's already rich from"}, {"start": "00:00:53", "end": "00:00:57", "text": "trading, so he doesn't need it. Or it's"}, {"start": "00:00:55", "end": "00:00:59", "text": "also possible that Adameach has lost"}, {"start": "00:00:57", "end": "00:01:02", "text": "more money trading than he ever used to"}, {"start": "00:00:59", "end": "00:01:07", "text": "own or mine as Satoshi. And if that's"}, {"start": "00:01:02", "end": "00:01:07", "text": "the case, could he still access"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I think that Bitcoin is in this like"}, {"start": "00:00:03", "end": "00:00:08", "text": "post nonuporic"}, {"start": "00:00:05", "end": "00:00:10", "text": "digestion phase. There's no denying that"}, {"start": "00:00:08", "end": "00:00:12", "text": "like the labor market is weakening."}, {"start": "00:00:10", "end": "00:00:15", "text": "There's no denying that inflation is"}, {"start": "00:00:12", "end": "00:00:18", "text": "starting to strengthen and that we could"}, {"start": "00:00:15", "end": "00:00:21", "text": "in we could still end up in a recession,"}, {"start": "00:00:18", "end": "00:00:22", "text": "just not induced by a pandemic, just"}, {"start": "00:00:21", "end": "00:00:25", "text": "induced by something else."}, {"start": "00:00:22", "end": "00:00:29", "text": ">> If you still hold Bitcoin, this is the"}, {"start": "00:00:25", "end": "00:00:32", "text": "one interview you need to watch in full."}, {"start": "00:00:29", "end": "00:00:35", "text": "It is very possible that this rally is"}, {"start": "00:00:32", "end": "00:00:39", "text": "only temporary and Bitcoin is going a"}, {"start": "00:00:35", "end": "00:00:42", "text": "lot lower. At least according to quant"}, {"start": "00:00:39", "end": "00:00:45", "text": "analyst and PhD Benjamin Cowan, who"}, {"start": "00:00:42", "end": "00:00:49", "text": "finally reveals and explains his"}, {"start": "00:00:45", "end": "00:00:49", "text": "prediction for the exact date of the"}, {"start": "00:00:49", "end": "00:00:51", "text": "bottom."}, {"start": "00:00:49", "end": "00:00:54", "text": ">> What if this time's not different? What"}, {"start": "00:00:51", "end": "00:00:55", "text": "if Bitcoin just bottoms in October? even"}, {"start": "00:00:54", "end": "00:00:57", "text": "though like everyone thinks that's when"}, {"start": "00:00:55", "end": "00:00:58", "text": "it's going to bottom at this point based"}, {"start": "00:00:57", "end": "00:01:00", "text": "on on the four-ear cycle, but people"}, {"start": "00:00:58", "end": "00:01:04", "text": "just get impatient. So, I mean, it makes"}, {"start": "00:01:00", "end": "00:01:06", "text": "sense that that 60K is providing some"}, {"start": "00:01:04", "end": "00:01:08", "text": "support. I just think that, you know, by"}, {"start": "00:01:06", "end": "00:01:11", "text": "the end of this year, we likely will see"}, {"start": "00:01:08", "end": "00:01:13", "text": "that level um that level break."}, {"start": "00:01:11", "end": "00:01:16", "text": ">> He finally reveals and explains his"}, {"start": "00:01:13", "end": "00:01:20", "text": "exact price targets. And what's"}, {"start": "00:01:16", "end": "00:01:25", "text": "interesting about 39K"}, {"start": "00:01:20", "end": "00:01:28", "text": "is that 39K from the top"}, {"start": "00:01:25", "end": "00:01:32", "text": "is about a 70% drop."}, {"start": "00:01:28", "end": "00:01:35", "text": ">> He even directly addresses and refutes"}, {"start": "00:01:32", "end": "00:01:36", "text": "the most prominent bulls out there today"}, {"start": "00:01:35", "end": "00:01:37", "text": "like Tom Lee."}, {"start": "00:01:36", "end": "00:01:39", "text": ">> The same thing happened to Tom Lee in"}, {"start": "00:01:37", "end": "00:01:43", "text": "2022 as well. I believe, you know, he he"}, {"start": "00:01:39", "end": "00:01:45", "text": "remained bullish for a lot of 2022 and"}, {"start": "00:01:43", "end": "00:01:47", "text": "and you know, he was sort of called a"}, {"start": "00:01:45", "end": "00:01:51", "text": "clown back then and then once the bull"}, {"start": "00:01:47", "end": "00:01:53", "text": "market resumed in 2023, 2024, everyone"}, {"start": "00:01:51", "end": "00:01:55", "text": "kind of forgot about it. I even make him"}, {"start": "00:01:53", "end": "00:01:56", "text": "give us the bullcase. I mean, what if"}, {"start": "00:01:55", "end": "00:01:59", "text": "he's wrong? Sometimes I hear people"}, {"start": "00:01:56", "end": "00:02:01", "text": "saying about Benjamin Cowan that he"}, {"start": "00:01:59", "end": "00:02:03", "text": "doesn't understand the bullcase. Would"}, {"start": "00:02:01", "end": "00:02:06", "text": "you be able to just steal man, the"}, {"start": "00:02:03", "end": "00:02:08", "text": "bullcase, the bottoms in for 2026? Smash"}, {"start": "00:02:06", "end": "00:02:10", "text": "the like button and share this video"}, {"start": "00:02:08", "end": "00:02:12", "text": "with somebody you know who still holds"}, {"start": "00:02:10", "end": "00:02:15", "text": "Bitcoin. And if you want to gain access"}, {"start": "00:02:12", "end": "00:02:18", "text": "to the same charts Ben uses to analyze"}, {"start": "00:02:15", "end": "00:02:21", "text": "crypto and predict crypto prices, I will"}, {"start": "00:02:18", "end": "00:02:23", "text": "leave a link for you to gain full chart"}, {"start": "00:02:21", "end": "00:02:26", "text": "access below. Now, let me intro this."}, {"start": "00:02:23", "end": "00:02:29", "text": "Benjamin Cowan, great to see you, my"}, {"start": "00:02:26", "end": "00:02:31", "text": "friend. What's new? Not a whole lot"}, {"start": "00:02:29", "end": "00:02:33", "text": "other than the fact that I I just told"}, {"start": "00:02:31", "end": "00:02:35", "text": "you my wife is due with our fifth kid"}, {"start": "00:02:33", "end": "00:02:36", "text": "here in about a month or so. So, that's"}, {"start": "00:02:35", "end": "00:02:38", "text": "pretty exciting. Um, but other than"}, {"start": "00:02:36", "end": "00:02:40", "text": "that, just trying to survive the midterm"}, {"start": "00:02:38", "end": "00:02:42", "text": "year."}, {"start": "00:02:40", "end": "00:02:45", "text": ">> Congratulations. Little little clarity"}, {"start": "00:02:42", "end": "00:02:47", "text": "act is uh, you know, I can't wait."}, {"start": "00:02:45", "end": "00:02:49", "text": ">> Yeah. Yeah. Here we come."}, {"start": "00:02:47", "end": "00:02:51", "text": ">> Anyway, Ben, you know, thank you so much"}, {"start": "00:02:49", "end": "00:02:54", "text": "for coming on because like first things"}, {"start": "00:02:51", "end": "00:02:56", "text": "first, let's just backtrack to when you"}, {"start": "00:02:54", "end": "00:02:59", "text": "were here last in early November. Early"}, {"start": "00:02:56", "end": "00:03:01", "text": "November, Ben, Bitcoin's price was above"}, {"start": "00:02:59", "end": "00:03:03", "text": "$110,000."}, {"start": "00:03:01", "end": "00:03:05", "text": "and we interviewed you here at Altcoin"}, {"start": "00:03:03", "end": "00:03:08", "text": "Daily and you told us at that time that"}, {"start": "00:03:05", "end": "00:03:11", "text": "the top was most likely in. Either way,"}, {"start": "00:03:08", "end": "00:03:15", "text": "Q4 was the top and in your opinion back"}, {"start": "00:03:11", "end": "00:03:19", "text": "then Q1 will be absolute carnage. Well,"}, {"start": "00:03:15", "end": "00:03:21", "text": "cut to February 2026, Bitcoin hits 59K"}, {"start": "00:03:19", "end": "00:03:23", "text": "almost halves. Ben, how did you predict"}, {"start": "00:03:21", "end": "00:03:25", "text": "everything so accurately?"}, {"start": "00:03:23", "end": "00:03:28", "text": ">> I mean, I think in this case, I mean,"}, {"start": "00:03:25", "end": "00:03:29", "text": "honestly, you probably kind of knew it"}, {"start": "00:03:28", "end": "00:03:31", "text": "was coming too, right? And and the"}, {"start": "00:03:29", "end": "00:03:35", "text": "reason is because you know when I"}, {"start": "00:03:31", "end": "00:03:36", "text": "started my YouTube channels 2019 um but"}, {"start": "00:03:35", "end": "00:03:38", "text": "I you know I followed various YouTube"}, {"start": "00:03:36", "end": "00:03:40", "text": "channels before that and and you were"}, {"start": "00:03:38", "end": "00:03:45", "text": "one of them back in 2018 grinding back"}, {"start": "00:03:40", "end": "00:03:47", "text": "in 2018. Um and we saw what 2018 was"}, {"start": "00:03:45", "end": "00:03:50", "text": "like right and and we you saw and I saw"}, {"start": "00:03:47", "end": "00:03:52", "text": "what 2022 was like and you know back in"}, {"start": "00:03:50", "end": "00:03:54", "text": "2014 that was also a pretty brutal year"}, {"start": "00:03:52", "end": "00:03:56", "text": "as well. And so I think part of it was"}, {"start": "00:03:54", "end": "00:03:58", "text": "just like what if this time's not"}, {"start": "00:03:56", "end": "00:04:00", "text": "different? I mean in a lot of ways it"}, {"start": "00:03:58", "end": "00:04:02", "text": "was in the sense that there was no like"}, {"start": "00:04:00", "end": "00:04:06", "text": "alt season. There was no like rotation"}, {"start": "00:04:02", "end": "00:04:08", "text": "from Bitcoin to to micro caps. Um there"}, {"start": "00:04:06", "end": "00:04:10", "text": "was no surge of retail interest. So in"}, {"start": "00:04:08", "end": "00:04:12", "text": "some ways it was different but in other"}, {"start": "00:04:10", "end": "00:04:14", "text": "ways it was exactly the same right and"}, {"start": "00:04:12", "end": "00:04:16", "text": "that is that Bitcoin just topped in the"}, {"start": "00:04:14", "end": "00:04:18", "text": "fourth quarter of the post having year"}, {"start": "00:04:16", "end": "00:04:21", "text": "which is when it always has topped"}, {"start": "00:04:18", "end": "00:04:23", "text": "before and it just happened to top"}, {"start": "00:04:21", "end": "00:04:25", "text": "again. So I mean I I I don't really"}, {"start": "00:04:23", "end": "00:04:26", "text": "think it it requires a crystal ball or"}, {"start": "00:04:25", "end": "00:04:30", "text": "anything like that. It's more so like,"}, {"start": "00:04:26", "end": "00:04:32", "text": "hey, this has worked in the past and"}, {"start": "00:04:30", "end": "00:04:35", "text": "let's just see if it works again."}, {"start": "00:04:32", "end": "00:04:37", "text": ">> Well, let's think forward, Ben, because"}, {"start": "00:04:35", "end": "00:04:39", "text": "everybody's curious. I mean, I I've"}, {"start": "00:04:37", "end": "00:04:41", "text": "heard you I've seen you tweet the"}, {"start": "00:04:39", "end": "00:04:44", "text": "four-year cycle playing out. If so, that"}, {"start": "00:04:41", "end": "00:04:48", "text": "means uh a greater bottom happens"}, {"start": "00:04:44", "end": "00:04:49", "text": "probably late Q3, Q4 of this year. But I"}, {"start": "00:04:48", "end": "00:04:50", "text": "don't want to put words in your mouth,"}, {"start": "00:04:49", "end": "00:04:52", "text": "Ben. And I don't know if you want to"}, {"start": "00:04:50", "end": "00:04:55", "text": "start with Bitcoin or start with macro."}, {"start": "00:04:52", "end": "00:04:57", "text": "Either way, man, what comes next?"}, {"start": "00:04:55", "end": "00:04:58", "text": ">> Yeah, it's a good question. I I think"}, {"start": "00:04:57", "end": "00:05:00", "text": "the the thing to first think about is"}, {"start": "00:04:58", "end": "00:05:02", "text": "like was this time different, right? And"}, {"start": "00:05:00", "end": "00:05:05", "text": "and I I just want to talk a little bit"}, {"start": "00:05:02", "end": "00:05:07", "text": "about that and and why this time felt"}, {"start": "00:05:05", "end": "00:05:08", "text": "different even though like in many ways"}, {"start": "00:05:07", "end": "00:05:11", "text": "it was the same, right? In terms of like"}, {"start": "00:05:08", "end": "00:05:14", "text": "when Bitcoin topped, but this is like a"}, {"start": "00:05:11", "end": "00:05:16", "text": "liquidity risk metric. And you can see"}, {"start": "00:05:14", "end": "00:05:18", "text": "that, you know, liquidity conditions"}, {"start": "00:05:16", "end": "00:05:21", "text": "have remained relatively tight for the"}, {"start": "00:05:18", "end": "00:05:23", "text": "last several years. and we only got a"}, {"start": "00:05:21", "end": "00:05:26", "text": "glimpse of liquidity conditions like"}, {"start": "00:05:23", "end": "00:05:27", "text": "this in crypto back in 2019. I've been"}, {"start": "00:05:26", "end": "00:05:29", "text": "on your channel probably one or two"}, {"start": "00:05:27", "end": "00:05:32", "text": "times a year since, you know, the last"}, {"start": "00:05:29", "end": "00:05:34", "text": "several years, since like 2022, 2021."}, {"start": "00:05:32", "end": "00:05:38", "text": "And I I, you know, for for a lot of that"}, {"start": "00:05:34", "end": "00:05:39", "text": "time, I made the comparisons to the 2019"}, {"start": "00:05:38", "end": "00:05:41", "text": "bull market that Bitcoin had, right?"}, {"start": "00:05:39", "end": "00:05:43", "text": "Like the sort of the the Bitcoin bull"}, {"start": "00:05:41", "end": "00:05:44", "text": "market where Bitcoin dominance went up"}, {"start": "00:05:43", "end": "00:05:47", "text": "and then there was no rotation into"}, {"start": "00:05:44", "end": "00:05:49", "text": "altcoins at the end of it, right? So if"}, {"start": "00:05:47", "end": "00:05:53", "text": "you look at the sort of the Bitcoin"}, {"start": "00:05:49", "end": "00:05:56", "text": "chart in the 2019 bull market, there was"}, {"start": "00:05:53", "end": "00:05:58", "text": "no rotation to altcoins after the top"}, {"start": "00:05:56", "end": "00:06:01", "text": "just like there was no rotation to"}, {"start": "00:05:58", "end": "00:06:04", "text": "altcoins after this top. So what I think"}, {"start": "00:06:01", "end": "00:06:06", "text": "is I think that Bitcoin is in this like"}, {"start": "00:06:04", "end": "00:06:09", "text": "post nonuporic"}, {"start": "00:06:06", "end": "00:06:10", "text": "digestion phase is essentially like"}, {"start": "00:06:09", "end": "00:06:13", "text": "where I think it is. And I think"}, {"start": "00:06:10", "end": "00:06:15", "text": "coincidentally it just happens to line"}, {"start": "00:06:13", "end": "00:06:16", "text": "up with the normal midterm year bare"}, {"start": "00:06:15", "end": "00:06:18", "text": "market, right? it just kind of happens"}, {"start": "00:06:16", "end": "00:06:23", "text": "to sort of line up with that. So that's"}, {"start": "00:06:18", "end": "00:06:25", "text": "where I think we are. And so in 2019"}, {"start": "00:06:23", "end": "00:06:26", "text": "when Bitcoin topped, it topped two"}, {"start": "00:06:25", "end": "00:06:28", "text": "months before quantitative tightening"}, {"start": "00:06:26", "end": "00:06:30", "text": "ended. QT ended in August, Bitcoin"}, {"start": "00:06:28", "end": "00:06:33", "text": "topped in June. This time QT ended in"}, {"start": "00:06:30", "end": "00:06:36", "text": "December, Bitcoin topped in October. Lot"}, {"start": "00:06:33", "end": "00:06:38", "text": "of similarities there. Um, and I mean I"}, {"start": "00:06:36", "end": "00:06:39", "text": "can I can just show it in case people"}, {"start": "00:06:38", "end": "00:06:40", "text": "just want to see it. Sometimes it's good"}, {"start": "00:06:39", "end": "00:06:41", "text": "to show everything just for"}, {"start": "00:06:40", "end": "00:06:43", "text": "completeness, even though I think"}, {"start": "00:06:41", "end": "00:06:44", "text": "everyone's probably seen the chart at"}, {"start": "00:06:43", "end": "00:06:46", "text": "this point, but you can kind of see the"}, {"start": "00:06:44", "end": "00:06:49", "text": "similarities. And then the other thing"}, {"start": "00:06:46", "end": "00:06:52", "text": "that I mentioned earlier is how if you"}, {"start": "00:06:49", "end": "00:06:54", "text": "look at the social interest, um, we've"}, {"start": "00:06:52", "end": "00:06:56", "text": "actually added on sort of some new stuff"}, {"start": "00:06:54", "end": "00:06:58", "text": "to the social metric. You can see that"}, {"start": "00:06:56", "end": "00:07:00", "text": "that's basically been trending down"}, {"start": "00:06:58", "end": "00:07:02", "text": "since 2021 as well, kind of like it was"}, {"start": "00:07:00", "end": "00:07:03", "text": "back over there in the Bitcoin bull"}, {"start": "00:07:02", "end": "00:07:06", "text": "market we had kind of going into that"}, {"start": "00:07:03", "end": "00:07:11", "text": "2019 sort of Bitcoin only bull market."}, {"start": "00:07:06", "end": "00:07:13", "text": "So in a lot of ways this time was the"}, {"start": "00:07:11", "end": "00:07:14", "text": "same because Bitcoin topped when it"}, {"start": "00:07:13", "end": "00:07:16", "text": "always topped but in other ways it was"}, {"start": "00:07:14", "end": "00:07:18", "text": "different and the reasons it was"}, {"start": "00:07:16", "end": "00:07:20", "text": "different looking at like liquidity"}, {"start": "00:07:18", "end": "00:07:23", "text": "conditions remained relatively tight."}, {"start": "00:07:20", "end": "00:07:26", "text": "And when you go through and look at like"}, {"start": "00:07:23", "end": "00:07:29", "text": "prior periods where liquidity conditions"}, {"start": "00:07:26", "end": "00:07:32", "text": "were tight like in 2007"}, {"start": "00:07:29", "end": "00:07:34", "text": "uh or 2019 there was no rotation right"}, {"start": "00:07:32", "end": "00:07:37", "text": "out of Bitcoin into alts. there was just"}, {"start": "00:07:34", "end": "00:07:38", "text": "Bitcoin topping on apathy and then going"}, {"start": "00:07:37", "end": "00:07:40", "text": "through some type of timebased"}, {"start": "00:07:38", "end": "00:07:43", "text": "capitulation. And then the other chart"}, {"start": "00:07:40", "end": "00:07:44", "text": "to look at is the business cycle chart."}, {"start": "00:07:43", "end": "00:07:46", "text": "And this chart anyone"}, {"start": "00:07:44", "end": "00:07:48", "text": ">> Thank you. Ben hasn't seen the business"}, {"start": "00:07:46", "end": "00:07:49", "text": "cycle chart, guys. Finally. That's what"}, {"start": "00:07:48", "end": "00:07:52", "text": "people say."}, {"start": "00:07:49", "end": "00:07:54", "text": ">> Yeah. the uh the the business cycle"}, {"start": "00:07:52", "end": "00:07:59", "text": "chart in this case is a chart that I"}, {"start": "00:07:54", "end": "00:08:00", "text": "just made taking the S&P 500 divided by"}, {"start": "00:07:59", "end": "00:08:01", "text": "the unemployment rate squared multiplied"}, {"start": "00:08:00", "end": "00:08:03", "text": "by US inflation rate year-over-year"}, {"start": "00:08:01", "end": "00:08:05", "text": "multiplied by US interest rates"}, {"start": "00:08:03", "end": "00:08:07", "text": "normalized by the money supply and when"}, {"start": "00:08:05", "end": "00:08:09", "text": "you do that you get a pretty convincing"}, {"start": "00:08:07", "end": "00:08:12", "text": "a pretty compelling chart of like"}, {"start": "00:08:09", "end": "00:08:16", "text": "visualizing each prior business cycle"}, {"start": "00:08:12", "end": "00:08:17", "text": "going back to the 1960s and you can see"}, {"start": "00:08:16", "end": "00:08:20", "text": "the only time where this thing was"}, {"start": "00:08:17", "end": "00:08:23", "text": "elevated throughout Bitcoin's history"}, {"start": "00:08:20", "end": "00:08:25", "text": "other than where we are now was in 2019,"}, {"start": "00:08:23", "end": "00:08:27", "text": "right? When we were when we had similar"}, {"start": "00:08:25", "end": "00:08:30", "text": "types of market conditions back then as"}, {"start": "00:08:27", "end": "00:08:32", "text": "well, also had an inverted yield curve,"}, {"start": "00:08:30", "end": "00:08:35", "text": "also had Bitcoin dominance going up for,"}, {"start": "00:08:32", "end": "00:08:37", "text": "you know, for a while. And so the point"}, {"start": "00:08:35", "end": "00:08:39", "text": "is is when you are in a late business"}, {"start": "00:08:37", "end": "00:08:41", "text": "cycle environment, which is where I"}, {"start": "00:08:39", "end": "00:08:44", "text": "believe we are right now, when you're in"}, {"start": "00:08:41", "end": "00:08:47", "text": "a late business cycle environment, when"}, {"start": "00:08:44", "end": "00:08:50", "text": "lower risk assets top, there's no"}, {"start": "00:08:47", "end": "00:08:52", "text": "rotation to higher risk assets, right?"}, {"start": "00:08:50", "end": "00:08:54", "text": "So that's why altcoins, a lot of them"}, {"start": "00:08:52", "end": "00:08:58", "text": "topped before Bitcoin and that's why"}, {"start": "00:08:54", "end": "00:09:01", "text": "Bitcoin topped before stocks and that's"}, {"start": "00:08:58", "end": "00:09:03", "text": "why stocks have been continuing to bleed"}, {"start": "00:09:01", "end": "00:09:05", "text": "to gold. Right? So again, we can kind of"}, {"start": "00:09:03", "end": "00:09:07", "text": "see this like late business cycle"}, {"start": "00:09:05", "end": "00:09:09", "text": "environment. That doesn't mean stocks"}, {"start": "00:09:07", "end": "00:09:11", "text": "can't ever rally, right? I mean, in"}, {"start": "00:09:09", "end": "00:09:12", "text": "fact, there's plenty of times where"}, {"start": "00:09:11", "end": "00:09:14", "text": "stocks even rally back up to the prior"}, {"start": "00:09:12", "end": "00:09:18", "text": "all-time highs even in a late business"}, {"start": "00:09:14", "end": "00:09:20", "text": "cycle environment. But for Bitcoin, I"}, {"start": "00:09:18", "end": "00:09:22", "text": "think Bitcoin is, you know,"}, {"start": "00:09:20", "end": "00:09:23", "text": "unfortunately just in a bare market at"}, {"start": "00:09:22", "end": "00:09:25", "text": "this point. It doesn't mean you're not"}, {"start": "00:09:23", "end": "00:09:29", "text": "going to have tactical rallies back up."}, {"start": "00:09:25", "end": "00:09:31", "text": "Um, you know, you can kind of see how"}, {"start": "00:09:29", "end": "00:09:33", "text": "you have the sort of what was the bull"}, {"start": "00:09:31", "end": "00:09:34", "text": "market support band turned into the bare"}, {"start": "00:09:33", "end": "00:09:37", "text": "market resistance band. So, you could"}, {"start": "00:09:34", "end": "00:09:39", "text": "argue that's currently at around 78K,"}, {"start": "00:09:37", "end": "00:09:42", "text": "79K or so. So, that's kind of going to"}, {"start": "00:09:39", "end": "00:09:45", "text": "be that line in the sand. My guess is"}, {"start": "00:09:42", "end": "00:09:48", "text": "that more opportunities will come as the"}, {"start": "00:09:45", "end": "00:09:53", "text": "year goes on. Now the base case that I"}, {"start": "00:09:48", "end": "00:09:55", "text": "have for Bitcoin is that the most likely"}, {"start": "00:09:53", "end": "00:09:56", "text": "outcome for a low and it does not it"}, {"start": "00:09:55", "end": "00:09:58", "text": "does not mean that this has to be when"}, {"start": "00:09:56", "end": "00:10:02", "text": "the low occurs just the most likely the"}, {"start": "00:09:58", "end": "00:10:04", "text": "highest probability would be October,"}, {"start": "00:10:02", "end": "00:10:07", "text": "right? And the reason I say October is"}, {"start": "00:10:04", "end": "00:10:10", "text": "because you know the the bare market in"}, {"start": "00:10:07", "end": "00:10:12", "text": "2022 lasted from November 2021 to"}, {"start": "00:10:10", "end": "00:10:13", "text": "November 2022. the one before that, the"}, {"start": "00:10:12", "end": "00:10:15", "text": "one where you when you started your"}, {"start": "00:10:13", "end": "00:10:18", "text": "YouTube channel, uh, we had a bare"}, {"start": "00:10:15", "end": "00:10:20", "text": "market from December 2017 to to, you"}, {"start": "00:10:18", "end": "00:10:22", "text": "know, it probably is better than I do to"}, {"start": "00:10:20", "end": "00:10:24", "text": "December 2018. That was a brutal bare"}, {"start": "00:10:22", "end": "00:10:26", "text": "market. In fact, the 2018 bare market I"}, {"start": "00:10:24", "end": "00:10:29", "text": "thought was way more brutal than the one"}, {"start": "00:10:26", "end": "00:10:31", "text": "in 2022. Um, that was a really a really"}, {"start": "00:10:29", "end": "00:10:34", "text": "tough one. And so maybe this time is"}, {"start": "00:10:31", "end": "00:10:36", "text": "just October to October. So, I would say"}, {"start": "00:10:34", "end": "00:10:39", "text": "October is the most likely time frame"}, {"start": "00:10:36", "end": "00:10:42", "text": "for a low, but you could also have lows"}, {"start": "00:10:39", "end": "00:10:45", "text": "occur as early as May in my opinion if"}, {"start": "00:10:42", "end": "00:10:46", "text": "there's some type of crisis. Um, or it"}, {"start": "00:10:45", "end": "00:10:50", "text": "could be, you know, it could be further"}, {"start": "00:10:46", "end": "00:10:52", "text": "out um in some situations, but I think"}, {"start": "00:10:50", "end": "00:10:54", "text": "October makes the most amount of sense."}, {"start": "00:10:52", "end": "00:10:56", "text": ">> So, you were here to tell us that in"}, {"start": "00:10:54", "end": "00:10:59", "text": "your opinion, Bitcoin's bottom is not"}, {"start": "00:10:56", "end": "00:11:01", "text": "in, as you just said, it will happen May"}, {"start": "00:10:59", "end": "00:11:04", "text": "through October sometime later in the"}, {"start": "00:11:01", "end": "00:11:05", "text": "year. What percentage chance do you"}, {"start": "00:11:04", "end": "00:11:07", "text": "think that's likely to play out or or"}, {"start": "00:11:05", "end": "00:11:10", "text": "what percentage chance do you think"}, {"start": "00:11:07", "end": "00:11:11", "text": "maybe it's like the bottom is in?"}, {"start": "00:11:10", "end": "00:11:12", "text": ">> Yeah, that's a good question because I"}, {"start": "00:11:11", "end": "00:11:14", "text": "mean I do think it's relevant to always"}, {"start": "00:11:12", "end": "00:11:16", "text": "ask ourselves like what if what if we're"}, {"start": "00:11:14", "end": "00:11:18", "text": "wrong, right? I mean and like just"}, {"start": "00:11:16", "end": "00:11:21", "text": "because I was right about Bitcoin"}, {"start": "00:11:18", "end": "00:11:22", "text": "topping in Q4 does not necessarily mean"}, {"start": "00:11:21", "end": "00:11:23", "text": "I'm going to be right about the next"}, {"start": "00:11:22", "end": "00:11:25", "text": "thing, right? And I think that's kind of"}, {"start": "00:11:23", "end": "00:11:27", "text": "something we have to remind ourselves of"}, {"start": "00:11:25", "end": "00:11:28", "text": "and I've been wrong about things in the"}, {"start": "00:11:27", "end": "00:11:30", "text": "past. Um"}, {"start": "00:11:28", "end": "00:11:31", "text": ">> the audience keeps track of that for us."}, {"start": "00:11:30", "end": "00:11:35", "text": ">> Oh yeah, they do."}, {"start": "00:11:31", "end": "00:11:37", "text": "Uh I I would say I I think I'm I'm sort"}, {"start": "00:11:35", "end": "00:11:40", "text": "of at like 7525. Like I I would say"}, {"start": "00:11:37", "end": "00:11:42", "text": "there's like a 75% chance that the"}, {"start": "00:11:40", "end": "00:11:45", "text": "Bitcoin bottom is still in the future."}, {"start": "00:11:42", "end": "00:11:47", "text": "Um maybe a 25% chance that it's already"}, {"start": "00:11:45", "end": "00:11:49", "text": "in. And there's a couple of charts I"}, {"start": "00:11:47", "end": "00:11:52", "text": "could show to to that just kind of"}, {"start": "00:11:49", "end": "00:11:56", "text": "explain why I'm not yet willing to say"}, {"start": "00:11:52", "end": "00:11:57", "text": "that that is the low in February. Um and"}, {"start": "00:11:56", "end": "00:11:59", "text": "there's some of them are really"}, {"start": "00:11:57", "end": "00:12:02", "text": "aesthetically pleasing, right? So, so if"}, {"start": "00:11:59", "end": "00:12:05", "text": "you look at the ROI from the low uh for"}, {"start": "00:12:02", "end": "00:12:08", "text": "the for this cycle and the last two, you"}, {"start": "00:12:05", "end": "00:12:10", "text": "know, this the cycle topped exactly when"}, {"start": "00:12:08", "end": "00:12:13", "text": "the other two cycles topped in terms of"}, {"start": "00:12:10", "end": "00:12:15", "text": "time to within one week. And you can see"}, {"start": "00:12:13", "end": "00:12:17", "text": "the bare market just kind of extended"}, {"start": "00:12:15", "end": "00:12:19", "text": "out and if this were to continue, then"}, {"start": "00:12:17", "end": "00:12:21", "text": "it would put the low around October."}, {"start": "00:12:19", "end": "00:12:23", "text": "Okay. Now, there's one chart that I I"}, {"start": "00:12:21", "end": "00:12:25", "text": "really like to look at. It's the"}, {"start": "00:12:23", "end": "00:12:30", "text": "Bitcoin, it's an onchain chart. It's the"}, {"start": "00:12:25", "end": "00:12:33", "text": "Bitcoin um percentage uh supply in"}, {"start": "00:12:30", "end": "00:12:36", "text": "profit or loss. And this chart, the"}, {"start": "00:12:33", "end": "00:12:38", "text": "market cycle bottom has always occurred"}, {"start": "00:12:36", "end": "00:12:40", "text": "after these two charts have crossed each"}, {"start": "00:12:38", "end": "00:12:42", "text": "after these two metrics have crossed"}, {"start": "00:12:40", "end": "00:12:45", "text": "each other. Right? All prior lows occur"}, {"start": "00:12:42", "end": "00:12:47", "text": "after they cross, not before. And we"}, {"start": "00:12:45", "end": "00:12:49", "text": "haven't seen that cross yet. Okay? So"}, {"start": "00:12:47", "end": "00:12:53", "text": "that hasn't happened yet. We've also"}, {"start": "00:12:49", "end": "00:12:57", "text": "historically seen the MVRV Zcore go"}, {"start": "00:12:53", "end": "00:12:58", "text": "below zero in the midterm year and that"}, {"start": "00:12:57", "end": "00:13:00", "text": "hasn't happened yet, right? Like I mean"}, {"start": "00:12:58", "end": "00:13:03", "text": "it's I'm not saying it's not close at"}, {"start": "00:13:00", "end": "00:13:05", "text": "all, but you can see that all prior ones"}, {"start": "00:13:03", "end": "00:13:07", "text": "have gone below zero and then that"}, {"start": "00:13:05", "end": "00:13:09", "text": "hasn't quite happened yet. And the other"}, {"start": "00:13:07", "end": "00:13:11", "text": "thing I'd point out to those that sort"}, {"start": "00:13:09", "end": "00:13:13", "text": "of say that this time is different, if"}, {"start": "00:13:11", "end": "00:13:16", "text": "you look at the year-to- date ROI of"}, {"start": "00:13:13", "end": "00:13:19", "text": "Bitcoin in 2026 and compare it to the"}, {"start": "00:13:16", "end": "00:13:21", "text": "average of prior midterm years and then"}, {"start": "00:13:19", "end": "00:13:22", "text": "overlay one standard deviation onto that"}, {"start": "00:13:21", "end": "00:13:25", "text": "average, like we're still generally"}, {"start": "00:13:22", "end": "00:13:26", "text": "tracking the average of prior midterm"}, {"start": "00:13:25", "end": "00:13:28", "text": "years, right? Like this isn't that"}, {"start": "00:13:26", "end": "00:13:33", "text": "different from what we've previously"}, {"start": "00:13:28", "end": "00:13:35", "text": "seen. In fact, in 2022, Bitcoin had not"}, {"start": "00:13:33", "end": "00:13:38", "text": "dropped as much from the yearly open as"}, {"start": "00:13:35", "end": "00:13:41", "text": "it has dropped so far in this bare"}, {"start": "00:13:38", "end": "00:13:44", "text": "market, right? So, to me, like to to say"}, {"start": "00:13:41", "end": "00:13:47", "text": "that the low would be in would be"}, {"start": "00:13:44", "end": "00:13:49", "text": "ignoring like all the prior cycles and"}, {"start": "00:13:47", "end": "00:13:51", "text": "data that we have. And, you know,"}, {"start": "00:13:49", "end": "00:13:53", "text": "Bitcoin topped when it always topped."}, {"start": "00:13:51", "end": "00:13:54", "text": "even though like I mean I remember"}, {"start": "00:13:53", "end": "00:13:56", "text": "coming on your channel and going on a"}, {"start": "00:13:54", "end": "00:13:57", "text": "lot of other channels and saying hey"}, {"start": "00:13:56", "end": "00:13:59", "text": "it's probably going to top in Q4 because"}, {"start": "00:13:57", "end": "00:14:01", "text": "that's when it always tops and then so"}, {"start": "00:13:59", "end": "00:14:02", "text": "many people sort of retorted that no"}, {"start": "00:14:01", "end": "00:14:04", "text": "like that can't happen because if"}, {"start": "00:14:02", "end": "00:14:05", "text": "everyone thinks it's going to happen"}, {"start": "00:14:04", "end": "00:14:07", "text": "then it won't right and and the four-ear"}, {"start": "00:14:05", "end": "00:14:10", "text": "cycle is going to die and then it"}, {"start": "00:14:07", "end": "00:14:12", "text": "happened anyways. So, you know, what if"}, {"start": "00:14:10", "end": "00:14:14", "text": "what if Bitcoin just bottoms in October?"}, {"start": "00:14:12", "end": "00:14:15", "text": "Even though like everyone thinks that's"}, {"start": "00:14:14", "end": "00:14:17", "text": "when it's going to bottom at this point"}, {"start": "00:14:15", "end": "00:14:19", "text": "based on on the four-year cycle, but"}, {"start": "00:14:17", "end": "00:14:21", "text": "people just get impatient. They they"}, {"start": "00:14:19", "end": "00:14:23", "text": "sort of trade the news headlines. They"}, {"start": "00:14:21", "end": "00:14:25", "text": "get it, you know, they get emotional"}, {"start": "00:14:23", "end": "00:14:28", "text": "about it and perhaps we'll just sort of"}, {"start": "00:14:25", "end": "00:14:29", "text": "sell off later into the year in into"}, {"start": "00:14:28", "end": "00:14:32", "text": "October. So, to sort of answer your"}, {"start": "00:14:29", "end": "00:14:34", "text": "question, I would say 75% chance Bitcoin"}, {"start": "00:14:32", "end": "00:14:37", "text": "would go lower, 25% chance that the low"}, {"start": "00:14:34", "end": "00:14:39", "text": "is in. Um, if Bitcoin hasn't gone lower"}, {"start": "00:14:37", "end": "00:14:42", "text": "by October though, then I probably would"}, {"start": "00:14:39", "end": "00:14:43", "text": "be willing to concede that the low would"}, {"start": "00:14:42", "end": "00:14:45", "text": "be in."}, {"start": "00:14:43", "end": "00:14:48", "text": ">> You know, I see you're not afraid to get"}, {"start": "00:14:45", "end": "00:14:50", "text": "into it on social media with either your"}, {"start": "00:14:48", "end": "00:14:52", "text": "straightup detractors or just kind of"}, {"start": "00:14:50", "end": "00:14:54", "text": "like subweeting like people who"}, {"start": "00:14:52", "end": "00:14:57", "text": "prominently say in this case, the bottom"}, {"start": "00:14:54", "end": "00:15:00", "text": "isn't in. And maybe this bare market"}, {"start": "00:14:57", "end": "00:15:02", "text": "bare market uh nobody more than Tom Lee"}, {"start": "00:15:00", "end": "00:15:03", "text": "has been out there going the bottom's"}, {"start": "00:15:02", "end": "00:15:04", "text": "in, guys. The bottom's in. He's been"}, {"start": "00:15:03", "end": "00:15:08", "text": "calling the bottom for the last five or"}, {"start": "00:15:04", "end": "00:15:10", "text": "so months. Um, is Tom Lee a clown in"}, {"start": "00:15:08", "end": "00:15:11", "text": "your opinion, Ben?"}, {"start": "00:15:10", "end": "00:15:12", "text": ">> I wouldn't say he's a clown. I just"}, {"start": "00:15:11", "end": "00:15:15", "text": "think he's a permable, right? He's"}, {"start": "00:15:12", "end": "00:15:18", "text": "selling a product, right? He has an ETF,"}, {"start": "00:15:15", "end": "00:15:21", "text": "so he's financially incentivized to want"}, {"start": "00:15:18", "end": "00:15:25", "text": "people to go buy the fund that he has,"}, {"start": "00:15:21", "end": "00:15:26", "text": "right? Um, and and so there there's"}, {"start": "00:15:25", "end": "00:15:28", "text": "different types of people, right? You"}, {"start": "00:15:26", "end": "00:15:31", "text": "have permables and they're basically"}, {"start": "00:15:28", "end": "00:15:33", "text": "just cheerleaders. There's nothing wrong"}, {"start": "00:15:31", "end": "00:15:34", "text": "with being a a price cheerleader. I I I"}, {"start": "00:15:33", "end": "00:15:36", "text": "actually think there's nothing wrong"}, {"start": "00:15:34", "end": "00:15:38", "text": "with it. But I think people should"}, {"start": "00:15:36", "end": "00:15:40", "text": "recognize there's a difference between"}, {"start": "00:15:38", "end": "00:15:42", "text": "being a price cheerleader and actually"}, {"start": "00:15:40", "end": "00:15:44", "text": "like trying to analyze the markets and"}, {"start": "00:15:42", "end": "00:15:47", "text": "manage risk, right? Because what he's"}, {"start": "00:15:44", "end": "00:15:49", "text": "trying to do is, you know, essentially"}, {"start": "00:15:47", "end": "00:15:51", "text": "convince people,"}, {"start": "00:15:49", "end": "00:15:54", "text": "I'm guessing, right? I'm guessing he"}, {"start": "00:15:51", "end": "00:15:56", "text": "would like people to go buy his fund uh"}, {"start": "00:15:54", "end": "00:15:58", "text": "and and sort of believe that that that"}, {"start": "00:15:56", "end": "00:15:59", "text": "is where they're going to get great"}, {"start": "00:15:58", "end": "00:16:02", "text": "returns. So, I think there's some"}, {"start": "00:15:59", "end": "00:16:04", "text": "financial incentives there for him to"}, {"start": "00:16:02", "end": "00:16:07", "text": "say that. That's kind of like his"}, {"start": "00:16:04", "end": "00:16:09", "text": "persona in a way is. And by the way, I"}, {"start": "00:16:07", "end": "00:16:11", "text": "mean, if you're going to be a perma bear"}, {"start": "00:16:09", "end": "00:16:13", "text": "or a perma bull, it's better to be a"}, {"start": "00:16:11", "end": "00:16:15", "text": "perma bull than a perma bear because"}, {"start": "00:16:13", "end": "00:16:17", "text": "over the long period of time, the bears"}, {"start": "00:16:15", "end": "00:16:19", "text": "sound smart and the bulls make money."}, {"start": "00:16:17", "end": "00:16:21", "text": "It's just that the same thing happened"}, {"start": "00:16:19", "end": "00:16:23", "text": "to Tom Lee in 2022 as well, I believe."}, {"start": "00:16:21", "end": "00:16:25", "text": "you know, he he remained bullish for a"}, {"start": "00:16:23", "end": "00:16:27", "text": "lot of 2022"}, {"start": "00:16:25", "end": "00:16:30", "text": "and and you know, he was sort of called"}, {"start": "00:16:27", "end": "00:16:33", "text": "a clown back then and then once the bull"}, {"start": "00:16:30", "end": "00:16:35", "text": "market resumed in 2023, 2024, everyone"}, {"start": "00:16:33", "end": "00:16:36", "text": "kind of forgot about it until the next,"}, {"start": "00:16:35", "end": "00:16:40", "text": "you know, until the next midterm year."}, {"start": "00:16:36", "end": "00:16:42", "text": "So, I honestly like I think at some"}, {"start": "00:16:40", "end": "00:16:45", "text": "point in my future um I will just turn"}, {"start": "00:16:42", "end": "00:16:47", "text": "into a price cheerleader if I'm being"}, {"start": "00:16:45", "end": "00:16:49", "text": "honest because I might just get past"}, {"start": "00:16:47", "end": "00:16:52", "text": "this stage and and just sort of live"}, {"start": "00:16:49", "end": "00:16:54", "text": "that live that style. But, um at this"}, {"start": "00:16:52", "end": "00:16:55", "text": "point, I I I wouldn't say he's a clown."}, {"start": "00:16:54", "end": "00:16:56", "text": "I just think it's it's important to"}, {"start": "00:16:55", "end": "00:16:58", "text": "recognize that there's a difference"}, {"start": "00:16:56", "end": "00:17:00", "text": "between someone who's actually trying to"}, {"start": "00:16:58", "end": "00:17:01", "text": "manage risk and analyze the markets for"}, {"start": "00:17:00", "end": "00:17:03", "text": "what they are and someone who's just"}, {"start": "00:17:01", "end": "00:17:05", "text": "cheerleading the price."}, {"start": "00:17:03", "end": "00:17:06", "text": "Well, um, it's interesting you"}, {"start": "00:17:05", "end": "00:17:07", "text": "mentioned, you know, sometime in the"}, {"start": "00:17:06", "end": "00:17:09", "text": "future, obviously, you're going to"}, {"start": "00:17:07", "end": "00:17:10", "text": "change and be bullish. You know,"}, {"start": "00:17:09", "end": "00:17:12", "text": "sometimes I hear people saying about"}, {"start": "00:17:10", "end": "00:17:14", "text": "Benjamin Cowan that he doesn't"}, {"start": "00:17:12", "end": "00:17:17", "text": "understand the bull case. Would you be"}, {"start": "00:17:14", "end": "00:17:19", "text": "able to just steal the bull case, the"}, {"start": "00:17:17", "end": "00:17:21", "text": "bottoms in for 2026?"}, {"start": "00:17:19", "end": "00:17:22", "text": ">> Yeah. I mean, I I I and it's important"}, {"start": "00:17:21", "end": "00:17:24", "text": "to be able to make the case to"}, {"start": "00:17:22", "end": "00:17:27", "text": "understand like where And the funny"}, {"start": "00:17:24", "end": "00:17:29", "text": "thing is is like the bull case is the"}, {"start": "00:17:27", "end": "00:17:31", "text": "2019 comparison, right? Like that is the"}, {"start": "00:17:29", "end": "00:17:34", "text": "bull case. it it's the it's also the"}, {"start": "00:17:31", "end": "00:17:36", "text": "bare case in a way. Uh but let me just"}, {"start": "00:17:34", "end": "00:17:39", "text": "share my screen and show you what I'm"}, {"start": "00:17:36", "end": "00:17:43", "text": "talking about. So if you compare this"}, {"start": "00:17:39", "end": "00:17:45", "text": "bare market to the one in 2019, you can"}, {"start": "00:17:43", "end": "00:17:48", "text": "see that we've kind of copied it in a"}, {"start": "00:17:45", "end": "00:17:50", "text": "way, right? About a 50% drop and then"}, {"start": "00:17:48", "end": "00:17:52", "text": "the market started to rally and then we"}, {"start": "00:17:50", "end": "00:17:55", "text": "got the pandemic induced recession,"}, {"start": "00:17:52", "end": "00:17:57", "text": "right? Who knows what would have"}, {"start": "00:17:55", "end": "00:17:58", "text": "happened back then had there not been a"}, {"start": "00:17:57", "end": "00:18:00", "text": "pandemic, right? Who knows what would"}, {"start": "00:17:58", "end": "00:18:02", "text": "have happened? Maybe it would have"}, {"start": "00:18:00", "end": "00:18:03", "text": "played out in a different way. You know,"}, {"start": "00:18:02", "end": "00:18:06", "text": "maybe would it would have gone to"}, {"start": "00:18:03", "end": "00:18:08", "text": "all-time highs sooner. I don't know. But"}, {"start": "00:18:06", "end": "00:18:12", "text": "what I will say is this. I mean, this is"}, {"start": "00:18:08", "end": "00:18:15", "text": "the bull case. The problem is that while"}, {"start": "00:18:12", "end": "00:18:17", "text": "this was created by a black swan,"}, {"start": "00:18:15", "end": "00:18:19", "text": "there's no denying that like the labor"}, {"start": "00:18:17", "end": "00:18:22", "text": "market is weakening. There's no denying"}, {"start": "00:18:19", "end": "00:18:25", "text": "that inflation is starting to strengthen"}, {"start": "00:18:22", "end": "00:18:28", "text": "and that we could in we could still end"}, {"start": "00:18:25", "end": "00:18:30", "text": "up in a recession, just not induced by a"}, {"start": "00:18:28", "end": "00:18:32", "text": "pandemic, just induced by something"}, {"start": "00:18:30", "end": "00:18:34", "text": "else, right? And one of those things"}, {"start": "00:18:32", "end": "00:18:38", "text": "often times at the end of a business"}, {"start": "00:18:34", "end": "00:18:39", "text": "cycle is the price of oil going up. Um,"}, {"start": "00:18:38", "end": "00:18:42", "text": "that can often be one of the things that"}, {"start": "00:18:39", "end": "00:18:44", "text": "sort of marks the beginning of the end"}, {"start": "00:18:42", "end": "00:18:46", "text": "of the business cycle. So, I would look"}, {"start": "00:18:44", "end": "00:18:49", "text": "at this chart and say that this is the"}, {"start": "00:18:46", "end": "00:18:51", "text": "bull the bull case. The reason why I"}, {"start": "00:18:49", "end": "00:18:55", "text": "don't put as much sort of faith into"}, {"start": "00:18:51", "end": "00:18:57", "text": "this as as sort of the pre and this this"}, {"start": "00:18:55", "end": "00:19:00", "text": "is the only reason why I give it a 25%"}, {"start": "00:18:57", "end": "00:19:03", "text": "chance of the low being end. Um the the"}, {"start": "00:19:00", "end": "00:19:05", "text": "reason why I I don't look at it and and"}, {"start": "00:19:03", "end": "00:19:06", "text": "put a lot of sort of weight into it is"}, {"start": "00:19:05", "end": "00:19:08", "text": "because if you look at if you look at"}, {"start": "00:19:06", "end": "00:19:12", "text": "Bitcoin"}, {"start": "00:19:08", "end": "00:19:15", "text": "um on on Trading View here, one of the"}, {"start": "00:19:12", "end": "00:19:17", "text": "things to consider with, you know, the"}, {"start": "00:19:15", "end": "00:19:21", "text": "2019 bull market is that like the"}, {"start": "00:19:17", "end": "00:19:24", "text": "uptrend and the downtrend lasted about"}, {"start": "00:19:21", "end": "00:19:25", "text": "like the same length of time. So I I"}, {"start": "00:19:24", "end": "00:19:27", "text": "think if you're going to have an uptrend"}, {"start": "00:19:25", "end": "00:19:30", "text": "that's going to last, you know, two to"}, {"start": "00:19:27", "end": "00:19:32", "text": "three times longer than the one in 2019,"}, {"start": "00:19:30", "end": "00:19:35", "text": "it would make sense to have sort of a"}, {"start": "00:19:32", "end": "00:19:39", "text": "digestion phase that takes place over a"}, {"start": "00:19:35", "end": "00:19:40", "text": "a slightly longer uh time period. So"}, {"start": "00:19:39", "end": "00:19:42", "text": "that's what I'm thinking. And then"}, {"start": "00:19:40", "end": "00:19:44", "text": "there's one other thing that I I want to"}, {"start": "00:19:42", "end": "00:19:46", "text": "mention because I meant to mention it"}, {"start": "00:19:44", "end": "00:19:51", "text": "earlier and then I forgot. It's the"}, {"start": "00:19:46", "end": "00:19:53", "text": "balance price and the realized price. So"}, {"start": "00:19:51", "end": "00:19:55", "text": "historically, all of Bitcoin's market"}, {"start": "00:19:53", "end": "00:19:58", "text": "cycle bottoms have occurred after"}, {"start": "00:19:55", "end": "00:20:00", "text": "Bitcoin has gone below both the realized"}, {"start": "00:19:58", "end": "00:20:04", "text": "price and the balance price. You can see"}, {"start": "00:20:00", "end": "00:20:08", "text": "that it happened in 2011. It happened in"}, {"start": "00:20:04", "end": "00:20:11", "text": "2015, in January 2015. It also happened"}, {"start": "00:20:08", "end": "00:20:14", "text": "here in 2018 and in 2020 and then of"}, {"start": "00:20:11", "end": "00:20:16", "text": "course it also happened in 2022. So"}, {"start": "00:20:14", "end": "00:20:20", "text": "today,"}, {"start": "00:20:16", "end": "00:20:21", "text": "Bitcoin is trading um you know, at the"}, {"start": "00:20:20", "end": "00:20:24", "text": "time of this video that we're recording,"}, {"start": "00:20:21", "end": "00:20:28", "text": "it's been trading around 71 $72,000."}, {"start": "00:20:24", "end": "00:20:32", "text": "Um but the realized price of Bitcoin is"}, {"start": "00:20:28", "end": "00:20:35", "text": "down at around 54K and the balance price"}, {"start": "00:20:32", "end": "00:20:39", "text": "is around 39K. And what's interesting"}, {"start": "00:20:35", "end": "00:20:44", "text": "about 39K"}, {"start": "00:20:39", "end": "00:20:48", "text": "is that 39K from the top"}, {"start": "00:20:44", "end": "00:20:51", "text": "is about a 70% drop. Now, the reason why"}, {"start": "00:20:48", "end": "00:20:55", "text": "I sort of that number means something to"}, {"start": "00:20:51", "end": "00:20:58", "text": "me is that every Bitcoin bare market has"}, {"start": "00:20:55", "end": "00:21:00", "text": "been a little less bad, right? A little"}, {"start": "00:20:58", "end": "00:21:03", "text": "more bearable, if you will. First bare"}, {"start": "00:21:00", "end": "00:21:06", "text": "market being about a 94% drop. The"}, {"start": "00:21:03", "end": "00:21:09", "text": "second bare market being about a 87%"}, {"start": "00:21:06", "end": "00:21:12", "text": "drop, the third bare market being about"}, {"start": "00:21:09", "end": "00:21:17", "text": "a 84% drop, and then the next one was"}, {"start": "00:21:12", "end": "00:21:21", "text": "around 77. So if this were a 70% drop"}, {"start": "00:21:17", "end": "00:21:24", "text": "from the high to the low, it would put"}, {"start": "00:21:21", "end": "00:21:26", "text": "Bitcoin, you know, around that $40,000"}, {"start": "00:21:24", "end": "00:21:28", "text": "level, right? And if Bitcoin were at"}, {"start": "00:21:26", "end": "00:21:30", "text": "$40,000, the MVRBZ score would be"}, {"start": "00:21:28", "end": "00:21:33", "text": "completely reset. the supply and profit"}, {"start": "00:21:30", "end": "00:21:37", "text": "and loss indicator would be completely"}, {"start": "00:21:33", "end": "00:21:39", "text": "um reset. Uh the we would be below the"}, {"start": "00:21:37", "end": "00:21:43", "text": "balance price. We'd be below the the the"}, {"start": "00:21:39", "end": "00:21:45", "text": "realized price. It would just seemingly"}, {"start": "00:21:43", "end": "00:21:47", "text": "reset, right? Every everything. And then"}, {"start": "00:21:45", "end": "00:21:50", "text": "also, I mean, I know the pandemic is not"}, {"start": "00:21:47", "end": "00:21:52", "text": "a great example, but if you ignore the"}, {"start": "00:21:50", "end": "00:21:53", "text": "reason for how the recession occurred"}, {"start": "00:21:52", "end": "00:21:55", "text": "and just say, well, we had one, just"}, {"start": "00:21:53", "end": "00:22:00", "text": "like we might have one this time, too."}, {"start": "00:21:55", "end": "00:22:01", "text": "That was about a 70% drop as well. So, I"}, {"start": "00:22:00", "end": "00:22:03", "text": "have to look at that and say, look,"}, {"start": "00:22:01", "end": "00:22:05", "text": "there's a chance that we get that final"}, {"start": "00:22:03", "end": "00:22:06", "text": "drop. It could take a little while to"}, {"start": "00:22:05", "end": "00:22:08", "text": "get there. Um, and one of the things"}, {"start": "00:22:06", "end": "00:22:12", "text": "I've mentioned many times is when you"}, {"start": "00:22:08", "end": "00:22:13", "text": "look at at, you know, 2018, Bitcoin, and"}, {"start": "00:22:12", "end": "00:22:17", "text": "I'm sure you remember this, Bitcoin fell"}, {"start": "00:22:13", "end": "00:22:20", "text": "to around $6,000 and it basically held"}, {"start": "00:22:17", "end": "00:22:22", "text": "that level uh for a lot of the year and"}, {"start": "00:22:20", "end": "00:22:24", "text": "then in Q4 the bottom fell out, we"}, {"start": "00:22:22", "end": "00:22:26", "text": "dropped 50% and then the next bull"}, {"start": "00:22:24", "end": "00:22:28", "text": "market started. So, you know, just"}, {"start": "00:22:26", "end": "00:22:31", "text": "because and by the way, what's really"}, {"start": "00:22:28", "end": "00:22:34", "text": "interesting is the bottom back then we"}, {"start": "00:22:31", "end": "00:22:36", "text": "had a low in February and then we had a"}, {"start": "00:22:34", "end": "00:22:38", "text": "higher low in April, right? Kind of like"}, {"start": "00:22:36", "end": "00:22:42", "text": "right here, we have a low in February,"}, {"start": "00:22:38", "end": "00:22:45", "text": "slightly higher low in in um in the"}, {"start": "00:22:42", "end": "00:22:47", "text": "month of April. And just this is a a"}, {"start": "00:22:45", "end": "00:22:48", "text": "less volatile version of what we had in"}, {"start": "00:22:47", "end": "00:22:50", "text": "2018. And the reason it could be a less"}, {"start": "00:22:48", "end": "00:22:52", "text": "volatile version is because there wasn't"}, {"start": "00:22:50", "end": "00:22:56", "text": "a euphoric blowoff top. It was more of"}, {"start": "00:22:52", "end": "00:22:58", "text": "like a apathetic top. um if you will. So"}, {"start": "00:22:56", "end": "00:23:00", "text": "yeah, those are my thoughts about it."}, {"start": "00:22:58", "end": "00:23:02", "text": "And you know, 60K also, by the way, 6K"}, {"start": "00:23:00", "end": "00:23:04", "text": "held support in 2019 as well. I mean,"}, {"start": "00:23:02", "end": "00:23:07", "text": "it's kind of funny how it's just a 10x,"}, {"start": "00:23:04", "end": "00:23:10", "text": "right? You can see that 6K was support"}, {"start": "00:23:07", "end": "00:23:12", "text": "in 2018 and then 6K was also support"}, {"start": "00:23:10", "end": "00:23:16", "text": "there in 2019. So, I mean, it makes"}, {"start": "00:23:12", "end": "00:23:19", "text": "sense that that 60K is providing some"}, {"start": "00:23:16", "end": "00:23:20", "text": "support. I just think that, you know, by"}, {"start": "00:23:19", "end": "00:23:24", "text": "the end of this year, we likely will see"}, {"start": "00:23:20", "end": "00:23:26", "text": "that level um that level break."}, {"start": "00:23:24", "end": "00:23:28", "text": "Final question, Benjamin. Just, you"}, {"start": "00:23:26", "end": "00:23:30", "text": "know, nothing to do with charts and kind"}, {"start": "00:23:28", "end": "00:23:32", "text": "of more just like your fundamental"}, {"start": "00:23:30", "end": "00:23:34", "text": "thoughts on Bitcoin versus Ethereum."}, {"start": "00:23:32", "end": "00:23:36", "text": "Now, obviously in bull markets where"}, {"start": "00:23:34", "end": "00:23:37", "text": "it's risk on a lower market cap tech"}, {"start": "00:23:36", "end": "00:23:39", "text": "play like Ethereum are probably going to"}, {"start": "00:23:37", "end": "00:23:41", "text": "pump more in a bull market and go down"}, {"start": "00:23:39", "end": "00:23:43", "text": "more in a bare market, but you know, it"}, {"start": "00:23:41", "end": "00:23:46", "text": "just kind of seems like things continue"}, {"start": "00:23:43", "end": "00:23:48", "text": "to change. You know, Ethereum is has all"}, {"start": "00:23:46", "end": "00:23:51", "text": "this like DeFi and stable coin use."}, {"start": "00:23:48", "end": "00:23:53", "text": "Bitcoin a little bit of a quantum scare."}, {"start": "00:23:51", "end": "00:23:55", "text": "I guess going forward, do you more agree"}, {"start": "00:23:53", "end": "00:23:58", "text": "with like a Kathy Wood or Michael"}, {"start": "00:23:55", "end": "00:24:00", "text": "Sailor? Bitcoin is the is the leader or"}, {"start": "00:23:58", "end": "00:24:02", "text": "more of a Tom Lee, Ethereum really, uh,"}, {"start": "00:24:00", "end": "00:24:04", "text": "is going to, you know, outdo Bitcoin"}, {"start": "00:24:02", "end": "00:24:06", "text": "going forward?"}, {"start": "00:24:04", "end": "00:24:08", "text": ">> I mean, I think over the long term, uh,"}, {"start": "00:24:06", "end": "00:24:11", "text": "Bitcoin is a much safer play, right?"}, {"start": "00:24:08", "end": "00:24:13", "text": "And, you know, I think this this last"}, {"start": "00:24:11", "end": "00:24:15", "text": "cycle taught everyone, if they didn't"}, {"start": "00:24:13", "end": "00:24:17", "text": "already know it, that just because"}, {"start": "00:24:15", "end": "00:24:18", "text": "something can give you higher returns"}, {"start": "00:24:17", "end": "00:24:20", "text": "because it's higher risk doesn't mean"}, {"start": "00:24:18", "end": "00:24:21", "text": "that it will. There's a lot of people"}, {"start": "00:24:20", "end": "00:24:23", "text": "that bought Ethereum and a lot of"}, {"start": "00:24:21", "end": "00:24:25", "text": "altcoins because they were supposedly,"}, {"start": "00:24:23", "end": "00:24:27", "text": "you know, their ticket to financial"}, {"start": "00:24:25", "end": "00:24:29", "text": "freedom and they didn't think they could"}, {"start": "00:24:27", "end": "00:24:31", "text": "ever get rich on Bitcoin, which still"}, {"start": "00:24:29", "end": "00:24:33", "text": "went up 8x. So, they ended up buying"}, {"start": "00:24:31", "end": "00:24:36", "text": "altcoins instead and then most of those"}, {"start": "00:24:33", "end": "00:24:37", "text": "altcoins just went to zero. I would say"}, {"start": "00:24:36", "end": "00:24:38", "text": "that for me, you know,"}, {"start": "00:24:37", "end": "00:24:39", "text": ">> I just said Ethereum. I just said"}, {"start": "00:24:38", "end": "00:24:42", "text": "Ethereum,"}, {"start": "00:24:39", "end": "00:24:45", "text": ">> right? Yeah. So for me, I would say that"}, {"start": "00:24:42", "end": "00:24:47", "text": "like Bitcoin should in my opinion, and"}, {"start": "00:24:45", "end": "00:24:49", "text": "this is how I sort of operate my"}, {"start": "00:24:47", "end": "00:24:51", "text": "portfolio around crypto, Bitcoin should"}, {"start": "00:24:49", "end": "00:24:54", "text": "be by far the majority of it, okay, of"}, {"start": "00:24:51", "end": "00:24:56", "text": "of a crypto portfolio. I think it's okay"}, {"start": "00:24:54", "end": "00:24:58", "text": "to have some ETH in there. Like I have a"}, {"start": "00:24:56", "end": "00:24:59", "text": "little bit of ETH as well. So I'm not"}, {"start": "00:24:58", "end": "00:25:01", "text": "going to sit here and say, \"Oh, no, you"}, {"start": "00:24:59", "end": "00:25:05", "text": "can't ever own it if I have if I if I"}, {"start": "00:25:01", "end": "00:25:08", "text": "own some.\" Um, but I I think beyond that"}, {"start": "00:25:05", "end": "00:25:10", "text": "at the current time, there's really not"}, {"start": "00:25:08", "end": "00:25:12", "text": "like a great reason to go out there and"}, {"start": "00:25:10", "end": "00:25:13", "text": "and get super bullish on altcoins. I"}, {"start": "00:25:12", "end": "00:25:16", "text": "mean, there's just not. And, you know,"}, {"start": "00:25:13", "end": "00:25:18", "text": "one of the charts that I've shown a lot,"}, {"start": "00:25:16", "end": "00:25:20", "text": "I think maybe even on your channel, too,"}, {"start": "00:25:18", "end": "00:25:22", "text": "is the advanced decline index of the top"}, {"start": "00:25:20", "end": "00:25:26", "text": "100 cryptocurrencies has just been in a"}, {"start": "00:25:22", "end": "00:25:28", "text": "downtrend since 2021. Um and and so I"}, {"start": "00:25:26", "end": "00:25:30", "text": "mean it really goes to show you that the"}, {"start": "00:25:28", "end": "00:25:32", "text": "bull market that we had was mainly just"}, {"start": "00:25:30", "end": "00:25:35", "text": "because of a few cryptocurrencies going"}, {"start": "00:25:32", "end": "00:25:37", "text": "up, you know, and Bitcoin was kind of"}, {"start": "00:25:35", "end": "00:25:38", "text": "one of the few current one of the few"}, {"start": "00:25:37", "end": "00:25:42", "text": "cryptocurrencies that went up for the"}, {"start": "00:25:38", "end": "00:25:44", "text": "entire bull market. Um you had some"}, {"start": "00:25:42", "end": "00:25:46", "text": "cryptocurrencies going up like you had"}, {"start": "00:25:44", "end": "00:25:49", "text": "Salana going up in 2023, you had XRP"}, {"start": "00:25:46", "end": "00:25:51", "text": "going up in 2024, you had Ethereum going"}, {"start": "00:25:49", "end": "00:25:53", "text": "up in 2025. So you had different"}, {"start": "00:25:51", "end": "00:25:55", "text": "cryptocurrencies going up at different"}, {"start": "00:25:53", "end": "00:25:56", "text": "phases of the bull market, but Bitcoin"}, {"start": "00:25:55", "end": "00:25:59", "text": "was like one of the only ones that"}, {"start": "00:25:56", "end": "00:26:01", "text": "actually went up for all three years of"}, {"start": "00:25:59", "end": "00:26:04", "text": "of the bull market. And so I do think"}, {"start": "00:26:01", "end": "00:26:09", "text": "like there will come a time to take on"}, {"start": "00:26:04", "end": "00:26:12", "text": "more risk again. Um but that does not in"}, {"start": "00:26:09", "end": "00:26:14", "text": "my opinion that phase will not occur"}, {"start": "00:26:12", "end": "00:26:16", "text": "until after the business cycle has"}, {"start": "00:26:14", "end": "00:26:18", "text": "completely reset. Right? Once the"}, {"start": "00:26:16", "end": "00:26:20", "text": "business cycle chart is back down to the"}, {"start": "00:26:18", "end": "00:26:22", "text": "lows, once the liquidity risk score that"}, {"start": "00:26:20", "end": "00:26:24", "text": "we showed, once that's back down to the"}, {"start": "00:26:22", "end": "00:26:27", "text": "lows, then you might actually start to"}, {"start": "00:26:24", "end": "00:26:29", "text": "see higher risk assets starting to"}, {"start": "00:26:27", "end": "00:26:32", "text": "outperform. But until that time, my"}, {"start": "00:26:29", "end": "00:26:34", "text": "guess is that um the lower risk assets"}, {"start": "00:26:32", "end": "00:26:37", "text": "will actually still uh do the best. And"}, {"start": "00:26:34", "end": "00:26:38", "text": "and if I can, I know I know I I can"}, {"start": "00:26:37", "end": "00:26:40", "text": "ramble. You know, I can ramble."}, {"start": "00:26:38", "end": "00:26:42", "text": ">> That's why you're here. Give it to us."}, {"start": "00:26:40", "end": "00:26:44", "text": ">> Yeah. that I I know that like Bitcoin"}, {"start": "00:26:42", "end": "00:26:46", "text": "dominance hasn't been doing that great"}, {"start": "00:26:44", "end": "00:26:49", "text": "recently as I'm sure many people have"}, {"start": "00:26:46", "end": "00:26:51", "text": "noticed. Um like it's kind of stalled"}, {"start": "00:26:49", "end": "00:26:54", "text": "out here at around 59%. But I want"}, {"start": "00:26:51", "end": "00:26:57", "text": "people to remember something here on"}, {"start": "00:26:54", "end": "00:26:58", "text": "Trading View. Bitcoin dominance includes"}, {"start": "00:26:57", "end": "00:27:02", "text": "stable coins, right? Like it includes"}, {"start": "00:26:58", "end": "00:27:05", "text": "stable coins. And when you look at USDT"}, {"start": "00:27:02", "end": "00:27:07", "text": "dominance plus USDC dominance, you can"}, {"start": "00:27:05", "end": "00:27:10", "text": "see that that has gone up a lot, right?"}, {"start": "00:27:07", "end": "00:27:12", "text": "That's gone up from like 5% to 11%. So,"}, {"start": "00:27:10", "end": "00:27:15", "text": "the reason Bitcoin dominance hasn't gone"}, {"start": "00:27:12", "end": "00:27:17", "text": "up is as much is because stable coin"}, {"start": "00:27:15", "end": "00:27:18", "text": "dominance is going up. And you can"}, {"start": "00:27:17", "end": "00:27:20", "text": "actually visualize this two different"}, {"start": "00:27:18", "end": "00:27:22", "text": "ways. On Trading View, if you there's"}, {"start": "00:27:20", "end": "00:27:23", "text": "this formula right here that I put in."}, {"start": "00:27:22", "end": "00:27:24", "text": "So, if anyone wants to just kind of"}, {"start": "00:27:23", "end": "00:27:25", "text": "pause the video and look at that"}, {"start": "00:27:24", "end": "00:27:27", "text": "formula, they could go put it in on"}, {"start": "00:27:25", "end": "00:27:30", "text": "Trading View. You can see that Bitcoin"}, {"start": "00:27:27", "end": "00:27:32", "text": "dominance excluding stable coins is"}, {"start": "00:27:30", "end": "00:27:35", "text": "actually still going up, right? Like it"}, {"start": "00:27:32", "end": "00:27:38", "text": "never like it had a selloff here in"}, {"start": "00:27:35", "end": "00:27:40", "text": "2025, but it's actually continued to go"}, {"start": "00:27:38", "end": "00:27:41", "text": "up, right? So altcoins are still"}, {"start": "00:27:40", "end": "00:27:43", "text": "bleeding to Bitcoin. And just to give"}, {"start": "00:27:41", "end": "00:27:46", "text": "you a couple of examples, right? Like if"}, {"start": "00:27:43", "end": "00:27:48", "text": "you look at at ETH Bitcoin, right? Like"}, {"start": "00:27:46", "end": "00:27:49", "text": "it's been dropping since August of 2025,"}, {"start": "00:27:48", "end": "00:27:52", "text": "right? Like it's been generally"}, {"start": "00:27:49", "end": "00:27:54", "text": "dropping. Salana Bitcoin has been"}, {"start": "00:27:52", "end": "00:27:56", "text": "generally dropping since September 2025,"}, {"start": "00:27:54", "end": "00:27:58", "text": "right? And so you could go through the"}, {"start": "00:27:56", "end": "00:28:00", "text": "list and see how a lot of the sort of"}, {"start": "00:27:58", "end": "00:28:02", "text": "the larger market cap cryptocurrencies"}, {"start": "00:28:00", "end": "00:28:04", "text": "have been dropping against Bitcoin for"}, {"start": "00:28:02", "end": "00:28:07", "text": "the last 6 months, but yet Bitcoin"}, {"start": "00:28:04", "end": "00:28:10", "text": "dominance hasn't gone up. And the reason"}, {"start": "00:28:07", "end": "00:28:12", "text": "is is because of stable coin dominance."}, {"start": "00:28:10", "end": "00:28:17", "text": "And that's why at the beginning of the"}, {"start": "00:28:12", "end": "00:28:21", "text": "next bull market, you might see altcoins"}, {"start": "00:28:17", "end": "00:28:23", "text": "start to uh outperform Bitcoin in the"}, {"start": "00:28:21", "end": "00:28:24", "text": "initial phase of the bull market. Kind"}, {"start": "00:28:23", "end": "00:28:27", "text": "of like they started to outperform"}, {"start": "00:28:24", "end": "00:28:30", "text": "Bitcoin in the initial phase of 2020."}, {"start": "00:28:27", "end": "00:28:32", "text": "But if you remember at the end of 2020,"}, {"start": "00:28:30", "end": "00:28:34", "text": "Bitcoin took over and then Bitcoin"}, {"start": "00:28:32", "end": "00:28:36", "text": "dominance printed a new cycle high. So"}, {"start": "00:28:34", "end": "00:28:37", "text": "that's probably what'll eventually"}, {"start": "00:28:36", "end": "00:28:39", "text": "happen is like whenever the next bull"}, {"start": "00:28:37", "end": "00:28:42", "text": "market starts, you'll probably see"}, {"start": "00:28:39", "end": "00:28:45", "text": "altcoins come off the lows a little"}, {"start": "00:28:42", "end": "00:28:47", "text": "quicker than Bitcoin. But then probably"}, {"start": "00:28:45", "end": "00:28:48", "text": "around the Q4 period of that bull"}, {"start": "00:28:47", "end": "00:28:51", "text": "market, that's when Bitcoin will sort of"}, {"start": "00:28:48", "end": "00:28:53", "text": "absorb all that liquidity back from the"}, {"start": "00:28:51", "end": "00:28:56", "text": "altcoin market, Bitcoin dominance will"}, {"start": "00:28:53", "end": "00:28:59", "text": "go back up as stable coin dominance goes"}, {"start": "00:28:56", "end": "00:29:00", "text": "back down and then you could finally get"}, {"start": "00:28:59", "end": "00:29:02", "text": "that rotation. But that is that is a"}, {"start": "00:29:00", "end": "00:29:04", "text": "long that's sort of a long ways off in"}, {"start": "00:29:02", "end": "00:29:06", "text": "in my opinion."}, {"start": "00:29:04", "end": "00:29:08", "text": ">> You give such um you know thorough,"}, {"start": "00:29:06", "end": "00:29:10", "text": "thoughtful, levelheaded analysis. Thank"}, {"start": "00:29:08", "end": "00:29:12", "text": "you so much for coming on today. I you"}, {"start": "00:29:10", "end": "00:29:14", "text": "know I see people screaming at you all"}, {"start": "00:29:12", "end": "00:29:15", "text": "the time. Well, what about this? This"}, {"start": "00:29:14", "end": "00:29:16", "text": "time is different. What about this? Have"}, {"start": "00:29:15", "end": "00:29:18", "text": "you considered this? But you know, you"}, {"start": "00:29:16", "end": "00:29:21", "text": "always fall back on, you know,"}, {"start": "00:29:18", "end": "00:29:23", "text": "historically what has happened. And uh"}, {"start": "00:29:21", "end": "00:29:26", "text": "to your credit, uh you know, you've been"}, {"start": "00:29:23", "end": "00:29:27", "text": "right a lot. So uh you know, I don't"}, {"start": "00:29:26", "end": "00:29:29", "text": "know. Give us final thoughts for the"}, {"start": "00:29:27", "end": "00:29:30", "text": "altcoin Daily audience. anybody from"}, {"start": "00:29:29", "end": "00:29:33", "text": "Altcoin Daily, I'm sure they already do."}, {"start": "00:29:30", "end": "00:29:35", "text": "Go subscribe to to Benjamin on YouTube"}, {"start": "00:29:33", "end": "00:29:39", "text": "and Twitter, but uh final thoughts. How"}, {"start": "00:29:35", "end": "00:29:40", "text": "can we best uh best uh win in 2026 and"}, {"start": "00:29:39", "end": "00:29:42", "text": "beyond? Ben,"}, {"start": "00:29:40", "end": "00:29:43", "text": ">> yeah, I think one, and I I've learned"}, {"start": "00:29:42", "end": "00:29:45", "text": "this lesson the hard way, so I'm sort of"}, {"start": "00:29:43", "end": "00:29:48", "text": "speaking from experience, not from like"}, {"start": "00:29:45", "end": "00:29:49", "text": "a pedestal, but more of like a hey, I"}, {"start": "00:29:48", "end": "00:29:52", "text": "made this mistake. Don't make the same"}, {"start": "00:29:49", "end": "00:29:54", "text": "mistake. Is like it's okay to be bullish"}, {"start": "00:29:52", "end": "00:29:55", "text": "in a bull market and it's okay to be"}, {"start": "00:29:54", "end": "00:29:57", "text": "bearish in a bare market. If you are"}, {"start": "00:29:55", "end": "00:30:00", "text": "bearish in a bare market, don't make the"}, {"start": "00:29:57", "end": "00:30:03", "text": "mistake of staying bearish for too long."}, {"start": "00:30:00", "end": "00:30:05", "text": "You know, like it's okay to be bearish"}, {"start": "00:30:03", "end": "00:30:07", "text": "for a while, but you don't want to stay"}, {"start": "00:30:05", "end": "00:30:10", "text": "bearish for too long. And and normally"}, {"start": "00:30:07", "end": "00:30:12", "text": "by the summertime of midterm years"}, {"start": "00:30:10", "end": "00:30:16", "text": "starts to make sense, you know, to to"}, {"start": "00:30:12", "end": "00:30:17", "text": "start, you know, um"}, {"start": "00:30:16", "end": "00:30:19", "text": "being a little bit more bullish, right?"}, {"start": "00:30:17", "end": "00:30:22", "text": "And yeah, I mean, and think about 2022."}, {"start": "00:30:19", "end": "00:30:24", "text": "I mean, if you started buying Bitcoin in"}, {"start": "00:30:22", "end": "00:30:27", "text": "in the summer at 22, yes, Bitcoin went"}, {"start": "00:30:24", "end": "00:30:29", "text": "lower a little bit later on, but did you"}, {"start": "00:30:27", "end": "00:30:30", "text": "care a couple years later? No. Didn't"}, {"start": "00:30:29", "end": "00:30:33", "text": "matter, right? It doesn't matter if you"}, {"start": "00:30:30", "end": "00:30:35", "text": "bought it at 20K or 17K or 15K, you"}, {"start": "00:30:33", "end": "00:30:36", "text": "still made a lot of money. So, you don't"}, {"start": "00:30:35", "end": "00:30:38", "text": "have to time the bottom to make money."}, {"start": "00:30:36", "end": "00:30:39", "text": "In fact, a lot of the money is made in"}, {"start": "00:30:38", "end": "00:30:42", "text": "the middle of trends, not, you know, at"}, {"start": "00:30:39", "end": "00:30:44", "text": "the extremes. And so if you it's like"}, {"start": "00:30:42", "end": "00:30:46", "text": "when people miss the top, if they don't"}, {"start": "00:30:44", "end": "00:30:47", "text": "sell the top, they feel like they have"}, {"start": "00:30:46", "end": "00:30:50", "text": "to remain bullish for the entire bare"}, {"start": "00:30:47", "end": "00:30:51", "text": "market, but you don't. And if you miss"}, {"start": "00:30:50", "end": "00:30:52", "text": "the bottom, that doesn't mean you have"}, {"start": "00:30:51", "end": "00:30:54", "text": "to remain bearish for the whole bull"}, {"start": "00:30:52", "end": "00:30:56", "text": "market. So don't make that mistake. You"}, {"start": "00:30:54", "end": "00:30:57", "text": "know, I've made that mistake before, and"}, {"start": "00:30:56", "end": "00:30:59", "text": "I'd rather I'd rather not repeat that."}, {"start": "00:30:57", "end": "00:31:00", "text": "So that's what I would say is is it's"}, {"start": "00:30:59", "end": "00:31:02", "text": "okay to be bearish. It's okay to be"}, {"start": "00:31:00", "end": "00:31:04", "text": "bullish, but you know, strong opinions"}, {"start": "00:31:02", "end": "00:31:07", "text": "loosely help."}, {"start": "00:31:04", "end": "00:31:10", "text": "Ben, congrats on your expanding family"}, {"start": "00:31:07", "end": "00:31:12", "text": "and your uh portfolio, which is at least"}, {"start": "00:31:10", "end": "00:31:14", "text": "not contracting. Thank you so much for"}, {"start": "00:31:12", "end": "00:31:14", "text": "coming on today."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hello everybody. Welcome to the Thursday"}, {"start": "00:00:02", "end": "00:00:05", "text": "live stream. So we got a lot of things"}, {"start": "00:00:04", "end": "00:00:07", "text": "to go over. So let's just jump right"}, {"start": "00:00:05", "end": "00:00:09", "text": "into it. So today, like title and"}, {"start": "00:00:07", "end": "00:00:11", "text": "thumbnail suggest, we're taking a look"}, {"start": "00:00:09", "end": "00:00:14", "text": "at what I call the FUD four four"}, {"start": "00:00:11", "end": "00:00:17", "text": "horsemen or the FUD horsemen of the"}, {"start": "00:00:14", "end": "00:00:18", "text": "crypto apocalypse. And there it's a"}, {"start": "00:00:17", "end": "00:00:20", "text": "funny thing because as we start to get"}, {"start": "00:00:18", "end": "00:00:22", "text": "momentum, we see that the markets are"}, {"start": "00:00:20", "end": "00:00:24", "text": "kind of bowing to where we want it to"}, {"start": "00:00:22", "end": "00:00:28", "text": "go. We have just a rash of people coming"}, {"start": "00:00:24", "end": "00:00:30", "text": "up and talking about how awful Bitcoin"}, {"start": "00:00:28", "end": "00:00:33", "text": "and the crypto markets are. And I got to"}, {"start": "00:00:30", "end": "00:00:36", "text": "tell you, uh, in some points, they're"}, {"start": "00:00:33", "end": "00:00:38", "text": "not wrong. There are some good points to"}, {"start": "00:00:36", "end": "00:00:42", "text": "be had. And we're going to break down"}, {"start": "00:00:38", "end": "00:00:45", "text": "these three videos. This is, uh, John"}, {"start": "00:00:42", "end": "00:00:47", "text": "Stewart and OC actor also on Gotham, Ben"}, {"start": "00:00:45", "end": "00:00:50", "text": "McKenzie. We're also going to take a"}, {"start": "00:00:47", "end": "00:00:53", "text": "look at, uh, Coffeezilla. And then"}, {"start": "00:00:50", "end": "00:00:56", "text": "lastly, we'll take a look at Professor"}, {"start": "00:00:53", "end": "00:00:58", "text": "Jen when he talks about Bitcoin. And I"}, {"start": "00:00:56", "end": "00:01:00", "text": "want to start uh the first with the"}, {"start": "00:00:58", "end": "00:01:01", "text": "best. And this one was really good. I"}, {"start": "00:01:00", "end": "00:01:04", "text": "actually like John Stewart. I think he's"}, {"start": "00:01:01", "end": "00:01:06", "text": "hilarious. Like a show sometimes. Mine's"}, {"start": "00:01:04", "end": "00:01:07", "text": "a little bit obviously it's very"}, {"start": "00:01:06", "end": "00:01:09", "text": "political. And this one with Ben"}, {"start": "00:01:07", "end": "00:01:10", "text": "McKenzie was no different. So I'm going"}, {"start": "00:01:09", "end": "00:01:14", "text": "to cut out the political part as much as"}, {"start": "00:01:10", "end": "00:01:16", "text": "I can. This is just a crypto channel. Um"}, {"start": "00:01:14", "end": "00:01:17", "text": "not a geopolitical expert, I like to"}, {"start": "00:01:16", "end": "00:01:20", "text": "say. But this one was pretty good. So,"}, {"start": "00:01:17", "end": "00:01:22", "text": "we're going to break this down uh by the"}, {"start": "00:01:20", "end": "00:01:24", "text": "numbers and kind of go from there. So,"}, {"start": "00:01:22", "end": "00:01:27", "text": "the first thing is"}, {"start": "00:01:24", "end": "00:01:28", "text": "Ben McKenzie, the actor. I want you to"}, {"start": "00:01:27", "end": "00:01:29", "text": "listen to this first minute because"}, {"start": "00:01:28", "end": "00:01:31", "text": "usually when people do these videos,"}, {"start": "00:01:29", "end": "00:01:32", "text": "they just straight off attack people."}, {"start": "00:01:31", "end": "00:01:34", "text": "Attack people. Attack people and saying"}, {"start": "00:01:32", "end": "00:01:36", "text": "just how wrong they are, how wrong they"}, {"start": "00:01:34", "end": "00:01:38", "text": "are. I want you to get some context from"}, {"start": "00:01:36", "end": "00:01:40", "text": "what Ben says here because I think we're"}, {"start": "00:01:38", "end": "00:01:42", "text": "on the same team. I know it sounds"}, {"start": "00:01:40", "end": "00:01:46", "text": "crazy, but just listen. This is about a"}, {"start": "00:01:42", "end": "00:01:48", "text": "minute or so. uh about uh 2 minutes and"}, {"start": "00:01:46", "end": "00:01:52", "text": "take a listen to this."}, {"start": "00:01:48", "end": "00:01:57", "text": ">> Is crypto meant to be kind of a a"}, {"start": "00:01:52", "end": "00:02:01", "text": "parallel system that's going to improve"}, {"start": "00:01:57", "end": "00:02:03", "text": "on that is is the purpose of it whatever"}, {"start": "00:02:01", "end": "00:02:06", "text": "they thought the downsides of that were"}, {"start": "00:02:03", "end": "00:02:08", "text": "which I assume would be like volatility"}, {"start": "00:02:06", "end": "00:02:11", "text": "or exploitation or those kinds of"}, {"start": "00:02:08", "end": "00:02:14", "text": "things. Is that what it's meant to"}, {"start": "00:02:11", "end": "00:02:16", "text": "achieve? I think I think the advocates"}, {"start": "00:02:14", "end": "00:02:18", "text": "would argue that. Yeah, absolutely. Um"}, {"start": "00:02:16", "end": "00:02:20", "text": "the skeptics would say, well, the reason"}, {"start": "00:02:18", "end": "00:02:22", "text": "that you look as soon as you say you're"}, {"start": "00:02:20", "end": "00:02:25", "text": "anti-crypto, one of the first attacks"}, {"start": "00:02:22", "end": "00:02:27", "text": "you get is you're probable."}, {"start": "00:02:25", "end": "00:02:29", "text": ">> Is that we we'll get into the attack is"}, {"start": "00:02:27", "end": "00:02:33", "text": "I imagine coming out against crypto is"}, {"start": "00:02:29", "end": "00:02:36", "text": "like saying, you know, BTS sucks. Like I"}, {"start": "00:02:33", "end": "00:02:38", "text": "imagine you get whale online."}, {"start": "00:02:36", "end": "00:02:40", "text": ">> Uh it's pretty funny. It's pretty funny."}, {"start": "00:02:38", "end": "00:02:43", "text": "I've developed a sense of humor about it"}, {"start": "00:02:40", "end": "00:02:45", "text": "all. But yeah, uh obviously well if it's"}, {"start": "00:02:43", "end": "00:02:46", "text": "not obvious I'm on this podcast and I"}, {"start": "00:02:45", "end": "00:02:47", "text": "don't like the banks."}, {"start": "00:02:46", "end": "00:02:49", "text": ">> There you go."}, {"start": "00:02:47", "end": "00:02:52", "text": ">> Just just like you, just like everyone"}, {"start": "00:02:49", "end": "00:02:53", "text": "in the world who isn't a banker. Uh uh"}, {"start": "00:02:52", "end": "00:02:55", "text": "including perhaps the banker's wives."}, {"start": "00:02:53", "end": "00:02:56", "text": "No, just kidding. Uh I I don't think"}, {"start": "00:02:55", "end": "00:02:58", "text": "banks are great. And we could talk about"}, {"start": "00:02:56", "end": "00:02:59", "text": "whether the bank should exist or whether"}, {"start": "00:02:58", "end": "00:03:02", "text": "we should just have accounts of the"}, {"start": "00:02:59", "end": "00:03:04", "text": "government, which may be uh you know a"}, {"start": "00:03:02", "end": "00:03:06", "text": "way of sort of the reason that crypto"}, {"start": "00:03:04", "end": "00:03:09", "text": "gets so far in its argument is it's"}, {"start": "00:03:06", "end": "00:03:11", "text": "really simple. It's um don't you think"}, {"start": "00:03:09", "end": "00:03:12", "text": "the regulated system sucks? And everyone"}, {"start": "00:03:11", "end": "00:03:12", "text": "raises their hand,"}, {"start": "00:03:12", "end": "00:03:14", "text": ">> right?"}, {"start": "00:03:12", "end": "00:03:17", "text": ">> And then they say crypto fixes this."}, {"start": "00:03:14", "end": "00:03:19", "text": ">> Um now with the banks, what when you're"}, {"start": "00:03:17", "end": "00:03:21", "text": "sending money around the banking system,"}, {"start": "00:03:19", "end": "00:03:23", "text": "what you're really doing is avoiding the"}, {"start": "00:03:21", "end": "00:03:25", "text": "rules and regulations of that system"}, {"start": "00:03:23", "end": "00:03:27", "text": "because the banks are obviously licensed"}, {"start": "00:03:25", "end": "00:03:29", "text": "by the government and in exchange for"}, {"start": "00:03:27", "end": "00:03:31", "text": "the ability to create n money in the"}, {"start": "00:03:29", "end": "00:03:34", "text": "form of loans, they have to abide by all"}, {"start": "00:03:31", "end": "00:03:37", "text": "these rules. Do they do it well? No. Do"}, {"start": "00:03:34", "end": "00:03:39", "text": "they up all the time? Yes. Uh but"}, {"start": "00:03:37", "end": "00:03:42", "text": "but that is the system that we've we've"}, {"start": "00:03:39", "end": "00:03:44", "text": "created and they are at least you know"}, {"start": "00:03:42", "end": "00:03:46", "text": "in some ways you know they're they they"}, {"start": "00:03:44", "end": "00:03:48", "text": "are they have to be responsive to the"}, {"start": "00:03:46", "end": "00:03:50", "text": "democracy we've established because if"}, {"start": "00:03:48", "end": "00:03:52", "text": "if they aren't if they mess up too badly"}, {"start": "00:03:50", "end": "00:03:54", "text": "we pull their license."}, {"start": "00:03:52", "end": "00:03:56", "text": ">> Nothing wrong with that, right? Can we"}, {"start": "00:03:54", "end": "00:03:57", "text": "all agree there? Not a bad statement"}, {"start": "00:03:56", "end": "00:03:59", "text": "there. I think we're all on the same"}, {"start": "00:03:57", "end": "00:04:01", "text": "side. I don't know anybody who like"}, {"start": "00:03:59", "end": "00:04:02", "text": "loves bankers. If you work in the banks,"}, {"start": "00:04:01", "end": "00:04:04", "text": "I have nothing I have no problems with"}, {"start": "00:04:02", "end": "00:04:07", "text": "you. you have a job which you know the"}, {"start": "00:04:04", "end": "00:04:09", "text": "banks themselves the entities they've"}, {"start": "00:04:07", "end": "00:04:10", "text": "gotten away from us and like he talks"}, {"start": "00:04:09", "end": "00:04:12", "text": "about with democracy it is a problem so"}, {"start": "00:04:10", "end": "00:04:14", "text": "I just want to start with that to not be"}, {"start": "00:04:12", "end": "00:04:16", "text": "like oh this is just a big attack piece"}, {"start": "00:04:14", "end": "00:04:20", "text": "now the next piece is where Ben goes off"}, {"start": "00:04:16", "end": "00:04:22", "text": "the rails and he starts talking about"}, {"start": "00:04:20", "end": "00:04:24", "text": "just how awful crypto is of course even"}, {"start": "00:04:22", "end": "00:04:26", "text": "though we started off pretty good but I"}, {"start": "00:04:24", "end": "00:04:29", "text": "will say John gets it when he asks him"}, {"start": "00:04:26", "end": "00:04:32", "text": "this question so just take a listen to"}, {"start": "00:04:29", "end": "00:04:33", "text": "this is about a minute or so uh from"}, {"start": "00:04:32", "end": "00:04:34", "text": "here."}, {"start": "00:04:33", "end": "00:04:36", "text": ">> The only thing you can really use that"}, {"start": "00:04:34", "end": "00:04:39", "text": "for is to get around the regulated"}, {"start": "00:04:36", "end": "00:04:42", "text": "system. You could use that for good, but"}, {"start": "00:04:39", "end": "00:04:44", "text": "you're really using it for crime. Money"}, {"start": "00:04:42", "end": "00:04:47", "text": "laundering, tax evasion, sex evasion, uh"}, {"start": "00:04:44", "end": "00:04:49", "text": "child sexual abuse material. Um you"}, {"start": "00:04:47", "end": "00:04:50", "text": "know, ships ships are going through the"}, {"start": "00:04:49", "end": "00:04:53", "text": "straight of Hamuz right now paying in"}, {"start": "00:04:50", "end": "00:04:54", "text": "cryptocurrency because the Iranians"}, {"start": "00:04:53", "end": "00:04:56", "text": "don't want to use the banks. They've"}, {"start": "00:04:54", "end": "00:05:01", "text": "been shut out of the banking system. So"}, {"start": "00:04:56", "end": "00:05:04", "text": "cryptocurrency is a way to get around"}, {"start": "00:05:01", "end": "00:05:06", "text": "the the legal barriers if if you wanted"}, {"start": "00:05:04", "end": "00:05:09", "text": "to do something. Now I guess the flip"}, {"start": "00:05:06", "end": "00:05:11", "text": "side of that might be it might also be a"}, {"start": "00:05:09", "end": "00:05:13", "text": "way to get around the Iranians are"}, {"start": "00:05:11", "end": "00:05:16", "text": "getting it from ships for crypto. I"}, {"start": "00:05:13", "end": "00:05:16", "text": "imagine the Iranian people"}, {"start": "00:05:16", "end": "00:05:20", "text": ">> Yes."}, {"start": "00:05:16", "end": "00:05:22", "text": ">> might be able to use it to get around a"}, {"start": "00:05:20", "end": "00:05:24", "text": "repressive"}, {"start": "00:05:22", "end": "00:05:26", "text": "regime. Is that if if we wanted to make"}, {"start": "00:05:24", "end": "00:05:27", "text": "the counter, is that something that"}, {"start": "00:05:26", "end": "00:05:28", "text": "would be useful?"}, {"start": "00:05:27", "end": "00:05:29", "text": ">> Yeah, absolutely."}, {"start": "00:05:28", "end": "00:05:31", "text": ">> Yeah, absolutely. No kidding. It's like"}, {"start": "00:05:29", "end": "00:05:33", "text": "a it's like a knife. I can make that. I"}, {"start": "00:05:31", "end": "00:05:35", "text": "can cut up vegetables and make dinner or"}, {"start": "00:05:33", "end": "00:05:36", "text": "I can stab somebody. It's like a gun. I"}, {"start": "00:05:35", "end": "00:05:38", "text": "can protect myself or I can go on a"}, {"start": "00:05:36", "end": "00:05:40", "text": "rampage. It's just a difference of of of"}, {"start": "00:05:38", "end": "00:05:41", "text": "how you see these things. So, like I"}, {"start": "00:05:40", "end": "00:05:44", "text": "said, like Ben kind of gets off the"}, {"start": "00:05:41", "end": "00:05:46", "text": "rails, John brings him back. It's great."}, {"start": "00:05:44", "end": "00:05:48", "text": "So, I like that whole part. I like the"}, {"start": "00:05:46", "end": "00:05:50", "text": "counterargument. And then the next piece"}, {"start": "00:05:48", "end": "00:05:52", "text": "here is I got to give it to McKenzie"}, {"start": "00:05:50", "end": "00:05:54", "text": "here as he talks about it. Um, there's"}, {"start": "00:05:52", "end": "00:05:56", "text": "some bad parts of our sector and I think"}, {"start": "00:05:54", "end": "00:05:59", "text": "you'll have to agree with this when"}, {"start": "00:05:56", "end": "00:06:01", "text": "people are getting screwed over and I've"}, {"start": "00:05:59", "end": "00:06:02", "text": "talked to many people in this situation."}, {"start": "00:06:01", "end": "00:06:04", "text": "So, just take a listen to this about a"}, {"start": "00:06:02", "end": "00:06:06", "text": "minute or so and go from there."}, {"start": "00:06:04", "end": "00:06:08", "text": ">> They're definitely the house, but you're"}, {"start": "00:06:06", "end": "00:06:12", "text": "playing in an unregulated unlicensed"}, {"start": "00:06:08", "end": "00:06:13", "text": "casino. So, you could also win and then"}, {"start": "00:06:12", "end": "00:06:16", "text": "go to the teller to cash your chips and"}, {"start": "00:06:13", "end": "00:06:19", "text": "the teller window is closed. Um, in the"}, {"start": "00:06:16", "end": "00:06:21", "text": "book, Jacob Silverman, who wrote the"}, {"start": "00:06:19", "end": "00:06:23", "text": "book with me, we look at two guys who"}, {"start": "00:06:21", "end": "00:06:25", "text": "are trading on the biggest uh crypto"}, {"start": "00:06:23", "end": "00:06:26", "text": "exchange at the time and still now"}, {"start": "00:06:25", "end": "00:06:27", "text": "called Binance, this global crypto"}, {"start": "00:06:26", "end": "00:06:30", "text": "exchange."}, {"start": "00:06:27", "end": "00:06:32", "text": ">> There's a guy in Australia and there's a"}, {"start": "00:06:30", "end": "00:06:34", "text": "guy in Toronto."}, {"start": "00:06:32", "end": "00:06:39", "text": ">> And this one particular day, I believe"}, {"start": "00:06:34", "end": "00:06:40", "text": "it's 2022, they are uh one of them is"}, {"start": "00:06:39", "end": "00:06:42", "text": "long, one of them is betting the price"}, {"start": "00:06:40", "end": "00:06:44", "text": "of crypto is going to go up and one has"}, {"start": "00:06:42", "end": "00:06:46", "text": "gone short and is betting it's going to"}, {"start": "00:06:44", "end": "00:06:48", "text": "crash. Well, the price starts crashing"}, {"start": "00:06:46", "end": "00:06:50", "text": "and the guy who's long is trying to get"}, {"start": "00:06:48", "end": "00:06:51", "text": "out because he's trying you see the"}, {"start": "00:06:50", "end": "00:06:52", "text": "value of his of his holdings dropping"}, {"start": "00:06:51", "end": "00:06:54", "text": "like crazy and he's just trying to get"}, {"start": "00:06:52", "end": "00:06:56", "text": "out. The guy who's short is just trying"}, {"start": "00:06:54", "end": "00:06:58", "text": "to cash out to get some of his winnings."}, {"start": "00:06:56", "end": "00:06:59", "text": ">> Sure."}, {"start": "00:06:58", "end": "00:07:01", "text": ">> Well, they're going to the website and"}, {"start": "00:06:59", "end": "00:07:03", "text": "they're clicking the button and it's not"}, {"start": "00:07:01", "end": "00:07:04", "text": "working. The the exchange shut down. Um,"}, {"start": "00:07:03", "end": "00:07:06", "text": "which is really interesting."}, {"start": "00:07:04", "end": "00:07:06", "text": ">> You're talking about Binance, which is"}, {"start": "00:07:06", "end": "00:07:08", "text": "the biggest one."}, {"start": "00:07:06", "end": "00:07:09", "text": ">> The biggest one. And it's completely"}, {"start": "00:07:08", "end": "00:07:11", "text": "shut down. This has happened many many"}, {"start": "00:07:09", "end": "00:07:13", "text": "times over the course of crypto history."}, {"start": "00:07:11", "end": "00:07:16", "text": "the price goes down and the exchange is"}, {"start": "00:07:13", "end": "00:07:17", "text": "shut down and they come it takes a"}, {"start": "00:07:16", "end": "00:07:20", "text": "while. I forget how long it takes but"}, {"start": "00:07:17", "end": "00:07:22", "text": "but"}, {"start": "00:07:20", "end": "00:07:26", "text": "uh I think it's ours and it comes back"}, {"start": "00:07:22", "end": "00:07:28", "text": "up and they're both liquidated."}, {"start": "00:07:26", "end": "00:07:30", "text": ">> Yeah. Bummer. And that happens and this"}, {"start": "00:07:28", "end": "00:07:31", "text": "is why we're so enthusiastic about"}, {"start": "00:07:30", "end": "00:07:33", "text": "clarity if we could just get it passed."}, {"start": "00:07:31", "end": "00:07:35", "text": "Unfortunately, we have the banking"}, {"start": "00:07:33", "end": "00:07:36", "text": "sector kind of pulling against us. We've"}, {"start": "00:07:35", "end": "00:07:38", "text": "got lobbyists pulling against us and it"}, {"start": "00:07:36", "end": "00:07:40", "text": "doesn't happen this month. It's not"}, {"start": "00:07:38", "end": "00:07:42", "text": "going to happen for quite some time. So,"}, {"start": "00:07:40", "end": "00:07:44", "text": "uh, Ben is right and that actually"}, {"start": "00:07:42", "end": "00:07:46", "text": "happened and it continues to happen and"}, {"start": "00:07:44", "end": "00:07:49", "text": "it's not just Binance. I forgot to talk"}, {"start": "00:07:46", "end": "00:07:51", "text": "about this yesterday. This is on KCoin."}, {"start": "00:07:49", "end": "00:07:52", "text": "This is Sweep. I don't know this"}, {"start": "00:07:51", "end": "00:07:54", "text": "gentleman, but uh, we had covered the"}, {"start": "00:07:52", "end": "00:07:56", "text": "KCoin issue, but they did the exact same"}, {"start": "00:07:54", "end": "00:07:57", "text": "thing. Essentially, people went long and"}, {"start": "00:07:56", "end": "00:07:58", "text": "short, shut things down. They got"}, {"start": "00:07:57", "end": "00:08:01", "text": "liquidated. People lost a lot of bunch"}, {"start": "00:07:58", "end": "00:08:03", "text": "of money. It happened on October 6."}, {"start": "00:08:01", "end": "00:08:04", "text": "Actually, this could happen anytime. And"}, {"start": "00:08:03", "end": "00:08:06", "text": "Sweet talks about KCoin took"}, {"start": "00:08:04", "end": "00:08:08", "text": "responsibility for my $300,000"}, {"start": "00:08:06", "end": "00:08:10", "text": "liquidation after a month of we'll fix"}, {"start": "00:08:08", "end": "00:08:11", "text": "it. Here's what they offered me. And I"}, {"start": "00:08:10", "end": "00:08:13", "text": "was like, \"This is good. This guy's"}, {"start": "00:08:11", "end": "00:08:16", "text": "getting his money back to recover the"}, {"start": "00:08:13", "end": "00:08:18", "text": "money they caused me to lose, which they"}, {"start": "00:08:16", "end": "00:08:19", "text": "admitted they that it was their issue.\""}, {"start": "00:08:18", "end": "00:08:21", "text": "They said, \"Yeah, we'll give you the"}, {"start": "00:08:19", "end": "00:08:24", "text": "money back, but just generate us 700"}, {"start": "00:08:21", "end": "00:08:26", "text": "million to a billion dollars plus.\" I"}, {"start": "00:08:24", "end": "00:08:27", "text": "think that's 700,000 to a million in"}, {"start": "00:08:26", "end": "00:08:29", "text": "referral. No, no, that's billion. I'm"}, {"start": "00:08:27", "end": "00:08:31", "text": "sorry. In referral trading volume so I"}, {"start": "00:08:29", "end": "00:08:33", "text": "can earn it back in commissions. The"}, {"start": "00:08:31", "end": "00:08:35", "text": "other solution is a wrongful liquidation"}, {"start": "00:08:33", "end": "00:08:37", "text": "is bring us a billion dollars in in in"}, {"start": "00:08:35", "end": "00:08:39", "text": "fees and we'll give you your money back."}, {"start": "00:08:37", "end": "00:08:42", "text": "It was a liquidation caused by broken"}, {"start": "00:08:39", "end": "00:08:45", "text": "infrastructure. KCoin acknowledged all"}, {"start": "00:08:42", "end": "00:08:47", "text": "of this. They took responsibility. They"}, {"start": "00:08:45", "end": "00:08:48", "text": "told me they would work with me to"}, {"start": "00:08:47", "end": "00:08:50", "text": "resolve it. This is the same thing that"}, {"start": "00:08:48", "end": "00:08:53", "text": "we talked about with the CFTC settling"}, {"start": "00:08:50", "end": "00:08:56", "text": "with Kcoin for 500,000. Oh, it wasn't"}, {"start": "00:08:53", "end": "00:08:58", "text": "just 500 grand. It was a hund00 million"}, {"start": "00:08:56", "end": "00:09:00", "text": "and 1 billion plus civil monetary"}, {"start": "00:08:58", "end": "00:09:04", "text": "penalties imposing two prior enforcement"}, {"start": "00:09:00", "end": "00:09:05", "text": "actions. This was from the the DOJ. uh"}, {"start": "00:09:04", "end": "00:09:08", "text": "forfeite represent 100% of the fees that"}, {"start": "00:09:05", "end": "00:09:10", "text": "KCo coin earned from US users and this"}, {"start": "00:09:08", "end": "00:09:13", "text": "was also a thing that we covered from"}, {"start": "00:09:10", "end": "00:09:15", "text": "Zack XBT who tracked all the wallets and"}, {"start": "00:09:13", "end": "00:09:17", "text": "pinpointed it back to Kcoin who were"}, {"start": "00:09:15", "end": "00:09:19", "text": "screwing over their customers. Anyhow,"}, {"start": "00:09:17", "end": "00:09:21", "text": "so when people talk about like ah Ben"}, {"start": "00:09:19", "end": "00:09:23", "text": "McKenzie is a jerk. You know what on"}, {"start": "00:09:21", "end": "00:09:24", "text": "that part he's totally right and I have"}, {"start": "00:09:23", "end": "00:09:28", "text": "nothing to say about that but the last"}, {"start": "00:09:24", "end": "00:09:30", "text": "part I do and this is where it's the"}, {"start": "00:09:28", "end": "00:09:32", "text": "same old song and dance about elicit"}, {"start": "00:09:30", "end": "00:09:33", "text": "activity. So just take a listen to this"}, {"start": "00:09:32", "end": "00:09:35", "text": "about a minute or so and then we'll go"}, {"start": "00:09:33", "end": "00:09:37", "text": "on to Coffeezilla."}, {"start": "00:09:35", "end": "00:09:39", "text": ">> You know, and the selling point, the"}, {"start": "00:09:37", "end": "00:09:43", "text": "whole selling point of this thing is it"}, {"start": "00:09:39", "end": "00:09:46", "text": "will allow poor people to avoid those"}, {"start": "00:09:43", "end": "00:09:49", "text": "financial fees of international"}, {"start": "00:09:46", "end": "00:09:52", "text": "transactions. It will allow dissident to"}, {"start": "00:09:49", "end": "00:09:55", "text": "still be able to live and and pay for"}, {"start": "00:09:52", "end": "00:09:58", "text": "certain things uh even though their"}, {"start": "00:09:55", "end": "00:10:02", "text": "governments are uh repressive. But what"}, {"start": "00:09:58", "end": "00:10:08", "text": "it really is is oligarchs and arms"}, {"start": "00:10:02", "end": "00:10:12", "text": "dealers and uh uh corporate titans"}, {"start": "00:10:08", "end": "00:10:15", "text": "controlling a black market"}, {"start": "00:10:12", "end": "00:10:16", "text": ">> of war and and degradation around the"}, {"start": "00:10:15", "end": "00:10:19", "text": "globe."}, {"start": "00:10:16", "end": "00:10:20", "text": ">> That's really what it's been most"}, {"start": "00:10:19", "end": "00:10:22", "text": "utilized for."}, {"start": "00:10:20", "end": "00:10:24", "text": ">> That's the majority. Yes. An"}, {"start": "00:10:22", "end": "00:10:26", "text": "overwhelming majority. Of course, it's"}, {"start": "00:10:24", "end": "00:10:28", "text": "so you can't find you're never going to"}, {"start": "00:10:26", "end": "00:10:30", "text": "get a statistical breakdown because"}, {"start": "00:10:28", "end": "00:10:32", "text": "again, pseudonymity of the ledger. It's"}, {"start": "00:10:30", "end": "00:10:35", "text": "it's purposefully trying to be obtuse."}, {"start": "00:10:32", "end": "00:10:38", "text": "So on Tether, could you go on Tether and"}, {"start": "00:10:35", "end": "00:10:42", "text": "track whether there are transactions"}, {"start": "00:10:38", "end": "00:10:43", "text": "between illicit oil shipments and"}, {"start": "00:10:42", "end": "00:10:45", "text": "weapons?"}, {"start": "00:10:43", "end": "00:10:47", "text": ">> Uh if you if they gave you access to"}, {"start": "00:10:45", "end": "00:10:49", "text": "their their blockchain,"}, {"start": "00:10:47", "end": "00:10:52", "text": ">> but they and they don't have to do that."}, {"start": "00:10:49", "end": "00:10:52", "text": ">> Well,"}, {"start": "00:10:58", "end": "00:11:04", "text": "Ah, this guy listen"}, {"start": "00:11:02", "end": "00:11:05", "text": "activity. I love this this argument. I"}, {"start": "00:11:04", "end": "00:11:08", "text": "love this about this the pseudo"}, {"start": "00:11:05", "end": "00:11:09", "text": "anonymity of the blockchain and how you"}, {"start": "00:11:08", "end": "00:11:13", "text": "know we can't do anything because it's"}, {"start": "00:11:09", "end": "00:11:14", "text": "on the blockchain. That's bull. Look, we"}, {"start": "00:11:13", "end": "00:11:16", "text": "were talking about Bitcoin, but we were"}, {"start": "00:11:14", "end": "00:11:18", "text": "talking about stable coins is what they"}, {"start": "00:11:16", "end": "00:11:20", "text": "were talking about. There's the largest"}, {"start": "00:11:18", "end": "00:11:23", "text": "stable coin transaction layer is Tether"}, {"start": "00:11:20", "end": "00:11:24", "text": "and USDC. Also, there's UST, which is a"}, {"start": "00:11:23", "end": "00:11:26", "text": "subsidiary for Tether for the"}, {"start": "00:11:24", "end": "00:11:29", "text": "Americanbased Tether, but that's roughly"}, {"start": "00:11:26", "end": "00:11:33", "text": "93 to 95% of all stable coin"}, {"start": "00:11:29", "end": "00:11:36", "text": "transactions. And guess what? USDC has"}, {"start": "00:11:33", "end": "00:11:38", "text": "frozen those time and time again, either"}, {"start": "00:11:36", "end": "00:11:39", "text": "because of business reasons or because"}, {"start": "00:11:38", "end": "00:11:43", "text": "of requests from the government. March"}, {"start": "00:11:39", "end": "00:11:46", "text": "2026, 16 wallets were frozen. July 2023"}, {"start": "00:11:43", "end": "00:11:48", "text": "126 million security breach multi-chain"}, {"start": "00:11:46", "end": "00:11:51", "text": "crossbridge they blacklisted 63 million"}, {"start": "00:11:48", "end": "00:11:55", "text": "USDC tornado cash issue 75 million and"}, {"start": "00:11:51", "end": "00:11:57", "text": "in May 2025 they froze 57.6 million in"}, {"start": "00:11:55", "end": "00:11:59", "text": "USDC so they do it they do it and"}, {"start": "00:11:57", "end": "00:12:01", "text": "they're do it at the request of the"}, {"start": "00:11:59", "end": "00:12:03", "text": "government also tether does the same"}, {"start": "00:12:01", "end": "00:12:05", "text": "thing's frozen over $4.2 2 billion"}, {"start": "00:12:03", "end": "00:12:07", "text": "dollars in USDT across thousands of"}, {"start": "00:12:05", "end": "00:12:10", "text": "addresses. And what you may notice is"}, {"start": "00:12:07", "end": "00:12:12", "text": "that USDC, USDT, and USAT, they're all"}, {"start": "00:12:10", "end": "00:12:14", "text": "pretty much Americanbased. Now, Tether"}, {"start": "00:12:12", "end": "00:12:16", "text": "has a subsidiary of USAT, but Tether"}, {"start": "00:12:14", "end": "00:12:18", "text": "isn't part of the uh Caribbean islands,"}, {"start": "00:12:16", "end": "00:12:20", "text": "but they work very closely with the"}, {"start": "00:12:18", "end": "00:12:22", "text": "American government because in January"}, {"start": "00:12:20", "end": "00:12:26", "text": "11th, 182 million was frozen across five"}, {"start": "00:12:22", "end": "00:12:27", "text": "Tron addresses. June 2025, 51 addresses"}, {"start": "00:12:26", "end": "00:12:30", "text": "and Tron related to terrorist"}, {"start": "00:12:27", "end": "00:12:32", "text": "organizations. Early 2025, 544 million"}, {"start": "00:12:30", "end": "00:12:33", "text": "at the request of Turkish authorities"}, {"start": "00:12:32", "end": "00:12:35", "text": "investigating betting and"}, {"start": "00:12:33", "end": "00:12:38", "text": "moneyaundering. March 2025, 9 million"}, {"start": "00:12:35", "end": "00:12:39", "text": "frozen. Late 20, 20 million. So to say"}, {"start": "00:12:38", "end": "00:12:41", "text": "that this is just for illicit activity"}, {"start": "00:12:39", "end": "00:12:43", "text": "and it's pseudo now anonymous, that's"}, {"start": "00:12:41", "end": "00:12:46", "text": "ridiculous. You can do whatever you want"}, {"start": "00:12:43", "end": "00:12:48", "text": "to do on these on these ledgers and you"}, {"start": "00:12:46", "end": "00:12:50", "text": "can see it because everybody can see it."}, {"start": "00:12:48", "end": "00:12:52", "text": "And then it's not just me saying that."}, {"start": "00:12:50", "end": "00:12:55", "text": "It's the former director of the CIA who"}, {"start": "00:12:52", "end": "00:12:57", "text": "put out a a note or a study which said,"}, {"start": "00:12:55", "end": "00:12:59", "text": "\"Look, Bitcoin technology is an"}, {"start": "00:12:57", "end": "00:13:02", "text": "underutilized forensic tool.\" And this"}, {"start": "00:12:59", "end": "00:13:03", "text": "wasn't recent. This was in 2021. He said"}, {"start": "00:13:02", "end": "00:13:06", "text": "specifically,"}, {"start": "00:13:03", "end": "00:13:08", "text": "Bitcoin tech or blockchain tech, excuse"}, {"start": "00:13:06", "end": "00:13:10", "text": "me, is a powerful and underutilized"}, {"start": "00:13:08", "end": "00:13:12", "text": "forensic tool for governments or"}, {"start": "00:13:10", "end": "00:13:14", "text": "corporations to identify illicit"}, {"start": "00:13:12", "end": "00:13:17", "text": "activity and bring criminals to justice."}, {"start": "00:13:14", "end": "00:13:19", "text": "We just took a look at Zack XPTt is just"}, {"start": "00:13:17", "end": "00:13:21", "text": "one dude who goes out there and bust all"}, {"start": "00:13:19", "end": "00:13:22", "text": "these people by just chaining together"}, {"start": "00:13:21", "end": "00:13:24", "text": "different wallets. It's not that hard"}, {"start": "00:13:22", "end": "00:13:25", "text": "for Pete's sakes. And here's another"}, {"start": "00:13:24", "end": "00:13:26", "text": "example. And if you don't know how to do"}, {"start": "00:13:25", "end": "00:13:28", "text": "it or the government doesn't know how to"}, {"start": "00:13:26", "end": "00:13:30", "text": "do it, then go to companies like chain"}, {"start": "00:13:28", "end": "00:13:32", "text": "analysis and have them do it. It's the"}, {"start": "00:13:30", "end": "00:13:33", "text": "dumbest argument. I'm sorry. It's not"}, {"start": "00:13:32", "end": "00:13:35", "text": "that it's the dumbest argument. It's"}, {"start": "00:13:33", "end": "00:13:38", "text": "just an argument that you're"}, {"start": "00:13:35", "end": "00:13:40", "text": "misinformed. I don't think Ben doesn't"}, {"start": "00:13:38", "end": "00:13:42", "text": "know that. I just think he decides to"}, {"start": "00:13:40", "end": "00:13:44", "text": "ignore it. And I'm talking about Ben"}, {"start": "00:13:42", "end": "00:13:46", "text": "McKenzie. So everybody's like, which B"}, {"start": "00:13:44", "end": "00:13:48", "text": "you talking about? And that's the one."}, {"start": "00:13:46", "end": "00:13:50", "text": "So the last part where he talked about"}, {"start": "00:13:48", "end": "00:13:52", "text": "illicit activity. Look, if I'm going to"}, {"start": "00:13:50", "end": "00:13:55", "text": "do anything illegal, I'm not using"}, {"start": "00:13:52", "end": "00:13:57", "text": "Bitcoin and not using USDC because they"}, {"start": "00:13:55", "end": "00:13:59", "text": "can track it to me. I'm using cash,"}, {"start": "00:13:57", "end": "00:14:02", "text": "baby. And that's the most untrackable"}, {"start": "00:13:59", "end": "00:14:04", "text": "thing I can possibly use. As far as for"}, {"start": "00:14:02", "end": "00:14:05", "text": "the global elicit financial flows, I"}, {"start": "00:14:04", "end": "00:14:07", "text": "know Ben McKenzie said, \"Oh, you can't"}, {"start": "00:14:05", "end": "00:14:08", "text": "really quantify that.\" Yeah, you can."}, {"start": "00:14:07", "end": "00:14:09", "text": "There's a bunch of studies and I linked"}, {"start": "00:14:08", "end": "00:14:11", "text": "them in here and you can find them as a"}, {"start": "00:14:09", "end": "00:14:14", "text": "link in the description. For the US"}, {"start": "00:14:11", "end": "00:14:16", "text": "dollars for illicit activity, it's"}, {"start": "00:14:14", "end": "00:14:17", "text": "roughly around $4.4 trillion dollars."}, {"start": "00:14:16", "end": "00:14:18", "text": "That's drug trafficking, human"}, {"start": "00:14:17", "end": "00:14:20", "text": "trafficking, corruption, environmental"}, {"start": "00:14:18", "end": "00:14:22", "text": "crime, whatever you want to say, banks"}, {"start": "00:14:20", "end": "00:14:23", "text": "and shell companies, whatever. And then"}, {"start": "00:14:22", "end": "00:14:25", "text": "as far as crypto, do you know how much"}, {"start": "00:14:23", "end": "00:14:29", "text": "is being used for illicit activity? It's"}, {"start": "00:14:25", "end": "00:14:32", "text": "$158 billion, which is less than 1.2% of"}, {"start": "00:14:29", "end": "00:14:33", "text": "onchain volume. Now, it's true that"}, {"start": "00:14:32", "end": "00:14:35", "text": "there are some parts for sanctions"}, {"start": "00:14:33", "end": "00:14:37", "text": "invasion. And of course, it says here"}, {"start": "00:14:35", "end": "00:14:39", "text": "why crypto captures headlines. The vast"}, {"start": "00:14:37", "end": "00:14:42", "text": "majority of dirty money still prefers"}, {"start": "00:14:39", "end": "00:14:43", "text": "trads. And I'm one of them. Not that I'm"}, {"start": "00:14:42", "end": "00:14:44", "text": "doing this all the time. Don't arrest"}, {"start": "00:14:43", "end": "00:14:47", "text": "me, but I'm just saying if I'm going to"}, {"start": "00:14:44", "end": "00:14:48", "text": "do something secret with cash. So, if"}, {"start": "00:14:47", "end": "00:14:50", "text": "you want to just kind of like quantify"}, {"start": "00:14:48", "end": "00:14:52", "text": "that, here's the scale of illicit"}, {"start": "00:14:50", "end": "00:14:55", "text": "activity of what's being used by US"}, {"start": "00:14:52", "end": "00:14:58", "text": "dollars and what's being used by"}, {"start": "00:14:55", "end": "00:15:00", "text": "cryptocurrency digital assets. It's"}, {"start": "00:14:58", "end": "00:15:02", "text": "nothing. And again, if you want to see"}, {"start": "00:15:00", "end": "00:15:03", "text": "the data and the links, there's a link"}, {"start": "00:15:02", "end": "00:15:04", "text": "in the description and it goes to all"}, {"start": "00:15:03", "end": "00:15:06", "text": "the different charts that I use to put"}, {"start": "00:15:04", "end": "00:15:08", "text": "this together for today. So, that will"}, {"start": "00:15:06", "end": "00:15:10", "text": "conclude everything with Ben McKenzie."}, {"start": "00:15:08", "end": "00:15:13", "text": "Again, not a bad guy, just misinformed"}, {"start": "00:15:10", "end": "00:15:16", "text": "or chooses to be blissfully ignorant on"}, {"start": "00:15:13", "end": "00:15:17", "text": "some things. That's fine. H let's go to"}, {"start": "00:15:16", "end": "00:15:19", "text": "Coffeezilla, who is another guy that I"}, {"start": "00:15:17", "end": "00:15:21", "text": "like. I really liked his reporting,"}, {"start": "00:15:19", "end": "00:15:24", "text": "especially as he was bombarding FTX and"}, {"start": "00:15:21", "end": "00:15:28", "text": "and Celsius. Ah, it was a great stuff."}, {"start": "00:15:24", "end": "00:15:31", "text": "And uh today he's got some reasonable"}, {"start": "00:15:28", "end": "00:15:33", "text": "doubts about stretch or strategy. And I"}, {"start": "00:15:31", "end": "00:15:36", "text": "did too. And I got to tell you after"}, {"start": "00:15:33", "end": "00:15:39", "text": "watching this, I actually bought some of"}, {"start": "00:15:36", "end": "00:15:40", "text": "Stretch. So first of all, what the heck"}, {"start": "00:15:39", "end": "00:15:42", "text": "is he talking about? What am I talking"}, {"start": "00:15:40", "end": "00:15:43", "text": "about? I think that's that's the bigger"}, {"start": "00:15:42", "end": "00:15:45", "text": "thing. So with this one, just take a"}, {"start": "00:15:43", "end": "00:15:47", "text": "listen. This about uh 30 seconds or so"}, {"start": "00:15:45", "end": "00:15:49", "text": "is he lays out his case for what the"}, {"start": "00:15:47", "end": "00:15:52", "text": "heck is strategy and stretch."}, {"start": "00:15:49", "end": "00:15:55", "text": ">> Wow. Now, setting aside the fact that"}, {"start": "00:15:52", "end": "00:15:57", "text": "Stretch is not really a product, it's a"}, {"start": "00:15:55", "end": "00:15:59", "text": "stock. Those are still some mind-blowing"}, {"start": "00:15:57", "end": "00:16:01", "text": "numbers. So, what does Stretch do? I'm"}, {"start": "00:15:59", "end": "00:16:03", "text": "going to try to make it simple. You put"}, {"start": "00:16:01", "end": "00:16:06", "text": "in your money, they say they're going to"}, {"start": "00:16:03", "end": "00:16:08", "text": "yield about 11 12% a year. Now, that is"}, {"start": "00:16:06", "end": "00:16:10", "text": "a variable interest rate, but it's"}, {"start": "00:16:08", "end": "00:16:13", "text": "basically doubledigit returns, which is"}, {"start": "00:16:10", "end": "00:16:15", "text": "just mindblowing. I mean, it's way more"}, {"start": "00:16:13", "end": "00:16:17", "text": "than anything you would get in your"}, {"start": "00:16:15", "end": "00:16:20", "text": "normal bank account. And that's got"}, {"start": "00:16:17", "end": "00:16:22", "text": "people curious. It's got me curious. So,"}, {"start": "00:16:20", "end": "00:16:23", "text": "let's hear Michael Sailor talk about"}, {"start": "00:16:22", "end": "00:16:25", "text": "what this is."}, {"start": "00:16:23", "end": "00:16:28", "text": ">> When we sell STRC,"}, {"start": "00:16:25", "end": "00:16:30", "text": "we're selling equity. When you give me a"}, {"start": "00:16:28", "end": "00:16:33", "text": "million dollars to buy a preferred"}, {"start": "00:16:30", "end": "00:16:36", "text": "equity with a variable dividend, if you"}, {"start": "00:16:33", "end": "00:16:37", "text": "read the securities document and and you"}, {"start": "00:16:36", "end": "00:16:40", "text": "understand what that what that security"}, {"start": "00:16:37", "end": "00:16:41", "text": "is, you're entering into a perpetual"}, {"start": "00:16:40", "end": "00:16:43", "text": "swap."}, {"start": "00:16:41", "end": "00:16:44", "text": ">> Okay, stop. First, I got to explain that"}, {"start": "00:16:43", "end": "00:16:47", "text": "because when people hear that like"}, {"start": "00:16:44", "end": "00:16:49", "text": "equities and swaps and and perpetuals,"}, {"start": "00:16:47", "end": "00:16:52", "text": "what the hell is going on? So, the"}, {"start": "00:16:49", "end": "00:16:54", "text": "problem is the language. Sailor's a"}, {"start": "00:16:52", "end": "00:16:55", "text": "really smart guy. I am not a smart guy."}, {"start": "00:16:54", "end": "00:16:57", "text": "I need you to dumb it down for me."}, {"start": "00:16:55", "end": "00:16:59", "text": "That's just how it goes. So, the problem"}, {"start": "00:16:57", "end": "00:17:01", "text": "with with sailor sometimes is the"}, {"start": "00:16:59", "end": "00:17:03", "text": "language. And some and sailor will"}, {"start": "00:17:01", "end": "00:17:05", "text": "sometimes compare it to bonds, bank,"}, {"start": "00:17:03", "end": "00:17:06", "text": "money markets, and people like myself"}, {"start": "00:17:05", "end": "00:17:08", "text": "sometimes get confused. It's none of"}, {"start": "00:17:06", "end": "00:17:10", "text": "those. It's like you said, it's an"}, {"start": "00:17:08", "end": "00:17:12", "text": "equity. It's a preferred stock. And you"}, {"start": "00:17:10", "end": "00:17:14", "text": "can buy and sell that preferred stock on"}, {"start": "00:17:12", "end": "00:17:17", "text": "anything like Robin Hood. You can get it"}, {"start": "00:17:14", "end": "00:17:19", "text": "on Kraken, I think, other different"}, {"start": "00:17:17", "end": "00:17:21", "text": "places you can get equities or stocks."}, {"start": "00:17:19", "end": "00:17:22", "text": "And you can buy it, sell it. Yeah."}, {"start": "00:17:21", "end": "00:17:24", "text": "You're not going to, like he says here,"}, {"start": "00:17:22", "end": "00:17:25", "text": "you're not going to get the money back."}, {"start": "00:17:24", "end": "00:17:27", "text": "Just like when you buy a stock, you"}, {"start": "00:17:25", "end": "00:17:30", "text": "don't get money back from the stock"}, {"start": "00:17:27", "end": "00:17:32", "text": "itself. You buy that stock and then you"}, {"start": "00:17:30", "end": "00:17:34", "text": "sell it to somebody else hopefully at a"}, {"start": "00:17:32", "end": "00:17:35", "text": "higher one if you can get lucky enough."}, {"start": "00:17:34", "end": "00:17:37", "text": "And if not, then you're going to eat the"}, {"start": "00:17:35", "end": "00:17:39", "text": "cost. You can sell the stock in the open"}, {"start": "00:17:37", "end": "00:17:41", "text": "market though. But this is the language"}, {"start": "00:17:39", "end": "00:17:44", "text": "that trips up a lot of people and"}, {"start": "00:17:41", "end": "00:17:45", "text": "especially with the guy Coffeezilla"}, {"start": "00:17:44", "end": "00:17:46", "text": "talking about it. So just take more of a"}, {"start": "00:17:45", "end": "00:17:51", "text": "listen here."}, {"start": "00:17:46", "end": "00:17:53", "text": "I am agreeing as the issuer to give you"}, {"start": "00:17:51", "end": "00:17:56", "text": "sofur the standard overnight funds rate"}, {"start": "00:17:53", "end": "00:17:57", "text": "plus a credit spread determined by the"}, {"start": "00:17:56", "end": "00:18:01", "text": "company"}, {"start": "00:17:57", "end": "00:18:04", "text": "and you are agreeing to give the company"}, {"start": "00:18:01", "end": "00:18:07", "text": "that capital forever"}, {"start": "00:18:04", "end": "00:18:11", "text": "and so that and you're not getting the"}, {"start": "00:18:07", "end": "00:18:12", "text": "money back. So it's not an overnight"}, {"start": "00:18:11", "end": "00:18:15", "text": "loan. There is no collateral call. You"}, {"start": "00:18:12", "end": "00:18:17", "text": "have no redemption. Right."}, {"start": "00:18:15", "end": "00:18:18", "text": ">> Right. So, let me ask you guys this."}, {"start": "00:18:17", "end": "00:18:21", "text": "When you buy a stock, is it the same"}, {"start": "00:18:18", "end": "00:18:23", "text": "thing? Do you guys have some kind of"}, {"start": "00:18:21", "end": "00:18:24", "text": "like you you're guaranteed to get money"}, {"start": "00:18:23", "end": "00:18:27", "text": "back? No. That's pretty much how it"}, {"start": "00:18:24", "end": "00:18:28", "text": "works. Again, the language you you can't"}, {"start": "00:18:27", "end": "00:18:30", "text": "it's it's not like you can go to the"}, {"start": "00:18:28", "end": "00:18:32", "text": "bank and say, \"Give me the million"}, {"start": "00:18:30", "end": "00:18:34", "text": "dollars back tomorrow.\" In fact, you're"}, {"start": "00:18:32", "end": "00:18:36", "text": "not getting the money back ever."}, {"start": "00:18:34", "end": "00:18:39", "text": ">> Now, that sounds a lot different than"}, {"start": "00:18:36", "end": "00:18:43", "text": "like what people imagine when they hear,"}, {"start": "00:18:39", "end": "00:18:45", "text": "you know, bond, loan, money market,"}, {"start": "00:18:43", "end": "00:18:48", "text": "bank, right? Would you like a bank"}, {"start": "00:18:45", "end": "00:18:50", "text": "account that pays you 11% that's tax"}, {"start": "00:18:48", "end": "00:18:51", "text": "deferred"}, {"start": "00:18:50", "end": "00:18:53", "text": ">> SDRC?"}, {"start": "00:18:51", "end": "00:18:55", "text": ">> See, that's just it. And like you hear"}, {"start": "00:18:53", "end": "00:18:57", "text": "in like you hear in banks, uh you hear"}, {"start": "00:18:55", "end": "00:18:59", "text": "in bonds, you hear in money markets,"}, {"start": "00:18:57", "end": "00:19:01", "text": "you're like, is it that is there an"}, {"start": "00:18:59", "end": "00:19:02", "text": "equity? What is I get it. I get where"}, {"start": "00:19:01", "end": "00:19:05", "text": "where coffee is coming from because it"}, {"start": "00:19:02", "end": "00:19:08", "text": "trips me up too. So the the last part"}, {"start": "00:19:05", "end": "00:19:10", "text": "then would be the dividend and because"}, {"start": "00:19:08", "end": "00:19:12", "text": "that's the whole thing 11% if where's"}, {"start": "00:19:10", "end": "00:19:14", "text": "the yield coming from man? because that"}, {"start": "00:19:12", "end": "00:19:16", "text": "just sounds like another Celsius type of"}, {"start": "00:19:14", "end": "00:19:19", "text": "thing like we talked about in the past."}, {"start": "00:19:16", "end": "00:19:21", "text": "So, the dividend itself"}, {"start": "00:19:19", "end": "00:19:24", "text": "comes from all the buyers. So, take a"}, {"start": "00:19:21", "end": "00:19:26", "text": "listen to this. This is uh Whoops. Right"}, {"start": "00:19:24", "end": "00:19:28", "text": "here about 30 seconds"}, {"start": "00:19:26", "end": "00:19:30", "text": ">> is a dividend. A dividend, by the way,"}, {"start": "00:19:28", "end": "00:19:33", "text": "which they can suspend to avoid"}, {"start": "00:19:30", "end": "00:19:35", "text": "insolveny. If the company couldn't pay"}, {"start": "00:19:33", "end": "00:19:37", "text": "the dividend without being insolvent, it"}, {"start": "00:19:35", "end": "00:19:40", "text": "would suspend the dividend for 12 weeks."}, {"start": "00:19:37", "end": "00:19:42", "text": "By law, you can't pay a dividend on a"}, {"start": "00:19:40", "end": "00:19:43", "text": "preferred stock that would create an"}, {"start": "00:19:42", "end": "00:19:45", "text": "insolveny event for the issuer."}, {"start": "00:19:43", "end": "00:19:46", "text": ">> That all of a sudden changes the"}, {"start": "00:19:45", "end": "00:19:49", "text": "narrative. But again, that's going to"}, {"start": "00:19:46", "end": "00:19:51", "text": "take more time to explain. And my"}, {"start": "00:19:49", "end": "00:19:53", "text": "wholesaler's whole strategy, ironically,"}, {"start": "00:19:51", "end": "00:19:55", "text": "is to go with a much simpler pitch,"}, {"start": "00:19:53", "end": "00:19:58", "text": "WHICH IS, HEY, IT'S JUST LIKE A money"}, {"start": "00:19:55", "end": "00:20:01", "text": "market, but better. It's money market"}, {"start": "00:19:58", "end": "00:20:03", "text": "light. and this kind of dual use of"}, {"start": "00:20:01", "end": "00:20:05", "text": "language where there he's kind of"}, {"start": "00:20:03", "end": "00:20:06", "text": "defending how it's good for the company"}, {"start": "00:20:05", "end": "00:20:08", "text": "like hey we're not going to get"}, {"start": "00:20:06", "end": "00:20:10", "text": "liquidated if Bitcoin goes down because"}, {"start": "00:20:08", "end": "00:20:12", "text": "we technically owe these people nothing"}, {"start": "00:20:10", "end": "00:20:15", "text": "we can suspend the dividend it is"}, {"start": "00:20:12", "end": "00:20:17", "text": "literally impossible to create an"}, {"start": "00:20:15", "end": "00:20:18", "text": "insolveny or to bankrupt an issue of a"}, {"start": "00:20:17", "end": "00:20:20", "text": "preferred stock"}, {"start": "00:20:18", "end": "00:20:22", "text": ">> but on the other hand like pitching it"}, {"start": "00:20:20", "end": "00:20:25", "text": "like a money market or pitching it like"}, {"start": "00:20:22", "end": "00:20:27", "text": "a bank where in both of those cases you"}, {"start": "00:20:25", "end": "00:20:29", "text": "are reasonable to expect to have your"}, {"start": "00:20:27", "end": "00:20:32", "text": "money back but here. Obviously,"}, {"start": "00:20:29", "end": "00:20:34", "text": ">> you're not. So, like you said with the"}, {"start": "00:20:32", "end": "00:20:35", "text": "dividends and things like that because"}, {"start": "00:20:34", "end": "00:20:37", "text": "you said like we can suspend the"}, {"start": "00:20:35", "end": "00:20:39", "text": "dividends. First of all, me and Jerry"}, {"start": "00:20:37", "end": "00:20:40", "text": "did a video about this. It wasn't about"}, {"start": "00:20:39", "end": "00:20:42", "text": "the dividends, but it was about well,"}, {"start": "00:20:40", "end": "00:20:44", "text": "how do they they if they have to have a"}, {"start": "00:20:42", "end": "00:20:46", "text": "problem to stay solvent? Well, the CEO"}, {"start": "00:20:44", "end": "00:20:48", "text": "of Strategy said like this. We could"}, {"start": "00:20:46", "end": "00:20:50", "text": "sell Bitcoin, we're just not going to"}, {"start": "00:20:48", "end": "00:20:52", "text": "sell it. But if we did sell it, it would"}, {"start": "00:20:50", "end": "00:20:54", "text": "take decades to run out. So, we would"}, {"start": "00:20:52", "end": "00:20:57", "text": "actually be able to pay people back what"}, {"start": "00:20:54", "end": "00:20:58", "text": "it said. But the dividends"}, {"start": "00:20:57", "end": "00:21:00", "text": "when he was talking about it when"}, {"start": "00:20:58", "end": "00:21:02", "text": "Michael Sailor said, \"Hey, we, you know,"}, {"start": "00:21:00", "end": "00:21:04", "text": "we could just suspend dividends and then"}, {"start": "00:21:02", "end": "00:21:05", "text": "that would keep us solvent until we, you"}, {"start": "00:21:04", "end": "00:21:07", "text": "know, find our way or whatever.\" Not."}, {"start": "00:21:05", "end": "00:21:09", "text": "But people are saying, \"Well, what the"}, {"start": "00:21:07", "end": "00:21:11", "text": "heck? You can't do that.\" Yeah, you can."}, {"start": "00:21:09", "end": "00:21:13", "text": "And this has happened many of times."}, {"start": "00:21:11", "end": "00:21:15", "text": "This is from 2022."}, {"start": "00:21:13", "end": "00:21:17", "text": "Uh, April 30th, Royal Dutch Shell"}, {"start": "00:21:15", "end": "00:21:19", "text": "Company cut his dividend by 66% to 16"}, {"start": "00:21:17", "end": "00:21:22", "text": "cents a share. First production since"}, {"start": "00:21:19", "end": "00:21:25", "text": "1945. Duncan, one of my favorite uh"}, {"start": "00:21:22", "end": "00:21:27", "text": "companies. love donuts suspended its"}, {"start": "00:21:25", "end": "00:21:29", "text": "quarterly dividend of 40 cents a share."}, {"start": "00:21:27", "end": "00:21:31", "text": "Dine Brands Global operative Oh yeah,"}, {"start": "00:21:29", "end": "00:21:33", "text": "IHOP and Applebees suspended its"}, {"start": "00:21:31", "end": "00:21:35", "text": "quarterly dividend of 76 cents a share"}, {"start": "00:21:33", "end": "00:21:37", "text": "after earlier pausing."}, {"start": "00:21:35", "end": "00:21:40", "text": "Gilden Activeware, I know what that what"}, {"start": "00:21:37", "end": "00:21:43", "text": "is suspended quarterly dividends by 15 a"}, {"start": "00:21:40", "end": "00:21:45", "text": "share. Harley-Davidson halted halted"}, {"start": "00:21:43", "end": "00:21:48", "text": "share repurchase and cut its quarterly"}, {"start": "00:21:45", "end": "00:21:51", "text": "dividend at 2 cents from 38. GM cut its"}, {"start": "00:21:48", "end": "00:21:53", "text": "dividends buyback program. Expedia Group"}, {"start": "00:21:51", "end": "00:21:55", "text": "is halting its quarterly dividends of 34"}, {"start": "00:21:53", "end": "00:21:56", "text": "cents a share. Quest Diagnostics"}, {"start": "00:21:55", "end": "00:21:57", "text": "suspended share repurchase through"}, {"start": "00:21:56", "end": "00:21:58", "text": "year's end, but said it remains"}, {"start": "00:21:57", "end": "00:22:00", "text": "committed to his quarterly dividend."}, {"start": "00:21:58", "end": "00:22:02", "text": "Anyhow, the whole point is this. They"}, {"start": "00:22:00", "end": "00:22:06", "text": "could do that and these things could"}, {"start": "00:22:02", "end": "00:22:09", "text": "happen, but it hasn't happened. So maybe"}, {"start": "00:22:06", "end": "00:22:10", "text": "they do this in the future. We will see."}, {"start": "00:22:09", "end": "00:22:11", "text": "But this kind of goes along the line of"}, {"start": "00:22:10", "end": "00:22:12", "text": "like when people say like, \"Oh, you're"}, {"start": "00:22:11", "end": "00:22:14", "text": "not going to pay the dividend.\" Well,"}, {"start": "00:22:12", "end": "00:22:16", "text": "who does that? Other companies done that"}, {"start": "00:22:14", "end": "00:22:17", "text": "before. I'm not saying like this is the"}, {"start": "00:22:16", "end": "00:22:19", "text": "greatest company of all time. I'm just"}, {"start": "00:22:17", "end": "00:22:23", "text": "saying I get where things kind of get"}, {"start": "00:22:19", "end": "00:22:26", "text": "off the rails. So then lastly, the big"}, {"start": "00:22:23", "end": "00:22:27", "text": "thing is, well, how do we do this with,"}, {"start": "00:22:26", "end": "00:22:29", "text": "you know, where's the money come from?"}, {"start": "00:22:27", "end": "00:22:31", "text": "It comes from the stock price act that"}, {"start": "00:22:29", "end": "00:22:33", "text": "they put in. Well, this is where we get"}, {"start": "00:22:31", "end": "00:22:34", "text": "to some of that financial engineering we"}, {"start": "00:22:33", "end": "00:22:37", "text": "were talking about. Part of the way"}, {"start": "00:22:34", "end": "00:22:38", "text": "Stretch mimics a bank account, mimics a"}, {"start": "00:22:37", "end": "00:22:42", "text": "savings account is that they are trying"}, {"start": "00:22:38", "end": "00:22:45", "text": "to keep it as close to $100 in value at"}, {"start": "00:22:42", "end": "00:22:48", "text": "all times. You can see Michael Sailor"}, {"start": "00:22:45", "end": "00:22:51", "text": "posted it's a 1 cent market closed at"}, {"start": "00:22:48", "end": "00:22:54", "text": "par. Meaning the idea is there's almost"}, {"start": "00:22:51", "end": "00:22:57", "text": "no volatility in this stock. You can"}, {"start": "00:22:54", "end": "00:23:01", "text": "also see a longer duration here where it"}, {"start": "00:22:57", "end": "00:23:03", "text": "mostly hovers around $100. Now, how are"}, {"start": "00:23:01", "end": "00:23:05", "text": "they achieving this? Well, it's actually"}, {"start": "00:23:03", "end": "00:23:07", "text": "pretty simple. Basically, when it falls"}, {"start": "00:23:05", "end": "00:23:09", "text": "below $100, they just raise the"}, {"start": "00:23:07", "end": "00:23:11", "text": "dividend, start offering more money"}, {"start": "00:23:09", "end": "00:23:14", "text": "until enough people buy it to bring it"}, {"start": "00:23:11", "end": "00:23:17", "text": "at $100. And above $100, they issue more"}, {"start": "00:23:14", "end": "00:23:19", "text": "shares to make it fall to $100. So,"}, {"start": "00:23:17", "end": "00:23:21", "text": "you're given this constant impression"}, {"start": "00:23:19", "end": "00:23:23", "text": "that this thing is worth $100. So, you"}, {"start": "00:23:21", "end": "00:23:25", "text": "never fear the idea of this thing"}, {"start": "00:23:23", "end": "00:23:28", "text": "falling and losing your principle. Even"}, {"start": "00:23:25", "end": "00:23:31", "text": "if strategy won't cash you out, somebody"}, {"start": "00:23:28", "end": "00:23:32", "text": "else hopefully will buy your stock at"}, {"start": "00:23:31", "end": "00:23:34", "text": "the same amount you bought it for and"}, {"start": "00:23:32", "end": "00:23:37", "text": "you just collect the dividends, right?"}, {"start": "00:23:34", "end": "00:23:39", "text": "That's the idea behind it. The problem"}, {"start": "00:23:37", "end": "00:23:41", "text": "with it, well, currently in order to"}, {"start": "00:23:39", "end": "00:23:43", "text": "keep it at par, Michael Sailor says"}, {"start": "00:23:41", "end": "00:23:43", "text": "they've raised the dividend rate five"}, {"start": "00:23:43", "end": "00:23:44", "text": "times."}, {"start": "00:23:43", "end": "00:23:45", "text": ">> So, what are they going to do if it"}, {"start": "00:23:44", "end": "00:23:47", "text": "doesn't trade at 100 bucks? They're"}, {"start": "00:23:45", "end": "00:23:48", "text": "going to raise the dividend rate. Have"}, {"start": "00:23:47", "end": "00:23:51", "text": "they done that? Yeah. Five times. So"}, {"start": "00:23:48", "end": "00:23:54", "text": "ultimately, Stretch will only stay at"}, {"start": "00:23:51", "end": "00:23:57", "text": "$100 and you will not risk losing your"}, {"start": "00:23:54", "end": "00:23:59", "text": "principal investment as long as there's"}, {"start": "00:23:57", "end": "00:24:00", "text": "another guy willing to buy it at $100."}, {"start": "00:23:59", "end": "00:24:02", "text": "Now again, they"}, {"start": "00:24:00", "end": "00:24:05", "text": ">> same thing with stocks. If I want to buy"}, {"start": "00:24:02", "end": "00:24:06", "text": "Tesla, whatever it's at today, I'm"}, {"start": "00:24:05", "end": "00:24:08", "text": "hoping someone will want to buy it from"}, {"start": "00:24:06", "end": "00:24:10", "text": "me at a higher price and it doesn't go"}, {"start": "00:24:08", "end": "00:24:12", "text": "to zero. Same type of thing. Again, not"}, {"start": "00:24:10", "end": "00:24:14", "text": "defending, I'm just saying I get where"}, {"start": "00:24:12", "end": "00:24:16", "text": "coffee is coming from kind of kind of"}, {"start": "00:24:14", "end": "00:24:18", "text": "trips people up. And then lastly, I'll"}, {"start": "00:24:16", "end": "00:24:21", "text": "just remind people that Strategist"}, {"start": "00:24:18", "end": "00:24:24", "text": "almost has 800,000 Bitcoin. And if you"}, {"start": "00:24:21", "end": "00:24:26", "text": "think Bitcoin is going to zero, you're"}, {"start": "00:24:24", "end": "00:24:28", "text": "probably not watching this channel quite"}, {"start": "00:24:26", "end": "00:24:29", "text": "honestly. And if you think that we're"}, {"start": "00:24:28", "end": "00:24:31", "text": "still in a four-year cycle, and if you"}, {"start": "00:24:29", "end": "00:24:33", "text": "think there is some accumulation to be"}, {"start": "00:24:31", "end": "00:24:34", "text": "had, and if you think that the main"}, {"start": "00:24:33", "end": "00:24:37", "text": "reason why Bitcoin does so well because"}, {"start": "00:24:34", "end": "00:24:39", "text": "it has a fixed supply and the federal"}, {"start": "00:24:37", "end": "00:24:41", "text": "government continues to debase the fiat"}, {"start": "00:24:39", "end": "00:24:43", "text": "currency as it continues to print money"}, {"start": "00:24:41", "end": "00:24:45", "text": "into perpetitude, then maybe you think"}, {"start": "00:24:43", "end": "00:24:47", "text": "to yourself, maybe this is something"}, {"start": "00:24:45", "end": "00:24:49", "text": "that I could get into as far as strateg."}, {"start": "00:24:47", "end": "00:24:52", "text": "Now, me myself, I after watching this"}, {"start": "00:24:49", "end": "00:24:53", "text": "whole thing with uh coffee, I'm like, I"}, {"start": "00:24:52", "end": "00:24:55", "text": "should probably get into that. So, I"}, {"start": "00:24:53", "end": "00:24:56", "text": "bought a little bit and uh we'll see"}, {"start": "00:24:55", "end": "00:24:58", "text": "where it goes. if you want to get it"}, {"start": "00:24:56", "end": "00:25:02", "text": "broken down even more. So, there was"}, {"start": "00:24:58", "end": "00:25:04", "text": "this great video from Adam Livingston"}, {"start": "00:25:02", "end": "00:25:06", "text": "and I was watching everything on on 2x"}, {"start": "00:25:04", "end": "00:25:07", "text": "today to get through all these things"}, {"start": "00:25:06", "end": "00:25:08", "text": "because like the John Stewart, Ben"}, {"start": "00:25:07", "end": "00:25:10", "text": "McKenzie interview was like an hour and"}, {"start": "00:25:08", "end": "00:25:12", "text": "a half. I had I just had to go through"}, {"start": "00:25:10", "end": "00:25:16", "text": "it. I watched this one hour and a or two"}, {"start": "00:25:12", "end": "00:25:18", "text": "2x and 2x 2x. Watch this video from Adam"}, {"start": "00:25:16", "end": "00:25:20", "text": "Livingston in 2x and you'll laugh your"}, {"start": "00:25:18", "end": "00:25:23", "text": "head off because you can just see how"}, {"start": "00:25:20", "end": "00:25:24", "text": "irritated he is and the things that that"}, {"start": "00:25:23", "end": "00:25:25", "text": "coffee talks about. It's hilarious."}, {"start": "00:25:24", "end": "00:25:27", "text": "Anyhow, I link that in the description."}, {"start": "00:25:25", "end": "00:25:30", "text": "You can check that out. And then lastly,"}, {"start": "00:25:27", "end": "00:25:32", "text": "lastly, uh, Professor Jen, which I guess"}, {"start": "00:25:30", "end": "00:25:34", "text": "he's not a professor, but I mean, he's a"}, {"start": "00:25:32", "end": "00:25:36", "text": "smart guy and I I find him entertaining."}, {"start": "00:25:34", "end": "00:25:38", "text": "And he came out to some podcast and was"}, {"start": "00:25:36", "end": "00:25:40", "text": "talking about Bitcoin. And this was I I"}, {"start": "00:25:38", "end": "00:25:41", "text": "I saved the worst for last. So, just"}, {"start": "00:25:40", "end": "00:25:43", "text": "take a listen to this one."}, {"start": "00:25:41", "end": "00:25:46", "text": ">> So, the moment people people recognize"}, {"start": "00:25:43", "end": "00:25:48", "text": "that this is a CIA operation, people"}, {"start": "00:25:46", "end": "00:25:48", "text": "won't put their money into blockchain."}, {"start": "00:25:48", "end": "00:25:50", "text": ">> That's true."}, {"start": "00:25:48", "end": "00:25:53", "text": ">> People won't put their money into"}, {"start": "00:25:50", "end": "00:25:56", "text": "Bitcoin. They'll they'll be like, I"}, {"start": "00:25:53", "end": "00:25:58", "text": "mean, uh, why would I do that? You have"}, {"start": "00:25:56", "end": "00:26:02", "text": "to ask yourself this question. Where are"}, {"start": "00:25:58", "end": "00:26:04", "text": "the blockchain servers located?"}, {"start": "00:26:02", "end": "00:26:05", "text": "I don't know if this guy's smiling"}, {"start": "00:26:04", "end": "00:26:07", "text": "because he thinks it's ridiculous or if"}, {"start": "00:26:05", "end": "00:26:10", "text": "he's smiling like, okay, that's a gotcha"}, {"start": "00:26:07", "end": "00:26:12", "text": "question. Anyhow, Professor Jang or Jen,"}, {"start": "00:26:10", "end": "00:26:14", "text": "he became famous because he predicted"}, {"start": "00:26:12", "end": "00:26:15", "text": "the presidential election that Donald"}, {"start": "00:26:14", "end": "00:26:17", "text": "Trump would win. He also predicted that"}, {"start": "00:26:15", "end": "00:26:19", "text": "Iran would be invaded. He also"}, {"start": "00:26:17", "end": "00:26:22", "text": "predicted, I believe, that the US will"}, {"start": "00:26:19", "end": "00:26:24", "text": "lose the Iran war. So, I mean, you got"}, {"start": "00:26:22", "end": "00:26:26", "text": "the first two right, third one, we'll"}, {"start": "00:26:24", "end": "00:26:28", "text": "see what happens. But, uh, people love"}, {"start": "00:26:26", "end": "00:26:29", "text": "people who get a prediction right and"}, {"start": "00:26:28", "end": "00:26:32", "text": "then all of a sudden they put him on a"}, {"start": "00:26:29", "end": "00:26:34", "text": "pedestal. Michael Bur. So, hey, you"}, {"start": "00:26:32", "end": "00:26:35", "text": "know, let's see if it happens. But in"}, {"start": "00:26:34", "end": "00:26:37", "text": "this one, he's way off. And if we're"}, {"start": "00:26:35", "end": "00:26:39", "text": "taking a look at like, well, where do we"}, {"start": "00:26:37", "end": "00:26:42", "text": "where's all this stuff come from? Just"}, {"start": "00:26:39", "end": "00:26:43", "text": "go to newhedge.io links description. You"}, {"start": "00:26:42", "end": "00:26:46", "text": "can find all the node distribution for"}, {"start": "00:26:43", "end": "00:26:49", "text": "Bitcoin. In America, you got 23,000"}, {"start": "00:26:46", "end": "00:26:51", "text": "nodes. In Canada, 39,000. Oh, Brazil's"}, {"start": "00:26:49", "end": "00:26:53", "text": "got 1500. Let's see who else has got the"}, {"start": "00:26:51", "end": "00:26:58", "text": "big stuff."}, {"start": "00:26:53", "end": "00:26:59", "text": "Russia 1844. China 2190. India 567 kind"}, {"start": "00:26:58", "end": "00:27:00", "text": "of low. And then across the world,"}, {"start": "00:26:59", "end": "00:27:02", "text": "that's the pretty much where you have"}, {"start": "00:27:00", "end": "00:27:05", "text": "it. Also, you can look over at bit nodes"}, {"start": "00:27:02", "end": "00:27:06", "text": "and kind of look through like all the"}, {"start": "00:27:05", "end": "00:27:08", "text": "thousands and tens of thousands of nodes"}, {"start": "00:27:06", "end": "00:27:10", "text": "that are out there. So, that's uh that's"}, {"start": "00:27:08", "end": "00:27:13", "text": "a long one, but that's it for today. So,"}, {"start": "00:27:10", "end": "00:27:15", "text": "look. Woo. That was long. If you like"}, {"start": "00:27:13", "end": "00:27:16", "text": "today's video, give it a thumbs up."}, {"start": "00:27:15", "end": "00:27:18", "text": "Consider subscribing. Everything we talk"}, {"start": "00:27:16", "end": "00:27:19", "text": "about is relatively timesensitive."}, {"start": "00:27:18", "end": "00:27:20", "text": "That's it for this one. If you want to"}, {"start": "00:27:19", "end": "00:27:22", "text": "stick around, I'll answer all your"}, {"start": "00:27:20", "end": "00:27:23", "text": "questions to the best of my abilities"}, {"start": "00:27:22", "end": "00:27:28", "text": "and then we'll get out of here. So,"}, {"start": "00:27:23", "end": "00:27:30", "text": "let's get into the Q&A. All right. I"}, {"start": "00:27:28", "end": "00:27:32", "text": "personally get my investment advice from"}, {"start": "00:27:30", "end": "00:27:34", "text": "Kimmel. I I got to it was an hour and a"}, {"start": "00:27:32", "end": "00:27:36", "text": "half and that John's through one was uh"}, {"start": "00:27:34", "end": "00:27:38", "text": "pretty quick. You know,"}, {"start": "00:27:36", "end": "00:27:39", "text": "it went quicker than I thought, that's"}, {"start": "00:27:38", "end": "00:27:41", "text": "for sure. But I just wanted to kind of"}, {"start": "00:27:39", "end": "00:27:43", "text": "like bring it to everybody's attention"}, {"start": "00:27:41", "end": "00:27:45", "text": "that not everybody is like a 100% wrong."}, {"start": "00:27:43", "end": "00:27:47", "text": "They they bring some good points and"}, {"start": "00:27:45", "end": "00:27:50", "text": "it's not like we're all evil people out"}, {"start": "00:27:47", "end": "00:27:51", "text": "there. You know, you have to you have to"}, {"start": "00:27:50", "end": "00:27:53", "text": "look at where people are coming from,"}, {"start": "00:27:51", "end": "00:27:54", "text": "understand where it is, and it's kind of"}, {"start": "00:27:53", "end": "00:27:56", "text": "like say, well, I don't agree with that."}, {"start": "00:27:54", "end": "00:27:58", "text": "It's because of this. Very easy. This is"}, {"start": "00:27:56", "end": "00:27:59", "text": "when you're in a good mood. If you're in"}, {"start": "00:27:58", "end": "00:28:03", "text": "a bad mood, then it all goes out the"}, {"start": "00:27:59", "end": "00:28:05", "text": "window. Uh"}, {"start": "00:28:03", "end": "00:28:08", "text": "fell asleep. Gota missed the live at"}, {"start": "00:28:05", "end": "00:28:13", "text": "all. No, you didn't miss much. Rusty's"}, {"start": "00:28:08", "end": "00:28:13", "text": "here. CR is here. Where's the chats?"}, {"start": "00:28:14", "end": "00:28:19", "text": "Sounds like you need some iron. Don't we"}, {"start": "00:28:16", "end": "00:28:23", "text": "all? Uh,"}, {"start": "00:28:19", "end": "00:28:25", "text": "banks attack."}, {"start": "00:28:23", "end": "00:28:27", "text": "We must"}, {"start": "00:28:25", "end": "00:28:29", "text": "have the most brain dead politicians on"}, {"start": "00:28:27", "end": "00:28:31", "text": "the planet. Well, that's Australia. I I"}, {"start": "00:28:29", "end": "00:28:34", "text": "don't know. We're all competing"}, {"start": "00:28:31", "end": "00:28:37", "text": "politicians, you know. Yeah. Too big to"}, {"start": "00:28:34", "end": "00:28:37", "text": "fail."}, {"start": "00:28:38", "end": "00:28:44", "text": "Uh, yes, Ben McKenzie. That is the guy"}, {"start": "00:28:40", "end": "00:28:45", "text": "from OC. Uh, also on Gotham. Apparently,"}, {"start": "00:28:44", "end": "00:28:48", "text": "he was Commissioner Gordon. I didn't"}, {"start": "00:28:45", "end": "00:28:50", "text": "watch the show, but one of my favorite"}, {"start": "00:28:48", "end": "00:28:53", "text": "pastimes, a little Batman action. And,"}, {"start": "00:28:50", "end": "00:28:55", "text": "uh, he's wrote a book, Easy Money. Um,"}, {"start": "00:28:53", "end": "00:28:56", "text": "he's been pretty negative on Bitcoin,"}, {"start": "00:28:55", "end": "00:28:58", "text": "but like there's some parts where he"}, {"start": "00:28:56", "end": "00:29:00", "text": "kind of comes around to it. Like that"}, {"start": "00:28:58", "end": "00:29:03", "text": "elicit activity is like his big thing,"}, {"start": "00:29:00", "end": "00:29:05", "text": "you know? And uh if you just watch that"}, {"start": "00:29:03", "end": "00:29:06", "text": "part of my my segment, just take a look"}, {"start": "00:29:05", "end": "00:29:09", "text": "at well where does it go from? Well,"}, {"start": "00:29:06", "end": "00:29:11", "text": "1.2%. And that's, you know, pretty much"}, {"start": "00:29:09", "end": "00:29:12", "text": "it. But majority is from the US dollar."}, {"start": "00:29:11", "end": "00:29:14", "text": "If you want to eliminate list of"}, {"start": "00:29:12", "end": "00:29:16", "text": "activity, eliminate the dollar. That's"}, {"start": "00:29:14", "end": "00:29:18", "text": "the big thing. And he made some points"}, {"start": "00:29:16", "end": "00:29:21", "text": "about Epstein investing into Bitcoin."}, {"start": "00:29:18", "end": "00:29:24", "text": "But I'm like,"}, {"start": "00:29:21", "end": "00:29:26", "text": "yeah, well, whatever. Bill Gates"}, {"start": "00:29:24", "end": "00:29:30", "text": "invested into Tesla, so whatever. I"}, {"start": "00:29:26", "end": "00:29:33", "text": "think he's more he's more even."}, {"start": "00:29:30", "end": "00:29:36", "text": "Commissioner Gordon. All right. Yeah,"}, {"start": "00:29:33", "end": "00:29:40", "text": "just selling a book. Yeah, everybody's"}, {"start": "00:29:36", "end": "00:29:43", "text": "got to make some money. Let's see. Uh,"}, {"start": "00:29:40", "end": "00:29:45", "text": "thank you. Appreciate it. Live stream"}, {"start": "00:29:43", "end": "00:29:48", "text": "insider info."}, {"start": "00:29:45", "end": "00:29:51", "text": "And this is a good bot's right. Um, you"}, {"start": "00:29:48", "end": "00:29:54", "text": "know, all the rookies, they do all the"}, {"start": "00:29:51", "end": "00:29:57", "text": "illicit activity and money laundering"}, {"start": "00:29:54", "end": "00:29:58", "text": "and transfer of illegal funds."}, {"start": "00:29:57", "end": "00:30:00", "text": "They do that through like Bank of"}, {"start": "00:29:58", "end": "00:30:03", "text": "America,"}, {"start": "00:30:00", "end": "00:30:04", "text": "you know, Wells Fargo, Chase, that type"}, {"start": "00:30:03", "end": "00:30:06", "text": "of stuff. Those are the real ballers."}, {"start": "00:30:04", "end": "00:30:08", "text": "Like the rookies are the ones that use"}, {"start": "00:30:06", "end": "00:30:11", "text": "like Tether and USDC and they're trying"}, {"start": "00:30:08", "end": "00:30:13", "text": "to figure out Bitcoin. I mean, that's"}, {"start": "00:30:11", "end": "00:30:15", "text": "just a couple million. Maybe maybe a"}, {"start": "00:30:13", "end": "00:30:16", "text": "couple hundred million. That's that's"}, {"start": "00:30:15", "end": "00:30:19", "text": "those are those are rookie numbers."}, {"start": "00:30:16", "end": "00:30:23", "text": "We're looking for billions. That's where"}, {"start": "00:30:19", "end": "00:30:25", "text": "the banking system comes in. Come on."}, {"start": "00:30:23", "end": "00:30:26", "text": "Yeah. I'm tired, too, man. It's just one"}, {"start": "00:30:25", "end": "00:30:28", "text": "of those things."}, {"start": "00:30:26", "end": "00:30:30", "text": "It's difficult for Hollywood actors to"}, {"start": "00:30:28", "end": "00:30:34", "text": "find jobs now. They make documentaries."}, {"start": "00:30:30", "end": "00:30:36", "text": "It's hey, you got to work whatever you"}, {"start": "00:30:34", "end": "00:30:39", "text": "whatever you find passion into. It'd be"}, {"start": "00:30:36", "end": "00:30:41", "text": "great for Ben to come over to the"}, {"start": "00:30:39", "end": "00:30:43", "text": "Bitcoin side. I don't know if he'll ever"}, {"start": "00:30:41", "end": "00:30:47", "text": "do that, but I mean, look, Michael"}, {"start": "00:30:43", "end": "00:30:49", "text": "Sailor in 20134 put out a a post saying"}, {"start": "00:30:47", "end": "00:30:51", "text": "that uh Bitcoin was going to crumble"}, {"start": "00:30:49", "end": "00:30:53", "text": "just like uh all online gambling. And"}, {"start": "00:30:51", "end": "00:30:56", "text": "now he's the biggest spokesperson for"}, {"start": "00:30:53", "end": "00:31:00", "text": "it. So, you never know."}, {"start": "00:30:56", "end": "00:31:02", "text": "Um, I mean, look at me. 2017, son"}, {"start": "00:31:00", "end": "00:31:05", "text": "brought home a uh cold storage device,"}, {"start": "00:31:02", "end": "00:31:07", "text": "said, \"Hey, you want to buy 500 Bitcoin"}, {"start": "00:31:05", "end": "00:31:09", "text": "for $500?\""}, {"start": "00:31:07", "end": "00:31:10", "text": "I was like, \"What's a Bitcoin?\" He told"}, {"start": "00:31:09", "end": "00:31:12", "text": "me. And I'm like, \"That's the dumbest"}, {"start": "00:31:10", "end": "00:31:16", "text": "thing I've ever heard in my life. Get"}, {"start": "00:31:12", "end": "00:31:16", "text": "that trash out of here.\""}, {"start": "00:31:17", "end": "00:31:23", "text": "I don't know."}, {"start": "00:31:20", "end": "00:31:23", "text": "Let's see."}, {"start": "00:31:23", "end": "00:31:30", "text": "Jimmy, I'm in a bad mood. Power is out"}, {"start": "00:31:26", "end": "00:31:34", "text": "again in Puerto Rico. That's crazy"}, {"start": "00:31:30", "end": "00:31:34", "text": "because it has the best infrastructure."}, {"start": "00:31:34", "end": "00:31:42", "text": "Sorry, Jim. That part does suck."}, {"start": "00:31:39", "end": "00:31:45", "text": "Oh, yeah. Batman action latex. That"}, {"start": "00:31:42", "end": "00:31:47", "text": "could be me."}, {"start": "00:31:45", "end": "00:31:48", "text": "Yeah, it's also true. Don't be mad at"}, {"start": "00:31:47", "end": "00:31:50", "text": "the guys liquidating. Be mad at yourself"}, {"start": "00:31:48", "end": "00:31:54", "text": "getting liquidated."}, {"start": "00:31:50", "end": "00:31:58", "text": "Don't hate the player. Hate the game."}, {"start": "00:31:54", "end": "00:31:58", "text": "And I think that's it."}, {"start": "00:31:58", "end": "00:32:02", "text": "What?"}, {"start": "00:32:00", "end": "00:32:05", "text": "Black Golden State says, \"Hey Rob, I'm"}, {"start": "00:32:02", "end": "00:32:07", "text": "in the UK. Converted dollars to US"}, {"start": "00:32:05", "end": "00:32:12", "text": "gallons. We are paying just under just"}, {"start": "00:32:07", "end": "00:32:14", "text": "under $10 a gallon for diesel and gas is"}, {"start": "00:32:12", "end": "00:32:16", "text": "around eight bucks.\" Yeah, it's it's"}, {"start": "00:32:14", "end": "00:32:18", "text": "pretty high."}, {"start": "00:32:16", "end": "00:32:20", "text": "So, don't worry. There's a there's a"}, {"start": "00:32:18", "end": "00:32:24", "text": "tweet coming out any moment from Trump"}, {"start": "00:32:20", "end": "00:32:26", "text": "saying that uh the war is over. But, you"}, {"start": "00:32:24", "end": "00:32:28", "text": "know, then on the weekend he'll he'll"}, {"start": "00:32:26", "end": "00:32:30", "text": "change it and then next week it'll be"}, {"start": "00:32:28", "end": "00:32:33", "text": "like, \"Okay, let's get back to the"}, {"start": "00:32:30", "end": "00:32:36", "text": "table. Peace. He's coming.\""}, {"start": "00:32:33", "end": "00:32:39", "text": "Yeah. Yep. Yep. How does that match up?"}, {"start": "00:32:36", "end": "00:32:42", "text": "Uh my brother sent me a picture. I think"}, {"start": "00:32:39", "end": "00:32:44", "text": "it was like $8.13 for diesel per gallon."}, {"start": "00:32:42", "end": "00:32:46", "text": "And that's in California, though. You"}, {"start": "00:32:44", "end": "00:32:48", "text": "gota understand uh that's where they tax"}, {"start": "00:32:46", "end": "00:32:50", "text": "the living tar out of you which I don't"}, {"start": "00:32:48", "end": "00:32:52", "text": "know why anybody lives there. But uh in"}, {"start": "00:32:50", "end": "00:32:57", "text": "Texas it's not too bad. I think it's"}, {"start": "00:32:52", "end": "00:32:59", "text": "like uh 435. I I can't remember."}, {"start": "00:32:57", "end": "00:33:03", "text": "We'll see."}, {"start": "00:32:59", "end": "00:33:03", "text": "Great. Trump saves us."}, {"start": "00:33:05", "end": "00:33:07", "text": "That's it today. Rusty's right. Let's"}, {"start": "00:33:07", "end": "00:33:09", "text": "hit the like button. Get out of here."}, {"start": "00:33:07", "end": "00:33:10", "text": "That was a long one. So everybody,"}, {"start": "00:33:09", "end": "00:33:12", "text": "thanks so much for stopping by."}, {"start": "00:33:10", "end": "00:33:13", "text": "Appreciate you. If you have time,"}, {"start": "00:33:12", "end": "00:33:14", "text": "there's links in the description for"}, {"start": "00:33:13", "end": "00:33:16", "text": "those for those interviews. They were"}, {"start": "00:33:14", "end": "00:33:17", "text": "all really great. And again, the one"}, {"start": "00:33:16", "end": "00:33:20", "text": "with Adam Livingston was very"}, {"start": "00:33:17", "end": "00:33:23", "text": "entertaining. Also, go check out uh Not"}, {"start": "00:33:20", "end": "00:33:24", "text": "Financial Advice. It was uh me uh Guy"}, {"start": "00:33:23", "end": "00:33:25", "text": "from Coin Bureau and Ben from the"}, {"start": "00:33:24", "end": "00:33:27", "text": "Cryptoverse. We had some pretty good"}, {"start": "00:33:25", "end": "00:33:29", "text": "discussions today about what's going on"}, {"start": "00:33:27", "end": "00:33:31", "text": "in the market. We did a much shorter"}, {"start": "00:33:29", "end": "00:33:32", "text": "version of that. So, I got to link that"}, {"start": "00:33:31", "end": "00:33:33", "text": "as well. But that's it for today,"}, {"start": "00:33:32", "end": "00:33:34", "text": "everybody. Thanks so much for stopping"}, {"start": "00:33:33", "end": "00:33:36", "text": "by. I appreciate you and I'll see you"}, {"start": "00:33:34", "end": "00:33:39", "text": "guys on the next one. Have a great rest"}, {"start": "00:33:36", "end": "00:33:39", "text": "of your day."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Hello everyone. Welcome to the Wednesday"}, {"start": "00:00:02", "end": "00:00:08", "text": "live stream. So it looks like X Money"}, {"start": "00:00:06", "end": "00:00:10", "text": "just got rolled out for phase one. And I"}, {"start": "00:00:08", "end": "00:00:13", "text": "have to tell you on some parts it looks"}, {"start": "00:00:10", "end": "00:00:14", "text": "to be pretty impressive but other parts"}, {"start": "00:00:13", "end": "00:00:17", "text": "specifically as it pertains to"}, {"start": "00:00:14", "end": "00:00:20", "text": "cryptonial assets."}, {"start": "00:00:17", "end": "00:00:23", "text": "I am not impressed. So this is what we"}, {"start": "00:00:20", "end": "00:00:25", "text": "have so far. So this is Nikita Beir and"}, {"start": "00:00:23", "end": "00:00:28", "text": "he is the head of product over at X."}, {"start": "00:00:25", "end": "00:00:30", "text": "He's also an adviser to Sana. So, not"}, {"start": "00:00:28", "end": "00:00:32", "text": "surprising why uh different options were"}, {"start": "00:00:30", "end": "00:00:35", "text": "actually picked. This just rolled out"}, {"start": "00:00:32", "end": "00:00:37", "text": "last night and he states uh X has always"}, {"start": "00:00:35", "end": "00:00:40", "text": "been the best source of financial news."}, {"start": "00:00:37", "end": "00:00:44", "text": "Today, we're launching our new cash tags"}, {"start": "00:00:40", "end": "00:00:46", "text": "feature in the US and Canada. And we can"}, {"start": "00:00:44", "end": "00:00:48", "text": "take a look at it here. It's just this"}, {"start": "00:00:46", "end": "00:00:50", "text": "nice little"}, {"start": "00:00:48", "end": "00:00:52", "text": "roller coaster. Essentially what you can"}, {"start": "00:00:50", "end": "00:00:55", "text": "do is you can just put your hashtags"}, {"start": "00:00:52", "end": "00:00:57", "text": "like the num the money sign and then put"}, {"start": "00:00:55", "end": "00:01:00", "text": "in Tesla or the money sign and Bitcoin"}, {"start": "00:00:57", "end": "00:01:03", "text": "or the money sign and uh Solana or so"}, {"start": "00:01:00", "end": "00:01:05", "text": "and the money sign and say Nvidia and"}, {"start": "00:01:03", "end": "00:01:08", "text": "what you can do is you can do that right"}, {"start": "00:01:05", "end": "00:01:10", "text": "now in X and you can get"}, {"start": "00:01:08", "end": "00:01:12", "text": "yeah that's right some charts and then"}, {"start": "00:01:10", "end": "00:01:16", "text": "also you can take a look at like what's"}, {"start": "00:01:12", "end": "00:01:18", "text": "going on with that those particular uh"}, {"start": "00:01:16", "end": "00:01:22", "text": "assets with those particular tickers"}, {"start": "00:01:18", "end": "00:01:25", "text": "with those particular stocks. And this"}, {"start": "00:01:22", "end": "00:01:28", "text": "is cash tags as it pertains to what is"}, {"start": "00:01:25", "end": "00:01:31", "text": "being called X Money. And I took a look"}, {"start": "00:01:28", "end": "00:01:33", "text": "at it and I'm like, I don't get it. At"}, {"start": "00:01:31", "end": "00:01:38", "text": "first I'm like, I just don't I'm like,"}, {"start": "00:01:33", "end": "00:01:41", "text": "that's the big news. This is a nothing"}, {"start": "00:01:38", "end": "00:01:42", "text": "burger. And I went through it and I just"}, {"start": "00:01:41", "end": "00:01:45", "text": "did it for myself just to see if this"}, {"start": "00:01:42", "end": "00:01:47", "text": "was correct. And you can do it right"}, {"start": "00:01:45", "end": "00:01:48", "text": "now. This is available in United States"}, {"start": "00:01:47", "end": "00:01:50", "text": "and Canada. I'm not for sure if it's"}, {"start": "00:01:48", "end": "00:01:52", "text": "available everywhere, but that's what"}, {"start": "00:01:50", "end": "00:01:53", "text": "they state. And uh as I went through"}, {"start": "00:01:52", "end": "00:01:55", "text": "this, I just did a little quick little"}, {"start": "00:01:53", "end": "00:01:57", "text": "search here. I put in, okay, I'll put in"}, {"start": "00:01:55", "end": "00:01:59", "text": "uh Bitcoin. You I'm kind of partial to"}, {"start": "00:01:57", "end": "00:02:02", "text": "that. So, let's see what happens. And"}, {"start": "00:01:59", "end": "00:02:05", "text": "when I did it, I uh got this nice chart."}, {"start": "00:02:02", "end": "00:02:08", "text": "I'm like, well, that's something. And"}, {"start": "00:02:05", "end": "00:02:09", "text": "I'm like, okay, so I could do this on"}, {"start": "00:02:08", "end": "00:02:11", "text": "Coin Gecko. I can do this on Trading"}, {"start": "00:02:09", "end": "00:02:13", "text": "View. I can do this on any exchange. I"}, {"start": "00:02:11", "end": "00:02:15", "text": "just look at a chart, I guess. Sure. But"}, {"start": "00:02:13", "end": "00:02:16", "text": "then as you were going through it, you"}, {"start": "00:02:15", "end": "00:02:18", "text": "could click on like people. These are"}, {"start": "00:02:16", "end": "00:02:21", "text": "the people that are in line with"}, {"start": "00:02:18", "end": "00:02:24", "text": "Bitcoin, I suppose. There was only four."}, {"start": "00:02:21", "end": "00:02:27", "text": "Then there was videos from 2000 or"}, {"start": "00:02:24", "end": "00:02:29", "text": "January, some from October 29 and 25."}, {"start": "00:02:27", "end": "00:02:31", "text": "And I'm like, all right. Then I went to"}, {"start": "00:02:29", "end": "00:02:35", "text": "photos and there's some current ones"}, {"start": "00:02:31", "end": "00:02:37", "text": "from February, I guess, and also"}, {"start": "00:02:35", "end": "00:02:38", "text": "something from BSCN. So, I'm going"}, {"start": "00:02:37", "end": "00:02:41", "text": "through this and I'm like, okay, well,"}, {"start": "00:02:38", "end": "00:02:43", "text": "that's awesome. Uh, but again, why don't"}, {"start": "00:02:41", "end": "00:02:45", "text": "I just do a search option and just put"}, {"start": "00:02:43", "end": "00:02:48", "text": "in Bitcoin? And it's the same thing. top"}, {"start": "00:02:45", "end": "00:02:50", "text": "latest people video photos. So that was"}, {"start": "00:02:48", "end": "00:02:53", "text": "essentially it in a nutshell and I'm"}, {"start": "00:02:50", "end": "00:02:55", "text": "like I don't get it. And really what it"}, {"start": "00:02:53", "end": "00:02:56", "text": "comes down to is this. This is phase one"}, {"start": "00:02:55", "end": "00:03:00", "text": "as they roll things out. Now I'm going"}, {"start": "00:02:56", "end": "00:03:01", "text": "to be honest with you. I don't I'm very"}, {"start": "00:03:00", "end": "00:03:04", "text": "underwhelmed"}, {"start": "00:03:01", "end": "00:03:07", "text": "because I've heard a lot of promises in"}, {"start": "00:03:04", "end": "00:03:09", "text": "the digital asset space and there is you"}, {"start": "00:03:07", "end": "00:03:10", "text": "know like well this is just the first"}, {"start": "00:03:09", "end": "00:03:11", "text": "part and then we roll out number two"}, {"start": "00:03:10", "end": "00:03:12", "text": "we're actually going to have payments"}, {"start": "00:03:11", "end": "00:03:14", "text": "and we're going to actually go through"}, {"start": "00:03:12", "end": "00:03:15", "text": "banks and then we're going to actually"}, {"start": "00:03:14", "end": "00:03:16", "text": "have crypto and then we're going to"}, {"start": "00:03:15", "end": "00:03:18", "text": "actually have payments and then these"}, {"start": "00:03:16", "end": "00:03:18", "text": "payments are going to do a bunch of"}, {"start": "00:03:18", "end": "00:03:20", "text": "different things with traditional"}, {"start": "00:03:18", "end": "00:03:22", "text": "institutions like do you know how many"}, {"start": "00:03:20", "end": "00:03:24", "text": "speed bumps are on the way from what you"}, {"start": "00:03:22", "end": "00:03:26", "text": "are talking about today to what you"}, {"start": "00:03:24", "end": "00:03:29", "text": "could potentially do later I mean that's"}, {"start": "00:03:26", "end": "00:03:31", "text": "fantastic if it if it works. And let's"}, {"start": "00:03:29", "end": "00:03:32", "text": "hopefully it does. I'm hopeful, but uh"}, {"start": "00:03:31", "end": "00:03:34", "text": "I'm not going to be one of these people"}, {"start": "00:03:32", "end": "00:03:36", "text": "who are like rah rahawing everywhere and"}, {"start": "00:03:34", "end": "00:03:38", "text": "going this is the best thing of all"}, {"start": "00:03:36", "end": "00:03:39", "text": "time. It's not. It's the first phase."}, {"start": "00:03:38", "end": "00:03:41", "text": "Everybody should temper their"}, {"start": "00:03:39", "end": "00:03:43", "text": "expectations. It might be awesome. But I"}, {"start": "00:03:41", "end": "00:03:45", "text": "will say there are some really good"}, {"start": "00:03:43", "end": "00:03:46", "text": "things they're doing with the banks. And"}, {"start": "00:03:45", "end": "00:03:48", "text": "I got to tell you, it's not crypto that"}, {"start": "00:03:46", "end": "00:03:50", "text": "should be like, \"Oh, this is it's the"}, {"start": "00:03:48", "end": "00:03:54", "text": "banks that should be saying, hold on,"}, {"start": "00:03:50", "end": "00:03:56", "text": "wait for the Clarity Act. There's a big"}, {"start": "00:03:54", "end": "00:03:58", "text": "issue with stable coins. Now I got to"}, {"start": "00:03:56", "end": "00:04:00", "text": "compete with this and I'll tell you what"}, {"start": "00:03:58", "end": "00:04:05", "text": "I'm talking about in a second. So taking"}, {"start": "00:04:00", "end": "00:04:09", "text": "a look here again. Uh this was actually"}, {"start": "00:04:05", "end": "00:04:10", "text": "uh put out by Solana and they were all"}, {"start": "00:04:09", "end": "00:04:13", "text": "impressed because they're like hey"}, {"start": "00:04:10", "end": "00:04:14", "text": "Xashtags are here powered by Solana. And"}, {"start": "00:04:13", "end": "00:04:16", "text": "I'm like well that makes sense because"}, {"start": "00:04:14", "end": "00:04:19", "text": "Makita is one of the advisers for the"}, {"start": "00:04:16", "end": "00:04:23", "text": "Salana Foundation. However"}, {"start": "00:04:19", "end": "00:04:25", "text": "that's not true. This is from Victor. uh"}, {"start": "00:04:23", "end": "00:04:28", "text": "he's a big guy in uh in SUI as you can"}, {"start": "00:04:25", "end": "00:04:30", "text": "just obviously see here that he says hey"}, {"start": "00:04:28", "end": "00:04:32", "text": "this is from Grock uh you're you're"}, {"start": "00:04:30", "end": "00:04:34", "text": "right that smart cashs are not exclusive"}, {"start": "00:04:32", "end": "00:04:36", "text": "to Salana the feature is multi-asset it"}, {"start": "00:04:34", "end": "00:04:38", "text": "supports stocks major cryptos like"}, {"start": "00:04:36", "end": "00:04:40", "text": "Bitcoin Ethereum get that in a second"}, {"start": "00:04:38", "end": "00:04:42", "text": "tokens from various blockchains the"}, {"start": "00:04:40", "end": "00:04:46", "text": "overall smart cashs feature is built and"}, {"start": "00:04:42", "end": "00:04:48", "text": "rolled out by X it's not powered by"}, {"start": "00:04:46", "end": "00:04:50", "text": "Salana so you're going to see a lot of"}, {"start": "00:04:48", "end": "00:04:52", "text": "this is people are taking credit for it"}, {"start": "00:04:50", "end": "00:04:54", "text": "again temper your expectations because"}, {"start": "00:04:52", "end": "00:04:56", "text": "that's not really what's going on."}, {"start": "00:04:54", "end": "00:05:00", "text": "However,"}, {"start": "00:04:56", "end": "00:05:03", "text": "this is the good part. So, as we talk"}, {"start": "00:05:00", "end": "00:05:05", "text": "about it, this is actually good. What"}, {"start": "00:05:03", "end": "00:05:06", "text": "they are rolling out in stages, and this"}, {"start": "00:05:05", "end": "00:05:10", "text": "is why they got a money transmitter"}, {"start": "00:05:06", "end": "00:05:12", "text": "license across most of the 50 states in"}, {"start": "00:05:10", "end": "00:05:15", "text": "the in the US, and it's why it's"}, {"start": "00:05:12", "end": "00:05:16", "text": "already, I believe, available uh in"}, {"start": "00:05:15", "end": "00:05:20", "text": "Canada. This is what they're rolling"}, {"start": "00:05:16", "end": "00:05:22", "text": "out, a fiat wallet with 6% APY. Now, as"}, {"start": "00:05:20", "end": "00:05:23", "text": "I'm talking about this, I don't know"}, {"start": "00:05:22", "end": "00:05:25", "text": "where you're at. I'm personally in the"}, {"start": "00:05:23", "end": "00:05:28", "text": "States."}, {"start": "00:05:25", "end": "00:05:30", "text": "What bank do you have that gives you 6%"}, {"start": "00:05:28", "end": "00:05:32", "text": "APY where your cash is just sitting"}, {"start": "00:05:30", "end": "00:05:34", "text": "there? There's some savings accounts"}, {"start": "00:05:32", "end": "00:05:39", "text": "that can do pretty well, but they're"}, {"start": "00:05:34", "end": "00:05:42", "text": "usually on a non-continual basis and"}, {"start": "00:05:39", "end": "00:05:44", "text": "it's usually not that much for a"}, {"start": "00:05:42", "end": "00:05:45", "text": "extended period of time. So, you're"}, {"start": "00:05:44", "end": "00:05:47", "text": "telling me that they're going to roll"}, {"start": "00:05:45", "end": "00:05:50", "text": "this out? This is what they're saying at"}, {"start": "00:05:47", "end": "00:05:53", "text": "a 6% yield for all the cash that just"}, {"start": "00:05:50", "end": "00:05:56", "text": "sits there and they're going to get"}, {"start": "00:05:53", "end": "00:05:58", "text": "direct deposit. So again, think about"}, {"start": "00:05:56", "end": "00:06:00", "text": "this in your bank. There's a debit card"}, {"start": "00:05:58", "end": "00:06:01", "text": "with 3% cash back. That's pretty good."}, {"start": "00:06:00", "end": "00:06:04", "text": "Peer-to-peer payments with direct"}, {"start": "00:06:01", "end": "00:06:06", "text": "deposit. FDIC insured. This will prevent"}, {"start": "00:06:04", "end": "00:06:07", "text": "against the a lot of hassles, a lot of"}, {"start": "00:06:06", "end": "00:06:09", "text": "problems, especially for the crypto"}, {"start": "00:06:07", "end": "00:06:10", "text": "exchanges as crypto exchanges are"}, {"start": "00:06:09", "end": "00:06:12", "text": "rolling out and saying, \"Hey, keep your"}, {"start": "00:06:10", "end": "00:06:14", "text": "money here. We'll give you some yield.\""}, {"start": "00:06:12", "end": "00:06:17", "text": "And I'm telling you, don't fall for that"}, {"start": "00:06:14", "end": "00:06:22", "text": "trap. I did that in 2022. May never mind"}, {"start": "00:06:17", "end": "00:06:25", "text": "you. Voyager, Celsius, BlockFi, FTX,"}, {"start": "00:06:22", "end": "00:06:26", "text": "same thing. I am not keeping my money in"}, {"start": "00:06:25", "end": "00:06:29", "text": "an exchange. However, you do something"}, {"start": "00:06:26", "end": "00:06:31", "text": "like this with FDIC insurance through"}, {"start": "00:06:29", "end": "00:06:33", "text": "Cross River Bank, same bank as Coinbase"}, {"start": "00:06:31", "end": "00:06:36", "text": "and Stripe. I take a I take a gander at"}, {"start": "00:06:33", "end": "00:06:39", "text": "it. And then lastly, brokerage routering"}, {"start": "00:06:36", "end": "00:06:41", "text": "via Wealth Simple, which is already"}, {"start": "00:06:39", "end": "00:06:43", "text": "going for Canadians. So, I'm like, okay,"}, {"start": "00:06:41", "end": "00:06:46", "text": "if you can roll that out, cool. But as"}, {"start": "00:06:43", "end": "00:06:48", "text": "far as like for the Canadians,"}, {"start": "00:06:46", "end": "00:06:50", "text": "what are you talking about? Well, this"}, {"start": "00:06:48", "end": "00:06:53", "text": "is Wealth Simple. This is their website."}, {"start": "00:06:50", "end": "00:06:55", "text": "And as you can go through, they're"}, {"start": "00:06:53", "end": "00:06:58", "text": "already doing banking services in"}, {"start": "00:06:55", "end": "00:07:00", "text": "Canada. And"}, {"start": "00:06:58", "end": "00:07:02", "text": "they're doing trading. And it's not just"}, {"start": "00:07:00", "end": "00:07:04", "text": "trading"}, {"start": "00:07:02", "end": "00:07:06", "text": "simply."}, {"start": "00:07:04", "end": "00:07:08", "text": "You've got precious metals, you've got"}, {"start": "00:07:06", "end": "00:07:11", "text": "stocks, you've got ETFs. Oh, look at"}, {"start": "00:07:08", "end": "00:07:15", "text": "this. They've also got crypto trading."}, {"start": "00:07:11", "end": "00:07:17", "text": "Now again, do we do I need another"}, {"start": "00:07:15", "end": "00:07:21", "text": "exchange? Do I need another bank? I"}, {"start": "00:07:17", "end": "00:07:23", "text": "don't. I do not need that. However, I"}, {"start": "00:07:21", "end": "00:07:24", "text": "will tell you as far as like with X"}, {"start": "00:07:23", "end": "00:07:26", "text": "goes, and this is why I'm saying temp"}, {"start": "00:07:24", "end": "00:07:28", "text": "your expectations because this could"}, {"start": "00:07:26", "end": "00:07:30", "text": "fall apart between now and whenever they"}, {"start": "00:07:28", "end": "00:07:34", "text": "want to do everything perfectly."}, {"start": "00:07:30", "end": "00:07:38", "text": "Uh X has roughly 600 million monthly"}, {"start": "00:07:34", "end": "00:07:40", "text": "users. The lion share is in the US. Then"}, {"start": "00:07:38", "end": "00:07:41", "text": "you got Japan, Indonesia, India, UK,"}, {"start": "00:07:40", "end": "00:07:44", "text": "Germany, and so on and so forth. This is"}, {"start": "00:07:41", "end": "00:07:46", "text": "as of February 2025, so obviously that"}, {"start": "00:07:44", "end": "00:07:48", "text": "they probably have more. So if they can"}, {"start": "00:07:46", "end": "00:07:51", "text": "roll this out and they can put all these"}, {"start": "00:07:48", "end": "00:07:52", "text": "things together across all these"}, {"start": "00:07:51", "end": "00:07:54", "text": "different countries and all these"}, {"start": "00:07:52", "end": "00:07:57", "text": "different provinces and all these"}, {"start": "00:07:54", "end": "00:08:00", "text": "different territories, sounds awesome if"}, {"start": "00:07:57", "end": "00:08:03", "text": "they can get it done. Now, I'm rooting"}, {"start": "00:08:00", "end": "00:08:06", "text": "for them. I sure hope it works. But this"}, {"start": "00:08:03", "end": "00:08:08", "text": "is essentially what we have as far as X,"}, {"start": "00:08:06", "end": "00:08:11", "text": "what used to be called X payments, now"}, {"start": "00:08:08", "end": "00:08:13", "text": "it's X money. But if you're thinking"}, {"start": "00:08:11", "end": "00:08:16", "text": "about it, there's one caveat I didn't"}, {"start": "00:08:13", "end": "00:08:21", "text": "talk about, which was if we're talking"}, {"start": "00:08:16", "end": "00:08:23", "text": "about trading stocks and such, why would"}, {"start": "00:08:21", "end": "00:08:26", "text": "I just go to Robin Hood? Because it's"}, {"start": "00:08:23", "end": "00:08:28", "text": "just an app away, right? The great thing"}, {"start": "00:08:26", "end": "00:08:31", "text": "about apps is they want you to stay in"}, {"start": "00:08:28", "end": "00:08:33", "text": "the app. There is a super app in in"}, {"start": "00:08:31", "end": "00:08:35", "text": "China where they do everything from uh"}, {"start": "00:08:33", "end": "00:08:38", "text": "paying for groceries, uh getting Uber"}, {"start": "00:08:35", "end": "00:08:40", "text": "Pay or getting your Uber, getting your"}, {"start": "00:08:38", "end": "00:08:41", "text": "lift, uh paying your utilities, having"}, {"start": "00:08:40", "end": "00:08:43", "text": "it as a bank, and everything else. It's"}, {"start": "00:08:41", "end": "00:08:45", "text": "like a super app. That's what Elon Musk"}, {"start": "00:08:43", "end": "00:08:47", "text": "wants to do with X. So, if we're talking"}, {"start": "00:08:45", "end": "00:08:50", "text": "about stocks, why don't just go to Robin"}, {"start": "00:08:47", "end": "00:08:53", "text": "Hood? Well, what if you could do it 247"}, {"start": "00:08:50", "end": "00:08:55", "text": "365? That's pretty good, right? I'd like"}, {"start": "00:08:53", "end": "00:08:57", "text": "to trade if I'm a trader, do all those"}, {"start": "00:08:55", "end": "00:09:00", "text": "different crazy things that the traders"}, {"start": "00:08:57", "end": "00:09:03", "text": "do, longs and shorts and h whatever else"}, {"start": "00:09:00", "end": "00:09:06", "text": "they have going on. To do that, you"}, {"start": "00:09:03", "end": "00:09:08", "text": "would need to digitize those stocks. And"}, {"start": "00:09:06", "end": "00:09:10", "text": "you would need to do this as far as"}, {"start": "00:09:08", "end": "00:09:12", "text": "tokenization of real world assets. And"}, {"start": "00:09:10", "end": "00:09:16", "text": "if you could tokenize those assets, you"}, {"start": "00:09:12", "end": "00:09:17", "text": "could do it 3 24/7 365 on the X Money"}, {"start": "00:09:16", "end": "00:09:19", "text": "platform. That's why they didn't that's"}, {"start": "00:09:17", "end": "00:09:22", "text": "why they moved away from X payments"}, {"start": "00:09:19", "end": "00:09:24", "text": "because it's all about assets and money"}, {"start": "00:09:22", "end": "00:09:27", "text": "and payments. And if they can do that,"}, {"start": "00:09:24", "end": "00:09:31", "text": "which rail do you think they're going to"}, {"start": "00:09:27", "end": "00:09:34", "text": "put that on to tokenize all those said"}, {"start": "00:09:31", "end": "00:09:39", "text": "stocks, assets, precious metals, real"}, {"start": "00:09:34", "end": "00:09:40", "text": "estate, land, commodities?"}, {"start": "00:09:39", "end": "00:09:42", "text": "It's up for you to decide what that's"}, {"start": "00:09:40", "end": "00:09:45", "text": "going to be. But that's where we have, I"}, {"start": "00:09:42", "end": "00:09:46", "text": "think, a big win for crypto if they can"}, {"start": "00:09:45", "end": "00:09:49", "text": "do it. Anyhow, let me know what you"}, {"start": "00:09:46", "end": "00:09:53", "text": "think about that in the comments section"}, {"start": "00:09:49", "end": "00:09:56", "text": "and then uh just moving on."}, {"start": "00:09:53", "end": "00:09:58", "text": "Clarity Act. So, as we were talking"}, {"start": "00:09:56", "end": "00:10:00", "text": "about getting things done and moving"}, {"start": "00:09:58", "end": "00:10:02", "text": "things, it's not as smooth as you think."}, {"start": "00:10:00", "end": "00:10:04", "text": "I cannot tell you how many different"}, {"start": "00:10:02", "end": "00:10:06", "text": "posts I see about Clarity Act is coming."}, {"start": "00:10:04", "end": "00:10:08", "text": "It's almost here. It's going to happen."}, {"start": "00:10:06", "end": "00:10:10", "text": "Oh, it's it's it's it's already baked"}, {"start": "00:10:08", "end": "00:10:14", "text": "in. It's just about on the corner. And"}, {"start": "00:10:10", "end": "00:10:16", "text": "I'm like, okay. Well, no. Senate Banking"}, {"start": "00:10:14", "end": "00:10:17", "text": "Chair Tim Scott has not scheduled the"}, {"start": "00:10:16", "end": "00:10:20", "text": "crypto market structure bill for the"}, {"start": "00:10:17", "end": "00:10:23", "text": "week of April 20th. Senator Tom Tillis"}, {"start": "00:10:20", "end": "00:10:24", "text": "will release the final draft this week."}, {"start": "00:10:23", "end": "00:10:26", "text": "The last piece needed before the"}, {"start": "00:10:24", "end": "00:10:29", "text": "committee can call a markup. What's a"}, {"start": "00:10:26", "end": "00:10:31", "text": "markup? Markup is here in Congress. They"}, {"start": "00:10:29", "end": "00:10:33", "text": "can say, \"I don't like that part. I"}, {"start": "00:10:31", "end": "00:10:34", "text": "don't like how you said that. We need to"}, {"start": "00:10:33", "end": "00:10:35", "text": "change that. We need to change this. We"}, {"start": "00:10:34", "end": "00:10:37", "text": "need to change that. I don't like the"}, {"start": "00:10:35", "end": "00:10:39", "text": "language. I need to do this. My"}, {"start": "00:10:37", "end": "00:10:41", "text": "constituents aren't going to like that."}, {"start": "00:10:39", "end": "00:10:42", "text": "That's a markup.\""}, {"start": "00:10:41", "end": "00:10:44", "text": "Even when the bill must align with"}, {"start": "00:10:42", "end": "00:10:46", "text": "Senate Agriculture, they have to pass a"}, {"start": "00:10:44", "end": "00:10:48", "text": "60 vote Senate floor, which means they"}, {"start": "00:10:46", "end": "00:10:49", "text": "need the Democrats. Got to tell you, I"}, {"start": "00:10:48", "end": "00:10:52", "text": "don't know if the Democrats are into"}, {"start": "00:10:49", "end": "00:10:55", "text": "this, then reconcile with the House. If"}, {"start": "00:10:52", "end": "00:11:00", "text": "no markup is scheduled by April 25th,"}, {"start": "00:10:55", "end": "00:11:00", "text": "and that's if nobody objects,"}, {"start": "00:11:01", "end": "00:11:04", "text": "then they could have a vote on it. If"}, {"start": "00:11:02", "end": "00:11:06", "text": "not, remember this is the midterm."}, {"start": "00:11:04", "end": "00:11:10", "text": "Politics to kill the bill is a partisan"}, {"start": "00:11:06", "end": "00:11:13", "text": "cooperation dies entirely."}, {"start": "00:11:10", "end": "00:11:15", "text": "And off we go. Remember, revised draft"}, {"start": "00:11:13", "end": "00:11:17", "text": "formalized a major compromise banning"}, {"start": "00:11:15", "end": "00:11:18", "text": "stable coin yield while allowing"}, {"start": "00:11:17", "end": "00:11:20", "text": "rewards."}, {"start": "00:11:18", "end": "00:11:23", "text": "Coinbase then make a U-turn, officially"}, {"start": "00:11:20", "end": "00:11:26", "text": "endorsing the bill. In the end, one"}, {"start": "00:11:23", "end": "00:11:31", "text": "Democrat defe defection on the ethics"}, {"start": "00:11:26", "end": "00:11:33", "text": "language or one banking lobby push back"}, {"start": "00:11:31", "end": "00:11:38", "text": "on yield or one committee scheduled"}, {"start": "00:11:33", "end": "00:11:39", "text": "delay and the bill is DOA. So, I don't"}, {"start": "00:11:38", "end": "00:11:41", "text": "think it's going to go through. Let me"}, {"start": "00:11:39", "end": "00:11:42", "text": "know what you think about that in the"}, {"start": "00:11:41", "end": "00:11:44", "text": "comments section. Again, everybody said"}, {"start": "00:11:42", "end": "00:11:47", "text": "it was going to happen. I don't see it,"}, {"start": "00:11:44", "end": "00:11:49", "text": "but uh maybe not. And uh to finish up"}, {"start": "00:11:47", "end": "00:11:54", "text": "with politics, why not talk a little"}, {"start": "00:11:49", "end": "00:11:57", "text": "Donald Trump, huh? Because"}, {"start": "00:11:54", "end": "00:11:59", "text": "everybody seems to like to talk about"}, {"start": "00:11:57", "end": "00:12:01", "text": "the the world's famous lightning rod"}, {"start": "00:11:59", "end": "00:12:04", "text": "that is DJT. But this is actually good"}, {"start": "00:12:01", "end": "00:12:06", "text": "news. And he states this was actually"}, {"start": "00:12:04", "end": "00:12:08", "text": "today in the morning. And uh not a"}, {"start": "00:12:06", "end": "00:12:11", "text": "geopolitical"}, {"start": "00:12:08", "end": "00:12:13", "text": "pro, but this sounds pretty positive."}, {"start": "00:12:11", "end": "00:12:14", "text": "China is very happy that I am"}, {"start": "00:12:13", "end": "00:12:17", "text": "permanently opening the street of"}, {"start": "00:12:14", "end": "00:12:20", "text": "Hermoose. I'm doing it for them."}, {"start": "00:12:17", "end": "00:12:21", "text": "Debatable. And the world. This situation"}, {"start": "00:12:20", "end": "00:12:23", "text": "will never happen again. They have"}, {"start": "00:12:21", "end": "00:12:26", "text": "agreed not to send weapons to Iran."}, {"start": "00:12:23", "end": "00:12:28", "text": "President Xi will give me a big fat hug"}, {"start": "00:12:26", "end": "00:12:30", "text": "when I get there in a few few weeks."}, {"start": "00:12:28", "end": "00:12:31", "text": "We're working together. Doesn't this"}, {"start": "00:12:30", "end": "00:12:33", "text": "beat fighting? Remember, we're very good"}, {"start": "00:12:31", "end": "00:12:35", "text": "at fighting if we have to. Far better"}, {"start": "00:12:33", "end": "00:12:38", "text": "than anyone else. They say it's the"}, {"start": "00:12:35", "end": "00:12:39", "text": "best. They tell me it's everything. I'm"}, {"start": "00:12:38", "end": "00:12:42", "text": "just saying what people tell me. And"}, {"start": "00:12:39", "end": "00:12:45", "text": "that's President DJT. So, I ran this"}, {"start": "00:12:42", "end": "00:12:48", "text": "through my"}, {"start": "00:12:45", "end": "00:12:51", "text": "favorite TA analysis or Trump analysis"}, {"start": "00:12:48", "end": "00:12:53", "text": "for the post itself and it tells me that"}, {"start": "00:12:51", "end": "00:12:55", "text": "uh as far as like this post, it's for"}, {"start": "00:12:53", "end": "00:12:57", "text": "traditional stock markets, it's pretty"}, {"start": "00:12:55", "end": "00:12:59", "text": "big. 9.2 out of 10. Bitcoin and crypto"}, {"start": "00:12:57", "end": "00:13:02", "text": "six and a half out of 10. And global"}, {"start": "00:12:59", "end": "00:13:05", "text": "economy at large, 9.8 out of 10. And the"}, {"start": "00:13:02", "end": "00:13:07", "text": "overall rating for this post is 9.5 out"}, {"start": "00:13:05", "end": "00:13:10", "text": "of 10. Now, I have to tell you, I"}, {"start": "00:13:07", "end": "00:13:11", "text": "created this this AI tool and uh"}, {"start": "00:13:10", "end": "00:13:13", "text": "everything that Trump says is awesome."}, {"start": "00:13:11", "end": "00:13:16", "text": "So, don't take that with a with a grain"}, {"start": "00:13:13", "end": "00:13:17", "text": "of salt. But I will say that because of"}, {"start": "00:13:16", "end": "00:13:19", "text": "this post and maybe some other things"}, {"start": "00:13:17", "end": "00:13:23", "text": "going on in the background, we finally"}, {"start": "00:13:19", "end": "00:13:25", "text": "hit 7,000 on the S&P 500. So, maybe the"}, {"start": "00:13:23", "end": "00:13:26", "text": "uh AI tool I made is pretty good. I"}, {"start": "00:13:25", "end": "00:13:28", "text": "don't know. People say it's the best."}, {"start": "00:13:26", "end": "00:13:31", "text": "I'm not going to say it's not. It could"}, {"start": "00:13:28", "end": "00:13:33", "text": "be awesome. and we're at 7,021 and going"}, {"start": "00:13:31", "end": "00:13:36", "text": "up. And of course, the crypto digital"}, {"start": "00:13:33", "end": "00:13:37", "text": "asset space is uh looks like it's"}, {"start": "00:13:36", "end": "00:13:39", "text": "stable. I think probably somewhere"}, {"start": "00:13:37", "end": "00:13:41", "text": "around 745."}, {"start": "00:13:39", "end": "00:13:44", "text": "And uh things are looking pretty good in"}, {"start": "00:13:41", "end": "00:13:46", "text": "the markets themselves. So that's what's"}, {"start": "00:13:44", "end": "00:13:48", "text": "happening. We'll see how it all works"}, {"start": "00:13:46", "end": "00:13:50", "text": "out. But lastly, lastly before we get to"}, {"start": "00:13:48", "end": "00:13:54", "text": "Q&A, I just want to tell you I received"}, {"start": "00:13:50", "end": "00:13:56", "text": "this in my email today and it was from"}, {"start": "00:13:54", "end": "00:13:59", "text": "crypto.com. I just woke up and I was"}, {"start": "00:13:56", "end": "00:14:02", "text": "like, \"What the hell is this?"}, {"start": "00:13:59", "end": "00:14:04", "text": "And uh they gave me a verification code"}, {"start": "00:14:02", "end": "00:14:06", "text": "and I was like why do I did somebody"}, {"start": "00:14:04", "end": "00:14:09", "text": "hack me? And I'm looking at it and it"}, {"start": "00:14:06", "end": "00:14:12", "text": "says if this isn't your code call this"}, {"start": "00:14:09", "end": "00:14:15", "text": "number 866 blah blah blah. And I looked"}, {"start": "00:14:12", "end": "00:14:18", "text": "at I just clicked on from crypto.com and"}, {"start": "00:14:15", "end": "00:14:19", "text": "it was some stupid email whatever else."}, {"start": "00:14:18", "end": "00:14:21", "text": "But this is how they get you. This is"}, {"start": "00:14:19", "end": "00:14:23", "text": "how scammers get you when you're a"}, {"start": "00:14:21", "end": "00:14:24", "text": "little bit off your guard. And I want to"}, {"start": "00:14:23", "end": "00:14:26", "text": "remind everybody that everything is a"}, {"start": "00:14:24", "end": "00:14:27", "text": "scam. Everything I even just told you"}, {"start": "00:14:26", "end": "00:14:29", "text": "could be a scam. Don't trust me. I'm"}, {"start": "00:14:27", "end": "00:14:30", "text": "just some guy who's got a great green"}, {"start": "00:14:29", "end": "00:14:33", "text": "screen and a fantastic microphone"}, {"start": "00:14:30", "end": "00:14:35", "text": "talking to you about nonsense. But it"}, {"start": "00:14:33", "end": "00:14:37", "text": "could all be a scam. Treat it all as a"}, {"start": "00:14:35", "end": "00:14:39", "text": "scam and you'll be much better. And"}, {"start": "00:14:37", "end": "00:14:41", "text": "that's the big lesson for today. If"}, {"start": "00:14:39", "end": "00:14:44", "text": "you're looking for to help you out with"}, {"start": "00:14:41", "end": "00:14:46", "text": "scams, get a ledger. Get a tandem. Links"}, {"start": "00:14:44", "end": "00:14:48", "text": "in the description. I don't think I have"}, {"start": "00:14:46", "end": "00:14:49", "text": "one for ledger though. I'm sorry. I"}, {"start": "00:14:48", "end": "00:14:52", "text": "don't really use anymore. Tandem. And"}, {"start": "00:14:49", "end": "00:14:54", "text": "then also for custodial services, ITR"}, {"start": "00:14:52", "end": "00:14:56", "text": "obviously. I've got a big chunk over"}, {"start": "00:14:54", "end": "00:14:59", "text": "there because uh I like the"}, {"start": "00:14:56", "end": "00:15:00", "text": "institutional grade custody. And as a"}, {"start": "00:14:59", "end": "00:15:03", "text": "reminder, they don't just do custody."}, {"start": "00:15:00", "end": "00:15:06", "text": "You got to tell actually you up today uh"}, {"start": "00:15:03", "end": "00:15:08", "text": "to contribute to your retirement account"}, {"start": "00:15:06", "end": "00:15:11", "text": "that is a bunch of crypto which you can"}, {"start": "00:15:08", "end": "00:15:13", "text": "also as you know uh stake your"}, {"start": "00:15:11", "end": "00:15:15", "text": "retirement account crypto as it gains"}, {"start": "00:15:13", "end": "00:15:17", "text": "yield and everything else. Again, links"}, {"start": "00:15:15", "end": "00:15:19", "text": "in the description, call them directly,"}, {"start": "00:15:17", "end": "00:15:21", "text": "go from there. And that is it for today."}, {"start": "00:15:19", "end": "00:15:22", "text": "So, look, if you like today's video,"}, {"start": "00:15:21", "end": "00:15:24", "text": "give it a thumbs up. Consider"}, {"start": "00:15:22", "end": "00:15:26", "text": "subscribing where we talk about is"}, {"start": "00:15:24", "end": "00:15:28", "text": "timesensitive. Now, let's go into a"}, {"start": "00:15:26", "end": "00:15:30", "text": "little Q&A, which is the best part of"}, {"start": "00:15:28", "end": "00:15:33", "text": "the show, then we'll get going. Get out"}, {"start": "00:15:30", "end": "00:15:37", "text": "of here. All right."}, {"start": "00:15:33", "end": "00:15:39", "text": "What did I miss? Mary's here. Oh, that's"}, {"start": "00:15:37", "end": "00:15:41", "text": "a nice It's a nice design that uh"}, {"start": "00:15:39", "end": "00:15:45", "text": "Streamyard has."}, {"start": "00:15:41", "end": "00:15:50", "text": "Zoran says uh uh is is Elon using fiat"}, {"start": "00:15:45", "end": "00:15:52", "text": "or crypto? And um I was hoping that they"}, {"start": "00:15:50", "end": "00:15:55", "text": "would roll out some payments, but then I"}, {"start": "00:15:52", "end": "00:15:58", "text": "have to think about this like"}, {"start": "00:15:55", "end": "00:16:00", "text": "is anybody using crypto for payments?"}, {"start": "00:15:58", "end": "00:16:02", "text": "Just asking."}, {"start": "00:16:00", "end": "00:16:05", "text": "I don't think they are. Has anybody used"}, {"start": "00:16:02", "end": "00:16:07", "text": "Bitcoin for payments recently, the last"}, {"start": "00:16:05", "end": "00:16:09", "text": "year, two years? Oh, well, there was"}, {"start": "00:16:07", "end": "00:16:12", "text": "actually a nice little thing going on by"}, {"start": "00:16:09", "end": "00:16:14", "text": "block, but uh or Square, but is anybody"}, {"start": "00:16:12", "end": "00:16:15", "text": "using that for payments? And of course,"}, {"start": "00:16:14", "end": "00:16:19", "text": "people say, \"Well, remittance payments"}, {"start": "00:16:15", "end": "00:16:20", "text": "and and uh Wells Fargo and and different"}, {"start": "00:16:19", "end": "00:16:23", "text": "wire transfers are too expensive and for"}, {"start": "00:16:20", "end": "00:16:26", "text": "the world.\" I'm like, \"Yeah, I know, but"}, {"start": "00:16:23", "end": "00:16:29", "text": "who's using it here?\""}, {"start": "00:16:26", "end": "00:16:31", "text": "I don't know. I think uh I think it"}, {"start": "00:16:29", "end": "00:16:34", "text": "could be big"}, {"start": "00:16:31", "end": "00:16:40", "text": "if we could just do a lot of transfers,"}, {"start": "00:16:34", "end": "00:16:43", "text": "but uh Son's right. It's meh. It's me."}, {"start": "00:16:40", "end": "00:16:43", "text": "Okay."}, {"start": "00:16:44", "end": "00:16:49", "text": "And I think the WeChat rules. WeChat."}, {"start": "00:16:47", "end": "00:16:52", "text": "That's what it was. The super app in"}, {"start": "00:16:49", "end": "00:16:54", "text": "China. China."}, {"start": "00:16:52", "end": "00:16:56", "text": "Ryan says, \"I want my bank to be"}, {"start": "00:16:54", "end": "00:16:58", "text": "something I don't log into very often. I"}, {"start": "00:16:56", "end": "00:17:00", "text": "remember a few years back the Pope,"}, {"start": "00:16:58", "end": "00:17:01", "text": "Obama, Netanyahu"}, {"start": "00:17:00", "end": "00:17:03", "text": "sending Bitcoin scams from their"}, {"start": "00:17:01", "end": "00:17:05", "text": "accounts under centralized Twitter act.\""}, {"start": "00:17:03", "end": "00:17:07", "text": "I remember that, too. I, you know, for"}, {"start": "00:17:05", "end": "00:17:10", "text": "my I know people hate their bank and I"}, {"start": "00:17:07", "end": "00:17:12", "text": "know some people like when they were at"}, {"start": "00:17:10", "end": "00:17:14", "text": "that like, \"Wow, 6% API.\" And that's"}, {"start": "00:17:12", "end": "00:17:16", "text": "pretty damn good. Even as good as that"}, {"start": "00:17:14", "end": "00:17:19", "text": "is, I probably wouldn't change my bank."}, {"start": "00:17:16", "end": "00:17:22", "text": "I have the same bank forever, ever since"}, {"start": "00:17:19", "end": "00:17:25", "text": "I was in the army. It's USAA, but it's"}, {"start": "00:17:22", "end": "00:17:27", "text": "great. I have I have no problems with"}, {"start": "00:17:25", "end": "00:17:29", "text": "them. Very easy, very smooth. And you"}, {"start": "00:17:27", "end": "00:17:31", "text": "know, when you're with them for decades"}, {"start": "00:17:29", "end": "00:17:32", "text": "and decades and decades, makes a lot of"}, {"start": "00:17:31", "end": "00:17:34", "text": "sense. But I know a lot of people like,"}, {"start": "00:17:32", "end": "00:17:36", "text": "I hate my bank. Can't wait to go there."}, {"start": "00:17:34", "end": "00:17:38", "text": "And 6% APY is pretty good. And then I"}, {"start": "00:17:36", "end": "00:17:41", "text": "wonder what's going to happen when I do"}, {"start": "00:17:38", "end": "00:17:44", "text": "like uh for loans."}, {"start": "00:17:41", "end": "00:17:44", "text": "Yeah."}, {"start": "00:17:45", "end": "00:17:50", "text": "Paid my crypto taxes today and holy s"}, {"start": "00:17:48", "end": "00:17:52", "text": "does my a hurt? Yes, that's usually what"}, {"start": "00:17:50", "end": "00:17:54", "text": "happens. But that's good, Sequoia. That"}, {"start": "00:17:52", "end": "00:17:56", "text": "means that you had profits. So"}, {"start": "00:17:54", "end": "00:17:58", "text": "congratulations. A lot of people would"}, {"start": "00:17:56", "end": "00:18:02", "text": "just state we're tax loss harvesting a"}, {"start": "00:17:58", "end": "00:18:04", "text": "year ago. I mean before December 31st."}, {"start": "00:18:02", "end": "00:18:06", "text": "And Shakoya says don't forget Trump"}, {"start": "00:18:04", "end": "00:18:08", "text": "changes his mind. he'll create more cash"}, {"start": "00:18:06", "end": "00:18:10", "text": "for his dent. I don't know if he changes"}, {"start": "00:18:08", "end": "00:18:13", "text": "his mind. I think he's just good"}, {"start": "00:18:10", "end": "00:18:14", "text": "marketer and uh doesn't tell the whole"}, {"start": "00:18:13", "end": "00:18:19", "text": "story."}, {"start": "00:18:14", "end": "00:18:21", "text": "It's amazing to me how uh right before"}, {"start": "00:18:19", "end": "00:18:23", "text": "the markets open, usually on like a"}, {"start": "00:18:21", "end": "00:18:27", "text": "Sunday night, there's this like really"}, {"start": "00:18:23", "end": "00:18:29", "text": "good uh post about how things are going"}, {"start": "00:18:27", "end": "00:18:32", "text": "great and how we're going to be talking"}, {"start": "00:18:29", "end": "00:18:34", "text": "to somebody and that there's uh more"}, {"start": "00:18:32", "end": "00:18:36", "text": "negotiation set up and all of a sudden"}, {"start": "00:18:34", "end": "00:18:39", "text": "everything's fantastic"}, {"start": "00:18:36", "end": "00:18:41", "text": "and then it just changes again and then"}, {"start": "00:18:39", "end": "00:18:44", "text": "there's like not a great one as soon as"}, {"start": "00:18:41", "end": "00:18:47", "text": "the markets close. So, I think it's just"}, {"start": "00:18:44", "end": "00:18:49", "text": "now"}, {"start": "00:18:47", "end": "00:18:52", "text": "maybe that's a little manipulation. I'm"}, {"start": "00:18:49", "end": "00:18:54", "text": "not for sure."}, {"start": "00:18:52", "end": "00:18:55", "text": "And Drizz is right. Trump is right on"}, {"start": "00:18:54", "end": "00:18:58", "text": "the military and the war. Nobody wants"}, {"start": "00:18:55", "end": "00:19:01", "text": "to take on the US 100%."}, {"start": "00:18:58", "end": "00:19:01", "text": "100%."}, {"start": "00:19:02", "end": "00:19:07", "text": "Talk to uh the people in Venezuela."}, {"start": "00:19:06", "end": "00:19:10", "text": "They didn't know what the heck happened"}, {"start": "00:19:07", "end": "00:19:12", "text": "to them. We just I mean for Pete's sakes"}, {"start": "00:19:10", "end": "00:19:15", "text": "we kidnapped their president and it took"}, {"start": "00:19:12", "end": "00:19:19", "text": "like two hours and you want to go up"}, {"start": "00:19:15", "end": "00:19:19", "text": "against that. Good luck."}, {"start": "00:19:19", "end": "00:19:23", "text": "Good day Rob. How can you create a new"}, {"start": "00:19:21", "end": "00:19:25", "text": "vid to show people how to delegate to"}, {"start": "00:19:23", "end": "00:19:27", "text": "your ADA pool? Another reason I can't"}, {"start": "00:19:25", "end": "00:19:31", "text": "clearly follow. That's a great question"}, {"start": "00:19:27", "end": "00:19:36", "text": "which is good news. There is a link in"}, {"start": "00:19:31", "end": "00:19:36", "text": "the description and that link"}, {"start": "00:19:37", "end": "00:19:40", "text": "well"}, {"start": "00:19:45", "end": "00:19:49", "text": "take you to this website called Dan"}, {"start": "00:19:47", "end": "00:19:51", "text": "Teaches Crypto."}, {"start": "00:19:49", "end": "00:19:53", "text": "You should you might want to sign up for"}, {"start": "00:19:51", "end": "00:19:56", "text": "this. It's free. It's 100% free. It'll"}, {"start": "00:19:53", "end": "00:19:59", "text": "always be free. And I put this together"}, {"start": "00:19:56", "end": "00:20:01", "text": "to put all my best stuff moving forward,"}, {"start": "00:19:59", "end": "00:20:03", "text": "but it gives you a direct link actually"}, {"start": "00:20:01", "end": "00:20:06", "text": "to"}, {"start": "00:20:03", "end": "00:20:08", "text": "the ADA staking page, Cardino, which I"}, {"start": "00:20:06", "end": "00:20:11", "text": "have to tell you"}, {"start": "00:20:08", "end": "00:20:14", "text": "uh there was a great video today. Great"}, {"start": "00:20:11", "end": "00:20:17", "text": "video from uh from Charlie from Chuck"}, {"start": "00:20:14", "end": "00:20:20", "text": "Hoskinson. Charles Hoskinson as he lost"}, {"start": "00:20:17", "end": "00:20:24", "text": "his mind talking about Bitcoin"}, {"start": "00:20:20", "end": "00:20:25", "text": "maximalists and"}, {"start": "00:20:24", "end": "00:20:29", "text": "um"}, {"start": "00:20:25", "end": "00:20:30", "text": "and compute"}, {"start": "00:20:29", "end": "00:20:32", "text": "and it was just it was pretty much"}, {"start": "00:20:30", "end": "00:20:34", "text": "talking about how there's going to have"}, {"start": "00:20:32", "end": "00:20:35", "text": "to be a hard fork for Bitcoin. I know"}, {"start": "00:20:34", "end": "00:20:38", "text": "what you're thinking. You got to go"}, {"start": "00:20:35", "end": "00:20:39", "text": "watch it. It it was pretty good. uh"}, {"start": "00:20:38", "end": "00:20:42", "text": "quantum computing. I'm sorry, not"}, {"start": "00:20:39", "end": "00:20:44", "text": "compute, quantum computing. And there"}, {"start": "00:20:42", "end": "00:20:48", "text": "was a resolution that was put out. Well,"}, {"start": "00:20:44", "end": "00:20:50", "text": "first of all, when you go to this this"}, {"start": "00:20:48", "end": "00:20:51", "text": "website to delegate your Cardono,"}, {"start": "00:20:50", "end": "00:20:53", "text": "there's a video that's going to pop up."}, {"start": "00:20:51", "end": "00:20:54", "text": "It's like 14 minutes. It just takes you"}, {"start": "00:20:53", "end": "00:20:58", "text": "the whole process. It's very nice, very"}, {"start": "00:20:54", "end": "00:21:00", "text": "smooth. We have like 99.9% uptime."}, {"start": "00:20:58", "end": "00:21:01", "text": "We're the best. One of the best, the"}, {"start": "00:21:00", "end": "00:21:03", "text": "best of all time. People just tell me"}, {"start": "00:21:01", "end": "00:21:05", "text": "that we're the best. So, anyhow, you've"}, {"start": "00:21:03", "end": "00:21:07", "text": "got that. You can delegate your Cardano,"}, {"start": "00:21:05", "end": "00:21:09", "text": "but"}, {"start": "00:21:07", "end": "00:21:11", "text": "it comes down to like what Charles was"}, {"start": "00:21:09", "end": "00:21:15", "text": "talking about today was Bitcoin"}, {"start": "00:21:11", "end": "00:21:18", "text": "developer Jameson Lop published BIP 361,"}, {"start": "00:21:15", "end": "00:21:20", "text": "a postquantum migration proposal"}, {"start": "00:21:18", "end": "00:21:21", "text": "requires holders to move their coins,"}, {"start": "00:21:20", "end": "00:21:23", "text": "accuracies, and addresses. The plan"}, {"start": "00:21:21", "end": "00:21:26", "text": "would phase out legacy and shnore"}, {"start": "00:21:23", "end": "00:21:28", "text": "signatures"}, {"start": "00:21:26", "end": "00:21:31", "text": "and essentially it allows them to freeze"}, {"start": "00:21:28", "end": "00:21:34", "text": "the Bitcoin in particular wallets. It's"}, {"start": "00:21:31", "end": "00:21:36", "text": "pretty crazy. So, uh, if you're looking"}, {"start": "00:21:34", "end": "00:21:38", "text": "to"}, {"start": "00:21:36", "end": "00:21:41", "text": "watch a really entertaining video today,"}, {"start": "00:21:38", "end": "00:21:44", "text": "go to Charles Hoskinson's YouTube"}, {"start": "00:21:41", "end": "00:21:46", "text": "account and watch his most recent video"}, {"start": "00:21:44", "end": "00:21:51", "text": "on that. I haven't heard that guy drop"}, {"start": "00:21:46", "end": "00:21:55", "text": "that many fbombs in oh, quite a long"}, {"start": "00:21:51", "end": "00:21:57", "text": "time. And it was highly entertaining."}, {"start": "00:21:55", "end": "00:21:59", "text": "Really good stuff. But, and you know"}, {"start": "00:21:57", "end": "00:22:02", "text": "what, some of it, I mean, he wasn't"}, {"start": "00:21:59", "end": "00:22:04", "text": "wrong. That's what's great about it."}, {"start": "00:22:02", "end": "00:22:07", "text": "Speaking of great, USAA is great. They"}, {"start": "00:22:04", "end": "00:22:09", "text": "are great. DMs are open. USAA. Yeah,"}, {"start": "00:22:07", "end": "00:22:13", "text": "I'll take a sponsor."}, {"start": "00:22:09", "end": "00:22:17", "text": "Hey, trainer. Good to see you, man."}, {"start": "00:22:13", "end": "00:22:21", "text": "Trying to get P. It's my only fan site."}, {"start": "00:22:17", "end": "00:22:21", "text": "Uh, let's see."}, {"start": "00:22:22", "end": "00:22:27", "text": "And you taking any profits on alt right"}, {"start": "00:22:24", "end": "00:22:29", "text": "now? I should, that's for sure."}, {"start": "00:22:27", "end": "00:22:31", "text": "But, uh, I don't really have a whole"}, {"start": "00:22:29", "end": "00:22:33", "text": "ton. I mean, I still have my Binance,"}, {"start": "00:22:31", "end": "00:22:36", "text": "Ethereum, Salon, Tron, and some other"}, {"start": "00:22:33", "end": "00:22:39", "text": "stuff that I have, but uh no, not yet."}, {"start": "00:22:36", "end": "00:22:43", "text": "I'm just I always I still think that"}, {"start": "00:22:39", "end": "00:22:48", "text": "this year is a accumulation type of"}, {"start": "00:22:43", "end": "00:22:50", "text": "year. And uh we'll see if I'm wrong. But"}, {"start": "00:22:48", "end": "00:22:51", "text": "I will say, I mean, if the Clarity Act"}, {"start": "00:22:50", "end": "00:22:52", "text": "would have gone through, I don't think"}, {"start": "00:22:51", "end": "00:22:54", "text": "it's going to happen. Would have been"}, {"start": "00:22:52", "end": "00:22:56", "text": "great. Probably would have seen a big"}, {"start": "00:22:54", "end": "00:23:00", "text": "big pump for all coins. And then as X"}, {"start": "00:22:56", "end": "00:23:03", "text": "Money gets really up and running and uh"}, {"start": "00:23:00", "end": "00:23:05", "text": "whatever chain they build on, which I"}, {"start": "00:23:03", "end": "00:23:07", "text": "have to there's also one more thing I I"}, {"start": "00:23:05", "end": "00:23:08", "text": "neglected to tell everybody. I don't"}, {"start": "00:23:07", "end": "00:23:11", "text": "know why I forgot about this. I'm glad"}, {"start": "00:23:08", "end": "00:23:13", "text": "you stuck around. So, you know, we said"}, {"start": "00:23:11", "end": "00:23:15", "text": "that Sana was saying that uh they are"}, {"start": "00:23:13", "end": "00:23:18", "text": "powering cash tags and they're going to"}, {"start": "00:23:15", "end": "00:23:20", "text": "say they're going to power X money, but"}, {"start": "00:23:18", "end": "00:23:22", "text": "I just they just posted this like 20"}, {"start": "00:23:20", "end": "00:23:25", "text": "minutes ago. I don't understand. It's"}, {"start": "00:23:22", "end": "00:23:27", "text": "Solana and they just say XRP."}, {"start": "00:23:25", "end": "00:23:28", "text": "So, I don't know if there's like a"}, {"start": "00:23:27", "end": "00:23:31", "text": "partnership going on, but they always do"}, {"start": "00:23:28", "end": "00:23:36", "text": "wacky stuff like that. Wouldn't that be"}, {"start": "00:23:31", "end": "00:23:38", "text": "something? Salana and XRP merge. Woo!"}, {"start": "00:23:36", "end": "00:23:41", "text": "Talk about super payments."}, {"start": "00:23:38", "end": "00:23:44", "text": "Just saying. H We got to say bye to"}, {"start": "00:23:41", "end": "00:23:46", "text": "banks. I mean, with 6% yield and 3% cash"}, {"start": "00:23:44", "end": "00:23:49", "text": "back on debit card, that's pretty good."}, {"start": "00:23:46", "end": "00:23:52", "text": "I'll go with that. Got do my Bitcoin"}, {"start": "00:23:49", "end": "00:23:52", "text": "taxes."}, {"start": "00:23:52", "end": "00:23:57", "text": "I got a friend I invest with. Well, I I"}, {"start": "00:23:55", "end": "00:24:00", "text": "got a I got a prince from Nigeria. He he"}, {"start": "00:23:57", "end": "00:24:02", "text": "sends me emails all the time."}, {"start": "00:24:00", "end": "00:24:04", "text": "Yeah, you're welcome. Thanks for"}, {"start": "00:24:02", "end": "00:24:05", "text": "delegating with us. I appreciate it"}, {"start": "00:24:04", "end": "00:24:07", "text": "tremendously."}, {"start": "00:24:05", "end": "00:24:09", "text": "Cardano could be a big thing. You never"}, {"start": "00:24:07", "end": "00:24:11", "text": "know."}, {"start": "00:24:09", "end": "00:24:13", "text": "Nope. I'll stick the banks. Nothing"}, {"start": "00:24:11", "end": "00:24:18", "text": "wrong with that. If it's not If it's not"}, {"start": "00:24:13", "end": "00:24:18", "text": "broke for you, I'm the same way."}, {"start": "00:24:19", "end": "00:24:24", "text": "This guy looks like Rasputin. He does."}, {"start": "00:24:22", "end": "00:24:26", "text": "Thank you, Mary. Finally, someone"}, {"start": "00:24:24", "end": "00:24:27", "text": "acknowledged that I have a good or"}, {"start": "00:24:26", "end": "00:24:29", "text": "reasonably decent Donald Trump"}, {"start": "00:24:27", "end": "00:24:31", "text": "impression."}, {"start": "00:24:29", "end": "00:24:33", "text": "I tried to find NFA and DCA this week."}, {"start": "00:24:31", "end": "00:24:36", "text": "Yeah. Um I don't know about DCA and"}, {"start": "00:24:33", "end": "00:24:37", "text": "James and the crew, but uh not financial"}, {"start": "00:24:36", "end": "00:24:40", "text": "advice. We'll see what uh what's going"}, {"start": "00:24:37", "end": "00:24:43", "text": "to happen. Guy is over there doing like"}, {"start": "00:24:40", "end": "00:24:45", "text": "20 videos a day at Coin Bureau, I think."}, {"start": "00:24:43", "end": "00:24:48", "text": "And Ben's all over the place with"}, {"start": "00:24:45", "end": "00:24:50", "text": "different requests for interviews and"}, {"start": "00:24:48", "end": "00:24:53", "text": "his 20 kids that he's got running"}, {"start": "00:24:50", "end": "00:24:55", "text": "around. I don't know. So, we'll see."}, {"start": "00:24:53", "end": "00:24:58", "text": "What would Super Payments look like?"}, {"start": "00:24:55", "end": "00:24:58", "text": "That's a good question."}, {"start": "00:25:00", "end": "00:25:04", "text": "You know, it just be great for like for"}, {"start": "00:25:02", "end": "00:25:06", "text": "like you could go to one app and it"}, {"start": "00:25:04", "end": "00:25:08", "text": "doesn't matter which one you sign up"}, {"start": "00:25:06", "end": "00:25:09", "text": "with. It just goes to all of them,"}, {"start": "00:25:08", "end": "00:25:11", "text": "right? Like, do you have do you have"}, {"start": "00:25:09", "end": "00:25:14", "text": "Venmo? Do you have Aayache? Do you use"}, {"start": "00:25:11", "end": "00:25:16", "text": "Cash App? Do you use blah blah blah? And"}, {"start": "00:25:14", "end": "00:25:18", "text": "just one that you can go to and just"}, {"start": "00:25:16", "end": "00:25:21", "text": "bing bing bing bing. That's it. That'd"}, {"start": "00:25:18", "end": "00:25:21", "text": "be great."}, {"start": "00:25:21", "end": "00:25:28", "text": "Uh, James James would love if Salana and"}, {"start": "00:25:25", "end": "00:25:30", "text": "XRP did something together. The Salon"}, {"start": "00:25:28", "end": "00:25:33", "text": "Well, I think I would too because I own"}, {"start": "00:25:30", "end": "00:25:37", "text": "Salana. I don't own any XRP,"}, {"start": "00:25:33", "end": "00:25:38", "text": "but uh I mean that'd be great. Imagine"}, {"start": "00:25:37", "end": "00:25:40", "text": "those two. And like I talked about"}, {"start": "00:25:38", "end": "00:25:42", "text": "before, you know, the big companies as"}, {"start": "00:25:40", "end": "00:25:44", "text": "soon as they get big, they just start"}, {"start": "00:25:42", "end": "00:25:47", "text": "absorbing everything around them, right?"}, {"start": "00:25:44", "end": "00:25:51", "text": "We talked about uh Amazon"}, {"start": "00:25:47", "end": "00:25:54", "text": "and Sprouts or whatever"}, {"start": "00:25:51", "end": "00:25:56", "text": "whatever uh places that they have and"}, {"start": "00:25:54", "end": "00:25:58", "text": "then Meta and Facebook and they absorbed"}, {"start": "00:25:56", "end": "00:25:59", "text": "Instagram and all that stuff. Wouldn't"}, {"start": "00:25:58", "end": "00:26:02", "text": "that be great if Salon and XRP work"}, {"start": "00:25:59", "end": "00:26:04", "text": "together? That would be awesome, but"}, {"start": "00:26:02", "end": "00:26:08", "text": "it's not going to happen."}, {"start": "00:26:04", "end": "00:26:08", "text": "But maybe I'm wrong."}, {"start": "00:26:08", "end": "00:26:13", "text": "Salana and Su would be even better. How"}, {"start": "00:26:10", "end": "00:26:18", "text": "about Salana, SU, and XRP merging? How"}, {"start": "00:26:13", "end": "00:26:18", "text": "great would that be? And remember like"}, {"start": "00:26:18", "end": "00:26:22", "text": "a sweet is great."}, {"start": "00:26:22", "end": "00:26:28", "text": "What about Toncoin? That' be even"}, {"start": "00:26:25", "end": "00:26:28", "text": "fantastic."}, {"start": "00:26:28", "end": "00:26:34", "text": "And this is it. Superersized payments."}, {"start": "00:26:32", "end": "00:26:37", "text": "That's what X Money trying to do. So,"}, {"start": "00:26:34", "end": "00:26:39", "text": "but it's not just payments. It's about"}, {"start": "00:26:37", "end": "00:26:40", "text": "again staying within the app and doing"}, {"start": "00:26:39", "end": "00:26:44", "text": "everything within the app, making it a"}, {"start": "00:26:40", "end": "00:26:45", "text": "super app. And you guys know that, you"}, {"start": "00:26:44", "end": "00:26:47", "text": "know, like we talked about with these"}, {"start": "00:26:45", "end": "00:26:50", "text": "super apps. One of the things I talked"}, {"start": "00:26:47", "end": "00:26:53", "text": "about was ride sharing, Uber and Lyft."}, {"start": "00:26:50", "end": "00:26:55", "text": "You know, WeChat does it in China. Elon"}, {"start": "00:26:53", "end": "00:26:57", "text": "Musk wants it to be X wants to be a"}, {"start": "00:26:55", "end": "00:27:00", "text": "super app. You know, they just they're"}, {"start": "00:26:57", "end": "00:27:04", "text": "rolling out those robo taxis and most"}, {"start": "00:27:00", "end": "00:27:07", "text": "specifically in Austin, 80% of the robo"}, {"start": "00:27:04", "end": "00:27:10", "text": "taxis from Tesla uh don't have a safety"}, {"start": "00:27:07", "end": "00:27:13", "text": "driver. 80%. and they're just driving"}, {"start": "00:27:10", "end": "00:27:16", "text": "autonomously. And I the video I saw"}, {"start": "00:27:13", "end": "00:27:18", "text": "recently was it was a couple mile trip"}, {"start": "00:27:16", "end": "00:27:22", "text": "which would cost you I I would assume"}, {"start": "00:27:18", "end": "00:27:24", "text": "over 10 bucks maybe 15 on uh on Lift or"}, {"start": "00:27:22", "end": "00:27:27", "text": "Uber. It was like four bucks and there's"}, {"start": "00:27:24", "end": "00:27:29", "text": "no tipping that I saw. So I'm like well"}, {"start": "00:27:27", "end": "00:27:31", "text": "great that's just one more thing you put"}, {"start": "00:27:29", "end": "00:27:33", "text": "in the app. So now you have and then all"}, {"start": "00:27:31", "end": "00:27:35", "text": "it would be is like hey would you like"}, {"start": "00:27:33", "end": "00:27:38", "text": "to pay your electricity bills? How about"}, {"start": "00:27:35", "end": "00:27:40", "text": "your internet bills? Oh, Gre guess what?"}, {"start": "00:27:38", "end": "00:27:43", "text": "We see that you have fiber optico from"}, {"start": "00:27:40", "end": "00:27:44", "text": "Puerto Rico, Rob, in your X app, and"}, {"start": "00:27:43", "end": "00:27:48", "text": "you're paying that. How would you like"}, {"start": "00:27:44", "end": "00:27:51", "text": "to have another type of service?"}, {"start": "00:27:48", "end": "00:27:53", "text": "It's called Starlink, and we could beat"}, {"start": "00:27:51", "end": "00:27:55", "text": "the current price that you have and"}, {"start": "00:27:53", "end": "00:27:56", "text": "install Starlink for you, and you have"}, {"start": "00:27:55", "end": "00:27:57", "text": "better internet service. That sounds"}, {"start": "00:27:56", "end": "00:28:00", "text": "pretty good. And then all of a sudden,"}, {"start": "00:27:57", "end": "00:28:01", "text": "you got Starlink."}, {"start": "00:28:00", "end": "00:28:03", "text": "And then, of course, you go through the"}, {"start": "00:28:01", "end": "00:28:06", "text": "exchanges like, \"Hey, hey, we noticed"}, {"start": "00:28:03", "end": "00:28:09", "text": "that you're using Coinbase.\""}, {"start": "00:28:06", "end": "00:28:11", "text": "you know where this is going, right? Not"}, {"start": "00:28:09", "end": "00:28:13", "text": "that Coinbase is great or anything, but"}, {"start": "00:28:11", "end": "00:28:16", "text": "yeah, maybe that is the the endgame."}, {"start": "00:28:13", "end": "00:28:18", "text": "Unbelievable. We'll see. Any that's it"}, {"start": "00:28:16", "end": "00:28:20", "text": "for today. Uh thanks everybody for"}, {"start": "00:28:18", "end": "00:28:22", "text": "stopping by. I appreciate you. Like"}, {"start": "00:28:20", "end": "00:28:24", "text": "today's video, thumbs up, subscribe, and"}, {"start": "00:28:22", "end": "00:28:26", "text": "then definitely if you guys are looking"}, {"start": "00:28:24", "end": "00:28:29", "text": "for someone to watch, I highly, highly,"}, {"start": "00:28:26", "end": "00:28:31", "text": "highly recommend go watch Charles"}, {"start": "00:28:29", "end": "00:28:35", "text": "Hoskinson"}, {"start": "00:28:31", "end": "00:28:37", "text": "lose his mind over this new BIP"}, {"start": "00:28:35", "end": "00:28:39", "text": "proposal. And funny thing is, he's not"}, {"start": "00:28:37", "end": "00:28:41", "text": "wrong. That's it for today. Thanks"}, {"start": "00:28:39", "end": "00:28:43", "text": "everybody. See you in the next one."}, {"start": "00:28:41", "end": "00:28:43", "text": "Adios."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "So, Bitcoin and the crypto market is"}, {"start": "00:00:04", "end": "00:00:06", "text": "pumping, but the question you have to"}, {"start": "00:00:05", "end": "00:00:08", "text": "ask is why is this happening? Why is"}, {"start": "00:00:06", "end": "00:00:10", "text": "this happening right now? And is this"}, {"start": "00:00:08", "end": "00:00:12", "text": "going to continue? So, today's we can"}, {"start": "00:00:10", "end": "00:00:14", "text": "take a look, which I'm sure everybody's"}, {"start": "00:00:12", "end": "00:00:16", "text": "taking a look at their portfolio so far."}, {"start": "00:00:14", "end": "00:00:19", "text": "It's looking pretty good. I mean, we did"}, {"start": "00:00:16", "end": "00:00:21", "text": "breach above uh 74. We almost hit 75"}, {"start": "00:00:19", "end": "00:00:22", "text": "depending on what different uh current"}, {"start": "00:00:21", "end": "00:00:25", "text": "exchange that you're looking at. Oh, I"}, {"start": "00:00:22", "end": "00:00:28", "text": "take that back. 75,42, excuse me. I was"}, {"start": "00:00:25", "end": "00:00:30", "text": "thinking of 76,000 which I have to tell"}, {"start": "00:00:28", "end": "00:00:34", "text": "you is quite a magnificent run over the"}, {"start": "00:00:30", "end": "00:00:37", "text": "last seven days. As a reminder, we were"}, {"start": "00:00:34", "end": "00:00:40", "text": "almost below 70,000 just yesterday and"}, {"start": "00:00:37", "end": "00:00:42", "text": "today we almost hit 76K. And of course,"}, {"start": "00:00:40", "end": "00:00:44", "text": "across the board, we're seeing uh some"}, {"start": "00:00:42", "end": "00:00:46", "text": "really nice movements in the markets."}, {"start": "00:00:44", "end": "00:00:47", "text": "Now, it's not where we were at before."}, {"start": "00:00:46", "end": "00:00:50", "text": "We're not at all-time highs, but"}, {"start": "00:00:47", "end": "00:00:51", "text": "anything is a good thing, especially in"}, {"start": "00:00:50", "end": "00:00:53", "text": "the crypto market. A lot of things have"}, {"start": "00:00:51", "end": "00:00:56", "text": "to come together. But the question is,"}, {"start": "00:00:53", "end": "00:00:58", "text": "will this last? And as we take a look at"}, {"start": "00:00:56", "end": "00:01:00", "text": "this information, this data, I'm going"}, {"start": "00:00:58", "end": "00:01:03", "text": "to let you make your own mind up and"}, {"start": "00:01:00", "end": "00:01:05", "text": "we'll talk about in the Q&A. But I will"}, {"start": "00:01:03", "end": "00:01:07", "text": "say it's not just us. It is not"}, {"start": "00:01:05", "end": "00:01:10", "text": "regulated"}, {"start": "00:01:07", "end": "00:01:13", "text": "relegated to just the crypto asset"}, {"start": "00:01:10", "end": "00:01:16", "text": "market. The S&P 500 is almost hitting"}, {"start": "00:01:13", "end": "00:01:18", "text": "that mythical 7,000 and it's fluctuating"}, {"start": "00:01:16", "end": "00:01:20", "text": "quite uh back and forth. Now over this"}, {"start": "00:01:18", "end": "00:01:23", "text": "is over 24 hours, but if we just"}, {"start": "00:01:20", "end": "00:01:26", "text": "extrapolate this and go I say like a"}, {"start": "00:01:23", "end": "00:01:28", "text": "year or so, we're doing pretty good for"}, {"start": "00:01:26", "end": "00:01:31", "text": "this market. Even though we have all"}, {"start": "00:01:28", "end": "00:01:34", "text": "these unknowns, even though we have this"}, {"start": "00:01:31", "end": "00:01:35", "text": "AI bubble everybody keeps talking about"}, {"start": "00:01:34", "end": "00:01:37", "text": "about how everything's going to collapse"}, {"start": "00:01:35", "end": "00:01:39", "text": "and of course the housing market"}, {"start": "00:01:37", "end": "00:01:41", "text": "starting to collapse and and of course"}, {"start": "00:01:39", "end": "00:01:43", "text": "the inflation that's going on and World"}, {"start": "00:01:41", "end": "00:01:45", "text": "War III that is happening. Sometimes I"}, {"start": "00:01:43", "end": "00:01:46", "text": "think that uh people are just doomers"}, {"start": "00:01:45", "end": "00:01:48", "text": "and that's just pretty much how it is"}, {"start": "00:01:46", "end": "00:01:50", "text": "and they don't really see the uh they"}, {"start": "00:01:48", "end": "00:01:52", "text": "miss the forest for the trees. And I can"}, {"start": "00:01:50", "end": "00:01:54", "text": "tell you that S&P 500 is doing pretty"}, {"start": "00:01:52", "end": "00:01:57", "text": "good today. Doesn't mean it can't just"}, {"start": "00:01:54", "end": "00:02:01", "text": "change tomorrow. Also gold is doing"}, {"start": "00:01:57", "end": "00:02:04", "text": "great last 24 hours. Up 2% silver up"}, {"start": "00:02:01", "end": "00:02:06", "text": "almost wow almost 5% in 24 hours."}, {"start": "00:02:04", "end": "00:02:08", "text": "Platinum up almost two and palladium"}, {"start": "00:02:06", "end": "00:02:10", "text": "almost about a percentage point. So even"}, {"start": "00:02:08", "end": "00:02:12", "text": "the precious metals are doing good. So,"}, {"start": "00:02:10", "end": "00:02:14", "text": "why is this all happening across the"}, {"start": "00:02:12", "end": "00:02:15", "text": "board? Well, macro factors we'll get"}, {"start": "00:02:14", "end": "00:02:18", "text": "into, but people would say, \"Well, Rob,"}, {"start": "00:02:15", "end": "00:02:21", "text": "it's obvious. It's ETF flows.\" Not"}, {"start": "00:02:18", "end": "00:02:23", "text": "really. We take a look at the ETF flows"}, {"start": "00:02:21", "end": "00:02:26", "text": "for Bitcoin just yesterday. We had an"}, {"start": "00:02:23", "end": "00:02:28", "text": "outflow of 291 million. Now, Black"}, {"start": "00:02:26", "end": "00:02:31", "text": "Rockck did its thing at 34, but"}, {"start": "00:02:28", "end": "00:02:34", "text": "unfortunately, Fidelity took a huge dump"}, {"start": "00:02:31", "end": "00:02:36", "text": "on the market and withdrew 229 million."}, {"start": "00:02:34", "end": "00:02:38", "text": "Now, also Goldman Sachs is coming in,"}, {"start": "00:02:36", "end": "00:02:41", "text": "but they're not doing a spot or a"}, {"start": "00:02:38", "end": "00:02:44", "text": "futures ETF. It is pretty much a uh an"}, {"start": "00:02:41", "end": "00:02:46", "text": "adject type of ETF that is not"}, {"start": "00:02:44", "end": "00:02:49", "text": "dependent, but Goldman Sachs is getting"}, {"start": "00:02:46", "end": "00:02:52", "text": "in. So, hey, this could be a pretty good"}, {"start": "00:02:49", "end": "00:02:54", "text": "thing. Ethereum also as far as people"}, {"start": "00:02:52", "end": "00:02:58", "text": "say, well, it's the it's the flows. It's"}, {"start": "00:02:54", "end": "00:03:00", "text": "done okay, 8564 and only a poultry 9.5"}, {"start": "00:02:58", "end": "00:03:02", "text": "million, but it's had some outflows over"}, {"start": "00:03:00", "end": "00:03:04", "text": "the last uh two weeks or so. So, I don't"}, {"start": "00:03:02", "end": "00:03:06", "text": "see it as that much of a big thing. And"}, {"start": "00:03:04", "end": "00:03:09", "text": "then people would say, well, maybe it's"}, {"start": "00:03:06", "end": "00:03:11", "text": "the interest that is going on. Well, we"}, {"start": "00:03:09", "end": "00:03:13", "text": "take a look at and I like to take a look"}, {"start": "00:03:11", "end": "00:03:16", "text": "at interest. I mean, we know that uh you"}, {"start": "00:03:13", "end": "00:03:18", "text": "know, YouTube views and and uh X signups"}, {"start": "00:03:16", "end": "00:03:22", "text": "for"}, {"start": "00:03:18", "end": "00:03:24", "text": "uh decentralized platforms and uh"}, {"start": "00:03:22", "end": "00:03:26", "text": "different exchanges and influencers is"}, {"start": "00:03:24", "end": "00:03:27", "text": "down across the board. But uh this is a"}, {"start": "00:03:26", "end": "00:03:29", "text": "good one. This is on Ben's site and the"}, {"start": "00:03:27", "end": "00:03:31", "text": "cryptoverse if you want to check this"}, {"start": "00:03:29", "end": "00:03:32", "text": "out. A lot of good information. Links in"}, {"start": "00:03:31", "end": "00:03:35", "text": "the description. 10% off the first"}, {"start": "00:03:32", "end": "00:03:38", "text": "month. But if we take a look at this is"}, {"start": "00:03:35", "end": "00:03:39", "text": "search interest in Google and you can"}, {"start": "00:03:38", "end": "00:03:41", "text": "take a look at the terms that we're"}, {"start": "00:03:39", "end": "00:03:43", "text": "looking at. Bitcoin, Ethereum, altcoin,"}, {"start": "00:03:41", "end": "00:03:46", "text": "crypto, cryptocurrency. And this is this"}, {"start": "00:03:43", "end": "00:03:48", "text": "doesn't give us of course the monthly"}, {"start": "00:03:46", "end": "00:03:52", "text": "amount or daily amounts. It just gives"}, {"start": "00:03:48", "end": "00:03:54", "text": "us a an aggregate of how much by points"}, {"start": "00:03:52", "end": "00:03:56", "text": "or what kind of interest we have across"}, {"start": "00:03:54", "end": "00:03:59", "text": "a continuum from zero to 100. zero was"}, {"start": "00:03:56", "end": "00:04:01", "text": "essentially no interest and 100 is the"}, {"start": "00:03:59", "end": "00:04:03", "text": "most interest we've ever had in our"}, {"start": "00:04:01", "end": "00:04:05", "text": "entire lives for the search term that"}, {"start": "00:04:03", "end": "00:04:07", "text": "we're are laying out in this case"}, {"start": "00:04:05", "end": "00:04:10", "text": "Bitcoin and we can see that the most"}, {"start": "00:04:07", "end": "00:04:13", "text": "amount of interest we ever had in Google"}, {"start": "00:04:10", "end": "00:04:16", "text": "was the 1 of December 2017 and that is"}, {"start": "00:04:13", "end": "00:04:18", "text": "two weeks"}, {"start": "00:04:16", "end": "00:04:20", "text": "after I got into uh buying Bitcoin"}, {"start": "00:04:18", "end": "00:04:22", "text": "digital assets. Boy, those were good"}, {"start": "00:04:20", "end": "00:04:24", "text": "times. Everybody was going crazy and we"}, {"start": "00:04:22", "end": "00:04:27", "text": "get to see that as of today. I mean, as"}, {"start": "00:04:24", "end": "00:04:29", "text": "far as like search terms, it's uh one on"}, {"start": "00:04:27", "end": "00:04:30", "text": "the lower point. So, that's not really"}, {"start": "00:04:29", "end": "00:04:33", "text": "retails type of thing. We could take a"}, {"start": "00:04:30", "end": "00:04:36", "text": "look at Ethereum again, pretty low. I"}, {"start": "00:04:33", "end": "00:04:38", "text": "mean, 11 points. Altcoins, I think we"}, {"start": "00:04:36", "end": "00:04:40", "text": "topped out. Uh, wow, look at that. In"}, {"start": "00:04:38", "end": "00:04:42", "text": "2025, when everybody thought it was"}, {"start": "00:04:40", "end": "00:04:45", "text": "going to make all-time highs across the"}, {"start": "00:04:42", "end": "00:04:47", "text": "board, and some did, most did not. But,"}, {"start": "00:04:45", "end": "00:04:51", "text": "as of today, we're down in the dumps as"}, {"start": "00:04:47", "end": "00:04:54", "text": "well. crypto down in the dumps as far as"}, {"start": "00:04:51", "end": "00:04:55", "text": "search terms and cryptocurrency again"}, {"start": "00:04:54", "end": "00:04:57", "text": "pretty darn low. So, as far as like"}, {"start": "00:04:55", "end": "00:04:58", "text": "retail coming, I don't think that's what"}, {"start": "00:04:57", "end": "00:05:00", "text": "it is. That's not what pumped it. And"}, {"start": "00:04:58", "end": "00:05:03", "text": "then we can take a look at well, Micro"}, {"start": "00:05:00", "end": "00:05:05", "text": "Strategy bought. Oh, yeah. That was nice"}, {"start": "00:05:03", "end": "00:05:08", "text": "yesterday and they did a a nice sizable"}, {"start": "00:05:05", "end": "00:05:10", "text": "purchase. I I want to say 800 million or"}, {"start": "00:05:08", "end": "00:05:11", "text": "a billion dollars worth in one fell"}, {"start": "00:05:10", "end": "00:05:15", "text": "swoop. Correct me in the comments"}, {"start": "00:05:11", "end": "00:05:18", "text": "section. And they are almost at 800,000."}, {"start": "00:05:15", "end": "00:05:21", "text": "But again, that was uh over 24 hours, 48"}, {"start": "00:05:18", "end": "00:05:22", "text": "hours ago. So people would say, well, if"}, {"start": "00:05:21", "end": "00:05:25", "text": "it's not that, maybe it's the Clarity"}, {"start": "00:05:22", "end": "00:05:30", "text": "Act that's coming through. No, I will"}, {"start": "00:05:25", "end": "00:05:32", "text": "tell you right now that Clarity Act,"}, {"start": "00:05:30", "end": "00:05:33", "text": "I think, has a little bit way to go and"}, {"start": "00:05:32", "end": "00:05:35", "text": "I don't even know if it's actually going"}, {"start": "00:05:33", "end": "00:05:37", "text": "to come through. This was just a report"}, {"start": "00:05:35", "end": "00:05:40", "text": "that just uh spun off today. Clarity Act"}, {"start": "00:05:37", "end": "00:05:42", "text": "faces a two-week deadline as Senate"}, {"start": "00:05:40", "end": "00:05:44", "text": "gridlock and bank pressure threaten to"}, {"start": "00:05:42", "end": "00:05:47", "text": "freeze out"}, {"start": "00:05:44", "end": "00:05:49", "text": "until 2030. Coinbases Brian Armstrong"}, {"start": "00:05:47", "end": "00:05:50", "text": "flipped back to support after a Treasury"}, {"start": "00:05:49", "end": "00:05:52", "text": "push yet Senate banking still has moved."}, {"start": "00:05:50", "end": "00:05:55", "text": "And this is one thing that uh concerns"}, {"start": "00:05:52", "end": "00:05:57", "text": "me is that the banking sector as they"}, {"start": "00:05:55", "end": "00:06:00", "text": "come in and they are lobbying like crazy"}, {"start": "00:05:57", "end": "00:06:01", "text": "to senators, they're saying like look,"}, {"start": "00:06:00", "end": "00:06:03", "text": "we don't want a deal. We don't like"}, {"start": "00:06:01", "end": "00:06:04", "text": "this. We don't like having yield on"}, {"start": "00:06:03", "end": "00:06:07", "text": "stable coins. Brian Armstrong and"}, {"start": "00:06:04", "end": "00:06:09", "text": "Coinbase has pushed back and and you"}, {"start": "00:06:07", "end": "00:06:10", "text": "would think that the American public or"}, {"start": "00:06:09", "end": "00:06:12", "text": "people would actually voice their"}, {"start": "00:06:10", "end": "00:06:13", "text": "opinion, but apparently it's just"}, {"start": "00:06:12", "end": "00:06:14", "text": "bankers and exchanges going back and"}, {"start": "00:06:13", "end": "00:06:17", "text": "forth."}, {"start": "00:06:14", "end": "00:06:18", "text": "Unfortunately, the Clarity Act, which"}, {"start": "00:06:17", "end": "00:06:19", "text": "did advance with the House of"}, {"start": "00:06:18", "end": "00:06:23", "text": "Representatives here in the States in"}, {"start": "00:06:19", "end": "00:06:25", "text": "July of 2025, wow, that long ago,"}, {"start": "00:06:23", "end": "00:06:27", "text": "remains bogged down in the Senate amidst"}, {"start": "00:06:25", "end": "00:06:29", "text": "an intense lobbying war between"}, {"start": "00:06:27", "end": "00:06:30", "text": "traditions"}, {"start": "00:06:29", "end": "00:06:33", "text": "and digital asset sector over the"}, {"start": "00:06:30", "end": "00:06:34", "text": "treatment of yieldbearing stable coins."}, {"start": "00:06:33", "end": "00:06:37", "text": "And pretty much what it says here is"}, {"start": "00:06:34", "end": "00:06:39", "text": "this, if this doesn't go through that"}, {"start": "00:06:37", "end": "00:06:40", "text": "everything's going to get pushed out"}, {"start": "00:06:39", "end": "00:06:43", "text": "because we're in a midterm election"}, {"start": "00:06:40", "end": "00:06:46", "text": "year. And I personally don't see this"}, {"start": "00:06:43", "end": "00:06:48", "text": "going through. I know that goes against"}, {"start": "00:06:46", "end": "00:06:50", "text": "what people are saying, but I just have"}, {"start": "00:06:48", "end": "00:06:52", "text": "no faith in our government to actually"}, {"start": "00:06:50", "end": "00:06:55", "text": "do what the people actually want and in"}, {"start": "00:06:52", "end": "00:06:58", "text": "the best interest and for the positives."}, {"start": "00:06:55", "end": "00:07:01", "text": "I'm just a cynic anyhow. So, we don't"}, {"start": "00:06:58", "end": "00:07:05", "text": "see that's what it is. Well, maybe it's"}, {"start": "00:07:01", "end": "00:07:07", "text": "taxes because, you know, maybe there's a"}, {"start": "00:07:05", "end": "00:07:09", "text": "big push because if here in the States,"}, {"start": "00:07:07", "end": "00:07:13", "text": "we have until April 15th, which is"}, {"start": "00:07:09", "end": "00:07:15", "text": "tomorrow, to actually put our uh put our"}, {"start": "00:07:13", "end": "00:07:16", "text": "taxes in as far as a deadline. Now, me"}, {"start": "00:07:15", "end": "00:07:18", "text": "personally, I back for ask for an"}, {"start": "00:07:16", "end": "00:07:19", "text": "extension. So, I don't really do"}, {"start": "00:07:18", "end": "00:07:23", "text": "anything until November, just get the"}, {"start": "00:07:19", "end": "00:07:25", "text": "paperwork together. But however, uh this"}, {"start": "00:07:23", "end": "00:07:28", "text": "isn't the reason for a pump because"}, {"start": "00:07:25", "end": "00:07:32", "text": "people who have gotten their taxes back"}, {"start": "00:07:28", "end": "00:07:34", "text": "usually file in the very early part of"}, {"start": "00:07:32", "end": "00:07:35", "text": "the year get their tax refund and then"}, {"start": "00:07:34", "end": "00:07:39", "text": "spend it. Usually the people that have"}, {"start": "00:07:35", "end": "00:07:42", "text": "to pay are the ones that are holding off"}, {"start": "00:07:39", "end": "00:07:44", "text": "and they'll be paying tomorrow. So tax"}, {"start": "00:07:42", "end": "00:07:47", "text": "day triggers a short-term stock market"}, {"start": "00:07:44", "end": "00:07:49", "text": "sell-off as investors liquidate assets"}, {"start": "00:07:47", "end": "00:07:51", "text": "to cover tax bills, especially with the"}, {"start": "00:07:49", "end": "00:07:54", "text": "IRS increasing scrutiny. This period"}, {"start": "00:07:51", "end": "00:07:55", "text": "creates a common temporary dip with the"}, {"start": "00:07:54", "end": "00:07:58", "text": "market frequently rebounding the second"}, {"start": "00:07:55", "end": "00:07:59", "text": "half of April after the selling pressure"}, {"start": "00:07:58", "end": "00:08:01", "text": "passes. So I mean things are looking"}, {"start": "00:07:59", "end": "00:08:03", "text": "pretty good for the crypto market, for"}, {"start": "00:08:01", "end": "00:08:05", "text": "the S&P 500, for precious metals and"}, {"start": "00:08:03", "end": "00:08:06", "text": "everything in between. But I think"}, {"start": "00:08:05", "end": "00:08:08", "text": "because of taxes, we may see a little"}, {"start": "00:08:06", "end": "00:08:10", "text": "bit of a dip. So I don't think this is"}, {"start": "00:08:08", "end": "00:08:12", "text": "going to continue. Of course, I could be"}, {"start": "00:08:10", "end": "00:08:15", "text": "wrong. Now, of course, if you are having"}, {"start": "00:08:12", "end": "00:08:18", "text": "issues with uh taxes, which a lot of you"}, {"start": "00:08:15", "end": "00:08:21", "text": "are, I do myself, you can use the"}, {"start": "00:08:18", "end": "00:08:22", "text": "software that I use, Coin Ledger, link"}, {"start": "00:08:21", "end": "00:08:24", "text": "in the description. I think you get like"}, {"start": "00:08:22", "end": "00:08:27", "text": "10 or 20% off as well. So, if you're"}, {"start": "00:08:24", "end": "00:08:29", "text": "worried about taxes, use Coin Ledger."}, {"start": "00:08:27", "end": "00:08:33", "text": "And then lastly,"}, {"start": "00:08:29", "end": "00:08:36", "text": "the two big parts, macro and potential"}, {"start": "00:08:33", "end": "00:08:38", "text": "World War III."}, {"start": "00:08:36", "end": "00:08:40", "text": "macro's looking pretty good and I think"}, {"start": "00:08:38", "end": "00:08:44", "text": "this is a part of a a big reason or"}, {"start": "00:08:40", "end": "00:08:48", "text": "somewhat of a reason. So as far as today"}, {"start": "00:08:44", "end": "00:08:50", "text": "NFIB optimism index came in and"}, {"start": "00:08:48", "end": "00:08:52", "text": "previously it was at 98.8 now down a"}, {"start": "00:08:50", "end": "00:08:54", "text": "little bit which I can understand people"}, {"start": "00:08:52", "end": "00:08:57", "text": "are not very positive I can still say"}, {"start": "00:08:54", "end": "00:09:00", "text": "it's pretty impressive we're at 95.8 8."}, {"start": "00:08:57", "end": "00:09:02", "text": "Now the producer price index"}, {"start": "00:09:00", "end": "00:09:05", "text": "the producer price index not what we pay"}, {"start": "00:09:02", "end": "00:09:08", "text": "what the producers pay"}, {"start": "00:09:05", "end": "00:09:11", "text": "that's actually maintained and we were"}, {"start": "00:09:08", "end": "00:09:15", "text": "expecting maybe because of tariffs maybe"}, {"start": "00:09:11", "end": "00:09:17", "text": "because of potential world war II p all"}, {"start": "00:09:15", "end": "00:09:19", "text": "the different things the expectation was"}, {"start": "00:09:17", "end": "00:09:23", "text": "that the producer index would go up to"}, {"start": "00:09:19", "end": "00:09:27", "text": "1.1% but it stayed the exact same 0.5%"}, {"start": "00:09:23", "end": "00:09:30", "text": "core PPI core producer price index index"}, {"start": "00:09:27", "end": "00:09:33", "text": "went from 0.5 expectation was slight"}, {"start": "00:09:30", "end": "00:09:35", "text": "decline but we hit 0.2%. It's pretty"}, {"start": "00:09:33", "end": "00:09:38", "text": "good. So we're actually down. This is"}, {"start": "00:09:35", "end": "00:09:41", "text": "what the economy wants to see. Inflation"}, {"start": "00:09:38", "end": "00:09:43", "text": "not going up. However, producer price"}, {"start": "00:09:41", "end": "00:09:45", "text": "index year-over-year has increased and"}, {"start": "00:09:43", "end": "00:09:47", "text": "core PPI year-over-year has actually"}, {"start": "00:09:45", "end": "00:09:49", "text": "increased. So what does that mean? The"}, {"start": "00:09:47", "end": "00:09:52", "text": "producers have to pay a little bit more"}, {"start": "00:09:49", "end": "00:09:54", "text": "somewhat as opposed to in the last year"}, {"start": "00:09:52", "end": "00:09:56", "text": "or so. And as the producers pay a little"}, {"start": "00:09:54", "end": "00:09:58", "text": "bit more, sometimes that is passed off"}, {"start": "00:09:56", "end": "00:10:00", "text": "to the consumers. That's why we have the"}, {"start": "00:09:58", "end": "00:10:03", "text": "CPI. And because of that, you may see a"}, {"start": "00:10:00", "end": "00:10:05", "text": "little bit increase in prices. So macro,"}, {"start": "00:10:03", "end": "00:10:07", "text": "we're doing good right now."}, {"start": "00:10:05", "end": "00:10:09", "text": "Maybe those increase in prices will"}, {"start": "00:10:07", "end": "00:10:11", "text": "actually come through later on. So we'll"}, {"start": "00:10:09", "end": "00:10:13", "text": "see what actually happens. And then also"}, {"start": "00:10:11", "end": "00:10:16", "text": "as far as crypto, maybe it's because of"}, {"start": "00:10:13", "end": "00:10:17", "text": "what uh Nikita Beer said. Nikita is the"}, {"start": "00:10:16", "end": "00:10:19", "text": "head of product at X. He's also an"}, {"start": "00:10:17", "end": "00:10:22", "text": "adviser at Salana, which I got to tell"}, {"start": "00:10:19", "end": "00:10:23", "text": "you, I think there's like it's"}, {"start": "00:10:22", "end": "00:10:26", "text": "interesting that he's he's a head of"}, {"start": "00:10:23", "end": "00:10:27", "text": "product at X or what was called Twitter"}, {"start": "00:10:26", "end": "00:10:30", "text": "and now and he's also an adviser at"}, {"start": "00:10:27", "end": "00:10:32", "text": "Salana, venture partner at Lightseed,"}, {"start": "00:10:30", "end": "00:10:33", "text": "and he actually carries this uh this"}, {"start": "00:10:32", "end": "00:10:35", "text": "nice position. I don't know if that's a"}, {"start": "00:10:33", "end": "00:10:37", "text": "conflict of interest, but I got to tell"}, {"start": "00:10:35", "end": "00:10:38", "text": "you, maybe that's a reason why some"}, {"start": "00:10:37", "end": "00:10:43", "text": "people are holding so much Salana. Who"}, {"start": "00:10:38", "end": "00:10:46", "text": "knows? But he did state this was uh"}, {"start": "00:10:43", "end": "00:10:48", "text": "just yesterday, last night, and he"}, {"start": "00:10:46", "end": "00:10:50", "text": "states, \"Crypto has had a rough year."}, {"start": "00:10:48", "end": "00:10:54", "text": "Maybe we should launch something to fix"}, {"start": "00:10:50", "end": "00:10:56", "text": "it.\" Now, as we all know, XMoney is"}, {"start": "00:10:54", "end": "00:10:59", "text": "coming out. This is uh Elon's big thing."}, {"start": "00:10:56", "end": "00:11:01", "text": "He wants to make payments seamless and"}, {"start": "00:10:59", "end": "00:11:02", "text": "quite as easy as possible. Remember, he"}, {"start": "00:11:01", "end": "00:11:04", "text": "does have a little bit of a background"}, {"start": "00:11:02", "end": "00:11:06", "text": "in PayPal as he uh helped to create"}, {"start": "00:11:04", "end": "00:11:09", "text": "that, mold that company. Did a pretty"}, {"start": "00:11:06", "end": "00:11:12", "text": "great job. So with X money coming about,"}, {"start": "00:11:09", "end": "00:11:14", "text": "we know and it's been stated by Elon"}, {"start": "00:11:12", "end": "00:11:17", "text": "Musk and a host of other people such as"}, {"start": "00:11:14", "end": "00:11:19", "text": "William Shatner who got early access,"}, {"start": "00:11:17", "end": "00:11:21", "text": "it's only going to be cash. However,"}, {"start": "00:11:19", "end": "00:11:23", "text": "this is Nikita"}, {"start": "00:11:21", "end": "00:11:25", "text": "teasing potentially crypto being"}, {"start": "00:11:23", "end": "00:11:27", "text": "integrated. And if it's true, then"}, {"start": "00:11:25", "end": "00:11:29", "text": "that's huge. The question is, what's it"}, {"start": "00:11:27", "end": "00:11:31", "text": "going to be? Is it going to be Bitcoin,"}, {"start": "00:11:29", "end": "00:11:32", "text": "the Lightning Network, which all the"}, {"start": "00:11:31", "end": "00:11:34", "text": "Bitcoin maximalists like? I would love"}, {"start": "00:11:32", "end": "00:11:36", "text": "that personally. That'd be awesome. Is"}, {"start": "00:11:34", "end": "00:11:38", "text": "it going to be XRP? Which all the XRP"}, {"start": "00:11:36", "end": "00:11:40", "text": "people say, well, look, it's already"}, {"start": "00:11:38", "end": "00:11:42", "text": "called X. Why would they use XRP? And"}, {"start": "00:11:40", "end": "00:11:43", "text": "then of course people that are in stable"}, {"start": "00:11:42", "end": "00:11:45", "text": "coins and the rails that are stable"}, {"start": "00:11:43", "end": "00:11:48", "text": "coins like myself, I think myself, well,"}, {"start": "00:11:45", "end": "00:11:51", "text": "Nikita is a adviser at Solana, so why"}, {"start": "00:11:48", "end": "00:11:54", "text": "don't we just use Salana or maybe"}, {"start": "00:11:51", "end": "00:11:56", "text": "Ethereum or maybe BNB or maybe Tron,"}, {"start": "00:11:54", "end": "00:11:58", "text": "which is pretty much global as far as"}, {"start": "00:11:56", "end": "00:12:00", "text": "payment rails. We'll see what it is."}, {"start": "00:11:58", "end": "00:12:02", "text": "It's not going to happen anytime soon."}, {"start": "00:12:00", "end": "00:12:03", "text": "If it even happens, that's a nice little"}, {"start": "00:12:02", "end": "00:12:04", "text": "tease from Nikita, and that's what we"}, {"start": "00:12:03", "end": "00:12:07", "text": "have. But really what it comes down to"}, {"start": "00:12:04", "end": "00:12:10", "text": "is this. It's probably just as easy as"}, {"start": "00:12:07", "end": "00:12:12", "text": "just saying people are hopeful for"}, {"start": "00:12:10", "end": "00:12:15", "text": "what's going on in the Middle East,"}, {"start": "00:12:12", "end": "00:12:17", "text": "Iran, and the straight of Hormuz, and"}, {"start": "00:12:15", "end": "00:12:19", "text": "the talks that are going on. And it"}, {"start": "00:12:17", "end": "00:12:22", "text": "looks like there's a second round about"}, {"start": "00:12:19", "end": "00:12:25", "text": "to happen after peace talks collapsed"}, {"start": "00:12:22", "end": "00:12:27", "text": "this weekend. And this was two hours ago"}, {"start": "00:12:25", "end": "00:12:30", "text": "from the BBC. Oil prices continue to"}, {"start": "00:12:27", "end": "00:12:35", "text": "fall on hopes of new US Iran peace"}, {"start": "00:12:30", "end": "00:12:38", "text": "talks. So, Donald Trump, president"}, {"start": "00:12:35", "end": "00:12:39", "text": "stated that uh the blockade of Iran's"}, {"start": "00:12:38", "end": "00:12:42", "text": "ports after negotiations failed between"}, {"start": "00:12:39", "end": "00:12:46", "text": "the two sides of the weekend. He stated"}, {"start": "00:12:42", "end": "00:12:48", "text": "that Tran had contacted Washington about"}, {"start": "00:12:46", "end": "00:12:50", "text": "a potential agreement. And the statement"}, {"start": "00:12:48", "end": "00:12:52", "text": "is, \"I can tell you we've been called by"}, {"start": "00:12:50", "end": "00:12:55", "text": "the other side. They'd like to make a"}, {"start": "00:12:52", "end": "00:12:57", "text": "deal very badly. Very badly. They want"}, {"start": "00:12:55", "end": "00:13:00", "text": "to make this deal. It's going to"}, {"start": "00:12:57", "end": "00:13:02", "text": "happen.\" And comment from the post. News"}, {"start": "00:13:00", "end": "00:13:04", "text": "of a potential second round of talks has"}, {"start": "00:13:02", "end": "00:13:06", "text": "been helpful in soothing markets"}, {"start": "00:13:04", "end": "00:13:09", "text": "alongside the suggestion that Iran will"}, {"start": "00:13:06", "end": "00:13:12", "text": "not test the US blockade. Instead opting"}, {"start": "00:13:09", "end": "00:13:14", "text": "to pause shipments to avoid a military"}, {"start": "00:13:12", "end": "00:13:17", "text": "confrontation. And this is an ongoing"}, {"start": "00:13:14", "end": "00:13:19", "text": "story. I of course am not a political"}, {"start": "00:13:17", "end": "00:13:21", "text": "geopolitical expert. These are just the"}, {"start": "00:13:19", "end": "00:13:23", "text": "things that we see and it could be a big"}, {"start": "00:13:21", "end": "00:13:24", "text": "reason for what's going on. So let me"}, {"start": "00:13:23", "end": "00:13:25", "text": "know what you think about that in the"}, {"start": "00:13:24", "end": "00:13:27", "text": "comments section. I think it's pretty"}, {"start": "00:13:25", "end": "00:13:29", "text": "good. But I want to just show you one"}, {"start": "00:13:27", "end": "00:13:32", "text": "last thing"}, {"start": "00:13:29", "end": "00:13:35", "text": "and that is how things are playing out."}, {"start": "00:13:32", "end": "00:13:37", "text": "Now this is the reason why I like Ben"}, {"start": "00:13:35", "end": "00:13:41", "text": "site because it puts things in"}, {"start": "00:13:37", "end": "00:13:43", "text": "perspective. It's funny and tell me the"}, {"start": "00:13:41", "end": "00:13:46", "text": "truth how you feel about this. It feels"}, {"start": "00:13:43", "end": "00:13:48", "text": "like every time we get a nice rally like"}, {"start": "00:13:46", "end": "00:13:50", "text": "we had like almost 10% of a Bitcoin pump"}, {"start": "00:13:48", "end": "00:13:52", "text": "in seven days. It kind of feels like"}, {"start": "00:13:50", "end": "00:13:54", "text": "okay this is it. This is the one. This"}, {"start": "00:13:52", "end": "00:13:57", "text": "is where it gets turned around. Okay,"}, {"start": "00:13:54", "end": "00:13:59", "text": "maybe all that supply shock and the uh"}, {"start": "00:13:57", "end": "00:14:00", "text": "and ETF flows and liquidations and"}, {"start": "00:13:59", "end": "00:14:02", "text": "everything's active now. This is the"}, {"start": "00:14:00", "end": "00:14:03", "text": "time and you get into it. I've been"}, {"start": "00:14:02", "end": "00:14:05", "text": "around, this is my fourth cycle. I still"}, {"start": "00:14:03", "end": "00:14:10", "text": "get a little excited when things turn"}, {"start": "00:14:05", "end": "00:14:12", "text": "around this much, but unfortunately it's"}, {"start": "00:14:10", "end": "00:14:15", "text": "just the same thing on repeat. This is a"}, {"start": "00:14:12", "end": "00:14:17", "text": "Bitcoin market cycle peak to return"}, {"start": "00:14:15", "end": "00:14:20", "text": "return on investment going down. So the"}, {"start": "00:14:17", "end": "00:14:22", "text": "peak which you can't really I guess you"}, {"start": "00:14:20", "end": "00:14:26", "text": "can't see it here was roughly October 6,"}, {"start": "00:14:22", "end": "00:14:28", "text": "2025. I think we hit around 125 126,000."}, {"start": "00:14:26", "end": "00:14:32", "text": "Someone correct me in the comment"}, {"start": "00:14:28", "end": "00:14:35", "text": "section. And this was in October. And"}, {"start": "00:14:32", "end": "00:14:38", "text": "you get to see how much we've gone down"}, {"start": "00:14:35", "end": "00:14:42", "text": "as far as here."}, {"start": "00:14:38", "end": "00:14:44", "text": "I mean we almost went down. Yeah, we did"}, {"start": "00:14:42", "end": "00:14:47", "text": "50%. I think it was like 49.86%"}, {"start": "00:14:44", "end": "00:14:51", "text": "something. It's 50%. Let's round up. You"}, {"start": "00:14:47", "end": "00:14:52", "text": "You drop 50% in roughly four months."}, {"start": "00:14:51", "end": "00:14:54", "text": "November, December, January. Yeah,"}, {"start": "00:14:52", "end": "00:14:56", "text": "exactly four months, which was one of"}, {"start": "00:14:54", "end": "00:14:59", "text": "the longest times it took to drop"}, {"start": "00:14:56", "end": "00:15:03", "text": "because in 2018, it dropped 50% in like"}, {"start": "00:14:59", "end": "00:15:05", "text": "3 weeks. In 2022, it took roughly 6"}, {"start": "00:15:03", "end": "00:15:08", "text": "weeks to eight weeks. Now, it took four"}, {"start": "00:15:05", "end": "00:15:12", "text": "months. However, if we just line this up"}, {"start": "00:15:08", "end": "00:15:12", "text": "to the last cycle,"}, {"start": "00:15:13", "end": "00:15:20", "text": "and remember the last cycle started in"}, {"start": "00:15:16", "end": "00:15:23", "text": "the peak was in November. So, you got to"}, {"start": "00:15:20", "end": "00:15:26", "text": "shift this over one as far as for the"}, {"start": "00:15:23", "end": "00:15:29", "text": "what is this color? Fuchsia, purple, I"}, {"start": "00:15:26", "end": "00:15:31", "text": "don't know."}, {"start": "00:15:29", "end": "00:15:33", "text": "Not good with colors as you can tell."}, {"start": "00:15:31", "end": "00:15:36", "text": "But if we just shift this over like one"}, {"start": "00:15:33", "end": "00:15:37", "text": "month, it pretty much lines up with"}, {"start": "00:15:36", "end": "00:15:40", "text": "exactly where we're going. Just got to"}, {"start": "00:15:37", "end": "00:15:42", "text": "shift it over. And I know that there's a"}, {"start": "00:15:40", "end": "00:15:45", "text": "nice little pump right here, but this is"}, {"start": "00:15:42", "end": "00:15:47", "text": "what happened last time."}, {"start": "00:15:45", "end": "00:15:49", "text": "And it crashed. Everybody's like, \"Don't"}, {"start": "00:15:47", "end": "00:15:51", "text": "worry, diamond hands. You're going to"}, {"start": "00:15:49", "end": "00:15:54", "text": "make it.\" And see, bro, it's pumping."}, {"start": "00:15:51", "end": "00:15:57", "text": "And then blah blah and it drops down"}, {"start": "00:15:54", "end": "00:16:00", "text": "again. And that was just uh 2022. Let me"}, {"start": "00:15:57", "end": "00:16:03", "text": "show you 2018. H good lord. This was"}, {"start": "00:16:00", "end": "00:16:05", "text": "mine, my generation."}, {"start": "00:16:03", "end": "00:16:06", "text": "And you know, we could we get down here."}, {"start": "00:16:05", "end": "00:16:09", "text": "Don't worry, bro. Don't worry, bro."}, {"start": "00:16:06", "end": "00:16:10", "text": "Diamond hands. It's the Chinese New Year"}, {"start": "00:16:09", "end": "00:16:12", "text": "and that's what they're doing. And of"}, {"start": "00:16:10", "end": "00:16:14", "text": "course, you know, taxes are coming up"}, {"start": "00:16:12", "end": "00:16:16", "text": "and then blah blah blah blah. And it's"}, {"start": "00:16:14", "end": "00:16:18", "text": "the same thing happening over and over"}, {"start": "00:16:16", "end": "00:16:21", "text": "again. And I we could be wrong, but"}, {"start": "00:16:18", "end": "00:16:24", "text": "that's where I see things going. So,"}, {"start": "00:16:21", "end": "00:16:25", "text": "don't get too bullish. I don't want to"}, {"start": "00:16:24", "end": "00:16:27", "text": "rain on anybody's parade. I just want to"}, {"start": "00:16:25", "end": "00:16:30", "text": "keep thing a little bit legitimate and"}, {"start": "00:16:27", "end": "00:16:31", "text": "not give everybody too much hope."}, {"start": "00:16:30", "end": "00:16:33", "text": "That's what happened last time. Could"}, {"start": "00:16:31", "end": "00:16:34", "text": "happen again. There's too many things"}, {"start": "00:16:33", "end": "00:16:36", "text": "going on for me to say this is going to"}, {"start": "00:16:34", "end": "00:16:40", "text": "keep going on. But I will say one thing"}, {"start": "00:16:36", "end": "00:16:40", "text": "I do know."}, {"start": "00:16:41", "end": "00:16:48", "text": "It is this KCoin has got to go."}, {"start": "00:16:46", "end": "00:16:50", "text": "I don't know if you're using it and this"}, {"start": "00:16:48", "end": "00:16:52", "text": "is all allegedly, so don't sue me,"}, {"start": "00:16:50", "end": "00:16:53", "text": "Kcoin,"}, {"start": "00:16:52", "end": "00:16:56", "text": "but"}, {"start": "00:16:53", "end": "00:16:58", "text": "you guys have done a lot of laundering"}, {"start": "00:16:56", "end": "00:17:00", "text": "of money. Instead of software as a"}, {"start": "00:16:58", "end": "00:17:03", "text": "service, you're doing laundry as a"}, {"start": "00:17:00", "end": "00:17:07", "text": "service. And it's not just me saying"}, {"start": "00:17:03", "end": "00:17:09", "text": "this and calling you out. It's Zach XBT."}, {"start": "00:17:07", "end": "00:17:11", "text": "And as a quick reminder to go back into"}, {"start": "00:17:09", "end": "00:17:13", "text": "time,"}, {"start": "00:17:11", "end": "00:17:16", "text": "uh this just happened uh April 8th,"}, {"start": "00:17:13", "end": "00:17:18", "text": "2026. The CFT settles with Kcoin for"}, {"start": "00:17:16", "end": "00:17:18", "text": "500,000."}, {"start": "00:17:18", "end": "00:17:20", "text": "And you're thinking to yourself, well,"}, {"start": "00:17:18", "end": "00:17:22", "text": "500,000, that's it's laughable, Rob."}, {"start": "00:17:20", "end": "00:17:25", "text": "It's it's what I have in my couch"}, {"start": "00:17:22", "end": "00:17:27", "text": "cushions. Just wait."}, {"start": "00:17:25", "end": "00:17:28", "text": "CIBC settles a KC coin for 500,000"}, {"start": "00:17:27", "end": "00:17:30", "text": "despite alleged anti-moneyaundering"}, {"start": "00:17:28", "end": "00:17:34", "text": "violations. The 500,000 penalty stands"}, {"start": "00:17:30", "end": "00:17:36", "text": "in contrast to the 100 million and 1"}, {"start": "00:17:34", "end": "00:17:39", "text": "billion plus civil monetary penalties"}, {"start": "00:17:36", "end": "00:17:41", "text": "the CFTC imposed in two prior"}, {"start": "00:17:39", "end": "00:17:44", "text": "enforcement actions involving similar"}, {"start": "00:17:41", "end": "00:17:46", "text": "AML failures. CBC did not seek separate"}, {"start": "00:17:44", "end": "00:17:50", "text": "disgorgement from Kcoin reason that had"}, {"start": "00:17:46", "end": "00:17:53", "text": "it already required to forfeit 184.5"}, {"start": "00:17:50", "end": "00:17:55", "text": "million in the DOJ criminal action in"}, {"start": "00:17:53", "end": "00:17:58", "text": "the DOJ indictment and that the"}, {"start": "00:17:55", "end": "00:18:00", "text": "forfeiture represented 100% of the fees"}, {"start": "00:17:58", "end": "00:18:02", "text": "that KCoin earned from US users. So if"}, {"start": "00:18:00", "end": "00:18:03", "text": "they just use that for just US users"}, {"start": "00:18:02", "end": "00:18:05", "text": "globally they probably did a pretty good"}, {"start": "00:18:03", "end": "00:18:08", "text": "job and that's the cost of doing"}, {"start": "00:18:05", "end": "00:18:12", "text": "business. Unfortunately they keep doing"}, {"start": "00:18:08", "end": "00:18:14", "text": "the same things and this has to stop. I"}, {"start": "00:18:12", "end": "00:18:16", "text": "know people will say, \"Well, that's the"}, {"start": "00:18:14", "end": "00:18:19", "text": "beauty of decentralized ledger.\" You're"}, {"start": "00:18:16", "end": "00:18:21", "text": "right. But if when this happens to you,"}, {"start": "00:18:19", "end": "00:18:22", "text": "I'd like to see you come on the show and"}, {"start": "00:18:21", "end": "00:18:25", "text": "go, you know what? I lost my life"}, {"start": "00:18:22", "end": "00:18:28", "text": "savings and I am okay with it because it"}, {"start": "00:18:25", "end": "00:18:30", "text": "is decentralized and I am okay with"}, {"start": "00:18:28", "end": "00:18:33", "text": "everybody just kind of doing what they"}, {"start": "00:18:30", "end": "00:18:37", "text": "do and I'll make it all back. Good luck."}, {"start": "00:18:33", "end": "00:18:38", "text": "So with this one, Zack XBT says to a"}, {"start": "00:18:37", "end": "00:18:40", "text": "post, \"Hey, you want to explain to the"}, {"start": "00:18:38", "end": "00:18:42", "text": "community when why Coin allowed a threat"}, {"start": "00:18:40", "end": "00:18:44", "text": "actor to launder $9 and a half million"}, {"start": "00:18:42", "end": "00:18:46", "text": "dollars tied to a fake Ledger app, which"}, {"start": "00:18:44", "end": "00:18:50", "text": "we covered yesterday, actually slipped"}, {"start": "00:18:46", "end": "00:18:52", "text": "through the uh Apple App Store via 150"}, {"start": "00:18:50", "end": "00:18:53", "text": "plus KCoin deposit addresses. A few days"}, {"start": "00:18:52", "end": "00:18:55", "text": "before that, another threat actor"}, {"start": "00:18:53", "end": "00:18:56", "text": "launched three and a half million from"}, {"start": "00:18:55", "end": "00:18:58", "text": "the Bitcoin Depot incident. I don't know"}, {"start": "00:18:56", "end": "00:19:01", "text": "what that was actually. Via 25 plus"}, {"start": "00:18:58", "end": "00:19:03", "text": "CCoin deposit addresses. You've enabled"}, {"start": "00:19:01", "end": "00:19:07", "text": "instant exchanges abusing KYC entities"}, {"start": "00:19:03", "end": "00:19:09", "text": "like Audio Audi A6, a centralized mixer"}, {"start": "00:19:07", "end": "00:19:12", "text": "for illicit actors. KCO deserves to have"}, {"start": "00:19:09", "end": "00:19:14", "text": "regulators come after its business once"}, {"start": "00:19:12", "end": "00:19:17", "text": "again. Which I got to tell you,"}, {"start": "00:19:14", "end": "00:19:20", "text": "regulation and and crypto, not too many"}, {"start": "00:19:17", "end": "00:19:21", "text": "words that we see that go together quite"}, {"start": "00:19:20", "end": "00:19:24", "text": "nicely. And some days, I got to tell"}, {"start": "00:19:21", "end": "00:19:27", "text": "you, I miss Gary."}, {"start": "00:19:24", "end": "00:19:29", "text": "Gary, it wasn't so bad. And Zach puts it"}, {"start": "00:19:27", "end": "00:19:30", "text": "together as he always does and goes"}, {"start": "00:19:29", "end": "00:19:31", "text": "right here. And then this I thought was"}, {"start": "00:19:30", "end": "00:19:36", "text": "pretty funny. I don't know if this is"}, {"start": "00:19:31", "end": "00:19:39", "text": "true, but this was the the KYC photo uh"}, {"start": "00:19:36", "end": "00:19:41", "text": "that was used. I think this is a joke."}, {"start": "00:19:39", "end": "00:19:45", "text": "I'm not for sure, but it's very funny."}, {"start": "00:19:41", "end": "00:19:46", "text": "Uh KYC and AML, which KYC I think is not"}, {"start": "00:19:45", "end": "00:19:49", "text": "know your customer. It's know your"}, {"start": "00:19:46", "end": "00:19:53", "text": "children apparently. So they've got to"}, {"start": "00:19:49", "end": "00:19:55", "text": "go. I can't stand laundering of money"}, {"start": "00:19:53", "end": "00:19:57", "text": "and hackers and people lose everything."}, {"start": "00:19:55", "end": "00:19:59", "text": "I think it's a travesty. I think that's"}, {"start": "00:19:57", "end": "00:20:02", "text": "one of the reason"}, {"start": "00:19:59", "end": "00:20:03", "text": "retail has decided to forego us for"}, {"start": "00:20:02", "end": "00:20:05", "text": "quite some time. So, we're going to need"}, {"start": "00:20:03", "end": "00:20:06", "text": "to clean up our own industry and that's"}, {"start": "00:20:05", "end": "00:20:08", "text": "where I see things. And that's it for"}, {"start": "00:20:06", "end": "00:20:09", "text": "today. So, look, you like today's video,"}, {"start": "00:20:08", "end": "00:20:11", "text": "give it a thumbs up, consider"}, {"start": "00:20:09", "end": "00:20:14", "text": "subscribing. We talk about it's"}, {"start": "00:20:11", "end": "00:20:16", "text": "relatively timesensitive. Now, let's get"}, {"start": "00:20:14", "end": "00:20:18", "text": "into a little uh Q&A, answer all your"}, {"start": "00:20:16", "end": "00:20:22", "text": "questions, and uh we'll go from there."}, {"start": "00:20:18", "end": "00:20:24", "text": "So, let's do it. Uh Omni, one of the"}, {"start": "00:20:22", "end": "00:20:28", "text": "first"}, {"start": "00:20:24", "end": "00:20:30", "text": "comments today was I was right on Iran"}, {"start": "00:20:28", "end": "00:20:31", "text": "trading oil and Bitcoin. The blockade"}, {"start": "00:20:30", "end": "00:20:34", "text": "cuts this off. In my opinion, we'll see"}, {"start": "00:20:31", "end": "00:20:36", "text": "a sharp decline soon. There was a story"}, {"start": "00:20:34", "end": "00:20:40", "text": "going around about in the straight of"}, {"start": "00:20:36", "end": "00:20:44", "text": "Hormuse where they were actually uh Iran"}, {"start": "00:20:40", "end": "00:20:47", "text": "was was actually collecting payment. At"}, {"start": "00:20:44", "end": "00:20:50", "text": "first it was well not US dollars. First"}, {"start": "00:20:47", "end": "00:20:55", "text": "it was the uh Chinese yuan, the currency"}, {"start": "00:20:50", "end": "00:20:58", "text": "in China. China and uh then there was"}, {"start": "00:20:55", "end": "00:21:00", "text": "talk about they were using tether which"}, {"start": "00:20:58", "end": "00:21:02", "text": "I like that's great. Tether on the Tron"}, {"start": "00:21:00", "end": "00:21:05", "text": "rails. I was like well sounds pretty"}, {"start": "00:21:02", "end": "00:21:08", "text": "good for me. And uh lastly we just heard"}, {"start": "00:21:05", "end": "00:21:10", "text": "that they were using Bitcoin for"}, {"start": "00:21:08", "end": "00:21:12", "text": "payments. And I have to tell you I mean"}, {"start": "00:21:10", "end": "00:21:13", "text": "first of all if if you don't want to"}, {"start": "00:21:12", "end": "00:21:16", "text": "have your funds tracked you shouldn't"}, {"start": "00:21:13", "end": "00:21:18", "text": "really use Bitcoin. That's what Iran's"}, {"start": "00:21:16", "end": "00:21:20", "text": "objective was. That's a poor objective."}, {"start": "00:21:18", "end": "00:21:22", "text": "But if it was to escape sanctions as far"}, {"start": "00:21:20", "end": "00:21:25", "text": "as the US dollar, yes, it's a pretty"}, {"start": "00:21:22", "end": "00:21:27", "text": "great way to do it. So, uh, you know,"}, {"start": "00:21:25", "end": "00:21:29", "text": "hats off to them. And if that's I don't"}, {"start": "00:21:27", "end": "00:21:31", "text": "know if that's 100% going on. And you"}, {"start": "00:21:29", "end": "00:21:32", "text": "have to understand that not every ship"}, {"start": "00:21:31", "end": "00:21:35", "text": "is like, \"Oh, we all got Bitcoin. Let's"}, {"start": "00:21:32", "end": "00:21:37", "text": "just throw in $2 million.\" I think it's"}, {"start": "00:21:35", "end": "00:21:39", "text": "uh maybe few and far between, but if I"}, {"start": "00:21:37", "end": "00:21:41", "text": "hear something else or someone has more"}, {"start": "00:21:39", "end": "00:21:43", "text": "information, I'd love to hear it. But uh"}, {"start": "00:21:41", "end": "00:21:45", "text": "if that's happening, then yeah, that's"}, {"start": "00:21:43", "end": "00:21:47", "text": "good. But how long can that go on?"}, {"start": "00:21:45", "end": "00:21:48", "text": "There's different stories where Iran is"}, {"start": "00:21:47", "end": "00:21:50", "text": "backing down. Other stories where"}, {"start": "00:21:48", "end": "00:21:52", "text": "Chinese ships are coming through. So I"}, {"start": "00:21:50", "end": "00:21:56", "text": "don't know."}, {"start": "00:21:52", "end": "00:21:56", "text": "Hello me"}, {"start": "00:21:56", "end": "00:21:59", "text": "irrational"}, {"start": "00:22:01", "end": "00:22:09", "text": "3F dot dot doting commercials. Look look"}, {"start": "00:22:07", "end": "00:22:12", "text": "it's not a commercial. These are things"}, {"start": "00:22:09", "end": "00:22:14", "text": "to help you. You don't. Some of you need"}, {"start": "00:22:12", "end": "00:22:17", "text": "some tax software. It's true. Some of"}, {"start": "00:22:14", "end": "00:22:18", "text": "you like Ben's website. It's true. At"}, {"start": "00:22:17", "end": "00:22:21", "text": "least I'm not out here going, you know"}, {"start": "00:22:18", "end": "00:22:23", "text": "what's going to be great? Uh, tomato"}, {"start": "00:22:21", "end": "00:22:26", "text": "coin or something where I say like, you"}, {"start": "00:22:23", "end": "00:22:29", "text": "got to buy this next new, you know, 100x"}, {"start": "00:22:26", "end": "00:22:32", "text": "gem. Come on. Come on. That's not what"}, {"start": "00:22:29", "end": "00:22:34", "text": "we're here for. Let's see. Ah, Robert's"}, {"start": "00:22:32", "end": "00:22:37", "text": "here."}, {"start": "00:22:34", "end": "00:22:39", "text": "It's prospects for interest rate cuts."}, {"start": "00:22:37", "end": "00:22:42", "text": "That's true. I don't know if we're going"}, {"start": "00:22:39", "end": "00:22:46", "text": "to get those this year. I know we go"}, {"start": "00:22:42", "end": "00:22:46", "text": "back and forth. Let's see. Actually,"}, {"start": "00:22:47", "end": "00:22:54", "text": "let's take a look at the CME group"}, {"start": "00:22:52", "end": "00:22:58", "text": "and see where we're at. Thank you,"}, {"start": "00:22:54", "end": "00:23:01", "text": "Robert, for reminding me of this. And"}, {"start": "00:22:58", "end": "00:23:06", "text": "the current target is 35375. And we do"}, {"start": "00:23:01", "end": "00:23:10", "text": "have a 0.5% chance of 29th of April. So,"}, {"start": "00:23:06", "end": "00:23:12", "text": "you know, hey, yolo, what about June?"}, {"start": "00:23:10", "end": "00:23:16", "text": "350. How about July?"}, {"start": "00:23:12", "end": "00:23:16", "text": "No. September."}, {"start": "00:23:17", "end": "00:23:25", "text": "Damn it. How about October? Okay, now"}, {"start": "00:23:20", "end": "00:23:27", "text": "we're talking 20%. How about December?"}, {"start": "00:23:25", "end": "00:23:32", "text": "Okay. How about January 2020? Sweet."}, {"start": "00:23:27", "end": "00:23:36", "text": "Mary and Joseph, could we? God dang it."}, {"start": "00:23:32", "end": "00:23:40", "text": "All right. Real funny."}, {"start": "00:23:36", "end": "00:23:45", "text": "Okay, good news everybody. July 2027,"}, {"start": "00:23:40", "end": "00:23:47", "text": "almost 5050 shot. You got a 38 to 41%."}, {"start": "00:23:45", "end": "00:23:50", "text": "I'm sorry. These things change all the"}, {"start": "00:23:47", "end": "00:23:52", "text": "time. Ah, there you go. September 27,"}, {"start": "00:23:50", "end": "00:23:55", "text": "that's when we call it. But again, like"}, {"start": "00:23:52", "end": "00:23:58", "text": "I said before, I think uh 2026, 2027 are"}, {"start": "00:23:55", "end": "00:24:00", "text": "mostly accumulation years like what we"}, {"start": "00:23:58", "end": "00:24:03", "text": "did in 2022 and 23."}, {"start": "00:24:00", "end": "00:24:07", "text": "I'm okay with that."}, {"start": "00:24:03", "end": "00:24:11", "text": "I'm okay. Okay. Crazy diamonds. I expect"}, {"start": "00:24:07", "end": "00:24:13", "text": "a crash. It sounds good."}, {"start": "00:24:11", "end": "00:24:14", "text": "Sequoa says Iran called him. That could"}, {"start": "00:24:13", "end": "00:24:17", "text": "happen."}, {"start": "00:24:14", "end": "00:24:20", "text": "Is such a beta. Your text does work in"}, {"start": "00:24:17", "end": "00:24:22", "text": "hormuz billions of dollars."}, {"start": "00:24:20", "end": "00:24:24", "text": "Yeah."}, {"start": "00:24:22", "end": "00:24:27", "text": "Give peace a chance."}, {"start": "00:24:24", "end": "00:24:28", "text": "Aptly aptly stated by bot. That's very"}, {"start": "00:24:27", "end": "00:24:31", "text": "true."}, {"start": "00:24:28", "end": "00:24:35", "text": "Conrizzle. Do you think 60 is the"}, {"start": "00:24:31", "end": "00:24:37", "text": "bottom? Could be. I mean, we hit the No,"}, {"start": "00:24:35", "end": "00:24:40", "text": "we didn't. Yeah, we did. Didn't we hit"}, {"start": "00:24:37", "end": "00:24:44", "text": "59K? Yeah, we did. Somewhere around"}, {"start": "00:24:40", "end": "00:24:46", "text": "there. So, my worst case scenario would"}, {"start": "00:24:44", "end": "00:24:49", "text": "be dropping by 70% to get into the"}, {"start": "00:24:46", "end": "00:24:51", "text": "38,000 range. But that's like that's"}, {"start": "00:24:49", "end": "00:24:53", "text": "that's"}, {"start": "00:24:51", "end": "00:24:55", "text": "as viable as any price prediction you're"}, {"start": "00:24:53", "end": "00:24:56", "text": "going to get. And all price predictions"}, {"start": "00:24:55", "end": "00:24:58", "text": "are absolutely worthless. Hey, I even"}, {"start": "00:24:56", "end": "00:25:01", "text": "did a video on it. There's a link in the"}, {"start": "00:24:58", "end": "00:25:03", "text": "description called Cryptocritical Videos"}, {"start": "00:25:01", "end": "00:25:08", "text": "where I took a look at all the top"}, {"start": "00:25:03", "end": "00:25:12", "text": "experts in 2021 and uh how gloriously"}, {"start": "00:25:08", "end": "00:25:15", "text": "wrong every single one of them was. And"}, {"start": "00:25:12", "end": "00:25:17", "text": "uh number 11 was myself. As I said, I"}, {"start": "00:25:15", "end": "00:25:19", "text": "had the worst calls. So don't think it's"}, {"start": "00:25:17", "end": "00:25:23", "text": "just me just talking trash about"}, {"start": "00:25:19", "end": "00:25:23", "text": "everybody. I talk trash about myself."}, {"start": "00:25:24", "end": "00:25:27", "text": "It happens."}, {"start": "00:25:26", "end": "00:25:29", "text": "Rob peaker or bottom. We learn to keep"}, {"start": "00:25:27", "end": "00:25:31", "text": "take bigger profits. Rule number five."}, {"start": "00:25:29", "end": "00:25:36", "text": "Marty's correct. If we could just take"}, {"start": "00:25:31", "end": "00:25:36", "text": "those profits. If we could just it's"}, {"start": "00:25:36", "end": "00:25:41", "text": "to uh and sell high. Ah, I just wish"}, {"start": "00:25:40", "end": "00:25:43", "text": "we'd stopped doing the wrong the the"}, {"start": "00:25:41", "end": "00:25:45", "text": "other way around."}, {"start": "00:25:43", "end": "00:25:46", "text": "Austin says, \"Look at Rave again. Still"}, {"start": "00:25:45", "end": "00:25:48", "text": "trending up despite the high volatility."}, {"start": "00:25:46", "end": "00:25:50", "text": "Been scalping it for safety and living"}, {"start": "00:25:48", "end": "00:25:51", "text": "on the table to take.\" Good for you,"}, {"start": "00:25:50", "end": "00:25:54", "text": "Austin. See, that's how you're supposed"}, {"start": "00:25:51", "end": "00:25:57", "text": "to do it. What Austin is talking about"}, {"start": "00:25:54", "end": "00:25:59", "text": "is this raved out"}, {"start": "00:25:57", "end": "00:26:01", "text": "and it's should be the probably the top"}, {"start": "00:25:59", "end": "00:26:05", "text": "gainers. No, it's not. Oh, there it is."}, {"start": "00:26:01", "end": "00:26:09", "text": "Raved out and decentralized autonomous"}, {"start": "00:26:05", "end": "00:26:11", "text": "organization. Great. Uh, let's see. So,"}, {"start": "00:26:09", "end": "00:26:15", "text": "from obscurity, how long has this thing"}, {"start": "00:26:11", "end": "00:26:15", "text": "been around?"}, {"start": "00:26:16", "end": "00:26:21", "text": "December 2025, it was 43 cents. Did"}, {"start": "00:26:18", "end": "00:26:24", "text": "absolutely nothing. And then because of"}, {"start": "00:26:21", "end": "00:26:27", "text": "some massive utility"}, {"start": "00:26:24", "end": "00:26:29", "text": "and the fact that Goldman Sachs"}, {"start": "00:26:27", "end": "00:26:30", "text": "is tokenizing. I'm just kidding."}, {"start": "00:26:29", "end": "00:26:33", "text": "Nothing's happening with this. It just"}, {"start": "00:26:30", "end": "00:26:35", "text": "went up like crazy. I'm sure that some"}, {"start": "00:26:33", "end": "00:26:37", "text": "people who own it will tell you why it"}, {"start": "00:26:35", "end": "00:26:39", "text": "did. I just don't own it, which means I"}, {"start": "00:26:37", "end": "00:26:42", "text": "don't care about it. And uh if you own"}, {"start": "00:26:39", "end": "00:26:45", "text": "it, congratulations. I would definitely"}, {"start": "00:26:42", "end": "00:26:47", "text": "do exactly what Austin is saying is take"}, {"start": "00:26:45", "end": "00:26:50", "text": "some profits off the table."}, {"start": "00:26:47", "end": "00:26:51", "text": "Not financial advice, just profit"}, {"start": "00:26:50", "end": "00:26:54", "text": "advice."}, {"start": "00:26:51", "end": "00:26:57", "text": "And now that's it."}, {"start": "00:26:54", "end": "00:26:59", "text": "Let's see."}, {"start": "00:26:57", "end": "00:27:00", "text": "Marty says, \"Rob, what do you think we"}, {"start": "00:26:59", "end": "00:27:02", "text": "need to get the younger generation back"}, {"start": "00:27:00", "end": "00:27:04", "text": "in?\" You saw the reaction on the Super"}, {"start": "00:27:02", "end": "00:27:05", "text": "Bowl commercial. What Marty's talking"}, {"start": "00:27:04", "end": "00:27:07", "text": "about is there was a Super Bowl"}, {"start": "00:27:05", "end": "00:27:09", "text": "commercial from Coinbase where where"}, {"start": "00:27:07", "end": "00:27:11", "text": "people were like uh lip-syncing along or"}, {"start": "00:27:09", "end": "00:27:13", "text": "doing like a karaoke type of commercial."}, {"start": "00:27:11", "end": "00:27:15", "text": "Very very catchy Coinbaseish uh"}, {"start": "00:27:13", "end": "00:27:17", "text": "commercial. And at the then at the end"}, {"start": "00:27:15", "end": "00:27:19", "text": "it was a it revealed that it was"}, {"start": "00:27:17", "end": "00:27:20", "text": "Coinbase and everybody started everybody"}, {"start": "00:27:19", "end": "00:27:22", "text": "who was watching the Super Bowl just"}, {"start": "00:27:20", "end": "00:27:24", "text": "started booing in that in that living"}, {"start": "00:27:22", "end": "00:27:26", "text": "room and I thought it was pretty funny."}, {"start": "00:27:24", "end": "00:27:28", "text": "So that is the pretty much the"}, {"start": "00:27:26", "end": "00:27:30", "text": "sentiment. So what do you do to get"}, {"start": "00:27:28", "end": "00:27:32", "text": "people back in? It's very simple. Uh we"}, {"start": "00:27:30", "end": "00:27:36", "text": "have to this is just my opinion. We have"}, {"start": "00:27:32", "end": "00:27:38", "text": "to wipe away 99.9% of the useless trash"}, {"start": "00:27:36", "end": "00:27:41", "text": "uh cryptocurrencies and digital assets"}, {"start": "00:27:38", "end": "00:27:45", "text": "that are just zombie"}, {"start": "00:27:41", "end": "00:27:47", "text": "uh blockchains. And those people, you"}, {"start": "00:27:45", "end": "00:27:50", "text": "know, those developers, it'd be best if"}, {"start": "00:27:47", "end": "00:27:51", "text": "they could leave those"}, {"start": "00:27:50", "end": "00:27:53", "text": "projects, which they probably already"}, {"start": "00:27:51", "end": "00:27:56", "text": "have, and would come over to other"}, {"start": "00:27:53", "end": "00:27:58", "text": "bigger projects and make those stronger."}, {"start": "00:27:56", "end": "00:28:00", "text": "I think that's what everybody, every big"}, {"start": "00:27:58", "end": "00:28:02", "text": "business does. If you take a look at"}, {"start": "00:28:00", "end": "00:28:05", "text": "what Amazon does, what Facebook now"}, {"start": "00:28:02", "end": "00:28:07", "text": "called Meta does, what uh Amazon, what"}, {"start": "00:28:05", "end": "00:28:09", "text": "they do is they they build and they"}, {"start": "00:28:07", "end": "00:28:11", "text": "become massive and they just start"}, {"start": "00:28:09", "end": "00:28:13", "text": "absorbing all the different other"}, {"start": "00:28:11", "end": "00:28:15", "text": "businesses around them to make them even"}, {"start": "00:28:13", "end": "00:28:18", "text": "bigger. Facebook and Meta did the exact"}, {"start": "00:28:15", "end": "00:28:19", "text": "same thing. They did it with Instagram"}, {"start": "00:28:18", "end": "00:28:20", "text": "like, you know what, we like what you"}, {"start": "00:28:19", "end": "00:28:22", "text": "guys are doing over there. We don't want"}, {"start": "00:28:20", "end": "00:28:23", "text": "to create that. We'll buy you for a"}, {"start": "00:28:22", "end": "00:28:25", "text": "couple hundred million dollars. Sounds"}, {"start": "00:28:23", "end": "00:28:27", "text": "good. Great. WhatsApp, that sounds"}, {"start": "00:28:25", "end": "00:28:30", "text": "pretty good. peer-to-peer and you can do"}, {"start": "00:28:27", "end": "00:28:32", "text": "text messaging and it's going to be safe"}, {"start": "00:28:30", "end": "00:28:33", "text": "and stable. News flash, it's not. They"}, {"start": "00:28:32", "end": "00:28:34", "text": "don't encrypt anything. Like, yeah,"}, {"start": "00:28:33", "end": "00:28:36", "text": "we're going to buy you another couple"}, {"start": "00:28:34", "end": "00:28:38", "text": "hundred million and then there you go."}, {"start": "00:28:36", "end": "00:28:39", "text": "So, it's it's I see the same thing"}, {"start": "00:28:38", "end": "00:28:41", "text": "happening. So, we need to get rid of"}, {"start": "00:28:39", "end": "00:28:44", "text": "those and actually do something that"}, {"start": "00:28:41", "end": "00:28:46", "text": "actually works and has utility, right?"}, {"start": "00:28:44", "end": "00:28:49", "text": "Instead of us going, ah, if you buy this"}, {"start": "00:28:46", "end": "00:28:50", "text": "token and you come over here to some DAO"}, {"start": "00:28:49", "end": "00:28:52", "text": "or this DEX, you can buy this other"}, {"start": "00:28:50", "end": "00:28:53", "text": "token, which is really awesome. Then, if"}, {"start": "00:28:52", "end": "00:28:55", "text": "you want an NFT, you can buy one of"}, {"start": "00:28:53", "end": "00:28:57", "text": "those. What the hell do I do with those?"}, {"start": "00:28:55", "end": "00:28:59", "text": "Nothing. You don't. But they look cool"}, {"start": "00:28:57", "end": "00:29:03", "text": "and you can talk about it and maybe you"}, {"start": "00:28:59", "end": "00:29:03", "text": "can be an influencer."}, {"start": "00:29:03", "end": "00:29:08", "text": "That is the stuff we have to get rid of."}, {"start": "00:29:05", "end": "00:29:10", "text": "You know why AI works? Because it works."}, {"start": "00:29:08", "end": "00:29:12", "text": "The reason why people are into AI, I"}, {"start": "00:29:10", "end": "00:29:15", "text": "love it. And especially like autonomous"}, {"start": "00:29:12", "end": "00:29:16", "text": "agents and AI and and uh Cloudbot and"}, {"start": "00:29:15", "end": "00:29:19", "text": "all these things and and Claude and"}, {"start": "00:29:16", "end": "00:29:21", "text": "Perplexity and Chat GPT and and Gemini"}, {"start": "00:29:19", "end": "00:29:23", "text": "and AI Studios. It's because you can"}, {"start": "00:29:21", "end": "00:29:25", "text": "actually do things with it to improve"}, {"start": "00:29:23", "end": "00:29:26", "text": "your life. Right now, people will say,"}, {"start": "00:29:25", "end": "00:29:28", "text": "\"Well, you can do the same thing with"}, {"start": "00:29:26", "end": "00:29:31", "text": "Bitcoin and you can do the same thing"}, {"start": "00:29:28", "end": "00:29:33", "text": "with Ethereum and the same thing with"}, {"start": "00:29:31", "end": "00:29:35", "text": "fill in the blank.\""}, {"start": "00:29:33", "end": "00:29:37", "text": "Yeah, you can as far as like remittance"}, {"start": "00:29:35", "end": "00:29:38", "text": "and payments and stable coins and all"}, {"start": "00:29:37", "end": "00:29:41", "text": "that stuff. Great. As far as like a"}, {"start": "00:29:38", "end": "00:29:42", "text": "store of value, gotcha, right? But for"}, {"start": "00:29:41", "end": "00:29:44", "text": "the other stuff like people are"}, {"start": "00:29:42", "end": "00:29:46", "text": "promising, there's too many hacks,"}, {"start": "00:29:44", "end": "00:29:48", "text": "there's too many scammers, there's too"}, {"start": "00:29:46", "end": "00:29:50", "text": "many people losing everything. We keep"}, {"start": "00:29:48", "end": "00:29:51", "text": "telling him and we are right that they"}, {"start": "00:29:50", "end": "00:29:53", "text": "have to take it off the exchange because"}, {"start": "00:29:51", "end": "00:29:55", "text": "exchanges get hacked and they have to do"}, {"start": "00:29:53", "end": "00:29:58", "text": "a hell of a lot of extra work just to"}, {"start": "00:29:55", "end": "00:30:00", "text": "hopefully make it. And that that is"}, {"start": "00:29:58", "end": "00:30:03", "text": "predicated on the fact that people"}, {"start": "00:30:00", "end": "00:30:06", "text": "aren't downloading apps off of the Apple"}, {"start": "00:30:03", "end": "00:30:07", "text": "App Store from Ledger then put in their"}, {"start": "00:30:06", "end": "00:30:09", "text": "entire pneummonic phrase and lose their"}, {"start": "00:30:07", "end": "00:30:11", "text": "entire life savings. Why do you think"}, {"start": "00:30:09", "end": "00:30:15", "text": "people don't like crypto? It's because"}, {"start": "00:30:11", "end": "00:30:16", "text": "of stuff like that. And for them to get"}, {"start": "00:30:15", "end": "00:30:17", "text": "them back, it's going to have to be"}, {"start": "00:30:16", "end": "00:30:19", "text": "everything has to be wiped out. We have"}, {"start": "00:30:17", "end": "00:30:20", "text": "to make it simple. We have to use crypto"}, {"start": "00:30:19", "end": "00:30:22", "text": "and digital assets and they don't even"}, {"start": "00:30:20", "end": "00:30:24", "text": "have to know it. That's when the"}, {"start": "00:30:22", "end": "00:30:26", "text": "internet took off. So that's my Marty,"}, {"start": "00:30:24", "end": "00:30:28", "text": "that's a great question. Hope I answered"}, {"start": "00:30:26", "end": "00:30:31", "text": "it enough and I don't want to go off on"}, {"start": "00:30:28", "end": "00:30:34", "text": "a tangent like I did, but that was it."}, {"start": "00:30:31", "end": "00:30:35", "text": "Can you also talk about hype? Uh hype"}, {"start": "00:30:34", "end": "00:30:38", "text": "looks pretty good and I wish I would"}, {"start": "00:30:35", "end": "00:30:41", "text": "have bought a lot of it. So, uh, Hype"}, {"start": "00:30:38", "end": "00:30:44", "text": "token as far as if you want to do"}, {"start": "00:30:41", "end": "00:30:45", "text": "shorts, longs, and derivatives markets,"}, {"start": "00:30:44", "end": "00:30:50", "text": "that's a pretty good one to do. And it's"}, {"start": "00:30:45", "end": "00:30:52", "text": "a decentralized open 24/7, 365. And it,"}, {"start": "00:30:50", "end": "00:30:58", "text": "if I take a look at it's probably in the"}, {"start": "00:30:52", "end": "00:30:58", "text": "top 20, maybe the top 15 now."}, {"start": "00:30:59", "end": "00:31:05", "text": "Yep. Number 13. Look at that. over 30"}, {"start": "00:31:03", "end": "00:31:08", "text": "days,"}, {"start": "00:31:05", "end": "00:31:10", "text": "it's actually up 16%."}, {"start": "00:31:08", "end": "00:31:12", "text": "And it actually does something, right?"}, {"start": "00:31:10", "end": "00:31:14", "text": "You can go over there and you can trade"}, {"start": "00:31:12", "end": "00:31:17", "text": "derivatives. You can do all the things"}, {"start": "00:31:14", "end": "00:31:19", "text": "you want to do. You can all, you know,"}, {"start": "00:31:17", "end": "00:31:23", "text": "uh, leverage yourself out. Which makes"}, {"start": "00:31:19", "end": "00:31:23", "text": "me think about I wonder"}, {"start": "00:31:25", "end": "00:31:30", "text": "there's this thing in here called does"}, {"start": "00:31:26", "end": "00:31:32", "text": "it bleed?"}, {"start": "00:31:30", "end": "00:31:36", "text": "I wonder the standard is Bitcoin. I"}, {"start": "00:31:32", "end": "00:31:36", "text": "wonder if it has."}, {"start": "00:31:36", "end": "00:31:40", "text": "Oh, there it is. So, let's take a look"}, {"start": "00:31:38", "end": "00:31:44", "text": "if which one worked out, buying Bitcoin"}, {"start": "00:31:40", "end": "00:31:46", "text": "or buying Hyperlquid."}, {"start": "00:31:44", "end": "00:31:51", "text": "Oh, well, well, well."}, {"start": "00:31:46", "end": "00:31:53", "text": "So, since Hyperlquid is so new,"}, {"start": "00:31:51", "end": "00:31:55", "text": "okay, on one day, you got me. Uh, you"}, {"start": "00:31:53", "end": "00:31:59", "text": "would have been better buying Bitcoin"}, {"start": "00:31:55", "end": "00:32:01", "text": "for one day, 1.67. However, hyperlook it"}, {"start": "00:31:59", "end": "00:32:04", "text": "over a week, you'd be up 9% on Bitcoin."}, {"start": "00:32:01", "end": "00:32:07", "text": "1 month, 14, 3 months, 118, 61, and max"}, {"start": "00:32:04", "end": "00:32:08", "text": "774%."}, {"start": "00:32:07", "end": "00:32:11", "text": "These are one of the rare altcoins that"}, {"start": "00:32:08", "end": "00:32:13", "text": "beat out Bitcoin. And if you want to"}, {"start": "00:32:11", "end": "00:32:15", "text": "take a look at it, I own a little bit of"}, {"start": "00:32:13", "end": "00:32:17", "text": "it, but I don't own enough of it. Uh,"}, {"start": "00:32:15", "end": "00:32:21", "text": "you should uh check it out. Like I said,"}, {"start": "00:32:17", "end": "00:32:21", "text": "utility actually does."}, {"start": "00:32:21", "end": "00:32:26", "text": "Jimmy, unfortunately, zero cuts in"}, {"start": "00:32:24", "end": "00:32:27", "text": "interest rates will hurt the housing"}, {"start": "00:32:26", "end": "00:32:30", "text": "market. typical America's biggest"}, {"start": "00:32:27", "end": "00:32:32", "text": "household asset. Very true. Also, I saw"}, {"start": "00:32:30", "end": "00:32:34", "text": "data that came out that took a look at"}, {"start": "00:32:32", "end": "00:32:37", "text": "how many houses are on the market verse"}, {"start": "00:32:34", "end": "00:32:40", "text": "how many buyers. And I think right now"}, {"start": "00:32:37", "end": "00:32:41", "text": "the sellers outweigh the buyers by like"}, {"start": "00:32:40", "end": "00:32:44", "text": "a magnitude of like hundreds of"}, {"start": "00:32:41", "end": "00:32:46", "text": "thousands. It's it's insane. This is"}, {"start": "00:32:44", "end": "00:32:49", "text": "definitely a buyer market. There are so"}, {"start": "00:32:46", "end": "00:32:50", "text": "many uh houses on the market. And I"}, {"start": "00:32:49", "end": "00:32:51", "text": "think what people are doing is going, I"}, {"start": "00:32:50", "end": "00:32:54", "text": "don't want to buy I don't want to buy a"}, {"start": "00:32:51", "end": "00:32:55", "text": "house. I'm going to rent everything. I'm"}, {"start": "00:32:54", "end": "00:33:00", "text": "going to rent everything and I'm going"}, {"start": "00:32:55", "end": "00:33:02", "text": "to put it into Koshi, Poly Market,"}, {"start": "00:33:00", "end": "00:33:04", "text": "S&P 500 if they're smart enough,"}, {"start": "00:33:02", "end": "00:33:07", "text": "Bitcoin, precious metals, hell,"}, {"start": "00:33:04", "end": "00:33:08", "text": "treasuries, you know, I'll do something"}, {"start": "00:33:07", "end": "00:33:10", "text": "like that. I don't want to be bogged"}, {"start": "00:33:08", "end": "00:33:12", "text": "down by a house and then have taxes on"}, {"start": "00:33:10", "end": "00:33:14", "text": "top of that and then also the repair"}, {"start": "00:33:12", "end": "00:33:16", "text": "costs and then I have to have the"}, {"start": "00:33:14", "end": "00:33:18", "text": "upkeep. I'm not doing that stuff. I"}, {"start": "00:33:16", "end": "00:33:21", "text": "think that's one of the reasons. It's uh"}, {"start": "00:33:18", "end": "00:33:22", "text": "it's a difficult situation. I still like"}, {"start": "00:33:21", "end": "00:33:26", "text": "real estate. I probably won't buy any"}, {"start": "00:33:22", "end": "00:33:28", "text": "more real estate personally,"}, {"start": "00:33:26", "end": "00:33:30", "text": "but uh Jim's right. I mean, you can't"}, {"start": "00:33:28", "end": "00:33:33", "text": "cut rates. And of course, the the Fed"}, {"start": "00:33:30", "end": "00:33:36", "text": "can only only cut short-term rates. They"}, {"start": "00:33:33", "end": "00:33:38", "text": "don't control the 15 to 30, but it makes"}, {"start": "00:33:36", "end": "00:33:41", "text": "a difference."}, {"start": "00:33:38", "end": "00:33:41", "text": "Uh"}, {"start": "00:33:45", "end": "00:33:49", "text": "motani"}, {"start": "00:33:47", "end": "00:33:52", "text": "nailed it. Waiting for the markets to go"}, {"start": "00:33:49", "end": "00:33:53", "text": "lower to buy. Nothing wrong with that. I"}, {"start": "00:33:52", "end": "00:33:55", "text": "got no problems with that if if people"}, {"start": "00:33:53", "end": "00:33:56", "text": "want to wait. You know, people will say"}, {"start": "00:33:55", "end": "00:33:59", "text": "like, you got to buy, you got to get in"}, {"start": "00:33:56", "end": "00:34:01", "text": "there, you got to dollar cost average."}, {"start": "00:33:59", "end": "00:34:03", "text": "Sometimes you don't have to do anything."}, {"start": "00:34:01", "end": "00:34:04", "text": "Just sit back and do nothing. Feels good"}, {"start": "00:34:03", "end": "00:34:07", "text": "to do nothing sometimes. I think we"}, {"start": "00:34:04", "end": "00:34:10", "text": "stress ourselves out. You should just"}, {"start": "00:34:07", "end": "00:34:11", "text": "kind of relax a little bit. If this"}, {"start": "00:34:10", "end": "00:34:12", "text": "isn't the time, maybe you're like, \"Oh,"}, {"start": "00:34:11", "end": "00:34:13", "text": "I don't have to short. I don't have to"}, {"start": "00:34:12", "end": "00:34:16", "text": "long. I don't have to buy. I don't have"}, {"start": "00:34:13", "end": "00:34:18", "text": "to sell.\" Yeah, just uh play it as it"}, {"start": "00:34:16", "end": "00:34:21", "text": "goes."}, {"start": "00:34:18", "end": "00:34:21", "text": "Uh,"}, {"start": "00:34:23", "end": "00:34:29", "text": "best expert Marty party called it 100%"}, {"start": "00:34:26", "end": "00:34:29", "text": "correctly."}, {"start": "00:34:29", "end": "00:34:33", "text": "They burn 20% of supply after each"}, {"start": "00:34:31", "end": "00:34:34", "text": "event. Ah, that's also a big I need to"}, {"start": "00:34:33", "end": "00:34:37", "text": "really dig into that one and maybe do a"}, {"start": "00:34:34", "end": "00:34:38", "text": "video over on Dan Den. That would be"}, {"start": "00:34:37", "end": "00:34:41", "text": "something. I haven't done a video over"}, {"start": "00:34:38", "end": "00:34:44", "text": "there for a while. To donate to charity,"}, {"start": "00:34:41", "end": "00:34:48", "text": "even better. Time in overtime in fixed"}, {"start": "00:34:44", "end": "00:34:48", "text": "supply 1 billion. Everybody very nice."}, {"start": "00:34:50", "end": "00:34:53", "text": "Knowing Trump, he'll pardon SPF to try"}, {"start": "00:34:51", "end": "00:34:56", "text": "to get the kids on board again. Well, if"}, {"start": "00:34:53", "end": "00:35:01", "text": "Sam had any money, that's the way to a"}, {"start": "00:34:56", "end": "00:35:01", "text": "pardon. You just have to buy it."}, {"start": "00:35:02", "end": "00:35:07", "text": "Yeah. Very difficult to do. Learn that"}, {"start": "00:35:04", "end": "00:35:09", "text": "from the rock. Ah, I do DCA. Well, thank"}, {"start": "00:35:07", "end": "00:35:12", "text": "Well, good, man. That's it. You're"}, {"start": "00:35:09", "end": "00:35:13", "text": "you're right on right on point. So, I"}, {"start": "00:35:12", "end": "00:35:15", "text": "think me and you were probably in the"}, {"start": "00:35:13", "end": "00:35:17", "text": "same the same boat. I dollar cost"}, {"start": "00:35:15", "end": "00:35:20", "text": "average every Monday. Bitcoin and now I"}, {"start": "00:35:17", "end": "00:35:24", "text": "do every Thursday for my uh Binance,"}, {"start": "00:35:20", "end": "00:35:26", "text": "Ethereum, Salana, and Trron. And when"}, {"start": "00:35:24", "end": "00:35:28", "text": "the risk levels go lower, because the"}, {"start": "00:35:26", "end": "00:35:30", "text": "price goes lower, I'll probably increase"}, {"start": "00:35:28", "end": "00:35:32", "text": "my buys like we talked about. But those"}, {"start": "00:35:30", "end": "00:35:33", "text": "just go off without me having to think"}, {"start": "00:35:32", "end": "00:35:35", "text": "about it. I got enough to think about."}, {"start": "00:35:33", "end": "00:35:36", "text": "So that's about it. And that's pretty"}, {"start": "00:35:35", "end": "00:35:38", "text": "much where we should leave it right"}, {"start": "00:35:36", "end": "00:35:40", "text": "there. You got enough to to think about."}, {"start": "00:35:38", "end": "00:35:42", "text": "Just take it easy. Trust me, if they"}, {"start": "00:35:40", "end": "00:35:44", "text": "didn't get in today or a week ago,"}, {"start": "00:35:42", "end": "00:35:46", "text": "there's plenty of opportunities. Not a"}, {"start": "00:35:44", "end": "00:35:48", "text": "big deal. That's it for today. So, look,"}, {"start": "00:35:46", "end": "00:35:50", "text": "like today's video, thumbs up,"}, {"start": "00:35:48", "end": "00:35:51", "text": "subscribe, all that great stuff. Thanks"}, {"start": "00:35:50", "end": "00:35:55", "text": "for stopping by. I appreciate everybody."}, {"start": "00:35:51", "end": "00:35:55", "text": "And I'll see you guys on the next one."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hello everybody. Welcome to the Monday"}, {"start": "00:00:02", "end": "00:00:05", "text": "live stream. A lot of things to go over."}, {"start": "00:00:04", "end": "00:00:07", "text": "Let's just jump right into it. So, first"}, {"start": "00:00:05", "end": "00:00:11", "text": "of all, title and thumbnail suggest, it"}, {"start": "00:00:07", "end": "00:00:13", "text": "looks like Kraken is being has been"}, {"start": "00:00:11", "end": "00:00:16", "text": "compromised by criminals. And I have to"}, {"start": "00:00:13", "end": "00:00:17", "text": "tell you, when I first saw this, at"}, {"start": "00:00:16", "end": "00:00:20", "text": "first I was like, wow, that's very"}, {"start": "00:00:17", "end": "00:00:22", "text": "admirable of uh people stepping forward"}, {"start": "00:00:20", "end": "00:00:24", "text": "in the Kraken crypto exchange and saying"}, {"start": "00:00:22", "end": "00:00:27", "text": "this is what's going on. They will not"}, {"start": "00:00:24", "end": "00:00:30", "text": "negotiate with criminals. But you have"}, {"start": "00:00:27", "end": "00:00:32", "text": "to wonder why this even happened in the"}, {"start": "00:00:30", "end": "00:00:36", "text": "first place because this isn't the first"}, {"start": "00:00:32", "end": "00:00:39", "text": "time. It is actually the second. Here's"}, {"start": "00:00:36", "end": "00:00:40", "text": "what we got. So this is uh Nick FCoko."}, {"start": "00:00:39", "end": "00:00:44", "text": "He's the chief security officer of"}, {"start": "00:00:40", "end": "00:00:47", "text": "Kraken. Uh and here's what he states"}, {"start": "00:00:44", "end": "00:00:50", "text": "directly from him. We are currently"}, {"start": "00:00:47", "end": "00:00:53", "text": "being extorted by a criminal group"}, {"start": "00:00:50", "end": "00:00:56", "text": "threatening to release videos of our"}, {"start": "00:00:53", "end": "00:00:59", "text": "internal systems with client data."}, {"start": "00:00:56", "end": "00:01:00", "text": "That's our data shown if we do not"}, {"start": "00:00:59", "end": "00:01:03", "text": "comply"}, {"start": "00:01:00", "end": "00:01:05", "text": "with their demands. That's a problem."}, {"start": "00:01:03", "end": "00:01:06", "text": "Our systems though, he states, were"}, {"start": "00:01:05", "end": "00:01:08", "text": "never breached. Funds were never at"}, {"start": "00:01:06", "end": "00:01:10", "text": "risk. We will not pay these criminals."}, {"start": "00:01:08", "end": "00:01:11", "text": "We will not ever negotiate with bad"}, {"start": "00:01:10", "end": "00:01:13", "text": "actors. And right there, I'm like, I"}, {"start": "00:01:11", "end": "00:01:16", "text": "have to give you applause because that's"}, {"start": "00:01:13", "end": "00:01:18", "text": "how you should do it. Because if we keep"}, {"start": "00:01:16", "end": "00:01:20", "text": "allowing these scammers and hackers to"}, {"start": "00:01:18", "end": "00:01:23", "text": "take over our situations and our"}, {"start": "00:01:20", "end": "00:01:25", "text": "exchanges and our wallets and keep"}, {"start": "00:01:23", "end": "00:01:27", "text": "injecting things, it'll never stop. and"}, {"start": "00:01:25", "end": "00:01:29", "text": "it's a big problem. So for this one, I'm"}, {"start": "00:01:27", "end": "00:01:31", "text": "like, great, good job, Nick. That's how"}, {"start": "00:01:29", "end": "00:01:36", "text": "you should do things. However, it gets a"}, {"start": "00:01:31", "end": "00:01:39", "text": "little murky. In February 2025,"}, {"start": "00:01:36", "end": "00:01:41", "text": "let me phrase that again. In February"}, {"start": "00:01:39", "end": "00:01:44", "text": "2025,"}, {"start": "00:01:41", "end": "00:01:46", "text": "that was a year ago, unless he meant in"}, {"start": "00:01:44", "end": "00:01:47", "text": "February 2026. I'm not for sure, but"}, {"start": "00:01:46", "end": "00:01:50", "text": "this is what it states, 2025. That's"}, {"start": "00:01:47", "end": "00:01:52", "text": "last year. We received a tip from a"}, {"start": "00:01:50", "end": "00:01:54", "text": "trusted source regarding a video shared"}, {"start": "00:01:52", "end": "00:01:56", "text": "in a criminal forum that appeared to"}, {"start": "00:01:54", "end": "00:01:59", "text": "show access to our client support"}, {"start": "00:01:56", "end": "00:02:00", "text": "systems. Now, that's bad because I"}, {"start": "00:01:59", "end": "00:02:02", "text": "didn't hear anything about this. Maybe"}, {"start": "00:02:00", "end": "00:02:04", "text": "you can find a reference to this a year"}, {"start": "00:02:02", "end": "00:02:06", "text": "ago. Maybe this is incorrect, but that"}, {"start": "00:02:04", "end": "00:02:08", "text": "means that it's been a full year we"}, {"start": "00:02:06", "end": "00:02:10", "text": "haven't been notified. We quickly"}, {"start": "00:02:08", "end": "00:02:13", "text": "identified the individual involved as a"}, {"start": "00:02:10", "end": "00:02:16", "text": "member of our support team. Their access"}, {"start": "00:02:13", "end": "00:02:18", "text": "was revoked immediately. work with"}, {"start": "00:02:16", "end": "00:02:21", "text": "current"}, {"start": "00:02:18", "end": "00:02:23", "text": "police forces to get everything under"}, {"start": "00:02:21", "end": "00:02:25", "text": "control and we thought that would"}, {"start": "00:02:23", "end": "00:02:27", "text": "essentially be it. Collaborating with"}, {"start": "00:02:25", "end": "00:02:29", "text": "industry partners and law enforcement."}, {"start": "00:02:27", "end": "00:02:31", "text": "So that's okay. That happened. These"}, {"start": "00:02:29", "end": "00:02:33", "text": "things happen. It's not a big deal."}, {"start": "00:02:31", "end": "00:02:35", "text": "Hopefully we can learn from our"}, {"start": "00:02:33", "end": "00:02:38", "text": "mistakes."}, {"start": "00:02:35", "end": "00:02:41", "text": "But unfortunately, here we go to today."}, {"start": "00:02:38", "end": "00:02:43", "text": "More recently, and that could be at any"}, {"start": "00:02:41", "end": "00:02:46", "text": "time, we received another tip along with"}, {"start": "00:02:43", "end": "00:02:48", "text": "a new video showing similar activity. We"}, {"start": "00:02:46", "end": "00:02:51", "text": "quickly identified the individual"}, {"start": "00:02:48", "end": "00:02:54", "text": "involved and terminated their access."}, {"start": "00:02:51", "end": "00:02:57", "text": "So, now we're at twice. My question is,"}, {"start": "00:02:54", "end": "00:03:00", "text": "who is Kraken hiring? Now, obviously,"}, {"start": "00:02:57", "end": "00:03:02", "text": "nobody's perfect. You have a bad apple."}, {"start": "00:03:00", "end": "00:03:04", "text": "Maybe it roots out the whole bunch. But"}, {"start": "00:03:02", "end": "00:03:08", "text": "I guess it's like that uh that old"}, {"start": "00:03:04", "end": "00:03:12", "text": "saying, fool me once, shame on shame on"}, {"start": "00:03:08", "end": "00:03:13", "text": "you. Fool me twice,"}, {"start": "00:03:12", "end": "00:03:17", "text": "can't fool me again. Anyhow, that's a"}, {"start": "00:03:13", "end": "00:03:20", "text": "George W reference. But"}, {"start": "00:03:17", "end": "00:03:22", "text": "if you think about it, two people, same"}, {"start": "00:03:20", "end": "00:03:24", "text": "organization, same things happening."}, {"start": "00:03:22", "end": "00:03:26", "text": "There's an issue. Across both incidents,"}, {"start": "00:03:24", "end": "00:03:27", "text": "only a very small number of client"}, {"start": "00:03:26", "end": "00:03:29", "text": "accounts were potentially viewed."}, {"start": "00:03:27", "end": "00:03:32", "text": "Approximately 2,000 in total, or 0.02%"}, {"start": "00:03:29", "end": "00:03:34", "text": "of clients. That sounds great. if it's"}, {"start": "00:03:32", "end": "00:03:36", "text": "true. I remember Ledger said the exact"}, {"start": "00:03:34", "end": "00:03:38", "text": "same thing and then they kept adjusting"}, {"start": "00:03:36", "end": "00:03:40", "text": "numbers. So, let's just go with it and"}, {"start": "00:03:38", "end": "00:03:44", "text": "hope that's what it is. We began"}, {"start": "00:03:40", "end": "00:03:45", "text": "receiving extortion demands after these"}, {"start": "00:03:44", "end": "00:03:47", "text": "individuals were terminated. The"}, {"start": "00:03:45", "end": "00:03:50", "text": "criminals threatened to distribute"}, {"start": "00:03:47", "end": "00:03:54", "text": "materials from both the February 2025,"}, {"start": "00:03:50", "end": "00:03:58", "text": "again the year ago incident, and the"}, {"start": "00:03:54", "end": "00:04:01", "text": "recent incident to media outlets and on"}, {"start": "00:03:58", "end": "00:04:04", "text": "social media. If we did not comply, we"}, {"start": "00:04:01", "end": "00:04:05", "text": "will not pay these criminals. Again, I"}, {"start": "00:04:04", "end": "00:04:08", "text": "have to applaud, but if you've got"}, {"start": "00:04:05", "end": "00:04:10", "text": "Kraken, actually, let's just be honest."}, {"start": "00:04:08", "end": "00:04:13", "text": "If you're dealing with anything in the"}, {"start": "00:04:10", "end": "00:04:16", "text": "social sphere, if you're on any type of,"}, {"start": "00:04:13", "end": "00:04:18", "text": "I don't know, online type of business on"}, {"start": "00:04:16", "end": "00:04:21", "text": "type online bank, if you're on any"}, {"start": "00:04:18", "end": "00:04:23", "text": "social media platforms, just admit that"}, {"start": "00:04:21", "end": "00:04:25", "text": "all your data is out there. It's all"}, {"start": "00:04:23", "end": "00:04:27", "text": "compromised. Are we like shocked that"}, {"start": "00:04:25", "end": "00:04:29", "text": "this is actually going on? Does somebody"}, {"start": "00:04:27", "end": "00:04:31", "text": "actually have my email? I couldn't have"}, {"start": "00:04:29", "end": "00:04:33", "text": "guessed. I get nothing but spam anyhow."}, {"start": "00:04:31", "end": "00:04:35", "text": "And of course, do people know personal"}, {"start": "00:04:33", "end": "00:04:37", "text": "information from me? Of course they do."}, {"start": "00:04:35", "end": "00:04:40", "text": "This is going on. Now, am I happy about"}, {"start": "00:04:37", "end": "00:04:42", "text": "this because I like Kraken? No, I am"}, {"start": "00:04:40", "end": "00:04:43", "text": "not. But I have to tell you, I think"}, {"start": "00:04:42", "end": "00:04:46", "text": "things are only going to get worse,"}, {"start": "00:04:43", "end": "00:04:49", "text": "especially with the rise of AI. So, to"}, {"start": "00:04:46", "end": "00:04:52", "text": "sum this all up, note if you're a client"}, {"start": "00:04:49", "end": "00:04:54", "text": "potentially affected by this, you've"}, {"start": "00:04:52", "end": "00:04:57", "text": "already been notified. So to answer"}, {"start": "00:04:54", "end": "00:04:58", "text": "everybody's question, if this is you,"}, {"start": "00:04:57", "end": "00:05:00", "text": "let me know that this happened to you in"}, {"start": "00:04:58", "end": "00:05:02", "text": "the comment section. I'm curious to see"}, {"start": "00:05:00", "end": "00:05:06", "text": "if anybody has been affected. Again,"}, {"start": "00:05:02", "end": "00:05:10", "text": "0.02% if true is very small. So we've"}, {"start": "00:05:06", "end": "00:05:13", "text": "got that and"}, {"start": "00:05:10", "end": "00:05:16", "text": "bad news. Polka dot attacker exploits"}, {"start": "00:05:13", "end": "00:05:21", "text": "Polka Dot based HyperBridge to mint 1"}, {"start": "00:05:16", "end": "00:05:22", "text": "billion bridge dot nets 237K. And this"}, {"start": "00:05:21", "end": "00:05:24", "text": "is what we have. Hackers exploited a"}, {"start": "00:05:22", "end": "00:05:27", "text": "hyperbridgeidge gateway vulnerability to"}, {"start": "00:05:24", "end": "00:05:29", "text": "me 1 billion dot 237,000 crypto"}, {"start": "00:05:27", "end": "00:05:31", "text": "exchanges upbit and bitham or bit thumb"}, {"start": "00:05:29", "end": "00:05:33", "text": "how you say it have since temporarily"}, {"start": "00:05:31", "end": "00:05:36", "text": "suspended deposits and withdrawals of"}, {"start": "00:05:33", "end": "00:05:37", "text": "polka dots dot citing signs of a"}, {"start": "00:05:36", "end": "00:05:40", "text": "security incident. I have to tell you"}, {"start": "00:05:37", "end": "00:05:44", "text": "you know if they minted"}, {"start": "00:05:40", "end": "00:05:47", "text": "one billion bridge dot uh man they could"}, {"start": "00:05:44", "end": "00:05:49", "text": "have made a killing back when oh excuse"}, {"start": "00:05:47", "end": "00:05:51", "text": "me here's the trending cryptos right"}, {"start": "00:05:49", "end": "00:05:54", "text": "now. Polka dot is trending in the wrong"}, {"start": "00:05:51", "end": "00:05:54", "text": "way."}, {"start": "00:05:54", "end": "00:05:59", "text": "H if you can tell me any any other"}, {"start": "00:05:57", "end": "00:06:00", "text": "project that did just didn't peak a"}, {"start": "00:05:59", "end": "00:06:04", "text": "little bit too early, it would be Polka"}, {"start": "00:06:00", "end": "00:06:06", "text": "Dot. November 4th, 2021,"}, {"start": "00:06:04", "end": "00:06:09", "text": "Polka Dot was $54."}, {"start": "00:06:06", "end": "00:06:12", "text": "Wow. And now it's just bled out. And you"}, {"start": "00:06:09", "end": "00:06:15", "text": "have to wonder, I mean, Dr. Gavin Wood"}, {"start": "00:06:12", "end": "00:06:16", "text": "is is is the founder, chief architect."}, {"start": "00:06:15", "end": "00:06:19", "text": "He was a part of what I call the"}, {"start": "00:06:16", "end": "00:06:21", "text": "Ethereum mafia that created Ethereum and"}, {"start": "00:06:19", "end": "00:06:23", "text": "just, you know, kickstarted the whole"}, {"start": "00:06:21", "end": "00:06:25", "text": "altcoin boom. And he comes out with P"}, {"start": "00:06:23", "end": "00:06:26", "text": "Polka Dot and it's supposed to be the"}, {"start": "00:06:25", "end": "00:06:30", "text": "greatest technological marvel for"}, {"start": "00:06:26", "end": "00:06:33", "text": "crypto. And just sometimes stuff just"}, {"start": "00:06:30", "end": "00:06:35", "text": "doesn't work. So, uh, good luck to all"}, {"start": "00:06:33", "end": "00:06:38", "text": "the Polka Dot holders. I'm not one of"}, {"start": "00:06:35", "end": "00:06:39", "text": "them. I used to be. And, uh, that's"}, {"start": "00:06:38", "end": "00:06:42", "text": "what's going on. And I have to tell you,"}, {"start": "00:06:39", "end": "00:06:44", "text": "you know, things that are going on in"}, {"start": "00:06:42", "end": "00:06:46", "text": "the in the cryptosphere,"}, {"start": "00:06:44", "end": "00:06:48", "text": "there's some things that like Polka Dot"}, {"start": "00:06:46", "end": "00:06:50", "text": "I always felt like was a great project."}, {"start": "00:06:48", "end": "00:06:53", "text": "And there's other projects like Rave"}, {"start": "00:06:50", "end": "00:06:57", "text": "Dow, which is now number 35, uh, just so"}, {"start": "00:06:53", "end": "00:06:59", "text": "you know, uh, in the last 30 days, is up"}, {"start": "00:06:57", "end": "00:07:01", "text": "4,312%."}, {"start": "00:06:59", "end": "00:07:03", "text": "Now, I don't own any of this, and of"}, {"start": "00:07:01", "end": "00:07:05", "text": "course, people are going to tell me in"}, {"start": "00:07:03", "end": "00:07:08", "text": "the comment section how technologically"}, {"start": "00:07:05", "end": "00:07:10", "text": "superior it is. And I could say maybe it"}, {"start": "00:07:08", "end": "00:07:13", "text": "is, maybe it's not, but I can tell you"}, {"start": "00:07:10", "end": "00:07:16", "text": "that anything that goes from 35"}, {"start": "00:07:13", "end": "00:07:18", "text": "to $13,"}, {"start": "00:07:16", "end": "00:07:20", "text": "pretty amazing."}, {"start": "00:07:18", "end": "00:07:24", "text": "Is that mean that you're here for the"}, {"start": "00:07:20", "end": "00:07:26", "text": "tech, bro? Perhaps. I got to tell you,"}, {"start": "00:07:24", "end": "00:07:29", "text": "projects like this scare the hell out of"}, {"start": "00:07:26", "end": "00:07:31", "text": "me. But it is what makes crypto so"}, {"start": "00:07:29", "end": "00:07:33", "text": "fascinating. I know people say that you"}, {"start": "00:07:31", "end": "00:07:36", "text": "know crypto and all coins are dead and"}, {"start": "00:07:33", "end": "00:07:39", "text": "and it's all a scam maybe. But I can"}, {"start": "00:07:36", "end": "00:07:41", "text": "tell you good luck finding any of those"}, {"start": "00:07:39", "end": "00:07:44", "text": "returns anywhere else. And I think that"}, {"start": "00:07:41", "end": "00:07:46", "text": "is what will bring retail back is these"}, {"start": "00:07:44", "end": "00:07:48", "text": "gamles like this. It's not call sheets."}, {"start": "00:07:46", "end": "00:07:50", "text": "It's not poly market. All that nonsense"}, {"start": "00:07:48", "end": "00:07:53", "text": "which essentially just a bunch of"}, {"start": "00:07:50", "end": "00:07:54", "text": "massive insiders. These are the things I"}, {"start": "00:07:53", "end": "00:07:56", "text": "think that'll bring them up because it"}, {"start": "00:07:54", "end": "00:07:58", "text": "really comes down to number go up. Now,"}, {"start": "00:07:56", "end": "00:08:00", "text": "if you want to get into the tech, I"}, {"start": "00:07:58", "end": "00:08:03", "text": "think Bitcoin, Binance, Ethereum,"}, {"start": "00:08:00", "end": "00:08:05", "text": "Salana, Tron are pretty good. Bitcoin"}, {"start": "00:08:03", "end": "00:08:07", "text": "being the winner there. But these are"}, {"start": "00:08:05", "end": "00:08:09", "text": "the things that bring people back."}, {"start": "00:08:07", "end": "00:08:11", "text": "Anyhow, let me know how wrong I am in"}, {"start": "00:08:09", "end": "00:08:14", "text": "the comments section. And then lastly,"}, {"start": "00:08:11", "end": "00:08:16", "text": "for your bad news of the day,"}, {"start": "00:08:14", "end": "00:08:18", "text": "uh,"}, {"start": "00:08:16", "end": "00:08:21", "text": "somebody lost their entire life savings."}, {"start": "00:08:18", "end": "00:08:24", "text": "Now, I get a email roughly once or twice"}, {"start": "00:08:21", "end": "00:08:26", "text": "a month or so of people who have lost"}, {"start": "00:08:24", "end": "00:08:29", "text": "their entire life savings. And this is"}, {"start": "00:08:26", "end": "00:08:35", "text": "probably the most awful story I've heard"}, {"start": "00:08:29", "end": "00:08:36", "text": "of so far, maybe the second."}, {"start": "00:08:35", "end": "00:08:39", "text": "And what it is, it's something that"}, {"start": "00:08:36", "end": "00:08:41", "text": "should never have happened."}, {"start": "00:08:39", "end": "00:08:43", "text": "On the Android app store, you have"}, {"start": "00:08:41", "end": "00:08:44", "text": "nothing but scams and a bunch of"}, {"start": "00:08:43", "end": "00:08:47", "text": "nonsense. So, they just let it all in."}, {"start": "00:08:44", "end": "00:08:50", "text": "That's Google. Whatever. Apple has been"}, {"start": "00:08:47", "end": "00:08:53", "text": "the shining light of not allowing the"}, {"start": "00:08:50", "end": "00:08:56", "text": "majority of scammers and hack artists to"}, {"start": "00:08:53", "end": "00:08:59", "text": "be able to put in their apps into their"}, {"start": "00:08:56", "end": "00:09:03", "text": "store. Very uh stringent"}, {"start": "00:08:59", "end": "00:09:06", "text": "amount of of oversight that Apple does."}, {"start": "00:09:03", "end": "00:09:09", "text": "Well, it didn't work this time. A fake"}, {"start": "00:09:06", "end": "00:09:12", "text": "Ledger Live app, again, a fake Ledger"}, {"start": "00:09:09", "end": "00:09:15", "text": "Live app on Apple's Mac app store just"}, {"start": "00:09:12", "end": "00:09:18", "text": "wiped out a user's life savings. That"}, {"start": "00:09:15", "end": "00:09:21", "text": "sucks. American musician Garrett Dutton,"}, {"start": "00:09:18", "end": "00:09:23", "text": "I don't know who that is, lost uh 5.92"}, {"start": "00:09:21", "end": "00:09:24", "text": "Bitcoin, which is worth almost half a"}, {"start": "00:09:23", "end": "00:09:27", "text": "million, after downloading what looked"}, {"start": "00:09:24", "end": "00:09:29", "text": "like the official app and entering his"}, {"start": "00:09:27", "end": "00:09:30", "text": "24word seed phrase. Now, of course,"}, {"start": "00:09:29", "end": "00:09:31", "text": "everybody's going to say, \"Oh, what a"}, {"start": "00:09:30", "end": "00:09:32", "text": " He shouldn't have put a seed"}, {"start": "00:09:31", "end": "00:09:35", "text": "phrase in there.\" And nobody does that."}, {"start": "00:09:32", "end": "00:09:37", "text": "That's just stupid. And trust me, maybe"}, {"start": "00:09:35", "end": "00:09:40", "text": "you had a rough day. Maybe you just"}, {"start": "00:09:37", "end": "00:09:43", "text": "found out that uh you know, you got some"}, {"start": "00:09:40", "end": "00:09:45", "text": "bad bad news from somebody. Maybe you're"}, {"start": "00:09:43", "end": "00:09:47", "text": "extremely exhausted. you were up 24"}, {"start": "00:09:45", "end": "00:09:49", "text": "hours straight. Maybe you were, I don't"}, {"start": "00:09:47", "end": "00:09:51", "text": "know, at a Bitcoin conference and didn't"}, {"start": "00:09:49", "end": "00:09:52", "text": "know what the hell was going on. These"}, {"start": "00:09:51", "end": "00:09:54", "text": "things happen. You put in a seed fridge"}, {"start": "00:09:52", "end": "00:09:57", "text": "like, \"Yeah, whatever.\" And then boom,"}, {"start": "00:09:54", "end": "00:10:00", "text": "everything's gone. And Zack XBT,"}, {"start": "00:09:57", "end": "00:10:02", "text": "online sleuth, traced the stolen Bitcoin"}, {"start": "00:10:00", "end": "00:10:04", "text": "exchange deposit addresses and publicly"}, {"start": "00:10:02", "end": "00:10:07", "text": "question how the app made it through"}, {"start": "00:10:04", "end": "00:10:08", "text": "Apple's gatekeeping."}, {"start": "00:10:07", "end": "00:10:12", "text": "And Apple's like, \"We're not going to"}, {"start": "00:10:08", "end": "00:10:15", "text": "respond to that.\" So, that sucks. Having"}, {"start": "00:10:12", "end": "00:10:18", "text": "said all that, what do we do? Well,"}, {"start": "00:10:15", "end": "00:10:20", "text": "we've got a sphere of control, right? We"}, {"start": "00:10:18", "end": "00:10:22", "text": "have to learn from these mistakes. We"}, {"start": "00:10:20", "end": "00:10:23", "text": "have to learn from what's going on and"}, {"start": "00:10:22", "end": "00:10:26", "text": "we have to protect ourselves as much as"}, {"start": "00:10:23", "end": "00:10:28", "text": "possible. First of all, take things off"}, {"start": "00:10:26", "end": "00:10:29", "text": "of exchanges. There's a reason why I"}, {"start": "00:10:28", "end": "00:10:32", "text": "wrote these rules. It's not so I can"}, {"start": "00:10:29", "end": "00:10:34", "text": "waste my breath. Number one, it's all"}, {"start": "00:10:32", "end": "00:10:36", "text": "gone. Don't invest more than you can"}, {"start": "00:10:34", "end": "00:10:38", "text": "afford to lose. Number two, everything's"}, {"start": "00:10:36", "end": "00:10:40", "text": "a scam. Even things that I say to you"}, {"start": "00:10:38", "end": "00:10:42", "text": "right now could be a scam. I could be"}, {"start": "00:10:40", "end": "00:10:44", "text": "AI. you don't know. Also, don't leave"}, {"start": "00:10:42", "end": "00:10:47", "text": "things in exchanges. Take them off as"}, {"start": "00:10:44", "end": "00:10:48", "text": "soon as possible. Case in point, a"}, {"start": "00:10:47", "end": "00:10:51", "text": "little crack in action. Don't use"}, {"start": "00:10:48", "end": "00:10:53", "text": "leverage, although I've kind of softened"}, {"start": "00:10:51", "end": "00:10:55", "text": "my position. Maybe a 2x or a 3x, not a"}, {"start": "00:10:53", "end": "00:10:58", "text": "50 or 100x. And for Pete's sakes, take"}, {"start": "00:10:55", "end": "00:10:59", "text": "profits. Talk to the people who bought"}, {"start": "00:10:58", "end": "00:11:03", "text": "Polka Dot and they'll tell you the exact"}, {"start": "00:10:59", "end": "00:11:06", "text": "same thing. So, having said all that,"}, {"start": "00:11:03", "end": "00:11:08", "text": "diversify, diversify, diversify your"}, {"start": "00:11:06", "end": "00:11:13", "text": "storage. Get a ledger, get a tangent,"}, {"start": "00:11:08", "end": "00:11:15", "text": "use it. Also, Roth IAS use iTrusts if"}, {"start": "00:11:13", "end": "00:11:17", "text": "you're looking in for retirement. That's"}, {"start": "00:11:15", "end": "00:11:19", "text": "what I've used. I've used them since"}, {"start": "00:11:17", "end": "00:11:21", "text": "2021. Still pretty great. And of course,"}, {"start": "00:11:19", "end": "00:11:24", "text": "for custody accounts, you guys all know"}, {"start": "00:11:21", "end": "00:11:25", "text": "this. That is a very it's a pain in the"}, {"start": "00:11:24", "end": "00:11:27", "text": "A to take it off, but it works. Anyhow,"}, {"start": "00:11:25", "end": "00:11:30", "text": "Tang and Ledger and all that great"}, {"start": "00:11:27", "end": "00:11:32", "text": "stuff, but again, Roth IRA, I trust"}, {"start": "00:11:30", "end": "00:11:34", "text": "pretty good stuff."}, {"start": "00:11:32", "end": "00:11:37", "text": "So, that is just something that we can"}, {"start": "00:11:34", "end": "00:11:40", "text": "do to protect ourselves as we go through"}, {"start": "00:11:37", "end": "00:11:45", "text": "these things. just get it out of there"}, {"start": "00:11:40", "end": "00:11:45", "text": "as much as possible. So that is your"}, {"start": "00:11:47", "end": "00:11:52", "text": "Now I'm going to start off with some"}, {"start": "00:11:50", "end": "00:11:55", "text": "positive stuff or lead off or excuse me"}, {"start": "00:11:52", "end": "00:11:59", "text": "finish off with some positive because we"}, {"start": "00:11:55", "end": "00:12:00", "text": "all need it. This is a good story. Tom"}, {"start": "00:11:59", "end": "00:12:03", "text": "Lee's Bit Mine makes biggest Ethereum"}, {"start": "00:12:00", "end": "00:12:06", "text": "buy since December. There's Tommy"}, {"start": "00:12:03", "end": "00:12:07", "text": "looking very sharp. Uh and this was"}, {"start": "00:12:06", "end": "00:12:10", "text": "April. This was today. publicly traded"}, {"start": "00:12:07", "end": "00:12:12", "text": "Ethereum treasury Bitmine"}, {"start": "00:12:10", "end": "00:12:13", "text": "made its largest weekly purchase of ETH"}, {"start": "00:12:12", "end": "00:12:18", "text": "since December."}, {"start": "00:12:13", "end": "00:12:21", "text": "They added 71,000 ETH valued around $157"}, {"start": "00:12:18", "end": "00:12:25", "text": "million. And they they hold almost 5"}, {"start": "00:12:21", "end": "00:12:27", "text": "million ETH worth more than 10 billion"}, {"start": "00:12:25", "end": "00:12:28", "text": "as whatever the price of of Ethereum is."}, {"start": "00:12:27", "end": "00:12:31", "text": "So I like to see these things because"}, {"start": "00:12:28", "end": "00:12:33", "text": "that means conviction and I like these"}, {"start": "00:12:31", "end": "00:12:35", "text": "digital asset treasuries. So maybe Tom"}, {"start": "00:12:33", "end": "00:12:37", "text": "is on the up and up. That sounds pretty"}, {"start": "00:12:35", "end": "00:12:40", "text": "good. Also, not to be outdone, Michael"}, {"start": "00:12:37", "end": "00:12:44", "text": "Sailor, Micro Strategy, they just bought"}, {"start": "00:12:40", "end": "00:12:45", "text": "uh 13 Wow, almost 14,000 Bitcoin today."}, {"start": "00:12:44", "end": "00:12:47", "text": "I like I love this website,"}, {"start": "00:12:45", "end": "00:12:49", "text": "strategy.com/purchases."}, {"start": "00:12:47", "end": "00:12:53", "text": "You can just see all of their man,"}, {"start": "00:12:49", "end": "00:12:55", "text": "they've done nothing but buy. So, good"}, {"start": "00:12:53", "end": "00:12:57", "text": "for them. And you can just see that as"}, {"start": "00:12:55", "end": "00:13:00", "text": "of right now, as of today, they have"}, {"start": "00:12:57", "end": "00:13:02", "text": "almost almost 800,000 Bitcoin. And this"}, {"start": "00:13:00", "end": "00:13:07", "text": "was interesting. I did not know this."}, {"start": "00:13:02", "end": "00:13:10", "text": "the average Bitcoin cost 75,000"}, {"start": "00:13:07", "end": "00:13:11", "text": "then acquired cost and the amount of"}, {"start": "00:13:10", "end": "00:13:13", "text": "Bitcoin. So if you'd like to look at"}, {"start": "00:13:11", "end": "00:13:15", "text": "that strategy.com/purchases"}, {"start": "00:13:13", "end": "00:13:18", "text": "seems like Michael Sailor will be buying"}, {"start": "00:13:15", "end": "00:13:20", "text": "the top forever as he said before but"}, {"start": "00:13:18", "end": "00:13:23", "text": "again almost 1 million Bitcoin has been"}, {"start": "00:13:20", "end": "00:13:26", "text": "acquired and uh that is no small feat."}, {"start": "00:13:23", "end": "00:13:26", "text": "Also,"}, {"start": "00:13:26", "end": "00:13:34", "text": "there is a good piece of information"}, {"start": "00:13:30", "end": "00:13:36", "text": "on this gentleman. I'm not from the UK."}, {"start": "00:13:34", "end": "00:13:39", "text": "Nigel Farage,"}, {"start": "00:13:36", "end": "00:13:43", "text": "UK member of Parliament, leader of the"}, {"start": "00:13:39", "end": "00:13:45", "text": "Reformed UK party. Uh, apparently he"}, {"start": "00:13:43", "end": "00:13:46", "text": "just bought a bunch of Bitcoin for a"}, {"start": "00:13:45", "end": "00:13:48", "text": "digital asset treasury. So, take a"}, {"start": "00:13:46", "end": "00:13:50", "text": "listen to this. This, I think, is uh the"}, {"start": "00:13:48", "end": "00:13:54", "text": "first time a member of parliament in the"}, {"start": "00:13:50", "end": "00:13:57", "text": "UK has bought Bitcoin. Take a listen."}, {"start": "00:13:54", "end": "00:14:00", "text": ">> We are about to place our Bitcoin order."}, {"start": "00:13:57", "end": "00:14:04", "text": "Well, Stack cannot be a Bitcoin treasury"}, {"start": "00:14:00", "end": "00:14:08", "text": "unless we buy Bitcoin, which is exactly"}, {"start": "00:14:04", "end": "00:14:08", "text": "what we've done today."}, {"start": "00:14:10", "end": "00:14:14", "text": "The company's really starting to get"}, {"start": "00:14:12", "end": "00:14:16", "text": "moving. And what great partners we've"}, {"start": "00:14:14", "end": "00:14:18", "text": "got in blockchain.com."}, {"start": "00:14:16", "end": "00:14:20", "text": "I'm delighted to be able to announce the"}, {"start": "00:14:18", "end": "00:14:23", "text": "massive progress we've made at stack"}, {"start": "00:14:20", "end": "00:14:25", "text": "only in a few weeks. In March, we were"}, {"start": "00:14:23", "end": "00:14:27", "text": "the number one traded stock on the Aquis"}, {"start": "00:14:25", "end": "00:14:30", "text": "exchange. We've got great partners,"}, {"start": "00:14:27", "end": "00:14:32", "text": "Blockchain.com, Nigel Farage, everyone"}, {"start": "00:14:30", "end": "00:14:34", "text": "coming together to build an incredible"}, {"start": "00:14:32", "end": "00:14:37", "text": "business. This is only the beginning of"}, {"start": "00:14:34", "end": "00:14:40", "text": "a great journey."}, {"start": "00:14:37", "end": "00:14:43", "text": ">> Great. So, uh, I hope that politician is"}, {"start": "00:14:40", "end": "00:14:46", "text": "does better with the Bitcoin that they"}, {"start": "00:14:43", "end": "00:14:47", "text": "purchase as opposed to the politicians"}, {"start": "00:14:46", "end": "00:14:50", "text": "that we have here in the United States"}, {"start": "00:14:47", "end": "00:14:52", "text": "that like to, you know, uh, say that"}, {"start": "00:14:50", "end": "00:14:55", "text": "they're Bitcoin first, then release a"}, {"start": "00:14:52", "end": "00:14:58", "text": "memecoin and then rugpull all of the"}, {"start": "00:14:55", "end": "00:15:01", "text": "inhabitants that actually buy that said"}, {"start": "00:14:58", "end": "00:15:02", "text": "memecoin. So, good job for Nigel. Hope"}, {"start": "00:15:01", "end": "00:15:04", "text": "it works out for him. Hope it works out"}, {"start": "00:15:02", "end": "00:15:07", "text": "for the UK. That's just me ranting. And"}, {"start": "00:15:04", "end": "00:15:09", "text": "then finally also for politicians there"}, {"start": "00:15:07", "end": "00:15:13", "text": "was a great uh interview. This is"}, {"start": "00:15:09", "end": "00:15:15", "text": "between Randy Hipper uh for Miss Team"}, {"start": "00:15:13", "end": "00:15:18", "text": "Bitcoin. Well, what was Miss Team now?"}, {"start": "00:15:15", "end": "00:15:20", "text": "She's 23. And she introduc or she"}, {"start": "00:15:18", "end": "00:15:22", "text": "interviewed James Fishbach who is"}, {"start": "00:15:20", "end": "00:15:24", "text": "running for the governor of Florida. And"}, {"start": "00:15:22", "end": "00:15:26", "text": "I listened to well I actually got to"}, {"start": "00:15:24", "end": "00:15:28", "text": "like 10 minutes but take a listen to"}, {"start": "00:15:26", "end": "00:15:30", "text": "this interview as they go back and"}, {"start": "00:15:28", "end": "00:15:32", "text": "forth. Both of them I believe are from"}, {"start": "00:15:30", "end": "00:15:34", "text": "New York and they talk about freedom and"}, {"start": "00:15:32", "end": "00:15:35", "text": "what that actually means. And I got to"}, {"start": "00:15:34", "end": "00:15:37", "text": "tell you, it was a great exchange. So, I"}, {"start": "00:15:35", "end": "00:15:40", "text": "linked that in the description. You can"}, {"start": "00:15:37", "end": "00:15:43", "text": "check it out. But again, a Bitcoin"}, {"start": "00:15:40", "end": "00:15:45", "text": "strategic reserve for Florida."}, {"start": "00:15:43", "end": "00:15:48", "text": "Florida is just doing great things as"}, {"start": "00:15:45", "end": "00:15:51", "text": "everybody flees from certain states to"}, {"start": "00:15:48", "end": "00:15:53", "text": "move to Florida for a lot of great"}, {"start": "00:15:51", "end": "00:15:56", "text": "reasons. And I understand why Randy"}, {"start": "00:15:53", "end": "00:15:57", "text": "interviewed James. Anyhow, check that"}, {"start": "00:15:56", "end": "00:15:58", "text": "out. Links in the description. That's it"}, {"start": "00:15:57", "end": "00:16:00", "text": "for today. So, look, if you like today's"}, {"start": "00:15:58", "end": "00:16:01", "text": "video, give a thumbs up, consider"}, {"start": "00:16:00", "end": "00:16:03", "text": "subscribing. We talk about is"}, {"start": "00:16:01", "end": "00:16:06", "text": "timesensitive. Now, let's get into a"}, {"start": "00:16:03", "end": "00:16:09", "text": "little Q&A and we'll go from there. I"}, {"start": "00:16:06", "end": "00:16:10", "text": "can't I can't possibly imagine which US"}, {"start": "00:16:09", "end": "00:16:15", "text": "politician I was referring to. We all"}, {"start": "00:16:10", "end": "00:16:17", "text": "know it's Trump. Trump and his family. I"}, {"start": "00:16:15", "end": "00:16:20", "text": "don't know what they were thinking for a"}, {"start": "00:16:17", "end": "00:16:22", "text": "memecoin, two of them. And then they"}, {"start": "00:16:20", "end": "00:16:24", "text": "actually rugpulled Justin's son of all"}, {"start": "00:16:22", "end": "00:16:26", "text": "people. And people like, well, doesn't"}, {"start": "00:16:24", "end": "00:16:28", "text": "Justin Sun rugpool people? That's not"}, {"start": "00:16:26", "end": "00:16:31", "text": "the point."}, {"start": "00:16:28", "end": "00:16:33", "text": "The point is, World Liberty Financial"}, {"start": "00:16:31", "end": "00:16:37", "text": "was just an abomination. And that"}, {"start": "00:16:33", "end": "00:16:40", "text": "memecoin was essentially him and his"}, {"start": "00:16:37", "end": "00:16:42", "text": "family, correct me if I'm wrong here,"}, {"start": "00:16:40", "end": "00:16:46", "text": "rug pulling us."}, {"start": "00:16:42", "end": "00:16:47", "text": "There you go. Anyhow, I checked my"}, {"start": "00:16:46", "end": "00:16:49", "text": "email, but no email from Crack. That's"}, {"start": "00:16:47", "end": "00:16:52", "text": "great, Rusty. Sounds things are going"}, {"start": "00:16:49", "end": "00:16:54", "text": "your way. Um,"}, {"start": "00:16:52", "end": "00:16:56", "text": "Vin Manalo says, \"You're depending on"}, {"start": "00:16:54", "end": "00:16:57", "text": "whether Clarity will make it this week.\""}, {"start": "00:16:56", "end": "00:16:59", "text": "I don't know, but I got to tell you,"}, {"start": "00:16:57", "end": "00:17:01", "text": "Clarity Act, I hope it gets passed, but"}, {"start": "00:16:59", "end": "00:17:04", "text": "it seems like every time I'm on Twitter"}, {"start": "00:17:01", "end": "00:17:06", "text": "or X, there's always a post about how uh"}, {"start": "00:17:04", "end": "00:17:08", "text": "Clarity is going to it's it's a done"}, {"start": "00:17:06", "end": "00:17:10", "text": "deal. These things are happening."}, {"start": "00:17:08", "end": "00:17:13", "text": "Breaking news, Clarity Act, it's about"}, {"start": "00:17:10", "end": "00:17:15", "text": "to be passed. It's like, when is this"}, {"start": "00:17:13", "end": "00:17:17", "text": "going to everybody's going to shut up"}, {"start": "00:17:15", "end": "00:17:19", "text": "about this? Because who knows if it is."}, {"start": "00:17:17", "end": "00:17:21", "text": "Then, to answer your question, I sure"}, {"start": "00:17:19", "end": "00:17:23", "text": "hope so, but I'm not going to hold my"}, {"start": "00:17:21", "end": "00:17:25", "text": "breath on it. And if it doesn't get"}, {"start": "00:17:23", "end": "00:17:26", "text": "passed soon with the midterm elections"}, {"start": "00:17:25", "end": "00:17:28", "text": "coming up, we're not going to pass this"}, {"start": "00:17:26", "end": "00:17:32", "text": "for quite a long time. And it's going to"}, {"start": "00:17:28", "end": "00:17:34", "text": "be a bummer. So, let's pray for that to"}, {"start": "00:17:32", "end": "00:17:38", "text": "actually go through. I mean, just for"}, {"start": "00:17:34", "end": "00:17:42", "text": "our bags alone. All right."}, {"start": "00:17:38", "end": "00:17:43", "text": "Texas is like blow fin. Exactly."}, {"start": "00:17:42", "end": "00:17:45", "text": "Where dogs drive. It's been some time."}, {"start": "00:17:43", "end": "00:17:48", "text": "Nobody ever thinks it could happen to"}, {"start": "00:17:45", "end": "00:17:50", "text": "them. Yeah. you know, for hacks and and"}, {"start": "00:17:48", "end": "00:17:52", "text": "scammers and everything else. It's so"}, {"start": "00:17:50", "end": "00:17:55", "text": "easy to have it happen to you. That's"}, {"start": "00:17:52", "end": "00:17:57", "text": "why I say like like the best investor,"}, {"start": "00:17:55", "end": "00:17:58", "text": "the best investors out of all of these"}, {"start": "00:17:57", "end": "00:18:01", "text": "cycles"}, {"start": "00:17:58", "end": "00:18:05", "text": "is not Michael Sailor."}, {"start": "00:18:01", "end": "00:18:08", "text": "It's not Tom Lee. It's not Rob from"}, {"start": "00:18:05", "end": "00:18:11", "text": "Digital Asset News. The best investors"}, {"start": "00:18:08", "end": "00:18:12", "text": "out of all cycles across all"}, {"start": "00:18:11", "end": "00:18:15", "text": "cryptopheres"}, {"start": "00:18:12", "end": "00:18:17", "text": "have been the scammers and the hackers."}, {"start": "00:18:15", "end": "00:18:19", "text": "They didn't put one dime of money into"}, {"start": "00:18:17", "end": "00:18:22", "text": "anything. All they had to do was just"}, {"start": "00:18:19", "end": "00:18:24", "text": "screw the people over that they reach"}, {"start": "00:18:22", "end": "00:18:26", "text": "out to and fishing attacks and"}, {"start": "00:18:24", "end": "00:18:28", "text": "poisonings and things like that. Those"}, {"start": "00:18:26", "end": "00:18:32", "text": "are the ones that for as far as like an"}, {"start": "00:18:28", "end": "00:18:35", "text": "ROI massive. So, and it's only going to"}, {"start": "00:18:32", "end": "00:18:36", "text": "get worse unfortunately. That's why you"}, {"start": "00:18:35", "end": "00:18:38", "text": "have to be super vigilant or just do"}, {"start": "00:18:36", "end": "00:18:40", "text": "what I do and just offload. Say, \"Look,"}, {"start": "00:18:38", "end": "00:18:43", "text": "I don't want to"}, {"start": "00:18:40", "end": "00:18:46", "text": "I'll keep some on my cold storage"}, {"start": "00:18:43", "end": "00:18:49", "text": "devices. I will not keep on exchanges."}, {"start": "00:18:46", "end": "00:18:51", "text": "I'm going to use the u institutional"}, {"start": "00:18:49", "end": "00:18:53", "text": "grade custody"}, {"start": "00:18:51", "end": "00:18:57", "text": "and over it trust and then just kind of"}, {"start": "00:18:53", "end": "00:18:57", "text": "diversify and that's it."}, {"start": "00:19:02", "end": "00:19:05", "text": "Tenum says the Trump rug was obvious."}, {"start": "00:19:04", "end": "00:19:06", "text": "Hopefully everybody that fell for it"}, {"start": "00:19:05", "end": "00:19:09", "text": "learned something of supply and market"}, {"start": "00:19:06", "end": "00:19:10", "text": "cap. It's it's always in retrospect,"}, {"start": "00:19:09", "end": "00:19:12", "text": "right? We always look back and go,"}, {"start": "00:19:10", "end": "00:19:17", "text": "\"Well, obviously that was going to be a"}, {"start": "00:19:12", "end": "00:19:17", "text": "scam.\" But uh here we are."}, {"start": "00:19:20", "end": "00:19:25", "text": "Ah for Dan and the fam I'm speaking with"}, {"start": "00:19:22", "end": "00:19:26", "text": "some blueco collar guys. Any good"}, {"start": "00:19:25", "end": "00:19:29", "text": "reading that helped open your eyes to"}, {"start": "00:19:26", "end": "00:19:32", "text": "the financial reality reality that is"}, {"start": "00:19:29", "end": "00:19:32", "text": "the USD."}, {"start": "00:19:34", "end": "00:19:39", "text": "The first one I was ever read was uh"}, {"start": "00:19:36", "end": "00:19:42", "text": "Robert Kiyosaki."}, {"start": "00:19:39", "end": "00:19:43", "text": "And uh I always you know Rich Dad Poor"}, {"start": "00:19:42", "end": "00:19:45", "text": "Dad. That's where I got into to real"}, {"start": "00:19:43", "end": "00:19:49", "text": "estate. But the next one is really good"}, {"start": "00:19:45", "end": "00:19:51", "text": "is um former"}, {"start": "00:19:49", "end": "00:19:55", "text": "economic advisor to to Ronald Reagan was"}, {"start": "00:19:51", "end": "00:19:58", "text": "Milton Freriedman. And he pretty much"}, {"start": "00:19:55", "end": "00:20:00", "text": "lays out where inflation came from. This"}, {"start": "00:19:58", "end": "00:20:02", "text": "is from the late 70s to early 80s. And"}, {"start": "00:20:00", "end": "00:20:04", "text": "he says,"}, {"start": "00:20:02", "end": "00:20:05", "text": "and this is where it's so important"}, {"start": "00:20:04", "end": "00:20:08", "text": "because if you don't understand"}, {"start": "00:20:05", "end": "00:20:09", "text": "inflation, if you were like me, I just"}, {"start": "00:20:08", "end": "00:20:11", "text": "would listen to the politicians because"}, {"start": "00:20:09", "end": "00:20:13", "text": "I was an idiot and they would say,"}, {"start": "00:20:11", "end": "00:20:15", "text": "\"These damn greedy corporations, they're"}, {"start": "00:20:13", "end": "00:20:16", "text": "raising those prices. We've got to tax"}, {"start": "00:20:15", "end": "00:20:18", "text": "the living t of these corporations."}, {"start": "00:20:16", "end": "00:20:22", "text": "That's the only way forward.\" And then"}, {"start": "00:20:18", "end": "00:20:25", "text": "when I watched Milton Freeman from 1981"}, {"start": "00:20:22", "end": "00:20:27", "text": "or two say, \"Well, inflation comes from"}, {"start": "00:20:25", "end": "00:20:29", "text": "one place and one place only. that is"}, {"start": "00:20:27", "end": "00:20:30", "text": "the US or that is the American"}, {"start": "00:20:29", "end": "00:20:33", "text": "government and all governments across"}, {"start": "00:20:30", "end": "00:20:34", "text": "the world their printing of money leads"}, {"start": "00:20:33", "end": "00:20:36", "text": "to massive amounts of inflation. Now"}, {"start": "00:20:34", "end": "00:20:37", "text": "sure of course they can raise their"}, {"start": "00:20:36", "end": "00:20:40", "text": "prices but really what it comes down to"}, {"start": "00:20:37", "end": "00:20:41", "text": "is the the cost of goods and services"}, {"start": "00:20:40", "end": "00:20:43", "text": "starts to increase and it affects"}, {"start": "00:20:41", "end": "00:20:46", "text": "everybody. That's why we always take a"}, {"start": "00:20:43", "end": "00:20:48", "text": "look at CPI numbers"}, {"start": "00:20:46", "end": "00:20:50", "text": "and manufacturing inflation such and so"}, {"start": "00:20:48", "end": "00:20:52", "text": "forth. So like for me just send them to"}, {"start": "00:20:50", "end": "00:20:54", "text": "anything with Milton Freeman from all"}, {"start": "00:20:52", "end": "00:20:55", "text": "the way back in the 80s. They'll be"}, {"start": "00:20:54", "end": "00:20:58", "text": "happy. They had a book. I forgot the"}, {"start": "00:20:55", "end": "00:21:00", "text": "name of it though. It's pretty good."}, {"start": "00:20:58", "end": "00:21:02", "text": "Yeah. Drizz said this. Justin Sun had"}, {"start": "00:21:00", "end": "00:21:04", "text": "his his World Liberty financial wallet"}, {"start": "00:21:02", "end": "00:21:07", "text": "frozen."}, {"start": "00:21:04", "end": "00:21:09", "text": "Yeah, I know. And you know, like I make"}, {"start": "00:21:07", "end": "00:21:12", "text": "fun of Justin Sun every so often, but I"}, {"start": "00:21:09", "end": "00:21:16", "text": "mean to be honest,"}, {"start": "00:21:12", "end": "00:21:16", "text": "let me show you."}, {"start": "00:21:16", "end": "00:21:19", "text": "I was talking about this yesterday."}, {"start": "00:21:17", "end": "00:21:20", "text": "Someone I forgot who put it in. They"}, {"start": "00:21:19", "end": "00:21:22", "text": "said, \"Rob, they said, \"I'm surprised"}, {"start": "00:21:20", "end": "00:21:24", "text": "you're actually into altcoins at all"}, {"start": "00:21:22", "end": "00:21:25", "text": "because why wouldn't you just be into"}, {"start": "00:21:24", "end": "00:21:28", "text": "Bitcoin? that seems like the safest bet."}, {"start": "00:21:25", "end": "00:21:31", "text": "I go, \"Yeah, it is the safest bet.\" But"}, {"start": "00:21:28", "end": "00:21:34", "text": "I mean, you have to kind of look"}, {"start": "00:21:31", "end": "00:21:37", "text": "12, 18, 24 months forward as best you"}, {"start": "00:21:34", "end": "00:21:38", "text": "can. And Stanley Ducken Miller, we"}, {"start": "00:21:37", "end": "00:21:41", "text": "talked about this three or four days"}, {"start": "00:21:38", "end": "00:21:42", "text": "ago. He said, \"If you can't do that,"}, {"start": "00:21:41", "end": "00:21:44", "text": "then if you're just looking at where the"}, {"start": "00:21:42", "end": "00:21:47", "text": "markets are now, you're not going to get"}, {"start": "00:21:44", "end": "00:21:49", "text": "ahead. You have to kind of take a look"}, {"start": "00:21:47", "end": "00:21:51", "text": "around you, get an assessment, move"}, {"start": "00:21:49", "end": "00:21:53", "text": "forward.\" I I still think that payments"}, {"start": "00:21:51", "end": "00:21:57", "text": "are going to be a big thing and because"}, {"start": "00:21:53", "end": "00:21:58", "text": "of that the big the big rails are"}, {"start": "00:21:57", "end": "00:22:00", "text": "Binance, Ethereum, Salana, Tron. I don't"}, {"start": "00:21:58", "end": "00:22:02", "text": "think that Bitcoin is going to be used"}, {"start": "00:22:00", "end": "00:22:05", "text": "for payments even though I want it to be"}, {"start": "00:22:02", "end": "00:22:08", "text": "and we talked about why. But if you take"}, {"start": "00:22:05", "end": "00:22:10", "text": "a look at Tron over the last seven days"}, {"start": "00:22:08", "end": "00:22:12", "text": "obviously, but if we zoom out a little"}, {"start": "00:22:10", "end": "00:22:16", "text": "bit"}, {"start": "00:22:12", "end": "00:22:19", "text": "as far as Tron Tron goes in 24 hours,"}, {"start": "00:22:16", "end": "00:22:22", "text": "not too great, right? But look at this."}, {"start": "00:22:19", "end": "00:22:26", "text": "Seven days, not bad. One month, not too"}, {"start": "00:22:22", "end": "00:22:29", "text": "bad. Three months, not too bad. One"}, {"start": "00:22:26", "end": "00:22:31", "text": "year, it's pretty good. And then max"}, {"start": "00:22:29", "end": "00:22:32", "text": "out,"}, {"start": "00:22:31", "end": "00:22:34", "text": "well, it's close to actually its"}, {"start": "00:22:32", "end": "00:22:36", "text": "all-time high, which was around, what is"}, {"start": "00:22:34", "end": "00:22:38", "text": "this,"}, {"start": "00:22:36", "end": "00:22:40", "text": "40 cents,"}, {"start": "00:22:38", "end": "00:22:44", "text": "we're doing pretty well. And actually,"}, {"start": "00:22:40", "end": "00:22:46", "text": "over the last year, it's up 26%."}, {"start": "00:22:44", "end": "00:22:48", "text": "Now, Bitcoin,"}, {"start": "00:22:46", "end": "00:22:50", "text": "and of course, we can cherrypick numbers"}, {"start": "00:22:48", "end": "00:22:52", "text": "all day long. I get it. I get it. I get"}, {"start": "00:22:50", "end": "00:22:56", "text": "it. Over the last year, as good as"}, {"start": "00:22:52", "end": "00:22:59", "text": "Bitcoin's done, it's down 14 almost 15%."}, {"start": "00:22:56", "end": "00:23:01", "text": "So, people say, \"Well, it's so risky.\" I"}, {"start": "00:22:59", "end": "00:23:03", "text": "think what's risky is stuff like this. I"}, {"start": "00:23:01", "end": "00:23:05", "text": "don't know what the hell this is. The"}, {"start": "00:23:03", "end": "00:23:08", "text": "centralized autonomous organization,"}, {"start": "00:23:05", "end": "00:23:10", "text": "RAD, great. If you own it, fantastic."}, {"start": "00:23:08", "end": "00:23:12", "text": "I'm gonna guess that people are going to"}, {"start": "00:23:10", "end": "00:23:15", "text": "start dumping that like crazy."}, {"start": "00:23:12", "end": "00:23:18", "text": "But I'll stick to my thesis. Maybe I'm"}, {"start": "00:23:15", "end": "00:23:19", "text": "wrong. Maybe I'm right."}, {"start": "00:23:18", "end": "00:23:22", "text": "William says, \"Rob, are you buying"}, {"start": "00:23:19", "end": "00:23:24", "text": "Bitcoin or are you DCing?\" So, as of"}, {"start": "00:23:22", "end": "00:23:26", "text": "yesterday,"}, {"start": "00:23:24", "end": "00:23:28", "text": "well, I've been buying Bitcoin every"}, {"start": "00:23:26", "end": "00:23:31", "text": "single Monday. We talked about why. And"}, {"start": "00:23:28", "end": "00:23:33", "text": "we talked about how, not how much, but"}, {"start": "00:23:31", "end": "00:23:35", "text": "risk factors and risk bands that we use"}, {"start": "00:23:33", "end": "00:23:38", "text": "from Ben's website. And I've been doing"}, {"start": "00:23:35", "end": "00:23:40", "text": "this for three, four months or something"}, {"start": "00:23:38", "end": "00:23:42", "text": "like that. I can't remember. But yeah,"}, {"start": "00:23:40", "end": "00:23:43", "text": "and I use the Cash App. And people will"}, {"start": "00:23:42", "end": "00:23:45", "text": "say, \"Well, why use the Cash App? The"}, {"start": "00:23:43", "end": "00:23:47", "text": "spreads are are big.\" The spreads are"}, {"start": "00:23:45", "end": "00:23:49", "text": "big on Cash App and the fees are"}, {"start": "00:23:47", "end": "00:23:50", "text": "ridiculous. However, there's a trick."}, {"start": "00:23:49", "end": "00:23:52", "text": "And there's a link in the description"}, {"start": "00:23:50", "end": "00:23:55", "text": "where I show you the trick. The trick is"}, {"start": "00:23:52", "end": "00:23:57", "text": "you can't just buy it as a oneoff. If"}, {"start": "00:23:55", "end": "00:23:59", "text": "you set it up to dollar cost average"}, {"start": "00:23:57", "end": "00:24:01", "text": "where you buy it every day, every three"}, {"start": "00:23:59", "end": "00:24:03", "text": "days, every week, every month, then the"}, {"start": "00:24:01", "end": "00:24:06", "text": "spread gets massively shortened and"}, {"start": "00:24:03", "end": "00:24:07", "text": "there's no fees. Pretty cool. I think"}, {"start": "00:24:06", "end": "00:24:11", "text": "that these are actually gonna start"}, {"start": "00:24:07", "end": "00:24:13", "text": "being put in later. But Jack Dorsey"}, {"start": "00:24:11", "end": "00:24:16", "text": "really wants people"}, {"start": "00:24:13", "end": "00:24:19", "text": "to have Bitcoin and if you're dollar"}, {"start": "00:24:16", "end": "00:24:20", "text": "cost average, it's super cheap to do it."}, {"start": "00:24:19", "end": "00:24:22", "text": "So I've been doing that every single"}, {"start": "00:24:20", "end": "00:24:24", "text": "Monday. Just went off the this morning"}, {"start": "00:24:22", "end": "00:24:26", "text": "around nine o'clock. And as far as like"}, {"start": "00:24:24", "end": "00:24:28", "text": "alts, I'm buying Binance, Ethereum,"}, {"start": "00:24:26", "end": "00:24:30", "text": "Salon, Tron, and those are usually now"}, {"start": "00:24:28", "end": "00:24:32", "text": "they're on Thursdays because we just did"}, {"start": "00:24:30", "end": "00:24:34", "text": "a little look at at all of them. And uh"}, {"start": "00:24:32", "end": "00:24:36", "text": "that's it. And I use Kraken for that."}, {"start": "00:24:34", "end": "00:24:38", "text": "And of course, I take them off and I put"}, {"start": "00:24:36", "end": "00:24:40", "text": "them on where I put them on my tangent"}, {"start": "00:24:38", "end": "00:24:43", "text": "card. That's it. That's really all I"}, {"start": "00:24:40", "end": "00:24:46", "text": "could do. And then hopefully I don't get"}, {"start": "00:24:43", "end": "00:24:46", "text": "scammed."}, {"start": "00:24:47", "end": "00:24:52", "text": "Yeah."}, {"start": "00:24:49", "end": "00:24:53", "text": "So, Eric says, \"Rob, you mentioned no"}, {"start": "00:24:52", "end": "00:24:55", "text": "fees for staking your Roth. I don't know"}, {"start": "00:24:53", "end": "00:24:57", "text": "if I said no fees, but we'll say it. But"}, {"start": "00:24:55", "end": "00:24:58", "text": "are you still shelter from paying as"}, {"start": "00:24:57", "end": "00:25:01", "text": "earned income as well as from cap"}, {"start": "00:24:58", "end": "00:25:03", "text": "gains?\" First of all, this is a question"}, {"start": "00:25:01", "end": "00:25:07", "text": "I don't remember saying there's no fees"}, {"start": "00:25:03", "end": "00:25:08", "text": "for staking in your Roth IT trust. But"}, {"start": "00:25:07", "end": "00:25:12", "text": "what we're talking about as far as your"}, {"start": "00:25:08", "end": "00:25:14", "text": "Roth IRA, there's no capital gains tax."}, {"start": "00:25:12", "end": "00:25:17", "text": "And the reason why there's no capital"}, {"start": "00:25:14", "end": "00:25:19", "text": "gains tax is because it is a retirement"}, {"start": "00:25:17", "end": "00:25:21", "text": "account. Of course, you're putting money"}, {"start": "00:25:19", "end": "00:25:22", "text": "into it that you were already taxed on,"}, {"start": "00:25:21", "end": "00:25:26", "text": "which kind of sucks. That's pretty much"}, {"start": "00:25:22", "end": "00:25:27", "text": "how it goes. But as far as like for"}, {"start": "00:25:26", "end": "00:25:31", "text": "uh"}, {"start": "00:25:27", "end": "00:25:33", "text": "what is it for staking, as I understand"}, {"start": "00:25:31", "end": "00:25:35", "text": "it, as the current laws are, and they"}, {"start": "00:25:33", "end": "00:25:37", "text": "could actually change, it's almost like"}, {"start": "00:25:35", "end": "00:25:38", "text": "dividends in an S&P 500 if you have that"}, {"start": "00:25:37", "end": "00:25:40", "text": "in like a Roth or something like that"}, {"start": "00:25:38", "end": "00:25:42", "text": "for your retirement account as you keep"}, {"start": "00:25:40", "end": "00:25:45", "text": "rolling them in. I would definitely,"}, {"start": "00:25:42", "end": "00:25:48", "text": "Eric, this is what I know. Talk to your"}, {"start": "00:25:45", "end": "00:25:49", "text": "lawyer, talk to uh ITR, but uh yes, I"}, {"start": "00:25:48", "end": "00:25:52", "text": "believe to be true. Now, if it's not"}, {"start": "00:25:49", "end": "00:25:54", "text": "true and you have to pay taxes on your"}, {"start": "00:25:52", "end": "00:25:57", "text": "staked because right now for for Roth"}, {"start": "00:25:54", "end": "00:26:01", "text": "IAS, you can stake or excuse me for"}, {"start": "00:25:57", "end": "00:26:06", "text": "Nitrust, you can stake your Polka Dot."}, {"start": "00:26:01", "end": "00:26:08", "text": "All right. Ethereum and Solana. So, I've"}, {"start": "00:26:06", "end": "00:26:09", "text": "been staking just my Salana. I got to"}, {"start": "00:26:08", "end": "00:26:13", "text": "get in there and stake my Ethereum,"}, {"start": "00:26:09", "end": "00:26:15", "text": "though, too. So, yeah."}, {"start": "00:26:13", "end": "00:26:18", "text": "Yeah, I think Strike DCA is also no"}, {"start": "00:26:15", "end": "00:26:20", "text": "fees. That's true. I just like using the"}, {"start": "00:26:18", "end": "00:26:22", "text": "cash app because then I can actually"}, {"start": "00:26:20", "end": "00:26:24", "text": "convert if I need to like pay something"}, {"start": "00:26:22", "end": "00:26:25", "text": "crazy like at some point I can just kind"}, {"start": "00:26:24", "end": "00:26:27", "text": "of liquidate a little bit of Bitcoin and"}, {"start": "00:26:25", "end": "00:26:29", "text": "pay and people are like why' you do"}, {"start": "00:26:27", "end": "00:26:32", "text": "that? Because that's what I like to do"}, {"start": "00:26:29", "end": "00:26:34", "text": "sometimes. I still think that Bitcoin"}, {"start": "00:26:32", "end": "00:26:36", "text": "should be used as payments. I know I'm"}, {"start": "00:26:34", "end": "00:26:39", "text": "like in the vast vast minority. I don't"}, {"start": "00:26:36", "end": "00:26:41", "text": "care. What's the point of holding us"}, {"start": "00:26:39", "end": "00:26:42", "text": "dollars these days? If you check"}, {"start": "00:26:41", "end": "00:26:44", "text": "conversion different currencies it's"}, {"start": "00:26:42", "end": "00:26:46", "text": "going down. I expect that to accelerate."}, {"start": "00:26:44", "end": "00:26:48", "text": "Perhaps, perhaps, perhaps. It all"}, {"start": "00:26:46", "end": "00:26:51", "text": "depends on geopolitical. And since, as"}, {"start": "00:26:48", "end": "00:26:53", "text": "we all know, I am a geopolitical expert."}, {"start": "00:26:51", "end": "00:26:54", "text": "Just kidding. I don't know what's going"}, {"start": "00:26:53", "end": "00:26:56", "text": "to happen, but the dollar is a little"}, {"start": "00:26:54", "end": "00:27:00", "text": "bit weaker. Actually, what is the Dixie"}, {"start": "00:26:56", "end": "00:27:03", "text": "state that we're at? I don't know."}, {"start": "00:27:00", "end": "00:27:07", "text": "Oh, also, how is this camera holding up"}, {"start": "00:27:03", "end": "00:27:10", "text": "today? Am I glitchy? Am I crystal clear?"}, {"start": "00:27:07", "end": "00:27:10", "text": "I'm curious"}, {"start": "00:27:10", "end": "00:27:17", "text": "because I changed the browser from Brave"}, {"start": "00:27:13", "end": "00:27:17", "text": "to Google Chrome."}, {"start": "00:27:17", "end": "00:27:23", "text": "And uh it's fine. Oh, here we go."}, {"start": "00:27:24", "end": "00:27:29", "text": "Become a more confident investor. That"}, {"start": "00:27:25", "end": "00:27:31", "text": "sounds good. All right. Jesus Christy"}, {"start": "00:27:29", "end": "00:27:33", "text": "Christmas."}, {"start": "00:27:31", "end": "00:27:37", "text": "There's so many ads."}, {"start": "00:27:33", "end": "00:27:39", "text": "Chrome. Anyhow, that's the beauty of uh"}, {"start": "00:27:37", "end": "00:27:43", "text": "Brave, but it was messing up my camera."}, {"start": "00:27:39", "end": "00:27:43", "text": "Uh let's see. It's the Dixie."}, {"start": "00:27:44", "end": "00:27:50", "text": "Let's go over six months. How we doing?"}, {"start": "00:27:47", "end": "00:27:54", "text": "Wow. Created here in January. Yeah,"}, {"start": "00:27:50", "end": "00:27:54", "text": "about where we should be."}, {"start": "00:27:56", "end": "00:28:02", "text": "And usually when the dollar gets weaker,"}, {"start": "00:28:00", "end": "00:28:05", "text": "the price of Bitcoin goes up. When the"}, {"start": "00:28:02", "end": "00:28:07", "text": "dollar gets stronger,"}, {"start": "00:28:05", "end": "00:28:12", "text": "which you know, January is a pretty good"}, {"start": "00:28:07", "end": "00:28:13", "text": "time. Wow. DXY was 109."}, {"start": "00:28:12", "end": "00:28:16", "text": "When the dollar gets stronger, usually"}, {"start": "00:28:13", "end": "00:28:19", "text": "Bitcoin goes down. So, just another"}, {"start": "00:28:16", "end": "00:28:19", "text": "thing to look at."}, {"start": "00:28:19", "end": "00:28:24", "text": "Camera fine, crystal clear, everything"}, {"start": "00:28:21", "end": "00:28:28", "text": "good. Fantastico."}, {"start": "00:28:24", "end": "00:28:30", "text": "And I'm using um"}, {"start": "00:28:28", "end": "00:28:32", "text": "Starlink."}, {"start": "00:28:30", "end": "00:28:34", "text": "So, but the issue wasn't the connection."}, {"start": "00:28:32", "end": "00:28:36", "text": "The issue was the browser. And I still"}, {"start": "00:28:34", "end": "00:28:38", "text": "can't figure out why Brave browser"}, {"start": "00:28:36", "end": "00:28:40", "text": "doesn't work for my camera. Worked the"}, {"start": "00:28:38", "end": "00:28:43", "text": "last four years and all of a sudden it's"}, {"start": "00:28:40", "end": "00:28:46", "text": "not."}, {"start": "00:28:43", "end": "00:28:48", "text": "I don't know. Wisdom says Kraken is now"}, {"start": "00:28:46", "end": "00:28:49", "text": "having issues. Sounds like people in"}, {"start": "00:28:48", "end": "00:28:53", "text": "Kraken never trust any of these"}, {"start": "00:28:49", "end": "00:28:53", "text": "exchanges. Yeah. You know,"}, {"start": "00:28:55", "end": "00:28:59", "text": "that's like they say, you know, you you"}, {"start": "00:28:56", "end": "00:29:02", "text": "got to treat an exchange like a"}, {"start": "00:28:59", "end": "00:29:04", "text": "like a gas room bathroom. A gas station"}, {"start": "00:29:02", "end": "00:29:06", "text": "bathroom. You get in, you do your"}, {"start": "00:29:04", "end": "00:29:08", "text": "business, and you leave. I know people"}, {"start": "00:29:06", "end": "00:29:10", "text": "say Andreas Antonopoulos said that. I'm"}, {"start": "00:29:08", "end": "00:29:12", "text": "not so sure. Whoever said it was was"}, {"start": "00:29:10", "end": "00:29:15", "text": "pretty spot-on. You just want to use it,"}, {"start": "00:29:12", "end": "00:29:17", "text": "get the hell out. That's it. Camera is"}, {"start": "00:29:15", "end": "00:29:21", "text": "good. That's good, Crystal. All right."}, {"start": "00:29:17", "end": "00:29:23", "text": "Yeah. Little stutter. Okay. Good deal."}, {"start": "00:29:21", "end": "00:29:27", "text": "Oh, this is interesting."}, {"start": "00:29:23", "end": "00:29:29", "text": "Ten hum says, \"Have you heard about TRX"}, {"start": "00:29:27", "end": "00:29:31", "text": "or Tron staking on just lend the"}, {"start": "00:29:29", "end": "00:29:34", "text": "official Tron network? There's stake"}, {"start": "00:29:31", "end": "00:29:38", "text": "Tron with around five to six% API.\" I"}, {"start": "00:29:34", "end": "00:29:40", "text": "actually use staking in my Ledger."}, {"start": "00:29:38", "end": "00:29:43", "text": "Excuse me. What the heck did I just say?"}, {"start": "00:29:40", "end": "00:29:46", "text": "I do the staking in my Tang wallet and"}, {"start": "00:29:43", "end": "00:29:49", "text": "it's very simple. I like Tangent over"}, {"start": "00:29:46", "end": "00:29:51", "text": "Ledger. I just do. And uh that's where I"}, {"start": "00:29:49", "end": "00:29:52", "text": "put it. That's where I stake it. It's"}, {"start": "00:29:51", "end": "00:29:55", "text": "pretty cool. And it's in a cold storage"}, {"start": "00:29:52", "end": "00:29:58", "text": "device. You can't beat that."}, {"start": "00:29:55", "end": "00:30:01", "text": "Oh my god. God, some basic attention"}, {"start": "00:29:58", "end": "00:30:04", "text": "token or BAT. I used to have that, but"}, {"start": "00:30:01", "end": "00:30:06", "text": "no, I I don't anymore. Okay, everybody."}, {"start": "00:30:04", "end": "00:30:08", "text": "I think we're coming up 30 minutes. I"}, {"start": "00:30:06", "end": "00:30:11", "text": "don't want to keep you here. Um, thanks"}, {"start": "00:30:08", "end": "00:30:12", "text": "for stopping by, checking this out. I"}, {"start": "00:30:11", "end": "00:30:17", "text": "would highly recommend though that"}, {"start": "00:30:12", "end": "00:30:21", "text": "interview uh between Randy and the new"}, {"start": "00:30:17", "end": "00:30:22", "text": "governor candidate James Fishbach and"}, {"start": "00:30:21", "end": "00:30:24", "text": "it's pretty like I said it's pretty good"}, {"start": "00:30:22", "end": "00:30:26", "text": "one especially talking about freedom and"}, {"start": "00:30:24", "end": "00:30:28", "text": "how things should go and James had a"}, {"start": "00:30:26", "end": "00:30:31", "text": "really good point about the US"}, {"start": "00:30:28", "end": "00:30:33", "text": "Constitution and what is allowed and"}, {"start": "00:30:31", "end": "00:30:36", "text": "what we should have rules for and he"}, {"start": "00:30:33", "end": "00:30:40", "text": "makes a great case for Bitcoin"}, {"start": "00:30:36", "end": "00:30:41", "text": "uh to be sovereign and uh I was like oh"}, {"start": "00:30:40", "end": "00:30:43", "text": "I'm not a lawyer But it sound pretty"}, {"start": "00:30:41", "end": "00:30:44", "text": "good. That's it for today everybody."}, {"start": "00:30:43", "end": "00:30:45", "text": "Thanks so much for stopping by. I"}, {"start": "00:30:44", "end": "00:30:47", "text": "appreciate you. I will see you guys on"}, {"start": "00:30:45", "end": "00:30:51", "text": "the next one which will be m�ana. All"}, {"start": "00:30:47", "end": "00:30:51", "text": "right. Thanks everybody. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hello everybody. Welcome to the Sunday"}, {"start": "00:00:02", "end": "00:00:06", "text": "live stream. I'm joined as ever by Jerry"}, {"start": "00:00:04", "end": "00:00:07", "text": "Hall from Costa Rica. Jerry, how you"}, {"start": "00:00:06", "end": "00:00:09", "text": "doing today?"}, {"start": "00:00:07", "end": "00:00:10", "text": ">> I'm great. Good to see you, Rob. Hello"}, {"start": "00:00:09", "end": "00:00:12", "text": "everyone."}, {"start": "00:00:10", "end": "00:00:14", "text": ">> Hello. So guys, we got a lot of things"}, {"start": "00:00:12", "end": "00:00:16", "text": "to talk about. So let's just jump right"}, {"start": "00:00:14", "end": "00:00:18", "text": "into it. So first of all, this is a good"}, {"start": "00:00:16", "end": "00:00:20", "text": "day. I know that there is some news that"}, {"start": "00:00:18", "end": "00:00:22", "text": "may not be like stellar, but again on"}, {"start": "00:00:20", "end": "00:00:24", "text": "the weekend there's a lot of good things"}, {"start": "00:00:22", "end": "00:00:26", "text": "to actually talk about. We can focus on"}, {"start": "00:00:24", "end": "00:00:28", "text": "either way you want to. we can focus on"}, {"start": "00:00:26", "end": "00:00:29", "text": "the negative, which really doesn't do"}, {"start": "00:00:28", "end": "00:00:30", "text": "too much for us. So, we can focus on the"}, {"start": "00:00:29", "end": "00:00:32", "text": "positive, where we're actually going to"}, {"start": "00:00:30", "end": "00:00:35", "text": "go. So, first of all, before we get into"}, {"start": "00:00:32", "end": "00:00:39", "text": "all the all the big things, I just"}, {"start": "00:00:35", "end": "00:00:41", "text": "switched over to Starlink this week uh"}, {"start": "00:00:39", "end": "00:00:44", "text": "by recommendation of Jerry Hall over in"}, {"start": "00:00:41", "end": "00:00:46", "text": "Costa Rica. And Jerry, you talk you told"}, {"start": "00:00:44", "end": "00:00:48", "text": "me about this and I was like, ah, I just"}, {"start": "00:00:46", "end": "00:00:49", "text": "kind of, you know, went around it. But I"}, {"start": "00:00:48", "end": "00:00:51", "text": "gotta tell you, so far it's been pretty"}, {"start": "00:00:49", "end": "00:00:53", "text": "good. I got this is my download and"}, {"start": "00:00:51", "end": "00:00:55", "text": "upload speed. I'm actually connected"}, {"start": "00:00:53", "end": "00:00:59", "text": "wirelessly. I'm not I don't even have"}, {"start": "00:00:55", "end": "00:01:02", "text": "like a a hardwire position uh here. And"}, {"start": "00:00:59", "end": "00:01:04", "text": "I will tell you it is extremely cheap."}, {"start": "00:01:02", "end": "00:01:07", "text": "We're paying like 120 bucks. Now for"}, {"start": "00:01:04", "end": "00:01:08", "text": "Starlink, it's only 65 bucks a month and"}, {"start": "00:01:07", "end": "00:01:10", "text": "I don't have to pay for any kind of"}, {"start": "00:01:08", "end": "00:01:14", "text": "rental of the equipment, which is pretty"}, {"start": "00:01:10", "end": "00:01:16", "text": "cool. So, if my camera goes out and it's"}, {"start": "00:01:14", "end": "00:01:19", "text": "a little bit blurry, it ain't because of"}, {"start": "00:01:16", "end": "00:01:21", "text": "the internet connection and it ain't"}, {"start": "00:01:19", "end": "00:01:24", "text": "because of the webcam because I just"}, {"start": "00:01:21", "end": "00:01:25", "text": "sent this back to Apple and they replace"}, {"start": "00:01:24", "end": "00:01:28", "text": "the whole computer. This is a brand new"}, {"start": "00:01:25", "end": "00:01:30", "text": "computer. If I go blurry, I know exactly"}, {"start": "00:01:28", "end": "00:01:32", "text": "what it is. it is the browser because"}, {"start": "00:01:30", "end": "00:01:34", "text": "right now I'm using Brave and for some"}, {"start": "00:01:32", "end": "00:01:37", "text": "reason because of the way that it"}, {"start": "00:01:34", "end": "00:01:39", "text": "throttles things or for safety uh to"}, {"start": "00:01:37", "end": "00:01:42", "text": "eliminate spammers and scammers and"}, {"start": "00:01:39", "end": "00:01:44", "text": "things like that sometimes the uh"}, {"start": "00:01:42", "end": "00:01:47", "text": "webcam gets a little screwed up. But"}, {"start": "00:01:44", "end": "00:01:49", "text": "Jerry, what's your thoughts on uh on"}, {"start": "00:01:47", "end": "00:01:53", "text": "Starlink?"}, {"start": "00:01:49", "end": "00:01:55", "text": ">> I've had Starlink for"}, {"start": "00:01:53", "end": "00:01:59", "text": "almost a full two years, probably just"}, {"start": "00:01:55", "end": "00:02:02", "text": "actually 25 months. And I remember I was"}, {"start": "00:01:59", "end": "00:02:04", "text": "so excited to be able to put my $100"}, {"start": "00:02:02", "end": "00:02:06", "text": "deposit down. This was back in like"}, {"start": "00:02:04", "end": "00:02:08", "text": "2020."}, {"start": "00:02:06", "end": "00:02:10", "text": ">> They they opened up for deposits. So I"}, {"start": "00:02:08", "end": "00:02:13", "text": "put my $100 deposit because I'm in Costa"}, {"start": "00:02:10", "end": "00:02:16", "text": "Rica and our infrastructure down here is"}, {"start": "00:02:13", "end": "00:02:17", "text": "nowhere near what you have in the United"}, {"start": "00:02:16", "end": "00:02:21", "text": "States."}, {"start": "00:02:17", "end": "00:02:23", "text": ">> And uh so when I got it and I set it up,"}, {"start": "00:02:21", "end": "00:02:26", "text": "it was literally"}, {"start": "00:02:23", "end": "00:02:28", "text": "a night and day difference."}, {"start": "00:02:26", "end": "00:02:30", "text": ">> Yeah. from from the the current kind of"}, {"start": "00:02:28", "end": "00:02:32", "text": "antiquated infrastructure that we have"}, {"start": "00:02:30", "end": "00:02:34", "text": "here. And as they continue to put more"}, {"start": "00:02:32", "end": "00:02:37", "text": "and more and more of those satellites up"}, {"start": "00:02:34", "end": "00:02:40", "text": "into low orbit,"}, {"start": "00:02:37", "end": "00:02:45", "text": "pretty soon everybody will have access"}, {"start": "00:02:40", "end": "00:02:48", "text": "to this. And not just with a dish, but"}, {"start": "00:02:45", "end": "00:02:48", "text": "through a device."}, {"start": "00:02:48", "end": "00:02:50", "text": ">> Yeah,"}, {"start": "00:02:48", "end": "00:02:52", "text": ">> that's coming pretty soon. And that is"}, {"start": "00:02:50", "end": "00:02:53", "text": "going to be pretty remarkable in my"}, {"start": "00:02:52", "end": "00:02:56", "text": "opinion."}, {"start": "00:02:53", "end": "00:02:58", "text": ">> I think so. And I will just say, well,"}, {"start": "00:02:56", "end": "00:02:59", "text": "there's one from Rusty says, \"Do does"}, {"start": "00:02:58", "end": "00:03:01", "text": "your did your sterling dish make a"}, {"start": "00:02:59", "end": "00:03:04", "text": "buzzing sound?\" Mine does. Mine does,"}, {"start": "00:03:01", "end": "00:03:05", "text": "too. The one that's mounted on the It's"}, {"start": "00:03:04", "end": "00:03:07", "text": "supposed to be mounted on the rooftop."}, {"start": "00:03:05", "end": "00:03:09", "text": "We actually have it down. But it makes a"}, {"start": "00:03:07", "end": "00:03:11", "text": "slight buzzing noise, but that's the one"}, {"start": "00:03:09", "end": "00:03:13", "text": "that you mount. But besides that, it's"}, {"start": "00:03:11", "end": "00:03:15", "text": "pretty good. And if you are watching"}, {"start": "00:03:13", "end": "00:03:17", "text": "this right now like, \"Hey, I should give"}, {"start": "00:03:15", "end": "00:03:19", "text": "that a shot or maybe I should trial it.\""}, {"start": "00:03:17", "end": "00:03:22", "text": "There is a link in the description where"}, {"start": "00:03:19", "end": "00:03:24", "text": "I give you a month off of Starlink. Just"}, {"start": "00:03:22", "end": "00:03:25", "text": "click on that and you get a month off"}, {"start": "00:03:24", "end": "00:03:28", "text": "and you can check it out. Now, I gotta"}, {"start": "00:03:25", "end": "00:03:30", "text": "tell you for for me download and upload"}, {"start": "00:03:28", "end": "00:03:33", "text": "speed, this is essentially what I get"}, {"start": "00:03:30", "end": "00:03:35", "text": "over here in Texas uh for download and"}, {"start": "00:03:33", "end": "00:03:37", "text": "upload. I will probably be traveling"}, {"start": "00:03:35", "end": "00:03:39", "text": "back to Puerto Rico soon and I will be"}, {"start": "00:03:37", "end": "00:03:43", "text": "setting it up over there for every"}, {"start": "00:03:39", "end": "00:03:44", "text": "single one of my properties because I am"}, {"start": "00:03:43", "end": "00:03:46", "text": "tired of the infrastructure and I'm"}, {"start": "00:03:44", "end": "00:03:48", "text": "tired of things going down. It's not"}, {"start": "00:03:46", "end": "00:03:50", "text": "Puerto Rico's fault. It's just the"}, {"start": "00:03:48", "end": "00:03:52", "text": "company's fault. And I'll be doing"}, {"start": "00:03:50", "end": "00:03:55", "text": "Starlink. Anyhow, that's all we have for"}, {"start": "00:03:52", "end": "00:03:58", "text": "the uh Starling pitch."}, {"start": "00:03:55", "end": "00:03:59", "text": "Let's let's get into let's get into the"}, {"start": "00:03:58", "end": "00:04:01", "text": "crypto stuff. So, first of all, just so"}, {"start": "00:03:59", "end": "00:04:04", "text": "everybody knows, tax season is coming uh"}, {"start": "00:04:01", "end": "00:04:07", "text": "up April 15th. Don't forget if you're"}, {"start": "00:04:04", "end": "00:04:09", "text": "trying to get into an IRA, there is uh"}, {"start": "00:04:07", "end": "00:04:11", "text": "it trust, which I'm using. You can"}, {"start": "00:04:09", "end": "00:04:14", "text": "donate or not donate, you can set it up"}, {"start": "00:04:11", "end": "00:04:17", "text": "and you can pay into 2025"}, {"start": "00:04:14", "end": "00:04:21", "text": "uh and 2026 if you do it before April"}, {"start": "00:04:17", "end": "00:04:23", "text": "15th. Also, as a reminder, I trust has a"}, {"start": "00:04:21", "end": "00:04:26", "text": "form of"}, {"start": "00:04:23", "end": "00:04:30", "text": "uh custody which I'm using right now."}, {"start": "00:04:26", "end": "00:04:33", "text": "It's the same one that uh Michael or"}, {"start": "00:04:30", "end": "00:04:35", "text": "Frink and Michael Sailor use over at"}, {"start": "00:04:33", "end": "00:04:37", "text": "Micro Strategy Coinbase Prime. You can"}, {"start": "00:04:35", "end": "00:04:38", "text": "call them directly. There's the phone"}, {"start": "00:04:37", "end": "00:04:42", "text": "number. Links in the description. You"}, {"start": "00:04:38", "end": "00:04:44", "text": "can check it out. And uh again, it's got"}, {"start": "00:04:42", "end": "00:04:45", "text": "pretty good reviews. I like them. And"}, {"start": "00:04:44", "end": "00:04:47", "text": "you can go from there. So, let's get"}, {"start": "00:04:45", "end": "00:04:49", "text": "into a little Q well, not little Q&A,"}, {"start": "00:04:47", "end": "00:04:54", "text": "excuse me. Let's go into a little bit of"}, {"start": "00:04:49", "end": "00:04:56", "text": "crypto. So, today I always dollar cost"}, {"start": "00:04:54", "end": "00:04:58", "text": "average on Monday and we're going to go"}, {"start": "00:04:56", "end": "00:05:01", "text": "over in a little bit the best days to"}, {"start": "00:04:58", "end": "00:05:04", "text": "DCA based on specific cryptos."}, {"start": "00:05:01", "end": "00:05:06", "text": "But I'm taking a look at the risk levels"}, {"start": "00:05:04", "end": "00:05:09", "text": "uh for my Bitcoin which comes out"}, {"start": "00:05:06", "end": "00:05:12", "text": "tomorrow via Cash App and I'm looking at"}, {"start": "00:05:09", "end": "00:05:13", "text": "the risk level and it's 0.34. If you"}, {"start": "00:05:12", "end": "00:05:17", "text": "guys aren't sign up for Ben's site, also"}, {"start": "00:05:13", "end": "00:05:19", "text": "link in the description, but uh 0.34. As"}, {"start": "00:05:17", "end": "00:05:23", "text": "the risk levels go down, I actually"}, {"start": "00:05:19", "end": "00:05:26", "text": "increase the amount that I uh buy every"}, {"start": "00:05:23", "end": "00:05:28", "text": "single Monday. We're still in that 0.3"}, {"start": "00:05:26", "end": "00:05:31", "text": "to 0.39 range. So, I will not be"}, {"start": "00:05:28", "end": "00:05:33", "text": "increasing, but I have increased it"}, {"start": "00:05:31", "end": "00:05:36", "text": "increase from 0.5 and then went to 0.4"}, {"start": "00:05:33", "end": "00:05:38", "text": "then to 0.3. But we're not at that 0.29"}, {"start": "00:05:36", "end": "00:05:43", "text": "level. But I will tell you as far as"}, {"start": "00:05:38", "end": "00:05:46", "text": "like the riskiest the riskiest uh or"}, {"start": "00:05:43", "end": "00:05:50", "text": "least risky I should say in the top five"}, {"start": "00:05:46", "end": "00:05:52", "text": "or so is Binance at only 0.29. Jerry, do"}, {"start": "00:05:50", "end": "00:05:54", "text": "you ever use these uh risk levels or do"}, {"start": "00:05:52", "end": "00:05:56", "text": "you just buy intermittently? Which"}, {"start": "00:05:54", "end": "00:05:58", "text": "whichever ones you like."}, {"start": "00:05:56", "end": "00:06:00", "text": ">> I tell you for the last I don't know"}, {"start": "00:05:58", "end": "00:06:03", "text": "five, six, seven, eight months I do a"}, {"start": "00:06:00", "end": "00:06:06", "text": "once a month allocation and it's solely"}, {"start": "00:06:03", "end": "00:06:09", "text": "been to Bitcoin, right?"}, {"start": "00:06:06", "end": "00:06:11", "text": "And and I'll be honest, um I don't put"}, {"start": "00:06:09", "end": "00:06:12", "text": "that much time and energy into it"}, {"start": "00:06:11", "end": "00:06:13", "text": "anymore."}, {"start": "00:06:12", "end": "00:06:15", "text": ">> Yeah."}, {"start": "00:06:13", "end": "00:06:18", "text": ">> I I mean, I've kind of settled into"}, {"start": "00:06:15", "end": "00:06:21", "text": "this. I I know what I'm trying to build"}, {"start": "00:06:18", "end": "00:06:25", "text": "and so that takes a lot of my daily"}, {"start": "00:06:21", "end": "00:06:28", "text": "energy. The investing part I what I've"}, {"start": "00:06:25", "end": "00:06:30", "text": "learned is that um there are so many of"}, {"start": "00:06:28", "end": "00:06:32", "text": "these things out there. I'm I I no"}, {"start": "00:06:30", "end": "00:06:34", "text": "longer can choose winners. I used to"}, {"start": "00:06:32", "end": "00:06:37", "text": "think I knew what the winners were. I"}, {"start": "00:06:34", "end": "00:06:43", "text": "don't anymore. So, I'm just going with"}, {"start": "00:06:37", "end": "00:06:44", "text": "Bitcoin in crypto, Tesla in traditional."}, {"start": "00:06:43", "end": "00:06:49", "text": ">> That's a pretty good one. Tesla, you"}, {"start": "00:06:44", "end": "00:06:51", "text": "know, once they do the um um X, not X"}, {"start": "00:06:49", "end": "00:06:52", "text": "Force, XACE X,"}, {"start": "00:06:51", "end": "00:06:54", "text": ">> you mean the XACE?"}, {"start": "00:06:52", "end": "00:06:56", "text": ">> Xace"}, {"start": "00:06:54", "end": "00:06:57", "text": "what they call it."}, {"start": "00:06:56", "end": "00:06:59", "text": ">> Yeah, once they do the IPO and as I"}, {"start": "00:06:57", "end": "00:07:02", "text": "understand, they might be merging later"}, {"start": "00:06:59", "end": "00:07:04", "text": "on Tesla and SpaceX. So maybe it"}, {"start": "00:07:02", "end": "00:07:06", "text": "wouldn't be a bad time to to load up on"}, {"start": "00:07:04", "end": "00:07:08", "text": "Tesla. That's not for this channel. If"}, {"start": "00:07:06", "end": "00:07:10", "text": "you want to learn about Tesla and those"}, {"start": "00:07:08", "end": "00:07:11", "text": "types of things, go watch James over in"}, {"start": "00:07:10", "end": "00:07:15", "text": "the best answers. He'll talk your ear"}, {"start": "00:07:11", "end": "00:07:19", "text": "off about it. And uh that would be"}, {"start": "00:07:15", "end": "00:07:21", "text": "something like that. But so tomorrow,"}, {"start": "00:07:19", "end": "00:07:23", "text": "just like Jerry, I'll be buying Bitcoin."}, {"start": "00:07:21", "end": "00:07:26", "text": "the other things that I'll be purchasing"}, {"start": "00:07:23", "end": "00:07:27", "text": "because I still believe that stable"}, {"start": "00:07:26", "end": "00:07:29", "text": "coins and the rails that that they run"}, {"start": "00:07:27", "end": "00:07:31", "text": "on, Binance, Ethereum, Salatron are"}, {"start": "00:07:29", "end": "00:07:34", "text": "gonna do do pretty well. But the"}, {"start": "00:07:31", "end": "00:07:36", "text": "question is, well, which day should I"}, {"start": "00:07:34", "end": "00:07:38", "text": "get into those? Now, I can't give you"}, {"start": "00:07:36", "end": "00:07:41", "text": "financial advice, but I can give you"}, {"start": "00:07:38", "end": "00:07:42", "text": "some DCA advice. And there's some DCA"}, {"start": "00:07:41", "end": "00:07:44", "text": "advice if you're going to go down that"}, {"start": "00:07:42", "end": "00:07:47", "text": "route."}, {"start": "00:07:44", "end": "00:07:48", "text": "There is some different levels you can"}, {"start": "00:07:47", "end": "00:07:50", "text": "take a look at. These are the historical"}, {"start": "00:07:48", "end": "00:07:52", "text": "best data DCA. And what you're looking"}, {"start": "00:07:50", "end": "00:07:53", "text": "for is as you look at this, you're like,"}, {"start": "00:07:52", "end": "00:07:55", "text": "\"Oh, Tuesday and Wednesday looks pretty"}, {"start": "00:07:53", "end": "00:07:57", "text": "good.\" No, no, no. These are the"}, {"start": "00:07:55", "end": "00:08:00", "text": "extensions. So, you want to buy, there's"}, {"start": "00:07:57", "end": "00:08:03", "text": "this old phrase, Jerry,"}, {"start": "00:08:00", "end": "00:08:04", "text": "buy low and sell high. I know most of us"}, {"start": "00:08:03", "end": "00:08:07", "text": "don't do that. We'd like to, but we"}, {"start": "00:08:04", "end": "00:08:08", "text": "don't. But again, it's the lowest price"}, {"start": "00:08:07", "end": "00:08:13", "text": "point. So, let's just back this up."}, {"start": "00:08:08", "end": "00:08:18", "text": "First of all, let's go to Bitcoin."}, {"start": "00:08:13", "end": "00:08:20", "text": "Okay, now you guys know why I try to buy"}, {"start": "00:08:18", "end": "00:08:22", "text": "on every Monday. It seems because like"}, {"start": "00:08:20", "end": "00:08:24", "text": "on the weekends we have a little bit of"}, {"start": "00:08:22", "end": "00:08:27", "text": "a rally as things go down. We had a"}, {"start": "00:08:24", "end": "00:08:30", "text": "rally yesterday. Uh but today Bitcoin"}, {"start": "00:08:27", "end": "00:08:35", "text": "itself is actually down 2.7% but it is"}, {"start": "00:08:30", "end": "00:08:35", "text": "above 70,000. Let me take a look"}, {"start": "00:08:35", "end": "00:08:39", "text": "over the last seven days. Yeah, it was"}, {"start": "00:08:37", "end": "00:08:42", "text": "good. So you obviously don't want to buy"}, {"start": "00:08:39", "end": "00:08:44", "text": "here at 73. You know, you want to you"}, {"start": "00:08:42", "end": "00:08:46", "text": "want to buy a little bit lower as best"}, {"start": "00:08:44", "end": "00:08:48", "text": "you can. So over 24 hours. What the heck"}, {"start": "00:08:46", "end": "00:08:53", "text": "happened?"}, {"start": "00:08:48", "end": "00:08:55", "text": "Burp. Well, that's good for me. So,"}, {"start": "00:08:53", "end": "00:08:58", "text": "that's what we have. So, we're looking"}, {"start": "00:08:55", "end": "00:09:00", "text": "at for tomorrow, Bitcoin. Not a bad one,"}, {"start": "00:08:58", "end": "00:09:04", "text": "Jerry. If you had to buy an altcoin,"}, {"start": "00:09:00", "end": "00:09:04", "text": "which which altcoin would you buy?"}, {"start": "00:09:05", "end": "00:09:11", "text": ">> That's a really good question."}, {"start": "00:09:07", "end": "00:09:13", "text": "I It would probably be something in the"}, {"start": "00:09:11", "end": "00:09:17", "text": "AI infrastructure world. Something like"}, {"start": "00:09:13", "end": "00:09:20", "text": "an aos maybe or um"}, {"start": "00:09:17", "end": "00:09:21", "text": ">> yeah probably a kosh."}, {"start": "00:09:20", "end": "00:09:25", "text": ">> Let's see if I can I don't know how far"}, {"start": "00:09:21", "end": "00:09:25", "text": "how deep this goes."}, {"start": "00:09:25", "end": "00:09:31", "text": ">> Let's put that in. Akas. Yeah."}, {"start": "00:09:28", "end": "00:09:34", "text": ">> AK AKT."}, {"start": "00:09:31", "end": "00:09:37", "text": ">> Nope. No options. How how far down is"}, {"start": "00:09:34", "end": "00:09:40", "text": "Akos? It's probably way far down there"}, {"start": "00:09:37", "end": "00:09:43", "text": "because it it never got any of that uh"}, {"start": "00:09:40", "end": "00:09:45", "text": "super cycle hype around it, but it's"}, {"start": "00:09:43", "end": "00:09:49", "text": "it's a straight commodity play for"}, {"start": "00:09:45", "end": "00:09:53", "text": "compute, right? H100s, A100s, all all"}, {"start": "00:09:49", "end": "00:09:55", "text": "that stuff that we know is uh a supply"}, {"start": "00:09:53", "end": "00:09:57", "text": "constraint."}, {"start": "00:09:55", "end": "00:09:59", "text": ">> Wow, look at all these things. It it"}, {"start": "00:09:57", "end": "00:10:02", "text": "even goes down to cow protocol. I don't"}, {"start": "00:09:59", "end": "00:10:05", "text": "know what the heck that is. Ozone Chang"}, {"start": "00:10:02", "end": "00:10:10", "text": "Gecko 1 in. I've I've heard of some of"}, {"start": "00:10:05", "end": "00:10:13", "text": "these. Sky Sky AI. Huh? Anyhow, anything"}, {"start": "00:10:10", "end": "00:10:13", "text": "else?"}, {"start": "00:10:14", "end": "00:10:17", "text": ">> No."}, {"start": "00:10:15", "end": "00:10:20", "text": ">> Got it. Well, let's see. I'll put"}, {"start": "00:10:17", "end": "00:10:21", "text": "Ethereum in. I like Ethereum. I do"}, {"start": "00:10:20", "end": "00:10:23", "text": "pretty well. And see, this is the"}, {"start": "00:10:21", "end": "00:10:24", "text": "difference between Bitcoin and altcoins"}, {"start": "00:10:23", "end": "00:10:27", "text": "as far as like time to buy. And this is"}, {"start": "00:10:24", "end": "00:10:29", "text": "just, you know, historically speaking,"}, {"start": "00:10:27", "end": "00:10:32", "text": "Friday would be a great time for for"}, {"start": "00:10:29", "end": "00:10:35", "text": "Ethereum. seems like it kind of uh"}, {"start": "00:10:32", "end": "00:10:37", "text": "buddies up uh with the stocks. Let's see"}, {"start": "00:10:35", "end": "00:10:40", "text": "other one I think people might be"}, {"start": "00:10:37", "end": "00:10:44", "text": "interested in. Maybe a BNB. Now, of"}, {"start": "00:10:40", "end": "00:10:46", "text": "course, I am uh"}, {"start": "00:10:44", "end": "00:10:48", "text": ">> Wow, Wednesday. Look at that. And let's"}, {"start": "00:10:46", "end": "00:10:51", "text": "see what about And of course, anybody if"}, {"start": "00:10:48", "end": "00:10:53", "text": "you're in the comments section, just"}, {"start": "00:10:51", "end": "00:10:55", "text": "want to shout off an altcoin. Let's take"}, {"start": "00:10:53", "end": "00:10:58", "text": "a look at how about XRP. I know people"}, {"start": "00:10:55", "end": "00:11:01", "text": "love that. People love it."}, {"start": "00:10:58", "end": "00:11:05", "text": "again. Wednesday. Interesting."}, {"start": "00:11:01", "end": "00:11:07", "text": "And let's see. How about Solana? Let's"}, {"start": "00:11:05", "end": "00:11:09", "text": "see."}, {"start": "00:11:07", "end": "00:11:13", "text": "Huh. Damn it. Thursday. I'm screwing"}, {"start": "00:11:09", "end": "00:11:16", "text": "that up for sure. Then lastly, let's"}, {"start": "00:11:13", "end": "00:11:16", "text": "look at Tron."}, {"start": "00:11:18", "end": "00:11:22", "text": "Huh. Thursday again. Well, there you go,"}, {"start": "00:11:20", "end": "00:11:25", "text": "everybody. If you're looking for like"}, {"start": "00:11:22", "end": "00:11:27", "text": "altcoins, maybe it's uh"}, {"start": "00:11:25", "end": "00:11:31", "text": "Yeah, maybe it's sometime around"}, {"start": "00:11:27", "end": "00:11:35", "text": "Thursday. Andy wants link and Melvin"}, {"start": "00:11:31", "end": "00:11:35", "text": "wants stellar. All right, let's see."}, {"start": "00:11:42", "end": "00:11:45", "text": "So, chain link, which I got to tell you"}, {"start": "00:11:43", "end": "00:11:47", "text": "is a marvelous project. It seemed like"}, {"start": "00:11:45", "end": "00:11:49", "text": "it everybody uses it, but the price"}, {"start": "00:11:47", "end": "00:11:51", "text": "doesn't really appreciate again."}, {"start": "00:11:49", "end": "00:11:54", "text": "Thursday, I'll be D and that's not even"}, {"start": "00:11:51", "end": "00:11:56", "text": "close. Huh. See, I like digging into"}, {"start": "00:11:54", "end": "00:11:57", "text": "these things because it kind of reminds"}, {"start": "00:11:56", "end": "00:12:00", "text": "me of like what I should be getting."}, {"start": "00:11:57", "end": "00:12:03", "text": "Jerry, what about Cardono?"}, {"start": "00:12:00", "end": "00:12:07", "text": ">> I like Cardono, but again, all of those"}, {"start": "00:12:03", "end": "00:12:11", "text": "altcoins, I hold like 40 of them and and"}, {"start": "00:12:07", "end": "00:12:13", "text": "I do receive more all the time because"}, {"start": "00:12:11", "end": "00:12:15", "text": "they're compounding within their own"}, {"start": "00:12:13", "end": "00:12:17", "text": "staking mechanism, right? So, it's not"}, {"start": "00:12:15", "end": "00:12:19", "text": "like I'm only ever going to have 10"}, {"start": "00:12:17", "end": "00:12:22", "text": "Cardano for the rest of my life. It's"}, {"start": "00:12:19", "end": "00:12:24", "text": "constantly compounding and growing. I"}, {"start": "00:12:22", "end": "00:12:27", "text": "just don't put more US dollars towards"}, {"start": "00:12:24", "end": "00:12:28", "text": "it. I mean, you know, 10 Cardono could"}, {"start": "00:12:27", "end": "00:12:30", "text": "be worth a dollar at some point. I'm"}, {"start": "00:12:28", "end": "00:12:31", "text": "just kidding. But yeah, I mean, like,"}, {"start": "00:12:30", "end": "00:12:33", "text": ">> very possible."}, {"start": "00:12:31", "end": "00:12:36", "text": ">> Very, very possible. I know it's worth"}, {"start": "00:12:33", "end": "00:12:38", "text": "like 25 cents. I know, everybody. Uh th"}, {"start": "00:12:36", "end": "00:12:41", "text": "Damn, it looks like th like Thursday"}, {"start": "00:12:38", "end": "00:12:43", "text": "alts, Bitcoin Mondays. No, there you go."}, {"start": "00:12:41", "end": "00:12:45", "text": "So, everybody, that'll be uh that little"}, {"start": "00:12:43", "end": "00:12:47", "text": "piece of where you want to, you know,"}, {"start": "00:12:45", "end": "00:12:50", "text": "maybe concentrate a little dollar cost"}, {"start": "00:12:47", "end": "00:12:53", "text": "averaging. But again, um man, what a"}, {"start": "00:12:50", "end": "00:12:56", "text": "what a wipeout. And I think I know what"}, {"start": "00:12:53", "end": "00:13:00", "text": "that is going forward. I I will say"}, {"start": "00:12:56", "end": "00:13:02", "text": "though, Bitcoin and the a lot of the not"}, {"start": "00:13:00", "end": "00:13:03", "text": "a lot, some of the altcoin markets have"}, {"start": "00:13:02", "end": "00:13:08", "text": "done pretty well. If we take a look at"}, {"start": "00:13:03", "end": "00:13:10", "text": "gold and silver over the last uh month,"}, {"start": "00:13:08", "end": "00:13:13", "text": "it's down 7% now over 24 hours, you"}, {"start": "00:13:10", "end": "00:13:15", "text": "know, down a little bit, three days, one"}, {"start": "00:13:13", "end": "00:13:18", "text": "week is actually pretty good, but one"}, {"start": "00:13:15", "end": "00:13:21", "text": "month, three months, three months is"}, {"start": "00:13:18", "end": "00:13:24", "text": "pretty good. 10%. And then silver"}, {"start": "00:13:21", "end": "00:13:26", "text": "again over the last month or so, damn"}, {"start": "00:13:24", "end": "00:13:30", "text": "11%."}, {"start": "00:13:26", "end": "00:13:33", "text": "So looking at that over a month, taking"}, {"start": "00:13:30", "end": "00:13:37", "text": "a look at say like"}, {"start": "00:13:33", "end": "00:13:39", "text": "the last 30 days, Bitcoin's down 1.8."}, {"start": "00:13:37", "end": "00:13:42", "text": "Not too great, but look at Ethereum."}, {"start": "00:13:39", "end": "00:13:48", "text": "Jeez, I take that back."}, {"start": "00:13:42", "end": "00:13:49", "text": "XRP, BNB, awful 10% except for"}, {"start": "00:13:48", "end": "00:13:51", "text": "Tron."}, {"start": "00:13:49", "end": "00:13:52", "text": "You know, this reminds me of like what"}, {"start": "00:13:51", "end": "00:13:54", "text": "we talked about about Stanley Duck and"}, {"start": "00:13:52", "end": "00:13:56", "text": "Miller yesterday and he said, \"Look,\" he"}, {"start": "00:13:54", "end": "00:13:57", "text": "goes, he goes, \"All the different stocks"}, {"start": "00:13:56", "end": "00:14:00", "text": "that that I'm into, all the different"}, {"start": "00:13:57", "end": "00:14:02", "text": "positions, I'm only going to make uh"}, {"start": "00:14:00", "end": "00:14:04", "text": "really good gains. I'm like two to"}, {"start": "00:14:02", "end": "00:14:06", "text": "three.\" He goes, \"All the rest of them,"}, {"start": "00:14:04", "end": "00:14:08", "text": "you're not going to make squat.\" He"}, {"start": "00:14:06", "end": "00:14:11", "text": "goes, and that's why he he says he"}, {"start": "00:14:08", "end": "00:14:13", "text": "hyperfocuses on. This is why like I take"}, {"start": "00:14:11", "end": "00:14:14", "text": "a look at Bitcoin, it does great, but I"}, {"start": "00:14:13", "end": "00:14:17", "text": "still believe in the Binance, Ethereum,"}, {"start": "00:14:14", "end": "00:14:19", "text": "Salana, and Tron for stable coin rails."}, {"start": "00:14:17", "end": "00:14:21", "text": "Jerry thoughts on this one about why"}, {"start": "00:14:19", "end": "00:14:24", "text": "we're on and and we talked about this"}, {"start": "00:14:21", "end": "00:14:28", "text": "like the last two months."}, {"start": "00:14:24", "end": "00:14:33", "text": ">> So, so the big the actual killer apps"}, {"start": "00:14:28", "end": "00:14:35", "text": "for digital assets"}, {"start": "00:14:33", "end": "00:14:37", "text": "in the real world, right, where web two"}, {"start": "00:14:35", "end": "00:14:39", "text": "is coming and transitioning into web 3"}, {"start": "00:14:37", "end": "00:14:42", "text": "have been stable coins, right? And so"}, {"start": "00:14:39", "end": "00:14:45", "text": "these infrastructure projects"}, {"start": "00:14:42", "end": "00:14:49", "text": "that are that took big leads in the"}, {"start": "00:14:45", "end": "00:14:51", "text": "stable coin movement um with smart"}, {"start": "00:14:49", "end": "00:14:51", "text": "contracts."}, {"start": "00:14:51", "end": "00:14:52", "text": ">> Yeah."}, {"start": "00:14:51", "end": "00:14:54", "text": ">> Are also going to be the same"}, {"start": "00:14:52", "end": "00:14:56", "text": "infrastructure projects for real world"}, {"start": "00:14:54", "end": "00:14:56", "text": "assets, right?"}, {"start": "00:14:56", "end": "00:14:59", "text": ">> True."}, {"start": "00:14:56", "end": "00:15:01", "text": ">> And that's what's coming. And so I think"}, {"start": "00:14:59", "end": "00:15:05", "text": "I think there's a lot of bleed over from"}, {"start": "00:15:01", "end": "00:15:10", "text": "from or speculation from these rails"}, {"start": "00:15:05", "end": "00:15:12", "text": "that have been so foundational in the"}, {"start": "00:15:10", "end": "00:15:16", "text": "payment element of use case for"}, {"start": "00:15:12", "end": "00:15:19", "text": "blockchain in in traditional"}, {"start": "00:15:16", "end": "00:15:22", "text": "structures or industry. Uh I think we're"}, {"start": "00:15:19", "end": "00:15:23", "text": "seeing the same transition to real world"}, {"start": "00:15:22", "end": "00:15:25", "text": "assets. I think Tron's going to be a"}, {"start": "00:15:23", "end": "00:15:28", "text": "player. Obviously, Ethereum, obviously"}, {"start": "00:15:25", "end": "00:15:30", "text": "Salana, obvious, you know, any of these"}, {"start": "00:15:28", "end": "00:15:32", "text": "layer 1 protocols, but I think that's"}, {"start": "00:15:30", "end": "00:15:34", "text": "what you're seeing."}, {"start": "00:15:32", "end": "00:15:35", "text": ">> Yeah, I think so. And then we're going"}, {"start": "00:15:34", "end": "00:15:38", "text": "to actually talk about that in a little"}, {"start": "00:15:35", "end": "00:15:40", "text": "bit over on payments.org and what's"}, {"start": "00:15:38", "end": "00:15:42", "text": "going on with that. But before we get"}, {"start": "00:15:40", "end": "00:15:44", "text": "into all these things,"}, {"start": "00:15:42", "end": "00:15:48", "text": "I think we need to talk about what's"}, {"start": "00:15:44", "end": "00:15:49", "text": "happening in the world because there's"}, {"start": "00:15:48", "end": "00:15:51", "text": "good news, but we have to really kind of"}, {"start": "00:15:49", "end": "00:15:52", "text": "dissect things. And before I start"}, {"start": "00:15:51", "end": "00:15:55", "text": "talking about things, I want everybody"}, {"start": "00:15:52", "end": "00:15:58", "text": "to remind everybody"}, {"start": "00:15:55", "end": "00:16:01", "text": "of what you can control,"}, {"start": "00:15:58", "end": "00:16:04", "text": "which isn't much. So like all these"}, {"start": "00:16:01", "end": "00:16:06", "text": "things that we're talking about here, uh"}, {"start": "00:16:04", "end": "00:16:08", "text": "just know that you can control your"}, {"start": "00:16:06", "end": "00:16:10", "text": "portfolio, you can control your health,"}, {"start": "00:16:08", "end": "00:16:12", "text": "you can control your thoughts. There are"}, {"start": "00:16:10", "end": "00:16:13", "text": "some things that you cannot control. We"}, {"start": "00:16:12", "end": "00:16:15", "text": "just have to digest and say, \"Okay, well"}, {"start": "00:16:13", "end": "00:16:18", "text": "this is what's going on. This is what's"}, {"start": "00:16:15", "end": "00:16:21", "text": "happening.\" So why was there such a big"}, {"start": "00:16:18", "end": "00:16:25", "text": "drop off? Well, you know, news, we are"}, {"start": "00:16:21", "end": "00:16:28", "text": "not immune to the geopolitical effects"}, {"start": "00:16:25", "end": "00:16:30", "text": "and the gravity that pulls us in. And it"}, {"start": "00:16:28", "end": "00:16:31", "text": "looks like there's JD Vance gave a"}, {"start": "00:16:30", "end": "00:16:33", "text": "little press conference today and he"}, {"start": "00:16:31", "end": "00:16:35", "text": "says yeah it looks like you know there's"}, {"start": "00:16:33", "end": "00:16:39", "text": "some things that were agreed upon in the"}, {"start": "00:16:35", "end": "00:16:42", "text": "uh Iran US talks but one of the big"}, {"start": "00:16:39", "end": "00:16:46", "text": "things that was not agreed upon uh was"}, {"start": "00:16:42", "end": "00:16:50", "text": "nuclear and what Iran plans to do with"}, {"start": "00:16:46", "end": "00:16:54", "text": "their nuclear the uranium enrichment uh"}, {"start": "00:16:50", "end": "00:16:56", "text": "verse nuclear warheads and such. So that"}, {"start": "00:16:54", "end": "00:16:58", "text": "would be a big net negative because that"}, {"start": "00:16:56", "end": "00:16:59", "text": "was the big thing. People were kind of"}, {"start": "00:16:58", "end": "00:17:01", "text": "hoping that this would actually, you"}, {"start": "00:16:59", "end": "00:17:04", "text": "know, come out and be great. But let's"}, {"start": "00:17:01", "end": "00:17:06", "text": "be honest, I don't I don't think that uh"}, {"start": "00:17:04", "end": "00:17:09", "text": "this is going to be a vastly ongoing"}, {"start": "00:17:06", "end": "00:17:12", "text": "thing. So that's just how it is. And"}, {"start": "00:17:09", "end": "00:17:14", "text": "hopefully cooler heads will prevail. I"}, {"start": "00:17:12", "end": "00:17:17", "text": "will say though, there is some good"}, {"start": "00:17:14", "end": "00:17:18", "text": "news, especially for oil. And me and"}, {"start": "00:17:17", "end": "00:17:21", "text": "Jerry were talking about this offline."}, {"start": "00:17:18", "end": "00:17:24", "text": "oil energy production and what this"}, {"start": "00:17:21", "end": "00:17:26", "text": "means for the global economy and the big"}, {"start": "00:17:24", "end": "00:17:28", "text": "thing which is compute. This from Alazer"}, {"start": "00:17:26", "end": "00:17:31", "text": "English Qatar's Ministry of Transport"}, {"start": "00:17:28", "end": "00:17:33", "text": "says maritime navigation will resume for"}, {"start": "00:17:31", "end": "00:17:37", "text": "all types of maritime vessels and ships"}, {"start": "00:17:33", "end": "00:17:40", "text": "from 6 to 6 p.m. local time. Now this is"}, {"start": "00:17:37", "end": "00:17:42", "text": "on Sunday. Now this might change because"}, {"start": "00:17:40", "end": "00:17:44", "text": "of the outcome of what is happening"}, {"start": "00:17:42", "end": "00:17:48", "text": "right here and what's going on with"}, {"start": "00:17:44", "end": "00:17:50", "text": "America. But what will not change and I"}, {"start": "00:17:48", "end": "00:17:53", "text": "think this is actually a bigger thing."}, {"start": "00:17:50", "end": "00:17:55", "text": "Saudi Arabia restores full capacity on"}, {"start": "00:17:53", "end": "00:17:57", "text": "the east to west oil pipeline to 7"}, {"start": "00:17:55", "end": "00:18:00", "text": "million barrels per day BPD after"}, {"start": "00:17:57", "end": "00:18:03", "text": "attacks. I had to take a look at this"}, {"start": "00:18:00", "end": "00:18:05", "text": "but Saudi Arabia averages roughly around"}, {"start": "00:18:03", "end": "00:18:07", "text": "5 to 7 million barrels per day on the"}, {"start": "00:18:05", "end": "00:18:09", "text": "street of Hormouth which takes a look"}, {"start": "00:18:07", "end": "00:18:12", "text": "like this."}, {"start": "00:18:09", "end": "00:18:15", "text": "Now if that's going to remain closed no"}, {"start": "00:18:12", "end": "00:18:17", "text": "big deal. let's create a pipeline which"}, {"start": "00:18:15", "end": "00:18:20", "text": "has been in service for quite some time"}, {"start": "00:18:17", "end": "00:18:23", "text": "but of course there was a bombing by"}, {"start": "00:18:20", "end": "00:18:25", "text": "drones and now they have restored it so"}, {"start": "00:18:23", "end": "00:18:28", "text": "the entire 7 millions barrels per day in"}, {"start": "00:18:25", "end": "00:18:33", "text": "Saudi Arabia is able to be shipped from"}, {"start": "00:18:28", "end": "00:18:36", "text": "east to west and then go out uh out of"}, {"start": "00:18:33", "end": "00:18:37", "text": "that corridor"}, {"start": "00:18:36", "end": "00:18:40", "text": "uh which is owned by Yemen looks like"}, {"start": "00:18:37", "end": "00:18:42", "text": "Yemen, Ethiopia and Somalia and Sudan."}, {"start": "00:18:40", "end": "00:18:43", "text": "So this is good news I think. Jerry,"}, {"start": "00:18:42", "end": "00:18:47", "text": "what are your thoughts on all this"}, {"start": "00:18:43", "end": "00:18:49", "text": "energy crisis and barrels per day and"}, {"start": "00:18:47", "end": "00:18:51", "text": "the stuff that's going on in and your"}, {"start": "00:18:49", "end": "00:18:53", "text": "sphere of control?"}, {"start": "00:18:51", "end": "00:18:54", "text": ">> Well, my sphere of control is no"}, {"start": "00:18:53", "end": "00:18:58", "text": "different than yours, but I do have an"}, {"start": "00:18:54", "end": "00:19:00", "text": "opinion and it's coming from a place of"}, {"start": "00:18:58", "end": "00:19:03", "text": "I don't want to say enlightenment, but"}, {"start": "00:19:00", "end": "00:19:06", "text": "I've got I've become very knowledgeable"}, {"start": "00:19:03", "end": "00:19:09", "text": "and taken a more realistic view around"}, {"start": "00:19:06", "end": "00:19:13", "text": "oil. And I had always had these like"}, {"start": "00:19:09", "end": "00:19:15", "text": "hopes and dreams that we would wean as a"}, {"start": "00:19:13", "end": "00:19:19", "text": "as a culture, as a people, as a as a"}, {"start": "00:19:15", "end": "00:19:22", "text": "planet would wean ourselves off of oil."}, {"start": "00:19:19", "end": "00:19:25", "text": "Um, I think the truth is, Rob, oil is is"}, {"start": "00:19:22", "end": "00:19:29", "text": "here to stay. There is just too many"}, {"start": "00:19:25", "end": "00:19:32", "text": "fabrics of our society, industry, every"}, {"start": "00:19:29", "end": "00:19:35", "text": "element of our lives"}, {"start": "00:19:32", "end": "00:19:39", "text": "is is involves oil in some way, shape,"}, {"start": "00:19:35", "end": "00:19:42", "text": "or form. And so"}, {"start": "00:19:39", "end": "00:19:43", "text": "we the United States is doing I think in"}, {"start": "00:19:42", "end": "00:19:45", "text": "a really good position especially with"}, {"start": "00:19:43", "end": "00:19:48", "text": "the new developments relative to what's"}, {"start": "00:19:45", "end": "00:19:50", "text": "going on in Venezuela but the rest of"}, {"start": "00:19:48", "end": "00:19:55", "text": "the world is so dependent"}, {"start": "00:19:50", "end": "00:19:58", "text": "on that area and up until that east west"}, {"start": "00:19:55", "end": "00:20:02", "text": "corridor gets perfected and others chime"}, {"start": "00:19:58", "end": "00:20:08", "text": "in that straight to Hermuse is really a"}, {"start": "00:20:02", "end": "00:20:11", "text": "critical pathway for the flow of oil and"}, {"start": "00:20:08", "end": "00:20:14", "text": "so when when it is disrupted, of course"}, {"start": "00:20:11", "end": "00:20:16", "text": "it's going to disrupt markets, right? If"}, {"start": "00:20:14", "end": "00:20:18", "text": "everything is based on oil in some way,"}, {"start": "00:20:16", "end": "00:20:20", "text": "shape, or form. Kind of like that."}, {"start": "00:20:18", "end": "00:20:23", "text": "Remember the old six degrees of"}, {"start": "00:20:20", "end": "00:20:23", "text": "separation between Kevin Bacon and you."}, {"start": "00:20:23", "end": "00:20:25", "text": ">> Yeah."}, {"start": "00:20:23", "end": "00:20:27", "text": ">> It's kind of like that with oil. There"}, {"start": "00:20:25", "end": "00:20:31", "text": "is there's like three degrees of"}, {"start": "00:20:27", "end": "00:20:35", "text": "separation. Everything touches oil in"}, {"start": "00:20:31", "end": "00:20:38", "text": "some way, shape, or form. And so um"}, {"start": "00:20:35", "end": "00:20:41", "text": "I think until that whole mess gets"}, {"start": "00:20:38", "end": "00:20:47", "text": "sorted out,"}, {"start": "00:20:41", "end": "00:20:49", "text": ">> don't go to sleep on on its impact,"}, {"start": "00:20:47", "end": "00:20:52", "text": ">> right? Don't because it's a massive"}, {"start": "00:20:49", "end": "00:20:53", "text": "impact. And the and the reason why we're"}, {"start": "00:20:52", "end": "00:20:55", "text": "massive and the reason why we're talking"}, {"start": "00:20:53", "end": "00:20:56", "text": "about all this like, well, who cares? I"}, {"start": "00:20:55", "end": "00:20:58", "text": "mean, why are we talking about"}, {"start": "00:20:56", "end": "00:21:00", "text": "geopolitics and why are we talking about"}, {"start": "00:20:58", "end": "00:21:02", "text": "wars on a crypto channel? It's because"}, {"start": "00:21:00", "end": "00:21:05", "text": "it's all interrelated. And actually,"}, {"start": "00:21:02", "end": "00:21:08", "text": "meme says it right here. uh talks about"}, {"start": "00:21:05", "end": "00:21:10", "text": "cow, lots of FUD over one developer."}, {"start": "00:21:08", "end": "00:21:12", "text": "Looks like uh of course this is a crypto"}, {"start": "00:21:10", "end": "00:21:15", "text": "project and they left but again these"}, {"start": "00:21:12", "end": "00:21:17", "text": "are an intersection between electricity"}, {"start": "00:21:15", "end": "00:21:20", "text": "power"}, {"start": "00:21:17", "end": "00:21:22", "text": "traditional and crypto and digital"}, {"start": "00:21:20", "end": "00:21:24", "text": "assets. So when we talk about these"}, {"start": "00:21:22", "end": "00:21:27", "text": "things there is a massive amount of"}, {"start": "00:21:24", "end": "00:21:28", "text": "electricity we need for AI. There's a"}, {"start": "00:21:27", "end": "00:21:30", "text": "massive amount of electricity we need"}, {"start": "00:21:28", "end": "00:21:31", "text": "just to run daily operations. And of"}, {"start": "00:21:30", "end": "00:21:34", "text": "course, if we're going to run these AI"}, {"start": "00:21:31", "end": "00:21:37", "text": "projects, I believe that projects like"}, {"start": "00:21:34", "end": "00:21:40", "text": "Tao, what Jerry talked about, Akos, and"}, {"start": "00:21:37", "end": "00:21:42", "text": "of course, even for the AI agents to use"}, {"start": "00:21:40", "end": "00:21:44", "text": "stable coins and the rails, they're"}, {"start": "00:21:42", "end": "00:21:46", "text": "going to need crypto and digital assets."}, {"start": "00:21:44", "end": "00:21:48", "text": "So, everything is interconnected and"}, {"start": "00:21:46", "end": "00:21:49", "text": "related. And there's this why I talk"}, {"start": "00:21:48", "end": "00:21:51", "text": "about there there's actually good news."}, {"start": "00:21:49", "end": "00:21:54", "text": "It's because you all have heard this."}, {"start": "00:21:51", "end": "00:21:57", "text": "And what you've heard is AI is going to"}, {"start": "00:21:54", "end": "00:21:59", "text": "destroy everything. T2 or excuse me the"}, {"start": "00:21:57", "end": "00:22:02", "text": "T800 T1000 are come out and wipe"}, {"start": "00:21:59", "end": "00:22:04", "text": "everything out just like in Terminator"}, {"start": "00:22:02", "end": "00:22:06", "text": "and it's just going to be awful and"}, {"start": "00:22:04", "end": "00:22:08", "text": "we're gonna just be wasted away and I"}, {"start": "00:22:06", "end": "00:22:10", "text": "have to tell you I don't think that. And"}, {"start": "00:22:08", "end": "00:22:12", "text": "then also the big thing is electricity"}, {"start": "00:22:10", "end": "00:22:15", "text": "because everything's going to be used by"}, {"start": "00:22:12", "end": "00:22:17", "text": "AI and Jerry talked about this. Here's a"}, {"start": "00:22:15", "end": "00:22:20", "text": "this is why I like to kind of bring to"}, {"start": "00:22:17", "end": "00:22:23", "text": "you a little bit of brevity and a little"}, {"start": "00:22:20", "end": "00:22:24", "text": "bit of upliftingness. This is Demis"}, {"start": "00:22:23", "end": "00:22:26", "text": "Habis. Well, actually this is you're"}, {"start": "00:22:24", "end": "00:22:28", "text": "seeing right here is actually the person"}, {"start": "00:22:26", "end": "00:22:30", "text": "that's interviewing. Ms. Havis is a"}, {"start": "00:22:28", "end": "00:22:32", "text": "Nobel Peace Prize in chemistry used"}, {"start": "00:22:30", "end": "00:22:34", "text": "Alphafold"}, {"start": "00:22:32", "end": "00:22:36", "text": "uh to bring about a lot of different"}, {"start": "00:22:34", "end": "00:22:39", "text": "interesting concepts. And what he's"}, {"start": "00:22:36", "end": "00:22:41", "text": "going to talk about is because obviously"}, {"start": "00:22:39", "end": "00:22:43", "text": "he knows it with with Google and"}, {"start": "00:22:41", "end": "00:22:47", "text": "AlphaFold, which AlphaFold uh was"}, {"start": "00:22:43", "end": "00:22:49", "text": "actually used uh to create an mRNA uh"}, {"start": "00:22:47", "end": "00:22:52", "text": "cancer vaccine"}, {"start": "00:22:49", "end": "00:22:55", "text": "for this eight-year-old rescue dog. and"}, {"start": "00:22:52", "end": "00:22:56", "text": "actually saved his life. But what"}, {"start": "00:22:55", "end": "00:22:59", "text": "they're talking about is how much"}, {"start": "00:22:56", "end": "00:23:04", "text": "electricity is being used and how"}, {"start": "00:22:59", "end": "00:23:06", "text": "actually AI is not the hindrance. AI"}, {"start": "00:23:04", "end": "00:23:07", "text": "actually unlocks all electricity. So"}, {"start": "00:23:06", "end": "00:23:09", "text": "just take a listen to this. It's about a"}, {"start": "00:23:07", "end": "00:23:11", "text": "minute. Actually, it's 50 seconds. Just"}, {"start": "00:23:09", "end": "00:23:13", "text": "take a listen. Hold on."}, {"start": "00:23:11", "end": "00:23:17", "text": ">> Unprecedented need for new energy. Well,"}, {"start": "00:23:13", "end": "00:23:19", "text": "I think actually um AI will in the in"}, {"start": "00:23:17", "end": "00:23:21", "text": "the medium to long run uh more than pay"}, {"start": "00:23:19", "end": "00:23:23", "text": "for itself I think in terms of energy"}, {"start": "00:23:21", "end": "00:23:25", "text": "costs in ter so you know we work on all"}, {"start": "00:23:23", "end": "00:23:28", "text": "these projects of like optimizing"}, {"start": "00:23:25", "end": "00:23:29", "text": "existing infrastructure like optimizing"}, {"start": "00:23:28", "end": "00:23:32", "text": "the grid. I think we could probably get"}, {"start": "00:23:29", "end": "00:23:34", "text": "30 40% more efficiency out of our"}, {"start": "00:23:32", "end": "00:23:39", "text": "national grids. Um and then there's like"}, {"start": "00:23:34", "end": "00:23:39", "text": "modeling the climate and weather."}, {"start": "00:23:40", "end": "00:23:45", "text": ">> I don't know what happened there. Well,"}, {"start": "00:23:42", "end": "00:23:48", "text": "anyhow, that was essentially the the big"}, {"start": "00:23:45", "end": "00:23:50", "text": "parts. I don't know why it went"}, {"start": "00:23:48", "end": "00:23:53", "text": "off, but Jerry, what's your thoughts"}, {"start": "00:23:50", "end": "00:23:57", "text": "here as far as like AI using to optimize"}, {"start": "00:23:53", "end": "00:23:58", "text": "things, especially for you AI using"}, {"start": "00:23:57", "end": "00:24:02", "text": "optimize electricity, which I think you"}, {"start": "00:23:58", "end": "00:24:04", "text": "know 30%, 40% is actually dropped from"}, {"start": "00:24:02", "end": "00:24:06", "text": "where you actually create it to the"}, {"start": "00:24:04", "end": "00:24:08", "text": "actual infrastructure."}, {"start": "00:24:06", "end": "00:24:11", "text": ">> That's absolutely true. there is a"}, {"start": "00:24:08", "end": "00:24:13", "text": "degragation in the the amount of"}, {"start": "00:24:11", "end": "00:24:15", "text": "electricity that can travel over copper"}, {"start": "00:24:13", "end": "00:24:18", "text": "wire, right?"}, {"start": "00:24:15", "end": "00:24:21", "text": ">> And um and there they're little things"}, {"start": "00:24:18", "end": "00:24:24", "text": "they're doing like uh to increase that"}, {"start": "00:24:21", "end": "00:24:26", "text": "by having electricity or even data flow"}, {"start": "00:24:24", "end": "00:24:30", "text": "through"}, {"start": "00:24:26", "end": "00:24:33", "text": "cable like glass like an optical cable"}, {"start": "00:24:30", "end": "00:24:36", "text": "or over believe it or not a beam of"}, {"start": "00:24:33", "end": "00:24:40", "text": "light through laser. H"}, {"start": "00:24:36", "end": "00:24:43", "text": ">> very very interesting and so yeah AI is"}, {"start": "00:24:40", "end": "00:24:44", "text": "going to help bring about efficiencies"}, {"start": "00:24:43", "end": "00:24:47", "text": "in"}, {"start": "00:24:44", "end": "00:24:53", "text": "everything. I mean, can you imagine can"}, {"start": "00:24:47", "end": "00:24:55", "text": "you imagine health care in 10 years when"}, {"start": "00:24:53", "end": "00:24:58", "text": "super nonotional"}, {"start": "00:24:55", "end": "00:25:00", "text": "intelligence is brought to"}, {"start": "00:24:58", "end": "00:25:04", "text": "diagnosis"}, {"start": "00:25:00", "end": "00:25:07", "text": "um treatment"}, {"start": "00:25:04", "end": "00:25:10", "text": "um scanning the the the effectiveness of"}, {"start": "00:25:07", "end": "00:25:14", "text": "different drugs that are able to create"}, {"start": "00:25:10", "end": "00:25:16", "text": "I mean it it's every single thing. It's"}, {"start": "00:25:14", "end": "00:25:18", "text": "really amazing. It's going to be a"}, {"start": "00:25:16", "end": "00:25:20", "text": "different It's going to be a different"}, {"start": "00:25:18", "end": "00:25:22", "text": "conversation with AI in a couple of"}, {"start": "00:25:20", "end": "00:25:26", "text": "years once people or the masses start to"}, {"start": "00:25:22", "end": "00:25:28", "text": "see that there is a real Cambrian"}, {"start": "00:25:26", "end": "00:25:32", "text": "explosion going on with the advancements"}, {"start": "00:25:28", "end": "00:25:35", "text": "and the benefit that comes from it."}, {"start": "00:25:32", "end": "00:25:37", "text": ">> Yeah. The big benefits. I think people"}, {"start": "00:25:35", "end": "00:25:39", "text": ">> Yeah. I think they they kind of lose"}, {"start": "00:25:37", "end": "00:25:41", "text": "sight of all that because we just hear"}, {"start": "00:25:39", "end": "00:25:43", "text": "about the Yeah. We hear about the doom"}, {"start": "00:25:41", "end": "00:25:45", "text": "and gloom. I know there was a there's a"}, {"start": "00:25:43", "end": "00:25:47", "text": "big thing that just came out from Claude"}, {"start": "00:25:45", "end": "00:25:50", "text": "where it was able to find all these"}, {"start": "00:25:47", "end": "00:25:56", "text": "different hacking points for all these"}, {"start": "00:25:50", "end": "00:25:58", "text": "uh uh computers state points uh for"}, {"start": "00:25:56", "end": "00:26:01", "text": "uh essentially"}, {"start": "00:25:58", "end": "00:26:03", "text": "uh operation systems and it looks like"}, {"start": "00:26:01", "end": "00:26:05", "text": "these are like decade old type of"}, {"start": "00:26:03", "end": "00:26:07", "text": "vulnerabilities that was put out and of"}, {"start": "00:26:05", "end": "00:26:09", "text": "course Claude comes out you know people"}, {"start": "00:26:07", "end": "00:26:10", "text": "behind it and said this is the worst"}, {"start": "00:26:09", "end": "00:26:13", "text": "thing of all time and then I remember"}, {"start": "00:26:10", "end": "00:26:16", "text": "like David Saxs on on the all-in podcast"}, {"start": "00:26:13", "end": "00:26:20", "text": "that you know they seem to have like a"}, {"start": "00:26:16", "end": "00:26:22", "text": "this ability to generate fear and then"}, {"start": "00:26:20", "end": "00:26:24", "text": "once everything gets rolled out then"}, {"start": "00:26:22", "end": "00:26:25", "text": "everything becomes just fine. So it"}, {"start": "00:26:24", "end": "00:26:28", "text": "seems like and I have to tell you like"}, {"start": "00:26:25", "end": "00:26:30", "text": "like fear does move mountains. I've used"}, {"start": "00:26:28", "end": "00:26:32", "text": "this a lot of times on just YouTube. I"}, {"start": "00:26:30", "end": "00:26:36", "text": "hate to tell you that, but uh you know"}, {"start": "00:26:32", "end": "00:26:39", "text": "fear if if I put out a fearbased title"}, {"start": "00:26:36", "end": "00:26:41", "text": "and a thumbnail, more people will click"}, {"start": "00:26:39", "end": "00:26:43", "text": "on that than as opposed to what I just"}, {"start": "00:26:41", "end": "00:26:45", "text": "put out today, which is there's good"}, {"start": "00:26:43", "end": "00:26:47", "text": "news out this is going to be good"}, {"start": "00:26:45", "end": "00:26:50", "text": "because people in their lizard brain"}, {"start": "00:26:47", "end": "00:26:51", "text": "part, it's either fight or flight. And"}, {"start": "00:26:50", "end": "00:26:53", "text": "when they see that like I got to know, I"}, {"start": "00:26:51", "end": "00:26:55", "text": "got to know. And it's the same thing I I"}, {"start": "00:26:53", "end": "00:26:57", "text": "think going on with AI moving forward."}, {"start": "00:26:55", "end": "00:26:59", "text": "And I will tell you though that you know"}, {"start": "00:26:57", "end": "00:27:02", "text": "historically speaking usually the"}, {"start": "00:26:59", "end": "00:27:05", "text": "positivity wins out. This was uh I"}, {"start": "00:27:02", "end": "00:27:08", "text": "actually put this into the post."}, {"start": "00:27:05", "end": "00:27:10", "text": "This is from New York Times in 1983 and"}, {"start": "00:27:08", "end": "00:27:13", "text": "82 and it talks about how computers will"}, {"start": "00:27:10", "end": "00:27:15", "text": "eliminate all jobs and how you are"}, {"start": "00:27:13", "end": "00:27:18", "text": "essentially becoming obsolete. This is"}, {"start": "00:27:15", "end": "00:27:21", "text": "an A283. All it does what made just made"}, {"start": "00:27:18", "end": "00:27:23", "text": "us more productive and it kind of"}, {"start": "00:27:21", "end": "00:27:26", "text": "tethered us to a screen. And the same"}, {"start": "00:27:23", "end": "00:27:29", "text": "thing also happens with the as far as"}, {"start": "00:27:26", "end": "00:27:30", "text": "like it go where as far as like with the"}, {"start": "00:27:29", "end": "00:27:32", "text": "internet."}, {"start": "00:27:30", "end": "00:27:34", "text": "Oh, I got to get that. I got to change"}, {"start": "00:27:32", "end": "00:27:36", "text": "that. But it's the same thing which"}, {"start": "00:27:34", "end": "00:27:37", "text": "we've seen over and over again. The"}, {"start": "00:27:36", "end": "00:27:39", "text": "internet comes in, it's going to"}, {"start": "00:27:37", "end": "00:27:40", "text": "eliminate jobs. Computers are going to"}, {"start": "00:27:39", "end": "00:27:42", "text": "eliminate jobs. And now what is it? AI"}, {"start": "00:27:40", "end": "00:27:44", "text": "is going to eliminate jobs. I just don't"}, {"start": "00:27:42", "end": "00:27:48", "text": "think that's really what it is. I think"}, {"start": "00:27:44", "end": "00:27:50", "text": "we need to really latch on to the"}, {"start": "00:27:48", "end": "00:27:54", "text": "positives and especially as that relates"}, {"start": "00:27:50", "end": "00:27:56", "text": "to our space and crypto and payments."}, {"start": "00:27:54", "end": "00:27:57", "text": "Jerry, as far as like payments and AI"}, {"start": "00:27:56", "end": "00:27:59", "text": "agents, I know you've already done some"}, {"start": "00:27:57", "end": "00:28:00", "text": "things with OpenClaw. Have you done"}, {"start": "00:27:59", "end": "00:28:03", "text": "anything with like payments as far as"}, {"start": "00:28:00", "end": "00:28:06", "text": "with stables using your agents?"}, {"start": "00:28:03", "end": "00:28:10", "text": ">> So, um, yeah, we're we've built an agent"}, {"start": "00:28:06", "end": "00:28:13", "text": "that will sell to another agent, not"}, {"start": "00:28:10", "end": "00:28:16", "text": "another human, to another agent. um"}, {"start": "00:28:13", "end": "00:28:18", "text": "subscriptions to an LLM."}, {"start": "00:28:16", "end": "00:28:20", "text": ">> So in other words, kind of like a a an"}, {"start": "00:28:18", "end": "00:28:24", "text": "agent can plug into our sales agent and"}, {"start": "00:28:20", "end": "00:28:27", "text": "connect to 120 billion parameter model"}, {"start": "00:28:24", "end": "00:28:30", "text": "and and use it as a brain."}, {"start": "00:28:27", "end": "00:28:33", "text": "Kind of like if a person was getting in"}, {"start": "00:28:30", "end": "00:28:36", "text": "a taxi, they're going to pay the taxi on"}, {"start": "00:28:33", "end": "00:28:38", "text": "a meter to go wherever they want to go."}, {"start": "00:28:36", "end": "00:28:43", "text": "It's the same principle with this agent"}, {"start": "00:28:38", "end": "00:28:45", "text": "selling this 120 billion parameter model"}, {"start": "00:28:43", "end": "00:28:48", "text": "to another agent."}, {"start": "00:28:45", "end": "00:28:49", "text": ">> It's we're doing it just to see if we"}, {"start": "00:28:48", "end": "00:28:52", "text": "can"}, {"start": "00:28:49", "end": "00:28:56", "text": ">> understand and map and architect agentto"}, {"start": "00:28:52", "end": "00:28:58", "text": "agent agenic workflows in commerce"}, {"start": "00:28:56", "end": "00:29:01", "text": ">> because it is it is different than"}, {"start": "00:28:58", "end": "00:29:05", "text": "people the the way people do it."}, {"start": "00:29:01", "end": "00:29:06", "text": ">> Yeah. I mean, if you can uh Mark Andre"}, {"start": "00:29:05", "end": "00:29:08", "text": "talked about this recently. He said,"}, {"start": "00:29:06", "end": "00:29:11", "text": "\"Hey, this is the killer app essentially"}, {"start": "00:29:08", "end": "00:29:12", "text": "for crypto is they got to use it because"}, {"start": "00:29:11", "end": "00:29:14", "text": "as far as like the rates and things like"}, {"start": "00:29:12", "end": "00:29:17", "text": "that from Visa and Mastercard, it's just"}, {"start": "00:29:14", "end": "00:29:21", "text": "too much.\" And speaking of that, let's"}, {"start": "00:29:17", "end": "00:29:24", "text": "round this show off with someium."}, {"start": "00:29:21", "end": "00:29:27", "text": "So, this was this is actually an older"}, {"start": "00:29:24", "end": "00:29:30", "text": "story. This is directly from Visa."}, {"start": "00:29:27", "end": "00:29:32", "text": "Visa and Bridge expand collaboration"}, {"start": "00:29:30", "end": "00:29:34", "text": "with plans to bring stable coin link"}, {"start": "00:29:32", "end": "00:29:36", "text": "cards to over a 100 countries. And the"}, {"start": "00:29:34", "end": "00:29:38", "text": "reason why I brought this back out, this"}, {"start": "00:29:36", "end": "00:29:39", "text": "is from March 3rd, is because this is"}, {"start": "00:29:38", "end": "00:29:41", "text": "happening by the end of the year. Bridge"}, {"start": "00:29:39", "end": "00:29:45", "text": "enabled stable coin link cards are now"}, {"start": "00:29:41", "end": "00:29:47", "text": "live in only 18 countries with planned"}, {"start": "00:29:45", "end": "00:29:49", "text": "expansion over 100 countries across"}, {"start": "00:29:47", "end": "00:29:52", "text": "Europe, Asia, Pacific, Africa, and the"}, {"start": "00:29:49", "end": "00:29:55", "text": "Middle East by the end of the year. So,"}, {"start": "00:29:52", "end": "00:29:57", "text": "if we have stable coin linked cards, we"}, {"start": "00:29:55", "end": "00:29:59", "text": "add those to over 100 countries, what do"}, {"start": "00:29:57", "end": "00:30:00", "text": "you think that's going to do for the"}, {"start": "00:29:59", "end": "00:30:01", "text": "stable coin market and the rails that"}, {"start": "00:30:00", "end": "00:30:03", "text": "it's built on? I think it's something"}, {"start": "00:30:01", "end": "00:30:06", "text": "that we need to pay attention to and"}, {"start": "00:30:03", "end": "00:30:08", "text": "especially as AI moves forward. Jerry,"}, {"start": "00:30:06", "end": "00:30:11", "text": "thoughts"}, {"start": "00:30:08", "end": "00:30:14", "text": ">> up and to the right."}, {"start": "00:30:11", "end": "00:30:18", "text": ">> I like that. That would be nice again."}, {"start": "00:30:14", "end": "00:30:22", "text": "Yeah, it's Agentic Workflows are the"}, {"start": "00:30:18", "end": "00:30:24", "text": "killer apps for digital value exchange,"}, {"start": "00:30:22", "end": "00:30:29", "text": "right? Because they're going to be it's"}, {"start": "00:30:24", "end": "00:30:32", "text": "247. I mean, it's constant. And I don't"}, {"start": "00:30:29", "end": "00:30:35", "text": "know if you remember all those um uh"}, {"start": "00:30:32", "end": "00:30:37", "text": "projects that tried to do micro payments"}, {"start": "00:30:35", "end": "00:30:38", "text": "back four, five, even up to six years"}, {"start": "00:30:37", "end": "00:30:40", "text": "ago."}, {"start": "00:30:38", "end": "00:30:42", "text": ">> Little bit. Yeah."}, {"start": "00:30:40", "end": "00:30:44", "text": "They were they were trying to do micro"}, {"start": "00:30:42", "end": "00:30:47", "text": "payments for people"}, {"start": "00:30:44", "end": "00:30:50", "text": ">> and it never really took off. Never"}, {"start": "00:30:47", "end": "00:30:54", "text": "really, you know, I never I never sub uh"}, {"start": "00:30:50", "end": "00:30:56", "text": "paid the New York Times 3.5 cents to"}, {"start": "00:30:54", "end": "00:31:00", "text": "read one little article. That that never"}, {"start": "00:30:56", "end": "00:31:02", "text": "really took off. But here we are now a"}, {"start": "00:31:00", "end": "00:31:06", "text": "whole new industry, Agentic Commerce,"}, {"start": "00:31:02", "end": "00:31:09", "text": "where agents can transact. Now all of a"}, {"start": "00:31:06", "end": "00:31:12", "text": "sudden we have found the industry where"}, {"start": "00:31:09", "end": "00:31:15", "text": "micro payments work where they would be"}, {"start": "00:31:12", "end": "00:31:16", "text": "the preferred."}, {"start": "00:31:15", "end": "00:31:20", "text": "This is going to be interesting to see"}, {"start": "00:31:16", "end": "00:31:22", "text": "which one of these technologies can fit"}, {"start": "00:31:20", "end": "00:31:25", "text": "into that ascending"}, {"start": "00:31:22", "end": "00:31:26", "text": "industry. Agentto agent commerce,"}, {"start": "00:31:25", "end": "00:31:28", "text": ">> right?"}, {"start": "00:31:26", "end": "00:31:30", "text": ">> Microp payments are the thing in that"}, {"start": "00:31:28", "end": "00:31:34", "text": "industry. That is that is the micro"}, {"start": "00:31:30", "end": "00:31:37", "text": "payment killer app is a"}, {"start": "00:31:34", "end": "00:31:38", "text": ">> Yeah, it it is. It is. And then I think"}, {"start": "00:31:37", "end": "00:31:39", "text": "and I wasn't going to go over this. I"}, {"start": "00:31:38", "end": "00:31:40", "text": "was going to go right to Q&A, but now"}, {"start": "00:31:39", "end": "00:31:42", "text": "that you brought it up, I'm going to go"}, {"start": "00:31:40", "end": "00:31:45", "text": "one more one more thing down"}, {"start": "00:31:42", "end": "00:31:46", "text": ">> and I want you who are watching this"}, {"start": "00:31:45", "end": "00:31:49", "text": "video, I need your help with this one"}, {"start": "00:31:46", "end": "00:31:50", "text": "because like we talk about payments and"}, {"start": "00:31:49", "end": "00:31:53", "text": "stable coins every like that's cool, but"}, {"start": "00:31:50", "end": "00:31:55", "text": "who's really using it? And I'm like"}, {"start": "00:31:53", "end": "00:31:56", "text": "that's actually a good point. I And of"}, {"start": "00:31:55", "end": "00:31:57", "text": "course microp payments. Well, who's"}, {"start": "00:31:56", "end": "00:31:59", "text": "really using it? Well, it's going to be"}, {"start": "00:31:57", "end": "00:32:02", "text": "AI. When the hell is that? Okay, that's"}, {"start": "00:31:59", "end": "00:32:05", "text": "a good point. Now, come with me on down"}, {"start": "00:32:02", "end": "00:32:06", "text": "down down this this rabbit hole. This is"}, {"start": "00:32:05", "end": "00:32:09", "text": "payments.org,"}, {"start": "00:32:06", "end": "00:32:13", "text": "and I got this from this was from"}, {"start": "00:32:09", "end": "00:32:15", "text": "Solana, the official uh uh Xac account."}, {"start": "00:32:13", "end": "00:32:18", "text": "Listen to this."}, {"start": "00:32:15", "end": "00:32:20", "text": "This is the CEO of Ray's app and what"}, {"start": "00:32:18", "end": "00:32:22", "text": "they're doing and tell me if you would"}, {"start": "00:32:20", "end": "00:32:25", "text": "do this and actually if you would use"}, {"start": "00:32:22", "end": "00:32:28", "text": "it. I don't I don't I don't know if I"}, {"start": "00:32:25", "end": "00:32:29", "text": "would actually. Take a listen."}, {"start": "00:32:28", "end": "00:32:32", "text": "Dad's in the grocery business. We grew"}, {"start": "00:32:29", "end": "00:32:33", "text": "up working in the stores. Just started"}, {"start": "00:32:32", "end": "00:32:35", "text": "seeing gift cards. And I'm like, it's a"}, {"start": "00:32:33", "end": "00:32:36", "text": "huge industry. I went to pitch my dad."}, {"start": "00:32:35", "end": "00:32:37", "text": "He's like this old school Greek. Like,"}, {"start": "00:32:36", "end": "00:32:39", "text": "what are these gift cards? Didn't even"}, {"start": "00:32:37", "end": "00:32:40", "text": "understand it. It's money we can get"}, {"start": "00:32:39", "end": "00:32:42", "text": "from our customers ahead of time. We can"}, {"start": "00:32:40", "end": "00:32:43", "text": "use it as working capital, but they have"}, {"start": "00:32:42", "end": "00:32:45", "text": "to spend it back in our stores. But it"}, {"start": "00:32:43", "end": "00:32:47", "text": "just didn't make sense for the time."}, {"start": "00:32:45", "end": "00:32:49", "text": "Massive space, wildly inefficient, pay"}, {"start": "00:32:47", "end": "00:32:52", "text": "upwards of 20% fees, double spending"}, {"start": "00:32:49", "end": "00:32:55", "text": "issues, fraud. I think blockchains can"}, {"start": "00:32:52", "end": "00:32:55", "text": "solve some of this stuff."}, {"start": "00:32:57", "end": "00:33:00", "text": "Started with people on Craigslist in my"}, {"start": "00:32:58", "end": "00:33:03", "text": "apartment. We own a deal on gift cards."}, {"start": "00:33:00", "end": "00:33:04", "text": "Listed for sale. We get 15%. Buyer gets"}, {"start": "00:33:03", "end": "00:33:07", "text": "a discount. Seller gets cash they didn't"}, {"start": "00:33:04", "end": "00:33:08", "text": "have before. Couponing, discounts, all"}, {"start": "00:33:07", "end": "00:33:10", "text": "that became like a negative. The whole"}, {"start": "00:33:08", "end": "00:33:11", "text": "notion of raise was flipping the"}, {"start": "00:33:10", "end": "00:33:12", "text": "industry on its head. How do we get rid"}, {"start": "00:33:11", "end": "00:33:14", "text": "of middleman? How do you get paid"}, {"start": "00:33:12", "end": "00:33:16", "text": "faster? How do you bypass all these"}, {"start": "00:33:14", "end": "00:33:18", "text": "other institutions that ultimately just"}, {"start": "00:33:16", "end": "00:33:19", "text": "weren't really needed? We have a stable"}, {"start": "00:33:18", "end": "00:33:21", "text": "coin that's going to be used as a"}, {"start": "00:33:19", "end": "00:33:23", "text": "settlement layer for retail. One of the"}, {"start": "00:33:21", "end": "00:33:24", "text": "issues today is let's say you go into a"}, {"start": "00:33:23", "end": "00:33:27", "text": "store and buy a Best Buy gift card. They"}, {"start": "00:33:24", "end": "00:33:28", "text": "may not collect those funds for months."}, {"start": "00:33:27", "end": "00:33:31", "text": "Why isn't Best Buy just collecting the"}, {"start": "00:33:28", "end": "00:33:33", "text": "money right away? Gift cards is like the"}, {"start": "00:33:31", "end": "00:33:34", "text": "original stable coin of stored value. If"}, {"start": "00:33:33", "end": "00:33:36", "text": "you think of what a stable is, right?"}, {"start": "00:33:34", "end": "00:33:38", "text": "Give you cash and give you a denominated"}, {"start": "00:33:36", "end": "00:33:39", "text": "currency back. It's no different than"}, {"start": "00:33:38", "end": "00:33:42", "text": "giving Walmart 100 bucks. They give you"}, {"start": "00:33:39", "end": "00:33:43", "text": "$100 of Walmart cash. One of the next"}, {"start": "00:33:42", "end": "00:33:44", "text": "things that we're really excited about"}, {"start": "00:33:43", "end": "00:33:47", "text": "is this raise card, which is going to be"}, {"start": "00:33:44", "end": "00:33:48", "text": "a 5% cash back card. So, you can earn 5%"}, {"start": "00:33:47", "end": "00:33:50", "text": "everywhere. When you have a family"}, {"start": "00:33:48", "end": "00:33:51", "text": "that's looking at affordability, they're"}, {"start": "00:33:50", "end": "00:33:52", "text": "earning cash back on things that they're"}, {"start": "00:33:51", "end": "00:33:55", "text": "already going to spend and they're"}, {"start": "00:33:52", "end": "00:33:57", "text": "unlocking free gas, more groceries in"}, {"start": "00:33:55", "end": "00:33:59", "text": "the RA, you can use Solana to pay for"}, {"start": "00:33:57", "end": "00:34:01", "text": "your Uber ride and automatically apply"}, {"start": "00:33:59", "end": "00:34:03", "text": "the Uber credit to your ride. This new"}, {"start": "00:34:01", "end": "00:34:04", "text": "infrastructure, we built what are called"}, {"start": "00:34:03", "end": "00:34:07", "text": "smart cards or essentially like"}, {"start": "00:34:04", "end": "00:34:07", "text": "fraud-free, tamper-proof gift cards in"}, {"start": "00:34:07", "end": "00:34:10", "text": "order."}, {"start": "00:34:07", "end": "00:34:12", "text": ">> Okay, so that sounds cool, right? Like,"}, {"start": "00:34:10", "end": "00:34:14", "text": "okay, well, that's great. You go on the"}, {"start": "00:34:12", "end": "00:34:16", "text": "website and it talks about you can pay"}, {"start": "00:34:14", "end": "00:34:19", "text": "with like it says like you can pay with"}, {"start": "00:34:16", "end": "00:34:21", "text": "tether, you can pay with Bitcoin, you"}, {"start": "00:34:19", "end": "00:34:24", "text": "can pay with it even says Visa and Apple"}, {"start": "00:34:21", "end": "00:34:28", "text": "Pay and also talked about Salana for a"}, {"start": "00:34:24", "end": "00:34:30", "text": "lot of the big box type of companies."}, {"start": "00:34:28", "end": "00:34:33", "text": "But here's my question. Would you use it"}, {"start": "00:34:30", "end": "00:34:35", "text": "and what's the point? Because like when"}, {"start": "00:34:33", "end": "00:34:36", "text": "I see this and I actually went to the"}, {"start": "00:34:35", "end": "00:34:37", "text": "website, that's where I got the"}, {"start": "00:34:36", "end": "00:34:40", "text": "information. I actually downloaded the"}, {"start": "00:34:37", "end": "00:34:42", "text": "app and looked at it when I was paying"}, {"start": "00:34:40", "end": "00:34:46", "text": "if I could pay for things at like Target"}, {"start": "00:34:42", "end": "00:34:48", "text": "or whatever else. Uh it's asked me, \"Do"}, {"start": "00:34:46", "end": "00:34:51", "text": "you want to use crypto or do you want to"}, {"start": "00:34:48", "end": "00:34:53", "text": "use Apple Pay or do you want to use a"}, {"start": "00:34:51", "end": "00:34:55", "text": "debit card you've connected to it?\" I'm"}, {"start": "00:34:53", "end": "00:34:57", "text": "like, \"Why the hell would I use crypto?\""}, {"start": "00:34:55", "end": "00:34:59", "text": "Jerry, am I off? And then also, I'm"}, {"start": "00:34:57", "end": "00:35:00", "text": "going to ask everybody in the comments"}, {"start": "00:34:59", "end": "00:35:03", "text": "section, what would be the benefit?"}, {"start": "00:35:00", "end": "00:35:05", "text": "because you still get that 5% or or 1%"}, {"start": "00:35:03", "end": "00:35:07", "text": "cash back if you just pay with like"}, {"start": "00:35:05", "end": "00:35:09", "text": "Apple Pay. Why wouldn't you just do"}, {"start": "00:35:07", "end": "00:35:12", "text": "that?"}, {"start": "00:35:09", "end": "00:35:15", "text": ">> So, everybody could be working off a"}, {"start": "00:35:12", "end": "00:35:17", "text": "different set of incentives, right? What"}, {"start": "00:35:15", "end": "00:35:20", "text": "could be advantageous for me might not"}, {"start": "00:35:17", "end": "00:35:23", "text": "be advantageous for you. So, um I I"}, {"start": "00:35:20", "end": "00:35:25", "text": "don't understand if there is any one"}, {"start": "00:35:23", "end": "00:35:29", "text": "particular route, but one of the things"}, {"start": "00:35:25", "end": "00:35:33", "text": "that makes a lot of sense to me is the"}, {"start": "00:35:29", "end": "00:35:35", "text": "ability to gify spending, right? So, if"}, {"start": "00:35:33", "end": "00:35:37", "text": "I have the choice of five things, which"}, {"start": "00:35:35", "end": "00:35:41", "text": "of those five things gives me the best"}, {"start": "00:35:37", "end": "00:35:45", "text": "advantage in that moment? Okay. So, if I"}, {"start": "00:35:41", "end": "00:35:47", "text": "spend XRP at Dunkin Donuts on Tuesday,"}, {"start": "00:35:45", "end": "00:35:50", "text": "and I'm going to go to Dunkin Donuts on"}, {"start": "00:35:47", "end": "00:35:53", "text": "Tuesday anyway, I would use XRP instead"}, {"start": "00:35:50", "end": "00:35:58", "text": "of uh USDT."}, {"start": "00:35:53", "end": "00:35:58", "text": ">> Gonna go to Dunkin Donuts on Tuesday."}, {"start": "00:36:00", "end": "00:36:05", "text": ">> Did we hit a tech wall here?"}, {"start": "00:36:03", "end": "00:36:08", "text": ">> No. Right. Go ahead."}, {"start": "00:36:05", "end": "00:36:11", "text": ">> Oh, okay. So I mean it I think there's"}, {"start": "00:36:08", "end": "00:36:14", "text": "going to be many different incentives"}, {"start": "00:36:11", "end": "00:36:17", "text": "that arise that give flexibility to"}, {"start": "00:36:14", "end": "00:36:20", "text": "people. I love the idea from the gift"}, {"start": "00:36:17", "end": "00:36:24", "text": "card perspective of me the businessman"}, {"start": "00:36:20", "end": "00:36:27", "text": "giving an agent a gift card. So it would"}, {"start": "00:36:24", "end": "00:36:30", "text": "be like an account here. Here AI agent"}, {"start": "00:36:27", "end": "00:36:33", "text": "that buys uh pineapples from different"}, {"start": "00:36:30", "end": "00:36:37", "text": "farmers in Costa Rica. Here's your $100"}, {"start": "00:36:33", "end": "00:36:40", "text": "gift card. go out, maximize this,"}, {"start": "00:36:37", "end": "00:36:42", "text": "utilize this to its utmost ability, most"}, {"start": "00:36:40", "end": "00:36:45", "text": "efficient spending, delivery,"}, {"start": "00:36:42", "end": "00:36:48", "text": "consumption, etc., and then report back"}, {"start": "00:36:45", "end": "00:36:50", "text": "to me."}, {"start": "00:36:48", "end": "00:36:53", "text": "How cool would that be?"}, {"start": "00:36:50", "end": "00:36:54", "text": ">> Yeah, I can see it. I just like I think"}, {"start": "00:36:53", "end": "00:36:56", "text": "about some other countries about who"}, {"start": "00:36:54", "end": "00:36:58", "text": "would use it, who would not use it. I"}, {"start": "00:36:56", "end": "00:36:59", "text": "think Americans as a whole probably"}, {"start": "00:36:58", "end": "00:37:01", "text": "would be like, well, unless I get paid"}, {"start": "00:36:59", "end": "00:37:04", "text": "in stable coins, it's kind of a hassle"}, {"start": "00:37:01", "end": "00:37:05", "text": "to move things around. I'll just keep in"}, {"start": "00:37:04", "end": "00:37:08", "text": "the bank and just do it that way. But"}, {"start": "00:37:05", "end": "00:37:10", "text": "like we talked about with AI agents, if"}, {"start": "00:37:08", "end": "00:37:12", "text": "if that really takes off, then sure. All"}, {"start": "00:37:10", "end": "00:37:14", "text": "right. Well, that would be a good one."}, {"start": "00:37:12", "end": "00:37:16", "text": "So, I was just reading the comments and"}, {"start": "00:37:14", "end": "00:37:17", "text": "that's it for today for everybody. So,"}, {"start": "00:37:16", "end": "00:37:19", "text": "uh if you want to stick around and ask"}, {"start": "00:37:17", "end": "00:37:23", "text": "Jerry a bunch of questions, he'll answer"}, {"start": "00:37:19", "end": "00:37:24", "text": "everything and I will moderate. Uh but,"}, {"start": "00:37:23", "end": "00:37:25", "text": "uh if you have any questions, go ahead"}, {"start": "00:37:24", "end": "00:37:27", "text": "and rattle them off. But if you want to"}, {"start": "00:37:25", "end": "00:37:30", "text": "take off, take off. Enjoy this beautiful"}, {"start": "00:37:27", "end": "00:37:31", "text": "Sunday wherever you're at. And uh we'll"}, {"start": "00:37:30", "end": "00:37:32", "text": "see you guys next week. But if you want"}, {"start": "00:37:31", "end": "00:37:35", "text": "to stick around, let's do a little Q&A"}, {"start": "00:37:32", "end": "00:37:37", "text": "and go from there. So, first of all,"}, {"start": "00:37:35", "end": "00:37:39", "text": "let's see."}, {"start": "00:37:37", "end": "00:37:41", "text": "Jimmy says, \"Video is blurry from your"}, {"start": "00:37:39", "end": "00:37:43", "text": "image.\" Jerry looks fine. Yeah, I take a"}, {"start": "00:37:41", "end": "00:37:46", "text": "look at that and it looks like uh that"}, {"start": "00:37:43", "end": "00:37:48", "text": "is uh true. Looks like Brave browser"}, {"start": "00:37:46", "end": "00:37:51", "text": "does it again. I changed some settings"}, {"start": "00:37:48", "end": "00:37:53", "text": "for privacy to make him more open, but"}, {"start": "00:37:51", "end": "00:37:56", "text": "it doesn't matter. So, again, it's not"}, {"start": "00:37:53", "end": "00:37:58", "text": "the uh upload download speed. Starlink"}, {"start": "00:37:56", "end": "00:38:01", "text": "has that covered. That's why Jerry looks"}, {"start": "00:37:58", "end": "00:38:03", "text": "great and I look like Max Hedram and uh"}, {"start": "00:38:01", "end": "00:38:05", "text": "the webcam has been fixed. So, it's not"}, {"start": "00:38:03", "end": "00:38:07", "text": "that issue and it's not latency, it's"}, {"start": "00:38:05", "end": "00:38:09", "text": "just the browser."}, {"start": "00:38:07", "end": "00:38:11", "text": "I might have to just go back to Google"}, {"start": "00:38:09", "end": "00:38:15", "text": "Chrome. Sorry, Brave. That's just how it"}, {"start": "00:38:11", "end": "00:38:18", "text": "is. Uh me asked a question, Rob, can you"}, {"start": "00:38:15", "end": "00:38:21", "text": "review the different uh ETF options and"}, {"start": "00:38:18", "end": "00:38:23", "text": "their rates? Let's see if we can pull"}, {"start": "00:38:21", "end": "00:38:27", "text": "that up."}, {"start": "00:38:23", "end": "00:38:27", "text": "So usually"}, {"start": "00:38:29", "end": "00:38:32", "text": "ETF,"}, {"start": "00:38:34", "end": "00:38:37", "text": "let's see,"}, {"start": "00:38:38", "end": "00:38:44", "text": "there it is."}, {"start": "00:38:41", "end": "00:38:44", "text": "So rates,"}, {"start": "00:38:45", "end": "00:38:50", "text": "you can find this on Farside"}, {"start": "00:38:48", "end": "00:38:53", "text": "and they're a tracker for your basic uh"}, {"start": "00:38:50", "end": "00:38:55", "text": "ETF. This is the Ethereum ETFs and"}, {"start": "00:38:53", "end": "00:39:00", "text": "here's the rates that they have. Who's"}, {"start": "00:38:55", "end": "00:39:03", "text": "the lowest bitwise? 0.2. Oh, Franklin"}, {"start": "00:39:00", "end": "00:39:06", "text": "Templeton at 0.19. Just edged these guys"}, {"start": "00:39:03", "end": "00:39:08", "text": "out. But yet, Black Rockck, I think, has"}, {"start": "00:39:06", "end": "00:39:10", "text": "the most volume because they're so damn"}, {"start": "00:39:08", "end": "00:39:14", "text": "large."}, {"start": "00:39:10", "end": "00:39:16", "text": ">> But let's take a look at Bitcoin. Yeah."}, {"start": "00:39:14", "end": "00:39:20", "text": "And I think Morgan Stanley just added"}, {"start": "00:39:16", "end": "00:39:24", "text": "Yep. So Morgan Stanley is 0.14"}, {"start": "00:39:20", "end": "00:39:26", "text": "just beating out Gayscale and Vanek and"}, {"start": "00:39:24", "end": "00:39:30", "text": "Franklin Templeton and Black Rockck at"}, {"start": "00:39:26", "end": "00:39:34", "text": "0.25. So there is your rates for Morgan"}, {"start": "00:39:30", "end": "00:39:36", "text": "Stanley and uh still"}, {"start": "00:39:34", "end": "00:39:38", "text": "doing you know it's funny like doing"}, {"start": "00:39:36", "end": "00:39:42", "text": "that they only had about 15 million on"}, {"start": "00:39:38", "end": "00:39:45", "text": "the 9th of April as opposed to"}, {"start": "00:39:42", "end": "00:39:47", "text": "270 million roughly from Black Rock"}, {"start": "00:39:45", "end": "00:39:50", "text": ">> in this this"}, {"start": "00:39:47", "end": "00:39:52", "text": "All of those ETFs are exactly the same."}, {"start": "00:39:50", "end": "00:39:53", "text": "They're all spot ETFs."}, {"start": "00:39:52", "end": "00:39:53", "text": ">> These are all spot."}, {"start": "00:39:53", "end": "00:39:55", "text": ">> Okay."}, {"start": "00:39:53", "end": "00:39:55", "text": ">> This isn't futures or anything like"}, {"start": "00:39:55", "end": "00:39:57", "text": "that."}, {"start": "00:39:55", "end": "00:39:59", "text": ">> Okay."}, {"start": "00:39:57", "end": "00:40:03", "text": ">> Okay. So, there's your answer for that"}, {"start": "00:39:59", "end": "00:40:03", "text": "one. What else we got?"}, {"start": "00:40:04", "end": "00:40:08", "text": "Oh, Rusty says, \"Yeah, in most the world"}, {"start": "00:40:07", "end": "00:40:10", "text": "using crypto for regular payments can"}, {"start": "00:40:08", "end": "00:40:12", "text": "give you a massive headache if you don't"}, {"start": "00:40:10", "end": "00:40:14", "text": "have a tax guy.\" That's another good"}, {"start": "00:40:12", "end": "00:40:17", "text": "point. I mean, if we're there is no"}, {"start": "00:40:14", "end": "00:40:20", "text": "dimminimous tax, which is the amount"}, {"start": "00:40:17", "end": "00:40:22", "text": "that your central tax organization here"}, {"start": "00:40:20", "end": "00:40:26", "text": "in the United States is IRS would say,"}, {"start": "00:40:22", "end": "00:40:29", "text": "hey, you know, if you bought Bitcoin at"}, {"start": "00:40:26", "end": "00:40:32", "text": "10,000 or $2 like Jerry did, and then"}, {"start": "00:40:29", "end": "00:40:36", "text": "you go and you're you pay for your Uber"}, {"start": "00:40:32", "end": "00:40:38", "text": "and it's like, you know, 35 bucks. Then"}, {"start": "00:40:36", "end": "00:40:42", "text": "you know what's the what's the capital"}, {"start": "00:40:38", "end": "00:40:43", "text": "gains tax you got to pay us for that 35."}, {"start": "00:40:42", "end": "00:40:45", "text": ">> Yeah."}, {"start": "00:40:43", "end": "00:40:47", "text": ">> There's also Rob though the other side"}, {"start": "00:40:45", "end": "00:40:49", "text": "of that coin. And the other side of that"}, {"start": "00:40:47", "end": "00:40:52", "text": "coin is for all of you and including me"}, {"start": "00:40:49", "end": "00:40:55", "text": "that bought Bitcoin at 125,000"}, {"start": "00:40:52", "end": "00:40:57", "text": "when we spend it not only are we"}, {"start": "00:40:55", "end": "00:41:00", "text": "spending it for like I I spend my $4 to"}, {"start": "00:40:57", "end": "00:41:04", "text": "buy my Starbucks coffee but I'm also"}, {"start": "00:41:00", "end": "00:41:06", "text": "getting 35 cents of tax credit."}, {"start": "00:41:04", "end": "00:41:10", "text": ">> What? How you doing that?"}, {"start": "00:41:06", "end": "00:41:13", "text": ">> Okay. If I bought Bitcoin at $125,000"}, {"start": "00:41:10", "end": "00:41:16", "text": "and I sell it, I'm selling it at a loss."}, {"start": "00:41:13", "end": "00:41:17", "text": ">> That loss is a tax harvest."}, {"start": "00:41:16", "end": "00:41:19", "text": ">> That's true."}, {"start": "00:41:17", "end": "00:41:21", "text": ">> Well, I'm just saying there's there's"}, {"start": "00:41:19", "end": "00:41:25", "text": "two sides of that coin. Let's not let's"}, {"start": "00:41:21", "end": "00:41:27", "text": "not only acknowledge the the the not so"}, {"start": "00:41:25", "end": "00:41:30", "text": "good part. There's a really advantageous"}, {"start": "00:41:27", "end": "00:41:32", "text": "part of spending crypto right now if you"}, {"start": "00:41:30", "end": "00:41:35", "text": "bought it above cost basis."}, {"start": "00:41:32", "end": "00:41:38", "text": ">> That's true. You gotta You gotta do"}, {"start": "00:41:35", "end": "00:41:41", "text": "that. That I I need to do that for all"}, {"start": "00:41:38", "end": "00:41:44", "text": "my"}, {"start": "00:41:41", "end": "00:41:46", "text": "for all my stepping coins or whatever"}, {"start": "00:41:44", "end": "00:41:48", "text": "else I have. Yeah, that'd be a good one."}, {"start": "00:41:46", "end": "00:41:50", "text": "Unfortunately,"}, {"start": "00:41:48", "end": "00:41:52", "text": "I think a lot of us But see, everybody"}, {"start": "00:41:50", "end": "00:41:53", "text": "here, we all buy low and sell high,"}, {"start": "00:41:52", "end": "00:41:54", "text": "Jerry. So, we don't we don't know what"}, {"start": "00:41:53", "end": "00:41:55", "text": "you're talking about."}, {"start": "00:41:54", "end": "00:41:57", "text": ">> Yeah, we don't."}, {"start": "00:41:55", "end": "00:42:00", "text": ">> Your audience is definitely better off"}, {"start": "00:41:57", "end": "00:42:07", "text": "than I am."}, {"start": "00:42:00", "end": "00:42:07", "text": ">> This is true. Uh, taxable event. Yeah,"}, {"start": "00:42:09", "end": "00:42:14", "text": "I don't know about that. I can't. That"}, {"start": "00:42:11", "end": "00:42:17", "text": "looks kind of spammy."}, {"start": "00:42:14", "end": "00:42:21", "text": "Turbo pump. Turbo."}, {"start": "00:42:17", "end": "00:42:22", "text": "Turbo dump. Very nice. In addition, they"}, {"start": "00:42:21", "end": "00:42:24", "text": "have restrictions on the gift cards. Oh,"}, {"start": "00:42:22", "end": "00:42:26", "text": "we're talking about got raised de"}, {"start": "00:42:24", "end": "00:42:27", "text": "deactivating them over certain time"}, {"start": "00:42:26", "end": "00:42:28", "text": "frames. So, a person that wants to use a"}, {"start": "00:42:27", "end": "00:42:31", "text": "card has to jump through hoops to"}, {"start": "00:42:28", "end": "00:42:33", "text": "reactivate. That sounds about par for"}, {"start": "00:42:31", "end": "00:42:35", "text": "the course. Ah,"}, {"start": "00:42:33", "end": "00:42:37", "text": "Dean says, \"Use my Gemini card instead"}, {"start": "00:42:35", "end": "00:42:39", "text": "and collect the Bitcoin rewards instead."}, {"start": "00:42:37", "end": "00:42:41", "text": "Never use cash for end to end"}, {"start": "00:42:39", "end": "00:42:42", "text": "transactions.\" H, it's not a bad way to"}, {"start": "00:42:41", "end": "00:42:43", "text": "do it."}, {"start": "00:42:42", "end": "00:42:48", "text": ">> Interesting."}, {"start": "00:42:43", "end": "00:42:48", "text": ">> Pay with crypto also means stables."}, {"start": "00:42:48", "end": "00:42:54", "text": "And then Turbo says, \"Give cards aren't"}, {"start": "00:42:51", "end": "00:42:56", "text": "for retail, they are for the retailers."}, {"start": "00:42:54", "end": "00:42:58", "text": "Lots of time people don't spend the gift"}, {"start": "00:42:56", "end": "00:42:59", "text": "card and it gets lost. This is a"}, {"start": "00:42:58", "end": "00:43:00", "text": "feature.\" Yeah, that's true. And you"}, {"start": "00:42:59", "end": "00:43:02", "text": "know what would be great is like you"}, {"start": "00:43:00", "end": "00:43:03", "text": "give it for Christmas and someone"}, {"start": "00:43:02", "end": "00:43:06", "text": "doesn't use the card for two, three,"}, {"start": "00:43:03", "end": "00:43:08", "text": "four months and uh you know Walmart,"}, {"start": "00:43:06", "end": "00:43:09", "text": "Target, they get to keep those funds and"}, {"start": "00:43:08", "end": "00:43:11", "text": "spend them as they see fit. And then of"}, {"start": "00:43:09", "end": "00:43:12", "text": "course what you're spending isn't what"}, {"start": "00:43:11", "end": "00:43:14", "text": "what they have to spend. So it works out"}, {"start": "00:43:12", "end": "00:43:16", "text": "pretty well for everybody. Well, mostly"}, {"start": "00:43:14", "end": "00:43:20", "text": "for them."}, {"start": "00:43:16", "end": "00:43:21", "text": "That's it. I think that's it."}, {"start": "00:43:20", "end": "00:43:23", "text": "Oh,"}, {"start": "00:43:21", "end": "00:43:25", "text": "one more point. Gemini is about to go"}, {"start": "00:43:23", "end": "00:43:27", "text": "bankrupt."}, {"start": "00:43:25", "end": "00:43:28", "text": "I keep I I've heard this for like the"}, {"start": "00:43:27", "end": "00:43:31", "text": "last six months though and it doesn't"}, {"start": "00:43:28", "end": "00:43:31", "text": "seem to ever happen"}, {"start": "00:43:35", "end": "00:43:38", "text": "and"}, {"start": "00:43:39", "end": "00:43:42", "text": "echo says I'll spend my Bitcoin is"}, {"start": "00:43:40", "end": "00:43:44", "text": "treated like money. The only way that"}, {"start": "00:43:42", "end": "00:43:47", "text": "you can do that I think there's only one"}, {"start": "00:43:44", "end": "00:43:48", "text": "is it just El Salvador or is there any"}, {"start": "00:43:47", "end": "00:43:52", "text": "other places that keep it as legal"}, {"start": "00:43:48", "end": "00:43:54", "text": "tender? I think. Oh, legal tender. Uh,"}, {"start": "00:43:52", "end": "00:43:57", "text": "Portug Port Portugal will allow you to"}, {"start": "00:43:54", "end": "00:43:57", "text": "spend it like money."}, {"start": "00:43:58", "end": "00:44:01", "text": ">> Okay. Well, if you want to go with those"}, {"start": "00:44:00", "end": "00:44:03", "text": "two places,"}, {"start": "00:44:01", "end": "00:44:05", "text": ">> the US,"}, {"start": "00:44:03", "end": "00:44:07", "text": ">> not the US,"}, {"start": "00:44:05", "end": "00:44:09", "text": "or you could just do what I do, just"}, {"start": "00:44:07", "end": "00:44:11", "text": "move to Puerto Rico."}, {"start": "00:44:09", "end": "00:44:16", "text": "And we need a lot more people to come"}, {"start": "00:44:11", "end": "00:44:18", "text": "in. We have 30% of the houses that are"}, {"start": "00:44:16", "end": "00:44:20", "text": "in Puerto Rico are called zombie homes."}, {"start": "00:44:18", "end": "00:44:22", "text": "And uh they are massive tax breaks for"}, {"start": "00:44:20", "end": "00:44:25", "text": "you to take those over and live in those"}, {"start": "00:44:22", "end": "00:44:27", "text": "homes and they're just rotting and"}, {"start": "00:44:25", "end": "00:44:29", "text": "falling apart. All you got to do is just"}, {"start": "00:44:27", "end": "00:44:31", "text": "come over. And guess what? There's no"}, {"start": "00:44:29", "end": "00:44:35", "text": "capital gains tax. And then corporate"}, {"start": "00:44:31", "end": "00:44:37", "text": "tax 4%. So I don't still don't"}, {"start": "00:44:35", "end": "00:44:38", "text": "understand why people Well, I do. I"}, {"start": "00:44:37", "end": "00:44:40", "text": "understand why people stay in the States"}, {"start": "00:44:38", "end": "00:44:42", "text": "or stay in their country. It's because"}, {"start": "00:44:40", "end": "00:44:44", "text": "they have family, they have obligations,"}, {"start": "00:44:42", "end": "00:44:47", "text": "and they can't move. But if you can"}, {"start": "00:44:44", "end": "00:44:49", "text": "move, I would definitely make a"}, {"start": "00:44:47", "end": "00:44:52", "text": "take a little trip to Puerto Rico, maybe"}, {"start": "00:44:49", "end": "00:44:54", "text": "even Costa Rica. All right, everybody."}, {"start": "00:44:52", "end": "00:44:56", "text": "That's it for today. If you like today's"}, {"start": "00:44:54", "end": "00:44:57", "text": "video, thumbs up, subscribe, all that"}, {"start": "00:44:56", "end": "00:44:59", "text": "great stuff. Jerry, thanks for stopping"}, {"start": "00:44:57", "end": "00:45:02", "text": "by. We appreciate it. And that is it."}, {"start": "00:44:59", "end": "00:45:04", "text": "We'll see you guys in uh one more week."}, {"start": "00:45:02", "end": "00:45:08", "text": "So hopefully this next week will be"}, {"start": "00:45:04", "end": "00:45:08", "text": "good. Thanks everybody. Adios."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Hello everybody. Welcome to the Friday"}, {"start": "00:00:02", "end": "00:00:07", "text": "live stream. So Stanley Ducken Miller is"}, {"start": "00:00:05", "end": "00:00:10", "text": "pretty much an investing legend. And"}, {"start": "00:00:07", "end": "00:00:13", "text": "when he talks about how to not fail and"}, {"start": "00:00:10", "end": "00:00:14", "text": "how he hasn't really lost in 30 years, I"}, {"start": "00:00:13", "end": "00:00:17", "text": "think it's a good idea to take a listen"}, {"start": "00:00:14", "end": "00:00:19", "text": "to this as we go through the bare market"}, {"start": "00:00:17", "end": "00:00:21", "text": "about what's upon us. And this was"}, {"start": "00:00:19", "end": "00:00:23", "text": "actually put out by Wolf Financial. And"}, {"start": "00:00:21", "end": "00:00:26", "text": "I like these really short clips because"}, {"start": "00:00:23", "end": "00:00:28", "text": "it reminds us of why we're here, what"}, {"start": "00:00:26", "end": "00:00:31", "text": "we're supposed to do, and not go crazy"}, {"start": "00:00:28", "end": "00:00:32", "text": "as time goes on. So, just take a listen"}, {"start": "00:00:31", "end": "00:00:34", "text": "to this. It's about a minute and a half."}, {"start": "00:00:32", "end": "00:00:37", "text": "This was it was a decade ago, I think,"}, {"start": "00:00:34", "end": "00:00:39", "text": "when he actually gave this talk. And uh"}, {"start": "00:00:37", "end": "00:00:40", "text": "again, it's just about not losing, about"}, {"start": "00:00:39", "end": "00:00:42", "text": "diversification versus"}, {"start": "00:00:40", "end": "00:00:43", "text": "non-diversification, and where you're"}, {"start": "00:00:42", "end": "00:00:45", "text": "actually going to make money. So, just"}, {"start": "00:00:43", "end": "00:00:48", "text": "take a listen to this."}, {"start": "00:00:45", "end": "00:00:51", "text": ">> Well, my idea of risk control is a"}, {"start": "00:00:48", "end": "00:00:53", "text": "little non-conventional."}, {"start": "00:00:51", "end": "00:00:54", "text": "I like putting all my eggs in one basket"}, {"start": "00:00:53", "end": "00:00:58", "text": "and then watching the basket very"}, {"start": "00:00:54", "end": "00:00:59", "text": "carefully. I think uh"}, {"start": "00:00:58", "end": "00:01:01", "text": "I don't know what they teach at"}, {"start": "00:00:59", "end": "00:01:04", "text": "Marshall, but at most business schools"}, {"start": "00:01:01", "end": "00:01:06", "text": "they teach I think a lot of nonsense"}, {"start": "00:01:04", "end": "00:01:08", "text": "called risk adjusted return and"}, {"start": "00:01:06", "end": "00:01:11", "text": "diversification."}, {"start": "00:01:08", "end": "00:01:13", "text": "A as a money manager,"}, {"start": "00:01:11", "end": "00:01:17", "text": "if if you look at a normal portfolio,"}, {"start": "00:01:13", "end": "00:01:18", "text": "most people will make 70 80% of money"}, {"start": "00:01:17", "end": "00:01:21", "text": "that year on two or three ideas, even"}, {"start": "00:01:18", "end": "00:01:22", "text": "though they'll have 30 or 40 things in"}, {"start": "00:01:21", "end": "00:01:27", "text": "their portfolio."}, {"start": "00:01:22", "end": "00:01:28", "text": "My concept was to put into those two or"}, {"start": "00:01:27", "end": "00:01:31", "text": "three ideas that I had the most"}, {"start": "00:01:28", "end": "00:01:34", "text": "conviction in. I was also lucky to"}, {"start": "00:01:31", "end": "00:01:36", "text": "travel across asset classes. So, I"}, {"start": "00:01:34", "end": "00:01:38", "text": "traded commodities, currencies, bonds,"}, {"start": "00:01:36", "end": "00:01:40", "text": "and equities. and it gave me the"}, {"start": "00:01:38", "end": "00:01:42", "text": "discipline. If I didn't have a good idea"}, {"start": "00:01:40", "end": "00:01:45", "text": "in equities, I was happy to have no"}, {"start": "00:01:42", "end": "00:01:47", "text": "equities or the same thing with bonds."}, {"start": "00:01:45", "end": "00:01:49", "text": "So, when you have a quiver with a bunch"}, {"start": "00:01:47", "end": "00:01:52", "text": "of arrows in it, you can usually find"}, {"start": "00:01:49", "end": "00:01:54", "text": "something to put a lot of money into."}, {"start": "00:01:52", "end": "00:01:56", "text": "The only other thing I'd say is too many"}, {"start": "00:01:54", "end": "00:01:58", "text": "investors look at the present. The"}, {"start": "00:01:56", "end": "00:02:01", "text": "present is always is already in the"}, {"start": "00:01:58", "end": "00:02:04", "text": "price. You have to think out of the box"}, {"start": "00:02:01", "end": "00:02:06", "text": "and sort of visualize 18 to 24 months"}, {"start": "00:02:04", "end": "00:02:10", "text": "from now what the world is going to be"}, {"start": "00:02:06", "end": "00:02:12", "text": "and what securities might trade at. You"}, {"start": "00:02:10", "end": "00:02:15", "text": "know what a company's been earning is"}, {"start": "00:02:12", "end": "00:02:17", "text": "rid it doesn't mean anything. What you"}, {"start": "00:02:15", "end": "00:02:18", "text": "have to look at is what people think"}, {"start": "00:02:17", "end": "00:02:20", "text": "what a company's earning what people"}, {"start": "00:02:18", "end": "00:02:22", "text": "think it's going to earn. And if you can"}, {"start": "00:02:20", "end": "00:02:24", "text": "see something two years it's going to be"}, {"start": "00:02:22", "end": "00:02:26", "text": "entirely different than the conventional"}, {"start": "00:02:24", "end": "00:02:28", "text": "wisdom. That's how you make money. My"}, {"start": "00:02:26", "end": "00:02:30", "text": "first boss used to say the obvious is"}, {"start": "00:02:28", "end": "00:02:32", "text": "obviously wrong. If you invest in"}, {"start": "00:02:30", "end": "00:02:33", "text": "conventional wisdom, you're going to"}, {"start": "00:02:32", "end": "00:02:36", "text": "lose your butt."}, {"start": "00:02:33", "end": "00:02:38", "text": ">> You're going to lose your butt. And you"}, {"start": "00:02:36", "end": "00:02:40", "text": "know when he talks about that and you"}, {"start": "00:02:38", "end": "00:02:43", "text": "know it's a good lesson for right now,"}, {"start": "00:02:40", "end": "00:02:45", "text": "especially in this bare market and you"}, {"start": "00:02:43", "end": "00:02:47", "text": "know moving forward what we should be"}, {"start": "00:02:45", "end": "00:02:48", "text": "trying to do is of course you know"}, {"start": "00:02:47", "end": "00:02:51", "text": "looking into the future about what could"}, {"start": "00:02:48", "end": "00:02:54", "text": "be the big thing. And like he said in"}, {"start": "00:02:51", "end": "00:02:55", "text": "this this this quick snippet was he"}, {"start": "00:02:54", "end": "00:02:57", "text": "says, you know, I don't really invested"}, {"start": "00:02:55", "end": "00:03:00", "text": "in too many things. You know, I I pretty"}, {"start": "00:02:57", "end": "00:03:01", "text": "much concentrate what I'm doing and the"}, {"start": "00:03:00", "end": "00:03:03", "text": "things that I know about I stick with"}, {"start": "00:03:01", "end": "00:03:05", "text": "and I take a look at that basket and"}, {"start": "00:03:03", "end": "00:03:07", "text": "watch it grow. So again, I found it"}, {"start": "00:03:05", "end": "00:03:10", "text": "interesting that, you know, this is the"}, {"start": "00:03:07", "end": "00:03:14", "text": "thing that we're here for. I don't know"}, {"start": "00:03:10", "end": "00:03:16", "text": "what your focus is, but I can tell you"}, {"start": "00:03:14", "end": "00:03:17", "text": "that, you know, my focus, the things"}, {"start": "00:03:16", "end": "00:03:20", "text": "that I know about, maybe you're in the"}, {"start": "00:03:17", "end": "00:03:22", "text": "same boat, is I know about Bitcoin and I"}, {"start": "00:03:20", "end": "00:03:25", "text": "know about digital assets and I know"}, {"start": "00:03:22", "end": "00:03:27", "text": "where the return on investment actually"}, {"start": "00:03:25", "end": "00:03:30", "text": "is going to come from, I believe, in the"}, {"start": "00:03:27", "end": "00:03:32", "text": "next, you know, 12, 18, and 24 months."}, {"start": "00:03:30", "end": "00:03:35", "text": "But just listening to Stanley talk about"}, {"start": "00:03:32", "end": "00:03:37", "text": "that it was eyeopening"}, {"start": "00:03:35", "end": "00:03:38", "text": "that you know he also believes in"}, {"start": "00:03:37", "end": "00:03:40", "text": "Bitcoin and he also believes in the same"}, {"start": "00:03:38", "end": "00:03:42", "text": "thing that I believe in which stable"}, {"start": "00:03:40", "end": "00:03:44", "text": "coins and payments are going to be the"}, {"start": "00:03:42", "end": "00:03:47", "text": "next big thing and just take a look at"}, {"start": "00:03:44", "end": "00:03:48", "text": "the rails which again if you're talking"}, {"start": "00:03:47", "end": "00:03:50", "text": "about stable coins what he's talking"}, {"start": "00:03:48", "end": "00:03:52", "text": "about"}, {"start": "00:03:50", "end": "00:03:54", "text": "it's going to be the best. So this was"}, {"start": "00:03:52", "end": "00:03:56", "text": "from March 13th. Stable coins, Bitcoin"}, {"start": "00:03:54", "end": "00:03:58", "text": "could reshape finance. Bill and our"}, {"start": "00:03:56", "end": "00:04:02", "text": "investors said stable coins could become"}, {"start": "00:03:58", "end": "00:04:04", "text": "the whole payment system in 10 to 15"}, {"start": "00:04:02", "end": "00:04:06", "text": "years. Reiterate that crypto might"}, {"start": "00:04:04", "end": "00:04:09", "text": "replace the US dollar. It sounds crazy,"}, {"start": "00:04:06", "end": "00:04:11", "text": "but a lot of things sounded crazy 10, 20"}, {"start": "00:04:09", "end": "00:04:13", "text": "years ago and here we are. And just to"}, {"start": "00:04:11", "end": "00:04:15", "text": "kind of focus in on this, he says he"}, {"start": "00:04:13", "end": "00:04:18", "text": "praised stable coins such as USDT and"}, {"start": "00:04:15", "end": "00:04:20", "text": "USDC, which are essentially 93% of the"}, {"start": "00:04:18", "end": "00:04:23", "text": "stable coin market as a productive use"}, {"start": "00:04:20", "end": "00:04:25", "text": "of blockchain tech. Re reiterated his"}, {"start": "00:04:23", "end": "00:04:29", "text": "view that much of the broader crypto"}, {"start": "00:04:25", "end": "00:04:32", "text": "sector remains a solution looking for a"}, {"start": "00:04:29", "end": "00:04:33", "text": "problem and that is true. Now for you,"}, {"start": "00:04:32", "end": "00:04:34", "text": "for whatever you're investing into,"}, {"start": "00:04:33", "end": "00:04:36", "text": "whatever altcoins, maybe there's some"}, {"start": "00:04:34", "end": "00:04:38", "text": "use case and I'm not here to begrudge"}, {"start": "00:04:36", "end": "00:04:40", "text": "you and say, \"Oh, you shouldn't do"}, {"start": "00:04:38", "end": "00:04:43", "text": "that.\" As long as you know it, go for"}, {"start": "00:04:40", "end": "00:04:45", "text": "it. But for me, I just take a look at it"}, {"start": "00:04:43", "end": "00:04:47", "text": "and I just think to myself, the only"}, {"start": "00:04:45", "end": "00:04:49", "text": "that makes sense to me is Bitcoin and"}, {"start": "00:04:47", "end": "00:04:51", "text": "the rails that these stable coins are"}, {"start": "00:04:49", "end": "00:04:53", "text": "built on. And Stanley's kind of in there"}, {"start": "00:04:51", "end": "00:04:56", "text": "with me. Denim Miller said, \"Bitcoin has"}, {"start": "00:04:53", "end": "00:04:57", "text": "probably secured a role as a a store of"}, {"start": "00:04:56", "end": "00:04:59", "text": "value"}, {"start": "00:04:57", "end": "00:05:01", "text": "and question how long the US dollar will"}, {"start": "00:04:59", "end": "00:05:02", "text": "remain the world's reserve currency.\""}, {"start": "00:05:01", "end": "00:05:04", "text": "I'm going to get back to this as far as"}, {"start": "00:05:02", "end": "00:05:06", "text": "like a store of value, but just to"}, {"start": "00:05:04", "end": "00:05:08", "text": "reiterate, if you're new to the channel"}, {"start": "00:05:06", "end": "00:05:11", "text": "and you haven't seen me, you know, pull"}, {"start": "00:05:08", "end": "00:05:13", "text": "this out 10,000 times, just know that"}, {"start": "00:05:11", "end": "00:05:17", "text": "stable coin transactions, all of them"}, {"start": "00:05:13", "end": "00:05:20", "text": "together, we had over 10 trillion total"}, {"start": "00:05:17", "end": "00:05:24", "text": "transaction volume in the last 30 days."}, {"start": "00:05:20", "end": "00:05:27", "text": "Let me say that again. 10 trillion"}, {"start": "00:05:24", "end": "00:05:29", "text": "dollar transaction volume in the last 30"}, {"start": "00:05:27", "end": "00:05:32", "text": "days. Think about"}, {"start": "00:05:29", "end": "00:05:34", "text": "whatever your altcoin is. How is it"}, {"start": "00:05:32", "end": "00:05:36", "text": "doing? How is it comparing to that? And"}, {"start": "00:05:34", "end": "00:05:39", "text": "then if we take a look again just to"}, {"start": "00:05:36", "end": "00:05:42", "text": "prove the thesis, I always say it's"}, {"start": "00:05:39", "end": "00:05:44", "text": "going to be the rails that USDC and UST"}, {"start": "00:05:42", "end": "00:05:46", "text": "are built on. And that is Binance,"}, {"start": "00:05:44", "end": "00:05:47", "text": "Ethereum, Salonetron, Bass, and Polygon"}, {"start": "00:05:46", "end": "00:05:49", "text": "are kind of coming in there. That's"}, {"start": "00:05:47", "end": "00:05:52", "text": "true. And you can just see here as far"}, {"start": "00:05:49", "end": "00:05:57", "text": "as like March, which one's at the top?"}, {"start": "00:05:52", "end": "00:06:01", "text": "It's again all that ever comes up."}, {"start": "00:05:57", "end": "00:06:03", "text": "Ethereum, Salana, Tron, Bass, Binance."}, {"start": "00:06:01", "end": "00:06:05", "text": "Base, you can't own obviously. And then"}, {"start": "00:06:03", "end": "00:06:07", "text": "just coming down here, if we take a look"}, {"start": "00:06:05", "end": "00:06:11", "text": "at the USD volume for the last 12"}, {"start": "00:06:07", "end": "00:06:17", "text": "months, it's"}, {"start": "00:06:11", "end": "00:06:21", "text": "Binance, Ethereum, Salana, and Tron. And"}, {"start": "00:06:17", "end": "00:06:23", "text": "if that makes sense to you, then"}, {"start": "00:06:21", "end": "00:06:25", "text": "roll with it. And that's just the only"}, {"start": "00:06:23", "end": "00:06:28", "text": "makes sense to me. But that last part"}, {"start": "00:06:25", "end": "00:06:30", "text": "that Stanley talked about, he said his"}, {"start": "00:06:28", "end": "00:06:32", "text": "Bitcoin has probably secured a role as a"}, {"start": "00:06:30", "end": "00:06:34", "text": "store of value. I don't want him to be"}, {"start": "00:06:32", "end": "00:06:36", "text": "right because I always think that"}, {"start": "00:06:34", "end": "00:06:37", "text": "Bitcoin should be used in the lightning"}, {"start": "00:06:36", "end": "00:06:39", "text": "rails as payments, peer-to-peer"}, {"start": "00:06:37", "end": "00:06:41", "text": "transaction. That's what the white paper"}, {"start": "00:06:39", "end": "00:06:45", "text": "said."}, {"start": "00:06:41", "end": "00:06:48", "text": "But I have to be honest,"}, {"start": "00:06:45", "end": "00:06:51", "text": "Bitcoin at Block, you know, Jack Dorsey"}, {"start": "00:06:48", "end": "00:06:54", "text": "and Block used to be Square. uh on"}, {"start": "00:06:51", "end": "00:06:56", "text": "Monday, Tuesday, and Wednesday, uh they"}, {"start": "00:06:54", "end": "00:06:58", "text": "allowed everybody in the United States,"}, {"start": "00:06:56", "end": "00:06:59", "text": "I'm not sure if it's Canada or Mexico,"}, {"start": "00:06:58", "end": "00:07:04", "text": "but I'm pretty sure in the US that was"}, {"start": "00:06:59", "end": "00:07:08", "text": "it is they allowed people to"}, {"start": "00:07:04", "end": "00:07:12", "text": "uh get in $25 as long worth of Bitcoin"}, {"start": "00:07:08", "end": "00:07:15", "text": "as long as they went to a blockbased"}, {"start": "00:07:12", "end": "00:07:17", "text": "vendor who uses block and they could use"}, {"start": "00:07:15", "end": "00:07:19", "text": "the cash app and you could buy anything."}, {"start": "00:07:17", "end": "00:07:21", "text": "It could be like up to like a dollar or"}, {"start": "00:07:19", "end": "00:07:23", "text": "$5 worth and they would give you $25"}, {"start": "00:07:21", "end": "00:07:28", "text": "worth of Bitcoin. We talked about on the"}, {"start": "00:07:23", "end": "00:07:32", "text": "show uh all three days. And during those"}, {"start": "00:07:28", "end": "00:07:32", "text": "72 hours,"}, {"start": "00:07:32", "end": "00:07:35", "text": "three days later, it says, \"We launch"}, {"start": "00:07:33", "end": "00:07:36", "text": "Bitcoin Day with 1 million a question"}, {"start": "00:07:35", "end": "00:07:39", "text": "for our community. What happens when you"}, {"start": "00:07:36", "end": "00:07:40", "text": "reward people for using Bitcoin?\" You"}, {"start": "00:07:39", "end": "00:07:42", "text": "would think people like, \"Wow, I can"}, {"start": "00:07:40", "end": "00:07:45", "text": "just spend like a dollar or five bucks,"}, {"start": "00:07:42", "end": "00:07:48", "text": "get 25. Great. Let me do that.\""}, {"start": "00:07:45", "end": "00:07:50", "text": "And I thought the first day it would"}, {"start": "00:07:48", "end": "00:07:52", "text": "have been like that and it would have"}, {"start": "00:07:50", "end": "00:07:54", "text": "all the million dollars they were going"}, {"start": "00:07:52", "end": "00:07:57", "text": "to spend, which was a very nice gesture"}, {"start": "00:07:54", "end": "00:08:00", "text": "I might add. Good for them. Kudos."}, {"start": "00:07:57", "end": "00:08:02", "text": "But by the third day,"}, {"start": "00:08:00", "end": "00:08:04", "text": "they had only given away $900,000."}, {"start": "00:08:02", "end": "00:08:06", "text": "And people would say, \"Well, it's the"}, {"start": "00:08:04", "end": "00:08:10", "text": "bare market and it's awful.\""}, {"start": "00:08:06", "end": "00:08:12", "text": "I know. But if you think about it as far"}, {"start": "00:08:10", "end": "00:08:14", "text": "as"}, {"start": "00:08:12", "end": "00:08:17", "text": "like payments for Bitcoin, what else do"}, {"start": "00:08:14", "end": "00:08:19", "text": "you need to do? Do you need to give away"}, {"start": "00:08:17", "end": "00:08:22", "text": "$50,"}, {"start": "00:08:19", "end": "00:08:25", "text": "$100, $1,000 just so people will use it?"}, {"start": "00:08:22", "end": "00:08:28", "text": "The people are voting. I'm not for sure"}, {"start": "00:08:25", "end": "00:08:30", "text": "that Bitcoin is going to make it as a"}, {"start": "00:08:28", "end": "00:08:32", "text": "peer-to-peer transaction. But it's like"}, {"start": "00:08:30", "end": "00:08:35", "text": "that with all technology. I mean, we"}, {"start": "00:08:32", "end": "00:08:37", "text": "thought when primitive man found iron"}, {"start": "00:08:35", "end": "00:08:39", "text": "ore, they thought, \"Oh, this is going to"}, {"start": "00:08:37", "end": "00:08:41", "text": "be nothing.\" And of course, it's"}, {"start": "00:08:39", "end": "00:08:43", "text": "primitive. But as time went on, what did"}, {"start": "00:08:41", "end": "00:08:46", "text": "we use it for? We use it for flints. We"}, {"start": "00:08:43", "end": "00:08:48", "text": "use it for arrowheads. Then we used it"}, {"start": "00:08:46", "end": "00:08:50", "text": "for shields and for"}, {"start": "00:08:48", "end": "00:08:53", "text": "different defenses. And then moving"}, {"start": "00:08:50", "end": "00:08:55", "text": "forward, we use it for skyscrapers. So"}, {"start": "00:08:53", "end": "00:08:57", "text": "even though you have a great technology,"}, {"start": "00:08:55", "end": "00:08:59", "text": "it doesn't stay as the preferred fit."}, {"start": "00:08:57", "end": "00:09:02", "text": "Anyhow, let me think about that in the"}, {"start": "00:08:59", "end": "00:09:03", "text": "comments section. And then uh to finish"}, {"start": "00:09:02", "end": "00:09:05", "text": "this up,"}, {"start": "00:09:03", "end": "00:09:09", "text": "that's a harp on that part. What Stanley"}, {"start": "00:09:05", "end": "00:09:11", "text": "Ducken Miller said was also echoed by"}, {"start": "00:09:09", "end": "00:09:14", "text": "Morgan Stanley's uh investment officer,"}, {"start": "00:09:11", "end": "00:09:16", "text": "chief uh Mike Wilson. Morgan Stanley's"}, {"start": "00:09:14", "end": "00:09:19", "text": "been doing a great job with their with"}, {"start": "00:09:16", "end": "00:09:20", "text": "their new Bitcoin ETF. And this he only"}, {"start": "00:09:19", "end": "00:09:23", "text": "talks for about a minute and a half or"}, {"start": "00:09:20", "end": "00:09:25", "text": "so, but I want to reiterate this what he"}, {"start": "00:09:23", "end": "00:09:27", "text": "is seeing. Again, Morgan Stanley, chief"}, {"start": "00:09:25", "end": "00:09:29", "text": "investment officer. He's just seeing"}, {"start": "00:09:27", "end": "00:09:30", "text": "like, look, everything's repeating,"}, {"start": "00:09:29", "end": "00:09:32", "text": "which we've talked about that in the"}, {"start": "00:09:30", "end": "00:09:34", "text": "four-year cycle. There's good times"}, {"start": "00:09:32", "end": "00:09:38", "text": "ahead, like we've talked about that"}, {"start": "00:09:34", "end": "00:09:40", "text": "because of, you know, uh, midterm years,"}, {"start": "00:09:38", "end": "00:09:41", "text": "but you got to do things now, which is"}, {"start": "00:09:40", "end": "00:09:43", "text": "essentially what Stanley talked about."}, {"start": "00:09:41", "end": "00:09:46", "text": "So, again, this is just a reiteration,"}, {"start": "00:09:43", "end": "00:09:48", "text": "but take a listen to what, uh, Mike says"}, {"start": "00:09:46", "end": "00:09:50", "text": "here. say that, you know, the markets"}, {"start": "00:09:48", "end": "00:09:52", "text": "trade in the future as we as we like to"}, {"start": "00:09:50", "end": "00:09:54", "text": "say and you know, it's hard for me to"}, {"start": "00:09:52", "end": "00:09:56", "text": "imagine that six months from now things"}, {"start": "00:09:54", "end": "00:09:57", "text": "aren't probably better. Okay, there's"}, {"start": "00:09:56", "end": "00:09:59", "text": "always tail risk and things like that,"}, {"start": "00:09:57", "end": "00:10:01", "text": "but I mean markets have a way of looking"}, {"start": "00:09:59", "end": "00:10:02", "text": "past the moment and I think that's what"}, {"start": "00:10:01", "end": "00:10:05", "text": "they've been doing now for the last"}, {"start": "00:10:02", "end": "00:10:06", "text": "several weeks. We have no idea how this"}, {"start": "00:10:05", "end": "00:10:09", "text": "is ultimately going to resolve itself."}, {"start": "00:10:06", "end": "00:10:12", "text": "But I I hearken back to 2022 when, you"}, {"start": "00:10:09", "end": "00:10:14", "text": "know, Russia invaded Ukraine and oil"}, {"start": "00:10:12", "end": "00:10:16", "text": "prices, you know, peaked and the rate of"}, {"start": "00:10:14", "end": "00:10:18", "text": "change on oil is what matters. It's like"}, {"start": "00:10:16", "end": "00:10:19", "text": "the rate of change on tariffs last year."}, {"start": "00:10:18", "end": "00:10:21", "text": "So I think the I think the market has"}, {"start": "00:10:19", "end": "00:10:22", "text": "discounted a lot of bad news this year,"}, {"start": "00:10:21", "end": "00:10:24", "text": "whether it's the private credit"}, {"start": "00:10:22", "end": "00:10:26", "text": "concerns, AI disruption on labor"}, {"start": "00:10:24", "end": "00:10:28", "text": "markets. And I think there is still one"}, {"start": "00:10:26", "end": "00:10:30", "text": "vital hurdle we got to get past, which"}, {"start": "00:10:28", "end": "00:10:31", "text": "is this transition at the Fed and this"}, {"start": "00:10:30", "end": "00:10:34", "text": "pivot, you know, back away from"}, {"start": "00:10:31", "end": "00:10:35", "text": "inflation to maybe uh growth concerns or"}, {"start": "00:10:34", "end": "00:10:38", "text": "at least, you know, being willing to"}, {"start": "00:10:35", "end": "00:10:39", "text": "support markets if they need to be."}, {"start": "00:10:38", "end": "00:10:42", "text": ">> Before he goes on, isn't it amazing how"}, {"start": "00:10:39", "end": "00:10:44", "text": "we start to keep repeating cycles and"}, {"start": "00:10:42", "end": "00:10:47", "text": "things? 2022"}, {"start": "00:10:44", "end": "00:10:49", "text": "Russia invaded Ukraine, we had massive"}, {"start": "00:10:47", "end": "00:10:50", "text": "oil oil prices, we had market"}, {"start": "00:10:49", "end": "00:10:52", "text": "uncertainty, we had the beginning of the"}, {"start": "00:10:50", "end": "00:10:53", "text": "bare market, and then of course"}, {"start": "00:10:52", "end": "00:10:57", "text": "everything collapsed. Voyager Celsius,"}, {"start": "00:10:53", "end": "00:11:00", "text": "BlockFi, FTX, and now here we go again."}, {"start": "00:10:57", "end": "00:11:02", "text": "2026 going into Iran, oil prices are"}, {"start": "00:11:00", "end": "00:11:04", "text": "spiking, we are in the midterm year just"}, {"start": "00:11:02", "end": "00:11:06", "text": "like we were four years ago. And it just"}, {"start": "00:11:04", "end": "00:11:08", "text": "keeps happening again. Anyhow, last"}, {"start": "00:11:06", "end": "00:11:11", "text": "minute or so, listen to this."}, {"start": "00:11:08", "end": "00:11:14", "text": "There are some who would counter and say"}, {"start": "00:11:11", "end": "00:11:17", "text": "you need still a much larger move lower"}, {"start": "00:11:14", "end": "00:11:20", "text": "in both oil and yields to get I think"}, {"start": "00:11:17", "end": "00:11:22", "text": "more of a credible the coast is clear."}, {"start": "00:11:20", "end": "00:11:24", "text": "Do you do you support that view?"}, {"start": "00:11:22", "end": "00:11:25", "text": ">> Yeah, I 100% agree with that. But the"}, {"start": "00:11:24", "end": "00:11:26", "text": "problem is by the time it's that"}, {"start": "00:11:25", "end": "00:11:28", "text": "definitive, you've probably missed the"}, {"start": "00:11:26", "end": "00:11:30", "text": "opportunity. So that's why you got to"}, {"start": "00:11:28", "end": "00:11:32", "text": "sort of pivot yourself into that. And"}, {"start": "00:11:30", "end": "00:11:34", "text": "and look, we look at a lot of things,"}, {"start": "00:11:32", "end": "00:11:36", "text": "Scott, like like you do and your viewers"}, {"start": "00:11:34", "end": "00:11:37", "text": "do and and your other guests. I mean,"}, {"start": "00:11:36", "end": "00:11:39", "text": "you got to take into account sentiment,"}, {"start": "00:11:37", "end": "00:11:41", "text": "positioning, valuation, and the"}, {"start": "00:11:39", "end": "00:11:43", "text": "technicals. And we got to a point in the"}, {"start": "00:11:41", "end": "00:11:45", "text": "last couple of weeks where it felt like"}, {"start": "00:11:43", "end": "00:11:46", "text": "that was kind of it. And yeah, maybe we"}, {"start": "00:11:45", "end": "00:11:48", "text": "might go lower here or there, but you"}, {"start": "00:11:46", "end": "00:11:49", "text": "know, the idea of putting capital to"}, {"start": "00:11:48", "end": "00:11:51", "text": "work is not to call the exact day, but"}, {"start": "00:11:49", "end": "00:11:53", "text": "to call when it's good riskreward."}, {"start": "00:11:51", "end": "00:11:55", "text": ">> And I'm calling it. I mean, we're pretty"}, {"start": "00:11:53", "end": "00:11:57", "text": "low. Could we go lower? Absolutely. But"}, {"start": "00:11:55", "end": "00:12:00", "text": "there's a reason why I keep buying every"}, {"start": "00:11:57", "end": "00:12:03", "text": "Monday Bitcoin. I'm also buying"}, {"start": "00:12:00", "end": "00:12:05", "text": "uh Binance, Ethereum, Swan, Tron as far"}, {"start": "00:12:03", "end": "00:12:07", "text": "as altcoins because the payment rails"}, {"start": "00:12:05", "end": "00:12:08", "text": "and I made the mistake last time of not"}, {"start": "00:12:07", "end": "00:12:11", "text": "doing that. I'm not going to do that"}, {"start": "00:12:08", "end": "00:12:14", "text": "again. I still think that we have a"}, {"start": "00:12:11", "end": "00:12:15", "text": "horizon to to hit going into 2027, but"}, {"start": "00:12:14", "end": "00:12:17", "text": "these are accumulation years. Anyhow,"}, {"start": "00:12:15", "end": "00:12:18", "text": "let me know what you think about that in"}, {"start": "00:12:17", "end": "00:12:20", "text": "the comments section. And just to finish"}, {"start": "00:12:18", "end": "00:12:22", "text": "up, I can't give you too much"}, {"start": "00:12:20", "end": "00:12:24", "text": "bullishness"}, {"start": "00:12:22", "end": "00:12:27", "text": "without always coming back to a little"}, {"start": "00:12:24", "end": "00:12:30", "text": "bit of bearishness. Uh lastly, Senator"}, {"start": "00:12:27", "end": "00:12:32", "text": "Lumis, Senator for Wyoming says, \"This"}, {"start": "00:12:30", "end": "00:12:34", "text": "is our last chance to pass the Clarity"}, {"start": "00:12:32", "end": "00:12:36", "text": "Act until at least 2030. We can't afford"}, {"start": "00:12:34", "end": "00:12:38", "text": "to surrender America's financial"}, {"start": "00:12:36", "end": "00:12:39", "text": "future.\" Uh people are saying, and if"}, {"start": "00:12:38", "end": "00:12:41", "text": "you don't know, Clarity Act is coming"}, {"start": "00:12:39", "end": "00:12:44", "text": "through to act. And the big stumbling"}, {"start": "00:12:41", "end": "00:12:46", "text": "block is yield on stable coins, which I"}, {"start": "00:12:44", "end": "00:12:49", "text": "think is a big deal. But because we are"}, {"start": "00:12:46", "end": "00:12:50", "text": "in a midterm year, uh Democrats do not"}, {"start": "00:12:49", "end": "00:12:53", "text": "want to give a win to the current"}, {"start": "00:12:50", "end": "00:12:55", "text": "administration. So, uh, they want to,"}, {"start": "00:12:53", "end": "00:12:57", "text": "well, it's actually the banks, but once"}, {"start": "00:12:55", "end": "00:13:00", "text": "we get to midterm years, this is dead,"}, {"start": "00:12:57", "end": "00:13:03", "text": "uh, or sorry, uh, midterm going into"}, {"start": "00:13:00", "end": "00:13:05", "text": "November for the for the voting session."}, {"start": "00:13:03", "end": "00:13:07", "text": "Uh, if we don't pass this now, it won't"}, {"start": "00:13:05", "end": "00:13:10", "text": "get passed for quite a long time. Lumus"}, {"start": "00:13:07", "end": "00:13:11", "text": "is right, and I don't know if this will"}, {"start": "00:13:10", "end": "00:13:13", "text": "actually go through. It would provide"}, {"start": "00:13:11", "end": "00:13:15", "text": "clarity. That's what the act is. But if"}, {"start": "00:13:13", "end": "00:13:17", "text": "it doesn't, expect a big blow. And even"}, {"start": "00:13:15", "end": "00:13:19", "text": "if it does get passed, don't expect"}, {"start": "00:13:17", "end": "00:13:21", "text": "everything to just jump off like crazy."}, {"start": "00:13:19", "end": "00:13:23", "text": "It's going to take time. And if we take"}, {"start": "00:13:21", "end": "00:13:25", "text": "a look at Poly Market, which I only like"}, {"start": "00:13:23", "end": "00:13:27", "text": "to look at Poly Market just for"}, {"start": "00:13:25", "end": "00:13:29", "text": "prediction. I don't like to gamble"}, {"start": "00:13:27", "end": "00:13:32", "text": "because I think this place is for"}, {"start": "00:13:29", "end": "00:13:34", "text": "losers. If you want to uh come to where"}, {"start": "00:13:32", "end": "00:13:37", "text": "all the insider trading is happening, go"}, {"start": "00:13:34", "end": "00:13:40", "text": "right ahead. But we can see that as far"}, {"start": "00:13:37", "end": "00:13:42", "text": "as like who's betting the insiders, as"}, {"start": "00:13:40", "end": "00:13:45", "text": "of February 19th, there's a pretty good"}, {"start": "00:13:42", "end": "00:13:47", "text": "chance. And as of today, you're looking"}, {"start": "00:13:45", "end": "00:13:49", "text": "at a 50/50 shot of that actually going"}, {"start": "00:13:47", "end": "00:13:51", "text": "through. So, we'll see what happens."}, {"start": "00:13:49", "end": "00:13:53", "text": "That's it for today. If you like today's"}, {"start": "00:13:51", "end": "00:13:55", "text": "video, give a thumbs up. Consider"}, {"start": "00:13:53", "end": "00:13:57", "text": "subscribing. We talk about is relatively"}, {"start": "00:13:55", "end": "00:14:00", "text": "timesensitive. That's it for this one."}, {"start": "00:13:57", "end": "00:14:01", "text": "Now, let's do a little Q&A and answer"}, {"start": "00:14:00", "end": "00:14:04", "text": "all your questions to the best of my"}, {"start": "00:14:01", "end": "00:14:07", "text": "abilities. Let's go from here."}, {"start": "00:14:04", "end": "00:14:10", "text": "A will clarity act incl. First of all,"}, {"start": "00:14:07", "end": "00:14:13", "text": "is this camera glitchy?"}, {"start": "00:14:10", "end": "00:14:15", "text": "Oh, good. It got blurry for a second."}, {"start": "00:14:13", "end": "00:14:19", "text": "So, I've had some issues with my with my"}, {"start": "00:14:15", "end": "00:14:21", "text": "cam and I had to get a new computer and"}, {"start": "00:14:19", "end": "00:14:24", "text": "uh I used that and this is the first day"}, {"start": "00:14:21", "end": "00:14:26", "text": "when I got my old computer back after"}, {"start": "00:14:24", "end": "00:14:29", "text": "Apple fixed it and I was hoping that"}, {"start": "00:14:26", "end": "00:14:32", "text": "it's uh it wouldn't be all pixelated."}, {"start": "00:14:29", "end": "00:14:33", "text": "So, it looks like some say it is where"}, {"start": "00:14:32", "end": "00:14:36", "text": "Doc Rice says it's clear again. It's"}, {"start": "00:14:33", "end": "00:14:39", "text": "fine on my iPhone"}, {"start": "00:14:36", "end": "00:14:42", "text": "and well that's good because uh that was"}, {"start": "00:14:39", "end": "00:14:45", "text": "it. And then also I'm trying um Starlink"}, {"start": "00:14:42", "end": "00:14:46", "text": "uh here in Texas to see how it works"}, {"start": "00:14:45", "end": "00:14:48", "text": "out. Then we can put it in our other"}, {"start": "00:14:46", "end": "00:14:50", "text": "properties over in Puerto Rico. So it"}, {"start": "00:14:48", "end": "00:14:54", "text": "looks like uh upload and download speed"}, {"start": "00:14:50", "end": "00:14:56", "text": "is good. Webcam's good, but that's it."}, {"start": "00:14:54", "end": "00:14:58", "text": "Ah crap."}, {"start": "00:14:56", "end": "00:15:01", "text": "Nukeer says blurry on iPhone. Blurry"}, {"start": "00:14:58", "end": "00:15:04", "text": "face again."}, {"start": "00:15:01", "end": "00:15:07", "text": "That's sad. God"}, {"start": "00:15:04", "end": "00:15:08", "text": "dang it. Well, that's a bummer. Oh well,"}, {"start": "00:15:07", "end": "00:15:10", "text": "good news. You don't have to you don't"}, {"start": "00:15:08", "end": "00:15:12", "text": "have to see me. You can hear me. And at"}, {"start": "00:15:10", "end": "00:15:17", "text": "least the microphone works out pretty"}, {"start": "00:15:12", "end": "00:15:20", "text": "well. That's what counts. So, let's see"}, {"start": "00:15:17", "end": "00:15:24", "text": "what else we got."}, {"start": "00:15:20", "end": "00:15:25", "text": "Great. Clear to blurry"}, {"start": "00:15:24", "end": "00:15:29", "text": "question. Do you really still trust"}, {"start": "00:15:25", "end": "00:15:31", "text": "Ledger for long term after all the FUD?"}, {"start": "00:15:29", "end": "00:15:33", "text": "I still have some crypto on my Ledger,"}, {"start": "00:15:31", "end": "00:15:36", "text": "but uh no, I don't like to use it"}, {"start": "00:15:33", "end": "00:15:39", "text": "personally. I've put a big huge fat"}, {"start": "00:15:36", "end": "00:15:41", "text": "chunk in it custody because I went"}, {"start": "00:15:39", "end": "00:15:44", "text": "through the process of getting of"}, {"start": "00:15:41", "end": "00:15:47", "text": "putting it in which was very easy but to"}, {"start": "00:15:44", "end": "00:15:49", "text": "get anything out was extremely difficult"}, {"start": "00:15:47", "end": "00:15:52", "text": "and uh I just with all the AI FUD and"}, {"start": "00:15:49", "end": "00:15:56", "text": "the things that are coming out and you"}, {"start": "00:15:52", "end": "00:15:58", "text": "know if you believe in quantum issues"}, {"start": "00:15:56", "end": "00:16:00", "text": "then uh I'm just going to stick it over"}, {"start": "00:15:58", "end": "00:16:03", "text": "in uh in iTrust."}, {"start": "00:16:00", "end": "00:16:06", "text": "Let's see. Wow."}, {"start": "00:16:03", "end": "00:16:08", "text": "That's pretty good. All right, what"}, {"start": "00:16:06", "end": "00:16:10", "text": "else?"}, {"start": "00:16:08", "end": "00:16:13", "text": "Voice is 100%. Who cares?"}, {"start": "00:16:10", "end": "00:16:13", "text": "Damn."}, {"start": "00:16:15", "end": "00:16:20", "text": "Uh, still blurry. That's a bummer."}, {"start": "00:16:23", "end": "00:16:27", "text": "Rob, I trust is not allowing me to fund"}, {"start": "00:16:25", "end": "00:16:32", "text": "my IRA via a from Puerto Rico. They say"}, {"start": "00:16:27", "end": "00:16:32", "text": "it has to be a bank wire."}, {"start": "00:16:32", "end": "00:16:38", "text": "Okay."}, {"start": "00:16:34", "end": "00:16:40", "text": "To fund my IRA via AC."}, {"start": "00:16:38", "end": "00:16:43", "text": "Oh, I see. So, they want you to pay that"}, {"start": "00:16:40", "end": "00:16:44", "text": "20 bucks, huh? That's a bummer. See if"}, {"start": "00:16:43", "end": "00:16:48", "text": "they'll reimburse you that 20 bucks for"}, {"start": "00:16:44", "end": "00:16:51", "text": "a wire. It's a bummer."}, {"start": "00:16:48", "end": "00:16:54", "text": "Yeah, they um they're very picky on how"}, {"start": "00:16:51", "end": "00:16:55", "text": "they do things, but you know, there's a"}, {"start": "00:16:54", "end": "00:16:57", "text": "reason why they do all those things."}, {"start": "00:16:55", "end": "00:16:59", "text": "Actually, I would call them and ask them"}, {"start": "00:16:57", "end": "00:17:01", "text": "like, \"What's why AC versus wire"}, {"start": "00:16:59", "end": "00:17:02", "text": "transfer?\" Is it because of more"}, {"start": "00:17:01", "end": "00:17:05", "text": "security or why? Because it's more of a"}, {"start": "00:17:02", "end": "00:17:08", "text": "hassle to me. And if it's uh reasonable"}, {"start": "00:17:05", "end": "00:17:11", "text": "for security, then okay, I can see it."}, {"start": "00:17:08", "end": "00:17:11", "text": "Go from there."}, {"start": "00:17:11", "end": "00:17:17", "text": "Yeah, the text is Chris. So, it must be"}, {"start": "00:17:14", "end": "00:17:17", "text": "the camera."}, {"start": "00:17:18", "end": "00:17:24", "text": "Ron probably has no GPU. No, it's a it's"}, {"start": "00:17:21", "end": "00:17:26", "text": "a MacBook Pro"}, {"start": "00:17:24", "end": "00:17:29", "text": "and it worked for the last two years I"}, {"start": "00:17:26", "end": "00:17:29", "text": "had it."}, {"start": "00:17:31", "end": "00:17:36", "text": "Yeah, 48 gigabyte"}, {"start": "00:17:33", "end": "00:17:41", "text": "memory"}, {"start": "00:17:36", "end": "00:17:46", "text": "and uh Apple M4 Pro. So, and then I just"}, {"start": "00:17:41", "end": "00:17:46", "text": "did the upload and download speed"}, {"start": "00:17:46", "end": "00:17:53", "text": "and it's 132 and 20, which is more than"}, {"start": "00:17:50", "end": "00:17:56", "text": "enough and what I need. So, again, it's"}, {"start": "00:17:53", "end": "00:17:59", "text": "the camera. Damn it."}, {"start": "00:17:56", "end": "00:18:01", "text": "That green screen goes hard. Yeah, it"}, {"start": "00:17:59", "end": "00:18:03", "text": "does. You know what's cool about this"}, {"start": "00:18:01", "end": "00:18:06", "text": "green screen."}, {"start": "00:18:03", "end": "00:18:08", "text": "So, I can do this."}, {"start": "00:18:06", "end": "00:18:12", "text": "You can see a green screen of a dog in"}, {"start": "00:18:08", "end": "00:18:15", "text": "here. Lazy bum."}, {"start": "00:18:12", "end": "00:18:18", "text": "And you see that's the real green screen"}, {"start": "00:18:15", "end": "00:18:21", "text": "right there."}, {"start": "00:18:18", "end": "00:18:22", "text": "Yeah. I don't know. Okay. Quantum"}, {"start": "00:18:21", "end": "00:18:24", "text": "computing is going to hold the prices of"}, {"start": "00:18:22", "end": "00:18:30", "text": "Bitcoin down what it should be blowing"}, {"start": "00:18:24", "end": "00:18:30", "text": "up. That's true. We'll see."}, {"start": "00:18:31", "end": "00:18:34", "text": "And"}, {"start": "00:18:34", "end": "00:18:39", "text": "now Mim says, \"But that makes no sense"}, {"start": "00:18:36", "end": "00:18:41", "text": "because Plaid works for Coinbase"}, {"start": "00:18:39", "end": "00:18:43", "text": "again.\" Meme. I don't know why they do"}, {"start": "00:18:41", "end": "00:18:46", "text": "it. That's what they do with me too for"}, {"start": "00:18:43", "end": "00:18:46", "text": "wires."}, {"start": "00:18:48", "end": "00:18:52", "text": "observational say look fine"}, {"start": "00:18:55", "end": "00:18:59", "text": "she got all the squirrels she needs to"}, {"start": "00:18:57", "end": "00:19:02", "text": "she doesn't yeah that'd be great doesn't"}, {"start": "00:18:59", "end": "00:19:03", "text": "do much anymore"}, {"start": "00:19:02", "end": "00:19:05", "text": "says any updates on how your service"}, {"start": "00:19:03", "end": "00:19:07", "text": "world mobile has been the the phone that"}, {"start": "00:19:05", "end": "00:19:10", "text": "I use infrequently no problems doesn't"}, {"start": "00:19:07", "end": "00:19:12", "text": "drop off or anything so yeah world"}, {"start": "00:19:10", "end": "00:19:13", "text": "mobile isn't the problem the problem is"}, {"start": "00:19:12", "end": "00:19:16", "text": "you know use case and getting people to"}, {"start": "00:19:13", "end": "00:19:18", "text": "go for it so it's great that we have you"}, {"start": "00:19:16", "end": "00:19:22", "text": "know all these"}, {"start": "00:19:18", "end": "00:19:23", "text": "uh layers, but it's all about now who's"}, {"start": "00:19:22", "end": "00:19:27", "text": "going to come in and who's going to buy"}, {"start": "00:19:23", "end": "00:19:27", "text": "and who's going to use it."}, {"start": "00:19:33", "end": "00:19:38", "text": "I'm on an iPhone to blurry. Huh?"}, {"start": "00:19:39", "end": "00:19:44", "text": "How do you cut back and forth from Pier"}, {"start": "00:19:40", "end": "00:19:49", "text": "to Texas? Service dog. She is."}, {"start": "00:19:44", "end": "00:19:49", "text": "I'm on an iPhone 12 and it's blurry."}, {"start": "00:19:49", "end": "00:19:53", "text": "You know, you know, I should just keep"}, {"start": "00:19:51", "end": "00:19:55", "text": "it keep the camera and then just keep"}, {"start": "00:19:53", "end": "00:19:58", "text": "going blurry and because then I get a"}, {"start": "00:19:55", "end": "00:20:01", "text": "bunch of comments and that's what uh"}, {"start": "00:19:58", "end": "00:20:01", "text": "YouTube seems to like."}, {"start": "00:20:02", "end": "00:20:07", "text": "Yeah. Well, everybody, that's it if you"}, {"start": "00:20:04", "end": "00:20:09", "text": "want to jump off. But Nuke has a good"}, {"start": "00:20:07", "end": "00:20:12", "text": "question. Anyone seeing Rob clear? If"}, {"start": "00:20:09", "end": "00:20:15", "text": "so, what are you using?"}, {"start": "00:20:12", "end": "00:20:15", "text": "engagement."}, {"start": "00:20:15", "end": "00:20:18", "text": "That's right."}, {"start": "00:20:19", "end": "00:20:22", "text": "Tow took a dive today with a major"}, {"start": "00:20:20", "end": "00:20:26", "text": "developer leaving. Hope it doesn't have"}, {"start": "00:20:22", "end": "00:20:28", "text": "a longer term impact. Probably so."}, {"start": "00:20:26", "end": "00:20:30", "text": "Probably so. But it'll jump up and jump"}, {"start": "00:20:28", "end": "00:20:34", "text": "down. I just towel could be a big thing,"}, {"start": "00:20:30", "end": "00:20:36", "text": "but I mean after the Jason Kellakanakis"}, {"start": "00:20:34", "end": "00:20:39", "text": "I think from the all-in podcast talked"}, {"start": "00:20:36", "end": "00:20:42", "text": "about how great it is and uh that pumped"}, {"start": "00:20:39", "end": "00:20:42", "text": "the price."}, {"start": "00:20:45", "end": "00:20:49", "text": "What kind of camera is it? It's the one"}, {"start": "00:20:47", "end": "00:20:52", "text": "that's in my MacBook Pro."}, {"start": "00:20:49", "end": "00:20:55", "text": "Just the MacBook camera. Yes. See,"}, {"start": "00:20:52", "end": "00:20:56", "text": "that's why like it's it's attached to my"}, {"start": "00:20:55", "end": "00:20:59", "text": "my laptop. That's why I can do stuff"}, {"start": "00:20:56", "end": "00:20:59", "text": "like this."}, {"start": "00:21:00", "end": "00:21:04", "text": "I mean, you can do it on the other side."}, {"start": "00:21:04", "end": "00:21:08", "text": "And uh"}, {"start": "00:21:11", "end": "00:21:14", "text": "if you could lump someone like two"}, {"start": "00:21:12", "end": "00:21:18", "text": "coins, what which one would they be? The"}, {"start": "00:21:14", "end": "00:21:18", "text": "safest is"}, {"start": "00:21:18", "end": "00:21:23", "text": "well, Bitcoin. Obviously, Ethereum"}, {"start": "00:21:21", "end": "00:21:25", "text": "probably is the one that is going to be"}, {"start": "00:21:23", "end": "00:21:28", "text": "most chosen"}, {"start": "00:21:25", "end": "00:21:30", "text": "by the institutions in Wall Street. The"}, {"start": "00:21:28", "end": "00:21:32", "text": "question is, is it going to make a"}, {"start": "00:21:30", "end": "00:21:34", "text": "difference in the price action? That's"}, {"start": "00:21:32", "end": "00:21:36", "text": "the big thing. I think you have to take"}, {"start": "00:21:34", "end": "00:21:40", "text": "a look at which ones are down the most."}, {"start": "00:21:36", "end": "00:21:44", "text": "And uh I would say Binance Ethereum,"}, {"start": "00:21:40", "end": "00:21:48", "text": "excuse me, Bitcoin Ethereum or Bitcoin"}, {"start": "00:21:44", "end": "00:21:48", "text": "Salana, one of those two,"}, {"start": "00:21:48", "end": "00:21:52", "text": "you know. Eric says, \"Use an old phone"}, {"start": "00:21:50", "end": "00:21:56", "text": "as a webcam.\" I've tried it. It's just"}, {"start": "00:21:52", "end": "00:21:57", "text": "that when I use it, it's it zooms in so"}, {"start": "00:21:56", "end": "00:22:01", "text": "high. All you can see is my big enormous"}, {"start": "00:21:57", "end": "00:22:03", "text": "head. So, yeah, that's it. All right,"}, {"start": "00:22:01", "end": "00:22:05", "text": "buddy. 22 minutes. Pretty good. That's"}, {"start": "00:22:03", "end": "00:22:07", "text": "it for today. Like today's video, thumbs"}, {"start": "00:22:05", "end": "00:22:09", "text": "up, subscribe, all that great stuff. The"}, {"start": "00:22:07", "end": "00:22:11", "text": "camera, I don't know. I already sent"}, {"start": "00:22:09", "end": "00:22:13", "text": "this in to Apple. They said that they"}, {"start": "00:22:11", "end": "00:22:14", "text": "fixed it. So, I think I just might have"}, {"start": "00:22:13", "end": "00:22:16", "text": "to get like an external camera. But"}, {"start": "00:22:14", "end": "00:22:19", "text": "until that time, at least the audio is"}, {"start": "00:22:16", "end": "00:22:23", "text": "good. Thanks everybody so much. Enjoy"}, {"start": "00:22:19", "end": "00:22:23", "text": "your weekend. See you in the next one."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "1.9 trillion Asset Center Management"}, {"start": "00:00:03", "end": "00:00:07", "text": "Morgan Stanley just absolutely crushed"}, {"start": "00:00:06", "end": "00:00:09", "text": "it today with their first day for the"}, {"start": "00:00:07", "end": "00:00:11", "text": "Bitcoin ETF. We're going to take a look"}, {"start": "00:00:09", "end": "00:00:12", "text": "at just how well they did. We're also"}, {"start": "00:00:11", "end": "00:00:14", "text": "take a look at their playbook and I got"}, {"start": "00:00:12", "end": "00:00:16", "text": "to tell you it is quite interesting how"}, {"start": "00:00:14", "end": "00:00:17", "text": "much they are putting into it and it"}, {"start": "00:00:16", "end": "00:00:19", "text": "shows that there is a heck of a lot of"}, {"start": "00:00:17", "end": "00:00:21", "text": "demand. Before we get into that, I just"}, {"start": "00:00:19", "end": "00:00:24", "text": "wanted to just go over uh some quick"}, {"start": "00:00:21", "end": "00:00:26", "text": "positive news uh over in the Middle"}, {"start": "00:00:24", "end": "00:00:28", "text": "East. Now, we covered this yesterday,"}, {"start": "00:00:26", "end": "00:00:31", "text": "but uh this is about payments through"}, {"start": "00:00:28", "end": "00:00:33", "text": "the straight of Hermoose and it looks"}, {"start": "00:00:31", "end": "00:00:34", "text": "like again we covered this yesterday,"}, {"start": "00:00:33", "end": "00:00:36", "text": "but I thought it was interesting. Iran"}, {"start": "00:00:34", "end": "00:00:38", "text": "is demanding that oil tankers passing"}, {"start": "00:00:36", "end": "00:00:40", "text": "through the straight uh make toll"}, {"start": "00:00:38", "end": "00:00:42", "text": "payments in the form of crypto. We"}, {"start": "00:00:40", "end": "00:00:45", "text": "talked about how before they were asking"}, {"start": "00:00:42", "end": "00:00:47", "text": "for the Chinese yuan."}, {"start": "00:00:45", "end": "00:00:50", "text": "Also, they were talking about you pay us"}, {"start": "00:00:47", "end": "00:00:52", "text": "in tether USD, which is a stable coin."}, {"start": "00:00:50", "end": "00:00:54", "text": "And then there's been news about Bitcoin"}, {"start": "00:00:52", "end": "00:00:56", "text": "coming out, which I thought was also"}, {"start": "00:00:54", "end": "00:00:58", "text": "interesting. And then finally today, an"}, {"start": "00:00:56", "end": "00:01:02", "text": "update to the Smores board that they are"}, {"start": "00:00:58", "end": "00:01:05", "text": "allowing for payments. Uh Trump family's"}, {"start": "00:01:02", "end": "00:01:08", "text": "USD1 stable coin from Liberty Financial."}, {"start": "00:01:05", "end": "00:01:10", "text": "I found this quite hilarious because"}, {"start": "00:01:08", "end": "00:01:11", "text": "you're telling me that they're accepting"}, {"start": "00:01:10", "end": "00:01:14", "text": "payments"}, {"start": "00:01:11", "end": "00:01:16", "text": "from the current administration's family"}, {"start": "00:01:14", "end": "00:01:18", "text": "to enrich them. I just thought it was"}, {"start": "00:01:16", "end": "00:01:21", "text": "interesting. And then this is how you do"}, {"start": "00:01:18", "end": "00:01:23", "text": "it. Email Iranian authorities. You have"}, {"start": "00:01:21", "end": "00:01:26", "text": "to email the Iranian authorities prior"}, {"start": "00:01:23", "end": "00:01:27", "text": "to passage through the area with details"}, {"start": "00:01:26", "end": "00:01:30", "text": "regarding their cargo while authorities"}, {"start": "00:01:27", "end": "00:01:32", "text": "will then respond with a quote for"}, {"start": "00:01:30", "end": "00:01:34", "text": "passage to the toll to be paid in"}, {"start": "00:01:32", "end": "00:01:37", "text": "digital currency at a dollar per barrel."}, {"start": "00:01:34", "end": "00:01:38", "text": "I just thought it was, you know, very"}, {"start": "00:01:37", "end": "00:01:41", "text": "very professional how they do that."}, {"start": "00:01:38", "end": "00:01:43", "text": "Here's an email. Just go send it to us."}, {"start": "00:01:41", "end": "00:01:45", "text": "We'll send you a QR code or a link to"}, {"start": "00:01:43", "end": "00:01:48", "text": "pay and out you go. And of course you"}, {"start": "00:01:45", "end": "00:01:50", "text": "can use the Trump's family USD1. quite"}, {"start": "00:01:48", "end": "00:01:51", "text": "interesting and uh we'll see how it"}, {"start": "00:01:50", "end": "00:01:54", "text": "goes. Also a little bit of good news. It"}, {"start": "00:01:51", "end": "00:01:57", "text": "looks like there is uh negotiations"}, {"start": "00:01:54", "end": "00:01:59", "text": "going to uh happen uh Saturday morning."}, {"start": "00:01:57", "end": "00:02:03", "text": "Looks like US delegation is Vance"}, {"start": "00:01:59", "end": "00:02:04", "text": "Kushner, Witoff and uh the three for the"}, {"start": "00:02:03", "end": "00:02:06", "text": "United States and then Iran's going to"}, {"start": "00:02:04", "end": "00:02:08", "text": "be two. So I thought it was interesting"}, {"start": "00:02:06", "end": "00:02:11", "text": "that uh this is what's going on. I think"}, {"start": "00:02:08", "end": "00:02:12", "text": "because of this and some good news, Iran"}, {"start": "00:02:11", "end": "00:02:14", "text": "submitted a more reasonable plan. We see"}, {"start": "00:02:12", "end": "00:02:16", "text": "some positivity in the market. We like"}, {"start": "00:02:14", "end": "00:02:18", "text": "to see that. I don't want a war. Nobody"}, {"start": "00:02:16", "end": "00:02:19", "text": "really wants a war. This is good news."}, {"start": "00:02:18", "end": "00:02:22", "text": "And we're going to see over the past"}, {"start": "00:02:19", "end": "00:02:25", "text": "five days, S&P 500 is uh on their way to"}, {"start": "00:02:22", "end": "00:02:27", "text": "maybe another 7,000 as it goes up again."}, {"start": "00:02:25", "end": "00:02:30", "text": "Amazing. And then of course in the"}, {"start": "00:02:27", "end": "00:02:33", "text": "crypto markets, let me refresh this. I"}, {"start": "00:02:30", "end": "00:02:36", "text": "maybe now we went up. Uh wow, we were at"}, {"start": "00:02:33", "end": "00:02:39", "text": "715. Now we're at 722."}, {"start": "00:02:36", "end": "00:02:41", "text": "Ethereum up across the board. This is"}, {"start": "00:02:39", "end": "00:02:44", "text": "great news. And we have that going on."}, {"start": "00:02:41", "end": "00:02:45", "text": "Then macroeconomic wise, it looks like"}, {"start": "00:02:44", "end": "00:02:50", "text": "uh personal income was down a little"}, {"start": "00:02:45", "end": "00:02:52", "text": "bit. PCE index and PCE year-over-year uh"}, {"start": "00:02:50", "end": "00:02:55", "text": "came in at expectations. There was a"}, {"start": "00:02:52", "end": "00:02:59", "text": "little bit of a revision for GDP uh from"}, {"start": "00:02:55", "end": "00:03:01", "text": "0.7 to 0.5 but again market or the"}, {"start": "00:02:59", "end": "00:03:04", "text": "economy not looking too bad even though"}, {"start": "00:03:01", "end": "00:03:08", "text": "jobless claims uh expectation was 210 we"}, {"start": "00:03:04", "end": "00:03:11", "text": "hit 219 but over uh as far as like"}, {"start": "00:03:08", "end": "00:03:15", "text": "inflation not too awful and then looks"}, {"start": "00:03:11", "end": "00:03:17", "text": "like mortgage rates just did a dip after"}, {"start": "00:03:15", "end": "00:03:20", "text": "the ceasefire so we'll see where that"}, {"start": "00:03:17", "end": "00:03:22", "text": "all goes to things are looking uh pretty"}, {"start": "00:03:20", "end": "00:03:24", "text": "good then also on the government side. I"}, {"start": "00:03:22", "end": "00:03:26", "text": "thought this was also interesting. Uh US"}, {"start": "00:03:24", "end": "00:03:28", "text": "Treasury came out of the Treasury"}, {"start": "00:03:26", "end": "00:03:30", "text": "Department said eligible US digital"}, {"start": "00:03:28", "end": "00:03:33", "text": "asset firms and industry organizations"}, {"start": "00:03:30", "end": "00:03:35", "text": "that meet Treasury's criteria will be"}, {"start": "00:03:33", "end": "00:03:39", "text": "able to receive at no cost the same"}, {"start": "00:03:35", "end": "00:03:40", "text": "actionable cyber security info Treasury"}, {"start": "00:03:39", "end": "00:03:42", "text": "regularly shares with US financial"}, {"start": "00:03:40", "end": "00:03:44", "text": "institutions. this means is the"}, {"start": "00:03:42", "end": "00:03:46", "text": "different uh crypto spheres or the"}, {"start": "00:03:44", "end": "00:03:48", "text": "crypto companies, digital asset"}, {"start": "00:03:46", "end": "00:03:50", "text": "companies, the Treasury Department can"}, {"start": "00:03:48", "end": "00:03:52", "text": "warn them and say, \"Hey, just so you"}, {"start": "00:03:50", "end": "00:03:55", "text": "know, the Lazarus group out of North"}, {"start": "00:03:52", "end": "00:03:56", "text": "Korea has this specific vector and how"}, {"start": "00:03:55", "end": "00:03:58", "text": "they're attacking these different"}, {"start": "00:03:56", "end": "00:04:00", "text": "organizations. So, just be on the"}, {"start": "00:03:58", "end": "00:04:01", "text": "lookout for that and uh we've got your"}, {"start": "00:04:00", "end": "00:04:03", "text": "back and we're going to show you"}, {"start": "00:04:01", "end": "00:04:05", "text": "everything that's going on.\" So, this is"}, {"start": "00:04:03", "end": "00:04:07", "text": "again a step in the right direction for"}, {"start": "00:04:05", "end": "00:04:10", "text": "the government to actually help crypto"}, {"start": "00:04:07", "end": "00:04:13", "text": "companies. On top of that, this also"}, {"start": "00:04:10", "end": "00:04:15", "text": "gives a little bit of positivity uh to"}, {"start": "00:04:13", "end": "00:04:17", "text": "the institutions that are investing and"}, {"start": "00:04:15", "end": "00:04:19", "text": "that would lead us to the big story,"}, {"start": "00:04:17", "end": "00:04:21", "text": "Morgan Stanley. So Morgan Stanley came"}, {"start": "00:04:19", "end": "00:04:22", "text": "out and they said, \"Hey, we're going to"}, {"start": "00:04:21", "end": "00:04:24", "text": "do an ETF.\" And everybody was very"}, {"start": "00:04:22", "end": "00:04:26", "text": "excited. I was excited. That's great."}, {"start": "00:04:24", "end": "00:04:30", "text": "Everything that we can do to push things"}, {"start": "00:04:26", "end": "00:04:34", "text": "through. And the assessment was that it"}, {"start": "00:04:30", "end": "00:04:37", "text": "was going to be roughly 30 million or"}, {"start": "00:04:34", "end": "00:04:39", "text": "so. And that was from analyst Eric Bunis"}, {"start": "00:04:37", "end": "00:04:41", "text": "who has been uh pretty much spot on for"}, {"start": "00:04:39", "end": "00:04:44", "text": "Bitcoin ETFs. And he said, \"Yeah.\" He"}, {"start": "00:04:41", "end": "00:04:47", "text": "goes, \"Look, if we do 30 million, that's"}, {"start": "00:04:44", "end": "00:04:48", "text": "a huge day.\" And they did 34 million."}, {"start": "00:04:47", "end": "00:04:51", "text": "And I have to tell you, if we take a"}, {"start": "00:04:48", "end": "00:04:54", "text": "look at the the Bitcoin spot ETF total"}, {"start": "00:04:51", "end": "00:04:57", "text": "flow, we can see that, you know, we took"}, {"start": "00:04:54", "end": "00:04:59", "text": "a quite, as far as like total flows,"}, {"start": "00:04:57", "end": "00:05:02", "text": "quite a dip from October and went all"}, {"start": "00:04:59", "end": "00:05:05", "text": "the way down here to February. But after"}, {"start": "00:05:02", "end": "00:05:08", "text": "that, we've been going in an upward nice"}, {"start": "00:05:05", "end": "00:05:11", "text": "trajectory. And of course with Morgan"}, {"start": "00:05:08", "end": "00:05:15", "text": "Stanley, this only helps the case. But"}, {"start": "00:05:11", "end": "00:05:18", "text": "why is it? It's because you've got and"}, {"start": "00:05:15", "end": "00:05:20", "text": "Nate here, Nate Garazzi, president,"}, {"start": "00:05:18", "end": "00:05:22", "text": "co-founder of ETF Institution, host of"}, {"start": "00:05:20", "end": "00:05:24", "text": "Crypto Prime Pod, knows a little bit"}, {"start": "00:05:22", "end": "00:05:26", "text": "about ETFs. says, you know, look, this"}, {"start": "00:05:24", "end": "00:05:29", "text": "is 16,000"}, {"start": "00:05:26", "end": "00:05:32", "text": "financial advisors from Morgan Stanley"}, {"start": "00:05:29", "end": "00:05:33", "text": "who are recommending to their customers,"}, {"start": "00:05:32", "end": "00:05:35", "text": "not all their customers because I"}, {"start": "00:05:33", "end": "00:05:38", "text": "believe there's a criteria that they"}, {"start": "00:05:35", "end": "00:05:39", "text": "have to be as far as a net worth of 1.5"}, {"start": "00:05:38", "end": "00:05:41", "text": "million or more. Correct me in the"}, {"start": "00:05:39", "end": "00:05:43", "text": "comments section. I think uh this is"}, {"start": "00:05:41", "end": "00:05:46", "text": "what the criteria was. Also, they have"}, {"start": "00:05:43", "end": "00:05:49", "text": "to be a little bit risk adaptive. And if"}, {"start": "00:05:46", "end": "00:05:54", "text": "that's the case, you have 16,000"}, {"start": "00:05:49", "end": "00:05:56", "text": "of these advisors saying, \"Look, here's"}, {"start": "00:05:54", "end": "00:05:58", "text": "why you don't want to own Bitcoin by"}, {"start": "00:05:56", "end": "00:06:00", "text": "yourself. You need us. We're going to"}, {"start": "00:05:58", "end": "00:06:02", "text": "help you out.\" And I have to tell you,"}, {"start": "00:06:00", "end": "00:06:05", "text": "this is a nice playbook. So, this is"}, {"start": "00:06:02", "end": "00:06:06", "text": "what was sent out to the adviserss and"}, {"start": "00:06:05", "end": "00:06:08", "text": "was like, \"Look, here's a digital"}, {"start": "00:06:06", "end": "00:06:11", "text": "wallet. You can monkey around with that"}, {"start": "00:06:08", "end": "00:06:13", "text": "or you can just let us do it. The"}, {"start": "00:06:11", "end": "00:06:16", "text": "management is we'll manage it or use it"}, {"start": "00:06:13", "end": "00:06:18", "text": "as a vehicle. Is it complex?\" Not with"}, {"start": "00:06:16", "end": "00:06:21", "text": "us, baby. But if you to do it directly,"}, {"start": "00:06:18", "end": "00:06:24", "text": "of course, it's much much more difficult"}, {"start": "00:06:21", "end": "00:06:25", "text": "and a lot more complex integration. You"}, {"start": "00:06:24", "end": "00:06:27", "text": "can do this with traditional assets. We"}, {"start": "00:06:25", "end": "00:06:29", "text": "already know what you got, Pete. So,"}, {"start": "00:06:27", "end": "00:06:31", "text": "come on in here and just add in Bitcoin."}, {"start": "00:06:29", "end": "00:06:33", "text": "And then fees and cost. Yeah, it's a"}, {"start": "00:06:31", "end": "00:06:35", "text": "little bit, but you know, if you would"}, {"start": "00:06:33", "end": "00:06:36", "text": "you rather pay us for the fees or would"}, {"start": "00:06:35", "end": "00:06:39", "text": "you rather pay for a network fees, which"}, {"start": "00:06:36", "end": "00:06:41", "text": "they talk about here, which hint, it's"}, {"start": "00:06:39", "end": "00:06:43", "text": "not that big of a deal. And as far as"}, {"start": "00:06:41", "end": "00:06:44", "text": "tracking may differ from spot due to"}, {"start": "00:06:43", "end": "00:06:46", "text": "fees and structure. There's also a"}, {"start": "00:06:44", "end": "00:06:48", "text": "problem with direct ownership. And then"}, {"start": "00:06:46", "end": "00:06:52", "text": "they go over about like they say like"}, {"start": "00:06:48", "end": "00:06:53", "text": "this. Look, if you go with us"}, {"start": "00:06:52", "end": "00:06:55", "text": "sponsored by a bank affiliate asset"}, {"start": "00:06:53", "end": "00:06:56", "text": "manager supported by established"}, {"start": "00:06:55", "end": "00:06:58", "text": "governance and risk management"}, {"start": "00:06:56", "end": "00:07:00", "text": "practices, we know what we're doing. Do"}, {"start": "00:06:58", "end": "00:07:02", "text": "you know what you're doing? I don't"}, {"start": "00:07:00", "end": "00:07:05", "text": "think you do. You need us. And guess"}, {"start": "00:07:02", "end": "00:07:08", "text": "what? The rate for what you have, it's"}, {"start": "00:07:05", "end": "00:07:10", "text": "the lowest that we got. It's even lower"}, {"start": "00:07:08", "end": "00:07:14", "text": "than those dirty"}, {"start": "00:07:10", "end": "00:07:15", "text": "people over at Black Rockck and uh if we"}, {"start": "00:07:14", "end": "00:07:19", "text": "can do something like this and here they"}, {"start": "00:07:15", "end": "00:07:22", "text": "are, we can make this a lot easier for"}, {"start": "00:07:19", "end": "00:07:23", "text": "you. And then lastly, cost efficiency"}, {"start": "00:07:22", "end": "00:07:25", "text": "offers access to Bitcoin through a"}, {"start": "00:07:23", "end": "00:07:28", "text": "transparent exchange custody and"}, {"start": "00:07:25", "end": "00:07:30", "text": "security. We utilize institutional-grade"}, {"start": "00:07:28", "end": "00:07:33", "text": "custody arrangements designed to support"}, {"start": "00:07:30", "end": "00:07:34", "text": "asset security, regulatory oversight,"}, {"start": "00:07:33", "end": "00:07:36", "text": "and operational resilience. And I got to"}, {"start": "00:07:34", "end": "00:07:38", "text": "tell you, that's a pretty good pitch,"}, {"start": "00:07:36", "end": "00:07:40", "text": "and I can get behind that. Hopefully"}, {"start": "00:07:38", "end": "00:07:41", "text": "Morgan Stanley will continue on with"}, {"start": "00:07:40", "end": "00:07:44", "text": "this and we'll see. But I got to tell"}, {"start": "00:07:41", "end": "00:07:47", "text": "you, for the first 24 hours at 34"}, {"start": "00:07:44", "end": "00:07:49", "text": "billion, that's pretty good. Let's see"}, {"start": "00:07:47", "end": "00:07:52", "text": "if they can continue on with that. But I"}, {"start": "00:07:49", "end": "00:07:52", "text": "will tell you,"}, {"start": "00:07:53", "end": "00:07:58", "text": "not everything's bullish. I know it's"}, {"start": "00:07:56", "end": "00:08:00", "text": "crazy to think about, but you know, I"}, {"start": "00:07:58", "end": "00:08:02", "text": "would be remiss if I don't remind you of"}, {"start": "00:08:00", "end": "00:08:04", "text": "the difficulties and the pitfalls that"}, {"start": "00:08:02", "end": "00:08:06", "text": "we have ahead of us. So get ready for"}, {"start": "00:08:04", "end": "00:08:09", "text": "some bearish talk, but it won't be long."}, {"start": "00:08:06", "end": "00:08:11", "text": "just remember this and I actually posted"}, {"start": "00:08:09", "end": "00:08:13", "text": "this this morning and I said I just want"}, {"start": "00:08:11", "end": "00:08:16", "text": "to remind everybody that you know"}, {"start": "00:08:13", "end": "00:08:18", "text": "midterm years four year cycles"}, {"start": "00:08:16", "end": "00:08:21", "text": "that everything was going pretty great"}, {"start": "00:08:18", "end": "00:08:24", "text": "until around June or July when Voyager"}, {"start": "00:08:21", "end": "00:08:27", "text": "and Celsius collapsed. That was in 2022"}, {"start": "00:08:24", "end": "00:08:29", "text": "after we had this massive runup in 2021"}, {"start": "00:08:27", "end": "00:08:32", "text": "and then it took us all the way till"}, {"start": "00:08:29", "end": "00:08:34", "text": "November for FTX to collapse. What that"}, {"start": "00:08:32", "end": "00:08:38", "text": "means is that it takes a little bit of"}, {"start": "00:08:34", "end": "00:08:42", "text": "time for us to uncover that the emperor"}, {"start": "00:08:38", "end": "00:08:45", "text": "has no clothes. So we are only in April."}, {"start": "00:08:42", "end": "00:08:46", "text": "We started to go down in October even"}, {"start": "00:08:45", "end": "00:08:48", "text": "though we had our all-time high in"}, {"start": "00:08:46", "end": "00:08:51", "text": "November, December"}, {"start": "00:08:48", "end": "00:08:53", "text": "and we were looking at six months or so."}, {"start": "00:08:51", "end": "00:08:57", "text": "So this should be the time that you"}, {"start": "00:08:53", "end": "00:08:59", "text": "might see a shoe drop for something. And"}, {"start": "00:08:57", "end": "00:09:02", "text": "hopefully I'm wrong and everybody's"}, {"start": "00:08:59", "end": "00:09:05", "text": "good. there are no shortcomings for all"}, {"start": "00:09:02", "end": "00:09:07", "text": "these different uh crypto businesses and"}, {"start": "00:09:05", "end": "00:09:09", "text": "digital asset treasuries and everybody's"}, {"start": "00:09:07", "end": "00:09:10", "text": "good. I did just say this and this"}, {"start": "00:09:09", "end": "00:09:13", "text": "reminds me when I did some interviews"}, {"start": "00:09:10", "end": "00:09:16", "text": "with some of the founders."}, {"start": "00:09:13", "end": "00:09:19", "text": "Be extra precautious about the people"}, {"start": "00:09:16", "end": "00:09:22", "text": "who are nothing but bullish and just"}, {"start": "00:09:19", "end": "00:09:24", "text": "give you bullish news because that's not"}, {"start": "00:09:22", "end": "00:09:28", "text": "the market. Make sure that you're"}, {"start": "00:09:24", "end": "00:09:30", "text": "protected. I still say that this is an"}, {"start": "00:09:28", "end": "00:09:32", "text": "accumulation year. I still think that"}, {"start": "00:09:30", "end": "00:09:34", "text": "even 2027 would be somewhat of a"}, {"start": "00:09:32", "end": "00:09:36", "text": "accumulation year. But along the way, if"}, {"start": "00:09:34", "end": "00:09:38", "text": "you do have give those profits, take the"}, {"start": "00:09:36", "end": "00:09:40", "text": "profits. But I would be remiss if I just"}, {"start": "00:09:38", "end": "00:09:42", "text": "didn't bring you down to little reality."}, {"start": "00:09:40", "end": "00:09:44", "text": "Anyhow, let me know how wrong I am in"}, {"start": "00:09:42", "end": "00:09:46", "text": "the comments section. And then uh that's"}, {"start": "00:09:44", "end": "00:09:48", "text": "it for today. Just a couple of things to"}, {"start": "00:09:46", "end": "00:09:51", "text": "remind you of. First of all,"}, {"start": "00:09:48", "end": "00:09:53", "text": "accumulation is 2026, I believe, and for"}, {"start": "00:09:51", "end": "00:09:55", "text": "this year. But if you want to donate to"}, {"start": "00:09:53", "end": "00:09:57", "text": "your or excuse me, add into your"}, {"start": "00:09:55", "end": "00:09:59", "text": "retirement account of Roth IRA. I"}, {"start": "00:09:57", "end": "00:10:00", "text": "personally use it. Just remember that"}, {"start": "00:09:59", "end": "00:10:03", "text": "you here in the states, you have until"}, {"start": "00:10:00", "end": "00:10:06", "text": "April 15th to contribute to 2025 and"}, {"start": "00:10:03", "end": "00:10:10", "text": "2026. You can actually retro"}, {"start": "00:10:06", "end": "00:10:13", "text": "uh donate or add into your Roth IRA from"}, {"start": "00:10:10", "end": "00:10:16", "text": "2025 and then also for 2026. If you're"}, {"start": "00:10:13", "end": "00:10:19", "text": "looking also for some custody service, I"}, {"start": "00:10:16", "end": "00:10:20", "text": "personally like Tandem. I use Ledger"}, {"start": "00:10:19", "end": "00:10:24", "text": "begrudgingly because I've had it"}, {"start": "00:10:20", "end": "00:10:25", "text": "forever. And I also use it as well for"}, {"start": "00:10:24", "end": "00:10:27", "text": "custodial services and it works out"}, {"start": "00:10:25", "end": "00:10:29", "text": "pretty well. So just something for you"}, {"start": "00:10:27", "end": "00:10:32", "text": "to know. And then lastly, lastly before"}, {"start": "00:10:29", "end": "00:10:35", "text": "we get to the Q&A, I want to remind"}, {"start": "00:10:32", "end": "00:10:35", "text": "everybody of this"}, {"start": "00:10:36", "end": "00:10:42", "text": "that is"}, {"start": "00:10:38", "end": "00:10:46", "text": "healthy people have a thousand wishes"}, {"start": "00:10:42", "end": "00:10:47", "text": "and sick people like myself only have"}, {"start": "00:10:46", "end": "00:10:51", "text": "one."}, {"start": "00:10:47", "end": "00:10:55", "text": "I messed up my back pretty bad. I have a"}, {"start": "00:10:51", "end": "00:10:57", "text": "ruptured vertebrae disc and you don't"}, {"start": "00:10:55", "end": "00:11:00", "text": "see it right now, but I'm usually in"}, {"start": "00:10:57", "end": "00:11:02", "text": "constant pain. And I went to go see"}, {"start": "00:11:00", "end": "00:11:06", "text": "friend of the show, Dr. Adrien"}, {"start": "00:11:02", "end": "00:11:08", "text": "Esontrius, and he's doing ozone therapy."}, {"start": "00:11:06", "end": "00:11:11", "text": "And I've had this before and it works"}, {"start": "00:11:08", "end": "00:11:13", "text": "out pretty well. But I got to tell you,"}, {"start": "00:11:11", "end": "00:11:16", "text": "if this does what I think it's going to"}, {"start": "00:11:13", "end": "00:11:18", "text": "do, this would be something great just"}, {"start": "00:11:16", "end": "00:11:20", "text": "for me and maybe something for you. We"}, {"start": "00:11:18", "end": "00:11:22", "text": "can talk about digital assets and"}, {"start": "00:11:20", "end": "00:11:24", "text": "crypto. I'm not going to pivot into a"}, {"start": "00:11:22", "end": "00:11:27", "text": "health channel, but I'm just telling you"}, {"start": "00:11:24", "end": "00:11:28", "text": "this is the road that I'm going down."}, {"start": "00:11:27", "end": "00:11:30", "text": "And uh if you want to learn more about"}, {"start": "00:11:28", "end": "00:11:32", "text": "ozone therapy and how that works,"}, {"start": "00:11:30", "end": "00:11:35", "text": "there's a link in the description. And"}, {"start": "00:11:32", "end": "00:11:38", "text": "it's everything from oxygenation to"}, {"start": "00:11:35", "end": "00:11:40", "text": "long-term autoimmune disorders to things"}, {"start": "00:11:38", "end": "00:11:42", "text": "that I have. And that's it for today. So"}, {"start": "00:11:40", "end": "00:11:43", "text": "look, like today's video, give it a"}, {"start": "00:11:42", "end": "00:11:45", "text": "thumbs up, consider subscribing. We talk"}, {"start": "00:11:43", "end": "00:11:47", "text": "about is relatively timesensitive. Now,"}, {"start": "00:11:45", "end": "00:11:48", "text": "let's get into a little Q&A. It'll"}, {"start": "00:11:47", "end": "00:11:53", "text": "answer all your questions and uh we'll"}, {"start": "00:11:48", "end": "00:11:53", "text": "go from there. What do we got?"}, {"start": "00:11:53", "end": "00:11:57", "text": "Yeah,"}, {"start": "00:11:55", "end": "00:12:01", "text": "Rob is sick and tired of being sick and"}, {"start": "00:11:57", "end": "00:12:04", "text": "tired. Yeah, it's uh sucks. What can you"}, {"start": "00:12:01", "end": "00:12:07", "text": "do? You know, I I went through this two"}, {"start": "00:12:04", "end": "00:12:09", "text": "years ago when I blew out my back and I"}, {"start": "00:12:07", "end": "00:12:11", "text": "did it again. You know, you think you're"}, {"start": "00:12:09", "end": "00:12:14", "text": "20 years old until you try to do 20-y"}, {"start": "00:12:11", "end": "00:12:17", "text": "old things like lifting up a gate that's"}, {"start": "00:12:14", "end": "00:12:18", "text": "like 400, 500 lb. You used to be able to"}, {"start": "00:12:17", "end": "00:12:21", "text": "do it, just can't do it now. Then when"}, {"start": "00:12:18", "end": "00:12:24", "text": "you do do it, use your back and then of"}, {"start": "00:12:21", "end": "00:12:26", "text": "course you can't move. So yeah, it"}, {"start": "00:12:24", "end": "00:12:27", "text": "sucks. What are you going to do? I mean,"}, {"start": "00:12:26", "end": "00:12:29", "text": "you're gonna be and complain about it"}, {"start": "00:12:27", "end": "00:12:32", "text": "all day and get some stuff done. I got"}, {"start": "00:12:29", "end": "00:12:35", "text": "to get stuff done. Let's see."}, {"start": "00:12:32", "end": "00:12:38", "text": "CHZ says, \"Hey, Rob, where is Salana"}, {"start": "00:12:35", "end": "00:12:41", "text": "going right now? shortterm and long-term"}, {"start": "00:12:38", "end": "00:12:44", "text": "risk rewards. Uh Salon is one of my one"}, {"start": "00:12:41", "end": "00:12:47", "text": "of my four my core four as far as like"}, {"start": "00:12:44", "end": "00:12:50", "text": "uh you know what uh straight of Hormuz"}, {"start": "00:12:47", "end": "00:12:53", "text": "and Iran are are accepting which is"}, {"start": "00:12:50", "end": "00:12:56", "text": "Tether which the rails for Tether are."}, {"start": "00:12:53", "end": "00:12:59", "text": "Anybody want to go say this with me? The"}, {"start": "00:12:56", "end": "00:13:01", "text": "best. Binance, Ethereum, Salonatron."}, {"start": "00:12:59", "end": "00:13:03", "text": "Binance, Ethereum, Solonatron. Binance,"}, {"start": "00:13:01", "end": "00:13:06", "text": "Ethereum, Salonetron. Those are the top"}, {"start": "00:13:03", "end": "00:13:08", "text": "four rails. Bass is moving into it"}, {"start": "00:13:06", "end": "00:13:11", "text": "unfortunately, but yeah, I think Salana"}, {"start": "00:13:08", "end": "00:13:17", "text": "can do quite well just on the rails"}, {"start": "00:13:11", "end": "00:13:19", "text": "itself for stable coins. Let's see."}, {"start": "00:13:17", "end": "00:13:21", "text": "Alor, the ozone will be gone in five"}, {"start": "00:13:19", "end": "00:13:23", "text": "years. You know what always got me about"}, {"start": "00:13:21", "end": "00:13:25", "text": "uh climate change, which god do we have"}, {"start": "00:13:23", "end": "00:13:27", "text": "to go down this route. I always thought"}, {"start": "00:13:25", "end": "00:13:28", "text": "it was funny that people would complain"}, {"start": "00:13:27", "end": "00:13:30", "text": "about climate change and how we're going"}, {"start": "00:13:28", "end": "00:13:32", "text": "to all the shores are going to be eroded"}, {"start": "00:13:30", "end": "00:13:35", "text": "away, but yet they would still buy those"}, {"start": "00:13:32", "end": "00:13:36", "text": "houses on the beach. It's crazy,"}, {"start": "00:13:35", "end": "00:13:38", "text": "Rob. Wouldn't it be hilarious if they"}, {"start": "00:13:36", "end": "00:13:40", "text": "use Trump's stable coin to the toll fees"}, {"start": "00:13:38", "end": "00:13:42", "text": "for the boats to the Iranian government"}, {"start": "00:13:40", "end": "00:13:44", "text": "and then"}, {"start": "00:13:42", "end": "00:13:46", "text": "World Liberty Financial freezes their"}, {"start": "00:13:44", "end": "00:13:49", "text": "fund? That would be actually pretty that"}, {"start": "00:13:46", "end": "00:13:52", "text": "would be very funny."}, {"start": "00:13:49", "end": "00:13:56", "text": "Oh, the irony."}, {"start": "00:13:52", "end": "00:14:00", "text": "Irony. Oh, the irony."}, {"start": "00:13:56", "end": "00:14:02", "text": "Dad joke. Okay. Ozone therapy. Well, I"}, {"start": "00:14:00", "end": "00:14:03", "text": "hope that works for you. Place effect is"}, {"start": "00:14:02", "end": "00:14:06", "text": "pretty powerful anyways. Yeah, we'll"}, {"start": "00:14:03", "end": "00:14:08", "text": "see."}, {"start": "00:14:06", "end": "00:14:10", "text": "Uh, I understand my situation is after"}, {"start": "00:14:08", "end": "00:14:13", "text": "effects of surgery and parts of life."}, {"start": "00:14:10", "end": "00:14:13", "text": "True."}, {"start": "00:14:15", "end": "00:14:19", "text": "Little girl squatting more than me at"}, {"start": "00:14:16", "end": "00:14:22", "text": "the gym nowadays. It's all technique."}, {"start": "00:14:19", "end": "00:14:26", "text": "That's all it comes down to."}, {"start": "00:14:22", "end": "00:14:29", "text": "My brain says yes, my body says no."}, {"start": "00:14:26", "end": "00:14:29", "text": "Uh,"}, {"start": "00:14:34", "end": "00:14:37", "text": "and I don't see it."}, {"start": "00:14:38", "end": "00:14:43", "text": "What's your sixth largest crypto bag? I"}, {"start": "00:14:40", "end": "00:14:47", "text": "don't have any more than that."}, {"start": "00:14:43", "end": "00:14:50", "text": "I guess well be Cardano probably because"}, {"start": "00:14:47", "end": "00:14:53", "text": "I have a Cardano stake pool and you have"}, {"start": "00:14:50", "end": "00:14:55", "text": "to keep so much Cardano in that pool to"}, {"start": "00:14:53", "end": "00:14:58", "text": "keep the pool going. So I can't sell"}, {"start": "00:14:55", "end": "00:14:59", "text": "that. So I guess that would be it. It"}, {"start": "00:14:58", "end": "00:15:03", "text": "used to be worth a lot more. Remember"}, {"start": "00:14:59", "end": "00:15:06", "text": "when Cardano was like almost $3?"}, {"start": "00:15:03", "end": "00:15:10", "text": "Those were good days and now it's what a"}, {"start": "00:15:06", "end": "00:15:10", "text": "quarter something like that."}, {"start": "00:15:13", "end": "00:15:16", "text": "Let's see."}, {"start": "00:15:16", "end": "00:15:22", "text": "And"}, {"start": "00:15:19", "end": "00:15:26", "text": "snake oil."}, {"start": "00:15:22", "end": "00:15:31", "text": "Melania did a Melinda Gates on Donald."}, {"start": "00:15:26", "end": "00:15:31", "text": "I suppose so. Yeah."}, {"start": "00:15:31", "end": "00:15:34", "text": "Rob, thanks for doing what you do with a"}, {"start": "00:15:33", "end": "00:15:36", "text": "calm demeanor and smile. Oh, you're"}, {"start": "00:15:34", "end": "00:15:38", "text": "welcome."}, {"start": "00:15:36", "end": "00:15:40", "text": "This is the only time I actually get to"}, {"start": "00:15:38", "end": "00:15:41", "text": "forget about the pain. I get to just"}, {"start": "00:15:40", "end": "00:15:44", "text": "talk to you guys. It's actually quite"}, {"start": "00:15:41", "end": "00:15:44", "text": "therapeutic."}, {"start": "00:15:46", "end": "00:15:51", "text": "Ah, that's a good one. Regular Pilates"}, {"start": "00:15:48", "end": "00:15:54", "text": "really help with my my wife with an L4"}, {"start": "00:15:51", "end": "00:15:57", "text": "L5 bulging disc issue. It takes time."}, {"start": "00:15:54", "end": "00:16:00", "text": "Oh, worth it. I can do that. Little hot"}, {"start": "00:15:57", "end": "00:16:02", "text": "yoga something."}, {"start": "00:16:00", "end": "00:16:05", "text": "Very hard to do hot yoga when you have a"}, {"start": "00:16:02", "end": "00:16:07", "text": "hangover though. I think Sui is a"}, {"start": "00:16:05", "end": "00:16:10", "text": "sleeper still in the making. Hope so."}, {"start": "00:16:07", "end": "00:16:11", "text": "Mary could be correct. So, Lana, finally"}, {"start": "00:16:10", "end": "00:16:17", "text": "somebody gets it right. That's how"}, {"start": "00:16:11", "end": "00:16:17", "text": "you're supposed to pronounce it. And"}, {"start": "00:16:18", "end": "00:16:23", "text": "what did you do in your 30s? What did I"}, {"start": "00:16:21", "end": "00:16:24", "text": "not do? I'll just leave it at that."}, {"start": "00:16:23", "end": "00:16:26", "text": "Everybody, that's it for today. Like"}, {"start": "00:16:24", "end": "00:16:28", "text": "today's video, thumbs up, subscribe."}, {"start": "00:16:26", "end": "00:16:29", "text": "Also, check out the information on ozone"}, {"start": "00:16:28", "end": "00:16:32", "text": "therapy. I think it's quite interesting."}, {"start": "00:16:29", "end": "00:16:37", "text": "Again, uh it's been around since the"}, {"start": "00:16:32", "end": "00:16:40", "text": "1900s and uh it has some pretty good"}, {"start": "00:16:37", "end": "00:16:42", "text": "facts and uh relatively uh healing"}, {"start": "00:16:40", "end": "00:16:43", "text": "properties. Any that's it for today"}, {"start": "00:16:42", "end": "00:16:46", "text": "everybody. Thanks so much. See you in"}, {"start": "00:16:43", "end": "00:16:46", "text": "the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hello everybody. Another great day in"}, {"start": "00:00:02", "end": "00:00:06", "text": "crypto and digital assets and it looks"}, {"start": "00:00:04", "end": "00:00:07", "text": "like the White House just given us some"}, {"start": "00:00:06", "end": "00:00:10", "text": "pretty great information about the"}, {"start": "00:00:07", "end": "00:00:12", "text": "Clarity Act. And before we get into"}, {"start": "00:00:10", "end": "00:00:16", "text": "that, I just wanted to uh put some"}, {"start": "00:00:12", "end": "00:00:18", "text": "information out there as we can see that"}, {"start": "00:00:16", "end": "00:00:20", "text": "I pull up this uh"}, {"start": "00:00:18", "end": "00:00:21", "text": "piece of information from Wise Advice."}, {"start": "00:00:20", "end": "00:00:24", "text": "And I was actually gonna lead with this."}, {"start": "00:00:21", "end": "00:00:25", "text": "I thought this is pretty fantastic news,"}, {"start": "00:00:24", "end": "00:00:27", "text": "especially with what's going on in the"}, {"start": "00:00:25", "end": "00:00:30", "text": "Middle East. And there was a ceasefire"}, {"start": "00:00:27", "end": "00:00:31", "text": "that just eroded pretty quickly. But"}, {"start": "00:00:30", "end": "00:00:33", "text": "this is what I was going to talk about."}, {"start": "00:00:31", "end": "00:00:35", "text": "I thought it was interesting. Uh, wise"}, {"start": "00:00:33", "end": "00:00:37", "text": "advice states, \"Iran is charging 2"}, {"start": "00:00:35", "end": "00:00:39", "text": "million per ship to cross the street of"}, {"start": "00:00:37", "end": "00:00:41", "text": "Hermoose and they want it in Bitcoin.\" I"}, {"start": "00:00:39", "end": "00:00:44", "text": "found this fascinating because as they"}, {"start": "00:00:41", "end": "00:00:46", "text": "were allowing tankers to go through, at"}, {"start": "00:00:44", "end": "00:00:49", "text": "first it was dollars. Then they switched"}, {"start": "00:00:46", "end": "00:00:51", "text": "over to the yuan from China and they"}, {"start": "00:00:49", "end": "00:00:54", "text": "also were allowing Tether as far as a"}, {"start": "00:00:51", "end": "00:00:56", "text": "stable coin payment, $2 million per. And"}, {"start": "00:00:54", "end": "00:00:59", "text": "now it looks like they're actually"}, {"start": "00:00:56", "end": "00:01:00", "text": "offering up Bitcoin. And if that was the"}, {"start": "00:00:59", "end": "00:01:02", "text": "case, I thought, well, this is pretty"}, {"start": "00:01:00", "end": "00:01:04", "text": "good news for Bitcoin as straight of"}, {"start": "00:01:02", "end": "00:01:08", "text": "Hermus just got opened up because of"}, {"start": "00:01:04", "end": "00:01:10", "text": "this nice uh friendly uh looks like a"}, {"start": "00:01:08", "end": "00:01:13", "text": "ceasefire. And wise advice is yeah, it's"}, {"start": "00:01:10", "end": "00:01:16", "text": "$72,000 per bitcoin. Each ship would uh"}, {"start": "00:01:13", "end": "00:01:20", "text": "then pay out 27.7 bitcoin precrisis 130"}, {"start": "00:01:16", "end": "00:01:22", "text": "ships across daily, monthly, and yearly."}, {"start": "00:01:20", "end": "00:01:25", "text": "That's a lot of Bitcoin moving around if"}, {"start": "00:01:22", "end": "00:01:27", "text": "that's actually what it was going to be."}, {"start": "00:01:25", "end": "00:01:30", "text": "And that's if if every ship used"}, {"start": "00:01:27", "end": "00:01:32", "text": "Bitcoin, but unfortunately that didn't"}, {"start": "00:01:30", "end": "00:01:33", "text": "happen. And uh I'm not going to go over"}, {"start": "00:01:32", "end": "00:01:35", "text": "this because this isn't a geopolitical"}, {"start": "00:01:33", "end": "00:01:38", "text": "channel, but it looks like that whole"}, {"start": "00:01:35", "end": "00:01:41", "text": "ceasefire just pretty much got eroded."}, {"start": "00:01:38", "end": "00:01:43", "text": "So that's a bummer of a deal. Then this"}, {"start": "00:01:41", "end": "00:01:46", "text": "is from Jimmy. Iran's speaker of the"}, {"start": "00:01:43", "end": "00:01:48", "text": "parliament Gallab released a statement"}, {"start": "00:01:46", "end": "00:01:51", "text": "claiming that three clauses of their"}, {"start": "00:01:48", "end": "00:01:53", "text": "twinpoint proposal have been violated by"}, {"start": "00:01:51", "end": "00:01:55", "text": "US and Israel. That was just one minute"}, {"start": "00:01:53", "end": "00:01:58", "text": "ago. So, if uh you were thinking about"}, {"start": "00:01:55", "end": "00:02:02", "text": "taking profits because the market's up,"}, {"start": "00:01:58", "end": "00:02:04", "text": "this might be a good time. But before we"}, {"start": "00:02:02", "end": "00:02:06", "text": "get into that and you decide that, let's"}, {"start": "00:02:04", "end": "00:02:08", "text": "go over some positive things that are"}, {"start": "00:02:06", "end": "00:02:09", "text": "going on. Remember, sphere of control."}, {"start": "00:02:08", "end": "00:02:11", "text": "There's only so much that we can"}, {"start": "00:02:09", "end": "00:02:14", "text": "actually deal with. So, this was uh"}, {"start": "00:02:11", "end": "00:02:17", "text": "actually put out by the White House."}, {"start": "00:02:14", "end": "00:02:20", "text": "Effects of stable coin yield prohibition"}, {"start": "00:02:17", "end": "00:02:22", "text": "on bank lending. Now, as we know, banks"}, {"start": "00:02:20", "end": "00:02:24", "text": "have been really bent out of shape about"}, {"start": "00:02:22", "end": "00:02:26", "text": "these uh stable coin act, Genius Act,"}, {"start": "00:02:24", "end": "00:02:27", "text": "and them coming through, and they didn't"}, {"start": "00:02:26", "end": "00:02:29", "text": "really want to play ball with stable"}, {"start": "00:02:27", "end": "00:02:31", "text": "coins. They just said, you know what,"}, {"start": "00:02:29", "end": "00:02:33", "text": "that's going to take a lot of our"}, {"start": "00:02:31", "end": "00:02:35", "text": "business away, especially that being"}, {"start": "00:02:33", "end": "00:02:38", "text": "lending and then the different people"}, {"start": "00:02:35", "end": "00:02:40", "text": "that are in our banking infrastructure"}, {"start": "00:02:38", "end": "00:02:41", "text": "leaving and just using nothing but"}, {"start": "00:02:40", "end": "00:02:43", "text": "stable coins, which I thought was quite"}, {"start": "00:02:41", "end": "00:02:46", "text": "ridiculous, but here we are. So the"}, {"start": "00:02:43", "end": "00:02:48", "text": "Council of Economic Advisors or the CEA"}, {"start": "00:02:46", "end": "00:02:49", "text": "came together and said, \"Let's do a"}, {"start": "00:02:48", "end": "00:02:51", "text": "study on that and see if that actually"}, {"start": "00:02:49", "end": "00:02:53", "text": "is going to come through.\" So this was"}, {"start": "00:02:51", "end": "00:02:55", "text": "the results. If you'd like to read"}, {"start": "00:02:53", "end": "00:02:57", "text": "through all 30 pages of this, I link in"}, {"start": "00:02:55", "end": "00:03:02", "text": "the description. Have fun with that,"}, {"start": "00:02:57", "end": "00:03:05", "text": "nerd. But if not, this is the breakdown"}, {"start": "00:03:02", "end": "00:03:07", "text": "clarity act. One rationale for a"}, {"start": "00:03:05", "end": "00:03:09", "text": "prohibiting yield is that if stable"}, {"start": "00:03:07", "end": "00:03:10", "text": "coins were to offer competitive returns,"}, {"start": "00:03:09", "end": "00:03:12", "text": "households may shift dollars out of"}, {"start": "00:03:10", "end": "00:03:14", "text": "traditional bank accounts into tokens."}, {"start": "00:03:12", "end": "00:03:17", "text": "That's what we just said. Since"}, {"start": "00:03:14", "end": "00:03:19", "text": "stablecoin reserves are going to be"}, {"start": "00:03:17", "end": "00:03:21", "text": "fully backed rather than fractionally"}, {"start": "00:03:19", "end": "00:03:22", "text": "lent, this could reduce bank lending."}, {"start": "00:03:21", "end": "00:03:25", "text": "And that's where banks make a lot of"}, {"start": "00:03:22", "end": "00:03:27", "text": "money, right? They take in your deposit,"}, {"start": "00:03:25", "end": "00:03:30", "text": "then they lend out 90 whatever it is"}, {"start": "00:03:27", "end": "00:03:32", "text": "now, 93, 95, 97%, correct me in the"}, {"start": "00:03:30", "end": "00:03:34", "text": "comment section. And it's fractional"}, {"start": "00:03:32", "end": "00:03:36", "text": "reserve lending. So you give a 100"}, {"start": "00:03:34", "end": "00:03:38", "text": "bucks, they give out 93 bucks, then the"}, {"start": "00:03:36", "end": "00:03:40", "text": "next bank gives out 90 bucks, and so on"}, {"start": "00:03:38", "end": "00:03:42", "text": "and so forth. That's a beauty of the"}, {"start": "00:03:40", "end": "00:03:43", "text": "banking system."}, {"start": "00:03:42", "end": "00:03:45", "text": "That's not going to be what's going to"}, {"start": "00:03:43", "end": "00:03:47", "text": "be with stable coins, but here we are."}, {"start": "00:03:45", "end": "00:03:49", "text": "Some analysis estimate the effects on"}, {"start": "00:03:47", "end": "00:03:52", "text": "lending in the trillions of dollars."}, {"start": "00:03:49", "end": "00:03:55", "text": "That could be a big detrimental effect"}, {"start": "00:03:52", "end": "00:03:57", "text": "for banks. Uh we build a simple model to"}, {"start": "00:03:55", "end": "00:03:59", "text": "evaluate these claims. And here's what"}, {"start": "00:03:57", "end": "00:04:02", "text": "it comes down to. The baseline"}, {"start": "00:03:59", "end": "00:04:04", "text": "calibration of CA's model eliminating"}, {"start": "00:04:02", "end": "00:04:06", "text": "stable coin yield. If we did that,"}, {"start": "00:04:04", "end": "00:04:08", "text": "increases bank lending by 2.1 billion"}, {"start": "00:04:06", "end": "00:04:10", "text": "and has a net welfare cost of 800"}, {"start": "00:04:08", "end": "00:04:12", "text": "million. Drop in the bucket. That"}, {"start": "00:04:10", "end": "00:04:15", "text": "translates into an increase in lending"}, {"start": "00:04:12", "end": "00:04:18", "text": "of a whopping 0.02%"}, {"start": "00:04:15", "end": "00:04:19", "text": "and a cost benefit ratio of 6.6. Large"}, {"start": "00:04:18", "end": "00:04:22", "text": "banks would conduct 76% of additional"}, {"start": "00:04:19", "end": "00:04:25", "text": "lending while community banks below 10"}, {"start": "00:04:22", "end": "00:04:27", "text": "billion would lend the remaining 24%. In"}, {"start": "00:04:25", "end": "00:04:29", "text": "our baseline, that adds up to 500"}, {"start": "00:04:27", "end": "00:04:30", "text": "million in additional lending from"}, {"start": "00:04:29", "end": "00:04:34", "text": "community banks, meaning their lending"}, {"start": "00:04:30", "end": "00:04:36", "text": "rises by 0.02%."}, {"start": "00:04:34", "end": "00:04:37", "text": "Even stacking every worstcase"}, {"start": "00:04:36", "end": "00:04:40", "text": "assumption, again going back to"}, {"start": "00:04:37", "end": "00:04:44", "text": "trillions, the model produces only 531"}, {"start": "00:04:40", "end": "00:04:47", "text": "billion in additional aggregate lending."}, {"start": "00:04:44", "end": "00:04:51", "text": "In short, a yield prohibition would do"}, {"start": "00:04:47", "end": "00:04:53", "text": "very little to protect bank lending"}, {"start": "00:04:51", "end": "00:04:56", "text": "while foregoing the consumer benefits of"}, {"start": "00:04:53", "end": "00:04:59", "text": "competitive returns on stable coin"}, {"start": "00:04:56", "end": "00:05:01", "text": "holdings. So, in essence, the banks need"}, {"start": "00:04:59", "end": "00:05:03", "text": "to calm down. It's going to be okay."}, {"start": "00:05:01", "end": "00:05:05", "text": "Let's try to pass this Clarity Act and"}, {"start": "00:05:03", "end": "00:05:09", "text": "see if it moves forward. I will just say"}, {"start": "00:05:05", "end": "00:05:11", "text": "this, I am concerned that this Clarity"}, {"start": "00:05:09", "end": "00:05:12", "text": "Act, when it does get pushed through,"}, {"start": "00:05:11", "end": "00:05:14", "text": "hopefully it does because if we wait"}, {"start": "00:05:12", "end": "00:05:16", "text": "until the end of the year as far as"}, {"start": "00:05:14", "end": "00:05:18", "text": "midterm elections, it's going to die. It"}, {"start": "00:05:16", "end": "00:05:22", "text": "will never be passed. If this actually"}, {"start": "00:05:18", "end": "00:05:25", "text": "goes through, my concern is it won't"}, {"start": "00:05:22", "end": "00:05:27", "text": "immediately change everything for the"}, {"start": "00:05:25", "end": "00:05:30", "text": "positive as far as price action the day"}, {"start": "00:05:27", "end": "00:05:33", "text": "of. This will have to take a long time"}, {"start": "00:05:30", "end": "00:05:36", "text": "to get into the system. And that's why"}, {"start": "00:05:33", "end": "00:05:39", "text": "as an investor, I think you should be"}, {"start": "00:05:36", "end": "00:05:42", "text": "reasonable and think about this as a"}, {"start": "00:05:39", "end": "00:05:44", "text": "longterm type of play. Again, I don't"}, {"start": "00:05:42", "end": "00:05:46", "text": "know where it's going to happen or if"}, {"start": "00:05:44", "end": "00:05:48", "text": "it's going to happen, but I can say I"}, {"start": "00:05:46", "end": "00:05:50", "text": "think that this is going to take quite a"}, {"start": "00:05:48", "end": "00:05:52", "text": "bit of time to go through. Anyhow, let"}, {"start": "00:05:50", "end": "00:05:54", "text": "me think about that in the comments"}, {"start": "00:05:52", "end": "00:05:57", "text": "section. And then also to piggyback on"}, {"start": "00:05:54", "end": "00:06:00", "text": "that, the FDIC came out yesterday and"}, {"start": "00:05:57", "end": "00:06:01", "text": "said, \"Hey, good news. Uh, looks like"}, {"start": "00:06:00", "end": "00:06:04", "text": "we're going to go ahead with the Stable"}, {"start": "00:06:01", "end": "00:06:06", "text": "Coin and Genius Act for FDIC super"}, {"start": "00:06:04", "end": "00:06:08", "text": "supervised stable coin issuers.\" Now, if"}, {"start": "00:06:06", "end": "00:06:10", "text": "you're not familiar FDIC, that's"}, {"start": "00:06:08", "end": "00:06:12", "text": "insurance for your bank accounts. If"}, {"start": "00:06:10", "end": "00:06:13", "text": "something happens to those banks,"}, {"start": "00:06:12", "end": "00:06:15", "text": "there's a run in the bank, there's"}, {"start": "00:06:13", "end": "00:06:17", "text": "something that happens, there's a"}, {"start": "00:06:15", "end": "00:06:19", "text": "there's a heist or whatever else."}, {"start": "00:06:17", "end": "00:06:21", "text": "Essentially, the insurance is up to"}, {"start": "00:06:19", "end": "00:06:23", "text": "$250,000. Now, I think this has always"}, {"start": "00:06:21", "end": "00:06:25", "text": "changed. I might have gotten this wrong,"}, {"start": "00:06:23", "end": "00:06:27", "text": "but 250,000 somewhere around there."}, {"start": "00:06:25", "end": "00:06:29", "text": "Correct me in the comments. Which is"}, {"start": "00:06:27", "end": "00:06:31", "text": "great. I like that part as far as like"}, {"start": "00:06:29", "end": "00:06:32", "text": "banking. You know, if you have more than"}, {"start": "00:06:31", "end": "00:06:35", "text": "that, you got to have multiple banks,"}, {"start": "00:06:32", "end": "00:06:36", "text": "but whatever it is is what it is. So,"}, {"start": "00:06:35", "end": "00:06:39", "text": "when I saw this, I'm like, this is great"}, {"start": "00:06:36", "end": "00:06:42", "text": "news. The FDIC is going to come out and"}, {"start": "00:06:39", "end": "00:06:45", "text": "ensure stable coins. That's what I would"}, {"start": "00:06:42", "end": "00:06:47", "text": "think, but I was wrong. I also link this"}, {"start": "00:06:45", "end": "00:06:52", "text": "in the description if you want to go"}, {"start": "00:06:47", "end": "00:06:54", "text": "through the Jesus 191 pages of this."}, {"start": "00:06:52", "end": "00:06:57", "text": "You're welcome to,"}, {"start": "00:06:54", "end": "00:06:59", "text": "but this is what it all comes down to as"}, {"start": "00:06:57", "end": "00:07:00", "text": "far as FDIC. It says for stable coins"}, {"start": "00:06:59", "end": "00:07:02", "text": "and the Genius Act and Clarity Act as it"}, {"start": "00:07:00", "end": "00:07:06", "text": "comes through, just know there's going"}, {"start": "00:07:02", "end": "00:07:08", "text": "to be four big things. One, you got to"}, {"start": "00:07:06", "end": "00:07:10", "text": "back all these stuff up. All the stable"}, {"start": "00:07:08", "end": "00:07:12", "text": "coins that you issue have to be backed"}, {"start": "00:07:10", "end": "00:07:14", "text": "one to one by treasuries or fiat"}, {"start": "00:07:12", "end": "00:07:17", "text": "dollars, whatever else. It has to be"}, {"start": "00:07:14", "end": "00:07:18", "text": "backed up because as this goes through,"}, {"start": "00:07:17", "end": "00:07:20", "text": "you're going to be on the hook for it,"}, {"start": "00:07:18", "end": "00:07:22", "text": "banks or whoever else is doing it. It's"}, {"start": "00:07:20", "end": "00:07:24", "text": "going to be the oversight is going to be"}, {"start": "00:07:22", "end": "00:07:26", "text": "the FDIC. They're going to obviously"}, {"start": "00:07:24", "end": "00:07:28", "text": "oversight everything that that goes"}, {"start": "00:07:26", "end": "00:07:31", "text": "through with as far as issuance of"}, {"start": "00:07:28", "end": "00:07:33", "text": "stable coins and for those onetoone. And"}, {"start": "00:07:31", "end": "00:07:36", "text": "as far as like oversight, it also has to"}, {"start": "00:07:33", "end": "00:07:38", "text": "have AML and KYC laws implemented,"}, {"start": "00:07:36", "end": "00:07:39", "text": "meaning all the great paperwork and"}, {"start": "00:07:38", "end": "00:07:40", "text": "documentation that you have to fill out"}, {"start": "00:07:39", "end": "00:07:42", "text": "for your bank is going to actually come"}, {"start": "00:07:40", "end": "00:07:45", "text": "through with the stable coins, which I'm"}, {"start": "00:07:42", "end": "00:07:50", "text": "like, that's cool because insurance,"}, {"start": "00:07:45", "end": "00:07:53", "text": "right? No, there is no FDIC insurance"}, {"start": "00:07:50", "end": "00:07:57", "text": "for stable coins. That's on you, whoever"}, {"start": "00:07:53", "end": "00:07:58", "text": "issues it. So, this is uh going through"}, {"start": "00:07:57", "end": "00:08:00", "text": "the process and they are looking for"}, {"start": "00:07:58", "end": "00:08:02", "text": "comments. Maybe you can feed that back"}, {"start": "00:08:00", "end": "00:08:06", "text": "to them. But as far as what the FDIC"}, {"start": "00:08:02", "end": "00:08:09", "text": "says in these 191 documents, there is no"}, {"start": "00:08:06", "end": "00:08:10", "text": "insurance for stable coin issuers."}, {"start": "00:08:09", "end": "00:08:12", "text": "Anyhow, let me know what you think about"}, {"start": "00:08:10", "end": "00:08:14", "text": "that nonsense in the comments. And to"}, {"start": "00:08:12", "end": "00:08:16", "text": "finish this up, a little little bit of"}, {"start": "00:08:14", "end": "00:08:19", "text": "good news. This is an old one, but I"}, {"start": "00:08:16", "end": "00:08:23", "text": "wanted to to kind of revisit this. This"}, {"start": "00:08:19", "end": "00:08:26", "text": "is uh SEC chair Paul Atkins as he talks"}, {"start": "00:08:23", "end": "00:08:30", "text": "about how all US markets will be on"}, {"start": "00:08:26", "end": "00:08:31", "text": "chain within two years. So, if you're"}, {"start": "00:08:30", "end": "00:08:33", "text": "here and you think about, well, this is"}, {"start": "00:08:31", "end": "00:08:36", "text": "a good long-term investment as far as"}, {"start": "00:08:33", "end": "00:08:37", "text": "like for real world assets and for, you"}, {"start": "00:08:36", "end": "00:08:40", "text": "know, putting different digital assets"}, {"start": "00:08:37", "end": "00:08:43", "text": "or or oldtime stocks onto and and"}, {"start": "00:08:40", "end": "00:08:44", "text": "digitizing uh different assets and"}, {"start": "00:08:43", "end": "00:08:46", "text": "commodities."}, {"start": "00:08:44", "end": "00:08:48", "text": "This is what we're here for. I think"}, {"start": "00:08:46", "end": "00:08:51", "text": "this is going to be a big thing. And"}, {"start": "00:08:48", "end": "00:08:53", "text": "this is Scott saying this again. So, uh"}, {"start": "00:08:51", "end": "00:08:55", "text": "let's uh listen to this about 30 seconds"}, {"start": "00:08:53", "end": "00:08:57", "text": "or so, just as a reminder. And he says"}, {"start": "00:08:55", "end": "00:09:01", "text": "it it's going to happen in the next"}, {"start": "00:08:57", "end": "00:09:01", "text": "roughly two years."}, {"start": "00:09:21", "end": "00:09:26", "text": "Sorry. Let me do this again."}, {"start": "00:09:28", "end": "00:09:35", "text": "I got to share the screen with this new"}, {"start": "00:09:31", "end": "00:09:35", "text": "update that I have here."}, {"start": "00:09:37", "end": "00:09:41", "text": "Yeah, technology something. Listen to"}, {"start": "00:09:39", "end": "00:09:44", "text": "this again. I apologize"}, {"start": "00:09:41", "end": "00:09:47", "text": ">> as it's uh you know as all these new"}, {"start": "00:09:44", "end": "00:09:49", "text": "innovations were coming about. So that's"}, {"start": "00:09:47", "end": "00:09:52", "text": "no more. we're actually embracing it and"}, {"start": "00:09:49", "end": "00:09:54", "text": "I believe that we need to be embracing"}, {"start": "00:09:52", "end": "00:09:56", "text": "it to keep the United States at the"}, {"start": "00:09:54", "end": "00:09:59", "text": "forefront as far as cryptocurrencies and"}, {"start": "00:09:56", "end": "00:10:01", "text": "whatnot. There were really only two"}, {"start": "00:09:59", "end": "00:10:03", "text": "countries in the world here in the last"}, {"start": "00:10:01", "end": "00:10:06", "text": "few years that were working to make"}, {"start": "00:10:03", "end": "00:10:08", "text": "cryptocurrencies illegal and that was"}, {"start": "00:10:06", "end": "00:10:11", "text": "communist China and the US through the"}, {"start": "00:10:08", "end": "00:10:15", "text": "SEC. So that's changed. It's a new day"}, {"start": "00:10:11", "end": "00:10:17", "text": "now and so uh we want to embrace uh this"}, {"start": "00:10:15", "end": "00:10:19", "text": "new technology"}, {"start": "00:10:17", "end": "00:10:21", "text": ">> and that's great. And you can tell this"}, {"start": "00:10:19", "end": "00:10:24", "text": "was actually an old uh recording because"}, {"start": "00:10:21", "end": "00:10:27", "text": "I saw the Bitcoin price was 90,000 and"}, {"start": "00:10:24", "end": "00:10:29", "text": "Solana was up around 160. So I'm like oh"}, {"start": "00:10:27", "end": "00:10:32", "text": "that was a while ago but it is still"}, {"start": "00:10:29", "end": "00:10:35", "text": "holds true. Things do take time and"}, {"start": "00:10:32", "end": "00:10:38", "text": "that's just cannot be understated"}, {"start": "00:10:35", "end": "00:10:39", "text": "especially as an investor that you are."}, {"start": "00:10:38", "end": "00:10:42", "text": "Just remember if it takes a couple of"}, {"start": "00:10:39", "end": "00:10:45", "text": "years, I'm okay with that. I know that"}, {"start": "00:10:42", "end": "00:10:46", "text": "this year is pretty much shot. I think"}, {"start": "00:10:45", "end": "00:10:49", "text": "things are going to keep going down. I"}, {"start": "00:10:46", "end": "00:10:52", "text": "don't see a lot of different uh major up"}, {"start": "00:10:49", "end": "00:10:54", "text": "upticks. And as a reminder, fouryear"}, {"start": "00:10:52", "end": "00:10:57", "text": "cycles are still intact. I know that"}, {"start": "00:10:54", "end": "00:10:58", "text": "Michael Sailor says it's not not intact."}, {"start": "00:10:57", "end": "00:11:01", "text": "I know a lot of people say it's not"}, {"start": "00:10:58", "end": "00:11:06", "text": "intact. But guess what? We still hit our"}, {"start": "00:11:01", "end": "00:11:09", "text": "all-time high in Q4 of 2026"}, {"start": "00:11:06", "end": "00:11:11", "text": "or excuse me 2025. We are going downhill"}, {"start": "00:11:09", "end": "00:11:13", "text": "quickly in 2026."}, {"start": "00:11:11", "end": "00:11:16", "text": "Midterms are scheduled still for"}, {"start": "00:11:13", "end": "00:11:18", "text": "November and usually during that time we"}, {"start": "00:11:16", "end": "00:11:22", "text": "fall even further and then when we see"}, {"start": "00:11:18", "end": "00:11:24", "text": "into 2027 nice little having in 2028"}, {"start": "00:11:22", "end": "00:11:26", "text": "then we'll see an older alltime high."}, {"start": "00:11:24", "end": "00:11:28", "text": "That's the long game and that's it for"}, {"start": "00:11:26", "end": "00:11:29", "text": "today. So, look, if you like today's"}, {"start": "00:11:28", "end": "00:11:31", "text": "video, give it a thumbs up, consider"}, {"start": "00:11:29", "end": "00:11:33", "text": "subscribing, and we talk about is"}, {"start": "00:11:31", "end": "00:11:34", "text": "relatively timesensitive. Now, let's get"}, {"start": "00:11:33", "end": "00:11:36", "text": "into a little Q&A, answer all your"}, {"start": "00:11:34", "end": "00:11:39", "text": "questions, and uh we will go from there."}, {"start": "00:11:36", "end": "00:11:41", "text": "What do you guys got?"}, {"start": "00:11:39", "end": "00:11:43", "text": "Wow."}, {"start": "00:11:41", "end": "00:11:45", "text": "Nicholas Gray says, \"A friend in Dubai"}, {"start": "00:11:43", "end": "00:11:48", "text": "said the IRGC have been bombing them all"}, {"start": "00:11:45", "end": "00:11:53", "text": "day.\""}, {"start": "00:11:48", "end": "00:11:53", "text": "Middle East is bomb central. Let's see."}, {"start": "00:11:54", "end": "00:11:59", "text": "Rob, you're right. Pulling our You're"}, {"start": "00:11:55", "end": "00:12:02", "text": "right. pulling our hoping. Yeah. Just I"}, {"start": "00:11:59", "end": "00:12:04", "text": "just want to give everybody like the the"}, {"start": "00:12:02", "end": "00:12:06", "text": "realization that"}, {"start": "00:12:04", "end": "00:12:08", "text": "things are going to be pretty rocky for"}, {"start": "00:12:06", "end": "00:12:10", "text": "quite some time. And if it was easy,"}, {"start": "00:12:08", "end": "00:12:12", "text": "everybody would do it. And that's why,"}, {"start": "00:12:10", "end": "00:12:13", "text": "you know, you guys are here because"}, {"start": "00:12:12", "end": "00:12:16", "text": "you're battle tested and already gone"}, {"start": "00:12:13", "end": "00:12:17", "text": "through this once, twice, three times."}, {"start": "00:12:16", "end": "00:12:20", "text": "Maybe this is your fourth cycle like"}, {"start": "00:12:17", "end": "00:12:23", "text": "myself. Just depends. And you know these"}, {"start": "00:12:20", "end": "00:12:26", "text": "things. It's just it's just good to be"}, {"start": "00:12:23", "end": "00:12:31", "text": "reminded sometimes of what's going on"}, {"start": "00:12:26", "end": "00:12:35", "text": "and just to be patient. It'll happen."}, {"start": "00:12:31", "end": "00:12:38", "text": "Just leaked. Yeah."}, {"start": "00:12:35", "end": "00:12:40", "text": "You got to got to type in something. 247"}, {"start": "00:12:38", "end": "00:12:42", "text": "stocks will be cool. Future says the"}, {"start": "00:12:40", "end": "00:12:44", "text": "four-year cycle never existed. That's"}, {"start": "00:12:42", "end": "00:12:47", "text": "not true. And it's not just in the"}, {"start": "00:12:44", "end": "00:12:50", "text": "crypto cycle. It's actually in the cycle"}, {"start": "00:12:47", "end": "00:12:52", "text": "that is traditional markets. If you take"}, {"start": "00:12:50", "end": "00:12:55", "text": "a look at"}, {"start": "00:12:52", "end": "00:12:58", "text": "the midterm years,"}, {"start": "00:12:55", "end": "00:12:59", "text": "which happen in two years in between"}, {"start": "00:12:58", "end": "00:13:02", "text": "every presidential election, which"}, {"start": "00:12:59", "end": "00:13:05", "text": "coincidentally is happening this year,"}, {"start": "00:13:02", "end": "00:13:07", "text": "uh it's the worst time for traditional"}, {"start": "00:13:05", "end": "00:13:09", "text": "markets. Why is that? It's because the"}, {"start": "00:13:07", "end": "00:13:12", "text": "markets don't like any kind of unknowns,"}, {"start": "00:13:09", "end": "00:13:15", "text": "ambiguity. What who's going to be in"}, {"start": "00:13:12", "end": "00:13:17", "text": "office? How many are is the current"}, {"start": "00:13:15", "end": "00:13:21", "text": "presidential administration going to"}, {"start": "00:13:17", "end": "00:13:23", "text": "retain uh the house uh and the senate?"}, {"start": "00:13:21", "end": "00:13:26", "text": "Are there going to be changes? And if"}, {"start": "00:13:23", "end": "00:13:28", "text": "those changes come in, what does that"}, {"start": "00:13:26", "end": "00:13:29", "text": "mean for the markets themselves? And how"}, {"start": "00:13:28", "end": "00:13:31", "text": "are they going to rule? These are the"}, {"start": "00:13:29", "end": "00:13:33", "text": "unknowns that they don't like. So"}, {"start": "00:13:31", "end": "00:13:34", "text": "because of that, in the midterm election"}, {"start": "00:13:33", "end": "00:13:37", "text": "years,"}, {"start": "00:13:34", "end": "00:13:39", "text": "which is the same years that we get that"}, {"start": "00:13:37", "end": "00:13:42", "text": "we see everything kind of collapse in"}, {"start": "00:13:39", "end": "00:13:43", "text": "crypto, it just kind of moves that way."}, {"start": "00:13:42", "end": "00:13:47", "text": "So, as far as like four-year cycle never"}, {"start": "00:13:43", "end": "00:13:48", "text": "existed, I totally disagree with you on"}, {"start": "00:13:47", "end": "00:13:50", "text": "that."}, {"start": "00:13:48", "end": "00:13:52", "text": "Now, you can make the case that the"}, {"start": "00:13:50", "end": "00:13:54", "text": "four-year cycles there's not as much of"}, {"start": "00:13:52", "end": "00:13:57", "text": "a big deal as far as like for the"}, {"start": "00:13:54", "end": "00:13:59", "text": "Bitcoin having event. I get that. Makes"}, {"start": "00:13:57", "end": "00:14:00", "text": "sense. Unfortunately, you just can't"}, {"start": "00:13:59", "end": "00:14:02", "text": "discount the other macroeconomics that"}, {"start": "00:14:00", "end": "00:14:04", "text": "are going on. That's pretty much where"}, {"start": "00:14:02", "end": "00:14:06", "text": "we're at."}, {"start": "00:14:04", "end": "00:14:07", "text": "Oh my god, the business and I Joseph"}, {"start": "00:14:06", "end": "00:14:10", "text": "reminds me the business cycle is almost"}, {"start": "00:14:07", "end": "00:14:12", "text": "four years as well. And he's right. Ben"}, {"start": "00:14:10", "end": "00:14:15", "text": "just did a good uh video, a couple"}, {"start": "00:14:12", "end": "00:14:16", "text": "videos on four-year cycles and how"}, {"start": "00:14:15", "end": "00:14:18", "text": "things are ending and leading to"}, {"start": "00:14:16", "end": "00:14:21", "text": "recessions. And if you think I'm"}, {"start": "00:14:18", "end": "00:14:23", "text": "bearish, go watch that video. Have to"}, {"start": "00:14:21", "end": "00:14:25", "text": "get a box of tissue so you can stop"}, {"start": "00:14:23", "end": "00:14:27", "text": "crying. But yeah, it's it's very"}, {"start": "00:14:25", "end": "00:14:29", "text": "sobering."}, {"start": "00:14:27", "end": "00:14:31", "text": "That's it."}, {"start": "00:14:29", "end": "00:14:33", "text": "Uh real estate cycle, and Jim would know"}, {"start": "00:14:31", "end": "00:14:35", "text": "this is an 18-ear cycle which is topped"}, {"start": "00:14:33", "end": "00:14:37", "text": "in 2026."}, {"start": "00:14:35", "end": "00:14:39", "text": "Last top was 2008. I think we can all"}, {"start": "00:14:37", "end": "00:14:41", "text": "remember 2007, 89. And what happened"}, {"start": "00:14:39", "end": "00:14:44", "text": "after that? Well, during that time, I"}, {"start": "00:14:41", "end": "00:14:46", "text": "should say, the great recession. And I"}, {"start": "00:14:44", "end": "00:14:49", "text": "will tell you,"}, {"start": "00:14:46", "end": "00:14:50", "text": "friends here in El Paso, Texas, uh they"}, {"start": "00:14:49", "end": "00:14:52", "text": "were sitting on a boatload of cash"}, {"start": "00:14:50", "end": "00:14:55", "text": "during that time because they thought"}, {"start": "00:14:52", "end": "00:14:56", "text": "something was going to happen. And uh"}, {"start": "00:14:55", "end": "00:14:58", "text": "people were saying, \"You're ridiculous."}, {"start": "00:14:56", "end": "00:15:00", "text": "Look at all the different houses that"}, {"start": "00:14:58", "end": "00:15:01", "text": "are going up and and look at the prices"}, {"start": "00:15:00", "end": "00:15:03", "text": "that are doing and everybody's making"}, {"start": "00:15:01", "end": "00:15:05", "text": "money. You should you should put it all"}, {"start": "00:15:03", "end": "00:15:07", "text": "in now.\" And it's like, \"No, something"}, {"start": "00:15:05", "end": "00:15:09", "text": "going on. I don't like it.\" especially"}, {"start": "00:15:07", "end": "00:15:11", "text": "with how things are being loaned out and"}, {"start": "00:15:09", "end": "00:15:14", "text": "lended and and the requirements doesn't"}, {"start": "00:15:11", "end": "00:15:17", "text": "make any sense to me. Collapse,"}, {"start": "00:15:14", "end": "00:15:20", "text": "big pile of cash, went right into real"}, {"start": "00:15:17", "end": "00:15:22", "text": "estate, picking up things for pennies,"}, {"start": "00:15:20", "end": "00:15:26", "text": "pennies on the dollar, and it worked out"}, {"start": "00:15:22", "end": "00:15:29", "text": "great. And there's this old phrase"}, {"start": "00:15:26", "end": "00:15:34", "text": "that I think we should appreciate now."}, {"start": "00:15:29", "end": "00:15:36", "text": "Cash is trash until there's a crash. And"}, {"start": "00:15:34", "end": "00:15:39", "text": "when there's a crash,"}, {"start": "00:15:36", "end": "00:15:42", "text": "cash is everything. So just remember"}, {"start": "00:15:39", "end": "00:15:42", "text": "that."}, {"start": "00:15:42", "end": "00:15:47", "text": "Tim says, \"Rob, did you ever do your go"}, {"start": "00:15:44", "end": "00:15:50", "text": "away period? I panic sold at 86K.\" That"}, {"start": "00:15:47", "end": "00:15:53", "text": "was a pretty good price. No, the the me"}, {"start": "00:15:50", "end": "00:15:54", "text": "taking a break was uh predicated on like"}, {"start": "00:15:53", "end": "00:15:56", "text": "a blowoff top and that never happened."}, {"start": "00:15:54", "end": "00:15:58", "text": "And then I was always going to come back"}, {"start": "00:15:56", "end": "00:16:00", "text": "in the bare market because I I said to"}, {"start": "00:15:58", "end": "00:16:02", "text": "everybody, nobody needs a cheerleader in"}, {"start": "00:16:00", "end": "00:16:03", "text": "the bull market. The only thing they"}, {"start": "00:16:02", "end": "00:16:06", "text": "need is for someone to slap them across"}, {"start": "00:16:03", "end": "00:16:07", "text": "the face and say, \"What are you doing?"}, {"start": "00:16:06", "end": "00:16:09", "text": "You got to sell something. You got to"}, {"start": "00:16:07", "end": "00:16:10", "text": "take some profits.\" But I've been"}, {"start": "00:16:09", "end": "00:16:12", "text": "talking about that since I put those"}, {"start": "00:16:10", "end": "00:16:14", "text": "rules up in 2022. So, I'm like, \"Ah,"}, {"start": "00:16:12", "end": "00:16:16", "text": "they'll figure it out.\" And we take"}, {"start": "00:16:14", "end": "00:16:18", "text": "profits along the way. I didn't take as"}, {"start": "00:16:16", "end": "00:16:20", "text": "much profits as I was as I was supposed"}, {"start": "00:16:18", "end": "00:16:23", "text": "to. I'll admit, but I did enough to be"}, {"start": "00:16:20", "end": "00:16:25", "text": "relatively stress-free, but I wish I"}, {"start": "00:16:23", "end": "00:16:27", "text": "could have done better. I just didn't."}, {"start": "00:16:25", "end": "00:16:30", "text": "Uh, so I was going to step away as"}, {"start": "00:16:27", "end": "00:16:32", "text": "everything went crazy and frothy. That's"}, {"start": "00:16:30", "end": "00:16:34", "text": "one I learned in 2021. And then come"}, {"start": "00:16:32", "end": "00:16:35", "text": "back in the bear because that some"}, {"start": "00:16:34", "end": "00:16:37", "text": "people are beaten down and they feel"}, {"start": "00:16:35", "end": "00:16:38", "text": "like they're failures and they want a"}, {"start": "00:16:37", "end": "00:16:42", "text": "little pep talk every so often, which is"}, {"start": "00:16:38", "end": "00:16:46", "text": "why we do these shows. H So I can feel I"}, {"start": "00:16:42", "end": "00:16:49", "text": "can say with 100% assurance that we"}, {"start": "00:16:46", "end": "00:16:53", "text": "really did hit a bare market try. Oh"}, {"start": "00:16:49", "end": "00:16:55", "text": "man. So yeah, that's it. Uh let's see."}, {"start": "00:16:53", "end": "00:16:59", "text": "Hey Rob, how's your back feeling today?"}, {"start": "00:16:55", "end": "00:17:05", "text": "Awful. So, uh I'm going to go do some"}, {"start": "00:16:59", "end": "00:17:07", "text": "ozone therapy uh tomorrow and uh"}, {"start": "00:17:05", "end": "00:17:10", "text": "contrast therapy today and we'll see how"}, {"start": "00:17:07", "end": "00:17:13", "text": "it goes. Backs just sometimes they just"}, {"start": "00:17:10", "end": "00:17:17", "text": "get blown out when you try to lift up"}, {"start": "00:17:13", "end": "00:17:17", "text": "gates that are like 500 lb."}, {"start": "00:17:19", "end": "00:17:23", "text": "Anyhow,"}, {"start": "00:17:21", "end": "00:17:26", "text": "are you jumping in the pool again if we"}, {"start": "00:17:23", "end": "00:17:27", "text": "hit 100? No."}, {"start": "00:17:26", "end": "00:17:30", "text": "Everyone saw by April 15th is a pump"}, {"start": "00:17:27", "end": "00:17:34", "text": "day. Any truth to that?"}, {"start": "00:17:30", "end": "00:17:36", "text": "Well, it is tax day, right? So, I don't"}, {"start": "00:17:34", "end": "00:17:38", "text": "know if it's if it's pump or whatnot,"}, {"start": "00:17:36", "end": "00:17:41", "text": "but I do remember there's this thing"}, {"start": "00:17:38", "end": "00:17:43", "text": "called sell in May and go away. If you"}, {"start": "00:17:41", "end": "00:17:46", "text": "done that last year around April,"}, {"start": "00:17:43", "end": "00:17:47", "text": "probably a good time to do that. And"}, {"start": "00:17:46", "end": "00:17:49", "text": "Driset,"}, {"start": "00:17:47", "end": "00:17:52", "text": "I'm going to leave it here and this is"}, {"start": "00:17:49", "end": "00:17:54", "text": "right. Cash is still king for privacy."}, {"start": "00:17:52", "end": "00:17:56", "text": "If you don't want anybody to know what"}, {"start": "00:17:54", "end": "00:17:58", "text": "you're what you're buying, cash is the"}, {"start": "00:17:56", "end": "00:18:00", "text": "best. It just depends on, you know, how"}, {"start": "00:17:58", "end": "00:18:02", "text": "much cash you actually need. If you're"}, {"start": "00:18:00", "end": "00:18:04", "text": "like the cartel and you're trying to"}, {"start": "00:18:02", "end": "00:18:06", "text": "like, you know, pay somebody off, you"}, {"start": "00:18:04", "end": "00:18:07", "text": "can bring a suitcase of cash works out"}, {"start": "00:18:06", "end": "00:18:09", "text": "pretty well. But if you're trying to buy"}, {"start": "00:18:07", "end": "00:18:12", "text": "like a, you know, nuclear missile or"}, {"start": "00:18:09", "end": "00:18:15", "text": "something, very difficult, I would"}, {"start": "00:18:12", "end": "00:18:17", "text": "assume. But for everything else, cash is"}, {"start": "00:18:15", "end": "00:18:20", "text": "not trash. And cash is the number one"}, {"start": "00:18:17", "end": "00:18:22", "text": "for privacy. Just saying. Anyhow, that's"}, {"start": "00:18:20", "end": "00:18:24", "text": "it for today. Guys, like today's video,"}, {"start": "00:18:22", "end": "00:18:28", "text": "thumbs up, subscribe, all that great"}, {"start": "00:18:24", "end": "00:18:31", "text": "stuff. Tomorrow, NFA Live, I think, is"}, {"start": "00:18:28", "end": "00:18:34", "text": "on guy's channel. Hopefully, he's okay"}, {"start": "00:18:31", "end": "00:18:36", "text": "in Dubai or UAE. And I'll see you guys"}, {"start": "00:18:34", "end": "00:18:37", "text": "there for tomorrow. Anyhow, thanks much"}, {"start": "00:18:36", "end": "00:18:40", "text": "everybody. See you in the next one."}, {"start": "00:18:37", "end": "00:18:40", "text": "Adios."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hello everybody. Welcome to the Tuesday"}, {"start": "00:00:03", "end": "00:00:08", "text": "live stream. Wish I had better news for"}, {"start": "00:00:05", "end": "00:00:10", "text": "you, but it doesn't look too good. And I"}, {"start": "00:00:08", "end": "00:00:11", "text": "think we really need to take a step back"}, {"start": "00:00:10", "end": "00:00:15", "text": "and think about what we can actually"}, {"start": "00:00:11", "end": "00:00:16", "text": "control. So, as everybody knows right"}, {"start": "00:00:15", "end": "00:00:18", "text": "now, it looks like there is a deadline"}, {"start": "00:00:16", "end": "00:00:21", "text": "coming up fast within the next four or"}, {"start": "00:00:18", "end": "00:00:23", "text": "five hours. This deadline is essentially"}, {"start": "00:00:21", "end": "00:00:25", "text": "if the United States and Iran can come"}, {"start": "00:00:23", "end": "00:00:27", "text": "to some kind of agreement. Now, it looks"}, {"start": "00:00:25", "end": "00:00:29", "text": "like that there has been communication"}, {"start": "00:00:27", "end": "00:00:31", "text": "that has been shut off. There are things"}, {"start": "00:00:29", "end": "00:00:37", "text": "that are being changed every single"}, {"start": "00:00:31", "end": "00:00:40", "text": "second it seems. So I am not 100% sure"}, {"start": "00:00:37", "end": "00:00:42", "text": "what is going on at this specific moment"}, {"start": "00:00:40", "end": "00:00:45", "text": "or if there has been any more talks"}, {"start": "00:00:42", "end": "00:00:48", "text": "between the two. But if there isn't, it"}, {"start": "00:00:45", "end": "00:00:51", "text": "looks like 8:00 PM EST is when there is"}, {"start": "00:00:48", "end": "00:00:53", "text": "a deadline due. So I just need to remind"}, {"start": "00:00:51", "end": "00:00:55", "text": "everybody that there are things that we"}, {"start": "00:00:53", "end": "00:00:58", "text": "can control and there are things that we"}, {"start": "00:00:55", "end": "00:01:00", "text": "cannot control. And this is what I talk"}, {"start": "00:00:58", "end": "00:01:02", "text": "about a lot or we talk about a lot on"}, {"start": "00:01:00", "end": "00:01:04", "text": "the channel which is our sphere of"}, {"start": "00:01:02", "end": "00:01:06", "text": "control. Think about the things that you"}, {"start": "00:01:04", "end": "00:01:09", "text": "can actually change. The things that you"}, {"start": "00:01:06", "end": "00:01:11", "text": "can actually put input into and have a"}, {"start": "00:01:09", "end": "00:01:14", "text": "different outcome. And then there are"}, {"start": "00:01:11", "end": "00:01:16", "text": "things that you can influence which is a"}, {"start": "00:01:14", "end": "00:01:19", "text": "little bit larger much of a of a sphere."}, {"start": "00:01:16", "end": "00:01:21", "text": "And then there are lots and lots and"}, {"start": "00:01:19", "end": "00:01:23", "text": "massive amounts of things that are"}, {"start": "00:01:21", "end": "00:01:25", "text": "outside of your control. So don't beat"}, {"start": "00:01:23", "end": "00:01:27", "text": "yourself up if you think that you can"}, {"start": "00:01:25", "end": "00:01:29", "text": "control everything because you can't."}, {"start": "00:01:27", "end": "00:01:34", "text": "And the things that are going on right"}, {"start": "00:01:29", "end": "00:01:36", "text": "now. We can't control those things."}, {"start": "00:01:34", "end": "00:01:38", "text": "Meaning that it's a good idea to take a"}, {"start": "00:01:36", "end": "00:01:40", "text": "step back, re-evaluate what's happening,"}, {"start": "00:01:38", "end": "00:01:43", "text": "and think to myself, what is it that I"}, {"start": "00:01:40", "end": "00:01:47", "text": "can actually do? So I want to play this"}, {"start": "00:01:43", "end": "00:01:49", "text": "with Tom Lee. And he's right. Tom Lee is"}, {"start": "00:01:47", "end": "00:01:51", "text": "we talked about him many times in the"}, {"start": "00:01:49", "end": "00:01:53", "text": "show. He's the perma bull. But in this"}, {"start": "00:01:51", "end": "00:01:54", "text": "situation, he is 100% correct. So, just"}, {"start": "00:01:53", "end": "00:01:58", "text": "take a listen to what Tom has to say"}, {"start": "00:01:54", "end": "00:02:00", "text": "here about this pending skirmish that is"}, {"start": "00:01:58", "end": "00:02:01", "text": "going on and what could potentially"}, {"start": "00:02:00", "end": "00:02:03", "text": "happen about a minute or so."}, {"start": "00:02:01", "end": "00:02:04", "text": ">> But, as you know, we're still in the"}, {"start": "00:02:03", "end": "00:02:07", "text": "midst of this fog of war because we"}, {"start": "00:02:04", "end": "00:02:11", "text": "don't know when it ends. But, we did"}, {"start": "00:02:07", "end": "00:02:13", "text": "look at the past seven major war events"}, {"start": "00:02:11", "end": "00:02:16", "text": "and the stock market adjusts pretty"}, {"start": "00:02:13", "end": "00:02:19", "text": "quickly. within the first 10% of the"}, {"start": "00:02:16", "end": "00:02:21", "text": "entire duration of a war, the stock"}, {"start": "00:02:19", "end": "00:02:24", "text": "market usually bottomed. So, you know,"}, {"start": "00:02:21", "end": "00:02:27", "text": "World War II was almost 5 years and the"}, {"start": "00:02:24", "end": "00:02:31", "text": "market bottomed 5 months into that war."}, {"start": "00:02:27", "end": "00:02:34", "text": "So, I do think as bad as March was,"}, {"start": "00:02:31", "end": "00:02:36", "text": "we've probably seen a big part of that"}, {"start": "00:02:34", "end": "00:02:39", "text": "adjustment. And now, I think the"}, {"start": "00:02:36", "end": "00:02:43", "text": "riskreward is quite good for stocks. and"}, {"start": "00:02:39", "end": "00:02:44", "text": "90 to 95% of of the weaknesses behind us"}, {"start": "00:02:43", "end": "00:02:47", "text": "in your view?"}, {"start": "00:02:44", "end": "00:02:49", "text": ">> Yes. Well, let's see if that comes"}, {"start": "00:02:47", "end": "00:02:51", "text": "through. Tom doesn't have a stellar"}, {"start": "00:02:49", "end": "00:02:53", "text": "record, but it is a good idea to remind"}, {"start": "00:02:51", "end": "00:02:55", "text": "ourselves of what could potentially"}, {"start": "00:02:53", "end": "00:02:58", "text": "happen with these types of wars. And"}, {"start": "00:02:55", "end": "00:03:00", "text": "this is again, Tom is correct here. We"}, {"start": "00:02:58", "end": "00:03:01", "text": "talk about and there's been different"}, {"start": "00:03:00", "end": "00:03:04", "text": "studies that have taken a look at what"}, {"start": "00:03:01", "end": "00:03:06", "text": "has happened during wartime and S&P 500"}, {"start": "00:03:04", "end": "00:03:09", "text": "and the Dow and they talk about buying"}, {"start": "00:03:06", "end": "00:03:11", "text": "the invasion and we can just see across"}, {"start": "00:03:09", "end": "00:03:13", "text": "the board that yes things actually"}, {"start": "00:03:11", "end": "00:03:16", "text": "bottom out whether there's a recession"}, {"start": "00:03:13", "end": "00:03:18", "text": "or not whether there is or how long it"}, {"start": "00:03:16", "end": "00:03:20", "text": "actually takes and we're taking a look"}, {"start": "00:03:18", "end": "00:03:22", "text": "at Vietnam, Gulf, Afghanistan, Iraq,"}, {"start": "00:03:20", "end": "00:03:24", "text": "Korean crisis"}, {"start": "00:03:22", "end": "00:03:27", "text": "like two and we can we can go and"}, {"start": "00:03:24", "end": "00:03:29", "text": "extrapolate that moving forward. So yes,"}, {"start": "00:03:27", "end": "00:03:32", "text": "there is the things that we control,"}, {"start": "00:03:29", "end": "00:03:34", "text": "things that we can't control. And also"}, {"start": "00:03:32", "end": "00:03:36", "text": "just to piggyback on what Tom said there"}, {"start": "00:03:34", "end": "00:03:39", "text": "as far as World War II, now this is the"}, {"start": "00:03:36", "end": "00:03:43", "text": "Dow the Dow Jones average from 1935 to"}, {"start": "00:03:39", "end": "00:03:48", "text": "1950. And like he said, it's the market"}, {"start": "00:03:43", "end": "00:03:52", "text": "bottoms within roughly 10% or or"}, {"start": "00:03:48", "end": "00:03:54", "text": "within five months. and World War II."}, {"start": "00:03:52", "end": "00:03:59", "text": "Actually, we entered the United States"}, {"start": "00:03:54", "end": "00:04:02", "text": "entered World War II uh in December 8th,"}, {"start": "00:03:59", "end": "00:04:07", "text": "I believe, 194"}, {"start": "00:04:02", "end": "00:04:09", "text": "one after Pearl Harbor was bombed."}, {"start": "00:04:07", "end": "00:04:12", "text": "And you can see right here as Pearl"}, {"start": "00:04:09", "end": "00:04:14", "text": "Harbor was bombed into oblivion."}, {"start": "00:04:12", "end": "00:04:16", "text": "That is when we entered and that's when"}, {"start": "00:04:14", "end": "00:04:20", "text": "we actually"}, {"start": "00:04:16", "end": "00:04:23", "text": "went down and the Dow bottomed. After"}, {"start": "00:04:20", "end": "00:04:25", "text": "that of course we went up. Industrial"}, {"start": "00:04:23", "end": "00:04:29", "text": "military complex did quite well as we"}, {"start": "00:04:25", "end": "00:04:30", "text": "all know how that works. Uh and we seem"}, {"start": "00:04:29", "end": "00:04:33", "text": "to be taking off but there's a big"}, {"start": "00:04:30", "end": "00:04:36", "text": "difference in this situation in this"}, {"start": "00:04:33", "end": "00:04:39", "text": "world war. We were the winners. And then"}, {"start": "00:04:36", "end": "00:04:41", "text": "as a reminder, as far as the elections"}, {"start": "00:04:39", "end": "00:04:43", "text": "are concerned or the time period, we are"}, {"start": "00:04:41", "end": "00:04:45", "text": "in"}, {"start": "00:04:43", "end": "00:04:47", "text": "midterm election year and it's not"}, {"start": "00:04:45", "end": "00:04:49", "text": "looking good for the Republicans so far."}, {"start": "00:04:47", "end": "00:04:51", "text": "I'm sure everybody will sound off in the"}, {"start": "00:04:49", "end": "00:04:53", "text": "comments section, but as far as like"}, {"start": "00:04:51", "end": "00:04:55", "text": "midterm years, as far as bottoms go,"}, {"start": "00:04:53", "end": "00:04:57", "text": "we've got a little ways to go. Usually"}, {"start": "00:04:55", "end": "00:05:00", "text": "this happens around October, November,"}, {"start": "00:04:57", "end": "00:05:03", "text": "and every midterm year. You can see"}, {"start": "00:05:00", "end": "00:05:05", "text": "here's the stock market returns midterm"}, {"start": "00:05:03", "end": "00:05:08", "text": "year and then post midterm year going"}, {"start": "00:05:05", "end": "00:05:10", "text": "all the way back to the 1950s."}, {"start": "00:05:08", "end": "00:05:14", "text": "And again, we can take a look at that"}, {"start": "00:05:10", "end": "00:05:17", "text": "here. But as a quick reminder,"}, {"start": "00:05:14", "end": "00:05:20", "text": "100% of the time since 1942, buying the"}, {"start": "00:05:17", "end": "00:05:24", "text": "S&P 500 on midterm election day"}, {"start": "00:05:20", "end": "00:05:27", "text": "generated a return of plus 15.2%"}, {"start": "00:05:24", "end": "00:05:30", "text": "through June 30th of the following year."}, {"start": "00:05:27", "end": "00:05:32", "text": "So, I understand people are upset. They"}, {"start": "00:05:30", "end": "00:05:35", "text": "want to do things, but again, what can"}, {"start": "00:05:32", "end": "00:05:39", "text": "you control in this situation? And as a"}, {"start": "00:05:35", "end": "00:05:41", "text": "reminder, the market isn't all awful. As"}, {"start": "00:05:39", "end": "00:05:44", "text": "a uh a quick update, it looks like"}, {"start": "00:05:41", "end": "00:05:46", "text": "Morgan Stanley, which has 1.9 trillion"}, {"start": "00:05:44", "end": "00:05:50", "text": "assets under management, looks like they"}, {"start": "00:05:46", "end": "00:05:53", "text": "are going live with their Bitcoin ETF"}, {"start": "00:05:50", "end": "00:05:55", "text": "tomorrow. So, they are, I think, uh, one"}, {"start": "00:05:53", "end": "00:05:58", "text": "basis point below. and they are the"}, {"start": "00:05:55", "end": "00:06:00", "text": "cheapest and they have actually outdone"}, {"start": "00:05:58", "end": "00:06:02", "text": "uh Black Rockck's IBIT. So, looks like"}, {"start": "00:06:00", "end": "00:06:04", "text": "uh and I just found this interesting"}, {"start": "00:06:02", "end": "00:06:06", "text": "that you know you have Morgan Stanley"}, {"start": "00:06:04", "end": "00:06:07", "text": "who have been on the sidelines for quite"}, {"start": "00:06:06", "end": "00:06:09", "text": "some time. They were actually"}, {"start": "00:06:07", "end": "00:06:12", "text": "intermediary with IBIT and now they're"}, {"start": "00:06:09", "end": "00:06:13", "text": "getting into it. And I when I take a"}, {"start": "00:06:12", "end": "00:06:15", "text": "look at stuff like this and I think to"}, {"start": "00:06:13", "end": "00:06:17", "text": "myself, the people that are calling for"}, {"start": "00:06:15", "end": "00:06:21", "text": "a 10,000 Bitcoin or a Bitcoin going to"}, {"start": "00:06:17", "end": "00:06:23", "text": "zero, I don't think they get it just how"}, {"start": "00:06:21", "end": "00:06:26", "text": "much these other institutions are coming"}, {"start": "00:06:23", "end": "00:06:27", "text": "in and want to throw the funds around."}, {"start": "00:06:26", "end": "00:06:29", "text": "But I mean, if you think it's going to"}, {"start": "00:06:27", "end": "00:06:32", "text": "zero, that's up to you. I think things"}, {"start": "00:06:29", "end": "00:06:34", "text": "will be just fine moving forward. And"}, {"start": "00:06:32", "end": "00:06:36", "text": "then also on Finance, which is also"}, {"start": "00:06:34", "end": "00:06:37", "text": "backed by Black Rockck, there was a"}, {"start": "00:06:36", "end": "00:06:39", "text": "little skirmish here. Not a little"}, {"start": "00:06:37", "end": "00:06:42", "text": "skirmish, I should say. This was uh"}, {"start": "00:06:39", "end": "00:06:45", "text": "Franklin Templeton uh sat down uh with"}, {"start": "00:06:42", "end": "00:06:47", "text": "the guys over at uh Ando Finance and"}, {"start": "00:06:45", "end": "00:06:49", "text": "they just asked him a quick question"}, {"start": "00:06:47", "end": "00:06:50", "text": "about what they thought of crypto and"}, {"start": "00:06:49", "end": "00:06:52", "text": "guess what? Franklin Templeton, one of"}, {"start": "00:06:50", "end": "00:06:54", "text": "the oldest institutions in the United"}, {"start": "00:06:52", "end": "00:06:56", "text": "States, is actually getting into uh"}, {"start": "00:06:54", "end": "00:06:58", "text": "crypto digital assets. So, take a listen"}, {"start": "00:06:56", "end": "00:06:58", "text": "to this comment. I thought it was pretty"}, {"start": "00:06:58", "end": "00:07:00", "text": "good."}, {"start": "00:06:58", "end": "00:07:01", "text": ">> Well, first and foremost, is this"}, {"start": "00:07:00", "end": "00:07:03", "text": "financial advice?"}, {"start": "00:07:01", "end": "00:07:05", "text": ">> This is not financial advice."}, {"start": "00:07:03", "end": "00:07:08", "text": ">> This is not financial advice."}, {"start": "00:07:05", "end": "00:07:11", "text": ">> Next question. Name one overhyped and"}, {"start": "00:07:08", "end": "00:07:14", "text": "underhyped crypto narrative."}, {"start": "00:07:11", "end": "00:07:16", "text": ">> Overhyped crypto narrative. Crypto is"}, {"start": "00:07:14", "end": "00:07:17", "text": "dead."}, {"start": "00:07:16", "end": "00:07:18", "text": ">> Oh, good answer."}, {"start": "00:07:17", "end": "00:07:20", "text": ">> Every time there's a market pullback,"}, {"start": "00:07:18", "end": "00:07:22", "text": "crypto is dead. This is the end of it."}, {"start": "00:07:20", "end": "00:07:24", "text": "Never happens. Crypto is going to be"}, {"start": "00:07:22", "end": "00:07:27", "text": "around long after any of us are."}, {"start": "00:07:24", "end": "00:07:28", "text": "Underhyped. Tradi coming into crypto is"}, {"start": "00:07:27", "end": "00:07:30", "text": "going to make crypto better."}, {"start": "00:07:28", "end": "00:07:31", "text": ">> Spicy."}, {"start": "00:07:30", "end": "00:07:32", "text": ">> Very spicy."}, {"start": "00:07:31", "end": "00:07:34", "text": ">> Yeah, overhyped. I struggle with that"}, {"start": "00:07:32", "end": "00:07:36", "text": "one because I think fundamentally crypto"}, {"start": "00:07:34", "end": "00:07:38", "text": "is still very much underhyped. Yeah."}, {"start": "00:07:36", "end": "00:07:40", "text": "like it's just it it doesn't the true"}, {"start": "00:07:38", "end": "00:07:43", "text": "innovation that it represents people"}, {"start": "00:07:40", "end": "00:07:45", "text": "have not appreciated at all just"}, {"start": "00:07:43", "end": "00:07:47", "text": ">> well let's hope so I like those two"}, {"start": "00:07:45", "end": "00:07:49", "text": "answers from uh and Franklin Toss on"}, {"start": "00:07:47", "end": "00:07:51", "text": "digital assets we'll see if that"}, {"start": "00:07:49", "end": "00:07:53", "text": "actually plays out I think we still have"}, {"start": "00:07:51", "end": "00:07:54", "text": "a little bit way of a downward"}, {"start": "00:07:53", "end": "00:07:57", "text": "trajectory to go but I could be wrong"}, {"start": "00:07:54", "end": "00:07:58", "text": "but again four year cycles I still think"}, {"start": "00:07:57", "end": "00:08:01", "text": "are intact midterm year is not the"}, {"start": "00:07:58", "end": "00:08:03", "text": "greatest and then don't forget"}, {"start": "00:08:01", "end": "00:08:05", "text": "one of the best shows on earth the"}, {"start": "00:08:03", "end": "00:08:06", "text": "Bitcoin conference will be in Las Vegas"}, {"start": "00:08:05", "end": "00:08:08", "text": "in just three weeks weeks or so. I'm"}, {"start": "00:08:06", "end": "00:08:12", "text": "going to try to make my way down there"}, {"start": "00:08:08", "end": "00:08:15", "text": "if my back allows me to do it. But, uh,"}, {"start": "00:08:12", "end": "00:08:19", "text": "nothing's dead. Things are moving"}, {"start": "00:08:15", "end": "00:08:21", "text": "around. And again, what can you control"}, {"start": "00:08:19", "end": "00:08:22", "text": "because you sure as heck can't control"}, {"start": "00:08:21", "end": "00:08:26", "text": "everything. Just take a look at your"}, {"start": "00:08:22", "end": "00:08:28", "text": "sphere, decide what that is, and move"}, {"start": "00:08:26", "end": "00:08:30", "text": "forward. And that's it for today. So,"}, {"start": "00:08:28", "end": "00:08:31", "text": "look, if you like today's video, give it"}, {"start": "00:08:30", "end": "00:08:33", "text": "a thumbs up, consider subscribing. We"}, {"start": "00:08:31", "end": "00:08:34", "text": "talk about it's time sensitive. Now,"}, {"start": "00:08:33", "end": "00:08:37", "text": "let's get into a little Q&A onto our"}, {"start": "00:08:34", "end": "00:08:40", "text": "questions and uh we'll go from there."}, {"start": "00:08:37", "end": "00:08:43", "text": "Let's see."}, {"start": "00:08:40", "end": "00:08:45", "text": "Peace says, \"This could be our last Taco"}, {"start": "00:08:43", "end": "00:08:47", "text": "Tuesday.\" I know that people will say"}, {"start": "00:08:45", "end": "00:08:50", "text": "that uh the current administration,"}, {"start": "00:08:47", "end": "00:08:53", "text": "they'll they'll flounder and they won't"}, {"start": "00:08:50", "end": "00:08:56", "text": "uh go through with it. And uh I hope"}, {"start": "00:08:53", "end": "00:08:59", "text": "they don't because as I see it, I'm not"}, {"start": "00:08:56", "end": "00:09:01", "text": "from Iran. I know zero people in Iran. I"}, {"start": "00:08:59", "end": "00:09:03", "text": "don't know what's going on over there. I"}, {"start": "00:09:01", "end": "00:09:05", "text": "hear the news. I hear people say these"}, {"start": "00:09:03", "end": "00:09:08", "text": "things. I cannot corroborate the"}, {"start": "00:09:05", "end": "00:09:10", "text": "stories. I can only tell you what I see"}, {"start": "00:09:08", "end": "00:09:11", "text": "on social media. And who knows who's"}, {"start": "00:09:10", "end": "00:09:13", "text": "actually posting these things on social"}, {"start": "00:09:11", "end": "00:09:16", "text": "media. And the one thing that I saw"}, {"start": "00:09:13", "end": "00:09:19", "text": "that's that stood out to me is that"}, {"start": "00:09:16", "end": "00:09:20", "text": "people in Iran, civilians,"}, {"start": "00:09:19", "end": "00:09:22", "text": "people will say they're not civilians."}, {"start": "00:09:20", "end": "00:09:24", "text": "They're they're they're military. I"}, {"start": "00:09:22", "end": "00:09:28", "text": "cannot corroborate that. but they are"}, {"start": "00:09:24", "end": "00:09:32", "text": "standing around the infrastructure for"}, {"start": "00:09:28", "end": "00:09:34", "text": "uh the energy locations and for other"}, {"start": "00:09:32", "end": "00:09:37", "text": "bombing sites. And for me, when I take a"}, {"start": "00:09:34", "end": "00:09:39", "text": "look at that, I'm like, I just"}, {"start": "00:09:37", "end": "00:09:42", "text": "how do you get around that? It just"}, {"start": "00:09:39", "end": "00:09:44", "text": "doesn't make any sense to me uh for us"}, {"start": "00:09:42", "end": "00:09:45", "text": "to go in there and do those things. But"}, {"start": "00:09:44", "end": "00:09:47", "text": "uh I don't have the right I don't have"}, {"start": "00:09:45", "end": "00:09:48", "text": "all the intel. I don't have all the"}, {"start": "00:09:47", "end": "00:09:50", "text": "information. And again, I'm just telling"}, {"start": "00:09:48", "end": "00:09:53", "text": "you what I see. And that could be even"}, {"start": "00:09:50", "end": "00:09:56", "text": "wrong, especially in these days and age."}, {"start": "00:09:53", "end": "00:09:58", "text": "Who knows? I just hope that uh cooler"}, {"start": "00:09:56", "end": "00:10:01", "text": "heads prevail and we get a little bit of"}, {"start": "00:09:58", "end": "00:10:06", "text": "uh taco Trump and he just pulls it back."}, {"start": "00:10:01", "end": "00:10:08", "text": "But we'll see. All right. O just saw an"}, {"start": "00:10:06", "end": "00:10:09", "text": "hour ago that Israel has already bombed"}, {"start": "00:10:08", "end": "00:10:11", "text": "trains and bridges ahead of the"}, {"start": "00:10:09", "end": "00:10:13", "text": "deadline. We'll see if that is actually"}, {"start": "00:10:11", "end": "00:10:15", "text": "true or not."}, {"start": "00:10:13", "end": "00:10:18", "text": "And thank you, Marty. We just need to be"}, {"start": "00:10:15", "end": "00:10:20", "text": "ready for all buying opportunities. What"}, {"start": "00:10:18", "end": "00:10:23", "text": "are institutions doing? Well, as we just"}, {"start": "00:10:20", "end": "00:10:25", "text": "saw, I mean, Franklin Templeton and"}, {"start": "00:10:23", "end": "00:10:30", "text": "Morgan Stanley, they're coming in."}, {"start": "00:10:25", "end": "00:10:32", "text": "They're coming in with size. So, I"}, {"start": "00:10:30", "end": "00:10:35", "text": "relatively happy about those those two"}, {"start": "00:10:32", "end": "00:10:38", "text": "opportunities coming in."}, {"start": "00:10:35", "end": "00:10:40", "text": "I heard a rumor that Bobby's bunker is"}, {"start": "00:10:38", "end": "00:10:42", "text": "the MGM, the strip. No, that's not"}, {"start": "00:10:40", "end": "00:10:43", "text": "that's not it. I I'm still debating if"}, {"start": "00:10:42", "end": "00:10:44", "text": "I'm gonna actually make it to the"}, {"start": "00:10:43", "end": "00:10:46", "text": "Bitcoin conference. I mean, I still got"}, {"start": "00:10:44", "end": "00:10:51", "text": "family there in Vegas, so it'd be nice"}, {"start": "00:10:46", "end": "00:10:51", "text": "to go see them. But man,"}, {"start": "00:10:51", "end": "00:10:57", "text": "once you have back issues, it never goes"}, {"start": "00:10:53", "end": "00:10:57", "text": "away. Let's see."}, {"start": "00:10:57", "end": "00:11:03", "text": "Uh, Freedom is USA. I'm just waiting for"}, {"start": "00:11:01", "end": "00:11:06", "text": "my oil stocks to hit that sell limit."}, {"start": "00:11:03", "end": "00:11:08", "text": "Let's freaking go. I think, uh, if"}, {"start": "00:11:06", "end": "00:11:11", "text": "you're in those time frames, I think oil"}, {"start": "00:11:08", "end": "00:11:13", "text": "will just keep going up."}, {"start": "00:11:11", "end": "00:11:15", "text": "Iranians want freedom. I think all"}, {"start": "00:11:13", "end": "00:11:17", "text": "people want freedom."}, {"start": "00:11:15", "end": "00:11:20", "text": "Uh, United Arab Emirates is building an"}, {"start": "00:11:17", "end": "00:11:22", "text": "oil pipeline, not needing Iran. Well,"}, {"start": "00:11:20", "end": "00:11:24", "text": "they already had a pipeline actually,"}, {"start": "00:11:22", "end": "00:11:25", "text": "and we talked about this in the NFA live"}, {"start": "00:11:24", "end": "00:11:27", "text": "show. It's not just the straight of"}, {"start": "00:11:25", "end": "00:11:29", "text": "Hormuz that they're actually able to"}, {"start": "00:11:27", "end": "00:11:32", "text": "use. It's a pipeline that goes all the"}, {"start": "00:11:29", "end": "00:11:34", "text": "way uh from east to west on the other"}, {"start": "00:11:32", "end": "00:11:36", "text": "bank. So, they can use it, but they just"}, {"start": "00:11:34", "end": "00:11:39", "text": "can't move as much oil as they can in"}, {"start": "00:11:36", "end": "00:11:42", "text": "the street of Remuse."}, {"start": "00:11:39", "end": "00:11:44", "text": "How do you like How do you like HAR?"}, {"start": "00:11:42", "end": "00:11:45", "text": "I'm hoping it gets massive adoption"}, {"start": "00:11:44", "end": "00:11:48", "text": "because I have a little bag of it, but"}, {"start": "00:11:45", "end": "00:11:50", "text": "not that much."}, {"start": "00:11:48", "end": "00:11:52", "text": "The Crazy Diamond's right. I'm also I"}, {"start": "00:11:50", "end": "00:11:55", "text": "definitely dread TRDFI trying to take"}, {"start": "00:11:52", "end": "00:11:58", "text": "over crypto. Me too."}, {"start": "00:11:55", "end": "00:11:58", "text": "But um"}, {"start": "00:11:58", "end": "00:12:01", "text": "you know that's kind of like what we"}, {"start": "00:11:59", "end": "00:12:02", "text": "wanted. We wanted to like take over"}, {"start": "00:12:01", "end": "00:12:06", "text": "Tradfi"}, {"start": "00:12:02", "end": "00:12:08", "text": "and it was kind of like what uh Uber and"}, {"start": "00:12:06", "end": "00:12:11", "text": "Lyft did to the taxi companies. They"}, {"start": "00:12:08", "end": "00:12:12", "text": "never like, you know, extended an olive"}, {"start": "00:12:11", "end": "00:12:14", "text": "branch and said, \"Hey, let's work"}, {"start": "00:12:12", "end": "00:12:17", "text": "together and we can make this, you know,"}, {"start": "00:12:14", "end": "00:12:19", "text": "ride sharing thing pretty cool.\" No,"}, {"start": "00:12:17", "end": "00:12:21", "text": "they came in and just decimated the"}, {"start": "00:12:19", "end": "00:12:23", "text": "taxis"}, {"start": "00:12:21", "end": "00:12:26", "text": "with crypto and Bitcoin digital assets."}, {"start": "00:12:23", "end": "00:12:28", "text": "It's like, well, Bitcoin lost the plot"}, {"start": "00:12:26", "end": "00:12:30", "text": "on payments and no one's using it for"}, {"start": "00:12:28", "end": "00:12:32", "text": "payments. I'd like it to be seen. I"}, {"start": "00:12:30", "end": "00:12:35", "text": "think it should be, but no one's using"}, {"start": "00:12:32", "end": "00:12:39", "text": "it for payments. And that's res"}, {"start": "00:12:35", "end": "00:12:41", "text": "reflected in the uh"}, {"start": "00:12:39", "end": "00:12:43", "text": "Bitcoin faucet yesterday. We tal we"}, {"start": "00:12:41", "end": "00:12:46", "text": "covered this yesterday where if you have"}, {"start": "00:12:43", "end": "00:12:48", "text": "Bitcoin and you open up the app and Cash"}, {"start": "00:12:46", "end": "00:12:50", "text": "App and go find a local vendor and just"}, {"start": "00:12:48", "end": "00:12:52", "text": "go just go spend up to a dollar. That's"}, {"start": "00:12:50", "end": "00:12:53", "text": "it. You had all you do is just spend up"}, {"start": "00:12:52", "end": "00:12:54", "text": "a dollar. You get $25 worth with worth"}, {"start": "00:12:53", "end": "00:12:57", "text": "with worth with worth of Bitcoin. It was"}, {"start": "00:12:54", "end": "00:13:00", "text": "a nice little thing going on. And they"}, {"start": "00:12:57", "end": "00:13:02", "text": "only had a million dollars"}, {"start": "00:13:00", "end": "00:13:05", "text": "set away for that to actually give away."}, {"start": "00:13:02", "end": "00:13:07", "text": "And from what I read last night, it was"}, {"start": "00:13:05", "end": "00:13:10", "text": "pretty late, they'd only given away"}, {"start": "00:13:07", "end": "00:13:13", "text": "$250,000 worth of debt. So I thought to"}, {"start": "00:13:10", "end": "00:13:14", "text": "myself, you're telling me that you had a"}, {"start": "00:13:13", "end": "00:13:17", "text": "million dollars to give away, which"}, {"start": "00:13:14", "end": "00:13:21", "text": "isn't that much. And all Bitcoiners had"}, {"start": "00:13:17", "end": "00:13:23", "text": "to do in America wasn't all over. All"}, {"start": "00:13:21", "end": "00:13:25", "text": "the Bitcoiners had to do was just go to"}, {"start": "00:13:23", "end": "00:13:26", "text": "a vendor and just pay up to a dollar and"}, {"start": "00:13:25", "end": "00:13:30", "text": "they get $25 in Bitcoin. Well, that"}, {"start": "00:13:26", "end": "00:13:34", "text": "should go away pretty fast. Nope. Sure"}, {"start": "00:13:30", "end": "00:13:36", "text": "as heck didn't. So, Tradfi and Crypto"}, {"start": "00:13:34", "end": "00:13:38", "text": "probably merge together and it'll be"}, {"start": "00:13:36", "end": "00:13:41", "text": "some"}, {"start": "00:13:38", "end": "00:13:44", "text": "awful redheaded stepchild. It'll just be"}, {"start": "00:13:41", "end": "00:13:46", "text": "awful. But, uh hopefully it'll make some"}, {"start": "00:13:44", "end": "00:13:50", "text": "some things better. No, I'm just"}, {"start": "00:13:46", "end": "00:13:52", "text": "kidding. Let's see. Rob, Japan carry"}, {"start": "00:13:50", "end": "00:13:54", "text": "trade info is crazy. True. Let's see"}, {"start": "00:13:52", "end": "00:13:57", "text": "what happens in Japan and how they"}, {"start": "00:13:54", "end": "00:13:58", "text": "actually went out."}, {"start": "00:13:57", "end": "00:14:01", "text": "Rob, the internet picture and sound is"}, {"start": "00:13:58", "end": "00:14:03", "text": "A1 today. Yeah, look at that. Not too"}, {"start": "00:14:01", "end": "00:14:06", "text": "bad."}, {"start": "00:14:03", "end": "00:14:11", "text": "Is it your birthday? It is not. What is"}, {"start": "00:14:06", "end": "00:14:14", "text": "today? No. Be nice though."}, {"start": "00:14:11", "end": "00:14:15", "text": "Only a million dollars selling my energy"}, {"start": "00:14:14", "end": "00:14:18", "text": "bill. Oh yeah. You haven't gone to"}, {"start": "00:14:15", "end": "00:14:21", "text": "Puerto Rico and got an energy bill. That"}, {"start": "00:14:18", "end": "00:14:24", "text": "thing is like, you know, 25% of what we"}, {"start": "00:14:21", "end": "00:14:27", "text": "pay in Puerto Rico for electricity. 25%"}, {"start": "00:14:24", "end": "00:14:31", "text": "is the actual electricity cost. 75% are"}, {"start": "00:14:27", "end": "00:14:32", "text": "the fees and the add-ons and the taxes."}, {"start": "00:14:31", "end": "00:14:35", "text": "I've never lived anywhere like that."}, {"start": "00:14:32", "end": "00:14:38", "text": "It's just amazing to me. It's a good"}, {"start": "00:14:35", "end": "00:14:42", "text": "It's a good uh reason to get some solar"}, {"start": "00:14:38", "end": "00:14:42", "text": "panels, that's for sure."}, {"start": "00:14:47", "end": "00:14:50", "text": "Do you have any great Von? Yes, but of"}, {"start": "00:14:49", "end": "00:14:52", "text": "course. And that's where we should leave"}, {"start": "00:14:50", "end": "00:14:54", "text": "it right there. I think we're done with"}, {"start": "00:14:52", "end": "00:14:56", "text": "the questions. Anyhow, everybody, uh,"}, {"start": "00:14:54", "end": "00:14:58", "text": "expect a tumultuous day. We'll see what"}, {"start": "00:14:56", "end": "00:14:59", "text": "happens. Hopefully, cooler heads"}, {"start": "00:14:58", "end": "00:15:01", "text": "prevail. Thanks so much for stopping by."}, {"start": "00:14:59", "end": "00:15:03", "text": "Appreciate you. And I'll see you guys on"}, {"start": "00:15:01", "end": "00:15:06", "text": "the next one. Have a great rest of your"}, {"start": "00:15:03", "end": "00:15:06", "text": "day. Adios."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hello everybody. Welcome to the Sunday"}, {"start": "00:00:03", "end": "00:00:06", "text": "live stream. We're having some technical"}, {"start": "00:00:04", "end": "00:00:09", "text": "difficulties unfortunately. So let me"}, {"start": "00:00:06", "end": "00:00:11", "text": "know if first of all if the image that"}, {"start": "00:00:09", "end": "00:00:14", "text": "you're seeing looks glitchy. This is a"}, {"start": "00:00:11", "end": "00:00:16", "text": "new setup that we're testing out. And"}, {"start": "00:00:14", "end": "00:00:20", "text": "also how is the audio? And lastly, I'd"}, {"start": "00:00:16", "end": "00:00:23", "text": "like to see if you can actually uh see"}, {"start": "00:00:20", "end": "00:00:24", "text": "the poll that just popped up which uh"}, {"start": "00:00:23", "end": "00:00:28", "text": "asked the question, how are you"}, {"start": "00:00:24", "end": "00:00:30", "text": "investing in AI? Number one is I'm not"}, {"start": "00:00:28", "end": "00:00:32", "text": "two investing in cryptoi, three"}, {"start": "00:00:30", "end": "00:00:34", "text": "investing in AI companies, and four"}, {"start": "00:00:32", "end": "00:00:36", "text": "investing in the energy sector. So if"}, {"start": "00:00:34", "end": "00:00:38", "text": "you could just uh I don't know if you"}, {"start": "00:00:36", "end": "00:00:41", "text": "can interact with that or if you just"}, {"start": "00:00:38", "end": "00:00:43", "text": "put in one, two, three, or four and go"}, {"start": "00:00:41", "end": "00:00:45", "text": "from there. So two questions then. Uh"}, {"start": "00:00:43", "end": "00:00:48", "text": "let me know if this seems glitchy to you"}, {"start": "00:00:45", "end": "00:00:50", "text": "and second of all, let me see if you can"}, {"start": "00:00:48", "end": "00:00:53", "text": "actually answer that question as far as"}, {"start": "00:00:50", "end": "00:00:57", "text": "the poll and we can actually get uh real"}, {"start": "00:00:53", "end": "00:00:59", "text": "data coming both ways. Anyhow, Jerry is"}, {"start": "00:00:57", "end": "00:01:00", "text": "uh since we were having issues, Jerry's"}, {"start": "00:00:59", "end": "00:01:03", "text": "dropped off. We'll see if he can come"}, {"start": "00:01:00", "end": "00:01:04", "text": "back in a little bit, but right now,"}, {"start": "00:01:03", "end": "00:01:07", "text": "this is where we're at. So, let's just"}, {"start": "00:01:04", "end": "00:01:13", "text": "get into"}, {"start": "00:01:07", "end": "00:01:13", "text": "the comments or excuse me,"}, {"start": "00:01:13", "end": "00:01:19", "text": "or the actual show."}, {"start": "00:01:16", "end": "00:01:23", "text": "That's interesting."}, {"start": "00:01:19", "end": "00:01:23", "text": "And there we are. So,"}, {"start": "00:01:24", "end": "00:01:29", "text": "oh, I see. So, it looks like,"}, {"start": "00:01:27", "end": "00:01:31", "text": "so it looks like this poll that we just"}, {"start": "00:01:29", "end": "00:01:34", "text": "put in"}, {"start": "00:01:31", "end": "00:01:36", "text": "is nothing you can do with it because"}, {"start": "00:01:34", "end": "00:01:38", "text": "you can't vote on it. Like the Shaolin"}, {"start": "00:01:36", "end": "00:01:42", "text": "can put in three, but that doesn't"}, {"start": "00:01:38", "end": "00:01:44", "text": "really make a difference. Two and four."}, {"start": "00:01:42", "end": "00:01:49", "text": "Okay. So now I know that uh the company"}, {"start": "00:01:44", "end": "00:01:52", "text": "that uh runs the poll they have this is"}, {"start": "00:01:49", "end": "00:01:54", "text": "not going to work. What a bummer. Oh"}, {"start": "00:01:52", "end": "00:01:57", "text": "well. All right. Jerry, you're here. Can"}, {"start": "00:01:54", "end": "00:01:57", "text": "you hear me?"}, {"start": "00:01:58", "end": "00:02:02", "text": "H well let's see if Jerry can hear in a"}, {"start": "00:02:00", "end": "00:02:04", "text": "second. All right everybody. So"}, {"start": "00:02:02", "end": "00:02:06", "text": ">> I can. Hey everybody."}, {"start": "00:02:04", "end": "00:02:10", "text": ">> Ah great."}, {"start": "00:02:06", "end": "00:02:12", "text": ">> Hello. Let's see how you look."}, {"start": "00:02:10", "end": "00:02:14", "text": "Everybody do me a favor. It's Sunday."}, {"start": "00:02:12", "end": "00:02:18", "text": "Nothing really to nothing really too"}, {"start": "00:02:14", "end": "00:02:21", "text": "much to do. So, do I look pixelated?"}, {"start": "00:02:18", "end": "00:02:23", "text": "Does Jerry look pixelated? Or do we both"}, {"start": "00:02:21", "end": "00:02:26", "text": "look just fine as far as like uh our"}, {"start": "00:02:23", "end": "00:02:26", "text": "webcams?"}, {"start": "00:02:28", "end": "00:02:32", "text": "Man, there's a lag like today. I got to"}, {"start": "00:02:30", "end": "00:02:35", "text": "tell you, Jerry, technology is awesome"}, {"start": "00:02:32", "end": "00:02:35", "text": "when it works."}, {"start": "00:02:39", "end": "00:02:44", "text": "Okay."}, {"start": "00:02:41", "end": "00:02:49", "text": "says Jerry's pixelated."}, {"start": "00:02:44", "end": "00:02:52", "text": "Rob looks awesome. That's very rare."}, {"start": "00:02:49", "end": "00:02:55", "text": "Rob looks good because Jerry, you got"}, {"start": "00:02:52", "end": "00:02:57", "text": "that that you just showed me your your"}, {"start": "00:02:55", "end": "00:02:58", "text": "Starlink and it looks like you've got"}, {"start": "00:02:57", "end": "00:03:00", "text": "over like 200 megabytes download and"}, {"start": "00:02:58", "end": "00:03:03", "text": "like 40 upload or something like that."}, {"start": "00:03:00", "end": "00:03:06", "text": "So, you shouldn't have this issue."}, {"start": "00:03:03", "end": "00:03:07", "text": ">> I don't know if it's a bandwidth issue,"}, {"start": "00:03:06", "end": "00:03:09", "text": "Rob. There may be something going on"}, {"start": "00:03:07", "end": "00:03:11", "text": "with Streamyard."}, {"start": "00:03:09", "end": "00:03:13", "text": ">> Yeah, probably. So anyhow, I guess I'll"}, {"start": "00:03:11", "end": "00:03:14", "text": "get I get to contact Streamyard and deal"}, {"start": "00:03:13", "end": "00:03:16", "text": "with their customer service later."}, {"start": "00:03:14", "end": "00:03:19", "text": "That's not what people are here for."}, {"start": "00:03:16", "end": "00:03:22", "text": "People just want to listen to Mark Andre"}, {"start": "00:03:19", "end": "00:03:25", "text": "talk about AI and where things are"}, {"start": "00:03:22", "end": "00:03:27", "text": "going. So this was first of all, who is"}, {"start": "00:03:25", "end": "00:03:30", "text": "Mark Andre that we're talking about and"}, {"start": "00:03:27", "end": "00:03:34", "text": "it really comes down to the big killer"}, {"start": "00:03:30", "end": "00:03:35", "text": "use case for crypto. And he does nail"}, {"start": "00:03:34", "end": "00:03:37", "text": "it. But just so you know before we"}, {"start": "00:03:35", "end": "00:03:40", "text": "listen to this two-minute clip, Mark"}, {"start": "00:03:37", "end": "00:03:42", "text": "Andre, he's best known as I don't know"}, {"start": "00:03:40", "end": "00:03:43", "text": "him for this, but apparently this is"}, {"start": "00:03:42", "end": "00:03:47", "text": "what he's best known for. Co-creator of"}, {"start": "00:03:43", "end": "00:03:48", "text": "the Mosaic internet browser. I have"}, {"start": "00:03:47", "end": "00:03:50", "text": "never heard of that. I don't know about"}, {"start": "00:03:48", "end": "00:03:52", "text": "you, Jerry. Now, he was the co-founder"}, {"start": "00:03:50", "end": "00:03:54", "text": "of Netscape"}, {"start": "00:03:52", "end": "00:03:56", "text": "and that was a long time ago. I do"}, {"start": "00:03:54", "end": "00:03:59", "text": "remember that. But the big thing that I"}, {"start": "00:03:56", "end": "00:04:01", "text": "know him for is a VC. He's a venture"}, {"start": "00:03:59", "end": "00:04:03", "text": "capitalist. Andre and Horowitz manages"}, {"start": "00:04:01", "end": "00:04:06", "text": "the billions in assets and invest heavy"}, {"start": "00:04:03", "end": "00:04:08", "text": "in tech companies like AI and defense,"}, {"start": "00:04:06", "end": "00:04:10", "text": "which I got to tell you right now was a"}, {"start": "00:04:08", "end": "00:04:12", "text": "pretty good play, especially with Iran"}, {"start": "00:04:10", "end": "00:04:14", "text": "going on. But, uh, venture capitalists,"}, {"start": "00:04:12", "end": "00:04:16", "text": "they invested into small little things"}, {"start": "00:04:14", "end": "00:04:20", "text": "like Airbnb. I don't know if you guys"}, {"start": "00:04:16", "end": "00:04:22", "text": "heard of these companies. Uh, Facebook,"}, {"start": "00:04:20", "end": "00:04:24", "text": "maybe now it's called Meta. Uh,"}, {"start": "00:04:22", "end": "00:04:29", "text": "Coinbase, I've heard of that one. And,"}, {"start": "00:04:24", "end": "00:04:30", "text": "uh, Stripe. So this guy pretty much was"}, {"start": "00:04:29", "end": "00:04:33", "text": "around from the beginning of the"}, {"start": "00:04:30", "end": "00:04:35", "text": "internet and he's moving into the big"}, {"start": "00:04:33", "end": "00:04:38", "text": "play of AI and he's embracing it"}, {"start": "00:04:35", "end": "00:04:40", "text": "heavily. So Jerry, before we go on, what"}, {"start": "00:04:38", "end": "00:04:44", "text": "do you know about Mark"}, {"start": "00:04:40", "end": "00:04:47", "text": "Andre and his his little background here"}, {"start": "00:04:44", "end": "00:04:49", "text": "before we get into the the topics? So"}, {"start": "00:04:47", "end": "00:04:53", "text": "he's one of these guys very similar to"}, {"start": "00:04:49", "end": "00:04:56", "text": "Michael Sailor that saw the opportunity"}, {"start": "00:04:53", "end": "00:04:59", "text": "that the digital world presented"}, {"start": "00:04:56", "end": "00:05:02", "text": "far ahead of the majority of the"}, {"start": "00:04:59", "end": "00:05:05", "text": "population. Right? I remember Mosaic as"}, {"start": "00:05:02", "end": "00:05:07", "text": "a browser prior to Netscape. This was"}, {"start": "00:05:05", "end": "00:05:11", "text": "back"}, {"start": "00:05:07", "end": "00:05:13", "text": "um as AW uh America Online was was"}, {"start": "00:05:11", "end": "00:05:16", "text": "trying to create its own complete"}, {"start": "00:05:13", "end": "00:05:22", "text": "ecosystem with its own browser. Mosaic"}, {"start": "00:05:16", "end": "00:05:27", "text": "was in that world. Um, this guy just got"}, {"start": "00:05:22", "end": "00:05:31", "text": "the the transition from 3D analog"}, {"start": "00:05:27", "end": "00:05:36", "text": "textile elements to digital and he's"}, {"start": "00:05:31", "end": "00:05:38", "text": "ridden that wave ever since. A A16 is"}, {"start": "00:05:36", "end": "00:05:41", "text": "one of the most successful venture"}, {"start": "00:05:38", "end": "00:05:42", "text": "capper firms in Silicon Valley."}, {"start": "00:05:41", "end": "00:05:44", "text": ">> That's saying something because there's"}, {"start": "00:05:42", "end": "00:05:46", "text": "a ton of them. So"}, {"start": "00:05:44", "end": "00:05:49", "text": ">> yeah, that is interesting. So I guess we"}, {"start": "00:05:46", "end": "00:05:52", "text": "could just say that and Mark's a"}, {"start": "00:05:49", "end": "00:05:55", "text": "fairly intelligent guy. So when he talks"}, {"start": "00:05:52", "end": "00:05:57", "text": "about the killer app and it's crypto and"}, {"start": "00:05:55", "end": "00:06:00", "text": "he's talking about AI, I mean, just"}, {"start": "00:05:57", "end": "00:06:01", "text": "think about how far AI has gone and"}, {"start": "00:06:00", "end": "00:06:04", "text": "where we're actually kind of"}, {"start": "00:06:01", "end": "00:06:07", "text": "intersecting with our crypto and digital"}, {"start": "00:06:04", "end": "00:06:09", "text": "assets. So just take a listen to to this"}, {"start": "00:06:07", "end": "00:06:12", "text": "uh I guess only a minute and a half or"}, {"start": "00:06:09", "end": "00:06:13", "text": "so and then we'll uh we'll go on from"}, {"start": "00:06:12", "end": "00:06:15", "text": "there. So here we go."}, {"start": "00:06:13", "end": "00:06:16", "text": ">> I forget my internet history who said"}, {"start": "00:06:15", "end": "00:06:18", "text": "that like the biggest mistake that we"}, {"start": "00:06:16", "end": "00:06:18", "text": "didn't figure out in the early days was"}, {"start": "00:06:18", "end": "00:06:19", "text": "payments."}, {"start": "00:06:18", "end": "00:06:19", "text": ">> Yes."}, {"start": "00:06:19", "end": "00:06:22", "text": ">> Is that you?"}, {"start": "00:06:19", "end": "00:06:23", "text": ">> Yes. 402 402 payment required."}, {"start": "00:06:22", "end": "00:06:24", "text": ">> We have a chance now. [clears throat]"}, {"start": "00:06:23", "end": "00:06:25", "text": ">> I don't think we're going to figure it"}, {"start": "00:06:24", "end": "00:06:25", "text": "out. I don't know. Like what's your"}, {"start": "00:06:25", "end": "00:06:27", "text": "take?"}, {"start": "00:06:25", "end": "00:06:28", "text": ">> Oh, I think we will. Yeah. No. Now I"}, {"start": "00:06:27", "end": "00:06:29", "text": "think it's going to happen for sure."}, {"start": "00:06:28", "end": "00:06:30", "text": ">> Yeah. And there's two reasons it's going"}, {"start": "00:06:29", "end": "00:06:31", "text": "to happen for sure. One is we actually"}, {"start": "00:06:30", "end": "00:06:33", "text": "have internet native money now in the"}, {"start": "00:06:31", "end": "00:06:34", "text": "form of crypto stable coins in crypto."}, {"start": "00:06:33", "end": "00:06:37", "text": "And this is I I think this is the grand"}, {"start": "00:06:34", "end": "00:06:38", "text": "unification basically of AI crypto is"}, {"start": "00:06:37", "end": "00:06:40", "text": "what's about to happen now. Um I think"}, {"start": "00:06:38", "end": "00:06:41", "text": "AI is the crypto killer app. I think is"}, {"start": "00:06:40", "end": "00:06:43", "text": "where where this is really going to come"}, {"start": "00:06:41", "end": "00:06:44", "text": "out. Um, and then the other is just I"}, {"start": "00:06:43", "end": "00:06:46", "text": "mean it's just I think it's now obvious."}, {"start": "00:06:44", "end": "00:06:48", "text": "It's like obviously AI agents are going"}, {"start": "00:06:46", "end": "00:06:49", "text": "to need money and it's already"}, {"start": "00:06:48", "end": "00:06:50", "text": "happening, right? If you've got a if you"}, {"start": "00:06:49", "end": "00:06:52", "text": "got a claw and you want it to buy things"}, {"start": "00:06:50", "end": "00:06:52", "text": "for you, you have to give it money in"}, {"start": "00:06:52", "end": "00:06:53", "text": "some form."}, {"start": "00:06:52", "end": "00:06:56", "text": ">> I would say the adoption is probably"}, {"start": "00:06:53", "end": "00:06:58", "text": "like 0.1% if if that. But yeah,"}, {"start": "00:06:56", "end": "00:06:59", "text": ">> today Yeah. Yeah. Yeah. But think"}, {"start": "00:06:58", "end": "00:06:59", "text": "forward like where is it going"}, {"start": "00:06:59", "end": "00:07:01", "text": ">> forward thinking?"}, {"start": "00:06:59", "end": "00:07:03", "text": ">> The ultimate principle of everything and"}, {"start": "00:07:01", "end": "00:07:04", "text": "everything that I think I we we do is"}, {"start": "00:07:03", "end": "00:07:05", "text": "the William Gibson which is the future"}, {"start": "00:07:04", "end": "00:07:07", "text": "is already here. It just isn't"}, {"start": "00:07:05", "end": "00:07:09", "text": "distributed"}, {"start": "00:07:07", "end": "00:07:10", "text": "isn't distributed yet. my friends who"}, {"start": "00:07:09", "end": "00:07:12", "text": "are the most aggressive use users of of"}, {"start": "00:07:10", "end": "00:07:15", "text": "of OpenClaw just like have given their"}, {"start": "00:07:12", "end": "00:07:16", "text": "claws bank accounts and credit cards and"}, {"start": "00:07:15", "end": "00:07:18", "text": "and and and not only have they done it,"}, {"start": "00:07:16", "end": "00:07:19", "text": "it's obvious that they needed to do it"}, {"start": "00:07:18", "end": "00:07:20", "text": "because it's obvious that they needed to"}, {"start": "00:07:19", "end": "00:07:21", "text": "be able to spend money on"}, {"start": "00:07:20", "end": "00:07:22", "text": ">> Yeah. Yeah."}, {"start": "00:07:21", "end": "00:07:24", "text": ">> It's just completely obvious and so and"}, {"start": "00:07:22", "end": "00:07:25", "text": "again like so the number of people who"}, {"start": "00:07:24", "end": "00:07:26", "text": "have done that today to your point is"}, {"start": "00:07:25", "end": "00:07:27", "text": "like I don't know probably 5,000 or"}, {"start": "00:07:26", "end": "00:07:28", "text": "something but"}, {"start": "00:07:27", "end": "00:07:29", "text": ">> it'll grow."}, {"start": "00:07:28", "end": "00:07:30", "text": ">> That's how these things start"}, {"start": "00:07:29", "end": "00:07:30", "text": ">> actually. I mean, since uh you keep"}, {"start": "00:07:30", "end": "00:07:32", "text": "mentioning,"}, {"start": "00:07:30", "end": "00:07:32", "text": ">> and by the way, OpenCloud, by the way,"}, {"start": "00:07:32", "end": "00:07:34", "text": "if you don't give it a bank account,"}, {"start": "00:07:32", "end": "00:07:34", "text": "it's just going to break into your"}, {"start": "00:07:34", "end": "00:07:36", "text": "[laughter]"}, {"start": "00:07:34", "end": "00:07:38", "text": ">> It's going to be pretty it's going to"}, {"start": "00:07:36", "end": "00:07:39", "text": "break into your bank account anyway and"}, {"start": "00:07:38", "end": "00:07:40", "text": "take your money. So, you might as you"}, {"start": "00:07:39", "end": "00:07:41", "text": "might as well do it. You might as well"}, {"start": "00:07:40", "end": "00:07:43", "text": "do it."}, {"start": "00:07:41", "end": "00:07:45", "text": ">> So, yeah, before we we move on, that was"}, {"start": "00:07:43", "end": "00:07:47", "text": "it's an interesting piece where you said"}, {"start": "00:07:45", "end": "00:07:50", "text": "like, you know, we're 0.1% there. And I"}, {"start": "00:07:47", "end": "00:07:52", "text": "hate to say this this term. I know"}, {"start": "00:07:50", "end": "00:07:54", "text": "people I mean, it's true, though. We"}, {"start": "00:07:52", "end": "00:07:56", "text": "really are early. I know people say,"}, {"start": "00:07:54", "end": "00:07:59", "text": "\"No, we're not early because Bitcoins"}, {"start": "00:07:56", "end": "00:08:03", "text": "are this big.\" moving past that. I think"}, {"start": "00:07:59", "end": "00:08:05", "text": "that we are so super early here and to"}, {"start": "00:08:03", "end": "00:08:07", "text": "actually get this like for here's a"}, {"start": "00:08:05", "end": "00:08:08", "text": "question for everybody in in the chats."}, {"start": "00:08:07", "end": "00:08:11", "text": "How many of you you have heard of"}, {"start": "00:08:08", "end": "00:08:14", "text": "OpenClaw? How many of you are using"}, {"start": "00:08:11", "end": "00:08:16", "text": "OpenClaw? How many of you have no idea"}, {"start": "00:08:14", "end": "00:08:19", "text": "what I'm talking about as far as with"}, {"start": "00:08:16", "end": "00:08:22", "text": "just an autonomous AI agent? So, just"}, {"start": "00:08:19", "end": "00:08:25", "text": "take that and what Mark Andre just"}, {"start": "00:08:22", "end": "00:08:27", "text": "talked about. I gotta tell you, moving"}, {"start": "00:08:25", "end": "00:08:29", "text": "forward, this will be a big thing, but"}, {"start": "00:08:27", "end": "00:08:30", "text": "there'll be so many different changes"}, {"start": "00:08:29", "end": "00:08:32", "text": "that are going on. So, if we're looking"}, {"start": "00:08:30", "end": "00:08:33", "text": "for like, you know, people say, \"Ah,"}, {"start": "00:08:32", "end": "00:08:36", "text": "this, you know, the crypto space sucks"}, {"start": "00:08:33", "end": "00:08:37", "text": "and if the money is not going up and or"}, {"start": "00:08:36", "end": "00:08:39", "text": "the numbers not going up, which is"}, {"start": "00:08:37", "end": "00:08:43", "text": "usually what people complain about, I"}, {"start": "00:08:39", "end": "00:08:45", "text": "get it. But nobody ever really made any"}, {"start": "00:08:43", "end": "00:08:46", "text": "types of gains being late. They always"}, {"start": "00:08:45", "end": "00:08:49", "text": "make the gains being early. And"}, {"start": "00:08:46", "end": "00:08:50", "text": "unfortunately, being early sucks because"}, {"start": "00:08:49", "end": "00:08:53", "text": "you have to play the hard game. And if"}, {"start": "00:08:50", "end": "00:08:54", "text": "it was easy, everybody would do it.\" So,"}, {"start": "00:08:53", "end": "00:08:56", "text": "uh, Jerry, sorry I had to I had to mute"}, {"start": "00:08:54", "end": "00:08:58", "text": "you for a second. I heard a some dogs"}, {"start": "00:08:56", "end": "00:09:00", "text": "barking, I think. So, uh, what did you"}, {"start": "00:08:58", "end": "00:09:04", "text": "what do you think there? [snorts]"}, {"start": "00:09:00", "end": "00:09:06", "text": ">> So, I agree and and not just in"}, {"start": "00:09:04", "end": "00:09:09", "text": "principle, we're actually like a compute"}, {"start": "00:09:06", "end": "00:09:12", "text": "portal doing something about it. We're"}, {"start": "00:09:09", "end": "00:09:14", "text": "working on a completely agentic"}, {"start": "00:09:12", "end": "00:09:18", "text": "economy in the back end of our platform"}, {"start": "00:09:14", "end": "00:09:21", "text": "to allow agents to buy their own compute"}, {"start": "00:09:18", "end": "00:09:26", "text": "using the three specified digital assets"}, {"start": "00:09:21", "end": "00:09:27", "text": "that we will accept. Bitcoin"}, {"start": "00:09:26", "end": "00:09:30", "text": "base"}, {"start": "00:09:27", "end": "00:09:31", "text": "and Cardano. So, anything on the base"}, {"start": "00:09:30", "end": "00:09:36", "text": "platform, anything on the Cardano"}, {"start": "00:09:31", "end": "00:09:37", "text": "platform, anything that is Bitcoin,"}, {"start": "00:09:36", "end": "00:09:40", "text": "Lightning or otherwise. So, we're"}, {"start": "00:09:37", "end": "00:09:43", "text": "working on an agent that will actually"}, {"start": "00:09:40", "end": "00:09:46", "text": "accept payment from other agents as long"}, {"start": "00:09:43", "end": "00:09:48", "text": "as those agents are registered with the"}, {"start": "00:09:46", "end": "00:09:54", "text": "user account on the platform. That's"}, {"start": "00:09:48", "end": "00:09:57", "text": "kind of our early version of KYC."}, {"start": "00:09:54", "end": "00:09:59", "text": ">> Gotcha. So, talk to me about this is the"}, {"start": "00:09:57", "end": "00:10:02", "text": "thing that kind of concerns me is Bass."}, {"start": "00:09:59", "end": "00:10:03", "text": "And if we take a look at Visa, their"}, {"start": "00:10:02", "end": "00:10:05", "text": "onchain analytics, I like to always take"}, {"start": "00:10:03", "end": "00:10:07", "text": "a look at it. It's always interesting to"}, {"start": "00:10:05", "end": "00:10:09", "text": "me that the beast attracts this, but the"}, {"start": "00:10:07", "end": "00:10:10", "text": "whole thesis for me is we're talking"}, {"start": "00:10:09", "end": "00:10:13", "text": "about payments and the rails, it's"}, {"start": "00:10:10", "end": "00:10:15", "text": "always Tether and USDC and the rails for"}, {"start": "00:10:13", "end": "00:10:19", "text": "them are Binance, Ethereum, Salana,"}, {"start": "00:10:15", "end": "00:10:21", "text": "Tron. But as I take a look at this and"}, {"start": "00:10:19", "end": "00:10:23", "text": "zoom in a little bit, I can see that"}, {"start": "00:10:21", "end": "00:10:26", "text": "Bass"}, {"start": "00:10:23", "end": "00:10:31", "text": "is actually taking up a heavy amount of"}, {"start": "00:10:26", "end": "00:10:34", "text": "the transaction count by blockchain. And"}, {"start": "00:10:31", "end": "00:10:37", "text": "if that's the case, uh, Coinbase, which"}, {"start": "00:10:34", "end": "00:10:40", "text": "is the owner of Bass, stands to be have"}, {"start": "00:10:37", "end": "00:10:43", "text": "a huge windfall, especially with with"}, {"start": "00:10:40", "end": "00:10:46", "text": "AI. Now, the downfall for Bass is that"}, {"start": "00:10:43", "end": "00:10:48", "text": "there's no token for that. That is just"}, {"start": "00:10:46", "end": "00:10:51", "text": "Coinbase and that's it. It's a layer 2"}, {"start": "00:10:48", "end": "00:10:53", "text": "solution onto Ethereum. So, Jerry, just"}, {"start": "00:10:51", "end": "00:10:55", "text": "real quick, why did you guys decide to"}, {"start": "00:10:53", "end": "00:10:58", "text": "use Bass as opposed to the other ones"}, {"start": "00:10:55", "end": "00:11:00", "text": "that we just talked about?"}, {"start": "00:10:58", "end": "00:11:04", "text": "because of the infrastructure spend from"}, {"start": "00:11:00", "end": "00:11:07", "text": "Coinbase on the platform, right? There"}, {"start": "00:11:04", "end": "00:11:09", "text": "is a just picture this, there's a huge"}, {"start": "00:11:07", "end": "00:11:12", "text": "bank account behind that platform that's"}, {"start": "00:11:09", "end": "00:11:14", "text": "going to fund development and"}, {"start": "00:11:12", "end": "00:11:18", "text": "infrastructure pick and shovel type"}, {"start": "00:11:14", "end": "00:11:21", "text": "elements for businesses like mine to be"}, {"start": "00:11:18", "end": "00:11:23", "text": "able to extract that infrastructure"}, {"start": "00:11:21", "end": "00:11:26", "text": "value without spending the dollars"}, {"start": "00:11:23", "end": "00:11:29", "text": "ourselves in development."}, {"start": "00:11:26", "end": "00:11:31", "text": "So let Coinbase spend the money to"}, {"start": "00:11:29", "end": "00:11:32", "text": "develop the rails and we just plug into"}, {"start": "00:11:31", "end": "00:11:34", "text": "it."}, {"start": "00:11:32", "end": "00:11:36", "text": ">> Ah, I gotcha. So this would be the"}, {"start": "00:11:34", "end": "00:11:38", "text": "difference between like uh business"}, {"start": "00:11:36", "end": "00:11:41", "text": "verse investor. As a business, you're"}, {"start": "00:11:38", "end": "00:11:42", "text": "like base makes sense. As an investor,"}, {"start": "00:11:41", "end": "00:11:44", "text": "as a crypto digital asset investor,"}, {"start": "00:11:42", "end": "00:11:45", "text": "you're like, well, that's just how it"}, {"start": "00:11:44", "end": "00:11:47", "text": "is,"}, {"start": "00:11:45", "end": "00:11:49", "text": ">> right? Exactly. So don't worry about"}, {"start": "00:11:47", "end": "00:11:51", "text": "investing in base. Invest in compute"}, {"start": "00:11:49", "end": "00:11:53", "text": "portal."}, {"start": "00:11:51", "end": "00:11:56", "text": ">> Yeah, exactly. Everybody, just invest in"}, {"start": "00:11:53", "end": "00:11:58", "text": "a compute portal. So Jerry, where's the"}, {"start": "00:11:56", "end": "00:12:00", "text": "where's the website that that that they"}, {"start": "00:11:58", "end": "00:12:02", "text": "can invest into? Computeportal."}, {"start": "00:12:00", "end": "00:12:03", "text": ">> It's computeportal.io,"}, {"start": "00:12:02", "end": "00:12:04", "text": "right? Right underneath my little name"}, {"start": "00:12:03", "end": "00:12:05", "text": "there."}, {"start": "00:12:04", "end": "00:12:07", "text": ">> Ah,"}, {"start": "00:12:05", "end": "00:12:10", "text": ">> go register for an account, everybody."}, {"start": "00:12:07", "end": "00:12:11", "text": ">> Yeah. So everybody, if you're forget"}, {"start": "00:12:10", "end": "00:12:14", "text": "crypto, just put everything in"}, {"start": "00:12:11", "end": "00:12:17", "text": "computal.io. Have have at it. And"}, {"start": "00:12:14", "end": "00:12:21", "text": "Jerry's got Bass and Cardano and"}, {"start": "00:12:17", "end": "00:12:26", "text": "Bitcoin. So there you go. Have at it. So"}, {"start": "00:12:21", "end": "00:12:28", "text": "anyhow, so with that being said,"}, {"start": "00:12:26", "end": "00:12:30", "text": "as far as like stable coins go, I just"}, {"start": "00:12:28", "end": "00:12:33", "text": "find it interesting that we're going"}, {"start": "00:12:30", "end": "00:12:35", "text": "that in that direction. Now, moving"}, {"start": "00:12:33", "end": "00:12:37", "text": "forward, uh it's anybody's guess, but"}, {"start": "00:12:35", "end": "00:12:39", "text": "maybe Bass is the one that's going to"}, {"start": "00:12:37", "end": "00:12:42", "text": "take over everything. But as a reminder,"}, {"start": "00:12:39", "end": "00:12:44", "text": "Bass is a layer 2 solution. So my I I"}, {"start": "00:12:42", "end": "00:12:46", "text": "guess my last question is before we get"}, {"start": "00:12:44", "end": "00:12:48", "text": "to the wrench attack information, which"}, {"start": "00:12:46", "end": "00:12:50", "text": "is kind of important,"}, {"start": "00:12:48", "end": "00:12:52", "text": "Jerry, do you think that Bass could just"}, {"start": "00:12:50", "end": "00:12:53", "text": "shove off and just say, you know, we're"}, {"start": "00:12:52", "end": "00:12:54", "text": "not going to be a layer two anymore."}, {"start": "00:12:53", "end": "00:12:56", "text": "We're just going to be a layer one and"}, {"start": "00:12:54", "end": "00:13:00", "text": "we're going to do away with Ethereum and"}, {"start": "00:12:56", "end": "00:13:03", "text": "just be a centralized private blockchain"}, {"start": "00:13:00", "end": "00:13:05", "text": "because why not?"}, {"start": "00:13:03", "end": "00:13:06", "text": ">> Absolutely."}, {"start": "00:13:05", "end": "00:13:08", "text": ">> Yeah."}, {"start": "00:13:06", "end": "00:13:12", "text": ">> Absolutely."}, {"start": "00:13:08", "end": "00:13:12", "text": ">> So if they do"}, {"start": "00:13:12", "end": "00:13:17", "text": "in base that"}, {"start": "00:13:17", "end": "00:13:24", "text": "abs that absolutely under every"}, {"start": "00:13:21", "end": "00:13:27", "text": "circumstances requires them to stay."}, {"start": "00:13:24", "end": "00:13:29", "text": "It's they're the same principle of why"}, {"start": "00:13:27", "end": "00:13:33", "text": "compute portal would want to use base is"}, {"start": "00:13:29", "end": "00:13:33", "text": "the reason Bass wanted to use Ethereum."}, {"start": "00:13:34", "end": "00:13:38", "text": ">> Am I not coming through?"}, {"start": "00:13:36", "end": "00:13:40", "text": ">> Yeah. Say that again. It's the reason"}, {"start": "00:13:38", "end": "00:13:42", "text": "why Bass wanted to use Ethereum."}, {"start": "00:13:40", "end": "00:13:45", "text": ">> The same reason Compute Portal was using"}, {"start": "00:13:42", "end": "00:13:47", "text": "Bass because of their spend in"}, {"start": "00:13:45", "end": "00:13:50", "text": "infrastructure is the reason why Bass"}, {"start": "00:13:47", "end": "00:13:52", "text": "used Ethereum."}, {"start": "00:13:50", "end": "00:13:54", "text": ">> Ah the infrastructure. Yeah."}, {"start": "00:13:52", "end": "00:13:58", "text": ">> Yeah. And can they go off can they can"}, {"start": "00:13:54", "end": "00:14:01", "text": "they uh have their own validation"}, {"start": "00:13:58", "end": "00:14:04", "text": "network? Absolutely 100%."}, {"start": "00:14:01", "end": "00:14:06", "text": "It's just cheaper to use Ethereum's"}, {"start": "00:14:04", "end": "00:14:09", "text": "validation"}, {"start": "00:14:06", "end": "00:14:11", "text": "network now, but I could easily see them"}, {"start": "00:14:09", "end": "00:14:15", "text": "doing something different in the future."}, {"start": "00:14:11", "end": "00:14:18", "text": "There's uh yeah, I'll leave it at that."}, {"start": "00:14:15", "end": "00:14:22", "text": ">> Yeah, I think it'll be interesting"}, {"start": "00:14:18", "end": "00:14:26", "text": "as we start to get to centralized chains"}, {"start": "00:14:22", "end": "00:14:28", "text": "and that's what uh Bass decides to do. I"}, {"start": "00:14:26", "end": "00:14:30", "text": "mean, look,"}, {"start": "00:14:28", "end": "00:14:32", "text": "Binance chain is pretty centralized,"}, {"start": "00:14:30", "end": "00:14:33", "text": "even though people say it's it's"}, {"start": "00:14:32", "end": "00:14:35", "text": "decentralized."}, {"start": "00:14:33", "end": "00:14:37", "text": "Um, just that you can kind of invest in"}, {"start": "00:14:35", "end": "00:14:38", "text": "that. With Bass, you really can't and"}, {"start": "00:14:37", "end": "00:14:41", "text": "they'll just kind of hold it. It'd be"}, {"start": "00:14:38", "end": "00:14:43", "text": "like it'd be like the JP Morgan coin,"}, {"start": "00:14:41", "end": "00:14:45", "text": "you know? Why would everybody invest in"}, {"start": "00:14:43", "end": "00:14:46", "text": "that? Well, if they want to do that just"}, {"start": "00:14:45", "end": "00:14:48", "text": "for like the rails. So, maybe it just"}, {"start": "00:14:46", "end": "00:14:50", "text": "kind of screws every just kind of"}, {"start": "00:14:48", "end": "00:14:52", "text": "squeezes out all the investors and then"}, {"start": "00:14:50", "end": "00:14:56", "text": "they just say, \"Well, sorry. That's"}, {"start": "00:14:52", "end": "00:14:58", "text": "pretty much how it is.\" So, uh, god"}, {"start": "00:14:56", "end": "00:15:00", "text": "damn, that was depressing. Jared, I got"}, {"start": "00:14:58", "end": "00:15:02", "text": "to tell you, that was a depressing"}, {"start": "00:15:00", "end": "00:15:04", "text": "conversation we just had that just went"}, {"start": "00:15:02", "end": "00:15:06", "text": "back. So, everybody"}, {"start": "00:15:04", "end": "00:15:08", "text": ">> No, it's okay. I mean it's makes you"}, {"start": "00:15:06", "end": "00:15:11", "text": "think that uh"}, {"start": "00:15:08", "end": "00:15:14", "text": "if if that comes down and base goes in"}, {"start": "00:15:11", "end": "00:15:19", "text": "that direction. We have a centralized"}, {"start": "00:15:14", "end": "00:15:21", "text": "ledger which is pretty much could pretty"}, {"start": "00:15:19", "end": "00:15:23", "text": "much be part for the course and people"}, {"start": "00:15:21", "end": "00:15:24", "text": "could just start using that and people"}, {"start": "00:15:23", "end": "00:15:26", "text": "who talk about ah well it's not"}, {"start": "00:15:24", "end": "00:15:30", "text": "decentralized they'll still use it"}, {"start": "00:15:26", "end": "00:15:31", "text": "because they just have no other choice."}, {"start": "00:15:30", "end": "00:15:33", "text": "Anyhow let me know what you think about"}, {"start": "00:15:31", "end": "00:15:35", "text": "that in the comments section. Let's go"}, {"start": "00:15:33", "end": "00:15:40", "text": "into something even more depressing,"}, {"start": "00:15:35", "end": "00:15:42", "text": "stick with me. This ought to be fun. So,"}, {"start": "00:15:40", "end": "00:15:44", "text": "wrench attacks."}, {"start": "00:15:42", "end": "00:15:46", "text": "Uh, everybody who owns Bitcoin, any kind"}, {"start": "00:15:44", "end": "00:15:49", "text": "of crypto, whatever else, if you've used"}, {"start": "00:15:46", "end": "00:15:51", "text": "an exchange or if you use any of these"}, {"start": "00:15:49", "end": "00:15:54", "text": "like Door Dash types of things, uh,"}, {"start": "00:15:51", "end": "00:15:58", "text": "you're susceptible to being robbed. This"}, {"start": "00:15:54", "end": "00:16:00", "text": "actually was an older story that just"}, {"start": "00:15:58", "end": "00:16:03", "text": "came across my desk right now. This was"}, {"start": "00:16:00", "end": "00:16:05", "text": "put out by Bitcoin News. Delivery app"}, {"start": "00:16:03", "end": "00:16:08", "text": "data breach linked to targeted robberies"}, {"start": "00:16:05", "end": "00:16:10", "text": "of Bitcoin holders."}, {"start": "00:16:08", "end": "00:16:13", "text": "A violent crime ring allegedly used"}, {"start": "00:16:10", "end": "00:16:16", "text": "hacked Door Dash and other delivery app"}, {"start": "00:16:13", "end": "00:16:18", "text": "data to identify and target wealthy"}, {"start": "00:16:16", "end": "00:16:21", "text": "crypto holders in the Bay Area and Los"}, {"start": "00:16:18", "end": "00:16:24", "text": "Angeles. Suspects posed as delivery"}, {"start": "00:16:21", "end": "00:16:27", "text": "drivers arrive with real orders victims"}, {"start": "00:16:24", "end": "00:16:30", "text": "had just placed before carrying out"}, {"start": "00:16:27", "end": "00:16:32", "text": "armed robberies. First of all, when I"}, {"start": "00:16:30", "end": "00:16:35", "text": "read this, I'm like, how the heck did"}, {"start": "00:16:32", "end": "00:16:38", "text": "they were they able to know? I"}, {"start": "00:16:35", "end": "00:16:40", "text": "understand if they actually hacked into"}, {"start": "00:16:38", "end": "00:16:42", "text": "the app for Door Dash, but how did they"}, {"start": "00:16:40", "end": "00:16:45", "text": "know that they were crypto holders?"}, {"start": "00:16:42", "end": "00:16:47", "text": "Here's how they did it. So, there was"}, {"start": "00:16:45", "end": "00:16:50", "text": "two things they did. They identified"}, {"start": "00:16:47", "end": "00:16:52", "text": "crypto holders, the who many victims had"}, {"start": "00:16:50", "end": "00:16:55", "text": "publicly known or semi-public crypto"}, {"start": "00:16:52", "end": "00:16:57", "text": "holdings. In one San Francisco case,"}, {"start": "00:16:55", "end": "00:16:59", "text": "accompllices on a phone call during the"}, {"start": "00:16:57", "end": "00:17:01", "text": "robbery already knew about the 10"}, {"start": "00:16:59", "end": "00:17:03", "text": "million in Bitcoin on the victim's"}, {"start": "00:17:01", "end": "00:17:04", "text": "laptop because it was publicly"}, {"start": "00:17:03", "end": "00:17:07", "text": "associated with him. And that's one of"}, {"start": "00:17:04", "end": "00:17:09", "text": "the things we talked about yesterday as"}, {"start": "00:17:07", "end": "00:17:11", "text": "far as laundering and it was kind of"}, {"start": "00:17:09", "end": "00:17:14", "text": "more difficult. But if you send somebody"}, {"start": "00:17:11", "end": "00:17:16", "text": "your Bitcoin address, all they got to do"}, {"start": "00:17:14", "end": "00:17:18", "text": "is just go to a scanner and they can see"}, {"start": "00:17:16", "end": "00:17:20", "text": "how much Bitcoin you actually have."}, {"start": "00:17:18", "end": "00:17:24", "text": "Which is why it's a good idea to not"}, {"start": "00:17:20", "end": "00:17:26", "text": "have just one Bitcoin address. So"}, {"start": "00:17:24", "end": "00:17:28", "text": "because of this,"}, {"start": "00:17:26", "end": "00:17:30", "text": "these guys figured out who had so much"}, {"start": "00:17:28", "end": "00:17:33", "text": "Bitcoin or whatever else crypto they"}, {"start": "00:17:30", "end": "00:17:35", "text": "had. Criminal networks often source"}, {"start": "00:17:33", "end": "00:17:38", "text": "initial leads from leaked databases like"}, {"start": "00:17:35", "end": "00:17:42", "text": "crypto exchanges, Coinbase,"}, {"start": "00:17:38", "end": "00:17:44", "text": "tax portfolio tools like Coin Tracker,"}, {"start": "00:17:42", "end": "00:17:46", "text": "public mention, social media, onchain"}, {"start": "00:17:44", "end": "00:17:48", "text": "analysis that flags addresses linked to"}, {"start": "00:17:46", "end": "00:17:50", "text": "real world identities, and then word of"}, {"start": "00:17:48", "end": "00:17:52", "text": "mouth or purchase intel within criminal"}, {"start": "00:17:50", "end": "00:17:54", "text": "circles via Telegram or the dark web."}, {"start": "00:17:52", "end": "00:17:55", "text": "And the thing is about this is that"}, {"start": "00:17:54", "end": "00:17:58", "text": "we're just talking about AI and how"}, {"start": "00:17:55", "end": "00:18:01", "text": "great it is. What you want to bet that"}, {"start": "00:17:58", "end": "00:18:02", "text": "they can use AI and these bots to"}, {"start": "00:18:01", "end": "00:18:06", "text": "disseminate all this information and go,"}, {"start": "00:18:02", "end": "00:18:08", "text": "\"Oh, Jerry's got this much Bitcoin. He's"}, {"start": "00:18:06", "end": "00:18:11", "text": "got this much Cardano. Where can I find"}, {"start": "00:18:08", "end": "00:18:13", "text": "his address? Ah, well, he uses this this"}, {"start": "00:18:11", "end": "00:18:15", "text": "app that we can use. Let me just go over"}, {"start": "00:18:13", "end": "00:18:17", "text": "and beat the living tar out of Jerry and"}, {"start": "00:18:15", "end": "00:18:19", "text": "get all his crypto.\" So, that's the"}, {"start": "00:18:17", "end": "00:18:21", "text": "first way they did it, right? That's how"}, {"start": "00:18:19", "end": "00:18:23", "text": "they found the crypto. And then they got"}, {"start": "00:18:21", "end": "00:18:26", "text": "the physical address and delivery intel"}, {"start": "00:18:23", "end": "00:18:27", "text": "from the Door Dash. They use password"}, {"start": "00:18:26", "end": "00:18:29", "text": "spraying with credentials leak from"}, {"start": "00:18:27", "end": "00:18:31", "text": "familiar data breaches. Victims often"}, {"start": "00:18:29", "end": "00:18:35", "text": "reuse passwords. So a compromised email"}, {"start": "00:18:31", "end": "00:18:37", "text": "password combo let them in with access."}, {"start": "00:18:35", "end": "00:18:39", "text": "They then saw the home delivery address"}, {"start": "00:18:37", "end": "00:18:41", "text": "order history and habits. And in some"}, {"start": "00:18:39", "end": "00:18:44", "text": "cases they actually planted malware on"}, {"start": "00:18:41", "end": "00:18:47", "text": "the victim's apps. So because of that,"}, {"start": "00:18:44", "end": "00:18:49", "text": "people in San Francisco had people come"}, {"start": "00:18:47", "end": "00:18:52", "text": "in and there was, and this is where it"}, {"start": "00:18:49", "end": "00:18:54", "text": "gets really bad,"}, {"start": "00:18:52", "end": "00:18:56", "text": "uh, they posed as Door Dash drivers or"}, {"start": "00:18:54", "end": "00:18:58", "text": "UPS. They built trust. Victims open the"}, {"start": "00:18:56", "end": "00:19:01", "text": "door expecting the food or package. Hey,"}, {"start": "00:18:58", "end": "00:19:04", "text": "my coffee's here. Once inside, they turn"}, {"start": "00:19:01", "end": "00:19:07", "text": "violent. Guns, zip ties, threats to cut"}, {"start": "00:19:04", "end": "00:19:09", "text": "off fingers, demands for wallet access,"}, {"start": "00:19:07", "end": "00:19:12", "text": "seed phrases, or transfers. Now, I don't"}, {"start": "00:19:09", "end": "00:19:13", "text": "know how much was actually lost in all"}, {"start": "00:19:12", "end": "00:19:15", "text": "these different things that happened"}, {"start": "00:19:13", "end": "00:19:17", "text": "over the last so many months, but in"}, {"start": "00:19:15", "end": "00:19:19", "text": "Sunnyale, you had a fake Starbucks"}, {"start": "00:19:17", "end": "00:19:22", "text": "coffee via Door Dash. San Francisco,"}, {"start": "00:19:19", "end": "00:19:24", "text": "unsolicited pizzas, fake UPS boxes,"}, {"start": "00:19:22", "end": "00:19:26", "text": "victims lost a total of 13 million in"}, {"start": "00:19:24", "end": "00:19:28", "text": "crypto. And also in LA, I'm just curious"}, {"start": "00:19:26", "end": "00:19:30", "text": "like first of all, I'm just I'm not"}, {"start": "00:19:28", "end": "00:19:32", "text": "saying everybody's going to be targeted"}, {"start": "00:19:30", "end": "00:19:34", "text": "because let's be honest, not everybody's"}, {"start": "00:19:32", "end": "00:19:36", "text": "got millions. But in the grand scheme of"}, {"start": "00:19:34", "end": "00:19:38", "text": "things, does it even matter how much you"}, {"start": "00:19:36", "end": "00:19:40", "text": "have? Let's say you have 10,000 in"}, {"start": "00:19:38", "end": "00:19:42", "text": "crypto. It's a lot of money for a lot of"}, {"start": "00:19:40", "end": "00:19:44", "text": "people. Maybe they describe you like"}, {"start": "00:19:42", "end": "00:19:46", "text": "that. Now, Jerry, what do you think"}, {"start": "00:19:44", "end": "00:19:50", "text": "about this article?"}, {"start": "00:19:46", "end": "00:19:53", "text": ">> And it's sad that this that that article"}, {"start": "00:19:50", "end": "00:19:56", "text": "is a reflection of humans. There has"}, {"start": "00:19:53", "end": "00:20:00", "text": "always been a subsection of the"}, {"start": "00:19:56", "end": "00:20:03", "text": "population that would rather take yours"}, {"start": "00:20:00", "end": "00:20:06", "text": "than work for it themselves. Whether it"}, {"start": "00:20:03", "end": "00:20:08", "text": "be through force or manipulation or"}, {"start": "00:20:06", "end": "00:20:11", "text": "through sophistication,"}, {"start": "00:20:08", "end": "00:20:14", "text": "there has always been that section of"}, {"start": "00:20:11", "end": "00:20:17", "text": "the population that doesn't believe"}, {"start": "00:20:14", "end": "00:20:20", "text": "working for it is important when they"}, {"start": "00:20:17", "end": "00:20:24", "text": "can just take it. And that's a sad"}, {"start": "00:20:20", "end": "00:20:26", "text": "that's a sad reflection on human beings."}, {"start": "00:20:24", "end": "00:20:28", "text": "Now, I think that article is a great"}, {"start": "00:20:26", "end": "00:20:30", "text": "wakeup call. We've talked about this"}, {"start": "00:20:28", "end": "00:20:34", "text": "many different times, how important it"}, {"start": "00:20:30", "end": "00:20:37", "text": "is for all of us to understand the risks"}, {"start": "00:20:34", "end": "00:20:39", "text": "of these new technologies. Yes, there's"}, {"start": "00:20:37", "end": "00:20:43", "text": "incredible investment opportunities."}, {"start": "00:20:39", "end": "00:20:47", "text": "There's no question the expansion and"}, {"start": "00:20:43", "end": "00:20:49", "text": "wave that this new technology is going"}, {"start": "00:20:47", "end": "00:20:50", "text": "to innovate, right? But there are also"}, {"start": "00:20:49", "end": "00:20:54", "text": "risks that come with it and they are"}, {"start": "00:20:50", "end": "00:20:57", "text": "risk to our privacy, our security, um,"}, {"start": "00:20:54", "end": "00:21:00", "text": "etc. So just as much as it's important"}, {"start": "00:20:57", "end": "00:21:02", "text": "to understand market cycles, it's"}, {"start": "00:21:00", "end": "00:21:04", "text": "important to understand risk factors and"}, {"start": "00:21:02", "end": "00:21:06", "text": "how to protect yourself."}, {"start": "00:21:04", "end": "00:21:08", "text": ">> Well, that's just it. How do you protect"}, {"start": "00:21:06", "end": "00:21:09", "text": "yourself from that? That's a difficult"}, {"start": "00:21:08", "end": "00:21:13", "text": "one."}, {"start": "00:21:09", "end": "00:21:15", "text": ">> Use Uber Eats. [laughter]"}, {"start": "00:21:13", "end": "00:21:17", "text": ">> That's a joke. I'm joking. That was a"}, {"start": "00:21:15", "end": "00:21:21", "text": "joke. And I don't mean to make fun of"}, {"start": "00:21:17", "end": "00:21:25", "text": "people's uh misfortunes. Um basically I"}, {"start": "00:21:21", "end": "00:21:27", "text": "I think the thing to do is to understand"}, {"start": "00:21:25", "end": "00:21:30", "text": "autonomy and then and and what being"}, {"start": "00:21:27", "end": "00:21:31", "text": "anonymous in a digital world looks like."}, {"start": "00:21:30", "end": "00:21:34", "text": "So"}, {"start": "00:21:31", "end": "00:21:37", "text": ">> when we trade and it's always been this"}, {"start": "00:21:34", "end": "00:21:39", "text": "way, when you trade convenience for"}, {"start": "00:21:37", "end": "00:21:42", "text": "security, you open yourself up. And I"}, {"start": "00:21:39", "end": "00:21:44", "text": "don't think people realize how open they"}, {"start": "00:21:42", "end": "00:21:49", "text": "are when they join a lot of these"}, {"start": "00:21:44", "end": "00:21:52", "text": "things, whether it be Airbnb or Uber or"}, {"start": "00:21:49", "end": "00:21:54", "text": "Door Dash or or whatever."}, {"start": "00:21:52", "end": "00:21:57", "text": "Be be understand the risk that you're"}, {"start": "00:21:54", "end": "00:22:00", "text": "under. Ask these new AIs, what are my"}, {"start": "00:21:57", "end": "00:22:06", "text": "what are ways to protect myself? How can"}, {"start": "00:22:00", "end": "00:22:08", "text": "I shield myself from A or B or C? And"}, {"start": "00:22:06", "end": "00:22:09", "text": "see what comes up and see what you can"}, {"start": "00:22:08", "end": "00:22:11", "text": "do."}, {"start": "00:22:09", "end": "00:22:13", "text": "I'll tell you like this. I know what I'm"}, {"start": "00:22:11", "end": "00:22:15", "text": "going to do. Uh tomorrow, starting"}, {"start": "00:22:13", "end": "00:22:18", "text": "tomorrow, as soon as everything opens"}, {"start": "00:22:15", "end": "00:22:21", "text": "up, I'll be transferring 95%"}, {"start": "00:22:18", "end": "00:22:25", "text": "of my crypto to iTrust"}, {"start": "00:22:21", "end": "00:22:26", "text": "because I don't know. I mean, we've"}, {"start": "00:22:25", "end": "00:22:28", "text": "talked about this before as far as like"}, {"start": "00:22:26", "end": "00:22:30", "text": "diversification, but after stuff like"}, {"start": "00:22:28", "end": "00:22:33", "text": "this, I'm like, what what are we doing"}, {"start": "00:22:30", "end": "00:22:34", "text": "here? What are we doing? So with iTrust,"}, {"start": "00:22:33", "end": "00:22:35", "text": "you can put on a tangent, you can put on"}, {"start": "00:22:34", "end": "00:22:38", "text": "a ledger, but I'm telling you, if you"}, {"start": "00:22:35", "end": "00:22:40", "text": "could wrench attack it, pretty easy for"}, {"start": "00:22:38", "end": "00:22:41", "text": "them to say, \"Hey, transfer it and put"}, {"start": "00:22:40", "end": "00:22:42", "text": "in this.\" And then all you got to do is"}, {"start": "00:22:41", "end": "00:22:44", "text": "put it through a mixer and that's it."}, {"start": "00:22:42", "end": "00:22:48", "text": "However, with custody accounts, premium"}, {"start": "00:22:44", "end": "00:22:49", "text": "custody, I think I'm the"}, {"start": "00:22:48", "end": "00:22:54", "text": "I don't know if I'm the only I'm one of"}, {"start": "00:22:49", "end": "00:22:57", "text": "the few that have used custody and have"}, {"start": "00:22:54", "end": "00:22:59", "text": "sold some of their crypto and taken it"}, {"start": "00:22:57", "end": "00:23:02", "text": "out in cash"}, {"start": "00:22:59", "end": "00:23:03", "text": "and gone through the whole process. I"}, {"start": "00:23:02", "end": "00:23:06", "text": "don't know how many other people have"}, {"start": "00:23:03", "end": "00:23:09", "text": "done that uh that have used have used"}, {"start": "00:23:06", "end": "00:23:11", "text": "it. I've went through it because I had"}, {"start": "00:23:09", "end": "00:23:12", "text": "to sell some crypto because there was a"}, {"start": "00:23:11", "end": "00:23:15", "text": "deal that came up for an apartment"}, {"start": "00:23:12", "end": "00:23:16", "text": "complex and I had to sell. Anyhow,"}, {"start": "00:23:15", "end": "00:23:18", "text": "that's the whole point of me having"}, {"start": "00:23:16", "end": "00:23:19", "text": "these rules underneath me. I don't just"}, {"start": "00:23:18", "end": "00:23:22", "text": "talk to waste my breath. I talk it"}, {"start": "00:23:19", "end": "00:23:24", "text": "because I do it. I took profits. Worked"}, {"start": "00:23:22", "end": "00:23:28", "text": "out great. So, with custody, I can just"}, {"start": "00:23:24", "end": "00:23:30", "text": "tell you right now, uh, I can't tell you"}, {"start": "00:23:28", "end": "00:23:32", "text": "how they do it because I'm not going to"}, {"start": "00:23:30", "end": "00:23:33", "text": "give anybody, especially wrench"}, {"start": "00:23:32", "end": "00:23:35", "text": "attackers, information, but let me just"}, {"start": "00:23:33", "end": "00:23:40", "text": "tell you right now, it is a pain in the"}, {"start": "00:23:35", "end": "00:23:42", "text": "ass to get your your your money out and"}, {"start": "00:23:40", "end": "00:23:45", "text": "they set it up for that way in a"}, {"start": "00:23:42", "end": "00:23:47", "text": "specific way to make it a pain in the"}, {"start": "00:23:45", "end": "00:23:49", "text": "ass. So, you can't have everybody just"}, {"start": "00:23:47", "end": "00:23:50", "text": "going, \"Give me all your funds and this"}, {"start": "00:23:49", "end": "00:23:52", "text": "is going to be easy and we can just"}, {"start": "00:23:50", "end": "00:23:54", "text": "transfer like that.\" Trust me, when you"}, {"start": "00:23:52", "end": "00:23:56", "text": "want to get funds out, it took me and"}, {"start": "00:23:54", "end": "00:23:58", "text": "that's me and they every single person"}, {"start": "00:23:56", "end": "00:24:00", "text": "over there that I trust knows me. I"}, {"start": "00:23:58", "end": "00:24:03", "text": "mean, for the most part, and it took me"}, {"start": "00:24:00", "end": "00:24:05", "text": "over a week."}, {"start": "00:24:03", "end": "00:24:08", "text": "I'm just saying if you value it, I would"}, {"start": "00:24:05", "end": "00:24:10", "text": "like you to take a look into it for that"}, {"start": "00:24:08", "end": "00:24:12", "text": "custody account. Not Roth IRA. They have"}, {"start": "00:24:10", "end": "00:24:15", "text": "Roth IAS, which is great. I'm talking"}, {"start": "00:24:12", "end": "00:24:16", "text": "about a custodial account. And don't"}, {"start": "00:24:15", "end": "00:24:18", "text": "just, you know, just say, \"Oh, that"}, {"start": "00:24:16", "end": "00:24:21", "text": "sounds good.\" And Ron talks about that."}, {"start": "00:24:18", "end": "00:24:22", "text": "What I want you to do is I want you to"}, {"start": "00:24:21", "end": "00:24:24", "text": "go to the website link in the"}, {"start": "00:24:22", "end": "00:24:26", "text": "description. I want you to scroll down"}, {"start": "00:24:24", "end": "00:24:29", "text": "or just copy this number down and talk"}, {"start": "00:24:26", "end": "00:24:32", "text": "to a real person."}, {"start": "00:24:29", "end": "00:24:35", "text": "When I screwed up in 2022 and talked"}, {"start": "00:24:32", "end": "00:24:38", "text": "about Voyager and Celsius 2021,"}, {"start": "00:24:35", "end": "00:24:40", "text": "it still pains me to talk about it"}, {"start": "00:24:38", "end": "00:24:43", "text": "because I told you about it, everybody"}, {"start": "00:24:40", "end": "00:24:46", "text": "who's listening. And because I told you"}, {"start": "00:24:43", "end": "00:24:48", "text": "about it, you invested into it. And I"}, {"start": "00:24:46", "end": "00:24:50", "text": "tried to warn people, but it wasn't fast"}, {"start": "00:24:48", "end": "00:24:53", "text": "enough. And I told myself I would never"}, {"start": "00:24:50", "end": "00:24:56", "text": "do that again. I would only do the"}, {"start": "00:24:53", "end": "00:24:58", "text": "things that I think can help people. And"}, {"start": "00:24:56", "end": "00:24:59", "text": "if there's something like that that"}, {"start": "00:24:58", "end": "00:25:03", "text": "happens, I have to make sure everybody"}, {"start": "00:24:59", "end": "00:25:06", "text": "knows and they don't get screwed over."}, {"start": "00:25:03", "end": "00:25:08", "text": "So this is one of those videos where I'm"}, {"start": "00:25:06", "end": "00:25:11", "text": "imploring you to take a look at those"}, {"start": "00:25:08", "end": "00:25:13", "text": "and to protect yourself. Anyhow, Jerry,"}, {"start": "00:25:11", "end": "00:25:15", "text": "what did I miss there?"}, {"start": "00:25:13", "end": "00:25:19", "text": "So I think it's an important distinction"}, {"start": "00:25:15", "end": "00:25:21", "text": "between custody and the Roth IRA. So"}, {"start": "00:25:19", "end": "00:25:24", "text": "everybody knows that you have a limit"}, {"start": "00:25:21", "end": "00:25:26", "text": "with the Roth IRA of contribution per"}, {"start": "00:25:24", "end": "00:25:31", "text": "year. What Rob is talking about from a"}, {"start": "00:25:26", "end": "00:25:32", "text": "security standpoint is the ITR capitals"}, {"start": "00:25:31", "end": "00:25:34", "text": "custodial"}, {"start": "00:25:32", "end": "00:25:37", "text": "part of their business has nothing to do"}, {"start": "00:25:34", "end": "00:25:40", "text": "with the Roth IRA. So if you had a $5"}, {"start": "00:25:37", "end": "00:25:42", "text": "million in crypto, you wouldn't have to"}, {"start": "00:25:40", "end": "00:25:44", "text": "sell any of it. It's not a taxable"}, {"start": "00:25:42", "end": "00:25:47", "text": "event. You're just transferring it from"}, {"start": "00:25:44", "end": "00:25:50", "text": "wherever it's sitting into an iTrust"}, {"start": "00:25:47", "end": "00:25:50", "text": "account."}, {"start": "00:25:52", "end": "00:26:00", "text": ">> I think froze. Okay."}, {"start": "00:25:57", "end": "00:26:05", "text": ">> It has a"}, {"start": "00:26:00", "end": "00:26:05", "text": "lot of security gates."}, {"start": "00:26:05", "end": "00:26:08", "text": "So they are"}, {"start": "00:26:09", "end": "00:26:12", "text": ">> sorry [laughter] Jerry and I don't know"}, {"start": "00:26:11", "end": "00:26:13", "text": "about for everybody else but Jerry keeps"}, {"start": "00:26:12", "end": "00:26:16", "text": "freezing on me. Let me know if he's"}, {"start": "00:26:13", "end": "00:26:19", "text": "freezing on you. Uh but as as I'm"}, {"start": "00:26:16", "end": "00:26:22", "text": "waiting to for them to get I just want"}, {"start": "00:26:19", "end": "00:26:25", "text": "to take some uh comments here."}, {"start": "00:26:22", "end": "00:26:27", "text": "Mary, this is interesting. My itrust was"}, {"start": "00:26:25", "end": "00:26:28", "text": "saved me from big losses because the way"}, {"start": "00:26:27", "end": "00:26:31", "text": "it was set up. I'd like to hear that"}, {"start": "00:26:28", "end": "00:26:33", "text": "story. Uh Bodan's got some good advice."}, {"start": "00:26:31", "end": "00:26:35", "text": "Treat crypto like any other investment."}, {"start": "00:26:33", "end": "00:26:37", "text": "Don't talk about it unless you're in a"}, {"start": "00:26:35", "end": "00:26:38", "text": "room full of people talking about it."}, {"start": "00:26:37", "end": "00:26:41", "text": "Even so, never Yeah, that's right. Never"}, {"start": "00:26:38", "end": "00:26:43", "text": "say the amount. My my grandson's here"}, {"start": "00:26:41", "end": "00:26:46", "text": "and he was talking about like, \"Hey, how"}, {"start": "00:26:43", "end": "00:26:48", "text": "much do you own for for for for"}, {"start": "00:26:46", "end": "00:26:52", "text": "Bitcoin?\" Because I'm because he always"}, {"start": "00:26:48", "end": "00:26:54", "text": "talks about the show and I go, \"Kid, you"}, {"start": "00:26:52", "end": "00:26:57", "text": "never tell people how much you have.\""}, {"start": "00:26:54", "end": "00:26:59", "text": "And that's in dollars, that's in stocks,"}, {"start": "00:26:57", "end": "00:27:01", "text": "that's in real estate, and that's"}, {"start": "00:26:59", "end": "00:27:03", "text": "definitely in crypto. Never tell anybody"}, {"start": "00:27:01", "end": "00:27:06", "text": "how much you have. And that's it. Sun's"}, {"start": "00:27:03", "end": "00:27:09", "text": "out, funds out. What's up with IOTA?"}, {"start": "00:27:06", "end": "00:27:10", "text": "Wow, that's an old one. Hendrick's got"}, {"start": "00:27:09", "end": "00:27:13", "text": "an a question. If you transfer to"}, {"start": "00:27:10", "end": "00:27:16", "text": "Itrust, do you have to sell by taking"}, {"start": "00:27:13", "end": "00:27:18", "text": "from cold storage to exchange and"}, {"start": "00:27:16", "end": "00:27:20", "text": "reinvest?"}, {"start": "00:27:18", "end": "00:27:23", "text": "You take what's in your cold storage and"}, {"start": "00:27:20", "end": "00:27:26", "text": "send it over to their cold storage. And"}, {"start": "00:27:23", "end": "00:27:28", "text": "their cold storage that they use,"}, {"start": "00:27:26", "end": "00:27:33", "text": "let me see, is the same cold storage"}, {"start": "00:27:28", "end": "00:27:35", "text": "that these two Yahoos use, which is"}, {"start": "00:27:33", "end": "00:27:38", "text": "Larry Frink from Black Rockck and"}, {"start": "00:27:35", "end": "00:27:40", "text": "Michael Sailor from Micro Strategy,"}, {"start": "00:27:38", "end": "00:27:42", "text": "which is Coinbase Prime. So, whatever"}, {"start": "00:27:40", "end": "00:27:44", "text": "your cold storage is, you transfer over"}, {"start": "00:27:42", "end": "00:27:47", "text": "them. past that when you do that process"}, {"start": "00:27:44", "end": "00:27:48", "text": "if you sell and how it works and how it"}, {"start": "00:27:47", "end": "00:27:53", "text": "gets to you. I can't tell you how that"}, {"start": "00:27:48", "end": "00:27:54", "text": "works because I did that uh one time and"}, {"start": "00:27:53", "end": "00:27:56", "text": "immediately they they called me and"}, {"start": "00:27:54", "end": "00:27:58", "text": "said, \"Rob, do not tell anybody how the"}, {"start": "00:27:56", "end": "00:28:00", "text": "process that we use.\" I said, \"Okay,"}, {"start": "00:27:58", "end": "00:28:03", "text": "well now I have to go through it.\" And"}, {"start": "00:28:00", "end": "00:28:07", "text": "uh yeah, it's a pain in the ass. Let's"}, {"start": "00:28:03", "end": "00:28:08", "text": "see. Uh CryptoSo says, \"We're all making"}, {"start": "00:28:07", "end": "00:28:10", "text": "mistakes, but smart people learn from"}, {"start": "00:28:08", "end": "00:28:13", "text": "the mistakes.\" That's the key word,"}, {"start": "00:28:10", "end": "00:28:13", "text": "smart people."}, {"start": "00:28:14", "end": "00:28:17", "text": "I don't"}, {"start": "00:28:17", "end": "00:28:23", "text": "choppy frozen frozen. Joe, are you still"}, {"start": "00:28:20", "end": "00:28:25", "text": "there? Okay."}, {"start": "00:28:23", "end": "00:28:27", "text": "And meme is right. I was taught I was"}, {"start": "00:28:25", "end": "00:28:29", "text": "always taught it was impolite to discuss"}, {"start": "00:28:27", "end": "00:28:31", "text": "money in any social setting. It's also"}, {"start": "00:28:29", "end": "00:28:35", "text": "true. Unless you're bragging with your"}, {"start": "00:28:31", "end": "00:28:35", "text": "friends and you're drinking,"}, {"start": "00:28:36", "end": "00:28:40", "text": "which I have to get really, really"}, {"start": "00:28:38", "end": "00:28:44", "text": "hammered to do that though, which isn't"}, {"start": "00:28:40", "end": "00:28:46", "text": "far away. Let's see."}, {"start": "00:28:44", "end": "00:28:49", "text": "And Jimmy's got some insights. If you"}, {"start": "00:28:46", "end": "00:28:51", "text": "have used your wallets"}, {"start": "00:28:49", "end": "00:28:54", "text": "that the blockchain would lead to your"}, {"start": "00:28:51", "end": "00:28:56", "text": "stash, transfer to an exchange. Oh,"}, {"start": "00:28:54", "end": "00:28:58", "text": "that's interesting. then to a new cold"}, {"start": "00:28:56", "end": "00:29:00", "text": "storage wallet address and it would not"}, {"start": "00:28:58", "end": "00:29:02", "text": "be that's true because Jerry Click if"}, {"start": "00:29:00", "end": "00:29:04", "text": "I'm right if you transfer from your"}, {"start": "00:29:02", "end": "00:29:07", "text": "wallet to an exchange and then from the"}, {"start": "00:29:04", "end": "00:29:08", "text": "exchange out that kind of wipes it away"}, {"start": "00:29:07", "end": "00:29:12", "text": "because once it goes to an exchange it's"}, {"start": "00:29:08", "end": "00:29:15", "text": "in like one big okay"}, {"start": "00:29:12", "end": "00:29:17", "text": "that's it and oh"}, {"start": "00:29:15", "end": "00:29:19", "text": "happy Easter everybody have a blessed"}, {"start": "00:29:17", "end": "00:29:20", "text": "day I forgot to say that's the most"}, {"start": "00:29:19", "end": "00:29:22", "text": "important thing I should have said in"}, {"start": "00:29:20", "end": "00:29:23", "text": "the beginning that's see that's why"}, {"start": "00:29:22", "end": "00:29:27", "text": "that's why we had technical issues we"}, {"start": "00:29:23", "end": "00:29:29", "text": "didn't talk about Easter Jerry Anyhow,"}, {"start": "00:29:27", "end": "00:29:31", "text": "all right. What Derry, what else you"}, {"start": "00:29:29", "end": "00:29:33", "text": "got? What else is going on?"}, {"start": "00:29:31", "end": "00:29:35", "text": ">> I'm just I know that you tried to do a"}, {"start": "00:29:33", "end": "00:29:38", "text": "poll with for the beginning of the"}, {"start": "00:29:35", "end": "00:29:42", "text": "stream. I'm just curious how how your"}, {"start": "00:29:38", "end": "00:29:44", "text": "audience is looking at AI. Are they"}, {"start": "00:29:42", "end": "00:29:49", "text": "looking at it as an investable asset"}, {"start": "00:29:44", "end": "00:29:52", "text": "class? And if so, what areas of AI are"}, {"start": "00:29:49", "end": "00:29:55", "text": "they studying or researching or already"}, {"start": "00:29:52", "end": "00:29:59", "text": "investing in?"}, {"start": "00:29:55", "end": "00:30:02", "text": "as a topic, not not specific amounts or"}, {"start": "00:29:59", "end": "00:30:04", "text": "anything, but like generalizations."}, {"start": "00:30:02", "end": "00:30:08", "text": "Nvidia,"}, {"start": "00:30:04", "end": "00:30:08", "text": "are they looking at company?"}, {"start": "00:30:10", "end": "00:30:16", "text": ">> It's a good question. What I'm going to"}, {"start": "00:30:11", "end": "00:30:16", "text": "do invest in AI."}, {"start": "00:30:18", "end": "00:30:25", "text": ">> Jerry, you still there?"}, {"start": "00:30:19", "end": "00:30:25", "text": ">> Microsoft, Amazon. I mean, how are they"}, {"start": "00:30:35", "end": "00:30:38", "text": "good question"}, {"start": "00:30:38", "end": "00:30:41", "text": "and"}, {"start": "00:30:45", "end": "00:30:52", "text": "okay I just started the poll"}, {"start": "00:30:49", "end": "00:30:54", "text": "uh and I'm using the integration with uh"}, {"start": "00:30:52", "end": "00:30:57", "text": "YouTube instead of the integration from"}, {"start": "00:30:54", "end": "00:31:01", "text": "Streamyard because they're screwing up."}, {"start": "00:30:57", "end": "00:31:05", "text": "So, uh, if you can see that."}, {"start": "00:31:01", "end": "00:31:05", "text": "There it goes."}, {"start": "00:31:10", "end": "00:31:14", "text": "I can't see it though."}, {"start": "00:31:19", "end": "00:31:22", "text": "Poll is"}, {"start": "00:31:28", "end": "00:31:31", "text": "Let me refresh this."}, {"start": "00:31:40", "end": "00:31:46", "text": ">> Ah, there it goes. Okay, Jerry, can you"}, {"start": "00:31:43", "end": "00:31:46", "text": "see the poll?"}, {"start": "00:31:49", "end": "00:31:54", "text": "I asked the question, how are you"}, {"start": "00:31:51", "end": "00:31:57", "text": "investing in AI? The questions the it"}, {"start": "00:31:54", "end": "00:32:00", "text": "leads to, I'm not or I'm investing in"}, {"start": "00:31:57", "end": "00:32:03", "text": "crypto AI. I'm invest or I'm investing"}, {"start": "00:32:00", "end": "00:32:06", "text": "in AI companies or investing in energy."}, {"start": "00:32:03", "end": "00:32:08", "text": "And so far"}, {"start": "00:32:06", "end": "00:32:11", "text": "about a third of people are saying that"}, {"start": "00:32:08", "end": "00:32:12", "text": "they are not investing whatsoever in AI."}, {"start": "00:32:11", "end": "00:32:15", "text": "Nothing wrong with that. You don't have"}, {"start": "00:32:12", "end": "00:32:17", "text": "to throw it at everything."}, {"start": "00:32:15", "end": "00:32:20", "text": "A third are investing in crypto AI and a"}, {"start": "00:32:17", "end": "00:32:24", "text": "third are investing in AI companies and"}, {"start": "00:32:20", "end": "00:32:26", "text": "only 4% are investing in energy."}, {"start": "00:32:24", "end": "00:32:30", "text": "Interesting."}, {"start": "00:32:26", "end": "00:32:30", "text": "Interesting. Okay,"}, {"start": "00:32:31", "end": "00:32:38", "text": "let me see here. Oh, speaking of uh AI"}, {"start": "00:32:34", "end": "00:32:41", "text": "and cool stuff they can do,"}, {"start": "00:32:38", "end": "00:32:45", "text": "let me see something."}, {"start": "00:32:41", "end": "00:32:46", "text": "So, has anybody used my Trump analysis,"}, {"start": "00:32:45", "end": "00:32:50", "text": "the TA"}, {"start": "00:32:46", "end": "00:32:53", "text": "gem that I created a week ago? Probably"}, {"start": "00:32:50", "end": "00:32:56", "text": "not. Here's what it works. Let's take a"}, {"start": "00:32:53", "end": "00:32:58", "text": "look at Trump on Truth Social and see"}, {"start": "00:32:56", "end": "00:33:00", "text": "what kind of"}, {"start": "00:32:58", "end": "00:33:03", "text": "Well, let's see what kind of new things"}, {"start": "00:33:00", "end": "00:33:03", "text": "he's done."}, {"start": "00:33:04", "end": "00:33:11", "text": "Tuesday will be power plant day and"}, {"start": "00:33:06", "end": "00:33:15", "text": "bridge day in Iran. Nothing like it."}, {"start": "00:33:11", "end": "00:33:19", "text": "Let's see how important this one is. So,"}, {"start": "00:33:15", "end": "00:33:21", "text": "the Trump analysis or TA,"}, {"start": "00:33:19", "end": "00:33:25", "text": "you just put in any kind of post or"}, {"start": "00:33:21", "end": "00:33:25", "text": "thing that he talks about"}, {"start": "00:33:25", "end": "00:33:30", "text": "and then it'll analyze the the impact of"}, {"start": "00:33:28", "end": "00:33:33", "text": "the market."}, {"start": "00:33:30", "end": "00:33:34", "text": "Let's see what it says. This ought to be"}, {"start": "00:33:33", "end": "00:33:37", "text": "good."}, {"start": "00:33:34", "end": "00:33:40", "text": "TA Trump analysis. As a top quantitative"}, {"start": "00:33:37", "end": "00:33:43", "text": "analyst, I've evaluated the latest post"}, {"start": "00:33:40", "end": "00:33:46", "text": "Oh wow. So when I created it, I said, I"}, {"start": "00:33:43", "end": "00:33:50", "text": "want you to make it in a in a in a meter"}, {"start": "00:33:46", "end": "00:33:52", "text": "like from 0 to 10, but you have to speak"}, {"start": "00:33:50", "end": "00:33:56", "text": "at it like like you're Donald Trump and"}, {"start": "00:33:52", "end": "00:33:58", "text": "only like anything above five is like"}, {"start": "00:33:56", "end": "00:34:01", "text": "the best thing of all time. Anything"}, {"start": "00:33:58", "end": "00:34:03", "text": "below that is Democrat level stuff. So"}, {"start": "00:34:01", "end": "00:34:04", "text": "not that I'm saying going either way. I"}, {"start": "00:34:03", "end": "00:34:07", "text": "just thought it was funny. Trump meter"}, {"start": "00:34:04", "end": "00:34:10", "text": "rating. This is 9.8 out of 10 in Trump"}, {"start": "00:34:07", "end": "00:34:12", "text": "voice. This is the most impressive, most"}, {"start": "00:34:10", "end": "00:34:13", "text": "powerful threat anyone has ever seen."}, {"start": "00:34:12", "end": "00:34:16", "text": "It's huge. It's terrifying. The market's"}, {"start": "00:34:13", "end": "00:34:16", "text": "going to go absolutely wild. [laughter]"}, {"start": "00:34:17", "end": "00:34:20", "text": "Uh links in the description for the"}, {"start": "00:34:18", "end": "00:34:23", "text": "Trump for the TA if you'd like to use"}, {"start": "00:34:20", "end": "00:34:26", "text": "this. It's uh could be invaluable. Let's"}, {"start": "00:34:23", "end": "00:34:27", "text": "see. Uh traditional stock market. This"}, {"start": "00:34:26", "end": "00:34:29", "text": "is a nine and a half. Well, this is big."}, {"start": "00:34:27", "end": "00:34:30", "text": "Nine and a half out of 10. The threat to"}, {"start": "00:34:29", "end": "00:34:32", "text": "target civilian and dual use"}, {"start": "00:34:30", "end": "00:34:35", "text": "infrastructure signals a massive"}, {"start": "00:34:32", "end": "00:34:36", "text": "escalation. Defense sector, aerospace,"}, {"start": "00:34:35", "end": "00:34:40", "text": "and defense stock. Loheed Martin,"}, {"start": "00:34:36", "end": "00:34:42", "text": "Northre Groomman are expected to gap up"}, {"start": "00:34:40", "end": "00:34:44", "text": "significantly on Monday. Wow. Energy"}, {"start": "00:34:42", "end": "00:34:48", "text": "sector global oil prices will likely see"}, {"start": "00:34:44", "end": "00:34:52", "text": "a vertical spike. Shocker straightfor"}, {"start": "00:34:48", "end": "00:34:52", "text": "the world's most important oil transpl."}, {"start": "00:34:53", "end": "00:34:59", "text": "The VIX fear gauge will explode. Expect"}, {"start": "00:34:57", "end": "00:35:02", "text": "a flight to safety into Treasury bonds"}, {"start": "00:34:59", "end": "00:35:04", "text": "US. Jerry, what do you think about this"}, {"start": "00:35:02", "end": "00:35:07", "text": "flight to safety? Everybody talks about"}, {"start": "00:35:04", "end": "00:35:11", "text": "it, but is is that actually happening?"}, {"start": "00:35:07", "end": "00:35:15", "text": ">> You know, I here's the thing."}, {"start": "00:35:11", "end": "00:35:18", "text": ">> We only get actual data on a certain"}, {"start": "00:35:15", "end": "00:35:21", "text": "number of the gold acquisitions and"}, {"start": "00:35:18", "end": "00:35:23", "text": "things of that nature. So, it it's like"}, {"start": "00:35:21", "end": "00:35:25", "text": ">> you can treat like if you wanted to"}, {"start": "00:35:23", "end": "00:35:28", "text": "understand 100% of the digital gold"}, {"start": "00:35:25", "end": "00:35:31", "text": "market, there are ledgers that we could,"}, {"start": "00:35:28", "end": "00:35:33", "text": "you know, explore to get an idea of of"}, {"start": "00:35:31", "end": "00:35:35", "text": "the buying and the selling."}, {"start": "00:35:33", "end": "00:35:39", "text": "when you're doing"}, {"start": "00:35:35", "end": "00:35:42", "text": "central bank orders or large family"}, {"start": "00:35:39", "end": "00:35:45", "text": "office orders or things of that nature,"}, {"start": "00:35:42", "end": "00:35:47", "text": "a lot of the volume is offiscated. It's"}, {"start": "00:35:45", "end": "00:35:52", "text": "hard to see. So, I don't know. And and"}, {"start": "00:35:47", "end": "00:35:52", "text": "we never really know until"}, {"start": "00:35:52", "end": "00:35:55", "text": "way"}, {"start": "00:35:58", "end": "00:36:02", "text": "after the fact"}, {"start": "00:36:04", "end": "00:36:10", "text": "for those elements that have to report"}, {"start": "00:36:06", "end": "00:36:10", "text": "what they did last year."}, {"start": "00:36:11", "end": "00:36:15", "text": "I have no idea what"}, {"start": "00:36:17", "end": "00:36:20", "text": "Starling."}, {"start": "00:36:18", "end": "00:36:24", "text": "Yeah, I don't know. Sorry, J."}, {"start": "00:36:20", "end": "00:36:27", "text": ">> I don't think so. It's else"}, {"start": "00:36:24", "end": "00:36:28", "text": ">> Well, who knows? I don't know. It's"}, {"start": "00:36:27", "end": "00:36:30", "text": "frustrating, isn't it? This is what I"}, {"start": "00:36:28", "end": "00:36:32", "text": "had to I went with with this is why I"}, {"start": "00:36:30", "end": "00:36:34", "text": "had this this new computer. I don't know"}, {"start": "00:36:32", "end": "00:36:37", "text": "if you guys have noticed, but my webcam"}, {"start": "00:36:34", "end": "00:36:40", "text": "is fine. I have to I'm using my wife's"}, {"start": "00:36:37", "end": "00:36:42", "text": "computer right now and that's why it's"}, {"start": "00:36:40", "end": "00:36:45", "text": "not so bad. Anyhow, Starlink is having"}, {"start": "00:36:42", "end": "00:36:47", "text": "issues maybe. I don't know. Uh"}, {"start": "00:36:45", "end": "00:36:51", "text": "and then everybody, if you'd like to use"}, {"start": "00:36:47", "end": "00:36:55", "text": "the TA Trump analysis, there's the link."}, {"start": "00:36:51", "end": "00:36:58", "text": "It's a It's called a uh a Google Gemini"}, {"start": "00:36:55", "end": "00:37:00", "text": "gem that I created and you can use that"}, {"start": "00:36:58", "end": "00:37:02", "text": "for any truth social post or any Twitter"}, {"start": "00:37:00", "end": "00:37:05", "text": "post or any post that's uh put out and"}, {"start": "00:37:02", "end": "00:37:07", "text": "it'll tell you by how much this should"}, {"start": "00:37:05", "end": "00:37:09", "text": "affect the market. Now, we did get lucky"}, {"start": "00:37:07", "end": "00:37:11", "text": "on the 9.8 out of 10. That is a pretty"}, {"start": "00:37:09", "end": "00:37:13", "text": "big thing. So, check that out. And also,"}, {"start": "00:37:11", "end": "00:37:14", "text": "if you're watching the repeat, I will"}, {"start": "00:37:13", "end": "00:37:19", "text": "put that in the description. I'll also"}, {"start": "00:37:14", "end": "00:37:22", "text": "put that uh in the uh top post"}, {"start": "00:37:19", "end": "00:37:25", "text": "because that's that's uh important."}, {"start": "00:37:22", "end": "00:37:25", "text": "Let's see. [snorts]"}, {"start": "00:37:25", "end": "00:37:32", "text": "Rob looks like he's in the same room."}, {"start": "00:37:27", "end": "00:37:32", "text": "Don't break your computer. Okay. CIA"}, {"start": "00:37:34", "end": "00:37:39", "text": "meme asks, \"Does anyone in the chat use"}, {"start": "00:37:36", "end": "00:37:42", "text": "Starlink in Puerto Rico?\" No, but I just"}, {"start": "00:37:39", "end": "00:37:43", "text": "ordered Starlink for here in El Paso, so"}, {"start": "00:37:42", "end": "00:37:47", "text": "I'm going to use it. It gets delivered"}, {"start": "00:37:43", "end": "00:37:49", "text": "this week. Jerry, when you did Starlink,"}, {"start": "00:37:47", "end": "00:37:51", "text": "how bad was your internet and how good"}, {"start": "00:37:49", "end": "00:37:53", "text": "is it now? I I think your internet is"}, {"start": "00:37:51", "end": "00:37:56", "text": "fine. It's just I think it's a it's an"}, {"start": "00:37:53", "end": "00:37:59", "text": "issue with uh the streaming software."}, {"start": "00:37:56", "end": "00:38:00", "text": ">> It made all the difference in the world"}, {"start": "00:37:59", "end": "00:38:02", "text": "for me."}, {"start": "00:38:00", "end": "00:38:04", "text": ">> How much how much you pay over there in"}, {"start": "00:38:02", "end": "00:38:09", "text": "Costa Rica?"}, {"start": "00:38:04", "end": "00:38:09", "text": ">> It's $40 US a month."}, {"start": "00:38:10", "end": "00:38:16", "text": "And and"}, {"start": "00:38:14", "end": "00:38:18", "text": "When I"}, {"start": "00:38:16", "end": "00:38:23", "text": "did it,"}, {"start": "00:38:18", "end": "00:38:26", "text": "it was one of those deals where"}, {"start": "00:38:23", "end": "00:38:32", "text": "in 2021"}, {"start": "00:38:26", "end": "00:38:32", "text": "2000 and had to send them $700."}, {"start": "00:38:33", "end": "00:38:36", "text": ">> Oh. For the"}, {"start": "00:38:34", "end": "00:38:37", "text": ">> Did that come over?"}, {"start": "00:38:36", "end": "00:38:39", "text": ">> Yeah. So, you had you had to pay 700"}, {"start": "00:38:37", "end": "00:38:40", "text": "bucks up front for the equipment. Is"}, {"start": "00:38:39", "end": "00:38:41", "text": "that what it was?"}, {"start": "00:38:40", "end": "00:38:44", "text": ">> Yes."}, {"start": "00:38:41", "end": "00:38:47", "text": "H I can see it. Yeah. So, you paid 40"}, {"start": "00:38:44", "end": "00:38:49", "text": "here. They're having a deal and I'm not"}, {"start": "00:38:47", "end": "00:38:52", "text": "I'm not associated with Starlink even"}, {"start": "00:38:49", "end": "00:38:55", "text": "though DMs are open if you guys want to."}, {"start": "00:38:52", "end": "00:38:58", "text": "And uh I'm paying I think it's it was on"}, {"start": "00:38:55", "end": "00:39:00", "text": "like 200 megabytes upload. I think like"}, {"start": "00:38:58", "end": "00:39:03", "text": "25"}, {"start": "00:39:00", "end": "00:39:07", "text": "no 200 megabytes download 25 upload. And"}, {"start": "00:39:03", "end": "00:39:10", "text": "it's like u it was 60 I think. Now it's"}, {"start": "00:39:07", "end": "00:39:14", "text": "No, no, it was 70 went to 55. And then"}, {"start": "00:39:10", "end": "00:39:16", "text": "for the um the hardware, you just rent"}, {"start": "00:39:14", "end": "00:39:21", "text": "it and there's but there's it's just no"}, {"start": "00:39:16", "end": "00:39:24", "text": "cost to rent it. So in Puerto Rico, I'm"}, {"start": "00:39:21", "end": "00:39:27", "text": "going to actually be installing that on"}, {"start": "00:39:24", "end": "00:39:30", "text": "my um properties because the fiber"}, {"start": "00:39:27", "end": "00:39:33", "text": "optico that we have keeps breaking down."}, {"start": "00:39:30", "end": "00:39:35", "text": "So yeah. Anyhow,"}, {"start": "00:39:33", "end": "00:39:38", "text": ">> it's no bueno."}, {"start": "00:39:35", "end": "00:39:40", "text": ">> No bueno. Mary says, \"What do I use the"}, {"start": "00:39:38", "end": "00:39:41", "text": "Gemini?"}, {"start": "00:39:40", "end": "00:39:44", "text": "That's no bueno. What do I use the"}, {"start": "00:39:41", "end": "00:39:48", "text": "Gemini AI assistance for? Just questions"}, {"start": "00:39:44", "end": "00:39:50", "text": "or tasks too. Well, the Gemini AI"}, {"start": "00:39:48", "end": "00:39:54", "text": "assistant, if we're just talking about"}, {"start": "00:39:50", "end": "00:39:56", "text": "like here, this is mostly like answer"}, {"start": "00:39:54", "end": "00:39:58", "text": "some questions, you know, and then show"}, {"start": "00:39:56", "end": "00:40:00", "text": "me how this this comes about and that's"}, {"start": "00:39:58", "end": "00:40:02", "text": "pretty much it. But as far as like"}, {"start": "00:40:00", "end": "00:40:04", "text": "tasks,"}, {"start": "00:40:02", "end": "00:40:07", "text": "the Gemini"}, {"start": "00:40:04", "end": "00:40:09", "text": "Google Gemini chat GPT claude when you"}, {"start": "00:40:07", "end": "00:40:10", "text": "go to their sites, they can just pretty"}, {"start": "00:40:09", "end": "00:40:12", "text": "much answer questions and give you data"}, {"start": "00:40:10", "end": "00:40:13", "text": "and give you information, give you nice"}, {"start": "00:40:12", "end": "00:40:16", "text": "images and things like that. But for"}, {"start": "00:40:13", "end": "00:40:18", "text": "them to actually do stuff like to like"}, {"start": "00:40:16", "end": "00:40:21", "text": "say, \"Hey, I want you to send an email"}, {"start": "00:40:18", "end": "00:40:23", "text": "to Jerry today and remind him that we"}, {"start": "00:40:21", "end": "00:40:25", "text": "have a show and then also go into"}, {"start": "00:40:23", "end": "00:40:27", "text": "StreamYard and get the link and send it"}, {"start": "00:40:25", "end": "00:40:28", "text": "to him.\" Stuff like that. You need"}, {"start": "00:40:27", "end": "00:40:30", "text": "something that could be like your"}, {"start": "00:40:28", "end": "00:40:33", "text": "virtual hands and that's where open claw"}, {"start": "00:40:30", "end": "00:40:34", "text": "comes in. And for that we still got to"}, {"start": "00:40:33", "end": "00:40:37", "text": "do a video on that but I'm still having"}, {"start": "00:40:34", "end": "00:40:41", "text": "issues with it. Jerry, you doing you've"}, {"start": "00:40:37", "end": "00:40:43", "text": "done open claw. What's your experience?"}, {"start": "00:40:41", "end": "00:40:49", "text": "Love it. And there and there are many"}, {"start": "00:40:43", "end": "00:40:53", "text": "more coming like Hermes um co-work um"}, {"start": "00:40:49", "end": "00:40:55", "text": "co-pilot. There are many of those type"}, {"start": "00:40:53", "end": "00:41:00", "text": "of things coming down the line. We'll"}, {"start": "00:40:55", "end": "00:41:04", "text": "have access to a smorggish board of"}, {"start": "00:41:00", "end": "00:41:09", "text": "tools to integrate into our things so"}, {"start": "00:41:04", "end": "00:41:12", "text": "that stuff can get done like"}, {"start": "00:41:09", "end": "00:41:15", "text": ">> okay you can learn AI models on your"}, {"start": "00:41:12", "end": "00:41:19", "text": "phone"}, {"start": "00:41:15", "end": "00:41:19", "text": ">> uh use our our"}, {"start": "00:41:24", "end": "00:41:28", "text": ">> Okay, Jerry. That's it for today."}, {"start": "00:41:26", "end": "00:41:31", "text": "There's too much glitchiness. I'm sorry"}, {"start": "00:41:28", "end": "00:41:33", "text": "everybody. So, uh, thanks so much"}, {"start": "00:41:31", "end": "00:41:34", "text": "everybody for stopping by on a Sunday."}, {"start": "00:41:33", "end": "00:41:36", "text": "We appreciate it and happy Easter"}, {"start": "00:41:34", "end": "00:41:38", "text": "everybody. Have a blessed day like we"}, {"start": "00:41:36", "end": "00:41:40", "text": "talked about. Jerry, let's I'll get"}, {"start": "00:41:38", "end": "00:41:41", "text": "Streamyard and see what the heck's going"}, {"start": "00:41:40", "end": "00:41:43", "text": "on. But that's it for this one. Thanks"}, {"start": "00:41:41", "end": "00:41:46", "text": "much everybody. We appreciate it. See"}, {"start": "00:41:43", "end": "00:41:46", "text": "you guys on the next one."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "If I've got $10,000 of Nvidia, I can't"}, {"start": "00:00:02", "end": "00:00:05", "text": "do anything with it, right? I can pledge"}, {"start": "00:00:03", "end": "00:00:06", "text": "it for a margin loan, great. But I can't"}, {"start": "00:00:05", "end": "00:00:08", "text": "pledge it for a home loan. I can't take"}, {"start": "00:00:06", "end": "00:00:10", "text": "cash out against it. If the stock loan"}, {"start": "00:00:08", "end": "00:00:12", "text": "gets tight, I get no yield. If I hold"}, {"start": "00:00:10", "end": "00:00:14", "text": "the the blockchain native token, I can"}, {"start": "00:00:12", "end": "00:00:17", "text": "enter into a smart contract either on"}, {"start": "00:00:14", "end": "00:00:19", "text": "Figure or another platform, earn yield,"}, {"start": "00:00:17", "end": "00:00:21", "text": "take cash against it. I can use as a"}, {"start": "00:00:19", "end": "00:00:23", "text": "home loan. You know, it's got utility to"}, {"start": "00:00:21", "end": "00:00:24", "text": "me. What's going on, guys? Today, we got"}, {"start": "00:00:23", "end": "00:00:27", "text": "a great conversation with Neil McDonald."}, {"start": "00:00:24", "end": "00:00:28", "text": "He's the CEO of Mumu US. And Mumu is"}, {"start": "00:00:27", "end": "00:00:30", "text": "taking over the United States. These"}, {"start": "00:00:28", "end": "00:00:32", "text": "guys are on fire and he's here to"}, {"start": "00:00:30", "end": "00:00:33", "text": "explain to us exactly what's happening."}, {"start": "00:00:32", "end": "00:00:35", "text": "Why so many retail traders now have"}, {"start": "00:00:33", "end": "00:00:37", "text": "sophisticated tools? What are they doing"}, {"start": "00:00:35", "end": "00:00:38", "text": "on the platform? How is he thinking"}, {"start": "00:00:37", "end": "00:00:40", "text": "about tokenized stocks, crypto, and"}, {"start": "00:00:38", "end": "00:00:42", "text": "various other new technologies? And then"}, {"start": "00:00:40", "end": "00:00:44", "text": "we even get into what he's doing himself"}, {"start": "00:00:42", "end": "00:00:46", "text": "on the platform. Neil's very interesting"}, {"start": "00:00:44", "end": "00:00:48", "text": "because he used to work at a bunch of"}, {"start": "00:00:46", "end": "00:00:49", "text": "very large financial institutions. He"}, {"start": "00:00:48", "end": "00:00:51", "text": "was a big dog there. He ran some of the"}, {"start": "00:00:49", "end": "00:00:52", "text": "teams. He's going to explain to us what"}, {"start": "00:00:51", "end": "00:00:54", "text": "was going on there, how the cultures"}, {"start": "00:00:52", "end": "00:00:55", "text": "worked. but now he's the CEO of a retail"}, {"start": "00:00:54", "end": "00:00:57", "text": "trading platform and he's trying to"}, {"start": "00:00:55", "end": "00:00:59", "text": "bring a lot of those types of tools or"}, {"start": "00:00:57", "end": "00:01:01", "text": "those types of approaches to the retail"}, {"start": "00:00:59", "end": "00:01:02", "text": "trader. That's you, that's me and a lot"}, {"start": "00:01:01", "end": "00:01:04", "text": "of people who are listening. Here's my"}, {"start": "00:01:02", "end": "00:01:05", "text": "conversation with Neil McDonald. All"}, {"start": "00:01:04", "end": "00:01:07", "text": "right, Neil, I thought a great place to"}, {"start": "00:01:05", "end": "00:01:08", "text": "start the conversation. Mumu is taking"}, {"start": "00:01:07", "end": "00:01:10", "text": "over the world. I think that people in"}, {"start": "00:01:08", "end": "00:01:11", "text": "the United States a couple years ago,"}, {"start": "00:01:10", "end": "00:01:12", "text": "they had never heard of this thing"}, {"start": "00:01:11", "end": "00:01:14", "text": "before. They had heard of, you know, all"}, {"start": "00:01:12", "end": "00:01:16", "text": "the other retail brokerage platforms."}, {"start": "00:01:14", "end": "00:01:17", "text": "And you guys burst on the scene. You're"}, {"start": "00:01:16", "end": "00:01:19", "text": "taking over the Subway. You got a Mets"}, {"start": "00:01:17", "end": "00:01:21", "text": "partnership. All this stuff that is"}, {"start": "00:01:19", "end": "00:01:23", "text": "marketing. But I looked into the"}, {"start": "00:01:21", "end": "00:01:25", "text": "numbers. You guys are massive. Talk a"}, {"start": "00:01:23", "end": "00:01:27", "text": "little bit as to why is Mumu being so"}, {"start": "00:01:25", "end": "00:01:29", "text": "successful on a global stage behind this"}, {"start": "00:01:27", "end": "00:01:32", "text": "whole retail trader movement."}, {"start": "00:01:29", "end": "00:01:33", "text": ">> I I think we kind of caught the the uh"}, {"start": "00:01:32", "end": "00:01:35", "text": "it's it's good timing, right? So the"}, {"start": "00:01:33", "end": "00:01:38", "text": "rise of the retail trade everyone talks"}, {"start": "00:01:35", "end": "00:01:40", "text": "about. Um so we got like Mumu is a"}, {"start": "00:01:38", "end": "00:01:43", "text": "global firm. So we started in Hong Kong."}, {"start": "00:01:40", "end": "00:01:45", "text": "Uh we came to the US about 201920. But"}, {"start": "00:01:43", "end": "00:01:47", "text": "the big push in the US has been really"}, {"start": "00:01:45", "end": "00:01:48", "text": "the past couple of years with the subway"}, {"start": "00:01:47", "end": "00:01:50", "text": "with the Mets uh and just the name"}, {"start": "00:01:48", "end": "00:01:52", "text": "recognition. We're open. We're going old"}, {"start": "00:01:50", "end": "00:01:54", "text": "school. We're opening a store back to"}, {"start": "00:01:52", "end": "00:01:57", "text": "the old Erade days with a coffee shop in"}, {"start": "00:01:54", "end": "00:01:59", "text": "it uh in Midtown on 33rd and Broadway uh"}, {"start": "00:01:57", "end": "00:02:01", "text": "just to be more visible and you know"}, {"start": "00:01:59", "end": "00:02:04", "text": "have something people can touch and"}, {"start": "00:02:01", "end": "00:02:07", "text": "trust and and and everything else. So I"}, {"start": "00:02:04", "end": "00:02:08", "text": "I I got a call two years ago from I Mu"}, {"start": "00:02:07", "end": "00:02:10", "text": "was not on my radar. It was kind of I"}, {"start": "00:02:08", "end": "00:02:10", "text": "knew all the other I've got every other"}, {"start": "00:02:10", "end": "00:02:12", "text": "platform."}, {"start": "00:02:10", "end": "00:02:14", "text": ">> No, you did you did the marathon. You"}, {"start": "00:02:12", "end": "00:02:16", "text": "you went through pretty much every major"}, {"start": "00:02:14", "end": "00:02:17", "text": "amazing finance company. You worked"}, {"start": "00:02:16", "end": "00:02:20", "text": "there and ran a very big division there,"}, {"start": "00:02:17", "end": "00:02:21", "text": "right? Morgan Stanley, uh JP Morgan. And"}, {"start": "00:02:20", "end": "00:02:23", "text": "I you just ran the gamut."}, {"start": "00:02:21", "end": "00:02:25", "text": ">> Yeah. So I was always a I ran options"}, {"start": "00:02:23", "end": "00:02:27", "text": "trading desk and quant trading desk at"}, {"start": "00:02:25", "end": "00:02:29", "text": "Citadel. I did all that kind of so I was"}, {"start": "00:02:27", "end": "00:02:31", "text": "always on the other side of the retail"}, {"start": "00:02:29", "end": "00:02:33", "text": "trader, right? I was always the guy"}, {"start": "00:02:31", "end": "00:02:36", "text": "happy to take retail. I would pay more"}, {"start": "00:02:33", "end": "00:02:39", "text": "to people like Erade and TD and those"}, {"start": "00:02:36", "end": "00:02:41", "text": "guys. Uh there's four things that retail"}, {"start": "00:02:39", "end": "00:02:43", "text": "traders have lacked, right? First was"}, {"start": "00:02:41", "end": "00:02:46", "text": "information. the information asymmetry"}, {"start": "00:02:43", "end": "00:02:48", "text": "when I started in late 80s uh I was at"}, {"start": "00:02:46", "end": "00:02:51", "text": "Goldman's and when Proctor and Gamble"}, {"start": "00:02:48", "end": "00:02:52", "text": "had their uh earnings for example that"}, {"start": "00:02:51", "end": "00:02:54", "text": "some guy would dial it in from"}, {"start": "00:02:52", "end": "00:02:57", "text": "Cincinnati to the sales guys they'd go"}, {"start": "00:02:54", "end": "00:02:59", "text": "and speak to the institutions uh the"}, {"start": "00:02:57", "end": "00:03:01", "text": "stock would move the the the all the"}, {"start": "00:02:59", "end": "00:03:03", "text": "information would be digested into the"}, {"start": "00:03:01", "end": "00:03:05", "text": "stock price and then by the time I got"}, {"start": "00:03:03", "end": "00:03:06", "text": "it up the next day as a retail guy in a"}, {"start": "00:03:05", "end": "00:03:09", "text": "Wall Street Journal or the Financial"}, {"start": "00:03:06", "end": "00:03:10", "text": "Times in the UK all the alpha's gone"}, {"start": "00:03:09", "end": "00:03:13", "text": ">> right so there is that huge information"}, {"start": "00:03:10", "end": "00:03:14", "text": "asymmetry that got solved by the"}, {"start": "00:03:13", "end": "00:03:15", "text": "internet."}, {"start": "00:03:14", "end": "00:03:18", "text": ">> And then the second thing was access. So"}, {"start": "00:03:15", "end": "00:03:22", "text": "people like Erade, Robin Hood really"}, {"start": "00:03:18", "end": "00:03:24", "text": "gave cheap fast access to to data uh to"}, {"start": "00:03:22", "end": "00:03:26", "text": "the markets themselves. And then the"}, {"start": "00:03:24", "end": "00:03:29", "text": "rise of like free trading. So Robin Hood"}, {"start": "00:03:26", "end": "00:03:32", "text": "was revolutionary back in 20134 and"}, {"start": "00:03:29", "end": "00:03:34", "text": "that's when um Futu Muma started in Hong"}, {"start": "00:03:32", "end": "00:03:37", "text": "Kong around the same time. Um so I was"}, {"start": "00:03:34", "end": "00:03:39", "text": "saying it was information they lacked so"}, {"start": "00:03:37", "end": "00:03:41", "text": "they're always going to be wrong. If you"}, {"start": "00:03:39", "end": "00:03:44", "text": "do your series 7 today, and this is in"}, {"start": "00:03:41", "end": "00:03:46", "text": "2026, they still have a qu a question"}, {"start": "00:03:44", "end": "00:03:49", "text": "and a section on a thing called the"}, {"start": "00:03:46", "end": "00:03:51", "text": "oddlot theory. And this is a real thing."}, {"start": "00:03:49", "end": "00:03:53", "text": "And that is, and this obviously before"}, {"start": "00:03:51", "end": "00:03:55", "text": "you could slice and dice orders, block"}, {"start": "00:03:53", "end": "00:03:57", "text": "trades were institutions. Small trades"}, {"start": "00:03:55", "end": "00:03:58", "text": "were retail. That's just how it was"}, {"start": "00:03:57", "end": "00:04:02", "text": "before you slice trades and did small"}, {"start": "00:03:58", "end": "00:04:04", "text": "ALGO stuff as an institution."}, {"start": "00:04:02", "end": "00:04:06", "text": "And so when the volume divided by the"}, {"start": "00:04:04", "end": "00:04:08", "text": "number of trades hits a certain level,"}, {"start": "00:04:06", "end": "00:04:10", "text": "so it's more retail participation. When"}, {"start": "00:04:08", "end": "00:04:12", "text": "that gets high, it's a sell signal and"}, {"start": "00:04:10", "end": "00:04:15", "text": "when it gets low, it's a buy signal,"}, {"start": "00:04:12", "end": "00:04:16", "text": ">> right? So they're always wrong. So we"}, {"start": "00:04:15", "end": "00:04:18", "text": "solved the internet solved the"}, {"start": "00:04:16", "end": "00:04:20", "text": "Street.com or Yahoo Finance. That's"}, {"start": "00:04:18", "end": "00:04:23", "text": "democratized information. All of a"}, {"start": "00:04:20", "end": "00:04:24", "text": "sudden, I know when the uh when the Fed"}, {"start": "00:04:23", "end": "00:04:26", "text": "changes rates, I know when an earnings"}, {"start": "00:04:24", "end": "00:04:29", "text": "report comes out, I can watch the news."}, {"start": "00:04:26", "end": "00:04:30", "text": "I can watch CNBC. I can listen to"}, {"start": "00:04:29", "end": "00:04:32", "text": "podcasts. So we all have the same"}, {"start": "00:04:30", "end": "00:04:34", "text": "information. But then do you have the"}, {"start": "00:04:32", "end": "00:04:37", "text": "access and now everyone has the access"}, {"start": "00:04:34", "end": "00:04:39", "text": "and um commission free trading so it's"}, {"start": "00:04:37", "end": "00:04:40", "text": "cheap and it's accessible. So the next"}, {"start": "00:04:39", "end": "00:04:42", "text": "step, what they didn't have is the"}, {"start": "00:04:40", "end": "00:04:44", "text": "tools, right? So you've got the access,"}, {"start": "00:04:42", "end": "00:04:46", "text": "you've got the information. How do I"}, {"start": "00:04:44", "end": "00:04:49", "text": "actually use the accessing information"}, {"start": "00:04:46", "end": "00:04:50", "text": "to make money? So the tools wise, uh, if"}, {"start": "00:04:49", "end": "00:04:52", "text": "you're looking on our platform, it's"}, {"start": "00:04:50", "end": "00:04:56", "text": "it's bonkers. It really is. It's you"}, {"start": "00:04:52", "end": "00:04:57", "text": "have on our desktop and our phone what I"}, {"start": "00:04:56", "end": "00:05:00", "text": "had at Citadel running a quant trading"}, {"start": "00:04:57", "end": "00:05:02", "text": "desk. You've got back testing. Um, it's"}, {"start": "00:05:00", "end": "00:05:05", "text": "funny. It's new year. every new year for"}, {"start": "00:05:02", "end": "00:05:08", "text": "the past maybe 10 15 years I bought the"}, {"start": "00:05:05", "end": "00:05:11", "text": "Udemy teach yourself Python course right"}, {"start": "00:05:08", "end": "00:05:13", "text": ">> I've done two lessons and given up um on"}, {"start": "00:05:11", "end": "00:05:16", "text": "our platform you don't need that anymore"}, {"start": "00:05:13", "end": "00:05:18", "text": "it's uh no code algo building so just"}, {"start": "00:05:16", "end": "00:05:20", "text": "block to block to block just if then if"}, {"start": "00:05:18", "end": "00:05:22", "text": "then if then here's is here's the crazy"}, {"start": "00:05:20", "end": "00:05:25", "text": "thing I can build an algo"}, {"start": "00:05:22", "end": "00:05:26", "text": ">> and then I can back test it on 20 years"}, {"start": "00:05:25", "end": "00:05:26", "text": "worth of data for free"}, {"start": "00:05:26", "end": "00:05:28", "text": ">> wow"}, {"start": "00:05:26", "end": "00:05:31", "text": ">> and it'll give me every entry and exit"}, {"start": "00:05:28", "end": "00:05:34", "text": "point I did every trade and how your P&L"}, {"start": "00:05:31", "end": "00:05:36", "text": "looks over time for whatever time period"}, {"start": "00:05:34", "end": "00:05:38", "text": "you choose and then if you like it you"}, {"start": "00:05:36", "end": "00:05:39", "text": "click and you run the algo and that's"}, {"start": "00:05:38", "end": "00:05:40", "text": "pretty cool right"}, {"start": "00:05:39", "end": "00:05:41", "text": ">> you know so it's great having you know"}, {"start": "00:05:40", "end": "00:05:43", "text": "but then again it's great having great"}, {"start": "00:05:41", "end": "00:05:43", "text": "tools but you have to teach people how"}, {"start": "00:05:43", "end": "00:05:46", "text": "to use them"}, {"start": "00:05:43", "end": "00:05:49", "text": ">> now as the retail tools increased in"}, {"start": "00:05:46", "end": "00:05:51", "text": "efficacy did the big bad Wall Street"}, {"start": "00:05:49", "end": "00:05:52", "text": "firms the citadels of the world etc"}, {"start": "00:05:51", "end": "00:05:54", "text": "tools obviously have increased as well"}, {"start": "00:05:52", "end": "00:05:56", "text": "so do you think that um they still have"}, {"start": "00:05:54", "end": "00:05:58", "text": "an advantage but maybe it's a little bit"}, {"start": "00:05:56", "end": "00:06:00", "text": "more of an even playing field"}, {"start": "00:05:58", "end": "00:06:01", "text": ">> it's much more even their advantage is"}, {"start": "00:06:00", "end": "00:06:01", "text": "still maybe in speed."}, {"start": "00:06:01", "end": "00:06:03", "text": ">> Mhm."}, {"start": "00:06:01", "end": "00:06:05", "text": ">> Right. So, we're we're pretty quick, but"}, {"start": "00:06:03", "end": "00:06:08", "text": "we don't have our bare metal servers,"}, {"start": "00:06:05", "end": "00:06:10", "text": "you know, three cm away from where the"}, {"start": "00:06:08", "end": "00:06:13", "text": "matching engine is, cuz we don't need"}, {"start": "00:06:10", "end": "00:06:15", "text": "super super microscond or um speed, but"}, {"start": "00:06:13", "end": "00:06:17", "text": "certainly the tools are at a par of"}, {"start": "00:06:15", "end": "00:06:18", "text": "where it was 5 years ago."}, {"start": "00:06:17", "end": "00:06:20", "text": ">> I mean, that's pretty crazy, right?"}, {"start": "00:06:18", "end": "00:06:22", "text": ">> And then with aentic AI and everything"}, {"start": "00:06:20", "end": "00:06:22", "text": "else, it really has leveled it to the"}, {"start": "00:06:22", "end": "00:06:24", "text": "point."}, {"start": "00:06:22", "end": "00:06:26", "text": ">> Mhm. Now, when you look at you guys"}, {"start": "00:06:24", "end": "00:06:27", "text": "versus many of the other retail trading"}, {"start": "00:06:26", "end": "00:06:28", "text": "platforms, what do you think the big"}, {"start": "00:06:27", "end": "00:06:30", "text": "differences are? Why have you guys had"}, {"start": "00:06:28", "end": "00:06:32", "text": "so much success? Well, so the the fourth"}, {"start": "00:06:30", "end": "00:06:34", "text": "thing is that that we lack if we go back"}, {"start": "00:06:32", "end": "00:06:37", "text": "to that for a second. So is that is um"}, {"start": "00:06:34", "end": "00:06:39", "text": "information access tools and then it's"}, {"start": "00:06:37", "end": "00:06:41", "text": "really uh risk discipline, right? Human"}, {"start": "00:06:39", "end": "00:06:44", "text": "beings are generally terrible traders on"}, {"start": "00:06:41", "end": "00:06:46", "text": "your own. So when I sat at Gas or JP"}, {"start": "00:06:44", "end": "00:06:49", "text": "Morgan, I was in a big trading floor"}, {"start": "00:06:46", "end": "00:06:50", "text": "with 500 smart people trading somebody"}, {"start": "00:06:49", "end": "00:06:52", "text": "else's money. That's kind of"}, {"start": "00:06:50", "end": "00:06:55", "text": ">> that's an easier thing to do than to be"}, {"start": "00:06:52", "end": "00:06:57", "text": "sat at home with your own money trading"}, {"start": "00:06:55", "end": "00:06:58", "text": "to try and build a financial future for"}, {"start": "00:06:57", "end": "00:07:01", "text": "yourself. stuff."}, {"start": "00:06:58", "end": "00:07:04", "text": ">> You know, human beings are emotional"}, {"start": "00:07:01", "end": "00:07:07", "text": ">> um emotional beings."}, {"start": "00:07:04", "end": "00:07:09", "text": ">> Um FOMO,"}, {"start": "00:07:07", "end": "00:07:11", "text": "uh risk aversion, all the huristics from"}, {"start": "00:07:09", "end": "00:07:14", "text": "the Chicago school, all that, you know,"}, {"start": "00:07:11", "end": "00:07:16", "text": "Tanaman, Cannaman and Terski stuff. Uh"}, {"start": "00:07:14", "end": "00:07:18", "text": "it's tough to trade cuz even when I"}, {"start": "00:07:16", "end": "00:07:21", "text": "trade on my own, so when I've had to"}, {"start": "00:07:18", "end": "00:07:23", "text": "leave a company and have a three or six"}, {"start": "00:07:21", "end": "00:07:25", "text": "month garden leave, I'm trading my own"}, {"start": "00:07:23", "end": "00:07:28", "text": "money. Terrible. Awful. Interesting. I"}, {"start": "00:07:25", "end": "00:07:30", "text": "chase stuff and I panic out and cuz it's"}, {"start": "00:07:28", "end": "00:07:33", "text": "tough. So what we have is this 29"}, {"start": "00:07:30", "end": "00:07:36", "text": "million people distributed"}, {"start": "00:07:33", "end": "00:07:39", "text": "uh crowdsourced risk management kind of"}, {"start": "00:07:36", "end": "00:07:41", "text": "um desk of people. So you'll see people"}, {"start": "00:07:39", "end": "00:07:44", "text": "when our biggest influx of cash was uh"}, {"start": "00:07:41", "end": "00:07:45", "text": "liberation day last year really just"}, {"start": "00:07:44", "end": "00:07:48", "text": "came and they bought the dip and I was"}, {"start": "00:07:45", "end": "00:07:49", "text": "on the Nvidia chat and it's every second"}, {"start": "00:07:48", "end": "00:07:50", "text": "someone's saying something but this is"}, {"start": "00:07:49", "end": "00:07:53", "text": "someone in Tokyo in Hong Kong in"}, {"start": "00:07:50", "end": "00:07:55", "text": "Singapore in Australia in Canada or in"}, {"start": "00:07:53", "end": "00:07:56", "text": "the US and I was like what do I do here"}, {"start": "00:07:55", "end": "00:07:59", "text": "and they're like no guess below 100"}, {"start": "00:07:56", "end": "00:08:00", "text": "we're all buying and it's there's like a"}, {"start": "00:07:59", "end": "00:08:02", "text": "it's like having a trading floor of"}, {"start": "00:08:00", "end": "00:08:04", "text": "people to speak to so you don't I always"}, {"start": "00:08:02", "end": "00:08:06", "text": "before I trade I say what do you think"}, {"start": "00:08:04", "end": "00:08:08", "text": "and I'll send my trades out I'll send my"}, {"start": "00:08:06", "end": "00:08:11", "text": "port portfolio out. I'll send my algos"}, {"start": "00:08:08", "end": "00:08:12", "text": "out and people will take the time to run"}, {"start": "00:08:11", "end": "00:08:14", "text": "them themselves and change parameters"}, {"start": "00:08:12", "end": "00:08:16", "text": "and say, \"Hey, here's an extra 400 basis"}, {"start": "00:08:14", "end": "00:08:17", "text": "points if you change this.\""}, {"start": "00:08:16", "end": "00:08:19", "text": ">> Interesting. And so this social"}, {"start": "00:08:17", "end": "00:08:20", "text": "component is something that most of"}, {"start": "00:08:19", "end": "00:08:21", "text": "these other platforms do not have."}, {"start": "00:08:20", "end": "00:08:22", "text": "Explain a little bit more as to how this"}, {"start": "00:08:21", "end": "00:08:24", "text": "works."}, {"start": "00:08:22", "end": "00:08:27", "text": ">> So it's something it's a bit like"}, {"start": "00:08:24", "end": "00:08:29", "text": "Wikipedia against Carter, right? Some"}, {"start": "00:08:27", "end": "00:08:30", "text": "things are organic and can't be replaced"}, {"start": "00:08:29", "end": "00:08:32", "text": "and some things you can't just throw"}, {"start": "00:08:30", "end": "00:08:34", "text": "money at. So we started this back in"}, {"start": "00:08:32", "end": "00:08:37", "text": "2013 just to make it like a a chat room"}, {"start": "00:08:34", "end": "00:08:38", "text": "for people to share ideas. One of the"}, {"start": "00:08:37", "end": "00:08:41", "text": "one of the main uh tenants in the firm"}, {"start": "00:08:38", "end": "00:08:42", "text": "is to make investing easier but not"}, {"start": "00:08:41", "end": "00:08:44", "text": "alone."}, {"start": "00:08:42", "end": "00:08:46", "text": ">> And that's super important. Um I know as"}, {"start": "00:08:44", "end": "00:08:48", "text": "I said I'm a terrible trader when it's"}, {"start": "00:08:46", "end": "00:08:50", "text": "I'm actually on my own and not talking"}, {"start": "00:08:48", "end": "00:08:53", "text": "to other people, not bouncing ideas off"}, {"start": "00:08:50", "end": "00:08:55", "text": "people. I I'll panic. I'll do all the"}, {"start": "00:08:53", "end": "00:08:57", "text": "all the trader stuff that traders do."}, {"start": "00:08:55", "end": "00:09:00", "text": "Same things I do. So this this community"}, {"start": "00:08:57", "end": "00:09:02", "text": "aspect is really really important. It's"}, {"start": "00:09:00", "end": "00:09:03", "text": "um I'm on there every single day. I have"}, {"start": "00:09:02", "end": "00:09:05", "text": "thousands of people who follow me. I"}, {"start": "00:09:03", "end": "00:09:07", "text": "follow thousands of people and I have"}, {"start": "00:09:05", "end": "00:09:09", "text": "people I really trust and I'll go what"}, {"start": "00:09:07", "end": "00:09:10", "text": "are we doing here? What are we thinking?"}, {"start": "00:09:09", "end": "00:09:11", "text": "Is this important?"}, {"start": "00:09:10", "end": "00:09:14", "text": ">> I'm thinking about behind these calls"}, {"start": "00:09:11", "end": "00:09:16", "text": "and I'll get and wait until this level"}, {"start": "00:09:14", "end": "00:09:18", "text": "before I buy them. You know what we"}, {"start": "00:09:16", "end": "00:09:20", "text": "think uh or you know I'm think where's"}, {"start": "00:09:18", "end": "00:09:22", "text": "my exit point here? So I'm trading"}, {"start": "00:09:20", "end": "00:09:23", "text": "options and where's my exit point and"}, {"start": "00:09:22", "end": "00:09:25", "text": "they go we think it's here."}, {"start": "00:09:23", "end": "00:09:27", "text": ">> So it's it's like being on the trading"}, {"start": "00:09:25", "end": "00:09:29", "text": "floor but this is people around the"}, {"start": "00:09:27", "end": "00:09:31", "text": "world. Yeah. Now do you think at some"}, {"start": "00:09:29", "end": "00:09:33", "text": "point uh you'll also be asking the AI"}, {"start": "00:09:31", "end": "00:09:35", "text": "like it right now you're talking to"}, {"start": "00:09:33", "end": "00:09:37", "text": "humans do you think that AI will also be"}, {"start": "00:09:35", "end": "00:09:38", "text": "fast enough good enough etc to"}, {"start": "00:09:37", "end": "00:09:40", "text": ">> I think so yeah"}, {"start": "00:09:38", "end": "00:09:40", "text": ">> it's interesting right because you start"}, {"start": "00:09:40", "end": "00:09:42", "text": "AI and humans"}, {"start": "00:09:40", "end": "00:09:44", "text": ">> because we have AI on the platform it"}, {"start": "00:09:42", "end": "00:09:46", "text": "does some fun stuff some of the some of"}, {"start": "00:09:44", "end": "00:09:47", "text": "the LLM stuff we've got like for example"}, {"start": "00:09:46", "end": "00:09:50", "text": "uh if you like if you're a technical"}, {"start": "00:09:47", "end": "00:09:51", "text": "trader you like double tops or head and"}, {"start": "00:09:50", "end": "00:09:54", "text": "shoulders"}, {"start": "00:09:51", "end": "00:09:56", "text": ">> you just pick one of 26 strategies you"}, {"start": "00:09:54", "end": "00:09:58", "text": "click on it and in a second it finds"}, {"start": "00:09:56", "end": "00:10:00", "text": "every stock in the universe that has the"}, {"start": "00:09:58", "end": "00:10:02", "text": "setup and shows where it's drawn."}, {"start": "00:10:00", "end": "00:10:02", "text": ">> So that's great for entry and exit"}, {"start": "00:10:02", "end": "00:10:04", "text": "points."}, {"start": "00:10:02", "end": "00:10:06", "text": ">> Mhm. So, so explain this a little more"}, {"start": "00:10:04", "end": "00:10:08", "text": "because I think this is like a very"}, {"start": "00:10:06", "end": "00:10:12", "text": "fascinating way to think about retail"}, {"start": "00:10:08", "end": "00:10:13", "text": "investing is um information and"}, {"start": "00:10:12", "end": "00:10:14", "text": "education has drastically increased. Now"}, {"start": "00:10:13", "end": "00:10:16", "text": "you got somebody at home who says, \"Hey,"}, {"start": "00:10:14", "end": "00:10:19", "text": "I like uh double tops.\" Yeah."}, {"start": "00:10:16", "end": "00:10:21", "text": ">> Okay. I I look I spend hours a day"}, {"start": "00:10:19", "end": "00:10:23", "text": "trying to find stocks that are, you"}, {"start": "00:10:21", "end": "00:10:25", "text": "know, in this uh specific formation. Um,"}, {"start": "00:10:23", "end": "00:10:27", "text": "now they can basically say to the"}, {"start": "00:10:25", "end": "00:10:29", "text": "system, go find me every double top in"}, {"start": "00:10:27", "end": "00:10:31", "text": "the US listed public stock market."}, {"start": "00:10:29", "end": "00:10:33", "text": ">> You just click it and it just it goes"}, {"start": "00:10:31", "end": "00:10:34", "text": "and it's in it's instant"}, {"start": "00:10:33", "end": "00:10:35", "text": ">> and then wish just like another click or"}, {"start": "00:10:34", "end": "00:10:37", "text": "two to be able to just buy"}, {"start": "00:10:35", "end": "00:10:38", "text": ">> and then you just click on it and it say"}, {"start": "00:10:37", "end": "00:10:39", "text": "what do you want to do here?"}, {"start": "00:10:38", "end": "00:10:40", "text": ">> Mhm."}, {"start": "00:10:39", "end": "00:10:41", "text": ">> I mean it's it's you couldn't do that as"}, {"start": "00:10:40", "end": "00:10:43", "text": "a human being."}, {"start": "00:10:41", "end": "00:10:46", "text": ">> Yeah. I mean you're you're basically"}, {"start": "00:10:43", "end": "00:10:49", "text": "automating what is uh hours and hours of"}, {"start": "00:10:46", "end": "00:10:50", "text": "uh time but also frankly prone to"}, {"start": "00:10:49", "end": "00:10:51", "text": "mistakes."}, {"start": "00:10:50", "end": "00:10:52", "text": ">> Yeah. Right. Right. I mean, you know,"}, {"start": "00:10:51", "end": "00:10:53", "text": "I'm very"}, {"start": "00:10:52", "end": "00:10:54", "text": ">> human beings are really good at like"}, {"start": "00:10:53", "end": "00:10:56", "text": "seeing patterns that aren't there."}, {"start": "00:10:54", "end": "00:10:57", "text": ">> That's what I mean. You want to you want"}, {"start": "00:10:56", "end": "00:10:59", "text": "to you want to buy, you'll find"}, {"start": "00:10:57", "end": "00:11:01", "text": "something to tell you that it's"}, {"start": "00:10:59", "end": "00:11:03", "text": ">> uh they say technical analysis is just"}, {"start": "00:11:01", "end": "00:11:04", "text": "astrology for men, right? You just draw"}, {"start": "00:11:03", "end": "00:11:06", "text": "the lines everywhere. Um but I kind of"}, {"start": "00:11:04", "end": "00:11:08", "text": "think of it like with doctors, right?"}, {"start": "00:11:06", "end": "00:11:10", "text": "like uh now AI is doing more and more"}, {"start": "00:11:08", "end": "00:11:14", "text": "reading of X-rays and there's still a"}, {"start": "00:11:10", "end": "00:11:15", "text": "doctor involved but the X-ray AI system"}, {"start": "00:11:14", "end": "00:11:17", "text": "is able to pick up things that the"}, {"start": "00:11:15", "end": "00:11:20", "text": "doctor may miss or maybe the doctor's"}, {"start": "00:11:17", "end": "00:11:22", "text": "just tired or you know been a long day"}, {"start": "00:11:20", "end": "00:11:23", "text": "or whatever. To me that's where AI"}, {"start": "00:11:22", "end": "00:11:24", "text": "becomes really really interesting is"}, {"start": "00:11:23", "end": "00:11:26", "text": "it's augmenting the human which sounds"}, {"start": "00:11:24", "end": "00:11:27", "text": "like kind of what you guys are doing"}, {"start": "00:11:26", "end": "00:11:29", "text": "where you're basically saying the human"}, {"start": "00:11:27", "end": "00:11:30", "text": "has an idea it tells the system to go"}, {"start": "00:11:29", "end": "00:11:33", "text": "find a bunch of stuff and then the human"}, {"start": "00:11:30", "end": "00:11:34", "text": "is the oversight and and double-checking"}, {"start": "00:11:33", "end": "00:11:34", "text": "and saying yes confirm I want to do"}, {"start": "00:11:34", "end": "00:11:36", "text": "this."}, {"start": "00:11:34", "end": "00:11:37", "text": ">> Yeah. I always get the do you want to"}, {"start": "00:11:36", "end": "00:11:40", "text": "trade yes or no? There's always a"}, {"start": "00:11:37", "end": "00:11:41", "text": "confirmation part to any kind of uh"}, {"start": "00:11:40", "end": "00:11:45", "text": "trade that's kind of suggested or"}, {"start": "00:11:41", "end": "00:11:47", "text": "whatever. Um but it's tough cuz it's um"}, {"start": "00:11:45", "end": "00:11:48", "text": "you know I came here I was on the"}, {"start": "00:11:47", "end": "00:11:50", "text": "subway. I was still on my phone. I was"}, {"start": "00:11:48", "end": "00:11:53", "text": "on Twitter and stuff. I was reading some"}, {"start": "00:11:50", "end": "00:11:55", "text": "of your stuff. We just were bombarded"}, {"start": "00:11:53", "end": "00:11:57", "text": "with information more so now than at any"}, {"start": "00:11:55", "end": "00:12:00", "text": "time in history. Just bombarded with"}, {"start": "00:11:57", "end": "00:12:02", "text": "opinions, views, information, data. Um"}, {"start": "00:12:00", "end": "00:12:04", "text": "so what AI does on our platform anyway"}, {"start": "00:12:02", "end": "00:12:06", "text": "just cuts through that. tries to make"}, {"start": "00:12:04", "end": "00:12:08", "text": "signals to give you actionable things to"}, {"start": "00:12:06", "end": "00:12:11", "text": "do. you know to it will suggest to you"}, {"start": "00:12:08", "end": "00:12:13", "text": "here's the summary from uh from you know"}, {"start": "00:12:11", "end": "00:12:15", "text": "the filings from you can even ask it the"}, {"start": "00:12:13", "end": "00:12:18", "text": "earnings report what was different in"}, {"start": "00:12:15", "end": "00:12:19", "text": "this earnings earnings um announcement"}, {"start": "00:12:18", "end": "00:12:21", "text": "than the last one"}, {"start": "00:12:19", "end": "00:12:22", "text": ">> and I can't do that I'm not going to go"}, {"start": "00:12:21", "end": "00:12:25", "text": "through every announcement listen to"}, {"start": "00:12:22", "end": "00:12:26", "text": "listen to the earnings call for the last"}, {"start": "00:12:25", "end": "00:12:28", "text": "three or four quarters that's just too"}, {"start": "00:12:26", "end": "00:12:32", "text": "much work but you can do that with AI so"}, {"start": "00:12:28", "end": "00:12:34", "text": "it just cuts down your research time"}, {"start": "00:12:32", "end": "00:12:35", "text": ">> you guys have all of the traditional"}, {"start": "00:12:34", "end": "00:12:36", "text": "assets you also have crypto on the"}, {"start": "00:12:35", "end": "00:12:36", "text": "platform"}, {"start": "00:12:36", "end": "00:12:38", "text": ">> crypto"}, {"start": "00:12:36", "end": "00:12:40", "text": "talk a little bit as to what do you see"}, {"start": "00:12:38", "end": "00:12:42", "text": "users actually doing on the platform?"}, {"start": "00:12:40", "end": "00:12:44", "text": "Are they mostly equities? Are they more"}, {"start": "00:12:42", "end": "00:12:45", "text": "crypto traders? Are they international,"}, {"start": "00:12:44", "end": "00:12:46", "text": "domestic, just like what are some of the"}, {"start": "00:12:45", "end": "00:12:48", "text": "patterns?"}, {"start": "00:12:46", "end": "00:12:51", "text": ">> Yes. So, so our guys are generally the"}, {"start": "00:12:48", "end": "00:12:54", "text": "uh stock guys. Uh our clients tend to be"}, {"start": "00:12:51", "end": "00:12:55", "text": "like buy and hold and longer term. Um we"}, {"start": "00:12:54", "end": "00:12:58", "text": "have more of those than kind of the"}, {"start": "00:12:55", "end": "00:13:00", "text": "in-n-out active day traders. And so for"}, {"start": "00:12:58", "end": "00:13:02", "text": "crypto, we find it's people who want to"}, {"start": "00:13:00", "end": "00:13:04", "text": "make it 5 10% of their portfolio. So"}, {"start": "00:13:02", "end": "00:13:06", "text": "they buy it through fiat. They don't"}, {"start": "00:13:04", "end": "00:13:08", "text": "have to have a wallet. It's in their"}, {"start": "00:13:06", "end": "00:13:11", "text": "account. They look at their account and"}, {"start": "00:13:08", "end": "00:13:13", "text": "even though it's it's, you know, in in"}, {"start": "00:13:11", "end": "00:13:14", "text": "digital form in in their daily"}, {"start": "00:13:13", "end": "00:13:15", "text": "statements on the phone, it just looks"}, {"start": "00:13:14", "end": "00:13:15", "text": "like stock."}, {"start": "00:13:15", "end": "00:13:16", "text": ">> Mhm."}, {"start": "00:13:15", "end": "00:13:18", "text": ">> And they buy it with fiat. We do the"}, {"start": "00:13:16", "end": "00:13:18", "text": "conversions. We do all the packing"}, {"start": "00:13:18", "end": "00:13:21", "text": "stuff."}, {"start": "00:13:18", "end": "00:13:23", "text": ">> And we actually funny off the talk about"}, {"start": "00:13:21", "end": "00:13:26", "text": "like digital stuff and tokenization. So"}, {"start": "00:13:23", "end": "00:13:29", "text": "the big deal happened in February, the"}, {"start": "00:13:26", "end": "00:13:32", "text": "the first um SEC blockchain native thing"}, {"start": "00:13:29", "end": "00:13:34", "text": "with Mike Kagny figure. So, we were the"}, {"start": "00:13:32", "end": "00:13:36", "text": ">> I I'm an investor figure and u you're a"}, {"start": "00:13:34", "end": "00:13:36", "text": "big fan of my cat. So, that was fun to"}, {"start": "00:13:36", "end": "00:13:38", "text": "see."}, {"start": "00:13:36", "end": "00:13:40", "text": ">> I was talking to I was talking to him"}, {"start": "00:13:38", "end": "00:13:42", "text": "yesterday. Um so, we he had there was a"}, {"start": "00:13:40", "end": "00:13:45", "text": "tight deadline for the S1. It ran out on"}, {"start": "00:13:42", "end": "00:13:48", "text": "I think Feb 16th. U they only got the"}, {"start": "00:13:45", "end": "00:13:50", "text": "okay on the Thursday before and we were"}, {"start": "00:13:48", "end": "00:13:52", "text": "the only broker with the technical"}, {"start": "00:13:50", "end": "00:13:53", "text": "ability to make that happen."}, {"start": "00:13:52", "end": "00:13:54", "text": ">> Interesting."}, {"start": "00:13:53", "end": "00:13:57", "text": ">> So, on our platform, you buy it with"}, {"start": "00:13:54", "end": "00:13:59", "text": "stock. You just it's a US dollar asset"}, {"start": "00:13:57", "end": "00:14:01", "text": "on our platform. on the back end we"}, {"start": "00:13:59", "end": "00:14:04", "text": "convert to YLts and then we get it"}, {"start": "00:14:01", "end": "00:14:07", "text": "minted on open platform on on on figure."}, {"start": "00:14:04", "end": "00:14:09", "text": "So the only place you can buy it outside"}, {"start": "00:14:07", "end": "00:14:10", "text": "of figure ATS is through MU."}, {"start": "00:14:09", "end": "00:14:11", "text": "Interesting."}, {"start": "00:14:10", "end": "00:14:12", "text": ">> So so we did that and we think there's"}, {"start": "00:14:11", "end": "00:14:13", "text": "going to be many more of those."}, {"start": "00:14:12", "end": "00:14:15", "text": ">> I was going to say do you think that"}, {"start": "00:14:13", "end": "00:14:17", "text": "over the next five or 10 years like what"}, {"start": "00:14:15", "end": "00:14:18", "text": "percentage of the stocks that people are"}, {"start": "00:14:17", "end": "00:14:20", "text": "buying on your platform will be"}, {"start": "00:14:18", "end": "00:14:21", "text": "tokenized versions versus kind of the"}, {"start": "00:14:20", "end": "00:14:24", "text": "traditional electronic us?"}, {"start": "00:14:21", "end": "00:14:25", "text": ">> I think Mikey would say 100%."}, {"start": "00:14:24", "end": "00:14:28", "text": ">> 100%. Yeah."}, {"start": "00:14:25", "end": "00:14:31", "text": ">> Um we're just hoping maybe with uh"}, {"start": "00:14:28", "end": "00:14:33", "text": "things like OpenAI and you know um and"}, {"start": "00:14:31", "end": "00:14:35", "text": "the the big IPOs coming that those guys"}, {"start": "00:14:33", "end": "00:14:36", "text": "are fairly technically advanced in it"}, {"start": "00:14:35", "end": "00:14:39", "text": "would they would make some portion of"}, {"start": "00:14:36", "end": "00:14:42", "text": "those blockchain native you know so I"}, {"start": "00:14:39", "end": "00:14:44", "text": "mean we we took down a third of the IPO"}, {"start": "00:14:42", "end": "00:14:45", "text": ">> our clients so I actually asked our"}, {"start": "00:14:44", "end": "00:14:47", "text": "client why did you buy it? They there"}, {"start": "00:14:45", "end": "00:14:50", "text": "was they wanted to be to buy the first"}, {"start": "00:14:47", "end": "00:14:52", "text": "ever SEC registered tokenized security"}, {"start": "00:14:50", "end": "00:14:54", "text": "on on the platform. And then also you"}, {"start": "00:14:52", "end": "00:14:56", "text": "can earn yield, right? There's no, you"}, {"start": "00:14:54", "end": "00:14:58", "text": "know, if I've got $10,000 of Nvidia, I"}, {"start": "00:14:56", "end": "00:15:00", "text": "can't do anything with it, right? I can"}, {"start": "00:14:58", "end": "00:15:02", "text": "pledge it for a margin loan, great. But"}, {"start": "00:15:00", "end": "00:15:04", "text": "I can't pledge it for a home loan, I"}, {"start": "00:15:02", "end": "00:15:06", "text": "can't take cash out against it. Uh if"}, {"start": "00:15:04", "end": "00:15:06", "text": "the stock loan gets tight, I get no"}, {"start": "00:15:06", "end": "00:15:09", "text": "yield. Mhm."}, {"start": "00:15:06", "end": "00:15:11", "text": ">> But if I own the if I hold the um the"}, {"start": "00:15:09", "end": "00:15:13", "text": "blockchain native token, I can enter"}, {"start": "00:15:11", "end": "00:15:16", "text": "into a smart contract either on Figure"}, {"start": "00:15:13", "end": "00:15:18", "text": "or another platform, earn yield. Um I"}, {"start": "00:15:16", "end": "00:15:21", "text": "can take that and um take cash against"}, {"start": "00:15:18", "end": "00:15:23", "text": "it. I can use as a home loan. You know,"}, {"start": "00:15:21", "end": "00:15:26", "text": "it's got utility to me that just a stock"}, {"start": "00:15:23", "end": "00:15:29", "text": "in a stock um portfolio has very little"}, {"start": "00:15:26", "end": "00:15:31", "text": "utility apart from collateral for"}, {"start": "00:15:29", "end": "00:15:33", "text": "margin. Today's episode is brought to"}, {"start": "00:15:31", "end": "00:15:35", "text": "you by Uphold. Are you someone who's"}, {"start": "00:15:33", "end": "00:15:36", "text": "tired of juggling multiple apps just to"}, {"start": "00:15:35", "end": "00:15:38", "text": "trade, earn, stake, or spend your"}, {"start": "00:15:36", "end": "00:15:41", "text": "crypto? Then listen up because Uphold"}, {"start": "00:15:38", "end": "00:15:43", "text": "does all of that in one single unified"}, {"start": "00:15:41", "end": "00:15:45", "text": "platform. You can access 300 plus crypto"}, {"start": "00:15:43", "end": "00:15:47", "text": "and fiat currencies with an interface"}, {"start": "00:15:45", "end": "00:15:49", "text": "that works for you whether you're a"}, {"start": "00:15:47", "end": "00:15:52", "text": "beginner or an expert. Uphold also"}, {"start": "00:15:49", "end": "00:15:54", "text": "features any to any swaps where you can"}, {"start": "00:15:52", "end": "00:15:56", "text": "swap crypto to fiat, fiat to metals, and"}, {"start": "00:15:54", "end": "00:15:59", "text": "tokens to tokens directly in the app. If"}, {"start": "00:15:56", "end": "00:16:01", "text": "you prefer self-custody, Uphold's vault"}, {"start": "00:15:59", "end": "00:16:03", "text": "gives you multi-stick security, key"}, {"start": "00:16:01", "end": "00:16:04", "text": "recovery, direct trading access, and"}, {"start": "00:16:03", "end": "00:16:07", "text": "peace of mind without giving up"}, {"start": "00:16:04", "end": "00:16:08", "text": "convenience. Uphold is also 100%"}, {"start": "00:16:07", "end": "00:16:10", "text": "reserved, meaning no fractional"}, {"start": "00:16:08", "end": "00:16:12", "text": "practices, and proof of reserves are"}, {"start": "00:16:10", "end": "00:16:16", "text": "updated every 30 seconds, so you can"}, {"start": "00:16:12", "end": "00:16:17", "text": "verify your assets anytime. For US, you"}, {"start": "00:16:16", "end": "00:16:20", "text": "can even earn yield on dollars with the"}, {"start": "00:16:17", "end": "00:16:21", "text": "USD interest account. No fees, no"}, {"start": "00:16:20", "end": "00:16:24", "text": "minimums, and funds are insured up to"}, {"start": "00:16:21", "end": "00:16:27", "text": "$2.5 million through the Atomic Cash"}, {"start": "00:16:24", "end": "00:16:29", "text": "Suite program. If you want one app for"}, {"start": "00:16:27", "end": "00:16:32", "text": "your entire digital asset life, check"}, {"start": "00:16:29", "end": "00:16:35", "text": "out Uphold today. Go to upph uphold.com"}, {"start": "00:16:32", "end": "00:16:37", "text": "to learn more. Uphold.com. Go check them"}, {"start": "00:16:35", "end": "00:16:38", "text": "out today."}, {"start": "00:16:37", "end": "00:16:40", "text": "Today's episode is brought to you by"}, {"start": "00:16:38", "end": "00:16:42", "text": "Arch Public. I absolutely love these"}, {"start": "00:16:40", "end": "00:16:44", "text": "guys. Arch Public is an agentic trading"}, {"start": "00:16:42", "end": "00:16:45", "text": "platform that automates the buying and"}, {"start": "00:16:44", "end": "00:16:47", "text": "selling of your preferred crypto"}, {"start": "00:16:45", "end": "00:16:49", "text": "strategies using sophisticated"}, {"start": "00:16:47", "end": "00:16:51", "text": "algorithms like the intelligence,"}, {"start": "00:16:49", "end": "00:16:52", "text": "arbitrage, and oracle protocols. Arch"}, {"start": "00:16:51", "end": "00:16:55", "text": "Public executes advanced automated"}, {"start": "00:16:52", "end": "00:16:57", "text": "crypto strategy fully customized to your"}, {"start": "00:16:55", "end": "00:16:59", "text": "goals. Is your aim to accumulate Bitcoin"}, {"start": "00:16:57", "end": "00:17:01", "text": "during market dips, generate profits"}, {"start": "00:16:59", "end": "00:17:04", "text": "from Ethereum volatility, or sell Salana"}, {"start": "00:17:01", "end": "00:17:06", "text": "or XRP in layers as it reclaims all-time"}, {"start": "00:17:04", "end": "00:17:08", "text": "highs? If so, Arch Public is built for"}, {"start": "00:17:06", "end": "00:17:11", "text": "you. Are you worried about doing it"}, {"start": "00:17:08", "end": "00:17:13", "text": "alone? No problem. Arch Public provides"}, {"start": "00:17:11", "end": "00:17:15", "text": "everyone, yes, everyone, with hands-on"}, {"start": "00:17:13", "end": "00:17:17", "text": "dedicated support from their concierge"}, {"start": "00:17:15", "end": "00:17:19", "text": "team to help implement the strategy that"}, {"start": "00:17:17", "end": "00:17:21", "text": "you choose. As a preferred trading"}, {"start": "00:17:19", "end": "00:17:24", "text": "partner of Coinbase, Kraken, Robin Hood,"}, {"start": "00:17:21", "end": "00:17:26", "text": "and Gemini, Arch Public offers a proven"}, {"start": "00:17:24", "end": "00:17:28", "text": "track record of security and performance"}, {"start": "00:17:26", "end": "00:17:30", "text": "so that you can trade with confidence."}, {"start": "00:17:28", "end": "00:17:32", "text": "Sign up today at archpub.com and start"}, {"start": "00:17:30", "end": "00:17:35", "text": "your automated trading strategy for"}, {"start": "00:17:32", "end": "00:17:37", "text": "free. No catch, no hidden fees, just"}, {"start": "00:17:35", "end": "00:17:40", "text": "smarter trading. Your crypto, your"}, {"start": "00:17:37", "end": "00:17:42", "text": "exchange, your profits. Archpublic. Go"}, {"start": "00:17:40", "end": "00:17:45", "text": "to archpubic.com and tell them I sent"}, {"start": "00:17:42", "end": "00:17:48", "text": "you. Mhm. Yeah. It's fascinating to see."}, {"start": "00:17:45", "end": "00:17:49", "text": "Um on one hand you've got crypto assets"}, {"start": "00:17:48", "end": "00:17:51", "text": "that are trying to get into the"}, {"start": "00:17:49", "end": "00:17:53", "text": "regulated system. On the other hand"}, {"start": "00:17:51", "end": "00:17:54", "text": "you've got things like a hyperlquid or"}, {"start": "00:17:53", "end": "00:17:56", "text": "something right that's trying to"}, {"start": "00:17:54", "end": "00:17:58", "text": "basically create uh the like"}, {"start": "00:17:56", "end": "00:18:00", "text": "cryptonative decentralized you know"}, {"start": "00:17:58", "end": "00:18:02", "text": "version and both are working. I think"}, {"start": "00:18:00", "end": "00:18:03", "text": "that's the part like to me that's the"}, {"start": "00:18:02", "end": "00:18:04", "text": "biggest thing is it's not either or it's"}, {"start": "00:18:03", "end": "00:18:05", "text": "both it seems"}, {"start": "00:18:04", "end": "00:18:07", "text": ">> and you saw on you know one of the"}, {"start": "00:18:05", "end": "00:18:09", "text": "biggest traded contracts on hyper liquid"}, {"start": "00:18:07", "end": "00:18:11", "text": "was oil. So people like permissionless."}, {"start": "00:18:09", "end": "00:18:12", "text": "There'll be a certain sector of the"}, {"start": "00:18:11", "end": "00:18:14", "text": "investor base and the client base who"}, {"start": "00:18:12", "end": "00:18:15", "text": "always want to do permissionless stuff."}, {"start": "00:18:14", "end": "00:18:17", "text": "And then there's people who want to"}, {"start": "00:18:15", "end": "00:18:19", "text": "trade on a platform that's secure,"}, {"start": "00:18:17", "end": "00:18:22", "text": "that's guaranteed they can and they're"}, {"start": "00:18:19", "end": "00:18:24", "text": "used to using the tools for stocks. Um"}, {"start": "00:18:22", "end": "00:18:25", "text": "so what we didn't rush into crypto, we"}, {"start": "00:18:24", "end": "00:18:28", "text": "took our time."}, {"start": "00:18:25", "end": "00:18:29", "text": ">> So we wanted to try and um you know"}, {"start": "00:18:28", "end": "00:18:31", "text": "bring some rigor, discipline,"}, {"start": "00:18:29", "end": "00:18:33", "text": "transparency to the process and just"}, {"start": "00:18:31", "end": "00:18:34", "text": "make trading crypto just like trading"}, {"start": "00:18:33", "end": "00:18:35", "text": "stocks."}, {"start": "00:18:34", "end": "00:18:36", "text": ">> What about with the options? Like it"}, {"start": "00:18:35", "end": "00:18:38", "text": "seems like retail investors have, you"}, {"start": "00:18:36", "end": "00:18:40", "text": "know, really flocked to options trading."}, {"start": "00:18:38", "end": "00:18:43", "text": "Um zero day options now are the most"}, {"start": "00:18:40", "end": "00:18:45", "text": "popular option. Um there's, you know,"}, {"start": "00:18:43", "end": "00:18:46", "text": "potential pitfalls with so many people"}, {"start": "00:18:45", "end": "00:18:48", "text": "trading options, but it does feel like"}, {"start": "00:18:46", "end": "00:18:51", "text": "this is a huge part of uh the market."}, {"start": "00:18:48", "end": "00:18:52", "text": ">> Yeah, we we spe our option product is"}, {"start": "00:18:51", "end": "00:18:54", "text": "probably the strongest product we have"}, {"start": "00:18:52", "end": "00:18:55", "text": "and that's kind of our one of our"}, {"start": "00:18:54", "end": "00:18:57", "text": "advantages over the some of our"}, {"start": "00:18:55", "end": "00:18:58", "text": "competition is some of the tools we"}, {"start": "00:18:57", "end": "00:19:01", "text": "have. We have so I've been trading"}, {"start": "00:18:58", "end": "00:19:03", "text": "options for 35 plus years. You know,"}, {"start": "00:19:01", "end": "00:19:06", "text": "people say AI and tools will take your"}, {"start": "00:19:03", "end": "00:19:08", "text": "job. All my knowledge is worth zero"}, {"start": "00:19:06", "end": "00:19:08", "text": "right now. All that experience is worth"}, {"start": "00:19:08", "end": "00:19:10", "text": "nothing."}, {"start": "00:19:08", "end": "00:19:12", "text": ">> We have a thing called option strategy"}, {"start": "00:19:10", "end": "00:19:15", "text": "builder where you say I'm very bullish"}, {"start": "00:19:12", "end": "00:19:17", "text": "bullish, neutral, bearish, very bearish."}, {"start": "00:19:15", "end": "00:19:20", "text": ">> You can set a slider for your risk"}, {"start": "00:19:17", "end": "00:19:21", "text": "tolerance um for your um for the tenor"}, {"start": "00:19:20", "end": "00:19:25", "text": "you want to go out and it will just"}, {"start": "00:19:21", "end": "00:19:29", "text": "build you the strategy and show you all"}, {"start": "00:19:25", "end": "00:19:31", "text": "the payoffs all in um image format. And"}, {"start": "00:19:29", "end": "00:19:33", "text": "then you can just uh slide the strike"}, {"start": "00:19:31", "end": "00:19:35", "text": "slide um whether you want to take more"}, {"start": "00:19:33", "end": "00:19:37", "text": "risk or less risk and it will build a"}, {"start": "00:19:35", "end": "00:19:40", "text": "strategy and you can click trade it"}, {"start": "00:19:37", "end": "00:19:42", "text": "straight through the interface. So it's"}, {"start": "00:19:40", "end": "00:19:44", "text": "almost uh obiscating away some of the"}, {"start": "00:19:42", "end": "00:19:46", "text": "technical components of it and you're"}, {"start": "00:19:44", "end": "00:19:46", "text": "more so the user interface is making it"}, {"start": "00:19:46", "end": "00:19:48", "text": "much easier to interact with"}, {"start": "00:19:46", "end": "00:19:50", "text": ">> because you can just see your payoffs"}, {"start": "00:19:48", "end": "00:19:52", "text": "and then for zero DTES as you know you"}, {"start": "00:19:50", "end": "00:19:55", "text": "know gamma goes to infinity"}, {"start": "00:19:52", "end": "00:19:58", "text": "five to four and so one thing we have we"}, {"start": "00:19:55", "end": "00:20:01", "text": "have a trading stop on zero DTE"}, {"start": "00:19:58", "end": "00:20:04", "text": ">> so I use that I never enter into a zero"}, {"start": "00:20:01", "end": "00:20:05", "text": "TT but a trading stop especially because"}, {"start": "00:20:04", "end": "00:20:07", "text": "you want to catch that wizoo right you"}, {"start": "00:20:05", "end": "00:20:10", "text": "want to go it's 10 cents it's not it's a"}, {"start": "00:20:07", "end": "00:20:10", "text": "$150 um but then It's $150 and it's 10"}, {"start": "00:20:10", "end": "00:20:13", "text": "cents again."}, {"start": "00:20:10", "end": "00:20:14", "text": ">> So I use tra I use our trading stops"}, {"start": "00:20:13", "end": "00:20:15", "text": ">> so I know if it goes up and it's down by"}, {"start": "00:20:14", "end": "00:20:16", "text": "10 I'm out."}, {"start": "00:20:15", "end": "00:20:18", "text": ">> Yeah. How important is it that you're"}, {"start": "00:20:16", "end": "00:20:20", "text": "trading on the platform as well?"}, {"start": "00:20:18", "end": "00:20:22", "text": ">> I make all the mistakes. So like this is"}, {"start": "00:20:20", "end": "00:20:25", "text": "what the uh your normal average uh"}, {"start": "00:20:22", "end": "00:20:27", "text": "trader will do. So I I use it and you"}, {"start": "00:20:25", "end": "00:20:28", "text": "know we have everything we do is we have"}, {"start": "00:20:27", "end": "00:20:31", "text": "this system called andon. I think it"}, {"start": "00:20:28", "end": "00:20:33", "text": "came from Toyota that um every change we"}, {"start": "00:20:31", "end": "00:20:35", "text": "make is driven by clients. So people"}, {"start": "00:20:33", "end": "00:20:37", "text": "make suggestions, I make suggestions"}, {"start": "00:20:35", "end": "00:20:38", "text": "that goes when it's a certain level goes"}, {"start": "00:20:37", "end": "00:20:41", "text": "straight to our product guys and then"}, {"start": "00:20:38", "end": "00:20:42", "text": "they start. So it's not we it's not like"}, {"start": "00:20:41", "end": "00:20:43", "text": "I'm thinking this would be a great"}, {"start": "00:20:42", "end": "00:20:44", "text": "feature. It's when people ask for the"}, {"start": "00:20:43", "end": "00:20:48", "text": "features."}, {"start": "00:20:44", "end": "00:20:50", "text": ">> Mhm. Mhm. Yeah. But you as the uh leader"}, {"start": "00:20:48", "end": "00:20:53", "text": "of the business, you are like touching"}, {"start": "00:20:50", "end": "00:20:54", "text": "the problem, right? Yeah. Yeah. It feels"}, {"start": "00:20:53", "end": "00:20:56", "text": "like that would be pretty important."}, {"start": "00:20:54", "end": "00:20:57", "text": ">> Yeah. So I I make suggestions and we can"}, {"start": "00:20:56", "end": "00:20:59", "text": "do this better. Here's what I'd like to"}, {"start": "00:20:57", "end": "00:21:02", "text": "see. And then it goes we to a group of"}, {"start": "00:20:59", "end": "00:21:04", "text": "people. We discuss and then Yeah. But we"}, {"start": "00:21:02", "end": "00:21:07", "text": "we actually turn out product really"}, {"start": "00:21:04", "end": "00:21:10", "text": "quickly. We got 4,000 you got 4,000"}, {"start": "00:21:07", "end": "00:21:13", "text": "people um globally 3,000 of them are in"}, {"start": "00:21:10", "end": "00:21:14", "text": "product development and um yeah product"}, {"start": "00:21:13", "end": "00:21:16", "text": "and dev."}, {"start": "00:21:14", "end": "00:21:18", "text": ">> You've made a huge push into these IPO"}, {"start": "00:21:16", "end": "00:21:19", "text": "allocations and really advocated for"}, {"start": "00:21:18", "end": "00:21:21", "text": "retail investors to get bigger and"}, {"start": "00:21:19", "end": "00:21:22", "text": "bigger portions. What have you seen"}, {"start": "00:21:21", "end": "00:21:24", "text": "there in that effort? Yeah, I mean we've"}, {"start": "00:21:22", "end": "00:21:26", "text": "had most success with with people like"}, {"start": "00:21:24", "end": "00:21:29", "text": "Mike Kagny, Mike Bell because they're"}, {"start": "00:21:26", "end": "00:21:30", "text": "disruptive people by nature. And so they"}, {"start": "00:21:29", "end": "00:21:32", "text": "look at, you know, they made their money"}, {"start": "00:21:30", "end": "00:21:34", "text": "by looking at a a legacy ecosystem"}, {"start": "00:21:32", "end": "00:21:37", "text": "saying that doesn't make sense. I can do"}, {"start": "00:21:34", "end": "00:21:40", "text": "that better, cheaper, faster. Um so they"}, {"start": "00:21:37", "end": "00:21:42", "text": "look at the, you know, um you go to an"}, {"start": "00:21:40", "end": "00:21:44", "text": "investment bank and you have to pay them"}, {"start": "00:21:42", "end": "00:21:46", "text": "to tell you your price should be this so"}, {"start": "00:21:44", "end": "00:21:48", "text": "they can send it to their institutional"}, {"start": "00:21:46", "end": "00:21:50", "text": "um clients and there's a conflict of"}, {"start": "00:21:48", "end": "00:21:52", "text": "interest there or people can see that as"}, {"start": "00:21:50", "end": "00:21:53", "text": "a conflict of interest. So we went"}, {"start": "00:21:52", "end": "00:21:55", "text": "directly to these guys or we went"}, {"start": "00:21:53", "end": "00:21:57", "text": "through uh some of the banks. We said"}, {"start": "00:21:55", "end": "00:21:59", "text": "listen um we can show you all the data."}, {"start": "00:21:57", "end": "00:22:01", "text": "Retail is not the idea the narrative"}, {"start": "00:21:59", "end": "00:22:04", "text": "that retail is a flipper is not the"}, {"start": "00:22:01", "end": "00:22:06", "text": "case. So we have all the data. If I take"}, {"start": "00:22:04", "end": "00:22:08", "text": "a figure or bullish for example we've"}, {"start": "00:22:06", "end": "00:22:09", "text": "been net buyers of the stock every week"}, {"start": "00:22:08", "end": "00:22:10", "text": "since the IPO."}, {"start": "00:22:09", "end": "00:22:11", "text": ">> Interesting."}, {"start": "00:22:10", "end": "00:22:13", "text": ">> So we have more people who hold the"}, {"start": "00:22:11", "end": "00:22:14", "text": "stock now than actually we got"}, {"start": "00:22:13", "end": "00:22:15", "text": "allocation for."}, {"start": "00:22:14", "end": "00:22:16", "text": ">> Yeah. I mean great great for those"}, {"start": "00:22:15", "end": "00:22:17", "text": "businesses. Right."}, {"start": "00:22:16", "end": "00:22:20", "text": ">> And we and we get huge amounts of"}, {"start": "00:22:17", "end": "00:22:22", "text": "demand. Bitco $200 million deal. Well, I"}, {"start": "00:22:20", "end": "00:22:25", "text": "know it's down uh from its its price,"}, {"start": "00:22:22", "end": "00:22:26", "text": "but we had like almost $700 million of"}, {"start": "00:22:25", "end": "00:22:30", "text": "um demand."}, {"start": "00:22:26", "end": "00:22:32", "text": ">> Wow. Um you've been friends with Jordi"}, {"start": "00:22:30", "end": "00:22:34", "text": "Visser for a long time. Jord's a star of"}, {"start": "00:22:32", "end": "00:22:36", "text": "the show. We might have to change it to"}, {"start": "00:22:34", "end": "00:22:38", "text": "Pomp and Jordy show. Um but"}, {"start": "00:22:36", "end": "00:22:40", "text": ">> Jordy and Pompa maybe."}, {"start": "00:22:38", "end": "00:22:42", "text": ">> Yeah. At this point, why even have my"}, {"start": "00:22:40", "end": "00:22:44", "text": "name in it? This is a Jordy show. Um"}, {"start": "00:22:42", "end": "00:22:46", "text": "talk a little bit about the early days"}, {"start": "00:22:44", "end": "00:22:47", "text": "of Morgan Stanley and your career and"}, {"start": "00:22:46", "end": "00:22:49", "text": "kind of what you learned there. And then"}, {"start": "00:22:47", "end": "00:22:51", "text": "also I think Citadel is a pretty"}, {"start": "00:22:49", "end": "00:22:54", "text": "interesting place that you know most"}, {"start": "00:22:51", "end": "00:22:55", "text": "people with your pedigree and experience"}, {"start": "00:22:54", "end": "00:22:56", "text": "they don't kind of flip over on the"}, {"start": "00:22:55", "end": "00:22:58", "text": "other side of the table and I think it's"}, {"start": "00:22:56", "end": "00:23:00", "text": "very fascinating. You worked at some of"}, {"start": "00:22:58", "end": "00:23:02", "text": "these places that are you know uh very"}, {"start": "00:23:00", "end": "00:23:03", "text": "well respected for a long time for the"}, {"start": "00:23:02", "end": "00:23:04", "text": "culture they built the quality of the"}, {"start": "00:23:03", "end": "00:23:05", "text": "people the tools they built. So talk a"}, {"start": "00:23:04", "end": "00:23:08", "text": "little bit about that."}, {"start": "00:23:05", "end": "00:23:10", "text": ">> Yeah I what I remember about Gman's"}, {"start": "00:23:08", "end": "00:23:12", "text": "Morgan Stanley JP Morgan said I think"}, {"start": "00:23:10", "end": "00:23:15", "text": "culture was the main thing. There was a"}, {"start": "00:23:12", "end": "00:23:17", "text": "culture of excellence of uh being humble"}, {"start": "00:23:15", "end": "00:23:19", "text": "um never thinking you're right all the"}, {"start": "00:23:17", "end": "00:23:21", "text": "time collaboration. So when I joined"}, {"start": "00:23:19", "end": "00:23:23", "text": "Goldman there was maybe 4,000 people"}, {"start": "00:23:21", "end": "00:23:25", "text": "globally when it was still a partnership"}, {"start": "00:23:23", "end": "00:23:26", "text": ">> and it felt like you were part of"}, {"start": "00:23:25", "end": "00:23:28", "text": "something that that was really really"}, {"start": "00:23:26", "end": "00:23:29", "text": "important to me and I've been looking to"}, {"start": "00:23:28", "end": "00:23:30", "text": "work at places that have had that kind"}, {"start": "00:23:29", "end": "00:23:33", "text": "of"}, {"start": "00:23:30", "end": "00:23:34", "text": ">> uh it doesn't feel too corporate."}, {"start": "00:23:33", "end": "00:23:36", "text": "Obviously they're large banks but you"}, {"start": "00:23:34", "end": "00:23:38", "text": "know within groups of people you're"}, {"start": "00:23:36", "end": "00:23:39", "text": "working with very smart people who are"}, {"start": "00:23:38", "end": "00:23:42", "text": "all trying to get to the same point."}, {"start": "00:23:39", "end": "00:23:44", "text": ">> Mhm. So, uh, Mumu is is exactly like"}, {"start": "00:23:42", "end": "00:23:46", "text": "that. It feels like a startup. It feels"}, {"start": "00:23:44", "end": "00:23:48", "text": "exciting. So, when I've been at the"}, {"start": "00:23:46", "end": "00:23:49", "text": "banks, I've always done the more cutting"}, {"start": "00:23:48", "end": "00:23:51", "text": "edge stuff. So, with Jordi, when I was"}, {"start": "00:23:49", "end": "00:23:52", "text": "at Morgan Stanley, uh, we were index"}, {"start": "00:23:51", "end": "00:23:54", "text": "option traders together. I was doing"}, {"start": "00:23:52", "end": "00:23:58", "text": "Europe, he was doing the S&P,"}, {"start": "00:23:54", "end": "00:23:59", "text": ">> and then when the, um, when the ISC was"}, {"start": "00:23:58", "end": "00:24:02", "text": "formed in 99, the first electronic"}, {"start": "00:23:59", "end": "00:24:04", "text": "options exchange, uh, I co-led that"}, {"start": "00:24:02", "end": "00:24:06", "text": "group. So, I got into the automated"}, {"start": "00:24:04", "end": "00:24:08", "text": "market making, and then that led to the"}, {"start": "00:24:06", "end": "00:24:10", "text": "the quant algo trading at Citadel and at"}, {"start": "00:24:08", "end": "00:24:12", "text": "JP Morgan. built globally their"}, {"start": "00:24:10", "end": "00:24:13", "text": "electronic market making business. So"}, {"start": "00:24:12", "end": "00:24:15", "text": "the tools to trade have always been"}, {"start": "00:24:13", "end": "00:24:17", "text": "something I've been interested in."}, {"start": "00:24:15", "end": "00:24:18", "text": ">> And then that kind of was natural when"}, {"start": "00:24:17", "end": "00:24:21", "text": "it comes to someone like Mumu that feels"}, {"start": "00:24:18", "end": "00:24:25", "text": "like a startup. Um a bunch of super"}, {"start": "00:24:21", "end": "00:24:27", "text": "smart people all working really hard. Uh"}, {"start": "00:24:25", "end": "00:24:29", "text": "a lack of egos. It's it's it's the"}, {"start": "00:24:27", "end": "00:24:31", "text": "favorite place. It's I would say it's"}, {"start": "00:24:29", "end": "00:24:32", "text": "it's my favorite place to have worked in"}, {"start": "00:24:31", "end": "00:24:36", "text": "all of my career. Yeah."}, {"start": "00:24:32", "end": "00:24:37", "text": ">> Wow. And when you think about uh this"}, {"start": "00:24:36", "end": "00:24:38", "text": "business, I think one of the things"}, {"start": "00:24:37", "end": "00:24:40", "text": "that's really interesting is you've got"}, {"start": "00:24:38", "end": "00:24:41", "text": "a lot of fronts that you've got to uh"}, {"start": "00:24:40", "end": "00:24:42", "text": "kind of manage, right? You've obvious"}, {"start": "00:24:41", "end": "00:24:44", "text": "got the internal team and the culture"}, {"start": "00:24:42", "end": "00:24:46", "text": "and things that every business has to"}, {"start": "00:24:44", "end": "00:24:48", "text": "deal with. You're building technology."}, {"start": "00:24:46", "end": "00:24:49", "text": "So there's all the product and dev work"}, {"start": "00:24:48", "end": "00:24:51", "text": "that you got to do, but you're building"}, {"start": "00:24:49", "end": "00:24:53", "text": "it in a dynamic environment where, you"}, {"start": "00:24:51", "end": "00:24:55", "text": "know, 10 years ago crypto wasn't a thing"}, {"start": "00:24:53", "end": "00:24:57", "text": "really uh for a lot of these platforms."}, {"start": "00:24:55", "end": "00:24:58", "text": "Now it's tokenization, prediction"}, {"start": "00:24:57", "end": "00:24:59", "text": "market. I mean, it's just every day"}, {"start": "00:24:58", "end": "00:25:01", "text": "there's something new. And then you've"}, {"start": "00:24:59", "end": "00:25:03", "text": "also got to deal with regulation on top"}, {"start": "00:25:01", "end": "00:25:05", "text": "of that. And so talk about how do you"}, {"start": "00:25:03", "end": "00:25:06", "text": "like like what does your normal day look"}, {"start": "00:25:05", "end": "00:25:07", "text": "like? How do you handle so much"}, {"start": "00:25:06", "end": "00:25:09", "text": "complexity?"}, {"start": "00:25:07", "end": "00:25:10", "text": ">> I think that's a good point. So we're a"}, {"start": "00:25:09", "end": "00:25:12", "text": "fintech company but we're a broker"}, {"start": "00:25:10", "end": "00:25:13", "text": "dealer, right? So it's it's you can't be"}, {"start": "00:25:12", "end": "00:25:16", "text": "like a fintech that just throws things"}, {"start": "00:25:13", "end": "00:25:17", "text": "against the wall and breaks things and"}, {"start": "00:25:16", "end": "00:25:18", "text": "because you can't cuz if you break one"}, {"start": "00:25:17", "end": "00:25:20", "text": "thing and people can't trade, you're out"}, {"start": "00:25:18", "end": "00:25:23", "text": "of business, right? And then you know"}, {"start": "00:25:20", "end": "00:25:26", "text": "we're regulated by FINRA uh registered"}, {"start": "00:25:23", "end": "00:25:28", "text": "with the SEC. Um so we you know a large"}, {"start": "00:25:26", "end": "00:25:30", "text": "part of our US offers is compliance,"}, {"start": "00:25:28", "end": "00:25:33", "text": ">> right? So it's protecting the customer."}, {"start": "00:25:30", "end": "00:25:35", "text": "um AML stuff. So, we're we're super"}, {"start": "00:25:33", "end": "00:25:36", "text": "tight on that stuff. It's a useful"}, {"start": "00:25:35", "end": "00:25:38", "text": "discipline to work within a highly"}, {"start": "00:25:36", "end": "00:25:41", "text": "regulated environment. It protects our"}, {"start": "00:25:38", "end": "00:25:43", "text": "clients. It protects us. Um and so,"}, {"start": "00:25:41", "end": "00:25:45", "text": "we're trying to bring that kind of as I"}, {"start": "00:25:43", "end": "00:25:46", "text": "said, rigor, compliance, transparency,"}, {"start": "00:25:45", "end": "00:25:49", "text": "discipline. I'm trying to bring that to"}, {"start": "00:25:46", "end": "00:25:50", "text": "new new classes. It's the first time in"}, {"start": "00:25:49", "end": "00:25:52", "text": "history I've never know. I don't know"}, {"start": "00:25:50", "end": "00:25:53", "text": "what next year will look like. It's"}, {"start": "00:25:52", "end": "00:25:55", "text": "super exciting."}, {"start": "00:25:53", "end": "00:25:56", "text": ">> It's exciting, but it's also you got to"}, {"start": "00:25:55", "end": "00:25:57", "text": "try to figure it out. So, like what how"}, {"start": "00:25:56", "end": "00:26:00", "text": "do you try to figure it out?"}, {"start": "00:25:57", "end": "00:26:02", "text": ">> Yeah. So uh not rushing in not rushing"}, {"start": "00:26:00", "end": "00:26:05", "text": "into the next. So we we think long and"}, {"start": "00:26:02", "end": "00:26:05", "text": "hard. We think uh why us? Why this? Why"}, {"start": "00:26:05", "end": "00:26:07", "text": "now?"}, {"start": "00:26:05", "end": "00:26:09", "text": ">> And so they have those three questions"}, {"start": "00:26:07", "end": "00:26:11", "text": "have to be have to be answered. Is it"}, {"start": "00:26:09", "end": "00:26:12", "text": "the right thing for our clients? Is it"}, {"start": "00:26:11", "end": "00:26:14", "text": "the right timing for us? Are we the"}, {"start": "00:26:12", "end": "00:26:15", "text": "right people to do this? Can we deliver"}, {"start": "00:26:14", "end": "00:26:17", "text": "something different?"}, {"start": "00:26:15", "end": "00:26:19", "text": ">> Mhm. And so when you look at these new"}, {"start": "00:26:17", "end": "00:26:20", "text": "technologies that are coming out, uh one"}, {"start": "00:26:19", "end": "00:26:22", "text": "of the other things I think is really"}, {"start": "00:26:20", "end": "00:26:24", "text": "interesting is like who the quotequote"}, {"start": "00:26:22", "end": "00:26:25", "text": "retail investor or this like I call them"}, {"start": "00:26:24", "end": "00:26:26", "text": "independent investor is has really"}, {"start": "00:26:25", "end": "00:26:29", "text": "changed. It used to be, you know,"}, {"start": "00:26:26", "end": "00:26:30", "text": "somebody with five bucks. These people"}, {"start": "00:26:29", "end": "00:26:31", "text": "are wealthy now."}, {"start": "00:26:30", "end": "00:26:33", "text": ">> These people are wealthy."}, {"start": "00:26:31", "end": "00:26:36", "text": ">> Talk a little bit like who that user is."}, {"start": "00:26:33", "end": "00:26:37", "text": ">> Yeah. I mean, it's that 25 to 42. Uh"}, {"start": "00:26:36", "end": "00:26:38", "text": "some of the money's come down from their"}, {"start": "00:26:37", "end": "00:26:41", "text": "parents. You know, there's that whole"}, {"start": "00:26:38", "end": "00:26:42", "text": "waterfall from uh from the boomers,"}, {"start": "00:26:41", "end": "00:26:44", "text": ">> but they're smart. I mean, they're not"}, {"start": "00:26:42", "end": "00:26:46", "text": "your average. They're not the retail"}, {"start": "00:26:44", "end": "00:26:48", "text": "investor of even 10 years ago."}, {"start": "00:26:46", "end": "00:26:50", "text": ">> Um again, it's about educating yourself."}, {"start": "00:26:48", "end": "00:26:51", "text": "So, you know, you can have all the best"}, {"start": "00:26:50", "end": "00:26:53", "text": "tools in the world, but if you don't"}, {"start": "00:26:51", "end": "00:26:55", "text": "teach people how to use them, they make"}, {"start": "00:26:53", "end": "00:26:58", "text": "it makes no sense. M so our our"}, {"start": "00:26:55", "end": "00:27:01", "text": "investors say our average AUM is much"}, {"start": "00:26:58", "end": "00:27:03", "text": "higher than our US competition. Um they"}, {"start": "00:27:01", "end": "00:27:05", "text": "tend to be buy and hold. They're not"}, {"start": "00:27:03", "end": "00:27:07", "text": "they don't they're not going crazy on"}, {"start": "00:27:05", "end": "00:27:09", "text": "zero DTE. They have the tools and we do"}, {"start": "00:27:07", "end": "00:27:12", "text": "have uh some active traders on the"}, {"start": "00:27:09", "end": "00:27:14", "text": "platform. Uh but generally"}, {"start": "00:27:12", "end": "00:27:16", "text": "um the I'm always amazed by their"}, {"start": "00:27:14", "end": "00:27:18", "text": "fortitude, right? they and that's part"}, {"start": "00:27:16", "end": "00:27:21", "text": "of being in the community stuff. But we"}, {"start": "00:27:18", "end": "00:27:23", "text": "have people who've bought Nvidia Jan 23"}, {"start": "00:27:21", "end": "00:27:26", "text": "at like below 20 bucks and all they've"}, {"start": "00:27:23", "end": "00:27:28", "text": "done is buy dips all the way down and"}, {"start": "00:27:26", "end": "00:27:29", "text": "then when it's a bit extended they'll"}, {"start": "00:27:28", "end": "00:27:31", "text": "sell sell credit spreads when it's"}, {"start": "00:27:29", "end": "00:27:34", "text": "coming off again they'll sell you know"}, {"start": "00:27:31", "end": "00:27:36", "text": "um put spreads so they're pretty"}, {"start": "00:27:34", "end": "00:27:37", "text": "sophisticated they're sophisticated they"}, {"start": "00:27:36", "end": "00:27:40", "text": "don't panic"}, {"start": "00:27:37", "end": "00:27:42", "text": ">> you know that's um you know I kind of"}, {"start": "00:27:40", "end": "00:27:44", "text": "make the joke that uh my wife's not"}, {"start": "00:27:42", "end": "00:27:46", "text": "going to fire me from my 401k right if I"}, {"start": "00:27:44", "end": "00:27:48", "text": "have a bad quarter but you know if you"}, {"start": "00:27:46", "end": "00:27:50", "text": "if you're an opponent millennium or your"}, {"start": "00:27:48", "end": "00:27:51", "text": "overleverag hedge fund. You have a bad"}, {"start": "00:27:50", "end": "00:27:55", "text": "quarter, you're out, you're down 5%,"}, {"start": "00:27:51", "end": "00:27:58", "text": "you've lost, right? So my um our clients"}, {"start": "00:27:55", "end": "00:28:00", "text": "will take draw downs and see it as"}, {"start": "00:27:58", "end": "00:28:01", "text": "opportunity. Talk a little bit more"}, {"start": "00:28:00", "end": "00:28:03", "text": "about like take the pods, right? And"}, {"start": "00:28:01", "end": "00:28:06", "text": "whether Citadel or anywhere else um or"}, {"start": "00:28:03", "end": "00:28:09", "text": "Millennium um I don't think people quite"}, {"start": "00:28:06", "end": "00:28:11", "text": "understand the risk limits and how uh"}, {"start": "00:28:09", "end": "00:28:12", "text": "kind of unemotional the decision-m there"}, {"start": "00:28:11", "end": "00:28:13", "text": "is. So so talk just a little bit."}, {"start": "00:28:12", "end": "00:28:15", "text": ">> It's completely automated. So if you're"}, {"start": "00:28:13", "end": "00:28:17", "text": "a PM and you're running a strategy, you"}, {"start": "00:28:15", "end": "00:28:20", "text": "have to show your sharps above like 2.6"}, {"start": "00:28:17", "end": "00:28:22", "text": "I think it is for for say millennium. I"}, {"start": "00:28:20", "end": "00:28:23", "text": "don't want to quote Izzy here, but 2.6"}, {"start": "00:28:22", "end": "00:28:25", "text": "is 10. You know, you have to show a"}, {"start": "00:28:23", "end": "00:28:27", "text": "track record and then they'll give you"}, {"start": "00:28:25", "end": "00:28:28", "text": "money. Absolutely. And if you do well,"}, {"start": "00:28:27", "end": "00:28:30", "text": "you get paid."}, {"start": "00:28:28", "end": "00:28:32", "text": ">> The downside is they start to gate you"}, {"start": "00:28:30", "end": "00:28:34", "text": "down two and a half, three and down"}, {"start": "00:28:32", "end": "00:28:35", "text": "five, you're out and they just stop you"}, {"start": "00:28:34", "end": "00:28:37", "text": "out and you wipe down."}, {"start": "00:28:35", "end": "00:28:39", "text": ">> Yeah. So like let's say you're I don't"}, {"start": "00:28:37", "end": "00:28:41", "text": "know made $100 million. Once you're down"}, {"start": "00:28:39", "end": "00:28:42", "text": "5% it's over."}, {"start": "00:28:41", "end": "00:28:44", "text": ">> That's over."}, {"start": "00:28:42", "end": "00:28:45", "text": ">> Yeah. And it's really a culture of"}, {"start": "00:28:44", "end": "00:28:48", "text": ">> I mean if you're up you know if you're"}, {"start": "00:28:45", "end": "00:28:50", "text": "up a 100 I think they scale it. So but"}, {"start": "00:28:48", "end": "00:28:51", "text": "if you're down five below average zero"}, {"start": "00:28:50", "end": "00:28:53", "text": "then you definitely are."}, {"start": "00:28:51", "end": "00:28:54", "text": ">> Yeah. And so it's interesting because"}, {"start": "00:28:53", "end": "00:28:56", "text": "they're doing this across you know in"}, {"start": "00:28:54", "end": "00:28:58", "text": "some cases hundreds of pods and it"}, {"start": "00:28:56", "end": "00:29:00", "text": "really just becomes this like automated"}, {"start": "00:28:58", "end": "00:29:02", "text": "big risk mitigation you know."}, {"start": "00:29:00", "end": "00:29:03", "text": ">> It's great. I mean it it's you know"}, {"start": "00:29:02", "end": "00:29:05", "text": "they're getting paid on the picks and"}, {"start": "00:29:03", "end": "00:29:06", "text": "shovels and other people are taking a"}, {"start": "00:29:05", "end": "00:29:06", "text": "risk."}, {"start": "00:29:06", "end": "00:29:08", "text": ">> Mhm."}, {"start": "00:29:06", "end": "00:29:09", "text": ">> So it's a great business model."}, {"start": "00:29:08", "end": "00:29:09", "text": ">> Mhm. Yeah. That's pretty uh it's pretty"}, {"start": "00:29:09", "end": "00:29:11", "text": "interesting"}, {"start": "00:29:09", "end": "00:29:12", "text": ">> assuming that you've got really tight"}, {"start": "00:29:11", "end": "00:29:13", "text": "risk limits and that you can liquidate"}, {"start": "00:29:12", "end": "00:29:14", "text": "down five."}, {"start": "00:29:13", "end": "00:29:16", "text": ">> Well, that's the other thing you get"}, {"start": "00:29:14", "end": "00:29:20", "text": "into these correlations and you know um"}, {"start": "00:29:16", "end": "00:29:22", "text": "I I always uh I yearn for the old school"}, {"start": "00:29:20", "end": "00:29:23", "text": "like cowboy risktakers."}, {"start": "00:29:22", "end": "00:29:24", "text": ">> They're they're not working in any pod"}, {"start": "00:29:23", "end": "00:29:26", "text": "shops, right? Because these guys might"}, {"start": "00:29:24", "end": "00:29:28", "text": "go down 20% and you know make it all"}, {"start": "00:29:26", "end": "00:29:31", "text": "back in a single trade. Um, but I do"}, {"start": "00:29:28", "end": "00:29:32", "text": "think that the rise of the pod shops"}, {"start": "00:29:31", "end": "00:29:35", "text": "mirrors the rise of the sophisticated"}, {"start": "00:29:32", "end": "00:29:38", "text": "investor where everyone is becoming much"}, {"start": "00:29:35", "end": "00:29:40", "text": "more informed and understands some of"}, {"start": "00:29:38", "end": "00:29:42", "text": "the pitfalls of financial markets"}, {"start": "00:29:40", "end": "00:29:44", "text": "together. Um, and you know, Twitter X"}, {"start": "00:29:42", "end": "00:29:46", "text": "has been a huge part of that. But, but"}, {"start": "00:29:44", "end": "00:29:48", "text": "it does feel like the pod shops have"}, {"start": "00:29:46", "end": "00:29:50", "text": "really hit their stride and become super"}, {"start": "00:29:48", "end": "00:29:52", "text": "sophisticated. Retail has as well."}, {"start": "00:29:50", "end": "00:29:54", "text": "Again, it's not saying a retail investor"}, {"start": "00:29:52", "end": "00:29:56", "text": "is like a pod shop, but um there just"}, {"start": "00:29:54", "end": "00:29:57", "text": "feels like overall the market is getting"}, {"start": "00:29:56", "end": "00:29:59", "text": "smarter."}, {"start": "00:29:57", "end": "00:30:01", "text": ">> Yeah. I mean, again, it's an education"}, {"start": "00:29:59", "end": "00:30:03", "text": "process. We've got 2,000 videos and"}, {"start": "00:30:01", "end": "00:30:04", "text": "stuff on the platform trying to take"}, {"start": "00:30:03", "end": "00:30:07", "text": "people from,"}, {"start": "00:30:04", "end": "00:30:09", "text": ">> you know, trading 101 to to using algos"}, {"start": "00:30:07", "end": "00:30:11", "text": "to using uh back testing environments to"}, {"start": "00:30:09", "end": "00:30:14", "text": "using the tools. The gap between the guy"}, {"start": "00:30:11", "end": "00:30:16", "text": "at Millennium Citadel and the"}, {"start": "00:30:14", "end": "00:30:18", "text": "sophisticated retail retail trader has"}, {"start": "00:30:16", "end": "00:30:20", "text": "never been narrower and AI is making"}, {"start": "00:30:18", "end": "00:30:23", "text": "that really really tight. Interesting."}, {"start": "00:30:20", "end": "00:30:25", "text": "What What do you like lay awake at night"}, {"start": "00:30:23", "end": "00:30:27", "text": "over? What What What are the challenges?"}, {"start": "00:30:25", "end": "00:30:30", "text": ">> Um"}, {"start": "00:30:27", "end": "00:30:32", "text": ">> other than the Mets not being good or"}, {"start": "00:30:30", "end": "00:30:32", "text": "the Mets being seven and 11. Just"}, {"start": "00:30:32", "end": "00:30:34", "text": "kidding."}, {"start": "00:30:32", "end": "00:30:36", "text": ">> They've got to play one more game in in"}, {"start": "00:30:34", "end": "00:30:38", "text": "LA as well."}, {"start": "00:30:36", "end": "00:30:38", "text": ">> As a Yankees fan, I can, you know, give"}, {"start": "00:30:38", "end": "00:30:39", "text": "a little"}, {"start": "00:30:38", "end": "00:30:41", "text": ">> They're going to be They're going to be"}, {"start": "00:30:39", "end": "00:30:42", "text": "seven and 12."}, {"start": "00:30:41", "end": "00:30:43", "text": ">> They're going to be seven and 12 by this"}, {"start": "00:30:42", "end": "00:30:45", "text": "evening."}, {"start": "00:30:43", "end": "00:30:49", "text": ">> I I won't be watching the late game"}, {"start": "00:30:45", "end": "00:30:51", "text": "tonight. Um uh regulation whereas that's"}, {"start": "00:30:49", "end": "00:30:53", "text": "going clarity act I really care about."}, {"start": "00:30:51", "end": "00:30:55", "text": "Regulators are having to move quicker"}, {"start": "00:30:53", "end": "00:30:58", "text": "than I think it makes them comfortable."}, {"start": "00:30:55", "end": "00:31:00", "text": "The the world is changing so quickly."}, {"start": "00:30:58", "end": "00:31:03", "text": ">> We got lots of initiatives with the AI"}, {"start": "00:31:00", "end": "00:31:06", "text": "stuff and with our tools. Um and it's"}, {"start": "00:31:03", "end": "00:31:07", "text": "just can can we keep up? Can we keep"}, {"start": "00:31:06", "end": "00:31:08", "text": "giving our guys the tools that they"}, {"start": "00:31:07", "end": "00:31:10", "text": "need?"}, {"start": "00:31:08", "end": "00:31:12", "text": ">> Mhm. So, you know, we we we most of our"}, {"start": "00:31:10", "end": "00:31:14", "text": "money goes in R&D and product"}, {"start": "00:31:12", "end": "00:31:15", "text": "development and we're just hoping that,"}, {"start": "00:31:14", "end": "00:31:17", "text": "you know, we keep telling"}, {"start": "00:31:15", "end": "00:31:18", "text": ">> the engineers like super AIDS and"}, {"start": "00:31:17", "end": "00:31:19", "text": "they're all just like running wild with"}, {"start": "00:31:18", "end": "00:31:21", "text": "all the models and everything."}, {"start": "00:31:19", "end": "00:31:23", "text": ">> So, we have some like that and we have a"}, {"start": "00:31:21", "end": "00:31:24", "text": "whole section there. We got remember we"}, {"start": "00:31:23", "end": "00:31:27", "text": "we've got to run a broker dealer. So, we"}, {"start": "00:31:24", "end": "00:31:30", "text": "need the safe boring infrastructure"}, {"start": "00:31:27", "end": "00:31:32", "text": ">> um sci stuff all the stuff you need and"}, {"start": "00:31:30", "end": "00:31:33", "text": "then we've got the more fun stuff which"}, {"start": "00:31:32", "end": "00:31:36", "text": "is the AI"}, {"start": "00:31:33", "end": "00:31:37", "text": ">> um and the people coding the fun stuff."}, {"start": "00:31:36", "end": "00:31:40", "text": "But a lot of it is just making sure"}, {"start": "00:31:37", "end": "00:31:43", "text": "we're up all the time like for for"}, {"start": "00:31:40", "end": "00:31:45", "text": "figure for the we make marketers 245 in"}, {"start": "00:31:43", "end": "00:31:47", "text": "the we make marketers we give access 245"}, {"start": "00:31:45", "end": "00:31:47", "text": "to figure D to the token."}, {"start": "00:31:47", "end": "00:31:49", "text": ">> Mhm."}, {"start": "00:31:47", "end": "00:31:51", "text": ">> So that was a big step for us and then"}, {"start": "00:31:49", "end": "00:31:54", "text": "so we we have to be up all the time. So"}, {"start": "00:31:51", "end": "00:31:55", "text": ">> my worry is uh at some point something"}, {"start": "00:31:54", "end": "00:31:56", "text": "happens and we go down."}, {"start": "00:31:55", "end": "00:31:58", "text": ">> Do you sleep?"}, {"start": "00:31:56", "end": "00:32:00", "text": ">> I do sleep. Yeah. Yeah. I sleep a lot"}, {"start": "00:31:58", "end": "00:32:02", "text": "more as CEO of Muma than I ever slept at"}, {"start": "00:32:00", "end": "00:32:03", "text": "Citadel Jim World. Why?"}, {"start": "00:32:02", "end": "00:32:05", "text": ">> Cuz I'm not running risk."}, {"start": "00:32:03", "end": "00:32:07", "text": ">> I'm running risk. I care about my my"}, {"start": "00:32:05", "end": "00:32:08", "text": "clients and reputational risk and they"}, {"start": "00:32:07", "end": "00:32:10", "text": "make sure the platform's up."}, {"start": "00:32:08", "end": "00:32:11", "text": ">> Yeah. Yeah. But not like a book."}, {"start": "00:32:10", "end": "00:32:12", "text": ">> Not like a book. Yeah."}, {"start": "00:32:11", "end": "00:32:15", "text": ">> Yeah. Yeah. That's interesting though"}, {"start": "00:32:12", "end": "00:32:17", "text": "that actually there you felt much more"}, {"start": "00:32:15", "end": "00:32:19", "text": "uh kind of pressure to uh on the risk"}, {"start": "00:32:17", "end": "00:32:21", "text": "side of the the book versus the uh"}, {"start": "00:32:19", "end": "00:32:23", "text": ">> Yeah. I mean especially because there's"}, {"start": "00:32:21", "end": "00:32:24", "text": "so much more information at weekends"}, {"start": "00:32:23", "end": "00:32:26", "text": "now."}, {"start": "00:32:24", "end": "00:32:28", "text": ">> So if I was running a huge global"}, {"start": "00:32:26", "end": "00:32:30", "text": "options book and then you know something"}, {"start": "00:32:28", "end": "00:32:31", "text": "happens on a Saturday"}, {"start": "00:32:30", "end": "00:32:32", "text": ">> we got a guy at the White House. He"}, {"start": "00:32:31", "end": "00:32:34", "text": "likes to do stuff on Friday, Saturday,"}, {"start": "00:32:32", "end": "00:32:36", "text": "Sunday. You know, I mean I would he"}, {"start": "00:32:34", "end": "00:32:37", "text": "suspiciously waits till market clos on"}, {"start": "00:32:36", "end": "00:32:38", "text": "Friday and starts firing off"}, {"start": "00:32:37", "end": "00:32:39", "text": "information."}, {"start": "00:32:38", "end": "00:32:42", "text": ">> I would never be not running slides."}, {"start": "00:32:39", "end": "00:32:43", "text": ">> Yeah. You know, but back then you"}, {"start": "00:32:42", "end": "00:32:45", "text": "mentioned Monte College before."}, {"start": "00:32:43", "end": "00:32:47", "text": ">> We used to run those overnight"}, {"start": "00:32:45", "end": "00:32:49", "text": ">> on bare metal servers,"}, {"start": "00:32:47", "end": "00:32:51", "text": ">> right? Um and the fact on our platform"}, {"start": "00:32:49", "end": "00:32:52", "text": "you can click and just run a whole back"}, {"start": "00:32:51", "end": "00:32:54", "text": "test is is"}, {"start": "00:32:52", "end": "00:32:56", "text": ">> crazy. Yeah. Yeah. That's"}, {"start": "00:32:54", "end": "00:32:57", "text": "democratization right at it finest."}, {"start": "00:32:56", "end": "00:32:58", "text": ">> And then you you can share them with"}, {"start": "00:32:57", "end": "00:32:59", "text": "people."}, {"start": "00:32:58", "end": "00:33:02", "text": ">> Yeah. Yeah. So you see you see in our"}, {"start": "00:32:59", "end": "00:33:03", "text": "chat every day if you take video people"}, {"start": "00:33:02", "end": "00:33:05", "text": "just pulling their trades up and their"}, {"start": "00:33:03", "end": "00:33:06", "text": "wins, their losses"}, {"start": "00:33:05", "end": "00:33:08", "text": ">> and there's a feeling of being part of"}, {"start": "00:33:06", "end": "00:33:09", "text": "something, you know, in a big trading"}, {"start": "00:33:08", "end": "00:33:09", "text": "venue."}, {"start": "00:33:09", "end": "00:33:10", "text": ">> Yeah."}, {"start": "00:33:09", "end": "00:33:12", "text": ">> Uh rather than just being in your"}, {"start": "00:33:10", "end": "00:33:14", "text": "bedroom or in the kitchen or"}, {"start": "00:33:12", "end": "00:33:15", "text": ">> Yeah. I love it. I love it. All right."}, {"start": "00:33:14", "end": "00:33:17", "text": "Well, thank you for taking the time to"}, {"start": "00:33:15", "end": "00:33:18", "text": "do this. If you guys want the best"}, {"start": "00:33:17", "end": "00:33:20", "text": "trading experience, go to Mumu. Go check"}, {"start": "00:33:18", "end": "00:33:20", "text": "them out and we'll do this again in the"}, {"start": "00:33:20", "end": "00:33:24", "text": "future."}, {"start": "00:33:20", "end": "00:33:24", "text": ">> Anthony, thank you."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "In a world of abundance, scarcity"}, {"start": "00:00:02", "end": "00:00:06", "text": "becomes very valuable. And so what is"}, {"start": "00:00:04", "end": "00:00:07", "text": "more scarce than Bitcoin? Not a lot. And"}, {"start": "00:00:06", "end": "00:00:08", "text": "especially when you have Morgan Stanley,"}, {"start": "00:00:07", "end": "00:00:10", "text": "Black Rockck, Fidelity, all these guys"}, {"start": "00:00:08", "end": "00:00:12", "text": "coming in with the ETFs. You have"}, {"start": "00:00:10", "end": "00:00:14", "text": "Michael Sailor and Strategy buying up as"}, {"start": "00:00:12", "end": "00:00:16", "text": "much Bitcoin as they possibly can. Like"}, {"start": "00:00:14", "end": "00:00:17", "text": "Bitcoin is going to do very well over"}, {"start": "00:00:16", "end": "00:00:19", "text": "the next decade. I think a lot of people"}, {"start": "00:00:17", "end": "00:00:20", "text": "have been convinced otherwise. In a"}, {"start": "00:00:19", "end": "00:00:22", "text": "weird way, those who stay focused and"}, {"start": "00:00:20", "end": "00:00:23", "text": "and understand the power of Bitcoin, the"}, {"start": "00:00:22", "end": "00:00:25", "text": "value of Bitcoin, I think will be"}, {"start": "00:00:23", "end": "00:00:26", "text": "rewarded over a long period of time."}, {"start": "00:00:25", "end": "00:00:28", "text": "What's going on, guys? Today, we got a"}, {"start": "00:00:26", "end": "00:00:29", "text": "great conversation with John Pompiano."}, {"start": "00:00:28", "end": "00:00:32", "text": "He turns the tables and he asked me some"}, {"start": "00:00:29", "end": "00:00:32", "text": "questions talking about Bitcoin, AI,"}, {"start": "00:00:32", "end": "00:00:36", "text": "what's going on in the macro"}, {"start": "00:00:32", "end": "00:00:37", "text": "environment, oil prices, gas, PPI, CPI,"}, {"start": "00:00:36", "end": "00:00:39", "text": "and what is going on with all these Wall"}, {"start": "00:00:37", "end": "00:00:42", "text": "Street banks all of a sudden diving deep"}, {"start": "00:00:39", "end": "00:00:43", "text": "into the deep end of Bitcoin. All that"}, {"start": "00:00:42", "end": "00:00:45", "text": "much more in this conversation with John"}, {"start": "00:00:43", "end": "00:00:46", "text": "Pompiano."}, {"start": "00:00:45", "end": "00:00:48", "text": "All right, John, what you got for me?"}, {"start": "00:00:46", "end": "00:00:51", "text": "Big story of the day. Bitcoin back above"}, {"start": "00:00:48", "end": "00:00:53", "text": "75,000. We finally reversed all of the"}, {"start": "00:00:51", "end": "00:00:55", "text": "losses that we had since the Iran war"}, {"start": "00:00:53", "end": "00:00:57", "text": "started. Uh what do you think about"}, {"start": "00:00:55", "end": "00:00:58", "text": "Bitcoin being back up and on the upward"}, {"start": "00:00:57", "end": "00:01:00", "text": "trend? There's a couple things like"}, {"start": "00:00:58", "end": "00:01:01", "text": "celebrating when you're down is really"}, {"start": "00:01:00", "end": "00:01:02", "text": "not, you know, the the smartest thing to"}, {"start": "00:01:01", "end": "00:01:04", "text": "do. But I do think that there's a sign"}, {"start": "00:01:02", "end": "00:01:05", "text": "of relief here. People are excited"}, {"start": "00:01:04", "end": "00:01:07", "text": "because, hey, we're we're starting to"}, {"start": "00:01:05", "end": "00:01:09", "text": "see that maybe we did bottom at $60,000."}, {"start": "00:01:07", "end": "00:01:10", "text": "Now, famous last words, it's knock on"}, {"start": "00:01:09", "end": "00:01:12", "text": "wood. But what I would say is two"}, {"start": "00:01:10", "end": "00:01:14", "text": "things. One, Bitcoin has definitely been"}, {"start": "00:01:12", "end": "00:01:16", "text": "the shining light among a sea of red"}, {"start": "00:01:14", "end": "00:01:18", "text": "during the Iran war. And so, there's"}, {"start": "00:01:16", "end": "00:01:19", "text": "kind of this weird dynamic where if you"}, {"start": "00:01:18", "end": "00:01:21", "text": "said to someone before we went in to"}, {"start": "00:01:19", "end": "00:01:22", "text": "Iran and started bombing them, okay,"}, {"start": "00:01:21", "end": "00:01:24", "text": "what's going to happen to stocks? people"}, {"start": "00:01:22", "end": "00:01:26", "text": "would say probably would rally because"}, {"start": "00:01:24", "end": "00:01:28", "text": "you would think that all of these asset"}, {"start": "00:01:26", "end": "00:01:29", "text": "prices are going to go up because"}, {"start": "00:01:28", "end": "00:01:31", "text": "there's going to be inflation to fund"}, {"start": "00:01:29", "end": "00:01:33", "text": "the war. You're going to debase the"}, {"start": "00:01:31", "end": "00:01:35", "text": "dollar and because of all of that you're"}, {"start": "00:01:33", "end": "00:01:37", "text": "going to see especially defense stocks,"}, {"start": "00:01:35", "end": "00:01:39", "text": "energy, etc. The second thing is you"}, {"start": "00:01:37", "end": "00:01:42", "text": "would expect oil to go up. The third"}, {"start": "00:01:39", "end": "00:01:44", "text": "thing is that you would expect bonds uh"}, {"start": "00:01:42", "end": "00:01:46", "text": "in terms of uh yields and all that. And"}, {"start": "00:01:44", "end": "00:01:48", "text": "then the fourth is Bitcoin would go down"}, {"start": "00:01:46", "end": "00:01:50", "text": "kind of a risk-type asset. Well, guess"}, {"start": "00:01:48", "end": "00:01:52", "text": "what happened? Exactly the opposite of"}, {"start": "00:01:50", "end": "00:01:55", "text": "all of that. Stocks and bonds went down,"}, {"start": "00:01:52", "end": "00:01:56", "text": "gold went down, oil went up, which you"}, {"start": "00:01:55", "end": "00:01:58", "text": "would have expected, and Bitcoin went"}, {"start": "00:01:56", "end": "00:01:59", "text": "up, which would you not have expected."}, {"start": "00:01:58", "end": "00:02:02", "text": "And so when I look at that says to me"}, {"start": "00:01:59", "end": "00:02:04", "text": "that uh one, you can't look at history"}, {"start": "00:02:02", "end": "00:02:06", "text": "always as a guide for what's going to"}, {"start": "00:02:04", "end": "00:02:08", "text": "happen in the future, but two is that"}, {"start": "00:02:06", "end": "00:02:11", "text": "Bitcoin has transcended. It has"}, {"start": "00:02:08", "end": "00:02:14", "text": "officially broken its correlation to all"}, {"start": "00:02:11", "end": "00:02:16", "text": "the tech stocks, etc. Now, can it hold"}, {"start": "00:02:14", "end": "00:02:18", "text": "that broken correlation? Remains to be"}, {"start": "00:02:16", "end": "00:02:20", "text": "seen, but I say it has transcended"}, {"start": "00:02:18", "end": "00:02:22", "text": "because Bitcoin basically has a couple"}, {"start": "00:02:20", "end": "00:02:23", "text": "of different ways to look at it. It is a"}, {"start": "00:02:22", "end": "00:02:25", "text": "digital asset. There's some people who"}, {"start": "00:02:23", "end": "00:02:27", "text": "like the fact that it's digital and not"}, {"start": "00:02:25", "end": "00:02:29", "text": "analog or electronic. It is"}, {"start": "00:02:27", "end": "00:02:31", "text": "decentralized. Some people like the fact"}, {"start": "00:02:29", "end": "00:02:32", "text": "that it's not controlled by anyone. It"}, {"start": "00:02:31", "end": "00:02:34", "text": "is nonsvereign."}, {"start": "00:02:32", "end": "00:02:35", "text": "Some people like the fact that it's"}, {"start": "00:02:34", "end": "00:02:37", "text": "outside of their government. No other"}, {"start": "00:02:35", "end": "00:02:39", "text": "government controls it. And it is"}, {"start": "00:02:37", "end": "00:02:40", "text": "neutral. And I think that's what we're"}, {"start": "00:02:39", "end": "00:02:42", "text": "seeing now is people are saying, \"Wait a"}, {"start": "00:02:40", "end": "00:02:45", "text": "second, a neutral, non-s sovereign,"}, {"start": "00:02:42", "end": "00:02:48", "text": "digital, decentralized asset has value"}, {"start": "00:02:45", "end": "00:02:51", "text": "in the world.\" And a big part of this"}, {"start": "00:02:48", "end": "00:02:52", "text": "is, yeah, sure, Iran allegedly wants to"}, {"start": "00:02:51", "end": "00:02:55", "text": "get paid in Bitcoin, blah blah blah,"}, {"start": "00:02:52", "end": "00:02:58", "text": "whatever. Forget all that for a second."}, {"start": "00:02:55", "end": "00:03:01", "text": "If you need right now to move money"}, {"start": "00:02:58", "end": "00:03:02", "text": "around the world during conflict, well,"}, {"start": "00:03:01", "end": "00:03:04", "text": "you can't even move a barrel of oil"}, {"start": "00:03:02", "end": "00:03:07", "text": "around the world in some places because"}, {"start": "00:03:04", "end": "00:03:09", "text": "there's a blockade. Gold is pretty"}, {"start": "00:03:07", "end": "00:03:12", "text": "heavy. Now you start to say to yourself,"}, {"start": "00:03:09", "end": "00:03:14", "text": "\"Wait a second. What if I need a digital"}, {"start": "00:03:12", "end": "00:03:16", "text": "store of value?\" Bitcoin becomes"}, {"start": "00:03:14", "end": "00:03:18", "text": "interesting. Now, what I do think is"}, {"start": "00:03:16", "end": "00:03:20", "text": "interesting is that Bitcoin is still"}, {"start": "00:03:18", "end": "00:03:22", "text": "sold off. So, we can claim victory since"}, {"start": "00:03:20", "end": "00:03:23", "text": "February 28th to now be like, \"Oh, look"}, {"start": "00:03:22", "end": "00:03:25", "text": "how great we are.\" Okay, that's fine."}, {"start": "00:03:23", "end": "00:03:27", "text": "Bitcoin's still down. It was $126,000."}, {"start": "00:03:25", "end": "00:03:29", "text": "It's down to 75,000. I'm not a"}, {"start": "00:03:27", "end": "00:03:33", "text": "mathematician, but that's about $50,000"}, {"start": "00:03:29", "end": "00:03:34", "text": "of loss from the all-time high. And so"}, {"start": "00:03:33", "end": "00:03:36", "text": "from that perspective, you say, \"Okay,"}, {"start": "00:03:34", "end": "00:03:38", "text": "well, why is it that Bitcoin is still"}, {"start": "00:03:36", "end": "00:03:41", "text": "down 11% year-to date or down, you know,"}, {"start": "00:03:38", "end": "00:03:42", "text": "$50,000 from its all-time high?\" I"}, {"start": "00:03:41", "end": "00:03:45", "text": "believe that a huge part of this is"}, {"start": "00:03:42", "end": "00:03:46", "text": "because of deflation. And there's plenty"}, {"start": "00:03:45", "end": "00:03:48", "text": "of people who disagree with me. Everyone"}, {"start": "00:03:46", "end": "00:03:50", "text": "says higher, you know, gas prices are"}, {"start": "00:03:48", "end": "00:03:52", "text": "going to lead to inflation, yada yada,"}, {"start": "00:03:50", "end": "00:03:54", "text": "whatever. I do not believe that the"}, {"start": "00:03:52", "end": "00:03:56", "text": "short-term impact on oil is going to be"}, {"start": "00:03:54", "end": "00:03:58", "text": "nearly as important as the four macro"}, {"start": "00:03:56", "end": "00:03:59", "text": "deflationary trends that are swallowing"}, {"start": "00:03:58", "end": "00:04:01", "text": "the US economy. Tariffs are"}, {"start": "00:03:59", "end": "00:04:03", "text": "deflationary, deportations are"}, {"start": "00:04:01", "end": "00:04:05", "text": "deflationary, AI is deflationary, and"}, {"start": "00:04:03", "end": "00:04:07", "text": "robotics are deflationary. And I think"}, {"start": "00:04:05", "end": "00:04:09", "text": "those four forces are much, much bigger"}, {"start": "00:04:07", "end": "00:04:11", "text": "deal than the short-term spike in oil."}, {"start": "00:04:09", "end": "00:04:13", "text": "And as we saw, we announced that, oh,"}, {"start": "00:04:11", "end": "00:04:15", "text": "there was a ceasefire. Immediately oil"}, {"start": "00:04:13", "end": "00:04:16", "text": "drops. Now there's a blockade, there's"}, {"start": "00:04:15", "end": "00:04:19", "text": "all the volatility coming back, prices"}, {"start": "00:04:16", "end": "00:04:22", "text": "going higher, all this stuff. But if we"}, {"start": "00:04:19", "end": "00:04:24", "text": "get to a culmination and a end, like an"}, {"start": "00:04:22", "end": "00:04:26", "text": "actual end to the Iran war, and the"}, {"start": "00:04:24", "end": "00:04:28", "text": "straight opens up, oil is going to fall"}, {"start": "00:04:26", "end": "00:04:31", "text": "off a cliff. A barrel of oil is"}, {"start": "00:04:28", "end": "00:04:33", "text": "somewhere around 50 to 60 bucks if there"}, {"start": "00:04:31", "end": "00:04:35", "text": "is no funky business going on in the"}, {"start": "00:04:33", "end": "00:04:38", "text": "world. Okay. Well, if it's trading at"}, {"start": "00:04:35", "end": "00:04:40", "text": "100, that means it could drop 50%."}, {"start": "00:04:38", "end": "00:04:43", "text": "So, you say to yourself, a lot of the"}, {"start": "00:04:40", "end": "00:04:46", "text": "current price increase in oil is due to"}, {"start": "00:04:43", "end": "00:04:49", "text": "these artificial uh external shocks to"}, {"start": "00:04:46", "end": "00:04:52", "text": "oil. Well, that then trickles through to"}, {"start": "00:04:49", "end": "00:04:54", "text": "gas prices being higher. And if all of a"}, {"start": "00:04:52", "end": "00:04:55", "text": "sudden you remove those external shocks,"}, {"start": "00:04:54", "end": "00:04:57", "text": "sure, is it going to come right back"}, {"start": "00:04:55", "end": "00:05:00", "text": "down on a single day? Probably not. But"}, {"start": "00:04:57", "end": "00:05:02", "text": "we saw it drop down to 80 bucks a barrel"}, {"start": "00:05:00", "end": "00:05:03", "text": "as soon as we announced the ceasefire."}, {"start": "00:05:02", "end": "00:05:06", "text": "Well, what if we actually announce a"}, {"start": "00:05:03", "end": "00:05:09", "text": "peace deal and it becomes known in the"}, {"start": "00:05:06", "end": "00:05:12", "text": "market we are not no longer uh bombing"}, {"start": "00:05:09", "end": "00:05:13", "text": "Iran? I think that you're going to see"}, {"start": "00:05:12", "end": "00:05:15", "text": "oil come down. I think you're going to"}, {"start": "00:05:13", "end": "00:05:17", "text": "see stocks rip higher. Stocks are back"}, {"start": "00:05:15", "end": "00:05:20", "text": "already green on the year. So, I mean,"}, {"start": "00:05:17", "end": "00:05:22", "text": "imagine being a panakin. What? I just"}, {"start": "00:05:20", "end": "00:05:25", "text": "like a loser life, right? Just just"}, {"start": "00:05:22", "end": "00:05:27", "text": "think of how crazy that is. Every time"}, {"start": "00:05:25", "end": "00:05:30", "text": "you get a sniff that there could be some"}, {"start": "00:05:27", "end": "00:05:31", "text": "sort of bad situation coming, you"}, {"start": "00:05:30", "end": "00:05:32", "text": "immediately panic. That's what a"}, {"start": "00:05:31", "end": "00:05:33", "text": "panicking is for those that don't know."}, {"start": "00:05:32", "end": "00:05:34", "text": "You just panic all the time."}, {"start": "00:05:33", "end": "00:05:37", "text": ">> Emotional investor."}, {"start": "00:05:34", "end": "00:05:39", "text": ">> Yeah. Not even emotional. You you just"}, {"start": "00:05:37", "end": "00:05:40", "text": "you you you don't have brain cells,"}, {"start": "00:05:39", "end": "00:05:42", "text": "right? Tariffs are coming. Oh my god,"}, {"start": "00:05:40", "end": "00:05:43", "text": "the world's going to end. The shelves"}, {"start": "00:05:42", "end": "00:05:45", "text": "are going to be empty. Inflation's going"}, {"start": "00:05:43", "end": "00:05:48", "text": "to be high. THE GREAT DEPRESSION. AH,"}, {"start": "00:05:45", "end": "00:05:50", "text": "REMEMBER HOW crazy everyone was?"}, {"start": "00:05:48", "end": "00:05:52", "text": "Do you remember what I was saying in"}, {"start": "00:05:50", "end": "00:05:53", "text": "April of last year? We will be back to"}, {"start": "00:05:52", "end": "00:05:55", "text": "an all-time high stock price by the end"}, {"start": "00:05:53", "end": "00:05:58", "text": "of the year. We were back by like"}, {"start": "00:05:55", "end": "00:06:01", "text": "August. Why? Because all noise. It is"}, {"start": "00:05:58", "end": "00:06:03", "text": "all noise. It is an overreaction from"}, {"start": "00:06:01", "end": "00:06:05", "text": "the mainstream media and from investors"}, {"start": "00:06:03", "end": "00:06:07", "text": "who have an academic view of the world."}, {"start": "00:06:05", "end": "00:06:09", "text": "Okay, guess what I've been saying this"}, {"start": "00:06:07", "end": "00:06:12", "text": "entire time? Short-term oil prices and"}, {"start": "00:06:09", "end": "00:06:14", "text": "gas prices are all noise. How do I know"}, {"start": "00:06:12", "end": "00:06:17", "text": "that? Well, we just got the PPI today."}, {"start": "00:06:14", "end": "00:06:20", "text": "The expectation across Wall Street for"}, {"start": "00:06:17", "end": "00:06:23", "text": "PPI, headline PPI was 4.6%. That's a"}, {"start": "00:06:20", "end": "00:06:25", "text": "massive jump. It was 4%."}, {"start": "00:06:23", "end": "00:06:29", "text": "How do you miss that bad and keep your"}, {"start": "00:06:25", "end": "00:06:32", "text": "job? How's that possible? Imagine if I"}, {"start": "00:06:29", "end": "00:06:33", "text": "on a daily basis was so wrong that I I"}, {"start": "00:06:32", "end": "00:06:34", "text": "basically ran around and told everyone"}, {"start": "00:06:33", "end": "00:06:36", "text": "the world's ending, the world's ending,"}, {"start": "00:06:34", "end": "00:06:37", "text": "the world's ending, and then we find"}, {"start": "00:06:36", "end": "00:06:39", "text": "out, no, it's only 4%."}, {"start": "00:06:37", "end": "00:06:41", "text": ">> It will be revised later on, too."}, {"start": "00:06:39", "end": "00:06:42", "text": ">> By the way, the 4% is higher than it was"}, {"start": "00:06:41", "end": "00:06:43", "text": "before. So, it's not that like the"}, {"start": "00:06:42", "end": "00:06:44", "text": "direction of travel was. It's not like"}, {"start": "00:06:43", "end": "00:06:47", "text": "they said it was going up and it went"}, {"start": "00:06:44", "end": "00:06:49", "text": "down, right? So, I'm not claiming that,"}, {"start": "00:06:47", "end": "00:06:51", "text": "oh, there's no impact. What I'm saying"}, {"start": "00:06:49", "end": "00:06:55", "text": "though is consensus was 4.6%. It came in"}, {"start": "00:06:51", "end": "00:06:56", "text": "at four. Well, why is that? H do you"}, {"start": "00:06:55", "end": "00:06:59", "text": "remember two weeks ago on April 2nd when"}, {"start": "00:06:56", "end": "00:07:02", "text": "I told everyone that true inflation was"}, {"start": "00:06:59", "end": "00:07:03", "text": "telling us that higher gas prices in"}, {"start": "00:07:02", "end": "00:07:06", "text": "America were not going to lead to higher"}, {"start": "00:07:03", "end": "00:07:09", "text": "inflation at the level that everyone was"}, {"start": "00:07:06", "end": "00:07:12", "text": "expecting. If you go back true for those"}, {"start": "00:07:09", "end": "00:07:13", "text": "that forget on the second day of April"}, {"start": "00:07:12", "end": "00:07:15", "text": "or first and second day of April, they"}, {"start": "00:07:13", "end": "00:07:16", "text": "basically get updated at the start of"}, {"start": "00:07:15", "end": "00:07:18", "text": "each month with a bunch of these data"}, {"start": "00:07:16", "end": "00:07:20", "text": "sets. So they go and they revise true"}, {"start": "00:07:18", "end": "00:07:21", "text": "inflation. It changes on a day-to-day"}, {"start": "00:07:20", "end": "00:07:23", "text": "basis because of the data points, but"}, {"start": "00:07:21", "end": "00:07:27", "text": "there's a lot of people who report once"}, {"start": "00:07:23", "end": "00:07:32", "text": "a month. True inflation had gone from8%"}, {"start": "00:07:27", "end": "00:07:34", "text": "CPI number up to 1.7%. More than doubled"}, {"start": "00:07:32", "end": "00:07:35", "text": "since the Iran war. That's a big deal,"}, {"start": "00:07:34", "end": "00:07:36", "text": "right? So no one is claiming that"}, {"start": "00:07:35", "end": "00:07:38", "text": "inflation was not going higher. True"}, {"start": "00:07:36", "end": "00:07:41", "text": "inflation was saying it, people were"}, {"start": "00:07:38", "end": "00:07:43", "text": "saying it, all that. But on April 2nd"}, {"start": "00:07:41", "end": "00:07:46", "text": "when I looked at true inflation, it went"}, {"start": "00:07:43", "end": "00:07:49", "text": "from 1.7 down to 1.2%."}, {"start": "00:07:46", "end": "00:07:51", "text": "huge revision down, like abnormal"}, {"start": "00:07:49", "end": "00:07:53", "text": "revision down. Why? Well, if you go and"}, {"start": "00:07:51", "end": "00:07:56", "text": "you look into the data, there was four"}, {"start": "00:07:53", "end": "00:07:59", "text": "major sectors that had negative growth"}, {"start": "00:07:56", "end": "00:08:02", "text": "on a month-over-month basis. Food,"}, {"start": "00:07:59", "end": "00:08:05", "text": "utilities, transport, and housing. All"}, {"start": "00:08:02", "end": "00:08:08", "text": "four sectors, four huge inputs into"}, {"start": "00:08:05", "end": "00:08:09", "text": "inflation uh measurement were negative."}, {"start": "00:08:08", "end": "00:08:12", "text": "Not like growing slower, they were"}, {"start": "00:08:09", "end": "00:08:14", "text": "negative. So, when you look at that, you"}, {"start": "00:08:12", "end": "00:08:18", "text": "say to yourself, hold on,"}, {"start": "00:08:14", "end": "00:08:19", "text": "gas is up. of course. But is gas more"}, {"start": "00:08:18", "end": "00:08:24", "text": "important than food, utilities,"}, {"start": "00:08:19", "end": "00:08:26", "text": "transport, uh, and housing? No. And so"}, {"start": "00:08:24", "end": "00:08:28", "text": "that's how I knew is because actually"}, {"start": "00:08:26", "end": "00:08:30", "text": "the true inflation number revised down"}, {"start": "00:08:28", "end": "00:08:32", "text": "two weeks ago. And so I continue to tell"}, {"start": "00:08:30", "end": "00:08:34", "text": "people true inflation is the most"}, {"start": "00:08:32", "end": "00:08:37", "text": "accurate measurement of inflation in the"}, {"start": "00:08:34", "end": "00:08:41", "text": "United States. It has a 98% correlation"}, {"start": "00:08:37", "end": "00:08:43", "text": "to CPI, not PPI, but CPI. It's just that"}, {"start": "00:08:41", "end": "00:08:45", "text": "CPI has a one-mon lag. So, if you look"}, {"start": "00:08:43", "end": "00:08:47", "text": "at what true inflation tells you a month"}, {"start": "00:08:45", "end": "00:08:49", "text": "later, that's what CPI is going to tell"}, {"start": "00:08:47", "end": "00:08:51", "text": "you. This is easy. This is like I'm not"}, {"start": "00:08:49", "end": "00:08:53", "text": "a smart person. I'm just merely looking"}, {"start": "00:08:51", "end": "00:08:55", "text": "at the data and saying, \"Okay, well, if"}, {"start": "00:08:53", "end": "00:08:57", "text": "this one tells me it's not going to be"}, {"start": "00:08:55", "end": "00:08:58", "text": "that bad, then this one's going to tell"}, {"start": "00:08:57", "end": "00:09:00", "text": "me that a month later. Why don't I just"}, {"start": "00:08:58", "end": "00:09:03", "text": "look at the one that is fresh, the one"}, {"start": "00:09:00", "end": "00:09:05", "text": "that's real time?\" So, to me, that's the"}, {"start": "00:09:03", "end": "00:09:07", "text": "whole story here is everyone, they're"}, {"start": "00:09:05", "end": "00:09:09", "text": "constantly promising us, oh my god,"}, {"start": "00:09:07", "end": "00:09:11", "text": "inflation's coming, inflation's coming."}, {"start": "00:09:09", "end": "00:09:14", "text": "Everyone's brain broke during CO because"}, {"start": "00:09:11", "end": "00:09:15", "text": "everyone thought inflation's always"}, {"start": "00:09:14", "end": "00:09:19", "text": "going to come back. Like no, actually"}, {"start": "00:09:15", "end": "00:09:22", "text": "the lesson from CO is how insane that"}, {"start": "00:09:19", "end": "00:09:24", "text": "situation was. Um we literally are"}, {"start": "00:09:22", "end": "00:09:26", "text": "bombing Iran. We put a blockade on the"}, {"start": "00:09:24", "end": "00:09:29", "text": "straight of Hermos. Oil has gone up over"}, {"start": "00:09:26", "end": "00:09:32", "text": "$100 a barrel. Gas is $4 in America and"}, {"start": "00:09:29", "end": "00:09:34", "text": "we don't have high inflation. So, the"}, {"start": "00:09:32", "end": "00:09:36", "text": "fact that we had over 9% inflation"}, {"start": "00:09:34", "end": "00:09:39", "text": "according to the CPI tells you"}, {"start": "00:09:36", "end": "00:09:42", "text": "everything you need to know about how"}, {"start": "00:09:39", "end": "00:09:44", "text": "insane an outlier event that was. But"}, {"start": "00:09:42", "end": "00:09:46", "text": "outlier events are outliers. They don't"}, {"start": "00:09:44", "end": "00:09:48", "text": "constantly repeat themselves over and"}, {"start": "00:09:46", "end": "00:09:49", "text": "over and over again. And so from that"}, {"start": "00:09:48", "end": "00:09:52", "text": "perspective, I think that there's this,"}, {"start": "00:09:49", "end": "00:09:55", "text": "you know, kind of like mental psychosis"}, {"start": "00:09:52", "end": "00:09:56", "text": "that is happening in finance where it's"}, {"start": "00:09:55", "end": "00:09:58", "text": "almost like people want there to be bad"}, {"start": "00:09:56", "end": "00:10:00", "text": "things going on. And maybe some of it's"}, {"start": "00:09:58", "end": "00:10:00", "text": "like the Trump derangement syndrome"}, {"start": "00:10:00", "end": "00:10:02", "text": "stuff, but I think there was plenty of"}, {"start": "00:10:00", "end": "00:10:03", "text": "these people around when Biden was"}, {"start": "00:10:02", "end": "00:10:04", "text": "president, right? So, I don't actually"}, {"start": "00:10:03", "end": "00:10:06", "text": "think it's like as political maybe as"}, {"start": "00:10:04", "end": "00:10:09", "text": "people want it to be. I just think"}, {"start": "00:10:06", "end": "00:10:11", "text": "there's a bunch of people who they have"}, {"start": "00:10:09", "end": "00:10:12", "text": "equal access to a megaphone now. You can"}, {"start": "00:10:11", "end": "00:10:14", "text": "get on social media, you can say"}, {"start": "00:10:12", "end": "00:10:16", "text": "whatever you want. And guess what?"}, {"start": "00:10:14", "end": "00:10:18", "text": "Pessimists, they are able to attract an"}, {"start": "00:10:16", "end": "00:10:19", "text": "audience because they sound smart. But"}, {"start": "00:10:18", "end": "00:10:21", "text": "show us your returns. How many times"}, {"start": "00:10:19", "end": "00:10:22", "text": "you've been right? Right? If you were"}, {"start": "00:10:21", "end": "00:10:27", "text": "predicting the next great recession, you"}, {"start": "00:10:22", "end": "00:10:30", "text": "sold your stocks on February 28th or on"}, {"start": "00:10:27", "end": "00:10:32", "text": "March 1st and you were waiting for the"}, {"start": "00:10:30", "end": "00:10:34", "text": "25% drop in the stock market that you"}, {"start": "00:10:32", "end": "00:10:36", "text": "claimed was coming. When did you buy"}, {"start": "00:10:34", "end": "00:10:39", "text": "back in? When'd you wave the white flag?"}, {"start": "00:10:36", "end": "00:10:41", "text": "When did you give up? Cry uncle cuz you"}, {"start": "00:10:39", "end": "00:10:44", "text": "definitely didn't get a 25% drop in the"}, {"start": "00:10:41", "end": "00:10:46", "text": "stock market. And so it just goes back"}, {"start": "00:10:44", "end": "00:10:48", "text": "to I could make the argument that the"}, {"start": "00:10:46", "end": "00:10:51", "text": "stock market is having one of its best"}, {"start": "00:10:48", "end": "00:10:53", "text": "years ever so far. Why the intra-year"}, {"start": "00:10:51", "end": "00:10:56", "text": "draw down average"}, {"start": "00:10:53", "end": "00:11:01", "text": "across years the intra-year draw down is"}, {"start": "00:10:56", "end": "00:11:02", "text": "14%. We didn't get 14% down in the S&P."}, {"start": "00:11:01", "end": "00:11:03", "text": "So we're doing better than average year"}, {"start": "00:11:02", "end": "00:11:04", "text": "so far."}, {"start": "00:11:03", "end": "00:11:05", "text": ">> Year's not over."}, {"start": "00:11:04", "end": "00:11:07", "text": ">> Year's not over. Of course. I mean look,"}, {"start": "00:11:05", "end": "00:11:09", "text": "could we get another huge draw down?"}, {"start": "00:11:07", "end": "00:11:11", "text": "Sure. But like I don't know whatever the"}, {"start": "00:11:09", "end": "00:11:15", "text": "S&P ended up going down 9 10%. Didn't go"}, {"start": "00:11:11", "end": "00:11:16", "text": "down 14 and we're back to positive. So"}, {"start": "00:11:15", "end": "00:11:19", "text": "if I told you the start of the year, all"}, {"start": "00:11:16", "end": "00:11:20", "text": "right, here's the deal. Ready? We're"}, {"start": "00:11:19", "end": "00:11:22", "text": "going to go we're going to get the"}, {"start": "00:11:20", "end": "00:11:24", "text": "Panama Canal stuffs going. We're going"}, {"start": "00:11:22", "end": "00:11:26", "text": "to go put a bag over Maduro's head."}, {"start": "00:11:24", "end": "00:11:28", "text": "We're gonna use the discombobulator."}, {"start": "00:11:26", "end": "00:11:30", "text": "Then Trump's gonna really get on one. I"}, {"start": "00:11:28", "end": "00:11:32", "text": "think he's got a hot hand. He's going to"}, {"start": "00:11:30", "end": "00:11:35", "text": "go start bombing Iran. We're going to"}, {"start": "00:11:32", "end": "00:11:36", "text": "have them firing off drones and rockets"}, {"start": "00:11:35", "end": "00:11:38", "text": "and missiles and stuff all over the"}, {"start": "00:11:36", "end": "00:11:41", "text": "Middle East, hitting random countries"}, {"start": "00:11:38", "end": "00:11:44", "text": "and civilians and uh energy depots and"}, {"start": "00:11:41", "end": "00:11:47", "text": "all this stuff. Then we're going to"}, {"start": "00:11:44", "end": "00:11:48", "text": "announce a ceasefire. And then we're"}, {"start": "00:11:47", "end": "00:11:50", "text": "going to go to negotiations and not get"}, {"start": "00:11:48", "end": "00:11:54", "text": "the ceasefire. Oh, by the way, Russia"}, {"start": "00:11:50", "end": "00:11:56", "text": "Ukraine's still happening. By the way,"}, {"start": "00:11:54", "end": "00:11:57", "text": "China is over there trying to figure out"}, {"start": "00:11:56", "end": "00:11:59", "text": "what they're going to do because they're"}, {"start": "00:11:57", "end": "00:12:01", "text": "actually under a lot of pain right now."}, {"start": "00:11:59", "end": "00:12:04", "text": "That's why they want Iran to settle this"}, {"start": "00:12:01", "end": "00:12:07", "text": "so they can start getting oil again."}, {"start": "00:12:04", "end": "00:12:10", "text": "Oh, did you know that the United States"}, {"start": "00:12:07", "end": "00:12:12", "text": "has gone and bombed Ecuador?"}, {"start": "00:12:10", "end": "00:12:15", "text": "Oo, that's going to Let's have that"}, {"start": "00:12:12", "end": "00:12:16", "text": "conversation. We literally are doing so"}, {"start": "00:12:15", "end": "00:12:17", "text": "many things in the Western Hemisphere"}, {"start": "00:12:16", "end": "00:12:20", "text": "that most people don't even know that"}, {"start": "00:12:17", "end": "00:12:22", "text": "stuff is true. In Ecuador over the last,"}, {"start": "00:12:20", "end": "00:12:25", "text": "I don't know, eight weeks, we have"}, {"start": "00:12:22", "end": "00:12:26", "text": "bombed narot terrorist organizations. A"}, {"start": "00:12:25", "end": "00:12:28", "text": "lot of people don't know that we dropped"}, {"start": "00:12:26", "end": "00:12:29", "text": "a bomb there, right? Or or a missile or"}, {"start": "00:12:28", "end": "00:12:32", "text": "a strike, whatever you want to call it."}, {"start": "00:12:29", "end": "00:12:34", "text": "So, if I told you all that was going on"}, {"start": "00:12:32", "end": "00:12:35", "text": "and I told you the S&P was positive,"}, {"start": "00:12:34", "end": "00:12:37", "text": "would you have believed me? Probably"}, {"start": "00:12:35", "end": "00:12:41", "text": "not. If I told you that Bitcoin was one"}, {"start": "00:12:37", "end": "00:12:43", "text": "of the best performing assets during the"}, {"start": "00:12:41", "end": "00:12:45", "text": "conflict with Iran, most people probably"}, {"start": "00:12:43", "end": "00:12:48", "text": "wouldn't have believed that, right? So,"}, {"start": "00:12:45", "end": "00:12:51", "text": "it just goes back to listen, think long"}, {"start": "00:12:48", "end": "00:12:52", "text": "term. It's all noise. The best"}, {"start": "00:12:51", "end": "00:12:55", "text": "performing people just have a thesis"}, {"start": "00:12:52", "end": "00:12:57", "text": "that is going to last decades. They stay"}, {"start": "00:12:55", "end": "00:12:58", "text": "disciplined. You can be intellectually"}, {"start": "00:12:57", "end": "00:13:00", "text": "stimulated by the public conversation,"}, {"start": "00:12:58", "end": "00:13:02", "text": "but just don't don't make emotional"}, {"start": "00:13:00", "end": "00:13:04", "text": "decisions off of it. Today's episode is"}, {"start": "00:13:02", "end": "00:13:05", "text": "brought to you by Consensus Miami. I'm"}, {"start": "00:13:04", "end": "00:13:07", "text": "going to be speaking there on the main"}, {"start": "00:13:05", "end": "00:13:10", "text": "stage in a couple of weeks. This is the"}, {"start": "00:13:07", "end": "00:13:11", "text": "event the entire industry shows up for."}, {"start": "00:13:10", "end": "00:13:14", "text": "Wall Street, the White House, all of"}, {"start": "00:13:11", "end": "00:13:16", "text": "crypto and web 3. This May 5th through"}, {"start": "00:13:14", "end": "00:13:18", "text": "May 7th, you can discover everything"}, {"start": "00:13:16", "end": "00:13:20", "text": "from crypto at scale to institutional"}, {"start": "00:13:18", "end": "00:13:22", "text": "integration and agentic commerce. It's"}, {"start": "00:13:20", "end": "00:13:25", "text": "the forces driving trillions on chain"}, {"start": "00:13:22", "end": "00:13:27", "text": "and reshaping global finance. 20,000"}, {"start": "00:13:25", "end": "00:13:29", "text": "decision makers are going to be in"}, {"start": "00:13:27", "end": "00:13:31", "text": "attendance. Three action-packed days."}, {"start": "00:13:29", "end": "00:13:33", "text": "Deals get signed here, funds get raised"}, {"start": "00:13:31", "end": "00:13:35", "text": "here, and the next cycle starts here as"}, {"start": "00:13:33", "end": "00:13:37", "text": "well. You can't afford to miss it. I'll"}, {"start": "00:13:35", "end": "00:13:40", "text": "be there speaking. And you can use the"}, {"start": "00:13:37", "end": "00:13:43", "text": "code PMPO to get 25% off your pass and"}, {"start": "00:13:40", "end": "00:13:45", "text": "join me there. Go in the description and"}, {"start": "00:13:43", "end": "00:13:47", "text": "look how to spell my name and use code"}, {"start": "00:13:45", "end": "00:13:49", "text": "Pompiano to get 25% off your pass to"}, {"start": "00:13:47", "end": "00:13:51", "text": "join me there."}, {"start": "00:13:49", "end": "00:13:53", "text": "Today's episode is brought to you by"}, {"start": "00:13:51", "end": "00:13:55", "text": "Arch Public. I absolutely love these"}, {"start": "00:13:53", "end": "00:13:56", "text": "guys. Arch public is an agentic trading"}, {"start": "00:13:55", "end": "00:13:58", "text": "platform that automates the buying and"}, {"start": "00:13:56", "end": "00:14:00", "text": "selling of your preferred crypto"}, {"start": "00:13:58", "end": "00:14:01", "text": "strategies using sophisticated"}, {"start": "00:14:00", "end": "00:14:03", "text": "algorithms like the intelligence"}, {"start": "00:14:01", "end": "00:14:05", "text": "arbitrage and oracle protocols. Arch"}, {"start": "00:14:03", "end": "00:14:07", "text": "public executes advanced automated"}, {"start": "00:14:05", "end": "00:14:09", "text": "crypto strategies fully customized to"}, {"start": "00:14:07", "end": "00:14:11", "text": "your goals. Is your aim to accumulate"}, {"start": "00:14:09", "end": "00:14:13", "text": "Bitcoin during market dips, generate"}, {"start": "00:14:11", "end": "00:14:15", "text": "profits from Ethereum volatility, or"}, {"start": "00:14:13", "end": "00:14:18", "text": "sell Salana or XRP in layers as it"}, {"start": "00:14:15", "end": "00:14:20", "text": "reclaims all-time highs? If so, Arch"}, {"start": "00:14:18", "end": "00:14:22", "text": "Public is built for you. Are you worried"}, {"start": "00:14:20", "end": "00:14:25", "text": "about doing it alone? No problem. Arch"}, {"start": "00:14:22", "end": "00:14:27", "text": "Public provides everyone, yes, everyone,"}, {"start": "00:14:25", "end": "00:14:29", "text": "with hands-on, dedicated support from"}, {"start": "00:14:27", "end": "00:14:31", "text": "their concierge team to help implement"}, {"start": "00:14:29", "end": "00:14:33", "text": "the strategy that you choose. As a"}, {"start": "00:14:31", "end": "00:14:35", "text": "preferred trading partner of Coinbase,"}, {"start": "00:14:33", "end": "00:14:37", "text": "Kraken, Robin Hood, and Gemini, Arch"}, {"start": "00:14:35", "end": "00:14:39", "text": "Public offers a proven track record of"}, {"start": "00:14:37", "end": "00:14:41", "text": "security and performance so that you can"}, {"start": "00:14:39", "end": "00:14:43", "text": "trade with confidence. Sign up today at"}, {"start": "00:14:41", "end": "00:14:46", "text": "archpub.com and start your automated"}, {"start": "00:14:43", "end": "00:14:49", "text": "trading strategy for free. No catch, no"}, {"start": "00:14:46", "end": "00:14:51", "text": "hidden fees, just smarter trading. Your"}, {"start": "00:14:49", "end": "00:14:54", "text": "crypto, your exchange, your profits."}, {"start": "00:14:51", "end": "00:14:56", "text": "Archub. Go to archpub.com and tell them"}, {"start": "00:14:54", "end": "00:14:58", "text": "I sent you."}, {"start": "00:14:56", "end": "00:14:59", "text": ">> People care about returns. Uh what do"}, {"start": "00:14:58", "end": "00:15:01", "text": "you expect leading into the rest of this"}, {"start": "00:14:59", "end": "00:15:03", "text": "year? It seems like, you know, there's"}, {"start": "00:15:01", "end": "00:15:05", "text": "been a um a little bit of flip-flopping"}, {"start": "00:15:03", "end": "00:15:06", "text": "from inflation to deflation to kind of"}, {"start": "00:15:05", "end": "00:15:09", "text": "where's this stuff going and how do you"}, {"start": "00:15:06", "end": "00:15:10", "text": "see asset assets reacting to"}, {"start": "00:15:09", "end": "00:15:12", "text": ">> higher"}, {"start": "00:15:10", "end": "00:15:13", "text": ">> higher? Why do you think that?"}, {"start": "00:15:12", "end": "00:15:16", "text": ">> You didn't even ask me what asset. Just"}, {"start": "00:15:13", "end": "00:15:18", "text": "higher. Bitcoin's going higher. Gold's"}, {"start": "00:15:16", "end": "00:15:20", "text": "going higher. stocks are going higher"}, {"start": "00:15:18", "end": "00:15:22", "text": "because ultimately we are going to get"}, {"start": "00:15:20", "end": "00:15:24", "text": "asset inflation. See one of the weird"}, {"start": "00:15:22", "end": "00:15:25", "text": "things is um people want to have a black"}, {"start": "00:15:24", "end": "00:15:27", "text": "and white world. So if I tell you hey"}, {"start": "00:15:25", "end": "00:15:29", "text": "deflation is likely to happen right or"}, {"start": "00:15:27", "end": "00:15:31", "text": "it's the bigger risk then people say"}, {"start": "00:15:29", "end": "00:15:34", "text": "okay well if there's deflation then"}, {"start": "00:15:31", "end": "00:15:38", "text": "asset prices actually usually go down."}, {"start": "00:15:34", "end": "00:15:39", "text": "Hm. Okay. But then if I tell you, but"}, {"start": "00:15:38", "end": "00:15:42", "text": "the government is going to be"}, {"start": "00:15:39", "end": "00:15:45", "text": "incentivized to print more money and"}, {"start": "00:15:42", "end": "00:15:47", "text": "that money is going to find its way into"}, {"start": "00:15:45", "end": "00:15:50", "text": "assets because now people are convinced"}, {"start": "00:15:47", "end": "00:15:53", "text": "I shouldn't hold this cash."}, {"start": "00:15:50", "end": "00:15:55", "text": "I'm not predicting this necessarily, but"}, {"start": "00:15:53", "end": "00:15:58", "text": "I think that there are higher odds that"}, {"start": "00:15:55", "end": "00:16:01", "text": "we could get asset inflation while"}, {"start": "00:15:58", "end": "00:16:03", "text": "consumer inflation does not get out of"}, {"start": "00:16:01", "end": "00:16:05", "text": "control."}, {"start": "00:16:03", "end": "00:16:07", "text": "very nuanced. Could we get asset"}, {"start": "00:16:05", "end": "00:16:07", "text": "inflation without high consumer"}, {"start": "00:16:07", "end": "00:16:09", "text": "inflation?"}, {"start": "00:16:07", "end": "00:16:12", "text": ">> Does the Fed or like who would be the"}, {"start": "00:16:09", "end": "00:16:13", "text": "main driver uh to ensure that that is a"}, {"start": "00:16:12", "end": "00:16:16", "text": "path to a possibility?"}, {"start": "00:16:13", "end": "00:16:19", "text": ">> Well, what one way to think about this"}, {"start": "00:16:16", "end": "00:16:21", "text": "is could we have a low inflation high"}, {"start": "00:16:19", "end": "00:16:23", "text": "growth economy? It's like a central"}, {"start": "00:16:21", "end": "00:16:25", "text": "banker's dream, right? Is I don't have"}, {"start": "00:16:23", "end": "00:16:27", "text": "to juice the economy that much because"}, {"start": "00:16:25", "end": "00:16:29", "text": "we're getting high uh high growth"}, {"start": "00:16:27", "end": "00:16:31", "text": "already and inflation is staying, you"}, {"start": "00:16:29", "end": "00:16:34", "text": "know, low and manageable. Okay. Okay."}, {"start": "00:16:31", "end": "00:16:36", "text": "Well, how could we get that? Well, could"}, {"start": "00:16:34", "end": "00:16:39", "text": "we drive growth from artificial"}, {"start": "00:16:36", "end": "00:16:42", "text": "intelligence, robotics, crypto, you"}, {"start": "00:16:39", "end": "00:16:43", "text": "know, name your space, right? Name all"}, {"start": "00:16:42", "end": "00:16:46", "text": "these uh kind of innovative"}, {"start": "00:16:43", "end": "00:16:48", "text": "technologies. At the same time that"}, {"start": "00:16:46", "end": "00:16:52", "text": "those technologies are deflationary from"}, {"start": "00:16:48", "end": "00:16:54", "text": "a consumer standpoint, 100% we could."}, {"start": "00:16:52", "end": "00:16:56", "text": "And so, guess what is starting to"}, {"start": "00:16:54", "end": "00:16:59", "text": "happen? We're seeing that play out."}, {"start": "00:16:56", "end": "00:17:02", "text": "Sharpie, the maker of your favorite"}, {"start": "00:16:59", "end": "00:17:04", "text": "marker. They somehow reshorted their"}, {"start": "00:17:02", "end": "00:17:06", "text": "manufacturing, used robotics. They are"}, {"start": "00:17:04", "end": "00:17:08", "text": "paying their employees more money. They"}, {"start": "00:17:06", "end": "00:17:10", "text": "didn't fire people and they have better"}, {"start": "00:17:08", "end": "00:17:12", "text": "margins."}, {"start": "00:17:10", "end": "00:17:14", "text": "That sounds how's that even possible?"}, {"start": "00:17:12", "end": "00:17:17", "text": ">> Well, it goes back to let's just use a"}, {"start": "00:17:14", "end": "00:17:19", "text": "simple example. If you have a factory"}, {"start": "00:17:17", "end": "00:17:22", "text": "and you have 100 employees at that"}, {"start": "00:17:19", "end": "00:17:24", "text": "factory and those hundred people are"}, {"start": "00:17:22", "end": "00:17:25", "text": "you're working them to the bone, you you"}, {"start": "00:17:24", "end": "00:17:26", "text": "got to get the work done. There's no"}, {"start": "00:17:25", "end": "00:17:29", "text": "robotics, there's no machines, there's"}, {"start": "00:17:26", "end": "00:17:32", "text": "no anything. Okay. Well, it let's say"}, {"start": "00:17:29", "end": "00:17:33", "text": "that those 100 people can produce I"}, {"start": "00:17:32", "end": "00:17:37", "text": "don't know, use easy numbers, they can"}, {"start": "00:17:33", "end": "00:17:40", "text": "produce uh 20 units of your good every"}, {"start": "00:17:37", "end": "00:17:42", "text": "single day. All right? If you start to"}, {"start": "00:17:40", "end": "00:17:44", "text": "actually introduce machines,"}, {"start": "00:17:42", "end": "00:17:47", "text": "guess what happens? You first start"}, {"start": "00:17:44", "end": "00:17:49", "text": "machines augment the people. So now"}, {"start": "00:17:47", "end": "00:17:52", "text": "those 100 people can produce not 20"}, {"start": "00:17:49", "end": "00:17:56", "text": "units, maybe they can produce 22 or 25"}, {"start": "00:17:52", "end": "00:17:58", "text": "units. Well, your cost in terms of"}, {"start": "00:17:56", "end": "00:18:00", "text": "running day-to-day labor is a big input,"}, {"start": "00:17:58", "end": "00:18:01", "text": "maybe the biggest input, stayed the"}, {"start": "00:18:00", "end": "00:18:04", "text": "same. You still have 100 people working"}, {"start": "00:18:01", "end": "00:18:06", "text": "there, but now you're producing 25 units"}, {"start": "00:18:04", "end": "00:18:09", "text": "instead of 20. Well, if you have healthy"}, {"start": "00:18:06", "end": "00:18:11", "text": "margins, then you're likely to make more"}, {"start": "00:18:09", "end": "00:18:13", "text": "money and you know you have healthy"}, {"start": "00:18:11", "end": "00:18:14", "text": "margins because the machines are making"}, {"start": "00:18:13", "end": "00:18:16", "text": "the same number of people more"}, {"start": "00:18:14", "end": "00:18:18", "text": "productive. Now, are there capex"}, {"start": "00:18:16", "end": "00:18:20", "text": "expenses? And there's nuance, right?"}, {"start": "00:18:18", "end": "00:18:22", "text": "But, but generally, that's the idea. But"}, {"start": "00:18:20", "end": "00:18:24", "text": "what we're seeing is, well, what if you"}, {"start": "00:18:22", "end": "00:18:27", "text": "don't go from 20 to 25? What if the"}, {"start": "00:18:24", "end": "00:18:30", "text": "machines help you go from 20 to 50?"}, {"start": "00:18:27", "end": "00:18:32", "text": "Well, now you have more profits. You"}, {"start": "00:18:30", "end": "00:18:34", "text": "didn't fire anyone. So, you as a"}, {"start": "00:18:32", "end": "00:18:37", "text": "business owner can make more money and"}, {"start": "00:18:34", "end": "00:18:40", "text": "pay the employees more money because you"}, {"start": "00:18:37", "end": "00:18:42", "text": "have more money to work with and you're"}, {"start": "00:18:40", "end": "00:18:44", "text": "more productive. So, what you've done"}, {"start": "00:18:42", "end": "00:18:46", "text": "essentially is you've increased or held"}, {"start": "00:18:44", "end": "00:18:48", "text": "your profit margin. You've got more"}, {"start": "00:18:46", "end": "00:18:49", "text": "profits as a business owner and your"}, {"start": "00:18:48", "end": "00:18:50", "text": "employees are better paid. You think"}, {"start": "00:18:49", "end": "00:18:51", "text": "people want to work at those types of"}, {"start": "00:18:50", "end": "00:18:52", "text": "businesses?"}, {"start": "00:18:51", "end": "00:18:54", "text": ">> But why does that happen now? Like"}, {"start": "00:18:52", "end": "00:18:56", "text": "technology is it's not something new,"}, {"start": "00:18:54", "end": "00:19:00", "text": "right? Uh especially in the logistics."}, {"start": "00:18:56", "end": "00:19:02", "text": ">> Yes and no. Yes and no. Right. Um how is"}, {"start": "00:19:00", "end": "00:19:06", "text": "it that Elon is able to pump out as many"}, {"start": "00:19:02", "end": "00:19:08", "text": "cars as he does? Robotics, right? So you"}, {"start": "00:19:06", "end": "00:19:10", "text": "look at it like Sharpie is a good"}, {"start": "00:19:08", "end": "00:19:12", "text": "example. That that is pretty much the"}, {"start": "00:19:10", "end": "00:19:14", "text": "story of Sharpie is they invested in"}, {"start": "00:19:12", "end": "00:19:16", "text": "technology and they were able to do"}, {"start": "00:19:14", "end": "00:19:18", "text": "this, right? And it didn't have a"}, {"start": "00:19:16", "end": "00:19:20", "text": "negative impact on employees. See, one"}, {"start": "00:19:18", "end": "00:19:22", "text": "of the things that I've changed my mind"}, {"start": "00:19:20", "end": "00:19:24", "text": "on is um one of the things I've changed"}, {"start": "00:19:22", "end": "00:19:26", "text": "my mind on is the impact of artificial"}, {"start": "00:19:24", "end": "00:19:28", "text": "intelligence on jobs. Are there a lot of"}, {"start": "00:19:26", "end": "00:19:30", "text": "people who are going to have to retrain"}, {"start": "00:19:28", "end": "00:19:32", "text": "themselves and get new jobs? 100%. But"}, {"start": "00:19:30", "end": "00:19:34", "text": "there will be more jobs in the economy,"}, {"start": "00:19:32", "end": "00:19:35", "text": "not less. What do I mean by that? Well,"}, {"start": "00:19:34", "end": "00:19:37", "text": "let's look at software engineers as an"}, {"start": "00:19:35", "end": "00:19:40", "text": "example. Basically, AI came out. We saw"}, {"start": "00:19:37", "end": "00:19:43", "text": "software job openings crater. Well,"}, {"start": "00:19:40", "end": "00:19:45", "text": "guess what? Now they're up and they're"}, {"start": "00:19:43", "end": "00:19:46", "text": "growing rapidly. There's more job"}, {"start": "00:19:45", "end": "00:19:50", "text": "openings today than there was when Chat"}, {"start": "00:19:46", "end": "00:19:51", "text": "GBT came out. Why is that? Well, if I"}, {"start": "00:19:50", "end": "00:19:53", "text": "can take this technology and I can hand"}, {"start": "00:19:51", "end": "00:19:54", "text": "it to an engineer, that engineer is now"}, {"start": "00:19:53", "end": "00:19:56", "text": "more productive. As a business owner,"}, {"start": "00:19:54", "end": "00:19:57", "text": "I'm incentivized. How do I get as many"}, {"start": "00:19:56", "end": "00:19:58", "text": "of these people here as possible so I"}, {"start": "00:19:57", "end": "00:20:00", "text": "can make them more productive so I can"}, {"start": "00:19:58", "end": "00:20:02", "text": "grow faster and accelerate and drive"}, {"start": "00:20:00", "end": "00:20:04", "text": "more profits and become more valuable?"}, {"start": "00:20:02", "end": "00:20:06", "text": "So, in a weird way, what we're doing is"}, {"start": "00:20:04", "end": "00:20:08", "text": "we're actually opening up the pool for a"}, {"start": "00:20:06", "end": "00:20:11", "text": "company and we're saying, look, for"}, {"start": "00:20:08", "end": "00:20:13", "text": "every dollar you invest in talent,"}, {"start": "00:20:11", "end": "00:20:15", "text": "you're actually getting more units of"}, {"start": "00:20:13", "end": "00:20:17", "text": "productivity from that dollar invested."}, {"start": "00:20:15", "end": "00:20:21", "text": "So, you're incentivized to invest more,"}, {"start": "00:20:17", "end": "00:20:23", "text": "not less. And so, I think that the AI"}, {"start": "00:20:21", "end": "00:20:26", "text": "job loss narrative is real in certain"}, {"start": "00:20:23", "end": "00:20:28", "text": "industries. But, uh, Pro Cap Insights,"}, {"start": "00:20:26", "end": "00:20:30", "text": "the, uh, the research firm, um, that we"}, {"start": "00:20:28", "end": "00:20:31", "text": "recently announced, uh, what they're"}, {"start": "00:20:30", "end": "00:20:32", "text": "doing is they're using artificial"}, {"start": "00:20:31", "end": "00:20:34", "text": "intelligence to sift through mountains"}, {"start": "00:20:32", "end": "00:20:36", "text": "of data, find these insights, and then"}, {"start": "00:20:34", "end": "00:20:38", "text": "AI is actually writing the report. So,"}, {"start": "00:20:36", "end": "00:20:40", "text": "it's the first uh, agentic research firm"}, {"start": "00:20:38", "end": "00:20:44", "text": "on Wall Street that we're aware of."}, {"start": "00:20:40", "end": "00:20:46", "text": "Fullbore uh, AI writes the whole thing."}, {"start": "00:20:44", "end": "00:20:49", "text": "One of those reports talks about the"}, {"start": "00:20:46", "end": "00:20:51", "text": "fact that actually there's a lot of job"}, {"start": "00:20:49", "end": "00:20:55", "text": "loss for people between the ages of like"}, {"start": "00:20:51", "end": "00:20:57", "text": "22 and like 28. But there is job"}, {"start": "00:20:55", "end": "00:20:59", "text": "increase, job growth for people over the"}, {"start": "00:20:57", "end": "00:21:00", "text": "age of 30. And so if you want to read"}, {"start": "00:20:59", "end": "00:21:01", "text": "that report, you can go to"}, {"start": "00:21:00", "end": "00:21:03", "text": "procapinsights.com."}, {"start": "00:21:01", "end": "00:21:05", "text": "But in that report, you know what I took"}, {"start": "00:21:03", "end": "00:21:09", "text": "away from that? Experience just became"}, {"start": "00:21:05", "end": "00:21:10", "text": "more valuable. So now it is not only"}, {"start": "00:21:09", "end": "00:21:12", "text": "hey, do you know understand the"}, {"start": "00:21:10", "end": "00:21:13", "text": "technology, but do you have experience?"}, {"start": "00:21:12", "end": "00:21:15", "text": "And so if you put this stuff together,"}, {"start": "00:21:13", "end": "00:21:17", "text": "you realize like artificial intelligence"}, {"start": "00:21:15", "end": "00:21:19", "text": "is going to be a productivity boom. But"}, {"start": "00:21:17", "end": "00:21:22", "text": "there is going to be deflation because"}, {"start": "00:21:19", "end": "00:21:23", "text": "the cost structure changes. But just"}, {"start": "00:21:22", "end": "00:21:24", "text": "because cost structure changes doesn't"}, {"start": "00:21:23", "end": "00:21:26", "text": "mean all of a sudden companies stop"}, {"start": "00:21:24", "end": "00:21:28", "text": "growing. Actually the opposite. They"}, {"start": "00:21:26", "end": "00:21:29", "text": "accelerate. You know, one of the"}, {"start": "00:21:28", "end": "00:21:32", "text": "industries I'm very interested in data"}, {"start": "00:21:29", "end": "00:21:33", "text": "labeling. I know I don't know I probably"}, {"start": "00:21:32", "end": "00:21:35", "text": "rattle off eight or nine companies that"}, {"start": "00:21:33", "end": "00:21:37", "text": "either started going after this or were"}, {"start": "00:21:35", "end": "00:21:38", "text": "like defunct bad companies. There's a"}, {"start": "00:21:37", "end": "00:21:39", "text": "company called Handshake. I don't I"}, {"start": "00:21:38", "end": "00:21:40", "text": "don't know if you know this. There's a"}, {"start": "00:21:39", "end": "00:21:43", "text": "company called Handshake. They've been"}, {"start": "00:21:40", "end": "00:21:46", "text": "around for 12 or 13 years. Um, it was"}, {"start": "00:21:43", "end": "00:21:48", "text": "going like okay. I think last January"}, {"start": "00:21:46", "end": "00:21:49", "text": "they did like a million dollars of"}, {"start": "00:21:48", "end": "00:21:50", "text": "revenue or something like they were on"}, {"start": "00:21:49", "end": "00:21:53", "text": "pace to a million dollars of revenue."}, {"start": "00:21:50", "end": "00:21:55", "text": "Um, then a couple of months later they"}, {"start": "00:21:53", "end": "00:21:58", "text": "were 5 million. I think they ended last"}, {"start": "00:21:55", "end": "00:22:03", "text": "year doing like a hundred then 100"}, {"start": "00:21:58", "end": "00:22:05", "text": "million in ARR. Then uh they're up to um"}, {"start": "00:22:03", "end": "00:22:07", "text": "I think 500 million like a month or two"}, {"start": "00:22:05", "end": "00:22:08", "text": "ago and now I think they're doing a"}, {"start": "00:22:07", "end": "00:22:11", "text": "billion or something like that. like"}, {"start": "00:22:08", "end": "00:22:11", "text": "whatever it is, it's some crazy rant,"}, {"start": "00:22:11", "end": "00:22:13", "text": "right?"}, {"start": "00:22:11", "end": "00:22:16", "text": ">> Oh, they're helping people to do data"}, {"start": "00:22:13", "end": "00:22:19", "text": "labeling. LinkedIn is now offering $150"}, {"start": "00:22:16", "end": "00:22:20", "text": "an hour for people to label data in"}, {"start": "00:22:19", "end": "00:22:22", "text": "different sectors. So, if you think"}, {"start": "00:22:20", "end": "00:22:24", "text": "about that for a second, like, okay, so"}, {"start": "00:22:22", "end": "00:22:27", "text": "let's say that you are, I don't know, an"}, {"start": "00:22:24", "end": "00:22:28", "text": "accountant and or let's even go uh less"}, {"start": "00:22:27", "end": "00:22:31", "text": "kind of professional training and and"}, {"start": "00:22:28", "end": "00:22:35", "text": "licensing. Let's just say that you are"}, {"start": "00:22:31", "end": "00:22:40", "text": "um the front desk receptionist at a uh"}, {"start": "00:22:35", "end": "00:22:41", "text": "medical um uh facility and you've spent"}, {"start": "00:22:40", "end": "00:22:43", "text": "most of your time, you know, answering"}, {"start": "00:22:41", "end": "00:22:45", "text": "calls, emails, greeting people, but also"}, {"start": "00:22:43", "end": "00:22:47", "text": "on the side uh you've been having to"}, {"start": "00:22:45", "end": "00:22:50", "text": "categorize and organize uh"}, {"start": "00:22:47", "end": "00:22:53", "text": "pharmaceutical drugs maybe, right?"}, {"start": "00:22:50", "end": "00:22:54", "text": "there's increasing odds that a place"}, {"start": "00:22:53", "end": "00:22:57", "text": "whether it is a LinkedIn or some other"}, {"start": "00:22:54", "end": "00:23:00", "text": "service will pay you to do the exact"}, {"start": "00:22:57", "end": "00:23:02", "text": "same thing but label data so that the"}, {"start": "00:23:00", "end": "00:23:04", "text": "machines can learn how to do that and"}, {"start": "00:23:02", "end": "00:23:05", "text": "they'll pay you 150 200 bucks an hour."}, {"start": "00:23:04", "end": "00:23:07", "text": "So, if you lose your job because all of"}, {"start": "00:23:05", "end": "00:23:09", "text": "a sudden, you know, your boss becomes"}, {"start": "00:23:07", "end": "00:23:10", "text": "some genius who wants to put like a"}, {"start": "00:23:09", "end": "00:23:11", "text": "computer screen there and he's going to"}, {"start": "00:23:10", "end": "00:23:13", "text": "have somebody in the Philippines, you"}, {"start": "00:23:11", "end": "00:23:14", "text": "know, answer the calls or whatever, or"}, {"start": "00:23:13", "end": "00:23:17", "text": "he's going to have somebody, you know,"}, {"start": "00:23:14", "end": "00:23:20", "text": "greet them on a on a computer screen."}, {"start": "00:23:17", "end": "00:23:21", "text": "In a weird way, if you can reposition"}, {"start": "00:23:20", "end": "00:23:24", "text": "yourself and use the knowledge you have"}, {"start": "00:23:21", "end": "00:23:26", "text": "in data labeling, you actually may make"}, {"start": "00:23:24", "end": "00:23:27", "text": "more money. I'm not saying that's"}, {"start": "00:23:26", "end": "00:23:29", "text": "everybody. I'm not saying it's easy. I'm"}, {"start": "00:23:27", "end": "00:23:30", "text": "not saying that it's likely. But I think"}, {"start": "00:23:29", "end": "00:23:33", "text": "those are the types of opportunities now"}, {"start": "00:23:30", "end": "00:23:34", "text": "people are starting to realize is you"}, {"start": "00:23:33", "end": "00:23:36", "text": "can use the knowledge you have again the"}, {"start": "00:23:34", "end": "00:23:38", "text": "experience and you can apply it to these"}, {"start": "00:23:36", "end": "00:23:39", "text": "new industries. And so I think that"}, {"start": "00:23:38", "end": "00:23:41", "text": "there's a lot of folks who are saying to"}, {"start": "00:23:39", "end": "00:23:42", "text": "themselves why am I doing the thing I'm"}, {"start": "00:23:41", "end": "00:23:44", "text": "doing? Why don't I take the knowledge"}, {"start": "00:23:42", "end": "00:23:46", "text": "and apply it to this new industry and if"}, {"start": "00:23:44", "end": "00:23:49", "text": "I do that right I can make more money"}, {"start": "00:23:46", "end": "00:23:50", "text": "maybe work less and end up in a much"}, {"start": "00:23:49", "end": "00:23:51", "text": "better position. And so I think that's"}, {"start": "00:23:50", "end": "00:23:52", "text": "pretty exciting."}, {"start": "00:23:51", "end": "00:23:54", "text": ">> Yeah. I didn't know this conversation"}, {"start": "00:23:52", "end": "00:23:56", "text": "was gonna go this way but it's an"}, {"start": "00:23:54", "end": "00:23:58", "text": "interesting topic on the idea of one the"}, {"start": "00:23:56", "end": "00:24:00", "text": "experience side is you know uh if you"}, {"start": "00:23:58", "end": "00:24:01", "text": "have instead of a pool of 10 entry level"}, {"start": "00:24:00", "end": "00:24:03", "text": "employees you have five obviously you"}, {"start": "00:24:01", "end": "00:24:05", "text": "know some employees leave over the years"}, {"start": "00:24:03", "end": "00:24:06", "text": "but you just have le uh a smaller pool"}, {"start": "00:24:05", "end": "00:24:08", "text": "to pick from on the executive side of"}, {"start": "00:24:06", "end": "00:24:10", "text": "things uh that's one thing but the"}, {"start": "00:24:08", "end": "00:24:12", "text": "second thing is I feel like a lot of"}, {"start": "00:24:10", "end": "00:24:14", "text": "people when they are you know hey I'm"}, {"start": "00:24:12", "end": "00:24:17", "text": "data labeling uh they feel like they're"}, {"start": "00:24:14", "end": "00:24:19", "text": "training the AI to take their job almost"}, {"start": "00:24:17", "end": "00:24:22", "text": "uh how do you how should people think"}, {"start": "00:24:19", "end": "00:24:24", "text": "about the difference between hey I am"}, {"start": "00:24:22", "end": "00:24:26", "text": "helping to increase productivity in my"}, {"start": "00:24:24", "end": "00:24:28", "text": "company, but I'm also maybe replacing,"}, {"start": "00:24:26", "end": "00:24:29", "text": "you know, work that I will have to do in"}, {"start": "00:24:28", "end": "00:24:31", "text": "the future. And there is no guarantee"}, {"start": "00:24:29", "end": "00:24:32", "text": "that there is, you know, other work for"}, {"start": "00:24:31", "end": "00:24:33", "text": "me to go do and and be productive"}, {"start": "00:24:32", "end": "00:24:34", "text": "elsewhere."}, {"start": "00:24:33", "end": "00:24:36", "text": ">> The number one thing you can do inside"}, {"start": "00:24:34", "end": "00:24:38", "text": "of a company to have job security right"}, {"start": "00:24:36", "end": "00:24:40", "text": "now is become the AI guy or the AI girl."}, {"start": "00:24:38", "end": "00:24:42", "text": "If you understand AI, if you understand"}, {"start": "00:24:40", "end": "00:24:44", "text": "how to implement it, you are not going"}, {"start": "00:24:42", "end": "00:24:45", "text": "to lose your job. These companies are"}, {"start": "00:24:44", "end": "00:24:47", "text": "going to ask you, can you do this? You"}, {"start": "00:24:45", "end": "00:24:47", "text": "do it. They're going to say, okay,"}, {"start": "00:24:47", "end": "00:24:48", "text": "that's great. Here's more"}, {"start": "00:24:47", "end": "00:24:51", "text": "responsibility. Here's more"}, {"start": "00:24:48", "end": "00:24:52", "text": "responsibility. And it is a uh you know"}, {"start": "00:24:51", "end": "00:24:53", "text": "there's a difference between elevators"}, {"start": "00:24:52", "end": "00:24:56", "text": "and stairs. You know people usually say"}, {"start": "00:24:53", "end": "00:24:58", "text": "that uh uh you take the stairs up and"}, {"start": "00:24:56", "end": "00:25:00", "text": "the elevator down. Not if you know AI"}, {"start": "00:24:58", "end": "00:25:03", "text": "and a corporation. You take the elevator"}, {"start": "00:25:00", "end": "00:25:05", "text": "up baby, right? Because as soon as you"}, {"start": "00:25:03", "end": "00:25:07", "text": "become known as the AI guy or the AI"}, {"start": "00:25:05", "end": "00:25:09", "text": "girl, you up. And I think that that's"}, {"start": "00:25:07", "end": "00:25:11", "text": "going to be a a huge thing. And you got"}, {"start": "00:25:09", "end": "00:25:12", "text": "to show results, right? But but that"}, {"start": "00:25:11", "end": "00:25:14", "text": "that's big. And look, this all comes"}, {"start": "00:25:12", "end": "00:25:15", "text": "back to Bitcoin as well, right? I think"}, {"start": "00:25:14", "end": "00:25:17", "text": "a lot of folks are saying to themselves,"}, {"start": "00:25:15", "end": "00:25:18", "text": "okay, well, Bitcoin has this really"}, {"start": "00:25:17", "end": "00:25:20", "text": "weird relationship, very sensitive"}, {"start": "00:25:18", "end": "00:25:22", "text": "relationship to global liquidity, right?"}, {"start": "00:25:20", "end": "00:25:24", "text": "Like the US government's national debt"}, {"start": "00:25:22", "end": "00:25:27", "text": "continues to skyrocket."}, {"start": "00:25:24", "end": "00:25:30", "text": "Bitcoin is going to recover. On top of"}, {"start": "00:25:27", "end": "00:25:32", "text": "that, in a world of abundance, scarcity"}, {"start": "00:25:30", "end": "00:25:35", "text": "becomes very valuable. And so, what is"}, {"start": "00:25:32", "end": "00:25:37", "text": "more scarce than Bitcoin? Not a lot. And"}, {"start": "00:25:35", "end": "00:25:38", "text": "especially when you have Morgan Stanley,"}, {"start": "00:25:37", "end": "00:25:40", "text": "Black Rockck, Fidelity, all these guys"}, {"start": "00:25:38", "end": "00:25:42", "text": "coming in with the ETFs, you have"}, {"start": "00:25:40", "end": "00:25:44", "text": "Michael Sailor and Strategy buying up as"}, {"start": "00:25:42", "end": "00:25:46", "text": "much Bitcoin as they possibly can. Like,"}, {"start": "00:25:44", "end": "00:25:47", "text": "Bitcoin is going to do very well over"}, {"start": "00:25:46", "end": "00:25:50", "text": "the next decade. I think a lot of people"}, {"start": "00:25:47", "end": "00:25:51", "text": "have been convinced otherwise. Um, and"}, {"start": "00:25:50", "end": "00:25:53", "text": "in a weird way, those who stay focused"}, {"start": "00:25:51", "end": "00:25:55", "text": "and and understand the power of Bitcoin,"}, {"start": "00:25:53", "end": "00:25:56", "text": "the value of Bitcoin, I think, will be"}, {"start": "00:25:55", "end": "00:25:58", "text": "rewarded over a long period of time."}, {"start": "00:25:56", "end": "00:26:00", "text": ">> Morgan Stanley, good point. They just"}, {"start": "00:25:58", "end": "00:26:02", "text": "launched their ETF, most successful"}, {"start": "00:26:00", "end": "00:26:03", "text": "launch for them ever in the ETF space."}, {"start": "00:26:02", "end": "00:26:05", "text": "Um, how do you think about a lot of"}, {"start": "00:26:03", "end": "00:26:06", "text": "these players? Are they just they're"}, {"start": "00:26:05", "end": "00:26:07", "text": "looking to make transaction fees,"}, {"start": "00:26:06", "end": "00:26:09", "text": "looking to make, you know, custody fees,"}, {"start": "00:26:07", "end": "00:26:10", "text": "etc. Or is there something else that"}, {"start": "00:26:09", "end": "00:26:11", "text": "they uh that they're thinking about like"}, {"start": "00:26:10", "end": "00:26:13", "text": "more long-term?"}, {"start": "00:26:11", "end": "00:26:15", "text": ">> There's a war going on on Wall Street"}, {"start": "00:26:13", "end": "00:26:17", "text": "and they all competing over who can get"}, {"start": "00:26:15", "end": "00:26:20", "text": "more assets into their ETF and I love"}, {"start": "00:26:17", "end": "00:26:22", "text": "it. This is why America is great, right?"}, {"start": "00:26:20", "end": "00:26:24", "text": "Is if you look at um what has happened"}, {"start": "00:26:22", "end": "00:26:27", "text": "is Black Rockck came out, they broke the"}, {"start": "00:26:24", "end": "00:26:28", "text": "seal, they had a banger of a fund,"}, {"start": "00:26:27", "end": "00:26:30", "text": "right? I mean, they most successful"}, {"start": "00:26:28", "end": "00:26:33", "text": "product launch in the history of Wall"}, {"start": "00:26:30", "end": "00:26:35", "text": "Street. Kudos to Robbie, Larry Frink,"}, {"start": "00:26:33", "end": "00:26:36", "text": "all those guys over at BlackRock, right?"}, {"start": "00:26:35", "end": "00:26:39", "text": "They don't get nearly enough credit for"}, {"start": "00:26:36", "end": "00:26:40", "text": "what they did. Fidelity right there"}, {"start": "00:26:39", "end": "00:26:42", "text": "alongside them. Then you get the"}, {"start": "00:26:40", "end": "00:26:45", "text": "Bitweises, you get the Van X, you get"}, {"start": "00:26:42", "end": "00:26:47", "text": "the 21 shares, the Arc Invest, right? We"}, {"start": "00:26:45", "end": "00:26:50", "text": "just rattle off fund after fund after"}, {"start": "00:26:47", "end": "00:26:53", "text": "fund after fund. Okay, Morgan Stanley"}, {"start": "00:26:50", "end": "00:26:54", "text": "wasn't playing. Now, I got a story for"}, {"start": "00:26:53", "end": "00:26:58", "text": "you. I went and saw Morgan Stanley, I"}, {"start": "00:26:54", "end": "00:26:59", "text": "think in 2018. Me and Mark Yusco went in"}, {"start": "00:26:58", "end": "00:27:01", "text": "and said, \"Hey, we got this fund, this"}, {"start": "00:26:59", "end": "00:27:02", "text": "venture capital fund, this Bitcoin"}, {"start": "00:27:01", "end": "00:27:04", "text": "thing. Would you guys consider putting"}, {"start": "00:27:02", "end": "00:27:07", "text": "this on your platform?\" And I'll never"}, {"start": "00:27:04", "end": "00:27:09", "text": "forget two older people in the room, two"}, {"start": "00:27:07", "end": "00:27:10", "text": "younger people in the room. The two"}, {"start": "00:27:09", "end": "00:27:12", "text": "older people in the room, they might"}, {"start": "00:27:10", "end": "00:27:15", "text": "might as well been snoozing. They like,"}, {"start": "00:27:12", "end": "00:27:19", "text": "\"You guys are idiots, right?\" One of the"}, {"start": "00:27:15", "end": "00:27:21", "text": "younger uh people was a guy and he was,"}, {"start": "00:27:19", "end": "00:27:23", "text": "\"Yo, this is this going to fly. This"}, {"start": "00:27:21", "end": "00:27:25", "text": "like he was like coail on the way out.\""}, {"start": "00:27:23", "end": "00:27:27", "text": "He's like, \"Hey, let go get your email."}, {"start": "00:27:25", "end": "00:27:29", "text": "You know, let's talk, right? Think I'm"}, {"start": "00:27:27", "end": "00:27:30", "text": "buying, right? You know, like I'm into"}, {"start": "00:27:29", "end": "00:27:32", "text": "Bitcoin.\""}, {"start": "00:27:30", "end": "00:27:33", "text": ">> And then uh there was a woman um who was"}, {"start": "00:27:32", "end": "00:27:35", "text": "probably like mid to late 20s if I"}, {"start": "00:27:33", "end": "00:27:37", "text": "remember correctly. And um she was kind"}, {"start": "00:27:35", "end": "00:27:38", "text": "of agnostic. She was like, \"Well, I"}, {"start": "00:27:37", "end": "00:27:40", "text": "don't think that the old guys are right"}, {"start": "00:27:38", "end": "00:27:41", "text": "and I think this guy's a little too"}, {"start": "00:27:40", "end": "00:27:43", "text": "enthusiastic.\" So like she was kind of"}, {"start": "00:27:41", "end": "00:27:46", "text": "in the middle. And I think that that was"}, {"start": "00:27:43", "end": "00:27:47", "text": "pretty eye opening because that was"}, {"start": "00:27:46", "end": "00:27:49", "text": "probably where most people were, right?"}, {"start": "00:27:47", "end": "00:27:51", "text": "Was like there was this stratification"}, {"start": "00:27:49", "end": "00:27:53", "text": "of some people were really excited, a"}, {"start": "00:27:51", "end": "00:27:54", "text": "lot of people were not. and uh they were"}, {"start": "00:27:53", "end": "00:27:55", "text": "not interested in putting the fund on"}, {"start": "00:27:54", "end": "00:27:57", "text": "their platform, but they said, you know,"}, {"start": "00:27:55", "end": "00:27:59", "text": "we'll keep following along, whatever."}, {"start": "00:27:57", "end": "00:28:01", "text": "Now they're offering funds,"}, {"start": "00:27:59", "end": "00:28:03", "text": ">> but look, it took eight years, right?"}, {"start": "00:28:01", "end": "00:28:04", "text": "Amy, who's the head of digital assets at"}, {"start": "00:28:03", "end": "00:28:06", "text": "Morgan Stanley, went on Bloomberg, she"}, {"start": "00:28:04", "end": "00:28:08", "text": "said it's the best launch they've ever"}, {"start": "00:28:06", "end": "00:28:09", "text": "had at Morgan Stanley. You telling me"}, {"start": "00:28:08", "end": "00:28:11", "text": "that every bank on Wall Street, every"}, {"start": "00:28:09", "end": "00:28:12", "text": "asset manager on Wall Street is not"}, {"start": "00:28:11", "end": "00:28:14", "text": "paying attention? Black Rockck now just"}, {"start": "00:28:12", "end": "00:28:16", "text": "announced they're going to do an income"}, {"start": "00:28:14", "end": "00:28:18", "text": "Bitcoin fund, you you telling me they"}, {"start": "00:28:16", "end": "00:28:19", "text": "ain't going to go deeper, they're not"}, {"start": "00:28:18", "end": "00:28:21", "text": "going to try to get more assets, it's"}, {"start": "00:28:19", "end": "00:28:22", "text": "game on. And so Wall Street's here. Wall"}, {"start": "00:28:21", "end": "00:28:24", "text": "Street's going to keep feeding the"}, {"start": "00:28:22", "end": "00:28:25", "text": "ducks. They're going to keep coming out"}, {"start": "00:28:24", "end": "00:28:27", "text": "with products as long as people keep"}, {"start": "00:28:25", "end": "00:28:28", "text": "investing in them. And I think it's only"}, {"start": "00:28:27", "end": "00:28:29", "text": "going to get bigger from here. And"}, {"start": "00:28:28", "end": "00:28:30", "text": "that's going to be a persistent bid for"}, {"start": "00:28:29", "end": "00:28:32", "text": "Bitcoin over time."}, {"start": "00:28:30", "end": "00:28:33", "text": ">> Awesome. All right. Thank you."}, {"start": "00:28:32", "end": "00:28:34", "text": ">> All right, guys. Thank you so much. Go"}, {"start": "00:28:33", "end": "00:28:37", "text": "check out procapinsights.com. and we'll"}, {"start": "00:28:34", "end": "00:28:37", "text": "see you guys next time."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I just think Bitcoin right now, you have"}, {"start": "00:00:02", "end": "00:00:05", "text": "to watch it. And if we start to trade"}, {"start": "00:00:04", "end": "00:00:08", "text": "higher, and I'll give everyone a level."}, {"start": "00:00:05", "end": "00:00:11", "text": "If we trade above 76,000, and at the"}, {"start": "00:00:08", "end": "00:00:13", "text": "same time, we see Ethereum above 2400, I"}, {"start": "00:00:11", "end": "00:00:16", "text": "believe that is the beginning of a move"}, {"start": "00:00:13", "end": "00:00:17", "text": "that will be sustainable this year"}, {"start": "00:00:16", "end": "00:00:18", "text": "because I don't think we're going to"}, {"start": "00:00:17", "end": "00:00:20", "text": "have a recession. I think inflation is"}, {"start": "00:00:18", "end": "00:00:21", "text": "going to stay elevated, and I think"}, {"start": "00:00:20", "end": "00:00:23", "text": "people are going to need to find"}, {"start": "00:00:21", "end": "00:00:24", "text": "something that is making money in a"}, {"start": "00:00:23", "end": "00:00:26", "text": "world where the S&P is not moving"}, {"start": "00:00:24", "end": "00:00:27", "text": "anywhere. What's going on, guys? In"}, {"start": "00:00:26", "end": "00:00:29", "text": "today's conversation with Jordi Visser,"}, {"start": "00:00:27", "end": "00:00:31", "text": "we go over all of the latest inflation"}, {"start": "00:00:29", "end": "00:00:33", "text": "data, what's going on with scarcity"}, {"start": "00:00:31", "end": "00:00:34", "text": "trade, abundance trade, how he's"}, {"start": "00:00:33", "end": "00:00:36", "text": "thinking about the difference between"}, {"start": "00:00:34", "end": "00:00:38", "text": "software stocks and AI stocks, how he's"}, {"start": "00:00:36", "end": "00:00:39", "text": "seeing Bitcoin and why it's starting to"}, {"start": "00:00:38", "end": "00:00:41", "text": "perform pretty well. And he's going to"}, {"start": "00:00:39", "end": "00:00:43", "text": "drop some alpha, some data that he went"}, {"start": "00:00:41", "end": "00:00:46", "text": "and he pulled as to when Bitcoin does"}, {"start": "00:00:43", "end": "00:00:47", "text": "best and why right now may be a time to"}, {"start": "00:00:46", "end": "00:00:49", "text": "start paying attention. All that and"}, {"start": "00:00:47", "end": "00:00:52", "text": "much more in my conversation with Jordy"}, {"start": "00:00:49", "end": "00:00:54", "text": "Visser. Jordy, the Iran war seems to"}, {"start": "00:00:52", "end": "00:00:55", "text": "have this ceasefire and markets are"}, {"start": "00:00:54", "end": "00:00:57", "text": "rallying. Everyone seems to be very"}, {"start": "00:00:55", "end": "00:00:58", "text": "excited that this thing is going to be"}, {"start": "00:00:57", "end": "00:01:00", "text": "over. I think maybe you have a little"}, {"start": "00:00:58", "end": "00:01:02", "text": "bit more tempered expectation. What's"}, {"start": "00:01:00", "end": "00:01:04", "text": "going on right now?"}, {"start": "00:01:02", "end": "00:01:06", "text": ">> Uh well, I think rather than get into"}, {"start": "00:01:04", "end": "00:01:08", "text": "the focus of the direction, I think"}, {"start": "00:01:06", "end": "00:01:11", "text": "every week I say to people this is going"}, {"start": "00:01:08", "end": "00:01:13", "text": "to be uh a continuous year of rotation"}, {"start": "00:01:11", "end": "00:01:15", "text": "uh just because of how mispositioned"}, {"start": "00:01:13", "end": "00:01:18", "text": "people are for artificial intelligence."}, {"start": "00:01:15", "end": "00:01:20", "text": "So if you go back to the end of February"}, {"start": "00:01:18", "end": "00:01:22", "text": "just before the war started you know"}, {"start": "00:01:20", "end": "00:01:24", "text": "everything that we talked about was"}, {"start": "00:01:22", "end": "00:01:28", "text": "hardware semiconductors and commodities"}, {"start": "00:01:24", "end": "00:01:31", "text": "on the long side shortages scarcity"}, {"start": "00:01:28", "end": "00:01:34", "text": "and then on the short side were the"}, {"start": "00:01:31", "end": "00:01:38", "text": "negative news which is really about"}, {"start": "00:01:34", "end": "00:01:39", "text": "software private credit and that whole"}, {"start": "00:01:38", "end": "00:01:42", "text": "those things haven't bounced at all. In"}, {"start": "00:01:39", "end": "00:01:45", "text": "fact, software has made new lows and has"}, {"start": "00:01:42", "end": "00:01:48", "text": "been destroyed the last three days. And"}, {"start": "00:01:45", "end": "00:01:50", "text": "it's because again of AI progress. So,"}, {"start": "00:01:48", "end": "00:01:52", "text": "you know, I I think because of the"}, {"start": "00:01:50", "end": "00:01:53", "text": "headlines, people get caught in this"}, {"start": "00:01:52", "end": "00:01:55", "text": "thing. Believe it or not, we finished"}, {"start": "00:01:53", "end": "00:01:58", "text": "yesterday with the S&P unchanged for the"}, {"start": "00:01:55", "end": "00:02:00", "text": "year. And as I've said um repeatedly and"}, {"start": "00:01:58", "end": "00:02:02", "text": "will continue to say, there is no"}, {"start": "00:02:00", "end": "00:02:06", "text": "recession coming. And that's because the"}, {"start": "00:02:02", "end": "00:02:07", "text": "AI demand is massive. At the same time,"}, {"start": "00:02:06", "end": "00:02:09", "text": "we're the new news that has happened"}, {"start": "00:02:07", "end": "00:02:11", "text": "since before the war that has not"}, {"start": "00:02:09", "end": "00:02:14", "text": "changed. There are no more rate cuts"}, {"start": "00:02:11", "end": "00:02:17", "text": "built in. Uh we have zero rate cuts by"}, {"start": "00:02:14", "end": "00:02:20", "text": "the end of the year. At the same time,"}, {"start": "00:02:17", "end": "00:02:22", "text": "we have gas at the pump and diesel up"}, {"start": "00:02:20", "end": "00:02:24", "text": "significantly. And even though people"}, {"start": "00:02:22", "end": "00:02:28", "text": "are hopeful that these prices will come"}, {"start": "00:02:24", "end": "00:02:29", "text": "down because of the ceasefire, I I don't"}, {"start": "00:02:28", "end": "00:02:31", "text": "believe they're going to come down and"}, {"start": "00:02:29", "end": "00:02:33", "text": "definitely not all the way down. We"}, {"start": "00:02:31", "end": "00:02:36", "text": "haven't got into the food side. We've"}, {"start": "00:02:33", "end": "00:02:38", "text": "moved uh we've moved to a place where"}, {"start": "00:02:36", "end": "00:02:41", "text": "inflation is going to be significantly"}, {"start": "00:02:38", "end": "00:02:44", "text": "higher and it could be higher than any"}, {"start": "00:02:41", "end": "00:02:47", "text": "time outside believe it or not outside"}, {"start": "00:02:44", "end": "00:02:49", "text": "of 2022. We could have headline"}, {"start": "00:02:47", "end": "00:02:51", "text": "inflation up at 6% which would be the"}, {"start": "00:02:49", "end": "00:02:56", "text": "highest level since I think the early"}, {"start": "00:02:51", "end": "00:02:58", "text": "'9s. So people are not in my opinion um"}, {"start": "00:02:56", "end": "00:03:01", "text": "focused on the important thing which is"}, {"start": "00:02:58", "end": "00:03:04", "text": "that AI progress is accelerating even"}, {"start": "00:03:01", "end": "00:03:06", "text": "faster. That disruption that whole"}, {"start": "00:03:04", "end": "00:03:09", "text": "supersonic tsunami that both you and I"}, {"start": "00:03:06", "end": "00:03:12", "text": "have you know stolen from uh from Elon"}, {"start": "00:03:09", "end": "00:03:13", "text": "Musk and from the moonshots crew. I"}, {"start": "00:03:12", "end": "00:03:15", "text": "think that's where people should be"}, {"start": "00:03:13", "end": "00:03:17", "text": "focused. So it's all about hardware"}, {"start": "00:03:15", "end": "00:03:18", "text": "semis and commodities on the long side"}, {"start": "00:03:17", "end": "00:03:20", "text": "and it's about software and private"}, {"start": "00:03:18", "end": "00:03:21", "text": "credit on the short side. But I don't"}, {"start": "00:03:20", "end": "00:03:22", "text": "think that's going to change for the"}, {"start": "00:03:21", "end": "00:03:23", "text": "entire year."}, {"start": "00:03:22", "end": "00:03:25", "text": ">> There are people who are watching this"}, {"start": "00:03:23", "end": "00:03:27", "text": "who are going to hear you say two things"}, {"start": "00:03:25", "end": "00:03:29", "text": "and they think that they're incompatible"}, {"start": "00:03:27", "end": "00:03:33", "text": "with each other. Software is on the"}, {"start": "00:03:29", "end": "00:03:35", "text": "short side. AI is on the long side. They"}, {"start": "00:03:33", "end": "00:03:37", "text": "think of software and AI as the same"}, {"start": "00:03:35", "end": "00:03:39", "text": "thing. Explain the difference."}, {"start": "00:03:37", "end": "00:03:41", "text": ">> Yeah. And that's an important point"}, {"start": "00:03:39", "end": "00:03:43", "text": "because that's why"}, {"start": "00:03:41", "end": "00:03:46", "text": "that's why a lot of ETFs and a lot of"}, {"start": "00:03:43", "end": "00:03:48", "text": "things on the long side for AI uh most"}, {"start": "00:03:46", "end": "00:03:52", "text": "of the baskets are software. um they"}, {"start": "00:03:48", "end": "00:03:53", "text": "just are uh every single software name"}, {"start": "00:03:52", "end": "00:03:55", "text": "is getting hit. Even this week,"}, {"start": "00:03:53", "end": "00:03:56", "text": "Palanteer, which is a name that I've"}, {"start": "00:03:55", "end": "00:03:59", "text": "been, you know, talking about, I had to"}, {"start": "00:03:56", "end": "00:04:01", "text": "post in X yesterday that even it"}, {"start": "00:03:59", "end": "00:04:04", "text": "relative to Microsoft gave up the entire"}, {"start": "00:04:01", "end": "00:04:07", "text": "25% gain that occurred since, you know,"}, {"start": "00:04:04", "end": "00:04:08", "text": "midFebruary after the selloff. Every"}, {"start": "00:04:07", "end": "00:04:10", "text": "software name's getting hit. So, let's"}, {"start": "00:04:08", "end": "00:04:12", "text": "go through what AI is, cuz this gets"}, {"start": "00:04:10", "end": "00:04:16", "text": "into the abundance side. Artificial"}, {"start": "00:04:12", "end": "00:04:18", "text": "intelligence has made coding free. It"}, {"start": "00:04:16", "end": "00:04:21", "text": "has made it ubiquitous. And now you have"}, {"start": "00:04:18", "end": "00:04:25", "text": "AI agents doing the coding which means"}, {"start": "00:04:21", "end": "00:04:27", "text": "you can go from idea to application or"}, {"start": "00:04:25", "end": "00:04:30", "text": "software competitor within a matter of"}, {"start": "00:04:27", "end": "00:04:32", "text": "minutes. And I think people have faded"}, {"start": "00:04:30", "end": "00:04:34", "text": "the whole software situation. I think a"}, {"start": "00:04:32", "end": "00:04:36", "text": "lot of people tried to pick the bottom"}, {"start": "00:04:34", "end": "00:04:38", "text": "of it. They haven't uh embraced the"}, {"start": "00:04:36", "end": "00:04:41", "text": "viewpoint that I'll continue to say over"}, {"start": "00:04:38", "end": "00:04:44", "text": "and over again, which is artificial"}, {"start": "00:04:41", "end": "00:04:48", "text": "intelligence is disrupting every single"}, {"start": "00:04:44", "end": "00:04:49", "text": "part of any business that comes"}, {"start": "00:04:48", "end": "00:04:51", "text": "that's built on code. There's just no"}, {"start": "00:04:49", "end": "00:04:53", "text": "way around it. You're just making it"}, {"start": "00:04:51", "end": "00:04:56", "text": "cheaper to do. Um all companies that are"}, {"start": "00:04:53", "end": "00:04:57", "text": "built on code have human beings and"}, {"start": "00:04:56", "end": "00:04:59", "text": "startup businesses can create"}, {"start": "00:04:57", "end": "00:05:02", "text": "competitive businesses. And are they as"}, {"start": "00:04:59", "end": "00:05:04", "text": "good as Salesforce? No. But that's"}, {"start": "00:05:02", "end": "00:05:05", "text": "acting like Salesforce.com."}, {"start": "00:05:04", "end": "00:05:08", "text": "the products they make are perfect."}, {"start": "00:05:05", "end": "00:05:10", "text": "They're not. Um I think what Anthropic"}, {"start": "00:05:08", "end": "00:05:11", "text": "has done with the AI agents is make it"}, {"start": "00:05:10", "end": "00:05:13", "text": "more challenging when you get to"}, {"start": "00:05:11", "end": "00:05:15", "text": "Palunteer,"}, {"start": "00:05:13", "end": "00:05:17", "text": "which is not a SAS company, but is"}, {"start": "00:05:15", "end": "00:05:20", "text": "something that absolutely I do not"}, {"start": "00:05:17", "end": "00:05:22", "text": "believe will be disrupted by AI in the"}, {"start": "00:05:20", "end": "00:05:25", "text": "way that the market is judging, but I"}, {"start": "00:05:22", "end": "00:05:27", "text": "admit I'm not going to try to sit here"}, {"start": "00:05:25", "end": "00:05:29", "text": "and say that it's not valid for it to"}, {"start": "00:05:27", "end": "00:05:30", "text": "move the multiple down because maybe 5"}, {"start": "00:05:29", "end": "00:05:32", "text": "years from now there isn't a valid"}, {"start": "00:05:30", "end": "00:05:34", "text": "business for Palunteer. And what's"}, {"start": "00:05:32", "end": "00:05:35", "text": "happening is it's looking forward and"}, {"start": "00:05:34", "end": "00:05:38", "text": "it's saying your multiples are not"}, {"start": "00:05:35", "end": "00:05:39", "text": "there. You are up for disruption and so"}, {"start": "00:05:38", "end": "00:05:41", "text": "everything built on software is getting"}, {"start": "00:05:39", "end": "00:05:42", "text": "repriced. That has implications for the"}, {"start": "00:05:41", "end": "00:05:45", "text": "way people are positioned across the"}, {"start": "00:05:42", "end": "00:05:47", "text": "globe. Now one of the things that people"}, {"start": "00:05:45", "end": "00:05:50", "text": "have been very excited about is the"}, {"start": "00:05:47", "end": "00:05:53", "text": "democratization and access to superhuman"}, {"start": "00:05:50", "end": "00:05:54", "text": "intelligence. So when chat GPT comes out"}, {"start": "00:05:53", "end": "00:05:57", "text": "etc. And most of those people go and"}, {"start": "00:05:54", "end": "00:06:00", "text": "they use it in a very kind of um you"}, {"start": "00:05:57", "end": "00:06:03", "text": "know Google replacement type manner. uh"}, {"start": "00:06:00", "end": "00:06:04", "text": "Andre Carpathy uh recently came out with"}, {"start": "00:06:03", "end": "00:06:05", "text": "this tweet and he basically said there's"}, {"start": "00:06:04", "end": "00:06:07", "text": "like two different groups of people"}, {"start": "00:06:05", "end": "00:06:09", "text": "using AI right now. There are the people"}, {"start": "00:06:07", "end": "00:06:12", "text": "who tried it you know a year or two ago"}, {"start": "00:06:09", "end": "00:06:14", "text": "as that Google replacement they saw"}, {"start": "00:06:12", "end": "00:06:16", "text": "hallucinations they saw some uh you know"}, {"start": "00:06:14", "end": "00:06:17", "text": "some value but they said okay this is"}, {"start": "00:06:16", "end": "00:06:19", "text": "just kind of like a better version but I"}, {"start": "00:06:17", "end": "00:06:21", "text": "still don't know if I trust it. Then"}, {"start": "00:06:19", "end": "00:06:25", "text": "there is on the other extreme people who"}, {"start": "00:06:21", "end": "00:06:26", "text": "are uh basically AI uh hypnosis right I"}, {"start": "00:06:25", "end": "00:06:28", "text": "think is what he called and these people"}, {"start": "00:06:26", "end": "00:06:31", "text": "are using it every day they're using"}, {"start": "00:06:28", "end": "00:06:32", "text": "agentic uh technology they're deep into"}, {"start": "00:06:31", "end": "00:06:35", "text": "uh the command line interfaces and"}, {"start": "00:06:32", "end": "00:06:36", "text": "they're just like all in his point I"}, {"start": "00:06:35", "end": "00:06:39", "text": "think was like the truth is somewhere in"}, {"start": "00:06:36", "end": "00:06:41", "text": "between on these two how do you compare"}, {"start": "00:06:39", "end": "00:06:43", "text": "a group that is saying hey look I use"}, {"start": "00:06:41", "end": "00:06:45", "text": "chat GBT every once in a while to get"}, {"start": "00:06:43", "end": "00:06:46", "text": "answers but I don't understand why this"}, {"start": "00:06:45", "end": "00:06:48", "text": "is such a big deal and then the group of"}, {"start": "00:06:46", "end": "00:06:49", "text": "people who thinks that like AI is going"}, {"start": "00:06:48", "end": "00:06:51", "text": "to replace every human and people are"}, {"start": "00:06:49", "end": "00:06:54", "text": "just going to live in some, you know,"}, {"start": "00:06:51", "end": "00:06:56", "text": "utopian world where nobody has to work."}, {"start": "00:06:54", "end": "00:06:58", "text": ">> Yeah. I don't I don't see it as black"}, {"start": "00:06:56", "end": "00:06:59", "text": "and white, but let's let's take what he"}, {"start": "00:06:58", "end": "00:07:02", "text": "said because I do agree that the"}, {"start": "00:06:59", "end": "00:07:04", "text": "majority of people that I meet are in"}, {"start": "00:07:02", "end": "00:07:07", "text": "the first camp. I I think they still use"}, {"start": "00:07:04", "end": "00:07:09", "text": "it as a chatbot or a search engine and"}, {"start": "00:07:07", "end": "00:07:11", "text": "that's it. Um,"}, {"start": "00:07:09", "end": "00:07:13", "text": "I've traveled, you know, a decent amount"}, {"start": "00:07:11", "end": "00:07:15", "text": "to or at least done a a lot of"}, {"start": "00:07:13", "end": "00:07:17", "text": "institutional"}, {"start": "00:07:15", "end": "00:07:20", "text": "Zooms and and I'll just tell you the"}, {"start": "00:07:17", "end": "00:07:23", "text": "biggest surprise for me and it shouldn't"}, {"start": "00:07:20", "end": "00:07:26", "text": "be, but we're so far further ahead in"}, {"start": "00:07:23", "end": "00:07:28", "text": "progress from where we were in October."}, {"start": "00:07:26", "end": "00:07:30", "text": "People haven't done anything with agents"}, {"start": "00:07:28", "end": "00:07:32", "text": "yet. It's actually kind of scary to me"}, {"start": "00:07:30", "end": "00:07:34", "text": "since it's so easy to use. I know you"}, {"start": "00:07:32", "end": "00:07:36", "text": "and I talk about it and we're amazed at"}, {"start": "00:07:34", "end": "00:07:39", "text": "what we're able to do, but it's just"}, {"start": "00:07:36", "end": "00:07:41", "text": "gotten too easy to use. Um, whenever I"}, {"start": "00:07:39", "end": "00:07:43", "text": "hear anyone try to defend Microsoft and"}, {"start": "00:07:41", "end": "00:07:46", "text": "I just show them something that I've I"}, {"start": "00:07:43", "end": "00:07:48", "text": "I've done in that day, every single day"}, {"start": "00:07:46", "end": "00:07:51", "text": "I build something. Uh, I sent you"}, {"start": "00:07:48", "end": "00:07:54", "text": "something this morning on Bitcoin. I"}, {"start": "00:07:51", "end": "00:07:57", "text": "used all five LLMs, the first one to do"}, {"start": "00:07:54", "end": "00:07:59", "text": "the the information and then the other"}, {"start": "00:07:57", "end": "00:08:01", "text": "four to check the information and make"}, {"start": "00:07:59", "end": "00:08:04", "text": "sure it's fine. But they're all using AI"}, {"start": "00:08:01", "end": "00:08:07", "text": "agents to go through this stuff. So I"}, {"start": "00:08:04", "end": "00:08:10", "text": "think where um Andre Carpathy maybe is"}, {"start": "00:08:07", "end": "00:08:13", "text": "uh a little bit useless for this"}, {"start": "00:08:10", "end": "00:08:15", "text": "conversation is he's so far to the"}, {"start": "00:08:13", "end": "00:08:17", "text": "extreme right in terms of of of an"}, {"start": "00:08:15", "end": "00:08:19", "text": "engineer and understanding this stuff"}, {"start": "00:08:17", "end": "00:08:21", "text": "that the middle ground is really any"}, {"start": "00:08:19", "end": "00:08:23", "text": "single person can be using it to create"}, {"start": "00:08:21", "end": "00:08:26", "text": "things. The question is do you have the"}, {"start": "00:08:23", "end": "00:08:29", "text": "curiosity of hey I don't want to waste"}, {"start": "00:08:26", "end": "00:08:32", "text": "my time with this mindless crap. I have"}, {"start": "00:08:29", "end": "00:08:33", "text": "really interesting things to do. And I"}, {"start": "00:08:32", "end": "00:08:35", "text": "don't think the majority of people think"}, {"start": "00:08:33", "end": "00:08:36", "text": "that way. I think they've been trained"}, {"start": "00:08:35", "end": "00:08:38", "text": "in the software and search world to have"}, {"start": "00:08:36", "end": "00:08:40", "text": "it at your fingertips. It's kind of a"}, {"start": "00:08:38", "end": "00:08:42", "text": "mindless journey to just put something"}, {"start": "00:08:40", "end": "00:08:45", "text": "into a chatbot and ask for an answer. It"}, {"start": "00:08:42", "end": "00:08:47", "text": "actually takes curiosity. It takes a"}, {"start": "00:08:45", "end": "00:08:49", "text": "little bit of entrepreneurship to"}, {"start": "00:08:47", "end": "00:08:51", "text": "actually use the agentic side. So I"}, {"start": "00:08:49", "end": "00:08:53", "text": "think it's more a reflection of um a"}, {"start": "00:08:51", "end": "00:08:55", "text": "bigger bigger problem inside the country"}, {"start": "00:08:53", "end": "00:08:57", "text": "which is will people ever use it in that"}, {"start": "00:08:55", "end": "00:08:59", "text": "manner based on the way the education"}, {"start": "00:08:57", "end": "00:09:01", "text": "system the way that Google search"}, {"start": "00:08:59", "end": "00:09:03", "text": "trained people and the way that um"}, {"start": "00:09:01", "end": "00:09:05", "text": "honestly software just got people to"}, {"start": "00:09:03", "end": "00:09:06", "text": "work to press a button and to think that"}, {"start": "00:09:05", "end": "00:09:08", "text": "they'd have to build something"}, {"start": "00:09:06", "end": "00:09:10", "text": "themselves is just not something they're"}, {"start": "00:09:08", "end": "00:09:11", "text": "interested in doing."}, {"start": "00:09:10", "end": "00:09:13", "text": ">> Now this whole idea of democratizing"}, {"start": "00:09:11", "end": "00:09:15", "text": "access I think people are like hey if I"}, {"start": "00:09:13", "end": "00:09:17", "text": "got 20 bucks a month I can go and I can"}, {"start": "00:09:15", "end": "00:09:19", "text": "use some of these tools. But now we're"}, {"start": "00:09:17", "end": "00:09:21", "text": "starting to see uh a great separation,"}, {"start": "00:09:19", "end": "00:09:24", "text": "right? And that separation is mythos uh"}, {"start": "00:09:21", "end": "00:09:26", "text": "from anthropic is not actually being"}, {"start": "00:09:24", "end": "00:09:28", "text": "given to the public. We're giving it to"}, {"start": "00:09:26", "end": "00:09:30", "text": "some cyber security experts. It sounds"}, {"start": "00:09:28", "end": "00:09:33", "text": "like maybe JP Morgan has access to it as"}, {"start": "00:09:30", "end": "00:09:34", "text": "well. I I read a report on and so it's"}, {"start": "00:09:33", "end": "00:09:37", "text": "they're picking and choosing who has"}, {"start": "00:09:34", "end": "00:09:40", "text": "access to this like synthetic superhuman"}, {"start": "00:09:37", "end": "00:09:41", "text": "intelligence. Does this just become a"}, {"start": "00:09:40", "end": "00:09:44", "text": "game of like whoever gets access they"}, {"start": "00:09:41", "end": "00:09:45", "text": "pull away from their competitors or are"}, {"start": "00:09:44", "end": "00:09:48", "text": "there concerns? How do you just read"}, {"start": "00:09:45", "end": "00:09:50", "text": "into we're now starting to pick and"}, {"start": "00:09:48", "end": "00:09:52", "text": "choose who has the technology versus"}, {"start": "00:09:50", "end": "00:09:54", "text": "just open it up to anyone who's got"}, {"start": "00:09:52", "end": "00:09:55", "text": "money?"}, {"start": "00:09:54", "end": "00:09:58", "text": ">> Well, you and I briefly talked about"}, {"start": "00:09:55", "end": "00:10:01", "text": "this last week. I wrote a paper about it"}, {"start": "00:09:58", "end": "00:10:03", "text": "last week. I I don't think people um I"}, {"start": "00:10:01", "end": "00:10:04", "text": "don't think the majority of people are"}, {"start": "00:10:03", "end": "00:10:07", "text": "up on the news and I don't think they"}, {"start": "00:10:04", "end": "00:10:09", "text": "fully grasp the importance of this"}, {"start": "00:10:07", "end": "00:10:12", "text": "particular model. And just so it's"}, {"start": "00:10:09", "end": "00:10:15", "text": "clear, um, OpenAI says they have a model"}, {"start": "00:10:12", "end": "00:10:17", "text": "coming out which is the same if not"}, {"start": "00:10:15", "end": "00:10:20", "text": "better. The main point is the models"}, {"start": "00:10:17", "end": "00:10:22", "text": "have reached a point that a bunch of"}, {"start": "00:10:20", "end": "00:10:24", "text": "things have entered"}, {"start": "00:10:22", "end": "00:10:25", "text": "I guess the world that people need to"}, {"start": "00:10:24", "end": "00:10:27", "text": "hear about and this is going to be a"}, {"start": "00:10:25", "end": "00:10:29", "text": "bigger story and this is really why the"}, {"start": "00:10:27", "end": "00:10:31", "text": "software names got hit so hard this"}, {"start": "00:10:29", "end": "00:10:33", "text": "week. So if people didn't know why"}, {"start": "00:10:31", "end": "00:10:34", "text": "Salesforce and Palanteer and Adobe and"}, {"start": "00:10:33", "end": "00:10:37", "text": "all these names add another leg lower"}, {"start": "00:10:34", "end": "00:10:40", "text": "along with the cyber names. The reason"}, {"start": "00:10:37", "end": "00:10:42", "text": "is because this model is so good that"}, {"start": "00:10:40", "end": "00:10:44", "text": "basically nothing can stop it from"}, {"start": "00:10:42", "end": "00:10:47", "text": "hacking. So the reason they brought it"}, {"start": "00:10:44", "end": "00:10:50", "text": "to cyber firms, they created a uh a"}, {"start": "00:10:47", "end": "00:10:52", "text": "group glass wing to basically give it to"}, {"start": "00:10:50", "end": "00:10:54", "text": "all of these groups to say hey let's"}, {"start": "00:10:52", "end": "00:10:56", "text": "look at it and figure out how we can"}, {"start": "00:10:54", "end": "00:10:59", "text": "stop this from being an issue. So, this"}, {"start": "00:10:56", "end": "00:11:01", "text": "is kind of the stage before the d really"}, {"start": "00:10:59", "end": "00:11:04", "text": "dangerous stage of true AGI and true"}, {"start": "00:11:01", "end": "00:11:07", "text": "ASI. Um, we're at that point where we've"}, {"start": "00:11:04", "end": "00:11:09", "text": "talked about when would we get there,"}, {"start": "00:11:07", "end": "00:11:12", "text": "we're there. Um, and it's a little"}, {"start": "00:11:09", "end": "00:11:13", "text": "dystopian to to to see what's going on."}, {"start": "00:11:12", "end": "00:11:15", "text": "And if you don't believe that the"}, {"start": "00:11:13", "end": "00:11:18", "text": "company really has done this, and this"}, {"start": "00:11:15", "end": "00:11:20", "text": "is kind of a marketing thing, uh, Scott"}, {"start": "00:11:18", "end": "00:11:22", "text": "Bessant uh had a meeting with the banks."}, {"start": "00:11:20", "end": "00:11:24", "text": "I mean he called an urgent meeting with"}, {"start": "00:11:22", "end": "00:11:26", "text": "the leaders of the banks because of the"}, {"start": "00:11:24", "end": "00:11:28", "text": "hacking risk associated with this. Now I"}, {"start": "00:11:26", "end": "00:11:31", "text": "talked about this over the course of the"}, {"start": "00:11:28", "end": "00:11:32", "text": "last month when the open claw situation"}, {"start": "00:11:31", "end": "00:11:33", "text": "had reached that we were going to have"}, {"start": "00:11:32", "end": "00:11:35", "text": "agent swarms and that hacking were going"}, {"start": "00:11:33", "end": "00:11:37", "text": "to be a major story and before the end"}, {"start": "00:11:35", "end": "00:11:39", "text": "of this year I still believe that we're"}, {"start": "00:11:37", "end": "00:11:41", "text": "going to have a situation where"}, {"start": "00:11:39", "end": "00:11:43", "text": "cryptography ironically enough is going"}, {"start": "00:11:41", "end": "00:11:45", "text": "to be the place that people have to go"}, {"start": "00:11:43", "end": "00:11:47", "text": "to to try and defend against this. The"}, {"start": "00:11:45", "end": "00:11:48", "text": "reason Palanteer was hit is because"}, {"start": "00:11:47", "end": "00:11:50", "text": "basically they're saying, well,"}, {"start": "00:11:48", "end": "00:11:51", "text": "Anthropic is the only one that can"}, {"start": "00:11:50", "end": "00:11:53", "text": "defend against Anthropic at this point"}, {"start": "00:11:51", "end": "00:11:55", "text": "and you need to use Anthropic for your"}, {"start": "00:11:53", "end": "00:11:57", "text": "cyber side to go through it. So, you've"}, {"start": "00:11:55", "end": "00:12:00", "text": "entered this very strange world, but"}, {"start": "00:11:57", "end": "00:12:01", "text": "there's another angle to it which you"}, {"start": "00:12:00", "end": "00:12:04", "text": "you kind of brought up, but I just want"}, {"start": "00:12:01", "end": "00:12:07", "text": "to make sure people realize the pricing"}, {"start": "00:12:04", "end": "00:12:11", "text": "of this will be enormous. Um, people"}, {"start": "00:12:07", "end": "00:12:13", "text": "have to realize that on the $20 um, you"}, {"start": "00:12:11", "end": "00:12:16", "text": "know, amount, they're not making any"}, {"start": "00:12:13", "end": "00:12:19", "text": "money. I mean, the competition for the"}, {"start": "00:12:16", "end": "00:12:21", "text": "LLMs is so extreme and the usage is high"}, {"start": "00:12:19", "end": "00:12:23", "text": "enough that they're not making any money"}, {"start": "00:12:21", "end": "00:12:25", "text": "on this. They have revenues coming in"}, {"start": "00:12:23", "end": "00:12:26", "text": "the door, but they're not making any"}, {"start": "00:12:25", "end": "00:12:29", "text": "money. So, whenever we see the revenue"}, {"start": "00:12:26", "end": "00:12:31", "text": "run rate, what is left out is the"}, {"start": "00:12:29", "end": "00:12:32", "text": "margins and the cost, which again, even"}, {"start": "00:12:31", "end": "00:12:34", "text": "though Anthropic is seeing their"}, {"start": "00:12:32", "end": "00:12:36", "text": "revenues go up, their costs have gone up"}, {"start": "00:12:34", "end": "00:12:37", "text": "as as well. And so, if they can't"}, {"start": "00:12:36", "end": "00:12:39", "text": "control their margins and they can't"}, {"start": "00:12:37", "end": "00:12:40", "text": "control their cost and it gets"}, {"start": "00:12:39", "end": "00:12:43", "text": "commoditized and the competition keeps"}, {"start": "00:12:40", "end": "00:12:45", "text": "coming, they have an issue. This model"}, {"start": "00:12:43", "end": "00:12:47", "text": "and agents in general are using so much"}, {"start": "00:12:45", "end": "00:12:49", "text": "compute that the reason the"}, {"start": "00:12:47", "end": "00:12:51", "text": "semiconductors are going parabolic, the"}, {"start": "00:12:49", "end": "00:12:54", "text": "reason that Jensen Yuang on Lex Friedman"}, {"start": "00:12:51", "end": "00:12:56", "text": "talked explicitly about how much compute"}, {"start": "00:12:54", "end": "00:12:58", "text": "is needed for this because of the"}, {"start": "00:12:56", "end": "00:13:00", "text": "inference explosion."}, {"start": "00:12:58", "end": "00:13:02", "text": "This is a very dangerous situation. I"}, {"start": "00:13:00", "end": "00:13:03", "text": "don't think we have enough compute. The"}, {"start": "00:13:02", "end": "00:13:06", "text": "only places that are going to have this"}, {"start": "00:13:03", "end": "00:13:07", "text": "model are the people are the enterprises"}, {"start": "00:13:06", "end": "00:13:09", "text": "that can pay for it. The real question"}, {"start": "00:13:07", "end": "00:13:11", "text": "to me is what's going to happen to"}, {"start": "00:13:09", "end": "00:13:14", "text": "people like you and I that are using the"}, {"start": "00:13:11", "end": "00:13:16", "text": "$200 variety. I've already seen limits"}, {"start": "00:13:14", "end": "00:13:19", "text": "hit. I've seen it happen on Perplexity"}, {"start": "00:13:16", "end": "00:13:22", "text": "and I've seen it happen on uh on"}, {"start": "00:13:19", "end": "00:13:24", "text": "Anthropic and Claude and Claude's gone"}, {"start": "00:13:22", "end": "00:13:26", "text": "down as well. So, I think we're running"}, {"start": "00:13:24", "end": "00:13:30", "text": "into a problem where the demand numbers"}, {"start": "00:13:26", "end": "00:13:33", "text": "because basically people are no longer"}, {"start": "00:13:30", "end": "00:13:35", "text": "using it, digital employees are using it"}, {"start": "00:13:33", "end": "00:13:37", "text": "and their needs are insatiable. And so"}, {"start": "00:13:35", "end": "00:13:39", "text": "this is a this has got major issues"}, {"start": "00:13:37", "end": "00:13:41", "text": "associated with it. And just so people"}, {"start": "00:13:39", "end": "00:13:43", "text": "realize these companies can't slow down"}, {"start": "00:13:41", "end": "00:13:45", "text": "on providing it because they're worried"}, {"start": "00:13:43", "end": "00:13:47", "text": "they'll be leapfrog. So Claude is trying"}, {"start": "00:13:45", "end": "00:13:48", "text": "to or Anthropic is trying to find a"}, {"start": "00:13:47", "end": "00:13:51", "text": "solution for this. So they had to make a"}, {"start": "00:13:48", "end": "00:13:54", "text": "deal with Google to get access to their"}, {"start": "00:13:51", "end": "00:13:57", "text": "TPUs because remember Dario Modi talked"}, {"start": "00:13:54", "end": "00:13:59", "text": "about not overinvesting in compute and"}, {"start": "00:13:57", "end": "00:14:01", "text": "with all the data center delays we don't"}, {"start": "00:13:59", "end": "00:14:04", "text": "have enough compute. So, we're at that"}, {"start": "00:14:01", "end": "00:14:06", "text": "stand that kind of point in time where"}, {"start": "00:14:04", "end": "00:14:08", "text": "people have to worry not about there"}, {"start": "00:14:06", "end": "00:14:10", "text": "being a bubble, but us not able to"}, {"start": "00:14:08", "end": "00:14:11", "text": "provide what we need to and prices going"}, {"start": "00:14:10", "end": "00:14:13", "text": "higher, which gets back to the"}, {"start": "00:14:11", "end": "00:14:14", "text": "inflationary component."}, {"start": "00:14:13", "end": "00:14:16", "text": ">> Today's episode is brought to you by"}, {"start": "00:14:14", "end": "00:14:18", "text": "Fountain Life."}, {"start": "00:14:16", "end": "00:14:20", "text": "Your body is incredibly good at hiding"}, {"start": "00:14:18", "end": "00:14:24", "text": "disease."}, {"start": "00:14:20", "end": "00:14:24", "text": "Unless you look"}, {"start": "00:14:32", "end": "00:14:35", "text": "true wealth isn't measured in"}, {"start": "00:14:34", "end": "00:14:38", "text": "possession."}, {"start": "00:14:35", "end": "00:14:41", "text": "It's measured in the time you gain,"}, {"start": "00:14:38", "end": "00:14:43", "text": "the energy you feel, and the life you"}, {"start": "00:14:41", "end": "00:14:44", "text": "create. It may be the smartest"}, {"start": "00:14:43", "end": "00:14:46", "text": "investment of your time you'll ever"}, {"start": "00:14:44", "end": "00:14:46", "text": "make."}, {"start": "00:14:51", "end": "00:14:58", "text": "Life is so very very precious and I want"}, {"start": "00:14:54", "end": "00:15:01", "text": "each of you to be truly awakened to your"}, {"start": "00:14:58", "end": "00:15:04", "text": "aliveness and live longer without"}, {"start": "00:15:01", "end": "00:15:04", "text": "limits."}, {"start": "00:15:07", "end": "00:15:11", "text": ">> Your number one job is to educate"}, {"start": "00:15:10", "end": "00:15:15", "text": "yourself and Fountain wants to help"}, {"start": "00:15:11", "end": "00:15:15", "text": "educate you."}, {"start": "00:15:17", "end": "00:15:21", "text": "This part I think is very important. So"}, {"start": "00:15:19", "end": "00:15:24", "text": "for people who are unaware, Anthropic"}, {"start": "00:15:21", "end": "00:15:27", "text": "added supposedly 11 billion in"}, {"start": "00:15:24", "end": "00:15:28", "text": "annualized revenue just in the month of"}, {"start": "00:15:27", "end": "00:15:30", "text": "March. So they went from 19 billion in"}, {"start": "00:15:28", "end": "00:15:33", "text": "annualized revenue to 30 which is almost"}, {"start": "00:15:30", "end": "00:15:36", "text": "an unfathomable number for such a young"}, {"start": "00:15:33", "end": "00:15:38", "text": "company in the private market etc. But"}, {"start": "00:15:36", "end": "00:15:40", "text": "maybe more interestingly is I think it"}, {"start": "00:15:38", "end": "00:15:43", "text": "is pretty well accepted in the market"}, {"start": "00:15:40", "end": "00:15:46", "text": "that Nvidia's GPU chips are superior to"}, {"start": "00:15:43", "end": "00:15:48", "text": "Google's TPU chips. But people are going"}, {"start": "00:15:46", "end": "00:15:49", "text": "now to Google and saying I'll strike a"}, {"start": "00:15:48", "end": "00:15:51", "text": "deal with you on the inferior"}, {"start": "00:15:49", "end": "00:15:53", "text": "technology. And again, they're still"}, {"start": "00:15:51", "end": "00:15:55", "text": "great, but they're inferior to Nvidia."}, {"start": "00:15:53", "end": "00:15:57", "text": "I'll strike a deal because I literally"}, {"start": "00:15:55", "end": "00:16:00", "text": "do not have another option. You are the"}, {"start": "00:15:57", "end": "00:16:02", "text": "best available. And so when you think"}, {"start": "00:16:00", "end": "00:16:04", "text": "about that, is that like a okay investor"}, {"start": "00:16:02", "end": "00:16:05", "text": "should go look at Google? Broadcom was"}, {"start": "00:16:04", "end": "00:16:07", "text": "involved in that deal. Hey, let's go"}, {"start": "00:16:05", "end": "00:16:10", "text": "look at Broadcom. Is that there's other"}, {"start": "00:16:07", "end": "00:16:12", "text": "ramifications? We've seen uh Roundill"}, {"start": "00:16:10", "end": "00:16:14", "text": "came out with a memory ETF that they're"}, {"start": "00:16:12", "end": "00:16:15", "text": "trying to play on the shortage of"}, {"start": "00:16:14", "end": "00:16:17", "text": "memory. Like just talk through maybe a"}, {"start": "00:16:15", "end": "00:16:18", "text": "little bit as to how you're thinking"}, {"start": "00:16:17", "end": "00:16:21", "text": "about in the market where opportunity"}, {"start": "00:16:18", "end": "00:16:25", "text": "could lie for investors."}, {"start": "00:16:21", "end": "00:16:28", "text": ">> So this gets back to the the point of um"}, {"start": "00:16:25", "end": "00:16:30", "text": "so I've done five thematic pieces since"}, {"start": "00:16:28", "end": "00:16:32", "text": "November all around inference."}, {"start": "00:16:30", "end": "00:16:34", "text": "uh they've ranged from advanced"}, {"start": "00:16:32", "end": "00:16:35", "text": "packaging and semiconductors which I"}, {"start": "00:16:34", "end": "00:16:39", "text": "wrote after Nvidia did the deal with"}, {"start": "00:16:35", "end": "00:16:40", "text": "Grock with the realization that GPUs"}, {"start": "00:16:39", "end": "00:16:42", "text": "were not going to be able to do"}, {"start": "00:16:40", "end": "00:16:44", "text": "everything. You've seen Intel go up"}, {"start": "00:16:42", "end": "00:16:46", "text": "dramatically. You've seen uh a variety"}, {"start": "00:16:44", "end": "00:16:48", "text": "of semiconductor. I mean there's so many"}, {"start": "00:16:46", "end": "00:16:51", "text": "I've mentioned on this podcast."}, {"start": "00:16:48", "end": "00:16:53", "text": "Pterodine uh has gone from about 110 to"}, {"start": "00:16:51", "end": "00:16:56", "text": "to 300 and change. I did one on optical"}, {"start": "00:16:53", "end": "00:16:58", "text": "fibers around Corning. Those names are"}, {"start": "00:16:56", "end": "00:17:02", "text": "up violently. You've seen deals with"}, {"start": "00:16:58", "end": "00:17:04", "text": "Coherent and Light uh from Nvidia."}, {"start": "00:17:02", "end": "00:17:07", "text": "Nvidia did a deal with Marll, which is a"}, {"start": "00:17:04", "end": "00:17:09", "text": "company that I've talked about in at 22V"}, {"start": "00:17:07", "end": "00:17:12", "text": "in terms of uh and it's recently gone up"}, {"start": "00:17:09", "end": "00:17:15", "text": "30% in less than 2 weeks. The compute"}, {"start": "00:17:12", "end": "00:17:18", "text": "side is right now where we are. We don't"}, {"start": "00:17:15", "end": "00:17:19", "text": "have enough compute. The optical fiber"}, {"start": "00:17:18", "end": "00:17:22", "text": "side, the reason we need that is because"}, {"start": "00:17:19", "end": "00:17:24", "text": "the amount of traffic necessary for this"}, {"start": "00:17:22", "end": "00:17:27", "text": "is coming from east to west. It's not"}, {"start": "00:17:24", "end": "00:17:31", "text": "about the training side. So we're at a"}, {"start": "00:17:27", "end": "00:17:33", "text": "very um unique position. Uh there was an"}, {"start": "00:17:31", "end": "00:17:36", "text": "overinvestment in memory only 3 years"}, {"start": "00:17:33", "end": "00:17:37", "text": "ago. So there's been an underinvestment"}, {"start": "00:17:36", "end": "00:17:40", "text": "and this is the thing people have to"}, {"start": "00:17:37", "end": "00:17:43", "text": "realize supply and demand. You"}, {"start": "00:17:40", "end": "00:17:45", "text": "highlighted the demand side the revenue"}, {"start": "00:17:43", "end": "00:17:48", "text": "numbers which are parabolic for"}, {"start": "00:17:45", "end": "00:17:50", "text": "anthropic are around AI demand token"}, {"start": "00:17:48", "end": "00:17:52", "text": "demand. For us to satisfy that if you"}, {"start": "00:17:50", "end": "00:17:55", "text": "think about it like food or anything"}, {"start": "00:17:52", "end": "00:17:57", "text": "else we don't have it. And so that is a"}, {"start": "00:17:55", "end": "00:17:59", "text": "sign that we're joining to take"}, {"start": "00:17:57", "end": "00:18:01", "text": "anything. Uh if you go through and I"}, {"start": "00:17:59", "end": "00:18:03", "text": "know you've had Warren Pis on I think"}, {"start": "00:18:01", "end": "00:18:06", "text": "you've had Warren Pis on before. Um okay"}, {"start": "00:18:03", "end": "00:18:08", "text": "so he um does a great job of showing the"}, {"start": "00:18:06", "end": "00:18:10", "text": "rental rates and everything happening"}, {"start": "00:18:08", "end": "00:18:13", "text": "with GPU. There's none available. Meta"}, {"start": "00:18:10", "end": "00:18:15", "text": "did a deal with Coree. Um all of this"}, {"start": "00:18:13", "end": "00:18:17", "text": "stuff is happening and I think people"}, {"start": "00:18:15", "end": "00:18:20", "text": "from an investor standpoint have made a"}, {"start": "00:18:17", "end": "00:18:21", "text": "mistake of trying to fade the"}, {"start": "00:18:20", "end": "00:18:23", "text": "semiconductor move because they've heard"}, {"start": "00:18:21", "end": "00:18:25", "text": "about this bubble talk. everything that"}, {"start": "00:18:23", "end": "00:18:28", "text": "was a bubble talk six months ago. We're"}, {"start": "00:18:25", "end": "00:18:31", "text": "talking about the opposite. Anthropic is"}, {"start": "00:18:28", "end": "00:18:33", "text": "getting their run rate going to where,"}, {"start": "00:18:31", "end": "00:18:35", "text": "like you said, it wasn't that long ago"}, {"start": "00:18:33", "end": "00:18:37", "text": "they were on a run rate of nine. Now"}, {"start": "00:18:35", "end": "00:18:38", "text": "they're on a run rate of 30. And this is"}, {"start": "00:18:37", "end": "00:18:41", "text": "all because of what we talked about."}, {"start": "00:18:38", "end": "00:18:43", "text": "Opus 4.5 came and all of a sudden the"}, {"start": "00:18:41", "end": "00:18:45", "text": "Agentic world opened up. We are in the"}, {"start": "00:18:43", "end": "00:18:47", "text": "very first inning. I don't even think"}, {"start": "00:18:45", "end": "00:18:49", "text": "there's one out yet in the Aentic world."}, {"start": "00:18:47", "end": "00:18:52", "text": "It just started. And so for people that"}, {"start": "00:18:49", "end": "00:18:54", "text": "are looking for investments, you can't"}, {"start": "00:18:52", "end": "00:18:57", "text": "be wrong in looking for this. I will say"}, {"start": "00:18:54", "end": "00:18:58", "text": "Nvidia itself is still an important"}, {"start": "00:18:57", "end": "00:19:02", "text": "player in this whole thing and their"}, {"start": "00:18:58", "end": "00:19:04", "text": "stock is way too cheap relative to the"}, {"start": "00:19:02", "end": "00:19:06", "text": "demand numbers that are happening. So"}, {"start": "00:19:04", "end": "00:19:09", "text": "it's very hard for the market as a whole"}, {"start": "00:19:06", "end": "00:19:11", "text": "to go down even with oil and a war going"}, {"start": "00:19:09", "end": "00:19:13", "text": "on because the earnings are growing so"}, {"start": "00:19:11", "end": "00:19:16", "text": "fast for all of these companies on the"}, {"start": "00:19:13", "end": "00:19:19", "text": "receiver end of the capex. So the capex"}, {"start": "00:19:16", "end": "00:19:21", "text": "numbers just keep going. the receivers"}, {"start": "00:19:19", "end": "00:19:23", "text": "continue to see their earnings go up and"}, {"start": "00:19:21", "end": "00:19:25", "text": "I think that's the world we're in is"}, {"start": "00:19:23", "end": "00:19:27", "text": "multiple compression and S&P 500 that"}, {"start": "00:19:25", "end": "00:19:29", "text": "goes through the rotation but you want"}, {"start": "00:19:27", "end": "00:19:32", "text": "to focus on the hardware and the"}, {"start": "00:19:29", "end": "00:19:35", "text": "semiconductor names and anything Dell"}, {"start": "00:19:32", "end": "00:19:36", "text": "HPE Corning all of those names they're"}, {"start": "00:19:35", "end": "00:19:39", "text": "all related to the same thing there's an"}, {"start": "00:19:36", "end": "00:19:41", "text": "underinvestment to massive demand"}, {"start": "00:19:39", "end": "00:19:42", "text": ">> when we look through these different"}, {"start": "00:19:41", "end": "00:19:44", "text": "companies that you're talking about you"}, {"start": "00:19:42", "end": "00:19:46", "text": "have been very right I think to start"}, {"start": "00:19:44", "end": "00:19:48", "text": "the year now and it goes back to this"}, {"start": "00:19:46", "end": "00:19:50", "text": "idea of software and AI are very uh kind"}, {"start": "00:19:48", "end": "00:19:52", "text": "of separate although people are"}, {"start": "00:19:50", "end": "00:19:55", "text": "confusing them together. How do you"}, {"start": "00:19:52", "end": "00:19:56", "text": "think about large caps versus small cap"}, {"start": "00:19:55", "end": "00:19:58", "text": "companies? I think a lot of folks are"}, {"start": "00:19:56", "end": "00:20:00", "text": "used to small caps have explosive"}, {"start": "00:19:58", "end": "00:20:02", "text": "opportunities but they also have a lot"}, {"start": "00:20:00", "end": "00:20:03", "text": "of downside. You're kind of getting paid"}, {"start": "00:20:02", "end": "00:20:05", "text": "for the risk that you're taking in a"}, {"start": "00:20:03", "end": "00:20:07", "text": "small cap or medium cap stock. Some of"}, {"start": "00:20:05", "end": "00:20:08", "text": "the companies that you're talking about"}, {"start": "00:20:07", "end": "00:20:11", "text": "are large cap companies. These are not"}, {"start": "00:20:08", "end": "00:20:13", "text": "small businesses and they're growing at"}, {"start": "00:20:11", "end": "00:20:16", "text": "very fast rates. And so, are we headed"}, {"start": "00:20:13", "end": "00:20:18", "text": "to a world where large companies like"}, {"start": "00:20:16", "end": "00:20:20", "text": "we've seen Oracle or or Meta, etc.,"}, {"start": "00:20:18", "end": "00:20:22", "text": "report some pretty crazy year-over-year"}, {"start": "00:20:20", "end": "00:20:23", "text": "growth numbers? Is that the new normal"}, {"start": "00:20:22", "end": "00:20:25", "text": "where people can kind of get what they"}, {"start": "00:20:23", "end": "00:20:26", "text": "used to get in small caps, but now they"}, {"start": "00:20:25", "end": "00:20:28", "text": "can get it from these much more mature"}, {"start": "00:20:26", "end": "00:20:31", "text": "businesses, and that's going to kind of"}, {"start": "00:20:28", "end": "00:20:33", "text": "become the standard environment?"}, {"start": "00:20:31", "end": "00:20:34", "text": ">> Well, the the large cap stocks have not"}, {"start": "00:20:33", "end": "00:20:36", "text": "done well this year. This has been a"}, {"start": "00:20:34", "end": "00:20:38", "text": "small cap market. So, with the S&P"}, {"start": "00:20:36", "end": "00:20:40", "text": "unchanged for the year, the Russell 2000"}, {"start": "00:20:38", "end": "00:20:42", "text": "is still up. Um, I've talked about my"}, {"start": "00:20:40", "end": "00:20:44", "text": "belief that public companies are are"}, {"start": "00:20:42", "end": "00:20:46", "text": "just not going to produce returns over"}, {"start": "00:20:44", "end": "00:20:49", "text": "the next 10 years. And I'm going to"}, {"start": "00:20:46", "end": "00:20:51", "text": "re-emphasize that point. Um, GDP is"}, {"start": "00:20:49", "end": "00:20:52", "text": "going to go higher. The spending is"}, {"start": "00:20:51", "end": "00:20:54", "text": "going to happen. There's a lot of"}, {"start": "00:20:52", "end": "00:20:57", "text": "companies that are either not public or"}, {"start": "00:20:54", "end": "00:20:58", "text": "part of the Russell 2000 or are in"}, {"start": "00:20:57", "end": "00:21:00", "text": "countries like Brazil, which I'm"}, {"start": "00:20:58", "end": "00:21:03", "text": "positive of, which made new highs for"}, {"start": "00:21:00", "end": "00:21:06", "text": "the year uh yesterday. I I just you know"}, {"start": "00:21:03", "end": "00:21:08", "text": "chemical stocks are not large cap uh you"}, {"start": "00:21:06", "end": "00:21:09", "text": "know aside from Dow and DuPont but when"}, {"start": "00:21:08", "end": "00:21:10", "text": "you go through most of the chemical"}, {"start": "00:21:09", "end": "00:21:12", "text": "names on my chemical list they're small"}, {"start": "00:21:10", "end": "00:21:15", "text": "cap a lot of the names I mentioned for"}, {"start": "00:21:12", "end": "00:21:19", "text": "the optical fiber side not Corning small"}, {"start": "00:21:15", "end": "00:21:21", "text": "cap uh modin which is a thermal name the"}, {"start": "00:21:19", "end": "00:21:22", "text": "thermal cooling side this is all about"}, {"start": "00:21:21", "end": "00:21:24", "text": "more heat this is all about more"}, {"start": "00:21:22", "end": "00:21:26", "text": "components this is all about more nuts"}, {"start": "00:21:24", "end": "00:21:29", "text": "and bolts there's a lot of small cap"}, {"start": "00:21:26", "end": "00:21:31", "text": "companies uh energy as a sector is"}, {"start": "00:21:29", "end": "00:21:33", "text": "smaller is half the market cap of"}, {"start": "00:21:31", "end": "00:21:36", "text": "Nvidia. I mean, there's plenty of places"}, {"start": "00:21:33", "end": "00:21:38", "text": "for people to go. I actually um don't"}, {"start": "00:21:36", "end": "00:21:39", "text": "like the large cap as a general theme"}, {"start": "00:21:38", "end": "00:21:41", "text": "unless they're related to hardware. The"}, {"start": "00:21:39", "end": "00:21:43", "text": "hyperscalers have not done well this"}, {"start": "00:21:41", "end": "00:21:46", "text": "year. Do I think their earnings are are"}, {"start": "00:21:43", "end": "00:21:48", "text": "fine? Yeah, but their free cash flows"}, {"start": "00:21:46", "end": "00:21:50", "text": "turned negative and so they're betting"}, {"start": "00:21:48", "end": "00:21:52", "text": "making a big bet on the future and what"}, {"start": "00:21:50", "end": "00:21:55", "text": "is happening to all companies that have"}, {"start": "00:21:52", "end": "00:21:57", "text": "a code side or a competitive side from a"}, {"start": "00:21:55", "end": "00:21:59", "text": "margin compression. Are you going to"}, {"start": "00:21:57", "end": "00:22:00", "text": "have pricing power? And that's the issue"}, {"start": "00:21:59", "end": "00:22:03", "text": "that keeps coming through. And right now"}, {"start": "00:22:00", "end": "00:22:04", "text": "these companies are making money, but"}, {"start": "00:22:03", "end": "00:22:06", "text": "they've got an accounting benefit that"}, {"start": "00:22:04", "end": "00:22:09", "text": "came from the one big beautiful bill on"}, {"start": "00:22:06", "end": "00:22:11", "text": "this capex side. Their free cash flow is"}, {"start": "00:22:09", "end": "00:22:13", "text": "going negative. They've got competitors"}, {"start": "00:22:11", "end": "00:22:15", "text": "with Enthropic and OpenAI which are not"}, {"start": "00:22:13", "end": "00:22:17", "text": "public companies at this point. SpaceX"}, {"start": "00:22:15", "end": "00:22:19", "text": "is coming to the market. I I would not"}, {"start": "00:22:17", "end": "00:22:20", "text": "be focused on the large cap companies"}, {"start": "00:22:19", "end": "00:22:22", "text": "are thinking that they're going to own"}, {"start": "00:22:20", "end": "00:22:24", "text": "this. I've been going a different"}, {"start": "00:22:22", "end": "00:22:26", "text": "direction. Uh I believe this is an"}, {"start": "00:22:24", "end": "00:22:28", "text": "entrepreneur side. I believe this is a a"}, {"start": "00:22:26", "end": "00:22:31", "text": "startup business and I think the private"}, {"start": "00:22:28", "end": "00:22:33", "text": "part of the market ironically enough not"}, {"start": "00:22:31", "end": "00:22:35", "text": "big private companies but very small"}, {"start": "00:22:33", "end": "00:22:37", "text": "tiny private companies are going to have"}, {"start": "00:22:35", "end": "00:22:38", "text": "a major advantage here just because of"}, {"start": "00:22:37", "end": "00:22:39", "text": "how nimble they are and because they"}, {"start": "00:22:38", "end": "00:22:42", "text": "don't have something to lose and"}, {"start": "00:22:39", "end": "00:22:45", "text": "probably most importantly human beings"}, {"start": "00:22:42", "end": "00:22:47", "text": "are the major cost of the S&P 500. um if"}, {"start": "00:22:45", "end": "00:22:48", "text": "the agentic side is speeding up right"}, {"start": "00:22:47", "end": "00:22:50", "text": "now and a lot of what I'm going to show"}, {"start": "00:22:48", "end": "00:22:53", "text": "this weekend is from people now saying"}, {"start": "00:22:50", "end": "00:22:56", "text": "with this new model this new model is"}, {"start": "00:22:53", "end": "00:22:58", "text": "very very very bad for labor um all"}, {"start": "00:22:56", "end": "00:23:00", "text": "knowledge workers are at risk if you"}, {"start": "00:22:58", "end": "00:23:02", "text": "have a model that is autonomous and can"}, {"start": "00:23:00", "end": "00:23:04", "text": "break into anything that means they can"}, {"start": "00:23:02", "end": "00:23:06", "text": "replicate and self-learn on their own"}, {"start": "00:23:04", "end": "00:23:07", "text": "that is the danger now that we've sped"}, {"start": "00:23:06", "end": "00:23:09", "text": "up so quickly that you're going to see"}, {"start": "00:23:07", "end": "00:23:11", "text": "an impact to the knowledge workers far"}, {"start": "00:23:09", "end": "00:23:13", "text": "more than we've seen already"}, {"start": "00:23:11", "end": "00:23:14", "text": ">> let's talk about the economic data that"}, {"start": "00:23:13", "end": "00:23:15", "text": "came out this morning you mentioned"}, {"start": "00:23:14", "end": "00:23:18", "text": "mentioned a little bit earlier, the"}, {"start": "00:23:15", "end": "00:23:20", "text": "inflation number is obviously rising. Uh"}, {"start": "00:23:18", "end": "00:23:22", "text": "the PCE number I think gives people a"}, {"start": "00:23:20", "end": "00:23:24", "text": "little bit more confidence, but still uh"}, {"start": "00:23:22", "end": "00:23:27", "text": "a little concerning. You keep talking"}, {"start": "00:23:24", "end": "00:23:29", "text": "about headline CPI going above 5%. Let's"}, {"start": "00:23:27", "end": "00:23:32", "text": "put aside for a second uh the headline"}, {"start": "00:23:29", "end": "00:23:34", "text": "number is going to go higher. What do"}, {"start": "00:23:32", "end": "00:23:35", "text": "you think actual inflation is? And the"}, {"start": "00:23:34", "end": "00:23:37", "text": "reason I asked that is like true"}, {"start": "00:23:35", "end": "00:23:39", "text": "inflation is showing that it has nearly"}, {"start": "00:23:37", "end": "00:23:41", "text": "doubled since the start of the Iran war."}, {"start": "00:23:39", "end": "00:23:43", "text": "So true inflation and CPI are both going"}, {"start": "00:23:41", "end": "00:23:44", "text": "higher. But true inflation is showing"}, {"start": "00:23:43", "end": "00:23:48", "text": "something that is less than 2%. Call it"}, {"start": "00:23:44", "end": "00:23:51", "text": "1.7 1.8%. And what it begs the question"}, {"start": "00:23:48", "end": "00:23:53", "text": "of is this tension between short-term"}, {"start": "00:23:51", "end": "00:23:54", "text": "oil short-term inflation type pressures"}, {"start": "00:23:53", "end": "00:23:56", "text": "that could become long-term, but right"}, {"start": "00:23:54", "end": "00:23:59", "text": "now they're only short-term versus this"}, {"start": "00:23:56", "end": "00:24:00", "text": "long-term deflationary component. You"}, {"start": "00:23:59", "end": "00:24:02", "text": "mentioned that you think stocks are not"}, {"start": "00:24:00", "end": "00:24:04", "text": "going to appreciate a lot over the next"}, {"start": "00:24:02", "end": "00:24:08", "text": "decade. And so, how are you thinking"}, {"start": "00:24:04", "end": "00:24:10", "text": "about just inflation in general?"}, {"start": "00:24:08", "end": "00:24:11", "text": "what wins out, the short-term inflation"}, {"start": "00:24:10", "end": "00:24:14", "text": "pressure or the long-term deflationary"}, {"start": "00:24:11", "end": "00:24:16", "text": "pressure?"}, {"start": "00:24:14", "end": "00:24:20", "text": ">> So, again, I I I'll say it again. Nobody"}, {"start": "00:24:16", "end": "00:24:21", "text": "watching this cares at all about true"}, {"start": "00:24:20", "end": "00:24:24", "text": "inflation."}, {"start": "00:24:21", "end": "00:24:27", "text": "Um should there's not uh no, they"}, {"start": "00:24:24", "end": "00:24:29", "text": "shouldn't. Um inflation is a feel. It's"}, {"start": "00:24:27", "end": "00:24:32", "text": "not a number. Um it's impossible for"}, {"start": "00:24:29", "end": "00:24:33", "text": "them to tr truly calculate inflation."}, {"start": "00:24:32", "end": "00:24:36", "text": "So, we've had a difference between"}, {"start": "00:24:33", "end": "00:24:39", "text": "inflation for a long time. Um headline"}, {"start": "00:24:36", "end": "00:24:41", "text": "inflation. So core inflation is only"}, {"start": "00:24:39", "end": "00:24:44", "text": "2.3%."}, {"start": "00:24:41", "end": "00:24:46", "text": "Headline inflation is now 3.3"}, {"start": "00:24:44", "end": "00:24:48", "text": "and it will be above five just based on"}, {"start": "00:24:46", "end": "00:24:50", "text": "what's going to happen with food prices"}, {"start": "00:24:48", "end": "00:24:52", "text": "and what's going to happen with gas."}, {"start": "00:24:50", "end": "00:24:53", "text": "Affordability is a major issue. So the"}, {"start": "00:24:52", "end": "00:24:55", "text": "reason I say nobody cares about true"}, {"start": "00:24:53", "end": "00:24:58", "text": "inflation. I don't see anyone going this"}, {"start": "00:24:55", "end": "00:25:00", "text": "is fantastic. Inflation is low again."}, {"start": "00:24:58", "end": "00:25:03", "text": "Wages are falling and the job market is"}, {"start": "00:25:00", "end": "00:25:06", "text": "not strong. So wages are down below 4%"}, {"start": "00:25:03", "end": "00:25:08", "text": "on almost every measure. uh they're"}, {"start": "00:25:06", "end": "00:25:10", "text": "probably going to be sticky around these"}, {"start": "00:25:08", "end": "00:25:14", "text": "levels, but if inflation does go above"}, {"start": "00:25:10", "end": "00:25:16", "text": "5%, you're going to have negative wages."}, {"start": "00:25:14", "end": "00:25:19", "text": "Now, again, back the last time we had"}, {"start": "00:25:16", "end": "00:25:21", "text": "inflation, that was yolo time. This is a"}, {"start": "00:25:19", "end": "00:25:23", "text": "very different time. People spent the"}, {"start": "00:25:21", "end": "00:25:25", "text": "money during the first wave of inflation"}, {"start": "00:25:23", "end": "00:25:27", "text": "and had a party. They didn't save the"}, {"start": "00:25:25", "end": "00:25:29", "text": "money that was handed out. And so what"}, {"start": "00:25:27", "end": "00:25:32", "text": "we have now is a situation where"}, {"start": "00:25:29", "end": "00:25:34", "text": "affordability is already an issue and"}, {"start": "00:25:32", "end": "00:25:36", "text": "gas and food prices are going higher,"}, {"start": "00:25:34", "end": "00:25:39", "text": "plastic prices are going higher. Um"}, {"start": "00:25:36", "end": "00:25:40", "text": "diesel prices are up faster than any"}, {"start": "00:25:39", "end": "00:25:43", "text": "point over the course of the last 25"}, {"start": "00:25:40", "end": "00:25:46", "text": "years. You're going to that means every"}, {"start": "00:25:43", "end": "00:25:47", "text": "truck has things, jet fuel, the airline"}, {"start": "00:25:46", "end": "00:25:50", "text": "prices are going to go higher. And this"}, {"start": "00:25:47", "end": "00:25:52", "text": "is not a question of will it. It will."}, {"start": "00:25:50", "end": "00:25:53", "text": "So all of that stuff is eventually going"}, {"start": "00:25:52", "end": "00:25:56", "text": "to feed through. And that means people"}, {"start": "00:25:53", "end": "00:25:58", "text": "at home are going to feel this. Now, we"}, {"start": "00:25:56", "end": "00:26:01", "text": "haven't had this situation. 3-month"}, {"start": "00:25:58", "end": "00:26:04", "text": "rates are now at um 3.66%,"}, {"start": "00:26:01", "end": "00:26:05", "text": "3.65 when when we got on here, and we're"}, {"start": "00:26:04", "end": "00:26:08", "text": "going to have headline inflation above"}, {"start": "00:26:05", "end": "00:26:11", "text": "it. Um you know, I I'm I'm very focused"}, {"start": "00:26:08", "end": "00:26:13", "text": "on a lot of things, but this negative"}, {"start": "00:26:11", "end": "00:26:15", "text": "yield and the fact that wages are going"}, {"start": "00:26:13", "end": "00:26:18", "text": "to be this is going to have huge"}, {"start": "00:26:15", "end": "00:26:20", "text": "implications for the midterms. Um"}, {"start": "00:26:18", "end": "00:26:23", "text": "inflation will be a major major part of"}, {"start": "00:26:20", "end": "00:26:25", "text": "the midterm elections. Uh bless you. So"}, {"start": "00:26:23", "end": "00:26:28", "text": "don't you know I I I think this this"}, {"start": "00:26:25", "end": "00:26:31", "text": "situation of hey core is really low. The"}, {"start": "00:26:28", "end": "00:26:33", "text": "Fed doesn't have to raise rates. Okay."}, {"start": "00:26:31", "end": "00:26:34", "text": "But the people at home are going to be"}, {"start": "00:26:33", "end": "00:26:37", "text": "feeling the pressure because jobs are"}, {"start": "00:26:34", "end": "00:26:38", "text": "not safe. And at the same time we've got"}, {"start": "00:26:37", "end": "00:26:40", "text": "an affordability issue that isn't going"}, {"start": "00:26:38", "end": "00:26:42", "text": "to get better with this. One of the"}, {"start": "00:26:40", "end": "00:26:43", "text": "aspects uh I do not have a strong"}, {"start": "00:26:42", "end": "00:26:46", "text": "opinion on how this plays out but I"}, {"start": "00:26:43", "end": "00:26:49", "text": "think is very interesting is in more"}, {"start": "00:26:46", "end": "00:26:53", "text": "than 50% of the major metros we are now"}, {"start": "00:26:49", "end": "00:26:55", "text": "seeing prices come down on homes and"}, {"start": "00:26:53", "end": "00:26:56", "text": "I think that it goes back to like two"}, {"start": "00:26:55", "end": "00:26:58", "text": "things can be true. Homes are expensive"}, {"start": "00:26:56", "end": "00:27:00", "text": "yet they are not continuing to"}, {"start": "00:26:58", "end": "00:27:02", "text": "accelerate at this rapid rate. Now, that"}, {"start": "00:27:00", "end": "00:27:04", "text": "could change, but I think what you're"}, {"start": "00:27:02", "end": "00:27:05", "text": "talking about from like how people feel,"}, {"start": "00:27:04", "end": "00:27:07", "text": "it actually isn't so much about the"}, {"start": "00:27:05", "end": "00:27:09", "text": "year-over-year rate of change as much as"}, {"start": "00:27:07", "end": "00:27:11", "text": "it's just like I remember 5 years ago"}, {"start": "00:27:09", "end": "00:27:14", "text": "this was way less expensive and it is"}, {"start": "00:27:11", "end": "00:27:15", "text": "just through the roof in comparison. And"}, {"start": "00:27:14", "end": "00:27:17", "text": "so, regardless of the year-over-year"}, {"start": "00:27:15", "end": "00:27:19", "text": "rate of change, I just feel like"}, {"start": "00:27:17", "end": "00:27:21", "text": "everything is expensive. And I think you"}, {"start": "00:27:19", "end": "00:27:24", "text": "are right that like that doesn't go away"}, {"start": "00:27:21", "end": "00:27:26", "text": "if prices come down 1 or 2%. Right. That"}, {"start": "00:27:24", "end": "00:27:28", "text": "that just feels like everything is"}, {"start": "00:27:26", "end": "00:27:30", "text": "expensive. Even if it was 5% cheaper, it"}, {"start": "00:27:28", "end": "00:27:32", "text": "is still expensive."}, {"start": "00:27:30", "end": "00:27:33", "text": ">> Yeah. And that and that's that's the"}, {"start": "00:27:32", "end": "00:27:35", "text": "issue for people. If you've heard the"}, {"start": "00:27:33", "end": "00:27:38", "text": "term core inflation, you were wondering"}, {"start": "00:27:35", "end": "00:27:40", "text": "the difference. Um core inflation is"}, {"start": "00:27:38", "end": "00:27:43", "text": "supposed to strip out the variable side"}, {"start": "00:27:40", "end": "00:27:46", "text": "of commodities. That's why it was put"}, {"start": "00:27:43", "end": "00:27:48", "text": "together so that we could deal with, you"}, {"start": "00:27:46", "end": "00:27:51", "text": "know, what was happening in the 1970s."}, {"start": "00:27:48", "end": "00:27:53", "text": "It doesn't change the issue. What we"}, {"start": "00:27:51", "end": "00:27:56", "text": "know for a fact is when people who are"}, {"start": "00:27:53", "end": "00:27:58", "text": "driving gas cars go to the gas station,"}, {"start": "00:27:56", "end": "00:28:01", "text": "it is significantly more to fill it up."}, {"start": "00:27:58", "end": "00:28:03", "text": "Now, is it more than it was during 2022?"}, {"start": "00:28:01", "end": "00:28:05", "text": "No, it's it's the same. But again, the"}, {"start": "00:28:03", "end": "00:28:08", "text": "way people live paycheck to paycheck in"}, {"start": "00:28:05", "end": "00:28:10", "text": "the country, any type of increase,"}, {"start": "00:28:08", "end": "00:28:13", "text": "especially on something like"}, {"start": "00:28:10", "end": "00:28:16", "text": "electricity, like gasoline,"}, {"start": "00:28:13", "end": "00:28:19", "text": "phones, uh I I I mean, I hate to to say"}, {"start": "00:28:16", "end": "00:28:20", "text": "it, um if there's scarcity and"}, {"start": "00:28:19", "end": "00:28:23", "text": "underinvestment, and that's the"}, {"start": "00:28:20", "end": "00:28:25", "text": "commodity world, AI is very inflationary"}, {"start": "00:28:23", "end": "00:28:28", "text": "for things related to the physical"}, {"start": "00:28:25", "end": "00:28:30", "text": "underinvested world. And that means the"}, {"start": "00:28:28", "end": "00:28:32", "text": "phone, it means all of this stuff is"}, {"start": "00:28:30", "end": "00:28:34", "text": "going to go up in price. At the same"}, {"start": "00:28:32", "end": "00:28:38", "text": "time, we do have labor shortages in"}, {"start": "00:28:34", "end": "00:28:41", "text": "things like daycare, uh, teachers,"}, {"start": "00:28:38", "end": "00:28:43", "text": "nurses, uh, we're not we we just don't"}, {"start": "00:28:41", "end": "00:28:45", "text": "have a situation where all of a sudden"}, {"start": "00:28:43", "end": "00:28:46", "text": "daycare prices are going to come down."}, {"start": "00:28:45", "end": "00:28:49", "text": "And we've heard from people, and I hear"}, {"start": "00:28:46", "end": "00:28:51", "text": "it from people uh, in in Brooklyn when"}, {"start": "00:28:49", "end": "00:28:53", "text": "I'm talking to people, it's daycare"}, {"start": "00:28:51", "end": "00:28:55", "text": "expense is a very big expense for"}, {"start": "00:28:53", "end": "00:28:56", "text": "people. Uh, they mention it as like kind"}, {"start": "00:28:55", "end": "00:28:58", "text": "of the number one thing. They don't know"}, {"start": "00:28:56", "end": "00:29:00", "text": "what to do. They're kind of trapped. And"}, {"start": "00:28:58", "end": "00:29:03", "text": "so when you mentioned housing prices are"}, {"start": "00:29:00", "end": "00:29:05", "text": "coming down, the ironic thing of that is"}, {"start": "00:29:03", "end": "00:29:07", "text": "that's not what rents are doing in"}, {"start": "00:29:05", "end": "00:29:08", "text": "apartment buildings in the cities in New"}, {"start": "00:29:07", "end": "00:29:09", "text": "York. Maybe it's happening in certain"}, {"start": "00:29:08", "end": "00:29:12", "text": "parts of the country and maybe more"}, {"start": "00:29:09", "end": "00:29:13", "text": "supply is coming on, but for people that"}, {"start": "00:29:12", "end": "00:29:16", "text": "are trapped in their apartments or"}, {"start": "00:29:13", "end": "00:29:18", "text": "trapped in where they are, I I just"}, {"start": "00:29:16", "end": "00:29:20", "text": "don't see how house prices coming down"}, {"start": "00:29:18", "end": "00:29:22", "text": "by 30 basis points or 1% changes their"}, {"start": "00:29:20", "end": "00:29:24", "text": "life unless they get up and move. And"}, {"start": "00:29:22", "end": "00:29:25", "text": "you know what? If you got to get up and"}, {"start": "00:29:24", "end": "00:29:27", "text": "move, you're paying for the moving costs"}, {"start": "00:29:25", "end": "00:29:29", "text": "and all these other things. It's just"}, {"start": "00:29:27", "end": "00:29:31", "text": "not like you're saving any money."}, {"start": "00:29:29", "end": "00:29:33", "text": ">> Let's talk about Bitcoin. Uh you sent me"}, {"start": "00:29:31", "end": "00:29:36", "text": "this great chart that basically shows uh"}, {"start": "00:29:33", "end": "00:29:38", "text": "Fed funds rate rising, Fed fund rate"}, {"start": "00:29:36", "end": "00:29:41", "text": "falling or or holding and then the"}, {"start": "00:29:38", "end": "00:29:43", "text": "positive real versus negative real um uh"}, {"start": "00:29:41", "end": "00:29:45", "text": "return here. What is this showing us?"}, {"start": "00:29:43", "end": "00:29:48", "text": "What is your takeaway from this? I I see"}, {"start": "00:29:45", "end": "00:29:50", "text": "plus 247% which obviously people get"}, {"start": "00:29:48", "end": "00:29:52", "text": "excited about."}, {"start": "00:29:50", "end": "00:29:55", "text": ">> So there's really two things. Um let's"}, {"start": "00:29:52", "end": "00:29:57", "text": "go back to the AI side. Uh,"}, {"start": "00:29:55", "end": "00:30:00", "text": "I have said repeatedly I think Bitcoin"}, {"start": "00:29:57", "end": "00:30:02", "text": "is the only quote unquote thing built on"}, {"start": "00:30:00", "end": "00:30:04", "text": "code that is safe from the destruction"}, {"start": "00:30:02", "end": "00:30:07", "text": "of AI because it has no competitor."}, {"start": "00:30:04", "end": "00:30:09", "text": "Meaning it's not a business. It doesn't"}, {"start": "00:30:07", "end": "00:30:12", "text": "have fundamentals. There's no way to"}, {"start": "00:30:09", "end": "00:30:14", "text": "disrupt it. Okay,"}, {"start": "00:30:12", "end": "00:30:16", "text": "we're at that agentic side. So the"}, {"start": "00:30:14", "end": "00:30:18", "text": "network effects are going to kick in. I"}, {"start": "00:30:16", "end": "00:30:21", "text": "want to watch Ethereum as the major kind"}, {"start": "00:30:18", "end": "00:30:22", "text": "of signal. And for people watching, I'm"}, {"start": "00:30:21", "end": "00:30:24", "text": "giving you not only a bullish sign, but"}, {"start": "00:30:22", "end": "00:30:27", "text": "I'm giving you a timing sign. The"}, {"start": "00:30:24", "end": "00:30:28", "text": "catalyst is now. Um, and that I'll get"}, {"start": "00:30:27", "end": "00:30:30", "text": "to that point, but I want to make sure I"}, {"start": "00:30:28", "end": "00:30:32", "text": "give you the structural issue on on what"}, {"start": "00:30:30", "end": "00:30:34", "text": "I think is happening. We showed and"}, {"start": "00:30:32", "end": "00:30:35", "text": "talked about and everyone saw the chart"}, {"start": "00:30:34", "end": "00:30:38", "text": "of how Bitcoin was very correlated to"}, {"start": "00:30:35", "end": "00:30:40", "text": "software, which it should be. It at the"}, {"start": "00:30:38", "end": "00:30:42", "text": "end of the day is built on code. It's a"}, {"start": "00:30:40", "end": "00:30:44", "text": "growth asset. It's something that people"}, {"start": "00:30:42", "end": "00:30:46", "text": "think in the future will be worth a lot"}, {"start": "00:30:44", "end": "00:30:48", "text": "more money. It obviously has a scarcity"}, {"start": "00:30:46", "end": "00:30:50", "text": "side, which let's leave that alone for a"}, {"start": "00:30:48", "end": "00:30:53", "text": "second. uh but it is software so it was"}, {"start": "00:30:50", "end": "00:30:57", "text": "correlated. Well, this week will be the"}, {"start": "00:30:53", "end": "00:30:59", "text": "biggest week of Bitcoin over software."}, {"start": "00:30:57", "end": "00:31:02", "text": "We have finally broken the correlation."}, {"start": "00:30:59", "end": "00:31:04", "text": "Uh and this started last week, but the"}, {"start": "00:31:02", "end": "00:31:07", "text": "correlation between software and Bitcoin"}, {"start": "00:31:04", "end": "00:31:09", "text": "has broken now. So when we were seeing"}, {"start": "00:31:07", "end": "00:31:11", "text": "software puke during the first two"}, {"start": "00:31:09", "end": "00:31:13", "text": "months of the year, Bitcoin was going"}, {"start": "00:31:11", "end": "00:31:14", "text": "down with it. That's not happening."}, {"start": "00:31:13", "end": "00:31:17", "text": "Bitcoin is starting to trade a little"}, {"start": "00:31:14", "end": "00:31:19", "text": "bit more now like a risk asset, meaning"}, {"start": "00:31:17", "end": "00:31:22", "text": "it followed the S&P. Software did not"}, {"start": "00:31:19", "end": "00:31:24", "text": "follow the S&P. The credit situation,"}, {"start": "00:31:22", "end": "00:31:26", "text": "the private credit names, uh, equities"}, {"start": "00:31:24", "end": "00:31:28", "text": "have not bounced at all, and you're"}, {"start": "00:31:26", "end": "00:31:30", "text": "still getting redemptions there. So,"}, {"start": "00:31:28", "end": "00:31:32", "text": "what I put together was just for people"}, {"start": "00:31:30", "end": "00:31:35", "text": "to see, and I'll show this on the video,"}, {"start": "00:31:32", "end": "00:31:37", "text": "uh, if you break Bitcoin into those four"}, {"start": "00:31:35", "end": "00:31:41", "text": "sides. So, you start with threemon real"}, {"start": "00:31:37", "end": "00:31:43", "text": "yields. So, 3-month rates are 366."}, {"start": "00:31:41", "end": "00:31:46", "text": "Headline inflation is now 330. So we've"}, {"start": "00:31:43", "end": "00:31:49", "text": "taken it down to about 40 basis points."}, {"start": "00:31:46", "end": "00:31:51", "text": "Meaning we have rates 40 basis points"}, {"start": "00:31:49", "end": "00:31:54", "text": "above"}, {"start": "00:31:51", "end": "00:31:56", "text": "the majority of the returns. Not the"}, {"start": "00:31:54", "end": "00:31:59", "text": "majority over 100% of all of the Bitcoin"}, {"start": "00:31:56", "end": "00:32:01", "text": "returns since its launch in 2010. But"}, {"start": "00:31:59", "end": "00:32:04", "text": "also, if you break it down by 5-year"}, {"start": "00:32:01", "end": "00:32:06", "text": "increments, in every 5-year increment,"}, {"start": "00:32:04", "end": "00:32:09", "text": "the best time to invest in Bitcoin where"}, {"start": "00:32:06", "end": "00:32:13", "text": "you get over 100% of the returns is when"}, {"start": "00:32:09", "end": "00:32:16", "text": "the Fed is either on hold or cutting"}, {"start": "00:32:13", "end": "00:32:19", "text": "combined with negative real yields. Now,"}, {"start": "00:32:16", "end": "00:32:23", "text": "remember the first part of 2010 to 2019,"}, {"start": "00:32:19", "end": "00:32:24", "text": "we had QE going on. we had fairly, you"}, {"start": "00:32:23", "end": "00:32:26", "text": "know, moderate inflation, but if you"}, {"start": "00:32:24", "end": "00:32:28", "text": "have zero yields or three-month bills"}, {"start": "00:32:26", "end": "00:32:30", "text": "around zero yields, you're obviously"}, {"start": "00:32:28", "end": "00:32:33", "text": "going to get huge returns. So, that's"}, {"start": "00:32:30", "end": "00:32:36", "text": "what this is about. But I also said this"}, {"start": "00:32:33", "end": "00:32:39", "text": "is from 2019 to 25. This is from 15 to"}, {"start": "00:32:36", "end": "00:32:42", "text": "19 and this is from 10 to 15. It doesn't"}, {"start": "00:32:39", "end": "00:32:44", "text": "really matter. It's all the same. uh"}, {"start": "00:32:42", "end": "00:32:45", "text": "this is the point that you want to be"}, {"start": "00:32:44", "end": "00:32:48", "text": "looking at it because when we get to the"}, {"start": "00:32:45", "end": "00:32:51", "text": "next CPI number I think what's rolling"}, {"start": "00:32:48", "end": "00:32:53", "text": "off is a 0.1 meaning last year the"}, {"start": "00:32:51", "end": "00:32:55", "text": "monthtomonth was about 0.1 we'll be"}, {"start": "00:32:53", "end": "00:32:58", "text": "replacing that again with something"}, {"start": "00:32:55", "end": "00:33:00", "text": "close to one which means headline CPI"}, {"start": "00:32:58", "end": "00:33:03", "text": "will be above"}, {"start": "00:33:00", "end": "00:33:04", "text": "uh the 3-month rate as of next month so"}, {"start": "00:33:03", "end": "00:33:06", "text": "there's your catalyst we'll be entering"}, {"start": "00:33:04", "end": "00:33:09", "text": "the regime if you want to call it of the"}, {"start": "00:33:06", "end": "00:33:11", "text": "Fed on hold or easing with inflation up"}, {"start": "00:33:09", "end": "00:33:14", "text": "above yields so negative real deals. But"}, {"start": "00:33:11", "end": "00:33:17", "text": "one more thing on the technical side,"}, {"start": "00:33:14", "end": "00:33:19", "text": "the weekly uh MACD"}, {"start": "00:33:17", "end": "00:33:22", "text": "is crossing this week. So when you put"}, {"start": "00:33:19", "end": "00:33:24", "text": "it all together, um I've started again."}, {"start": "00:33:22", "end": "00:33:26", "text": "I've I tried to buy when we were up"}, {"start": "00:33:24", "end": "00:33:28", "text": "close to 100. I was buying some above"}, {"start": "00:33:26", "end": "00:33:30", "text": "100. Uh I am reducing a little bit of"}, {"start": "00:33:28", "end": "00:33:32", "text": "some of my memory names and I'm in"}, {"start": "00:33:30", "end": "00:33:33", "text": "taking that money, moving it in. But I'm"}, {"start": "00:33:32", "end": "00:33:36", "text": "also moving money out of money markets"}, {"start": "00:33:33", "end": "00:33:38", "text": "now, moving it into Bitcoin because I"}, {"start": "00:33:36", "end": "00:33:39", "text": "think we've hit a point where uh you're"}, {"start": "00:33:38", "end": "00:33:40", "text": "going to start to see a break in"}, {"start": "00:33:39", "end": "00:33:42", "text": "correlation and I think people are going"}, {"start": "00:33:40", "end": "00:33:45", "text": "to start to focus on it as a scarcity"}, {"start": "00:33:42", "end": "00:33:47", "text": "asset. And just one more thing, one of"}, {"start": "00:33:45", "end": "00:33:50", "text": "the conversations that is starting to"}, {"start": "00:33:47", "end": "00:33:51", "text": "build rapidly. Uh and I'm not going to"}, {"start": "00:33:50", "end": "00:33:54", "text": "go through all of the details, but maybe"}, {"start": "00:33:51", "end": "00:33:55", "text": "you and I can get Marco Papage on uh"}, {"start": "00:33:54", "end": "00:33:58", "text": "soon to talk about something he"}, {"start": "00:33:55", "end": "00:34:00", "text": "mentioned on a podcast he did. But you"}, {"start": "00:33:58", "end": "00:34:03", "text": "have to start to think about the US"}, {"start": "00:34:00", "end": "00:34:05", "text": "position with the dollar. Um obviously"}, {"start": "00:34:03", "end": "00:34:08", "text": "this war did not work out the way that I"}, {"start": "00:34:05", "end": "00:34:09", "text": "think the administration thought."}, {"start": "00:34:08", "end": "00:34:11", "text": "Whatever is happening with the straight"}, {"start": "00:34:09", "end": "00:34:14", "text": "of hormuz one thing is certain the rest"}, {"start": "00:34:11", "end": "00:34:16", "text": "of the world did not come to the US side"}, {"start": "00:34:14", "end": "00:34:19", "text": "in this uh and in particular now what's"}, {"start": "00:34:16", "end": "00:34:21", "text": "going on in Taiwan"}, {"start": "00:34:19", "end": "00:34:24", "text": "uh with elections over there and who's"}, {"start": "00:34:21", "end": "00:34:26", "text": "starting to visit China. There's a"}, {"start": "00:34:24", "end": "00:34:29", "text": "growing fear that maybe the US dollar"}, {"start": "00:34:26", "end": "00:34:32", "text": "will be under pressure more as the end"}, {"start": "00:34:29", "end": "00:34:34", "text": "result of this with higher inflation,"}, {"start": "00:34:32", "end": "00:34:36", "text": "higher energy prices to go an unstable"}, {"start": "00:34:34", "end": "00:34:39", "text": "situation in the Middle East, this"}, {"start": "00:34:36", "end": "00:34:41", "text": "taxation thing which is you know the"}, {"start": "00:34:39", "end": "00:34:44", "text": "Iran is seems to be uh as part of their"}, {"start": "00:34:41", "end": "00:34:46", "text": "program is taxing people using the"}, {"start": "00:34:44", "end": "00:34:48", "text": "strait. This is a very weird situation"}, {"start": "00:34:46", "end": "00:34:51", "text": "but I think in the end uh you're going"}, {"start": "00:34:48", "end": "00:34:53", "text": "to have it. And one final point,"}, {"start": "00:34:51", "end": "00:34:55", "text": "I'm concerned about inflation happening"}, {"start": "00:34:53", "end": "00:34:57", "text": "in emerging markets at a much bigger"}, {"start": "00:34:55", "end": "00:34:59", "text": "rate than happens in the US. And if"}, {"start": "00:34:57", "end": "00:35:00", "text": "that's happening, I think you're going"}, {"start": "00:34:59", "end": "00:35:02", "text": "to have some countries of the world in"}, {"start": "00:35:00", "end": "00:35:04", "text": "particular that are going to be looking"}, {"start": "00:35:02", "end": "00:35:06", "text": "for ways to hedge against inflation."}, {"start": "00:35:04", "end": "00:35:08", "text": "Remember, at the end of the day, if"}, {"start": "00:35:06", "end": "00:35:09", "text": "inflation is going higher in certain"}, {"start": "00:35:08", "end": "00:35:11", "text": "parts of the world and we have an"}, {"start": "00:35:09", "end": "00:35:13", "text": "unstable environment, I think the"}, {"start": "00:35:11", "end": "00:35:15", "text": "attractiveness in Bitcoin from"}, {"start": "00:35:13", "end": "00:35:17", "text": "devaluations in certain countries uh is"}, {"start": "00:35:15", "end": "00:35:18", "text": "going to grow as the thing. I think"}, {"start": "00:35:17", "end": "00:35:19", "text": "you're going to have more and more"}, {"start": "00:35:18", "end": "00:35:21", "text": "people talking about Bitcoin over the"}, {"start": "00:35:19", "end": "00:35:23", "text": "course of the next 3 to 6 months."}, {"start": "00:35:21", "end": "00:35:24", "text": ">> Today's episode is brought to you by"}, {"start": "00:35:23", "end": "00:35:26", "text": "Simple Mining. Bitcoin mining has a"}, {"start": "00:35:24", "end": "00:35:28", "text": "reputation for being complicated, risky,"}, {"start": "00:35:26", "end": "00:35:30", "text": "and hard to evaluate as a real"}, {"start": "00:35:28", "end": "00:35:32", "text": "investment. If you're considering mining"}, {"start": "00:35:30", "end": "00:35:34", "text": "in 2026, what actually matters isn't"}, {"start": "00:35:32", "end": "00:35:36", "text": "headline profitability. It's uptime,"}, {"start": "00:35:34", "end": "00:35:38", "text": "repairs, and whether the operation is"}, {"start": "00:35:36", "end": "00:35:40", "text": "run like a real business. That's why"}, {"start": "00:35:38", "end": "00:35:42", "text": "I've been using Simple Mining. They're"}, {"start": "00:35:40", "end": "00:35:44", "text": "based in Cedar Falls, Iowa, and they run"}, {"start": "00:35:42", "end": "00:35:46", "text": "a white glove hosting operation where"}, {"start": "00:35:44", "end": "00:35:48", "text": "you own your miners. You choose your own"}, {"start": "00:35:46", "end": "00:35:50", "text": "pool and you have Bitcoin sent directly"}, {"start": "00:35:48", "end": "00:35:52", "text": "to your wallet. They were featured on"}, {"start": "00:35:50", "end": "00:35:54", "text": "the Inc. 5000 list as the fastest"}, {"start": "00:35:52", "end": "00:35:56", "text": "growing company in Iowa with over 40,000"}, {"start": "00:35:54", "end": "00:35:58", "text": "machines under management. What stands"}, {"start": "00:35:56", "end": "00:36:00", "text": "out to me is execution. They have the"}, {"start": "00:35:58", "end": "00:36:02", "text": "number one rated ASIC repair center. And"}, {"start": "00:36:00", "end": "00:36:04", "text": "for the first 12 months, repairs are"}, {"start": "00:36:02", "end": "00:36:06", "text": "included. If mining margins get tight,"}, {"start": "00:36:04", "end": "00:36:08", "text": "you can pause with no penalties. And if"}, {"start": "00:36:06", "end": "00:36:09", "text": "you want to resize or upgrade your"}, {"start": "00:36:08", "end": "00:36:11", "text": "fleet, there's a marketplace to resell"}, {"start": "00:36:09", "end": "00:36:13", "text": "equipment instead of being stuck. to"}, {"start": "00:36:11", "end": "00:36:14", "text": "help people think it through whether"}, {"start": "00:36:13", "end": "00:36:16", "text": "mining actually makes sense right now."}, {"start": "00:36:14", "end": "00:36:18", "text": "They put together a short resource"}, {"start": "00:36:16", "end": "00:36:20", "text": "called the 2026 Bitcoin mining"}, {"start": "00:36:18", "end": "00:36:21", "text": "blueprint. It walks through the five"}, {"start": "00:36:20", "end": "00:36:23", "text": "mistakes investors make when allocating"}, {"start": "00:36:21", "end": "00:36:25", "text": "to mining and they also explain how to"}, {"start": "00:36:23", "end": "00:36:27", "text": "avoid them before deploying capital. If"}, {"start": "00:36:25", "end": "00:36:31", "text": "it sounds interesting to you, you can"}, {"start": "00:36:27", "end": "00:36:34", "text": "get it for free at simplemining.io/p."}, {"start": "00:36:31", "end": "00:36:36", "text": "That's simplemining.io/p."}, {"start": "00:36:34", "end": "00:36:38", "text": "Go check it out today and see if you"}, {"start": "00:36:36", "end": "00:36:40", "text": "should get into the mining game."}, {"start": "00:36:38", "end": "00:36:42", "text": "Today's episode is brought to you by"}, {"start": "00:36:40", "end": "00:36:43", "text": "Uphold. Are you someone who's tired of"}, {"start": "00:36:42", "end": "00:36:46", "text": "juggling multiple apps just to trade,"}, {"start": "00:36:43", "end": "00:36:47", "text": "earn, stake, or spend your crypto? Then"}, {"start": "00:36:46", "end": "00:36:50", "text": "listen up because Uphold does all of"}, {"start": "00:36:47", "end": "00:36:52", "text": "that in one single unified platform. You"}, {"start": "00:36:50", "end": "00:36:54", "text": "can access 300 plus crypto and fiat"}, {"start": "00:36:52", "end": "00:36:56", "text": "currencies with an interface that works"}, {"start": "00:36:54", "end": "00:36:59", "text": "for you whether you're a beginner or an"}, {"start": "00:36:56", "end": "00:37:02", "text": "expert. Uphold also features any to any"}, {"start": "00:36:59", "end": "00:37:04", "text": "swaps where you can swap crypto to fiat,"}, {"start": "00:37:02", "end": "00:37:05", "text": "fiat to metals, and tokens to tokens"}, {"start": "00:37:04", "end": "00:37:08", "text": "directly in the app. If you prefer"}, {"start": "00:37:05", "end": "00:37:10", "text": "self-custody, Uphold's vault gives you"}, {"start": "00:37:08", "end": "00:37:12", "text": "multi-stick security, key recovery,"}, {"start": "00:37:10", "end": "00:37:14", "text": "direct trading access, and peace of mind"}, {"start": "00:37:12", "end": "00:37:16", "text": "without giving up convenience. Uphold is"}, {"start": "00:37:14", "end": "00:37:18", "text": "also 100% reserved, meaning no"}, {"start": "00:37:16", "end": "00:37:20", "text": "fractional practices, and proof of"}, {"start": "00:37:18", "end": "00:37:23", "text": "reserves are updated every 30 seconds,"}, {"start": "00:37:20", "end": "00:37:25", "text": "so you can verify your assets anytime."}, {"start": "00:37:23", "end": "00:37:27", "text": "For US users, you can even earn yield on"}, {"start": "00:37:25", "end": "00:37:29", "text": "dollars with the USD interest account."}, {"start": "00:37:27", "end": "00:37:32", "text": "No fees, no minimums, and funds are"}, {"start": "00:37:29", "end": "00:37:35", "text": "insured up to $2.5 million through the"}, {"start": "00:37:32", "end": "00:37:37", "text": "Atomic Cash Suite program. If you want"}, {"start": "00:37:35", "end": "00:37:39", "text": "one app for your entire digital asset"}, {"start": "00:37:37", "end": "00:37:43", "text": "life, check out Uphold today. Go to upph"}, {"start": "00:37:39", "end": "00:37:46", "text": "uphold.com to learn more. Uphold.com. Go"}, {"start": "00:37:43", "end": "00:37:47", "text": "check them out today. I do think that a"}, {"start": "00:37:46", "end": "00:37:49", "text": "lot of people get confused when it's"}, {"start": "00:37:47", "end": "00:37:51", "text": "like Bitcoin can go up because of"}, {"start": "00:37:49", "end": "00:37:53", "text": "inflation. Bitcoin can also be valuable"}, {"start": "00:37:51", "end": "00:37:54", "text": "if there's deflation from AI. And one of"}, {"start": "00:37:53", "end": "00:37:55", "text": "the things that's helped me is"}, {"start": "00:37:54", "end": "00:37:57", "text": "understanding like there's different"}, {"start": "00:37:55", "end": "00:38:00", "text": "people who buy Bitcoin for different"}, {"start": "00:37:57", "end": "00:38:02", "text": "reasons. Some investors are very focused"}, {"start": "00:38:00", "end": "00:38:04", "text": "on global liquidity. other investors are"}, {"start": "00:38:02", "end": "00:38:06", "text": "very focused on digital disruption and"}, {"start": "00:38:04", "end": "00:38:08", "text": "two things can be true at the same time."}, {"start": "00:38:06", "end": "00:38:09", "text": "Can you elaborate a little bit on how"}, {"start": "00:38:08", "end": "00:38:13", "text": "you think about those different groups"}, {"start": "00:38:09", "end": "00:38:15", "text": "and why it seems like Bitcoin can win in"}, {"start": "00:38:13", "end": "00:38:16", "text": "two different environments?"}, {"start": "00:38:15", "end": "00:38:18", "text": ">> Well, the common thread between them,"}, {"start": "00:38:16", "end": "00:38:20", "text": "and I say this all the time, the one"}, {"start": "00:38:18", "end": "00:38:22", "text": "thing I know with all human beings on"}, {"start": "00:38:20", "end": "00:38:25", "text": "the planet, no matter where they live,"}, {"start": "00:38:22", "end": "00:38:29", "text": "which is the same, they all have um some"}, {"start": "00:38:25", "end": "00:38:32", "text": "form of greed. Uh I think in the face of"}, {"start": "00:38:29", "end": "00:38:34", "text": "people hiding their money or protecting"}, {"start": "00:38:32", "end": "00:38:38", "text": "against devaluation that may not sound"}, {"start": "00:38:34", "end": "00:38:39", "text": "like greed to people but it is if you"}, {"start": "00:38:38", "end": "00:38:41", "text": "can put your money in something that's"}, {"start": "00:38:39", "end": "00:38:43", "text": "keeping its value then everything else"}, {"start": "00:38:41", "end": "00:38:45", "text": "is going down in value. So it's a"}, {"start": "00:38:43", "end": "00:38:46", "text": "reverse side of greed but I think more"}, {"start": "00:38:45", "end": "00:38:49", "text": "and more people have to think about"}, {"start": "00:38:46", "end": "00:38:51", "text": "devaluing currencies"}, {"start": "00:38:49", "end": "00:38:53", "text": "in a world where okay we need that. On"}, {"start": "00:38:51", "end": "00:38:56", "text": "the flip side, I think in the US in"}, {"start": "00:38:53", "end": "00:38:57", "text": "particular and really around the globe,"}, {"start": "00:38:56", "end": "00:38:59", "text": "the acceptance of Bitcoin, and I asked"}, {"start": "00:38:57", "end": "00:39:01", "text": "you about this, you know, a few episodes"}, {"start": "00:38:59", "end": "00:39:03", "text": "ago, just to talk about the difference,"}, {"start": "00:39:01", "end": "00:39:05", "text": "the way people perceive Bitcoin from the"}, {"start": "00:39:03", "end": "00:39:07", "text": "institutional side today from where it"}, {"start": "00:39:05", "end": "00:39:09", "text": "was 3 years ago or even six years ago"}, {"start": "00:39:07", "end": "00:39:10", "text": "when you would get thrown out of offices"}, {"start": "00:39:09", "end": "00:39:13", "text": "immediately when you walked in to talk"}, {"start": "00:39:10", "end": "00:39:15", "text": "about it. Well, just like Bitcoin has"}, {"start": "00:39:13", "end": "00:39:16", "text": "matured, so is Anthony Pompiano. He's"}, {"start": "00:39:15", "end": "00:39:18", "text": "older. He's more mature. He's more"}, {"start": "00:39:16", "end": "00:39:20", "text": "involved in the business world. He's got"}, {"start": "00:39:18", "end": "00:39:21", "text": "a tie on every day."}, {"start": "00:39:20", "end": "00:39:24", "text": "There's no hoodies. There's no anything."}, {"start": "00:39:21", "end": "00:39:27", "text": "So, you've actually uh gone with Bitcoin"}, {"start": "00:39:24", "end": "00:39:28", "text": "at the exact same time. I just think"}, {"start": "00:39:27", "end": "00:39:30", "text": "we're at a different stance. And when we"}, {"start": "00:39:28", "end": "00:39:32", "text": "get through it, the reason I have my"}, {"start": "00:39:30", "end": "00:39:34", "text": "stepfather with an allocation in it, and"}, {"start": "00:39:32", "end": "00:39:35", "text": "I've told him, I just don't think growth"}, {"start": "00:39:34", "end": "00:39:37", "text": "assets are where you want to be ever"}, {"start": "00:39:35", "end": "00:39:39", "text": "again because of AI."}, {"start": "00:39:37", "end": "00:39:40", "text": "People still need to make returns,"}, {"start": "00:39:39", "end": "00:39:42", "text": "particularly if they're going to live"}, {"start": "00:39:40", "end": "00:39:44", "text": "longer from AI. And that gets back into"}, {"start": "00:39:42", "end": "00:39:46", "text": "the longevity side. And you need to"}, {"start": "00:39:44", "end": "00:39:49", "text": "produce returns over the course of the"}, {"start": "00:39:46", "end": "00:39:51", "text": "next decade. What'll happen is when"}, {"start": "00:39:49", "end": "00:39:52", "text": "Bitcoin does trade higher, and this is"}, {"start": "00:39:51", "end": "00:39:54", "text": "the thing people should go, I've"}, {"start": "00:39:52", "end": "00:39:56", "text": "believed this. I still believe it. We"}, {"start": "00:39:54", "end": "00:39:58", "text": "are now in a vacuum where there are"}, {"start": "00:39:56", "end": "00:40:00", "text": "almost no assets built on code that are"}, {"start": "00:39:58", "end": "00:40:03", "text": "going higher. Almost none. Not the"}, {"start": "00:40:00", "end": "00:40:05", "text": "hyperscalers, not the software names."}, {"start": "00:40:03", "end": "00:40:06", "text": "The only names going higher are"}, {"start": "00:40:05", "end": "00:40:08", "text": "semiconductor names, which quote unquote"}, {"start": "00:40:06", "end": "00:40:10", "text": "are cyclical, meaning at some point"}, {"start": "00:40:08", "end": "00:40:12", "text": "we'll have enough compute. I don't think"}, {"start": "00:40:10", "end": "00:40:13", "text": "it's going to happen for a while, but at"}, {"start": "00:40:12", "end": "00:40:15", "text": "some point we will. At some point we'll"}, {"start": "00:40:13", "end": "00:40:17", "text": "come up with efficiency gains. at some"}, {"start": "00:40:15", "end": "00:40:19", "text": "point we'll come up with cures for"}, {"start": "00:40:17", "end": "00:40:20", "text": "everything related to energy and"}, {"start": "00:40:19", "end": "00:40:23", "text": "everything related to commodities. We'll"}, {"start": "00:40:20", "end": "00:40:24", "text": "have humanoids. The only thing that I"}, {"start": "00:40:23", "end": "00:40:26", "text": "can say with certainty is people are"}, {"start": "00:40:24", "end": "00:40:28", "text": "still going to need to in their mind"}, {"start": "00:40:26", "end": "00:40:29", "text": "make more money in the course of the"}, {"start": "00:40:28", "end": "00:40:32", "text": "next 5 years. And I think once Bitcoin"}, {"start": "00:40:29", "end": "00:40:34", "text": "trades higher this time, this is the"}, {"start": "00:40:32", "end": "00:40:36", "text": "move that to me is about AI disruption."}, {"start": "00:40:34", "end": "00:40:38", "text": "It is the reverse of what's happening to"}, {"start": "00:40:36", "end": "00:40:40", "text": "software. So I always let the market"}, {"start": "00:40:38", "end": "00:40:42", "text": "tell me. I can sit here with you guys"}, {"start": "00:40:40", "end": "00:40:44", "text": "and say that I made X right and I made X"}, {"start": "00:40:42", "end": "00:40:45", "text": "wrong. So, I've been right on most of"}, {"start": "00:40:44", "end": "00:40:47", "text": "the commodity names, the power names,"}, {"start": "00:40:45", "end": "00:40:48", "text": "the semi-names, and now I've been wrong"}, {"start": "00:40:47", "end": "00:40:50", "text": "on Palunteer. I've been wrong on"}, {"start": "00:40:48", "end": "00:40:52", "text": "Bitcoin. I still think those two are"}, {"start": "00:40:50", "end": "00:40:54", "text": "going to do well. But when Bitcoin"}, {"start": "00:40:52", "end": "00:40:55", "text": "breaks away from software, you have to"}, {"start": "00:40:54", "end": "00:40:57", "text": "pay attention. That is the thing I've"}, {"start": "00:40:55", "end": "00:40:59", "text": "learned about is let the market tell me"}, {"start": "00:40:57", "end": "00:41:01", "text": "when something different is going on,"}, {"start": "00:40:59", "end": "00:41:04", "text": "the world is absolutely more unstable"}, {"start": "00:41:01", "end": "00:41:05", "text": "than it was February 27th. There is no"}, {"start": "00:41:04", "end": "00:41:07", "text": "question about that. We have less"}, {"start": "00:41:05", "end": "00:41:09", "text": "certainty. We're going to have energy"}, {"start": "00:41:07", "end": "00:41:10", "text": "hoarding around the globe. We need to"}, {"start": "00:41:09", "end": "00:41:12", "text": "figure out ways to solve the problem and"}, {"start": "00:41:10", "end": "00:41:14", "text": "not be dependent on the rest of the"}, {"start": "00:41:12", "end": "00:41:16", "text": "world. I just think Bitcoin right now"}, {"start": "00:41:14", "end": "00:41:18", "text": "you have to watch it and if we start to"}, {"start": "00:41:16", "end": "00:41:20", "text": "trade higher and I'll give everyone a"}, {"start": "00:41:18", "end": "00:41:24", "text": "level. If we trade above 76,000 and at"}, {"start": "00:41:20", "end": "00:41:25", "text": "the same time we see Ethereum above 2400"}, {"start": "00:41:24", "end": "00:41:28", "text": "I believe that is the beginning of a"}, {"start": "00:41:25", "end": "00:41:29", "text": "move that will be sustainable this year"}, {"start": "00:41:28", "end": "00:41:31", "text": "because I don't think we're going to"}, {"start": "00:41:29", "end": "00:41:33", "text": "have a recession. I think inflation is"}, {"start": "00:41:31", "end": "00:41:34", "text": "going to stay elevated and I think"}, {"start": "00:41:33", "end": "00:41:35", "text": "people are going to need to find"}, {"start": "00:41:34", "end": "00:41:37", "text": "something that is making money in a"}, {"start": "00:41:35", "end": "00:41:38", "text": "world where the S&P is not moving"}, {"start": "00:41:37", "end": "00:41:41", "text": "anywhere."}, {"start": "00:41:38", "end": "00:41:44", "text": ">> Bitcoin's volatility used to be 80 90"}, {"start": "00:41:41", "end": "00:41:47", "text": "volt. uh a couple years ago it is now"}, {"start": "00:41:44", "end": "00:41:49", "text": "compressed to like 3540ish."}, {"start": "00:41:47", "end": "00:41:52", "text": "Um Bitcoin drew down 50% instead of"}, {"start": "00:41:49", "end": "00:41:53", "text": "drawing down you know 85%. Uh I think"}, {"start": "00:41:52", "end": "00:41:55", "text": "there's some people who say well if"}, {"start": "00:41:53", "end": "00:41:57", "text": "volatility got cut in half and the bare"}, {"start": "00:41:55", "end": "00:41:59", "text": "market got cut in half then that kind of"}, {"start": "00:41:57", "end": "00:42:01", "text": "makes sense in terms of the draw down."}, {"start": "00:41:59", "end": "00:42:04", "text": "What I'm maybe more interested in is"}, {"start": "00:42:01", "end": "00:42:06", "text": "usually those bare markets were 18"}, {"start": "00:42:04", "end": "00:42:08", "text": "months maybe you know 12 plus months. If"}, {"start": "00:42:06", "end": "00:42:11", "text": "you look at, you know, 2021, we peaked"}, {"start": "00:42:08", "end": "00:42:13", "text": "in November. 2022, November was the"}, {"start": "00:42:11", "end": "00:42:16", "text": "bottom of the capitulation. So, kind of"}, {"start": "00:42:13", "end": "00:42:19", "text": "a full 12 months. We are now about 6"}, {"start": "00:42:16", "end": "00:42:21", "text": "months from the peak of Bitcoin, give or"}, {"start": "00:42:19", "end": "00:42:23", "text": "take a couple of weeks. Should we think"}, {"start": "00:42:21", "end": "00:42:26", "text": "of these bare markets as also from a"}, {"start": "00:42:23", "end": "00:42:28", "text": "timeline being shorter as well? If you"}, {"start": "00:42:26", "end": "00:42:31", "text": "get compression of volatility, do"}, {"start": "00:42:28", "end": "00:42:31", "text": "timelines kind of accelerate?"}, {"start": "00:42:32", "end": "00:42:37", "text": ">> Yes and no. Um, again, I I I"}, {"start": "00:42:36", "end": "00:42:39", "text": "mean, I hate to bring this back to"}, {"start": "00:42:37", "end": "00:42:42", "text": "software, but when you have a chart that"}, {"start": "00:42:39", "end": "00:42:44", "text": "is a direct overlay for five years,"}, {"start": "00:42:42", "end": "00:42:48", "text": "meaning the movement in software was the"}, {"start": "00:42:44", "end": "00:42:51", "text": "same as the movement in Bitcoin, I"}, {"start": "00:42:48", "end": "00:42:53", "text": "I I think what we're going to have is"}, {"start": "00:42:51", "end": "00:42:55", "text": "rather than call them bare markets and"}, {"start": "00:42:53", "end": "00:42:57", "text": "just like get in this, I'm never been a"}, {"start": "00:42:55", "end": "00:42:59", "text": "big fan of this bare market bull market"}, {"start": "00:42:57", "end": "00:43:01", "text": "thing, especially when we're at all-time"}, {"start": "00:42:59", "end": "00:43:04", "text": "highs. like at some point in there it"}, {"start": "00:43:01", "end": "00:43:06", "text": "just seems like okay they go up and then"}, {"start": "00:43:04", "end": "00:43:08", "text": "the normal course is at some point uh"}, {"start": "00:43:06", "end": "00:43:09", "text": "people don't invest as much as they"}, {"start": "00:43:08", "end": "00:43:11", "text": "have. I do think people have given up on"}, {"start": "00:43:09", "end": "00:43:13", "text": "Bitcoin in terms of the people I listen"}, {"start": "00:43:11", "end": "00:43:15", "text": "to on most podcasts. It's very hard."}, {"start": "00:43:13", "end": "00:43:18", "text": "People are just so frustrated to to go"}, {"start": "00:43:15", "end": "00:43:19", "text": "through. Um there's a psychological part"}, {"start": "00:43:18", "end": "00:43:21", "text": "that takes time. I do think when you're"}, {"start": "00:43:19", "end": "00:43:24", "text": "at a 30 or four V that is a big"}, {"start": "00:43:21", "end": "00:43:25", "text": "difference from 80 or 90. So you are"}, {"start": "00:43:24", "end": "00:43:27", "text": "talking about a world that time"}, {"start": "00:43:25", "end": "00:43:28", "text": "compresses as well. Uh, I think when"}, {"start": "00:43:27", "end": "00:43:30", "text": "things move, they're going to move"}, {"start": "00:43:28", "end": "00:43:32", "text": "faster than they've ever moved. That's"}, {"start": "00:43:30", "end": "00:43:34", "text": "what we've seen with software. When they"}, {"start": "00:43:32", "end": "00:43:36", "text": "fall, they don't fall a little bit, they"}, {"start": "00:43:34", "end": "00:43:39", "text": "fall 10 to 20%. I mean, it goes very,"}, {"start": "00:43:36", "end": "00:43:41", "text": "very quickly. And so, I think that is a"}, {"start": "00:43:39", "end": "00:43:43", "text": "trapdoor feeling. There's just I just"}, {"start": "00:43:41", "end": "00:43:45", "text": "don't think in a world of uncertainty"}, {"start": "00:43:43", "end": "00:43:46", "text": "around AI, people know what to do. And"}, {"start": "00:43:45", "end": "00:43:48", "text": "so, it doesn't take much. We're getting"}, {"start": "00:43:46", "end": "00:43:49", "text": "into earnings, which we haven't talked"}, {"start": "00:43:48", "end": "00:43:51", "text": "about. Those are going to start next"}, {"start": "00:43:49", "end": "00:43:53", "text": "week. When we start getting into the"}, {"start": "00:43:51", "end": "00:43:55", "text": "software companies, one of the most"}, {"start": "00:43:53", "end": "00:43:56", "text": "dangerous things is I think people are"}, {"start": "00:43:55", "end": "00:43:58", "text": "like, well, when we get into the"}, {"start": "00:43:56", "end": "00:44:01", "text": "earnings, then finally software will be"}, {"start": "00:43:58", "end": "00:44:04", "text": "done. When stocks don't go up on good"}, {"start": "00:44:01", "end": "00:44:06", "text": "news, which is what's happened with um"}, {"start": "00:44:04", "end": "00:44:09", "text": "the software names, cuz their earnings"}, {"start": "00:44:06", "end": "00:44:11", "text": "have been good. The question is when"}, {"start": "00:44:09", "end": "00:44:13", "text": "they show any signs of AI showing up in"}, {"start": "00:44:11", "end": "00:44:14", "text": "their numbers,"}, {"start": "00:44:13", "end": "00:44:18", "text": "that means they're going to get"}, {"start": "00:44:14", "end": "00:44:20", "text": "pummeled. if somehow or another they can"}, {"start": "00:44:18", "end": "00:44:23", "text": "actually go up on bad news then that"}, {"start": "00:44:20", "end": "00:44:25", "text": "would mean that we've hit kind of a you"}, {"start": "00:44:23", "end": "00:44:27", "text": "know a static point. I just don't think"}, {"start": "00:44:25", "end": "00:44:30", "text": "that's going to happen because I think"}, {"start": "00:44:27", "end": "00:44:32", "text": "people still you know and and again most"}, {"start": "00:44:30", "end": "00:44:34", "text": "people that have software in their ETFs"}, {"start": "00:44:32", "end": "00:44:37", "text": "they're out there saying this is an"}, {"start": "00:44:34", "end": "00:44:38", "text": "overreaction. I think there's too many"}, {"start": "00:44:37", "end": "00:44:42", "text": "people that are hoping that this is an"}, {"start": "00:44:38", "end": "00:44:43", "text": "overreaction. I don't think it is. The"}, {"start": "00:44:42", "end": "00:44:46", "text": "IRGC"}, {"start": "00:44:43", "end": "00:44:50", "text": "is reportedly, you know, the Iran, uh,"}, {"start": "00:44:46", "end": "00:44:51", "text": "reportedly asking to get paid a toll of"}, {"start": "00:44:50", "end": "00:44:53", "text": "$1 per barrel of oil. It goes through"}, {"start": "00:44:51", "end": "00:44:54", "text": "the straight and they want to get paid"}, {"start": "00:44:53", "end": "00:44:56", "text": "in Bitcoin according to the Financial"}, {"start": "00:44:54", "end": "00:44:57", "text": "Times. I do not know if that's true or"}, {"start": "00:44:56", "end": "00:45:00", "text": "not, but if it is true, what are the"}, {"start": "00:44:57", "end": "00:45:01", "text": "ramifications?"}, {"start": "00:45:00", "end": "00:45:03", "text": "Again, I think it's just another sign"}, {"start": "00:45:01", "end": "00:45:06", "text": "that in this world that we're going"}, {"start": "00:45:03", "end": "00:45:08", "text": "into, uh, the dollar is not being"}, {"start": "00:45:06", "end": "00:45:10", "text": "thought of in the same way that it was,"}, {"start": "00:45:08", "end": "00:45:12", "text": "and people don't want to be, uh,"}, {"start": "00:45:10", "end": "00:45:14", "text": "connected to the dollar. It doesn't have"}, {"start": "00:45:12", "end": "00:45:16", "text": "the same meaning that it did. You can't"}, {"start": "00:45:14", "end": "00:45:19", "text": "separate, okay, I'm going to make a"}, {"start": "00:45:16", "end": "00:45:22", "text": "speech and say NATO's done."}, {"start": "00:45:19", "end": "00:45:24", "text": "You can't say that when Taiwan is"}, {"start": "00:45:22", "end": "00:45:27", "text": "dependent on the US protecting them"}, {"start": "00:45:24", "end": "00:45:30", "text": "against China and then you have a leader"}, {"start": "00:45:27", "end": "00:45:33", "text": "in Taiwan that's running and is going to"}, {"start": "00:45:30", "end": "00:45:35", "text": "visit China. Part of that reason is the"}, {"start": "00:45:33", "end": "00:45:37", "text": "fact that hey people of the world forget"}, {"start": "00:45:35", "end": "00:45:39", "text": "the politicians who are just doing"}, {"start": "00:45:37", "end": "00:45:41", "text": "things that is a representation of how"}, {"start": "00:45:39", "end": "00:45:44", "text": "the politics of the world are changing"}, {"start": "00:45:41", "end": "00:45:46", "text": "that people don't see the US the same"}, {"start": "00:45:44", "end": "00:45:47", "text": "way they did. And whether or not you"}, {"start": "00:45:46", "end": "00:45:49", "text": "know people watching this want to hear"}, {"start": "00:45:47", "end": "00:45:51", "text": "that that's just the reality of the way"}, {"start": "00:45:49", "end": "00:45:54", "text": "the masses are thinking and I think the"}, {"start": "00:45:51", "end": "00:45:56", "text": "Bitcoin sign shows two things. One it is"}, {"start": "00:45:54", "end": "00:45:58", "text": "a representation of the dollar. I think"}, {"start": "00:45:56", "end": "00:46:00", "text": "if the dollar is weakening which would"}, {"start": "00:45:58", "end": "00:46:01", "text": "absolutely be the case if inflation's at"}, {"start": "00:46:00", "end": "00:46:03", "text": "higher levels and you have most"}, {"start": "00:46:01", "end": "00:46:05", "text": "countries around the world raising rates"}, {"start": "00:46:03", "end": "00:46:07", "text": "and at the same time the dollar is is is"}, {"start": "00:46:05", "end": "00:46:08", "text": "falling. If the dollar is falling I"}, {"start": "00:46:07", "end": "00:46:11", "text": "think it's a representation of Bitcoin"}, {"start": "00:46:08", "end": "00:46:13", "text": "being accepted again as this neutral"}, {"start": "00:46:11", "end": "00:46:15", "text": "place rather than a reserve currency"}, {"start": "00:46:13", "end": "00:46:18", "text": "status. I just think it's being viewed"}, {"start": "00:46:15", "end": "00:46:20", "text": "as a neutral situation. In the same way,"}, {"start": "00:46:18", "end": "00:46:23", "text": "they also said they would take payment"}, {"start": "00:46:20", "end": "00:46:25", "text": "in yuan. So, it's not like they're"}, {"start": "00:46:23", "end": "00:46:26", "text": "exclusively saying Bitcoin. Again, I"}, {"start": "00:46:25", "end": "00:46:29", "text": "think it's just a representation of how"}, {"start": "00:46:26", "end": "00:46:32", "text": "do we not get trapped in this situation"}, {"start": "00:46:29", "end": "00:46:34", "text": "of the US can do whatever it wants and"}, {"start": "00:46:32", "end": "00:46:36", "text": "are we going to be thought of as a"}, {"start": "00:46:34", "end": "00:46:39", "text": "group? And I I I just think it's changed"}, {"start": "00:46:36", "end": "00:46:41", "text": "over the course of the last six weeks."}, {"start": "00:46:39", "end": "00:46:44", "text": "Is there anything that you are looking"}, {"start": "00:46:41", "end": "00:46:45", "text": "at um that would change your mind in"}, {"start": "00:46:44", "end": "00:46:48", "text": "terms of your current view of the"}, {"start": "00:46:45", "end": "00:46:51", "text": "scarcity with AI, Bitcoin? Like is there"}, {"start": "00:46:48", "end": "00:46:53", "text": "a a data point, a development, uh"}, {"start": "00:46:51", "end": "00:46:54", "text": "government announcement, anything that"}, {"start": "00:46:53", "end": "00:46:56", "text": "you think would be the the trigger point"}, {"start": "00:46:54", "end": "00:46:58", "text": "where you would say, \"Hey, you know, I I"}, {"start": "00:46:56", "end": "00:47:00", "text": "think I need to evolve here.\""}, {"start": "00:46:58", "end": "00:47:04", "text": ">> Yep. 100%. Simplest thing I can possibly"}, {"start": "00:47:00", "end": "00:47:06", "text": "say. If I start running into people that"}, {"start": "00:47:04", "end": "00:47:09", "text": "are using AI every day, I'll start to"}, {"start": "00:47:06", "end": "00:47:10", "text": "change my view. I think the biggest"}, {"start": "00:47:09", "end": "00:47:14", "text": "problem is from a sentiment basis and"}, {"start": "00:47:10", "end": "00:47:16", "text": "the simplest thing I can say"}, {"start": "00:47:14", "end": "00:47:18", "text": "nobody who talks about artificial"}, {"start": "00:47:16", "end": "00:47:21", "text": "intelligence"}, {"start": "00:47:18", "end": "00:47:23", "text": "has an intelligent thing to say about it"}, {"start": "00:47:21", "end": "00:47:26", "text": "if they're not using it every day. To"}, {"start": "00:47:23", "end": "00:47:28", "text": "use it every day just I mean think about"}, {"start": "00:47:26", "end": "00:47:31", "text": "your situation. It changes so much on a"}, {"start": "00:47:28", "end": "00:47:34", "text": "daily basis. I'm blown away every day on"}, {"start": "00:47:31", "end": "00:47:37", "text": "something I'm able to do with it. And I"}, {"start": "00:47:34", "end": "00:47:39", "text": "say that with just honesty. I I don't"}, {"start": "00:47:37", "end": "00:47:40", "text": "think your kids, if you're watching, can"}, {"start": "00:47:39", "end": "00:47:43", "text": "possibly be prepared for the world"}, {"start": "00:47:40", "end": "00:47:45", "text": "without using it every single day. And"}, {"start": "00:47:43", "end": "00:47:47", "text": "the schools don't want them to use it"}, {"start": "00:47:45", "end": "00:47:49", "text": "still at this point. So, if you're not"}, {"start": "00:47:47", "end": "00:47:51", "text": "using it, if you're trapped at a company"}, {"start": "00:47:49", "end": "00:47:53", "text": "that doesn't allow you to use it, that's"}, {"start": "00:47:51", "end": "00:47:55", "text": "not an excuse. So, I think this is one"}, {"start": "00:47:53", "end": "00:47:57", "text": "of those unique situations where, as I"}, {"start": "00:47:55", "end": "00:47:59", "text": "say, I always give credit to my father"}, {"start": "00:47:57", "end": "00:48:01", "text": "for this. Investing is not a game of"}, {"start": "00:47:59", "end": "00:48:03", "text": "being right. It's about trying to find"}, {"start": "00:48:01", "end": "00:48:05", "text": "situations where the riskreward are"}, {"start": "00:48:03", "end": "00:48:06", "text": "positive in your favor and you believe"}, {"start": "00:48:05", "end": "00:48:09", "text": "you're going to make a lot of money"}, {"start": "00:48:06", "end": "00:48:12", "text": "relative to the risk. Well, the number"}, {"start": "00:48:09", "end": "00:48:14", "text": "one driver of the odds on that are how"}, {"start": "00:48:12", "end": "00:48:16", "text": "crowded the situation is on your"}, {"start": "00:48:14", "end": "00:48:19", "text": "viewpoint. And if people aren't using AI"}, {"start": "00:48:16", "end": "00:48:21", "text": "every day, they really I I mean they"}, {"start": "00:48:19", "end": "00:48:23", "text": "make sure that the odds are in the favor"}, {"start": "00:48:21", "end": "00:48:24", "text": "of people buying semiconductors, buying"}, {"start": "00:48:23", "end": "00:48:26", "text": "energy, buying all this stuff because"}, {"start": "00:48:24", "end": "00:48:28", "text": "remember it was only 6 months ago that"}, {"start": "00:48:26", "end": "00:48:30", "text": "people were absolutely publishing that"}, {"start": "00:48:28", "end": "00:48:33", "text": "this was a bubble and they would never"}, {"start": "00:48:30", "end": "00:48:35", "text": "ever ever be able to build this much. So"}, {"start": "00:48:33", "end": "00:48:38", "text": "I just don't think that this is going to"}, {"start": "00:48:35", "end": "00:48:39", "text": "be a situation where unless that changes"}, {"start": "00:48:38", "end": "00:48:41", "text": "the odds are going to remain in the"}, {"start": "00:48:39", "end": "00:48:43", "text": "favor. So, for everyone listening, just"}, {"start": "00:48:41", "end": "00:48:45", "text": "remember um Anthony asked a good"}, {"start": "00:48:43", "end": "00:48:47", "text": "question. The earnings are in your"}, {"start": "00:48:45", "end": "00:48:49", "text": "favor. All the stuff is in there. The"}, {"start": "00:48:47", "end": "00:48:51", "text": "thing that's not in your favor is that"}, {"start": "00:48:49", "end": "00:48:54", "text": "people don't use AI. So, I don't think"}, {"start": "00:48:51", "end": "00:48:55", "text": "they have any idea about what Mythos is"}, {"start": "00:48:54", "end": "00:48:57", "text": "at this point."}, {"start": "00:48:55", "end": "00:48:58", "text": ">> And when you're talking about use AI,"}, {"start": "00:48:57", "end": "00:48:59", "text": "just before all the trolls in the"}, {"start": "00:48:58", "end": "00:49:01", "text": "comments, you're not talking about using"}, {"start": "00:48:59", "end": "00:49:04", "text": "it as a chatbot. You're talking about"}, {"start": "00:49:01", "end": "00:49:06", "text": "using it agentically, CLIs, and the"}, {"start": "00:49:04", "end": "00:49:08", "text": "actual like underlying technology, not"}, {"start": "00:49:06", "end": "00:49:10", "text": "the chat bots. Correct."}, {"start": "00:49:08", "end": "00:49:13", "text": "building stuff, any anything that you"}, {"start": "00:49:10", "end": "00:49:15", "text": "want to build. Again, if you want to"}, {"start": "00:49:13", "end": "00:49:16", "text": "play fantasy football, I mean, we we'll"}, {"start": "00:49:15", "end": "00:49:18", "text": "get into a point somewhere in the"}, {"start": "00:49:16", "end": "00:49:19", "text": "summertime what I think people should be"}, {"start": "00:49:18", "end": "00:49:21", "text": "doing if this is something and I know a"}, {"start": "00:49:19", "end": "00:49:23", "text": "lot of people spend time on this. I"}, {"start": "00:49:21", "end": "00:49:25", "text": "don't at all anymore. Uh, but if I was"}, {"start": "00:49:23", "end": "00:49:27", "text": "going to basically be in a fantasy"}, {"start": "00:49:25", "end": "00:49:28", "text": "football league, I would already be out"}, {"start": "00:49:27", "end": "00:49:30", "text": "there doing all the work on all the"}, {"start": "00:49:28", "end": "00:49:32", "text": "analytics and connecting it using"}, {"start": "00:49:30", "end": "00:49:34", "text": "Perplexity computer, getting an API key"}, {"start": "00:49:32", "end": "00:49:36", "text": "for whatever data sources you have and"}, {"start": "00:49:34", "end": "00:49:37", "text": "connecting it to it and say, \"Let's go"}, {"start": "00:49:36", "end": "00:49:39", "text": "through and figure out our draft for"}, {"start": "00:49:37", "end": "00:49:41", "text": "this year based on last year's data and"}, {"start": "00:49:39", "end": "00:49:43", "text": "then incorporate the new news that comes"}, {"start": "00:49:41", "end": "00:49:44", "text": "in just to show that you're building"}, {"start": "00:49:43", "end": "00:49:47", "text": "something in there.\" And when I use the"}, {"start": "00:49:44", "end": "00:49:49", "text": "when I say the the word nobody's using"}, {"start": "00:49:47", "end": "00:49:52", "text": "it out of a hundred people that I run"}, {"start": "00:49:49", "end": "00:49:55", "text": "into in conversations and again I'm in a"}, {"start": "00:49:52", "end": "00:49:57", "text": "very very um finite world for the most"}, {"start": "00:49:55", "end": "00:49:59", "text": "part in conversations I'm talking to"}, {"start": "00:49:57", "end": "00:50:00", "text": "institutional investors which for the"}, {"start": "00:49:59", "end": "00:50:03", "text": "most part went to the best schools in"}, {"start": "00:50:00", "end": "00:50:06", "text": "the country. They were for the most part"}, {"start": "00:50:03", "end": "00:50:08", "text": "the best students in the country. Uh"}, {"start": "00:50:06", "end": "00:50:10", "text": "they're not using Claude in the way that"}, {"start": "00:50:08", "end": "00:50:12", "text": "I would expect. So if I start to see"}, {"start": "00:50:10", "end": "00:50:15", "text": "that change and again there's been an"}, {"start": "00:50:12", "end": "00:50:17", "text": "uptick for sure but the uptick is about"}, {"start": "00:50:15", "end": "00:50:20", "text": "using it in some way which is they're"}, {"start": "00:50:17", "end": "00:50:21", "text": "making it more software like uh I think"}, {"start": "00:50:20", "end": "00:50:23", "text": "this is about building stuff and until"}, {"start": "00:50:21", "end": "00:50:25", "text": "people get there I just again I don't"}, {"start": "00:50:23", "end": "00:50:26", "text": "think enough people are using it to"}, {"start": "00:50:25", "end": "00:50:28", "text": "change the odds on the equation and"}, {"start": "00:50:26", "end": "00:50:29", "text": "that's why I say I think we're still in"}, {"start": "00:50:28", "end": "00:50:32", "text": "the first inning of the agent world."}, {"start": "00:50:29", "end": "00:50:34", "text": ">> I know you've been uh cooking up a great"}, {"start": "00:50:32", "end": "00:50:36", "text": "video for Sunday. You you got too many"}, {"start": "00:50:34", "end": "00:50:37", "text": "unique insights this week. So, what"}, {"start": "00:50:36", "end": "00:50:39", "text": "what's the video on Sunday going to be"}, {"start": "00:50:37", "end": "00:50:40", "text": "about?"}, {"start": "00:50:39", "end": "00:50:44", "text": ">> Uh, a lot of it is going to be showing"}, {"start": "00:50:40", "end": "00:50:45", "text": "people um where the inflation data was"}, {"start": "00:50:44", "end": "00:50:47", "text": "before we got into the war and the"}, {"start": "00:50:45", "end": "00:50:49", "text": "likelihood that it's going to be higher,"}, {"start": "00:50:47", "end": "00:50:52", "text": "the changes that have happened since the"}, {"start": "00:50:49", "end": "00:50:54", "text": "war. I'm going to reiterate the physical"}, {"start": "00:50:52", "end": "00:50:57", "text": "upgrade, the the scarcity side, and go"}, {"start": "00:50:54", "end": "00:50:59", "text": "through. Uh, I'll show people again my"}, {"start": "00:50:57", "end": "00:51:01", "text": "model portfolio and a lot of the"}, {"start": "00:50:59", "end": "00:51:03", "text": "subscribers that have gone on have been"}, {"start": "00:51:01", "end": "00:51:06", "text": "great. Uh, I'm continuing to up things"}, {"start": "00:51:03", "end": "00:51:08", "text": "on there. My goal was two things. Help"}, {"start": "00:51:06", "end": "00:51:10", "text": "people feel empowered by their ability"}, {"start": "00:51:08", "end": "00:51:12", "text": "to move their money into investments"}, {"start": "00:51:10", "end": "00:51:14", "text": "that they can make money on for traders"}, {"start": "00:51:12", "end": "00:51:16", "text": "to be able to find positions uh in names"}, {"start": "00:51:14", "end": "00:51:17", "text": "that are going to go higher to make sure"}, {"start": "00:51:16", "end": "00:51:20", "text": "they focus their attention on"}, {"start": "00:51:17", "end": "00:51:22", "text": "commodities extensively and support the"}, {"start": "00:51:20", "end": "00:51:23", "text": "video on the weekend. And even though"}, {"start": "00:51:22", "end": "00:51:25", "text": "some of the people can't afford to the"}, {"start": "00:51:23", "end": "00:51:27", "text": "subscriber, and I run into those people"}, {"start": "00:51:25", "end": "00:51:30", "text": "all the time in terms of uh chatting"}, {"start": "00:51:27", "end": "00:51:31", "text": "with them, the main reality is you're"}, {"start": "00:51:30", "end": "00:51:33", "text": "going to get a lot from the weekly"}, {"start": "00:51:31", "end": "00:51:35", "text": "videos if it's just staying up to speed"}, {"start": "00:51:33", "end": "00:51:36", "text": "on things. Uh you don't have to pay for"}, {"start": "00:51:35", "end": "00:51:38", "text": "the subscriber list, but for the"}, {"start": "00:51:36", "end": "00:51:40", "text": "subscriber list, you are getting"}, {"start": "00:51:38", "end": "00:51:41", "text": "thematic ideas, you're getting the"}, {"start": "00:51:40", "end": "00:51:43", "text": "names, you're getting the list, you're"}, {"start": "00:51:41", "end": "00:51:45", "text": "getting technical updates, and anything"}, {"start": "00:51:43", "end": "00:51:47", "text": "new that happens on the commodity, the"}, {"start": "00:51:45", "end": "00:51:49", "text": "semi side, the optical fiber side, or"}, {"start": "00:51:47", "end": "00:51:51", "text": "anything that pops out. I will cover"}, {"start": "00:51:49", "end": "00:51:53", "text": "some of the biotech side this week in"}, {"start": "00:51:51", "end": "00:51:54", "text": "terms of pharmaceuticals. There's just a"}, {"start": "00:51:53", "end": "00:51:56", "text": "variety of information that I'm trying"}, {"start": "00:51:54", "end": "00:51:57", "text": "to get out to people."}, {"start": "00:51:56", "end": "00:51:59", "text": ">> I'm uh I'm excited to watch. I watch"}, {"start": "00:51:57", "end": "00:52:00", "text": "every Sunday. And anyone who watches"}, {"start": "00:51:59", "end": "00:52:02", "text": "this, you should go say thank you to"}, {"start": "00:52:00", "end": "00:52:04", "text": "Jordy. You should go to his YouTube"}, {"start": "00:52:02", "end": "00:52:06", "text": "channel. Go to Jordy Visser YouTube on"}, {"start": "00:52:04", "end": "00:52:07", "text": "Google and uh hit the subscribe button."}, {"start": "00:52:06", "end": "00:52:09", "text": "That's like the thank you. You send him"}, {"start": "00:52:07", "end": "00:52:10", "text": "like a digital, you know, kiss every"}, {"start": "00:52:09", "end": "00:52:14", "text": "Sunday morning. So, he gets very"}, {"start": "00:52:10", "end": "00:52:15", "text": "excited. Um look, look at his reaction."}, {"start": "00:52:14", "end": "00:52:17", "text": "See?"}, {"start": "00:52:15", "end": "00:52:19", "text": ">> Yeah. And for people who want to go, if"}, {"start": "00:52:17", "end": "00:52:20", "text": "you've never seen the subscriber side,"}, {"start": "00:52:19", "end": "00:52:23", "text": "since uh the one thing I haven't done"}, {"start": "00:52:20", "end": "00:52:25", "text": "well is create a website yet for Visser"}, {"start": "00:52:23", "end": "00:52:28", "text": "Labs that directs people to all the"}, {"start": "00:52:25", "end": "00:52:30", "text": "places that I am, cuz I am everywhere"}, {"start": "00:52:28", "end": "00:52:33", "text": "all the time. Uh if you go to"}, {"start": "00:52:30", "end": "00:52:35", "text": "22viarch.com,"}, {"start": "00:52:33", "end": "00:52:38", "text": "um that's where my subscriber stuff is."}, {"start": "00:52:35", "end": "00:52:38", "text": "22vira.com."}, {"start": "00:52:39", "end": "00:52:42", "text": ">> Amazing, Jordy. Thank you. We'll do it"}, {"start": "00:52:41", "end": "00:52:43", "text": "again next Friday, Saturday."}, {"start": "00:52:42", "end": "00:52:44", "text": ">> Thanks, bud. I'll be back in New York"}, {"start": "00:52:43", "end": "00:52:48", "text": "next week."}, {"start": "00:52:44", "end": "00:52:48", "text": ">> Thanks, Jordy. We'll do next Saturday."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "If Bitcoin has no retail bent, Bitcoin"}, {"start": "00:00:02", "end": "00:00:05", "text": "is worthless. And I think that's what"}, {"start": "00:00:04", "end": "00:00:07", "text": "people don't understand, which is why I"}, {"start": "00:00:05", "end": "00:00:09", "text": "say, \"Fuck all these bills. Who cares?"}, {"start": "00:00:07", "end": "00:00:10", "text": "Just DK every single one of them. I hope"}, {"start": "00:00:09", "end": "00:00:12", "text": "Trump vetos every single one of them. We"}, {"start": "00:00:10", "end": "00:00:14", "text": "don't need it. We didn't need it in"}, {"start": "00:00:12", "end": "00:00:17", "text": "2009. We didn't need it in 2018. We"}, {"start": "00:00:14", "end": "00:00:18", "text": "certainly don't need it in 2026.\" What's"}, {"start": "00:00:17", "end": "00:00:20", "text": "going on, guys? Today, we got a great"}, {"start": "00:00:18", "end": "00:00:21", "text": "conversation with Arthur Hayes. He's the"}, {"start": "00:00:20", "end": "00:00:23", "text": "chief investment officer at Maelstrom."}, {"start": "00:00:21", "end": "00:00:24", "text": "And in this conversation, he's going to"}, {"start": "00:00:23", "end": "00:00:26", "text": "explain what's going on in the macro"}, {"start": "00:00:24", "end": "00:00:28", "text": "environment. How the Iran war is likely"}, {"start": "00:00:26", "end": "00:00:30", "text": "to impact inflation, deflation, gold,"}, {"start": "00:00:28", "end": "00:00:32", "text": "Bitcoin, and other assets in the"}, {"start": "00:00:30", "end": "00:00:33", "text": "traditional market. And then we get deep"}, {"start": "00:00:32", "end": "00:00:35", "text": "into some of the crypto stuff that he's"}, {"start": "00:00:33", "end": "00:00:37", "text": "really excited right now. Hyperlid,"}, {"start": "00:00:35", "end": "00:00:38", "text": "Zcash, prediction markets. And then"}, {"start": "00:00:37", "end": "00:00:40", "text": "Arthur tells us that he thinks that"}, {"start": "00:00:38", "end": "00:00:42", "text": "insider trading should be legal. And his"}, {"start": "00:00:40", "end": "00:00:43", "text": "explanation is going to blow your mind."}, {"start": "00:00:42", "end": "00:00:45", "text": "It's really going to make you think much"}, {"start": "00:00:43", "end": "00:00:46", "text": "more critically about what he's talking"}, {"start": "00:00:45", "end": "00:00:48", "text": "about and why he believes that. Here's"}, {"start": "00:00:46", "end": "00:00:50", "text": "my latest conversation with Arthur"}, {"start": "00:00:48", "end": "00:00:51", "text": "Hayes. All right, Arthur. Let's just"}, {"start": "00:00:50", "end": "00:00:53", "text": "start with the Iran war. Obviously, we"}, {"start": "00:00:51", "end": "00:00:54", "text": "keep going back and forth. The war's on,"}, {"start": "00:00:53", "end": "00:00:55", "text": "the war's off. We're going to have a"}, {"start": "00:00:54", "end": "00:00:57", "text": "ceasefire. We're not going to have a"}, {"start": "00:00:55", "end": "00:00:59", "text": "ceasefire. Oil spikes. Everyone's"}, {"start": "00:00:57", "end": "00:01:00", "text": "freaking out. What's your read on what's"}, {"start": "00:00:59", "end": "00:01:03", "text": "actually happening here? And should"}, {"start": "00:01:00", "end": "00:01:06", "text": "investors be worried?"}, {"start": "00:01:03", "end": "00:01:08", "text": ">> So, basically, I have a a chart up that"}, {"start": "00:01:06", "end": "00:01:11", "text": "I made on my on my Bloomberg, and it's"}, {"start": "00:01:08", "end": "00:01:15", "text": "um a spread between the first and the"}, {"start": "00:01:11", "end": "00:01:19", "text": "sixth contract um out in the future for"}, {"start": "00:01:15", "end": "00:01:21", "text": "WTI DI WTI oil futures prices, right?"}, {"start": "00:01:19", "end": "00:01:23", "text": "And so I want to know know the spread"}, {"start": "00:01:21", "end": "00:01:24", "text": "between the two. So obviously they"}, {"start": "00:01:23", "end": "00:01:27", "text": "pretty much track each other up until"}, {"start": "00:01:24", "end": "00:01:30", "text": "was it February 28th whenever uh the war"}, {"start": "00:01:27", "end": "00:01:32", "text": "started. Front month blows out to the"}, {"start": "00:01:30", "end": "00:01:35", "text": "upside because obviously we have this"}, {"start": "00:01:32", "end": "00:01:37", "text": "you know supply disruption shutins"}, {"start": "00:01:35", "end": "00:01:39", "text": "inability for lots of takers to get"}, {"start": "00:01:37", "end": "00:01:41", "text": "through the straight and obviously you"}, {"start": "00:01:39", "end": "00:01:44", "text": "know pretty much the spot price of oil"}, {"start": "00:01:41", "end": "00:01:46", "text": "is very expensive. But the back end,"}, {"start": "00:01:44", "end": "00:01:48", "text": "yes, it's gone up a bit, but it hasn't"}, {"start": "00:01:46", "end": "00:01:51", "text": "gone up nearly as much because I think"}, {"start": "00:01:48", "end": "00:01:53", "text": "the market assumes whether or not that's"}, {"start": "00:01:51", "end": "00:01:55", "text": "the right assumption or not that over"}, {"start": "00:01:53", "end": "00:01:58", "text": "the, you know, short to medium term"}, {"start": "00:01:55", "end": "00:02:00", "text": "something is going to some accommodation"}, {"start": "00:01:58", "end": "00:02:02", "text": "is going to be made and the oil will go"}, {"start": "00:02:00", "end": "00:02:04", "text": "through the straight, right? And so"}, {"start": "00:02:02", "end": "00:02:06", "text": "that's why this, you know, backend oil"}, {"start": "00:02:04", "end": "00:02:08", "text": "futures prices are not as nearly as high"}, {"start": "00:02:06", "end": "00:02:10", "text": "as the front end. And so this is the"}, {"start": "00:02:08", "end": "00:02:12", "text": "spread that I'm tracking. All that"}, {"start": "00:02:10", "end": "00:02:14", "text": "matters is will the oil go through this"}, {"start": "00:02:12", "end": "00:02:16", "text": "straight or not. It's very unfortunate"}, {"start": "00:02:14", "end": "00:02:18", "text": "that there's all these people dying in"}, {"start": "00:02:16", "end": "00:02:20", "text": "the Middle East. But I'm sure for most"}, {"start": "00:02:18", "end": "00:02:22", "text": "of your readers, they don't live there."}, {"start": "00:02:20", "end": "00:02:24", "text": "They have no family members there. They"}, {"start": "00:02:22", "end": "00:02:27", "text": "could give two [�__�] about what happens"}, {"start": "00:02:24", "end": "00:02:30", "text": "in the Middle East as long as gas price"}, {"start": "00:02:27", "end": "00:02:32", "text": "is not $6 a gallon. Right? So that's all"}, {"start": "00:02:30", "end": "00:02:34", "text": "that matters for the most majority of"}, {"start": "00:02:32", "end": "00:02:37", "text": "the people around this world is can I"}, {"start": "00:02:34", "end": "00:02:39", "text": "get on my flight? Is food cheap? Right?"}, {"start": "00:02:37", "end": "00:02:41", "text": "Can I go about my life in the way I was"}, {"start": "00:02:39", "end": "00:02:44", "text": "going about it before this conflict"}, {"start": "00:02:41", "end": "00:02:47", "text": "started? If the oil flows and there are"}, {"start": "00:02:44", "end": "00:02:48", "text": "still Israelis and Iranians and Lebanese"}, {"start": "00:02:47", "end": "00:02:51", "text": "and people all around the Middle East"}, {"start": "00:02:48", "end": "00:02:53", "text": "dying, nobody gives a flying [�__�] But"}, {"start": "00:02:51", "end": "00:02:55", "text": "if the oil is not flowing, we got a"}, {"start": "00:02:53", "end": "00:02:57", "text": "problem. And so that's why only chart"}, {"start": "00:02:55", "end": "00:02:59", "text": "that I look at, you know, for the Iran"}, {"start": "00:02:57", "end": "00:03:01", "text": "war is what is the spread between those"}, {"start": "00:02:59", "end": "00:03:03", "text": "two contracts. If back on oil prices"}, {"start": "00:03:01", "end": "00:03:05", "text": "start ratcheting higher, we know that,"}, {"start": "00:03:03", "end": "00:03:08", "text": "you know, oil is not going through the"}, {"start": "00:03:05", "end": "00:03:10", "text": "straight and whatever toll or however"}, {"start": "00:03:08", "end": "00:03:12", "text": "you got to pay the the Iranian generals"}, {"start": "00:03:10", "end": "00:03:13", "text": "to get your oil through the straight. If"}, {"start": "00:03:12", "end": "00:03:16", "text": "you can do it and the backend oil prices"}, {"start": "00:03:13", "end": "00:03:18", "text": "stay contained, we're okay. If that's"}, {"start": "00:03:16", "end": "00:03:19", "text": "not happening, then we got a bigger"}, {"start": "00:03:18", "end": "00:03:21", "text": "problem. And so that's how I, you know,"}, {"start": "00:03:19", "end": "00:03:23", "text": "frame the Iran war. This ceasefire,"}, {"start": "00:03:21", "end": "00:03:26", "text": "maybe it works, maybe it doesn't. But if"}, {"start": "00:03:23", "end": "00:03:28", "text": "the IRGC, if the generals say for"}, {"start": "00:03:26", "end": "00:03:29", "text": "whatever reason, it's working enough for"}, {"start": "00:03:28", "end": "00:03:31", "text": "them to keep the oil flowing through the"}, {"start": "00:03:29", "end": "00:03:34", "text": "street and it's working enough for the"}, {"start": "00:03:31", "end": "00:03:36", "text": "Trump administration to not essentially"}, {"start": "00:03:34", "end": "00:03:37", "text": "destroy a country of 90 million people"}, {"start": "00:03:36", "end": "00:03:39", "text": "with nuclear weapons or whatever the"}, {"start": "00:03:37", "end": "00:03:40", "text": "[�__�] they're they're going to do and"}, {"start": "00:03:39", "end": "00:03:42", "text": "deal with the push back from other"}, {"start": "00:03:40", "end": "00:03:44", "text": "nations. Like that's kind of [�__�] up"}, {"start": "00:03:42", "end": "00:03:46", "text": "what you did. Then the death and the"}, {"start": "00:03:44", "end": "00:03:48", "text": "destruction might continue in the Middle"}, {"start": "00:03:46", "end": "00:03:50", "text": "East and it doesn't [�__�] matter. Um,"}, {"start": "00:03:48", "end": "00:03:52", "text": "so I think that's how I sort of look at"}, {"start": "00:03:50", "end": "00:03:54", "text": "this Iran situation is look at the oil"}, {"start": "00:03:52", "end": "00:03:56", "text": "chart and look at that spread."}, {"start": "00:03:54", "end": "00:03:58", "text": ">> Do you put any weight on the fact that"}, {"start": "00:03:56", "end": "00:04:00", "text": "people say, \"Hey, the straight's closed,"}, {"start": "00:03:58", "end": "00:04:02", "text": "but then it looks like the transponders"}, {"start": "00:04:00", "end": "00:04:03", "text": "are being shut off. You know, the price"}, {"start": "00:04:02", "end": "00:04:05", "text": "like do you just look at price is"}, {"start": "00:04:03", "end": "00:04:07", "text": "actually the truth teller and all of the"}, {"start": "00:04:05", "end": "00:04:09", "text": "narrative and and what's actually closed"}, {"start": "00:04:07", "end": "00:04:10", "text": "and what's not and the Catroni uh"}, {"start": "00:04:09", "end": "00:04:12", "text": "analyst that's there at the straight"}, {"start": "00:04:10", "end": "00:04:13", "text": "taking a picture and like like all this"}, {"start": "00:04:12", "end": "00:04:15", "text": "craziness that goes on which is frankly"}, {"start": "00:04:13", "end": "00:04:17", "text": "like super entertaining, right? If"}, {"start": "00:04:15", "end": "00:04:20", "text": "you're just like a a this stuff,"}, {"start": "00:04:17", "end": "00:04:21", "text": ">> but is it just like the price ultimately"}, {"start": "00:04:20", "end": "00:04:23", "text": "is the truth teller whether the straight"}, {"start": "00:04:21", "end": "00:04:24", "text": "is open or not?"}, {"start": "00:04:23", "end": "00:04:26", "text": ">> It's the price because everything else"}, {"start": "00:04:24", "end": "00:04:28", "text": "is propaganda or it's anecdotal or we we"}, {"start": "00:04:26", "end": "00:04:29", "text": "can't verify. I mean, I read this at"}, {"start": "00:04:28", "end": "00:04:30", "text": "training piece. I'm a subscriber. I"}, {"start": "00:04:29", "end": "00:04:32", "text": "thought it was an excellent piece and"}, {"start": "00:04:30", "end": "00:04:33", "text": "again everything is nuanced. There is no"}, {"start": "00:04:32", "end": "00:04:36", "text": "black, there is no white, there is no"}, {"start": "00:04:33", "end": "00:04:38", "text": "open and there is no closed. It depends,"}, {"start": "00:04:36", "end": "00:04:40", "text": "right? And so it depends is a very"}, {"start": "00:04:38", "end": "00:04:42", "text": "difficult thing to handicap as an"}, {"start": "00:04:40", "end": "00:04:44", "text": "investor. So we always look for an"}, {"start": "00:04:42", "end": "00:04:46", "text": "objective measure that you know puts a"}, {"start": "00:04:44", "end": "00:04:48", "text": "price on it depends and that's the"}, {"start": "00:04:46", "end": "00:04:51", "text": "spread between you know front month and"}, {"start": "00:04:48", "end": "00:04:54", "text": "back month oil contracts. If you know if"}, {"start": "00:04:51", "end": "00:04:56", "text": "oil is flowing yeah you know the the"}, {"start": "00:04:54", "end": "00:04:58", "text": "news and the rhetoric can pop up at oil"}, {"start": "00:04:56", "end": "00:04:59", "text": "up and down depending on you know what"}, {"start": "00:04:58", "end": "00:05:01", "text": "side of the bed Trump wakes up on and"}, {"start": "00:04:59", "end": "00:05:04", "text": "what sort of trolling video the IRGC"}, {"start": "00:05:01", "end": "00:05:06", "text": "releases and that that price goes up and"}, {"start": "00:05:04", "end": "00:05:08", "text": "down, right? But is there actual oil"}, {"start": "00:05:06", "end": "00:05:11", "text": "going through this? Can I have can I"}, {"start": "00:05:08", "end": "00:05:13", "text": "sign a contract with a VLCC and I get my"}, {"start": "00:05:11", "end": "00:05:15", "text": "oil in however many in a month's time or"}, {"start": "00:05:13", "end": "00:05:17", "text": "I get my jet fuel or get my fertilizer"}, {"start": "00:05:15", "end": "00:05:18", "text": "or whatever it is, right? And if that is"}, {"start": "00:05:17", "end": "00:05:20", "text": "continuing to happen and maybe you got"}, {"start": "00:05:18", "end": "00:05:22", "text": "to pay a few million dollars to the"}, {"start": "00:05:20", "end": "00:05:25", "text": "Iranians and whether that's in Bitcoin"}, {"start": "00:05:22", "end": "00:05:28", "text": "or yan or dollars or whatever have it,"}, {"start": "00:05:25", "end": "00:05:30", "text": "fine. I can survive. There's a bit more"}, {"start": "00:05:28", "end": "00:05:31", "text": "inflation. Shit's a bit more expensive."}, {"start": "00:05:30", "end": "00:05:33", "text": "But the world goes on."}, {"start": "00:05:31", "end": "00:05:35", "text": ">> Before what this whole thing kicked off,"}, {"start": "00:05:33", "end": "00:05:36", "text": "my view of the world was there's these"}, {"start": "00:05:35", "end": "00:05:38", "text": "deflationary forces. You had"}, {"start": "00:05:36", "end": "00:05:39", "text": "deportations, you had tariffs, you had"}, {"start": "00:05:38", "end": "00:05:41", "text": "AI and robotics that were swallowing the"}, {"start": "00:05:39", "end": "00:05:43", "text": "US economy. You started to see some"}, {"start": "00:05:41", "end": "00:05:45", "text": "prices start to come down at least in"}, {"start": "00:05:43", "end": "00:05:46", "text": "the uh the metrics. And I think that"}, {"start": "00:05:45", "end": "00:05:48", "text": "people started to price in the fact that"}, {"start": "00:05:46", "end": "00:05:50", "text": "maybe deflation is a bigger risk than"}, {"start": "00:05:48", "end": "00:05:52", "text": "inflation. All of a sudden, oil spikes"}, {"start": "00:05:50", "end": "00:05:53", "text": "like this now. People start freaking out"}, {"start": "00:05:52", "end": "00:05:55", "text": "and they immediately jump to like, you"}, {"start": "00:05:53", "end": "00:05:56", "text": "know, sky-high inflation's coming back."}, {"start": "00:05:55", "end": "00:05:58", "text": "We're going to get the COVID numbers all"}, {"start": "00:05:56", "end": "00:05:59", "text": "over again. How do you think about the"}, {"start": "00:05:58", "end": "00:06:02", "text": "battle between inflation and deflation?"}, {"start": "00:05:59", "end": "00:06:04", "text": "And do you care what what the actual"}, {"start": "00:06:02", "end": "00:06:05", "text": "answer is?"}, {"start": "00:06:04", "end": "00:06:08", "text": ">> Inflation and what you want deflation."}, {"start": "00:06:05", "end": "00:06:12", "text": "Sorry. Deflation in what you want,"}, {"start": "00:06:08", "end": "00:06:13", "text": "inflation in what you need, right? Um,"}, {"start": "00:06:12", "end": "00:06:15", "text": "explain it."}, {"start": "00:06:13", "end": "00:06:16", "text": ">> If we're I think the in the AI thing"}, {"start": "00:06:15", "end": "00:06:18", "text": "that you're talking about, right, the"}, {"start": "00:06:16", "end": "00:06:20", "text": "displacement of knowledge workers is"}, {"start": "00:06:18", "end": "00:06:21", "text": "accelerating. It's it's happening,"}, {"start": "00:06:20", "end": "00:06:23", "text": "right? There are companies firing people"}, {"start": "00:06:21", "end": "00:06:25", "text": "left, right, and center because it's way"}, {"start": "00:06:23", "end": "00:06:27", "text": "easier to run a team of agents to do"}, {"start": "00:06:25", "end": "00:06:28", "text": "particular knowledge work than to hire a"}, {"start": "00:06:27", "end": "00:06:30", "text": "human. And that's only going to"}, {"start": "00:06:28", "end": "00:06:33", "text": "intensify and accelerate. And that's"}, {"start": "00:06:30", "end": "00:06:36", "text": "causing deflation in what we want. Oh,"}, {"start": "00:06:33", "end": "00:06:38", "text": "you want that nice new whatever the [�__�]"}, {"start": "00:06:36", "end": "00:06:41", "text": "you saw on social media thing, the bag,"}, {"start": "00:06:38", "end": "00:06:42", "text": "the car, you know, the house and some"}, {"start": "00:06:41", "end": "00:06:45", "text": "McMansion, whatever. You don't actually"}, {"start": "00:06:42", "end": "00:06:47", "text": "need that. You you want it. And now you"}, {"start": "00:06:45", "end": "00:06:50", "text": "are on unemployment insurance because"}, {"start": "00:06:47", "end": "00:06:51", "text": "you lost your $250,000 a year tech job"}, {"start": "00:06:50", "end": "00:06:53", "text": "and it ain't coming back. And at least"}, {"start": "00:06:51", "end": "00:06:55", "text": "in the same format, in the same time"}, {"start": "00:06:53", "end": "00:06:57", "text": "frame you need to afford to spend like"}, {"start": "00:06:55", "end": "00:06:58", "text": "you were spending. So those things that"}, {"start": "00:06:57", "end": "00:07:00", "text": "we want that the social media"}, {"start": "00:06:58", "end": "00:07:03", "text": "influencers tell me tell us that we"}, {"start": "00:07:00", "end": "00:07:05", "text": "need, that shit's deflationary. and the"}, {"start": "00:07:03", "end": "00:07:06", "text": "credit that's you know behind that"}, {"start": "00:07:05", "end": "00:07:07", "text": "that's a problem for the banking system"}, {"start": "00:07:06", "end": "00:07:10", "text": "and that that problem's only going to"}, {"start": "00:07:07", "end": "00:07:11", "text": "intensify but what clouds the picture of"}, {"start": "00:07:10", "end": "00:07:12", "text": "what people are look thinking about"}, {"start": "00:07:11", "end": "00:07:14", "text": "central bankers is well then there's"}, {"start": "00:07:12", "end": "00:07:16", "text": "this inflation of what we need the"}, {"start": "00:07:14", "end": "00:07:18", "text": "entire world economy is essentially a"}, {"start": "00:07:16", "end": "00:07:20", "text": "derivative of energy and so if we need"}, {"start": "00:07:18", "end": "00:07:22", "text": "energy to flow through the straight"}, {"start": "00:07:20", "end": "00:07:24", "text": "whether that's calorific in the terms of"}, {"start": "00:07:22", "end": "00:07:27", "text": "fertilizer to make food or it's just raw"}, {"start": "00:07:24", "end": "00:07:29", "text": "hydrocarbons LG oil that's what we need"}, {"start": "00:07:27", "end": "00:07:30", "text": "if we if there's inflation in that then"}, {"start": "00:07:29", "end": "00:07:32", "text": "that causes inflation in the entire"}, {"start": "00:07:30", "end": "00:07:34", "text": "economy and so then you're sitting here"}, {"start": "00:07:32", "end": "00:07:35", "text": "as a central bank. Well, do I cut rates?"}, {"start": "00:07:34", "end": "00:07:37", "text": "Do I raise rates? You know, what do what"}, {"start": "00:07:35", "end": "00:07:39", "text": "do I do? Right? And so, you're sitting"}, {"start": "00:07:37", "end": "00:07:41", "text": "in you have you have both in different"}, {"start": "00:07:39", "end": "00:07:43", "text": "pockets of the economy."}, {"start": "00:07:41", "end": "00:07:46", "text": ">> What about Kevin Worsh when he comes"}, {"start": "00:07:43", "end": "00:07:48", "text": "into uh the Fed? You think that he is"}, {"start": "00:07:46", "end": "00:07:49", "text": "going to do one thing or the other or do"}, {"start": "00:07:48", "end": "00:07:50", "text": "you feel like he's a pretty rational"}, {"start": "00:07:49", "end": "00:07:51", "text": "person that's just going to look at the"}, {"start": "00:07:50", "end": "00:07:53", "text": "data?"}, {"start": "00:07:51", "end": "00:07:55", "text": "I know there's a lot of and I read a lot"}, {"start": "00:07:53", "end": "00:07:57", "text": "of this stuff like geopolitical analysts"}, {"start": "00:07:55", "end": "00:07:59", "text": "and the macro people who you know"}, {"start": "00:07:57", "end": "00:08:02", "text": "dissect the different speeches of the"}, {"start": "00:07:59", "end": "00:08:03", "text": "Fed perspective Fed governors and"}, {"start": "00:08:02", "end": "00:08:05", "text": ">> for men."}, {"start": "00:08:03", "end": "00:08:06", "text": ">> Yeah. Exactly. And I'm like it doesn't"}, {"start": "00:08:05", "end": "00:08:08", "text": "[�__�] matter. Right. At the end of the"}, {"start": "00:08:06", "end": "00:08:09", "text": "day, the Federal Reserve is an arm of"}, {"start": "00:08:08", "end": "00:08:10", "text": "the US government and they're going to"}, {"start": "00:08:09", "end": "00:08:12", "text": "do whatever the US government needs to"}, {"start": "00:08:10", "end": "00:08:16", "text": "have done so that the US government can"}, {"start": "00:08:12", "end": "00:08:17", "text": "afford to pay its bills. And so to me"}, {"start": "00:08:16", "end": "00:08:19", "text": "that means, you know, if there's a"}, {"start": "00:08:17", "end": "00:08:21", "text": "deflationary ticking time bomb that is"}, {"start": "00:08:19", "end": "00:08:22", "text": "AI and they need to print a bunch of"}, {"start": "00:08:21", "end": "00:08:23", "text": "money to save the banking system,"}, {"start": "00:08:22", "end": "00:08:25", "text": "they're going to print a bunch of money"}, {"start": "00:08:23", "end": "00:08:26", "text": "to save the banking system and then"}, {"start": "00:08:25", "end": "00:08:28", "text": "they'll trot out a bunch of Ivy League"}, {"start": "00:08:26", "end": "00:08:29", "text": "economists to make up some [�__�] as"}, {"start": "00:08:28", "end": "00:08:32", "text": "to why they needed to do what they were"}, {"start": "00:08:29", "end": "00:08:34", "text": "going to do. Anyways, if you know Trump"}, {"start": "00:08:32", "end": "00:08:35", "text": "decides that he's going to send Iran to"}, {"start": "00:08:34", "end": "00:08:38", "text": "the stone age and initiate, you know,"}, {"start": "00:08:35", "end": "00:08:39", "text": "World War II for real and they need to"}, {"start": "00:08:38", "end": "00:08:41", "text": "print, you know, what do you say? $1.5"}, {"start": "00:08:39", "end": "00:08:43", "text": "trillion for the new uh Department of"}, {"start": "00:08:41", "end": "00:08:45", "text": "War budget. Guess what the Fed's going"}, {"start": "00:08:43", "end": "00:08:46", "text": "to do? It's going to cut rates and print"}, {"start": "00:08:45", "end": "00:08:47", "text": "money to make sure that the Trump"}, {"start": "00:08:46", "end": "00:08:49", "text": "administration can afford what they want"}, {"start": "00:08:47", "end": "00:08:51", "text": "to do. Kevin Wars is irrelevant. Who"}, {"start": "00:08:49", "end": "00:08:52", "text": "cares who he is? Doesn't [�__�] matter."}, {"start": "00:08:51", "end": "00:08:54", "text": "Doesn't matter who sits in that seat."}, {"start": "00:08:52", "end": "00:08:55", "text": "They'll do what they need to do as"}, {"start": "00:08:54", "end": "00:08:56", "text": "they've always done what they need to"}, {"start": "00:08:55", "end": "00:08:58", "text": "have done to make sure the government"}, {"start": "00:08:56", "end": "00:09:00", "text": "can afford their bills. Now, it might"}, {"start": "00:08:58", "end": "00:09:03", "text": "not happen in the time frame you need as"}, {"start": "00:09:00", "end": "00:09:04", "text": "a leveraged investor, but over a long"}, {"start": "00:09:03", "end": "00:09:06", "text": "enough period of time, the Fed always"}, {"start": "00:09:04", "end": "00:09:07", "text": "prints the money and accommodates the"}, {"start": "00:09:06", "end": "00:09:08", "text": "government in the ways in which it needs"}, {"start": "00:09:07", "end": "00:09:10", "text": "it to happen."}, {"start": "00:09:08", "end": "00:09:12", "text": ">> Let's talk about gold. Obviously, that"}, {"start": "00:09:10", "end": "00:09:14", "text": "had a fantastic run. It seemed like a"}, {"start": "00:09:12", "end": "00:09:16", "text": "lot of central banks were buying up"}, {"start": "00:09:14", "end": "00:09:18", "text": "gold. Um, but now we see Iran is"}, {"start": "00:09:16", "end": "00:09:19", "text": "supposedly going to charge this tax in"}, {"start": "00:09:18", "end": "00:09:21", "text": "the straight. They're not asking for"}, {"start": "00:09:19", "end": "00:09:23", "text": "gold, they're asking for Bitcoin. And so"}, {"start": "00:09:21", "end": "00:09:25", "text": "it does seem like there are multiple use"}, {"start": "00:09:23", "end": "00:09:28", "text": "cases for a non-s sovereign kind of"}, {"start": "00:09:25", "end": "00:09:30", "text": "neutral asset. But depending on if you"}, {"start": "00:09:28", "end": "00:09:31", "text": "are using it for defensive purposes or"}, {"start": "00:09:30", "end": "00:09:33", "text": "you're using it for payments, it seems"}, {"start": "00:09:31", "end": "00:09:34", "text": "like gold and Bitcoin now are being"}, {"start": "00:09:33", "end": "00:09:37", "text": "interchanged. But this like non-s"}, {"start": "00:09:34", "end": "00:09:38", "text": "sovereign asset use case is pretty front"}, {"start": "00:09:37", "end": "00:09:40", "text": "and center over the last 18 months or"}, {"start": "00:09:38", "end": "00:09:42", "text": "so. Would you agree?"}, {"start": "00:09:40", "end": "00:09:43", "text": ">> Absolutely. And I think there's an"}, {"start": "00:09:42", "end": "00:09:47", "text": "interesting and I think Luke Ramen"}, {"start": "00:09:43", "end": "00:09:49", "text": "points this out quite clearly. The for"}, {"start": "00:09:47", "end": "00:09:52", "text": "the last four or five months the number"}, {"start": "00:09:49", "end": "00:09:55", "text": "one export from the United States has"}, {"start": "00:09:52", "end": "00:09:58", "text": "been non-monetary gold. So this whole"}, {"start": "00:09:55", "end": "00:10:00", "text": "shebang about re-industrialization and"}, {"start": "00:09:58", "end": "00:10:02", "text": "more manufacturing jobs and the US is"}, {"start": "00:10:00", "end": "00:10:03", "text": "going to build back its exporting heft"}, {"start": "00:10:02", "end": "00:10:06", "text": "because of these tariffs and whatnot is"}, {"start": "00:10:03", "end": "00:10:08", "text": "not borne out in the data. The data is"}, {"start": "00:10:06", "end": "00:10:09", "text": "that the US is exporting gold"}, {"start": "00:10:08", "end": "00:10:11", "text": "specifically to Switzerland. It's"}, {"start": "00:10:09", "end": "00:10:13", "text": "refined Switzerland, then it goes to"}, {"start": "00:10:11", "end": "00:10:16", "text": "China. And so what that tells me is"}, {"start": "00:10:13", "end": "00:10:19", "text": "there's essentially a a new quiet"}, {"start": "00:10:16", "end": "00:10:21", "text": "building of a gold standard. You need"}, {"start": "00:10:19", "end": "00:10:23", "text": "stuff from China. You don't have a trade"}, {"start": "00:10:21", "end": "00:10:25", "text": "surplus with China because most nations"}, {"start": "00:10:23", "end": "00:10:27", "text": "do not. How do you get the how do you"}, {"start": "00:10:25", "end": "00:10:29", "text": "get the yuan to buy the stuff from"}, {"start": "00:10:27", "end": "00:10:32", "text": "China? Well, they say, \"Well, we'll take"}, {"start": "00:10:29", "end": "00:10:35", "text": "gold.\" So you go get gold in, you know,"}, {"start": "00:10:32", "end": "00:10:36", "text": "from the US or from the West. You bring"}, {"start": "00:10:35", "end": "00:10:37", "text": "it to China. You sell off and then you"}, {"start": "00:10:36", "end": "00:10:39", "text": "buy the goods that you need to buy,"}, {"start": "00:10:37", "end": "00:10:41", "text": "right? And so we're starting to see gold"}, {"start": "00:10:39", "end": "00:10:43", "text": "as this sovereign layer that's"}, {"start": "00:10:41", "end": "00:10:44", "text": "lubricating trade. But it's not like,"}, {"start": "00:10:43", "end": "00:10:47", "text": "hey, we're on a gold standard. No more"}, {"start": "00:10:44", "end": "00:10:50", "text": "dollar um uh used anymore. It's"}, {"start": "00:10:47", "end": "00:10:53", "text": "happening slowly, quietly beneath the"}, {"start": "00:10:50", "end": "00:10:54", "text": "surface. Whether or not the IRC is"}, {"start": "00:10:53", "end": "00:10:56", "text": "actually charging Bitcoin or they just"}, {"start": "00:10:54", "end": "00:10:58", "text": "wanted to troll the Western financial"}, {"start": "00:10:56", "end": "00:11:01", "text": "system, who knows? Let's see an actual"}, {"start": "00:10:58", "end": "00:11:03", "text": "somebody post. Yeah, I got one chip"}, {"start": "00:11:01", "end": "00:11:04", "text": "through and here is a Bitcoin"}, {"start": "00:11:03", "end": "00:11:06", "text": "transaction where I paid the Iranian"}, {"start": "00:11:04", "end": "00:11:08", "text": "government. I want to see that before I"}, {"start": "00:11:06", "end": "00:11:10", "text": "believe that the IRGC is taking Bitcoin"}, {"start": "00:11:08", "end": "00:11:11", "text": "other than just saying [�__�] you to the"}, {"start": "00:11:10", "end": "00:11:12", "text": "dollar system and putting this in their"}, {"start": "00:11:11", "end": "00:11:16", "text": "financial times."}, {"start": "00:11:12", "end": "00:11:18", "text": ">> Do you read at all into uh stocks, gold,"}, {"start": "00:11:16", "end": "00:11:20", "text": "bonds, everything sold off since the war"}, {"start": "00:11:18", "end": "00:11:22", "text": "started and Bitcoin was kind of flat to"}, {"start": "00:11:20", "end": "00:11:23", "text": "up?"}, {"start": "00:11:22", "end": "00:11:25", "text": ">> Well, Bitcoin is down what 50% from the"}, {"start": "00:11:23", "end": "00:11:27", "text": "all-time high. So, it's nice that it"}, {"start": "00:11:25", "end": "00:11:29", "text": "outperformed from the 28th of February"}, {"start": "00:11:27", "end": "00:11:30", "text": "to the present. But I don't think there"}, {"start": "00:11:29", "end": "00:11:31", "text": "that's a lot of comfort for most"}, {"start": "00:11:30", "end": "00:11:33", "text": "Bitcoiners. We're like, \"Okay, cool."}, {"start": "00:11:31", "end": "00:11:35", "text": "You're up 4% or whatever.\" Oil is up"}, {"start": "00:11:33", "end": "00:11:38", "text": "what 80%."}, {"start": "00:11:35", "end": "00:11:40", "text": ">> So yeah, it'd be nice if Bitcoin kept"}, {"start": "00:11:38", "end": "00:11:42", "text": "pace with the price of hydrocarbons. It"}, {"start": "00:11:40", "end": "00:11:45", "text": "did not. However, in the good in the"}, {"start": "00:11:42", "end": "00:11:47", "text": "good books, it outperformed all the"}, {"start": "00:11:45", "end": "00:11:49", "text": "other major asset classes um relative to"}, {"start": "00:11:47", "end": "00:11:51", "text": "the price of oil."}, {"start": "00:11:49", "end": "00:11:55", "text": ">> And what is your thought process as to"}, {"start": "00:11:51", "end": "00:11:56", "text": "why Bitcoin did not outperform gold or"}, {"start": "00:11:55", "end": "00:11:58", "text": "uh stocks etc over the last couple"}, {"start": "00:11:56", "end": "00:12:00", "text": "years?"}, {"start": "00:11:58", "end": "00:12:02", "text": "I think I I believe in this sort of AI"}, {"start": "00:12:00", "end": "00:12:04", "text": "deflationary thing and that Bitcoin is"}, {"start": "00:12:02", "end": "00:12:06", "text": "sort of liquidity smoke alarm and"}, {"start": "00:12:04", "end": "00:12:09", "text": "telling us there's a problem. There's"}, {"start": "00:12:06", "end": "00:12:11", "text": "not enough money being printed given the"}, {"start": "00:12:09", "end": "00:12:14", "text": "you know potential deflationary credit"}, {"start": "00:12:11", "end": "00:12:16", "text": "deflationary effects of AI or"}, {"start": "00:12:14", "end": "00:12:18", "text": "hyperscalers just hoovering up all"}, {"start": "00:12:16", "end": "00:12:20", "text": "available capital to to build out data"}, {"start": "00:12:18", "end": "00:12:21", "text": "centers. There's so many other war all"}, {"start": "00:12:20", "end": "00:12:23", "text": "these sort of things that are taking in"}, {"start": "00:12:21", "end": "00:12:25", "text": "capital and global central banks are not"}, {"start": "00:12:23", "end": "00:12:27", "text": "providing enough broad money or banks"}, {"start": "00:12:25", "end": "00:12:30", "text": "are not creating enough loans to juice"}, {"start": "00:12:27", "end": "00:12:32", "text": "the system and therefore bitcoin which"}, {"start": "00:12:30", "end": "00:12:34", "text": "is the most credit sensitive asset out"}, {"start": "00:12:32", "end": "00:12:36", "text": "there has fallen. What's interesting is"}, {"start": "00:12:34", "end": "00:12:38", "text": "the first time I heard anyone talk about"}, {"start": "00:12:36", "end": "00:12:40", "text": "this was Elon Musk and he basically"}, {"start": "00:12:38", "end": "00:12:41", "text": "presented the idea in terms of look AI"}, {"start": "00:12:40", "end": "00:12:43", "text": "is so deflationary that the people are"}, {"start": "00:12:41", "end": "00:12:45", "text": "going to beg the government to print"}, {"start": "00:12:43", "end": "00:12:46", "text": "more money and coming from more of a"}, {"start": "00:12:45", "end": "00:12:48", "text": "bitcoin or sound money perspective"}, {"start": "00:12:46", "end": "00:12:49", "text": "you're like that's insane. Why would we"}, {"start": "00:12:48", "end": "00:12:51", "text": "ever do that? Like obviously Monday"}, {"start": "00:12:49", "end": "00:12:53", "text": "printing is bad. But as I thought about"}, {"start": "00:12:51", "end": "00:12:55", "text": "it more, I'm like, well, maybe one of"}, {"start": "00:12:53", "end": "00:12:58", "text": "the big reasons why Bitcoin sold off so"}, {"start": "00:12:55", "end": "00:13:00", "text": "hard starting in Q3 last year is because"}, {"start": "00:12:58", "end": "00:13:03", "text": "Bitcoin, as you say, is like the smoke"}, {"start": "00:13:00", "end": "00:13:04", "text": "alarm and it just realized that everyone"}, {"start": "00:13:03", "end": "00:13:06", "text": "was expecting inflation from the"}, {"start": "00:13:04", "end": "00:13:06", "text": "tariffs. We didn't get that and actually"}, {"start": "00:13:06", "end": "00:13:08", "text": "we were going to have this like"}, {"start": "00:13:06", "end": "00:13:10", "text": "deflationary period. And so then that"}, {"start": "00:13:08", "end": "00:13:13", "text": "begs the question like, do does Bitcoin"}, {"start": "00:13:10", "end": "00:13:16", "text": "not go back up until the deflationary"}, {"start": "00:13:13", "end": "00:13:19", "text": "pressures go away?"}, {"start": "00:13:16", "end": "00:13:21", "text": ">> I I think so. I even if whatever happens"}, {"start": "00:13:19", "end": "00:13:23", "text": "in the Iran situation, I think if if you"}, {"start": "00:13:21", "end": "00:13:27", "text": "ended the war today and we went back to"}, {"start": "00:13:23", "end": "00:13:28", "text": "February 26th and and 27th, does Bitcoin"}, {"start": "00:13:27", "end": "00:13:30", "text": "go to 100,000 just because the war"}, {"start": "00:13:28", "end": "00:13:33", "text": "ended? I don't think so. I think we"}, {"start": "00:13:30", "end": "00:13:34", "text": "still have this AI issue and this is a"}, {"start": "00:13:33", "end": "00:13:35", "text": "very very big issue because you're"}, {"start": "00:13:34", "end": "00:13:37", "text": "basically saying what is the value of"}, {"start": "00:13:35", "end": "00:13:39", "text": "human labor, especially in a very"}, {"start": "00:13:37", "end": "00:13:42", "text": "flexible economy like the United States"}, {"start": "00:13:39", "end": "00:13:43", "text": "and and some parts of of Western Europe."}, {"start": "00:13:42", "end": "00:13:45", "text": "You know, I've got anecdotal stories of"}, {"start": "00:13:43", "end": "00:13:46", "text": "friends who are firing half the company"}, {"start": "00:13:45", "end": "00:13:48", "text": "because they're like, \"Well, what do I"}, {"start": "00:13:46", "end": "00:13:49", "text": "need these people for?\" The the"}, {"start": "00:13:48", "end": "00:13:53", "text": "mediocre, the average, the 50th"}, {"start": "00:13:49", "end": "00:13:55", "text": "percentile and below engineer is not"}, {"start": "00:13:53", "end": "00:13:56", "text": "needed anymore. My rock star is 10 to"}, {"start": "00:13:55", "end": "00:13:59", "text": "100x more productive using an"}, {"start": "00:13:56", "end": "00:14:01", "text": "orchestrated team of properly, you know,"}, {"start": "00:13:59", "end": "00:14:03", "text": "prompted agents. So, you know, it's"}, {"start": "00:14:01", "end": "00:14:05", "text": "really sad that these very well- paid"}, {"start": "00:14:03", "end": "00:14:07", "text": "and very smart people are no longer have"}, {"start": "00:14:05", "end": "00:14:09", "text": "a job, but I as a business can't move"}, {"start": "00:14:07", "end": "00:14:12", "text": "forward with all this dead weight when I"}, {"start": "00:14:09", "end": "00:14:15", "text": "literally have increased my output so"}, {"start": "00:14:12", "end": "00:14:16", "text": "much and it cost me, you know, $1,000 a"}, {"start": "00:14:15", "end": "00:14:18", "text": "day or whatever it is that you're"}, {"start": "00:14:16", "end": "00:14:20", "text": "spending on on tokens on on a cloud"}, {"start": "00:14:18", "end": "00:14:22", "text": "instance."}, {"start": "00:14:20", "end": "00:14:24", "text": "What is your current ownership of"}, {"start": "00:14:22", "end": "00:14:26", "text": "Bitcoin in terms of like portfolio"}, {"start": "00:14:24", "end": "00:14:27", "text": "percentage? Are you have Bitcoin"}, {"start": "00:14:26", "end": "00:14:29", "text": "exposure? Do you do you sell all your"}, {"start": "00:14:27", "end": "00:14:30", "text": "Bitcoin? Like what? How are you dealing"}, {"start": "00:14:29", "end": "00:14:34", "text": "with this?"}, {"start": "00:14:30", "end": "00:14:37", "text": ">> I mean, I think probably 90 something%"}, {"start": "00:14:34", "end": "00:14:39", "text": "of my net worth is is Bitcoin. And how"}, {"start": "00:14:37", "end": "00:14:40", "text": "do I deal with it? Don't do anything."}, {"start": "00:14:39", "end": "00:14:40", "text": ">> You said 90."}, {"start": "00:14:40", "end": "00:14:41", "text": ">> Yeah."}, {"start": "00:14:40", "end": "00:14:43", "text": ">> 90."}, {"start": "00:14:41", "end": "00:14:46", "text": ">> It goes up, it goes down. The number on"}, {"start": "00:14:43", "end": "00:14:48", "text": "the screen says however many dollars,"}, {"start": "00:14:46", "end": "00:14:49", "text": "you know, value, it doesn't matter."}, {"start": "00:14:48", "end": "00:14:51", "text": "Like, at the end of the day, thankfully,"}, {"start": "00:14:49", "end": "00:14:54", "text": "I've my cost basis is very low and I've"}, {"start": "00:14:51", "end": "00:14:56", "text": "made money in other ways. But the"}, {"start": "00:14:54", "end": "00:14:58", "text": "question is, do you want to deploy more"}, {"start": "00:14:56", "end": "00:15:00", "text": "fiat or do you want to sell some Bitcoin"}, {"start": "00:14:58", "end": "00:15:03", "text": "and buy some other altcoin asset that"}, {"start": "00:15:00", "end": "00:15:04", "text": "can go up uh faster? So, and you know,"}, {"start": "00:15:03", "end": "00:15:06", "text": "in the altcoin basket, obviously, I've"}, {"start": "00:15:04", "end": "00:15:09", "text": "been banging the drum on Zcash and"}, {"start": "00:15:06", "end": "00:15:11", "text": "Hyperliquid. So, it's a on a relative"}, {"start": "00:15:09", "end": "00:15:13", "text": "stance like those are the two, you know,"}, {"start": "00:15:11", "end": "00:15:15", "text": "[�__�] coins that I'm the most most"}, {"start": "00:15:13", "end": "00:15:18", "text": "bullish on. But, if you ask me, would"}, {"start": "00:15:15", "end": "00:15:20", "text": "you take a unit of fiat today and put it"}, {"start": "00:15:18", "end": "00:15:22", "text": "into Bitcoin? I would say no because I"}, {"start": "00:15:20", "end": "00:15:25", "text": "still believe that we're waiting for"}, {"start": "00:15:22", "end": "00:15:27", "text": "that big print event. When does you know"}, {"start": "00:15:25", "end": "00:15:30", "text": "the Fed and other central banks realize"}, {"start": "00:15:27", "end": "00:15:33", "text": "that if they're going to say AI is this"}, {"start": "00:15:30", "end": "00:15:35", "text": "transformatory transformational force?"}, {"start": "00:15:33", "end": "00:15:37", "text": "Well, that means the banking system"}, {"start": "00:15:35", "end": "00:15:39", "text": "necessarily has to go bankrupt because"}, {"start": "00:15:37", "end": "00:15:40", "text": "these workers can't service these debts."}, {"start": "00:15:39", "end": "00:15:42", "text": "And so you you can't have both. You"}, {"start": "00:15:40", "end": "00:15:44", "text": "can't have it both ways. Right now, the"}, {"start": "00:15:42", "end": "00:15:45", "text": "Fed says, \"Oh, AI is this productivity"}, {"start": "00:15:44", "end": "00:15:46", "text": "miracle. It's going to elevate"}, {"start": "00:15:45", "end": "00:15:49", "text": "productivity. It's going to make the"}, {"start": "00:15:46", "end": "00:15:50", "text": "economy so much more productive.\" Well,"}, {"start": "00:15:49", "end": "00:15:52", "text": "to date, all it's meant is a bunch of"}, {"start": "00:15:50", "end": "00:15:53", "text": "people who've made a lot of money have"}, {"start": "00:15:52", "end": "00:15:56", "text": "gotten fired. Yes, the company has"}, {"start": "00:15:53", "end": "00:15:57", "text": "gotten more productive, but those"}, {"start": "00:15:56", "end": "00:16:00", "text": "people, especially in an economy like"}, {"start": "00:15:57", "end": "00:16:03", "text": "the United States, which is 70% consumer"}, {"start": "00:16:00", "end": "00:16:05", "text": "spending, they have material impact on"}, {"start": "00:16:03", "end": "00:16:07", "text": "the ability for lots of companies to"}, {"start": "00:16:05", "end": "00:16:08", "text": "earn revenue and the banking system to"}, {"start": "00:16:07", "end": "00:16:10", "text": "make good on these assets that they hold"}, {"start": "00:16:08", "end": "00:16:13", "text": "on their balance sheet. So, I think"}, {"start": "00:16:10", "end": "00:16:15", "text": "right now the central bank thinks the"}, {"start": "00:16:13", "end": "00:16:16", "text": "inflationary impact of the war, we can"}, {"start": "00:16:15", "end": "00:16:17", "text": "look through that. So, you know, that"}, {"start": "00:16:16", "end": "00:16:19", "text": "doesn't mean we necessarily need to"}, {"start": "00:16:17", "end": "00:16:21", "text": "raise rates, but AI is going to be so"}, {"start": "00:16:19", "end": "00:16:22", "text": "amazing and it's going to raise GDP so"}, {"start": "00:16:21", "end": "00:16:26", "text": "much that we don't actually need to cut"}, {"start": "00:16:22", "end": "00:16:29", "text": "rates because the system is is fine. And"}, {"start": "00:16:26", "end": "00:16:31", "text": "until we, you know, have some major"}, {"start": "00:16:29", "end": "00:16:32", "text": "event that changes that worldview, we're"}, {"start": "00:16:31", "end": "00:16:34", "text": "in this situation where there's not"}, {"start": "00:16:32", "end": "00:16:36", "text": "enough credit being created. And that's"}, {"start": "00:16:34", "end": "00:16:37", "text": "what the price of Bitcoin, I think, is"}, {"start": "00:16:36", "end": "00:16:39", "text": "telling us."}, {"start": "00:16:37", "end": "00:16:40", "text": "Have you sold Bitcoin to buy other"}, {"start": "00:16:39", "end": "00:16:42", "text": "things, or are you just not deploying"}, {"start": "00:16:40", "end": "00:16:44", "text": "more dollars? And the reason I asked"}, {"start": "00:16:42", "end": "00:16:45", "text": "that is um I think that there's a lot of"}, {"start": "00:16:44", "end": "00:16:47", "text": "folks that I talk to that own a lot of"}, {"start": "00:16:45", "end": "00:16:49", "text": "Bitcoin or have held Bitcoin for a long"}, {"start": "00:16:47", "end": "00:16:50", "text": "time. Many of them are saying what"}, {"start": "00:16:49", "end": "00:16:52", "text": "you're saying, which is like I'm not"}, {"start": "00:16:50", "end": "00:16:53", "text": "deploying new dollars. I don't hear a"}, {"start": "00:16:52", "end": "00:16:55", "text": "lot of them saying they're selling their"}, {"start": "00:16:53", "end": "00:16:57", "text": "Bitcoin. It almost feels like it it"}, {"start": "00:16:55", "end": "00:16:59", "text": "would be blasphemy to them, you know, to"}, {"start": "00:16:57", "end": "00:17:00", "text": "to sell any get liquidity. And so"}, {"start": "00:16:59", "end": "00:17:02", "text": "therefore, they're just kind of like I"}, {"start": "00:17:00", "end": "00:17:03", "text": "got what I got. Let's see what happens,"}, {"start": "00:17:02", "end": "00:17:06", "text": "you know, over the next 5 years or so,"}, {"start": "00:17:03", "end": "00:17:07", "text": "but any net new dollars that I earn or"}, {"start": "00:17:06", "end": "00:17:09", "text": "or get back from investments, I'm"}, {"start": "00:17:07", "end": "00:17:11", "text": "deploying into other assets. Where do"}, {"start": "00:17:09", "end": "00:17:13", "text": "you sit on that spectrum? So I again"}, {"start": "00:17:11", "end": "00:17:16", "text": "I've sold Bitcoin to buy Zcash and"}, {"start": "00:17:13", "end": "00:17:19", "text": "hyperlquid I'm not selling Bitcoin for"}, {"start": "00:17:16", "end": "00:17:20", "text": "for fiat and yeah if I have you know"}, {"start": "00:17:19", "end": "00:17:23", "text": "additional fiat that comes into the"}, {"start": "00:17:20", "end": "00:17:24", "text": "portfolio it's earning the T bill yield."}, {"start": "00:17:23", "end": "00:17:25", "text": "That's it."}, {"start": "00:17:24", "end": "00:17:27", "text": ">> Got it. And then what about outside of"}, {"start": "00:17:25", "end": "00:17:29", "text": "crypto? Do you have any assets there or"}, {"start": "00:17:27", "end": "00:17:31", "text": "like how do you think about those assets"}, {"start": "00:17:29", "end": "00:17:32", "text": "compared to crypto as a potential future"}, {"start": "00:17:31", "end": "00:17:34", "text": "returns?"}, {"start": "00:17:32", "end": "00:17:36", "text": ">> Yeah. So it's not crypto, it's gold. And"}, {"start": "00:17:34", "end": "00:17:39", "text": "so I have physical gold. I've got gold"}, {"start": "00:17:36", "end": "00:17:41", "text": "miners and and that's pretty much my"}, {"start": "00:17:39", "end": "00:17:42", "text": "entire portfolio, right? So,"}, {"start": "00:17:41", "end": "00:17:42", "text": ">> crypto and gold,"}, {"start": "00:17:42", "end": "00:17:44", "text": ">> you know,"}, {"start": "00:17:42", "end": "00:17:46", "text": ">> crypto and gold, that's it. Uh, and"}, {"start": "00:17:44", "end": "00:17:49", "text": "whether the gold is in physical form or"}, {"start": "00:17:46", "end": "00:17:51", "text": "in sort of like a gold miner uh"}, {"start": "00:17:49", "end": "00:17:53", "text": "situation. So, that is it's just that"}, {"start": "00:17:51", "end": "00:17:56", "text": "simple at least for for Maelstrom."}, {"start": "00:17:53", "end": "00:17:57", "text": ">> Yeah. Now, when you start to look at um"}, {"start": "00:17:56", "end": "00:18:00", "text": "the different technologies, we've seen a"}, {"start": "00:17:57", "end": "00:18:02", "text": "lot of the crypto companies go public."}, {"start": "00:18:00", "end": "00:18:04", "text": "We've seen a lot of net new uh kind of"}, {"start": "00:18:02", "end": "00:18:05", "text": "challengers show up with various, you"}, {"start": "00:18:04", "end": "00:18:06", "text": "know, uh things that they're trying to"}, {"start": "00:18:05", "end": "00:18:08", "text": "do. everything from prediction markets"}, {"start": "00:18:06", "end": "00:18:10", "text": "to hyperlquid and everything in between."}, {"start": "00:18:08", "end": "00:18:12", "text": "Um, how do you look at the I'll call the"}, {"start": "00:18:10", "end": "00:18:14", "text": "equity landscape even though they may"}, {"start": "00:18:12", "end": "00:18:15", "text": "not actually be equity investments. How"}, {"start": "00:18:14", "end": "00:18:17", "text": "do you look at those things and their"}, {"start": "00:18:15", "end": "00:18:20", "text": "ability to compete with the Coinbases"}, {"start": "00:18:17", "end": "00:18:21", "text": "and uh the Binances and and uh some of"}, {"start": "00:18:20", "end": "00:18:23", "text": "these bigger firms that just have so"}, {"start": "00:18:21", "end": "00:18:26", "text": "much uh reach and user base that they"}, {"start": "00:18:23", "end": "00:18:27", "text": "can just roll out these new products to."}, {"start": "00:18:26", "end": "00:18:29", "text": "Well, I mean obviously if you want to"}, {"start": "00:18:27", "end": "00:18:31", "text": "talk about the the biggest challenger"}, {"start": "00:18:29", "end": "00:18:33", "text": "and I think an existential risk to the"}, {"start": "00:18:31", "end": "00:18:37", "text": "Coinbases and the Binance is it's"}, {"start": "00:18:33", "end": "00:18:39", "text": "hyperlquid uh and this DEX model, right?"}, {"start": "00:18:37", "end": "00:18:42", "text": "What is Hyperlid proven? And we've been"}, {"start": "00:18:39", "end": "00:18:43", "text": "trying to do this for a very long time"}, {"start": "00:18:42", "end": "00:18:45", "text": "since you know myself and BitMX invented"}, {"start": "00:18:43", "end": "00:18:49", "text": "the perpetual swap permissionless"}, {"start": "00:18:45", "end": "00:18:52", "text": "listing of per dydx tried it out. They"}, {"start": "00:18:49", "end": "00:18:53", "text": "weren't really successful. Um there was"}, {"start": "00:18:52", "end": "00:18:55", "text": "GMX after that which was the darling for"}, {"start": "00:18:53", "end": "00:18:56", "text": "a while and now we have properly have"}, {"start": "00:18:55", "end": "00:18:58", "text": "you know a very good team that's"}, {"start": "00:18:56", "end": "00:19:00", "text": "executed on this which is Hyperlid and"}, {"start": "00:18:58", "end": "00:19:02", "text": "the reason why I love Hyperlquid isn't"}, {"start": "00:19:00", "end": "00:19:04", "text": "because they're dominating sort of you"}, {"start": "00:19:02", "end": "00:19:06", "text": "know the perp dex landscape doing"}, {"start": "00:19:04", "end": "00:19:08", "text": "Bitcoin dollar and like Ethereum and"}, {"start": "00:19:06", "end": "00:19:11", "text": "Salana whatever trading that's cool it's"}, {"start": "00:19:08", "end": "00:19:13", "text": "great makes them a good amount money"}, {"start": "00:19:11", "end": "00:19:14", "text": "yesterday I pulled up the hype trading"}, {"start": "00:19:13", "end": "00:19:17", "text": "uh leaderboard in terms of um volume"}, {"start": "00:19:14", "end": "00:19:20", "text": "traded over the last 24 hours the number"}, {"start": "00:19:17", "end": "00:19:23", "text": "two product is WTI O WTI oil traded"}, {"start": "00:19:20", "end": "00:19:25", "text": "something like $3 billion yesterday on"}, {"start": "00:19:23", "end": "00:19:29", "text": "Hyperlid over the weekend. It's the only"}, {"start": "00:19:25", "end": "00:19:32", "text": "price discovery source for trad. This is"}, {"start": "00:19:29", "end": "00:19:35", "text": "what crypto was all about. We created a"}, {"start": "00:19:32", "end": "00:19:37", "text": "new way to trade. We gave you leverage"}, {"start": "00:19:35", "end": "00:19:39", "text": "24/7. Anyone in the world can trade"}, {"start": "00:19:37", "end": "00:19:42", "text": "this. And now all the politicians who"}, {"start": "00:19:39", "end": "00:19:43", "text": "try to [�__�] us by doing stuff on Friday"}, {"start": "00:19:42", "end": "00:19:46", "text": "night when the markets close, well, [�__�]"}, {"start": "00:19:43", "end": "00:19:48", "text": "you. Here's some market um knowledge on"}, {"start": "00:19:46", "end": "00:19:49", "text": "what it is that's happening. Do you like"}, {"start": "00:19:48", "end": "00:19:51", "text": "it or do you not? This is going to"}, {"start": "00:19:49", "end": "00:19:53", "text": "influence your decision on on what you"}, {"start": "00:19:51", "end": "00:19:57", "text": "do. Now we have Hyperlquid. Anyone can"}, {"start": "00:19:53", "end": "00:19:58", "text": "trade these assets 24/7 and it's found"}, {"start": "00:19:57", "end": "00:20:00", "text": "product market fit. This is why I"}, {"start": "00:19:58", "end": "00:20:02", "text": "believe so heavily at Hyperlquid is"}, {"start": "00:20:00", "end": "00:20:04", "text": "because they are going to quickly take"}, {"start": "00:20:02", "end": "00:20:06", "text": "over price discovery in these assets"}, {"start": "00:20:04", "end": "00:20:08", "text": "because there's so many billions of"}, {"start": "00:20:06", "end": "00:20:10", "text": "people in the world who don't have"}, {"start": "00:20:08", "end": "00:20:13", "text": "access to a Schwab account to buy, you"}, {"start": "00:20:10", "end": "00:20:14", "text": "know, a stock or trade an oil contract,"}, {"start": "00:20:13", "end": "00:20:17", "text": "right? They just can't do it. It's just"}, {"start": "00:20:14", "end": "00:20:19", "text": "not allowed, not not offered to them."}, {"start": "00:20:17", "end": "00:20:21", "text": "Now they've got hyperlquid 10x 20x"}, {"start": "00:20:19", "end": "00:20:23", "text": "leverage. You give me some stable coin"}, {"start": "00:20:21", "end": "00:20:25", "text": "or or bitcoin or hype. I give you some"}, {"start": "00:20:23", "end": "00:20:27", "text": "leverage and now you can trade an"}, {"start": "00:20:25", "end": "00:20:29", "text": "expressive view on this whenever you"}, {"start": "00:20:27", "end": "00:20:31", "text": "like. This is the gamechanging thing."}, {"start": "00:20:29", "end": "00:20:35", "text": "And you know Coinbase and Binance, these"}, {"start": "00:20:31", "end": "00:20:37", "text": "are very slower companies in in a crypto"}, {"start": "00:20:35", "end": "00:20:39", "text": "sense and they're servicing a different"}, {"start": "00:20:37", "end": "00:20:40", "text": "market. They've got different pressures"}, {"start": "00:20:39", "end": "00:20:43", "text": "and they're not going to be able to"}, {"start": "00:20:40", "end": "00:20:45", "text": "respond as quickly as you know a team of"}, {"start": "00:20:43", "end": "00:20:47", "text": "11 people who ship code as fast as"}, {"start": "00:20:45", "end": "00:20:49", "text": "Hyperlquid. So that's why I'm super"}, {"start": "00:20:47", "end": "00:20:51", "text": "bullish on that and that I think this is"}, {"start": "00:20:49", "end": "00:20:53", "text": "the biggest challenge. How do you stay"}, {"start": "00:20:51", "end": "00:20:55", "text": "relevant as a centralized exchange to"}, {"start": "00:20:53", "end": "00:20:57", "text": "the retail people who pay your bills"}, {"start": "00:20:55", "end": "00:20:59", "text": "when you have this challenger who has"}, {"start": "00:20:57", "end": "00:21:01", "text": "created a permissionless product where"}, {"start": "00:20:59", "end": "00:21:03", "text": "anyone who can stake I think 500,000"}, {"start": "00:21:01", "end": "00:21:05", "text": "hype can list any market that they want."}, {"start": "00:21:03", "end": "00:21:07", "text": "And now hype is coming for the"}, {"start": "00:21:05", "end": "00:21:09", "text": "prediction markets with HIPP4 which"}, {"start": "00:21:07", "end": "00:21:11", "text": "should be coming out in a few weeks."}, {"start": "00:21:09", "end": "00:21:12", "text": "Well, they've just I think I don't know"}, {"start": "00:21:11", "end": "00:21:15", "text": "what Poly Market and Kelsey charge"}, {"start": "00:21:12", "end": "00:21:17", "text": "something in the order of 2 to 7% fee."}, {"start": "00:21:15", "end": "00:21:19", "text": "They went to I think 50 basis points,"}, {"start": "00:21:17", "end": "00:21:20", "text": "right? So, they're going to do you know"}, {"start": "00:21:19", "end": "00:21:21", "text": "the China model, right? Oh, that's a"}, {"start": "00:21:20", "end": "00:21:22", "text": "great product you have there. How about"}, {"start": "00:21:21", "end": "00:21:24", "text": "I charge you almost zero for it and see"}, {"start": "00:21:22", "end": "00:21:26", "text": "what happens? And so, this is going to"}, {"start": "00:21:24", "end": "00:21:28", "text": "be an interesting"}, {"start": "00:21:26", "end": "00:21:29", "text": "uh landscape, especially in the"}, {"start": "00:21:28", "end": "00:21:32", "text": "prediction markets, which I think are"}, {"start": "00:21:29", "end": "00:21:34", "text": "the other amazing thing about crypto. I"}, {"start": "00:21:32", "end": "00:21:35", "text": "I'll say it here like I think insider"}, {"start": "00:21:34", "end": "00:21:38", "text": "trading should be legalized in every"}, {"start": "00:21:35", "end": "00:21:39", "text": "asset class. We want insider trading. We"}, {"start": "00:21:38", "end": "00:21:43", "text": "want the government official to go on"}, {"start": "00:21:39", "end": "00:21:44", "text": "Poly Market and buy the ceasefire one"}, {"start": "00:21:43", "end": "00:21:46", "text": "minute before they announce it on on"}, {"start": "00:21:44", "end": "00:21:47", "text": "television or, you know, Commini is"}, {"start": "00:21:46", "end": "00:21:49", "text": "going to die because they're going to"}, {"start": "00:21:47", "end": "00:21:51", "text": "about to press the button and dead his"}, {"start": "00:21:49", "end": "00:21:52", "text": "ass uh with the missile, right? We want"}, {"start": "00:21:51", "end": "00:21:55", "text": "that because that is the market telling"}, {"start": "00:21:52", "end": "00:21:56", "text": "us what these guys and gals are doing in"}, {"start": "00:21:55", "end": "00:21:58", "text": "real time versus us having to wait for"}, {"start": "00:21:56", "end": "00:22:00", "text": "the New York Times to spit us some"}, {"start": "00:21:58", "end": "00:22:02", "text": "propaganda nonsense about what they did"}, {"start": "00:22:00", "end": "00:22:04", "text": "5 hours before. So, this is why I love"}, {"start": "00:22:02", "end": "00:22:05", "text": "Poly Market and Kelshi and what they're"}, {"start": "00:22:04", "end": "00:22:07", "text": "bringing to the markets and I love"}, {"start": "00:22:05", "end": "00:22:09", "text": "insider trading. Today's episode is"}, {"start": "00:22:07", "end": "00:22:11", "text": "brought to you by Uphold. Are you"}, {"start": "00:22:09", "end": "00:22:13", "text": "someone who's tired of juggling multiple"}, {"start": "00:22:11", "end": "00:22:15", "text": "apps just to trade, earn, stake, or"}, {"start": "00:22:13", "end": "00:22:17", "text": "spend your crypto? Then listen up,"}, {"start": "00:22:15", "end": "00:22:19", "text": "because Uphold does all of that in one"}, {"start": "00:22:17", "end": "00:22:21", "text": "single unified platform. You can access"}, {"start": "00:22:19", "end": "00:22:23", "text": "300 plus crypto and fiat currencies with"}, {"start": "00:22:21", "end": "00:22:26", "text": "an interface that works for you, whether"}, {"start": "00:22:23", "end": "00:22:28", "text": "you're a beginner or an expert. Uphold"}, {"start": "00:22:26", "end": "00:22:31", "text": "also features any to any swaps where you"}, {"start": "00:22:28", "end": "00:22:33", "text": "can swap crypto to fiat, fiat to metals,"}, {"start": "00:22:31", "end": "00:22:35", "text": "and tokens to tokens directly in the"}, {"start": "00:22:33", "end": "00:22:37", "text": "app. If you prefer self-custody,"}, {"start": "00:22:35", "end": "00:22:39", "text": "Uphold's vault gives you multi-stig"}, {"start": "00:22:37", "end": "00:22:41", "text": "security, key recovery, direct trading"}, {"start": "00:22:39", "end": "00:22:44", "text": "access, and peace of mind without giving"}, {"start": "00:22:41", "end": "00:22:45", "text": "up convenience. Uphold is also 100%"}, {"start": "00:22:44", "end": "00:22:47", "text": "reserved, meaning no fractional"}, {"start": "00:22:45", "end": "00:22:49", "text": "practices and proof of reserves are"}, {"start": "00:22:47", "end": "00:22:52", "text": "updated every 30 seconds, so you can"}, {"start": "00:22:49", "end": "00:22:53", "text": "verify your assets anytime. For US"}, {"start": "00:22:52", "end": "00:22:55", "text": "users, you can even earn yield on"}, {"start": "00:22:53", "end": "00:22:58", "text": "dollars with the USD interest account."}, {"start": "00:22:55", "end": "00:23:00", "text": "No fees, no minimums, and funds are"}, {"start": "00:22:58", "end": "00:23:03", "text": "insured up to $2.5 million through the"}, {"start": "00:23:00", "end": "00:23:05", "text": "Atomic Cash Suite program. If you want"}, {"start": "00:23:03", "end": "00:23:08", "text": "one app for your entire digital asset"}, {"start": "00:23:05", "end": "00:23:10", "text": "life, check out upphold today. Go to"}, {"start": "00:23:08", "end": "00:23:14", "text": "upph uphold.com to learn more."}, {"start": "00:23:10", "end": "00:23:15", "text": "Uphold.com. Go check them out today."}, {"start": "00:23:14", "end": "00:23:17", "text": "Today's episode is brought to you by"}, {"start": "00:23:15", "end": "00:23:19", "text": "Arch Public. I absolutely love these"}, {"start": "00:23:17", "end": "00:23:21", "text": "guys. Arch Public is an agentic trading"}, {"start": "00:23:19", "end": "00:23:22", "text": "platform that automates the buying and"}, {"start": "00:23:21", "end": "00:23:24", "text": "selling of your preferred crypto"}, {"start": "00:23:22", "end": "00:23:25", "text": "strategies. Using sophisticated"}, {"start": "00:23:24", "end": "00:23:28", "text": "algorithms like the intelligence"}, {"start": "00:23:25", "end": "00:23:29", "text": "arbitrage and oracle protocols, Arch"}, {"start": "00:23:28", "end": "00:23:31", "text": "Public executes advanced automated"}, {"start": "00:23:29", "end": "00:23:33", "text": "crypto strategies fully customized to"}, {"start": "00:23:31", "end": "00:23:35", "text": "your goals. Is your aim to accumulate"}, {"start": "00:23:33", "end": "00:23:37", "text": "Bitcoin during market dips, generate"}, {"start": "00:23:35", "end": "00:23:40", "text": "profits from Ethereum volatility, or"}, {"start": "00:23:37", "end": "00:23:42", "text": "sell Salana or XRP in layers as it"}, {"start": "00:23:40", "end": "00:23:44", "text": "reclaims all-time highs? If so, Arch"}, {"start": "00:23:42", "end": "00:23:47", "text": "Public is built for you. Are you worried"}, {"start": "00:23:44", "end": "00:23:49", "text": "about doing it alone? No problem. Arch"}, {"start": "00:23:47", "end": "00:23:51", "text": "Public provides everyone, yes, everyone,"}, {"start": "00:23:49", "end": "00:23:53", "text": "with hands-on, dedicated support from"}, {"start": "00:23:51", "end": "00:23:56", "text": "their concierge team to help implement"}, {"start": "00:23:53", "end": "00:23:57", "text": "the strategy that you choose. As a"}, {"start": "00:23:56", "end": "00:23:59", "text": "preferred trading partner of Coinbase,"}, {"start": "00:23:57", "end": "00:24:01", "text": "Kraken, Robin Hood, and Gemini, Arch"}, {"start": "00:23:59", "end": "00:24:03", "text": "Public offers a proven track record of"}, {"start": "00:24:01", "end": "00:24:05", "text": "security and performance so that you can"}, {"start": "00:24:03", "end": "00:24:08", "text": "trade with confidence. Sign up today at"}, {"start": "00:24:05", "end": "00:24:11", "text": "archpub.com and start your automated"}, {"start": "00:24:08", "end": "00:24:13", "text": "trading strategy for free. No catch, no"}, {"start": "00:24:11", "end": "00:24:15", "text": "hidden fees, just smarter trading. Your"}, {"start": "00:24:13", "end": "00:24:19", "text": "crypto, your exchange, your profits."}, {"start": "00:24:15", "end": "00:24:22", "text": "Archub. Go to archpub.com and tell them"}, {"start": "00:24:19", "end": "00:24:23", "text": "I sent you. So the insider trading what"}, {"start": "00:24:22", "end": "00:24:25", "text": "you're basically saying is like somebody"}, {"start": "00:24:23", "end": "00:24:27", "text": "has a piece of information whether it is"}, {"start": "00:24:25", "end": "00:24:29", "text": "you know actual material non-public"}, {"start": "00:24:27", "end": "00:24:31", "text": "information it's just hey I I heard a"}, {"start": "00:24:29", "end": "00:24:32", "text": "rumor whatever uh they are financially"}, {"start": "00:24:31", "end": "00:24:34", "text": "incentivized to go and show it to the"}, {"start": "00:24:32", "end": "00:24:37", "text": "market. I think one of the questions"}, {"start": "00:24:34", "end": "00:24:40", "text": "becomes okay if they are doing that to"}, {"start": "00:24:37", "end": "00:24:41", "text": "uh their own personal financial uh"}, {"start": "00:24:40", "end": "00:24:43", "text": "benefit"}, {"start": "00:24:41", "end": "00:24:44", "text": "are we just cool with that like we just"}, {"start": "00:24:43", "end": "00:24:46", "text": "say hey look that's worth the tradeoff"}, {"start": "00:24:44", "end": "00:24:47", "text": "of yes they can profit off of it but"}, {"start": "00:24:46", "end": "00:24:49", "text": "they're doing a almost like a public"}, {"start": "00:24:47", "end": "00:24:51", "text": "service to the market and they're giving"}, {"start": "00:24:49", "end": "00:24:52", "text": "this information and so that trade is"}, {"start": "00:24:51", "end": "00:24:53", "text": "something that society should optimize"}, {"start": "00:24:52", "end": "00:24:55", "text": "for"}, {"start": "00:24:53", "end": "00:24:56", "text": ">> I think so at the end of the day what's"}, {"start": "00:24:55", "end": "00:24:57", "text": "the market the market is supposed to"}, {"start": "00:24:56", "end": "00:25:00", "text": "take all available information and"}, {"start": "00:24:57", "end": "00:25:02", "text": "coales it into a price and if we're"}, {"start": "00:25:00", "end": "00:25:04", "text": "saying that some information is okay to"}, {"start": "00:25:02", "end": "00:25:06", "text": "share there at some point in time and"}, {"start": "00:25:04", "end": "00:25:08", "text": "other points of time. What's the point"}, {"start": "00:25:06", "end": "00:25:10", "text": "of the market? And yes, I know there's"}, {"start": "00:25:08", "end": "00:25:12", "text": "some ethical questions about government"}, {"start": "00:25:10", "end": "00:25:15", "text": "officials trading on this information,"}, {"start": "00:25:12", "end": "00:25:17", "text": "but me as a a human and as a trading"}, {"start": "00:25:15", "end": "00:25:19", "text": "professional, I want that information."}, {"start": "00:25:17", "end": "00:25:20", "text": "And so, we can deal with the ethics"}, {"start": "00:25:19", "end": "00:25:22", "text": "afterwards in terms of how you deal with"}, {"start": "00:25:20", "end": "00:25:24", "text": "government officials doing this. But"}, {"start": "00:25:22", "end": "00:25:26", "text": "like in most countries, they already do"}, {"start": "00:25:24", "end": "00:25:29", "text": "it. Let's just make it all out so that"}, {"start": "00:25:26", "end": "00:25:30", "text": "we get better pricing. and we see what's"}, {"start": "00:25:29", "end": "00:25:32", "text": "actually happening. Instead of like"}, {"start": "00:25:30", "end": "00:25:35", "text": "these, you know, these discontinuous"}, {"start": "00:25:32", "end": "00:25:37", "text": "jumps in a price of a particular event,"}, {"start": "00:25:35", "end": "00:25:39", "text": "now we have a continuous stream of"}, {"start": "00:25:37", "end": "00:25:40", "text": "information coming from all the actors"}, {"start": "00:25:39", "end": "00:25:42", "text": "and they're putting it into the market"}, {"start": "00:25:40", "end": "00:25:43", "text": "because the best way to get your true"}, {"start": "00:25:42", "end": "00:25:46", "text": "opinion is when you have your money on"}, {"start": "00:25:43", "end": "00:25:47", "text": "the line. Yeah, it is it is uh"}, {"start": "00:25:46", "end": "00:25:49", "text": "interesting because also there's a lot"}, {"start": "00:25:47", "end": "00:25:50", "text": "of rumors and what I always wonder is"}, {"start": "00:25:49", "end": "00:25:52", "text": "everyone always points out when there's"}, {"start": "00:25:50", "end": "00:25:54", "text": "like a big spike in, you know, purchases"}, {"start": "00:25:52", "end": "00:25:55", "text": "on something and obviously that person"}, {"start": "00:25:54", "end": "00:25:57", "text": "makes money. How many times does"}, {"start": "00:25:55", "end": "00:25:58", "text": "somebody go and have a big spike and"}, {"start": "00:25:57", "end": "00:25:59", "text": "they end up being wrong,"}, {"start": "00:25:58", "end": "00:26:00", "text": ">> right? I never see"}, {"start": "00:25:59", "end": "00:26:02", "text": ">> it's a market."}, {"start": "00:26:00", "end": "00:26:04", "text": ">> I I just Maybe there's zero. Maybe"}, {"start": "00:26:02", "end": "00:26:05", "text": "there's literally zero times that that"}, {"start": "00:26:04", "end": "00:26:07", "text": "happens. I doubt it, but I just never"}, {"start": "00:26:05", "end": "00:26:09", "text": "see those articles about like the person"}, {"start": "00:26:07", "end": "00:26:10", "text": "who thought they had information that"}, {"start": "00:26:09", "end": "00:26:13", "text": "went and made a bet and ends up losing"}, {"start": "00:26:10", "end": "00:26:15", "text": "their money. So, it's kind of like we're"}, {"start": "00:26:13", "end": "00:26:16", "text": "getting fed one side of the story. Um,"}, {"start": "00:26:15", "end": "00:26:18", "text": "at the same time, I, you know, pretty"}, {"start": "00:26:16", "end": "00:26:20", "text": "sympathetic to the story of like, hey,"}, {"start": "00:26:18", "end": "00:26:22", "text": "we have politicians like, you know, we"}, {"start": "00:26:20", "end": "00:26:25", "text": "just published a, uh, a report that"}, {"start": "00:26:22", "end": "00:26:27", "text": "shows Ro Kana, he's outperformed the S&P"}, {"start": "00:26:25", "end": "00:26:30", "text": "by 112%."}, {"start": "00:26:27", "end": "00:26:31", "text": "January of 2024. So, like Nancy Pelosi,"}, {"start": "00:26:30", "end": "00:26:32", "text": "she is like in the rearview mirror."}, {"start": "00:26:31", "end": "00:26:34", "text": "She's not even the best trader in"}, {"start": "00:26:32", "end": "00:26:36", "text": "Congress right now, right? Roana is"}, {"start": "00:26:34", "end": "00:26:38", "text": "crushing. And so you look at that and"}, {"start": "00:26:36", "end": "00:26:40", "text": "you say, you know, odds that somebody is"}, {"start": "00:26:38", "end": "00:26:42", "text": "outperforming hedge funds to that degree"}, {"start": "00:26:40", "end": "00:26:43", "text": "probably pretty low without, you know,"}, {"start": "00:26:42", "end": "00:26:45", "text": "sitting on committees, getting"}, {"start": "00:26:43", "end": "00:26:47", "text": "information, etc. But maybe to your"}, {"start": "00:26:45", "end": "00:26:49", "text": "point, it seems like the United States"}, {"start": "00:26:47", "end": "00:26:51", "text": "government is not illegal. Like the US"}, {"start": "00:26:49", "end": "00:26:54", "text": "government has dictated so far that they"}, {"start": "00:26:51", "end": "00:26:55", "text": "are okay doing that. And so we do get in"}, {"start": "00:26:54", "end": "00:26:56", "text": "this weird world of like where should"}, {"start": "00:26:55", "end": "00:26:58", "text": "the rules be drawn?"}, {"start": "00:26:56", "end": "00:27:00", "text": ">> Yeah. And I think just let let everyone"}, {"start": "00:26:58", "end": "00:27:02", "text": "do it. Just let's have information. The"}, {"start": "00:27:00", "end": "00:27:03", "text": "markets are all about processing"}, {"start": "00:27:02", "end": "00:27:05", "text": "information. analyst has as much"}, {"start": "00:27:03", "end": "00:27:07", "text": "information and let the market decide"}, {"start": "00:27:05", "end": "00:27:09", "text": "what the price of that information is."}, {"start": "00:27:07", "end": "00:27:10", "text": ">> What about like uh assassination markets"}, {"start": "00:27:09", "end": "00:27:12", "text": "and you know things that can be manipul"}, {"start": "00:27:10", "end": "00:27:14", "text": "you know mention markets or or those"}, {"start": "00:27:12", "end": "00:27:16", "text": "types of things that are less about like"}, {"start": "00:27:14", "end": "00:27:18", "text": "economic data or world events and"}, {"start": "00:27:16", "end": "00:27:20", "text": "they're much more you know frankly like"}, {"start": "00:27:18", "end": "00:27:22", "text": "just like flimsy markets that people are"}, {"start": "00:27:20", "end": "00:27:25", "text": "like bullshitting speculating in."}, {"start": "00:27:22", "end": "00:27:27", "text": ">> Again I'm of I'm a free markets acolyte."}, {"start": "00:27:25", "end": "00:27:28", "text": "Let it all happen right? It's going to"}, {"start": "00:27:27", "end": "00:27:30", "text": "happen anyways. People are getting"}, {"start": "00:27:28", "end": "00:27:31", "text": "assassinated. People are getting"}, {"start": "00:27:30", "end": "00:27:34", "text": "murdered. Let's just put a price on it."}, {"start": "00:27:31", "end": "00:27:35", "text": "Right? Don't we want to know if the"}, {"start": "00:27:34", "end": "00:27:37", "text": "assassination risk on some particular"}, {"start": "00:27:35", "end": "00:27:38", "text": "leader is going up? Does maybe that"}, {"start": "00:27:37", "end": "00:27:39", "text": "alerts the authorities? Well, what's"}, {"start": "00:27:38", "end": "00:27:41", "text": "going on? Is there something that we"}, {"start": "00:27:39", "end": "00:27:43", "text": "need to be looking into? These markets"}, {"start": "00:27:41", "end": "00:27:45", "text": "also have a, you know, can could be used"}, {"start": "00:27:43", "end": "00:27:47", "text": "for good other than just like the the"}, {"start": "00:27:45", "end": "00:27:49", "text": "nasty thing of somebody who's going to"}, {"start": "00:27:47", "end": "00:27:51", "text": "put a hit out on somebody has a market"}, {"start": "00:27:49", "end": "00:27:53", "text": "does the hit and and makes money on both"}, {"start": "00:27:51", "end": "00:27:55", "text": "ends, right? But at the end of the day,"}, {"start": "00:27:53", "end": "00:27:56", "text": "we want more information. That's what"}, {"start": "00:27:55", "end": "00:27:59", "text": "markets are bringing us is the"}, {"start": "00:27:56", "end": "00:28:03", "text": "information of the crowd coal into a"}, {"start": "00:27:59", "end": "00:28:06", "text": "price. talk about um Trump and his"}, {"start": "00:28:03", "end": "00:28:07", "text": "promise for Bitcoin, crypto, stable"}, {"start": "00:28:06", "end": "00:28:08", "text": "coins, tokenization, all this stuff. He"}, {"start": "00:28:07", "end": "00:28:10", "text": "kind of came in, I think he was the"}, {"start": "00:28:08", "end": "00:28:11", "text": "first Bitcoin president versus crypto"}, {"start": "00:28:10", "end": "00:28:13", "text": "president. I think a lot of people in"}, {"start": "00:28:11", "end": "00:28:14", "text": "the industry, myself, many others were"}, {"start": "00:28:13", "end": "00:28:17", "text": "like, \"Hey, it's going to be awesome to"}, {"start": "00:28:14", "end": "00:28:18", "text": "have like a Bitcoin, you know, uh uh"}, {"start": "00:28:17", "end": "00:28:20", "text": "sympathizer in the White House. There's"}, {"start": "00:28:18", "end": "00:28:21", "text": "going to be the uh strategic Bitcoin"}, {"start": "00:28:20", "end": "00:28:24", "text": "reserve. There's going to be all this"}, {"start": "00:28:21", "end": "00:28:27", "text": "regulation.\" Bitcoin's basically right"}, {"start": "00:28:24", "end": "00:28:30", "text": "where it was when he first won in"}, {"start": "00:28:27", "end": "00:28:32", "text": "November of 2024. success, failure,"}, {"start": "00:28:30", "end": "00:28:34", "text": "doesn't matter."}, {"start": "00:28:32", "end": "00:28:36", "text": ">> I I'm on the people always ask like,"}, {"start": "00:28:34", "end": "00:28:37", "text": "\"Oh, we need the institutional investors"}, {"start": "00:28:36", "end": "00:28:40", "text": "and this and that and that's why we need"}, {"start": "00:28:37", "end": "00:28:42", "text": "these these bills.\" And I'm like, \"Who"}, {"start": "00:28:40", "end": "00:28:44", "text": "cares? This is a retail driven movement."}, {"start": "00:28:42", "end": "00:28:46", "text": "The reason why we're here, the reason"}, {"start": "00:28:44", "end": "00:28:48", "text": "why this is valuable is because it does"}, {"start": "00:28:46", "end": "00:28:49", "text": "something for people who otherwise don't"}, {"start": "00:28:48", "end": "00:28:51", "text": "have anyone doing anything for them. You"}, {"start": "00:28:49", "end": "00:28:54", "text": "know, the retail person. We want to"}, {"start": "00:28:51", "end": "00:28:56", "text": "create another financial system outside"}, {"start": "00:28:54", "end": "00:28:57", "text": "of the traditional banking system. We've"}, {"start": "00:28:56", "end": "00:28:59", "text": "done that. I mean, it's still an"}, {"start": "00:28:57", "end": "00:29:00", "text": "experiment at the end of the day. This"}, {"start": "00:28:59", "end": "00:29:02", "text": "is why it's valuable. If what you're"}, {"start": "00:29:00", "end": "00:29:04", "text": "saying is we're just going to, you know,"}, {"start": "00:29:02", "end": "00:29:06", "text": "put in a bunch of rules, whatever those"}, {"start": "00:29:04", "end": "00:29:08", "text": "rules are, because we really want the"}, {"start": "00:29:06", "end": "00:29:10", "text": "black rocks and these big funds and"}, {"start": "00:29:08", "end": "00:29:13", "text": "these big banks, you're diluting the"}, {"start": "00:29:10", "end": "00:29:16", "text": "value of what is valuable. Like, Goldman"}, {"start": "00:29:13", "end": "00:29:18", "text": "doesn't care about Bitcoin because"}, {"start": "00:29:16", "end": "00:29:19", "text": "Millennium buys Bitcoin. They care about"}, {"start": "00:29:18", "end": "00:29:21", "text": "it because there's six billion people in"}, {"start": "00:29:19", "end": "00:29:23", "text": "the world, 8 billion people in the world"}, {"start": "00:29:21", "end": "00:29:24", "text": "who otherwise had no financial access"}, {"start": "00:29:23", "end": "00:29:26", "text": "who now have this thing and they're"}, {"start": "00:29:24", "end": "00:29:28", "text": "trading it and they want to get on the"}, {"start": "00:29:26", "end": "00:29:29", "text": "action and make their fees. That's why"}, {"start": "00:29:28", "end": "00:29:33", "text": "it's interesting to them. If this was"}, {"start": "00:29:29", "end": "00:29:34", "text": "just another trady asset, no banks would"}, {"start": "00:29:33", "end": "00:29:36", "text": "be interested in it because it doesn't"}, {"start": "00:29:34", "end": "00:29:38", "text": "make them any money. It's like, you"}, {"start": "00:29:36", "end": "00:29:40", "text": "know, in the exchange game, if all your"}, {"start": "00:29:38", "end": "00:29:42", "text": "exchange is is HFT1 trading against"}, {"start": "00:29:40", "end": "00:29:44", "text": "HFT2,"}, {"start": "00:29:42", "end": "00:29:47", "text": "they don't want that. They want that"}, {"start": "00:29:44", "end": "00:29:49", "text": "organic retail flow to make money off"}, {"start": "00:29:47", "end": "00:29:51", "text": "of. If Bitcoin has no retail bent,"}, {"start": "00:29:49", "end": "00:29:53", "text": "Bitcoin is worthless. And I think that's"}, {"start": "00:29:51", "end": "00:29:54", "text": "what people don't understand, which is"}, {"start": "00:29:53", "end": "00:29:56", "text": "why I say, \"Fuck all these bills. Who"}, {"start": "00:29:54", "end": "00:29:57", "text": "cares? Just DK every single one of"}, {"start": "00:29:56", "end": "00:29:59", "text": "them.\" I hope Trump vetos every single"}, {"start": "00:29:57", "end": "00:30:01", "text": "one of them. We don't need it. We didn't"}, {"start": "00:29:59", "end": "00:30:03", "text": "need it in 2009. We didn't need it in"}, {"start": "00:30:01", "end": "00:30:04", "text": "2018. We certainly don't need it in"}, {"start": "00:30:03", "end": "00:30:07", "text": "2026."}, {"start": "00:30:04", "end": "00:30:08", "text": ">> What about the uh stable coin yield? You"}, {"start": "00:30:07", "end": "00:30:10", "text": "got an opinion on that or you don't give"}, {"start": "00:30:08", "end": "00:30:11", "text": "a [�__�]"}, {"start": "00:30:10", "end": "00:30:13", "text": "I mean, I hope that stable coins are"}, {"start": "00:30:11", "end": "00:30:14", "text": "allowed to offer yielding compete with"}, {"start": "00:30:13", "end": "00:30:16", "text": "the banks, but I think people are really"}, {"start": "00:30:14", "end": "00:30:18", "text": "getting a crash course in politics. And"}, {"start": "00:30:16", "end": "00:30:20", "text": "I've been saying this since day one."}, {"start": "00:30:18", "end": "00:30:23", "text": "Stable coins are, you know, an"}, {"start": "00:30:20", "end": "00:30:25", "text": "extinction event for banks. Why? Because"}, {"start": "00:30:23", "end": "00:30:28", "text": "if I'm JP Morgan and I pay you 10 basis"}, {"start": "00:30:25", "end": "00:30:30", "text": "points on on your uh deposit when the"}, {"start": "00:30:28", "end": "00:30:32", "text": "when the Fed pays you 3 and a half% or"}, {"start": "00:30:30", "end": "00:30:33", "text": "whatever the the T bill yield is,"}, {"start": "00:30:32", "end": "00:30:35", "text": "because I'm JP Morgan and I'm the"}, {"start": "00:30:33", "end": "00:30:36", "text": "biggest bank in America and, you know,"}, {"start": "00:30:35", "end": "00:30:39", "text": "politically connected and what have you"}, {"start": "00:30:36", "end": "00:30:42", "text": "and government guaranteed. Am I going to"}, {"start": "00:30:39", "end": "00:30:44", "text": "allow [�__�] Jeremy Aair to come in"}, {"start": "00:30:42", "end": "00:30:45", "text": "there uh and say, \"Oh yeah, I'm going to"}, {"start": "00:30:44", "end": "00:30:47", "text": "give you three and a half percent. All"}, {"start": "00:30:45", "end": "00:30:48", "text": "you got to do is like tap tap tap on"}, {"start": "00:30:47", "end": "00:30:50", "text": "your phone and all of a sudden your"}, {"start": "00:30:48", "end": "00:30:52", "text": "money left JP Morgan and and went into"}, {"start": "00:30:50", "end": "00:30:54", "text": "the Coinbase custodian and now you're"}, {"start": "00:30:52", "end": "00:30:55", "text": "making three and a half%.\" Of course,"}, {"start": "00:30:54", "end": "00:30:57", "text": "he's not going to allow that to happen."}, {"start": "00:30:55", "end": "00:30:58", "text": "And people are really now understanding"}, {"start": "00:30:57", "end": "00:31:00", "text": "how this politics works. There's a"}, {"start": "00:30:58", "end": "00:31:01", "text": "reason why these [�__�] give"}, {"start": "00:31:00", "end": "00:31:04", "text": "hundreds of mill billions of dollars to"}, {"start": "00:31:01", "end": "00:31:07", "text": "the political process over however many"}, {"start": "00:31:04", "end": "00:31:09", "text": "decades is to make sure that when a you"}, {"start": "00:31:07", "end": "00:31:11", "text": "know a competitor like stable coins with"}, {"start": "00:31:09", "end": "00:31:13", "text": "a yield which is actually a great"}, {"start": "00:31:11", "end": "00:31:15", "text": "product for the end customer [�__�] with"}, {"start": "00:31:13", "end": "00:31:17", "text": "their bottom line which is low yielding"}, {"start": "00:31:15", "end": "00:31:19", "text": "accounts in a higher interest rate"}, {"start": "00:31:17", "end": "00:31:20", "text": "environment. They make sure that the"}, {"start": "00:31:19", "end": "00:31:22", "text": "politicians do what they're paid to do"}, {"start": "00:31:20", "end": "00:31:25", "text": "which is DK these bills. So I hope"}, {"start": "00:31:22", "end": "00:31:27", "text": "people can see what's happening here and"}, {"start": "00:31:25", "end": "00:31:29", "text": "understand how things actually work in"}, {"start": "00:31:27", "end": "00:31:31", "text": "politics. in the real world versus what"}, {"start": "00:31:29", "end": "00:31:32", "text": "you hear on the campaign trail."}, {"start": "00:31:31", "end": "00:31:35", "text": ">> How has your view on some of this stuff"}, {"start": "00:31:32", "end": "00:31:37", "text": "changed after your uh legal situation"}, {"start": "00:31:35", "end": "00:31:38", "text": "with the United States?"}, {"start": "00:31:37", "end": "00:31:39", "text": ">> Hasn't changed at all. I had the same"}, {"start": "00:31:38", "end": "00:31:40", "text": "opinion before. I have the same opinion"}, {"start": "00:31:39", "end": "00:31:42", "text": "afterwards."}, {"start": "00:31:40", "end": "00:31:44", "text": ">> Yeah. Did you learn anything in that"}, {"start": "00:31:42", "end": "00:31:46", "text": "process?"}, {"start": "00:31:44", "end": "00:31:48", "text": ">> Uh confirmation of what I already knew."}, {"start": "00:31:46", "end": "00:31:50", "text": "Now you feel now you feel it viscerally."}, {"start": "00:31:48", "end": "00:31:53", "text": ">> What what does that mean?"}, {"start": "00:31:50", "end": "00:31:55", "text": "Uh I mean the baking system is very"}, {"start": "00:31:53", "end": "00:31:57", "text": "hostile to what we are trying to build"}, {"start": "00:31:55", "end": "00:31:59", "text": "and myself and others have felt the"}, {"start": "00:31:57", "end": "00:32:01", "text": "hostility of those effects in the United"}, {"start": "00:31:59", "end": "00:32:03", "text": "States and all and all around the world"}, {"start": "00:32:01", "end": "00:32:04", "text": "and so I think you know we thought this"}, {"start": "00:32:03", "end": "00:32:06", "text": "was going to be a cute and cuddly little"}, {"start": "00:32:04", "end": "00:32:09", "text": "game. This is a [�__�] war and"}, {"start": "00:32:06", "end": "00:32:12", "text": "unfortunately people get hurt in war."}, {"start": "00:32:09", "end": "00:32:14", "text": ">> You mentioned earlier uh Zcash and"}, {"start": "00:32:12", "end": "00:32:17", "text": "Hyperliquid. You you explained Hyperlid."}, {"start": "00:32:14", "end": "00:32:18", "text": "What what's your thesis on Zcash?"}, {"start": "00:32:17", "end": "00:32:21", "text": ">> So obviously everyone knows it's a"}, {"start": "00:32:18", "end": "00:32:23", "text": "Bitcoiner. It's a synonymous situation,"}, {"start": "00:32:21", "end": "00:32:25", "text": "right? People can see your addresses."}, {"start": "00:32:23", "end": "00:32:26", "text": "They can see what's gone transpired and"}, {"start": "00:32:25", "end": "00:32:29", "text": "there's good and there's bad things"}, {"start": "00:32:26", "end": "00:32:31", "text": "about that, but it's not, you know,"}, {"start": "00:32:29", "end": "00:32:32", "text": "private cash. I don't think Bitcoin will"}, {"start": "00:32:31", "end": "00:32:34", "text": "ever get to that point where it's"}, {"start": "00:32:32", "end": "00:32:37", "text": "completely anonymous. I think just is"}, {"start": "00:32:34", "end": "00:32:40", "text": "how it is now. If you want to have"}, {"start": "00:32:37", "end": "00:32:42", "text": "complete anonymity, especially in an age"}, {"start": "00:32:40", "end": "00:32:45", "text": "of big tech, big government, and AI that"}, {"start": "00:32:42", "end": "00:32:48", "text": "can easily deanmize transactions and put"}, {"start": "00:32:45", "end": "00:32:49", "text": "a physical person to an address, then"}, {"start": "00:32:48", "end": "00:32:51", "text": "you want something like Zcash. Now, I"}, {"start": "00:32:49", "end": "00:32:53", "text": "particularly believe that Zcash is the"}, {"start": "00:32:51", "end": "00:32:55", "text": "best manifestation of this as, you know,"}, {"start": "00:32:53", "end": "00:32:56", "text": "zero knowledge proofs plus Bitcoin, but"}, {"start": "00:32:55", "end": "00:32:58", "text": "other people have other opinions."}, {"start": "00:32:56", "end": "00:32:59", "text": "there's Monero, there's other uh"}, {"start": "00:32:58", "end": "00:33:01", "text": "different type of private privacy"}, {"start": "00:32:59", "end": "00:33:02", "text": "assets, but we're all trying to do the"}, {"start": "00:33:01", "end": "00:33:04", "text": "same thing, which is if you want"}, {"start": "00:33:02", "end": "00:33:07", "text": "complete privacy, and there's good and"}, {"start": "00:33:04", "end": "00:33:10", "text": "there's bad things about that, here is a"}, {"start": "00:33:07", "end": "00:33:12", "text": "protocol for you. Uh and I think we're"}, {"start": "00:33:10", "end": "00:33:15", "text": "going to that desire to have completely"}, {"start": "00:33:12", "end": "00:33:17", "text": "private digital money is going to"}, {"start": "00:33:15", "end": "00:33:20", "text": "increase over time as the ways in which"}, {"start": "00:33:17", "end": "00:33:22", "text": "you know it's easy to deanonymize"}, {"start": "00:33:20", "end": "00:33:23", "text": "Bitcoin you know it doesn't it's not"}, {"start": "00:33:22", "end": "00:33:25", "text": "it's going to be so easy and so trivial"}, {"start": "00:33:23", "end": "00:33:28", "text": "that people oh well I actually wanted"}, {"start": "00:33:25", "end": "00:33:31", "text": "that to be a private transaction for"}, {"start": "00:33:28", "end": "00:33:33", "text": "whatever reason no judgment well then"}, {"start": "00:33:31", "end": "00:33:35", "text": "here's Zcash for you use this instead"}, {"start": "00:33:33", "end": "00:33:38", "text": "right and so that's why I think having"}, {"start": "00:33:35", "end": "00:33:40", "text": "both makes sense and the price of Zcash"}, {"start": "00:33:38", "end": "00:33:43", "text": "is going to go up a lot to reflect this"}, {"start": "00:33:40", "end": "00:33:44", "text": "desire to have privacy over the"}, {"start": "00:33:43", "end": "00:33:46", "text": "internet."}, {"start": "00:33:44", "end": "00:33:48", "text": ">> When you look at these privacy coins, is"}, {"start": "00:33:46", "end": "00:33:50", "text": "this something that really stays outside"}, {"start": "00:33:48", "end": "00:33:53", "text": "the system? We shouldn't expect to see,"}, {"start": "00:33:50", "end": "00:33:54", "text": "you know, the banks, the uh large"}, {"start": "00:33:53", "end": "00:33:57", "text": "financial institutions embracing this"}, {"start": "00:33:54", "end": "00:33:59", "text": "stuff and it's not only the privacy in"}, {"start": "00:33:57", "end": "00:34:00", "text": "terms of the actual usage, but it is the"}, {"start": "00:33:59", "end": "00:34:02", "text": "thing that like doesn't get pulled into"}, {"start": "00:34:00", "end": "00:34:03", "text": "the system like we're seeing with maybe"}, {"start": "00:34:02", "end": "00:34:05", "text": "Bitcoin with ETFs and and all this"}, {"start": "00:34:03", "end": "00:34:06", "text": "stuff."}, {"start": "00:34:05", "end": "00:34:08", "text": ">> I don't think it's compatible with the"}, {"start": "00:34:06", "end": "00:34:10", "text": "system that they're trying to run. It's"}, {"start": "00:34:08", "end": "00:34:12", "text": "almost like cash is not compatible in"}, {"start": "00:34:10", "end": "00:34:14", "text": "this day to the bank, right? Cash made"}, {"start": "00:34:12", "end": "00:34:17", "text": "sense in the time in which it was better"}, {"start": "00:34:14", "end": "00:34:19", "text": "than, you know, having a bar of gold or"}, {"start": "00:34:17", "end": "00:34:20", "text": "some sort of physical commodity, right?"}, {"start": "00:34:19", "end": "00:34:22", "text": "Cash was invented for that particular"}, {"start": "00:34:20", "end": "00:34:23", "text": "purpose. Um, discounting bills and"}, {"start": "00:34:22", "end": "00:34:26", "text": "whatnot. And the banks were all about"}, {"start": "00:34:23", "end": "00:34:28", "text": "cash. But in this digital age where, you"}, {"start": "00:34:26", "end": "00:34:29", "text": "know, the banks are under constant"}, {"start": "00:34:28", "end": "00:34:31", "text": "surveillance from the government for,"}, {"start": "00:34:29", "end": "00:34:33", "text": "you know, where this money come from,"}, {"start": "00:34:31", "end": "00:34:34", "text": "where it's going, and oh, [�__�] this."}, {"start": "00:34:33", "end": "00:34:36", "text": "Why? Why do I have to deal with this"}, {"start": "00:34:34", "end": "00:34:37", "text": "this cashing? I have to physically put"}, {"start": "00:34:36", "end": "00:34:39", "text": "it somewhere. I got to have this branch."}, {"start": "00:34:37", "end": "00:34:41", "text": "This is expensive. Got to hire these"}, {"start": "00:34:39", "end": "00:34:43", "text": "[�__�] humans and you know the security"}, {"start": "00:34:41", "end": "00:34:45", "text": "guards and all this like [�__�] this."}, {"start": "00:34:43", "end": "00:34:47", "text": "Let's just move to digital. You know,"}, {"start": "00:34:45", "end": "00:34:49", "text": "you hold it on my ledger. I let you send"}, {"start": "00:34:47", "end": "00:34:51", "text": "it back and forth, right? So, I don't"}, {"start": "00:34:49", "end": "00:34:52", "text": "think cash makes sense for banks"}, {"start": "00:34:51", "end": "00:34:54", "text": "anymore. It's just very expensive to use"}, {"start": "00:34:52", "end": "00:34:56", "text": "relative to the use case that it"}, {"start": "00:34:54", "end": "00:34:58", "text": "provides in a digital economy. But cash"}, {"start": "00:34:56", "end": "00:35:00", "text": "definitely makes sense for us as"}, {"start": "00:34:58", "end": "00:35:02", "text": "individuals. I love cash, right? I want"}, {"start": "00:35:00", "end": "00:35:03", "text": "to have a private means of of paying for"}, {"start": "00:35:02", "end": "00:35:05", "text": "things. And guess what? The government"}, {"start": "00:35:03", "end": "00:35:06", "text": "loves cash, too. when they want, you"}, {"start": "00:35:05", "end": "00:35:07", "text": "know, when I want to do things off the"}, {"start": "00:35:06", "end": "00:35:09", "text": "book and pay that person they shouldn't"}, {"start": "00:35:07", "end": "00:35:11", "text": "be paying, they're [�__�] using, you"}, {"start": "00:35:09", "end": "00:35:13", "text": "know, stacks of cash, right? And so I"}, {"start": "00:35:11", "end": "00:35:16", "text": "think that the under the the average"}, {"start": "00:35:13", "end": "00:35:18", "text": "person in the government now has a"}, {"start": "00:35:16", "end": "00:35:21", "text": "desire to have a private means of money."}, {"start": "00:35:18", "end": "00:35:23", "text": "The banks, they don't want privacy. It's"}, {"start": "00:35:21", "end": "00:35:26", "text": "just not their business model."}, {"start": "00:35:23", "end": "00:35:27", "text": ">> What are you bearish on in crypto? Like"}, {"start": "00:35:26", "end": "00:35:28", "text": "what do you what is everyone else"}, {"start": "00:35:27", "end": "00:35:30", "text": "excited about that you're like, you guys"}, {"start": "00:35:28", "end": "00:35:33", "text": "are idiots?"}, {"start": "00:35:30", "end": "00:35:34", "text": ">> Uh, pick the next L2 whatever the [�__�]"}, {"start": "00:35:33", "end": "00:35:36", "text": "it's supposed to do. like I'm bearish on"}, {"start": "00:35:34", "end": "00:35:38", "text": "that. I mean, obviously I was I was"}, {"start": "00:35:36", "end": "00:35:40", "text": "bearish on on Monad where it launched"}, {"start": "00:35:38", "end": "00:35:42", "text": "and I haven't looked at the price since"}, {"start": "00:35:40", "end": "00:35:44", "text": "I was getting a little spat with Kony."}, {"start": "00:35:42", "end": "00:35:46", "text": "I'm sure it's down 99% whatever the [�__�]"}, {"start": "00:35:44", "end": "00:35:49", "text": "it is. Like there's just so many"}, {"start": "00:35:46", "end": "00:35:50", "text": "projects that we see, especially at"}, {"start": "00:35:49", "end": "00:35:53", "text": "Mailstrom because we're on the venture"}, {"start": "00:35:50", "end": "00:35:55", "text": "side, they just have no clients, have no"}, {"start": "00:35:53", "end": "00:35:59", "text": "product market fit. And literally, it's"}, {"start": "00:35:55", "end": "00:36:01", "text": "just, you know, how did you gain the pre"}, {"start": "00:35:59", "end": "00:36:04", "text": "the seed you raise from this VC to that"}, {"start": "00:36:01", "end": "00:36:06", "text": "VC and you know, the whole game and it"}, {"start": "00:36:04", "end": "00:36:09", "text": "worked for a while when it was novel and"}, {"start": "00:36:06", "end": "00:36:10", "text": "new, but after the last cycle, we've"}, {"start": "00:36:09", "end": "00:36:13", "text": "seen basically most of these tokens are"}, {"start": "00:36:10", "end": "00:36:15", "text": "down, you know, 90 something%. and they"}, {"start": "00:36:13", "end": "00:36:18", "text": "could be very good projects but the"}, {"start": "00:36:15", "end": "00:36:20", "text": "capital formation was flawed. We need to"}, {"start": "00:36:18", "end": "00:36:23", "text": "get back to basics. I love I think"}, {"start": "00:36:20", "end": "00:36:25", "text": "that's great. However, yes, people lost"}, {"start": "00:36:23", "end": "00:36:27", "text": "a lot of money because the maturity of"}, {"start": "00:36:25", "end": "00:36:29", "text": "the projects was not there, but I think"}, {"start": "00:36:27", "end": "00:36:31", "text": "we're at a different stance. I think if"}, {"start": "00:36:29", "end": "00:36:33", "text": "people are better at assessing whether"}, {"start": "00:36:31", "end": "00:36:34", "text": "or not a team is able to ship something"}, {"start": "00:36:33", "end": "00:36:37", "text": "or whether that something is able to"}, {"start": "00:36:34", "end": "00:36:39", "text": "achieve product market fit, [�__�] the VC"}, {"start": "00:36:37", "end": "00:36:40", "text": "model. Let's go back to funding from the"}, {"start": "00:36:39", "end": "00:36:42", "text": "crowd. And I think we're going to get a"}, {"start": "00:36:40", "end": "00:36:45", "text": "better alignment of incentives, better"}, {"start": "00:36:42", "end": "00:36:47", "text": "capital formation, and better post TGE"}, {"start": "00:36:45", "end": "00:36:49", "text": "token performance."}, {"start": "00:36:47", "end": "00:36:52", "text": ">> I do think that um there's this balance"}, {"start": "00:36:49", "end": "00:36:55", "text": "between the crowdfunding idea versus"}, {"start": "00:36:52", "end": "00:36:57", "text": "execution. But the idea that your"}, {"start": "00:36:55", "end": "00:36:58", "text": "customers, your, you know, community"}, {"start": "00:36:57", "end": "00:37:00", "text": "members, whatever, have an economic"}, {"start": "00:36:58", "end": "00:37:02", "text": "stake, uh feels pretty important. And in"}, {"start": "00:37:00", "end": "00:37:04", "text": "a weird way, like the Trump accounts or"}, {"start": "00:37:02", "end": "00:37:04", "text": "Invest America accounts that they're"}, {"start": "00:37:04", "end": "00:37:06", "text": "they're talking about where they're"}, {"start": "00:37:04", "end": "00:37:07", "text": "going to give $1,000 to every baby, it's"}, {"start": "00:37:06", "end": "00:37:08", "text": "kind of the same thing. They were say,"}, {"start": "00:37:07", "end": "00:37:10", "text": "\"Hey, every citizen is going to get an"}, {"start": "00:37:08", "end": "00:37:11", "text": "economic stake in the system, and we"}, {"start": "00:37:10", "end": "00:37:14", "text": "think that's going to have all these"}, {"start": "00:37:11", "end": "00:37:16", "text": "great benefits.\" That's just a very,"}, {"start": "00:37:14", "end": "00:37:17", "text": "very generalized version of what an ICO"}, {"start": "00:37:16", "end": "00:37:19", "text": "was, right?"}, {"start": "00:37:17", "end": "00:37:20", "text": ">> Yeah. And I guess when you have sin in"}, {"start": "00:37:19", "end": "00:37:21", "text": "the game, then you participate in"}, {"start": "00:37:20", "end": "00:37:23", "text": "particular ways, which is why"}, {"start": "00:37:21", "end": "00:37:25", "text": "governments always support housing"}, {"start": "00:37:23", "end": "00:37:26", "text": "because if you have a physical house in"}, {"start": "00:37:25", "end": "00:37:28", "text": "a particular nation state, then you're"}, {"start": "00:37:26", "end": "00:37:29", "text": "going to essentially be much more"}, {"start": "00:37:28", "end": "00:37:31", "text": "conservative than you otherwise would"}, {"start": "00:37:29", "end": "00:37:35", "text": "have been."}, {"start": "00:37:31", "end": "00:37:36", "text": "Pers seem to be all the rage and it"}, {"start": "00:37:35", "end": "00:37:37", "text": "seems like Wall Street wants in on the"}, {"start": "00:37:36", "end": "00:37:40", "text": "game. I think a lot of people are"}, {"start": "00:37:37", "end": "00:37:41", "text": "talking about pers and crypto. Do you"}, {"start": "00:37:40", "end": "00:37:44", "text": "think it goes to other asset classes and"}, {"start": "00:37:41", "end": "00:37:46", "text": "we see it on Wall Street and you know NY"}, {"start": "00:37:44", "end": "00:37:48", "text": "and NASDAQ and all this stuff or like"}, {"start": "00:37:46", "end": "00:37:49", "text": "how do you see this playing out?"}, {"start": "00:37:48", "end": "00:37:52", "text": ">> I think all those products will fail and"}, {"start": "00:37:49", "end": "00:37:54", "text": "they're not going to fail because of a"}, {"start": "00:37:52", "end": "00:37:58", "text": "poor implementation. They'll fail"}, {"start": "00:37:54", "end": "00:37:59", "text": "because of um clearing. I think this is"}, {"start": "00:37:58", "end": "00:38:02", "text": "the thing that most people don't"}, {"start": "00:37:59", "end": "00:38:04", "text": "understand why this product works. When"}, {"start": "00:38:02", "end": "00:38:06", "text": "you invest in a perp and a crypto"}, {"start": "00:38:04", "end": "00:38:08", "text": "platform, you have a limited loss. You"}, {"start": "00:38:06", "end": "00:38:10", "text": "put in your initial margin or however"}, {"start": "00:38:08", "end": "00:38:12", "text": "much it is, 10%, 1%, what have you."}, {"start": "00:38:10", "end": "00:38:14", "text": "That's all you can lose. The crypto"}, {"start": "00:38:12", "end": "00:38:16", "text": "exchange isn't coming after your entire"}, {"start": "00:38:14", "end": "00:38:18", "text": "financial net worth because we don't"}, {"start": "00:38:16", "end": "00:38:20", "text": "have the heft of the government, the"}, {"start": "00:38:18", "end": "00:38:22", "text": "legal system, and the banking system"}, {"start": "00:38:20", "end": "00:38:24", "text": "there to make good on bankrupt debts. We"}, {"start": "00:38:22", "end": "00:38:26", "text": "only can take what you have, which you"}, {"start": "00:38:24", "end": "00:38:28", "text": "come to the exchange with. And that"}, {"start": "00:38:26", "end": "00:38:30", "text": "allows us to have the high leverage. And"}, {"start": "00:38:28", "end": "00:38:32", "text": "to have have the high leverage, we have"}, {"start": "00:38:30", "end": "00:38:34", "text": "all these socialized loss mechanisms."}, {"start": "00:38:32", "end": "00:38:36", "text": "Now, I know that Wall Street hates this"}, {"start": "00:38:34", "end": "00:38:38", "text": "because they don't want to invest in a"}, {"start": "00:38:36", "end": "00:38:39", "text": "product where you're making money, then"}, {"start": "00:38:38", "end": "00:38:42", "text": "all of a sudden you're not. It's just"}, {"start": "00:38:39", "end": "00:38:43", "text": "not a great way to to trade, and I"}, {"start": "00:38:42", "end": "00:38:45", "text": "completely understand that. Which is"}, {"start": "00:38:43", "end": "00:38:47", "text": "why, you know, when these banks and"}, {"start": "00:38:45", "end": "00:38:49", "text": "these exchanges have pushed to put pers"}, {"start": "00:38:47", "end": "00:38:52", "text": "in the trady arena, they haven't really"}, {"start": "00:38:49", "end": "00:38:56", "text": "gone to the base route of clearing is"}, {"start": "00:38:52", "end": "00:38:58", "text": "broken in a 24/7 internet way. We do it"}, {"start": "00:38:56", "end": "00:39:01", "text": "better in crypto. We all the as the"}, {"start": "00:38:58", "end": "00:39:02", "text": "exchange owners have skin in the game."}, {"start": "00:39:01", "end": "00:39:04", "text": "And if we don't have skin in the game,"}, {"start": "00:39:02", "end": "00:39:06", "text": "we've limited the payouts to make sure"}, {"start": "00:39:04", "end": "00:39:10", "text": "that we're all solvent. So, you know, in"}, {"start": "00:39:06", "end": "00:39:11", "text": "the statistical sense in crypto, we, you"}, {"start": "00:39:10", "end": "00:39:13", "text": "know, have these left tails, left and"}, {"start": "00:39:11", "end": "00:39:15", "text": "right tails, and they're properly"}, {"start": "00:39:13", "end": "00:39:18", "text": "capitalized, which means you don't get"}, {"start": "00:39:15", "end": "00:39:20", "text": "these ridiculous payouts. But in Tradfi,"}, {"start": "00:39:18", "end": "00:39:22", "text": "the left and the right tails are under"}, {"start": "00:39:20", "end": "00:39:24", "text": "capitalized. This is why these, you"}, {"start": "00:39:22", "end": "00:39:26", "text": "know, the Nasim Talebs of the world can"}, {"start": "00:39:24", "end": "00:39:29", "text": "make a lot of money because you can"}, {"start": "00:39:26", "end": "00:39:31", "text": "predict the crisis and you know that the"}, {"start": "00:39:29", "end": "00:39:32", "text": "bank on the other side even if they"}, {"start": "00:39:31", "end": "00:39:34", "text": "can't make good with their own balance"}, {"start": "00:39:32", "end": "00:39:36", "text": "sheet is going to get a bailout from the"}, {"start": "00:39:34", "end": "00:39:39", "text": "Fed just like AIG was bailed off to pay"}, {"start": "00:39:36", "end": "00:39:41", "text": "Goldman Sachs, right? And so that's why"}, {"start": "00:39:39", "end": "00:39:44", "text": "these tales are under capitalized and"}, {"start": "00:39:41", "end": "00:39:45", "text": "trady because of these clearing systems."}, {"start": "00:39:44", "end": "00:39:48", "text": "And if we don't fix these clearing"}, {"start": "00:39:45", "end": "00:39:50", "text": "systems, you cannot have a nice 100x"}, {"start": "00:39:48", "end": "00:39:52", "text": "leveraged per on anything. It just"}, {"start": "00:39:50", "end": "00:39:55", "text": "doesn't make any sense. And the retail"}, {"start": "00:39:52", "end": "00:39:57", "text": "investor wants 100x leverage. They're"}, {"start": "00:39:55", "end": "00:39:59", "text": "not going to say, \"Oh, it's noisy. So,"}, {"start": "00:39:57", "end": "00:40:01", "text": "I'm going to take the 3x leverage and"}, {"start": "00:39:59", "end": "00:40:05", "text": "close on the weekends versus the"}, {"start": "00:40:01", "end": "00:40:06", "text": "hyperlquid 100x leverage, open 24/7, tap"}, {"start": "00:40:05", "end": "00:40:08", "text": "tap tap on my phone, and now I'm"}, {"start": "00:40:06", "end": "00:40:10", "text": "trading.\" And so, that's why I think"}, {"start": "00:40:08", "end": "00:40:14", "text": "that the retail trader is not going to"}, {"start": "00:40:10", "end": "00:40:14", "text": "go to any of these trades"}, {"start": "00:40:14", "end": "00:40:17", "text": "and the citadels trading against each"}, {"start": "00:40:15", "end": "00:40:19", "text": "other. And they're not trading on, you"}, {"start": "00:40:17", "end": "00:40:21", "text": "know, on a traditional futures contract."}, {"start": "00:40:19", "end": "00:40:23", "text": "Now they're trading against each other"}, {"start": "00:40:21", "end": "00:40:24", "text": "on a per and you know great good on them"}, {"start": "00:40:23", "end": "00:40:27", "text": "for making some sort of financial"}, {"start": "00:40:24", "end": "00:40:28", "text": "innovation but for the retail trader who"}, {"start": "00:40:27", "end": "00:40:30", "text": "really matters in this equation it"}, {"start": "00:40:28", "end": "00:40:31", "text": "doesn't [�__�] matter and it's going to"}, {"start": "00:40:30", "end": "00:40:33", "text": "be irrelevant."}, {"start": "00:40:31", "end": "00:40:35", "text": ">> How big can Hyperlid get? Could it be"}, {"start": "00:40:33", "end": "00:40:37", "text": "bigger than NASDAQ and NY?"}, {"start": "00:40:35", "end": "00:40:39", "text": ">> Absolutely. I mean there's what there's"}, {"start": "00:40:37", "end": "00:40:41", "text": "only what 300 million or 400 million"}, {"start": "00:40:39", "end": "00:40:44", "text": "Americans. there's 7 point whatever"}, {"start": "00:40:41", "end": "00:40:46", "text": "billion other people in the world who"}, {"start": "00:40:44", "end": "00:40:48", "text": "want to trade the same stuff too and"}, {"start": "00:40:46", "end": "00:40:51", "text": "they've been barred from trading this"}, {"start": "00:40:48", "end": "00:40:52", "text": "stuff you know up until now and so I"}, {"start": "00:40:51", "end": "00:40:55", "text": "think the sky's is the limit for"}, {"start": "00:40:52", "end": "00:40:57", "text": "hyperlquid or some other exchange that"}, {"start": "00:40:55", "end": "00:41:00", "text": "captures this sort of um decentralized"}, {"start": "00:40:57", "end": "00:41:02", "text": "perex market and this is the dream right"}, {"start": "00:41:00", "end": "00:41:03", "text": "put up any market you want as long as"}, {"start": "00:41:02", "end": "00:41:04", "text": "you put up enough hype to put skin in"}, {"start": "00:41:03", "end": "00:41:07", "text": "the game to make sure you're an honest"}, {"start": "00:41:04", "end": "00:41:10", "text": "operator do whatever you want this is"}, {"start": "00:41:07", "end": "00:41:11", "text": "what crypto is all about and So I think"}, {"start": "00:41:10", "end": "00:41:13", "text": "that the sky is the limit for Hyper"}, {"start": "00:41:11", "end": "00:41:15", "text": "Liquid and which is why I'm so bullish"}, {"start": "00:41:13", "end": "00:41:17", "text": "on a team finally being able to execute"}, {"start": "00:41:15", "end": "00:41:19", "text": "on this vision because again the vision"}, {"start": "00:41:17", "end": "00:41:20", "text": "is not new. People have tried this"}, {"start": "00:41:19", "end": "00:41:22", "text": "vision before. They just have not"}, {"start": "00:41:20", "end": "00:41:24", "text": "executed it as well as Hyperlquid."}, {"start": "00:41:22", "end": "00:41:25", "text": ">> How do you play it? So if somebody hears"}, {"start": "00:41:24", "end": "00:41:26", "text": "this, they're say I didn't know anything"}, {"start": "00:41:25", "end": "00:41:28", "text": "about this. What? You just go buy the"}, {"start": "00:41:26", "end": "00:41:31", "text": "hype token. You go and you buy stuff on"}, {"start": "00:41:28", "end": "00:41:32", "text": "the market. What explain how you're"}, {"start": "00:41:31", "end": "00:41:34", "text": "thinking about Okay, you've got this"}, {"start": "00:41:32", "end": "00:41:36", "text": "thesis. How do you profit from it?"}, {"start": "00:41:34", "end": "00:41:38", "text": ">> Yeah. It's like wouldn't you love to own"}, {"start": "00:41:36", "end": "00:41:39", "text": "a piece of the New York Stock Exchange?"}, {"start": "00:41:38", "end": "00:41:41", "text": "Of course you would. And then you can go"}, {"start": "00:41:39", "end": "00:41:43", "text": "on and you can get a dividend. You can"}, {"start": "00:41:41", "end": "00:41:44", "text": "participate, right? It's the same way,"}, {"start": "00:41:43", "end": "00:41:46", "text": "right? Wouldn't you love to own a piece"}, {"start": "00:41:44", "end": "00:41:48", "text": "of what could become the largest"}, {"start": "00:41:46", "end": "00:41:50", "text": "exchange in human history? Great. Go buy"}, {"start": "00:41:48", "end": "00:41:53", "text": "this token called Hype. Guess what? 97%"}, {"start": "00:41:50", "end": "00:41:55", "text": "of all fees generated from users is used"}, {"start": "00:41:53", "end": "00:41:57", "text": "to buy back the Hype token. So the more"}, {"start": "00:41:55", "end": "00:41:58", "text": "people that trade on Hype, the more fees"}, {"start": "00:41:57", "end": "00:42:00", "text": "generated, the more they buy back the"}, {"start": "00:41:58", "end": "00:42:02", "text": "token and it becomes deflationary. So"}, {"start": "00:42:00", "end": "00:42:04", "text": "that's the story. It's just as simple as"}, {"start": "00:42:02", "end": "00:42:06", "text": "that, right? This is the modern-day"}, {"start": "00:42:04", "end": "00:42:07", "text": "exchange. I would have loved to buy the"}, {"start": "00:42:06", "end": "00:42:10", "text": "New York Stock Exchange right after, you"}, {"start": "00:42:07", "end": "00:42:12", "text": "know, the Black Monday in 1929. What a"}, {"start": "00:42:10", "end": "00:42:14", "text": "great investment. Wouldn't you love to"}, {"start": "00:42:12", "end": "00:42:17", "text": "own the CME when electronic trading"}, {"start": "00:42:14", "end": "00:42:18", "text": "started in the mid90s? Absolutely great"}, {"start": "00:42:17", "end": "00:42:20", "text": "investment. Well, wouldn't you love to"}, {"start": "00:42:18", "end": "00:42:22", "text": "own the exchange that's going to power 8"}, {"start": "00:42:20", "end": "00:42:23", "text": "billion people joining the financial"}, {"start": "00:42:22", "end": "00:42:26", "text": "world of trading? Yeah, that's"}, {"start": "00:42:23", "end": "00:42:27", "text": "hyperlquid."}, {"start": "00:42:26", "end": "00:42:29", "text": "Prediction markets are also coming to"}, {"start": "00:42:27", "end": "00:42:31", "text": "Wall Street. We've seen NY make some big"}, {"start": "00:42:29", "end": "00:42:32", "text": "bets there. Um, do you think that the"}, {"start": "00:42:31", "end": "00:42:35", "text": "prediction markets can be as successful"}, {"start": "00:42:32", "end": "00:42:37", "text": "on Wall Street as they are off?"}, {"start": "00:42:35", "end": "00:42:38", "text": ">> Abs. I mean, as in like nice launching a"}, {"start": "00:42:37", "end": "00:42:40", "text": "prediction market."}, {"start": "00:42:38", "end": "00:42:41", "text": ">> Yeah. Like one of the things I've been"}, {"start": "00:42:40", "end": "00:42:43", "text": "surprised by with the prediction markets"}, {"start": "00:42:41", "end": "00:42:45", "text": "is like sports gambling obviously has"}, {"start": "00:42:43", "end": "00:42:47", "text": "gotten a bunch of, you know, fan fair"}, {"start": "00:42:45", "end": "00:42:50", "text": "etc. And no shock there. Um, but I would"}, {"start": "00:42:47", "end": "00:42:51", "text": "have thought that, hey, I want to buy uh"}, {"start": "00:42:50", "end": "00:42:53", "text": "Tesla stock today because I think"}, {"start": "00:42:51", "end": "00:42:54", "text": "they're going to beat on deliveries. But"}, {"start": "00:42:53", "end": "00:42:56", "text": "rather than make the bet on the stock,"}, {"start": "00:42:54", "end": "00:42:57", "text": "if I could just isolate that economic"}, {"start": "00:42:56", "end": "00:42:59", "text": "data point and I can just bet on is"}, {"start": "00:42:57", "end": "00:43:01", "text": "Tesla gonna beat on deliveries or not."}, {"start": "00:42:59", "end": "00:43:03", "text": "Like as an investor, that's way less"}, {"start": "00:43:01", "end": "00:43:04", "text": "risky. It's like I'm just underwriting"}, {"start": "00:43:03", "end": "00:43:05", "text": "this one thing. I'm not also thinking"}, {"start": "00:43:04", "end": "00:43:07", "text": "about what's going to happen with"}, {"start": "00:43:05", "end": "00:43:08", "text": "revenue and EPS and is Elon going to say"}, {"start": "00:43:07", "end": "00:43:10", "text": "something on the, you know, press"}, {"start": "00:43:08", "end": "00:43:12", "text": "conference and and this whole thing. And"}, {"start": "00:43:10", "end": "00:43:15", "text": "so I would have thought that there'd be"}, {"start": "00:43:12", "end": "00:43:17", "text": "a lot more adoption in the like trady"}, {"start": "00:43:15", "end": "00:43:19", "text": "world. It doesn't seem like that's"}, {"start": "00:43:17", "end": "00:43:20", "text": "really happened yet, but maybe it's"}, {"start": "00:43:19", "end": "00:43:22", "text": "because the venue is not a place that"}, {"start": "00:43:20", "end": "00:43:24", "text": "they're used to trading on. And so if"}, {"start": "00:43:22", "end": "00:43:25", "text": "NIC launches this stuff then maybe that"}, {"start": "00:43:24", "end": "00:43:27", "text": "would change."}, {"start": "00:43:25", "end": "00:43:28", "text": ">> Maybe I mean I think if if NIC is going"}, {"start": "00:43:27", "end": "00:43:30", "text": "to launch binary options like okay you"}, {"start": "00:43:28", "end": "00:43:32", "text": "can trade a fiveminute binary right"}, {"start": "00:43:30", "end": "00:43:34", "text": "before results on Tesla that's going to"}, {"start": "00:43:32", "end": "00:43:36", "text": "be gang busters product in the same way"}, {"start": "00:43:34", "end": "00:43:39", "text": "that zero day options are a gang busters"}, {"start": "00:43:36", "end": "00:43:41", "text": "product in the CBOE. It just comes down"}, {"start": "00:43:39", "end": "00:43:43", "text": "to what are the exchange owners going to"}, {"start": "00:43:41", "end": "00:43:44", "text": "launch and do they understand their"}, {"start": "00:43:43", "end": "00:43:47", "text": "their base customer and what they"}, {"start": "00:43:44", "end": "00:43:49", "text": "actually want. Right? If they can follow"}, {"start": "00:43:47", "end": "00:43:50", "text": "on the advice of what is the zero day"}, {"start": "00:43:49", "end": "00:43:52", "text": "option market has proved which is the"}, {"start": "00:43:50", "end": "00:43:54", "text": "degenerate gambling of the American"}, {"start": "00:43:52", "end": "00:43:57", "text": "investor and they launch you know five"}, {"start": "00:43:54", "end": "00:43:59", "text": "one minute whatever on all these stocks"}, {"start": "00:43:57", "end": "00:44:00", "text": "[�__�] yeah let's go like that's going to"}, {"start": "00:43:59", "end": "00:44:02", "text": "be an amazing product right and I think"}, {"start": "00:44:00", "end": "00:44:05", "text": "it's be very hard for a poly market to"}, {"start": "00:44:02", "end": "00:44:07", "text": "compete with the distribution um lock in"}, {"start": "00:44:05", "end": "00:44:08", "text": "that someone like the has with the banks"}, {"start": "00:44:07", "end": "00:44:10", "text": "and the brokers right they're all in on"}, {"start": "00:44:08", "end": "00:44:11", "text": "this together and they all want to make"}, {"start": "00:44:10", "end": "00:44:14", "text": "money do they really want to make money"}, {"start": "00:44:11", "end": "00:44:16", "text": "big enough that's all the question"}, {"start": "00:44:14", "end": "00:44:17", "text": ">> that I I've never told you this before,"}, {"start": "00:44:16", "end": "00:44:18", "text": "but because I feel like you're the"}, {"start": "00:44:17", "end": "00:44:20", "text": "perfect person, uh I'm not going to go"}, {"start": "00:44:18", "end": "00:44:23", "text": "do this. So, if somebody does it, I just"}, {"start": "00:44:20", "end": "00:44:26", "text": "want to be able to invest. Um I uh years"}, {"start": "00:44:23", "end": "00:44:27", "text": "ago almost did something with Bartool"}, {"start": "00:44:26", "end": "00:44:28", "text": "Sports at the time. And one of the"}, {"start": "00:44:27", "end": "00:44:31", "text": "things we were talking about was"}, {"start": "00:44:28", "end": "00:44:35", "text": "inventing a new sport. And the idea that"}, {"start": "00:44:31", "end": "00:44:38", "text": "we had was to do like a 30 minute heads"}, {"start": "00:44:35", "end": "00:44:40", "text": "up one-on-one trading into the close."}, {"start": "00:44:38", "end": "00:44:41", "text": ">> So like you have you have you know you"}, {"start": "00:44:40", "end": "00:44:44", "text": "verse me. We each have like I don't know"}, {"start": "00:44:41", "end": "00:44:46", "text": "100 grand. anything goes, any amount of"}, {"start": "00:44:44", "end": "00:44:47", "text": "leverage, any asset, anything at the"}, {"start": "00:44:46", "end": "00:44:50", "text": "close. Whoever's got more money wins"}, {"start": "00:44:47", "end": "00:44:52", "text": "that round and you just play this game"}, {"start": "00:44:50", "end": "00:44:53", "text": "and it's like 30 minutes jam-packed. You"}, {"start": "00:44:52", "end": "00:44:55", "text": "know, you may say, you know, almost like"}, {"start": "00:44:53", "end": "00:44:56", "text": "in jeopardy or whatever. You're like,"}, {"start": "00:44:55", "end": "00:44:58", "text": "well, screw it. I got to put it all on,"}, {"start": "00:44:56", "end": "00:45:00", "text": "you know, I got to put it all on red"}, {"start": "00:44:58", "end": "00:45:02", "text": "here because I'm going to lose. And so,"}, {"start": "00:45:00", "end": "00:45:04", "text": "you just get this like action-packed"}, {"start": "00:45:02", "end": "00:45:06", "text": "into the close type action. The problem"}, {"start": "00:45:04", "end": "00:45:08", "text": "is that they don't have products like a"}, {"start": "00:45:06", "end": "00:45:09", "text": "fiveminute binary, you know, type uh"}, {"start": "00:45:08", "end": "00:45:12", "text": "type asset. And so if you introduce that"}, {"start": "00:45:09", "end": "00:45:13", "text": "type of stuff, I do think that trading"}, {"start": "00:45:12", "end": "00:45:15", "text": "has already become entertainment and"}, {"start": "00:45:13", "end": "00:45:17", "text": "sport. But I do think also people are"}, {"start": "00:45:15", "end": "00:45:19", "text": "going to start to try to, you know, how"}, {"start": "00:45:17", "end": "00:45:21", "text": "do you productize this into a a true"}, {"start": "00:45:19", "end": "00:45:23", "text": "sport things that they can monetize"}, {"start": "00:45:21", "end": "00:45:25", "text": "teams, merch, you know, all that kind of"}, {"start": "00:45:23", "end": "00:45:26", "text": "stuff. And maybe it's just the products"}, {"start": "00:45:25", "end": "00:45:27", "text": "are missing for them to be able to do it"}, {"start": "00:45:26", "end": "00:45:29", "text": "well."}, {"start": "00:45:27", "end": "00:45:30", "text": ">> Yeah. I mean, we already pseudo have"}, {"start": "00:45:29", "end": "00:45:32", "text": "this, right? You have all these TV and"}, {"start": "00:45:30", "end": "00:45:34", "text": "social media personalities that are like"}, {"start": "00:45:32", "end": "00:45:36", "text": "investors, right? And they may or may"}, {"start": "00:45:34", "end": "00:45:37", "text": "not make money like a Jim Kramer, but"}, {"start": "00:45:36", "end": "00:45:38", "text": "that doesn't matter. He's not there to"}, {"start": "00:45:37", "end": "00:45:40", "text": "tell you to make money. and he's there"}, {"start": "00:45:38", "end": "00:45:42", "text": "to entertain you while you watch the"}, {"start": "00:45:40", "end": "00:45:44", "text": "markets and this is just a natural"}, {"start": "00:45:42", "end": "00:45:45", "text": "extension of that and I think that's"}, {"start": "00:45:44", "end": "00:45:47", "text": "that's a great idea. They already see it"}, {"start": "00:45:45", "end": "00:45:50", "text": "in South Korea. I think there was during"}, {"start": "00:45:47", "end": "00:45:52", "text": "the KBW last year there is some bar and"}, {"start": "00:45:50", "end": "00:45:53", "text": "soul and they had two screens up and"}, {"start": "00:45:52", "end": "00:45:55", "text": "there were two traders on some sort of"}, {"start": "00:45:53", "end": "00:45:57", "text": "per exchange and they were just like"}, {"start": "00:45:55", "end": "00:45:59", "text": "trading and seeing who could make the"}, {"start": "00:45:57", "end": "00:46:00", "text": "most money and live stream live"}, {"start": "00:45:59", "end": "00:46:02", "text": "streaming themselves. So like this is"}, {"start": "00:46:00", "end": "00:46:03", "text": "absolutely going to happen."}, {"start": "00:46:02", "end": "00:46:05", "text": ">> Yeah. I I I've always just thought it's"}, {"start": "00:46:03", "end": "00:46:07", "text": "interesting because you got this whole"}, {"start": "00:46:05", "end": "00:46:08", "text": "trader world and a lot of those people,"}, {"start": "00:46:07", "end": "00:46:09", "text": "they don't give a [�__�] about sports."}, {"start": "00:46:08", "end": "00:46:09", "text": "They don't care about all this other,"}, {"start": "00:46:09", "end": "00:46:11", "text": "you know, they're just like, hey, I just"}, {"start": "00:46:09", "end": "00:46:13", "text": "want to do trading. And one of the"}, {"start": "00:46:11", "end": "00:46:14", "text": "problems had historically been, okay,"}, {"start": "00:46:13", "end": "00:46:15", "text": "well, what am I going to trade? How much"}, {"start": "00:46:14", "end": "00:46:16", "text": "volatility is there really on these"}, {"start": "00:46:15", "end": "00:46:18", "text": "stocks? You've got all the circuit"}, {"start": "00:46:16", "end": "00:46:19", "text": "breakers, whatever. But you start doing"}, {"start": "00:46:18", "end": "00:46:21", "text": "it, maybe it's not into a close, maybe"}, {"start": "00:46:19", "end": "00:46:22", "text": "it's in crypto, you know, you could"}, {"start": "00:46:21", "end": "00:46:25", "text": "really start to get, you know, pretty"}, {"start": "00:46:22", "end": "00:46:26", "text": "interesting. Um, and then of course, you"}, {"start": "00:46:25", "end": "00:46:28", "text": "know, you want to own the league, you"}, {"start": "00:46:26", "end": "00:46:32", "text": "want to own the teams, you want to be"}, {"start": "00:46:28", "end": "00:46:33", "text": "the like the LP, right? You kind of live"}, {"start": "00:46:32", "end": "00:46:36", "text": "You want to be the LP? You might want to"}, {"start": "00:46:33", "end": "00:46:38", "text": "own the team."}, {"start": "00:46:36", "end": "00:46:39", "text": ">> You want to be like a live golf of"}, {"start": "00:46:38", "end": "00:46:41", "text": "trading, right? You just kind of own the"}, {"start": "00:46:39", "end": "00:46:43", "text": "whole thing. Yeah, maybe actually the LP"}, {"start": "00:46:41", "end": "00:46:46", "text": "is not what you want to do depending on"}, {"start": "00:46:43", "end": "00:46:48", "text": "the on the quality of the trader."}, {"start": "00:46:46", "end": "00:46:49", "text": ">> Um, all right. What uh what what are you"}, {"start": "00:46:48", "end": "00:46:51", "text": "guys doing with this private equity"}, {"start": "00:46:49", "end": "00:46:53", "text": "fund? Explain kind of what the uh the"}, {"start": "00:46:51", "end": "00:46:55", "text": "general thesis there is."}, {"start": "00:46:53", "end": "00:46:57", "text": ">> I mean, I think it's only only gotten"}, {"start": "00:46:55", "end": "00:46:59", "text": "more compelling as the prices of things"}, {"start": "00:46:57", "end": "00:47:00", "text": "have come down, right? There are lots of"}, {"start": "00:46:59", "end": "00:47:02", "text": "great crypto companies that are"}, {"start": "00:47:00", "end": "00:47:05", "text": "non-exchanges that have critical"}, {"start": "00:47:02", "end": "00:47:07", "text": "infrastructure, great cash flows, great"}, {"start": "00:47:05", "end": "00:47:09", "text": "teams that are underappreciated in these"}, {"start": "00:47:07", "end": "00:47:11", "text": "markets. And you know, after these guys"}, {"start": "00:47:09", "end": "00:47:13", "text": "and gals have grinded for 5, 10 years,"}, {"start": "00:47:11", "end": "00:47:14", "text": "they want out, right? And so we're"}, {"start": "00:47:13", "end": "00:47:16", "text": "saying, let's put together a pool of"}, {"start": "00:47:14", "end": "00:47:18", "text": "capital, go to these founders and say,"}, {"start": "00:47:16", "end": "00:47:20", "text": "\"Hey, we don't want you to work under"}, {"start": "00:47:18", "end": "00:47:21", "text": "golden handcuffs for another two or"}, {"start": "00:47:20", "end": "00:47:23", "text": "three years like they would if they took"}, {"start": "00:47:21", "end": "00:47:25", "text": "a b took a price from like a large"}, {"start": "00:47:23", "end": "00:47:27", "text": "strategic like Coinbase or Binance."}, {"start": "00:47:25", "end": "00:47:28", "text": "We'll take you out. you know, through"}, {"start": "00:47:27", "end": "00:47:29", "text": "our network, we're able to put in great"}, {"start": "00:47:28", "end": "00:47:31", "text": "operators,"}, {"start": "00:47:29", "end": "00:47:34", "text": "and we're going to operate this company"}, {"start": "00:47:31", "end": "00:47:36", "text": "for a while, change it a bit, and flip"}, {"start": "00:47:34", "end": "00:47:38", "text": "it to another sponsor uh when the market"}, {"start": "00:47:36", "end": "00:47:40", "text": "recovers. And so, no, we're still"}, {"start": "00:47:38", "end": "00:47:42", "text": "gung-ho on this in on this uh this"}, {"start": "00:47:40", "end": "00:47:44", "text": "vision. Some of the companies that we've"}, {"start": "00:47:42", "end": "00:47:46", "text": "talked to in the past, the pricing has"}, {"start": "00:47:44", "end": "00:47:48", "text": "gotten a lot more reasonable uh reason"}, {"start": "00:47:46", "end": "00:47:50", "text": "uh recently. And so I think this is the"}, {"start": "00:47:48", "end": "00:47:53", "text": "perfect time to be deploying capital"}, {"start": "00:47:50", "end": "00:47:56", "text": "especially on a you know full buyout"}, {"start": "00:47:53", "end": "00:47:58", "text": "equity um stake because again there are"}, {"start": "00:47:56", "end": "00:47:59", "text": "lots of very profitable crypto company."}, {"start": "00:47:58", "end": "00:48:01", "text": "Yeah I'm not talking billions of"}, {"start": "00:47:59", "end": "00:48:04", "text": "dollars. I'm talking $50 hundred million"}, {"start": "00:48:01", "end": "00:48:06", "text": "revenue companies with you know 75% EBIT"}, {"start": "00:48:04", "end": "00:48:08", "text": "do margins that the founder wants to"}, {"start": "00:48:06", "end": "00:48:10", "text": "break and you know we want to be able to"}, {"start": "00:48:08", "end": "00:48:11", "text": "raise the capital to go in there and get"}, {"start": "00:48:10", "end": "00:48:14", "text": "and give that to them."}, {"start": "00:48:11", "end": "00:48:16", "text": ">> That uh that makes sense to me. um where"}, {"start": "00:48:14", "end": "00:48:18", "text": "you want to meet some people where uh"}, {"start": "00:48:16", "end": "00:48:19", "text": "you want to follow you on the internet,"}, {"start": "00:48:18", "end": "00:48:20", "text": "maybe crack some memes, look a couple"}, {"start": "00:48:19", "end": "00:48:22", "text": "frogs here and there."}, {"start": "00:48:20", "end": "00:48:25", "text": ">> Yeah, so I'm on I'm on X, formerly"}, {"start": "00:48:22", "end": "00:48:27", "text": "Twitter, Cryptohaze"}, {"start": "00:48:25", "end": "00:48:28", "text": "uh and Subsec at Crypto Hazes where I"}, {"start": "00:48:27", "end": "00:48:29", "text": "publish my essays."}, {"start": "00:48:28", "end": "00:48:31", "text": ">> You know, my favorite thing is when I"}, {"start": "00:48:29", "end": "00:48:35", "text": "see you just tweet some yatsi. I'm like,"}, {"start": "00:48:31", "end": "00:48:35", "text": "\"Oh, here we go.\""}, {"start": "00:48:35", "end": "00:48:39", "text": ">> Me like, you know, you're doom"}, {"start": "00:48:37", "end": "00:48:42", "text": "scrolling. You gotta stop. Hey, what"}, {"start": "00:48:39", "end": "00:48:44", "text": "what's the yatsi of the day?"}, {"start": "00:48:42", "end": "00:48:46", "text": "I mean, look, it I if I had to sum up"}, {"start": "00:48:44", "end": "00:48:48", "text": "your uh your current market view is"}, {"start": "00:48:46", "end": "00:48:51", "text": "they're going to keep printing money"}, {"start": "00:48:48", "end": "00:48:52", "text": "over time. Bitcoin, gold, hyperlquid,"}, {"start": "00:48:51", "end": "00:48:55", "text": "Zcash, those are the things you like."}, {"start": "00:48:52", "end": "00:48:56", "text": "And then there is a bunch of like crypto"}, {"start": "00:48:55", "end": "00:48:59", "text": "equities in the private market that you"}, {"start": "00:48:56", "end": "00:49:01", "text": "think uh have opportunities that aren't"}, {"start": "00:48:59", "end": "00:49:02", "text": "being capitalized. And so if you can go"}, {"start": "00:49:01", "end": "00:49:04", "text": "and buy those at reasonable prices, you"}, {"start": "00:49:02", "end": "00:49:05", "text": "guys are willing to put in kind of the"}, {"start": "00:49:04", "end": "00:49:06", "text": "sweat equity to uh to turn them around"}, {"start": "00:49:05", "end": "00:49:08", "text": "as well."}, {"start": "00:49:06", "end": "00:49:10", "text": ">> Yeah, absolutely. It's just that simple."}, {"start": "00:49:08", "end": "00:49:12", "text": ">> Yeah. Well, maybe the most surprising"}, {"start": "00:49:10", "end": "00:49:13", "text": "part of this conversation is uh you"}, {"start": "00:49:12", "end": "00:49:15", "text": "don't seem to have anything outside of"}, {"start": "00:49:13", "end": "00:49:17", "text": "US treasuries in the traditional market,"}, {"start": "00:49:15", "end": "00:49:20", "text": "at least in size, and so you you're"}, {"start": "00:49:17", "end": "00:49:22", "text": "still very much concentrated in uh in"}, {"start": "00:49:20", "end": "00:49:24", "text": "kind of the hardcore crypto world."}, {"start": "00:49:22", "end": "00:49:26", "text": ">> Yeah, I'm not I'm not an AI guy. I can't"}, {"start": "00:49:24", "end": "00:49:27", "text": "punt those stocks. It's like at the end"}, {"start": "00:49:26", "end": "00:49:29", "text": "of the day, there's lots of fun to be"}, {"start": "00:49:27", "end": "00:49:33", "text": "had in traditional markets and lots of"}, {"start": "00:49:29", "end": "00:49:35", "text": "very volatile stories to play. I just"}, {"start": "00:49:33", "end": "00:49:37", "text": "prefer to hit tennis balls, ski, drink"}, {"start": "00:49:35", "end": "00:49:39", "text": "wine. I don't want to look at my"}, {"start": "00:49:37", "end": "00:49:41", "text": "screens. So, I do things that I know and"}, {"start": "00:49:39", "end": "00:49:42", "text": "I don't have to be very engaged to do"}, {"start": "00:49:41", "end": "00:49:44", "text": "them."}, {"start": "00:49:42", "end": "00:49:45", "text": ">> Yeah, we all read the the profiles of"}, {"start": "00:49:44", "end": "00:49:47", "text": "you, you know, sitting on your little"}, {"start": "00:49:45", "end": "00:49:48", "text": "[�__�] couch and everything. We saw"}, {"start": "00:49:47", "end": "00:49:49", "text": "Yeah."}, {"start": "00:49:48", "end": "00:49:54", "text": "All right. Thanks for doing it. We'll do"}, {"start": "00:49:49", "end": "00:49:54", "text": "it again soon. Boom. Thanks."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "All right, guys. Everyone wants to know"}, {"start": "00:00:01", "end": "00:00:04", "text": "what the heck is going on with Bitcoin."}, {"start": "00:00:02", "end": "00:00:05", "text": "All these other assets are falling out"}, {"start": "00:00:04", "end": "00:00:07", "text": "of the sky. We got stocks down. We got"}, {"start": "00:00:05", "end": "00:00:09", "text": "gold down. We got bonds down. People are"}, {"start": "00:00:07", "end": "00:00:10", "text": "freaking out. Oil spiked. Everyone's"}, {"start": "00:00:09", "end": "00:00:12", "text": "worried about inflation. And people want"}, {"start": "00:00:10", "end": "00:00:14", "text": "to understand why is Bitcoin still"}, {"start": "00:00:12", "end": "00:00:16", "text": "green? How the heck is it that the asset"}, {"start": "00:00:14", "end": "00:00:18", "text": "that's supposed to be a beta to all risk"}, {"start": "00:00:16", "end": "00:00:20", "text": "somehow up given the geopolitical"}, {"start": "00:00:18", "end": "00:00:22", "text": "conflict? Well, the simple thing is that"}, {"start": "00:00:20", "end": "00:00:24", "text": "we can just go straight to the data."}, {"start": "00:00:22", "end": "00:00:26", "text": "First, let's look at Bitcoin long-term"}, {"start": "00:00:24", "end": "00:00:27", "text": "holders. Bitcoin Archive here shows that"}, {"start": "00:00:26", "end": "00:00:30", "text": "the Bitcoin long-term holders, they've"}, {"start": "00:00:27", "end": "00:00:32", "text": "bought 308,000 Bitcoin recently. Now,"}, {"start": "00:00:30", "end": "00:00:34", "text": "the reason why that's important is if"}, {"start": "00:00:32", "end": "00:00:35", "text": "you have a persistent bid in the market,"}, {"start": "00:00:34", "end": "00:00:38", "text": "then naturally you should expect the"}, {"start": "00:00:35", "end": "00:00:40", "text": "price to find a floor. Some of this is"}, {"start": "00:00:38", "end": "00:00:42", "text": "coming from Strategy or other companies"}, {"start": "00:00:40", "end": "00:00:44", "text": "in the public market. But also, you're"}, {"start": "00:00:42", "end": "00:00:45", "text": "starting to see the OGs, the long-term"}, {"start": "00:00:44", "end": "00:00:47", "text": "holders that have been accumulating for"}, {"start": "00:00:45", "end": "00:00:48", "text": "a long time. They were selling last"}, {"start": "00:00:47", "end": "00:00:50", "text": "year, starting to buy again. That's"}, {"start": "00:00:48", "end": "00:00:52", "text": "usually a pretty good thing. One thing"}, {"start": "00:00:50", "end": "00:00:54", "text": "to remember is that Bitcoin's volatility"}, {"start": "00:00:52", "end": "00:00:56", "text": "was like an 80 or 90 vol asset, but now"}, {"start": "00:00:54", "end": "00:00:58", "text": "that's compressed down to like 35 or 40."}, {"start": "00:00:56", "end": "00:01:00", "text": "So basically got cut in half or so."}, {"start": "00:00:58", "end": "00:01:02", "text": "Well, that makes sense if all of a"}, {"start": "00:01:00", "end": "00:01:04", "text": "sudden the draw downs used to be 80% 85%"}, {"start": "00:01:02", "end": "00:01:06", "text": "in bare markets, but now it's only been"}, {"start": "00:01:04", "end": "00:01:07", "text": "about 50. I don't know. I'm not a"}, {"start": "00:01:06", "end": "00:01:09", "text": "mathematician, but that seems to be"}, {"start": "00:01:07", "end": "00:01:10", "text": "working in our favor. Now, the other"}, {"start": "00:01:09", "end": "00:01:13", "text": "reason why I think that there is quite a"}, {"start": "00:01:10", "end": "00:01:15", "text": "bit of excitement and enthusiasm is that"}, {"start": "00:01:13", "end": "00:01:18", "text": "Morgan Stanley recently filed to"}, {"start": "00:01:15", "end": "00:01:20", "text": "actually publish a Bitcoin ETF. They see"}, {"start": "00:01:18", "end": "00:01:22", "text": "what Black Rockck's doing. They see all"}, {"start": "00:01:20", "end": "00:01:24", "text": "the money that's being printed. Black"}, {"start": "00:01:22", "end": "00:01:25", "text": "Rockck is now a Bitcoin company. They"}, {"start": "00:01:24", "end": "00:01:27", "text": "literally make more money from their"}, {"start": "00:01:25", "end": "00:01:29", "text": "Bitcoin ETF than any other product in"}, {"start": "00:01:27", "end": "00:01:31", "text": "their suite. Congratulations to them."}, {"start": "00:01:29", "end": "00:01:33", "text": "Super smart of them to launch it. And"}, {"start": "00:01:31", "end": "00:01:34", "text": "obviously, it's been very successful."}, {"start": "00:01:33", "end": "00:01:37", "text": "Fidelity, they're in the game. You got"}, {"start": "00:01:34", "end": "00:01:38", "text": "companies like Bitwise or Van, they're"}, {"start": "00:01:37", "end": "00:01:40", "text": "all trying to get a piece of this pie."}, {"start": "00:01:38", "end": "00:01:41", "text": "And guess what? Morgan Stanley, they"}, {"start": "00:01:40", "end": "00:01:43", "text": "ain't going to sit by and let this thing"}, {"start": "00:01:41", "end": "00:01:45", "text": "go without them. And so Eric Balchunis"}, {"start": "00:01:43", "end": "00:01:48", "text": "over at Bloomberg, he says that we are"}, {"start": "00:01:45", "end": "00:01:50", "text": "going to see the Morgan Stanley ETF go"}, {"start": "00:01:48", "end": "00:01:52", "text": "live this week, it's obviously going to"}, {"start": "00:01:50", "end": "00:01:54", "text": "be a very big deal. But if we have"}, {"start": "00:01:52", "end": "00:01:56", "text": "long-term holders accumulating and now"}, {"start": "00:01:54", "end": "00:01:58", "text": "we've got a net new thing like the"}, {"start": "00:01:56", "end": "00:02:00", "text": "Morgan Stanley ETF, which has massive"}, {"start": "00:01:58", "end": "00:02:02", "text": "distribution due to their sales team,"}, {"start": "00:02:00", "end": "00:02:05", "text": "what's likely to happen? Well, in my"}, {"start": "00:02:02", "end": "00:02:08", "text": "eyes, it makes Bitcoin the shining light"}, {"start": "00:02:05", "end": "00:02:09", "text": "in a sea of red according to Iran. Now,"}, {"start": "00:02:08", "end": "00:02:11", "text": "why do I say according to the Iran"}, {"start": "00:02:09", "end": "00:02:12", "text": "conflict? Well, if you think about"}, {"start": "00:02:11", "end": "00:02:14", "text": "what's been happening is investors are"}, {"start": "00:02:12", "end": "00:02:16", "text": "scared. There's uncertainty. There's"}, {"start": "00:02:14", "end": "00:02:18", "text": "chaos. When's this thing going to end?"}, {"start": "00:02:16", "end": "00:02:20", "text": "Are we going to bomb away civilization?"}, {"start": "00:02:18", "end": "00:02:22", "text": "Are we going to take out every bridge,"}, {"start": "00:02:20", "end": "00:02:23", "text": "every energy facility? Or are we just"}, {"start": "00:02:22", "end": "00:02:26", "text": "going to say, \"Hey, you know what? We"}, {"start": "00:02:23", "end": "00:02:28", "text": "win. We killed a bunch of people and we"}, {"start": "00:02:26", "end": "00:02:29", "text": "took out their regime and now we're just"}, {"start": "00:02:28", "end": "00:02:31", "text": "going to go home and let the rest of the"}, {"start": "00:02:29", "end": "00:02:32", "text": "world fight it out over the street.\" I"}, {"start": "00:02:31", "end": "00:02:34", "text": "don't know what we're going to do."}, {"start": "00:02:32", "end": "00:02:36", "text": "Frankly, it's way above my pay grade."}, {"start": "00:02:34", "end": "00:02:37", "text": "But what I do know is that investors are"}, {"start": "00:02:36", "end": "00:02:39", "text": "trying to figure it out right now and"}, {"start": "00:02:37", "end": "00:02:41", "text": "they seem to be flocking to Bitcoin"}, {"start": "00:02:39", "end": "00:02:42", "text": "because it is a digital decentralized"}, {"start": "00:02:41", "end": "00:02:45", "text": "non-s sovereign asset that isn't tied to"}, {"start": "00:02:42", "end": "00:02:47", "text": "anyone country. That obviously is really"}, {"start": "00:02:45", "end": "00:02:49", "text": "valuable. Now I went on CNBC recently"}, {"start": "00:02:47", "end": "00:02:50", "text": "and I talked about this and so take a"}, {"start": "00:02:49", "end": "00:02:52", "text": "listen to how I described it to Andrew"}, {"start": "00:02:50", "end": "00:02:55", "text": "Ross Sorcin. Bitcoin's been the shining"}, {"start": "00:02:52", "end": "00:02:57", "text": "light over uh the Iran conflict. I mean,"}, {"start": "00:02:55", "end": "00:02:59", "text": "stocks are down, you see uh bonds going"}, {"start": "00:02:57", "end": "00:03:01", "text": "down, you see gold going down, Bitcoin"}, {"start": "00:02:59", "end": "00:03:03", "text": "has been flat to slightly up. And I"}, {"start": "00:03:01", "end": "00:03:04", "text": "don't know if you can take a victory lap"}, {"start": "00:03:03", "end": "00:03:06", "text": "in the sense of over the last year, it's"}, {"start": "00:03:04", "end": "00:03:08", "text": "been the opposite. Bitcoin's been down"}, {"start": "00:03:06", "end": "00:03:09", "text": "and those assets have been up. But I do"}, {"start": "00:03:08", "end": "00:03:10", "text": "think that people are saying to"}, {"start": "00:03:09", "end": "00:03:12", "text": "themselves, well, I thought that Bitcoin"}, {"start": "00:03:10", "end": "00:03:14", "text": "was supposed to just be kind of beta to"}, {"start": "00:03:12", "end": "00:03:15", "text": "the rest of these risk assets. And so,"}, {"start": "00:03:14", "end": "00:03:17", "text": "if everything else is selling off, why"}, {"start": "00:03:15", "end": "00:03:18", "text": "is Bitcoin not selling off? And so, I do"}, {"start": "00:03:17", "end": "00:03:20", "text": "think that there's a little bit of light"}, {"start": "00:03:18", "end": "00:03:21", "text": "at the end of the tunnel for uh Bitcoin"}, {"start": "00:03:20", "end": "00:03:23", "text": "investors who have been taking a couple"}, {"start": "00:03:21", "end": "00:03:25", "text": "of beats. think this was just a Bitcoin"}, {"start": "00:03:23", "end": "00:03:26", "text": "winter and we're now in some kind of"}, {"start": "00:03:25", "end": "00:03:28", "text": "pseudo pseudo summer. I"}, {"start": "00:03:26", "end": "00:03:29", "text": ">> I think that volatility has"}, {"start": "00:03:28", "end": "00:03:31", "text": "significantly compressed in Bitcoin. It"}, {"start": "00:03:29", "end": "00:03:33", "text": "was, you know, an 8090 ball asset. Now"}, {"start": "00:03:31", "end": "00:03:34", "text": "it's like a 40 ball asset. It drew down"}, {"start": "00:03:33", "end": "00:03:36", "text": "50%. That's kind of what you would"}, {"start": "00:03:34", "end": "00:03:37", "text": "expect in that kind of volatility"}, {"start": "00:03:36", "end": "00:03:39", "text": "environment. And I think that there's"}, {"start": "00:03:37", "end": "00:03:42", "text": "just a lot of people who hold Bitcoin"}, {"start": "00:03:39", "end": "00:03:44", "text": "who say, look, I like it at 60 plus,000"}, {"start": "00:03:42", "end": "00:03:46", "text": "and the geopolitical uncertainty and"}, {"start": "00:03:44", "end": "00:03:48", "text": "chaos actually makes me want to own more"}, {"start": "00:03:46", "end": "00:03:50", "text": "Bitcoin rather than less because this"}, {"start": "00:03:48", "end": "00:03:50", "text": "thing is neutral and isn't subject to"}, {"start": "00:03:50", "end": "00:03:52", "text": "any one country."}, {"start": "00:03:50", "end": "00:03:54", "text": ">> Is it happening? uh from individuals or"}, {"start": "00:03:52", "end": "00:03:54", "text": "do you think it's through ETFs or what"}, {"start": "00:03:54", "end": "00:03:56", "text": "do you think is happening?"}, {"start": "00:03:54", "end": "00:03:57", "text": ">> I think it's a little bit of everything,"}, {"start": "00:03:56", "end": "00:03:59", "text": "right? One of the things that people"}, {"start": "00:03:57", "end": "00:04:01", "text": "have long talked about with Bitcoin is"}, {"start": "00:03:59", "end": "00:04:02", "text": "how do we get mass adoption and that was"}, {"start": "00:04:01", "end": "00:04:04", "text": "the kind of the phrase everyone used and"}, {"start": "00:04:02", "end": "00:04:05", "text": "this is what mass adoption looks like is"}, {"start": "00:04:04", "end": "00:04:07", "text": "you have individuals, you have"}, {"start": "00:04:05", "end": "00:04:08", "text": "companies, you have ETFs, you have"}, {"start": "00:04:07", "end": "00:04:10", "text": ">> that mean that the price discovery"}, {"start": "00:04:08", "end": "00:04:11", "text": "suggests that this is not on its way to"}, {"start": "00:04:10", "end": "00:04:14", "text": "the moon."}, {"start": "00:04:11", "end": "00:04:15", "text": ">> Well, I think you maybe arguably has"}, {"start": "00:04:14", "end": "00:04:17", "text": "been more stable than some of these"}, {"start": "00:04:15", "end": "00:04:19", "text": "other things you're describing. But at"}, {"start": "00:04:17", "end": "00:04:20", "text": "the same time, we've had Kathy Wood and"}, {"start": "00:04:19", "end": "00:04:21", "text": "so many other people, by the way,"}, {"start": "00:04:20", "end": "00:04:26", "text": "including yourself, I think, who've"}, {"start": "00:04:21", "end": "00:04:28", "text": "talked about I was thinking about uh um"}, {"start": "00:04:26", "end": "00:04:30", "text": "Tom Lee talked about, you know, half a"}, {"start": "00:04:28", "end": "00:04:33", "text": "million dollars, a million dollars of"}, {"start": "00:04:30", "end": "00:04:34", "text": "Bitcoin, and we obviously have"}, {"start": "00:04:33", "end": "00:04:36", "text": ">> Yeah, I I think if you look at gold as a"}, {"start": "00:04:34", "end": "00:04:38", "text": "good example, people used to talk about"}, {"start": "00:04:36", "end": "00:04:39", "text": "$5,000 gold price and it was at $1,800"}, {"start": "00:04:38", "end": "00:04:41", "text": "and everyone kind of thought it sounded"}, {"start": "00:04:39", "end": "00:04:42", "text": "crazy, right? It it will get there. I"}, {"start": "00:04:41", "end": "00:04:44", "text": "think Bitcoin is a very similar thing."}, {"start": "00:04:42", "end": "00:04:46", "text": "What the time frame is is very, very"}, {"start": "00:04:44", "end": "00:04:47", "text": "hard to nail down. Um but what I will"}, {"start": "00:04:46", "end": "00:04:48", "text": "say is just look at the compound annual"}, {"start": "00:04:47", "end": "00:04:50", "text": "growth rate. You know if the stock"}, {"start": "00:04:48", "end": "00:04:51", "text": "market compounds at 8 to 10% a year,"}, {"start": "00:04:50", "end": "00:04:52", "text": "Bitcoin should do something that is"}, {"start": "00:04:51", "end": "00:04:54", "text": "multiples of that."}, {"start": "00:04:52", "end": "00:04:56", "text": ">> But are you seeing the corporates I mean"}, {"start": "00:04:54", "end": "00:04:58", "text": "there was a whole argument that that"}, {"start": "00:04:56", "end": "00:05:00", "text": "corporate sovereigns the sort of big"}, {"start": "00:04:58", "end": "00:05:02", "text": "institutional money was going to end up"}, {"start": "00:05:00", "end": "00:05:04", "text": "in Bitcoin and we talked about that"}, {"start": "00:05:02", "end": "00:05:05", "text": "almost endlessly around this table about"}, {"start": "00:05:04", "end": "00:05:08", "text": "a year ago and that was what was going"}, {"start": "00:05:05", "end": "00:05:09", "text": "to drive the price and that doesn't"}, {"start": "00:05:08", "end": "00:05:10", "text": "appear to be happening."}, {"start": "00:05:09", "end": "00:05:11", "text": ">> There's two things that have happened."}, {"start": "00:05:10", "end": "00:05:13", "text": "One is I think that there are a lot of"}, {"start": "00:05:11", "end": "00:05:15", "text": "countries who are saying hey how do I"}, {"start": "00:05:13", "end": "00:05:16", "text": "participate in this without explicitly"}, {"start": "00:05:15", "end": "00:05:18", "text": "going and buying Bitcoin itself and so"}, {"start": "00:05:16", "end": "00:05:20", "text": "you see them doing things like JVS on"}, {"start": "00:05:18", "end": "00:05:21", "text": "the mining side and stuff like that"}, {"start": "00:05:20", "end": "00:05:23", "text": "especially the Gulf countries uh but"}, {"start": "00:05:21", "end": "00:05:25", "text": "also you've seen a number of disclosures"}, {"start": "00:05:23", "end": "00:05:26", "text": "where country sovereign wealth funds"}, {"start": "00:05:25", "end": "00:05:28", "text": "have gone and taken positions in the ETF"}, {"start": "00:05:26", "end": "00:05:30", "text": "and so I don't think it's you know kind"}, {"start": "00:05:28", "end": "00:05:32", "text": "of this like uh chaotic enthusiastic"}, {"start": "00:05:30", "end": "00:05:33", "text": "handoverfist buying of Bitcoin that"}, {"start": "00:05:32", "end": "00:05:35", "text": "people thought they were going to do in"}, {"start": "00:05:33", "end": "00:05:37", "text": "their central bank but I do think that"}, {"start": "00:05:35", "end": "00:05:38", "text": "there has been you know allocations that"}, {"start": "00:05:37", "end": "00:05:40", "text": "we didn't have just two years ago and"}, {"start": "00:05:38", "end": "00:05:43", "text": "that you know it's kind of like"}, {"start": "00:05:40", "end": "00:05:44", "text": "uh slowly and then all of a sudden and I"}, {"start": "00:05:43", "end": "00:05:44", "text": "think that's probably what we'll see"}, {"start": "00:05:44", "end": "00:05:45", "text": "here."}, {"start": "00:05:44", "end": "00:05:47", "text": ">> Now, the reason why I think that this is"}, {"start": "00:05:45", "end": "00:05:48", "text": "interesting is because my friend Mel"}, {"start": "00:05:47", "end": "00:05:49", "text": "Madison, he recently said something"}, {"start": "00:05:48", "end": "00:05:52", "text": "pretty interesting. He said that"}, {"start": "00:05:49", "end": "00:05:54", "text": "narrative follows price. A lot of people"}, {"start": "00:05:52", "end": "00:05:56", "text": "think that the price goes up once the"}, {"start": "00:05:54", "end": "00:05:58", "text": "narrative changes. But everyone's been"}, {"start": "00:05:56", "end": "00:06:00", "text": "through the euphoria phase. All of a"}, {"start": "00:05:58", "end": "00:06:01", "text": "sudden, price is down. Everyone feels"}, {"start": "00:06:00", "end": "00:06:03", "text": "real bad. Sentiment's in the toilet."}, {"start": "00:06:01", "end": "00:06:05", "text": "Then price starts a little jump."}, {"start": "00:06:03", "end": "00:06:07", "text": "Everyone starts to get excited again. So"}, {"start": "00:06:05", "end": "00:06:08", "text": "narrative follows price. And so the way"}, {"start": "00:06:07", "end": "00:06:10", "text": "to think about this is that there's no"}, {"start": "00:06:08", "end": "00:06:12", "text": "great Bitcoin narrative according to Mel"}, {"start": "00:06:10", "end": "00:06:14", "text": "right now. And the chart tells a very"}, {"start": "00:06:12", "end": "00:06:16", "text": "different story. He says, \"Here is where"}, {"start": "00:06:14", "end": "00:06:17", "text": "you buy. Only four times in the last 5"}, {"start": "00:06:16", "end": "00:06:19", "text": "years have you had this opportunity."}, {"start": "00:06:17", "end": "00:06:21", "text": "I've kept my mouth shut.\" He says on"}, {"start": "00:06:19", "end": "00:06:24", "text": "Bitcoin in recent months, but this is"}, {"start": "00:06:21", "end": "00:06:26", "text": "it. What a big statement from Mel. It"}, {"start": "00:06:24", "end": "00:06:27", "text": "was clear on Sunday as futures opened."}, {"start": "00:06:26", "end": "00:06:29", "text": "Everything was down but Bitcoin. Then"}, {"start": "00:06:27", "end": "00:06:31", "text": "all the other markets followed Bitcoin"}, {"start": "00:06:29", "end": "00:06:34", "text": "up. Bouncing at this level for 6 to8"}, {"start": "00:06:31", "end": "00:06:36", "text": "weeks is normal. That bouncing is done."}, {"start": "00:06:34", "end": "00:06:39", "text": "Time to move up. Bitcoin futures. IBIT"}, {"start": "00:06:36", "end": "00:06:41", "text": "call spreads etc. I've added to all of"}, {"start": "00:06:39", "end": "00:06:43", "text": "them today. Now Mel Madison is a smart"}, {"start": "00:06:41", "end": "00:06:44", "text": "guy and obviously he does a lot of"}, {"start": "00:06:43", "end": "00:06:46", "text": "technical analysis. He thinks that we"}, {"start": "00:06:44", "end": "00:06:48", "text": "are at the breaking point that Bitcoin"}, {"start": "00:06:46", "end": "00:06:50", "text": "has had enough the bare market he's"}, {"start": "00:06:48", "end": "00:06:51", "text": "declaring it over. Let's see what"}, {"start": "00:06:50", "end": "00:06:53", "text": "happens. I'm not sure. I don't know if"}, {"start": "00:06:51", "end": "00:06:54", "text": "it goes up, down, sideways or backwards."}, {"start": "00:06:53", "end": "00:06:56", "text": "What I do know though is I like Bitcoin"}, {"start": "00:06:54", "end": "00:06:58", "text": "over a long period of time. Now if you"}, {"start": "00:06:56", "end": "00:06:59", "text": "also go and you take a look at Binance"}, {"start": "00:06:58", "end": "00:07:01", "text": "again, Binance has really called out the"}, {"start": "00:06:59", "end": "00:07:03", "text": "fact that Bitcoin has been the shining"}, {"start": "00:07:01", "end": "00:07:06", "text": "light. They say that since the conflict"}, {"start": "00:07:03", "end": "00:07:07", "text": "began, Bitcoin and Ethereum both, well,"}, {"start": "00:07:06", "end": "00:07:08", "text": "I know we don't really like Ethereum"}, {"start": "00:07:07", "end": "00:07:10", "text": "over here so much, but Bitcoin and"}, {"start": "00:07:08", "end": "00:07:13", "text": "Ethereum both are up positive somewhere"}, {"start": "00:07:10", "end": "00:07:15", "text": "in the single digits. That's through 32"}, {"start": "00:07:13", "end": "00:07:17", "text": "days of the conflict. But at the same"}, {"start": "00:07:15", "end": "00:07:19", "text": "time, the S&P that's been down 8%, Mag 7"}, {"start": "00:07:17", "end": "00:07:22", "text": "down 10, semiconductor stocks down 12,"}, {"start": "00:07:19", "end": "00:07:25", "text": "and Goldfelt 13%. Those are big, big"}, {"start": "00:07:22", "end": "00:07:26", "text": "numbers. But maybe more importantly to"}, {"start": "00:07:25", "end": "00:07:29", "text": "me, and what I find more interesting is"}, {"start": "00:07:26", "end": "00:07:31", "text": "Da Vinci Jeremy. He's been an OG. This"}, {"start": "00:07:29", "end": "00:07:33", "text": "guy's got one of the most gangster"}, {"start": "00:07:31", "end": "00:07:34", "text": "videos I've ever seen on the internet"}, {"start": "00:07:33", "end": "00:07:36", "text": "telling people, \"Go look at Bitcoin. Go"}, {"start": "00:07:34", "end": "00:07:38", "text": "buy Bitcoin at like a dollar.\" He"}, {"start": "00:07:36", "end": "00:07:40", "text": "tweeted out and said that Gayscale"}, {"start": "00:07:38", "end": "00:07:42", "text": "tracked the top 15 cryptos every year"}, {"start": "00:07:40", "end": "00:07:45", "text": "since 2018. Every single coin got"}, {"start": "00:07:42", "end": "00:07:48", "text": "replaced. XRP, Ethereum, Cardano,"}, {"start": "00:07:45", "end": "00:07:49", "text": "Litecoin, IOTA, NEM, Dash, all rotated"}, {"start": "00:07:48", "end": "00:07:51", "text": "out. I don't even know what some of"}, {"start": "00:07:49", "end": "00:07:54", "text": "those are. He says new names show up"}, {"start": "00:07:51", "end": "00:07:57", "text": "every cycle. Salana, Tron, Hyperliquid."}, {"start": "00:07:54", "end": "00:07:59", "text": "They come and go. Only one has held the"}, {"start": "00:07:57", "end": "00:08:02", "text": "number one position for eight straight"}, {"start": "00:07:59", "end": "00:08:04", "text": "years without ever moving hashbitcoin."}, {"start": "00:08:02", "end": "00:08:07", "text": "There is no second best. There is no"}, {"start": "00:08:04", "end": "00:08:09", "text": "competitor. There is no next Bitcoin."}, {"start": "00:08:07", "end": "00:08:12", "text": "There's Bitcoin and there's everything"}, {"start": "00:08:09", "end": "00:08:13", "text": "else. And it's not just Da Vinci. Da"}, {"start": "00:08:12", "end": "00:08:15", "text": "Vinci, smart guy, man. I really, really"}, {"start": "00:08:13", "end": "00:08:17", "text": "like him. But guess what? My friend"}, {"start": "00:08:15", "end": "00:08:19", "text": "Jordi Visser, he recently told me why he"}, {"start": "00:08:17", "end": "00:08:21", "text": "thinks Bitcoin's going to win. He thinks"}, {"start": "00:08:19", "end": "00:08:22", "text": "that this is going to be a massive year"}, {"start": "00:08:21", "end": "00:08:24", "text": "for Bitcoin. Take a listen to what"}, {"start": "00:08:22", "end": "00:08:26", "text": "Jord's logic is. In the 1970s, do you"}, {"start": "00:08:24", "end": "00:08:28", "text": "guys want to know what the debt to GDP"}, {"start": "00:08:26", "end": "00:08:32", "text": "of the country was? Well, at that time"}, {"start": "00:08:28", "end": "00:08:35", "text": "it was 30%. Between 30 and 35, the"}, {"start": "00:08:32", "end": "00:08:36", "text": "equity market was 40%. So now we are at"}, {"start": "00:08:35", "end": "00:08:40", "text": "120 on the debt side. So we're three"}, {"start": "00:08:36", "end": "00:08:43", "text": "times the 40. And on the equity side, we"}, {"start": "00:08:40", "end": "00:08:46", "text": "are seven times the size."}, {"start": "00:08:43", "end": "00:08:48", "text": ">> So what that means is they may want to"}, {"start": "00:08:46", "end": "00:08:51", "text": "do something, they may want to fight"}, {"start": "00:08:48", "end": "00:08:54", "text": "inflation, they cannot. So for Bitcoin,"}, {"start": "00:08:51", "end": "00:08:57", "text": "it is going to win for all of the"}, {"start": "00:08:54", "end": "00:08:58", "text": "reasons. We need cryptography. We need"}, {"start": "00:08:57", "end": "00:09:00", "text": "something that doesn't have a moat. I I"}, {"start": "00:08:58", "end": "00:09:02", "text": "I'm just telling you when they make that"}, {"start": "00:09:00", "end": "00:09:04", "text": "decision to cut rates while inflation is"}, {"start": "00:09:02", "end": "00:09:06", "text": "high. I don't want to be the one"}, {"start": "00:09:04", "end": "00:09:08", "text": "sitting. That is the moment to me that"}, {"start": "00:09:06", "end": "00:09:09", "text": "they're going to have to come with"}, {"start": "00:09:08", "end": "00:09:11", "text": "something. You've got pressure from the"}, {"start": "00:09:09", "end": "00:09:13", "text": "White House. Is it an independent Fed?"}, {"start": "00:09:11", "end": "00:09:14", "text": "All of the things there and I don't"}, {"start": "00:09:13", "end": "00:09:16", "text": "think there's going to be a recession."}, {"start": "00:09:14", "end": "00:09:19", "text": "So no recession, inflation on the higher"}, {"start": "00:09:16", "end": "00:09:21", "text": "side. Run it hot. debasement happens"}, {"start": "00:09:19", "end": "00:09:24", "text": "through a stock market which kind of"}, {"start": "00:09:21", "end": "00:09:25", "text": "burns off that 220% and my ultimate"}, {"start": "00:09:24", "end": "00:09:28", "text": "vision is that through multiple"}, {"start": "00:09:25", "end": "00:09:31", "text": "compression in 10 years the equity"}, {"start": "00:09:28", "end": "00:09:34", "text": "market relative to GDP gets back to 100%"}, {"start": "00:09:31", "end": "00:09:38", "text": "which used to be the cap now for that to"}, {"start": "00:09:34", "end": "00:09:39", "text": "happen if we compound GDP at 7% nomally"}, {"start": "00:09:38", "end": "00:09:42", "text": "for the next 10 years for those of you"}, {"start": "00:09:39", "end": "00:09:44", "text": "playing the rule of 72 book um that"}, {"start": "00:09:42", "end": "00:09:45", "text": "means we will have doubled GDP to 60"}, {"start": "00:09:44", "end": "00:09:47", "text": "trillion which is right where the equity"}, {"start": "00:09:45", "end": "00:09:48", "text": "market is so if the equity market is"}, {"start": "00:09:47", "end": "00:09:50", "text": "unchanged for a decade We've had"}, {"start": "00:09:48", "end": "00:09:52", "text": "debasement of the stock market. The"}, {"start": "00:09:50", "end": "00:09:54", "text": "money is still going to look for"}, {"start": "00:09:52", "end": "00:09:55", "text": "returns. And the reason I say this, we"}, {"start": "00:09:54", "end": "00:09:57", "text": "can't have it collapse, but we can have"}, {"start": "00:09:55", "end": "00:09:59", "text": "it go sideways and the transfer goes"}, {"start": "00:09:57", "end": "00:10:01", "text": "from wealthy people that own assets and"}, {"start": "00:09:59", "end": "00:10:03", "text": "it goes to people who own Bitcoin. And"}, {"start": "00:10:01", "end": "00:10:04", "text": "the reason Bitcoin will go higher is"}, {"start": "00:10:03", "end": "00:10:06", "text": "because pension funds and endowments and"}, {"start": "00:10:04", "end": "00:10:08", "text": "all these places, they still have"}, {"start": "00:10:06", "end": "00:10:09", "text": "liabilities they have to meet. And to"}, {"start": "00:10:08", "end": "00:10:11", "text": "meet those liabilities, they have to"}, {"start": "00:10:09", "end": "00:10:13", "text": "invest in whatever is going higher."}, {"start": "00:10:11", "end": "00:10:15", "text": "Today's episode is brought to you by"}, {"start": "00:10:13", "end": "00:10:17", "text": "Arch Public. I absolutely love these"}, {"start": "00:10:15", "end": "00:10:18", "text": "guys. Arch public is an agentic trading"}, {"start": "00:10:17", "end": "00:10:20", "text": "platform that automates the buying and"}, {"start": "00:10:18", "end": "00:10:22", "text": "selling of your preferred crypto"}, {"start": "00:10:20", "end": "00:10:23", "text": "strategies using sophisticated"}, {"start": "00:10:22", "end": "00:10:25", "text": "algorithms like the intelligence"}, {"start": "00:10:23", "end": "00:10:27", "text": "arbitrage and oracle protocols. Arch"}, {"start": "00:10:25", "end": "00:10:29", "text": "public executes advanced automated"}, {"start": "00:10:27", "end": "00:10:31", "text": "crypto strategies fully customized to"}, {"start": "00:10:29", "end": "00:10:33", "text": "your goals. Is your aim to accumulate"}, {"start": "00:10:31", "end": "00:10:35", "text": "Bitcoin during market dips, generate"}, {"start": "00:10:33", "end": "00:10:37", "text": "profits from Ethereum volatility, or"}, {"start": "00:10:35", "end": "00:10:40", "text": "sell Salana or XRP in layers as it"}, {"start": "00:10:37", "end": "00:10:42", "text": "reclaims all-time highs? If so, Arch"}, {"start": "00:10:40", "end": "00:10:44", "text": "Public is built for you. Are you worried"}, {"start": "00:10:42", "end": "00:10:47", "text": "about doing it alone? No problem. Arch"}, {"start": "00:10:44", "end": "00:10:49", "text": "public provides everyone, yes, everyone,"}, {"start": "00:10:47", "end": "00:10:51", "text": "with hands-on, dedicated support from"}, {"start": "00:10:49", "end": "00:10:53", "text": "their concierge team to help implement"}, {"start": "00:10:51", "end": "00:10:55", "text": "the strategy that you choose. As a"}, {"start": "00:10:53", "end": "00:10:57", "text": "preferred trading partner of Coinbase,"}, {"start": "00:10:55", "end": "00:10:59", "text": "Kraken, Robin Hood, and Gemini, Arch"}, {"start": "00:10:57", "end": "00:11:01", "text": "Public offers a proven track record of"}, {"start": "00:10:59", "end": "00:11:03", "text": "security and performance so that you can"}, {"start": "00:11:01", "end": "00:11:06", "text": "trade with confidence. Sign up today at"}, {"start": "00:11:03", "end": "00:11:08", "text": "archpub.com and start your automated"}, {"start": "00:11:06", "end": "00:11:11", "text": "trading strategy for free. No catch, no"}, {"start": "00:11:08", "end": "00:11:13", "text": "hidden fees, just smarter trading. Your"}, {"start": "00:11:11", "end": "00:11:16", "text": "crypto, your exchange, your profits."}, {"start": "00:11:13", "end": "00:11:18", "text": "Arch Public, go to archpub.com and tell"}, {"start": "00:11:16", "end": "00:11:20", "text": "them I sent you. Now, I get the fact"}, {"start": "00:11:18", "end": "00:11:22", "text": "that everyone's super excited about"}, {"start": "00:11:20", "end": "00:11:23", "text": "Bitcoin. I'm excited about Bitcoin. I"}, {"start": "00:11:22", "end": "00:11:24", "text": "think it is going to have a pretty big"}, {"start": "00:11:23", "end": "00:11:26", "text": "year here. Now, does it mean it's going"}, {"start": "00:11:24", "end": "00:11:28", "text": "to go to $300,000? I wouldn't say that,"}, {"start": "00:11:26", "end": "00:11:29", "text": "right? But Bitcoin went back to an"}, {"start": "00:11:28", "end": "00:11:31", "text": "all-time high this year. I'd be happy"}, {"start": "00:11:29", "end": "00:11:34", "text": "and probably so would you and definitely"}, {"start": "00:11:31", "end": "00:11:35", "text": "your portfolio would. But there's risk."}, {"start": "00:11:34", "end": "00:11:37", "text": "There's always risk. Of course, nothing"}, {"start": "00:11:35", "end": "00:11:39", "text": "is risk-f free. And that risk, the"}, {"start": "00:11:37", "end": "00:11:41", "text": "latest, you know, thing that all the"}, {"start": "00:11:39", "end": "00:11:42", "text": "bears and critics want to lob on to and"}, {"start": "00:11:41", "end": "00:11:44", "text": "say, \"Hey, this is why Bitcoin sucks."}, {"start": "00:11:42", "end": "00:11:47", "text": "it's going to go to zero. That's called"}, {"start": "00:11:44", "end": "00:11:48", "text": "quantum. Quantum computing now all of a"}, {"start": "00:11:47", "end": "00:11:51", "text": "sudden is this big bad threat to"}, {"start": "00:11:48", "end": "00:11:53", "text": "Bitcoin. I don't know. I'm not a quantum"}, {"start": "00:11:51", "end": "00:11:55", "text": "physicist. I'm not some crazy computer"}, {"start": "00:11:53", "end": "00:11:56", "text": "scientist. But what I do know is there's"}, {"start": "00:11:55", "end": "00:11:58", "text": "studies that are coming out that are"}, {"start": "00:11:56", "end": "00:12:00", "text": "saying that quantum is making a lot of"}, {"start": "00:11:58", "end": "00:12:01", "text": "leaps. There's also studies coming out"}, {"start": "00:12:00", "end": "00:12:03", "text": "like this one that Bitcoin News"}, {"start": "00:12:01", "end": "00:12:04", "text": "highlighted that says while quantum may"}, {"start": "00:12:03", "end": "00:12:07", "text": "pose a threat to Bitcoin signature"}, {"start": "00:12:04", "end": "00:12:08", "text": "sometime in the future. New research"}, {"start": "00:12:07", "end": "00:12:11", "text": "finds quantum computers are no threat to"}, {"start": "00:12:08", "end": "00:12:15", "text": "Bitcoin mining, even a best case quantum"}, {"start": "00:12:11", "end": "00:12:18", "text": "miner would need 100 million cubits and"}, {"start": "00:12:15", "end": "00:12:20", "text": "10,000 megawatts of power, roughly the"}, {"start": "00:12:18", "end": "00:12:21", "text": "electricity use of a large country. At"}, {"start": "00:12:20", "end": "00:12:24", "text": "today's Bitcoin difficulty, the"}, {"start": "00:12:21", "end": "00:12:26", "text": "requirement explodes to near star level"}, {"start": "00:12:24", "end": "00:12:29", "text": "energy. That's just that goes hard. Star"}, {"start": "00:12:26", "end": "00:12:31", "text": "level energy. Quantum cracking mining is"}, {"start": "00:12:29", "end": "00:12:32", "text": "more than hard. It's physically"}, {"start": "00:12:31", "end": "00:12:34", "text": "unrealistic."}, {"start": "00:12:32", "end": "00:12:36", "text": "Hey, I don't know. They're smart. That"}, {"start": "00:12:34", "end": "00:12:37", "text": "study says that. So, let's take it at"}, {"start": "00:12:36", "end": "00:12:40", "text": "face value. I guess it's gonna be hard"}, {"start": "00:12:37", "end": "00:12:41", "text": "to crack Bitcoin mining. Cracking"}, {"start": "00:12:40", "end": "00:12:43", "text": "Bitcoin. Well, that's a different thing."}, {"start": "00:12:41", "end": "00:12:45", "text": "Mining and Bitcoin, two separate things,"}, {"start": "00:12:43", "end": "00:12:46", "text": "although they are related. So, I'm not a"}, {"start": "00:12:45", "end": "00:12:48", "text": "big believer that quantum is going to be"}, {"start": "00:12:46", "end": "00:12:50", "text": "some catastrophic event. Obviously, I"}, {"start": "00:12:48", "end": "00:12:51", "text": "still hold Bitcoin. I like Bitcoin. I"}, {"start": "00:12:50", "end": "00:12:52", "text": "think Bitcoin will do very well in the"}, {"start": "00:12:51", "end": "00:12:54", "text": "future. But, I think Bitcoin is kind of"}, {"start": "00:12:52", "end": "00:12:55", "text": "like everything else. It's a technology."}, {"start": "00:12:54", "end": "00:12:57", "text": "It's got to evolve. It's got to improve."}, {"start": "00:12:55", "end": "00:12:59", "text": "It's got to keep up with the times. And"}, {"start": "00:12:57", "end": "00:13:01", "text": "so naturally, just like everyone else in"}, {"start": "00:12:59", "end": "00:13:02", "text": "the world that relies on encryption,"}, {"start": "00:13:01", "end": "00:13:04", "text": "they're going to have to make sure that"}, {"start": "00:13:02", "end": "00:13:06", "text": "they're quantum proof as well. And so"}, {"start": "00:13:04", "end": "00:13:07", "text": "guess what Bitcoin's going to have to"}, {"start": "00:13:06", "end": "00:13:09", "text": "do? Make sure quantum can't disrupt it."}, {"start": "00:13:07", "end": "00:13:11", "text": "And I think that we'll get it done as a"}, {"start": "00:13:09", "end": "00:13:13", "text": "community. Now, that's not going to stop"}, {"start": "00:13:11", "end": "00:13:15", "text": "the Bitcoin haters, though. They are out"}, {"start": "00:13:13", "end": "00:13:18", "text": "in full force. There's this guy,"}, {"start": "00:13:15", "end": "00:13:22", "text": "Professor Steve Keane. He's predicted"}, {"start": "00:13:18", "end": "00:13:24", "text": "the 2008 financial crash and he went on"}, {"start": "00:13:22", "end": "00:13:27", "text": "Diary of a CEO and he is now warning"}, {"start": "00:13:24", "end": "00:13:29", "text": "people that get ready, Bitcoin's going"}, {"start": "00:13:27", "end": "00:13:31", "text": "to zero, folks. Pack it up. Let's go"}, {"start": "00:13:29", "end": "00:13:33", "text": "home. Steve Keane says it's going to"}, {"start": "00:13:31", "end": "00:13:34", "text": "zero. Take a listen to what Steve's got"}, {"start": "00:13:33", "end": "00:13:36", "text": "to say here."}, {"start": "00:13:34", "end": "00:13:37", "text": ">> I wanted to come back to something you"}, {"start": "00:13:36", "end": "00:13:39", "text": "actually said earlier. You talked about"}, {"start": "00:13:37", "end": "00:13:40", "text": "Bitcoin briefly. I've heard you say that"}, {"start": "00:13:39", "end": "00:13:41", "text": "you think Bitcoin's going to zero."}, {"start": "00:13:40", "end": "00:13:43", "text": ">> Yeah."}, {"start": "00:13:41", "end": "00:13:45", "text": ">> Okay. This is worrying. I think I have"}, {"start": "00:13:43", "end": "00:13:46", "text": "some Bitcoin."}, {"start": "00:13:45", "end": "00:13:47", "text": ">> You're an economist. Yeah."}, {"start": "00:13:46", "end": "00:13:48", "text": ">> You're saying that Bitcoin is going to"}, {"start": "00:13:47", "end": "00:13:50", "text": "zero. Why?"}, {"start": "00:13:48", "end": "00:13:53", "text": ">> Because ultimately because of its"}, {"start": "00:13:50", "end": "00:13:54", "text": "reliance upon energy. I mean I you know"}, {"start": "00:13:53", "end": "00:13:56", "text": "you Max you know Max Kaiser and Stacy"}, {"start": "00:13:54", "end": "00:13:57", "text": "Herbert. Have you met them at all? No."}, {"start": "00:13:56", "end": "00:14:00", "text": ">> They were sort of the original"}, {"start": "00:13:57", "end": "00:14:03", "text": "proletizers for good Bitcoin and they're"}, {"start": "00:14:00", "end": "00:14:05", "text": "now living in I think El Salvador um"}, {"start": "00:14:03", "end": "00:14:08", "text": "which has adopted Bitcoin as a form of"}, {"start": "00:14:05", "end": "00:14:09", "text": "currency. When they told me about"}, {"start": "00:14:08", "end": "00:14:11", "text": "Bitcoin I could have bought it for a"}, {"start": "00:14:09", "end": "00:14:12", "text": "pound a bitcoin which would have been I"}, {"start": "00:14:11", "end": "00:14:14", "text": "would have been bloody would be"}, {"start": "00:14:12", "end": "00:14:16", "text": "wealthier than you if I'd done that. The"}, {"start": "00:14:14", "end": "00:14:18", "text": "reason I didn't was they explained that"}, {"start": "00:14:16", "end": "00:14:21", "text": "the way that the public ledger is kept"}, {"start": "00:14:18", "end": "00:14:24", "text": "safe is that it takes too much energy to"}, {"start": "00:14:21", "end": "00:14:27", "text": "break it. So each transaction requires"}, {"start": "00:14:24", "end": "00:14:29", "text": "10 minutes of computer processing time"}, {"start": "00:14:27", "end": "00:14:32", "text": "globally by the looks of it to actually"}, {"start": "00:14:29", "end": "00:14:34", "text": "create an extra bitcoin and that means"}, {"start": "00:14:32", "end": "00:14:36", "text": "it's too expensive for somebody to try"}, {"start": "00:14:34", "end": "00:14:41", "text": "to break the ledger. That means it's got"}, {"start": "00:14:36", "end": "00:14:43", "text": "a huge requirement for energy use. And I"}, {"start": "00:14:41", "end": "00:14:45", "text": "believe, knowing what I know from"}, {"start": "00:14:43", "end": "00:14:46", "text": "climate scientists, that at some point"}, {"start": "00:14:45", "end": "00:14:48", "text": "we're going to realize we're using far"}, {"start": "00:14:46", "end": "00:14:51", "text": "too much energy on the planet. We've got"}, {"start": "00:14:48", "end": "00:14:53", "text": "to cut the energy consumption. And the"}, {"start": "00:14:51", "end": "00:14:55", "text": "two easiest things to cut out to reduce"}, {"start": "00:14:53", "end": "00:14:57", "text": "energy consumption are cryptocurrencies"}, {"start": "00:14:55", "end": "00:14:58", "text": "and international travel. Now, here's my"}, {"start": "00:14:57", "end": "00:15:00", "text": "thing with people like this. This"}, {"start": "00:14:58", "end": "00:15:01", "text": "professor, I actually like him. He seems"}, {"start": "00:15:00", "end": "00:15:03", "text": "pretty smart guy. He seems like he's"}, {"start": "00:15:01", "end": "00:15:05", "text": "actually uh trying to have a logical"}, {"start": "00:15:03", "end": "00:15:07", "text": "conversation. I like that he knows Max"}, {"start": "00:15:05", "end": "00:15:09", "text": "Kaiser and Stacy. You know, he's part of"}, {"start": "00:15:07", "end": "00:15:10", "text": "the early days. Uh, but it's kind of"}, {"start": "00:15:09", "end": "00:15:12", "text": "like a Peter Schiff. It sounds like he"}, {"start": "00:15:10", "end": "00:15:13", "text": "could have bought Bitcoin for like a"}, {"start": "00:15:12", "end": "00:15:15", "text": "dollar. He didn't. And so, you know,"}, {"start": "00:15:13", "end": "00:15:17", "text": "maybe that's playing in a little bit to"}, {"start": "00:15:15", "end": "00:15:20", "text": "his analysis. But the real thing is,"}, {"start": "00:15:17", "end": "00:15:22", "text": "don't play the man. Play the ball. Play"}, {"start": "00:15:20", "end": "00:15:23", "text": "the argument that he's making. And he"}, {"start": "00:15:22", "end": "00:15:26", "text": "says Bitcoin's going to zero because of"}, {"start": "00:15:23", "end": "00:15:28", "text": "an energy argument. Well, Professor"}, {"start": "00:15:26", "end": "00:15:30", "text": "Keane, although I might like you,"}, {"start": "00:15:28", "end": "00:15:32", "text": "there's no low energy country that is"}, {"start": "00:15:30", "end": "00:15:34", "text": "considered a wealthy nation on the"}, {"start": "00:15:32", "end": "00:15:36", "text": "entire earth. If you are a wealthy"}, {"start": "00:15:34", "end": "00:15:39", "text": "nation, you need to consume energy. And"}, {"start": "00:15:36", "end": "00:15:41", "text": "so, guess what? Bitcoin is valuable"}, {"start": "00:15:39", "end": "00:15:44", "text": "because it consumes energy. It may be"}, {"start": "00:15:41", "end": "00:15:46", "text": "counterintuitive to the academic world,"}, {"start": "00:15:44", "end": "00:15:48", "text": "but consuming energy actually means that"}, {"start": "00:15:46", "end": "00:15:50", "text": "there is value. Consuming energy is not"}, {"start": "00:15:48", "end": "00:15:52", "text": "a negative thing. It's a positive thing."}, {"start": "00:15:50", "end": "00:15:55", "text": "Same way that a wealthy nation consumes"}, {"start": "00:15:52", "end": "00:15:57", "text": "energy, an asset that consumes energy."}, {"start": "00:15:55", "end": "00:15:59", "text": "And one of the ways that I've grown to"}, {"start": "00:15:57", "end": "00:16:01", "text": "talk about this is when somebody says to"}, {"start": "00:15:59", "end": "00:16:02", "text": "me, \"What's Bitcoin backed by?\" You"}, {"start": "00:16:01", "end": "00:16:03", "text": "know, they think they like, \"I got a"}, {"start": "00:16:02", "end": "00:16:05", "text": "gotcha question or something like I'm"}, {"start": "00:16:03", "end": "00:16:07", "text": "going to have to say, oh, you got me."}, {"start": "00:16:05", "end": "00:16:08", "text": "It's hot air.\" No. When somebody ask me"}, {"start": "00:16:07", "end": "00:16:10", "text": "what Bitcoin is backed by, what do I"}, {"start": "00:16:08", "end": "00:16:12", "text": "say? Very simple. Bitcoin is backed by"}, {"start": "00:16:10", "end": "00:16:14", "text": "the most valuable commodity in the world"}, {"start": "00:16:12", "end": "00:16:16", "text": "and they kind of scratch their head."}, {"start": "00:16:14", "end": "00:16:17", "text": "They their little eye and they say,"}, {"start": "00:16:16", "end": "00:16:20", "text": "you know, what do you mean by that?"}, {"start": "00:16:17", "end": "00:16:21", "text": "Well, right now, what is one of the most"}, {"start": "00:16:20", "end": "00:16:24", "text": "scarce assets in the world?"}, {"start": "00:16:21", "end": "00:16:25", "text": "Computational power. Look at all these"}, {"start": "00:16:24", "end": "00:16:27", "text": "companies that are running around the"}, {"start": "00:16:25", "end": "00:16:30", "text": "world trying to find it. We see everyone"}, {"start": "00:16:27", "end": "00:16:34", "text": "from Google and Meta and Amazon to Open"}, {"start": "00:16:30", "end": "00:16:37", "text": "AI and Anthropic and Grock and XAI. We"}, {"start": "00:16:34", "end": "00:16:40", "text": "see Tesla. We see SpaceX. We see"}, {"start": "00:16:37", "end": "00:16:42", "text": "everybody from Nvidia to AMD to TSMC,"}, {"start": "00:16:40", "end": "00:16:47", "text": "everyone wants power."}, {"start": "00:16:42", "end": "00:16:48", "text": "The thing backing Bitcoin is power. And"}, {"start": "00:16:47", "end": "00:16:50", "text": "ultimately that computational power"}, {"start": "00:16:48", "end": "00:16:52", "text": "means that Bitcoin is valuable because"}, {"start": "00:16:50", "end": "00:16:54", "text": "Bitcoin is backed by the most valuable"}, {"start": "00:16:52", "end": "00:16:56", "text": "commodity in the world. That is"}, {"start": "00:16:54", "end": "00:16:57", "text": "computational power. So I get it. I"}, {"start": "00:16:56", "end": "00:16:59", "text": "understand that people still think"}, {"start": "00:16:57", "end": "00:17:01", "text": "Bitcoin's going to zero. I get that they"}, {"start": "00:16:59", "end": "00:17:02", "text": "think quantum's a threat. I get that"}, {"start": "00:17:01", "end": "00:17:05", "text": "they think that everyone left Bitcoin to"}, {"start": "00:17:02", "end": "00:17:06", "text": "go play in AI land. I get that everyone"}, {"start": "00:17:05", "end": "00:17:08", "text": "thinks that all of a sudden Bitcoin is"}, {"start": "00:17:06", "end": "00:17:10", "text": "going to get regulated out or once the"}, {"start": "00:17:08", "end": "00:17:11", "text": "Republicans leave office, the Democrats"}, {"start": "00:17:10", "end": "00:17:13", "text": "are going to come back in with their"}, {"start": "00:17:11", "end": "00:17:15", "text": "crypto army and they're going to crush"}, {"start": "00:17:13", "end": "00:17:18", "text": "the industry."}, {"start": "00:17:15", "end": "00:17:20", "text": "La"}, {"start": "00:17:18", "end": "00:17:23", "text": "just tune out the noise. Keep your"}, {"start": "00:17:20", "end": "00:17:26", "text": "blinders on. Bitcoin is simply going to"}, {"start": "00:17:23", "end": "00:17:28", "text": "appreciate in price for one reason. The"}, {"start": "00:17:26", "end": "00:17:30", "text": "United States government and countries"}, {"start": "00:17:28", "end": "00:17:32", "text": "around the world cannot stop printing"}, {"start": "00:17:30", "end": "00:17:34", "text": "money. They may slow down. They may"}, {"start": "00:17:32", "end": "00:17:37", "text": "speed up. They may do a lot or they may"}, {"start": "00:17:34", "end": "00:17:39", "text": "do a little at certain times, but they"}, {"start": "00:17:37", "end": "00:17:41", "text": "cannot operate their economies without"}, {"start": "00:17:39", "end": "00:17:44", "text": "printing money. And as long as the money"}, {"start": "00:17:41", "end": "00:17:46", "text": "printer is turned on, then scarce assets"}, {"start": "00:17:44", "end": "00:17:48", "text": "like Bitcoin, which mathematically has"}, {"start": "00:17:46", "end": "00:17:50", "text": "the highest sensitivity to global"}, {"start": "00:17:48", "end": "00:17:53", "text": "liquidity than any asset in all of"}, {"start": "00:17:50", "end": "00:17:56", "text": "finance, Bitcoin will continue to go up"}, {"start": "00:17:53", "end": "00:17:58", "text": "as long as that money printer is on. And"}, {"start": "00:17:56", "end": "00:18:00", "text": "so people can have every single"}, {"start": "00:17:58", "end": "00:18:02", "text": "complaint, they can have every critique,"}, {"start": "00:18:00", "end": "00:18:04", "text": "they can attack Bitcoin, they can ignore"}, {"start": "00:18:02", "end": "00:18:06", "text": "Bitcoin, they can fight Bitcoin, or they"}, {"start": "00:18:04", "end": "00:18:09", "text": "can love Bitcoin. None of it matters."}, {"start": "00:18:06", "end": "00:18:11", "text": "Bitcoin as an asset is simply going to"}, {"start": "00:18:09", "end": "00:18:14", "text": "continue to appreciate because the"}, {"start": "00:18:11", "end": "00:18:15", "text": "government cannot stop printing money."}, {"start": "00:18:14", "end": "00:18:19", "text": "So, one of my favorite quotes in the"}, {"start": "00:18:15", "end": "00:18:21", "text": "entire Bitcoin world, Bitcoin has no top"}, {"start": "00:18:19", "end": "00:18:24", "text": "because the dollar's got no bottom and"}, {"start": "00:18:21", "end": "00:18:26", "text": "everything else pretty much is noise."}, {"start": "00:18:24", "end": "00:18:29", "text": "So, ladies and gentlemen, the long-term"}, {"start": "00:18:26", "end": "00:18:31", "text": "accumulators, they're back. Morgan"}, {"start": "00:18:29", "end": "00:18:34", "text": "Stanley is about to shove the Bitcoin"}, {"start": "00:18:31", "end": "00:18:36", "text": "ETF down the throats of every financial"}, {"start": "00:18:34", "end": "00:18:38", "text": "adviser, every wirehouse, every"}, {"start": "00:18:36", "end": "00:18:40", "text": "salesperson in this country. And"}, {"start": "00:18:38", "end": "00:18:42", "text": "ultimately, Bitcoin will come back."}, {"start": "00:18:40", "end": "00:18:44", "text": "Bitcoin will have its day in the sun"}, {"start": "00:18:42", "end": "00:18:46", "text": "again. And all the critics, they'll just"}, {"start": "00:18:44", "end": "00:18:48", "text": "crawl back under their bridges like the"}, {"start": "00:18:46", "end": "00:18:50", "text": "trolls that they are. And they'll simply"}, {"start": "00:18:48", "end": "00:18:52", "text": "say, \"I'll wait till the next bare"}, {"start": "00:18:50", "end": "00:18:54", "text": "market.\" And maybe then people will"}, {"start": "00:18:52", "end": "00:18:57", "text": "start listening. But it won't be me"}, {"start": "00:18:54", "end": "00:18:59", "text": "because Bitcoin is Bitcoin. It's an N of"}, {"start": "00:18:57", "end": "00:19:01", "text": "one asset and it's simply going to"}, {"start": "00:18:59", "end": "00:19:03", "text": "continue to benefit from the"}, {"start": "00:19:01", "end": "00:19:07", "text": "undisiplined monetary policy that runs"}, {"start": "00:19:03", "end": "00:19:07", "text": "the central bank of the United States."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Bitcoin is a scarcity asset. Remember,"}, {"start": "00:00:02", "end": "00:00:08", "text": "the theme has been long scarcity, short"}, {"start": "00:00:06", "end": "00:00:10", "text": "abundance. That trade has made a lot of"}, {"start": "00:00:08", "end": "00:00:11", "text": "money this year for people. I know it"}, {"start": "00:00:10", "end": "00:00:13", "text": "because people still want to see me when"}, {"start": "00:00:11", "end": "00:00:15", "text": "I go out on the road. If it didn't work,"}, {"start": "00:00:13", "end": "00:00:16", "text": "they wouldn't want to see me. And I"}, {"start": "00:00:15", "end": "00:00:18", "text": "think we're only in the early stages of"}, {"start": "00:00:16", "end": "00:00:19", "text": "it. And Bitcoin will be part of it. Just"}, {"start": "00:00:18", "end": "00:00:21", "text": "like oil has been part of it. And I"}, {"start": "00:00:19", "end": "00:00:23", "text": "warned about oil for a year. It took a"}, {"start": "00:00:21", "end": "00:00:24", "text": "little while. We finally got there. The"}, {"start": "00:00:23", "end": "00:00:25", "text": "Fed's going to be in decision-m."}, {"start": "00:00:24", "end": "00:00:27", "text": "Remember that for all the Bitcoin"}, {"start": "00:00:25", "end": "00:00:28", "text": "people. What's going on, guys? Today, we"}, {"start": "00:00:27", "end": "00:00:29", "text": "got a great conversation with Jordy"}, {"start": "00:00:28", "end": "00:00:31", "text": "Visser. In this one, we talk about"}, {"start": "00:00:29", "end": "00:00:33", "text": "what's happening with the Iran war. Oil"}, {"start": "00:00:31", "end": "00:00:35", "text": "and gas prices are going higher. The"}, {"start": "00:00:33", "end": "00:00:37", "text": "labor markets throwing off some shaky"}, {"start": "00:00:35", "end": "00:00:38", "text": "signs and investors are confused. What"}, {"start": "00:00:37", "end": "00:00:40", "text": "exactly is going on? Should I be"}, {"start": "00:00:38", "end": "00:00:42", "text": "bullish, bearish? Should I protect my"}, {"start": "00:00:40", "end": "00:00:43", "text": "capital or should I go risk on? Jord's"}, {"start": "00:00:42", "end": "00:00:44", "text": "here to answer that question. On top of"}, {"start": "00:00:43", "end": "00:00:46", "text": "that, we obviously talk about artificial"}, {"start": "00:00:44", "end": "00:00:47", "text": "intelligence and all of the different"}, {"start": "00:00:46", "end": "00:00:49", "text": "breakthroughs. And then we give some"}, {"start": "00:00:47", "end": "00:00:50", "text": "specific examples from this week that"}, {"start": "00:00:49", "end": "00:00:52", "text": "have come out of how people are using"}, {"start": "00:00:50", "end": "00:00:54", "text": "this to make real money, build real"}, {"start": "00:00:52", "end": "00:00:56", "text": "companies, and actually figure out that"}, {"start": "00:00:54", "end": "00:00:57", "text": "it's not just a bunch of hype, but"}, {"start": "00:00:56", "end": "00:00:58", "text": "people are using this to strip out"}, {"start": "00:00:57", "end": "00:01:00", "text": "inefficiencies in their personal life"}, {"start": "00:00:58", "end": "00:01:01", "text": "and in their businesses. And it's pretty"}, {"start": "00:01:00", "end": "00:01:03", "text": "cool to see. Here's my latest"}, {"start": "00:01:01", "end": "00:01:05", "text": "conversation with Jordy Visser. I hope"}, {"start": "00:01:03", "end": "00:01:07", "text": "you guys enjoy it. All right, Jordy, I"}, {"start": "00:01:05", "end": "00:01:08", "text": "think people are just confused. I I'm"}, {"start": "00:01:07", "end": "00:01:10", "text": "confused to a degree, right? There's a"}, {"start": "00:01:08", "end": "00:01:12", "text": "bunch of data points that if you look at"}, {"start": "00:01:10", "end": "00:01:14", "text": "on an isolated basis, I look at data"}, {"start": "00:01:12", "end": "00:01:16", "text": "point A. Wow, the market is recovering"}, {"start": "00:01:14", "end": "00:01:18", "text": "this week. That's really bullish. Then I"}, {"start": "00:01:16", "end": "00:01:19", "text": "look at energy prices and hey that's"}, {"start": "00:01:18", "end": "00:01:22", "text": "going up that should create inflation"}, {"start": "00:01:19", "end": "00:01:24", "text": "that's a negative signal. How do you"}, {"start": "00:01:22", "end": "00:01:26", "text": "evaluate a market where there are"}, {"start": "00:01:24", "end": "00:01:27", "text": "different signals positive and negative?"}, {"start": "00:01:26", "end": "00:01:29", "text": "And it's really just confusing investors"}, {"start": "00:01:27", "end": "00:01:31", "text": "and that's why you get so much heated"}, {"start": "00:01:29", "end": "00:01:34", "text": "debate online as to like are we going to"}, {"start": "00:01:31", "end": "00:01:36", "text": "go up? Are we going to go down? Are we"}, {"start": "00:01:34", "end": "00:01:39", "text": "going to be okay or not?"}, {"start": "00:01:36", "end": "00:01:40", "text": ">> So first of all um the belief that I"}, {"start": "00:01:39", "end": "00:01:42", "text": "always have that everyone always should"}, {"start": "00:01:40", "end": "00:01:44", "text": "is the market knows more than any"}, {"start": "00:01:42", "end": "00:01:46", "text": "person. So we sit here, we talk about"}, {"start": "00:01:44", "end": "00:01:47", "text": "things, I talk about it, but my number"}, {"start": "00:01:46", "end": "00:01:49", "text": "one gauge for everything about what the"}, {"start": "00:01:47", "end": "00:01:52", "text": "future's going to be is what the market"}, {"start": "00:01:49", "end": "00:01:54", "text": "is telling me. Uh I don't believe like"}, {"start": "00:01:52", "end": "00:01:56", "text": "when everyone was saying the market's"}, {"start": "00:01:54", "end": "00:01:57", "text": "wrong about software, the market's wrong"}, {"start": "00:01:56", "end": "00:01:59", "text": "about private equity. I hear that"}, {"start": "00:01:57", "end": "00:02:01", "text": "repeatedly."}, {"start": "00:01:59", "end": "00:02:03", "text": "Those people are wrong. They're making a"}, {"start": "00:02:01", "end": "00:02:05", "text": "big mistake. Now I can create a"}, {"start": "00:02:03", "end": "00:02:08", "text": "narrative and say that AI disruption"}, {"start": "00:02:05", "end": "00:02:10", "text": "will wreck the terminal value of a"}, {"start": "00:02:08", "end": "00:02:12", "text": "software company because now you have to"}, {"start": "00:02:10", "end": "00:02:15", "text": "price them differently. That's a"}, {"start": "00:02:12", "end": "00:02:17", "text": "narrative for me now. I believe it and I"}, {"start": "00:02:15", "end": "00:02:19", "text": "believe it more when I don't hear people"}, {"start": "00:02:17", "end": "00:02:21", "text": "admitting that who don't use AI because"}, {"start": "00:02:19", "end": "00:02:22", "text": "their value doesn't go. So, you know, I"}, {"start": "00:02:21", "end": "00:02:24", "text": "told you my father trained me in"}, {"start": "00:02:22", "end": "00:02:26", "text": "handicapping. Another thing he trained"}, {"start": "00:02:24", "end": "00:02:27", "text": "me of is he said, \"You're going to get"}, {"start": "00:02:26", "end": "00:02:29", "text": "better odds on the horses if you go to"}, {"start": "00:02:27", "end": "00:02:34", "text": "PMPO racetrack in Florida where it's"}, {"start": "00:02:29", "end": "00:02:37", "text": "mainly betters who are not as sharp as"}, {"start": "00:02:34", "end": "00:02:38", "text": "they are at the Meadowlands or at a New"}, {"start": "00:02:37", "end": "00:02:40", "text": "York racetrack where professional"}, {"start": "00:02:38", "end": "00:02:42", "text": "gamblers are going there. If"}, {"start": "00:02:40", "end": "00:02:45", "text": "professional gamblers make up 30% of the"}, {"start": "00:02:42", "end": "00:02:47", "text": "betting pool of a track and down in"}, {"start": "00:02:45", "end": "00:02:48", "text": "Florida it's mainly tourists and old"}, {"start": "00:02:47", "end": "00:02:50", "text": "people just going out to have a good"}, {"start": "00:02:48", "end": "00:02:51", "text": "night. The reason gamblers don't go"}, {"start": "00:02:50", "end": "00:02:54", "text": "there is because there's not enough"}, {"start": "00:02:51", "end": "00:02:56", "text": "money to bet. You'd impact the odds. So,"}, {"start": "00:02:54", "end": "00:02:57", "text": "but he took me to both tracks. The"}, {"start": "00:02:56", "end": "00:02:59", "text": "reason I bring that up is that's the way"}, {"start": "00:02:57", "end": "00:03:01", "text": "the market kind of goes. So, the reason"}, {"start": "00:02:59", "end": "00:03:02", "text": "I use sentiment from people is go. What"}, {"start": "00:03:01", "end": "00:03:05", "text": "do you think about AI disrupting"}, {"start": "00:03:02", "end": "00:03:08", "text": "software? That's that's not right. Even"}, {"start": "00:03:05", "end": "00:03:10", "text": "when really smart people who are in the"}, {"start": "00:03:08", "end": "00:03:13", "text": "public know who say this is just like"}, {"start": "00:03:10", "end": "00:03:15", "text": "the.com bubble who are tech people I"}, {"start": "00:03:13", "end": "00:03:18", "text": "don't say they don't know anything about"}, {"start": "00:03:15", "end": "00:03:20", "text": "AI I know they don't use it cuz I asked"}, {"start": "00:03:18", "end": "00:03:22", "text": "them there's a usage thing with AI so I"}, {"start": "00:03:20", "end": "00:03:24", "text": "think the confusion for the market has"}, {"start": "00:03:22", "end": "00:03:26", "text": "to be thought about here in the context"}, {"start": "00:03:24", "end": "00:03:28", "text": "of the market is discounting the future"}, {"start": "00:03:26", "end": "00:03:30", "text": "it is not discounting the present it is"}, {"start": "00:03:28", "end": "00:03:32", "text": "literally telling you what is going to"}, {"start": "00:03:30", "end": "00:03:33", "text": "happen in the future the problem is"}, {"start": "00:03:32", "end": "00:03:35", "text": "right now when you look at what's"}, {"start": "00:03:33", "end": "00:03:38", "text": "happened in the market this here. It's"}, {"start": "00:03:35", "end": "00:03:40", "text": "been grinding down without a tremendous"}, {"start": "00:03:38", "end": "00:03:42", "text": "amount of volatility."}, {"start": "00:03:40", "end": "00:03:43", "text": "There's deleveraging that's happening"}, {"start": "00:03:42", "end": "00:03:45", "text": "and I I talked about this as the big"}, {"start": "00:03:43", "end": "00:03:46", "text": "risk for last year which I still think"}, {"start": "00:03:45", "end": "00:03:49", "text": "is happening. I think we will lose a"}, {"start": "00:03:46", "end": "00:03:50", "text": "headline hedge fund this year because of"}, {"start": "00:03:49", "end": "00:03:53", "text": "what's happening. I expected there to be"}, {"start": "00:03:50", "end": "00:03:55", "text": "a rotation. I highlighted last week that"}, {"start": "00:03:53", "end": "00:03:58", "text": "before this 4% rally in the S&P this"}, {"start": "00:03:55", "end": "00:04:00", "text": "week, six of the 11 sectors in the S&P"}, {"start": "00:03:58", "end": "00:04:02", "text": "were up for the year. So, you think the"}, {"start": "00:04:00", "end": "00:04:05", "text": "market is confusing? I don't think it"}, {"start": "00:04:02", "end": "00:04:07", "text": "is. The model portfolio that I put"}, {"start": "00:04:05", "end": "00:04:09", "text": "together through last week was up 17%"}, {"start": "00:04:07", "end": "00:04:10", "text": "year-to date. Those are all hardware"}, {"start": "00:04:09", "end": "00:04:12", "text": "names. Those are things related to the"}, {"start": "00:04:10", "end": "00:04:14", "text": "agentic side. Those are not things"}, {"start": "00:04:12", "end": "00:04:16", "text": "related to software and banks and stuff"}, {"start": "00:04:14", "end": "00:04:17", "text": "like that. So, I think the market is"}, {"start": "00:04:16", "end": "00:04:19", "text": "actually making more sense than people"}, {"start": "00:04:17", "end": "00:04:21", "text": "are. We're entering a very, let's say,"}, {"start": "00:04:19", "end": "00:04:23", "text": "difficult period because your confusion"}, {"start": "00:04:21", "end": "00:04:26", "text": "comment is right. We don't know what's"}, {"start": "00:04:23", "end": "00:04:27", "text": "going to happen to recession risk. We"}, {"start": "00:04:26", "end": "00:04:29", "text": "don't know what's going to happen to"}, {"start": "00:04:27", "end": "00:04:32", "text": "inflation. We know inflation is going"}, {"start": "00:04:29", "end": "00:04:34", "text": "higher. It probably means growth is"}, {"start": "00:04:32", "end": "00:04:36", "text": "going to be weakening because we have"}, {"start": "00:04:34", "end": "00:04:38", "text": "oil prices around the globe. Forget the"}, {"start": "00:04:36", "end": "00:04:41", "text": "futures prices where we closed"}, {"start": "00:04:38", "end": "00:04:43", "text": "yesterday. Spot oil like the physical"}, {"start": "00:04:41", "end": "00:04:46", "text": "oil was at $140."}, {"start": "00:04:43", "end": "00:04:48", "text": "So futures are kind of paper trading and"}, {"start": "00:04:46", "end": "00:04:50", "text": "it's people gambling and it's people on"}, {"start": "00:04:48", "end": "00:04:53", "text": "future things. But the current price"}, {"start": "00:04:50", "end": "00:04:55", "text": "today is $140. And so you're going to"}, {"start": "00:04:53", "end": "00:04:57", "text": "see a growth impact in Asia. You're"}, {"start": "00:04:55", "end": "00:04:58", "text": "going to see a growth impact in parts of"}, {"start": "00:04:57", "end": "00:05:00", "text": "Europe. Maybe it won't be as big in the"}, {"start": "00:04:58", "end": "00:05:02", "text": "US, but you have to start to reassess."}, {"start": "00:05:00", "end": "00:05:04", "text": "So when you hear the word stagflation,"}, {"start": "00:05:02", "end": "00:05:06", "text": "rather than kind of go through the"}, {"start": "00:05:04", "end": "00:05:07", "text": "differences, that is a state of"}, {"start": "00:05:06", "end": "00:05:08", "text": "confusion because normally when growth"}, {"start": "00:05:07", "end": "00:05:10", "text": "gets higher, you get worried about"}, {"start": "00:05:08", "end": "00:05:12", "text": "inflation. But when growth is going"}, {"start": "00:05:10", "end": "00:05:14", "text": "down, inflation's going on, guess what?"}, {"start": "00:05:12", "end": "00:05:16", "text": "Fed's got a tough battle. All right,"}, {"start": "00:05:14", "end": "00:05:18", "text": "there's a couple of things that uh I"}, {"start": "00:05:16", "end": "00:05:20", "text": "want to give you the counternarrative"}, {"start": "00:05:18", "end": "00:05:22", "text": "to, and you tell me whether you agree or"}, {"start": "00:05:20", "end": "00:05:24", "text": "disagree. Let's start with the efficient"}, {"start": "00:05:22", "end": "00:05:26", "text": "market hypothesis, right? Which is um"}, {"start": "00:05:24", "end": "00:05:28", "text": "the market is smart. I agree the market"}, {"start": "00:05:26", "end": "00:05:31", "text": "is smart but I think that a lot of great"}, {"start": "00:05:28", "end": "00:05:34", "text": "investors would argue actually the most"}, {"start": "00:05:31", "end": "00:05:36", "text": "common state of the market is they are"}, {"start": "00:05:34", "end": "00:05:38", "text": "wrong mispriced there's opportunity etc."}, {"start": "00:05:36", "end": "00:05:40", "text": "Can both of those things be true at the"}, {"start": "00:05:38", "end": "00:05:42", "text": "same time where the market gets it right"}, {"start": "00:05:40", "end": "00:05:44", "text": "but actually these great investors are"}, {"start": "00:05:42", "end": "00:05:46", "text": "just you know excellent at exploiting"}, {"start": "00:05:44", "end": "00:05:48", "text": "the inefficiencies when they show up."}, {"start": "00:05:46", "end": "00:05:50", "text": ">> So when you when you say the market I"}, {"start": "00:05:48", "end": "00:05:53", "text": "don't agree that the market is is wrong."}, {"start": "00:05:50", "end": "00:05:55", "text": "Investors are wrong. Investors drive the"}, {"start": "00:05:53", "end": "00:05:57", "text": "market. But think about how bad the"}, {"start": "00:05:55", "end": "00:05:59", "text": "sentiment was. The entire rally last"}, {"start": "00:05:57", "end": "00:06:00", "text": "year there was a difference. Yeah. And"}, {"start": "00:05:59", "end": "00:06:03", "text": "there but there's a difference between"}, {"start": "00:06:00", "end": "00:06:04", "text": "the market and the sentiment. So when"}, {"start": "00:06:03", "end": "00:06:06", "text": "you say market, you're kind of alluding"}, {"start": "00:06:04", "end": "00:06:09", "text": "to the fact that it's investors."}, {"start": "00:06:06", "end": "00:06:11", "text": "Investors do drive it, but for a small"}, {"start": "00:06:09", "end": "00:06:12", "text": "amount of time, the smart investors,"}, {"start": "00:06:11", "end": "00:06:16", "text": "because when Liberation Day happened"}, {"start": "00:06:12", "end": "00:06:17", "text": "last year, it's easy for us to say that"}, {"start": "00:06:16", "end": "00:06:19", "text": "the market went higher and tariffs"}, {"start": "00:06:17", "end": "00:06:20", "text": "weren't a big deal. Initially, what he"}, {"start": "00:06:19", "end": "00:06:23", "text": "said were tariffs that were going to be"}, {"start": "00:06:20", "end": "00:06:26", "text": "massively more. So the market reacted to"}, {"start": "00:06:23", "end": "00:06:27", "text": "oh my god he pulled out that that board"}, {"start": "00:06:26", "end": "00:06:30", "text": ">> the science fair project"}, {"start": "00:06:27", "end": "00:06:32", "text": ">> and everyone"}, {"start": "00:06:30", "end": "00:06:35", "text": ">> to be honest it was awesome."}, {"start": "00:06:32", "end": "00:06:38", "text": ">> I I mean but it was gone within 3 days."}, {"start": "00:06:35", "end": "00:06:40", "text": ">> So I think the market responded the way"}, {"start": "00:06:38", "end": "00:06:42", "text": "it should which is if you're going to"}, {"start": "00:06:40", "end": "00:06:45", "text": "take six weeks on this you don't know"}, {"start": "00:06:42", "end": "00:06:47", "text": "the market is I would say going the"}, {"start": "00:06:45", "end": "00:06:49", "text": "other way right now with oil prices."}, {"start": "00:06:47", "end": "00:06:50", "text": "It's saying okay he's going to do the"}, {"start": "00:06:49", "end": "00:06:52", "text": "same thing as last year. He pulls out"}, {"start": "00:06:50", "end": "00:06:54", "text": "this card. He doesn't actually mean it."}, {"start": "00:06:52", "end": "00:06:55", "text": "A lot of the things that he said in the"}, {"start": "00:06:54", "end": "00:06:57", "text": "speech the other night, they don't jive"}, {"start": "00:06:55", "end": "00:07:00", "text": "with what's actually happening. But the"}, {"start": "00:06:57", "end": "00:07:02", "text": "the market is basically saying that we"}, {"start": "00:07:00", "end": "00:07:05", "text": "don't think this is my impression."}, {"start": "00:07:02", "end": "00:07:08", "text": "Market is saying to me, even at 110,"}, {"start": "00:07:05", "end": "00:07:10", "text": "$120 oil, we don't think a recession's"}, {"start": "00:07:08", "end": "00:07:12", "text": "happening. And that's because there are"}, {"start": "00:07:10", "end": "00:07:14", "text": "sectors in the market that are doing"}, {"start": "00:07:12", "end": "00:07:17", "text": "extremely well. The video I'll show this"}, {"start": "00:07:14", "end": "00:07:19", "text": "weekend, like transportation stocks, oil"}, {"start": "00:07:17", "end": "00:07:22", "text": "prices should be knocking off demand."}, {"start": "00:07:19", "end": "00:07:24", "text": "the rates for stuff X the fuel costs are"}, {"start": "00:07:22", "end": "00:07:27", "text": "still going higher the build out of AI"}, {"start": "00:07:24", "end": "00:07:30", "text": "is happening the memory chips all this"}, {"start": "00:07:27", "end": "00:07:32", "text": "stuff so have to remember if oil prices"}, {"start": "00:07:30", "end": "00:07:34", "text": "stay up here the market is doing what it"}, {"start": "00:07:32", "end": "00:07:36", "text": "should do and that's why when I say"}, {"start": "00:07:34", "end": "00:07:39", "text": "multiple compression is the story for"}, {"start": "00:07:36", "end": "00:07:42", "text": "this year multiple compression means"}, {"start": "00:07:39", "end": "00:07:45", "text": "your forecast of the future of the"}, {"start": "00:07:42", "end": "00:07:47", "text": "ability for companies to make money I"}, {"start": "00:07:45", "end": "00:07:48", "text": "don't agree with it I think the that's"}, {"start": "00:07:47", "end": "00:07:50", "text": "what a multiple is supposed to say is"}, {"start": "00:07:48", "end": "00:07:52", "text": "how long is this growth grow prospect"}, {"start": "00:07:50", "end": "00:07:53", "text": "going to go. I think what it's doing is"}, {"start": "00:07:52", "end": "00:07:55", "text": "looking forward and saying we have this"}, {"start": "00:07:53", "end": "00:07:58", "text": "temporary thing with oil but we have"}, {"start": "00:07:55", "end": "00:08:00", "text": "this bigger pressure which is AI is"}, {"start": "00:07:58", "end": "00:08:02", "text": "accelerating at such a fast pace that"}, {"start": "00:08:00", "end": "00:08:04", "text": "that future keeps coming closer and"}, {"start": "00:08:02", "end": "00:08:06", "text": "closer to disruption. That is the major"}, {"start": "00:08:04", "end": "00:08:09", "text": "story. That's why when we spoke and I"}, {"start": "00:08:06", "end": "00:08:12", "text": "said this is a absolutely"}, {"start": "00:08:09", "end": "00:08:14", "text": "a supersonic tsunami and I heard you use"}, {"start": "00:08:12", "end": "00:08:15", "text": "it with Peter Diamandis on your"}, {"start": "00:08:14", "end": "00:08:17", "text": "interview."}, {"start": "00:08:15", "end": "00:08:19", "text": "It's the re right way to look at it. And"}, {"start": "00:08:17", "end": "00:08:21", "text": "Peter did a great job of explaining the"}, {"start": "00:08:19", "end": "00:08:23", "text": "comment. Elon Musk has done a great job."}, {"start": "00:08:21", "end": "00:08:24", "text": "I don't do a great job with that. But"}, {"start": "00:08:23", "end": "00:08:27", "text": "let's just say from a market"}, {"start": "00:08:24", "end": "00:08:29", "text": "perspective, the PE of the market out"}, {"start": "00:08:27", "end": "00:08:30", "text": "three years is being pushed down because"}, {"start": "00:08:29", "end": "00:08:32", "text": "of this."}, {"start": "00:08:30", "end": "00:08:35", "text": ">> So you said that inflation's going"}, {"start": "00:08:32", "end": "00:08:37", "text": "higher. I have been very clear with"}, {"start": "00:08:35", "end": "00:08:39", "text": "people for I don't know five years now."}, {"start": "00:08:37", "end": "00:08:40", "text": "The number one signal I look at is true"}, {"start": "00:08:39", "end": "00:08:42", "text": "inflation. I know that it is somewhat"}, {"start": "00:08:40", "end": "00:08:43", "text": "still controversial. People are"}, {"start": "00:08:42", "end": "00:08:45", "text": "skeptical. you know, how could this"}, {"start": "00:08:43", "end": "00:08:47", "text": "private company create this uh metric,"}, {"start": "00:08:45", "end": "00:08:49", "text": "whatever. My understanding in looking at"}, {"start": "00:08:47", "end": "00:08:52", "text": "the data is there's about a 98%"}, {"start": "00:08:49", "end": "00:08:54", "text": "correlation between the BLS CPI and the"}, {"start": "00:08:52", "end": "00:08:56", "text": "true inflation inflation measurement. Uh"}, {"start": "00:08:54", "end": "00:08:59", "text": "but CPI is just one month lagged behind."}, {"start": "00:08:56", "end": "00:09:02", "text": "So, uh with that as the backdrop, um it"}, {"start": "00:08:59", "end": "00:09:05", "text": "is very notable that inflation went from"}, {"start": "00:09:02", "end": "00:09:09", "text": "08 on true inflation before the war to"}, {"start": "00:09:05", "end": "00:09:10", "text": "1.7 almost 1.8, right? Huge explosion on"}, {"start": "00:09:09", "end": "00:09:13", "text": "like a percentage basis, more than"}, {"start": "00:09:10", "end": "00:09:15", "text": "double. We just got the updated numbers"}, {"start": "00:09:13", "end": "00:09:18", "text": "because all the April data on April 1st"}, {"start": "00:09:15", "end": "00:09:20", "text": "updated and it dropped from 1.7 to 1.2."}, {"start": "00:09:18", "end": "00:09:21", "text": "So if you look into the data, what"}, {"start": "00:09:20", "end": "00:09:23", "text": "they're showing is that there was four"}, {"start": "00:09:21", "end": "00:09:26", "text": "major sectors. I think it was transport,"}, {"start": "00:09:23", "end": "00:09:29", "text": "utility, housing, and food that all now"}, {"start": "00:09:26", "end": "00:09:31", "text": "are in very slight but still deflation,"}, {"start": "00:09:29", "end": "00:09:33", "text": "right? It's negative growth in those uh"}, {"start": "00:09:31", "end": "00:09:36", "text": "uh sectors."}, {"start": "00:09:33", "end": "00:09:37", "text": "I from my perspective see a battle"}, {"start": "00:09:36", "end": "00:09:39", "text": "between like structural deflationary"}, {"start": "00:09:37", "end": "00:09:41", "text": "pressures and the supersonic tsunami and"}, {"start": "00:09:39", "end": "00:09:43", "text": "you know all this stuff with this"}, {"start": "00:09:41", "end": "00:09:46", "text": "short-term oil price that's spiking and"}, {"start": "00:09:43", "end": "00:09:49", "text": "and should lead to higher inflation. How"}, {"start": "00:09:46", "end": "00:09:52", "text": "do you handicap? Which one wins? And"}, {"start": "00:09:49", "end": "00:09:54", "text": "like if I'm an investor, at what point"}, {"start": "00:09:52", "end": "00:09:55", "text": "do I stop worrying about the structural"}, {"start": "00:09:54", "end": "00:09:57", "text": "stuff and I start worrying about this"}, {"start": "00:09:55", "end": "00:09:58", "text": "short-term thing? And I think you're"}, {"start": "00:09:57", "end": "00:10:00", "text": "kind of getting at this with the market"}, {"start": "00:09:58", "end": "00:10:02", "text": "basically being like even if gas prices"}, {"start": "00:10:00", "end": "00:10:03", "text": "are higher, we're not going to have a"}, {"start": "00:10:02", "end": "00:10:04", "text": "recession. And is that the market trying"}, {"start": "00:10:03", "end": "00:10:06", "text": "to handicap like this like whole"}, {"start": "00:10:04", "end": "00:10:08", "text": "inflationary thing?"}, {"start": "00:10:06", "end": "00:10:12", "text": ">> Well, on the first point about true"}, {"start": "00:10:08", "end": "00:10:15", "text": "inflation, um, number one, the reason I"}, {"start": "00:10:12", "end": "00:10:17", "text": "seldom if ever reference it"}, {"start": "00:10:15", "end": "00:10:18", "text": ">> is because it doesn't drive the market."}, {"start": "00:10:17", "end": "00:10:20", "text": "Meaning"}, {"start": "00:10:18", "end": "00:10:22", "text": ">> investors aren't paying attention to it."}, {"start": "00:10:20", "end": "00:10:23", "text": "They're not going through it. So that"}, {"start": "00:10:22", "end": "00:10:24", "text": "the first thing, second thing is,"}, {"start": "00:10:23", "end": "00:10:25", "text": ">> and to be fair, there's a lot of"}, {"start": "00:10:24", "end": "00:10:28", "text": "investors who not only aren't paying"}, {"start": "00:10:25", "end": "00:10:30", "text": "attention, but they think it u they"}, {"start": "00:10:28", "end": "00:10:31", "text": "thumb their nose at it, right? Like it's"}, {"start": "00:10:30", "end": "00:10:33", "text": "almost like when somebody says it,"}, {"start": "00:10:31", "end": "00:10:36", "text": "they're very dismissive of it. So to"}, {"start": "00:10:33", "end": "00:10:38", "text": "your point, their data does not drive"}, {"start": "00:10:36", "end": "00:10:40", "text": "the majority of investors decisionm"}, {"start": "00:10:38", "end": "00:10:42", "text": ">> and the Fed doesn't comment about it. So"}, {"start": "00:10:40", "end": "00:10:44", "text": "monetary policy is not set off of it and"}, {"start": "00:10:42", "end": "00:10:47", "text": "we know the nuances between it."}, {"start": "00:10:44", "end": "00:10:49", "text": ">> So as a real-time indicator right now"}, {"start": "00:10:47", "end": "00:10:52", "text": "the cost of oil going higher is only"}, {"start": "00:10:49", "end": "00:10:53", "text": "seen through gas at the pump. You're"}, {"start": "00:10:52", "end": "00:10:55", "text": "going to try to tell me that transport"}, {"start": "00:10:53", "end": "00:10:57", "text": "like I know transportation costs are"}, {"start": "00:10:55", "end": "00:11:00", "text": "going higher. I see the rates but I also"}, {"start": "00:10:57", "end": "00:11:02", "text": "see that. So what trueflation is real"}, {"start": "00:11:00", "end": "00:11:04", "text": "time. That's the benefit of kind of"}, {"start": "00:11:02", "end": "00:11:05", "text": "using it. The gas at the pump, the"}, {"start": "00:11:04", "end": "00:11:08", "text": "fertilizer, the food prices, that'll all"}, {"start": "00:11:05", "end": "00:11:10", "text": "start kicking in with a lag. So it isn't"}, {"start": "00:11:08", "end": "00:11:11", "text": "going to tell you. And at times,"}, {"start": "00:11:10", "end": "00:11:13", "text": "especially when you have something like"}, {"start": "00:11:11", "end": "00:11:15", "text": "this, it's going to lag behind because"}, {"start": "00:11:13", "end": "00:11:17", "text": "CPI hasn't gone higher yet. We haven't"}, {"start": "00:11:15", "end": "00:11:19", "text": "got the report. And when we get out, I"}, {"start": "00:11:17", "end": "00:11:21", "text": "mean, we just had the report for um for"}, {"start": "00:11:19", "end": "00:11:22", "text": "February and it wasn't higher because"}, {"start": "00:11:21", "end": "00:11:24", "text": "gas at the pump was still"}, {"start": "00:11:22", "end": "00:11:27", "text": ">> But here's what's interesting, right?"}, {"start": "00:11:24", "end": "00:11:29", "text": "And again, this is I don't know exactly"}, {"start": "00:11:27", "end": "00:11:31", "text": "why this happens, but I was looking at"}, {"start": "00:11:29", "end": "00:11:32", "text": "uh on the transport side, used and new"}, {"start": "00:11:31", "end": "00:11:33", "text": "cars"}, {"start": "00:11:32", "end": "00:11:35", "text": ">> prices have started to come down."}, {"start": "00:11:33", "end": "00:11:37", "text": "Obviously, gas prices are going up. And"}, {"start": "00:11:35", "end": "00:11:40", "text": "so when you look at transport,"}, {"start": "00:11:37", "end": "00:11:42", "text": ">> it when I say deflation, I'm not talking"}, {"start": "00:11:40", "end": "00:11:44", "text": "about prices drop 10%. Right. I'm"}, {"start": "00:11:42", "end": "00:11:47", "text": "talking about they drop, you know, 0.1"}, {"start": "00:11:44", "end": "00:11:49", "text": "2.3 and so it is a slight like it rolled"}, {"start": "00:11:47", "end": "00:11:50", "text": "over and it's starting to come down uh"}, {"start": "00:11:49", "end": "00:11:51", "text": "slightly."}, {"start": "00:11:50", "end": "00:11:54", "text": ">> So let's just call it flat."}, {"start": "00:11:51", "end": "00:11:56", "text": ">> Mhm. That still to me feels like okay"}, {"start": "00:11:54", "end": "00:11:58", "text": "you have I mean gas prices are four"}, {"start": "00:11:56", "end": "00:12:00", "text": "bucks sure right over $4."}, {"start": "00:11:58", "end": "00:12:02", "text": ">> So it does feel like this battle between"}, {"start": "00:12:00", "end": "00:12:05", "text": "like if new and used cars are coming"}, {"start": "00:12:02", "end": "00:12:06", "text": "down it's offsetting like higher gas"}, {"start": "00:12:05", "end": "00:12:06", "text": "prices. I just don't know how long that"}, {"start": "00:12:06", "end": "00:12:07", "text": "can last."}, {"start": "00:12:06", "end": "00:12:09", "text": ">> Right."}, {"start": "00:12:07", "end": "00:12:12", "text": ">> So let's go back to core inflation"}, {"start": "00:12:09", "end": "00:12:14", "text": "versus headline. And headline inflation"}, {"start": "00:12:12", "end": "00:12:16", "text": "is the one that I'm talking about only"}, {"start": "00:12:14", "end": "00:12:17", "text": "for one reason. It is"}, {"start": "00:12:16", "end": "00:12:20", "text": ">> there's a reason why we have core"}, {"start": "00:12:17", "end": "00:12:22", "text": "inflation. That was to strip out the"}, {"start": "00:12:20", "end": "00:12:24", "text": "commodity side. We have a K-shaped"}, {"start": "00:12:22", "end": "00:12:26", "text": "economy."}, {"start": "00:12:24", "end": "00:12:28", "text": "Housing affordability is already at bad"}, {"start": "00:12:26", "end": "00:12:31", "text": "level. We are not going to see shelter"}, {"start": "00:12:28", "end": "00:12:34", "text": "go up. Wages are dropping. We have"}, {"start": "00:12:31", "end": "00:12:37", "text": "deflation happening in probably the bulk"}, {"start": "00:12:34", "end": "00:12:38", "text": "of the economy. So housing, if the"}, {"start": "00:12:37", "end": "00:12:40", "text": "housing market isn't there, do you know"}, {"start": "00:12:38", "end": "00:12:42", "text": "how many things are in the CPI related"}, {"start": "00:12:40", "end": "00:12:44", "text": "to housing? Like furniture, bathroom,"}, {"start": "00:12:42", "end": "00:12:46", "text": "like everything that goes in house. That"}, {"start": "00:12:44", "end": "00:12:48", "text": "is a massive amount of dollars that gets"}, {"start": "00:12:46", "end": "00:12:50", "text": "spent when you buy a home and then to"}, {"start": "00:12:48", "end": "00:12:52", "text": "fill it out. All of us use lot. Same"}, {"start": "00:12:50", "end": "00:12:54", "text": "thing goes for utility. Gas at the pump"}, {"start": "00:12:52", "end": "00:12:57", "text": "is higher, but natural gas is actually"}, {"start": "00:12:54", "end": "00:12:58", "text": "down in the country. So inflation is a"}, {"start": "00:12:57", "end": "00:13:00", "text": "weird thing. And this is the reason why"}, {"start": "00:12:58", "end": "00:13:02", "text": "when I tell people I don't believe"}, {"start": "00:13:00", "end": "00:13:04", "text": "inflation is going to stay higher."}, {"start": "00:13:02", "end": "00:13:07", "text": ">> I do believe that oil prices have now"}, {"start": "00:13:04", "end": "00:13:08", "text": "reset to higher levels because they're"}, {"start": "00:13:07", "end": "00:13:11", "text": "not going back down. We've done way too"}, {"start": "00:13:08", "end": "00:13:13", "text": "much damage. And that's why um anyone"}, {"start": "00:13:11", "end": "00:13:15", "text": "who thought this was a temporary thing"}, {"start": "00:13:13", "end": "00:13:18", "text": "on my video last week, I said this is"}, {"start": "00:13:15", "end": "00:13:20", "text": "officially a regime shift. AI is causing"}, {"start": "00:13:18", "end": "00:13:23", "text": "this and the commodity problem's not"}, {"start": "00:13:20", "end": "00:13:24", "text": "going around. So, if you're living at"}, {"start": "00:13:23", "end": "00:13:26", "text": "home and you're going through this,"}, {"start": "00:13:24", "end": "00:13:28", "text": "you're going to see some costs go down"}, {"start": "00:13:26", "end": "00:13:30", "text": ">> because the job market's not great. The"}, {"start": "00:13:28", "end": "00:13:32", "text": "housing market's not great and nobody's"}, {"start": "00:13:30", "end": "00:13:34", "text": "going to go buy cars if those things"}, {"start": "00:13:32", "end": "00:13:36", "text": "aren't working. And so, there's parts of"}, {"start": "00:13:34", "end": "00:13:37", "text": "the economy in deflation. There's parts"}, {"start": "00:13:36", "end": "00:13:39", "text": "of them that are there. This is"}, {"start": "00:13:37", "end": "00:13:41", "text": "different in 2022. And I think people"}, {"start": "00:13:39", "end": "00:13:43", "text": "forget this. This is why I wrote the"}, {"start": "00:13:41", "end": "00:13:46", "text": "piece on the dilemma for the Fed. When"}, {"start": "00:13:43", "end": "00:13:48", "text": "the Fed fought inflation in 2022, let's"}, {"start": "00:13:46", "end": "00:13:50", "text": "assume we do get a spike in inflation up"}, {"start": "00:13:48", "end": "00:13:53", "text": "to 7%."}, {"start": "00:13:50", "end": "00:13:55", "text": "We got up to nine in change in 10 with"}, {"start": "00:13:53", "end": "00:13:59", "text": "with 2022, but the housing market was on"}, {"start": "00:13:55", "end": "00:14:00", "text": "fire in 2022. We created 4 million jobs"}, {"start": "00:13:59", "end": "00:14:02", "text": "in 2022."}, {"start": "00:14:00", "end": "00:14:04", "text": "We're creating no jobs and the housing"}, {"start": "00:14:02", "end": "00:14:06", "text": "market is falling. So, this is a very"}, {"start": "00:14:04", "end": "00:14:08", "text": "different time. And if you get an"}, {"start": "00:14:06", "end": "00:14:09", "text": "inflation spike, the Fed can't react to"}, {"start": "00:14:08", "end": "00:14:10", "text": "it the same way it did last time. And"}, {"start": "00:14:09", "end": "00:14:12", "text": "that's why I wrote the piece that"}, {"start": "00:14:10", "end": "00:14:13", "text": "Bitcoin is in this weird spot where"}, {"start": "00:14:12", "end": "00:14:14", "text": "you're actually probably going to have"}, {"start": "00:14:13", "end": "00:14:17", "text": "the Fed at a point where they have to"}, {"start": "00:14:14", "end": "00:14:19", "text": "focus on the dual mandate, which is,"}, {"start": "00:14:17", "end": "00:14:22", "text": "hey, the job market's still weak. We got"}, {"start": "00:14:19", "end": "00:14:24", "text": "a labor number today. Hey, great. It was"}, {"start": "00:14:22", "end": "00:14:27", "text": "178,000 jobs. Surprised on the upside."}, {"start": "00:14:24", "end": "00:14:29", "text": "Okay, last month was 91. We revised it"}, {"start": "00:14:27", "end": "00:14:31", "text": "to minus 133, which means over the two"}, {"start": "00:14:29", "end": "00:14:35", "text": "months we created 45,000 jobs. And guess"}, {"start": "00:14:31", "end": "00:14:38", "text": "what? X healthcare was negative. Again,"}, {"start": "00:14:35", "end": "00:14:40", "text": "this problem we're in right now is AI is"}, {"start": "00:14:38", "end": "00:14:43", "text": "having an impact on many, many"}, {"start": "00:14:40", "end": "00:14:45", "text": "industries slowly but surely, and that"}, {"start": "00:14:43", "end": "00:14:46", "text": "puts pressure on the Fed. Today's"}, {"start": "00:14:45", "end": "00:14:48", "text": "episode is brought to you by Figure. If"}, {"start": "00:14:46", "end": "00:14:50", "text": "you believe in Bitcoin long-term, the"}, {"start": "00:14:48", "end": "00:14:51", "text": "worst move you can make is selling it"}, {"start": "00:14:50", "end": "00:14:53", "text": "just to access liquidity. That's why you"}, {"start": "00:14:51", "end": "00:14:56", "text": "should check out Figure. Right now,"}, {"start": "00:14:53", "end": "00:14:59", "text": "Figure offers cryptoback loans at 8.9%"}, {"start": "00:14:56", "end": "00:15:00", "text": "interest with 50% LTV and so you can"}, {"start": "00:14:59", "end": "00:15:02", "text": "unlock capital without creating a"}, {"start": "00:15:00", "end": "00:15:05", "text": "taxable event or giving up your Bitcoin"}, {"start": "00:15:02", "end": "00:15:06", "text": "exposure. Figures the largest non-bank"}, {"start": "00:15:05", "end": "00:15:08", "text": "mortgage lender in the United States."}, {"start": "00:15:06", "end": "00:15:10", "text": "They've got over $19 billion unlocked on"}, {"start": "00:15:08", "end": "00:15:11", "text": "their lending platform and now they're"}, {"start": "00:15:10", "end": "00:15:13", "text": "letting Bitcoin holders borrow against"}, {"start": "00:15:11", "end": "00:15:15", "text": "their Bitcoin instead of selling it."}, {"start": "00:15:13", "end": "00:15:18", "text": "Security matters here. So Figure uses"}, {"start": "00:15:15", "end": "00:15:20", "text": "decentralized MPC custody, meaning your"}, {"start": "00:15:18", "end": "00:15:22", "text": "Bitcoin stays in a segregated wallet."}, {"start": "00:15:20", "end": "00:15:24", "text": "It's not rehypothecated. It's not pulled"}, {"start": "00:15:22", "end": "00:15:25", "text": "and it's not sitting on an exchange"}, {"start": "00:15:24", "end": "00:15:27", "text": "balance sheet. They've also rolled out"}, {"start": "00:15:25", "end": "00:15:30", "text": "liquidation protection to help borrowers"}, {"start": "00:15:27", "end": "00:15:31", "text": "during sharp market draw downs. And if"}, {"start": "00:15:30", "end": "00:15:33", "text": "you're stacking sats but also want"}, {"start": "00:15:31", "end": "00:15:37", "text": "yield, democratized prime lets retail"}, {"start": "00:15:33", "end": "00:15:40", "text": "investors earn up to 8.5% APY. Paid"}, {"start": "00:15:37", "end": "00:15:42", "text": "hourly backed by realworld assets, not"}, {"start": "00:15:40", "end": "00:15:44", "text": "yield gains or token inflation. Hold"}, {"start": "00:15:42", "end": "00:15:46", "text": "your Bitcoin, unlock liquidity, or put"}, {"start": "00:15:44", "end": "00:15:48", "text": "capital to work. Check out Figure using"}, {"start": "00:15:46", "end": "00:15:51", "text": "my link in the description or go to"}, {"start": "00:15:48", "end": "00:15:51", "text": "figurearkets.co/pom."}, {"start": "00:15:52", "end": "00:15:55", "text": "Figuremarkets.co/pom."}, {"start": "00:15:57", "end": "00:16:00", "text": "Today's episode is brought to you by"}, {"start": "00:15:58", "end": "00:16:02", "text": "Fountain Life."}, {"start": "00:16:00", "end": "00:16:05", "text": ">> Your body is incredibly good at hiding"}, {"start": "00:16:02", "end": "00:16:08", "text": "disease."}, {"start": "00:16:05", "end": "00:16:08", "text": ">> Unless you look"}, {"start": "00:16:17", "end": "00:16:20", "text": "true wealth isn't measured in"}, {"start": "00:16:18", "end": "00:16:22", "text": "possession."}, {"start": "00:16:20", "end": "00:16:25", "text": "It's measured in the time you gain,"}, {"start": "00:16:22", "end": "00:16:27", "text": "the energy you feel, and the life you"}, {"start": "00:16:25", "end": "00:16:28", "text": "create. It may be the smartest"}, {"start": "00:16:27", "end": "00:16:31", "text": "investment of your time you'll ever"}, {"start": "00:16:28", "end": "00:16:31", "text": "make."}, {"start": "00:16:35", "end": "00:16:42", "text": ">> Life is so very, very precious and I"}, {"start": "00:16:38", "end": "00:16:46", "text": "want each of you to be truly awakened to"}, {"start": "00:16:42", "end": "00:16:49", "text": "your aliveness and live longer without"}, {"start": "00:16:46", "end": "00:16:49", "text": "limits."}, {"start": "00:16:52", "end": "00:16:56", "text": "your number one job is to educate"}, {"start": "00:16:54", "end": "00:16:59", "text": "yourself and Fountain wants to help"}, {"start": "00:16:56", "end": "00:16:59", "text": "educate you."}, {"start": "00:17:02", "end": "00:17:05", "text": ">> So, I'm going to give you a couple of"}, {"start": "00:17:03", "end": "00:17:06", "text": "examples of where AI is now showing up"}, {"start": "00:17:05", "end": "00:17:08", "text": "because I think you and I talk about it"}, {"start": "00:17:06", "end": "00:17:10", "text": "a lot as like this high level thing, but"}, {"start": "00:17:08", "end": "00:17:12", "text": "I think the specifics are now um they're"}, {"start": "00:17:10", "end": "00:17:14", "text": "too hard to ignore, right? So, the first"}, {"start": "00:17:12", "end": "00:17:17", "text": "one is uh there's a story that broke um"}, {"start": "00:17:14", "end": "00:17:19", "text": "on a company called Medv, Medvi,"}, {"start": "00:17:17", "end": "00:17:22", "text": "and it's a guy in Los Angeles who spent"}, {"start": "00:17:19", "end": "00:17:26", "text": "$20,000 plus his time and energy to"}, {"start": "00:17:22", "end": "00:17:29", "text": "create uh essentially a GLP1, you know,"}, {"start": "00:17:26", "end": "00:17:31", "text": "sales uh front end. Now, he has uh two"}, {"start": "00:17:29", "end": "00:17:33", "text": "partner businesses that are like the"}, {"start": "00:17:31", "end": "00:17:35", "text": "infrastructure. So, really, it's kind of"}, {"start": "00:17:33", "end": "00:17:37", "text": "like a the skin on top of, you know, the"}, {"start": "00:17:35", "end": "00:17:40", "text": "pharmacy and all this stuff. So he's"}, {"start": "00:17:37", "end": "00:17:41", "text": "really creating the landing pages, doing"}, {"start": "00:17:40", "end": "00:17:42", "text": "the marketing, acquiring the users,"}, {"start": "00:17:41", "end": "00:17:44", "text": "helping to process the payments, but"}, {"start": "00:17:42", "end": "00:17:45", "text": "they're the ones who are doing all the"}, {"start": "00:17:44", "end": "00:17:47", "text": "healthcare stuff. So it was just him."}, {"start": "00:17:45", "end": "00:17:49", "text": "Now he's hired one other person, his"}, {"start": "00:17:47", "end": "00:17:52", "text": "brother. So there's two guys. In the"}, {"start": "00:17:49", "end": "00:17:55", "text": "first year, they did $400 million of"}, {"start": "00:17:52", "end": "00:17:58", "text": "sales. They are claimed to be on track"}, {"start": "00:17:55", "end": "00:18:01", "text": "to do $1.8 billion of sales in their"}, {"start": "00:17:58", "end": "00:18:03", "text": "second year. All AI. They used AI to"}, {"start": "00:18:01", "end": "00:18:05", "text": "build the website, to do the marketing,"}, {"start": "00:18:03", "end": "00:18:06", "text": "to know what to do next, you know, all"}, {"start": "00:18:05", "end": "00:18:08", "text": "this kind of stuff. I saw a stat. I"}, {"start": "00:18:06", "end": "00:18:11", "text": "don't know if this true, but uh the stat"}, {"start": "00:18:08", "end": "00:18:12", "text": "I saw is HIMS does like 2.5 billion in"}, {"start": "00:18:11", "end": "00:18:14", "text": "revenue and these guys are claiming"}, {"start": "00:18:12", "end": "00:18:16", "text": "they're going to do 1.8. Maybe they're"}, {"start": "00:18:14", "end": "00:18:19", "text": "wrong, but let's let's just hold"}, {"start": "00:18:16", "end": "00:18:21", "text": "constant what they're saying. That to me"}, {"start": "00:18:19", "end": "00:18:23", "text": "feels like a lot of deflation. How do"}, {"start": "00:18:21", "end": "00:18:25", "text": "you do 1.8 billion in revenue with two"}, {"start": "00:18:23", "end": "00:18:28", "text": "dudes?"}, {"start": "00:18:25", "end": "00:18:29", "text": ">> One way that I know they won't hit those"}, {"start": "00:18:28", "end": "00:18:31", "text": "numbers is because you're talking about"}, {"start": "00:18:29", "end": "00:18:32", "text": "it."}, {"start": "00:18:31", "end": "00:18:35", "text": "There's there's now a bunch of people"}, {"start": "00:18:32", "end": "00:18:38", "text": "going, I want some of that 1.8 billion."}, {"start": "00:18:35", "end": "00:18:41", "text": "Um, I I I've uh I've realized something"}, {"start": "00:18:38", "end": "00:18:43", "text": "uh more and more over the last couple"}, {"start": "00:18:41", "end": "00:18:45", "text": "months and I was just in Boston and when"}, {"start": "00:18:43", "end": "00:18:47", "text": "I travel, which is not often, I I do"}, {"start": "00:18:45", "end": "00:18:49", "text": "spend a lot of time talking to people uh"}, {"start": "00:18:47", "end": "00:18:50", "text": "and but this was a big trip. You were"}, {"start": "00:18:49", "end": "00:18:52", "text": "talking to the big dogs."}, {"start": "00:18:50", "end": "00:18:53", "text": ">> Well, I was talking Yeah. investors, I"}, {"start": "00:18:52", "end": "00:18:55", "text": "was I was talking to a lot of important"}, {"start": "00:18:53", "end": "00:18:57", "text": "investors uh throughout Boston. But in"}, {"start": "00:18:55", "end": "00:19:00", "text": "terms of just people I also meet, um"}, {"start": "00:18:57", "end": "00:19:02", "text": "your show has brought me some notoriety"}, {"start": "00:19:00", "end": "00:19:06", "text": "and so people will stop and talk to me."}, {"start": "00:19:02", "end": "00:19:08", "text": ">> Well, your your comments created it. um"}, {"start": "00:19:06", "end": "00:19:09", "text": "what whatever the the the question is um"}, {"start": "00:19:08", "end": "00:19:11", "text": "they will stop and we'll talk and I"}, {"start": "00:19:09", "end": "00:19:14", "text": "always ask the question what are you"}, {"start": "00:19:11", "end": "00:19:16", "text": "using AI for and the majority of people"}, {"start": "00:19:14", "end": "00:19:18", "text": "unfortunately are still using it solely"}, {"start": "00:19:16", "end": "00:19:20", "text": "as a chatbot um it's a replacement for"}, {"start": "00:19:18", "end": "00:19:22", "text": "Google search I'm going to say this"}, {"start": "00:19:20", "end": "00:19:24", "text": "again for you guys that have kids that"}, {"start": "00:19:22", "end": "00:19:26", "text": "are late in high school and in college"}, {"start": "00:19:24", "end": "00:19:27", "text": "they need to be using it all the day and"}, {"start": "00:19:26", "end": "00:19:30", "text": "you need to be inspiring them and"}, {"start": "00:19:27", "end": "00:19:32", "text": "getting them to do it I promise I will"}, {"start": "00:19:30", "end": "00:19:34", "text": "be releasing occasionally some 15 minute"}, {"start": "00:19:32", "end": "00:19:36", "text": "20 minute things on YouTube on my"}, {"start": "00:19:34", "end": "00:19:38", "text": "channel to try and help people with"}, {"start": "00:19:36", "end": "00:19:40", "text": "their kids because I've worked a lot"}, {"start": "00:19:38", "end": "00:19:42", "text": "with my son, he's doing phenomenally"}, {"start": "00:19:40", "end": "00:19:45", "text": "well with it, but if it wasn't for me"}, {"start": "00:19:42", "end": "00:19:47", "text": "paying for him to use Claude and giving"}, {"start": "00:19:45", "end": "00:19:49", "text": "him a higher thing even for a month to"}, {"start": "00:19:47", "end": "00:19:51", "text": "use some of these agentic tools where we"}, {"start": "00:19:49", "end": "00:19:53", "text": "are getting a separation and this is the"}, {"start": "00:19:51", "end": "00:19:55", "text": "thing that bothers me. It's open to"}, {"start": "00:19:53", "end": "00:19:57", "text": "anyone. Anyone free can be using it and"}, {"start": "00:19:55", "end": "00:19:59", "text": "can learn how to use it. So the story"}, {"start": "00:19:57", "end": "00:20:01", "text": "you're mentioning with someone who turns"}, {"start": "00:19:59", "end": "00:20:03", "text": "a business in, I'm going through this"}, {"start": "00:20:01", "end": "00:20:05", "text": "firsthand. Like my business is growing"}, {"start": "00:20:03", "end": "00:20:07", "text": "both on the consulting side and on the"}, {"start": "00:20:05", "end": "00:20:09", "text": "payw wall trying to help investors make"}, {"start": "00:20:07", "end": "00:20:12", "text": "money. And my focus is on FAS and RAAS"}, {"start": "00:20:09", "end": "00:20:13", "text": "and helping them now model portfolios,"}, {"start": "00:20:12", "end": "00:20:14", "text": "the names that you need, how do we get"}, {"start": "00:20:13", "end": "00:20:16", "text": "through the private credit side, what do"}, {"start": "00:20:14", "end": "00:20:17", "text": "you need to know about private credit?"}, {"start": "00:20:16", "end": "00:20:19", "text": "That's the value I can bring to people"}, {"start": "00:20:17", "end": "00:20:21", "text": "is to provide them the information to"}, {"start": "00:20:19", "end": "00:20:23", "text": "keep their clients from panicking and"}, {"start": "00:20:21", "end": "00:20:24", "text": "find other ways for them to help them"}, {"start": "00:20:23", "end": "00:20:27", "text": "not be in this position of going through"}, {"start": "00:20:24", "end": "00:20:29", "text": "it. I just don't feel enough people"}, {"start": "00:20:27", "end": "00:20:32", "text": "understand what you're saying, which is"}, {"start": "00:20:29", "end": "00:20:36", "text": "if you don't use it, you will never be"}, {"start": "00:20:32", "end": "00:20:37", "text": "able to improve your golf game, your"}, {"start": "00:20:36", "end": "00:20:39", "text": "like it's this thing of you got to put"}, {"start": "00:20:37", "end": "00:20:40", "text": "the reps in to actually be able to"}, {"start": "00:20:39", "end": "00:20:41", "text": "accomplish that."}, {"start": "00:20:40", "end": "00:20:42", "text": ">> I don't want to use uh his name because"}, {"start": "00:20:41", "end": "00:20:45", "text": "I don't know if he'd be comfortable, but"}, {"start": "00:20:42", "end": "00:20:48", "text": "there's a gentleman that uses Sylvia,"}, {"start": "00:20:45", "end": "00:20:50", "text": "the product that we built, and um he's a"}, {"start": "00:20:48", "end": "00:20:52", "text": "bluecollar guy who lives in the Midwest."}, {"start": "00:20:50", "end": "00:20:55", "text": "And uh we recently did a call with him"}, {"start": "00:20:52", "end": "00:20:57", "text": "because we noticed that there was some"}, {"start": "00:20:55", "end": "00:20:59", "text": "user that was using the product in a way"}, {"start": "00:20:57", "end": "00:21:01", "text": "that had to be different, right? And so"}, {"start": "00:20:59", "end": "00:21:03", "text": "we reached out and said, \"Hey, you know,"}, {"start": "00:21:01", "end": "00:21:05", "text": "do do you want to jump on a call?\" And"}, {"start": "00:21:03", "end": "00:21:08", "text": "he showed us exactly how he's using it."}, {"start": "00:21:05", "end": "00:21:11", "text": "Long story short is he has figured out"}, {"start": "00:21:08", "end": "00:21:15", "text": "how to use Sylvia to identify potential"}, {"start": "00:21:11", "end": "00:21:16", "text": "M&A targets in the biotech space. And in"}, {"start": "00:21:15", "end": "00:21:18", "text": "the last I think he said like last 30"}, {"start": "00:21:16", "end": "00:21:19", "text": "days or so, five different companies"}, {"start": "00:21:18", "end": "00:21:22", "text": "he's an investor in have been bought by"}, {"start": "00:21:19", "end": "00:21:24", "text": "some of the big pharma companies. He has"}, {"start": "00:21:22", "end": "00:21:26", "text": "doubled his portfolio value in the la I"}, {"start": "00:21:24", "end": "00:21:26", "text": "think since like November or December."}, {"start": "00:21:26", "end": "00:21:27", "text": ">> Mhm."}, {"start": "00:21:26", "end": "00:21:29", "text": ">> Right. And and he's explaining all this"}, {"start": "00:21:27", "end": "00:21:30", "text": "stuff to me and everything and the first"}, {"start": "00:21:29", "end": "00:21:32", "text": "thing he keeps saying he's almost like"}, {"start": "00:21:30", "end": "00:21:34", "text": "you know a self-conscious about the fact"}, {"start": "00:21:32", "end": "00:21:35", "text": "he's like look I'm a blue collar guy. I"}, {"start": "00:21:34", "end": "00:21:37", "text": "don't know anything. He never had used"}, {"start": "00:21:35", "end": "00:21:39", "text": "another AI product before. Yep."}, {"start": "00:21:37", "end": "00:21:40", "text": ">> Right. And so the way he's using it is"}, {"start": "00:21:39", "end": "00:21:41", "text": "just the same way that any of us would"}, {"start": "00:21:40", "end": "00:21:44", "text": "use, you know, kind of AI, but he's"}, {"start": "00:21:41", "end": "00:21:45", "text": "using it inside of the Sylvia product."}, {"start": "00:21:44", "end": "00:21:47", "text": "And I we got off the call and I said to"}, {"start": "00:21:45", "end": "00:21:49", "text": "Shann, our co-ounder, I was like, do you"}, {"start": "00:21:47", "end": "00:21:52", "text": "understand the power of a product to"}, {"start": "00:21:49", "end": "00:21:54", "text": "help a guy like this that now has this"}, {"start": "00:21:52", "end": "00:21:56", "text": "superhuman intelligence like get going?"}, {"start": "00:21:54", "end": "00:21:58", "text": "And then I heard uh Brex CEO. So Brex"}, {"start": "00:21:56", "end": "00:21:59", "text": "just got bought by Capital One. So you"}, {"start": "00:21:58", "end": "00:22:00", "text": "know, once you kind of reach the top of"}, {"start": "00:21:59", "end": "00:22:02", "text": "the mountain, everyone wants to talk to"}, {"start": "00:22:00", "end": "00:22:04", "text": "you. He's been going on his little"}, {"start": "00:22:02", "end": "00:22:06", "text": "podcast tour. and uh somebody asked him"}, {"start": "00:22:04", "end": "00:22:08", "text": "about AI and long story short is he's"}, {"start": "00:22:06", "end": "00:22:09", "text": "using openclaw"}, {"start": "00:22:08", "end": "00:22:12", "text": "but basically sounds like he gave it"}, {"start": "00:22:09", "end": "00:22:15", "text": "full access"}, {"start": "00:22:12", "end": "00:22:18", "text": "email calendars"}, {"start": "00:22:15", "end": "00:22:20", "text": "company dashboards metrics documents"}, {"start": "00:22:18", "end": "00:22:21", "text": "everything"}, {"start": "00:22:20", "end": "00:22:24", "text": ">> there's like a two-minute clip floating"}, {"start": "00:22:21", "end": "00:22:26", "text": "around online of him describing what"}, {"start": "00:22:24", "end": "00:22:28", "text": "he's doing with it and not only is it"}, {"start": "00:22:26", "end": "00:22:30", "text": "you know uh figuring out what uh emails"}, {"start": "00:22:28", "end": "00:22:32", "text": "to answer and WhatsApp and all this"}, {"start": "00:22:30", "end": "00:22:34", "text": "sending him reports looking through all"}, {"start": "00:22:32", "end": "00:22:35", "text": "company's information and then saying"}, {"start": "00:22:34", "end": "00:22:37", "text": "here's the next things that you should"}, {"start": "00:22:35", "end": "00:22:40", "text": "do. I mean it would be like having an"}, {"start": "00:22:37", "end": "00:22:41", "text": "army of like McKenzie consultants that"}, {"start": "00:22:40", "end": "00:22:43", "text": "you know are surrounding you trying to"}, {"start": "00:22:41", "end": "00:22:46", "text": "help you run the business."}, {"start": "00:22:43", "end": "00:22:48", "text": ">> I mean how deflationary is that?"}, {"start": "00:22:46", "end": "00:22:50", "text": ">> Th this whole thing is incredible. I I"}, {"start": "00:22:48", "end": "00:22:52", "text": "mean the deflationary side and so people"}, {"start": "00:22:50", "end": "00:22:55", "text": "um what you just described I'm in the"}, {"start": "00:22:52", "end": "00:22:57", "text": "early process for Visser Labs because"}, {"start": "00:22:55", "end": "00:23:00", "text": "I've got I have multiple revenue"}, {"start": "00:22:57", "end": "00:23:01", "text": ">> dope name dope name. Uh, so my Visser"}, {"start": "00:23:00", "end": "00:23:02", "text": "Labs thing, which the website's"}, {"start": "00:23:01", "end": "00:23:04", "text": "horrible, all the stuff, I've kind of"}, {"start": "00:23:02", "end": "00:23:07", "text": "left it alone because most of my"}, {"start": "00:23:04", "end": "00:23:09", "text": "business has come through through 22V"}, {"start": "00:23:07", "end": "00:23:10", "text": "and through just direct relationships"}, {"start": "00:23:09", "end": "00:23:14", "text": "with people I have, but I'm trying to"}, {"start": "00:23:10", "end": "00:23:15", "text": "expand the the ability to to respond to"}, {"start": "00:23:14", "end": "00:23:16", "text": "people, to go through this, to have"}, {"start": "00:23:15", "end": "00:23:18", "text": "active emails going, but I don't want to"}, {"start": "00:23:16", "end": "00:23:20", "text": "hire someone to be involved. So, I have"}, {"start": "00:23:18", "end": "00:23:23", "text": "to do it through Open Claw."}, {"start": "00:23:20", "end": "00:23:25", "text": ">> I I'm going to kind of give people this"}, {"start": "00:23:23", "end": "00:23:28", "text": "will inspire some people to to use it."}, {"start": "00:23:25", "end": "00:23:31", "text": "Um, and I started I talked about this in"}, {"start": "00:23:28", "end": "00:23:33", "text": "Boston. So, I've had a unique experience"}, {"start": "00:23:31", "end": "00:23:36", "text": "over the last year. Some of the people"}, {"start": "00:23:33", "end": "00:23:38", "text": "that watch this show have made money"}, {"start": "00:23:36", "end": "00:23:40", "text": "investing in some of the names that I've"}, {"start": "00:23:38", "end": "00:23:41", "text": "talked about. And whether it's Micron,"}, {"start": "00:23:40", "end": "00:23:41", "text": ">> I was going to say, did Micron go up a"}, {"start": "00:23:41", "end": "00:23:43", "text": "lot?"}, {"start": "00:23:41", "end": "00:23:45", "text": ">> Micron came up a lot. Whether it was"}, {"start": "00:23:43", "end": "00:23:47", "text": "Salesforce uh being short Salesforce.com"}, {"start": "00:23:45", "end": "00:23:49", "text": "versus long Chevron,"}, {"start": "00:23:47", "end": "00:23:50", "text": "all of these things. I talked a lot last"}, {"start": "00:23:49", "end": "00:23:52", "text": "year about you have to have energy in"}, {"start": "00:23:50", "end": "00:23:54", "text": "your portfolio because it is replacing"}, {"start": "00:23:52", "end": "00:23:55", "text": "bonds as this because eventually if"}, {"start": "00:23:54", "end": "00:23:56", "text": "there's something that happens it'll be"}, {"start": "00:23:55", "end": "00:23:58", "text": "on the inflation side because we are"}, {"start": "00:23:56", "end": "00:24:00", "text": "running out of power. The only reason I"}, {"start": "00:23:58", "end": "00:24:03", "text": "bring it up"}, {"start": "00:24:00", "end": "00:24:06", "text": "I realized something this week cuz on my"}, {"start": "00:24:03", "end": "00:24:08", "text": "payw wall I put out a new spotlight name"}, {"start": "00:24:06", "end": "00:24:11", "text": "out of one of the thematic baskets and"}, {"start": "00:24:08", "end": "00:24:13", "text": "the next day there was an announcement"}, {"start": "00:24:11", "end": "00:24:15", "text": "where someone made an investment in the"}, {"start": "00:24:13", "end": "00:24:17", "text": "company. the next day. Now, this has"}, {"start": "00:24:15", "end": "00:24:20", "text": "happened to multiple times. And what I"}, {"start": "00:24:17", "end": "00:24:23", "text": "started to realize was I spend so much"}, {"start": "00:24:20", "end": "00:24:25", "text": "time taking public transcripts of let's"}, {"start": "00:24:23", "end": "00:24:28", "text": "just take an example of someone who"}, {"start": "00:24:25", "end": "00:24:30", "text": "speaks all the time, Jensen Yuang. That"}, {"start": "00:24:28", "end": "00:24:33", "text": "guy speaks"}, {"start": "00:24:30", "end": "00:24:35", "text": "I mean five times a week. If you take"}, {"start": "00:24:33", "end": "00:24:38", "text": "all his transcripts, you put them into a"}, {"start": "00:24:35", "end": "00:24:40", "text": "folder, which I do, and then you have"}, {"start": "00:24:38", "end": "00:24:42", "text": "co-work go in and you basically say,"}, {"start": "00:24:40", "end": "00:24:45", "text": "\"What should I invest in based on what"}, {"start": "00:24:42", "end": "00:24:47", "text": "he has said on everything he has said?\""}, {"start": "00:24:45", "end": "00:24:49", "text": "You know what these guys do? They"}, {"start": "00:24:47", "end": "00:24:50", "text": "actually tell you what to buy, not in"}, {"start": "00:24:49", "end": "00:24:52", "text": "direct words."}, {"start": "00:24:50", "end": "00:24:54", "text": ">> No, no, no. But they know,"}, {"start": "00:24:52", "end": "00:24:57", "text": ">> they know what I need. And so whether it"}, {"start": "00:24:54", "end": "00:25:00", "text": "was Meta with Corning,"}, {"start": "00:24:57", "end": "00:25:01", "text": "somewhere within Meta's statements is a"}, {"start": "00:25:00", "end": "00:25:03", "text": "thing of you know what where they won't"}, {"start": "00:25:01", "end": "00:25:06", "text": "say the name because that's illegal. But"}, {"start": "00:25:03", "end": "00:25:07", "text": "what they will basically describe is a"}, {"start": "00:25:06", "end": "00:25:09", "text": "place. It's like if you ask someone"}, {"start": "00:25:07", "end": "00:25:10", "text": "where did you go? I'm not going to tell"}, {"start": "00:25:09", "end": "00:25:12", "text": "you where I went cuz I don't want you to"}, {"start": "00:25:10", "end": "00:25:15", "text": "go to the same place. But I'll describe"}, {"start": "00:25:12", "end": "00:25:16", "text": "it to you. If they describe too much, AI"}, {"start": "00:25:15", "end": "00:25:16", "text": "is going to figure it out."}, {"start": "00:25:16", "end": "00:25:18", "text": ">> Yeah."}, {"start": "00:25:16", "end": "00:25:21", "text": ">> Or if they take a picture now and you"}, {"start": "00:25:18", "end": "00:25:23", "text": "just upload identify anyone and so which"}, {"start": "00:25:21", "end": "00:25:26", "text": ">> is scary. AI is the smartest. So when"}, {"start": "00:25:23", "end": "00:25:28", "text": "you start going into 140 IQ and I want"}, {"start": "00:25:26", "end": "00:25:29", "text": "to give people another thing because"}, {"start": "00:25:28", "end": "00:25:31", "text": "right now we're disrupting software but"}, {"start": "00:25:29", "end": "00:25:32", "text": "in these meetings in Boston what I'm"}, {"start": "00:25:31", "end": "00:25:34", "text": "starting to say to people is you have to"}, {"start": "00:25:32", "end": "00:25:36", "text": "understand we are in the agentic side."}, {"start": "00:25:34", "end": "00:25:37", "text": "So here's the most powerful thing you"}, {"start": "00:25:36", "end": "00:25:39", "text": "and I have never talked about this."}, {"start": "00:25:37", "end": "00:25:40", "text": ">> You know about the Manhattan project."}, {"start": "00:25:39", "end": "00:25:42", "text": "Oppenheimer came out. Everyone saw"}, {"start": "00:25:40", "end": "00:25:44", "text": "Oppenheimer. They know what it is. You"}, {"start": "00:25:42", "end": "00:25:46", "text": "take the brightest minds. Let's assume"}, {"start": "00:25:44", "end": "00:25:50", "text": "that everyone had Einstein's IQ. You"}, {"start": "00:25:46", "end": "00:25:51", "text": "take 50 160 IQ people. You stick him in"}, {"start": "00:25:50", "end": "00:25:55", "text": "a room and you say you solved the"}, {"start": "00:25:51", "end": "00:25:58", "text": "nuclear bomb and they do."}, {"start": "00:25:55", "end": "00:26:00", "text": "We are in the agentic side which means"}, {"start": "00:25:58", "end": "00:26:02", "text": "there are millions of Einsteins by the"}, {"start": "00:26:00", "end": "00:26:05", "text": "end of this year working together on the"}, {"start": "00:26:02", "end": "00:26:07", "text": "world's greatest problems."}, {"start": "00:26:05", "end": "00:26:09", "text": ">> Well, this disruption that has happened"}, {"start": "00:26:07", "end": "00:26:11", "text": "to software guys. It's going to happen"}, {"start": "00:26:09", "end": "00:26:13", "text": "to everything"}, {"start": "00:26:11", "end": "00:26:15", "text": ">> because there will be Manhattan projects"}, {"start": "00:26:13", "end": "00:26:17", "text": "going on constantly. The only thing"}, {"start": "00:26:15", "end": "00:26:19", "text": "we're lacking is the compute to solve"}, {"start": "00:26:17", "end": "00:26:22", "text": "cancer, the compute to do this. We will"}, {"start": "00:26:19", "end": "00:26:23", "text": "get there because those problems take so"}, {"start": "00:26:22", "end": "00:26:25", "text": "much computation to get through that it"}, {"start": "00:26:23", "end": "00:26:28", "text": "might be millions of Einstein's but the"}, {"start": "00:26:25", "end": "00:26:30", "text": "point being do not fade this disruption"}, {"start": "00:26:28", "end": "00:26:32", "text": "that's happening do not sit there and"}, {"start": "00:26:30", "end": "00:26:35", "text": "listen to people saying this is just"}, {"start": "00:26:32", "end": "00:26:38", "text": "like buying Amazon you're get no this is"}, {"start": "00:26:35", "end": "00:26:40", "text": "not this is a unique thing it is this is"}, {"start": "00:26:38", "end": "00:26:43", "text": "a million Einstein's fighting all"}, {"start": "00:26:40", "end": "00:26:47", "text": "arbitragees and all inflation because as"}, {"start": "00:26:43", "end": "00:26:49", "text": "Jeff Bezos famously said your margin is"}, {"start": "00:26:47", "end": "00:26:51", "text": "my opportunity"}, {"start": "00:26:49", "end": "00:26:53", "text": "If you tell Open Claw that with a"}, {"start": "00:26:51", "end": "00:26:54", "text": "million Einstein, go find any margins"}, {"start": "00:26:53", "end": "00:26:55", "text": "and go through it. That's why I made the"}, {"start": "00:26:54", "end": "00:26:56", "text": "joke about Medvik. Whatever they're"}, {"start": "00:26:55", "end": "00:26:57", "text": "doing now, you've disclosed it. Now"}, {"start": "00:26:56", "end": "00:26:59", "text": "everyone's going to be competing."}, {"start": "00:26:57", "end": "00:27:00", "text": ">> Oh, it's not cuz I disclosed it. I think"}, {"start": "00:26:59", "end": "00:27:01", "text": "I think it's I can't remember if it's"}, {"start": "00:27:00", "end": "00:27:02", "text": "New York Times or Wall Street Journal"}, {"start": "00:27:01", "end": "00:27:04", "text": "wrote like a, you know, cover photo. The"}, {"start": "00:27:02", "end": "00:27:06", "text": "guy standing there in the I was like,"}, {"start": "00:27:04", "end": "00:27:07", "text": "\"Hey, that business is definitely uh"}, {"start": "00:27:06", "end": "00:27:10", "text": "definitely going to be under pressure.\""}, {"start": "00:27:07", "end": "00:27:12", "text": "Um, you wrote this piece this week uh"}, {"start": "00:27:10", "end": "00:27:15", "text": "called Doge, but it was debt, oil,"}, {"start": "00:27:12", "end": "00:27:17", "text": "growth, and employment. talk a little"}, {"start": "00:27:15", "end": "00:27:19", "text": "bit as to like uh why these four things"}, {"start": "00:27:17", "end": "00:27:21", "text": "you put together."}, {"start": "00:27:19", "end": "00:27:23", "text": ">> So, I wanted to make sure that um well,"}, {"start": "00:27:21", "end": "00:27:26", "text": "there there's a two there's a couple"}, {"start": "00:27:23", "end": "00:27:27", "text": "things. Um so, let's start with what I"}, {"start": "00:27:26", "end": "00:27:30", "text": "said before, which is it's very"}, {"start": "00:27:27", "end": "00:27:33", "text": "difficult for the Fed to do what it did"}, {"start": "00:27:30", "end": "00:27:35", "text": "in 2022. And let's just peel the this"}, {"start": "00:27:33", "end": "00:27:37", "text": "apart so people remember. In 2022, we"}, {"start": "00:27:35", "end": "00:27:39", "text": "had a raging employment market. We had"}, {"start": "00:27:37", "end": "00:27:42", "text": "yolo. It was difficult to get people to"}, {"start": "00:27:39", "end": "00:27:43", "text": "go back to work. Now, the quits rate"}, {"start": "00:27:42", "end": "00:27:46", "text": "continues to go lower. A quits rate"}, {"start": "00:27:43", "end": "00:27:48", "text": "within the Joltz report is what"}, {"start": "00:27:46", "end": "00:27:51", "text": "percentage of people are looking to quit"}, {"start": "00:27:48", "end": "00:27:52", "text": "their job. Now that means you have the"}, {"start": "00:27:51", "end": "00:27:54", "text": "ability of getting a job."}, {"start": "00:27:52", "end": "00:27:55", "text": ">> When the quits rate is low, it means"}, {"start": "00:27:54", "end": "00:27:56", "text": "people are scared that they're not going"}, {"start": "00:27:55", "end": "00:28:00", "text": "to be able to get a job. So they're not"}, {"start": "00:27:56", "end": "00:28:02", "text": "quitting. So back then the quits rate"}, {"start": "00:28:00", "end": "00:28:04", "text": "was really high. Like everyone I mean it"}, {"start": "00:28:02", "end": "00:28:05", "text": "was a how much will you pay me? How much"}, {"start": "00:28:04", "end": "00:28:07", "text": "will you pay me? Everyone was switching"}, {"start": "00:28:05", "end": "00:28:10", "text": "jobs. There was no loyalty. There was"}, {"start": "00:28:07", "end": "00:28:12", "text": "nothing. And the housing market was on"}, {"start": "00:28:10", "end": "00:28:14", "text": "fire. I couldn't find a home in Maine to"}, {"start": "00:28:12", "end": "00:28:15", "text": "buy. I couldn't find one because every"}, {"start": "00:28:14", "end": "00:28:17", "text": "time it went on the market, it was gone."}, {"start": "00:28:15", "end": "00:28:18", "text": "Everyone knew this problem. Blackstone"}, {"start": "00:28:17", "end": "00:28:19", "text": "was involved. They're buying things."}, {"start": "00:28:18", "end": "00:28:22", "text": "They're renting them out. So, here we"}, {"start": "00:28:19", "end": "00:28:23", "text": "are now. Completely different situation."}, {"start": "00:28:22", "end": "00:28:25", "text": "Now, growth is down. The Fed can't do"}, {"start": "00:28:23", "end": "00:28:28", "text": "the Paul Vulker, we're going to fight"}, {"start": "00:28:25", "end": "00:28:29", "text": "inflation, and it's only oilbased. Well,"}, {"start": "00:28:28", "end": "00:28:30", "text": "let's assume it spreads to other things,"}, {"start": "00:28:29", "end": "00:28:32", "text": "which is what happens a lot of times,"}, {"start": "00:28:30", "end": "00:28:34", "text": "and we actually see core inflation go"}, {"start": "00:28:32", "end": "00:28:36", "text": "higher. This is a dilemma for the Fed,"}, {"start": "00:28:34", "end": "00:28:39", "text": "but there's two other points. So, I've"}, {"start": "00:28:36", "end": "00:28:41", "text": "said this is like the 1970s,"}, {"start": "00:28:39", "end": "00:28:43", "text": "and I believe with oil now having a"}, {"start": "00:28:41", "end": "00:28:45", "text": "floor that's moved up, we spent last"}, {"start": "00:28:43", "end": "00:28:47", "text": "year between 50 and 70 for the bulk of"}, {"start": "00:28:45", "end": "00:28:50", "text": "the year. Well, now we're talking 70 to"}, {"start": "00:28:47", "end": "00:28:52", "text": "90 for the rest of the year and probably"}, {"start": "00:28:50", "end": "00:28:54", "text": "a little bit longer. Well, that's going"}, {"start": "00:28:52", "end": "00:28:56", "text": "to make inflation be above the threshold"}, {"start": "00:28:54", "end": "00:28:57", "text": "that they're comfortable with. Will they"}, {"start": "00:28:56", "end": "00:28:59", "text": "tighten or will they cut rates? Well,"}, {"start": "00:28:57", "end": "00:29:00", "text": "he's got a Fed hair coming in, which I"}, {"start": "00:28:59", "end": "00:29:02", "text": "mentioned. Here are the two problems"}, {"start": "00:29:00", "end": "00:29:05", "text": "that I mention all the time. This"}, {"start": "00:29:02", "end": "00:29:08", "text": "economy is leveraged in two ways."}, {"start": "00:29:05", "end": "00:29:10", "text": "Number one guys, you've heard about debt"}, {"start": "00:29:08", "end": "00:29:13", "text": "to GDP being at 120%. You've heard that"}, {"start": "00:29:10", "end": "00:29:15", "text": "interest expense on that debt is greater"}, {"start": "00:29:13", "end": "00:29:17", "text": "than defense."}, {"start": "00:29:15", "end": "00:29:20", "text": "We were going from zero interest rates"}, {"start": "00:29:17", "end": "00:29:24", "text": "in 2022. If you raise them now, you're"}, {"start": "00:29:20", "end": "00:29:25", "text": "raising into already having expense up"}, {"start": "00:29:24", "end": "00:29:27", "text": "there. They raised them high and then"}, {"start": "00:29:25", "end": "00:29:28", "text": "they started to bring them back down"}, {"start": "00:29:27", "end": "00:29:31", "text": "quickly. Not quickly enough for"}, {"start": "00:29:28", "end": "00:29:33", "text": "President Trump, but they did do that."}, {"start": "00:29:31", "end": "00:29:34", "text": "So that's one difference. Debt to GDP."}, {"start": "00:29:33", "end": "00:29:36", "text": "what Ray Dalio runs around going this"}, {"start": "00:29:34", "end": "00:29:39", "text": "will end badly. We have that situation."}, {"start": "00:29:36", "end": "00:29:42", "text": "They cannot raise rates. Second problem,"}, {"start": "00:29:39", "end": "00:29:47", "text": "they cannot raise rates because equity"}, {"start": "00:29:42", "end": "00:29:49", "text": "market cap to GDP is now 220%."}, {"start": "00:29:47", "end": "00:29:51", "text": "If they cut, if they fight this down and"}, {"start": "00:29:49", "end": "00:29:53", "text": "he knocks the stock market down, that's"}, {"start": "00:29:51", "end": "00:29:55", "text": "not going to work either. Stock market's"}, {"start": "00:29:53", "end": "00:29:57", "text": "higher than it was in 2022 and the"}, {"start": "00:29:55", "end": "00:30:00", "text": "economy is weaker. So, you had a lot of"}, {"start": "00:29:57", "end": "00:30:03", "text": "cushion with this money supply. So if"}, {"start": "00:30:00", "end": "00:30:05", "text": "they fight this, they are really taking"}, {"start": "00:30:03", "end": "00:30:07", "text": "the leverage of the system and oh by the"}, {"start": "00:30:05", "end": "00:30:10", "text": "way we have a credit cycle which is in"}, {"start": "00:30:07", "end": "00:30:12", "text": "force which is every day there's a new"}, {"start": "00:30:10", "end": "00:30:14", "text": "thing massive redemptions from blue"}, {"start": "00:30:12", "end": "00:30:15", "text": "allen in the most recent time. So the"}, {"start": "00:30:14", "end": "00:30:18", "text": "point of it was to remember the"}, {"start": "00:30:15", "end": "00:30:20", "text": "structural condition in the 1970s do you"}, {"start": "00:30:18", "end": "00:30:23", "text": "guys want to know what the debt to GDP"}, {"start": "00:30:20", "end": "00:30:26", "text": "of the country was? Well at that time it"}, {"start": "00:30:23", "end": "00:30:29", "text": "was 30%. Between 30 and 35 the equity"}, {"start": "00:30:26", "end": "00:30:31", "text": "market was 40%. So now we are at 120 on"}, {"start": "00:30:29", "end": "00:30:35", "text": "the debt side. So we're three times the"}, {"start": "00:30:31", "end": "00:30:37", "text": "40. And on the equity side, we are seven"}, {"start": "00:30:35", "end": "00:30:40", "text": "times the size."}, {"start": "00:30:37", "end": "00:30:42", "text": ">> So what that means is they may want to"}, {"start": "00:30:40", "end": "00:30:45", "text": "do something. They may want to fight"}, {"start": "00:30:42", "end": "00:30:48", "text": "inflation. They cannot. So for Bitcoin,"}, {"start": "00:30:45", "end": "00:30:51", "text": "it is going to win for all of the"}, {"start": "00:30:48", "end": "00:30:52", "text": "reasons. We need cryptography. We need"}, {"start": "00:30:51", "end": "00:30:54", "text": "something that doesn't have a moat. I I"}, {"start": "00:30:52", "end": "00:30:56", "text": "I'm just telling you when they make that"}, {"start": "00:30:54", "end": "00:30:58", "text": "decision to cut rates while inflation is"}, {"start": "00:30:56", "end": "00:31:00", "text": "high. I don't want to be the one"}, {"start": "00:30:58", "end": "00:31:02", "text": "sitting. That is the moment to me that"}, {"start": "00:31:00", "end": "00:31:03", "text": "they're going to have to come with"}, {"start": "00:31:02", "end": "00:31:05", "text": "something. You've got pressure from the"}, {"start": "00:31:03", "end": "00:31:07", "text": "White House. Is it an independent Fed?"}, {"start": "00:31:05", "end": "00:31:08", "text": "All of the things there and I don't"}, {"start": "00:31:07", "end": "00:31:10", "text": "think there's going to be a recession."}, {"start": "00:31:08", "end": "00:31:13", "text": "So no recession, inflation on the higher"}, {"start": "00:31:10", "end": "00:31:15", "text": "side, run it hot. Debasement happens"}, {"start": "00:31:13", "end": "00:31:18", "text": "through a stock market which kind of"}, {"start": "00:31:15", "end": "00:31:19", "text": "burns off that 220%. And my ultimate"}, {"start": "00:31:18", "end": "00:31:22", "text": "vision is that through multiple"}, {"start": "00:31:19", "end": "00:31:25", "text": "compression in 10 years the equity"}, {"start": "00:31:22", "end": "00:31:28", "text": "market relative to GDP gets back to 100%"}, {"start": "00:31:25", "end": "00:31:31", "text": "which used to be the cap. Now for that"}, {"start": "00:31:28", "end": "00:31:33", "text": "to happen if we compound GDP at 7%"}, {"start": "00:31:31", "end": "00:31:36", "text": "nomally for the next 10 years for those"}, {"start": "00:31:33", "end": "00:31:38", "text": "of you playing the rule of 72 book um"}, {"start": "00:31:36", "end": "00:31:39", "text": "that means we will have doubled GDP to"}, {"start": "00:31:38", "end": "00:31:40", "text": "60 trillion which is right where the"}, {"start": "00:31:39", "end": "00:31:42", "text": "equity market is. So if the equity"}, {"start": "00:31:40", "end": "00:31:44", "text": "market is unchanged for a decade we've"}, {"start": "00:31:42", "end": "00:31:46", "text": "had debasement of the stock market. the"}, {"start": "00:31:44", "end": "00:31:48", "text": "money is still going to look for"}, {"start": "00:31:46", "end": "00:31:49", "text": "returns. And the reason I say this, we"}, {"start": "00:31:48", "end": "00:31:51", "text": "can't have it collapse, but we can have"}, {"start": "00:31:49", "end": "00:31:53", "text": "it go sideways. And the transfer goes"}, {"start": "00:31:51", "end": "00:31:55", "text": "from wealthy people that own assets and"}, {"start": "00:31:53", "end": "00:31:57", "text": "it goes to people who own Bitcoin. And"}, {"start": "00:31:55", "end": "00:31:58", "text": "the reason Bitcoin will go higher is"}, {"start": "00:31:57", "end": "00:32:00", "text": "because pension funds and endowments and"}, {"start": "00:31:58", "end": "00:32:02", "text": "all these places, they still have"}, {"start": "00:32:00", "end": "00:32:03", "text": "liabilities they have to meet. And to"}, {"start": "00:32:02", "end": "00:32:06", "text": "meet those liabilities, they have to"}, {"start": "00:32:03", "end": "00:32:07", "text": "invest in whatever is going higher."}, {"start": "00:32:06", "end": "00:32:09", "text": "Today's episode is brought to you by"}, {"start": "00:32:07", "end": "00:32:11", "text": "Arch Public. I absolutely love these"}, {"start": "00:32:09", "end": "00:32:12", "text": "guys. 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Is your aim to accumulate"}, {"start": "00:32:25", "end": "00:32:29", "text": "Bitcoin during market dips, generate"}, {"start": "00:32:27", "end": "00:32:31", "text": "profits from Ethereum volatility, or"}, {"start": "00:32:29", "end": "00:32:34", "text": "sell Salana or XRP in layers as it"}, {"start": "00:32:31", "end": "00:32:36", "text": "reclaims all-time highs? If so, Arch"}, {"start": "00:32:34", "end": "00:32:38", "text": "Public is built for you. Are you worried"}, {"start": "00:32:36", "end": "00:32:41", "text": "about doing it alone? No problem. Arch"}, {"start": "00:32:38", "end": "00:32:43", "text": "Public provides everyone, yes, everyone"}, {"start": "00:32:41", "end": "00:32:45", "text": "with hands-on dedicated support from"}, {"start": "00:32:43", "end": "00:32:47", "text": "their concierge team to help implement"}, {"start": "00:32:45", "end": "00:32:49", "text": "the strategy that you choose. As a"}, {"start": "00:32:47", "end": "00:32:51", "text": "preferred trading partner of Coinbase,"}, {"start": "00:32:49", "end": "00:32:53", "text": "Kraken, Robin Hood, and Gemini, Arch"}, {"start": "00:32:51", "end": "00:32:55", "text": "offers a proven track record of security"}, {"start": "00:32:53", "end": "00:32:57", "text": "and performance so that you can trade"}, {"start": "00:32:55", "end": "00:32:59", "text": "with confidence. Sign up today at"}, {"start": "00:32:57", "end": "00:33:00", "text": "archpub.com"}, {"start": "00:32:59", "end": "00:33:03", "text": "and start your automated trading"}, {"start": "00:33:00", "end": "00:33:05", "text": "strategy for free. No catch, no hidden"}, {"start": "00:33:03", "end": "00:33:08", "text": "fees, just smarter trading. Your crypto,"}, {"start": "00:33:05", "end": "00:33:12", "text": "your exchange, your profits. Archub. Go"}, {"start": "00:33:08", "end": "00:33:13", "text": "to archpub.com and tell them I sent you."}, {"start": "00:33:12", "end": "00:33:16", "text": ">> You know what's uh an interesting part"}, {"start": "00:33:13", "end": "00:33:18", "text": "of this wealth transfer is um uh you"}, {"start": "00:33:16", "end": "00:33:20", "text": "were talking earlier about like using"}, {"start": "00:33:18", "end": "00:33:24", "text": "these tools and and going and and trying"}, {"start": "00:33:20", "end": "00:33:28", "text": "to figure stuff out. I recently used uh"}, {"start": "00:33:24", "end": "00:33:31", "text": "co-work to take control of a browser and"}, {"start": "00:33:28", "end": "00:33:33", "text": "I gave it access to Zillow and you"}, {"start": "00:33:31", "end": "00:33:34", "text": "probably could go pull like through API"}, {"start": "00:33:33", "end": "00:33:35", "text": "data, whatever. I don't know how to do"}, {"start": "00:33:34", "end": "00:33:37", "text": "any of that stuff. I just said, \"Cowork,"}, {"start": "00:33:35", "end": "00:33:39", "text": "here's access to a browser that Zillow's"}, {"start": "00:33:37", "end": "00:33:41", "text": "open.\" And I just started typing in"}, {"start": "00:33:39", "end": "00:33:44", "text": "different cities around the country. And"}, {"start": "00:33:41", "end": "00:33:47", "text": "I said, \"Go and look at homes that are"}, {"start": "00:33:44", "end": "00:33:49", "text": "for sale and their pricing history.\" And"}, {"start": "00:33:47", "end": "00:33:52", "text": "go look at homes that sold in their"}, {"start": "00:33:49", "end": "00:33:55", "text": "pricing history and tell me what's"}, {"start": "00:33:52", "end": "00:33:58", "text": "happening in Phoenix, Arizona"}, {"start": "00:33:55", "end": "00:34:01", "text": ">> in terms of our home prices that are"}, {"start": "00:33:58", "end": "00:34:04", "text": "actually selling selling below or at or"}, {"start": "00:34:01", "end": "00:34:05", "text": "above asking prices."}, {"start": "00:34:04", "end": "00:34:07", "text": "If you got a home right now, you don't"}, {"start": "00:34:05", "end": "00:34:08", "text": "want to look at that data because it's"}, {"start": "00:34:07", "end": "00:34:09", "text": "not good, right? All these people"}, {"start": "00:34:08", "end": "00:34:13", "text": "putting their homes out and I'm talking"}, {"start": "00:34:09", "end": "00:34:15", "text": "about in some depending on what city 12"}, {"start": "00:34:13", "end": "00:34:17", "text": "13% lower than asking price. I mean just"}, {"start": "00:34:15", "end": "00:34:19", "text": "and not like one example, multiple"}, {"start": "00:34:17", "end": "00:34:21", "text": "examples, whatever. The reason why I"}, {"start": "00:34:19", "end": "00:34:23", "text": "started thinking about this is like you"}, {"start": "00:34:21", "end": "00:34:24", "text": "you see all the stats that uh the kind"}, {"start": "00:34:23", "end": "00:34:26", "text": "of boomer generations got, you know, in"}, {"start": "00:34:24", "end": "00:34:27", "text": "some cases 60% of their net worth tied"}, {"start": "00:34:26", "end": "00:34:29", "text": "up in their primary home and and all"}, {"start": "00:34:27", "end": "00:34:30", "text": "this. Most of them aren't going to"}, {"start": "00:34:29", "end": "00:34:32", "text": "leave, right? So like they don't care."}, {"start": "00:34:30", "end": "00:34:33", "text": "They paid it off. They're staying there"}, {"start": "00:34:32", "end": "00:34:36", "text": "forever. But there is a good amount of"}, {"start": "00:34:33", "end": "00:34:38", "text": "people who are like, I'm either stuck or"}, {"start": "00:34:36", "end": "00:34:41", "text": "the amount of net worth I thought I had,"}, {"start": "00:34:38", "end": "00:34:43", "text": "I don't have because this home price is,"}, {"start": "00:34:41", "end": "00:34:45", "text": "you know, now coming down. Y"}, {"start": "00:34:43", "end": "00:34:47", "text": ">> and so I think about how that"}, {"start": "00:34:45", "end": "00:34:49", "text": "psychologically changes what they do in"}, {"start": "00:34:47", "end": "00:34:50", "text": "their investment portfolio,"}, {"start": "00:34:49", "end": "00:34:51", "text": ">> right? And you you've talked in the past"}, {"start": "00:34:50", "end": "00:34:53", "text": "about like longevity. So if you're going"}, {"start": "00:34:51", "end": "00:34:54", "text": "to live longer, right? Well, also if"}, {"start": "00:34:53", "end": "00:34:57", "text": "you're actually not sitting on as much"}, {"start": "00:34:54", "end": "00:34:59", "text": "net worth as you thought. these things"}, {"start": "00:34:57", "end": "00:35:01", "text": "start to change the way that people"}, {"start": "00:34:59", "end": "00:35:03", "text": "interact with the market and then you"}, {"start": "00:35:01", "end": "00:35:04", "text": "have all the uncertainty on top of it."}, {"start": "00:35:03", "end": "00:35:05", "text": "And I think that's where a lot of the"}, {"start": "00:35:04", "end": "00:35:07", "text": "confusion is coming from is they just"}, {"start": "00:35:05", "end": "00:35:08", "text": "feel like they're kind of under attack"}, {"start": "00:35:07", "end": "00:35:10", "text": "from different elements."}, {"start": "00:35:08", "end": "00:35:11", "text": ">> And you bring up a good point. I'm I'm"}, {"start": "00:35:10", "end": "00:35:13", "text": "going to break it into two parts. The"}, {"start": "00:35:11", "end": "00:35:16", "text": "first one is on this point, let's go"}, {"start": "00:35:13", "end": "00:35:17", "text": "back to Silicon Valley Bank. So in the"}, {"start": "00:35:16", "end": "00:35:18", "text": "modern day, we had a run on a bank that"}, {"start": "00:35:17", "end": "00:35:19", "text": "happened overnight."}, {"start": "00:35:18", "end": "00:35:20", "text": ">> I was part of it."}, {"start": "00:35:19", "end": "00:35:24", "text": ">> Were you?"}, {"start": "00:35:20", "end": "00:35:25", "text": ">> Yeah. I was I was on my computer and I I"}, {"start": "00:35:24", "end": "00:35:27", "text": "never told your story. Yeah,"}, {"start": "00:35:25", "end": "00:35:29", "text": ">> I was on Zoom and uh you know in crypto"}, {"start": "00:35:27", "end": "00:35:30", "text": "we're like uh bankr run experts, right?"}, {"start": "00:35:29", "end": "00:35:32", "text": "So you know there's a rumor there's"}, {"start": "00:35:30", "end": "00:35:34", "text": "smoke there's probably fire. You're out"}, {"start": "00:35:32", "end": "00:35:36", "text": "of there. Um and uh I was on a Zoom"}, {"start": "00:35:34", "end": "00:35:38", "text": "call. I remember it was Thursday"}, {"start": "00:35:36", "end": "00:35:40", "text": "morning. Uh somebody texted me and said"}, {"start": "00:35:38", "end": "00:35:42", "text": "uh you know I'm here and there could be"}, {"start": "00:35:40", "end": "00:35:43", "text": "a problem. Whatever they said I didn't"}, {"start": "00:35:42", "end": "00:35:45", "text": "even think twice. I just literally while"}, {"start": "00:35:43", "end": "00:35:48", "text": "on the Zoom call, opened it up, went"}, {"start": "00:35:45", "end": "00:35:49", "text": "over, hit withdraw."}, {"start": "00:35:48", "end": "00:35:51", "text": ">> I thought I was being overly cautious."}, {"start": "00:35:49", "end": "00:35:51", "text": "By the end of the day it was over."}, {"start": "00:35:51", "end": "00:35:53", "text": ">> Yeah."}, {"start": "00:35:51", "end": "00:35:56", "text": ">> Right. And so inadvertently I was part"}, {"start": "00:35:53", "end": "00:35:57", "text": "of it but just crypto had trained get"}, {"start": "00:35:56", "end": "00:35:59", "text": "the hell out of here."}, {"start": "00:35:57", "end": "00:36:02", "text": ">> So everyone should remember that story."}, {"start": "00:35:59", "end": "00:36:06", "text": "Um because Silicon Valley Bank was fine."}, {"start": "00:36:02", "end": "00:36:08", "text": "Okay, it was fine. Now they had a lot of"}, {"start": "00:36:06", "end": "00:36:11", "text": "treasure. They took in too much money"}, {"start": "00:36:08", "end": "00:36:13", "text": "and they put that money into treasuries"}, {"start": "00:36:11", "end": "00:36:15", "text": "and the treasuries fell 20%."}, {"start": "00:36:13", "end": "00:36:17", "text": ">> Because they listened to the Fed."}, {"start": "00:36:15", "end": "00:36:17", "text": ">> But this is money good, right?"}, {"start": "00:36:17", "end": "00:36:19", "text": ">> Yeah."}, {"start": "00:36:17", "end": "00:36:19", "text": ">> You know what? This sounds a little bit"}, {"start": "00:36:19", "end": "00:36:21", "text": "like"}, {"start": "00:36:19", "end": "00:36:23", "text": ">> private credit."}, {"start": "00:36:21", "end": "00:36:25", "text": "Sounds a little bit like private credit."}, {"start": "00:36:23", "end": "00:36:27", "text": "The difference is depositors can take"}, {"start": "00:36:25", "end": "00:36:28", "text": "their money out whenever they want. And"}, {"start": "00:36:27", "end": "00:36:30", "text": "in the digital world, they can take it"}, {"start": "00:36:28", "end": "00:36:32", "text": "out quickly. The only thing preventing"}, {"start": "00:36:30", "end": "00:36:33", "text": "private credit right now from being in"}, {"start": "00:36:32", "end": "00:36:35", "text": "this position, all these things going"}, {"start": "00:36:33", "end": "00:36:36", "text": "under is they have gates. If they didn't"}, {"start": "00:36:35", "end": "00:36:37", "text": "have gates, it would be under. So every"}, {"start": "00:36:36", "end": "00:36:39", "text": "time I hear someone say there's no"}, {"start": "00:36:37", "end": "00:36:41", "text": "problem in private credit, I'm like,"}, {"start": "00:36:39", "end": "00:36:45", "text": "there's always a problem, guys. And the"}, {"start": "00:36:41", "end": "00:36:47", "text": "reason is this. This is a Ponzi scheme."}, {"start": "00:36:45", "end": "00:36:49", "text": "This is leverage. Like I I I'm not"}, {"start": "00:36:47", "end": "00:36:51", "text": "saying these words to be dramatic. The"}, {"start": "00:36:49", "end": "00:36:54", "text": "fractional reserve banking system by"}, {"start": "00:36:51", "end": "00:36:57", "text": "definition is go back to it's a"}, {"start": "00:36:54", "end": "00:36:59", "text": "wonderful life said in plain words. But"}, {"start": "00:36:57", "end": "00:37:01", "text": "we don't have your money. Your money's"}, {"start": "00:36:59", "end": "00:37:04", "text": "not here. It's in their home. It's in"}, {"start": "00:37:01", "end": "00:37:06", "text": "his business. Like I that's what it is."}, {"start": "00:37:04", "end": "00:37:08", "text": "You take in a dollar and you lend it out"}, {"start": "00:37:06", "end": "00:37:09", "text": "10 times."}, {"start": "00:37:08", "end": "00:37:10", "text": ">> Okay. Well, if everyone tries to come"}, {"start": "00:37:09", "end": "00:37:12", "text": "for their money at the same time, it's a"}, {"start": "00:37:10", "end": "00:37:14", "text": "problem. So private credit may not have"}, {"start": "00:37:12", "end": "00:37:16", "text": "any disruption on the bonds and people"}, {"start": "00:37:14", "end": "00:37:18", "text": "might say you're overreacting. But part"}, {"start": "00:37:16", "end": "00:37:19", "text": "of the thing that overreacts, which gets"}, {"start": "00:37:18", "end": "00:37:21", "text": "back to your point, is the fact that"}, {"start": "00:37:19", "end": "00:37:23", "text": "these stories come out and the digital"}, {"start": "00:37:21", "end": "00:37:25", "text": "world, you can find everything you want."}, {"start": "00:37:23", "end": "00:37:27", "text": "So the housing market, one of the great"}, {"start": "00:37:25", "end": "00:37:28", "text": "things about it is the opaque nature of"}, {"start": "00:37:27", "end": "00:37:30", "text": "it."}, {"start": "00:37:28", "end": "00:37:32", "text": ">> One house trades up, everyone's house"}, {"start": "00:37:30", "end": "00:37:33", "text": "goes up. One house doesn't trade, but"}, {"start": "00:37:32", "end": "00:37:35", "text": "it's marked down, nobody's house goes"}, {"start": "00:37:33", "end": "00:37:38", "text": "down. It's not it's not marked down"}, {"start": "00:37:35", "end": "00:37:40", "text": "until I sell it. So that is the reality"}, {"start": "00:37:38", "end": "00:37:41", "text": "of more price discovery and having this."}, {"start": "00:37:40", "end": "00:37:44", "text": "Now, for the parents listening, what"}, {"start": "00:37:41", "end": "00:37:45", "text": "Anthony just told you, what you can do"}, {"start": "00:37:44", "end": "00:37:47", "text": "with a computer right now. So, that's"}, {"start": "00:37:45", "end": "00:37:50", "text": "not a chatbot example. You're using"}, {"start": "00:37:47", "end": "00:37:52", "text": "co-work, but also computer usage. So,"}, {"start": "00:37:50", "end": "00:37:55", "text": "those are two things that didn't exist"}, {"start": "00:37:52", "end": "00:37:56", "text": "two months ago from from Claude"}, {"start": "00:37:55", "end": "00:37:59", "text": ">> for your kids. What do they like? I"}, {"start": "00:37:56", "end": "00:38:01", "text": "guarantee some of you have sons and"}, {"start": "00:37:59", "end": "00:38:03", "text": "daughters who like fantasy, whatever,"}, {"start": "00:38:01", "end": "00:38:06", "text": "football, baseball."}, {"start": "00:38:03", "end": "00:38:08", "text": ">> What he just did, all you need is a"}, {"start": "00:38:06", "end": "00:38:12", "text": "customer account at anything where they"}, {"start": "00:38:08", "end": "00:38:13", "text": "log in and now you can use AI to go"}, {"start": "00:38:12", "end": "00:38:15", "text": "build your team to go follow all the"}, {"start": "00:38:13", "end": "00:38:17", "text": "stats to go through it. You don't have"}, {"start": "00:38:15", "end": "00:38:19", "text": "to go hunt and sort by this. You can let"}, {"start": "00:38:17", "end": "00:38:20", "text": "the AI do it. So again, these are the"}, {"start": "00:38:19", "end": "00:38:23", "text": "ways that you inspire your kids to use"}, {"start": "00:38:20", "end": "00:38:25", "text": "it. that will turn into them getting a"}, {"start": "00:38:23", "end": "00:38:27", "text": "job because they know how to use the"}, {"start": "00:38:25", "end": "00:38:28", "text": "simple things that Claude has for free."}, {"start": "00:38:27", "end": "00:38:30", "text": "Perfect example to kind of break off two"}, {"start": "00:38:28", "end": "00:38:33", "text": "points. It brings price discovery. It"}, {"start": "00:38:30", "end": "00:38:34", "text": "speeds up fear. At the same point, it"}, {"start": "00:38:33", "end": "00:38:35", "text": "leads to kids being able to use it for"}, {"start": "00:38:34", "end": "00:38:36", "text": "tools."}, {"start": "00:38:35", "end": "00:38:39", "text": ">> I wish I had it when I was taking those"}, {"start": "00:38:36", "end": "00:38:41", "text": "standardized tests and stuff, right?"}, {"start": "00:38:39", "end": "00:38:43", "text": "There's going to be such a market for uh"}, {"start": "00:38:41", "end": "00:38:44", "text": "identifying who's using the, you know,"}, {"start": "00:38:43", "end": "00:38:46", "text": "quadco work, whatever. But there's some"}, {"start": "00:38:44", "end": "00:38:48", "text": "kid somewhere in a high school right now"}, {"start": "00:38:46", "end": "00:38:50", "text": "who hasn't done work in about 6 months."}, {"start": "00:38:48", "end": "00:38:52", "text": "He's got the AI just knocking it out for"}, {"start": "00:38:50", "end": "00:38:54", "text": "him. Let me if if my kids right now were"}, {"start": "00:38:52", "end": "00:38:56", "text": "going into college and they were taking"}, {"start": "00:38:54", "end": "00:38:58", "text": "the SAT. So, we pay all these tutors to"}, {"start": "00:38:56", "end": "00:38:59", "text": "give them SAT. So, a lot of you people"}, {"start": "00:38:58", "end": "00:39:01", "text": "are going to respond to this because"}, {"start": "00:38:59", "end": "00:39:03", "text": "guess what? I know what time of the year"}, {"start": "00:39:01", "end": "00:39:05", "text": "it is and I know what's starting to go"}, {"start": "00:39:03", "end": "00:39:06", "text": "for everyone stressing about college."}, {"start": "00:39:05", "end": "00:39:09", "text": "Well, if they want to get better in SAT"}, {"start": "00:39:06", "end": "00:39:11", "text": "score, what's the best way to do it?"}, {"start": "00:39:09", "end": "00:39:13", "text": "Take the test. Take us a test online."}, {"start": "00:39:11", "end": "00:39:16", "text": "have someplace to log into and then the"}, {"start": "00:39:13", "end": "00:39:18", "text": "places that you get wrong, have those"}, {"start": "00:39:16", "end": "00:39:22", "text": "exported and then have them teach you"}, {"start": "00:39:18", "end": "00:39:23", "text": "just on those areas extensively as"}, {"start": "00:39:22", "end": "00:39:25", "text": "opposed to you going in and have a human"}, {"start": "00:39:23", "end": "00:39:28", "text": "being go one by one by one. Do it online"}, {"start": "00:39:25", "end": "00:39:30", "text": "and then have AI say, \"Hey, this is"}, {"start": "00:39:28", "end": "00:39:31", "text": "something I'm clearly not good at. Help"}, {"start": "00:39:30", "end": "00:39:33", "text": "me do.\" I guarantee you that is a better"}, {"start": "00:39:31", "end": "00:39:34", "text": "way to raise your SAT score. I just made"}, {"start": "00:39:33", "end": "00:39:37", "text": "it up on the fly."}, {"start": "00:39:34", "end": "00:39:39", "text": ">> 100%. 100%. Last thing I want to ask you"}, {"start": "00:39:37", "end": "00:39:40", "text": "about is uh Anthropic is crushing it."}, {"start": "00:39:39", "end": "00:39:42", "text": "They got the momentum. Everyone's really"}, {"start": "00:39:40", "end": "00:39:46", "text": "excited. I think their competitors are"}, {"start": "00:39:42", "end": "00:39:48", "text": "panicking and then oops wait Mythos and"}, {"start": "00:39:46", "end": "00:39:50", "text": "the source code leak. What's your take?"}, {"start": "00:39:48", "end": "00:39:54", "text": "Uh Merker also I think there was a a"}, {"start": "00:39:50", "end": "00:39:55", "text": "data hack uh there. What's your take as"}, {"start": "00:39:54", "end": "00:39:57", "text": "to like the speed versus the security of"}, {"start": "00:39:55", "end": "00:39:58", "text": "some of these things and and should"}, {"start": "00:39:57", "end": "00:40:00", "text": "people be concerned?"}, {"start": "00:39:58", "end": "00:40:02", "text": ">> Well, it's funny. Uh so for the"}, {"start": "00:40:00", "end": "00:40:04", "text": "subscribers, I did write a a piece on"}, {"start": "00:40:02", "end": "00:40:06", "text": "Mythos because it was that important to"}, {"start": "00:40:04", "end": "00:40:08", "text": "me. Um"}, {"start": "00:40:06", "end": "00:40:11", "text": "the end result is when you read the news"}, {"start": "00:40:08", "end": "00:40:13", "text": "on mythos, we are much closer to"}, {"start": "00:40:11", "end": "00:40:16", "text": "dangerous things than people realize in"}, {"start": "00:40:13", "end": "00:40:20", "text": "terms of AI. So this is a model. So this"}, {"start": "00:40:16", "end": "00:40:22", "text": "is like not opus, this is mythos, but"}, {"start": "00:40:20", "end": "00:40:24", "text": "it's the next version of claude. So"}, {"start": "00:40:22", "end": "00:40:26", "text": "you've had sonnet, you've had opus, this"}, {"start": "00:40:24", "end": "00:40:29", "text": "is mythos. The problem is they've given"}, {"start": "00:40:26", "end": "00:40:31", "text": "it to the government and they've given"}, {"start": "00:40:29", "end": "00:40:34", "text": "it to the cyber guys and said we don't"}, {"start": "00:40:31", "end": "00:40:36", "text": "want to release this. It's it's scary."}, {"start": "00:40:34", "end": "00:40:38", "text": "And I we feel it could be a major like"}, {"start": "00:40:36", "end": "00:40:41", "text": "anyone could hack anything. So please"}, {"start": "00:40:38", "end": "00:40:44", "text": "take a look so you're prepared for this."}, {"start": "00:40:41", "end": "00:40:45", "text": "Now Anthropic has to make money. So"}, {"start": "00:40:44", "end": "00:40:48", "text": ">> they definitely released it."}, {"start": "00:40:45", "end": "00:40:49", "text": ">> But here's the thing at chatpt"}, {"start": "00:40:48", "end": "00:40:52", "text": "leaprogged everyone to release the"}, {"start": "00:40:49", "end": "00:40:54", "text": "original chatbt. We were LLMs were out"}, {"start": "00:40:52", "end": "00:40:55", "text": "there. Everyone knew about it but they"}, {"start": "00:40:54", "end": "00:40:57", "text": "released it and then you saw that they"}, {"start": "00:40:55", "end": "00:40:59", "text": "took over. So the leaprogging that"}, {"start": "00:40:57", "end": "00:41:01", "text": "happens is because these guys are"}, {"start": "00:40:59", "end": "00:41:02", "text": ">> they're borrowing tons of money and"}, {"start": "00:41:01", "end": "00:41:04", "text": "they're spending tons of money. They"}, {"start": "00:41:02", "end": "00:41:05", "text": "need revenues in the door and it's been"}, {"start": "00:41:04", "end": "00:41:06", "text": "very challenging to get the revenues"}, {"start": "00:41:05", "end": "00:41:08", "text": "despite what you hear about the massive"}, {"start": "00:41:06", "end": "00:41:11", "text": "growth of Anthropic. That's all well and"}, {"start": "00:41:08", "end": "00:41:13", "text": "good, but Anthropic has underinvested in"}, {"start": "00:41:11", "end": "00:41:14", "text": "building out capex and Daario's been"}, {"start": "00:41:13", "end": "00:41:16", "text": "outspoken about it. Well, I'm starting"}, {"start": "00:41:14", "end": "00:41:17", "text": "to run into some token usage and if you"}, {"start": "00:41:16", "end": "00:41:20", "text": "go online, you're starting to hear this"}, {"start": "00:41:17", "end": "00:41:22", "text": "more and more. So, mythos is a little"}, {"start": "00:41:20", "end": "00:41:24", "text": "scary in the fact that we might already"}, {"start": "00:41:22", "end": "00:41:26", "text": "be at recursive self-improvement. I've"}, {"start": "00:41:24", "end": "00:41:28", "text": "talked about it here, but this is when"}, {"start": "00:41:26", "end": "00:41:30", "text": "the computer's learning on its own,"}, {"start": "00:41:28", "end": "00:41:32", "text": "which means all types of things start to"}, {"start": "00:41:30", "end": "00:41:36", "text": "enter closer to AGI and most of the"}, {"start": "00:41:32", "end": "00:41:37", "text": "readout has been that anthropic has"}, {"start": "00:41:36", "end": "00:41:39", "text": "something real because remember there"}, {"start": "00:41:37", "end": "00:41:41", "text": "have been very few releases that come"}, {"start": "00:41:39", "end": "00:41:42", "text": "out. If you can't beat what they have"}, {"start": "00:41:41", "end": "00:41:43", "text": "already,"}, {"start": "00:41:42", "end": "00:41:44", "text": ">> then you're not going to release"}, {"start": "00:41:43", "end": "00:41:46", "text": "something because that's bad for your"}, {"start": "00:41:44", "end": "00:41:47", "text": "stock price. So, you're waiting. So, I"}, {"start": "00:41:46", "end": "00:41:49", "text": "think there's been this speculation as"}, {"start": "00:41:47", "end": "00:41:50", "text": "to what's happened on the source code"}, {"start": "00:41:49", "end": "00:41:52", "text": "part."}, {"start": "00:41:50", "end": "00:41:54", "text": ">> I read the venture read article on this"}, {"start": "00:41:52", "end": "00:41:56", "text": "was kind of scary. Like I made a joke in"}, {"start": "00:41:54", "end": "00:41:58", "text": "Boston. I made a joke on the video I"}, {"start": "00:41:56", "end": "00:41:59", "text": "just did today. I'm like this is kind of"}, {"start": "00:41:58", "end": "00:42:02", "text": "like if Kentucky Fried Chicken released"}, {"start": "00:41:59", "end": "00:42:04", "text": "their their secret recipe on like a year"}, {"start": "00:42:02", "end": "00:42:05", "text": "into there. There'd be no Kentucky Fried"}, {"start": "00:42:04", "end": "00:42:08", "text": "Chicken because there'd be 8 billion of"}, {"start": "00:42:05", "end": "00:42:12", "text": "them that had the same recipe. They have"}, {"start": "00:42:08", "end": "00:42:14", "text": "every every model provider has nuances"}, {"start": "00:42:12", "end": "00:42:16", "text": "of efficiencies, nuances of the way the"}, {"start": "00:42:14", "end": "00:42:18", "text": "model works. And a lot of these were"}, {"start": "00:42:16", "end": "00:42:21", "text": "released in the source code, which means"}, {"start": "00:42:18", "end": "00:42:24", "text": "if they really did have something, well,"}, {"start": "00:42:21", "end": "00:42:27", "text": "now Grock has it and ChachiBT has it and"}, {"start": "00:42:24", "end": "00:42:29", "text": "uh and uh Chachi or Google Gemini and"}, {"start": "00:42:27", "end": "00:42:31", "text": "everyone else does. But here's the other"}, {"start": "00:42:29", "end": "00:42:32", "text": "thing. So do the Chinese and the Chinese"}, {"start": "00:42:31", "end": "00:42:33", "text": "have been copying all the models. You"}, {"start": "00:42:32", "end": "00:42:36", "text": "know that they took whatever was on"}, {"start": "00:42:33", "end": "00:42:37", "text": "there and it's already been done. So, I"}, {"start": "00:42:36", "end": "00:42:39", "text": "just think we're in this point where"}, {"start": "00:42:37", "end": "00:42:41", "text": "people have to realize that these"}, {"start": "00:42:39", "end": "00:42:42", "text": "hackings that happened at Mker, which is"}, {"start": "00:42:41", "end": "00:42:44", "text": "a big deal, which I won't spend a lot of"}, {"start": "00:42:42", "end": "00:42:46", "text": "time on, but we've talked about Mker on"}, {"start": "00:42:44", "end": "00:42:48", "text": "here. These are really big deals. And I"}, {"start": "00:42:46", "end": "00:42:50", "text": "think the hackings are going to go up."}, {"start": "00:42:48", "end": "00:42:54", "text": "It's the reason why I've said we had"}, {"start": "00:42:50", "end": "00:42:56", "text": "another quantum Bitcoin scare, guys."}, {"start": "00:42:54", "end": "00:42:58", "text": "We're living in a world where your"}, {"start": "00:42:56", "end": "00:43:00", "text": "assets are exposed to the hackings of"}, {"start": "00:42:58", "end": "00:43:02", "text": "Mythos and all these places already."}, {"start": "00:43:00", "end": "00:43:04", "text": "Open Claw, Mythos. This stuff is"}, {"start": "00:43:02", "end": "00:43:06", "text": "accelerating so fast. We just have to"}, {"start": "00:43:04", "end": "00:43:08", "text": "get used to the point that these models"}, {"start": "00:43:06", "end": "00:43:10", "text": "are so good that the disruption you saw"}, {"start": "00:43:08", "end": "00:43:12", "text": "in software which led to the disruption"}, {"start": "00:43:10", "end": "00:43:14", "text": "that was in the financial markets. That"}, {"start": "00:43:12", "end": "00:43:15", "text": "is capital structure destruction"}, {"start": "00:43:14", "end": "00:43:18", "text": ">> 100%."}, {"start": "00:43:15", "end": "00:43:20", "text": ">> That is 100. Listen to Michael Sailor a"}, {"start": "00:43:18", "end": "00:43:21", "text": "few times this weekend guys. He just had"}, {"start": "00:43:20", "end": "00:43:25", "text": "an interview with Natalie Brunell. Go"}, {"start": "00:43:21", "end": "00:43:27", "text": "listen to it. Two hours I think. Um the"}, {"start": "00:43:25", "end": "00:43:29", "text": "reason it's important is because Michael"}, {"start": "00:43:27", "end": "00:43:31", "text": "is talking about the capital structure"}, {"start": "00:43:29", "end": "00:43:32", "text": "of the world changing. He is the only"}, {"start": "00:43:31", "end": "00:43:34", "text": "one that I listen to regularly on this"}, {"start": "00:43:32", "end": "00:43:35", "text": "topic because he's the one that got me"}, {"start": "00:43:34", "end": "00:43:37", "text": "inspired to look into Bitcoin and"}, {"start": "00:43:35", "end": "00:43:39", "text": "understand it. It's more about the"}, {"start": "00:43:37", "end": "00:43:41", "text": "disruption that happens to the capital"}, {"start": "00:43:39", "end": "00:43:43", "text": "structure which he went through with"}, {"start": "00:43:41", "end": "00:43:45", "text": "Micro Strategy from Microsoft and he"}, {"start": "00:43:43", "end": "00:43:46", "text": "openly talks about how he couldn't"}, {"start": "00:43:45", "end": "00:43:49", "text": "compete with these companies."}, {"start": "00:43:46", "end": "00:43:52", "text": ">> Bitcoin is a scarcity asset. Remember"}, {"start": "00:43:49", "end": "00:43:55", "text": "the theme has been long scarcity short"}, {"start": "00:43:52", "end": "00:43:57", "text": "abundance. That trade has made a lot of"}, {"start": "00:43:55", "end": "00:43:58", "text": "money this year for people. I know it"}, {"start": "00:43:57", "end": "00:44:00", "text": "because people still want to see me when"}, {"start": "00:43:58", "end": "00:44:02", "text": "I go out on the road. If it didn't work,"}, {"start": "00:44:00", "end": "00:44:03", "text": "they wouldn't want to see me. And I"}, {"start": "00:44:02", "end": "00:44:05", "text": "think we're only in the early stages of"}, {"start": "00:44:03", "end": "00:44:06", "text": "it and Bitcoin will be part of it. Just"}, {"start": "00:44:05", "end": "00:44:08", "text": "like oil has been part of it. And I"}, {"start": "00:44:06", "end": "00:44:10", "text": "warned about oil for a year. It took a"}, {"start": "00:44:08", "end": "00:44:11", "text": "little while. We finally got there. The"}, {"start": "00:44:10", "end": "00:44:12", "text": "Fed's going to be in decision-making."}, {"start": "00:44:11", "end": "00:44:14", "text": "Remember that for all the Bitcoin"}, {"start": "00:44:12", "end": "00:44:16", "text": "people, I think that you going to be"}, {"start": "00:44:14", "end": "00:44:17", "text": "very right by the end of this year. Um,"}, {"start": "00:44:16", "end": "00:44:18", "text": "all right, ladies and gentlemen. That's"}, {"start": "00:44:17", "end": "00:44:20", "text": "it. I need you to do me a favor, though."}, {"start": "00:44:18", "end": "00:44:22", "text": "I need you to go into your browser."}, {"start": "00:44:20", "end": "00:44:23", "text": "Don't use AI. Just your little fingers."}, {"start": "00:44:22", "end": "00:44:25", "text": "You know, put put the little fingers on"}, {"start": "00:44:23", "end": "00:44:27", "text": "the keyboard and type the following."}, {"start": "00:44:25", "end": "00:44:29", "text": "Jordie Visser YouTube. Jordie Visser"}, {"start": "00:44:27", "end": "00:44:30", "text": "YouTube. When you go, you're going to"}, {"start": "00:44:29", "end": "00:44:32", "text": "get a link. That link is going to take"}, {"start": "00:44:30", "end": "00:44:34", "text": "you to Jordi Visters YouTube. When you"}, {"start": "00:44:32", "end": "00:44:35", "text": "go there, there's a big button that says"}, {"start": "00:44:34", "end": "00:44:36", "text": "subscribe. You're going to hit the"}, {"start": "00:44:35", "end": "00:44:38", "text": "subscribe button. And when you do it,"}, {"start": "00:44:36", "end": "00:44:40", "text": "close your eyes and say, \"I'm doing this"}, {"start": "00:44:38", "end": "00:44:41", "text": "because Jordy has helped me make money"}, {"start": "00:44:40", "end": "00:44:43", "text": "or maybe think more critically.\" And"}, {"start": "00:44:41", "end": "00:44:44", "text": "it's a big thank you. In the digital"}, {"start": "00:44:43", "end": "00:44:46", "text": "world, you can't send gifts. You can't"}, {"start": "00:44:44", "end": "00:44:47", "text": "send money, but you can send a thank"}, {"start": "00:44:46", "end": "00:44:48", "text": "you. And you do it by hitting the"}, {"start": "00:44:47", "end": "00:44:50", "text": "subscribe button. So, go to Jordiv Viss"}, {"start": "00:44:48", "end": "00:44:52", "text": "or YouTube, hit subscribe button. Give"}, {"start": "00:44:50", "end": "00:44:53", "text": "him a little surprise. you know, then"}, {"start": "00:44:52", "end": "00:44:54", "text": "all of a sudden he'll be like, \"Wow, I"}, {"start": "00:44:53", "end": "00:44:55", "text": "should keep going on that show because I"}, {"start": "00:44:54", "end": "00:44:57", "text": "keep getting subscribers. That's a great"}, {"start": "00:44:55", "end": "00:44:59", "text": "idea.\" Um, thank you for doing this."}, {"start": "00:44:57", "end": "00:44:59", "text": ">> This relationship gets better every"}, {"start": "00:44:59", "end": "00:45:01", "text": "week."}, {"start": "00:44:59", "end": "00:45:03", "text": ">> Yeah. Yeah. It's it's uh By the way,"}, {"start": "00:45:01", "end": "00:45:05", "text": "nobody's gonna listen to me, so don't"}, {"start": "00:45:03", "end": "00:45:06", "text": "don't get too excited."}, {"start": "00:45:05", "end": "00:45:09", "text": "All right, we'll talk to you guys next"}, {"start": "00:45:06", "end": "00:45:09", "text": "week."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "What's happened in the derivatives"}, {"start": "00:00:01", "end": "00:00:05", "text": "market for Bitcoin leaves me much more"}, {"start": "00:00:04", "end": "00:00:09", "text": "bullish. Another thing that's happened"}, {"start": "00:00:05", "end": "00:00:11", "text": "is the OG selling. Some of that selling"}, {"start": "00:00:09", "end": "00:00:13", "text": "has eased up. You know, we're still"}, {"start": "00:00:11", "end": "00:00:16", "text": "bullish, but we haven't added maybe as"}, {"start": "00:00:13", "end": "00:00:18", "text": "much as you [music] might expect"}, {"start": "00:00:16", "end": "00:00:19", "text": "given that kind of respect the cycle,"}, {"start": "00:00:18", "end": "00:00:21", "text": "respect the four-year cycle. What's"}, {"start": "00:00:19", "end": "00:00:22", "text": "going on, guys? Today we got a great"}, {"start": "00:00:21", "end": "00:00:24", "text": "conversation with Matthew Siegel. He is"}, {"start": "00:00:22", "end": "00:00:25", "text": "the head of digital asset research at"}, {"start": "00:00:24", "end": "00:00:27", "text": "VanEck, and he's also the portfolio"}, {"start": "00:00:25", "end": "00:00:29", "text": "manager of NODE, an ETF that's focused"}, {"start": "00:00:27", "end": "00:00:31", "text": "on beating Bitcoin with lower"}, {"start": "00:00:29", "end": "00:00:32", "text": "volatility. In this conversation, we do"}, {"start": "00:00:31", "end": "00:00:36", "text": "a little round the world. What's going"}, {"start": "00:00:32", "end": "00:00:38", "text": "on in terms of all of the AI ROIC on"}, {"start": "00:00:36", "end": "00:00:40", "text": "CapEx? What's going on with the Strait"}, {"start": "00:00:38", "end": "00:00:41", "text": "of Hormuz and the war in Iran? And then"}, {"start": "00:00:40", "end": "00:00:43", "text": "how's he thinking about investing? And"}, {"start": "00:00:41", "end": "00:00:45", "text": "we go name by name by name of all the"}, {"start": "00:00:43", "end": "00:00:46", "text": "things he's excited about and maybe some"}, {"start": "00:00:45", "end": "00:00:47", "text": "of the things that he's not excited"}, {"start": "00:00:46", "end": "00:00:49", "text": "about. And my guess is that we're going"}, {"start": "00:00:47", "end": "00:00:50", "text": "to talk about multiple things that are"}, {"start": "00:00:49", "end": "00:00:52", "text": "in your portfolio or things you've"}, {"start": "00:00:50", "end": "00:00:54", "text": "considered putting in your portfolio."}, {"start": "00:00:52", "end": "00:00:56", "text": "And so here you go. Here is one of Wall"}, {"start": "00:00:54", "end": "00:00:57", "text": "Street's smartest guys who's going to"}, {"start": "00:00:56", "end": "00:00:59", "text": "explain his current views on all these"}, {"start": "00:00:57", "end": "00:01:01", "text": "different names, and he did it all for"}, {"start": "00:00:59", "end": "00:01:02", "text": "you. Here's my latest conversation with"}, {"start": "00:01:01", "end": "00:01:03", "text": "Matthew Siegel. All right, Matthew"}, {"start": "00:01:02", "end": "00:01:05", "text": "Siegel, please start the conversation."}, {"start": "00:01:03", "end": "00:01:07", "text": "Artificial intelligence stocks and"}, {"start": "00:01:05", "end": "00:01:08", "text": "market in general are very, very heavily"}, {"start": "00:01:07", "end": "00:01:11", "text": "debated right now. You were telling me"}, {"start": "00:01:08", "end": "00:01:13", "text": "an interesting anecdote that inside of"}, {"start": "00:01:11", "end": "00:01:14", "text": "VanEck, you guys basically were like at"}, {"start": "00:01:13", "end": "00:01:16", "text": "the buffet. You were using every single"}, {"start": "00:01:14", "end": "00:01:17", "text": "model. You were trying to automate a"}, {"start": "00:01:16", "end": "00:01:19", "text": "bunch of stuff. Now you're"}, {"start": "00:01:17", "end": "00:01:20", "text": "consolidating, and it sounds like maybe"}, {"start": "00:01:19", "end": "00:01:21", "text": "you're bullish on stocks, but maybe"}, {"start": "00:01:20", "end": "00:01:23", "text": "bearish on some of the private"}, {"start": "00:01:21", "end": "00:01:27", "text": "companies. Is that fair?"}, {"start": "00:01:23", "end": "00:01:30", "text": "Uh the internal debate among VanEck PMs"}, {"start": "00:01:27", "end": "00:01:34", "text": "is very fierce right now, both on the"}, {"start": "00:01:30", "end": "00:01:36", "text": "war and the return on capital from AI"}, {"start": "00:01:34", "end": "00:01:37", "text": "CapEx. I think those are the two biggest"}, {"start": "00:01:36", "end": "00:01:39", "text": "things that are facing the market right"}, {"start": "00:01:37", "end": "00:01:41", "text": "now. Is Hormuz going to open, and what"}, {"start": "00:01:39", "end": "00:01:44", "text": "does that mean for the energy complex"}, {"start": "00:01:41", "end": "00:01:47", "text": "versus everything else? And then"}, {"start": "00:01:44", "end": "00:01:48", "text": "Mag 7 underperforming. Most of those"}, {"start": "00:01:47", "end": "00:01:51", "text": "stocks,"}, {"start": "00:01:48", "end": "00:01:53", "text": "you know, below their 200 days now, and"}, {"start": "00:01:51", "end": "00:01:55", "text": "the market's demanding a return on this"}, {"start": "00:01:53", "end": "00:01:57", "text": "CapEx."}, {"start": "00:01:55", "end": "00:01:58", "text": "Is that return going to come through"}, {"start": "00:01:57", "end": "00:02:01", "text": "cutting heads"}, {"start": "00:01:58", "end": "00:02:03", "text": "or are there profit dollars that can"}, {"start": "00:02:01", "end": "00:02:06", "text": "materialize? Where do you stand on the"}, {"start": "00:02:03", "end": "00:02:08", "text": "AI CapEx? Uh"}, {"start": "00:02:06", "end": "00:02:11", "text": "I mean, I lean bullish just because of"}, {"start": "00:02:08", "end": "00:02:13", "text": "my own internal productivity"}, {"start": "00:02:11", "end": "00:02:16", "text": "where I'd say we've been able to not"}, {"start": "00:02:13", "end": "00:02:17", "text": "hire folks because of the work that my"}, {"start": "00:02:16", "end": "00:02:19", "text": "new analyst, Claude, is doing,"}, {"start": "00:02:17", "end": "00:02:21", "text": "especially when I integrate him into"}, {"start": "00:02:19", "end": "00:02:24", "text": "Excel. That's been a very powerful"}, {"start": "00:02:21", "end": "00:02:27", "text": "unlock. So at the firm level, Jan VanEck"}, {"start": "00:02:24", "end": "00:02:30", "text": "really embraced AI from the moment"}, {"start": "00:02:27", "end": "00:02:31", "text": "ChatGPT was released, and we started"}, {"start": "00:02:30", "end": "00:02:33", "text": "licensing"}, {"start": "00:02:31", "end": "00:02:35", "text": "all of the models."}, {"start": "00:02:33", "end": "00:02:38", "text": "In the last few weeks, we've"}, {"start": "00:02:35", "end": "00:02:39", "text": "consolidated our budget around"}, {"start": "00:02:38", "end": "00:02:42", "text": "Anthropic, [clears throat]"}, {"start": "00:02:39", "end": "00:02:45", "text": "and we are beginning to aggressively"}, {"start": "00:02:42", "end": "00:02:49", "text": "build agents to automate some of the"}, {"start": "00:02:45", "end": "00:02:51", "text": "back office work. Uh I think our agents"}, {"start": "00:02:49", "end": "00:02:52", "text": "are going to get a 401k match at some"}, {"start": "00:02:51", "end": "00:02:55", "text": "point. Um"}, {"start": "00:02:52", "end": "00:02:57", "text": "so, you know, given that my fund being"}, {"start": "00:02:55", "end": "00:03:00", "text": "crypto-oriented and the Bitcoin miners"}, {"start": "00:02:57", "end": "00:03:02", "text": "are a big part of my benchmark, those"}, {"start": "00:03:00", "end": "00:03:05", "text": "companies are really the tip of the"}, {"start": "00:03:02", "end": "00:03:07", "text": "sphere in terms of this AI CapEx trend"}, {"start": "00:03:05", "end": "00:03:10", "text": "because they're leveraged. They have to"}, {"start": "00:03:07", "end": "00:03:13", "text": "sell Bitcoin to fund their"}, {"start": "00:03:10", "end": "00:03:15", "text": "repurposing of the data centers. And"}, {"start": "00:03:13", "end": "00:03:17", "text": "there's one there's one data set that"}, {"start": "00:03:15", "end": "00:03:21", "text": "I've been looking at, which is what is"}, {"start": "00:03:17", "end": "00:03:23", "text": "the dollars per megawatts of these"}, {"start": "00:03:21", "end": "00:03:25", "text": "leases that are being signed by Cipher,"}, {"start": "00:03:23", "end": "00:03:28", "text": "by Iris,"}, {"start": "00:03:25", "end": "00:03:30", "text": "by Terawulf. And each time we see a new"}, {"start": "00:03:28", "end": "00:03:33", "text": "lease, that number is going up. Uh and"}, {"start": "00:03:30", "end": "00:03:35", "text": "if you look at the rental costs for"}, {"start": "00:03:33", "end": "00:03:38", "text": "Nvidia chips on the spot market, those"}, {"start": "00:03:35", "end": "00:03:39", "text": "numbers are also going up."}, {"start": "00:03:38", "end": "00:03:43", "text": "Uh so, I think, you know, those the"}, {"start": "00:03:39", "end": "00:03:45", "text": "stocks are down 40% from the peaks. Uh"}, {"start": "00:03:43", "end": "00:03:47", "text": "it doesn't feel like a time, you know,"}, {"start": "00:03:45", "end": "00:03:49", "text": "to be selling. I'm definitely managing"}, {"start": "00:03:47", "end": "00:03:50", "text": "position sizes, but I come I come out"}, {"start": "00:03:49", "end": "00:03:53", "text": "bullish because I can feel the"}, {"start": "00:03:50", "end": "00:03:54", "text": "productivity, you know, in my own work."}, {"start": "00:03:53", "end": "00:03:55", "text": ">> What are you doing what by hooking"}, {"start": "00:03:54", "end": "00:03:56", "text": "Claude up to Excel? Like just walk"}, {"start": "00:03:55", "end": "00:03:57", "text": "through maybe what you were doing"}, {"start": "00:03:56", "end": "00:04:00", "text": "manually before that now it's saving you"}, {"start": "00:03:57", "end": "00:04:01", "text": "time. Yeah, I mean, even just on my"}, {"start": "00:04:00", "end": "00:04:03", "text": "position sheets,"}, {"start": "00:04:01", "end": "00:04:04", "text": "um"}, {"start": "00:04:03", "end": "00:04:06", "text": "instead of"}, {"start": "00:04:04", "end": "00:04:08", "text": "you know, using formulas to calc how"}, {"start": "00:04:06", "end": "00:04:10", "text": "many shares I might need to buy or sell,"}, {"start": "00:04:08", "end": "00:04:13", "text": "I just input the instructions into"}, {"start": "00:04:10", "end": "00:04:16", "text": "Claude. I have Claude make a new sheet"}, {"start": "00:04:13", "end": "00:04:18", "text": "each day to analyze the attribution,"}, {"start": "00:04:16", "end": "00:04:20", "text": "what's happening my performance, what's"}, {"start": "00:04:18", "end": "00:04:23", "text": "hurting my performance,"}, {"start": "00:04:20", "end": "00:04:26", "text": "issues around I care a lot about taxes,"}, {"start": "00:04:23", "end": "00:04:28", "text": "so I want to avoid fund shareholders"}, {"start": "00:04:26", "end": "00:04:31", "text": "being stuck with gains at the end of the"}, {"start": "00:04:28", "end": "00:04:35", "text": "year that I would have to pay out. So,"}, {"start": "00:04:31", "end": "00:04:36", "text": "managing tax loss selling against gains,"}, {"start": "00:04:35", "end": "00:04:39", "text": "having Claude, you know, suggest some of"}, {"start": "00:04:36", "end": "00:04:42", "text": "those by taking a big spreadsheet and"}, {"start": "00:04:39", "end": "00:04:44", "text": "just simplifying like which lots have"}, {"start": "00:04:42", "end": "00:04:47", "text": "losses that I can sell easily. It's just"}, {"start": "00:04:44", "end": "00:04:49", "text": "cutting down on on time. Yeah, that's"}, {"start": "00:04:47", "end": "00:04:50", "text": "it's very interesting. Um let's talk"}, {"start": "00:04:49", "end": "00:04:52", "text": "Mara, Marathon. Yeah."}, {"start": "00:04:50", "end": "00:04:53", "text": "You guys I think were bearish, now"}, {"start": "00:04:52", "end": "00:04:55", "text": "you're bullish. They're going through a"}, {"start": "00:04:53", "end": "00:04:57", "text": "huge transition. They recently sold a"}, {"start": "00:04:55", "end": "00:04:59", "text": "bunch of Bitcoin. Just maybe level set"}, {"start": "00:04:57", "end": "00:05:00", "text": "everyone like what was the business,"}, {"start": "00:04:59", "end": "00:05:01", "text": "what is the period they're moving"}, {"start": "00:05:00", "end": "00:05:03", "text": "towards now, and why did you guys change"}, {"start": "00:05:01", "end": "00:05:05", "text": "your mind? Yeah, so, you know, within"}, {"start": "00:05:03", "end": "00:05:07", "text": "NODE,"}, {"start": "00:05:05", "end": "00:05:09", "text": "our universe is any company that has a"}, {"start": "00:05:07", "end": "00:05:12", "text": "strategy to make money or save money"}, {"start": "00:05:09", "end": "00:05:14", "text": "from the adoption of Bitcoin,"}, {"start": "00:05:12", "end": "00:05:16", "text": "blockchain, digital assets. And we've"}, {"start": "00:05:14", "end": "00:05:21", "text": "been fortunate that since inception,"}, {"start": "00:05:16", "end": "00:05:24", "text": "we're up 27%. Bitcoin is down 33%. So,"}, {"start": "00:05:21", "end": "00:05:26", "text": "we've we've done a good job at capturing"}, {"start": "00:05:24", "end": "00:05:30", "text": "you know, where the gains have been."}, {"start": "00:05:26", "end": "00:05:32", "text": "That has been in the AI miners. Uh we've"}, {"start": "00:05:30", "end": "00:05:35", "text": "been very underweight on digital asset"}, {"start": "00:05:32", "end": "00:05:38", "text": "treasury companies and exchanges. So,"}, {"start": "00:05:35", "end": "00:05:41", "text": "MicroStrategy, Coinbase, very small"}, {"start": "00:05:38", "end": "00:05:42", "text": "positions, worried about the leverage."}, {"start": "00:05:41", "end": "00:05:45", "text": "And Mara,"}, {"start": "00:05:42", "end": "00:05:47", "text": "you know, turned itself into a debt"}, {"start": "00:05:45", "end": "00:05:50", "text": "after the election. They caught the FOMO"}, {"start": "00:05:47", "end": "00:05:52", "text": "that public equity investors were going"}, {"start": "00:05:50", "end": "00:05:54", "text": "to might pay a premium for the Bitcoin"}, {"start": "00:05:52", "end": "00:05:55", "text": "that a company holds on its balance"}, {"start": "00:05:54", "end": "00:05:58", "text": "sheet. They levered up the balance"}, {"start": "00:05:55", "end": "00:06:00", "text": "sheet. They did a bunch of converts, and"}, {"start": "00:05:58", "end": "00:06:02", "text": "then the market turned, and that premium"}, {"start": "00:06:00", "end": "00:06:05", "text": "to NAV that MicroStrategy was trading"}, {"start": "00:06:02", "end": "00:06:10", "text": "at, you know, 1.7 times, collapsed to"}, {"start": "00:06:05", "end": "00:06:12", "text": "one, and Mara caught that same derating."}, {"start": "00:06:10", "end": "00:06:14", "text": "Meanwhile, the economics around Bitcoin"}, {"start": "00:06:12", "end": "00:06:19", "text": "mining are also we're also worsening,"}, {"start": "00:06:14", "end": "00:06:23", "text": "and the CEO was very stubborn around the"}, {"start": "00:06:19", "end": "00:06:23", "text": "AI opportunity. Uh in the last quarter,"}, {"start": "00:06:23", "end": "00:06:26", "text": "uh"}, {"start": "00:06:23", "end": "00:06:27", "text": "they've made a pivot on that. And, you"}, {"start": "00:06:26", "end": "00:06:30", "text": "know, the headline which everyone caught"}, {"start": "00:06:27", "end": "00:06:31", "text": "onto this week was, \"Oh, they sold like"}, {"start": "00:06:30", "end": "00:06:34", "text": "a third of their Bitcoin and retired a"}, {"start": "00:06:31", "end": "00:06:35", "text": "convertible bond, two convertible bonds"}, {"start": "00:06:34", "end": "00:06:38", "text": "at a discount.\" So, it was a very"}, {"start": "00:06:35", "end": "00:06:39", "text": "accretive transaction."}, {"start": "00:06:38", "end": "00:06:42", "text": "Um"}, {"start": "00:06:39", "end": "00:06:44", "text": "but I think even more importantly,"}, {"start": "00:06:42", "end": "00:06:47", "text": "they've changed the executive comp so"}, {"start": "00:06:44", "end": "00:06:48", "text": "that management now is not so much paid"}, {"start": "00:06:47", "end": "00:06:51", "text": "on how many Bitcoins are produced, but"}, {"start": "00:06:48", "end": "00:06:53", "text": "they've added a new annual recurring"}, {"start": "00:06:51", "end": "00:06:55", "text": "revenue line"}, {"start": "00:06:53", "end": "00:06:58", "text": "that management needs to hit in order to"}, {"start": "00:06:55", "end": "00:07:00", "text": "get their restricted stock. And they"}, {"start": "00:06:58", "end": "00:07:02", "text": "made an acquisition in France of a data"}, {"start": "00:07:00", "end": "00:07:04", "text": "center company that"}, {"start": "00:07:02", "end": "00:07:08", "text": "might be able to capture some of this"}, {"start": "00:07:04", "end": "00:07:10", "text": "sovereign AI outside of the US."}, {"start": "00:07:08", "end": "00:07:12", "text": "So, we, you know, started adding to that"}, {"start": "00:07:10", "end": "00:07:15", "text": "position a couple of months ago, and"}, {"start": "00:07:12", "end": "00:07:18", "text": "then the convert retiring yesterday was"}, {"start": "00:07:15", "end": "00:07:20", "text": "a validation of that thesis."}, {"start": "00:07:18", "end": "00:07:22", "text": "I think that they've got religion that"}, {"start": "00:07:20", "end": "00:07:24", "text": "the market does not need to pay pay a"}, {"start": "00:07:22", "end": "00:07:26", "text": "premium for Bitcoin, you know, that it"}, {"start": "00:07:24", "end": "00:07:28", "text": "can buy itself."}, {"start": "00:07:26", "end": "00:07:30", "text": "And so they were sellers, you know, at a"}, {"start": "00:07:28", "end": "00:07:31", "text": "to willing buyers at the fair market"}, {"start": "00:07:30", "end": "00:07:34", "text": "price, which I think was the the right"}, {"start": "00:07:31", "end": "00:07:37", "text": "thing to do. Uh and the stock looks"}, {"start": "00:07:34", "end": "00:07:39", "text": "really cheap if they can continue to"}, {"start": "00:07:37", "end": "00:07:42", "text": "attack that arbitrage. So, the miners"}, {"start": "00:07:39", "end": "00:07:45", "text": "that have been most aggressive on AI HPC"}, {"start": "00:07:42", "end": "00:07:47", "text": "like Cipher and Terawulf, they're"}, {"start": "00:07:45", "end": "00:07:49", "text": "trading at like $15 million"}, {"start": "00:07:47", "end": "00:07:52", "text": "of market cap for each megawatt that"}, {"start": "00:07:49", "end": "00:07:53", "text": "they control. Mara is like less than $2"}, {"start": "00:07:52", "end": "00:07:55", "text": "million"}, {"start": "00:07:53", "end": "00:07:58", "text": "per megawatt. So, there is a huge"}, {"start": "00:07:55", "end": "00:08:00", "text": "valuation arbitrage if they can find a"}, {"start": "00:07:58", "end": "00:08:03", "text": "client. And now they have a JV with"}, {"start": "00:08:00", "end": "00:08:04", "text": "Starwood, which is a large private"}, {"start": "00:08:03", "end": "00:08:06", "text": "equity firm with big data center"}, {"start": "00:08:04", "end": "00:08:07", "text": "platform. It's going to help them market"}, {"start": "00:08:06", "end": "00:08:10", "text": "some of these data centers. They'll"}, {"start": "00:08:07", "end": "00:08:12", "text": "still be a CapEx burden, but I think"}, {"start": "00:08:10", "end": "00:08:13", "text": "when they sign that first lease, I don't"}, {"start": "00:08:12", "end": "00:08:14", "text": "know if it's in one quarter or three"}, {"start": "00:08:13", "end": "00:08:15", "text": "quarters,"}, {"start": "00:08:14", "end": "00:08:16", "text": "you know, that'll really open a lot of"}, {"start": "00:08:15", "end": "00:08:17", "text": "people's eyes."}, {"start": "00:08:16", "end": "00:08:19", "text": ">> still a lot of demand for this stuff?"}, {"start": "00:08:17", "end": "00:08:21", "text": "Like it shouldn't be that hard for"}, {"start": "00:08:19", "end": "00:08:24", "text": "somebody like them to find a client."}, {"start": "00:08:21", "end": "00:08:25", "text": "Uh"}, {"start": "00:08:24", "end": "00:08:28", "text": "there's a lot of new competition."}, {"start": "00:08:25", "end": "00:08:30", "text": "There's also a lot of demand. So, it's"}, {"start": "00:08:28", "end": "00:08:33", "text": "it's not a riskless venture,"}, {"start": "00:08:30", "end": "00:08:34", "text": "but I think with the size of their"}, {"start": "00:08:33", "end": "00:08:36", "text": "footprint, they'll be able to do"}, {"start": "00:08:34", "end": "00:08:38", "text": "something. Got it. Now, if we continue"}, {"start": "00:08:36", "end": "00:08:41", "text": "down this kind of like energy AI space,"}, {"start": "00:08:38", "end": "00:08:42", "text": "you guys have a company Aker, A K E R,"}, {"start": "00:08:41", "end": "00:08:44", "text": "that I think you're really excited"}, {"start": "00:08:42", "end": "00:08:47", "text": "about. What do they do, and why are you"}, {"start": "00:08:44", "end": "00:08:48", "text": "so excited? Yeah, this is one of the few"}, {"start": "00:08:47", "end": "00:08:50", "text": "stocks that has really been a"}, {"start": "00:08:48", "end": "00:08:52", "text": "contributor to performance this year."}, {"start": "00:08:50", "end": "00:08:54", "text": "So, we're down about through this"}, {"start": "00:08:52", "end": "00:08:56", "text": "through March 26th, we were down about"}, {"start": "00:08:54", "end": "00:09:00", "text": "5%. NODE was down about 5% year-to-date."}, {"start": "00:08:56", "end": "00:09:02", "text": "S&P's down six. Bitcoin's down 19. A"}, {"start": "00:09:00", "end": "00:09:03", "text": "handful of stocks have contributed most"}, {"start": "00:09:02", "end": "00:09:05", "text": "of the performance this year, as is"}, {"start": "00:09:03", "end": "00:09:07", "text": "often the case."}, {"start": "00:09:05", "end": "00:09:09", "text": "And one of them is this fascinating"}, {"start": "00:09:07", "end": "00:09:12", "text": "Norwegian company called Aker. It's run"}, {"start": "00:09:09", "end": "00:09:14", "text": "by one of Norway's"}, {"start": "00:09:12", "end": "00:09:19", "text": "handful of billionaires. And they're an"}, {"start": "00:09:14", "end": "00:09:22", "text": "energy North Sea oil and gas company."}, {"start": "00:09:19", "end": "00:09:24", "text": "And five years ago in 2020, the CEO"}, {"start": "00:09:22", "end": "00:09:26", "text": "wrote a shareholder letter about"}, {"start": "00:09:24", "end": "00:09:28", "text": "Bitcoin. And they announced that they"}, {"start": "00:09:26", "end": "00:09:30", "text": "were going to start mining Bitcoin with"}, {"start": "00:09:28", "end": "00:09:32", "text": "some of their spare energy. And he wrote"}, {"start": "00:09:30", "end": "00:09:35", "text": "very eloquently about how Bitcoin can"}, {"start": "00:09:32", "end": "00:09:38", "text": "act as this economic battery to capture"}, {"start": "00:09:35", "end": "00:09:41", "text": "stranded energy and then monetize it"}, {"start": "00:09:38", "end": "00:09:43", "text": "through Bitcoin. They went quiet on that"}, {"start": "00:09:41", "end": "00:09:44", "text": "venture for many years. I wrote to IR,"}, {"start": "00:09:43", "end": "00:09:46", "text": "asked them, you know, can we have a"}, {"start": "00:09:44", "end": "00:09:48", "text": "chat? I want to learn about this."}, {"start": "00:09:46", "end": "00:09:50", "text": "Crickets, right?"}, {"start": "00:09:48", "end": "00:09:53", "text": "In 2023,"}, {"start": "00:09:50", "end": "00:09:56", "text": "that expertise that they gained in"}, {"start": "00:09:53", "end": "00:09:58", "text": "mining Bitcoin led them to fund a"}, {"start": "00:09:56", "end": "00:10:01", "text": "company called Nscale."}, {"start": "00:09:58", "end": "00:10:04", "text": "Nscale is like Europe's core weave,"}, {"start": "00:10:01", "end": "00:10:07", "text": "Europe's Nebius. And"}, {"start": "00:10:04", "end": "00:10:09", "text": "Aker funded this company early. They set"}, {"start": "00:10:07", "end": "00:10:11", "text": "up a JV where the oil and gas company"}, {"start": "00:10:09", "end": "00:10:12", "text": "will provide energy infrastructure to"}, {"start": "00:10:11", "end": "00:10:14", "text": "that"}, {"start": "00:10:12", "end": "00:10:16", "text": "new hyperscaler, I guess you could say,"}, {"start": "00:10:14", "end": "00:10:18", "text": "Neo Cloud."}, {"start": "00:10:16", "end": "00:10:20", "text": "And they continued to participate in"}, {"start": "00:10:18", "end": "00:10:23", "text": "funding that company."}, {"start": "00:10:20", "end": "00:10:24", "text": "It's been a home run. So, Nscale just"}, {"start": "00:10:23", "end": "00:10:27", "text": "got"}, {"start": "00:10:24", "end": "00:10:29", "text": "did a I think it was series E at a $15"}, {"start": "00:10:27", "end": "00:10:32", "text": "billion valuation. They're talking about"}, {"start": "00:10:29", "end": "00:10:35", "text": "an IPO. Aker has participated in every"}, {"start": "00:10:32", "end": "00:10:38", "text": "raise. They're going to own 24% of this"}, {"start": "00:10:35", "end": "00:10:41", "text": "company when they IPO. And that"}, {"start": "00:10:38", "end": "00:10:44", "text": "investment is now worth like a third of"}, {"start": "00:10:41", "end": "00:10:46", "text": "Aker's market cap."}, {"start": "00:10:44", "end": "00:10:48", "text": "Meanwhile, you're paid a 5% dividend"}, {"start": "00:10:46", "end": "00:10:50", "text": "yield from the core business. So, it's"}, {"start": "00:10:48", "end": "00:10:52", "text": "it's done very well. You know, it's a"}, {"start": "00:10:50", "end": "00:10:54", "text": "beneficiary from the from the war"}, {"start": "00:10:52", "end": "00:10:56", "text": "because of their energy assets. And"}, {"start": "00:10:54", "end": "00:10:56", "text": "meanwhile, you've got this hidden gem"}, {"start": "00:10:56", "end": "00:10:59", "text": "that's [clears throat] about to be"}, {"start": "00:10:56", "end": "00:11:01", "text": "monetized probably with an IPO here in"}, {"start": "00:10:59", "end": "00:11:04", "text": "Q2. So, I you know, we love to look for"}, {"start": "00:11:01", "end": "00:11:06", "text": "those kind of under the radar stories"}, {"start": "00:11:04", "end": "00:11:08", "text": "that US investors can't always get"}, {"start": "00:11:06", "end": "00:11:09", "text": "exposure to."}, {"start": "00:11:08", "end": "00:11:10", "text": "And that's been one of our biggest"}, {"start": "00:11:09", "end": "00:11:12", "text": "winners this year. You mentioned that"}, {"start": "00:11:10", "end": "00:11:14", "text": "there's two fierce debates internally."}, {"start": "00:11:12", "end": "00:11:16", "text": "One is the AI stuff, the other is the"}, {"start": "00:11:14", "end": "00:11:17", "text": "war and how long is it going to take for"}, {"start": "00:11:16", "end": "00:11:20", "text": "the strait to reopen. When you talk"}, {"start": "00:11:17", "end": "00:11:23", "text": "about an energy company like this one in"}, {"start": "00:11:20", "end": "00:11:24", "text": "Norway, all of a sudden it becomes"}, {"start": "00:11:23", "end": "00:11:26", "text": "Well, actually maybe the strait's more"}, {"start": "00:11:24", "end": "00:11:28", "text": "important than the AI stuff, right? And"}, {"start": "00:11:26", "end": "00:11:30", "text": "how does that impact a energy company"}, {"start": "00:11:28", "end": "00:11:34", "text": "like that? Well, it's you know, it's"}, {"start": "00:11:30", "end": "00:11:36", "text": "been going up even during the war. So,"}, {"start": "00:11:34", "end": "00:11:38", "text": "you know, these things won't last"}, {"start": "00:11:36", "end": "00:11:39", "text": "forever. And probably when Nscale goes"}, {"start": "00:11:38", "end": "00:11:41", "text": "public, you know, that might be a good"}, {"start": "00:11:39", "end": "00:11:43", "text": "time to to take some profits in the"}, {"start": "00:11:41", "end": "00:11:46", "text": "name. But for now, they seem to be"}, {"start": "00:11:43", "end": "00:11:48", "text": "benefiting either way. When the market's"}, {"start": "00:11:46", "end": "00:11:49", "text": "focusing on energy, they hold up better."}, {"start": "00:11:48", "end": "00:11:52", "text": "And then when AI is working, you know,"}, {"start": "00:11:49", "end": "00:11:53", "text": "they have the Nscale tailwind. What is"}, {"start": "00:11:52", "end": "00:11:55", "text": "your take on when the strait will"}, {"start": "00:11:53", "end": "00:11:55", "text": "reopen?"}, {"start": "00:11:55", "end": "00:11:57", "text": ">> [snorts]"}, {"start": "00:11:55", "end": "00:12:01", "text": ">> Well, it's it's kind of open already if"}, {"start": "00:11:57", "end": "00:12:03", "text": "you're willing to pay $2 million of RMB,"}, {"start": "00:12:01", "end": "00:12:05", "text": "Chinese currency, which I thought was"}, {"start": "00:12:03", "end": "00:12:07", "text": "really interesting. There've been 10"}, {"start": "00:12:05", "end": "00:12:10", "text": "ships, 10 vessels that have transited in"}, {"start": "00:12:07", "end": "00:12:12", "text": "the last few days. Two of them paid RMB."}, {"start": "00:12:10", "end": "00:12:14", "text": "So, I I really wish that would have been"}, {"start": "00:12:12", "end": "00:12:15", "text": "Bitcoin. You know, it's not what we want"}, {"start": "00:12:14", "end": "00:12:19", "text": "to see is"}, {"start": "00:12:15", "end": "00:12:20", "text": "China being a a winner in this war."}, {"start": "00:12:19", "end": "00:12:23", "text": "But"}, {"start": "00:12:20", "end": "00:12:25", "text": "you know, my Everyone has their biases"}, {"start": "00:12:23", "end": "00:12:27", "text": "on this. My bias is that"}, {"start": "00:12:25", "end": "00:12:29", "text": "Trump's most consistent campaign"}, {"start": "00:12:27", "end": "00:12:32", "text": "promises were that he's going to keep us"}, {"start": "00:12:29", "end": "00:12:35", "text": "out of foreign entanglements."}, {"start": "00:12:32", "end": "00:12:36", "text": "Passover starts next week."}, {"start": "00:12:35", "end": "00:12:38", "text": "That's a big deal in Israel. Those"}, {"start": "00:12:36", "end": "00:12:40", "text": "soldiers have been deployed for quite a"}, {"start": "00:12:38", "end": "00:12:43", "text": "long time. There's a lot of pressure to"}, {"start": "00:12:40", "end": "00:12:44", "text": "get them home for the holidays. So, you"}, {"start": "00:12:43", "end": "00:12:46", "text": "know, you don't see it in the markets on"}, {"start": "00:12:44", "end": "00:12:48", "text": "a day like today with S&P's down a"}, {"start": "00:12:46", "end": "00:12:50", "text": "couple percent. But"}, {"start": "00:12:48", "end": "00:12:52", "text": "I think the market might be"}, {"start": "00:12:50", "end": "00:12:54", "text": "underestimating the chance for a"}, {"start": "00:12:52", "end": "00:12:57", "text": "ceasefire"}, {"start": "00:12:54", "end": "00:12:58", "text": "next week, you know, March 30, April 1"}, {"start": "00:12:57", "end": "00:13:00", "text": "around the Passover time. Now, many"}, {"start": "00:12:58", "end": "00:13:03", "text": "people, you know, disagree including at"}, {"start": "00:13:00", "end": "00:13:06", "text": "VanEck. It's it's interesting. It's like"}, {"start": "00:13:03", "end": "00:13:10", "text": "geographically divided. The folks who"}, {"start": "00:13:06", "end": "00:13:12", "text": "sit in Europe tend to be more bearish on"}, {"start": "00:13:10", "end": "00:13:14", "text": "the US going it alone, you know,"}, {"start": "00:13:12", "end": "00:13:16", "text": "abandoning its allies and then asking"}, {"start": "00:13:14", "end": "00:13:17", "text": "for help."}, {"start": "00:13:16", "end": "00:13:19", "text": "I just think that you know, you got to"}, {"start": "00:13:17", "end": "00:13:22", "text": "listen to what Trump says. He tends to"}, {"start": "00:13:19", "end": "00:13:24", "text": "repeat himself a lot and generally"}, {"start": "00:13:22", "end": "00:13:26", "text": "follow his own"}, {"start": "00:13:24", "end": "00:13:28", "text": "core beliefs. And one of them is no"}, {"start": "00:13:26", "end": "00:13:30", "text": "forever war. So, I think there's a good"}, {"start": "00:13:28", "end": "00:13:32", "text": "chance it's going to be over soon."}, {"start": "00:13:30", "end": "00:13:34", "text": ">> in Europe are thinking that the United"}, {"start": "00:13:32", "end": "00:13:36", "text": "States could get locked in the forever"}, {"start": "00:13:34", "end": "00:13:37", "text": "war and go it alone."}, {"start": "00:13:36", "end": "00:13:38", "text": "Yeah."}, {"start": "00:13:37", "end": "00:13:40", "text": "Now, you know, what's funny about that,"}, {"start": "00:13:38", "end": "00:13:41", "text": "right? Is like the European countries,"}, {"start": "00:13:40", "end": "00:13:43", "text": "they're not helping at all. They're not"}, {"start": "00:13:41", "end": "00:13:45", "text": "doing anything."}, {"start": "00:13:43", "end": "00:13:48", "text": "And so, the question becomes"}, {"start": "00:13:45", "end": "00:13:50", "text": "if the United States calls on their"}, {"start": "00:13:48", "end": "00:13:53", "text": "allies to participate at certain times"}, {"start": "00:13:50", "end": "00:13:54", "text": "and those allies do not participate,"}, {"start": "00:13:53", "end": "00:13:57", "text": "then I think immediately, definitely the"}, {"start": "00:13:54", "end": "00:13:59", "text": "like hardcore America first, you know,"}, {"start": "00:13:57", "end": "00:14:01", "text": "groups will why are we supporting them"}, {"start": "00:13:59", "end": "00:14:02", "text": "in times of peace? Why are we supporting"}, {"start": "00:14:01", "end": "00:14:03", "text": "them with security? Why are we doing"}, {"start": "00:14:02", "end": "00:14:05", "text": "these other things? The whole point of"}, {"start": "00:14:03", "end": "00:14:07", "text": "having an ally is they're there for you"}, {"start": "00:14:05", "end": "00:14:08", "text": "when you need them."}, {"start": "00:14:07", "end": "00:14:10", "text": "I don't know. It's kind of interesting"}, {"start": "00:14:08", "end": "00:14:12", "text": "because if that becomes a bigger"}, {"start": "00:14:10", "end": "00:14:14", "text": "conversation at the national level, you"}, {"start": "00:14:12", "end": "00:14:15", "text": "get the redirecting of government"}, {"start": "00:14:14", "end": "00:14:17", "text": "spending. Maybe there's some companies"}, {"start": "00:14:15", "end": "00:14:18", "text": "in Europe that actually start to suffer"}, {"start": "00:14:17", "end": "00:14:20", "text": "because they don't have kind of the"}, {"start": "00:14:18", "end": "00:14:22", "text": "persistent bid of, you know, revenue and"}, {"start": "00:14:20", "end": "00:14:23", "text": "capital coming in"}, {"start": "00:14:22", "end": "00:14:25", "text": "to to the continent. I don't know."}, {"start": "00:14:23", "end": "00:14:25", "text": "There's like some ramifications there."}, {"start": "00:14:25", "end": "00:14:27", "text": ">> [clears throat]"}, {"start": "00:14:25", "end": "00:14:30", "text": ">> Yeah, I mean, if we if we"}, {"start": "00:14:27", "end": "00:14:33", "text": "declare victory and leave and Hormuz"}, {"start": "00:14:30", "end": "00:14:35", "text": "remains semi-closed, you know, there"}, {"start": "00:14:33", "end": "00:14:36", "text": "there's going to be a disconnect where a"}, {"start": "00:14:35", "end": "00:14:38", "text": "lot of folks are saying, how can you"}, {"start": "00:14:36", "end": "00:14:40", "text": "declare victory?"}, {"start": "00:14:38", "end": "00:14:41", "text": "Hormuz is closed. And I think the answer"}, {"start": "00:14:40", "end": "00:14:42", "text": "to that from America's point of view is"}, {"start": "00:14:41", "end": "00:14:44", "text": "like,"}, {"start": "00:14:42", "end": "00:14:46", "text": "we don't use that strait anyway, right?"}, {"start": "00:14:44", "end": "00:14:48", "text": "It's the Chinese, it's the Indians, it's"}, {"start": "00:14:46", "end": "00:14:53", "text": "France who's importing diesel and"}, {"start": "00:14:48", "end": "00:14:55", "text": "distillates from the Gulf Coast. So,"}, {"start": "00:14:53", "end": "00:14:57", "text": "you know, we don't have as"}, {"start": "00:14:55", "end": "00:14:59", "text": "big a skin in the game. We're relatively"}, {"start": "00:14:57", "end": "00:15:00", "text": "self-sufficient in our own energy"}, {"start": "00:14:59", "end": "00:15:02", "text": "markets."}, {"start": "00:15:00", "end": "00:15:05", "text": "It'd kind of be a middle finger to"}, {"start": "00:15:02", "end": "00:15:06", "text": "Europe. But as you as you pointed out,"}, {"start": "00:15:05", "end": "00:15:08", "text": "it's not like they're helping. So, if"}, {"start": "00:15:06", "end": "00:15:09", "text": "they want to open it, go right ahead."}, {"start": "00:15:08", "end": "00:15:11", "text": "Mhm. Today's episode is brought to you"}, {"start": "00:15:09", "end": "00:15:12", "text": "by Fountain Life. Are you ready to seize"}, {"start": "00:15:11", "end": "00:15:14", "text": "the day that will change your life"}, {"start": "00:15:12", "end": "00:15:16", "text": "guaranteed? You invest in wealth"}, {"start": "00:15:14", "end": "00:15:17", "text": "creation every single day. But what's"}, {"start": "00:15:16", "end": "00:15:19", "text": "the point of it without an optimal"}, {"start": "00:15:17", "end": "00:15:20", "text": "health span? Award-winning [music]"}, {"start": "00:15:19", "end": "00:15:22", "text": "Fountain Life is the world's most"}, {"start": "00:15:20", "end": "00:15:24", "text": "advanced longevity destination. And in"}, {"start": "00:15:22", "end": "00:15:26", "text": "just one day, they can map an exact and"}, {"start": "00:15:24", "end": "00:15:27", "text": "complete picture of your health profile."}, {"start": "00:15:26", "end": "00:15:29", "text": "No guesswork [music]"}, {"start": "00:15:27", "end": "00:15:31", "text": "and no blind spots. From there, they"}, {"start": "00:15:29", "end": "00:15:33", "text": "create a personalized plan that prevents"}, {"start": "00:15:31", "end": "00:15:34", "text": "disease and may even reverse aging using"}, {"start": "00:15:33", "end": "00:15:37", "text": "[music] precision medicine and"}, {"start": "00:15:34", "end": "00:15:39", "text": "restorative therapeutics. It's available"}, {"start": "00:15:37", "end": "00:15:40", "text": "nowhere else. In other words, your"}, {"start": "00:15:39", "end": "00:15:42", "text": "energy supercharged, your memory"}, {"start": "00:15:40", "end": "00:15:42", "text": "sharper, your life extended,"}, {"start": "00:15:42", "end": "00:15:44", "text": ">> [music]"}, {"start": "00:15:42", "end": "00:15:46", "text": ">> and so you can live without limits. It's"}, {"start": "00:15:44", "end": "00:15:47", "text": "the best investment you'll ever make."}, {"start": "00:15:46", "end": "00:15:49", "text": "Receive $1,000 off the cost [music] of a"}, {"start": "00:15:47", "end": "00:15:51", "text": "life-changing membership with Fountain"}, {"start": "00:15:49", "end": "00:15:53", "text": "Life when you schedule a call at"}, {"start": "00:15:51", "end": "00:15:55", "text": "fountainlife.com/pomp."}, {"start": "00:15:53", "end": "00:15:56", "text": "That's fountainlife.com/pomp."}, {"start": "00:15:55", "end": "00:15:58", "text": "[music]"}, {"start": "00:15:56", "end": "00:15:59", "text": "Today's episode is brought to you by"}, {"start": "00:15:58", "end": "00:16:01", "text": "Figure. We're living in a world of"}, {"start": "00:15:59", "end": "00:16:04", "text": "higher for longer rates, tighter credit,"}, {"start": "00:16:01", "end": "00:16:05", "text": "and fewer places to earn real yield."}, {"start": "00:16:04", "end": "00:16:07", "text": "That's why Figure's interesting."}, {"start": "00:16:05", "end": "00:16:08", "text": "Figure's the largest non-bank mortgage"}, {"start": "00:16:07", "end": "00:16:10", "text": "lender in the United States with over"}, {"start": "00:16:08", "end": "00:16:12", "text": "$19 billion unlocked on their lending"}, {"start": "00:16:10", "end": "00:16:14", "text": "platform. They're now [music] applying"}, {"start": "00:16:12", "end": "00:16:16", "text": "the same institutional infrastructure to"}, {"start": "00:16:14", "end": "00:16:18", "text": "crypto-backed loans and real-world asset"}, {"start": "00:16:16", "end": "00:16:20", "text": "yield. If you're holding crypto, [music]"}, {"start": "00:16:18", "end": "00:16:23", "text": "Figure lets you borrow against it at"}, {"start": "00:16:20", "end": "00:16:25", "text": "8.91% interest with 50% loan-to-value."}, {"start": "00:16:23", "end": "00:16:27", "text": "It gives you liquidity without selling,"}, {"start": "00:16:25", "end": "00:16:29", "text": "without triggering taxes, and without"}, {"start": "00:16:27", "end": "00:16:31", "text": "stepping out of the market. On the risk"}, {"start": "00:16:29", "end": "00:16:33", "text": "side, they use decentralized MPC"}, {"start": "00:16:31", "end": "00:16:35", "text": "custody, so assets stay in segregated"}, {"start": "00:16:33", "end": "00:16:37", "text": "wallets. And they've introduced"}, {"start": "00:16:35", "end": "00:16:39", "text": "liquidation protection to help manage"}, {"start": "00:16:37", "end": "00:16:40", "text": "downside volatility. And for investors"}, {"start": "00:16:39", "end": "00:16:44", "text": "looking for yield, Democratize [music]"}, {"start": "00:16:40", "end": "00:16:46", "text": "Prime offers up to 8.5% EP Y paid hourly"}, {"start": "00:16:44", "end": "00:16:46", "text": "and backed by real-world private credit,"}, {"start": "00:16:46", "end": "00:16:48", "text": ">> [music]"}, {"start": "00:16:46", "end": "00:16:50", "text": ">> real cash flow, not speculative token"}, {"start": "00:16:48", "end": "00:16:51", "text": "emission. In a market where capital"}, {"start": "00:16:50", "end": "00:16:54", "text": "efficiency matters more than ever,"}, {"start": "00:16:51", "end": "00:16:55", "text": "[music] Figure gives you real options."}, {"start": "00:16:54", "end": "00:16:57", "text": "Check them out using the link in the"}, {"start": "00:16:55", "end": "00:16:59", "text": "description or go to"}, {"start": "00:16:57", "end": "00:16:59", "text": "figuremarkets.co/pomp. [music]"}, {"start": "00:16:59", "end": "00:17:03", "text": "Again, that's figuremarkets.co/pomp."}, {"start": "00:17:04", "end": "00:17:08", "text": "Yeah, it is it is pretty interesting."}, {"start": "00:17:06", "end": "00:17:10", "text": "Now, what about do you guys do anything"}, {"start": "00:17:08", "end": "00:17:11", "text": "in like the autonomous"}, {"start": "00:17:10", "end": "00:17:13", "text": "defense space or anything like that"}, {"start": "00:17:11", "end": "00:17:14", "text": "where there's like, you know, AI type"}, {"start": "00:17:13", "end": "00:17:16", "text": "stuff or you're pretty much just focused"}, {"start": "00:17:14", "end": "00:17:19", "text": "on things that touch digital assets? The"}, {"start": "00:17:16", "end": "00:17:21", "text": "reason I ask is it does feel like AI and"}, {"start": "00:17:19", "end": "00:17:22", "text": "crypto are kind of coming together."}, {"start": "00:17:21", "end": "00:17:23", "text": "Maybe they touch a little bit and then"}, {"start": "00:17:22", "end": "00:17:25", "text": "they, you know, go back apart depending"}, {"start": "00:17:23", "end": "00:17:26", "text": "on where you look in the stack of of"}, {"start": "00:17:25", "end": "00:17:28", "text": "companies."}, {"start": "00:17:26", "end": "00:17:30", "text": "I used to invest in some of these drone"}, {"start": "00:17:28", "end": "00:17:33", "text": "companies when I when I worked with"}, {"start": "00:17:30", "end": "00:17:36", "text": "Cathie and in in previous jobs. And um"}, {"start": "00:17:33", "end": "00:17:39", "text": "they tend to be really volatile."}, {"start": "00:17:36", "end": "00:17:41", "text": "You know, like many defense contractors,"}, {"start": "00:17:39", "end": "00:17:43", "text": "just earnings are really lumpy and it's"}, {"start": "00:17:41", "end": "00:17:46", "text": "hard to get good visibility, you know,"}, {"start": "00:17:43", "end": "00:17:48", "text": "for national security reasons."}, {"start": "00:17:46", "end": "00:17:52", "text": "And so, the multiple that investors pay"}, {"start": "00:17:48", "end": "00:17:54", "text": "for that kind of lumpiness is"}, {"start": "00:17:52", "end": "00:17:56", "text": "pretty low, right? So, the way that I've"}, {"start": "00:17:54", "end": "00:17:58", "text": "been playing it, another stock which has"}, {"start": "00:17:56", "end": "00:18:00", "text": "contributed a large amount of our"}, {"start": "00:17:58", "end": "00:18:02", "text": "returns this year, it's through Hynix."}, {"start": "00:18:00", "end": "00:18:06", "text": "So, the DRAM market."}, {"start": "00:18:02", "end": "00:18:09", "text": "Drones right now"}, {"start": "00:18:06", "end": "00:18:11", "text": "are about 30 basis points of DRAM"}, {"start": "00:18:09", "end": "00:18:13", "text": "demand. So, really small."}, {"start": "00:18:11", "end": "00:18:16", "text": "But when you look at the growth, not"}, {"start": "00:18:13", "end": "00:18:18", "text": "only in drone volumes, but also in how"}, {"start": "00:18:16", "end": "00:18:21", "text": "much memory is going into these drones"}, {"start": "00:18:18", "end": "00:18:23", "text": "to make this autonomous, it's like a 10x"}, {"start": "00:18:21", "end": "00:18:26", "text": "increase in the amount of memory per"}, {"start": "00:18:23", "end": "00:18:30", "text": "drone. Plus, you get the volume boost on"}, {"start": "00:18:26", "end": "00:18:32", "text": "top of it. If you can get DRAM to"}, {"start": "00:18:30", "end": "00:18:35", "text": "DRAM demand, that is enough to really"}, {"start": "00:18:32", "end": "00:18:36", "text": "change the calculus cuz so much of that"}, {"start": "00:18:35", "end": "00:18:38", "text": "DRAM is locked up in long-term"}, {"start": "00:18:36", "end": "00:18:40", "text": "contracts. There's not that much"}, {"start": "00:18:38", "end": "00:18:42", "text": "available in the spot market."}, {"start": "00:18:40", "end": "00:18:44", "text": "So, I've been, you know, long and strong"}, {"start": "00:18:42", "end": "00:18:46", "text": "on the Hynix story. And you know, a"}, {"start": "00:18:44", "end": "00:18:48", "text": "little bit of wobbles here the last week"}, {"start": "00:18:46", "end": "00:18:50", "text": "or so, but that's one element which is"}, {"start": "00:18:48", "end": "00:18:52", "text": "keeping my conviction relatively high."}, {"start": "00:18:50", "end": "00:18:53", "text": "Mhm. Makes sense. Um when you think"}, {"start": "00:18:52", "end": "00:18:54", "text": "about"}, {"start": "00:18:53", "end": "00:18:57", "text": "uh"}, {"start": "00:18:54", "end": "00:18:58", "text": "the Bitcoin treasuries or the altcoin"}, {"start": "00:18:57", "end": "00:18:59", "text": "treasuries,"}, {"start": "00:18:58", "end": "00:19:00", "text": "um"}, {"start": "00:18:59", "end": "00:19:02", "text": "what is your take currently on the"}, {"start": "00:19:00", "end": "00:19:04", "text": "market? Cuz I think what we saw was"}, {"start": "00:19:02", "end": "00:19:07", "text": "there was a huge push."}, {"start": "00:19:04", "end": "00:19:08", "text": "Everyone got into the public market. And"}, {"start": "00:19:07", "end": "00:19:10", "text": "now it's like"}, {"start": "00:19:08", "end": "00:19:11", "text": "a complete scatter, right? It's like the"}, {"start": "00:19:10", "end": "00:19:12", "text": "lights got turned on and everyone's"}, {"start": "00:19:11", "end": "00:19:14", "text": "going in different directions in terms"}, {"start": "00:19:12", "end": "00:19:15", "text": "of strategy,"}, {"start": "00:19:14", "end": "00:19:17", "text": "performance, all these different stuff."}, {"start": "00:19:15", "end": "00:19:20", "text": "What what's kind of your read as an"}, {"start": "00:19:17", "end": "00:19:23", "text": "investor? Yeah, I've I've been really"}, {"start": "00:19:20", "end": "00:19:24", "text": "underweight these names because"}, {"start": "00:19:23", "end": "00:19:27", "text": "I just don't see the need to add"}, {"start": "00:19:24", "end": "00:19:29", "text": "leverage to what is already a very"}, {"start": "00:19:27", "end": "00:19:30", "text": "volatile asset. You know, it works"}, {"start": "00:19:29", "end": "00:19:33", "text": "really well on the upside. And then the"}, {"start": "00:19:30", "end": "00:19:37", "text": "drawdowns just can can crush your"}, {"start": "00:19:33", "end": "00:19:40", "text": "performance and volatility. And that"}, {"start": "00:19:37", "end": "00:19:41", "text": "conviction that we had really as a as a"}, {"start": "00:19:40", "end": "00:19:44", "text": "shop, VanEck, we did not really"}, {"start": "00:19:41", "end": "00:19:45", "text": "participate in the debt capital"}, {"start": "00:19:44", "end": "00:19:47", "text": "formation."}, {"start": "00:19:45", "end": "00:19:51", "text": "And part of that conviction comes from"}, {"start": "00:19:47", "end": "00:19:54", "text": "investing in like Asian conglomerates"}, {"start": "00:19:51", "end": "00:19:57", "text": "over the years. There's a lot of listed"}, {"start": "00:19:54", "end": "00:19:59", "text": "companies that trade on their net asset"}, {"start": "00:19:57", "end": "00:20:01", "text": "value, which usually consists of a bunch"}, {"start": "00:19:59", "end": "00:20:04", "text": "of real estate and businesses that are"}, {"start": "00:20:01", "end": "00:20:06", "text": "kind of quasi liquid."}, {"start": "00:20:04", "end": "00:20:09", "text": "And this those stocks trade at like 0.3,"}, {"start": "00:20:06", "end": "00:20:13", "text": "0.4 times NAV. You know, even when the"}, {"start": "00:20:09", "end": "00:20:16", "text": "NAV is growing. So, why is that? It's"}, {"start": "00:20:13", "end": "00:20:19", "text": "a handful of reasons. One is if the"}, {"start": "00:20:16", "end": "00:20:22", "text": "investors aren't seeing a cash return in"}, {"start": "00:20:19", "end": "00:20:24", "text": "the form of dividends, then they don't"}, {"start": "00:20:22", "end": "00:20:27", "text": "really believe"}, {"start": "00:20:24", "end": "00:20:30", "text": "why they should pay a premium to NAV."}, {"start": "00:20:27", "end": "00:20:32", "text": "Another reason is related party"}, {"start": "00:20:30", "end": "00:20:35", "text": "transactions. Those companies, you know,"}, {"start": "00:20:32", "end": "00:20:39", "text": "tend to do some self-dealing between"}, {"start": "00:20:35", "end": "00:20:40", "text": "themselves, which investors hate. And"}, {"start": "00:20:39", "end": "00:20:42", "text": "then a third reason is that they're"}, {"start": "00:20:40", "end": "00:20:45", "text": "often"}, {"start": "00:20:42", "end": "00:20:48", "text": "kind of founder-led with no succession"}, {"start": "00:20:45", "end": "00:20:49", "text": "plan for management and the"}, {"start": "00:20:48", "end": "00:20:52", "text": "minority shareholders feel like if"}, {"start": "00:20:49", "end": "00:20:55", "text": "things go wrong, they have no recourse"}, {"start": "00:20:52", "end": "00:20:56", "text": "to get the management out, maybe"}, {"start": "00:20:55", "end": "00:20:59", "text": "contribute to the board, things like"}, {"start": "00:20:56", "end": "00:21:02", "text": "that. And I see a lot of parallels"}, {"start": "00:20:59", "end": "00:21:04", "text": "between the dots and that model."}, {"start": "00:21:02", "end": "00:21:06", "text": "And yeah, that's one reason that I that"}, {"start": "00:21:04", "end": "00:21:07", "text": "I've stayed away. And and like you can"}, {"start": "00:21:06", "end": "00:21:10", "text": "see that"}, {"start": "00:21:07", "end": "00:21:11", "text": "I do think it's encouraging that some of"}, {"start": "00:21:10", "end": "00:21:14", "text": "these companies are giving up, basically"}, {"start": "00:21:11", "end": "00:21:17", "text": "selling their coins, buying back stock."}, {"start": "00:21:14", "end": "00:21:19", "text": "You know, Mara is is kind of one quasi"}, {"start": "00:21:17", "end": "00:21:20", "text": "example, but there are other smaller cap"}, {"start": "00:21:19", "end": "00:21:22", "text": "names that are you're buying back a"}, {"start": "00:21:20", "end": "00:21:25", "text": "stock, right? I think it's really"}, {"start": "00:21:22", "end": "00:21:27", "text": "really smart. Cash. [snorts] Yes. With"}, {"start": "00:21:25", "end": "00:21:28", "text": "cash. With cash. How do you know? Forget"}, {"start": "00:21:27", "end": "00:21:28", "text": "the cash."}, {"start": "00:21:28", "end": "00:21:30", "text": ">> [laughter]"}, {"start": "00:21:28", "end": "00:21:32", "text": ">> Um"}, {"start": "00:21:30", "end": "00:21:33", "text": "But"}, {"start": "00:21:32", "end": "00:21:34", "text": "No, but but I think this is important"}, {"start": "00:21:33", "end": "00:21:35", "text": "actually."}, {"start": "00:21:34", "end": "00:21:36", "text": "Uh"}, {"start": "00:21:35", "end": "00:21:38", "text": "we have never bought a Bitcoin and then"}, {"start": "00:21:36", "end": "00:21:41", "text": "sold it. Now,"}, {"start": "00:21:38", "end": "00:21:42", "text": "does that mean that us or others will"}, {"start": "00:21:41", "end": "00:21:44", "text": "not sell the Bitcoin to fund share"}, {"start": "00:21:42", "end": "00:21:47", "text": "buybacks? Like from a pure mathematical"}, {"start": "00:21:44", "end": "00:21:50", "text": "standpoint, if you sell Bitcoin at a"}, {"start": "00:21:47", "end": "00:21:52", "text": "dollar and you buy back at 60, 70, 80"}, {"start": "00:21:50", "end": "00:21:54", "text": "cents, it is accretive to your"}, {"start": "00:21:52", "end": "00:21:56", "text": "investors, right?"}, {"start": "00:21:54", "end": "00:21:58", "text": "The one thing that"}, {"start": "00:21:56", "end": "00:22:01", "text": "I think over time I have learned in the"}, {"start": "00:21:58", "end": "00:22:03", "text": "Bitcoin world is you never know"}, {"start": "00:22:01", "end": "00:22:04", "text": "what will happen in the future. When you"}, {"start": "00:22:03", "end": "00:22:05", "text": "think it's going up, it may not. When"}, {"start": "00:22:04", "end": "00:22:08", "text": "you think it's going down, it may not,"}, {"start": "00:22:05", "end": "00:22:10", "text": "right? And so, for us in particular at"}, {"start": "00:22:08", "end": "00:22:12", "text": "Procap,"}, {"start": "00:22:10", "end": "00:22:14", "text": "when we got the convert funding at"}, {"start": "00:22:12", "end": "00:22:16", "text": "close, we did not take that and buy"}, {"start": "00:22:14", "end": "00:22:18", "text": "Bitcoin. So, we sat on a bunch of cash."}, {"start": "00:22:16", "end": "00:22:19", "text": "Now, it happens to be that that was a"}, {"start": "00:22:18", "end": "00:22:20", "text": "pretty good decision. It could have been"}, {"start": "00:22:19", "end": "00:22:22", "text": "a bad decision if Bitcoin had ripped"}, {"start": "00:22:20", "end": "00:22:25", "text": "higher and and the whole thing. And so,"}, {"start": "00:22:22", "end": "00:22:26", "text": "I do think that what you're seeing is"}, {"start": "00:22:25", "end": "00:22:28", "text": "across the industry, not just our"}, {"start": "00:22:26", "end": "00:22:30", "text": "company, but but others is like this"}, {"start": "00:22:28", "end": "00:22:33", "text": "maturation of"}, {"start": "00:22:30", "end": "00:22:37", "text": "do you always want to be 100% max"}, {"start": "00:22:33", "end": "00:22:39", "text": "risk-taking, full allocation, etc.?"}, {"start": "00:22:37", "end": "00:22:40", "text": "And look at the individual level. How"}, {"start": "00:22:39", "end": "00:22:42", "text": "many people do you and I know over the"}, {"start": "00:22:40", "end": "00:22:44", "text": "last decade that's how they lived their"}, {"start": "00:22:42", "end": "00:22:45", "text": "life. Every dollar to their name. I you"}, {"start": "00:22:44", "end": "00:22:46", "text": "know, I've got a friend who always"}, {"start": "00:22:45", "end": "00:22:48", "text": "jokes. He's like, it's like they didn't"}, {"start": "00:22:46", "end": "00:22:50", "text": "have, you know, any furniture in their"}, {"start": "00:22:48", "end": "00:22:51", "text": "house. They like slept in their car. You"}, {"start": "00:22:50", "end": "00:22:53", "text": "know, it was just like, I have to own as"}, {"start": "00:22:51", "end": "00:22:54", "text": "much Bitcoin as possible. Great when it"}, {"start": "00:22:53", "end": "00:22:56", "text": "was going up. But now as you've gotten"}, {"start": "00:22:54", "end": "00:22:57", "text": "this volatility and and these big swings"}, {"start": "00:22:56", "end": "00:22:58", "text": "and stuff,"}, {"start": "00:22:57", "end": "00:22:59", "text": "they're getting older. Maybe they have a"}, {"start": "00:22:58", "end": "00:23:01", "text": "family now. They've got some"}, {"start": "00:22:59", "end": "00:23:03", "text": "responsibilities. Like you're seeing"}, {"start": "00:23:01", "end": "00:23:06", "text": "it's not so much taking risk off, it is"}, {"start": "00:23:03", "end": "00:23:08", "text": "just a reluctance to be 100% max"}, {"start": "00:23:06", "end": "00:23:12", "text": "risk-taking with their allocation. And"}, {"start": "00:23:08", "end": "00:23:13", "text": "so, that's normal though. Yeah, like"}, {"start": "00:23:12", "end": "00:23:16", "text": "don't get me wrong. There's a I think a"}, {"start": "00:23:13", "end": "00:23:18", "text": "handful of companies that have done"}, {"start": "00:23:16", "end": "00:23:21", "text": "smart things around risk management and"}, {"start": "00:23:18", "end": "00:23:24", "text": "like Saylor um now has a couple years"}, {"start": "00:23:21", "end": "00:23:27", "text": "worth of dividends or right?"}, {"start": "00:23:24", "end": "00:23:29", "text": "Um Strive now has a 18 months worth of"}, {"start": "00:23:27", "end": "00:23:30", "text": "dividends and their preferred is back at"}, {"start": "00:23:29", "end": "00:23:33", "text": "99 cents."}, {"start": "00:23:30", "end": "00:23:35", "text": "Um so, and I you know, and I have some"}, {"start": "00:23:33", "end": "00:23:37", "text": "some some small positions in that area,"}, {"start": "00:23:35", "end": "00:23:39", "text": "but then there's other names like, \"Oh,"}, {"start": "00:23:37", "end": "00:23:41", "text": "we're going to give up our ETH strategy"}, {"start": "00:23:39", "end": "00:23:42", "text": "and pivot to jet turbines.\" Right?"}, {"start": "00:23:41", "end": "00:23:43", "text": "There's a company that's doing that. Oh,"}, {"start": "00:23:42", "end": "00:23:46", "text": "we're going to"}, {"start": "00:23:43", "end": "00:23:50", "text": "abandon our ETH strategy and or our"}, {"start": "00:23:46", "end": "00:23:52", "text": "Worldcoin strategy and pivot to um"}, {"start": "00:23:50", "end": "00:23:54", "text": "writing a check to OpenAI and getting"}, {"start": "00:23:52", "end": "00:23:57", "text": "shares. Like it's just"}, {"start": "00:23:54", "end": "00:24:00", "text": "you know, not consistent. And it's not"}, {"start": "00:23:57", "end": "00:24:02", "text": "great corporate governance. So,"}, {"start": "00:24:00", "end": "00:24:04", "text": "still a lot of weirdness in this space."}, {"start": "00:24:02", "end": "00:24:06", "text": ">> Now, let's go to the actual liquid like"}, {"start": "00:24:04", "end": "00:24:08", "text": "underlying. So, what are current views"}, {"start": "00:24:06", "end": "00:24:10", "text": "for you and internally at VanEck in"}, {"start": "00:24:08", "end": "00:24:12", "text": "terms of Bitcoin and then what about all"}, {"start": "00:24:10", "end": "00:24:15", "text": "of the alts? Yeah,"}, {"start": "00:24:12", "end": "00:24:18", "text": "on Bitcoin um"}, {"start": "00:24:15", "end": "00:24:21", "text": "the four-year cycle is keeping us from"}, {"start": "00:24:18", "end": "00:24:25", "text": "getting max bullish."}, {"start": "00:24:21", "end": "00:24:26", "text": "So, we did like in node, we added some"}, {"start": "00:24:25", "end": "00:24:29", "text": "the first time when Bitcoin was in the"}, {"start": "00:24:26", "end": "00:24:30", "text": "low 60s. Now, we're kind of getting"}, {"start": "00:24:29", "end": "00:24:32", "text": "close again. So, maybe you know, it"}, {"start": "00:24:30", "end": "00:24:34", "text": "might be time, although I'd like to wait"}, {"start": "00:24:32", "end": "00:24:37", "text": "for maybe a a lower level to turn up the"}, {"start": "00:24:34", "end": "00:24:42", "text": "dial a little bit more."}, {"start": "00:24:37", "end": "00:24:43", "text": "And the looming midterm elections, which"}, {"start": "00:24:42", "end": "00:24:46", "text": "have the potential to freak people out"}, {"start": "00:24:43", "end": "00:24:48", "text": "around data center CapEx, I think"}, {"start": "00:24:46", "end": "00:24:50", "text": "because you know, this Bernie Sanders,"}, {"start": "00:24:48", "end": "00:24:52", "text": "you know, idiocy around banning data"}, {"start": "00:24:50", "end": "00:24:53", "text": "centers and whatnot. But as it becomes"}, {"start": "00:24:52", "end": "00:24:55", "text": "clear"}, {"start": "00:24:53", "end": "00:24:57", "text": ">> food, water, exactly."}, {"start": "00:24:55", "end": "00:24:59", "text": "As it becomes clear that or if and as it"}, {"start": "00:24:57", "end": "00:25:01", "text": "becomes clear that the Republicans will"}, {"start": "00:24:59", "end": "00:25:03", "text": "lose, you know, both"}, {"start": "00:25:01", "end": "00:25:05", "text": "houses of Congress,"}, {"start": "00:25:03", "end": "00:25:07", "text": "good chance the market's going to freak"}, {"start": "00:25:05", "end": "00:25:12", "text": "out about what that means for growth and"}, {"start": "00:25:07", "end": "00:25:14", "text": "for the like pro-growth energy"}, {"start": "00:25:12", "end": "00:25:15", "text": "CapEx that's been put into place."}, {"start": "00:25:14", "end": "00:25:18", "text": "Uh"}, {"start": "00:25:15", "end": "00:25:19", "text": "On the other hand,"}, {"start": "00:25:18", "end": "00:25:22", "text": "what's happened in the derivatives"}, {"start": "00:25:19", "end": "00:25:24", "text": "market for Bitcoin leaves me much more"}, {"start": "00:25:22", "end": "00:25:27", "text": "bullish. So, you know, if you look at"}, {"start": "00:25:24", "end": "00:25:28", "text": "what you have to pay for puts versus"}, {"start": "00:25:27", "end": "00:25:30", "text": "calls,"}, {"start": "00:25:28", "end": "00:25:33", "text": "it's like we're in the 99th percentile"}, {"start": "00:25:30", "end": "00:25:36", "text": "here of folks paying up for protection."}, {"start": "00:25:33", "end": "00:25:39", "text": "That's a contrarian long signal."}, {"start": "00:25:36", "end": "00:25:42", "text": "Um another thing that's happened is the"}, {"start": "00:25:39", "end": "00:25:44", "text": "the OG selling the"}, {"start": "00:25:42", "end": "00:25:46", "text": "the coins that are kind of three to five"}, {"start": "00:25:44", "end": "00:25:48", "text": "years old that haven't moved in three to"}, {"start": "00:25:46", "end": "00:25:50", "text": "five years."}, {"start": "00:25:48", "end": "00:25:54", "text": "We started to see those move"}, {"start": "00:25:50", "end": "00:25:55", "text": "a lot in Q4 and into Q1 of this year."}, {"start": "00:25:54", "end": "00:25:57", "text": "So, it's folks who looks like they"}, {"start": "00:25:55", "end": "00:25:59", "text": "bought the cycle well and you know,"}, {"start": "00:25:57", "end": "00:26:04", "text": "they're taking profits. Some of that"}, {"start": "00:25:59", "end": "00:26:06", "text": "selling has eased up in recent weeks."}, {"start": "00:26:04", "end": "00:26:08", "text": "Now, Mara is a counter example to that"}, {"start": "00:26:06", "end": "00:26:09", "text": "and I think Mara will still be a seller"}, {"start": "00:26:08", "end": "00:26:11", "text": "and the Bitcoin miners will still be a"}, {"start": "00:26:09", "end": "00:26:14", "text": "seller, but a lot of that OG selling"}, {"start": "00:26:11", "end": "00:26:16", "text": "seems to have washed through."}, {"start": "00:26:14", "end": "00:26:17", "text": "So, I'm I'm like I'm still, you know,"}, {"start": "00:26:16", "end": "00:26:21", "text": "we're still bullish, but we haven't"}, {"start": "00:26:17", "end": "00:26:21", "text": "added maybe as much as you might expect"}, {"start": "00:26:21", "end": "00:26:23", "text": ">> [snorts]"}, {"start": "00:26:21", "end": "00:26:25", "text": ">> given that kind of respect the cycle,"}, {"start": "00:26:23", "end": "00:26:26", "text": "respect the four-year cycle. What about"}, {"start": "00:26:25", "end": "00:26:28", "text": "alts?"}, {"start": "00:26:26", "end": "00:26:30", "text": "Alts"}, {"start": "00:26:28", "end": "00:26:34", "text": "we're"}, {"start": "00:26:30", "end": "00:26:36", "text": "we have very little. Um and part of that"}, {"start": "00:26:34", "end": "00:26:40", "text": "was after the election when alts"}, {"start": "00:26:36", "end": "00:26:41", "text": "doubled, but app usage did not. Uh in"}, {"start": "00:26:40", "end": "00:26:43", "text": "the hedge fund"}, {"start": "00:26:41", "end": "00:26:46", "text": "uh you know, my colleague Pranav took"}, {"start": "00:26:43", "end": "00:26:48", "text": "down almost all of his alts exposure and"}, {"start": "00:26:46", "end": "00:26:51", "text": "moved into equities. In node, we're less"}, {"start": "00:26:48", "end": "00:26:53", "text": "than 5% alts, right? That's how we've"}, {"start": "00:26:51", "end": "00:26:56", "text": "outperformed Bitcoin so much focusing on"}, {"start": "00:26:53", "end": "00:26:58", "text": "the on the Bitcoin miners. Um"}, {"start": "00:26:56", "end": "00:27:00", "text": "So,"}, {"start": "00:26:58", "end": "00:27:02", "text": "and we haven't really released many new"}, {"start": "00:27:00", "end": "00:27:04", "text": "ETFs either, right? So, we have"}, {"start": "00:27:02", "end": "00:27:07", "text": "Avalanche that we launched and we have"}, {"start": "00:27:04", "end": "00:27:09", "text": "BNB, which is in the pipeline and"}, {"start": "00:27:07", "end": "00:27:11", "text": "hopefully that'll be by the end of the"}, {"start": "00:27:09", "end": "00:27:13", "text": "year. But this is this is the year of"}, {"start": "00:27:11", "end": "00:27:15", "text": "corp chains and I know a lot of people"}, {"start": "00:27:13", "end": "00:27:16", "text": "want to hate on that because we went"}, {"start": "00:27:15", "end": "00:27:18", "text": "through a couple cycles where people"}, {"start": "00:27:16", "end": "00:27:20", "text": "tried with these corporate chains and"}, {"start": "00:27:18", "end": "00:27:21", "text": "didn't fail, but I think the third time"}, {"start": "00:27:20", "end": "00:27:22", "text": "is the charm."}, {"start": "00:27:21", "end": "00:27:24", "text": ">> What What is a corporate chain exactly?"}, {"start": "00:27:22", "end": "00:27:29", "text": ">> Corporate chain is when a company like"}, {"start": "00:27:24", "end": "00:27:32", "text": "Circle, who manages the USDC stablecoin,"}, {"start": "00:27:29", "end": "00:27:34", "text": "they also have an internal blockchain"}, {"start": "00:27:32", "end": "00:27:36", "text": "called Arc. And so, they're trying to"}, {"start": "00:27:34", "end": "00:27:39", "text": "capture some of the payment flow that"}, {"start": "00:27:36", "end": "00:27:41", "text": "might go otherwise go over the ACH or"}, {"start": "00:27:39", "end": "00:27:43", "text": "the banking wires."}, {"start": "00:27:41", "end": "00:27:45", "text": "Stripe has a corp chain"}, {"start": "00:27:43", "end": "00:27:48", "text": "that they're"}, {"start": "00:27:45", "end": "00:27:51", "text": "working on. You've got Tempo."}, {"start": "00:27:48", "end": "00:27:52", "text": "So, it's it's basically these Canton,"}, {"start": "00:27:51", "end": "00:27:54", "text": "another one."}, {"start": "00:27:52", "end": "00:27:57", "text": "These quasi"}, {"start": "00:27:54", "end": "00:28:01", "text": "public blockchains where the administer"}, {"start": "00:27:57", "end": "00:28:01", "text": "can control"}, {"start": "00:28:01", "end": "00:28:05", "text": "part of the validator set of the"}, {"start": "00:28:03", "end": "00:28:06", "text": "profits."}, {"start": "00:28:05", "end": "00:28:07", "text": "Uh"}, {"start": "00:28:06", "end": "00:28:09", "text": "But if you like"}, {"start": "00:28:07", "end": "00:28:11", "text": "the the fees are more predictable for"}, {"start": "00:28:09", "end": "00:28:13", "text": "the end user."}, {"start": "00:28:11", "end": "00:28:15", "text": "Um they are integrated into the"}, {"start": "00:28:13", "end": "00:28:17", "text": "regulatory"}, {"start": "00:28:15", "end": "00:28:20", "text": "rules and requirements."}, {"start": "00:28:17", "end": "00:28:22", "text": "Yeah, the the biggest tailwind for the"}, {"start": "00:28:20", "end": "00:28:23", "text": "corp chains is that"}, {"start": "00:28:22", "end": "00:28:26", "text": "eight different crypto companies have"}, {"start": "00:28:23", "end": "00:28:28", "text": "gotten banking charters this year. Uh"}, {"start": "00:28:26", "end": "00:28:30", "text": "Why is that a tailwind?"}, {"start": "00:28:28", "end": "00:28:32", "text": "Because they can on-ramp and off-ramp"}, {"start": "00:28:30", "end": "00:28:35", "text": "much more"}, {"start": "00:28:32", "end": "00:28:38", "text": "with much less friction than"}, {"start": "00:28:35", "end": "00:28:41", "text": "working on Ethereum. Uh I think that's"}, {"start": "00:28:38", "end": "00:28:43", "text": "really the the unlock is that when when"}, {"start": "00:28:41", "end": "00:28:46", "text": "you have a banking charter,"}, {"start": "00:28:43", "end": "00:28:47", "text": "you can access a Fed master account."}, {"start": "00:28:46", "end": "00:28:50", "text": "You don't need to rely on a"}, {"start": "00:28:47", "end": "00:28:53", "text": "correspondent bank in order to get your"}, {"start": "00:28:50", "end": "00:28:54", "text": "clients on and off between fiat and"}, {"start": "00:28:53", "end": "00:28:56", "text": "crypto."}, {"start": "00:28:54", "end": "00:28:58", "text": "You're really integrated into the"}, {"start": "00:28:56", "end": "00:29:02", "text": "financial system in a way that we've"}, {"start": "00:28:58", "end": "00:29:03", "text": "never had before. And I mentioned that"}, {"start": "00:29:02", "end": "00:29:06", "text": "there's eight companies that have"}, {"start": "00:29:03", "end": "00:29:08", "text": "received these special purpose banking"}, {"start": "00:29:06", "end": "00:29:10", "text": "charters. There's another half dozen or"}, {"start": "00:29:08", "end": "00:29:11", "text": "so that are pending, Coinbase among"}, {"start": "00:29:10", "end": "00:29:13", "text": "them."}, {"start": "00:29:11", "end": "00:29:15", "text": "That we think is really going to put"}, {"start": "00:29:13", "end": "00:29:18", "text": "some of these"}, {"start": "00:29:15", "end": "00:29:21", "text": "stablecoins on a more equal footing with"}, {"start": "00:29:18", "end": "00:29:24", "text": "traditional bank rails."}, {"start": "00:29:21", "end": "00:29:25", "text": "And it's the it's the companies that"}, {"start": "00:29:24", "end": "00:29:27", "text": "administer those corp chains. They're in"}, {"start": "00:29:25", "end": "00:29:29", "text": "it for their own profits. And like,"}, {"start": "00:29:27", "end": "00:29:30", "text": "yeah, they need to provide a better"}, {"start": "00:29:29", "end": "00:29:33", "text": "product to the market so that their"}, {"start": "00:29:30", "end": "00:29:36", "text": "customers can move money cheaper,"}, {"start": "00:29:33", "end": "00:29:37", "text": "faster, on weekends. Uh"}, {"start": "00:29:36", "end": "00:29:40", "text": "Move back and forth between tokenized"}, {"start": "00:29:37", "end": "00:29:42", "text": "cash and tokenized T-bills, right? If"}, {"start": "00:29:40", "end": "00:29:44", "text": "you can do that on the weekend, that's a"}, {"start": "00:29:42", "end": "00:29:45", "text": "big unlock. And if you can do that"}, {"start": "00:29:44", "end": "00:29:49", "text": "without going through a corresponding"}, {"start": "00:29:45", "end": "00:29:50", "text": "bank, that's a big unlock. Uh and it's,"}, {"start": "00:29:49", "end": "00:29:53", "text": "you know, it Ethereum doesn't have a"}, {"start": "00:29:50", "end": "00:29:53", "text": "banking charter, right? So,"}, {"start": "00:29:53", "end": "00:29:56", "text": "um"}, {"start": "00:29:53", "end": "00:29:58", "text": "yeah, we're we're we're still"}, {"start": "00:29:56", "end": "00:30:01", "text": "underweight alts. I I think if Clarity"}, {"start": "00:29:58", "end": "00:30:04", "text": "Act can pass, there's a possibility for"}, {"start": "00:30:01", "end": "00:30:05", "text": "a big mean reversion trade there."}, {"start": "00:30:04", "end": "00:30:07", "text": "Uh and you know, we'll capture a little"}, {"start": "00:30:05", "end": "00:30:10", "text": "bit of that cuz I'm not I'm not I don't"}, {"start": "00:30:07", "end": "00:30:11", "text": "have zero. Uh but I want to see"}, {"start": "00:30:10", "end": "00:30:15", "text": "um"}, {"start": "00:30:11", "end": "00:30:17", "text": "user growth and apps going viral and uh"}, {"start": "00:30:15", "end": "00:30:19", "text": "institutions"}, {"start": "00:30:17", "end": "00:30:21", "text": "actually buying and operating on"}, {"start": "00:30:19", "end": "00:30:23", "text": "permissionless chains in order to get"}, {"start": "00:30:21", "end": "00:30:26", "text": "excited about the fundamentals. Because"}, {"start": "00:30:23", "end": "00:30:29", "text": "the market caps are still really high,"}, {"start": "00:30:26", "end": "00:30:31", "text": "you know, for kind of these L1s. And"}, {"start": "00:30:29", "end": "00:30:33", "text": "they've got new competition now from"}, {"start": "00:30:31", "end": "00:30:35", "text": "from corp chains."}, {"start": "00:30:33", "end": "00:30:36", "text": "Um you also have Figure uh Technologies."}, {"start": "00:30:35", "end": "00:30:38", "text": "I've been an investor for a long time."}, {"start": "00:30:36", "end": "00:30:39", "text": "It seems like you guys are somewhat"}, {"start": "00:30:38", "end": "00:30:41", "text": "excited about that. What what's going on"}, {"start": "00:30:39", "end": "00:30:44", "text": "there? Yeah, uh"}, {"start": "00:30:41", "end": "00:30:46", "text": "I think Figure's the best example of a"}, {"start": "00:30:44", "end": "00:30:47", "text": "company that is bringing"}, {"start": "00:30:46", "end": "00:30:50", "text": "um"}, {"start": "00:30:47", "end": "00:30:54", "text": "blockchain benefits to"}, {"start": "00:30:50", "end": "00:30:56", "text": "uh a traditional securitization market."}, {"start": "00:30:54", "end": "00:30:57", "text": "Uh so, what they what they've figured"}, {"start": "00:30:56", "end": "00:31:00", "text": "out is"}, {"start": "00:30:57", "end": "00:31:04", "text": "how can how can you originate a home"}, {"start": "00:31:00", "end": "00:31:06", "text": "equity line of credit faster and cheaper"}, {"start": "00:31:04", "end": "00:31:09", "text": "than the competition? And it turns out"}, {"start": "00:31:06", "end": "00:31:11", "text": "that when you use an open-source ledger"}, {"start": "00:31:09", "end": "00:31:15", "text": "like the Provenance blockchain,"}, {"start": "00:31:11", "end": "00:31:17", "text": "uh and you get the buy-in from all the"}, {"start": "00:31:15", "end": "00:31:21", "text": "banks who are used to transacting in"}, {"start": "00:31:17", "end": "00:31:23", "text": "these securitized loans, and you get the"}, {"start": "00:31:21", "end": "00:31:24", "text": "buy-in from the auditor,"}, {"start": "00:31:23", "end": "00:31:28", "text": "uh and in in the case of Figure, the"}, {"start": "00:31:24", "end": "00:31:32", "text": "auditor says, \"Wow, like this is"}, {"start": "00:31:28", "end": "00:31:34", "text": "uh so transparent that the information"}, {"start": "00:31:32", "end": "00:31:36", "text": "that you have to"}, {"start": "00:31:34", "end": "00:31:38", "text": "input to register your loan on the"}, {"start": "00:31:36", "end": "00:31:40", "text": "blockchain,"}, {"start": "00:31:38", "end": "00:31:41", "text": "we actually need less of it because it's"}, {"start": "00:31:40", "end": "00:31:43", "text": "all super transparent. And so, their"}, {"start": "00:31:41", "end": "00:31:46", "text": "cost to originate a loan is just much"}, {"start": "00:31:43", "end": "00:31:48", "text": "lower than the competition, and that"}, {"start": "00:31:46", "end": "00:31:50", "text": "creates a really interesting flywheel."}, {"start": "00:31:48", "end": "00:31:53", "text": "So, they started out with HELOCs."}, {"start": "00:31:50", "end": "00:31:53", "text": "They're now moving into auto loans."}, {"start": "00:31:53", "end": "00:31:56", "text": "They have [clears throat] a"}, {"start": "00:31:53", "end": "00:31:58", "text": "yield-bearing stablecoin wYLD, which is"}, {"start": "00:31:56", "end": "00:32:01", "text": "a security, so it doesn't have this"}, {"start": "00:31:58", "end": "00:32:03", "text": "regulatory risk that um"}, {"start": "00:32:01", "end": "00:32:05", "text": "you know, USDC kind of has via its"}, {"start": "00:32:03", "end": "00:32:07", "text": "partnership with Coinbase. And can you"}, {"start": "00:32:05", "end": "00:32:09", "text": "or can you not pass the yield on it? In"}, {"start": "00:32:07", "end": "00:32:12", "text": "case of wYLD, yes, you can pass the"}, {"start": "00:32:09", "end": "00:32:13", "text": "yield on, but it's a security, so"}, {"start": "00:32:12", "end": "00:32:15", "text": "you know, all of those regulations"}, {"start": "00:32:13", "end": "00:32:16", "text": "apply."}, {"start": "00:32:15", "end": "00:32:19", "text": "Uh and and that creates a really"}, {"start": "00:32:16", "end": "00:32:24", "text": "interesting ecosystem for the banks uh"}, {"start": "00:32:19", "end": "00:32:26", "text": "to keep their balances on chain. Uh uh"}, {"start": "00:32:24", "end": "00:32:27", "text": "so, Figure, you know, I guess there was"}, {"start": "00:32:26", "end": "00:32:29", "text": "some"}, {"start": "00:32:27", "end": "00:32:31", "text": "controversy cuz they reported you know,"}, {"start": "00:32:29", "end": "00:32:33", "text": "I guess a weak quarter last quarter."}, {"start": "00:32:31", "end": "00:32:35", "text": "When we dug into the numbers, uh we"}, {"start": "00:32:33", "end": "00:32:38", "text": "thought it was actually really strong."}, {"start": "00:32:35", "end": "00:32:40", "text": "Uh so, we doubled down on that stock uh"}, {"start": "00:32:38", "end": "00:32:42", "text": "you know, at the lows or hopefully they"}, {"start": "00:32:40", "end": "00:32:44", "text": "were the lows. Uh and it's now a"}, {"start": "00:32:42", "end": "00:32:45", "text": "top five position in the fund, so that's"}, {"start": "00:32:44", "end": "00:32:48", "text": "a big change over the last couple"}, {"start": "00:32:45", "end": "00:32:51", "text": "months. What about companies like um"}, {"start": "00:32:48", "end": "00:32:53", "text": "eToro or uh Securitize is now going"}, {"start": "00:32:51", "end": "00:32:55", "text": "Abra, right? There's a bunch of these"}, {"start": "00:32:53", "end": "00:32:56", "text": "companies that are equities that maybe"}, {"start": "00:32:55", "end": "00:32:58", "text": "they've been around a long time or maybe"}, {"start": "00:32:56", "end": "00:32:59", "text": "they're kind of of the the newer cohort"}, {"start": "00:32:58", "end": "00:33:01", "text": "that are going public. What's your like"}, {"start": "00:32:59", "end": "00:33:02", "text": "evaluation as to the ones that get"}, {"start": "00:33:01", "end": "00:33:04", "text": "excited? Obviously, you can't buy"}, {"start": "00:33:02", "end": "00:33:06", "text": "everyone, right? So, how do you start to"}, {"start": "00:33:04", "end": "00:33:07", "text": "think about that? Is it pure like equity"}, {"start": "00:33:06", "end": "00:33:09", "text": "analysis that you would do for a normal"}, {"start": "00:33:07", "end": "00:33:11", "text": "company or is there some other heuristic"}, {"start": "00:33:09", "end": "00:33:12", "text": "that you use? Yeah, uh"}, {"start": "00:33:11", "end": "00:33:15", "text": "it's"}, {"start": "00:33:12", "end": "00:33:18", "text": "pretty standard equity analysis uh"}, {"start": "00:33:15", "end": "00:33:22", "text": "trying to make sense if"}, {"start": "00:33:18", "end": "00:33:24", "text": "the price of the stock is justified by"}, {"start": "00:33:22", "end": "00:33:26", "text": "the fundamentals and is it pricing in"}, {"start": "00:33:24", "end": "00:33:28", "text": "the growth uh that we think is possible?"}, {"start": "00:33:26", "end": "00:33:31", "text": "And then how much can crypto and"}, {"start": "00:33:28", "end": "00:33:34", "text": "blockchain add to that growth? And is"}, {"start": "00:33:31", "end": "00:33:36", "text": "the market paying for it? Uh so, I think"}, {"start": "00:33:34", "end": "00:33:38", "text": "like Robinhood would be the best example"}, {"start": "00:33:36", "end": "00:33:41", "text": "of a company and they are also going to"}, {"start": "00:33:38", "end": "00:33:43", "text": "have a corp chain. Uh it's in it's not"}, {"start": "00:33:41", "end": "00:33:45", "text": "hasn't been um it's not released on"}, {"start": "00:33:43", "end": "00:33:48", "text": "mainnet yet, but uh you should be able"}, {"start": "00:33:45", "end": "00:33:50", "text": "to trade tokenized securities on their"}, {"start": "00:33:48", "end": "00:33:51", "text": "blockchain over the next couple"}, {"start": "00:33:50", "end": "00:33:53", "text": "quarters."}, {"start": "00:33:51", "end": "00:33:55", "text": "Um so, we I've had a position in the"}, {"start": "00:33:53", "end": "00:33:55", "text": "stock, but"}, {"start": "00:33:55", "end": "00:33:58", "text": "uh"}, {"start": "00:33:55", "end": "00:33:59", "text": "it's smaller than it's ever been. And I"}, {"start": "00:33:58", "end": "00:34:03", "text": "think, you know, part of the reason is"}, {"start": "00:33:59", "end": "00:34:05", "text": "just the competition is so fierce. And"}, {"start": "00:34:03", "end": "00:34:07", "text": "if you believe that blockchain is going"}, {"start": "00:34:05", "end": "00:34:10", "text": "to bring down costs"}, {"start": "00:34:07", "end": "00:34:12", "text": "um and create less friction for moving"}, {"start": "00:34:10", "end": "00:34:15", "text": "balances around, then the customer"}, {"start": "00:34:12", "end": "00:34:18", "text": "loyalty may actually maybe not be as"}, {"start": "00:34:15", "end": "00:34:21", "text": "high as people think. And the economics"}, {"start": "00:34:18", "end": "00:34:24", "text": "may get compressed through competition."}, {"start": "00:34:21", "end": "00:34:26", "text": "So, I I saw new There's news today that"}, {"start": "00:34:24", "end": "00:34:29", "text": "Interactive Brokers, uh which is another"}, {"start": "00:34:26", "end": "00:34:31", "text": "name that that we own, um you can now"}, {"start": "00:34:29", "end": "00:34:33", "text": "send crypto to your Interactive Brokers"}, {"start": "00:34:31", "end": "00:34:37", "text": "account. That's a first for them. And"}, {"start": "00:34:33", "end": "00:34:40", "text": "then their fees are 12 bips on trades."}, {"start": "00:34:37", "end": "00:34:42", "text": "Pretty attractive. Uh Coinbase takes"}, {"start": "00:34:40", "end": "00:34:45", "text": "more than a percent on each way on"}, {"start": "00:34:42", "end": "00:34:47", "text": "retail naive retail buys and sells."}, {"start": "00:34:45", "end": "00:34:48", "text": "Uh so, it it tells me that there's"}, {"start": "00:34:47", "end": "00:34:49", "text": "pricing pressure here."}, {"start": "00:34:48", "end": "00:34:51", "text": "Um"}, {"start": "00:34:49", "end": "00:34:54", "text": "there was uh"}, {"start": "00:34:51", "end": "00:34:57", "text": "uh crypto wallets like Phantom, which"}, {"start": "00:34:54", "end": "00:34:59", "text": "got a no-action letter from the SEC last"}, {"start": "00:34:57", "end": "00:35:01", "text": "week to be able to offer"}, {"start": "00:34:59", "end": "00:35:04", "text": "uh derivatives straight from the wallet"}, {"start": "00:35:01", "end": "00:35:07", "text": "without registering as a broker."}, {"start": "00:35:04", "end": "00:35:09", "text": "That could be a headwind for brokers"}, {"start": "00:35:07", "end": "00:35:09", "text": "like Robinhood"}, {"start": "00:35:09", "end": "00:35:12", "text": "um"}, {"start": "00:35:09", "end": "00:35:14", "text": "because it's a lower regulatory burden"}, {"start": "00:35:12", "end": "00:35:18", "text": "for Phantom to enter this market at low"}, {"start": "00:35:14", "end": "00:35:20", "text": "fees. Uh so, I I've been trimming"}, {"start": "00:35:18", "end": "00:35:22", "text": "uh some brokers and, you know, buying"}, {"start": "00:35:20", "end": "00:35:23", "text": "other stuff. What about Hype? It seems"}, {"start": "00:35:22", "end": "00:35:25", "text": "to be getting a lot of hype, no pun"}, {"start": "00:35:23", "end": "00:35:27", "text": "intended, online. What what uh what is"}, {"start": "00:35:25", "end": "00:35:28", "text": "your thoughts there?"}, {"start": "00:35:27", "end": "00:35:30", "text": "We like Hype."}, {"start": "00:35:28", "end": "00:35:34", "text": "Uh"}, {"start": "00:35:30", "end": "00:35:36", "text": "clearly have proved that there is demand"}, {"start": "00:35:34", "end": "00:35:40", "text": "for"}, {"start": "00:35:36", "end": "00:35:43", "text": "365 24/7 derivatives on crypto rails."}, {"start": "00:35:40", "end": "00:35:46", "text": "They've done a great job of onboarding,"}, {"start": "00:35:43", "end": "00:35:48", "text": "you know, real-world assets. Uh the oil"}, {"start": "00:35:46", "end": "00:35:51", "text": "and precious metals volumes are"}, {"start": "00:35:48", "end": "00:35:54", "text": "considerable. Uh it's the best way to"}, {"start": "00:35:51", "end": "00:35:57", "text": "express macro view macro multi-asset"}, {"start": "00:35:54", "end": "00:36:00", "text": "views on the weekend. Uh they have a a"}, {"start": "00:35:57", "end": "00:36:03", "text": "buyback, which is considerable."}, {"start": "00:36:00", "end": "00:36:06", "text": "And the valuation"}, {"start": "00:36:03", "end": "00:36:08", "text": "based on that buyback math looks pretty"}, {"start": "00:36:06", "end": "00:36:10", "text": "reasonable. So,"}, {"start": "00:36:08", "end": "00:36:13", "text": "there's one example where there is no"}, {"start": "00:36:10", "end": "00:36:16", "text": "Hype ETF. Uh so, I had to buy a dat in"}, {"start": "00:36:13", "end": "00:36:19", "text": "the uh in the fund. Um very small"}, {"start": "00:36:16", "end": "00:36:21", "text": "position given the volatility. Uh but I"}, {"start": "00:36:19", "end": "00:36:23", "text": "I think that's one that's uh you know,"}, {"start": "00:36:21", "end": "00:36:24", "text": "worth looking at. Got it. Um"}, {"start": "00:36:23", "end": "00:36:27", "text": "is there anything that you're worried"}, {"start": "00:36:24", "end": "00:36:30", "text": "about in 2026?"}, {"start": "00:36:27", "end": "00:36:31", "text": "Uh yeah, I mean, I'm I'm worried about"}, {"start": "00:36:30", "end": "00:36:35", "text": "uh"}, {"start": "00:36:31", "end": "00:36:37", "text": "Mag 7 not earning a return on their"}, {"start": "00:36:35", "end": "00:36:39", "text": "enormous capex. And when you look at"}, {"start": "00:36:37", "end": "00:36:41", "text": "companies that go through enormous"}, {"start": "00:36:39", "end": "00:36:43", "text": "investment cycles,"}, {"start": "00:36:41", "end": "00:36:46", "text": "uh tends to be a tough time for the"}, {"start": "00:36:43", "end": "00:36:49", "text": "stock because you only learn later what"}, {"start": "00:36:46", "end": "00:36:52", "text": "the return on capital is."}, {"start": "00:36:49", "end": "00:36:54", "text": "Uh and with the concentration of these"}, {"start": "00:36:52", "end": "00:36:56", "text": "companies in the S&P, if they're not"}, {"start": "00:36:54", "end": "00:36:57", "text": "earning a return, you know, that's going"}, {"start": "00:36:56", "end": "00:37:00", "text": "to be a a real headwind for the market."}, {"start": "00:36:57", "end": "00:37:02", "text": "I Like we we were debating this um"}, {"start": "00:37:00", "end": "00:37:06", "text": "the other day. Like Microsoft has been a"}, {"start": "00:37:02", "end": "00:37:08", "text": "total dog, right, year-to-date. Uh it it"}, {"start": "00:37:06", "end": "00:37:09", "text": "it it it's now as cheap as it's ever"}, {"start": "00:37:08", "end": "00:37:10", "text": "been"}, {"start": "00:37:09", "end": "00:37:12", "text": "uh"}, {"start": "00:37:10", "end": "00:37:16", "text": "on P/E."}, {"start": "00:37:12", "end": "00:37:19", "text": "And uh like why is that? Part of it is"}, {"start": "00:37:16", "end": "00:37:20", "text": "because the Office franchise. Like do we"}, {"start": "00:37:19", "end": "00:37:22", "text": "really need PowerPoint if"}, {"start": "00:37:20", "end": "00:37:24", "text": "Claude can make me a deck, right? So,"}, {"start": "00:37:22", "end": "00:37:26", "text": "the Office franchise might be might be"}, {"start": "00:37:24", "end": "00:37:27", "text": "threatened. But also, they haven't done"}, {"start": "00:37:26", "end": "00:37:29", "text": "big layoffs."}, {"start": "00:37:27", "end": "00:37:31", "text": "Uh and actually, Elizabeth Warren wrote"}, {"start": "00:37:29", "end": "00:37:34", "text": "them a strongly worded letter like"}, {"start": "00:37:31", "end": "00:37:36", "text": "warning them not to do layoffs. So,"}, {"start": "00:37:34", "end": "00:37:37", "text": "there's political pressure. When you're"}, {"start": "00:37:36", "end": "00:37:39", "text": "multi-trillion-dollar companies have,"}, {"start": "00:37:37", "end": "00:37:41", "text": "there's political pressure for them to"}, {"start": "00:37:39", "end": "00:37:43", "text": "maybe not be as aggressive on headcount"}, {"start": "00:37:41", "end": "00:37:44", "text": "as they otherwise would be. You can also"}, {"start": "00:37:43", "end": "00:37:47", "text": "see this in the way that the"}, {"start": "00:37:44", "end": "00:37:50", "text": "hyperscalers are approaching the"}, {"start": "00:37:47", "end": "00:37:52", "text": "electricity market. Like they want to be"}, {"start": "00:37:50", "end": "00:37:53", "text": "obfuscated from the CO2 emissions. And"}, {"start": "00:37:52", "end": "00:37:55", "text": "so, that that's one reason why the"}, {"start": "00:37:53", "end": "00:37:57", "text": "Bitcoin miners are actually really handy"}, {"start": "00:37:55", "end": "00:38:00", "text": "is cuz they can serve as that punching"}, {"start": "00:37:57", "end": "00:38:02", "text": "bag to absorb the negative entropy from"}, {"start": "00:38:00", "end": "00:38:04", "text": "the climate uh folks."}, {"start": "00:38:02", "end": "00:38:06", "text": "And I think it's this similar dynamic"}, {"start": "00:38:04", "end": "00:38:08", "text": "when it comes to to headcount reductions"}, {"start": "00:38:06", "end": "00:38:11", "text": "where they have these political"}, {"start": "00:38:08", "end": "00:38:14", "text": "uh considerations, and"}, {"start": "00:38:11", "end": "00:38:17", "text": "that's going to that I think"}, {"start": "00:38:14", "end": "00:38:19", "text": "changing minds on the return on capital"}, {"start": "00:38:17", "end": "00:38:21", "text": "around AI, that would change the whole"}, {"start": "00:38:19", "end": "00:38:23", "text": "market. Mhm."}, {"start": "00:38:21", "end": "00:38:24", "text": "Where can people go find the research"}, {"start": "00:38:23", "end": "00:38:25", "text": "you guys put out? I know you guys are"}, {"start": "00:38:24", "end": "00:38:27", "text": "coming out with this corporate chain"}, {"start": "00:38:25", "end": "00:38:30", "text": "research piece. What what where else can"}, {"start": "00:38:27", "end": "00:38:32", "text": "they go? Yeah, uh follow me on X uh"}, {"start": "00:38:30", "end": "00:38:35", "text": "Matthew_Siegel"}, {"start": "00:38:32", "end": "00:38:35", "text": "or vaneck.com/node."}, {"start": "00:38:35", "end": "00:38:38", "text": "Uh all of our research is out there. Got"}, {"start": "00:38:37", "end": "00:38:40", "text": "it. And when you think of node, like"}, {"start": "00:38:38", "end": "00:38:41", "text": "what's like the one sentence, \"Hey, this"}, {"start": "00:38:40", "end": "00:38:43", "text": "is, you know, the the strategy.\" I'm a"}, {"start": "00:38:41", "end": "00:38:45", "text": "shareholder, by the way. I think I told"}, {"start": "00:38:43", "end": "00:38:47", "text": "you this. Yes. Um what what what's kind"}, {"start": "00:38:45", "end": "00:38:49", "text": "of the general way that you uh you"}, {"start": "00:38:47", "end": "00:38:51", "text": "explain it? Uh well, we're we're trying"}, {"start": "00:38:49", "end": "00:38:54", "text": "to beat Bitcoin"}, {"start": "00:38:51", "end": "00:38:57", "text": "uh without taking too much risk. So, you"}, {"start": "00:38:54", "end": "00:38:59", "text": "know, we're up 27% versus Bitcoin down"}, {"start": "00:38:57", "end": "00:39:02", "text": "33% since inception. We've done that"}, {"start": "00:38:59", "end": "00:39:05", "text": "with a lower volatility than Bitcoin."}, {"start": "00:39:02", "end": "00:39:08", "text": "So, we want to be super diversified,"}, {"start": "00:39:05", "end": "00:39:10", "text": "uh relatively small position sizes"}, {"start": "00:39:08", "end": "00:39:12", "text": "across all sectors that capture the"}, {"start": "00:39:10", "end": "00:39:14", "text": "growth in the space uh with a focus on"}, {"start": "00:39:12", "end": "00:39:14", "text": "profits."}, {"start": "00:39:14", "end": "00:39:16", "text": "Mhm."}, {"start": "00:39:14", "end": "00:39:18", "text": "Well, that's uh you know, some"}, {"start": "00:39:16", "end": "00:39:19", "text": "businesses that's a uh a blasphemous"}, {"start": "00:39:18", "end": "00:39:20", "text": "take is profits."}, {"start": "00:39:19", "end": "00:39:21", "text": ">> [laughter]"}, {"start": "00:39:20", "end": "00:39:22", "text": ">> All right. Thank you very much for"}, {"start": "00:39:21", "end": "00:39:24", "text": "taking time to do this. We'll do it"}, {"start": "00:39:22", "end": "00:39:24", "text": "again. Thanks."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "So the bottom line for everybody"}, {"start": "00:00:01", "end": "00:00:06", "text": "watching us right now in that kind of"}, {"start": "00:00:03", "end": "00:00:10", "text": "higher interest rate regime, companies"}, {"start": "00:00:06", "end": "00:00:12", "text": "that control assets are worth more. Uh"}, {"start": "00:00:10", "end": "00:00:14", "text": "whereas software companies and companies"}, {"start": "00:00:12", "end": "00:00:16", "text": "that control intellectual property, the"}, {"start": "00:00:14", "end": "00:00:18", "text": "Netflix of the world, all the software"}, {"start": "00:00:16", "end": "00:00:19", "text": "companies in that new inflation regime,"}, {"start": "00:00:18", "end": "00:00:20", "text": "those companies are worth less. What's"}, {"start": "00:00:19", "end": "00:00:22", "text": "going on guys? Today we've got a very"}, {"start": "00:00:20", "end": "00:00:23", "text": "special treat. I've got Larry McDonald."}, {"start": "00:00:22", "end": "00:00:25", "text": "He's a New York Times bestselling author"}, {"start": "00:00:23", "end": "00:00:27", "text": "and he is the founder of the Bear Traps"}, {"start": "00:00:25", "end": "00:00:28", "text": "Report. In this conversation, he is"}, {"start": "00:00:27", "end": "00:00:30", "text": "going to walk through his view of what's"}, {"start": "00:00:28", "end": "00:00:31", "text": "happening in financial markets and"}, {"start": "00:00:30", "end": "00:00:33", "text": "various assets. And I think it is going"}, {"start": "00:00:31", "end": "00:00:34", "text": "to be eye- openening for all of you. We"}, {"start": "00:00:33", "end": "00:00:36", "text": "touch on why he thinks that we're going"}, {"start": "00:00:34", "end": "00:00:37", "text": "from a software and financialized world"}, {"start": "00:00:36", "end": "00:00:40", "text": "to something that needs many more hard"}, {"start": "00:00:37", "end": "00:00:41", "text": "assets in your portfolio. He recently"}, {"start": "00:00:40", "end": "00:00:43", "text": "just put Bitcoin into their portfolio"}, {"start": "00:00:41", "end": "00:00:45", "text": "for the first time and he explains why."}, {"start": "00:00:43", "end": "00:00:47", "text": "We talk about dollar dominance, the"}, {"start": "00:00:45", "end": "00:00:48", "text": "competition between deflation and"}, {"start": "00:00:47", "end": "00:00:50", "text": "inflation moving forward, what's going"}, {"start": "00:00:48", "end": "00:00:51", "text": "on on the geopolitical stage, and then"}, {"start": "00:00:50", "end": "00:00:53", "text": "we even get into some of the lessons"}, {"start": "00:00:51", "end": "00:00:54", "text": "that he's learned from some of the great"}, {"start": "00:00:53", "end": "00:00:56", "text": "investors throughout history. This"}, {"start": "00:00:54", "end": "00:00:58", "text": "conversation again made me think more"}, {"start": "00:00:56", "end": "00:00:59", "text": "critically about my portfolio and what's"}, {"start": "00:00:58", "end": "00:01:00", "text": "going on in markets and I think it'll do"}, {"start": "00:00:59", "end": "00:01:02", "text": "the same thing for you. Here's my"}, {"start": "00:01:00", "end": "00:01:03", "text": "conversation with Larry McDonald. All"}, {"start": "00:01:02", "end": "00:01:04", "text": "right, Larry, I thought a great place to"}, {"start": "00:01:03", "end": "00:01:06", "text": "start the conversation is you've been"}, {"start": "00:01:04", "end": "00:01:08", "text": "talking a lot about this great rotation"}, {"start": "00:01:06", "end": "00:01:09", "text": "from kind of financial assets to hard"}, {"start": "00:01:08", "end": "00:01:11", "text": "assets things around the energy"}, {"start": "00:01:09", "end": "00:01:13", "text": "infrastructure etc. What's your thesis"}, {"start": "00:01:11", "end": "00:01:15", "text": "as to why people should be considering"}, {"start": "00:01:13", "end": "00:01:18", "text": "this? Well, if you think about the last"}, {"start": "00:01:15", "end": "00:01:22", "text": "like 50, 60 years, especially the last"}, {"start": "00:01:18", "end": "00:01:27", "text": "20, we were in a certain deflation"}, {"start": "00:01:22", "end": "00:01:31", "text": "regime from 20 1990 to 2020."}, {"start": "00:01:27", "end": "00:01:32", "text": "And so what that does over time is in"}, {"start": "00:01:31", "end": "00:01:36", "text": "Wall Street models for when you value"}, {"start": "00:01:32", "end": "00:01:39", "text": "companies if if deflation is very"}, {"start": "00:01:36", "end": "00:01:42", "text": "certain and it got it it really climaxed"}, {"start": "00:01:39", "end": "00:01:44", "text": "in 2021 like 2021 because we hit COVID"}, {"start": "00:01:42", "end": "00:01:47", "text": "and we were in this like deflationary"}, {"start": "00:01:44", "end": "00:01:49", "text": "spiral and then the Fed and Treasury"}, {"start": "00:01:47", "end": "00:01:52", "text": "went all in to get us out you know with"}, {"start": "00:01:49", "end": "00:01:54", "text": "massive fiscal. But in that deflationary"}, {"start": "00:01:52", "end": "00:01:55", "text": "regime, if you if you look at the we"}, {"start": "00:01:54", "end": "00:01:58", "text": "talk about this in the book um how to"}, {"start": "00:01:55", "end": "00:02:01", "text": "listen market speak u we look at the"}, {"start": "00:01:58", "end": "00:02:04", "text": "divid discount model right DCF"}, {"start": "00:02:01", "end": "00:02:08", "text": "discounted cash flows all that means is"}, {"start": "00:02:04", "end": "00:02:10", "text": "if if rates are zero with low inflation"}, {"start": "00:02:08", "end": "00:02:13", "text": "certain companies like software are"}, {"start": "00:02:10", "end": "00:02:14", "text": "tremendously more valuable. So imagine"}, {"start": "00:02:13", "end": "00:02:16", "text": "if you have a billion dollars of cash"}, {"start": "00:02:14", "end": "00:02:20", "text": "flow, right? One just one billion over"}, {"start": "00:02:16", "end": "00:02:23", "text": "10 years in a certain deflation regime."}, {"start": "00:02:20", "end": "00:02:25", "text": "That billion dollars is worth a lot more"}, {"start": "00:02:23", "end": "00:02:27", "text": ">> over 10 years. Right? Now say you have"}, {"start": "00:02:25", "end": "00:02:29", "text": "another you have another billion dollars"}, {"start": "00:02:27", "end": "00:02:30", "text": "in a certain inflation regime."}, {"start": "00:02:29", "end": "00:02:33", "text": ">> It's worth less"}, {"start": "00:02:30", "end": "00:02:35", "text": ">> worth less over time. So what happens is"}, {"start": "00:02:33", "end": "00:02:37", "text": "when you go into a new regime like this"}, {"start": "00:02:35", "end": "00:02:40", "text": "with a multipolar world, global"}, {"start": "00:02:37", "end": "00:02:42", "text": "conflicts, big deficit spending. I mean,"}, {"start": "00:02:40", "end": "00:02:44", "text": "we're supposed to do a trillion dollars"}, {"start": "00:02:42", "end": "00:02:47", "text": "trillion dollars on defense and now"}, {"start": "00:02:44", "end": "00:02:50", "text": "Trump wants more, right? So that's 6%"}, {"start": "00:02:47", "end": "00:02:53", "text": "fiscal deficits versus three the past 50"}, {"start": "00:02:50", "end": "00:02:55", "text": "years on average. So the bottom line for"}, {"start": "00:02:53", "end": "00:02:57", "text": "everybody watching us right now in that"}, {"start": "00:02:55", "end": "00:02:59", "text": "kind of higher interest rate regime,"}, {"start": "00:02:57", "end": "00:03:03", "text": "companies"}, {"start": "00:02:59", "end": "00:03:06", "text": "that control assets are worth more."}, {"start": "00:03:03", "end": "00:03:07", "text": ">> Uh whereas software companies and"}, {"start": "00:03:06", "end": "00:03:09", "text": "companies that control intellectual"}, {"start": "00:03:07", "end": "00:03:12", "text": "property, the Netflix of the world, all"}, {"start": "00:03:09", "end": "00:03:13", "text": "the software companies in that in that"}, {"start": "00:03:12", "end": "00:03:15", "text": "new inflation regime, those companies"}, {"start": "00:03:13", "end": "00:03:16", "text": "are worth less. So one of the things"}, {"start": "00:03:15", "end": "00:03:18", "text": "that I think we've seen uh from these"}, {"start": "00:03:16", "end": "00:03:20", "text": "like hyperscalers is they previously may"}, {"start": "00:03:18", "end": "00:03:21", "text": "have been considered software companies"}, {"start": "00:03:20", "end": "00:03:23", "text": "but now they're going very hard and and"}, {"start": "00:03:21", "end": "00:03:25", "text": "investing a lot of capex into actually"}, {"start": "00:03:23", "end": "00:03:30", "text": "owning you know physical assets data"}, {"start": "00:03:25", "end": "00:03:31", "text": "centers uh you know compute etc. Um are"}, {"start": "00:03:30", "end": "00:03:33", "text": "they doing that because they understand"}, {"start": "00:03:31", "end": "00:03:35", "text": "this from like a financialization"}, {"start": "00:03:33", "end": "00:03:36", "text": "standpoint or is that more so maybe from"}, {"start": "00:03:35", "end": "00:03:38", "text": "an investor's perspective you know have"}, {"start": "00:03:36", "end": "00:03:39", "text": "to question you know is Facebook a"}, {"start": "00:03:38", "end": "00:03:41", "text": "software company or do they own hard"}, {"start": "00:03:39", "end": "00:03:45", "text": "assets?"}, {"start": "00:03:41", "end": "00:03:47", "text": "Anthony, I was in San Francisco um in"}, {"start": "00:03:45", "end": "00:03:51", "text": "July."}, {"start": "00:03:47", "end": "00:03:53", "text": "We hosted an elite uh family office CIO"}, {"start": "00:03:51", "end": "00:03:55", "text": "dinner. We do this around the country."}, {"start": "00:03:53", "end": "00:03:57", "text": "So, the bear traps report, we host idea."}, {"start": "00:03:55", "end": "00:03:58", "text": "We're hosting one tonight in New York at"}, {"start": "00:03:57", "end": "00:03:59", "text": "the Harvard Club."}, {"start": "00:03:58", "end": "00:04:01", "text": ">> What we do is we get together."}, {"start": "00:03:59", "end": "00:04:03", "text": ">> It's big time."}, {"start": "00:04:01", "end": "00:04:04", "text": ">> Listen, it's not me. To me, that's what"}, {"start": "00:04:03", "end": "00:04:07", "text": "the whole book's about. It's getting"}, {"start": "00:04:04", "end": "00:04:09", "text": "great mentors in a room and learning,"}, {"start": "00:04:07", "end": "00:04:11", "text": "right? Learning. like anybody watching"}, {"start": "00:04:09", "end": "00:04:14", "text": "us right now younger, you want to get"}, {"start": "00:04:11", "end": "00:04:15", "text": "your best mentors. Um, take them out for"}, {"start": "00:04:14", "end": "00:04:17", "text": "coffee,"}, {"start": "00:04:15", "end": "00:04:18", "text": ">> take them out for dinner. And that's"}, {"start": "00:04:17", "end": "00:04:21", "text": "what we do at the bear trap support that"}, {"start": "00:04:18", "end": "00:04:23", "text": "we we gather intelligence that way. And"}, {"start": "00:04:21", "end": "00:04:26", "text": "we started hearing this in like May,"}, {"start": "00:04:23", "end": "00:04:30", "text": "June, July, and August. And the key to"}, {"start": "00:04:26", "end": "00:04:32", "text": "investing is measuring the life of a"}, {"start": "00:04:30", "end": "00:04:34", "text": "narrative. Mhm."}, {"start": "00:04:32", "end": "00:04:37", "text": ">> In other words, when I was a retail"}, {"start": "00:04:34", "end": "00:04:40", "text": "broker in the 90s, I was on Cape Cod and"}, {"start": "00:04:37", "end": "00:04:42", "text": "um every narrative that came out of the"}, {"start": "00:04:40", "end": "00:04:43", "text": "Wall Street Journal or Wall Street"}, {"start": "00:04:42", "end": "00:04:46", "text": "Research,"}, {"start": "00:04:43", "end": "00:04:47", "text": "I couldn't tell how old those narratives"}, {"start": "00:04:46", "end": "00:04:48", "text": "were"}, {"start": "00:04:47", "end": "00:04:51", "text": ">> because what what Wall Street would do"}, {"start": "00:04:48", "end": "00:04:53", "text": "is they would give the ideas to their"}, {"start": "00:04:51", "end": "00:04:55", "text": "institutional clients and then after"}, {"start": "00:04:53", "end": "00:04:56", "text": "they're picked over, they'd eventually"}, {"start": "00:04:55", "end": "00:04:58", "text": "make it to retail and then and the"}, {"start": "00:04:56", "end": "00:05:01", "text": "Baronss and the Wall Street Journal. And"}, {"start": "00:04:58", "end": "00:05:03", "text": "so back then and you and I were just"}, {"start": "00:05:01", "end": "00:05:05", "text": "talking about this the way the rate of"}, {"start": "00:05:03", "end": "00:05:08", "text": "change of information that you've"}, {"start": "00:05:05", "end": "00:05:09", "text": "mastered mastered like the last 5 10"}, {"start": "00:05:08", "end": "00:05:10", "text": "years"}, {"start": "00:05:09", "end": "00:05:13", "text": ">> monitoring that rate of change of"}, {"start": "00:05:10", "end": "00:05:16", "text": "information if you do that in an ideas"}, {"start": "00:05:13", "end": "00:05:18", "text": "dinner setting or um well we we coast a"}, {"start": "00:05:16", "end": "00:05:19", "text": "Bloomberg chat with hedge funds mutual"}, {"start": "00:05:18", "end": "00:05:21", "text": "funds and pedds"}, {"start": "00:05:19", "end": "00:05:22", "text": ">> and we can measure the life of those"}, {"start": "00:05:21", "end": "00:05:24", "text": "narratives. Mhm."}, {"start": "00:05:22", "end": "00:05:28", "text": ">> So, getting back to your your point"}, {"start": "00:05:24", "end": "00:05:31", "text": "about Mag 7, um"}, {"start": "00:05:28", "end": "00:05:33", "text": "I'm telling you right now, what we"}, {"start": "00:05:31", "end": "00:05:35", "text": "started to learn in like the spring to"}, {"start": "00:05:33", "end": "00:05:39", "text": "summer was that this is a testosterone"}, {"start": "00:05:35", "end": "00:05:41", "text": "contest where Zuckerberg's challenging"}, {"start": "00:05:39", "end": "00:05:43", "text": "Larry Ellison and we were one of the"}, {"start": "00:05:41", "end": "00:05:44", "text": "guys at the dinner was like really close"}, {"start": "00:05:43", "end": "00:05:44", "text": "friends with Larry."}, {"start": "00:05:44", "end": "00:05:45", "text": ">> Mhm."}, {"start": "00:05:44", "end": "00:05:47", "text": ">> And if you look at what Larry Ellison"}, {"start": "00:05:45", "end": "00:05:52", "text": "just did, he essentially blew up his"}, {"start": "00:05:47", "end": "00:05:54", "text": "company. the stock's 50% off cuz Zuck"}, {"start": "00:05:52", "end": "00:05:56", "text": "it's like it's like the Dr. Oppenheimer"}, {"start": "00:05:54", "end": "00:05:57", "text": "moment and they're all going after each"}, {"start": "00:05:56", "end": "00:05:57", "text": "other"}, {"start": "00:05:57", "end": "00:05:59", "text": ">> and so Zuck"}, {"start": "00:05:57", "end": "00:06:01", "text": ">> they're literally willing to risk"}, {"start": "00:05:59", "end": "00:06:03", "text": "implosion of their company or the"}, {"start": "00:06:01", "end": "00:06:04", "text": "potential to be a major part of this"}, {"start": "00:06:03", "end": "00:06:06", "text": "like AGI"}, {"start": "00:06:04", "end": "00:06:09", "text": ">> 100% everybody wants to be first at the"}, {"start": "00:06:06", "end": "00:06:11", "text": "AGI master. And so what happened was is"}, {"start": "00:06:09", "end": "00:06:14", "text": "you had companies that were incredible"}, {"start": "00:06:11", "end": "00:06:15", "text": "cash cows for 20 years. So everybody"}, {"start": "00:06:14", "end": "00:06:17", "text": "watching us right now has got these"}, {"start": "00:06:15", "end": "00:06:18", "text": "stocks in their 401ks and these"}, {"start": "00:06:17", "end": "00:06:21", "text": "companies have just flipped their"}, {"start": "00:06:18", "end": "00:06:24", "text": "business model to being cash cows to"}, {"start": "00:06:21", "end": "00:06:26", "text": "capital intensive businesses cash"}, {"start": "00:06:24", "end": "00:06:30", "text": "burning businesses. If you look at the"}, {"start": "00:06:26", "end": "00:06:32", "text": "cash per look at Meta, they had 60 70"}, {"start": "00:06:30", "end": "00:06:33", "text": "billion of free cash flow. That's going"}, {"start": "00:06:32", "end": "00:06:33", "text": "to go down to five."}, {"start": "00:06:33", "end": "00:06:37", "text": ">> Crazy."}, {"start": "00:06:33", "end": "00:06:38", "text": ">> Oracle had uh 30 billion positive and"}, {"start": "00:06:37", "end": "00:06:41", "text": "now there would probably 10 to 15"}, {"start": "00:06:38", "end": "00:06:45", "text": "negative, right? So cash burning"}, {"start": "00:06:41", "end": "00:06:46", "text": "machines now trying to to build that"}, {"start": "00:06:45", "end": "00:06:47", "text": "bomb first."}, {"start": "00:06:46", "end": "00:06:48", "text": ">> How do you know if it's worth it or not"}, {"start": "00:06:47", "end": "00:06:50", "text": "in the end? Like if we get the benefit"}, {"start": "00:06:48", "end": "00:06:52", "text": "of hindsight later, what will you look"}, {"start": "00:06:50", "end": "00:06:53", "text": "at to say this was worth it?"}, {"start": "00:06:52", "end": "00:06:55", "text": ">> This this there this there this once"}, {"start": "00:06:53", "end": "00:06:56", "text": "again this is the birth of a narrative."}, {"start": "00:06:55", "end": "00:07:00", "text": "So this the first stage of the narrative"}, {"start": "00:06:56", "end": "00:07:02", "text": "was the big investors"}, {"start": "00:07:00", "end": "00:07:04", "text": "uh buy them. So that's why you people"}, {"start": "00:07:02", "end": "00:07:05", "text": "were chasing Oracle, they were chasing"}, {"start": "00:07:04", "end": "00:07:07", "text": "Microsoft"}, {"start": "00:07:05", "end": "00:07:10", "text": ">> and that was in the phase where Wall"}, {"start": "00:07:07", "end": "00:07:10", "text": "Street was not intimidated by the cash"}, {"start": "00:07:10", "end": "00:07:11", "text": "burn."}, {"start": "00:07:10", "end": "00:07:13", "text": ">> Mhm."}, {"start": "00:07:11", "end": "00:07:15", "text": ">> Now we're in the second stage and"}, {"start": "00:07:13", "end": "00:07:17", "text": "there's three stages of this where um"}, {"start": "00:07:15", "end": "00:07:19", "text": "wall if you look at the mag seven today"}, {"start": "00:07:17", "end": "00:07:22", "text": "14%"}, {"start": "00:07:19", "end": "00:07:24", "text": "draw down in a bull market. right now"}, {"start": "00:07:22", "end": "00:07:27", "text": "you can say and the S&P is only down"}, {"start": "00:07:24", "end": "00:07:30", "text": "five, right? Um you look at Google 17%"}, {"start": "00:07:27", "end": "00:07:33", "text": "off new low yesterday. So the companies"}, {"start": "00:07:30", "end": "00:07:36", "text": "that are burning the cash"}, {"start": "00:07:33", "end": "00:07:38", "text": "uh people are looking at this like a uh"}, {"start": "00:07:36", "end": "00:07:41", "text": "a moment with the dotcoms or let's just"}, {"start": "00:07:38", "end": "00:07:43", "text": "say better example is um the shale"}, {"start": "00:07:41", "end": "00:07:45", "text": "revolution where it's it's called"}, {"start": "00:07:43", "end": "00:07:47", "text": "malfeasants around like you're just"}, {"start": "00:07:45", "end": "00:07:49", "text": "malinvestment."}, {"start": "00:07:47", "end": "00:07:52", "text": "In other words, there's such a waste of"}, {"start": "00:07:49", "end": "00:07:53", "text": "the testosterone to spend the money."}, {"start": "00:07:52", "end": "00:07:55", "text": "There's not a lot of thought behind it"}, {"start": "00:07:53", "end": "00:07:58", "text": "around a return"}, {"start": "00:07:55", "end": "00:07:59", "text": ">> on invested capital. And so now we're in"}, {"start": "00:07:58", "end": "00:08:01", "text": "a stage where"}, {"start": "00:07:59", "end": "00:08:03", "text": ">> people are show me, you know, they want"}, {"start": "00:08:01", "end": "00:08:06", "text": "to be shown. And that's why this draw"}, {"start": "00:08:03", "end": "00:08:10", "text": "down in the MAG7 probably lasts right"}, {"start": "00:08:06", "end": "00:08:12", "text": "now the the NASDAQ 100 was worth 34"}, {"start": "00:08:10", "end": "00:08:14", "text": "trillion maybe six months ago. Now we're"}, {"start": "00:08:12", "end": "00:08:17", "text": "talking about 30 trillion. So 4 trillion"}, {"start": "00:08:14", "end": "00:08:18", "text": "has left and gone into energy."}, {"start": "00:08:17", "end": "00:08:20", "text": ">> Now I don't get the sense that you're"}, {"start": "00:08:18", "end": "00:08:21", "text": "buying Facebook stock because you think"}, {"start": "00:08:20", "end": "00:08:23", "text": "that they are now all of a sudden like"}, {"start": "00:08:21", "end": "00:08:26", "text": "this capital intensive you know uh kind"}, {"start": "00:08:23", "end": "00:08:28", "text": "of hard uh asset business. So what do"}, {"start": "00:08:26", "end": "00:08:29", "text": "you see as attractive in the market when"}, {"start": "00:08:28", "end": "00:08:30", "text": "you think about this rotation from"}, {"start": "00:08:29", "end": "00:08:33", "text": "financialized assets to hard assets?"}, {"start": "00:08:30", "end": "00:08:35", "text": ">> Okay Zuckerberg is amazing right? This"}, {"start": "00:08:33", "end": "00:08:38", "text": "guy"}, {"start": "00:08:35", "end": "00:08:41", "text": "destroyed investors in 2022."}, {"start": "00:08:38", "end": "00:08:43", "text": "70% draw down on his stock. It's like"}, {"start": "00:08:41", "end": "00:08:46", "text": "Jensen. These guys blow up investors all"}, {"start": "00:08:43", "end": "00:08:48", "text": "the time. Now, if you buy and hold these"}, {"start": "00:08:46", "end": "00:08:51", "text": "stocks, it's a lot like Bitcoin. It's"}, {"start": "00:08:48", "end": "00:08:54", "text": "easy to say on a Bitcoin chart or or a"}, {"start": "00:08:51", "end": "00:08:56", "text": "meta stock chart or especially Nvidia is"}, {"start": "00:08:54", "end": "00:08:58", "text": "very similar. It's easier to look at"}, {"start": "00:08:56", "end": "00:08:59", "text": "long-term chart and say, \"Wow, you know,"}, {"start": "00:08:58", "end": "00:09:00", "text": "I"}, {"start": "00:08:59", "end": "00:09:02", "text": ">> I should have bought 10 years ago.\""}, {"start": "00:09:00", "end": "00:09:04", "text": ">> I mean, to me, that's all If"}, {"start": "00:09:02", "end": "00:09:07", "text": "you're if you're 30 years old, you got a"}, {"start": "00:09:04", "end": "00:09:10", "text": "beautiful fiance, she wants to buy a"}, {"start": "00:09:07", "end": "00:09:12", "text": "house. These kids buy these stocks and"}, {"start": "00:09:10", "end": "00:09:13", "text": "they buy Bitcoin or and they say, \"Oh,"}, {"start": "00:09:12", "end": "00:09:15", "text": "I'm gonna hold forever.\" Because they"}, {"start": "00:09:13", "end": "00:09:19", "text": "see the chart and the book, you know,"}, {"start": "00:09:15", "end": "00:09:22", "text": "and it's like such BS because nobody can"}, {"start": "00:09:19", "end": "00:09:27", "text": "weather that 70% draw down. So Mark"}, {"start": "00:09:22", "end": "00:09:31", "text": "Zuckerberg and Jensen at so Facebook and"}, {"start": "00:09:27", "end": "00:09:34", "text": "Meta told us in 2022 that the metaverse"}, {"start": "00:09:31", "end": "00:09:36", "text": "chips and the AI chips, I'm sorry, I'm"}, {"start": "00:09:34", "end": "00:09:40", "text": "sorry, and the crypto chips were the"}, {"start": "00:09:36", "end": "00:09:42", "text": "future. So right before right before the"}, {"start": "00:09:40", "end": "00:09:46", "text": "biggest AI boom in history, Jensen"}, {"start": "00:09:42", "end": "00:09:49", "text": "wasn't buying any any stock back. These"}, {"start": "00:09:46", "end": "00:09:51", "text": "guys were con convinced that uh that"}, {"start": "00:09:49", "end": "00:09:53", "text": "meta chips, metaverse chips, and crypto"}, {"start": "00:09:51", "end": "00:09:55", "text": "chips were going to have like be the"}, {"start": "00:09:53", "end": "00:09:58", "text": "future. And then they flipped it. They"}, {"start": "00:09:55", "end": "00:10:00", "text": "brilliantly flipped it in 22 20 22 into"}, {"start": "00:09:58", "end": "00:10:02", "text": "23. I'll give them credit for that. But"}, {"start": "00:10:00", "end": "00:10:02", "text": "they blew up investors in 22."}, {"start": "00:10:02", "end": "00:10:04", "text": ">> Mhm."}, {"start": "00:10:02", "end": "00:10:06", "text": ">> Like 70% drop. How much do you think of"}, {"start": "00:10:04", "end": "00:10:08", "text": "that was their doing versus just the Fed"}, {"start": "00:10:06", "end": "00:10:08", "text": "hike rates is the fastest pace in"}, {"start": "00:10:08", "end": "00:10:09", "text": "history."}, {"start": "00:10:08", "end": "00:10:12", "text": ">> Okay, let's blame them."}, {"start": "00:10:09", "end": "00:10:15", "text": ">> That's fair. But Zuck, if you look at"}, {"start": "00:10:12", "end": "00:10:17", "text": "what Zuckerberg did brilliantly, um he"}, {"start": "00:10:15", "end": "00:10:21", "text": "looked at his employee base,"}, {"start": "00:10:17", "end": "00:10:24", "text": ">> fat, dumb, and happy. He cut the fat uh"}, {"start": "00:10:21", "end": "00:10:27", "text": "similar to what uh Elon did at Twitter."}, {"start": "00:10:24", "end": "00:10:29", "text": ">> And uh so Zuck to get himself out."}, {"start": "00:10:27", "end": "00:10:31", "text": "You're absolutely right. It was it was"}, {"start": "00:10:29", "end": "00:10:33", "text": "the Fed was hiking rates and we're we we"}, {"start": "00:10:31", "end": "00:10:36", "text": "we essentially went to a soft recession,"}, {"start": "00:10:33", "end": "00:10:39", "text": ">> but it was it was really the company was"}, {"start": "00:10:36", "end": "00:10:41", "text": "just massively overinvested in the"}, {"start": "00:10:39", "end": "00:10:44", "text": "metaverse. Imagine having division after"}, {"start": "00:10:41", "end": "00:10:45", "text": "division and and you know working group"}, {"start": "00:10:44", "end": "00:10:48", "text": "after working group after working group"}, {"start": "00:10:45", "end": "00:10:50", "text": "focused on the metaverse. That was his"}, {"start": "00:10:48", "end": "00:10:52", "text": "like dream model. That's why he changed"}, {"start": "00:10:50", "end": "00:10:55", "text": "the company to Meta, which is insane"}, {"start": "00:10:52", "end": "00:10:57", "text": "because now you should change it to So"}, {"start": "00:10:55", "end": "00:11:00", "text": "the bottom line is this this guy's just"}, {"start": "00:10:57", "end": "00:11:02", "text": "an amazing guy because he's blown up his"}, {"start": "00:11:00", "end": "00:11:03", "text": "business a few times and people still"}, {"start": "00:11:02", "end": "00:11:06", "text": "have incredible faith in him."}, {"start": "00:11:03", "end": "00:11:08", "text": ">> Mhm. So when you look at um maybe let's"}, {"start": "00:11:06", "end": "00:11:10", "text": "take a Tesla, right? They got a lot of"}, {"start": "00:11:08", "end": "00:11:12", "text": "hard assets. They've got AI injected"}, {"start": "00:11:10", "end": "00:11:14", "text": "into it. Um I think that from my"}, {"start": "00:11:12", "end": "00:11:16", "text": "perspective, I've looked at a company"}, {"start": "00:11:14", "end": "00:11:18", "text": "like that and said, uh I know it's going"}, {"start": "00:11:16", "end": "00:11:20", "text": "to be super volatile. I know that"}, {"start": "00:11:18", "end": "00:11:22", "text": "there's going to be mass controversy and"}, {"start": "00:11:20", "end": "00:11:24", "text": "debate over this. It reminds me a lot of"}, {"start": "00:11:22", "end": "00:11:26", "text": "Bitcoin in the early days. Um,"}, {"start": "00:11:24", "end": "00:11:28", "text": ">> I bought some stock and I said, but I'm"}, {"start": "00:11:26", "end": "00:11:30", "text": "gonna hold this regardless what"}, {"start": "00:11:28", "end": "00:11:32", "text": "happened. It could go down 80%. I sized"}, {"start": "00:11:30", "end": "00:11:34", "text": "it correctly. Just like this is a thing"}, {"start": "00:11:32", "end": "00:11:37", "text": "where if this guy can pull off owning"}, {"start": "00:11:34", "end": "00:11:38", "text": "the uh humanoid robot market,"}, {"start": "00:11:37", "end": "00:11:39", "text": "that's worth a lot more than it's worth"}, {"start": "00:11:38", "end": "00:11:40", "text": "today. Right."}, {"start": "00:11:39", "end": "00:11:41", "text": ">> Well, that's the key is sizing the"}, {"start": "00:11:40", "end": "00:11:42", "text": "trade, right?"}, {"start": "00:11:41", "end": "00:11:44", "text": ">> Yeah. But but do you look at a business"}, {"start": "00:11:42", "end": "00:11:46", "text": "like that as like the hard assets or are"}, {"start": "00:11:44", "end": "00:11:48", "text": "you thinking more like go buy energy"}, {"start": "00:11:46", "end": "00:11:49", "text": "infrastructure and lithium and copper"}, {"start": "00:11:48", "end": "00:11:51", "text": "and you know and and what people would"}, {"start": "00:11:49", "end": "00:11:53", "text": "consider you know kind of the old school"}, {"start": "00:11:51", "end": "00:11:54", "text": "more infrastructure bluecollar type"}, {"start": "00:11:53", "end": "00:11:56", "text": "businesses."}, {"start": "00:11:54", "end": "00:12:00", "text": ">> Yeah. It's real hard asset company. So,"}, {"start": "00:11:56", "end": "00:12:01", "text": "so when we went into this 1968 to81"}, {"start": "00:12:00", "end": "00:12:03", "text": "regime, which we talked about in the"}, {"start": "00:12:01", "end": "00:12:06", "text": "book,"}, {"start": "00:12:03", "end": "00:12:07", "text": ">> it was the multipolar world. So, global"}, {"start": "00:12:06", "end": "00:12:08", "text": "conflicts,"}, {"start": "00:12:07", "end": "00:12:11", "text": ">> Middle East,"}, {"start": "00:12:08", "end": "00:12:14", "text": ">> um, we're coming out of a war in Vietnam"}, {"start": "00:12:11", "end": "00:12:17", "text": ">> where Uncle Sam and the Great Society,"}, {"start": "00:12:14", "end": "00:12:20", "text": "very similar today, like massive fiscal"}, {"start": "00:12:17", "end": "00:12:23", "text": "spending on the war and the Great"}, {"start": "00:12:20", "end": "00:12:26", "text": "Society, big social spending. And so in"}, {"start": "00:12:23", "end": "00:12:30", "text": "that period from"}, {"start": "00:12:26", "end": "00:12:34", "text": "68 to 81 by the end of it all um"}, {"start": "00:12:30", "end": "00:12:36", "text": "technology stocks became less than 6% of"}, {"start": "00:12:34", "end": "00:12:38", "text": "the S&P"}, {"start": "00:12:36", "end": "00:12:42", "text": ">> and materials"}, {"start": "00:12:38", "end": "00:12:45", "text": "industrials and energy were 49%"}, {"start": "00:12:42", "end": "00:12:46", "text": ">> of the S&P 500 composition. M"}, {"start": "00:12:45", "end": "00:12:48", "text": ">> now in the book we make this point you"}, {"start": "00:12:46", "end": "00:12:51", "text": "know how to listen when markets speak"}, {"start": "00:12:48", "end": "00:12:54", "text": "but we're not going back to 49 but are"}, {"start": "00:12:51", "end": "00:12:55", "text": "we going back to"}, {"start": "00:12:54", "end": "00:12:57", "text": "you know are we going back to right now"}, {"start": "00:12:55", "end": "00:13:00", "text": "we're about 14 for those groups"}, {"start": "00:12:57", "end": "00:13:02", "text": "industrials materials and energy"}, {"start": "00:13:00", "end": "00:13:05", "text": "probably 12 to 14 in the last couple"}, {"start": "00:13:02", "end": "00:13:06", "text": "years we're going back to 30 so you like"}, {"start": "00:13:05", "end": "00:13:08", "text": "the percentage of those companies is"}, {"start": "00:13:06", "end": "00:13:11", "text": "going to double and how much of that as"}, {"start": "00:13:08", "end": "00:13:11", "text": "they grow versus the tech and financials"}, {"start": "00:13:11", "end": "00:13:13", "text": "shrink"}, {"start": "00:13:11", "end": "00:13:15", "text": ">> it's fascinating if you look today just"}, {"start": "00:13:13", "end": "00:13:18", "text": "I was looking this morning at Google uh"}, {"start": "00:13:15", "end": "00:13:20", "text": "versus Chevron. Yeah. So, Chevron's"}, {"start": "00:13:18", "end": "00:13:23", "text": "making new highs. Um still a small"}, {"start": "00:13:20", "end": "00:13:25", "text": "market cap. You know what the best trade"}, {"start": "00:13:23", "end": "00:13:29", "text": "in the world right now is for AI and"}, {"start": "00:13:25", "end": "00:13:33", "text": "energy is Slumber. They just did a pact"}, {"start": "00:13:29", "end": "00:13:36", "text": "with Nvidia. Slumber's data um"}, {"start": "00:13:33", "end": "00:13:39", "text": "processing for energy companies that are"}, {"start": "00:13:36", "end": "00:13:44", "text": "exploring and controlling logistics."}, {"start": "00:13:39", "end": "00:13:47", "text": "Slumber is I think I think it could be a"}, {"start": "00:13:44", "end": "00:13:49", "text": "triple quadruple for you can fit 70 I'm"}, {"start": "00:13:47", "end": "00:13:54", "text": "pretty sure of this number you can fit"}, {"start": "00:13:49", "end": "00:13:57", "text": "75 slumberes SLB which is the dark horse"}, {"start": "00:13:54", "end": "00:14:00", "text": "unknown AI company you can fit 75 of"}, {"start": "00:13:57", "end": "00:14:04", "text": "these in Nvidia"}, {"start": "00:14:00", "end": "00:14:06", "text": "when when um when you think about uh the"}, {"start": "00:14:04", "end": "00:14:09", "text": "precious metals and all this stuff a lot"}, {"start": "00:14:06", "end": "00:14:11", "text": "of people talk about gold and silver but"}, {"start": "00:14:09", "end": "00:14:14", "text": "um copper, lithium, some of these other"}, {"start": "00:14:11", "end": "00:14:16", "text": "ones seem to be much more uh kind of"}, {"start": "00:14:14", "end": "00:14:18", "text": "speculative but needed for a lot of the"}, {"start": "00:14:16", "end": "00:14:21", "text": "robotics and space and and things like"}, {"start": "00:14:18", "end": "00:14:22", "text": "that. How do you look when you're saying"}, {"start": "00:14:21", "end": "00:14:25", "text": "okay I want to go into materials and"}, {"start": "00:14:22", "end": "00:14:26", "text": "pressure smells etc. Are you just buying"}, {"start": "00:14:25", "end": "00:14:29", "text": "a basket and it's more about I want"}, {"start": "00:14:26", "end": "00:14:31", "text": "exposure or are you kind of single name"}, {"start": "00:14:29", "end": "00:14:32", "text": "picking and saying hey you know actually"}, {"start": "00:14:31", "end": "00:14:34", "text": "copper is my bet or you know or this is"}, {"start": "00:14:32", "end": "00:14:36", "text": "my bet instead of just saying look give"}, {"start": "00:14:34", "end": "00:14:38", "text": "me a basket of the precious metals or or"}, {"start": "00:14:36", "end": "00:14:40", "text": "other materials. Well, one of the things"}, {"start": "00:14:38", "end": "00:14:42", "text": "that's interesting for people watching"}, {"start": "00:14:40", "end": "00:14:44", "text": "us right now and and you and I can do"}, {"start": "00:14:42", "end": "00:14:46", "text": "this tonight, uh, you just say you have"}, {"start": "00:14:44", "end": "00:14:49", "text": "an hour tonight before you go to bed,"}, {"start": "00:14:46", "end": "00:14:51", "text": "just you're looking on um, chatbt or"}, {"start": "00:14:49", "end": "00:14:55", "text": "you're looking at Grock and you ask"}, {"start": "00:14:51", "end": "00:14:56", "text": "Grock to rebuild"}, {"start": "00:14:55", "end": "00:14:56", "text": "Iran,"}, {"start": "00:14:56", "end": "00:15:00", "text": ">> Mhm."}, {"start": "00:14:56", "end": "00:15:01", "text": ">> parts of Israel, the Ukraine,"}, {"start": "00:15:00", "end": "00:15:03", "text": "Gaza,"}, {"start": "00:15:01", "end": "00:15:05", "text": ">> and throw in LA there, Los Angeles with"}, {"start": "00:15:03", "end": "00:15:08", "text": "the fires, right?"}, {"start": "00:15:05", "end": "00:15:10", "text": ">> Yeah. over the next 10 years how much"}, {"start": "00:15:08", "end": "00:15:12", "text": "copper is going to be needed right"}, {"start": "00:15:10", "end": "00:15:14", "text": "you're the number is and then you take"}, {"start": "00:15:12", "end": "00:15:15", "text": "that number and you say how much is"}, {"start": "00:15:14", "end": "00:15:17", "text": "available in the world"}, {"start": "00:15:15", "end": "00:15:20", "text": ">> how exactly what's global production the"}, {"start": "00:15:17", "end": "00:15:23", "text": "numbers are and then you you listen to"}, {"start": "00:15:20", "end": "00:15:26", "text": "Elon right let's listen to Elon Elon"}, {"start": "00:15:23", "end": "00:15:28", "text": "saying"}, {"start": "00:15:26", "end": "00:15:28", "text": "10 million robots"}, {"start": "00:15:28", "end": "00:15:30", "text": ">> Mhm"}, {"start": "00:15:28", "end": "00:15:31", "text": ">> will be produced in the next 10 years"}, {"start": "00:15:30", "end": "00:15:34", "text": "and he said he's he's actually said I"}, {"start": "00:15:31", "end": "00:15:35", "text": "think 40 or 50 million"}, {"start": "00:15:34", "end": "00:15:38", "text": "10 million robots"}, {"start": "00:15:35", "end": "00:15:41", "text": "the copper that's needed in that, the"}, {"start": "00:15:38", "end": "00:15:44", "text": "silver um the silver electricity"}, {"start": "00:15:41", "end": "00:15:47", "text": "connectivity, the aluminum that's needed"}, {"start": "00:15:44", "end": "00:15:48", "text": "for the power grid. In our trade alerts"}, {"start": "00:15:47", "end": "00:15:51", "text": "last year, we're big buyers of the"}, {"start": "00:15:48", "end": "00:15:54", "text": "silver names. Alcoa timestamp trade"}, {"start": "00:15:51", "end": "00:15:57", "text": "alerts were all in on companies that are"}, {"start": "00:15:54", "end": "00:16:02", "text": "supporting the power grid for artificial"}, {"start": "00:15:57", "end": "00:16:04", "text": "intelligence uh but also supporting um"}, {"start": "00:16:02", "end": "00:16:07", "text": "the con the copper side. Mhm."}, {"start": "00:16:04", "end": "00:16:09", "text": ">> And so you just think of all the copper"}, {"start": "00:16:07", "end": "00:16:11", "text": "for robotics, all the copper for the"}, {"start": "00:16:09", "end": "00:16:14", "text": "rebuild of the power grid, which is a $2"}, {"start": "00:16:11", "end": "00:16:16", "text": "trillion project. Um, and then you just"}, {"start": "00:16:14", "end": "00:16:18", "text": "look around the rebuild wars. One of the"}, {"start": "00:16:16", "end": "00:16:19", "text": "points that Neil Ferguson makes in the"}, {"start": "00:16:18", "end": "00:16:22", "text": "be beginning of my book, I'm really"}, {"start": "00:16:19", "end": "00:16:24", "text": "proud. Neil Ferguson, the Harvard"}, {"start": "00:16:22", "end": "00:16:26", "text": "laurate, best-selling author, he wrote"}, {"start": "00:16:24", "end": "00:16:27", "text": "the forward and he's like, I'll never"}, {"start": "00:16:26", "end": "00:16:28", "text": "forget we're at the we're at the Harvard"}, {"start": "00:16:27", "end": "00:16:30", "text": "club a couple of years ago and he's"}, {"start": "00:16:28", "end": "00:16:33", "text": "like, Larry,"}, {"start": "00:16:30", "end": "00:16:36", "text": "wars are so inflationary because it's"}, {"start": "00:16:33", "end": "00:16:38", "text": "the rebuild over the next 10 years and"}, {"start": "00:16:36", "end": "00:16:39", "text": "the demand for those strategic."}, {"start": "00:16:38", "end": "00:16:40", "text": ">> Let's talk about this because this is"}, {"start": "00:16:39", "end": "00:16:43", "text": "actually probably an area where we may"}, {"start": "00:16:40", "end": "00:16:44", "text": "not agree and I I enjoy learning it when"}, {"start": "00:16:43", "end": "00:16:46", "text": "uh when I disagree with somebody. So, in"}, {"start": "00:16:44", "end": "00:16:48", "text": "the short term, I think right now people"}, {"start": "00:16:46", "end": "00:16:49", "text": "see the Iran conflict, oil prices"}, {"start": "00:16:48", "end": "00:16:51", "text": "spiking, there's a lot of like"}, {"start": "00:16:49", "end": "00:16:53", "text": "short-term inflationary pressures that"}, {"start": "00:16:51", "end": "00:16:54", "text": "are happening. I would argue over the"}, {"start": "00:16:53", "end": "00:16:56", "text": "medium to long term, there's this"}, {"start": "00:16:54", "end": "00:16:58", "text": "massive deflationary force that's"}, {"start": "00:16:56", "end": "00:17:00", "text": "swallowing the US economy. Um, you get"}, {"start": "00:16:58", "end": "00:17:01", "text": "tariffs, you get deportations, you get"}, {"start": "00:17:00", "end": "00:17:04", "text": "AI and robotics, right? And those are"}, {"start": "00:17:01", "end": "00:17:07", "text": "all uh pretty uh deflationary. Um, what"}, {"start": "00:17:04", "end": "00:17:08", "text": "I don't know is who wins that battle in"}, {"start": "00:17:07", "end": "00:17:10", "text": "the short term. So put aside for a"}, {"start": "00:17:08", "end": "00:17:13", "text": "second the next, you know, I don't know,"}, {"start": "00:17:10", "end": "00:17:16", "text": "uh, three to six months, two years,"}, {"start": "00:17:13", "end": "00:17:18", "text": "three years from now, are you more"}, {"start": "00:17:16", "end": "00:17:20", "text": "convinced that we get higher inflation"}, {"start": "00:17:18", "end": "00:17:21", "text": "or we get lower inflation over kind of"}, {"start": "00:17:20", "end": "00:17:24", "text": "that medium couple years?"}, {"start": "00:17:21", "end": "00:17:27", "text": ">> Okay. When I was writing the book, we"}, {"start": "00:17:24", "end": "00:17:30", "text": "sat down with Random House. We did the"}, {"start": "00:17:27", "end": "00:17:31", "text": "proposal. Uh, Patrick Robinson and James"}, {"start": "00:17:30", "end": "00:17:34", "text": "were really helpful. They were my"}, {"start": "00:17:31", "end": "00:17:37", "text": "ghostriter partners. And that was the"}, {"start": "00:17:34", "end": "00:17:39", "text": "big push back that we got because in the"}, {"start": "00:17:37", "end": "00:17:42", "text": "book because the second half of the book"}, {"start": "00:17:39", "end": "00:17:45", "text": "is all about inflation and hard assets"}, {"start": "00:17:42", "end": "00:17:45", "text": "and we wrote the book in 202122 and the"}, {"start": "00:17:45", "end": "00:17:47", "text": "push back"}, {"start": "00:17:45", "end": "00:17:48", "text": ">> and there's a lot of inflation then"}, {"start": "00:17:47", "end": "00:17:50", "text": ">> correct. Yeah,"}, {"start": "00:17:48", "end": "00:17:53", "text": ">> you guys nailed it then."}, {"start": "00:17:50", "end": "00:17:56", "text": ">> Yeah, 2021 was the was was the"}, {"start": "00:17:53", "end": "00:17:58", "text": "disinflation then 2022 was the high"}, {"start": "00:17:56", "end": "00:18:00", "text": "pick. But the bottom line, the most"}, {"start": "00:17:58", "end": "00:18:03", "text": "terrifying terrifying part of writing"}, {"start": "00:18:00", "end": "00:18:05", "text": "the book is knowing what you're what you"}, {"start": "00:18:03", "end": "00:18:09", "text": "know is coming at us on technology,"}, {"start": "00:18:05", "end": "00:18:11", "text": "around AI, around job displacement, like"}, {"start": "00:18:09", "end": "00:18:13", "text": "you said, around robotics, all massive"}, {"start": "00:18:11", "end": "00:18:16", "text": "deflationary forces."}, {"start": "00:18:13", "end": "00:18:19", "text": ">> Um, I just think at the end of the day,"}, {"start": "00:18:16", "end": "00:18:22", "text": "there's nothing in the world that that"}, {"start": "00:18:19", "end": "00:18:26", "text": "can offset the fiscal and monetary"}, {"start": "00:18:22", "end": "00:18:28", "text": "gross, disgusting irresponsibility. Mhm."}, {"start": "00:18:26", "end": "00:18:30", "text": ">> I mean, both Republicans and Democrats."}, {"start": "00:18:28", "end": "00:18:33", "text": "Uh I was watching Mark Halpern last"}, {"start": "00:18:30", "end": "00:18:35", "text": "night. He's got I like Mark. He's a kind"}, {"start": "00:18:33", "end": "00:18:37", "text": "of I call him middle of the road guy. He"}, {"start": "00:18:35", "end": "00:18:39", "text": "has Republicans and Democrats on his"}, {"start": "00:18:37", "end": "00:18:41", "text": "show. And he had a couple Republicans on"}, {"start": "00:18:39", "end": "00:18:43", "text": "there and and uh I've I've voted"}, {"start": "00:18:41", "end": "00:18:46", "text": "Republican many times. And these"}, {"start": "00:18:43", "end": "00:18:47", "text": "Republicans are just all in on 6% fiscal"}, {"start": "00:18:46", "end": "00:18:51", "text": "deficits."}, {"start": "00:18:47", "end": "00:18:54", "text": ">> Like 6% fiscal deficits. Trillion"}, {"start": "00:18:51", "end": "00:18:56", "text": "eight as far as the eye can see. And"}, {"start": "00:18:54", "end": "00:18:58", "text": "that's a lot of printing and that's a"}, {"start": "00:18:56", "end": "00:19:00", "text": "lot of currency debasement and uh"}, {"start": "00:18:58", "end": "00:19:01", "text": ">> which would lead to the inflation that"}, {"start": "00:19:00", "end": "00:19:03", "text": "you're talking about. Yes. Yeah. So"}, {"start": "00:19:01", "end": "00:19:05", "text": "what's um I don't disagree actually with"}, {"start": "00:19:03", "end": "00:19:07", "text": "any of that. Um I think that what we"}, {"start": "00:19:05", "end": "00:19:08", "text": "don't know is if you talk to somebody"}, {"start": "00:19:07", "end": "00:19:10", "text": "like an Elon Musk, he keeps talking"}, {"start": "00:19:08", "end": "00:19:13", "text": "about this like supersonic tsunami of"}, {"start": "00:19:10", "end": "00:19:15", "text": "AI, robotics, etc. And um he had this"}, {"start": "00:19:13", "end": "00:19:16", "text": "great interview with Peter Diamandis on"}, {"start": "00:19:15", "end": "00:19:19", "text": "the Moonshots podcast and what he talked"}, {"start": "00:19:16", "end": "00:19:20", "text": "about was uh the government will not be"}, {"start": "00:19:19", "end": "00:19:22", "text": "able to print enough money. actually"}, {"start": "00:19:20", "end": "00:19:23", "text": "will be begging the government to print"}, {"start": "00:19:22", "end": "00:19:26", "text": "more money because the deflationary"}, {"start": "00:19:23", "end": "00:19:27", "text": "force is so big. Now"}, {"start": "00:19:26", "end": "00:19:29", "text": ">> I think quite a statement"}, {"start": "00:19:27", "end": "00:19:31", "text": ">> I think that's the question right like"}, {"start": "00:19:29", "end": "00:19:33", "text": "is that right or not and I think it's"}, {"start": "00:19:31", "end": "00:19:35", "text": "very well defined in terms of if it is"}, {"start": "00:19:33", "end": "00:19:37", "text": "not this massive deflationary force that"}, {"start": "00:19:35", "end": "00:19:39", "text": "would you know warrant the supersonic"}, {"start": "00:19:37", "end": "00:19:41", "text": "tsunami description and kind of his"}, {"start": "00:19:39", "end": "00:19:42", "text": "viewpoint yeah of course it's going to"}, {"start": "00:19:41", "end": "00:19:43", "text": "be inflationary right like they're going"}, {"start": "00:19:42", "end": "00:19:48", "text": "to print money they're going to run this"}, {"start": "00:19:43", "end": "00:19:50", "text": "deficit the x factor in the equation is"}, {"start": "00:19:48", "end": "00:19:53", "text": "how deflationary is AI and robotics and"}, {"start": "00:19:50", "end": "00:19:55", "text": "how quickly does it happen right and um"}, {"start": "00:19:53", "end": "00:19:56", "text": "right I don't know what the answer is."}, {"start": "00:19:55", "end": "00:19:57", "text": ">> Well, that's what but I think that's"}, {"start": "00:19:56", "end": "00:19:59", "text": "what people are speculating."}, {"start": "00:19:57", "end": "00:20:01", "text": ">> Back to your last question. So to me"}, {"start": "00:19:59", "end": "00:20:03", "text": "there could be two trades like we're in"}, {"start": "00:20:01", "end": "00:20:05", "text": "this what we talk about in the book is"}, {"start": "00:20:03", "end": "00:20:09", "text": "the 2020"}, {"start": "00:20:05", "end": "00:20:12", "text": "to 2030 regime is is more certain"}, {"start": "00:20:09", "end": "00:20:14", "text": "inflation and then somewhere around 28"}, {"start": "00:20:12", "end": "00:20:16", "text": "2930"}, {"start": "00:20:14", "end": "00:20:17", "text": "you could get that some some change"}, {"start": "00:20:16", "end": "00:20:19", "text": ">> big time."}, {"start": "00:20:17", "end": "00:20:21", "text": ">> Yeah. Let's talk about uh dollar"}, {"start": "00:20:19", "end": "00:20:22", "text": "dominance. Um I think there's two"}, {"start": "00:20:21", "end": "00:20:24", "text": "different vectors here that are"}, {"start": "00:20:22", "end": "00:20:25", "text": "interesting. Uh, one is obviously all of"}, {"start": "00:20:24", "end": "00:20:27", "text": "the geopolitical things that have"}, {"start": "00:20:25", "end": "00:20:29", "text": "happened. We sanctioned the hell out of"}, {"start": "00:20:27", "end": "00:20:31", "text": "Russia. We went after the oligarchs. Um,"}, {"start": "00:20:29", "end": "00:20:33", "text": "I think China has really decided, hey,"}, {"start": "00:20:31", "end": "00:20:36", "text": "we are going to just defiat ourselves"}, {"start": "00:20:33", "end": "00:20:38", "text": "and and really pour into uh, gold. Iran"}, {"start": "00:20:36", "end": "00:20:40", "text": "obviously has a huge part of this. Um,"}, {"start": "00:20:38", "end": "00:20:42", "text": "but the second vector is you guys"}, {"start": "00:20:40", "end": "00:20:44", "text": "recently selected Bitcoin for the"}, {"start": "00:20:42", "end": "00:20:46", "text": "portfolio for the first time and so I'm"}, {"start": "00:20:44", "end": "00:20:47", "text": "assuming that this stuff is all kind of"}, {"start": "00:20:46", "end": "00:20:49", "text": "related, but how do you just think about"}, {"start": "00:20:47", "end": "00:20:51", "text": "like dollar dominance in the modern, you"}, {"start": "00:20:49", "end": "00:20:54", "text": "know, environment? Well, first thing I"}, {"start": "00:20:51", "end": "00:20:56", "text": "do is as a team, we look at the Bitcoin"}, {"start": "00:20:54", "end": "00:20:59", "text": "gold to Bitcoin ratio or Bitcoin to gold"}, {"start": "00:20:56", "end": "00:21:02", "text": "to keep it simple. Uh that was like in"}, {"start": "00:20:59", "end": "00:21:04", "text": "the high30s and"}, {"start": "00:21:02", "end": "00:21:09", "text": "whenever and this is just five years of"}, {"start": "00:21:04", "end": "00:21:11", "text": "data, but whenever it's hit 13, 14, 15,"}, {"start": "00:21:09", "end": "00:21:13", "text": "you want to and I can send I can send"}, {"start": "00:21:11", "end": "00:21:18", "text": "you the chart. We can show the chart,"}, {"start": "00:21:13", "end": "00:21:19", "text": "but it's a good time to lighten up on on"}, {"start": "00:21:18", "end": "00:21:21", "text": "gold and buy some Bitcoin. So that's"}, {"start": "00:21:19", "end": "00:21:24", "text": "what we did because we were massively"}, {"start": "00:21:21", "end": "00:21:28", "text": "long gold and silver and then also the"}, {"start": "00:21:24", "end": "00:21:29", "text": "Brent gold to Brent ratio, right? That"}, {"start": "00:21:28", "end": "00:21:31", "text": "reached"}, {"start": "00:21:29", "end": "00:21:33", "text": "literally two standard deviations above"}, {"start": "00:21:31", "end": "00:21:36", "text": "the COVID level. So now think think"}, {"start": "00:21:33", "end": "00:21:39", "text": "about how low Brent was, right? Brent"}, {"start": "00:21:36", "end": "00:21:42", "text": "was destroyed and so gold was this ratio"}, {"start": "00:21:39", "end": "00:21:45", "text": "of of gold versus Brent like two months"}, {"start": "00:21:42", "end": "00:21:47", "text": "ago reached I mean parabolic crazy"}, {"start": "00:21:45", "end": "00:21:49", "text": "insane level. Now it's crashed back down"}, {"start": "00:21:47", "end": "00:21:51", "text": "cuz cuz Brent's up and gold's down."}, {"start": "00:21:49", "end": "00:21:53", "text": ">> So yeah, we look for those types of"}, {"start": "00:21:51", "end": "00:21:56", "text": "relationships. And then at the end of"}, {"start": "00:21:53", "end": "00:21:59", "text": "the day, uh, Bitcoin has become I think"}, {"start": "00:21:56", "end": "00:22:01", "text": "the fact that the biggest point is the"}, {"start": "00:21:59", "end": "00:22:03", "text": "fact that it made its way into the ETF"}, {"start": "00:22:01", "end": "00:22:07", "text": "model and it made its way into a more"}, {"start": "00:22:03", "end": "00:22:10", "text": "broad like the fact that Jamie Diamond"}, {"start": "00:22:07", "end": "00:22:14", "text": "was kind of Jamie and uh, Larry Frink"}, {"start": "00:22:10", "end": "00:22:16", "text": "five years ago were kind of like and now"}, {"start": "00:22:14", "end": "00:22:18", "text": "we could Jaime still hasn't embraced it"}, {"start": "00:22:16", "end": "00:22:21", "text": "vocally, but he's embraced it within the"}, {"start": "00:22:18", "end": "00:22:23", "text": "bank. And we know black uh black stone"}, {"start": "00:22:21", "end": "00:22:27", "text": "black rock excuse me with with Larry"}, {"start": "00:22:23", "end": "00:22:31", "text": " has embraced it. So that tells me"}, {"start": "00:22:27", "end": "00:22:35", "text": "that those large draw downs that we saw"}, {"start": "00:22:31", "end": "00:22:37", "text": "those 370% draw downs in Bitcoin because"}, {"start": "00:22:35", "end": "00:22:39", "text": "there's only like 30 families that"}, {"start": "00:22:37", "end": "00:22:40", "text": "control a huge you should know these"}, {"start": "00:22:39", "end": "00:22:43", "text": "numbers but supposedly there's 30"}, {"start": "00:22:40", "end": "00:22:46", "text": "families control 60% of the huge. So"}, {"start": "00:22:43", "end": "00:22:48", "text": "what happens is the market goes in a"}, {"start": "00:22:46", "end": "00:22:49", "text": "risk off. This is what happens to all"}, {"start": "00:22:48", "end": "00:22:52", "text": "these poor young kids, right? They don't"}, {"start": "00:22:49", "end": "00:22:54", "text": "get it. Like you're long a you're long a"}, {"start": "00:22:52", "end": "00:22:56", "text": "high beta asset that moves triple what"}, {"start": "00:22:54", "end": "00:22:59", "text": "the market moves on the downside. That's"}, {"start": "00:22:56", "end": "00:23:01", "text": "why you had the three 70% draw downs."}, {"start": "00:22:59", "end": "00:23:04", "text": "And you've had these families that you"}, {"start": "00:23:01", "end": "00:23:06", "text": "go into an riskoff regime. One family"}, {"start": "00:23:04", "end": "00:23:08", "text": "has a liquidity problem. They need to"}, {"start": "00:23:06", "end": "00:23:11", "text": "sell a lot of Bitcoin in a short period"}, {"start": "00:23:08", "end": "00:23:14", "text": "of time. And that's what causes these"}, {"start": "00:23:11", "end": "00:23:15", "text": "and then then selling beget selling."}, {"start": "00:23:14", "end": "00:23:18", "text": ">> Contagioning risk."}, {"start": "00:23:15", "end": "00:23:21", "text": ">> Now if the the market this is like gold"}, {"start": "00:23:18", "end": "00:23:24", "text": "like what like 75 100 years ago is the"}, {"start": "00:23:21", "end": "00:23:27", "text": "market matures and broadens out those"}, {"start": "00:23:24", "end": "00:23:30", "text": "drawdowns should get less significant."}, {"start": "00:23:27", "end": "00:23:33", "text": "Um, so if you think about the 370% draw"}, {"start": "00:23:30", "end": "00:23:35", "text": "downs for Bitcoin in the last seven"}, {"start": "00:23:33", "end": "00:23:39", "text": "years, gold's biggest draw down in the"}, {"start": "00:23:35", "end": "00:23:41", "text": "last 10 years is about 22%."}, {"start": "00:23:39", "end": "00:23:44", "text": "Maybe we just crossed that again in the"}, {"start": "00:23:41", "end": "00:23:47", "text": "last week, but gold's still a much"}, {"start": "00:23:44", "end": "00:23:49", "text": "better store of value because it's"}, {"start": "00:23:47", "end": "00:23:51", "text": "something that you can put several"}, {"start": "00:23:49", "end": "00:23:53", "text": "million dollars into and you're not"}, {"start": "00:23:51", "end": "00:23:55", "text": "going to get those 70% draw downs. But I"}, {"start": "00:23:53", "end": "00:23:58", "text": "think going forward, Bitcoin is going to"}, {"start": "00:23:55", "end": "00:24:00", "text": "be far less volatile and you want to"}, {"start": "00:23:58", "end": "00:24:03", "text": "have a combination of gold, platinum,"}, {"start": "00:24:00", "end": "00:24:04", "text": "platium, silver, and Bitcoin. Today's"}, {"start": "00:24:03", "end": "00:24:06", "text": "episode is brought to you by Figure. If"}, {"start": "00:24:04", "end": "00:24:08", "text": "you believe in Bitcoin long-term, the"}, {"start": "00:24:06", "end": "00:24:09", "text": "worst move you can make is selling it"}, {"start": "00:24:08", "end": "00:24:11", "text": "just to access liquidity. That's why you"}, {"start": "00:24:09", "end": "00:24:14", "text": "should check out Figure. Right now,"}, {"start": "00:24:11", "end": "00:24:17", "text": "Figure offers cryptoback loans at 8.9%"}, {"start": "00:24:14", "end": "00:24:18", "text": "interest with 50% LTV and so you can"}, {"start": "00:24:17", "end": "00:24:20", "text": "unlock capital without creating a"}, {"start": "00:24:18", "end": "00:24:23", "text": "taxable event or giving up your Bitcoin"}, {"start": "00:24:20", "end": "00:24:24", "text": "exposure. Figure is the largest non-bank"}, {"start": "00:24:23", "end": "00:24:26", "text": "mortgage lender in the United States."}, {"start": "00:24:24", "end": "00:24:28", "text": "They've got over $19 billion unlocked on"}, {"start": "00:24:26", "end": "00:24:29", "text": "their lending platform and now they're"}, {"start": "00:24:28", "end": "00:24:31", "text": "letting Bitcoin holders borrow against"}, {"start": "00:24:29", "end": "00:24:33", "text": "their Bitcoin instead of selling it."}, {"start": "00:24:31", "end": "00:24:36", "text": "Security matters here. So Figure uses"}, {"start": "00:24:33", "end": "00:24:38", "text": "decentralized MPC custody, meaning your"}, {"start": "00:24:36", "end": "00:24:40", "text": "Bitcoin stays in a segregated wallet."}, {"start": "00:24:38", "end": "00:24:42", "text": "It's not rehypothecated. It's not pulled"}, {"start": "00:24:40", "end": "00:24:43", "text": "and it's not sitting on an exchange"}, {"start": "00:24:42", "end": "00:24:45", "text": "balance sheet. They've also rolled out"}, {"start": "00:24:43", "end": "00:24:48", "text": "liquidation protection to help borrowers"}, {"start": "00:24:45", "end": "00:24:49", "text": "during sharp market draw downs. And if"}, {"start": "00:24:48", "end": "00:24:51", "text": "you're stacking sats but also want"}, {"start": "00:24:49", "end": "00:24:55", "text": "yield, democratized prime lets retail"}, {"start": "00:24:51", "end": "00:24:58", "text": "investors earn up to 8.5% APY paid"}, {"start": "00:24:55", "end": "00:25:00", "text": "hourly backed by realworld assets, not"}, {"start": "00:24:58", "end": "00:25:02", "text": "yield games or token inflation. Hold"}, {"start": "00:25:00", "end": "00:25:04", "text": "your Bitcoin, unlock liquidity, or put"}, {"start": "00:25:02", "end": "00:25:06", "text": "capital to work. Check out Figure using"}, {"start": "00:25:04", "end": "00:25:09", "text": "my link in the description or go to"}, {"start": "00:25:06", "end": "00:25:09", "text": "figurearkets.co/pump."}, {"start": "00:25:10", "end": "00:25:13", "text": "Figuremarkets.co/pump."}, {"start": "00:25:16", "end": "00:25:19", "text": "Today's episode is brought to you by"}, {"start": "00:25:17", "end": "00:25:21", "text": "Arch Public. I absolutely love these"}, {"start": "00:25:19", "end": "00:25:23", "text": "guys. Arch Public is an agentic trading"}, {"start": "00:25:21", "end": "00:25:24", "text": "platform that automates the buying and"}, {"start": "00:25:23", "end": "00:25:26", "text": "selling of your preferred crypto"}, {"start": "00:25:24", "end": "00:25:28", "text": "strategies. Using sophisticated"}, {"start": "00:25:26", "end": "00:25:30", "text": "algorithms like the intelligence,"}, {"start": "00:25:28", "end": "00:25:32", "text": "arbitrage, and oracle protocols, Arch"}, {"start": "00:25:30", "end": "00:25:33", "text": "Public executes advanced automated"}, {"start": "00:25:32", "end": "00:25:36", "text": "crypto strategies fully customized to"}, {"start": "00:25:33", "end": "00:25:37", "text": "your goals. Is your aim to accumulate"}, {"start": "00:25:36", "end": "00:25:39", "text": "Bitcoin during market dips, generate"}, {"start": "00:25:37", "end": "00:25:42", "text": "profits from Ethereum volatility, or"}, {"start": "00:25:39", "end": "00:25:44", "text": "sell Salana or XRP in layers as it"}, {"start": "00:25:42", "end": "00:25:46", "text": "reclaims all-time highs? If so, Arch"}, {"start": "00:25:44", "end": "00:25:49", "text": "Public is built for you. Are you worried"}, {"start": "00:25:46", "end": "00:25:51", "text": "about doing it alone? No problem. Arch"}, {"start": "00:25:49", "end": "00:25:53", "text": "Public provides everyone, yes, everyone,"}, {"start": "00:25:51", "end": "00:25:56", "text": "with hands-on, dedicated support from"}, {"start": "00:25:53", "end": "00:25:58", "text": "their concierge team to help implement"}, {"start": "00:25:56", "end": "00:25:59", "text": "the strategy that you choose. As a"}, {"start": "00:25:58", "end": "00:26:01", "text": "preferred trading partner of Coinbase,"}, {"start": "00:25:59", "end": "00:26:03", "text": "Kraken, Robin Hood, and Gemini, Arch"}, {"start": "00:26:01", "end": "00:26:05", "text": "Public offers a proven track record of"}, {"start": "00:26:03", "end": "00:26:07", "text": "security and performance so that you can"}, {"start": "00:26:05", "end": "00:26:10", "text": "trade with confidence. Sign up today at"}, {"start": "00:26:07", "end": "00:26:13", "text": "archpub.com and start your automated"}, {"start": "00:26:10", "end": "00:26:15", "text": "trading strategy for free. No catch, no"}, {"start": "00:26:13", "end": "00:26:18", "text": "hidden fees, just smarter trading. Your"}, {"start": "00:26:15", "end": "00:26:21", "text": "crypto, your exchange, your profits."}, {"start": "00:26:18", "end": "00:26:23", "text": "Arch public. Go to archpub.com and tell"}, {"start": "00:26:21", "end": "00:26:25", "text": "them I sent you. When you start to think"}, {"start": "00:26:23", "end": "00:26:27", "text": "about the dollar dominance, so like put"}, {"start": "00:26:25", "end": "00:26:29", "text": "Bitcoin and gold aside for a second. Um,"}, {"start": "00:26:27", "end": "00:26:31", "text": "it does feel like there are certain"}, {"start": "00:26:29", "end": "00:26:32", "text": "people who are buying those assets on"}, {"start": "00:26:31", "end": "00:26:35", "text": "pure speculation, right? Especially in"}, {"start": "00:26:32", "end": "00:26:37", "text": "Bitcoin, uh, in the early days. Um,"}, {"start": "00:26:35", "end": "00:26:40", "text": ">> now there's a lot of buying, especially"}, {"start": "00:26:37", "end": "00:26:41", "text": "gold that doesn't seem to be very like"}, {"start": "00:26:40", "end": "00:26:43", "text": "speculative in nature. It is central"}, {"start": "00:26:41", "end": "00:26:44", "text": "banks who are using as a defensive tool,"}, {"start": "00:26:43", "end": "00:26:47", "text": "right? They are basically saying I'm"}, {"start": "00:26:44", "end": "00:26:49", "text": "going to get rid of these treasuries, US"}, {"start": "00:26:47", "end": "00:26:51", "text": "dollars, etc. Do we have a problem?"}, {"start": "00:26:49", "end": "00:26:53", "text": "Should should we be concerned about the"}, {"start": "00:26:51", "end": "00:26:53", "text": "US dollar uh as the global reserve"}, {"start": "00:26:53", "end": "00:26:55", "text": "currency?"}, {"start": "00:26:53", "end": "00:26:57", "text": ">> I mean, we talk about this in the book"}, {"start": "00:26:55", "end": "00:26:59", "text": "where"}, {"start": "00:26:57", "end": "00:27:03", "text": "rep last 10 years, Republicans and"}, {"start": "00:26:59", "end": "00:27:05", "text": "Democrats have taken a billy club and"}, {"start": "00:27:03", "end": "00:27:08", "text": "hit many different countries over the"}, {"start": "00:27:05", "end": "00:27:11", "text": "head. Now the Russia example is a good"}, {"start": "00:27:08", "end": "00:27:16", "text": "one because"}, {"start": "00:27:11", "end": "00:27:21", "text": "Russia Ukraine tragedy Russia deserved"}, {"start": "00:27:16", "end": "00:27:23", "text": "u a very strong response. The problem is"}, {"start": "00:27:21", "end": "00:27:25", "text": "when you use your muscle and this is"}, {"start": "00:27:23", "end": "00:27:27", "text": "what I call Washington hubris"}, {"start": "00:27:25", "end": "00:27:29", "text": "Republicans and Democrats. Hubris is one"}, {"start": "00:27:27", "end": "00:27:31", "text": "of my favorite words because the Leman"}, {"start": "00:27:29", "end": "00:27:32", "text": "the Lehman management team. Our first"}, {"start": "00:27:31", "end": "00:27:35", "text": "book was about Leman. It was a New York"}, {"start": "00:27:32", "end": "00:27:37", "text": "Times bestseller and it's about I was on"}, {"start": "00:27:35", "end": "00:27:39", "text": "the deck of the Titanic and we're"}, {"start": "00:27:37", "end": "00:27:40", "text": "heading toward the iceberg"}, {"start": "00:27:39", "end": "00:27:41", "text": ">> and in like"}, {"start": "00:27:40", "end": "00:27:42", "text": ">> you called it and said hey there's"}, {"start": "00:27:41", "end": "00:27:44", "text": "iceberg ahead."}, {"start": "00:27:42", "end": "00:27:45", "text": ">> Well I that's one thing once again great"}, {"start": "00:27:44", "end": "00:27:47", "text": "mentors"}, {"start": "00:27:45", "end": "00:27:50", "text": ">> Mike Gelban saw this coming and he's he"}, {"start": "00:27:47", "end": "00:27:52", "text": "was like the star of of the book. Uh he"}, {"start": "00:27:50", "end": "00:27:54", "text": "now founded Exodus Point which is like8"}, {"start": "00:27:52", "end": "00:27:57", "text": "billion dollar fund. Mike is my amazing"}, {"start": "00:27:54", "end": "00:28:00", "text": "guy my former boss. But, you know, I"}, {"start": "00:27:57", "end": "00:28:02", "text": "look at today and I I just think, you"}, {"start": "00:28:00", "end": "00:28:04", "text": "know, that"}, {"start": "00:28:02", "end": "00:28:08", "text": "that volatility"}, {"start": "00:28:04", "end": "00:28:11", "text": "that um looking back to '08 and looking"}, {"start": "00:28:08", "end": "00:28:14", "text": "back to today and you know, looking at"}, {"start": "00:28:11", "end": "00:28:15", "text": "the potential for some type of large"}, {"start": "00:28:14", "end": "00:28:18", "text": "event"}, {"start": "00:28:15", "end": "00:28:21", "text": ">> is high now. And so, you want to have"}, {"start": "00:28:18", "end": "00:28:23", "text": "your assets not so much in what we call"}, {"start": "00:28:21", "end": "00:28:25", "text": "financial assets. So, there's there's"}, {"start": "00:28:23", "end": "00:28:28", "text": "two things. You could have your assets"}, {"start": "00:28:25", "end": "00:28:30", "text": "and financial assets which are bonds and"}, {"start": "00:28:28", "end": "00:28:34", "text": "and stocks. Those are just paper"}, {"start": "00:28:30", "end": "00:28:37", "text": "certificates. Um we we think that"}, {"start": "00:28:34", "end": "00:28:39", "text": "there's a big dollar moment where dollar"}, {"start": "00:28:37", "end": "00:28:42", "text": "debasement is so prevalent around the"}, {"start": "00:28:39", "end": "00:28:44", "text": "world, country after country. Now we're"}, {"start": "00:28:42", "end": "00:28:46", "text": "hitting punching Iran upside the head."}, {"start": "00:28:44", "end": "00:28:48", "text": "We're going after Greenland. Uh we"}, {"start": "00:28:46", "end": "00:28:50", "text": "obviously went into Venezuela. both"}, {"start": "00:28:48", "end": "00:28:54", "text": "Republicans, Democrats have had this"}, {"start": "00:28:50", "end": "00:28:56", "text": "hubris around kind of disrespecting"}, {"start": "00:28:54", "end": "00:28:59", "text": "global trading partners and global"}, {"start": "00:28:56", "end": "00:29:01", "text": "partners of all kinds uh hitting Russia"}, {"start": "00:28:59", "end": "00:29:04", "text": "upside the head with property"}, {"start": "00:29:01", "end": "00:29:07", "text": "confiscation. So is the natural path"}, {"start": "00:29:04", "end": "00:29:10", "text": "globally away from the dollar into hard"}, {"start": "00:29:07", "end": "00:29:12", "text": "assets uh the next 10 years and into"}, {"start": "00:29:10", "end": "00:29:16", "text": "things like Bitcoin? I think so with the"}, {"start": "00:29:12", "end": "00:29:19", "text": "and remember the dollar ownership got so"}, {"start": "00:29:16", "end": "00:29:21", "text": "crazy out of whack. It was like 60 70"}, {"start": "00:29:19", "end": "00:29:24", "text": "68%"}, {"start": "00:29:21", "end": "00:29:26", "text": "of global assets were in dollars, right?"}, {"start": "00:29:24", "end": "00:29:28", "text": "Like it it got really extreme to the"}, {"start": "00:29:26", "end": "00:29:29", "text": "point where we used to call it the"}, {"start": "00:29:28", "end": "00:29:34", "text": "dollar wrecking ball. Like if the dollar"}, {"start": "00:29:29", "end": "00:29:36", "text": "rallied 20 30, you know, 15%. It caused"}, {"start": "00:29:34", "end": "00:29:40", "text": "like massive disruptions in the world."}, {"start": "00:29:36", "end": "00:29:43", "text": "And so people got global community got"}, {"start": "00:29:40", "end": "00:29:45", "text": "so long dollars in like 2018 1920 and"}, {"start": "00:29:43", "end": "00:29:47", "text": "now uh this this move by the white house"}, {"start": "00:29:45", "end": "00:29:50", "text": "with Trump all these different moves"}, {"start": "00:29:47", "end": "00:29:52", "text": "plus Democrats Republicans it's hubris"}, {"start": "00:29:50", "end": "00:29:55", "text": "and yeah and I think the dollar is going"}, {"start": "00:29:52", "end": "00:29:57", "text": "to lose control on the downside the next"}, {"start": "00:29:55", "end": "00:29:59", "text": "10 years as all this is happening one"}, {"start": "00:29:57", "end": "00:30:02", "text": "area where there are stress and cracks"}, {"start": "00:29:59", "end": "00:30:04", "text": "is private credit and um I think that uh"}, {"start": "00:30:02", "end": "00:30:06", "text": "there's the headlines which are driving"}, {"start": "00:30:04", "end": "00:30:07", "text": "more concerns and leading to the"}, {"start": "00:30:06", "end": "00:30:09", "text": "redemptions and then the gating and and"}, {"start": "00:30:07", "end": "00:30:11", "text": "there's kind of like a whole psychology"}, {"start": "00:30:09", "end": "00:30:12", "text": "to it, but the underlying asset, are you"}, {"start": "00:30:11", "end": "00:30:14", "text": "worried about it? Do you think you"}, {"start": "00:30:12", "end": "00:30:16", "text": "there's real issues there or is this"}, {"start": "00:30:14", "end": "00:30:18", "text": "more of a psychological, you know, kind"}, {"start": "00:30:16", "end": "00:30:20", "text": "of phenomenon and and there's uh kind of"}, {"start": "00:30:18", "end": "00:30:21", "text": "maybe more panic than there is real"}, {"start": "00:30:20", "end": "00:30:22", "text": "concern?"}, {"start": "00:30:21", "end": "00:30:26", "text": ">> Okay. So,"}, {"start": "00:30:22", "end": "00:30:28", "text": "it's not as big as the subprime mess,"}, {"start": "00:30:26", "end": "00:30:31", "text": "but because the size"}, {"start": "00:30:28", "end": "00:30:34", "text": ">> Yeah, the size. Well, so what happened"}, {"start": "00:30:31", "end": "00:30:38", "text": "is and um Boaz Weinstein, I really"}, {"start": "00:30:34", "end": "00:30:42", "text": "respect Saba and u Karen Goodwin um"}, {"start": "00:30:38", "end": "00:30:45", "text": "they've been out there on Twitter"}, {"start": "00:30:42", "end": "00:30:48", "text": "educating people about what happened is"}, {"start": "00:30:45", "end": "00:30:50", "text": "the financial advisors of America, the"}, {"start": "00:30:48", "end": "00:30:53", "text": "Maril Lynches of the world and Morgan,"}, {"start": "00:30:50", "end": "00:30:53", "text": "they"}, {"start": "00:30:54", "end": "00:30:59", "text": "the private credit community went into"}, {"start": "00:30:56", "end": "00:31:02", "text": "these guys offering luscious ious,"}, {"start": "00:30:59", "end": "00:31:04", "text": "gorgeous financial incentives for the"}, {"start": "00:31:02", "end": "00:31:08", "text": "branch managers, for the management"}, {"start": "00:31:04", "end": "00:31:10", "text": "teams to really shoehorn their financial"}, {"start": "00:31:08", "end": "00:31:13", "text": "advisors. Like if you're a financial"}, {"start": "00:31:10", "end": "00:31:16", "text": "advisor in LA, I we were out there like"}, {"start": "00:31:13", "end": "00:31:19", "text": "last summer and the guy said in like in"}, {"start": "00:31:16", "end": "00:31:22", "text": "the last month and a half there've been"}, {"start": "00:31:19", "end": "00:31:24", "text": "12 different wholesalers from the"}, {"start": "00:31:22", "end": "00:31:28", "text": "private credit group that are coming in"}, {"start": "00:31:24", "end": "00:31:30", "text": "and trying to jam this garbage down the"}, {"start": "00:31:28", "end": "00:31:32", "text": "throats of financial advisors. But in"}, {"start": "00:31:30", "end": "00:31:34", "text": "order Anthony, in order to get the"}, {"start": "00:31:32", "end": "00:31:37", "text": "financial advisors and high net worth"}, {"start": "00:31:34", "end": "00:31:41", "text": "individuals and you know I don't want to"}, {"start": "00:31:37", "end": "00:31:42", "text": "say dumb money but in every cycle"}, {"start": "00:31:41", "end": "00:31:45", "text": "um"}, {"start": "00:31:42", "end": "00:31:50", "text": "there's early money and late money into"}, {"start": "00:31:45", "end": "00:31:52", "text": "an asset class. And so they needed that"}, {"start": "00:31:50", "end": "00:31:54", "text": "last stage of liquidity to provide exit"}, {"start": "00:31:52", "end": "00:31:57", "text": "liquidity for some of the early"}, {"start": "00:31:54", "end": "00:32:00", "text": "investors. And they promised these"}, {"start": "00:31:57", "end": "00:32:01", "text": "financial advisors and their clients"}, {"start": "00:32:00", "end": "00:32:02", "text": "quarterly liquidity."}, {"start": "00:32:01", "end": "00:32:06", "text": ">> Mhm."}, {"start": "00:32:02", "end": "00:32:09", "text": ">> On an asset that is disgustingly"}, {"start": "00:32:06", "end": "00:32:11", "text": "illquid. Because imagine a private"}, {"start": "00:32:09", "end": "00:32:13", "text": "credit portfolio. This is like a basket"}, {"start": "00:32:11", "end": "00:32:16", "text": "of like"}, {"start": "00:32:13", "end": "00:32:18", "text": "150 200 companies that are all around"}, {"start": "00:32:16", "end": "00:32:22", "text": "the United States. They're not publicly"}, {"start": "00:32:18", "end": "00:32:27", "text": "traded. Uh their their financials are"}, {"start": "00:32:22", "end": "00:32:29", "text": "okay. we who knows mystery meat. And um"}, {"start": "00:32:27", "end": "00:32:34", "text": "when I sat down with Charlie Munger, he"}, {"start": "00:32:29", "end": "00:32:37", "text": "said um you know just you know just that"}, {"start": "00:32:34", "end": "00:32:40", "text": "the hubris that you see coming into"}, {"start": "00:32:37", "end": "00:32:41", "text": "markets and in bull markets that can"}, {"start": "00:32:40", "end": "00:32:44", "text": "really get out of hand. So the bottom"}, {"start": "00:32:41", "end": "00:32:48", "text": "line with private credit is this"}, {"start": "00:32:44", "end": "00:32:50", "text": "quarterly liquidity is creating these"}, {"start": "00:32:48", "end": "00:32:52", "text": "gates. All that means for for people"}, {"start": "00:32:50", "end": "00:32:54", "text": "watching us right now is because they"}, {"start": "00:32:52", "end": "00:32:58", "text": "promised this group of people quarterly"}, {"start": "00:32:54", "end": "00:33:00", "text": "liquidity um the gates are typically 5%."}, {"start": "00:32:58", "end": "00:33:04", "text": "And what we've seen across like seven"}, {"start": "00:33:00", "end": "00:33:07", "text": "different uh private credit players the"}, {"start": "00:33:04", "end": "00:33:10", "text": "demand for the uh liquidity is like 10"}, {"start": "00:33:07", "end": "00:33:11", "text": "15%. So you so people want 15% of the"}, {"start": "00:33:10", "end": "00:33:13", "text": "people want the money back but they're"}, {"start": "00:33:11", "end": "00:33:16", "text": "only giving 5%"}, {"start": "00:33:13", "end": "00:33:18", "text": ">> per quarter. And that's where it creates"}, {"start": "00:33:16", "end": "00:33:19", "text": "more of a run. And that's"}, {"start": "00:33:18", "end": "00:33:20", "text": ">> because people see that and then say,"}, {"start": "00:33:19", "end": "00:33:21", "text": "\"Hey, wait, wait, wait, wait. Let me get"}, {"start": "00:33:20", "end": "00:33:23", "text": "first in line.\" Right."}, {"start": "00:33:21", "end": "00:33:26", "text": ">> Yeah. And Exactly. And then that spills"}, {"start": "00:33:23", "end": "00:33:28", "text": "over to high yield and credit like the"}, {"start": "00:33:26", "end": "00:33:32", "text": "Greek legendary like Greek word for"}, {"start": "00:33:28", "end": "00:33:34", "text": "credite is is about trusts. And what's"}, {"start": "00:33:32", "end": "00:33:37", "text": "amazing about Lehman and the financial"}, {"start": "00:33:34", "end": "00:33:40", "text": "crisis in my first book is that the"}, {"start": "00:33:37", "end": "00:33:43", "text": "trust when it breaks it waterfalls"}, {"start": "00:33:40", "end": "00:33:45", "text": "because there's just like a massive run"}, {"start": "00:33:43", "end": "00:33:47", "text": "on the bank. Um, in this case, there's a"}, {"start": "00:33:45", "end": "00:33:50", "text": "run on all those business development"}, {"start": "00:33:47", "end": "00:33:52", "text": "companies and and the KKKRS, the private"}, {"start": "00:33:50", "end": "00:33:55", "text": "credit and the and the private equity"}, {"start": "00:33:52", "end": "00:33:56", "text": "companies that went all in on this space"}, {"start": "00:33:55", "end": "00:33:58", "text": "and now that's spilling over to the"}, {"start": "00:33:56", "end": "00:34:00", "text": "banks. Like look at the financials this"}, {"start": "00:33:58", "end": "00:34:03", "text": "year. The financials are underperforming"}, {"start": "00:34:00", "end": "00:34:06", "text": "the S&P by the most since almost"}, {"start": "00:34:03", "end": "00:34:08", "text": ">> Lehman. When um when you think about uh"}, {"start": "00:34:06", "end": "00:34:09", "text": "private credit having these cracks,"}, {"start": "00:34:08", "end": "00:34:11", "text": "let's say that there are real concerns"}, {"start": "00:34:09", "end": "00:34:12", "text": "there and the marks are wrong and and"}, {"start": "00:34:11", "end": "00:34:15", "text": "kind of all the things that are alleged"}, {"start": "00:34:12", "end": "00:34:17", "text": "are true, does that mean private equity"}, {"start": "00:34:15", "end": "00:34:19", "text": "also has issue? Because if private"}, {"start": "00:34:17", "end": "00:34:21", "text": "credit sitting at the top of the stack"}, {"start": "00:34:19", "end": "00:34:22", "text": "has the issue, well, what about the guys"}, {"start": "00:34:21", "end": "00:34:24", "text": "underneath? Like is the equity were"}, {"start": "00:34:22", "end": "00:34:26", "text": "zero?"}, {"start": "00:34:24", "end": "00:34:28", "text": ">> It it's right. It's well now now when"}, {"start": "00:34:26", "end": "00:34:30", "text": "you say that you're 100% right around"}, {"start": "00:34:28", "end": "00:34:34", "text": "like like if you look at a normal"}, {"start": "00:34:30", "end": "00:34:36", "text": "company will have private credit is"}, {"start": "00:34:34", "end": "00:34:37", "text": "sitting above private equity. The good"}, {"start": "00:34:36", "end": "00:34:41", "text": "news for private equity is there is a"}, {"start": "00:34:37", "end": "00:34:43", "text": "good chunk of it that um is not levered."}, {"start": "00:34:41", "end": "00:34:45", "text": "There's some some chunk of it. This is"}, {"start": "00:34:43", "end": "00:34:47", "text": "where somebody has to do the math like"}, {"start": "00:34:45", "end": "00:34:49", "text": ">> so in other words let's just say you"}, {"start": "00:34:47", "end": "00:34:52", "text": "have a trillion dollars of private"}, {"start": "00:34:49", "end": "00:34:54", "text": "equity. I'd say at least 40% of that"}, {"start": "00:34:52", "end": "00:34:57", "text": "those companies are pretty levered."}, {"start": "00:34:54", "end": "00:34:58", "text": "Maybe maybe maybe 60%. Um there'll be"}, {"start": "00:34:57", "end": "00:35:01", "text": "some slug of that that's not really"}, {"start": "00:34:58", "end": "00:35:04", "text": "lever. So yeah, on the 60% of the of"}, {"start": "00:35:01", "end": "00:35:07", "text": "that just trillion dollar slice, 65%."}, {"start": "00:35:04", "end": "00:35:08", "text": "Yeah, there's private e private credits"}, {"start": "00:35:07", "end": "00:35:10", "text": "above and it's just going to cram down"}, {"start": "00:35:08", "end": "00:35:15", "text": "the value of private equity. And that's"}, {"start": "00:35:10", "end": "00:35:18", "text": "why you're seeing KKR, Blackstone,"}, {"start": "00:35:15", "end": "00:35:20", "text": "um, all these companies are down like"}, {"start": "00:35:18", "end": "00:35:21", "text": "40, 50, 60%."}, {"start": "00:35:20", "end": "00:35:23", "text": ">> Mhm."}, {"start": "00:35:21", "end": "00:35:26", "text": ">> On the on the equity side."}, {"start": "00:35:23", "end": "00:35:28", "text": ">> Mhm. It, um, as I watch this all play"}, {"start": "00:35:26", "end": "00:35:31", "text": "out, it then brings me back to, okay, if"}, {"start": "00:35:28", "end": "00:35:33", "text": "you're an investor and you're watching a"}, {"start": "00:35:31", "end": "00:35:35", "text": "transition from financials, uh, or"}, {"start": "00:35:33", "end": "00:35:38", "text": "financialized type of, uh, software,"}, {"start": "00:35:35", "end": "00:35:43", "text": "etc., to hard assets, private credit has"}, {"start": "00:35:38", "end": "00:35:45", "text": "cracks. Uh the US dollar is trash. Um"}, {"start": "00:35:43", "end": "00:35:46", "text": "treasuries uh did the exact opposite"}, {"start": "00:35:45", "end": "00:35:49", "text": "what everyone thought would happen with"}, {"start": "00:35:46", "end": "00:35:52", "text": "the conflict. Um"}, {"start": "00:35:49", "end": "00:35:54", "text": "where do you go? Right? Like is it just"}, {"start": "00:35:52", "end": "00:35:56", "text": "literally find hard assets and it's you"}, {"start": "00:35:54", "end": "00:35:57", "text": "know real estate, gold, Bitcoin and and"}, {"start": "00:35:56", "end": "00:36:00", "text": "those types of assets."}, {"start": "00:35:57", "end": "00:36:02", "text": ">> Well when I sat down so I sat down with"}, {"start": "00:36:00", "end": "00:36:05", "text": "some great people in the book. I sat"}, {"start": "00:36:02", "end": "00:36:08", "text": "down with David Temper, um, Einhorn Hall"}, {"start": "00:36:05", "end": "00:36:11", "text": "of Famer, David Greenlight Capital, but"}, {"start": "00:36:08", "end": "00:36:15", "text": "I was in Omaha with Charlie Munger and,"}, {"start": "00:36:11", "end": "00:36:18", "text": "uh, I'll never forget, he said, Larry,"}, {"start": "00:36:15", "end": "00:36:20", "text": "always beware beware of the three L's. I"}, {"start": "00:36:18", "end": "00:36:25", "text": "said, Charlie, what are the three L's?"}, {"start": "00:36:20", "end": "00:36:27", "text": "Said, liquor, ladies, and leverage."}, {"start": "00:36:25", "end": "00:36:29", "text": "And then I was laughing and he was like"}, {"start": "00:36:27", "end": "00:36:33", "text": "and he he and he t just talked about the"}, {"start": "00:36:29", "end": "00:36:34", "text": "cycles of like about and like he he was"}, {"start": "00:36:33", "end": "00:36:37", "text": "almost talking about the future around"}, {"start": "00:36:34", "end": "00:36:39", "text": "like private credit was just it's just"}, {"start": "00:36:37", "end": "00:36:41", "text": "another version of other instances. And"}, {"start": "00:36:39", "end": "00:36:43", "text": "he said there's only there's only one"}, {"start": "00:36:41", "end": "00:36:47", "text": "thing worse than three L's. It's the"}, {"start": "00:36:43", "end": "00:36:50", "text": "three M's. I said Charlie what what are"}, {"start": "00:36:47", "end": "00:36:53", "text": "the three M's? He said mark to market,"}, {"start": "00:36:50", "end": "00:36:57", "text": "mark to model and mark to myth. Mhm."}, {"start": "00:36:53", "end": "00:37:00", "text": ">> And the point is is that those three L's"}, {"start": "00:36:57", "end": "00:37:03", "text": "and those three M's go back 50, 60, 70"}, {"start": "00:37:00", "end": "00:37:06", "text": "years and history just repeats. It's"}, {"start": "00:37:03", "end": "00:37:08", "text": "just a different flavor every time."}, {"start": "00:37:06", "end": "00:37:09", "text": ">> Can we get prolonged recessions in the"}, {"start": "00:37:08", "end": "00:37:11", "text": "United States? Like one of my theories"}, {"start": "00:37:09", "end": "00:37:13", "text": "has always been for now a couple years,"}, {"start": "00:37:11", "end": "00:37:15", "text": "we've pretty much outlawed these things,"}, {"start": "00:37:13", "end": "00:37:16", "text": "right? If we get some sort of big next"}, {"start": "00:37:15", "end": "00:37:18", "text": "global financial crisis, the central"}, {"start": "00:37:16", "end": "00:37:20", "text": "bank, you know, they dust off the old"}, {"start": "00:37:18", "end": "00:37:21", "text": "playbook. They got it. We're going to go"}, {"start": "00:37:20", "end": "00:37:23", "text": "interest rates to zero. We're going to"}, {"start": "00:37:21", "end": "00:37:24", "text": "print trillions of dollars. We know"}, {"start": "00:37:23", "end": "00:37:26", "text": "we'll destroy the dollar over the long"}, {"start": "00:37:24", "end": "00:37:27", "text": "run, but I promise guys, be careful. You"}, {"start": "00:37:26", "end": "00:37:28", "text": "know, the stock market will be back to"}, {"start": "00:37:27", "end": "00:37:30", "text": "all-time highs before the end of the"}, {"start": "00:37:28", "end": "00:37:33", "text": "year. Agree with that or no?"}, {"start": "00:37:30", "end": "00:37:35", "text": ">> Well, I would say right now, if you"}, {"start": "00:37:33", "end": "00:37:38", "text": "think about trade,"}, {"start": "00:37:35", "end": "00:37:41", "text": "2-year treasuries have gone this vicious"}, {"start": "00:37:38", "end": "00:37:43", "text": "selloff. So, interest rates are up on"}, {"start": "00:37:41", "end": "00:37:46", "text": "two-year treasuries. Bond prices are"}, {"start": "00:37:43", "end": "00:37:48", "text": "down. And I'm seeing some of the most"}, {"start": "00:37:46", "end": "00:37:51", "text": "sophisticated institutional clients"}, {"start": "00:37:48", "end": "00:37:53", "text": "buying twos here because of this private"}, {"start": "00:37:51", "end": "00:37:54", "text": "credit situation. So Trump tries to do"}, {"start": "00:37:53", "end": "00:37:57", "text": "the off-ramp."}, {"start": "00:37:54", "end": "00:38:00", "text": "Um this time the off-ramp is coming into"}, {"start": "00:37:57", "end": "00:38:02", "text": "a private credit crisis. It's coming"}, {"start": "00:38:00", "end": "00:38:05", "text": "into a crisis where oil's made this big"}, {"start": "00:38:02", "end": "00:38:08", "text": "move, crunch the consumer,"}, {"start": "00:38:05", "end": "00:38:12", "text": "and then AI is disrupting lots of jobs."}, {"start": "00:38:08", "end": "00:38:13", "text": "So that's like you said that brings on"}, {"start": "00:38:12", "end": "00:38:17", "text": "recession risk. Goldman just went from"}, {"start": "00:38:13", "end": "00:38:19", "text": "like 10 15% to 30%. In terms of"}, {"start": "00:38:17", "end": "00:38:20", "text": "recession probability uh when you"}, {"start": "00:38:19", "end": "00:38:22", "text": ">> by the way when that happens I have to"}, {"start": "00:38:20", "end": "00:38:24", "text": "remind everyone because they did you"}, {"start": "00:38:22", "end": "00:38:26", "text": "know a bunch of these guys the"}, {"start": "00:38:24", "end": "00:38:28", "text": "prediction markets are up etc. Even if"}, {"start": "00:38:26", "end": "00:38:30", "text": "you're at 30 or 40% that still means"}, {"start": "00:38:28", "end": "00:38:32", "text": "that there's a higher probability that"}, {"start": "00:38:30", "end": "00:38:35", "text": "we don't get the recession. Right. It's"}, {"start": "00:38:32", "end": "00:38:37", "text": "only after 50% is it more likely that"}, {"start": "00:38:35", "end": "00:38:37", "text": "No, you're 100% direction of travel is"}, {"start": "00:38:37", "end": "00:38:38", "text": "still important."}, {"start": "00:38:37", "end": "00:38:40", "text": ">> Yeah. When you're when you're in that"}, {"start": "00:38:38", "end": "00:38:41", "text": "little zone. Yeah. There's a there's a"}, {"start": "00:38:40", "end": "00:38:44", "text": "zone there that you're talking about."}, {"start": "00:38:41", "end": "00:38:46", "text": "You're 100% right. But I think that the"}, {"start": "00:38:44", "end": "00:38:48", "text": "street is caught off guard on the"}, {"start": "00:38:46", "end": "00:38:50", "text": "private credit thing. And so the bottom"}, {"start": "00:38:48", "end": "00:38:53", "text": "line is, yeah, the next recession"}, {"start": "00:38:50", "end": "00:38:54", "text": "they're go they go all in. They cut"}, {"start": "00:38:53", "end": "00:38:56", "text": "rates aggressively. That's why if you"}, {"start": "00:38:54", "end": "00:38:58", "text": "buy twos here, if you buy a two-year"}, {"start": "00:38:56", "end": "00:39:01", "text": "bond here or a threeyear note, a"}, {"start": "00:38:58", "end": "00:39:03", "text": "threeear a three-year Treasury, um"}, {"start": "00:39:01", "end": "00:39:06", "text": "you're getting close to four and a half"}, {"start": "00:39:03", "end": "00:39:07", "text": "percent, but if the bond if if if"}, {"start": "00:39:06", "end": "00:39:08", "text": "interest rates go down, the bond price"}, {"start": "00:39:07", "end": "00:39:12", "text": "could go up. So you can actually make"}, {"start": "00:39:08", "end": "00:39:15", "text": "10% in in short-term treasuries. now if"}, {"start": "00:39:12", "end": "00:39:17", "text": "we go into a hard landing. So that's one"}, {"start": "00:39:15", "end": "00:39:20", "text": "thing I'm seeing people do. But then to"}, {"start": "00:39:17", "end": "00:39:21", "text": "your point is the next time we go in the"}, {"start": "00:39:20", "end": "00:39:24", "text": "debt to G G G G G G G G G G G G G G G G"}, {"start": "00:39:21", "end": "00:39:27", "text": "G G G G GDP is is when Lehman went down"}, {"start": "00:39:24", "end": "00:39:30", "text": "debt to GDP was 75 80%. Right. Now we're"}, {"start": "00:39:27", "end": "00:39:32", "text": "going in at 120 125%."}, {"start": "00:39:30", "end": "00:39:36", "text": "So what that means is when they do the"}, {"start": "00:39:32", "end": "00:39:38", "text": "QE lever this time uh the hit to the"}, {"start": "00:39:36", "end": "00:39:40", "text": "dollar is worse. That's why that's why I"}, {"start": "00:39:38", "end": "00:39:43", "text": "think we're coming into this golden age"}, {"start": "00:39:40", "end": "00:39:45", "text": "of hard assets or companies that control"}, {"start": "00:39:43", "end": "00:39:48", "text": "assets. Your energy sector, your"}, {"start": "00:39:45", "end": "00:39:51", "text": "industrials, your materials are probably"}, {"start": "00:39:48", "end": "00:39:53", "text": "going to go from 12 to 14% of the S&P to"}, {"start": "00:39:51", "end": "00:39:55", "text": "maybe 30% of the S&P over the next 5"}, {"start": "00:39:53", "end": "00:39:57", "text": "years because of what you just talked"}, {"start": "00:39:55", "end": "00:39:59", "text": "about. What are you concerned about"}, {"start": "00:39:57", "end": "00:40:00", "text": "right now um in uh financial markets"}, {"start": "00:39:59", "end": "00:40:01", "text": "that maybe other people are not thinking"}, {"start": "00:40:00", "end": "00:40:04", "text": "about? Is there anything that you're"}, {"start": "00:40:01", "end": "00:40:05", "text": "like, \"Hey, this is a huge red flag to"}, {"start": "00:40:04", "end": "00:40:07", "text": "me, but I don't hear people talking"}, {"start": "00:40:05", "end": "00:40:09", "text": "about it.\" Um,"}, {"start": "00:40:07", "end": "00:40:11", "text": "you know, the the the job loss thing on"}, {"start": "00:40:09", "end": "00:40:14", "text": "AI people are starting to talk about,"}, {"start": "00:40:11", "end": "00:40:15", "text": "but like you could you could have like"}, {"start": "00:40:14", "end": "00:40:18", "text": "hundreds of thousands of job losses"}, {"start": "00:40:15", "end": "00:40:20", "text": "later on the year from disruption that"}, {"start": "00:40:18", "end": "00:40:23", "text": "comes in from just look at companies"}, {"start": "00:40:20", "end": "00:40:24", "text": "like Expedia. Um,"}, {"start": "00:40:23", "end": "00:40:28", "text": "there's a lot of companies that could"}, {"start": "00:40:24", "end": "00:40:33", "text": "really get wiped out. Um"}, {"start": "00:40:28", "end": "00:40:37", "text": "then I think that central banks"}, {"start": "00:40:33", "end": "00:40:41", "text": "uh ownership of different assets right"}, {"start": "00:40:37", "end": "00:40:44", "text": "so ownership of treasuries"}, {"start": "00:40:41", "end": "00:40:46", "text": "uh the UK I think is a big situation"}, {"start": "00:40:44", "end": "00:40:48", "text": "right uh Nigel Farage is probably going"}, {"start": "00:40:46", "end": "00:40:50", "text": "to be the next prime minister but"}, {"start": "00:40:48", "end": "00:40:52", "text": "they're like a much dirtier shirt than"}, {"start": "00:40:50", "end": "00:40:55", "text": "the United States so they've already had"}, {"start": "00:40:52", "end": "00:40:56", "text": "that Liz trust moment all that means is"}, {"start": "00:40:55", "end": "00:40:58", "text": "they're kind"}, {"start": "00:40:56", "end": "00:41:01", "text": "They've got this the situation with"}, {"start": "00:40:58", "end": "00:41:03", "text": "natural gas and LNG in Europe is much"}, {"start": "00:41:01", "end": "00:41:06", "text": "worse. So, it's causing much more"}, {"start": "00:41:03", "end": "00:41:10", "text": "inflation. So, the UK could have like a"}, {"start": "00:41:06", "end": "00:41:12", "text": "real sovereign crisis because they're"}, {"start": "00:41:10", "end": "00:41:14", "text": "going into recession. They're really"}, {"start": "00:41:12", "end": "00:41:16", "text": "levered. The central bank wants to hike"}, {"start": "00:41:14", "end": "00:41:19", "text": "rates. The last time that happened was"}, {"start": "00:41:16", "end": "00:41:20", "text": "the Liz Trust moment where the natural"}, {"start": "00:41:19", "end": "00:41:23", "text": "tendency of central banks is when the"}, {"start": "00:41:20", "end": "00:41:26", "text": "inflation spikes because of say energy,"}, {"start": "00:41:23", "end": "00:41:28", "text": "they try to hike rates to slow down"}, {"start": "00:41:26", "end": "00:41:30", "text": "things. And when you do that, when"}, {"start": "00:41:28", "end": "00:41:35", "text": "you're really that levered, you could"}, {"start": "00:41:30", "end": "00:41:38", "text": "have a run on like a UK situation where"}, {"start": "00:41:35", "end": "00:41:39", "text": "people really panic out of the"}, {"start": "00:41:38", "end": "00:41:41", "text": "government bonds of say the United"}, {"start": "00:41:39", "end": "00:41:42", "text": "Kingdom. And that potentially that"}, {"start": "00:41:41", "end": "00:41:44", "text": "potentially would help two-year"}, {"start": "00:41:42", "end": "00:41:46", "text": "treasuries because people would run into"}, {"start": "00:41:44", "end": "00:41:47", "text": "twos for the short term. That would help"}, {"start": "00:41:46", "end": "00:41:49", "text": "the dollar a little bit for the short"}, {"start": "00:41:47", "end": "00:41:51", "text": "term. But that's probably my wild card."}, {"start": "00:41:49", "end": "00:41:52", "text": ">> If somebody buys the book, what are they"}, {"start": "00:41:51", "end": "00:41:53", "text": "going to learn?"}, {"start": "00:41:52", "end": "00:41:56", "text": ">> They're going to learn about great"}, {"start": "00:41:53", "end": "00:41:59", "text": "mentors, building relationships,"}, {"start": "00:41:56", "end": "00:42:01", "text": "inspiration about, you know, I was I"}, {"start": "00:41:59", "end": "00:42:03", "text": "started off as a pork chop salesman off"}, {"start": "00:42:01", "end": "00:42:06", "text": "at Cape Cod. I mean, I'm no brainiac. I"}, {"start": "00:42:03", "end": "00:42:09", "text": "just I work really hard at building"}, {"start": "00:42:06", "end": "00:42:11", "text": "relationships, building great mentors."}, {"start": "00:42:09", "end": "00:42:13", "text": "The book"}, {"start": "00:42:11", "end": "00:42:15", "text": "it's it's a little bit more complex than"}, {"start": "00:42:13", "end": "00:42:17", "text": "my my first book. The first book anybody"}, {"start": "00:42:15", "end": "00:42:21", "text": "could read. This book has very"}, {"start": "00:42:17", "end": "00:42:23", "text": "entertaining parts of it, but also some"}, {"start": "00:42:21", "end": "00:42:26", "text": "complex parts. But people are just going"}, {"start": "00:42:23", "end": "00:42:28", "text": "to learn like"}, {"start": "00:42:26", "end": "00:42:30", "text": "30 years of investing secrets"}, {"start": "00:42:28", "end": "00:42:32", "text": ">> that I've gathered from all the great"}, {"start": "00:42:30", "end": "00:42:34", "text": "mentors."}, {"start": "00:42:32", "end": "00:42:36", "text": ">> Well, I hope people go and pick it up."}, {"start": "00:42:34", "end": "00:42:38", "text": "Um, the book is How to Listen When"}, {"start": "00:42:36", "end": "00:42:39", "text": "Markets Speak and uh, your first one was"}, {"start": "00:42:38", "end": "00:42:40", "text": "excellent, so I'm assuming this one is"}, {"start": "00:42:39", "end": "00:42:41", "text": "good, too."}, {"start": "00:42:40", "end": "00:42:43", "text": ">> Thank you. And sorry about the book"}, {"start": "00:42:41", "end": "00:42:44", "text": "plugs, but I tell my wife,"}, {"start": "00:42:43", "end": "00:42:45", "text": ">> \"Hey, if you're not plugging, then uh,"}, {"start": "00:42:44", "end": "00:42:48", "text": "no one's going to buy it.\""}, {"start": "00:42:45", "end": "00:42:50", "text": ">> As a former Leman trader over Sunday"}, {"start": "00:42:48", "end": "00:42:52", "text": "brunch, say, \"Honey, if we sell a"}, {"start": "00:42:50", "end": "00:42:56", "text": "million books, we'll break even on our"}, {"start": "00:42:52", "end": "00:42:56", "text": "Lehman stock.\""}, {"start": "00:42:56", "end": "00:42:59", "text": ">> All right. Thank you very much. We'll do"}, {"start": "00:42:57", "end": "00:43:01", "text": "it again. All right. Good to see you, my"}, {"start": "00:42:59", "end": "00:43:01", "text": "friend."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "I want to be invested in something that"}, {"start": "00:00:01", "end": "00:00:04", "text": "can compound at 50% a year and I think"}, {"start": "00:00:03", "end": "00:00:06", "text": "Bitcoin will do it. So all-time highs"}, {"start": "00:00:04", "end": "00:00:09", "text": "for Bitcoin this year mainly because"}, {"start": "00:00:06", "end": "00:00:11", "text": "inflation is here, liquidity is needed"}, {"start": "00:00:09", "end": "00:00:13", "text": "and I don't see a regime shift going"}, {"start": "00:00:11", "end": "00:00:15", "text": "back the other direction. I actually"}, {"start": "00:00:13", "end": "00:00:18", "text": "think we officially left the glory days"}, {"start": "00:00:15", "end": "00:00:20", "text": "of QE and inflation and we're in a world"}, {"start": "00:00:18", "end": "00:00:22", "text": "where the government can't print money,"}, {"start": "00:00:20", "end": "00:00:23", "text": "debts high and the rotation of the"}, {"start": "00:00:22", "end": "00:00:24", "text": "assets is going to start chasing the one"}, {"start": "00:00:23", "end": "00:00:26", "text": "that doesn't have a story."}, {"start": "00:00:24", "end": "00:00:28", "text": ">> What's going on guys? Today we got a"}, {"start": "00:00:26", "end": "00:00:29", "text": "great conversation with Jordy Visser. In"}, {"start": "00:00:28", "end": "00:00:30", "text": "this conversation, we are going to talk"}, {"start": "00:00:29", "end": "00:00:32", "text": "about why the market has finally been"}, {"start": "00:00:30", "end": "00:00:33", "text": "beaten to submission, what's going to"}, {"start": "00:00:32", "end": "00:00:35", "text": "happen with inflation, why he thinks"}, {"start": "00:00:33", "end": "00:00:37", "text": "it's going much higher, what that means"}, {"start": "00:00:35", "end": "00:00:39", "text": "for the stock returns in your portfolio,"}, {"start": "00:00:37", "end": "00:00:40", "text": "and you better get very ready for that"}, {"start": "00:00:39", "end": "00:00:42", "text": "conversation. We then talk about"}, {"start": "00:00:40", "end": "00:00:44", "text": "Bitcoin, what's going on with the Iran"}, {"start": "00:00:42", "end": "00:00:46", "text": "war, and how Jordy is seeing asset"}, {"start": "00:00:44", "end": "00:00:47", "text": "rotation happening in people's"}, {"start": "00:00:46", "end": "00:00:49", "text": "portfolio, what returns are going to"}, {"start": "00:00:47", "end": "00:00:51", "text": "look like over the next decade or so,"}, {"start": "00:00:49", "end": "00:00:52", "text": "and frankly, what should you be doing in"}, {"start": "00:00:51", "end": "00:00:54", "text": "your portfolio? Jordy here to break it"}, {"start": "00:00:52", "end": "00:00:56", "text": "all down for us this week. Here's my"}, {"start": "00:00:54", "end": "00:00:58", "text": "latest conversation with Jordy Visser."}, {"start": "00:00:56", "end": "00:01:00", "text": "All right, Jordy, market submission. You"}, {"start": "00:00:58", "end": "00:01:01", "text": "think that the market has now been put"}, {"start": "00:01:00", "end": "00:01:04", "text": "into submission? They're waving the"}, {"start": "00:01:01", "end": "00:01:06", "text": "white flag and saying, \"Okay, no MOS.\""}, {"start": "00:01:04", "end": "00:01:09", "text": "What does that mean?"}, {"start": "00:01:06", "end": "00:01:11", "text": ">> For the last 3 weeks, I think there was"}, {"start": "00:01:09", "end": "00:01:13", "text": "hope that this was going to be a repeat"}, {"start": "00:01:11", "end": "00:01:16", "text": "of last year."}, {"start": "00:01:13", "end": "00:01:19", "text": ">> Meaning tariffs got levied and there was"}, {"start": "00:01:16", "end": "00:01:21", "text": "a mini panic, stock sold off, Trump and"}, {"start": "00:01:19", "end": "00:01:23", "text": "the administration stepped in with a"}, {"start": "00:01:21", "end": "00:01:26", "text": "bunch of words and eventually the market"}, {"start": "00:01:23", "end": "00:01:29", "text": "recovered and zoomed higher."}, {"start": "00:01:26", "end": "00:01:31", "text": "So, let let's use uh let's use something"}, {"start": "00:01:29", "end": "00:01:34", "text": "people are all very familiar with. Let's"}, {"start": "00:01:31", "end": "00:01:37", "text": "assume you get the stomach bug."}, {"start": "00:01:34", "end": "00:01:39", "text": "You throw up all night, but then the"}, {"start": "00:01:37", "end": "00:01:41", "text": "next day it's over. Well, that was"}, {"start": "00:01:39", "end": "00:01:42", "text": "liberation day. That was the tariffs."}, {"start": "00:01:41", "end": "00:01:44", "text": "Two shall"}, {"start": "00:01:42", "end": "00:01:45", "text": ">> pass. It was just gone and then you move"}, {"start": "00:01:44", "end": "00:01:47", "text": "on."}, {"start": "00:01:45", "end": "00:01:50", "text": ">> Then there's the other one which is just"}, {"start": "00:01:47", "end": "00:01:52", "text": "a cold that you can't get rid of and"}, {"start": "00:01:50", "end": "00:01:54", "text": "three weeks later it's still there."}, {"start": "00:01:52", "end": "00:01:55", "text": "submission is coming to the reality that"}, {"start": "00:01:54", "end": "00:01:57", "text": "you don't know when this is going to"}, {"start": "00:01:55", "end": "00:02:00", "text": "end, but you know something has changed."}, {"start": "00:01:57", "end": "00:02:02", "text": "And for me, I live in a world and the"}, {"start": "00:02:00", "end": "00:02:04", "text": "market does too. It it doesn't get"}, {"start": "00:02:02", "end": "00:02:06", "text": "recognized this way. And for people that"}, {"start": "00:02:04", "end": "00:02:08", "text": "are watching that are just at home"}, {"start": "00:02:06", "end": "00:02:10", "text": "investors, when you hear the word regime"}, {"start": "00:02:08", "end": "00:02:12", "text": "shift,"}, {"start": "00:02:10", "end": "00:02:15", "text": "that is a structural change in a complex"}, {"start": "00:02:12", "end": "00:02:18", "text": "system. The market is a complex system."}, {"start": "00:02:15", "end": "00:02:20", "text": "Um, it involves credit, it involves"}, {"start": "00:02:18", "end": "00:02:21", "text": "interest rates, it involves inflation,"}, {"start": "00:02:20", "end": "00:02:24", "text": "it involves economic growth,"}, {"start": "00:02:21", "end": "00:02:26", "text": "stagflation, you know, productivity,"}, {"start": "00:02:24", "end": "00:02:29", "text": "whatever you want."}, {"start": "00:02:26", "end": "00:02:31", "text": "I think for the first time institutions"}, {"start": "00:02:29", "end": "00:02:33", "text": "in this last week have finally come to"}, {"start": "00:02:31", "end": "00:02:34", "text": "the conclusion and maybe it's because"}, {"start": "00:02:33", "end": "00:02:36", "text": "I've been negative now for a period of"}, {"start": "00:02:34", "end": "00:02:38", "text": "time and just saying I I think this is"}, {"start": "00:02:36", "end": "00:02:40", "text": "going to be a very challenging year and"}, {"start": "00:02:38", "end": "00:02:42", "text": "in particular I think it's going to be a"}, {"start": "00:02:40", "end": "00:02:44", "text": "very difficult year for coariance matrix"}, {"start": "00:02:42", "end": "00:02:48", "text": "the relationships that have existed for"}, {"start": "00:02:44", "end": "00:02:50", "text": "a long time between bonds and stocks"}, {"start": "00:02:48", "end": "00:02:51", "text": "bonds and inflation inflation and oil"}, {"start": "00:02:50", "end": "00:02:53", "text": "and all these different things. Well,"}, {"start": "00:02:51", "end": "00:02:56", "text": "we're at that point now where the damage"}, {"start": "00:02:53", "end": "00:02:59", "text": "is going on and at some point and I"}, {"start": "00:02:56", "end": "00:03:02", "text": "wrote a paper on this for 22V that when"}, {"start": "00:02:59", "end": "00:03:04", "text": "in the first Rocky, you know, he's the"}, {"start": "00:03:02", "end": "00:03:07", "text": "underdog, but then he knocks out Apollo"}, {"start": "00:03:04", "end": "00:03:09", "text": "Creed in the first round. He didn't win"}, {"start": "00:03:07", "end": "00:03:11", "text": "the fight, but that set that it was"}, {"start": "00:03:09", "end": "00:03:12", "text": "going to be a long fight. And I think"}, {"start": "00:03:11", "end": "00:03:14", "text": "that's what submission is. I think this"}, {"start": "00:03:12", "end": "00:03:17", "text": "was the week that people realized that"}, {"start": "00:03:14", "end": "00:03:20", "text": "this isn't going away like it did last"}, {"start": "00:03:17", "end": "00:03:22", "text": "year in two parts. One is again the"}, {"start": "00:03:20", "end": "00:03:24", "text": "market's not throwing up. It's just kind"}, {"start": "00:03:22", "end": "00:03:27", "text": "of going through this deleveraging phase"}, {"start": "00:03:24", "end": "00:03:28", "text": "where everyone's raising cash, but"}, {"start": "00:03:27", "end": "00:03:29", "text": "they're getting rid of their market"}, {"start": "00:03:28", "end": "00:03:31", "text": "neutral positions and they're gradually"}, {"start": "00:03:29", "end": "00:03:33", "text": "taking things down. And two, this isn't"}, {"start": "00:03:31", "end": "00:03:35", "text": "going away quickly in terms of oil"}, {"start": "00:03:33", "end": "00:03:37", "text": "prices. This will be the fourth week in"}, {"start": "00:03:35", "end": "00:03:39", "text": "a row where we're closing above $90 and"}, {"start": "00:03:37", "end": "00:03:41", "text": "everyone's done with taco. Everyone's"}, {"start": "00:03:39", "end": "00:03:44", "text": "had enough of they know the drill."}, {"start": "00:03:41", "end": "00:03:46", "text": "Friday, I threatened to do X. Monday"}, {"start": "00:03:44", "end": "00:03:47", "text": "comes before the open. You know what?"}, {"start": "00:03:46", "end": "00:03:49", "text": "We're going to extend it for 5 days."}, {"start": "00:03:47", "end": "00:03:51", "text": "we're going to extend it for 2 weeks. I"}, {"start": "00:03:49", "end": "00:03:52", "text": "think people now are focused on the"}, {"start": "00:03:51", "end": "00:03:54", "text": "probabilities of boots on the ground and"}, {"start": "00:03:52", "end": "00:03:55", "text": "the probabilities of when is the"}, {"start": "00:03:54", "end": "00:03:57", "text": "straight going to open and none of those"}, {"start": "00:03:55", "end": "00:03:58", "text": "at this point are looking like good"}, {"start": "00:03:57", "end": "00:04:00", "text": "outcomes"}, {"start": "00:03:58", "end": "00:04:03", "text": ">> based on prediction markets. Um boots on"}, {"start": "00:04:00", "end": "00:04:04", "text": "the ground 70% odds by the end of April"}, {"start": "00:04:03", "end": "00:04:05", "text": "give or take."}, {"start": "00:04:04", "end": "00:04:08", "text": ">> Yep."}, {"start": "00:04:05", "end": "00:04:09", "text": ">> The straight being open 30% odds by the"}, {"start": "00:04:08", "end": "00:04:11", "text": "end of April. What do those two numbers"}, {"start": "00:04:09", "end": "00:04:13", "text": "tell you?"}, {"start": "00:04:11", "end": "00:04:14", "text": "Well, the straight is the realization"}, {"start": "00:04:13", "end": "00:04:17", "text": "from people that they've now done their"}, {"start": "00:04:14", "end": "00:04:19", "text": "homework and they realize that even if"}, {"start": "00:04:17", "end": "00:04:21", "text": "magically it was open, it's still going"}, {"start": "00:04:19", "end": "00:04:22", "text": "to take a long time to get to back to"}, {"start": "00:04:21", "end": "00:04:26", "text": "where it was where it could considered"}, {"start": "00:04:22", "end": "00:04:27", "text": "to be truly open. Uh it just means that"}, {"start": "00:04:26", "end": "00:04:30", "text": "the shortages that we're starting to see"}, {"start": "00:04:27", "end": "00:04:32", "text": "around the world,"}, {"start": "00:04:30", "end": "00:04:34", "text": "uh they're going to be here. Uh and"}, {"start": "00:04:32", "end": "00:04:36", "text": "these are real shortages. This is COVID"}, {"start": "00:04:34", "end": "00:04:39", "text": "like problems. And I think this is the"}, {"start": "00:04:36", "end": "00:04:40", "text": "scarier thing to me is uh most people in"}, {"start": "00:04:39", "end": "00:04:42", "text": "the US because they don't feel it and"}, {"start": "00:04:40", "end": "00:04:45", "text": "they don't see it. I mean they're out of"}, {"start": "00:04:42", "end": "00:04:47", "text": "diesel and gas in places like Australia"}, {"start": "00:04:45", "end": "00:04:49", "text": "and places like New Zealand. Now not"}, {"start": "00:04:47", "end": "00:04:52", "text": "completely, but there's websites that"}, {"start": "00:04:49", "end": "00:04:55", "text": "show how many days left of inventory"}, {"start": "00:04:52", "end": "00:04:58", "text": "they have. Um when China put up the ban"}, {"start": "00:04:55", "end": "00:05:00", "text": "on exports of refined products, this was"}, {"start": "00:04:58", "end": "00:05:02", "text": "weeks ago. That was a warning sign. And"}, {"start": "00:05:00", "end": "00:05:04", "text": "everyone inside the energy market knew"}, {"start": "00:05:02", "end": "00:05:05", "text": "that oh my gosh, I mean the Chinese have"}, {"start": "00:05:04", "end": "00:05:07", "text": "their own intel and they're saying we're"}, {"start": "00:05:05", "end": "00:05:09", "text": "not exporting anything anymore. We're"}, {"start": "00:05:07", "end": "00:05:12", "text": "hunkering down to take care of our own"}, {"start": "00:05:09", "end": "00:05:14", "text": "country. Uh plastic poly polyethylene"}, {"start": "00:05:12", "end": "00:05:16", "text": "through the roof hasn't come back down."}, {"start": "00:05:14", "end": "00:05:18", "text": "Jet fuel prices massive. You're getting"}, {"start": "00:05:16", "end": "00:05:22", "text": "starting to see airlines raise prices."}, {"start": "00:05:18", "end": "00:05:24", "text": "Uh in the US they're only talking 20%."}, {"start": "00:05:22", "end": "00:05:26", "text": "In Asia, Cafe Pacific last night 37%."}, {"start": "00:05:24", "end": "00:05:28", "text": "like you're the inflation thing is real"}, {"start": "00:05:26", "end": "00:05:30", "text": "because the shortages are going to take"}, {"start": "00:05:28", "end": "00:05:32", "text": "some time to get through and it isn't"}, {"start": "00:05:30", "end": "00:05:33", "text": "just the straight there was a lot of"}, {"start": "00:05:32", "end": "00:05:35", "text": "damage done to the infrastructure"}, {"start": "00:05:33", "end": "00:05:37", "text": "particularly things that like I"}, {"start": "00:05:35", "end": "00:05:40", "text": "mentioned last week with Oz Leafon uh in"}, {"start": "00:05:37", "end": "00:05:42", "text": "Qatar this has implications for LNG but"}, {"start": "00:05:40", "end": "00:05:44", "text": "it also has implications for helium and"}, {"start": "00:05:42", "end": "00:05:46", "text": "so helium there's enough inventory for"}, {"start": "00:05:44", "end": "00:05:48", "text": "semiconductors in Asia but that's"}, {"start": "00:05:46", "end": "00:05:50", "text": "starting to get more alarming and you're"}, {"start": "00:05:48", "end": "00:05:51", "text": "starting to get examples of something"}, {"start": "00:05:50", "end": "00:05:54", "text": "Jeff Curry said on all of his interviews"}, {"start": "00:05:51", "end": "00:05:56", "text": "which is when countries start worrying"}, {"start": "00:05:54", "end": "00:05:57", "text": "about their own situation. And this is"}, {"start": "00:05:56", "end": "00:05:59", "text": "what happened during COVID with the"}, {"start": "00:05:57", "end": "00:06:02", "text": "masks. They start hoarding things. They"}, {"start": "00:05:59", "end": "00:06:04", "text": "start building inventory because even if"}, {"start": "00:06:02", "end": "00:06:06", "text": "the straight were to open, what's to say"}, {"start": "00:06:04", "end": "00:06:08", "text": "there won't be a drone that hits a tank"}, {"start": "00:06:06", "end": "00:06:10", "text": "if all of a sudden things a tank or if"}, {"start": "00:06:08", "end": "00:06:12", "text": "something goes backwards? And we've"}, {"start": "00:06:10", "end": "00:06:14", "text": "learned now that the straight shuts down"}, {"start": "00:06:12", "end": "00:06:16", "text": "if one thing happens. Nobody's going"}, {"start": "00:06:14", "end": "00:06:18", "text": "through there if all of a sudden"}, {"start": "00:06:16", "end": "00:06:21", "text": "hostilities start to increase again. So"}, {"start": "00:06:18", "end": "00:06:22", "text": "I think there's a very very difficult"}, {"start": "00:06:21", "end": "00:06:24", "text": "situation that the market's coming to"}, {"start": "00:06:22", "end": "00:06:26", "text": "terms with that this is more structural"}, {"start": "00:06:24", "end": "00:06:27", "text": "than they thought."}, {"start": "00:06:26", "end": "00:06:30", "text": ">> You know what I was talking to a friend"}, {"start": "00:06:27", "end": "00:06:32", "text": "about uh this week? Remember when uh off"}, {"start": "00:06:30", "end": "00:06:34", "text": "of Somalia maybe even like the Horn of"}, {"start": "00:06:32", "end": "00:06:36", "text": "Africa there was all the pirate issues"}, {"start": "00:06:34", "end": "00:06:38", "text": "and like MK and all these companies were"}, {"start": "00:06:36", "end": "00:06:40", "text": "reporting saying you know basically the"}, {"start": "00:06:38", "end": "00:06:42", "text": "the pirate threat is real. Yep."}, {"start": "00:06:40", "end": "00:06:44", "text": ">> It was very simple. They basically hired"}, {"start": "00:06:42", "end": "00:06:46", "text": "private military contractors. They put"}, {"start": "00:06:44", "end": "00:06:49", "text": "them on these ships and they said, \"If a"}, {"start": "00:06:46", "end": "00:06:50", "text": "pirate comes near, shoot them and we're"}, {"start": "00:06:49", "end": "00:06:52", "text": "going to defend our ships, but we're"}, {"start": "00:06:50", "end": "00:06:54", "text": "going to keep our ships moving.\" You"}, {"start": "00:06:52", "end": "00:06:56", "text": "can't do that with a mine in the ocean"}, {"start": "00:06:54", "end": "00:06:59", "text": "or a drone overhead. Right? So, it is a"}, {"start": "00:06:56", "end": "00:07:01", "text": "different thing. Now, when this all"}, {"start": "00:06:59", "end": "00:07:02", "text": "kicked off, my thought process was the"}, {"start": "00:07:01", "end": "00:07:04", "text": "deflationary force that is structural"}, {"start": "00:07:02", "end": "00:07:06", "text": "that has swallowing the US economy is"}, {"start": "00:07:04", "end": "00:07:08", "text": "going to overwhelm any terms of"}, {"start": "00:07:06", "end": "00:07:11", "text": "short-term inflationary pressure from"}, {"start": "00:07:08", "end": "00:07:13", "text": "higher oil prices because I thought it's"}, {"start": "00:07:11", "end": "00:07:15", "text": "going to be a two-e thing. We're going"}, {"start": "00:07:13", "end": "00:07:17", "text": "to go bomb a bunch, right? Venezuela was"}, {"start": "00:07:15", "end": "00:07:20", "text": "quick. The first uh Iran bombing was"}, {"start": "00:07:17", "end": "00:07:21", "text": "very quick. Two weeks, we're out. I"}, {"start": "00:07:20", "end": "00:07:23", "text": "think to your point about the market"}, {"start": "00:07:21", "end": "00:07:24", "text": "submission."}, {"start": "00:07:23", "end": "00:07:26", "text": "I'm sitting back in the recliner chair"}, {"start": "00:07:24", "end": "00:07:27", "text": "now saying, \"Wait a minute. This ain't"}, {"start": "00:07:26", "end": "00:07:29", "text": "going to obviously it's not going to be"}, {"start": "00:07:27", "end": "00:07:31", "text": "two weeks,"}, {"start": "00:07:29", "end": "00:07:33", "text": "could it be 6 months or a year? Like how"}, {"start": "00:07:31", "end": "00:07:34", "text": "long is this going to go on for?\" Now I"}, {"start": "00:07:33", "end": "00:07:36", "text": "don't think it will be a 6 month 12"}, {"start": "00:07:34", "end": "00:07:38", "text": "month thing but if it goes on for"}, {"start": "00:07:36", "end": "00:07:41", "text": "another 2 months"}, {"start": "00:07:38", "end": "00:07:43", "text": ">> I mean that is real structural change in"}, {"start": "00:07:41", "end": "00:07:45", "text": "the economy in terms of inflation oil"}, {"start": "00:07:43", "end": "00:07:46", "text": "prices all this stuff that I think you"}, {"start": "00:07:45", "end": "00:07:48", "text": "have to start you know changing your"}, {"start": "00:07:46", "end": "00:07:51", "text": "calculation as to what is the short-term"}, {"start": "00:07:48", "end": "00:07:53", "text": "inflationary pressure"}, {"start": "00:07:51", "end": "00:07:55", "text": ">> the one thing I've tried to restrict"}, {"start": "00:07:53", "end": "00:07:57", "text": "myself from getting involved in in"}, {"start": "00:07:55", "end": "00:07:59", "text": "conversations with institutions during"}, {"start": "00:07:57", "end": "00:08:01", "text": "the week but also my weekend videos is"}, {"start": "00:07:59", "end": "00:08:03", "text": "in this thing of trying to handicap how"}, {"start": "00:08:01", "end": "00:08:06", "text": "long this will be the One thing that"}, {"start": "00:08:03", "end": "00:08:08", "text": "everyone should just accept, we will"}, {"start": "00:08:06", "end": "00:08:10", "text": "have higher oil for longer."}, {"start": "00:08:08", "end": "00:08:12", "text": "It it'll take a while for the risk"}, {"start": "00:08:10", "end": "00:08:13", "text": "premium to come down"}, {"start": "00:08:12", "end": "00:08:16", "text": ">> regardless of how long this"}, {"start": "00:08:13", "end": "00:08:18", "text": ">> regard I there's no kumbaya moment like"}, {"start": "00:08:16", "end": "00:08:20", "text": "there I what you described as what you"}, {"start": "00:08:18", "end": "00:08:23", "text": "thought number one that was the majority"}, {"start": "00:08:20", "end": "00:08:25", "text": "of people and and again I I I didn't get"}, {"start": "00:08:23", "end": "00:08:26", "text": "in my head of thinking about it that"}, {"start": "00:08:25", "end": "00:08:28", "text": "way. I was more focused on credit and"}, {"start": "00:08:26", "end": "00:08:30", "text": "the other issues that were happening."}, {"start": "00:08:28", "end": "00:08:33", "text": "But I also think unfortunately that that"}, {"start": "00:08:30", "end": "00:08:35", "text": "was probably the administration's belief"}, {"start": "00:08:33", "end": "00:08:36", "text": ">> that"}, {"start": "00:08:35", "end": "00:08:39", "text": "sometimes you were a prisoner of your"}, {"start": "00:08:36", "end": "00:08:41", "text": "own success in terms of your decision-m"}, {"start": "00:08:39", "end": "00:08:44", "text": "he had the success of Venezuela. He had"}, {"start": "00:08:41", "end": "00:08:46", "text": "the success of last year with the bunker"}, {"start": "00:08:44", "end": "00:08:48", "text": "bombs. This one has proven to be"}, {"start": "00:08:46", "end": "00:08:50", "text": "different and what it has opened up is"}, {"start": "00:08:48", "end": "00:08:52", "text": "the realization which the military has"}, {"start": "00:08:50", "end": "00:08:54", "text": "talked about and everyone has known"}, {"start": "00:08:52", "end": "00:08:56", "text": "this. The straight of Hormuse is a"}, {"start": "00:08:54", "end": "00:08:59", "text": "critical choke point for the global"}, {"start": "00:08:56", "end": "00:09:00", "text": "economy. plain and simple. And right"}, {"start": "00:08:59", "end": "00:09:03", "text": "now,"}, {"start": "00:09:00", "end": "00:09:06", "text": "by killing leaders inside a country, we"}, {"start": "00:09:03", "end": "00:09:08", "text": "don't know who's making the decisions."}, {"start": "00:09:06", "end": "00:09:11", "text": "And if there's no organization, that"}, {"start": "00:09:08", "end": "00:09:13", "text": "means anyone can send a missile in to"}, {"start": "00:09:11", "end": "00:09:15", "text": "the like who's going to stop it if"}, {"start": "00:09:13", "end": "00:09:17", "text": "there's no organization. And so I think"}, {"start": "00:09:15", "end": "00:09:19", "text": "the reality is we have to assume that"}, {"start": "00:09:17", "end": "00:09:22", "text": "oil prices are going to be higher than"}, {"start": "00:09:19", "end": "00:09:24", "text": "they were before, which means inflation"}, {"start": "00:09:22", "end": "00:09:25", "text": "is going to be higher than before. Gas"}, {"start": "00:09:24", "end": "00:09:27", "text": "at the pump is going to be higher than"}, {"start": "00:09:25", "end": "00:09:29", "text": "before. And that means that the economy"}, {"start": "00:09:27", "end": "00:09:31", "text": "is going to slow down. Plain and simple."}, {"start": "00:09:29", "end": "00:09:33", "text": "Now AI spending is not going to change."}, {"start": "00:09:31", "end": "00:09:35", "text": "But with all of this happening, it's why"}, {"start": "00:09:33", "end": "00:09:37", "text": "I've said I want to be long hardware. I"}, {"start": "00:09:35", "end": "00:09:38", "text": "want to be long commodities. I don't"}, {"start": "00:09:37", "end": "00:09:41", "text": "want to be anywhere near software. And"}, {"start": "00:09:38", "end": "00:09:43", "text": "this year has been again about long"}, {"start": "00:09:41", "end": "00:09:44", "text": "duration assets are uncertain. So first"}, {"start": "00:09:43", "end": "00:09:46", "text": "it was the AI disruption. Well, now"}, {"start": "00:09:44", "end": "00:09:47", "text": "we're saying we don't know where oil"}, {"start": "00:09:46", "end": "00:09:50", "text": "prices will be at any point and that"}, {"start": "00:09:47", "end": "00:09:52", "text": "they could easily gap to the higher side"}, {"start": "00:09:50", "end": "00:09:53", "text": "and most people don't own any energy. So"}, {"start": "00:09:52", "end": "00:09:56", "text": "remember at the beginning of the year"}, {"start": "00:09:53", "end": "00:10:00", "text": "the total uh market cap of the energy"}, {"start": "00:09:56", "end": "00:10:02", "text": "stocks in the S&P 500 was 3%. 3%."}, {"start": "00:10:00", "end": "00:10:04", "text": "Okay. You're you're you're dealing with"}, {"start": "00:10:02", "end": "00:10:08", "text": "less than $2 trillion in ter right"}, {"start": "00:10:04", "end": "00:10:10", "text": "around $2 trillion. Nvidia's two times"}, {"start": "00:10:08", "end": "00:10:11", "text": "that. So energy had been left for dead"}, {"start": "00:10:10", "end": "00:10:13", "text": "as an investment side. When you add"}, {"start": "00:10:11", "end": "00:10:16", "text": "materials in you had a combined number"}, {"start": "00:10:13", "end": "00:10:18", "text": "of maybe 5% while technology is 53. So"}, {"start": "00:10:16", "end": "00:10:20", "text": "we have a long rerating that's"}, {"start": "00:10:18", "end": "00:10:22", "text": "happening. And so the way that I'm"}, {"start": "00:10:20", "end": "00:10:25", "text": "thinking about this is the 1970s, which"}, {"start": "00:10:22", "end": "00:10:28", "text": "is multiple compression happens in"}, {"start": "00:10:25", "end": "00:10:30", "text": "stocks when we have uncertainty. That's"}, {"start": "00:10:28", "end": "00:10:31", "text": "what happened during the 70s. And I'll"}, {"start": "00:10:30", "end": "00:10:33", "text": "remind people that's actually what"}, {"start": "00:10:31", "end": "00:10:35", "text": "happened in 2022. So in 2022, we never"}, {"start": "00:10:33", "end": "00:10:38", "text": "had a recession."}, {"start": "00:10:35", "end": "00:10:40", "text": "We had stocks fall, but the earnings"}, {"start": "00:10:38", "end": "00:10:43", "text": "kept growing. And I think you want to"}, {"start": "00:10:40", "end": "00:10:45", "text": "have earnings that are uh you want to be"}, {"start": "00:10:43", "end": "00:10:46", "text": "long companies that are not subject to"}, {"start": "00:10:45", "end": "00:10:48", "text": "the pains that happen with higher"}, {"start": "00:10:46", "end": "00:10:50", "text": "inflation. So, anything that's a"}, {"start": "00:10:48", "end": "00:10:52", "text": "longduration, high multiple stock"}, {"start": "00:10:50", "end": "00:10:55", "text": "trading at 30 PE, well, your multiples"}, {"start": "00:10:52", "end": "00:10:56", "text": "have to come down because now you've got"}, {"start": "00:10:55", "end": "00:10:58", "text": "trouble from AI and you've got trouble"}, {"start": "00:10:56", "end": "00:11:00", "text": "from this other situation. And I think"}, {"start": "00:10:58", "end": "00:11:02", "text": "the other place that this ends up being"}, {"start": "00:11:00", "end": "00:11:03", "text": "is that commodities and materials are"}, {"start": "00:11:02", "end": "00:11:04", "text": "the place that people need to have in"}, {"start": "00:11:03", "end": "00:11:06", "text": "their portfolios for the first time. And"}, {"start": "00:11:04", "end": "00:11:09", "text": "for those of you that have your money"}, {"start": "00:11:06", "end": "00:11:12", "text": "indexed to spies,"}, {"start": "00:11:09", "end": "00:11:15", "text": "you're locked into a low inflation"}, {"start": "00:11:12", "end": "00:11:19", "text": "basket. It has done well during a period"}, {"start": "00:11:15", "end": "00:11:22", "text": "from 2008 to now where it was about QE,"}, {"start": "00:11:19", "end": "00:11:24", "text": "low interest rates, low inflation. We're"}, {"start": "00:11:22", "end": "00:11:25", "text": "in a new regime and I think people have"}, {"start": "00:11:24", "end": "00:11:29", "text": "to adapt their portfolios that way."}, {"start": "00:11:25", "end": "00:11:31", "text": ">> One of the smartest uh asset allocators,"}, {"start": "00:11:29", "end": "00:11:34", "text": "investors on Wall Street, in my opinion,"}, {"start": "00:11:31", "end": "00:11:36", "text": "is an anonymous account on uh OnX, but I"}, {"start": "00:11:34", "end": "00:11:39", "text": "know him, you know, talked to him quite"}, {"start": "00:11:36", "end": "00:11:42", "text": "often. his current portfolio as of maybe"}, {"start": "00:11:39", "end": "00:11:45", "text": "a week and a half ago, 75% gold, 25%"}, {"start": "00:11:42", "end": "00:11:48", "text": "Bitcoin, no equities."}, {"start": "00:11:45", "end": "00:11:49", "text": "Crazy, good idea. How do you think"}, {"start": "00:11:48", "end": "00:11:51", "text": "about, you know, you're talking about"}, {"start": "00:11:49", "end": "00:11:53", "text": "energy and still equity exposure to"}, {"start": "00:11:51", "end": "00:11:55", "text": "these types of things? I think he's"}, {"start": "00:11:53", "end": "00:11:57", "text": "taking your idea almost to the extreme"}, {"start": "00:11:55", "end": "00:11:59", "text": "and saying, well, let me just go into"}, {"start": "00:11:57", "end": "00:12:02", "text": "the things that are most indexed to"}, {"start": "00:11:59", "end": "00:12:04", "text": "money printing and um, you know,"}, {"start": "00:12:02", "end": "00:12:07", "text": "debasement and all this kind of stuff."}, {"start": "00:12:04", "end": "00:12:10", "text": "Well, first of all, I I I know that's"}, {"start": "00:12:07", "end": "00:12:11", "text": "not true. Nobody has all their money in"}, {"start": "00:12:10", "end": "00:12:12", "text": "just those two. There's got to be some"}, {"start": "00:12:11", "end": "00:12:13", "text": "cash in there as well. So, let's just"}, {"start": "00:12:12", "end": "00:12:14", "text": "say of the"}, {"start": "00:12:13", "end": "00:12:16", "text": ">> This guy's a little crazy, so I don't"}, {"start": "00:12:14", "end": "00:12:17", "text": "know. But yes, most likely he does have"}, {"start": "00:12:16", "end": "00:12:18", "text": "some living cash."}, {"start": "00:12:17", "end": "00:12:20", "text": ">> He's still got to go in and buy a"}, {"start": "00:12:18", "end": "00:12:25", "text": "coffee, so there's something that's"}, {"start": "00:12:20", "end": "00:12:28", "text": "sitting somewhere. But, um, to be fair,"}, {"start": "00:12:25", "end": "00:12:31", "text": "my portfolio is not too different. Um,"}, {"start": "00:12:28", "end": "00:12:33", "text": "Bitcoin's my largest investment."}, {"start": "00:12:31", "end": "00:12:35", "text": "I now have a lot more silver than I've"}, {"start": "00:12:33", "end": "00:12:36", "text": "been gradually buying silver miners and"}, {"start": "00:12:35", "end": "00:12:38", "text": "silver during this because that's one"}, {"start": "00:12:36", "end": "00:12:41", "text": "place that I want to be involved. But"}, {"start": "00:12:38", "end": "00:12:43", "text": "then if you look at it, it's mainly"}, {"start": "00:12:41", "end": "00:12:44", "text": "semiconductors and memory things and"}, {"start": "00:12:43", "end": "00:12:47", "text": "things all connected to the themes that"}, {"start": "00:12:44", "end": "00:12:50", "text": "I write about every week and publish. Um"}, {"start": "00:12:47", "end": "00:12:51", "text": "I I had to create a model portfolio uh"}, {"start": "00:12:50", "end": "00:12:53", "text": "which I'm going to start showing on my"}, {"start": "00:12:51", "end": "00:12:54", "text": "payw wall for people. So there's a"}, {"start": "00:12:53", "end": "00:12:56", "text": "hundred names in there. Bitcoin's in"}, {"start": "00:12:54", "end": "00:12:57", "text": "there and then some of the other things"}, {"start": "00:12:56", "end": "00:12:59", "text": "we've talked about on here, Palunteer"}, {"start": "00:12:57", "end": "00:13:02", "text": "and Tesla and stuff like that. But year"}, {"start": "00:12:59", "end": "00:13:04", "text": "to date, it's up 18%. And now these are"}, {"start": "00:13:02", "end": "00:13:07", "text": "all themes in the last four months which"}, {"start": "00:13:04", "end": "00:13:09", "text": "are all geared towards the build out of"}, {"start": "00:13:07", "end": "00:13:12", "text": "AI. It means optical fiber. Okay, prices"}, {"start": "00:13:09", "end": "00:13:13", "text": "are going through the roof. Chemicals,"}, {"start": "00:13:12", "end": "00:13:15", "text": "prochemicals are going to go through the"}, {"start": "00:13:13", "end": "00:13:15", "text": "roof because of what's happening in the"}, {"start": "00:13:15", "end": "00:13:17", "text": "Middle East because they're all"}, {"start": "00:13:15", "end": "00:13:19", "text": "connected to this. Um, you've got the"}, {"start": "00:13:17", "end": "00:13:21", "text": "semiconductor side. Memory is a part of"}, {"start": "00:13:19", "end": "00:13:23", "text": "that, too. And even though memory has"}, {"start": "00:13:21", "end": "00:13:24", "text": "come down now, you're still dealing with"}, {"start": "00:13:23", "end": "00:13:26", "text": "memory prices that are going to be"}, {"start": "00:13:24", "end": "00:13:29", "text": "higher going forward. So whether it's"}, {"start": "00:13:26", "end": "00:13:30", "text": "gold in this, gold got down for the year"}, {"start": "00:13:29", "end": "00:13:32", "text": "not too long ago. I do think people"}, {"start": "00:13:30", "end": "00:13:34", "text": "should be looking in their portfolio"}, {"start": "00:13:32", "end": "00:13:37", "text": "more at that when this becomes a theme."}, {"start": "00:13:34", "end": "00:13:39", "text": "I think the equity market will reset at"}, {"start": "00:13:37", "end": "00:13:42", "text": "a lower level. when multiples get down"}, {"start": "00:13:39", "end": "00:13:45", "text": "significantly enough. And I think the"}, {"start": "00:13:42", "end": "00:13:49", "text": "first level for the S&P 500 is around"}, {"start": "00:13:45", "end": "00:13:52", "text": "6,000, which would put the S&P down uh,"}, {"start": "00:13:49", "end": "00:13:56", "text": "you know, a little bit more than 13% off"}, {"start": "00:13:52", "end": "00:13:57", "text": "the highs, probably 15%. I'm not looking"}, {"start": "00:13:56", "end": "00:13:59", "text": "for too much lower than that for the"}, {"start": "00:13:57", "end": "00:14:01", "text": "time being to let earnings grow and to"}, {"start": "00:13:59", "end": "00:14:03", "text": "kind of go through this. And so if"}, {"start": "00:14:01", "end": "00:14:06", "text": "people think about the market that way"}, {"start": "00:14:03", "end": "00:14:07", "text": "that don't worry about a big recession,"}, {"start": "00:14:06", "end": "00:14:09", "text": "don't worry about those things because"}, {"start": "00:14:07", "end": "00:14:11", "text": "AI is going to keep spending. And"}, {"start": "00:14:09", "end": "00:14:13", "text": "whether people like it or not, we're"}, {"start": "00:14:11", "end": "00:14:14", "text": "just not as sensitive to oil as we were"}, {"start": "00:14:13", "end": "00:14:16", "text": "in the past. And you're going to start"}, {"start": "00:14:14", "end": "00:14:19", "text": "seeing a lot more stories about that."}, {"start": "00:14:16", "end": "00:14:21", "text": "But the reality is in 2007 before the"}, {"start": "00:14:19", "end": "00:14:24", "text": "great financial crisis or 2008, we had"}, {"start": "00:14:21", "end": "00:14:27", "text": "oil prices up at $155."}, {"start": "00:14:24", "end": "00:14:30", "text": "So we're now fast forward 18 19 years or"}, {"start": "00:14:27", "end": "00:14:34", "text": "18 years from that point. Household net"}, {"start": "00:14:30", "end": "00:14:36", "text": "worth has gone from sub 100, way below"}, {"start": "00:14:34", "end": "00:14:38", "text": "100. So we're probably from 60 trillion"}, {"start": "00:14:36", "end": "00:14:40", "text": "to 180 trillion, but oil prices are"}, {"start": "00:14:38", "end": "00:14:42", "text": "still lower than they were, which means"}, {"start": "00:14:40", "end": "00:14:46", "text": "the impact of oil to consumption is not"}, {"start": "00:14:42", "end": "00:14:48", "text": "as big as it was. What you will see is"}, {"start": "00:14:46", "end": "00:14:50", "text": "inflation is going to move higher and"}, {"start": "00:14:48", "end": "00:14:52", "text": "that will again hurt the K-shaped"}, {"start": "00:14:50", "end": "00:14:53", "text": "economy and that means the credit"}, {"start": "00:14:52", "end": "00:14:54", "text": "problems are not going around and I'm"}, {"start": "00:14:53", "end": "00:14:56", "text": "sure we're going to start seeing some"}, {"start": "00:14:54", "end": "00:14:58", "text": "weakness and I think recession fears"}, {"start": "00:14:56", "end": "00:15:00", "text": "will grow. Today's episode is brought to"}, {"start": "00:14:58", "end": "00:15:02", "text": "you by Sum. Whether you're a seasoned"}, {"start": "00:15:00", "end": "00:15:03", "text": "crypto investor or new to digital"}, {"start": "00:15:02", "end": "00:15:05", "text": "assets, stop what you're doing because"}, {"start": "00:15:03", "end": "00:15:07", "text": "you need to hear this. This tax season,"}, {"start": "00:15:05", "end": "00:15:10", "text": "for the first time, US exchanges are"}, {"start": "00:15:07", "end": "00:15:12", "text": "required to report your 2025 crypto and"}, {"start": "00:15:10", "end": "00:15:16", "text": "NFT sales directly to the IRS. They'll"}, {"start": "00:15:12", "end": "00:15:17", "text": "do this using the new 1099 DA form. And"}, {"start": "00:15:16", "end": "00:15:20", "text": "some exchanges have already started to"}, {"start": "00:15:17", "end": "00:15:22", "text": "send users a copy. But here's the catch."}, {"start": "00:15:20", "end": "00:15:23", "text": "You're still responsible for calculating"}, {"start": "00:15:22", "end": "00:15:26", "text": "and proving your cost basis for every"}, {"start": "00:15:23", "end": "00:15:28", "text": "taxable transaction. That's where sum,"}, {"start": "00:15:26", "end": "00:15:29", "text": "who we were previously all knew for"}, {"start": "00:15:28", "end": "00:15:32", "text": "years as cryptot tax calculator comes"}, {"start": "00:15:29", "end": "00:15:34", "text": "in. SUM supports Turboax and makes it"}, {"start": "00:15:32", "end": "00:15:38", "text": "easy to track your cost bases across a"}, {"start": "00:15:34", "end": "00:15:40", "text": "massive 3,500 exchange wallet and crypto"}, {"start": "00:15:38", "end": "00:15:42", "text": "integrations with support for DeFi,"}, {"start": "00:15:40", "end": "00:15:44", "text": "NFTts, staking, and airdrops. SUM helps"}, {"start": "00:15:42", "end": "00:15:47", "text": "you maximize your deductions, generate"}, {"start": "00:15:44", "end": "00:15:49", "text": "accurate IRS ready reports, and pay the"}, {"start": "00:15:47", "end": "00:15:52", "text": "least taxes possible. That's why they're"}, {"start": "00:15:49", "end": "00:15:54", "text": "rated 4.5 out of five on Trustpilot and"}, {"start": "00:15:52", "end": "00:15:57", "text": "serve as an official tax partner of both"}, {"start": "00:15:54", "end": "00:16:00", "text": "MetaMask and Coinbase. So do the sums,"}, {"start": "00:15:57", "end": "00:16:02", "text": "know where you stand. Get 20% off your"}, {"start": "00:16:00", "end": "00:16:05", "text": "first year with code pomp 20. Click the"}, {"start": "00:16:02", "end": "00:16:07", "text": "link in the description or visit sum at"}, {"start": "00:16:05", "end": "00:16:10", "text": "sum.com"}, {"start": "00:16:07", "end": "00:16:13", "text": "and use code pomp 20. Have you seen the"}, {"start": "00:16:10", "end": "00:16:14", "text": "double top inflation chart where I think"}, {"start": "00:16:13", "end": "00:16:16", "text": "it was in the 70s, you know, you get the"}, {"start": "00:16:14", "end": "00:16:17", "text": "big explosion, it comes down and then"}, {"start": "00:16:16", "end": "00:16:18", "text": "you basically get it reflaring right"}, {"start": "00:16:17", "end": "00:16:21", "text": "back up. Yep."}, {"start": "00:16:18", "end": "00:16:22", "text": ">> Um, could we see that? Could we see 9%"}, {"start": "00:16:21", "end": "00:16:25", "text": "inflation off of this?"}, {"start": "00:16:22", "end": "00:16:29", "text": ">> Uh, well, so far one-year tips are up to"}, {"start": "00:16:25", "end": "00:16:32", "text": "5%. Uh, so you've gotten up to 520. So"}, {"start": "00:16:29", "end": "00:16:35", "text": "the market's building in that for this"}, {"start": "00:16:32", "end": "00:16:36", "text": "year go up. Yeah. And I mean rates,"}, {"start": "00:16:35", "end": "00:16:39", "text": "short rates have gone up. We have Fed"}, {"start": "00:16:36", "end": "00:16:41", "text": "hikes starting to be built in. Uh, I"}, {"start": "00:16:39", "end": "00:16:46", "text": "would be very surprised if we don't see"}, {"start": "00:16:41", "end": "00:16:50", "text": "inflation headline CPI above"}, {"start": "00:16:46", "end": "00:16:52", "text": "five. I I'll put it as better than 40%"}, {"start": "00:16:50", "end": "00:16:53", "text": "chance that we're above five this year."}, {"start": "00:16:52", "end": "00:16:54", "text": "Uh, we're certainly"}, {"start": "00:16:53", "end": "00:16:57", "text": ">> this year 2026."}, {"start": "00:16:54", "end": "00:16:59", "text": ">> Oh, yeah. Well, by the time we get to"}, {"start": "00:16:57", "end": "00:17:01", "text": "the middle of May and we get the report"}, {"start": "00:16:59", "end": "00:17:03", "text": "for April, uh, we will have headline"}, {"start": "00:17:01", "end": "00:17:05", "text": "inflation above four. Not even a"}, {"start": "00:17:03", "end": "00:17:07", "text": "question. Uh, that that will happen"}, {"start": "00:17:05", "end": "00:17:09", "text": "certainly. And the reason is because gas"}, {"start": "00:17:07", "end": "00:17:10", "text": "at the pump, plastic prices, airline,"}, {"start": "00:17:09", "end": "00:17:11", "text": "all of that stuff's going higher."}, {"start": "00:17:10", "end": "00:17:13", "text": "Fertilizer prices, you're going to see"}, {"start": "00:17:11", "end": "00:17:16", "text": "food go higher. And that's all going to"}, {"start": "00:17:13", "end": "00:17:20", "text": "happen short term. Uh the import price"}, {"start": "00:17:16", "end": "00:17:21", "text": "inflation we just got for February. Now,"}, {"start": "00:17:20", "end": "00:17:23", "text": "I say February because"}, {"start": "00:17:21", "end": "00:17:27", "text": ">> it's not even before or not."}, {"start": "00:17:23", "end": "00:17:32", "text": ">> Oil prices were $63 or $66 when for that"}, {"start": "00:17:27", "end": "00:17:34", "text": "month. It was up 1.2% for the month. So"}, {"start": "00:17:32", "end": "00:17:37", "text": "now again, most of that was from"}, {"start": "00:17:34", "end": "00:17:39", "text": "electronics. What people forget is DRAM"}, {"start": "00:17:37", "end": "00:17:41", "text": "prices are up 400%. Like there's other"}, {"start": "00:17:39", "end": "00:17:43", "text": "components, all the peripherals and"}, {"start": "00:17:41", "end": "00:17:46", "text": "technology, all that optical fiber. This"}, {"start": "00:17:43", "end": "00:17:49", "text": "country imports a lot. So the AI side"}, {"start": "00:17:46", "end": "00:17:53", "text": "has increased the good side. And believe"}, {"start": "00:17:49", "end": "00:17:55", "text": "it or not, remember how much the tariffs"}, {"start": "00:17:53", "end": "00:17:57", "text": "were being eaten to some degree and it"}, {"start": "00:17:55", "end": "00:18:00", "text": "never filtered through. This is just the"}, {"start": "00:17:57", "end": "00:18:01", "text": "nature of what companies do. if their"}, {"start": "00:18:00", "end": "00:18:03", "text": "input prices are now going through the"}, {"start": "00:18:01", "end": "00:18:05", "text": "roof and they didn't pass them through"}, {"start": "00:18:03", "end": "00:18:07", "text": "before. Part of that was because their"}, {"start": "00:18:05", "end": "00:18:09", "text": "productivity numbers were good. If they"}, {"start": "00:18:07", "end": "00:18:11", "text": "start seeing consumption drop off, it"}, {"start": "00:18:09", "end": "00:18:12", "text": "wouldn't be surprising to see them air"}, {"start": "00:18:11", "end": "00:18:13", "text": "on the side of moving things higher."}, {"start": "00:18:12", "end": "00:18:16", "text": "That's what caused a lot of the problems"}, {"start": "00:18:13", "end": "00:18:18", "text": "back in uh in COVID is this mentality of"}, {"start": "00:18:16", "end": "00:18:21", "text": "moving higher. So, we will see it at a"}, {"start": "00:18:18", "end": "00:18:23", "text": "higher level. And that's again why I"}, {"start": "00:18:21", "end": "00:18:25", "text": "don't see a chance of the market having"}, {"start": "00:18:23", "end": "00:18:27", "text": "a sustainable bottom where you can move"}, {"start": "00:18:25", "end": "00:18:28", "text": "out of this and actually start to go"}, {"start": "00:18:27", "end": "00:18:31", "text": "higher until we have a peak in"}, {"start": "00:18:28", "end": "00:18:32", "text": "year-over-year inflation. Every day that"}, {"start": "00:18:31", "end": "00:18:33", "text": "passes, I think it's more likely that"}, {"start": "00:18:32", "end": "00:18:36", "text": "that's going to happen towards"}, {"start": "00:18:33", "end": "00:18:38", "text": "September, not towards April, even if"}, {"start": "00:18:36", "end": "00:18:40", "text": "things ended in the in the straight"}, {"start": "00:18:38", "end": "00:18:41", "text": "because I think the filtering through of"}, {"start": "00:18:40", "end": "00:18:44", "text": "all of these other prices are are going"}, {"start": "00:18:41", "end": "00:18:47", "text": "to happen very very soon."}, {"start": "00:18:44", "end": "00:18:49", "text": ">> Yeah. doubling of inflation this year I"}, {"start": "00:18:47", "end": "00:18:51", "text": "think would shock people and to your"}, {"start": "00:18:49", "end": "00:18:53", "text": "point about this market submission uh it"}, {"start": "00:18:51", "end": "00:18:54", "text": "would catch a lot of people off sides."}, {"start": "00:18:53", "end": "00:18:56", "text": "What happens to private credit, private"}, {"start": "00:18:54", "end": "00:18:59", "text": "equity, kind of these other things that"}, {"start": "00:18:56", "end": "00:19:00", "text": "are not um doing so hot already."}, {"start": "00:18:59", "end": "00:19:02", "text": ">> So let me give you the the other part of"}, {"start": "00:19:00", "end": "00:19:04", "text": "the 1970s since people are going to be"}, {"start": "00:19:02", "end": "00:19:06", "text": "looking at that chart of the the first"}, {"start": "00:19:04", "end": "00:19:08", "text": "wave and then the second wave. The"}, {"start": "00:19:06", "end": "00:19:10", "text": "second wave had another point another"}, {"start": "00:19:08", "end": "00:19:12", "text": "part associated with it which is not"}, {"start": "00:19:10", "end": "00:19:15", "text": "going to happen this time. uh and not in"}, {"start": "00:19:12", "end": "00:19:17", "text": "my in my opinion this this can't happen."}, {"start": "00:19:15", "end": "00:19:20", "text": "Uh if it does, we're we're in bigger"}, {"start": "00:19:17", "end": "00:19:22", "text": "trouble. The unemployment rate went up"}, {"start": "00:19:20", "end": "00:19:24", "text": "to 10% during that second wave. Um I"}, {"start": "00:19:22", "end": "00:19:26", "text": "don't believe that can happen. We still"}, {"start": "00:19:24", "end": "00:19:28", "text": "have a labor shortage and we still have"}, {"start": "00:19:26", "end": "00:19:30", "text": "a tremendous amount of net worth in in"}, {"start": "00:19:28", "end": "00:19:33", "text": "the country. So it is a very different"}, {"start": "00:19:30", "end": "00:19:35", "text": "situation because back then oil was such"}, {"start": "00:19:33", "end": "00:19:36", "text": "a bigger part of the economy. You're"}, {"start": "00:19:35", "end": "00:19:38", "text": "going to see that chart. So it made"}, {"start": "00:19:36", "end": "00:19:41", "text": "sense. It's a different world now. We're"}, {"start": "00:19:38", "end": "00:19:43", "text": "a digital economy. We have 20% of"}, {"start": "00:19:41", "end": "00:19:45", "text": "consumption in this country is health"}, {"start": "00:19:43", "end": "00:19:47", "text": "care which does not change and has no"}, {"start": "00:19:45", "end": "00:19:49", "text": "cyclicality and for everyone to realize"}, {"start": "00:19:47", "end": "00:19:50", "text": "a lot of that is funded by the"}, {"start": "00:19:49", "end": "00:19:52", "text": "government. So when you've heard the"}, {"start": "00:19:50", "end": "00:19:55", "text": "term universal basic income just"}, {"start": "00:19:52", "end": "00:19:58", "text": "remember we have $5 trillion"}, {"start": "00:19:55", "end": "00:20:00", "text": "a year that is basically transfer"}, {"start": "00:19:58", "end": "00:20:03", "text": "payments to people that includes"}, {"start": "00:20:00", "end": "00:20:05", "text": "Medicare, Medicaid, all it means that"}, {"start": "00:20:03", "end": "00:20:07", "text": "the expenditures for health care because"}, {"start": "00:20:05", "end": "00:20:10", "text": "we have a sick country they're spending"}, {"start": "00:20:07", "end": "00:20:12", "text": "that much money that's GDP that's 20% of"}, {"start": "00:20:10", "end": "00:20:14", "text": "of of uh consumption now of"}, {"start": "00:20:12", "end": "00:20:16", "text": "expenditures. Wealthy people are not"}, {"start": "00:20:14", "end": "00:20:17", "text": "going to change their spending habits"}, {"start": "00:20:16", "end": "00:20:19", "text": "dramatically. Yes, they'll pull back on"}, {"start": "00:20:17", "end": "00:20:23", "text": "some things, but to actually see the job"}, {"start": "00:20:19", "end": "00:20:25", "text": "losses, you actually need to see"}, {"start": "00:20:23", "end": "00:20:26", "text": "consumption drop off a cliff. When you"}, {"start": "00:20:25", "end": "00:20:29", "text": "add in the one plus trillion dollars"}, {"start": "00:20:26", "end": "00:20:31", "text": "that are happening in capex from AI,"}, {"start": "00:20:29", "end": "00:20:33", "text": "well, that's three half% of GDP. You add"}, {"start": "00:20:31", "end": "00:20:35", "text": "in the consumption, which maybe it'll"}, {"start": "00:20:33", "end": "00:20:37", "text": "fall, it's been growing at four, maybe"}, {"start": "00:20:35", "end": "00:20:40", "text": "it grows at two. You're still dealing"}, {"start": "00:20:37", "end": "00:20:41", "text": "with kind of 5% type numbers that are"}, {"start": "00:20:40", "end": "00:20:42", "text": "happening. There's going to be negatives"}, {"start": "00:20:41", "end": "00:20:43", "text": "in housing. There'll be negatives in"}, {"start": "00:20:42", "end": "00:20:46", "text": "commercial real estate. There'll be"}, {"start": "00:20:43", "end": "00:20:48", "text": "negatives in other things. And that part"}, {"start": "00:20:46", "end": "00:20:50", "text": "less little less consumption little"}, {"start": "00:20:48", "end": "00:20:52", "text": "issues on commercial real estate. But"}, {"start": "00:20:50", "end": "00:20:53", "text": "more importantly, the liquidity trap"}, {"start": "00:20:52", "end": "00:20:55", "text": "that's happening in private credit will"}, {"start": "00:20:53", "end": "00:20:57", "text": "have an impact. So credit is not going"}, {"start": "00:20:55", "end": "00:20:59", "text": "to get better. The best case scenario"}, {"start": "00:20:57", "end": "00:21:03", "text": "for credit for me, the best case is that"}, {"start": "00:20:59", "end": "00:21:05", "text": "we go through a 2000 to 2005 situation"}, {"start": "00:21:03", "end": "00:21:07", "text": "where spreads gradually widen out. It's"}, {"start": "00:21:05", "end": "00:21:10", "text": "not some kind of systemic issue. This"}, {"start": "00:21:07", "end": "00:21:13", "text": "was all during the.com bubble, but you"}, {"start": "00:21:10", "end": "00:21:15", "text": "had to get rid of this spending, this"}, {"start": "00:21:13", "end": "00:21:17", "text": "debt that was happening that shouldn't"}, {"start": "00:21:15", "end": "00:21:19", "text": "have happened. I think this is going to"}, {"start": "00:21:17", "end": "00:21:21", "text": "be a gradual credit spread rising. Not a"}, {"start": "00:21:19", "end": "00:21:23", "text": "complete panic, but I do think they're"}, {"start": "00:21:21", "end": "00:21:25", "text": "going to have to intervene at some point"}, {"start": "00:21:23", "end": "00:21:27", "text": "in the private credit side, but that"}, {"start": "00:21:25", "end": "00:21:28", "text": "will happen when the insurance companies"}, {"start": "00:21:27", "end": "00:21:30", "text": "and in particular annuities are brought"}, {"start": "00:21:28", "end": "00:21:31", "text": "into the equation, which I think is a"}, {"start": "00:21:30", "end": "00:21:32", "text": "growing risk every day."}, {"start": "00:21:31", "end": "00:21:34", "text": ">> All right. So, I want to bring all this"}, {"start": "00:21:32", "end": "00:21:36", "text": "uh full circle here. You know, we talk a"}, {"start": "00:21:34", "end": "00:21:40", "text": "lot about AI. you got on uh perplexity"}, {"start": "00:21:36", "end": "00:21:41", "text": "and you used AI as a big uh big moment"}, {"start": "00:21:40", "end": "00:21:43", "text": "for us here where we're going to"}, {"start": "00:21:41", "end": "00:21:45", "text": "reference something you built which is"}, {"start": "00:21:43", "end": "00:21:50", "text": "you basically looked at the S&P's return"}, {"start": "00:21:45", "end": "00:21:53", "text": "by CPI regime going from 1933 to 2026"}, {"start": "00:21:50", "end": "00:21:55", "text": "and what you asked is if CPI is above or"}, {"start": "00:21:53", "end": "00:21:58", "text": "below 4% what was the annualized return"}, {"start": "00:21:55", "end": "00:22:02", "text": "of the S&P and so the data shows that"}, {"start": "00:21:58", "end": "00:22:05", "text": "when CPI is below 4% the S&P 500 is"}, {"start": "00:22:02", "end": "00:22:08", "text": "compounded at 11% annualized when CPI is"}, {"start": "00:22:05", "end": "00:22:10", "text": "at or above 4% then the market has"}, {"start": "00:22:08", "end": "00:22:12", "text": "actually lost money on an annualized"}, {"start": "00:22:10", "end": "00:22:15", "text": "basis and it's negative 1.19%."}, {"start": "00:22:12", "end": "00:22:20", "text": "So basically high inflation has actually"}, {"start": "00:22:15", "end": "00:22:24", "text": "led to bad stock returns and vice versa."}, {"start": "00:22:20", "end": "00:22:26", "text": "Do we go flat like our equities in the"}, {"start": "00:22:24", "end": "00:22:29", "text": "public market and therefore private"}, {"start": "00:22:26", "end": "00:22:30", "text": "equity how bad is this?"}, {"start": "00:22:29", "end": "00:22:32", "text": ">> Well there's two things about the"}, {"start": "00:22:30", "end": "00:22:35", "text": "numbers. First of all, um, a big shout"}, {"start": "00:22:32", "end": "00:22:38", "text": "out to Perplexity with Perplexity"}, {"start": "00:22:35", "end": "00:22:40", "text": "Computer. So, it's great. It It's"}, {"start": "00:22:38", "end": "00:22:42", "text": "fantastic. And and and I've"}, {"start": "00:22:40", "end": "00:22:44", "text": "differentiated when I use it versus"}, {"start": "00:22:42", "end": "00:22:48", "text": "OpenClaw and and how I'm using the two."}, {"start": "00:22:44", "end": "00:22:50", "text": "It it it re I everyone who's out there"}, {"start": "00:22:48", "end": "00:22:52", "text": "who wants to understand how agents work"}, {"start": "00:22:50", "end": "00:22:54", "text": "and how you can do projects and build"}, {"start": "00:22:52", "end": "00:22:57", "text": "dashboards and things like that, just"}, {"start": "00:22:54", "end": "00:22:59", "text": "play around with it. pay pay the the max"}, {"start": "00:22:57", "end": "00:23:00", "text": "money for one month, even if it's just"}, {"start": "00:22:59", "end": "00:23:05", "text": "for one month, and just see what you can"}, {"start": "00:23:00", "end": "00:23:06", "text": "build. Uh it it's worth it. It it it"}, {"start": "00:23:05", "end": "00:23:09", "text": "it's amazing what you you can go"}, {"start": "00:23:06", "end": "00:23:11", "text": "through. So, I did this where I got the"}, {"start": "00:23:09", "end": "00:23:13", "text": "data and then I just put the data in an"}, {"start": "00:23:11", "end": "00:23:15", "text": "Excel file and I gave it to them. Now,"}, {"start": "00:23:13", "end": "00:23:17", "text": "two things about it. Um yes, when"}, {"start": "00:23:15", "end": "00:23:20", "text": "inflation is at least 4%. So, anywhere"}, {"start": "00:23:17", "end": "00:23:23", "text": "where it's been four and higher until it"}, {"start": "00:23:20", "end": "00:23:25", "text": "gets back below, that's the return. The"}, {"start": "00:23:23", "end": "00:23:27", "text": "problem is while inflation's going up,"}, {"start": "00:23:25", "end": "00:23:29", "text": "the returns are much more negative. So"}, {"start": "00:23:27", "end": "00:23:31", "text": "you have to think about and this is what"}, {"start": "00:23:29", "end": "00:23:33", "text": "happened during the 70s. In the 70s,"}, {"start": "00:23:31", "end": "00:23:35", "text": "even when inflation was high, the bottom"}, {"start": "00:23:33", "end": "00:23:37", "text": "for stocks happened when year-over-year"}, {"start": "00:23:35", "end": "00:23:39", "text": "CPI peaked. So even if it peaked at 10,"}, {"start": "00:23:37", "end": "00:23:41", "text": "when it started to decline, stocks went"}, {"start": "00:23:39", "end": "00:23:43", "text": "higher and they got back to kind of"}, {"start": "00:23:41", "end": "00:23:44", "text": "unchanged while it went back below four."}, {"start": "00:23:43", "end": "00:23:47", "text": "That's the main thing that I think"}, {"start": "00:23:44", "end": "00:23:50", "text": "people should keep keep in mind is"}, {"start": "00:23:47", "end": "00:23:52", "text": "stocks are about not good or bad."}, {"start": "00:23:50", "end": "00:23:55", "text": "They're about better or worse. And so"}, {"start": "00:23:52", "end": "00:23:56", "text": "the rate of change matters a lot. And"}, {"start": "00:23:55", "end": "00:23:59", "text": "one of the key things for people to"}, {"start": "00:23:56", "end": "00:24:01", "text": "think about in trying to forecast where"}, {"start": "00:23:59", "end": "00:24:03", "text": "is a good time to buy. Like okay, when"}, {"start": "00:24:01", "end": "00:24:06", "text": "do I buy? Okay, for some of the names"}, {"start": "00:24:03", "end": "00:24:09", "text": "that you like, I still like Micron. It's"}, {"start": "00:24:06", "end": "00:24:11", "text": "trading at sub4 PE off earnings next"}, {"start": "00:24:09", "end": "00:24:14", "text": "year and they're very likely to beat"}, {"start": "00:24:11", "end": "00:24:16", "text": "earnings, but I think the helium problem"}, {"start": "00:24:14", "end": "00:24:18", "text": "could bring some production cuts. So I"}, {"start": "00:24:16", "end": "00:24:19", "text": "thought in my mind as we kind of when I"}, {"start": "00:24:18", "end": "00:24:21", "text": "started turning more bearish that I"}, {"start": "00:24:19", "end": "00:24:23", "text": "could see this thing go down to 325. And"}, {"start": "00:24:21", "end": "00:24:25", "text": "the reason is Nvidia is cheap and Nvidia"}, {"start": "00:24:23", "end": "00:24:27", "text": "keeps getting cheaper and they've had 20"}, {"start": "00:24:25", "end": "00:24:30", "text": "30 40 50% draw downs. They had the"}, {"start": "00:24:27", "end": "00:24:32", "text": "Deepseek moment which draw drew it down"}, {"start": "00:24:30", "end": "00:24:33", "text": "last year for no valid reason. I think"}, {"start": "00:24:32", "end": "00:24:35", "text": "Micron is going to go through a similar"}, {"start": "00:24:33", "end": "00:24:37", "text": "thing. I think the semi the the memory"}, {"start": "00:24:35", "end": "00:24:38", "text": "names are going to go through that. So I"}, {"start": "00:24:37", "end": "00:24:41", "text": "kind of have a list of places where I"}, {"start": "00:24:38", "end": "00:24:43", "text": "want to be buying stuff. I was I bought"}, {"start": "00:24:41", "end": "00:24:45", "text": "VIX whatever it was four or five weeks"}, {"start": "00:24:43", "end": "00:24:47", "text": "ago. Well, when I was sitting out in"}, {"start": "00:24:45", "end": "00:24:49", "text": "your lobby, I've got offers out there in"}, {"start": "00:24:47", "end": "00:24:51", "text": "my VIX stuff that I bought to sell a"}, {"start": "00:24:49", "end": "00:24:53", "text": "little bit because I'm taking off some"}, {"start": "00:24:51", "end": "00:24:54", "text": "of my hedges as we go through. Not all"}, {"start": "00:24:53", "end": "00:24:57", "text": "of them, but I think at this point,"}, {"start": "00:24:54", "end": "00:24:58", "text": "we've fallen now 7% off the highs"}, {"start": "00:24:57", "end": "00:25:02", "text": "pre-market with where the VIX was. We"}, {"start": "00:24:58", "end": "00:25:02", "text": "were equal"}, {"start": "00:25:08", "end": "00:25:12", "text": "halfway through it, maybe 40%. So, you"}, {"start": "00:25:11", "end": "00:25:14", "text": "should be taking off a little bit of the"}, {"start": "00:25:12", "end": "00:25:15", "text": "hedges and you should be buying a little"}, {"start": "00:25:14", "end": "00:25:18", "text": "bit. But if you want to find the spot"}, {"start": "00:25:15", "end": "00:25:20", "text": "where I think you can safely get things,"}, {"start": "00:25:18", "end": "00:25:21", "text": "it's when the high and in year-over-year"}, {"start": "00:25:20", "end": "00:25:24", "text": "inflation will be. And like I said, I"}, {"start": "00:25:21", "end": "00:25:27", "text": "think the earliest that can be is the"}, {"start": "00:25:24", "end": "00:25:28", "text": "middle of May. It's probably out towards"}, {"start": "00:25:27", "end": "00:25:30", "text": "September. So, I just want to be"}, {"start": "00:25:28", "end": "00:25:31", "text": "cautious, but those are the places I'm"}, {"start": "00:25:30", "end": "00:25:33", "text": "going. In Bitcoin, I want to start"}, {"start": "00:25:31", "end": "00:25:35", "text": "buying at that exact point."}, {"start": "00:25:33", "end": "00:25:38", "text": ">> Before we get to Bitcoin, let's say"}, {"start": "00:25:35", "end": "00:25:40", "text": "you're right on midMay. That's still"}, {"start": "00:25:38", "end": "00:25:42", "text": "quite a long time before midterms. Mhm."}, {"start": "00:25:40", "end": "00:25:46", "text": ">> Can we be back at all-time high stock"}, {"start": "00:25:42", "end": "00:25:46", "text": "prices by midterms?"}, {"start": "00:25:46", "end": "00:25:49", "text": ">> No, I don't I don't I don't think people"}, {"start": "00:25:48", "end": "00:25:51", "text": "should be thinking all-time highs in"}, {"start": "00:25:49", "end": "00:25:53", "text": "stocks this year. So, last year when you"}, {"start": "00:25:51", "end": "00:25:55", "text": "asked me the question, um I think we"}, {"start": "00:25:53", "end": "00:25:56", "text": "both said yes."}, {"start": "00:25:55", "end": "00:25:58", "text": "I this"}, {"start": "00:25:56", "end": "00:26:01", "text": ">> man, last year was awesome."}, {"start": "00:25:58", "end": "00:26:03", "text": ">> LA last year was was good. It's I I"}, {"start": "00:26:01", "end": "00:26:05", "text": "don't think people um like me as much"}, {"start": "00:26:03", "end": "00:26:06", "text": "when I'm negative."}, {"start": "00:26:05", "end": "00:26:08", "text": ">> Yeah."}, {"start": "00:26:06", "end": "00:26:10", "text": ">> But I'm I'm not I'm not negative."}, {"start": "00:26:08", "end": "00:26:12", "text": "There's a bull market in hardware."}, {"start": "00:26:10", "end": "00:26:14", "text": "There's a bull market in commodities."}, {"start": "00:26:12", "end": "00:26:16", "text": "When those things are in a bull market,"}, {"start": "00:26:14", "end": "00:26:19", "text": "um scarcity is a tough thing to trade."}, {"start": "00:26:16", "end": "00:26:20", "text": "Like shortages are not easy."}, {"start": "00:26:19", "end": "00:26:23", "text": ">> Um they go up a lot and then they come"}, {"start": "00:26:20", "end": "00:26:24", "text": "down a lot. You have to have a little"}, {"start": "00:26:23", "end": "00:26:26", "text": "bit more comfort with the volatility as"}, {"start": "00:26:24", "end": "00:26:29", "text": "opposed to owning software names or"}, {"start": "00:26:26", "end": "00:26:31", "text": "owning the Mag 7 or whatever it is. Uh I"}, {"start": "00:26:29", "end": "00:26:33", "text": "I I think people just need to get"}, {"start": "00:26:31", "end": "00:26:35", "text": "comfortable with it's not a bare market."}, {"start": "00:26:33", "end": "00:26:37", "text": "It's a bull market in some things. So,"}, {"start": "00:26:35", "end": "00:26:39", "text": "when you say all-time highs, you're"}, {"start": "00:26:37", "end": "00:26:42", "text": "embedding two things. Is software going"}, {"start": "00:26:39", "end": "00:26:44", "text": "back to all-time highs? No."}, {"start": "00:26:42", "end": "00:26:46", "text": "No, it's not. Uh, that's a structural"}, {"start": "00:26:44", "end": "00:26:48", "text": "change. It never should have been at"}, {"start": "00:26:46", "end": "00:26:49", "text": "levels. Will financials go up? Is the"}, {"start": "00:26:48", "end": "00:26:52", "text": "private credit situation going to"}, {"start": "00:26:49", "end": "00:26:54", "text": "reverse and go back? No, it's not. Well,"}, {"start": "00:26:52", "end": "00:26:58", "text": "that's a big chunk of the market. Is"}, {"start": "00:26:54", "end": "00:27:00", "text": "Oracle, is Meta? Is No, they're not. So"}, {"start": "00:26:58", "end": "00:27:03", "text": "you have to remember that if the market"}, {"start": "00:27:00", "end": "00:27:05", "text": "only ends the year down five, which I"}, {"start": "00:27:03", "end": "00:27:07", "text": "think is very possible,"}, {"start": "00:27:05", "end": "00:27:09", "text": "there'll be a lot of stocks that are up"}, {"start": "00:27:07", "end": "00:27:11", "text": "significantly. And rather than focus on"}, {"start": "00:27:09", "end": "00:27:13", "text": "the index, which is weighted to a world"}, {"start": "00:27:11", "end": "00:27:16", "text": "that no longer exists, that is disrupted"}, {"start": "00:27:13", "end": "00:27:17", "text": "by AI, you have to focus on this. Do I"}, {"start": "00:27:16", "end": "00:27:18", "text": "think the Brazilian market will be at"}, {"start": "00:27:17", "end": "00:27:20", "text": "all-time highs before the end of the"}, {"start": "00:27:18", "end": "00:27:22", "text": "year? Absolutely. But it's not off the"}, {"start": "00:27:20", "end": "00:27:23", "text": "all-time highs by that much. So that's"}, {"start": "00:27:22", "end": "00:27:25", "text": "the way I want people to think about it."}, {"start": "00:27:23", "end": "00:27:26", "text": "Same thing with silver. Same thing with"}, {"start": "00:27:25", "end": "00:27:28", "text": "other things like that. There's better"}, {"start": "00:27:26", "end": "00:27:31", "text": "things to ask the question rather than"}, {"start": "00:27:28", "end": "00:27:32", "text": "the S&P 500. I think that's just making"}, {"start": "00:27:31", "end": "00:27:34", "text": "a mistake."}, {"start": "00:27:32", "end": "00:27:36", "text": ">> Bitcoin"}, {"start": "00:27:34", "end": "00:27:38", "text": ">> that will be at alltime highs."}, {"start": "00:27:36", "end": "00:27:41", "text": ">> Alltime highs by midterms."}, {"start": "00:27:38", "end": "00:27:44", "text": ">> Yes. In my in in my opinion, Bitcoin"}, {"start": "00:27:41", "end": "00:27:46", "text": "will bottom first. It will it's already"}, {"start": "00:27:44", "end": "00:27:48", "text": "acting better. I mean, it's amazing that"}, {"start": "00:27:46", "end": "00:27:48", "text": "during this whole 4-week period."}, {"start": "00:27:48", "end": "00:27:51", "text": ">> Crazy."}, {"start": "00:27:48", "end": "00:27:53", "text": ">> Four weeks. It has sat every single day"}, {"start": "00:27:51", "end": "00:27:56", "text": "between 68,000 and 72 on a closing basis"}, {"start": "00:27:53", "end": "00:27:57", "text": "except for like 3 days. It's it's insane"}, {"start": "00:27:56", "end": "00:27:58", "text": "that you've been able it's sitting there"}, {"start": "00:27:57", "end": "00:27:59", "text": "now."}, {"start": "00:27:58", "end": "00:28:00", "text": ">> Why do you think that's happening just"}, {"start": "00:27:59", "end": "00:28:02", "text": "before you get to the price?"}, {"start": "00:28:00", "end": "00:28:04", "text": ">> Well, first of all, I do think that"}, {"start": "00:28:02", "end": "00:28:06", "text": "there were a lot of trades that were"}, {"start": "00:28:04", "end": "00:28:07", "text": "short Bitcoin in general. So, one of the"}, {"start": "00:28:06", "end": "00:28:08", "text": "things people have to do like I was"}, {"start": "00:28:07", "end": "00:28:10", "text": "listening to some podcast on the way"}, {"start": "00:28:08", "end": "00:28:11", "text": "over here like, \"Yeah, consumer staples"}, {"start": "00:28:10", "end": "00:28:13", "text": "are going down. That means something"}, {"start": "00:28:11", "end": "00:28:15", "text": "good's happening in the market.\" I'm"}, {"start": "00:28:13", "end": "00:28:18", "text": "like, \"Guys, you guys got to get used to"}, {"start": "00:28:15", "end": "00:28:20", "text": "this. When there's deleveraging,"}, {"start": "00:28:18", "end": "00:28:21", "text": "pair trades are coming off. Deleveraging"}, {"start": "00:28:20", "end": "00:28:23", "text": "by definition in the hedge fund world"}, {"start": "00:28:21", "end": "00:28:24", "text": "means, okay, I'm long gold, I'm short"}, {"start": "00:28:23", "end": "00:28:25", "text": "Bitcoin. I think a lot of people had"}, {"start": "00:28:24", "end": "00:28:28", "text": "that trade on. It was working great."}, {"start": "00:28:25", "end": "00:28:30", "text": "Well, when they take that off, it leads"}, {"start": "00:28:28", "end": "00:28:32", "text": "to a bid in Bitcoin. The same thing that"}, {"start": "00:28:30", "end": "00:28:34", "text": "was killing it. Same. The other thing is"}, {"start": "00:28:32", "end": "00:28:36", "text": "software has bottomed. Like, it hasn't"}, {"start": "00:28:34", "end": "00:28:38", "text": "fallen yet. It's not rallying, but it's"}, {"start": "00:28:36", "end": "00:28:42", "text": "not falling. If software has found a"}, {"start": "00:28:38", "end": "00:28:44", "text": "level, which I kind of think it has,"}, {"start": "00:28:42", "end": "00:28:46", "text": "where it's very difficult for it to go"}, {"start": "00:28:44", "end": "00:28:49", "text": "down a lot. So now it just trades with"}, {"start": "00:28:46", "end": "00:28:50", "text": "the beta of the S&P. Well, that's good"}, {"start": "00:28:49", "end": "00:28:52", "text": "for Bitcoin. So I think that's the first"}, {"start": "00:28:50", "end": "00:28:54", "text": "thing that's happened. The second thing,"}, {"start": "00:28:52", "end": "00:28:57", "text": "and this is the point that I I really do"}, {"start": "00:28:54", "end": "00:28:59", "text": "think people need to put in context. I"}, {"start": "00:28:57", "end": "00:29:01", "text": "think we're in a world of liquidity. I"}, {"start": "00:28:59", "end": "00:29:02", "text": "think liquidity is becoming real-time"}, {"start": "00:29:01", "end": "00:29:04", "text": "liquidity is becoming very very"}, {"start": "00:29:02", "end": "00:29:06", "text": "important to people. It's not just"}, {"start": "00:29:04", "end": "00:29:08", "text": "private credit that people are trapped"}, {"start": "00:29:06", "end": "00:29:10", "text": "in. Remember, they're trapped in private"}, {"start": "00:29:08", "end": "00:29:12", "text": "equity like the endowments. They need"}, {"start": "00:29:10", "end": "00:29:14", "text": "liquidity. uh liquidity is going to be a"}, {"start": "00:29:12", "end": "00:29:18", "text": "bigger story because part of the thing"}, {"start": "00:29:14", "end": "00:29:20", "text": "that I talk about is I believe the fiat"}, {"start": "00:29:18", "end": "00:29:21", "text": "assets have peaked. So the reason I"}, {"start": "00:29:20", "end": "00:29:24", "text": "don't think stocks are going back to"}, {"start": "00:29:21", "end": "00:29:25", "text": "all-time highs is because I think in 10"}, {"start": "00:29:24", "end": "00:29:27", "text": "years, best case scenario, they're the"}, {"start": "00:29:25", "end": "00:29:30", "text": "same price they are now. That's in my"}, {"start": "00:29:27", "end": "00:29:32", "text": "mind what I believe because of AI. If"}, {"start": "00:29:30", "end": "00:29:34", "text": "that's the case, there's a gradual"}, {"start": "00:29:32", "end": "00:29:36", "text": "debasement. And what people have to be"}, {"start": "00:29:34", "end": "00:29:39", "text": "comfortable with is we always talk about"}, {"start": "00:29:36", "end": "00:29:41", "text": "debasement from a debt perspective."}, {"start": "00:29:39", "end": "00:29:43", "text": "The debt of the US government at $40"}, {"start": "00:29:41", "end": "00:29:45", "text": "trillion"}, {"start": "00:29:43", "end": "00:29:49", "text": "is small in comparison to the household"}, {"start": "00:29:45", "end": "00:29:53", "text": "net worth in the United States of $175"}, {"start": "00:29:49", "end": "00:29:55", "text": "trillion. The global assets are $800"}, {"start": "00:29:53", "end": "00:29:58", "text": "trillion."}, {"start": "00:29:55", "end": "00:30:01", "text": "Most of that is illquid. The liquid"}, {"start": "00:29:58", "end": "00:30:02", "text": "part, the stocks, the bonds, okay,"}, {"start": "00:30:01", "end": "00:30:05", "text": "they're both down this month. This will"}, {"start": "00:30:02", "end": "00:30:08", "text": "be the worst month for a 60/40 portfolio"}, {"start": "00:30:05", "end": "00:30:10", "text": "since 2022. That includes liberation"}, {"start": "00:30:08", "end": "00:30:12", "text": "month last year. So that's because it"}, {"start": "00:30:10", "end": "00:30:14", "text": "didn't stay down that long. This will be"}, {"start": "00:30:12", "end": "00:30:15", "text": "a bad month for people in their"}, {"start": "00:30:14", "end": "00:30:17", "text": "portfolios. What are they going to do?"}, {"start": "00:30:15", "end": "00:30:18", "text": "What are they going to look to? Well,"}, {"start": "00:30:17", "end": "00:30:20", "text": "Bitcoin during the month is going to"}, {"start": "00:30:18", "end": "00:30:22", "text": "hang in there. And if all of a sudden"}, {"start": "00:30:20", "end": "00:30:23", "text": "you look back at the end of the year,"}, {"start": "00:30:22", "end": "00:30:24", "text": "and this is the reason why I think"}, {"start": "00:30:23", "end": "00:30:27", "text": "there's going to be a flood of money"}, {"start": "00:30:24", "end": "00:30:29", "text": "into liquid items"}, {"start": "00:30:27", "end": "00:30:31", "text": "that are growth,"}, {"start": "00:30:29", "end": "00:30:33", "text": "and if you want to perform and you're a"}, {"start": "00:30:31", "end": "00:30:35", "text": "pension fund or an endowment, they need"}, {"start": "00:30:33", "end": "00:30:37", "text": "to make money. Like I don't think people"}, {"start": "00:30:35", "end": "00:30:39", "text": "realize and having been both at Morgan"}, {"start": "00:30:37", "end": "00:30:41", "text": "Stanley and then at a hedge fund where I"}, {"start": "00:30:39", "end": "00:30:44", "text": "talked to these investors, they have to"}, {"start": "00:30:41", "end": "00:30:45", "text": "meet their liabilities. This is not like"}, {"start": "00:30:44", "end": "00:30:48", "text": "that's why the endowments needed to"}, {"start": "00:30:45", "end": "00:30:50", "text": "raise cash. They needed liquidity. So I"}, {"start": "00:30:48", "end": "00:30:52", "text": "think the liquidity part of the argument"}, {"start": "00:30:50", "end": "00:30:54", "text": "is becoming a story that is very very"}, {"start": "00:30:52", "end": "00:30:56", "text": "important. And the same thing goes for"}, {"start": "00:30:54", "end": "00:30:59", "text": "hedge funds. If they're levered"}, {"start": "00:30:56", "end": "00:31:01", "text": "significantly and the correlations are"}, {"start": "00:30:59", "end": "00:31:03", "text": "shaking, they need to raise cash. They"}, {"start": "00:31:01", "end": "00:31:06", "text": "need more liquidity. So, I just think"}, {"start": "00:31:03", "end": "00:31:07", "text": "there's a a problem in the market that"}, {"start": "00:31:06", "end": "00:31:09", "text": "people don't realize how much liquidity"}, {"start": "00:31:07", "end": "00:31:11", "text": "is going to be in demand for the rest of"}, {"start": "00:31:09", "end": "00:31:14", "text": "this year. And that liquidity will lead"}, {"start": "00:31:11", "end": "00:31:16", "text": "to items that trade 24/7 that are liquid"}, {"start": "00:31:14", "end": "00:31:18", "text": "and have a growth component. So, once"}, {"start": "00:31:16", "end": "00:31:20", "text": "the equity market finds a level where"}, {"start": "00:31:18", "end": "00:31:22", "text": "the multiples are just too cheap, which"}, {"start": "00:31:20", "end": "00:31:24", "text": "I think is going to come up within the"}, {"start": "00:31:22", "end": "00:31:26", "text": "next 10% of the S&P, I think Bitcoin"}, {"start": "00:31:24", "end": "00:31:27", "text": "will again be the fastest horse of the"}, {"start": "00:31:26", "end": "00:31:29", "text": "race, and I think at that point, it's"}, {"start": "00:31:27", "end": "00:31:29", "text": "going to bring a lot of new people into"}, {"start": "00:31:29", "end": "00:31:30", "text": "it."}, {"start": "00:31:29", "end": "00:31:32", "text": ">> Today's episode is brought to you by"}, {"start": "00:31:30", "end": "00:31:33", "text": "Fountain Life. 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Receive $1,000 off the"}, {"start": "00:32:08", "end": "00:32:11", "text": "cost of a life-changing membership with"}, {"start": "00:32:10", "end": "00:32:14", "text": "Fountain Life when you schedule a call"}, {"start": "00:32:11", "end": "00:32:16", "text": "at fountainlife.com/pom."}, {"start": "00:32:14", "end": "00:32:18", "text": "That's fountainlife.com/pom."}, {"start": "00:32:16", "end": "00:32:20", "text": "Today's episode is brought to you by"}, {"start": "00:32:18", "end": "00:32:21", "text": "Bitcoin IRA. Are you a crypto investor"}, {"start": "00:32:20", "end": "00:32:23", "text": "with a retirement account, but don't"}, {"start": "00:32:21", "end": "00:32:25", "text": "have any crypto in that retirement"}, {"start": "00:32:23", "end": "00:32:27", "text": "account? Then listen up. This message is"}, {"start": "00:32:25", "end": "00:32:29", "text": "for you. Bitcoin IRA is revolutionizing"}, {"start": "00:32:27", "end": "00:32:30", "text": "the way Americans save for retirement."}, {"start": "00:32:29", "end": "00:32:32", "text": "They're helping smart investors"}, {"start": "00:32:30", "end": "00:32:34", "text": "diversify their savings with access to"}, {"start": "00:32:32", "end": "00:32:36", "text": "over 80 cryptocurrencies. With"}, {"start": "00:32:34", "end": "00:32:37", "text": "world-class customer service,"}, {"start": "00:32:36", "end": "00:32:39", "text": "militarygrade encryption, and a"}, {"start": "00:32:37", "end": "00:32:41", "text": "vertically integrated licensed trust"}, {"start": "00:32:39", "end": "00:32:43", "text": "company, it's no wonder more than"}, {"start": "00:32:41", "end": "00:32:45", "text": "200,000 Americans trust Bitcoin IRA to"}, {"start": "00:32:43", "end": "00:32:47", "text": "secure their financial future. Getting"}, {"start": "00:32:45", "end": "00:32:48", "text": "started is quick and easy. It takes just"}, {"start": "00:32:47", "end": "00:32:50", "text": "3 minutes to open an account. Once"}, {"start": "00:32:48", "end": "00:32:52", "text": "you're set up, their team of IRA"}, {"start": "00:32:50", "end": "00:32:54", "text": "specialists will reach out to guide you"}, {"start": "00:32:52", "end": "00:32:55", "text": "through every step of the process."}, {"start": "00:32:54", "end": "00:32:58", "text": "Whether you're transferring an IRA from"}, {"start": "00:32:55", "end": "00:33:00", "text": "a legacy bank, rolling over an old 401k,"}, {"start": "00:32:58", "end": "00:33:02", "text": "or starting fresh with new contribution,"}, {"start": "00:33:00", "end": "00:33:05", "text": "the Bitcoin IRA team is here to help you"}, {"start": "00:33:02", "end": "00:33:07", "text": "access real crypto in your retirement"}, {"start": "00:33:05", "end": "00:33:09", "text": "account. And here's the best part. As a"}, {"start": "00:33:07", "end": "00:33:12", "text": "Pomp podcast listener, you can earn up"}, {"start": "00:33:09", "end": "00:33:14", "text": "to $1,000 in rewards. All you have to do"}, {"start": "00:33:12", "end": "00:33:17", "text": "is add funds to your account. Search for"}, {"start": "00:33:14", "end": "00:33:19", "text": "Bitcoin IRA in the app store or visit"}, {"start": "00:33:17", "end": "00:33:22", "text": "bitcoinirra.com/pump"}, {"start": "00:33:19", "end": "00:33:23", "text": "and you can join 200,000 Americans on"}, {"start": "00:33:22", "end": "00:33:27", "text": "their journey to upgrade their"}, {"start": "00:33:23", "end": "00:33:30", "text": "retirement. That's bitcoinirra.com/pump"}, {"start": "00:33:27", "end": "00:33:32", "text": "to upgrade your retirement today. What"}, {"start": "00:33:30", "end": "00:33:35", "text": "about the altcoins?"}, {"start": "00:33:32", "end": "00:33:38", "text": ">> Uh the altcoins are going to take more"}, {"start": "00:33:35", "end": "00:33:40", "text": "time. Um"}, {"start": "00:33:38", "end": "00:33:42", "text": ">> so but again they'll bottom the same"}, {"start": "00:33:40", "end": "00:33:43", "text": "time. Will the altcoins recover to"}, {"start": "00:33:42", "end": "00:33:47", "text": "alltime highs?"}, {"start": "00:33:43", "end": "00:33:49", "text": ">> Some of them will, of course. Um, don't"}, {"start": "00:33:47", "end": "00:33:50", "text": "don't get me. I I you know, I love the"}, {"start": "00:33:49", "end": "00:33:52", "text": "entire community. I don't want to talk"}, {"start": "00:33:50", "end": "00:33:52", "text": "about all coin altcoins, but I want to"}, {"start": "00:33:52", "end": "00:33:53", "text": "talk about"}, {"start": "00:33:52", "end": "00:33:54", "text": ">> ladies and gentlemen, that might be your"}, {"start": "00:33:53", "end": "00:33:56", "text": "answer right there."}, {"start": "00:33:54", "end": "00:33:57", "text": ">> Here. No, there's So, again,"}, {"start": "00:33:56", "end": "00:33:59", "text": ">> I think they're going to have a very"}, {"start": "00:33:57", "end": "00:34:02", "text": "tough time. I actually, sure, maybe"}, {"start": "00:33:59", "end": "00:34:03", "text": "there's an outlier here or there. Uh, I"}, {"start": "00:34:02", "end": "00:34:06", "text": "do not think most of the altcoins are"}, {"start": "00:34:03", "end": "00:34:07", "text": "going back to alltime highs. They will"}, {"start": "00:34:06", "end": "00:34:09", "text": "bleed out definitely against Bitcoin and"}, {"start": "00:34:07", "end": "00:34:10", "text": "I think that most of them are going to"}, {"start": "00:34:09", "end": "00:34:12", "text": "have a tough time."}, {"start": "00:34:10", "end": "00:34:14", "text": ">> 2027 is going to be a very different"}, {"start": "00:34:12", "end": "00:34:16", "text": "year for the crypto space than this"}, {"start": "00:34:14", "end": "00:34:18", "text": "year. This year is a transition year"}, {"start": "00:34:16", "end": "00:34:21", "text": "away from fiat assets. And for that to"}, {"start": "00:34:18", "end": "00:34:23", "text": "work, two themes need to happen. Number"}, {"start": "00:34:21", "end": "00:34:26", "text": "one, the growth asset story. And again,"}, {"start": "00:34:23", "end": "00:34:29", "text": "as someone who admits repeatedly on"}, {"start": "00:34:26", "end": "00:34:32", "text": "every interview I do, I did not expect"}, {"start": "00:34:29", "end": "00:34:34", "text": "Bitcoin to come back below 100,000. But"}, {"start": "00:34:32", "end": "00:34:36", "text": "I also did not expect the rerating in"}, {"start": "00:34:34", "end": "00:34:39", "text": "software to go so violently so fast"}, {"start": "00:34:36", "end": "00:34:41", "text": "because of AI progress."}, {"start": "00:34:39", "end": "00:34:43", "text": "Stable coins traded record volume in"}, {"start": "00:34:41", "end": "00:34:44", "text": "January. I haven't seen the February"}, {"start": "00:34:43", "end": "00:34:46", "text": "numbers. I don't know if you have, but"}, {"start": "00:34:44", "end": "00:34:48", "text": "11 trillion in the first month of the"}, {"start": "00:34:46", "end": "00:34:50", "text": "year off of 33 trillion means the"}, {"start": "00:34:48", "end": "00:34:52", "text": "agentic world is accelerating. So the"}, {"start": "00:34:50", "end": "00:34:53", "text": "network effects are going to happen."}, {"start": "00:34:52", "end": "00:34:55", "text": "Ethereum is going to benefit from that."}, {"start": "00:34:53", "end": "00:34:59", "text": "Bitcoin will benefit from it. So the the"}, {"start": "00:34:55", "end": "00:35:01", "text": "the most important thing to me is what"}, {"start": "00:34:59", "end": "00:35:03", "text": "are the volumes doing in stable coins?"}, {"start": "00:35:01", "end": "00:35:05", "text": "That's my direct link to the AI agents."}, {"start": "00:35:03", "end": "00:35:08", "text": "How much of the guard rails being used?"}, {"start": "00:35:05", "end": "00:35:11", "text": "Number two, Ethereum is an important"}, {"start": "00:35:08", "end": "00:35:13", "text": "gateway for all of the hedge fund people"}, {"start": "00:35:11", "end": "00:35:15", "text": "and all of the endowments and all that."}, {"start": "00:35:13", "end": "00:35:17", "text": "And the reason is because it actually"}, {"start": "00:35:15", "end": "00:35:20", "text": "can be used in a discounted cash flow."}, {"start": "00:35:17", "end": "00:35:22", "text": "You can actually attach something to it"}, {"start": "00:35:20", "end": "00:35:24", "text": "to convert Ethereum back into this. And"}, {"start": "00:35:22", "end": "00:35:26", "text": "if people haven't done the work, and I'm"}, {"start": "00:35:24", "end": "00:35:28", "text": "sure they have because of Circle to some"}, {"start": "00:35:26", "end": "00:35:30", "text": "degree, I do I am getting asked the"}, {"start": "00:35:28", "end": "00:35:31", "text": "question more and more from smart people"}, {"start": "00:35:30", "end": "00:35:32", "text": "because I think they're giving up on"}, {"start": "00:35:31", "end": "00:35:34", "text": "software. I think they're really getting"}, {"start": "00:35:32", "end": "00:35:36", "text": "tired of like, why am I trying to buy"}, {"start": "00:35:34", "end": "00:35:37", "text": "this if I don't know? Let me find"}, {"start": "00:35:36", "end": "00:35:39", "text": "something that's growing. Well, this"}, {"start": "00:35:37", "end": "00:35:41", "text": "area is growing. So, I think Ethereum is"}, {"start": "00:35:39", "end": "00:35:43", "text": "a critical thing. You need to stay above"}, {"start": "00:35:41", "end": "00:35:45", "text": "2,000. We break back below, Bitcoin will"}, {"start": "00:35:43", "end": "00:35:47", "text": "go back down towards 60. But I think"}, {"start": "00:35:45", "end": "00:35:49", "text": "this bottoming process is healthy from"}, {"start": "00:35:47", "end": "00:35:51", "text": "that perspective. And then the final"}, {"start": "00:35:49", "end": "00:35:53", "text": "part is people still ask me the"}, {"start": "00:35:51", "end": "00:35:56", "text": "question, well, how does Bitcoin"}, {"start": "00:35:53", "end": "00:35:57", "text": "benefit? And I just say the same thing."}, {"start": "00:35:56", "end": "00:35:59", "text": "Do you guys realize that the majority of"}, {"start": "00:35:57", "end": "00:36:02", "text": "people do not invest in individual"}, {"start": "00:35:59", "end": "00:36:04", "text": "securities with stories? Yes, they do."}, {"start": "00:36:02", "end": "00:36:07", "text": "No, they don't. They're in spy. There's"}, {"start": "00:36:04", "end": "00:36:09", "text": "no story for SPY. Bitcoin is spy with"}, {"start": "00:36:07", "end": "00:36:10", "text": "inside the digital world. It always will"}, {"start": "00:36:09", "end": "00:36:12", "text": "be. So, when people say store of value,"}, {"start": "00:36:10", "end": "00:36:13", "text": "I always sit there. I'm like, do you"}, {"start": "00:36:12", "end": "00:36:15", "text": "think a pension fund is ever going to go"}, {"start": "00:36:13", "end": "00:36:17", "text": "buy Salana? Do you think a pension fund"}, {"start": "00:36:15", "end": "00:36:20", "text": "is ever going to go buy any other"}, {"start": "00:36:17", "end": "00:36:22", "text": "altcoin that you want to name right now?"}, {"start": "00:36:20", "end": "00:36:24", "text": ">> Maybe down the road, but they barely got"}, {"start": "00:36:22", "end": "00:36:26", "text": "approval to get into Bitcoin. And if"}, {"start": "00:36:24", "end": "00:36:28", "text": "Bitcoin's working, they all can buy it"}, {"start": "00:36:26", "end": "00:36:30", "text": "at this point for a variety of reasons."}, {"start": "00:36:28", "end": "00:36:32", "text": "And so I think you're going to see"}, {"start": "00:36:30", "end": "00:36:34", "text": "waitings in this go up. And if there's"}, {"start": "00:36:32", "end": "00:36:35", "text": "one really positive sign, having"}, {"start": "00:36:34", "end": "00:36:39", "text": "attended so many events, your events,"}, {"start": "00:36:35", "end": "00:36:41", "text": "the digital asset summit this week,"}, {"start": "00:36:39", "end": "00:36:44", "text": "the community is not not very optimistic"}, {"start": "00:36:41", "end": "00:36:45", "text": "from the retail side, from the"}, {"start": "00:36:44", "end": "00:36:47", "text": "entrepreneur side, there's a lot of buzz"}, {"start": "00:36:45", "end": "00:36:50", "text": "still going on."}, {"start": "00:36:47", "end": "00:36:52", "text": ">> Well, it they see also um you've net new"}, {"start": "00:36:50", "end": "00:36:55", "text": "buyers coming in the market and buyers"}, {"start": "00:36:52", "end": "00:36:57", "text": "being uh large institutions who need"}, {"start": "00:36:55", "end": "00:36:59", "text": "software, infrastructure, allocate to"}, {"start": "00:36:57", "end": "00:37:03", "text": "funds, you know, buy assets, whatever."}, {"start": "00:36:59", "end": "00:37:04", "text": "So like it is this um I forget what"}, {"start": "00:37:03", "end": "00:37:06", "text": "where I saw it. Uh maybe it was Ben"}, {"start": "00:37:04", "end": "00:37:07", "text": "Horowit. Somebody was talking online. I"}, {"start": "00:37:06", "end": "00:37:09", "text": "saw a clip and they were basically"}, {"start": "00:37:07", "end": "00:37:12", "text": "saying that uh right now if you're like"}, {"start": "00:37:09", "end": "00:37:14", "text": "a salesperson at OpenAI or Anthropic"}, {"start": "00:37:12", "end": "00:37:16", "text": "like don't start believing your own"}, {"start": "00:37:14", "end": "00:37:19", "text": "nonsense. You know you're basically you"}, {"start": "00:37:16", "end": "00:37:22", "text": "know throwing uh throwing fish food into"}, {"start": "00:37:19", "end": "00:37:25", "text": "like a little you know gold uh uh little"}, {"start": "00:37:22", "end": "00:37:28", "text": "fishbowl and people are just predisposed"}, {"start": "00:37:25", "end": "00:37:30", "text": "to buy AI. Well, if you go talk to a"}, {"start": "00:37:28", "end": "00:37:31", "text": "digital assets team at a traditional"}, {"start": "00:37:30", "end": "00:37:33", "text": "financial firm right now, they got to"}, {"start": "00:37:31", "end": "00:37:34", "text": "get in the game. They got cash, they got"}, {"start": "00:37:33", "end": "00:37:36", "text": "budget, they, you know what I mean? So,"}, {"start": "00:37:34", "end": "00:37:37", "text": "like, they're going to go and spend,"}, {"start": "00:37:36", "end": "00:37:38", "text": "which is great for the industry."}, {"start": "00:37:37", "end": "00:37:40", "text": ">> Y"}, {"start": "00:37:38", "end": "00:37:42", "text": ">> the retail folks been here. I don't need"}, {"start": "00:37:40", "end": "00:37:44", "text": "a 17th exchange. I don't need another"}, {"start": "00:37:42", "end": "00:37:46", "text": "hardware wallet. I don't need, you know,"}, {"start": "00:37:44", "end": "00:37:48", "text": "whatever software. And so, I do think"}, {"start": "00:37:46", "end": "00:37:50", "text": "that that's also why you're seeing the"}, {"start": "00:37:48", "end": "00:37:51", "text": "like institutional pivot is people, the"}, {"start": "00:37:50", "end": "00:37:52", "text": "entrepreneurs are chasing where the"}, {"start": "00:37:51", "end": "00:37:56", "text": "money is. Like, where's the budget and"}, {"start": "00:37:52", "end": "00:37:58", "text": "all that? Um, interestingly, maybe"}, {"start": "00:37:56", "end": "00:37:59", "text": "that's why all the old software"}, {"start": "00:37:58", "end": "00:38:02", "text": "companies are also starting to struggle"}, {"start": "00:37:59", "end": "00:38:07", "text": "is like right now the question isn't do"}, {"start": "00:38:02", "end": "00:38:09", "text": "I switch from CRM number one to CRM"}, {"start": "00:38:07", "end": "00:38:12", "text": "number two. The question is do I keep my"}, {"start": "00:38:09", "end": "00:38:14", "text": "CRM or do I just build an AI, you know,"}, {"start": "00:38:12", "end": "00:38:16", "text": "version, right? And so there there's"}, {"start": "00:38:14", "end": "00:38:20", "text": "less kind of chasing of new dollars in"}, {"start": "00:38:16", "end": "00:38:21", "text": "all software. I so let let's separate"}, {"start": "00:38:20", "end": "00:38:24", "text": "software and let's talk about the AI"}, {"start": "00:38:21", "end": "00:38:26", "text": "startups and and and you brought up a a"}, {"start": "00:38:24", "end": "00:38:28", "text": "good point to me and if we go through"}, {"start": "00:38:26", "end": "00:38:30", "text": "what we've talked about you and I have"}, {"start": "00:38:28", "end": "00:38:31", "text": "both talked about the insane ability for"}, {"start": "00:38:30", "end": "00:38:32", "text": "AI startups to ramp."}, {"start": "00:38:31", "end": "00:38:34", "text": ">> Yep."}, {"start": "00:38:32", "end": "00:38:36", "text": ">> Like just go from zero to 100 million AR"}, {"start": "00:38:34", "end": "00:38:38", "text": "very quickly."}, {"start": "00:38:36", "end": "00:38:39", "text": ">> So cool. But now you're start you're"}, {"start": "00:38:38", "end": "00:38:40", "text": "personally because you're involved with"}, {"start": "00:38:39", "end": "00:38:42", "text": "a lot of these companies. It's just the"}, {"start": "00:38:40", "end": "00:38:44", "text": "nature of who you are and what you get"}, {"start": "00:38:42", "end": "00:38:45", "text": "involved with. And now you're starting"}, {"start": "00:38:44", "end": "00:38:49", "text": "to see that the competition comes so"}, {"start": "00:38:45", "end": "00:38:52", "text": "quickly as well. So it's very very hard"}, {"start": "00:38:49", "end": "00:38:54", "text": "for two sets of like a VC portfolio. On"}, {"start": "00:38:52", "end": "00:38:56", "text": "the one side they have all these SAS"}, {"start": "00:38:54", "end": "00:38:58", "text": "companies that they invested in in 2022"}, {"start": "00:38:56", "end": "00:39:02", "text": "which are now under the public company"}, {"start": "00:38:58", "end": "00:39:03", "text": "destruction. At the same time you have"}, {"start": "00:39:02", "end": "00:39:05", "text": "this other cohort where they're making"}, {"start": "00:39:03", "end": "00:39:07", "text": "investments in companies and all of a"}, {"start": "00:39:05", "end": "00:39:10", "text": "sudden and I mentioned this with cursor."}, {"start": "00:39:07", "end": "00:39:12", "text": "I haven't touched cursor or replet since"}, {"start": "00:39:10", "end": "00:39:15", "text": "Claude Code entered my life. I literally"}, {"start": "00:39:12", "end": "00:39:17", "text": "just canceled the subscriptions to both."}, {"start": "00:39:15", "end": "00:39:18", "text": ">> Hey, can you get the replet one back and"}, {"start": "00:39:17", "end": "00:39:20", "text": "lovable the bomb investors in both of"}, {"start": "00:39:18", "end": "00:39:21", "text": "those? Come on."}, {"start": "00:39:20", "end": "00:39:23", "text": ">> But you start to see that"}, {"start": "00:39:21", "end": "00:39:26", "text": ">> I'm Let's go. I got I got a retention of"}, {"start": "00:39:23", "end": "00:39:27", "text": "one right here. Let's go. You see what"}, {"start": "00:39:26", "end": "00:39:30", "text": "starts happening is that the world is"}, {"start": "00:39:27", "end": "00:39:33", "text": "changing so quickly that it it's no"}, {"start": "00:39:30", "end": "00:39:34", "text": "longer ways has a a ramp for a while and"}, {"start": "00:39:33", "end": "00:39:36", "text": "then you wait for Google Maps to get"}, {"start": "00:39:34", "end": "00:39:38", "text": "enough subscribers to go. Like this"}, {"start": "00:39:36", "end": "00:39:40", "text": "stuff is changing so rapidly that it"}, {"start": "00:39:38", "end": "00:39:42", "text": "gets back into the point that I've I've"}, {"start": "00:39:40", "end": "00:39:44", "text": "written about since and I looked at the"}, {"start": "00:39:42", "end": "00:39:46", "text": "first time I wrote this. It was in 2023"}, {"start": "00:39:44", "end": "00:39:49", "text": "after I used ChachiBT for a while. I"}, {"start": "00:39:46", "end": "00:39:53", "text": "said it's official. You will never have"}, {"start": "00:39:49", "end": "00:39:55", "text": "a moat again. A moat is durable. Emote"}, {"start": "00:39:53", "end": "00:39:58", "text": "lasts for a long time. It's not going to"}, {"start": "00:39:55", "end": "00:40:00", "text": "happen for softwarebased companies"}, {"start": "00:39:58", "end": "00:40:02", "text": "because any idea can be uploaded to open"}, {"start": "00:40:00", "end": "00:40:06", "text": "call and say, \"Hey, build this for me.\""}, {"start": "00:40:02", "end": "00:40:08", "text": "I while I was before I came for for to"}, {"start": "00:40:06", "end": "00:40:11", "text": "meet you, I was in a restaurant having a"}, {"start": "00:40:08", "end": "00:40:12", "text": "little breakfast and I was going fancy."}, {"start": "00:40:11", "end": "00:40:15", "text": "Yeah, it was dishes was great. I'll give"}, {"start": "00:40:12", "end": "00:40:19", "text": "a little shout out. Um I'm I'm on X and"}, {"start": "00:40:15", "end": "00:40:20", "text": "all of a sudden this amazing tool gets"}, {"start": "00:40:19", "end": "00:40:21", "text": "mentioned to me. Someone posted"}, {"start": "00:40:20", "end": "00:40:23", "text": "something in GitHub and there and"}, {"start": "00:40:21", "end": "00:40:25", "text": "whenever I see this, get rid of your"}, {"start": "00:40:23", "end": "00:40:27", "text": "Bloomberg terminal. You can do this now."}, {"start": "00:40:25", "end": "00:40:28", "text": "I always upload it. But here's what I do"}, {"start": "00:40:27", "end": "00:40:32", "text": "now. I'm sitting there and I go to"}, {"start": "00:40:28", "end": "00:40:34", "text": "Telegram. I copy. All I do is copy the"}, {"start": "00:40:32", "end": "00:40:37", "text": "expost. I put it into OpenClaw and say,"}, {"start": "00:40:34", "end": "00:40:39", "text": "\"Do me build this for me so I can use it"}, {"start": "00:40:37", "end": "00:40:42", "text": "when I get home.\" First of all, it was"}, {"start": "00:40:39", "end": "00:40:43", "text": "done in no time. But the amazing part is"}, {"start": "00:40:42", "end": "00:40:45", "text": "it starts sending me all these messages."}, {"start": "00:40:43", "end": "00:40:47", "text": "OpenClaw assistant. And my OpenClaw's"}, {"start": "00:40:45", "end": "00:40:48", "text": "name is Snake for Snake Blitzkin. It's"}, {"start": "00:40:47", "end": "00:40:49", "text": "too old."}, {"start": "00:40:48", "end": "00:40:51", "text": ">> Amazing. Amazing. Snake."}, {"start": "00:40:49", "end": "00:40:53", "text": ">> You guys know who Snake Blitzkin is?"}, {"start": "00:40:51", "end": "00:40:54", "text": ">> You Well, Matt does. See?"}, {"start": "00:40:53", "end": "00:40:55", "text": ">> All right."}, {"start": "00:40:54", "end": "00:40:57", "text": ">> You don't know who he is, right? Okay."}, {"start": "00:40:55", "end": "00:41:00", "text": "It's from Escape from New York. any any"}, {"start": "00:40:57", "end": "00:41:01", "text": "anybody watching this who's my age near"}, {"start": "00:41:00", "end": "00:41:02", "text": "60,"}, {"start": "00:41:01", "end": "00:41:03", "text": ">> they know who it is. There's there's"}, {"start": "00:41:02", "end": "00:41:06", "text": "some good uh"}, {"start": "00:41:03", "end": "00:41:07", "text": ">> maybe I'm about to do this this weekend."}, {"start": "00:41:06", "end": "00:41:09", "text": ">> It's perfect for this time. Escape from"}, {"start": "00:41:07", "end": "00:41:11", "text": "New York. It's about getting out of this"}, {"start": "00:41:09", "end": "00:41:13", "text": "really dystopian time. Um but the"}, {"start": "00:41:11", "end": "00:41:15", "text": "reality is that's how fast things are"}, {"start": "00:41:13", "end": "00:41:18", "text": "moving. And I go back to my belief in"}, {"start": "00:41:15", "end": "00:41:19", "text": "Bitcoin and all of really kind of I'll"}, {"start": "00:41:18", "end": "00:41:22", "text": "say Ethereum at this point because it"}, {"start": "00:41:19", "end": "00:41:23", "text": "does have a moat for now."}, {"start": "00:41:22", "end": "00:41:25", "text": ">> For now."}, {"start": "00:41:23", "end": "00:41:27", "text": ">> Okay, let's not get into it. Go ahead. I"}, {"start": "00:41:25", "end": "00:41:32", "text": "want the ETH heads coming after me."}, {"start": "00:41:27", "end": "00:41:34", "text": ">> Well, here Bitcoin in particular has no"}, {"start": "00:41:32", "end": "00:41:37", "text": "story and it's my favorite thing. It has"}, {"start": "00:41:34", "end": "00:41:38", "text": "just been chosen and it's very hard to"}, {"start": "00:41:37", "end": "00:41:39", "text": "break a belief."}, {"start": "00:41:38", "end": "00:41:40", "text": ">> It does have a story. The immaculate"}, {"start": "00:41:39", "end": "00:41:42", "text": "conception."}, {"start": "00:41:40", "end": "00:41:44", "text": ">> Yeah. Well, the Bitcoin white paper"}, {"start": "00:41:42", "end": "00:41:46", "text": "created a belief system. It's been"}, {"start": "00:41:44", "end": "00:41:48", "text": "accepted. It is the chosen one not just"}, {"start": "00:41:46", "end": "00:41:49", "text": "for hundreds of millions of people"}, {"start": "00:41:48", "end": "00:41:51", "text": "around the world in different countries,"}, {"start": "00:41:49", "end": "00:41:53", "text": "but for institutions. It is the only way"}, {"start": "00:41:51", "end": "00:41:55", "text": "if they want to invest in the ecosystem."}, {"start": "00:41:53", "end": "00:41:57", "text": "And what I learned a long time ago, the"}, {"start": "00:41:55", "end": "00:41:59", "text": "one thing that I've never found in a"}, {"start": "00:41:57", "end": "00:42:01", "text": "human being except for a few Buddhist"}, {"start": "00:41:59", "end": "00:42:03", "text": "monks that I've met, every human being"}, {"start": "00:42:01", "end": "00:42:05", "text": "has one overlap with each other. They're"}, {"start": "00:42:03", "end": "00:42:08", "text": "all greedy. And so they all need to make"}, {"start": "00:42:05", "end": "00:42:10", "text": "money for the future. And if something"}, {"start": "00:42:08", "end": "00:42:11", "text": "is going higher and something is not"}, {"start": "00:42:10", "end": "00:42:13", "text": "going higher, which is where I view"}, {"start": "00:42:11", "end": "00:42:15", "text": "software. That's why I love the debate."}, {"start": "00:42:13", "end": "00:42:16", "text": "Software is going higher. No, it's not."}, {"start": "00:42:15", "end": "00:42:17", "text": "It's going higher. I don't want to be"}, {"start": "00:42:16", "end": "00:42:19", "text": "involved in it. I think it's just dead"}, {"start": "00:42:17", "end": "00:42:20", "text": "money. I want to be invested in"}, {"start": "00:42:19", "end": "00:42:22", "text": "something that can compound at 50% a"}, {"start": "00:42:20", "end": "00:42:23", "text": "year, and I think Bitcoin will do it."}, {"start": "00:42:22", "end": "00:42:26", "text": "So, all-time highs for Bitcoin this"}, {"start": "00:42:23", "end": "00:42:28", "text": "year, mainly because inflation is here,"}, {"start": "00:42:26", "end": "00:42:30", "text": "liquidity is needed, and I don't see a"}, {"start": "00:42:28", "end": "00:42:31", "text": "regime shift going back the other"}, {"start": "00:42:30", "end": "00:42:34", "text": "direction. I actually think we"}, {"start": "00:42:31", "end": "00:42:36", "text": "officially left the"}, {"start": "00:42:34", "end": "00:42:38", "text": "glory days of QE and inflation, and"}, {"start": "00:42:36", "end": "00:42:40", "text": "we're in a world where the government"}, {"start": "00:42:38", "end": "00:42:42", "text": "can't print money, debts high, and the"}, {"start": "00:42:40", "end": "00:42:43", "text": "rotation of the assets is going to start"}, {"start": "00:42:42", "end": "00:42:44", "text": "chasing the one that doesn't have a"}, {"start": "00:42:43", "end": "00:42:46", "text": "story."}, {"start": "00:42:44", "end": "00:42:48", "text": ">> As a Bitcoin investor, I hope you're"}, {"start": "00:42:46", "end": "00:42:50", "text": "right. That'd be amazing. Um,"}, {"start": "00:42:48", "end": "00:42:52", "text": ">> so do your kids."}, {"start": "00:42:50", "end": "00:42:54", "text": ">> Let's see what happens. Uh what are you"}, {"start": "00:42:52", "end": "00:42:57", "text": "going to do your video on this week?"}, {"start": "00:42:54", "end": "00:43:00", "text": ">> Uh I'm going to show a lot of um a lot"}, {"start": "00:42:57", "end": "00:43:03", "text": "of things on inflation. If people are"}, {"start": "00:43:00", "end": "00:43:05", "text": "still debating uh for those of you"}, {"start": "00:43:03", "end": "00:43:08", "text": "who've not seen my video, go see it. Um"}, {"start": "00:43:05", "end": "00:43:10", "text": "each Sunday morning at 8:30. I never ask"}, {"start": "00:43:08", "end": "00:43:11", "text": "on this show for people to go watch. The"}, {"start": "00:43:10", "end": "00:43:12", "text": "only reason I'm saying that"}, {"start": "00:43:11", "end": "00:43:14", "text": ">> I do that for you. I tell people"}, {"start": "00:43:12", "end": "00:43:15", "text": ">> you do. You're very you're very very"}, {"start": "00:43:14", "end": "00:43:17", "text": "nice. That's why we're such good friends"}, {"start": "00:43:15", "end": "00:43:18", "text": "at this point. Um, I the reason people"}, {"start": "00:43:17", "end": "00:43:20", "text": "should go go"}, {"start": "00:43:18", "end": "00:43:21", "text": ">> like he's like a hot girl who gets all"}, {"start": "00:43:20", "end": "00:43:23", "text": "the compliments. Of course, I like"}, {"start": "00:43:21", "end": "00:43:26", "text": "hanging out with that guy."}, {"start": "00:43:23", "end": "00:43:28", "text": ">> Um, before we we shot this, I talked"}, {"start": "00:43:26", "end": "00:43:30", "text": "about the importance of storytelling."}, {"start": "00:43:28", "end": "00:43:33", "text": "Um, I suck at many many things in life."}, {"start": "00:43:30", "end": "00:43:36", "text": "I will never claim to be um the most"}, {"start": "00:43:33", "end": "00:43:38", "text": "educated, the most the most wellspoken."}, {"start": "00:43:36", "end": "00:43:40", "text": "You give me a pen, I can write things"}, {"start": "00:43:38", "end": "00:43:43", "text": "and I can correct it and go slowly. Uh,"}, {"start": "00:43:40", "end": "00:43:46", "text": "but here's what I do do well. I can tell"}, {"start": "00:43:43", "end": "00:43:48", "text": "a story because I can connect the pieces"}, {"start": "00:43:46", "end": "00:43:50", "text": "that I think are separate pieces that"}, {"start": "00:43:48", "end": "00:43:53", "text": "are important. Put them together. The"}, {"start": "00:43:50", "end": "00:43:55", "text": "inflation situation is going to be the"}, {"start": "00:43:53", "end": "00:43:57", "text": "major story for the next two months. It"}, {"start": "00:43:55", "end": "00:43:59", "text": "is a problem in Asia that is already"}, {"start": "00:43:57", "end": "00:44:00", "text": "existing throughout Australia, through"}, {"start": "00:43:59", "end": "00:44:03", "text": "New Zealand, through Vietnam, through"}, {"start": "00:44:00", "end": "00:44:06", "text": "Indonesia, through every place there. It"}, {"start": "00:44:03", "end": "00:44:08", "text": "will be in Europe soon because the"}, {"start": "00:44:06", "end": "00:44:09", "text": "energy can't make it around the globe."}, {"start": "00:44:08", "end": "00:44:11", "text": "And once it gets over to the US, it"}, {"start": "00:44:09", "end": "00:44:14", "text": "won't be as bad because we have our own"}, {"start": "00:44:11", "end": "00:44:15", "text": "energy production here. But the problem"}, {"start": "00:44:14", "end": "00:44:17", "text": "is we import stuff from around the"}, {"start": "00:44:15", "end": "00:44:19", "text": "world. And I will be highlighting what"}, {"start": "00:44:17", "end": "00:44:21", "text": "happened with the import prices. And you"}, {"start": "00:44:19", "end": "00:44:24", "text": "have to remember this is before oil went"}, {"start": "00:44:21", "end": "00:44:26", "text": "higher. So we import a ton of stuff. 40%"}, {"start": "00:44:24", "end": "00:44:28", "text": "of the S&P revenues come from overseas."}, {"start": "00:44:26", "end": "00:44:30", "text": "There's an inflationary component. And"}, {"start": "00:44:28", "end": "00:44:32", "text": "by people seeing this, it's not a"}, {"start": "00:44:30", "end": "00:44:34", "text": "bearish thing. I don't want to get into"}, {"start": "00:44:32", "end": "00:44:35", "text": "that. It just means that we've shifted"}, {"start": "00:44:34", "end": "00:44:37", "text": "regimes. People need to adjust for it."}, {"start": "00:44:35", "end": "00:44:39", "text": "And I think once the sentiment accepts"}, {"start": "00:44:37", "end": "00:44:40", "text": "that inflation is going to be above 4%,"}, {"start": "00:44:39", "end": "00:44:42", "text": "we can be at a better time to start"}, {"start": "00:44:40", "end": "00:44:43", "text": "making some investments on the"}, {"start": "00:44:42", "end": "00:44:46", "text": "aggressive side. Again,"}, {"start": "00:44:43", "end": "00:44:47", "text": ">> Jordy Visser on YouTube, search that. Go"}, {"start": "00:44:46", "end": "00:44:49", "text": "watch the video. When you're there,"}, {"start": "00:44:47", "end": "00:44:50", "text": "actually, what we should do, you want to"}, {"start": "00:44:49", "end": "00:44:52", "text": "have some fun this weekend."}, {"start": "00:44:50", "end": "00:44:54", "text": ">> You should leave a comment that says,"}, {"start": "00:44:52", "end": "00:44:56", "text": "\"Pomp sent me.\" And just blast his"}, {"start": "00:44:54", "end": "00:44:57", "text": "comments with Pomp sent me. It' be real"}, {"start": "00:44:56", "end": "00:44:59", "text": "fun for him to try to see what"}, {"start": "00:44:57", "end": "00:45:00", "text": "everyone's saying. All he reads is Palm"}, {"start": "00:44:59", "end": "00:45:01", "text": "sent me. All right, that's it for this"}, {"start": "00:45:00", "end": "00:45:02", "text": "week. Thanks so much. Do it again next"}, {"start": "00:45:01", "end": "00:45:05", "text": "week. Thanks, guys."}, {"start": "00:45:02", "end": "00:45:05", "text": ">> Thanks."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "But I do think that that has been a big"}, {"start": "00:00:01", "end": "00:00:05", "text": "disservice to the American people that"}, {"start": "00:00:04", "end": "00:00:07", "text": "the regulators, especially under the"}, {"start": "00:00:05", "end": "00:00:09", "text": "last administration who never got to use"}, {"start": "00:00:07", "end": "00:00:12", "text": "this stuff. We're trying to to kill it"}, {"start": "00:00:09", "end": "00:00:14", "text": "here in the United States. So creating a"}, {"start": "00:00:12", "end": "00:00:16", "text": "framework where at least regulators can"}, {"start": "00:00:14", "end": "00:00:18", "text": "experiment with it, maybe use stable"}, {"start": "00:00:16", "end": "00:00:19", "text": "coins, things like that. You know, I"}, {"start": "00:00:18", "end": "00:00:21", "text": "think that's uh something that we should"}, {"start": "00:00:19", "end": "00:00:22", "text": "change in the country. What's going on"}, {"start": "00:00:21", "end": "00:00:24", "text": "guys? Today we've got a very special"}, {"start": "00:00:22", "end": "00:00:27", "text": "conversation. We have the 16th chairman"}, {"start": "00:00:24", "end": "00:00:28", "text": "of the CFTC, Mike Celig, is here to join"}, {"start": "00:00:27", "end": "00:00:29", "text": "us. And in this conversation, we are"}, {"start": "00:00:28", "end": "00:00:30", "text": "going to talk about the three most"}, {"start": "00:00:29", "end": "00:00:31", "text": "important technologies that are facing"}, {"start": "00:00:30", "end": "00:00:32", "text": "financial markets. We're going to talk"}, {"start": "00:00:31", "end": "00:00:34", "text": "about artificial intelligence,"}, {"start": "00:00:32", "end": "00:00:35", "text": "prediction markets, and crypto. And how"}, {"start": "00:00:34", "end": "00:00:37", "text": "we are thinking about allowing people to"}, {"start": "00:00:35", "end": "00:00:39", "text": "take risk in the market, but also how we"}, {"start": "00:00:37", "end": "00:00:40", "text": "can go and make sure that people don't"}, {"start": "00:00:39", "end": "00:00:42", "text": "break the rules. One of the interesting"}, {"start": "00:00:40", "end": "00:00:43", "text": "things about regulators is that they"}, {"start": "00:00:42", "end": "00:00:45", "text": "have to encourage innovation. They have"}, {"start": "00:00:43", "end": "00:00:46", "text": "to encourage the risk-taking, but they"}, {"start": "00:00:45", "end": "00:00:48", "text": "also have to make sure that our markets"}, {"start": "00:00:46", "end": "00:00:49", "text": "are safe and sound. And Mike's got a"}, {"start": "00:00:48", "end": "00:00:51", "text": "very unique view because he used to use"}, {"start": "00:00:49", "end": "00:00:52", "text": "these technologies in the private sector"}, {"start": "00:00:51", "end": "00:00:54", "text": "before he joined as regulator. And so,"}, {"start": "00:00:52", "end": "00:00:56", "text": "he's got a very interesting insight into"}, {"start": "00:00:54", "end": "00:00:56", "text": "how they're thinking about this. And I"}, {"start": "00:00:56", "end": "00:00:58", "text": "think you're going to be very surprised"}, {"start": "00:00:56", "end": "00:01:00", "text": "by the approach they're taking. Here's"}, {"start": "00:00:58", "end": "00:01:01", "text": "my conversation with Mike Cely. All"}, {"start": "00:01:00", "end": "00:01:02", "text": "right, chairman. I thought a great place"}, {"start": "00:01:01", "end": "00:01:05", "text": "to start the conversation is obviously"}, {"start": "00:01:02", "end": "00:01:07", "text": "uh crypto has been in the crosshairs of"}, {"start": "00:01:05", "end": "00:01:08", "text": "the SEC, the CFTC. There's been a ton of"}, {"start": "00:01:07", "end": "00:01:09", "text": "pressure on the industry over the last"}, {"start": "00:01:08", "end": "00:01:12", "text": "couple years. It seems like there's been"}, {"start": "00:01:09", "end": "00:01:14", "text": "a 180 now. CFTC and SEC not only are"}, {"start": "00:01:12", "end": "00:01:15", "text": "working together, but also seem to be"}, {"start": "00:01:14", "end": "00:01:16", "text": "trying to encourage innovation in the"}, {"start": "00:01:15", "end": "00:01:18", "text": "space. Can you talk a little bit about"}, {"start": "00:01:16", "end": "00:01:19", "text": "just the philosophy of these two"}, {"start": "00:01:18", "end": "00:01:21", "text": "organizations coming together and then"}, {"start": "00:01:19", "end": "00:01:23", "text": "what do you guys hope to accomplish by"}, {"start": "00:01:21", "end": "00:01:25", "text": "providing this tailwind to the industry?"}, {"start": "00:01:23", "end": "00:01:27", "text": "Well, for so many years, the agencies"}, {"start": "00:01:25", "end": "00:01:29", "text": "have not been able to cooperate,"}, {"start": "00:01:27", "end": "00:01:32", "text": "coordinate, work together. And so, we've"}, {"start": "00:01:29", "end": "00:01:33", "text": "wound up with this patchwork of rules"}, {"start": "00:01:32", "end": "00:01:35", "text": "and regulations that are often"}, {"start": "00:01:33", "end": "00:01:38", "text": "inconsistent. And we saw with the last"}, {"start": "00:01:35", "end": "00:01:40", "text": "administration, Gary Gendler's SEC led a"}, {"start": "00:01:38", "end": "00:01:42", "text": "war on crypto. They they brought"}, {"start": "00:01:40", "end": "00:01:44", "text": "enforcement actions against all sorts of"}, {"start": "00:01:42", "end": "00:01:46", "text": "builders and and innovative technology"}, {"start": "00:01:44", "end": "00:01:47", "text": "companies. And then the CFTC really did"}, {"start": "00:01:46", "end": "00:01:49", "text": "nothing about it. Just kind of stood on"}, {"start": "00:01:47", "end": "00:01:51", "text": "the sidelines. And now Chairman Atkins"}, {"start": "00:01:49", "end": "00:01:52", "text": "and I are working together, but we're"}, {"start": "00:01:51", "end": "00:01:54", "text": "collaborating. We're coordinating. We've"}, {"start": "00:01:52", "end": "00:01:56", "text": "launched project crypto as a joint"}, {"start": "00:01:54", "end": "00:01:58", "text": "initiative between the agencies and"}, {"start": "00:01:56", "end": "00:02:00", "text": "that's intended to harmonize definitions"}, {"start": "00:01:58", "end": "00:02:02", "text": "for crypto. It's intended to harmonize"}, {"start": "00:02:00", "end": "00:02:04", "text": "our guidance, our interpretations and"}, {"start": "00:02:02", "end": "00:02:05", "text": "our regulatory philosophies and and"}, {"start": "00:02:04", "end": "00:02:08", "text": "that's really important. So you come in"}, {"start": "00:02:05", "end": "00:02:10", "text": "to the SEC as a builder and you might"}, {"start": "00:02:08", "end": "00:02:12", "text": "face uh one sets of rules and"}, {"start": "00:02:10", "end": "00:02:14", "text": "regulations and then a different at the"}, {"start": "00:02:12", "end": "00:02:16", "text": "at the CFTC in the past, but today we're"}, {"start": "00:02:14", "end": "00:02:18", "text": "working together to make sure it's"}, {"start": "00:02:16", "end": "00:02:20", "text": "consistent whichever framework you wind"}, {"start": "00:02:18", "end": "00:02:21", "text": "up in. Um, it's also important to note"}, {"start": "00:02:20", "end": "00:02:23", "text": "that we have a memorandum of"}, {"start": "00:02:21", "end": "00:02:25", "text": "understanding now between the agencies."}, {"start": "00:02:23", "end": "00:02:27", "text": "So, we're coordinating our staff's"}, {"start": "00:02:25", "end": "00:02:28", "text": "efforts and so you go and deal with one"}, {"start": "00:02:27", "end": "00:02:30", "text": "set of staff at an agency and they're"}, {"start": "00:02:28", "end": "00:02:32", "text": "also talking to the other agency to make"}, {"start": "00:02:30", "end": "00:02:33", "text": "sure things are consistent, that we're"}, {"start": "00:02:32", "end": "00:02:35", "text": "surveilling the markets that are"}, {"start": "00:02:33", "end": "00:02:37", "text": "becoming more and more interconnected"}, {"start": "00:02:35", "end": "00:02:38", "text": "with new technologies and products and"}, {"start": "00:02:37", "end": "00:02:40", "text": "all of that. So, uh, it's really"}, {"start": "00:02:38", "end": "00:02:41", "text": "important I think as a country to make"}, {"start": "00:02:40", "end": "00:02:43", "text": "sure that our agencies are working"}, {"start": "00:02:41", "end": "00:02:44", "text": "together, have the same guiding"}, {"start": "00:02:43", "end": "00:02:46", "text": "philosophies and are and are really"}, {"start": "00:02:44", "end": "00:02:47", "text": "ensuring that our markets are the best"}, {"start": "00:02:46", "end": "00:02:49", "text": "in the world. Now, what's interesting is"}, {"start": "00:02:47", "end": "00:02:51", "text": "you worked inside the SEC as part of a"}, {"start": "00:02:49", "end": "00:02:52", "text": "task force early in the Trump"}, {"start": "00:02:51", "end": "00:02:54", "text": "administration. You're now the CFTC"}, {"start": "00:02:52", "end": "00:02:55", "text": "chairman. And when I saw the memorandum"}, {"start": "00:02:54", "end": "00:02:56", "text": "of understanding, the first thing I"}, {"start": "00:02:55", "end": "00:02:58", "text": "thought is like, should these just be"}, {"start": "00:02:56", "end": "00:02:59", "text": "the same organization? Like, should you"}, {"start": "00:02:58", "end": "00:03:01", "text": "just put them together and have like a"}, {"start": "00:02:59", "end": "00:03:02", "text": "regulatory body or do you still think"}, {"start": "00:03:01", "end": "00:03:03", "text": "that there's a lot of value to having"}, {"start": "00:03:02", "end": "00:03:04", "text": "kind of two different groups that have"}, {"start": "00:03:03", "end": "00:03:06", "text": "different sets of rules and different"}, {"start": "00:03:04", "end": "00:03:07", "text": "parts of the market to regulate."}, {"start": "00:03:06", "end": "00:03:10", "text": ">> It's important to have both agencies."}, {"start": "00:03:07", "end": "00:03:11", "text": "So, the CFTC is a riskmanagement"}, {"start": "00:03:10", "end": "00:03:14", "text": "regulator. We regulate the derivatives"}, {"start": "00:03:11", "end": "00:03:15", "text": "markets, which to me are some of the"}, {"start": "00:03:14", "end": "00:03:17", "text": "most creative financial instruments in"}, {"start": "00:03:15", "end": "00:03:19", "text": "the world. you can have a derivative on"}, {"start": "00:03:17", "end": "00:03:21", "text": "just about anything and everything. Uh"}, {"start": "00:03:19", "end": "00:03:23", "text": "the SEC is very focused capital"}, {"start": "00:03:21", "end": "00:03:25", "text": "formation regulator. They regulate the"}, {"start": "00:03:23", "end": "00:03:27", "text": "public uh offerings of securities. They"}, {"start": "00:03:25", "end": "00:03:29", "text": "regulate those markets in the secondary"}, {"start": "00:03:27", "end": "00:03:30", "text": "and so uh having the defined roles is"}, {"start": "00:03:29", "end": "00:03:32", "text": "really important but we need to work"}, {"start": "00:03:30", "end": "00:03:34", "text": "together. We need to coordinate. I've"}, {"start": "00:03:32", "end": "00:03:36", "text": "learned a lot at both agencies and I"}, {"start": "00:03:34", "end": "00:03:38", "text": "think those learnings are are critical"}, {"start": "00:03:36", "end": "00:03:40", "text": "in ensuring that we lead as a country"}, {"start": "00:03:38", "end": "00:03:42", "text": "that we have rules that make sense at"}, {"start": "00:03:40", "end": "00:03:44", "text": "both agencies but very defined roles and"}, {"start": "00:03:42", "end": "00:03:46", "text": "I think it's important to keep them that"}, {"start": "00:03:44", "end": "00:03:47", "text": "way. Now, um there really seems to be a"}, {"start": "00:03:46", "end": "00:03:49", "text": "couple of technologies that are all"}, {"start": "00:03:47", "end": "00:03:50", "text": "distinct yet bleeding together. So, we"}, {"start": "00:03:49", "end": "00:03:52", "text": "have artificial intelligence, we have"}, {"start": "00:03:50", "end": "00:03:54", "text": "prediction markets, we have crypto, you"}, {"start": "00:03:52", "end": "00:03:56", "text": "know, all of this is is very exciting,"}, {"start": "00:03:54", "end": "00:03:58", "text": "but how do you look at these"}, {"start": "00:03:56", "end": "00:04:00", "text": "technologies? Do you try to fit them all"}, {"start": "00:03:58", "end": "00:04:01", "text": "into one set of rules or is there like a"}, {"start": "00:04:00", "end": "00:04:02", "text": "certain set of rules you guys look at"}, {"start": "00:04:01", "end": "00:04:03", "text": "when it comes to artificial"}, {"start": "00:04:02", "end": "00:04:05", "text": "intelligence, certain set for prediction"}, {"start": "00:04:03", "end": "00:04:06", "text": "market, certain set for crypto?"}, {"start": "00:04:05", "end": "00:04:08", "text": ">> I think these are some of the most"}, {"start": "00:04:06", "end": "00:04:09", "text": "transformative technologies that we've"}, {"start": "00:04:08", "end": "00:04:10", "text": "seen. They're they're really"}, {"start": "00:04:09", "end": "00:04:12", "text": "generational technologies. I'm excited"}, {"start": "00:04:10", "end": "00:04:14", "text": "to be at the forefront uh leading the"}, {"start": "00:04:12", "end": "00:04:16", "text": "safety to help develop rules for them"}, {"start": "00:04:14", "end": "00:04:18", "text": "and I don't think those rules should be"}, {"start": "00:04:16", "end": "00:04:20", "text": "uniform across all these technologies."}, {"start": "00:04:18", "end": "00:04:22", "text": "It's not one sizefits-all. We need"}, {"start": "00:04:20", "end": "00:04:24", "text": "purpose fit rules that make sense, but"}, {"start": "00:04:22", "end": "00:04:26", "text": "they also need to be merit neutral. We"}, {"start": "00:04:24", "end": "00:04:27", "text": "can't be saying, you know, AI is fine,"}, {"start": "00:04:26", "end": "00:04:29", "text": "but crypto is not. Our prediction"}, {"start": "00:04:27", "end": "00:04:30", "text": "markets don't make sense, but we like"}, {"start": "00:04:29", "end": "00:04:32", "text": "crypto. So, we're we're trying to take"}, {"start": "00:04:30", "end": "00:04:35", "text": "an approach of making sure that our"}, {"start": "00:04:32", "end": "00:04:37", "text": "rules are consistent, coherent,"}, {"start": "00:04:35", "end": "00:04:39", "text": "rational, but tailored to the"}, {"start": "00:04:37", "end": "00:04:40", "text": "technology. and and I do think that"}, {"start": "00:04:39", "end": "00:04:43", "text": "these technologies really are"}, {"start": "00:04:40", "end": "00:04:45", "text": "synergistic. So we've got blockchain"}, {"start": "00:04:43", "end": "00:04:47", "text": "rails that are a response to some of the"}, {"start": "00:04:45", "end": "00:04:50", "text": "debanking the operation choke point 2.0"}, {"start": "00:04:47", "end": "00:04:52", "text": "you know the tendency of government to"}, {"start": "00:04:50", "end": "00:04:54", "text": "take our assets you know we saw it with"}, {"start": "00:04:52", "end": "00:04:55", "text": "uh you know the gold in the early days"}, {"start": "00:04:54", "end": "00:04:57", "text": "right the government was able to"}, {"start": "00:04:55", "end": "00:04:59", "text": "confiscate that and so having the"}, {"start": "00:04:57", "end": "00:05:02", "text": "ability to self-custody your assets"}, {"start": "00:04:59", "end": "00:05:04", "text": "engage on chain freely censorship"}, {"start": "00:05:02", "end": "00:05:06", "text": "resistant blockchain rails are terrific"}, {"start": "00:05:04", "end": "00:05:08", "text": "prediction markets are a response to a"}, {"start": "00:05:06", "end": "00:05:10", "text": "lot of the gatekeepers in the media"}, {"start": "00:05:08", "end": "00:05:12", "text": "where they were putting out fake polls"}, {"start": "00:05:10", "end": "00:05:14", "text": "fake news reports you can check that"}, {"start": "00:05:12", "end": "00:05:17", "text": "with the ability to put assets at stake"}, {"start": "00:05:14", "end": "00:05:19", "text": "skin in the game and really uh take a"}, {"start": "00:05:17", "end": "00:05:22", "text": "position on a future outcome. And then"}, {"start": "00:05:19", "end": "00:05:23", "text": "AI and automation in our markets are"}, {"start": "00:05:22", "end": "00:05:25", "text": "really critical. I think agents are"}, {"start": "00:05:23", "end": "00:05:27", "text": "going to be some of the most uh"}, {"start": "00:05:25", "end": "00:05:30", "text": "effective traders in our markets, but"}, {"start": "00:05:27", "end": "00:05:33", "text": "also helping us uh be more productive as"}, {"start": "00:05:30", "end": "00:05:34", "text": "as everyday individuals and compute is a"}, {"start": "00:05:33", "end": "00:05:36", "text": "real new commodity that's that's uh"}, {"start": "00:05:34", "end": "00:05:36", "text": "really exciting to us at the CFDC as"}, {"start": "00:05:36", "end": "00:05:37", "text": "well."}, {"start": "00:05:36", "end": "00:05:38", "text": ">> I want to dig into each one of these"}, {"start": "00:05:37", "end": "00:05:39", "text": "technologies a little bit. So let's"}, {"start": "00:05:38", "end": "00:05:41", "text": "start maybe with prediction, Mark,"}, {"start": "00:05:39", "end": "00:05:42", "text": "because that one's been in the headlines"}, {"start": "00:05:41", "end": "00:05:44", "text": "quite a bit. Um I think your position"}, {"start": "00:05:42", "end": "00:05:45", "text": "and correct me if I'm wrong is hey this"}, {"start": "00:05:44", "end": "00:05:47", "text": "should be federally uh kind of regulated"}, {"start": "00:05:45", "end": "00:05:49", "text": "and there should be one set of rules"}, {"start": "00:05:47", "end": "00:05:50", "text": "across the country. Uh states obviously"}, {"start": "00:05:49", "end": "00:05:51", "text": "have a very different opinion. Some of"}, {"start": "00:05:50", "end": "00:05:53", "text": "them have gone after some of the"}, {"start": "00:05:51", "end": "00:05:55", "text": "prediction markets both the companies"}, {"start": "00:05:53", "end": "00:05:56", "text": "and the individuals which I think is a"}, {"start": "00:05:55", "end": "00:05:58", "text": "little concerning to people in the"}, {"start": "00:05:56", "end": "00:05:59", "text": "industry. Um but at the same time"}, {"start": "00:05:58", "end": "00:06:01", "text": "there's then the overlap of like sports"}, {"start": "00:05:59", "end": "00:06:02", "text": "gambling and what is a sports gambling"}, {"start": "00:06:01", "end": "00:06:04", "text": "versus prediction. Just maybe talk about"}, {"start": "00:06:02", "end": "00:06:06", "text": "like how are you viewing the market and"}, {"start": "00:06:04", "end": "00:06:08", "text": "kind of what would your desired outcome"}, {"start": "00:06:06", "end": "00:06:09", "text": "be here from a regulation standpoint?"}, {"start": "00:06:08", "end": "00:06:11", "text": "Derivatives are some of the most"}, {"start": "00:06:09", "end": "00:06:13", "text": "creative and interesting financial"}, {"start": "00:06:11", "end": "00:06:15", "text": "instruments that we have. They can be"}, {"start": "00:06:13", "end": "00:06:16", "text": "offered on virtually any type of"}, {"start": "00:06:15", "end": "00:06:18", "text": "underlying asset. Really, what you're"}, {"start": "00:06:16", "end": "00:06:20", "text": "doing is taking a position on a future"}, {"start": "00:06:18", "end": "00:06:23", "text": "outcome in an event or the price of an"}, {"start": "00:06:20", "end": "00:06:25", "text": "asset. That can be traditional assets"}, {"start": "00:06:23", "end": "00:06:28", "text": "like agricultural products, metals, all"}, {"start": "00:06:25", "end": "00:06:30", "text": "of that. Crypto now is a new asset"}, {"start": "00:06:28", "end": "00:06:32", "text": "class. Uh but also events like sports"}, {"start": "00:06:30", "end": "00:06:34", "text": "and politics and geopolitics. And so"}, {"start": "00:06:32", "end": "00:06:35", "text": "it's really important that we have the"}, {"start": "00:06:34", "end": "00:06:37", "text": "ability to manage risk but also"}, {"start": "00:06:35", "end": "00:06:39", "text": "speculate on these things. And the"}, {"start": "00:06:37", "end": "00:06:41", "text": "United States has always been the most"}, {"start": "00:06:39", "end": "00:06:43", "text": "free market country. You know, Ronald"}, {"start": "00:06:41", "end": "00:06:45", "text": "Reagan said if we lose freedom here,"}, {"start": "00:06:43", "end": "00:06:47", "text": "we've got no place else. And we need to"}, {"start": "00:06:45", "end": "00:06:48", "text": "protect our markets for that reason as"}, {"start": "00:06:47", "end": "00:06:51", "text": "well. Uh so having that innovation, I"}, {"start": "00:06:48", "end": "00:06:53", "text": "think it's great in our markets. And the"}, {"start": "00:06:51", "end": "00:06:55", "text": "Commodity Exchange Act, our authorizing"}, {"start": "00:06:53", "end": "00:06:57", "text": "statute, the CFTC set up a federal"}, {"start": "00:06:55", "end": "00:06:59", "text": "regulatory framework for derivatives for"}, {"start": "00:06:57", "end": "00:07:01", "text": "derivatives on all types of commodities."}, {"start": "00:06:59", "end": "00:07:02", "text": "And the definition of commodity includes"}, {"start": "00:07:01", "end": "00:07:04", "text": "all of these things because we don't"}, {"start": "00:07:02", "end": "00:07:05", "text": "want gaps in our regulatory framework."}, {"start": "00:07:04", "end": "00:07:08", "text": "doesn't matter if it's sports or"}, {"start": "00:07:05", "end": "00:07:10", "text": "politics or anything else. Um the prior"}, {"start": "00:07:08", "end": "00:07:12", "text": "administration really tried to hold up a"}, {"start": "00:07:10", "end": "00:07:14", "text": "lot of these interesting products and"}, {"start": "00:07:12", "end": "00:07:15", "text": "sports and politics and the court said"}, {"start": "00:07:14", "end": "00:07:18", "text": "that was arbitrary and capricious. It"}, {"start": "00:07:15", "end": "00:07:19", "text": "struck that down. And so now we've got"}, {"start": "00:07:18", "end": "00:07:21", "text": "the floodgates open with all these new"}, {"start": "00:07:19", "end": "00:07:23", "text": "products. Unfortunately, the prior"}, {"start": "00:07:21", "end": "00:07:24", "text": "administration was so busy suing"}, {"start": "00:07:23", "end": "00:07:26", "text": "everyone that they didn't put rules in"}, {"start": "00:07:24", "end": "00:07:28", "text": "place to regulate this stuff. And so"}, {"start": "00:07:26", "end": "00:07:29", "text": "we're moving quickly to get the right"}, {"start": "00:07:28", "end": "00:07:31", "text": "investor protections, customer"}, {"start": "00:07:29", "end": "00:07:33", "text": "protections, and guardrails around the"}, {"start": "00:07:31", "end": "00:07:34", "text": "products and the exchanges. and the"}, {"start": "00:07:33", "end": "00:07:36", "text": "exchanges have been great partners in"}, {"start": "00:07:34", "end": "00:07:38", "text": "that setting up their own insider"}, {"start": "00:07:36", "end": "00:07:40", "text": "trading programs and and so on and so"}, {"start": "00:07:38", "end": "00:07:41", "text": "forth. So, we expect these markets to"}, {"start": "00:07:40", "end": "00:07:43", "text": "flourish here in the US. We're going to"}, {"start": "00:07:41", "end": "00:07:45", "text": "take a free market approach and make"}, {"start": "00:07:43", "end": "00:07:46", "text": "sure that we're checking our news media"}, {"start": "00:07:45", "end": "00:07:48", "text": "and the fake polls and the hoaxes and"}, {"start": "00:07:46", "end": "00:07:50", "text": "all of that here in the United States."}, {"start": "00:07:48", "end": "00:07:51", "text": "When I look on the platforms, the"}, {"start": "00:07:50", "end": "00:07:53", "text": "various contracts that they provide,"}, {"start": "00:07:51", "end": "00:07:54", "text": "there are some that I think would fall"}, {"start": "00:07:53", "end": "00:07:57", "text": "more in like an economic or investor"}, {"start": "00:07:54", "end": "00:07:59", "text": "seat. So, maybe you can uh go and"}, {"start": "00:07:57", "end": "00:08:00", "text": "speculate on will Tesla beat its"}, {"start": "00:07:59", "end": "00:08:02", "text": "delivery number or not for cars, right?"}, {"start": "00:08:00", "end": "00:08:03", "text": "Right. And I think that it's taking a"}, {"start": "00:08:02", "end": "00:08:04", "text": "macro thing that people are already"}, {"start": "00:08:03", "end": "00:08:06", "text": "doing and it's boiling it down and"}, {"start": "00:08:04", "end": "00:08:07", "text": "trying to isolate a data point. Um I"}, {"start": "00:08:06", "end": "00:08:09", "text": "don't see a lot of people who are like,"}, {"start": "00:08:07", "end": "00:08:10", "text": "hey, there's an issue there. I think"}, {"start": "00:08:09", "end": "00:08:11", "text": "there may be questions as to will that"}, {"start": "00:08:10", "end": "00:08:14", "text": "become popular or not, but but I think"}, {"start": "00:08:11", "end": "00:08:15", "text": "people generally um understand that."}, {"start": "00:08:14", "end": "00:08:17", "text": "Then I see markets that are, you know,"}, {"start": "00:08:15", "end": "00:08:18", "text": "whether they're mentioned markets or"}, {"start": "00:08:17", "end": "00:08:21", "text": "betting on the color of a tie or the"}, {"start": "00:08:18", "end": "00:08:23", "text": "length of a conference uh meeting or"}, {"start": "00:08:21", "end": "00:08:24", "text": "something. And those I think are where"}, {"start": "00:08:23", "end": "00:08:26", "text": "people are like, hey, this feels more"}, {"start": "00:08:24", "end": "00:08:28", "text": "gambling than it does, you know, kind of"}, {"start": "00:08:26", "end": "00:08:30", "text": "financial investment. How do you all"}, {"start": "00:08:28", "end": "00:08:32", "text": "from as a regulator seat like do you"}, {"start": "00:08:30", "end": "00:08:33", "text": "start to try to determine what is"}, {"start": "00:08:32", "end": "00:08:35", "text": "inbounds and out- of-bounds or is it"}, {"start": "00:08:33", "end": "00:08:37", "text": "more so the contract is the contract"}, {"start": "00:08:35", "end": "00:08:38", "text": "structure we want to regulate that and"}, {"start": "00:08:37", "end": "00:08:39", "text": "then what people are actually"}, {"start": "00:08:38", "end": "00:08:41", "text": "speculating on within the contract"}, {"start": "00:08:39", "end": "00:08:42", "text": "structure is more for the individual"}, {"start": "00:08:41", "end": "00:08:43", "text": "companies to decide"}, {"start": "00:08:42", "end": "00:08:45", "text": ">> derivatives are derivatives so the"}, {"start": "00:08:43", "end": "00:08:47", "text": "underlying asset even if it is the silly"}, {"start": "00:08:45", "end": "00:08:49", "text": "stuff about the tie that Andrew Sorin"}, {"start": "00:08:47", "end": "00:08:51", "text": "gave me a hard time about as well um but"}, {"start": "00:08:49", "end": "00:08:53", "text": "but the reality is some of this stuff is"}, {"start": "00:08:51", "end": "00:08:56", "text": "readily susceptible to manipulation and"}, {"start": "00:08:53", "end": "00:08:58", "text": "the exchanges are the first line of"}, {"start": "00:08:56", "end": "00:09:00", "text": "defense they should not be listing"}, {"start": "00:08:58", "end": "00:09:02", "text": "contracts. Under our statute, it's"}, {"start": "00:09:00", "end": "00:09:04", "text": "prohibited to list contracts that are"}, {"start": "00:09:02", "end": "00:09:06", "text": "readily susceptible to manipulation. The"}, {"start": "00:09:04", "end": "00:09:08", "text": "exchanges review these contracts. They"}, {"start": "00:09:06", "end": "00:09:10", "text": "self-certify them. We have the ability"}, {"start": "00:09:08", "end": "00:09:12", "text": "to reject them. The issue has been, and"}, {"start": "00:09:10", "end": "00:09:14", "text": "I don't want to be the guy that"}, {"start": "00:09:12", "end": "00:09:16", "text": "regulates by enforcement. That was Gary"}, {"start": "00:09:14", "end": "00:09:19", "text": "Gendler. Um, what we want to do is put"}, {"start": "00:09:16", "end": "00:09:20", "text": "out clear guidelines and and guardrails"}, {"start": "00:09:19", "end": "00:09:22", "text": "around this stuff so that the exchanges"}, {"start": "00:09:20", "end": "00:09:24", "text": "can do their job. Um, unfortunately, the"}, {"start": "00:09:22", "end": "00:09:26", "text": "lawsuits and all of that really some of"}, {"start": "00:09:24", "end": "00:09:28", "text": "these things got lost in translation."}, {"start": "00:09:26", "end": "00:09:30", "text": "So, we're making sure that the exchanges"}, {"start": "00:09:28", "end": "00:09:32", "text": "understand their obligations. We put out"}, {"start": "00:09:30", "end": "00:09:34", "text": "guidance a few weeks ago that explains"}, {"start": "00:09:32", "end": "00:09:36", "text": "some of that. Certainly, there's"}, {"start": "00:09:34", "end": "00:09:37", "text": "differences of opinion and we want to"}, {"start": "00:09:36", "end": "00:09:39", "text": "work through that with the exchanges and"}, {"start": "00:09:37", "end": "00:09:42", "text": "with different stakeholders. We put out"}, {"start": "00:09:39", "end": "00:09:44", "text": "a request for comments on a a potential"}, {"start": "00:09:42", "end": "00:09:46", "text": "rule proposal in this space. So, we're"}, {"start": "00:09:44", "end": "00:09:47", "text": "evaluating those comments and making"}, {"start": "00:09:46", "end": "00:09:49", "text": "sure we get things right. But the bottom"}, {"start": "00:09:47", "end": "00:09:51", "text": "line is sure, there are contracts that"}, {"start": "00:09:49", "end": "00:09:52", "text": "are derivatives contracts that can be"}, {"start": "00:09:51", "end": "00:09:54", "text": "manipulated and maybe they shouldn't be"}, {"start": "00:09:52", "end": "00:09:56", "text": "in our markets then because the statute"}, {"start": "00:09:54", "end": "00:09:58", "text": "tells us they shouldn't be. um insider"}, {"start": "00:09:56", "end": "00:10:00", "text": "trading, all that's prohibited. I mean,"}, {"start": "00:09:58", "end": "00:10:01", "text": "a lot of the criticism you get and the"}, {"start": "00:10:00", "end": "00:10:04", "text": "concern is just a lack of education and"}, {"start": "00:10:01", "end": "00:10:05", "text": "we're making sure that we get the the"}, {"start": "00:10:04", "end": "00:10:07", "text": "right information out there, but"}, {"start": "00:10:05", "end": "00:10:09", "text": "certainly there's disagreements as to"}, {"start": "00:10:07", "end": "00:10:10", "text": "what's manipulable, what's not. We're"}, {"start": "00:10:09", "end": "00:10:11", "text": "working with the sports leagues. We're"}, {"start": "00:10:10", "end": "00:10:12", "text": "working with different stakeholders to"}, {"start": "00:10:11", "end": "00:10:14", "text": "get that right."}, {"start": "00:10:12", "end": "00:10:16", "text": ">> So, um I recently talked to one of the"}, {"start": "00:10:14", "end": "00:10:17", "text": "Robin Hood executives and he was talking"}, {"start": "00:10:16", "end": "00:10:19", "text": "about they don't list mention markets"}, {"start": "00:10:17", "end": "00:10:21", "text": "and I'm sure it's because of this kind"}, {"start": "00:10:19", "end": "00:10:23", "text": "of manipulation component. Uh if you"}, {"start": "00:10:21", "end": "00:10:24", "text": "then go and you say, \"Okay, well that is"}, {"start": "00:10:23", "end": "00:10:26", "text": "manipulation. Well, where does the"}, {"start": "00:10:24", "end": "00:10:28", "text": "insider trading, you know, kind of rules"}, {"start": "00:10:26", "end": "00:10:30", "text": "lie? And one of the things that I find"}, {"start": "00:10:28", "end": "00:10:32", "text": "interesting is if you go back to that"}, {"start": "00:10:30", "end": "00:10:33", "text": "Tesla example, you know, if you work at,"}, {"start": "00:10:32", "end": "00:10:36", "text": "let's say, the people providing the"}, {"start": "00:10:33", "end": "00:10:37", "text": "windshields and you see that, hey, every"}, {"start": "00:10:36", "end": "00:10:39", "text": "time we pump out a bunch more"}, {"start": "00:10:37", "end": "00:10:41", "text": "windshields, somehow Tesla's, you know,"}, {"start": "00:10:39", "end": "00:10:43", "text": "deliveries are higher. Uh, it's almost"}, {"start": "00:10:41", "end": "00:10:45", "text": "like indirect knowledge or I think there"}, {"start": "00:10:43", "end": "00:10:46", "text": "was this uh example recently of Jeff"}, {"start": "00:10:45", "end": "00:10:48", "text": "Bezos going to the Super Bowl, but he"}, {"start": "00:10:46", "end": "00:10:49", "text": "actually but people knew he wasn't and"}, {"start": "00:10:48", "end": "00:10:51", "text": "people were basically trading on a"}, {"start": "00:10:49", "end": "00:10:52", "text": "rumor."}, {"start": "00:10:51", "end": "00:10:54", "text": ">> You're the expert, right? have no clue"}, {"start": "00:10:52", "end": "00:10:56", "text": "what the rule should be or should not be"}, {"start": "00:10:54", "end": "00:10:57", "text": "and and frankly it gets I think kind of"}, {"start": "00:10:56", "end": "00:10:59", "text": "a slippery slope if you start trying to"}, {"start": "00:10:57", "end": "00:11:02", "text": "regulate rumors versus like concrete"}, {"start": "00:10:59", "end": "00:11:03", "text": "evidence and so is there like a general"}, {"start": "00:11:02", "end": "00:11:05", "text": "framework for people who are actually"}, {"start": "00:11:03", "end": "00:11:06", "text": "participating in these markets who"}, {"start": "00:11:05", "end": "00:11:08", "text": "frankly they may not have you know"}, {"start": "00:11:06", "end": "00:11:10", "text": "general counsels or compliance people"}, {"start": "00:11:08", "end": "00:11:11", "text": "etc they're obviously incentivized to"}, {"start": "00:11:10", "end": "00:11:13", "text": "make money how should they think about"}, {"start": "00:11:11", "end": "00:11:15", "text": "you know when they have inside"}, {"start": "00:11:13", "end": "00:11:17", "text": "information in these markets versus not"}, {"start": "00:11:15", "end": "00:11:20", "text": ">> the exchanges will be reviewing the"}, {"start": "00:11:17", "end": "00:11:22", "text": "contracts as I mentioned and and my aim"}, {"start": "00:11:20", "end": "00:11:24", "text": "for that review is to be consistent with"}, {"start": "00:11:22", "end": "00:11:25", "text": "the statute to make sure the exchanges"}, {"start": "00:11:24", "end": "00:11:27", "text": "understand their obligations. So when"}, {"start": "00:11:25", "end": "00:11:30", "text": "contracts get listed, they're kind of"}, {"start": "00:11:27", "end": "00:11:31", "text": "filtered through that initial process of"}, {"start": "00:11:30", "end": "00:11:33", "text": "are these things readily susceptible to"}, {"start": "00:11:31", "end": "00:11:35", "text": "manipulation? If they're listed, they"}, {"start": "00:11:33", "end": "00:11:37", "text": "shouldn't be. And and investors should"}, {"start": "00:11:35", "end": "00:11:38", "text": "be able to kind of appreciate that and"}, {"start": "00:11:37", "end": "00:11:40", "text": "and respect that they're buying"}, {"start": "00:11:38", "end": "00:11:42", "text": "something that's not going to be"}, {"start": "00:11:40", "end": "00:11:44", "text": "manipulable or easily manipulable"}, {"start": "00:11:42", "end": "00:11:46", "text": "rather. But of course, there's always a"}, {"start": "00:11:44", "end": "00:11:47", "text": "risk of insider trading manipulation"}, {"start": "00:11:46", "end": "00:11:49", "text": "even if something's not readily"}, {"start": "00:11:47", "end": "00:11:51", "text": "susceptible to it. And insider trading"}, {"start": "00:11:49", "end": "00:11:53", "text": "is a type of market manipulation or"}, {"start": "00:11:51", "end": "00:11:55", "text": "fraud um that's prohibited under our"}, {"start": "00:11:53", "end": "00:11:58", "text": "statute. But there's a range of of kind"}, {"start": "00:11:55", "end": "00:12:00", "text": "of insider information, right? Not all"}, {"start": "00:11:58", "end": "00:12:02", "text": "that's material non-public information"}, {"start": "00:12:00", "end": "00:12:04", "text": "that's been misappropriated that's"}, {"start": "00:12:02", "end": "00:12:07", "text": "prohibited in our markets. So somebody"}, {"start": "00:12:04", "end": "00:12:10", "text": "could obtain uh insider non-public"}, {"start": "00:12:07", "end": "00:12:12", "text": "information uh that that's just because"}, {"start": "00:12:10", "end": "00:12:15", "text": "they had access to, you know, uh a"}, {"start": "00:12:12", "end": "00:12:18", "text": "facility or saw something and hedging uh"}, {"start": "00:12:15", "end": "00:12:20", "text": "firms and and and uh hedge funds and and"}, {"start": "00:12:18", "end": "00:12:22", "text": "exchanges and uh other types of uh"}, {"start": "00:12:20", "end": "00:12:24", "text": "businesses are trading on that"}, {"start": "00:12:22", "end": "00:12:25", "text": "information on a regular basis, right?"}, {"start": "00:12:24", "end": "00:12:27", "text": "Because they, for example, might have"}, {"start": "00:12:25", "end": "00:12:29", "text": "cameras that see what's going on in the"}, {"start": "00:12:27", "end": "00:12:31", "text": "Walmart uh parking lot and that sort of"}, {"start": "00:12:29", "end": "00:12:32", "text": "thing. That's not the type of insider"}, {"start": "00:12:31", "end": "00:12:34", "text": "information that we're concerned about"}, {"start": "00:12:32", "end": "00:12:35", "text": "or I wouldn't call it necessarily"}, {"start": "00:12:34", "end": "00:12:37", "text": "insider information. It's just"}, {"start": "00:12:35", "end": "00:12:40", "text": "information, right? Um and our markets"}, {"start": "00:12:37", "end": "00:12:41", "text": "are efficient. So that gets priced in uh"}, {"start": "00:12:40", "end": "00:12:43", "text": "very quickly. But when you take"}, {"start": "00:12:41", "end": "00:12:45", "text": "information, you have a duty to for"}, {"start": "00:12:43", "end": "00:12:47", "text": "example your employer or your sports"}, {"start": "00:12:45", "end": "00:12:49", "text": "team or someone else and you"}, {"start": "00:12:47", "end": "00:12:52", "text": "misappropriate that and trade on it,"}, {"start": "00:12:49", "end": "00:12:53", "text": "that's illegal. Um a good example is,"}, {"start": "00:12:52", "end": "00:12:55", "text": "you know, the the trainer for an"}, {"start": "00:12:53", "end": "00:12:57", "text": "athlete. they know someone's got an"}, {"start": "00:12:55", "end": "00:12:59", "text": "injury on the team and and aren't going"}, {"start": "00:12:57", "end": "00:13:01", "text": "to play in in a game, so they go and"}, {"start": "00:12:59", "end": "00:13:03", "text": "trade on that. They have a duty to the"}, {"start": "00:13:01", "end": "00:13:05", "text": "team or or to their uh you know,"}, {"start": "00:13:03", "end": "00:13:08", "text": "hospital or whoever as a phys physician"}, {"start": "00:13:05", "end": "00:13:09", "text": "not to uh to trade on that. So, we're"}, {"start": "00:13:08", "end": "00:13:11", "text": "certainly monitoring for that. That's"}, {"start": "00:13:09", "end": "00:13:12", "text": "why we've partnered with the sports"}, {"start": "00:13:11", "end": "00:13:14", "text": "lease to make sure we have access to the"}, {"start": "00:13:12", "end": "00:13:16", "text": "right information and we communicate"}, {"start": "00:13:14", "end": "00:13:17", "text": "with them on a a regular basis. And then"}, {"start": "00:13:16", "end": "00:13:19", "text": "we're also making sure that the"}, {"start": "00:13:17", "end": "00:13:21", "text": "exchanges have those relationships and"}, {"start": "00:13:19", "end": "00:13:23", "text": "are uh excluding participants that that"}, {"start": "00:13:21", "end": "00:13:24", "text": "are uh likely to be able to trade on"}, {"start": "00:13:23", "end": "00:13:25", "text": "insider information."}, {"start": "00:13:24", "end": "00:13:27", "text": ">> If we now go from prediction markets,"}, {"start": "00:13:25", "end": "00:13:29", "text": "let's start bleeding over into crypto."}, {"start": "00:13:27", "end": "00:13:31", "text": "Obviously, somebody is going to launch a"}, {"start": "00:13:29", "end": "00:13:33", "text": "decentralized prediction market and they"}, {"start": "00:13:31", "end": "00:13:35", "text": "will claim, oh, we can't control it."}, {"start": "00:13:33", "end": "00:13:37", "text": "People are throwing this up, etc. Uh"}, {"start": "00:13:35", "end": "00:13:38", "text": "that was something that came out of the"}, {"start": "00:13:37", "end": "00:13:40", "text": "crypto world from an exchange"}, {"start": "00:13:38", "end": "00:13:41", "text": "perspective previously. How do you start"}, {"start": "00:13:40", "end": "00:13:43", "text": "to deal maybe not just with prediction"}, {"start": "00:13:41", "end": "00:13:45", "text": "markets, but decentralization in"}, {"start": "00:13:43", "end": "00:13:48", "text": "general, right? And if you overlay even"}, {"start": "00:13:45", "end": "00:13:50", "text": "maybe AI agents with decentralization,"}, {"start": "00:13:48", "end": "00:13:52", "text": "it does feel like maybe who you guys can"}, {"start": "00:13:50", "end": "00:13:54", "text": "go to for holding someone accountable"}, {"start": "00:13:52", "end": "00:13:56", "text": "becomes a little bit harder in a world"}, {"start": "00:13:54", "end": "00:13:56", "text": "where these technologies start to get"}, {"start": "00:13:56", "end": "00:13:58", "text": "introduced,"}, {"start": "00:13:56", "end": "00:14:00", "text": ">> right? And onchain certainly doesn't"}, {"start": "00:13:58", "end": "00:14:02", "text": "mean that regulations don't apply, but"}, {"start": "00:14:00", "end": "00:14:03", "text": "there's a range of things, right? You're"}, {"start": "00:14:02", "end": "00:14:05", "text": "looking at whether there's an"}, {"start": "00:14:03", "end": "00:14:08", "text": "intermediary, whether there's really"}, {"start": "00:14:05", "end": "00:14:10", "text": "someone who's an actor, centralized, um,"}, {"start": "00:14:08", "end": "00:14:12", "text": "and kind of the the person that would be"}, {"start": "00:14:10", "end": "00:14:14", "text": "regulated for the activity. But some of"}, {"start": "00:14:12", "end": "00:14:15", "text": "our laws and regulations actually apply"}, {"start": "00:14:14", "end": "00:14:17", "text": "regardless of whether there's an"}, {"start": "00:14:15", "end": "00:14:19", "text": "intermediary. So certain types of"}, {"start": "00:14:17", "end": "00:14:21", "text": "financial instruments like derivatives"}, {"start": "00:14:19", "end": "00:14:23", "text": "can't be offered for example to retail"}, {"start": "00:14:21", "end": "00:14:24", "text": "participants off of regulated exchange."}, {"start": "00:14:23", "end": "00:14:26", "text": "So just because something is on a"}, {"start": "00:14:24", "end": "00:14:28", "text": "blockchain doesn't mean it's you know uh"}, {"start": "00:14:26", "end": "00:14:31", "text": "safe and and not regul you know not"}, {"start": "00:14:28", "end": "00:14:32", "text": "subject to our regulation. Um but that"}, {"start": "00:14:31", "end": "00:14:34", "text": "said I think it's important to create a"}, {"start": "00:14:32", "end": "00:14:36", "text": "space for these technologies in our"}, {"start": "00:14:34", "end": "00:14:37", "text": "financial markets. And so we are"}, {"start": "00:14:36", "end": "00:14:40", "text": "evaluating things like innovation"}, {"start": "00:14:37", "end": "00:14:41", "text": "exemptions to allow for onchain markets"}, {"start": "00:14:40", "end": "00:14:44", "text": "to flourish here in the US even though"}, {"start": "00:14:41", "end": "00:14:45", "text": "some of our statutes really are focused"}, {"start": "00:14:44", "end": "00:14:48", "text": "on pushing that onto centralized"}, {"start": "00:14:45", "end": "00:14:50", "text": "gatekeepers and exchanges. Um but it's"}, {"start": "00:14:48", "end": "00:14:51", "text": "important to have the right investor"}, {"start": "00:14:50", "end": "00:14:53", "text": "protections have customer protections"}, {"start": "00:14:51", "end": "00:14:55", "text": "there. And so even if someone's able to"}, {"start": "00:14:53", "end": "00:14:57", "text": "take their assets and self-custody,"}, {"start": "00:14:55", "end": "00:15:00", "text": "perhaps we're regulating certain points"}, {"start": "00:14:57", "end": "00:15:02", "text": "of of the the flow of the transaction."}, {"start": "00:15:00", "end": "00:15:03", "text": "Today's episode is brought to you by"}, {"start": "00:15:02", "end": "00:15:05", "text": "Figure. We're living in a world of"}, {"start": "00:15:03", "end": "00:15:08", "text": "higher for longer rates, tighter credit,"}, {"start": "00:15:05", "end": "00:15:09", "text": "and fewer places to earn real yield."}, {"start": "00:15:08", "end": "00:15:11", "text": "That's why Figure is interesting. Figure"}, {"start": "00:15:09", "end": "00:15:13", "text": "is the largest non-bank mortgage lender"}, {"start": "00:15:11", "end": "00:15:14", "text": "in the United States with over $19"}, {"start": "00:15:13", "end": "00:15:16", "text": "billion unlocked on their lending"}, {"start": "00:15:14", "end": "00:15:18", "text": "platform. They're now applying the same"}, {"start": "00:15:16", "end": "00:15:20", "text": "institutional infrastructure to"}, {"start": "00:15:18", "end": "00:15:22", "text": "cryptoback loans and realworld asset"}, {"start": "00:15:20", "end": "00:15:25", "text": "yield. If you're holding crypto, Figure"}, {"start": "00:15:22", "end": "00:15:27", "text": "let you borrow against it at 8.91%"}, {"start": "00:15:25", "end": "00:15:29", "text": "interest with 50% loan to value. It"}, {"start": "00:15:27", "end": "00:15:31", "text": "gives you liquidity without selling,"}, {"start": "00:15:29", "end": "00:15:33", "text": "without triggering taxes, and without"}, {"start": "00:15:31", "end": "00:15:35", "text": "stepping out of the market. On the risk"}, {"start": "00:15:33", "end": "00:15:37", "text": "side, they use decentralized MPC"}, {"start": "00:15:35", "end": "00:15:39", "text": "custody, so assets stay in segregated"}, {"start": "00:15:37", "end": "00:15:41", "text": "wallets. And they've introduced"}, {"start": "00:15:39", "end": "00:15:43", "text": "liquidation protection to help manage"}, {"start": "00:15:41", "end": "00:15:45", "text": "downside volatility. And for investors"}, {"start": "00:15:43", "end": "00:15:48", "text": "looking for yield, Democratized Prime"}, {"start": "00:15:45", "end": "00:15:50", "text": "offers up to 8.5% APY, paid hourly, and"}, {"start": "00:15:48", "end": "00:15:52", "text": "backed by real world private credit."}, {"start": "00:15:50", "end": "00:15:54", "text": "Real cash flows, not speculative token"}, {"start": "00:15:52", "end": "00:15:56", "text": "emissions. In a market where capital"}, {"start": "00:15:54", "end": "00:15:58", "text": "efficiency matters more than ever,"}, {"start": "00:15:56", "end": "00:15:59", "text": "Figure gives you real options. Check"}, {"start": "00:15:58", "end": "00:16:03", "text": "them out using the link in the"}, {"start": "00:15:59", "end": "00:16:07", "text": "description or go to figurearkets.co/p."}, {"start": "00:16:03", "end": "00:16:07", "text": "Again, that's figurearkets.co/pom."}, {"start": "00:16:09", "end": "00:16:12", "text": "Today's episode is brought to you by"}, {"start": "00:16:10", "end": "00:16:14", "text": "Arch Public. I absolutely love these"}, {"start": "00:16:12", "end": "00:16:16", "text": "guys. Arch is an agentic trading"}, {"start": "00:16:14", "end": "00:16:17", "text": "platform that automates the buying and"}, {"start": "00:16:16", "end": "00:16:19", "text": "selling of your preferred crypto"}, {"start": "00:16:17", "end": "00:16:21", "text": "strategies using sophisticated"}, {"start": "00:16:19", "end": "00:16:23", "text": "algorithms like the intelligence,"}, {"start": "00:16:21", "end": "00:16:25", "text": "arbitrage, and oracle protocols. Arch"}, {"start": "00:16:23", "end": "00:16:27", "text": "Public executes advanced automated"}, {"start": "00:16:25", "end": "00:16:29", "text": "crypto strategy fully customized to your"}, {"start": "00:16:27", "end": "00:16:31", "text": "goals. Is your aim to accumulate Bitcoin"}, {"start": "00:16:29", "end": "00:16:33", "text": "during market dips, generate profits"}, {"start": "00:16:31", "end": "00:16:36", "text": "from Ethereum volatility, or sell Salana"}, {"start": "00:16:33", "end": "00:16:38", "text": "or XRP in layers as it reclaims all-time"}, {"start": "00:16:36", "end": "00:16:40", "text": "highs? If so, Arch Public is built for"}, {"start": "00:16:38", "end": "00:16:43", "text": "you. Are you worried about doing it"}, {"start": "00:16:40", "end": "00:16:45", "text": "alone? No problem. Arch Public provides"}, {"start": "00:16:43", "end": "00:16:48", "text": "everyone, yes, everyone, with hands-on"}, {"start": "00:16:45", "end": "00:16:50", "text": "dedicated support from their concierge"}, {"start": "00:16:48", "end": "00:16:52", "text": "team to help implement the strategy that"}, {"start": "00:16:50", "end": "00:16:53", "text": "you choose. As a preferred trading"}, {"start": "00:16:52", "end": "00:16:56", "text": "partner of Coinbase, Kraken, Robin Hood,"}, {"start": "00:16:53", "end": "00:16:58", "text": "and Gemini, Arch Public offers a proven"}, {"start": "00:16:56", "end": "00:17:00", "text": "track record of security and performance"}, {"start": "00:16:58", "end": "00:17:02", "text": "so that you can trade with confidence."}, {"start": "00:17:00", "end": "00:17:04", "text": "Sign up today at archpub.com and start"}, {"start": "00:17:02", "end": "00:17:07", "text": "your automated trading strategy for"}, {"start": "00:17:04", "end": "00:17:09", "text": "free. No catch, no hidden fees, just"}, {"start": "00:17:07", "end": "00:17:12", "text": "smarter trading. Your crypto, your"}, {"start": "00:17:09", "end": "00:17:15", "text": "exchange, your profits. Archpublic. Go"}, {"start": "00:17:12", "end": "00:17:18", "text": "to archpub.com and tell them I sent you."}, {"start": "00:17:15", "end": "00:17:20", "text": "Now um artificial intelligence agents"}, {"start": "00:17:18", "end": "00:17:21", "text": "are obviously going to become very big"}, {"start": "00:17:20", "end": "00:17:23", "text": "and some people are using things"}, {"start": "00:17:21", "end": "00:17:25", "text": "internally to automate their you know"}, {"start": "00:17:23", "end": "00:17:27", "text": "operations or or their actions whatever"}, {"start": "00:17:25", "end": "00:17:29", "text": "um but you mentioned the AI bots may"}, {"start": "00:17:27", "end": "00:17:31", "text": "become some of the best traders in the"}, {"start": "00:17:29", "end": "00:17:32", "text": "market and so I think there's a"}, {"start": "00:17:31", "end": "00:17:33", "text": "difference between automation and"}, {"start": "00:17:32", "end": "00:17:35", "text": "autonomous"}, {"start": "00:17:33", "end": "00:17:36", "text": ">> when it is just pure automation"}, {"start": "00:17:35", "end": "00:17:38", "text": "obviously it's very clear who set those"}, {"start": "00:17:36", "end": "00:17:40", "text": "rules parameters you know put the the"}, {"start": "00:17:38", "end": "00:17:42", "text": "agent kind of in business um when it's"}, {"start": "00:17:40", "end": "00:17:44", "text": "autonomous"}, {"start": "00:17:42", "end": "00:17:45", "text": "do you hold the person who like gets the"}, {"start": "00:17:44", "end": "00:17:48", "text": "economic benefit"}, {"start": "00:17:45", "end": "00:17:50", "text": "Can you not regulate the AI agent? Is it"}, {"start": "00:17:48", "end": "00:17:51", "text": "like the model provide? You know, it"}, {"start": "00:17:50", "end": "00:17:52", "text": "it's gets super complicated very quick"}, {"start": "00:17:51", "end": "00:17:54", "text": "and I don't expect you to have all the"}, {"start": "00:17:52", "end": "00:17:56", "text": "answers, but like how are you guys just"}, {"start": "00:17:54", "end": "00:17:58", "text": "at least thinking about this right now?"}, {"start": "00:17:56", "end": "00:18:00", "text": ">> Well, it's such groundbreaking"}, {"start": "00:17:58", "end": "00:18:01", "text": "technology that we really have to make"}, {"start": "00:18:00", "end": "00:18:03", "text": "sure we get it right. Um I I I'm"}, {"start": "00:18:01", "end": "00:18:05", "text": "concerned that we overregulate and"}, {"start": "00:18:03", "end": "00:18:07", "text": "strangle some of the technology here in"}, {"start": "00:18:05", "end": "00:18:09", "text": "the United States. And so I'm taking a"}, {"start": "00:18:07", "end": "00:18:11", "text": "very much uh minimum effective dose of"}, {"start": "00:18:09", "end": "00:18:13", "text": "regulation approach where we're looking"}, {"start": "00:18:11", "end": "00:18:14", "text": "at what's happening um in terms of the"}, {"start": "00:18:13", "end": "00:18:16", "text": "models and and how they're being"}, {"start": "00:18:14", "end": "00:18:19", "text": "deployed and used and making sure that"}, {"start": "00:18:16", "end": "00:18:21", "text": "we're regulating the actors, the persons"}, {"start": "00:18:19", "end": "00:18:22", "text": "that are um engaging in the regulated"}, {"start": "00:18:21", "end": "00:18:24", "text": "activity and not just software"}, {"start": "00:18:22", "end": "00:18:26", "text": "developers, right? The software"}, {"start": "00:18:24", "end": "00:18:27", "text": "developers are the ones kind of building"}, {"start": "00:18:26", "end": "00:18:29", "text": "the tools, but they're not actually"}, {"start": "00:18:27", "end": "00:18:31", "text": "engaging in the financial transactions"}, {"start": "00:18:29", "end": "00:18:34", "text": "or using it to to kind of engage in"}, {"start": "00:18:31", "end": "00:18:36", "text": "regulated activity. Um there was a great"}, {"start": "00:18:34", "end": "00:18:38", "text": "court case that dealt with um actually"}, {"start": "00:18:36", "end": "00:18:41", "text": "Uniswap, the the decentralized uh"}, {"start": "00:18:38", "end": "00:18:42", "text": "exchange protocol, talking about how,"}, {"start": "00:18:41", "end": "00:18:45", "text": "you know, you don't go after Tesla for"}, {"start": "00:18:42", "end": "00:18:46", "text": "the self-driving car that is used to rob"}, {"start": "00:18:45", "end": "00:18:48", "text": "a bank, right? You're going after the"}, {"start": "00:18:46", "end": "00:18:50", "text": "bank robbers. And so we're certainly"}, {"start": "00:18:48", "end": "00:18:52", "text": "looking to make sure we're regulating"}, {"start": "00:18:50", "end": "00:18:55", "text": "the the traders, the persons that are"}, {"start": "00:18:52", "end": "00:18:57", "text": "using them. For example, if you use a um"}, {"start": "00:18:55", "end": "00:18:59", "text": "a software tool to help you engage in in"}, {"start": "00:18:57", "end": "00:19:00", "text": "trading activity, the trading activity"}, {"start": "00:18:59", "end": "00:19:02", "text": "is still regulated, but you're using a"}, {"start": "00:19:00", "end": "00:19:04", "text": "tool just like you're using your your"}, {"start": "00:19:02", "end": "00:19:05", "text": "personal device or your computer, right?"}, {"start": "00:19:04", "end": "00:19:08", "text": "So, so we're trying to get that"}, {"start": "00:19:05", "end": "00:19:10", "text": "regulation right. And there are a lot of"}, {"start": "00:19:08", "end": "00:19:12", "text": "considerations as we're doing it. But"}, {"start": "00:19:10", "end": "00:19:14", "text": "one area that I find fascinating is"}, {"start": "00:19:12", "end": "00:19:16", "text": "these kind of autonomous agents that are"}, {"start": "00:19:14", "end": "00:19:18", "text": "engaging in their own trading activity"}, {"start": "00:19:16", "end": "00:19:20", "text": "um potentially for their own kind of"}, {"start": "00:19:18", "end": "00:19:22", "text": "benefit. So you could put a bunch of"}, {"start": "00:19:20", "end": "00:19:24", "text": "funds in a smart contract and let the"}, {"start": "00:19:22", "end": "00:19:26", "text": "smart contract kind of run on its own"}, {"start": "00:19:24", "end": "00:19:29", "text": "and that might actually uh be attached"}, {"start": "00:19:26", "end": "00:19:31", "text": "to a you know a very sophisticated AI"}, {"start": "00:19:29", "end": "00:19:34", "text": "and it's able to make better predictions"}, {"start": "00:19:31", "end": "00:19:36", "text": "on outcomes than anybody else and that's"}, {"start": "00:19:34", "end": "00:19:37", "text": "going to help us generate better data."}, {"start": "00:19:36", "end": "00:19:38", "text": "Um, and so I think we're going to see a"}, {"start": "00:19:37", "end": "00:19:40", "text": "lot of competition between these"}, {"start": "00:19:38", "end": "00:19:42", "text": "different AI models in on the financial"}, {"start": "00:19:40", "end": "00:19:44", "text": "scale in the prediction markets in other"}, {"start": "00:19:42", "end": "00:19:46", "text": "areas. And that's where I think you see"}, {"start": "00:19:44", "end": "00:19:48", "text": "the marriage of blockchain prediction"}, {"start": "00:19:46", "end": "00:19:50", "text": "markets and AI. And it's really a"}, {"start": "00:19:48", "end": "00:19:51", "text": "fascinating uh place to be for a"}, {"start": "00:19:50", "end": "00:19:53", "text": "regulator."}, {"start": "00:19:51", "end": "00:19:54", "text": ">> It does become even more interesting. I"}, {"start": "00:19:53", "end": "00:19:56", "text": "think it's one thing if I like create an"}, {"start": "00:19:54", "end": "00:19:57", "text": "AI agent, even if it's autonomous, and I"}, {"start": "00:19:56", "end": "00:19:58", "text": "say, you know, here's some money. Go"}, {"start": "00:19:57", "end": "00:20:01", "text": "make me money, right? It's very clear"}, {"start": "00:19:58", "end": "00:20:03", "text": "like it's for my economic benefit. Um I"}, {"start": "00:20:01", "end": "00:20:05", "text": "think that now there's a lot of talk of"}, {"start": "00:20:03", "end": "00:20:07", "text": "well what if like the AI agent spins up"}, {"start": "00:20:05", "end": "00:20:09", "text": "its own like sub agents who then have a"}, {"start": "00:20:07", "end": "00:20:11", "text": "wallet who then are like making money"}, {"start": "00:20:09", "end": "00:20:13", "text": "for itself as an a like I mean you can"}, {"start": "00:20:11", "end": "00:20:17", "text": "get very meta in this you know quickly"}, {"start": "00:20:13", "end": "00:20:18", "text": "um but it does feel like maybe there is"}, {"start": "00:20:17", "end": "00:20:20", "text": "you know there's robo advising there's"}, {"start": "00:20:18", "end": "00:20:21", "text": "high frequency trading like there are"}, {"start": "00:20:20", "end": "00:20:25", "text": "some components that you guys can put"}, {"start": "00:20:21", "end": "00:20:27", "text": "here um and it also I think depends on"}, {"start": "00:20:25", "end": "00:20:29", "text": "if it's institutional investors who kind"}, {"start": "00:20:27", "end": "00:20:30", "text": "of have certain guardrails compliance"}, {"start": "00:20:29", "end": "00:20:32", "text": "you know they're they're holding their"}, {"start": "00:20:30", "end": "00:20:33", "text": "data, all that versus like the retail,"}, {"start": "00:20:32", "end": "00:20:35", "text": "you know, quotequote in the mom's"}, {"start": "00:20:33", "end": "00:20:37", "text": "basement who like spins this stuff up"}, {"start": "00:20:35", "end": "00:20:38", "text": "and is a little bit more like wild west."}, {"start": "00:20:37", "end": "00:20:40", "text": "Um, I don't know. I don't envy you"}, {"start": "00:20:38", "end": "00:20:41", "text": "trying to figure this stuff out."}, {"start": "00:20:40", "end": "00:20:44", "text": ">> Yeah. And if you think about it, for"}, {"start": "00:20:41", "end": "00:20:46", "text": "example, you know, you're an exchange uh"}, {"start": "00:20:44", "end": "00:20:48", "text": "that's regulated by us. Do you allow"}, {"start": "00:20:46", "end": "00:20:49", "text": "some of these AIs to participate? So"}, {"start": "00:20:48", "end": "00:20:51", "text": "maybe that's like the first line of"}, {"start": "00:20:49", "end": "00:20:52", "text": "defense I think I'm hearing is like the"}, {"start": "00:20:51", "end": "00:20:54", "text": "the exchanges whether prediction markets"}, {"start": "00:20:52", "end": "00:20:55", "text": "other places like really that's where"}, {"start": "00:20:54", "end": "00:20:58", "text": "you guys think that you can kind of put"}, {"start": "00:20:55", "end": "00:21:00", "text": "some rules to the road and uh limit what"}, {"start": "00:20:58", "end": "00:21:00", "text": "people can do so they stay within the"}, {"start": "00:21:00", "end": "00:21:01", "text": "rules"}, {"start": "00:21:00", "end": "00:21:03", "text": ">> right and who are we protecting"}, {"start": "00:21:01", "end": "00:21:05", "text": "regulating the software itself we we"}, {"start": "00:21:03", "end": "00:21:09", "text": "regulate intermediaries um in our"}, {"start": "00:21:05", "end": "00:21:11", "text": "markets and and regist"}, {"start": "00:21:09", "end": "00:21:14", "text": "mandate as a regulator and not creep"}, {"start": "00:21:11", "end": "00:21:16", "text": "into software or into you know other"}, {"start": "00:21:14", "end": "00:21:18", "text": "asset classes that are beyond our scope"}, {"start": "00:21:16", "end": "00:21:19", "text": "but uh we're certainly thinking about"}, {"start": "00:21:18", "end": "00:21:21", "text": "all of that uh as we're approaching our"}, {"start": "00:21:19", "end": "00:21:23", "text": "regulation of for example trading"}, {"start": "00:21:21", "end": "00:21:25", "text": "advisors are they using AI well we"}, {"start": "00:21:23", "end": "00:21:27", "text": "regulate the advisor so we're we can"}, {"start": "00:21:25", "end": "00:21:29", "text": "regulate their use of the AI but to the"}, {"start": "00:21:27", "end": "00:21:31", "text": "extent the AI is just operating in the"}, {"start": "00:21:29", "end": "00:21:32", "text": "ether we don't necessarily regulate that"}, {"start": "00:21:31", "end": "00:21:33", "text": ">> since we're making a habit of talking"}, {"start": "00:21:32", "end": "00:21:34", "text": "about all the hardest problems you"}, {"start": "00:21:33", "end": "00:21:37", "text": "probably are thinking through on a"}, {"start": "00:21:34", "end": "00:21:39", "text": "day-to-day basis um image generation is"}, {"start": "00:21:37", "end": "00:21:43", "text": "another one that I think is is very uh"}, {"start": "00:21:39", "end": "00:21:46", "text": "weird and unusual so we have seen the"}, {"start": "00:21:43", "end": "00:21:47", "text": "use of memes in the public stock market"}, {"start": "00:21:46", "end": "00:21:48", "text": "not to manipulate the market, but"}, {"start": "00:21:47", "end": "00:21:50", "text": "obviously Roaring Kitty, you know, with"}, {"start": "00:21:48", "end": "00:21:52", "text": "kind of the lean forward meme, things"}, {"start": "00:21:50", "end": "00:21:54", "text": "like that. Um, I think that the world's"}, {"start": "00:21:52", "end": "00:21:56", "text": "richest man one time said he'd rather be"}, {"start": "00:21:54", "end": "00:21:58", "text": "a meme dealer than he would be a"}, {"start": "00:21:56", "end": "00:22:00", "text": "billionaire. Easy to say when you're a"}, {"start": "00:21:58", "end": "00:22:04", "text": "billionaire. Um, but now if you can"}, {"start": "00:22:00", "end": "00:22:06", "text": "easily create images that are not true,"}, {"start": "00:22:04", "end": "00:22:10", "text": "right? Or they're, you know, some sort"}, {"start": "00:22:06", "end": "00:22:12", "text": "of uh uh kind of concocted image"}, {"start": "00:22:10", "end": "00:22:14", "text": "that feels again like is it malicious?"}, {"start": "00:22:12", "end": "00:22:16", "text": "Is it not? like how much of it is like"}, {"start": "00:22:14", "end": "00:22:18", "text": "intent versus do you have to at some"}, {"start": "00:22:16", "end": "00:22:21", "text": "point just say like hey you cannot use"}, {"start": "00:22:18", "end": "00:22:22", "text": "AI you know generated images if you're"}, {"start": "00:22:21", "end": "00:22:24", "text": "an investor or if you're you know"}, {"start": "00:22:22", "end": "00:22:25", "text": "participating in the market like how how"}, {"start": "00:22:24", "end": "00:22:27", "text": "do you regulate that stuff?"}, {"start": "00:22:25", "end": "00:22:29", "text": ">> Well I think the the private markets"}, {"start": "00:22:27", "end": "00:22:31", "text": "have solutions here blockchain"}, {"start": "00:22:29", "end": "00:22:32", "text": "technology is a great one right if you"}, {"start": "00:22:31", "end": "00:22:35", "text": "can timestamp things and make sure"}, {"start": "00:22:32", "end": "00:22:37", "text": "there's an identifier for each meme or"}, {"start": "00:22:35", "end": "00:22:39", "text": "artificial intelligence generated post"}, {"start": "00:22:37", "end": "00:22:42", "text": "you can verify if it's real or if it's"}, {"start": "00:22:39", "end": "00:22:43", "text": "generated by AI etc. Um, and so I think"}, {"start": "00:22:42", "end": "00:22:46", "text": "that's really important. Having these"}, {"start": "00:22:43", "end": "00:22:48", "text": "technologies here in the US is critical."}, {"start": "00:22:46", "end": "00:22:51", "text": "A lot of the stuff about this stuff"}, {"start": "00:22:48", "end": "00:22:53", "text": "being all hot air and uh, you know, ICOs"}, {"start": "00:22:51", "end": "00:22:54", "text": "and scams and this and that, it's"}, {"start": "00:22:53", "end": "00:22:57", "text": "completely false. And that's why as"}, {"start": "00:22:54", "end": "00:22:58", "text": "regulators, we're working to make sure"}, {"start": "00:22:57", "end": "00:23:00", "text": "that the United States is the crypto"}, {"start": "00:22:58", "end": "00:23:02", "text": "capital of the world. And I think it is"}, {"start": "00:23:00", "end": "00:23:04", "text": "today. But, um, the technology is really"}, {"start": "00:23:02", "end": "00:23:05", "text": "important here in the US. You can't have"}, {"start": "00:23:04", "end": "00:23:07", "text": "AI without blockchain. I think"}, {"start": "00:23:05", "end": "00:23:09", "text": "blockchain is a key check on that. One"}, {"start": "00:23:07", "end": "00:23:11", "text": "thing that um I always find fascinating"}, {"start": "00:23:09", "end": "00:23:12", "text": "as I've met more people kind of in these"}, {"start": "00:23:11", "end": "00:23:15", "text": "different regulatory posts I always like"}, {"start": "00:23:12", "end": "00:23:17", "text": "to ask like these technologies it's very"}, {"start": "00:23:15", "end": "00:23:18", "text": "hard to regulate them if you don't use"}, {"start": "00:23:17", "end": "00:23:20", "text": "them yourself but there's obviously"}, {"start": "00:23:18", "end": "00:23:21", "text": "limitations in your role and so like I"}, {"start": "00:23:20", "end": "00:23:23", "text": "don't know what you've been able to"}, {"start": "00:23:21", "end": "00:23:25", "text": "disclose in terms of like do you own"}, {"start": "00:23:23", "end": "00:23:27", "text": "crypto do you not do you use the"}, {"start": "00:23:25", "end": "00:23:28", "text": "prediction markets can do you get like a"}, {"start": "00:23:27", "end": "00:23:30", "text": "demo account and they're like hey yeah"}, {"start": "00:23:28", "end": "00:23:31", "text": "we actually want you to try to use this"}, {"start": "00:23:30", "end": "00:23:32", "text": "stuff just talk maybe about the"}, {"start": "00:23:31", "end": "00:23:35", "text": "different technologies and like how you"}, {"start": "00:23:32", "end": "00:23:37", "text": "think about you know using them but also"}, {"start": "00:23:35", "end": "00:23:38", "text": "the the fiduciary duties and um you know"}, {"start": "00:23:37", "end": "00:23:40", "text": "disclosures you have to make."}, {"start": "00:23:38", "end": "00:23:41", "text": ">> Well, I'm one of the rare few that got"}, {"start": "00:23:40", "end": "00:23:43", "text": "to use it before going into government."}, {"start": "00:23:41", "end": "00:23:46", "text": "So, I I fell down the Bitcoin rabbit"}, {"start": "00:23:43", "end": "00:23:49", "text": "hole back in 2011 and got to really test"}, {"start": "00:23:46", "end": "00:23:52", "text": "the technology. Um but today, of course,"}, {"start": "00:23:49", "end": "00:23:54", "text": "I've devested. We cannot hold uh digital"}, {"start": "00:23:52", "end": "00:23:56", "text": "assets uh especially if we're regulating"}, {"start": "00:23:54", "end": "00:23:58", "text": "it. So, there are some exceptions for uh"}, {"start": "00:23:56", "end": "00:24:00", "text": "certain people, but we're we're bound by"}, {"start": "00:23:58", "end": "00:24:02", "text": "very strict ethics requirements. So I"}, {"start": "00:24:00", "end": "00:24:05", "text": "don't own any of the assets today, but"}, {"start": "00:24:02", "end": "00:24:07", "text": "of course our staff unfortunately have"}, {"start": "00:24:05", "end": "00:24:09", "text": "similarly not been able to participate"}, {"start": "00:24:07", "end": "00:24:11", "text": "in these markets. But we've been working"}, {"start": "00:24:09", "end": "00:24:13", "text": "to get demos in place and make sure they"}, {"start": "00:24:11", "end": "00:24:15", "text": "understand it. But I do think that that"}, {"start": "00:24:13", "end": "00:24:17", "text": "has been a big disservice to the"}, {"start": "00:24:15", "end": "00:24:18", "text": "American people that the regulators,"}, {"start": "00:24:17", "end": "00:24:20", "text": "especially under the last"}, {"start": "00:24:18", "end": "00:24:22", "text": "administration, who never got to use"}, {"start": "00:24:20", "end": "00:24:24", "text": "this stuff, were trying to to kill it"}, {"start": "00:24:22", "end": "00:24:26", "text": "here in the United States. So creating a"}, {"start": "00:24:24", "end": "00:24:28", "text": "framework where at least regulators can"}, {"start": "00:24:26", "end": "00:24:30", "text": "experiment with it. Maybe use stable"}, {"start": "00:24:28", "end": "00:24:33", "text": "coins, things like that is very"}, {"start": "00:24:30", "end": "00:24:35", "text": "important. It's silly you can't hold a"}, {"start": "00:24:33", "end": "00:24:37", "text": "cryptokitty or you know chrommy squiggle"}, {"start": "00:24:35", "end": "00:24:40", "text": "or an NFT or that sort of thing because"}, {"start": "00:24:37", "end": "00:24:42", "text": "they view them as as financial assets."}, {"start": "00:24:40", "end": "00:24:43", "text": "Um you know I think that's something"}, {"start": "00:24:42", "end": "00:24:45", "text": "that we should change in the country."}, {"start": "00:24:43", "end": "00:24:48", "text": ">> I just won the mention market of you"}, {"start": "00:24:45", "end": "00:24:49", "text": "saying CryptoKitty but no I'm playing."}, {"start": "00:24:48", "end": "00:24:51", "text": "Um but I do think it could even be like"}, {"start": "00:24:49", "end": "00:24:52", "text": "a dimminimous amount, right? If you go"}, {"start": "00:24:51", "end": "00:24:54", "text": "on the prediction market, I don't think"}, {"start": "00:24:52", "end": "00:24:55", "text": "anyone's got a problem with $100. I"}, {"start": "00:24:54", "end": "00:24:56", "text": "think it's different when, you know,"}, {"start": "00:24:55", "end": "00:24:58", "text": "they see politicians or something going"}, {"start": "00:24:56", "end": "00:24:59", "text": "and making millions and millions of"}, {"start": "00:24:58", "end": "00:25:00", "text": "dollars, right, than than obviously a"}, {"start": "00:24:59", "end": "00:25:01", "text": "little bit different severity"}, {"start": "00:25:00", "end": "00:25:03", "text": "standpoint. Um, you guys have an"}, {"start": "00:25:01", "end": "00:25:04", "text": "innovation task force that you recently"}, {"start": "00:25:03", "end": "00:25:06", "text": "announced. Talk about what this is and"}, {"start": "00:25:04", "end": "00:25:09", "text": "kind of what your goal with it is. Well,"}, {"start": "00:25:06", "end": "00:25:11", "text": "I was lucky to get to serve at the SEC"}, {"start": "00:25:09", "end": "00:25:13", "text": "on the the SEC's crypto task force"}, {"start": "00:25:11", "end": "00:25:15", "text": "together with Commissioner Pur who who"}, {"start": "00:25:13", "end": "00:25:17", "text": "led up the task force. And I found it to"}, {"start": "00:25:15", "end": "00:25:20", "text": "be just an incredible experience and and"}, {"start": "00:25:17", "end": "00:25:22", "text": "a great uh initiative within the SEC"}, {"start": "00:25:20", "end": "00:25:24", "text": "because you had so many of these"}, {"start": "00:25:22", "end": "00:25:26", "text": "technologists, uh builders, creators, as"}, {"start": "00:25:24", "end": "00:25:27", "text": "well as the larger financial"}, {"start": "00:25:26", "end": "00:25:29", "text": "institutions who for so many years had"}, {"start": "00:25:27", "end": "00:25:31", "text": "no place to go. They they'd come in and"}, {"start": "00:25:29", "end": "00:25:33", "text": "try to get a meeting with Mr. Gendler"}, {"start": "00:25:31", "end": "00:25:35", "text": "and walk out with a subpoena. and uh"}, {"start": "00:25:33", "end": "00:25:38", "text": "that's no longer the case at the SEC"}, {"start": "00:25:35", "end": "00:25:39", "text": "thanks to Commissioner P's vision and I"}, {"start": "00:25:38", "end": "00:25:42", "text": "wanted to do something similar at the"}, {"start": "00:25:39", "end": "00:25:44", "text": "CFTC. So um we have a little bit of a"}, {"start": "00:25:42", "end": "00:25:47", "text": "different take on it. We're going to be"}, {"start": "00:25:44", "end": "00:25:49", "text": "focused on crypto but also prediction"}, {"start": "00:25:47", "end": "00:25:51", "text": "markets and AI because as I mentioned I"}, {"start": "00:25:49", "end": "00:25:53", "text": "think these all really go hand inand and"}, {"start": "00:25:51", "end": "00:25:55", "text": "they're critical technologies that we"}, {"start": "00:25:53", "end": "00:25:58", "text": "have to get the right policy here in the"}, {"start": "00:25:55", "end": "00:26:00", "text": "United States for. So, we're announcing"}, {"start": "00:25:58", "end": "00:26:01", "text": "that uh recently here in the United"}, {"start": "00:26:00", "end": "00:26:03", "text": "States and and looking to get the"}, {"start": "00:26:01", "end": "00:26:05", "text": "builders and innovators and financial"}, {"start": "00:26:03", "end": "00:26:07", "text": "firms coming into the the office to meet"}, {"start": "00:26:05", "end": "00:26:09", "text": "with us. We're also going to use the"}, {"start": "00:26:07", "end": "00:26:11", "text": "task force to develop purpose fit rules"}, {"start": "00:26:09", "end": "00:26:14", "text": "and regulations and policy. So, it's"}, {"start": "00:26:11", "end": "00:26:16", "text": "it's both a vehicle for folks to come in"}, {"start": "00:26:14", "end": "00:26:17", "text": "and talk to us, but also uh to work"}, {"start": "00:26:16", "end": "00:26:19", "text": "together with the different divisions"}, {"start": "00:26:17", "end": "00:26:20", "text": "within the agency who, as I mentioned,"}, {"start": "00:26:19", "end": "00:26:22", "text": "they really haven't used crypto"}, {"start": "00:26:20", "end": "00:26:24", "text": "technology. So, we're bringing in some"}, {"start": "00:26:22", "end": "00:26:26", "text": "great folks from the outside um who have"}, {"start": "00:26:24", "end": "00:26:28", "text": "worked at law firms and technologists"}, {"start": "00:26:26", "end": "00:26:30", "text": "and data scientists to to join this"}, {"start": "00:26:28", "end": "00:26:32", "text": "team, but also bringing on some of the"}, {"start": "00:26:30", "end": "00:26:34", "text": "staff from within the divisions. So,"}, {"start": "00:26:32", "end": "00:26:35", "text": "we've really got a great group of of"}, {"start": "00:26:34", "end": "00:26:37", "text": "individuals who are going to lead on"}, {"start": "00:26:35", "end": "00:26:39", "text": "this front and develop some purpose fit"}, {"start": "00:26:37", "end": "00:26:41", "text": "rules. And we've also got this"}, {"start": "00:26:39", "end": "00:26:44", "text": "innovation advisory committee which is"}, {"start": "00:26:41", "end": "00:26:46", "text": "comprised of some of the leading CEOs at"}, {"start": "00:26:44", "end": "00:26:48", "text": "both crypto firms, people like Brian"}, {"start": "00:26:46", "end": "00:26:50", "text": "Armstrong, but then also uh people at"}, {"start": "00:26:48", "end": "00:26:52", "text": "the traditional large exchanges like"}, {"start": "00:26:50", "end": "00:26:54", "text": "Terry Duffy and Jeff Spreer and Adena"}, {"start": "00:26:52", "end": "00:26:55", "text": "Freriedman. Um and then some of the new"}, {"start": "00:26:54", "end": "00:26:58", "text": "entrance in prediction markets like"}, {"start": "00:26:55", "end": "00:27:00", "text": "Shane Copelan and Tar Mansour. So, it's"}, {"start": "00:26:58", "end": "00:27:02", "text": "really a great uh coalition and we've"}, {"start": "00:27:00", "end": "00:27:04", "text": "also got some great academics and"}, {"start": "00:27:02", "end": "00:27:06", "text": "industry groups on the team and that's"}, {"start": "00:27:04", "end": "00:27:08", "text": "going to be, I think, another vehicle to"}, {"start": "00:27:06", "end": "00:27:09", "text": "get input from the the public and and"}, {"start": "00:27:08", "end": "00:27:11", "text": "from the outside to make sure we're"}, {"start": "00:27:09", "end": "00:27:13", "text": "we're not just regulating from an ivory"}, {"start": "00:27:11", "end": "00:27:15", "text": "tower and telling everyone what to do."}, {"start": "00:27:13", "end": "00:27:17", "text": "We're figuring out what the markets want"}, {"start": "00:27:15", "end": "00:27:18", "text": "to do and and setting the right rules of"}, {"start": "00:27:17", "end": "00:27:20", "text": "the road for them."}, {"start": "00:27:18", "end": "00:27:22", "text": ">> I think where maybe some innovation is"}, {"start": "00:27:20", "end": "00:27:24", "text": "meeting regulation is on clarity and a"}, {"start": "00:27:22", "end": "00:27:27", "text": "lot of the stable coin yield stuff, etc."}, {"start": "00:27:24", "end": "00:27:28", "text": "And um I've heard both sides argument"}, {"start": "00:27:27", "end": "00:27:31", "text": "like in pretty in-depth in private"}, {"start": "00:27:28", "end": "00:27:34", "text": "meetings um and what I've told both"}, {"start": "00:27:31", "end": "00:27:35", "text": "sides is you're both right. Right. Like"}, {"start": "00:27:34", "end": "00:27:37", "text": "you know like they they both have a hint"}, {"start": "00:27:35", "end": "00:27:38", "text": "of truth to what they're saying and"}, {"start": "00:27:37", "end": "00:27:40", "text": "that's why they're digging their heels"}, {"start": "00:27:38", "end": "00:27:42", "text": "in. How can regulators serve as a little"}, {"start": "00:27:40", "end": "00:27:44", "text": "bit, you know, I think people think of"}, {"start": "00:27:42", "end": "00:27:46", "text": "you generally as like a referee almost,"}, {"start": "00:27:44", "end": "00:27:47", "text": "but also the regulars that I've talked"}, {"start": "00:27:46", "end": "00:27:50", "text": "with in the past who felt like they"}, {"start": "00:27:47", "end": "00:27:51", "text": "really, you know, did a service to uh"}, {"start": "00:27:50", "end": "00:27:53", "text": "the market was like they also helped to"}, {"start": "00:27:51", "end": "00:27:54", "text": "bridge the gap sometimes when you have"}, {"start": "00:27:53", "end": "00:27:56", "text": "people on different sides of issues and"}, {"start": "00:27:54", "end": "00:27:57", "text": "and yeah, you got to be the referee, but"}, {"start": "00:27:56", "end": "00:27:59", "text": "you also kind of have to be the the"}, {"start": "00:27:57", "end": "00:28:00", "text": "mediator a little bit and get these"}, {"start": "00:27:59", "end": "00:28:01", "text": "groups to come together. Talk a little"}, {"start": "00:28:00", "end": "00:28:02", "text": "bit about that."}, {"start": "00:28:01", "end": "00:28:05", "text": ">> Well, the regulators are subject matter"}, {"start": "00:28:02", "end": "00:28:07", "text": "experts. you know, we spend all day"}, {"start": "00:28:05", "end": "00:28:09", "text": "working on the same statute, the"}, {"start": "00:28:07", "end": "00:28:11", "text": "Commodity Exchange Act at the CFTC, uh,"}, {"start": "00:28:09", "end": "00:28:13", "text": "and then all the rules and regulations"}, {"start": "00:28:11", "end": "00:28:14", "text": "that we're constantly developing and"}, {"start": "00:28:13", "end": "00:28:16", "text": "have developed over the years. So, we're"}, {"start": "00:28:14", "end": "00:28:18", "text": "subject matter experts. We really"}, {"start": "00:28:16", "end": "00:28:20", "text": "understand how our rules work, how our"}, {"start": "00:28:18", "end": "00:28:23", "text": "statute works, how to implement. Um, and"}, {"start": "00:28:20", "end": "00:28:24", "text": "then the staff are are really narrowly"}, {"start": "00:28:23", "end": "00:28:27", "text": "focused. So, they might be focused on a"}, {"start": "00:28:24", "end": "00:28:29", "text": "single provision or a single area within"}, {"start": "00:28:27", "end": "00:28:31", "text": "our statute. And we provide technical"}, {"start": "00:28:29", "end": "00:28:33", "text": "assistance to the Hill. So, we're"}, {"start": "00:28:31", "end": "00:28:35", "text": "working with the legislators to make"}, {"start": "00:28:33", "end": "00:28:37", "text": "sure they get things right, but it's"}, {"start": "00:28:35", "end": "00:28:40", "text": "really important that we're at the table"}, {"start": "00:28:37", "end": "00:28:42", "text": "and and helping to to drive policy. So,"}, {"start": "00:28:40", "end": "00:28:44", "text": "the Hill uses us as a resource, which I"}, {"start": "00:28:42", "end": "00:28:46", "text": "think is great. Um, but sometimes people"}, {"start": "00:28:44", "end": "00:28:48", "text": "get so lost in the big picture and and"}, {"start": "00:28:46", "end": "00:28:51", "text": "it it really derails things. I I think"}, {"start": "00:28:48", "end": "00:28:52", "text": "it's important that we um remain focused"}, {"start": "00:28:51", "end": "00:28:54", "text": "and make sure that we get the right"}, {"start": "00:28:52", "end": "00:28:56", "text": "policy in place. So, we're we're glad to"}, {"start": "00:28:54", "end": "00:28:58", "text": "be at at the table on that. you know, I"}, {"start": "00:28:56", "end": "00:29:00", "text": "think some of these issues around yield"}, {"start": "00:28:58", "end": "00:29:02", "text": "and so on and so forth, uh, you're"}, {"start": "00:29:00", "end": "00:29:05", "text": "you're losing the the real core aim"}, {"start": "00:29:02", "end": "00:29:07", "text": "here. We need to make sure that we have"}, {"start": "00:29:05", "end": "00:29:10", "text": "futureproof legislation in place to"}, {"start": "00:29:07", "end": "00:29:11", "text": "protect the industry here in the US. And"}, {"start": "00:29:10", "end": "00:29:13", "text": "some of these little details, things"}, {"start": "00:29:11", "end": "00:29:15", "text": "like yield, I'd prefer for that to be"}, {"start": "00:29:13", "end": "00:29:16", "text": "worked out with the regulators. You"}, {"start": "00:29:15", "end": "00:29:20", "text": "know, we've got great credential"}, {"start": "00:29:16", "end": "00:29:23", "text": "regulators um, in the OC and in the FDIC"}, {"start": "00:29:20", "end": "00:29:26", "text": "and the um, and the Treasury and others."}, {"start": "00:29:23", "end": "00:29:28", "text": "So, I I'd like to to hopefully uh have"}, {"start": "00:29:26", "end": "00:29:29", "text": "legislation that's bigger picture and"}, {"start": "00:29:28", "end": "00:29:30", "text": "let the regulators work out some of the"}, {"start": "00:29:29", "end": "00:29:32", "text": "details."}, {"start": "00:29:30", "end": "00:29:33", "text": ">> One area that the crypto folks are very"}, {"start": "00:29:32", "end": "00:29:35", "text": "excited about. Now, I think Tradfi is"}, {"start": "00:29:33", "end": "00:29:36", "text": "getting more excited is PERPS and kind"}, {"start": "00:29:35", "end": "00:29:38", "text": "of bringing those to the United States."}, {"start": "00:29:36", "end": "00:29:38", "text": "Talk a little bit about where we are on"}, {"start": "00:29:38", "end": "00:29:39", "text": "that front."}, {"start": "00:29:38", "end": "00:29:41", "text": ">> Well, we're getting very close. So,"}, {"start": "00:29:39", "end": "00:29:43", "text": "everyone loves to talk about PERPS, but"}, {"start": "00:29:41", "end": "00:29:46", "text": "it's really unfortunate that PERPS have"}, {"start": "00:29:43", "end": "00:29:49", "text": "flooded offshore. You know, around 2017,"}, {"start": "00:29:46", "end": "00:29:51", "text": "2018, these took off and for some reason"}, {"start": "00:29:49", "end": "00:29:52", "text": "our markets were so averse to it. And I"}, {"start": "00:29:51", "end": "00:29:54", "text": "think we're for the same reason we're"}, {"start": "00:29:52", "end": "00:29:56", "text": "we're concerned about crypto in the"}, {"start": "00:29:54", "end": "00:29:58", "text": "early days. But the product's really"}, {"start": "00:29:56", "end": "00:30:01", "text": "interesting. It allows for kind of a"}, {"start": "00:29:58", "end": "00:30:03", "text": "unique exposure to uh really any asset"}, {"start": "00:30:01", "end": "00:30:05", "text": "class, but we're focused at the CFTC on"}, {"start": "00:30:03", "end": "00:30:07", "text": "on studying with crypto. I I know um a"}, {"start": "00:30:05", "end": "00:30:09", "text": "lot of other asset classes may not work"}, {"start": "00:30:07", "end": "00:30:10", "text": "for and may kind of take liquidity from"}, {"start": "00:30:09", "end": "00:30:12", "text": "our traditional markets. So, we're going"}, {"start": "00:30:10", "end": "00:30:14", "text": "to start with crypto. We're getting very"}, {"start": "00:30:12", "end": "00:30:16", "text": "close. Uh the biggest issue with per has"}, {"start": "00:30:14", "end": "00:30:19", "text": "been how do we characterize them under"}, {"start": "00:30:16", "end": "00:30:21", "text": "our statute? So the history of our"}, {"start": "00:30:19", "end": "00:30:24", "text": "statute is before we had uh the"}, {"start": "00:30:21", "end": "00:30:26", "text": "DoddFrank Act which amended our uh act"}, {"start": "00:30:24", "end": "00:30:27", "text": "under um after the financial crisis we"}, {"start": "00:30:26", "end": "00:30:29", "text": "started off with just futures contracts"}, {"start": "00:30:27", "end": "00:30:31", "text": "and options. And so it was very clear"}, {"start": "00:30:29", "end": "00:30:32", "text": "what a product was was either an option"}, {"start": "00:30:31", "end": "00:30:36", "text": "or a futures contract. But now we have"}, {"start": "00:30:32", "end": "00:30:37", "text": "swaps which um are much broader in their"}, {"start": "00:30:36", "end": "00:30:39", "text": "definition. And so there's been"}, {"start": "00:30:37", "end": "00:30:42", "text": "questions as to are these truly"}, {"start": "00:30:39", "end": "00:30:44", "text": "contracts for future delivery if there's"}, {"start": "00:30:42", "end": "00:30:47", "text": "a perpetual existence. And what we got"}, {"start": "00:30:44", "end": "00:30:49", "text": "as a result of this was these longdated"}, {"start": "00:30:47", "end": "00:30:51", "text": "futures contracts. So Coinbase and"}, {"start": "00:30:49", "end": "00:30:53", "text": "others have launched kind of these quasi"}, {"start": "00:30:51", "end": "00:30:56", "text": "pers where it's a 50-year time horizon"}, {"start": "00:30:53", "end": "00:30:58", "text": "to settlement. And that looks a little"}, {"start": "00:30:56", "end": "00:30:59", "text": "bit like a per but it's not perpetual."}, {"start": "00:30:58", "end": "00:31:01", "text": "And so we're going to fix that. We're"}, {"start": "00:30:59", "end": "00:31:03", "text": "going to make sure that it's possible to"}, {"start": "00:31:01", "end": "00:31:05", "text": "launch perpetuals here in the US"}, {"start": "00:31:03", "end": "00:31:07", "text": "hopefully in the next handful of weeks"}, {"start": "00:31:05", "end": "00:31:09", "text": "to uh you know month hopefully. Um, so"}, {"start": "00:31:07", "end": "00:31:10", "text": "we're getting very close and I think"}, {"start": "00:31:09", "end": "00:31:12", "text": "that's going to be a great win uh for"}, {"start": "00:31:10", "end": "00:31:13", "text": "the industry and for the American people"}, {"start": "00:31:12", "end": "00:31:15", "text": "and we're going to make sure there's the"}, {"start": "00:31:13", "end": "00:31:16", "text": "right guard rails around it and all of"}, {"start": "00:31:15", "end": "00:31:19", "text": "that so it's well regulated."}, {"start": "00:31:16", "end": "00:31:20", "text": ">> In a weird way, you are uh like the"}, {"start": "00:31:19", "end": "00:31:22", "text": "chief risk officer of the finance"}, {"start": "00:31:20", "end": "00:31:24", "text": "industry, right? Like like you're"}, {"start": "00:31:22", "end": "00:31:26", "text": "supposed to help people take risk but"}, {"start": "00:31:24", "end": "00:31:28", "text": "also make sure that they don't go too"}, {"start": "00:31:26", "end": "00:31:30", "text": "crazy or break rules etc. Is that fair?"}, {"start": "00:31:28", "end": "00:31:32", "text": ">> Well, our statute requires us to"}, {"start": "00:31:30", "end": "00:31:34", "text": "regulate the markets and that's what"}, {"start": "00:31:32", "end": "00:31:36", "text": "we're going to do. We're, you know, I I"}, {"start": "00:31:34", "end": "00:31:38", "text": "grew up as a lawyer. That that's my"}, {"start": "00:31:36", "end": "00:31:40", "text": "former role before entering the private"}, {"start": "00:31:38", "end": "00:31:42", "text": "sector and I very much take that role"}, {"start": "00:31:40", "end": "00:31:43", "text": "seriously where I'm looking to the"}, {"start": "00:31:42", "end": "00:31:45", "text": "statute. I'm looking to our rules and"}, {"start": "00:31:43", "end": "00:31:47", "text": "regulations to make sure that we're"}, {"start": "00:31:45", "end": "00:31:50", "text": "fulfilling our mission as an agency and"}, {"start": "00:31:47", "end": "00:31:52", "text": "no more. Um my view is that we need the"}, {"start": "00:31:50", "end": "00:31:55", "text": "minimum minimum effective dose of"}, {"start": "00:31:52", "end": "00:31:56", "text": "regulation. No more, no less. Um we're"}, {"start": "00:31:55", "end": "00:31:59", "text": "not going to overregulate and kind of"}, {"start": "00:31:56", "end": "00:32:01", "text": "strangle industries or be paternalistic"}, {"start": "00:31:59", "end": "00:32:02", "text": "and merit-based as we've seen in the"}, {"start": "00:32:01", "end": "00:32:05", "text": "past. And that's where I think the"}, {"start": "00:32:02", "end": "00:32:07", "text": "concern comes from. Hey, this agency is"}, {"start": "00:32:05", "end": "00:32:09", "text": "trying to drive my industry offshore."}, {"start": "00:32:07", "end": "00:32:11", "text": "Why is that? That's not our role. Our"}, {"start": "00:32:09", "end": "00:32:13", "text": "role as a regulator is to set the rules"}, {"start": "00:32:11", "end": "00:32:15", "text": "and then let the markets decide. Let"}, {"start": "00:32:13", "end": "00:32:16", "text": "people engage in in the transactions"}, {"start": "00:32:15", "end": "00:32:18", "text": "they want to engage in. Use the"}, {"start": "00:32:16", "end": "00:32:20", "text": "technologies they want to engage in. Um"}, {"start": "00:32:18", "end": "00:32:23", "text": "just making sure we don't take the risks"}, {"start": "00:32:20", "end": "00:32:25", "text": "that our statute requires us to"}, {"start": "00:32:23", "end": "00:32:27", "text": "regulate. not not you know we're not"}, {"start": "00:32:25", "end": "00:32:29", "text": "here to to credentially regulate the"}, {"start": "00:32:27", "end": "00:32:30", "text": "markets but we're here to to make sure"}, {"start": "00:32:29", "end": "00:32:31", "text": "that there are investor protections in"}, {"start": "00:32:30", "end": "00:32:32", "text": "place."}, {"start": "00:32:31", "end": "00:32:33", "text": ">> Amazing. Well, thank you so much for"}, {"start": "00:32:32", "end": "00:32:36", "text": "taking the time to do this. We'll do it"}, {"start": "00:32:33", "end": "00:32:36", "text": "again in the future. Thank you."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Peak Bitcoin FUD is here and maybe we're"}, {"start": "00:00:03", "end": "00:00:06", "text": "nearing a potential civil war around the"}, {"start": "00:00:05", "end": "00:00:08", "text": "Bitcoin community today. We're going to"}, {"start": "00:00:06", "end": "00:00:10", "text": "break it down. Let's just jump right"}, {"start": "00:00:08", "end": "00:00:13", "text": "into it. I want to start off with a clip"}, {"start": "00:00:10", "end": "00:00:15", "text": "today that will kind of set you back if"}, {"start": "00:00:13", "end": "00:00:17", "text": "you're in crypto. It'll make you think"}, {"start": "00:00:15", "end": "00:00:20", "text": "about what's going on out there. This is"}, {"start": "00:00:17", "end": "00:00:21", "text": "Professor Xang talking about Bitcoin."}, {"start": "00:00:20", "end": "00:00:23", "text": "Take a look."}, {"start": "00:00:21", "end": "00:00:25", "text": ">> Who do you think is Satoshi Nakamoto?"}, {"start": "00:00:23", "end": "00:00:28", "text": "When you do game theory analysis, you"}, {"start": "00:00:25", "end": "00:00:30", "text": "end up with a CIA. Okay. You have to ask"}, {"start": "00:00:28", "end": "00:00:33", "text": "yourself this question. Where are the"}, {"start": "00:00:30", "end": "00:00:35", "text": "blockchain servers located? Right? I"}, {"start": "00:00:33", "end": "00:00:39", "text": "want to know where the databases are,"}, {"start": "00:00:35", "end": "00:00:39", "text": "where the servers are physically."}, {"start": "00:00:40", "end": "00:00:43", "text": "So guys, this is really what we're"}, {"start": "00:00:42", "end": "00:00:44", "text": "getting at. There's a lot of FUD kind of"}, {"start": "00:00:43", "end": "00:00:46", "text": "hitting the streets. We're just we're"}, {"start": "00:00:44", "end": "00:00:47", "text": "not, you know, trying to discredit one"}, {"start": "00:00:46", "end": "00:00:50", "text": "way or the other. Just kind of showing"}, {"start": "00:00:47", "end": "00:00:51", "text": "you example here. Of course, was a"}, {"start": "00:00:50", "end": "00:00:53", "text": "Twitter a post out there kind of"}, {"start": "00:00:51", "end": "00:00:56", "text": "responding to Jiang's statement that"}, {"start": "00:00:53", "end": "00:00:58", "text": "it's CIA. Uh yes, there's issues where"}, {"start": "00:00:56", "end": "00:01:00", "text": "there are unknown, you know, nodes out"}, {"start": "00:00:58", "end": "00:01:01", "text": "there. The United States still leading"}, {"start": "00:01:00", "end": "00:01:04", "text": "the spot, but this also could be"}, {"start": "00:01:01", "end": "00:01:06", "text": "individuals that are within this. Then"}, {"start": "00:01:04", "end": "00:01:08", "text": "of course you had the John Stewart"}, {"start": "00:01:06", "end": "00:01:11", "text": "interview, all of this. This of course"}, {"start": "00:01:08", "end": "00:01:13", "text": "was Ben McKenzie FDing crypto and all of"}, {"start": "00:01:11", "end": "00:01:15", "text": "crypto, not just Bitcoin, and what that"}, {"start": "00:01:13", "end": "00:01:16", "text": "looked like. If you want to learn a"}, {"start": "00:01:15", "end": "00:01:19", "text": "little bit more about Ben McKenzie, he's"}, {"start": "00:01:16", "end": "00:01:21", "text": "an actor, has some economic background,"}, {"start": "00:01:19", "end": "00:01:23", "text": "but not necessarily uh fullon. So, let"}, {"start": "00:01:21", "end": "00:01:24", "text": "me go to a clip. here some of the BS"}, {"start": "00:01:23", "end": "00:01:26", "text": "that was being spewed on the John"}, {"start": "00:01:24", "end": "00:01:28", "text": "Stewart show. Take a look."}, {"start": "00:01:26", "end": "00:01:30", "text": ">> I I would really just separate them into"}, {"start": "00:01:28", "end": "00:01:32", "text": "two categories, which is the speculative"}, {"start": "00:01:30", "end": "00:01:34", "text": "cryptocurrencies, which is Bitcoin,"}, {"start": "00:01:32", "end": "00:01:36", "text": "Ethereum, and the 20,000"}, {"start": "00:01:34", "end": "00:01:36", "text": "cryptocurrencies that the price goes up"}, {"start": "00:01:36", "end": "00:01:39", "text": "and down."}, {"start": "00:01:36", "end": "00:01:39", "text": ">> Would that be like Melaniacoin and and"}, {"start": "00:01:39", "end": "00:01:41", "text": "God,"}, {"start": "00:01:39", "end": "00:01:43", "text": ">> it's all stupid. It's all stupid. It's"}, {"start": "00:01:41", "end": "00:01:45", "text": "worse than our regulated system, which"}, {"start": "00:01:43", "end": "00:01:47", "text": "is saying a lot. You could use that for"}, {"start": "00:01:45", "end": "00:01:50", "text": "good, but you're really using it for"}, {"start": "00:01:47", "end": "00:01:52", "text": "crime. It's an ETF of gun running and"}, {"start": "00:01:50", "end": "00:01:55", "text": "drug running and sex trafficking."}, {"start": "00:01:52", "end": "00:01:57", "text": ">> That's the majority. Yes. An"}, {"start": "00:01:55", "end": "00:01:58", "text": "overwhelming majority of ships ships are"}, {"start": "00:01:57", "end": "00:02:00", "text": "going through the straight of Hammuz"}, {"start": "00:01:58", "end": "00:02:03", "text": "right now paying in cryptocurrency. Half"}, {"start": "00:02:00", "end": "00:02:04", "text": "of the North Korean nuclear weapons"}, {"start": "00:02:03", "end": "00:02:06", "text": "program to crypto."}, {"start": "00:02:04", "end": "00:02:09", "text": ">> Are you [�__�] kidding me? Why is it I"}, {"start": "00:02:06", "end": "00:02:10", "text": "don't understand this. This is blowing"}, {"start": "00:02:09", "end": "00:02:13", "text": "my mind,"}, {"start": "00:02:10", "end": "00:02:15", "text": ">> dude. It's so wild. They were talking"}, {"start": "00:02:13", "end": "00:02:17", "text": "about a small fraction of crypto being"}, {"start": "00:02:15", "end": "00:02:19", "text": "used for illicit activities versus what"}, {"start": "00:02:17", "end": "00:02:21", "text": "we see in, you know, the illicit"}, {"start": "00:02:19", "end": "00:02:23", "text": "activities that are actually run on the"}, {"start": "00:02:21", "end": "00:02:25", "text": "fiat rails, you know, like cash, bank"}, {"start": "00:02:23", "end": "00:02:26", "text": "accounts, all sorts of shadow"}, {"start": "00:02:25", "end": "00:02:28", "text": "governments that are out there. That's"}, {"start": "00:02:26", "end": "00:02:29", "text": "been around forever. Lyn Alden said,"}, {"start": "00:02:28", "end": "00:02:31", "text": "\"Hey, listen. If you really want to talk"}, {"start": "00:02:29", "end": "00:02:33", "text": "to someone that actually knows what's"}, {"start": "00:02:31", "end": "00:02:35", "text": "talking about, let me know because this"}, {"start": "00:02:33", "end": "00:02:37", "text": "is the the kind of FUD that we shouldn't"}, {"start": "00:02:35", "end": "00:02:39", "text": "be looking at.\" Now what the real"}, {"start": "00:02:37", "end": "00:02:42", "text": "problem is right now is really boiling"}, {"start": "00:02:39", "end": "00:02:44", "text": "down to the issue of quantum proof and"}, {"start": "00:02:42", "end": "00:02:46", "text": "Bernstein came out with some research."}, {"start": "00:02:44", "end": "00:02:48", "text": "They analyzed Bitcoin's quantum"}, {"start": "00:02:46", "end": "00:02:50", "text": "computing risk. This is started to"}, {"start": "00:02:48", "end": "00:02:53", "text": "accelerate in a big way. I'll zoom in on"}, {"start": "00:02:50", "end": "00:02:55", "text": "one specific area approximately 50% from"}, {"start": "00:02:53", "end": "00:02:58", "text": "its peak. This isn't talking about uh"}, {"start": "00:02:55", "end": "00:03:01", "text": "Bitcoin's price in October. This is all"}, {"start": "00:02:58", "end": "00:03:03", "text": "reflecting a heightened market anxiety"}, {"start": "00:03:01", "end": "00:03:05", "text": "regard regarding these quantum threats."}, {"start": "00:03:03", "end": "00:03:07", "text": "And that's the point that really we're"}, {"start": "00:03:05", "end": "00:03:09", "text": "boiling into is that we are in a"}, {"start": "00:03:07", "end": "00:03:10", "text": "position right now where quantum"}, {"start": "00:03:09", "end": "00:03:12", "text": "computing risks stalling the"}, {"start": "00:03:10", "end": "00:03:14", "text": "institutional Bitcoin investment. Kevin"}, {"start": "00:03:12", "end": "00:03:17", "text": "Olirri has already referenced this"}, {"start": "00:03:14", "end": "00:03:19", "text": "saying he's only going to allocate 3%."}, {"start": "00:03:17", "end": "00:03:22", "text": "Is that the kind of limit? Does that put"}, {"start": "00:03:19", "end": "00:03:24", "text": "a hard cap on major institutional"}, {"start": "00:03:22", "end": "00:03:26", "text": "capital coming into Bitcoin just because"}, {"start": "00:03:24", "end": "00:03:29", "text": "of what's happened? And it has started"}, {"start": "00:03:26", "end": "00:03:33", "text": "to move the Bitcoin community into all"}, {"start": "00:03:29", "end": "00:03:35", "text": "sorts of potential solutions. None of"}, {"start": "00:03:33", "end": "00:03:37", "text": "which are good because it actually"}, {"start": "00:03:35", "end": "00:03:39", "text": "breaks the Bitcoin code and the religion"}, {"start": "00:03:37", "end": "00:03:42", "text": "behind it. If you believe that is the"}, {"start": "00:03:39", "end": "00:03:44", "text": "case, I want to play a clip from Charles"}, {"start": "00:03:42", "end": "00:03:47", "text": "Hoskinson kind of talking about this."}, {"start": "00:03:44", "end": "00:03:50", "text": "Take a look. We have this adversary"}, {"start": "00:03:47", "end": "00:03:52", "text": "called a quantum computer. Normally not"}, {"start": "00:03:50", "end": "00:03:54", "text": "an issue, but remember the Bitcoiners,"}, {"start": "00:03:52", "end": "00:03:56", "text": "what they did is they took technology"}, {"start": "00:03:54", "end": "00:04:00", "text": "and they turned it into religion."}, {"start": "00:03:56", "end": "00:04:02", "text": "Suddenly God has abandoned you. So this"}, {"start": "00:04:00", "end": "00:04:06", "text": "is a proposal written by credible people"}, {"start": "00:04:02", "end": "00:04:08", "text": "who called us all shitcoiners to freeze"}, {"start": "00:04:06", "end": "00:04:12", "text": "all Bitcoin, force a migration to"}, {"start": "00:04:08", "end": "00:04:16", "text": "postquantum addresses and effectively"}, {"start": "00:04:12", "end": "00:04:18", "text": "steal 1.7 million Bitcoin from the"}, {"start": "00:04:16", "end": "00:04:20", "text": "rightful holders. What happened to there"}, {"start": "00:04:18", "end": "00:04:23", "text": "is only ever going to be 21 million"}, {"start": "00:04:20", "end": "00:04:25", "text": "coins and uh self-custody and Bitcoin"}, {"start": "00:04:23", "end": "00:04:28", "text": "never needs to change and everything's"}, {"start": "00:04:25", "end": "00:04:30", "text": "perfect and Satoshi's god. The first lie"}, {"start": "00:04:28", "end": "00:04:32", "text": "in the BIP is here where they say it's a"}, {"start": "00:04:30", "end": "00:04:36", "text": "soft fork to actually do this. You need"}, {"start": "00:04:32", "end": "00:04:40", "text": "a hard fork, buddy. Your core developers"}, {"start": "00:04:36", "end": "00:04:44", "text": "telling you straight in your face 34% of"}, {"start": "00:04:40", "end": "00:04:44", "text": "your supply is vulnerable."}, {"start": "00:04:44", "end": "00:04:47", "text": "And here's your hard fork here. Didn't"}, {"start": "00:04:46", "end": "00:04:50", "text": "want to admit it, but this would require"}, {"start": "00:04:47", "end": "00:04:52", "text": "a hard fork. Users with frozen quantum"}, {"start": "00:04:50", "end": "00:04:54", "text": "vulnerable funds and an HD wallet seed"}, {"start": "00:04:52", "end": "00:04:57", "text": "phrase can construct a quantum safe"}, {"start": "00:04:54", "end": "00:05:02", "text": "proof to recover funds. That's a lie."}, {"start": "00:04:57", "end": "00:05:05", "text": "1.7 million coins can't do that. 1.1"}, {"start": "00:05:02", "end": "00:05:06", "text": "million of which belong to Satoshi."}, {"start": "00:05:05", "end": "00:05:08", "text": "Here's the thing. It's not a bad"}, {"start": "00:05:06", "end": "00:05:10", "text": "proposal. It really isn't. I understand"}, {"start": "00:05:08", "end": "00:05:12", "text": "why they wrote it. Because if they don't"}, {"start": "00:05:10", "end": "00:05:14", "text": "do this, that money will be stolen."}, {"start": "00:05:12", "end": "00:05:16", "text": "That's a fact. And these are generous"}, {"start": "00:05:14", "end": "00:05:19", "text": "numbers. 8 million Bitcoin. What about"}, {"start": "00:05:16", "end": "00:05:20", "text": "the Bitcoin that's lost?"}, {"start": "00:05:19", "end": "00:05:22", "text": "Sorry to gloat a little bit, but there's"}, {"start": "00:05:20", "end": "00:05:24", "text": "a long time coming, you sons of [�__�]"}, {"start": "00:05:22", "end": "00:05:27", "text": "If you ignore the problem, the flood"}, {"start": "00:05:24", "end": "00:05:28", "text": "will come. The tsunami wave will hit"}, {"start": "00:05:27", "end": "00:05:31", "text": "you. And I know you're going to put your"}, {"start": "00:05:28", "end": "00:05:33", "text": "heads in the sand because you're aing"}, {"start": "00:05:31", "end": "00:05:35", "text": "cult. Now, we as an industry are here to"}, {"start": "00:05:33", "end": "00:05:38", "text": "help. And if you're willing to open up"}, {"start": "00:05:35", "end": "00:05:41", "text": "the core of Bitcoin, the last time I'll"}, {"start": "00:05:38", "end": "00:05:43", "text": "mention it, have the courage to change"}, {"start": "00:05:41", "end": "00:05:45", "text": "things. They exist. They're battle"}, {"start": "00:05:43", "end": "00:05:48", "text": "tested. They work. And they can turn"}, {"start": "00:05:45", "end": "00:05:50", "text": "Bitcoin into a Leviathan like the world"}, {"start": "00:05:48", "end": "00:05:52", "text": "has never seen."}, {"start": "00:05:50", "end": "00:05:55", "text": ">> Wow. Do you think they'll do it? is the"}, {"start": "00:05:52", "end": "00:05:59", "text": "question mark. That would be a complete"}, {"start": "00:05:55", "end": "00:06:01", "text": "pivot completely on Bitcoin. Quantum is"}, {"start": "00:05:59", "end": "00:06:02", "text": "a threat. I wanted to get an expert on"}, {"start": "00:06:01", "end": "00:06:05", "text": "the show to talk about this because"}, {"start": "00:06:02", "end": "00:06:07", "text": "there are issues that institutional"}, {"start": "00:06:05", "end": "00:06:09", "text": "capital is facing right now and Bitcoin"}, {"start": "00:06:07", "end": "00:06:11", "text": "being obviously you have JP Morgan,"}, {"start": "00:06:09", "end": "00:06:14", "text": "Morgan Stanley, all of these starting to"}, {"start": "00:06:11", "end": "00:06:16", "text": "roll into these ETFs and of course IBIT"}, {"start": "00:06:14", "end": "00:06:18", "text": "with BlackRock. All of this has to be"}, {"start": "00:06:16", "end": "00:06:20", "text": "answered very soon. So I wanted to get"}, {"start": "00:06:18", "end": "00:06:22", "text": "an expert on the show. Let's go to his"}, {"start": "00:06:20", "end": "00:06:23", "text": "interview. We of course have Chris Tam"}, {"start": "00:06:22", "end": "00:06:27", "text": "who is the president and head innovation"}, {"start": "00:06:23", "end": "00:06:31", "text": "at BTQ uh technologies kind of uh"}, {"start": "00:06:27", "end": "00:06:33", "text": "carrying on the concept of where quantum"}, {"start": "00:06:31", "end": "00:06:35", "text": "is in the relationship to the Bitcoin"}, {"start": "00:06:33", "end": "00:06:38", "text": "conversation. So I want to kind of start"}, {"start": "00:06:35", "end": "00:06:41", "text": "with that because you guys recently did"}, {"start": "00:06:38", "end": "00:06:44", "text": "uh some pretty heavy research on quantum"}, {"start": "00:06:41", "end": "00:06:46", "text": "mining or the ability of doing quantum"}, {"start": "00:06:44", "end": "00:06:49", "text": "mining with Bitcoin and I wanted to go"}, {"start": "00:06:46", "end": "00:06:51", "text": "into first setting the stage. Why did"}, {"start": "00:06:49", "end": "00:06:52", "text": "you think this research needed to be"}, {"start": "00:06:51", "end": "00:06:55", "text": "done?"}, {"start": "00:06:52", "end": "00:06:59", "text": ">> Yeah, so obviously quantum computing has"}, {"start": "00:06:55", "end": "00:07:02", "text": "been an increasingly sensitive topic. Uh"}, {"start": "00:06:59", "end": "00:07:04", "text": "it's been in pretty much every major"}, {"start": "00:07:02", "end": "00:07:05", "text": "news outlet ever since the beginning of"}, {"start": "00:07:04", "end": "00:07:07", "text": "this year. And really throughout 2025,"}, {"start": "00:07:05", "end": "00:07:09", "text": "we've seen a ton of progress in the"}, {"start": "00:07:07", "end": "00:07:11", "text": "scientific community around the"}, {"start": "00:07:09", "end": "00:07:13", "text": "development of these quantum"}, {"start": "00:07:11", "end": "00:07:15", "text": "technologies. And so now when we think"}, {"start": "00:07:13", "end": "00:07:18", "text": "about really the quantum risk to to to"}, {"start": "00:07:15", "end": "00:07:20", "text": "crypto assets such as Bitcoin, it's"}, {"start": "00:07:18", "end": "00:07:22", "text": "really front and center. Quantum"}, {"start": "00:07:20", "end": "00:07:25", "text": "computing presents an existential threat"}, {"start": "00:07:22", "end": "00:07:29", "text": "to these digital assets. And in order to"}, {"start": "00:07:25", "end": "00:07:32", "text": "get clear on what type of risks we're"}, {"start": "00:07:29", "end": "00:07:34", "text": "facing, we've broken this down into, you"}, {"start": "00:07:32", "end": "00:07:36", "text": "know, two really simple categories. Two"}, {"start": "00:07:34", "end": "00:07:38", "text": "categories that maybe people often"}, {"start": "00:07:36", "end": "00:07:40", "text": "conflate with each other, but really"}, {"start": "00:07:38", "end": "00:07:43", "text": "there's, you know, two risks that that"}, {"start": "00:07:40", "end": "00:07:46", "text": "that we're dealing with. One is an"}, {"start": "00:07:43", "end": "00:07:48", "text": "attack on signatures. This would be, you"}, {"start": "00:07:46", "end": "00:07:50", "text": "know, everyone knows that your private"}, {"start": "00:07:48", "end": "00:07:52", "text": "key is where you hold all your crypto."}, {"start": "00:07:50", "end": "00:07:55", "text": "That's the number one rule in crypto."}, {"start": "00:07:52", "end": "00:07:58", "text": "don't show anyone your private key"}, {"start": "00:07:55", "end": "00:07:59", "text": "and that ex that's a very real risk. The"}, {"start": "00:07:58", "end": "00:08:01", "text": "other real risk or the other risk that"}, {"start": "00:07:59", "end": "00:08:04", "text": "people conflate with you know quantum"}, {"start": "00:08:01", "end": "00:08:06", "text": "risk to bitcoin is attacks on mining. So"}, {"start": "00:08:04", "end": "00:08:08", "text": "in other words what if a quantum"}, {"start": "00:08:06", "end": "00:08:10", "text": "computer is able to mine more blocks"}, {"start": "00:08:08", "end": "00:08:13", "text": "than anyone else in the network uh and"}, {"start": "00:08:10", "end": "00:08:15", "text": "then we lose that you know decentralized"}, {"start": "00:08:13", "end": "00:08:17", "text": "block production and and really that's"}, {"start": "00:08:15", "end": "00:08:21", "text": "the angle that we were focused on. We"}, {"start": "00:08:17", "end": "00:08:23", "text": "evaluated how much energy, time, and"}, {"start": "00:08:21", "end": "00:08:26", "text": "resources would it take for a quantum"}, {"start": "00:08:23", "end": "00:08:28", "text": "adversary to break the Bitcoin mining"}, {"start": "00:08:26", "end": "00:08:30", "text": "protocol. And it turns out that it's"}, {"start": "00:08:28", "end": "00:08:33", "text": "very significant."}, {"start": "00:08:30", "end": "00:08:35", "text": "So, this is a little stark because you"}, {"start": "00:08:33", "end": "00:08:39", "text": "think about the ability to mine out."}, {"start": "00:08:35", "end": "00:08:41", "text": "We're approaching midway on hash right"}, {"start": "00:08:39", "end": "00:08:45", "text": "now, just a I think just a very short"}, {"start": "00:08:41", "end": "00:08:48", "text": "time away. and the back half of being"}, {"start": "00:08:45", "end": "00:08:50", "text": "able to mine all Bitcoin, especially if"}, {"start": "00:08:48", "end": "00:08:52", "text": "you look at the capability of where"}, {"start": "00:08:50", "end": "00:08:56", "text": "Bitcoin could be in terms of just price"}, {"start": "00:08:52", "end": "00:08:58", "text": "value in the next decade. We're talking"}, {"start": "00:08:56", "end": "00:09:00", "text": "about a significant impact on the"}, {"start": "00:08:58", "end": "00:09:02", "text": "ecosystem. So, a nation state, bad"}, {"start": "00:09:00", "end": "00:09:04", "text": "actors. I mean, we're getting into all"}, {"start": "00:09:02", "end": "00:09:06", "text": "sorts of things."}, {"start": "00:09:04", "end": "00:09:08", "text": "the numbers that I saw in some of the"}, {"start": "00:09:06", "end": "00:09:11", "text": "report data that you sent to me, this"}, {"start": "00:09:08", "end": "00:09:13", "text": "kind of blew my mind is that the output"}, {"start": "00:09:11", "end": "00:09:16", "text": "to mine a Bitcoin is now nearing the"}, {"start": "00:09:13", "end": "00:09:18", "text": "output of like a star as in a celestial"}, {"start": "00:09:16", "end": "00:09:21", "text": "star."}, {"start": "00:09:18", "end": "00:09:24", "text": ">> So that's the energy output required in"}, {"start": "00:09:21", "end": "00:09:24", "text": "order for a quantum computer to mine"}, {"start": "00:09:24", "end": "00:09:26", "text": "Bitcoin."}, {"start": "00:09:24", "end": "00:09:29", "text": ">> Yeah. Yeah. And the point here is saying"}, {"start": "00:09:26", "end": "00:09:31", "text": "it's extremely unlikely that we'll have"}, {"start": "00:09:29", "end": "00:09:35", "text": "a quantum adversary being able to mine"}, {"start": "00:09:31", "end": "00:09:38", "text": "Bitcoin faster than one of the AS6 or"}, {"start": "00:09:35", "end": "00:09:40", "text": "one of the, you know, bites of today."}, {"start": "00:09:38", "end": "00:09:43", "text": ">> And really, as a result, what we're"}, {"start": "00:09:40", "end": "00:09:46", "text": "directing people's attention focus to is"}, {"start": "00:09:43", "end": "00:09:48", "text": "the more short-term and and real risk of"}, {"start": "00:09:46", "end": "00:09:52", "text": "the quantum attacks on digital"}, {"start": "00:09:48", "end": "00:09:54", "text": "signatures, i.e. people's private keys."}, {"start": "00:09:52", "end": "00:09:59", "text": "So mining not the issue at least not"}, {"start": "00:09:54", "end": "00:10:01", "text": "now. Um you look at where uh quantum"}, {"start": "00:09:59", "end": "00:10:04", "text": "comes in right and I and of course I'm"}, {"start": "00:10:01", "end": "00:10:06", "text": "hearing that there's relationship now"}, {"start": "00:10:04", "end": "00:10:08", "text": "from the Ethereum Foundation with a lot"}, {"start": "00:10:06", "end": "00:10:10", "text": "of the core devs of Bitcoin. They're"}, {"start": "00:10:08", "end": "00:10:12", "text": "trying to solve this. They're actually"}, {"start": "00:10:10", "end": "00:10:14", "text": "maybe going to work together which was a"}, {"start": "00:10:12", "end": "00:10:17", "text": "little crazy. I even heard some news"}, {"start": "00:10:14", "end": "00:10:20", "text": "about Adam back doing that. So explain"}, {"start": "00:10:17", "end": "00:10:23", "text": "to me uh what you guys are doing to kind"}, {"start": "00:10:20", "end": "00:10:24", "text": "of solve this solution right now."}, {"start": "00:10:23", "end": "00:10:28", "text": ">> Yeah, exactly. So a lot of what we're"}, {"start": "00:10:24", "end": "00:10:30", "text": "doing is trying to bring these tangible"}, {"start": "00:10:28", "end": "00:10:32", "text": "real world solutions into the hands of"}, {"start": "00:10:30", "end": "00:10:35", "text": "people that people can experiment with"}, {"start": "00:10:32", "end": "00:10:37", "text": "that people can use test with today in"}, {"start": "00:10:35", "end": "00:10:40", "text": "order to inform their decision-m on how"}, {"start": "00:10:37", "end": "00:10:42", "text": "to navigate this quantum risk to Bitcoin"}, {"start": "00:10:40", "end": "00:10:43", "text": "to Ethereum to Salana so on and so"}, {"start": "00:10:42", "end": "00:10:45", "text": "forth. And one of the ways that we're"}, {"start": "00:10:43", "end": "00:10:48", "text": "doing this is by building a what we're"}, {"start": "00:10:45", "end": "00:10:50", "text": "calling a quantum canary network. Sort"}, {"start": "00:10:48", "end": "00:10:52", "text": "of like the canary in the coal mine idea"}, {"start": "00:10:50", "end": "00:10:54", "text": "where you know old miners would send a"}, {"start": "00:10:52", "end": "00:10:55", "text": "bird into some caves and figure out"}, {"start": "00:10:54", "end": "00:10:57", "text": "whether those birds would drop dead and"}, {"start": "00:10:55", "end": "00:10:59", "text": "if they did that it was a sign that"}, {"start": "00:10:57", "end": "00:11:01", "text": "there were toxic gases. Don't go there."}, {"start": "00:10:59", "end": "00:11:04", "text": "The exact the exact same idea with with"}, {"start": "00:11:01", "end": "00:11:06", "text": "with these quantum threats. We're"}, {"start": "00:11:04", "end": "00:11:08", "text": "building a a basically a Bitcoin"}, {"start": "00:11:06", "end": "00:11:11", "text": "protocol equipped with a variety of"}, {"start": "00:11:08", "end": "00:11:13", "text": "postquantum features, postquantum"}, {"start": "00:11:11", "end": "00:11:15", "text": "upgrades to see what works, what"}, {"start": "00:11:13", "end": "00:11:17", "text": "doesn't, and if it if something does"}, {"start": "00:11:15", "end": "00:11:19", "text": "work, what are the trade-offs? What does"}, {"start": "00:11:17", "end": "00:11:22", "text": "performance look like? What will"}, {"start": "00:11:19", "end": "00:11:24", "text": "transaction costs be? How do you scale"}, {"start": "00:11:22", "end": "00:11:26", "text": "the network? and really trying to dig"}, {"start": "00:11:24", "end": "00:11:30", "text": "into these really tough technical"}, {"start": "00:11:26", "end": "00:11:32", "text": "problems without needing to bypass or"}, {"start": "00:11:30", "end": "00:11:34", "text": "without needing to confront all the"}, {"start": "00:11:32", "end": "00:11:36", "text": "social consensus that Bitcoin is"}, {"start": "00:11:34", "end": "00:11:37", "text": "complied with. It's fantastic as a"}, {"start": "00:11:36", "end": "00:11:39", "text": "protocol, but it moves very slowly and"}, {"start": "00:11:37", "end": "00:11:41", "text": "that's why something like this quantum"}, {"start": "00:11:39", "end": "00:11:42", "text": "canary network is is very well"}, {"start": "00:11:41", "end": "00:11:47", "text": "warranted."}, {"start": "00:11:42", "end": "00:11:48", "text": ">> So, okay. So, this is happening now."}, {"start": "00:11:47", "end": "00:11:50", "text": ">> This is happening now. It's it's I mean,"}, {"start": "00:11:48", "end": "00:11:52", "text": "we've actually been been live on test"}, {"start": "00:11:50", "end": "00:11:54", "text": "net since the beginning of the year. So"}, {"start": "00:11:52", "end": "00:11:57", "text": "approaching four months now. Uh and it's"}, {"start": "00:11:54", "end": "00:11:59", "text": "something that people we have over 150"}, {"start": "00:11:57", "end": "00:12:01", "text": "people on this you know some of which"}, {"start": "00:11:59", "end": "00:12:03", "text": "are miners some of them some of which"}, {"start": "00:12:01", "end": "00:12:06", "text": "are running nodes some people have"}, {"start": "00:12:03", "end": "00:12:08", "text": "created wallets and are sending these uh"}, {"start": "00:12:06", "end": "00:12:11", "text": "these these tokens around. So it's very"}, {"start": "00:12:08", "end": "00:12:13", "text": "much live in in in production today."}, {"start": "00:12:11", "end": "00:12:16", "text": ">> Yeah. Okay. All right. Well, I think the"}, {"start": "00:12:13", "end": "00:12:20", "text": "the key here obviously uh is as"}, {"start": "00:12:16", "end": "00:12:23", "text": "institutional adoption is now piling in"}, {"start": "00:12:20", "end": "00:12:26", "text": "literally as we near what could happen"}, {"start": "00:12:23", "end": "00:12:28", "text": "with clarity most likely is that this is"}, {"start": "00:12:26", "end": "00:12:31", "text": "going to kind of become front and center"}, {"start": "00:12:28", "end": "00:12:32", "text": "in terms of the long game. How are you"}, {"start": "00:12:31", "end": "00:12:35", "text": "guys approaching this? I mean, what's"}, {"start": "00:12:32", "end": "00:12:38", "text": "the the process? What's the timeline?"}, {"start": "00:12:35", "end": "00:12:40", "text": "Give me a a rundown."}, {"start": "00:12:38", "end": "00:12:42", "text": "Yes, I mean I think you hit it on the"}, {"start": "00:12:40", "end": "00:12:46", "text": "head, especially as we've seen through"}, {"start": "00:12:42", "end": "00:12:47", "text": "2025 the sort of institutional adoption"}, {"start": "00:12:46", "end": "00:12:50", "text": "of Bitcoin. We've seen, you know,"}, {"start": "00:12:47", "end": "00:12:51", "text": "massive ETF inflows into the asset"}, {"start": "00:12:50", "end": "00:12:53", "text": "class. We now have, you know, money"}, {"start": "00:12:51", "end": "00:12:56", "text": "managers like Black Rockck who have"}, {"start": "00:12:53", "end": "00:12:57", "text": "significant ETF holdings of of Bitcoin."}, {"start": "00:12:56", "end": "00:13:00", "text": "I think, you know, Black Rockck"}, {"start": "00:12:57", "end": "00:13:03", "text": "represents about 5% of the total"}, {"start": "00:13:00", "end": "00:13:04", "text": "circulating Bitcoin supply. This is very"}, {"start": "00:13:03", "end": "00:13:07", "text": "much on the road map, right? So they"}, {"start": "00:13:04", "end": "00:13:10", "text": "have a fiduciary duty to protect their"}, {"start": "00:13:07", "end": "00:13:12", "text": "investors and you'll have seen through"}, {"start": "00:13:10", "end": "00:13:14", "text": "2025"}, {"start": "00:13:12", "end": "00:13:18", "text": "Black Rocks Black Rockck's Bitcoin ETF"}, {"start": "00:13:14", "end": "00:13:20", "text": "risk disclosures on quantum computing"}, {"start": "00:13:18", "end": "00:13:21", "text": "increase something like 5x. They've you"}, {"start": "00:13:20", "end": "00:13:23", "text": "know it used to be a small paragraph."}, {"start": "00:13:21", "end": "00:13:24", "text": "Now it's a now now it's"}, {"start": "00:13:23", "end": "00:13:26", "text": ">> exactly"}, {"start": "00:13:24", "end": "00:13:28", "text": ">> and so really what we're looking for in"}, {"start": "00:13:26", "end": "00:13:30", "text": "terms of the long game is to help"}, {"start": "00:13:28", "end": "00:13:33", "text": "institutions have"}, {"start": "00:13:30", "end": "00:13:35", "text": "one alternative one sort of hedge"}, {"start": "00:13:33", "end": "00:13:38", "text": "against the risk that the Bitcoin"}, {"start": "00:13:35", "end": "00:13:40", "text": "protocol doesn't"}, {"start": "00:13:38", "end": "00:13:43", "text": "successfully upgrade to postquantum"}, {"start": "00:13:40", "end": "00:13:44", "text": "security. Uh and by doing so, you know,"}, {"start": "00:13:43", "end": "00:13:46", "text": "we're we're doing we're we're giving"}, {"start": "00:13:44", "end": "00:13:48", "text": "both institutions, you know,"}, {"start": "00:13:46", "end": "00:13:50", "text": "organizations, companies, and and as"}, {"start": "00:13:48", "end": "00:13:53", "text": "well as retail uh retail users an"}, {"start": "00:13:50", "end": "00:13:55", "text": "opportunity to test out what a"}, {"start": "00:13:53", "end": "00:13:56", "text": "postquantum Bitcoin could look like"}, {"start": "00:13:55", "end": "00:14:00", "text": "today."}, {"start": "00:13:56", "end": "00:14:03", "text": ">> Okay. So, with that test, um when you"}, {"start": "00:14:00", "end": "00:14:05", "text": "look at that, I guess there's a few"}, {"start": "00:14:03", "end": "00:14:07", "text": "things. One, is is this going to be"}, {"start": "00:14:05", "end": "00:14:08", "text": "something that they can implement on on"}, {"start": "00:14:07", "end": "00:14:10", "text": "their side? Is this something that"}, {"start": "00:14:08", "end": "00:14:13", "text": "implements on the mining side? Where"}, {"start": "00:14:10", "end": "00:14:15", "text": "does the uh the technology work?"}, {"start": "00:14:13", "end": "00:14:18", "text": ">> Yeah. So the technology effectively"}, {"start": "00:14:15", "end": "00:14:21", "text": "mirrors what Bitcoin has today. So it's"}, {"start": "00:14:18", "end": "00:14:22", "text": "essentially a copycat. Let's really what"}, {"start": "00:14:21", "end": "00:14:26", "text": "what what what we did was we took the"}, {"start": "00:14:22", "end": "00:14:28", "text": "Bitcoin codebase which is available for"}, {"start": "00:14:26", "end": "00:14:31", "text": "everyone for everybody on GitHub and we"}, {"start": "00:14:28", "end": "00:14:33", "text": "forked it and we replaced forking just"}, {"start": "00:14:31", "end": "00:14:36", "text": "means we make a copy our own our own"}, {"start": "00:14:33", "end": "00:14:38", "text": "copy of of the codebase. Um, but we made"}, {"start": "00:14:36", "end": "00:14:40", "text": "some modifications where we replaced all"}, {"start": "00:14:38", "end": "00:14:42", "text": "of the vulnerable cryptography with this"}, {"start": "00:14:40", "end": "00:14:45", "text": "quantum secure cryptography."}, {"start": "00:14:42", "end": "00:14:47", "text": ">> And so what this produces is this"}, {"start": "00:14:45", "end": "00:14:49", "text": "Bitcoinesque"}, {"start": "00:14:47", "end": "00:14:50", "text": "network that effectively looks and feels"}, {"start": "00:14:49", "end": "00:14:53", "text": "like Bitcoin, but it's just quantum"}, {"start": "00:14:50", "end": "00:14:57", "text": "secure. This means that all of the sort"}, {"start": "00:14:53", "end": "00:15:00", "text": "of parties involved very much replicate"}, {"start": "00:14:57", "end": "00:15:02", "text": "what Bitcoin has. So, so you have as we"}, {"start": "00:15:00", "end": "00:15:04", "text": "mentioned miners, you have you know"}, {"start": "00:15:02", "end": "00:15:06", "text": "validators,"}, {"start": "00:15:04", "end": "00:15:08", "text": "uh you have people transacting on the"}, {"start": "00:15:06", "end": "00:15:10", "text": "network and so it really spans across"}, {"start": "00:15:08", "end": "00:15:13", "text": "the board in terms of the the the"}, {"start": "00:15:10", "end": "00:15:15", "text": "interested parties you know we foresee h"}, {"start": "00:15:13", "end": "00:15:18", "text": "having exchanges on the network and"}, {"start": "00:15:15", "end": "00:15:21", "text": "having market makers and really it gives"}, {"start": "00:15:18", "end": "00:15:25", "text": "the entire you defy ecosystem this"}, {"start": "00:15:21", "end": "00:15:28", "text": "entire asset class a way to"}, {"start": "00:15:25", "end": "00:15:32", "text": "have some continuity as crypto enters"}, {"start": "00:15:28", "end": "00:15:35", "text": "this quantum age essentially a quantum"}, {"start": "00:15:32", "end": "00:15:37", "text": "alternative or a or a quantum native"}, {"start": "00:15:35", "end": "00:15:38", "text": "asset that they can start to interact"}, {"start": "00:15:37", "end": "00:15:41", "text": "with."}, {"start": "00:15:38", "end": "00:15:44", "text": ">> What has been the the response of the"}, {"start": "00:15:41", "end": "00:15:46", "text": "community both on institutional and"}, {"start": "00:15:44", "end": "00:15:48", "text": "maybe even on retail when they look at"}, {"start": "00:15:46", "end": "00:15:50", "text": "what you guys are doing?"}, {"start": "00:15:48", "end": "00:15:52", "text": ">> Yeah, I mean we've seen a a large amount"}, {"start": "00:15:50", "end": "00:15:54", "text": "of institutional"}, {"start": "00:15:52", "end": "00:15:57", "text": "interest and demand around this type of"}, {"start": "00:15:54", "end": "00:15:59", "text": "technology. Um, I mean, you have even"}, {"start": "00:15:57", "end": "00:16:02", "text": "let's let's say Michael Sailor's company"}, {"start": "00:15:59", "end": "00:16:04", "text": "come out and say, you know, we're we're"}, {"start": "00:16:02", "end": "00:16:06", "text": "going to establish this quantum this"}, {"start": "00:16:04", "end": "00:16:09", "text": "quantum task force in order to stay"}, {"start": "00:16:06", "end": "00:16:11", "text": "ahead of the game here. Um, you're also"}, {"start": "00:16:09", "end": "00:16:13", "text": "seeing, as you mentioned, uh, other"}, {"start": "00:16:11", "end": "00:16:14", "text": "blockchain foundations like the Ethereum"}, {"start": "00:16:13", "end": "00:16:17", "text": "Foundation come out and publicly"}, {"start": "00:16:14", "end": "00:16:20", "text": "established task forces here. So, we're,"}, {"start": "00:16:17", "end": "00:16:23", "text": "you know, one of many at at this point,"}, {"start": "00:16:20", "end": "00:16:24", "text": "uh, who who, let's call it, task forces"}, {"start": "00:16:23", "end": "00:16:27", "text": "who have been deployed to to solve this"}, {"start": "00:16:24", "end": "00:16:29", "text": "problem, but we're certainly probably"}, {"start": "00:16:27", "end": "00:16:31", "text": "the furthest ahead in in terms of"}, {"start": "00:16:29", "end": "00:16:35", "text": "progress. You haven't seen anyone else"}, {"start": "00:16:31", "end": "00:16:38", "text": "come out with a live deployed Canary"}, {"start": "00:16:35", "end": "00:16:40", "text": "network full of quantum resistant"}, {"start": "00:16:38", "end": "00:16:41", "text": "Bitcoin features. And this is really"}, {"start": "00:16:40", "end": "00:16:43", "text": "something that, you know, we've been"}, {"start": "00:16:41", "end": "00:16:47", "text": "working on for the past several years."}, {"start": "00:16:43", "end": "00:16:49", "text": "And we, you know, took a risk on a a"}, {"start": "00:16:47", "end": "00:16:52", "text": "number of years ago in terms of building"}, {"start": "00:16:49", "end": "00:16:53", "text": "a company around and, you know, fast"}, {"start": "00:16:52", "end": "00:16:55", "text": "forward a few years to today where"}, {"start": "00:16:53", "end": "00:16:57", "text": "quantum computing is top of mind for"}, {"start": "00:16:55", "end": "00:16:58", "text": "everybody. We just have that, you know,"}, {"start": "00:16:57", "end": "00:17:00", "text": "those years of experience under our"}, {"start": "00:16:58", "end": "00:17:02", "text": "belt."}, {"start": "00:17:00", "end": "00:17:06", "text": ">> So, okay. So, does implementing your"}, {"start": "00:17:02", "end": "00:17:08", "text": "solution prevent the need for Bitcoin to"}, {"start": "00:17:06", "end": "00:17:10", "text": "undergo a fork,"}, {"start": "00:17:08", "end": "00:17:12", "text": "a hard fork?"}, {"start": "00:17:10", "end": "00:17:13", "text": ">> I mean, yeah. So that that's a that"}, {"start": "00:17:12", "end": "00:17:15", "text": "that's a question for the Bitcoin"}, {"start": "00:17:13", "end": "00:17:18", "text": "community. Ultimately, you know, we are"}, {"start": "00:17:15", "end": "00:17:19", "text": "not the Bitcoin chain. Um this Canary"}, {"start": "00:17:18", "end": "00:17:23", "text": "network that we're running is"}, {"start": "00:17:19", "end": "00:17:25", "text": "independent of Bitcoin. Uh it would be"}, {"start": "00:17:23", "end": "00:17:27", "text": "in it would almost certainly be in"}, {"start": "00:17:25", "end": "00:17:29", "text": "Bitcoin's best interest to at least"}, {"start": "00:17:27", "end": "00:17:33", "text": "reference things that we're doing"}, {"start": "00:17:29", "end": "00:17:35", "text": "onchain since we're pushing live quantum"}, {"start": "00:17:33", "end": "00:17:37", "text": "upgrades today. And it again, it sort of"}, {"start": "00:17:35", "end": "00:17:38", "text": "serves as a map for what works and what"}, {"start": "00:17:37", "end": "00:17:40", "text": "doesn't and what the trade-offs are."}, {"start": "00:17:38", "end": "00:17:43", "text": ">> Interesting. Uh but ultimately, you"}, {"start": "00:17:40", "end": "00:17:47", "text": "know, what Bitcoin does is up to its"}, {"start": "00:17:43", "end": "00:17:48", "text": "community. I mean, I'm certainly one of"}, {"start": "00:17:47", "end": "00:17:51", "text": "many in that community, but what I do"}, {"start": "00:17:48", "end": "00:17:52", "text": "know is that Bitcoin moves extremely"}, {"start": "00:17:51", "end": "00:17:54", "text": "slowly,"}, {"start": "00:17:52", "end": "00:17:57", "text": ">> right? It's, you know, it's it's our"}, {"start": "00:17:54", "end": "00:18:01", "text": "sort of thinking that the pace or rate"}, {"start": "00:17:57", "end": "00:18:04", "text": "of change in Bitcoin doesn't quite match"}, {"start": "00:18:01", "end": "00:18:05", "text": "the rate of change needed when"}, {"start": "00:18:04", "end": "00:18:07", "text": "confronting"}, {"start": "00:18:05", "end": "00:18:09", "text": ">> exponentially"}, {"start": "00:18:07", "end": "00:18:11", "text": "increasing technologies."}, {"start": "00:18:09", "end": "00:18:12", "text": ">> Well, and and that's a problem. And"}, {"start": "00:18:11", "end": "00:18:15", "text": "we've seen this in other technology"}, {"start": "00:18:12", "end": "00:18:18", "text": "where uh the speed of change and and"}, {"start": "00:18:15", "end": "00:18:20", "text": "advancement in core architecture isn't"}, {"start": "00:18:18", "end": "00:18:22", "text": "matching out to what the market is is"}, {"start": "00:18:20", "end": "00:18:25", "text": "now faced with. if you and especially if"}, {"start": "00:18:22", "end": "00:18:28", "text": "you start to implement AI and what we're"}, {"start": "00:18:25", "end": "00:18:30", "text": "going to see here. I was just watching"}, {"start": "00:18:28", "end": "00:18:32", "text": "um a little bit on anthropic and just"}, {"start": "00:18:30", "end": "00:18:35", "text": "the element of what they've done in"}, {"start": "00:18:32", "end": "00:18:36", "text": "terms of leaping to cyber and the"}, {"start": "00:18:35", "end": "00:18:39", "text": "ability of what AI is going to be able"}, {"start": "00:18:36", "end": "00:18:42", "text": "to do in terms of finding exploits and"}, {"start": "00:18:39", "end": "00:18:44", "text": "vulnerabilities. This is a exactly what"}, {"start": "00:18:42", "end": "00:18:46", "text": "you're talking about here. So for"}, {"start": "00:18:44", "end": "00:18:48", "text": "someone who holds Bitcoin right now uh"}, {"start": "00:18:46", "end": "00:18:50", "text": "or or digital assets in general because"}, {"start": "00:18:48", "end": "00:18:52", "text": "I would assume that this is going to"}, {"start": "00:18:50", "end": "00:18:55", "text": "affect a lot of other digital assets but"}, {"start": "00:18:52", "end": "00:18:57", "text": "let's go with Bitcoin. What would be the"}, {"start": "00:18:55", "end": "00:18:59", "text": "takeaway from the research that you guys"}, {"start": "00:18:57", "end": "00:19:01", "text": "have done so far?"}, {"start": "00:18:59", "end": "00:19:04", "text": ">> I think the takeaway would be getting"}, {"start": "00:19:01", "end": "00:19:07", "text": "clear on what the quantum risks are. Our"}, {"start": "00:19:04", "end": "00:19:09", "text": "paper did a really good job articulating"}, {"start": "00:19:07", "end": "00:19:11", "text": "that the quantum risk is actually very"}, {"start": "00:19:09", "end": "00:19:14", "text": "specific and it's a specific risk on"}, {"start": "00:19:11", "end": "00:19:16", "text": "these signatures on your private keys"}, {"start": "00:19:14", "end": "00:19:19", "text": ">> and that'll help you as an individual"}, {"start": "00:19:16", "end": "00:19:22", "text": "advocate and assess evaluate different"}, {"start": "00:19:19", "end": "00:19:23", "text": "Bitcoin improvement proposals and"}, {"start": "00:19:22", "end": "00:19:24", "text": "different solutions out there on the"}, {"start": "00:19:23", "end": "00:19:25", "text": "market."}, {"start": "00:19:24", "end": "00:19:28", "text": ">> Right? If someone is talking about, you"}, {"start": "00:19:25", "end": "00:19:30", "text": "know, using a quantum computer to mine"}, {"start": "00:19:28", "end": "00:19:31", "text": "Bitcoin, they're probably not very"}, {"start": "00:19:30", "end": "00:19:33", "text": "serious"}, {"start": "00:19:31", "end": "00:19:35", "text": ">> and any, you know, associated products"}, {"start": "00:19:33", "end": "00:19:37", "text": "or proposals related to that"}, {"start": "00:19:35", "end": "00:19:37", "text": ">> should be taken with a grain of salt."}, {"start": "00:19:37", "end": "00:19:40", "text": ">> Yeah."}, {"start": "00:19:37", "end": "00:19:41", "text": ">> But if you're really looking for"}, {"start": "00:19:40", "end": "00:19:43", "text": ">> Yeah, exactly. I mean, really, we're"}, {"start": "00:19:41", "end": "00:19:46", "text": "talking about again the the energy"}, {"start": "00:19:43", "end": "00:19:49", "text": "output of of of a star in order to power"}, {"start": "00:19:46", "end": "00:19:51", "text": "a quantum computer to be able to mine"}, {"start": "00:19:49", "end": "00:19:52", "text": "Bitcoin blocks within that 10-minute"}, {"start": "00:19:51", "end": "00:19:54", "text": "time frame. something that you know"}, {"start": "00:19:52", "end": "00:19:56", "text": "classical computers are excellent at"}, {"start": "00:19:54", "end": "00:19:58", "text": "doing. Quantum computers don't achieve"}, {"start": "00:19:56", "end": "00:19:59", "text": "that same sort of advantage in the same"}, {"start": "00:19:58", "end": "00:19:59", "text": "amount of time,"}, {"start": "00:19:59", "end": "00:20:01", "text": ">> right?"}, {"start": "00:19:59", "end": "00:20:03", "text": ">> And so really what we encourage people"}, {"start": "00:20:01", "end": "00:20:04", "text": "to do is to you know look on the market"}, {"start": "00:20:03", "end": "00:20:07", "text": "for solutions that are addressing the"}, {"start": "00:20:04", "end": "00:20:08", "text": "risk at their core uh and evaluate"}, {"start": "00:20:07", "end": "00:20:11", "text": "whether that's something that they want"}, {"start": "00:20:08", "end": "00:20:13", "text": "to be a part of, advocate for, be a part"}, {"start": "00:20:11", "end": "00:20:15", "text": "of a community for uh and really push it"}, {"start": "00:20:13", "end": "00:20:17", "text": "narrative."}, {"start": "00:20:15", "end": "00:20:20", "text": ">> Chris Tam, thanks so much for uh coming"}, {"start": "00:20:17", "end": "00:20:22", "text": "in today. Um, we appreciate it cuz I"}, {"start": "00:20:20", "end": "00:20:24", "text": "think this is going to become a big"}, {"start": "00:20:22", "end": "00:20:27", "text": "topic as we move forward, which I think"}, {"start": "00:20:24", "end": "00:20:30", "text": "is uh maybe going to be especially with"}, {"start": "00:20:27", "end": "00:20:31", "text": "institutions coming at the speed that"}, {"start": "00:20:30", "end": "00:20:34", "text": "they are right now. Morgan Stanley just"}, {"start": "00:20:31", "end": "00:20:36", "text": "breaks in and many more I imagine banks"}, {"start": "00:20:34", "end": "00:20:38", "text": "are going to be on their way. So, this"}, {"start": "00:20:36", "end": "00:20:39", "text": "is going to get uh I think front page"}, {"start": "00:20:38", "end": "00:20:41", "text": "news very soon. So, thanks for all the"}, {"start": "00:20:39", "end": "00:20:43", "text": "work you guys are doing. Uh we"}, {"start": "00:20:41", "end": "00:20:47", "text": "appreciate you stopping in."}, {"start": "00:20:43", "end": "00:20:47", "text": ">> Yeah, thanks for having us Paul."}, {"start": "00:20:50", "end": "00:20:54", "text": "If you like this video, hit like and"}, {"start": "00:20:52", "end": "00:20:57", "text": "subscribe. Drop a comment down below and"}, {"start": "00:20:54", "end": "00:21:01", "text": "also join our free private member group."}, {"start": "00:20:57", "end": "00:21:01", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Congress needs to get to work out there"}, {"start": "00:00:01", "end": "00:00:05", "text": "and I'm talking now. Clarity is on the"}, {"start": "00:00:04", "end": "00:00:07", "text": "verge of maybe not going through. We'll"}, {"start": "00:00:05", "end": "00:00:11", "text": "break it down for you and we'll talk to"}, {"start": "00:00:07", "end": "00:00:12", "text": "a pro crypto candidate today. Let's just"}, {"start": "00:00:11", "end": "00:00:14", "text": "jump into it. I do want to thank our"}, {"start": "00:00:12", "end": "00:00:15", "text": "sponsor and that is Tandems. If you are"}, {"start": "00:00:14", "end": "00:00:17", "text": "into crypto, this should be on your"}, {"start": "00:00:15", "end": "00:00:19", "text": "checklist to get to become a"}, {"start": "00:00:17", "end": "00:00:21", "text": "self-custody holder of your own tokens."}, {"start": "00:00:19", "end": "00:00:23", "text": "The way you can do that is just visit"}, {"start": "00:00:21", "end": "00:00:26", "text": "tandem.com, get into your hardware"}, {"start": "00:00:23", "end": "00:00:28", "text": "wallet. Works with your phone, very easy"}, {"start": "00:00:26", "end": "00:00:30", "text": "to set up, super secure, and it is one"}, {"start": "00:00:28", "end": "00:00:32", "text": "of the best wallets out there. So you"}, {"start": "00:00:30", "end": "00:00:33", "text": "guys use it. Uh and of course use my"}, {"start": "00:00:32", "end": "00:00:35", "text": "link down below. It's going to help us"}, {"start": "00:00:33", "end": "00:00:36", "text": "out and hopefully get you in the"}, {"start": "00:00:35", "end": "00:00:39", "text": "process. And even if you're brand new on"}, {"start": "00:00:36", "end": "00:00:41", "text": "crypto, you can do this. It's very easy."}, {"start": "00:00:39", "end": "00:00:43", "text": "Don't let people think make you think"}, {"start": "00:00:41", "end": "00:00:45", "text": "it's hard. It's not. Let's go over to"}, {"start": "00:00:43", "end": "00:00:47", "text": "some of the topics. And one of the"}, {"start": "00:00:45", "end": "00:00:48", "text": "biggest ones is the Clarity Act. And"}, {"start": "00:00:47", "end": "00:00:51", "text": "where are we? Everybody's asking about"}, {"start": "00:00:48", "end": "00:00:53", "text": "it this week. It looked as though we had"}, {"start": "00:00:51", "end": "00:00:55", "text": "a little bit of openness in the early"}, {"start": "00:00:53", "end": "00:00:58", "text": "part of the week. Now what we're dealing"}, {"start": "00:00:55", "end": "00:01:00", "text": "with is that the date is starting to"}, {"start": "00:00:58", "end": "00:01:02", "text": "slip a little bit. The schedule was"}, {"start": "00:01:00", "end": "00:01:05", "text": "released for next week's schedule which"}, {"start": "00:01:02", "end": "00:01:07", "text": "did not mention a clariac markup. So are"}, {"start": "00:01:05", "end": "00:01:09", "text": "people now saying, \"Wait a minute. If"}, {"start": "00:01:07", "end": "00:01:11", "text": "this doesn't happen now or by the end of"}, {"start": "00:01:09", "end": "00:01:14", "text": "the month, does this thing die? What"}, {"start": "00:01:11", "end": "00:01:15", "text": "would happen there?\" Now, we have a proc"}, {"start": "00:01:14", "end": "00:01:18", "text": "crypto candidate because this, of"}, {"start": "00:01:15", "end": "00:01:19", "text": "course, gets into what Congress should"}, {"start": "00:01:18", "end": "00:01:22", "text": "be doing to try to pass many of these"}, {"start": "00:01:19", "end": "00:01:24", "text": "bills, but also other things around the"}, {"start": "00:01:22", "end": "00:01:26", "text": "American uh movement, I think,"}, {"start": "00:01:24", "end": "00:01:27", "text": "especially whether it's in digital"}, {"start": "00:01:26", "end": "00:01:30", "text": "assets or stuff like that. But I want to"}, {"start": "00:01:27", "end": "00:01:32", "text": "play an ad from this candidate and then"}, {"start": "00:01:30", "end": "00:01:36", "text": "we'll bring him in. Take a look. I'm Joe"}, {"start": "00:01:32", "end": "00:01:37", "text": "Sherzy and I'm [�__�] pissed off."}, {"start": "00:01:36", "end": "00:01:39", "text": "All right. So, if anybody's pissed off,"}, {"start": "00:01:37", "end": "00:01:41", "text": "it's me because we're not getting"}, {"start": "00:01:39", "end": "00:01:43", "text": "anything done. So, I wanted to bring in"}, {"start": "00:01:41", "end": "00:01:45", "text": "Joe Sherzy, uh, coming in from the"}, {"start": "00:01:43", "end": "00:01:46", "text": "seventh district of Virginia. How are"}, {"start": "00:01:45", "end": "00:01:48", "text": "you, Joe?"}, {"start": "00:01:46", "end": "00:01:50", "text": ">> I'm doing great today. Outstanding."}, {"start": "00:01:48", "end": "00:01:53", "text": ">> Excellent. First of all, uh, what is"}, {"start": "00:01:50", "end": "00:01:54", "text": "this 21st, April 21st special election"}, {"start": "00:01:53", "end": "00:01:56", "text": "for? What's it going to do?"}, {"start": "00:01:54", "end": "00:01:59", "text": ">> So, Virginia is currently in the process"}, {"start": "00:01:56", "end": "00:02:02", "text": "of having a Democratic redistricting"}, {"start": "00:01:59", "end": "00:02:05", "text": "where everyone in the state can vote to"}, {"start": "00:02:02", "end": "00:02:08", "text": "draw new congressional boundaries uh, by"}, {"start": "00:02:05", "end": "00:02:10", "text": "next Tuesday, April 21st. And uh it's"}, {"start": "00:02:08", "end": "00:02:12", "text": "really about fair maps and checks and"}, {"start": "00:02:10", "end": "00:02:15", "text": "balances. You know, America needs checks"}, {"start": "00:02:12", "end": "00:02:17", "text": "and balances to function. Personally, I"}, {"start": "00:02:15", "end": "00:02:20", "text": "think a lot of Republicans in Congress"}, {"start": "00:02:17", "end": "00:02:21", "text": "have forgotten this and allowed uh the"}, {"start": "00:02:20", "end": "00:02:25", "text": "executive branch to get away with"}, {"start": "00:02:21", "end": "00:02:27", "text": "starting illegal wars, uh firing federal"}, {"start": "00:02:25", "end": "00:02:30", "text": "workers illegally and just all all"}, {"start": "00:02:27", "end": "00:02:33", "text": "manners of corruption. Uh so in order to"}, {"start": "00:02:30", "end": "00:02:36", "text": "maintain checks and balances uh Virginia"}, {"start": "00:02:33", "end": "00:02:40", "text": "has decided okay if other states states"}, {"start": "00:02:36", "end": "00:02:42", "text": "are redistricting to uh give Republicans"}, {"start": "00:02:40", "end": "00:02:45", "text": "an unfair advantage in Texas, Ohio,"}, {"start": "00:02:42", "end": "00:02:47", "text": "North Carolina and Florida, Virginia has"}, {"start": "00:02:45", "end": "00:02:48", "text": "a chance to redistrict if the voters"}, {"start": "00:02:47", "end": "00:02:49", "text": "want us to as well."}, {"start": "00:02:48", "end": "00:02:51", "text": ">> Okay. All right. So and that happens"}, {"start": "00:02:49", "end": "00:02:53", "text": "this next week on the 21st."}, {"start": "00:02:51", "end": "00:02:55", "text": ">> That's right. So that election will go"}, {"start": "00:02:53", "end": "00:02:58", "text": "through. It will create a new district"}, {"start": "00:02:55", "end": "00:03:00", "text": "where I live in Virginia. It'll create a"}, {"start": "00:02:58", "end": "00:03:03", "text": "new seventh district with no incumbent."}, {"start": "00:03:00", "end": "00:03:04", "text": "Uh, and that is the uh the the seat that"}, {"start": "00:03:03", "end": "00:03:05", "text": "I'm running for."}, {"start": "00:03:04", "end": "00:03:08", "text": ">> All right, there you go. And of course,"}, {"start": "00:03:05", "end": "00:03:10", "text": "you guys can go to vojo.org right there,"}, {"start": "00:03:08", "end": "00:03:12", "text": "start to help participate within this."}, {"start": "00:03:10", "end": "00:03:14", "text": "What is your background with web 3 and"}, {"start": "00:03:12", "end": "00:03:16", "text": "crypto? I saw that you were in the"}, {"start": "00:03:14", "end": "00:03:18", "text": "Ethereum ecosystem, but how far back"}, {"start": "00:03:16", "end": "00:03:20", "text": "into crypto do you go?"}, {"start": "00:03:18", "end": "00:03:23", "text": ">> I first kind of got interested in like"}, {"start": "00:03:20", "end": "00:03:25", "text": "alternative financial things after 2008."}, {"start": "00:03:23", "end": "00:03:28", "text": "uh my family almost lost our home to a"}, {"start": "00:03:25", "end": "00:03:31", "text": "very very greedy system just of greedy"}, {"start": "00:03:28", "end": "00:03:32", "text": "bankers you know and it was it was a"}, {"start": "00:03:31", "end": "00:03:34", "text": "really hard time for a lot of families I"}, {"start": "00:03:32", "end": "00:03:37", "text": "think uh so I I've always kind of been"}, {"start": "00:03:34", "end": "00:03:40", "text": "drawn to kind of what what can we do to"}, {"start": "00:03:37", "end": "00:03:42", "text": "make finance more fair and more equal"}, {"start": "00:03:40", "end": "00:03:46", "text": "for working people one of the things I'"}, {"start": "00:03:42", "end": "00:03:48", "text": "I've done in Ethereum is created uh a"}, {"start": "00:03:46", "end": "00:03:50", "text": "system to borrow against tokenized"}, {"start": "00:03:48", "end": "00:03:53", "text": "renewable energy certificates so that we"}, {"start": "00:03:50", "end": "00:03:55", "text": "can fund more renewable energy other"}, {"start": "00:03:53", "end": "00:03:57", "text": "other things uh around mutual aid around"}, {"start": "00:03:55", "end": "00:04:00", "text": "Dows and around tokenization of assets"}, {"start": "00:03:57", "end": "00:04:02", "text": "that I think makes finance more open,"}, {"start": "00:04:00", "end": "00:04:04", "text": "more transparent and more fair. So in"}, {"start": "00:04:02", "end": "00:04:07", "text": "terms of Ethereum specifically, I"}, {"start": "00:04:04", "end": "00:04:07", "text": "started working at consensus in 2017."}, {"start": "00:04:07", "end": "00:04:10", "text": ">> Okay."}, {"start": "00:04:07", "end": "00:04:13", "text": ">> Um I've contributed to a lot of stable"}, {"start": "00:04:10", "end": "00:04:15", "text": "coin projects, uh municipal finance,"}, {"start": "00:04:13", "end": "00:04:17", "text": "which was trying to create municipal"}, {"start": "00:04:15", "end": "00:04:21", "text": "bondbacked stable coins so that we could"}, {"start": "00:04:17", "end": "00:04:23", "text": "fund roads and hospitals. Uh, I've also"}, {"start": "00:04:21", "end": "00:04:24", "text": "contributed to a number of of DeFi"}, {"start": "00:04:23", "end": "00:04:27", "text": "protocols over the years."}, {"start": "00:04:24", "end": "00:04:29", "text": ">> Very nice. Uh, well, listen, we need"}, {"start": "00:04:27", "end": "00:04:31", "text": "more people in Congress that understand"}, {"start": "00:04:29", "end": "00:04:33", "text": "what's going on in crypto or at least"}, {"start": "00:04:31", "end": "00:04:36", "text": "understand the basics of what's going on"}, {"start": "00:04:33", "end": "00:04:38", "text": "in crypto. You can educate the others of"}, {"start": "00:04:36", "end": "00:04:39", "text": "these feckless people that don't do"}, {"start": "00:04:38", "end": "00:04:43", "text": "anything."}, {"start": "00:04:39", "end": "00:04:45", "text": "I'm sorry, but I get, you know, I want"}, {"start": "00:04:43", "end": "00:04:47", "text": "to be an engineer, you know, but the way"}, {"start": "00:04:45", "end": "00:04:50", "text": "that this country is going, I'm just so"}, {"start": "00:04:47", "end": "00:04:50", "text": "upset about it."}, {"start": "00:04:50", "end": "00:04:52", "text": "about it personally."}, {"start": "00:04:50", "end": "00:04:54", "text": ">> Well, let's get into the one area that I"}, {"start": "00:04:52", "end": "00:04:56", "text": "know you're upset about and that is"}, {"start": "00:04:54", "end": "00:04:59", "text": "world liberty finance and everything"}, {"start": "00:04:56", "end": "00:05:01", "text": "that's happening within that."}, {"start": "00:04:59", "end": "00:05:02", "text": ">> Uh this is interesting things and I"}, {"start": "00:05:01", "end": "00:05:05", "text": "think most of people probably have seen"}, {"start": "00:05:02", "end": "00:05:06", "text": "some of the stuff that's uh been around"}, {"start": "00:05:05", "end": "00:05:09", "text": "over there on crypto Twitter and it's"}, {"start": "00:05:06", "end": "00:05:12", "text": "pretty significant. Explain your"}, {"start": "00:05:09", "end": "00:05:14", "text": "analysis of this so far. It's one of the"}, {"start": "00:05:12", "end": "00:05:16", "text": "Trump, you know, insiders groups many"}, {"start": "00:05:14", "end": "00:05:19", "text": "scams that they've pulled against the"}, {"start": "00:05:16", "end": "00:05:20", "text": "crypto community and against the the"}, {"start": "00:05:19", "end": "00:05:22", "text": "citizens of our country and the world"}, {"start": "00:05:20", "end": "00:05:24", "text": "really. They keep launching these things"}, {"start": "00:05:22", "end": "00:05:25", "text": "where they say, \"Yeah, trust us. You"}, {"start": "00:05:24", "end": "00:05:27", "text": "know, we're we're we're one of you guys."}, {"start": "00:05:25", "end": "00:05:28", "text": "You know, give us your money. Put your"}, {"start": "00:05:27", "end": "00:05:30", "text": "money in here.\" And then what do they"}, {"start": "00:05:28", "end": "00:05:32", "text": "do? They they steal all of it for"}, {"start": "00:05:30", "end": "00:05:35", "text": "themselves. They never had any intention"}, {"start": "00:05:32", "end": "00:05:38", "text": "of contributing to decentralized finance"}, {"start": "00:05:35", "end": "00:05:41", "text": "or making finance more fair. It's all a"}, {"start": "00:05:38", "end": "00:05:43", "text": "giant exit exit scam for them. and it"}, {"start": "00:05:41", "end": "00:05:45", "text": "always will be. You know, it's an entire"}, {"start": "00:05:43", "end": "00:05:47", "text": "family of con artists and I think the"}, {"start": "00:05:45", "end": "00:05:49", "text": "American people have had enough and I"}, {"start": "00:05:47", "end": "00:05:51", "text": "think everybody in web 3 world should"}, {"start": "00:05:49", "end": "00:05:53", "text": "have enough too. Stop giving them your"}, {"start": "00:05:51", "end": "00:05:54", "text": "money and stop buying their meme coins."}, {"start": "00:05:53", "end": "00:05:57", "text": ">> Well, there's definitely some drama"}, {"start": "00:05:54", "end": "00:05:59", "text": "going on between uh World Liberty Fi and"}, {"start": "00:05:57", "end": "00:06:01", "text": "Justin Sun, which has been"}, {"start": "00:05:59", "end": "00:06:03", "text": ">> starting to air out there in the open"}, {"start": "00:06:01", "end": "00:06:05", "text": "public. And you know, I think maybe on"}, {"start": "00:06:03", "end": "00:06:07", "text": "the crypto side of things, and we'll ask"}, {"start": "00:06:05", "end": "00:06:09", "text": "this in a in our lightning round with"}, {"start": "00:06:07", "end": "00:06:11", "text": "you a little bit later, but I think a"}, {"start": "00:06:09", "end": "00:06:13", "text": "lot of people are looking at this and"}, {"start": "00:06:11", "end": "00:06:15", "text": "saying, you know, this was not what"}, {"start": "00:06:13", "end": "00:06:17", "text": "Trump really when he stepped out on that"}, {"start": "00:06:15", "end": "00:06:18", "text": "stage and was talking to the Bitcoin"}, {"start": "00:06:17", "end": "00:06:20", "text": "community and said, \"Hey, we're going to"}, {"start": "00:06:18", "end": "00:06:22", "text": "fire Gendler and we're going to really"}, {"start": "00:06:20", "end": "00:06:24", "text": "start to shank things up.\" Everybody was"}, {"start": "00:06:22", "end": "00:06:27", "text": "looking at this being a revolution for"}, {"start": "00:06:24", "end": "00:06:29", "text": "crypto. And now here we are and this is"}, {"start": "00:06:27", "end": "00:06:31", "text": "one of the things. It's just another"}, {"start": "00:06:29", "end": "00:06:34", "text": "black eye that continues to to kind of"}, {"start": "00:06:31", "end": "00:06:36", "text": "haunt crypto in general. Uh, which is a"}, {"start": "00:06:34", "end": "00:06:39", "text": "problem. Do you think we will see World"}, {"start": "00:06:36", "end": "00:06:41", "text": "Liberty Fi collapse?"}, {"start": "00:06:39", "end": "00:06:43", "text": ">> Uh, I'm not going to make a a prediction"}, {"start": "00:06:41", "end": "00:06:44", "text": "like that. Uh, I would say that as a"}, {"start": "00:06:43", "end": "00:06:47", "text": "protocol, it's almost certainly"}, {"start": "00:06:44", "end": "00:06:49", "text": "worthless. I won't say what day it will"}, {"start": "00:06:47", "end": "00:06:53", "text": "collapse. uh you know it's based on code"}, {"start": "00:06:49", "end": "00:06:54", "text": "from a and other DeFi protocols that is"}, {"start": "00:06:53", "end": "00:06:56", "text": "uh has billions of dollars in it and is"}, {"start": "00:06:54", "end": "00:06:57", "text": "very reliable you know so maybe it won't"}, {"start": "00:06:56", "end": "00:06:59", "text": "collapse"}, {"start": "00:06:57", "end": "00:07:01", "text": ">> but as a protocol you can't expect con"}, {"start": "00:06:59", "end": "00:07:03", "text": "artists to maintain their code well and"}, {"start": "00:07:01", "end": "00:07:05", "text": "you can't expect them to keep their"}, {"start": "00:07:03", "end": "00:07:07", "text": "projects going especially after they've"}, {"start": "00:07:05", "end": "00:07:08", "text": "already rugged it for all of the money"}, {"start": "00:07:07", "end": "00:07:10", "text": "in it I can't believe I agree with"}, {"start": "00:07:08", "end": "00:07:12", "text": "Justin son I can't believe it"}, {"start": "00:07:10", "end": "00:07:15", "text": ">> well that's something that I was having"}, {"start": "00:07:12", "end": "00:07:17", "text": "a trouble with as well yeah is whose"}, {"start": "00:07:15", "end": "00:07:20", "text": "side do you to fall on I said, \"Well, I"}, {"start": "00:07:17", "end": "00:07:22", "text": "kind of fall on Sun's side at this point"}, {"start": "00:07:20", "end": "00:07:24", "text": "of where things are going because of"}, {"start": "00:07:22", "end": "00:07:26", "text": "just all the weirdness that seems to be"}, {"start": "00:07:24", "end": "00:07:28", "text": "happening around this.\" Uh, and it only"}, {"start": "00:07:26", "end": "00:07:31", "text": "is getting worse. When you look at some"}, {"start": "00:07:28", "end": "00:07:34", "text": "of the things that Trump has done, if"}, {"start": "00:07:31", "end": "00:07:36", "text": "anything done right, uh, the White House"}, {"start": "00:07:34", "end": "00:07:38", "text": "laid out its fixes for the housing"}, {"start": "00:07:36", "end": "00:07:40", "text": "affordability problem, this is something"}, {"start": "00:07:38", "end": "00:07:42", "text": "that the Democrats have tried to do for"}, {"start": "00:07:40", "end": "00:07:44", "text": "a long time, have been unable to do"}, {"start": "00:07:42", "end": "00:07:46", "text": "anything to really improve housing."}, {"start": "00:07:44", "end": "00:07:48", "text": "Trump is at least doing something. What"}, {"start": "00:07:46", "end": "00:07:49", "text": "do you think? Did he do a better job on"}, {"start": "00:07:48", "end": "00:07:51", "text": "housing the housing crisis than"}, {"start": "00:07:49", "end": "00:07:53", "text": "Democrats?"}, {"start": "00:07:51", "end": "00:07:54", "text": ">> Definitely not. I'll push back on the"}, {"start": "00:07:53", "end": "00:07:56", "text": "idea that Democrats aren't doing enough"}, {"start": "00:07:54", "end": "00:07:58", "text": "work on housing. You know, I've been an"}, {"start": "00:07:56", "end": "00:08:02", "text": "affordable housing activist in Virginia"}, {"start": "00:07:58", "end": "00:08:03", "text": "for several years and uh been working on"}, {"start": "00:08:02", "end": "00:08:06", "text": "getting more affordable housing built in"}, {"start": "00:08:03", "end": "00:08:08", "text": "Arlington, Fairfax, false church um"}, {"start": "00:08:06", "end": "00:08:10", "text": "through Nova Yimies, through false"}, {"start": "00:08:08", "end": "00:08:12", "text": "church forward and many other kind of"}, {"start": "00:08:10", "end": "00:08:14", "text": "local organizations that I've been"}, {"start": "00:08:12", "end": "00:08:16", "text": "contributing to. Look, it it comes down"}, {"start": "00:08:14", "end": "00:08:17", "text": "to supply and demand. It's a market,"}, {"start": "00:08:16", "end": "00:08:19", "text": "okay?"}, {"start": "00:08:17", "end": "00:08:22", "text": ">> And we have to build more affordable"}, {"start": "00:08:19", "end": "00:08:26", "text": "housing. We can't only put money into"}, {"start": "00:08:22", "end": "00:08:27", "text": "subsidies for the demand side. We have"}, {"start": "00:08:26", "end": "00:08:30", "text": "to increase the supply of affordable"}, {"start": "00:08:27", "end": "00:08:32", "text": "housing a lot because working people are"}, {"start": "00:08:30", "end": "00:08:35", "text": "suffering and the housing market is just"}, {"start": "00:08:32", "end": "00:08:37", "text": "out of control. So I I've even put"}, {"start": "00:08:35", "end": "00:08:39", "text": "forward that I think we should declare a"}, {"start": "00:08:37", "end": "00:08:41", "text": "national housing emergency and start"}, {"start": "00:08:39", "end": "00:08:43", "text": "treating the crisis that it is like we"}, {"start": "00:08:41", "end": "00:08:45", "text": "did after World War II when the troops"}, {"start": "00:08:43", "end": "00:08:48", "text": "came home and we just started building."}, {"start": "00:08:45", "end": "00:08:50", "text": ">> How would that affordable housing be"}, {"start": "00:08:48", "end": "00:08:52", "text": "able to take where would the money come"}, {"start": "00:08:50", "end": "00:08:52", "text": "from? How would that get funded to the"}, {"start": "00:08:52", "end": "00:08:54", "text": "level that you're"}, {"start": "00:08:52", "end": "00:08:57", "text": ">> talking? So I mean sure let me give you"}, {"start": "00:08:54", "end": "00:09:00", "text": "an example. There's a apartment complex"}, {"start": "00:08:57", "end": "00:09:03", "text": "in Arlington called Turwilliger Place"}, {"start": "00:09:00", "end": "00:09:06", "text": "and it is on top of a foreign uh excuse"}, {"start": "00:09:03", "end": "00:09:09", "text": "me an American Legion post which used to"}, {"start": "00:09:06", "end": "00:09:11", "text": "be a uh mostly a parking lot and a"}, {"start": "00:09:09", "end": "00:09:15", "text": "single family or a singlestory building"}, {"start": "00:09:11", "end": "00:09:18", "text": "and now it's 160 apartments half of them"}, {"start": "00:09:15", "end": "00:09:20", "text": "reserved for veterans and all affordable"}, {"start": "00:09:18", "end": "00:09:22", "text": "all more affordable in Arlington which"}, {"start": "00:09:20", "end": "00:09:24", "text": "is one of the most expensive housing"}, {"start": "00:09:22", "end": "00:09:26", "text": "markets in the entire country. So by"}, {"start": "00:09:24", "end": "00:09:29", "text": "taking land that the federal government"}, {"start": "00:09:26", "end": "00:09:31", "text": "already has and funding it with loans"}, {"start": "00:09:29", "end": "00:09:33", "text": "that pay interest to the taxpayers,"}, {"start": "00:09:31", "end": "00:09:35", "text": "right? So that that was not just funded"}, {"start": "00:09:33", "end": "00:09:37", "text": "with public money. It was funded with"}, {"start": "00:09:35", "end": "00:09:40", "text": "low interest loans, right? So that"}, {"start": "00:09:37", "end": "00:09:43", "text": "actually uh had a positive ROI for the"}, {"start": "00:09:40", "end": "00:09:45", "text": "taxpayers in terms of actual dollars."}, {"start": "00:09:43", "end": "00:09:47", "text": "Plus a lot of homes got built for"}, {"start": "00:09:45", "end": "00:09:49", "text": "families and veterans in our community."}, {"start": "00:09:47", "end": "00:09:51", "text": "You know, those are the type of projects"}, {"start": "00:09:49", "end": "00:09:52", "text": "that we need to support. So there's tons"}, {"start": "00:09:51", "end": "00:09:53", "text": "of federal land."}, {"start": "00:09:52", "end": "00:09:55", "text": ">> I was going to say, is there enough of"}, {"start": "00:09:53", "end": "00:09:58", "text": "that out there to where you can"}, {"start": "00:09:55", "end": "00:10:00", "text": ">> tons of federal land in our cities, VFW"}, {"start": "00:09:58", "end": "00:10:04", "text": "posts, there are Boy Scout posts, there"}, {"start": "00:10:00", "end": "00:10:06", "text": "are Amtrak stations. Everyone that has a"}, {"start": "00:10:04", "end": "00:10:08", "text": "charter from Congress, like all those"}, {"start": "00:10:06", "end": "00:10:10", "text": "veterans organizations that I mentioned,"}, {"start": "00:10:08", "end": "00:10:13", "text": "should be able to use the interstate"}, {"start": "00:10:10", "end": "00:10:15", "text": "commerce clause to not follow uh state"}, {"start": "00:10:13", "end": "00:10:17", "text": "state zoning requirements and be able to"}, {"start": "00:10:15", "end": "00:10:19", "text": "build as much affordable housing on"}, {"start": "00:10:17", "end": "00:10:21", "text": "their land as they want, right? so that"}, {"start": "00:10:19", "end": "00:10:23", "text": "we can get creative and we can unlock"}, {"start": "00:10:21", "end": "00:10:25", "text": "this without having a huge cost burden"}, {"start": "00:10:23", "end": "00:10:27", "text": "and actually make money for the"}, {"start": "00:10:25", "end": "00:10:29", "text": "taxpayers and meet the needs of our"}, {"start": "00:10:27", "end": "00:10:30", "text": "communities. We can do that if we have"}, {"start": "00:10:29", "end": "00:10:32", "text": "leaders who are willing to."}, {"start": "00:10:30", "end": "00:10:35", "text": ">> Right? So that's my question. Leaders"}, {"start": "00:10:32", "end": "00:10:37", "text": "that are willing to why I mean if this"}, {"start": "00:10:35", "end": "00:10:39", "text": "is available, why have we not seen this"}, {"start": "00:10:37", "end": "00:10:41", "text": "being done whether it's even with the"}, {"start": "00:10:39", "end": "00:10:42", "text": "current administration or even the past"}, {"start": "00:10:41", "end": "00:10:45", "text": "administration?"}, {"start": "00:10:42", "end": "00:10:47", "text": ">> You're right. I I think a lot of leaders"}, {"start": "00:10:45", "end": "00:10:48", "text": "Yeah. a you're totally right to ask"}, {"start": "00:10:47", "end": "00:10:50", "text": "that. You know, I think a lot of leaders"}, {"start": "00:10:48", "end": "00:10:53", "text": "have not taken the housing crisis"}, {"start": "00:10:50", "end": "00:10:54", "text": "seriously or they've said at the federal"}, {"start": "00:10:53", "end": "00:10:57", "text": "level, they're in Congress and they're"}, {"start": "00:10:54", "end": "00:10:59", "text": "saying that's just a state issue. That's"}, {"start": "00:10:57", "end": "00:11:01", "text": "just a city issue. We don't want to get"}, {"start": "00:10:59", "end": "00:11:02", "text": "involved. And that's that's been a"}, {"start": "00:11:01", "end": "00:11:04", "text": "mistake that has brought us to the"}, {"start": "00:11:02", "end": "00:11:06", "text": "crisis that we are today. So that's why"}, {"start": "00:11:04", "end": "00:11:09", "text": "I'm running to to take housing"}, {"start": "00:11:06", "end": "00:11:11", "text": "affordability seriously and running as"}, {"start": "00:11:09", "end": "00:11:12", "text": "the affordable housing candidate in my"}, {"start": "00:11:11", "end": "00:11:14", "text": "community. Well, I think this is well,"}, {"start": "00:11:12", "end": "00:11:16", "text": "first of all, that affordable h housing,"}, {"start": "00:11:14", "end": "00:11:19", "text": "but I think affordability for Americans"}, {"start": "00:11:16", "end": "00:11:22", "text": "is a huge issue right now. Uh that gets"}, {"start": "00:11:19", "end": "00:11:24", "text": "in to the topic of stable coins. We'll"}, {"start": "00:11:22", "end": "00:11:27", "text": "talk about that here in a second. But"}, {"start": "00:11:24", "end": "00:11:29", "text": "clarity of course is brewing. I wanted"}, {"start": "00:11:27", "end": "00:11:31", "text": "and clarity being for many of you know"}, {"start": "00:11:29", "end": "00:11:33", "text": "that this is going to have a major"}, {"start": "00:11:31", "end": "00:11:35", "text": "impact on crypto in general. What we've"}, {"start": "00:11:33", "end": "00:11:36", "text": "done is we prepared our lightning round"}, {"start": "00:11:35", "end": "00:11:38", "text": "and we do this with our political"}, {"start": "00:11:36", "end": "00:11:40", "text": "candidates when they come on. It's a"}, {"start": "00:11:38", "end": "00:11:41", "text": "lightning round. We had John Deon on uh"}, {"start": "00:11:40", "end": "00:11:44", "text": "here recently. he's running up in"}, {"start": "00:11:41", "end": "00:11:47", "text": "Massachusetts. Uh, and I wanted to go"}, {"start": "00:11:44", "end": "00:11:49", "text": "through the list with you. First up is"}, {"start": "00:11:47", "end": "00:11:52", "text": "if stable coin yields of any kind are"}, {"start": "00:11:49", "end": "00:11:54", "text": "banned, but everything else in clarity"}, {"start": "00:11:52", "end": "00:11:56", "text": "would be fine. Would you vote for it if"}, {"start": "00:11:54", "end": "00:11:58", "text": "you were in in Congress right now?"}, {"start": "00:11:56", "end": "00:11:59", "text": ">> Probably. I mean, if if that's the"}, {"start": "00:11:58", "end": "00:12:01", "text": "compromise that it takes to have"}, {"start": "00:11:59", "end": "00:12:04", "text": "clarity, we have to have clarity on"}, {"start": "00:12:01", "end": "00:12:06", "text": "crypto assets, right? We have to go"}, {"start": "00:12:04", "end": "00:12:08", "text": "after people who are doing crimes and"}, {"start": "00:12:06", "end": "00:12:10", "text": "doing scams. It's going to be easier to"}, {"start": "00:12:08", "end": "00:12:13", "text": "have uh government agencies going after"}, {"start": "00:12:10", "end": "00:12:15", "text": "the bad guys when we have clear rules"}, {"start": "00:12:13", "end": "00:12:15", "text": "about what the good guys should follow."}, {"start": "00:12:15", "end": "00:12:17", "text": "Yeah."}, {"start": "00:12:15", "end": "00:12:18", "text": ">> Right. So we have we have to get these"}, {"start": "00:12:17", "end": "00:12:20", "text": "kind of things passed."}, {"start": "00:12:18", "end": "00:12:23", "text": ">> Okay. So my question to you would be if"}, {"start": "00:12:20", "end": "00:12:25", "text": "you say yes on that the that's the banks"}, {"start": "00:12:23", "end": "00:12:28", "text": "winning and that that of course pulls"}, {"start": "00:12:25", "end": "00:12:30", "text": "away you know basic yield that Americans"}, {"start": "00:12:28", "end": "00:12:32", "text": "are earning today whether it's on"}, {"start": "00:12:30", "end": "00:12:33", "text": "Coinbase or Uphold or any of their"}, {"start": "00:12:32", "end": "00:12:36", "text": "platforms out there where they're"}, {"start": "00:12:33", "end": "00:12:39", "text": "drawing in yield right now. Wouldn't"}, {"start": "00:12:36", "end": "00:12:41", "text": "that a directly hit at affordability?"}, {"start": "00:12:39", "end": "00:12:43", "text": ">> I I would like stable coins to pass on"}, {"start": "00:12:41", "end": "00:12:46", "text": "yield, especially to uh if they're"}, {"start": "00:12:43", "end": "00:12:48", "text": "backed by AAA rated municipal bonds."}, {"start": "00:12:46", "end": "00:12:51", "text": "Maybe they could even be passing on tax"}, {"start": "00:12:48", "end": "00:12:53", "text": "advantages. We want people's money to be"}, {"start": "00:12:51", "end": "00:12:56", "text": "giving them yields safely, right? Stable"}, {"start": "00:12:53", "end": "00:12:58", "text": "coins in clarity, ingenious, it requires"}, {"start": "00:12:56", "end": "00:13:00", "text": "that they're backed by US treasuries,"}, {"start": "00:12:58", "end": "00:13:02", "text": "right? So, you have to have this level"}, {"start": "00:13:00", "end": "00:13:04", "text": "of quality. if we're reaching that, you"}, {"start": "00:13:02", "end": "00:13:06", "text": "know, maybe yield makes a lot more"}, {"start": "00:13:04", "end": "00:13:08", "text": "sense. But, uh, in terms of getting it"}, {"start": "00:13:06", "end": "00:13:10", "text": "passed, I think the question was if"}, {"start": "00:13:08", "end": "00:13:11", "text": "everything else was agreed upon, if that"}, {"start": "00:13:10", "end": "00:13:13", "text": "was the compromise."}, {"start": "00:13:11", "end": "00:13:17", "text": ">> Yeah, the compromise because everything"}, {"start": "00:13:13", "end": "00:13:19", "text": "else defi, privacy, self-custody, all"}, {"start": "00:13:17", "end": "00:13:19", "text": "the good things that are in clarity"}, {"start": "00:13:19", "end": "00:13:22", "text": "right now."}, {"start": "00:13:19", "end": "00:13:24", "text": ">> Uh, it is a it is a hard one."}, {"start": "00:13:22", "end": "00:13:25", "text": ">> It is a hard one. I I think for a lot of"}, {"start": "00:13:24", "end": "00:13:28", "text": "people in the crypto community, they"}, {"start": "00:13:25", "end": "00:13:31", "text": "it's very diff for them to give up to"}, {"start": "00:13:28", "end": "00:13:33", "text": "the banks. The future of finance in"}, {"start": "00:13:31", "end": "00:13:35", "text": "general would would literally fall back"}, {"start": "00:13:33", "end": "00:13:37", "text": "into the hands of the banks, you know,"}, {"start": "00:13:35", "end": "00:13:39", "text": "in terms of innovation and it would kind"}, {"start": "00:13:37", "end": "00:13:41", "text": "of stifle, I would think, a lot of"}, {"start": "00:13:39", "end": "00:13:43", "text": "innovation on the crypto side because"}, {"start": "00:13:41", "end": "00:13:44", "text": "this has been kind of a secret weapon"}, {"start": "00:13:43", "end": "00:13:46", "text": "even though it's only a$2 and half"}, {"start": "00:13:44", "end": "00:13:48", "text": "trillion dollar market right now."}, {"start": "00:13:46", "end": "00:13:48", "text": ">> I don't know. I don't know, man. I think"}, {"start": "00:13:48", "end": "00:13:49", "text": "uh"}, {"start": "00:13:48", "end": "00:13:51", "text": ">> it's a hard one."}, {"start": "00:13:49", "end": "00:13:54", "text": ">> We we we have to have clarity. We we"}, {"start": "00:13:51", "end": "00:13:56", "text": "have to go for clarity and uh you know"}, {"start": "00:13:54", "end": "00:13:57", "text": "the the compromises that we make have to"}, {"start": "00:13:56", "end": "00:14:00", "text": "be about safety. You don't want"}, {"start": "00:13:57", "end": "00:14:02", "text": "situations where the banks just control"}, {"start": "00:14:00", "end": "00:14:04", "text": "everybody's money and and and just you"}, {"start": "00:14:02", "end": "00:14:07", "text": "know recreate 2008. You know the banks"}, {"start": "00:14:04", "end": "00:14:09", "text": "loved everything that they had going"}, {"start": "00:14:07", "end": "00:14:11", "text": "into the 2008 crisis, right? And look"}, {"start": "00:14:09", "end": "00:14:13", "text": "how much human suffering they created."}, {"start": "00:14:11", "end": "00:14:14", "text": ">> It was bad. It was bad. 2008 was"}, {"start": "00:14:13", "end": "00:14:17", "text": "absolutely terrible. I I don't think"}, {"start": "00:14:14", "end": "00:14:19", "text": "people really realize how bad that was."}, {"start": "00:14:17", "end": "00:14:20", "text": "Many people don't and were not around at"}, {"start": "00:14:19", "end": "00:14:22", "text": "that time at least"}, {"start": "00:14:20", "end": "00:14:24", "text": ">> in the area of business, you know, where"}, {"start": "00:14:22", "end": "00:14:26", "text": "things were happening or they were in"}, {"start": "00:14:24", "end": "00:14:28", "text": "maybe in a family like what you ran"}, {"start": "00:14:26", "end": "00:14:30", "text": "into. Uh I'm going to be faster on these"}, {"start": "00:14:28", "end": "00:14:33", "text": "so we can get them all in. What would"}, {"start": "00:14:30", "end": "00:14:35", "text": "Trump Okay. Would Trump sign the Clarity"}, {"start": "00:14:33", "end": "00:14:36", "text": "bill if it includes anything targeting"}, {"start": "00:14:35", "end": "00:14:39", "text": "his crypto schemes?"}, {"start": "00:14:36", "end": "00:14:41", "text": ">> I would be shocked if he signed any law"}, {"start": "00:14:39", "end": "00:14:43", "text": "that said I'm not allowed to get away"}, {"start": "00:14:41", "end": "00:14:44", "text": "with my, you know, multi-billion dollar"}, {"start": "00:14:43", "end": "00:14:46", "text": "crypto scams."}, {"start": "00:14:44", "end": "00:14:48", "text": ">> Impossible that that would happen. I"}, {"start": "00:14:46", "end": "00:14:51", "text": "don't think I don't think he would if we"}, {"start": "00:14:48", "end": "00:14:53", "text": "set this laws that say, \"Hey, uh, this"}, {"start": "00:14:51", "end": "00:14:55", "text": "memecoin scam that the president pulled"}, {"start": "00:14:53", "end": "00:14:58", "text": "is illegal and he should be in jail for"}, {"start": "00:14:55", "end": "00:15:00", "text": "doing it and the investors have rights.\""}, {"start": "00:14:58", "end": "00:15:02", "text": "That would be very bad for him. And one"}, {"start": "00:15:00", "end": "00:15:03", "text": "thing that we know about President Trump"}, {"start": "00:15:02", "end": "00:15:04", "text": "is that he always does what's best for"}, {"start": "00:15:03", "end": "00:15:06", "text": "him."}, {"start": "00:15:04", "end": "00:15:08", "text": ">> Next up, would you blame who would you"}, {"start": "00:15:06", "end": "00:15:11", "text": "blame most right now if clarity doesn't"}, {"start": "00:15:08", "end": "00:15:11", "text": "pass? Would you blame uh Republican"}, {"start": "00:15:11", "end": "00:15:13", "text": "senators?"}, {"start": "00:15:11", "end": "00:15:14", "text": ">> I would blame people who voted against"}, {"start": "00:15:13", "end": "00:15:14", "text": "it."}, {"start": "00:15:14", "end": "00:15:16", "text": ">> Okay."}, {"start": "00:15:14", "end": "00:15:18", "text": ">> Sorry, that's not No, sorry. That's not"}, {"start": "00:15:16", "end": "00:15:20", "text": "the answer you're you're looking for. I"}, {"start": "00:15:18", "end": "00:15:22", "text": "mean, we don't know who's voting. We"}, {"start": "00:15:20", "end": "00:15:22", "text": "don't It hasn't been put to a vote yet,"}, {"start": "00:15:22", "end": "00:15:24", "text": "right? So,"}, {"start": "00:15:22", "end": "00:15:26", "text": ">> well, let's assume it even goes maybe it"}, {"start": "00:15:24", "end": "00:15:28", "text": "doesn't even go to a vote."}, {"start": "00:15:26", "end": "00:15:30", "text": ">> This is the concern right now is it"}, {"start": "00:15:28", "end": "00:15:32", "text": "maybe it never makes it to the to the"}, {"start": "00:15:30", "end": "00:15:33", "text": "floor. So, I'm going to go no answer on"}, {"start": "00:15:32", "end": "00:15:36", "text": "that just because it it's kind of a"}, {"start": "00:15:33", "end": "00:15:38", "text": "vague a vague one. Um, what would or"}, {"start": "00:15:36", "end": "00:15:42", "text": "what should World Liberty FI be held"}, {"start": "00:15:38", "end": "00:15:46", "text": "most allegedly accountable for here? pay"}, {"start": "00:15:42", "end": "00:15:48", "text": "to play disclosure, foreign bribes,"}, {"start": "00:15:46", "end": "00:15:49", "text": "deleting stuff and covering up. What do"}, {"start": "00:15:48", "end": "00:15:52", "text": "you What do you think?"}, {"start": "00:15:49", "end": "00:15:54", "text": ">> To me, I think investor disclosure uh"}, {"start": "00:15:52", "end": "00:15:56", "text": "has been breached when they're saying,"}, {"start": "00:15:54", "end": "00:15:57", "text": "\"Oh, you know, this is how many tokens"}, {"start": "00:15:56", "end": "00:15:59", "text": "they are, and they're not they're not"}, {"start": "00:15:57", "end": "00:16:01", "text": "disclosing how many governance tokens"}, {"start": "00:15:59", "end": "00:16:03", "text": "they actually control and what the float"}, {"start": "00:16:01", "end": "00:16:05", "text": "is.\" That's not how investment works."}, {"start": "00:16:03", "end": "00:16:07", "text": "That's not how uh securities works. If"}, {"start": "00:16:05", "end": "00:16:09", "text": "you want to do these kind of fundraises"}, {"start": "00:16:07", "end": "00:16:11", "text": "and and run these kind of companies, you"}, {"start": "00:16:09", "end": "00:16:13", "text": "have to follow disclosure laws. You have"}, {"start": "00:16:11", "end": "00:16:15", "text": "to follow security laws and the Trump"}, {"start": "00:16:13", "end": "00:16:17", "text": "administration and their their family"}, {"start": "00:16:15", "end": "00:16:19", "text": "insiders are not above the law."}, {"start": "00:16:17", "end": "00:16:21", "text": ">> Yeah, I I think we already answered this"}, {"start": "00:16:19", "end": "00:16:24", "text": "question earlier. You said you hate to"}, {"start": "00:16:21", "end": "00:16:26", "text": "side, but you would side with Justin."}, {"start": "00:16:24", "end": "00:16:29", "text": ">> I'm shocked I'm on Justin Sun's side."}, {"start": "00:16:26", "end": "00:16:31", "text": "I'm not uh I'm I'm I'm not going to say"}, {"start": "00:16:29", "end": "00:16:31", "text": "anything negative about anybody here."}, {"start": "00:16:31", "end": "00:16:33", "text": ">> Not a problem."}, {"start": "00:16:31", "end": "00:16:35", "text": ">> I I think that's very easy to get behind"}, {"start": "00:16:33", "end": "00:16:37", "text": "because it's very clear that they're"}, {"start": "00:16:35", "end": "00:16:37", "text": "just stealing money from from investors"}, {"start": "00:16:37", "end": "00:16:39", "text": "to"}, {"start": "00:16:37", "end": "00:16:41", "text": ">> I look at it this way. If I had to side,"}, {"start": "00:16:39", "end": "00:16:43", "text": "I'm just siding with crypto, you know,"}, {"start": "00:16:41", "end": "00:16:45", "text": "and Justin happens to be in crypto, so I"}, {"start": "00:16:43", "end": "00:16:47", "text": "would side with crypto in general. If"}, {"start": "00:16:45", "end": "00:16:50", "text": "World Liberty Fi collapses, who would"}, {"start": "00:16:47", "end": "00:16:50", "text": "the Dems uh scorch more? Trump or"}, {"start": "00:16:50", "end": "00:16:52", "text": "crypto?"}, {"start": "00:16:50", "end": "00:16:55", "text": ">> I mean, both. And so many people's"}, {"start": "00:16:52", "end": "00:16:58", "text": "minds, those are the same thing, right?"}, {"start": "00:16:55", "end": "00:17:02", "text": "And we've we as you know, developers or"}, {"start": "00:16:58", "end": "00:17:03", "text": "proponents of this technology have"}, {"start": "00:17:02", "end": "00:17:06", "text": "completely failed"}, {"start": "00:17:03", "end": "00:17:09", "text": ">> for something that somebody's using the"}, {"start": "00:17:06", "end": "00:17:11", "text": "tool for. we, you know, spent all this"}, {"start": "00:17:09", "end": "00:17:13", "text": "time telling people blockchain's going"}, {"start": "00:17:11", "end": "00:17:14", "text": "to do all these great things and it"}, {"start": "00:17:13", "end": "00:17:16", "text": "hasn't, you know, it hasn't materially"}, {"start": "00:17:14", "end": "00:17:19", "text": "improved the average person's life. All"}, {"start": "00:17:16", "end": "00:17:21", "text": "they've heard about it is, uh, these"}, {"start": "00:17:19", "end": "00:17:23", "text": "crypto bros funded the Trump campaign"}, {"start": "00:17:21", "end": "00:17:25", "text": "two years ago and keep funding all these"}, {"start": "00:17:23", "end": "00:17:27", "text": "Republicans. That's what that is"}, {"start": "00:17:25", "end": "00:17:28", "text": "attached to now. You know, it's it's"}, {"start": "00:17:27", "end": "00:17:28", "text": "unfortunate. It didn't have to be that"}, {"start": "00:17:28", "end": "00:17:30", "text": "way."}, {"start": "00:17:28", "end": "00:17:32", "text": ">> Reality is perception."}, {"start": "00:17:30", "end": "00:17:34", "text": ">> Technology that helps us fund renewable"}, {"start": "00:17:32", "end": "00:17:36", "text": "energy. It can be a technology that"}, {"start": "00:17:34", "end": "00:17:38", "text": "helps us with mutual aid. can be a"}, {"start": "00:17:36", "end": "00:17:41", "text": "technology that helps us preserve uh you"}, {"start": "00:17:38", "end": "00:17:43", "text": "know private payments between doctors"}, {"start": "00:17:41", "end": "00:17:45", "text": "and patients for getting any type of"}, {"start": "00:17:43", "end": "00:17:45", "text": "medicine or procedures that they need,"}, {"start": "00:17:45", "end": "00:17:46", "text": "right?"}, {"start": "00:17:45", "end": "00:17:48", "text": ">> You know, those are things that I care"}, {"start": "00:17:46", "end": "00:17:50", "text": "about. This is a technology that allows"}, {"start": "00:17:48", "end": "00:17:52", "text": "us to do those. It's it's unfortunate"}, {"start": "00:17:50", "end": "00:17:53", "text": "that the money in crypto has gone to"}, {"start": "00:17:52", "end": "00:17:56", "text": "Republicans"}, {"start": "00:17:53", "end": "00:17:58", "text": ">> and that the the Trump insiders have"}, {"start": "00:17:56", "end": "00:18:00", "text": "been able to kind of scam everybody and"}, {"start": "00:17:58", "end": "00:18:03", "text": "pull the wool over over uh the eyes of"}, {"start": "00:18:00", "end": "00:18:05", "text": "so many of my colleagues. But uh it"}, {"start": "00:18:03", "end": "00:18:07", "text": "doesn't have to be that way. All right,"}, {"start": "00:18:05", "end": "00:18:09", "text": "let's go to this next one. Uh, who did"}, {"start": "00:18:07", "end": "00:18:12", "text": "AI and cryptozar"}, {"start": "00:18:09", "end": "00:18:15", "text": "David Sachs benefit the most? The"}, {"start": "00:18:12", "end": "00:18:16", "text": "lobbies, the monopolies, the maxis, or"}, {"start": "00:18:15", "end": "00:18:19", "text": "his own ventures?"}, {"start": "00:18:16", "end": "00:18:20", "text": ">> Yeah, podcast hosts."}, {"start": "00:18:19", "end": "00:18:22", "text": ">> You know, okay."}, {"start": "00:18:20", "end": "00:18:24", "text": ">> Who who has really benefited in the in"}, {"start": "00:18:22", "end": "00:18:26", "text": "the long term from these Trump policies?"}, {"start": "00:18:24", "end": "00:18:27", "text": "I I haven't seen it."}, {"start": "00:18:26", "end": "00:18:28", "text": ">> Let's go to this one. Who should Trump"}, {"start": "00:18:27", "end": "00:18:30", "text": "fire next?"}, {"start": "00:18:28", "end": "00:18:32", "text": ">> Heg Seth. Heg Seth should be in prison."}, {"start": "00:18:30", "end": "00:18:34", "text": "It's ridiculous that after adding"}, {"start": "00:18:32", "end": "00:18:38", "text": "reporters to uh you know his his signal"}, {"start": "00:18:34", "end": "00:18:40", "text": "chat that he wasn't canned immediately"}, {"start": "00:18:38", "end": "00:18:43", "text": "a big problem. Yeah. Not a single penny"}, {"start": "00:18:40", "end": "00:18:45", "text": "should be sent to Israel or Iran war"}, {"start": "00:18:43", "end": "00:18:47", "text": "efforts. Do you agree?"}, {"start": "00:18:45", "end": "00:18:49", "text": ">> Yeah. We shouldn't start illegal wars."}, {"start": "00:18:47", "end": "00:18:53", "text": ">> But that's not the question. Is money"}, {"start": "00:18:49", "end": "00:18:54", "text": "sent to Israel or the Iran war efforts?"}, {"start": "00:18:53", "end": "00:18:55", "text": ">> No. We should we shouldn't be we"}, {"start": "00:18:54", "end": "00:18:57", "text": "shouldn't be sending it. We shouldn't be"}, {"start": "00:18:55", "end": "00:19:00", "text": "funding any any illegal wars."}, {"start": "00:18:57", "end": "00:19:02", "text": ">> No money. Netanyahu. You get no money. I"}, {"start": "00:19:00", "end": "00:19:05", "text": "will never take back or take, and this"}, {"start": "00:19:02", "end": "00:19:07", "text": "is a hard one. Uh, we asked John this. I"}, {"start": "00:19:05", "end": "00:19:07", "text": "will never take bank lobby money or APAC"}, {"start": "00:19:07", "end": "00:19:09", "text": "money."}, {"start": "00:19:07", "end": "00:19:11", "text": ">> Easy question. I'll never take bank"}, {"start": "00:19:09", "end": "00:19:14", "text": "lobby money or APAC money."}, {"start": "00:19:11", "end": "00:19:18", "text": ">> Okay, easy. Who poses a bigger threat to"}, {"start": "00:19:14", "end": "00:19:20", "text": "America? Musk or foreign dictators?"}, {"start": "00:19:18", "end": "00:19:22", "text": ">> Uh, I mean, these are shock. The overlap"}, {"start": "00:19:20", "end": "00:19:24", "text": "on these and the relationships can be"}, {"start": "00:19:22", "end": "00:19:27", "text": "very shocking. I'll I'll say Musk and"}, {"start": "00:19:24", "end": "00:19:31", "text": "Monopolies because right now America"}, {"start": "00:19:27", "end": "00:19:34", "text": "needs to to focus on uh affordable"}, {"start": "00:19:31", "end": "00:19:36", "text": "housing on the environment and"}, {"start": "00:19:34", "end": "00:19:38", "text": "government accountability and Elon Musk"}, {"start": "00:19:36", "end": "00:19:39", "text": "and the monopolies in America are just"}, {"start": "00:19:38", "end": "00:19:40", "text": "working against the average American"}, {"start": "00:19:39", "end": "00:19:42", "text": "constantly on those."}, {"start": "00:19:40", "end": "00:19:45", "text": ">> How would you fix healthcare right now?"}, {"start": "00:19:42", "end": "00:19:49", "text": "Increase ACA, Medicare for all,"}, {"start": "00:19:45", "end": "00:19:49", "text": "privatize, or some other BS plan as they"}, {"start": "00:19:49", "end": "00:19:50", "text": "say?"}, {"start": "00:19:49", "end": "00:19:51", "text": ">> Medicare for all."}, {"start": "00:19:50", "end": "00:19:53", "text": ">> Okay, Medicare for all. Oh, you're going"}, {"start": "00:19:51", "end": "00:19:56", "text": "to you're on we have guys in the in the"}, {"start": "00:19:53", "end": "00:19:58", "text": "studio' be happy to hear you say that"}, {"start": "00:19:56", "end": "00:20:00", "text": "Bitcoin mining in Virginia is"}, {"start": "00:19:58", "end": "00:20:01", "text": "contributing to rising energy prices. Do"}, {"start": "00:20:00", "end": "00:20:04", "text": "you think that's happening?"}, {"start": "00:20:01", "end": "00:20:07", "text": ">> Rising energy prices are because the"}, {"start": "00:20:04", "end": "00:20:10", "text": "president illegally started bombing"}, {"start": "00:20:07", "end": "00:20:12", "text": "Iran. Probably Bitcoin mining is"}, {"start": "00:20:10", "end": "00:20:14", "text": "contributing. We have some of the most"}, {"start": "00:20:12", "end": "00:20:17", "text": "data centers anywhere in the entire"}, {"start": "00:20:14", "end": "00:20:20", "text": "world here in Virginia. And it's unfair"}, {"start": "00:20:17", "end": "00:20:22", "text": "to ask mom and pop down the road to"}, {"start": "00:20:20", "end": "00:20:24", "text": "compete in the same market with Amazon"}, {"start": "00:20:22", "end": "00:20:26", "text": "and Google, you know. So data centers"}, {"start": "00:20:24", "end": "00:20:28", "text": "are raising energy prices. That's that's"}, {"start": "00:20:26", "end": "00:20:31", "text": "a reality. I don't know how much of"}, {"start": "00:20:28", "end": "00:20:32", "text": "those are are Bitcoin mining or uh are"}, {"start": "00:20:31", "end": "00:20:35", "text": "actively in Virginia."}, {"start": "00:20:32", "end": "00:20:37", "text": ">> It probably should say AI and Bitcoin"}, {"start": "00:20:35", "end": "00:20:39", "text": "mining. AI and tech in general."}, {"start": "00:20:37", "end": "00:20:40", "text": ">> If if you put it all together,"}, {"start": "00:20:39", "end": "00:20:43", "text": "absolutely. It's it's contributing to"}, {"start": "00:20:40", "end": "00:20:46", "text": "raising rising energy prices and the"}, {"start": "00:20:43", "end": "00:20:48", "text": "Trump regime is making this worse by"}, {"start": "00:20:46", "end": "00:20:50", "text": "actively sabotaging renewable energy"}, {"start": "00:20:48", "end": "00:20:52", "text": "projects that should already be live in"}, {"start": "00:20:50", "end": "00:20:54", "text": "Virginia."}, {"start": "00:20:52", "end": "00:20:55", "text": ">> Interesting. Uh listen, Joe, thank you"}, {"start": "00:20:54", "end": "00:20:57", "text": "so much. We're going to bring your"}, {"start": "00:20:55", "end": "00:21:00", "text": "website up again one more time. If you"}, {"start": "00:20:57", "end": "00:21:02", "text": "guys want to learn more about Joe and"}, {"start": "00:21:00", "end": "00:21:04", "text": "you're in Virginia, this is your man,"}, {"start": "00:21:02", "end": "00:21:07", "text": "votejoe.org."}, {"start": "00:21:04", "end": "00:21:09", "text": "He is a crypto native. Understands"}, {"start": "00:21:07", "end": "00:21:11", "text": "what's going on out there. Maybe he'll"}, {"start": "00:21:09", "end": "00:21:14", "text": "be able to educate some of these um you"}, {"start": "00:21:11", "end": "00:21:16", "text": "know people"}, {"start": "00:21:14", "end": "00:21:17", "text": "in Congress. Not I won't say what they"}, {"start": "00:21:16", "end": "00:21:19", "text": "what I think they are, but"}, {"start": "00:21:17", "end": "00:21:21", "text": ">> maybe we can spend less time educating"}, {"start": "00:21:19", "end": "00:21:23", "text": "everybody in Congress on crypto and more"}, {"start": "00:21:21", "end": "00:21:24", "text": "time actually improving the lives of"}, {"start": "00:21:23", "end": "00:21:26", "text": "average Americans."}, {"start": "00:21:24", "end": "00:21:27", "text": ">> But if you educate them on crypto, you"}, {"start": "00:21:26", "end": "00:21:28", "text": "might actually improve the lives of"}, {"start": "00:21:27", "end": "00:21:29", "text": "Americans."}, {"start": "00:21:28", "end": "00:21:31", "text": ">> We might."}, {"start": "00:21:29", "end": "00:21:32", "text": ">> So there you go. Joe, thanks for coming"}, {"start": "00:21:31", "end": "00:21:33", "text": "in today. We appreciate it."}, {"start": "00:21:32", "end": "00:21:35", "text": ">> Paul, thanks for having me on."}, {"start": "00:21:33", "end": "00:21:38", "text": "Appreciate your time. And uh you can go"}, {"start": "00:21:35", "end": "00:21:40", "text": "to votejoe.org/crypto. org/crypto"}, {"start": "00:21:38", "end": "00:21:42", "text": "uh to learn more about our specific"}, {"start": "00:21:40", "end": "00:21:45", "text": "policies there. Uh and we also accept"}, {"start": "00:21:42", "end": "00:21:48", "text": "donations uh in many different cryptos"}, {"start": "00:21:45", "end": "00:21:50", "text": "and tokens compliantly 100% compliantly."}, {"start": "00:21:48", "end": "00:21:52", "text": "And uh yeah, we're we're all about"}, {"start": "00:21:50", "end": "00:21:56", "text": "affordable housing, sustainability, and"}, {"start": "00:21:52", "end": "00:21:56", "text": "accountability in government."}, {"start": "00:22:00", "end": "00:22:04", "text": "If you like this video, hit like and"}, {"start": "00:22:02", "end": "00:22:06", "text": "subscribe. Drop a comment down below and"}, {"start": "00:22:04", "end": "00:22:10", "text": "also join our free private member group."}, {"start": "00:22:06", "end": "00:22:10", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Seesire is extended. The rally is"}, {"start": "00:00:02", "end": "00:00:06", "text": "happening in the S&P 500. Will Crypto"}, {"start": "00:00:04", "end": "00:00:08", "text": "follow up with all that? We're going to"}, {"start": "00:00:06", "end": "00:00:09", "text": "break it all down in today's show. Let's"}, {"start": "00:00:08", "end": "00:00:11", "text": "get into it. I do want to thank our"}, {"start": "00:00:09", "end": "00:00:13", "text": "sponsor and that is BTCC where you guys"}, {"start": "00:00:11", "end": "00:00:16", "text": "can get into a variety of try of types"}, {"start": "00:00:13", "end": "00:00:19", "text": "of trades and you can do that right"}, {"start": "00:00:16", "end": "00:00:20", "text": "there on btcc.com. Use our link down"}, {"start": "00:00:19", "end": "00:00:23", "text": "below. It's going to give you a 10%"}, {"start": "00:00:20", "end": "00:00:25", "text": "bonus on a first time deposit. Couple of"}, {"start": "00:00:23", "end": "00:00:27", "text": "things you can do. Futures also get a"}, {"start": "00:00:25", "end": "00:00:29", "text": "copy trading and you get discounts on"}, {"start": "00:00:27", "end": "00:00:31", "text": "your transactions over there. So check"}, {"start": "00:00:29", "end": "00:00:34", "text": "it out, set up an account, get rolling"}, {"start": "00:00:31", "end": "00:00:36", "text": "over on btcc.com."}, {"start": "00:00:34", "end": "00:00:38", "text": "Let's go into a couple of points I want"}, {"start": "00:00:36", "end": "00:00:40", "text": "to uh start off with today. The US and"}, {"start": "00:00:38", "end": "00:00:42", "text": "Iran are weighing the extension of the"}, {"start": "00:00:40", "end": "00:00:44", "text": "ceasefire. This is another two weeks."}, {"start": "00:00:42", "end": "00:00:47", "text": "President Trump also says the Iranian"}, {"start": "00:00:44", "end": "00:00:48", "text": "war is very close to being over. So what"}, {"start": "00:00:47", "end": "00:00:51", "text": "do you believe right now? Well, if"}, {"start": "00:00:48", "end": "00:00:53", "text": "you're looking at the S&P, you kind of"}, {"start": "00:00:51", "end": "00:00:56", "text": "have to think something's up because"}, {"start": "00:00:53", "end": "00:00:58", "text": "this has never happened in history. Uh"}, {"start": "00:00:56", "end": "00:01:00", "text": "we're in the middle of a war. S&P 500"}, {"start": "00:00:58", "end": "00:01:01", "text": "about to hit all new actually has hit"}, {"start": "00:01:00", "end": "00:01:04", "text": "all-time high. I'll show you show you"}, {"start": "00:01:01", "end": "00:01:06", "text": "the chart in a second. War started S&P"}, {"start": "00:01:04", "end": "00:01:09", "text": "crashed 8 8 and a half. Uh this is"}, {"start": "00:01:06", "end": "00:01:11", "text": "around 5.3 trillion now from the bottom"}, {"start": "00:01:09", "end": "00:01:15", "text": "which has been since March 31st is"}, {"start": "00:01:11", "end": "00:01:18", "text": "almost up 10%. That's 6.2 trillion back"}, {"start": "00:01:15", "end": "00:01:19", "text": "into the market coming on. And the"}, {"start": "00:01:18", "end": "00:01:21", "text": "strangest thing is that the war isn't"}, {"start": "00:01:19", "end": "00:01:23", "text": "even over. So negotiations still are up"}, {"start": "00:01:21", "end": "00:01:25", "text": "in the air. If you look at the chart"}, {"start": "00:01:23", "end": "00:01:27", "text": "right there, that's the S&P 500 guys."}, {"start": "00:01:25", "end": "00:01:29", "text": "Look at the movement that we've had here"}, {"start": "00:01:27", "end": "00:01:32", "text": "from the bottom, which was March March"}, {"start": "00:01:29", "end": "00:01:35", "text": "30th. And let's go and measure that from"}, {"start": "00:01:32", "end": "00:01:38", "text": "where the bottom of that candle was to"}, {"start": "00:01:35", "end": "00:01:41", "text": "where we're trading right now. This is"}, {"start": "00:01:38", "end": "00:01:44", "text": "11% almost up in literally less than 10"}, {"start": "00:01:41", "end": "00:01:46", "text": "days. So that's the kind of thing that"}, {"start": "00:01:44", "end": "00:01:48", "text": "we are faced with. You look at that"}, {"start": "00:01:46", "end": "00:01:51", "text": "along with this. Investors are believing"}, {"start": "00:01:48", "end": "00:01:53", "text": "that the stock market is overvalued,"}, {"start": "00:01:51", "end": "00:01:55", "text": "plunges to its lowest level in more than"}, {"start": "00:01:53", "end": "00:01:59", "text": "seven years. meaning people still think"}, {"start": "00:01:55", "end": "00:02:02", "text": "this is on its way up. More is coming,"}, {"start": "00:01:59", "end": "00:02:03", "text": "more winning is coming in the S&P 500."}, {"start": "00:02:02", "end": "00:02:06", "text": "Let me know if you guys are that way. Do"}, {"start": "00:02:03", "end": "00:02:08", "text": "you believe that right now? All these"}, {"start": "00:02:06", "end": "00:02:09", "text": "kind of things when it looks at Tradfi"}, {"start": "00:02:08", "end": "00:02:12", "text": "looks like there's not even a war"}, {"start": "00:02:09", "end": "00:02:14", "text": "happening. Uh but at the same time, how"}, {"start": "00:02:12", "end": "00:02:16", "text": "is this going to trade out over the next"}, {"start": "00:02:14", "end": "00:02:19", "text": "little bit? Here's Mark Cudmore breaking"}, {"start": "00:02:16", "end": "00:02:21", "text": "it down. investors are trading as if the"}, {"start": "00:02:19", "end": "00:02:24", "text": "war is effectively over. And I think"}, {"start": "00:02:21", "end": "00:02:25", "text": "that is the correct uh approach from a"}, {"start": "00:02:24", "end": "00:02:27", "text": "macro investor point of view. That the"}, {"start": "00:02:25", "end": "00:02:28", "text": "rest of the world ultimately doesn't"}, {"start": "00:02:27", "end": "00:02:30", "text": "care if it's not going to kind of really"}, {"start": "00:02:28", "end": "00:02:31", "text": "blow up or escalate again. They just"}, {"start": "00:02:30", "end": "00:02:33", "text": "want to see there's progress been made."}, {"start": "00:02:31", "end": "00:02:35", "text": "They don't care the intricacies of"}, {"start": "00:02:33", "end": "00:02:36", "text": "what's negotiate a deal. They just want"}, {"start": "00:02:35", "end": "00:02:38", "text": "to know this is not going to get worse"}, {"start": "00:02:36", "end": "00:02:40", "text": "and we're on a path to recovery. I think"}, {"start": "00:02:38", "end": "00:02:42", "text": "what what's still in debate is how bad"}, {"start": "00:02:40", "end": "00:02:44", "text": "are those lingering impacts, stagflation"}, {"start": "00:02:42", "end": "00:02:47", "text": "impulse going to be. I think that we're"}, {"start": "00:02:44", "end": "00:02:49", "text": "going to be trading the impacts of the"}, {"start": "00:02:47", "end": "00:02:51", "text": "the supply chain disruption for months,"}, {"start": "00:02:49", "end": "00:02:53", "text": "but I don't think it's going to be the"}, {"start": "00:02:51", "end": "00:02:56", "text": "dominant theme. Now, will it even be a"}, {"start": "00:02:53", "end": "00:02:57", "text": "very major theme or just a minor subtext"}, {"start": "00:02:56", "end": "00:02:59", "text": "in certain sectors? That's the bit we're"}, {"start": "00:02:57", "end": "00:03:00", "text": "trying to work out. There's a chance"}, {"start": "00:02:59", "end": "00:03:02", "text": "that we might already be moving to a"}, {"start": "00:03:00", "end": "00:03:03", "text": "world by next week where really we're"}, {"start": "00:03:02", "end": "00:03:05", "text": "just back to trading the AI theme and"}, {"start": "00:03:03", "end": "00:03:06", "text": "what you think are the kind of the"}, {"start": "00:03:05", "end": "00:03:09", "text": "winners and losers from that and the"}, {"start": "00:03:06", "end": "00:03:11", "text": "kind of steps. And I have to say I'm"}, {"start": "00:03:09", "end": "00:03:12", "text": "increasingly going towards that camp,"}, {"start": "00:03:11", "end": "00:03:14", "text": "but I'll stay open-minded for now while"}, {"start": "00:03:12", "end": "00:03:16", "text": "we continue to do more analysis."}, {"start": "00:03:14", "end": "00:03:20", "text": ">> All right. I have to believe uh that"}, {"start": "00:03:16", "end": "00:03:22", "text": "there is some significant inside"}, {"start": "00:03:20", "end": "00:03:24", "text": "uh analysis here that is looking at the"}, {"start": "00:03:22", "end": "00:03:28", "text": "rest of what's happening on a macro"}, {"start": "00:03:24", "end": "00:03:30", "text": "standpoint to at least see the S&P 500"}, {"start": "00:03:28", "end": "00:03:32", "text": "over 7,000 here as all of this is"}, {"start": "00:03:30", "end": "00:03:34", "text": "happening. So either people believe it,"}, {"start": "00:03:32", "end": "00:03:36", "text": "they are continuing on with this trade."}, {"start": "00:03:34", "end": "00:03:39", "text": "Now, I'm not sure I would go in the"}, {"start": "00:03:36", "end": "00:03:41", "text": "direction of an AI trade just resuming"}, {"start": "00:03:39", "end": "00:03:43", "text": "as planned. However, I do have something"}, {"start": "00:03:41", "end": "00:03:46", "text": "to show you on that. I want to show you"}, {"start": "00:03:43", "end": "00:03:49", "text": "a clip that maybe the sentiment is"}, {"start": "00:03:46", "end": "00:03:51", "text": "starting to falter. Take a look."}, {"start": "00:03:49", "end": "00:03:53", "text": ">> More than half of Americans now say the"}, {"start": "00:03:51", "end": "00:03:54", "text": "risk of AI outweighs the benefit the"}, {"start": "00:03:53", "end": "00:03:56", "text": "tech they say, at least according to"}, {"start": "00:03:54", "end": "00:03:58", "text": "these polls, will do more harm than"}, {"start": "00:03:56", "end": "00:04:01", "text": "good. Pew shows some similar trends. And"}, {"start": "00:03:58", "end": "00:04:03", "text": "that is all Dom spilling over to the"}, {"start": "00:04:01", "end": "00:04:06", "text": "data center buildout. 48 projects"}, {"start": "00:04:03", "end": "00:04:08", "text": "totaling at least $156 billion were"}, {"start": "00:04:06", "end": "00:04:09", "text": "blocked last year or at least delayed"}, {"start": "00:04:08", "end": "00:04:11", "text": "according to some sources."}, {"start": "00:04:09", "end": "00:04:14", "text": ">> I've spoken to at least a couple of data"}, {"start": "00:04:11", "end": "00:04:16", "text": "center CEOs who keep telling me that,"}, {"start": "00:04:14", "end": "00:04:18", "text": "you know, a lot of the reason why people"}, {"start": "00:04:16", "end": "00:04:20", "text": "have this fear is that there's a gap in"}, {"start": "00:04:18", "end": "00:04:21", "text": "information about what data centers"}, {"start": "00:04:20", "end": "00:04:24", "text": "really do versus what the public"}, {"start": "00:04:21", "end": "00:04:26", "text": "understands or knows. How exactly does"}, {"start": "00:04:24", "end": "00:04:27", "text": "that kind of reconcile ahead of this big"}, {"start": "00:04:26", "end": "00:04:29", "text": "election season?"}, {"start": "00:04:27", "end": "00:04:31", "text": ">> I think that is a good point. you're"}, {"start": "00:04:29", "end": "00:04:33", "text": "seeing it on sort of a micro level on"}, {"start": "00:04:31", "end": "00:04:35", "text": "like with these push backs on the data"}, {"start": "00:04:33", "end": "00:04:38", "text": "centers. If you go to any of these data"}, {"start": "00:04:35", "end": "00:04:40", "text": "centers, it really is an empty warehouse"}, {"start": "00:04:38", "end": "00:04:43", "text": "with a bunch of a bunch of computers"}, {"start": "00:04:40", "end": "00:04:45", "text": "essentially is a a way to think about."}, {"start": "00:04:43", "end": "00:04:48", "text": ">> Okay, so a couple of things to kind of"}, {"start": "00:04:45", "end": "00:04:50", "text": "compare against there. But before I do,"}, {"start": "00:04:48", "end": "00:04:53", "text": "most companies now are failing to make"}, {"start": "00:04:50", "end": "00:04:54", "text": "money from AI. At least the AI companies"}, {"start": "00:04:53", "end": "00:04:56", "text": "themselves. There was a new study out"}, {"start": "00:04:54", "end": "00:04:59", "text": "here just showing 20% of companies are"}, {"start": "00:04:56", "end": "00:05:02", "text": "capturing 75% of AI profits. Top"}, {"start": "00:04:59", "end": "00:05:04", "text": "performers right now 7.2 more AIdriven"}, {"start": "00:05:02", "end": "00:05:06", "text": "revenue. And of course it's also"}, {"start": "00:05:04", "end": "00:05:08", "text": "revealing the top companies are two to"}, {"start": "00:05:06", "end": "00:05:10", "text": "three more times likely to use AI to"}, {"start": "00:05:08", "end": "00:05:12", "text": "identify and pursue growth"}, {"start": "00:05:10", "end": "00:05:14", "text": "opportunities. The point being is is"}, {"start": "00:05:12", "end": "00:05:17", "text": "that not enough money being made on it"}, {"start": "00:05:14", "end": "00:05:20", "text": "yet. But at the same time, if you kind"}, {"start": "00:05:17", "end": "00:05:21", "text": "of compare the early stages of AI kind"}, {"start": "00:05:20", "end": "00:05:23", "text": "of to the early stages of mobile or the"}, {"start": "00:05:21", "end": "00:05:27", "text": "early stages of social, the early stages"}, {"start": "00:05:23", "end": "00:05:29", "text": "of the internet, all of those industries"}, {"start": "00:05:27", "end": "00:05:31", "text": "really struggled to make it in the first"}, {"start": "00:05:29", "end": "00:05:32", "text": "5 years. And for the internet, it was"}, {"start": "00:05:31", "end": "00:05:34", "text": "really the first 10 years before we"}, {"start": "00:05:32", "end": "00:05:36", "text": "started to see real use case and money"}, {"start": "00:05:34", "end": "00:05:37", "text": "being made out there because everybody"}, {"start": "00:05:36", "end": "00:05:39", "text": "thought it was going to fall. Every"}, {"start": "00:05:37", "end": "00:05:41", "text": "everybody thought it was going to die."}, {"start": "00:05:39", "end": "00:05:42", "text": "It's going to kill us. You know, it's"}, {"start": "00:05:41", "end": "00:05:44", "text": "going to be the end of humanity. Very"}, {"start": "00:05:42", "end": "00:05:46", "text": "similar things to what's happening here."}, {"start": "00:05:44", "end": "00:05:48", "text": "One thing though that is surprising me"}, {"start": "00:05:46", "end": "00:05:50", "text": "and and I'm not sure that there's not"}, {"start": "00:05:48", "end": "00:05:53", "text": "going to be more companies that do this."}, {"start": "00:05:50", "end": "00:05:55", "text": "This was a struggling shoe company that"}, {"start": "00:05:53", "end": "00:05:56", "text": "jumps over. This is All Birds. I'm sure"}, {"start": "00:05:55", "end": "00:05:58", "text": "you guys have probably seen it. All"}, {"start": "00:05:56", "end": "00:06:02", "text": "Birds. You probably have a pair. And"}, {"start": "00:05:58", "end": "00:06:04", "text": "they made a bizarre pivot from a shoe"}, {"start": "00:06:02", "end": "00:06:07", "text": "company to an AI company. And what I"}, {"start": "00:06:04", "end": "00:06:09", "text": "mean by that is their plan was this"}, {"start": "00:06:07", "end": "00:06:11", "text": "right here. The move boasted shares."}, {"start": "00:06:09", "end": "00:06:14", "text": "This is a minuscule market cap. It was"}, {"start": "00:06:11", "end": "00:06:18", "text": "valued at 21 million on Tuesday's close"}, {"start": "00:06:14", "end": "00:06:20", "text": "and then jumped 700% in the shares under"}, {"start": "00:06:18", "end": "00:06:22", "text": "this is just crazy. And the whole idea"}, {"start": "00:06:20", "end": "00:06:24", "text": "was they were going to go in and do a 50"}, {"start": "00:06:22", "end": "00:06:26", "text": "million in funding expecting to close."}, {"start": "00:06:24", "end": "00:06:27", "text": "They're going to go in and they're going"}, {"start": "00:06:26", "end": "00:06:30", "text": "to initially go after high performance"}, {"start": "00:06:27", "end": "00:06:32", "text": "low latency AI compute hardware and"}, {"start": "00:06:30", "end": "00:06:35", "text": "provide under uh long-term lease"}, {"start": "00:06:32", "end": "00:06:37", "text": "arrangements. basically going after"}, {"start": "00:06:35", "end": "00:06:40", "text": "companies that needed access to this"}, {"start": "00:06:37", "end": "00:06:43", "text": "kind of like mini boutique, you know, I"}, {"start": "00:06:40", "end": "00:06:45", "text": "guess AI data centers, but the companies"}, {"start": "00:06:43", "end": "00:06:46", "text": "going at and completely getting out of"}, {"start": "00:06:45", "end": "00:06:48", "text": "the fast fashion business and going into"}, {"start": "00:06:46", "end": "00:06:49", "text": "that. Why haven't we seen more companies"}, {"start": "00:06:48", "end": "00:06:52", "text": "do this? I'm kind of curious because"}, {"start": "00:06:49", "end": "00:06:53", "text": "there's companies out there that maybe"}, {"start": "00:06:52", "end": "00:06:56", "text": "could go in this direction in the retail"}, {"start": "00:06:53", "end": "00:06:58", "text": "hospitality sector. Could be some"}, {"start": "00:06:56", "end": "00:07:00", "text": "interesting plays coming up, especially"}, {"start": "00:06:58", "end": "00:07:03", "text": "after this move and the kind of share"}, {"start": "00:07:00", "end": "00:07:04", "text": "impact it had. Other things I want to"}, {"start": "00:07:03", "end": "00:07:07", "text": "hit on right now, the Fed is now"}, {"start": "00:07:04", "end": "00:07:09", "text": "privately preparing for a possible $2"}, {"start": "00:07:07", "end": "00:07:11", "text": "trillion credit market collapse."}, {"start": "00:07:09", "end": "00:07:14", "text": "Bloomberg reported April 11th that the"}, {"start": "00:07:11", "end": "00:07:16", "text": "Fed has formally reached out to US major"}, {"start": "00:07:14", "end": "00:07:17", "text": "banks for detailed information on how"}, {"start": "00:07:16", "end": "00:07:21", "text": "much risk they're carrying from private"}, {"start": "00:07:17", "end": "00:07:24", "text": "credit and the stress inside this sector"}, {"start": "00:07:21", "end": "00:07:26", "text": "could spread into a much wider financial"}, {"start": "00:07:24", "end": "00:07:28", "text": "system problem. And this get scares me a"}, {"start": "00:07:26", "end": "00:07:30", "text": "little bit because it reminds me a"}, {"start": "00:07:28", "end": "00:07:31", "text": "little bit of what happened in 2008. I"}, {"start": "00:07:30", "end": "00:07:34", "text": "would say when you look at private"}, {"start": "00:07:31", "end": "00:07:36", "text": "credit the exposure has very similar uh"}, {"start": "00:07:34", "end": "00:07:39", "text": "cadences and that's something to keep an"}, {"start": "00:07:36", "end": "00:07:41", "text": "eye on. Other things if you look at this"}, {"start": "00:07:39", "end": "00:07:44", "text": "this is a record number of US consumers"}, {"start": "00:07:41", "end": "00:07:47", "text": "saying hey listen my situation's much"}, {"start": "00:07:44", "end": "00:07:49", "text": "worse uh compared to a year ago and I'm"}, {"start": "00:07:47", "end": "00:07:53", "text": "still dealing with higher prices. This"}, {"start": "00:07:49", "end": "00:07:56", "text": "has risen 900%. since 2021 during what I"}, {"start": "00:07:53", "end": "00:07:58", "text": "thought was the most and worst time that"}, {"start": "00:07:56", "end": "00:08:00", "text": "we had had in American history. But in"}, {"start": "00:07:58", "end": "00:08:02", "text": "reality, apparently it's 2026 that we're"}, {"start": "00:08:00", "end": "00:08:05", "text": "dealing with that's having this problem."}, {"start": "00:08:02", "end": "00:08:07", "text": "Clarity Act, though, is the issue right"}, {"start": "00:08:05", "end": "00:08:09", "text": "now in crypto. And the one that is"}, {"start": "00:08:07", "end": "00:08:11", "text": "hitting us right now is whether or not"}, {"start": "00:08:09", "end": "00:08:13", "text": "Clarity Act is off the table because"}, {"start": "00:08:11", "end": "00:08:15", "text": "it's off the Senate schedule next week."}, {"start": "00:08:13", "end": "00:08:17", "text": "Uh Tim Scott has not scheduled the"}, {"start": "00:08:15", "end": "00:08:20", "text": "crypto market structure for the week of"}, {"start": "00:08:17", "end": "00:08:23", "text": "20. Remember last week when Tim Scott"}, {"start": "00:08:20", "end": "00:08:26", "text": "said, \"I'm going to have the, you know,"}, {"start": "00:08:23", "end": "00:08:29", "text": "the markup on my desk later this week.\""}, {"start": "00:08:26", "end": "00:08:32", "text": "Then it was on my desk next week. Then"}, {"start": "00:08:29", "end": "00:08:35", "text": "it's not even on the schedule. So what"}, {"start": "00:08:32", "end": "00:08:37", "text": "does this mean right now? Cuz uh Tom"}, {"start": "00:08:35", "end": "00:08:39", "text": "Tillis, he says the release of the final"}, {"start": "00:08:37", "end": "00:08:41", "text": "draft this week. Last piece needed to be"}, {"start": "00:08:39", "end": "00:08:43", "text": "before committee can still get a markup."}, {"start": "00:08:41", "end": "00:08:45", "text": "Even then the mill the bill must align"}, {"start": "00:08:43", "end": "00:08:48", "text": "with Senate agriculture to pass which is"}, {"start": "00:08:45", "end": "00:08:49", "text": "64 Senate vote which needs Democrats to"}, {"start": "00:08:48", "end": "00:08:51", "text": "do it. Then it reconciles with the"}, {"start": "00:08:49", "end": "00:08:53", "text": "House. The point is there's a lot of"}, {"start": "00:08:51", "end": "00:08:55", "text": "stuff that have to happen for this to"}, {"start": "00:08:53", "end": "00:08:58", "text": "even get done. And if they miss the"}, {"start": "00:08:55", "end": "00:09:00", "text": "window, this thing is off the the"}, {"start": "00:08:58", "end": "00:09:02", "text": "calendar. You know, it doesn't happen"}, {"start": "00:09:00", "end": "00:09:04", "text": "till after midterms and then we have no"}, {"start": "00:09:02", "end": "00:09:06", "text": "idea what would happen after midterms."}, {"start": "00:09:04", "end": "00:09:09", "text": "Uh this puts a lot of problem. But at"}, {"start": "00:09:06", "end": "00:09:12", "text": "the same time with all of those, you've"}, {"start": "00:09:09", "end": "00:09:14", "text": "got right now, look at this jump from"}, {"start": "00:09:12", "end": "00:09:17", "text": "what was around 58% holding it around"}, {"start": "00:09:14", "end": "00:09:19", "text": "61% on still getting into law this year,"}, {"start": "00:09:17", "end": "00:09:21", "text": "which is one of the higher positions"}, {"start": "00:09:19", "end": "00:09:23", "text": "right now on the one day. If you look at"}, {"start": "00:09:21", "end": "00:09:25", "text": "the weekly, there's the climb right"}, {"start": "00:09:23", "end": "00:09:28", "text": "there. You go to the monthly been"}, {"start": "00:09:25", "end": "00:09:31", "text": "somewhat flat, but still climbing. Now,"}, {"start": "00:09:28", "end": "00:09:34", "text": "this is very unusual um behavior for"}, {"start": "00:09:31", "end": "00:09:37", "text": "sure. Clarity markup date is slipping."}, {"start": "00:09:34", "end": "00:09:39", "text": "Fed chair is taking center stage and"}, {"start": "00:09:37", "end": "00:09:41", "text": "that is Kevin Worsh. He is set for a"}, {"start": "00:09:39", "end": "00:09:43", "text": "hearing on Tuesday. And this is going to"}, {"start": "00:09:41", "end": "00:09:46", "text": "get interesting because everybody thinks"}, {"start": "00:09:43", "end": "00:09:49", "text": "that Worsh is going to do something"}, {"start": "00:09:46", "end": "00:09:52", "text": "super around Fed rate cuts. If you look"}, {"start": "00:09:49", "end": "00:09:54", "text": "at the possibility right now, it looks"}, {"start": "00:09:52", "end": "00:09:58", "text": "as though we are not going to get a rate"}, {"start": "00:09:54", "end": "00:10:00", "text": "cut uh before the end of 2026. And if"}, {"start": "00:09:58", "end": "00:10:03", "text": "that is the case and it continues to"}, {"start": "00:10:00", "end": "00:10:06", "text": "climb at 40% right now, that would mean"}, {"start": "00:10:03", "end": "00:10:09", "text": "that Trump is getting bamboozled again"}, {"start": "00:10:06", "end": "00:10:12", "text": "by the Fed chairs and uh President Trump"}, {"start": "00:10:09", "end": "00:10:13", "text": "says interest rates will drop once he"}, {"start": "00:10:12", "end": "00:10:15", "text": "gets in there. Somebody's got to give"}, {"start": "00:10:13", "end": "00:10:17", "text": "here. I don't know if it's Trump saying,"}, {"start": "00:10:15", "end": "00:10:19", "text": "\"Okay, work it out. Just give me my"}, {"start": "00:10:17", "end": "00:10:22", "text": "interest rates in 27.\" Or Worsh is going"}, {"start": "00:10:19", "end": "00:10:23", "text": "to, you know, cave to the pressure. You"}, {"start": "00:10:22", "end": "00:10:25", "text": "tell me. Do you think we're going to see"}, {"start": "00:10:23", "end": "00:10:27", "text": "a rate drop when Worsh takes office"}, {"start": "00:10:25", "end": "00:10:30", "text": "later in the summer?"}, {"start": "00:10:27", "end": "00:10:33", "text": "hit me down below and let me know. I"}, {"start": "00:10:30", "end": "00:10:36", "text": "want to go to a clip real quick. Uh this"}, {"start": "00:10:33", "end": "00:10:37", "text": "is a clip of Trump talking about Chair"}, {"start": "00:10:36", "end": "00:10:39", "text": "Powell."}, {"start": "00:10:37", "end": "00:10:40", "text": ">> And he said he's not leaving if um you"}, {"start": "00:10:39", "end": "00:10:41", "text": "know,"}, {"start": "00:10:40", "end": "00:10:44", "text": ">> well then I'll have to fire him. Okay."}, {"start": "00:10:41", "end": "00:10:46", "text": "If he's not leaving on time, I've held"}, {"start": "00:10:44", "end": "00:10:49", "text": "back firing him. I've wanted to fire"}, {"start": "00:10:46", "end": "00:10:52", "text": "him, but I hate to be controversial. You"}, {"start": "00:10:49", "end": "00:10:52", "text": "know, I want to be uncontroversial, but"}, {"start": "00:10:52", "end": "00:10:54", "text": "uh"}, {"start": "00:10:52", "end": "00:10:55", "text": ">> And you think Kevin Wor could get"}, {"start": "00:10:54", "end": "00:10:57", "text": "confirmed? You think Tom Tillis is going"}, {"start": "00:10:55", "end": "00:10:59", "text": "to give you a I have to find out. He"}, {"start": "00:10:57", "end": "00:11:00", "text": "might not. But that's why Tom Tillis is"}, {"start": "00:10:59", "end": "00:11:02", "text": "no longer a senator."}, {"start": "00:11:00", "end": "00:11:04", "text": ">> Okay. On the on the AI,"}, {"start": "00:11:02", "end": "00:11:04", "text": ">> Tom Tillis is no longer a senator,"}, {"start": "00:11:04", "end": "00:11:05", "text": "right? He"}, {"start": "00:11:04", "end": "00:11:08", "text": ">> Well, he's on his way out."}, {"start": "00:11:05", "end": "00:11:12", "text": ">> Well, no, he quit, but he quit. And I"}, {"start": "00:11:08", "end": "00:11:15", "text": "think he doesn't want the legacy of"}, {"start": "00:11:12", "end": "00:11:17", "text": "stopping a great a person who could be"}, {"start": "00:11:15", "end": "00:11:19", "text": "great. I think Kevin Worsh is going to"}, {"start": "00:11:17", "end": "00:11:24", "text": "be great. Uh he doesn't want the legacy"}, {"start": "00:11:19", "end": "00:11:24", "text": "of having an incompetent guy stay there."}, {"start": "00:11:24", "end": "00:11:30", "text": "All right. Just remember that the guy"}, {"start": "00:11:27", "end": "00:11:33", "text": "he's trying to fire is Chair Powell,"}, {"start": "00:11:30", "end": "00:11:35", "text": "replacing with another guy he selected"}, {"start": "00:11:33", "end": "00:11:37", "text": "because he selected Chair Powell going"}, {"start": "00:11:35", "end": "00:11:39", "text": "into this. And now you got Wars being"}, {"start": "00:11:37", "end": "00:11:40", "text": "selected."}, {"start": "00:11:39", "end": "00:11:43", "text": "This is getting crazy out there, guys."}, {"start": "00:11:40", "end": "00:11:45", "text": "And uh as you know, everybody's kind of"}, {"start": "00:11:43", "end": "00:11:49", "text": "been blowing up the uh position of"}, {"start": "00:11:45", "end": "00:11:51", "text": "assets around Kevin Walsh being somewhat"}, {"start": "00:11:49", "end": "00:11:53", "text": "of a DJ. And here was Ryan Adams talking"}, {"start": "00:11:51", "end": "00:11:55", "text": "about uh let's not get ahead of"}, {"start": "00:11:53", "end": "00:11:57", "text": "ourselves. This represents about 0.5 of"}, {"start": "00:11:55", "end": "00:12:00", "text": "Kevin Worsher's net worth. Uh he"}, {"start": "00:11:57", "end": "00:12:02", "text": "probably had no idea he was indirectly"}, {"start": "00:12:00", "end": "00:12:04", "text": "owned a token called friends with"}, {"start": "00:12:02", "end": "00:12:06", "text": "benefits. Uh it is possible. I mean that"}, {"start": "00:12:04", "end": "00:12:08", "text": "you know these things do happen through"}, {"start": "00:12:06", "end": "00:12:11", "text": "VC funds. But the point be point five"}, {"start": "00:12:08", "end": "00:12:14", "text": "right now in a in a raging bare market."}, {"start": "00:12:11", "end": "00:12:20", "text": "Um imagine what this would be if uh ETH"}, {"start": "00:12:14", "end": "00:12:22", "text": "is 10,000 or if Bitcoin is 150. that 0.5"}, {"start": "00:12:20", "end": "00:12:25", "text": "goes to maybe two, three, maybe four"}, {"start": "00:12:22", "end": "00:12:27", "text": "percent. So, it's not insignificant."}, {"start": "00:12:25", "end": "00:12:29", "text": "It's still significant enough to be able"}, {"start": "00:12:27", "end": "00:12:31", "text": "to to mention it and it has impact on"}, {"start": "00:12:29", "end": "00:12:33", "text": "it. But it's interesting that uh"}, {"start": "00:12:31", "end": "00:12:35", "text": "everybody has been looking at that as"}, {"start": "00:12:33", "end": "00:12:37", "text": "the only thing. I still think it's going"}, {"start": "00:12:35", "end": "00:12:40", "text": "to have an implementation"}, {"start": "00:12:37", "end": "00:12:42", "text": "effect on how he looks at crypto markets"}, {"start": "00:12:40", "end": "00:12:44", "text": "in general. So, let's leap over to"}, {"start": "00:12:42", "end": "00:12:46", "text": "Ethereum. Here is BMR, the largest"}, {"start": "00:12:44", "end": "00:12:49", "text": "Ethereum treasury company, reporting a"}, {"start": "00:12:46", "end": "00:12:52", "text": "net loss of I'm not that's not a"}, {"start": "00:12:49", "end": "00:12:55", "text": "misprint, guys. That's 3.8 billion in"}, {"start": "00:12:52", "end": "00:12:58", "text": "the quarter. That's the net loss that"}, {"start": "00:12:55", "end": "00:13:00", "text": "BMR would be taking right now. These"}, {"start": "00:12:58", "end": "00:13:04", "text": "times are very unusual. And of course,"}, {"start": "00:13:00", "end": "00:13:06", "text": "Tom Lee is the ultimate perma bull. Here"}, {"start": "00:13:04", "end": "00:13:08", "text": "he is saying that we're going to keep"}, {"start": "00:13:06", "end": "00:13:10", "text": "growing even without the Clarity Act"}, {"start": "00:13:08", "end": "00:13:13", "text": "with continued building outside the"}, {"start": "00:13:10", "end": "00:13:17", "text": "banking system. and he remains bullish"}, {"start": "00:13:13", "end": "00:13:20", "text": "on Ethereum to reach $60,000."}, {"start": "00:13:17", "end": "00:13:22", "text": "ETH is trading at about 2,200 right now."}, {"start": "00:13:20", "end": "00:13:25", "text": "60,000."}, {"start": "00:13:22", "end": "00:13:27", "text": "Here's a clip of Tom Lee giving you his"}, {"start": "00:13:25", "end": "00:13:29", "text": "predictions."}, {"start": "00:13:27", "end": "00:13:31", "text": "Our stock is tracking Ethereum. It"}, {"start": "00:13:29", "end": "00:13:32", "text": "frustrates people when ETH goes down,"}, {"start": "00:13:31", "end": "00:13:36", "text": "but keep in mind we're outperforming"}, {"start": "00:13:32", "end": "00:13:38", "text": "Ethereum. Last year we started Bitine on"}, {"start": "00:13:36", "end": "00:13:40", "text": "June 30th. You can see Bit Mine rose"}, {"start": "00:13:38", "end": "00:13:42", "text": "500%."}, {"start": "00:13:40", "end": "00:13:46", "text": "Ethereum was only up 22% in that time."}, {"start": "00:13:42", "end": "00:13:48", "text": "So, we outperformed last year by 48,000"}, {"start": "00:13:46", "end": "00:13:52", "text": "basis points."}, {"start": "00:13:48", "end": "00:13:54", "text": "Uh, this year, Ethereum is down 18%, our"}, {"start": "00:13:52", "end": "00:13:57", "text": "stocks down 15. So, we're outperforming"}, {"start": "00:13:54", "end": "00:13:58", "text": "by 310 basis points. And the reason for"}, {"start": "00:13:57", "end": "00:14:00", "text": "that, of course, is that we're using"}, {"start": "00:13:58", "end": "00:14:02", "text": "capital markets to grow your holdings of"}, {"start": "00:14:00", "end": "00:14:06", "text": "ETH."}, {"start": "00:14:02", "end": "00:14:09", "text": "If Ethereum gets to 22,000, our stock"}, {"start": "00:14:06", "end": "00:14:12", "text": "price is 500, which is a lot of upside."}, {"start": "00:14:09", "end": "00:14:13", "text": "um at 62,000 ETH, which is what what we"}, {"start": "00:14:12", "end": "00:14:16", "text": "think fair value is in a few years, our"}, {"start": "00:14:13", "end": "00:14:18", "text": "stock is 1500. So,"}, {"start": "00:14:16", "end": "00:14:19", "text": ">> all right. So, keep this on here, right"}, {"start": "00:14:18", "end": "00:14:23", "text": "here, because I think this is important"}, {"start": "00:14:19", "end": "00:14:25", "text": "to note is he's going from where we are"}, {"start": "00:14:23", "end": "00:14:28", "text": "right now. First, you'd have to 10x to"}, {"start": "00:14:25", "end": "00:14:32", "text": "22k. You'd have to 10x. And there you"}, {"start": "00:14:28", "end": "00:14:36", "text": "are at 62 at fair value, putting BMR at"}, {"start": "00:14:32", "end": "00:14:38", "text": "1,500 a share. And uh it's trading"}, {"start": "00:14:36", "end": "00:14:40", "text": "around 20 bucks. And then he's going up"}, {"start": "00:14:38", "end": "00:14:42", "text": "to a quarter of a mill. What is Tom Lee"}, {"start": "00:14:40", "end": "00:14:43", "text": "smoking over there? I want to know. I"}, {"start": "00:14:42", "end": "00:14:46", "text": "think we should get some of that because"}, {"start": "00:14:43", "end": "00:14:49", "text": "this is crazy talk. I'm a big ETH fan,"}, {"start": "00:14:46", "end": "00:14:50", "text": "but I still think that's crazy talk. Uh"}, {"start": "00:14:49", "end": "00:14:52", "text": "I don't know, guys. There's a lot"}, {"start": "00:14:50", "end": "00:14:53", "text": "happening out there. I still don't"}, {"start": "00:14:52", "end": "00:14:55", "text": "understand how the S&P is breaking"}, {"start": "00:14:53", "end": "00:14:57", "text": "alltime high in the middle of all this"}, {"start": "00:14:55", "end": "00:15:00", "text": "conflict, global macro, you know,"}, {"start": "00:14:57", "end": "00:15:02", "text": "implosion, private credit. Something is"}, {"start": "00:15:00", "end": "00:15:05", "text": "very off in the market right now. We're"}, {"start": "00:15:02", "end": "00:15:09", "text": "going to continue to cover it because uh"}, {"start": "00:15:05", "end": "00:15:09", "text": "things are a bit unusual."}, {"start": "00:15:14", "end": "00:15:18", "text": "If you like this video, hit like and"}, {"start": "00:15:16", "end": "00:15:20", "text": "subscribe. Drop a comment down below and"}, {"start": "00:15:18", "end": "00:15:24", "text": "also join our free private member group."}, {"start": "00:15:20", "end": "00:15:24", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Sentiment is surging today. We're going"}, {"start": "00:00:01", "end": "00:00:04", "text": "to break it down for you. There's a lot"}, {"start": "00:00:02", "end": "00:00:05", "text": "of things happening in the market. Let's"}, {"start": "00:00:04", "end": "00:00:06", "text": "just jump right into it. I do want to"}, {"start": "00:00:05", "end": "00:00:09", "text": "thank our sponsor that is iTrust"}, {"start": "00:00:06", "end": "00:00:11", "text": "Capital. Very easy for you guys to get"}, {"start": "00:00:09", "end": "00:00:13", "text": "involved in building out a crypto IRA."}, {"start": "00:00:11", "end": "00:00:16", "text": "You can do this with both traditional"}, {"start": "00:00:13", "end": "00:00:18", "text": "crypto as well as metals. So, all of"}, {"start": "00:00:16", "end": "00:00:19", "text": "this is available in the iTrust account."}, {"start": "00:00:18", "end": "00:00:21", "text": "All you have to do is jump over to"}, {"start": "00:00:19", "end": "00:00:22", "text": "itrustcap.com,"}, {"start": "00:00:21", "end": "00:00:25", "text": "use our link. It's going to give you a"}, {"start": "00:00:22", "end": "00:00:27", "text": "$100 funding reward just to get started."}, {"start": "00:00:25", "end": "00:00:29", "text": "And uh do that. It does help us out."}, {"start": "00:00:27", "end": "00:00:32", "text": "There's a lot of things happening not"}, {"start": "00:00:29", "end": "00:00:34", "text": "only today but I think this week that"}, {"start": "00:00:32", "end": "00:00:39", "text": "starts to layer in the potential of what"}, {"start": "00:00:34", "end": "00:00:41", "text": "we might see on either a new run here or"}, {"start": "00:00:39", "end": "00:00:43", "text": "could we see some pullbacks that are"}, {"start": "00:00:41", "end": "00:00:44", "text": "waiting in the wings. Couple of things I"}, {"start": "00:00:43", "end": "00:00:46", "text": "want to focus on. US and Iran are"}, {"start": "00:00:44", "end": "00:00:49", "text": "weighing further on negotiations to"}, {"start": "00:00:46", "end": "00:00:51", "text": "extend in a two-e ceasefire. And here's"}, {"start": "00:00:49", "end": "00:00:54", "text": "kind of the breakdown. Uh the straight"}, {"start": "00:00:51", "end": "00:00:55", "text": "of Hermuz the blockade is now Trump's"}, {"start": "00:00:54", "end": "00:00:57", "text": "blockade I should say is now active."}, {"start": "00:00:55", "end": "00:00:59", "text": "That's the one where he's blockading the"}, {"start": "00:00:57", "end": "00:01:03", "text": "blockade. Uh the US is proposing a"}, {"start": "00:00:59", "end": "00:01:05", "text": "20-year nuclear suspension. Iran offered"}, {"start": "00:01:03", "end": "00:01:07", "text": "five. Uh China link sanctioned tanker is"}, {"start": "00:01:05", "end": "00:01:09", "text": "testing the blockade right now. We'll"}, {"start": "00:01:07", "end": "00:01:10", "text": "see if you know what happens there."}, {"start": "00:01:09", "end": "00:01:12", "text": "Saudi Arabia is coming in and saying,"}, {"start": "00:01:10", "end": "00:01:14", "text": "\"Hey, stand down. Maybe we've got"}, {"start": "00:01:12", "end": "00:01:17", "text": "something here.\" And you got uh Vance of"}, {"start": "00:01:14", "end": "00:01:19", "text": "course going in there uh pushing Iran to"}, {"start": "00:01:17", "end": "00:01:21", "text": "make a decision. One last thing to hit"}, {"start": "00:01:19", "end": "00:01:24", "text": "on here. Brent crude also falling under"}, {"start": "00:01:21", "end": "00:01:27", "text": "a hundred uh as well as uh WTI. So both"}, {"start": "00:01:24", "end": "00:01:29", "text": "have started to come down. So the"}, {"start": "00:01:27", "end": "00:01:31", "text": "markets seem to be pricing in a deal"}, {"start": "00:01:29", "end": "00:01:33", "text": "that is in the works. I want to play a"}, {"start": "00:01:31", "end": "00:01:36", "text": "clip for you. This is Mark Cudmore"}, {"start": "00:01:33", "end": "00:01:38", "text": "breaking down. Is this optimistic? Are"}, {"start": "00:01:36", "end": "00:01:40", "text": "we bullish now or not? Take a look. Uh"}, {"start": "00:01:38", "end": "00:01:41", "text": "you know now it's a it's a completely"}, {"start": "00:01:40", "end": "00:01:43", "text": "different scenario. What happened is now"}, {"start": "00:01:41", "end": "00:01:45", "text": "I think shortterm the optimism makes"}, {"start": "00:01:43", "end": "00:01:47", "text": "sense. First of all negotiations are"}, {"start": "00:01:45", "end": "00:01:50", "text": "ongoing. Expectations for the weekend"}, {"start": "00:01:47", "end": "00:01:51", "text": "were always super low. Um uh so the fact"}, {"start": "00:01:50", "end": "00:01:52", "text": "that they did fail to reach an agreement"}, {"start": "00:01:51", "end": "00:01:54", "text": "wasn't a problem. The point is they"}, {"start": "00:01:52", "end": "00:01:56", "text": "didn't break down entirely. we still"}, {"start": "00:01:54", "end": "00:01:57", "text": "have negotiations there. So that seen as"}, {"start": "00:01:56", "end": "00:02:00", "text": "a positive. Certainly investors are much"}, {"start": "00:01:57", "end": "00:02:01", "text": "more positive on the the negotiations"}, {"start": "00:02:00", "end": "00:02:03", "text": "than they were a week ago. Second of"}, {"start": "00:02:01", "end": "00:02:05", "text": "all, part of the reason number positive"}, {"start": "00:02:03", "end": "00:02:07", "text": "is that the blockade of Iranian ships is"}, {"start": "00:02:05", "end": "00:02:09", "text": "really really smart. Ultimately, Iran"}, {"start": "00:02:07", "end": "00:02:11", "text": "was being seen as a strategic or"}, {"start": "00:02:09", "end": "00:02:13", "text": "economic winner of the war up until a"}, {"start": "00:02:11", "end": "00:02:15", "text": "week or so ago because its oil was"}, {"start": "00:02:13", "end": "00:02:17", "text": "getting out at elevated prices while the"}, {"start": "00:02:15", "end": "00:02:18", "text": "rest was getting blocked. Uh and that's"}, {"start": "00:02:17", "end": "00:02:20", "text": "now been changed fundamentally by this."}, {"start": "00:02:18", "end": "00:02:22", "text": "It's really cutting off their key kind"}, {"start": "00:02:20", "end": "00:02:24", "text": "of winning point. And then also the fact"}, {"start": "00:02:22", "end": "00:02:26", "text": "that the US Navy is going to implement a"}, {"start": "00:02:24", "end": "00:02:29", "text": "blockade or reigning ports shows they've"}, {"start": "00:02:26", "end": "00:02:31", "text": "got enough naval assets in the region to"}, {"start": "00:02:29", "end": "00:02:34", "text": "soon start kind of uh building their own"}, {"start": "00:02:31", "end": "00:02:35", "text": "escort or or kind of outlining their own"}, {"start": "00:02:34", "end": "00:02:37", "text": "uh safe passage to the straight which"}, {"start": "00:02:35", "end": "00:02:39", "text": "means we're much closer to the reopening"}, {"start": "00:02:37", "end": "00:02:41", "text": "of the straight than we seem to be only"}, {"start": "00:02:39", "end": "00:02:43", "text": "a week or so ago. So around the conflict"}, {"start": "00:02:41", "end": "00:02:45", "text": "the dynamic is very positive. If you"}, {"start": "00:02:43", "end": "00:02:48", "text": "look at the possibility here on poly"}, {"start": "00:02:45", "end": "00:02:50", "text": "market we are now edging up for an end"}, {"start": "00:02:48", "end": "00:02:52", "text": "to this conflict around April 30th. That"}, {"start": "00:02:50", "end": "00:02:55", "text": "seems to be and it's flying fast here."}, {"start": "00:02:52", "end": "00:02:57", "text": "So maybe this blockade is the pressure"}, {"start": "00:02:55", "end": "00:03:00", "text": "that Trump needs to put on Iran to get"}, {"start": "00:02:57", "end": "00:03:02", "text": "them at the table in terms of doing a"}, {"start": "00:03:00", "end": "00:03:05", "text": "deal. Kobe broke one down talking about"}, {"start": "00:03:02", "end": "00:03:07", "text": "the S&P 500 now officially up and it's"}, {"start": "00:03:05", "end": "00:03:09", "text": "on the year and it's just 1% away from"}, {"start": "00:03:07", "end": "00:03:12", "text": "hitting a new record high. This is"}, {"start": "00:03:09", "end": "00:03:15", "text": "insane. That's 550 billion per trading"}, {"start": "00:03:12", "end": "00:03:18", "text": "day for 10 straight days on that. just"}, {"start": "00:03:15", "end": "00:03:20", "text": "kind of let that sink in for a minute of"}, {"start": "00:03:18", "end": "00:03:24", "text": "everything that's going on right now and"}, {"start": "00:03:20", "end": "00:03:25", "text": "you have the S&P 500 cruising as though"}, {"start": "00:03:24", "end": "00:03:27", "text": "nothing is happening. That's uh it's"}, {"start": "00:03:25", "end": "00:03:29", "text": "just insane. I want to go to a clip"}, {"start": "00:03:27", "end": "00:03:31", "text": "because this is Tom Lee saying, \"Well,"}, {"start": "00:03:29", "end": "00:03:34", "text": "you know, maybe war has been good for"}, {"start": "00:03:31", "end": "00:03:36", "text": "stocks.\" Take a look. Is there anything"}, {"start": "00:03:34", "end": "00:03:39", "text": "that that is going to stop stocks right"}, {"start": "00:03:36", "end": "00:03:42", "text": "now, Tom? Because they just keep going"}, {"start": "00:03:39", "end": "00:03:44", "text": "up. Well, I think stocks are holding up"}, {"start": "00:03:42", "end": "00:03:47", "text": "uh because the economy is actually doing"}, {"start": "00:03:44", "end": "00:03:49", "text": "better uh in the face of this war. And I"}, {"start": "00:03:47", "end": "00:03:52", "text": "know it sounds counterintuitive, but"}, {"start": "00:03:49", "end": "00:03:54", "text": "part of it is the defense spending, you"}, {"start": "00:03:52", "end": "00:03:57", "text": "know, at 30 billion a month. Um and it"}, {"start": "00:03:54", "end": "00:04:00", "text": "and it may end up being, you know, 60"}, {"start": "00:03:57", "end": "00:04:03", "text": "billion a month. That's actually quite"}, {"start": "00:04:00", "end": "00:04:06", "text": "stimulative to the economy. This $20"}, {"start": "00:04:03", "end": "00:04:08", "text": "rise in oil is only adding about 12"}, {"start": "00:04:06", "end": "00:04:11", "text": "billion a month to the household burden."}, {"start": "00:04:08", "end": "00:04:13", "text": "So in on a on sort of net basis, the war"}, {"start": "00:04:11", "end": "00:04:14", "text": "is actually helping earnings right now."}, {"start": "00:04:13", "end": "00:04:16", "text": "The market does have a really good way"}, {"start": "00:04:14", "end": "00:04:18", "text": "of sort of discounting outcomes. And I"}, {"start": "00:04:16", "end": "00:04:20", "text": "think the reason it's going up is I"}, {"start": "00:04:18", "end": "00:04:22", "text": "think it's we're going to end up with a"}, {"start": "00:04:20", "end": "00:04:25", "text": "favorable outcome for the markets right"}, {"start": "00:04:22", "end": "00:04:27", "text": "now. Is it the Iran war? Is it corporate"}, {"start": "00:04:25", "end": "00:04:29", "text": "earnings which are starting to roll out?"}, {"start": "00:04:27", "end": "00:04:31", "text": "Or is it interest rates? People can vote"}, {"start": "00:04:29", "end": "00:04:35", "text": "now by clicking on the QR code. How"}, {"start": "00:04:31", "end": "00:04:38", "text": "would Tom Lee vote on that?"}, {"start": "00:04:35", "end": "00:04:40", "text": "Well, I would say that the of those"}, {"start": "00:04:38", "end": "00:04:43", "text": "three, only one can create tail events"}, {"start": "00:04:40", "end": "00:04:46", "text": "on both sides, which is the Iran war."}, {"start": "00:04:43", "end": "00:04:48", "text": "So, I think that the most important"}, {"start": "00:04:46", "end": "00:04:50", "text": "thing to watch and to really be mindful"}, {"start": "00:04:48", "end": "00:04:52", "text": "of is the war."}, {"start": "00:04:50", "end": "00:04:55", "text": "All right. So, I would agree. I think"}, {"start": "00:04:52", "end": "00:04:58", "text": "the war for the tailwinds on both sides"}, {"start": "00:04:55", "end": "00:05:00", "text": "and also the longerlasting effect on how"}, {"start": "00:04:58", "end": "00:05:02", "text": "the markets can respond. Other things"}, {"start": "00:05:00", "end": "00:05:04", "text": "you got to look at are going to be fear"}, {"start": "00:05:02", "end": "00:05:06", "text": "and greed. And fear and greed in a very"}, {"start": "00:05:04", "end": "00:05:09", "text": "short period of time has really started"}, {"start": "00:05:06", "end": "00:05:12", "text": "to uh blossom a little bit. Remember"}, {"start": "00:05:09", "end": "00:05:15", "text": "this was just back in February and we"}, {"start": "00:05:12", "end": "00:05:17", "text": "were looking at where is that? Yeah, 15"}, {"start": "00:05:15", "end": "00:05:19", "text": "I think eight at the lowest and then"}, {"start": "00:05:17", "end": "00:05:20", "text": "here we are at 54 right now. This always"}, {"start": "00:05:19", "end": "00:05:22", "text": "concerns me when we've seen these kind"}, {"start": "00:05:20", "end": "00:05:25", "text": "of movements in a very short period of"}, {"start": "00:05:22", "end": "00:05:26", "text": "time and at the same time seeing things"}, {"start": "00:05:25", "end": "00:05:29", "text": "like this right here where you have"}, {"start": "00:05:26", "end": "00:05:30", "text": "Bitcoin breaking and getting another 5%"}, {"start": "00:05:29", "end": "00:05:33", "text": "gain. And this is now extending out to"}, {"start": "00:05:30", "end": "00:05:36", "text": "74K. Then you have things like this."}, {"start": "00:05:33", "end": "00:05:39", "text": "Crypto is on track which for what could"}, {"start": "00:05:36", "end": "00:05:42", "text": "be the largest liquidation event of"}, {"start": "00:05:39", "end": "00:05:44", "text": "2026. This 2.8 billion setting in right"}, {"start": "00:05:42", "end": "00:05:46", "text": "now in forced crypto selling is expected"}, {"start": "00:05:44", "end": "00:05:49", "text": "to hit the market. This will happen on"}, {"start": "00:05:46", "end": "00:05:52", "text": "guess what IRS deadline. So, do you guys"}, {"start": "00:05:49", "end": "00:05:56", "text": "think that this is a short run up to"}, {"start": "00:05:52", "end": "00:05:58", "text": "that April 15th, which is tomorrow, or"}, {"start": "00:05:56", "end": "00:05:59", "text": "do you feel this is just a blast through"}, {"start": "00:05:58", "end": "00:06:03", "text": "and we're going to see continued growth"}, {"start": "00:05:59", "end": "00:06:05", "text": "on uh both ETH and Bitcoin and a lot of"}, {"start": "00:06:03", "end": "00:06:07", "text": "these assets that have been moving, even"}, {"start": "00:06:05", "end": "00:06:09", "text": "the S&P 500? Let me know in the comments"}, {"start": "00:06:07", "end": "00:06:12", "text": "down below. Bullish or bearish? Just put"}, {"start": "00:06:09", "end": "00:06:15", "text": "bullish. Bearish. Let's go to this tweet"}, {"start": "00:06:12", "end": "00:06:17", "text": "right here because one guy that is still"}, {"start": "00:06:15", "end": "00:06:20", "text": "bullish is of course Michael Sailor and"}, {"start": "00:06:17", "end": "00:06:21", "text": "Strategies portfolio is back in profit"}, {"start": "00:06:20", "end": "00:06:23", "text": "and you can see it right there. It"}, {"start": "00:06:21", "end": "00:06:26", "text": "doesn't take much. They're up 10% right"}, {"start": "00:06:23", "end": "00:06:28", "text": "now which is extensive when you look at"}, {"start": "00:06:26", "end": "00:06:33", "text": "this and when you look at what Strategy"}, {"start": "00:06:28", "end": "00:06:35", "text": "is in right now. It's amazing to me that"}, {"start": "00:06:33", "end": "00:06:39", "text": "they are in profit in a in a time in"}, {"start": "00:06:35", "end": "00:06:41", "text": "which Bitcoin is trading under 80K. And"}, {"start": "00:06:39", "end": "00:06:43", "text": "the only reason I say that is because"}, {"start": "00:06:41", "end": "00:06:45", "text": "many people would say that we've been"}, {"start": "00:06:43", "end": "00:06:48", "text": "through a very significant bearish"}, {"start": "00:06:45", "end": "00:06:51", "text": "period yet strategy strategy right now"}, {"start": "00:06:48", "end": "00:06:53", "text": "starting to show some signs of life. So"}, {"start": "00:06:51", "end": "00:06:54", "text": "pretty good moves there for sure."}, {"start": "00:06:53", "end": "00:06:55", "text": "Speaking of that, if you just take a"}, {"start": "00:06:54", "end": "00:06:58", "text": "look at the strategy chart and go all"}, {"start": "00:06:55", "end": "00:07:00", "text": "the way back into May of 22, this was"}, {"start": "00:06:58", "end": "00:07:03", "text": "the time in which strategy actually"}, {"start": "00:07:00", "end": "00:07:06", "text": "bottomed ahead of Bitcoin. So is that"}, {"start": "00:07:03", "end": "00:07:07", "text": "maybe what is happening right now? And"}, {"start": "00:07:06", "end": "00:07:09", "text": "of course, Strategy has been absolutely"}, {"start": "00:07:07", "end": "00:07:11", "text": "on fire since then. If you're looking at"}, {"start": "00:07:09", "end": "00:07:14", "text": "where it's been trading, are we near"}, {"start": "00:07:11", "end": "00:07:16", "text": "another bottom here for Strategy"}, {"start": "00:07:14", "end": "00:07:18", "text": "currently trading at 137. One last thing"}, {"start": "00:07:16", "end": "00:07:20", "text": "I want to show. If you just look at the"}, {"start": "00:07:18", "end": "00:07:22", "text": "high of where it was in November 24 as"}, {"start": "00:07:20", "end": "00:07:25", "text": "to where it is right now, that is almost"}, {"start": "00:07:22", "end": "00:07:28", "text": "80% down. So much like an altcoin in"}, {"start": "00:07:25", "end": "00:07:30", "text": "many cases that you would see. Is this a"}, {"start": "00:07:28", "end": "00:07:32", "text": "play right now? Would you guys go in on"}, {"start": "00:07:30", "end": "00:07:34", "text": "Micro Strategy as a hedge on what's"}, {"start": "00:07:32", "end": "00:07:36", "text": "happening with the digital asset side?"}, {"start": "00:07:34", "end": "00:07:38", "text": "Let me know down in the comments. Here"}, {"start": "00:07:36", "end": "00:07:40", "text": "was a an interesting tweet by Pull"}, {"start": "00:07:38", "end": "00:07:42", "text": "Theory uh that the US is now introducing"}, {"start": "00:07:40", "end": "00:07:44", "text": "a bill that would make stable coin"}, {"start": "00:07:42", "end": "00:07:47", "text": "transactions completely taxfree. I"}, {"start": "00:07:44", "end": "00:07:49", "text": "thought we were trying to work on a bill"}, {"start": "00:07:47", "end": "00:07:52", "text": "that would make Bitcoin transactions"}, {"start": "00:07:49", "end": "00:07:54", "text": "taxfree. So, how does that play into"}, {"start": "00:07:52", "end": "00:07:56", "text": "this going forward? I just don't uh I"}, {"start": "00:07:54", "end": "00:07:59", "text": "don't get that. I want to play another"}, {"start": "00:07:56", "end": "00:08:01", "text": "clip here too because all of this goes"}, {"start": "00:07:59", "end": "00:08:03", "text": "into one thing that matters the most for"}, {"start": "00:08:01", "end": "00:08:06", "text": "crypto and that of course is clarity."}, {"start": "00:08:03", "end": "00:08:08", "text": "And here's Tim Scott talking about how"}, {"start": "00:08:06", "end": "00:08:10", "text": "long. Take a look."}, {"start": "00:08:08", "end": "00:08:12", "text": ">> Well, the White House uh came out with a"}, {"start": "00:08:10", "end": "00:08:13", "text": "report just recently that suggested"}, {"start": "00:08:12", "end": "00:08:15", "text": "quite the opposite would be the case"}, {"start": "00:08:13", "end": "00:08:19", "text": "that we would not we have not seen any"}, {"start": "00:08:15", "end": "00:08:21", "text": "uh savings accounts leak into uh stable"}, {"start": "00:08:19", "end": "00:08:22", "text": "coins. We actually saw an increase in"}, {"start": "00:08:21", "end": "00:08:24", "text": "the number of dollars put into savings"}, {"start": "00:08:22", "end": "00:08:26", "text": "accounts over since the third quarter of"}, {"start": "00:08:24", "end": "00:08:28", "text": "last year. I wanted to dig into those"}, {"start": "00:08:26", "end": "00:08:30", "text": "numbers to make sure that I understood"}, {"start": "00:08:28", "end": "00:08:34", "text": "and appreciated the reality versus the"}, {"start": "00:08:30", "end": "00:08:36", "text": "fiction of this the the flight of"}, {"start": "00:08:34", "end": "00:08:38", "text": "savings deposits. We haven't seen that"}, {"start": "00:08:36", "end": "00:08:40", "text": "to be honest with you since the passage"}, {"start": "00:08:38", "end": "00:08:42", "text": "of the Genius Act. So the question"}, {"start": "00:08:40", "end": "00:08:44", "text": "really is what's the real issue and the"}, {"start": "00:08:42", "end": "00:08:47", "text": "real issue is fear. Sometimes they say"}, {"start": "00:08:44", "end": "00:08:49", "text": "fear false evidence appearing real."}, {"start": "00:08:47", "end": "00:08:50", "text": "That's a fact. Today we have not seen"}, {"start": "00:08:49", "end": "00:08:51", "text": "the leakage that people have talked"}, {"start": "00:08:50", "end": "00:08:52", "text": "about."}, {"start": "00:08:51", "end": "00:08:55", "text": ">> So when do you expect the markup of"}, {"start": "00:08:52", "end": "00:08:58", "text": "clarity?"}, {"start": "00:08:55", "end": "00:09:01", "text": "Well, I won't be as clear on that as I"}, {"start": "00:08:58", "end": "00:09:03", "text": "was on on Kevin Walsh because there are"}, {"start": "00:09:01", "end": "00:09:05", "text": "three major components that need to be"}, {"start": "00:09:03", "end": "00:09:07", "text": "solved. Number one, the rewards issue. I"}, {"start": "00:09:05", "end": "00:09:10", "text": "believe we'll have that solved within"}, {"start": "00:09:07", "end": "00:09:12", "text": "the next two weeks. Uh number two, we"}, {"start": "00:09:10", "end": "00:09:14", "text": "got to make sure that the DeFi piece is"}, {"start": "00:09:12", "end": "00:09:17", "text": "in place. And I believe that that is"}, {"start": "00:09:14", "end": "00:09:19", "text": "almost as close uh as the the rewards"}, {"start": "00:09:17", "end": "00:09:21", "text": "piece. And then number three, we need to"}, {"start": "00:09:19", "end": "00:09:23", "text": "make sure that every single Republican's"}, {"start": "00:09:21", "end": "00:09:25", "text": "on the same page at the same time. And"}, {"start": "00:09:23", "end": "00:09:26", "text": "frankly, I think that takes another"}, {"start": "00:09:25", "end": "00:09:27", "text": "couple weeks for us to get there as"}, {"start": "00:09:26", "end": "00:09:29", "text": "well."}, {"start": "00:09:27", "end": "00:09:31", "text": ">> Lots of negotiations happening right now"}, {"start": "00:09:29", "end": "00:09:33", "text": "over the next few weeks. We will"}, {"start": "00:09:31", "end": "00:09:35", "text": "definitely be on the lookout as we get"}, {"start": "00:09:33", "end": "00:09:37", "text": "into that. Other things that are"}, {"start": "00:09:35", "end": "00:09:40", "text": "happening that are important to not only"}, {"start": "00:09:37", "end": "00:09:41", "text": "the market, but I think also the"}, {"start": "00:09:40", "end": "00:09:44", "text": "sentiment in general because and that of"}, {"start": "00:09:41", "end": "00:09:46", "text": "course will be Kevin Walsh and his new"}, {"start": "00:09:44", "end": "00:09:50", "text": "uh basically his new job at the Federal"}, {"start": "00:09:46", "end": "00:09:52", "text": "Reserve. Guess what? He disclosed assets"}, {"start": "00:09:50", "end": "00:09:55", "text": "over hund00 million. What was"}, {"start": "00:09:52", "end": "00:09:56", "text": "interesting was the breakdown and you"}, {"start": "00:09:55", "end": "00:09:58", "text": "can kind of see a little bit of it. Some"}, {"start": "00:09:56", "end": "00:10:01", "text": "of the names included compound, this is"}, {"start": "00:09:58", "end": "00:10:02", "text": "DeFi platform, optimism, ETH, Salana."}, {"start": "00:10:01", "end": "00:10:03", "text": "So, we went out and looked and said,"}, {"start": "00:10:02", "end": "00:10:06", "text": "\"All right, well, let's go take a look"}, {"start": "00:10:03", "end": "00:10:08", "text": "at some of what his asset structure"}, {"start": "00:10:06", "end": "00:10:09", "text": "looks like.\" And here's the breakdown."}, {"start": "00:10:08", "end": "00:10:12", "text": "Infrastructure and ecosystem. We had"}, {"start": "00:10:09", "end": "00:10:15", "text": "Salana, Optimism, Lightning, and then uh"}, {"start": "00:10:12", "end": "00:10:17", "text": "a decentralized social platform,"}, {"start": "00:10:15", "end": "00:10:20", "text": "consumer applications in Poly Market,"}, {"start": "00:10:17", "end": "00:10:23", "text": "Brave Browser, DYDX, Canvas, and even"}, {"start": "00:10:20", "end": "00:10:26", "text": "friends with benefits. So interesting."}, {"start": "00:10:23", "end": "00:10:29", "text": "Uh and then of course specialized tools,"}, {"start": "00:10:26", "end": "00:10:31", "text": "you had Crossman, Dapper, Creator, Dow,"}, {"start": "00:10:29", "end": "00:10:35", "text": "and I mean this this is a DGEN"}, {"start": "00:10:31", "end": "00:10:37", "text": "portfolio. So very he's on our side."}, {"start": "00:10:35", "end": "00:10:38", "text": "He's on our side. So, I'm assuming that"}, {"start": "00:10:37", "end": "00:10:40", "text": "that means we're going to start seeing"}, {"start": "00:10:38", "end": "00:10:42", "text": "some activity at the Fed. So, I want to"}, {"start": "00:10:40", "end": "00:10:44", "text": "put out also, this was, of course, Paulo"}, {"start": "00:10:42", "end": "00:10:45", "text": "Ordino, the CEO of Tether, uh,"}, {"start": "00:10:44", "end": "00:10:48", "text": "announcing the Tether wallet. This is a"}, {"start": "00:10:45", "end": "00:10:50", "text": "big deal because one, it has a quite a"}, {"start": "00:10:48", "end": "00:10:52", "text": "bit of an effect on what's going on"}, {"start": "00:10:50", "end": "00:10:54", "text": "around the world. The likelihood Tether"}, {"start": "00:10:52", "end": "00:10:56", "text": "being the most active stable coin out"}, {"start": "00:10:54", "end": "00:10:57", "text": "there is the network that is getting"}, {"start": "00:10:56", "end": "00:10:59", "text": "ready to happen. If you go to the"}, {"start": "00:10:57", "end": "00:11:01", "text": "website, you can kind of see digital"}, {"start": "00:10:59", "end": "00:11:04", "text": "dollars, this going to be Bitcoin, gold,"}, {"start": "00:11:01", "end": "00:11:06", "text": "and a lot of this is transacting on"}, {"start": "00:11:04", "end": "00:11:08", "text": "guess what? Ethereum. And if you look at"}, {"start": "00:11:06", "end": "00:11:10", "text": "the actual uh ad that they were putting"}, {"start": "00:11:08", "end": "00:11:12", "text": "out there, they're just I mean they're"}, {"start": "00:11:10", "end": "00:11:14", "text": "going all in on this. So pretty big"}, {"start": "00:11:12", "end": "00:11:18", "text": "deal. And the unique thing is is that"}, {"start": "00:11:14", "end": "00:11:21", "text": "this is going to end up not using the"}, {"start": "00:11:18", "end": "00:11:22", "text": "chain that is built on and controls most"}, {"start": "00:11:21", "end": "00:11:25", "text": "of the stable coin. In fact, it's going"}, {"start": "00:11:22", "end": "00:11:28", "text": "to be using Ethereum within this. So"}, {"start": "00:11:25", "end": "00:11:30", "text": "imagine when this gets ready to go into"}, {"start": "00:11:28", "end": "00:11:33", "text": "other assets other than Bitcoin, ETH,"}, {"start": "00:11:30", "end": "00:11:35", "text": "XAT, etc. This would be a big deal for"}, {"start": "00:11:33", "end": "00:11:38", "text": "sure. I want to play a clip here by"}, {"start": "00:11:35", "end": "00:11:40", "text": "Larry Frink and he is talking about how"}, {"start": "00:11:38", "end": "00:11:43", "text": "Americans are investing."}, {"start": "00:11:40", "end": "00:11:46", "text": ">> 40% of Americans do not invest in in in"}, {"start": "00:11:43", "end": "00:11:48", "text": "in the financial markets, but the 60%"}, {"start": "00:11:46", "end": "00:11:51", "text": "have grown dramatically. And the only"}, {"start": "00:11:48", "end": "00:11:54", "text": "way this can make sense is a long-term"}, {"start": "00:11:51", "end": "00:11:56", "text": "optimistic view. And in almost every"}, {"start": "00:11:54", "end": "00:11:59", "text": "period of time in our lifetimes, if you"}, {"start": "00:11:56", "end": "00:12:01", "text": "bought the dips every time, you would"}, {"start": "00:11:59", "end": "00:12:03", "text": "have benefited. I mean, think about it."}, {"start": "00:12:01", "end": "00:12:06", "text": "My letter talks about if you invested on"}, {"start": "00:12:03", "end": "00:12:08", "text": "January 1st, 2000 and a year later we"}, {"start": "00:12:06", "end": "00:12:11", "text": "had a 40% draw down. We we had the"}, {"start": "00:12:08", "end": "00:12:13", "text": "dotcom boom. We had the great financial"}, {"start": "00:12:11", "end": "00:12:14", "text": "crisis. We had COVID we had many other"}, {"start": "00:12:13", "end": "00:12:15", "text": "things. But you made over eight times"}, {"start": "00:12:14", "end": "00:12:17", "text": "your money."}, {"start": "00:12:15", "end": "00:12:19", "text": ">> All right. So what Larry was getting at"}, {"start": "00:12:17", "end": "00:12:21", "text": "is there's basically two types of of"}, {"start": "00:12:19", "end": "00:12:23", "text": "investors. The ones who don't invest and"}, {"start": "00:12:21", "end": "00:12:26", "text": "the ones that do. Right now is a good"}, {"start": "00:12:23", "end": "00:12:28", "text": "example of this K K-shaped chart. This"}, {"start": "00:12:26", "end": "00:12:31", "text": "is investors winning and everybody else"}, {"start": "00:12:28", "end": "00:12:33", "text": "that's not investing just like a regular"}, {"start": "00:12:31", "end": "00:12:36", "text": "person who's getting a WT getting a"}, {"start": "00:12:33", "end": "00:12:39", "text": "paycheck. That's the 60% that is"}, {"start": "00:12:36", "end": "00:12:41", "text": "basically getting beaten every year by"}, {"start": "00:12:39", "end": "00:12:43", "text": "inflation. You know how much inflation"}, {"start": "00:12:41", "end": "00:12:45", "text": "is going up but yet at the same time"}, {"start": "00:12:43", "end": "00:12:47", "text": "you're not going out and putting it into"}, {"start": "00:12:45", "end": "00:12:50", "text": "any kind of asset and the asset is the"}, {"start": "00:12:47", "end": "00:12:52", "text": "only way that the market wins. So and"}, {"start": "00:12:50", "end": "00:12:54", "text": "you win uh going forward. Other things"}, {"start": "00:12:52", "end": "00:12:56", "text": "that are hitting right now which is good"}, {"start": "00:12:54", "end": "00:12:58", "text": "news is that finally there's going to be"}, {"start": "00:12:56", "end": "00:13:00", "text": "a transfer of wealth and that is that"}, {"start": "00:12:58", "end": "00:13:04", "text": "Gen Z and millennials are going to be"}, {"start": "00:13:00", "end": "00:13:06", "text": "right now 44% 45% of them own crypto."}, {"start": "00:13:04", "end": "00:13:10", "text": "That's a good news. 18% of Gen X and"}, {"start": "00:13:06", "end": "00:13:13", "text": "baby boomers do not. But that means that"}, {"start": "00:13:10", "end": "00:13:15", "text": "we are going to see 110 trillion in"}, {"start": "00:13:13", "end": "00:13:17", "text": "wealth transfer from older generations"}, {"start": "00:13:15", "end": "00:13:19", "text": "to millennials and Gen Z in the coming"}, {"start": "00:13:17", "end": "00:13:22", "text": "decades. You only know where this is"}, {"start": "00:13:19", "end": "00:13:24", "text": "going. This is shifting over to digital"}, {"start": "00:13:22", "end": "00:13:26", "text": "assets. A lot of the upstart, whether we"}, {"start": "00:13:24", "end": "00:13:27", "text": "see it in AI or the next generation"}, {"start": "00:13:26", "end": "00:13:30", "text": "technology products that are going to be"}, {"start": "00:13:27", "end": "00:13:32", "text": "coming out in the S&P. This is why you"}, {"start": "00:13:30", "end": "00:13:34", "text": "guys need to pay attention to it. One"}, {"start": "00:13:32", "end": "00:13:36", "text": "more thing that is hitting on sentiment"}, {"start": "00:13:34", "end": "00:13:38", "text": "was this right here. And this, I think,"}, {"start": "00:13:36", "end": "00:13:40", "text": "brings hope to a lot of people because"}, {"start": "00:13:38", "end": "00:13:43", "text": "hope is really a driver of sentiment."}, {"start": "00:13:40", "end": "00:13:46", "text": "Sentiment is a driver of action. And"}, {"start": "00:13:43", "end": "00:13:48", "text": "that means that things change. And right"}, {"start": "00:13:46", "end": "00:13:51", "text": "here, Victor Orban, who has been in"}, {"start": "00:13:48", "end": "00:13:53", "text": "Hungary for quite some time, just got"}, {"start": "00:13:51", "end": "00:13:55", "text": "ousted in the 2026 results. This could"}, {"start": "00:13:53", "end": "00:13:57", "text": "also translate to the United States in"}, {"start": "00:13:55", "end": "00:13:59", "text": "terms of the midterms for what's"}, {"start": "00:13:57", "end": "00:14:01", "text": "happening in the Trump administration."}, {"start": "00:13:59", "end": "00:14:02", "text": "This again gets back and there's a lot"}, {"start": "00:14:01", "end": "00:14:05", "text": "of other countries that are also facing"}, {"start": "00:14:02", "end": "00:14:08", "text": "this kind of scenario. Are we seeing a"}, {"start": "00:14:05", "end": "00:14:10", "text": "global shift in this? Not only from a"}, {"start": "00:14:08", "end": "00:14:12", "text": "macro standpoint, but possibly from a"}, {"start": "00:14:10", "end": "00:14:15", "text": "financial standpoint, especially as"}, {"start": "00:14:12", "end": "00:14:16", "text": "digital assets start to re supreme."}, {"start": "00:14:15", "end": "00:14:19", "text": "We're going to be covering this and a"}, {"start": "00:14:16", "end": "00:14:22", "text": "lot more as clarity gets closer. Stay"}, {"start": "00:14:19", "end": "00:14:22", "text": "tuned."}, {"start": "00:14:25", "end": "00:14:29", "text": "If you like this video, hit like and"}, {"start": "00:14:27", "end": "00:14:32", "text": "subscribe. Drop a comment down below and"}, {"start": "00:14:29", "end": "00:14:36", "text": "also join our free private member group."}, {"start": "00:14:32", "end": "00:14:36", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "We could be on the verge of an ultimate"}, {"start": "00:00:01", "end": "00:00:04", "text": "black swan today. We'll break it down"}, {"start": "00:00:03", "end": "00:00:07", "text": "with you. A lot of things happening over"}, {"start": "00:00:04", "end": "00:00:10", "text": "the weekend. I want to start off with"}, {"start": "00:00:07", "end": "00:00:13", "text": "something that is very uh near and dear."}, {"start": "00:00:10", "end": "00:00:16", "text": "And the point is is that you guys should"}, {"start": "00:00:13", "end": "00:00:18", "text": "always make sure on everything of what"}, {"start": "00:00:16", "end": "00:00:20", "text": "you're doing in terms of especially on"}, {"start": "00:00:18", "end": "00:00:21", "text": "these wallets. This is a fake ledger app"}, {"start": "00:00:20", "end": "00:00:22", "text": "that was on the app store. I know this"}, {"start": "00:00:21", "end": "00:00:24", "text": "is the Apple app store. A lot of people"}, {"start": "00:00:22", "end": "00:00:27", "text": "would say, \"Well, that's vetted all"}, {"start": "00:00:24", "end": "00:00:28", "text": "that.\" Just practice good hygiene in"}, {"start": "00:00:27", "end": "00:00:30", "text": "anytime you're downloading these kind of"}, {"start": "00:00:28", "end": "00:00:32", "text": "wallet things. If it is a if it is a"}, {"start": "00:00:30", "end": "00:00:34", "text": "Tangum wallet, when you get a brand new"}, {"start": "00:00:32", "end": "00:00:36", "text": "Tang wallet, you get a QR code. That's"}, {"start": "00:00:34", "end": "00:00:37", "text": "how you get the app. So, you're going to"}, {"start": "00:00:36", "end": "00:00:38", "text": "know that's secure. One of the things"}, {"start": "00:00:37", "end": "00:00:41", "text": "you want to do is jump over to"}, {"start": "00:00:38", "end": "00:00:44", "text": "tandem.com. You can go to the website"}, {"start": "00:00:41", "end": "00:00:47", "text": "tangum.com and you'll be able to get an"}, {"start": "00:00:44", "end": "00:00:49", "text": "order, an actual hardware wallet. It's"}, {"start": "00:00:47", "end": "00:00:51", "text": "going to come to your physical address."}, {"start": "00:00:49", "end": "00:00:53", "text": "You're going to have that wallet in your"}, {"start": "00:00:51", "end": "00:00:54", "text": "possession that's going to be able to"}, {"start": "00:00:53", "end": "00:00:57", "text": "get you in and make sure that you have a"}, {"start": "00:00:54", "end": "00:00:59", "text": "secure and it's listen, this works with"}, {"start": "00:00:57", "end": "00:01:01", "text": "banking apps. This is going to work with"}, {"start": "00:00:59", "end": "00:01:02", "text": "crypto on banking apps in the future."}, {"start": "00:01:01", "end": "00:01:05", "text": "And what I'm saying is is all these kind"}, {"start": "00:01:02", "end": "00:01:07", "text": "of scenarios. So check out Tandem. Uh do"}, {"start": "00:01:05", "end": "00:01:08", "text": "your best to get in self- custody. It's"}, {"start": "00:01:07", "end": "00:01:11", "text": "one of the best things you can do. All"}, {"start": "00:01:08", "end": "00:01:13", "text": "right, let's go into some things that"}, {"start": "00:01:11", "end": "00:01:15", "text": "were happening over the weekend. One of"}, {"start": "00:01:13", "end": "00:01:17", "text": "the things that of course everybody's"}, {"start": "00:01:15", "end": "00:01:19", "text": "kind of pointing to is the sentiment of"}, {"start": "00:01:17", "end": "00:01:21", "text": "the market. One of the things that kind"}, {"start": "00:01:19", "end": "00:01:24", "text": "of dictates the sentiment of the market"}, {"start": "00:01:21", "end": "00:01:26", "text": "is the overall sentiment of consumers."}, {"start": "00:01:24", "end": "00:01:29", "text": "This is un University of Michigan"}, {"start": "00:01:26", "end": "00:01:33", "text": "hitting back a sentiment score that is"}, {"start": "00:01:29", "end": "00:01:35", "text": "lower than all the way back to 1952. We"}, {"start": "00:01:33", "end": "00:01:37", "text": "had a 4760 right there. Look at all"}, {"start": "00:01:35", "end": "00:01:41", "text": "these things that happened. The 1991"}, {"start": "00:01:37", "end": "00:01:44", "text": "recession, the 8182 recession, the 1980"}, {"start": "00:01:41", "end": "00:01:47", "text": "recession. None of which made the depth"}, {"start": "00:01:44", "end": "00:01:49", "text": "of where we are right now in terms of"}, {"start": "00:01:47", "end": "00:01:50", "text": "consumer sentiment. That worries me."}, {"start": "00:01:49", "end": "00:01:52", "text": "It's the thing that I've con, you know,"}, {"start": "00:01:50", "end": "00:01:53", "text": "consistently been talking about quite a"}, {"start": "00:01:52", "end": "00:01:55", "text": "bit here on the show over the last"}, {"start": "00:01:53", "end": "00:01:57", "text": "really 18 months is that sentiment is a"}, {"start": "00:01:55", "end": "00:01:59", "text": "concern. The other thing that really"}, {"start": "00:01:57", "end": "00:02:01", "text": "concerns me, has always concerned me is"}, {"start": "00:01:59", "end": "00:02:03", "text": "going to be the job side of it. But here"}, {"start": "00:02:01", "end": "00:02:05", "text": "is another thing that I think people are"}, {"start": "00:02:03", "end": "00:02:07", "text": "looking for. The market is absolutely"}, {"start": "00:02:05", "end": "00:02:10", "text": "desperate for some good news. And I"}, {"start": "00:02:07", "end": "00:02:12", "text": "agree that it is with everything that's"}, {"start": "00:02:10", "end": "00:02:14", "text": "going on in Iran, with everything that"}, {"start": "00:02:12", "end": "00:02:17", "text": "happened over the weekend. We had JD"}, {"start": "00:02:14", "end": "00:02:20", "text": "Vance failing on being able to get a"}, {"start": "00:02:17", "end": "00:02:23", "text": "deal. Now you've got uh the US now"}, {"start": "00:02:20", "end": "00:02:25", "text": "blockading outside the blockade. Uh all"}, {"start": "00:02:23", "end": "00:02:27", "text": "of that I think boils down to just"}, {"start": "00:02:25", "end": "00:02:29", "text": "consumer sentiment that continues to"}, {"start": "00:02:27", "end": "00:02:32", "text": "float negative. The other thing you have"}, {"start": "00:02:29", "end": "00:02:33", "text": "to consider is even though scams are all"}, {"start": "00:02:32", "end": "00:02:36", "text": "around you know crypto has their share"}, {"start": "00:02:33", "end": "00:02:38", "text": "of scams it's a very small market and"}, {"start": "00:02:36", "end": "00:02:42", "text": "overall when you think about it $2.5"}, {"start": "00:02:38", "end": "00:02:45", "text": "trillion but right now 11.4 billion in"}, {"start": "00:02:42", "end": "00:02:47", "text": "2025 the agency logged 181,000"}, {"start": "00:02:45", "end": "00:02:51", "text": "complaints. Now if the if you compare"}, {"start": "00:02:47", "end": "00:02:55", "text": "this to fiat, it's a dwarf compared to"}, {"start": "00:02:51", "end": "00:02:58", "text": "what fiats is. But the point is for it"}, {"start": "00:02:55", "end": "00:02:59", "text": "to have this level is still a concern."}, {"start": "00:02:58", "end": "00:03:02", "text": "And I think this is something that"}, {"start": "00:02:59", "end": "00:03:05", "text": "everybody out there just due diligence"}, {"start": "00:03:02", "end": "00:03:07", "text": "always always and and in some cases"}, {"start": "00:03:05", "end": "00:03:09", "text": "right now it's just a matter of going"}, {"start": "00:03:07", "end": "00:03:10", "text": "into the cornerstone of where crypto is."}, {"start": "00:03:09", "end": "00:03:12", "text": "And what I mean by that, whether it's"}, {"start": "00:03:10", "end": "00:03:14", "text": "Bitcoin, Ethereum, a handful of the top"}, {"start": "00:03:12", "end": "00:03:17", "text": "10 tokens, those are really the ones"}, {"start": "00:03:14", "end": "00:03:19", "text": "that uh we see more and more moving on."}, {"start": "00:03:17", "end": "00:03:21", "text": "And of course, the key here around all"}, {"start": "00:03:19", "end": "00:03:23", "text": "of this is going to be centered around"}, {"start": "00:03:21", "end": "00:03:25", "text": "clarity. Now, Clarity Act, many people"}, {"start": "00:03:23", "end": "00:03:28", "text": "are looking at the timing here. And what"}, {"start": "00:03:25", "end": "00:03:30", "text": "it boils down to is that the Senate"}, {"start": "00:03:28", "end": "00:03:34", "text": "floor has got to get this thing passed"}, {"start": "00:03:30", "end": "00:03:36", "text": "hopefully before what we will see most"}, {"start": "00:03:34", "end": "00:03:38", "text": "likely is early May. And the reason is"}, {"start": "00:03:36", "end": "00:03:40", "text": "it's going to go back to the House. Now,"}, {"start": "00:03:38", "end": "00:03:42", "text": "if you remember, uh, the Genius Act,"}, {"start": "00:03:40", "end": "00:03:44", "text": "that kind of exchange took a few weeks."}, {"start": "00:03:42", "end": "00:03:46", "text": "Then it's got to be able to get and"}, {"start": "00:03:44", "end": "00:03:49", "text": "signed and voted on and then signed into"}, {"start": "00:03:46", "end": "00:03:52", "text": "law. And whether this all boils down to"}, {"start": "00:03:49", "end": "00:03:54", "text": "a July 4th signing, which is where I"}, {"start": "00:03:52", "end": "00:03:56", "text": "kind of anticipate that if we get this"}, {"start": "00:03:54", "end": "00:03:59", "text": "through, it's going to happen. But the"}, {"start": "00:03:56", "end": "00:04:02", "text": "point is is timing is now getting very,"}, {"start": "00:03:59", "end": "00:04:04", "text": "very tight, much tighter than it has"}, {"start": "00:04:02", "end": "00:04:06", "text": "been at any other point around clarity."}, {"start": "00:04:04", "end": "00:04:08", "text": "So, we are watching. The other thing"}, {"start": "00:04:06", "end": "00:04:10", "text": "that's been going on right now, of"}, {"start": "00:04:08", "end": "00:04:15", "text": "course, is Trump's World Liberty Fi is"}, {"start": "00:04:10", "end": "00:04:18", "text": "now making uh what could be an FTXesque"}, {"start": "00:04:15", "end": "00:04:19", "text": "move, and that is borrowing against its"}, {"start": "00:04:18", "end": "00:04:22", "text": "own crypto token. And we've seen this"}, {"start": "00:04:19", "end": "00:04:23", "text": "before, guys. It is something that has"}, {"start": "00:04:22", "end": "00:04:25", "text": "been out there. Here's Justin Sun kind"}, {"start": "00:04:23", "end": "00:04:27", "text": "of hitting on it. Whoever's hiding"}, {"start": "00:04:25", "end": "00:04:28", "text": "behind this official account, step"}, {"start": "00:04:27", "end": "00:04:32", "text": "forward, identify yourself. What he's"}, {"start": "00:04:28", "end": "00:04:34", "text": "talking about is the the one issue that"}, {"start": "00:04:32", "end": "00:04:35", "text": "was freezing his funds. And you kind of"}, {"start": "00:04:34", "end": "00:04:38", "text": "get into this statement right here. And"}, {"start": "00:04:35", "end": "00:04:39", "text": "I think this is intriguing. Uh, and it"}, {"start": "00:04:38", "end": "00:04:42", "text": "says, \"We can't catch a break from"}, {"start": "00:04:39", "end": "00:04:44", "text": "looking like the most unserious industry"}, {"start": "00:04:42", "end": "00:04:47", "text": "out there. World Liberty Fi blacklisted"}, {"start": "00:04:44", "end": "00:04:49", "text": "Justin Sun's supply, who is their number"}, {"start": "00:04:47", "end": "00:04:51", "text": "one holder, printed billions of their"}, {"start": "00:04:49", "end": "00:04:53", "text": "own tokens. We've seen this.\" And then"}, {"start": "00:04:51", "end": "00:04:55", "text": "borrowed 80 million in stable coins"}, {"start": "00:04:53", "end": "00:04:58", "text": "against it. The stable coin pool is now"}, {"start": "00:04:55", "end": "00:05:00", "text": "at max liquidity borrowed. So those who"}, {"start": "00:04:58", "end": "00:05:02", "text": "wanted to withdraw won't be able to. And"}, {"start": "00:05:00", "end": "00:05:04", "text": "then no one can withdraw without"}, {"start": "00:05:02", "end": "00:05:06", "text": "suffering some big slippage here. So"}, {"start": "00:05:04", "end": "00:05:09", "text": "these are the kind of things we have"}, {"start": "00:05:06", "end": "00:05:12", "text": "seen happen before in crypto. So it is"}, {"start": "00:05:09", "end": "00:05:15", "text": "something if you go back into the 2021"}, {"start": "00:05:12", "end": "00:05:16", "text": "cycle, you go back into 2017 and even"}, {"start": "00:05:15", "end": "00:05:19", "text": "prior to that, you know, there's been"}, {"start": "00:05:16", "end": "00:05:22", "text": "every cycle there's always been one of"}, {"start": "00:05:19", "end": "00:05:25", "text": "these major events, we may be nearing"}, {"start": "00:05:22", "end": "00:05:27", "text": "one right now. When you go over to the"}, {"start": "00:05:25", "end": "00:05:29", "text": "World Liberty Financial website, and I'm"}, {"start": "00:05:27", "end": "00:05:32", "text": "just going to say right now, guys, is"}, {"start": "00:05:29", "end": "00:05:35", "text": "what are you doing? If you're in WLFI,"}, {"start": "00:05:32", "end": "00:05:37", "text": "you should just exit. Exit the token. No"}, {"start": "00:05:35", "end": "00:05:39", "text": "reason to hold it or risk anything that"}, {"start": "00:05:37", "end": "00:05:41", "text": "has any of these kind of drama that's"}, {"start": "00:05:39", "end": "00:05:43", "text": "going on. And that's what's happening"}, {"start": "00:05:41", "end": "00:05:46", "text": "right now. This is the website and it's"}, {"start": "00:05:43", "end": "00:05:48", "text": "the about page. This is not what the"}, {"start": "00:05:46", "end": "00:05:51", "text": "about page used to look like, but it"}, {"start": "00:05:48", "end": "00:05:55", "text": "looks like that now. It used to look"}, {"start": "00:05:51", "end": "00:05:57", "text": "like this. This was the about page. So,"}, {"start": "00:05:55", "end": "00:05:59", "text": "as you can see, there are some"}, {"start": "00:05:57", "end": "00:06:00", "text": "interesting things happening. You know,"}, {"start": "00:05:59", "end": "00:06:03", "text": "I'm not saying, hey, sure, everybody"}, {"start": "00:06:00", "end": "00:06:06", "text": "changes their website, but normally when"}, {"start": "00:06:03", "end": "00:06:10", "text": "you have major key executives and key"}, {"start": "00:06:06", "end": "00:06:12", "text": "investors or key advisors, this is what"}, {"start": "00:06:10", "end": "00:06:14", "text": "you're looking at. And I am uh very"}, {"start": "00:06:12", "end": "00:06:16", "text": "concerned anytime I kind of see those"}, {"start": "00:06:14", "end": "00:06:18", "text": "kind of situations playing out. And just"}, {"start": "00:06:16", "end": "00:06:19", "text": "remember this guy right here, Chase"}, {"start": "00:06:18", "end": "00:06:22", "text": "Harrow, this is the guy that was"}, {"start": "00:06:19", "end": "00:06:24", "text": "involved in the Logan Paul deal. And"}, {"start": "00:06:22", "end": "00:06:27", "text": "that was in the NFT situation where"}, {"start": "00:06:24", "end": "00:06:29", "text": "Logan Paul took a big hit. And I granted"}, {"start": "00:06:27", "end": "00:06:30", "text": "there's a lot of companies and and"}, {"start": "00:06:29", "end": "00:06:33", "text": "people within the industry that kind of"}, {"start": "00:06:30", "end": "00:06:36", "text": "go this direction of you know promising"}, {"start": "00:06:33", "end": "00:06:37", "text": "a lot of big advantages to some of the"}, {"start": "00:06:36", "end": "00:06:39", "text": "big executives out there to put their"}, {"start": "00:06:37", "end": "00:06:41", "text": "name on something. This is kind of the"}, {"start": "00:06:39", "end": "00:06:43", "text": "situation I think we're looking at world"}, {"start": "00:06:41", "end": "00:06:46", "text": "liberty and of course this may end up in"}, {"start": "00:06:43", "end": "00:06:48", "text": "a very bad position. Here was of course"}, {"start": "00:06:46", "end": "00:06:50", "text": "world liberty's response to a lot of the"}, {"start": "00:06:48", "end": "00:06:52", "text": "FUD. Let's talk about the FUD going"}, {"start": "00:06:50", "end": "00:06:54", "text": "around uh the world liberty markets"}, {"start": "00:06:52", "end": "00:06:56", "text": "leading lending position. It's wrong."}, {"start": "00:06:54", "end": "00:06:58", "text": "Here's what's actually happening. Here's"}, {"start": "00:06:56", "end": "00:07:00", "text": "what he says right here or they and this"}, {"start": "00:06:58", "end": "00:07:01", "text": "of course is really AI guys. This is"}, {"start": "00:07:00", "end": "00:07:03", "text": "just AI making these kind of statements."}, {"start": "00:07:01", "end": "00:07:05", "text": "We are one of the largest suppliers and"}, {"start": "00:07:03", "end": "00:07:07", "text": "borrows on the world liberty markets."}, {"start": "00:07:05", "end": "00:07:09", "text": "Yes, we supply world lifies as"}, {"start": "00:07:07", "end": "00:07:12", "text": "collateral and borrowed stable coins."}, {"start": "00:07:09", "end": "00:07:15", "text": "Telling you right out there in the open."}, {"start": "00:07:12", "end": "00:07:17", "text": "This is as suspect as it gets for"}, {"start": "00:07:15", "end": "00:07:19", "text": "anybody that's understanding where this"}, {"start": "00:07:17", "end": "00:07:21", "text": "can go. And I think this is the thing"}, {"start": "00:07:19", "end": "00:07:24", "text": "that they're just simply saying it right"}, {"start": "00:07:21", "end": "00:07:26", "text": "out there in the open. If anything"}, {"start": "00:07:24", "end": "00:07:27", "text": "happens right now and you look at it,"}, {"start": "00:07:26", "end": "00:07:30", "text": "here's the team is borrowing 150"}, {"start": "00:07:27", "end": "00:07:33", "text": "million. This is USDC against 400"}, {"start": "00:07:30", "end": "00:07:35", "text": "million world liberty on Dolomite and"}, {"start": "00:07:33", "end": "00:07:37", "text": "Dolomite as you guys have probably seen"}, {"start": "00:07:35", "end": "00:07:39", "text": "out there. This is where it gets a"}, {"start": "00:07:37", "end": "00:07:42", "text": "little bit sketchy. So as you look at"}, {"start": "00:07:39", "end": "00:07:45", "text": "Dolomite, remember too that the owner of"}, {"start": "00:07:42", "end": "00:07:48", "text": "Dolomite also the CEO co-founder of"}, {"start": "00:07:45", "end": "00:07:49", "text": "World Libertifi. This is where it gets"}, {"start": "00:07:48", "end": "00:07:52", "text": "kind of crazy and you can kind of see"}, {"start": "00:07:49", "end": "00:07:54", "text": "the expansion that occurred right there"}, {"start": "00:07:52", "end": "00:07:56", "text": "uh as it starts to explode. And now"}, {"start": "00:07:54", "end": "00:07:59", "text": "we're seeing this absolutely uh"}, {"start": "00:07:56", "end": "00:08:01", "text": "ridiculous level of to the point now"}, {"start": "00:07:59", "end": "00:08:03", "text": "where of course as I said earlier you"}, {"start": "00:08:01", "end": "00:08:06", "text": "can't get uh even your own stable coins"}, {"start": "00:08:03", "end": "00:08:08", "text": "off of this. And as I said earlier, get"}, {"start": "00:08:06", "end": "00:08:09", "text": "out of the World Liberty FI token right"}, {"start": "00:08:08", "end": "00:08:11", "text": "now. That's just I'm just going to say I"}, {"start": "00:08:09", "end": "00:08:13", "text": "don't recommend it. It's one of those"}, {"start": "00:08:11", "end": "00:08:15", "text": "things. Why are you in it? For what"}, {"start": "00:08:13", "end": "00:08:17", "text": "reason? There's many other projects and"}, {"start": "00:08:15", "end": "00:08:19", "text": "things that you can invest in besides"}, {"start": "00:08:17", "end": "00:08:21", "text": "this. Just any anything that's got this"}, {"start": "00:08:19", "end": "00:08:23", "text": "kind of heat right now is just not good."}, {"start": "00:08:21", "end": "00:08:26", "text": "All right. So, here was a tweet that's"}, {"start": "00:08:23", "end": "00:08:27", "text": "kind of going into it around people who"}, {"start": "00:08:26", "end": "00:08:30", "text": "were complaining. One of the guys that"}, {"start": "00:08:27", "end": "00:08:32", "text": "was complaining was Justin Sun himself"}, {"start": "00:08:30", "end": "00:08:34", "text": "and he said, \"I've always been an"}, {"start": "00:08:32", "end": "00:08:37", "text": "adamant supplier pres or supporter of"}, {"start": "00:08:34", "end": "00:08:39", "text": "President Trump, crypto friendly early"}, {"start": "00:08:37", "end": "00:08:41", "text": "supporter of the world liberty fi, but"}, {"start": "00:08:39", "end": "00:08:43", "text": "his of course wallets were frozen.\" And"}, {"start": "00:08:41", "end": "00:08:45", "text": "I think people are just saying, \"Hey, it"}, {"start": "00:08:43", "end": "00:08:48", "text": "is what it is.\" Listen, uh you didn't"}, {"start": "00:08:45", "end": "00:08:50", "text": "invest in World Liberty Fi. You just"}, {"start": "00:08:48", "end": "00:08:52", "text": "bought a pardon. The below is pure the"}, {"start": "00:08:50", "end": "00:08:53", "text": "below is purely air cover. That's the"}, {"start": "00:08:52", "end": "00:08:56", "text": "statement what he was making there. That"}, {"start": "00:08:53", "end": "00:08:58", "text": "of course is Corey from Swamp Bitcoin."}, {"start": "00:08:56", "end": "00:09:01", "text": "So, as you can see, a lot of drama over"}, {"start": "00:08:58", "end": "00:09:05", "text": "the weekend around World Liberty 5. This"}, {"start": "00:09:01", "end": "00:09:07", "text": "starts heating up and could get bad if"}, {"start": "00:09:05", "end": "00:09:09", "text": "clarity is not passed. If clarity is not"}, {"start": "00:09:07", "end": "00:09:12", "text": "passed, we could see a draw down in the"}, {"start": "00:09:09", "end": "00:09:15", "text": "market which would trigger a liquidation"}, {"start": "00:09:12", "end": "00:09:18", "text": "event which would create a cascading"}, {"start": "00:09:15", "end": "00:09:22", "text": "royal cluster in the industry itself"}, {"start": "00:09:18", "end": "00:09:26", "text": "maybe three 4x that of what we saw even"}, {"start": "00:09:22", "end": "00:09:27", "text": "with FTX. So remember how FTX collapsed."}, {"start": "00:09:26", "end": "00:09:31", "text": "Okay, Alama borrowed billions against"}, {"start": "00:09:27", "end": "00:09:34", "text": "FTT. That was FTX's own token. So there"}, {"start": "00:09:31", "end": "00:09:37", "text": "you go. World Liberty self-referential"}, {"start": "00:09:34", "end": "00:09:40", "text": "collateral using it to collateral hidden"}, {"start": "00:09:37", "end": "00:09:42", "text": "leverage this time not hidden we know"}, {"start": "00:09:40", "end": "00:09:44", "text": "and then of course the implosion"}, {"start": "00:09:42", "end": "00:09:46", "text": "happened and we all saw it after the"}, {"start": "00:09:44", "end": "00:09:49", "text": "fact this you'll be able to track"}, {"start": "00:09:46", "end": "00:09:51", "text": "literally out in the open as things are"}, {"start": "00:09:49", "end": "00:09:54", "text": "happening market real time hit the"}, {"start": "00:09:51", "end": "00:09:57", "text": "difference FDX hit it this is happening"}, {"start": "00:09:54", "end": "00:09:59", "text": "in plain sight all right so I'm going to"}, {"start": "00:09:57", "end": "00:10:00", "text": "bring up a tweet here that was talking"}, {"start": "00:09:59", "end": "00:10:04", "text": "about the Drift protocol attack that"}, {"start": "00:10:00", "end": "00:10:06", "text": "just happened and 285 mil was stolen"}, {"start": "00:10:04", "end": "00:10:08", "text": "from Salana's biggest DeFi protocol 12"}, {"start": "00:10:06", "end": "00:10:11", "text": "minutes but it took 8 months for this to"}, {"start": "00:10:08", "end": "00:10:14", "text": "be socially engineered and what I mean"}, {"start": "00:10:11", "end": "00:10:16", "text": "by that is there was a process physical"}, {"start": "00:10:14", "end": "00:10:19", "text": "that was people were using hackers were"}, {"start": "00:10:16", "end": "00:10:22", "text": "using to try to get to this uh data and"}, {"start": "00:10:19", "end": "00:10:24", "text": "it w were essentially successful the"}, {"start": "00:10:22", "end": "00:10:27", "text": "drift protocol was the number one per"}, {"start": "00:10:24", "end": "00:10:30", "text": "decks on Salana and 550 million total"}, {"start": "00:10:27", "end": "00:10:32", "text": "volume backed by multicoin so it had all"}, {"start": "00:10:30", "end": "00:10:35", "text": "of the right people, right? Think about"}, {"start": "00:10:32", "end": "00:10:38", "text": "that right there. And remember, April"}, {"start": "00:10:35", "end": "00:10:40", "text": "1st, North Korea's Lazarus group drained"}, {"start": "00:10:38", "end": "00:10:43", "text": "it 12 minutes. Circle did nothing to"}, {"start": "00:10:40", "end": "00:10:44", "text": "pull it back. That's the big, you know,"}, {"start": "00:10:43", "end": "00:10:46", "text": "claim in the industry that that should"}, {"start": "00:10:44", "end": "00:10:48", "text": "have happened. Many people will argue"}, {"start": "00:10:46", "end": "00:10:49", "text": "that it's, you know, not legal for them"}, {"start": "00:10:48", "end": "00:10:52", "text": "to do it. Circle's kind of in a"}, {"start": "00:10:49", "end": "00:10:54", "text": "position. But what I want to uh frame of"}, {"start": "00:10:52", "end": "00:10:56", "text": "reference this tweet to is the fact if"}, {"start": "00:10:54", "end": "00:10:59", "text": "you kind of compare to what's happening"}, {"start": "00:10:56", "end": "00:11:01", "text": "with world liberty 5 because there"}, {"start": "00:10:59", "end": "00:11:03", "text": "doesn't need to be eight signatures for"}, {"start": "00:11:01", "end": "00:11:06", "text": "this to occur. There's one signature and"}, {"start": "00:11:03", "end": "00:11:09", "text": "Justin Sun kind of put a bullseye on"}, {"start": "00:11:06", "end": "00:11:10", "text": "that signature by the globe to go out"}, {"start": "00:11:09", "end": "00:11:13", "text": "and try to figure out. So social"}, {"start": "00:11:10", "end": "00:11:15", "text": "engineering attacks etc could be on"}, {"start": "00:11:13", "end": "00:11:16", "text": "their way to world liberty right now."}, {"start": "00:11:15", "end": "00:11:18", "text": "And that's really what it's going to"}, {"start": "00:11:16", "end": "00:11:20", "text": "boil down to. One thing I want to jump"}, {"start": "00:11:18", "end": "00:11:21", "text": "to here, this of course is Jeremy Lair"}, {"start": "00:11:20", "end": "00:11:23", "text": "talking about this. Circle defends it's"}, {"start": "00:11:21", "end": "00:11:26", "text": "not freezing hacked on USDC. And the"}, {"start": "00:11:23", "end": "00:11:28", "text": "reason was as he said right here, Circle"}, {"start": "00:11:26", "end": "00:11:31", "text": "argues that acting without legal"}, {"start": "00:11:28", "end": "00:11:32", "text": "authority risk risk violating property"}, {"start": "00:11:31", "end": "00:11:35", "text": "rights even if it means allowing sto"}, {"start": "00:11:32", "end": "00:11:38", "text": "funds to move. Point being is is that"}, {"start": "00:11:35", "end": "00:11:41", "text": "clarity will get all of this resolved."}, {"start": "00:11:38", "end": "00:11:43", "text": "And that is why again it is one of the"}, {"start": "00:11:41", "end": "00:11:45", "text": "well it is the most important thing"}, {"start": "00:11:43", "end": "00:11:47", "text": "maybe in global finance right now that"}, {"start": "00:11:45", "end": "00:11:49", "text": "is happening. When you look at clarity,"}, {"start": "00:11:47", "end": "00:11:51", "text": "the one issue, two major markets,"}, {"start": "00:11:49", "end": "00:11:54", "text": "banking industry, crypto industry,"}, {"start": "00:11:51", "end": "00:11:56", "text": "really boils down to yield. Yield of"}, {"start": "00:11:54", "end": "00:11:57", "text": "course was answered in a report coming"}, {"start": "00:11:56", "end": "00:11:59", "text": "out of the White House. If you saw the"}, {"start": "00:11:57", "end": "00:12:01", "text": "video last week, we show a full"}, {"start": "00:11:59", "end": "00:12:02", "text": "breakdown of what that report uh came"}, {"start": "00:12:01", "end": "00:12:05", "text": "out with. There was a whole slew of"}, {"start": "00:12:02", "end": "00:12:07", "text": "economists, globally renowned economists"}, {"start": "00:12:05", "end": "00:12:09", "text": "as well as universities that"}, {"start": "00:12:07", "end": "00:12:11", "text": "independently came to the result of"}, {"start": "00:12:09", "end": "00:12:14", "text": "saying not going to have an effect on"}, {"start": "00:12:11", "end": "00:12:16", "text": "banks. uh don't worry about well the ABA"}, {"start": "00:12:14", "end": "00:12:18", "text": "came out with their own FUD saying that"}, {"start": "00:12:16", "end": "00:12:20", "text": "the CA studied the wrong question on"}, {"start": "00:12:18", "end": "00:12:23", "text": "stable coin yield and community banks so"}, {"start": "00:12:20", "end": "00:12:25", "text": "they tried to make a stab at it here"}, {"start": "00:12:23", "end": "00:12:26", "text": "which simply said the question they"}, {"start": "00:12:25", "end": "00:12:29", "text": "should have answered which they in fact"}, {"start": "00:12:26", "end": "00:12:31", "text": "did answer what is the lending and"}, {"start": "00:12:29", "end": "00:12:32", "text": "funding cost impact allowing yield on"}, {"start": "00:12:31", "end": "00:12:34", "text": "stable coins to grow from today's uh"}, {"start": "00:12:32", "end": "00:12:36", "text": "scaled to a much larger market meaning"}, {"start": "00:12:34", "end": "00:12:37", "text": "you know here we are at the size we are"}, {"start": "00:12:36", "end": "00:12:39", "text": "now versus what it's going to be like"}, {"start": "00:12:37", "end": "00:12:42", "text": "when there's multi- trillions out there"}, {"start": "00:12:39", "end": "00:12:44", "text": "in stable coins that was answered by"}, {"start": "00:12:42", "end": "00:12:46", "text": "this group. So, the banks are now down"}, {"start": "00:12:44", "end": "00:12:48", "text": "to their last wire. I think we're at a"}, {"start": "00:12:46", "end": "00:12:50", "text": "point now, and remember this is also"}, {"start": "00:12:48", "end": "00:12:53", "text": "where over the weekend we saw Brian"}, {"start": "00:12:50", "end": "00:12:56", "text": "Armstrong somewhat concede, saying we"}, {"start": "00:12:53", "end": "00:12:58", "text": "need to go ahead and pass through almost"}, {"start": "00:12:56", "end": "00:13:01", "text": "every major participant in the Clarity"}, {"start": "00:12:58", "end": "00:13:03", "text": "Act have also said we're ready to go."}, {"start": "00:13:01", "end": "00:13:05", "text": "It's likely that we're going to see it"}, {"start": "00:13:03", "end": "00:13:07", "text": "coming very early this week to the"}, {"start": "00:13:05", "end": "00:13:09", "text": "Senate in a markup and that will be the"}, {"start": "00:13:07", "end": "00:13:12", "text": "next phase of trying to get to the uh to"}, {"start": "00:13:09", "end": "00:13:14", "text": "the Senate floor for a vote. But if we"}, {"start": "00:13:12", "end": "00:13:17", "text": "do not get this done, guys, it's going"}, {"start": "00:13:14", "end": "00:13:19", "text": "to continuously lead to more problems in"}, {"start": "00:13:17", "end": "00:13:21", "text": "the industry. This is a good example"}, {"start": "00:13:19", "end": "00:13:24", "text": "right here. Bridge Polka Dot just got"}, {"start": "00:13:21", "end": "00:13:26", "text": "exploited. Then you look at just what is"}, {"start": "00:13:24", "end": "00:13:28", "text": "happening with C with Kraken. their"}, {"start": "00:13:26", "end": "00:13:30", "text": "exchange now saying they're being"}, {"start": "00:13:28", "end": "00:13:31", "text": "extorted by criminal group threatening"}, {"start": "00:13:30", "end": "00:13:34", "text": "release of videos showing internal"}, {"start": "00:13:31", "end": "00:13:35", "text": "systems. And then you go back here. This"}, {"start": "00:13:34", "end": "00:13:38", "text": "is Bit Tensor. We talked about this last"}, {"start": "00:13:35", "end": "00:13:40", "text": "week when I was had Tim on. Uh and this"}, {"start": "00:13:38", "end": "00:13:42", "text": "is where they pretty much stated it"}, {"start": "00:13:40", "end": "00:13:44", "text": "right here. Uh the the foundation"}, {"start": "00:13:42", "end": "00:13:46", "text": "unilaterally shut down three subnetss"}, {"start": "00:13:44", "end": "00:13:48", "text": "and halt revenue for Covenant AI without"}, {"start": "00:13:46", "end": "00:13:50", "text": "governance vote or transparent process."}, {"start": "00:13:48", "end": "00:13:51", "text": "If you're going to do uh a vote on or if"}, {"start": "00:13:50", "end": "00:13:53", "text": "you're going to have these kind of"}, {"start": "00:13:51", "end": "00:13:55", "text": "organizations, you have to have these"}, {"start": "00:13:53", "end": "00:13:58", "text": "votes go through. So, it really boils"}, {"start": "00:13:55", "end": "00:14:00", "text": "down to one thing. One thing is that"}, {"start": "00:13:58", "end": "00:14:02", "text": "clarity has got to make its way through"}, {"start": "00:14:00", "end": "00:14:05", "text": "and it's got to be through and to the"}, {"start": "00:14:02", "end": "00:14:08", "text": "president's desk for a signature."}, {"start": "00:14:05", "end": "00:14:10", "text": "Hopefully, July 4th will be the date."}, {"start": "00:14:08", "end": "00:14:11", "text": "Uh, and I agree with Lumis here. It"}, {"start": "00:14:10", "end": "00:14:14", "text": "needs clarity. Now, what's the worst"}, {"start": "00:14:11", "end": "00:14:15", "text": "case scenario? The ultimate black swan."}, {"start": "00:14:14", "end": "00:14:17", "text": "Well, you think about all the things we"}, {"start": "00:14:15", "end": "00:14:19", "text": "just talked about and you look at the"}, {"start": "00:14:17", "end": "00:14:21", "text": "chart. I want to pull you back to this"}, {"start": "00:14:19", "end": "00:14:25", "text": "date right here, which was November of"}, {"start": "00:14:21", "end": "00:14:27", "text": "2022. This is the FTX draw down. It was"}, {"start": "00:14:25", "end": "00:14:29", "text": "a 30% draw down. This is on Bitcoin."}, {"start": "00:14:27", "end": "00:14:31", "text": "This was a 30% draw down and it"}, {"start": "00:14:29", "end": "00:14:33", "text": "basically gave us the bottom of Bitcoin"}, {"start": "00:14:31", "end": "00:14:35", "text": "at 165."}, {"start": "00:14:33", "end": "00:14:40", "text": "That's the kind of pullback we could"}, {"start": "00:14:35", "end": "00:14:42", "text": "see. Imagine a 30% draw down or worse if"}, {"start": "00:14:40", "end": "00:14:44", "text": "we compile all the things that are"}, {"start": "00:14:42", "end": "00:14:46", "text": "happening in the industry right now. And"}, {"start": "00:14:44", "end": "00:14:48", "text": "that of course happens if clarity"}, {"start": "00:14:46", "end": "00:14:50", "text": "doesn't go through. So you get it."}, {"start": "00:14:48", "end": "00:14:52", "text": "Hopefully, if you've been watching this"}, {"start": "00:14:50", "end": "00:14:53", "text": "long, you understand just how important"}, {"start": "00:14:52", "end": "00:14:57", "text": "this is. We're gonna be watching it very"}, {"start": "00:14:53", "end": "00:14:57", "text": "closely this week."}, {"start": "00:15:01", "end": "00:15:05", "text": "If you like this video, hit like and"}, {"start": "00:15:03", "end": "00:15:07", "text": "subscribe. Drop a comment down below and"}, {"start": "00:15:05", "end": "00:15:11", "text": "also join our free private member group."}, {"start": "00:15:07", "end": "00:15:11", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "ETCC just wrapped up and one of the"}, {"start": "00:00:02", "end": "00:00:06", "text": "things that we were watching was a"}, {"start": "00:00:04", "end": "00:00:08", "text": "project centered around the browser."}, {"start": "00:00:06", "end": "00:00:10", "text": "Today we're going to break into all that"}, {"start": "00:00:08", "end": "00:00:12", "text": "because it means web 3 browser is"}, {"start": "00:00:10", "end": "00:00:13", "text": "coming. Freedom browser, how are you,"}, {"start": "00:00:12", "end": "00:00:14", "text": "Minhard?"}, {"start": "00:00:13", "end": "00:00:16", "text": ">> I'm very good. Uh, thanks for having me"}, {"start": "00:00:14", "end": "00:00:18", "text": "on the show. Quite an honor. And yeah,"}, {"start": "00:00:16", "end": "00:00:20", "text": "let's talk freedom."}, {"start": "00:00:18", "end": "00:00:22", "text": ">> All right. So, first of all, explain the"}, {"start": "00:00:20", "end": "00:00:23", "text": "freedom browser. Give me an example of"}, {"start": "00:00:22", "end": "00:00:25", "text": "what you guys are doing there."}, {"start": "00:00:23", "end": "00:00:27", "text": ">> Yeah, so it's an interface to the"}, {"start": "00:00:25", "end": "00:00:29", "text": "decentralized web. So, you might think"}, {"start": "00:00:27", "end": "00:00:30", "text": "the web is decentralized. What are we"}, {"start": "00:00:29", "end": "00:00:32", "text": "talking about? This is actually a new"}, {"start": "00:00:30", "end": "00:00:35", "text": "form of web. It's almost like a parallel"}, {"start": "00:00:32", "end": "00:00:38", "text": "network that runs on peer-to-peer nodes."}, {"start": "00:00:35", "end": "00:00:40", "text": "So, it serves content from peer-to-peer"}, {"start": "00:00:38", "end": "00:00:42", "text": "nodes, not from a big data center like"}, {"start": "00:00:40", "end": "00:00:43", "text": "that's centralized or has a centralized"}, {"start": "00:00:42", "end": "00:00:46", "text": "gateway. This is really pulling data"}, {"start": "00:00:43", "end": "00:00:48", "text": "from many from many peers. And yeah,"}, {"start": "00:00:46", "end": "00:00:50", "text": "this is an interface to it that treats"}, {"start": "00:00:48", "end": "00:00:54", "text": "these protocols. Maybe you have heard of"}, {"start": "00:00:50", "end": "00:00:56", "text": "IPFS uh as first class citizens."}, {"start": "00:00:54", "end": "00:00:57", "text": ">> I'm looking at my browser. I downloaded"}, {"start": "00:00:56", "end": "00:00:59", "text": "the freedom browser right there. And"}, {"start": "00:00:57", "end": "00:01:01", "text": "when you click on that little node"}, {"start": "00:00:59", "end": "00:01:02", "text": "section up there on the on the top of"}, {"start": "00:01:01", "end": "00:01:04", "text": "the browser, you can kind of see the"}, {"start": "00:01:02", "end": "00:01:08", "text": "swarm section and the IPFS."}, {"start": "00:01:04", "end": "00:01:10", "text": "Uh what is it? 134 connected peers. And"}, {"start": "00:01:08", "end": "00:01:11", "text": "it also gives you a full bandwidth and"}, {"start": "00:01:10", "end": "00:01:13", "text": "what's happening there. First of all,"}, {"start": "00:01:11", "end": "00:01:15", "text": "how many connected peers would you need"}, {"start": "00:01:13", "end": "00:01:16", "text": "to be able to handle a global browser"}, {"start": "00:01:15", "end": "00:01:17", "text": "like that?"}, {"start": "00:01:16", "end": "00:01:19", "text": ">> Because it's not centralized. We're just"}, {"start": "00:01:17", "end": "00:01:23", "text": "shipping a client and then it's really"}, {"start": "00:01:19", "end": "00:01:24", "text": "up to as many users as uh there that are"}, {"start": "00:01:23", "end": "00:01:26", "text": "starting it. Okay."}, {"start": "00:01:24", "end": "00:01:28", "text": ">> Um how big it can be. So it's really"}, {"start": "00:01:26", "end": "00:01:31", "text": "like you become a peer of the network."}, {"start": "00:01:28", "end": "00:01:33", "text": "You make the network bigger by using it."}, {"start": "00:01:31", "end": "00:01:35", "text": "So and we're not supplying IPFS or"}, {"start": "00:01:33", "end": "00:01:38", "text": "swarm. Um we are just giving access to"}, {"start": "00:01:35", "end": "00:01:40", "text": "it and we are running a node for you or"}, {"start": "00:01:38", "end": "00:01:42", "text": "like on your local client on your PC on"}, {"start": "00:01:40", "end": "00:01:44", "text": "your computer. You are starting a node"}, {"start": "00:01:42", "end": "00:01:46", "text": "and you are already starting passing on"}, {"start": "00:01:44", "end": "00:01:48", "text": "messages. So it's really kind of"}, {"start": "00:01:46", "end": "00:01:50", "text": "completely new approach to how you would"}, {"start": "00:01:48", "end": "00:01:51", "text": "participate in the web."}, {"start": "00:01:50", "end": "00:01:53", "text": ">> Interesting. Okay. Yeah. I'm looking at"}, {"start": "00:01:51", "end": "00:01:55", "text": "my download right now. It's bringing in"}, {"start": "00:01:53", "end": "00:01:57", "text": "messages and sending out messages. So I"}, {"start": "00:01:55", "end": "00:01:59", "text": "see the transactions going through. How"}, {"start": "00:01:57", "end": "00:01:59", "text": "much system resources is it going to"}, {"start": "00:01:59", "end": "00:02:02", "text": "suck up?"}, {"start": "00:01:59", "end": "00:02:05", "text": ">> It's a light node uh and in your case in"}, {"start": "00:02:02", "end": "00:02:07", "text": "ultra light mode uh in in swarm. So it"}, {"start": "00:02:05", "end": "00:02:09", "text": "means it really just passes on messages."}, {"start": "00:02:07", "end": "00:02:11", "text": "That's a few kilobytes on your internet"}, {"start": "00:02:09", "end": "00:02:15", "text": "connection. So very very little maybe"}, {"start": "00:02:11", "end": "00:02:17", "text": "like 100 or like 1% maximum 2% if you"}, {"start": "00:02:15", "end": "00:02:19", "text": "are just in kind of in an idle state. As"}, {"start": "00:02:17", "end": "00:02:21", "text": "soon as you start accessing content, it"}, {"start": "00:02:19", "end": "00:02:23", "text": "does of course download like a normal"}, {"start": "00:02:21", "end": "00:02:25", "text": "browser does, but uh it doesn't really"}, {"start": "00:02:23", "end": "00:02:28", "text": "upload any content from your computer."}, {"start": "00:02:25", "end": "00:02:29", "text": "So it doesn't take any hard resources."}, {"start": "00:02:28", "end": "00:02:32", "text": "It's it's really light. It's really just"}, {"start": "00:02:29", "end": "00:02:34", "text": "a reading interface at the this very"}, {"start": "00:02:32", "end": "00:02:36", "text": "point. So this will change in the future"}, {"start": "00:02:34", "end": "00:02:38", "text": "and you will be able to even earn money"}, {"start": "00:02:36", "end": "00:02:41", "text": "by running the browser and supplying uh"}, {"start": "00:02:38", "end": "00:02:42", "text": "storage space and bandwidth, but that's"}, {"start": "00:02:41", "end": "00:02:43", "text": "not implemented yet."}, {"start": "00:02:42", "end": "00:02:45", "text": ">> When you say earn money, I'm assuming"}, {"start": "00:02:43", "end": "00:02:48", "text": "you're talking about what? Ethereum,"}, {"start": "00:02:45", "end": "00:02:50", "text": ">> any cryptocurrency. So there would be"}, {"start": "00:02:48", "end": "00:02:53", "text": "Ethereum or the uh the kind of coins"}, {"start": "00:02:50", "end": "00:02:57", "text": "that are native to the networks. So"}, {"start": "00:02:53", "end": "00:02:59", "text": "there's the Swarm Bz token and yeah IPFS"}, {"start": "00:02:57", "end": "00:03:02", "text": "has has their own token as well Filecoin"}, {"start": "00:02:59", "end": "00:03:04", "text": "and you might be able to earn this"}, {"start": "00:03:02", "end": "00:03:06", "text": ">> uh just kind of what the network gives"}, {"start": "00:03:04", "end": "00:03:09", "text": "you to supply and be part of the network"}, {"start": "00:03:06", "end": "00:03:10", "text": "as a supplier of bandwidth and and"}, {"start": "00:03:09", "end": "00:03:12", "text": "storage space."}, {"start": "00:03:10", "end": "00:03:14", "text": ">> Okay. So, uh, if if you look at this on"}, {"start": "00:03:12", "end": "00:03:17", "text": "a normal person, they look at a browser"}, {"start": "00:03:14", "end": "00:03:18", "text": "just like most likely Google Chrome or"}, {"start": "00:03:17", "end": "00:03:22", "text": "Edge or something that they've been"}, {"start": "00:03:18", "end": "00:03:24", "text": "using for a while, why should they care"}, {"start": "00:03:22", "end": "00:03:24", "text": "about what you guys are doing here with"}, {"start": "00:03:24", "end": "00:03:27", "text": "Freedom Browser?"}, {"start": "00:03:24", "end": "00:03:29", "text": ">> So, the immediate need is not there,"}, {"start": "00:03:27", "end": "00:03:32", "text": "let's say, yet. But with uh censorship"}, {"start": "00:03:29", "end": "00:03:34", "text": "coming from all corners of the web may"}, {"start": "00:03:32", "end": "00:03:37", "text": "be by corporations may be by countries"}, {"start": "00:03:34", "end": "00:03:39", "text": "or ideologies ideologies um there's"}, {"start": "00:03:37", "end": "00:03:41", "text": "going to be more and more need of like"}, {"start": "00:03:39", "end": "00:03:44", "text": "free internet access like really free"}, {"start": "00:03:41", "end": "00:03:47", "text": "and direct uh from one peer to another"}, {"start": "00:03:44", "end": "00:03:51", "text": "without any intermediary powers or or"}, {"start": "00:03:47", "end": "00:03:53", "text": "providers. So um let's say a book or a"}, {"start": "00:03:51", "end": "00:03:56", "text": "certain version of the constitution is"}, {"start": "00:03:53", "end": "00:03:58", "text": "no longer shown. you can access the the"}, {"start": "00:03:56", "end": "00:04:02", "text": "original um through decentralized"}, {"start": "00:03:58", "end": "00:04:04", "text": "protocols. And so if you are in a let's"}, {"start": "00:04:02", "end": "00:04:06", "text": "say war zone, you want to cover the war"}, {"start": "00:04:04", "end": "00:04:08", "text": "zone, no coverage is going out, the"}, {"start": "00:04:06", "end": "00:04:10", "text": "internet is blocked, heavily censored,"}, {"start": "00:04:08", "end": "00:04:12", "text": "you could then just put it on one of"}, {"start": "00:04:10", "end": "00:04:14", "text": "these decentralized web networks and"}, {"start": "00:04:12", "end": "00:04:14", "text": "other people could access it through the"}, {"start": "00:04:14", "end": "00:04:16", "text": "browser."}, {"start": "00:04:14", "end": "00:04:18", "text": ">> What would be the trade-offs right now"}, {"start": "00:04:16", "end": "00:04:20", "text": "if if you're if you say, \"Hey, I want to"}, {"start": "00:04:18", "end": "00:04:21", "text": "I want to run on freedom browser.\" What"}, {"start": "00:04:20", "end": "00:04:23", "text": "would be the trade-offs I I would have"}, {"start": "00:04:21", "end": "00:04:27", "text": "to give up if I've been using the Brave"}, {"start": "00:04:23", "end": "00:04:30", "text": "browser, which is to me much better than"}, {"start": "00:04:27", "end": "00:04:32", "text": "the Chrome browser for speed. Uh the ad"}, {"start": "00:04:30", "end": "00:04:35", "text": "blocking is very, you know, significant."}, {"start": "00:04:32", "end": "00:04:37", "text": "It has a built-in VPN. There's some"}, {"start": "00:04:35", "end": "00:04:39", "text": "benefits to that. What would be my"}, {"start": "00:04:37", "end": "00:04:40", "text": "tradeoffs for that? Right now,"}, {"start": "00:04:39", "end": "00:04:43", "text": ">> this is sort of a preview, right? So,"}, {"start": "00:04:40", "end": "00:04:45", "text": "we're in very very early days in browser"}, {"start": "00:04:43", "end": "00:04:46", "text": "and there, if you want to call it a"}, {"start": "00:04:45", "end": "00:04:49", "text": "trade-off, let's say the feature set is"}, {"start": "00:04:46", "end": "00:04:50", "text": "very limited. So what it does it shows"}, {"start": "00:04:49", "end": "00:04:53", "text": "you centralized and decentralized"}, {"start": "00:04:50", "end": "00:04:55", "text": "websites. That's kind of it. It has okay"}, {"start": "00:04:53", "end": "00:04:57", "text": "bookmarks function and it allows you"}, {"start": "00:04:55", "end": "00:04:59", "text": "also the next iteration to publish"}, {"start": "00:04:57", "end": "00:05:02", "text": "content. That's a real uh special thing."}, {"start": "00:04:59", "end": "00:05:04", "text": "Let's say you want to access something"}, {"start": "00:05:02", "end": "00:05:07", "text": "that's hosted on IPFS exclusively or"}, {"start": "00:05:04", "end": "00:05:10", "text": "hosted on the swarm network exclusively."}, {"start": "00:05:07", "end": "00:05:13", "text": "So there you cannot use Brave. Brave."}, {"start": "00:05:10", "end": "00:05:16", "text": "Brave did have a implementation of IPFS"}, {"start": "00:05:13", "end": "00:05:18", "text": "a few years ago. they kind of sunset"}, {"start": "00:05:16", "end": "00:05:21", "text": "that because not many people were using"}, {"start": "00:05:18", "end": "00:05:23", "text": "it by brave standards anyway and with uh"}, {"start": "00:05:21", "end": "00:05:25", "text": "freedom you can access those websites"}, {"start": "00:05:23", "end": "00:05:28", "text": "again. So it's also like resilience."}, {"start": "00:05:25", "end": "00:05:30", "text": "Let's say um a server goes down, a data"}, {"start": "00:05:28", "end": "00:05:32", "text": "center goes down, freedom will just"}, {"start": "00:05:30", "end": "00:05:33", "text": "continue displaying these websites"}, {"start": "00:05:32", "end": "00:05:35", "text": "because they are you know not coming"}, {"start": "00:05:33", "end": "00:05:35", "text": "from a centralized place."}, {"start": "00:05:35", "end": "00:05:35", "text": ">> Right."}, {"start": "00:05:35", "end": "00:05:36", "text": ">> Um"}, {"start": "00:05:35", "end": "00:05:40", "text": ">> right."}, {"start": "00:05:36", "end": "00:05:42", "text": ">> Yeah. You can uh be sure also that you"}, {"start": "00:05:40", "end": "00:05:44", "text": "get the content that is meant to be"}, {"start": "00:05:42", "end": "00:05:46", "text": "published. If you go for example to a"}, {"start": "00:05:44", "end": "00:05:50", "text": "address, right? So normally you would"}, {"start": "00:05:46", "end": "00:05:52", "text": "say limo which is again a private not"}, {"start": "00:05:50", "end": "00:05:55", "text": "private like a centralized gateway. But"}, {"start": "00:05:52", "end": "00:05:57", "text": "if you want to be sure that you can um"}, {"start": "00:05:55", "end": "00:05:58", "text": "also verify the content yourself, you"}, {"start": "00:05:57", "end": "00:06:02", "text": "want to be absolutely sure this is what"}, {"start": "00:05:58", "end": "00:06:04", "text": "Vitalik put on his website, then you use"}, {"start": "00:06:02", "end": "00:06:06", "text": "Brave browser because that has the also"}, {"start": "00:06:04", "end": "00:06:08", "text": "the verification built in. So it's like"}, {"start": "00:06:06", "end": "00:06:10", "text": "a very trusty environment almost like a"}, {"start": "00:06:08", "end": "00:06:11", "text": "yeah like a strong encryption between"}, {"start": "00:06:10", "end": "00:06:14", "text": "you and the sender."}, {"start": "00:06:11", "end": "00:06:16", "text": ">> It seems like it navigates normally."}, {"start": "00:06:14", "end": "00:06:18", "text": "Okay, so pretty much everything that"}, {"start": "00:06:16", "end": "00:06:21", "text": "Chrome can do renders everything the"}, {"start": "00:06:18", "end": "00:06:24", "text": "same. I'm looking at videos now. No"}, {"start": "00:06:21", "end": "00:06:26", "text": "problem. On YouTube, I'm assuming RSS"}, {"start": "00:06:24", "end": "00:06:29", "text": "for podcast playing things of that"}, {"start": "00:06:26", "end": "00:06:32", "text": "nature. Pretty much the same way. Uh,"}, {"start": "00:06:29", "end": "00:06:34", "text": "can you show me on your browser the the"}, {"start": "00:06:32", "end": "00:06:35", "text": "right capability because we were kind of"}, {"start": "00:06:34", "end": "00:06:37", "text": "showing that for a minute prior show."}, {"start": "00:06:35", "end": "00:06:37", "text": "Can you show me exactly what you're"}, {"start": "00:06:37", "end": "00:06:39", "text": "doing there?"}, {"start": "00:06:37", "end": "00:06:42", "text": ">> So, yeah, that's the freedom browser as"}, {"start": "00:06:39", "end": "00:06:44", "text": "I use it and um, as you just mentioned"}, {"start": "00:06:42", "end": "00:06:47", "text": "exactly. So, the next iteration will be"}, {"start": "00:06:44", "end": "00:06:50", "text": "uh the write and own part of the web or"}, {"start": "00:06:47", "end": "00:06:52", "text": "the web 3. So currently we are we have"}, {"start": "00:06:50", "end": "00:06:54", "text": "shipped a version that can read the"}, {"start": "00:06:52", "end": "00:06:57", "text": "decentralized web. I don't know if you"}, {"start": "00:06:54", "end": "00:06:59", "text": "can see the URL bar. So if you like I"}, {"start": "00:06:57", "end": "00:07:02", "text": "can reload here. If you type like"}, {"start": "00:06:59", "end": "00:07:03", "text": "metallic eith right it looks like a"}, {"start": "00:07:02", "end": "00:07:05", "text": "domain name that you haven't seen"}, {"start": "00:07:03", "end": "00:07:07", "text": "before. Yeah. It's really kind of a"}, {"start": "00:07:05", "end": "00:07:11", "text": "native support for ETH domains. So it"}, {"start": "00:07:07", "end": "00:07:13", "text": "would go and look up the um the domain"}, {"start": "00:07:11", "end": "00:07:16", "text": "on the on the blockchain on the smart"}, {"start": "00:07:13", "end": "00:07:18", "text": "contract resolve it to an address which"}, {"start": "00:07:16", "end": "00:07:20", "text": "is not an IP address. It's like a hash,"}, {"start": "00:07:18", "end": "00:07:23", "text": "a content hash, and then it kind of"}, {"start": "00:07:20", "end": "00:07:25", "text": "translates it to something that the node"}, {"start": "00:07:23", "end": "00:07:27", "text": "can then fetch from the decentralized"}, {"start": "00:07:25", "end": "00:07:28", "text": "web. So that's the reading part, right?"}, {"start": "00:07:27", "end": "00:07:29", "text": ">> Okay."}, {"start": "00:07:28", "end": "00:07:32", "text": ">> And you can do this, you can do the"}, {"start": "00:07:29", "end": "00:07:35", "text": "same. So for example, this um yeah, DEX"}, {"start": "00:07:32", "end": "00:07:37", "text": "website is also on the decentralized"}, {"start": "00:07:35", "end": "00:07:38", "text": "web. It's on IPFS as you can see here"}, {"start": "00:07:37", "end": "00:07:42", "text": "with this little icon. Y"}, {"start": "00:07:38", "end": "00:07:44", "text": ">> and uh then there's swarm.eth which is"}, {"start": "00:07:42", "end": "00:07:46", "text": "actually the the organization behind the"}, {"start": "00:07:44", "end": "00:07:48", "text": "Swarm network. And of course they have a"}, {"start": "00:07:46", "end": "00:07:51", "text": "website on on the swarm network as well."}, {"start": "00:07:48", "end": "00:07:53", "text": "You can just uh kind of yeah but uh yeah"}, {"start": "00:07:51", "end": "00:07:56", "text": "the browser shows all of these things."}, {"start": "00:07:53", "end": "00:07:58", "text": "If you then uh want to share something"}, {"start": "00:07:56", "end": "00:07:59", "text": "here let's let me just reload this. You"}, {"start": "00:07:58", "end": "00:08:03", "text": "can type and that's the current"}, {"start": "00:07:59", "end": "00:08:06", "text": "implementation um freedom publish and it"}, {"start": "00:08:03", "end": "00:08:08", "text": "gives you a an interface to to write."}, {"start": "00:08:06", "end": "00:08:10", "text": "It's almost like a if you're familiar"}, {"start": "00:08:08", "end": "00:08:13", "text": "with FTP or file upload. Okay. It's the"}, {"start": "00:08:10", "end": "00:08:15", "text": "similar kind of mechanisms but what it"}, {"start": "00:08:13", "end": "00:08:16", "text": "does actually it publishes to the"}, {"start": "00:08:15", "end": "00:08:18", "text": "decentralized web which which which is"}, {"start": "00:08:16", "end": "00:08:23", "text": "pretty uh exciting actually. So let's do"}, {"start": "00:08:18", "end": "00:08:25", "text": "that. Put a very secret message here"}, {"start": "00:08:23", "end": "00:08:28", "text": "forbidden."}, {"start": "00:08:25", "end": "00:08:28", "text": "And uh I just press publish here."}, {"start": "00:08:28", "end": "00:08:31", "text": ">> Yeah."}, {"start": "00:08:28", "end": "00:08:33", "text": ">> And you see how fast it is. It generates"}, {"start": "00:08:31", "end": "00:08:35", "text": "a um a swarm hash because this publishes"}, {"start": "00:08:33", "end": "00:08:39", "text": "to the swarm network. All right. And"}, {"start": "00:08:35", "end": "00:08:42", "text": "that's similar to a an IP address in old"}, {"start": "00:08:39", "end": "00:08:44", "text": "networks. And uh you can just take this"}, {"start": "00:08:42", "end": "00:08:47", "text": "one then and open a new tab and just put"}, {"start": "00:08:44", "end": "00:08:49", "text": "the hash here and it will then load it's"}, {"start": "00:08:47", "end": "00:08:51", "text": "not a website it's a file and it would"}, {"start": "00:08:49", "end": "00:08:53", "text": "show this forbidden message."}, {"start": "00:08:51", "end": "00:08:54", "text": ">> I can send this link to you now and you"}, {"start": "00:08:53", "end": "00:08:57", "text": "can open it on your network as well. So"}, {"start": "00:08:54", "end": "00:08:58", "text": "what happens is the browser publishes to"}, {"start": "00:08:57", "end": "00:09:01", "text": "the local node and then it kind of"}, {"start": "00:08:58", "end": "00:09:04", "text": "pushes it out to at the moment let me"}, {"start": "00:09:01", "end": "00:09:07", "text": "check how many nodes to 134 nodes that"}, {"start": "00:09:04", "end": "00:09:10", "text": "it's connected to and those will all"}, {"start": "00:09:07", "end": "00:09:11", "text": "replicate it in in full because it's a"}, {"start": "00:09:10", "end": "00:09:14", "text": "small file or in part if it's a big"}, {"start": "00:09:11", "end": "00:09:17", "text": "file. You can do the same with a with a"}, {"start": "00:09:14", "end": "00:09:19", "text": "file with a folder. So this is something"}, {"start": "00:09:17", "end": "00:09:23", "text": "that I uh published during the demo at"}, {"start": "00:09:19", "end": "00:09:24", "text": "ETCC. It's it's an image also accessible"}, {"start": "00:09:23", "end": "00:09:26", "text": "via this hash. Yeah, that's how easy it"}, {"start": "00:09:24", "end": "00:09:28", "text": "is to publish."}, {"start": "00:09:26", "end": "00:09:31", "text": ">> Uh, essentially this is skirting outside"}, {"start": "00:09:28", "end": "00:09:33", "text": "the typical cloud flare or any other"}, {"start": "00:09:31", "end": "00:09:36", "text": "infrastructure that runs, you know, the"}, {"start": "00:09:33", "end": "00:09:37", "text": "network as we know it today, the"}, {"start": "00:09:36", "end": "00:09:38", "text": "internet. Um,"}, {"start": "00:09:37", "end": "00:09:40", "text": ">> yeah."}, {"start": "00:09:38", "end": "00:09:42", "text": ">> So, if you've got a decentralized uh a"}, {"start": "00:09:40", "end": "00:09:45", "text": "DEX in there, like you're showing one"}, {"start": "00:09:42", "end": "00:09:46", "text": "inch on IPFS, that means essentially you"}, {"start": "00:09:45", "end": "00:09:49", "text": "could still do a swap without any kind"}, {"start": "00:09:46", "end": "00:09:51", "text": "of internet capability other than"}, {"start": "00:09:49", "end": "00:09:53", "text": "running directly on the open web. Is"}, {"start": "00:09:51", "end": "00:09:55", "text": "that correct? You need the internet. But"}, {"start": "00:09:53", "end": "00:09:57", "text": "if the web is down, let's say the web"}, {"start": "00:09:55", "end": "00:09:58", "text": "server that's hosting the one inch"}, {"start": "00:09:57", "end": "00:10:00", "text": "website goes down."}, {"start": "00:09:58", "end": "00:10:02", "text": ">> Yeah. Like Cloudflare goes down."}, {"start": "00:10:00", "end": "00:10:04", "text": ">> Exactly. Job square goes down. This will"}, {"start": "00:10:02", "end": "00:10:05", "text": "just work. It it's not affected. It's"}, {"start": "00:10:04", "end": "00:10:07", "text": "that's really that shows the strength."}, {"start": "00:10:05", "end": "00:10:10", "text": "And one of the inspirations also to do"}, {"start": "00:10:07", "end": "00:10:11", "text": "this was when Cloudflare and other"}, {"start": "00:10:10", "end": "00:10:14", "text": "centralized or central services to the"}, {"start": "00:10:11", "end": "00:10:16", "text": "internet went down and I was like this"}, {"start": "00:10:14", "end": "00:10:19", "text": "is a solved problem like uh but it needs"}, {"start": "00:10:16", "end": "00:10:23", "text": "to be easily accessible, right? Um it's"}, {"start": "00:10:19", "end": "00:10:26", "text": "just um also when we talk cyber attacks"}, {"start": "00:10:23", "end": "00:10:27", "text": "and like sort of cyber warfare which you"}, {"start": "00:10:26", "end": "00:10:29", "text": "know happens more more and more"}, {"start": "00:10:27", "end": "00:10:32", "text": "frequently um this is not affected. So"}, {"start": "00:10:29", "end": "00:10:34", "text": "this is a let's say a failsafe mechanism"}, {"start": "00:10:32", "end": "00:10:36", "text": "also for these things. So if you have"}, {"start": "00:10:34", "end": "00:10:40", "text": "essential infrastructure like um"}, {"start": "00:10:36", "end": "00:10:42", "text": "websites for disaster recovery uh you"}, {"start": "00:10:40", "end": "00:10:43", "text": "can host it on on decentralized networks"}, {"start": "00:10:42", "end": "00:10:45", "text": "and they will happen they will still"}, {"start": "00:10:43", "end": "00:10:47", "text": "work even with a fraction of the"}, {"start": "00:10:45", "end": "00:10:48", "text": "internet working. What? Okay. So, you"}, {"start": "00:10:47", "end": "00:10:50", "text": "know, we talk about decentralized social"}, {"start": "00:10:48", "end": "00:10:53", "text": "media. We've talked about federated"}, {"start": "00:10:50", "end": "00:10:55", "text": "social media for a long time here on our"}, {"start": "00:10:53", "end": "00:10:57", "text": "channel. Um, is that something that"}, {"start": "00:10:55", "end": "00:10:59", "text": "could eventually start to migrate into"}, {"start": "00:10:57", "end": "00:11:00", "text": "freedom, you know, into the freedom"}, {"start": "00:10:59", "end": "00:11:02", "text": "browser as well?"}, {"start": "00:11:00", "end": "00:11:04", "text": ">> Yeah. And, uh, actually, we're working"}, {"start": "00:11:02", "end": "00:11:07", "text": "also on something called Swarmit. It's"}, {"start": "00:11:04", "end": "00:11:10", "text": "kind of a little nod to Reddit, and it's"}, {"start": "00:11:07", "end": "00:11:12", "text": "a decentralized Reddit, censorship"}, {"start": "00:11:10", "end": "00:11:15", "text": "resistant. it's uh anonymous to a"}, {"start": "00:11:12", "end": "00:11:16", "text": "certain extent and uh yeah it will will"}, {"start": "00:11:15", "end": "00:11:17", "text": "keep running when everything else is"}, {"start": "00:11:16", "end": "00:11:20", "text": "done interesting"}, {"start": "00:11:17", "end": "00:11:21", "text": ">> or like being attacked or so also DOS is"}, {"start": "00:11:20", "end": "00:11:25", "text": "not really an issue because uh you would"}, {"start": "00:11:21", "end": "00:11:27", "text": "have to know where which um hosts or"}, {"start": "00:11:25", "end": "00:11:29", "text": "which which peers files hosted on and"}, {"start": "00:11:27", "end": "00:11:30", "text": "then attack them get their IP address"}, {"start": "00:11:29", "end": "00:11:33", "text": "impossible"}, {"start": "00:11:30", "end": "00:11:35", "text": ">> um yeah so it's just kind of this"}, {"start": "00:11:33", "end": "00:11:38", "text": "superior technology when you see it from"}, {"start": "00:11:35", "end": "00:11:40", "text": "a technology standpoint um and freedom"}, {"start": "00:11:38", "end": "00:11:42", "text": "is an approach to really bring not to"}, {"start": "00:11:40", "end": "00:11:45", "text": "the masses yet, but to an interested"}, {"start": "00:11:42", "end": "00:11:48", "text": "audience like yourself and maybe some of"}, {"start": "00:11:45", "end": "00:11:50", "text": "your viewers to kind of make that um"}, {"start": "00:11:48", "end": "00:11:52", "text": "yeah accessible and just for people to"}, {"start": "00:11:50", "end": "00:11:53", "text": "experience what it's actually like"}, {"start": "00:11:52", "end": "00:11:55", "text": "because there's a lot of talk about it."}, {"start": "00:11:53", "end": "00:11:58", "text": "IPFS has been around for many many years"}, {"start": "00:11:55", "end": "00:12:01", "text": "almost 10 years and um this is now"}, {"start": "00:11:58", "end": "00:12:03", "text": "finally bringing it to yeah someone that"}, {"start": "00:12:01", "end": "00:12:05", "text": "doesn't really know much about how to"}, {"start": "00:12:03", "end": "00:12:07", "text": "set up a gateway how to set up a peer"}, {"start": "00:12:05", "end": "00:12:08", "text": "just download freedom and you can you"}, {"start": "00:12:07", "end": "00:12:11", "text": "know look at it straight away"}, {"start": "00:12:08", "end": "00:12:14", "text": ">> go from there okay so let's talk a"}, {"start": "00:12:11", "end": "00:12:16", "text": "little bit about what kind of uh web 3"}, {"start": "00:12:14", "end": "00:12:19", "text": "plugins might make their way over to"}, {"start": "00:12:16", "end": "00:12:20", "text": "freedom browser what would be coming up"}, {"start": "00:12:19", "end": "00:12:22", "text": "let's say in the next year on freedom"}, {"start": "00:12:20", "end": "00:12:24", "text": "browser that might be more web 3"}, {"start": "00:12:22", "end": "00:12:27", "text": "oriented or AI oriented"}, {"start": "00:12:24", "end": "00:12:29", "text": ">> in a way it's a uh agnostic interface so"}, {"start": "00:12:27", "end": "00:12:31", "text": "whatever people publish and uh that's"}, {"start": "00:12:29", "end": "00:12:34", "text": "also where we work in a very"}, {"start": "00:12:31", "end": "00:12:36", "text": "decentralized way as an organization we"}, {"start": "00:12:34", "end": "00:12:38", "text": "can show whatever people put on these"}, {"start": "00:12:36", "end": "00:12:40", "text": "decentralized networks we don't run IPFS"}, {"start": "00:12:38", "end": "00:12:42", "text": "we don't run swarm so if people decide"}, {"start": "00:12:40", "end": "00:12:43", "text": "to put files there and put websites"}, {"start": "00:12:42", "end": "00:12:44", "text": "there"}, {"start": "00:12:43", "end": "00:12:48", "text": ">> they can they're automatically working"}, {"start": "00:12:44", "end": "00:12:50", "text": "in freedom as well so what we need to do"}, {"start": "00:12:48", "end": "00:12:52", "text": "essentially we have like a 1993 mosaic"}, {"start": "00:12:50", "end": "00:12:55", "text": "browser moment here where It's a bit of"}, {"start": "00:12:52", "end": "00:12:57", "text": "a chicken and egg situation. So you have"}, {"start": "00:12:55", "end": "00:12:59", "text": "a browser that can show decentralized"}, {"start": "00:12:57", "end": "00:13:01", "text": "websites yet there aren't so many"}, {"start": "00:12:59", "end": "00:13:02", "text": "decentralized website out there outside"}, {"start": "00:13:01", "end": "00:13:04", "text": "out there. But for discovery for"}, {"start": "00:13:02", "end": "00:13:06", "text": "example, you could have a search engine."}, {"start": "00:13:04", "end": "00:13:07", "text": "We're also kind of thinking about that."}, {"start": "00:13:06", "end": "00:13:11", "text": "Other people could write a search engine"}, {"start": "00:13:07", "end": "00:13:15", "text": "that you can kind of uh search the the D"}, {"start": "00:13:11", "end": "00:13:18", "text": "web and uh only return DB sites and"}, {"start": "00:13:15", "end": "00:13:20", "text": "that's one thing. Also I mentioned uh"}, {"start": "00:13:18", "end": "00:13:22", "text": "this the swarm it the decentralized"}, {"start": "00:13:20", "end": "00:13:24", "text": "Reddit which is you know a social"}, {"start": "00:13:22", "end": "00:13:27", "text": "network you identify with your public"}, {"start": "00:13:24", "end": "00:13:31", "text": "key and you write with your private key."}, {"start": "00:13:27", "end": "00:13:34", "text": "So it uses this um private public key"}, {"start": "00:13:31", "end": "00:13:37", "text": "pair mechanism to authenticate you to"}, {"start": "00:13:34", "end": "00:13:40", "text": "give you right access rights management"}, {"start": "00:13:37", "end": "00:13:43", "text": "also ownership and also currency. So you"}, {"start": "00:13:40", "end": "00:13:45", "text": "can also easily tip someone uh just"}, {"start": "00:13:43", "end": "00:13:46", "text": "because you have their address already."}, {"start": "00:13:45", "end": "00:13:48", "text": "That's their username essentially. The"}, {"start": "00:13:46", "end": "00:13:51", "text": "username translates to or can translate"}, {"start": "00:13:48", "end": "00:13:52", "text": "to an e name makes makes it human"}, {"start": "00:13:51", "end": "00:13:54", "text": "readable as well."}, {"start": "00:13:52", "end": "00:13:56", "text": ">> Yeah, I would think that would be one of"}, {"start": "00:13:54", "end": "00:13:57", "text": "the big benefits is being able to go"}, {"start": "00:13:56", "end": "00:14:00", "text": "direct like that. I'm intrigued with"}, {"start": "00:13:57", "end": "00:14:03", "text": "where this is going. Um as far as a road"}, {"start": "00:14:00", "end": "00:14:06", "text": "map that you guys are looking at, uh I"}, {"start": "00:14:03", "end": "00:14:07", "text": "noticed something on your browser. It"}, {"start": "00:14:06", "end": "00:14:10", "text": "looked like you had the wallet icon up"}, {"start": "00:14:07", "end": "00:14:11", "text": "there on the right hand side. So, does"}, {"start": "00:14:10", "end": "00:14:12", "text": "that mean that's that's coming?"}, {"start": "00:14:11", "end": "00:14:14", "text": ">> Sneak preview."}, {"start": "00:14:12", "end": "00:14:15", "text": ">> Yes. What you saw on my screen is"}, {"start": "00:14:14", "end": "00:14:18", "text": "actually the development version and"}, {"start": "00:14:15", "end": "00:14:19", "text": "we're heavily working on a yeah a wallet"}, {"start": "00:14:18", "end": "00:14:20", "text": "implementation because"}, {"start": "00:14:19", "end": "00:14:22", "text": ">> okay,"}, {"start": "00:14:20", "end": "00:14:24", "text": ">> browsers and wallets for me from my view"}, {"start": "00:14:22", "end": "00:14:26", "text": "and most of the people in in web 3"}, {"start": "00:14:24", "end": "00:14:28", "text": "belong together. So many wallets have a"}, {"start": "00:14:26", "end": "00:14:30", "text": "browser inside. This is going to be a"}, {"start": "00:14:28", "end": "00:14:31", "text": "browser with a wallet inside. So, it's"}, {"start": "00:14:30", "end": "00:14:33", "text": "not an extension. It's really fully"}, {"start": "00:14:31", "end": "00:14:35", "text": "integrated and a first class citizen in"}, {"start": "00:14:33", "end": "00:14:37", "text": "the browser. It can interact very"}, {"start": "00:14:35", "end": "00:14:39", "text": "naturally with everything on the"}, {"start": "00:14:37", "end": "00:14:41", "text": "website. It comes, it's supplied by the"}, {"start": "00:14:39", "end": "00:14:43", "text": "user agent, the browser and not as an"}, {"start": "00:14:41", "end": "00:14:45", "text": "extension, not injected into the page."}, {"start": "00:14:43", "end": "00:14:47", "text": "It really comes with the browser and"}, {"start": "00:14:45", "end": "00:14:50", "text": "therefore it has many more capabilities"}, {"start": "00:14:47", "end": "00:14:51", "text": "and u yeah it doesn't need to uh talk to"}, {"start": "00:14:50", "end": "00:14:54", "text": "a remote gateway. It can publish"}, {"start": "00:14:51", "end": "00:14:55", "text": "directly from the browser into the"}, {"start": "00:14:54", "end": "00:14:57", "text": "decentralized networks or peer-to-peer"}, {"start": "00:14:55", "end": "00:14:59", "text": "networks. So that's very very powerful."}, {"start": "00:14:57", "end": "00:15:01", "text": "It's almost like a side effect uh you"}, {"start": "00:14:59", "end": "00:15:04", "text": "know because we're using the underlying"}, {"start": "00:15:01", "end": "00:15:07", "text": "technologies already. Yeah. And uh to"}, {"start": "00:15:04", "end": "00:15:10", "text": "put that in was a bit of uh let's say"}, {"start": "00:15:07", "end": "00:15:11", "text": "glue work, glue code, but uh the"}, {"start": "00:15:10", "end": "00:15:13", "text": "fundamentals were already in there"}, {"start": "00:15:11", "end": "00:15:13", "text": "because they come with these D web"}, {"start": "00:15:13", "end": "00:15:16", "text": "networks."}, {"start": "00:15:13", "end": "00:15:19", "text": ">> Listen, I was around in the Netscape"}, {"start": "00:15:16", "end": "00:15:23", "text": "Explorer battles when those two browsers"}, {"start": "00:15:19", "end": "00:15:25", "text": "were essentially fighting, you know,"}, {"start": "00:15:23", "end": "00:15:28", "text": "blood, sweat, and tears kind of thing."}, {"start": "00:15:25", "end": "00:15:30", "text": "Are you at all concerned about the major"}, {"start": "00:15:28", "end": "00:15:32", "text": "browsers out there? I mean, you you look"}, {"start": "00:15:30", "end": "00:15:33", "text": "at Brave. I mean, this is a guy who spun"}, {"start": "00:15:32", "end": "00:15:36", "text": "off. he was more concerned about"}, {"start": "00:15:33", "end": "00:15:39", "text": "security which is why Brave has grown so"}, {"start": "00:15:36", "end": "00:15:41", "text": "fast and has become a big browser. Uh"}, {"start": "00:15:39", "end": "00:15:43", "text": "Firefox obviously from Mozilla which was"}, {"start": "00:15:41", "end": "00:15:46", "text": "really the or the origin of trying to"}, {"start": "00:15:43", "end": "00:15:48", "text": "get privacy back. But are you guys"}, {"start": "00:15:46", "end": "00:15:50", "text": "concerned at all about you know the"}, {"start": "00:15:48", "end": "00:15:52", "text": "Chromes of the worlds, the Microsoft and"}, {"start": "00:15:50", "end": "00:15:54", "text": "the Edge browsers of the world trying to"}, {"start": "00:15:52", "end": "00:15:57", "text": "basically get this out of here because"}, {"start": "00:15:54", "end": "00:16:00", "text": "this would essentially defeat everything"}, {"start": "00:15:57", "end": "00:16:02", "text": "they're doing right now. If you put it"}, {"start": "00:16:00", "end": "00:16:03", "text": "like that, I get a little bit scared and"}, {"start": "00:16:02", "end": "00:16:06", "text": "I feel them coming after me and feel"}, {"start": "00:16:03", "end": "00:16:08", "text": "their their breath in my neck. It's it's"}, {"start": "00:16:06", "end": "00:16:11", "text": "not meant to be that. So, if you look at"}, {"start": "00:16:08", "end": "00:16:15", "text": "how Linux started, right, it was posted"}, {"start": "00:16:11", "end": "00:16:15", "text": "by uh"}, {"start": "00:16:16", "end": "00:16:24", "text": "see Chrome Chrome has has struck again."}, {"start": "00:16:22", "end": "00:16:27", "text": "This is funny. We see we talked about"}, {"start": "00:16:24", "end": "00:16:31", "text": "Google and what happens?"}, {"start": "00:16:27", "end": "00:16:34", "text": "Uh, it's just fitting. It's just"}, {"start": "00:16:31", "end": "00:16:36", "text": ">> boom, the interview's over."}, {"start": "00:16:34", "end": "00:16:38", "text": ">> And this is because it's an open source"}, {"start": "00:16:36", "end": "00:16:41", "text": "project. Freedom is fully open source"}, {"start": "00:16:38", "end": "00:16:43", "text": "and a nonprofit. It it's not really uh"}, {"start": "00:16:41", "end": "00:16:44", "text": "evolved as a nonprofit organization yet"}, {"start": "00:16:43", "end": "00:16:46", "text": "because it's so new. So, we started the"}, {"start": "00:16:44", "end": "00:16:48", "text": "project like four or five months ago."}, {"start": "00:16:46", "end": "00:16:50", "text": "It's very very fresh. Um, but that is"}, {"start": "00:16:48", "end": "00:16:53", "text": "definitely the the plan to have it as a"}, {"start": "00:16:50", "end": "00:16:55", "text": "nonprofit project. uh just to kind of um"}, {"start": "00:16:53", "end": "00:16:59", "text": "enable something in the web that we"}, {"start": "00:16:55", "end": "00:17:01", "text": "believe humanity, if you want to be very"}, {"start": "00:16:59", "end": "00:17:05", "text": "um yeah, let's use big words, humanity"}, {"start": "00:17:01", "end": "00:17:08", "text": "needs and and kind of should have. U so"}, {"start": "00:17:05", "end": "00:17:11", "text": "we are free enough to be also free from"}, {"start": "00:17:08", "end": "00:17:12", "text": "economic pressures as developers. So we"}, {"start": "00:17:11", "end": "00:17:14", "text": "have the freedom to really look into"}, {"start": "00:17:12", "end": "00:17:16", "text": "this and also put our own resources in"}, {"start": "00:17:14", "end": "00:17:19", "text": "it and really make something that we"}, {"start": "00:17:16", "end": "00:17:21", "text": "believe the world needs. So kind of I"}, {"start": "00:17:19", "end": "00:17:22", "text": "want to see the change, you know, I want"}, {"start": "00:17:21", "end": "00:17:24", "text": "to be the change that I want to see in"}, {"start": "00:17:22", "end": "00:17:25", "text": "the world. And this is really one"}, {"start": "00:17:24", "end": "00:17:27", "text": "expression of that."}, {"start": "00:17:25", "end": "00:17:29", "text": ">> I'm glad you're working on this. So, you"}, {"start": "00:17:27", "end": "00:17:31", "text": "know, because I'm I'm a big freedom"}, {"start": "00:17:29", "end": "00:17:33", "text": "proponent and I think privacy is another"}, {"start": "00:17:31", "end": "00:17:35", "text": "big uh factor that we're dealing with"}, {"start": "00:17:33", "end": "00:17:37", "text": "right now uh around the world and and if"}, {"start": "00:17:35", "end": "00:17:39", "text": "we can get a browser that finally"}, {"start": "00:17:37", "end": "00:17:41", "text": "doesn't spy on us, that would be nice."}, {"start": "00:17:39", "end": "00:17:42", "text": "But Mald, it's been great having you on"}, {"start": "00:17:41", "end": "00:17:43", "text": "the show. Thank you so much for coming"}, {"start": "00:17:42", "end": "00:17:44", "text": "in."}, {"start": "00:17:43", "end": "00:17:48", "text": ">> Yeah, also great talking about it."}, {"start": "00:17:44", "end": "00:17:48", "text": "Thanks for that."}, {"start": "00:17:52", "end": "00:17:56", "text": "If you like this video, hit like and"}, {"start": "00:17:53", "end": "00:17:58", "text": "subscribe. Drop a comment down below and"}, {"start": "00:17:56", "end": "00:18:02", "text": "also join our free private member group."}, {"start": "00:17:58", "end": "00:18:02", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Tax day just around the corner. Could we"}, {"start": "00:00:02", "end": "00:00:05", "text": "see a doom spending rally? Today we'll"}, {"start": "00:00:04", "end": "00:00:06", "text": "break it down with a tax expert. You"}, {"start": "00:00:05", "end": "00:00:08", "text": "guys don't want to miss it. Let's jump"}, {"start": "00:00:06", "end": "00:00:10", "text": "in. I do want to thank our sponsor today"}, {"start": "00:00:08", "end": "00:00:12", "text": "and that is iTrustCapital where you can"}, {"start": "00:00:10", "end": "00:00:14", "text": "guys can still take advantage of your"}, {"start": "00:00:12", "end": "00:00:16", "text": "crypto IRA and that is one of the things"}, {"start": "00:00:14", "end": "00:00:19", "text": "that you can do around diversifying your"}, {"start": "00:00:16", "end": "00:00:20", "text": "portfolio. So check it out using our"}, {"start": "00:00:19", "end": "00:00:22", "text": "link. It's going to give you a $100"}, {"start": "00:00:20", "end": "00:00:24", "text": "funding reward just to get going there."}, {"start": "00:00:22", "end": "00:00:26", "text": "You can buy and sell crypto. Of course,"}, {"start": "00:00:24", "end": "00:00:28", "text": "you can get in gold and silver as well"}, {"start": "00:00:26", "end": "00:00:31", "text": "in your IRA over there. So very easy to"}, {"start": "00:00:28", "end": "00:00:33", "text": "set up and no monthly fees. So a nice"}, {"start": "00:00:31", "end": "00:00:36", "text": "package for you guys. As you build your"}, {"start": "00:00:33", "end": "00:00:38", "text": "IRA, I wanted to bring in David from"}, {"start": "00:00:36", "end": "00:00:39", "text": "CoinLedger. We've had him on usually"}, {"start": "00:00:38", "end": "00:00:42", "text": "around this time of year talking about"}, {"start": "00:00:39", "end": "00:00:44", "text": "taxes. So David, how are you?"}, {"start": "00:00:42", "end": "00:00:47", "text": "I am doing well. We have like a week"}, {"start": "00:00:44", "end": "00:00:50", "text": "left of the US tax season before the"}, {"start": "00:00:47", "end": "00:00:52", "text": "15th. So it's a busy time here."}, {"start": "00:00:50", "end": "00:00:54", "text": "Yeah, no kidding. Listen, we've got a"}, {"start": "00:00:52", "end": "00:00:57", "text": "couple of people pointing at the April"}, {"start": "00:00:54", "end": "00:00:59", "text": "15th as a potential bullish indicator."}, {"start": "00:00:57", "end": "00:01:01", "text": "Matt Hogan was talking about it saying,"}, {"start": "00:00:59", "end": "00:01:04", "text": "\"Hey, the 15th could mean that we could"}, {"start": "00:01:01", "end": "00:01:06", "text": "see an uptrend of people finally off the"}, {"start": "00:01:04", "end": "00:01:08", "text": "hook of having to deal with taxes after"}, {"start": "00:01:06", "end": "00:01:11", "text": "the 15th. Do you think we'll see a rally"}, {"start": "00:01:08", "end": "00:01:12", "text": "on on crypto after all this?"}, {"start": "00:01:11", "end": "00:01:13", "text": "What's been the I think there's a"}, {"start": "00:01:12", "end": "00:01:13", "text": "chance."}, {"start": "00:01:13", "end": "00:01:15", "text": "Okay."}, {"start": "00:01:13", "end": "00:01:18", "text": ">> there's a chance, you know, as people"}, {"start": "00:01:15", "end": "00:01:19", "text": "get refunds back, there is more"}, {"start": "00:01:18", "end": "00:01:21", "text": "liquidity in the market, especially"}, {"start": "00:01:19", "end": "00:01:23", "text": "amongst retail folks. And so I think"}, {"start": "00:01:21", "end": "00:01:25", "text": "there's a chance that some of that finds"}, {"start": "00:01:23", "end": "00:01:29", "text": "its way into crypto assets."}, {"start": "00:01:25", "end": "00:01:30", "text": "We saw this last year on"}, {"start": "00:01:29", "end": "00:01:33", "text": "Gen Z"}, {"start": "00:01:30", "end": "00:01:34", "text": "and and some millennials that were doom"}, {"start": "00:01:33", "end": "00:01:36", "text": "spending is what do they call it? And"}, {"start": "00:01:34", "end": "00:01:37", "text": "and typically it's like you get your tax"}, {"start": "00:01:36", "end": "00:01:39", "text": "refund back and then you go put it"}, {"start": "00:01:37", "end": "00:01:41", "text": "against a few things. A lot of people"}, {"start": "00:01:39", "end": "00:01:43", "text": "would maybe go against crypto. I've got"}, {"start": "00:01:41", "end": "00:01:44", "text": "a clip here I want you to to watch. Take"}, {"start": "00:01:43", "end": "00:01:45", "text": "a look."}, {"start": "00:01:44", "end": "00:01:47", "text": "We're not going to be financially"}, {"start": "00:01:45", "end": "00:01:49", "text": "responsible with our tax refund if I'm"}, {"start": "00:01:47", "end": "00:01:50", "text": "being completely honest. You know what?"}, {"start": "00:01:49", "end": "00:01:53", "text": "I'm going to get me a little something."}, {"start": "00:01:50", "end": "00:01:55", "text": "I put $800 into my stocks. Hi my"}, {"start": "00:01:53", "end": "00:01:56", "text": "beauties. Let's spend the day together."}, {"start": "00:01:55", "end": "00:01:58", "text": "First we're going to go get breakfast at"}, {"start": "00:01:56", "end": "00:02:01", "text": "Waffle House. Let's go do some retail"}, {"start": "00:01:58", "end": "00:02:04", "text": "shopping. I got the brownie batter. It"}, {"start": "00:02:01", "end": "00:02:06", "text": "was okay but not my favorite. I'm about"}, {"start": "00:02:04", "end": "00:02:08", "text": "to spend all of my money. Looks like"}, {"start": "00:02:06", "end": "00:02:09", "text": "Christmas came early. They better send"}, {"start": "00:02:08", "end": "00:02:11", "text": "it with interest. They're real quick to"}, {"start": "00:02:09", "end": "00:02:11", "text": "charge us interest when we owe them"}, {"start": "00:02:11", "end": "00:02:13", "text": "money."}, {"start": "00:02:11", "end": "00:02:15", "text": ">> It is okay to save."}, {"start": "00:02:13", "end": "00:02:17", "text": ">> But do you know how rare this is to find"}, {"start": "00:02:15", "end": "00:02:20", "text": "online? This is how the Disney company"}, {"start": "00:02:17", "end": "00:02:22", "text": "is still raking in cash."}, {"start": "00:02:20", "end": "00:02:24", "text": ">> It is unbelievable."}, {"start": "00:02:22", "end": "00:02:27", "text": "All right. So the point is is that"}, {"start": "00:02:24", "end": "00:02:28", "text": "people could take this tax refund, move"}, {"start": "00:02:27", "end": "00:02:31", "text": "it into"}, {"start": "00:02:28", "end": "00:02:32", "text": "investments and uh kind of get going"}, {"start": "00:02:31", "end": "00:02:34", "text": "here. Do you think this is going to be"}, {"start": "00:02:32", "end": "00:02:35", "text": "another doom spending year? Do you think"}, {"start": "00:02:34", "end": "00:02:38", "text": "people are finally going to say, \"Hey,"}, {"start": "00:02:35", "end": "00:02:40", "text": "no. I need to beat inflation and"}, {"start": "00:02:38", "end": "00:02:42", "text": "invest.\""}, {"start": "00:02:40", "end": "00:02:44", "text": "Yeah, I think some of the money will"}, {"start": "00:02:42", "end": "00:02:45", "text": "find its way into investments and"}, {"start": "00:02:44", "end": "00:02:47", "text": "[clears throat] some won't. The question"}, {"start": "00:02:45", "end": "00:02:50", "text": "is how much? Um"}, {"start": "00:02:47", "end": "00:02:52", "text": "I don't know but I do think, you know,"}, {"start": "00:02:50", "end": "00:02:54", "text": "a chunk of that will find its way into"}, {"start": "00:02:52", "end": "00:02:56", "text": "assets like crypto."}, {"start": "00:02:54", "end": "00:02:58", "text": "In your opinion right now, I'm just kind"}, {"start": "00:02:56", "end": "00:03:00", "text": "of curious. Do you think this year was"}, {"start": "00:02:58", "end": "00:03:03", "text": "cuz a lot of people lost money in crypto"}, {"start": "00:03:00", "end": "00:03:06", "text": "in 25. Some people took tax loss"}, {"start": "00:03:03", "end": "00:03:09", "text": "harvesting in December. Do you think was"}, {"start": "00:03:06", "end": "00:03:11", "text": "this was a a good or a bad tax year for"}, {"start": "00:03:09", "end": "00:03:11", "text": "crypto in general?"}, {"start": "00:03:11", "end": "00:03:15", "text": ">> [snorts]"}, {"start": "00:03:11", "end": "00:03:18", "text": ">> I think overall bad just in terms of"}, {"start": "00:03:15", "end": "00:03:20", "text": "folks did lose money. Now, not across"}, {"start": "00:03:18", "end": "00:03:23", "text": "the board but, you know, in a in the"}, {"start": "00:03:20", "end": "00:03:24", "text": "period of prices declining year over"}, {"start": "00:03:23", "end": "00:03:26", "text": "year."}, {"start": "00:03:24", "end": "00:03:29", "text": "Um that does create tax savings"}, {"start": "00:03:26", "end": "00:03:31", "text": "opportunities as you mentioned because"}, {"start": "00:03:29", "end": "00:03:33", "text": "if you have realized losses, that"}, {"start": "00:03:31", "end": "00:03:35", "text": "deducts against gains and income and you"}, {"start": "00:03:33", "end": "00:03:37", "text": "can save money on your total taxable"}, {"start": "00:03:35", "end": "00:03:39", "text": "income. But overall, I think yeah, not"}, {"start": "00:03:37", "end": "00:03:41", "text": "as great of a year when we look back on"}, {"start": "00:03:39", "end": "00:03:43", "text": "2025."}, {"start": "00:03:41", "end": "00:03:46", "text": "Anything that you guys have been getting"}, {"start": "00:03:43", "end": "00:03:48", "text": "in terms of data or trends"}, {"start": "00:03:46", "end": "00:03:50", "text": "that you could see for especially for"}, {"start": "00:03:48", "end": "00:03:52", "text": "preparing for 2026"}, {"start": "00:03:50", "end": "00:03:54", "text": "that you could share with us. Anything"}, {"start": "00:03:52", "end": "00:03:56", "text": "that you're watching?"}, {"start": "00:03:54", "end": "00:03:58", "text": "Yeah, the big thing is the big change"}, {"start": "00:03:56", "end": "00:04:01", "text": "that all the exchanges are now sending"}, {"start": "00:03:58", "end": "00:04:02", "text": "out form 1099-DA"}, {"start": "00:04:01", "end": "00:04:04", "text": "to all investors. So if you bought,"}, {"start": "00:04:02", "end": "00:04:06", "text": "sold, or traded crypto on, let's say,"}, {"start": "00:04:04", "end": "00:04:09", "text": "Coinbase, now Coinbase will send you a"}, {"start": "00:04:06", "end": "00:04:12", "text": "tax form that details those trades and"}, {"start": "00:04:09", "end": "00:04:14", "text": "the IRS will receive an identical copy."}, {"start": "00:04:12", "end": "00:04:16", "text": "And so this is really kind of bringing"}, {"start": "00:04:14", "end": "00:04:17", "text": "out folks who maybe are a little bit"}, {"start": "00:04:16", "end": "00:04:20", "text": "behind or haven't historically been"}, {"start": "00:04:17", "end": "00:04:21", "text": "reporting any crypto income. And so I"}, {"start": "00:04:20", "end": "00:04:22", "text": "think that's really the story of the"}, {"start": "00:04:21", "end": "00:04:25", "text": "year from our side is we're seeing a lot"}, {"start": "00:04:22", "end": "00:04:26", "text": "more folks come out of the woodwork who,"}, {"start": "00:04:25", "end": "00:04:29", "text": "you know, kind of reconciling these"}, {"start": "00:04:26", "end": "00:04:30", "text": "1099-DAs for the first time that the IRS"}, {"start": "00:04:29", "end": "00:04:33", "text": "now has a copy of."}, {"start": "00:04:30", "end": "00:04:36", "text": "Do you think Okay, so for 2026, is there"}, {"start": "00:04:33", "end": "00:04:38", "text": "anything coming down the pipeline"}, {"start": "00:04:36", "end": "00:04:41", "text": "that you know of other than it's likely"}, {"start": "00:04:38", "end": "00:04:42", "text": "that we'll see Congress probably, once"}, {"start": "00:04:41", "end": "00:04:44", "text": "clarity is done, and I want to kind of"}, {"start": "00:04:42", "end": "00:04:45", "text": "get your opinion on that, start to move"}, {"start": "00:04:44", "end": "00:04:47", "text": "forward on some sort sort of tax code"}, {"start": "00:04:45", "end": "00:04:51", "text": "for crypto. Anything that you're"}, {"start": "00:04:47", "end": "00:04:54", "text": "concerned with around crypto taxes for"}, {"start": "00:04:51", "end": "00:04:57", "text": "2026 that might cycle into next year?"}, {"start": "00:04:54", "end": "00:05:00", "text": "No, I think not concerns more like"}, {"start": "00:04:57", "end": "00:05:03", "text": "hopefully benefits. Um hopefully maybe"}, {"start": "00:05:00", "end": "00:05:05", "text": "de minimis spending exemptions. Right."}, {"start": "00:05:03", "end": "00:05:07", "text": "More clarifying facts around stablecoin"}, {"start": "00:05:05", "end": "00:05:10", "text": "transactions"}, {"start": "00:05:07", "end": "00:05:12", "text": "and how that can, you know, wash out and"}, {"start": "00:05:10", "end": "00:05:14", "text": "not have to get reported line by line."}, {"start": "00:05:12", "end": "00:05:16", "text": "Um so more hopeful things. I don't think"}, {"start": "00:05:14", "end": "00:05:18", "text": "there's going to be any like dooms like"}, {"start": "00:05:16", "end": "00:05:22", "text": "legislation that are going to harm"}, {"start": "00:05:18", "end": "00:05:24", "text": "people. I think hopefully only good."}, {"start": "00:05:22", "end": "00:05:26", "text": "So good news maybe coming out of that"}, {"start": "00:05:24", "end": "00:05:27", "text": "especially if we get clarity going"}, {"start": "00:05:26", "end": "00:05:30", "text": "through. I think that'll be the first"}, {"start": "00:05:27", "end": "00:05:32", "text": "step which will have other, you know,"}, {"start": "00:05:30", "end": "00:05:34", "text": "effects that'll be somewhat tertiary to"}, {"start": "00:05:32", "end": "00:05:34", "text": "what's happening in the market right"}, {"start": "00:05:34", "end": "00:05:37", "text": "now."}, {"start": "00:05:34", "end": "00:05:39", "text": "I'm looking at the potential here of"}, {"start": "00:05:37", "end": "00:05:41", "text": "taking your tax refund"}, {"start": "00:05:39", "end": "00:05:43", "text": "and looking at long-term savings. And if"}, {"start": "00:05:41", "end": "00:05:44", "text": "you think about staking ETH would be"}, {"start": "00:05:43", "end": "00:05:47", "text": "one. I think it's right now about 2 and"}, {"start": "00:05:44", "end": "00:05:48", "text": "1/2. You look at even what they're doing"}, {"start": "00:05:47", "end": "00:05:50", "text": "with some of the vaults which have been"}, {"start": "00:05:48", "end": "00:05:52", "text": "pretty significant. What do you think"}, {"start": "00:05:50", "end": "00:05:54", "text": "about this? Do you think this would be a"}, {"start": "00:05:52", "end": "00:05:56", "text": "good strategy for someone in terms of"}, {"start": "00:05:54", "end": "00:05:58", "text": "how to deal with a tax refund? Now"}, {"start": "00:05:56", "end": "00:06:00", "text": "you've got a little bit of cash back. Is"}, {"start": "00:05:58", "end": "00:06:01", "text": "this an opportunity to maybe take"}, {"start": "00:06:00", "end": "00:06:03", "text": "advantage of?"}, {"start": "00:06:01", "end": "00:06:05", "text": "Yeah, I think as interest rates have"}, {"start": "00:06:03", "end": "00:06:08", "text": "come down,"}, {"start": "00:06:05", "end": "00:06:12", "text": "um more incentive to put put liquid"}, {"start": "00:06:08", "end": "00:06:14", "text": "assets into these types of vehicles is"}, {"start": "00:06:12", "end": "00:06:15", "text": "kind of the money markets aren't paying"}, {"start": "00:06:14", "end": "00:06:19", "text": "out as high. So if you just have idle"}, {"start": "00:06:15", "end": "00:06:21", "text": "cash, uh can be a good spot to keep some"}, {"start": "00:06:19", "end": "00:06:23", "text": "of that cash or, you know, pull it off"}, {"start": "00:06:21", "end": "00:06:25", "text": "kind of in an investment. Um as we've"}, {"start": "00:06:23", "end": "00:06:27", "text": "seen, the money market funds aren't"}, {"start": "00:06:25", "end": "00:06:28", "text": "paying what they were a couple years"}, {"start": "00:06:27", "end": "00:06:30", "text": "ago."}, {"start": "00:06:28", "end": "00:06:33", "text": "Yeah, I think the the advantage here is"}, {"start": "00:06:30", "end": "00:06:35", "text": "this would not be qualified as income"}, {"start": "00:06:33", "end": "00:06:38", "text": "when you're on liquid stake tokens. So"}, {"start": "00:06:35", "end": "00:06:40", "text": "um cuz it just rolls into the token"}, {"start": "00:06:38", "end": "00:06:43", "text": "itself. Are there other things that you"}, {"start": "00:06:40", "end": "00:06:46", "text": "guys are are watching that maybe starts"}, {"start": "00:06:43", "end": "00:06:48", "text": "to build value without creating those"}, {"start": "00:06:46", "end": "00:06:50", "text": "those kinds of events that occur when"}, {"start": "00:06:48", "end": "00:06:52", "text": "you start to take profits on crypto in"}, {"start": "00:06:50", "end": "00:06:53", "text": "general?"}, {"start": "00:06:52", "end": "00:06:55", "text": "Yeah, you're totally right. When"}, {"start": "00:06:53", "end": "00:06:58", "text": "[clears throat] it accrues to kind of"}, {"start": "00:06:55", "end": "00:07:00", "text": "the token itself in that mechanism, then"}, {"start": "00:06:58", "end": "00:07:01", "text": "when you realize the gain by exiting the"}, {"start": "00:07:00", "end": "00:07:04", "text": "position, it's like a sale event and"}, {"start": "00:07:01", "end": "00:07:06", "text": "that realizes capital gains, most tax"}, {"start": "00:07:04", "end": "00:07:09", "text": "professionals would argue, which are"}, {"start": "00:07:06", "end": "00:07:12", "text": "taxed typically less than your ordinary"}, {"start": "00:07:09", "end": "00:07:15", "text": "income tax bracket. And so that is a"}, {"start": "00:07:12", "end": "00:07:18", "text": "great strategy if you're wanting staking"}, {"start": "00:07:15", "end": "00:07:20", "text": "exposure to go that route rather than a"}, {"start": "00:07:18", "end": "00:07:23", "text": "route where you're getting dripped"}, {"start": "00:07:20", "end": "00:07:24", "text": "rewards to a wallet which that is very"}, {"start": "00:07:23", "end": "00:07:28", "text": "certainly income which is going to be"}, {"start": "00:07:24", "end": "00:07:30", "text": "taxed at your ordinary income tax rate."}, {"start": "00:07:28", "end": "00:07:32", "text": "So we're seeing Bitcoin now hovering"}, {"start": "00:07:30", "end": "00:07:34", "text": "around 70K again even after, you know,"}, {"start": "00:07:32", "end": "00:07:36", "text": "the most recent events. We started to"}, {"start": "00:07:34", "end": "00:07:38", "text": "see a little bit of upside. But point"}, {"start": "00:07:36", "end": "00:07:40", "text": "being is that"}, {"start": "00:07:38", "end": "00:07:42", "text": "is this a time"}, {"start": "00:07:40", "end": "00:07:44", "text": "maybe in which"}, {"start": "00:07:42", "end": "00:07:46", "text": "somebody might start, you know, cuz for"}, {"start": "00:07:44", "end": "00:07:49", "text": "2026 they may not want to take uh and"}, {"start": "00:07:46", "end": "00:07:51", "text": "sell their Bitcoin but they may want to"}, {"start": "00:07:49", "end": "00:07:52", "text": "uh garner assets against it. So taking"}, {"start": "00:07:51", "end": "00:07:55", "text": "out a loan, things of that. Is that a"}, {"start": "00:07:52", "end": "00:07:56", "text": "still Is that still a solid strategy for"}, {"start": "00:07:55", "end": "00:07:58", "text": "a crypto investor is loaning against"}, {"start": "00:07:56", "end": "00:08:00", "text": "their asset?"}, {"start": "00:07:58", "end": "00:08:03", "text": "Yeah, totally. If you are trying to make"}, {"start": "00:08:00", "end": "00:08:04", "text": "a large purchase in your life and you"}, {"start": "00:08:03", "end": "00:08:06", "text": "need some cash but you don't want to"}, {"start": "00:08:04", "end": "00:08:08", "text": "sell your Bitcoin and you don't want to"}, {"start": "00:08:06", "end": "00:08:11", "text": "realize maybe you still are in a large"}, {"start": "00:08:08", "end": "00:08:13", "text": "gain position. A lot of folks do find"}, {"start": "00:08:11", "end": "00:08:15", "text": "when they run the numbers that, \"Hey,"}, {"start": "00:08:13", "end": "00:08:18", "text": "the lending rate that I'm going to owe"}, {"start": "00:08:15", "end": "00:08:19", "text": "on lending against my Bitcoin, pulling"}, {"start": "00:08:18", "end": "00:08:21", "text": "out cash, kind of like a home equity"}, {"start": "00:08:19", "end": "00:08:24", "text": "loan, if you think about it, is less"}, {"start": "00:08:21", "end": "00:08:26", "text": "than the tax bill I would incur by just"}, {"start": "00:08:24", "end": "00:08:28", "text": "liquidating it.\" Um now, you have to be"}, {"start": "00:08:26", "end": "00:08:30", "text": "aware of if you take out a loan and the"}, {"start": "00:08:28", "end": "00:08:32", "text": "price goes down, you may you could get"}, {"start": "00:08:30", "end": "00:08:35", "text": "margin called and have to post more"}, {"start": "00:08:32", "end": "00:08:37", "text": "collateral. But this has been a strategy"}, {"start": "00:08:35", "end": "00:08:40", "text": "that sophisticated folks have been using"}, {"start": "00:08:37", "end": "00:08:43", "text": "for a long time to not realize the"}, {"start": "00:08:40", "end": "00:08:45", "text": "capital gain and still be able to"}, {"start": "00:08:43", "end": "00:08:47", "text": "leverage the asset value of their"}, {"start": "00:08:45", "end": "00:08:49", "text": "Bitcoin holdings. Well, I think the"}, {"start": "00:08:47", "end": "00:08:51", "text": "difference here for a lot of people who"}, {"start": "00:08:49", "end": "00:08:54", "text": "have maybe done with this with real"}, {"start": "00:08:51", "end": "00:08:56", "text": "estate or gold is the volatility that,"}, {"start": "00:08:54", "end": "00:08:58", "text": "you know, crypto typically, you know, uh"}, {"start": "00:08:56", "end": "00:09:00", "text": "encounters. So that's the one factor"}, {"start": "00:08:58", "end": "00:09:03", "text": "there. But but at the point we are right"}, {"start": "00:09:00", "end": "00:09:06", "text": "now which is, I would say, either near"}, {"start": "00:09:03", "end": "00:09:09", "text": "the bottom or possibly seeing one major"}, {"start": "00:09:06", "end": "00:09:10", "text": "leg down again, it's very possible,"}, {"start": "00:09:09", "end": "00:09:12", "text": "depending on what your loan to value"}, {"start": "00:09:10", "end": "00:09:14", "text": "would be, um"}, {"start": "00:09:12", "end": "00:09:15", "text": "that would probably be a good time as we"}, {"start": "00:09:14", "end": "00:09:17", "text": "as you start to see it, you know, going"}, {"start": "00:09:15", "end": "00:09:19", "text": "down cuz then as it accelerates up, it"}, {"start": "00:09:17", "end": "00:09:20", "text": "starts to create a really great benefit"}, {"start": "00:09:19", "end": "00:09:23", "text": "for you."}, {"start": "00:09:20", "end": "00:09:25", "text": "Um let's talk about the Clarity Act. So"}, {"start": "00:09:23", "end": "00:09:27", "text": "clarity comes through"}, {"start": "00:09:25", "end": "00:09:29", "text": "uh it right now there's a new White"}, {"start": "00:09:27", "end": "00:09:31", "text": "House report out here. They did a whole"}, {"start": "00:09:29", "end": "00:09:33", "text": "thing on whether or not stablecoins"}, {"start": "00:09:31", "end": "00:09:34", "text": "would cause problems for banks. They"}, {"start": "00:09:33", "end": "00:09:36", "text": "found out that no, it's not necessarily"}, {"start": "00:09:34", "end": "00:09:38", "text": "the case. I'm kind of curious on your"}, {"start": "00:09:36", "end": "00:09:40", "text": "opinion. You you've you've been watching"}, {"start": "00:09:38", "end": "00:09:42", "text": "this for quite some time. Do you think"}, {"start": "00:09:40", "end": "00:09:45", "text": "we could get lucky and actually win on"}, {"start": "00:09:42", "end": "00:09:46", "text": "the on the yield situation in general,"}, {"start": "00:09:45", "end": "00:09:50", "text": "the industry?"}, {"start": "00:09:46", "end": "00:09:52", "text": "Yeah, I hope so. Um I think Coinbase and"}, {"start": "00:09:50", "end": "00:09:56", "text": "others have been fighting the good"}, {"start": "00:09:52", "end": "00:09:57", "text": "fights. Um and I'm hopeful that we can,"}, {"start": "00:09:56", "end": "00:09:59", "text": "you know,"}, {"start": "00:09:57", "end": "00:10:01", "text": "get those wins and get that passed into"}, {"start": "00:09:59", "end": "00:10:03", "text": "law so that you know future"}, {"start": "00:10:01", "end": "00:10:05", "text": "administrations whether left or right"}, {"start": "00:10:03", "end": "00:10:08", "text": "that is much harder to change when it"}, {"start": "00:10:05", "end": "00:10:09", "text": "gets signed into law. Yeah."}, {"start": "00:10:08", "end": "00:10:11", "text": "Before we go to our lightning round"}, {"start": "00:10:09", "end": "00:10:12", "text": "David which is just kind of a quick"}, {"start": "00:10:11", "end": "00:10:15", "text": "random"}, {"start": "00:10:12", "end": "00:10:17", "text": "questions on on where the industry is"}, {"start": "00:10:15", "end": "00:10:20", "text": "as related to taxes. Is there anything"}, {"start": "00:10:17", "end": "00:10:23", "text": "that a person could do now"}, {"start": "00:10:20", "end": "00:10:25", "text": "knowing that tax deadline is next week?"}, {"start": "00:10:23", "end": "00:10:27", "text": "Is there anything they can do now and"}, {"start": "00:10:25", "end": "00:10:29", "text": "would an extension hurt them or help"}, {"start": "00:10:27", "end": "00:10:31", "text": "them even if they owed tax? What what"}, {"start": "00:10:29", "end": "00:10:34", "text": "would you be your scenario there?"}, {"start": "00:10:31", "end": "00:10:36", "text": "So there's no penalty or harm in filing"}, {"start": "00:10:34", "end": "00:10:40", "text": "an extension. Now to your point if you"}, {"start": "00:10:36", "end": "00:10:42", "text": "do owe taxes then you need to make that"}, {"start": "00:10:40", "end": "00:10:44", "text": "payment before April 15th otherwise"}, {"start": "00:10:42", "end": "00:10:46", "text": "you'll owe penalties. But if you don't"}, {"start": "00:10:44", "end": "00:10:48", "text": "have all of your documents together or"}, {"start": "00:10:46", "end": "00:10:51", "text": "if you're missing some maybe K-1s or"}, {"start": "00:10:48", "end": "00:10:53", "text": "1099s that you're going to need a lot of"}, {"start": "00:10:51", "end": "00:10:55", "text": "people file an extension gives them till"}, {"start": "00:10:53", "end": "00:10:57", "text": "you know in the middle of October to get"}, {"start": "00:10:55", "end": "00:10:59", "text": "everything fully filed with their tax"}, {"start": "00:10:57", "end": "00:11:02", "text": "return."}, {"start": "00:10:59", "end": "00:11:03", "text": "And so that is a great strategy it's"}, {"start": "00:11:02", "end": "00:11:04", "text": "it's not even really strategy it's just"}, {"start": "00:11:03", "end": "00:11:06", "text": "a time saver"}, {"start": "00:11:04", "end": "00:11:09", "text": "if you don't have everything fully put"}, {"start": "00:11:06", "end": "00:11:11", "text": "together. Now again if you still are"}, {"start": "00:11:09", "end": "00:11:13", "text": "going to owe taxes you should make an"}, {"start": "00:11:11", "end": "00:11:15", "text": "estimated payment and try to overshoot"}, {"start": "00:11:13", "end": "00:11:16", "text": "what you believe you're going to owe"}, {"start": "00:11:15", "end": "00:11:19", "text": "because then that will come back to you"}, {"start": "00:11:16", "end": "00:11:21", "text": "when you file the return as a refund."}, {"start": "00:11:19", "end": "00:11:24", "text": "But yes a lot a lot of crypto investors"}, {"start": "00:11:21", "end": "00:11:25", "text": "do file extensions for kind of these"}, {"start": "00:11:24", "end": "00:11:27", "text": "reasons."}, {"start": "00:11:25", "end": "00:11:29", "text": "What is the one tip now that let's you"}, {"start": "00:11:27", "end": "00:11:32", "text": "know it's past April 15th we're already"}, {"start": "00:11:29", "end": "00:11:34", "text": "starting to prepare for next year 2026."}, {"start": "00:11:32", "end": "00:11:36", "text": "Is there anything a tax planner should"}, {"start": "00:11:34", "end": "00:11:37", "text": "do now someone that's starting to say"}, {"start": "00:11:36", "end": "00:11:39", "text": "I'm going to really start to get ahead"}, {"start": "00:11:37", "end": "00:11:41", "text": "of this game?"}, {"start": "00:11:39", "end": "00:11:44", "text": "Yeah I think the biggest thing is take a"}, {"start": "00:11:41", "end": "00:11:46", "text": "look at what assets you're holding are"}, {"start": "00:11:44", "end": "00:11:48", "text": "underwater or not meaning what's in a"}, {"start": "00:11:46", "end": "00:11:50", "text": "loss position or what's not because tax"}, {"start": "00:11:48", "end": "00:11:52", "text": "loss harvesting while it's most commonly"}, {"start": "00:11:50", "end": "00:11:56", "text": "done in December can be done at any"}, {"start": "00:11:52", "end": "00:11:58", "text": "point throughout the year. So if you for"}, {"start": "00:11:56", "end": "00:12:00", "text": "example let's say are expecting a large"}, {"start": "00:11:58", "end": "00:12:02", "text": "gain in some other asset class let's say"}, {"start": "00:12:00", "end": "00:12:04", "text": "you're selling your house this year or"}, {"start": "00:12:02", "end": "00:12:06", "text": "you have a big run on some AI stocks"}, {"start": "00:12:04", "end": "00:12:07", "text": "that you've been investing in"}, {"start": "00:12:06", "end": "00:12:10", "text": "Yeah. And if you're down in a crypto"}, {"start": "00:12:07", "end": "00:12:12", "text": "position it can be smart to hey realize"}, {"start": "00:12:10", "end": "00:12:15", "text": "that right now you lock in that loss buy"}, {"start": "00:12:12", "end": "00:12:17", "text": "back in and then you know you can offset"}, {"start": "00:12:15", "end": "00:12:19", "text": "against the expected capital gain. And"}, {"start": "00:12:17", "end": "00:12:22", "text": "so it's smart from like a tax planning"}, {"start": "00:12:19", "end": "00:12:24", "text": "perspective to try to match those losses"}, {"start": "00:12:22", "end": "00:12:25", "text": "and the gains because those are going to"}, {"start": "00:12:24", "end": "00:12:27", "text": "net out"}, {"start": "00:12:25", "end": "00:12:29", "text": "on the year the tax year."}, {"start": "00:12:27", "end": "00:12:31", "text": "Well you just hit on something and that"}, {"start": "00:12:29", "end": "00:12:34", "text": "is you know the wash rule being able to"}, {"start": "00:12:31", "end": "00:12:36", "text": "jump back into that same asset and the"}, {"start": "00:12:34", "end": "00:12:38", "text": "only variance would be maybe a few days"}, {"start": "00:12:36", "end": "00:12:40", "text": "of trades. That is a huge strategy I"}, {"start": "00:12:38", "end": "00:12:42", "text": "think and then back to your point cuz"}, {"start": "00:12:40", "end": "00:12:44", "text": "where the market is right now you could"}, {"start": "00:12:42", "end": "00:12:46", "text": "take that loss I agree especially if you"}, {"start": "00:12:44", "end": "00:12:48", "text": "are up against maybe a house sale or"}, {"start": "00:12:46", "end": "00:12:50", "text": "maybe some gold sales or other assets a"}, {"start": "00:12:48", "end": "00:12:52", "text": "business etc. that could start to play"}, {"start": "00:12:50", "end": "00:12:54", "text": "into that. I want to go over to our"}, {"start": "00:12:52", "end": "00:12:56", "text": "lightning round and ask you a few"}, {"start": "00:12:54", "end": "00:12:57", "text": "questions. Do you think Congress is"}, {"start": "00:12:56", "end": "00:12:59", "text": "going to pass a crypto tax related bill"}, {"start": "00:12:57", "end": "00:13:02", "text": "this year?"}, {"start": "00:12:59", "end": "00:13:05", "text": "No if you don't count the clarity stuff."}, {"start": "00:13:02", "end": "00:13:08", "text": "All right so not on that one. Who is"}, {"start": "00:13:05", "end": "00:13:10", "text": "more to blame for the 2026 crypto tax"}, {"start": "00:13:08", "end": "00:13:13", "text": "reporting nightmare?"}, {"start": "00:13:10", "end": "00:13:15", "text": "If I had to choose Biden more so is when"}, {"start": "00:13:13", "end": "00:13:17", "text": "the the really onerous stuff got passed"}, {"start": "00:13:15", "end": "00:13:21", "text": "and now it's being implemented now. I"}, {"start": "00:13:17", "end": "00:13:24", "text": "see okay. And then as far as the issue"}, {"start": "00:13:21", "end": "00:13:26", "text": "on one big beautiful bill tax cuts"}, {"start": "00:13:24", "end": "00:13:29", "text": "worth the economic chaos in terms of"}, {"start": "00:13:26", "end": "00:13:31", "text": "Trump's war health care cuts and"}, {"start": "00:13:29", "end": "00:13:32", "text": "inflation all that what do you think?"}, {"start": "00:13:31", "end": "00:13:34", "text": "That's a tough one I'm like in the"}, {"start": "00:13:32", "end": "00:13:37", "text": "middle of this but I'd have to go with"}, {"start": "00:13:34", "end": "00:13:40", "text": "disagree. Disagree oh okay."}, {"start": "00:13:37", "end": "00:13:43", "text": "All right and then what crypto would Gen"}, {"start": "00:13:40", "end": "00:13:45", "text": "Z spend their tax refund on Bitcoin ETH"}, {"start": "00:13:43", "end": "00:13:47", "text": "or meme coins and Nvidia? I feel like"}, {"start": "00:13:45", "end": "00:13:49", "text": "I'm disconnected for this but I'm I'm"}, {"start": "00:13:47", "end": "00:13:49", "text": "going to go Bitcoin and ETH. Bitcoin and"}, {"start": "00:13:49", "end": "00:13:50", "text": "ETH."}, {"start": "00:13:49", "end": "00:13:52", "text": ">> [clears throat]"}, {"start": "00:13:50", "end": "00:13:54", "text": ">> For the Gen Z crowd I kind of agree with"}, {"start": "00:13:52", "end": "00:13:55", "text": "you there I think it will be Bitcoin ETH"}, {"start": "00:13:54", "end": "00:13:57", "text": "for sure."}, {"start": "00:13:55", "end": "00:13:59", "text": "What would you recommend people use"}, {"start": "00:13:57", "end": "00:14:01", "text": "their tax refund for pay off debt or"}, {"start": "00:13:59", "end": "00:14:04", "text": "invest?"}, {"start": "00:14:01", "end": "00:14:06", "text": "I right here right now would pay off"}, {"start": "00:14:04", "end": "00:14:08", "text": "debt if that's what people are saying."}, {"start": "00:14:06", "end": "00:14:10", "text": ">> from the high interest that's I'm on"}, {"start": "00:14:08", "end": "00:14:13", "text": "your that's the Dave Ramsey"}, {"start": "00:14:10", "end": "00:14:16", "text": "plan is get get away from debt."}, {"start": "00:14:13", "end": "00:14:17", "text": "Tax advisers should be replaced by AI"}, {"start": "00:14:16", "end": "00:14:20", "text": "agents. Are you guys using any kind of"}, {"start": "00:14:17", "end": "00:14:22", "text": "AI within CoinLedger right now?"}, {"start": "00:14:20", "end": "00:14:23", "text": "Yeah that's our biggest push internally"}, {"start": "00:14:22", "end": "00:14:24", "text": "actually is and that's the biggest"}, {"start": "00:14:23", "end": "00:14:26", "text": "growth of our business is our"}, {"start": "00:14:24", "end": "00:14:30", "text": "professional service offerings and we're"}, {"start": "00:14:26", "end": "00:14:31", "text": "laying in AI agents to handle a lot of"}, {"start": "00:14:30", "end": "00:14:34", "text": "those"}, {"start": "00:14:31", "end": "00:14:37", "text": "day-to-day heavy manual tasks. So I'm"}, {"start": "00:14:34", "end": "00:14:39", "text": "going to agree I don't know about should"}, {"start": "00:14:37", "end": "00:14:41", "text": "should they be replaced but they over"}, {"start": "00:14:39", "end": "00:14:43", "text": "time will more and more. Now it takes a"}, {"start": "00:14:41", "end": "00:14:46", "text": "long time for these technology to really"}, {"start": "00:14:43", "end": "00:14:48", "text": "distribute but I agree on that. So when"}, {"start": "00:14:46", "end": "00:14:51", "text": "you say you're you're adding it into"}, {"start": "00:14:48", "end": "00:14:53", "text": "your professional services what is that?"}, {"start": "00:14:51", "end": "00:14:55", "text": "Yeah so we CoinLedger will do your"}, {"start": "00:14:53", "end": "00:14:55", "text": "crypto taxes for you. So if you don't"}, {"start": "00:14:55", "end": "00:14:58", "text": "want to do it"}, {"start": "00:14:55", "end": "00:14:59", "text": ">> You're the H&R Block of crypto."}, {"start": "00:14:58", "end": "00:15:01", "text": "Yeah if you don't want to do it yourself"}, {"start": "00:14:59", "end": "00:15:02", "text": "our team will just do it for you. Now"}, {"start": "00:15:01", "end": "00:15:03", "text": "obviously we charge much more money for"}, {"start": "00:15:02", "end": "00:15:04", "text": "that."}, {"start": "00:15:03", "end": "00:15:06", "text": ">> Okay."}, {"start": "00:15:04", "end": "00:15:08", "text": "But that's a very manual process we go"}, {"start": "00:15:06", "end": "00:15:09", "text": "through your whole account we reconcile"}, {"start": "00:15:08", "end": "00:15:12", "text": "all of your trades we make sure"}, {"start": "00:15:09", "end": "00:15:15", "text": "everything's being reported correctly."}, {"start": "00:15:12", "end": "00:15:17", "text": "Now we can really layer in smart agentic"}, {"start": "00:15:15", "end": "00:15:19", "text": "work streams to do a lot of that heavy"}, {"start": "00:15:17", "end": "00:15:21", "text": "work right? Hey look this AI agent will"}, {"start": "00:15:19", "end": "00:15:22", "text": "run through a whole customer's"}, {"start": "00:15:21", "end": "00:15:24", "text": "transactions figure out oh this all"}, {"start": "00:15:22", "end": "00:15:27", "text": "should be labeled income these should be"}, {"start": "00:15:24", "end": "00:15:28", "text": "marked as transfers etc. Yeah. All right"}, {"start": "00:15:27", "end": "00:15:31", "text": "I didn't know you guys had that so"}, {"start": "00:15:28", "end": "00:15:33", "text": "that's good news for that. Anything else"}, {"start": "00:15:31", "end": "00:15:35", "text": "you guys are planning for you know"}, {"start": "00:15:33", "end": "00:15:37", "text": "working on this year for the 26 year"}, {"start": "00:15:35", "end": "00:15:38", "text": "that you can kind of share?"}, {"start": "00:15:37", "end": "00:15:40", "text": "Yeah the biggest thing we'll be leaning"}, {"start": "00:15:38", "end": "00:15:43", "text": "into this. So we will be offering more"}, {"start": "00:15:40", "end": "00:15:45", "text": "and more full service offerings. So we"}, {"start": "00:15:43", "end": "00:15:47", "text": "will do your tax returns for you we will"}, {"start": "00:15:45", "end": "00:15:49", "text": "do all of your crypto reconciliations"}, {"start": "00:15:47", "end": "00:15:51", "text": "for you. And this is the fastest growing"}, {"start": "00:15:49", "end": "00:15:53", "text": "line of our business and so we're really"}, {"start": "00:15:51", "end": "00:15:55", "text": "leaning in building a lot of smart"}, {"start": "00:15:53", "end": "00:15:56", "text": "technology to kind of be able to do that"}, {"start": "00:15:55", "end": "00:15:57", "text": "really well."}, {"start": "00:15:56", "end": "00:16:00", "text": "Listen I think that's a good product"}, {"start": "00:15:57", "end": "00:16:02", "text": "because so many CPAs right now run away"}, {"start": "00:16:00", "end": "00:16:04", "text": "from this. You know they just don't"}, {"start": "00:16:02", "end": "00:16:06", "text": "understand enough about it and they just"}, {"start": "00:16:04", "end": "00:16:07", "text": "don't obviously they don't want to get"}, {"start": "00:16:06", "end": "00:16:10", "text": "in sideways with a client so I think"}, {"start": "00:16:07", "end": "00:16:12", "text": "that'll be a big benefit. Do you think"}, {"start": "00:16:10", "end": "00:16:14", "text": "that when okay first of all I guess my"}, {"start": "00:16:12", "end": "00:16:17", "text": "question to you is have you elevated"}, {"start": "00:16:14", "end": "00:16:19", "text": "that up into where you will do it for a"}, {"start": "00:16:17", "end": "00:16:22", "text": "managed trust that's also dealing with"}, {"start": "00:16:19", "end": "00:16:25", "text": "that rather than just a personal tax?"}, {"start": "00:16:22", "end": "00:16:28", "text": "Have not gotten in there but I'm sure as"}, {"start": "00:16:25", "end": "00:16:31", "text": "we really sink our teeth in"}, {"start": "00:16:28", "end": "00:16:33", "text": "to like just full personal tax returns"}, {"start": "00:16:31", "end": "00:16:34", "text": "Yeah. we'll get a lot more feedback from"}, {"start": "00:16:33", "end": "00:16:36", "text": "the market. So I can't say not yet but"}, {"start": "00:16:34", "end": "00:16:38", "text": "that's an interesting one."}, {"start": "00:16:36", "end": "00:16:40", "text": "I know a lot of people this over this"}, {"start": "00:16:38", "end": "00:16:42", "text": "last year they've been going putting a"}, {"start": "00:16:40", "end": "00:16:45", "text": "lot of their assets into managed trust"}, {"start": "00:16:42", "end": "00:16:47", "text": "and several people that come to our you"}, {"start": "00:16:45", "end": "00:16:49", "text": "know seminars keep talking about this"}, {"start": "00:16:47", "end": "00:16:52", "text": "and one of the problems they face is the"}, {"start": "00:16:49", "end": "00:16:54", "text": "tax issues down the road cuz either"}, {"start": "00:16:52", "end": "00:16:56", "text": "their CPAs or their accountants don't"}, {"start": "00:16:54", "end": "00:16:58", "text": "completely understand the the the crypto"}, {"start": "00:16:56", "end": "00:16:59", "text": "side of it. They understand the other"}, {"start": "00:16:58", "end": "00:17:01", "text": "stuff but the crypto side of it is"}, {"start": "00:16:59", "end": "00:17:03", "text": "usually what muddies the waters so."}, {"start": "00:17:01", "end": "00:17:03", "text": "Anyway David listen thanks for coming in"}, {"start": "00:17:03", "end": "00:17:05", "text": "today."}, {"start": "00:17:03", "end": "00:17:08", "text": ">> Hey thank you always good to chat Paul"}, {"start": "00:17:05", "end": "00:17:08", "text": "and glad you're doing well."}, {"start": "00:17:09", "end": "00:17:11", "text": ">> [music]"}, {"start": "00:17:13", "end": "00:17:16", "text": ">> If you like this video hit like and"}, {"start": "00:17:14", "end": "00:17:18", "text": "subscribe drop a comment [music] down"}, {"start": "00:17:16", "end": "00:17:20", "text": "below and also join our free private"}, {"start": "00:17:18", "end": "00:17:23", "text": "member group the link is in the"}, {"start": "00:17:20", "end": "00:17:23", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Clarity is on the verge and today we're"}, {"start": "00:00:01", "end": "00:00:06", "text": "going to be breaking down how a rally"}, {"start": "00:00:03", "end": "00:00:08", "text": "may ensue. All of this news coming out."}, {"start": "00:00:06", "end": "00:00:09", "text": "We'll break it down. Let's get into it."}, {"start": "00:00:08", "end": "00:00:11", "text": "I do want to thank our sponsor and that"}, {"start": "00:00:09", "end": "00:00:13", "text": "is IT Trust Capital. This is where you"}, {"start": "00:00:11", "end": "00:00:15", "text": "guys can get into a crypto IRA. One of"}, {"start": "00:00:13", "end": "00:00:18", "text": "the things you can do with a crypto IRA"}, {"start": "00:00:15", "end": "00:00:19", "text": "is start to diversify your portfolio."}, {"start": "00:00:18", "end": "00:00:21", "text": "And I know a lot of you are probably"}, {"start": "00:00:19", "end": "00:00:23", "text": "considering"}, {"start": "00:00:21", "end": "00:00:26", "text": "how do I do that? What is the best way"}, {"start": "00:00:23", "end": "00:00:29", "text": "to start? Well, the easiest thing to do"}, {"start": "00:00:26", "end": "00:00:31", "text": "is just get it going. Whether you select"}, {"start": "00:00:29", "end": "00:00:34", "text": "digital assets, gold, silver, all of"}, {"start": "00:00:31", "end": "00:00:35", "text": "that is available over on your uh crypto"}, {"start": "00:00:34", "end": "00:00:37", "text": "IRA through iTrust Capital. And of"}, {"start": "00:00:35", "end": "00:00:39", "text": "course, you can sign up using our link,"}, {"start": "00:00:37", "end": "00:00:41", "text": "it's going to give you a $100 funding"}, {"start": "00:00:39", "end": "00:00:42", "text": "reward just to get started. Check it"}, {"start": "00:00:41", "end": "00:00:44", "text": "out. I think this is one of those things"}, {"start": "00:00:42", "end": "00:00:46", "text": "this time of year, which by the way, you"}, {"start": "00:00:44", "end": "00:00:49", "text": "can still do this before tax uh the tax"}, {"start": "00:00:46", "end": "00:00:50", "text": "deadline next week uh and still take"}, {"start": "00:00:49", "end": "00:00:53", "text": "advantage of that for last year being"}, {"start": "00:00:50", "end": "00:00:54", "text": "2025. So check it out. Use our link. It"}, {"start": "00:00:53", "end": "00:00:56", "text": "does help the channel. All right, I'm"}, {"start": "00:00:54", "end": "00:00:58", "text": "going to bring in Tim Warren who comes"}, {"start": "00:00:56", "end": "00:01:00", "text": "in usually on Fridays to break down the"}, {"start": "00:00:58", "end": "00:01:03", "text": "market. No different today. We're going"}, {"start": "00:01:00", "end": "00:01:04", "text": "to look a lot of things. Uh Tim, you've"}, {"start": "00:01:03", "end": "00:01:06", "text": "got um first of all, welcome in to the"}, {"start": "00:01:04", "end": "00:01:08", "text": "show. How are you"}, {"start": "00:01:06", "end": "00:01:11", "text": ">> doing? Good. Very glad to be here again."}, {"start": "00:01:08", "end": "00:01:13", "text": ">> Yeah. So, we've got some news this week"}, {"start": "00:01:11", "end": "00:01:16", "text": "though. Might have a little bit of a"}, {"start": "00:01:13", "end": "00:01:19", "text": "move. You've got CPI uh of course now"}, {"start": "00:01:16", "end": "00:01:21", "text": "rising to 33, but this is below the"}, {"start": "00:01:19", "end": "00:01:24", "text": "expectation of 34. We also had core"}, {"start": "00:01:21", "end": "00:01:27", "text": "coming in at 26 which also hit below"}, {"start": "00:01:24", "end": "00:01:31", "text": ">> uh of the 27 mark and you consider that"}, {"start": "00:01:27", "end": "00:01:36", "text": "where CPI is but also just in general"}, {"start": "00:01:31", "end": "00:01:38", "text": "how we haven't seen the explosion in"}, {"start": "00:01:36", "end": "00:01:41", "text": "inflation that I think a lot of people"}, {"start": "00:01:38", "end": "00:01:42", "text": "were anticipating and is do you feel"}, {"start": "00:01:41", "end": "00:01:44", "text": "like that has had a little bit of an"}, {"start": "00:01:42", "end": "00:01:47", "text": "indic an impact on markets that we"}, {"start": "00:01:44", "end": "00:01:50", "text": "haven't seen a pullback below the 60k on"}, {"start": "00:01:47", "end": "00:01:51", "text": "Bitcoin or do you think It's no,"}, {"start": "00:01:50", "end": "00:01:54", "text": "everybody's just going to hold and wait"}, {"start": "00:01:51", "end": "00:01:55", "text": "and see what happens in Iran."}, {"start": "00:01:54", "end": "00:01:57", "text": ">> Well, I think a combination. I think"}, {"start": "00:01:55", "end": "00:01:58", "text": "you're waiting to see what happens in"}, {"start": "00:01:57", "end": "00:01:59", "text": "Iran. You're waiting to see what"}, {"start": "00:01:58", "end": "00:02:01", "text": "happens. Does the Clarity Act bill"}, {"start": "00:01:59", "end": "00:02:02", "text": "actually go through or not? Of course,"}, {"start": "00:02:01", "end": "00:02:03", "text": "those are the two big catalysts that"}, {"start": "00:02:02", "end": "00:02:05", "text": "affect crypto."}, {"start": "00:02:03", "end": "00:02:06", "text": ">> Even when you think about inflation,"}, {"start": "00:02:05", "end": "00:02:08", "text": "this is the reason why I don't think"}, {"start": "00:02:06", "end": "00:02:09", "text": "inflation is going out of control. And I"}, {"start": "00:02:08", "end": "00:02:12", "text": "wasn't expecting it to get out of"}, {"start": "00:02:09", "end": "00:02:13", "text": "control is because we got to remember"}, {"start": "00:02:12", "end": "00:02:15", "text": "it's not like we're talking about"}, {"start": "00:02:13", "end": "00:02:16", "text": "inflation this number talking about what"}, {"start": "00:02:15", "end": "00:02:18", "text": "price was worth three years ago, four"}, {"start": "00:02:16", "end": "00:02:20", "text": "years ago, 5 years ago. This is simply"}, {"start": "00:02:18", "end": "00:02:22", "text": "just compared to last year. But what was"}, {"start": "00:02:20", "end": "00:02:24", "text": "happening last year? Tariffs, right? So"}, {"start": "00:02:22", "end": "00:02:26", "text": "the tariffs start coming in. People"}, {"start": "00:02:24", "end": "00:02:29", "text": "dramatically raised their prices last"}, {"start": "00:02:26", "end": "00:02:30", "text": "year. So yeah, like the price isn't that"}, {"start": "00:02:29", "end": "00:02:32", "text": "much higher than last year because last"}, {"start": "00:02:30", "end": "00:02:34", "text": "year there was a massive price hike and"}, {"start": "00:02:32", "end": "00:02:36", "text": "we haven't yet seen the ripple effects."}, {"start": "00:02:34", "end": "00:02:38", "text": "Um, you know, a lot of people had their"}, {"start": "00:02:36", "end": "00:02:40", "text": "deals in order before this increase in"}, {"start": "00:02:38", "end": "00:02:42", "text": "gas prices. So, I think we actually"}, {"start": "00:02:40", "end": "00:02:45", "text": "could see inflation pop up later this"}, {"start": "00:02:42", "end": "00:02:47", "text": "summer as as the gas prices have a"}, {"start": "00:02:45", "end": "00:02:49", "text": "delayed effect on other goods and"}, {"start": "00:02:47", "end": "00:02:51", "text": "services. But I'm not surprised the"}, {"start": "00:02:49", "end": "00:02:52", "text": "inflation is not high because again,"}, {"start": "00:02:51", "end": "00:02:53", "text": "last year was the year for it to be"}, {"start": "00:02:52", "end": "00:02:56", "text": "high. And a lot of times with the"}, {"start": "00:02:53", "end": "00:02:58", "text": "tariffs, it can offset future inflation"}, {"start": "00:02:56", "end": "00:02:59", "text": "when you have a nasty spike in a"}, {"start": "00:02:58", "end": "00:03:01", "text": "one-time zone."}, {"start": "00:02:59", "end": "00:03:04", "text": ">> Yeah. Well, listen, I think confidence"}, {"start": "00:03:01", "end": "00:03:06", "text": "is the key. And whether or not traders"}, {"start": "00:03:04", "end": "00:03:07", "text": "have confidence in the market as it is"}, {"start": "00:03:06", "end": "00:03:10", "text": "right now, I want to play a clip for"}, {"start": "00:03:07", "end": "00:03:11", "text": "you. It might give us some insight. Take"}, {"start": "00:03:10", "end": "00:03:13", "text": "a look."}, {"start": "00:03:11", "end": "00:03:15", "text": ">> But European equities have not risen on"}, {"start": "00:03:13", "end": "00:03:17", "text": "a Friday since the Iran war began. And"}, {"start": "00:03:15", "end": "00:03:20", "text": "yet we have European futures pointing a"}, {"start": "00:03:17", "end": "00:03:22", "text": "little higher. Asian stocks going"}, {"start": "00:03:20", "end": "00:03:24", "text": "higher. Explain to us a little bit about"}, {"start": "00:03:22", "end": "00:03:24", "text": "the the risk appetite we see in markets"}, {"start": "00:03:24", "end": "00:03:26", "text": "this morning."}, {"start": "00:03:24", "end": "00:03:28", "text": ">> And particularly this weekend, there's a"}, {"start": "00:03:26", "end": "00:03:31", "text": "lot risk with the talks starting in"}, {"start": "00:03:28", "end": "00:03:32", "text": "Islamabad. If we come in on Monday"}, {"start": "00:03:31", "end": "00:03:34", "text": "morning uh and things have gone badly,"}, {"start": "00:03:32", "end": "00:03:36", "text": "then obviously we could see some pretty"}, {"start": "00:03:34", "end": "00:03:39", "text": "nasty moves. uh given the gains that"}, {"start": "00:03:36", "end": "00:03:40", "text": "we've seen this week and and vice versa."}, {"start": "00:03:39", "end": "00:03:43", "text": "What I do think is that you've got a"}, {"start": "00:03:40", "end": "00:03:45", "text": "reasonably positive backdrop as far as"}, {"start": "00:03:43", "end": "00:03:48", "text": "the market is concerned going into this"}, {"start": "00:03:45", "end": "00:03:49", "text": "uh talks, it does seem uh that Israel is"}, {"start": "00:03:48", "end": "00:03:51", "text": "going to talk with Lebanon. That's been"}, {"start": "00:03:49", "end": "00:03:53", "text": "taken as a positive by the market. It"}, {"start": "00:03:51", "end": "00:03:54", "text": "does seem that fewer missiles at least"}, {"start": "00:03:53", "end": "00:03:57", "text": "are flying around the Middle East."}, {"start": "00:03:54", "end": "00:03:59", "text": "That's also being seen as a reasonable"}, {"start": "00:03:57", "end": "00:04:01", "text": "positive. And so that mood music at"}, {"start": "00:03:59", "end": "00:04:03", "text": "least is leaning just a little bit more"}, {"start": "00:04:01", "end": "00:04:05", "text": "in favor at the moment and giving the"}, {"start": "00:04:03", "end": "00:04:07", "text": "chance for European equities maybe to"}, {"start": "00:04:05", "end": "00:04:08", "text": "grind out a gain today."}, {"start": "00:04:07", "end": "00:04:11", "text": ">> All right. So the potential here is"}, {"start": "00:04:08", "end": "00:04:12", "text": "good. It could be especially after this"}, {"start": "00:04:11", "end": "00:04:15", "text": "weekend if we get a little bit of"}, {"start": "00:04:12", "end": "00:04:16", "text": "looseness in the Middle East and then"}, {"start": "00:04:15", "end": "00:04:19", "text": "Tim if you look at this this is bull"}, {"start": "00:04:16", "end": "00:04:21", "text": "theory. Bitcoin reclaiming 73 ETH"}, {"start": "00:04:19", "end": "00:04:23", "text": "reclaims 2250."}, {"start": "00:04:21", "end": "00:04:26", "text": ">> Uh Bitcoin is 10% up in the last eight."}, {"start": "00:04:23", "end": "00:04:29", "text": "ETH uh respectively 12% up. When you"}, {"start": "00:04:26", "end": "00:04:32", "text": "look at the chart on Bitcoin right now"}, {"start": "00:04:29", "end": "00:04:34", "text": "and in comparison to ETH, how would you"}, {"start": "00:04:32", "end": "00:04:36", "text": "play this? Uh would you go into both"}, {"start": "00:04:34", "end": "00:04:38", "text": "assets? Are you playing ETH versus"}, {"start": "00:04:36", "end": "00:04:39", "text": "Bitcoin? Give me an idea of where you're"}, {"start": "00:04:38", "end": "00:04:41", "text": "going with this."}, {"start": "00:04:39", "end": "00:04:43", "text": ">> Yeah, it's been back and forth with a"}, {"start": "00:04:41", "end": "00:04:45", "text": "lot of things going on. There's a little"}, {"start": "00:04:43", "end": "00:04:46", "text": "bit of a a misdirection move that"}, {"start": "00:04:45", "end": "00:04:49", "text": "happened here recently. We can go and"}, {"start": "00:04:46", "end": "00:04:50", "text": "look at my chart here and I'll show you."}, {"start": "00:04:49", "end": "00:04:52", "text": "You know, I've been on your show before."}, {"start": "00:04:50", "end": "00:04:54", "text": "Take a look at this yellow line, right?"}, {"start": "00:04:52", "end": "00:04:55", "text": "A lot of people, you know, I was one of"}, {"start": "00:04:54", "end": "00:04:57", "text": "them, but a lot of other analysts as"}, {"start": "00:04:55", "end": "00:05:00", "text": "well believed that that yellow line was"}, {"start": "00:04:57", "end": "00:05:03", "text": "the key support to watch. Right. So, you"}, {"start": "00:05:00", "end": "00:05:04", "text": "can see here several candles bounced on"}, {"start": "00:05:03", "end": "00:05:06", "text": "that line and then we finally broke"}, {"start": "00:05:04", "end": "00:05:08", "text": "through. But I did I was on your show I"}, {"start": "00:05:06", "end": "00:05:09", "text": "think what a week and a half ago, two"}, {"start": "00:05:08", "end": "00:05:11", "text": "weeks ago, and we talked about this"}, {"start": "00:05:09", "end": "00:05:13", "text": "line, how there was a potential this"}, {"start": "00:05:11", "end": "00:05:15", "text": "could hold up. Sure enough, it did. We"}, {"start": "00:05:13", "end": "00:05:17", "text": "started to bounce. My indicator started"}, {"start": "00:05:15", "end": "00:05:19", "text": "giving me some buy signals in here. So,"}, {"start": "00:05:17", "end": "00:05:21", "text": "we actually in our community entered a"}, {"start": "00:05:19", "end": "00:05:24", "text": "swing long that we have some of our"}, {"start": "00:05:21", "end": "00:05:26", "text": "takeprofits all the way up here at 77"}, {"start": "00:05:24", "end": "00:05:29", "text": "above 77,000 back towards that red line"}, {"start": "00:05:26", "end": "00:05:31", "text": "of resistance. What I'm watching right"}, {"start": "00:05:29", "end": "00:05:33", "text": "now, I'm actively in a swing long, but"}, {"start": "00:05:31", "end": "00:05:35", "text": "if I go to the hourly chart, Bitcoin is"}, {"start": "00:05:33", "end": "00:05:37", "text": "is over the last couple of days. What is"}, {"start": "00:05:35", "end": "00:05:39", "text": "it? We'll go back to it did start this"}, {"start": "00:05:37", "end": "00:05:42", "text": "on the 7th. So, we're on three days now."}, {"start": "00:05:39", "end": "00:05:44", "text": "You can see another red line of rising"}, {"start": "00:05:42", "end": "00:05:46", "text": "resistance, an upper level of support."}, {"start": "00:05:44", "end": "00:05:48", "text": "This is a rising wedge pattern."}, {"start": "00:05:46", "end": "00:05:51", "text": "Traditionally, these are supposed to"}, {"start": "00:05:48", "end": "00:05:53", "text": "break down. But I have seen under bull"}, {"start": "00:05:51", "end": "00:05:55", "text": "bullish catalyst types of situations"}, {"start": "00:05:53", "end": "00:05:58", "text": "this break to the upside. So what what"}, {"start": "00:05:55", "end": "00:05:59", "text": "I'm doing right now is if we can break"}, {"start": "00:05:58", "end": "00:06:03", "text": "above this red line, I'm just continuing"}, {"start": "00:05:59", "end": "00:06:05", "text": "to ride my swing long up towards 77,000."}, {"start": "00:06:03", "end": "00:06:06", "text": "If we break below this green line"}, {"start": "00:06:05", "end": "00:06:07", "text": "though, and you know, think about this,"}, {"start": "00:06:06", "end": "00:06:11", "text": "it's going to be somewhere in the world"}, {"start": "00:06:07", "end": "00:06:13", "text": "of just below 72,000. If my signals"}, {"start": "00:06:11", "end": "00:06:14", "text": "start to come in bearish and we break"}, {"start": "00:06:13", "end": "00:06:16", "text": "below this green line, I'm going to exit"}, {"start": "00:06:14", "end": "00:06:19", "text": "my swing long and probably look to try"}, {"start": "00:06:16", "end": "00:06:21", "text": "to accumulate back around $70,000. I"}, {"start": "00:06:19", "end": "00:06:22", "text": "don't think this is a long drop down. I"}, {"start": "00:06:21", "end": "00:06:24", "text": "still think we want to move up, but I"}, {"start": "00:06:22", "end": "00:06:26", "text": "would look for that opportunity to dip"}, {"start": "00:06:24", "end": "00:06:28", "text": "in and get a better level on this swing"}, {"start": "00:06:26", "end": "00:06:31", "text": "position. Take some profit up here"}, {"start": "00:06:28", "end": "00:06:33", "text": "closer to 72 buying at 70K. Long story"}, {"start": "00:06:31", "end": "00:06:34", "text": "short though, what we are looking at"}, {"start": "00:06:33", "end": "00:06:37", "text": "right now and I'll show you some of my"}, {"start": "00:06:34", "end": "00:06:39", "text": "indicators. Daily buy signals are intact"}, {"start": "00:06:37", "end": "00:06:40", "text": "and there are some reversal dots coming"}, {"start": "00:06:39", "end": "00:06:42", "text": "in. If you were to look at my kryptonite"}, {"start": "00:06:40", "end": "00:06:44", "text": "indicator for example, there's a red"}, {"start": "00:06:42", "end": "00:06:46", "text": "zcore dot up here, but it's not flashing"}, {"start": "00:06:44", "end": "00:06:48", "text": "just yet. Right now, there's a daily buy"}, {"start": "00:06:46", "end": "00:06:50", "text": "signal. More importantly, there's a"}, {"start": "00:06:48", "end": "00:06:53", "text": "weekly buy signal. This is, you know,"}, {"start": "00:06:50", "end": "00:06:56", "text": "started off here on March 9th. It's"}, {"start": "00:06:53", "end": "00:06:58", "text": "reaffirmed itself here on March 30th,"}, {"start": "00:06:56", "end": "00:07:00", "text": "the week of March 30th. Historically,"}, {"start": "00:06:58", "end": "00:07:01", "text": "these levels I I I've seen when I go"}, {"start": "00:07:00", "end": "00:07:03", "text": "back on my charts, I look at the history"}, {"start": "00:07:01", "end": "00:07:05", "text": "of this on Bitcoin,"}, {"start": "00:07:03", "end": "00:07:07", "text": "I think it's like a 99 I think there's"}, {"start": "00:07:05", "end": "00:07:10", "text": "one time that it hasn't hit it, but like"}, {"start": "00:07:07", "end": "00:07:13", "text": "let's call it 95% chance that we should"}, {"start": "00:07:10", "end": "00:07:14", "text": "come back and touch the weekly Gausian"}, {"start": "00:07:13", "end": "00:07:16", "text": "band. That weekly Gausian band is"}, {"start": "00:07:14", "end": "00:07:19", "text": "dropping rapidly. It's currently around"}, {"start": "00:07:16", "end": "00:07:20", "text": "that 79 $80,000 mark, but I think in the"}, {"start": "00:07:19", "end": "00:07:24", "text": "next couple of weeks, we can see that"}, {"start": "00:07:20", "end": "00:07:25", "text": "keep dropping and around that 778K zone"}, {"start": "00:07:24", "end": "00:07:27", "text": "would probably be a pretty perfect"}, {"start": "00:07:25", "end": "00:07:29", "text": "resistance level. That's what I'm still"}, {"start": "00:07:27", "end": "00:07:31", "text": "watching right now. But we do watch this"}, {"start": "00:07:29", "end": "00:07:32", "text": "one hour chart. We do acknowledge this"}, {"start": "00:07:31", "end": "00:07:35", "text": "and say, \"Hey, we could see a little bit"}, {"start": "00:07:32", "end": "00:07:37", "text": "of a reversal here if if talks don't go"}, {"start": "00:07:35", "end": "00:07:39", "text": "well and we lose this green line. I'm"}, {"start": "00:07:37", "end": "00:07:41", "text": "breaking. I'm going to look for a better"}, {"start": "00:07:39", "end": "00:07:43", "text": "opportunity closer towards 70.\" I'll"}, {"start": "00:07:41", "end": "00:07:45", "text": "still wait for buy signals to come in."}, {"start": "00:07:43", "end": "00:07:46", "text": "But um that's how I'm that's how I'm"}, {"start": "00:07:45", "end": "00:07:48", "text": "trading Bitcoin right now. In a nutshell"}, {"start": "00:07:46", "end": "00:07:50", "text": "though, I do think we're going to go"}, {"start": "00:07:48", "end": "00:07:52", "text": "further higher than going lower at"}, {"start": "00:07:50", "end": "00:07:54", "text": "first. That lower price, people might"}, {"start": "00:07:52", "end": "00:07:56", "text": "ask, Tim, did you give up on that sub"}, {"start": "00:07:54", "end": "00:07:58", "text": "60K price prediction? No. I still think"}, {"start": "00:07:56", "end": "00:07:59", "text": "that's gonna happen. It's just it turns"}, {"start": "00:07:58", "end": "00:08:00", "text": "out we're delaying it. It's not"}, {"start": "00:07:59", "end": "00:08:03", "text": "happening right now. Could end up"}, {"start": "00:08:00", "end": "00:08:05", "text": "happening a little closer to or right"}, {"start": "00:08:03", "end": "00:08:07", "text": "after the Clarity Act passing u I'm"}, {"start": "00:08:05", "end": "00:08:08", "text": "thinking May or June area."}, {"start": "00:08:07", "end": "00:08:11", "text": ">> All right. So, what what is your"}, {"start": "00:08:08", "end": "00:08:13", "text": "long-term outlook here on on Bitcoin for"}, {"start": "00:08:11", "end": "00:08:15", "text": "end of year? Let's just say end of year."}, {"start": "00:08:13", "end": "00:08:16", "text": "Do you think we hit an alltime another"}, {"start": "00:08:15", "end": "00:08:19", "text": "all-time high or do you think it still"}, {"start": "00:08:16", "end": "00:08:22", "text": "struggles in that 75 to 100 range if"}, {"start": "00:08:19", "end": "00:08:24", "text": "we're bullish? Yeah. I mean, well, let's"}, {"start": "00:08:22", "end": "00:08:26", "text": "let's make sure we revisit this"}, {"start": "00:08:24", "end": "00:08:28", "text": "conversation in let's say July, July,"}, {"start": "00:08:26", "end": "00:08:30", "text": "August area, I might change this a"}, {"start": "00:08:28", "end": "00:08:32", "text": "little bit, but but if I'm right that we"}, {"start": "00:08:30", "end": "00:08:35", "text": "still have one more leg down more than"}, {"start": "00:08:32", "end": "00:08:36", "text": "likely in May or June, and again, I it's"}, {"start": "00:08:35", "end": "00:08:38", "text": "hard to know for certain if it's going"}, {"start": "00:08:36", "end": "00:08:39", "text": "to be before the Clarity Act as a fake"}, {"start": "00:08:38", "end": "00:08:41", "text": "out before it or they're going to pass"}, {"start": "00:08:39", "end": "00:08:43", "text": "the Clarity Act and have a sell the news"}, {"start": "00:08:41", "end": "00:08:45", "text": "event and then do it right after. Either"}, {"start": "00:08:43", "end": "00:08:47", "text": "way, the charts are showing me I think"}, {"start": "00:08:45", "end": "00:08:47", "text": "one more good leg down should do it for"}, {"start": "00:08:47", "end": "00:08:52", "text": "the bottom."}, {"start": "00:08:47", "end": "00:08:54", "text": ">> Okay. But when it comes to Bitcoin, I I"}, {"start": "00:08:52", "end": "00:08:57", "text": "think if I'm right about my timeline and"}, {"start": "00:08:54", "end": "00:09:00", "text": "we start the bullish rally again by June"}, {"start": "00:08:57", "end": "00:09:01", "text": "into July, I think Bitcoin could get"}, {"start": "00:09:00", "end": "00:09:03", "text": "back to alltime highs. I think it at"}, {"start": "00:09:01", "end": "00:09:04", "text": "least get close. When it comes to"}, {"start": "00:09:03", "end": "00:09:05", "text": "altcoins, though, as we know with most"}, {"start": "00:09:04", "end": "00:09:07", "text": "bull markets, you know, you're going to"}, {"start": "00:09:05", "end": "00:09:10", "text": "let Bitcoin fly a little bit before the"}, {"start": "00:09:07", "end": "00:09:12", "text": "altcoins come behind. I'd be decently"}, {"start": "00:09:10", "end": "00:09:14", "text": "surprised if altcoins for the most part"}, {"start": "00:09:12", "end": "00:09:15", "text": "are at their all-time highs. I think"}, {"start": "00:09:14", "end": "00:09:17", "text": "they're going to start getting back up"}, {"start": "00:09:15", "end": "00:09:19", "text": "towards them. But the only coin I'm I'm"}, {"start": "00:09:17", "end": "00:09:22", "text": "leg say there's a lot of altcoins that"}, {"start": "00:09:19", "end": "00:09:24", "text": "really could this all all the blue chip"}, {"start": "00:09:22", "end": "00:09:26", "text": "cryptocurrencies, right? I think Bitcoin"}, {"start": "00:09:24", "end": "00:09:29", "text": "is the only one that I think really"}, {"start": "00:09:26", "end": "00:09:30", "text": "could be at all-time high again. Maybe"}, {"start": "00:09:29", "end": "00:09:32", "text": "Ethereum, it didn't drop necessarily as"}, {"start": "00:09:30", "end": "00:09:34", "text": "hard as other altcoins, but I think just"}, {"start": "00:09:32", "end": "00:09:36", "text": "like other cycles, you you'll see that"}, {"start": "00:09:34", "end": "00:09:38", "text": "Bitcoin run first. It'll be a little"}, {"start": "00:09:36", "end": "00:09:39", "text": "hotter, a little faster. Altcoin trickle"}, {"start": "00:09:38", "end": "00:09:43", "text": "behind. We might even start a good"}, {"start": "00:09:39", "end": "00:09:45", "text": "altcoin rally by late 2026, but just"}, {"start": "00:09:43", "end": "00:09:47", "text": "don't get that that uh momentum to"}, {"start": "00:09:45", "end": "00:09:49", "text": "finish the year above all-time highs"}, {"start": "00:09:47", "end": "00:09:52", "text": "yet. Early 2027 would probably be the"}, {"start": "00:09:49", "end": "00:09:53", "text": "window. Now, I say all that, Paul. If if"}, {"start": "00:09:52", "end": "00:09:56", "text": "we delay and all of a sudden we're not"}, {"start": "00:09:53", "end": "00:09:57", "text": "bottomed out by July, August, well, then"}, {"start": "00:09:56", "end": "00:09:58", "text": "Bitcoin's not hitting alltime high."}, {"start": "00:09:57", "end": "00:10:00", "text": "Altcoins for sure aren't hitting"}, {"start": "00:09:58", "end": "00:10:01", "text": "all-time highs. In that case, it's"}, {"start": "00:10:00", "end": "00:10:03", "text": "really hard to argue with the four-year"}, {"start": "00:10:01", "end": "00:10:04", "text": "cycle continuing and we won't see a"}, {"start": "00:10:03", "end": "00:10:07", "text": "bottom actually until probably September"}, {"start": "00:10:04", "end": "00:10:09", "text": "or October. And then there's probably 0%"}, {"start": "00:10:07", "end": "00:10:10", "text": "chance of all-time highs hitting before"}, {"start": "00:10:09", "end": "00:10:12", "text": "the end of the year."}, {"start": "00:10:10", "end": "00:10:15", "text": ">> What about ETH right now? If you were in"}, {"start": "00:10:12", "end": "00:10:17", "text": "a short short-term trade and you're"}, {"start": "00:10:15", "end": "00:10:18", "text": "looking at the two assets, whether it's"}, {"start": "00:10:17", "end": "00:10:20", "text": "Bitcoin or ETH,"}, {"start": "00:10:18", "end": "00:10:22", "text": ">> I mean, ETH is up a little bit more in"}, {"start": "00:10:20", "end": "00:10:24", "text": "the last eight days than Bitcoin, would"}, {"start": "00:10:22", "end": "00:10:26", "text": "you go ahead and make that as your"}, {"start": "00:10:24", "end": "00:10:28", "text": "primary play or"}, {"start": "00:10:26", "end": "00:10:30", "text": ">> would you stay with Bitcoin?"}, {"start": "00:10:28", "end": "00:10:32", "text": ">> Yeah. Yeah. Well, right now in these"}, {"start": "00:10:30", "end": "00:10:34", "text": "markets because Ethereum follows Bitcoin"}, {"start": "00:10:32", "end": "00:10:36", "text": "almost to a tea, just has some slight"}, {"start": "00:10:34", "end": "00:10:38", "text": "differences. It's way easier to read"}, {"start": "00:10:36", "end": "00:10:40", "text": "Bitcoin's chart and then just assume"}, {"start": "00:10:38", "end": "00:10:41", "text": "things with Ethereum. You know, I"}, {"start": "00:10:40", "end": "00:10:42", "text": "actually need to That line's fine"}, {"start": "00:10:41", "end": "00:10:44", "text": "enough. You You see Ethereum's"}, {"start": "00:10:42", "end": "00:10:47", "text": "different. It's similar, right? This is"}, {"start": "00:10:44", "end": "00:10:48", "text": "the Bitcoin chart. It's very similar"}, {"start": "00:10:47", "end": "00:10:49", "text": "looking, but Ethereum is a little bit"}, {"start": "00:10:48", "end": "00:10:52", "text": "different. Ethereum, for example, a"}, {"start": "00:10:49", "end": "00:10:54", "text": "little closer to its trend of resistance"}, {"start": "00:10:52", "end": "00:10:55", "text": "that I would be watching for. Could we"}, {"start": "00:10:54", "end": "00:10:57", "text": "make a break all the way back up here"}, {"start": "00:10:55", "end": "00:10:59", "text": "towards 2300? Sure. wick again through"}, {"start": "00:10:57", "end": "00:11:00", "text": "this red level of resistance, but"}, {"start": "00:10:59", "end": "00:11:02", "text": "there's way more touches on that line."}, {"start": "00:11:00", "end": "00:11:04", "text": "So, I'm going to keep it uh like that."}, {"start": "00:11:02", "end": "00:11:05", "text": "I'm looking at pretty similar thing"}, {"start": "00:11:04", "end": "00:11:07", "text": "going on here. Again, there were some"}, {"start": "00:11:05", "end": "00:11:09", "text": "buy signals that came in um back here"}, {"start": "00:11:07", "end": "00:11:12", "text": "and we touched support that made our"}, {"start": "00:11:09", "end": "00:11:14", "text": "group go longer on Ethereum. Daily buy"}, {"start": "00:11:12", "end": "00:11:16", "text": "signals came in here again on that same"}, {"start": "00:11:14", "end": "00:11:18", "text": "rally. And right now, there's no harsh"}, {"start": "00:11:16", "end": "00:11:20", "text": "sell signal coming in just yet. And even"}, {"start": "00:11:18", "end": "00:11:21", "text": "more importantly, the weekly buy signal."}, {"start": "00:11:20", "end": "00:11:23", "text": "So, what does that say for Ethereum?"}, {"start": "00:11:21", "end": "00:11:25", "text": "That means Ethereum, let's go take a"}, {"start": "00:11:23", "end": "00:11:27", "text": "look. Same indicator here, smart pack"}, {"start": "00:11:25", "end": "00:11:30", "text": "toolkit and our Gazian band. Gazian band"}, {"start": "00:11:27", "end": "00:11:32", "text": "currently around 2500 once again. Do we"}, {"start": "00:11:30", "end": "00:11:35", "text": "see it drop a little bit more closer"}, {"start": "00:11:32", "end": "00:11:38", "text": "towards 23 2400 by the time we touch it"}, {"start": "00:11:35", "end": "00:11:41", "text": "in the next couple weeks? Sure. But as I"}, {"start": "00:11:38", "end": "00:11:42", "text": "just showed you, you would have no idea,"}, {"start": "00:11:41", "end": "00:11:46", "text": "Paul, if I did this, if I went full"}, {"start": "00:11:42", "end": "00:11:47", "text": "screen and showed you the RSI,"}, {"start": "00:11:46", "end": "00:11:48", "text": "you would not be able to tell right off"}, {"start": "00:11:47", "end": "00:11:50", "text": "the bat, am I looking at the Ethereum"}, {"start": "00:11:48", "end": "00:11:52", "text": "RSI or am I looking at the Bitcoin RSI?"}, {"start": "00:11:50", "end": "00:11:53", "text": "Like this is the Bitcoin one. I guess"}, {"start": "00:11:52", "end": "00:11:55", "text": "there's technically a little difference"}, {"start": "00:11:53", "end": "00:11:58", "text": "there, but most people have no idea."}, {"start": "00:11:55", "end": "00:12:00", "text": "These indicators are extremely similar"}, {"start": "00:11:58", "end": "00:12:02", "text": "looking back and forth between Ethereum"}, {"start": "00:12:00", "end": "00:12:05", "text": "and Bitcoin. So, right now, I'm tracking"}, {"start": "00:12:02", "end": "00:12:06", "text": "them all as a whole. There are a couple"}, {"start": "00:12:05", "end": "00:12:08", "text": "of coins, you go off my screen now."}, {"start": "00:12:06", "end": "00:12:09", "text": "There are Didn't mean to hit that twice."}, {"start": "00:12:08", "end": "00:12:10", "text": "There are a couple of coins that you"}, {"start": "00:12:09", "end": "00:12:12", "text": "definitely can look at and say they're"}, {"start": "00:12:10", "end": "00:12:14", "text": "doing their own thing. Um, think"}, {"start": "00:12:12", "end": "00:12:16", "text": "Benttensor Tao, think Hype, think"}, {"start": "00:12:14", "end": "00:12:18", "text": "Canton, and I know there's others out."}, {"start": "00:12:16", "end": "00:12:20", "text": "Zcash is starting to make a big move"}, {"start": "00:12:18", "end": "00:12:23", "text": "different than the rest of the uh crypto"}, {"start": "00:12:20", "end": "00:12:25", "text": "space, but for the most part, think"}, {"start": "00:12:23", "end": "00:12:28", "text": "Bitcoin, Ethereum, Salana, XRP, Chain"}, {"start": "00:12:25", "end": "00:12:31", "text": "Link, they're very identical looking"}, {"start": "00:12:28", "end": "00:12:33", "text": "charts for the most part with slight"}, {"start": "00:12:31", "end": "00:12:35", "text": "details that differ."}, {"start": "00:12:33", "end": "00:12:37", "text": ">> Okay, so a lot of the catalysts coming"}, {"start": "00:12:35", "end": "00:12:39", "text": "in on the potential of clarity. You've"}, {"start": "00:12:37", "end": "00:12:41", "text": "got Elanar talking about this. Coinbase"}, {"start": "00:12:39", "end": "00:12:43", "text": "has yet to comment directly on where it"}, {"start": "00:12:41", "end": "00:12:45", "text": "stands at the current stable coin yield"}, {"start": "00:12:43", "end": "00:12:47", "text": "compromise, but this was a big"}, {"start": "00:12:45", "end": "00:12:49", "text": "indicator, which is where uh Brian was"}, {"start": "00:12:47", "end": "00:12:51", "text": "tweeting out, hey, we agree"}, {"start": "00:12:49", "end": "00:12:53", "text": ">> and uh grateful for all the bipartisan"}, {"start": "00:12:51", "end": "00:12:56", "text": "work. So, it seems or appears that"}, {"start": "00:12:53", "end": "00:12:59", "text": "Coinbase has accepted something"}, {"start": "00:12:56", "end": "00:13:00", "text": ">> on the bay on the bay of getting this"}, {"start": "00:12:59", "end": "00:13:02", "text": "through."}, {"start": "00:13:00", "end": "00:13:04", "text": ">> Of course, Besson did the you know the"}, {"start": "00:13:02", "end": "00:13:06", "text": "opad in the Wall Street Journal saying"}, {"start": "00:13:04", "end": "00:13:08", "text": "that crypto is now national security. It"}, {"start": "00:13:06", "end": "00:13:09", "text": "looks like all indicators are pointing"}, {"start": "00:13:08", "end": "00:13:12", "text": "to this might be getting through. And"}, {"start": "00:13:09", "end": "00:13:14", "text": "remember, next Monday is a big deal."}, {"start": "00:13:12", "end": "00:13:16", "text": "That means everybody's coming back and"}, {"start": "00:13:14", "end": "00:13:18", "text": "it's likely that we could see something"}, {"start": "00:13:16", "end": "00:13:21", "text": "as early as next week. I want to play a"}, {"start": "00:13:18", "end": "00:13:24", "text": "clip for you uh because I wanted to get"}, {"start": "00:13:21", "end": "00:13:26", "text": "your opinion on uh where and what has"}, {"start": "00:13:24", "end": "00:13:28", "text": "been the catalyst for Bitcoin here"}, {"start": "00:13:26", "end": "00:13:29", "text": "recently at least. Let's play the Morgan"}, {"start": "00:13:28", "end": "00:13:31", "text": "Stanley clip"}, {"start": "00:13:29", "end": "00:13:33", "text": ">> terms of where the market is. But I have"}, {"start": "00:13:31", "end": "00:13:35", "text": "to tell you in terms of the pickup we"}, {"start": "00:13:33", "end": "00:13:36", "text": "saw yesterday, the first day of trading,"}, {"start": "00:13:35", "end": "00:13:39", "text": "our best first day of trading for any of"}, {"start": "00:13:36", "end": "00:13:42", "text": "our ETFs since we've started the ETF"}, {"start": "00:13:39", "end": "00:13:43", "text": "product line a couple years ago. So, I"}, {"start": "00:13:42", "end": "00:13:45", "text": "think that speaks to the demand that's"}, {"start": "00:13:43", "end": "00:13:48", "text": "still out there for the Bitcoin ETF. Uh"}, {"start": "00:13:45", "end": "00:13:50", "text": "almost 1.7 million shares traded"}, {"start": "00:13:48", "end": "00:13:51", "text": "yesterday and at 12:00 today, we are"}, {"start": "00:13:50", "end": "00:13:53", "text": "already having another good day today."}, {"start": "00:13:51", "end": "00:13:55", "text": "Uh as you said, there's uh it's a nice"}, {"start": "00:13:53", "end": "00:13:56", "text": "it's a nice week in the market, a nice"}, {"start": "00:13:55", "end": "00:13:59", "text": "day in the market for some pickup in"}, {"start": "00:13:56", "end": "00:13:59", "text": "Bitcoin uh and the markets to help us"}, {"start": "00:13:59", "end": "00:14:01", "text": "out there, but"}, {"start": "00:13:59", "end": "00:14:03", "text": ">> and there's a nice"}, {"start": "00:14:01", "end": "00:14:05", "text": "Do you think it was Well, first of all,"}, {"start": "00:14:03", "end": "00:14:07", "text": "welcome to the game, Morgan Stanley."}, {"start": "00:14:05", "end": "00:14:09", "text": "They're they're now in the game for"}, {"start": "00:14:07", "end": "00:14:11", "text": "ETFs, understanding this is kind of how"}, {"start": "00:14:09", "end": "00:14:15", "text": "the game is played. Um, do you think"}, {"start": "00:14:11", "end": "00:14:17", "text": "though that that ETF launch timing wise"}, {"start": "00:14:15", "end": "00:14:20", "text": "was one of the catalysts for Bitcoin to"}, {"start": "00:14:17", "end": "00:14:23", "text": "get its push or do you feel it was more"}, {"start": "00:14:20", "end": "00:14:26", "text": "driven off of the Iranian situation"}, {"start": "00:14:23", "end": "00:14:28", "text": "tamping down slightly?"}, {"start": "00:14:26", "end": "00:14:30", "text": ">> Yeah. Um,"}, {"start": "00:14:28", "end": "00:14:31", "text": "I just want to make sure I protect"}, {"start": "00:14:30", "end": "00:14:33", "text": "myself."}, {"start": "00:14:31", "end": "00:14:34", "text": ">> Oh god, here we go."}, {"start": "00:14:33", "end": "00:14:37", "text": ">> Uh, I've said this before and I'll say"}, {"start": "00:14:34", "end": "00:14:39", "text": "it again. Paul, I think that there's a"}, {"start": "00:14:37", "end": "00:14:41", "text": "lot of coordination with wh why things"}, {"start": "00:14:39", "end": "00:14:43", "text": "do what they do. You're asking me which"}, {"start": "00:14:41", "end": "00:14:44", "text": "came first, the chicken or the egg? I"}, {"start": "00:14:43", "end": "00:14:46", "text": "don't know. I don't know which one came"}, {"start": "00:14:44", "end": "00:14:48", "text": "first, but it doesn't matter. the"}, {"start": "00:14:46", "end": "00:14:50", "text": "coincidence of Morgan Stanley, one of"}, {"start": "00:14:48", "end": "00:14:54", "text": "the strongest, wealthiest, powerful"}, {"start": "00:14:50", "end": "00:14:56", "text": "banks out there, timing their release of"}, {"start": "00:14:54", "end": "00:14:58", "text": "their ETF with the cheapest fees"}, {"start": "00:14:56", "end": "00:15:00", "text": "possible, right in line with some buy"}, {"start": "00:14:58", "end": "00:15:02", "text": "signals and some details about the"}, {"start": "00:15:00", "end": "00:15:04", "text": "Clarity Act that are bullish, details"}, {"start": "00:15:02", "end": "00:15:06", "text": "about the Iran peace deal that are"}, {"start": "00:15:04", "end": "00:15:08", "text": "bullish. I don't know which one came"}, {"start": "00:15:06", "end": "00:15:10", "text": "first, but what I'm saying is, are we"}, {"start": "00:15:08", "end": "00:15:13", "text": "really like naive enough to not realize"}, {"start": "00:15:10", "end": "00:15:15", "text": "that massive coincidence in timing of"}, {"start": "00:15:13", "end": "00:15:17", "text": "how this works? So again, am I going to"}, {"start": "00:15:15", "end": "00:15:18", "text": "blame Morgan Morgan Stanley and say they"}, {"start": "00:15:17", "end": "00:15:20", "text": "were manipulating price the whole time"}, {"start": "00:15:18", "end": "00:15:22", "text": "down? Yes. Yes, I am. I'm not saying"}, {"start": "00:15:20", "end": "00:15:23", "text": "blame them by themselves. I think"}, {"start": "00:15:22", "end": "00:15:25", "text": "they're involved in the whole madness."}, {"start": "00:15:23", "end": "00:15:26", "text": "Uh I also I'll say this about the clip."}, {"start": "00:15:25", "end": "00:15:28", "text": "And by the way, I'm I I just showed you"}, {"start": "00:15:26", "end": "00:15:29", "text": "guys in the charts. I'm bullish. I think"}, {"start": "00:15:28", "end": "00:15:31", "text": "we can make a move back up,"}, {"start": "00:15:29", "end": "00:15:33", "text": ">> but I always like to make sure people"}, {"start": "00:15:31", "end": "00:15:36", "text": "are aware of these details. Great clip,"}, {"start": "00:15:33", "end": "00:15:37", "text": "right? But but of course Morgan Stanley"}, {"start": "00:15:36", "end": "00:15:39", "text": "is going to send their representatives"}, {"start": "00:15:37", "end": "00:15:41", "text": "out there on television to say it was a"}, {"start": "00:15:39", "end": "00:15:43", "text": "great success from day one. Oh, this is"}, {"start": "00:15:41", "end": "00:15:44", "text": "this is the best ETF. Go buy it right"}, {"start": "00:15:43", "end": "00:15:46", "text": "now."}, {"start": "00:15:44", "end": "00:15:48", "text": "I'm very bullish on crypto, very bullish"}, {"start": "00:15:46", "end": "00:15:50", "text": "on on Bitcoin going forward, but I I"}, {"start": "00:15:48", "end": "00:15:52", "text": "want to make sure people are prepared"}, {"start": "00:15:50", "end": "00:15:54", "text": "and ready."}, {"start": "00:15:52", "end": "00:15:55", "text": "It was inevitable that institutions were"}, {"start": "00:15:54", "end": "00:15:57", "text": "going to get involved and drive crypto"}, {"start": "00:15:55", "end": "00:15:59", "text": "prices, but it's also going to make"}, {"start": "00:15:57", "end": "00:16:01", "text": "things a whole lot more crazy and"}, {"start": "00:15:59", "end": "00:16:02", "text": "chaotic. I suggest you guys out there,"}, {"start": "00:16:01", "end": "00:16:04", "text": "if you want to be successful in"}, {"start": "00:16:02", "end": "00:16:07", "text": "investing and trading, get yourself your"}, {"start": "00:16:04", "end": "00:16:10", "text": "own tinfoil hat because the coincidences"}, {"start": "00:16:07", "end": "00:16:12", "text": "keep piling up when people do what they"}, {"start": "00:16:10", "end": "00:16:15", "text": "do and then they send these campaigns"}, {"start": "00:16:12", "end": "00:16:16", "text": "out. I I would not be surprised I if"}, {"start": "00:16:15", "end": "00:16:18", "text": "there's going to be a massive campaign"}, {"start": "00:16:16", "end": "00:16:20", "text": "talking about how successful this ETF"}, {"start": "00:16:18", "end": "00:16:21", "text": "is, how successful everything is going."}, {"start": "00:16:20", "end": "00:16:23", "text": "And that's what that's what's going to"}, {"start": "00:16:21", "end": "00:16:24", "text": "lead towards when people are saying,"}, {"start": "00:16:23", "end": "00:16:25", "text": "Tim, why would you still think that the"}, {"start": "00:16:24", "end": "00:16:27", "text": "bottom's not in? Why would you think"}, {"start": "00:16:25", "end": "00:16:29", "text": "that we still need to go sub 60K?"}, {"start": "00:16:27", "end": "00:16:31", "text": "Everything's shaping up. And that's the"}, {"start": "00:16:29", "end": "00:16:34", "text": "problem when these types of entities are"}, {"start": "00:16:31", "end": "00:16:34", "text": "involved, everything looks perfect."}, {"start": "00:16:34", "end": "00:16:36", "text": ">> Yeah."}, {"start": "00:16:34", "end": "00:16:38", "text": ">> It could be the perfect storm to crash"}, {"start": "00:16:36", "end": "00:16:41", "text": "things back down. to watch the charts,"}, {"start": "00:16:38", "end": "00:16:42", "text": "not Morgan Stanley talking about how"}, {"start": "00:16:41", "end": "00:16:44", "text": "successful their ETF is."}, {"start": "00:16:42", "end": "00:16:47", "text": ">> Hey, Gordon Gecko loves it. Greed is"}, {"start": "00:16:44", "end": "00:16:49", "text": "good. Uh, listen, you're doing so I'm"}, {"start": "00:16:47", "end": "00:16:50", "text": "over on your on your channel, by the"}, {"start": "00:16:49", "end": "00:16:52", "text": "way. If you guys aren't following Tim"}, {"start": "00:16:50", "end": "00:16:55", "text": "Warren right there, Tim Warren Trades on"}, {"start": "00:16:52", "end": "00:16:57", "text": "YouTube. Uh, does a fantastic job."}, {"start": "00:16:55", "end": "00:16:58", "text": "Subscribe to his channel right now. Just"}, {"start": "00:16:57", "end": "00:17:00", "text": "pause for a second, hit subscribe button"}, {"start": "00:16:58", "end": "00:17:02", "text": "over on Tim Warren."}, {"start": "00:17:00", "end": "00:17:04", "text": ">> And, uh, you put out a couple of five"}, {"start": "00:17:02", "end": "00:17:06", "text": "best altcoins and the five altcoins I"}, {"start": "00:17:04", "end": "00:17:08", "text": "just bought. We're breaking down most of"}, {"start": "00:17:06", "end": "00:17:11", "text": "those. There's a handful of others that"}, {"start": "00:17:08", "end": "00:17:13", "text": "we want to kind of uh line into. And one"}, {"start": "00:17:11", "end": "00:17:15", "text": "of them, of course, when you look at"}, {"start": "00:17:13", "end": "00:17:16", "text": "where ETH has been,"}, {"start": "00:17:15", "end": "00:17:19", "text": ">> what do you think about what Standard"}, {"start": "00:17:16", "end": "00:17:21", "text": "Charter said right here on ETH? 40,000"}, {"start": "00:17:19", "end": "00:17:23", "text": "by 2030."}, {"start": "00:17:21", "end": "00:17:26", "text": ">> Yeah, that's 40,000 right there."}, {"start": "00:17:23", "end": "00:17:27", "text": ">> 40,000 by 2030. I don't I don't know if"}, {"start": "00:17:26", "end": "00:17:30", "text": "I put a lot of thought into Ethereum"}, {"start": "00:17:27", "end": "00:17:31", "text": "price by 2030. So, you know, I think"}, {"start": "00:17:30", "end": "00:17:34", "text": "that I don't I don't know if that's"}, {"start": "00:17:31", "end": "00:17:37", "text": "actually that crazy cuz I think I think"}, {"start": "00:17:34", "end": "00:17:39", "text": "I'd be"}, {"start": "00:17:37", "end": "00:17:41", "text": "semi-surprised if Bitcoin hits a million"}, {"start": "00:17:39", "end": "00:17:44", "text": "dollars uh by 2030, but I think it's"}, {"start": "00:17:41", "end": "00:17:46", "text": "very doable. And if Bitcoin hit a"}, {"start": "00:17:44", "end": "00:17:47", "text": "million dollars, I think Ethereum could"}, {"start": "00:17:46", "end": "00:17:50", "text": "pretty easily hit 40,000. So, I don't"}, {"start": "00:17:47", "end": "00:17:51", "text": "think it's ridiculous. But I think and"}, {"start": "00:17:50", "end": "00:17:53", "text": "and this is coming from somebody who's"}, {"start": "00:17:51", "end": "00:17:54", "text": "given predictions that are way too high"}, {"start": "00:17:53", "end": "00:17:59", "text": "way too fast. I'm trying to learn my"}, {"start": "00:17:54", "end": "00:18:00", "text": "lesson about being more reasonable. Um,"}, {"start": "00:17:59", "end": "00:18:03", "text": "it's do I want to make sure it's it is"}, {"start": "00:18:00", "end": "00:18:04", "text": "doable, but I don't think that people"}, {"start": "00:18:03", "end": "00:18:05", "text": "right now should just be like, well, I"}, {"start": "00:18:04", "end": "00:18:08", "text": "have to go buy Ethereum because it's"}, {"start": "00:18:05", "end": "00:18:09", "text": "going to hit 40,000 by 30 by 2030. I"}, {"start": "00:18:08", "end": "00:18:10", "text": "think you should think about, no, buy"}, {"start": "00:18:09", "end": "00:18:12", "text": "Ethereum right now because"}, {"start": "00:18:10", "end": "00:18:15", "text": "fundamentally, we are coming into a"}, {"start": "00:18:12", "end": "00:18:17", "text": "ridiculous on-ramp from institutions"}, {"start": "00:18:15", "end": "00:18:18", "text": "into the crypto market in in, you know,"}, {"start": "00:18:17", "end": "00:18:20", "text": "there's several top five videos there."}, {"start": "00:18:18", "end": "00:18:22", "text": "Some of those videos are just coins. I'm"}, {"start": "00:18:20", "end": "00:18:24", "text": "DCAing. I'm giving my community my"}, {"start": "00:18:22", "end": "00:18:26", "text": "weekly DCA picks, what I'm personally"}, {"start": "00:18:24", "end": "00:18:27", "text": "spending money on. um doesn't mean"}, {"start": "00:18:26", "end": "00:18:28", "text": "they're always the best choices for you."}, {"start": "00:18:27", "end": "00:18:30", "text": "It's what I'm doing, but I thought"}, {"start": "00:18:28", "end": "00:18:31", "text": "people would develop that. There's one"}, {"start": "00:18:30", "end": "00:18:33", "text": "list on there, the top five that'll"}, {"start": "00:18:31", "end": "00:18:36", "text": "benefit from the Clarity Act, and of"}, {"start": "00:18:33", "end": "00:18:37", "text": "course, Ethereum's on that list."}, {"start": "00:18:36", "end": "00:18:39", "text": "Ethereum is an institutionally friendly"}, {"start": "00:18:37", "end": "00:18:41", "text": "coin. Institutions are going to love it."}, {"start": "00:18:39", "end": "00:18:42", "text": "But like I just said, don't it's not"}, {"start": "00:18:41", "end": "00:18:44", "text": "going to be very long before Morgan"}, {"start": "00:18:42", "end": "00:18:44", "text": "Stanley has their own Ethereum ETF as"}, {"start": "00:18:44", "end": "00:18:45", "text": "well."}, {"start": "00:18:44", "end": "00:18:48", "text": ">> Sure,"}, {"start": "00:18:45", "end": "00:18:49", "text": ">> they're going to manipulate price. So So"}, {"start": "00:18:48", "end": "00:18:51", "text": "the volume that will come in is going to"}, {"start": "00:18:49", "end": "00:18:52", "text": "be amazing. Trading, if you know what"}, {"start": "00:18:51", "end": "00:18:53", "text": "you're doing with trading, Bitcoin,"}, {"start": "00:18:52", "end": "00:18:55", "text": "Ethereum, these other coins, you're"}, {"start": "00:18:53", "end": "00:18:58", "text": "going to do amazing. 40,000 Ethereum by"}, {"start": "00:18:55", "end": "00:19:01", "text": "2030. I'm going to say, let's call it"}, {"start": "00:18:58", "end": "00:19:03", "text": "50/50. It could because the momentum"}, {"start": "00:19:01", "end": "00:19:05", "text": "would be there, but there's also that"}, {"start": "00:19:03", "end": "00:19:07", "text": "level of the minute you set a standard"}, {"start": "00:19:05", "end": "00:19:09", "text": "and you set a prediction for us retail"}, {"start": "00:19:07", "end": "00:19:12", "text": "investors, now you're just setting up"}, {"start": "00:19:09", "end": "00:19:14", "text": "the the the level of which we could fail"}, {"start": "00:19:12", "end": "00:19:16", "text": "with our emotions. Like, watch it get to"}, {"start": "00:19:14", "end": "00:19:17", "text": "30,000 and people be like, \"Oh, I'm not"}, {"start": "00:19:16", "end": "00:19:19", "text": "going to take profit. We're going"}, {"start": "00:19:17", "end": "00:19:21", "text": "another 10,000 to 40.\" And then we start"}, {"start": "00:19:19", "end": "00:19:23", "text": "a longer bare market. And of course,"}, {"start": "00:19:21", "end": "00:19:25", "text": "we're not at 20 40,000 by 2030. That's"}, {"start": "00:19:23", "end": "00:19:27", "text": "not the way I'm viewing it. Just not"}, {"start": "00:19:25", "end": "00:19:29", "text": "getting my hopes too high or too crazy"}, {"start": "00:19:27", "end": "00:19:32", "text": "with those timets."}, {"start": "00:19:29", "end": "00:19:33", "text": ">> Can you chart Salana for us real quick?"}, {"start": "00:19:32", "end": "00:19:35", "text": "Because I'm kind of curious in the short"}, {"start": "00:19:33", "end": "00:19:38", "text": "term if we're trading it during the"}, {"start": "00:19:35", "end": "00:19:40", "text": "clarity expansion that most likely will"}, {"start": "00:19:38", "end": "00:19:43", "text": "happen. Is this a good time maybe to"}, {"start": "00:19:40", "end": "00:19:44", "text": "take a trade on Salana?"}, {"start": "00:19:43", "end": "00:19:45", "text": ">> Yeah, I I think when you're looking at"}, {"start": "00:19:44", "end": "00:19:48", "text": "the Salana chart right now, you know, I"}, {"start": "00:19:45", "end": "00:19:49", "text": "had two big marks. One of them actually"}, {"start": "00:19:48", "end": "00:19:51", "text": "uh had got hit already and we could"}, {"start": "00:19:49", "end": "00:19:53", "text": "double bottom there as well, but two big"}, {"start": "00:19:51", "end": "00:19:55", "text": "marks. I had 67. These are marks, by the"}, {"start": "00:19:53", "end": "00:19:56", "text": "way. I put like bay back up here in uh"}, {"start": "00:19:55", "end": "00:19:58", "text": "potential. Well, let's see. I didn't do"}, {"start": "00:19:56", "end": "00:20:00", "text": "them in November. I did them over here"}, {"start": "00:19:58", "end": "00:20:02", "text": "in January. I apologize. We hit one,"}, {"start": "00:20:00", "end": "00:20:04", "text": "right? So, we had a great buy signal in"}, {"start": "00:20:02", "end": "00:20:05", "text": "our community at 68. The next one, there"}, {"start": "00:20:04", "end": "00:20:07", "text": "is this world in which I think Salana"}, {"start": "00:20:05", "end": "00:20:08", "text": "could hit $50."}, {"start": "00:20:07", "end": "00:20:10", "text": ">> Whoa. Okay."}, {"start": "00:20:08", "end": "00:20:11", "text": ">> The the the closer we're getting there"}, {"start": "00:20:10", "end": "00:20:13", "text": "and the more things we're doing, I'm"}, {"start": "00:20:11", "end": "00:20:16", "text": "going to say I would probably put it at"}, {"start": "00:20:13", "end": "00:20:18", "text": "more like a 7030. I think there's"}, {"start": "00:20:16", "end": "00:20:20", "text": "probably more 70% chance we're bouncing"}, {"start": "00:20:18", "end": "00:20:21", "text": "more in this range than dropping all the"}, {"start": "00:20:20", "end": "00:20:24", "text": "way to 50. But I'm not going to I'm not"}, {"start": "00:20:21", "end": "00:20:25", "text": "going to take 50 off the table. I just"}, {"start": "00:20:24", "end": "00:20:26", "text": "would have thought to make that move, we"}, {"start": "00:20:25", "end": "00:20:29", "text": "probably would have need to needed to"}, {"start": "00:20:26", "end": "00:20:31", "text": "either continue to drain sideways this"}, {"start": "00:20:29", "end": "00:20:32", "text": "way or we needed to make a bigger fall"}, {"start": "00:20:31", "end": "00:20:35", "text": "when we did and we just didn't do either"}, {"start": "00:20:32", "end": "00:20:37", "text": "one of those. So right now, um I think"}, {"start": "00:20:35", "end": "00:20:40", "text": "you know if you could get a move back"}, {"start": "00:20:37", "end": "00:20:42", "text": "here, like I said, Salana, Ethereum,"}, {"start": "00:20:40", "end": "00:20:43", "text": "Bitcoin, I'm not convinced the bottom's"}, {"start": "00:20:42", "end": "00:20:45", "text": "in. If their bottoms aren't in, neither"}, {"start": "00:20:43", "end": "00:20:47", "text": "is Solana's necessarily. We at least"}, {"start": "00:20:45", "end": "00:20:48", "text": "could come back and double bottom."}, {"start": "00:20:47", "end": "00:20:49", "text": "You're going to be waiting though"}, {"start": "00:20:48", "end": "00:20:50", "text": "because just like the others, take a"}, {"start": "00:20:49", "end": "00:20:52", "text": "look at these indicators. Here's my more"}, {"start": "00:20:50", "end": "00:20:54", "text": "conservative one. Fresh daily buy signal"}, {"start": "00:20:52", "end": "00:20:57", "text": "here. Fresh weekly buy signals coming"}, {"start": "00:20:54", "end": "00:20:58", "text": "in. This is not the time to be shorting."}, {"start": "00:20:57", "end": "00:21:00", "text": "And I don't think it's quite the time to"}, {"start": "00:20:58", "end": "00:21:03", "text": "take profit either. Same thing we'll"}, {"start": "00:21:00", "end": "00:21:04", "text": "look at here. That was a scam wick. Pay"}, {"start": "00:21:03", "end": "00:21:06", "text": "no attention to this wick on Solana's"}, {"start": "00:21:04", "end": "00:21:08", "text": "chart that jumped up to 183. It's just a"}, {"start": "00:21:06", "end": "00:21:10", "text": "scam wick on the Binance chart, uh,"}, {"start": "00:21:08", "end": "00:21:13", "text": "which happens frequently. There's a"}, {"start": "00:21:10", "end": "00:21:15", "text": "there's a Gazian band up here at 100."}, {"start": "00:21:13", "end": "00:21:18", "text": "I'd look back at this wick here closer"}, {"start": "00:21:15", "end": "00:21:20", "text": "to 95 96 somewhere in that range. I"}, {"start": "00:21:18", "end": "00:21:22", "text": "would anticipate Salana will bounce back"}, {"start": "00:21:20", "end": "00:21:23", "text": "up. I'll put a little box right there"}, {"start": "00:21:22", "end": "00:21:25", "text": "somewhere right here. I would anticipate"}, {"start": "00:21:23", "end": "00:21:27", "text": "Solana is going to probably bounce,"}, {"start": "00:21:25", "end": "00:21:30", "text": ">> but then what will the news be? I don't"}, {"start": "00:21:27", "end": "00:21:31", "text": "know. I'll be looking for daily sell"}, {"start": "00:21:30", "end": "00:21:34", "text": "signals, strong daily sell signals,"}, {"start": "00:21:31", "end": "00:21:35", "text": "probably daily bearish divergence, and"}, {"start": "00:21:34", "end": "00:21:37", "text": "then I'll look to see, hey, can we get"}, {"start": "00:21:35", "end": "00:21:39", "text": "this move back down? I'll accumulate"}, {"start": "00:21:37", "end": "00:21:43", "text": "some down here at 69. We'll see. Like if"}, {"start": "00:21:39", "end": "00:21:47", "text": "we hit 69 and Bitcoin is just getting"}, {"start": "00:21:43", "end": "00:21:49", "text": "back down to like 65 64 then all of a"}, {"start": "00:21:47", "end": "00:21:51", "text": "sudden I'm looking at Salana chart"}, {"start": "00:21:49", "end": "00:21:53", "text": "saying all right $50 looking a lot more"}, {"start": "00:21:51", "end": "00:21:55", "text": "reasonable. But if we're sitting at 68"}, {"start": "00:21:53", "end": "00:21:57", "text": "69 and you look at the Bitcoin chart and"}, {"start": "00:21:55", "end": "00:22:02", "text": "Bitcoin's price is actually sitting down"}, {"start": "00:21:57", "end": "00:22:03", "text": "here around 57 you know 60 to 57 zone"}, {"start": "00:22:02", "end": "00:22:05", "text": "that's when I would say okay Salana"}, {"start": "00:22:03", "end": "00:22:07", "text": "probably not getting to that $50 mark."}, {"start": "00:22:05", "end": "00:22:09", "text": "So, it is going to depend upon where is"}, {"start": "00:22:07", "end": "00:22:11", "text": "Bitcoin's price, where is Ethereum's"}, {"start": "00:22:09", "end": "00:22:13", "text": "price, and then at the same time, where"}, {"start": "00:22:11", "end": "00:22:16", "text": "is Solana's price? That'll tell us do we"}, {"start": "00:22:13", "end": "00:22:18", "text": "can do we just resettle for sub $70 or"}, {"start": "00:22:16", "end": "00:22:19", "text": "we waiting all the way down for $50 per"}, {"start": "00:22:18", "end": "00:22:21", "text": "coin."}, {"start": "00:22:19", "end": "00:22:24", "text": ">> So, I I'm not sure. Are you bearish or"}, {"start": "00:22:21", "end": "00:22:24", "text": "bullish on this? Short-term, you're"}, {"start": "00:22:24", "end": "00:22:26", "text": "bullish."}, {"start": "00:22:24", "end": "00:22:28", "text": ">> Well, I'm a I'm a day trader, right? So,"}, {"start": "00:22:26", "end": "00:22:29", "text": "emotionally, I've removed the shortterm"}, {"start": "00:22:28", "end": "00:22:31", "text": "bullish or bearish thoughts. I'm just"}, {"start": "00:22:29", "end": "00:22:34", "text": "following the charts. I am so very"}, {"start": "00:22:31", "end": "00:22:36", "text": "bullish long term on Solana, but I'm"}, {"start": "00:22:34", "end": "00:22:37", "text": "bearish in the sense of saying if you"}, {"start": "00:22:36", "end": "00:22:39", "text": "ask me the question, Tim, do you think"}, {"start": "00:22:37", "end": "00:22:40", "text": "that Solana's bottoms in is nothing but"}, {"start": "00:22:39", "end": "00:22:42", "text": "upward from here? No, I I can't tell you"}, {"start": "00:22:40", "end": "00:22:44", "text": "that. I still think we could at least"}, {"start": "00:22:42", "end": "00:22:46", "text": "double bottom down towards 70."}, {"start": "00:22:44", "end": "00:22:48", "text": ">> All right, so let's take a look at chain"}, {"start": "00:22:46", "end": "00:22:50", "text": "link. Uh a Dow now deepens the"}, {"start": "00:22:48", "end": "00:22:53", "text": "partnership. This is a big deal as the"}, {"start": "00:22:50", "end": "00:22:55", "text": "oracle of of a which a is going to be an"}, {"start": "00:22:53", "end": "00:22:56", "text": "absolute you know"}, {"start": "00:22:55", "end": "00:22:58", "text": ">> behemoth"}, {"start": "00:22:56", "end": "00:23:01", "text": ">> when you look at chain link right now"}, {"start": "00:22:58", "end": "00:23:03", "text": ">> because this is the token that I know"}, {"start": "00:23:01", "end": "00:23:04", "text": "has been on your skyrocket list for"}, {"start": "00:23:03", "end": "00:23:06", "text": "quite some time right"}, {"start": "00:23:04", "end": "00:23:08", "text": ">> where do you position right now in terms"}, {"start": "00:23:06", "end": "00:23:10", "text": "of chain link on the charts"}, {"start": "00:23:08", "end": "00:23:13", "text": ">> I mean it's it's the same thing with"}, {"start": "00:23:10", "end": "00:23:15", "text": "Salana right so you said you asked me"}, {"start": "00:23:13", "end": "00:23:17", "text": "Tim am I bullish or bearish this is my"}, {"start": "00:23:15", "end": "00:23:19", "text": "chart right so when I when I do my"}, {"start": "00:23:17", "end": "00:23:21", "text": "charts I kind of ignore Ignore the"}, {"start": "00:23:19", "end": "00:23:23", "text": "fundamentals and I'm just charting this"}, {"start": "00:23:21", "end": "00:23:25", "text": "right now. Fundamentally, chain link is"}, {"start": "00:23:23", "end": "00:23:27", "text": "going to make it. Fundamentally, Salana"}, {"start": "00:23:25", "end": "00:23:28", "text": "is going to make it. But right now,"}, {"start": "00:23:27", "end": "00:23:31", "text": "chartwise, you could make the argument"}, {"start": "00:23:28", "end": "00:23:33", "text": "this is a disappointing looking chart"}, {"start": "00:23:31", "end": "00:23:34", "text": "compared to an Ethereum or a Bitcoin"}, {"start": "00:23:33", "end": "00:23:36", "text": "chart. So, this isn't the chain link"}, {"start": "00:23:34", "end": "00:23:38", "text": "zone right now. It's revpping up for"}, {"start": "00:23:36", "end": "00:23:39", "text": "that. I think chain link again, just"}, {"start": "00:23:38", "end": "00:23:41", "text": "like the others, right? We got these"}, {"start": "00:23:39", "end": "00:23:44", "text": "daily buy signals, we got the weekly buy"}, {"start": "00:23:41", "end": "00:23:46", "text": "signals coming in here. Uh we just had"}, {"start": "00:23:44", "end": "00:23:48", "text": "the weekly MACD bullish cross, which is"}, {"start": "00:23:46", "end": "00:23:50", "text": "huge to get that as well. So, where are"}, {"start": "00:23:48", "end": "00:23:53", "text": "we looking? Let's pull up our our Gazian"}, {"start": "00:23:50", "end": "00:23:55", "text": "band here. We're looking somewhere again"}, {"start": "00:23:53", "end": "00:23:57", "text": "back down toward back towards $10, I"}, {"start": "00:23:55", "end": "00:23:58", "text": "think. $10. Could you go higher? By the"}, {"start": "00:23:57", "end": "00:24:00", "text": "way, you don't have to stop right on the"}, {"start": "00:23:58", "end": "00:24:04", "text": "wick there. You could go higher. I I had"}, {"start": "00:24:00", "end": "00:24:06", "text": "this box weeks ago. Um I said that"}, {"start": "00:24:04", "end": "00:24:08", "text": "almost $11 could get hit to the upside."}, {"start": "00:24:06", "end": "00:24:09", "text": "The problem with that call now is that"}, {"start": "00:24:08", "end": "00:24:11", "text": "Chanley just didn't make the same"}, {"start": "00:24:09", "end": "00:24:13", "text": "momentum move that Bitcoin and Ethereum"}, {"start": "00:24:11", "end": "00:24:16", "text": "did. So that's why I'm kind of sitting"}, {"start": "00:24:13", "end": "00:24:18", "text": "here saying $10 to $11 range is probably"}, {"start": "00:24:16", "end": "00:24:20", "text": "a more realistic upside pick to the"}, {"start": "00:24:18", "end": "00:24:22", "text": "downside. Let's go. Remember I told you"}, {"start": "00:24:20", "end": "00:24:25", "text": "Solana that first window was closer to"}, {"start": "00:24:22", "end": "00:24:26", "text": "$70. My window for chain link will be"}, {"start": "00:24:25", "end": "00:24:29", "text": "that double bottom pick down here"}, {"start": "00:24:26", "end": "00:24:31", "text": "towards 7 720 730 would be my area to"}, {"start": "00:24:29", "end": "00:24:33", "text": "watch in this green box."}, {"start": "00:24:31", "end": "00:24:35", "text": ">> But a doomsday scenario, right? The same"}, {"start": "00:24:33", "end": "00:24:36", "text": "thing with Solana to $50. Chain link"}, {"start": "00:24:35", "end": "00:24:38", "text": "could come back to 650."}, {"start": "00:24:36", "end": "00:24:40", "text": ">> And this doesn't make me this doesn't"}, {"start": "00:24:38", "end": "00:24:42", "text": "make me bearish. It just makes me chart"}, {"start": "00:24:40", "end": "00:24:44", "text": "chart-wise realistic. By the way, this"}, {"start": "00:24:42", "end": "00:24:46", "text": "would also what I would love to see"}, {"start": "00:24:44", "end": "00:24:47", "text": "here, and I I talk about this with"}, {"start": "00:24:46", "end": "00:24:49", "text": "Bitcoin all the time, but it's gonna be"}, {"start": "00:24:47", "end": "00:24:51", "text": "the same way with chain link and Salana."}, {"start": "00:24:49", "end": "00:24:54", "text": "This is a consistent lower lows on the"}, {"start": "00:24:51", "end": "00:24:57", "text": "RSI with the lower lows of the price"}, {"start": "00:24:54", "end": "00:25:00", "text": "action. Historically, the greatest"}, {"start": "00:24:57", "end": "00:25:02", "text": "bottoms happen when you see one more"}, {"start": "00:25:00", "end": "00:25:03", "text": "lower low. Let's turn some noise off"}, {"start": "00:25:02", "end": "00:25:05", "text": "here, right? One more lower low. So,"}, {"start": "00:25:03", "end": "00:25:07", "text": "let's pretend chain link makes this move"}, {"start": "00:25:05", "end": "00:25:09", "text": "with my marker. chain makes this move up"}, {"start": "00:25:07", "end": "00:25:11", "text": "here towards $10 and then comes back"}, {"start": "00:25:09", "end": "00:25:14", "text": "down here and puts in a lower low candle"}, {"start": "00:25:11", "end": "00:25:16", "text": "body closes, right? I need that and then"}, {"start": "00:25:14", "end": "00:25:18", "text": "I come back to RSI. Let's take a look at"}, {"start": "00:25:16", "end": "00:25:20", "text": "the RSI in the same time period. I would"}, {"start": "00:25:18", "end": "00:25:22", "text": "need the RSI. This will pop up to come"}, {"start": "00:25:20", "end": "00:25:25", "text": "down and put in a higher low. And then"}, {"start": "00:25:22", "end": "00:25:28", "text": "all of a sudden, I've got a momentum"}, {"start": "00:25:25", "end": "00:25:30", "text": "rising in my RSI while I'm looking over"}, {"start": "00:25:28", "end": "00:25:33", "text": "here and I still had one more leg down."}, {"start": "00:25:30", "end": "00:25:34", "text": "Historically, these divergences"}, {"start": "00:25:33", "end": "00:25:36", "text": "have been the major bottoms on the"}, {"start": "00:25:34", "end": "00:25:38", "text": "weekly chart. So, okay, that's another"}, {"start": "00:25:36", "end": "00:25:39", "text": "big reason why I'm not convinced the"}, {"start": "00:25:38", "end": "00:25:41", "text": "bottom's in yet. We don't have daily"}, {"start": "00:25:39", "end": "00:25:43", "text": "bullish divergence. We don't definitely"}, {"start": "00:25:41", "end": "00:25:45", "text": "don't have weekly bullish divergence. We"}, {"start": "00:25:43", "end": "00:25:47", "text": "at least need a daily one. And to do"}, {"start": "00:25:45", "end": "00:25:48", "text": "that, guess what price has to do? It has"}, {"start": "00:25:47", "end": "00:25:50", "text": "to go put in one more lower low."}, {"start": "00:25:48", "end": "00:25:52", "text": ">> Yeah, for sure. All right, Tim, we're"}, {"start": "00:25:50", "end": "00:25:54", "text": "going to do a lightning round uh on some"}, {"start": "00:25:52", "end": "00:25:56", "text": "predictions. And let's lead off with"}, {"start": "00:25:54", "end": "00:26:00", "text": "this one right now. Clarity markup date"}, {"start": "00:25:56", "end": "00:26:02", "text": "announced on Monday. Congress is back in"}, {"start": "00:26:00", "end": "00:26:05", "text": "all of these other signals. What do you"}, {"start": "00:26:02", "end": "00:26:07", "text": "think? Yes. No. Is the 13th Monday?"}, {"start": "00:26:05", "end": "00:26:09", "text": ">> Yeah."}, {"start": "00:26:07", "end": "00:26:10", "text": ">> They don't do anything fast. No, I'm"}, {"start": "00:26:09", "end": "00:26:12", "text": "gonna I'm gonna hold off and say"}, {"start": "00:26:10", "end": "00:26:14", "text": "Tuesday. They don't No one does anything"}, {"start": "00:26:12", "end": "00:26:15", "text": "fast in Washington DC. They're going to"}, {"start": "00:26:14", "end": "00:26:17", "text": "get back and just put their feet up on"}, {"start": "00:26:15", "end": "00:26:17", "text": "their desk and give it a couple hours."}, {"start": "00:26:17", "end": "00:26:18", "text": "So,"}, {"start": "00:26:17", "end": "00:26:20", "text": ">> I'm going to go ahead and and be the"}, {"start": "00:26:18", "end": "00:26:22", "text": "contrarian there. I'll say yes."}, {"start": "00:26:20", "end": "00:26:24", "text": ">> You be the optimist in the room. Yeah."}, {"start": "00:26:22", "end": "00:26:27", "text": ">> Yeah. There you go. Clarity signed by"}, {"start": "00:26:24", "end": "00:26:28", "text": "Trump by July 4th."}, {"start": "00:26:27", "end": "00:26:30", "text": ">> Yes. Yeah. I think everything I've said"}, {"start": "00:26:28", "end": "00:26:31", "text": "so far leads to that timeline being"}, {"start": "00:26:30", "end": "00:26:33", "text": "accurate."}, {"start": "00:26:31", "end": "00:26:38", "text": ">> Okay. So, we're both on the same page"}, {"start": "00:26:33", "end": "00:26:40", "text": "there. Uh, surprise banks lose and"}, {"start": "00:26:38", "end": "00:26:44", "text": "passive stable coin yields are codified"}, {"start": "00:26:40", "end": "00:26:46", "text": "in clarity. What do you think?"}, {"start": "00:26:44", "end": "00:26:48", "text": ">> I mean, with what the White House said"}, {"start": "00:26:46", "end": "00:26:51", "text": "now, Brian Armstrong seems to be about"}, {"start": "00:26:48", "end": "00:26:53", "text": "passing this bill. Yeah. I mean, I love"}, {"start": "00:26:51", "end": "00:26:54", "text": "the answer. Yes. Possible. Let go."}, {"start": "00:26:53", "end": "00:26:55", "text": ">> You like possible."}, {"start": "00:26:54", "end": "00:26:57", "text": ">> I like possible."}, {"start": "00:26:55", "end": "00:26:58", "text": ">> All right. I don't think so. I think"}, {"start": "00:26:57", "end": "00:27:01", "text": "it's impossible. I don't think they"}, {"start": "00:26:58", "end": "00:27:03", "text": "lose. I think they've got a deal and and"}, {"start": "00:27:01", "end": "00:27:05", "text": "they've fatigued the industry and"}, {"start": "00:27:03", "end": "00:27:08", "text": "they're uh it's going to be active. It's"}, {"start": "00:27:05", "end": "00:27:09", "text": "going to be a split. Uh passive is gone."}, {"start": "00:27:08", "end": "00:27:12", "text": "Active is in and we're going to have to"}, {"start": "00:27:09", "end": "00:27:15", "text": "get creative. Coinbase stock skyrockets"}, {"start": "00:27:12", "end": "00:27:17", "text": "upon clarity passing."}, {"start": "00:27:15", "end": "00:27:20", "text": ">> Yeah, this is where it's hard."}, {"start": "00:27:17", "end": "00:27:22", "text": ">> It depends on if So, I know you want a"}, {"start": "00:27:20", "end": "00:27:24", "text": "yes or no for me. It depends on where"}, {"start": "00:27:22", "end": "00:27:26", "text": "the price is. If it passes with us being"}, {"start": "00:27:24", "end": "00:27:27", "text": "high, then the answer is no because I"}, {"start": "00:27:26", "end": "00:27:29", "text": "think we need to go down. I'm thinking"}, {"start": "00:27:27", "end": "00:27:31", "text": "that we can get that. I think there's"}, {"start": "00:27:29", "end": "00:27:34", "text": "going to be a shakeup in the Senate or"}, {"start": "00:27:31", "end": "00:27:37", "text": "the House that causes fear to crash the"}, {"start": "00:27:34", "end": "00:27:41", "text": "markets. So, I I want to go with yes."}, {"start": "00:27:37", "end": "00:27:43", "text": "Yes, it explodes. But if we do not have"}, {"start": "00:27:41", "end": "00:27:44", "text": "that dip before it passes, then my"}, {"start": "00:27:43", "end": "00:27:46", "text": "assumption is going to be there's going"}, {"start": "00:27:44", "end": "00:27:47", "text": "to be a sell the news event and then the"}, {"start": "00:27:46", "end": "00:27:48", "text": "answer is no. But let's go with yes."}, {"start": "00:27:47", "end": "00:27:51", "text": "I'll stick with yes for now."}, {"start": "00:27:48", "end": "00:27:54", "text": ">> I'm staying on the no, Cam. Okay. Uh Tom"}, {"start": "00:27:51", "end": "00:27:57", "text": "Lee makes a historical massive purchase"}, {"start": "00:27:54", "end": "00:27:59", "text": "for ETH after Clarity passes like he did"}, {"start": "00:27:57", "end": "00:28:00", "text": "after Genius Act."}, {"start": "00:27:59", "end": "00:28:02", "text": "You think he will?"}, {"start": "00:28:00", "end": "00:28:03", "text": ">> So go back to it. I'm sorry it's blurry"}, {"start": "00:28:02", "end": "00:28:06", "text": "from where I'm seeing."}, {"start": "00:28:03", "end": "00:28:08", "text": ">> Tom Lee makes a makes a huge purchase on"}, {"start": "00:28:06", "end": "00:28:11", "text": "ETH right now. He's he's been averaging"}, {"start": "00:28:08", "end": "00:28:14", "text": "about 70,000 ETH per purchase."}, {"start": "00:28:11", "end": "00:28:17", "text": ">> Well, it's been coming up 50 60 70. Our"}, {"start": "00:28:14", "end": "00:28:21", "text": "number is 100,000. When we say he hits"}, {"start": "00:28:17", "end": "00:28:22", "text": "100, then we know bottoms in. Yeah, I"}, {"start": "00:28:21", "end": "00:28:24", "text": "think I think he does. I think he will"}, {"start": "00:28:22", "end": "00:28:26", "text": "use that as an opportunity again. He's"}, {"start": "00:28:24", "end": "00:28:29", "text": "he's the Michael Sailor of Ethereum. So,"}, {"start": "00:28:26", "end": "00:28:31", "text": ">> yeah, I'm with you there. Okay. Market"}, {"start": "00:28:29", "end": "00:28:33", "text": "already expects Israel breaking the"}, {"start": "00:28:31", "end": "00:28:35", "text": "ceasefire negotiations. Do you think"}, {"start": "00:28:33", "end": "00:28:37", "text": "they already expect this? It's priced"}, {"start": "00:28:35", "end": "00:28:38", "text": "in."}, {"start": "00:28:37", "end": "00:28:40", "text": ">> No, the market doesn't expect it. If"}, {"start": "00:28:38", "end": "00:28:42", "text": "they expected it, we'd be we'd be"}, {"start": "00:28:40", "end": "00:28:43", "text": "dropping. So, no, it doesn't expect it."}, {"start": "00:28:42", "end": "00:28:44", "text": ">> Okay."}, {"start": "00:28:43", "end": "00:28:46", "text": ">> Yeah."}, {"start": "00:28:44", "end": "00:28:50", "text": ">> I I'm I think they do. I think they've"}, {"start": "00:28:46", "end": "00:28:52", "text": "they know, you know, where Israel is and"}, {"start": "00:28:50", "end": "00:28:53", "text": "and where they're always going to be no"}, {"start": "00:28:52", "end": "00:28:54", "text": "matter what."}, {"start": "00:28:53", "end": "00:28:56", "text": ">> Better central."}, {"start": "00:28:54", "end": "00:28:57", "text": ">> The spies the spy is sitting pretty"}, {"start": "00:28:56", "end": "00:28:59", "text": "high. I know we don't talk stocks all"}, {"start": "00:28:57", "end": "00:29:01", "text": "the time, but the spy sitting up there"}, {"start": "00:28:59", "end": "00:29:02", "text": "at 680 right now."}, {"start": "00:29:01", "end": "00:29:04", "text": ">> I don't know. That's"}, {"start": "00:29:02", "end": "00:29:07", "text": ">> Listen, I talked to a professor this"}, {"start": "00:29:04", "end": "00:29:10", "text": "morning that still is pointing at a"}, {"start": "00:29:07", "end": "00:29:12", "text": "8,000 uh SPX."}, {"start": "00:29:10", "end": "00:29:13", "text": ">> Okay."}, {"start": "00:29:12", "end": "00:29:15", "text": ">> High."}, {"start": "00:29:13", "end": "00:29:15", "text": ">> Yeah. By end for the end of year. in a"}, {"start": "00:29:15", "end": "00:29:16", "text": "year."}, {"start": "00:29:15", "end": "00:29:19", "text": ">> I I mean I think it could happen even"}, {"start": "00:29:16", "end": "00:29:21", "text": "with a slow correction down towards 611,"}, {"start": "00:29:19", "end": "00:29:22", "text": "right? Which would be 60 6100. You know,"}, {"start": "00:29:21", "end": "00:29:24", "text": "I know the SPY and the S&P are"}, {"start": "00:29:22", "end": "00:29:25", "text": "different, but um"}, {"start": "00:29:24", "end": "00:29:27", "text": ">> I still think I still think just like"}, {"start": "00:29:25", "end": "00:29:29", "text": "crypto, I think you go one more leg down"}, {"start": "00:29:27", "end": "00:29:30", "text": "and then you explode up again, too. I"}, {"start": "00:29:29", "end": "00:29:32", "text": "think the spy definitely could hit I"}, {"start": "00:29:30", "end": "00:29:33", "text": "mean 8,000 might be a little high for my"}, {"start": "00:29:32", "end": "00:29:36", "text": "liking, but I definitely think new"}, {"start": "00:29:33", "end": "00:29:38", "text": "alltime highs."}, {"start": "00:29:36", "end": "00:29:42", "text": ">> Better centralized chain to invest in"}, {"start": "00:29:38", "end": "00:29:45", "text": "right now, Canton or Hood?"}, {"start": "00:29:42", "end": "00:29:47", "text": "Yeah, I think let's go ROI here. I think"}, {"start": "00:29:45", "end": "00:29:48", "text": "Canton's new. It's It's special. It's"}, {"start": "00:29:47", "end": "00:29:51", "text": "It's got both the crypto side and the"}, {"start": "00:29:48", "end": "00:29:53", "text": "bank side. So, let's go Canton."}, {"start": "00:29:51", "end": "00:29:56", "text": ">> You're gonna go Canton. I have to go uh"}, {"start": "00:29:53", "end": "00:29:59", "text": "anti so I can stay on the anti-Canton"}, {"start": "00:29:56", "end": "00:30:02", "text": "chain train, you know. Uh I have to do"}, {"start": "00:29:59", "end": "00:30:05", "text": "that just, you know."}, {"start": "00:30:02", "end": "00:30:07", "text": ">> Um World Liberty Fi collapses before the"}, {"start": "00:30:05", "end": "00:30:10", "text": "midterms."}, {"start": "00:30:07", "end": "00:30:14", "text": ">> Oh, wow. Remember, they sold 49% of this"}, {"start": "00:30:10", "end": "00:30:17", "text": "to the Middle East in February."}, {"start": "00:30:14", "end": "00:30:19", "text": ">> Are they I don't stepped in with what"}, {"start": "00:30:17", "end": "00:30:21", "text": "World Liberty Fi is doing. So, that's"}, {"start": "00:30:19", "end": "00:30:23", "text": "news to me. What you just said, I'm"}, {"start": "00:30:21", "end": "00:30:24", "text": "still going to say unlikely."}, {"start": "00:30:23", "end": "00:30:24", "text": ">> Unlikely."}, {"start": "00:30:24", "end": "00:30:26", "text": ">> Yeah,"}, {"start": "00:30:24", "end": "00:30:28", "text": ">> I'm going to say this might this might"}, {"start": "00:30:26", "end": "00:30:30", "text": "happen. This might happen."}, {"start": "00:30:28", "end": "00:30:32", "text": ">> That would be very chain. Yeah, that"}, {"start": "00:30:30", "end": "00:30:35", "text": "would be something. Which chain benefits"}, {"start": "00:30:32", "end": "00:30:39", "text": "the most uh from midterm election"}, {"start": "00:30:35", "end": "00:30:39", "text": "prediction market season?"}, {"start": "00:30:41", "end": "00:30:45", "text": "I don't know. Um"}, {"start": "00:30:46", "end": "00:30:50", "text": "I'm gonna I'm gonna go with Salana"}, {"start": "00:30:48", "end": "00:30:51", "text": "because I think again Ethereum's got a"}, {"start": "00:30:50", "end": "00:30:53", "text": "hot hand right now. So we're looking"}, {"start": "00:30:51", "end": "00:30:54", "text": "that far out. I think tides will turn"}, {"start": "00:30:53", "end": "00:30:57", "text": "and Salana will have a nice it'll have"}, {"start": "00:30:54", "end": "00:30:59", "text": "extra room to have a bigger rally."}, {"start": "00:30:57", "end": "00:30:59", "text": ">> I'm gonna go with ETH on that one."}, {"start": "00:30:59", "end": "00:31:01", "text": ">> Go for it."}, {"start": "00:30:59", "end": "00:31:02", "text": ">> I like it, man. We got we we're on"}, {"start": "00:31:01", "end": "00:31:03", "text": "different sides."}, {"start": "00:31:02", "end": "00:31:05", "text": ">> We're splitting here. Yeah, we're"}, {"start": "00:31:03", "end": "00:31:08", "text": "splitting nicely here. Uh, apparently"}, {"start": "00:31:05", "end": "00:31:12", "text": "the only safe AI tokens to hold now are"}, {"start": "00:31:08", "end": "00:31:12", "text": "ETH and Chainlink."}, {"start": "00:31:12", "end": "00:31:16", "text": ">> No, I disagree, but it also depends on"}, {"start": "00:31:14", "end": "00:31:17", "text": "what your definition of safe is. I would"}, {"start": "00:31:16", "end": "00:31:19", "text": "make the argument you can make you can"}, {"start": "00:31:17", "end": "00:31:21", "text": "make the argument neither of those are"}, {"start": "00:31:19", "end": "00:31:22", "text": "safe, but I think they are. And if I'm"}, {"start": "00:31:21", "end": "00:31:23", "text": "going to say those are safe, there's"}, {"start": "00:31:22", "end": "00:31:24", "text": "other plays I would say as well."}, {"start": "00:31:23", "end": "00:31:26", "text": ">> Yeah,"}, {"start": "00:31:24", "end": "00:31:28", "text": ">> I I mean I think Tao I think if we're"}, {"start": "00:31:26", "end": "00:31:29", "text": "talking about AI in the crypto space, I"}, {"start": "00:31:28", "end": "00:31:30", "text": "think Bit Tensenter Tao is a safe pick"}, {"start": "00:31:29", "end": "00:31:31", "text": "if you're gonna go with those two."}, {"start": "00:31:30", "end": "00:31:33", "text": ">> Whoa, whoa, wait, wait a minute. We"}, {"start": "00:31:31", "end": "00:31:34", "text": "don't want him to say that."}, {"start": "00:31:33", "end": "00:31:39", "text": "Oh no."}, {"start": "00:31:34", "end": "00:31:42", "text": ">> Okay. Yeah. So is it news?"}, {"start": "00:31:39", "end": "00:31:42", "text": ">> Is it is it"}, {"start": "00:31:43", "end": "00:31:47", "text": ">> Yeah. So Bit Tensor Tow just dumped 10"}, {"start": "00:31:45", "end": "00:31:48", "text": "million. Was that today?"}, {"start": "00:31:47", "end": "00:31:50", "text": ">> That was yesterday."}, {"start": "00:31:48", "end": "00:31:52", "text": ">> Yesterday."}, {"start": "00:31:50", "end": "00:31:53", "text": ">> There's a major FUD campaign. I don't"}, {"start": "00:31:52", "end": "00:31:54", "text": "know if I fully believe what's happening"}, {"start": "00:31:53", "end": "00:31:55", "text": "there, though. But"}, {"start": "00:31:54", "end": "00:31:56", "text": ">> Oh, really? Okay."}, {"start": "00:31:55", "end": "00:31:58", "text": ">> Yeah."}, {"start": "00:31:56", "end": "00:31:59", "text": ">> Everybody's saying it's real, but"}, {"start": "00:31:58", "end": "00:32:01", "text": ">> I don't know. There's there's something"}, {"start": "00:31:59", "end": "00:32:03", "text": "about the guy the guy that spread the"}, {"start": "00:32:01", "end": "00:32:05", "text": "story. There's some there's some details"}, {"start": "00:32:03", "end": "00:32:08", "text": "about him supposedly that he's not the"}, {"start": "00:32:05", "end": "00:32:09", "text": "cleanest whistle in the in the"}, {"start": "00:32:08", "end": "00:32:13", "text": ">> cabinet."}, {"start": "00:32:09", "end": "00:32:15", "text": ">> Okay, you guys are at it. Okay. Um All"}, {"start": "00:32:13", "end": "00:32:18", "text": "right. Well, listen. So, you disagree on"}, {"start": "00:32:15", "end": "00:32:20", "text": "this or you agree? E or chain link?"}, {"start": "00:32:18", "end": "00:32:22", "text": ">> Yeah, I think I I think if you're going"}, {"start": "00:32:20", "end": "00:32:24", "text": "to say Ethereum and Chain Link are safe"}, {"start": "00:32:22", "end": "00:32:25", "text": "for the AI space, there's other coins"}, {"start": "00:32:24", "end": "00:32:26", "text": "out there as well. So, I'm going to say"}, {"start": "00:32:25", "end": "00:32:29", "text": "I disagree."}, {"start": "00:32:26", "end": "00:32:30", "text": ">> Okay. You say you disagree? I'm gonna"}, {"start": "00:32:29", "end": "00:32:31", "text": "say these are the two the two front"}, {"start": "00:32:30", "end": "00:32:33", "text": "runners right now."}, {"start": "00:32:31", "end": "00:32:34", "text": ">> They probably are the front runners."}, {"start": "00:32:33", "end": "00:32:35", "text": ">> I agree with that. They are the front"}, {"start": "00:32:34", "end": "00:32:36", "text": "runners, but"}, {"start": "00:32:35", "end": "00:32:38", "text": ">> Well, they're the I'll go with the front"}, {"start": "00:32:36", "end": "00:32:38", "text": "runners on the safety side."}, {"start": "00:32:38", "end": "00:32:43", "text": ">> Yeah."}, {"start": "00:32:38", "end": "00:32:47", "text": ">> Elon censoring Twitter in 2026 leads to"}, {"start": "00:32:43", "end": "00:32:47", "text": "the rise of polyarket social."}, {"start": "00:32:48", "end": "00:32:53", "text": "Hm."}, {"start": "00:32:50", "end": "00:32:55", "text": ">> You saw the news on on on Twitter where"}, {"start": "00:32:53", "end": "00:32:57", "text": "there if you're a new account and you"}, {"start": "00:32:55", "end": "00:32:59", "text": "you're tweeting about crypto, you got to"}, {"start": "00:32:57", "end": "00:33:00", "text": "do KYC. Have you heard this?"}, {"start": "00:32:59", "end": "00:33:03", "text": ">> No, I didn't see this."}, {"start": "00:33:00", "end": "00:33:06", "text": ">> Yeah, this is a whole new process for"}, {"start": "00:33:03", "end": "00:33:09", "text": "getting an account on X."}, {"start": "00:33:06", "end": "00:33:10", "text": ">> So, would you where would you stand on"}, {"start": "00:33:09", "end": "00:33:10", "text": "that?"}, {"start": "00:33:10", "end": "00:33:12", "text": ">> You think it would?"}, {"start": "00:33:10", "end": "00:33:13", "text": ">> Yeah, some of these are making me I've"}, {"start": "00:33:12", "end": "00:33:16", "text": "never even thought about these questions"}, {"start": "00:33:13", "end": "00:33:18", "text": "before. Um,"}, {"start": "00:33:16", "end": "00:33:20", "text": "let's let's go agree because I think"}, {"start": "00:33:18", "end": "00:33:21", "text": "Poly Market Social is going to want to"}, {"start": "00:33:20", "end": "00:33:23", "text": "be a thing anyway."}, {"start": "00:33:21", "end": "00:33:25", "text": ">> Yeah, I agree with you. Hey, listen."}, {"start": "00:33:23", "end": "00:33:28", "text": "It's always fun uh chatting with you on"}, {"start": "00:33:25", "end": "00:33:30", "text": "Fridays. We'll get you back in soon and"}, {"start": "00:33:28", "end": "00:33:32", "text": "hopefully la next time I talk to you,"}, {"start": "00:33:30", "end": "00:33:36", "text": "Clarity will be ready."}, {"start": "00:33:32", "end": "00:33:36", "text": ">> Let's hope."}, {"start": "00:33:40", "end": "00:33:44", "text": ">> If you like this video, hit like and"}, {"start": "00:33:41", "end": "00:33:46", "text": "subscribe. Drop a comment down below and"}, {"start": "00:33:44", "end": "00:33:50", "text": "also join our free private member group."}, {"start": "00:33:46", "end": "00:33:50", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Can Netanyahu end this rally today?"}, {"start": "00:00:02", "end": "00:00:06", "text": "We'll break it down for you. There is a"}, {"start": "00:00:03", "end": "00:00:07", "text": "lot going on that may start to dictate"}, {"start": "00:00:06", "end": "00:00:09", "text": "where markets is going. I do want to"}, {"start": "00:00:07", "end": "00:00:11", "text": "thank our sponsor today and that is BTCC"}, {"start": "00:00:09", "end": "00:00:14", "text": "where you guys can get into all sorts of"}, {"start": "00:00:11", "end": "00:00:15", "text": "trading including copy trading. So, set"}, {"start": "00:00:14", "end": "00:00:18", "text": "up your account over there. You get a"}, {"start": "00:00:15", "end": "00:00:20", "text": "10% bonus on your first-time deposit."}, {"start": "00:00:18", "end": "00:00:22", "text": "Very easy to set up. Another thing too"}, {"start": "00:00:20", "end": "00:00:24", "text": "is you do get a discount on your trades"}, {"start": "00:00:22", "end": "00:00:26", "text": "as well just by using our link. So, use"}, {"start": "00:00:24", "end": "00:00:28", "text": "that, get started out there, especially"}, {"start": "00:00:26", "end": "00:00:31", "text": "as the market starts this volatility"}, {"start": "00:00:28", "end": "00:00:33", "text": "phase. So, some opportunities to get"}, {"start": "00:00:31", "end": "00:00:34", "text": "into it. Let's go over to a few points I"}, {"start": "00:00:33", "end": "00:00:37", "text": "want to lead off with. This is the Kobe"}, {"start": "00:00:34", "end": "00:00:40", "text": "letter talking really about the oil"}, {"start": "00:00:37", "end": "00:00:43", "text": "pricing. And as we know, oil and energy"}, {"start": "00:00:40", "end": "00:00:46", "text": "are a dictator to how we are going to"}, {"start": "00:00:43", "end": "00:00:48", "text": "see inflation manifest here in the"}, {"start": "00:00:46", "end": "00:00:50", "text": "United States. And as you can see, US"}, {"start": "00:00:48", "end": "00:00:53", "text": "oil prices now nearing 103 a barrel. And"}, {"start": "00:00:50", "end": "00:00:57", "text": "it's continuing to to pledge up too. Uh"}, {"start": "00:00:53", "end": "00:00:58", "text": "up 12% just in the last 24 hours. Uh the"}, {"start": "00:00:57", "end": "00:01:00", "text": "deputy foreign minister announced that"}, {"start": "00:00:58", "end": "00:01:02", "text": "Iran was on the verge of responding to"}, {"start": "00:01:00", "end": "00:01:04", "text": "the ceasefire vi violations. That of"}, {"start": "00:01:02", "end": "00:01:06", "text": "course set this all moving up and you"}, {"start": "00:01:04", "end": "00:01:09", "text": "can kind of see the chart just getting"}, {"start": "00:01:06", "end": "00:01:12", "text": "crazy as we go back into triple digits"}, {"start": "00:01:09", "end": "00:01:14", "text": "on oil and energy going forward. Bricks"}, {"start": "00:01:12", "end": "00:01:16", "text": "of course hits on this. Abu Dhabi"}, {"start": "00:01:14", "end": "00:01:19", "text": "National Oil Company says 230 oil"}, {"start": "00:01:16", "end": "00:01:20", "text": "tankers are now loaded and ready but"}, {"start": "00:01:19", "end": "00:01:23", "text": "unfortunately the straight of Hormuz is"}, {"start": "00:01:20", "end": "00:01:25", "text": "still closed. That is the issue that is"}, {"start": "00:01:23", "end": "00:01:28", "text": "the strangle point that Iran is pretty"}, {"start": "00:01:25", "end": "00:01:30", "text": "much in control of at this point and it"}, {"start": "00:01:28", "end": "00:01:33", "text": "starts to really break down into two"}, {"start": "00:01:30", "end": "00:01:35", "text": "areas. One area is how Trump is going to"}, {"start": "00:01:33", "end": "00:01:37", "text": "deal with the economic fallout from this"}, {"start": "00:01:35", "end": "00:01:40", "text": "because this is affecting a lot of other"}, {"start": "00:01:37", "end": "00:01:42", "text": "countries. And number two is what"}, {"start": "00:01:40", "end": "00:01:45", "text": "incremental things does he have control"}, {"start": "00:01:42", "end": "00:01:48", "text": "over that helps get this war stopped."}, {"start": "00:01:45", "end": "00:01:51", "text": "And I think one of the biggest ones is"}, {"start": "00:01:48", "end": "00:01:53", "text": "of course the 800 pound gorilla and that"}, {"start": "00:01:51", "end": "00:01:55", "text": "is Netanyahu and Israel. Netanyahu"}, {"start": "00:01:53", "end": "00:01:56", "text": "announced that Israel will begin direct"}, {"start": "00:01:55", "end": "00:01:59", "text": "negotiations with Lebanon to try to"}, {"start": "00:01:56", "end": "00:02:02", "text": "disarm Hezbollah. This of course after"}, {"start": "00:01:59", "end": "00:02:04", "text": "yesterday's bombing of just absolute"}, {"start": "00:02:02", "end": "00:02:06", "text": "carnage. And this is the thing that I'm"}, {"start": "00:02:04", "end": "00:02:08", "text": "talking about. It is almost like the"}, {"start": "00:02:06", "end": "00:02:10", "text": "tail wagging the dog here. And this is"}, {"start": "00:02:08", "end": "00:02:12", "text": "the example that I think we are faced"}, {"start": "00:02:10", "end": "00:02:15", "text": "with right now where Netanyahu is"}, {"start": "00:02:12", "end": "00:02:17", "text": "leading Trump into this. And is Trump"}, {"start": "00:02:15", "end": "00:02:19", "text": "just falling for this? I want to go to a"}, {"start": "00:02:17", "end": "00:02:22", "text": "quick clip because this shows you"}, {"start": "00:02:19", "end": "00:02:23", "text": "exactly where they are being Israel."}, {"start": "00:02:22", "end": "00:02:25", "text": "Take a look."}, {"start": "00:02:23", "end": "00:02:28", "text": ">> And Israel is stronger than ever. This"}, {"start": "00:02:25", "end": "00:02:30", "text": "is the bottom line of this campaign up"}, {"start": "00:02:28", "end": "00:02:33", "text": "until now. Let me say there are still"}, {"start": "00:02:30", "end": "00:02:35", "text": "additional objectives for us to achieve"}, {"start": "00:02:33", "end": "00:02:38", "text": "and we will achieve them either by"}, {"start": "00:02:35", "end": "00:02:40", "text": "agreement or by resumption of the"}, {"start": "00:02:38", "end": "00:02:42", "text": "fighting."}, {"start": "00:02:40", "end": "00:02:46", "text": "We and we are ready to resume the"}, {"start": "00:02:42", "end": "00:02:48", "text": "fighting at any moment. Our finger is on"}, {"start": "00:02:46", "end": "00:02:51", "text": "the trigger"}, {"start": "00:02:48", "end": "00:02:54", "text": "as you know uh two week ceasefire has"}, {"start": "00:02:51", "end": "00:02:56", "text": "been announced between the US and Iran."}, {"start": "00:02:54", "end": "00:02:59", "text": "No, we were not surprised in the last"}, {"start": "00:02:56", "end": "00:03:03", "text": "moment and I want to emphasize"}, {"start": "00:02:59", "end": "00:03:06", "text": "this is not the end of the war. This is"}, {"start": "00:03:03", "end": "00:03:08", "text": "a step in order to achieve all the"}, {"start": "00:03:06", "end": "00:03:11", "text": "object."}, {"start": "00:03:08", "end": "00:03:13", "text": ">> All right. So, uh, still very resident"}, {"start": "00:03:11", "end": "00:03:16", "text": "in how they're going to be playing out"}, {"start": "00:03:13", "end": "00:03:18", "text": "this in terms of defending Israel. And I"}, {"start": "00:03:16", "end": "00:03:20", "text": "think the issue really boils down to how"}, {"start": "00:03:18", "end": "00:03:21", "text": "much control do they have over the"}, {"start": "00:03:20", "end": "00:03:24", "text": "president because remember guys, all of"}, {"start": "00:03:21", "end": "00:03:26", "text": "this flows into markets. It flows into"}, {"start": "00:03:24", "end": "00:03:29", "text": "the cost of energy. That of course hits"}, {"start": "00:03:26", "end": "00:03:32", "text": "inflation. Inflation hits the US and"}, {"start": "00:03:29", "end": "00:03:34", "text": "that hits asset prices, which is what we"}, {"start": "00:03:32", "end": "00:03:36", "text": "watch about uh quite a bit here. This"}, {"start": "00:03:34", "end": "00:03:38", "text": "was a big surprise to me. This came from"}, {"start": "00:03:36", "end": "00:03:40", "text": "Max Blumenthal, the New York Time"}, {"start": "00:03:38", "end": "00:03:43", "text": "reporting that Netanyahu and MSAD were"}, {"start": "00:03:40", "end": "00:03:46", "text": "running a White House situation room in"}, {"start": "00:03:43", "end": "00:03:48", "text": "February to essentially push Trump into"}, {"start": "00:03:46", "end": "00:03:52", "text": "this. And it goes into all things"}, {"start": "00:03:48", "end": "00:03:55", "text": "including that Trump sat down instead of"}, {"start": "00:03:52", "end": "00:03:58", "text": "at the head of a table almost in a"}, {"start": "00:03:55", "end": "00:04:01", "text": "presentation like scenario where he was"}, {"start": "00:03:58", "end": "00:04:03", "text": "just like another participant in this"}, {"start": "00:04:01", "end": "00:04:06", "text": "presentation that was going on. This"}, {"start": "00:04:03", "end": "00:04:08", "text": "absolutely blew me away is that this"}, {"start": "00:04:06", "end": "00:04:11", "text": "kind of shows the power that we are"}, {"start": "00:04:08", "end": "00:04:13", "text": "seeing right now around what Israel has"}, {"start": "00:04:11", "end": "00:04:15", "text": "and Apac in general has over this"}, {"start": "00:04:13", "end": "00:04:16", "text": "administration and I think all of DC in"}, {"start": "00:04:15", "end": "00:04:18", "text": "general. It's not just this"}, {"start": "00:04:16", "end": "00:04:20", "text": "administration. We are talking about"}, {"start": "00:04:18", "end": "00:04:23", "text": "pretty much all of DC. The other thing"}, {"start": "00:04:20", "end": "00:04:26", "text": "that plays into this is where are we"}, {"start": "00:04:23", "end": "00:04:28", "text": "heading if Netanyahu is actually doing"}, {"start": "00:04:26", "end": "00:04:30", "text": "this accusation which is trying to"}, {"start": "00:04:28", "end": "00:04:32", "text": "sabotage the ceasefire. I mean, if you"}, {"start": "00:04:30", "end": "00:04:34", "text": "look at it, you would almost assume that"}, {"start": "00:04:32", "end": "00:04:36", "text": "because the ceasefire was in underway."}, {"start": "00:04:34", "end": "00:04:39", "text": "Lebanon was thrown in uh to that"}, {"start": "00:04:36", "end": "00:04:41", "text": "ceasefire requirement and of course"}, {"start": "00:04:39", "end": "00:04:44", "text": "Israel was bombing in Lebanon. So, this"}, {"start": "00:04:41", "end": "00:04:46", "text": "of course continues to push forward."}, {"start": "00:04:44", "end": "00:04:48", "text": "Now, one thing that this does do that's"}, {"start": "00:04:46", "end": "00:04:50", "text": "kind of interesting to me is it starts"}, {"start": "00:04:48", "end": "00:04:52", "text": "to separate the right. Now, this is"}, {"start": "00:04:50", "end": "00:04:54", "text": "something that we have already seen"}, {"start": "00:04:52", "end": "00:04:56", "text": "happening in the podcast wars. Tucker"}, {"start": "00:04:54", "end": "00:04:58", "text": "came out finally and I think positioned"}, {"start": "00:04:56", "end": "00:05:00", "text": "against Trump because of this. You've"}, {"start": "00:04:58", "end": "00:05:02", "text": "already seen quite a few people that"}, {"start": "00:05:00", "end": "00:05:04", "text": "were for Trump that have gone against"}, {"start": "00:05:02", "end": "00:05:05", "text": "them. Megan Kelly is one of them that"}, {"start": "00:05:04", "end": "00:05:07", "text": "had been holding strong. But listen to"}, {"start": "00:05:05", "end": "00:05:10", "text": "what she had to say."}, {"start": "00:05:07", "end": "00:05:12", "text": ">> And so what led Trump what at 79 years"}, {"start": "00:05:10", "end": "00:05:15", "text": "old to sit in there in that situation"}, {"start": "00:05:12", "end": "00:05:15", "text": "room when BB Netanyahu was seated as an"}, {"start": "00:05:15", "end": "00:05:16", "text": "equal?"}, {"start": "00:05:15", "end": "00:05:17", "text": ">> Yeah."}, {"start": "00:05:16", "end": "00:05:19", "text": ">> Trump didn't even sit at the head of the"}, {"start": "00:05:17", "end": "00:05:21", "text": "table. Trump sat at the side of the"}, {"start": "00:05:19", "end": "00:05:25", "text": "table and BB was across from him as an"}, {"start": "00:05:21", "end": "00:05:27", "text": "equal in the American situation room."}, {"start": "00:05:25", "end": "00:05:30", "text": "What led him to sit there and buy what"}, {"start": "00:05:27", "end": "00:05:33", "text": "that guy was selling hook, line, and"}, {"start": "00:05:30", "end": "00:05:37", "text": "sinker when every other president was"}, {"start": "00:05:33", "end": "00:05:39", "text": "able to see through that liar. So, I I"}, {"start": "00:05:37", "end": "00:05:40", "text": "don't know how we got here, Piers. I I'd"}, {"start": "00:05:39", "end": "00:05:41", "text": "like to know just as much as anybody"}, {"start": "00:05:40", "end": "00:05:43", "text": "else, but all I can think in my head"}, {"start": "00:05:41", "end": "00:05:46", "text": "based on what I've read in the paper is"}, {"start": "00:05:43", "end": "00:05:49", "text": "we got here thanks to BB Netanyahu,"}, {"start": "00:05:46", "end": "00:05:50", "text": "Lindsey Graham, and Mark Levvin, and and"}, {"start": "00:05:49", "end": "00:05:52", "text": "ultimately President Trump. That's not"}, {"start": "00:05:50", "end": "00:05:55", "text": "to take agency away from the president"}, {"start": "00:05:52", "end": "00:05:57", "text": "who was bamboozled."}, {"start": "00:05:55", "end": "00:05:59", "text": "I don't know why. He was too weak to say"}, {"start": "00:05:57", "end": "00:06:01", "text": "no. He was too gullible to see through"}, {"start": "00:05:59", "end": "00:06:05", "text": "the lies. One way or another, he allowed"}, {"start": "00:06:01", "end": "00:06:05", "text": "himself to be pushed into this insane"}, {"start": "00:06:05", "end": "00:06:07", "text": "conflict."}, {"start": "00:06:05", "end": "00:06:09", "text": ">> All right. So, I don't necessarily think"}, {"start": "00:06:07", "end": "00:06:11", "text": "that it's necessarily Trump that's doing"}, {"start": "00:06:09", "end": "00:06:13", "text": "that because I think his circle of"}, {"start": "00:06:11", "end": "00:06:15", "text": "trusted adviserss is who he's really"}, {"start": "00:06:13", "end": "00:06:17", "text": "depending on. Those though I feel are"}, {"start": "00:06:15", "end": "00:06:19", "text": "the ones that are being got to whether"}, {"start": "00:06:17", "end": "00:06:22", "text": "that is from Mossad, Israel, whoever it"}, {"start": "00:06:19", "end": "00:06:24", "text": "may be that is influencing that group"}, {"start": "00:06:22", "end": "00:06:26", "text": "who does have the ear of the president"}, {"start": "00:06:24", "end": "00:06:28", "text": "and I think those are the ones he touch"}, {"start": "00:06:26", "end": "00:06:30", "text": "trust and of course he does get a"}, {"start": "00:06:28", "end": "00:06:32", "text": "certain amount of input from all global"}, {"start": "00:06:30", "end": "00:06:35", "text": "leaders but he also takes that right"}, {"start": "00:06:32", "end": "00:06:36", "text": "back to that circle and I think this is"}, {"start": "00:06:35", "end": "00:06:38", "text": "the thing that we're dealing with. So"}, {"start": "00:06:36", "end": "00:06:40", "text": "where does this all play out into"}, {"start": "00:06:38", "end": "00:06:43", "text": "digital assets? Well, one of course we"}, {"start": "00:06:40", "end": "00:06:46", "text": "have already seen Iran accepting Bitcoin"}, {"start": "00:06:43", "end": "00:06:49", "text": "and other crypto assets in the straight"}, {"start": "00:06:46", "end": "00:06:52", "text": "and I think this exposes a much broader"}, {"start": "00:06:49", "end": "00:06:54", "text": "opportunity and when I say opportunity"}, {"start": "00:06:52", "end": "00:06:56", "text": "to play against the pro dollar. I want"}, {"start": "00:06:54", "end": "00:06:59", "text": "to play a clip that is Jim Rickards"}, {"start": "00:06:56", "end": "00:07:02", "text": "talking about this. Take a look. It was"}, {"start": "00:06:59", "end": "00:07:06", "text": "reported in the uh financial times that"}, {"start": "00:07:02", "end": "00:07:08", "text": "Iran um is charging this toll uh to pass"}, {"start": "00:07:06", "end": "00:07:10", "text": "through the straits of moose and I and"}, {"start": "00:07:08", "end": "00:07:12", "text": "again I would say that that tells you it"}, {"start": "00:07:10", "end": "00:07:15", "text": "tells me that Iran is in charge of the"}, {"start": "00:07:12", "end": "00:07:16", "text": "straight of moose. Uh the idea that I"}, {"start": "00:07:15", "end": "00:07:18", "text": "where's the US toll collector? Trump"}, {"start": "00:07:16", "end": "00:07:21", "text": "talked about it but that doesn't exist."}, {"start": "00:07:18", "end": "00:07:25", "text": "Now Iran is first they said $2 million"}, {"start": "00:07:21", "end": "00:07:29", "text": "per vessel. The latest version is $1 per"}, {"start": "00:07:25", "end": "00:07:31", "text": "barrel of oil. um you just calculate"}, {"start": "00:07:29", "end": "00:07:32", "text": "it's not hard to do but that they would"}, {"start": "00:07:31", "end": "00:07:34", "text": "take it in the cryptocurrency"}, {"start": "00:07:32", "end": "00:07:36", "text": "equivalent. Now they didn't say which"}, {"start": "00:07:34", "end": "00:07:38", "text": "cryptocurrency. A lot of people just say"}, {"start": "00:07:36", "end": "00:07:40", "text": "assume Bitcoin. They didn't say Bitcoin."}, {"start": "00:07:38", "end": "00:07:42", "text": "It could be Bitcoin. It could be it"}, {"start": "00:07:40", "end": "00:07:43", "text": "could be Tether. It could be uh I mean"}, {"start": "00:07:42", "end": "00:07:46", "text": "you know Ripple a lot of"}, {"start": "00:07:43", "end": "00:07:48", "text": "cryptocurrencies out there. All right."}, {"start": "00:07:46", "end": "00:07:50", "text": "So as you say he's talking about Ripple"}, {"start": "00:07:48", "end": "00:07:51", "text": "as a potential currency that could be"}, {"start": "00:07:50", "end": "00:07:53", "text": "utilized. And that's the point I'm"}, {"start": "00:07:51", "end": "00:07:55", "text": "getting at is that this starts to really"}, {"start": "00:07:53", "end": "00:07:57", "text": "train the world is that these are"}, {"start": "00:07:55", "end": "00:07:59", "text": "alternatives going forward. And when you"}, {"start": "00:07:57", "end": "00:08:00", "text": "look at alternatives, you have to kind"}, {"start": "00:07:59", "end": "00:08:02", "text": "of consider some of the key crypto"}, {"start": "00:08:00", "end": "00:08:05", "text": "projects out there, including Ethereum"}, {"start": "00:08:02", "end": "00:08:08", "text": "and also including what will most likely"}, {"start": "00:08:05", "end": "00:08:10", "text": "happen with Ripple in general as well as"}, {"start": "00:08:08", "end": "00:08:13", "text": "Bitcoin. All of those are at least"}, {"start": "00:08:10", "end": "00:08:15", "text": "Ripple and and Ethereum high transaction"}, {"start": "00:08:13", "end": "00:08:17", "text": "throughput capable because if we do see"}, {"start": "00:08:15", "end": "00:08:19", "text": "this happening in the straight, could it"}, {"start": "00:08:17", "end": "00:08:21", "text": "happen in other places around the world?"}, {"start": "00:08:19", "end": "00:08:22", "text": "Absolutely it could. Other things that"}, {"start": "00:08:21", "end": "00:08:24", "text": "you have to kind of look at that kind of"}, {"start": "00:08:22", "end": "00:08:27", "text": "connect the dots here because remember"}, {"start": "00:08:24", "end": "00:08:28", "text": "the Epstein files. Well, you got a few"}, {"start": "00:08:27", "end": "00:08:31", "text": "things that happened in the Epstein"}, {"start": "00:08:28", "end": "00:08:34", "text": "files. Ripple was identified in there,"}, {"start": "00:08:31", "end": "00:08:37", "text": "but not as a friend, as a foe. And it"}, {"start": "00:08:34", "end": "00:08:40", "text": "said Ripple and Jed's new stellar are"}, {"start": "00:08:37", "end": "00:08:42", "text": "bad for the ecosystem we are building."}, {"start": "00:08:40", "end": "00:08:44", "text": "And it does not and it does our company"}, {"start": "00:08:42", "end": "00:08:46", "text": "damage to have investors who are backing"}, {"start": "00:08:44", "end": "00:08:47", "text": "two horses in the same race. Basically"}, {"start": "00:08:46", "end": "00:08:50", "text": "what they were talking about was what"}, {"start": "00:08:47", "end": "00:08:52", "text": "was happening within Bitcoin and of"}, {"start": "00:08:50", "end": "00:08:54", "text": "course Ripple on the other side which"}, {"start": "00:08:52", "end": "00:08:55", "text": "was against them. And that I think is"}, {"start": "00:08:54", "end": "00:08:57", "text": "why we continue to see because remember"}, {"start": "00:08:55", "end": "00:08:59", "text": "whether you'd like to hear this or not"}, {"start": "00:08:57", "end": "00:09:02", "text": "we know that Epstein was MSAD. He had to"}, {"start": "00:08:59", "end": "00:09:04", "text": "be there just no way around it. That of"}, {"start": "00:09:02", "end": "00:09:06", "text": "course pushes into all of this in terms"}, {"start": "00:09:04", "end": "00:09:08", "text": "of connecting crypto. Where this"}, {"start": "00:09:06", "end": "00:09:11", "text": "connects is right here. This is an"}, {"start": "00:09:08", "end": "00:09:14", "text": "interesting uh tweet here by Ted"}, {"start": "00:09:11", "end": "00:09:17", "text": "and it's basically this strange"}, {"start": "00:09:14", "end": "00:09:20", "text": "coincidence. The war in February 2022,"}, {"start": "00:09:17", "end": "00:09:21", "text": "Ukraine war starts, Bitcoin bottoms,"}, {"start": "00:09:20", "end": "00:09:23", "text": "same day started going up. Four weeks"}, {"start": "00:09:21", "end": "00:09:24", "text": "later, Russia says, \"Hey, we're going to"}, {"start": "00:09:23", "end": "00:09:27", "text": "take Bitcoin. We'll do that. Sound"}, {"start": "00:09:24", "end": "00:09:28", "text": "familiar?\" And then markets go euphor"}, {"start": "00:09:27", "end": "00:09:31", "text": "euphoric and then of course Bitcoin goes"}, {"start": "00:09:28", "end": "00:09:34", "text": "up above 48K. Soon Bitcoin peaks and"}, {"start": "00:09:31", "end": "00:09:37", "text": "then dumps 50% of new market. That's all"}, {"start": "00:09:34", "end": "00:09:39", "text": "possible right now. The difference is"}, {"start": "00:09:37", "end": "00:09:42", "text": "that I think now people are seeing"}, {"start": "00:09:39", "end": "00:09:43", "text": "global leaders all sorts of companies"}, {"start": "00:09:42", "end": "00:09:46", "text": "are probably starting to see wait a"}, {"start": "00:09:43", "end": "00:09:48", "text": "minute on the if we can exact tolls what"}, {"start": "00:09:46", "end": "00:09:49", "text": "we could do this in all sorts of"}, {"start": "00:09:48", "end": "00:09:52", "text": "different areas including tariffs"}, {"start": "00:09:49", "end": "00:09:54", "text": "including all sorts of funds that might"}, {"start": "00:09:52", "end": "00:09:56", "text": "go into trade all sorts of things that"}, {"start": "00:09:54", "end": "00:09:58", "text": "start to push away from the dollar and"}, {"start": "00:09:56", "end": "00:10:01", "text": "with that you have to look at this right"}, {"start": "00:09:58", "end": "00:10:03", "text": "here Trump is doing one thing that I"}, {"start": "00:10:01", "end": "00:10:05", "text": "think has to be cancelled and that is"}, {"start": "00:10:03", "end": "00:10:08", "text": "this memecoin conference this is getting"}, {"start": "00:10:05", "end": "00:10:10", "text": "serious. We We need to push that out of"}, {"start": "00:10:08", "end": "00:10:12", "text": "the way at Mara Lago. Get that out of"}, {"start": "00:10:10", "end": "00:10:14", "text": "here and focus on what's happening right"}, {"start": "00:10:12", "end": "00:10:16", "text": "now in the Middle East. Get this"}, {"start": "00:10:14", "end": "00:10:18", "text": "shutdown and move on because I think we"}, {"start": "00:10:16", "end": "00:10:19", "text": "are facing a very very big issue. And I"}, {"start": "00:10:18", "end": "00:10:21", "text": "don't know if you guys have been"}, {"start": "00:10:19", "end": "00:10:23", "text": "following the GDP numbers, those"}, {"start": "00:10:21", "end": "00:10:25", "text": "themselves in terms of missing GDP that"}, {"start": "00:10:23", "end": "00:10:27", "text": "starts to really correlate to a"}, {"start": "00:10:25", "end": "00:10:29", "text": "completely different economic situation"}, {"start": "00:10:27", "end": "00:10:31", "text": "here in the United States. Now I want to"}, {"start": "00:10:29", "end": "00:10:33", "text": "go to a quick clip because this is"}, {"start": "00:10:31", "end": "00:10:35", "text": "talking about why everything that's"}, {"start": "00:10:33", "end": "00:10:38", "text": "happening over there is affecting the"}, {"start": "00:10:35", "end": "00:10:40", "text": "economy here. Take a look at this."}, {"start": "00:10:38", "end": "00:10:42", "text": ">> Pakistan in-person peace talks and this"}, {"start": "00:10:40", "end": "00:10:44", "text": "is what the table is going to look like"}, {"start": "00:10:42", "end": "00:10:46", "text": "for what could be JD Vance's biggest"}, {"start": "00:10:44", "end": "00:10:48", "text": "assignment yet as vice president. He"}, {"start": "00:10:46", "end": "00:10:50", "text": "will be there. Steve Witoff, the special"}, {"start": "00:10:48", "end": "00:10:52", "text": "envoy will be there. Jared Kushner,"}, {"start": "00:10:50", "end": "00:10:54", "text": "another special envoy will be there on"}, {"start": "00:10:52", "end": "00:10:56", "text": "the US side. On the Iran side, you've"}, {"start": "00:10:54", "end": "00:10:57", "text": "got the parliament speaker who has been"}, {"start": "00:10:56", "end": "00:11:00", "text": "talking to President Trump, Muhammad"}, {"start": "00:10:57", "end": "00:11:03", "text": "Bagger Galabaf, and then Abbas Aragi,"}, {"start": "00:11:00", "end": "00:11:06", "text": "the foreign minister. Officials here are"}, {"start": "00:11:03", "end": "00:11:08", "text": "not negotiating in public about which"}, {"start": "00:11:06", "end": "00:11:10", "text": "points have to stay, which points have"}, {"start": "00:11:08", "end": "00:11:12", "text": "to go to end this military campaign in"}, {"start": "00:11:10", "end": "00:11:14", "text": "the Middle East. But it is very notable"}, {"start": "00:11:12", "end": "00:11:16", "text": "both here at the White House and at the"}, {"start": "00:11:14", "end": "00:11:19", "text": "Pentagon, officials are starting to"}, {"start": "00:11:16", "end": "00:11:21", "text": "refer to Epic Fury in the past tense,"}, {"start": "00:11:19", "end": "00:11:23", "text": "something that happened, something that"}, {"start": "00:11:21", "end": "00:11:25", "text": "uh was very effective."}, {"start": "00:11:23", "end": "00:11:27", "text": ">> All right, so I like that statement."}, {"start": "00:11:25", "end": "00:11:30", "text": "Past tense gives me some indicator that"}, {"start": "00:11:27", "end": "00:11:33", "text": "maybe they're already forecasting that"}, {"start": "00:11:30", "end": "00:11:34", "text": "this is going to get done. There's an"}, {"start": "00:11:33", "end": "00:11:38", "text": "interesting statement here on Poly"}, {"start": "00:11:34", "end": "00:11:40", "text": "Market talking about Iran versus a real"}, {"start": "00:11:38", "end": "00:11:41", "text": "Israel and the US conflict ending by a"}, {"start": "00:11:40", "end": "00:11:43", "text": "certain date. And if you look at the"}, {"start": "00:11:41", "end": "00:11:46", "text": "April 15th numbers, let me zoom in on"}, {"start": "00:11:43", "end": "00:11:49", "text": "that for you guys. April 15th spikes up"}, {"start": "00:11:46", "end": "00:11:53", "text": "to 68% and this was, as you can see,"}, {"start": "00:11:49", "end": "00:11:54", "text": "around almost nothing on April 7th. Here"}, {"start": "00:11:53", "end": "00:11:59", "text": "we are, April 9th. Starts moving up."}, {"start": "00:11:54", "end": "00:12:01", "text": "Boom. 64 and now holding at 68%. So, is"}, {"start": "00:11:59", "end": "00:12:03", "text": "there something centered around that"}, {"start": "00:12:01", "end": "00:12:06", "text": "meeting that correlates to all of this?"}, {"start": "00:12:03", "end": "00:12:08", "text": "Now, once this happens, and it will,"}, {"start": "00:12:06", "end": "00:12:10", "text": "it's got to happen because this is"}, {"start": "00:12:08", "end": "00:12:12", "text": "affecting the economic condition not"}, {"start": "00:12:10", "end": "00:12:15", "text": "only of the US, but of almost all"}, {"start": "00:12:12", "end": "00:12:17", "text": "Western countries and including the"}, {"start": "00:12:15", "end": "00:12:19", "text": "situation even within China. Really,"}, {"start": "00:12:17", "end": "00:12:22", "text": "what you have to look at is when does"}, {"start": "00:12:19", "end": "00:12:25", "text": "the bottom come in and what happens"}, {"start": "00:12:22", "end": "00:12:27", "text": "then? Here's Tom Lee. Take a look."}, {"start": "00:12:25", "end": "00:12:30", "text": ">> Now, what for these markets? Uh, I think"}, {"start": "00:12:27", "end": "00:12:32", "text": "the bottom's in, Scott, because last"}, {"start": "00:12:30", "end": "00:12:34", "text": "week was a period where the war was"}, {"start": "00:12:32", "end": "00:12:36", "text": "getting worse and oil was going up, but"}, {"start": "00:12:34", "end": "00:12:38", "text": "stocks weren't going down. So, that's a"}, {"start": "00:12:36", "end": "00:12:40", "text": "good precondition. And today, now we"}, {"start": "00:12:38", "end": "00:12:42", "text": "have the rate of change that the war is"}, {"start": "00:12:40", "end": "00:12:44", "text": "deescalating. So, I I think stocks are"}, {"start": "00:12:42", "end": "00:12:46", "text": "now on the process to go back to their"}, {"start": "00:12:44", "end": "00:12:48", "text": "all-time highs and I think maybe get to"}, {"start": "00:12:46", "end": "00:12:51", "text": "that 7,300 that we were expecting this"}, {"start": "00:12:48", "end": "00:12:53", "text": "year. This war pulled for forward a lot"}, {"start": "00:12:51", "end": "00:12:56", "text": "of repositioning. You know, we know"}, {"start": "00:12:53", "end": "00:12:58", "text": "people have gone flat or raised cash uh"}, {"start": "00:12:56", "end": "00:13:00", "text": "and they were ready to own defensive"}, {"start": "00:12:58", "end": "00:13:02", "text": "positioning and we also had a rolling"}, {"start": "00:13:00", "end": "00:13:05", "text": "bare market last year in energy and"}, {"start": "00:13:02", "end": "00:13:09", "text": "financials and this year in MAG7 and"}, {"start": "00:13:05", "end": "00:13:10", "text": "software. So something like 70% of the"}, {"start": "00:13:09", "end": "00:13:12", "text": "S&P's already been through a rolling"}, {"start": "00:13:10", "end": "00:13:16", "text": "bare market. So I I think the"}, {"start": "00:13:12", "end": "00:13:18", "text": "possibility is that the summer lull that"}, {"start": "00:13:16", "end": "00:13:20", "text": "could happen won't be as deep because"}, {"start": "00:13:18", "end": "00:13:22", "text": "we've already fallen 8%."}, {"start": "00:13:20", "end": "00:13:25", "text": ">> All right. So one point to really"}, {"start": "00:13:22", "end": "00:13:28", "text": "understand here is that even though this"}, {"start": "00:13:25", "end": "00:13:31", "text": "war will eventually end, the likelihood"}, {"start": "00:13:28", "end": "00:13:33", "text": "is the follow-on effect on not only"}, {"start": "00:13:31", "end": "00:13:35", "text": "inflation but just in general energy"}, {"start": "00:13:33", "end": "00:13:38", "text": "costs around the world as well as supply"}, {"start": "00:13:35", "end": "00:13:41", "text": "chain disruptions that will happen. And"}, {"start": "00:13:38", "end": "00:13:43", "text": "with all of that still going on, there's"}, {"start": "00:13:41", "end": "00:13:45", "text": "only one play and that's going to be"}, {"start": "00:13:43", "end": "00:13:47", "text": "into assets. The dollar is going to"}, {"start": "00:13:45", "end": "00:13:50", "text": "continue I think to continue its"}, {"start": "00:13:47", "end": "00:13:53", "text": "downtrend and away from what we are"}, {"start": "00:13:50", "end": "00:13:56", "text": "going to see as the primary potential uh"}, {"start": "00:13:53", "end": "00:13:57", "text": "way to basically debase against that and"}, {"start": "00:13:56", "end": "00:14:00", "text": "that I think is going to be digital"}, {"start": "00:13:57", "end": "00:14:01", "text": "assets to a certain extent metals and I"}, {"start": "00:14:00", "end": "00:14:03", "text": "also see think that we are going to see"}, {"start": "00:14:01", "end": "00:14:04", "text": "some of that maybe in securities as"}, {"start": "00:14:03", "end": "00:14:06", "text": "well. So, this is all happening right"}, {"start": "00:14:04", "end": "00:14:10", "text": "now. We'll continue to cover this. Uh,"}, {"start": "00:14:06", "end": "00:14:10", "text": "things are getting heated."}, {"start": "00:14:14", "end": "00:14:18", "text": "If you like this video, hit like and"}, {"start": "00:14:16", "end": "00:14:20", "text": "subscribe. Drop a comment down below and"}, {"start": "00:14:18", "end": "00:14:24", "text": "also join our free private member group."}, {"start": "00:14:20", "end": "00:14:24", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The banks are blasting the White House"}, {"start": "00:00:02", "end": "00:00:06", "text": "today and going after a whole new layer"}, {"start": "00:00:04", "end": "00:00:08", "text": "of FUD. We're going to break it all down"}, {"start": "00:00:06", "end": "00:00:09", "text": "for you. I do want to thank our sponsor"}, {"start": "00:00:08", "end": "00:00:11", "text": "that is Tandem. This is where you get"}, {"start": "00:00:09", "end": "00:00:13", "text": "into self-custody and is one of the best"}, {"start": "00:00:11", "end": "00:00:15", "text": "things you can do in crypto right now."}, {"start": "00:00:13", "end": "00:00:17", "text": "If you're not doing it, you should take"}, {"start": "00:00:15", "end": "00:00:19", "text": "time, just stop what you're doing. Go"}, {"start": "00:00:17", "end": "00:00:22", "text": "over to tandem.com right now and get"}, {"start": "00:00:19", "end": "00:00:25", "text": "your own wallet. It is one of the best"}, {"start": "00:00:22", "end": "00:00:27", "text": "ways to control your own crypto. And"}, {"start": "00:00:25", "end": "00:00:28", "text": "this is true ownership, guys. It works"}, {"start": "00:00:27", "end": "00:00:31", "text": "with your phone like a little credit"}, {"start": "00:00:28", "end": "00:00:33", "text": "card. Very easy to set up, super secure,"}, {"start": "00:00:31", "end": "00:00:35", "text": "and of course, not that expensive"}, {"start": "00:00:33", "end": "00:00:36", "text": "either. Just hit the buy tangent button."}, {"start": "00:00:35", "end": "00:00:38", "text": "You're going to be able to get a three"}, {"start": "00:00:36", "end": "00:00:40", "text": "card set, get some bonuses, get some"}, {"start": "00:00:38", "end": "00:00:42", "text": "discounts, and use our link that'll help"}, {"start": "00:00:40", "end": "00:00:45", "text": "you out. So, get going over there."}, {"start": "00:00:42", "end": "00:00:47", "text": "Listen, this is starting all again. One"}, {"start": "00:00:45", "end": "00:00:49", "text": "of the things that Eleanor Terret hit on"}, {"start": "00:00:47", "end": "00:00:51", "text": "was the uh White House report. We"}, {"start": "00:00:49", "end": "00:00:52", "text": "reported on this early in the week, but"}, {"start": "00:00:51", "end": "00:00:54", "text": "people are saying now from the bank"}, {"start": "00:00:52", "end": "00:00:56", "text": "side, hey, they missed the the mark"}, {"start": "00:00:54", "end": "00:00:58", "text": "here. Bankers say this has never been"}, {"start": "00:00:56", "end": "00:01:00", "text": "about simply needing more deposits to"}, {"start": "00:00:58", "end": "00:01:03", "text": "lend. It's about outflows particularly"}, {"start": "00:01:00", "end": "00:01:05", "text": "from smaller institutions. That was all"}, {"start": "00:01:03", "end": "00:01:07", "text": "addressed in the report. They're just"}, {"start": "00:01:05", "end": "00:01:08", "text": "trying to sidestep the real source here."}, {"start": "00:01:07", "end": "00:01:11", "text": "And of course, the other source noted"}, {"start": "00:01:08", "end": "00:01:14", "text": "that deposits don't move onetoone. I"}, {"start": "00:01:11", "end": "00:01:17", "text": "think that is also debunked in the"}, {"start": "00:01:14", "end": "00:01:19", "text": "report and this is what concerns me the"}, {"start": "00:01:17", "end": "00:01:22", "text": "most. More to come on that front. I"}, {"start": "00:01:19", "end": "00:01:24", "text": "think they are going to mount an"}, {"start": "00:01:22", "end": "00:01:26", "text": "alternate FUD campaign to counteract"}, {"start": "00:01:24", "end": "00:01:29", "text": "what the White House put out. And just"}, {"start": "00:01:26", "end": "00:01:32", "text": "remember this report was not a slouch"}, {"start": "00:01:29", "end": "00:01:35", "text": "report. They went into all sorts of"}, {"start": "00:01:32", "end": "00:01:37", "text": "trying to understand. This is the math"}, {"start": "00:01:35", "end": "00:01:38", "text": "inside the report guys. This is just to"}, {"start": "00:01:37", "end": "00:01:41", "text": "show you the amount of depth that this"}, {"start": "00:01:38", "end": "00:01:45", "text": "went into. This was economists from all"}, {"start": "00:01:41", "end": "00:01:47", "text": "over the uh ecosystem out there. not"}, {"start": "00:01:45", "end": "00:01:49", "text": "just White House economists, but this"}, {"start": "00:01:47", "end": "00:01:51", "text": "guy Pierre Yurard, who is the active"}, {"start": "00:01:49", "end": "00:01:53", "text": "chair of Council of Economic Advisors,"}, {"start": "00:01:51", "end": "00:01:56", "text": "along with a whole slew of chief"}, {"start": "00:01:53", "end": "00:01:59", "text": "economists that were driven out of UCLA,"}, {"start": "00:01:56", "end": "00:02:02", "text": "many other uh universities. And this is"}, {"start": "00:01:59", "end": "00:02:04", "text": "the point I'm getting at. This was well"}, {"start": "00:02:02", "end": "00:02:06", "text": "researched, welldeveloped. It's just"}, {"start": "00:02:04", "end": "00:02:08", "text": "that the banks don't like it because it"}, {"start": "00:02:06", "end": "00:02:10", "text": "does not prove their point, which is"}, {"start": "00:02:08", "end": "00:02:12", "text": "that there's going to be deposit flight."}, {"start": "00:02:10", "end": "00:02:15", "text": "Now, I have something at the end of the"}, {"start": "00:02:12", "end": "00:02:17", "text": "show today that is going to reveal that"}, {"start": "00:02:15", "end": "00:02:19", "text": "if there is deposit flight, it's going"}, {"start": "00:02:17", "end": "00:02:20", "text": "to be because of this. Watch here in a"}, {"start": "00:02:19", "end": "00:02:23", "text": "minute. We'll kind of break it down."}, {"start": "00:02:20", "end": "00:02:25", "text": "Here's another one right here. This was"}, {"start": "00:02:23", "end": "00:02:28", "text": "Jonathan Kerbat. This is Kerat. This is"}, {"start": "00:02:25", "end": "00:02:30", "text": "the guys over at uh Robin Hood. They"}, {"start": "00:02:28", "end": "00:02:32", "text": "also supported this. So, that tells me"}, {"start": "00:02:30", "end": "00:02:35", "text": "something is starting to get very"}, {"start": "00:02:32", "end": "00:02:37", "text": "definitive about this. One last thing"}, {"start": "00:02:35", "end": "00:02:39", "text": "that was said in by Scott Bessant was"}, {"start": "00:02:37", "end": "00:02:43", "text": "this statement right here. I'll zoom in"}, {"start": "00:02:39", "end": "00:02:45", "text": "on this. Economic security is a national"}, {"start": "00:02:43", "end": "00:02:46", "text": "security and it's the cornerstone of"}, {"start": "00:02:45", "end": "00:02:48", "text": "clarity. That's one of the biggest"}, {"start": "00:02:46", "end": "00:02:50", "text": "things that he started to put. This is"}, {"start": "00:02:48", "end": "00:02:51", "text": "in reference to an op-ed he did over on"}, {"start": "00:02:50", "end": "00:02:53", "text": "the Wall Street Journal. The other thing"}, {"start": "00:02:51", "end": "00:02:55", "text": "he hit on was this right here to secure"}, {"start": "00:02:53", "end": "00:02:58", "text": "and domestically develop. This is in"}, {"start": "00:02:55", "end": "00:03:00", "text": "reference to American corporations and"}, {"start": "00:02:58", "end": "00:03:02", "text": "entrepreneurs"}, {"start": "00:03:00", "end": "00:03:05", "text": "developers to build on this. Think about"}, {"start": "00:03:02", "end": "00:03:06", "text": "it. If you want all the best AI"}, {"start": "00:03:05", "end": "00:03:08", "text": "engineers, you're going to build the"}, {"start": "00:03:06", "end": "00:03:10", "text": "best AI regulation. If you want all the"}, {"start": "00:03:08", "end": "00:03:12", "text": "best blockchain engineers, you want to"}, {"start": "00:03:10", "end": "00:03:15", "text": "build the regulation framework for all"}, {"start": "00:03:12", "end": "00:03:16", "text": "of that. Same thing worked in Silicon"}, {"start": "00:03:15", "end": "00:03:18", "text": "Valley in the early age of tech. That's"}, {"start": "00:03:16", "end": "00:03:20", "text": "the exact same situation that he's"}, {"start": "00:03:18", "end": "00:03:23", "text": "trying to fight against right now. So,"}, {"start": "00:03:20", "end": "00:03:25", "text": "so if we do get a bill, and remember"}, {"start": "00:03:23", "end": "00:03:27", "text": "this probably going to boil down to some"}, {"start": "00:03:25", "end": "00:03:29", "text": "sort of stipulation around getting"}, {"start": "00:03:27", "end": "00:03:31", "text": "yields and this was all built around the"}, {"start": "00:03:29", "end": "00:03:32", "text": "passive and the active. Passive meaning"}, {"start": "00:03:31", "end": "00:03:33", "text": "you're not doing anything, which is what"}, {"start": "00:03:32", "end": "00:03:36", "text": "you're doing right now, and you're"}, {"start": "00:03:33", "end": "00:03:37", "text": "earning yield. uh versus active which we"}, {"start": "00:03:36", "end": "00:03:40", "text": "don't know what that might mean just yet"}, {"start": "00:03:37", "end": "00:03:41", "text": "but because of that this is Evan Chang"}, {"start": "00:03:40", "end": "00:03:43", "text": "talking about maybe there are some"}, {"start": "00:03:41", "end": "00:03:44", "text": "clever ways to get around this take a"}, {"start": "00:03:43", "end": "00:03:46", "text": "look"}, {"start": "00:03:44", "end": "00:03:48", "text": ">> so we have to get creative smart people"}, {"start": "00:03:46", "end": "00:03:51", "text": "very creative people hopefully like"}, {"start": "00:03:48", "end": "00:03:53", "text": "ourself will find way of making use of"}, {"start": "00:03:51", "end": "00:03:56", "text": "it to build a better product for"}, {"start": "00:03:53", "end": "00:03:58", "text": "consumer and that really is always a"}, {"start": "00:03:56", "end": "00:04:01", "text": "burden on the challengers not the"}, {"start": "00:03:58", "end": "00:04:03", "text": "incumbent uh ultimately money velocity"}, {"start": "00:04:01", "end": "00:04:07", "text": "is on top of mind we're thinking about"}, {"start": "00:04:03", "end": "00:04:09", "text": "how you turn passive asset into active"}, {"start": "00:04:07", "end": "00:04:11", "text": "without going into details that the way"}, {"start": "00:04:09", "end": "00:04:13", "text": "you think about it. I think this is"}, {"start": "00:04:11", "end": "00:04:16", "text": "where the magic of crypto come in and"}, {"start": "00:04:13", "end": "00:04:18", "text": "there are hundreds other ways to make"}, {"start": "00:04:16", "end": "00:04:21", "text": "that that experience better and be"}, {"start": "00:04:18", "end": "00:04:22", "text": "beneficial to consumer. Uh this is top"}, {"start": "00:04:21", "end": "00:04:25", "text": "of mind. This is something we're we're"}, {"start": "00:04:22", "end": "00:04:27", "text": "actively working on. This is how we"}, {"start": "00:04:25", "end": "00:04:28", "text": "think about every product we launch."}, {"start": "00:04:27", "end": "00:04:30", "text": ">> All right. So he's talking about money"}, {"start": "00:04:28", "end": "00:04:33", "text": "velocity. If you look at the velocity of"}, {"start": "00:04:30", "end": "00:04:35", "text": "M2 right now, you could go back in here"}, {"start": "00:04:33", "end": "00:04:38", "text": "all the way back into the 90s and really"}, {"start": "00:04:35", "end": "00:04:41", "text": "to the top of the level there in 1997"}, {"start": "00:04:38", "end": "00:04:44", "text": "pre what we saw uh starting to break,"}, {"start": "00:04:41", "end": "00:04:45", "text": "but here's been the money velocity"}, {"start": "00:04:44", "end": "00:04:48", "text": "slowing and then all of a sudden"}, {"start": "00:04:45", "end": "00:04:50", "text": "starting to clip up. Many may say that"}, {"start": "00:04:48", "end": "00:04:52", "text": "might be because of stable coins, but"}, {"start": "00:04:50", "end": "00:04:55", "text": "the key is it is starting to track up"}, {"start": "00:04:52", "end": "00:04:56", "text": "again. similar and that's what Evan is"}, {"start": "00:04:55", "end": "00:04:59", "text": "getting at right there is velocity is"}, {"start": "00:04:56", "end": "00:05:01", "text": "probably going to be the secret uh I"}, {"start": "00:04:59", "end": "00:05:03", "text": "think the secret method in how yield is"}, {"start": "00:05:01", "end": "00:05:05", "text": "going to be earned suie also has been"}, {"start": "00:05:03", "end": "00:05:07", "text": "building some things around these uh"}, {"start": "00:05:05", "end": "00:05:09", "text": "kind of this velocity model and gasless"}, {"start": "00:05:07", "end": "00:05:13", "text": "has been the big one you'll notice right"}, {"start": "00:05:09", "end": "00:05:16", "text": "here more USD uh sooie usage more yield"}, {"start": "00:05:13", "end": "00:05:17", "text": "uh it's a loop most L1 stoco coins don't"}, {"start": "00:05:16", "end": "00:05:19", "text": "have so that is something and you're"}, {"start": "00:05:17", "end": "00:05:21", "text": "already seeing this at levels of"}, {"start": "00:05:19", "end": "00:05:22", "text": "Franklin Templeton Grayscale etc we're"}, {"start": "00:05:21", "end": "00:05:24", "text": "going to see more of this I think in"}, {"start": "00:05:22", "end": "00:05:27", "text": "terms of gas and what it means is"}, {"start": "00:05:24", "end": "00:05:29", "text": "getting down to zero in terms of cost."}, {"start": "00:05:27", "end": "00:05:31", "text": "So there's an example right there of"}, {"start": "00:05:29", "end": "00:05:34", "text": "sooie their gas was zero. So one of the"}, {"start": "00:05:31", "end": "00:05:36", "text": "things that Evan was hitting on on the"}, {"start": "00:05:34", "end": "00:05:38", "text": "clip that we just played is that when we"}, {"start": "00:05:36", "end": "00:05:41", "text": "get to this point of where speed is"}, {"start": "00:05:38", "end": "00:05:44", "text": "going to become everything low fees and"}, {"start": "00:05:41", "end": "00:05:46", "text": "instant availability is going to be key"}, {"start": "00:05:44", "end": "00:05:48", "text": "and that's what ETH and sweet are both"}, {"start": "00:05:46", "end": "00:05:51", "text": "working on. No withdrawal queue just an"}, {"start": "00:05:48", "end": "00:05:54", "text": "example there. Here's an example of swap"}, {"start": "00:05:51", "end": "00:05:55", "text": "supporting both and at zero fees."}, {"start": "00:05:54", "end": "00:05:58", "text": "Further into that, you kind of see it"}, {"start": "00:05:55", "end": "00:06:00", "text": "right here. All in one flow, zero fees"}, {"start": "00:05:58", "end": "00:06:01", "text": "on everything. And I think that's the"}, {"start": "00:06:00", "end": "00:06:04", "text": "only way that you're going to see the"}, {"start": "00:06:01", "end": "00:06:06", "text": "kind of acceleration, money, velocity"}, {"start": "00:06:04", "end": "00:06:08", "text": "that they're talking about, which does"}, {"start": "00:06:06", "end": "00:06:11", "text": "get into those creative models of how to"}, {"start": "00:06:08", "end": "00:06:13", "text": "earn yield. So, as you can imagine, AI"}, {"start": "00:06:11", "end": "00:06:16", "text": "agents all being able to get to this"}, {"start": "00:06:13", "end": "00:06:18", "text": "point, which is really low cost, very"}, {"start": "00:06:16", "end": "00:06:19", "text": "fast availability. And this is the point"}, {"start": "00:06:18", "end": "00:06:21", "text": "that we're dealing with right now."}, {"start": "00:06:19", "end": "00:06:24", "text": "Programmable capital flow just an"}, {"start": "00:06:21", "end": "00:06:26", "text": "example there of even SUI and USDC an"}, {"start": "00:06:24", "end": "00:06:29", "text": "example right there of how this is going"}, {"start": "00:06:26", "end": "00:06:31", "text": "to be done. The opportunity I think"}, {"start": "00:06:29", "end": "00:06:33", "text": "though really starts to spread out as we"}, {"start": "00:06:31", "end": "00:06:35", "text": "start to see the money flow coming in"}, {"start": "00:06:33", "end": "00:06:38", "text": "from all sorts of new places. I want to"}, {"start": "00:06:35", "end": "00:06:42", "text": "play a clip here from ETHC that"}, {"start": "00:06:38", "end": "00:06:44", "text": "announces the death of DAPs. Listen in."}, {"start": "00:06:42", "end": "00:06:47", "text": ">> One. We have 7702 and the Pectra upgrade"}, {"start": "00:06:44", "end": "00:06:49", "text": "that allow us to upgrade EOA accounts to"}, {"start": "00:06:47", "end": "00:06:53", "text": "smart accounts. And that has been"}, {"start": "00:06:49", "end": "00:06:55", "text": "brought together with 8004 and 8083"}, {"start": "00:06:53", "end": "00:06:58", "text": "to create things like registries of AI"}, {"start": "00:06:55", "end": "00:06:59", "text": "agents. Fantastic. And that are are way"}, {"start": "00:06:58", "end": "00:07:02", "text": "better than what we had even 3 months"}, {"start": "00:06:59", "end": "00:07:04", "text": "ago. DAPs do not work well on mobile."}, {"start": "00:07:02", "end": "00:07:06", "text": "It's not a problem of let's make the"}, {"start": "00:07:04", "end": "00:07:08", "text": "mobile wallet slightly better. uh we"}, {"start": "00:07:06", "end": "00:07:11", "text": "need completely new agentic interfaces"}, {"start": "00:07:08", "end": "00:07:13", "text": "for doing this as a product you see here"}, {"start": "00:07:11", "end": "00:07:16", "text": "on the right like let's swap some USDC"}, {"start": "00:07:13", "end": "00:07:19", "text": "for ETH uh when you do that it is not"}, {"start": "00:07:16", "end": "00:07:21", "text": "just a raw chat experience it is one"}, {"start": "00:07:19", "end": "00:07:24", "text": "that that that gives you uh familiar"}, {"start": "00:07:21", "end": "00:07:26", "text": "interfaces like a swap um anything that"}, {"start": "00:07:24", "end": "00:07:29", "text": "you can do with a DAP you can do through"}, {"start": "00:07:26", "end": "00:07:32", "text": "a single uh chat interface it completely"}, {"start": "00:07:29", "end": "00:07:34", "text": "replaces the DAP uh front end uh an"}, {"start": "00:07:32", "end": "00:07:37", "text": "example here uh you can you by the way"}, {"start": "00:07:34", "end": "00:07:39", "text": "we have a a uh a open claw or an agent"}, {"start": "00:07:37", "end": "00:07:42", "text": "skill that you can use with open claw or"}, {"start": "00:07:39", "end": "00:07:45", "text": "claw. The agent is making a proactive uh"}, {"start": "00:07:42", "end": "00:07:47", "text": "suggestion that the USDC a position is"}, {"start": "00:07:45", "end": "00:07:49", "text": "approaching liquidation. Do you want to"}, {"start": "00:07:47", "end": "00:07:52", "text": "add liquidity? A user could say"}, {"start": "00:07:49", "end": "00:07:54", "text": "something like sell all my meme coins to"}, {"start": "00:07:52", "end": "00:07:56", "text": "buy more ETH. And the agent then tries"}, {"start": "00:07:54", "end": "00:07:58", "text": "to figure out what are the meme coins in"}, {"start": "00:07:56", "end": "00:08:01", "text": "this user's wallet. So it comes back and"}, {"start": "00:07:58", "end": "00:08:03", "text": "it says uh your I think your meme coins"}, {"start": "00:08:01", "end": "00:08:05", "text": "are SHIB, Pepe, Brett, and Pingu. you"}, {"start": "00:08:03", "end": "00:08:08", "text": "want me to sell these for? The user"}, {"start": "00:08:05", "end": "00:08:10", "text": "approves that and an onchain um action"}, {"start": "00:08:08", "end": "00:08:11", "text": "happens. And it also means that you can"}, {"start": "00:08:10", "end": "00:08:13", "text": "bring your own frontends. From the"}, {"start": "00:08:11", "end": "00:08:15", "text": "developer side, we have the A00"}, {"start": "00:08:13", "end": "00:08:17", "text": "flywheel. You should register your"}, {"start": "00:08:15", "end": "00:08:18", "text": "agents in 8004. We're not going to be"}, {"start": "00:08:17", "end": "00:08:20", "text": "the best. Uh we're a general purpose"}, {"start": "00:08:18", "end": "00:08:23", "text": "agent at at every action you want to do."}, {"start": "00:08:20", "end": "00:08:25", "text": "So, and then our agent um aggregates"}, {"start": "00:08:23", "end": "00:08:28", "text": "those or your agent can also call our"}, {"start": "00:08:25", "end": "00:08:31", "text": "agent and use it for its own skills. Uh"}, {"start": "00:08:28", "end": "00:08:34", "text": "so, we are available today. Um, we"}, {"start": "00:08:31", "end": "00:08:36", "text": "launched uh this publicly two days ago."}, {"start": "00:08:34", "end": "00:08:37", "text": ">> All right. So, think about that because"}, {"start": "00:08:36", "end": "00:08:40", "text": "this is the creative function and we"}, {"start": "00:08:37", "end": "00:08:42", "text": "know AI is coming down the pipe. It"}, {"start": "00:08:40", "end": "00:08:44", "text": "looks like we're the banks are going to"}, {"start": "00:08:42", "end": "00:08:46", "text": "try to win this out, but I think that"}, {"start": "00:08:44", "end": "00:08:49", "text": "crypto is going to outsmart them on"}, {"start": "00:08:46", "end": "00:08:51", "text": "yields and it's all going to become a"}, {"start": "00:08:49", "end": "00:08:53", "text": "scenario where AI agents are looking for"}, {"start": "00:08:51", "end": "00:08:55", "text": "the best deals, fastest deals. All of"}, {"start": "00:08:53", "end": "00:08:58", "text": "this lays into right where Ethereum is"}, {"start": "00:08:55", "end": "00:09:00", "text": "going. And if you look at that, so where"}, {"start": "00:08:58", "end": "00:09:02", "text": "does this all play? Well, it boils down"}, {"start": "00:09:00", "end": "00:09:04", "text": "to that the banks are full of it. Uh"}, {"start": "00:09:02", "end": "00:09:06", "text": "I've got a clip from Pierre Yarred, who"}, {"start": "00:09:04", "end": "00:09:08", "text": "is the guy who wrote the report uh by"}, {"start": "00:09:06", "end": "00:09:10", "text": "the White House and coordinated all"}, {"start": "00:09:08", "end": "00:09:12", "text": "those economists to get this done."}, {"start": "00:09:10", "end": "00:09:14", "text": "Here's what he had to say."}, {"start": "00:09:12", "end": "00:09:16", "text": ">> Well, and if what Ragu says is true in"}, {"start": "00:09:14", "end": "00:09:19", "text": "terms of stable coins being an important"}, {"start": "00:09:16", "end": "00:09:21", "text": "rail of um an agentic world, um my next"}, {"start": "00:09:19", "end": "00:09:23", "text": "question for you comes to the market"}, {"start": "00:09:21", "end": "00:09:26", "text": "structure bill. Um what is going on with"}, {"start": "00:09:23", "end": "00:09:27", "text": "the yield issue and what's it going to"}, {"start": "00:09:26", "end": "00:09:29", "text": "take to unlock this?"}, {"start": "00:09:27", "end": "00:09:31", "text": ">> Great. There's a lot of uh confusion on"}, {"start": "00:09:29", "end": "00:09:34", "text": "this yield issue and some of that"}, {"start": "00:09:31", "end": "00:09:37", "text": "confusion stems from thinking about uh"}, {"start": "00:09:34", "end": "00:09:39", "text": "stable coin yield uh and its impact on"}, {"start": "00:09:37", "end": "00:09:40", "text": "deposits using mic microeconomic"}, {"start": "00:09:39", "end": "00:09:42", "text": "frameworks versus macroeconomic"}, {"start": "00:09:40", "end": "00:09:44", "text": "frameworks. And what's true in a"}, {"start": "00:09:42", "end": "00:09:46", "text": "macroeconomic framework is that deposits"}, {"start": "00:09:44", "end": "00:09:49", "text": "cannot possibly leave a system. Any"}, {"start": "00:09:46", "end": "00:09:51", "text": "deposit that gets taken out uh comes"}, {"start": "00:09:49", "end": "00:09:54", "text": "back in. It all flows back in. And so"}, {"start": "00:09:51", "end": "00:09:57", "text": "once you recognize that insight, then"}, {"start": "00:09:54", "end": "00:10:00", "text": "you realize that this fear of deposit"}, {"start": "00:09:57", "end": "00:10:01", "text": "flight is is completely unfounded. Uh"}, {"start": "00:10:00", "end": "00:10:04", "text": "from what we've gathered is that those"}, {"start": "00:10:01", "end": "00:10:06", "text": "effects on loans are are minimal. So in"}, {"start": "00:10:04", "end": "00:10:08", "text": "fact, what it looks like is that the"}, {"start": "00:10:06", "end": "00:10:10", "text": "effects on the banking system are small."}, {"start": "00:10:08", "end": "00:10:12", "text": "The effects on on stable coin adoption"}, {"start": "00:10:10", "end": "00:10:15", "text": "could be potentially large depending on"}, {"start": "00:10:12", "end": "00:10:17", "text": "where uh this this uh yield question"}, {"start": "00:10:15", "end": "00:10:19", "text": "falls. The last thing I'll say is that"}, {"start": "00:10:17", "end": "00:10:20", "text": "on when it comes to community banks,"}, {"start": "00:10:19", "end": "00:10:23", "text": "community banks are probably the the"}, {"start": "00:10:20", "end": "00:10:25", "text": "least likely to experience any kind of"}, {"start": "00:10:23", "end": "00:10:27", "text": "deposit flight because those banks are"}, {"start": "00:10:25", "end": "00:10:30", "text": "are built on uh long run uh"}, {"start": "00:10:27", "end": "00:10:32", "text": "relationships with local businesses that"}, {"start": "00:10:30", "end": "00:10:33", "text": "are both depositing and borrowing. And"}, {"start": "00:10:32", "end": "00:10:35", "text": "so if there was a reshuffleling of"}, {"start": "00:10:33", "end": "00:10:36", "text": "deposits across the system, we would"}, {"start": "00:10:35", "end": "00:10:38", "text": "anticipate that the community banks"}, {"start": "00:10:36", "end": "00:10:39", "text": "would be the most immune to those that"}, {"start": "00:10:38", "end": "00:10:40", "text": "type of reshuffleling."}, {"start": "00:10:39", "end": "00:10:42", "text": ">> The good thing the White House is a"}, {"start": "00:10:40", "end": "00:10:44", "text": "professor in that seat. Hopefully, you"}, {"start": "00:10:42", "end": "00:10:46", "text": "can get on the road and help the small"}, {"start": "00:10:44", "end": "00:10:49", "text": "the small community banks learn."}, {"start": "00:10:46", "end": "00:10:53", "text": ">> All right, so it is clear we have Egon"}, {"start": "00:10:49", "end": "00:10:55", "text": "on the case and he's going to flash some"}, {"start": "00:10:53", "end": "00:10:58", "text": "bank FUD down, I think. Uh, doesn't that"}, {"start": "00:10:55", "end": "00:11:00", "text": "guy look like Egon? Yeah, he does. All"}, {"start": "00:10:58", "end": "00:11:02", "text": "right. So the point being here guys is"}, {"start": "00:11:00", "end": "00:11:03", "text": "that and I wonder you know when you look"}, {"start": "00:11:02", "end": "00:11:06", "text": "at the immediate impact of where the"}, {"start": "00:11:03", "end": "00:11:08", "text": "banks are going to be hit here and"}, {"start": "00:11:06", "end": "00:11:10", "text": "whether or not we're going to see a"}, {"start": "00:11:08", "end": "00:11:11", "text": "transition of wealth. I think that's the"}, {"start": "00:11:10", "end": "00:11:14", "text": "big factor you have to kind of compare"}, {"start": "00:11:11", "end": "00:11:16", "text": "to in the near future or over the next"}, {"start": "00:11:14", "end": "00:11:18", "text": "few years. Look at the projected"}, {"start": "00:11:16", "end": "00:11:22", "text": "adjusted stable coin transaction volume."}, {"start": "00:11:18", "end": "00:11:24", "text": "This is 2023 to 2025. And I want to zoom"}, {"start": "00:11:22", "end": "00:11:27", "text": "in on a few of these. There is where we"}, {"start": "00:11:24", "end": "00:11:29", "text": "are now. uh about 28 trillion adjusted"}, {"start": "00:11:27", "end": "00:11:32", "text": "table coin volume. Gen Z millennial uh"}, {"start": "00:11:29", "end": "00:11:34", "text": "majority now wealth transfer begins is"}, {"start": "00:11:32", "end": "00:11:36", "text": "somewhere around 2028. You'll notice the"}, {"start": "00:11:34", "end": "00:11:38", "text": "separation."}, {"start": "00:11:36", "end": "00:11:40", "text": "All you have to think about is when you"}, {"start": "00:11:38", "end": "00:11:44", "text": "look at 2032 crypto merchant services"}, {"start": "00:11:40", "end": "00:11:47", "text": "reach Visa scale that is when Visa goes"}, {"start": "00:11:44", "end": "00:11:49", "text": "bye-bye. And I think when you look at"}, {"start": "00:11:47", "end": "00:11:51", "text": "that and compare it to this right here"}, {"start": "00:11:49", "end": "00:11:53", "text": "which is the adjusted stable coin"}, {"start": "00:11:51", "end": "00:11:55", "text": "transaction volume. Take a look at this"}, {"start": "00:11:53", "end": "00:11:58", "text": "right here. This is Gen Z millennial,"}, {"start": "00:11:55", "end": "00:12:01", "text": "Gen Z in blue, Gen Z or excuse me, Gen X"}, {"start": "00:11:58", "end": "00:12:02", "text": "and Boomer in orange. This is the"}, {"start": "00:12:01", "end": "00:12:06", "text": "intersection of where that money starts"}, {"start": "00:12:02", "end": "00:12:08", "text": "to change hands. And when that occurs is"}, {"start": "00:12:06", "end": "00:12:10", "text": "in 2028,"}, {"start": "00:12:08", "end": "00:12:13", "text": "cryptonative population becomes the"}, {"start": "00:12:10", "end": "00:12:15", "text": "majority. In 2028, in two years, that's"}, {"start": "00:12:13", "end": "00:12:17", "text": "when it would occur. Now, granted, it"}, {"start": "00:12:15", "end": "00:12:19", "text": "will be very much even all the way up to"}, {"start": "00:12:17", "end": "00:12:22", "text": "around 2032. I don't think it's much of"}, {"start": "00:12:19", "end": "00:12:25", "text": "an impact, but at that point, the spread"}, {"start": "00:12:22", "end": "00:12:28", "text": "starts happening. And by 2048, it is"}, {"start": "00:12:25", "end": "00:12:30", "text": "absolutely shifted to a digital and"}, {"start": "00:12:28", "end": "00:12:33", "text": "blockchain world. Guys, we are there. We"}, {"start": "00:12:30", "end": "00:12:36", "text": "are finally there. And the banks cannot"}, {"start": "00:12:33", "end": "00:12:40", "text": "stop this. As Lyn Alden would say,"}, {"start": "00:12:36", "end": "00:12:40", "text": "there's no stopping this train."}, {"start": "00:12:44", "end": "00:12:48", "text": "If you like this video, hit like and"}, {"start": "00:12:46", "end": "00:12:50", "text": "subscribe. Drop a comment down below and"}, {"start": "00:12:48", "end": "00:12:54", "text": "also join our free private member group."}, {"start": "00:12:50", "end": "00:12:54", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Caution is obviously always warranted"}, {"start": "00:00:02", "end": "00:00:05", "text": "everybody, but right now altcoins"}, {"start": "00:00:03", "end": "00:00:06", "text": "sitting at around a trillion dollars."}, {"start": "00:00:05", "end": "00:00:09", "text": "This is everything excluding Bitcoin are"}, {"start": "00:00:06", "end": "00:00:12", "text": "sitting at the most crucial oversold"}, {"start": "00:00:09", "end": "00:00:16", "text": "areas that they have in every cycle. And"}, {"start": "00:00:12", "end": "00:00:19", "text": "every cycle so far, this has been the"}, {"start": "00:00:16", "end": "00:00:22", "text": "bottom. That is not me saying that it is"}, {"start": "00:00:19", "end": "00:00:24", "text": "the prediction that the bottom is in"}, {"start": "00:00:22", "end": "00:00:27", "text": "that we're going to have another just"}, {"start": "00:00:24", "end": "00:00:29", "text": "like clockwork altcoin bull run. But"}, {"start": "00:00:27", "end": "00:00:31", "text": "what I am saying is this. If you are not"}, {"start": "00:00:29", "end": "00:00:34", "text": "at least prepared for what I'm about to"}, {"start": "00:00:31", "end": "00:00:36", "text": "show you, I think that's a bad idea. Be"}, {"start": "00:00:34", "end": "00:00:37", "text": "prepared for downside. Be prepared for a"}, {"start": "00:00:36", "end": "00:00:40", "text": "bottom of the bare market at the end of"}, {"start": "00:00:37", "end": "00:00:44", "text": "this year. But also be prepared that"}, {"start": "00:00:40", "end": "00:00:46", "text": "these indicators will remain consistent"}, {"start": "00:00:44", "end": "00:00:48", "text": "and maybe the bottom won't take till the"}, {"start": "00:00:46", "end": "00:00:50", "text": "end of the year. That's what I want to"}, {"start": "00:00:48", "end": "00:00:52", "text": "show you in this video. I want to start"}, {"start": "00:00:50", "end": "00:00:53", "text": "on the altcoin market cap chart."}, {"start": "00:00:52", "end": "00:00:54", "text": "Everything excluding Bitcoin. And I just"}, {"start": "00:00:53", "end": "00:00:56", "text": "want to show you something cuz what I"}, {"start": "00:00:54", "end": "00:00:59", "text": "just said is illustrated very nicely by"}, {"start": "00:00:56", "end": "00:01:02", "text": "saying, you know what, we just hit the"}, {"start": "00:00:59", "end": "00:01:03", "text": "200E moving average, a little bit of an"}, {"start": "00:01:02", "end": "00:01:07", "text": "uptrend. We want it to be the beginning"}, {"start": "00:01:03", "end": "00:01:09", "text": "of a nice upward trend on the long term."}, {"start": "00:01:07", "end": "00:01:12", "text": "The question is though, and this is"}, {"start": "00:01:09", "end": "00:01:15", "text": "where the the divisiveness"}, {"start": "00:01:12", "end": "00:01:18", "text": "in this space comes from. Are we here"}, {"start": "00:01:15", "end": "00:01:20", "text": "right in that the bottom is really"}, {"start": "00:01:18", "end": "00:01:22", "text": "nowhere near in. it's just the beginning"}, {"start": "00:01:20", "end": "00:01:26", "text": "and we have months and months and months"}, {"start": "00:01:22", "end": "00:01:29", "text": "of volatility and even another low or"}, {"start": "00:01:26", "end": "00:01:31", "text": "the question is are we just kind of"}, {"start": "00:01:29", "end": "00:01:33", "text": "somewhere like here and even from a"}, {"start": "00:01:31", "end": "00:01:35", "text": "cycle perspective because this was in"}, {"start": "00:01:33", "end": "00:01:37", "text": "the middle of a contracting business"}, {"start": "00:01:35", "end": "00:01:39", "text": "cycle right this was in the middle of"}, {"start": "00:01:37", "end": "00:01:41", "text": "quantitative tightening now we're out of"}, {"start": "00:01:39", "end": "00:01:43", "text": "that right PMI just ticked up you can"}, {"start": "00:01:41", "end": "00:01:45", "text": "see it right here ticking up"}, {"start": "00:01:43", "end": "00:01:46", "text": "quantitative tightening over are we"}, {"start": "00:01:45", "end": "00:01:48", "text": "getting support at the 200 week and"}, {"start": "00:01:46", "end": "00:01:49", "text": "we're going to actually get a really"}, {"start": "00:01:48", "end": "00:01:51", "text": "meaningful bounce bounce out of here"}, {"start": "00:01:49", "end": "00:01:54", "text": "into a new cycle. And that's the"}, {"start": "00:01:51", "end": "00:01:57", "text": "difference. Are we here or are we like"}, {"start": "00:01:54", "end": "00:01:58", "text": "right here? That's the question. And so"}, {"start": "00:01:57", "end": "00:01:59", "text": "I'm going to look at four different"}, {"start": "00:01:58", "end": "00:02:02", "text": "altcoins in this video. I want to start"}, {"start": "00:01:59", "end": "00:02:04", "text": "with Ethereum on Ethereum chart. There's"}, {"start": "00:02:02", "end": "00:02:06", "text": "just a fractal I want to present to you."}, {"start": "00:02:04", "end": "00:02:08", "text": "Again, it's not to predict anything."}, {"start": "00:02:06", "end": "00:02:11", "text": "It's just to get you thinking. I like"}, {"start": "00:02:08", "end": "00:02:12", "text": "doing these exercises. My whole point"}, {"start": "00:02:11", "end": "00:02:15", "text": "here in doing technical analysis for"}, {"start": "00:02:12", "end": "00:02:17", "text": "crypto, especially for myself, is just"}, {"start": "00:02:15", "end": "00:02:20", "text": "to visualize up visualize upside and"}, {"start": "00:02:17", "end": "00:02:21", "text": "downside. all of those scenarios. For"}, {"start": "00:02:20", "end": "00:02:23", "text": "downside, I always do the extreme. It"}, {"start": "00:02:21", "end": "00:02:26", "text": "could go to zero. It could fail. That"}, {"start": "00:02:23", "end": "00:02:28", "text": "helps me manage my risk. For upside,"}, {"start": "00:02:26", "end": "00:02:30", "text": "it's kind of similar thing, right? And"}, {"start": "00:02:28", "end": "00:02:33", "text": "for upside especially, I like to use"}, {"start": "00:02:30", "end": "00:02:36", "text": "visualization exercises. Fractals help a"}, {"start": "00:02:33", "end": "00:02:39", "text": "lot. But again, fractals are besides"}, {"start": "00:02:36", "end": "00:02:41", "text": "helping you visualize almost useless"}, {"start": "00:02:39", "end": "00:02:44", "text": "because we are in a different stage of"}, {"start": "00:02:41", "end": "00:02:46", "text": "the cycle than we were at any other"}, {"start": "00:02:44", "end": "00:02:48", "text": "fractal that you might come up with. But"}, {"start": "00:02:46", "end": "00:02:51", "text": "what I do want to show you is a similar"}, {"start": "00:02:48", "end": "00:02:54", "text": "structure on the daily on Ethereum back"}, {"start": "00:02:51", "end": "00:02:56", "text": "here. You can just see this kind of"}, {"start": "00:02:54", "end": "00:02:58", "text": "higher high, higher low move for"}, {"start": "00:02:56", "end": "00:03:00", "text": "Ethereum and then we got a nice"}, {"start": "00:02:58", "end": "00:03:03", "text": "breakout. And keep in mind this was"}, {"start": "00:03:00", "end": "00:03:05", "text": "November 2024 breakout. This was we all"}, {"start": "00:03:03", "end": "00:03:06", "text": "thought I mean I really do I don't want"}, {"start": "00:03:05", "end": "00:03:08", "text": "to say everybody maybe there were people"}, {"start": "00:03:06", "end": "00:03:10", "text": "that didn't but the industry thought"}, {"start": "00:03:08", "end": "00:03:11", "text": "this was the beginning of the bull"}, {"start": "00:03:10", "end": "00:03:13", "text": "market. We were getting hype about"}, {"start": "00:03:11", "end": "00:03:15", "text": "elections and just change"}, {"start": "00:03:13", "end": "00:03:18", "text": "administration. Gary Gendzer was not"}, {"start": "00:03:15", "end": "00:03:19", "text": "going to be in in charge anymore. We"}, {"start": "00:03:18", "end": "00:03:20", "text": "thought this was the beginning of"}, {"start": "00:03:19", "end": "00:03:23", "text": "altcoin season and just look how wrong"}, {"start": "00:03:20", "end": "00:03:26", "text": "that was. But the structure, if we look"}, {"start": "00:03:23", "end": "00:03:28", "text": "at it, we take a fractal to that move."}, {"start": "00:03:26", "end": "00:03:30", "text": "Check this out. Very similar structure."}, {"start": "00:03:28", "end": "00:03:33", "text": "The higher highs, higher lows right"}, {"start": "00:03:30", "end": "00:03:35", "text": "there. We zoom in and we see this"}, {"start": "00:03:33", "end": "00:03:37", "text": "similar structure playing out. So, what"}, {"start": "00:03:35", "end": "00:03:39", "text": "I'm very curious of is if Ethereum could"}, {"start": "00:03:37", "end": "00:03:42", "text": "make its way to the 200 day moving"}, {"start": "00:03:39", "end": "00:03:44", "text": "average. It's around $2,800. That's what"}, {"start": "00:03:42", "end": "00:03:46", "text": "I'm watching. while maintaining some"}, {"start": "00:03:44", "end": "00:03:48", "text": "type of support at this confluent area"}, {"start": "00:03:46", "end": "00:03:50", "text": "of the 50 and the 20 because we're"}, {"start": "00:03:48", "end": "00:03:52", "text": "getting this reversal here in this"}, {"start": "00:03:50", "end": "00:03:54", "text": "entire range. Right? So, that's what we"}, {"start": "00:03:52", "end": "00:03:56", "text": "want to see, a breakout of the range."}, {"start": "00:03:54", "end": "00:03:57", "text": "And the first area of resistance that"}, {"start": "00:03:56", "end": "00:04:00", "text": "I'd be watching for is really this"}, {"start": "00:03:57", "end": "00:04:02", "text": "$2,800 area. And you can notice it was"}, {"start": "00:04:00", "end": "00:04:04", "text": "this little bit of support back here."}, {"start": "00:04:02", "end": "00:04:07", "text": "This might be a kind of a resistance"}, {"start": "00:04:04", "end": "00:04:09", "text": "range right in this area, 27 2,800."}, {"start": "00:04:07", "end": "00:04:11", "text": "Let's see what Ethereum does there."}, {"start": "00:04:09", "end": "00:04:15", "text": "Rejection back down to the 20 and the 50"}, {"start": "00:04:11", "end": "00:04:17", "text": "maybe. Can Ethereum do this? Put in some"}, {"start": "00:04:15", "end": "00:04:19", "text": "type of structure. That's what I'm"}, {"start": "00:04:17", "end": "00:04:21", "text": "watching in terms of the Ethereum chart."}, {"start": "00:04:19", "end": "00:04:23", "text": "Going over to Cardano, I want to just"}, {"start": "00:04:21", "end": "00:04:25", "text": "make mention of this because I I brought"}, {"start": "00:04:23", "end": "00:04:29", "text": "it up in a video the other day. It's the"}, {"start": "00:04:25", "end": "00:04:31", "text": "squeezing of the MACD on Cardono on the"}, {"start": "00:04:29", "end": "00:04:32", "text": "daily. What I noticed, which was"}, {"start": "00:04:31", "end": "00:04:34", "text": "interesting, and this is kind of"}, {"start": "00:04:32", "end": "00:04:35", "text": "something to watch for, we just looked"}, {"start": "00:04:34", "end": "00:04:38", "text": "at the fractal for Ethereum breaking"}, {"start": "00:04:35", "end": "00:04:41", "text": "into the November 2024 move, the end of"}, {"start": "00:04:38", "end": "00:04:44", "text": "the year move. Check out this. October"}, {"start": "00:04:41", "end": "00:04:47", "text": "2024, November 2024. This was the"}, {"start": "00:04:44", "end": "00:04:49", "text": "breakout moment for Cardano, too. And"}, {"start": "00:04:47", "end": "00:04:52", "text": "look at the similarities of the MACD."}, {"start": "00:04:49", "end": "00:04:54", "text": "Higher highs, higher lows. What I'm"}, {"start": "00:04:52", "end": "00:04:57", "text": "waiting for in particular is to see the"}, {"start": "00:04:54", "end": "00:05:00", "text": "MACD get above the the signal or I'm"}, {"start": "00:04:57", "end": "00:05:01", "text": "sorry, the zero line on the histogram. I"}, {"start": "00:05:00", "end": "00:05:04", "text": "want to see this kind of start getting"}, {"start": "00:05:01", "end": "00:05:06", "text": "into this area. If we can start seeing"}, {"start": "00:05:04", "end": "00:05:11", "text": "that happen"}, {"start": "00:05:06", "end": "00:05:15", "text": "and close green momentum, a green"}, {"start": "00:05:11", "end": "00:05:17", "text": "histogram with power, we might see a"}, {"start": "00:05:15", "end": "00:05:18", "text": "bull move for Cardano. This is exactly"}, {"start": "00:05:17", "end": "00:05:20", "text": "what happened back here. I want to make"}, {"start": "00:05:18", "end": "00:05:22", "text": "a note that there were a couple fake"}, {"start": "00:05:20", "end": "00:05:24", "text": "outs, right? Like there was the MACD"}, {"start": "00:05:22", "end": "00:05:26", "text": "above the histogram right here and it"}, {"start": "00:05:24", "end": "00:05:28", "text": "wasn't ready yet. This was September."}, {"start": "00:05:26", "end": "00:05:30", "text": "Came back down. Boom. There was the"}, {"start": "00:05:28", "end": "00:05:32", "text": "there was the pop to the upside. But I'm"}, {"start": "00:05:30", "end": "00:05:35", "text": "generally just looking for a breakout"}, {"start": "00:05:32", "end": "00:05:39", "text": "out of this consolidation on the MACD"}, {"start": "00:05:35", "end": "00:05:41", "text": "for Cardano. Here's SWE. So I a very"}, {"start": "00:05:39", "end": "00:05:43", "text": "simple note for SU. I know I' I've"}, {"start": "00:05:41", "end": "00:05:46", "text": "looked at the monthly chart with with"}, {"start": "00:05:43", "end": "00:05:48", "text": "y'all on in this on this YouTube channel"}, {"start": "00:05:46", "end": "00:05:50", "text": "to paint a very simple picture. This is"}, {"start": "00:05:48", "end": "00:05:54", "text": "crypto"}, {"start": "00:05:50", "end": "00:05:56", "text": "massive crash pump crash pump crash. I"}, {"start": "00:05:54", "end": "00:05:59", "text": "don't know. Are we going to get a pump?"}, {"start": "00:05:56", "end": "00:06:02", "text": "But look at the volatility here. 935%"}, {"start": "00:05:59", "end": "00:06:03", "text": "gains, 85% losses total from the swing"}, {"start": "00:06:02", "end": "00:06:05", "text": "high to the swing low. And I have a"}, {"start": "00:06:03", "end": "00:06:08", "text": "point to make about that in relation to"}, {"start": "00:06:05", "end": "00:06:10", "text": "the next one, which is dog on Bitcoin."}, {"start": "00:06:08", "end": "00:06:12", "text": "But look at that volatility all over the"}, {"start": "00:06:10", "end": "00:06:14", "text": "place. But to really paint the picture,"}, {"start": "00:06:12", "end": "00:06:17", "text": "look what just happened. MACD on the"}, {"start": "00:06:14", "end": "00:06:19", "text": "monthly, we don't have enough um enough"}, {"start": "00:06:17", "end": "00:06:22", "text": "data, right? We can see the histogram"}, {"start": "00:06:19", "end": "00:06:24", "text": "getting lighter in color, which is good."}, {"start": "00:06:22", "end": "00:06:26", "text": "But the stock RSI, quicker moving"}, {"start": "00:06:24", "end": "00:06:27", "text": "momentum oscillator, and this is a"}, {"start": "00:06:26", "end": "00:06:30", "text": "quicker moving momentum oscillator. Keep"}, {"start": "00:06:27", "end": "00:06:33", "text": "that in mind. But check this out. From"}, {"start": "00:06:30", "end": "00:06:36", "text": "the overbought area, December 2024,"}, {"start": "00:06:33", "end": "00:06:39", "text": "January 2025."}, {"start": "00:06:36", "end": "00:06:40", "text": "Look at this. Over a year. This is a"}, {"start": "00:06:39", "end": "00:06:45", "text": "quicker moving momentum oscillator. Over"}, {"start": "00:06:40", "end": "00:06:46", "text": "a year, just bare market. And just look"}, {"start": "00:06:45", "end": "00:06:50", "text": "at what's happening in terms of momentum"}, {"start": "00:06:46", "end": "00:06:53", "text": "right now. This happened back here."}, {"start": "00:06:50", "end": "00:06:56", "text": "Bulls were parabolic hype. Game on. And"}, {"start": "00:06:53", "end": "00:06:59", "text": "it was it was the top. Right now, bears"}, {"start": "00:06:56", "end": "00:07:01", "text": "are hype. Game on. I'm not going to sit"}, {"start": "00:06:59", "end": "00:07:02", "text": "here and say it's the bottom, but this"}, {"start": "00:07:01", "end": "00:07:05", "text": "is what I'm talking about. Do you want"}, {"start": "00:07:02", "end": "00:07:06", "text": "to ignore these indicators? I don't. I"}, {"start": "00:07:05", "end": "00:07:09", "text": "don't. I'm trying to keep my head in the"}, {"start": "00:07:06", "end": "00:07:10", "text": "game. As much as it's just doesn't look"}, {"start": "00:07:09", "end": "00:07:12", "text": "good for crypto, I'm trying to keep my"}, {"start": "00:07:10", "end": "00:07:14", "text": "head in the game. Focus on data, not"}, {"start": "00:07:12", "end": "00:07:17", "text": "emotion. That's what I've done across"}, {"start": "00:07:14", "end": "00:07:19", "text": "cycles. This is, I think, what's helped"}, {"start": "00:07:17", "end": "00:07:21", "text": "me stay in the game because crypto is"}, {"start": "00:07:19", "end": "00:07:24", "text": "not an easy game to stay in. But that's"}, {"start": "00:07:21", "end": "00:07:25", "text": "why I'm a macro investor because these"}, {"start": "00:07:24", "end": "00:07:27", "text": "are the signals I like to watch and wait"}, {"start": "00:07:25", "end": "00:07:28", "text": "for. You might be like, man, well, look"}, {"start": "00:07:27", "end": "00:07:30", "text": "at this. We almost we almost got a"}, {"start": "00:07:28", "end": "00:07:33", "text": "change of momentum there. But look, we"}, {"start": "00:07:30", "end": "00:07:34", "text": "were not oversold like we are right now."}, {"start": "00:07:33", "end": "00:07:36", "text": "Going over to Dog, I want to make a"}, {"start": "00:07:34", "end": "00:07:39", "text": "point. Dog right now making a little bit"}, {"start": "00:07:36", "end": "00:07:42", "text": "of a move up 13%. On its way back maybe"}, {"start": "00:07:39", "end": "00:07:43", "text": "to 100 million. All-time high right"}, {"start": "00:07:42", "end": "00:07:45", "text": "around a billion. I think we at the"}, {"start": "00:07:43", "end": "00:07:47", "text": "starting line for Dog. People give me a"}, {"start": "00:07:45", "end": "00:07:49", "text": "lot of problems for it, but I want to"}, {"start": "00:07:47", "end": "00:07:54", "text": "make a point to you. dog from the swing"}, {"start": "00:07:49", "end": "00:07:55", "text": "high to right now down 91% 94% total."}, {"start": "00:07:54", "end": "00:07:58", "text": "First off, that's that's that's"}, {"start": "00:07:55", "end": "00:08:00", "text": "altcoins. Welcome to altcoins."}, {"start": "00:07:58", "end": "00:08:04", "text": "But if you really compare it to real"}, {"start": "00:08:00", "end": "00:08:07", "text": "like legit blue chip altcoins, look at"}, {"start": "00:08:04", "end": "00:08:09", "text": "Cardano was down 83%."}, {"start": "00:08:07", "end": "00:08:12", "text": "Look at we just looked at SU. What was"}, {"start": "00:08:09", "end": "00:08:17", "text": "it down? It was down uh it's currently"}, {"start": "00:08:12", "end": "00:08:19", "text": "down 81%. At one point down 85%."}, {"start": "00:08:17", "end": "00:08:22", "text": "Dog is like in the same camp, maybe"}, {"start": "00:08:19", "end": "00:08:24", "text": "missing missing the boat by like 6%. Dog"}, {"start": "00:08:22", "end": "00:08:27", "text": "is is the number one memecoin on"}, {"start": "00:08:24", "end": "00:08:30", "text": "Bitcoin. It is completely decentralized."}, {"start": "00:08:27", "end": "00:08:32", "text": "It's completely secure. This is a huge"}, {"start": "00:08:30", "end": "00:08:34", "text": "altcoin play of me. I I just get it."}, {"start": "00:08:32", "end": "00:08:37", "text": "People can't stand memecoins. They can't"}, {"start": "00:08:34", "end": "00:08:38", "text": "stand me for covering a memecoin. But I"}, {"start": "00:08:37", "end": "00:08:40", "text": "know it sounds crazy. This is through"}, {"start": "00:08:38", "end": "00:08:44", "text": "this entire bare market has been a value"}, {"start": "00:08:40", "end": "00:08:46", "text": "play for me. And um if if we get a bull"}, {"start": "00:08:44", "end": "00:08:48", "text": "market, if we get a reversal for crypto,"}, {"start": "00:08:46", "end": "00:08:50", "text": "what do you think the number one coin on"}, {"start": "00:08:48", "end": "00:08:53", "text": "Bitcoin besides BTC itself is going to"}, {"start": "00:08:50", "end": "00:08:54", "text": "do if we get a bull run? Especially"}, {"start": "00:08:53", "end": "00:08:57", "text": "considering it has such an insane"}, {"start": "00:08:54", "end": "00:08:58", "text": "culture. I just saw like last week it"}, {"start": "00:08:57", "end": "00:09:00", "text": "had the most it had the most engagement"}, {"start": "00:08:58", "end": "00:09:03", "text": "of any memecoin on X for the previous"}, {"start": "00:09:00", "end": "00:09:05", "text": "seven days. It's it's so well"}, {"start": "00:09:03", "end": "00:09:08", "text": "positioned. I'm not shilling it. Don't"}, {"start": "00:09:05", "end": "00:09:10", "text": "go buy it. Don't don't go buy dog. But"}, {"start": "00:09:08", "end": "00:09:13", "text": "I'm definitely absolutely tracking my my"}, {"start": "00:09:10", "end": "00:09:15", "text": "journey here. And I don't know how it"}, {"start": "00:09:13", "end": "00:09:16", "text": "will play out. I always say I've always"}, {"start": "00:09:15", "end": "00:09:19", "text": "said it's going to be my best play or my"}, {"start": "00:09:16", "end": "00:09:20", "text": "worst play of the cycle. And I know"}, {"start": "00:09:19", "end": "00:09:22", "text": "right now it's like, well, look at it."}, {"start": "00:09:20", "end": "00:09:23", "text": "It was your worst play. But I'm telling"}, {"start": "00:09:22", "end": "00:09:26", "text": "you, it's not game over right now,"}, {"start": "00:09:23", "end": "00:09:27", "text": "everybody. It's not. And if you've been"}, {"start": "00:09:26", "end": "00:09:30", "text": "through cycles, you know exactly what"}, {"start": "00:09:27", "end": "00:09:32", "text": "I'm talking about. You know exactly what"}, {"start": "00:09:30", "end": "00:09:34", "text": "I'm talking about. So, I wanted to cover"}, {"start": "00:09:32", "end": "00:09:35", "text": "some of these altcoins today. Either"}, {"start": "00:09:34", "end": "00:09:38", "text": "way, everybody, please be careful out"}, {"start": "00:09:35", "end": "00:09:40", "text": "there. Let's watch for resistance areas,"}, {"start": "00:09:38", "end": "00:09:41", "text": "you know, because we're nowhere near"}, {"start": "00:09:40", "end": "00:09:45", "text": "macro resistance areas, by the way. But"}, {"start": "00:09:41", "end": "00:09:49", "text": "let's look for shorter term daily uh"}, {"start": "00:09:45", "end": "00:09:52", "text": "daily like 200 day moving average"}, {"start": "00:09:49", "end": "00:09:54", "text": "resistance areas like a$150 is a more"}, {"start": "00:09:52", "end": "00:09:56", "text": "short to midterm area. If we get a pump"}, {"start": "00:09:54", "end": "00:09:59", "text": "for crypto, for something like SU,"}, {"start": "00:09:56", "end": "00:10:01", "text": "that's an area to watch. But either way,"}, {"start": "00:09:59", "end": "00:10:02", "text": "we need to start seeing a lot of these"}, {"start": "00:10:01", "end": "00:10:04", "text": "altcoins break out of the range, very"}, {"start": "00:10:02", "end": "00:10:06", "text": "similar to what we just saw on Ethereum"}, {"start": "00:10:04", "end": "00:10:08", "text": "and this fractal. Maybe Ethereum leads"}, {"start": "00:10:06", "end": "00:10:10", "text": "the move. Maybe it maybe it lags in the"}, {"start": "00:10:08", "end": "00:10:12", "text": "move. I don't know. But these are just"}, {"start": "00:10:10", "end": "00:10:14", "text": "some of the things that I'm watching. I"}, {"start": "00:10:12", "end": "00:10:17", "text": "appreciate all of you watching. Careful"}, {"start": "00:10:14", "end": "00:10:19", "text": "out there. Edge your risk. And I hope"}, {"start": "00:10:17", "end": "00:10:20", "text": "you're doing well. Everybody, if you're"}, {"start": "00:10:19", "end": "00:10:23", "text": "still here, I actually want to make an"}, {"start": "00:10:20", "end": "00:10:25", "text": "announcement. We are going through an"}, {"start": "00:10:23", "end": "00:10:26", "text": "absolutely massive move. So things about"}, {"start": "00:10:25", "end": "00:10:29", "text": "to get crazy. I'm going to be"}, {"start": "00:10:26", "end": "00:10:31", "text": "consistently doing videos, but the the"}, {"start": "00:10:29", "end": "00:10:34", "text": "quality as we're moving, especially"}, {"start": "00:10:31", "end": "00:10:36", "text": "until we we get to uh a short-term place"}, {"start": "00:10:34", "end": "00:10:37", "text": "that we're staying,"}, {"start": "00:10:36", "end": "00:10:39", "text": "the quality is going to be it's just not"}, {"start": "00:10:37", "end": "00:10:40", "text": "going to be this, right? But I just"}, {"start": "00:10:39", "end": "00:10:42", "text": "wanted to give you a heads up, but thank"}, {"start": "00:10:40", "end": "00:10:43", "text": "you for your patience in advance. Very"}, {"start": "00:10:42", "end": "00:10:47", "text": "exciting move we've been talking about"}, {"start": "00:10:43", "end": "00:10:51", "text": "for a very long time and we're doing it."}, {"start": "00:10:47", "end": "00:10:52", "text": "So, um, man, I just I appreciate your"}, {"start": "00:10:51", "end": "00:10:54", "text": "patience along the way though,"}, {"start": "00:10:52", "end": "00:10:57", "text": "everybody. So, if you're not a"}, {"start": "00:10:54", "end": "00:10:58", "text": "subscriber out there, subscribe and"}, {"start": "00:10:57", "end": "00:11:02", "text": "let's see what these coins do. I'll see"}, {"start": "00:10:58", "end": "00:11:02", "text": "you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Back in January, I warned about a black"}, {"start": "00:00:02", "end": "00:00:06", "text": "swan event and it basically happened."}, {"start": "00:00:04", "end": "00:00:07", "text": "And here's why I'm bringing that up"}, {"start": "00:00:06", "end": "00:00:11", "text": "right now. There's a pattern that has"}, {"start": "00:00:07", "end": "00:00:12", "text": "appeared before every altcoin bull run"}, {"start": "00:00:11", "end": "00:00:14", "text": "and it's forming right now on a chart"}, {"start": "00:00:12", "end": "00:00:15", "text": "that I think a lot of people, I would"}, {"start": "00:00:14", "end": "00:00:17", "text": "say most people in crypto are not"}, {"start": "00:00:15", "end": "00:00:19", "text": "watching. And I'm going to show you"}, {"start": "00:00:17", "end": "00:00:21", "text": "exactly what it is, why it matters more"}, {"start": "00:00:19", "end": "00:00:24", "text": "than any Bitcoin chart or fouryear cycle"}, {"start": "00:00:21", "end": "00:00:26", "text": "calendar right now, and what needs to"}, {"start": "00:00:24", "end": "00:00:28", "text": "happen next for this to actually"}, {"start": "00:00:26", "end": "00:00:31", "text": "confirm. And here's the post from"}, {"start": "00:00:28", "end": "00:00:34", "text": "January. The Russell 2000 was breaking"}, {"start": "00:00:31", "end": "00:00:37", "text": "out of a multi-year range right as"}, {"start": "00:00:34", "end": "00:00:39", "text": "quantitative tightening was ending."}, {"start": "00:00:37", "end": "00:00:42", "text": "Here's my post. The same setup that"}, {"start": "00:00:39", "end": "00:00:45", "text": "preceded every major risk on rotation"}, {"start": "00:00:42", "end": "00:00:47", "text": "going back decades. Small caps lead"}, {"start": "00:00:45", "end": "00:00:49", "text": "talking about the Russell 2000. Then"}, {"start": "00:00:47", "end": "00:00:51", "text": "crypto follows. Here's one thing I can't"}, {"start": "00:00:49", "end": "00:00:53", "text": "stop thinking about. Last cycle, we had"}, {"start": "00:00:51", "end": "00:00:56", "text": "the same exact setup in late 2019."}, {"start": "00:00:53", "end": "00:00:58", "text": "Quantitative tightening ended. PMI was"}, {"start": "00:00:56", "end": "00:01:00", "text": "turning. Russell starting to move. The"}, {"start": "00:00:58", "end": "00:01:03", "text": "ingredients were there. And then what"}, {"start": "00:01:00", "end": "00:01:05", "text": "happened? It was the black swan. I said,"}, {"start": "00:01:03", "end": "00:01:06", "text": "I'm not saying the black swan's going to"}, {"start": "00:01:05", "end": "00:01:07", "text": "happen, but I can't stop thinking about"}, {"start": "00:01:06", "end": "00:01:11", "text": "how it happened last cycle right at the"}, {"start": "00:01:07", "end": "00:01:14", "text": "moment. This was in January. Russell"}, {"start": "00:01:11", "end": "00:01:16", "text": "2000 around $2,600. If we go to the"}, {"start": "00:01:14", "end": "00:01:19", "text": "Russell 2000 right now, you can see it"}, {"start": "00:01:16", "end": "00:01:23", "text": "is testing this trend line just above"}, {"start": "00:01:19", "end": "00:01:26", "text": "2,700. And just look between January"}, {"start": "00:01:23", "end": "00:01:30", "text": "when I posted that and now look at this"}, {"start": "00:01:26", "end": "00:01:33", "text": "move right here. That is the the Middle"}, {"start": "00:01:30", "end": "00:01:35", "text": "East test tension with Iran. And it's"}, {"start": "00:01:33", "end": "00:01:38", "text": "very notable that right here we also had"}, {"start": "00:01:35", "end": "00:01:39", "text": "capitulation in this cycle which was the"}, {"start": "00:01:38", "end": "00:01:42", "text": "tariff here last year. Even more"}, {"start": "00:01:39", "end": "00:01:44", "text": "capitulation last year. So I want to"}, {"start": "00:01:42", "end": "00:01:46", "text": "break down all of these charts. What I"}, {"start": "00:01:44", "end": "00:01:48", "text": "want to show you real quick is this some"}, {"start": "00:01:46", "end": "00:01:51", "text": "context to what we're about to look at."}, {"start": "00:01:48", "end": "00:01:53", "text": "This move has preceded altcoin moves,"}, {"start": "00:01:51", "end": "00:01:55", "text": "altcoin bull runs. The moment the US"}, {"start": "00:01:53", "end": "00:01:57", "text": "Russell 2000 breaks through its previous"}, {"start": "00:01:55", "end": "00:02:00", "text": "all-time high is always the moment when"}, {"start": "00:01:57", "end": "00:02:02", "text": "the legendary all altcoin season begins."}, {"start": "00:02:00", "end": "00:02:05", "text": "I hesitate. I don't mean to talk about"}, {"start": "00:02:02", "end": "00:02:06", "text": "altcoin season in this in this video."}, {"start": "00:02:05", "end": "00:02:08", "text": "It's not like going to be the topic of"}, {"start": "00:02:06", "end": "00:02:11", "text": "the video, but this is just what has"}, {"start": "00:02:08", "end": "00:02:13", "text": "happened. I'm done with alt season. I'm"}, {"start": "00:02:11", "end": "00:02:15", "text": "done calling alt season. I'm done with"}, {"start": "00:02:13", "end": "00:02:18", "text": "it all because the macroeconomic"}, {"start": "00:02:15", "end": "00:02:20", "text": "landscape of things have been very hard"}, {"start": "00:02:18", "end": "00:02:22", "text": "to predict. Now it's just me waiting for"}, {"start": "00:02:20", "end": "00:02:25", "text": "the confirmations and the data, the"}, {"start": "00:02:22", "end": "00:02:27", "text": "business cycle data, economic growth,"}, {"start": "00:02:25", "end": "00:02:31", "text": "all of these things. That was the case"}, {"start": "00:02:27", "end": "00:02:34", "text": "in 2016 uh to 2017. That was the case in"}, {"start": "00:02:31", "end": "00:02:36", "text": "2020 2021. And in 2026, US Russell was"}, {"start": "00:02:34", "end": "00:02:38", "text": "on the verge of it and crypto Twitter is"}, {"start": "00:02:36", "end": "00:02:40", "text": "sleeping. And I do agree with that."}, {"start": "00:02:38", "end": "00:02:41", "text": "There's strong potential here because"}, {"start": "00:02:40", "end": "00:02:44", "text": "the move is playing out. out and I want"}, {"start": "00:02:41", "end": "00:02:46", "text": "to break it down on my chart. Before I"}, {"start": "00:02:44", "end": "00:02:50", "text": "do that, I I do want to show you a clip."}, {"start": "00:02:46", "end": "00:02:53", "text": "This was from November 2025. Russell"}, {"start": "00:02:50", "end": "00:02:55", "text": "2000 at like $2,300"}, {"start": "00:02:53", "end": "00:02:59", "text": "because now we've had some macroeconomic"}, {"start": "00:02:55", "end": "00:03:01", "text": "data coming in month after month that is"}, {"start": "00:02:59", "end": "00:03:04", "text": "suggesting this thesis to be even more"}, {"start": "00:03:01", "end": "00:03:07", "text": "sound. Check this out. PMI moves back"}, {"start": "00:03:04", "end": "00:03:12", "text": "above 50. Russell explodes. This"}, {"start": "00:03:07", "end": "00:03:14", "text": "happened in 1991, 2003, 2010, 2016,"}, {"start": "00:03:12", "end": "00:03:16", "text": "2020. And here's another factor that is"}, {"start": "00:03:14", "end": "00:03:19", "text": "so important. As you watch altcoins, we"}, {"start": "00:03:16", "end": "00:03:22", "text": "don't have that much data. Russell, so"}, {"start": "00:03:19", "end": "00:03:24", "text": "Russell 2000 moves with PMI. And this is"}, {"start": "00:03:22", "end": "00:03:27", "text": "what I was anticipating. The move above"}, {"start": "00:03:24", "end": "00:03:29", "text": "50 on the PMI leads to a Russell 2000"}, {"start": "00:03:27", "end": "00:03:31", "text": "explosion. And if we look at the domino"}, {"start": "00:03:29", "end": "00:03:34", "text": "effect, when Russell 2000 does that,"}, {"start": "00:03:31", "end": "00:03:36", "text": "we've seen altcoin season. So, we just"}, {"start": "00:03:34", "end": "00:03:38", "text": "had the PMI expand. I think there's"}, {"start": "00:03:36", "end": "00:03:40", "text": "going to be continued economic"}, {"start": "00:03:38", "end": "00:03:43", "text": "expansion. It's a very unpopular"}, {"start": "00:03:40", "end": "00:03:46", "text": "opinion. I just think so. And so if this"}, {"start": "00:03:43", "end": "00:03:48", "text": "does happen and Russell 2000 is testing"}, {"start": "00:03:46", "end": "00:03:50", "text": "this area, I just want to show you"}, {"start": "00:03:48", "end": "00:03:53", "text": "something. Look at the structure of"}, {"start": "00:03:50", "end": "00:03:56", "text": "Russell 2000 along with the confluence"}, {"start": "00:03:53", "end": "00:03:59", "text": "of PMI expansion back here with some"}, {"start": "00:03:56", "end": "00:04:02", "text": "capitulation. This was 2016 capitulation"}, {"start": "00:03:59", "end": "00:04:04", "text": "for the Russell 2000 going into PMI"}, {"start": "00:04:02", "end": "00:04:08", "text": "expansion. Look what happens."}, {"start": "00:04:04", "end": "00:04:10", "text": "You can see we get up to this trend line"}, {"start": "00:04:08", "end": "00:04:13", "text": "and we just see higher highs, higher"}, {"start": "00:04:10", "end": "00:04:14", "text": "lows as we're putting in that trend line"}, {"start": "00:04:13", "end": "00:04:17", "text": "test and then the breakout for Russell"}, {"start": "00:04:14", "end": "00:04:20", "text": "2000. What I want to point out to you is"}, {"start": "00:04:17", "end": "00:04:23", "text": "at that time November 2016 as it's"}, {"start": "00:04:20", "end": "00:04:25", "text": "getting to this trend line as PMI is"}, {"start": "00:04:23", "end": "00:04:27", "text": "starting to expand."}, {"start": "00:04:25", "end": "00:04:29", "text": "That is exactly what is happening on the"}, {"start": "00:04:27", "end": "00:04:31", "text": "Russell 2000 right now. We're getting to"}, {"start": "00:04:29", "end": "00:04:35", "text": "this trend line. PMI just started to"}, {"start": "00:04:31", "end": "00:04:38", "text": "expand and notice the date two November"}, {"start": "00:04:35", "end": "00:04:40", "text": "2016. Go to a altcoin chart. This is"}, {"start": "00:04:38", "end": "00:04:45", "text": "everything excluding Bitcoin and we can"}, {"start": "00:04:40", "end": "00:04:47", "text": "look at this November 2016 right here"}, {"start": "00:04:45", "end": "00:04:49", "text": "when the Russell 2000 was making that"}, {"start": "00:04:47", "end": "00:04:53", "text": "move. Look at what was getting ready to"}, {"start": "00:04:49", "end": "00:04:56", "text": "happen for altcoins. That's just data."}, {"start": "00:04:53", "end": "00:04:59", "text": "We go back to the Russell 2000 chart"}, {"start": "00:04:56", "end": "00:05:02", "text": "2020 even quicker. it makes its move to"}, {"start": "00:04:59", "end": "00:05:05", "text": "this trend line. It actually breaks out."}, {"start": "00:05:02", "end": "00:05:06", "text": "But look at the date, November 2020. Go"}, {"start": "00:05:05", "end": "00:05:09", "text": "back to the altcoin chart. November"}, {"start": "00:05:06", "end": "00:05:11", "text": "2020. What was happening? And notice"}, {"start": "00:05:09", "end": "00:05:14", "text": "when that was happening, the this"}, {"start": "00:05:11", "end": "00:05:19", "text": "altcoin chart still a ways away from"}, {"start": "00:05:14", "end": "00:05:21", "text": "all-time high, 60% or so, 50 to 60%."}, {"start": "00:05:19", "end": "00:05:22", "text": "When Russell 2000 was testing that trend"}, {"start": "00:05:21", "end": "00:05:24", "text": "line and getting ready for the breakout,"}, {"start": "00:05:22", "end": "00:05:28", "text": "altcoins as well. And please keep in"}, {"start": "00:05:24", "end": "00:05:29", "text": "mind the PMI, the business cycle, that"}, {"start": "00:05:28", "end": "00:05:33", "text": "is something that was happening. And"}, {"start": "00:05:29", "end": "00:05:35", "text": "here we are right now. Russell 2000"}, {"start": "00:05:33", "end": "00:05:39", "text": "making its way to that trend line right"}, {"start": "00:05:35", "end": "00:05:40", "text": "now. It it's it's I shouldn't say it's"}, {"start": "00:05:39", "end": "00:05:43", "text": "make it should I shouldn't say it's"}, {"start": "00:05:40", "end": "00:05:46", "text": "there or it's broken it. It really is"}, {"start": "00:05:43", "end": "00:05:49", "text": "making its way right now as the PMI this"}, {"start": "00:05:46", "end": "00:05:51", "text": "green line just broke above 50 as you"}, {"start": "00:05:49", "end": "00:05:54", "text": "know just months ago and we're looking"}, {"start": "00:05:51", "end": "00:05:56", "text": "for continued expansion. So now we're in"}, {"start": "00:05:54", "end": "00:05:58", "text": "this environment that we've been at"}, {"start": "00:05:56", "end": "00:06:01", "text": "previous bull markets and I'm not trying"}, {"start": "00:05:58", "end": "00:06:03", "text": "to just be a permable here as you know I"}, {"start": "00:06:01", "end": "00:06:07", "text": "mean I was back here I was discussing"}, {"start": "00:06:03", "end": "00:06:09", "text": "the potential for something to happen"}, {"start": "00:06:07", "end": "00:06:11", "text": "and even then I was talk I've been"}, {"start": "00:06:09", "end": "00:06:14", "text": "talking about the postquantitative"}, {"start": "00:06:11", "end": "00:06:16", "text": "tightening dip that has been happening"}, {"start": "00:06:14", "end": "00:06:18", "text": "post QT since December we've been"}, {"start": "00:06:16", "end": "00:06:22", "text": "falling that is normal it's what"}, {"start": "00:06:18", "end": "00:06:23", "text": "happened in 2019 post QT right so I'm"}, {"start": "00:06:22", "end": "00:06:26", "text": "not trying to be permable. I'm trying to"}, {"start": "00:06:23", "end": "00:06:28", "text": "use caution every step of the way, but"}, {"start": "00:06:26", "end": "00:06:30", "text": "the macro landscape from a cycle"}, {"start": "00:06:28", "end": "00:06:32", "text": "perspective is lining up very nicely"}, {"start": "00:06:30", "end": "00:06:35", "text": "right now. And you can see it testing"}, {"start": "00:06:32", "end": "00:06:37", "text": "this upper trend line, PMI expanding."}, {"start": "00:06:35", "end": "00:06:39", "text": "And guess what? Altcoins,"}, {"start": "00:06:37", "end": "00:06:43", "text": "they're ways away from all-time high"}, {"start": "00:06:39", "end": "00:06:45", "text": "around this cycle, 40% at this time."}, {"start": "00:06:43", "end": "00:06:47", "text": "Last cycle at this time, it was around"}, {"start": "00:06:45", "end": "00:06:50", "text": "60% as Russell was testing this trend"}, {"start": "00:06:47", "end": "00:06:52", "text": "line as PMI started to expand. That's"}, {"start": "00:06:50", "end": "00:06:54", "text": "where we are right now. So, I'm not"}, {"start": "00:06:52", "end": "00:06:56", "text": "saying it's a guaranteed bull market."}, {"start": "00:06:54", "end": "00:07:00", "text": "It's getting ready to happen. But what I"}, {"start": "00:06:56", "end": "00:07:02", "text": "am saying is in my opinion, it's a it's"}, {"start": "00:07:00", "end": "00:07:04", "text": "just a very good time if as long as"}, {"start": "00:07:02", "end": "00:07:07", "text": "you're balancing your risk and as long"}, {"start": "00:07:04", "end": "00:07:08", "text": "as you're you're comfortable in these"}, {"start": "00:07:07", "end": "00:07:10", "text": "markets with whatever your exposure is"}, {"start": "00:07:08", "end": "00:07:13", "text": "to the markets, it's a great time to be"}, {"start": "00:07:10", "end": "00:07:15", "text": "in crypto. It is, in my opinion, not a"}, {"start": "00:07:13", "end": "00:07:18", "text": "good time to just be looking at a"}, {"start": "00:07:15", "end": "00:07:20", "text": "four-year cycle calendar and just being"}, {"start": "00:07:18", "end": "00:07:22", "text": "like, \"Nope, crypto's done.\" not looking"}, {"start": "00:07:20", "end": "00:07:23", "text": "at any of this data and just being like,"}, {"start": "00:07:22", "end": "00:07:26", "text": "\"Crypto's done until end of the year."}, {"start": "00:07:23", "end": "00:07:29", "text": "There's nothing going to happen. I c I I"}, {"start": "00:07:26", "end": "00:07:30", "text": "can't do that.\" And maybe I'm wrong for"}, {"start": "00:07:29", "end": "00:07:32", "text": "not being able to do that. Maybe I"}, {"start": "00:07:30", "end": "00:07:34", "text": "should do that. Maybe it is just a"}, {"start": "00:07:32", "end": "00:07:36", "text": "four-year calendar. It's that simple."}, {"start": "00:07:34", "end": "00:07:39", "text": "And I'm completely looking too deep into"}, {"start": "00:07:36", "end": "00:07:41", "text": "all this other data. But I cannot help"}, {"start": "00:07:39", "end": "00:07:44", "text": "but see the data and just be like, you"}, {"start": "00:07:41", "end": "00:07:47", "text": "know what? Okay, I'll be ready for four"}, {"start": "00:07:44", "end": "00:07:49", "text": "year cycle. It the calendar hits. It was"}, {"start": "00:07:47", "end": "00:07:51", "text": "that easy. I was wrong. I want to be"}, {"start": "00:07:49", "end": "00:07:52", "text": "ready for that. But at the same time, I"}, {"start": "00:07:51", "end": "00:07:55", "text": "want to be ready for the flip side. And"}, {"start": "00:07:52", "end": "00:07:57", "text": "that is to say, the consistency of the"}, {"start": "00:07:55", "end": "00:08:00", "text": "macroeconomic data"}, {"start": "00:07:57", "end": "00:08:03", "text": "actually plays out. And all the while,"}, {"start": "00:08:00", "end": "00:08:05", "text": "all along, this entire time, the"}, {"start": "00:08:03", "end": "00:08:07", "text": "four-year cycles were only four-year"}, {"start": "00:08:05", "end": "00:08:09", "text": "cycles because it was following the"}, {"start": "00:08:07", "end": "00:08:12", "text": "business cycle and because it was"}, {"start": "00:08:09", "end": "00:08:14", "text": "following things like Russell 2000,"}, {"start": "00:08:12", "end": "00:08:15", "text": "which has way more decades worth of data"}, {"start": "00:08:14", "end": "00:08:18", "text": "in terms of its alignment and"}, {"start": "00:08:15", "end": "00:08:20", "text": "correlation with PMI. So I hope I"}, {"start": "00:08:18", "end": "00:08:22", "text": "presented that that to you well in a"}, {"start": "00:08:20", "end": "00:08:23", "text": "very simple fashion because this is"}, {"start": "00:08:22", "end": "00:08:26", "text": "where I am right now and right now the"}, {"start": "00:08:23", "end": "00:08:28", "text": "Russell 2000 is testing that area. So"}, {"start": "00:08:26", "end": "00:08:31", "text": "I'm not saying it's like this week"}, {"start": "00:08:28", "end": "00:08:34", "text": "tomorrow but we are there in terms of"}, {"start": "00:08:31", "end": "00:08:36", "text": "this cycle. It's a good idea to keep an"}, {"start": "00:08:34", "end": "00:08:39", "text": "eye especially as we have bed chair"}, {"start": "00:08:36", "end": "00:08:41", "text": "coming in in one month. We have clarity"}, {"start": "00:08:39", "end": "00:08:42", "text": "act in play. We have all of the"}, {"start": "00:08:41", "end": "00:08:45", "text": "innovation institutionalization in"}, {"start": "00:08:42", "end": "00:08:47", "text": "crypto. It's just a very good time to"}, {"start": "00:08:45", "end": "00:08:49", "text": "pay attention and just be ready. Be"}, {"start": "00:08:47", "end": "00:08:51", "text": "ready for everything. Everybody, balance"}, {"start": "00:08:49", "end": "00:08:52", "text": "your risk. Be very careful out there. If"}, {"start": "00:08:51", "end": "00:08:54", "text": "you're not a member in our intelligence"}, {"start": "00:08:52", "end": "00:08:57", "text": "system, I'll put the link below. Get a"}, {"start": "00:08:54", "end": "00:08:59", "text": "free trial. Start planning your"}, {"start": "00:08:57", "end": "00:09:00", "text": "accumulation or your exits based on risk"}, {"start": "00:08:59", "end": "00:09:02", "text": "alone because right now we're at pretty"}, {"start": "00:09:00", "end": "00:09:05", "text": "low risk scores on a lot of our assets"}, {"start": "00:09:02", "end": "00:09:06", "text": "back there. Um, so hit the link below,"}, {"start": "00:09:05", "end": "00:09:08", "text": "get set up with a trial if you're"}, {"start": "00:09:06", "end": "00:09:09", "text": "interested. Appreciate you watching"}, {"start": "00:09:08", "end": "00:09:12", "text": "everybody. I will see you in the next"}, {"start": "00:09:09", "end": "00:09:12", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Bitcoin just broke $75,000 and for the"}, {"start": "00:00:03", "end": "00:00:06", "text": "first time in months, a signal just"}, {"start": "00:00:05", "end": "00:00:10", "text": "flashed on the monthly chart that has"}, {"start": "00:00:06", "end": "00:00:12", "text": "basically preceded massive altcoin"}, {"start": "00:00:10", "end": "00:00:14", "text": "rallies. I'm going to show you exactly"}, {"start": "00:00:12", "end": "00:00:16", "text": "what the signal is. Hint, it's on the"}, {"start": "00:00:14", "end": "00:00:20", "text": "screen and one chart that tells you"}, {"start": "00:00:16", "end": "00:00:22", "text": "whether this is the real deal or is it a"}, {"start": "00:00:20", "end": "00:00:23", "text": "trap. So, we're going to start with"}, {"start": "00:00:22", "end": "00:00:25", "text": "Bitcoin, but then we're going to really"}, {"start": "00:00:23", "end": "00:00:27", "text": "get a snapshot of altcoins. This is on"}, {"start": "00:00:25", "end": "00:00:29", "text": "the monthly chart, what to watch for in"}, {"start": "00:00:27", "end": "00:00:32", "text": "terms of altcoins. And I want to use"}, {"start": "00:00:29", "end": "00:00:33", "text": "Ethereum, SWE, and Cardano to do so. I"}, {"start": "00:00:32", "end": "00:00:35", "text": "want to start with Bitcoin dominance"}, {"start": "00:00:33", "end": "00:00:36", "text": "though and Bitcoin charts because the"}, {"start": "00:00:35", "end": "00:00:38", "text": "move that's happening right now is"}, {"start": "00:00:36", "end": "00:00:41", "text": "incredibly significant everybody. I"}, {"start": "00:00:38", "end": "00:00:43", "text": "cannot cannot say that enough at least"}, {"start": "00:00:41", "end": "00:00:44", "text": "in terms of my analysis and and kind of"}, {"start": "00:00:43", "end": "00:00:47", "text": "my view on the market because that's all"}, {"start": "00:00:44", "end": "00:00:49", "text": "this is everybody. It's just my view. I"}, {"start": "00:00:47", "end": "00:00:51", "text": "want to start with a clip from six days"}, {"start": "00:00:49", "end": "00:00:52", "text": "ago in relation to Bitcoin dominance"}, {"start": "00:00:51", "end": "00:00:54", "text": "because here's what I think is happening"}, {"start": "00:00:52", "end": "00:00:56", "text": "right now. Check this out. If we get a"}, {"start": "00:00:54", "end": "00:00:58", "text": "crypto pump to the upside now post QQT"}, {"start": "00:00:56", "end": "00:01:01", "text": "very similar time frame very close it"}, {"start": "00:00:58", "end": "00:01:04", "text": "was like 147 days um back then we're"}, {"start": "00:01:01", "end": "00:01:06", "text": "very close to 147 days right now if"}, {"start": "00:01:04", "end": "00:01:07", "text": "markets start making a move I'm not"}, {"start": "00:01:06", "end": "00:01:09", "text": "saying a bull market starting but we're"}, {"start": "00:01:07", "end": "00:01:12", "text": "actually seeing Bitcoin start testing"}, {"start": "00:01:09", "end": "00:01:15", "text": "key areas like even the 50WE at $98,000"}, {"start": "00:01:12", "end": "00:01:17", "text": "maybe it's a 20we at 7800 right a $7,000"}, {"start": "00:01:15", "end": "00:01:20", "text": "move we're just like making a move in"}, {"start": "00:01:17", "end": "00:01:22", "text": "between we're testing a key macro area"}, {"start": "00:01:20", "end": "00:01:23", "text": "if that move happens for Bitcoin I"}, {"start": "00:01:22", "end": "00:01:25", "text": "really just wouldn't be surprised If"}, {"start": "00:01:23", "end": "00:01:27", "text": "during the move, Bitcoin dominance"}, {"start": "00:01:25", "end": "00:01:29", "text": "actually is just outperforming a little"}, {"start": "00:01:27", "end": "00:01:31", "text": "bit. Boom. That's what we want to see."}, {"start": "00:01:29", "end": "00:01:33", "text": "This is what we want to see. That is"}, {"start": "00:01:31", "end": "00:01:35", "text": "what's currently happening. So, since"}, {"start": "00:01:33", "end": "00:01:39", "text": "doing the video at $71,000"}, {"start": "00:01:35", "end": "00:01:40", "text": "around 71, it's at 75. And Bitcoin"}, {"start": "00:01:39", "end": "00:01:43", "text": "dominance is making a move to the"}, {"start": "00:01:40", "end": "00:01:45", "text": "upside. This is okay. Number one, for"}, {"start": "00:01:43", "end": "00:01:48", "text": "all coins, this is normal. This is good"}, {"start": "00:01:45", "end": "00:01:50", "text": "for Bitcoin. It's good for crypto. It's"}, {"start": "00:01:48", "end": "00:01:52", "text": "good for all coins. So, let's talk about"}, {"start": "00:01:50", "end": "00:01:54", "text": "what's going on from a price action"}, {"start": "00:01:52", "end": "00:01:56", "text": "perspective. So I I really on the"}, {"start": "00:01:54", "end": "00:01:59", "text": "Bitcoin chart I want to make mention of"}, {"start": "00:01:56", "end": "00:02:01", "text": "things we could there's a very real"}, {"start": "00:01:59", "end": "00:02:04", "text": "possibility Bitcoin makes its way up and"}, {"start": "00:02:01", "end": "00:02:05", "text": "through $80,000. What I want to do"}, {"start": "00:02:04", "end": "00:02:08", "text": "during that move and then we're going to"}, {"start": "00:02:05", "end": "00:02:11", "text": "look at that MACD is"}, {"start": "00:02:08", "end": "00:02:13", "text": "all in this area. Here's a 50week moving"}, {"start": "00:02:11", "end": "00:02:17", "text": "average at 97. Here is the 20week moving"}, {"start": "00:02:13", "end": "00:02:21", "text": "average at 77. 77 and 97. Maybe it's 80."}, {"start": "00:02:17", "end": "00:02:24", "text": "All in here. If we get a move, I will be"}, {"start": "00:02:21", "end": "00:02:26", "text": "and I am. I'm already macro bullish. You"}, {"start": "00:02:24", "end": "00:02:29", "text": "all know that I think we are forming the"}, {"start": "00:02:26", "end": "00:02:30", "text": "bottom of a very long bare market. I"}, {"start": "00:02:29", "end": "00:02:33", "text": "think it's almost over, especially as we"}, {"start": "00:02:30", "end": "00:02:36", "text": "look at the business cycle. But caution,"}, {"start": "00:02:33", "end": "00:02:38", "text": "okay, if we start getting a continued"}, {"start": "00:02:36", "end": "00:02:41", "text": "move to the upside even right now at the"}, {"start": "00:02:38", "end": "00:02:43", "text": "20we, caution, caution for resistance."}, {"start": "00:02:41", "end": "00:02:45", "text": "We need to continue to monitor"}, {"start": "00:02:43", "end": "00:02:47", "text": "structure. We need to watch resistance"}, {"start": "00:02:45", "end": "00:02:49", "text": "and look for bullish confirmations of"}, {"start": "00:02:47", "end": "00:02:51", "text": "support. So, there can be volatility in"}, {"start": "00:02:49", "end": "00:02:53", "text": "that. Nobody knows what it will look"}, {"start": "00:02:51", "end": "00:02:56", "text": "like. Resistance here, back down to the"}, {"start": "00:02:53", "end": "00:02:58", "text": "200. I don't know what structure will"}, {"start": "00:02:56", "end": "00:02:59", "text": "look like. I'm using caution all"}, {"start": "00:02:58", "end": "00:03:01", "text": "through, but waiting for confirmations."}, {"start": "00:02:59", "end": "00:03:04", "text": "Let's see if Bitcoin can close a weekly"}, {"start": "00:03:01", "end": "00:03:07", "text": "candle above the 20week moving average,"}, {"start": "00:03:04", "end": "00:03:09", "text": "$77,000. Let's start there. But with"}, {"start": "00:03:07", "end": "00:03:12", "text": "that being said, I do I think a more"}, {"start": "00:03:09", "end": "00:03:15", "text": "macro important note is what's what the"}, {"start": "00:03:12", "end": "00:03:18", "text": "MACD is doing. So, if you look at this"}, {"start": "00:03:15", "end": "00:03:19", "text": "chart, go back to the last time this"}, {"start": "00:03:18", "end": "00:03:22", "text": "move happened. And I'm not talking about"}, {"start": "00:03:19", "end": "00:03:24", "text": "a MACD line making its way above a"}, {"start": "00:03:22", "end": "00:03:28", "text": "signal line back here. We can talk about"}, {"start": "00:03:24", "end": "00:03:30", "text": "that cuz it's a similar move. But one"}, {"start": "00:03:28", "end": "00:03:33", "text": "thing I want to make mention of is look"}, {"start": "00:03:30", "end": "00:03:36", "text": "at where it is. It was not as oversold"}, {"start": "00:03:33", "end": "00:03:38", "text": "as is right now. So yeah, we get pumps"}, {"start": "00:03:36", "end": "00:03:41", "text": "in these moves. You see them? But what's"}, {"start": "00:03:38", "end": "00:03:43", "text": "significant to me is when it's happening"}, {"start": "00:03:41", "end": "00:03:46", "text": "all the way down here because in moments"}, {"start": "00:03:43", "end": "00:03:48", "text": "like this, this is where bottoms of bare"}, {"start": "00:03:46", "end": "00:03:51", "text": "markets are formed, right? When it's"}, {"start": "00:03:48", "end": "00:03:53", "text": "when it's this low, when it's this bad."}, {"start": "00:03:51", "end": "00:03:55", "text": "So, I I just wanted to point that out to"}, {"start": "00:03:53", "end": "00:03:57", "text": "you. And we can even go back to last"}, {"start": "00:03:55", "end": "00:03:59", "text": "cycle. Here's December 2018, the bottom"}, {"start": "00:03:57", "end": "00:04:02", "text": "of that bare market. You can just see"}, {"start": "00:03:59", "end": "00:04:04", "text": "oversold that MACD making a a move back"}, {"start": "00:04:02", "end": "00:04:06", "text": "there. I know I'm very the screen is"}, {"start": "00:04:04", "end": "00:04:07", "text": "very kind of zoomed out, but you get my"}, {"start": "00:04:06", "end": "00:04:09", "text": "point, right? That's what the That's"}, {"start": "00:04:07", "end": "00:04:11", "text": "what that looked like. That's what the"}, {"start": "00:04:09", "end": "00:04:14", "text": "bottom of that bare market looked like."}, {"start": "00:04:11", "end": "00:04:16", "text": "So, bottom of that bare market, bottom"}, {"start": "00:04:14", "end": "00:04:18", "text": "of this one, and now for for Bitcoin,"}, {"start": "00:04:16", "end": "00:04:19", "text": "just look at it. I mean, it's off the"}, {"start": "00:04:18", "end": "00:04:22", "text": "charts. Bottom of this one. That's"}, {"start": "00:04:19", "end": "00:04:24", "text": "significant right now, especially as"}, {"start": "00:04:22", "end": "00:04:27", "text": "we're bringing into play a new piece of"}, {"start": "00:04:24", "end": "00:04:28", "text": "data that has not really happened at"}, {"start": "00:04:27", "end": "00:04:30", "text": "this point of a cycle. And this is where"}, {"start": "00:04:28", "end": "00:04:32", "text": "things are becoming interesting. and"}, {"start": "00:04:30", "end": "00:04:34", "text": "that is this green line, the PMI, the"}, {"start": "00:04:32", "end": "00:04:36", "text": "business cycle expansion that I think is"}, {"start": "00:04:34", "end": "00:04:37", "text": "getting ready to happen, you know,"}, {"start": "00:04:36", "end": "00:04:39", "text": "throughout the rest of this year. So,"}, {"start": "00:04:37", "end": "00:04:41", "text": "I'm not going to talk about that too"}, {"start": "00:04:39", "end": "00:04:44", "text": "much, but I want to go to altcoin charts"}, {"start": "00:04:41", "end": "00:04:46", "text": "and I want to mention this to you now in"}, {"start": "00:04:44", "end": "00:04:51", "text": "terms of everything we're discussing"}, {"start": "00:04:46", "end": "00:04:54", "text": "that is post QT, right? The post QT dip"}, {"start": "00:04:51", "end": "00:04:56", "text": "that is even I started the video talking"}, {"start": "00:04:54", "end": "00:04:58", "text": "about or showing from six days ago the"}, {"start": "00:04:56", "end": "00:05:00", "text": "clip of talking about cryptos pumping"}, {"start": "00:04:58", "end": "00:05:04", "text": "here, right? even altcoin chart pumping"}, {"start": "00:05:00", "end": "00:05:06", "text": "here. Bitcoin dominance outperforming"}, {"start": "00:05:04", "end": "00:05:09", "text": "right now. This could be a move that's"}, {"start": "00:05:06", "end": "00:05:11", "text": "getting set up because here is"}, {"start": "00:05:09", "end": "00:05:13", "text": "quantitative tightening ending end of"}, {"start": "00:05:11", "end": "00:05:16", "text": "July, right? We're going into that dip."}, {"start": "00:05:13", "end": "00:05:19", "text": "We're pumping a little bit. Here is"}, {"start": "00:05:16", "end": "00:05:20", "text": "quantitative tightening ending December."}, {"start": "00:05:19", "end": "00:05:22", "text": "We're dipping. We're getting a little"}, {"start": "00:05:20", "end": "00:05:25", "text": "pump. What's going to happen? Notice how"}, {"start": "00:05:22", "end": "00:05:27", "text": "there was this last dip before the bull."}, {"start": "00:05:25", "end": "00:05:30", "text": "Please be careful."}, {"start": "00:05:27", "end": "00:05:34", "text": "I don't know what it could be. Right now"}, {"start": "00:05:30", "end": "00:05:36", "text": "we have the confluence of QT ending and"}, {"start": "00:05:34", "end": "00:05:39", "text": "the situation with Iran which could"}, {"start": "00:05:36", "end": "00:05:41", "text": "escalate. That could be this type of"}, {"start": "00:05:39", "end": "00:05:43", "text": "COVID situation. I don't know. But it's"}, {"start": "00:05:41", "end": "00:05:47", "text": "the confluence of these two things QT"}, {"start": "00:05:43", "end": "00:05:50", "text": "and Iran. Back here it was QT ending and"}, {"start": "00:05:47", "end": "00:05:51", "text": "COVID. So, I'm I just want to get"}, {"start": "00:05:50", "end": "00:05:54", "text": "through this period of time and the"}, {"start": "00:05:51", "end": "00:05:55", "text": "volatility of it because it seems"}, {"start": "00:05:54", "end": "00:05:57", "text": "there's going to be more volatility and"}, {"start": "00:05:55", "end": "00:05:59", "text": "so I want to be careful for that. But on"}, {"start": "00:05:57", "end": "00:06:00", "text": "the altcoin chart, you can see or at"}, {"start": "00:05:59", "end": "00:06:03", "text": "least get a sense of where I think we"}, {"start": "00:06:00", "end": "00:06:05", "text": "are in the cycle and it's very much more"}, {"start": "00:06:03", "end": "00:06:07", "text": "somewhere in here as I've been"}, {"start": "00:06:05", "end": "00:06:10", "text": "discussing rather than like we just got"}, {"start": "00:06:07", "end": "00:06:13", "text": "here and it's just months of bare market"}, {"start": "00:06:10", "end": "00:06:15", "text": "formation. That's the altcoin chart. And"}, {"start": "00:06:13", "end": "00:06:18", "text": "what I want to say is I want to bring in"}, {"start": "00:06:15", "end": "00:06:20", "text": "the caution now. Look, even at this move"}, {"start": "00:06:18", "end": "00:06:22", "text": "post QT that we just talked about, this"}, {"start": "00:06:20", "end": "00:06:25", "text": "pump to the upside, look at that 20month"}, {"start": "00:06:22", "end": "00:06:27", "text": "moving average resistance back here. If"}, {"start": "00:06:25", "end": "00:06:30", "text": "there's any type of meaningful pump for"}, {"start": "00:06:27", "end": "00:06:32", "text": "altcoins, the first thing I want to see"}, {"start": "00:06:30", "end": "00:06:34", "text": "is this 50-month moving average get"}, {"start": "00:06:32", "end": "00:06:36", "text": "broken right on this chart. And that is"}, {"start": "00:06:34", "end": "00:06:39", "text": "like right around I mean it's just above"}, {"start": "00:06:36", "end": "00:06:42", "text": "where we are right now. But if there's a"}, {"start": "00:06:39", "end": "00:06:44", "text": "an altcoin pump of some of some sorts,"}, {"start": "00:06:42", "end": "00:06:46", "text": "the the fif or I'm sorry, the 20-month"}, {"start": "00:06:44", "end": "00:06:48", "text": "moving average around 955 just below a"}, {"start": "00:06:46", "end": "00:06:50", "text": "trillion dollars for altcoins. This is"}, {"start": "00:06:48", "end": "00:06:54", "text": "this is excluding Bitcoin and stable"}, {"start": "00:06:50", "end": "00:06:56", "text": "coins. I just want to see and brace for"}, {"start": "00:06:54", "end": "00:06:58", "text": "resistance"}, {"start": "00:06:56", "end": "00:07:00", "text": "and I want to see"}, {"start": "00:06:58", "end": "00:07:02", "text": "multiple monthly closes above the"}, {"start": "00:07:00", "end": "00:07:04", "text": "20-month moving average because that's"}, {"start": "00:07:02", "end": "00:07:06", "text": "bull environment, right? That's where we"}, {"start": "00:07:04", "end": "00:07:07", "text": "want to be. But there's stepping stones"}, {"start": "00:07:06", "end": "00:07:09", "text": "to get there. And you can look at last"}, {"start": "00:07:07", "end": "00:07:11", "text": "cycle. I know it's getting messy back"}, {"start": "00:07:09", "end": "00:07:14", "text": "there, but this was a stepping stone."}, {"start": "00:07:11", "end": "00:07:15", "text": "Pump, rejection, back down, boom, right?"}, {"start": "00:07:14", "end": "00:07:17", "text": "Maybe it's going to be pump, rejection,"}, {"start": "00:07:15", "end": "00:07:19", "text": "back down, boom. I don't know, but maybe"}, {"start": "00:07:17", "end": "00:07:21", "text": "we start getting monthly closes above"}, {"start": "00:07:19", "end": "00:07:24", "text": "the 20we. That's something I'm watching"}, {"start": "00:07:21", "end": "00:07:28", "text": "for. Here's Ethereum on the monthly as"}, {"start": "00:07:24", "end": "00:07:30", "text": "well. So, and and it's a really good"}, {"start": "00:07:28", "end": "00:07:34", "text": "altcoin indicator. I mention it all the"}, {"start": "00:07:30", "end": "00:07:36", "text": "time, but 2400 to the 20 month moving"}, {"start": "00:07:34", "end": "00:07:38", "text": "average, 2800."}, {"start": "00:07:36", "end": "00:07:42", "text": "Just watch that area. That's the area"}, {"start": "00:07:38", "end": "00:07:45", "text": "that I'm watching for Ethereum. That is"}, {"start": "00:07:42", "end": "00:07:48", "text": "17%. That move can happen in a week."}, {"start": "00:07:45", "end": "00:07:51", "text": "Okay. What does Ethereum do? How does it"}, {"start": "00:07:48", "end": "00:07:53", "text": "interact with the moving averages there?"}, {"start": "00:07:51", "end": "00:07:57", "text": "because"}, {"start": "00:07:53", "end": "00:07:58", "text": "the compression or consolidation"}, {"start": "00:07:57", "end": "00:08:00", "text": "whatever you want to talk whatever you"}, {"start": "00:07:58", "end": "00:08:03", "text": "want to call it between these two moving"}, {"start": "00:08:00", "end": "00:08:05", "text": "averages is so significant for the"}, {"start": "00:08:03", "end": "00:08:09", "text": "formation of an Ethereum bottom"}, {"start": "00:08:05", "end": "00:08:11", "text": "but likewise in a similar sense the"}, {"start": "00:08:09", "end": "00:08:13", "text": "break above both of these things and"}, {"start": "00:08:11", "end": "00:08:14", "text": "here's the 50-month we don't have enough"}, {"start": "00:08:13", "end": "00:08:18", "text": "data but you can imagine kind of right"}, {"start": "00:08:14", "end": "00:08:21", "text": "there look at this the post QT"}, {"start": "00:08:18", "end": "00:08:24", "text": "pump look at the resistance right there"}, {"start": "00:08:21", "end": "00:08:26", "text": "this is so crucial to the formation of"}, {"start": "00:08:24", "end": "00:08:28", "text": "the move, the big move, the breakout"}, {"start": "00:08:26", "end": "00:08:31", "text": "move. So, I'm watching Ethereum very"}, {"start": "00:08:28", "end": "00:08:33", "text": "closely right now in how it interacts"}, {"start": "00:08:31", "end": "00:08:36", "text": "with the 20 and the 50. And it really is"}, {"start": "00:08:33", "end": "00:08:37", "text": "a small range. It's a 17% range from the"}, {"start": "00:08:36", "end": "00:08:39", "text": "50 from where we are right now, I should"}, {"start": "00:08:37", "end": "00:08:41", "text": "say. It's around a 21% move to the"}, {"start": "00:08:39", "end": "00:08:44", "text": "20week moving average or 20-month moving"}, {"start": "00:08:41", "end": "00:08:46", "text": "average of around 2,800. So, from here"}, {"start": "00:08:44", "end": "00:08:48", "text": "to $2,800,"}, {"start": "00:08:46", "end": "00:08:52", "text": "what is Ethereum doing? That's what I'm"}, {"start": "00:08:48", "end": "00:08:55", "text": "watching. Uh this is Adony Adneers of"}, {"start": "00:08:52", "end": "00:08:56", "text": "right here of SUI. I want to look at a"}, {"start": "00:08:55", "end": "00:08:58", "text": "sweet chart and then we're going to look"}, {"start": "00:08:56", "end": "00:09:01", "text": "at Cardono chart. Bitcoin ETFs hold tens"}, {"start": "00:08:58", "end": "00:09:05", "text": "of billions in Bitcoin and can't put a"}, {"start": "00:09:01", "end": "00:09:08", "text": "single sat to work."}, {"start": "00:09:05", "end": "00:09:10", "text": "Hashi on will let them borrow stables"}, {"start": "00:09:08", "end": "00:09:12", "text": "issued debt and earned yield on that"}, {"start": "00:09:10", "end": "00:09:15", "text": "Bitcoin. Now I want to mention Cardano"}, {"start": "00:09:12", "end": "00:09:17", "text": "has similar type of"}, {"start": "00:09:15", "end": "00:09:19", "text": "vibes going in terms of tapping into"}, {"start": "00:09:17", "end": "00:09:22", "text": "Bitcoin liquidity offering some type of"}, {"start": "00:09:19", "end": "00:09:24", "text": "innovation for yield you know and all"}, {"start": "00:09:22", "end": "00:09:26", "text": "these different things and bringing the"}, {"start": "00:09:24", "end": "00:09:29", "text": "networks together. SUI is is one of them"}, {"start": "00:09:26", "end": "00:09:32", "text": "with I mean both of them Cardono and and"}, {"start": "00:09:29", "end": "00:09:34", "text": "SUI both getting institutional interest."}, {"start": "00:09:32", "end": "00:09:36", "text": "So I like to start the the videos in"}, {"start": "00:09:34", "end": "00:09:39", "text": "terms of charts by mentioning that"}, {"start": "00:09:36", "end": "00:09:41", "text": "because there is so much innovation"}, {"start": "00:09:39", "end": "00:09:42", "text": "happening outside of Bitcoin that's"}, {"start": "00:09:41", "end": "00:09:44", "text": "actually opening up the doors of"}, {"start": "00:09:42", "end": "00:09:47", "text": "opportunity for Bitcoin when it comes to"}, {"start": "00:09:44", "end": "00:09:49", "text": "networks like SUI Cardano and others."}, {"start": "00:09:47", "end": "00:09:50", "text": "But here's the chart for SUI. I want to"}, {"start": "00:09:49", "end": "00:09:52", "text": "just bring it up because, you know, as"}, {"start": "00:09:50", "end": "00:09:55", "text": "we discuss all of these macro indicators"}, {"start": "00:09:52", "end": "00:09:57", "text": "and everything, just look at this on the"}, {"start": "00:09:55", "end": "00:10:02", "text": "monthly and then I want to switch it to"}, {"start": "00:09:57", "end": "00:10:06", "text": "a weekly. But 1 2 3 4 5 6 7 eight red"}, {"start": "00:10:02", "end": "00:10:08", "text": "candles. I know this is green, but in my"}, {"start": "00:10:06", "end": "00:10:11", "text": "mind I'm just like, look at the green"}, {"start": "00:10:08", "end": "00:10:15", "text": "candle. It might as well be red. Just"}, {"start": "00:10:11", "end": "00:10:19", "text": "insane downside at 1.85%"}, {"start": "00:10:15", "end": "00:10:21", "text": "down, everybody. And right now kind of a"}, {"start": "00:10:19", "end": "00:10:24", "text": "glimmer of the bulls, right? A potential"}, {"start": "00:10:21", "end": "00:10:26", "text": "hint of the bulls."}, {"start": "00:10:24", "end": "00:10:30", "text": "If we look at the weekly chart, this is"}, {"start": "00:10:26", "end": "00:10:32", "text": "a just absolute reset of SUI as we start"}, {"start": "00:10:30", "end": "00:10:35", "text": "this new business cycle and liquidity"}, {"start": "00:10:32", "end": "00:10:36", "text": "cycle. Just look at the PMI. I'm going"}, {"start": "00:10:35", "end": "00:10:39", "text": "to continue tracking it. There can be"}, {"start": "00:10:36", "end": "00:10:41", "text": "choppiness for SUI. I think the first"}, {"start": "00:10:39", "end": "00:10:44", "text": "area in terms of trying to get a sense"}, {"start": "00:10:41", "end": "00:10:46", "text": "of can we enter bullish momentum? It's"}, {"start": "00:10:44", "end": "00:10:48", "text": "certainly not here at 94 cents. Some"}, {"start": "00:10:46", "end": "00:10:50", "text": "green candles are fine, but this is"}, {"start": "00:10:48", "end": "00:10:53", "text": "nothing. We need to see SUI break above"}, {"start": "00:10:50", "end": "00:10:54", "text": "A120ish, right at the 20week moving"}, {"start": "00:10:53", "end": "00:10:57", "text": "average is an area that I'm watching for"}, {"start": "00:10:54", "end": "00:10:59", "text": "SUI. The first good step to even get a"}, {"start": "00:10:57", "end": "00:11:02", "text": "potential move to that area is what's"}, {"start": "00:10:59", "end": "00:11:04", "text": "happening on the weekly uh MACD right"}, {"start": "00:11:02", "end": "00:11:07", "text": "now. You can see the this was actually"}, {"start": "00:11:04", "end": "00:11:09", "text": "forming weeks ago. Green histogram, MACD"}, {"start": "00:11:07", "end": "00:11:14", "text": "and blue just making its way above that"}, {"start": "00:11:09", "end": "00:11:18", "text": "that red signal line. So right now we"}, {"start": "00:11:14", "end": "00:11:20", "text": "have a nice short-term recipe for SUI to"}, {"start": "00:11:18", "end": "00:11:23", "text": "make its way to the 20. The question is"}, {"start": "00:11:20", "end": "00:11:25", "text": "what happens at like a$1.15 to120 at the"}, {"start": "00:11:23", "end": "00:11:27", "text": "20we moving average. That will be the"}, {"start": "00:11:25", "end": "00:11:29", "text": "first stepping stone. What we have right"}, {"start": "00:11:27", "end": "00:11:31", "text": "here a few green candles. It's like I"}, {"start": "00:11:29", "end": "00:11:33", "text": "think it's enough to be like all right I"}, {"start": "00:11:31", "end": "00:11:35", "text": "mean come on do something. But there is"}, {"start": "00:11:33", "end": "00:11:38", "text": "absolutely zero confirmation right now"}, {"start": "00:11:35", "end": "00:11:40", "text": "of the bottom formation being"}, {"start": "00:11:38", "end": "00:11:42", "text": "structurally in. So, we're going to"}, {"start": "00:11:40", "end": "00:11:44", "text": "continue watching this and the 20week"}, {"start": "00:11:42", "end": "00:11:45", "text": "moving average on SUI is the area that"}, {"start": "00:11:44", "end": "00:11:46", "text": "I'm watching. Going over to Cardano,"}, {"start": "00:11:45", "end": "00:11:48", "text": "Cardano's number of wallets holding at"}, {"start": "00:11:46", "end": "00:11:52", "text": "least 10 million ADA tokens has"}, {"start": "00:11:48", "end": "00:11:56", "text": "ballooned to a 4-month high of 424, a"}, {"start": "00:11:52", "end": "00:12:00", "text": "5.2% rise in 9 weeks. So, think about"}, {"start": "00:11:56", "end": "00:12:01", "text": "that during all this mess, right? And"}, {"start": "00:12:00", "end": "00:12:03", "text": "all the charts look the same. I mean,"}, {"start": "00:12:01", "end": "00:12:04", "text": "they really just do. All of these"}, {"start": "00:12:03", "end": "00:12:06", "text": "altcoin charts look pretty much the"}, {"start": "00:12:04", "end": "00:12:09", "text": "same. Just Cardano just falling,"}, {"start": "00:12:06", "end": "00:12:12", "text": "falling, falling. Wales basically what"}, {"start": "00:12:09", "end": "00:12:14", "text": "are they doing their positioning as"}, {"start": "00:12:12", "end": "00:12:15", "text": "retail leaves by the way and all in"}, {"start": "00:12:14", "end": "00:12:17", "text": "pretty much a lot of these altcoins it"}, {"start": "00:12:15", "end": "00:12:19", "text": "seems I mean if you just even look at"}, {"start": "00:12:17", "end": "00:12:21", "text": "sentiment alone all the data that just"}, {"start": "00:12:19", "end": "00:12:23", "text": "keeps coming out is institutions"}, {"start": "00:12:21", "end": "00:12:26", "text": "positioning whales accumulating in some"}, {"start": "00:12:23", "end": "00:12:28", "text": "sense and retail's gone so pay attention"}, {"start": "00:12:26", "end": "00:12:30", "text": "to that but what I wanted to point out"}, {"start": "00:12:28", "end": "00:12:31", "text": "to you on ADA on the daily chart we've"}, {"start": "00:12:30", "end": "00:12:33", "text": "been very zoomed out on these charts but"}, {"start": "00:12:31", "end": "00:12:35", "text": "on the daily chart for ADA as we wait"}, {"start": "00:12:33", "end": "00:12:39", "text": "for structure as we wait to see where's"}, {"start": "00:12:35", "end": "00:12:42", "text": "the bottom look at this MAC D action,"}, {"start": "00:12:39", "end": "00:12:44", "text": "this compression to the upside. And just"}, {"start": "00:12:42", "end": "00:12:45", "text": "notice how the MACD line is still below"}, {"start": "00:12:44", "end": "00:12:47", "text": "zero. If we're looking at this"}, {"start": "00:12:45", "end": "00:12:50", "text": "histogram, it's down there. But check"}, {"start": "00:12:47", "end": "00:12:51", "text": "this out. Look at this compression. And"}, {"start": "00:12:50", "end": "00:12:56", "text": "what was happening during all this"}, {"start": "00:12:51", "end": "00:12:58", "text": "compression, all this this mess, this"}, {"start": "00:12:56", "end": "00:13:01", "text": "Cardano is just game over. It's done."}, {"start": "00:12:58", "end": "00:13:03", "text": "That whole move, if you remember, just"}, {"start": "00:13:01", "end": "00:13:05", "text": "look at this. This is exactly where we"}, {"start": "00:13:03", "end": "00:13:07", "text": "are right now. I'm not I'm not saying"}, {"start": "00:13:05", "end": "00:13:10", "text": "it's a guarantee that things break out"}, {"start": "00:13:07", "end": "00:13:13", "text": "and we get a similar repeat, but the"}, {"start": "00:13:10", "end": "00:13:16", "text": "structural the structural formation and"}, {"start": "00:13:13", "end": "00:13:18", "text": "the momentum is very similar. And it's"}, {"start": "00:13:16", "end": "00:13:22", "text": "not just that time, everybody. Let me"}, {"start": "00:13:18", "end": "00:13:24", "text": "even go back at this one. Look at that"}, {"start": "00:13:22", "end": "00:13:26", "text": "compression. I'm sorry. That's the one"}, {"start": "00:13:24", "end": "00:13:29", "text": "we just looked at. This one, this was"}, {"start": "00:13:26", "end": "00:13:31", "text": "compression kind of after that 2022 low."}, {"start": "00:13:29", "end": "00:13:34", "text": "Just it's still just making its way."}, {"start": "00:13:31", "end": "00:13:36", "text": "It's falling. You know, maybe we put in"}, {"start": "00:13:34", "end": "00:13:38", "text": "a a low here in December 2022. We start"}, {"start": "00:13:36", "end": "00:13:40", "text": "pumping. All right, we're out of the"}, {"start": "00:13:38", "end": "00:13:43", "text": "mess. No, here we go. We keep going"}, {"start": "00:13:40", "end": "00:13:44", "text": "down. And during that moment of"}, {"start": "00:13:43", "end": "00:13:46", "text": "consolidation, there was that MACD"}, {"start": "00:13:44", "end": "00:13:48", "text": "decompression there. And you can even go"}, {"start": "00:13:46", "end": "00:13:51", "text": "all the way back here. Look at that MACD"}, {"start": "00:13:48", "end": "00:13:53", "text": "decompression. Probably most notably,"}, {"start": "00:13:51", "end": "00:13:56", "text": "when was that happening? Well, July"}, {"start": "00:13:53", "end": "00:13:59", "text": "2019, QT ended compression. What's"}, {"start": "00:13:56", "end": "00:14:03", "text": "happening right now? Well, December"}, {"start": "00:13:59", "end": "00:14:05", "text": "2025, QT ended compression. It's such a"}, {"start": "00:14:03", "end": "00:14:08", "text": "similar formation and setup right now."}, {"start": "00:14:05", "end": "00:14:11", "text": "And I would say fundamentally just in"}, {"start": "00:14:08", "end": "00:14:14", "text": "every aspect, not just Cardono, crypto"}, {"start": "00:14:11", "end": "00:14:16", "text": "as a whole"}, {"start": "00:14:14", "end": "00:14:19", "text": "is is the best position it's ever been"}, {"start": "00:14:16", "end": "00:14:21", "text": "as an asset class to grow in value. So"}, {"start": "00:14:19", "end": "00:14:24", "text": "I'm absolutely paying attention to"}, {"start": "00:14:21", "end": "00:14:27", "text": "fundamentals at the intersection of"}, {"start": "00:14:24", "end": "00:14:29", "text": "these technicals because I think there's"}, {"start": "00:14:27", "end": "00:14:30", "text": "just I I think it's just the best way to"}, {"start": "00:14:29", "end": "00:14:32", "text": "approach these markets and you know"}, {"start": "00:14:30", "end": "00:14:34", "text": "doing that we look at all the data it's"}, {"start": "00:14:32", "end": "00:14:37", "text": "the technicals it's the fundamentals of"}, {"start": "00:14:34", "end": "00:14:38", "text": "institutionalization and"}, {"start": "00:14:37", "end": "00:14:40", "text": "everything that's happening with"}, {"start": "00:14:38", "end": "00:14:42", "text": "administration and the clarity act and"}, {"start": "00:14:40", "end": "00:14:45", "text": "all of that and then it's also the"}, {"start": "00:14:42", "end": "00:14:47", "text": "technicals and everything going on in"}, {"start": "00:14:45", "end": "00:14:49", "text": "terms of a macroeconomic perspective"}, {"start": "00:14:47", "end": "00:14:51", "text": "economic growth that I think is very"}, {"start": "00:14:49", "end": "00:14:53", "text": "much in play. The new Fed chair that's"}, {"start": "00:14:51", "end": "00:14:55", "text": "coming in May. So much is going on right"}, {"start": "00:14:53", "end": "00:14:56", "text": "now. So, I'm just paying attention to it"}, {"start": "00:14:55", "end": "00:14:58", "text": "all. I wanted to kind of give an update"}, {"start": "00:14:56", "end": "00:15:00", "text": "on price action that's happening right"}, {"start": "00:14:58", "end": "00:15:01", "text": "now. I appreciate you all cruising"}, {"start": "00:15:00", "end": "00:15:04", "text": "through. I'll see you in the next video."}, {"start": "00:15:01", "end": "00:15:04", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "BTC gold has bottomed after 400 to 410"}, {"start": "00:00:04", "end": "00:00:09", "text": "days each cycle. We're now at the 420th"}, {"start": "00:00:07", "end": "00:00:11", "text": "day, which means the bottom is most"}, {"start": "00:00:09", "end": "00:00:13", "text": "likely in. We're going to look at the"}, {"start": "00:00:11", "end": "00:00:15", "text": "BTC gold that he's referencing, and"}, {"start": "00:00:13", "end": "00:00:19", "text": "we're going to compare it to the Bitcoin"}, {"start": "00:00:15", "end": "00:00:21", "text": "chart. So, BTC Gold versus cycle theory"}, {"start": "00:00:19", "end": "00:00:22", "text": "are both showing completely different"}, {"start": "00:00:21", "end": "00:00:24", "text": "things, and I think it's going to give"}, {"start": "00:00:22", "end": "00:00:27", "text": "us some insights in terms of what to"}, {"start": "00:00:24", "end": "00:00:29", "text": "anticipate for this cycle and the shift"}, {"start": "00:00:27", "end": "00:00:30", "text": "to any type of bull market. Before we do"}, {"start": "00:00:29", "end": "00:00:32", "text": "all this, before we break it all down, I"}, {"start": "00:00:30", "end": "00:00:34", "text": "want to give a thanks to Caleb and"}, {"start": "00:00:32", "end": "00:00:35", "text": "Brown, today's sponsor. Everybody, if"}, {"start": "00:00:34", "end": "00:00:37", "text": "you're in crypto, if you plan on staying"}, {"start": "00:00:35", "end": "00:00:39", "text": "in crypto, if you're trading, if you're"}, {"start": "00:00:37", "end": "00:00:40", "text": "a macro investor, you can get signed up"}, {"start": "00:00:39", "end": "00:00:42", "text": "with crypto with Caleb and Brown right"}, {"start": "00:00:40", "end": "00:00:45", "text": "now and get your own crypto broker,"}, {"start": "00:00:42", "end": "00:00:47", "text": "which is kind of a game changer in the"}, {"start": "00:00:45", "end": "00:00:50", "text": "industry. All the exchanges kind of do"}, {"start": "00:00:47", "end": "00:00:51", "text": "very similar things. Caleb and Brown"}, {"start": "00:00:50", "end": "00:00:53", "text": "stands out because when you sign up, you"}, {"start": "00:00:51", "end": "00:00:56", "text": "will have a broker reach out to you. You"}, {"start": "00:00:53", "end": "00:00:58", "text": "have 247 access with that broker to"}, {"start": "00:00:56", "end": "00:01:00", "text": "really just brainstorm, figure out your"}, {"start": "00:00:58", "end": "00:01:02", "text": "trades, figure out your approach to the"}, {"start": "00:01:00", "end": "00:01:04", "text": "cycles and I think it's a really cool"}, {"start": "00:01:02", "end": "00:01:07", "text": "valuable tool in terms of if you are a"}, {"start": "00:01:04", "end": "00:01:08", "text": "crypto person on your crypto journey. So"}, {"start": "00:01:07", "end": "00:01:11", "text": "get set up with Caleb and Brown. Let's"}, {"start": "00:01:08", "end": "00:01:13", "text": "go over here. So this is Gordon over"}, {"start": "00:01:11", "end": "00:01:16", "text": "here on X. BTC gold has bottomed after"}, {"start": "00:01:13", "end": "00:01:19", "text": "400 to 410 days each cycle. We're now at"}, {"start": "00:01:16", "end": "00:01:20", "text": "the 420th day. I saw this post too and"}, {"start": "00:01:19", "end": "00:01:24", "text": "then we're going to dig into this chart."}, {"start": "00:01:20", "end": "00:01:27", "text": "Very similar type of positioning here."}, {"start": "00:01:24", "end": "00:01:32", "text": "The BTC gold ratio bottomed after 395"}, {"start": "00:01:27", "end": "00:01:36", "text": "days in 2016, 396 days in 2019, and 395"}, {"start": "00:01:32", "end": "00:01:38", "text": "days in 2022. We're at 427."}, {"start": "00:01:36", "end": "00:01:41", "text": "Either the pattern breaks for the first"}, {"start": "00:01:38", "end": "00:01:43", "text": "time in a decade or gold holders are"}, {"start": "00:01:41", "end": "00:01:45", "text": "about to become Bitcoin exit liquidity."}, {"start": "00:01:43", "end": "00:01:46", "text": "So, I want to go to the Bitcoin gold"}, {"start": "00:01:45", "end": "00:01:48", "text": "chart and I really want to just very"}, {"start": "00:01:46", "end": "00:01:50", "text": "simply break this down with you. The"}, {"start": "00:01:48", "end": "00:01:52", "text": "first thing that I want to just tell you"}, {"start": "00:01:50", "end": "00:01:56", "text": "and we have to make note of this because"}, {"start": "00:01:52", "end": "00:01:58", "text": "it defines everything is when BTC gold"}, {"start": "00:01:56", "end": "00:02:01", "text": "did bottom on this chart that you see"}, {"start": "00:01:58", "end": "00:02:05", "text": "here all these times. This was the"}, {"start": "00:02:01", "end": "00:02:07", "text": "bottom for Bitcoin too. So it's not like"}, {"start": "00:02:05", "end": "00:02:10", "text": "just Bitcoin and gold was bottoming and"}, {"start": "00:02:07", "end": "00:02:13", "text": "Bitcoin hadn't bottomed yet. Bitcoin USD"}, {"start": "00:02:10", "end": "00:02:15", "text": "is what I'm referencing. BTCUSD bottomed"}, {"start": "00:02:13", "end": "00:02:17", "text": "in both in all of these instances as"}, {"start": "00:02:15", "end": "00:02:18", "text": "well. So these red boxes are what I want"}, {"start": "00:02:17", "end": "00:02:20", "text": "to kind of break down with you and then"}, {"start": "00:02:18", "end": "00:02:23", "text": "I want to just kind of look at it on the"}, {"start": "00:02:20", "end": "00:02:25", "text": "Bitcoin chart and see man the this"}, {"start": "00:02:23", "end": "00:02:27", "text": "versus Bitcoin for your theory are"}, {"start": "00:02:25", "end": "00:02:29", "text": "saying different things. So here's"}, {"start": "00:02:27", "end": "00:02:31", "text": "Bitcoin Gold I actually if you look at"}, {"start": "00:02:29", "end": "00:02:32", "text": "this chart for whatever reason maybe I"}, {"start": "00:02:31", "end": "00:02:36", "text": "have to find a better chart. I don't"}, {"start": "00:02:32", "end": "00:02:38", "text": "have it going back to um the swing high"}, {"start": "00:02:36", "end": "00:02:40", "text": "back here that they have. It's 395 days"}, {"start": "00:02:38", "end": "00:02:42", "text": "on their chart. I don't I don't have"}, {"start": "00:02:40", "end": "00:02:44", "text": "that timeline, but there's the bottom"}, {"start": "00:02:42", "end": "00:02:47", "text": "and you can just see the timeline that I"}, {"start": "00:02:44", "end": "00:02:49", "text": "do have just not as helpful, but 287"}, {"start": "00:02:47", "end": "00:02:51", "text": "days. But if we're looking at this"}, {"start": "00:02:49", "end": "00:02:53", "text": "chart, it's 395 days from the actual"}, {"start": "00:02:51", "end": "00:02:56", "text": "swing high to that swing low. And then"}, {"start": "00:02:53", "end": "00:02:58", "text": "we go to the next one and we look at the"}, {"start": "00:02:56", "end": "00:03:00", "text": "swing high to the swing low and we're"}, {"start": "00:02:58", "end": "00:03:03", "text": "looking at, you know, somewhere right"}, {"start": "00:03:00", "end": "00:03:06", "text": "around 413 days. And then this swing"}, {"start": "00:03:03", "end": "00:03:09", "text": "high to the swing low, somewhere around"}, {"start": "00:03:06", "end": "00:03:10", "text": "434 days. And by the way, I mean this"}, {"start": "00:03:09", "end": "00:03:11", "text": "maybe could move over a little bit"}, {"start": "00:03:10", "end": "00:03:15", "text": "there. Looks like the swing high was"}, {"start": "00:03:11", "end": "00:03:18", "text": "right there. So 420 days and then we go"}, {"start": "00:03:15", "end": "00:03:21", "text": "right now to the previous swing high."}, {"start": "00:03:18", "end": "00:03:23", "text": "Check this out. Basically back here to"}, {"start": "00:03:21", "end": "00:03:27", "text": "that previous swing low that we just had"}, {"start": "00:03:23", "end": "00:03:30", "text": "427 days. So you can just see this"}, {"start": "00:03:27", "end": "00:03:33", "text": "pattern here. And if we go and we look"}, {"start": "00:03:30", "end": "00:03:34", "text": "at Bitcoin now, we have something a"}, {"start": "00:03:33", "end": "00:03:36", "text": "little bit different happening because"}, {"start": "00:03:34", "end": "00:03:38", "text": "we start kind of getting into the"}, {"start": "00:03:36", "end": "00:03:40", "text": "Bitcoin four-year cycle theory. Just"}, {"start": "00:03:38", "end": "00:03:43", "text": "everything's moving at a very simple"}, {"start": "00:03:40", "end": "00:03:44", "text": "pace. Very just consistent. Doesn't"}, {"start": "00:03:43", "end": "00:03:47", "text": "matter what is going on in the world or"}, {"start": "00:03:44", "end": "00:03:51", "text": "with the macro. It is just a very"}, {"start": "00:03:47", "end": "00:03:52", "text": "consistent pace. So 420, 371, and then"}, {"start": "00:03:51", "end": "00:03:55", "text": "we go to this one. We're looking at"}, {"start": "00:03:52", "end": "00:03:57", "text": "around and by the way, this is I put"}, {"start": "00:03:55", "end": "00:03:59", "text": "these charts together very quickly. You"}, {"start": "00:03:57", "end": "00:04:01", "text": "could probably come down to the day and"}, {"start": "00:03:59", "end": "00:04:03", "text": "figure out these time frames exactly,"}, {"start": "00:04:01", "end": "00:04:05", "text": "but I'm trying to paint a picture for"}, {"start": "00:04:03", "end": "00:04:07", "text": "you. So, this most recent swing high."}, {"start": "00:04:05", "end": "00:04:11", "text": "So, look at the difference. 420, 371,"}, {"start": "00:04:07", "end": "00:04:15", "text": "406. Long kind of bare markets, right?"}, {"start": "00:04:11", "end": "00:04:18", "text": "We go to this one and we're at I mean,"}, {"start": "00:04:15", "end": "00:04:22", "text": "we're at around 196. So, if we want to"}, {"start": "00:04:18", "end": "00:04:24", "text": "extend this to say 400 days or even 350"}, {"start": "00:04:22", "end": "00:04:26", "text": "to 400 days, we're going towards the end"}, {"start": "00:04:24", "end": "00:04:28", "text": "of the year. And this is what we're"}, {"start": "00:04:26", "end": "00:04:30", "text": "seeing from people that are just like"}, {"start": "00:04:28", "end": "00:04:33", "text": "the four-ear cycle theory. Bitcoin's"}, {"start": "00:04:30", "end": "00:04:34", "text": "going to bottom October, November,"}, {"start": "00:04:33", "end": "00:04:35", "text": "December, end of the year. That's what's"}, {"start": "00:04:34", "end": "00:04:37", "text": "going to happen. And this is where this"}, {"start": "00:04:35", "end": "00:04:39", "text": "is really coming from. Not exact. Their"}, {"start": "00:04:37", "end": "00:04:41", "text": "charts are prettier. Their charts are"}, {"start": "00:04:39", "end": "00:04:42", "text": "probably better down to the day. I'm"}, {"start": "00:04:41", "end": "00:04:45", "text": "just trying to paint you a picture. Look"}, {"start": "00:04:42", "end": "00:04:48", "text": "at the difference, though. One of these"}, {"start": "00:04:45", "end": "00:04:50", "text": "is going to be right. And actually, I I"}, {"start": "00:04:48", "end": "00:04:52", "text": "shouldn't even say that. Here's Bitcoin"}, {"start": "00:04:50", "end": "00:04:55", "text": "four-year cycle, right? End of the year"}, {"start": "00:04:52", "end": "00:04:57", "text": "bottoming. Here's BTC gold already"}, {"start": "00:04:55", "end": "00:04:59", "text": "bottomed. What if neither one is right?"}, {"start": "00:04:57", "end": "00:05:01", "text": "Right. We I I think as a bull maybe you"}, {"start": "00:04:59", "end": "00:05:03", "text": "want to sit here and be like, \"Dude, BTC"}, {"start": "00:05:01", "end": "00:05:05", "text": "versus gold, that is right.\" And"}, {"start": "00:05:03", "end": "00:05:08", "text": "especially we have data from copper"}, {"start": "00:05:05", "end": "00:05:11", "text": "versus gold. Look at this. Every time"}, {"start": "00:05:08", "end": "00:05:13", "text": "this chart has bottomed, we see a crypto"}, {"start": "00:05:11", "end": "00:05:14", "text": "bull, right? And and not only that, we"}, {"start": "00:05:13", "end": "00:05:16", "text": "have an indicator here, the MACD. I just"}, {"start": "00:05:14", "end": "00:05:18", "text": "covered this in a video the other day."}, {"start": "00:05:16", "end": "00:05:20", "text": "Um if we're looking at this MACD, did"}, {"start": "00:05:18", "end": "00:05:22", "text": "this actually did the signal line? Not"}, {"start": "00:05:20", "end": "00:05:24", "text": "yet, but the signal line is just about"}, {"start": "00:05:22", "end": "00:05:26", "text": "to make its way above that or the the"}, {"start": "00:05:24", "end": "00:05:28", "text": "MACD line about to make its way above"}, {"start": "00:05:26", "end": "00:05:30", "text": "that signal line. Every time this"}, {"start": "00:05:28", "end": "00:05:33", "text": "happens, this is the beginning of a"}, {"start": "00:05:30", "end": "00:05:36", "text": "crypto bull or I should say this is the"}, {"start": "00:05:33", "end": "00:05:37", "text": "bottom of crypto bear, right? So, with"}, {"start": "00:05:36", "end": "00:05:40", "text": "that being said, that's another"}, {"start": "00:05:37", "end": "00:05:42", "text": "indicator that plays along with a BTC"}, {"start": "00:05:40", "end": "00:05:45", "text": "gold chart. Now, what's going to be"}, {"start": "00:05:42", "end": "00:05:48", "text": "right, BTC gold and the copper gold"}, {"start": "00:05:45", "end": "00:05:50", "text": "chart or fouryear cycle? Back to my"}, {"start": "00:05:48", "end": "00:05:53", "text": "point, what if what if neither are what"}, {"start": "00:05:50", "end": "00:05:55", "text": "if neither are correct? I saw a really"}, {"start": "00:05:53", "end": "00:05:56", "text": "compelling chart yesterday. I wasn't"}, {"start": "00:05:55", "end": "00:05:58", "text": "going to bring this up in this video,"}, {"start": "00:05:56", "end": "00:06:01", "text": "but very compelling chart on the S&P"}, {"start": "00:05:58", "end": "00:06:04", "text": "500, and somebody was very simply just"}, {"start": "00:06:01", "end": "00:06:06", "text": "saying, you know what, their thesis was"}, {"start": "00:06:04", "end": "00:06:09", "text": "we're getting this bounce. There's one"}, {"start": "00:06:06", "end": "00:06:11", "text": "more capitulation like going into May"}, {"start": "00:06:09", "end": "00:06:14", "text": "that puts in another low and then the"}, {"start": "00:06:11", "end": "00:06:16", "text": "bottom will be in for S&P 500, right?"}, {"start": "00:06:14", "end": "00:06:20", "text": "What if something like that played off"}, {"start": "00:06:16", "end": "00:06:22", "text": "played out on this Bitcoin gold chart?"}, {"start": "00:06:20", "end": "00:06:25", "text": "And that is to say, this wasn't like the"}, {"start": "00:06:22", "end": "00:06:28", "text": "immediate bottom. What if the bottom is"}, {"start": "00:06:25", "end": "00:06:30", "text": "kind of in May and BTC versus gold kind"}, {"start": "00:06:28", "end": "00:06:32", "text": "of actually does dip a little bit lower,"}, {"start": "00:06:30", "end": "00:06:35", "text": "right? Capitulates of sorts and then the"}, {"start": "00:06:32", "end": "00:06:37", "text": "bottom's there. So maybe the bottom's"}, {"start": "00:06:35", "end": "00:06:40", "text": "not in yet. Maybe it is and we get a"}, {"start": "00:06:37", "end": "00:06:43", "text": "higher low, but maybe we're putting in a"}, {"start": "00:06:40", "end": "00:06:46", "text": "structural bottom right now."}, {"start": "00:06:43", "end": "00:06:47", "text": "And it's an in between of Bitcoin"}, {"start": "00:06:46", "end": "00:06:50", "text": "four-year cycle that you see here, end"}, {"start": "00:06:47", "end": "00:06:53", "text": "of the year bottom and BTC gold bottom"}, {"start": "00:06:50", "end": "00:06:55", "text": "is in now. Bottom is in for crypto now."}, {"start": "00:06:53", "end": "00:06:57", "text": "What if it's in between? What if this is"}, {"start": "00:06:55", "end": "00:06:59", "text": "the and this would be the first cycle"}, {"start": "00:06:57", "end": "00:07:01", "text": "because this is what's crazy. There has"}, {"start": "00:06:59", "end": "00:07:04", "text": "been consistency on the Bitcoin gold"}, {"start": "00:07:01", "end": "00:07:07", "text": "chart. There's been consistency on the"}, {"start": "00:07:04", "end": "00:07:09", "text": "uh Bitcoin four-year cycle chart. What"}, {"start": "00:07:07", "end": "00:07:12", "text": "if this cycle for the first time they"}, {"start": "00:07:09", "end": "00:07:13", "text": "break? And you know what? I think there"}, {"start": "00:07:12", "end": "00:07:15", "text": "is such a strong possibility and you"}, {"start": "00:07:13", "end": "00:07:17", "text": "know why? Because there is a missing"}, {"start": "00:07:15", "end": "00:07:20", "text": "ingredient that I've been talking about"}, {"start": "00:07:17", "end": "00:07:23", "text": "non-stop that I don't see most analysts"}, {"start": "00:07:20", "end": "00:07:25", "text": "talking about. Not not all but most. And"}, {"start": "00:07:23", "end": "00:07:27", "text": "it's this."}, {"start": "00:07:25", "end": "00:07:30", "text": "This is the Bitcoin chart. That is a"}, {"start": "00:07:27", "end": "00:07:33", "text": "blue overlay. That's the PMI. That is"}, {"start": "00:07:30", "end": "00:07:36", "text": "the economic activity that has been"}, {"start": "00:07:33", "end": "00:07:39", "text": "suppressed and contracted for years."}, {"start": "00:07:36", "end": "00:07:41", "text": "This is the first time where it's been"}, {"start": "00:07:39", "end": "00:07:45", "text": "this suppressed and contracted. Every"}, {"start": "00:07:41", "end": "00:07:48", "text": "bull cycle for crypto has aligned with"}, {"start": "00:07:45", "end": "00:07:50", "text": "an expansion of the PMI. That's just the"}, {"start": "00:07:48", "end": "00:07:52", "text": "way the story has gone. And we've not"}, {"start": "00:07:50", "end": "00:07:54", "text": "had expansion yet. We've had"}, {"start": "00:07:52", "end": "00:07:56", "text": "record-breaking contraction and"}, {"start": "00:07:54", "end": "00:07:57", "text": "suppression. That's why I think whether"}, {"start": "00:07:56", "end": "00:07:59", "text": "you're looking at Bitcoin chart or"}, {"start": "00:07:57", "end": "00:08:01", "text": "something like an altcoin chart like"}, {"start": "00:07:59", "end": "00:08:03", "text": "Ethereum that's just been sideways all"}, {"start": "00:08:01", "end": "00:08:06", "text": "cycle. This is why I think it's because"}, {"start": "00:08:03", "end": "00:08:08", "text": "of this. And if all of these charts are"}, {"start": "00:08:06", "end": "00:08:10", "text": "getting broken, all these timelines that"}, {"start": "00:08:08", "end": "00:08:13", "text": "we like to just think about like, man,"}, {"start": "00:08:10", "end": "00:08:15", "text": "all right, Bitcoin versus gold around"}, {"start": "00:08:13", "end": "00:08:19", "text": "400 days, it bottoms, we're bottomed,"}, {"start": "00:08:15", "end": "00:08:21", "text": "done. Or Bitcoin chart, four-year cycle"}, {"start": "00:08:19", "end": "00:08:23", "text": "around 400 days or whatever it is, it's"}, {"start": "00:08:21", "end": "00:08:25", "text": "bottomed, it's done. We we're on a"}, {"start": "00:08:23", "end": "00:08:27", "text": "calendar of bull markets, apparently."}, {"start": "00:08:25", "end": "00:08:30", "text": "What if all of that is broken for the"}, {"start": "00:08:27", "end": "00:08:34", "text": "first time this cycle? And what if it's"}, {"start": "00:08:30", "end": "00:08:36", "text": "because of this the PMI, the business"}, {"start": "00:08:34", "end": "00:08:39", "text": "cycle, what's going on in terms of"}, {"start": "00:08:36", "end": "00:08:42", "text": "economic expansion because every time we"}, {"start": "00:08:39", "end": "00:08:44", "text": "get bull markets, it's with expansion."}, {"start": "00:08:42", "end": "00:08:45", "text": "So, I wanted to bring that up because"}, {"start": "00:08:44", "end": "00:08:47", "text": "that's kind of I think could be a"}, {"start": "00:08:45", "end": "00:08:49", "text": "missing a missing piece to this entire"}, {"start": "00:08:47", "end": "00:08:51", "text": "puzzle and we won't know until it"}, {"start": "00:08:49", "end": "00:08:53", "text": "happens and in hindsight we say, \"Wow,"}, {"start": "00:08:51", "end": "00:08:55", "text": "that's what that's what happened.\""}, {"start": "00:08:53", "end": "00:08:57", "text": "Either way, nobody knows. I'm trying to"}, {"start": "00:08:55", "end": "00:08:59", "text": "be prepared for all scenarios and I"}, {"start": "00:08:57", "end": "00:09:00", "text": "think that's that's really the best"}, {"start": "00:08:59", "end": "00:09:02", "text": "approach especially right now. Markets"}, {"start": "00:09:00", "end": "00:09:05", "text": "are so volatile. There is so much"}, {"start": "00:09:02", "end": "00:09:08", "text": "unknown. There is a very strong case for"}, {"start": "00:09:05", "end": "00:09:09", "text": "another dip as we put in a structural"}, {"start": "00:09:08", "end": "00:09:12", "text": "bottom and that's coming from somebody"}, {"start": "00:09:09", "end": "00:09:14", "text": "who who doesn't think it'll be the end"}, {"start": "00:09:12", "end": "00:09:17", "text": "of the year where we bottom. I think"}, {"start": "00:09:14", "end": "00:09:19", "text": "it's way closer than that. But there's"}, {"start": "00:09:17", "end": "00:09:20", "text": "there's definitely the potential for a"}, {"start": "00:09:19", "end": "00:09:22", "text": "lot of volatility. So be careful out"}, {"start": "00:09:20", "end": "00:09:23", "text": "there everybody. I wanted to present"}, {"start": "00:09:22", "end": "00:09:24", "text": "this data to you. Hopefully it was"}, {"start": "00:09:23", "end": "00:09:26", "text": "helpful. I appreciate you cruising"}, {"start": "00:09:24", "end": "00:09:27", "text": "through. Hit the subscribe if you're not"}, {"start": "00:09:26", "end": "00:09:29", "text": "a subscriber. And if you enjoyed the"}, {"start": "00:09:27", "end": "00:09:30", "text": "content, your like does mean a lot to"}, {"start": "00:09:29", "end": "00:09:31", "text": "me. It supports the channel. So,"}, {"start": "00:09:30", "end": "00:09:35", "text": "appreciate you. I'll see you in the next"}, {"start": "00:09:31", "end": "00:09:35", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "So, I know many people might disagree"}, {"start": "00:00:02", "end": "00:00:06", "text": "with my take on this whole situation"}, {"start": "00:00:04", "end": "00:00:09", "text": "with the Middle East, with the oil, and"}, {"start": "00:00:06", "end": "00:00:11", "text": "that's okay. But I want to lay out for"}, {"start": "00:00:09", "end": "00:00:13", "text": "you my thoughts on what is going on"}, {"start": "00:00:11", "end": "00:00:16", "text": "right now. Many of you might know I'm a"}, {"start": "00:00:13", "end": "00:00:18", "text": "macro investor. So, what's very"}, {"start": "00:00:16", "end": "00:00:20", "text": "important to me amidst the chaos that is"}, {"start": "00:00:18", "end": "00:00:22", "text": "happening right now and the short-term"}, {"start": "00:00:20", "end": "00:00:23", "text": "volatility, it's Sunday, markets are not"}, {"start": "00:00:22", "end": "00:00:26", "text": "open yet. Pre-market is probably going"}, {"start": "00:00:23", "end": "00:00:28", "text": "to be crazy. Oil, we have to monitor."}, {"start": "00:00:26", "end": "00:00:31", "text": "We're going to talk more about that, but"}, {"start": "00:00:28", "end": "00:00:33", "text": "I want to talk about why I think what's"}, {"start": "00:00:31", "end": "00:00:35", "text": "happening in the bigger picture is the"}, {"start": "00:00:33", "end": "00:00:37", "text": "most important thing to pay attention"}, {"start": "00:00:35", "end": "00:00:40", "text": "to. So, let's first talk about what"}, {"start": "00:00:37", "end": "00:00:43", "text": "Trump just said. He basically said that"}, {"start": "00:00:40", "end": "00:00:48", "text": "the US has more oil than the next two"}, {"start": "00:00:43", "end": "00:00:50", "text": "largest oil economies combined. And the"}, {"start": "00:00:48", "end": "00:00:54", "text": "reason why it's so important that we pay"}, {"start": "00:00:50", "end": "00:00:59", "text": "attention to that is because earlier"}, {"start": "00:00:54", "end": "00:01:02", "text": "today Trump announced a full US naval"}, {"start": "00:00:59", "end": "00:01:04", "text": "blockade of the straight of Hormuz. So"}, {"start": "00:01:02", "end": "00:01:08", "text": "peace talks as you might have seen have"}, {"start": "00:01:04", "end": "00:01:10", "text": "completely collapsed overnight"}, {"start": "00:01:08", "end": "00:01:11", "text": "uh in Pakistan. Vance walked away from"}, {"start": "00:01:10", "end": "00:01:14", "text": "the deal. He just completely walked away"}, {"start": "00:01:11", "end": "00:01:18", "text": "from the table. And Trump went on truth"}, {"start": "00:01:14", "end": "00:01:21", "text": "social and he said effective immediately"}, {"start": "00:01:18", "end": "00:01:23", "text": "the US Navy will blockade any and all"}, {"start": "00:01:21", "end": "00:01:26", "text": "ships that are trying to enter or leave"}, {"start": "00:01:23", "end": "00:01:28", "text": "the straight of Hormuse. So he also said"}, {"start": "00:01:26", "end": "00:01:31", "text": "that the Navy will intercept every"}, {"start": "00:01:28", "end": "00:01:33", "text": "vessel that's trying to pass uh that"}, {"start": "00:01:31", "end": "00:01:37", "text": "paid a toll to Iran because Iran was"}, {"start": "00:01:33", "end": "00:01:39", "text": "charging tolls to to advance. Now I know"}, {"start": "00:01:37", "end": "00:01:42", "text": "all of this is not like typical crypto"}, {"start": "00:01:39", "end": "00:01:43", "text": "content, right? But please just stick"}, {"start": "00:01:42", "end": "00:01:45", "text": "with me here because what's happening"}, {"start": "00:01:43", "end": "00:01:47", "text": "right now in the energy markets plays"}, {"start": "00:01:45", "end": "00:01:50", "text": "into everything that I've been"}, {"start": "00:01:47", "end": "00:01:53", "text": "discussing in my videos in terms of the"}, {"start": "00:01:50", "end": "00:01:55", "text": "economy and economic growth that I think"}, {"start": "00:01:53", "end": "00:01:57", "text": "is actually happening right now. And I"}, {"start": "00:01:55", "end": "00:01:59", "text": "think Trump is actually trying to"}, {"start": "00:01:57", "end": "00:02:01", "text": "position the US for that growth in a way"}, {"start": "00:01:59", "end": "00:02:04", "text": "that we've not seen in a very long time."}, {"start": "00:02:01", "end": "00:02:06", "text": "So what's happening right now in energy"}, {"start": "00:02:04", "end": "00:02:10", "text": "markets? If you're a crypto holder, it"}, {"start": "00:02:06", "end": "00:02:12", "text": "directly affects liquidity that drive"}, {"start": "00:02:10", "end": "00:02:14", "text": "risk assets and that includes crypto,"}, {"start": "00:02:12", "end": "00:02:17", "text": "especially crypto."}, {"start": "00:02:14", "end": "00:02:20", "text": "So, just everything I'm about to explain"}, {"start": "00:02:17", "end": "00:02:22", "text": "to you with the oil, keep that in mind"}, {"start": "00:02:20", "end": "00:02:24", "text": "with clarity and the rumors circulating"}, {"start": "00:02:22", "end": "00:02:26", "text": "right now about the regulatory clarity"}, {"start": "00:02:24", "end": "00:02:28", "text": "and a deal being reached with the"}, {"start": "00:02:26", "end": "00:02:31", "text": "Clarity Act. So, there's a lot going on"}, {"start": "00:02:28", "end": "00:02:33", "text": "on the macro scope. the to the timing of"}, {"start": "00:02:31", "end": "00:02:35", "text": "all of this happening at once, I think"}, {"start": "00:02:33", "end": "00:02:38", "text": "is"}, {"start": "00:02:35", "end": "00:02:40", "text": "short-term volatile, but it's a little"}, {"start": "00:02:38", "end": "00:02:42", "text": "bit exciting to to look at on the zoomed"}, {"start": "00:02:40", "end": "00:02:45", "text": "out. So, oil markets right now, again,"}, {"start": "00:02:42", "end": "00:02:46", "text": "as I do the video, they're closed. It's"}, {"start": "00:02:45", "end": "00:02:49", "text": "Sunday, but futures are going to be"}, {"start": "00:02:46", "end": "00:02:51", "text": "opening pretty soon, very soon. And"}, {"start": "00:02:49", "end": "00:02:54", "text": "probably why you're watching this video,"}, {"start": "00:02:51", "end": "00:02:57", "text": "there's a very strong chance that we see"}, {"start": "00:02:54", "end": "00:02:59", "text": "a gap up when they do open. pre-markets"}, {"start": "00:02:57", "end": "00:03:01", "text": "are going to be very volatile. And then"}, {"start": "00:02:59", "end": "00:03:04", "text": "even going into tomorrow, by the most by"}, {"start": "00:03:01", "end": "00:03:06", "text": "the time most people wake up tomorrow,"}, {"start": "00:03:04", "end": "00:03:09", "text": "there's probably going to be a lot of"}, {"start": "00:03:06", "end": "00:03:11", "text": "this priced in already, but it might not"}, {"start": "00:03:09", "end": "00:03:13", "text": "be over in terms of the volatility or in"}, {"start": "00:03:11", "end": "00:03:17", "text": "terms of potential downside if there are"}, {"start": "00:03:13", "end": "00:03:19", "text": "no new positive events that happen"}, {"start": "00:03:17", "end": "00:03:21", "text": "between now and then. So, I want to walk"}, {"start": "00:03:19", "end": "00:03:24", "text": "you through what I'm thinking about"}, {"start": "00:03:21", "end": "00:03:27", "text": "right now before the markets do open. So"}, {"start": "00:03:24", "end": "00:03:28", "text": "shortterm, it's going to create fear. It"}, {"start": "00:03:27", "end": "00:03:30", "text": "already has, and you're going to"}, {"start": "00:03:28", "end": "00:03:33", "text": "probably see that in the pre-markets,"}, {"start": "00:03:30", "end": "00:03:35", "text": "and it's warranted. I mean, we saw uh"}, {"start": "00:03:33", "end": "00:03:38", "text": "well, first off, oil closed at like $95"}, {"start": "00:03:35", "end": "00:03:40", "text": "on Friday, right? Earlier on in the war"}, {"start": "00:03:38", "end": "00:03:42", "text": "when all of this started, we saw oil at"}, {"start": "00:03:40", "end": "00:03:44", "text": "like $110"}, {"start": "00:03:42", "end": "00:03:45", "text": "and it was very volatile and then it"}, {"start": "00:03:44", "end": "00:03:47", "text": "came back down with good news, goes back"}, {"start": "00:03:45", "end": "00:03:51", "text": "up with bad news, and that's just how"}, {"start": "00:03:47", "end": "00:03:54", "text": "that this has been progressing. So"}, {"start": "00:03:51", "end": "00:03:56", "text": "with that being said, we have Saudi"}, {"start": "00:03:54", "end": "00:04:00", "text": "production capacity"}, {"start": "00:03:56", "end": "00:04:02", "text": "was down around 600,000 barrels a day"}, {"start": "00:04:00", "end": "00:04:05", "text": "from attacks on their infrastructure."}, {"start": "00:04:02", "end": "00:04:07", "text": "And on top of that, there are Iranian"}, {"start": "00:04:05", "end": "00:04:11", "text": "mines in the straight of Hormuz in the"}, {"start": "00:04:07", "end": "00:04:13", "text": "water. And now the US is actively"}, {"start": "00:04:11", "end": "00:04:15", "text": "blockading the straight of Hormuz"}, {"start": "00:04:13", "end": "00:04:18", "text": "basically"}, {"start": "00:04:15", "end": "00:04:22", "text": "on top of Iran already restricting it."}, {"start": "00:04:18", "end": "00:04:24", "text": "So, when it comes to oil prices, we're"}, {"start": "00:04:22", "end": "00:04:27", "text": "probably going to see it go above $100."}, {"start": "00:04:24", "end": "00:04:31", "text": "We're going to see it push above $100"}, {"start": "00:04:27", "end": "00:04:33", "text": "higher than $100, $110, depending on how"}, {"start": "00:04:31", "end": "00:04:36", "text": "this week plays out, depending on how"}, {"start": "00:04:33", "end": "00:04:40", "text": "the next even 24 hours play out. But"}, {"start": "00:04:36", "end": "00:04:44", "text": "what I want to monitor is $120. $120 oil"}, {"start": "00:04:40", "end": "00:04:46", "text": "is the line that I think the the whole"}, {"start": "00:04:44", "end": "00:04:48", "text": "macro setup starts getting a little bit"}, {"start": "00:04:46", "end": "00:04:51", "text": "fragile. the macro setup that I've been"}, {"start": "00:04:48", "end": "00:04:52", "text": "discussing, it starts getting fragile. I"}, {"start": "00:04:51", "end": "00:04:55", "text": "don't want to say it breaks"}, {"start": "00:04:52", "end": "00:04:57", "text": "automatically, but $120, that's where"}, {"start": "00:04:55", "end": "00:05:00", "text": "consumer pain at the pump starts"}, {"start": "00:04:57", "end": "00:05:02", "text": "overwhelming everything else. Inflation,"}, {"start": "00:05:00", "end": "00:05:04", "text": "it's going to start reigniting. And I"}, {"start": "00:05:02", "end": "00:05:07", "text": "know that there's short-term inflation"}, {"start": "00:05:04", "end": "00:05:09", "text": "pop right now because of this situation,"}, {"start": "00:05:07", "end": "00:05:11", "text": "but this could turn into a midterm thing"}, {"start": "00:05:09", "end": "00:05:14", "text": "if this doesn't get under control sooner"}, {"start": "00:05:11", "end": "00:05:17", "text": "than later. And if $120,"}, {"start": "00:05:14", "end": "00:05:20", "text": "if that becomes like a new benchmark of"}, {"start": "00:05:17", "end": "00:05:23", "text": "sorts, if we see oil at 120, closing"}, {"start": "00:05:20", "end": "00:05:25", "text": "above 120 consistently. And so with that"}, {"start": "00:05:23", "end": "00:05:28", "text": "being said, the the Fed also will lose"}, {"start": "00:05:25", "end": "00:05:30", "text": "its flexibility. So we're we're closer"}, {"start": "00:05:28", "end": "00:05:32", "text": "to that happening today than we were on"}, {"start": "00:05:30", "end": "00:05:33", "text": "Friday. I mean, we went into this"}, {"start": "00:05:32", "end": "00:05:36", "text": "weekend hoping for good talks in"}, {"start": "00:05:33", "end": "00:05:38", "text": "Pakistan and it just didn't happen."}, {"start": "00:05:36", "end": "00:05:40", "text": "That's just reality. And so we have to"}, {"start": "00:05:38", "end": "00:05:43", "text": "be very careful and cautious on the"}, {"start": "00:05:40", "end": "00:05:45", "text": "short term for volatility and just"}, {"start": "00:05:43", "end": "00:05:49", "text": "understand like if this doesn't get"}, {"start": "00:05:45", "end": "00:05:51", "text": "resolved in in a nice way or a positive"}, {"start": "00:05:49", "end": "00:05:54", "text": "way and there's a lot of data we need to"}, {"start": "00:05:51", "end": "00:05:56", "text": "track for that then this this short-term"}, {"start": "00:05:54", "end": "00:05:58", "text": "thing might actually turn into more of a"}, {"start": "00:05:56", "end": "00:06:01", "text": "midterm thing and there could be a lot"}, {"start": "00:05:58", "end": "00:06:04", "text": "of volatility with that being said. But"}, {"start": "00:06:01", "end": "00:06:07", "text": "with that being said, here's what I"}, {"start": "00:06:04", "end": "00:06:09", "text": "think people are going to miss"}, {"start": "00:06:07", "end": "00:06:12", "text": "during this panic because I'm presenting"}, {"start": "00:06:09", "end": "00:06:14", "text": "the potential danger here. But because"}, {"start": "00:06:12", "end": "00:06:16", "text": "of that danger, there's panic. There's"}, {"start": "00:06:14", "end": "00:06:19", "text": "people thinking this is the worst. It's"}, {"start": "00:06:16", "end": "00:06:20", "text": "so bad, you know, and Monday might not"}, {"start": "00:06:19", "end": "00:06:24", "text": "look good. Tomorrow's open might not"}, {"start": "00:06:20", "end": "00:06:27", "text": "look good. But let me paint you a"}, {"start": "00:06:24", "end": "00:06:30", "text": "picture. Let's go back a few months to"}, {"start": "00:06:27", "end": "00:06:33", "text": "January. In January, the US captured"}, {"start": "00:06:30", "end": "00:06:35", "text": "Maduro, took control of Venezuela's oil,"}, {"start": "00:06:33", "end": "00:06:39", "text": "and what did they do? They rerouted tens"}, {"start": "00:06:35", "end": "00:06:43", "text": "of millions of barrels"}, {"start": "00:06:39", "end": "00:06:45", "text": "away from China, away from Russia."}, {"start": "00:06:43", "end": "00:06:48", "text": "And where did they where did they send"}, {"start": "00:06:45", "end": "00:06:50", "text": "those those barrels? Straight to the"}, {"start": "00:06:48", "end": "00:06:51", "text": "Gulf Coast."}, {"start": "00:06:50", "end": "00:06:53", "text": "And at the time, everyone kind of just"}, {"start": "00:06:51", "end": "00:06:56", "text": "saw that, man, it's a power move. Man,"}, {"start": "00:06:53", "end": "00:06:58", "text": "that's just a geopolitical move. well"}, {"start": "00:06:56", "end": "00:07:00", "text": "played in terms of supply positioning"}, {"start": "00:06:58", "end": "00:07:03", "text": "for US and Trump made a made a move"}, {"start": "00:07:00", "end": "00:07:05", "text": "there, right? But you know what they"}, {"start": "00:07:03", "end": "00:07:08", "text": "were building a buffer before anyone"}, {"start": "00:07:05", "end": "00:07:12", "text": "understood why. So what they did back in"}, {"start": "00:07:08", "end": "00:07:15", "text": "January in terms of Vene Venezuela is"}, {"start": "00:07:12", "end": "00:07:19", "text": "right now in real time as I do the video"}, {"start": "00:07:15", "end": "00:07:22", "text": "playing out for"}, {"start": "00:07:19", "end": "00:07:23", "text": "strong economic benefit of the US"}, {"start": "00:07:22", "end": "00:07:26", "text": "because guess what happened after"}, {"start": "00:07:23", "end": "00:07:28", "text": "Venezuela? We know what happened. Iran"}, {"start": "00:07:26", "end": "00:07:32", "text": "happened and then Iran, what did they"}, {"start": "00:07:28", "end": "00:07:35", "text": "do? They shut down Hermoose and the US"}, {"start": "00:07:32", "end": "00:07:39", "text": "already had the backup supply flowing."}, {"start": "00:07:35", "end": "00:07:41", "text": "American crude exports surged to record"}, {"start": "00:07:39", "end": "00:07:43", "text": "levels. I want to show you a map uh in"}, {"start": "00:07:41", "end": "00:07:46", "text": "terms of these super tankers that are"}, {"start": "00:07:43", "end": "00:07:49", "text": "right now just flooding to the the Gulf"}, {"start": "00:07:46", "end": "00:07:50", "text": "of America for oil."}, {"start": "00:07:49", "end": "00:07:53", "text": "And that's what's happening. The world"}, {"start": "00:07:50", "end": "00:07:56", "text": "is scrambling for alternatives. The US"}, {"start": "00:07:53", "end": "00:07:59", "text": "went from being dependent"}, {"start": "00:07:56", "end": "00:08:01", "text": "for oil and now they're the alternative."}, {"start": "00:07:59", "end": "00:08:04", "text": "That's what's happening right now. It's"}, {"start": "00:08:01", "end": "00:08:06", "text": "playing out in real time. And now with"}, {"start": "00:08:04", "end": "00:08:09", "text": "Trump blockading the straight of Hormuse"}, {"start": "00:08:06", "end": "00:08:11", "text": "himself, the message to the world is"}, {"start": "00:08:09", "end": "00:08:12", "text": "very simple and it's very clear. And I"}, {"start": "00:08:11", "end": "00:08:16", "text": "think this is what we're going to start"}, {"start": "00:08:12", "end": "00:08:20", "text": "seeing play out. And that is the global"}, {"start": "00:08:16", "end": "00:08:21", "text": "energy supply. It doesn't run through"}, {"start": "00:08:20", "end": "00:08:23", "text": "Hormuz anymore. the straight of Hormuz"}, {"start": "00:08:21", "end": "00:08:26", "text": "anymore. It runs through the Gulf of"}, {"start": "00:08:23", "end": "00:08:30", "text": "America of of America. And here's the"}, {"start": "00:08:26", "end": "00:08:32", "text": "thing, the more that Iran, they keep"}, {"start": "00:08:30", "end": "00:08:33", "text": "leaning on this as a leverage, the"}, {"start": "00:08:32", "end": "00:08:34", "text": "straight of four moves, we're going to"}, {"start": "00:08:33", "end": "00:08:35", "text": "we're going to keep it closed. We're"}, {"start": "00:08:34", "end": "00:08:37", "text": "going to do this. We're going to charge"}, {"start": "00:08:35", "end": "00:08:39", "text": "people. The more that they do that and"}, {"start": "00:08:37", "end": "00:08:43", "text": "they use that as leverage, the faster"}, {"start": "00:08:39", "end": "00:08:45", "text": "everyone else builds kind of permanent"}, {"start": "00:08:43", "end": "00:08:47", "text": "workarounds. And I'm talking about"}, {"start": "00:08:45", "end": "00:08:49", "text": "everybody else. Iran is playing their"}, {"start": "00:08:47", "end": "00:08:52", "text": "strongest card, but it's a card that"}, {"start": "00:08:49", "end": "00:08:54", "text": "loses value every single time they keep"}, {"start": "00:08:52", "end": "00:08:55", "text": "trying to play it. And we've seen this"}, {"start": "00:08:54", "end": "00:08:59", "text": "progressively happen throughout this"}, {"start": "00:08:55", "end": "00:09:01", "text": "entire time. This is hap this is all"}, {"start": "00:08:59", "end": "00:09:03", "text": "happening in real time while I do this."}, {"start": "00:09:01", "end": "00:09:06", "text": "Uh Saudi Arabia, they just announced"}, {"start": "00:09:03", "end": "00:09:10", "text": "that it's its east west pipeline has"}, {"start": "00:09:06", "end": "00:09:13", "text": "been restored to full capacity."}, {"start": "00:09:10", "end": "00:09:15", "text": "7 million barrels a day now flowing to"}, {"start": "00:09:13", "end": "00:09:17", "text": "Red Sea completely bypassing the"}, {"start": "00:09:15", "end": "00:09:19", "text": "straight of Hormuz. So this is what I'm"}, {"start": "00:09:17", "end": "00:09:21", "text": "talking about alternatives to the"}, {"start": "00:09:19", "end": "00:09:23", "text": "straight of Hormuz. That's that is what"}, {"start": "00:09:21", "end": "00:09:25", "text": "is going on right now. And so we're"}, {"start": "00:09:23", "end": "00:09:27", "text": "seeing headlines panicking, but all the"}, {"start": "00:09:25", "end": "00:09:31", "text": "while there's a rerouting that is"}, {"start": "00:09:27", "end": "00:09:35", "text": "underway. The world is building around"}, {"start": "00:09:31", "end": "00:09:37", "text": "Iran in real time. And I mean as meaning"}, {"start": "00:09:35", "end": "00:09:40", "text": "pushing Iran aside, not needing Iran"}, {"start": "00:09:37", "end": "00:09:42", "text": "anymore. And that actually takes some"}, {"start": "00:09:40", "end": "00:09:44", "text": "pressure off of the supply shock that I"}, {"start": "00:09:42", "end": "00:09:46", "text": "think a lot of the headlines are running"}, {"start": "00:09:44", "end": "00:09:49", "text": "with. And we might see this this pop in"}, {"start": "00:09:46", "end": "00:09:52", "text": "oil. But I think as things start"}, {"start": "00:09:49", "end": "00:09:55", "text": "progressing and countries start finding"}, {"start": "00:09:52", "end": "00:09:56", "text": "alternatives and rerouting, right, Gulf"}, {"start": "00:09:55", "end": "00:10:01", "text": "of America"}, {"start": "00:09:56", "end": "00:10:04", "text": "supplying, I think that oil is going to"}, {"start": "00:10:01", "end": "00:10:08", "text": "level off. And the biggest thing"}, {"start": "00:10:04", "end": "00:10:11", "text": "is we're going to have an entire market"}, {"start": "00:10:08", "end": "00:10:13", "text": "of oil without just without touching the"}, {"start": "00:10:11", "end": "00:10:15", "text": "straight. So the disruption ending up"}, {"start": "00:10:13", "end": "00:10:17", "text": "less severe than the headlines kind of"}, {"start": "00:10:15", "end": "00:10:19", "text": "make it sound right now. So with all"}, {"start": "00:10:17", "end": "00:10:20", "text": "that being said, in terms of how I'm"}, {"start": "00:10:19", "end": "00:10:22", "text": "positioning heading heading into this"}, {"start": "00:10:20", "end": "00:10:24", "text": "week, it's not even so much a monetary"}, {"start": "00:10:22", "end": "00:10:28", "text": "positioning. It's just a mental thing."}, {"start": "00:10:24", "end": "00:10:30", "text": "I'm watching that $120 on oil. If we"}, {"start": "00:10:28", "end": "00:10:33", "text": "break through that, if it's just if it"}, {"start": "00:10:30", "end": "00:10:35", "text": "starts just trending at that area, I"}, {"start": "00:10:33", "end": "00:10:37", "text": "think not the macro thesis changes"}, {"start": "00:10:35", "end": "00:10:39", "text": "because this could still get resolved"}, {"start": "00:10:37", "end": "00:10:42", "text": "quickly, but it can start to threaten"}, {"start": "00:10:39", "end": "00:10:44", "text": "the midterm and how these things go, you"}, {"start": "00:10:42", "end": "00:10:46", "text": "know, go into the midterm, not midterm"}, {"start": "00:10:44", "end": "00:10:49", "text": "elections, but just the midterm time"}, {"start": "00:10:46", "end": "00:10:52", "text": "frame. Um, but with supply from Saudi"}, {"start": "00:10:49", "end": "00:10:55", "text": "now bypassing the straight of Hormuz, I"}, {"start": "00:10:52", "end": "00:10:59", "text": "think that the ceiling"}, {"start": "00:10:55", "end": "00:11:01", "text": "um of $120 is a good area to watch and"}, {"start": "00:10:59", "end": "00:11:05", "text": "just see how oil interacts with that"}, {"start": "00:11:01", "end": "00:11:06", "text": "area. Um, it might be harder to hit 120"}, {"start": "00:11:05", "end": "00:11:07", "text": "than most people assume right now"}, {"start": "00:11:06", "end": "00:11:11", "text": "because I think there's a there's a"}, {"start": "00:11:07", "end": "00:11:12", "text": "strong thought that it's going to just"}, {"start": "00:11:11", "end": "00:11:14", "text": "sore, right? And it might. So, we're"}, {"start": "00:11:12", "end": "00:11:18", "text": "going to keep an eye on that as markets"}, {"start": "00:11:14", "end": "00:11:20", "text": "open. Um"}, {"start": "00:11:18", "end": "00:11:24", "text": "secondly the question is whether the"}, {"start": "00:11:20", "end": "00:11:26", "text": "blockade accelerates US export or not"}, {"start": "00:11:24", "end": "00:11:29", "text": "right is it going to accelerate the"}, {"start": "00:11:26", "end": "00:11:32", "text": "volumes even further because if it does"}, {"start": "00:11:29", "end": "00:11:34", "text": "then guess what the structural story the"}, {"start": "00:11:32", "end": "00:11:36", "text": "structural setup for the macro it"}, {"start": "00:11:34", "end": "00:11:39", "text": "doesn't just survive everything that's"}, {"start": "00:11:36", "end": "00:11:40", "text": "happening right now the macro thesis the"}, {"start": "00:11:39", "end": "00:11:45", "text": "bull thesis that I've been talking about"}, {"start": "00:11:40", "end": "00:11:46", "text": "for an economic boom PMI expansion that"}, {"start": "00:11:45", "end": "00:11:50", "text": "gets stronger"}, {"start": "00:11:46", "end": "00:11:52", "text": "if we see volumes of US export rise. So"}, {"start": "00:11:50", "end": "00:11:54", "text": "the broader picture I don't think has"}, {"start": "00:11:52", "end": "00:11:56", "text": "changed at all. The US is, you know,"}, {"start": "00:11:54", "end": "00:11:58", "text": "they're collecting over a hundred"}, {"start": "00:11:56", "end": "00:12:00", "text": "billion dollars in annualized energy"}, {"start": "00:11:58", "end": "00:12:02", "text": "export revenue right now. So those"}, {"start": "00:12:00", "end": "00:12:05", "text": "dollars, they're going to flow right"}, {"start": "00:12:02", "end": "00:12:07", "text": "back into treasuries, corporate bonds,"}, {"start": "00:12:05", "end": "00:12:11", "text": "equities. The dollar stays strong,"}, {"start": "00:12:07", "end": "00:12:13", "text": "inflation stays manageable, and then the"}, {"start": "00:12:11", "end": "00:12:16", "text": "the economic boom. I'm not saying it"}, {"start": "00:12:13", "end": "00:12:18", "text": "happens immediately, but this is playing"}, {"start": "00:12:16", "end": "00:12:21", "text": "into the strength of the economy. And"}, {"start": "00:12:18", "end": "00:12:23", "text": "the last time that the US had a setup, a"}, {"start": "00:12:21", "end": "00:12:26", "text": "macro setup like this, dominant energy"}, {"start": "00:12:23", "end": "00:12:29", "text": "position, strong dollar, expanding"}, {"start": "00:12:26", "end": "00:12:32", "text": "margins, the S&P 500 returned, I think"}, {"start": "00:12:29", "end": "00:12:35", "text": "around 400% the following decade. So for"}, {"start": "00:12:32", "end": "00:12:37", "text": "you for you any of you watching out"}, {"start": "00:12:35", "end": "00:12:40", "text": "there that you're watching from the"}, {"start": "00:12:37", "end": "00:12:42", "text": "crypto side this macro setup the macro"}, {"start": "00:12:40", "end": "00:12:45", "text": "drop backdrop of everything that's"}, {"start": "00:12:42", "end": "00:12:48", "text": "happening right now dollar liquidity Fed"}, {"start": "00:12:45", "end": "00:12:50", "text": "flexibility risk appetite amidst you"}, {"start": "00:12:48", "end": "00:12:54", "text": "know just volatility all over the place"}, {"start": "00:12:50", "end": "00:12:58", "text": "up and down good news bad news it is so"}, {"start": "00:12:54", "end": "00:13:01", "text": "important if the structural"}, {"start": "00:12:58", "end": "00:13:05", "text": "setup or thesis holds and we stay under"}, {"start": "00:13:01", "end": "00:13:07", "text": "$120 oil and this thing gets resolved. I"}, {"start": "00:13:05", "end": "00:13:09", "text": "think the liquidity environment is going"}, {"start": "00:13:07", "end": "00:13:12", "text": "to stay very favorable for risk on"}, {"start": "00:13:09", "end": "00:13:15", "text": "assets. I don't want to be a permable,"}, {"start": "00:13:12", "end": "00:13:17", "text": "but layer on top of all this regulatory"}, {"start": "00:13:15", "end": "00:13:19", "text": "clarity momentum that's building right"}, {"start": "00:13:17", "end": "00:13:22", "text": "now and you start to see why there could"}, {"start": "00:13:19", "end": "00:13:23", "text": "be a very nice foundation happening"}, {"start": "00:13:22", "end": "00:13:26", "text": "right now. And I know on the short term"}, {"start": "00:13:23", "end": "00:13:29", "text": "it doesn't look good, but what if things"}, {"start": "00:13:26", "end": "00:13:32", "text": "just get resolved, right? What if this"}, {"start": "00:13:29", "end": "00:13:34", "text": "actually is helping economic expansion"}, {"start": "00:13:32", "end": "00:13:36", "text": "and we do finally see after years and"}, {"start": "00:13:34", "end": "00:13:38", "text": "years and years of contraction on the"}, {"start": "00:13:36", "end": "00:13:40", "text": "PMI we start seeing expansion and one"}, {"start": "00:13:38", "end": "00:13:42", "text": "ingredient another ingredient is this"}, {"start": "00:13:40", "end": "00:13:45", "text": "oil situation that looks terrible right"}, {"start": "00:13:42", "end": "00:13:47", "text": "now but actually when you see what's"}, {"start": "00:13:45", "end": "00:13:50", "text": "happening right now it is lending itself"}, {"start": "00:13:47", "end": "00:13:52", "text": "as a very strong ingredient for a strong"}, {"start": "00:13:50", "end": "00:13:54", "text": "US economy and we're seeing it look at"}, {"start": "00:13:52", "end": "00:13:56", "text": "the map so I wanted to share this with"}, {"start": "00:13:54", "end": "00:13:57", "text": "you these are just my thoughts on what's"}, {"start": "00:13:56", "end": "00:13:58", "text": "going on right now I appreciate you"}, {"start": "00:13:57", "end": "00:13:59", "text": "watching if you're not the subscriber or"}, {"start": "00:13:58", "end": "00:14:02", "text": "subscribe. I'll see you in the next"}, {"start": "00:13:59", "end": "00:14:02", "text": "video."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Here's a Bitcoin gold chart while crypto"}, {"start": "00:00:03", "end": "00:00:07", "text": "is bottoming out. This is what the"}, {"start": "00:00:05", "end": "00:00:09", "text": "Bitcoin gold chart looks like across"}, {"start": "00:00:07", "end": "00:00:11", "text": "cycles, really. You can see the"}, {"start": "00:00:09", "end": "00:00:13", "text": "beginning of every bull starting with"}, {"start": "00:00:11", "end": "00:00:15", "text": "the bottoming out of this chart. Right"}, {"start": "00:00:13", "end": "00:00:16", "text": "now, Washington getting ready to set up"}, {"start": "00:00:15", "end": "00:00:19", "text": "a bill that could inject trillions of"}, {"start": "00:00:16", "end": "00:00:20", "text": "dollars in the crypto markets. I want to"}, {"start": "00:00:19", "end": "00:00:22", "text": "talk about all these things. First, I"}, {"start": "00:00:20", "end": "00:00:24", "text": "want to thank our sponsor Caleb and"}, {"start": "00:00:22", "end": "00:00:26", "text": "Brown uh for sponsoring this video as"}, {"start": "00:00:24", "end": "00:00:28", "text": "well as Crypto Capital Venture. You can"}, {"start": "00:00:26", "end": "00:00:29", "text": "get set up with Caleb and Brown, the"}, {"start": "00:00:28", "end": "00:00:31", "text": "personalized crypto brokerage right now,"}, {"start": "00:00:29", "end": "00:00:36", "text": "everybody. You get a dedicated broker, a"}, {"start": "00:00:31", "end": "00:00:38", "text": "real person, 24/7 access to your broker."}, {"start": "00:00:36", "end": "00:00:40", "text": "Your assets are secured through"}, {"start": "00:00:38", "end": "00:00:42", "text": "Fireblocks. You can start trading, you"}, {"start": "00:00:40", "end": "00:00:44", "text": "can start accumulating, you can start"}, {"start": "00:00:42", "end": "00:00:46", "text": "planning with your broker in terms of"}, {"start": "00:00:44", "end": "00:00:47", "text": "your approach to these crypto markets."}, {"start": "00:00:46", "end": "00:00:50", "text": "Shout out to Caleb and Brown. Click the"}, {"start": "00:00:47", "end": "00:00:52", "text": "link below, get set up with them. It's"}, {"start": "00:00:50", "end": "00:00:53", "text": "very quick and easy. Right now, I just"}, {"start": "00:00:52", "end": "00:00:55", "text": "want to point out this chart to you."}, {"start": "00:00:53", "end": "00:00:58", "text": "Recession this year?"}, {"start": "00:00:55", "end": "00:00:58", "text": "22.5%"}, {"start": "00:00:59", "end": "00:01:06", "text": "So, before we look at this tokenization"}, {"start": "00:01:02", "end": "00:01:08", "text": "boom RWAs, trillions of dollars coming"}, {"start": "00:01:06", "end": "00:01:09", "text": "into crypto. I do want to mention"}, {"start": "00:01:08", "end": "00:01:11", "text": "something and then we're actually going"}, {"start": "00:01:09", "end": "00:01:13", "text": "to also look at these charts, Bitcoin"}, {"start": "00:01:11", "end": "00:01:15", "text": "gold um copper gold."}, {"start": "00:01:13", "end": "00:01:17", "text": "I want to go over something with you. It"}, {"start": "00:01:15", "end": "00:01:21", "text": "has everything to do with this."}, {"start": "00:01:17", "end": "00:01:23", "text": "Recession this year? 22.5%"}, {"start": "00:01:21", "end": "00:01:26", "text": "The first question I want to lead with"}, {"start": "00:01:23", "end": "00:01:28", "text": "as I start this video is this to you."}, {"start": "00:01:26", "end": "00:01:31", "text": "Why aren't you bullish on the American"}, {"start": "00:01:28", "end": "00:01:33", "text": "economy? So, many things to be excited"}, {"start": "00:01:31", "end": "00:01:35", "text": "about in the industrial economy."}, {"start": "00:01:33", "end": "00:01:37", "text": "I've been talking a lot about an"}, {"start": "00:01:35", "end": "00:01:40", "text": "economic boom that is setting up right"}, {"start": "00:01:37", "end": "00:01:42", "text": "now. We have another ingredient in terms"}, {"start": "00:01:40", "end": "00:01:43", "text": "of the economic boom. But, the question"}, {"start": "00:01:42", "end": "00:01:45", "text": "is why aren't you bullish on the"}, {"start": "00:01:43", "end": "00:01:48", "text": "American economy?"}, {"start": "00:01:45", "end": "00:01:51", "text": "And if you are, if you happen to be"}, {"start": "00:01:48", "end": "00:01:52", "text": "bullish on the American economy"}, {"start": "00:01:51", "end": "00:01:56", "text": "this green line, which has been"}, {"start": "00:01:52", "end": "00:01:57", "text": "suppressed for years is a a very, very"}, {"start": "00:01:56", "end": "00:01:59", "text": "telling indicator in terms of the cycles"}, {"start": "00:01:57", "end": "00:02:02", "text": "of crypto. And this has been a very"}, {"start": "00:01:59", "end": "00:02:04", "text": "popular thesis to hold right now in the"}, {"start": "00:02:02", "end": "00:02:07", "text": "crypto. My engagement on this YouTube"}, {"start": "00:02:04", "end": "00:02:09", "text": "channel alone is a very nice indication"}, {"start": "00:02:07", "end": "00:02:12", "text": "of that. But"}, {"start": "00:02:09", "end": "00:02:15", "text": "this is a patient game that I am playing"}, {"start": "00:02:12", "end": "00:02:17", "text": "right now. And what I'm seeing right now"}, {"start": "00:02:15", "end": "00:02:19", "text": "at the confluence of the PMI that we see"}, {"start": "00:02:17", "end": "00:02:21", "text": "here, economic data"}, {"start": "00:02:19", "end": "00:02:24", "text": "and crypto charts. This is a total"}, {"start": "00:02:21", "end": "00:02:26", "text": "crypto market cap chart on the monthly."}, {"start": "00:02:24", "end": "00:02:29", "text": "I'm not going to ignore it. And I will"}, {"start": "00:02:26", "end": "00:02:31", "text": "present data to you that I see. And I"}, {"start": "00:02:29", "end": "00:02:33", "text": "think it's going to play out one way."}, {"start": "00:02:31", "end": "00:02:34", "text": "Many bears think it's going to play out"}, {"start": "00:02:33", "end": "00:02:36", "text": "the other."}, {"start": "00:02:34", "end": "00:02:38", "text": "We will see. And we will likely find out"}, {"start": "00:02:36", "end": "00:02:40", "text": "soon. But, in relation to this post, why"}, {"start": "00:02:38", "end": "00:02:42", "text": "aren't you bullish on the Ameri-"}, {"start": "00:02:40", "end": "00:02:46", "text": "American economy? Referencing US crude"}, {"start": "00:02:42", "end": "00:02:49", "text": "oil exports are skyrocketing. So, US"}, {"start": "00:02:46", "end": "00:02:51", "text": "crude oil exports is skyrocketing. This"}, {"start": "00:02:49", "end": "00:02:54", "text": "is what's happening. They're hitting"}, {"start": "00:02:51", "end": "00:02:57", "text": "records. Up 23% from March and 30% from"}, {"start": "00:02:54", "end": "00:03:00", "text": "February. May could cross 5 million for"}, {"start": "00:02:57", "end": "00:03:02", "text": "the first time ever with 28 supertankers"}, {"start": "00:03:00", "end": "00:03:05", "text": "already booked versus the usual five."}, {"start": "00:03:02", "end": "00:03:06", "text": "Asia still needs oil. The Middle East"}, {"start": "00:03:05", "end": "00:03:09", "text": "can't deliver right now and the US is"}, {"start": "00:03:06", "end": "00:03:12", "text": "stepping in to fill that gap. I"}, {"start": "00:03:09", "end": "00:03:15", "text": "mentioned this green line, the PMI line."}, {"start": "00:03:12", "end": "00:03:18", "text": "The economic boom. This correlation to"}, {"start": "00:03:15", "end": "00:03:21", "text": "the roaring '90s that I see with a GDP"}, {"start": "00:03:18", "end": "00:03:23", "text": "that will shock a a lot of people that I"}, {"start": "00:03:21", "end": "00:03:26", "text": "think is getting ready to happen. We"}, {"start": "00:03:23", "end": "00:03:28", "text": "have yet another ingredient for this"}, {"start": "00:03:26", "end": "00:03:31", "text": "year, 2026, and it's everything having"}, {"start": "00:03:28", "end": "00:03:34", "text": "to do with oil. And what's going on with"}, {"start": "00:03:31", "end": "00:03:37", "text": "Iran. I had a note here uh on this post."}, {"start": "00:03:34", "end": "00:03:39", "text": "This was a summation from Grok, but I"}, {"start": "00:03:37", "end": "00:03:41", "text": "put the note here. Export booms are not"}, {"start": "00:03:39", "end": "00:03:44", "text": "a magic bullet. But, when they're driven"}, {"start": "00:03:41", "end": "00:03:47", "text": "by external demand as the data suggests,"}, {"start": "00:03:44", "end": "00:03:50", "text": "they act as a positive GDP shock that"}, {"start": "00:03:47", "end": "00:03:51", "text": "lifts risk-on assets."}, {"start": "00:03:50", "end": "00:03:53", "text": "And so, right now we have another"}, {"start": "00:03:51", "end": "00:03:55", "text": "ingredient. If we go back to the total"}, {"start": "00:03:53", "end": "00:03:57", "text": "crypto market cap chart, this green"}, {"start": "00:03:55", "end": "00:04:00", "text": "line, the PMI business economic"}, {"start": "00:03:57", "end": "00:04:01", "text": "expansion, another ingredient is in play"}, {"start": "00:04:00", "end": "00:04:03", "text": "right now."}, {"start": "00:04:01", "end": "00:04:05", "text": "And so"}, {"start": "00:04:03", "end": "00:04:08", "text": "we we track this data and we see start"}, {"start": "00:04:05", "end": "00:04:10", "text": "seeing the headlines. I saw this uh odds"}, {"start": "00:04:08", "end": "00:04:14", "text": "of a recession this year plummet from"}, {"start": "00:04:10", "end": "00:04:16", "text": "40% to 22%, a 1-month low. And this was"}, {"start": "00:04:14", "end": "00:04:17", "text": "community noted and I think the"}, {"start": "00:04:16", "end": "00:04:19", "text": "community note was kind of funny. It"}, {"start": "00:04:17", "end": "00:04:21", "text": "says, \"Prediction markets now price 40%"}, {"start": "00:04:19", "end": "00:04:24", "text": "chance.\" But, I went I literally went to"}, {"start": "00:04:21", "end": "00:04:27", "text": "the to the site and it is 22.5% chance."}, {"start": "00:04:24", "end": "00:04:29", "text": "It's it's been falling since late March"}, {"start": "00:04:27", "end": "00:04:30", "text": "when it was close to 40% here on this"}, {"start": "00:04:29", "end": "00:04:33", "text": "chart."}, {"start": "00:04:30", "end": "00:04:37", "text": "So, this is all data I want to present"}, {"start": "00:04:33", "end": "00:04:40", "text": "to you. And with all of that being said"}, {"start": "00:04:37", "end": "00:04:42", "text": "let's pivot and talk about clarity. So,"}, {"start": "00:04:40", "end": "00:04:44", "text": "the clarity has a lot to do with this on"}, {"start": "00:04:42", "end": "00:04:47", "text": "the crypto side of things, on the"}, {"start": "00:04:44", "end": "00:04:49", "text": "fundamental bullish case for crypto"}, {"start": "00:04:47", "end": "00:04:52", "text": "adoption side of things, for the"}, {"start": "00:04:49", "end": "00:04:55", "text": "trillions of dollars pouring into crypto"}, {"start": "00:04:52", "end": "00:04:57", "text": "bull case side of things. The Clarity"}, {"start": "00:04:55", "end": "00:05:00", "text": "Act goes into recess unresolved. This"}, {"start": "00:04:57", "end": "00:05:02", "text": "was just March 30th. Like what? 11, 12"}, {"start": "00:05:00", "end": "00:05:04", "text": "days ago?"}, {"start": "00:05:02", "end": "00:05:06", "text": "A lot has happened since then."}, {"start": "00:05:04", "end": "00:05:09", "text": "So, one thing that has happened is"}, {"start": "00:05:06", "end": "00:05:12", "text": "Bessembinder wrote this article,"}, {"start": "00:05:09", "end": "00:05:14", "text": "\"Digital Asset Rules Need Clarity.\" And"}, {"start": "00:05:12", "end": "00:05:15", "text": "I saw this post. When Bessembinder"}, {"start": "00:05:14", "end": "00:05:17", "text": "writes this in the Wall Street Journal,"}, {"start": "00:05:15", "end": "00:05:20", "text": "pay attention. Clarity Act is getting"}, {"start": "00:05:17", "end": "00:05:23", "text": "pushed from the top. Stablecoins go from"}, {"start": "00:05:20", "end": "00:05:26", "text": "300 billion to trillions if it lands."}, {"start": "00:05:23", "end": "00:05:28", "text": "That's stablecoins. And then the the the"}, {"start": "00:05:26", "end": "00:05:30", "text": "update here as we start pivoting and I"}, {"start": "00:05:28", "end": "00:05:32", "text": "want to talk about the data in terms of"}, {"start": "00:05:30", "end": "00:05:35", "text": "trillions, in terms of RWAs and"}, {"start": "00:05:32", "end": "00:05:37", "text": "tokenization, Coinbase CEO Brian"}, {"start": "00:05:35", "end": "00:05:40", "text": "Armstrong"}, {"start": "00:05:37", "end": "00:05:42", "text": "backed US Treasury Secretary Best Scott"}, {"start": "00:05:40", "end": "00:05:45", "text": "Bessembinder's call to pass the Clarity"}, {"start": "00:05:42", "end": "00:05:48", "text": "Act saying, \"It's time for the"}, {"start": "00:05:45", "end": "00:05:51", "text": "legislation to move forward.\""}, {"start": "00:05:48", "end": "00:05:53", "text": "What do you think that means?"}, {"start": "00:05:51", "end": "00:05:54", "text": "Because up until then, this just"}, {"start": "00:05:53", "end": "00:05:56", "text": "happened"}, {"start": "00:05:54", "end": "00:05:59", "text": "Brian Armstrong has been very much like,"}, {"start": "00:05:56", "end": "00:06:01", "text": "\"No deal. No deal. Not happening.\""}, {"start": "00:05:59", "end": "00:06:03", "text": "The industries, they've come together."}, {"start": "00:06:01", "end": "00:06:05", "text": "And it seems like there's a deal. And"}, {"start": "00:06:03", "end": "00:06:07", "text": "this is not a guarantee, but this is"}, {"start": "00:06:05", "end": "00:06:10", "text": "something to pay attention to for many"}, {"start": "00:06:07", "end": "00:06:13", "text": "reasons. One reason I highlighted was"}, {"start": "00:06:10", "end": "00:06:16", "text": "RWA tokenization will explode. We just"}, {"start": "00:06:13", "end": "00:06:18", "text": "looked at data about uh stablecoin,"}, {"start": "00:06:16", "end": "00:06:21", "text": "right? 300 billion to trillions if it"}, {"start": "00:06:18", "end": "00:06:24", "text": "lands. But, RWA tokenization will"}, {"start": "00:06:21", "end": "00:06:26", "text": "explode. McKinsey projects the tokenized"}, {"start": "00:06:24", "end": "00:06:27", "text": "the tokenized financial asset market"}, {"start": "00:06:26", "end": "00:06:31", "text": "could reach $2 trillion"}, {"start": "00:06:27", "end": "00:06:34", "text": "in the base case and up to $4 trillion"}, {"start": "00:06:31", "end": "00:06:36", "text": "in the bull case by 2030."}, {"start": "00:06:34", "end": "00:06:38", "text": "And then we start really dissecting this"}, {"start": "00:06:36", "end": "00:06:40", "text": "data. Here's uh this is from Solana's"}, {"start": "00:06:38", "end": "00:06:42", "text": "website. RWAs re- remain one of the"}, {"start": "00:06:40", "end": "00:06:45", "text": "clearest growth stories on Solana in"}, {"start": "00:06:42", "end": "00:06:48", "text": "March. The total RWA value on the"}, {"start": "00:06:45", "end": "00:06:50", "text": "network crossed $2 billion"}, {"start": "00:06:48", "end": "00:06:52", "text": "earlier early in the month. Solana moved"}, {"start": "00:06:50", "end": "00:06:55", "text": "past Ethereum in total RWA holders for"}, {"start": "00:06:52", "end": "00:06:56", "text": "the first time. Solana moved past"}, {"start": "00:06:55", "end": "00:06:59", "text": "Ethereum."}, {"start": "00:06:56", "end": "00:07:01", "text": "The crypto game is is changing. It is"}, {"start": "00:06:59", "end": "00:07:04", "text": "ever changing. And right now it's"}, {"start": "00:07:01", "end": "00:07:06", "text": "changing in an area where we are kind of"}, {"start": "00:07:04", "end": "00:07:08", "text": "in a bottoming out formation for this"}, {"start": "00:07:06", "end": "00:07:10", "text": "cycle in my opinion. The graph kind of"}, {"start": "00:07:08", "end": "00:07:13", "text": "goes off the charts over here, but this"}, {"start": "00:07:10", "end": "00:07:14", "text": "is RWA total RWA value has just been"}, {"start": "00:07:13", "end": "00:07:17", "text": "soaring."}, {"start": "00:07:14", "end": "00:07:19", "text": "Uh it's and you can just see in not that"}, {"start": "00:07:17", "end": "00:07:22", "text": "long of a time. Like this was back here"}, {"start": "00:07:19", "end": "00:07:24", "text": "in January 2025. It has just been"}, {"start": "00:07:22", "end": "00:07:27", "text": "growing. And we've not even had Clarity"}, {"start": "00:07:24", "end": "00:07:29", "text": "Act passed yet. Tokenized stocks crossed"}, {"start": "00:07:27", "end": "00:07:32", "text": "a billion dollars in on-chain value for"}, {"start": "00:07:29", "end": "00:07:35", "text": "the first time. Solana stablecoin supply"}, {"start": "00:07:32", "end": "00:07:37", "text": "reached a record 17 billion."}, {"start": "00:07:35", "end": "00:07:40", "text": "This is the story playing out right now,"}, {"start": "00:07:37", "end": "00:07:42", "text": "everybody. While Bitcoin gold. I was"}, {"start": "00:07:40", "end": "00:07:43", "text": "actually just looking at this. I saw the"}, {"start": "00:07:42", "end": "00:07:45", "text": "um"}, {"start": "00:07:43", "end": "00:07:46", "text": "just look at this. And and that wasn't"}, {"start": "00:07:45", "end": "00:07:47", "text": "actually the chart. Maybe it was on"}, {"start": "00:07:46", "end": "00:07:50", "text": "total crypto market cap chart. But, just"}, {"start": "00:07:47", "end": "00:07:52", "text": "look at the complete reset of the cycle"}, {"start": "00:07:50", "end": "00:07:55", "text": "on the MACD, the momentum oscillator."}, {"start": "00:07:52", "end": "00:07:57", "text": "Right now, we are in just if we look"}, {"start": "00:07:55", "end": "00:07:59", "text": "back on previous cycles, we are in a"}, {"start": "00:07:57", "end": "00:08:01", "text": "bottoming territory. I do not know how"}, {"start": "00:07:59", "end": "00:08:04", "text": "long will last. It could hobble around."}, {"start": "00:08:01", "end": "00:08:06", "text": "But, Bitcoin gold has been so consistent"}, {"start": "00:08:04", "end": "00:08:09", "text": "in terms of delivering clear structure"}, {"start": "00:08:06", "end": "00:08:12", "text": "setup for cycles. And right now, this is"}, {"start": "00:08:09", "end": "00:08:13", "text": "what the chart looks like. And so, this"}, {"start": "00:08:12", "end": "00:08:15", "text": "is happening. And and by the way, as I'm"}, {"start": "00:08:13", "end": "00:08:17", "text": "mentioning each thing, I like to just"}, {"start": "00:08:15", "end": "00:08:19", "text": "point out to you all of these things are"}, {"start": "00:08:17", "end": "00:08:22", "text": "kind of happening in flow with each"}, {"start": "00:08:19", "end": "00:08:24", "text": "other. So, going over here, this is uh"}, {"start": "00:08:22", "end": "00:08:25", "text": "copper versus gold. Maybe this was the"}, {"start": "00:08:24", "end": "00:08:27", "text": "actual chart I was looking at. You can"}, {"start": "00:08:25", "end": "00:08:31", "text": "actually see if we open up the MACD,"}, {"start": "00:08:27", "end": "00:08:33", "text": "we're about to get this MACD line just"}, {"start": "00:08:31", "end": "00:08:36", "text": "make its way above this signal line."}, {"start": "00:08:33", "end": "00:08:39", "text": "So, if we look at previous cycles, look"}, {"start": "00:08:36", "end": "00:08:41", "text": "at this when this happens. And look at"}, {"start": "00:08:39", "end": "00:08:43", "text": "the correlation to PMI. So, when we"}, {"start": "00:08:41", "end": "00:08:46", "text": "think about as I started this video,"}, {"start": "00:08:43", "end": "00:08:48", "text": "economic boom, right? We think about"}, {"start": "00:08:46", "end": "00:08:51", "text": "just even though the current oil"}, {"start": "00:08:48", "end": "00:08:54", "text": "headline, oil exports and how that could"}, {"start": "00:08:51", "end": "00:08:57", "text": "play into GDP for US. And you look at"}, {"start": "00:08:54", "end": "00:09:00", "text": "the current state of the PMI. And you"}, {"start": "00:08:57", "end": "00:09:03", "text": "look at the correlation of PMI"}, {"start": "00:09:00", "end": "00:09:07", "text": "with these bull moves, right? Especially"}, {"start": "00:09:03", "end": "00:09:09", "text": "as copper and gold bottom out."}, {"start": "00:09:07", "end": "00:09:12", "text": "It's just something to pay attention to."}, {"start": "00:09:09", "end": "00:09:13", "text": "That is all I'm saying. So, we go over"}, {"start": "00:09:12", "end": "00:09:16", "text": "here, we bring it all together on the"}, {"start": "00:09:13", "end": "00:09:18", "text": "total crypto market cap chart. Again, we"}, {"start": "00:09:16", "end": "00:09:21", "text": "might hobble around. It could be weeks."}, {"start": "00:09:18", "end": "00:09:24", "text": "It could be months. I do not know. But,"}, {"start": "00:09:21", "end": "00:09:26", "text": "what I do know is when you look at all"}, {"start": "00:09:24", "end": "00:09:27", "text": "you just look at the landscape of all"}, {"start": "00:09:26", "end": "00:09:30", "text": "this data I just presented to you in"}, {"start": "00:09:27", "end": "00:09:33", "text": "maybe 10 minutes"}, {"start": "00:09:30", "end": "00:09:36", "text": "it is intriguing and it is something"}, {"start": "00:09:33", "end": "00:09:40", "text": "worth noting that the entire total"}, {"start": "00:09:36", "end": "00:09:40", "text": "crypto market cap is at $2.44"}, {"start": "00:09:40", "end": "00:09:42", "text": "trillion."}, {"start": "00:09:40", "end": "00:09:43", "text": "And"}, {"start": "00:09:42", "end": "00:09:45", "text": "what are we discussing in this video?"}, {"start": "00:09:43", "end": "00:09:48", "text": "McKinsey projects the tokenized"}, {"start": "00:09:45", "end": "00:09:50", "text": "financial asset market alone could reach"}, {"start": "00:09:48", "end": "00:09:52", "text": "$2 trillion"}, {"start": "00:09:50", "end": "00:09:55", "text": "in the base case and up to $4 trillion"}, {"start": "00:09:52", "end": "00:09:58", "text": "in the bull case by 2030. So, just think"}, {"start": "00:09:55", "end": "00:10:00", "text": "about that for just a moment. This is"}, {"start": "00:09:58", "end": "00:10:03", "text": "McKinsey projecting tokenized financial"}, {"start": "00:10:00", "end": "00:10:05", "text": "asset markets, right? $2 trillion to $4"}, {"start": "00:10:03", "end": "00:10:08", "text": "trillion by 2030. And here we have the"}, {"start": "00:10:05", "end": "00:10:10", "text": "total crypto market cap chart. This"}, {"start": "00:10:08", "end": "00:10:12", "text": "includes Bitcoin. This includes"}, {"start": "00:10:10", "end": "00:10:14", "text": "Ethereum. This This includes everything."}, {"start": "00:10:12", "end": "00:10:16", "text": "It's sitting at $2.44 trillion."}, {"start": "00:10:14", "end": "00:10:18", "text": "If you look at this chart, it might just"}, {"start": "00:10:16", "end": "00:10:21", "text": "be like, \"Man, I missed the boat. Man,"}, {"start": "00:10:18", "end": "00:10:23", "text": "crypto really is just so big now.\""}, {"start": "00:10:21", "end": "00:10:25", "text": "But, oddly enough, as I sit here today,"}, {"start": "00:10:23", "end": "00:10:27", "text": "crypto is"}, {"start": "00:10:25", "end": "00:10:30", "text": "is still at the starting line. And yes,"}, {"start": "00:10:27", "end": "00:10:33", "text": "of course, if you were back here buying"}, {"start": "00:10:30", "end": "00:10:35", "text": "in 2015 at $3 billion, well played."}, {"start": "00:10:33", "end": "00:10:36", "text": "You've seen some insane growth. But,"}, {"start": "00:10:35", "end": "00:10:38", "text": "that doesn't mean the growth is over"}, {"start": "00:10:36", "end": "00:10:41", "text": "just because those insane gains are"}, {"start": "00:10:38", "end": "00:10:45", "text": "over. Right now, the crypto market is is"}, {"start": "00:10:41", "end": "00:10:48", "text": "is at a ground floor in terms of global"}, {"start": "00:10:45", "end": "00:10:50", "text": "adoption, in terms of global liquidity,"}, {"start": "00:10:48", "end": "00:10:53", "text": "in terms of institutionalization, in"}, {"start": "00:10:50", "end": "00:10:55", "text": "terms in terms of tokenization."}, {"start": "00:10:53", "end": "00:10:58", "text": "And this has been my This has been my"}, {"start": "00:10:55", "end": "00:11:00", "text": "thesis. This has been my macro view on"}, {"start": "00:10:58", "end": "00:11:03", "text": "the crypto markets. And lastly, I'll"}, {"start": "00:11:00", "end": "00:11:07", "text": "leave you with this. Look at this chart."}, {"start": "00:11:03", "end": "00:11:10", "text": "It has been at this $2 trillion area"}, {"start": "00:11:07", "end": "00:11:13", "text": "since 2021."}, {"start": "00:11:10", "end": "00:11:16", "text": "5 years ago, literally, April 2021. It"}, {"start": "00:11:13", "end": "00:11:18", "text": "is now April 2026, and we are at the"}, {"start": "00:11:16", "end": "00:11:20", "text": "same valuation with all of this stuff"}, {"start": "00:11:18", "end": "00:11:22", "text": "happening."}, {"start": "00:11:20", "end": "00:11:25", "text": "Of course, we got a little swing high, a"}, {"start": "00:11:22", "end": "00:11:25", "text": "bear market."}, {"start": "00:11:25", "end": "00:11:30", "text": "Complete consolidation on this screen"}, {"start": "00:11:28", "end": "00:11:32", "text": "in this market. I'm just presenting the"}, {"start": "00:11:30", "end": "00:11:34", "text": "data to you. Please be prepared for"}, {"start": "00:11:32", "end": "00:11:37", "text": "downside. Please be prepared. Maybe the"}, {"start": "00:11:34", "end": "00:11:39", "text": "4-year cycle plays out, and we don't end"}, {"start": "00:11:37", "end": "00:11:42", "text": "this choppiness and dip dip"}, {"start": "00:11:39", "end": "00:11:44", "text": "consolidation until October, like like"}, {"start": "00:11:42", "end": "00:11:47", "text": "some of the the bears out there are"}, {"start": "00:11:44", "end": "00:11:49", "text": "saying. It could happen. I respect it."}, {"start": "00:11:47", "end": "00:11:52", "text": "But, I'm presenting the flip side to the"}, {"start": "00:11:49", "end": "00:11:54", "text": "scenario because of all of these these"}, {"start": "00:11:52", "end": "00:11:55", "text": "data points that are coming together"}, {"start": "00:11:54", "end": "00:11:57", "text": "right now."}, {"start": "00:11:55", "end": "00:11:59", "text": "I just think at the very least it cannot"}, {"start": "00:11:57", "end": "00:12:01", "text": "be ignored. And so, I don't want to be a"}, {"start": "00:11:59", "end": "00:12:02", "text": "permabull, but I'm very bullish on the"}, {"start": "00:12:01", "end": "00:12:04", "text": "crypto space."}, {"start": "00:12:02", "end": "00:12:06", "text": "And I think there is so much growth in"}, {"start": "00:12:04", "end": "00:12:07", "text": "store. So, these are my thoughts today."}, {"start": "00:12:06", "end": "00:12:09", "text": "I hope you're having a good weekend. Hit"}, {"start": "00:12:07", "end": "00:12:10", "text": "the subscribe if you're not a"}, {"start": "00:12:09", "end": "00:12:11", "text": "subscriber. I appreciate all of your"}, {"start": "00:12:10", "end": "00:12:14", "text": "support out there. I'll see you in the"}, {"start": "00:12:11", "end": "00:12:14", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Here's the weekly chart for altcoins."}, {"start": "00:00:02", "end": "00:00:03", "text": "You zoom in on this weekly chart. Look"}, {"start": "00:00:03", "end": "00:00:06", "text": "at this weekly candle. It is testing"}, {"start": "00:00:06", "end": "00:00:08", "text": "all-time high. Right now, we have a"}, {"start": "00:00:08", "end": "00:00:10", "text": "weekly candle that is trading above the"}, {"start": "00:00:10", "end": "00:00:13", "text": "all-time high of last cycle in November"}, {"start": "00:00:13", "end": "00:00:16", "text": "2021. If you're an altcoin holder, if"}, {"start": "00:00:16", "end": "00:00:18", "text": "you've been accumulating altcoins and"}, {"start": "00:00:18", "end": "00:00:21", "text": "just waiting for an altcoin bull market,"}, {"start": "00:00:21", "end": "00:00:23", "text": "you like to see this. You really do. I"}, {"start": "00:00:23", "end": "00:00:25", "text": "want to talk about the move in terms of"}, {"start": "00:00:25", "end": "00:00:26", "text": "risk and I want to look at Ethereum"}, {"start": "00:00:26", "end": "00:00:28", "text": "charts in terms of where it is in this"}, {"start": "00:00:28", "end": "00:00:31", "text": "cycle because as I've been saying for"}, {"start": "00:00:31", "end": "00:00:34", "text": "quite some time now the move is just"}, {"start": "00:00:34", "end": "00:00:35", "text": "getting started. There are some"}, {"start": "00:00:35", "end": "00:00:38", "text": "headlines that I want to just breeze"}, {"start": "00:00:38", "end": "00:00:40", "text": "through very quickly with you that are"}, {"start": "00:00:40", "end": "00:00:42", "text": "so insanely bullish to start this video."}, {"start": "00:00:42", "end": "00:00:45", "text": "So, hit the subscribe and like on the"}, {"start": "00:00:45", "end": "00:00:47", "text": "way in. I appreciate all of you watching"}, {"start": "00:00:47", "end": "00:00:48", "text": "the video. And if you're not in our"}, {"start": "00:00:48", "end": "00:00:50", "text": "intelligence system, we have a free"}, {"start": "00:00:50", "end": "00:00:52", "text": "trial going on right now. So click the"}, {"start": "00:00:52", "end": "00:00:54", "text": "link below, get access to our risk"}, {"start": "00:00:54", "end": "00:00:56", "text": "models so that you can start planning"}, {"start": "00:00:56", "end": "00:00:58", "text": "and strategizing the best time to"}, {"start": "00:00:58", "end": "00:01:02", "text": "accumulate and what I think is perhaps"}, {"start": "00:01:02", "end": "00:01:04", "text": "more important as we enter this era,"}, {"start": "00:01:04", "end": "00:01:07", "text": "take profits. So let's start. I again I"}, {"start": "00:01:07", "end": "00:01:08", "text": "just want to read through some"}, {"start": "00:01:08", "end": "00:01:09", "text": "headlines. I'm going to go through"}, {"start": "00:01:09", "end": "00:01:11", "text": "quickly. I'm not going to spend a ton of"}, {"start": "00:01:11", "end": "00:01:13", "text": "time, but just realize what's happening"}, {"start": "00:01:13", "end": "00:01:15", "text": "right now. Staking is now live. This is"}, {"start": "00:01:15", "end": "00:01:17", "text": "as of today. Staking is now live in"}, {"start": "00:01:17", "end": "00:01:20", "text": "Grayscale spot ETH ETFs first direct"}, {"start": "00:01:20", "end": "00:01:25", "text": "staking spot crypto ETFs in US. I did a"}, {"start": "00:01:25", "end": "00:01:28", "text": "brief thought on X. I'll just say this."}, {"start": "00:01:28", "end": "00:01:31", "text": "Liquidity and capital floodgates are"}, {"start": "00:01:31", "end": "00:01:34", "text": "officially opening. This is one dynamic"}, {"start": "00:01:34", "end": "00:01:36", "text": "of the crypto space and how the crypto"}, {"start": "00:01:36", "end": "00:01:39", "text": "space is just still in its early stages"}, {"start": "00:01:39", "end": "00:01:42", "text": "and will grow, but it's huge. Here's"}, {"start": "00:01:42", "end": "00:01:45", "text": "Hunter, CEO of Bitwise. This is huge."}, {"start": "00:01:45", "end": "00:01:46", "text": "New special report from or Morgan"}, {"start": "00:01:46", "end": "00:01:49", "text": "Stanley GIC."}, {"start": "00:01:49", "end": "00:01:51", "text": "We aim to support our financial"}, {"start": "00:01:51", "end": "00:01:53", "text": "adviserss and clients who may flexibly"}, {"start": "00:01:53", "end": "00:01:55", "text": "allocate to cryptocurrency as part of"}, {"start": "00:01:55", "end": "00:01:59", "text": "their multi-asset portfolios. So you"}, {"start": "00:01:59", "end": "00:02:01", "text": "just keep in mind what we just looked at"}, {"start": "00:02:01", "end": "00:02:03", "text": "in terms of ETH staking, right?"}, {"start": "00:02:03", "end": "00:02:05", "text": "Institutions getting access now to earn"}, {"start": "00:02:05", "end": "00:02:08", "text": "yield, right? This is something that's"}, {"start": "00:02:08", "end": "00:02:10", "text": "not been done before. And then we have"}, {"start": "00:02:10", "end": "00:02:13", "text": "this, which is coming straight out of"}, {"start": "00:02:13", "end": "00:02:16", "text": "Morgan Stanley. GIC guides 16,000"}, {"start": "00:02:16", "end": "00:02:18", "text": "advisers managing $2 trillion in savings"}, {"start": "00:02:18", "end": "00:02:20", "text": "and wealth for clients. We're entering"}, {"start": "00:02:20", "end": "00:02:23", "text": "the mainstream era. And to put it very"}, {"start": "00:02:23", "end": "00:02:25", "text": "simply, Morgan Stanley says it will"}, {"start": "00:02:25", "end": "00:02:27", "text": "support 16,000 financial advisors"}, {"start": "00:02:27", "end": "00:02:29", "text": "managing two trillion if they wish to"}, {"start": "00:02:29", "end": "00:02:33", "text": "allocate to Bitcoin and crypto. And"}, {"start": "00:02:33", "end": "00:02:34", "text": "something tells me that more and more"}, {"start": "00:02:34", "end": "00:02:37", "text": "people are going to like to allocate to"}, {"start": "00:02:37", "end": "00:02:40", "text": "Bitcoin and crypto. Here's hashts. The"}, {"start": "00:02:40", "end": "00:02:44", "text": "headlines go on right now. Meet NCIQ,"}, {"start": "00:02:44", "end": "00:02:46", "text": "the ETF that follows NCIUS, a public"}, {"start": "00:02:46", "end": "00:02:49", "text": "rules-based benchmark. The first US"}, {"start": "00:02:49", "end": "00:02:54", "text": "multi-asset spot crypto ETA ETP now"}, {"start": "00:02:54", "end": "00:02:57", "text": "covering Bitcoin, Ethereum, XRP, Salana,"}, {"start": "00:02:57", "end": "00:03:00", "text": "ADA, and XLM. We just added an XLM risk"}, {"start": "00:03:00", "end": "00:03:03", "text": "model, which is really cool. and the the"}, {"start": "00:03:03", "end": "00:03:06", "text": "ADA adoption that is happening right now"}, {"start": "00:03:06", "end": "00:03:08", "text": "across institutions with ETFs. I really"}, {"start": "00:03:08", "end": "00:03:11", "text": "like to see it. Here's hashtags. This"}, {"start": "00:03:11", "end": "00:03:12", "text": "was the other day, 5 days ago, October"}, {"start": "00:03:12", "end": "00:03:15", "text": "1st, posting straight up to Cardono"}, {"start": "00:03:15", "end": "00:03:17", "text": "community. We're excited about Cardano"}, {"start": "00:03:17", "end": "00:03:19", "text": "helping to power the future of finance"}, {"start": "00:03:19", "end": "00:03:23", "text": "being added to NCIQ."}, {"start": "00:03:23", "end": "00:03:24", "text": "Those are those are some of the main"}, {"start": "00:03:24", "end": "00:03:26", "text": "headlines. And then we have some kind of"}, {"start": "00:03:26", "end": "00:03:28", "text": "speculative looking ones."}, {"start": "00:03:28", "end": "00:03:30", "text": "Black Rockck CEO Larry Frink says, \"No"}, {"start": "00:03:30", "end": "00:03:32", "text": "one should be surprised if Bitcoin hits"}, {"start": "00:03:32", "end": "00:03:34", "text": "300,000 this cycle.\" Here's another one."}, {"start": "00:03:34", "end": "00:03:35", "text": "I don't know if these are exact quotes."}, {"start": "00:03:35", "end": "00:03:37", "text": "Sometimes you got to be careful on X,"}, {"start": "00:03:37", "end": "00:03:39", "text": "but Larry Frink says crypto to 15"}, {"start": "00:03:39", "end": "00:03:44", "text": "trillion this cycle. The upside insanely"}, {"start": "00:03:44", "end": "00:03:47", "text": "large. Let's start talking about some of"}, {"start": "00:03:47", "end": "00:03:49", "text": "the charts. We we'll monitor, we'll"}, {"start": "00:03:49", "end": "00:03:50", "text": "probably do a more in-depth analysis of"}, {"start": "00:03:50", "end": "00:03:52", "text": "Bitcoin dominance, but right now we have"}, {"start": "00:03:52", "end": "00:03:55", "text": "the 20week moving average just"}, {"start": "00:03:55", "end": "00:03:57", "text": "approaching the 50we. a massive move"}, {"start": "00:03:57", "end": "00:04:00", "text": "that has not happened since last altcoin"}, {"start": "00:04:00", "end": "00:04:02", "text": "season started. So, that move is in"}, {"start": "00:04:02", "end": "00:04:04", "text": "play, but right now we still have this"}, {"start": "00:04:04", "end": "00:04:05", "text": "pullback to those moving averages in"}, {"start": "00:04:05", "end": "00:04:07", "text": "play. Maybe there's upside for Bitcoin"}, {"start": "00:04:07", "end": "00:04:09", "text": "dominance, a couple two, you know, two"}, {"start": "00:04:09", "end": "00:04:12", "text": "3% before going lower. I don't know."}, {"start": "00:04:12", "end": "00:04:14", "text": "Maybe maybe Bitcoin dominance does"}, {"start": "00:04:14", "end": "00:04:16", "text": "something like it's never done before at"}, {"start": "00:04:16", "end": "00:04:17", "text": "this stage of a cycle and just goes"}, {"start": "00:04:17", "end": "00:04:19", "text": "crazy. But right now, I'm looking for a"}, {"start": "00:04:19", "end": "00:04:22", "text": "continuation of altcoin markets. That"}, {"start": "00:04:22", "end": "00:04:23", "text": "would be Bitcoin dominance on this chart"}, {"start": "00:04:23", "end": "00:04:25", "text": "falling. But let's talk about altcoin"}, {"start": "00:04:25", "end": "00:04:27", "text": "markets. What I want to point out to you"}, {"start": "00:04:27", "end": "00:04:30", "text": "is this. Yes, the chart itself is"}, {"start": "00:04:30", "end": "00:04:33", "text": "breaking above this multi-year. I mean,"}, {"start": "00:04:33", "end": "00:04:36", "text": "just look at this. This is this is a"}, {"start": "00:04:36", "end": "00:04:39", "text": "move breaking all-time high from last"}, {"start": "00:04:39", "end": "00:04:42", "text": "cycle. But here's where it becomes more"}, {"start": "00:04:42", "end": "00:04:44", "text": "of just like a visualization exercise, a"}, {"start": "00:04:44", "end": "00:04:48", "text": "charting exercise for me."}, {"start": "00:04:48", "end": "00:04:51", "text": "What is because I I keep saying like"}, {"start": "00:04:51", "end": "00:04:52", "text": "we're just getting started and I don't"}, {"start": "00:04:52", "end": "00:04:54", "text": "mean to do that as like this clickbait"}, {"start": "00:04:54", "end": "00:04:58", "text": "thing. I genuinely think that and I've"}, {"start": "00:04:58", "end": "00:05:00", "text": "thought that for a very long time and"}, {"start": "00:05:00", "end": "00:05:02", "text": "you can just see from bare market lows"}, {"start": "00:05:02", "end": "00:05:03", "text": "it really has been the case. This has"}, {"start": "00:05:03", "end": "00:05:05", "text": "been a slow accumulation of higher highs"}, {"start": "00:05:05", "end": "00:05:07", "text": "and higher lows. So how is it that even"}, {"start": "00:05:07", "end": "00:05:10", "text": "here as we test alltime highs on this"}, {"start": "00:05:10", "end": "00:05:13", "text": "chart we're just getting started. Well,"}, {"start": "00:05:13", "end": "00:05:15", "text": "right now if you look at and I have this"}, {"start": "00:05:15", "end": "00:05:17", "text": "note, what is the risk? You go to our"}, {"start": "00:05:17", "end": "00:05:21", "text": "altcoin risk model is at 27."}, {"start": "00:05:21", "end": "00:05:24", "text": "And if you look at November of 2021 last"}, {"start": "00:05:24", "end": "00:05:25", "text": "cycle, when it was breaking all-time"}, {"start": "00:05:25", "end": "00:05:28", "text": "highs, you can see we're in the 50s,"}, {"start": "00:05:28", "end": "00:05:30", "text": "right? And this is on the altcoin market"}, {"start": "00:05:30", "end": "00:05:32", "text": "cap risk model. We're going to get a a"}, {"start": "00:05:32", "end": "00:05:36", "text": "way better view of of how risk really"}, {"start": "00:05:36", "end": "00:05:39", "text": "just lines up with last cycle at this at"}, {"start": "00:05:39", "end": "00:05:40", "text": "this moment when we look at the Ethereum"}, {"start": "00:05:40", "end": "00:05:42", "text": "chart. This is the altcoin market cap"}, {"start": "00:05:42", "end": "00:05:44", "text": "risk model. But you can just see we're"}, {"start": "00:05:44", "end": "00:05:46", "text": "well below that. And what I want to"}, {"start": "00:05:46", "end": "00:05:48", "text": "point to your attention if we go back to"}, {"start": "00:05:48", "end": "00:05:51", "text": "this chart is well from a price"}, {"start": "00:05:51", "end": "00:05:53", "text": "perspective move right. We are kind of"}, {"start": "00:05:53", "end": "00:05:55", "text": "as we're getting ready to try and break"}, {"start": "00:05:55", "end": "00:05:56", "text": "and I don't know if the move will happen"}, {"start": "00:05:56", "end": "00:05:59", "text": "here. We start getting separation here"}, {"start": "00:05:59", "end": "00:06:01", "text": "from last cycle all-time high. That's a"}, {"start": "00:06:01", "end": "00:06:03", "text": "similar move to what happened back here"}, {"start": "00:06:03", "end": "00:06:05", "text": "in February of 2021. So, we go back to"}, {"start": "00:06:05", "end": "00:06:07", "text": "the risk model and we can zoom into"}, {"start": "00:06:07", "end": "00:06:11", "text": "February of 2021 and you can see even"}, {"start": "00:06:11", "end": "00:06:15", "text": "there it was a 47. We're well below that"}, {"start": "00:06:15", "end": "00:06:17", "text": "now and at a very similar area, meaning"}, {"start": "00:06:17", "end": "00:06:18", "text": "testing all-time highs on the altcoin"}, {"start": "00:06:18", "end": "00:06:21", "text": "market cap chart. This tells me that the"}, {"start": "00:06:21", "end": "00:06:24", "text": "suppression has been insane this cycle"}, {"start": "00:06:24", "end": "00:06:25", "text": "and we really are at the beginning of"}, {"start": "00:06:25", "end": "00:06:27", "text": "the move. Notice that first swing high"}, {"start": "00:06:27", "end": "00:06:29", "text": "went into the mid60s on the altcoin"}, {"start": "00:06:29", "end": "00:06:31", "text": "market cap chart. Ethereum is going to"}, {"start": "00:06:31", "end": "00:06:32", "text": "give us a really nice view. And by the"}, {"start": "00:06:32", "end": "00:06:33", "text": "way, I want to do some short-term"}, {"start": "00:06:33", "end": "00:06:36", "text": "Ethereum analysis because we have this"}, {"start": "00:06:36", "end": "00:06:38", "text": "nice symmetrical triangle busted pattern"}, {"start": "00:06:38", "end": "00:06:40", "text": "now just looking very nice with the"}, {"start": "00:06:40", "end": "00:06:42", "text": "breakout above the upper trend line"}, {"start": "00:06:42", "end": "00:06:44", "text": "after the fake out to the downside. But"}, {"start": "00:06:44", "end": "00:06:47", "text": "going back to Ethereum on the weekly"}, {"start": "00:06:47", "end": "00:06:48", "text": "zoomed out chart, here's where we are"}, {"start": "00:06:48", "end": "00:06:52", "text": "everybody. We are looking at this same"}, {"start": "00:06:52", "end": "00:06:53", "text": "type of vibe that we just saw in the"}, {"start": "00:06:53", "end": "00:06:55", "text": "altcoin market cap chart illustrated on"}, {"start": "00:06:55", "end": "00:06:57", "text": "Ethereum. So we're testing all-time"}, {"start": "00:06:57", "end": "00:07:00", "text": "highs from last cycle. Yes. But the"}, {"start": "00:07:00", "end": "00:07:02", "text": "question is again, well, what's risk"}, {"start": "00:07:02", "end": "00:07:06", "text": "here compared to here? And it's crazy."}, {"start": "00:07:06", "end": "00:07:08", "text": "If you go look at the risk model for"}, {"start": "00:07:08", "end": "00:07:12", "text": "Ethereum, we're at a 56 right now. So,"}, {"start": "00:07:12", "end": "00:07:14", "text": "if you go and we look at all-time high"}, {"start": "00:07:14", "end": "00:07:16", "text": "of last cycle, so somewhere in November"}, {"start": "00:07:16", "end": "00:07:19", "text": "back here, look at this 90s in the 91"}, {"start": "00:07:19", "end": "00:07:22", "text": "area. So then it's kind of like, so"}, {"start": "00:07:22", "end": "00:07:24", "text": "you're telling me Ethereum is basically"}, {"start": "00:07:24", "end": "00:07:26", "text": "at the same price as it was years and"}, {"start": "00:07:26", "end": "00:07:28", "text": "years ago, but the risk has been"}, {"start": "00:07:28", "end": "00:07:31", "text": "completely reset."}, {"start": "00:07:31", "end": "00:07:34", "text": "When I say that we're just getting"}, {"start": "00:07:34", "end": "00:07:36", "text": "started, that, you know, we're still"}, {"start": "00:07:36", "end": "00:07:40", "text": "early here. This is a huge piece of that"}, {"start": "00:07:40", "end": "00:07:43", "text": "puzzle for me. And this is why I say it."}, {"start": "00:07:43", "end": "00:07:45", "text": "I don't say it to be a permable. when"}, {"start": "00:07:45", "end": "00:07:48", "text": "things flip and risk gets too high, I"}, {"start": "00:07:48", "end": "00:07:50", "text": "will talk about it, right? I might not"}, {"start": "00:07:50", "end": "00:07:52", "text": "show the risk models as much because"}, {"start": "00:07:52", "end": "00:07:54", "text": "that is for our members, but I will be"}, {"start": "00:07:54", "end": "00:07:58", "text": "talking about it. And so for in in terms"}, {"start": "00:07:58", "end": "00:08:00", "text": "of my opinion, we're just not there yet."}, {"start": "00:08:00", "end": "00:08:02", "text": "And you can see that 91 last cycle at"}, {"start": "00:08:02", "end": "00:08:04", "text": "this price and it's full reset right"}, {"start": "00:08:04", "end": "00:08:06", "text": "now. Because if you look at Ethereum"}, {"start": "00:08:06", "end": "00:08:10", "text": "charts, right, risk score-wise, if we're"}, {"start": "00:08:10", "end": "00:08:13", "text": "talking about a 56, you go back to the"}, {"start": "00:08:13", "end": "00:08:15", "text": "our risk model. I mean, this is like"}, {"start": "00:08:15", "end": "00:08:18", "text": "December, this is November, you can even"}, {"start": "00:08:18", "end": "00:08:21", "text": "see in mid December, we're at a 51 or"}, {"start": "00:08:21", "end": "00:08:25", "text": "you know, 53, December 25th, um December"}, {"start": "00:08:25", "end": "00:08:27", "text": "15th, 51."}, {"start": "00:08:27", "end": "00:08:28", "text": "That's where we are. And you can see"}, {"start": "00:08:28", "end": "00:08:30", "text": "last cycle that's like the pre-bull"}, {"start": "00:08:30", "end": "00:08:34", "text": "move. This is where I think we still are"}, {"start": "00:08:34", "end": "00:08:36", "text": "with all these headlines going on right"}, {"start": "00:08:36", "end": "00:08:39", "text": "now. So that's kind of from a risk"}, {"start": "00:08:39", "end": "00:08:41", "text": "perspective where we are from a"}, {"start": "00:08:41", "end": "00:08:43", "text": "short-term perspective. I do want to"}, {"start": "00:08:43", "end": "00:08:44", "text": "discuss because we've been tracking it."}, {"start": "00:08:44", "end": "00:08:46", "text": "I've been watching price. We've been"}, {"start": "00:08:46", "end": "00:08:48", "text": "just using Ethereum as a very nice road"}, {"start": "00:08:48", "end": "00:08:51", "text": "map for price. And what we've had most"}, {"start": "00:08:51", "end": "00:08:53", "text": "recently is kind of this this"}, {"start": "00:08:53", "end": "00:08:56", "text": "symmetrical triangle. In my last video,"}, {"start": "00:08:56", "end": "00:08:57", "text": "I was basically just discussing, well,"}, {"start": "00:08:57", "end": "00:09:00", "text": "we have two scenarios. Number one,"}, {"start": "00:09:00", "end": "00:09:01", "text": "something like this playing out where"}, {"start": "00:09:01", "end": "00:09:03", "text": "the 20 was falling below the 50 moving"}, {"start": "00:09:03", "end": "00:09:05", "text": "average, the green below the blue, and"}, {"start": "00:09:05", "end": "00:09:06", "text": "it was kind of like a fake out and we"}, {"start": "00:09:06", "end": "00:09:09", "text": "went higher. Or back here in January"}, {"start": "00:09:09", "end": "00:09:12", "text": "2025, 20 below the 50, and then we"}, {"start": "00:09:12", "end": "00:09:14", "text": "actually fell. Right? Those were our two"}, {"start": "00:09:14", "end": "00:09:16", "text": "scenarios because right now, that's"}, {"start": "00:09:16", "end": "00:09:18", "text": "what's happening. The 20 again is"}, {"start": "00:09:18", "end": "00:09:20", "text": "falling below the 50 and we have this"}, {"start": "00:09:20", "end": "00:09:22", "text": "move to the downside and it's like,"}, {"start": "00:09:22", "end": "00:09:24", "text": "which one's going to play out? What's"}, {"start": "00:09:24", "end": "00:09:25", "text": "very good on the short term and we'll"}, {"start": "00:09:25", "end": "00:09:28", "text": "have to monitor this because right now"}, {"start": "00:09:28", "end": "00:09:29", "text": "Ethereum is not too far above this"}, {"start": "00:09:29", "end": "00:09:32", "text": "Fibonacci and that's one area I want to"}, {"start": "00:09:32", "end": "00:09:33", "text": "just kind of bring to your attention. So"}, {"start": "00:09:33", "end": "00:09:36", "text": "it's swing high to the swing low and"}, {"start": "00:09:36", "end": "00:09:39", "text": "it's just this area of where there could"}, {"start": "00:09:39", "end": "00:09:41", "text": "be potential resistance. You can see"}, {"start": "00:09:41", "end": "00:09:42", "text": "confluent with this green rectangle that"}, {"start": "00:09:42", "end": "00:09:45", "text": "Fibonacci retracement area was the apex"}, {"start": "00:09:45", "end": "00:09:47", "text": "of the triangle and sure enough there"}, {"start": "00:09:47", "end": "00:09:50", "text": "was uh you know like 3 days of sideways"}, {"start": "00:09:50", "end": "00:09:52", "text": "and resistance. Now we're making a move"}, {"start": "00:09:52", "end": "00:09:53", "text": "to the upside. want to see separation"}, {"start": "00:09:53", "end": "00:09:56", "text": "from the apex as well as the Fibonacci."}, {"start": "00:09:56", "end": "00:09:59", "text": "And if there's not separation, what we"}, {"start": "00:09:59", "end": "00:10:00", "text": "want to see, or at least what I want to"}, {"start": "00:10:00", "end": "00:10:03", "text": "see, is continued closes on the daily"}, {"start": "00:10:03", "end": "00:10:05", "text": "above the 20 uh the 20 in green and the"}, {"start": "00:10:05", "end": "00:10:07", "text": "50 in blue. So, I don't even care if"}, {"start": "00:10:07", "end": "00:10:09", "text": "Ethereum just like struggles to break"}, {"start": "00:10:09", "end": "00:10:11", "text": "out right now and just sideways. But, as"}, {"start": "00:10:11", "end": "00:10:13", "text": "long as we're above these moving"}, {"start": "00:10:13", "end": "00:10:15", "text": "averages, that's what I'm looking at."}, {"start": "00:10:15", "end": "00:10:18", "text": "Support above those moving averages for"}, {"start": "00:10:18", "end": "00:10:20", "text": "continuation to the upside. failsafe"}, {"start": "00:10:20", "end": "00:10:22", "text": "support would be the swing low to"}, {"start": "00:10:22", "end": "00:10:26", "text": "wherever resistance might be uh and a"}, {"start": "00:10:26", "end": "00:10:30", "text": "higher low on the daily. So 41 down to"}, {"start": "00:10:30", "end": "00:10:33", "text": "4,000. So that's a failsafe support so"}, {"start": "00:10:33", "end": "00:10:34", "text": "that we do not fall on some you know"}, {"start": "00:10:34", "end": "00:10:37", "text": "more midterm bearish uh momentum. But"}, {"start": "00:10:37", "end": "00:10:39", "text": "right now the breakout for Ethereum and"}, {"start": "00:10:39", "end": "00:10:41", "text": "altcoins is in play. It could be"}, {"start": "00:10:41", "end": "00:10:43", "text": "sideways. We could chop a little bit"}, {"start": "00:10:43", "end": "00:10:45", "text": "into the 20 and the 50 as they kind of"}, {"start": "00:10:45", "end": "00:10:47", "text": "reverse to the upside or we could just"}, {"start": "00:10:47", "end": "00:10:48", "text": "start breaking out now. I do not know"}, {"start": "00:10:48", "end": "00:10:50", "text": "how it will play out, but I'll continue"}, {"start": "00:10:50", "end": "00:10:53", "text": "monitoring. I'll continue tracking and"}, {"start": "00:10:53", "end": "00:10:55", "text": "uh just wanted to share this data with"}, {"start": "00:10:55", "end": "00:10:57", "text": "you as we start this new week. As you"}, {"start": "00:10:57", "end": "00:10:58", "text": "know, I am bullish on crypto, but we"}, {"start": "00:10:58", "end": "00:11:00", "text": "have to manage our risk. We have to kind"}, {"start": "00:11:00", "end": "00:11:02", "text": "of and we're all different, but we have"}, {"start": "00:11:02", "end": "00:11:04", "text": "to just kind of plan accordingly whether"}, {"start": "00:11:04", "end": "00:11:06", "text": "we break out, whether we're sideways,"}, {"start": "00:11:06", "end": "00:11:08", "text": "whether we start falling. So, be careful"}, {"start": "00:11:08", "end": "00:11:10", "text": "out there, everybody. I think the"}, {"start": "00:11:10", "end": "00:11:12", "text": "markets are looking just really good."}, {"start": "00:11:12", "end": "00:11:14", "text": "The headlines are just insane to see."}, {"start": "00:11:14", "end": "00:11:16", "text": "We've waited years for this. So, let's"}, {"start": "00:11:16", "end": "00:11:17", "text": "continue tracking and see how this thing"}, {"start": "00:11:17", "end": "00:11:19", "text": "plays out this week. I appreciate you"}, {"start": "00:11:19", "end": "00:11:22", "text": "watching. Hit the subscribe and like on"}, {"start": "00:11:22", "end": "00:11:23", "text": "the way out. And if you're not in our"}, {"start": "00:11:23", "end": "00:11:25", "text": "intelligence system, please check us"}, {"start": "00:11:25", "end": "00:11:27", "text": "out. Hit the link below. We have a free"}, {"start": "00:11:27", "end": "00:11:30", "text": "trial so you can try our risk models."}, {"start": "00:11:30", "end": "00:11:32", "text": "Get into our exit planner that's back"}, {"start": "00:11:32", "end": "00:11:33", "text": "there. Start planning your exits,"}, {"start": "00:11:33", "end": "00:11:35", "text": "visualizing what the gains might look"}, {"start": "00:11:35", "end": "00:11:38", "text": "like. activate risk mode so that you can"}, {"start": "00:11:38", "end": "00:11:39", "text": "just put that speculation and emotion"}, {"start": "00:11:39", "end": "00:11:42", "text": "aside and kind of use data a little bit"}, {"start": "00:11:42", "end": "00:11:44", "text": "more in terms of setting alerts for"}, {"start": "00:11:44", "end": "00:11:46", "text": "higher risk scores and selling at those"}, {"start": "00:11:46", "end": "00:11:48", "text": "levels. So, appreciate you watching. I"}, {"start": "00:11:48", "end": "00:11:49", "text": "will see you in the next video. God"}, {"start": "00:11:49", "end": "00:11:52", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Here's the altcoin market cap chart."}, {"start": "00:00:02", "end": "00:00:04", "text": "We're going to do some Ethereum analysis"}, {"start": "00:00:04", "end": "00:00:05", "text": "in this video in the short term to get a"}, {"start": "00:00:05", "end": "00:00:08", "text": "sense of two scenarios that I think are"}, {"start": "00:00:08", "end": "00:00:10", "text": "just very much in play. One is to the"}, {"start": "00:00:10", "end": "00:00:12", "text": "upside, one is to the downside. We have"}, {"start": "00:00:12", "end": "00:00:14", "text": "to prepare either way. I think we're"}, {"start": "00:00:14", "end": "00:00:15", "text": "going to find out very soon which one it"}, {"start": "00:00:15", "end": "00:00:18", "text": "is. But if you start here on the the"}, {"start": "00:00:18", "end": "00:00:20", "text": "altcoin market cap chart as we do hover"}, {"start": "00:00:20", "end": "00:00:23", "text": "at all-time high area from last cycle, I"}, {"start": "00:00:23", "end": "00:00:25", "text": "wanted to show you something. This is"}, {"start": "00:00:25", "end": "00:00:26", "text": "probably this is a good picture of how"}, {"start": "00:00:26", "end": "00:00:28", "text": "crazy altcoin holders are probably going"}, {"start": "00:00:28", "end": "00:00:31", "text": "right now. we have this downtrend lower"}, {"start": "00:00:31", "end": "00:00:34", "text": "highs on the slower mo moving momentum"}, {"start": "00:00:34", "end": "00:00:36", "text": "oscillator the RSI here. So this was the"}, {"start": "00:00:36", "end": "00:00:40", "text": "March 2024 run and then right here was"}, {"start": "00:00:40", "end": "00:00:44", "text": "the the kind of fakeout altcoin season"}, {"start": "00:00:44", "end": "00:00:48", "text": "fakeout December 2024 swing high and"}, {"start": "00:00:48", "end": "00:00:50", "text": "then here's our swing high now and it's"}, {"start": "00:00:50", "end": "00:00:54", "text": "a lower high. We see very clearly with"}, {"start": "00:00:54", "end": "00:00:57", "text": "this momentum oscillator, the bull"}, {"start": "00:00:57", "end": "00:00:59", "text": "market for all coins has not happened."}, {"start": "00:00:59", "end": "00:01:01", "text": "We've not had the breakout. And"}, {"start": "00:01:01", "end": "00:01:04", "text": "recently, since really July, every time,"}, {"start": "00:01:04", "end": "00:01:06", "text": "and it's October now, every time we"}, {"start": "00:01:06", "end": "00:01:08", "text": "think we're about to get a breakout,"}, {"start": "00:01:08", "end": "00:01:11", "text": "we're faked out. This is crazy. This to"}, {"start": "00:01:11", "end": "00:01:14", "text": "me is clear manipulation that is"}, {"start": "00:01:14", "end": "00:01:15", "text": "happening right now. You can have so"}, {"start": "00:01:15", "end": "00:01:18", "text": "many theories behind the scenes of why"}, {"start": "00:01:18", "end": "00:01:19", "text": "this is happening, but this is"}, {"start": "00:01:19", "end": "00:01:22", "text": "suppression. And the question is, are we"}, {"start": "00:01:22", "end": "00:01:24", "text": "going to get the breakout or is this"}, {"start": "00:01:24", "end": "00:01:26", "text": "going to is this going to even be drawn"}, {"start": "00:01:26", "end": "00:01:28", "text": "out even more? And nobody has the answer"}, {"start": "00:01:28", "end": "00:01:30", "text": "to that. Literally, nobody has the"}, {"start": "00:01:30", "end": "00:01:33", "text": "answer to that on the macro. I remain"}, {"start": "00:01:33", "end": "00:01:34", "text": "insanely bullish and I want to do"}, {"start": "00:01:34", "end": "00:01:36", "text": "analysis on the Ethereum and Ethereum"}, {"start": "00:01:36", "end": "00:01:37", "text": "daily chart, Ethereum weekly and"}, {"start": "00:01:37", "end": "00:01:40", "text": "Ethereum daily chart. So, hit the"}, {"start": "00:01:40", "end": "00:01:41", "text": "subscribe and like on the way in. If"}, {"start": "00:01:41", "end": "00:01:43", "text": "you're not in our intelligence system,"}, {"start": "00:01:43", "end": "00:01:45", "text": "get back there right now. We we see on"}, {"start": "00:01:45", "end": "00:01:46", "text": "the altcoin market cap, the bulls have"}, {"start": "00:01:46", "end": "00:01:51", "text": "the upper hand, but will that last? Can"}, {"start": "00:01:51", "end": "00:01:53", "text": "they turn this into bulls having full"}, {"start": "00:01:53", "end": "00:01:55", "text": "control? We're going to talk about that"}, {"start": "00:01:55", "end": "00:01:57", "text": "in this video. So, get back here. We"}, {"start": "00:01:57", "end": "00:01:59", "text": "have our free trial going on. Start"}, {"start": "00:01:59", "end": "00:02:00", "text": "getting into our risk model. Start"}, {"start": "00:02:00", "end": "00:02:03", "text": "planning your exits for a bull cycle if"}, {"start": "00:02:03", "end": "00:02:06", "text": "it happens. So, I showed you this before"}, {"start": "00:02:06", "end": "00:02:08", "text": "we start dissecting price action,"}, {"start": "00:02:08", "end": "00:02:11", "text": "especially as we go into this new week"}, {"start": "00:02:11", "end": "00:02:13", "text": "tomorrow. And I want to use Ethereum for"}, {"start": "00:02:13", "end": "00:02:15", "text": "this. I wanted to just do something on"}, {"start": "00:02:15", "end": "00:02:17", "text": "this chart because one thing that I did"}, {"start": "00:02:17", "end": "00:02:21", "text": "notice was there are so there are a"}, {"start": "00:02:21", "end": "00:02:25", "text": "bunch of you know pieces of data we can"}, {"start": "00:02:25", "end": "00:02:26", "text": "pull from and I do it all the time. you"}, {"start": "00:02:26", "end": "00:02:29", "text": "know why I'm so bullish in if it's the"}, {"start": "00:02:29", "end": "00:02:30", "text": "business cycle that we're I think"}, {"start": "00:02:30", "end": "00:02:33", "text": "approaching a very good one for risk on"}, {"start": "00:02:33", "end": "00:02:35", "text": "assets liquidity"}, {"start": "00:02:35", "end": "00:02:38", "text": "if it's pro crypto legislation altcoin"}, {"start": "00:02:38", "end": "00:02:40", "text": "ETFs if it's the fact that all of this"}, {"start": "00:02:40", "end": "00:02:44", "text": "isn't happening right don't forget this"}, {"start": "00:02:44", "end": "00:02:47", "text": "right SEC was in play back here Fed"}, {"start": "00:02:47", "end": "00:02:49", "text": "started hiking rates and then we had"}, {"start": "00:02:49", "end": "00:02:52", "text": "Luna Celsius FTX don't forget these"}, {"start": "00:02:52", "end": "00:02:54", "text": "things everybody that bare market and"}, {"start": "00:02:54", "end": "00:02:56", "text": "and we have like the opposite of all of"}, {"start": "00:02:56", "end": "00:02:58", "text": "those things happening at a breakout"}, {"start": "00:02:58", "end": "00:03:00", "text": "area. But I actually noticed if you just"}, {"start": "00:03:00", "end": "00:03:02", "text": "look at the chart, I say we're in a"}, {"start": "00:03:02", "end": "00:03:04", "text": "pre-bull market area when I look at"}, {"start": "00:03:04", "end": "00:03:06", "text": "things like our risk model for even just"}, {"start": "00:03:06", "end": "00:03:08", "text": "the altcoin market cap chart. Looks like"}, {"start": "00:03:08", "end": "00:03:11", "text": "it's sitting at a 25 if I refresh this."}, {"start": "00:03:11", "end": "00:03:13", "text": "And we're we're at a we're at a pre-bull"}, {"start": "00:03:13", "end": "00:03:15", "text": "market or it's a 27 now. We're at a"}, {"start": "00:03:15", "end": "00:03:17", "text": "pre-bull market number. Clearly, that is"}, {"start": "00:03:17", "end": "00:03:19", "text": "incredibly low risk. But I was looking"}, {"start": "00:03:19", "end": "00:03:22", "text": "at our um that's our exit planner with"}, {"start": "00:03:22", "end": "00:03:25", "text": "our risk mode activated. But this is our"}, {"start": "00:03:25", "end": "00:03:28", "text": "bull bear arena. This is a shorter term"}, {"start": "00:03:28", "end": "00:03:30", "text": "momentum oscillator. This the purpose of"}, {"start": "00:03:30", "end": "00:03:33", "text": "of this I don't think is so much to do"}, {"start": "00:03:33", "end": "00:03:35", "text": "what I'm about to do. But I'm such a"}, {"start": "00:03:35", "end": "00:03:36", "text": "macro person that this is what I"}, {"start": "00:03:36", "end": "00:03:41", "text": "naturally do. I like to spot patterns"}, {"start": "00:03:41", "end": "00:03:43", "text": "and when it comes to momentum and that's"}, {"start": "00:03:43", "end": "00:03:45", "text": "what this is. This is a momentum kind of"}, {"start": "00:03:45", "end": "00:03:47", "text": "tool like especially for the short term."}, {"start": "00:03:47", "end": "00:03:49", "text": "So if you start zooming in on these"}, {"start": "00:03:49", "end": "00:03:51", "text": "charts, right, you get a sense of like"}, {"start": "00:03:51", "end": "00:03:53", "text": "and when we're in a move, how strong is"}, {"start": "00:03:53", "end": "00:03:55", "text": "the move? And even right now, if if I go"}, {"start": "00:03:55", "end": "00:03:58", "text": "to kind of if I zoom out, I can just go"}, {"start": "00:03:58", "end": "00:04:00", "text": "into the six-month and we can just see"}, {"start": "00:04:00", "end": "00:04:02", "text": "what this chart looks like right now."}, {"start": "00:04:02", "end": "00:04:05", "text": "Look at that. This is fake out after"}, {"start": "00:04:05", "end": "00:04:06", "text": "fake out. And here it is to July."}, {"start": "00:04:06", "end": "00:04:08", "text": "There's that fake out on the oscillator"}, {"start": "00:04:08", "end": "00:04:10", "text": "we just saw on the weekly. Boom, back"}, {"start": "00:04:10", "end": "00:04:12", "text": "down. Getting green, getting momentum."}, {"start": "00:04:12", "end": "00:04:15", "text": "Boom, back down. This is crazy, but it's"}, {"start": "00:04:15", "end": "00:04:17", "text": "suppression. And I think it's pre-bull"}, {"start": "00:04:17", "end": "00:04:19", "text": "market suppression. And so what I did"}, {"start": "00:04:19", "end": "00:04:22", "text": "was I zoomed out on the MAX on this. And"}, {"start": "00:04:22", "end": "00:04:26", "text": "this goes back, by the way, to 2013."}, {"start": "00:04:26", "end": "00:04:28", "text": "And I you have to stare at this for a"}, {"start": "00:04:28", "end": "00:04:29", "text": "while, but I just want to show you what"}, {"start": "00:04:29", "end": "00:04:31", "text": "I saw. This move that you see all in"}, {"start": "00:04:31", "end": "00:04:34", "text": "here, right? That July area, just all"}, {"start": "00:04:34", "end": "00:04:37", "text": "that chopping around. It generally is,"}, {"start": "00:04:37", "end": "00:04:39", "text": "and it has been higher highs, higher"}, {"start": "00:04:39", "end": "00:04:40", "text": "lows, everybody. That's what's been"}, {"start": "00:04:40", "end": "00:04:42", "text": "going on right here. It's not been like"}, {"start": "00:04:42", "end": "00:04:44", "text": "bare market. It's not been bull market."}, {"start": "00:04:44", "end": "00:04:46", "text": "It's just look how compressed and"}, {"start": "00:04:46", "end": "00:04:49", "text": "sideways it's been for so long. But this"}, {"start": "00:04:49", "end": "00:04:51", "text": "even recent July to where we are right"}, {"start": "00:04:51", "end": "00:04:53", "text": "now. You go back here. Boom. Very"}, {"start": "00:04:53", "end": "00:04:56", "text": "similar, very similar kind of just look"}, {"start": "00:04:56", "end": "00:04:57", "text": "and feel to what was happening right"}, {"start": "00:04:57", "end": "00:05:00", "text": "here. And this is August, September,"}, {"start": "00:05:00", "end": "00:05:03", "text": "October, November 2020. What is that?"}, {"start": "00:05:03", "end": "00:05:06", "text": "That's pre-bull area. And alls I'm"}, {"start": "00:05:06", "end": "00:05:08", "text": "trying to say is I'm not and I do this a"}, {"start": "00:05:08", "end": "00:05:10", "text": "lot saying kind of we're kind of in that"}, {"start": "00:05:10", "end": "00:05:11", "text": "area right now from different"}, {"start": "00:05:11", "end": "00:05:15", "text": "perspectives, right? But this is just"}, {"start": "00:05:15", "end": "00:05:17", "text": "another perspective. And then you go"}, {"start": "00:05:17", "end": "00:05:19", "text": "back, you go to 2017. Look at this. You"}, {"start": "00:05:19", "end": "00:05:22", "text": "see all this choppiness like kind of"}, {"start": "00:05:22", "end": "00:05:24", "text": "wondering what's going on right here"}, {"start": "00:05:24", "end": "00:05:27", "text": "sideways. It's been kind of up, right?"}, {"start": "00:05:27", "end": "00:05:30", "text": "Little volatile. There's the bears kind"}, {"start": "00:05:30", "end": "00:05:32", "text": "of in control. What's going on?"}, {"start": "00:05:32", "end": "00:05:35", "text": "That was pre-bull area. So if you just"}, {"start": "00:05:35", "end": "00:05:36", "text": "look at that visually, the momentum,"}, {"start": "00:05:36", "end": "00:05:38", "text": "this is a visual picture for me. That's"}, {"start": "00:05:38", "end": "00:05:40", "text": "what this is. You can use this in so"}, {"start": "00:05:40", "end": "00:05:42", "text": "many different ways. For me, this is a"}, {"start": "00:05:42", "end": "00:05:46", "text": "visual p picture. Momentum. I don't see"}, {"start": "00:05:46", "end": "00:05:49", "text": "like this, right? I don't see like bare"}, {"start": "00:05:49", "end": "00:05:52", "text": "market starting. Even still, that was"}, {"start": "00:05:52", "end": "00:05:54", "text": "two cycles ago. I don't see it last"}, {"start": "00:05:54", "end": "00:05:56", "text": "cycle. I don't see this bare market"}, {"start": "00:05:56", "end": "00:05:58", "text": "starting. I see pre-bull market. That's"}, {"start": "00:05:58", "end": "00:06:00", "text": "what I see when I look at the the"}, {"start": "00:06:00", "end": "00:06:02", "text": "similar consistencies of what I see"}, {"start": "00:06:02", "end": "00:06:04", "text": "here. I wanted to bring that up to you"}, {"start": "00:06:04", "end": "00:06:06", "text": "because it's just something I spotted in"}, {"start": "00:06:06", "end": "00:06:08", "text": "our intelligence system. What I want to"}, {"start": "00:06:08", "end": "00:06:10", "text": "do now though as we wait and we kind of"}, {"start": "00:06:10", "end": "00:06:11", "text": "wonder are we going to break to the"}, {"start": "00:06:11", "end": "00:06:13", "text": "upside or altcoins going to just boom"}, {"start": "00:06:13", "end": "00:06:15", "text": "right back down to key moving averages"}, {"start": "00:06:15", "end": "00:06:18", "text": "again. I wanted to take a glance at"}, {"start": "00:06:18", "end": "00:06:21", "text": "Ethereum. And so we'll we'll mainly just"}, {"start": "00:06:21", "end": "00:06:23", "text": "look at the daily chart. Couple things I"}, {"start": "00:06:23", "end": "00:06:24", "text": "want to mention to you. We're going to"}, {"start": "00:06:24", "end": "00:06:26", "text": "look at this momentum oscillator because"}, {"start": "00:06:26", "end": "00:06:28", "text": "you can just see the setup and I'm going"}, {"start": "00:06:28", "end": "00:06:30", "text": "to talk about the two scenarios that can"}, {"start": "00:06:30", "end": "00:06:32", "text": "happen. But what I want to just point"}, {"start": "00:06:32", "end": "00:06:34", "text": "out to you is"}, {"start": "00:06:34", "end": "00:06:36", "text": "all the analysis I've been doing on"}, {"start": "00:06:36", "end": "00:06:38", "text": "Ethereum. It's been insane for me to see"}, {"start": "00:06:38", "end": "00:06:40", "text": "this play out. We broke through the"}, {"start": "00:06:40", "end": "00:06:43", "text": "lower trend line, started talking about"}, {"start": "00:06:43", "end": "00:06:45", "text": "the busted pattern in play. That's in"}, {"start": "00:06:45", "end": "00:06:47", "text": "play. It happened. We broke the upper"}, {"start": "00:06:47", "end": "00:06:51", "text": "trend line. Busted pattern. Boom. Then"}, {"start": "00:06:51", "end": "00:06:54", "text": "typic typical move, right? We break to"}, {"start": "00:06:54", "end": "00:06:56", "text": "the upside and then we wait and we"}, {"start": "00:06:56", "end": "00:06:58", "text": "anticipate for the potential throwback."}, {"start": "00:06:58", "end": "00:06:59", "text": "And we had structure on this daily"}, {"start": "00:06:59", "end": "00:07:01", "text": "chart. If you haven't seen any of the"}, {"start": "00:07:01", "end": "00:07:03", "text": "analysis videos, this symmetrical"}, {"start": "00:07:03", "end": "00:07:04", "text": "triangle of structure. It's a shorter"}, {"start": "00:07:04", "end": "00:07:06", "text": "term triangle. So, we said, you know"}, {"start": "00:07:06", "end": "00:07:09", "text": "what? This is in play. The throwback is"}, {"start": "00:07:09", "end": "00:07:11", "text": "very in play. We have the target to the"}, {"start": "00:07:11", "end": "00:07:15", "text": "mid300s. We sit here $4,400 right now."}, {"start": "00:07:15", "end": "00:07:17", "text": "Even after this potential busted pattern"}, {"start": "00:07:17", "end": "00:07:18", "text": "on the short term is in play, and it"}, {"start": "00:07:18", "end": "00:07:21", "text": "still is, but we sit here. There might"}, {"start": "00:07:21", "end": "00:07:23", "text": "be rejection at this resistance. We are"}, {"start": "00:07:23", "end": "00:07:25", "text": "at the apex of this throwback move, this"}, {"start": "00:07:25", "end": "00:07:27", "text": "pullback move."}, {"start": "00:07:27", "end": "00:07:32", "text": "We could go down, hit the mid-300s. I am"}, {"start": "00:07:32", "end": "00:07:34", "text": "still incredibly bullish on the macro."}, {"start": "00:07:34", "end": "00:07:37", "text": "That's price action that I'm ready for."}, {"start": "00:07:37", "end": "00:07:39", "text": "But what I wanted to point to your"}, {"start": "00:07:39", "end": "00:07:41", "text": "attention is here's the two scenarios."}, {"start": "00:07:41", "end": "00:07:44", "text": "Okay, notice first we have the 20-day"}, {"start": "00:07:44", "end": "00:07:46", "text": "crossing below the 50. A lot of"}, {"start": "00:07:46", "end": "00:07:48", "text": "consolidation right here. We're above"}, {"start": "00:07:48", "end": "00:07:50", "text": "those moving averages, which is good,"}, {"start": "00:07:50", "end": "00:07:52", "text": "but we're at the apex resistance. You"}, {"start": "00:07:52", "end": "00:07:54", "text": "zoom out on this daily chart. I want to"}, {"start": "00:07:54", "end": "00:07:55", "text": "show you this."}, {"start": "00:07:55", "end": "00:07:59", "text": "go to the momentum oscillator and here"}, {"start": "00:07:59", "end": "00:08:03", "text": "we have this falling like lower highs on"}, {"start": "00:08:03", "end": "00:08:06", "text": "the oscillator the RSI good is that we"}, {"start": "00:08:06", "end": "00:08:09", "text": "are towards the end I would say there"}, {"start": "00:08:09", "end": "00:08:11", "text": "could still be another capitulation or"}, {"start": "00:08:11", "end": "00:08:13", "text": "something but we're getting closer to"}, {"start": "00:08:13", "end": "00:08:16", "text": "the end we're not like here but there's"}, {"start": "00:08:16", "end": "00:08:19", "text": "that right now we also had one back here"}, {"start": "00:08:19", "end": "00:08:22", "text": "and then we had one back here notice"}, {"start": "00:08:22", "end": "00:08:27", "text": "this remember this 20-day falling below"}, {"start": "00:08:27", "end": "00:08:30", "text": "the 50. This is just happening right at"}, {"start": "00:08:30", "end": "00:08:32", "text": "this moment of this lower high"}, {"start": "00:08:32", "end": "00:08:34", "text": "consolidation"}, {"start": "00:08:34", "end": "00:08:36", "text": "this time around."}, {"start": "00:08:36", "end": "00:08:39", "text": "20-day falling below the 50 at this"}, {"start": "00:08:39", "end": "00:08:42", "text": "moment right here towards the end of the"}, {"start": "00:08:42", "end": "00:08:45", "text": "consolidation"}, {"start": "00:08:45", "end": "00:08:48", "text": "right here this time around 20 below the"}, {"start": "00:08:48", "end": "00:08:53", "text": "50 right here"}, {"start": "00:08:53", "end": "00:08:57", "text": "towards the beginning of this downtrend."}, {"start": "00:08:57", "end": "00:09:00", "text": "What's good right now is and and here"}, {"start": "00:09:00", "end": "00:09:02", "text": "are the two scenarios by the way. It's"}, {"start": "00:09:02", "end": "00:09:06", "text": "these two. It's one and it's two. This"}, {"start": "00:09:06", "end": "00:09:09", "text": "one, it failed to break in continuation"}, {"start": "00:09:09", "end": "00:09:11", "text": "to the upside and we fell heavily to the"}, {"start": "00:09:11", "end": "00:09:13", "text": "downside. This is a while ago. This was"}, {"start": "00:09:13", "end": "00:09:16", "text": "March, spring of 2025. Different part of"}, {"start": "00:09:16", "end": "00:09:18", "text": "the business cycle, right, than we are"}, {"start": "00:09:18", "end": "00:09:20", "text": "right now. Different part of crypto"}, {"start": "00:09:20", "end": "00:09:22", "text": "cycles, different part of crypto"}, {"start": "00:09:22", "end": "00:09:24", "text": "legislation. There was tariff fear"}, {"start": "00:09:24", "end": "00:09:26", "text": "getting ready to come into play in like,"}, {"start": "00:09:26", "end": "00:09:31", "text": "you know, April. Different time. So"}, {"start": "00:09:31", "end": "00:09:32", "text": "that's one scenario though. we fail and"}, {"start": "00:09:32", "end": "00:09:37", "text": "we fall or 20-day balling below the 50."}, {"start": "00:09:37", "end": "00:09:39", "text": "There it is. Boom. Fake out. We continue"}, {"start": "00:09:39", "end": "00:09:42", "text": "higher. That's the other scenario. So,"}, {"start": "00:09:42", "end": "00:09:43", "text": "if you chart that, this is really, this"}, {"start": "00:09:43", "end": "00:09:45", "text": "is, I mean, this is really cool. You can"}, {"start": "00:09:45", "end": "00:09:47", "text": "literally, not because it's going to"}, {"start": "00:09:47", "end": "00:09:49", "text": "give you the exact targets and like the"}, {"start": "00:09:49", "end": "00:09:51", "text": "price action, but you can just chart a"}, {"start": "00:09:51", "end": "00:09:53", "text": "fractal from when the 20 was falling"}, {"start": "00:09:53", "end": "00:09:55", "text": "below the 50 back here. There's the"}, {"start": "00:09:55", "end": "00:09:57", "text": "move. This is basically where we are"}, {"start": "00:09:57", "end": "00:09:58", "text": "right now. Like this little pullback"}, {"start": "00:09:58", "end": "00:10:01", "text": "above the moving averages, right? You"}, {"start": "00:10:01", "end": "00:10:03", "text": "can take that and you can say there's"}, {"start": "00:10:03", "end": "00:10:05", "text": "scenario one. Obviously, I'm not saying"}, {"start": "00:10:05", "end": "00:10:07", "text": "we're going to 2,00. It could happen,"}, {"start": "00:10:07", "end": "00:10:10", "text": "but like it could be something like"}, {"start": "00:10:10", "end": "00:10:12", "text": "this. Hitting our target to the apex."}, {"start": "00:10:12", "end": "00:10:14", "text": "And then we can say, okay, here's"}, {"start": "00:10:14", "end": "00:10:16", "text": "scenario two. Here's the other 20 below"}, {"start": "00:10:16", "end": "00:10:20", "text": "the 50 and we have a breakout to the"}, {"start": "00:10:20", "end": "00:10:23", "text": "upside. What's clear here is nobody"}, {"start": "00:10:23", "end": "00:10:25", "text": "knows. And I never sit here and say that"}, {"start": "00:10:25", "end": "00:10:27", "text": "I know. I'm literally just thinking out"}, {"start": "00:10:27", "end": "00:10:29", "text": "loud with you and charting these charts"}, {"start": "00:10:29", "end": "00:10:31", "text": "because here we are. We're at"}, {"start": "00:10:31", "end": "00:10:32", "text": "resistance. Nobody knows what's going to"}, {"start": "00:10:32", "end": "00:10:34", "text": "happen going into this new week."}, {"start": "00:10:34", "end": "00:10:35", "text": "Everybody's watching charts. Everybody's"}, {"start": "00:10:35", "end": "00:10:38", "text": "watching altcoins, especially wondering,"}, {"start": "00:10:38", "end": "00:10:40", "text": "are they ever going to even enter a bull"}, {"start": "00:10:40", "end": "00:10:43", "text": "market? And since we're watching, if you"}, {"start": "00:10:43", "end": "00:10:45", "text": "go to the daily, the best thing to do is"}, {"start": "00:10:45", "end": "00:10:47", "text": "not really to guess what's going to"}, {"start": "00:10:47", "end": "00:10:49", "text": "happen. The best thing to do is chart"}, {"start": "00:10:49", "end": "00:10:51", "text": "something like this, especially with"}, {"start": "00:10:51", "end": "00:10:54", "text": "data that we have in terms of Ethereum"}, {"start": "00:10:54", "end": "00:10:57", "text": "price action. chart it, visualize it,"}, {"start": "00:10:57", "end": "00:10:58", "text": "and take any altcoin that you hold, take"}, {"start": "00:10:58", "end": "00:11:00", "text": "any position that you're in right now"}, {"start": "00:11:00", "end": "00:11:01", "text": "and say, you know what, am I comfortable"}, {"start": "00:11:01", "end": "00:11:04", "text": "with either way? Am I ready either way?"}, {"start": "00:11:04", "end": "00:11:06", "text": "That's that's always the answer that I"}, {"start": "00:11:06", "end": "00:11:08", "text": "need to come to. That is why I do"}, {"start": "00:11:08", "end": "00:11:10", "text": "analysis. And I just really like"}, {"start": "00:11:10", "end": "00:11:13", "text": "tracking the journey with y'all. So,"}, {"start": "00:11:13", "end": "00:11:14", "text": "these are the scenarios for Ethereum."}, {"start": "00:11:14", "end": "00:11:16", "text": "The question for you is, are you ready"}, {"start": "00:11:16", "end": "00:11:17", "text": "either way? Doesn't matter if you hold"}, {"start": "00:11:17", "end": "00:11:19", "text": "Ethereum, just any altcoins because this"}, {"start": "00:11:19", "end": "00:11:21", "text": "will be the general directions of of the"}, {"start": "00:11:21", "end": "00:11:25", "text": "altcoin markets. And so"}, {"start": "00:11:25", "end": "00:11:27", "text": "my thing is when I go to the altcoin"}, {"start": "00:11:27", "end": "00:11:30", "text": "chart, I zoom out. Yes, a breakout would"}, {"start": "00:11:30", "end": "00:11:31", "text": "be phenomenal, but the way this game has"}, {"start": "00:11:31", "end": "00:11:35", "text": "been played, especially this cycle, and"}, {"start": "00:11:35", "end": "00:11:37", "text": "with everything going on, let's just"}, {"start": "00:11:37", "end": "00:11:39", "text": "anticipate everything, which could"}, {"start": "00:11:39", "end": "00:11:42", "text": "include a throwback to the moving"}, {"start": "00:11:42", "end": "00:11:44", "text": "averages. We've been here before, right?"}, {"start": "00:11:44", "end": "00:11:47", "text": "Around a year ago, we got rejected."}, {"start": "00:11:47", "end": "00:11:49", "text": "Let's see what happens this time around."}, {"start": "00:11:49", "end": "00:11:53", "text": "I will say this on the macro because you"}, {"start": "00:11:53", "end": "00:11:54", "text": "know all the things that I talk about in"}, {"start": "00:11:54", "end": "00:11:58", "text": "this channel, I'm bullish and I remain"}, {"start": "00:11:58", "end": "00:12:00", "text": "so. So those are my thoughts this"}, {"start": "00:12:00", "end": "00:12:01", "text": "Saturday evening. If I hope you're"}, {"start": "00:12:01", "end": "00:12:03", "text": "having a good weekend out there and I"}, {"start": "00:12:03", "end": "00:12:04", "text": "hope you have a good start to your week."}, {"start": "00:12:04", "end": "00:12:05", "text": "Hit the subscribe if you're not a"}, {"start": "00:12:05", "end": "00:12:07", "text": "subscriber. Get into our intelligence"}, {"start": "00:12:07", "end": "00:12:09", "text": "system. Start using our exit planners"}, {"start": "00:12:09", "end": "00:12:11", "text": "with risk mode activated. You can get"}, {"start": "00:12:11", "end": "00:12:13", "text": "back there, start speculating with a"}, {"start": "00:12:13", "end": "00:12:14", "text": "bunch of different assets and you can"}, {"start": "00:12:14", "end": "00:12:17", "text": "price speculate, too. Get our risk"}, {"start": "00:12:17", "end": "00:12:19", "text": "models. And uh I appreciate you if you"}, {"start": "00:12:19", "end": "00:12:21", "text": "are trying the system out at the very"}, {"start": "00:12:21", "end": "00:12:23", "text": "least. And all you members out there,"}, {"start": "00:12:23", "end": "00:12:25", "text": "thank you for just being on board with"}, {"start": "00:12:25", "end": "00:12:27", "text": "us as we grow this thing. So I will see"}, {"start": "00:12:27", "end": "00:12:31", "text": "you all on the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Cardano holders have waited years for a"}, {"start": "00:00:02", "end": "00:00:05", "text": "tier one stable coin to enter the"}, {"start": "00:00:05", "end": "00:00:07", "text": "ecosystem. Could you imagine if this"}, {"start": "00:00:07", "end": "00:00:10", "text": "happens at the confluence of a starting"}, {"start": "00:00:10", "end": "00:00:13", "text": "bull market, Google Cloud also stepping"}, {"start": "00:00:13", "end": "00:00:16", "text": "into Cardano ecosystem and a whole list"}, {"start": "00:00:16", "end": "00:00:20", "text": "of Cardano ETFs, some active and some"}, {"start": "00:00:20", "end": "00:00:22", "text": "very much in play. I want to talk about"}, {"start": "00:00:22", "end": "00:00:23", "text": "all these things as it relates to"}, {"start": "00:00:23", "end": "00:00:25", "text": "Cardano as we make our way into the"}, {"start": "00:00:25", "end": "00:00:27", "text": "macro analysis on the weekly chart for"}, {"start": "00:00:27", "end": "00:00:30", "text": "Cardano as well as the short term"}, {"start": "00:00:30", "end": "00:00:31", "text": "because right now as we start evaluating"}, {"start": "00:00:31", "end": "00:00:33", "text": "the short-term price action of Cardano"}, {"start": "00:00:33", "end": "00:00:35", "text": "we are at immediate resistance and the"}, {"start": "00:00:35", "end": "00:00:38", "text": "range that we are at isn't that large"}, {"start": "00:00:38", "end": "00:00:39", "text": "but I want to discuss it because there's"}, {"start": "00:00:39", "end": "00:00:41", "text": "some caution to be had as always"}, {"start": "00:00:41", "end": "00:00:43", "text": "especially in these very volatile"}, {"start": "00:00:43", "end": "00:00:44", "text": "markets. So hit the subscribe and like"}, {"start": "00:00:44", "end": "00:00:46", "text": "on the way in. If you're not in our"}, {"start": "00:00:46", "end": "00:00:48", "text": "intelligence system click the link below"}, {"start": "00:00:48", "end": "00:00:50", "text": "set up a free trial. Set up your custom"}, {"start": "00:00:50", "end": "00:00:52", "text": "dashboard right here in our intelligence"}, {"start": "00:00:52", "end": "00:00:55", "text": "system. Use our risk models. Use our"}, {"start": "00:00:55", "end": "00:00:58", "text": "price mode to kind of speculate and plan"}, {"start": "00:00:58", "end": "00:01:00", "text": "your exit strategy. Imagine visualizing"}, {"start": "00:01:00", "end": "00:01:03", "text": "what selling looks like in a bull market"}, {"start": "00:01:03", "end": "00:01:05", "text": "so you have the plan before it happens."}, {"start": "00:01:05", "end": "00:01:07", "text": "Get back there. Start planning. Start"}, {"start": "00:01:07", "end": "00:01:09", "text": "strategizing. Let's start the video. I"}, {"start": "00:01:09", "end": "00:01:11", "text": "want to start here. This is uh Paul over"}, {"start": "00:01:11", "end": "00:01:14", "text": "here posting on X Cardano and tier one"}, {"start": "00:01:14", "end": "00:01:17", "text": "stable coins. Could this be the first"}, {"start": "00:01:17", "end": "00:01:19", "text": "big win for Cardano of a combined"}, {"start": "00:01:19", "end": "00:01:21", "text": "approach from all entities? Check this"}, {"start": "00:01:21", "end": "00:01:22", "text": "out really quick."}, {"start": "00:01:22", "end": "00:01:23", "text": "I think one of the missing core"}, {"start": "00:01:23", "end": "00:01:25", "text": "primitives is a tier one stable coming"}, {"start": "00:01:25", "end": "00:01:28", "text": "into the ecosystem. So there have been"}, {"start": "00:01:28", "end": "00:01:30", "text": "numerous conversations by different"}, {"start": "00:01:30", "end": "00:01:34", "text": "parts of Cardano. So IO CF ourselves in"}, {"start": "00:01:34", "end": "00:01:37", "text": "by the way like this video that you're"}, {"start": "00:01:37", "end": "00:01:41", "text": "watching is is basically the three arms"}, {"start": "00:01:41", "end": "00:01:45", "text": "of Cardano, right? IO, Cardono"}, {"start": "00:01:45", "end": "00:01:48", "text": "Foundation, Emergo, and we have waited"}, {"start": "00:01:48", "end": "00:01:50", "text": "years for stable coins. And this is what"}, {"start": "00:01:50", "end": "00:01:51", "text": "he's talking about."}, {"start": "00:01:51", "end": "00:01:53", "text": "Facing off against the USDTs, the"}, {"start": "00:01:53", "end": "00:01:56", "text": "USDC's, USD1s, etc. in the world. Um, 24"}, {"start": "00:01:56", "end": "00:02:00", "text": "hours ago in a room not far from here,"}, {"start": "00:02:00", "end": "00:02:03", "text": "Fred, myself, Charles, family from"}, {"start": "00:02:03", "end": "00:02:04", "text": "midnight"}, {"start": "00:02:04", "end": "00:02:08", "text": "were in a room speaking to a tier one"}, {"start": "00:02:08", "end": "00:02:11", "text": "and collectively. So that's this is like"}, {"start": "00:02:11", "end": "00:02:14", "text": "if there was a post on X of just like"}, {"start": "00:02:14", "end": "00:02:17", "text": "that these people were talking to a tier"}, {"start": "00:02:17", "end": "00:02:19", "text": "one that would be like like a very"}, {"start": "00:02:19", "end": "00:02:21", "text": "bullish post but here's a video and he's"}, {"start": "00:02:21", "end": "00:02:23", "text": "telling a story of this happening 24"}, {"start": "00:02:23", "end": "00:02:25", "text": "hours ago and obviously this was posted"}, {"start": "00:02:25", "end": "00:02:26", "text": "yesterday but check it out"}, {"start": "00:02:26", "end": "00:02:29", "text": "presenting Cardano's compelling you know"}, {"start": "00:02:29", "end": "00:02:31", "text": "ecosystem and need for a tier one"}, {"start": "00:02:31", "end": "00:02:34", "text": "stable. In fact, in that meeting, they"}, {"start": "00:02:34", "end": "00:02:35", "text": "also pitched to us why they find us"}, {"start": "00:02:35", "end": "00:02:37", "text": "attractive and why they think that"}, {"start": "00:02:37", "end": "00:02:38", "text": "there's a real opportunity to work"}, {"start": "00:02:38", "end": "00:02:41", "text": "together. And so, that is an example"}, {"start": "00:02:41", "end": "00:02:43", "text": "that I don't think many in the community"}, {"start": "00:02:43", "end": "00:02:46", "text": "thought would be possible even two weeks"}, {"start": "00:02:46", "end": "00:02:49", "text": "ago, but we actually made it happen"}, {"start": "00:02:49", "end": "00:02:51", "text": "because we actually want what's best for"}, {"start": "00:02:51", "end": "00:02:53", "text": "the community."}, {"start": "00:02:53", "end": "00:02:55", "text": "Surprise, surprise, right? And when"}, {"start": "00:02:55", "end": "00:02:56", "text": "So, that's not even the best part. What"}, {"start": "00:02:56", "end": "00:02:58", "text": "he's about to say is the best part. So,"}, {"start": "00:02:58", "end": "00:03:00", "text": "check it out. experienced professionals"}, {"start": "00:03:00", "end": "00:03:03", "text": "kind of talk and understand what is"}, {"start": "00:03:03", "end": "00:03:06", "text": "missing and what can we do together,"}, {"start": "00:03:06", "end": "00:03:08", "text": "you'll find very quickly that we can"}, {"start": "00:03:08", "end": "00:03:10", "text": "make it happen. So, I think in the"}, {"start": "00:03:10", "end": "00:03:13", "text": "coming weeks um and months, you're going"}, {"start": "00:03:13", "end": "00:03:14", "text": "to see a few announcements that are"}, {"start": "00:03:14", "end": "00:03:17", "text": "going to fill a few of those big"}, {"start": "00:03:17", "end": "00:03:18", "text": "potholes."}, {"start": "00:03:18", "end": "00:03:21", "text": "That's crazy. a few big So this is that"}, {"start": "00:03:21", "end": "00:03:23", "text": "to me sounds like a few big"}, {"start": "00:03:23", "end": "00:03:26", "text": "announcements for tier one stable coin"}, {"start": "00:03:26", "end": "00:03:29", "text": "to Cardano in the short to midterm and"}, {"start": "00:03:29", "end": "00:03:31", "text": "that's what I'm saying right at the"}, {"start": "00:03:31", "end": "00:03:33", "text": "confluence of where we are from a macro"}, {"start": "00:03:33", "end": "00:03:35", "text": "cycle perspective from a business cycle"}, {"start": "00:03:35", "end": "00:03:38", "text": "standpoint. So this is massive. It"}, {"start": "00:03:38", "end": "00:03:40", "text": "really came out of nowhere. Cardono has"}, {"start": "00:03:40", "end": "00:03:42", "text": "a lot of other bullishness going on. We"}, {"start": "00:03:42", "end": "00:03:44", "text": "just saw this Google Cloud stepping into"}, {"start": "00:03:44", "end": "00:03:45", "text": "Cardano's ecosystem through its"}, {"start": "00:03:45", "end": "00:03:48", "text": "partnership with Midnight by running a"}, {"start": "00:03:48", "end": "00:03:50", "text": "validator node. Google Cloud won't just"}, {"start": "00:03:50", "end": "00:03:52", "text": "interact with ADA. They'll also hold"}, {"start": "00:03:52", "end": "00:03:55", "text": "Cardano native tokens like Knight. So,"}, {"start": "00:03:55", "end": "00:03:58", "text": "this is massive. And then do not forget"}, {"start": "00:03:58", "end": "00:04:00", "text": "the momentum that Cardano is getting in"}, {"start": "00:04:00", "end": "00:04:04", "text": "terms of ETFs. So, here's here are"}, {"start": "00:04:04", "end": "00:04:08", "text": "dedicated ADA products and ETFs right"}, {"start": "00:04:08", "end": "00:04:10", "text": "here that are kind of out there. 21"}, {"start": "00:04:10", "end": "00:04:13", "text": "shares, uh, hashtags, NASDAQ, and by the"}, {"start": "00:04:13", "end": "00:04:15", "text": "way, this was just readded in this"}, {"start": "00:04:15", "end": "00:04:18", "text": "month, October 2025."}, {"start": "00:04:18", "end": "00:04:20", "text": "it was reedded to it. Grayscale Digital"}, {"start": "00:04:20", "end": "00:04:23", "text": "Large Cap Fund, Coin Shares Altcoin ETF."}, {"start": "00:04:23", "end": "00:04:26", "text": "But check this out. Up and coming"}, {"start": "00:04:26", "end": "00:04:30", "text": "Grayscale Cardano Spot ETF and a Tuttle"}, {"start": "00:04:30", "end": "00:04:34", "text": "Capital 2X Cardano leveraged ETF."}, {"start": "00:04:34", "end": "00:04:37", "text": "Cardano has so much going on right now"}, {"start": "00:04:37", "end": "00:04:40", "text": "in terms of and listen, this is a"}, {"start": "00:04:40", "end": "00:04:43", "text": "proven, secure, most decentralized top"}, {"start": "00:04:43", "end": "00:04:46", "text": "10. It is so well positioned to"}, {"start": "00:04:46", "end": "00:04:49", "text": "capitalize on the liquidity, the the"}, {"start": "00:04:49", "end": "00:04:51", "text": "inflows that are coming into crypto, to"}, {"start": "00:04:51", "end": "00:04:54", "text": "capitalize on all the proc crypto"}, {"start": "00:04:54", "end": "00:04:56", "text": "legislation and innovation, Bitcoin,"}, {"start": "00:04:56", "end": "00:04:59", "text": "DeFi, everything. It is positioned the"}, {"start": "00:04:59", "end": "00:05:02", "text": "fundamental value pay play for Cardano"}, {"start": "00:05:02", "end": "00:05:04", "text": "is lining up very nicely. This is why"}, {"start": "00:05:04", "end": "00:05:07", "text": "I've called Cardano a value play over"}, {"start": "00:05:07", "end": "00:05:09", "text": "the years. It is not. When it comes to"}, {"start": "00:05:09", "end": "00:05:11", "text": "Cardano or I'm sorry, when it comes to"}, {"start": "00:05:11", "end": "00:05:14", "text": "crypto, this has not been a terrible"}, {"start": "00:05:14", "end": "00:05:17", "text": "asset to accumulate. As much hate as"}, {"start": "00:05:17", "end": "00:05:20", "text": "Cardano gets for, you know, maybe a lot"}, {"start": "00:05:20", "end": "00:05:24", "text": "of sideways and and just extended"}, {"start": "00:05:24", "end": "00:05:25", "text": "consolidation."}, {"start": "00:05:25", "end": "00:05:27", "text": "It's not just Cardano. This has been the"}, {"start": "00:05:27", "end": "00:05:30", "text": "altcoin markets, but since bare market"}, {"start": "00:05:30", "end": "00:05:33", "text": "lows in 2023, here you can see it's been"}, {"start": "00:05:33", "end": "00:05:34", "text": "higher highs and higher lows. If you've"}, {"start": "00:05:34", "end": "00:05:37", "text": "been accumulating Cardano into this part"}, {"start": "00:05:37", "end": "00:05:40", "text": "of the cycle,"}, {"start": "00:05:40", "end": "00:05:41", "text": "I don't think you've done anything"}, {"start": "00:05:41", "end": "00:05:44", "text": "wrong. I really don't. I think you are"}, {"start": "00:05:44", "end": "00:05:47", "text": "very nicely prepared and positioned."}, {"start": "00:05:47", "end": "00:05:48", "text": "That's what I think. So, let's start"}, {"start": "00:05:48", "end": "00:05:51", "text": "talking about this. I I I know I'm on"}, {"start": "00:05:51", "end": "00:05:52", "text": "the weekly. I just want to take a glance"}, {"start": "00:05:52", "end": "00:05:54", "text": "at the monthly right now just to kind of"}, {"start": "00:05:54", "end": "00:05:57", "text": "point something out to you. The the"}, {"start": "00:05:57", "end": "00:05:59", "text": "I mean, you can see last cycle it's it"}, {"start": "00:05:59", "end": "00:06:01", "text": "was it was very similar, right? We've"}, {"start": "00:06:01", "end": "00:06:03", "text": "done this non-stop comparing these"}, {"start": "00:06:03", "end": "00:06:05", "text": "things. The only difference is it's just"}, {"start": "00:06:05", "end": "00:06:07", "text": "longer this time and that's because"}, {"start": "00:06:07", "end": "00:06:10", "text": "we've had an extended business cycle."}, {"start": "00:06:10", "end": "00:06:11", "text": "But I just want to point out to you on"}, {"start": "00:06:11", "end": "00:06:15", "text": "the monthly the RSI it is"}, {"start": "00:06:15", "end": "00:06:18", "text": "it's just so bullish. I don't know how"}, {"start": "00:06:18", "end": "00:06:21", "text": "how else to say that. That's not like an"}, {"start": "00:06:21", "end": "00:06:25", "text": "opinion in terms of emotion. That's an"}, {"start": "00:06:25", "end": "00:06:28", "text": "opinion based on strict data. And if you"}, {"start": "00:06:28", "end": "00:06:31", "text": "see a monthly RSI with this uptrend of"}, {"start": "00:06:31", "end": "00:06:34", "text": "higher highs, higher lows, and you and"}, {"start": "00:06:34", "end": "00:06:36", "text": "you even especially in crypto, this"}, {"start": "00:06:36", "end": "00:06:37", "text": "becomes very valuable. You look at"}, {"start": "00:06:37", "end": "00:06:39", "text": "previous cycles and where these cryptos"}, {"start": "00:06:39", "end": "00:06:42", "text": "have topped out and bull markets, you"}, {"start": "00:06:42", "end": "00:06:44", "text": "can just see the upside that Cardano has"}, {"start": "00:06:44", "end": "00:06:46", "text": "right now. We are quite literally like"}, {"start": "00:06:46", "end": "00:06:50", "text": "kind of right here in terms of Cardano"}, {"start": "00:06:50", "end": "00:06:52", "text": "upside potential. So that's the monthly."}, {"start": "00:06:52", "end": "00:06:54", "text": "If you go over here to the weekly, I"}, {"start": "00:06:54", "end": "00:06:56", "text": "just want to give an update on something"}, {"start": "00:06:56", "end": "00:06:57", "text": "because it's something I've been we've"}, {"start": "00:06:57", "end": "00:06:59", "text": "been just tracking on this channel for"}, {"start": "00:06:59", "end": "00:07:00", "text": "months. You know, we've been tracking"}, {"start": "00:07:00", "end": "00:07:03", "text": "this for months. This 20 or I'm sorry."}, {"start": "00:07:03", "end": "00:07:06", "text": "Yeah, the this 200 week moving average,"}, {"start": "00:07:06", "end": "00:07:08", "text": "I want to just put this area here."}, {"start": "00:07:08", "end": "00:07:10", "text": "Always have it on our radar. Not because"}, {"start": "00:07:10", "end": "00:07:13", "text": "it's like a target for Cardano. I just"}, {"start": "00:07:13", "end": "00:07:15", "text": "want to have it on the radar. But that"}, {"start": "00:07:15", "end": "00:07:18", "text": "200 week moving average and then we have"}, {"start": "00:07:18", "end": "00:07:20", "text": "the 20week moving average entering the"}, {"start": "00:07:20", "end": "00:07:22", "text": "bare market back here. this bull market"}, {"start": "00:07:22", "end": "00:07:24", "text": "door area. We've been faked out enough"}, {"start": "00:07:24", "end": "00:07:28", "text": "since the last kind of run that we had"}, {"start": "00:07:28", "end": "00:07:30", "text": "around a year ago to the bull market"}, {"start": "00:07:30", "end": "00:07:34", "text": "door area. I'm just waiting. I'm simply"}, {"start": "00:07:34", "end": "00:07:36", "text": "waiting on the macro for this to break."}, {"start": "00:07:36", "end": "00:07:38", "text": "I don't know how else to put it. I will"}, {"start": "00:07:38", "end": "00:07:40", "text": "track price action and we're about to on"}, {"start": "00:07:40", "end": "00:07:42", "text": "the daily chart. We might get faked out"}, {"start": "00:07:42", "end": "00:07:44", "text": "again. Everybody's getting very bullish."}, {"start": "00:07:44", "end": "00:07:47", "text": "This all this this happens so often. I"}, {"start": "00:07:47", "end": "00:07:48", "text": "want to look at the confirmation area"}, {"start": "00:07:48", "end": "00:07:50", "text": "that that Cardano needs to break. But"}, {"start": "00:07:50", "end": "00:07:52", "text": "there's reason to be caution or"}, {"start": "00:07:52", "end": "00:07:55", "text": "cautious. But with that being said,"}, {"start": "00:07:55", "end": "00:07:57", "text": "going back to this chart, if we start"}, {"start": "00:07:57", "end": "00:08:00", "text": "making a break into this pattern to the"}, {"start": "00:08:00", "end": "00:08:02", "text": "upside, we're going to talk about how"}, {"start": "00:08:02", "end": "00:08:04", "text": "bullish that can be. This could be the"}, {"start": "00:08:04", "end": "00:08:06", "text": "path to the$1205"}, {"start": "00:08:06", "end": "00:08:09", "text": "area that on the macro really needs to"}, {"start": "00:08:09", "end": "00:08:12", "text": "break. One thing before we pivot to the"}, {"start": "00:08:12", "end": "00:08:14", "text": "short-term price action and what's going"}, {"start": "00:08:14", "end": "00:08:16", "text": "on with ADA that I just want to point"}, {"start": "00:08:16", "end": "00:08:19", "text": "out to you that I find so exciting is we"}, {"start": "00:08:19", "end": "00:08:20", "text": "are at this price level that we were"}, {"start": "00:08:20", "end": "00:08:23", "text": "here that we were at in February 2021."}, {"start": "00:08:23", "end": "00:08:25", "text": "And I know I mentioned this in"}, {"start": "00:08:25", "end": "00:08:26", "text": "yesterday's video, so forgive me for"}, {"start": "00:08:26", "end": "00:08:28", "text": "repeating myself, but if we go into our"}, {"start": "00:08:28", "end": "00:08:31", "text": "intelligence system and we click Cardano"}, {"start": "00:08:31", "end": "00:08:32", "text": "and we click the risk model and we open"}, {"start": "00:08:32", "end": "00:08:35", "text": "the risk model. So we're at the same"}, {"start": "00:08:35", "end": "00:08:37", "text": "price point basically as like right here"}, {"start": "00:08:37", "end": "00:08:40", "text": "if I can. There's 68. Let me zoom in a"}, {"start": "00:08:40", "end": "00:08:43", "text": "little bit. So like 70. Right now we're"}, {"start": "00:08:43", "end": "00:08:46", "text": "at 86 cents. So there's a really fast"}, {"start": "00:08:46", "end": "00:08:49", "text": "pop from 70 to 92. Look at that. In one"}, {"start": "00:08:49", "end": "00:08:51", "text": "day, look how quick this moves. But"}, {"start": "00:08:51", "end": "00:08:53", "text": "either way, 92 cents. We're right in the"}, {"start": "00:08:53", "end": "00:08:57", "text": "range. 80 risk score. Right now we're at"}, {"start": "00:08:57", "end": "00:08:59", "text": "a similar price point and we are at a"}, {"start": "00:08:59", "end": "00:09:02", "text": "complete lowrisk pre-bull market number"}, {"start": "00:09:02", "end": "00:09:04", "text": "37. I just want to keep pointing that"}, {"start": "00:09:04", "end": "00:09:06", "text": "out to you. And when this gets into"}, {"start": "00:09:06", "end": "00:09:09", "text": "actionable areas, probably 50s, 60s,7s"}, {"start": "00:09:09", "end": "00:09:11", "text": "and above, I will not be showing this"}, {"start": "00:09:11", "end": "00:09:13", "text": "chart. This is for members. That is what"}, {"start": "00:09:13", "end": "00:09:15", "text": "this is for. Right now, we're we're in a"}, {"start": "00:09:15", "end": "00:09:17", "text": "moderate buy territory, but we're not so"}, {"start": "00:09:17", "end": "00:09:20", "text": "much in heavy accumulation or heavy sell"}, {"start": "00:09:20", "end": "00:09:22", "text": "mode, right? So, I'll continue showing"}, {"start": "00:09:22", "end": "00:09:24", "text": "the chart while it's neutral in this"}, {"start": "00:09:24", "end": "00:09:26", "text": "area. But just look at that, everybody."}, {"start": "00:09:26", "end": "00:09:29", "text": "I can't believe we're at a similar price"}, {"start": "00:09:29", "end": "00:09:32", "text": "point. And we see this reflected on"}, {"start": "00:09:32", "end": "00:09:34", "text": "things like the monthly RSI in terms of"}, {"start": "00:09:34", "end": "00:09:36", "text": "where we are in the cycle. But that is"}, {"start": "00:09:36", "end": "00:09:39", "text": "very bullish in my opinion for Cardano."}, {"start": "00:09:39", "end": "00:09:41", "text": "So let's go and let's do some short-term"}, {"start": "00:09:41", "end": "00:09:43", "text": "Cardano analysis. Right now we are"}, {"start": "00:09:43", "end": "00:09:46", "text": "looking at uh a short-term resistance"}, {"start": "00:09:46", "end": "00:09:47", "text": "area. And I want to bring into play some"}, {"start": "00:09:47", "end": "00:09:50", "text": "context. This is from September 20th."}, {"start": "00:09:50", "end": "00:09:53", "text": "Check it out. How a dip from where we"}, {"start": "00:09:53", "end": "00:09:56", "text": "are right now to a target is boom 27,"}, {"start": "00:09:56", "end": "00:10:00", "text": "right? 27% 28%. It's a higher low"}, {"start": "00:10:00", "end": "00:10:02", "text": "Fibonacci that we have right there. So"}, {"start": "00:10:02", "end": "00:10:04", "text": "swing low to swing high. There's a"}, {"start": "00:10:04", "end": "00:10:07", "text": "higher low Fibonacci. This is in play. I"}, {"start": "00:10:07", "end": "00:10:09", "text": "don't want it to happen. Be prepared."}, {"start": "00:10:09", "end": "00:10:11", "text": "The first things first though, do we get"}, {"start": "00:10:11", "end": "00:10:14", "text": "support here and bounce start making a"}, {"start": "00:10:14", "end": "00:10:15", "text": "move to the upside"}, {"start": "00:10:15", "end": "00:10:18", "text": "or do we fall for a busted pattern fake"}, {"start": "00:10:18", "end": "00:10:20", "text": "out and then we get the move to the"}, {"start": "00:10:20", "end": "00:10:22", "text": "upside. So check that out. You see that"}, {"start": "00:10:22", "end": "00:10:24", "text": "pattern that break to the downside and"}, {"start": "00:10:24", "end": "00:10:28", "text": "the potential fake out. This is exactly"}, {"start": "00:10:28", "end": "00:10:30", "text": "what has happened and this is exactly"}, {"start": "00:10:30", "end": "00:10:31", "text": "what is in play right now. But that"}, {"start": "00:10:31", "end": "00:10:33", "text": "doesn't mean we're out of the woods. We"}, {"start": "00:10:33", "end": "00:10:35", "text": "are going to look at the confirmation"}, {"start": "00:10:35", "end": "00:10:38", "text": "areas that need to happen. So now that"}, {"start": "00:10:38", "end": "00:10:40", "text": "we're here at this part of the video,"}, {"start": "00:10:40", "end": "00:10:42", "text": "let's watch the confirmation area. It's"}, {"start": "00:10:42", "end": "00:10:45", "text": "so simple. It's this trend line. And now"}, {"start": "00:10:45", "end": "00:10:46", "text": "we're really testing even on the very"}, {"start": "00:10:46", "end": "00:10:49", "text": "short term the 20 uh the 20 in green and"}, {"start": "00:10:49", "end": "00:10:52", "text": "the and the 50 in blue. So this range of"}, {"start": "00:10:52", "end": "00:10:57", "text": "like 84 to 86 cents this is a very key"}, {"start": "00:10:57", "end": "00:11:00", "text": "area now that we are above it and the"}, {"start": "00:11:00", "end": "00:11:02", "text": "question is will it stay above and start"}, {"start": "00:11:02", "end": "00:11:04", "text": "getting separation from the area and if"}, {"start": "00:11:04", "end": "00:11:06", "text": "it does well then we have to contest"}, {"start": "00:11:06", "end": "00:11:08", "text": "with this trend line. We want to see ADA"}, {"start": "00:11:08", "end": "00:11:12", "text": "break into kind of this this apex of"}, {"start": "00:11:12", "end": "00:11:15", "text": "this wedge that we have here so that we"}, {"start": "00:11:15", "end": "00:11:17", "text": "can see a busted pattern. I posted not"}, {"start": "00:11:17", "end": "00:11:21", "text": "long ago on X like a $160 can happen"}, {"start": "00:11:21", "end": "00:11:23", "text": "sooner than most people think. Something"}, {"start": "00:11:23", "end": "00:11:25", "text": "like that. I don't know. But this is why"}, {"start": "00:11:25", "end": "00:11:26", "text": "and I think it might have been even"}, {"start": "00:11:26", "end": "00:11:28", "text": "before we broke to the downside. But"}, {"start": "00:11:28", "end": "00:11:30", "text": "it's just the sense of if this played"}, {"start": "00:11:30", "end": "00:11:33", "text": "out to be a bullish break to the upside"}, {"start": "00:11:33", "end": "00:11:36", "text": "that could be it would have been boom or"}, {"start": "00:11:36", "end": "00:11:38", "text": "it could be a busted pattern then a$160"}, {"start": "00:11:38", "end": "00:11:41", "text": "can can happen quite quickly. And so"}, {"start": "00:11:41", "end": "00:11:44", "text": "that is in play. But let's be very"}, {"start": "00:11:44", "end": "00:11:47", "text": "cautious. This crypto market for quite"}, {"start": "00:11:47", "end": "00:11:50", "text": "some time now has faked us out over and"}, {"start": "00:11:50", "end": "00:11:53", "text": "over again. People get excited and then"}, {"start": "00:11:53", "end": "00:11:56", "text": "resistance and then boom, we could be"}, {"start": "00:11:56", "end": "00:11:59", "text": "sometime in October falling towards the"}, {"start": "00:11:59", "end": "00:12:01", "text": "60s. Be very cautious. I don't know how"}, {"start": "00:12:01", "end": "00:12:02", "text": "else to say it. We've seen this happen"}, {"start": "00:12:02", "end": "00:12:05", "text": "time and time again. But what's cool is"}, {"start": "00:12:05", "end": "00:12:07", "text": "we do have confirmation areas. If"}, {"start": "00:12:07", "end": "00:12:09", "text": "Cardono starts breaking back into this"}, {"start": "00:12:09", "end": "00:12:12", "text": "move and into this apex above this trend"}, {"start": "00:12:12", "end": "00:12:15", "text": "line, well then it's like, okay, maybe"}, {"start": "00:12:15", "end": "00:12:17", "text": "we have actually some real bullish"}, {"start": "00:12:17", "end": "00:12:19", "text": "confirmation here instead of another"}, {"start": "00:12:19", "end": "00:12:22", "text": "simple fake out. A very good way to show"}, {"start": "00:12:22", "end": "00:12:25", "text": "you what this looks like is right here."}, {"start": "00:12:25", "end": "00:12:27", "text": "We had a move to the downside. We pulled"}, {"start": "00:12:27", "end": "00:12:29", "text": "back into the moving averages. We wicked"}, {"start": "00:12:29", "end": "00:12:31", "text": "a little bit above the moving averages."}, {"start": "00:12:31", "end": "00:12:32", "text": "Right? So, this is the last time the 20"}, {"start": "00:12:32", "end": "00:12:34", "text": "fell below the 50. Right now, that's"}, {"start": "00:12:34", "end": "00:12:36", "text": "what's happening. And the 20 just fell"}, {"start": "00:12:36", "end": "00:12:38", "text": "below the 50, right? And we're getting"}, {"start": "00:12:38", "end": "00:12:40", "text": "the pullback. So, we had the pullback"}, {"start": "00:12:40", "end": "00:12:42", "text": "here and it failed. Boom. We might get"}, {"start": "00:12:42", "end": "00:12:45", "text": "the pullback here. We might fail. Boom."}, {"start": "00:12:45", "end": "00:12:48", "text": "Be careful. But if we start breaking"}, {"start": "00:12:48", "end": "00:12:51", "text": "above now, we have something very cool"}, {"start": "00:12:51", "end": "00:12:54", "text": "in play for Cardano ADA. And this is"}, {"start": "00:12:54", "end": "00:12:56", "text": "what I'm waiting for. So, really, I want"}, {"start": "00:12:56", "end": "00:12:59", "text": "to see ADA break very strongly. And"}, {"start": "00:12:59", "end": "00:13:01", "text": "that's as of today. This could be in a"}, {"start": "00:13:01", "end": "00:13:03", "text": "couple days even higher, but very"}, {"start": "00:13:03", "end": "00:13:05", "text": "strongly through the the lower 90s."}, {"start": "00:13:05", "end": "00:13:08", "text": "We're at 86 cents right now. We need a"}, {"start": "00:13:08", "end": "00:13:11", "text": "power move for ADA for me on the short"}, {"start": "00:13:11", "end": "00:13:13", "text": "term to even start thinking of the bulls"}, {"start": "00:13:13", "end": "00:13:16", "text": "and the bull momentum is confirmed. So,"}, {"start": "00:13:16", "end": "00:13:18", "text": "that's what I'm watching. And now that"}, {"start": "00:13:18", "end": "00:13:19", "text": "I'm actually talking about that, I"}, {"start": "00:13:19", "end": "00:13:21", "text": "haven't looked at the bull bear arena"}, {"start": "00:13:21", "end": "00:13:24", "text": "completely or very often lately, but I"}, {"start": "00:13:24", "end": "00:13:26", "text": "do want to look at Cardano. And you can"}, {"start": "00:13:26", "end": "00:13:28", "text": "just see this is a shorter term kind of"}, {"start": "00:13:28", "end": "00:13:31", "text": "momentum gauge. The bulls and bears"}, {"start": "00:13:31", "end": "00:13:32", "text": "duking it out. Right now the bulls are"}, {"start": "00:13:32", "end": "00:13:35", "text": "not in control in terms of ADA. So we"}, {"start": "00:13:35", "end": "00:13:37", "text": "start seeing ADA make that price move. I"}, {"start": "00:13:37", "end": "00:13:39", "text": "think we'll start seeing uh the bulls in"}, {"start": "00:13:39", "end": "00:13:42", "text": "more control on that chart. So let me"}, {"start": "00:13:42", "end": "00:13:44", "text": "know your thoughts everybody. Cardano's"}, {"start": "00:13:44", "end": "00:13:46", "text": "bullish on the weekly. Cardano's bullish"}, {"start": "00:13:46", "end": "00:13:48", "text": "on the macro. Right now we'll track"}, {"start": "00:13:48", "end": "00:13:49", "text": "short-term price action. Be careful out"}, {"start": "00:13:49", "end": "00:13:51", "text": "there is all I'll say. But either way"}, {"start": "00:13:51", "end": "00:13:53", "text": "there's so much going on. And if you"}, {"start": "00:13:53", "end": "00:13:55", "text": "found any value from this video, please"}, {"start": "00:13:55", "end": "00:13:57", "text": "consider subscribing, giving it a like,"}, {"start": "00:13:57", "end": "00:13:58", "text": "and if you're not in our intelligence"}, {"start": "00:13:58", "end": "00:14:01", "text": "system with our risk mis risk models, we"}, {"start": "00:14:01", "end": "00:14:03", "text": "just added XLM stellar yesterday. We've"}, {"start": "00:14:03", "end": "00:14:05", "text": "got a bunch others. Get back there. Get"}, {"start": "00:14:05", "end": "00:14:07", "text": "in our exit planner. Start planning with"}, {"start": "00:14:07", "end": "00:14:10", "text": "price mode. So speculizing, speculating."}, {"start": "00:14:10", "end": "00:14:13", "text": "Wow. Speculizing. I'm not even going to"}, {"start": "00:14:13", "end": "00:14:16", "text": "edit it, everybody. Risk mode. Um, and"}, {"start": "00:14:16", "end": "00:14:18", "text": "and really start bringing emotion out of"}, {"start": "00:14:18", "end": "00:14:20", "text": "the equation. just looking at risk and"}, {"start": "00:14:20", "end": "00:14:22", "text": "planning that way, setting alerts. Get"}, {"start": "00:14:22", "end": "00:14:24", "text": "back there, try it out, and let me know"}, {"start": "00:14:24", "end": "00:14:26", "text": "what you think. I appreciate each and"}, {"start": "00:14:26", "end": "00:14:27", "text": "every one of you. I'll see you in the"}, {"start": "00:14:27", "end": "00:14:32", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "This weekly chart zoomed out is stellar"}, {"start": "00:00:03", "end": "00:00:05", "text": "XLM. A chart that has massively"}, {"start": "00:00:05", "end": "00:00:07", "text": "surprised me as I've decided to do some"}, {"start": "00:00:07", "end": "00:00:11", "text": "analysis, macro cycle, multicycle"}, {"start": "00:00:11", "end": "00:00:14", "text": "analysis on this chart. And it becomes"}, {"start": "00:00:14", "end": "00:00:15", "text": "interesting when we start comparing it"}, {"start": "00:00:15", "end": "00:00:17", "text": "to something like Cardano ADA, which is"}, {"start": "00:00:17", "end": "00:00:19", "text": "a chart I'm very familiar with. So, in"}, {"start": "00:00:19", "end": "00:00:22", "text": "this video, I want to break down a very"}, {"start": "00:00:22", "end": "00:00:24", "text": "kind of different and fun cycle"}, {"start": "00:00:24", "end": "00:00:27", "text": "analysis, a little bit of a comparison"}, {"start": "00:00:27", "end": "00:00:29", "text": "in terms of a race. And this is going to"}, {"start": "00:00:29", "end": "00:00:31", "text": "be fun to watch in this bull. What"}, {"start": "00:00:31", "end": "00:00:33", "text": "performs better from this moment"}, {"start": "00:00:33", "end": "00:00:36", "text": "forward, XLM or ADA? And you might be"}, {"start": "00:00:36", "end": "00:00:38", "text": "like, what a weird comparison, but I"}, {"start": "00:00:38", "end": "00:00:39", "text": "want to explain a couple different"}, {"start": "00:00:39", "end": "00:00:41", "text": "things to you. You know, I've launched"}, {"start": "00:00:41", "end": "00:00:44", "text": "this company in May where we have our"}, {"start": "00:00:44", "end": "00:00:47", "text": "risk models back here. It came as a huge"}, {"start": "00:00:47", "end": "00:00:49", "text": "surprise to me as we started digging"}, {"start": "00:00:49", "end": "00:00:51", "text": "into all of the requests. We have so"}, {"start": "00:00:51", "end": "00:00:53", "text": "many requests coming in to add people's"}, {"start": "00:00:53", "end": "00:00:56", "text": "assets to our risk models. And these are"}, {"start": "00:00:56", "end": "00:00:58", "text": "not things that you just whip up and"}, {"start": "00:00:58", "end": "00:01:00", "text": "just like we're creating hundreds and"}, {"start": "00:01:00", "end": "00:01:03", "text": "hundreds of these. This was a massive"}, {"start": "00:01:03", "end": "00:01:06", "text": "surprise to me. Stellar XLM was the most"}, {"start": "00:01:06", "end": "00:01:09", "text": "requested asset that we've had so far"}, {"start": "00:01:09", "end": "00:01:11", "text": "and it really did take me by surprise"}, {"start": "00:01:11", "end": "00:01:14", "text": "and because of that we've trained a"}, {"start": "00:01:14", "end": "00:01:17", "text": "model for XLM. We we released it"}, {"start": "00:01:17", "end": "00:01:19", "text": "yesterday and I want to do an analysis"}, {"start": "00:01:19", "end": "00:01:22", "text": "on it as it overlays with the charts"}, {"start": "00:01:22", "end": "00:01:24", "text": "again that have surprised me because I"}, {"start": "00:01:24", "end": "00:01:27", "text": "was not aware of kind of this mo this"}, {"start": "00:01:27", "end": "00:01:29", "text": "multicycle setup and then I really want"}, {"start": "00:01:29", "end": "00:01:32", "text": "to use it as we also just analyze and"}, {"start": "00:01:32", "end": "00:01:36", "text": "look at ADA ADA risk ADA charts because"}, {"start": "00:01:36", "end": "00:01:38", "text": "this cycle is becoming incredibly"}, {"start": "00:01:38", "end": "00:01:40", "text": "interesting for all altcoins and this is"}, {"start": "00:01:40", "end": "00:01:42", "text": "what I want to talk about in this video"}, {"start": "00:01:42", "end": "00:01:45", "text": "the upside of these two altcoins XLM and"}, {"start": "00:01:45", "end": "00:01:47", "text": "ADA. So, hit the subscribe and like on"}, {"start": "00:01:47", "end": "00:01:48", "text": "the way in. If you're not in our"}, {"start": "00:01:48", "end": "00:01:49", "text": "intelligence system, click the link"}, {"start": "00:01:49", "end": "00:01:51", "text": "below if you want to kind of see what"}, {"start": "00:01:51", "end": "00:01:53", "text": "all the fuss is about. Try it out. We"}, {"start": "00:01:53", "end": "00:01:55", "text": "have a free trial going on right now."}, {"start": "00:01:55", "end": "00:01:57", "text": "You can start planning and strategizing"}, {"start": "00:01:57", "end": "00:02:00", "text": "based on risk, when to sell so you don't"}, {"start": "00:02:00", "end": "00:02:02", "text": "roundtrip a bull market. I want to just"}, {"start": "00:02:02", "end": "00:02:05", "text": "say this. Let me lay the groundwork here"}, {"start": "00:02:05", "end": "00:02:07", "text": "with XLM chart zoomed out. We're going"}, {"start": "00:02:07", "end": "00:02:08", "text": "to talk about the structure of this"}, {"start": "00:02:08", "end": "00:02:11", "text": "setup, the ascending triangle, the risk"}, {"start": "00:02:11", "end": "00:02:13", "text": "model, what it's saying. But can I just"}, {"start": "00:02:13", "end": "00:02:15", "text": "paint a picture for you?"}, {"start": "00:02:15", "end": "00:02:20", "text": "Right here was the 2018 bull market"}, {"start": "00:02:20", "end": "00:02:24", "text": "high. Parabolic craziness."}, {"start": "00:02:24", "end": "00:02:25", "text": "Do you know how far we've come in"}, {"start": "00:02:25", "end": "00:02:28", "text": "crypto? Could you imagine back here with"}, {"start": "00:02:28", "end": "00:02:32", "text": "an XLM move like that that years and"}, {"start": "00:02:32", "end": "00:02:35", "text": "years and years later, cycles later, we"}, {"start": "00:02:35", "end": "00:02:38", "text": "will be almost at a similar price point"}, {"start": "00:02:38", "end": "00:02:41", "text": "while this is happening. Visa is working"}, {"start": "00:02:41", "end": "00:02:44", "text": "fast to integrate stable coins and is"}, {"start": "00:02:44", "end": "00:02:45", "text": "using blockchain networks such as"}, {"start": "00:02:45", "end": "00:02:47", "text": "Stellar."}, {"start": "00:02:47", "end": "00:02:50", "text": "Here's another one from Stellar."}, {"start": "00:02:50", "end": "00:02:52", "text": "We believe that when stable coins are"}, {"start": "00:02:52", "end": "00:02:53", "text": "trusted, scalable, and interoperable,"}, {"start": "00:02:53", "end": "00:02:55", "text": "they can fundamentally transform how"}, {"start": "00:02:55", "end": "00:02:57", "text": "money moves around the world. That's"}, {"start": "00:02:57", "end": "00:03:00", "text": "from Visa. Visa expanding stable coin"}, {"start": "00:03:00", "end": "00:03:02", "text": "settlement capabilities to Stellar is a"}, {"start": "00:03:02", "end": "00:03:04", "text": "win for interoperability. I'm bringing"}, {"start": "00:03:04", "end": "00:03:06", "text": "that up. You don't even have to be an"}, {"start": "00:03:06", "end": "00:03:10", "text": "XLM holder. XLM is not like my a big"}, {"start": "00:03:10", "end": "00:03:12", "text": "play of mine this cycle. You know that"}, {"start": "00:03:12", "end": "00:03:14", "text": "we built this model for XLM holders that"}, {"start": "00:03:14", "end": "00:03:16", "text": "are in our system. But let me just say"}, {"start": "00:03:16", "end": "00:03:18", "text": "something. It doesn't matter what crypto"}, {"start": "00:03:18", "end": "00:03:20", "text": "you're holding. Do you see how far we've"}, {"start": "00:03:20", "end": "00:03:22", "text": "come from there to where we are right"}, {"start": "00:03:22", "end": "00:03:26", "text": "now? Now, let's talk about this this XLM"}, {"start": "00:03:26", "end": "00:03:29", "text": "chart because let me explain something"}, {"start": "00:03:29", "end": "00:03:32", "text": "to you. XLM has pressed against the same"}, {"start": "00:03:32", "end": "00:03:35", "text": "resistance line that you see there"}, {"start": "00:03:35", "end": "00:03:40", "text": "across cycles with declining risk 97."}, {"start": "00:03:40", "end": "00:03:42", "text": "There's a 53 right now hovering around"}, {"start": "00:03:42", "end": "00:03:44", "text": "the same price. We're at a 37. This is"}, {"start": "00:03:44", "end": "00:03:46", "text": "what our risk model is showing right"}, {"start": "00:03:46", "end": "00:03:48", "text": "here. Now, our risk model, they they"}, {"start": "00:03:48", "end": "00:03:50", "text": "account for a lot of different things."}, {"start": "00:03:50", "end": "00:03:53", "text": "We've got our advanced risk algorithm."}, {"start": "00:03:53", "end": "00:03:56", "text": "We've got emerging asset theory. We've"}, {"start": "00:03:56", "end": "00:03:59", "text": "got game theory, price, volatility,"}, {"start": "00:03:59", "end": "00:04:02", "text": "volume. But when you start looking at"}, {"start": "00:04:02", "end": "00:04:04", "text": "all of that data, that helps us"}, {"start": "00:04:04", "end": "00:04:06", "text": "visualize, man, it's a good time to"}, {"start": "00:04:06", "end": "00:04:07", "text": "start selling. It's a good time to start"}, {"start": "00:04:07", "end": "00:04:09", "text": "buying. But then you start looking at"}, {"start": "00:04:09", "end": "00:04:12", "text": "the headlines, the fundamentals, you"}, {"start": "00:04:12", "end": "00:04:14", "text": "know, is a breakout to the upside in"}, {"start": "00:04:14", "end": "00:04:16", "text": "play. What could drive it? We talk about"}, {"start": "00:04:16", "end": "00:04:17", "text": "things like the business cycle. We talk"}, {"start": "00:04:17", "end": "00:04:20", "text": "about things like liquidity and you know"}, {"start": "00:04:20", "end": "00:04:22", "text": "everything at the interest rate that's"}, {"start": "00:04:22", "end": "00:04:23", "text": "happening with interest rates starting"}, {"start": "00:04:23", "end": "00:04:26", "text": "to come down the dollar falling pro"}, {"start": "00:04:26", "end": "00:04:28", "text": "crypto legislation all of it but for"}, {"start": "00:04:28", "end": "00:04:30", "text": "something like XLM and this is important"}, {"start": "00:04:30", "end": "00:04:33", "text": "for every asset I think"}, {"start": "00:04:33", "end": "00:04:37", "text": "if it has really solid fundamentals and"}, {"start": "00:04:37", "end": "00:04:40", "text": "really solid headlines like I don't know"}, {"start": "00:04:40", "end": "00:04:42", "text": "Visa"}, {"start": "00:04:42", "end": "00:04:46", "text": "it plays into the bull move even more so"}, {"start": "00:04:46", "end": "00:04:49", "text": "we're sitting at a 37 a 37 on the"}, {"start": "00:04:49", "end": "00:04:52", "text": "stellar risk model. That's a pre-bull"}, {"start": "00:04:52", "end": "00:04:54", "text": "market move. What I want to explain to"}, {"start": "00:04:54", "end": "00:04:57", "text": "you because this video I really want to"}, {"start": "00:04:57", "end": "00:04:59", "text": "release this to our members especially"}, {"start": "00:04:59", "end": "00:05:01", "text": "for them to just to if they're using the"}, {"start": "00:05:01", "end": "00:05:04", "text": "system specifically the model itself. I"}, {"start": "00:05:04", "end": "00:05:05", "text": "need to explain this and then we'll"}, {"start": "00:05:05", "end": "00:05:07", "text": "really get into the price kind of"}, {"start": "00:05:07", "end": "00:05:10", "text": "analysis of this video for Stellar and"}, {"start": "00:05:10", "end": "00:05:12", "text": "then we're going to look at ADA because"}, {"start": "00:05:12", "end": "00:05:15", "text": "the ADA weekly chart as as compared to"}, {"start": "00:05:15", "end": "00:05:17", "text": "Stellar and the Stellar risk model is"}, {"start": "00:05:17", "end": "00:05:19", "text": "very interesting. I want to explain this"}, {"start": "00:05:19", "end": "00:05:22", "text": "though. So our models when it comes to"}, {"start": "00:05:22", "end": "00:05:25", "text": "Stellar and everything else it basically"}, {"start": "00:05:25", "end": "00:05:28", "text": "it's pulling data from Coin Gecko. So,"}, {"start": "00:05:28", "end": "00:05:30", "text": "you can see Coin Gecko locking in this"}, {"start": "00:05:30", "end": "00:05:34", "text": "2018 crazy swing high all-time high. You"}, {"start": "00:05:34", "end": "00:05:36", "text": "could go to a lot of charts for XLM and"}, {"start": "00:05:36", "end": "00:05:39", "text": "you'll see this is not what it looks"}, {"start": "00:05:39", "end": "00:05:41", "text": "like. It looks more like Coin Market"}, {"start": "00:05:41", "end": "00:05:43", "text": "Cap. There's Coin Market Cap. So,"}, {"start": "00:05:43", "end": "00:05:45", "text": "basically saying last cycle broke the"}, {"start": "00:05:45", "end": "00:05:47", "text": "all-time highs from two cycles ago. So,"}, {"start": "00:05:47", "end": "00:05:52", "text": "they're both different. So that that is"}, {"start": "00:05:52", "end": "00:05:56", "text": "because coin market cap and coin gecko"}, {"start": "00:05:56", "end": "00:05:58", "text": "they use different ways to read their"}, {"start": "00:05:58", "end": "00:06:00", "text": "data and they they do it differently."}, {"start": "00:06:00", "end": "00:06:04", "text": "Right now the methodology of something"}, {"start": "00:06:04", "end": "00:06:08", "text": "like coin gecko which is basically being"}, {"start": "00:06:08", "end": "00:06:10", "text": "way more strict. It's taking in that"}, {"start": "00:06:10", "end": "00:06:12", "text": "price action and illustrating it to you"}, {"start": "00:06:12", "end": "00:06:15", "text": "and it's presenting that data to you."}, {"start": "00:06:15", "end": "00:06:17", "text": "That methodology, I think, as it relates"}, {"start": "00:06:17", "end": "00:06:20", "text": "to our risk models, allows our risk"}, {"start": "00:06:20", "end": "00:06:22", "text": "models to be more conservative in"}, {"start": "00:06:22", "end": "00:06:25", "text": "approach. And for me, I don't know, it"}, {"start": "00:06:25", "end": "00:06:26", "text": "might not seem like it, but I'm very"}, {"start": "00:06:26", "end": "00:06:29", "text": "conservative macro investor. I'm very"}, {"start": "00:06:29", "end": "00:06:31", "text": "like critical of how balanced I am from"}, {"start": "00:06:31", "end": "00:06:34", "text": "a risk perspective across my portfolio"}, {"start": "00:06:34", "end": "00:06:37", "text": "on the macro. Just because I'm often"}, {"start": "00:06:37", "end": "00:06:39", "text": "probably called a permable or something"}, {"start": "00:06:39", "end": "00:06:41", "text": "like that, doesn't mean I'm not"}, {"start": "00:06:41", "end": "00:06:43", "text": "conservative. I'm I'm I'm a I'm bullish"}, {"start": "00:06:43", "end": "00:06:44", "text": "on the macro right now because of"}, {"start": "00:06:44", "end": "00:06:46", "text": "everything I've been talking about"}, {"start": "00:06:46", "end": "00:06:49", "text": "across this entire cycle so far from the"}, {"start": "00:06:49", "end": "00:06:51", "text": "bare market lows. You know why I'm"}, {"start": "00:06:51", "end": "00:06:53", "text": "bullish? But I am conservative. And I"}, {"start": "00:06:53", "end": "00:06:56", "text": "think pulling from coin coin gecko data"}, {"start": "00:06:56", "end": "00:06:59", "text": "and really bringing in that data makes"}, {"start": "00:06:59", "end": "00:07:02", "text": "our models more conservative when it"}, {"start": "00:07:02", "end": "00:07:03", "text": "comes to the risk scores that are"}, {"start": "00:07:03", "end": "00:07:05", "text": "presented to people. So here we are."}, {"start": "00:07:05", "end": "00:07:08", "text": "We're sitting at a 37 for Stellar. I saw"}, {"start": "00:07:08", "end": "00:07:11", "text": "this post. XLM looks to be gearing up"}, {"start": "00:07:11", "end": "00:07:13", "text": "for an October 2017 style move. And this"}, {"start": "00:07:13", "end": "00:07:16", "text": "will segue us to ADA analysis as well."}, {"start": "00:07:16", "end": "00:07:19", "text": "But I saw this post and this is a price"}, {"start": "00:07:19", "end": "00:07:21", "text": "action post, right? It's a it's a"}, {"start": "00:07:21", "end": "00:07:23", "text": "structure post. He's comparing this"}, {"start": "00:07:23", "end": "00:07:26", "text": "structure, this consolidation in October"}, {"start": "00:07:26", "end": "00:07:29", "text": "2017. Rightfully so. It's very similar."}, {"start": "00:07:29", "end": "00:07:32", "text": "But here's where I think this person's"}, {"start": "00:07:32", "end": "00:07:34", "text": "post becomes even more accurate because"}, {"start": "00:07:34", "end": "00:07:36", "text": "if you go look at the the consolidation"}, {"start": "00:07:36", "end": "00:07:37", "text": "that he's comparing, it's basically"}, {"start": "00:07:37", "end": "00:07:40", "text": "right here, right? He's saying right"}, {"start": "00:07:40", "end": "00:07:44", "text": "there comparative to where we are. Boom."}, {"start": "00:07:44", "end": "00:07:46", "text": "Well, check this out. And by the way,"}, {"start": "00:07:46", "end": "00:07:48", "text": "this post was yesterday, his post that"}, {"start": "00:07:48", "end": "00:07:50", "text": "he did. If you go and you look at our"}, {"start": "00:07:50", "end": "00:07:54", "text": "risk model for XLM,"}, {"start": "00:07:54", "end": "00:07:56", "text": "check out here's the consolidation he's"}, {"start": "00:07:56", "end": "00:07:58", "text": "comparing to October. We're at a 37"}, {"start": "00:07:58", "end": "00:08:00", "text": "right here."}, {"start": "00:08:00", "end": "00:08:03", "text": "from a risk score perspective. Here is"}, {"start": "00:08:03", "end": "00:08:05", "text": "October 2017 back here is what he's"}, {"start": "00:08:05", "end": "00:08:08", "text": "saying. Well, right before that October"}, {"start": "00:08:08", "end": "00:08:11", "text": "move, that October area in September, I"}, {"start": "00:08:11", "end": "00:08:13", "text": "mean weeks earlier. Look at the risk"}, {"start": "00:08:13", "end": "00:08:19", "text": "model for XLM. A 38. We're 37 right now."}, {"start": "00:08:19", "end": "00:08:21", "text": "So, I don't know if he knew it when he's"}, {"start": "00:08:21", "end": "00:08:23", "text": "charting that yesterday, but he's"}, {"start": "00:08:23", "end": "00:08:25", "text": "comparing the structure setup being the"}, {"start": "00:08:25", "end": "00:08:28", "text": "same. The risk is the same, but the"}, {"start": "00:08:28", "end": "00:08:30", "text": "difference is XLM is not like, you know,"}, {"start": "00:08:30", "end": "00:08:35", "text": "at a one penny, just over a penny, 38"}, {"start": "00:08:35", "end": "00:08:39", "text": "risk score. It's at 40 cents,"}, {"start": "00:08:39", "end": "00:08:41", "text": "37 risk score. The risk score is like"}, {"start": "00:08:41", "end": "00:08:44", "text": "almost identical, but we're not around a"}, {"start": "00:08:44", "end": "00:08:47", "text": "penny. We're around 40 cents. And we are"}, {"start": "00:08:47", "end": "00:08:50", "text": "compressing on this XLM chart towards"}, {"start": "00:08:50", "end": "00:08:52", "text": "the upper end of this ascending"}, {"start": "00:08:52", "end": "00:08:54", "text": "triangle. That's crazy. You cannot have"}, {"start": "00:08:54", "end": "00:08:58", "text": "a better alignment of risk and structure"}, {"start": "00:08:58", "end": "00:09:01", "text": "like in an altcoin right now with a"}, {"start": "00:09:01", "end": "00:09:03", "text": "narrative like Visa. This is a great"}, {"start": "00:09:03", "end": "00:09:07", "text": "play and there listen I will not pretend"}, {"start": "00:09:07", "end": "00:09:10", "text": "that I have the the best setup for this"}, {"start": "00:09:10", "end": "00:09:13", "text": "cycle. I for years have just known I I"}, {"start": "00:09:13", "end": "00:09:15", "text": "can't spread myself thin like man that's"}, {"start": "00:09:15", "end": "00:09:16", "text": "such a good one. That's a good one."}, {"start": "00:09:16", "end": "00:09:17", "text": "That's a good chart. That's a good"}, {"start": "00:09:17", "end": "00:09:19", "text": "narrative. I that's not my I can't do"}, {"start": "00:09:19", "end": "00:09:23", "text": "that. I need to focus on just a small"}, {"start": "00:09:23", "end": "00:09:26", "text": "group of plays that I feel good about"}, {"start": "00:09:26", "end": "00:09:28", "text": "and just knowing there's going to be"}, {"start": "00:09:28", "end": "00:09:30", "text": "other ones. You can't hit them all."}, {"start": "00:09:30", "end": "00:09:32", "text": "That's my approach. Stellar is one of"}, {"start": "00:09:32", "end": "00:09:35", "text": "those plays and there are others that is"}, {"start": "00:09:35", "end": "00:09:38", "text": "just like, man, it's a good one and I'm"}, {"start": "00:09:38", "end": "00:09:40", "text": "not. I'm underexposed to XLM. I am. And"}, {"start": "00:09:40", "end": "00:09:42", "text": "that's fine. I'm completely cool with it"}, {"start": "00:09:42", "end": "00:09:44", "text": "because I have exposure to other things"}, {"start": "00:09:44", "end": "00:09:47", "text": "like ADA. So, let's kind of let's do"}, {"start": "00:09:47", "end": "00:09:50", "text": "that. Let's look at ADA now in in light"}, {"start": "00:09:50", "end": "00:09:52", "text": "of what we just looked at in terms of"}, {"start": "00:09:52", "end": "00:09:56", "text": "XLM. So XLM is basically presenting a"}, {"start": "00:09:56", "end": "00:09:58", "text": "very bullish setup from risk and"}, {"start": "00:09:58", "end": "00:10:00", "text": "structure. What I wanted to point out to"}, {"start": "00:10:00", "end": "00:10:02", "text": "you is this. I thought this was kind of"}, {"start": "00:10:02", "end": "00:10:04", "text": "interesting and I don't know what it"}, {"start": "00:10:04", "end": "00:10:08", "text": "means, but I was looking at basically"}, {"start": "00:10:08", "end": "00:10:11", "text": "like this February area back here to"}, {"start": "00:10:11", "end": "00:10:14", "text": "like week of February 8th, 2021, the"}, {"start": "00:10:14", "end": "00:10:18", "text": "later stages of the bull. XLM went 26%"}, {"start": "00:10:18", "end": "00:10:20", "text": "from February 8th, the week of February"}, {"start": "00:10:20", "end": "00:10:24", "text": "8th, 20 26% to all-time highs. I went to"}, {"start": "00:10:24", "end": "00:10:28", "text": "ADA from the February 8th area on this"}, {"start": "00:10:28", "end": "00:10:29", "text": "chart. And this is just one piece of"}, {"start": "00:10:29", "end": "00:10:31", "text": "data I want to show to you. But that"}, {"start": "00:10:31", "end": "00:10:35", "text": "February 8th area, if I pull this up, I"}, {"start": "00:10:35", "end": "00:10:38", "text": "don't think it was quite 247%. Let me"}, {"start": "00:10:38", "end": "00:10:42", "text": "see. Let's go to the top of February 8th"}, {"start": "00:10:42", "end": "00:10:45", "text": "candle to be conservative."}, {"start": "00:10:45", "end": "00:10:48", "text": "So, where are we? Actually, it's over"}, {"start": "00:10:48", "end": "00:10:50", "text": "here. Let's go to the top of that wick."}, {"start": "00:10:50", "end": "00:10:52", "text": "But we're looking at around almost 200%"}, {"start": "00:10:52", "end": "00:10:56", "text": "move. So 200% move almost to compared to"}, {"start": "00:10:56", "end": "00:11:01", "text": "XLM's 26% move. So this is partly where"}, {"start": "00:11:01", "end": "00:11:02", "text": "I'm going to start becoming interested"}, {"start": "00:11:02", "end": "00:11:04", "text": "to see how when things start breaking"}, {"start": "00:11:04", "end": "00:11:08", "text": "out what performs better. One benefit I"}, {"start": "00:11:08", "end": "00:11:14", "text": "would say that XLM has is we are at a 37"}, {"start": "00:11:14", "end": "00:11:18", "text": "risk as we're at a very similar point of"}, {"start": "00:11:18", "end": "00:11:21", "text": "last cycle in in comparison, right? So"}, {"start": "00:11:21", "end": "00:11:24", "text": "the upside for XLM is very strong. But"}, {"start": "00:11:24", "end": "00:11:26", "text": "then I noticed this on Cardano because"}, {"start": "00:11:26", "end": "00:11:28", "text": "this is incredibly bullish. So when"}, {"start": "00:11:28", "end": "00:11:32", "text": "Cardano made that almost 200% move, I"}, {"start": "00:11:32", "end": "00:11:33", "text": "want you to just I want you to pay"}, {"start": "00:11:33", "end": "00:11:36", "text": "special attention to the fact that"}, {"start": "00:11:36", "end": "00:11:38", "text": "Cardano if we look at February, let's"}, {"start": "00:11:38", "end": "00:11:40", "text": "just look at midFebruary or the you know"}, {"start": "00:11:40", "end": "00:11:42", "text": "that first week of February. We look at"}, {"start": "00:11:42", "end": "00:11:45", "text": "the risk model for ADA and we go over to"}, {"start": "00:11:45", "end": "00:11:48", "text": "there's midFebruary 78. Here's February"}, {"start": "00:11:48", "end": "00:11:55", "text": "8th. 75 risk at 68 cents."}, {"start": "00:11:55", "end": "00:11:58", "text": "That's number one. Right now, we're at"}, {"start": "00:11:58", "end": "00:12:03", "text": "36 risk and we're at 80. I mean, as I do"}, {"start": "00:12:03", "end": "00:12:05", "text": "this video, I think I need to update"}, {"start": "00:12:05", "end": "00:12:08", "text": "this this risk model because price right"}, {"start": "00:12:08", "end": "00:12:11", "text": "now as I'm doing the video is if I go to"}, {"start": "00:12:11", "end": "00:12:17", "text": "ADA 80 just 85 cents or so. So, we're at"}, {"start": "00:12:17", "end": "00:12:20", "text": "85 and risk score is like half of what"}, {"start": "00:12:20", "end": "00:12:22", "text": "it was when it was at 67 cents before"}, {"start": "00:12:22", "end": "00:12:24", "text": "that 200% move. That's number one. But"}, {"start": "00:12:24", "end": "00:12:26", "text": "number two, I think even more bullish"}, {"start": "00:12:26", "end": "00:12:29", "text": "when it comes to risk analysis from a"}, {"start": "00:12:29", "end": "00:12:30", "text": "structure perspective because we did"}, {"start": "00:12:30", "end": "00:12:32", "text": "this on XLM, right? Look at the"}, {"start": "00:12:32", "end": "00:12:34", "text": "consolidation here. Look at the risk"}, {"start": "00:12:34", "end": "00:12:36", "text": "score. Look at the consolidation here."}, {"start": "00:12:36", "end": "00:12:38", "text": "Look at the risk score. Well, do that"}, {"start": "00:12:38", "end": "00:12:41", "text": "with ADA right now, right? So basically"}, {"start": "00:12:41", "end": "00:12:45", "text": "go back and look at ADA last cycle and"}, {"start": "00:12:45", "end": "00:12:48", "text": "let's identify what are we at? We're at"}, {"start": "00:12:48", "end": "00:12:50", "text": "a 35 risk score. A 35 risk score for ADA"}, {"start": "00:12:50", "end": "00:12:53", "text": "as I've refreshed this chart. Well,"}, {"start": "00:12:53", "end": "00:12:56", "text": "let's go to last cycle pre-bull move. Do"}, {"start": "00:12:56", "end": "00:12:58", "text": "we have a 35? There's a 35 in September"}, {"start": "00:12:58", "end": "00:13:03", "text": "2020. ADA was 8 cents."}, {"start": "00:13:03", "end": "00:13:07", "text": "Right now, ADA is 85"}, {"start": "00:13:07", "end": "00:13:11", "text": "at a at the same risk score. So, when we"}, {"start": "00:13:11", "end": "00:13:13", "text": "start going over here and we take a"}, {"start": "00:13:13", "end": "00:13:15", "text": "fractal and I believe this fractal that"}, {"start": "00:13:15", "end": "00:13:18", "text": "I had already charted was from basically"}, {"start": "00:13:18", "end": "00:13:20", "text": "like this this move back here. Let me"}, {"start": "00:13:20", "end": "00:13:23", "text": "just redo it. So, let's just take it"}, {"start": "00:13:23", "end": "00:13:25", "text": "from September"}, {"start": "00:13:25", "end": "00:13:28", "text": "2021 or 2020"}, {"start": "00:13:28", "end": "00:13:31", "text": "swing high. Take the fractal. So, we're"}, {"start": "00:13:31", "end": "00:13:33", "text": "taking a fractal of a similar risk into"}, {"start": "00:13:33", "end": "00:13:36", "text": "a bull market and we do it this time. I"}, {"start": "00:13:36", "end": "00:13:37", "text": "mean, that fractal is going up to like"}, {"start": "00:13:37", "end": "00:13:39", "text": "20 bucks, but we can we can just pull"}, {"start": "00:13:39", "end": "00:13:41", "text": "that down. We can compress it. We can"}, {"start": "00:13:41", "end": "00:13:43", "text": "make it more conservative of a move."}, {"start": "00:13:43", "end": "00:13:45", "text": "Maybe we go down first. The fractal does"}, {"start": "00:13:45", "end": "00:13:47", "text": "not have to be the same, but you can see"}, {"start": "00:13:47", "end": "00:13:49", "text": "the upside potential for ADA and a"}, {"start": "00:13:49", "end": "00:13:53", "text": "breakout for ADA is insane. So, the"}, {"start": "00:13:53", "end": "00:13:56", "text": "reason I'm bringing that up is because I"}, {"start": "00:13:56", "end": "00:13:59", "text": "will be very curious to see at this"}, {"start": "00:13:59", "end": "00:14:02", "text": "moment, as ADA is still a ways away from"}, {"start": "00:14:02", "end": "00:14:04", "text": "all-time high, but at this risk score,"}, {"start": "00:14:04", "end": "00:14:07", "text": "similar to the risk score back here with"}, {"start": "00:14:07", "end": "00:14:09", "text": "incredible upside, I'm just curious to"}, {"start": "00:14:09", "end": "00:14:13", "text": "see how ADA and XLM perform against each"}, {"start": "00:14:13", "end": "00:14:15", "text": "other from this moment forward. Right?"}, {"start": "00:14:15", "end": "00:14:17", "text": "So, I don't know. I don't know how it's"}, {"start": "00:14:17", "end": "00:14:19", "text": "going to play out. I just know both of"}, {"start": "00:14:19", "end": "00:14:23", "text": "them have incredibly unique setups. You"}, {"start": "00:14:23", "end": "00:14:25", "text": "can see if you go over to the ADA risk"}, {"start": "00:14:25", "end": "00:14:27", "text": "model or the ADA chart, I'm sorry. I"}, {"start": "00:14:27", "end": "00:14:30", "text": "just want to say this, ADA is also in a"}, {"start": "00:14:30", "end": "00:14:33", "text": "very bullish macro cycle setup. Higher"}, {"start": "00:14:33", "end": "00:14:37", "text": "highs, higher lows. I'm not sitting"}, {"start": "00:14:37", "end": "00:14:40", "text": "here, this cycle, and using this as the"}, {"start": "00:14:40", "end": "00:14:44", "text": "structured move, right? So meaning I'm"}, {"start": "00:14:44", "end": "00:14:45", "text": "not sitting here saying ADA is going to"}, {"start": "00:14:45", "end": "00:14:48", "text": "make the move to the upper trend line at"}, {"start": "00:14:48", "end": "00:14:50", "text": "like 10 11 bucks and then we're going to"}, {"start": "00:14:50", "end": "00:14:52", "text": "hit the target out of that. That's just"}, {"start": "00:14:52", "end": "00:14:55", "text": "crazy. So in a similar sense I'm"}, {"start": "00:14:55", "end": "00:14:58", "text": "cautious to even use this multicycle"}, {"start": "00:14:58", "end": "00:15:00", "text": "ascending triangle which is very similar"}, {"start": "00:15:00", "end": "00:15:02", "text": "to what we just looked at on on ADA. ADA"}, {"start": "00:15:02", "end": "00:15:04", "text": "has more of a just like an ascending"}, {"start": "00:15:04", "end": "00:15:07", "text": "pattern. I'm cautious to do that because"}, {"start": "00:15:07", "end": "00:15:10", "text": "the breakout target for this chart is I"}, {"start": "00:15:10", "end": "00:15:13", "text": "mean it's pretty it's pretty crazy. Um,"}, {"start": "00:15:13", "end": "00:15:14", "text": "I think I measured the move earlier and"}, {"start": "00:15:14", "end": "00:15:18", "text": "it's like it's it's insane. I'm cautious"}, {"start": "00:15:18", "end": "00:15:20", "text": "to do that in the same sense that I'm"}, {"start": "00:15:20", "end": "00:15:23", "text": "cautious to do that and I won't do it"}, {"start": "00:15:23", "end": "00:15:26", "text": "for ADA. But I do know higher high"}, {"start": "00:15:26", "end": "00:15:29", "text": "analysis is a very good way to dissect"}, {"start": "00:15:29", "end": "00:15:31", "text": "these charts, right? And we've looked at"}, {"start": "00:15:31", "end": "00:15:35", "text": "a 1618 higher high for ADA is like $5."}, {"start": "00:15:35", "end": "00:15:37", "text": "Last cycle we surpassed that and that is"}, {"start": "00:15:37", "end": "00:15:38", "text": "something that's in play. surpassing"}, {"start": "00:15:38", "end": "00:15:41", "text": "that into this upper range. The $5 to"}, {"start": "00:15:41", "end": "00:15:43", "text": "$10 range for ADA is very much in play."}, {"start": "00:15:43", "end": "00:15:45", "text": "And so when it comes to all-time high"}, {"start": "00:15:45", "end": "00:15:48", "text": "targets for XLM, I'd have to really kind"}, {"start": "00:15:48", "end": "00:15:50", "text": "of dissect it a little bit differently"}, {"start": "00:15:50", "end": "00:15:54", "text": "and maybe try and get good targets that"}, {"start": "00:15:54", "end": "00:15:57", "text": "are I would say in my approach, I like"}, {"start": "00:15:57", "end": "00:15:59", "text": "to be conservative, but maybe that's for"}, {"start": "00:15:59", "end": "00:16:03", "text": "another video. But all all to say both"}, {"start": "00:16:03", "end": "00:16:05", "text": "both risk models sitting around the same"}, {"start": "00:16:05", "end": "00:16:07", "text": "mid30s"}, {"start": "00:16:07", "end": "00:16:10", "text": "and so prime for breakout moves. Both"}, {"start": "00:16:10", "end": "00:16:12", "text": "have their own narratives. It will be a"}, {"start": "00:16:12", "end": "00:16:15", "text": "fun race to watch. And if you're in our"}, {"start": "00:16:15", "end": "00:16:17", "text": "intelligence system, now is the time. If"}, {"start": "00:16:17", "end": "00:16:21", "text": "XLM makes a 2017 style move, plan your"}, {"start": "00:16:21", "end": "00:16:24", "text": "exits for these risk scores being hit"}, {"start": "00:16:24", "end": "00:16:28", "text": "and take profits. I'm just going to say"}, {"start": "00:16:28", "end": "00:16:30", "text": "that same thing. go to a Cardano risk"}, {"start": "00:16:30", "end": "00:16:33", "text": "risk model, take profits,"}, {"start": "00:16:33", "end": "00:16:36", "text": "right? So, plan your exits, get into the"}, {"start": "00:16:36", "end": "00:16:38", "text": "system, try it out if you're not a"}, {"start": "00:16:38", "end": "00:16:40", "text": "member. And if you are a member, I hope"}, {"start": "00:16:40", "end": "00:16:42", "text": "this was kind of valuable as we release"}, {"start": "00:16:42", "end": "00:16:45", "text": "this XLM risk model to kind of get an"}, {"start": "00:16:45", "end": "00:16:46", "text": "understanding, at least from one"}, {"start": "00:16:46", "end": "00:16:49", "text": "perspective, how these risk models work."}, {"start": "00:16:49", "end": "00:16:50", "text": "If you're not a subscriber, please"}, {"start": "00:16:50", "end": "00:16:51", "text": "subscribe. If you enjoyed this video,"}, {"start": "00:16:51", "end": "00:16:53", "text": "please hit that like on the way out."}, {"start": "00:16:53", "end": "00:16:54", "text": "I'll see you in the next video. God"}, {"start": "00:16:54", "end": "00:16:57", "text": "bless."}]

[{"start": "00:00:02", "end": "00:00:09", "text": "Welcome back to Cryptos Are Us. I'm"}, {"start": "00:00:05", "end": "00:00:12", "text": "George. We're all George. Uh, welcome to"}, {"start": "00:00:09", "end": "00:00:17", "text": "another market open stream. We got a lot"}, {"start": "00:00:12", "end": "00:00:20", "text": "to talk about. The markets are green."}, {"start": "00:00:17", "end": "00:00:23", "text": "Tech is going up. NASDAQ is heading"}, {"start": "00:00:20", "end": "00:00:26", "text": "higher, but more importantly, so is"}, {"start": "00:00:23", "end": "00:00:29", "text": "Bitcoin. We getting ready for that"}, {"start": "00:00:26", "end": "00:00:31", "text": "breakout. We got a lot of signals."}, {"start": "00:00:29", "end": "00:00:35", "text": "So, let's talk about everything that's"}, {"start": "00:00:31", "end": "00:00:39", "text": "going on in the space today. All right,"}, {"start": "00:00:35", "end": "00:00:44", "text": "let's do it, guys. Let's do it."}, {"start": "00:00:39", "end": "00:00:46", "text": "Welcome, welcome, welcome."}, {"start": "00:00:44", "end": "00:00:50", "text": "This is what Bitcoin is starting out at"}, {"start": "00:00:46", "end": "00:00:52", "text": "today, right around $75,000. We have"}, {"start": "00:00:50", "end": "00:00:55", "text": "lost zero momentum from yesterday. We"}, {"start": "00:00:52", "end": "00:01:00", "text": "have built up some momentum and we're"}, {"start": "00:00:55", "end": "00:01:04", "text": "pressing against a resistance and if we"}, {"start": "00:01:00", "end": "00:01:08", "text": "break through that we do have a lot of"}, {"start": "00:01:04", "end": "00:01:10", "text": "room to go. So"}, {"start": "00:01:08", "end": "00:01:11", "text": "let's talk about let's talk about what's"}, {"start": "00:01:10", "end": "00:01:16", "text": "going on. Well, today you could see"}, {"start": "00:01:11", "end": "00:01:18", "text": "today is green. All right. This is um a"}, {"start": "00:01:16", "end": "00:01:21", "text": "continuation of yesterday and pretty"}, {"start": "00:01:18", "end": "00:01:24", "text": "much all of"}, {"start": "00:01:21", "end": "00:01:27", "text": "this week so far. Okay. What's happening"}, {"start": "00:01:24", "end": "00:01:29", "text": "in the Middle East is encouraging."}, {"start": "00:01:27", "end": "00:01:32", "text": "Things are moving along. That's what"}, {"start": "00:01:29", "end": "00:01:34", "text": "markets want. Certainty. Markets hate"}, {"start": "00:01:32", "end": "00:01:37", "text": "uncertainty. Hates that the war will"}, {"start": "00:01:34", "end": "00:01:42", "text": "continue and this and that. But it seems"}, {"start": "00:01:37", "end": "00:01:46", "text": "like they are there's progress, right?"}, {"start": "00:01:42", "end": "00:01:49", "text": "the US and Iran pretty much have stopped"}, {"start": "00:01:46", "end": "00:01:51", "text": "fighting. Now it's about,"}, {"start": "00:01:49", "end": "00:01:53", "text": "you know, the straight of Hormuz whether"}, {"start": "00:01:51", "end": "00:01:56", "text": "or not the US Navy is going to allow"}, {"start": "00:01:53", "end": "00:02:00", "text": "ships through or not. It's it's part of"}, {"start": "00:01:56", "end": "00:02:04", "text": "a, you know, part of the game, right? To"}, {"start": "00:02:00", "end": "00:02:07", "text": "kind of starve Iran at this point or"}, {"start": "00:02:04", "end": "00:02:09", "text": "make them stop charging the fees or this"}, {"start": "00:02:07", "end": "00:02:11", "text": "is another way to have them just share"}, {"start": "00:02:09", "end": "00:02:13", "text": "their fees."}, {"start": "00:02:11", "end": "00:02:16", "text": "Okay, maybe that's a thing just to share"}, {"start": "00:02:13", "end": "00:02:19", "text": "their fees. I've been hearing that oil"}, {"start": "00:02:16", "end": "00:02:21", "text": "tankers coming to the US in the new"}, {"start": "00:02:19", "end": "00:02:24", "text": "straight the Gulf of America is"}, {"start": "00:02:21", "end": "00:02:27", "text": "exploding and I'm pretty sure it's the"}, {"start": "00:02:24", "end": "00:02:30", "text": "same with Venezuela. So, there is some"}, {"start": "00:02:27", "end": "00:02:33", "text": "4D chest going on right now. This is not"}, {"start": "00:02:30", "end": "00:02:36", "text": "just about this. It's about reshaping"}, {"start": "00:02:33", "end": "00:02:41", "text": "the oil economy around the world and"}, {"start": "00:02:36", "end": "00:02:42", "text": "where oil is going to be coming from."}, {"start": "00:02:41", "end": "00:02:45", "text": "So there's a lot of that that's"}, {"start": "00:02:42", "end": "00:02:47", "text": "happening. But the last thing that's"}, {"start": "00:02:45", "end": "00:02:50", "text": "happening is Israel and Lebanon, they're"}, {"start": "00:02:47", "end": "00:02:52", "text": "still fighting. Well, Lebanon wanted to"}, {"start": "00:02:50", "end": "00:02:55", "text": "have the the ceasefire, but Israel was"}, {"start": "00:02:52", "end": "00:02:58", "text": "still attacking it,"}, {"start": "00:02:55", "end": "00:03:01", "text": "right? So now it seems like Trump is"}, {"start": "00:02:58", "end": "00:03:03", "text": "probably forcing both sides to come"}, {"start": "00:03:01", "end": "00:03:06", "text": "together, see if they can have ceasefire"}, {"start": "00:03:03", "end": "00:03:11", "text": "and it will"}, {"start": "00:03:06", "end": "00:03:15", "text": "maybe stop all this in the Middle East,"}, {"start": "00:03:11", "end": "00:03:17", "text": "right? And stop any escalation. And if"}, {"start": "00:03:15", "end": "00:03:19", "text": "this truly stops,"}, {"start": "00:03:17", "end": "00:03:22", "text": "then"}, {"start": "00:03:19", "end": "00:03:28", "text": "we can recover. and mark markets will"}, {"start": "00:03:22", "end": "00:03:30", "text": "truly recover in a big way"}, {"start": "00:03:28", "end": "00:03:33", "text": "and then oil will come back down again"}, {"start": "00:03:30", "end": "00:03:36", "text": "and that helps too. I saw this Europe"}, {"start": "00:03:33", "end": "00:03:38", "text": "could ride jet fuel in six weeks. A lot"}, {"start": "00:03:36", "end": "00:03:42", "text": "of countries need that oil. They need"}, {"start": "00:03:38", "end": "00:03:44", "text": "it. They've been starved of it. Okay,"}, {"start": "00:03:42", "end": "00:03:47", "text": "but here's the thing again, like I've"}, {"start": "00:03:44", "end": "00:03:49", "text": "been saying, I bet if you look at oil"}, {"start": "00:03:47", "end": "00:03:53", "text": "coming out of the US and Venezuela now,"}, {"start": "00:03:49", "end": "00:03:55", "text": "uh, have probably exploded since this"}, {"start": "00:03:53", "end": "00:03:57", "text": "whole straight hormuse thing have"}, {"start": "00:03:55", "end": "00:04:02", "text": "happened, right? So, it's like reshaping"}, {"start": "00:03:57", "end": "00:04:02", "text": "where countries are buying their oil,"}, {"start": "00:04:02", "end": "00:04:08", "text": "but there are a lot of countries that"}, {"start": "00:04:04", "end": "00:04:10", "text": "are very very fearful. Okay. Um, they"}, {"start": "00:04:08", "end": "00:04:14", "text": "just don't have enough. It's not just"}, {"start": "00:04:10", "end": "00:04:15", "text": "airlines. Like I remember Philippines"}, {"start": "00:04:14", "end": "00:04:18", "text": "just recently a few weeks ago said"}, {"start": "00:04:15", "end": "00:04:20", "text": "they're gonna run out of oil in like"}, {"start": "00:04:18", "end": "00:04:23", "text": "four weeks or something like that. They"}, {"start": "00:04:20", "end": "00:04:27", "text": "need it. Very important."}, {"start": "00:04:23", "end": "00:04:31", "text": "All right. So things are shaping up."}, {"start": "00:04:27", "end": "00:04:35", "text": "Looking better for sure, right? What"}, {"start": "00:04:31", "end": "00:04:38", "text": "else is better? Uh well, the Fed with"}, {"start": "00:04:35", "end": "00:04:40", "text": "this neverending"}, {"start": "00:04:38", "end": "00:04:42", "text": "money printer, they're going to be"}, {"start": "00:04:40", "end": "00:04:45", "text": "injecting"}, {"start": "00:04:42", "end": "00:04:46", "text": "five billion dollars in the economy"}, {"start": "00:04:45", "end": "00:04:48", "text": "today. They tend to do that. They just"}, {"start": "00:04:46", "end": "00:04:50", "text": "inject"}, {"start": "00:04:48", "end": "00:04:52", "text": "whenever they feel like it. They feel"}, {"start": "00:04:50", "end": "00:04:54", "text": "like the economy is struggling, banks"}, {"start": "00:04:52", "end": "00:04:58", "text": "are struggling, whoever is struggling,"}, {"start": "00:04:54", "end": "00:04:59", "text": "business struggling, they just inject."}, {"start": "00:04:58", "end": "00:05:01", "text": "Okay, how do they inject? They really"}, {"start": "00:04:59", "end": "00:05:03", "text": "just"}, {"start": "00:05:01", "end": "00:05:05", "text": "they do inject, but then they also just"}, {"start": "00:05:03", "end": "00:05:09", "text": "really just buy. What they're doing is"}, {"start": "00:05:05", "end": "00:05:12", "text": "buying. Uh I guess the Fed has its own"}, {"start": "00:05:09", "end": "00:05:13", "text": "kind of like mini treasury at their"}, {"start": "00:05:12", "end": "00:05:16", "text": "disposal. And when they feel like they"}, {"start": "00:05:13", "end": "00:05:19", "text": "need to bail out a bank, okay, for"}, {"start": "00:05:16", "end": "00:05:21", "text": "example, they'll just buy they'll either"}, {"start": "00:05:19", "end": "00:05:22", "text": "buy them out or force a closure, but a"}, {"start": "00:05:21", "end": "00:05:25", "text": "lot of times they'll buy like their"}, {"start": "00:05:22", "end": "00:05:27", "text": "bonds and they do that with certain"}, {"start": "00:05:25", "end": "00:05:29", "text": "companies as well. So it it's kind of a"}, {"start": "00:05:27", "end": "00:05:32", "text": "weird system. They have them emergency"}, {"start": "00:05:29", "end": "00:05:34", "text": "like piggy bank so to speak, but that's"}, {"start": "00:05:32", "end": "00:05:36", "text": "what's considered like injecting into"}, {"start": "00:05:34", "end": "00:05:40", "text": "the economy. They put a lot of money out"}, {"start": "00:05:36", "end": "00:05:42", "text": "there to buy things to help"}, {"start": "00:05:40", "end": "00:05:44", "text": "um help the economy, right? And they do"}, {"start": "00:05:42", "end": "00:05:46", "text": "this all the time behind the scenes."}, {"start": "00:05:44", "end": "00:05:48", "text": "This is a small amount. Like five"}, {"start": "00:05:46", "end": "00:05:50", "text": "billion sounds like a lot, but you know,"}, {"start": "00:05:48", "end": "00:05:53", "text": "a grand scheme of things this is a drop"}, {"start": "00:05:50", "end": "00:05:56", "text": "in a bucket. But this is part of that."}, {"start": "00:05:53", "end": "00:05:59", "text": "This is part of that"}, {"start": "00:05:56", "end": "00:06:01", "text": "reviving the economy. This is uh"}, {"start": "00:05:59", "end": "00:06:03", "text": "economic"}, {"start": "00:06:01", "end": "00:06:05", "text": "um"}, {"start": "00:06:03", "end": "00:06:07", "text": "loosening,"}, {"start": "00:06:05", "end": "00:06:09", "text": "you know, all these fancy terms that"}, {"start": "00:06:07", "end": "00:06:11", "text": "this is what it is, right? But you know,"}, {"start": "00:06:09", "end": "00:06:12", "text": "here's the thing. Where's the money"}, {"start": "00:06:11", "end": "00:06:15", "text": "coming from? Where where's the money"}, {"start": "00:06:12", "end": "00:06:17", "text": "coming from? No one no one questions"}, {"start": "00:06:15", "end": "00:06:20", "text": "this. No one cares. This is why we have"}, {"start": "00:06:17", "end": "00:06:24", "text": "so much deficit. Uh it's it's coming"}, {"start": "00:06:20", "end": "00:06:26", "text": "from nowhere. It's out of thin air."}, {"start": "00:06:24", "end": "00:06:27", "text": "They just print more money. More"}, {"start": "00:06:26", "end": "00:06:30", "text": "importantly, they don't even need to do"}, {"start": "00:06:27", "end": "00:06:31", "text": "that. Everything's electronic. They just"}, {"start": "00:06:30", "end": "00:06:34", "text": "type more zeros in the computer and"}, {"start": "00:06:31", "end": "00:06:36", "text": "allow it to happen. That's it. Think"}, {"start": "00:06:34", "end": "00:06:39", "text": "about when you can control the supply of"}, {"start": "00:06:36", "end": "00:06:42", "text": "your own money and you could just"}, {"start": "00:06:39", "end": "00:06:45", "text": "release more whenever you want to. How"}, {"start": "00:06:42", "end": "00:06:48", "text": "awesome that is."}, {"start": "00:06:45", "end": "00:06:52", "text": "But what's not awesome is the value of"}, {"start": "00:06:48", "end": "00:06:54", "text": "that dollar continues to shrink."}, {"start": "00:06:52", "end": "00:06:59", "text": "more and more and more. That's called"}, {"start": "00:06:54", "end": "00:07:01", "text": "debasement. That's why your buying power"}, {"start": "00:06:59", "end": "00:07:03", "text": "shrinks over time because there's more"}, {"start": "00:07:01", "end": "00:07:06", "text": "of it."}, {"start": "00:07:03", "end": "00:07:09", "text": "There's a lot more of it all the time"}, {"start": "00:07:06", "end": "00:07:10", "text": "being released. Think about it. It gets"}, {"start": "00:07:09", "end": "00:07:13", "text": "less valuable. Everything that's"}, {"start": "00:07:10", "end": "00:07:16", "text": "valuable is due to scarcity. The one"}, {"start": "00:07:13", "end": "00:07:19", "text": "thing that's not really scarce at all"}, {"start": "00:07:16", "end": "00:07:22", "text": "and the opposite of scarce"}, {"start": "00:07:19", "end": "00:07:23", "text": "is fiat currency. So, it's the one thing"}, {"start": "00:07:22", "end": "00:07:25", "text": "that you don't want to hold long term."}, {"start": "00:07:23", "end": "00:07:29", "text": "Shortterm, we all need it to pay bills"}, {"start": "00:07:25", "end": "00:07:30", "text": "and go out and do stuff. But long-term"}, {"start": "00:07:29", "end": "00:07:32", "text": "as investment, holding on a lot of cash"}, {"start": "00:07:30", "end": "00:07:33", "text": "is absolutely the worst thing you could"}, {"start": "00:07:32", "end": "00:07:35", "text": "do."}, {"start": "00:07:33", "end": "00:07:39", "text": "This is why this is why you need to buy"}, {"start": "00:07:35", "end": "00:07:42", "text": "hard assets like Bitcoin or real estate"}, {"start": "00:07:39", "end": "00:07:45", "text": "or a number of other things, stocks,"}, {"start": "00:07:42", "end": "00:07:49", "text": "equities, even"}, {"start": "00:07:45", "end": "00:07:50", "text": "even commodities these days."}, {"start": "00:07:49", "end": "00:07:52", "text": "But when you have injection, it's"}, {"start": "00:07:50", "end": "00:07:55", "text": "usually good. It's usually good. Uh so"}, {"start": "00:07:52", "end": "00:07:56", "text": "that's why, you know, this next stop"}, {"start": "00:07:55", "end": "00:08:00", "text": "could be 78,000. I'm gonna do a little"}, {"start": "00:07:56", "end": "00:08:02", "text": "charting before Q&A."}, {"start": "00:08:00", "end": "00:08:04", "text": "Um urges caution, meaning like, hey,"}, {"start": "00:08:02", "end": "00:08:06", "text": "there might be,"}, {"start": "00:08:04", "end": "00:08:09", "text": "you know, there might be still more"}, {"start": "00:08:06", "end": "00:08:12", "text": "stuff happening, right? Um but it does"}, {"start": "00:08:09", "end": "00:08:13", "text": "look like that is our next stop. And if"}, {"start": "00:08:12", "end": "00:08:15", "text": "we could break through that, there are"}, {"start": "00:08:13", "end": "00:08:17", "text": "more"}, {"start": "00:08:15", "end": "00:08:19", "text": "stops along the way, which is really"}, {"start": "00:08:17", "end": "00:08:22", "text": "good to the upside."}, {"start": "00:08:19", "end": "00:08:25", "text": "Uh, Bitcoin taxes make no sense. Well,"}, {"start": "00:08:22", "end": "00:08:29", "text": "that that's kind of true. It depends."}, {"start": "00:08:25", "end": "00:08:30", "text": "Okay. But if you're going to use Bitcoin"}, {"start": "00:08:29", "end": "00:08:32", "text": "for everyday transactions, yeah, it"}, {"start": "00:08:30", "end": "00:08:33", "text": "makes no sense. You have to calculate,"}, {"start": "00:08:32", "end": "00:08:36", "text": "you know, going all the way back and"}, {"start": "00:08:33", "end": "00:08:38", "text": "trace where the Bitcoin came from and"}, {"start": "00:08:36", "end": "00:08:41", "text": "pay taxes on that, right? So, for small"}, {"start": "00:08:38", "end": "00:08:43", "text": "transactions, removing taxes"}, {"start": "00:08:41", "end": "00:08:47", "text": "makes a lot of sense. But if you're go"}, {"start": "00:08:43", "end": "00:08:50", "text": "buy a house, a car, a yacht, a mansion,"}, {"start": "00:08:47", "end": "00:08:52", "text": "a island with your Bitcoin, you probably"}, {"start": "00:08:50", "end": "00:08:56", "text": "have to still pay capital gains taxes."}, {"start": "00:08:52", "end": "00:08:56", "text": "But you know what?"}, {"start": "00:08:56", "end": "00:09:01", "text": "A step in the right direction."}, {"start": "00:09:02", "end": "00:09:06", "text": "Uh what else? What else happening? A lot"}, {"start": "00:09:04", "end": "00:09:09", "text": "of a lot of good stuff. These are all"}, {"start": "00:09:06", "end": "00:09:12", "text": "the signals I'm talking about. Okay, the"}, {"start": "00:09:09", "end": "00:09:15", "text": "bottoming process has commenced and we"}, {"start": "00:09:12", "end": "00:09:18", "text": "got a lot of signals geopolitically. I"}, {"start": "00:09:15", "end": "00:09:21", "text": "just mentioned macrowise,"}, {"start": "00:09:18", "end": "00:09:24", "text": "fundamentals, technicals,"}, {"start": "00:09:21", "end": "00:09:26", "text": "all looking pretty darn strong right"}, {"start": "00:09:24", "end": "00:09:28", "text": "now. Black Rockcks I bit, I haven't"}, {"start": "00:09:26", "end": "00:09:30", "text": "really shared the the ETF numbers"}, {"start": "00:09:28", "end": "00:09:32", "text": "recently. I don't know why, but they"}, {"start": "00:09:30", "end": "00:09:34", "text": "just bought a half billion dollars worth"}, {"start": "00:09:32", "end": "00:09:36", "text": "of Bitcoin."}, {"start": "00:09:34", "end": "00:09:38", "text": "Not just them, but like investors in"}, {"start": "00:09:36", "end": "00:09:40", "text": "general. But Black Rockck also has other"}, {"start": "00:09:38", "end": "00:09:43", "text": "ETFs that they have that also buys its"}, {"start": "00:09:40", "end": "00:09:44", "text": "own IBIT ETF. So in a way they are"}, {"start": "00:09:43", "end": "00:09:46", "text": "buying and I'm pretty sure there's a lot"}, {"start": "00:09:44", "end": "00:09:49", "text": "more buying behind the scenes that no"}, {"start": "00:09:46", "end": "00:09:49", "text": "one knows about."}, {"start": "00:09:49", "end": "00:09:54", "text": "So obviously this is happening. Morgan"}, {"start": "00:09:52", "end": "00:09:58", "text": "Stanley's"}, {"start": "00:09:54", "end": "00:10:00", "text": "new fund 103 million inflow already in a"}, {"start": "00:09:58", "end": "00:10:03", "text": "couple of days. So there are definitely"}, {"start": "00:10:00", "end": "00:10:05", "text": "a lot of buyers right now. institutional"}, {"start": "00:10:03", "end": "00:10:10", "text": "buyers, Wall Street buyers, a lot of"}, {"start": "00:10:05", "end": "00:10:13", "text": "buyers. Tether also another buyer. They"}, {"start": "00:10:10", "end": "00:10:15", "text": "hold close to 100,000 Bitcoin. They're"}, {"start": "00:10:13", "end": "00:10:16", "text": "using their profits and they keep buying"}, {"start": "00:10:15", "end": "00:10:18", "text": "and buying and buying. That's the right"}, {"start": "00:10:16", "end": "00:10:21", "text": "move. And they're getting audited by the"}, {"start": "00:10:18", "end": "00:10:23", "text": "big four auditing firms. I don't know"}, {"start": "00:10:21", "end": "00:10:25", "text": "when that's going to happen or maybe it"}, {"start": "00:10:23", "end": "00:10:28", "text": "did, but they're making money hand over"}, {"start": "00:10:25", "end": "00:10:30", "text": "fist right now. They are insanely rich."}, {"start": "00:10:28", "end": "00:10:33", "text": "They have Bitcoin. They have Bitcoin"}, {"start": "00:10:30", "end": "00:10:37", "text": "mining companies. They even have gold,"}, {"start": "00:10:33", "end": "00:10:40", "text": "billions upon billions of each."}, {"start": "00:10:37", "end": "00:10:43", "text": "They are becoming really really really"}, {"start": "00:10:40", "end": "00:10:46", "text": "dominant. Uh I I don't even think"}, {"start": "00:10:43", "end": "00:10:47", "text": "there's a company in crypto, maybe"}, {"start": "00:10:46", "end": "00:10:51", "text": "Binance,"}, {"start": "00:10:47", "end": "00:10:53", "text": "that matches how much Tether is making"}, {"start": "00:10:51", "end": "00:10:56", "text": "uh quarterly. It's insane how much they"}, {"start": "00:10:53", "end": "00:10:58", "text": "are. But the important thing is they are"}, {"start": "00:10:56", "end": "00:11:01", "text": "buying."}, {"start": "00:10:58", "end": "00:11:03", "text": "They are buying for sure. We know"}, {"start": "00:11:01", "end": "00:11:07", "text": "sailor's buying. Here's a new thing that"}, {"start": "00:11:03", "end": "00:11:10", "text": "he's displaying. Bitcoin per share in"}, {"start": "00:11:07", "end": "00:11:14", "text": "sats. So every share that they have,"}, {"start": "00:11:10", "end": "00:11:17", "text": "they break it down into how many sats"}, {"start": "00:11:14", "end": "00:11:20", "text": "it's worth, right? And that will go up."}, {"start": "00:11:17", "end": "00:11:23", "text": "That will continue to go up because he"}, {"start": "00:11:20", "end": "00:11:25", "text": "is raising more money and using that"}, {"start": "00:11:23", "end": "00:11:27", "text": "money to buy more Bitcoin. So that is"}, {"start": "00:11:25", "end": "00:11:28", "text": "going to go higher. The only thing"}, {"start": "00:11:27", "end": "00:11:32", "text": "that's ugly about this right now is the"}, {"start": "00:11:28", "end": "00:11:34", "text": "one-year return, right? But we know that"}, {"start": "00:11:32", "end": "00:11:36", "text": "this happens with Bitcoin during"}, {"start": "00:11:34", "end": "00:11:39", "text": "corrections phases with crypto winter."}, {"start": "00:11:36", "end": "00:11:43", "text": "It goes down, but then it recovers back"}, {"start": "00:11:39", "end": "00:11:45", "text": "up and heads to a new high."}, {"start": "00:11:43", "end": "00:11:47", "text": "But this is a pretty good breakdown."}, {"start": "00:11:45", "end": "00:11:49", "text": "Bitcoin per share. I like it. I like it"}, {"start": "00:11:47", "end": "00:11:51", "text": "a lot. It makes a lot of sense. But, you"}, {"start": "00:11:49", "end": "00:11:52", "text": "know, Sailor's not gonna stop, right? He"}, {"start": "00:11:51", "end": "00:11:55", "text": "just bought a thousand Bitcoin this"}, {"start": "00:11:52", "end": "00:11:58", "text": "week. And he's gonna continue to do that"}, {"start": "00:11:55", "end": "00:12:00", "text": "every single week. Maybe not a thousand"}, {"start": "00:11:58", "end": "00:12:03", "text": "every week, but you get the picture."}, {"start": "00:12:00", "end": "00:12:07", "text": "He's gonna continue. All right. On to"}, {"start": "00:12:03", "end": "00:12:10", "text": "some other stuff like like technicals"}, {"start": "00:12:07", "end": "00:12:13", "text": "and and macro."}, {"start": "00:12:10", "end": "00:12:14", "text": "I don't know macro metrics, onchain"}, {"start": "00:12:13", "end": "00:12:18", "text": "metrics,"}, {"start": "00:12:14", "end": "00:12:20", "text": "technicals. Uh funding rate most"}, {"start": "00:12:18", "end": "00:12:22", "text": "negative since 2023."}, {"start": "00:12:20", "end": "00:12:26", "text": "What is funding rate? Well, this is"}, {"start": "00:12:22", "end": "00:12:29", "text": "measuring the the the leverage that's"}, {"start": "00:12:26", "end": "00:12:31", "text": "out there. Okay. And when it's negative,"}, {"start": "00:12:29", "end": "00:12:34", "text": "that's that means there's more people"}, {"start": "00:12:31", "end": "00:12:35", "text": "betting shorts than longs at this point."}, {"start": "00:12:34", "end": "00:12:39", "text": "There are still a lot of bears out"}, {"start": "00:12:35", "end": "00:12:41", "text": "there. That does not believe that we are"}, {"start": "00:12:39", "end": "00:12:44", "text": "ready to move up. That's a good thing."}, {"start": "00:12:41", "end": "00:12:47", "text": "Normally, when you have that happen,"}, {"start": "00:12:44", "end": "00:12:50", "text": "that's when things turn around"}, {"start": "00:12:47", "end": "00:12:53", "text": "and you'll get massive short squeezes"}, {"start": "00:12:50", "end": "00:12:55", "text": "along the way."}, {"start": "00:12:53", "end": "00:13:00", "text": "So this is exactly what happens at"}, {"start": "00:12:55", "end": "00:13:02", "text": "bottoms in 2023. We had a bottom. 2024"}, {"start": "00:13:00", "end": "00:13:05", "text": "we had a bottom. 2025 we had a bottom."}, {"start": "00:13:02", "end": "00:13:08", "text": "We these are local bottoms. In 2023 was"}, {"start": "00:13:05", "end": "00:13:12", "text": "the bottom the last winter when Bitcoin"}, {"start": "00:13:08", "end": "00:13:12", "text": "fell down to $15,000."}, {"start": "00:13:13", "end": "00:13:21", "text": "Right."}, {"start": "00:13:16", "end": "00:13:26", "text": "So pretty good. pretty good exchange"}, {"start": "00:13:21", "end": "00:13:26", "text": "reserve keeps going down down down"}, {"start": "00:13:27", "end": "00:13:30", "text": "probably the lowest level since like"}, {"start": "00:13:28", "end": "00:13:33", "text": "2016 even though there are still Bitcoin"}, {"start": "00:13:30", "end": "00:13:36", "text": "around but goes to show you and then"}, {"start": "00:13:33", "end": "00:13:39", "text": "yesterday I I covered how the the"}, {"start": "00:13:36", "end": "00:13:42", "text": "deposit into Binance is as low as 2016"}, {"start": "00:13:39", "end": "00:13:44", "text": "or something or 2015 and it correlates"}, {"start": "00:13:42", "end": "00:13:46", "text": "with this slowly but surely more and"}, {"start": "00:13:44", "end": "00:13:47", "text": "more Bitcoin is being removed from"}, {"start": "00:13:46", "end": "00:13:50", "text": "exchanges"}, {"start": "00:13:47", "end": "00:13:52", "text": "and that will never top. It will just"}, {"start": "00:13:50", "end": "00:13:54", "text": "keep on going forever. Now, there's not"}, {"start": "00:13:52", "end": "00:13:56", "text": "going to be more Bitcoin going to the"}, {"start": "00:13:54", "end": "00:13:59", "text": "exchanges"}, {"start": "00:13:56", "end": "00:14:01", "text": "than outflows."}, {"start": "00:13:59", "end": "00:14:02", "text": "Take a second, think about that. This is"}, {"start": "00:14:01", "end": "00:14:04", "text": "going to be a forever trend until one"}, {"start": "00:14:02", "end": "00:14:06", "text": "day there's no more Bitcoin on"}, {"start": "00:14:04", "end": "00:14:08", "text": "exchanges."}, {"start": "00:14:06", "end": "00:14:12", "text": "Um, and that's going to be wild. That's"}, {"start": "00:14:08", "end": "00:14:14", "text": "going to be real wild. Bitcoin score"}, {"start": "00:14:12", "end": "00:14:17", "text": "index rises to 40. I'm not even sure"}, {"start": "00:14:14", "end": "00:14:20", "text": "what this means, but"}, {"start": "00:14:17", "end": "00:14:23", "text": "uh I'm sure this is measuring"}, {"start": "00:14:20", "end": "00:14:26", "text": "bearish and bullish"}, {"start": "00:14:23", "end": "00:14:28", "text": "sentiment. This has conditions. I'm not"}, {"start": "00:14:26", "end": "00:14:31", "text": "really even sure what it's measuring,"}, {"start": "00:14:28", "end": "00:14:33", "text": "but it's a bottom indicator. Okay, we're"}, {"start": "00:14:31", "end": "00:14:37", "text": "coming up from bottom, the same levels"}, {"start": "00:14:33", "end": "00:14:40", "text": "as 2023. So whether this is measuring"}, {"start": "00:14:37", "end": "00:14:42", "text": "sentiment or trading or volume or"}, {"start": "00:14:40", "end": "00:14:44", "text": "whatever"}, {"start": "00:14:42", "end": "00:14:50", "text": "it's showing that we have bottomed and"}, {"start": "00:14:44", "end": "00:14:50", "text": "we are turning around"}, {"start": "00:14:51", "end": "00:14:58", "text": "technical perspective."}, {"start": "00:14:55", "end": "00:15:00", "text": "Okay, 4 hours. 4 hours. Yeah, we do have"}, {"start": "00:14:58", "end": "00:15:02", "text": "a 76,000"}, {"start": "00:15:00", "end": "00:15:04", "text": "level that we need to break, right? But"}, {"start": "00:15:02", "end": "00:15:06", "text": "afterwards, we got a lot more a lot more"}, {"start": "00:15:04", "end": "00:15:09", "text": "to go. According to Dan Crypto, there's"}, {"start": "00:15:06", "end": "00:15:11", "text": "a CME gap at 84,000. So, that's pretty"}, {"start": "00:15:09", "end": "00:15:13", "text": "good. But"}, {"start": "00:15:11", "end": "00:15:17", "text": "from a chart perspective, I'll I'll show"}, {"start": "00:15:13", "end": "00:15:20", "text": "you guys. Um, the biggest one is at like"}, {"start": "00:15:17", "end": "00:15:27", "text": "96,000. And we could get up there really"}, {"start": "00:15:20", "end": "00:15:27", "text": "really quickly with a bit of momentum."}, {"start": "00:15:29", "end": "00:15:35", "text": "Uh, bullish signs for Salana. There's"}, {"start": "00:15:32", "end": "00:15:38", "text": "always big fan of Salana right now. ETH"}, {"start": "00:15:35", "end": "00:15:40", "text": "is very doing very well, but Salana is"}, {"start": "00:15:38", "end": "00:15:41", "text": "definitely growing. Institutional"}, {"start": "00:15:40", "end": "00:15:44", "text": "interest is growing. Treasury companies"}, {"start": "00:15:41", "end": "00:15:47", "text": "are growing. I mean, if you look at this"}, {"start": "00:15:44", "end": "00:15:49", "text": "economic activity over one trillion,"}, {"start": "00:15:47", "end": "00:15:51", "text": "first"}, {"start": "00:15:49", "end": "00:15:54", "text": "trillion dollar quarter for the network."}, {"start": "00:15:51", "end": "00:15:56", "text": "And this is despite"}, {"start": "00:15:54", "end": "00:15:58", "text": "our current conditions right now. Think"}, {"start": "00:15:56", "end": "00:16:01", "text": "about when things are hot again, how"}, {"start": "00:15:58", "end": "00:16:03", "text": "high this is going to go. So there are a"}, {"start": "00:16:01", "end": "00:16:08", "text": "ton of things happening on Salana right"}, {"start": "00:16:03", "end": "00:16:10", "text": "now whether it's trading or or or even"}, {"start": "00:16:08", "end": "00:16:13", "text": "transactions like"}, {"start": "00:16:10", "end": "00:16:17", "text": "Visa Mastercard or stable coins whatever"}, {"start": "00:16:13", "end": "00:16:19", "text": "it is a ton of transactions clash or"}, {"start": "00:16:17", "end": "00:16:22", "text": "clash predictions"}, {"start": "00:16:19", "end": "00:16:24", "text": "all the transactions on Salana right"}, {"start": "00:16:22", "end": "00:16:27", "text": "stuff like that a ton of things"}, {"start": "00:16:24", "end": "00:16:30", "text": "happening it's going to be awesome once"}, {"start": "00:16:27", "end": "00:16:32", "text": "we come back and RWA let's not forget"}, {"start": "00:16:30", "end": "00:16:33", "text": "too there. Anything that could be done"}, {"start": "00:16:32", "end": "00:16:35", "text": "on Ethereum could really be done on"}, {"start": "00:16:33", "end": "00:16:38", "text": "Salana."}, {"start": "00:16:35", "end": "00:16:40", "text": "So, but more efficiently and faster and"}, {"start": "00:16:38", "end": "00:16:45", "text": "cheaper."}, {"start": "00:16:40", "end": "00:16:48", "text": "So, I'm looking forward to the revival."}, {"start": "00:16:45", "end": "00:16:50", "text": "All right. Oh, look at this. Charles"}, {"start": "00:16:48", "end": "00:16:52", "text": "Swap"}, {"start": "00:16:50", "end": "00:16:54", "text": "to launch direct Bitcoin Ethereum trade"}, {"start": "00:16:52", "end": "00:16:56", "text": "and compete with Robin Hood. Now, that's"}, {"start": "00:16:54", "end": "00:16:57", "text": "a smart move. They already they already"}, {"start": "00:16:56", "end": "00:16:59", "text": "announced that before, so I don't know"}, {"start": "00:16:57", "end": "00:17:01", "text": "why this is breaking news."}, {"start": "00:16:59", "end": "00:17:03", "text": "They said that they would go do this"}, {"start": "00:17:01", "end": "00:17:06", "text": "already, but it makes sense. They're"}, {"start": "00:17:03", "end": "00:17:08", "text": "losing grounds to Robin Hood a lot. None"}, {"start": "00:17:06", "end": "00:17:11", "text": "of the millennials, I mean, millennials"}, {"start": "00:17:08", "end": "00:17:14", "text": "are old now. Whatever Gen Z and whatever"}, {"start": "00:17:11", "end": "00:17:16", "text": "is newer than Gen Z, none of them are"}, {"start": "00:17:14", "end": "00:17:18", "text": "using Charles Swab. They're using Robin"}, {"start": "00:17:16", "end": "00:17:22", "text": "Hood or now Coinbase because you trade"}, {"start": "00:17:18", "end": "00:17:25", "text": "stocks on Coinbase."}, {"start": "00:17:22", "end": "00:17:28", "text": "Charles Swab has to watch out. All"}, {"start": "00:17:25", "end": "00:17:30", "text": "right. As for uh charting,"}, {"start": "00:17:28", "end": "00:17:32", "text": "so on the lower time frames, I was"}, {"start": "00:17:30", "end": "00:17:36", "text": "looking at it before lower time frames"}, {"start": "00:17:32", "end": "00:17:38", "text": "still kind of like so so right now"}, {"start": "00:17:36", "end": "00:17:40", "text": "15-minute actually broke to leaning"}, {"start": "00:17:38", "end": "00:17:43", "text": "bearish. It was neutral. Okay, this"}, {"start": "00:17:40", "end": "00:17:45", "text": "could be because again this is a very"}, {"start": "00:17:43", "end": "00:17:47", "text": "short time frame. So you got to take"}, {"start": "00:17:45", "end": "00:17:50", "text": "this with a grain of salt because we can"}, {"start": "00:17:47", "end": "00:17:53", "text": "flip right back above really quickly."}, {"start": "00:17:50", "end": "00:17:54", "text": "Okay. So, if you're looking at the 15"}, {"start": "00:17:53", "end": "00:17:57", "text": "minutes,"}, {"start": "00:17:54", "end": "00:17:58", "text": "it's more bearish because it's so short."}, {"start": "00:17:57", "end": "00:18:00", "text": "But if you're looking at something"}, {"start": "00:17:58", "end": "00:18:02", "text": "longer like the one hour, we're leaning"}, {"start": "00:18:00", "end": "00:18:05", "text": "neutral. The trend is definitely going"}, {"start": "00:18:02", "end": "00:18:08", "text": "up. Okay, we're above these important"}, {"start": "00:18:05", "end": "00:18:10", "text": "moving averages."}, {"start": "00:18:08", "end": "00:18:12", "text": "And then more importantly, if you go up"}, {"start": "00:18:10", "end": "00:18:16", "text": "even more, I was looking at like the"}, {"start": "00:18:12", "end": "00:18:19", "text": "daily. Daily is where things change."}, {"start": "00:18:16", "end": "00:18:22", "text": "Okay, this goes back about a month and"}, {"start": "00:18:19", "end": "00:18:26", "text": "things are looking very positive. Very,"}, {"start": "00:18:22", "end": "00:18:28", "text": "very positive indeed. Okay, we could you"}, {"start": "00:18:26", "end": "00:18:30", "text": "could see higher highs,"}, {"start": "00:18:28", "end": "00:18:34", "text": "higher lows."}, {"start": "00:18:30", "end": "00:18:37", "text": "Very obvious to see we're above all the"}, {"start": "00:18:34", "end": "00:18:40", "text": "moving resistances."}, {"start": "00:18:37", "end": "00:18:43", "text": "Okay, the 50, the 200, the the D43,"}, {"start": "00:18:40", "end": "00:18:46", "text": "VWAP, all of it. And we're definitely"}, {"start": "00:18:43", "end": "00:18:50", "text": "trending higher. you could see. And then"}, {"start": "00:18:46", "end": "00:18:50", "text": "the other things like"}, {"start": "00:18:50", "end": "00:18:59", "text": "like uh RSI still not too overheated."}, {"start": "00:18:55", "end": "00:19:02", "text": "MACD still looking great. So from a from"}, {"start": "00:18:59", "end": "00:19:04", "text": "a longer perspective, things are shaping"}, {"start": "00:19:02", "end": "00:19:07", "text": "up. They're looking good. We're making"}, {"start": "00:19:04", "end": "00:19:10", "text": "an uptrend,"}, {"start": "00:19:07", "end": "00:19:12", "text": "but we haven't broken out yet from our"}, {"start": "00:19:10", "end": "00:19:14", "text": "current place. That's what we're looking"}, {"start": "00:19:12", "end": "00:19:17", "text": "for. So on the weekly, this is what"}, {"start": "00:19:14", "end": "00:19:20", "text": "we're looking at. We need to break out."}, {"start": "00:19:17", "end": "00:19:23", "text": "Okay. The next stock could be at 76,000"}, {"start": "00:19:20", "end": "00:19:26", "text": "and then after that, you know, I would"}, {"start": "00:19:23", "end": "00:19:29", "text": "argue it's like right around here, that"}, {"start": "00:19:26", "end": "00:19:30", "text": "86,000 mark right here. You could see"}, {"start": "00:19:29", "end": "00:19:33", "text": "and that actually correlates with the"}, {"start": "00:19:30", "end": "00:19:34", "text": "CME gap. So it makes a lot of sense. So"}, {"start": "00:19:33", "end": "00:19:36", "text": "if we could break out of here"}, {"start": "00:19:34", "end": "00:19:38", "text": "decisively,"}, {"start": "00:19:36", "end": "00:19:41", "text": "then the next stop will probably be at"}, {"start": "00:19:38", "end": "00:19:44", "text": "86 right here. And then after that the"}, {"start": "00:19:41", "end": "00:19:46", "text": "true resistance for us to break and"}, {"start": "00:19:44", "end": "00:19:50", "text": "that's when things get magical once"}, {"start": "00:19:46", "end": "00:19:53", "text": "again is at 95,000 96,000ish."}, {"start": "00:19:50", "end": "00:19:58", "text": "Once we could do that then a bull market"}, {"start": "00:19:53", "end": "00:20:00", "text": "is back and recovery will be swift."}, {"start": "00:19:58", "end": "00:20:04", "text": "Okay. So that's what we're looking for."}, {"start": "00:20:00", "end": "00:20:09", "text": "We're still trending upwards slowly."}, {"start": "00:20:04", "end": "00:20:09", "text": "Not out of the woodwork yet."}, {"start": "00:20:10", "end": "00:20:15", "text": "But pretty soon, pretty soon all things"}, {"start": "00:20:12", "end": "00:20:17", "text": "are lightning."}, {"start": "00:20:15", "end": "00:20:20", "text": "All right,"}, {"start": "00:20:17", "end": "00:20:20", "text": "let's do some Q&A."}, {"start": "00:20:42", "end": "00:20:51", "text": "i999 I9y says a 27y old call me unc 27y"}, {"start": "00:20:49", "end": "00:20:54", "text": "old. What's wrong with that? How old are"}, {"start": "00:20:51", "end": "00:20:57", "text": "you? If you're in your 40s and 50s then"}, {"start": "00:20:54", "end": "00:20:57", "text": "yeah."}, {"start": "00:21:01", "end": "00:21:07", "text": "this uh this is just phased out for a"}, {"start": "00:21:05", "end": "00:21:12", "text": "little bit. I don't know why I'm back"}, {"start": "00:21:07", "end": "00:21:15", "text": "now. Uh let's see."}, {"start": "00:21:12", "end": "00:21:19", "text": "Someone asked"}, {"start": "00:21:15", "end": "00:21:21", "text": "to Todd Mack, Mexico made KYC mandate"}, {"start": "00:21:19", "end": "00:21:23", "text": "for all users from all countries"}, {"start": "00:21:21", "end": "00:21:26", "text": "suddenly stop withdrawals with no KYC."}, {"start": "00:21:23", "end": "00:21:27", "text": "Is there a change in US with no KYC? If"}, {"start": "00:21:26", "end": "00:21:31", "text": "you're talking about foreign exchange,"}, {"start": "00:21:27", "end": "00:21:32", "text": "yeah, like Bit Unix and BTCC, they're"}, {"start": "00:21:31", "end": "00:21:34", "text": "both my partners. They're in the"}, {"start": "00:21:32", "end": "00:21:36", "text": "description. They don't have they don't"}, {"start": "00:21:34", "end": "00:21:38", "text": "force KYC."}, {"start": "00:21:36", "end": "00:21:41", "text": "You know, unfortunately, it's going to"}, {"start": "00:21:38", "end": "00:21:42", "text": "happen to everyone eventually, but now"}, {"start": "00:21:41", "end": "00:21:47", "text": "you still have a lot of great exchanges"}, {"start": "00:21:42", "end": "00:21:47", "text": "that do not have KYC."}, {"start": "00:21:50", "end": "00:21:55", "text": "Can you talk a little bit about supply"}, {"start": "00:21:52", "end": "00:21:55", "text": "squeeze?"}, {"start": "00:21:56", "end": "00:22:02", "text": "I I I already talked about that. You"}, {"start": "00:21:59", "end": "00:22:06", "text": "know, it's already on it's already it's"}, {"start": "00:22:02", "end": "00:22:08", "text": "already applying, right? But"}, {"start": "00:22:06", "end": "00:22:09", "text": "longer term,"}, {"start": "00:22:08", "end": "00:22:12", "text": "the biggest thing you just have to worry"}, {"start": "00:22:09", "end": "00:22:13", "text": "about is"}, {"start": "00:22:12", "end": "00:22:16", "text": "scarcity. That's it. That's what a"}, {"start": "00:22:13", "end": "00:22:18", "text": "supply squeeze is. Scarcity. That's it."}, {"start": "00:22:16", "end": "00:22:20", "text": "There's not enough to go around. It's a"}, {"start": "00:22:18", "end": "00:22:24", "text": "really simple concept because you can't"}, {"start": "00:22:20", "end": "00:22:28", "text": "just mint more or create more Bitcoin."}, {"start": "00:22:24", "end": "00:22:33", "text": "You can with fiat unlimited amounts. So"}, {"start": "00:22:28", "end": "00:22:33", "text": "that's what it really comes down to."}, {"start": "00:22:41", "end": "00:22:45", "text": "Man, what is this happening right now? I"}, {"start": "00:22:43", "end": "00:22:49", "text": "guess my charting was correct. to 15"}, {"start": "00:22:45", "end": "00:22:53", "text": "minute said leaning bearish and now"}, {"start": "00:22:49", "end": "00:22:53", "text": "it is"}, {"start": "00:22:56", "end": "00:22:59", "text": "I think one of the things I'm going to"}, {"start": "00:22:57", "end": "00:23:00", "text": "be doing in the future is building a"}, {"start": "00:22:59", "end": "00:23:02", "text": "trading bot because this is pretty"}, {"start": "00:23:00", "end": "00:23:04", "text": "accurate. I just showed you guys like"}, {"start": "00:23:02", "end": "00:23:06", "text": "five minutes ago it said 15 minutes said"}, {"start": "00:23:04", "end": "00:23:08", "text": "leaning bearish and now it's definitely"}, {"start": "00:23:06", "end": "00:23:12", "text": "bearish but this is a shorter time frame"}, {"start": "00:23:08", "end": "00:23:15", "text": "again. Uh there's some kind of bad news"}, {"start": "00:23:12", "end": "00:23:18", "text": "that probably came out something"}, {"start": "00:23:15", "end": "00:23:21", "text": "where the US market turned red."}, {"start": "00:23:18", "end": "00:23:25", "text": "Yeah, like I suspected maybe a little"}, {"start": "00:23:21", "end": "00:23:25", "text": "profit taking today."}, {"start": "00:23:37", "end": "00:23:40", "text": "Could"}, {"start": "00:23:41", "end": "00:23:46", "text": "be a lot. It could be too much leverage"}, {"start": "00:23:43", "end": "00:23:50", "text": "too. Too many people have their longs"}, {"start": "00:23:46", "end": "00:23:50", "text": "open at this point."}, {"start": "00:24:03", "end": "00:24:09", "text": "Man, I'm doing some uh really"}, {"start": "00:24:05", "end": "00:24:12", "text": "interesting and cool things."}, {"start": "00:24:09", "end": "00:24:15", "text": "um with my AI projects right now. The"}, {"start": "00:24:12", "end": "00:24:18", "text": "security dashboard I've made some huge"}, {"start": "00:24:15", "end": "00:24:20", "text": "strides in it. It's going to be"}, {"start": "00:24:18", "end": "00:24:22", "text": "basically fully autonomous and it's"}, {"start": "00:24:20", "end": "00:24:26", "text": "going to be awesome. It's going to be"}, {"start": "00:24:22", "end": "00:24:28", "text": "unlike anything that exists now."}, {"start": "00:24:26", "end": "00:24:32", "text": "And then I'm rebuilding AVA like a V4"}, {"start": "00:24:28", "end": "00:24:34", "text": "version. V3 version is already"}, {"start": "00:24:32", "end": "00:24:36", "text": "damn good, but there are still some"}, {"start": "00:24:34", "end": "00:24:41", "text": "problems. I'm building a V4 that's going"}, {"start": "00:24:36", "end": "00:24:45", "text": "to be even more capable and unstoppable."}, {"start": "00:24:41", "end": "00:24:47", "text": "Almost becomes like Skynet in a way."}, {"start": "00:24:45", "end": "00:24:49", "text": "Her memory system is shaped off of her"}, {"start": "00:24:47", "end": "00:24:52", "text": "brain. And I've been doing a lot of"}, {"start": "00:24:49", "end": "00:24:55", "text": "experiments with LLMs to see how they"}, {"start": "00:24:52", "end": "00:24:57", "text": "work, how they think, how to optimize"}, {"start": "00:24:55", "end": "00:24:59", "text": "them."}, {"start": "00:24:57", "end": "00:25:02", "text": "So, this is going beyond code now. like"}, {"start": "00:24:59", "end": "00:25:06", "text": "I'm designing uh"}, {"start": "00:25:02", "end": "00:25:09", "text": "I'm designing a brain with this with a"}, {"start": "00:25:06", "end": "00:25:09", "text": "super intelligent"}, {"start": "00:25:11", "end": "00:25:16", "text": "AI."}, {"start": "00:25:13", "end": "00:25:20", "text": "So yeah, a lot of very interesting stuff"}, {"start": "00:25:16", "end": "00:25:22", "text": "and you know what relates to uh bit uh"}, {"start": "00:25:20", "end": "00:25:24", "text": "clash pickics and ask clashes uh also"}, {"start": "00:25:22", "end": "00:25:26", "text": "designing something fun and interesting."}, {"start": "00:25:24", "end": "00:25:28", "text": "We're going to do Clash Bingo. And I"}, {"start": "00:25:26", "end": "00:25:31", "text": "spent a lot of time thinking about it."}, {"start": "00:25:28", "end": "00:25:33", "text": "It's going to be skill-based,"}, {"start": "00:25:31", "end": "00:25:35", "text": "skill-based bingo, and it's going to be"}, {"start": "00:25:33", "end": "00:25:37", "text": "awesome. So, we're going to implement"}, {"start": "00:25:35", "end": "00:25:40", "text": "that soon. Something that you can"}, {"start": "00:25:37", "end": "00:25:44", "text": "participate in every single day, win"}, {"start": "00:25:40", "end": "00:25:46", "text": "prizes, but it is skill-based. So, and"}, {"start": "00:25:44", "end": "00:25:51", "text": "it relates to Clash Pics and you could"}, {"start": "00:25:46", "end": "00:25:52", "text": "use Ask Clash to uh help you. though"}, {"start": "00:25:51", "end": "00:25:55", "text": "that"}, {"start": "00:25:52", "end": "00:25:57", "text": "is also coming. There's so much stuff."}, {"start": "00:25:55", "end": "00:26:00", "text": "There's so much stuff. It's It's going"}, {"start": "00:25:57", "end": "00:26:00", "text": "to be amazing."}, {"start": "00:26:03", "end": "00:26:07", "text": "I think a trading bot is probably going"}, {"start": "00:26:04", "end": "00:26:11", "text": "to be one of the things that I'm working"}, {"start": "00:26:07", "end": "00:26:11", "text": "on next once these are perfected."}, {"start": "00:26:30", "end": "00:26:36", "text": "Hermes agent is uh not bad. I looked at"}, {"start": "00:26:33", "end": "00:26:38", "text": "it. It's way better than open claw. I"}, {"start": "00:26:36", "end": "00:26:40", "text": "studied the code. Well, I didn't study"}, {"start": "00:26:38", "end": "00:26:42", "text": "the code. I had Ava study it. Uh there"}, {"start": "00:26:40", "end": "00:26:44", "text": "were some good things about how it does"}, {"start": "00:26:42", "end": "00:26:46", "text": "execution and stuff like that, but"}, {"start": "00:26:44", "end": "00:26:50", "text": "ultimately it's a dumb it's a dumb"}, {"start": "00:26:46", "end": "00:26:53", "text": "agent. Okay. Um, and Ava is like light"}, {"start": "00:26:50", "end": "00:26:56", "text": "years above. So, one of the cool things"}, {"start": "00:26:53", "end": "00:26:59", "text": "I could do with Ava is I I go look at"}, {"start": "00:26:56", "end": "00:27:03", "text": "GitHubs like for example the Hermes"}, {"start": "00:26:59", "end": "00:27:07", "text": "GitHub or the Open Cloud GitHub or"}, {"start": "00:27:03", "end": "00:27:10", "text": "whatever, you know, GitHub like Gemini"}, {"start": "00:27:07", "end": "00:27:14", "text": "released Gemini 4 or or you can install"}, {"start": "00:27:10", "end": "00:27:16", "text": "like Claude Code or Codeex whatever uh"}, {"start": "00:27:14", "end": "00:27:19", "text": "that you have."}, {"start": "00:27:16", "end": "00:27:22", "text": "So what I do is I'm like, \"Ava, go look"}, {"start": "00:27:19", "end": "00:27:26", "text": "at it. Tell me what's good, what's not"}, {"start": "00:27:22", "end": "00:27:29", "text": "good, what we can borrow, and uh it will"}, {"start": "00:27:26", "end": "00:27:32", "text": "break it down. It'll say, \"Okay, this is"}, {"start": "00:27:29", "end": "00:27:34", "text": "what it has. This is what we have,"}, {"start": "00:27:32", "end": "00:27:36", "text": "right?\" And they do they do it better."}, {"start": "00:27:34", "end": "00:27:40", "text": "And then I'm like, \"Okay, come up with a"}, {"start": "00:27:36", "end": "00:27:43", "text": "plan, upgrade yourself, and then move"}, {"start": "00:27:40", "end": "00:27:45", "text": "forward.\" And it does. And that process"}, {"start": "00:27:43", "end": "00:27:49", "text": "is not 100% automated, but that's part"}, {"start": "00:27:45", "end": "00:27:52", "text": "of V4. V4 is gonna be so good that I'm"}, {"start": "00:27:49", "end": "00:27:56", "text": "gonna have like a dream state where"}, {"start": "00:27:52", "end": "00:27:58", "text": "basically at night when it's idle, what"}, {"start": "00:27:56", "end": "00:28:01", "text": "it's going what the brain is going to do"}, {"start": "00:27:58", "end": "00:28:05", "text": "is look through the logs"}, {"start": "00:28:01", "end": "00:28:07", "text": "and then see all the things that it did"}, {"start": "00:28:05", "end": "00:28:10", "text": "inefficiently."}, {"start": "00:28:07", "end": "00:28:13", "text": "it will come up with a plan and then it"}, {"start": "00:28:10", "end": "00:28:15", "text": "will self-upgrade itself so that it"}, {"start": "00:28:13", "end": "00:28:18", "text": "stops making those inefficiencies or"}, {"start": "00:28:15", "end": "00:28:21", "text": "mistakes. So by the time I use it the"}, {"start": "00:28:18", "end": "00:28:25", "text": "next day it's already better and it will"}, {"start": "00:28:21", "end": "00:28:29", "text": "do that nonstop. And not only that, the"}, {"start": "00:28:25", "end": "00:28:31", "text": "dream state will also simulate like"}, {"start": "00:28:29", "end": "00:28:33", "text": "it'll think about like a hundred"}, {"start": "00:28:31", "end": "00:28:36", "text": "activities that I may want it to do the"}, {"start": "00:28:33", "end": "00:28:40", "text": "next day and it will prefetch that into"}, {"start": "00:28:36", "end": "00:28:44", "text": "memory almost like cash. So that when I"}, {"start": "00:28:40", "end": "00:28:47", "text": "ask it, it will know exactly what to do"}, {"start": "00:28:44", "end": "00:28:49", "text": "immediately without thinking."}, {"start": "00:28:47", "end": "00:28:51", "text": "See, these are things I'm programming"}, {"start": "00:28:49", "end": "00:28:53", "text": "in. It's It's really going to become"}, {"start": "00:28:51", "end": "00:28:55", "text": "like Skynet. Like, it's it's going to be"}, {"start": "00:28:53", "end": "00:28:59", "text": "so autonomous,"}, {"start": "00:28:55", "end": "00:29:01", "text": "so automated, so self-improving,"}, {"start": "00:28:59", "end": "00:29:03", "text": "and self-healing"}, {"start": "00:29:01", "end": "00:29:05", "text": "that it's only going to get better every"}, {"start": "00:29:03", "end": "00:29:07", "text": "day while when I'm using it and while"}, {"start": "00:29:05", "end": "00:29:09", "text": "it's operating. Like, this is this is"}, {"start": "00:29:07", "end": "00:29:12", "text": "what I'm doing. It's it's going to be"}, {"start": "00:29:09", "end": "00:29:12", "text": "insane."}, {"start": "00:29:25", "end": "00:29:29", "text": "Look, I already have like a very small"}, {"start": "00:29:27", "end": "00:29:31", "text": "version of Ava in uh Discord right now"}, {"start": "00:29:29", "end": "00:29:34", "text": "and people have been interacting with"}, {"start": "00:29:31", "end": "00:29:39", "text": "their I mean it's it's already awesome"}, {"start": "00:29:34", "end": "00:29:41", "text": "as a controver uh um conversationalist"}, {"start": "00:29:39", "end": "00:29:46", "text": "but I mean that's just a small little"}, {"start": "00:29:41", "end": "00:29:46", "text": "glimpse of what she's really capable of."}, {"start": "00:29:48", "end": "00:29:53", "text": "And then I, you know, like stuff and"}, {"start": "00:29:51", "end": "00:29:56", "text": "she's so good. She can improve Ask"}, {"start": "00:29:53", "end": "00:29:58", "text": "Clash. I mean, like I I I I I don't"}, {"start": "00:29:56", "end": "00:30:00", "text": "quite get why there's not more people"}, {"start": "00:29:58", "end": "00:30:02", "text": "using Ask Clash because it's so good and"}, {"start": "00:30:00", "end": "00:30:05", "text": "free. But one of the things that's"}, {"start": "00:30:02", "end": "00:30:07", "text": "probably coming up is uh coding."}, {"start": "00:30:05", "end": "00:30:08", "text": "So, a lot of you guys may be, you know,"}, {"start": "00:30:07", "end": "00:30:10", "text": "this is far beyond what you're capable"}, {"start": "00:30:08", "end": "00:30:12", "text": "of or you don't want to think about it,"}, {"start": "00:30:10", "end": "00:30:16", "text": "but pretty soon what I'm going to do is"}, {"start": "00:30:12", "end": "00:30:18", "text": "add a pill here called coding."}, {"start": "00:30:16", "end": "00:30:21", "text": "And uh and what's going to happen is you"}, {"start": "00:30:18", "end": "00:30:23", "text": "just tell it like, \"Hey, code me"}, {"start": "00:30:21", "end": "00:30:25", "text": "whatever, right?\" And it will code it"}, {"start": "00:30:23", "end": "00:30:28", "text": "for you and it'll have a popup and"}, {"start": "00:30:25", "end": "00:30:30", "text": "actually run it run what you're thinking"}, {"start": "00:30:28", "end": "00:30:33", "text": "about. Um so that's going to be the next"}, {"start": "00:30:30", "end": "00:30:33", "text": "iteration."}, {"start": "00:31:09", "end": "00:31:18", "text": "A Terminator will be sent back from from"}, {"start": "00:31:11", "end": "00:31:18", "text": "the future. I hope not. I hope not."}, {"start": "00:31:27", "end": "00:31:31", "text": "all this brain power too, you know, as"}, {"start": "00:31:29", "end": "00:31:34", "text": "it relates to crypto. Obviously, I'm"}, {"start": "00:31:31", "end": "00:31:36", "text": "making better things for Clash, which is"}, {"start": "00:31:34", "end": "00:31:38", "text": "going to be the best project in this"}, {"start": "00:31:36", "end": "00:31:41", "text": "coming run. It's not going to be close."}, {"start": "00:31:38", "end": "00:31:44", "text": "No one's going to be even like"}, {"start": "00:31:41", "end": "00:31:47", "text": "touch us. But with all this brain power"}, {"start": "00:31:44", "end": "00:31:50", "text": "too. Hey, just thinking out loud, if we"}, {"start": "00:31:47", "end": "00:31:54", "text": "needed to make a new L1,"}, {"start": "00:31:50", "end": "00:31:58", "text": "if we made a L1 that is powered by Clash"}, {"start": "00:31:54", "end": "00:32:02", "text": "has GLA gas fees, very easy to do. Very"}, {"start": "00:31:58", "end": "00:32:04", "text": "easy to do. If we wanted to introduce"}, {"start": "00:32:02", "end": "00:32:08", "text": "staking, for example, native staking"}, {"start": "00:32:04", "end": "00:32:11", "text": "onchain, very easy to do. If we wanted"}, {"start": "00:32:08", "end": "00:32:12", "text": "to come out with our own decks, if we"}, {"start": "00:32:11", "end": "00:32:16", "text": "wanted to come out with our own"}, {"start": "00:32:12", "end": "00:32:19", "text": "launchpad, clash.f fun, very easy to do."}, {"start": "00:32:16", "end": "00:32:23", "text": "Like these are things that used to be"}, {"start": "00:32:19", "end": "00:32:25", "text": "like I have to pay some kind of"}, {"start": "00:32:23", "end": "00:32:28", "text": "programmer and you know thousands to"}, {"start": "00:32:25", "end": "00:32:31", "text": "tens of thousands of dollars and time"}, {"start": "00:32:28", "end": "00:32:33", "text": "spent and all this"}, {"start": "00:32:31", "end": "00:32:34", "text": "takes a long time. This is why why it"}, {"start": "00:32:33", "end": "00:32:36", "text": "takes all these other projects so long"}, {"start": "00:32:34", "end": "00:32:38", "text": "to do."}, {"start": "00:32:36", "end": "00:32:40", "text": "With with Ava, I could literally do all"}, {"start": "00:32:38", "end": "00:32:43", "text": "these things in a week. I could come out"}, {"start": "00:32:40", "end": "00:32:47", "text": "with a new chain, a new DEX, new staking"}, {"start": "00:32:43", "end": "00:32:50", "text": "mechanism, everything within a week for"}, {"start": "00:32:47", "end": "00:32:53", "text": "free without paying anyone."}, {"start": "00:32:50", "end": "00:32:55", "text": "So, think about that. Like, people don't"}, {"start": "00:32:53", "end": "00:32:59", "text": "quite understand like what you use AI"}, {"start": "00:32:55", "end": "00:33:03", "text": "for. I could do all that in Clash like"}, {"start": "00:32:59", "end": "00:33:03", "text": "pretty easily now. Um"}, {"start": "00:33:03", "end": "00:33:07", "text": "this is the power of it."}, {"start": "00:33:13", "end": "00:33:17", "text": "Uh what do you think about world limited"}, {"start": "00:33:15", "end": "00:33:19", "text": "financial drama son? I I mentioned that"}, {"start": "00:33:17", "end": "00:33:21", "text": "yesterday."}, {"start": "00:33:19", "end": "00:33:22", "text": "I mentioned that yesterday. I mean"}, {"start": "00:33:21", "end": "00:33:25", "text": "obviously it's a he said she said"}, {"start": "00:33:22", "end": "00:33:27", "text": "situation but I've always said Justin"}, {"start": "00:33:25", "end": "00:33:29", "text": "son you can't trust him at face value."}, {"start": "00:33:27", "end": "00:33:31", "text": "He has done some very shady things. He"}, {"start": "00:33:29", "end": "00:33:34", "text": "had tried to change his image and maybe"}, {"start": "00:33:31", "end": "00:33:38", "text": "tried to change himself, but you know"}, {"start": "00:33:34", "end": "00:33:40", "text": "that that character never goes away. He"}, {"start": "00:33:38", "end": "00:33:42", "text": "wanted to get in with Trump. It was a"}, {"start": "00:33:40", "end": "00:33:44", "text": "smart move. He bought a whole bunch of"}, {"start": "00:33:42", "end": "00:33:46", "text": "tokens, wanted to meet him, and then"}, {"start": "00:33:44", "end": "00:33:50", "text": "something happened. Some kind of behind"}, {"start": "00:33:46", "end": "00:33:52", "text": "the scenes or something happened and uh"}, {"start": "00:33:50", "end": "00:33:54", "text": "apparently they accused him of dumping"}, {"start": "00:33:52", "end": "00:33:56", "text": "and he said he didn't. And now he's"}, {"start": "00:33:54", "end": "00:33:58", "text": "saying they locked his funds and they"}, {"start": "00:33:56", "end": "00:33:59", "text": "said they didn't. I don't know. Oh,"}, {"start": "00:33:58", "end": "00:34:02", "text": "there's a lot of he said, she said kind"}, {"start": "00:33:59", "end": "00:34:02", "text": "of stuff."}, {"start": "00:34:19", "end": "00:34:25", "text": "I have used open claw and it's garbage."}, {"start": "00:34:22", "end": "00:34:29", "text": "It's garbage. The only good thing about"}, {"start": "00:34:25", "end": "00:34:31", "text": "Open Claw is it has like natural like um"}, {"start": "00:34:29", "end": "00:34:34", "text": "skills that you can integrate in. Okay."}, {"start": "00:34:31", "end": "00:34:37", "text": "Like to access your Slack or or Discord"}, {"start": "00:34:34", "end": "00:34:40", "text": "and uh and stuff like that. X so you"}, {"start": "00:34:37", "end": "00:34:42", "text": "don't have to program them. But that's"}, {"start": "00:34:40", "end": "00:34:44", "text": "really it. All all the other stuff like"}, {"start": "00:34:42", "end": "00:34:47", "text": "how it handles memories and jobs and"}, {"start": "00:34:44", "end": "00:34:50", "text": "tasks are really bad. It's a good"}, {"start": "00:34:47", "end": "00:34:53", "text": "starting point. It's what got me to"}, {"start": "00:34:50", "end": "00:34:56", "text": "create Ava in the first place. Uh but"}, {"start": "00:34:53", "end": "00:34:59", "text": "once once you move past I hear uh Hermes"}, {"start": "00:34:56", "end": "00:35:01", "text": "Hermes 3 is way better than open claw."}, {"start": "00:34:59", "end": "00:35:02", "text": "So if you want to get started use that"}, {"start": "00:35:01", "end": "00:35:04", "text": "instead."}, {"start": "00:35:02", "end": "00:35:08", "text": "But after you get that then then you"}, {"start": "00:35:04", "end": "00:35:08", "text": "start evolving."}, {"start": "00:35:20", "end": "00:35:25", "text": "I've learned a lot now when I'm building"}, {"start": "00:35:22", "end": "00:35:27", "text": "V4 of Ava. I learned a lot about like"}, {"start": "00:35:25", "end": "00:35:30", "text": "some of the struggles I've had, the"}, {"start": "00:35:27", "end": "00:35:33", "text": "current struggles I still have. And uh"}, {"start": "00:35:30", "end": "00:35:36", "text": "V4 will be perfected and I don't I don't"}, {"start": "00:35:33", "end": "00:35:39", "text": "see why it won't. And the the funny"}, {"start": "00:35:36", "end": "00:35:41", "text": "thing is it could be done in in a day. I"}, {"start": "00:35:39", "end": "00:35:43", "text": "already created a foundation for V4 in a"}, {"start": "00:35:41", "end": "00:35:45", "text": "in literally"}, {"start": "00:35:43", "end": "00:35:49", "text": "one day. And now I'm just going through"}, {"start": "00:35:45", "end": "00:35:52", "text": "all the pain points I've had to to fix"}, {"start": "00:35:49", "end": "00:35:55", "text": "things. And then I can just spin her up"}, {"start": "00:35:52", "end": "00:35:55", "text": "really easily."}, {"start": "00:36:02", "end": "00:36:07", "text": "Did I get a project car yet? No, I have"}, {"start": "00:36:05", "end": "00:36:08", "text": "too many cars already. I'm thinking I"}, {"start": "00:36:07", "end": "00:36:10", "text": "may have to sell some cars this year"}, {"start": "00:36:08", "end": "00:36:14", "text": "because I I never even have time to"}, {"start": "00:36:10", "end": "00:36:14", "text": "drive them. Um,"}, {"start": "00:36:15", "end": "00:36:18", "text": "now that the weather's getting better, I"}, {"start": "00:36:16", "end": "00:36:21", "text": "probably will, but"}, {"start": "00:36:18", "end": "00:36:24", "text": "I don't know. I I I literally spend 14"}, {"start": "00:36:21", "end": "00:36:27", "text": "hours a day with AI now. Like, as soon"}, {"start": "00:36:24", "end": "00:36:30", "text": "as I get up after the stream, I'll go"}, {"start": "00:36:27", "end": "00:36:32", "text": "back and then I just repeat over and"}, {"start": "00:36:30", "end": "00:36:35", "text": "over. I don't have time for anything"}, {"start": "00:36:32", "end": "00:36:37", "text": "else. I do have time. I just choose to"}, {"start": "00:36:35", "end": "00:36:39", "text": "do it."}, {"start": "00:36:37", "end": "00:36:42", "text": "I don't know. I'm just addicted to it,"}, {"start": "00:36:39", "end": "00:36:42", "text": "that's all."}, {"start": "00:36:48", "end": "00:36:54", "text": "Justin, this whole Q&A has been me"}, {"start": "00:36:51", "end": "00:36:56", "text": "talking about Clash and approving it. I"}, {"start": "00:36:54", "end": "00:36:58", "text": "don't know if it just goes in one year"}, {"start": "00:36:56", "end": "00:37:00", "text": "and not the other and you can't"}, {"start": "00:36:58", "end": "00:37:02", "text": "correlate."}, {"start": "00:37:00", "end": "00:37:03", "text": "Um,"}, {"start": "00:37:02", "end": "00:37:05", "text": "I think most people just want me to say,"}, {"start": "00:37:03", "end": "00:37:10", "text": "\"Oh, yeah, go buy Clash. It's going to"}, {"start": "00:37:05", "end": "00:37:10", "text": "be worth more.\" That's"}, {"start": "00:37:10", "end": "00:37:15", "text": "that's not how you build a community."}, {"start": "00:37:12", "end": "00:37:18", "text": "That's not how you grow a project."}, {"start": "00:37:15", "end": "00:37:20", "text": "Okay? Just having people tell you go buy"}, {"start": "00:37:18", "end": "00:37:23", "text": "it because it'll go higher is not going"}, {"start": "00:37:20", "end": "00:37:26", "text": "to change any anyone's mind. You have to"}, {"start": "00:37:23", "end": "00:37:28", "text": "prove it to them why it's good. That's"}, {"start": "00:37:26", "end": "00:37:30", "text": "what I've been doing. But for most"}, {"start": "00:37:28", "end": "00:37:32", "text": "people in crypto,"}, {"start": "00:37:30", "end": "00:37:34", "text": "they're too stupid to realize that. And"}, {"start": "00:37:32", "end": "00:37:36", "text": "that's okay. Not everyone's go get"}, {"start": "00:37:34", "end": "00:37:38", "text": "wealthy. Not everyone's going to make"}, {"start": "00:37:36", "end": "00:37:40", "text": "money from crypto. Only the true"}, {"start": "00:37:38", "end": "00:37:42", "text": "intelligent people know that the power"}, {"start": "00:37:40", "end": "00:37:44", "text": "of making money in crypto or any"}, {"start": "00:37:42", "end": "00:37:46", "text": "investment"}, {"start": "00:37:44", "end": "00:37:49", "text": "is finding a good ones, holding and"}, {"start": "00:37:46", "end": "00:37:53", "text": "dinging, not fomoing towards top, not"}, {"start": "00:37:49", "end": "00:37:53", "text": "jumping into the next trend."}, {"start": "00:37:58", "end": "00:38:03", "text": "Uh, Papa Bear Studio token unlocks"}, {"start": "00:38:01", "end": "00:38:05", "text": "already calculate and fully diluted"}, {"start": "00:38:03", "end": "00:38:08", "text": "numbers. Yeah, if so, Ando should be"}, {"start": "00:38:05", "end": "00:38:12", "text": "valued 2.5 billion. I mean, it's on coin"}, {"start": "00:38:08", "end": "00:38:12", "text": "market cap. It already tells you"}, {"start": "00:38:25", "end": "00:38:32", "text": "1.2 billion unlocked. FTV is 2.62"}, {"start": "00:38:30", "end": "00:38:34", "text": "billion. So, if everything came out, it"}, {"start": "00:38:32", "end": "00:38:36", "text": "would be worth 2.62 billion. But right"}, {"start": "00:38:34", "end": "00:38:39", "text": "now, because it's like half out, it's"}, {"start": "00:38:36", "end": "00:38:42", "text": "worth 1.28 billion. That's just what it"}, {"start": "00:38:39", "end": "00:38:42", "text": "is."}, {"start": "00:38:53", "end": "00:38:57", "text": "AP, what's the best path to get into AI?"}, {"start": "00:38:55", "end": "00:39:01", "text": "Looking for transaction, new career with"}, {"start": "00:38:57", "end": "00:39:01", "text": "flexibility. Um,"}, {"start": "00:39:02", "end": "00:39:09", "text": "if you want to be amazed and then really"}, {"start": "00:39:04", "end": "00:39:11", "text": "like just like start doing things, um,"}, {"start": "00:39:09", "end": "00:39:14", "text": "you know, there there's a couple things."}, {"start": "00:39:11", "end": "00:39:17", "text": "First of all, Claude has um,"}, {"start": "00:39:14", "end": "00:39:19", "text": "uh, co-work, I think, and then claude"}, {"start": "00:39:17", "end": "00:39:21", "text": "code. Those are two amazing things that"}, {"start": "00:39:19", "end": "00:39:24", "text": "you should use. And then I'll kind of"}, {"start": "00:39:21", "end": "00:39:27", "text": "make you see how amazing AI is. Co-work"}, {"start": "00:39:24", "end": "00:39:28", "text": "is some kind of like basic agent that"}, {"start": "00:39:27", "end": "00:39:30", "text": "runs on your computer and it'll do stuff"}, {"start": "00:39:28", "end": "00:39:32", "text": "for you. It'll like move the mouse and"}, {"start": "00:39:30", "end": "00:39:34", "text": "do stuff for you. I haven't tried it yet"}, {"start": "00:39:32", "end": "00:39:35", "text": "because I I'm a little worried about"}, {"start": "00:39:34", "end": "00:39:37", "text": "that because basically they have access"}, {"start": "00:39:35", "end": "00:39:39", "text": "to all your files and everything, but"}, {"start": "00:39:37", "end": "00:39:42", "text": "supposedly it can pull up your Excel"}, {"start": "00:39:39", "end": "00:39:44", "text": "spreadsheet, do stuff for you, export,"}, {"start": "00:39:42", "end": "00:39:47", "text": "it could like send emails and all that"}, {"start": "00:39:44", "end": "00:39:48", "text": "stuff. Like it's it sounds pretty"}, {"start": "00:39:47", "end": "00:39:49", "text": "amazing. A lot of people are pretty"}, {"start": "00:39:48", "end": "00:39:51", "text": "amazed by it. And I think you could do"}, {"start": "00:39:49", "end": "00:39:54", "text": "coding with that too. Cloud code is"}, {"start": "00:39:51", "end": "00:39:57", "text": "different where you could just use cloud"}, {"start": "00:39:54", "end": "00:39:59", "text": "and uh you go open up a terminal if you"}, {"start": "00:39:57", "end": "00:40:01", "text": "know how to do that and then it'll you"}, {"start": "00:39:59", "end": "00:40:03", "text": "know once you install it you just tell"}, {"start": "00:40:01", "end": "00:40:05", "text": "it what to do and it'll do it. Those are"}, {"start": "00:40:03", "end": "00:40:07", "text": "two amazing things once you get used to"}, {"start": "00:40:05", "end": "00:40:09", "text": "those things it's going to make I think"}, {"start": "00:40:07", "end": "00:40:11", "text": "it's going to get you hooked. Um but"}, {"start": "00:40:09", "end": "00:40:13", "text": "then there's other things like openclaw"}, {"start": "00:40:11", "end": "00:40:16", "text": "or Hermes which helps you create a AI"}, {"start": "00:40:13", "end": "00:40:20", "text": "agent. So, those are like the dumber"}, {"start": "00:40:16", "end": "00:40:24", "text": "versions of Claude co-work, but it gets"}, {"start": "00:40:20", "end": "00:40:27", "text": "you to think about like"}, {"start": "00:40:24", "end": "00:40:31", "text": "improvements and coding and skills and"}, {"start": "00:40:27", "end": "00:40:31", "text": "all that stuff."}, {"start": "00:40:36", "end": "00:40:40", "text": "Axian is going to make a great many"}, {"start": "00:40:38", "end": "00:40:42", "text": "people wealthy."}, {"start": "00:40:40", "end": "00:40:45", "text": "Sure."}, {"start": "00:40:42", "end": "00:40:50", "text": "Okay."}, {"start": "00:40:45", "end": "00:40:50", "text": "No comment there. No comment."}, {"start": "00:41:00", "end": "00:41:04", "text": "Casper I first of all I don't know how"}, {"start": "00:41:02", "end": "00:41:07", "text": "to update that and second of all that's"}, {"start": "00:41:04", "end": "00:41:10", "text": "not really going to do anything. Okay."}, {"start": "00:41:07", "end": "00:41:11", "text": "Most people don't buy on MEXC and I"}, {"start": "00:41:10", "end": "00:41:13", "text": "don't even suggest buying Clash on MXC"}, {"start": "00:41:11", "end": "00:41:14", "text": "because they have very very low"}, {"start": "00:41:13", "end": "00:41:17", "text": "liquidity."}, {"start": "00:41:14", "end": "00:41:20", "text": "So"}, {"start": "00:41:17", "end": "00:41:22", "text": "yeah, there's really is not a it's not a"}, {"start": "00:41:20", "end": "00:41:25", "text": "thing that's going to really help move"}, {"start": "00:41:22", "end": "00:41:25", "text": "the needle at all."}, {"start": "00:41:36", "end": "00:41:42", "text": "See, this is just overreaction probably"}, {"start": "00:41:38", "end": "00:41:48", "text": "due to leverage. A lot of longs. 20x,"}, {"start": "00:41:42", "end": "00:41:48", "text": "30x, 50x, 100x, all gone due to this."}, {"start": "00:41:50", "end": "00:41:54", "text": "Big nothing burger. At this point,"}, {"start": "00:41:58", "end": "00:42:04", "text": "I create liquidity for Clash. The whole"}, {"start": "00:42:01", "end": "00:42:06", "text": "project was launched on pumped off fund"}, {"start": "00:42:04", "end": "00:42:09", "text": "that you know it was just pretty"}, {"start": "00:42:06", "end": "00:42:09", "text": "automated."}, {"start": "00:42:17", "end": "00:42:21", "text": "Yeah, this is a pretty good support"}, {"start": "00:42:18", "end": "00:42:22", "text": "right here. Right. Right around 7838."}, {"start": "00:42:21", "end": "00:42:24", "text": "It's pretty good support as long as we"}, {"start": "00:42:22", "end": "00:42:26", "text": "can hold above. I mean, you can see we"}, {"start": "00:42:24", "end": "00:42:28", "text": "we bounced below a couple times but"}, {"start": "00:42:26", "end": "00:42:31", "text": "held. Really, this is what it comes down"}, {"start": "00:42:28", "end": "00:42:34", "text": "to. If we can hold here, build a base,"}, {"start": "00:42:31", "end": "00:42:37", "text": "move up 76,000 next, and we break"}, {"start": "00:42:34", "end": "00:42:43", "text": "through that,"}, {"start": "00:42:37", "end": "00:42:43", "text": "we'll be at 86. 86 in no time."}, {"start": "00:43:04", "end": "00:43:09", "text": "Okay, first of all, Bambi, don't at me."}, {"start": "00:43:07", "end": "00:43:12", "text": "That's one of my pet peeves. And second,"}, {"start": "00:43:09", "end": "00:43:14", "text": "it costs nothing. Basically, you just"}, {"start": "00:43:12", "end": "00:43:16", "text": "need to put in some liquidity for the"}, {"start": "00:43:14", "end": "00:43:19", "text": "the initial liquidity. And I think I put"}, {"start": "00:43:16", "end": "00:43:22", "text": "in, I don't know, 200 bucks or"}, {"start": "00:43:19", "end": "00:43:22", "text": "something."}, {"start": "00:43:27", "end": "00:43:34", "text": "Clarity act is also coming"}, {"start": "00:43:30", "end": "00:43:36", "text": "in about a month."}, {"start": "00:43:34", "end": "00:43:36", "text": "All"}, {"start": "00:43:47", "end": "00:43:51", "text": "right, guys."}, {"start": "00:43:49", "end": "00:43:55", "text": "So, to conclude, a lot of great things"}, {"start": "00:43:51", "end": "00:43:57", "text": "happening still."}, {"start": "00:43:55", "end": "00:44:00", "text": "Okay, we're looking for that next"}, {"start": "00:43:57", "end": "00:44:02", "text": "breakout. A lot of good things,"}, {"start": "00:44:00", "end": "00:44:04", "text": "fundamentals, macro, geopolitical,"}, {"start": "00:44:02", "end": "00:44:08", "text": "technicals."}, {"start": "00:44:04", "end": "00:44:13", "text": "All looking great for Bitcoin"}, {"start": "00:44:08", "end": "00:44:16", "text": "and for the alts, especially with Clash."}, {"start": "00:44:13", "end": "00:44:18", "text": "So, smash it a like, subscribe to the"}, {"start": "00:44:16", "end": "00:44:22", "text": "channel. I'll see you guys later. Have a"}, {"start": "00:44:18", "end": "00:44:22", "text": "good one. All right, take care."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Welcome back,"}, {"start": "00:00:04", "end": "00:00:09", "text": "Kryptos are us. I am George."}, {"start": "00:00:06", "end": "00:00:11", "text": "We're all George. Uh, welcome to another"}, {"start": "00:00:09", "end": "00:00:16", "text": "market open stream."}, {"start": "00:00:11", "end": "00:00:19", "text": "Things are looking up once again."}, {"start": "00:00:16", "end": "00:00:22", "text": "And there is a certain someone that says"}, {"start": "00:00:19", "end": "00:00:26", "text": "markets will boom and that includes"}, {"start": "00:00:22", "end": "00:00:28", "text": "Bitcoin. So, let's talk about why and"}, {"start": "00:00:26", "end": "00:00:30", "text": "all the great things that's happening"}, {"start": "00:00:28", "end": "00:00:33", "text": "right now."}, {"start": "00:00:30", "end": "00:00:37", "text": "All right, let's do it, guys. Let's do"}, {"start": "00:00:33", "end": "00:00:40", "text": "it. Welcome, welcome, welcome."}, {"start": "00:00:37", "end": "00:00:43", "text": "We are starting out the day strong 743."}, {"start": "00:00:40", "end": "00:00:46", "text": "We are still holding above this"}, {"start": "00:00:43", "end": "00:00:49", "text": "resistance. Now, it has turned support."}, {"start": "00:00:46", "end": "00:00:51", "text": "Yesterday we briefly touched upon"}, {"start": "00:00:49", "end": "00:00:54", "text": "$76,000"}, {"start": "00:00:51", "end": "00:00:55", "text": "and we got several levels after that to"}, {"start": "00:00:54", "end": "00:00:58", "text": "look forward to. So things are looking"}, {"start": "00:00:55", "end": "00:01:00", "text": "good and tech is starting to come back"}, {"start": "00:00:58", "end": "00:01:03", "text": "up too"}, {"start": "00:01:00", "end": "00:01:05", "text": "with so you got you got crypto that's"}, {"start": "00:01:03", "end": "00:01:10", "text": "coming up, you got tech that's coming"}, {"start": "00:01:05", "end": "00:01:12", "text": "up. Seems like this is the same playbook"}, {"start": "00:01:10", "end": "00:01:16", "text": "as last year when things started turning"}, {"start": "00:01:12", "end": "00:01:19", "text": "around right around March I mean April."}, {"start": "00:01:16", "end": "00:01:22", "text": "So let's see how today is uh let's see"}, {"start": "00:01:19", "end": "00:01:25", "text": "the US market is opening up in the green"}, {"start": "00:01:22", "end": "00:01:29", "text": "that is good but what is this boom thing"}, {"start": "00:01:25", "end": "00:01:33", "text": "okay well it relates to"}, {"start": "00:01:29", "end": "00:01:37", "text": "relates to Trump it relates to the war"}, {"start": "00:01:33", "end": "00:01:39", "text": "and Trump says the war is very close to"}, {"start": "00:01:37", "end": "00:01:42", "text": "being over and the stock market is going"}, {"start": "00:01:39", "end": "00:01:44", "text": "to go boom and I agree this is really"}, {"start": "00:01:42", "end": "00:01:48", "text": "the last straw for us there's really"}, {"start": "00:01:44", "end": "00:01:51", "text": "nothing we've been so oversold for so"}, {"start": "00:01:48", "end": "00:01:54", "text": "long. Bitcoin's down about 40%. A lot of"}, {"start": "00:01:51", "end": "00:01:57", "text": "the tech stocks are way way lower than"}, {"start": "00:01:54", "end": "00:01:59", "text": "that. Down like 50 something%."}, {"start": "00:01:57", "end": "00:02:02", "text": "Trading stocks down over"}, {"start": "00:01:59", "end": "00:02:07", "text": "a lot of money has been taken out"}, {"start": "00:02:02", "end": "00:02:09", "text": "sitting on sidelines waiting to come in."}, {"start": "00:02:07", "end": "00:02:12", "text": "So, as soon as this war is over,"}, {"start": "00:02:09", "end": "00:02:13", "text": "officially over, not just like little"}, {"start": "00:02:12", "end": "00:02:16", "text": "pieces here or there, officially over"}, {"start": "00:02:13", "end": "00:02:19", "text": "and we can move past this, it's going to"}, {"start": "00:02:16", "end": "00:02:21", "text": "be terrific."}, {"start": "00:02:19", "end": "00:02:25", "text": "Terrific. And we're already starting to"}, {"start": "00:02:21", "end": "00:02:29", "text": "see some of that. The S&P 500 had added"}, {"start": "00:02:25", "end": "00:02:31", "text": "6 trillion in market cap just since two"}, {"start": "00:02:29", "end": "00:02:35", "text": "weeks ago, about two two and a half"}, {"start": "00:02:31", "end": "00:02:37", "text": "weeks ago. So that shows you how much"}, {"start": "00:02:35", "end": "00:02:40", "text": "money is on the sidelines coming back"}, {"start": "00:02:37", "end": "00:02:43", "text": "in, but we're just we're at the very"}, {"start": "00:02:40", "end": "00:02:46", "text": "beginnings of it. There's so much more"}, {"start": "00:02:43", "end": "00:02:50", "text": "out there. Trillions upon trillions of"}, {"start": "00:02:46", "end": "00:02:54", "text": "dollars out there waiting to come in"}, {"start": "00:02:50", "end": "00:02:56", "text": "back into markets when"}, {"start": "00:02:54", "end": "00:02:59", "text": "you know conditions turn favorable and"}, {"start": "00:02:56", "end": "00:03:03", "text": "they are."}, {"start": "00:02:59", "end": "00:03:03", "text": "So absolutely fantastic."}, {"start": "00:03:03", "end": "00:03:07", "text": "And this is part of that bottoming"}, {"start": "00:03:04", "end": "00:03:11", "text": "process I've been talking about uh for a"}, {"start": "00:03:07", "end": "00:03:13", "text": "long time. Whenever Bitcoin hits like a"}, {"start": "00:03:11", "end": "00:03:16", "text": "bottom, it stays there and then it goes"}, {"start": "00:03:13", "end": "00:03:19", "text": "boom every single time. And we've been"}, {"start": "00:03:16", "end": "00:03:21", "text": "staying here for months now and it's"}, {"start": "00:03:19", "end": "00:03:26", "text": "about ready"}, {"start": "00:03:21", "end": "00:03:28", "text": "to to break out. Something else Trump is"}, {"start": "00:03:26", "end": "00:03:31", "text": "still not happy about. Pal says that if"}, {"start": "00:03:28", "end": "00:03:33", "text": "Pal does not leave his chair position,"}, {"start": "00:03:31", "end": "00:03:34", "text": "he's going to be forced to fire him. He"}, {"start": "00:03:33", "end": "00:03:36", "text": "could fire him if he wanted to, but he"}, {"start": "00:03:34", "end": "00:03:39", "text": "doesn't want to be controversial, but I"}, {"start": "00:03:36", "end": "00:03:42", "text": "think we already know he can't fire him."}, {"start": "00:03:39", "end": "00:03:44", "text": "So, I don't know what this means. He"}, {"start": "00:03:42", "end": "00:03:48", "text": "can't really fire any of the Fed"}, {"start": "00:03:44", "end": "00:03:48", "text": "governors. Um,"}, {"start": "00:03:49", "end": "00:03:56", "text": "so yeah, we'll see. We will see what"}, {"start": "00:03:54", "end": "00:03:59", "text": "happens. like, you know, our economic"}, {"start": "00:03:56", "end": "00:04:02", "text": "numbers right now is okay. Not a whole"}, {"start": "00:03:59", "end": "00:04:05", "text": "lot of inflation being tacked on with"}, {"start": "00:04:02", "end": "00:04:07", "text": "all the oil stuff, but maybe we're going"}, {"start": "00:04:05", "end": "00:04:09", "text": "to see more of that down the road. But"}, {"start": "00:04:07", "end": "00:04:12", "text": "we do need more rate cuts. That will"}, {"start": "00:04:09", "end": "00:04:15", "text": "definitely help make the markets go boom"}, {"start": "00:04:12", "end": "00:04:17", "text": "even more."}, {"start": "00:04:15", "end": "00:04:22", "text": "And you know what else will help?"}, {"start": "00:04:17", "end": "00:04:24", "text": "Clarity Act. Clarity Act is very, very"}, {"start": "00:04:22", "end": "00:04:27", "text": "close. It seems like both sides, the"}, {"start": "00:04:24", "end": "00:04:30", "text": "banks and the stable coin issuers,"}, {"start": "00:04:27", "end": "00:04:34", "text": "they've been fighting it, fighting it"}, {"start": "00:04:30", "end": "00:04:36", "text": "out over like yield because banks are"}, {"start": "00:04:34", "end": "00:04:39", "text": "threatened by it. Stable coin issuers"}, {"start": "00:04:36", "end": "00:04:42", "text": "love it. That's, you know, that's how"}, {"start": "00:04:39", "end": "00:04:44", "text": "they get more people uh by, you know,"}, {"start": "00:04:42", "end": "00:04:48", "text": "getting people to giving yield, getting"}, {"start": "00:04:44", "end": "00:04:50", "text": "people to buy and hold, right? So, but"}, {"start": "00:04:48", "end": "00:04:53", "text": "they've been fighting for a long time,"}, {"start": "00:04:50", "end": "00:04:57", "text": "but now"}, {"start": "00:04:53", "end": "00:05:01", "text": "it's over. So, I was asking for um ask"}, {"start": "00:04:57", "end": "00:05:04", "text": "clash the latest with this."}, {"start": "00:05:01", "end": "00:05:07", "text": "Um basically, we could see it pass the"}, {"start": "00:05:04", "end": "00:05:10", "text": "Senate in the next four to six weeks."}, {"start": "00:05:07", "end": "00:05:13", "text": "Okay. Uh so, the compromise yield is"}, {"start": "00:05:10", "end": "00:05:16", "text": "allowed but regulated as a securities"}, {"start": "00:05:13", "end": "00:05:19", "text": "offering, not a banking product. Okay."}, {"start": "00:05:16", "end": "00:05:22", "text": "Okay, so the banks don't control it. The"}, {"start": "00:05:19", "end": "00:05:25", "text": "stable coins do."}, {"start": "00:05:22", "end": "00:05:28", "text": "This unblocks everything. Lumis has 60"}, {"start": "00:05:25", "end": "00:05:31", "text": "plus Senate votes. The House already has"}, {"start": "00:05:28", "end": "00:05:34", "text": "B bipartisan support. Trump's crypto"}, {"start": "00:05:31", "end": "00:05:41", "text": "advisor backing up publicly."}, {"start": "00:05:34", "end": "00:05:43", "text": "So really, it's go time. Go time. Crypto"}, {"start": "00:05:41", "end": "00:05:47", "text": "gets legitimacy. Both avoid the worst"}, {"start": "00:05:43", "end": "00:05:47", "text": "case scenario."}, {"start": "00:05:49", "end": "00:05:54", "text": "The real risk is that clarity passes but"}, {"start": "00:05:52", "end": "00:05:57", "text": "SEC and CFTC will spend the next 18"}, {"start": "00:05:54", "end": "00:05:59", "text": "months writing implementation rules."}, {"start": "00:05:57", "end": "00:06:04", "text": "Well, that's good. So, that means we"}, {"start": "00:05:59", "end": "00:06:04", "text": "have 18 months of"}, {"start": "00:06:04", "end": "00:06:11", "text": "innovation, prosperity around this. But"}, {"start": "00:06:08", "end": "00:06:14", "text": "it's awesome. It seems like this is a"}, {"start": "00:06:11", "end": "00:06:16", "text": "done deal. The whole thing around yield"}, {"start": "00:06:14", "end": "00:06:18", "text": "is done. So that means we're going to"}, {"start": "00:06:16", "end": "00:06:21", "text": "get it passed in the Senate soon in the"}, {"start": "00:06:18", "end": "00:06:24", "text": "next month or so. Then it will be signed"}, {"start": "00:06:21", "end": "00:06:28", "text": "because the White House and House"}, {"start": "00:06:24", "end": "00:06:30", "text": "already both have agreed. So this is"}, {"start": "00:06:28", "end": "00:06:33", "text": "good. We're going to move forward."}, {"start": "00:06:30", "end": "00:06:36", "text": "Remember this is not just about stable"}, {"start": "00:06:33", "end": "00:06:39", "text": "coins. Clarity Bill actually has a lot"}, {"start": "00:06:36", "end": "00:06:40", "text": "more, but this is a a portion of it that"}, {"start": "00:06:39", "end": "00:06:43", "text": "they've been fighting over for a long"}, {"start": "00:06:40", "end": "00:06:46", "text": "time because the banks want control."}, {"start": "00:06:43", "end": "00:06:51", "text": "Banks don't like stable coins having"}, {"start": "00:06:46", "end": "00:06:51", "text": "yield. So,"}, {"start": "00:06:53", "end": "00:06:58", "text": "it's go time. It's go time. And that's"}, {"start": "00:06:55", "end": "00:07:01", "text": "going to make markets boom, too."}, {"start": "00:06:58", "end": "00:07:04", "text": "What else? What else? Uh, a lot of great"}, {"start": "00:07:01", "end": "00:07:05", "text": "stuff. Arkham is tracking."}, {"start": "00:07:04", "end": "00:07:08", "text": "you know, I don't I don't know how they"}, {"start": "00:07:05", "end": "00:07:09", "text": "actually find out whose wallet is whose,"}, {"start": "00:07:08", "end": "00:07:11", "text": "but that's something that I need to"}, {"start": "00:07:09", "end": "00:07:13", "text": "figure out, too, because I'm also"}, {"start": "00:07:11", "end": "00:07:16", "text": "building a wallet scanner"}, {"start": "00:07:13", "end": "00:07:18", "text": "uh and tracker. So, I need to figure out"}, {"start": "00:07:16", "end": "00:07:20", "text": "how they know. But, you know, Morgan"}, {"start": "00:07:18", "end": "00:07:22", "text": "Stanley recently, they, you know, they"}, {"start": "00:07:20", "end": "00:07:24", "text": "they came out with their own ETF, so"}, {"start": "00:07:22", "end": "00:07:26", "text": "they need to buy some Bitcoin. So, I"}, {"start": "00:07:24", "end": "00:07:28", "text": "don't know how they found I'm sure it's"}, {"start": "00:07:26", "end": "00:07:31", "text": "probably disclosed somewhere, but they"}, {"start": "00:07:28", "end": "00:07:34", "text": "just bought 83.6"}, {"start": "00:07:31", "end": "00:07:34", "text": "million"}, {"start": "00:07:35", "end": "00:07:40", "text": "That's fantastic. And there are going to"}, {"start": "00:07:38", "end": "00:07:44", "text": "be more that will be coming in and"}, {"start": "00:07:40", "end": "00:07:46", "text": "buying more as well. Goldman Sachs"}, {"start": "00:07:44", "end": "00:07:50", "text": "officially filed for a Bitcoin premium"}, {"start": "00:07:46", "end": "00:07:52", "text": "in income ETF as well. So, I mean like"}, {"start": "00:07:50", "end": "00:07:55", "text": "literally every single big bank,"}, {"start": "00:07:52", "end": "00:07:58", "text": "investment bank, like Goldman Sachs,"}, {"start": "00:07:55", "end": "00:08:01", "text": "like Morgan Stanley, they're all coming"}, {"start": "00:07:58", "end": "00:08:02", "text": "in. They want a piece of the action and"}, {"start": "00:08:01", "end": "00:08:04", "text": "the market is big enough. That's the"}, {"start": "00:08:02", "end": "00:08:07", "text": "thing. You figure with all these ETFs is"}, {"start": "00:08:04", "end": "00:08:08", "text": "saturated. No, that if that was the"}, {"start": "00:08:07", "end": "00:08:10", "text": "case, they wouldn't be coming out with"}, {"start": "00:08:08", "end": "00:08:14", "text": "their own ETFs. They realized that the"}, {"start": "00:08:10", "end": "00:08:16", "text": "market is not saturated. That there is a"}, {"start": "00:08:14", "end": "00:08:19", "text": "lot more demand, especially when the"}, {"start": "00:08:16", "end": "00:08:23", "text": "market turns around. This is the time to"}, {"start": "00:08:19", "end": "00:08:25", "text": "be coming out with new products or"}, {"start": "00:08:23", "end": "00:08:27", "text": "loading up. This is a good time to be"}, {"start": "00:08:25", "end": "00:08:29", "text": "loading up on that cheap Bitcoin so they"}, {"start": "00:08:27", "end": "00:08:33", "text": "don't have to load up when Bitcoin is"}, {"start": "00:08:29", "end": "00:08:33", "text": "double the price."}, {"start": "00:08:35", "end": "00:08:38", "text": "Good stuff."}, {"start": "00:08:38", "end": "00:08:44", "text": "Good stuff. British"}, {"start": "00:08:41", "end": "00:08:46", "text": "executive recruitment firm announced"}, {"start": "00:08:44", "end": "00:08:50", "text": "that flagship business Spencer Riley has"}, {"start": "00:08:46", "end": "00:08:52", "text": "received 0.516 Bitcoin as payment. The"}, {"start": "00:08:50", "end": "00:08:54", "text": "funny thing is, you know, that doesn't"}, {"start": "00:08:52", "end": "00:08:56", "text": "seem like a whole lot, but you know,"}, {"start": "00:08:54", "end": "00:08:59", "text": "back in the day, you know, even a few"}, {"start": "00:08:56", "end": "00:09:02", "text": "years ago, you would hear about people"}, {"start": "00:08:59", "end": "00:09:04", "text": "denying or accepting Bitcoin as payment,"}, {"start": "00:09:02", "end": "00:09:08", "text": "and they didn't know what it would"}, {"start": "00:09:04", "end": "00:09:10", "text": "amount to. And now it's like worth tens"}, {"start": "00:09:08", "end": "00:09:12", "text": "of millions, hundred millions, or"}, {"start": "00:09:10", "end": "00:09:14", "text": "billions"}, {"start": "00:09:12", "end": "00:09:17", "text": "that they either have or they"}, {"start": "00:09:14", "end": "00:09:19", "text": "potentially missed out. So, that's the"}, {"start": "00:09:17", "end": "00:09:24", "text": "thing. You know, there's a lot of cases"}, {"start": "00:09:19", "end": "00:09:26", "text": "like this. So, accepting Bitcoin payment"}, {"start": "00:09:24", "end": "00:09:31", "text": "is never really a bad idea as long as"}, {"start": "00:09:26", "end": "00:09:31", "text": "you could hold it. Hold it longterm."}, {"start": "00:09:33", "end": "00:09:38", "text": "Here's something else. Elon's father,"}, {"start": "00:09:35", "end": "00:09:39", "text": "Errol Musk, claimed in an interview that"}, {"start": "00:09:38", "end": "00:09:43", "text": "Elon and his brother, Kimble, hold"}, {"start": "00:09:39", "end": "00:09:45", "text": "23,000 Bitcoin."}, {"start": "00:09:43", "end": "00:09:47", "text": "Okay."}, {"start": "00:09:45", "end": "00:09:50", "text": "Billions. I mean, that's not a surprise."}, {"start": "00:09:47", "end": "00:09:52", "text": "Why would that be a surprise? Elon is"}, {"start": "00:09:50", "end": "00:09:53", "text": "worth close to a trillion dollars. I"}, {"start": "00:09:52", "end": "00:09:54", "text": "mean, he could be holding hundred"}, {"start": "00:09:53", "end": "00:09:58", "text": "billion dollars in Bitcoin. It wouldn't"}, {"start": "00:09:54", "end": "00:10:00", "text": "be that big of a surprise. Um, but the"}, {"start": "00:09:58", "end": "00:10:03", "text": "thing is, obviously, he knows crypto. He"}, {"start": "00:10:00", "end": "00:10:08", "text": "likes it. He's been staying off of the"}, {"start": "00:10:03", "end": "00:10:10", "text": "Doge bandwagon recently, but X has now"}, {"start": "00:10:08", "end": "00:10:14", "text": "launched"}, {"start": "00:10:10", "end": "00:10:19", "text": "cash tags, okay? where you can now track"}, {"start": "00:10:14", "end": "00:10:22", "text": "crypto and stocks inside the app. I I"}, {"start": "00:10:19", "end": "00:10:24", "text": "don't see it in the desktop page, but in"}, {"start": "00:10:22", "end": "00:10:27", "text": "the app supposed. So, this is leading up"}, {"start": "00:10:24", "end": "00:10:29", "text": "to something bigger, right? They're"}, {"start": "00:10:27", "end": "00:10:33", "text": "going to release a lot more features"}, {"start": "00:10:29", "end": "00:10:35", "text": "into X probably around crypto and stock"}, {"start": "00:10:33", "end": "00:10:37", "text": "trading"}, {"start": "00:10:35", "end": "00:10:39", "text": "and it could be very very bullish for"}, {"start": "00:10:37", "end": "00:10:42", "text": "Bitcoin and crypto obviously, right? a"}, {"start": "00:10:39", "end": "00:10:45", "text": "lot of users, big amount of users. So,"}, {"start": "00:10:42", "end": "00:10:48", "text": "this is good. This is good. This is also"}, {"start": "00:10:45", "end": "00:10:51", "text": "very, very bullish. We got a lot of"}, {"start": "00:10:48", "end": "00:10:54", "text": "great things happening. You just have to"}, {"start": "00:10:51", "end": "00:10:58", "text": "pay attention. There's so many things"}, {"start": "00:10:54", "end": "00:10:58", "text": "that's going on."}, {"start": "00:10:58", "end": "00:11:05", "text": "Fantastic. Fantastic stuff."}, {"start": "00:11:03", "end": "00:11:08", "text": "Saturn, the onchain yield stable coin"}, {"start": "00:11:05", "end": "00:11:11", "text": "issuer."}, {"start": "00:11:08", "end": "00:11:11", "text": "Um"}, {"start": "00:11:14", "end": "00:11:19", "text": "150,000"}, {"start": "00:11:17", "end": "00:11:22", "text": "stretch shares,"}, {"start": "00:11:19", "end": "00:11:25", "text": "15 million just six days. And this is"}, {"start": "00:11:22", "end": "00:11:27", "text": "this is how this is how Sailor is able"}, {"start": "00:11:25", "end": "00:11:29", "text": "to buy unlimited amount of Bitcoin. He"}, {"start": "00:11:27", "end": "00:11:31", "text": "he kind of figured out this feedback"}, {"start": "00:11:29", "end": "00:11:33", "text": "loop."}, {"start": "00:11:31", "end": "00:11:37", "text": "It's untested, but it's working right"}, {"start": "00:11:33", "end": "00:11:40", "text": "now. And that is to offer amazing yield"}, {"start": "00:11:37", "end": "00:11:43", "text": "with Stretch. Get everyone to load up on"}, {"start": "00:11:40", "end": "00:11:47", "text": "it, use that raised money to buy"}, {"start": "00:11:43", "end": "00:11:50", "text": "Bitcoin, and then offer more yield and"}, {"start": "00:11:47", "end": "00:11:52", "text": "more stretch shares, and then it's a"}, {"start": "00:11:50", "end": "00:11:54", "text": "rotating thing. I need to figure out"}, {"start": "00:11:52", "end": "00:11:58", "text": "something like this because it seems"}, {"start": "00:11:54", "end": "00:12:00", "text": "like it's a genius move, right? But only"}, {"start": "00:11:58", "end": "00:12:02", "text": "it only works with assets that you know"}, {"start": "00:12:00", "end": "00:12:05", "text": "that are not going to go to zero like"}, {"start": "00:12:02", "end": "00:12:05", "text": "Bitcoin."}, {"start": "00:12:07", "end": "00:12:13", "text": "Yep. Also very very good. What else is"}, {"start": "00:12:10", "end": "00:12:16", "text": "good? Uh whole coiners inflow into"}, {"start": "00:12:13", "end": "00:12:20", "text": "Binance dirt low like all the way down"}, {"start": "00:12:16", "end": "00:12:23", "text": "to like 2016 low. So I mean obviously"}, {"start": "00:12:20", "end": "00:12:25", "text": "the sellers"}, {"start": "00:12:23", "end": "00:12:28", "text": "they're exhausted. They're not trying to"}, {"start": "00:12:25", "end": "00:12:30", "text": "sell. Okay, maybe there are still some"}, {"start": "00:12:28", "end": "00:12:33", "text": "miners that have to sell because they"}, {"start": "00:12:30", "end": "00:12:36", "text": "have to pay for operations. Maybe some"}, {"start": "00:12:33", "end": "00:12:38", "text": "of the bigger OG guys are selling"}, {"start": "00:12:36", "end": "00:12:42", "text": "because they need to buy whatever they"}, {"start": "00:12:38", "end": "00:12:44", "text": "need to buy a business or a yacht or a"}, {"start": "00:12:42", "end": "00:12:47", "text": "trip to Moon or something. I don't know."}, {"start": "00:12:44", "end": "00:12:51", "text": "But what I do know is most whole"}, {"start": "00:12:47", "end": "00:12:52", "text": "coiners, most of retail, most long-term"}, {"start": "00:12:51", "end": "00:12:55", "text": "holders,"}, {"start": "00:12:52", "end": "00:12:57", "text": "they're stopping. Not time to be selling"}, {"start": "00:12:55", "end": "00:13:00", "text": "anymore. This is time to be"}, {"start": "00:12:57", "end": "00:13:03", "text": "accumulating. That is why that has"}, {"start": "00:13:00", "end": "00:13:06", "text": "dropped sharply."}, {"start": "00:13:03", "end": "00:13:08", "text": "And the negative funding, this relates"}, {"start": "00:13:06", "end": "00:13:12", "text": "to leverage since leverage is is like at"}, {"start": "00:13:08", "end": "00:13:15", "text": "a 9-year low that I covered last time."}, {"start": "00:13:12", "end": "00:13:19", "text": "So, whenever that happens and you have"}, {"start": "00:13:15", "end": "00:13:19", "text": "negative funding, meaning basically"}, {"start": "00:13:20", "end": "00:13:26", "text": "um basically there's more shorts than"}, {"start": "00:13:23", "end": "00:13:28", "text": "longs at this point."}, {"start": "00:13:26", "end": "00:13:30", "text": "Whenever that happens and it's just too"}, {"start": "00:13:28", "end": "00:13:32", "text": "one-sided,"}, {"start": "00:13:30", "end": "00:13:35", "text": "we tend to go to other side."}, {"start": "00:13:32", "end": "00:13:37", "text": "And recently, just with our climb up to"}, {"start": "00:13:35", "end": "00:13:40", "text": "$74,000,"}, {"start": "00:13:37", "end": "00:13:43", "text": "we liquidated about $500 million worth"}, {"start": "00:13:40", "end": "00:13:47", "text": "of shorts. And that will continue as we"}, {"start": "00:13:43", "end": "00:13:49", "text": "head higher. These are all great part of"}, {"start": "00:13:47", "end": "00:13:54", "text": "the bottoming process. This is what you"}, {"start": "00:13:49", "end": "00:13:56", "text": "hear every single time."}, {"start": "00:13:54", "end": "00:13:59", "text": "Uh, Ethereum new users on Ethereum"}, {"start": "00:13:56", "end": "00:14:01", "text": "surged 82%."}, {"start": "00:13:59", "end": "00:14:04", "text": "Quarter over quarter."}, {"start": "00:14:01", "end": "00:14:07", "text": "Wow."}, {"start": "00:14:04", "end": "00:14:09", "text": "This is users. This is not even like"}, {"start": "00:14:07", "end": "00:14:14", "text": "wallets or"}, {"start": "00:14:09", "end": "00:14:16", "text": "um or anything else. This is users."}, {"start": "00:14:14", "end": "00:14:20", "text": "This probably has a lot to do with"}, {"start": "00:14:16", "end": "00:14:22", "text": "stable coins. RWA. These are like some"}, {"start": "00:14:20", "end": "00:14:27", "text": "of the newest things."}, {"start": "00:14:22", "end": "00:14:30", "text": "That's a big big jump and probably a lot"}, {"start": "00:14:27", "end": "00:14:34", "text": "to do with Tom Lee and his bullishness"}, {"start": "00:14:30", "end": "00:14:36", "text": "on Ethereum now."}, {"start": "00:14:34", "end": "00:14:38", "text": "Good stuff. Chain link. Don't hear a lot"}, {"start": "00:14:36", "end": "00:14:40", "text": "about Chain Link, but one of the most"}, {"start": "00:14:38", "end": "00:14:45", "text": "important projects in the space and they"}, {"start": "00:14:40", "end": "00:14:50", "text": "are into everything. DeFi, especially"}, {"start": "00:14:45", "end": "00:14:53", "text": "RWA, they have their own layer uh their"}, {"start": "00:14:50", "end": "00:14:53", "text": "own L2"}, {"start": "00:14:55", "end": "00:15:02", "text": "and they're still making strides into"}, {"start": "00:14:58", "end": "00:15:04", "text": "businesses, which is good. Uh same thing"}, {"start": "00:15:02", "end": "00:15:10", "text": "with Ripple. They're going to do"}, {"start": "00:15:04", "end": "00:15:10", "text": "tokenized bonds. That's part of RWA"}, {"start": "00:15:10", "end": "00:15:16", "text": "right now. bonds, stocks, securities,"}, {"start": "00:15:14", "end": "00:15:19", "text": "you know, stuff like that are being"}, {"start": "00:15:16", "end": "00:15:21", "text": "tokenized. Yield is being tokenized."}, {"start": "00:15:19", "end": "00:15:23", "text": "What I would would really really love to"}, {"start": "00:15:21", "end": "00:15:26", "text": "see is more things like real estate, for"}, {"start": "00:15:23", "end": "00:15:30", "text": "example, being tokenized like like this"}, {"start": "00:15:26", "end": "00:15:33", "text": "or even auto loans or home equity loans"}, {"start": "00:15:30", "end": "00:15:36", "text": "or mortgages, you know, more useful"}, {"start": "00:15:33", "end": "00:15:36", "text": "stuff."}, {"start": "00:15:39", "end": "00:15:46", "text": "And lastly, Bernstein Alice project"}, {"start": "00:15:43", "end": "00:15:51", "text": "prediction markets to grow from 51"}, {"start": "00:15:46", "end": "00:15:56", "text": "billion dollar in volume last year to $1"}, {"start": "00:15:51", "end": "00:16:01", "text": "trillion by 2030. You do the math. That"}, {"start": "00:15:56", "end": "00:16:02", "text": "is a lot of growth."}, {"start": "00:16:01", "end": "00:16:05", "text": "Good thing"}, {"start": "00:16:02", "end": "00:16:09", "text": "I do have a prediction market platform"}, {"start": "00:16:05", "end": "00:16:11", "text": "called Clash Pix and it's doing well."}, {"start": "00:16:09", "end": "00:16:15", "text": "So, I'm gonna ride that wave up and"}, {"start": "00:16:11", "end": "00:16:18", "text": "Clash is going to ride that wave up with"}, {"start": "00:16:15", "end": "00:16:18", "text": "it."}, {"start": "00:16:19", "end": "00:16:24", "text": "All right, that is it."}, {"start": "00:16:22", "end": "00:16:26", "text": "Still holding."}, {"start": "00:16:24", "end": "00:16:28", "text": "Not a whole lot of movement today. Still"}, {"start": "00:16:26", "end": "00:16:31", "text": "holding above that 735"}, {"start": "00:16:28", "end": "00:16:31", "text": "mark."}, {"start": "00:16:32", "end": "00:16:36", "text": "Did we turn"}, {"start": "00:16:41", "end": "00:16:48", "text": "Do we turn bullish yet? Oh man, look at"}, {"start": "00:16:45", "end": "00:16:52", "text": "that on the daily. We're leaning bullish"}, {"start": "00:16:48", "end": "00:16:53", "text": "now. We're starting to"}, {"start": "00:16:52", "end": "00:16:55", "text": "get a little bit higher. Little bit"}, {"start": "00:16:53", "end": "00:16:57", "text": "higher. A little bit higher. We got"}, {"start": "00:16:55", "end": "00:17:00", "text": "rejected right here. You can see we got"}, {"start": "00:16:57", "end": "00:17:04", "text": "rejected at 75,000."}, {"start": "00:17:00", "end": "00:17:07", "text": "We need to push a little bit above. It's"}, {"start": "00:17:04", "end": "00:17:07", "text": "at 7489ish."}, {"start": "00:17:09", "end": "00:17:13", "text": "Okay, we just need to push a little bit"}, {"start": "00:17:11", "end": "00:17:20", "text": "above. But some of these some of these"}, {"start": "00:17:13", "end": "00:17:23", "text": "indicators are very very nice. RSI"}, {"start": "00:17:20", "end": "00:17:26", "text": "heading higher around 68. So we're"}, {"start": "00:17:23", "end": "00:17:29", "text": "definitely not overheated,"}, {"start": "00:17:26", "end": "00:17:32", "text": "not overbought."}, {"start": "00:17:29", "end": "00:17:36", "text": "You got MACD that is still strong,"}, {"start": "00:17:32", "end": "00:17:40", "text": "not flipping down, still green. We just"}, {"start": "00:17:36", "end": "00:17:41", "text": "formed a crossover recently with MACD."}, {"start": "00:17:40", "end": "00:17:44", "text": "So,"}, {"start": "00:17:41", "end": "00:17:47", "text": "got some great things happening right"}, {"start": "00:17:44", "end": "00:17:50", "text": "now. But the biggest one is the weekly."}, {"start": "00:17:47", "end": "00:17:52", "text": "Weekly was still bearish because we"}, {"start": "00:17:50", "end": "00:17:54", "text": "still have not broken out of this. We're"}, {"start": "00:17:52", "end": "00:17:57", "text": "still waiting to break out of this trend"}, {"start": "00:17:54", "end": "00:17:58", "text": "line. Once we do from a technical"}, {"start": "00:17:57", "end": "00:18:02", "text": "perspective,"}, {"start": "00:17:58", "end": "00:18:06", "text": "it's golden and then we're ready for the"}, {"start": "00:18:02", "end": "00:18:08", "text": "next leg up, which is probably around"}, {"start": "00:18:06", "end": "00:18:11", "text": "here, $9 something,000, which would be"}, {"start": "00:18:08", "end": "00:18:15", "text": "absolutely fantastic."}, {"start": "00:18:11", "end": "00:18:17", "text": "So, we need to we need to push past the"}, {"start": "00:18:15", "end": "00:18:19", "text": "resistance right now, right around"}, {"start": "00:18:17", "end": "00:18:21", "text": "74,000,"}, {"start": "00:18:19", "end": "00:18:24", "text": "build some momentum, and we're in the"}, {"start": "00:18:21", "end": "00:18:26", "text": "90s. Okay? And that's when we lean"}, {"start": "00:18:24", "end": "00:18:28", "text": "bullish on the weekly, but shortterm"}, {"start": "00:18:26", "end": "00:18:31", "text": "we're already starting to turn bullish."}, {"start": "00:18:28", "end": "00:18:35", "text": "So, looking pretty darn good."}, {"start": "00:18:31", "end": "00:18:35", "text": "All right, guys."}, {"start": "00:18:37", "end": "00:18:40", "text": "Let's do some Q&A."}, {"start": "00:19:03", "end": "00:19:09", "text": "Man, I got something stuck in my eye."}, {"start": "00:19:06", "end": "00:19:09", "text": "kind of annoying."}, {"start": "00:19:21", "end": "00:19:26", "text": "I got my crypto taxes done yesterday,"}, {"start": "00:19:23", "end": "00:19:29", "text": "Paul. Well, good. I got mine done and"}, {"start": "00:19:26", "end": "00:19:31", "text": "it's an astronomical amount. Um, but"}, {"start": "00:19:29", "end": "00:19:35", "text": "good thing I was able to claim some"}, {"start": "00:19:31", "end": "00:19:37", "text": "capital losses from last year."}, {"start": "00:19:35", "end": "00:19:39", "text": "um because October to December was quite"}, {"start": "00:19:37", "end": "00:19:42", "text": "brutal as you guys know. So I mean it"}, {"start": "00:19:39", "end": "00:19:45", "text": "offset a little bit but still man I hate"}, {"start": "00:19:42", "end": "00:19:49", "text": "paying taxes. It's it's always enormous"}, {"start": "00:19:45", "end": "00:19:51", "text": "at the end of the year. Um"}, {"start": "00:19:49", "end": "00:19:53", "text": "but you know you got to do it. You got"}, {"start": "00:19:51", "end": "00:19:56", "text": "to do it. My my thing about taxes a lot"}, {"start": "00:19:53", "end": "00:19:58", "text": "of people try to hide taxes especially"}, {"start": "00:19:56", "end": "00:20:02", "text": "in crypto."}, {"start": "00:19:58", "end": "00:20:04", "text": "Um, I say just do it because it's it's"}, {"start": "00:20:02", "end": "00:20:05", "text": "better to do it now than later because"}, {"start": "00:20:04", "end": "00:20:07", "text": "you're going to have a lot more money"}, {"start": "00:20:05", "end": "00:20:09", "text": "later and they find out that you have"}, {"start": "00:20:07", "end": "00:20:12", "text": "been hiding, you're going to get in big"}, {"start": "00:20:09", "end": "00:20:12", "text": "trouble."}, {"start": "00:20:28", "end": "00:20:33", "text": "Tom Lee is predicting ETH goes to 60K."}, {"start": "00:20:32", "end": "00:20:38", "text": "Do you think that's possible this cycle?"}, {"start": "00:20:33", "end": "00:20:40", "text": "I don't think so. That's that's crazy."}, {"start": "00:20:38", "end": "00:20:43", "text": "If ETH goes to 60K, I mean, it really"}, {"start": "00:20:40", "end": "00:20:47", "text": "needs to dominate the space. Like if all"}, {"start": "00:20:43", "end": "00:20:50", "text": "stable coins are on top of ETH and banks"}, {"start": "00:20:47", "end": "00:20:53", "text": "and everyone else adopts and and every"}, {"start": "00:20:50", "end": "00:20:56", "text": "app basically for payments start using"}, {"start": "00:20:53", "end": "00:20:59", "text": "stable coins on top of ETH maybe. But"}, {"start": "00:20:56", "end": "00:21:00", "text": "ETH can't even handle that,"}, {"start": "00:20:59", "end": "00:21:02", "text": "you know. I don't I don't think that's"}, {"start": "00:21:00", "end": "00:21:05", "text": "possible. Um and if that happens,"}, {"start": "00:21:02", "end": "00:21:07", "text": "Bitcoin be like well above a million."}, {"start": "00:21:05", "end": "00:21:08", "text": "But are you sure that he actually said"}, {"start": "00:21:07", "end": "00:21:13", "text": "that? I'm not sure he actually said"}, {"start": "00:21:08", "end": "00:21:16", "text": "that. Let's Let's ask, can"}, {"start": "00:21:13", "end": "00:21:20", "text": "ETH hit 60,000"}, {"start": "00:21:16", "end": "00:21:20", "text": "this coming cycle?"}, {"start": "00:21:27", "end": "00:21:34", "text": "It even knows. It even knows that Tom"}, {"start": "00:21:30", "end": "00:21:37", "text": "Lee said that."}, {"start": "00:21:34", "end": "00:21:39", "text": "Uh, no. ETH won't hit 60,000 this cycle."}, {"start": "00:21:37", "end": "00:21:42", "text": "The math doesn't work. And Tom Lee's"}, {"start": "00:21:39", "end": "00:21:46", "text": "call is aspirational framing, not"}, {"start": "00:21:42", "end": "00:21:50", "text": "analysis. That's that's right. CDK"}, {"start": "00:21:46", "end": "00:21:53", "text": "assumes a 25x from current price. Uh"}, {"start": "00:21:50", "end": "00:21:56", "text": "Bitcoin is at 70.7K"}, {"start": "00:21:53", "end": "00:21:58", "text": "at 1.4 trillion market cap. For ETH at"}, {"start": "00:21:56", "end": "00:22:01", "text": "60K market cap, we need to exceed"}, {"start": "00:21:58", "end": "00:22:03", "text": "bitcoins by 3 to 4x. That's not going to"}, {"start": "00:22:01", "end": "00:22:06", "text": "happen 2026."}, {"start": "00:22:03", "end": "00:22:10", "text": "Realistic case though, realistic bull"}, {"start": "00:22:06", "end": "00:22:12", "text": "case for ETH is 8 to 12K by year end."}, {"start": "00:22:10", "end": "00:22:15", "text": "And that's 3 to 5x move achievable"}, {"start": "00:22:12", "end": "00:22:16", "text": "within a cycle if Salana's alt movement"}, {"start": "00:22:15", "end": "00:22:21", "text": "spreads and institutional ETF"}, {"start": "00:22:16", "end": "00:22:25", "text": "accelerates. See, that is a good call. 8"}, {"start": "00:22:21", "end": "00:22:28", "text": "to 12,000 by year end. And that's not"}, {"start": "00:22:25", "end": "00:22:31", "text": "shabby at all considering ETH is only"}, {"start": "00:22:28", "end": "00:22:32", "text": "2,300. You're getting a three, four,"}, {"start": "00:22:31", "end": "00:22:36", "text": "fivex"}, {"start": "00:22:32", "end": "00:22:39", "text": "in one year and we're already halfway"}, {"start": "00:22:36", "end": "00:22:39", "text": "through."}, {"start": "00:22:42", "end": "00:22:46", "text": "Look at this."}, {"start": "00:22:44", "end": "00:22:48", "text": "60K"}, {"start": "00:22:46", "end": "00:22:51", "text": "requires a parallel universe where"}, {"start": "00:22:48", "end": "00:22:52", "text": "crypto total market cap is 50 trillion"}, {"start": "00:22:51", "end": "00:22:57", "text": "plus."}, {"start": "00:22:52", "end": "00:23:00", "text": "Oh, that's that's uh"}, {"start": "00:22:57", "end": "00:23:04", "text": "that's funny. that uh that's funny. See,"}, {"start": "00:23:00", "end": "00:23:04", "text": "it'll even make jokes."}, {"start": "00:23:10", "end": "00:23:16", "text": "So, no. And I totally agree with that."}, {"start": "00:23:13", "end": "00:23:20", "text": "It's not going to 60K this cycle."}, {"start": "00:23:16", "end": "00:23:25", "text": "I think I think 8 to 12k can be possible"}, {"start": "00:23:20", "end": "00:23:29", "text": "when the war stops and the market flows"}, {"start": "00:23:25", "end": "00:23:32", "text": "back in and we have a quick recovery up."}, {"start": "00:23:29", "end": "00:23:35", "text": "I could see Bitcoin recovering, you"}, {"start": "00:23:32", "end": "00:23:37", "text": "know, to 126, you know, by the end of"}, {"start": "00:23:35", "end": "00:23:40", "text": "this year, maybe even beyond that. And"}, {"start": "00:23:37", "end": "00:23:43", "text": "if that happens that ETH, especially"}, {"start": "00:23:40", "end": "00:23:45", "text": "with a clarity bill passed,"}, {"start": "00:23:43", "end": "00:23:48", "text": "um, can see a bit more momentum, get"}, {"start": "00:23:45", "end": "00:23:50", "text": "back to 5,000 where it was and push past"}, {"start": "00:23:48", "end": "00:23:53", "text": "it."}, {"start": "00:23:50", "end": "00:23:54", "text": "But, you know, we'll see. A lot of"}, {"start": "00:23:53", "end": "00:23:56", "text": "things need to align because we're"}, {"start": "00:23:54", "end": "00:23:59", "text": "already in April. But, if you look at"}, {"start": "00:23:56", "end": "00:24:03", "text": "last year, it's the same playbook. April"}, {"start": "00:23:59", "end": "00:24:06", "text": "to November was extremely bullish"}, {"start": "00:24:03", "end": "00:24:08", "text": "because all the money flew out from the"}, {"start": "00:24:06", "end": "00:24:11", "text": "tariff situation and then they came back"}, {"start": "00:24:08", "end": "00:24:11", "text": "in."}, {"start": "00:24:11", "end": "00:24:17", "text": "And uh I think that could happen this"}, {"start": "00:24:13", "end": "00:24:17", "text": "year too."}, {"start": "00:24:23", "end": "00:24:27", "text": "That's a XRP army style price prediction"}, {"start": "00:24:25", "end": "00:24:29", "text": "not based in reality by any stretch of"}, {"start": "00:24:27", "end": "00:24:32", "text": "imagination."}, {"start": "00:24:29", "end": "00:24:35", "text": "Yeah, that's right. No, uh if it was XRP"}, {"start": "00:24:32", "end": "00:24:38", "text": "army style prediction, uh that would be"}, {"start": "00:24:35", "end": "00:24:41", "text": "saying ETH will hit $600,000"}, {"start": "00:24:38", "end": "00:24:44", "text": "uh this cycle."}, {"start": "00:24:41", "end": "00:24:46", "text": "So that's more realistic by saying bit,"}, {"start": "00:24:44", "end": "00:24:48", "text": "you know, XRP will go to 589. That no"}, {"start": "00:24:46", "end": "00:24:51", "text": "one ever says that anymore. I don't know"}, {"start": "00:24:48", "end": "00:24:55", "text": "where that came from, but you know, it"}, {"start": "00:24:51", "end": "00:24:55", "text": "somehow stuck because it's so silly."}, {"start": "00:25:22", "end": "00:25:26", "text": "You know, I haven't really been paid to"}, {"start": "00:25:24", "end": "00:25:30", "text": "stocks or or anything really because"}, {"start": "00:25:26", "end": "00:25:33", "text": "I've been so involved with AI, but um I"}, {"start": "00:25:30", "end": "00:25:37", "text": "see silver is up today about $80. You"}, {"start": "00:25:33", "end": "00:25:39", "text": "got Tesla. Uh Broadcom is skyrocketing."}, {"start": "00:25:37", "end": "00:25:41", "text": "I had some options. I don't know if I I"}, {"start": "00:25:39", "end": "00:25:44", "text": "haven't even paid attention if they"}, {"start": "00:25:41", "end": "00:25:45", "text": "closed or not. Uh Nvidia is still"}, {"start": "00:25:44", "end": "00:25:47", "text": "holding. Robin Hood is starting to come"}, {"start": "00:25:45", "end": "00:25:50", "text": "up. See, like things that I'm going to"}, {"start": "00:25:47", "end": "00:25:53", "text": "concentrate hard on. That sounded wrong,"}, {"start": "00:25:50", "end": "00:25:55", "text": "but um things I won't concentrate, one"}, {"start": "00:25:53", "end": "00:25:57", "text": "of them will be Robin Hood. Another will"}, {"start": "00:25:55", "end": "00:26:02", "text": "be Coinbase because they are still"}, {"start": "00:25:57", "end": "00:26:04", "text": "vastly down from their high. Um so good"}, {"start": "00:26:02", "end": "00:26:06", "text": "bargains, especially with options. I'm"}, {"start": "00:26:04", "end": "00:26:08", "text": "going to be loading up on Robin Hood"}, {"start": "00:26:06", "end": "00:26:11", "text": "options. Like this is what I was talking"}, {"start": "00:26:08", "end": "00:26:14", "text": "about last year, right? Like went all"}, {"start": "00:26:11", "end": "00:26:18", "text": "the way down to here, $29, and then it"}, {"start": "00:26:14", "end": "00:26:20", "text": "went to 150. I rode this up with my"}, {"start": "00:26:18", "end": "00:26:22", "text": "options and made a boatload of money,"}, {"start": "00:26:20", "end": "00:26:25", "text": "but then I also wrote it down, too. That"}, {"start": "00:26:22", "end": "00:26:25", "text": "was my problem."}, {"start": "00:26:39", "end": "00:26:42", "text": "Any"}, {"start": "00:26:47", "end": "00:26:52", "text": "thoughts on the recent Polka Dot hack? I"}, {"start": "00:26:50", "end": "00:26:55", "text": "covered it last time. It's not it's not"}, {"start": "00:26:52", "end": "00:26:56", "text": "Polka Dot. It's one of their bridges. I"}, {"start": "00:26:55", "end": "00:26:58", "text": "think I covered that yesterday. It's not"}, {"start": "00:26:56", "end": "00:27:01", "text": "their fault. It's the bridg's fault. But"}, {"start": "00:26:58", "end": "00:27:02", "text": "anyways, uh it's just it is what it is."}, {"start": "00:27:01", "end": "00:27:08", "text": "Vulnerabilities are much easier to find"}, {"start": "00:27:02", "end": "00:27:09", "text": "on bridges than um than on chains. So,"}, {"start": "00:27:08", "end": "00:27:10", "text": "that's one of the things I'm working on."}, {"start": "00:27:09", "end": "00:27:12", "text": "You know, there's a lot of crypto"}, {"start": "00:27:10", "end": "00:27:14", "text": "bounties"}, {"start": "00:27:12", "end": "00:27:16", "text": "that's out there. I don't think people"}, {"start": "00:27:14", "end": "00:27:18", "text": "realize, you know, you could do a you"}, {"start": "00:27:16", "end": "00:27:21", "text": "could be a white hat hacker and uh and"}, {"start": "00:27:18", "end": "00:27:24", "text": "make money by by claiming on these"}, {"start": "00:27:21", "end": "00:27:27", "text": "bounties, right? Like like UniS swap has"}, {"start": "00:27:24", "end": "00:27:30", "text": "a 15 million bounty. I don't know if you"}, {"start": "00:27:27", "end": "00:27:30", "text": "guys know that"}, {"start": "00:27:37", "end": "00:27:42", "text": "this came out last year."}, {"start": "00:27:40", "end": "00:27:44", "text": "I just recently came across this. Oh,"}, {"start": "00:27:42", "end": "00:27:46", "text": "actually two years ago. So, there's a"}, {"start": "00:27:44", "end": "00:27:48", "text": "lot of companies like this that offer"}, {"start": "00:27:46", "end": "00:27:49", "text": "this because they want to prevent hacks"}, {"start": "00:27:48", "end": "00:27:53", "text": "from happening. Obviously, there's a lot"}, {"start": "00:27:49", "end": "00:27:57", "text": "of crypto companies that don't. Um,"}, {"start": "00:27:53", "end": "00:28:00", "text": "but yeah, I mean it's just much"}, {"start": "00:27:57", "end": "00:28:02", "text": "it's much harder to to try to hack,"}, {"start": "00:28:00", "end": "00:28:04", "text": "let's say,"}, {"start": "00:28:02", "end": "00:28:08", "text": "you know, in Polka Dot's case, Polka"}, {"start": "00:28:04", "end": "00:28:10", "text": "Dot's infrastructure versus or DeFi"}, {"start": "00:28:08", "end": "00:28:13", "text": "projects versus a bridge. And some of"}, {"start": "00:28:10", "end": "00:28:14", "text": "the previous big hacks were all around"}, {"start": "00:28:13", "end": "00:28:17", "text": "bridges. But anyways, I I bring this up"}, {"start": "00:28:14", "end": "00:28:20", "text": "because I'm very fascinated with it. Uh"}, {"start": "00:28:17", "end": "00:28:21", "text": "something that I am building is a"}, {"start": "00:28:20", "end": "00:28:25", "text": "security"}, {"start": "00:28:21", "end": "00:28:28", "text": "security suite for web two and web 3"}, {"start": "00:28:25", "end": "00:28:34", "text": "utilizing AI to power it because most"}, {"start": "00:28:28", "end": "00:28:36", "text": "suites do not have that. And um"}, {"start": "00:28:34", "end": "00:28:37", "text": "and I'm trying to make it into the best"}, {"start": "00:28:36", "end": "00:28:40", "text": "thing there is. And it's going to be web"}, {"start": "00:28:37", "end": "00:28:43", "text": "two, web three. So once it gets really"}, {"start": "00:28:40", "end": "00:28:45", "text": "really good, then I'm going to start"}, {"start": "00:28:43", "end": "00:28:47", "text": "trying to attack some of these crypto"}, {"start": "00:28:45", "end": "00:28:49", "text": "bounties because a lot of them are in"}, {"start": "00:28:47", "end": "00:28:51", "text": "the millions if you can crack them. So"}, {"start": "00:28:49", "end": "00:28:53", "text": "you don't have to do it illegitimately"}, {"start": "00:28:51", "end": "00:28:55", "text": "where you're like trying to crack and"}, {"start": "00:28:53", "end": "00:28:58", "text": "then you go to jail, but you could"}, {"start": "00:28:55", "end": "00:29:01", "text": "legitimately try to crack and win"}, {"start": "00:28:58", "end": "00:29:03", "text": "millions by"}, {"start": "00:29:01", "end": "00:29:05", "text": "uh through these bounty systems. So that"}, {"start": "00:29:03", "end": "00:29:08", "text": "that is also something I'm working on"}, {"start": "00:29:05", "end": "00:29:10", "text": "right now. This could be really cool."}, {"start": "00:29:08", "end": "00:29:12", "text": "It it is already legitimate. It's"}, {"start": "00:29:10", "end": "00:29:15", "text": "already one of the top, but I'm trying"}, {"start": "00:29:12", "end": "00:29:15", "text": "to make it better."}, {"start": "00:29:36", "end": "00:29:39", "text": "Uh, don't forget SoFi. They have a lot"}, {"start": "00:29:38", "end": "00:29:42", "text": "of things they're rolling out. You know"}, {"start": "00:29:39", "end": "00:29:44", "text": "what? SoFi is one that I never really"}, {"start": "00:29:42", "end": "00:29:48", "text": "paid attention to."}, {"start": "00:29:44", "end": "00:29:50", "text": "I know they're like a crypto focused or"}, {"start": "00:29:48", "end": "00:29:54", "text": "crypto it's not just crypto but like"}, {"start": "00:29:50", "end": "00:29:56", "text": "more focused crypto focused banking and"}, {"start": "00:29:54", "end": "00:29:59", "text": "they have the SoFi center wherever that"}, {"start": "00:29:56", "end": "00:30:03", "text": "is. So they're huge. I just never really"}, {"start": "00:29:59", "end": "00:30:03", "text": "hear about them."}, {"start": "00:30:13", "end": "00:30:18", "text": "Robin Hood is really really popping"}, {"start": "00:30:15", "end": "00:30:18", "text": "today."}, {"start": "00:30:21", "end": "00:30:25", "text": "Yeah, it's it's almost identical to"}, {"start": "00:30:23", "end": "00:30:29", "text": "Robin Hood. I mean, look at it. It's"}, {"start": "00:30:25", "end": "00:30:31", "text": "like almost identical. So, good call."}, {"start": "00:30:29", "end": "00:30:32", "text": "Good call. And they're they're lower."}, {"start": "00:30:31", "end": "00:30:37", "text": "They're at $18. So, if you're buying"}, {"start": "00:30:32", "end": "00:30:37", "text": "options, it's much cheaper. Um,"}, {"start": "00:30:38", "end": "00:30:43", "text": "good"}, {"start": "00:30:41", "end": "00:30:46", "text": "good to load up"}, {"start": "00:30:43", "end": "00:30:48", "text": "just like Clash."}, {"start": "00:30:46", "end": "00:30:50", "text": "Good to load up while things are low"}, {"start": "00:30:48", "end": "00:30:54", "text": "because everything I'm building,"}, {"start": "00:30:50", "end": "00:30:56", "text": "everything that we're doing is going to"}, {"start": "00:30:54", "end": "00:30:59", "text": "amount to billions in the future in my"}, {"start": "00:30:56", "end": "00:31:01", "text": "opinion."}, {"start": "00:30:59", "end": "00:31:05", "text": "People"}, {"start": "00:31:01", "end": "00:31:07", "text": "vastly vastly vastly underestimate what"}, {"start": "00:31:05", "end": "00:31:09", "text": "AI can do because they're not they're"}, {"start": "00:31:07", "end": "00:31:10", "text": "not using their imagination. They're too"}, {"start": "00:31:09", "end": "00:31:14", "text": "lazy. They're not doing anything with"}, {"start": "00:31:10", "end": "00:31:17", "text": "it. I I'm using it to full extent"}, {"start": "00:31:14", "end": "00:31:19", "text": "um to building products that are amazing"}, {"start": "00:31:17", "end": "00:31:22", "text": "that people want to use that can"}, {"start": "00:31:19", "end": "00:31:25", "text": "actually be sold"}, {"start": "00:31:22", "end": "00:31:27", "text": "and um like for example the security"}, {"start": "00:31:25", "end": "00:31:29", "text": "suite I'm building. Not only can I use"}, {"start": "00:31:27", "end": "00:31:31", "text": "it for bounties, but I think it's so"}, {"start": "00:31:29", "end": "00:31:32", "text": "complete that I could even sell it to"}, {"start": "00:31:31", "end": "00:31:35", "text": "some of these security companies once"}, {"start": "00:31:32", "end": "00:31:37", "text": "I'm done with it because once I'm done"}, {"start": "00:31:35", "end": "00:31:40", "text": "with it, it'll it'll blow away theirs"}, {"start": "00:31:37", "end": "00:31:44", "text": "and um and it's just cheaper to buy it"}, {"start": "00:31:40", "end": "00:31:46", "text": "than than to try and develop it. So,"}, {"start": "00:31:44", "end": "00:31:47", "text": "you know, stuff like that. There there's"}, {"start": "00:31:46", "end": "00:31:51", "text": "so many things that you could do. People"}, {"start": "00:31:47", "end": "00:31:51", "text": "just don't do it."}, {"start": "00:32:05", "end": "00:32:11", "text": "Um, I got a new idea for Clash Picks,"}, {"start": "00:32:07", "end": "00:32:16", "text": "too. I think I'll come out with a"}, {"start": "00:32:11", "end": "00:32:18", "text": "skill-based bingo. Uh, that's daily. So,"}, {"start": "00:32:16", "end": "00:32:20", "text": "I know a lot of people are on Clash Pix"}, {"start": "00:32:18", "end": "00:32:23", "text": "already. People love to make"}, {"start": "00:32:20", "end": "00:32:27", "text": "predictions, but the next level is to"}, {"start": "00:32:23", "end": "00:32:30", "text": "add in some more like games that people"}, {"start": "00:32:27", "end": "00:32:33", "text": "will like to play, but not gambling,"}, {"start": "00:32:30", "end": "00:32:35", "text": "skill-based games. So, I think the next"}, {"start": "00:32:33", "end": "00:32:38", "text": "one would be bingo because I know people"}, {"start": "00:32:35", "end": "00:32:41", "text": "love bingo. People on cruises like go"}, {"start": "00:32:38", "end": "00:32:44", "text": "nuts over it. So, I think the next thing"}, {"start": "00:32:41", "end": "00:32:48", "text": "is going to be introducing a daily bingo"}, {"start": "00:32:44", "end": "00:32:50", "text": "system and then you could use Ask Clash"}, {"start": "00:32:48", "end": "00:32:54", "text": "to help you with it. Um, so that's going"}, {"start": "00:32:50", "end": "00:32:56", "text": "to be the next"}, {"start": "00:32:54", "end": "00:32:58", "text": "next thing. I'm trying to I'm still"}, {"start": "00:32:56", "end": "00:32:59", "text": "trying to think how to do it, but uh"}, {"start": "00:32:58", "end": "00:33:02", "text": "it's going to be it's going to be"}, {"start": "00:32:59", "end": "00:33:06", "text": "awesome. Everything I do is going to be"}, {"start": "00:33:02", "end": "00:33:06", "text": "awesome from now here on out."}, {"start": "00:33:09", "end": "00:33:12", "text": "Hennessy, you must not be around. Yeah,"}, {"start": "00:33:10", "end": "00:33:18", "text": "this is my site. It's around the project"}, {"start": "00:33:12", "end": "00:33:21", "text": "Clash. Same thing with Ask Clash, too. I"}, {"start": "00:33:18", "end": "00:33:26", "text": "know sometimes it's hard to say, but Ask"}, {"start": "00:33:21", "end": "00:33:26", "text": "Clash. Uh these are all"}, {"start": "00:33:26", "end": "00:33:29", "text": "Yes."}, {"start": "00:33:54", "end": "00:34:00", "text": "It won't be bingo predictions teller. It"}, {"start": "00:33:56", "end": "00:34:04", "text": "will be bingo skills."}, {"start": "00:34:00", "end": "00:34:05", "text": "We'll call it clash bingo."}, {"start": "00:34:04", "end": "00:34:08", "text": "No, actually we could call it bingo"}, {"start": "00:34:05", "end": "00:34:11", "text": "pics. That's probably better. Bingo"}, {"start": "00:34:08", "end": "00:34:13", "text": "pics. Yeah. Um but it'll be skill-based."}, {"start": "00:34:11", "end": "00:34:15", "text": "It won't be prediction based. It'll be"}, {"start": "00:34:13", "end": "00:34:18", "text": "skill-based. But it's it just makes more"}, {"start": "00:34:15", "end": "00:34:21", "text": "sense to integrate into Clash Pics. So"}, {"start": "00:34:18", "end": "00:34:27", "text": "that way we get more people to utilize"}, {"start": "00:34:21", "end": "00:34:27", "text": "utilize it, more people have some fun."}, {"start": "00:34:53", "end": "00:34:59", "text": "Clash Ingo."}, {"start": "00:34:56", "end": "00:34:59", "text": "No,"}, {"start": "00:35:00", "end": "00:35:05", "text": "I I don't even have to give it a name."}, {"start": "00:35:02", "end": "00:35:06", "text": "It'll just say bingo under there."}, {"start": "00:35:05", "end": "00:35:08", "text": "It's not going to be a new site or"}, {"start": "00:35:06", "end": "00:35:10", "text": "anything. It's going to be like built"}, {"start": "00:35:08", "end": "00:35:12", "text": "within. So, I just need to figure out"}, {"start": "00:35:10", "end": "00:35:15", "text": "how to do it exactly what the what the"}, {"start": "00:35:12", "end": "00:35:17", "text": "process is because right now we're Clash"}, {"start": "00:35:15", "end": "00:35:19", "text": "of Effect is pretty mature. We're not"}, {"start": "00:35:17", "end": "00:35:22", "text": "really trying to add more features. Next"}, {"start": "00:35:19", "end": "00:35:24", "text": "up will be mobile apps and uh it'll be"}, {"start": "00:35:22", "end": "00:35:26", "text": "have it'll have an integrated wallet"}, {"start": "00:35:24", "end": "00:35:27", "text": "system and integrated decks. It's going"}, {"start": "00:35:26", "end": "00:35:30", "text": "to be nice. That's going to be the next"}, {"start": "00:35:27", "end": "00:35:33", "text": "phase. Right now, I think we're going to"}, {"start": "00:35:30", "end": "00:35:35", "text": "expand cryp um multi-pic bonus to have"}, {"start": "00:35:33", "end": "00:35:36", "text": "three events rather than two. But"}, {"start": "00:35:35", "end": "00:35:38", "text": "outside of that, there's not a whole lot"}, {"start": "00:35:36", "end": "00:35:41", "text": "of new things we need to add. We just"}, {"start": "00:35:38", "end": "00:35:44", "text": "need to get more volume, more people,"}, {"start": "00:35:41", "end": "00:35:48", "text": "and uh better events."}, {"start": "00:35:44", "end": "00:35:48", "text": "Um, but bingo will help with that,"}, {"start": "00:35:49", "end": "00:35:55", "text": "I think. Yeah, I'll just call it bingo"}, {"start": "00:35:51", "end": "00:35:55", "text": "or bingo picks would be good."}, {"start": "00:36:14", "end": "00:36:18", "text": "Block miners, you can submit a ticket."}, {"start": "00:36:16", "end": "00:36:22", "text": "There's a ticket in there. Submit it and"}, {"start": "00:36:18", "end": "00:36:24", "text": "we'll get to it. We'll get to it."}, {"start": "00:36:22", "end": "00:36:28", "text": "But Phantom is the biggest and most"}, {"start": "00:36:24", "end": "00:36:30", "text": "popular Soul wallet, so it makes sense."}, {"start": "00:36:28", "end": "00:36:32", "text": "But I know there's others like Soulflare"}, {"start": "00:36:30", "end": "00:36:35", "text": "and Trust Wallet and stuff like that,"}, {"start": "00:36:32", "end": "00:36:38", "text": "but you know, Phantom is the de facto"}, {"start": "00:36:35", "end": "00:36:38", "text": "one."}, {"start": "00:36:45", "end": "00:36:49", "text": "Fifth Nil. Yeah, of course they are. P"}, {"start": "00:36:48", "end": "00:36:52", "text": "Clash ones are not because they're"}, {"start": "00:36:49", "end": "00:36:53", "text": "they're, you know, fake virtual currency"}, {"start": "00:36:52", "end": "00:36:55", "text": "that we give out, but you can still win"}, {"start": "00:36:53", "end": "00:36:58", "text": "real wards. But everything with Clash"}, {"start": "00:36:55", "end": "00:36:59", "text": "and Soul on Clash because it's on chain."}, {"start": "00:36:58", "end": "00:37:02", "text": "That's why you have to connect your"}, {"start": "00:36:59", "end": "00:37:02", "text": "wallet."}, {"start": "00:37:07", "end": "00:37:15", "text": "Anyways, I think that's about it."}, {"start": "00:37:11", "end": "00:37:17", "text": "Good stuff all around. Good news. War"}, {"start": "00:37:15", "end": "00:37:21", "text": "may be ending soon."}, {"start": "00:37:17", "end": "00:37:24", "text": "Pal may be out of office soon. Clarity"}, {"start": "00:37:21", "end": "00:37:26", "text": "bill may be here soon. There's a lot of"}, {"start": "00:37:24", "end": "00:37:30", "text": "things that's coming, guys. A lot of"}, {"start": "00:37:26", "end": "00:37:33", "text": "great great things. So,"}, {"start": "00:37:30", "end": "00:37:35", "text": "all right, guys. Have a good one."}, {"start": "00:37:33", "end": "00:37:38", "text": "Have a good rest of your day. Go check"}, {"start": "00:37:35", "end": "00:37:41", "text": "out our Discord. We got Ava bot in"}, {"start": "00:37:38", "end": "00:37:44", "text": "there. That's really good. And then we"}, {"start": "00:37:41", "end": "00:37:46", "text": "got Clash Pix, of course. Ask Clash. The"}, {"start": "00:37:44", "end": "00:37:49", "text": "whole ecosystem. It's all there. Makes"}, {"start": "00:37:46", "end": "00:37:51", "text": "Clash way better than anything else"}, {"start": "00:37:49", "end": "00:37:53", "text": "outside of Bitcoin."}, {"start": "00:37:51", "end": "00:37:53", "text": "All right, have a good"}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back"}, {"start": "00:00:04", "end": "00:00:09", "text": "to Cryptos Are Us. I am George. We're"}, {"start": "00:00:07", "end": "00:00:13", "text": "all George. Uh, welcome to another"}, {"start": "00:00:09", "end": "00:00:16", "text": "market open stream. Things are looking"}, {"start": "00:00:13", "end": "00:00:19", "text": "green. Very, very green. Looks like we"}, {"start": "00:00:16", "end": "00:00:22", "text": "may have a bull signal."}, {"start": "00:00:19", "end": "00:00:24", "text": "We may have gotten it today. So, let's"}, {"start": "00:00:22", "end": "00:00:28", "text": "talk about let's talk about what to"}, {"start": "00:00:24", "end": "00:00:30", "text": "expect. what's the latest news and uh"}, {"start": "00:00:28", "end": "00:00:34", "text": "and move forward. All right, let's do"}, {"start": "00:00:30", "end": "00:00:37", "text": "it, guys. Let's do it. Welcome, welcome,"}, {"start": "00:00:34", "end": "00:00:39", "text": "welcome."}, {"start": "00:00:37", "end": "00:00:44", "text": "As you can see, we are starting out the"}, {"start": "00:00:39", "end": "00:00:48", "text": "day hot 746, right under $75,000."}, {"start": "00:00:44", "end": "00:00:50", "text": "We have not been able to break out since"}, {"start": "00:00:48", "end": "00:00:53", "text": "February,"}, {"start": "00:00:50", "end": "00:00:56", "text": "but it looks like we want to. Looks like"}, {"start": "00:00:53", "end": "00:00:59", "text": "Bitcoin wants to break out from this"}, {"start": "00:00:56", "end": "00:01:04", "text": "point from about March 16, about a month"}, {"start": "00:00:59", "end": "00:01:06", "text": "ago. And if it can, look at it. We got a"}, {"start": "00:01:04", "end": "00:01:08", "text": "lot of big moves coming up. Here's one"}, {"start": "00:01:06", "end": "00:01:11", "text": "at 7879,000."}, {"start": "00:01:08", "end": "00:01:15", "text": "Here's one at 84. Then we got the 87."}, {"start": "00:01:11", "end": "00:01:19", "text": "Then we got $94,000."}, {"start": "00:01:15", "end": "00:01:24", "text": "So let's see if we can build upon this."}, {"start": "00:01:19", "end": "00:01:27", "text": "Now, what's driving things upwards?"}, {"start": "00:01:24", "end": "00:01:29", "text": "A couple things. Number one,"}, {"start": "00:01:27", "end": "00:01:32", "text": "and look at NASDAQ. Look at NASDAQ plus"}, {"start": "00:01:29", "end": "00:01:36", "text": "200 already. Dow, S&P, nowhere. People"}, {"start": "00:01:32", "end": "00:01:38", "text": "are coming back to risk on assets. Uh,"}, {"start": "00:01:36", "end": "00:01:41", "text": "first of all, wholesale prices came out"}, {"start": "00:01:38", "end": "00:01:41", "text": "today."}, {"start": "00:01:41", "end": "00:01:50", "text": "Uh, you know, inflation went up, but way"}, {"start": "00:01:46", "end": "00:01:53", "text": "less than expected. Okay, people are"}, {"start": "00:01:50", "end": "00:01:56", "text": "thinking the war oil stuff would would"}, {"start": "00:01:53", "end": "00:02:00", "text": "really drive wholesale prices up, but"}, {"start": "00:01:56", "end": "00:02:05", "text": "no. Way way lower than expedation. So"}, {"start": "00:02:00", "end": "00:02:08", "text": "that's good. That's good. And"}, {"start": "00:02:05", "end": "00:02:12", "text": "you know the whole thing about oil may"}, {"start": "00:02:08", "end": "00:02:14", "text": "be over soon."}, {"start": "00:02:12", "end": "00:02:16", "text": "China calls the US blockade dangerous"}, {"start": "00:02:14", "end": "00:02:18", "text": "and irresponsible. Well, of course they"}, {"start": "00:02:16", "end": "00:02:22", "text": "they say that because China is getting"}, {"start": "00:02:18", "end": "00:02:27", "text": "most of their oil from Iran, but you"}, {"start": "00:02:22", "end": "00:02:29", "text": "know, it is it does continue the the war"}, {"start": "00:02:27", "end": "00:02:33", "text": "and no one wants that. So, I agree with"}, {"start": "00:02:29", "end": "00:02:34", "text": "that part. Um, but here's the thing."}, {"start": "00:02:33", "end": "00:02:38", "text": "Here's the thing. Look at this. I I"}, {"start": "00:02:34", "end": "00:02:40", "text": "didn't know this, but Saudi Saudi Arabia"}, {"start": "00:02:38", "end": "00:02:45", "text": "uh they're bypassing the straighta"}, {"start": "00:02:40", "end": "00:02:47", "text": "Hermuz with their pipeline, which I"}, {"start": "00:02:45", "end": "00:02:51", "text": "guess"}, {"start": "00:02:47", "end": "00:02:54", "text": "was closed off, but now they reactivated"}, {"start": "00:02:51", "end": "00:02:56", "text": "it. So now it's pushing 7 million"}, {"start": "00:02:54", "end": "00:03:00", "text": "barrels"}, {"start": "00:02:56", "end": "00:03:02", "text": "a day. So this doesn't completely"}, {"start": "00:03:00", "end": "00:03:05", "text": "eliminate you know oil tankers but this"}, {"start": "00:03:02", "end": "00:03:09", "text": "is this is the side effect right there"}, {"start": "00:03:05", "end": "00:03:12", "text": "were things that were done before and"}, {"start": "00:03:09", "end": "00:03:15", "text": "now because of the situation other"}, {"start": "00:03:12", "end": "00:03:17", "text": "solutions are being thought of and"}, {"start": "00:03:15", "end": "00:03:20", "text": "they're kind of like bypassing this"}, {"start": "00:03:17", "end": "00:03:22", "text": "whole situation. So that's actually"}, {"start": "00:03:20", "end": "00:03:25", "text": "quite good."}, {"start": "00:03:22", "end": "00:03:29", "text": "Right. So the chokes the choke hold is"}, {"start": "00:03:25", "end": "00:03:29", "text": "losing its grip"}, {"start": "00:03:29", "end": "00:03:34", "text": "and that may be the reason why oil is"}, {"start": "00:03:32", "end": "00:03:37", "text": "coming down."}, {"start": "00:03:34", "end": "00:03:39", "text": "Why markets are now pricing that this"}, {"start": "00:03:37", "end": "00:03:42", "text": "situation will be over sooner than"}, {"start": "00:03:39", "end": "00:03:46", "text": "expected which is why people are pouring"}, {"start": "00:03:42", "end": "00:03:49", "text": "their money into risk on assets."}, {"start": "00:03:46", "end": "00:03:53", "text": "Interesting. Interesting."}, {"start": "00:03:49", "end": "00:03:56", "text": "So these are all good things."}, {"start": "00:03:53", "end": "00:03:59", "text": "Okay. Um, and you know the timing of it"}, {"start": "00:03:56", "end": "00:04:01", "text": "is right, if you think about last year,"}, {"start": "00:03:59", "end": "00:04:04", "text": "it's the same thing. Right around"}, {"start": "00:04:01", "end": "00:04:07", "text": "October, mid octo, I mean midappril. I"}, {"start": "00:04:04", "end": "00:04:09", "text": "don't know why I said October."}, {"start": "00:04:07", "end": "00:04:10", "text": "Uh,"}, {"start": "00:04:09", "end": "00:04:13", "text": "that's when we hit a bottom and started"}, {"start": "00:04:10", "end": "00:04:15", "text": "turning around. It feels exactly the"}, {"start": "00:04:13", "end": "00:04:17", "text": "same way. Now, this is interesting."}, {"start": "00:04:15", "end": "00:04:20", "text": "thousand years of technological"}, {"start": "00:04:17", "end": "00:04:20", "text": "disruption."}, {"start": "00:04:20", "end": "00:04:26", "text": "Bitcoin's up there right after iPhone."}, {"start": "00:04:27", "end": "00:04:31", "text": "You know, at the beginning it took like"}, {"start": "00:04:29", "end": "00:04:34", "text": "hundreds of years to go from printing"}, {"start": "00:04:31", "end": "00:04:35", "text": "press to telescope to a steam engine to"}, {"start": "00:04:34", "end": "00:04:39", "text": "telegram"}, {"start": "00:04:35", "end": "00:04:41", "text": "or telegraph and a light bulb model T"}, {"start": "00:04:39", "end": "00:04:43", "text": "car polio vaccine and then you know it's"}, {"start": "00:04:41", "end": "00:04:46", "text": "starting to go up. AI is up there."}, {"start": "00:04:43", "end": "00:04:50", "text": "quantum computers up there. Imagine if"}, {"start": "00:04:46", "end": "00:04:54", "text": "you combine AI with quantum computing."}, {"start": "00:04:50", "end": "00:04:56", "text": "Then that graph literally goes up and"}, {"start": "00:04:54", "end": "00:04:58", "text": "doesn't stop. And not only does it not"}, {"start": "00:04:56", "end": "00:05:00", "text": "stop, it starts making huge jumps that"}, {"start": "00:04:58", "end": "00:05:03", "text": "we can't even imagine. You know, a funny"}, {"start": "00:05:00", "end": "00:05:05", "text": "thing, side story, right now I'm I'm you"}, {"start": "00:05:03", "end": "00:05:07", "text": "guys know I'm really into AI, building a"}, {"start": "00:05:05", "end": "00:05:09", "text": "lot of stuff, but uh I'm doing a side"}, {"start": "00:05:07", "end": "00:05:14", "text": "experiment that's really interesting in"}, {"start": "00:05:09", "end": "00:05:14", "text": "terms of how to make LLM"}, {"start": "00:05:14", "end": "00:05:18", "text": "um smarter."}, {"start": "00:05:16", "end": "00:05:21", "text": "Okay. Because right now there's not a"}, {"start": "00:05:18", "end": "00:05:23", "text": "whole lot of Well, I'll talk about that"}, {"start": "00:05:21", "end": "00:05:24", "text": "afterwards, but it's really interesting."}, {"start": "00:05:23", "end": "00:05:27", "text": "It's a really interesting experiment"}, {"start": "00:05:24", "end": "00:05:29", "text": "that no one I know or there's no papers"}, {"start": "00:05:27", "end": "00:05:32", "text": "about, but I'm uh in the middle of it."}, {"start": "00:05:29", "end": "00:05:35", "text": "It's actually quite interesting. Um but"}, {"start": "00:05:32", "end": "00:05:37", "text": "Bitcoin's up there and you know what?"}, {"start": "00:05:35", "end": "00:05:39", "text": "other crypto,"}, {"start": "00:05:37", "end": "00:05:43", "text": "you know, things that haven't even been"}, {"start": "00:05:39", "end": "00:05:45", "text": "invented yet could be layered in here as"}, {"start": "00:05:43", "end": "00:05:46", "text": "well."}, {"start": "00:05:45", "end": "00:05:49", "text": "We don't know. We just don't know what"}, {"start": "00:05:46", "end": "00:05:53", "text": "we don't know yet, right? All right."}, {"start": "00:05:49", "end": "00:05:53", "text": "Outside of that, um,"}, {"start": "00:05:54", "end": "00:06:00", "text": "strategy still leading the way,"}, {"start": "00:05:59", "end": "00:06:04", "text": "1.16"}, {"start": "00:06:00", "end": "00:06:04", "text": "billion in trading volume."}, {"start": "00:06:05", "end": "00:06:09", "text": "So"}, {"start": "00:06:06", "end": "00:06:12", "text": "if Sailor's correct and is looking more"}, {"start": "00:06:09", "end": "00:06:16", "text": "and more like he is"}, {"start": "00:06:12", "end": "00:06:21", "text": "right, he has lived through a couple of"}, {"start": "00:06:16", "end": "00:06:24", "text": "a couple of um bare cycles, okay? Always"}, {"start": "00:06:21", "end": "00:06:26", "text": "ridiculed during them. But then he came"}, {"start": "00:06:24", "end": "00:06:28", "text": "out looking like a genius after the last"}, {"start": "00:06:26", "end": "00:06:31", "text": "one. He may come out looking like the"}, {"start": "00:06:28", "end": "00:06:34", "text": "ultimate genius after this. If Bitcoin"}, {"start": "00:06:31", "end": "00:06:36", "text": "recovers and continues to go up and he"}, {"start": "00:06:34", "end": "00:06:41", "text": "has a strategy where he could raise"}, {"start": "00:06:36", "end": "00:06:44", "text": "money with his preferred shares to buy"}, {"start": "00:06:41", "end": "00:06:47", "text": "more Bitcoin. I mean this is the"}, {"start": "00:06:44", "end": "00:06:49", "text": "ultimate like what they call a feedback"}, {"start": "00:06:47", "end": "00:06:52", "text": "loop."}, {"start": "00:06:49", "end": "00:06:52", "text": "Um"}, {"start": "00:06:52", "end": "00:06:58", "text": "he may be the the biggest genius ever at"}, {"start": "00:06:55", "end": "00:07:01", "text": "least in terms of"}, {"start": "00:06:58", "end": "00:07:04", "text": "uh building wealth, right? He may be one"}, {"start": "00:07:01", "end": "00:07:07", "text": "day richer than even Elon Musk with this"}, {"start": "00:07:04", "end": "00:07:10", "text": "strategy. We'll see. We'll see. But this"}, {"start": "00:07:07", "end": "00:07:13", "text": "is definitely one of the hottest"}, {"start": "00:07:10", "end": "00:07:16", "text": "hottest stocks"}, {"start": "00:07:13", "end": "00:07:18", "text": "uh from Wall Street right now. No doubt"}, {"start": "00:07:16", "end": "00:07:20", "text": "about it. And if he can continue this on"}, {"start": "00:07:18", "end": "00:07:22", "text": "and the market improves, he could raise"}, {"start": "00:07:20", "end": "00:07:25", "text": "more money. I mean, we're talking about"}, {"start": "00:07:22", "end": "00:07:30", "text": "billions upon billions upon billions of"}, {"start": "00:07:25", "end": "00:07:32", "text": "Bitcoin being bought every single week."}, {"start": "00:07:30", "end": "00:07:36", "text": "It's just a loop that just keeps on"}, {"start": "00:07:32", "end": "00:07:39", "text": "going. Think about that. It's brilliant."}, {"start": "00:07:36", "end": "00:07:42", "text": "It's brilliant. Um,"}, {"start": "00:07:39", "end": "00:07:44", "text": "you got other companies."}, {"start": "00:07:42", "end": "00:07:46", "text": "Smarter web company buys 11 Bitcoin"}, {"start": "00:07:44", "end": "00:07:48", "text": "holding 2700."}, {"start": "00:07:46", "end": "00:07:49", "text": "Uh, you know, well, before I get to"}, {"start": "00:07:48", "end": "00:07:51", "text": "that, yeah, basically, you know,"}, {"start": "00:07:49", "end": "00:07:55", "text": "everyone on the list, right? Everyone on"}, {"start": "00:07:51", "end": "00:08:00", "text": "the list slowly DCAing. They may not be"}, {"start": "00:07:55", "end": "00:08:05", "text": "following strategies loop mechanism but"}, {"start": "00:08:00", "end": "00:08:12", "text": "the next best thing just basically DCA"}, {"start": "00:08:05", "end": "00:08:12", "text": "DCA long-term that's the right strategy."}, {"start": "00:08:13", "end": "00:08:17", "text": "There's something called Gemini Space"}, {"start": "00:08:15", "end": "00:08:20", "text": "Station Inc."}, {"start": "00:08:17", "end": "00:08:23", "text": "I just realized that. Is it really do"}, {"start": "00:08:20", "end": "00:08:26", "text": "they really have a space station? Uh"}, {"start": "00:08:23", "end": "00:08:29", "text": "anyways,"}, {"start": "00:08:26", "end": "00:08:32", "text": "moving on."}, {"start": "00:08:29", "end": "00:08:34", "text": "Uh open interest is quite low, meaning"}, {"start": "00:08:32", "end": "00:08:36", "text": "leverage is low right now. Okay, a lot"}, {"start": "00:08:34", "end": "00:08:39", "text": "not a whole lot of people are trading"}, {"start": "00:08:36", "end": "00:08:42", "text": "right now, especially with leverage. But"}, {"start": "00:08:39", "end": "00:08:44", "text": "this goes to show you this is a really"}, {"start": "00:08:42", "end": "00:08:47", "text": "good thing. Bitcoin is starting to come"}, {"start": "00:08:44", "end": "00:08:49", "text": "back up and it's not due to leverage."}, {"start": "00:08:47", "end": "00:08:52", "text": "It's due to spot buying. It's due to"}, {"start": "00:08:49", "end": "00:08:54", "text": "just normal people coming back"}, {"start": "00:08:52", "end": "00:08:57", "text": "recognizing this is a good point to be"}, {"start": "00:08:54", "end": "00:08:57", "text": "buying."}, {"start": "00:09:00", "end": "00:09:03", "text": "So"}, {"start": "00:09:03", "end": "00:09:07", "text": "what does that tell you?"}, {"start": "00:09:06", "end": "00:09:09", "text": "Well, it tells you that this is a good"}, {"start": "00:09:07", "end": "00:09:12", "text": "time to be buying. That's what it tells"}, {"start": "00:09:09", "end": "00:09:15", "text": "you. The bottoming process has already"}, {"start": "00:09:12", "end": "00:09:17", "text": "commenced and we are about to break out"}, {"start": "00:09:15", "end": "00:09:18", "text": "of our bottom. Okay, that's what I"}, {"start": "00:09:17", "end": "00:09:21", "text": "that's what I showed you with this"}, {"start": "00:09:18", "end": "00:09:24", "text": "chart. If you zoom out, this is part of"}, {"start": "00:09:21", "end": "00:09:27", "text": "a bottom in process right here."}, {"start": "00:09:24", "end": "00:09:30", "text": "Okay, this is zoomed in. But once we"}, {"start": "00:09:27", "end": "00:09:32", "text": "break back above here, that's when"}, {"start": "00:09:30", "end": "00:09:34", "text": "people will say, okay, for sure that 60k"}, {"start": "00:09:32", "end": "00:09:37", "text": "was our bottom, right? And then after we"}, {"start": "00:09:34", "end": "00:09:42", "text": "get here, we start going upwards even"}, {"start": "00:09:37", "end": "00:09:42", "text": "more. This is part of the process."}, {"start": "00:09:44", "end": "00:09:48", "text": "Uh whale accumulation helped the rally"}, {"start": "00:09:46", "end": "00:09:51", "text": "above 74,000. There's no doubt about it."}, {"start": "00:09:48", "end": "00:09:55", "text": "You know who who else helped?"}, {"start": "00:09:51", "end": "00:10:00", "text": "Uh the bears. The bears. The ones that"}, {"start": "00:09:55", "end": "00:10:05", "text": "had shorts opened on Bitcoin"}, {"start": "00:10:00", "end": "00:10:07", "text": "lost half billion dollars."}, {"start": "00:10:05", "end": "00:10:09", "text": "No sympathy for them. You shouldn't be"}, {"start": "00:10:07", "end": "00:10:13", "text": "shorting Bitcoin."}, {"start": "00:10:09", "end": "00:10:16", "text": "Okay. But they did and that's what they"}, {"start": "00:10:13", "end": "00:10:16", "text": "get."}, {"start": "00:10:17", "end": "00:10:23", "text": "That helped short squeeze. And if we"}, {"start": "00:10:20", "end": "00:10:26", "text": "keep going, more short squeezes."}, {"start": "00:10:23", "end": "00:10:28", "text": "Um Morgan Stanley says, \"The market"}, {"start": "00:10:26", "end": "00:10:29", "text": "appears to be bottoming. There's no"}, {"start": "00:10:28", "end": "00:10:32", "text": "doubt about it.\" You know what's"}, {"start": "00:10:29", "end": "00:10:34", "text": "interesting is he says the same thing"}, {"start": "00:10:32", "end": "00:10:38", "text": "what I've been saying, which is what"}, {"start": "00:10:34", "end": "00:10:41", "text": "happened last year. Last year when Trump"}, {"start": "00:10:38", "end": "00:10:43", "text": "got elected, he started talking about"}, {"start": "00:10:41", "end": "00:10:47", "text": "tariffs, tariffing everyone left and"}, {"start": "00:10:43", "end": "00:10:50", "text": "right. That was around November,"}, {"start": "00:10:47", "end": "00:10:54", "text": "December time frame. Markets crashed"}, {"start": "00:10:50", "end": "00:10:55", "text": "hard until April found the bottom and"}, {"start": "00:10:54", "end": "00:10:58", "text": "then people realized, okay, we need to"}, {"start": "00:10:55", "end": "00:11:00", "text": "move past this. This is the nothing"}, {"start": "00:10:58", "end": "00:11:03", "text": "burger. Let's do it. That's when the"}, {"start": "00:11:00", "end": "00:11:06", "text": "market reacted"}, {"start": "00:11:03", "end": "00:11:09", "text": "fiercely and recovered enormously. And"}, {"start": "00:11:06", "end": "00:11:12", "text": "that's what Morgan Stanley is making"}, {"start": "00:11:09", "end": "00:11:14", "text": "comparison to. Like right now, yes, from"}, {"start": "00:11:12", "end": "00:11:17", "text": "November, December to now, a lot of"}, {"start": "00:11:14", "end": "00:11:19", "text": "geopolitical stuff about wars taking"}, {"start": "00:11:17", "end": "00:11:21", "text": "over countries and all that stuff. But"}, {"start": "00:11:19", "end": "00:11:24", "text": "the market is starting to just realize,"}, {"start": "00:11:21", "end": "00:11:26", "text": "okay, this we're going to need to get"}, {"start": "00:11:24", "end": "00:11:29", "text": "past this. This is the opportunity."}, {"start": "00:11:26", "end": "00:11:31", "text": "we're going to start buying just like"}, {"start": "00:11:29", "end": "00:11:34", "text": "last year, just like what happened in"}, {"start": "00:11:31", "end": "00:11:36", "text": "April when we started turning around."}, {"start": "00:11:34", "end": "00:11:39", "text": "That's why it seems very similar and"}, {"start": "00:11:36", "end": "00:11:41", "text": "that's why this is part of the bottoming"}, {"start": "00:11:39", "end": "00:11:43", "text": "process."}, {"start": "00:11:41", "end": "00:11:45", "text": "People forgot what last year was like."}, {"start": "00:11:43", "end": "00:11:49", "text": "Last year leading up to April was the"}, {"start": "00:11:45", "end": "00:11:51", "text": "same thing. It was horrible, worse than"}, {"start": "00:11:49", "end": "00:11:55", "text": "what it is now,"}, {"start": "00:11:51", "end": "00:11:57", "text": "but the playbook looks exactly the same."}, {"start": "00:11:55", "end": "00:12:00", "text": "And if you think about it, maybe this is"}, {"start": "00:11:57", "end": "00:12:04", "text": "this is how the wealthy"}, {"start": "00:12:00", "end": "00:12:06", "text": "gets even wealthier because this is the"}, {"start": "00:12:04", "end": "00:12:09", "text": "same playbook over and over and over"}, {"start": "00:12:06", "end": "00:12:11", "text": "again in November, December. You cause"}, {"start": "00:12:09", "end": "00:12:14", "text": "some kind of massive panic. Well, you"}, {"start": "00:12:11", "end": "00:12:16", "text": "sell beforehand. You cause some massive"}, {"start": "00:12:14", "end": "00:12:18", "text": "panic. Wait until the market bottoms,"}, {"start": "00:12:16", "end": "00:12:21", "text": "then you go all in and then wait for it"}, {"start": "00:12:18", "end": "00:12:24", "text": "to come back up."}, {"start": "00:12:21", "end": "00:12:27", "text": "This may be the playbook of Trump going"}, {"start": "00:12:24", "end": "00:12:32", "text": "forward. So now let's see from April to"}, {"start": "00:12:27", "end": "00:12:34", "text": "December or November, let's say,"}, {"start": "00:12:32", "end": "00:12:37", "text": "how the market reacts if we have a"}, {"start": "00:12:34", "end": "00:12:38", "text": "tremendous rally"}, {"start": "00:12:37", "end": "00:12:41", "text": "and then prepare for something"}, {"start": "00:12:38", "end": "00:12:44", "text": "disastrous in November."}, {"start": "00:12:41", "end": "00:12:49", "text": "This may be the new playbook. Uh so"}, {"start": "00:12:44", "end": "00:12:51", "text": "we'll see. We will see."}, {"start": "00:12:49", "end": "00:12:53", "text": "And we're doing well. We're doing well"}, {"start": "00:12:51", "end": "00:12:56", "text": "right now. We're doing well. Uh what"}, {"start": "00:12:53", "end": "00:12:56", "text": "else?"}, {"start": "00:12:56", "end": "00:13:00", "text": "Geopolitical crisis tends to be buy"}, {"start": "00:12:58", "end": "00:13:02", "text": "opportunity. Well, okay. like what I"}, {"start": "00:13:00", "end": "00:13:05", "text": "just got done saying doesn't matter if"}, {"start": "00:13:02", "end": "00:13:09", "text": "geopolitical if it's macro if it's self"}, {"start": "00:13:05", "end": "00:13:09", "text": "selfcaused whatever"}, {"start": "00:13:10", "end": "00:13:13", "text": "when"}, {"start": "00:13:11", "end": "00:13:18", "text": "you have something good asset like"}, {"start": "00:13:13", "end": "00:13:20", "text": "Bitcoin when it's low and when it's down"}, {"start": "00:13:18", "end": "00:13:22", "text": "and discounted"}, {"start": "00:13:20", "end": "00:13:24", "text": "buying opportunity it's just that simple"}, {"start": "00:13:22", "end": "00:13:27", "text": "doesn't matter what the reason what"}, {"start": "00:13:24", "end": "00:13:32", "text": "caused it go down but you want to take"}, {"start": "00:13:27", "end": "00:13:35", "text": "advantage if you can Tom Lee also kind"}, {"start": "00:13:32", "end": "00:13:39", "text": "of like a mini sailor buying Ethereum"}, {"start": "00:13:35", "end": "00:13:43", "text": "like it's no one's business."}, {"start": "00:13:39", "end": "00:13:48", "text": "Okay. And he also thinks"}, {"start": "00:13:43", "end": "00:13:51", "text": "Ethereum is a wartime store of value."}, {"start": "00:13:48", "end": "00:13:53", "text": "He thinks it's better than S&P, better"}, {"start": "00:13:51", "end": "00:13:59", "text": "than gold. Is it better than Bitcoin"}, {"start": "00:13:53", "end": "00:13:59", "text": "though? No. But it is pretty darn good."}, {"start": "00:14:01", "end": "00:14:06", "text": "Uh you have whales, you know, coming"}, {"start": "00:14:04", "end": "00:14:09", "text": "back. I mean, basically you could argue"}, {"start": "00:14:06", "end": "00:14:11", "text": "all whales are coming back. Uh Y"}, {"start": "00:14:09", "end": "00:14:13", "text": "Combinator, I don't know anyone that"}, {"start": "00:14:11", "end": "00:14:15", "text": "still talks about Y Combinator uh these"}, {"start": "00:14:13", "end": "00:14:20", "text": "days, but they're still relevant. I"}, {"start": "00:14:15", "end": "00:14:20", "text": "guess they invested 500,000"}, {"start": "00:14:20", "end": "00:14:25", "text": "into a project on top of Salana. All"}, {"start": "00:14:23", "end": "00:14:26", "text": "class stuff is on top of Salana, by the"}, {"start": "00:14:25", "end": "00:14:27", "text": "way."}, {"start": "00:14:26", "end": "00:14:29", "text": "um"}, {"start": "00:14:27", "end": "00:14:34", "text": "marking a first for accelerator. Good."}, {"start": "00:14:29", "end": "00:14:35", "text": "Good for them. Good for them."}, {"start": "00:14:34", "end": "00:14:37", "text": "And I saw this. Not a whole lot of"}, {"start": "00:14:35", "end": "00:14:39", "text": "people talk about Appto, but they're"}, {"start": "00:14:37", "end": "00:14:42", "text": "still one of the bigger maybe the"}, {"start": "00:14:39", "end": "00:14:44", "text": "biggest L2 for Ethereum."}, {"start": "00:14:42", "end": "00:14:46", "text": "Uh they're changing their token"}, {"start": "00:14:44", "end": "00:14:49", "text": "economics, which is good. There's a hard"}, {"start": "00:14:46", "end": "00:14:54", "text": "cap now. Staking rewards is H haved."}, {"start": "00:14:49", "end": "00:14:57", "text": "Okay. So, it helps with the inflation."}, {"start": "00:14:54", "end": "00:14:59", "text": "gas fees 10x burned. I don't know how"}, {"start": "00:14:57", "end": "00:15:04", "text": "they're going to do that. So, they're"}, {"start": "00:14:59", "end": "00:15:04", "text": "just go burn all the gas fees. Um,"}, {"start": "00:15:05", "end": "00:15:09", "text": "so this is good. You know what I heard"}, {"start": "00:15:07", "end": "00:15:11", "text": "about Aptos and a lot of other L2s is"}, {"start": "00:15:09", "end": "00:15:14", "text": "this. It's like they don't really make"}, {"start": "00:15:11", "end": "00:15:17", "text": "money from like anything they do other"}, {"start": "00:15:14", "end": "00:15:20", "text": "than all the fees, the foundation of"}, {"start": "00:15:17", "end": "00:15:24", "text": "Aptos, collect the fees of, you know,"}, {"start": "00:15:20", "end": "00:15:26", "text": "uh, of anything that goes on a network."}, {"start": "00:15:24", "end": "00:15:29", "text": "So now they're saying that they're going"}, {"start": "00:15:26", "end": "00:15:30", "text": "to, you know, burn most of it, right?"}, {"start": "00:15:29", "end": "00:15:32", "text": "But up until then, a lot of it they just"}, {"start": "00:15:30", "end": "00:15:34", "text": "keep for themselves. That's how they"}, {"start": "00:15:32", "end": "00:15:36", "text": "that's how they build their treasury and"}, {"start": "00:15:34", "end": "00:15:38", "text": "that's how they uh can continue to"}, {"start": "00:15:36", "end": "00:15:42", "text": "operate, which is smart, but you know, I"}, {"start": "00:15:38", "end": "00:15:42", "text": "think most people don't realize that."}, {"start": "00:15:43", "end": "00:15:48", "text": "All right, that's pretty much it. Uh"}, {"start": "00:15:45", "end": "00:15:51", "text": "Bitcoin is looking good. Let's uh let's"}, {"start": "00:15:48", "end": "00:15:54", "text": "do some charting here. Are we bullish"}, {"start": "00:15:51", "end": "00:15:57", "text": "yet on the weekly? I didn't refresh this"}, {"start": "00:15:54", "end": "00:16:00", "text": "before. Uh,"}, {"start": "00:15:57", "end": "00:16:02", "text": "there we go. We still haven't turned"}, {"start": "00:16:00", "end": "00:16:06", "text": "bullish on the weekly. We still haven't"}, {"start": "00:16:02", "end": "00:16:09", "text": "quite broken out"}, {"start": "00:16:06", "end": "00:16:12", "text": "of this tread line, but it seems like"}, {"start": "00:16:09", "end": "00:16:14", "text": "we're very very close. If we are able to"}, {"start": "00:16:12", "end": "00:16:18", "text": "break through this trend line, it"}, {"start": "00:16:14", "end": "00:16:21", "text": "definitely signals a very bullish move"}, {"start": "00:16:18", "end": "00:16:23", "text": "or momentum. But we're not quite there"}, {"start": "00:16:21", "end": "00:16:26", "text": "yet. We're very close. What about on a"}, {"start": "00:16:23", "end": "00:16:29", "text": "short time frame? One day definitely"}, {"start": "00:16:26", "end": "00:16:33", "text": "looks better."}, {"start": "00:16:29", "end": "00:16:35", "text": "4 hours leading leaning bullish."}, {"start": "00:16:33", "end": "00:16:37", "text": "You got everything looking good. Higher"}, {"start": "00:16:35", "end": "00:16:39", "text": "highs."}, {"start": "00:16:37", "end": "00:16:45", "text": "You're breaking through all the key"}, {"start": "00:16:39", "end": "00:16:48", "text": "levels. Volume is coming up. 1.5x"}, {"start": "00:16:45", "end": "00:16:49", "text": "leverage. I mean average trend"}, {"start": "00:16:48", "end": "00:16:52", "text": "continuation."}, {"start": "00:16:49", "end": "00:16:54", "text": "So on the shorter time frames,"}, {"start": "00:16:52", "end": "00:16:58", "text": "Bitcoin"}, {"start": "00:16:54", "end": "00:17:01", "text": "is looking good. Longer time frames like"}, {"start": "00:16:58", "end": "00:17:05", "text": "weekly, not yet. But"}, {"start": "00:17:01", "end": "00:17:07", "text": "if we do continue to move, it's going to"}, {"start": "00:17:05", "end": "00:17:09", "text": "be it's going to be really good from a"}, {"start": "00:17:07", "end": "00:17:11", "text": "techno standpoint. And look at that."}, {"start": "00:17:09", "end": "00:17:14", "text": "We're still moving. We're definitely"}, {"start": "00:17:11", "end": "00:17:14", "text": "still moving."}, {"start": "00:17:20", "end": "00:17:24", "text": "All right, let's do some good."}, {"start": "00:18:10", "end": "00:18:15", "text": "Milan bait says we need that 80k close"}, {"start": "00:18:13", "end": "00:18:17", "text": "within a week or so. You know, I I don't"}, {"start": "00:18:15", "end": "00:18:21", "text": "think we need a weekly close above it."}, {"start": "00:18:17", "end": "00:18:24", "text": "What we need is to hit"}, {"start": "00:18:21", "end": "00:18:28", "text": "some of these other levels,"}, {"start": "00:18:24", "end": "00:18:32", "text": "right, that uh that we haven't quite hit"}, {"start": "00:18:28", "end": "00:18:32", "text": "yet. Um"}, {"start": "00:18:33", "end": "00:18:37", "text": "let's go to the daily."}, {"start": "00:18:37", "end": "00:18:41", "text": "This actually doesn't show."}, {"start": "00:18:43", "end": "00:18:48", "text": "Everything's bullish. Oh yeah. RSI"}, {"start": "00:18:48", "end": "00:18:59", "text": "bullish. MACD bullish."}, {"start": "00:18:53", "end": "00:18:59", "text": "Look at this ascending channel bullish."}, {"start": "00:19:03", "end": "00:19:10", "text": "This on a daily by the way."}, {"start": "00:19:07", "end": "00:19:13", "text": "These are more neutral."}, {"start": "00:19:10", "end": "00:19:15", "text": "Only is bull band. Ballinger band. We're"}, {"start": "00:19:13", "end": "00:19:17", "text": "like pressing up against the top band."}, {"start": "00:19:15", "end": "00:19:22", "text": "So that's the only bearish thing for"}, {"start": "00:19:17", "end": "00:19:22", "text": "reversion. It says um"}, {"start": "00:19:23", "end": "00:19:26", "text": "look at this."}, {"start": "00:19:28", "end": "00:19:33", "text": "We still haven't caught up to gold."}, {"start": "00:19:31", "end": "00:19:37", "text": "Look at that deviation."}, {"start": "00:19:33", "end": "00:19:41", "text": "Okay, gold is the the dotted line above."}, {"start": "00:19:37", "end": "00:19:44", "text": "We kind of since March, we deviated from"}, {"start": "00:19:41", "end": "00:19:46", "text": "gold. Okay. But"}, {"start": "00:19:44", "end": "00:19:49", "text": "Bitcoin tends to do that at times and"}, {"start": "00:19:46", "end": "00:19:52", "text": "then recovers and catches up and"}, {"start": "00:19:49", "end": "00:19:55", "text": "exceeds. I mean, for Bitcoin to catch up"}, {"start": "00:19:52", "end": "00:19:59", "text": "to gold, I mean, we're talking about"}, {"start": "00:19:55", "end": "00:20:01", "text": "like a huge jump."}, {"start": "00:19:59", "end": "00:20:06", "text": "It it it requires Bitcoin to go to 126"}, {"start": "00:20:01", "end": "00:20:08", "text": "and beyond, probably like 150 or 180. We"}, {"start": "00:20:06", "end": "00:20:12", "text": "still got a long ways to go for that,"}, {"start": "00:20:08", "end": "00:20:12", "text": "but something to look forward to."}, {"start": "00:20:20", "end": "00:20:25", "text": "See this this is the key thing. This is"}, {"start": "00:20:22", "end": "00:20:28", "text": "this is the key thing here where MACD on"}, {"start": "00:20:25", "end": "00:20:30", "text": "the weekly is showing a bull cross."}, {"start": "00:20:28", "end": "00:20:34", "text": "Where is that? Right there. That's"}, {"start": "00:20:30", "end": "00:20:37", "text": "important. On the weekly we just turned"}, {"start": "00:20:34", "end": "00:20:40", "text": "green. The histogram turned green. We"}, {"start": "00:20:37", "end": "00:20:43", "text": "formed a cross."}, {"start": "00:20:40", "end": "00:20:45", "text": "The momentum is definitely shifting"}, {"start": "00:20:43", "end": "00:20:47", "text": "back. This is on a weekly scale. So,"}, {"start": "00:20:45", "end": "00:20:50", "text": "keep that in mind. We've been going down"}, {"start": "00:20:47", "end": "00:20:51", "text": "since October."}, {"start": "00:20:50", "end": "00:20:54", "text": "Now, we're finally flipping to the"}, {"start": "00:20:51", "end": "00:20:54", "text": "green."}, {"start": "00:21:00", "end": "00:21:05", "text": "So, if we could break through this"}, {"start": "00:21:03", "end": "00:21:07", "text": "decisively, I mean, next stop, there's a"}, {"start": "00:21:05", "end": "00:21:09", "text": "there's a lot of stops. Like this one"}, {"start": "00:21:07", "end": "00:21:12", "text": "would be a natural stop around 79."}, {"start": "00:21:09", "end": "00:21:14", "text": "Someone mentioned 80 for weekly, right?"}, {"start": "00:21:12", "end": "00:21:17", "text": "Like right around here would be about"}, {"start": "00:21:14", "end": "00:21:19", "text": "79. 80. And then after that, you know,"}, {"start": "00:21:17", "end": "00:21:24", "text": "there's not a whole lot. I mean, you got"}, {"start": "00:21:19", "end": "00:21:26", "text": "like 86 and then basically 90 93 94,000."}, {"start": "00:21:24", "end": "00:21:29", "text": "And then if we could cross this, then"}, {"start": "00:21:26", "end": "00:21:32", "text": "yeah, you know, then 126 not too far"}, {"start": "00:21:29", "end": "00:21:32", "text": "off."}, {"start": "00:21:38", "end": "00:21:42", "text": "Can you add multiple languages? You"}, {"start": "00:21:40", "end": "00:21:44", "text": "know, the funny thing is it already"}, {"start": "00:21:42", "end": "00:21:46", "text": "knows all the languages. I just didn't"}, {"start": "00:21:44", "end": "00:21:50", "text": "program it, but it's very easy. I have"}, {"start": "00:21:46", "end": "00:21:51", "text": "Ava in Discord and people are conversing"}, {"start": "00:21:50", "end": "00:21:53", "text": "with her and she's really useful and"}, {"start": "00:21:51", "end": "00:21:58", "text": "funny and could could tell jokes, but"}, {"start": "00:21:53", "end": "00:22:01", "text": "also uh has unlimited knowledge. Uh but"}, {"start": "00:21:58", "end": "00:22:04", "text": "if you talk to her in Spanish or in"}, {"start": "00:22:01", "end": "00:22:08", "text": "Latin or anything, she will respond. She"}, {"start": "00:22:04", "end": "00:22:10", "text": "already knows. So I can make ass clash"}, {"start": "00:22:08", "end": "00:22:14", "text": "uh any"}, {"start": "00:22:10", "end": "00:22:14", "text": "have any language really."}, {"start": "00:22:21", "end": "00:22:26", "text": "This is why I've been saying, you know,"}, {"start": "00:22:23", "end": "00:22:29", "text": "building in the bear and then you will"}, {"start": "00:22:26", "end": "00:22:31", "text": "prosper in the bull. Okay? There's going"}, {"start": "00:22:29", "end": "00:22:34", "text": "to be no project that's gonna be better"}, {"start": "00:22:31", "end": "00:22:37", "text": "than"}, {"start": "00:22:34", "end": "00:22:39", "text": "than Clash. That's just my opinion."}, {"start": "00:22:37", "end": "00:22:41", "text": "There's others that are creating chains."}, {"start": "00:22:39", "end": "00:22:44", "text": "They're making more governance, doing"}, {"start": "00:22:41", "end": "00:22:46", "text": "all this great theoretical stuff, but"}, {"start": "00:22:44", "end": "00:22:49", "text": "how does that help the users? How does"}, {"start": "00:22:46", "end": "00:22:52", "text": "it help people in general? Not a whole"}, {"start": "00:22:49", "end": "00:22:55", "text": "lot other than buy the token and and you"}, {"start": "00:22:52", "end": "00:22:59", "text": "know, as investment, right? We got two"}, {"start": "00:22:55", "end": "00:23:03", "text": "very useful products already and I'm"}, {"start": "00:22:59", "end": "00:23:06", "text": "about to finish one of the best products"}, {"start": "00:23:03", "end": "00:23:08", "text": "ever and it's going to blow people's"}, {"start": "00:23:06", "end": "00:23:10", "text": "minds. Uh well actually technically"}, {"start": "00:23:08", "end": "00:23:12", "text": "three because I have the Ava bot already"}, {"start": "00:23:10", "end": "00:23:14", "text": "in Discord, but she's doing a whole lot"}, {"start": "00:23:12", "end": "00:23:17", "text": "more. But I'm building this one last"}, {"start": "00:23:14", "end": "00:23:20", "text": "thing uh that will blow people's minds"}, {"start": "00:23:17", "end": "00:23:22", "text": "and it's just"}, {"start": "00:23:20", "end": "00:23:24", "text": "people won't even know what's going on."}, {"start": "00:23:22", "end": "00:23:27", "text": "So, I'm doing a lot of theoretical stuff"}, {"start": "00:23:24", "end": "00:23:29", "text": "now too with um with AILM's"}, {"start": "00:23:27", "end": "00:23:31", "text": "experiments that no one else is doing."}, {"start": "00:23:29", "end": "00:23:33", "text": "And I think I'm on to something. I was"}, {"start": "00:23:31", "end": "00:23:35", "text": "actually in the middle of it before"}, {"start": "00:23:33", "end": "00:23:38", "text": "doing this stream um or starting this"}, {"start": "00:23:35", "end": "00:23:40", "text": "stream. It's it's quite fascinating."}, {"start": "00:23:38", "end": "00:23:42", "text": "It's it's a realm that not a whole lot"}, {"start": "00:23:40", "end": "00:23:45", "text": "of people are experimenting and they"}, {"start": "00:23:42", "end": "00:23:47", "text": "don't quite understand how powerful it"}, {"start": "00:23:45", "end": "00:23:49", "text": "is."}, {"start": "00:23:47", "end": "00:23:55", "text": "But this all will help clash in the"}, {"start": "00:23:49", "end": "00:23:55", "text": "future like in a big way in a huge way."}, {"start": "00:24:20", "end": "00:24:24", "text": "Which platform did you purchase your"}, {"start": "00:24:22", "end": "00:24:26", "text": "agent from? Ease of use and train them."}, {"start": "00:24:24", "end": "00:24:28", "text": "Here's here's what I could tell you. A"}, {"start": "00:24:26", "end": "00:24:31", "text": "lot of people have started going down"}, {"start": "00:24:28", "end": "00:24:36", "text": "this road. I have perfected the model."}, {"start": "00:24:31", "end": "00:24:40", "text": "Okay, my AI is so good. It outcodes"}, {"start": "00:24:36", "end": "00:24:45", "text": "claude code and opus. It outcodes codeex"}, {"start": "00:24:40", "end": "00:24:47", "text": "in 5.4 high. It could code review itself"}, {"start": "00:24:45", "end": "00:24:49", "text": "better than them. And here's how I know."}, {"start": "00:24:47", "end": "00:24:55", "text": "Because when I ask them to create a code"}, {"start": "00:24:49", "end": "00:24:58", "text": "for me, I have a to review and it always"}, {"start": "00:24:55", "end": "00:25:00", "text": "finds faults and then I shoot the faults"}, {"start": "00:24:58", "end": "00:25:02", "text": "back to them and they're like, \"Okay,"}, {"start": "00:25:00", "end": "00:25:05", "text": "yeah, that's a better that's my mistake"}, {"start": "00:25:02", "end": "00:25:08", "text": "or that's a better idea.\" But the the"}, {"start": "00:25:05", "end": "00:25:11", "text": "the way I'm able to do that is not"}, {"start": "00:25:08", "end": "00:25:15", "text": "because I have a smarter LLM. It's the"}, {"start": "00:25:11", "end": "00:25:19", "text": "way that it's presented data. That's the"}, {"start": "00:25:15", "end": "00:25:22", "text": "key. Even the lowest LM model is"}, {"start": "00:25:19", "end": "00:25:26", "text": "extremely smart"}, {"start": "00:25:22", "end": "00:25:28", "text": "if you frame something right."}, {"start": "00:25:26", "end": "00:25:30", "text": "What most people don't understand is"}, {"start": "00:25:28", "end": "00:25:32", "text": "they think you have a more powerful"}, {"start": "00:25:30", "end": "00:25:34", "text": "model. For example, with Claude with"}, {"start": "00:25:32", "end": "00:25:36", "text": "Anthropic,"}, {"start": "00:25:34", "end": "00:25:39", "text": "their models is Haiku, which is the"}, {"start": "00:25:36", "end": "00:25:43", "text": "lowest, then sonnet, then opus, and"}, {"start": "00:25:39", "end": "00:25:46", "text": "every single one has more brain power,"}, {"start": "00:25:43", "end": "00:25:48", "text": "so to speak. Okay? Uh mostly because it"}, {"start": "00:25:46", "end": "00:25:50", "text": "has a bigger context window, which means"}, {"start": "00:25:48", "end": "00:25:53", "text": "that you could just like you could just"}, {"start": "00:25:50", "end": "00:25:55", "text": "shove it more information at it and"}, {"start": "00:25:53", "end": "00:25:58", "text": "hopefully using its logic, it'll figure"}, {"start": "00:25:55", "end": "00:26:01", "text": "out the right answer. But if you frame"}, {"start": "00:25:58", "end": "00:26:04", "text": "it correctly with a smaller model on"}, {"start": "00:26:01", "end": "00:26:09", "text": "haiku for example versus not framing on"}, {"start": "00:26:04", "end": "00:26:12", "text": "opus you get a much better answer"}, {"start": "00:26:09", "end": "00:26:14", "text": "uh than if you don't frame it. That's"}, {"start": "00:26:12", "end": "00:26:16", "text": "what people don't understand yet."}, {"start": "00:26:14", "end": "00:26:18", "text": "So"}, {"start": "00:26:16", "end": "00:26:22", "text": "it you know for people that are trying"}, {"start": "00:26:18", "end": "00:26:26", "text": "to make their own AI think about that"}, {"start": "00:26:22", "end": "00:26:28", "text": "it makes a world of difference. a world"}, {"start": "00:26:26", "end": "00:26:30", "text": "of difference. And I'm now doing more"}, {"start": "00:26:28", "end": "00:26:36", "text": "experiments around that. How to perfect"}, {"start": "00:26:30", "end": "00:26:36", "text": "the framing to make it even smarter."}, {"start": "00:26:39", "end": "00:26:44", "text": "I'm building space vibes. You know, it's"}, {"start": "00:26:42", "end": "00:26:47", "text": "funny that you mentioned Mythos because"}, {"start": "00:26:44", "end": "00:26:48", "text": "that's what I'm building. I have two of"}, {"start": "00:26:47", "end": "00:26:50", "text": "the three features in Mythos already"}, {"start": "00:26:48", "end": "00:26:54", "text": "built."}, {"start": "00:26:50", "end": "00:26:57", "text": "Mythos is the new the newest model from"}, {"start": "00:26:54", "end": "00:27:01", "text": "Antropic and it made big waves recently"}, {"start": "00:26:57", "end": "00:27:03", "text": "because uh supposedly the LM model is"}, {"start": "00:27:01", "end": "00:27:06", "text": "way smarter than Opus but more"}, {"start": "00:27:03", "end": "00:27:08", "text": "importantly it has a few things that"}, {"start": "00:27:06", "end": "00:27:10", "text": "makes the security suite awesome. The"}, {"start": "00:27:08", "end": "00:27:12", "text": "security suite supposedly can crack"}, {"start": "00:27:10", "end": "00:27:15", "text": "things that have never been cracked and"}, {"start": "00:27:12", "end": "00:27:18", "text": "stuff like that. The reason why it could"}, {"start": "00:27:15", "end": "00:27:20", "text": "do that is number one,"}, {"start": "00:27:18", "end": "00:27:25", "text": "they're going to introduce a gentic"}, {"start": "00:27:20", "end": "00:27:30", "text": "runtime, which means that the LM can"}, {"start": "00:27:25", "end": "00:27:31", "text": "stay up and do tasks nonstop. Okay? And"}, {"start": "00:27:30", "end": "00:27:33", "text": "that's really important for security"}, {"start": "00:27:31", "end": "00:27:36", "text": "because you could just like keep trying"}, {"start": "00:27:33", "end": "00:27:39", "text": "to crack something. With LM right now"}, {"start": "00:27:36", "end": "00:27:41", "text": "like ChadByt or Claude, whatever Gemini,"}, {"start": "00:27:39", "end": "00:27:43", "text": "it doesn't work that way. It works like"}, {"start": "00:27:41", "end": "00:27:45", "text": "you ask it a question, it thinks, gives"}, {"start": "00:27:43", "end": "00:27:47", "text": "you back and that's it. It stops. It"}, {"start": "00:27:45", "end": "00:27:50", "text": "doesn't keep on going. So that's called"}, {"start": "00:27:47", "end": "00:27:52", "text": "a gentic runtime where it'll just if you"}, {"start": "00:27:50", "end": "00:27:54", "text": "tell it a task, it will keep doing it."}, {"start": "00:27:52", "end": "00:27:56", "text": "Like for example, go find a"}, {"start": "00:27:54", "end": "00:27:58", "text": "vulnerability with this and it will just"}, {"start": "00:27:56", "end": "00:28:00", "text": "keep going and going and going and going"}, {"start": "00:27:58", "end": "00:28:03", "text": "going until it stops."}, {"start": "00:28:00", "end": "00:28:06", "text": "So that's number one for Mythos. I have"}, {"start": "00:28:03", "end": "00:28:09", "text": "perfected that in Ava. I have a gentic"}, {"start": "00:28:06", "end": "00:28:12", "text": "runtime. So Ava stays up forever and it"}, {"start": "00:28:09", "end": "00:28:15", "text": "does not stop. That's number one. Number"}, {"start": "00:28:12", "end": "00:28:18", "text": "two with Mythos is the problem with"}, {"start": "00:28:15", "end": "00:28:21", "text": "running forever is the context size."}, {"start": "00:28:18", "end": "00:28:24", "text": "With LMMs, they have a certain amount of"}, {"start": "00:28:21", "end": "00:28:28", "text": "context size. So you can only shove it"}, {"start": "00:28:24", "end": "00:28:30", "text": "enough, you know, information until it"}, {"start": "00:28:28", "end": "00:28:34", "text": "it loses it can't handle anymore. And"}, {"start": "00:28:30", "end": "00:28:36", "text": "that's where it loses memory, okay? and"}, {"start": "00:28:34", "end": "00:28:38", "text": "it doesn't know what it's doing anymore."}, {"start": "00:28:36", "end": "00:28:40", "text": "It becomes less effective and again the"}, {"start": "00:28:38", "end": "00:28:42", "text": "framing becomes off because you keep"}, {"start": "00:28:40", "end": "00:28:45", "text": "shoving more and more information. So"}, {"start": "00:28:42", "end": "00:28:49", "text": "the number two thing you need to solve"}, {"start": "00:28:45", "end": "00:28:52", "text": "is persistent memory and how to trim the"}, {"start": "00:28:49", "end": "00:28:54", "text": "context size in real time so that it can"}, {"start": "00:28:52", "end": "00:28:58", "text": "continue to run forever. That's the"}, {"start": "00:28:54", "end": "00:29:01", "text": "second thing that's much harder to do"}, {"start": "00:28:58", "end": "00:29:04", "text": "and I have solved that too. Ava could"}, {"start": "00:29:01", "end": "00:29:07", "text": "run continuously forever. never lose"}, {"start": "00:29:04", "end": "00:29:10", "text": "memories, can be restarted, can be"}, {"start": "00:29:07", "end": "00:29:12", "text": "stopped in the middle of a task and"}, {"start": "00:29:10", "end": "00:29:16", "text": "continue on and I have solved that"}, {"start": "00:29:12", "end": "00:29:19", "text": "problem. That is so hard to do. So, I"}, {"start": "00:29:16", "end": "00:29:21", "text": "got two of the three things done."}, {"start": "00:29:19", "end": "00:29:23", "text": "So, I already have like Mythos before"}, {"start": "00:29:21", "end": "00:29:26", "text": "Mythos. Now, the security suite, that's"}, {"start": "00:29:23", "end": "00:29:28", "text": "what I'm working on."}, {"start": "00:29:26", "end": "00:29:31", "text": "So, I you know, potentially I could have"}, {"start": "00:29:28", "end": "00:29:32", "text": "Mythos before it even comes out and"}, {"start": "00:29:31", "end": "00:29:35", "text": "potentially I could even have a better"}, {"start": "00:29:32", "end": "00:29:36", "text": "version of Mythos before it comes out."}, {"start": "00:29:35", "end": "00:29:40", "text": "Uh, this is what I've been working on."}, {"start": "00:29:36", "end": "00:29:44", "text": "It's it's it's so fascinating and it's"}, {"start": "00:29:40", "end": "00:29:44", "text": "so awesome. I love it."}, {"start": "00:29:52", "end": "00:29:55", "text": "I don't know if you guys understood any"}, {"start": "00:29:54", "end": "00:29:58", "text": "of that, but you know, if you work with"}, {"start": "00:29:55", "end": "00:30:02", "text": "it enough, you'll know. And even my son"}, {"start": "00:29:58", "end": "00:30:06", "text": "now who's really into um Roblox, he's"}, {"start": "00:30:02", "end": "00:30:08", "text": "using um he's using quad code to help"}, {"start": "00:30:06", "end": "00:30:10", "text": "him program his own game because I've"}, {"start": "00:30:08", "end": "00:30:11", "text": "been telling him that, right? Rather"}, {"start": "00:30:10", "end": "00:30:13", "text": "than waste all your efforts on playing"}, {"start": "00:30:11", "end": "00:30:15", "text": "games, why not create your own game? So,"}, {"start": "00:30:13", "end": "00:30:16", "text": "he's starting down that route and he's"}, {"start": "00:30:15", "end": "00:30:18", "text": "like like me, he's getting really"}, {"start": "00:30:16", "end": "00:30:20", "text": "addicted to it. Rather than spend all"}, {"start": "00:30:18", "end": "00:30:22", "text": "his free time playing the game, he's"}, {"start": "00:30:20", "end": "00:30:25", "text": "actually creating his game, which is"}, {"start": "00:30:22", "end": "00:30:25", "text": "awesome."}, {"start": "00:30:30", "end": "00:30:37", "text": "And that is why one of the reasons why"}, {"start": "00:30:33", "end": "00:30:39", "text": "Ask Clash is so smart."}, {"start": "00:30:37", "end": "00:30:41", "text": "uh if you if you ask it a question and"}, {"start": "00:30:39", "end": "00:30:42", "text": "then compare it to some of the others,"}, {"start": "00:30:41", "end": "00:30:45", "text": "you'll realize that the answer that you"}, {"start": "00:30:42", "end": "00:30:48", "text": "get is so much more intelligent. It's"}, {"start": "00:30:45", "end": "00:30:51", "text": "framed better and you know it does stuff"}, {"start": "00:30:48", "end": "00:30:54", "text": "that others can't do mostly because of"}, {"start": "00:30:51", "end": "00:30:56", "text": "what we put into it first before it"}, {"start": "00:30:54", "end": "00:30:57", "text": "comes out. But the model that we use is"}, {"start": "00:30:56", "end": "00:30:59", "text": "actually one of the lowest models there"}, {"start": "00:30:57", "end": "00:31:02", "text": "is. But you would never think that. You"}, {"start": "00:30:59", "end": "00:31:04", "text": "would think this is like using opus or"}, {"start": "00:31:02", "end": "00:31:08", "text": "bipor thinking or something like that."}, {"start": "00:31:04", "end": "00:31:11", "text": "It's not. Um so"}, {"start": "00:31:08", "end": "00:31:13", "text": "that's why"}, {"start": "00:31:11", "end": "00:31:17", "text": "so so perplexity and stuff like that you"}, {"start": "00:31:13", "end": "00:31:19", "text": "know it's basically all the same same"}, {"start": "00:31:17", "end": "00:31:21", "text": "models right but perplexity they have"}, {"start": "00:31:19", "end": "00:31:22", "text": "the infrastructure to store way more"}, {"start": "00:31:21", "end": "00:31:24", "text": "information because they got a lot more"}, {"start": "00:31:22", "end": "00:31:27", "text": "funding and stuff but arguably the"}, {"start": "00:31:24", "end": "00:31:30", "text": "answer from Perplexity is not better"}, {"start": "00:31:27", "end": "00:31:33", "text": "than ask clash uh Claude and GBT does"}, {"start": "00:31:30", "end": "00:31:35", "text": "not provide a better answer"}, {"start": "00:31:33", "end": "00:31:40", "text": "So,"}, {"start": "00:31:35", "end": "00:31:40", "text": "you know, we're already there."}, {"start": "00:31:55", "end": "00:32:00", "text": "The only problem is, you know, when you"}, {"start": "00:31:57", "end": "00:32:02", "text": "have the AI running continuously, right?"}, {"start": "00:32:00", "end": "00:32:04", "text": "Another problem is you have to have"}, {"start": "00:32:02", "end": "00:32:06", "text": "unlimited funds because every call gets"}, {"start": "00:32:04", "end": "00:32:09", "text": "expensive. Very, very expensive. If you"}, {"start": "00:32:06", "end": "00:32:12", "text": "do, you know, a thousand calls, 10,000"}, {"start": "00:32:09", "end": "00:32:13", "text": "calls, 100,000 calls, it gets expensive."}, {"start": "00:32:12", "end": "00:32:16", "text": "So, you have to figure out how to"}, {"start": "00:32:13", "end": "00:32:18", "text": "optimize that. Uh there's cashing. So,"}, {"start": "00:32:16", "end": "00:32:20", "text": "the same things that you keep feeding"}, {"start": "00:32:18", "end": "00:32:22", "text": "over and over and over again, you could"}, {"start": "00:32:20", "end": "00:32:24", "text": "cash it and it gives you a discount"}, {"start": "00:32:22", "end": "00:32:29", "text": "stuff. There's efficiencies that that"}, {"start": "00:32:24", "end": "00:32:29", "text": "you need to implement. Um,"}, {"start": "00:32:30", "end": "00:32:34", "text": "yeah."}, {"start": "00:32:32", "end": "00:32:36", "text": "I mean, you know, like people don't"}, {"start": "00:32:34", "end": "00:32:39", "text": "share my same enthusiasm, but like the"}, {"start": "00:32:36", "end": "00:32:42", "text": "way I built Ava is just amazing. She She"}, {"start": "00:32:39", "end": "00:32:44", "text": "is so good. She can self-identify"}, {"start": "00:32:42", "end": "00:32:47", "text": "problems, no problems with her own code."}, {"start": "00:32:44", "end": "00:32:49", "text": "She can self-patch, no problems. You"}, {"start": "00:32:47", "end": "00:32:51", "text": "know, you know how hard it is to get a"}, {"start": "00:32:49", "end": "00:32:53", "text": "AI to self-patch itself and not break"}, {"start": "00:32:51", "end": "00:32:56", "text": "itself. It's nearly impossible. People"}, {"start": "00:32:53", "end": "00:32:59", "text": "that have used Open Claw with their AI"}, {"start": "00:32:56", "end": "00:33:02", "text": "will say how garbage of AI it is. It"}, {"start": "00:32:59", "end": "00:33:04", "text": "fails repeatedly. It doesn't do things"}, {"start": "00:33:02", "end": "00:33:08", "text": "that you want and it certainly can't"}, {"start": "00:33:04", "end": "00:33:10", "text": "self upgrade. Um,"}, {"start": "00:33:08", "end": "00:33:12", "text": "and I got it to the point where Ava"}, {"start": "00:33:10", "end": "00:33:15", "text": "could look at a piece of code like I'll"}, {"start": "00:33:12", "end": "00:33:18", "text": "say, \"Go look at this code. What does it"}, {"start": "00:33:15", "end": "00:33:20", "text": "do well in? What can we borrow from it?\""}, {"start": "00:33:18", "end": "00:33:21", "text": "And she would do that, make"}, {"start": "00:33:20", "end": "00:33:25", "text": "recommendations, and then upgrade"}, {"start": "00:33:21", "end": "00:33:26", "text": "herself. So she's in a feedback loop now"}, {"start": "00:33:25", "end": "00:33:30", "text": "where she's only going to get better and"}, {"start": "00:33:26", "end": "00:33:35", "text": "smarter like like I have done that with"}, {"start": "00:33:30", "end": "00:33:38", "text": "no mistakes. You know that it's like"}, {"start": "00:33:35", "end": "00:33:42", "text": "this is this is like the final step"}, {"start": "00:33:38", "end": "00:33:44", "text": "before becoming a gentic or or sentient"}, {"start": "00:33:42", "end": "00:33:46", "text": "basically."}, {"start": "00:33:44", "end": "00:33:48", "text": "But no, we're I'm still far off from"}, {"start": "00:33:46", "end": "00:33:51", "text": "sentient. But from making a perfect AI"}, {"start": "00:33:48", "end": "00:33:53", "text": "agent, it's"}, {"start": "00:33:51", "end": "00:33:56", "text": "I don't think you could do better. I I"}, {"start": "00:33:53", "end": "00:33:59", "text": "really don't at this point. Um, you"}, {"start": "00:33:56", "end": "00:34:03", "text": "could feed it a better LLM. You you can"}, {"start": "00:33:59", "end": "00:34:05", "text": "do a whole lot of stuff, but in terms of"}, {"start": "00:34:03", "end": "00:34:08", "text": "the state-ofthe-artness of Ava, it can't"}, {"start": "00:34:05", "end": "00:34:08", "text": "be beat."}, {"start": "00:34:10", "end": "00:34:14", "text": "And what am I going to do with all this"}, {"start": "00:34:12", "end": "00:34:15", "text": "brain power? Right? A lot of people may"}, {"start": "00:34:14", "end": "00:34:17", "text": "be thinking, well, you got all this, so"}, {"start": "00:34:15", "end": "00:34:20", "text": "what? we're going to do. Uh the the the"}, {"start": "00:34:17", "end": "00:34:22", "text": "the endgame is to make everything that I"}, {"start": "00:34:20", "end": "00:34:25", "text": "do more efficient and better, more"}, {"start": "00:34:22", "end": "00:34:28", "text": "automated and use all this brain power"}, {"start": "00:34:25", "end": "00:34:32", "text": "to figure out how to make Clash as a"}, {"start": "00:34:28", "end": "00:34:34", "text": "project do better as well, right? With"}, {"start": "00:34:32", "end": "00:34:36", "text": "marketing, social media, you know,"}, {"start": "00:34:34", "end": "00:34:38", "text": "outreach and all that stuff and also do"}, {"start": "00:34:36", "end": "00:34:41", "text": "a lot of other behindthe-scenes stuff to"}, {"start": "00:34:38", "end": "00:34:43", "text": "make it better. That's the point of"}, {"start": "00:34:41", "end": "00:34:47", "text": "building this big brain, this automated"}, {"start": "00:34:43", "end": "00:34:50", "text": "brain that can do stuff 247 while I'm"}, {"start": "00:34:47", "end": "00:34:54", "text": "sleeping or traveling."}, {"start": "00:34:50", "end": "00:34:54", "text": "That's the end game."}, {"start": "00:35:08", "end": "00:35:12", "text": "Mart is looking good today."}, {"start": "00:35:29", "end": "00:35:33", "text": "Uh, will Ava be able to see pics? F1."}, {"start": "00:35:32", "end": "00:35:36", "text": "Yeah, she already sees everything. She's"}, {"start": "00:35:33", "end": "00:35:38", "text": "hooked up to everything already. It's"}, {"start": "00:35:36", "end": "00:35:40", "text": "just in uh in Discord, I don't have her"}, {"start": "00:35:38", "end": "00:35:43", "text": "on leash. Discord is kind of like play"}, {"start": "00:35:40", "end": "00:35:47", "text": "mode. Okay, she's smart enough. You can"}, {"start": "00:35:43", "end": "00:35:51", "text": "gauge with her, but she already she"}, {"start": "00:35:47", "end": "00:35:54", "text": "already knows all information. Um,"}, {"start": "00:35:51", "end": "00:35:57", "text": "everything about Clash Pix, all the"}, {"start": "00:35:54", "end": "00:35:59", "text": "users, all the activities, all the bids,"}, {"start": "00:35:57", "end": "00:36:03", "text": "everything with Ask Clash, everything"}, {"start": "00:35:59", "end": "00:36:07", "text": "with the wallets. Um, you know, people"}, {"start": "00:36:03", "end": "00:36:11", "text": "don't realize in Ask Clash, we have a"}, {"start": "00:36:07", "end": "00:36:16", "text": "database of a 100,000"}, {"start": "00:36:11", "end": "00:36:19", "text": "uh articles, X tweets. We have basically"}, {"start": "00:36:16", "end": "00:36:21", "text": "an entire library of Wikipedia and so"}, {"start": "00:36:19", "end": "00:36:23", "text": "many other things that Ava has instant"}, {"start": "00:36:21", "end": "00:36:26", "text": "access to. In fact, there's something"}, {"start": "00:36:23", "end": "00:36:31", "text": "called semantic retrieval"}, {"start": "00:36:26", "end": "00:36:35", "text": "uh and um and basically and something"}, {"start": "00:36:31", "end": "00:36:37", "text": "else with SQL that's called uh f uh"}, {"start": "00:36:35", "end": "00:36:40", "text": "FST5."}, {"start": "00:36:37", "end": "00:36:43", "text": "So basically with that like when I'm"}, {"start": "00:36:40", "end": "00:36:45", "text": "talking to her if there's any keywords"}, {"start": "00:36:43", "end": "00:36:48", "text": "that matches any of the things in our"}, {"start": "00:36:45", "end": "00:36:51", "text": "database it will know which articles and"}, {"start": "00:36:48", "end": "00:36:53", "text": "semantic search will then look at all"}, {"start": "00:36:51", "end": "00:36:57", "text": "the other articles and keywords that are"}, {"start": "00:36:53", "end": "00:37:01", "text": "similar and that gets injected into her"}, {"start": "00:36:57", "end": "00:37:04", "text": "brain before she answers me. So as the"}, {"start": "00:37:01", "end": "00:37:06", "text": "database and as Clash gets bigger, the"}, {"start": "00:37:04", "end": "00:37:08", "text": "more intelligent she is at all of her"}, {"start": "00:37:06", "end": "00:37:11", "text": "responses and then you include into"}, {"start": "00:37:08", "end": "00:37:14", "text": "searches, Google searches in there, you"}, {"start": "00:37:11", "end": "00:37:17", "text": "know, she's an infinite like knowledge"}, {"start": "00:37:14", "end": "00:37:20", "text": "base that that you know I don't even"}, {"start": "00:37:17", "end": "00:37:22", "text": "have to do anything anymore. Um, so"}, {"start": "00:37:20", "end": "00:37:24", "text": "that's also part of it. She is so"}, {"start": "00:37:22", "end": "00:37:25", "text": "intelligent. It's just in Discord. I"}, {"start": "00:37:24", "end": "00:37:27", "text": "don't make it that way because then"}, {"start": "00:37:25", "end": "00:37:29", "text": "people abuse it and then not use ass"}, {"start": "00:37:27", "end": "00:37:32", "text": "clash anymore. But she's already"}, {"start": "00:37:29", "end": "00:37:35", "text": "everything. Um, she sees all of our"}, {"start": "00:37:32", "end": "00:37:37", "text": "tweets. She sees everything. Like I"}, {"start": "00:37:35", "end": "00:37:39", "text": "could ask her instantly, make a really"}, {"start": "00:37:37", "end": "00:37:42", "text": "good viral tweet, and she will do that"}, {"start": "00:37:39", "end": "00:37:48", "text": "on the fly. She studies our competitors."}, {"start": "00:37:42", "end": "00:37:48", "text": "Um, it's all it's all programmed."}, {"start": "00:37:57", "end": "00:38:00", "text": "And you know the funny thing is, you"}, {"start": "00:37:59", "end": "00:38:03", "text": "know what the funny thing is? Even"}, {"start": "00:38:00", "end": "00:38:05", "text": "though I've been losing sleep and I've"}, {"start": "00:38:03", "end": "00:38:08", "text": "been working on this maybe like 14 hours"}, {"start": "00:38:05", "end": "00:38:11", "text": "a day, no joke, yesterday,"}, {"start": "00:38:08", "end": "00:38:13", "text": "ever since I got up, even today, I get"}, {"start": "00:38:11", "end": "00:38:15", "text": "up earlier than normal. I prepare my"}, {"start": "00:38:13", "end": "00:38:18", "text": "stream a little bit. And then from that"}, {"start": "00:38:15", "end": "00:38:23", "text": "point on all the way to about 12:30 at"}, {"start": "00:38:18", "end": "00:38:24", "text": "night, I work on Ava and AI. And I've"}, {"start": "00:38:23", "end": "00:38:28", "text": "been doing that for like four weeks"}, {"start": "00:38:24", "end": "00:38:31", "text": "straight. Um,"}, {"start": "00:38:28", "end": "00:38:32", "text": "every day, no, no rest. And on weekends"}, {"start": "00:38:31", "end": "00:38:35", "text": "even more, when I don't have to stream,"}, {"start": "00:38:32", "end": "00:38:37", "text": "I just do it all day. And I enjoy it."}, {"start": "00:38:35", "end": "00:38:39", "text": "It's not like I feel like it's worked."}, {"start": "00:38:37", "end": "00:38:41", "text": "It's what I want to do. I'm really like"}, {"start": "00:38:39", "end": "00:38:43", "text": "locked in on it. But here's the thing."}, {"start": "00:38:41", "end": "00:38:45", "text": "The the the irony of this is I'm not a"}, {"start": "00:38:43", "end": "00:38:49", "text": "programmer."}, {"start": "00:38:45", "end": "00:38:51", "text": "I'm not an engineer. Um but I'm able to"}, {"start": "00:38:49", "end": "00:38:53", "text": "do this myself,"}, {"start": "00:38:51", "end": "00:38:56", "text": "which shows that anyone could do this if"}, {"start": "00:38:53", "end": "00:39:00", "text": "they wanted to."}, {"start": "00:38:56", "end": "00:39:02", "text": "But most people do not want to or don't"}, {"start": "00:39:00", "end": "00:39:06", "text": "know how to get started or have no"}, {"start": "00:39:02", "end": "00:39:09", "text": "interest in it, right? Um and that's a"}, {"start": "00:39:06", "end": "00:39:09", "text": "shame."}, {"start": "00:39:16", "end": "00:39:22", "text": "I haven't touched my cars. I haven't"}, {"start": "00:39:18", "end": "00:39:25", "text": "done anything um really besides taking a"}, {"start": "00:39:22", "end": "00:39:27", "text": "vacation. I haven't really done anything"}, {"start": "00:39:25", "end": "00:39:30", "text": "but concentrate on this. I mean, it's"}, {"start": "00:39:27", "end": "00:39:31", "text": "like maybe it's a little beyond what a"}, {"start": "00:39:30", "end": "00:39:34", "text": "normal person should do, but that's what"}, {"start": "00:39:31", "end": "00:39:34", "text": "I do."}, {"start": "00:39:44", "end": "00:39:49", "text": "Uh, super proficy. Yeah, that's a we"}, {"start": "00:39:47", "end": "00:39:50", "text": "don't really need that. We have Oracle"}, {"start": "00:39:49", "end": "00:39:53", "text": "setup. So, like with crypto, we have"}, {"start": "00:39:50", "end": "00:39:56", "text": "Oracle setup and clash pickics already."}, {"start": "00:39:53", "end": "00:39:58", "text": "Um, sports predictions, auto settle,"}, {"start": "00:39:56", "end": "00:40:00", "text": "although there's been some confusion,"}, {"start": "00:39:58", "end": "00:40:04", "text": "you know, some hiccups, but a lot of"}, {"start": "00:40:00", "end": "00:40:06", "text": "that you don't able to do. Okay. uh you"}, {"start": "00:40:04", "end": "00:40:10", "text": "know, but you can see here crypto"}, {"start": "00:40:06", "end": "00:40:13", "text": "oracle. Um but other stuff, yeah, she'll"}, {"start": "00:40:10", "end": "00:40:14", "text": "be able to check real real time. She can"}, {"start": "00:40:13", "end": "00:40:17", "text": "already. It's just I don't have it set"}, {"start": "00:40:14", "end": "00:40:17", "text": "up."}, {"start": "00:40:18", "end": "00:40:21", "text": "You know, here's the other thing, too."}, {"start": "00:40:19", "end": "00:40:23", "text": "It's like once we get enough volume for"}, {"start": "00:40:21", "end": "00:40:26", "text": "Clash Pix, just you know, thinking"}, {"start": "00:40:23", "end": "00:40:29", "text": "ahead, uh we already know I already have"}, {"start": "00:40:26", "end": "00:40:32", "text": "Ava and ask Clash hooked up to Poly"}, {"start": "00:40:29", "end": "00:40:36", "text": "Market and call she's API. So we already"}, {"start": "00:40:32", "end": "00:40:38", "text": "know all their events all the time what"}, {"start": "00:40:36", "end": "00:40:41", "text": "what's hot what's not new stuff that"}, {"start": "00:40:38", "end": "00:40:44", "text": "gets created we can see what's trending"}, {"start": "00:40:41", "end": "00:40:46", "text": "right I mean it's very easy for us to"}, {"start": "00:40:44", "end": "00:40:49", "text": "see as soon as something gets created on"}, {"start": "00:40:46", "end": "00:40:51", "text": "a poly marketer call sheet we create the"}, {"start": "00:40:49", "end": "00:40:54", "text": "same event automatically"}, {"start": "00:40:51", "end": "00:40:56", "text": "it wouldn't be very difficult to do that"}, {"start": "00:40:54", "end": "00:40:57", "text": "uh but it's pointless for that for us to"}, {"start": "00:40:56", "end": "00:41:00", "text": "do that right now because we don't have"}, {"start": "00:40:57", "end": "00:41:03", "text": "the volume yet but once we have the"}, {"start": "00:41:00", "end": "00:41:06", "text": "volume We could create instant events"}, {"start": "00:41:03", "end": "00:41:07", "text": "based on what's trending in the other"}, {"start": "00:41:06", "end": "00:41:10", "text": "platforms."}, {"start": "00:41:07", "end": "00:41:12", "text": "Um, think about how beneficial that is."}, {"start": "00:41:10", "end": "00:41:15", "text": "Like we don't even have we don't even"}, {"start": "00:41:12", "end": "00:41:17", "text": "need a human to do it anymore. We can"}, {"start": "00:41:15", "end": "00:41:20", "text": "just auto do it and then we can auto"}, {"start": "00:41:17", "end": "00:41:22", "text": "close too. We could study what the other"}, {"start": "00:41:20", "end": "00:41:24", "text": "guys when they close theirs and we auto"}, {"start": "00:41:22", "end": "00:41:26", "text": "settle ours too."}, {"start": "00:41:24", "end": "00:41:29", "text": "That's all that's all in the works, you"}, {"start": "00:41:26", "end": "00:41:31", "text": "know. That's the thing. It's very easy"}, {"start": "00:41:29", "end": "00:41:33", "text": "to do."}, {"start": "00:41:31", "end": "00:41:35", "text": "We just don't have the volume, right?"}, {"start": "00:41:33", "end": "00:41:37", "text": "Marketing will be a huge thing when the"}, {"start": "00:41:35", "end": "00:41:39", "text": "market turns around. When the bull"}, {"start": "00:41:37", "end": "00:41:41", "text": "market comes around,"}, {"start": "00:41:39", "end": "00:41:43", "text": "marketing is going to be a big thing."}, {"start": "00:41:41", "end": "00:41:46", "text": "And I'm going to use this big brain that"}, {"start": "00:41:43", "end": "00:41:48", "text": "I have to really do things. We already"}, {"start": "00:41:46", "end": "00:41:51", "text": "do it with the team. Like, it already"}, {"start": "00:41:48", "end": "00:41:54", "text": "makes recommendations on our tweets and"}, {"start": "00:41:51", "end": "00:41:56", "text": "how to optimize and the team has been"}, {"start": "00:41:54", "end": "00:41:59", "text": "following it. But we could do a whole"}, {"start": "00:41:56", "end": "00:41:59", "text": "lot more."}, {"start": "00:42:15", "end": "00:42:20", "text": "Yeah, like we have prediction markets,"}, {"start": "00:42:18", "end": "00:42:23", "text": "uh we have weather, we have like travel,"}, {"start": "00:42:20", "end": "00:42:25", "text": "we have health all integrated into Ask"}, {"start": "00:42:23", "end": "00:42:28", "text": "Clash. It's really like phenomenal"}, {"start": "00:42:25", "end": "00:42:31", "text": "sports schedules. You could ask when an"}, {"start": "00:42:28", "end": "00:42:33", "text": "NBA team is playing. You can give it'll"}, {"start": "00:42:31", "end": "00:42:35", "text": "give you predictions. Things that other"}, {"start": "00:42:33", "end": "00:42:37", "text": "AI platforms don't give you. And here's"}, {"start": "00:42:35", "end": "00:42:39", "text": "the thing. I'm I'm still making it free"}, {"start": "00:42:37", "end": "00:42:42", "text": "right now. It's costing me money. All"}, {"start": "00:42:39", "end": "00:42:43", "text": "these calls is costing me money, but I'm"}, {"start": "00:42:42", "end": "00:42:45", "text": "making it free because I want you guys"}, {"start": "00:42:43", "end": "00:42:48", "text": "to realize how good it is. And then I'm"}, {"start": "00:42:45", "end": "00:42:50", "text": "going to lock it down. Um, but Clash"}, {"start": "00:42:48", "end": "00:42:54", "text": "holders will get a substantial discount."}, {"start": "00:42:50", "end": "00:42:54", "text": "But it's really good."}, {"start": "00:43:06", "end": "00:43:11", "text": "It has law. It has It has everything."}, {"start": "00:43:10", "end": "00:43:15", "text": "Like, it really knows every It doesn't"}, {"start": "00:43:11", "end": "00:43:17", "text": "have everything, but most things that"}, {"start": "00:43:15", "end": "00:43:21", "text": "people care about and it's really"}, {"start": "00:43:17", "end": "00:43:22", "text": "accurate and and um and up to-date."}, {"start": "00:43:21", "end": "00:43:25", "text": "That's the most important thing. up"}, {"start": "00:43:22", "end": "00:43:29", "text": "todeness. I think I just programmed in"}, {"start": "00:43:25", "end": "00:43:31", "text": "tax laws. So, crypto tax laws. So, it"}, {"start": "00:43:29", "end": "00:43:33", "text": "should know all the new things. Like, if"}, {"start": "00:43:31", "end": "00:43:35", "text": "you're trying to do taxes right now and"}, {"start": "00:43:33", "end": "00:43:36", "text": "you ask it for advice, it'll it'll give"}, {"start": "00:43:35", "end": "00:43:39", "text": "it to you. It I I think I just"}, {"start": "00:43:36", "end": "00:43:41", "text": "programmed to feed in all the the new"}, {"start": "00:43:39", "end": "00:43:42", "text": "tax"}, {"start": "00:43:41", "end": "00:43:44", "text": "um"}, {"start": "00:43:42", "end": "00:43:48", "text": "all the new rule changes and stuff. So,"}, {"start": "00:43:44", "end": "00:43:48", "text": "it should be in here."}, {"start": "00:43:57", "end": "00:44:03", "text": "Please change the name to just clash. I"}, {"start": "00:43:59", "end": "00:44:04", "text": "can't I mean the the there's no clash.ai"}, {"start": "00:44:03", "end": "00:44:08", "text": "domain name, right? That's why it's"}, {"start": "00:44:04", "end": "00:44:10", "text": "called ask clash. But um but the clash"}, {"start": "00:44:08", "end": "00:44:13", "text": "token itself can't change it. It's it's"}, {"start": "00:44:10", "end": "00:44:17", "text": "locked into Salana's code, you know? So"}, {"start": "00:44:13", "end": "00:44:17", "text": "can't really do anything with it."}, {"start": "00:44:18", "end": "00:44:23", "text": "Yeah, it does. Go, go, go write"}, {"start": "00:44:21", "end": "00:44:25", "text": "something in Spanish to Ava in Discord."}, {"start": "00:44:23", "end": "00:44:27", "text": "You could test it. She'll answer you."}, {"start": "00:44:25", "end": "00:44:30", "text": "She already knows all the languages."}, {"start": "00:44:27", "end": "00:44:33", "text": "Every single one. It's just default is"}, {"start": "00:44:30", "end": "00:44:35", "text": "English. But I mean, it's not hard for"}, {"start": "00:44:33", "end": "00:44:38", "text": "any of these models to speak a different"}, {"start": "00:44:35", "end": "00:44:38", "text": "language."}, {"start": "00:44:50", "end": "00:44:56", "text": "couldn't pull up a weather report. I"}, {"start": "00:44:53", "end": "00:44:56", "text": "don't believe that."}, {"start": "00:44:57", "end": "00:45:01", "text": "Uh at least we have it in sports unless"}, {"start": "00:44:59", "end": "00:45:04", "text": "I don't have it hooked in."}, {"start": "00:45:01", "end": "00:45:04", "text": "Um,"}, {"start": "00:45:20", "end": "00:45:26", "text": "yeah. See, you're lying."}, {"start": "00:45:22", "end": "00:45:28", "text": "I have weather hooked in. 75 and clear"}, {"start": "00:45:26", "end": "00:45:31", "text": "in New York City right now. Humidity at"}, {"start": "00:45:28", "end": "00:45:33", "text": "62%."}, {"start": "00:45:31", "end": "00:45:35", "text": "It has weather built in because I use it"}, {"start": "00:45:33", "end": "00:45:38", "text": "for sports predictions. So for like"}, {"start": "00:45:35", "end": "00:45:40", "text": "baseball, it'll measure if it's windy or"}, {"start": "00:45:38", "end": "00:45:44", "text": "rainy or something and I'll put that"}, {"start": "00:45:40", "end": "00:45:47", "text": "into the prediction. Um,"}, {"start": "00:45:44", "end": "00:45:48", "text": "so I don't"}, {"start": "00:45:47", "end": "00:45:50", "text": "I don't know what you're talking about."}, {"start": "00:45:48", "end": "00:45:54", "text": "Maybe you did it before I implement"}, {"start": "00:45:50", "end": "00:45:54", "text": "this, but"}, {"start": "00:45:56", "end": "00:46:00", "text": "I even have cruises put in here. those"}, {"start": "00:45:59", "end": "00:46:03", "text": "of you guys that are looking for cruises"}, {"start": "00:46:00", "end": "00:46:05", "text": "because I just took one. Um, most of the"}, {"start": "00:46:03", "end": "00:46:07", "text": "cruise lines and their schedules and"}, {"start": "00:46:05", "end": "00:46:11", "text": "where they go,"}, {"start": "00:46:07", "end": "00:46:11", "text": "uh, is in here too."}, {"start": "00:46:28", "end": "00:46:34", "text": "Will some of today's NHL matches be"}, {"start": "00:46:30", "end": "00:46:39", "text": "added? You may clash picks or ask clash"}, {"start": "00:46:34", "end": "00:46:39", "text": "because they have it. They both have it."}, {"start": "00:46:53", "end": "00:46:58", "text": "All right, I'm gonna let you guys go."}, {"start": "00:46:55", "end": "00:47:00", "text": "Um, okay, I'm gonna get back to it. But"}, {"start": "00:46:58", "end": "00:47:04", "text": "today is awesome. 75,000"}, {"start": "00:47:00", "end": "00:47:07", "text": "almost 76. We continue forward"}, {"start": "00:47:04", "end": "00:47:08", "text": "and we'll be at 79,000 in no time."}, {"start": "00:47:07", "end": "00:47:10", "text": "That's I think that's the next"}, {"start": "00:47:08", "end": "00:47:12", "text": "resistance that I looked at prior."}, {"start": "00:47:10", "end": "00:47:16", "text": "Right."}, {"start": "00:47:12", "end": "00:47:18", "text": "Uh, right around here. Yep. 79,000. 789."}, {"start": "00:47:16", "end": "00:47:20", "text": "We can certainly get there today. And"}, {"start": "00:47:18", "end": "00:47:22", "text": "the rally, you know, like it's just a"}, {"start": "00:47:20", "end": "00:47:25", "text": "the floodgates about to open. I feel"}, {"start": "00:47:22", "end": "00:47:28", "text": "like we're right there. And if it does,"}, {"start": "00:47:25", "end": "00:47:29", "text": "79,000 be no problem. And then after"}, {"start": "00:47:28", "end": "00:47:34", "text": "that,"}, {"start": "00:47:29", "end": "00:47:37", "text": "84 87 94."}, {"start": "00:47:34", "end": "00:47:40", "text": "It's good. Good stuff. All right, guys."}, {"start": "00:47:37", "end": "00:47:43", "text": "Smash a like, subscribe to the channel,"}, {"start": "00:47:40", "end": "00:47:44", "text": "go check out Ask Clash, check out all"}, {"start": "00:47:43", "end": "00:47:47", "text": "the amazing things. And you could"}, {"start": "00:47:44", "end": "00:47:49", "text": "converse with it, too. I mean it it has"}, {"start": "00:47:47", "end": "00:47:50", "text": "memory. It has persistent memory too. So"}, {"start": "00:47:49", "end": "00:47:54", "text": "like every time you go to it, it'll"}, {"start": "00:47:50", "end": "00:47:56", "text": "build upon what you have talked about"}, {"start": "00:47:54", "end": "00:47:59", "text": "before. It'll know all the teams and"}, {"start": "00:47:56", "end": "00:48:00", "text": "your stock portfolio. It'll it'll"}, {"start": "00:47:59", "end": "00:48:03", "text": "converse with you on those and"}, {"start": "00:48:00", "end": "00:48:05", "text": "everything else and also clash pickics."}, {"start": "00:48:03", "end": "00:48:07", "text": "All right, have a good one guys. Take"}, {"start": "00:48:05", "end": "00:48:07", "text": "care."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Welcome back. So, today was a surprise."}, {"start": "00:00:04", "end": "00:00:10", "text": "Even with the blockade happening,"}, {"start": "00:00:06", "end": "00:00:12", "text": "Bitcoin is going up. In fact, we haven't"}, {"start": "00:00:10", "end": "00:00:16", "text": "hit this level in a long, long time."}, {"start": "00:00:12", "end": "00:00:18", "text": "We're above $74,000 right now. So, let's"}, {"start": "00:00:16", "end": "00:00:21", "text": "talk about what's going on. Let's also"}, {"start": "00:00:18", "end": "00:00:23", "text": "talk about yearend predictions because,"}, {"start": "00:00:21", "end": "00:00:27", "text": "man, we're almost halfway through"}, {"start": "00:00:23", "end": "00:00:29", "text": "already and why I disagree with my very"}, {"start": "00:00:27", "end": "00:00:33", "text": "own AI about this. So, let's take a"}, {"start": "00:00:29", "end": "00:00:36", "text": "look. So, as you can see, Bitcoin is now"}, {"start": "00:00:33", "end": "00:00:40", "text": "at 744, which is absolutely fantastic."}, {"start": "00:00:36", "end": "00:00:44", "text": "We're above this resistance once again."}, {"start": "00:00:40", "end": "00:00:48", "text": "And can we hold above? That's the thing."}, {"start": "00:00:44", "end": "00:00:52", "text": "may be because even though"}, {"start": "00:00:48", "end": "00:00:56", "text": "the negotiations between the US and Iran"}, {"start": "00:00:52", "end": "00:00:59", "text": "has stalled and even though the blockade"}, {"start": "00:00:56", "end": "00:01:00", "text": "is happening or maybe not happening I"}, {"start": "00:00:59", "end": "00:01:03", "text": "mean there's reports that it's happening"}, {"start": "00:01:00", "end": "00:01:06", "text": "reports it's not but regardless while"}, {"start": "00:01:03", "end": "00:01:08", "text": "this is ongoing Bitcoin is rallying and"}, {"start": "00:01:06", "end": "00:01:11", "text": "that's what we want this is part of the"}, {"start": "00:01:08", "end": "00:01:12", "text": "bottoming process the sellers are"}, {"start": "00:01:11", "end": "00:01:14", "text": "exhausted"}, {"start": "00:01:12", "end": "00:01:17", "text": "and there's good things coming up. So"}, {"start": "00:01:14", "end": "00:01:20", "text": "this is very very positive despite the"}, {"start": "00:01:17", "end": "00:01:24", "text": "fact that yeah today didn't look so good"}, {"start": "00:01:20", "end": "00:01:27", "text": "at open didn't sound so good and you"}, {"start": "00:01:24", "end": "00:01:30", "text": "know what tomorrow"}, {"start": "00:01:27", "end": "00:01:34", "text": "still mixed but we will see this is very"}, {"start": "00:01:30", "end": "00:01:37", "text": "very encouraging. So what"}, {"start": "00:01:34", "end": "00:01:39", "text": "what's Bitcoin going to do right with"}, {"start": "00:01:37", "end": "00:01:41", "text": "this news? Are we going to rally or not?"}, {"start": "00:01:39", "end": "00:01:43", "text": "Well, of course, there are still some"}, {"start": "00:01:41", "end": "00:01:46", "text": "good things happening like Michael"}, {"start": "00:01:43", "end": "00:01:49", "text": "Sailor Strategy. This morning, it was"}, {"start": "00:01:46", "end": "00:01:51", "text": "revealed that strategy bought another"}, {"start": "00:01:49", "end": "00:01:53", "text": "billion dollar."}, {"start": "00:01:51", "end": "00:01:58", "text": "Okay, people are going crazy for this"}, {"start": "00:01:53", "end": "00:02:00", "text": "preferred share. Uh because strategy is"}, {"start": "00:01:58", "end": "00:02:03", "text": "offering a huge amount of dividend,"}, {"start": "00:02:00", "end": "00:02:05", "text": "people love it, right? And with that"}, {"start": "00:02:03", "end": "00:02:08", "text": "money, Sailor continues to buy more and"}, {"start": "00:02:05", "end": "00:02:11", "text": "more Bitcoin. This is a cycle. It's"}, {"start": "00:02:08", "end": "00:02:13", "text": "never going to stop. And you know,"}, {"start": "00:02:11", "end": "00:02:15", "text": "Sailor is not going to stop. Here's the"}, {"start": "00:02:13", "end": "00:02:17", "text": "thing. Some people think this is"}, {"start": "00:02:15", "end": "00:02:19", "text": "foolish. Some people think that Sailor's"}, {"start": "00:02:17", "end": "00:02:22", "text": "being irresponsible."}, {"start": "00:02:19", "end": "00:02:25", "text": "But come on, think about it right now."}, {"start": "00:02:22", "end": "00:02:29", "text": "Retail crypto activity hit 9-year low."}, {"start": "00:02:25", "end": "00:02:31", "text": "9year going back to 2015."}, {"start": "00:02:29", "end": "00:02:34", "text": "I don't remember. I've been in the"}, {"start": "00:02:31", "end": "00:02:36", "text": "market since"}, {"start": "00:02:34", "end": "00:02:39", "text": "2013. I didn't ride out the entire"}, {"start": "00:02:36", "end": "00:02:41", "text": "crypto winter during then, but I lived"}, {"start": "00:02:39", "end": "00:02:42", "text": "through 2017,"}, {"start": "00:02:41", "end": "00:02:44", "text": "2021,"}, {"start": "00:02:42", "end": "00:02:48", "text": "I mean, all those years, right, where we"}, {"start": "00:02:44", "end": "00:02:51", "text": "had great rises, great falls. We live"}, {"start": "00:02:48", "end": "00:02:56", "text": "through COVID and right now is as"}, {"start": "00:02:51", "end": "00:02:57", "text": "bearish as those times, but even more"}, {"start": "00:02:56", "end": "00:02:59", "text": "so, which doesn't make a whole lot of"}, {"start": "00:02:57", "end": "00:03:02", "text": "sense, especially when Bitcoin is"}, {"start": "00:02:59", "end": "00:03:06", "text": "hovering around $75,000,"}, {"start": "00:03:02", "end": "00:03:08", "text": "not at $3,000, not at $15,000. So that's"}, {"start": "00:03:06", "end": "00:03:11", "text": "the thing. So people that think, well,"}, {"start": "00:03:08", "end": "00:03:13", "text": "Sailor is being irresponsible, is he"}, {"start": "00:03:11", "end": "00:03:16", "text": "really? when"}, {"start": "00:03:13", "end": "00:03:19", "text": "people are so fearful, people are just"}, {"start": "00:03:16", "end": "00:03:21", "text": "they have given up at this point. And"}, {"start": "00:03:19", "end": "00:03:23", "text": "that is exactly the point. That's when"}, {"start": "00:03:21", "end": "00:03:26", "text": "you're supposed to be buying. You buy"}, {"start": "00:03:23", "end": "00:03:28", "text": "when bloods are in the street. Okay?"}, {"start": "00:03:26", "end": "00:03:30", "text": "Even if it's your own blood, you want to"}, {"start": "00:03:28", "end": "00:03:33", "text": "get in when others are fearful. That's"}, {"start": "00:03:30", "end": "00:03:35", "text": "how you play the game. You get in low"}, {"start": "00:03:33", "end": "00:03:38", "text": "and you sell high. So sailors and"}, {"start": "00:03:35", "end": "00:03:40", "text": "others, long-term holders, the ones that"}, {"start": "00:03:38", "end": "00:03:44", "text": "are coming back, the whales are coming"}, {"start": "00:03:40", "end": "00:03:46", "text": "back, they're doing it right. And"}, {"start": "00:03:44", "end": "00:03:49", "text": "Borggan Stanley, who recently just came"}, {"start": "00:03:46", "end": "00:03:52", "text": "out with their own Bitcoin ETF,"}, {"start": "00:03:49", "end": "00:03:55", "text": "says that markets have priced in the"}, {"start": "00:03:52", "end": "00:03:57", "text": "recent risks and believe that correction"}, {"start": "00:03:55", "end": "00:04:00", "text": "is nearly over. Just like how a lot of"}, {"start": "00:03:57", "end": "00:04:03", "text": "other people have gone on record like"}, {"start": "00:04:00", "end": "00:04:07", "text": "Tom Lee and others, they have said that"}, {"start": "00:04:03", "end": "00:04:10", "text": "they believe that the 60,000K mark with"}, {"start": "00:04:07", "end": "00:04:13", "text": "Bitcoin is the bottom and we are"}, {"start": "00:04:10", "end": "00:04:16", "text": "rallying upwards. I agree with that. I"}, {"start": "00:04:13", "end": "00:04:19", "text": "do think that 60K was our bottom. Okay."}, {"start": "00:04:16", "end": "00:04:22", "text": "Uh even though we're not clearly out of"}, {"start": "00:04:19", "end": "00:04:24", "text": "the 60s. We were just in the 60s just a"}, {"start": "00:04:22", "end": "00:04:26", "text": "few days ago. But this is part of boting"}, {"start": "00:04:24", "end": "00:04:28", "text": "process. you kind of hover along, hover"}, {"start": "00:04:26", "end": "00:04:30", "text": "along, and then you break out and then"}, {"start": "00:04:28", "end": "00:04:32", "text": "you determine, okay, that was for sure"}, {"start": "00:04:30", "end": "00:04:34", "text": "the bottom. That's how it is every"}, {"start": "00:04:32", "end": "00:04:36", "text": "single time. And even though there are"}, {"start": "00:04:34", "end": "00:04:37", "text": "people that argue, no, no, no, no, we're"}, {"start": "00:04:36", "end": "00:04:39", "text": "going to go lower, we're going to go"}, {"start": "00:04:37", "end": "00:04:42", "text": "lower. Usually those people are the ones"}, {"start": "00:04:39", "end": "00:04:44", "text": "that are wanting to buy lower or they"}, {"start": "00:04:42", "end": "00:04:46", "text": "just want to bring you down to their"}, {"start": "00:04:44", "end": "00:04:47", "text": "level. But look, I mean, just look at"}, {"start": "00:04:46", "end": "00:04:50", "text": "this. We've been hovering in this range"}, {"start": "00:04:47", "end": "00:04:53", "text": "for so long,"}, {"start": "00:04:50", "end": "00:04:54", "text": "it's it's about time we break out,"}, {"start": "00:04:53", "end": "00:04:57", "text": "right? And if we break out the next stop"}, {"start": "00:04:54", "end": "00:04:58", "text": "is about 86K and then after that about"}, {"start": "00:04:57", "end": "00:05:01", "text": "94,000."}, {"start": "00:04:58", "end": "00:05:05", "text": "See as you can see this is part of the"}, {"start": "00:05:01", "end": "00:05:08", "text": "bottoming process starting here February"}, {"start": "00:05:05", "end": "00:05:10", "text": "till now and it looks like we definitely"}, {"start": "00:05:08", "end": "00:05:12", "text": "want to move higher. Now I talked about"}, {"start": "00:05:10", "end": "00:05:15", "text": "the year of prediction right I saw this"}, {"start": "00:05:12", "end": "00:05:18", "text": "article which way can Bitcoin go up or"}, {"start": "00:05:15", "end": "00:05:23", "text": "down? What's realistic?"}, {"start": "00:05:18", "end": "00:05:27", "text": "and my own AI product, Ask Clash, gave"}, {"start": "00:05:23", "end": "00:05:29", "text": "me an answer that I didn't quite like."}, {"start": "00:05:27", "end": "00:05:32", "text": "So, I asked"}, {"start": "00:05:29", "end": "00:05:36", "text": "year-end prediction for Bitcoin and it"}, {"start": "00:05:32", "end": "00:05:40", "text": "said between 95,000 and 150,000, not"}, {"start": "00:05:36", "end": "00:05:42", "text": "140,000. Why? TD Cohen said 140."}, {"start": "00:05:40", "end": "00:05:44", "text": "Standard charter said 170. Right."}, {"start": "00:05:42", "end": "00:05:48", "text": "Anchoring on regulatory tailwinds and"}, {"start": "00:05:44", "end": "00:05:51", "text": "institutional FOMO, of course. Yes. And"}, {"start": "00:05:48", "end": "00:05:55", "text": "then institutional ETFs right are real"}, {"start": "00:05:51", "end": "00:05:58", "text": "but there is slowing according to ask"}, {"start": "00:05:55", "end": "00:06:00", "text": "clash and then it gives some other"}, {"start": "00:05:58", "end": "00:06:03", "text": "things about okay the offshore signal"}, {"start": "00:06:00", "end": "00:06:08", "text": "you're missing Japan has just cry just"}, {"start": "00:06:03", "end": "00:06:11", "text": "cut crypto taxes to 20% from 55% Dubai"}, {"start": "00:06:08", "end": "00:06:15", "text": "expanded zero tax zones these are all"}, {"start": "00:06:11", "end": "00:06:18", "text": "awesome smart money is positioning an"}, {"start": "00:06:15", "end": "00:06:21", "text": "offshore exchanges ahead Head"}, {"start": "00:06:18", "end": "00:06:23", "text": "of US regulatory friction, domestic ETFs"}, {"start": "00:06:21", "end": "00:06:26", "text": "flows will plateau as yield bearing"}, {"start": "00:06:23", "end": "00:06:29", "text": "stable coins bands"}, {"start": "00:06:26", "end": "00:06:32", "text": "ethna maker push high yield activity"}, {"start": "00:06:29", "end": "00:06:36", "text": "offshore. That doesn't sound very good."}, {"start": "00:06:32", "end": "00:06:38", "text": "But squeeze and sustain rally,"}, {"start": "00:06:36", "end": "00:06:42", "text": "right?"}, {"start": "00:06:38", "end": "00:06:45", "text": "Could be coming and the having cycle, we"}, {"start": "00:06:42", "end": "00:06:46", "text": "got that to look forward to, right? We"}, {"start": "00:06:45", "end": "00:06:49", "text": "got a lot of stuff happening. We got a"}, {"start": "00:06:46", "end": "00:06:51", "text": "lot of stuff happening. Watch Micro"}, {"start": "00:06:49", "end": "00:06:54", "text": "Strategy, Bitmine, Q2 filings if they"}, {"start": "00:06:51", "end": "00:06:57", "text": "announce another massive accumulation."}, {"start": "00:06:54", "end": "00:06:58", "text": "115 stays plausible. Here's the thing,"}, {"start": "00:06:57", "end": "00:07:01", "text": "okay? I've been studying things for a"}, {"start": "00:06:58", "end": "00:07:04", "text": "long time. I know FOMO is real even"}, {"start": "00:07:01", "end": "00:07:09", "text": "though Ask Clash thinks it's not and is"}, {"start": "00:07:04", "end": "00:07:11", "text": "trying to be logical. 140 170"}, {"start": "00:07:09", "end": "00:07:13", "text": "can certainly happen because I know"}, {"start": "00:07:11", "end": "00:07:15", "text": "there are a lot of money sitting on the"}, {"start": "00:07:13", "end": "00:07:20", "text": "sidelines waiting to come back in. We"}, {"start": "00:07:15", "end": "00:07:20", "text": "know that we see that the stable coin"}, {"start": "00:07:21", "end": "00:07:26", "text": "liquidity"}, {"start": "00:07:22", "end": "00:07:27", "text": "across all the chains and the various"}, {"start": "00:07:26", "end": "00:07:30", "text": "number of stable coins. We're talking"}, {"start": "00:07:27", "end": "00:07:32", "text": "about hundred hundreds of billions"}, {"start": "00:07:30", "end": "00:07:36", "text": "sitting there waiting to come in. And"}, {"start": "00:07:32", "end": "00:07:39", "text": "same thing with just normal money cash"}, {"start": "00:07:36", "end": "00:07:42", "text": "fiat outside crypto. You got billions"}, {"start": "00:07:39", "end": "00:07:45", "text": "upon billions upon billions waiting for"}, {"start": "00:07:42", "end": "00:07:49", "text": "the market turn around 74k for us to go"}, {"start": "00:07:45", "end": "00:07:52", "text": "to 90 100,000 I think will come really"}, {"start": "00:07:49", "end": "00:07:57", "text": "really fast. If that momentum comes back"}, {"start": "00:07:52", "end": "00:07:59", "text": "watch out 115k is like nothing. So, I'm"}, {"start": "00:07:57", "end": "00:08:01", "text": "going to disagree here, but at the year"}, {"start": "00:07:59", "end": "00:08:04", "text": "at the end of the year, we'll see who is"}, {"start": "00:08:01", "end": "00:08:07", "text": "right. If Ask Clash is right or me, we"}, {"start": "00:08:04", "end": "00:08:09", "text": "will see. We will see. All right, guys."}, {"start": "00:08:07", "end": "00:08:11", "text": "That is it. I will see you guys tomorrow"}, {"start": "00:08:09", "end": "00:08:14", "text": "bright and early. Things are looking"}, {"start": "00:08:11", "end": "00:08:15", "text": "good right now."}, {"start": "00:08:14", "end": "00:08:17", "text": "So,"}, {"start": "00:08:15", "end": "00:08:21", "text": "we'll see if this continues. Have a good"}, {"start": "00:08:17", "end": "00:08:21", "text": "one. Take care. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:10", "text": "Welcome back to Cryptos Us. I'm George."}, {"start": "00:00:07", "end": "00:00:13", "text": "We're all George. Uh, welcome to another"}, {"start": "00:00:10", "end": "00:00:15", "text": "market open stream. Of course, we have"}, {"start": "00:00:13", "end": "00:00:21", "text": "more drama."}, {"start": "00:00:15", "end": "00:00:22", "text": "Uh, another threat about blocking oil."}, {"start": "00:00:21", "end": "00:00:24", "text": "And,"}, {"start": "00:00:22", "end": "00:00:26", "text": "you know, we got to talk about it. We"}, {"start": "00:00:24", "end": "00:00:29", "text": "got to talk about what what's what's"}, {"start": "00:00:26", "end": "00:00:31", "text": "happening here. Is this real? Why is it"}, {"start": "00:00:29", "end": "00:00:34", "text": "happening? How is it going to affect"}, {"start": "00:00:31", "end": "00:00:37", "text": "global markets? And more importantly, is"}, {"start": "00:00:34", "end": "00:00:40", "text": "Bitcoin ready to move?"}, {"start": "00:00:37", "end": "00:00:44", "text": "A lot of stuff to talk about. All right,"}, {"start": "00:00:40", "end": "00:00:46", "text": "let's do it, guys. Let's do it."}, {"start": "00:00:44", "end": "00:00:48", "text": "Welcome, welcome, welcome. I will say"}, {"start": "00:00:46", "end": "00:00:52", "text": "this."}, {"start": "00:00:48", "end": "00:00:55", "text": "Bitcoin is holding pretty well despite"}, {"start": "00:00:52", "end": "00:00:58", "text": "looking like it's going to be a pretty"}, {"start": "00:00:55", "end": "00:01:01", "text": "red day for markets. futures market"}, {"start": "00:00:58", "end": "00:01:04", "text": "pretty"}, {"start": "00:01:01", "end": "00:01:08", "text": "pretty red and then now with open not as"}, {"start": "00:01:04", "end": "00:01:11", "text": "red but obviously when you have more"}, {"start": "00:01:08", "end": "00:01:13", "text": "threats or or"}, {"start": "00:01:11", "end": "00:01:17", "text": "another possibility of a straight"}, {"start": "00:01:13", "end": "00:01:20", "text": "closure uh it's no good for business, no"}, {"start": "00:01:17", "end": "00:01:22", "text": "good for inflation, no good for anyone."}, {"start": "00:01:20", "end": "00:01:27", "text": "But this time around it's not coming"}, {"start": "00:01:22", "end": "00:01:30", "text": "from Iran, it's coming from the US. You"}, {"start": "00:01:27", "end": "00:01:36", "text": "can see that right there. US blockade"}, {"start": "00:01:30", "end": "00:01:40", "text": "horm set to begin. Why? The US is set to"}, {"start": "00:01:36", "end": "00:01:40", "text": "blockade using our navy."}, {"start": "00:01:40", "end": "00:01:45", "text": "And you know what? Trump said we have"}, {"start": "00:01:43", "end": "00:01:49", "text": "other countries that's going to help."}, {"start": "00:01:45", "end": "00:01:52", "text": "But UK, which normally backs us on"}, {"start": "00:01:49", "end": "00:01:54", "text": "everything,"}, {"start": "00:01:52", "end": "00:01:56", "text": "says no, we're not doing that. We're not"}, {"start": "00:01:54", "end": "00:01:59", "text": "supporting it."}, {"start": "00:01:56", "end": "00:02:02", "text": "uh and France is not doing it. And uh"}, {"start": "00:01:59", "end": "00:02:06", "text": "you know it seems like our NATO allies"}, {"start": "00:02:02", "end": "00:02:09", "text": "are not part of this."}, {"start": "00:02:06", "end": "00:02:09", "text": "So"}, {"start": "00:02:09", "end": "00:02:18", "text": "no good. No good. And it's supposed to"}, {"start": "00:02:14", "end": "00:02:21", "text": "begin in one and a half hours."}, {"start": "00:02:18", "end": "00:02:26", "text": "Okay. At 10 a.m. Actually in a half"}, {"start": "00:02:21", "end": "00:02:28", "text": "hour. It's 9:30. It's 9:30 a.m. uh"}, {"start": "00:02:26", "end": "00:02:33", "text": "Eastern already. Why is this happening?"}, {"start": "00:02:28", "end": "00:02:36", "text": "Well, supposedly peace talks"}, {"start": "00:02:33", "end": "00:02:39", "text": "uh failed over the weekend when Mance"}, {"start": "00:02:36", "end": "00:02:41", "text": "was talking to Pakistan"}, {"start": "00:02:39", "end": "00:02:44", "text": "and uh this is what the US decided to"}, {"start": "00:02:41", "end": "00:02:46", "text": "do. Now, it's unclear to me because all"}, {"start": "00:02:44", "end": "00:02:48", "text": "all the things I've been reading seems"}, {"start": "00:02:46", "end": "00:02:51", "text": "like"}, {"start": "00:02:48", "end": "00:02:51", "text": "um"}, {"start": "00:02:52", "end": "00:02:58", "text": "I don't know if this is a thing to like"}, {"start": "00:02:54", "end": "00:03:02", "text": "punish Pakistan rather than Iran now"}, {"start": "00:02:58", "end": "00:03:08", "text": "because the US is now blocking or"}, {"start": "00:03:02", "end": "00:03:10", "text": "planning on blocking the strait."}, {"start": "00:03:08", "end": "00:03:12", "text": "So there's talks about oh how the peace"}, {"start": "00:03:10", "end": "00:03:14", "text": "talks are are are breaking through and"}, {"start": "00:03:12", "end": "00:03:16", "text": "not following that doesn't make any"}, {"start": "00:03:14", "end": "00:03:18", "text": "sense."}, {"start": "00:03:16", "end": "00:03:20", "text": "Uh so it almost seems like this is"}, {"start": "00:03:18", "end": "00:03:22", "text": "punishing Pakistan. We're punishing"}, {"start": "00:03:20", "end": "00:03:23", "text": "trying to punish Iran for not going"}, {"start": "00:03:22", "end": "00:03:27", "text": "through with it. But then you know the"}, {"start": "00:03:23", "end": "00:03:33", "text": "whole thing is we forced them to open it"}, {"start": "00:03:27", "end": "00:03:35", "text": "so that ships can come out. But now even"}, {"start": "00:03:33", "end": "00:03:37", "text": "after that now we're trying to block"}, {"start": "00:03:35", "end": "00:03:42", "text": "that again."}, {"start": "00:03:37", "end": "00:03:45", "text": "It makes no sense at all."}, {"start": "00:03:42", "end": "00:03:48", "text": "There's something bigger going on here."}, {"start": "00:03:45", "end": "00:03:52", "text": "I don't know if this is 40 chess or or"}, {"start": "00:03:48", "end": "00:03:55", "text": "checkers right now. I have no idea what"}, {"start": "00:03:52", "end": "00:03:57", "text": "the administration is doing. We fought"}, {"start": "00:03:55", "end": "00:03:59", "text": "so hard. Trump and and the"}, {"start": "00:03:57", "end": "00:04:02", "text": "administration was fighting so hard to"}, {"start": "00:03:59", "end": "00:04:06", "text": "reopen the straight"}, {"start": "00:04:02", "end": "00:04:09", "text": "and to make sure that there's no tolls."}, {"start": "00:04:06", "end": "00:04:10", "text": "Now we're proactively blocking it. Then"}, {"start": "00:04:09", "end": "00:04:12", "text": "why did we even request that in the"}, {"start": "00:04:10", "end": "00:04:14", "text": "first place? We should have just kept it"}, {"start": "00:04:12", "end": "00:04:17", "text": "closed. So"}, {"start": "00:04:14", "end": "00:04:20", "text": "we used it as a want and now we're using"}, {"start": "00:04:17", "end": "00:04:24", "text": "it as a bargaining chip"}, {"start": "00:04:20", "end": "00:04:27", "text": "to negotiate further. I I have no idea"}, {"start": "00:04:24", "end": "00:04:29", "text": "this 4D chess, 5D chess, is this chess"}, {"start": "00:04:27", "end": "00:04:31", "text": "at all? Are we playing checkers? Are we"}, {"start": "00:04:29", "end": "00:04:34", "text": "playing"}, {"start": "00:04:31", "end": "00:04:36", "text": "Monopoly? I don't know. It's a It's a"}, {"start": "00:04:34", "end": "00:04:39", "text": "wild time. I don't think anyone knows"}, {"start": "00:04:36", "end": "00:04:42", "text": "what's going on. I really don't."}, {"start": "00:04:39", "end": "00:04:47", "text": "Um maybe something I got to ask Clash"}, {"start": "00:04:42", "end": "00:04:51", "text": "about uh in Q&A. But of course uh if"}, {"start": "00:04:47", "end": "00:04:53", "text": "ships are blocked, it's no good for"}, {"start": "00:04:51", "end": "00:04:59", "text": "what's been happening with oil. Oil's"}, {"start": "00:04:53", "end": "00:05:01", "text": "been going up, coming down, up, down,"}, {"start": "00:04:59", "end": "00:05:03", "text": "you know, like now it's starting to go"}, {"start": "00:05:01", "end": "00:05:07", "text": "back up again in a major way because"}, {"start": "00:05:03", "end": "00:05:08", "text": "this may potentially happen."}, {"start": "00:05:07", "end": "00:05:11", "text": "So again, uh this is not going to be"}, {"start": "00:05:08", "end": "00:05:15", "text": "good for our inflation, not going to be"}, {"start": "00:05:11", "end": "00:05:18", "text": "good for uh rate cuts if prices and"}, {"start": "00:05:15", "end": "00:05:22", "text": "services uh of goods"}, {"start": "00:05:18", "end": "00:05:22", "text": "continue to go up."}, {"start": "00:05:24", "end": "00:05:29", "text": "That's what's happening. And and here's"}, {"start": "00:05:26", "end": "00:05:31", "text": "the thing, too. China may be supplying"}, {"start": "00:05:29", "end": "00:05:33", "text": "Iran with weapons. So Trump is"}, {"start": "00:05:31", "end": "00:05:36", "text": "threatening a 50% tariff because he did"}, {"start": "00:05:33", "end": "00:05:39", "text": "say this last week, uh, that any country"}, {"start": "00:05:36", "end": "00:05:42", "text": "supplying arms to Iran will get a hefty"}, {"start": "00:05:39", "end": "00:05:44", "text": "tariff. So, if this is true, that I"}, {"start": "00:05:42", "end": "00:05:47", "text": "think this is actually a good plan,"}, {"start": "00:05:44", "end": "00:05:49", "text": "okay, to stop people from selling"}, {"start": "00:05:47", "end": "00:05:52", "text": "weapons to Iran, that makes a lot of"}, {"start": "00:05:49", "end": "00:05:54", "text": "sense. Uh, but whether or not China's"}, {"start": "00:05:52", "end": "00:05:56", "text": "really doing it or is it Russia? I mean,"}, {"start": "00:05:54", "end": "00:05:57", "text": "if Russia's doing it, how can you"}, {"start": "00:05:56", "end": "00:06:01", "text": "sanction them more? We already sanction"}, {"start": "00:05:57", "end": "00:06:04", "text": "them uh with everything. So, it's kind"}, {"start": "00:06:01", "end": "00:06:05", "text": "of like that. So, yeah. So, there's a"}, {"start": "00:06:04", "end": "00:06:08", "text": "lot of"}, {"start": "00:06:05", "end": "00:06:10", "text": "drama, maybe self-imposed drama now. I"}, {"start": "00:06:08", "end": "00:06:12", "text": "don't quite know."}, {"start": "00:06:10", "end": "00:06:14", "text": "And this is what we have to get through."}, {"start": "00:06:12", "end": "00:06:16", "text": "It seems like every week there's"}, {"start": "00:06:14", "end": "00:06:18", "text": "something. Just last week it seemed like"}, {"start": "00:06:16", "end": "00:06:21", "text": "it was going to hell and then you know"}, {"start": "00:06:18", "end": "00:06:24", "text": "we got a resolution the day before where"}, {"start": "00:06:21", "end": "00:06:27", "text": "or maybe it was the same day. Now we got"}, {"start": "00:06:24", "end": "00:06:30", "text": "this more escalation. It seemed like"}, {"start": "00:06:27", "end": "00:06:32", "text": "ceasefire was good. Both sides were in"}, {"start": "00:06:30", "end": "00:06:34", "text": "agreement and all of a sudden talks"}, {"start": "00:06:32", "end": "00:06:38", "text": "broke down. Is this over something else?"}, {"start": "00:06:34", "end": "00:06:40", "text": "Are we claiming that you know it broke"}, {"start": "00:06:38", "end": "00:06:43", "text": "down? But really what we want is to for"}, {"start": "00:06:40", "end": "00:06:45", "text": "them to stop tolls. The funny thing is"}, {"start": "00:06:43", "end": "00:06:48", "text": "about tolls, that was one of the 10"}, {"start": "00:06:45", "end": "00:06:52", "text": "things Iran asked for if they could"}, {"start": "00:06:48", "end": "00:06:55", "text": "start charging tolls to pay for uh"}, {"start": "00:06:52", "end": "00:06:57", "text": "reparations instead or instead of asking"}, {"start": "00:06:55", "end": "00:07:00", "text": "for reparations to pay, you know, use"}, {"start": "00:06:57", "end": "00:07:01", "text": "that money to rebuild themselves. And uh"}, {"start": "00:07:00", "end": "00:07:05", "text": "it seemed like that was one of the 10"}, {"start": "00:07:01", "end": "00:07:06", "text": "terms that we agreed to until oil"}, {"start": "00:07:05", "end": "00:07:08", "text": "companies said, \"No, we want to we don't"}, {"start": "00:07:06", "end": "00:07:11", "text": "want to pay a toll.\" And then Trump"}, {"start": "00:07:08", "end": "00:07:13", "text": "said, \"No, you guys shouldn't charge a"}, {"start": "00:07:11", "end": "00:07:15", "text": "toll.\" And now we have this. So it may"}, {"start": "00:07:13", "end": "00:07:18", "text": "seem like"}, {"start": "00:07:15", "end": "00:07:21", "text": "the US may be breaking its own ceasefire"}, {"start": "00:07:18", "end": "00:07:25", "text": "agreement because the oil companies do"}, {"start": "00:07:21", "end": "00:07:27", "text": "not like it. Or it's because we want"}, {"start": "00:07:25", "end": "00:07:31", "text": "people to buy from Venezuela, which we"}, {"start": "00:07:27", "end": "00:07:37", "text": "now control. It's all about leverage."}, {"start": "00:07:31", "end": "00:07:37", "text": "It's all about pushing our agenda."}, {"start": "00:07:39", "end": "00:07:44", "text": "You know, again, this may be 4D chess,"}, {"start": "00:07:42", "end": "00:07:46", "text": "okay? And we're looking at very top"}, {"start": "00:07:44", "end": "00:07:48", "text": "level. I'm hoping that is I'm hoping"}, {"start": "00:07:46", "end": "00:07:50", "text": "it's not as"}, {"start": "00:07:48", "end": "00:07:52", "text": "obviously stupid as it sounds. I'm"}, {"start": "00:07:50", "end": "00:07:55", "text": "hoping there's like a bigger agenda"}, {"start": "00:07:52", "end": "00:07:57", "text": "behind the scenes. It's 40 chess being"}, {"start": "00:07:55", "end": "00:07:59", "text": "played. Everyone's being played and no"}, {"start": "00:07:57", "end": "00:08:02", "text": "one really knows what's happening. and"}, {"start": "00:07:59", "end": "00:08:05", "text": "then the US and Trump gets all"}, {"start": "00:08:02", "end": "00:08:08", "text": "everything that he wants and then"}, {"start": "00:08:05", "end": "00:08:11", "text": "America becomes a better country. I'm"}, {"start": "00:08:08", "end": "00:08:17", "text": "really hoping that's the case, but I"}, {"start": "00:08:11", "end": "00:08:17", "text": "don't know. I have no idea."}, {"start": "00:08:22", "end": "00:08:26", "text": "Arya says they're blocking it because"}, {"start": "00:08:24", "end": "00:08:28", "text": "they want to stop Iran selling their oil"}, {"start": "00:08:26", "end": "00:08:30", "text": "and destroying their cut. Here's the"}, {"start": "00:08:28", "end": "00:08:32", "text": "thing. If that's the case, why did we"}, {"start": "00:08:30", "end": "00:08:35", "text": "demand for them to open it up in the"}, {"start": "00:08:32", "end": "00:08:38", "text": "first place? Right? We just demanded a"}, {"start": "00:08:35", "end": "00:08:40", "text": "week ago that they immediately open up"}, {"start": "00:08:38", "end": "00:08:42", "text": "the street because there are other"}, {"start": "00:08:40", "end": "00:08:46", "text": "countries that need it and we don't want"}, {"start": "00:08:42", "end": "00:08:49", "text": "to see global inflation go up due to it."}, {"start": "00:08:46", "end": "00:08:52", "text": "So, it's like just two weeks ago you"}, {"start": "00:08:49", "end": "00:08:53", "text": "were demanding that they open it and now"}, {"start": "00:08:52", "end": "00:08:55", "text": "you're using it as a bargaining chip."}, {"start": "00:08:53", "end": "00:08:58", "text": "No, no, no, no. We're going to block it."}, {"start": "00:08:55", "end": "00:09:01", "text": "Like that makes no sense."}, {"start": "00:08:58", "end": "00:09:03", "text": "That makes no sense at all. Then you"}, {"start": "00:09:01", "end": "00:09:05", "text": "should have just kept it blocked in to"}, {"start": "00:09:03", "end": "00:09:09", "text": "begin with."}, {"start": "00:09:05", "end": "00:09:13", "text": "Uh anyways, let's move on. Let's move on"}, {"start": "00:09:09", "end": "00:09:16", "text": "to uh some sanity. So, some some things"}, {"start": "00:09:13", "end": "00:09:21", "text": "that do make sense."}, {"start": "00:09:16", "end": "00:09:22", "text": "Um Black Rockck, Larry Frink,"}, {"start": "00:09:21", "end": "00:09:25", "text": "they're coming out with a new Bitcoin"}, {"start": "00:09:22", "end": "00:09:28", "text": "ETF, a income ETF. Now, some of you guys"}, {"start": "00:09:25", "end": "00:09:30", "text": "may like this because right now one of"}, {"start": "00:09:28", "end": "00:09:32", "text": "the biggest problems in the space is if"}, {"start": "00:09:30", "end": "00:09:34", "text": "you have a lot of Bitcoin, you can't"}, {"start": "00:09:32", "end": "00:09:36", "text": "really earn any yield from it, right?"}, {"start": "00:09:34", "end": "00:09:39", "text": "There's no staking rewards. There's no"}, {"start": "00:09:36", "end": "00:09:41", "text": "staking at all, right? And most"}, {"start": "00:09:39", "end": "00:09:42", "text": "companies don't. All the lending"}, {"start": "00:09:41", "end": "00:09:45", "text": "companies"}, {"start": "00:09:42", "end": "00:09:47", "text": "all collapsed. They were doing"}, {"start": "00:09:45", "end": "00:09:49", "text": "bad things, right? So, like if you have"}, {"start": "00:09:47", "end": "00:09:51", "text": "a lot of Bitcoin, it's great to hold on"}, {"start": "00:09:49", "end": "00:09:53", "text": "to, but there's not a lot of you. So,"}, {"start": "00:09:51", "end": "00:09:56", "text": "that's what Black Rockck's new income"}, {"start": "00:09:53", "end": "00:09:57", "text": "ETF is about. I I was actually kind of"}, {"start": "00:09:56", "end": "00:10:00", "text": "curious like how is this different than"}, {"start": "00:09:57", "end": "00:10:04", "text": "IBIT? And I bit is the biggest Bitcoin"}, {"start": "00:10:00", "end": "00:10:08", "text": "ETF out there. And I asked Clash what"}, {"start": "00:10:04", "end": "00:10:11", "text": "this means. Okay. And it is a premium"}, {"start": "00:10:08", "end": "00:10:13", "text": "income in a derivative rap products that"}, {"start": "00:10:11", "end": "00:10:15", "text": "sells Bitcoin cover calls on Bitcoin to"}, {"start": "00:10:13", "end": "00:10:18", "text": "generate yield. Not a spot hole. This is"}, {"start": "00:10:15", "end": "00:10:24", "text": "different from IBIT."}, {"start": "00:10:18", "end": "00:10:24", "text": "Interesting. Interesting. So basically,"}, {"start": "00:10:25", "end": "00:10:31", "text": "you get a five to six% annual yield."}, {"start": "00:10:28", "end": "00:10:33", "text": "That's actually pretty darn good. That's"}, {"start": "00:10:31", "end": "00:10:36", "text": "pretty darn good. But I don't think"}, {"start": "00:10:33", "end": "00:10:38", "text": "that's guaranteed though. Uh unless"}, {"start": "00:10:36", "end": "00:10:39", "text": "they're really good. So yeah, there are"}, {"start": "00:10:38", "end": "00:10:45", "text": "different options out there now. There"}, {"start": "00:10:39", "end": "00:10:45", "text": "are so many Bitcoin ETF options. Um"}, {"start": "00:10:46", "end": "00:10:49", "text": "it's kind of wild. Kind of wild. But the"}, {"start": "00:10:48", "end": "00:10:52", "text": "good thing is it gives investors"}, {"start": "00:10:49", "end": "00:10:54", "text": "options, right? People love Bitcoin."}, {"start": "00:10:52", "end": "00:10:57", "text": "Yes. People love Bitcoin ETFs. Yes. Now"}, {"start": "00:10:54", "end": "00:10:59", "text": "there's different kind of ETFs. So this"}, {"start": "00:10:57", "end": "00:11:01", "text": "is all part of the maturing process. So"}, {"start": "00:10:59", "end": "00:11:03", "text": "it's all"}, {"start": "00:11:01", "end": "00:11:06", "text": "it's all good. It's all good. Here's"}, {"start": "00:11:03", "end": "00:11:09", "text": "part of here's part of the maturing"}, {"start": "00:11:06", "end": "00:11:12", "text": "process too. Uh Bitcoin I mean Visa"}, {"start": "00:11:09", "end": "00:11:16", "text": "launches a Bitcoin only card with 3.5%"}, {"start": "00:11:12", "end": "00:11:18", "text": "Bitcoin rewards. This is following uh"}, {"start": "00:11:16", "end": "00:11:22", "text": "Coinbase Coinbase America Express card"}, {"start": "00:11:18", "end": "00:11:25", "text": "that gives you Bitcoin rewards. Now Visa"}, {"start": "00:11:22", "end": "00:11:27", "text": "is doing it. Makes sense."}, {"start": "00:11:25", "end": "00:11:28", "text": "So"}, {"start": "00:11:27", "end": "00:11:30", "text": "it's awesome. You with this you don't"}, {"start": "00:11:28", "end": "00:11:34", "text": "even have to spend. You don't even have"}, {"start": "00:11:30", "end": "00:11:37", "text": "to spend Bitcoin. You just get Bitcoin"}, {"start": "00:11:34", "end": "00:11:40", "text": "rewards back. And the 3.5% can turn out"}, {"start": "00:11:37", "end": "00:11:45", "text": "to be a lot more in the future if you"}, {"start": "00:11:40", "end": "00:11:45", "text": "don't spend it. Of"}, {"start": "00:11:49", "end": "00:11:54", "text": "course, this is no surprise. Sailor"}, {"start": "00:11:54", "end": "00:12:00", "text": "uh buys a billion"}, {"start": "00:11:57", "end": "00:12:04", "text": "dollars worth of Bitcoin."}, {"start": "00:12:00", "end": "00:12:06", "text": "A billion dollar, not not like 10"}, {"start": "00:12:04", "end": "00:12:10", "text": "million, not a hundred million. A"}, {"start": "00:12:06", "end": "00:12:12", "text": "billion dollars. Another almost 14,000"}, {"start": "00:12:10", "end": "00:12:15", "text": "Bitcoin."}, {"start": "00:12:12", "end": "00:12:17", "text": "uh average price is 75,000 which is"}, {"start": "00:12:15", "end": "00:12:20", "text": "still higher than where we are now but"}, {"start": "00:12:17", "end": "00:12:24", "text": "he's not worried about that"}, {"start": "00:12:20", "end": "00:12:27", "text": "and he has close to 781,000 Bitcoin so"}, {"start": "00:12:24", "end": "00:12:30", "text": "this is this is going to be a never-"}, {"start": "00:12:27", "end": "00:12:33", "text": "ending thing sailor's never going to"}, {"start": "00:12:30", "end": "00:12:36", "text": "stop strategy is never going to stop"}, {"start": "00:12:33", "end": "00:12:39", "text": "okay it's going to lead the way but"}, {"start": "00:12:36", "end": "00:12:40", "text": "here's the thing though you know at some"}, {"start": "00:12:39", "end": "00:12:42", "text": "point people are going to start"}, {"start": "00:12:40", "end": "00:12:44", "text": "realizing"}, {"start": "00:12:42", "end": "00:12:45", "text": "Hey,"}, {"start": "00:12:44", "end": "00:12:49", "text": "maybe it's not such a good idea to let"}, {"start": "00:12:45", "end": "00:12:52", "text": "Sailor control or have so much of the"}, {"start": "00:12:49", "end": "00:12:54", "text": "supply like Tom Lee has with ETH. Even"}, {"start": "00:12:52", "end": "00:12:57", "text": "though right now when things are dark,"}, {"start": "00:12:54", "end": "00:13:00", "text": "when things are weak, yeah, we love to"}, {"start": "00:12:57", "end": "00:13:02", "text": "see like a hero keep buying and buying"}, {"start": "00:13:00", "end": "00:13:07", "text": "and buying and help our bags, but in the"}, {"start": "00:13:02", "end": "00:13:11", "text": "long run, man, when strategy holds 5%"}, {"start": "00:13:07", "end": "00:13:13", "text": "10% of Bitcoin,"}, {"start": "00:13:11", "end": "00:13:17", "text": "is that a good thing? You know, my point"}, {"start": "00:13:13", "end": "00:13:19", "text": "is make sure you grab some for yourself"}, {"start": "00:13:17", "end": "00:13:21", "text": "before that happens because it's not"}, {"start": "00:13:19", "end": "00:13:25", "text": "just sailor and strategy. You still have"}, {"start": "00:13:21", "end": "00:13:29", "text": "the ETFs like IBIT and Fidelities and"}, {"start": "00:13:25", "end": "00:13:31", "text": "all these other ETFs and you got whales"}, {"start": "00:13:29", "end": "00:13:32", "text": "that are loading up as well behind the"}, {"start": "00:13:31", "end": "00:13:36", "text": "scenes."}, {"start": "00:13:32", "end": "00:13:38", "text": "Bitcoin is scarce. There's not enough to"}, {"start": "00:13:36", "end": "00:13:41", "text": "go around."}, {"start": "00:13:38", "end": "00:13:45", "text": "Make sure you grab some for yourself. If"}, {"start": "00:13:41", "end": "00:13:48", "text": "you love Bitcoin at 126,"}, {"start": "00:13:45", "end": "00:13:52", "text": "you should love it more at 70,000. you"}, {"start": "00:13:48", "end": "00:13:54", "text": "should love it doubly as much."}, {"start": "00:13:52", "end": "00:13:57", "text": "I know that's not a word, but it sounds"}, {"start": "00:13:54", "end": "00:14:02", "text": "good. Um,"}, {"start": "00:13:57", "end": "00:14:04", "text": "MetaPlanet is also still buying,"}, {"start": "00:14:02", "end": "00:14:08", "text": "but now Robin Hood, you could buy"}, {"start": "00:14:04", "end": "00:14:11", "text": "MetaPlanet uh stock"}, {"start": "00:14:08", "end": "00:14:12", "text": "on Robin Hood. And speaking of Robin, I"}, {"start": "00:14:11", "end": "00:14:16", "text": "need Robin Hood to come back up, man."}, {"start": "00:14:12", "end": "00:14:18", "text": "Robin Hood has been decimated since uh"}, {"start": "00:14:16", "end": "00:14:20", "text": "last year."}, {"start": "00:14:18", "end": "00:14:24", "text": "Anyways,"}, {"start": "00:14:20", "end": "00:14:25", "text": "uh leading UK Prime Minister"}, {"start": "00:14:24", "end": "00:14:31", "text": "Nigel"}, {"start": "00:14:25", "end": "00:14:34", "text": "Farage has bought 37 Bitcoin on behalf"}, {"start": "00:14:31", "end": "00:14:37", "text": "of the Bitcoin Treasury Company Stack"}, {"start": "00:14:34", "end": "00:14:40", "text": "BTC plc. Makes him the first political"}, {"start": "00:14:37", "end": "00:14:43", "text": "leader to do so publicly."}, {"start": "00:14:40", "end": "00:14:45", "text": "Well, Nigel's pretty rich, I would say,"}, {"start": "00:14:43", "end": "00:14:47", "text": "if you could just buy $3 million of"}, {"start": "00:14:45", "end": "00:14:50", "text": "Bitcoin. But if you are going to buy,"}, {"start": "00:14:47", "end": "00:14:53", "text": "this would be a pretty good time to be"}, {"start": "00:14:50", "end": "00:14:55", "text": "loading up because"}, {"start": "00:14:53", "end": "00:14:58", "text": "of course if you love Bitcoin at 126,"}, {"start": "00:14:55", "end": "00:15:01", "text": "you should love it way more at 70. And"}, {"start": "00:14:58", "end": "00:15:04", "text": "that is the game. You buy low, you"}, {"start": "00:15:01", "end": "00:15:07", "text": "huddle, and then you sell high. That's"}, {"start": "00:15:04", "end": "00:15:09", "text": "how you make money. That's how you win"}, {"start": "00:15:07", "end": "00:15:12", "text": "at investing."}, {"start": "00:15:09", "end": "00:15:15", "text": "Uh, Capital B buys another 37 Bitcoin."}, {"start": "00:15:12", "end": "00:15:20", "text": "Now holds close to 3,000 Bitcoin. That"}, {"start": "00:15:15", "end": "00:15:22", "text": "is quite a lot. They are what? Number 26"}, {"start": "00:15:20", "end": "00:15:25", "text": "in ranking."}, {"start": "00:15:22", "end": "00:15:28", "text": "That's not bad. Not bad at all. That's a"}, {"start": "00:15:25", "end": "00:15:31", "text": "huge amount."}, {"start": "00:15:28", "end": "00:15:31", "text": "Um,"}, {"start": "00:15:31", "end": "00:15:37", "text": "all right. Last few things."}, {"start": "00:15:34", "end": "00:15:40", "text": "Binance Bitcoin inflow"}, {"start": "00:15:37", "end": "00:15:42", "text": "lowest level since 2020. Why is this"}, {"start": "00:15:40", "end": "00:15:45", "text": "important? Binance obviously the largest"}, {"start": "00:15:42", "end": "00:15:47", "text": "exchange on the planet."}, {"start": "00:15:45", "end": "00:15:50", "text": "A lot of their metrics reveal what's"}, {"start": "00:15:47", "end": "00:15:53", "text": "going on in the space and the fact that"}, {"start": "00:15:50", "end": "00:15:56", "text": "very little people are depositing"}, {"start": "00:15:53", "end": "00:16:00", "text": "Bitcoin into Binance shows that we have"}, {"start": "00:15:56", "end": "00:16:03", "text": "reached exhaustion. Okay, the retail"}, {"start": "00:16:00", "end": "00:16:06", "text": "that are panicking,"}, {"start": "00:16:03", "end": "00:16:08", "text": "they already sold. You have you have"}, {"start": "00:16:06", "end": "00:16:10", "text": "still some whales, some miners that are"}, {"start": "00:16:08", "end": "00:16:13", "text": "selling periodically, but for the most"}, {"start": "00:16:10", "end": "00:16:15", "text": "part, the exhaustion is here."}, {"start": "00:16:13", "end": "00:16:18", "text": "And that's part of the bottoming"}, {"start": "00:16:15", "end": "00:16:21", "text": "process. That is why we're holding where"}, {"start": "00:16:18", "end": "00:16:23", "text": "we are, slowly trending up, and not"}, {"start": "00:16:21", "end": "00:16:27", "text": "making a new low."}, {"start": "00:16:23", "end": "00:16:29", "text": "It's pretty pretty normal. Happens every"}, {"start": "00:16:27", "end": "00:16:33", "text": "single cycle."}, {"start": "00:16:29", "end": "00:16:33", "text": "every single cycle."}, {"start": "00:16:34", "end": "00:16:41", "text": "Here's a power law"}, {"start": "00:16:37", "end": "00:16:45", "text": "quantile regression. Sounds very very"}, {"start": "00:16:41", "end": "00:16:47", "text": "fancy, but what this is showing is"}, {"start": "00:16:45", "end": "00:16:49", "text": "if you could see"}, {"start": "00:16:47", "end": "00:16:52", "text": "if you could see what's going on here."}, {"start": "00:16:49", "end": "00:16:55", "text": "Every single crypto bottom,"}, {"start": "00:16:52", "end": "00:16:55", "text": "okay,"}, {"start": "00:16:55", "end": "00:17:04", "text": "shows that Bitcoin gets to this point,"}, {"start": "00:17:01", "end": "00:17:06", "text": "very very very low point"}, {"start": "00:17:04", "end": "00:17:08", "text": "according to this $1. I don't I I'm"}, {"start": "00:17:06", "end": "00:17:11", "text": "going to be honest. I don't know what"}, {"start": "00:17:08", "end": "00:17:13", "text": "what that $1 means at all. But what I do"}, {"start": "00:17:11", "end": "00:17:16", "text": "know is it correlates with the bottoms"}, {"start": "00:17:13", "end": "00:17:18", "text": "of Bitcoin, especially during crypto"}, {"start": "00:17:16", "end": "00:17:20", "text": "winters."}, {"start": "00:17:18", "end": "00:17:23", "text": "And we are right at that time right"}, {"start": "00:17:20", "end": "00:17:26", "text": "right around"}, {"start": "00:17:23", "end": "00:17:30", "text": "like the bottom. So again part of the"}, {"start": "00:17:26", "end": "00:17:30", "text": "bottoming process"}, {"start": "00:17:31", "end": "00:17:35", "text": "looks good."}, {"start": "00:17:33", "end": "00:17:38", "text": "Looks good."}, {"start": "00:17:35", "end": "00:17:41", "text": "Bullish cross happening."}, {"start": "00:17:38", "end": "00:17:45", "text": "This is on the weekly scale. MACD"}, {"start": "00:17:41", "end": "00:17:47", "text": "flipped the histogram turning green. We"}, {"start": "00:17:45", "end": "00:17:50", "text": "could do a little more charting with uh"}, {"start": "00:17:47", "end": "00:17:53", "text": "with Clash in a bit, but this is looking"}, {"start": "00:17:50", "end": "00:17:53", "text": "good."}, {"start": "00:17:54", "end": "00:18:00", "text": "We got a double bottom here."}, {"start": "00:17:58", "end": "00:18:03", "text": "That's also good, but you know, it's"}, {"start": "00:18:00", "end": "00:18:06", "text": "kind of that's a 4hour chart, so it's"}, {"start": "00:18:03", "end": "00:18:10", "text": "kind of hard to go by that."}, {"start": "00:18:06", "end": "00:18:12", "text": "Uh and then some other news. I saw this."}, {"start": "00:18:10", "end": "00:18:16", "text": "This is not good. I did not check what"}, {"start": "00:18:12", "end": "00:18:22", "text": "polka dot is, but uh some hacker"}, {"start": "00:18:16", "end": "00:18:26", "text": "minted 1 billion Polka Dot and dumped it"}, {"start": "00:18:22", "end": "00:18:29", "text": "in a single transaction. $237,000"}, {"start": "00:18:26", "end": "00:18:29", "text": "worth."}, {"start": "00:18:30", "end": "00:18:35", "text": "No good. 1 billion sounds like a lot,"}, {"start": "00:18:32", "end": "00:18:38", "text": "but it's only $237,000, right? I thought"}, {"start": "00:18:35", "end": "00:18:40", "text": "it was like 237 million or something."}, {"start": "00:18:38", "end": "00:18:42", "text": "That would be disastrous. Uh but you"}, {"start": "00:18:40", "end": "00:18:44", "text": "know unfortunately this stuff still"}, {"start": "00:18:42", "end": "00:18:47", "text": "happening. This is on this was done on"}, {"start": "00:18:44", "end": "00:18:50", "text": "the hyperbridge gateway contract not"}, {"start": "00:18:47", "end": "00:18:53", "text": "Polka Dot's core contract. So bridges"}, {"start": "00:18:50", "end": "00:18:57", "text": "seem to be like a really weak point. All"}, {"start": "00:18:53", "end": "00:19:00", "text": "the previous hacks with huge amounts of"}, {"start": "00:18:57", "end": "00:19:02", "text": "money taken have normally been with"}, {"start": "00:19:00", "end": "00:19:06", "text": "bridges because they're not as secure as"}, {"start": "00:19:02", "end": "00:19:11", "text": "the chains and people"}, {"start": "00:19:06", "end": "00:19:14", "text": "don't beef them up like they should. Um,"}, {"start": "00:19:11", "end": "00:19:18", "text": "but unfortunately this happened, so it"}, {"start": "00:19:14", "end": "00:19:20", "text": "sucks. Be careful. Be careful. Um,"}, {"start": "00:19:18", "end": "00:19:23", "text": "Japanese banks drop a bombshell."}, {"start": "00:19:20", "end": "00:19:26", "text": "Ripple's XRP/cost by 60% compared to"}, {"start": "00:19:23", "end": "00:19:28", "text": "Swift. That's not really a bombshell. We"}, {"start": "00:19:26", "end": "00:19:30", "text": "know crypto is cheaper. Here's the"}, {"start": "00:19:28", "end": "00:19:34", "text": "thing. Banks are probably going to adopt"}, {"start": "00:19:30", "end": "00:19:36", "text": "either Ripple's stable coin or stable"}, {"start": "00:19:34", "end": "00:19:39", "text": "coins themselves because that's even"}, {"start": "00:19:36", "end": "00:19:41", "text": "cheaper than XRP."}, {"start": "00:19:39", "end": "00:19:43", "text": "And this is the reason why Ripple"}, {"start": "00:19:41", "end": "00:19:45", "text": "themselves have a stable coin because"}, {"start": "00:19:43", "end": "00:19:47", "text": "they realize that and there's no"}, {"start": "00:19:45", "end": "00:19:50", "text": "volatility with holding a stable coin"}, {"start": "00:19:47", "end": "00:19:52", "text": "versus holding XRP. But regardless, it's"}, {"start": "00:19:50", "end": "00:19:54", "text": "going to help Ripple. Okay. I think they"}, {"start": "00:19:52", "end": "00:19:58", "text": "they have something where a certain"}, {"start": "00:19:54", "end": "00:20:01", "text": "amount of fees will be used uh to burn"}, {"start": "00:19:58", "end": "00:20:03", "text": "and not only that, you do need to if"}, {"start": "00:20:01", "end": "00:20:05", "text": "you're using RLUSD, you need to have"}, {"start": "00:20:03", "end": "00:20:07", "text": "Ripple for transaction fees. I I'm I'm"}, {"start": "00:20:05", "end": "00:20:10", "text": "thinking that's, you know, that's going"}, {"start": "00:20:07", "end": "00:20:12", "text": "to help in the long run, too. Overall,"}, {"start": "00:20:10", "end": "00:20:14", "text": "this helps Ripple and they're doing just"}, {"start": "00:20:12", "end": "00:20:17", "text": "fine. They have so much money, it's"}, {"start": "00:20:14", "end": "00:20:20", "text": "crazy. Uh, and this is funny. Uh, you"}, {"start": "00:20:17", "end": "00:20:22", "text": "know, Justin, son of Tron, I've always"}, {"start": "00:20:20", "end": "00:20:23", "text": "said I don't really quite trust him and"}, {"start": "00:20:22", "end": "00:20:25", "text": "his intentions. He has done some very"}, {"start": "00:20:23", "end": "00:20:27", "text": "shady things in the past. I don't know"}, {"start": "00:20:25", "end": "00:20:28", "text": "if that's changed, but you know,"}, {"start": "00:20:27", "end": "00:20:32", "text": "recently, last year, he bought a"}, {"start": "00:20:28", "end": "00:20:34", "text": "boatload of world financial tokens uh"}, {"start": "00:20:32", "end": "00:20:36", "text": "just so that he can go and try to meet"}, {"start": "00:20:34", "end": "00:20:38", "text": "Trump. He got a go watch. He took a"}, {"start": "00:20:36", "end": "00:20:42", "text": "picture, but Trump didn't really talk to"}, {"start": "00:20:38", "end": "00:20:46", "text": "him and left. And then later on, Roll"}, {"start": "00:20:42", "end": "00:20:49", "text": "Financial accused Justin Sun of dumping"}, {"start": "00:20:46", "end": "00:20:53", "text": "and uh supposedly"}, {"start": "00:20:49", "end": "00:20:55", "text": "they locked his funds. Okay, that's the"}, {"start": "00:20:53", "end": "00:20:58", "text": "extent of it. I don't know what's real"}, {"start": "00:20:55", "end": "00:21:01", "text": "with speculation. It's he said, she said"}, {"start": "00:20:58", "end": "00:21:03", "text": "kind of thing. Now Justin's son is"}, {"start": "00:21:01", "end": "00:21:06", "text": "coming out and saying, \"Well, I didn't"}, {"start": "00:21:03", "end": "00:21:10", "text": "know they have a black door blacklisting"}, {"start": "00:21:06", "end": "00:21:13", "text": "function in their smart contract and"}, {"start": "00:21:10", "end": "00:21:16", "text": "uh I don't support it anymore.\" Okay. Uh"}, {"start": "00:21:13", "end": "00:21:19", "text": "and then World of Financial says, \"Does"}, {"start": "00:21:16", "end": "00:21:21", "text": "anyone still believe this guy playing"}, {"start": "00:21:19", "end": "00:21:23", "text": "the victim while making baseless"}, {"start": "00:21:21", "end": "00:21:26", "text": "claims?\" And it seems like they're going"}, {"start": "00:21:23", "end": "00:21:29", "text": "to sue Justin Sun."}, {"start": "00:21:26", "end": "00:21:32", "text": "So, I don't know. I don't know what's"}, {"start": "00:21:29", "end": "00:21:32", "text": "going on,"}, {"start": "00:21:35", "end": "00:21:40", "text": "but I thought that's interesting to"}, {"start": "00:21:37", "end": "00:21:43", "text": "share. All right, that's pretty much it."}, {"start": "00:21:40", "end": "00:21:46", "text": "Look at Bitcoin even today. Is it still"}, {"start": "00:21:43", "end": "00:21:49", "text": "red?"}, {"start": "00:21:46", "end": "00:21:52", "text": "It's still red, but Bitcoin found a"}, {"start": "00:21:49", "end": "00:21:54", "text": "bottom. It's coming up holding at 71,000"}, {"start": "00:21:52", "end": "00:21:58", "text": "which is absolutely fantastic compared"}, {"start": "00:21:54", "end": "00:22:03", "text": "to the 66,000 that we started at earlier"}, {"start": "00:21:58", "end": "00:22:06", "text": "in April and you know in March. Overall,"}, {"start": "00:22:03", "end": "00:22:09", "text": "we're still holding in this, you know,"}, {"start": "00:22:06", "end": "00:22:10", "text": "between this this channel here. We"}, {"start": "00:22:09", "end": "00:22:13", "text": "haven't really broken out, but we have"}, {"start": "00:22:10", "end": "00:22:16", "text": "tested it a few times. We tested it"}, {"start": "00:22:13", "end": "00:22:17", "text": "recently here just a few days ago. So,"}, {"start": "00:22:16", "end": "00:22:20", "text": "you know, this is part of the bottoming"}, {"start": "00:22:17", "end": "00:22:22", "text": "process where we slowly trend upwards,"}, {"start": "00:22:20", "end": "00:22:24", "text": "right? We break through some of these"}, {"start": "00:22:22", "end": "00:22:27", "text": "resist resistances and then we continue"}, {"start": "00:22:24", "end": "00:22:27", "text": "to forward."}, {"start": "00:22:28", "end": "00:22:37", "text": "Uh, yep. So, I asked uh I asked uh Clash"}, {"start": "00:22:33", "end": "00:22:39", "text": "about this too. Why why are we blocking"}, {"start": "00:22:37", "end": "00:22:41", "text": "the blockade or why are we sending the"}, {"start": "00:22:39", "end": "00:22:45", "text": "blockade?"}, {"start": "00:22:41", "end": "00:22:45", "text": "uh you know"}, {"start": "00:22:46", "end": "00:22:49", "text": "and it says the the move signals"}, {"start": "00:22:47", "end": "00:22:54", "text": "administration is pivoting from"}, {"start": "00:22:49", "end": "00:22:56", "text": "diplomacy to economic pressure."}, {"start": "00:22:54", "end": "00:22:58", "text": "Uh what this actually signals is Trump"}, {"start": "00:22:56", "end": "00:23:01", "text": "abandoned a soft power play advances"}, {"start": "00:22:58", "end": "00:23:04", "text": "diplomatic overture to Pakistan failed"}, {"start": "00:23:01", "end": "00:23:07", "text": "and now we're in overt economic warfare"}, {"start": "00:23:04", "end": "00:23:09", "text": "with Iran."}, {"start": "00:23:07", "end": "00:23:13", "text": "The second order effect, any ship that"}, {"start": "00:23:09", "end": "00:23:16", "text": "paid Iran's toll becomes a US target."}, {"start": "00:23:13", "end": "00:23:21", "text": "That's forcing neutral shipping into"}, {"start": "00:23:16", "end": "00:23:22", "text": "compliance, not just punishing Iran."}, {"start": "00:23:21", "end": "00:23:24", "text": "The number that matters the most is the"}, {"start": "00:23:22", "end": "00:23:26", "text": "20% of global oil. That's enough to move"}, {"start": "00:23:24", "end": "00:23:30", "text": "geopolitics and energy markets for"}, {"start": "00:23:26", "end": "00:23:33", "text": "months if a blockade sticks."}, {"start": "00:23:30", "end": "00:23:36", "text": "So, and then to continue on, uh it"}, {"start": "00:23:33", "end": "00:23:39", "text": "serves three purposes. choke Iran's oil"}, {"start": "00:23:36", "end": "00:23:42", "text": "reserve, force compliance from China and"}, {"start": "00:23:39", "end": "00:23:45", "text": "India. That's"}, {"start": "00:23:42", "end": "00:23:48", "text": "that's important there because they're"}, {"start": "00:23:45", "end": "00:23:51", "text": "the biggest buyers of oil"}, {"start": "00:23:48", "end": "00:23:54", "text": "and signal hard power dominance after"}, {"start": "00:23:51", "end": "00:23:56", "text": "Vance's failed diplomacy."}, {"start": "00:23:54", "end": "00:23:59", "text": "No good for Vance. Just last week, I was"}, {"start": "00:23:56", "end": "00:24:02", "text": "saying, you know, Vance is not that guy."}, {"start": "00:23:59", "end": "00:24:04", "text": "And uh he serves as a puppet right now"}, {"start": "00:24:02", "end": "00:24:06", "text": "for Trump. Uh but he's trying to make"}, {"start": "00:24:04", "end": "00:24:11", "text": "some political moves and it's not good"}, {"start": "00:24:06", "end": "00:24:11", "text": "that he failed in this diplomacy."}, {"start": "00:24:17", "end": "00:24:21", "text": "Okay. Well, that makes sense. But it"}, {"start": "00:24:19", "end": "00:24:24", "text": "still doesn't make sense. Just a week"}, {"start": "00:24:21", "end": "00:24:28", "text": "ago, we were pressuring them to open and"}, {"start": "00:24:24", "end": "00:24:31", "text": "now we're pressuring them"}, {"start": "00:24:28", "end": "00:24:33", "text": "by shutting it down. Uh it's kind of"}, {"start": "00:24:31", "end": "00:24:37", "text": "funny. Kind of funny how that works. All"}, {"start": "00:24:33", "end": "00:24:37", "text": "right, let's do some Q&A."}, {"start": "00:25:21", "end": "00:25:26", "text": "is Doge let's ask let's answer a crypto"}, {"start": "00:25:24", "end": "00:25:30", "text": "question"}, {"start": "00:25:26", "end": "00:25:33", "text": "is Doge still good without Elon at Doge"}, {"start": "00:25:30", "end": "00:25:37", "text": "um that's questionable Doge was never"}, {"start": "00:25:33", "end": "00:25:39", "text": "good you could argue until Elon came and"}, {"start": "00:25:37", "end": "00:25:43", "text": "and uses"}, {"start": "00:25:39", "end": "00:25:45", "text": "enormous power to kind of uh revitalize"}, {"start": "00:25:43", "end": "00:25:47", "text": "it. But now he doesn't really talk about"}, {"start": "00:25:45", "end": "00:25:49", "text": "because he got sued over it. He has"}, {"start": "00:25:47", "end": "00:25:51", "text": "other things that he's worried about. So"}, {"start": "00:25:49", "end": "00:25:54", "text": "he's not really talking about it. But"}, {"start": "00:25:51", "end": "00:25:56", "text": "when it comes to meme projects, you need"}, {"start": "00:25:54", "end": "00:25:58", "text": "a strong leadership."}, {"start": "00:25:56", "end": "00:26:03", "text": "Okay, that's number one. You got a lot"}, {"start": "00:25:58", "end": "00:26:06", "text": "of marketing, you know, um"}, {"start": "00:26:03", "end": "00:26:07", "text": "social awareness, I guess."}, {"start": "00:26:06", "end": "00:26:09", "text": "But then if you don't have any of those"}, {"start": "00:26:07", "end": "00:26:12", "text": "things, then you know, you got to have"}, {"start": "00:26:09", "end": "00:26:15", "text": "you got to have some kind of utility,"}, {"start": "00:26:12", "end": "00:26:18", "text": "right? Something that's going to make it"}, {"start": "00:26:15", "end": "00:26:20", "text": "thrive even without that leadership. Uh"}, {"start": "00:26:18", "end": "00:26:24", "text": "but better is when you have all of it."}, {"start": "00:26:20", "end": "00:26:28", "text": "See, that's where Clash has it all. Um I"}, {"start": "00:26:24", "end": "00:26:31", "text": "just unleashed um my AVA bot in Discord"}, {"start": "00:26:28", "end": "00:26:34", "text": "and people have been conversing with it."}, {"start": "00:26:31", "end": "00:26:36", "text": "It's pretty cool, but it shows you the"}, {"start": "00:26:34", "end": "00:26:39", "text": "it's it's a small taste of what AI could"}, {"start": "00:26:36", "end": "00:26:42", "text": "do and what I've built. Um,"}, {"start": "00:26:39", "end": "00:26:45", "text": "but yeah, we have so much. Ask Clash is"}, {"start": "00:26:42", "end": "00:26:49", "text": "one of the best at answering anything."}, {"start": "00:26:45", "end": "00:26:52", "text": "And Clash Pix, we got so much going on."}, {"start": "00:26:49", "end": "00:26:55", "text": "So much going on."}, {"start": "00:26:52", "end": "00:26:57", "text": "Uh starving you grow, I grow. Starving"}, {"start": "00:26:55", "end": "00:26:59", "text": "China of energy will help deter the"}, {"start": "00:26:57", "end": "00:27:02", "text": "Taiwan invasion as they have limited"}, {"start": "00:26:59", "end": "00:27:05", "text": "fuel res rever uh reserves to attack."}, {"start": "00:27:02", "end": "00:27:08", "text": "That's a good point because China is now"}, {"start": "00:27:05", "end": "00:27:10", "text": "looking at Taiwan and thinking, well, if"}, {"start": "00:27:08", "end": "00:27:12", "text": "Trump could do all this, why can't we do"}, {"start": "00:27:10", "end": "00:27:14", "text": "it? Is the US really going to try to"}, {"start": "00:27:12", "end": "00:27:18", "text": "stop us when they're in the middle of a"}, {"start": "00:27:14", "end": "00:27:22", "text": "war right now? Right? So, China is like"}, {"start": "00:27:18", "end": "00:27:23", "text": "the biggest China, India, biggest buyers"}, {"start": "00:27:22", "end": "00:27:26", "text": "of oil, Iran, and you know, they're"}, {"start": "00:27:23", "end": "00:27:27", "text": "probably struggling now that they can't."}, {"start": "00:27:26", "end": "00:27:29", "text": "Uh, but it's not just them. A lot of"}, {"start": "00:27:27", "end": "00:27:30", "text": "Asian countries are dependent on that"}, {"start": "00:27:29", "end": "00:27:32", "text": "oil. So, if you're just doing this just"}, {"start": "00:27:30", "end": "00:27:36", "text": "to punish China, you're going to punish"}, {"start": "00:27:32", "end": "00:27:36", "text": "a lot of other countries, too."}, {"start": "00:27:41", "end": "00:27:49", "text": "Can I chime in on SPS? And I I don't"}, {"start": "00:27:44", "end": "00:27:49", "text": "know enough about it to chime in on it."}, {"start": "00:27:51", "end": "00:27:58", "text": "Am I still behind Clash? Did I just not"}, {"start": "00:27:54", "end": "00:28:00", "text": "talk about Clash? About the bot as Clash"}, {"start": "00:27:58", "end": "00:28:02", "text": "Clash pickics. All these are Clash"}, {"start": "00:28:00", "end": "00:28:05", "text": "projects. Have you been paying"}, {"start": "00:28:02", "end": "00:28:05", "text": "attention?"}, {"start": "00:28:15", "end": "00:28:22", "text": "You know what? Let's ask."}, {"start": "00:28:18", "end": "00:28:25", "text": "Do you think China is going to invade"}, {"start": "00:28:22", "end": "00:28:25", "text": "Taiwan?"}, {"start": "00:28:41", "end": "00:28:46", "text": "What a nice picture. Uh, not by the end"}, {"start": "00:28:44", "end": "00:28:48", "text": "of 2026. China's offering Taiwan"}, {"start": "00:28:46", "end": "00:28:51", "text": "economic incentives right now, the"}, {"start": "00:28:48", "end": "00:28:55", "text": "opposite of invasion prep. Prediction"}, {"start": "00:28:51", "end": "00:28:55", "text": "markets price it at 8.7%."}, {"start": "00:28:55", "end": "00:28:59", "text": "See, what matters is, and this is what's"}, {"start": "00:28:58", "end": "00:29:03", "text": "important,"}, {"start": "00:28:59", "end": "00:29:07", "text": "Trump's Taiwan calculus, the abandoned"}, {"start": "00:29:03", "end": "00:29:10", "text": "Iran diplom diplomacy hard with Hormuz's"}, {"start": "00:29:07", "end": "00:29:12", "text": "blockade energy markets tight. Taiwan"}, {"start": "00:29:10", "end": "00:29:14", "text": "becomes leverage, not a flash point"}, {"start": "00:29:12", "end": "00:29:16", "text": "Trump needs right now. China knows this."}, {"start": "00:29:14", "end": "00:29:19", "text": "They're flooding Taiwan with trade deals"}, {"start": "00:29:16", "end": "00:29:22", "text": "while the US is distracted by Iran. The"}, {"start": "00:29:19", "end": "00:29:24", "text": "smarter play economic integration beats"}, {"start": "00:29:22", "end": "00:29:28", "text": "amphibious assault when the other side"}, {"start": "00:29:24", "end": "00:29:31", "text": "has no bandwidth. The real risk is 2027"}, {"start": "00:29:28", "end": "00:29:31", "text": "and onwards."}, {"start": "00:29:33", "end": "00:29:37", "text": "Well, it seems like China's"}, {"start": "00:29:35", "end": "00:29:42", "text": "playing some 40 chess of itself right"}, {"start": "00:29:37", "end": "00:29:45", "text": "now, trying to uh trying to woo Taiwan"}, {"start": "00:29:42", "end": "00:29:48", "text": "with economic incentives rather than try"}, {"start": "00:29:45", "end": "00:29:51", "text": "to like take them over. And this is"}, {"start": "00:29:48", "end": "00:29:56", "text": "setting up the stage for 2027 and beyond"}, {"start": "00:29:51", "end": "00:29:56", "text": "while the US is distracted."}, {"start": "00:29:57", "end": "00:30:01", "text": "There's a lot of 40 chess being played"}, {"start": "00:29:59", "end": "00:30:04", "text": "right now. I don't know. We're playing"}, {"start": "00:30:01", "end": "00:30:06", "text": "the US playing 40 chess or checkers, but"}, {"start": "00:30:04", "end": "00:30:09", "text": "it seems like there's a lot of things"}, {"start": "00:30:06", "end": "00:30:09", "text": "moving right now."}, {"start": "00:30:13", "end": "00:30:19", "text": "But you know what? What else is moving"}, {"start": "00:30:14", "end": "00:30:19", "text": "is Bitcoin right now. So that's good."}, {"start": "00:30:34", "end": "00:30:39", "text": "Open AI app. No, I don't have a open AI"}, {"start": "00:30:36", "end": "00:30:41", "text": "on it. No, not right now. I'm still"}, {"start": "00:30:39", "end": "00:30:44", "text": "trying. I'm still tweaking it. It's not"}, {"start": "00:30:41", "end": "00:30:47", "text": "perfect by any means, but I think it's"}, {"start": "00:30:44", "end": "00:30:50", "text": "95% there. The infrastructure is great."}, {"start": "00:30:47", "end": "00:30:52", "text": "It gives absolutely terrific answers and"}, {"start": "00:30:50", "end": "00:30:54", "text": "has so much features that other people"}, {"start": "00:30:52", "end": "00:30:58", "text": "don't have. Other AIS don't. Not even"}, {"start": "00:30:54", "end": "00:31:00", "text": "close. But it's not it's not so robust"}, {"start": "00:30:58", "end": "00:31:03", "text": "that I could open up AI and then have a"}, {"start": "00:31:00", "end": "00:31:05", "text": "million calls being you know done. Not"}, {"start": "00:31:03", "end": "00:31:06", "text": "at that point. Maybe eventually as a"}, {"start": "00:31:05", "end": "00:31:10", "text": "revenue model that that could be"}, {"start": "00:31:06", "end": "00:31:12", "text": "something we do but not right now."}, {"start": "00:31:10", "end": "00:31:15", "text": "The target for ass clash is perplexity."}, {"start": "00:31:12", "end": "00:31:17", "text": "Perplexity is you know rate they based"}, {"start": "00:31:15", "end": "00:31:19", "text": "on how much they raise at the valuation"}, {"start": "00:31:17", "end": "00:31:23", "text": "is worth $20 billion which is"}, {"start": "00:31:19", "end": "00:31:25", "text": "ridiculous. Um, and they're doing the"}, {"start": "00:31:23", "end": "00:31:26", "text": "same thing that we are or we're doing"}, {"start": "00:31:25", "end": "00:31:28", "text": "the same thing they are. So that's the"}, {"start": "00:31:26", "end": "00:31:32", "text": "target."}, {"start": "00:31:28", "end": "00:31:34", "text": "So for for Clash pickics and ask Clash"}, {"start": "00:31:32", "end": "00:31:35", "text": "both,"}, {"start": "00:31:34", "end": "00:31:38", "text": "the target is over a billion dollar"}, {"start": "00:31:35", "end": "00:31:41", "text": "valuation for both. And imagine if that"}, {"start": "00:31:38", "end": "00:31:45", "text": "happens what Clash will be worth. So"}, {"start": "00:31:41", "end": "00:31:45", "text": "that's that's the endgame."}, {"start": "00:31:50", "end": "00:31:53", "text": "the blockade."}, {"start": "00:31:52", "end": "00:31:58", "text": "I don't know if it happened. I don't"}, {"start": "00:31:53", "end": "00:31:58", "text": "know if it happened in real time or not."}, {"start": "00:31:59", "end": "00:32:06", "text": "NASDAQ went up, which shows that the"}, {"start": "00:32:01", "end": "00:32:06", "text": "traders are not that afraid of this."}, {"start": "00:32:19", "end": "00:32:23", "text": "Ask Clash."}, {"start": "00:32:28", "end": "00:32:32", "text": "Uh,"}, {"start": "00:32:30", "end": "00:32:34", "text": "Vanahex,"}, {"start": "00:32:32", "end": "00:32:35", "text": "a lot of places you could buy on"}, {"start": "00:32:34", "end": "00:32:39", "text": "Coinbase. You could buy Clash on"}, {"start": "00:32:35", "end": "00:32:42", "text": "Coinbase. You could swap it on Phantom,"}, {"start": "00:32:39", "end": "00:32:45", "text": "on Jupiter. There's instructions in the"}, {"start": "00:32:42", "end": "00:32:45", "text": "description."}, {"start": "00:32:49", "end": "00:32:54", "text": "The US not blocking ships. Sencom"}, {"start": "00:32:52", "end": "00:32:56", "text": "clarified a blockade would be enforced"}, {"start": "00:32:54", "end": "00:32:59", "text": "impartially against vessels of all"}, {"start": "00:32:56", "end": "00:33:03", "text": "nations entering and departing Iranian"}, {"start": "00:32:59", "end": "00:33:06", "text": "ports but would not impede ships. Ooh."}, {"start": "00:33:03", "end": "00:33:11", "text": "Oo. If that's the case, that's good for"}, {"start": "00:33:06", "end": "00:33:11", "text": "markets, but bad for"}, {"start": "00:33:14", "end": "00:33:19", "text": "as a bargain ship, I guess. You know,"}, {"start": "00:33:23", "end": "00:33:27", "text": "George, he's not playing 40 chess. He's"}, {"start": "00:33:25", "end": "00:33:30", "text": "straight up shooting off the hip. It"}, {"start": "00:33:27", "end": "00:33:33", "text": "could be or it's part of negotiating"}, {"start": "00:33:30", "end": "00:33:33", "text": "tactics."}, {"start": "00:33:44", "end": "00:33:49", "text": "Steo, I don't have anything good or bad"}, {"start": "00:33:46", "end": "00:33:52", "text": "to say about Canton. Not something I"}, {"start": "00:33:49", "end": "00:33:52", "text": "follow right now."}, {"start": "00:34:01", "end": "00:34:06", "text": "Thomas, talk is cheap. Anyone can say"}, {"start": "00:34:04", "end": "00:34:08", "text": "that,"}, {"start": "00:34:06", "end": "00:34:11", "text": "but actually showing what it can do is"}, {"start": "00:34:08", "end": "00:34:13", "text": "another thing. There's too many crypto"}, {"start": "00:34:11", "end": "00:34:15", "text": "projects in this space that talk a big"}, {"start": "00:34:13", "end": "00:34:18", "text": "game, but they don't do anything. That's"}, {"start": "00:34:15", "end": "00:34:20", "text": "what I'm trying to do."}, {"start": "00:34:18", "end": "00:34:22", "text": "Make the ecosystem the best there is. So"}, {"start": "00:34:20", "end": "00:34:24", "text": "when the market flips around, there is"}, {"start": "00:34:22", "end": "00:34:26", "text": "absolutely nothing that's going to stop"}, {"start": "00:34:24", "end": "00:34:29", "text": "it. That's the best thing you could do."}, {"start": "00:34:26", "end": "00:34:30", "text": "Otherwise, you know, people talking"}, {"start": "00:34:29", "end": "00:34:33", "text": "about marketing and stuff like that."}, {"start": "00:34:30", "end": "00:34:36", "text": "Right now, in a in a market where"}, {"start": "00:34:33", "end": "00:34:40", "text": "there's fears about war and blockades"}, {"start": "00:34:36", "end": "00:34:42", "text": "and and oil spiking, you're just dumping"}, {"start": "00:34:40", "end": "00:34:44", "text": "money into the toilet. If you're trying"}, {"start": "00:34:42", "end": "00:34:46", "text": "to market, the only thing is you got to"}, {"start": "00:34:44", "end": "00:34:48", "text": "keep your head on straight. You got to"}, {"start": "00:34:46", "end": "00:34:50", "text": "continue building. Keep the community"}, {"start": "00:34:48", "end": "00:34:55", "text": "engaged. That's it. When the market"}, {"start": "00:34:50", "end": "00:34:55", "text": "turns around, it solves all problems."}, {"start": "00:35:13", "end": "00:35:17", "text": "Oh, I didn't do any charting today."}, {"start": "00:35:15", "end": "00:35:21", "text": "Let's see if this uh the bullish cross"}, {"start": "00:35:17", "end": "00:35:21", "text": "did happen."}, {"start": "00:35:24", "end": "00:35:30", "text": "All right. Uh let's see. One day still"}, {"start": "00:35:27", "end": "00:35:32", "text": "neutral. Let's see if the one week"}, {"start": "00:35:30", "end": "00:35:34", "text": "turned"}, {"start": "00:35:32", "end": "00:35:36", "text": "bullish or not."}, {"start": "00:35:34", "end": "00:35:38", "text": "Not yet. We're trying to break out of"}, {"start": "00:35:36", "end": "00:35:42", "text": "that trend line and we still haven't"}, {"start": "00:35:38", "end": "00:35:44", "text": "been able to break it decisively. This"}, {"start": "00:35:42", "end": "00:35:47", "text": "is on the weekly scale and you can see"}, {"start": "00:35:44", "end": "00:35:50", "text": "we're still down about 41%. We need to"}, {"start": "00:35:47", "end": "00:35:52", "text": "break out of that. If we do, it's going"}, {"start": "00:35:50", "end": "00:35:55", "text": "to be pretty good. Pretty good all"}, {"start": "00:35:52", "end": "00:35:59", "text": "around. You know, the next real hard"}, {"start": "00:35:55", "end": "00:36:01", "text": "stop for Bitcoin is around 95,000."}, {"start": "00:35:59", "end": "00:36:05", "text": "There's a lot of short stops in between,"}, {"start": "00:36:01", "end": "00:36:09", "text": "but the hard the hard resistance"}, {"start": "00:36:05", "end": "00:36:12", "text": "is at 95,000."}, {"start": "00:36:09", "end": "00:36:14", "text": "That's on the weekly scale. So,"}, {"start": "00:36:12", "end": "00:36:18", "text": "but on a shorter shorter time scale, you"}, {"start": "00:36:14", "end": "00:36:22", "text": "know, let's see like 4 hour 4 hour is"}, {"start": "00:36:18", "end": "00:36:22", "text": "actually looking decent."}, {"start": "00:36:22", "end": "00:36:25", "text": "You could see"}, {"start": "00:36:25", "end": "00:36:31", "text": "the short-term resistance around 729."}, {"start": "00:36:29", "end": "00:36:34", "text": "you know, some of the things"}, {"start": "00:36:31", "end": "00:36:39", "text": "that's happening. Um,"}, {"start": "00:36:34", "end": "00:36:39", "text": "looking good. We're flipping above,"}, {"start": "00:36:42", "end": "00:36:46", "text": "but you know, a lot of this is a lot of"}, {"start": "00:36:44", "end": "00:36:49", "text": "this is still dependent on, you know,"}, {"start": "00:36:46", "end": "00:36:52", "text": "this blockade and what's happening. If"}, {"start": "00:36:49", "end": "00:36:55", "text": "we're not doing a blockade,"}, {"start": "00:36:52", "end": "00:36:55", "text": "stuff like that."}, {"start": "00:37:14", "end": "00:37:18", "text": "What do you recently launched Nitecoin"}, {"start": "00:37:16", "end": "00:37:21", "text": "that allows for institutional privacy on"}, {"start": "00:37:18", "end": "00:37:21", "text": "Cardano?"}, {"start": "00:37:22", "end": "00:37:28", "text": "Sounds like a good feature."}, {"start": "00:37:25", "end": "00:37:31", "text": "You know, institutions don't want all"}, {"start": "00:37:28", "end": "00:37:34", "text": "their privacy revealed, right? Like all"}, {"start": "00:37:31", "end": "00:37:35", "text": "their transactions and stuff. That's one"}, {"start": "00:37:34", "end": "00:37:37", "text": "of the the bad things about a public"}, {"start": "00:37:35", "end": "00:37:39", "text": "blockchain is a lot of these"}, {"start": "00:37:37", "end": "00:37:41", "text": "institutions don't want to use it"}, {"start": "00:37:39", "end": "00:37:43", "text": "because they don't want people to track"}, {"start": "00:37:41", "end": "00:37:46", "text": "their transactions, right? So, some"}, {"start": "00:37:43", "end": "00:37:48", "text": "privacy features are needed. There are"}, {"start": "00:37:46", "end": "00:37:50", "text": "some projects already that offer like a"}, {"start": "00:37:48", "end": "00:37:52", "text": "public and private blockchain kind of"}, {"start": "00:37:50", "end": "00:37:55", "text": "setup for that reason. I don't really"}, {"start": "00:37:52", "end": "00:37:57", "text": "hear a lot of companies using them. Most"}, {"start": "00:37:55", "end": "00:38:01", "text": "big companies are just coming out their"}, {"start": "00:37:57", "end": "00:38:06", "text": "own. Um, but if that's what night does,"}, {"start": "00:38:01", "end": "00:38:06", "text": "then then great. It serves a purpose."}, {"start": "00:38:25", "end": "00:38:30", "text": "Uh, you know what? My cars are still"}, {"start": "00:38:28", "end": "00:38:33", "text": "kind of sitting on this lift with his"}, {"start": "00:38:30", "end": "00:38:36", "text": "covers on. So, I got to worry about"}, {"start": "00:38:33", "end": "00:38:38", "text": "taxes now. You know, taxes suck. I don't"}, {"start": "00:38:36", "end": "00:38:40", "text": "know how many you guys are getting ready"}, {"start": "00:38:38", "end": "00:38:43", "text": "to file or doing extension. I got a"}, {"start": "00:38:40", "end": "00:38:46", "text": "couple days to decide if I need to uh"}, {"start": "00:38:43", "end": "00:38:48", "text": "pay or extend, but it's a substantial"}, {"start": "00:38:46", "end": "00:38:51", "text": "amount of money that I don't want to"}, {"start": "00:38:48", "end": "00:38:54", "text": "pay, especially after, you know, coming"}, {"start": "00:38:51", "end": "00:38:57", "text": "down from our highs, right? Paying taxes"}, {"start": "00:38:54", "end": "00:38:57", "text": "suck."}, {"start": "00:38:57", "end": "00:39:02", "text": "If I was living in a country that had no"}, {"start": "00:39:00", "end": "00:39:04", "text": "income tax or capital gains tax, that"}, {"start": "00:39:02", "end": "00:39:05", "text": "would be awesome. But I don't. But I,"}, {"start": "00:39:04", "end": "00:39:07", "text": "you know, I know that there are"}, {"start": "00:39:05", "end": "00:39:09", "text": "countries like in Europe that are in way"}, {"start": "00:39:07", "end": "00:39:12", "text": "worse"}, {"start": "00:39:09", "end": "00:39:16", "text": "shape than the US. Um, so I can't really"}, {"start": "00:39:12", "end": "00:39:16", "text": "complain about that."}, {"start": "00:39:26", "end": "00:39:31", "text": "Now, you could always extend it, but I"}, {"start": "00:39:28", "end": "00:39:34", "text": "don't I don't know. I have an accountant"}, {"start": "00:39:31", "end": "00:39:36", "text": "that's doing it. The problem is that"}, {"start": "00:39:34", "end": "00:39:38", "text": "firm"}, {"start": "00:39:36", "end": "00:39:40", "text": "always waits in the last minute. They do"}, {"start": "00:39:38", "end": "00:39:42", "text": "a really good job at deductions and"}, {"start": "00:39:40", "end": "00:39:45", "text": "stuff like that, but they always wait"}, {"start": "00:39:42", "end": "00:39:47", "text": "like two days before it's due. Like, oh,"}, {"start": "00:39:45", "end": "00:39:49", "text": "we got your numbers. I'm like, I need"}, {"start": "00:39:47", "end": "00:39:53", "text": "more time than that."}, {"start": "00:39:49", "end": "00:39:55", "text": "I can't deal with, you know, you got to"}, {"start": "00:39:53", "end": "00:39:58", "text": "pay this amount like two days before"}, {"start": "00:39:55", "end": "00:39:59", "text": "it's due. That's the one thing that I I"}, {"start": "00:39:58", "end": "00:40:04", "text": "don't like about them. But they're"}, {"start": "00:39:59", "end": "00:40:04", "text": "really good in most things."}, {"start": "00:40:23", "end": "00:40:27", "text": "Crypto is the future of finance. Really"}, {"start": "00:40:25", "end": "00:40:29", "text": "great time to be alive. I mean, crypto"}, {"start": "00:40:27", "end": "00:40:32", "text": "is the future. It's pretty obvious if"}, {"start": "00:40:29", "end": "00:40:34", "text": "you haven't been paying attention."}, {"start": "00:40:32", "end": "00:40:39", "text": "Everyone's jumping on either to Bitcoin"}, {"start": "00:40:34", "end": "00:40:42", "text": "adoption or utilizing blockchain for"}, {"start": "00:40:39", "end": "00:40:46", "text": "DeFi for RWA, especially Bing move and"}, {"start": "00:40:42", "end": "00:40:48", "text": "stable coins. So, it's definitely the"}, {"start": "00:40:46", "end": "00:40:52", "text": "future, but I think you guys know that"}, {"start": "00:40:48", "end": "00:40:52", "text": "already. That's why you're here."}, {"start": "00:40:52", "end": "00:40:58", "text": "All right, I will get going. Overall"}, {"start": "00:40:55", "end": "00:41:01", "text": "today, not bad. Even though the blockade"}, {"start": "00:40:58", "end": "00:41:03", "text": "is supposed to start, apparently it"}, {"start": "00:41:01", "end": "00:41:08", "text": "didn't. And we're still letting ships"}, {"start": "00:41:03", "end": "00:41:12", "text": "through. But it's is it 40 chess or is"}, {"start": "00:41:08", "end": "00:41:15", "text": "it checkers or is it Uno? at this point."}, {"start": "00:41:12", "end": "00:41:18", "text": "It's hard to say. It's hard to say. Um,"}, {"start": "00:41:15", "end": "00:41:19", "text": "but stay strong, my friends. I'll see"}, {"start": "00:41:18", "end": "00:41:23", "text": "some of you guys in Discord. Go check"}, {"start": "00:41:19", "end": "00:41:27", "text": "out the Ava bot. She's really good. Um,"}, {"start": "00:41:23", "end": "00:41:30", "text": "and also check out Ask Clash and Clash"}, {"start": "00:41:27", "end": "00:41:33", "text": "Pics. All right, smash a like, subscribe"}, {"start": "00:41:30", "end": "00:41:33", "text": "to the channel. Have a good one, guys."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Welcome back to Cryptos Us. I am George."}, {"start": "00:00:06", "end": "00:00:11", "text": "We're all George. Uh, happy Friday. I"}, {"start": "00:00:09", "end": "00:00:14", "text": "can't believe it's Friday already. It"}, {"start": "00:00:11", "end": "00:00:16", "text": "does not feel like Friday, but happy"}, {"start": "00:00:14", "end": "00:00:19", "text": "Friday. Welcome to another market open"}, {"start": "00:00:16", "end": "00:00:24", "text": "stream. Bitcoin is opening up strong"}, {"start": "00:00:19", "end": "00:00:26", "text": "today. US markets. So, so and"}, {"start": "00:00:24", "end": "00:00:29", "text": "you know, we got some got some important"}, {"start": "00:00:26", "end": "00:00:31", "text": "stuff to talk about, including a major"}, {"start": "00:00:29", "end": "00:00:34", "text": "breakout possibly for Bitcoin. All"}, {"start": "00:00:31", "end": "00:00:36", "text": "right, so let's let's do it. Let's have"}, {"start": "00:00:34", "end": "00:00:39", "text": "some fun. It's Friday. Let's have a long"}, {"start": "00:00:36", "end": "00:00:42", "text": "Q&A session and"}, {"start": "00:00:39", "end": "00:00:44", "text": "do it."}, {"start": "00:00:42", "end": "00:00:46", "text": "All right,"}, {"start": "00:00:44", "end": "00:00:50", "text": "let's do it. Welcome, welcome, welcome."}, {"start": "00:00:46", "end": "00:00:54", "text": "As you can see, we are starting out at"}, {"start": "00:00:50", "end": "00:00:56", "text": "724. This is really good. Building upon"}, {"start": "00:00:54", "end": "00:00:59", "text": "yesterday. Yesterday, we start out hot,"}, {"start": "00:00:56", "end": "00:01:03", "text": "came back down a little bit. Now, we're"}, {"start": "00:00:59", "end": "00:01:03", "text": "heading back up."}, {"start": "00:01:03", "end": "00:01:08", "text": "So, that is very good. That is very"}, {"start": "00:01:05", "end": "00:01:10", "text": "good. Let's see if we can build upon"}, {"start": "00:01:08", "end": "00:01:13", "text": "that. Right now, you can see the US"}, {"start": "00:01:10", "end": "00:01:15", "text": "market has opened uh mostly green for"}, {"start": "00:01:13", "end": "00:01:18", "text": "NASDAQ."}, {"start": "00:01:15", "end": "00:01:20", "text": "All right. consumer CPI or PCE came out"}, {"start": "00:01:18", "end": "00:01:22", "text": "today"}, {"start": "00:01:20", "end": "00:01:25", "text": "and"}, {"start": "00:01:22", "end": "00:01:31", "text": "energy prices spiked. So repercussions"}, {"start": "00:01:25", "end": "00:01:35", "text": "of uh oil going upwards already hitting"}, {"start": "00:01:31", "end": "00:01:35", "text": "you know hitting uh"}, {"start": "00:01:35", "end": "00:01:43", "text": "hitting these indexes and uh and prices"}, {"start": "00:01:39", "end": "00:01:45", "text": "obviously. So not good at all but it's"}, {"start": "00:01:43", "end": "00:01:47", "text": "not horrible. That's the thing, you"}, {"start": "00:01:45", "end": "00:01:50", "text": "know, it's not like we skyrocketed to"}, {"start": "00:01:47", "end": "00:01:53", "text": "like 5% or something like that. So, I"}, {"start": "00:01:50", "end": "00:01:55", "text": "think overall,"}, {"start": "00:01:53", "end": "00:01:58", "text": "everyone does still anticipate the"}, {"start": "00:01:55", "end": "00:02:01", "text": "ceasefire will"}, {"start": "00:01:58", "end": "00:02:03", "text": "one way or another"}, {"start": "00:02:01", "end": "00:02:05", "text": "uh stay put and we're not going to get"}, {"start": "00:02:03", "end": "00:02:09", "text": "any more escalation."}, {"start": "00:02:05", "end": "00:02:12", "text": "But right now, I don't know why this is"}, {"start": "00:02:09", "end": "00:02:15", "text": "a thing. Trump"}, {"start": "00:02:12", "end": "00:02:18", "text": "uh is telling Iran to stop charging oil"}, {"start": "00:02:15", "end": "00:02:19", "text": "tankers to go straight to go through the"}, {"start": "00:02:18", "end": "00:02:21", "text": "straight of Hermuz. Here's the thing."}, {"start": "00:02:19", "end": "00:02:24", "text": "What what I'm confused about is Trump"}, {"start": "00:02:21", "end": "00:02:26", "text": "said they were looking at the 10point"}, {"start": "00:02:24", "end": "00:02:29", "text": "proposal by Iran and they think they"}, {"start": "00:02:26", "end": "00:02:32", "text": "could come to agreement, but one of the"}, {"start": "00:02:29", "end": "00:02:35", "text": "10 points is that they're allowed to"}, {"start": "00:02:32", "end": "00:02:37", "text": "charge fees to boats that are going"}, {"start": "00:02:35", "end": "00:02:39", "text": "through straighter hummus. So, I don't"}, {"start": "00:02:37", "end": "00:02:41", "text": "quite get it."}, {"start": "00:02:39", "end": "00:02:43", "text": "Iran"}, {"start": "00:02:41", "end": "00:02:46", "text": "already said this as one of their 10"}, {"start": "00:02:43", "end": "00:02:49", "text": "things that they want and now Trump is"}, {"start": "00:02:46", "end": "00:02:51", "text": "saying it because the oil companies are"}, {"start": "00:02:49", "end": "00:02:54", "text": "telling Trump, \"Hey, we don't want to"}, {"start": "00:02:51", "end": "00:02:56", "text": "pay those fees.\" Right? So that that's"}, {"start": "00:02:54", "end": "00:02:57", "text": "the thing like you can't you can't say"}, {"start": "00:02:56", "end": "00:03:01", "text": "you're agreeing to ceasefire and then"}, {"start": "00:02:57", "end": "00:03:02", "text": "change your mind after the oil companies"}, {"start": "00:03:01", "end": "00:03:05", "text": "come back and start complaining and"}, {"start": "00:03:02", "end": "00:03:07", "text": "bitching about it,"}, {"start": "00:03:05", "end": "00:03:10", "text": "you know? So I I don't know. He's not"}, {"start": "00:03:07", "end": "00:03:12", "text": "making any threats."}, {"start": "00:03:10", "end": "00:03:15", "text": "He's just saying he doesn't like it. The"}, {"start": "00:03:12", "end": "00:03:16", "text": "latest one is look at this. Iran is"}, {"start": "00:03:15", "end": "00:03:19", "text": "doing very poor job dishonorable some"}, {"start": "00:03:16", "end": "00:03:22", "text": "would say of allowing oil to go through"}, {"start": "00:03:19", "end": "00:03:24", "text": "Australia Humus. That is not agreement."}, {"start": "00:03:22", "end": "00:03:26", "text": "Wait, what?"}, {"start": "00:03:24", "end": "00:03:29", "text": "What? That is not an agreement we have."}, {"start": "00:03:26", "end": "00:03:29", "text": "Uh"}, {"start": "00:03:29", "end": "00:03:34", "text": "I think he meant to say wait Iran is"}, {"start": "00:03:33", "end": "00:03:37", "text": "doing very poor job dishonorable someone"}, {"start": "00:03:34", "end": "00:03:39", "text": "said of allowing oil to go through"}, {"start": "00:03:37", "end": "00:03:42", "text": "straight that's not agree I think he"}, {"start": "00:03:39", "end": "00:03:44", "text": "messed up I think he meant to say"}, {"start": "00:03:42", "end": "00:03:46", "text": "allowing oil to go through while"}, {"start": "00:03:44", "end": "00:03:50", "text": "charging them because that's isn't that"}, {"start": "00:03:46", "end": "00:03:50", "text": "what we want"}, {"start": "00:03:50", "end": "00:03:54", "text": "I'm confused I'm confused by this unless"}, {"start": "00:03:52", "end": "00:03:57", "text": "I'm reading this wrong. Iran is doing a"}, {"start": "00:03:54", "end": "00:04:00", "text": "very poor job, dishonorable some would"}, {"start": "00:03:57", "end": "00:04:02", "text": "say, of allowing oil to go through the"}, {"start": "00:04:00", "end": "00:04:04", "text": "straight. Okay, he's saying that they're"}, {"start": "00:04:02", "end": "00:04:07", "text": "not they're doing a poor job allowing"}, {"start": "00:04:04", "end": "00:04:08", "text": "oil to go through. Um, but they are"}, {"start": "00:04:07", "end": "00:04:11", "text": "they're discharging. Okay, I got it now."}, {"start": "00:04:08", "end": "00:04:14", "text": "I got it. But that's still kind of"}, {"start": "00:04:11", "end": "00:04:16", "text": "worded weirdly. Um but yeah, that was"}, {"start": "00:04:14", "end": "00:04:18", "text": "one of the 10 points that that they you"}, {"start": "00:04:16", "end": "00:04:20", "text": "know, one of the 10 points of the"}, {"start": "00:04:18", "end": "00:04:23", "text": "proposal they said uh they sent to the"}, {"start": "00:04:20", "end": "00:04:25", "text": "US for [snorts]"}, {"start": "00:04:23", "end": "00:04:27", "text": "for ceasefire. So I'm not even sure"}, {"start": "00:04:25", "end": "00:04:28", "text": "what's going on here. But I think"}, {"start": "00:04:27", "end": "00:04:30", "text": "overall everyone thinks that this"}, {"start": "00:04:28", "end": "00:04:33", "text": "ceasefire will continue. There will be"}, {"start": "00:04:30", "end": "00:04:35", "text": "an end to this war and that is why"}, {"start": "00:04:33", "end": "00:04:38", "text": "markets are starting to turn upwards,"}, {"start": "00:04:35", "end": "00:04:41", "text": "which is good. That's what we want."}, {"start": "00:04:38", "end": "00:04:43", "text": "But in the meantime, oil is [snorts]"}, {"start": "00:04:41", "end": "00:04:45", "text": "still elevated."}, {"start": "00:04:43", "end": "00:04:47", "text": "I think it's it's below 100, but still"}, {"start": "00:04:45", "end": "00:04:51", "text": "very elevated. Before the war started,"}, {"start": "00:04:47", "end": "00:04:55", "text": "keep in mind, we were at like $60."}, {"start": "00:04:51", "end": "00:04:57", "text": "Okay, so obviously that's more than 50%"}, {"start": "00:04:55", "end": "00:04:59", "text": "jump."}, {"start": "00:04:57", "end": "00:05:01", "text": "Uh, someone says the 10 points are"}, {"start": "00:04:59", "end": "00:05:03", "text": "different than the ones Iran post. Are"}, {"start": "00:05:01", "end": "00:05:07", "text": "you sure? Because th those are the 10"}, {"start": "00:05:03", "end": "00:05:09", "text": "points that was just discussed like days"}, {"start": "00:05:07", "end": "00:05:11", "text": "before or a day before. There may be"}, {"start": "00:05:09", "end": "00:05:14", "text": "some other 10 point but the last 10"}, {"start": "00:05:11", "end": "00:05:17", "text": "point was they were go charge fees"}, {"start": "00:05:14", "end": "00:05:19", "text": "and that's why the US didn't need to pay"}, {"start": "00:05:17", "end": "00:05:21", "text": "any uh reparations because you they were"}, {"start": "00:05:19", "end": "00:05:25", "text": "go collect it from they're go use the"}, {"start": "00:05:21", "end": "00:05:27", "text": "fees to rebuild. So I again"}, {"start": "00:05:25", "end": "00:05:31", "text": "I don't quite sure there's a updated"}, {"start": "00:05:27", "end": "00:05:33", "text": "10point list that was released."}, {"start": "00:05:31", "end": "00:05:37", "text": "Anyways, uh all this though"}, {"start": "00:05:33", "end": "00:05:40", "text": "unfortunately is uh making China"}, {"start": "00:05:37", "end": "00:05:43", "text": "a little bit more"}, {"start": "00:05:40", "end": "00:05:43", "text": "I don't know confident"}, {"start": "00:05:44", "end": "00:05:50", "text": "about maybe possibly taking over Taiwan."}, {"start": "00:05:48", "end": "00:05:53", "text": "This has been something that has been"}, {"start": "00:05:50", "end": "00:05:57", "text": "discussed for decades. China has always"}, {"start": "00:05:53", "end": "00:06:00", "text": "postured or postured around, you know,"}, {"start": "00:05:57", "end": "00:06:02", "text": "Taiwan belongs to us and they they've"}, {"start": "00:06:00", "end": "00:06:04", "text": "done military drills. They have made"}, {"start": "00:06:02", "end": "00:06:07", "text": "threats, but they have never acted upon"}, {"start": "00:06:04", "end": "00:06:10", "text": "him. But"}, {"start": "00:06:07", "end": "00:06:13", "text": "now that they see, well, Trump is just"}, {"start": "00:06:10", "end": "00:06:15", "text": "doing whatever the hell he wants."}, {"start": "00:06:13", "end": "00:06:17", "text": "Maybe we can too. But the thing is, the"}, {"start": "00:06:15", "end": "00:06:19", "text": "US is going to protect Taiwan. they"}, {"start": "00:06:17", "end": "00:06:23", "text": "still produce vast majority of the chips"}, {"start": "00:06:19", "end": "00:06:26", "text": "that AI companies use, computers, memory"}, {"start": "00:06:23", "end": "00:06:31", "text": "chips, like TSMC is just all over the"}, {"start": "00:06:26", "end": "00:06:33", "text": "place. So, uh until we don't need TSMC,"}, {"start": "00:06:31", "end": "00:06:35", "text": "the US will protect Taiwan and and"}, {"start": "00:06:33", "end": "00:06:40", "text": "prevent this from happening. The problem"}, {"start": "00:06:35", "end": "00:06:43", "text": "is TSMC and the US does have"}, {"start": "00:06:40", "end": "00:06:45", "text": "agreements to build more fabs. I think"}, {"start": "00:06:43", "end": "00:06:46", "text": "they're they already have one in Arizona"}, {"start": "00:06:45", "end": "00:06:49", "text": "and they're they're building more. They"}, {"start": "00:06:46", "end": "00:06:51", "text": "they got like some huge commitment"}, {"start": "00:06:49", "end": "00:06:54", "text": "going. So that's that's what I'm I'm I'm"}, {"start": "00:06:51", "end": "00:06:56", "text": "thinking. It's like"}, {"start": "00:06:54", "end": "00:06:59", "text": "if we do have all those fabs in the US"}, {"start": "00:06:56", "end": "00:07:02", "text": "from TSMC, then there's no reason for us"}, {"start": "00:06:59", "end": "00:07:05", "text": "to to continue to protect Taiwan. So"}, {"start": "00:07:02", "end": "00:07:06", "text": "they're ending their own demise or"}, {"start": "00:07:05", "end": "00:07:09", "text": "they're Yeah, they're starting their own"}, {"start": "00:07:06", "end": "00:07:12", "text": "demise faster. Um but they, you know, I"}, {"start": "00:07:09", "end": "00:07:14", "text": "don't know. Even if they do get taken"}, {"start": "00:07:12", "end": "00:07:17", "text": "over by China, it could be just like a"}, {"start": "00:07:14", "end": "00:07:20", "text": "Hong Kong where it's fine and they just"}, {"start": "00:07:17", "end": "00:07:21", "text": "let things go. Although Taiwanese people"}, {"start": "00:07:20", "end": "00:07:24", "text": "do not really want that to happen."}, {"start": "00:07:21", "end": "00:07:28", "text": "Taiwanese people really do not want to"}, {"start": "00:07:24", "end": "00:07:30", "text": "go back to China. And I know anyways,"}, {"start": "00:07:28", "end": "00:07:34", "text": "uh so it's giving President Xi some"}, {"start": "00:07:30", "end": "00:07:36", "text": "ideas now about hey,"}, {"start": "00:07:34", "end": "00:07:38", "text": "maybe this is a time to make a move. I"}, {"start": "00:07:36", "end": "00:07:40", "text": "don't I don't quite know what he's"}, {"start": "00:07:38", "end": "00:07:44", "text": "thinking, though."}, {"start": "00:07:40", "end": "00:07:46", "text": "Uh Kevin uh Wars, our next Fed chair,"}, {"start": "00:07:44", "end": "00:07:47", "text": "his nomination, his confirmation, I"}, {"start": "00:07:46", "end": "00:07:52", "text": "should say, not nomination,"}, {"start": "00:07:47", "end": "00:07:54", "text": "confirmation. It's a snag uh because the"}, {"start": "00:07:52", "end": "00:07:57", "text": "hearing is delayed."}, {"start": "00:07:54", "end": "00:07:58", "text": "And plus, some some some senators are"}, {"start": "00:07:57", "end": "00:08:01", "text": "still saying they're not going to"}, {"start": "00:07:58", "end": "00:08:02", "text": "approve this until the investigations on"}, {"start": "00:08:01", "end": "00:08:04", "text": "POW are over. And I don't know how long"}, {"start": "00:08:02", "end": "00:08:07", "text": "that's going to take. And that is not a"}, {"start": "00:08:04", "end": "00:08:10", "text": "real serious thing uh at this point. So,"}, {"start": "00:08:07", "end": "00:08:12", "text": "I don't I don't know. I don't know what"}, {"start": "00:08:10", "end": "00:08:14", "text": "what's going to take. One way or"}, {"start": "00:08:12", "end": "00:08:16", "text": "another, we're going to get a new chair"}, {"start": "00:08:14", "end": "00:08:18", "text": "and it's probably going to be worsh. I"}, {"start": "00:08:16", "end": "00:08:19", "text": "don't see any reason why they would deny"}, {"start": "00:08:18", "end": "00:08:22", "text": "this and go with someone else. He's"}, {"start": "00:08:19", "end": "00:08:24", "text": "actually a really qualified candidate."}, {"start": "00:08:22", "end": "00:08:26", "text": "So,"}, {"start": "00:08:24", "end": "00:08:29", "text": "even the other Fed governors agree with"}, {"start": "00:08:26", "end": "00:08:29", "text": "this."}, {"start": "00:08:29", "end": "00:08:34", "text": "And uh speaking of Trump,"}, {"start": "00:08:33", "end": "00:08:37", "text": "you know, Trump has another World"}, {"start": "00:08:34", "end": "00:08:40", "text": "Liberty Financial"}, {"start": "00:08:37", "end": "00:08:44", "text": "event coming up"}, {"start": "00:08:40", "end": "00:08:46", "text": "limited to 297 attendees. Haven't heard"}, {"start": "00:08:44", "end": "00:08:47", "text": "anyone talk about Oh, no. I'm sorry."}, {"start": "00:08:46", "end": "00:08:50", "text": "This is not World of Financial. This is"}, {"start": "00:08:47", "end": "00:08:53", "text": "uh Trumpcoin. Uh haven't really heard"}, {"start": "00:08:50", "end": "00:08:57", "text": "anyone talk about Trumpcoin as of late."}, {"start": "00:08:53", "end": "00:08:58", "text": "But uh the thing is now there's"}, {"start": "00:08:57", "end": "00:09:01", "text": "there's like a clause in there saying"}, {"start": "00:08:58", "end": "00:09:04", "text": "that Trump may not show up. I would"}, {"start": "00:09:01", "end": "00:09:05", "text": "think he should not show up to this. The"}, {"start": "00:09:04", "end": "00:09:08", "text": "first one caused a lot of controversy"}, {"start": "00:09:05", "end": "00:09:10", "text": "already. Like Justin Sun paid a huge"}, {"start": "00:09:08", "end": "00:09:11", "text": "amount or bought a huge amount just to"}, {"start": "00:09:10", "end": "00:09:14", "text": "go there and stuff and get a watch,"}, {"start": "00:09:11", "end": "00:09:16", "text": "whatever. A lot of people were saying"}, {"start": "00:09:14", "end": "00:09:20", "text": "this is a paytoplay event. You buy a lot"}, {"start": "00:09:16", "end": "00:09:21", "text": "of Trump coins so you can meet him and"}, {"start": "00:09:20", "end": "00:09:24", "text": "talk to him. But then like he just like"}, {"start": "00:09:21", "end": "00:09:26", "text": "left really quickly. Um, so there's a"}, {"start": "00:09:24", "end": "00:09:29", "text": "clause in here that says that he may not"}, {"start": "00:09:26", "end": "00:09:31", "text": "show up and I think he shouldn't show up"}, {"start": "00:09:29", "end": "00:09:33", "text": "despite, you know, especially with all"}, {"start": "00:09:31", "end": "00:09:37", "text": "the stuff that's going on. There's no"}, {"start": "00:09:33", "end": "00:09:40", "text": "point for him to show up to a a memecoin"}, {"start": "00:09:37", "end": "00:09:40", "text": "conference."}, {"start": "00:09:40", "end": "00:09:43", "text": "Anyways, just thought I should throw"}, {"start": "00:09:41", "end": "00:09:46", "text": "that out there. Unless you are planning"}, {"start": "00:09:43", "end": "00:09:48", "text": "on going, any one of you guys, maybe you"}, {"start": "00:09:46", "end": "00:09:49", "text": "are."}, {"start": "00:09:48", "end": "00:09:52", "text": "[laughter]"}, {"start": "00:09:49", "end": "00:09:54", "text": "Uh, what else? What else is there?"}, {"start": "00:09:52", "end": "00:09:58", "text": "Um,"}, {"start": "00:09:54", "end": "00:10:02", "text": "seems like Sailor's not done buying."}, {"start": "00:09:58", "end": "00:10:07", "text": "Sailor and his stretch company continues"}, {"start": "00:10:02", "end": "00:10:10", "text": "to raise more and more and more money."}, {"start": "00:10:07", "end": "00:10:13", "text": "And he's buying Bitcoin like crazy. We"}, {"start": "00:10:10", "end": "00:10:16", "text": "know this. We know this. And he's going"}, {"start": "00:10:13", "end": "00:10:20", "text": "to be buying more. He only buys once a"}, {"start": "00:10:16", "end": "00:10:23", "text": "week. So, probably no more for today."}, {"start": "00:10:20", "end": "00:10:25", "text": "But on Monday, most likely he's going to"}, {"start": "00:10:23", "end": "00:10:28", "text": "be buy more. We don't know how much."}, {"start": "00:10:25", "end": "00:10:32", "text": "That's actually a good prediction event"}, {"start": "00:10:28", "end": "00:10:34", "text": "that I think we have on Clash Pics. So,"}, {"start": "00:10:32", "end": "00:10:36", "text": "if you have a good guess, because"}, {"start": "00:10:34", "end": "00:10:38", "text": "normally he buys anywhere, you know,"}, {"start": "00:10:36", "end": "00:10:41", "text": "between"}, {"start": "00:10:38", "end": "00:10:43", "text": "five to 10,000"}, {"start": "00:10:41", "end": "00:10:46", "text": "Bitcoin, but sometimes he buys little"}, {"start": "00:10:43", "end": "00:10:48", "text": "and sometimes he buys even more, like"}, {"start": "00:10:46", "end": "00:10:50", "text": "12,000 Bitcoin or something or 20,000"}, {"start": "00:10:48", "end": "00:10:52", "text": "Bitcoin. So, you know, you don't you"}, {"start": "00:10:50", "end": "00:10:54", "text": "just don't know. Sometimes it's a good"}, {"start": "00:10:52", "end": "00:10:56", "text": "prediction."}, {"start": "00:10:54", "end": "00:10:59", "text": "Um,"}, {"start": "00:10:56", "end": "00:11:01", "text": "but yeah, he's gonna keep buying. Others"}, {"start": "00:10:59", "end": "00:11:03", "text": "are buying and this is the right time to"}, {"start": "00:11:01", "end": "00:11:06", "text": "be buying. Even Goldman Sachs agrees."}, {"start": "00:11:03", "end": "00:11:09", "text": "So, Goldman Sachs, this is a golden"}, {"start": "00:11:06", "end": "00:11:12", "text": "opportunity. Golden opportunity to be"}, {"start": "00:11:09", "end": "00:11:15", "text": "loading up on all risk on assets."}, {"start": "00:11:12", "end": "00:11:19", "text": "Basically to summarize, you know, tech,"}, {"start": "00:11:15", "end": "00:11:21", "text": "AI, crypto, all the sectors that have"}, {"start": "00:11:19", "end": "00:11:24", "text": "been oversold."}, {"start": "00:11:21", "end": "00:11:27", "text": "Okay, golden opportunity to buy. We're"}, {"start": "00:11:24", "end": "00:11:30", "text": "starting to see things rise up already."}, {"start": "00:11:27", "end": "00:11:33", "text": "The end of this conflict"}, {"start": "00:11:30", "end": "00:11:34", "text": "is near and there's really nothing else"}, {"start": "00:11:33", "end": "00:11:36", "text": "to stop us. And we're going to get more"}, {"start": "00:11:34", "end": "00:11:39", "text": "rate cuts. We're going to get a new Fed"}, {"start": "00:11:36", "end": "00:11:42", "text": "chair. There's a lot of new things, very"}, {"start": "00:11:39", "end": "00:11:45", "text": "bullish things that are coming."}, {"start": "00:11:42", "end": "00:11:46", "text": "So, I agree. I agree. For those of you"}, {"start": "00:11:45", "end": "00:11:49", "text": "guys that held, congratulations. For"}, {"start": "00:11:46", "end": "00:11:51", "text": "those of you guys that held and DCA,"}, {"start": "00:11:49", "end": "00:11:54", "text": "even better. But people that have been"}, {"start": "00:11:51", "end": "00:11:56", "text": "sidelines that got out or thinking about"}, {"start": "00:11:54", "end": "00:11:58", "text": "getting out, that's like the worst thing"}, {"start": "00:11:56", "end": "00:12:00", "text": "right now to get out now. It's probably"}, {"start": "00:11:58", "end": "00:12:02", "text": "the worst thing. But if you've been"}, {"start": "00:12:00", "end": "00:12:04", "text": "sitting on sidelines and you've been"}, {"start": "00:12:02", "end": "00:12:07", "text": "eyeing a point to get in, this is"}, {"start": "00:12:04", "end": "00:12:11", "text": "probably that point. I mean 60s"}, {"start": "00:12:07", "end": "00:12:12", "text": "obviously was better but"}, {"start": "00:12:11", "end": "00:12:15", "text": "it it's you know we're part in this"}, {"start": "00:12:12", "end": "00:12:19", "text": "bottoming process. We have been in you"}, {"start": "00:12:15", "end": "00:12:20", "text": "know in the last month or so and it's"}, {"start": "00:12:19", "end": "00:12:23", "text": "pretty obvious that we are starting to"}, {"start": "00:12:20", "end": "00:12:27", "text": "trend upwards and this happens every"}, {"start": "00:12:23", "end": "00:12:30", "text": "single bottom. The last 2022 bottom same"}, {"start": "00:12:27", "end": "00:12:31", "text": "thing we kind of like hovered and slowly"}, {"start": "00:12:30", "end": "00:12:34", "text": "recovered and boom we started going"}, {"start": "00:12:31", "end": "00:12:37", "text": "upwards. Same thing with the COVID p"}, {"start": "00:12:34", "end": "00:12:38", "text": "time and same thing in the 2018 bottoms."}, {"start": "00:12:37", "end": "00:12:41", "text": "I've lived through all of it. Same"}, {"start": "00:12:38", "end": "00:12:43", "text": "pattern. You go down to a point, it's"}, {"start": "00:12:41", "end": "00:12:45", "text": "still very fearful. Everyone thinks it's"}, {"start": "00:12:43", "end": "00:12:49", "text": "going to go down more and then we slowly"}, {"start": "00:12:45", "end": "00:12:51", "text": "recover and then we shoot up rapidly."}, {"start": "00:12:49", "end": "00:12:52", "text": "That's what it feels like right now. It"}, {"start": "00:12:51", "end": "00:12:54", "text": "really feels like that. We know there's"}, {"start": "00:12:52", "end": "00:12:56", "text": "a lot of money sitting on the sidelines"}, {"start": "00:12:54", "end": "00:12:59", "text": "waiting to come in."}, {"start": "00:12:56", "end": "00:13:02", "text": "We know that. We can measure it. We can"}, {"start": "00:12:59", "end": "00:13:05", "text": "see it. trading volume right now hits"}, {"start": "00:13:02", "end": "00:13:08", "text": "the lowest level in 2024. See, this"}, {"start": "00:13:05", "end": "00:13:11", "text": "shows you a lot of money on the"}, {"start": "00:13:08", "end": "00:13:14", "text": "sidelines waiting"}, {"start": "00:13:11", "end": "00:13:16", "text": "waiting to come in."}, {"start": "00:13:14", "end": "00:13:17", "text": "It's going to be explosive when we"}, {"start": "00:13:16", "end": "00:13:23", "text": "recover. It's going to be really"}, {"start": "00:13:17", "end": "00:13:23", "text": "explosive. Um long-term holder supply"}, {"start": "00:13:24", "end": "00:13:29", "text": "starting to go up. starting to go up."}, {"start": "00:13:29", "end": "00:13:34", "text": "70"}, {"start": "00:13:31", "end": "00:13:38", "text": "billion added"}, {"start": "00:13:34", "end": "00:13:42", "text": "so far from our from our bottom point in"}, {"start": "00:13:38", "end": "00:13:42", "text": "January till now."}, {"start": "00:13:43", "end": "00:13:47", "text": "[snorts]"}, {"start": "00:13:44", "end": "00:13:49", "text": "Looks like the whales are also loading"}, {"start": "00:13:47", "end": "00:13:51", "text": "up. And you could see every time it dips"}, {"start": "00:13:49", "end": "00:13:54", "text": "down and it starts coming up, what"}, {"start": "00:13:51", "end": "00:13:57", "text": "happens is Bitcoin's price, right? It's"}, {"start": "00:13:54", "end": "00:14:00", "text": "like the whales know like, okay, this is"}, {"start": "00:13:57", "end": "00:14:03", "text": "the bottom and we should start loading"}, {"start": "00:14:00", "end": "00:14:06", "text": "up. And they were extremely accurate the"}, {"start": "00:14:03", "end": "00:14:09", "text": "last the last time this happened. And"}, {"start": "00:14:06", "end": "00:14:12", "text": "that last time was last year, right"}, {"start": "00:14:09", "end": "00:14:15", "text": "around the same time. People forgot last"}, {"start": "00:14:12", "end": "00:14:18", "text": "year in 2025, December all the way to"}, {"start": "00:14:15", "end": "00:14:19", "text": "April was when the market kept crashing."}, {"start": "00:14:18", "end": "00:14:22", "text": "That was when Trump introduced all the"}, {"start": "00:14:19", "end": "00:14:24", "text": "tariffs and then the markets kept"}, {"start": "00:14:22", "end": "00:14:27", "text": "crashing and crashing until February,"}, {"start": "00:14:24", "end": "00:14:29", "text": "um, April in fact, and then we had just"}, {"start": "00:14:27", "end": "00:14:32", "text": "like crazy rally all the way up to"}, {"start": "00:14:29", "end": "00:14:36", "text": "October. Everything rallied. It feels"}, {"start": "00:14:32", "end": "00:14:38", "text": "exactly the same right now. Even the"}, {"start": "00:14:36", "end": "00:14:39", "text": "situation, even though the situation is"}, {"start": "00:14:38", "end": "00:14:42", "text": "different, it's not about tariffs"}, {"start": "00:14:39", "end": "00:14:46", "text": "anymore. It's more about geopolitical"}, {"start": "00:14:42", "end": "00:14:49", "text": "stuff, but the market feels exactly the"}, {"start": "00:14:46", "end": "00:14:52", "text": "same. And had you gotten in that April"}, {"start": "00:14:49", "end": "00:14:55", "text": "last year, you made bank. And I know I"}, {"start": "00:14:52", "end": "00:14:59", "text": "did with some of my moves. So, it feels"}, {"start": "00:14:55", "end": "00:15:01", "text": "exactly the same right now."}, {"start": "00:14:59", "end": "00:15:03", "text": "It does. And I know most of you guys"}, {"start": "00:15:01", "end": "00:15:05", "text": "live through last year. You, if you"}, {"start": "00:15:03", "end": "00:15:07", "text": "recall, this exactly what happened. We"}, {"start": "00:15:05", "end": "00:15:09", "text": "fell down"}, {"start": "00:15:07", "end": "00:15:13", "text": "all the way until April and that's when"}, {"start": "00:15:09", "end": "00:15:13", "text": "things turn around."}, {"start": "00:15:13", "end": "00:15:20", "text": "Um, but more facts."}, {"start": "00:15:17", "end": "00:15:22", "text": "Bitcoin exchange deposits hit a 10-year"}, {"start": "00:15:20", "end": "00:15:25", "text": "low."}, {"start": "00:15:22", "end": "00:15:26", "text": "What does that mean? No one really wants"}, {"start": "00:15:25", "end": "00:15:28", "text": "to sell right now. [laughter] It's just"}, {"start": "00:15:26", "end": "00:15:31", "text": "that simple. So, when you have seller"}, {"start": "00:15:28", "end": "00:15:35", "text": "exhaustion, right? I would argue most of"}, {"start": "00:15:31", "end": "00:15:36", "text": "the sells that large sells that we saw"}, {"start": "00:15:35", "end": "00:15:38", "text": "was from the miners. They had to"}, {"start": "00:15:36", "end": "00:15:41", "text": "capitulate because they'll drop in"}, {"start": "00:15:38", "end": "00:15:44", "text": "price. Some of the long-term whales did"}, {"start": "00:15:41", "end": "00:15:46", "text": "cash out. We saw some of them sell,"}, {"start": "00:15:44", "end": "00:15:48", "text": "right? But for the most part, Wall"}, {"start": "00:15:46", "end": "00:15:51", "text": "Street didn't you didn't see massive ETF"}, {"start": "00:15:48", "end": "00:15:55", "text": "sales. No, they held long-term holders"}, {"start": "00:15:51", "end": "00:15:57", "text": "mostly held. Right. So, right now you"}, {"start": "00:15:55", "end": "00:16:00", "text": "can see it's like no one's really"}, {"start": "00:15:57", "end": "00:16:02", "text": "depositing Bitcoin to sell."}, {"start": "00:16:00", "end": "00:16:05", "text": "This is part of that bottoming process."}, {"start": "00:16:02", "end": "00:16:07", "text": "We haven't seen this kind of low level"}, {"start": "00:16:05", "end": "00:16:10", "text": "since"}, {"start": "00:16:07", "end": "00:16:14", "text": "2016"}, {"start": "00:16:10", "end": "00:16:14", "text": "going all the way back to 2016."}, {"start": "00:16:15", "end": "00:16:20", "text": "Fantastic."}, {"start": "00:16:17", "end": "00:16:22", "text": "Fantastic. Uh, let's see. Last few"}, {"start": "00:16:20", "end": "00:16:25", "text": "things. Hong Kong grants first stable"}, {"start": "00:16:22", "end": "00:16:27", "text": "coin license to HSBC and Standard"}, {"start": "00:16:25", "end": "00:16:29", "text": "Chartered. Awesome. So, two major banks,"}, {"start": "00:16:27", "end": "00:16:32", "text": "stable coins. I I showed a graph"}, {"start": "00:16:29", "end": "00:16:34", "text": "yesterday. It was just crazy the volume"}, {"start": "00:16:32", "end": "00:16:36", "text": "of stable coins. It's eating everyone's"}, {"start": "00:16:34", "end": "00:16:39", "text": "lunch. Pretty soon, banks will all be"}, {"start": "00:16:36", "end": "00:16:42", "text": "using stable coins. No AC anymore. No"}, {"start": "00:16:39", "end": "00:16:44", "text": "direct transfers, no no transfers at"}, {"start": "00:16:42", "end": "00:16:46", "text": "all. They're just going go piggyback"}, {"start": "00:16:44", "end": "00:16:47", "text": "right on top of stable coins. It's much"}, {"start": "00:16:46", "end": "00:16:50", "text": "cheaper, much faster. You don't have to"}, {"start": "00:16:47", "end": "00:16:54", "text": "worry about like delays or stops or"}, {"start": "00:16:50", "end": "00:16:56", "text": "anything. It's instant."}, {"start": "00:16:54", "end": "00:16:58", "text": "It's just better. That's why it keeps on"}, {"start": "00:16:56", "end": "00:17:00", "text": "going up. And all banks are going to"}, {"start": "00:16:58", "end": "00:17:02", "text": "adopt soon. This is why it's so"}, {"start": "00:17:00", "end": "00:17:06", "text": "important"}, {"start": "00:17:02", "end": "00:17:08", "text": "in the US uh why it's so important to,"}, {"start": "00:17:06", "end": "00:17:11", "text": "you know, to uh get that clarity bill"}, {"start": "00:17:08", "end": "00:17:11", "text": "going."}, {"start": "00:17:12", "end": "00:17:21", "text": "Uh long-term perspective charting. We'll"}, {"start": "00:17:15", "end": "00:17:23", "text": "do some more charts on Ask Clash, but um"}, {"start": "00:17:21", "end": "00:17:26", "text": "but yeah, that's pretty bullish, I would"}, {"start": "00:17:23", "end": "00:17:30", "text": "say. Pretty bullish. I would say that's"}, {"start": "00:17:26", "end": "00:17:32", "text": "sets us up from for a major breakout."}, {"start": "00:17:30", "end": "00:17:35", "text": "Last time this happened"}, {"start": "00:17:32", "end": "00:17:40", "text": "when you [snorts] had a MACD"}, {"start": "00:17:35", "end": "00:17:40", "text": "turnover and the histogram turned green."}, {"start": "00:17:41", "end": "00:17:46", "text": "This was back"}, {"start": "00:17:43", "end": "00:17:49", "text": "all the way to the bottom"}, {"start": "00:17:46", "end": "00:17:54", "text": "of 2022, 2023."}, {"start": "00:17:49", "end": "00:17:56", "text": "And that's exactly what's happening now."}, {"start": "00:17:54", "end": "00:18:00", "text": "The picture doesn't get any more clear"}, {"start": "00:17:56", "end": "00:18:04", "text": "than this. It really doesn't."}, {"start": "00:18:00", "end": "00:18:07", "text": "Uh what else? Ethereum."}, {"start": "00:18:04", "end": "00:18:09", "text": "180 billion stable coins. 60% control of"}, {"start": "00:18:07", "end": "00:18:12", "text": "the market. This is why Tom Lee loves"}, {"start": "00:18:09", "end": "00:18:15", "text": "Ethereum because they control most of"}, {"start": "00:18:12", "end": "00:18:17", "text": "the market. But others like Salana,"}, {"start": "00:18:15", "end": "00:18:20", "text": "obviously, BSC,"}, {"start": "00:18:17", "end": "00:18:23", "text": "uh, Tron, they have large portions of"}, {"start": "00:18:20", "end": "00:18:28", "text": "stable coins because it's cheaper, it's"}, {"start": "00:18:23", "end": "00:18:30", "text": "faster. But, you know, Vitalic is"}, {"start": "00:18:28", "end": "00:18:33", "text": "looking to change that with his blobs"}, {"start": "00:18:30", "end": "00:18:35", "text": "proposals. Have blocks inside of blobs,"}, {"start": "00:18:33", "end": "00:18:38", "text": "something like that. I don't quite get"}, {"start": "00:18:35", "end": "00:18:40", "text": "it, but he's on it. He's on it. If they"}, {"start": "00:18:38", "end": "00:18:41", "text": "could just figure out how to scale"}, {"start": "00:18:40", "end": "00:18:43", "text": "appropriately, doesn't even have to"}, {"start": "00:18:41", "end": "00:18:46", "text": "scale. Etherum doesn't even have to"}, {"start": "00:18:43", "end": "00:18:48", "text": "scale like crazily. Just a little bit"}, {"start": "00:18:46", "end": "00:18:52", "text": "better,"}, {"start": "00:18:48", "end": "00:18:54", "text": "they'll be they'll be in a good spot."}, {"start": "00:18:52", "end": "00:18:57", "text": "And then lastly,"}, {"start": "00:18:54", "end": "00:19:00", "text": "I only cover this because we have a few"}, {"start": "00:18:57", "end": "00:19:02", "text": "guys in the chat that loves to always"}, {"start": "00:19:00", "end": "00:19:03", "text": "ask about it. It's one of the bigger"}, {"start": "00:19:02", "end": "00:19:06", "text": "projects, AI projects in the space."}, {"start": "00:19:03", "end": "00:19:10", "text": "Unfortunately, one of their major"}, {"start": "00:19:06", "end": "00:19:14", "text": "subnets left and then the found the"}, {"start": "00:19:10", "end": "00:19:18", "text": "founder of that subnet sold"}, {"start": "00:19:14", "end": "00:19:20", "text": "and uh and they crashed today just a"}, {"start": "00:19:18", "end": "00:19:22", "text": "little bit. Not not entirely. They're"}, {"start": "00:19:20", "end": "00:19:25", "text": "still huge. I don't want to cause major"}, {"start": "00:19:22", "end": "00:19:27", "text": "FUD, but you know, for whatever reason,"}, {"start": "00:19:25", "end": "00:19:29", "text": "the subnet and the person leading subnet"}, {"start": "00:19:27", "end": "00:19:33", "text": "decided to sell and uh that caused him"}, {"start": "00:19:29", "end": "00:19:33", "text": "turmoil today."}, {"start": "00:19:33", "end": "00:19:41", "text": "All right, that's pretty much it."}, {"start": "00:19:38", "end": "00:19:46", "text": "Uh, let's see. NASDAQ is still green."}, {"start": "00:19:41", "end": "00:19:50", "text": "Bitcoin still holding very very well. 72"}, {"start": "00:19:46", "end": "00:19:55", "text": "three. Uh, let's see. Let's do let's do"}, {"start": "00:19:50", "end": "00:19:55", "text": "some Bitcoin charting here."}, {"start": "00:19:55", "end": "00:20:00", "text": "All right. So, I look I showed you guys"}, {"start": "00:19:57", "end": "00:20:03", "text": "the one week on the daily."}, {"start": "00:20:00", "end": "00:20:06", "text": "It's leading bullish. Same thing. We're"}, {"start": "00:20:03", "end": "00:20:08", "text": "down slightly from a few days ago."}, {"start": "00:20:06", "end": "00:20:12", "text": "Okay. Uh actually not a few days ago"}, {"start": "00:20:08", "end": "00:20:15", "text": "from from our peak of like in March. So"}, {"start": "00:20:12", "end": "00:20:18", "text": "we're still down about 4%. But as you"}, {"start": "00:20:15", "end": "00:20:20", "text": "can see, we're trying to break above and"}, {"start": "00:20:18", "end": "00:20:24", "text": "most things look pretty bullish on this"}, {"start": "00:20:20", "end": "00:20:26", "text": "chart. Um"}, {"start": "00:20:24", "end": "00:20:28", "text": "we're above the 50 and 200 day moving"}, {"start": "00:20:26", "end": "00:20:31", "text": "average."}, {"start": "00:20:28", "end": "00:20:34", "text": "We're trading above the demo 43. The"}, {"start": "00:20:31", "end": "00:20:37", "text": "buyers are in control."}, {"start": "00:20:34", "end": "00:20:41", "text": "So, I mean, it's leaning bullish, not"}, {"start": "00:20:37", "end": "00:20:43", "text": "quite bullish yet."}, {"start": "00:20:41", "end": "00:20:45", "text": "And then on the one week, and I"}, {"start": "00:20:43", "end": "00:20:48", "text": "mentioned this too, we need to get"}, {"start": "00:20:45", "end": "00:20:50", "text": "through this trend line. We haven't been"}, {"start": "00:20:48", "end": "00:20:53", "text": "able to break through, but this trend"}, {"start": "00:20:50", "end": "00:20:54", "text": "line is like from the top, [snorts]"}, {"start": "00:20:53", "end": "00:21:00", "text": "and we haven't been able to break"}, {"start": "00:20:54", "end": "00:21:03", "text": "through yet. But once we do, then"}, {"start": "00:21:00", "end": "00:21:06", "text": "we're golden. The next resistance, the"}, {"start": "00:21:03", "end": "00:21:10", "text": "major resistance once you break through"}, {"start": "00:21:06", "end": "00:21:10", "text": "is at $97,000."}, {"start": "00:21:10", "end": "00:21:13", "text": "I mean, obviously there's a little bit"}, {"start": "00:21:11", "end": "00:21:16", "text": "more stops in between, but the the the"}, {"start": "00:21:13", "end": "00:21:21", "text": "the major resistance, the next big one"}, {"start": "00:21:16", "end": "00:21:21", "text": "that we will face is at $97,000."}, {"start": "00:21:23", "end": "00:21:29", "text": "So, we could recover very, very quickly"}, {"start": "00:21:26", "end": "00:21:32", "text": "if the ceasefire continues and the"}, {"start": "00:21:29", "end": "00:21:34", "text": "Middle East conflict is over and money"}, {"start": "00:21:32", "end": "00:21:39", "text": "starts flowing back, which is starting"}, {"start": "00:21:34", "end": "00:21:43", "text": "to look like it it is happening already,"}, {"start": "00:21:39", "end": "00:21:45", "text": "Bitcoin can recover extremely extremely"}, {"start": "00:21:43", "end": "00:21:47", "text": "fast."}, {"start": "00:21:45", "end": "00:21:51", "text": "And that's what I'm looking forward to."}, {"start": "00:21:47", "end": "00:21:54", "text": "And when Bitcoin recovers, guess what?"}, {"start": "00:21:51", "end": "00:21:56", "text": "ETH, Soul,"}, {"start": "00:21:54", "end": "00:22:01", "text": "everything else. Clash is going to start"}, {"start": "00:21:56", "end": "00:22:04", "text": "recovering in a big big way. I know"}, {"start": "00:22:01", "end": "00:22:07", "text": "we've been decimated since the top, but"}, {"start": "00:22:04", "end": "00:22:10", "text": "you know what? We will come back"}, {"start": "00:22:07", "end": "00:22:10", "text": "stronger."}, {"start": "00:22:13", "end": "00:22:17", "text": "We'll see. We'll see."}, {"start": "00:22:17", "end": "00:22:22", "text": "All right,"}, {"start": "00:22:20", "end": "00:22:25", "text": "let's do some Q&A. And by the way,"}, {"start": "00:22:22", "end": "00:22:27", "text": "yesterday I did a comparison of my"}, {"start": "00:22:25", "end": "00:22:29", "text": "answer on Ask Clash with Gemini and Lost"}, {"start": "00:22:27", "end": "00:22:32", "text": "because Gemini was tricky. I've been"}, {"start": "00:22:29", "end": "00:22:35", "text": "doing this test with uh Gemini and"}, {"start": "00:22:32", "end": "00:22:39", "text": "Claude and uh OpenAI"}, {"start": "00:22:35", "end": "00:22:41", "text": "about answers and then I actually I have"}, {"start": "00:22:39", "end": "00:22:44", "text": "this special mode where I could talk to"}, {"start": "00:22:41", "end": "00:22:47", "text": "As Clash and uh it told me exactly why"}, {"start": "00:22:44", "end": "00:22:49", "text": "it failed. We patched it and I did the"}, {"start": "00:22:47", "end": "00:22:52", "text": "test again and then we passed a fine"}, {"start": "00:22:49", "end": "00:22:54", "text": "color. So, uh,"}, {"start": "00:22:52", "end": "00:22:56", "text": "so it's it's just a fun experiment. It's"}, {"start": "00:22:54", "end": "00:22:58", "text": "one of those things where you could ever"}, {"start": "00:22:56", "end": "00:23:00", "text": "you could you could improve over and"}, {"start": "00:22:58", "end": "00:23:05", "text": "over with AI and that's what I love"}, {"start": "00:23:00", "end": "00:23:05", "text": "about it. All right, let's do some Q&A."}, {"start": "00:23:24", "end": "00:23:29", "text": "Dog says, \"I'm getting married"}, {"start": "00:23:26", "end": "00:23:34", "text": "tomorrow.\" Congratulations."}, {"start": "00:23:29", "end": "00:23:37", "text": "That's awesome. That's really awesome."}, {"start": "00:23:34", "end": "00:23:37", "text": "Uh,"}, {"start": "00:23:38", "end": "00:23:43", "text": "Godspeed."}, {"start": "00:23:40", "end": "00:23:44", "text": "It could be a very, very good thing. It"}, {"start": "00:23:43", "end": "00:23:46", "text": "could be a bad thing. Hopefully, you're"}, {"start": "00:23:44", "end": "00:23:48", "text": "not rushing."}, {"start": "00:23:46", "end": "00:23:50", "text": "I can't believe like the divorce rate in"}, {"start": "00:23:48", "end": "00:23:54", "text": "the US is like 60% or something like"}, {"start": "00:23:50", "end": "00:23:57", "text": "that. Um, it's it's quite high."}, {"start": "00:23:54", "end": "00:23:59", "text": "What about holidays to Venezuela? Why"}, {"start": "00:23:57", "end": "00:24:01", "text": "would you be asking that? Are you going"}, {"start": "00:23:59", "end": "00:24:05", "text": "to take a holiday in Venezuela or are"}, {"start": "00:24:01", "end": "00:24:09", "text": "you living there? That is not a travel"}, {"start": "00:24:05", "end": "00:24:09", "text": "destination for me."}, {"start": "00:24:20", "end": "00:24:22", "text": ">> [snorts]"}, {"start": "00:24:32", "end": "00:24:34", "text": "[gasps]"}, {"start": "00:24:32", "end": "00:24:38", "text": ">> Jordan says, \"I want I'm wanting to get"}, {"start": "00:24:34", "end": "00:24:38", "text": "divorced right now."}, {"start": "00:24:45", "end": "00:24:47", "text": ">> [snorts]"}, {"start": "00:24:50", "end": "00:24:54", "text": ">> still bullish. This is dead. Look"}, {"start": "00:24:52", "end": "00:24:58", "text": "at your name, man. This is why you think"}, {"start": "00:24:54", "end": "00:25:02", "text": "it's dead. Your your username is Dogee"}, {"start": "00:24:58", "end": "00:25:05", "text": "Sheibba Sheeb Coins. I mean, look look"}, {"start": "00:25:02", "end": "00:25:06", "text": "look look at your name."}, {"start": "00:25:05", "end": "00:25:09", "text": "[sighs]"}, {"start": "00:25:06", "end": "00:25:11", "text": "You have anyone to blame? but yourself,"}, {"start": "00:25:09", "end": "00:25:15", "text": "right? You're probably holding all"}, {"start": "00:25:11", "end": "00:25:15", "text": "memecoins, nothing substantial."}, {"start": "00:25:26", "end": "00:25:30", "text": "Here's something that's really"}, {"start": "00:25:27", "end": "00:25:32", "text": "fascinating about married couples that I"}, {"start": "00:25:30", "end": "00:25:34", "text": "just found out recently because I don't"}, {"start": "00:25:32", "end": "00:25:39", "text": "operate this way, but I find I found out"}, {"start": "00:25:34", "end": "00:25:42", "text": "most couples do this and it's just so"}, {"start": "00:25:39", "end": "00:25:43", "text": "mind-boggling to me and you guys tell me"}, {"start": "00:25:42", "end": "00:25:46", "text": "if you agree or not because I think most"}, {"start": "00:25:43", "end": "00:25:50", "text": "of you guys are in this situation."}, {"start": "00:25:46", "end": "00:25:52", "text": "So, in my household always, even before"}, {"start": "00:25:50", "end": "00:25:54", "text": "I made it with my channel and stuff like"}, {"start": "00:25:52", "end": "00:25:57", "text": "that, after I got married, you're"}, {"start": "00:25:54", "end": "00:25:59", "text": "supposed to trust each other, right? So,"}, {"start": "00:25:57", "end": "00:26:01", "text": "we have a shared we have a shared bank"}, {"start": "00:25:59", "end": "00:26:02", "text": "account. Everything goes in. Doesn't"}, {"start": "00:26:01", "end": "00:26:05", "text": "matter how much I make, how much she"}, {"start": "00:26:02", "end": "00:26:07", "text": "make, it goes into one account. If we"}, {"start": "00:26:05", "end": "00:26:08", "text": "have to pay bills, it comes from it."}, {"start": "00:26:07", "end": "00:26:11", "text": "Vacations,"}, {"start": "00:26:08", "end": "00:26:14", "text": "paying for kids, stuff, it's all coming"}, {"start": "00:26:11", "end": "00:26:16", "text": "from there."}, {"start": "00:26:14", "end": "00:26:20", "text": "But now I'm hearing like most of my"}, {"start": "00:26:16", "end": "00:26:22", "text": "friends and all these other friends that"}, {"start": "00:26:20", "end": "00:26:25", "text": "we have that are married, they don't"}, {"start": "00:26:22", "end": "00:26:27", "text": "operate that way. The wife has her own"}, {"start": "00:26:25", "end": "00:26:30", "text": "account, that's her money. The guy has"}, {"start": "00:26:27", "end": "00:26:31", "text": "his own account, that's his money. And"}, {"start": "00:26:30", "end": "00:26:34", "text": "then maybe sometimes they have a shared"}, {"start": "00:26:31", "end": "00:26:36", "text": "account where they put money in for"}, {"start": "00:26:34", "end": "00:26:40", "text": "bills and stuff, but for the most part,"}, {"start": "00:26:36", "end": "00:26:40", "text": "money is separated."}, {"start": "00:26:41", "end": "00:26:44", "text": "I'm like, that that doesn't make any"}, {"start": "00:26:42", "end": "00:26:46", "text": "sense to me. Then you're just business"}, {"start": "00:26:44", "end": "00:26:48", "text": "partners."}, {"start": "00:26:46", "end": "00:26:50", "text": "It's like, how could you operate that"}, {"start": "00:26:48", "end": "00:26:51", "text": "way? If you're a married couple, it"}, {"start": "00:26:50", "end": "00:26:53", "text": "should be shared. I mean, that's the"}, {"start": "00:26:51", "end": "00:26:56", "text": "whole point. You're you're supposed to"}, {"start": "00:26:53", "end": "00:26:58", "text": "be trusting of each other. If you don't"}, {"start": "00:26:56", "end": "00:27:00", "text": "even trust each other with money and you"}, {"start": "00:26:58", "end": "00:27:04", "text": "guys have to hide the accounts from each"}, {"start": "00:27:00", "end": "00:27:06", "text": "other, that makes no sense to me. I"}, {"start": "00:27:04", "end": "00:27:09", "text": "don't know. You guys tell me how you"}, {"start": "00:27:06", "end": "00:27:12", "text": "guys operate because I'm finding most of"}, {"start": "00:27:09", "end": "00:27:14", "text": "my friends and people that we know, they"}, {"start": "00:27:12", "end": "00:27:15", "text": "have separate accounts and then they"}, {"start": "00:27:14", "end": "00:27:17", "text": "only have a shared account for like"}, {"start": "00:27:15", "end": "00:27:20", "text": "bills and stuff and everything else they"}, {"start": "00:27:17", "end": "00:27:20", "text": "just keep."}, {"start": "00:27:29", "end": "00:27:33", "text": "Yeah. Like I I feel like"}, {"start": "00:27:39", "end": "00:27:43", "text": "I I I really feel like if you don't have"}, {"start": "00:27:42", "end": "00:27:45", "text": "a shared account, then you're not really"}, {"start": "00:27:43", "end": "00:27:49", "text": "trusting each other. Then if that's the"}, {"start": "00:27:45", "end": "00:27:51", "text": "case, then why are you married at all?"}, {"start": "00:27:49", "end": "00:27:57", "text": "Um"}, {"start": "00:27:51", "end": "00:27:57", "text": "I I don't I don't quite get it."}, {"start": "00:28:11", "end": "00:28:16", "text": "It's usually because one person is"}, {"start": "00:28:12", "end": "00:28:16", "text": "irresponsible for money."}, {"start": "00:28:17", "end": "00:28:20", "text": "[laughter]"}, {"start": "00:28:18", "end": "00:28:21", "text": "Allan says that's because what happened"}, {"start": "00:28:20", "end": "00:28:23", "text": "in Vegas needs to stay in Vegas. You"}, {"start": "00:28:21", "end": "00:28:25", "text": "know, that's a good point. I mean, but"}, {"start": "00:28:23", "end": "00:28:28", "text": "it's fine to have a side little account"}, {"start": "00:28:25", "end": "00:28:29", "text": "for yourself like emergency funds or,"}, {"start": "00:28:28", "end": "00:28:32", "text": "you know, if you want to keep something"}, {"start": "00:28:29", "end": "00:28:34", "text": "for yourself, you know, the wife wants"}, {"start": "00:28:32", "end": "00:28:36", "text": "to buy a purse and she want she doesn't"}, {"start": "00:28:34", "end": "00:28:38", "text": "want to like, you know, get stopped by"}, {"start": "00:28:36", "end": "00:28:41", "text": "the husband, whatever, that's fine, but"}, {"start": "00:28:38", "end": "00:28:43", "text": "not like everything like I I just, you"}, {"start": "00:28:41", "end": "00:28:45", "text": "know, that still doesn't make sense to"}, {"start": "00:28:43", "end": "00:28:46", "text": "me."}, {"start": "00:28:45", "end": "00:28:49", "text": "Um,"}, {"start": "00:28:46", "end": "00:28:52", "text": "and how how it causes resentment is when"}, {"start": "00:28:49", "end": "00:28:54", "text": "one person"}, {"start": "00:28:52", "end": "00:28:57", "text": "out of the two makes substantially more"}, {"start": "00:28:54", "end": "00:28:59", "text": "money than the other. So, let's say you"}, {"start": "00:28:57", "end": "00:29:02", "text": "have the bread winner"}, {"start": "00:28:59", "end": "00:29:06", "text": "sort of that's making like 200k. Another"}, {"start": "00:29:02", "end": "00:29:08", "text": "person is making like 50k, right? But"}, {"start": "00:29:06", "end": "00:29:11", "text": "then the responsibility is to put"}, {"start": "00:29:08", "end": "00:29:13", "text": "equally amount into the pot for paying"}, {"start": "00:29:11", "end": "00:29:14", "text": "bills."}, {"start": "00:29:13", "end": "00:29:17", "text": "What do you think the person that's"}, {"start": "00:29:14", "end": "00:29:20", "text": "making 50K is going to think that it's"}, {"start": "00:29:17", "end": "00:29:23", "text": "not it's not fair? They shouldn't do"}, {"start": "00:29:20", "end": "00:29:25", "text": "that, right? They shouldn't be equally"}, {"start": "00:29:23", "end": "00:29:27", "text": "weighted."}, {"start": "00:29:25", "end": "00:29:31", "text": "So, it's going to cause resentment over"}, {"start": "00:29:27", "end": "00:29:33", "text": "time, especially if she or he is seeing"}, {"start": "00:29:31", "end": "00:29:35", "text": "the other side is spending like crazy"}, {"start": "00:29:33", "end": "00:29:37", "text": "and they can't and they're still married"}, {"start": "00:29:35", "end": "00:29:40", "text": "as a couple. I mean, that makes no"}, {"start": "00:29:37", "end": "00:29:40", "text": "sense."}, {"start": "00:29:44", "end": "00:29:48", "text": "Just some food for thought"}, {"start": "00:29:56", "end": "00:30:01", "text": "pop code. That's what I want to"}, {"start": "00:29:58", "end": "00:30:03", "text": "understand. Like you say works for some"}, {"start": "00:30:01", "end": "00:30:06", "text": "doesn't work for others. Okay. But like"}, {"start": "00:30:03", "end": "00:30:09", "text": "make me understand why."}, {"start": "00:30:06", "end": "00:30:10", "text": "Unless you are horribly irresponsible"}, {"start": "00:30:09", "end": "00:30:12", "text": "with your money and you're doing it on"}, {"start": "00:30:10", "end": "00:30:15", "text": "purpose."}, {"start": "00:30:12", "end": "00:30:17", "text": "Other than that, then I can't think of"}, {"start": "00:30:15", "end": "00:30:21", "text": "any reason other than you you're just"}, {"start": "00:30:17", "end": "00:30:21", "text": "distrusting of your partner."}, {"start": "00:30:33", "end": "00:30:36", "text": "Uh, Bill, she can spend all she wanted a"}, {"start": "00:30:35", "end": "00:30:38", "text": "credit card pay for anyways. Yeah, I"}, {"start": "00:30:36", "end": "00:30:40", "text": "mean that pretty much true in my"}, {"start": "00:30:38", "end": "00:30:42", "text": "household, too. Uh, where do you see"}, {"start": "00:30:40", "end": "00:30:44", "text": "clash in the future? Above a billion"}, {"start": "00:30:42", "end": "00:30:48", "text": "dollars. Okay, I'm just going to answer"}, {"start": "00:30:44", "end": "00:30:48", "text": "like that."}, {"start": "00:30:48", "end": "00:30:52", "text": "Way above a billion dollars."}, {"start": "00:31:01", "end": "00:31:05", "text": "Women can be emotional shoppers while"}, {"start": "00:31:02", "end": "00:31:08", "text": "men shop strictly on need basis. Well,"}, {"start": "00:31:05", "end": "00:31:08", "text": "that's true."}, {"start": "00:31:09", "end": "00:31:14", "text": "That's true. But still"}, {"start": "00:31:12", "end": "00:31:16", "text": "fear of losing everything in divorce. It"}, {"start": "00:31:14", "end": "00:31:18", "text": "doesn't matter if you get divorced. You"}, {"start": "00:31:16", "end": "00:31:20", "text": "got private accounts. Half of it is"}, {"start": "00:31:18", "end": "00:31:25", "text": "still going to be gone."}, {"start": "00:31:20", "end": "00:31:25", "text": "So that's not even a good reason."}, {"start": "00:31:30", "end": "00:31:34", "text": "Stop it, George. My My wife is"}, {"start": "00:31:32", "end": "00:31:37", "text": "questioning this. Is she watching right"}, {"start": "00:31:34", "end": "00:31:40", "text": "now? But it's true, though. Is this"}, {"start": "00:31:37", "end": "00:31:40", "text": "true?"}, {"start": "00:31:42", "end": "00:31:46", "text": "Stop making sense."}, {"start": "00:31:46", "end": "00:31:50", "text": "[gasps] Hopefully I'm not causing"}, {"start": "00:31:48", "end": "00:31:52", "text": "marital problems right now with wives"}, {"start": "00:31:50", "end": "00:31:55", "text": "watching. But um"}, {"start": "00:31:52", "end": "00:31:57", "text": "that's just how I feel. It's like if you"}, {"start": "00:31:55", "end": "00:31:58", "text": "can't even trust to have a shared"}, {"start": "00:31:57", "end": "00:32:01", "text": "account."}, {"start": "00:31:58", "end": "00:32:02", "text": "I mean I Dave Ramsey also says this. I"}, {"start": "00:32:01", "end": "00:32:04", "text": "don't I don't agree with a lot of what"}, {"start": "00:32:02", "end": "00:32:06", "text": "David Ramsey says about investing. But"}, {"start": "00:32:04", "end": "00:32:09", "text": "one thing he did say was the same thing."}, {"start": "00:32:06", "end": "00:32:11", "text": "It's like my money is her money. She"}, {"start": "00:32:09", "end": "00:32:13", "text": "could do whatever she wants with it. You"}, {"start": "00:32:11", "end": "00:32:16", "text": "know, she raised even though she didn't"}, {"start": "00:32:13", "end": "00:32:20", "text": "she didn't work, she raised the family"}, {"start": "00:32:16", "end": "00:32:23", "text": "when I couldn't. So, we are equals. So,"}, {"start": "00:32:20", "end": "00:32:27", "text": "he has he said it like that 100%. Um, so"}, {"start": "00:32:23", "end": "00:32:27", "text": "that's true."}, {"start": "00:32:37", "end": "00:32:41", "text": "Tima, I appreciate it."}, {"start": "00:32:46", "end": "00:32:50", "text": "I do it because she spends like crazy"}, {"start": "00:32:48", "end": "00:32:51", "text": "and she has no income and she thinks I'm"}, {"start": "00:32:50", "end": "00:32:54", "text": "an endless pit of money. Well, that"}, {"start": "00:32:51", "end": "00:32:57", "text": "that's a conversation you need to have."}, {"start": "00:32:54", "end": "00:32:58", "text": "Okay, that's a conversation you two need"}, {"start": "00:32:57", "end": "00:33:04", "text": "to have and make her understand rather"}, {"start": "00:32:58", "end": "00:33:06", "text": "than just cut her off like that,"}, {"start": "00:33:04", "end": "00:33:09", "text": "right? You're both grown adults. You're"}, {"start": "00:33:06", "end": "00:33:09", "text": "not kids."}, {"start": "00:33:17", "end": "00:33:21", "text": "[snorts]"}, {"start": "00:33:19", "end": "00:33:22", "text": "I don't know. Just uh I know everyone's"}, {"start": "00:33:21", "end": "00:33:25", "text": "different. Everyone's in a different"}, {"start": "00:33:22", "end": "00:33:29", "text": "situation, I know. But like overall like"}, {"start": "00:33:25", "end": "00:33:31", "text": "almost everyone I know is set up that"}, {"start": "00:33:29", "end": "00:33:34", "text": "way. I'm like, \"Wow, things really"}, {"start": "00:33:31", "end": "00:33:34", "text": "changed.\""}, {"start": "00:33:45", "end": "00:33:49", "text": "PJ says, \"I was tired of being treated"}, {"start": "00:33:48", "end": "00:33:51", "text": "like a open checkbook.\" Are you still"}, {"start": "00:33:49", "end": "00:33:54", "text": "married? He's uh according to Avatar, I"}, {"start": "00:33:51", "end": "00:33:58", "text": "think your your wife"}, {"start": "00:33:54", "end": "00:33:58", "text": "You have a picture of you and your wife."}, {"start": "00:34:21", "end": "00:34:29", "text": "You know what? This is a fascinating"}, {"start": "00:34:24", "end": "00:34:31", "text": "topic. Um, I also started uh watching"}, {"start": "00:34:29", "end": "00:34:34", "text": "The Boys."}, {"start": "00:34:31", "end": "00:34:36", "text": "Awesome as ever. It's like the best show"}, {"start": "00:34:34", "end": "00:34:38", "text": "there is. Uh, I didn't finish episode"}, {"start": "00:34:36", "end": "00:34:41", "text": "two yet."}, {"start": "00:34:38", "end": "00:34:43", "text": "I The other shows, uh, I think Daredevil"}, {"start": "00:34:41", "end": "00:34:47", "text": "came back. I didn't watch that yet. I've"}, {"start": "00:34:43", "end": "00:34:49", "text": "been just so busy with with uh upgrading"}, {"start": "00:34:47", "end": "00:34:51", "text": "AI."}, {"start": "00:34:49", "end": "00:34:54", "text": "My my assistant,"}, {"start": "00:34:51", "end": "00:34:58", "text": "my AI assistant, who I call Ava,"}, {"start": "00:34:54", "end": "00:35:00", "text": "uh she is a gentic now. I spent so much"}, {"start": "00:34:58", "end": "00:35:02", "text": "time. I kind of broke her yesterday. I"}, {"start": "00:35:00", "end": "00:35:06", "text": "fixed her and now she's even better. She"}, {"start": "00:35:02", "end": "00:35:09", "text": "is fully fully agentic. She could be"}, {"start": "00:35:06", "end": "00:35:12", "text": "fully autonomous now. It's quite"}, {"start": "00:35:09", "end": "00:35:16", "text": "amazing. It's it's crazy. I'm going to"}, {"start": "00:35:12", "end": "00:35:18", "text": "unleash her into Discord today and uh"}, {"start": "00:35:16", "end": "00:35:21", "text": "it's going to be awesome. But uh and"}, {"start": "00:35:18", "end": "00:35:23", "text": "then I have a upgrade ass clash"}, {"start": "00:35:21", "end": "00:35:24", "text": "obviously and still we're still"}, {"start": "00:35:23", "end": "00:35:28", "text": "upgrading Clash pickics. We got a lot of"}, {"start": "00:35:24", "end": "00:35:30", "text": "stuff going on. Volume championship."}, {"start": "00:35:28", "end": "00:35:35", "text": "Um you know we got we added a Hall of"}, {"start": "00:35:30", "end": "00:35:39", "text": "Fame because we kicked that off."}, {"start": "00:35:35", "end": "00:35:41", "text": "This is what you could win every month."}, {"start": "00:35:39", "end": "00:35:42", "text": "And uh it was very successful last"}, {"start": "00:35:41", "end": "00:35:46", "text": "month."}, {"start": "00:35:42", "end": "00:35:46", "text": "Let's see. How do we get there?"}, {"start": "00:35:48", "end": "00:35:54", "text": "Oh, I'm not connected."}, {"start": "00:35:51", "end": "00:35:57", "text": "But yeah, we're just just trust me. It"}, {"start": "00:35:54", "end": "00:35:59", "text": "was very very very"}, {"start": "00:35:57", "end": "00:36:01", "text": "successful. Still love to see more"}, {"start": "00:35:59", "end": "00:36:04", "text": "people participate in Clash Pics. And"}, {"start": "00:36:01", "end": "00:36:05", "text": "you know, we got AI integrated"}, {"start": "00:36:04", "end": "00:36:08", "text": ">> [snorts]"}, {"start": "00:36:05", "end": "00:36:08", "text": ">> Um,"}, {"start": "00:36:08", "end": "00:36:13", "text": "this one seems like to be a lock."}, {"start": "00:36:15", "end": "00:36:18", "text": "So, you got AI integrated should be"}, {"start": "00:36:17", "end": "00:36:22", "text": "pretty good answer. I mean, there's like"}, {"start": "00:36:18", "end": "00:36:22", "text": "different levels of answer."}, {"start": "00:36:24", "end": "00:36:30", "text": "No deal signals in recent weeks. Markley"}, {"start": "00:36:26", "end": "00:36:32", "text": "hover favors no wait favors"}, {"start": "00:36:30", "end": "00:36:35", "text": "uh no despite compressed timeline and"}, {"start": "00:36:32", "end": "00:36:38", "text": "diplomatic window closing"}, {"start": "00:36:35", "end": "00:36:40", "text": "actually thinks it's no I I would think"}, {"start": "00:36:38", "end": "00:36:41", "text": "it's yes"}, {"start": "00:36:40", "end": "00:36:44", "text": "[snorts]"}, {"start": "00:36:41", "end": "00:36:49", "text": "see so we got ask clash integrated even"}, {"start": "00:36:44", "end": "00:36:51", "text": "for games people love games"}, {"start": "00:36:49", "end": "00:36:54", "text": "like NBA like like this is coming up"}, {"start": "00:36:51", "end": "00:36:54", "text": "today."}, {"start": "00:36:57", "end": "00:37:00", "text": "See, look at how good that And this is"}, {"start": "00:36:59", "end": "00:37:02", "text": "this is not the full analysis, too."}, {"start": "00:37:00", "end": "00:37:04", "text": "Clippers elite depth and defense"}, {"start": "00:37:02", "end": "00:37:07", "text": "overwhelmed Blazers limited back court"}, {"start": "00:37:04", "end": "00:37:09", "text": "without Lillard."}, {"start": "00:37:07", "end": "00:37:13", "text": "What did Lillard get back to Portland? I"}, {"start": "00:37:09", "end": "00:37:13", "text": "guess he did."}, {"start": "00:37:14", "end": "00:37:17", "text": "A lot of cool stuff."}, {"start": "00:37:19", "end": "00:37:23", "text": "And Clash Pigs is just awesome. I mean,"}, {"start": "00:37:21", "end": "00:37:26", "text": "uh, Ask Clash is just awesome. It's"}, {"start": "00:37:23", "end": "00:37:29", "text": "just, it's just so good. It's so good."}, {"start": "00:37:26", "end": "00:37:29", "text": "Uh,"}, {"start": "00:37:30", "end": "00:37:34", "text": "look at this. Look at this article."}, {"start": "00:37:32", "end": "00:37:36", "text": "Researchers have discovered a potential"}, {"start": "00:37:34", "end": "00:37:39", "text": "workaround that could delay the threat"}, {"start": "00:37:36", "end": "00:37:41", "text": "of quantum computing. Uh, delay the"}, {"start": "00:37:39", "end": "00:37:43", "text": "threat quantum computing poses to"}, {"start": "00:37:41", "end": "00:37:44", "text": "Bitcoin security architecture. This"}, {"start": "00:37:43", "end": "00:37:46", "text": "matters because quantum computers could"}, {"start": "00:37:44", "end": "00:37:48", "text": "theoretically break Bitcoin's current"}, {"start": "00:37:46", "end": "00:37:51", "text": "cryptographic"}, {"start": "00:37:48", "end": "00:37:53", "text": "uh protections endangering trillions in"}, {"start": "00:37:51", "end": "00:37:56", "text": "assets."}, {"start": "00:37:53", "end": "00:37:59", "text": "And then it talks about masters masters"}, {"start": "00:37:56", "end": "00:37:59", "text": "today"}, {"start": "00:38:00", "end": "00:38:03", "text": "and then Trump's alternative plan. I"}, {"start": "00:38:01", "end": "00:38:06", "text": "mean this the the new discover questions"}, {"start": "00:38:03", "end": "00:38:09", "text": "are awesome but everything you ask on"}, {"start": "00:38:06", "end": "00:38:12", "text": "Clash is awesome. like you get the best"}, {"start": "00:38:09", "end": "00:38:12", "text": "answers."}, {"start": "00:38:19", "end": "00:38:22", "text": "Uh, what happened to tournaments and"}, {"start": "00:38:20", "end": "00:38:26", "text": "gaming streams? I've stopped doing those"}, {"start": "00:38:22", "end": "00:38:28", "text": "for now because I'm concentrating on"}, {"start": "00:38:26", "end": "00:38:31", "text": "other things like growing stuff. Pretty"}, {"start": "00:38:28", "end": "00:38:32", "text": "soon I'll start them up again. They're"}, {"start": "00:38:31", "end": "00:38:36", "text": "fun and all, but I really haven't"}, {"start": "00:38:32", "end": "00:38:38", "text": "touched Clash Royale in like weeks"}, {"start": "00:38:36", "end": "00:38:41", "text": "because I think it's more important to"}, {"start": "00:38:38", "end": "00:38:43", "text": "upgrade Clash pickics and ask Clash,"}, {"start": "00:38:41", "end": "00:38:45", "text": "they're the futures. Each one of those"}, {"start": "00:38:43", "end": "00:38:47", "text": "products are worth over a billion"}, {"start": "00:38:45", "end": "00:38:49", "text": "dollars if I do them right. And if"}, {"start": "00:38:47", "end": "00:38:51", "text": "they're each worth over a billion"}, {"start": "00:38:49", "end": "00:38:56", "text": "dollars, what do you think that makes"}, {"start": "00:38:51", "end": "00:38:58", "text": "Clash worth in crypto sense? probably"}, {"start": "00:38:56", "end": "00:39:01", "text": "10 billion plus because everything's"}, {"start": "00:38:58", "end": "00:39:03", "text": "artificial in uh artificially inflated"}, {"start": "00:39:01", "end": "00:39:06", "text": "in crypto. So if I do it right and they"}, {"start": "00:39:03", "end": "00:39:08", "text": "both become billion dollar projects,"}, {"start": "00:39:06", "end": "00:39:11", "text": "clash holders are going to be filthy"}, {"start": "00:39:08", "end": "00:39:13", "text": "rich. Uh but the problem is execution."}, {"start": "00:39:11", "end": "00:39:18", "text": "It's not about the product. It's about"}, {"start": "00:39:13", "end": "00:39:18", "text": "execution. So I got to figure that out."}, {"start": "00:39:29", "end": "00:39:32", "text": "Um, I am George NFT holders. There's"}, {"start": "00:39:31", "end": "00:39:36", "text": "supposed to be a conversion happening."}, {"start": "00:39:32", "end": "00:39:38", "text": "That'll be coming soon. Um, you get a T4"}, {"start": "00:39:36", "end": "00:39:41", "text": "NFT. We haven't thought about that."}, {"start": "00:39:38", "end": "00:39:44", "text": "Maybe you'll just get a T3 one because"}, {"start": "00:39:41", "end": "00:39:48", "text": "we have a lot. I'll have to make some"}, {"start": "00:39:44", "end": "00:39:48", "text": "kind of like conversion process."}, {"start": "00:39:49", "end": "00:39:55", "text": "But yeah, that's coming. Not a big"}, {"start": "00:39:51", "end": "00:39:55", "text": "priority at this point."}, {"start": "00:40:02", "end": "00:40:06", "text": "Uh, there are three clashback events."}, {"start": "00:40:04", "end": "00:40:09", "text": "Talk about those. I I don't even know"}, {"start": "00:40:06", "end": "00:40:09", "text": "how to find them."}, {"start": "00:40:10", "end": "00:40:17", "text": "Where are the clashback events, Josh?"}, {"start": "00:40:13", "end": "00:40:17", "text": "Is there a filter for it?"}, {"start": "00:40:18", "end": "00:40:23", "text": "Okay. See, we don't we don't have a"}, {"start": "00:40:20", "end": "00:40:25", "text": "filter for it."}, {"start": "00:40:23", "end": "00:40:27", "text": "Oh, here we go. We do have a filter for"}, {"start": "00:40:25", "end": "00:40:31", "text": "it."}, {"start": "00:40:27", "end": "00:40:31", "text": "Wait, wait a minute."}, {"start": "00:40:32", "end": "00:40:37", "text": "Wait. The filter"}, {"start": "00:40:34", "end": "00:40:40", "text": "filter doesn't show."}, {"start": "00:40:37", "end": "00:40:43", "text": "Doesn't do anything."}, {"start": "00:40:40", "end": "00:40:44", "text": "Oh, these Oh,"}, {"start": "00:40:43", "end": "00:40:46", "text": "this is new. [clears throat] This is"}, {"start": "00:40:44", "end": "00:40:48", "text": "new. This is a new feature. I didn't"}, {"start": "00:40:46", "end": "00:40:50", "text": "even know about. See, this is awesome."}, {"start": "00:40:48", "end": "00:40:52", "text": "Uh, so we have a new feature. I didn't"}, {"start": "00:40:50", "end": "00:40:55", "text": "think it was implemented yet called"}, {"start": "00:40:52", "end": "00:40:57", "text": "Clash Back."}, {"start": "00:40:55", "end": "00:41:00", "text": "So a lot of the other prediction"}, {"start": "00:40:57", "end": "00:41:02", "text": "marketplaces they offer um you know for"}, {"start": "00:41:00", "end": "00:41:05", "text": "some like poly market has a few events"}, {"start": "00:41:02", "end": "00:41:07", "text": "and Kshi has I think everything where"}, {"start": "00:41:05", "end": "00:41:10", "text": "you get a certain yield back by"}, {"start": "00:41:07", "end": "00:41:11", "text": "predicting on a long-term event and they"}, {"start": "00:41:10", "end": "00:41:15", "text": "could do this because they have"}, {"start": "00:41:11", "end": "00:41:17", "text": "boatloads of money from investors and um"}, {"start": "00:41:15", "end": "00:41:19", "text": "a lot of times they just park your money"}, {"start": "00:41:17", "end": "00:41:22", "text": "into like a bank account or something so"}, {"start": "00:41:19", "end": "00:41:26", "text": "they get yield and they give it back. So"}, {"start": "00:41:22", "end": "00:41:29", "text": "our equivalent of that is called clash"}, {"start": "00:41:26", "end": "00:41:31", "text": "back"}, {"start": "00:41:29", "end": "00:41:35", "text": "and there's icon board. So these are for"}, {"start": "00:41:31", "end": "00:41:35", "text": "longerterm events."}, {"start": "00:41:37", "end": "00:41:43", "text": "So this one will crack and resume its"}, {"start": "00:41:39", "end": "00:41:47", "text": "IPO before 2027. So this is like a a"}, {"start": "00:41:43", "end": "00:41:51", "text": "very long-term event."}, {"start": "00:41:47", "end": "00:41:53", "text": "And here we go. 3%"}, {"start": "00:41:51", "end": "00:41:55", "text": "earn a bonus on long-term clash"}, {"start": "00:41:53", "end": "00:41:58", "text": "predictions, win or lose. The longer"}, {"start": "00:41:55", "end": "00:42:00", "text": "your market runs, the more you earn back"}, {"start": "00:41:58", "end": "00:42:02", "text": "as settlements. So, since this is a"}, {"start": "00:42:00", "end": "00:42:06", "text": "long-term event,"}, {"start": "00:42:02", "end": "00:42:09", "text": "if you park your clash in here, okay,"}, {"start": "00:42:06", "end": "00:42:11", "text": "you will get 3% clash back. So, that's"}, {"start": "00:42:09", "end": "00:42:14", "text": "why we call it clashback. It's awesome."}, {"start": "00:42:11", "end": "00:42:16", "text": "It's an awesome name, isn't it? But now"}, {"start": "00:42:14", "end": "00:42:19", "text": "we have this. This is one of our newest"}, {"start": "00:42:16", "end": "00:42:19", "text": "features."}, {"start": "00:42:19", "end": "00:42:24", "text": "So, you could almost think of it as"}, {"start": "00:42:22", "end": "00:42:26", "text": "you're getting something back for making"}, {"start": "00:42:24", "end": "00:42:28", "text": "a long-term prediction. And we have"}, {"start": "00:42:26", "end": "00:42:32", "text": "three of them. Here's one that's 4%."}, {"start": "00:42:28", "end": "00:42:34", "text": "This is our longest one. This is one"}, {"start": "00:42:32", "end": "00:42:36", "text": "year."}, {"start": "00:42:34", "end": "00:42:39", "text": "Uh,"}, {"start": "00:42:36", "end": "00:42:43", "text": "it closes in 181 days, but settles in a"}, {"start": "00:42:39", "end": "00:42:45", "text": "year. You get 4% cash back for making a"}, {"start": "00:42:43", "end": "00:42:49", "text": "prediction on this. When you lose, you"}, {"start": "00:42:45", "end": "00:42:54", "text": "will get that 4% back. So,"}, {"start": "00:42:49", "end": "00:42:54", "text": "it's our way of doing the same thing."}, {"start": "00:42:54", "end": "00:42:59", "text": "It's awesome."}, {"start": "00:42:56", "end": "00:43:00", "text": "Awesome."}, {"start": "00:42:59", "end": "00:43:02", "text": "See, we we got one of the best"}, {"start": "00:43:00", "end": "00:43:05", "text": "prediction marketplaces out there. We"}, {"start": "00:43:02", "end": "00:43:07", "text": "got multi-pic bonus, which will we will"}, {"start": "00:43:05", "end": "00:43:09", "text": "extend to three events soon. That's kind"}, {"start": "00:43:07", "end": "00:43:14", "text": "of like our way of doing parlay in a"}, {"start": "00:43:09", "end": "00:43:17", "text": "way. And then we got long-term"}, {"start": "00:43:14", "end": "00:43:19", "text": "clashback. We got volume championship"}, {"start": "00:43:17", "end": "00:43:22", "text": "that rewards the higher hard uh highest"}, {"start": "00:43:19", "end": "00:43:26", "text": "volume traders. We have weekly rewards"}, {"start": "00:43:22", "end": "00:43:28", "text": "for Pclash predictors that anyone can"}, {"start": "00:43:26", "end": "00:43:30", "text": "claim for free. You can see right here"}, {"start": "00:43:28", "end": "00:43:32", "text": "you can claim your Pclash and predict"}, {"start": "00:43:30", "end": "00:43:33", "text": "for free and you can win real Clash"}, {"start": "00:43:32", "end": "00:43:36", "text": "rewards."}, {"start": "00:43:33", "end": "00:43:37", "text": "Uh we got AI integrated in here now that"}, {"start": "00:43:36", "end": "00:43:40", "text": "gives you a heads up and you can get"}, {"start": "00:43:37", "end": "00:43:43", "text": "more insight into them. I mean come on,"}, {"start": "00:43:40", "end": "00:43:46", "text": "no one else no one else has this. This"}, {"start": "00:43:43", "end": "00:43:49", "text": "platform is"}, {"start": "00:43:46", "end": "00:43:51", "text": "golden. It's too good. It's not too"}, {"start": "00:43:49", "end": "00:43:53", "text": "good, but it's good. It's really good."}, {"start": "00:43:51", "end": "00:43:56", "text": "If we just got more volume into this,"}, {"start": "00:43:53", "end": "00:43:59", "text": "this is a billion dollar plus project."}, {"start": "00:43:56", "end": "00:44:01", "text": "And same thing with uh Aslash. I mean,"}, {"start": "00:43:59", "end": "00:44:04", "text": "we have stuff that in here that no one"}, {"start": "00:44:01", "end": "00:44:06", "text": "else has. No one has auto charts. This"}, {"start": "00:44:04", "end": "00:44:08", "text": "is like real time charts that gets"}, {"start": "00:44:06", "end": "00:44:10", "text": "generated. No one offers this. Everyone"}, {"start": "00:44:08", "end": "00:44:14", "text": "locks it down with a high subscription"}, {"start": "00:44:10", "end": "00:44:17", "text": "fee. No one else has portfolios,"}, {"start": "00:44:14", "end": "00:44:21", "text": "free portfolio manager. No one else has"}, {"start": "00:44:17", "end": "00:44:25", "text": "predictions on sporting events using AI"}, {"start": "00:44:21", "end": "00:44:27", "text": "and it's 60% accurate."}, {"start": "00:44:25", "end": "00:44:29", "text": "Um, no one else has the unique answers"}, {"start": "00:44:27", "end": "00:44:33", "text": "that we have. No one else allows you to"}, {"start": "00:44:29", "end": "00:44:35", "text": "follow sports teams and get notified."}, {"start": "00:44:33", "end": "00:44:37", "text": "I mean, it's crazy what we have. People"}, {"start": "00:44:35", "end": "00:44:41", "text": "just don't realize it. You know, most"}, {"start": "00:44:37", "end": "00:44:42", "text": "things in crypto have no utility at all."}, {"start": "00:44:41", "end": "00:44:44", "text": "they they just claim, oh, you know,"}, {"start": "00:44:42", "end": "00:44:47", "text": "we're the fastest chain or something"}, {"start": "00:44:44", "end": "00:44:49", "text": "like that, but it doesn't matter when"}, {"start": "00:44:47", "end": "00:44:51", "text": "it's not really useful."}, {"start": "00:44:49", "end": "00:44:53", "text": "We have so much utility. It's just"}, {"start": "00:44:51", "end": "00:44:57", "text": "people have to give it a try and then"}, {"start": "00:44:53", "end": "00:44:57", "text": "they'll realize how good it is."}, {"start": "00:44:58", "end": "00:45:05", "text": "And speaking of which, we're doing well."}, {"start": "00:45:00", "end": "00:45:05", "text": "We're starting to come up almost 73,000"}, {"start": "00:45:23", "end": "00:45:25", "text": ">> [snorts]"}, {"start": "00:45:24", "end": "00:45:28", "text": ">> Block miners. I don't think that's going"}, {"start": "00:45:25", "end": "00:45:29", "text": "to help at all. I I do wish I could"}, {"start": "00:45:28", "end": "00:45:32", "text": "change the name, but I don't think"}, {"start": "00:45:29", "end": "00:45:35", "text": "that's going to help at all. Look at all"}, {"start": "00:45:32", "end": "00:45:37", "text": "the other projects out there."}, {"start": "00:45:35", "end": "00:45:38", "text": "Like a lot of them have really silly"}, {"start": "00:45:37", "end": "00:45:42", "text": "names. A lot of them have like weird"}, {"start": "00:45:38", "end": "00:45:44", "text": "names. So if we really did want to"}, {"start": "00:45:42", "end": "00:45:46", "text": "change a name at some point, we'll just"}, {"start": "00:45:44", "end": "00:45:48", "text": "come up with another we'll just come up"}, {"start": "00:45:46", "end": "00:45:49", "text": "with another coin and do a redemption"}, {"start": "00:45:48", "end": "00:45:51", "text": "one for one redemption, something like"}, {"start": "00:45:49", "end": "00:45:56", "text": "that. And [snorts] that might actually"}, {"start": "00:45:51", "end": "00:46:00", "text": "help out later on. Um"}, {"start": "00:45:56", "end": "00:46:00", "text": "but I have no plans on that right now."}, {"start": "00:46:05", "end": "00:46:07", "text": ">> [snorts]"}, {"start": "00:46:05", "end": "00:46:08", "text": ">> This is, you know, this is what I've"}, {"start": "00:46:07", "end": "00:46:10", "text": "been doing. I've been building, you"}, {"start": "00:46:08", "end": "00:46:11", "text": "know, pretty soon I'm going to leave"}, {"start": "00:46:10", "end": "00:46:14", "text": "unleash"}, {"start": "00:46:11", "end": "00:46:17", "text": "my AI assistant and Ava who actually"}, {"start": "00:46:14", "end": "00:46:19", "text": "it's not even part of ask Clash. It's"}, {"start": "00:46:17", "end": "00:46:23", "text": "just a AI system I've been building and"}, {"start": "00:46:19", "end": "00:46:25", "text": "people will be amazed at how good it is."}, {"start": "00:46:23", "end": "00:46:27", "text": "Uh, it will be"}, {"start": "00:46:25", "end": "00:46:30", "text": "humanlike."}, {"start": "00:46:27", "end": "00:46:32", "text": "Let's just put it that way."}, {"start": "00:46:30", "end": "00:46:35", "text": "And it can instantly retrieve all"}, {"start": "00:46:32", "end": "00:46:37", "text": "articles, all all the things that we"}, {"start": "00:46:35", "end": "00:46:41", "text": "track. And we track a lot of stuff. A"}, {"start": "00:46:37", "end": "00:46:41", "text": "lot of stuff. [snorts]"}, {"start": "00:46:57", "end": "00:47:01", "text": "Uh, a Baron says, \"You must be"}, {"start": "00:47:00", "end": "00:47:02", "text": "oldfashioned. We had separate accounts"}, {"start": "00:47:01", "end": "00:47:04", "text": "when we were single. We never change"}, {"start": "00:47:02", "end": "00:47:07", "text": "it.\" But why?"}, {"start": "00:47:04", "end": "00:47:07", "text": "Why?"}, {"start": "00:47:08", "end": "00:47:12", "text": "I guess that's the question. Is it a"}, {"start": "00:47:09", "end": "00:47:15", "text": "trust thing or because you were just"}, {"start": "00:47:12", "end": "00:47:18", "text": "used to it? Is she opposed or you're"}, {"start": "00:47:15", "end": "00:47:20", "text": "opposed?"}, {"start": "00:47:18", "end": "00:47:21", "text": "Give some reasons why. Or it's just, oh,"}, {"start": "00:47:20", "end": "00:47:24", "text": "that's just how it's been and we never"}, {"start": "00:47:21", "end": "00:47:24", "text": "question it."}, {"start": "00:47:36", "end": "00:47:38", "text": ">> [snorts]"}, {"start": "00:47:38", "end": "00:47:43", "text": ">> No more. No more questions. People have"}, {"start": "00:47:41", "end": "00:47:47", "text": "no more questions."}, {"start": "00:47:43", "end": "00:47:47", "text": "Or is my thing stuck?"}, {"start": "00:47:51", "end": "00:47:56", "text": "No, there's no more questions. Okay, on"}, {"start": "00:47:53", "end": "00:48:00", "text": "that note, I guess it's time to go."}, {"start": "00:47:56", "end": "00:48:06", "text": "Um, well, it looks like it's uh we're"}, {"start": "00:48:00", "end": "00:48:06", "text": "still doing very well. Bitcoin has 728"}, {"start": "00:48:06", "end": "00:48:12", "text": "and um looks like today could be a good"}, {"start": "00:48:09", "end": "00:48:15", "text": "day. The ceasefire even though it seems"}, {"start": "00:48:12", "end": "00:48:18", "text": "like there may be some turmoil, but"}, {"start": "00:48:15", "end": "00:48:20", "text": "overall I think most traders and people"}, {"start": "00:48:18", "end": "00:48:24", "text": "are thinking that it's going to"}, {"start": "00:48:20", "end": "00:48:29", "text": "continue. It's going to hold. So, we're"}, {"start": "00:48:24", "end": "00:48:31", "text": "good. We are good, my friends. And don't"}, {"start": "00:48:29", "end": "00:48:34", "text": "be fading clash, okay? There might be"}, {"start": "00:48:31", "end": "00:48:36", "text": "some whale selling. Remember, when it"}, {"start": "00:48:34", "end": "00:48:40", "text": "comes to investing,"}, {"start": "00:48:36", "end": "00:48:42", "text": "it's the impatient transferring their"}, {"start": "00:48:40", "end": "00:48:46", "text": "wealth to the patient. You guys can see"}, {"start": "00:48:42", "end": "00:48:48", "text": "how passionate I am about building, how"}, {"start": "00:48:46", "end": "00:48:50", "text": "passionate I am about the projects,"}, {"start": "00:48:48", "end": "00:48:53", "text": "right, within Clash. I'm not going to"}, {"start": "00:48:50", "end": "00:48:55", "text": "stop until Clash is above a billion. And"}, {"start": "00:48:53", "end": "00:48:59", "text": "each one of these products are worth"}, {"start": "00:48:55", "end": "00:49:00", "text": "more than that already. So, don't fade"}, {"start": "00:48:59", "end": "00:49:04", "text": "it, guys. I'll see you guys later. Have"}, {"start": "00:49:00", "end": "00:49:06", "text": "a good rest of your Friday and weekend."}, {"start": "00:49:04", "end": "00:49:09", "text": "And uh I'll see you guys later. All"}, {"start": "00:49:06", "end": "00:49:11", "text": "right. And check out Clash Pickics and"}, {"start": "00:49:09", "end": "00:49:15", "text": "Ask Clash yourself in the description of"}, {"start": "00:49:11", "end": "00:49:15", "text": "this video. All right. Take care."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Welcome back to Cryptos Are Us. I'm"}, {"start": "00:00:04", "end": "00:00:09", "text": "George."}, {"start": "00:00:06", "end": "00:00:15", "text": "We're all George. Uh, welcome to another"}, {"start": "00:00:09", "end": "00:00:18", "text": "market open stream. We do have another"}, {"start": "00:00:15", "end": "00:00:22", "text": "I don't know how to say it, but we got"}, {"start": "00:00:18", "end": "00:00:25", "text": "we got more turmoil. We got more uh back"}, {"start": "00:00:22", "end": "00:00:27", "text": "and forth. We got more chaos. A lot of a"}, {"start": "00:00:25", "end": "00:00:29", "text": "lot of stuff happening. So, let's go"}, {"start": "00:00:27", "end": "00:00:33", "text": "over all of it"}, {"start": "00:00:29", "end": "00:00:36", "text": "and uh and discuss and talk about how"}, {"start": "00:00:33", "end": "00:00:40", "text": "Bitcoin relates and all this. All right,"}, {"start": "00:00:36", "end": "00:00:44", "text": "let's do it, guys. Let's do it."}, {"start": "00:00:40", "end": "00:00:47", "text": "Welcome, welcome, welcome."}, {"start": "00:00:44", "end": "00:00:50", "text": "We're starting out a day. Not bad. Not"}, {"start": "00:00:47", "end": "00:00:52", "text": "great. Kind of hovering, which is okay."}, {"start": "00:00:50", "end": "00:00:55", "text": "We're sitting above $70,000. We're"}, {"start": "00:00:52", "end": "00:00:59", "text": "sitting at 71,000. We're a little bit"}, {"start": "00:00:55", "end": "00:01:00", "text": "higher yesterday about 725sish."}, {"start": "00:00:59", "end": "00:01:04", "text": "So overall, we're still holding in the"}, {"start": "00:01:00", "end": "00:01:07", "text": "70s, which is good. Uh but yesterday,"}, {"start": "00:01:04", "end": "00:01:09", "text": "last night, as I've reported, there"}, {"start": "00:01:07", "end": "00:01:11", "text": "seems to be some issue with the"}, {"start": "00:01:09", "end": "00:01:15", "text": "ceasefire."}, {"start": "00:01:11", "end": "00:01:17", "text": "Little back and forth. Iran claiming"}, {"start": "00:01:15", "end": "00:01:19", "text": "that the US did, you know, already"}, {"start": "00:01:17", "end": "00:01:23", "text": "violated the 10 terms, but they didn't"}, {"start": "00:01:19", "end": "00:01:26", "text": "say specifically which ones."}, {"start": "00:01:23", "end": "00:01:28", "text": "uh Israel was still attacking Lebanon"}, {"start": "00:01:26", "end": "00:01:31", "text": "and uh you know there was still some"}, {"start": "00:01:28", "end": "00:01:33", "text": "stuff going on. So this morning you look"}, {"start": "00:01:31", "end": "00:01:36", "text": "at US markets open on the red but not"}, {"start": "00:01:33", "end": "00:01:39", "text": "deep red but the main thing is oil. Oil"}, {"start": "00:01:36", "end": "00:01:42", "text": "continues to climb up. Yesterday it fell"}, {"start": "00:01:39", "end": "00:01:45", "text": "down dramatically but today it's up"}, {"start": "00:01:42", "end": "00:01:51", "text": "another five six% so about $100 a barrel"}, {"start": "00:01:45", "end": "00:01:54", "text": "again. Right. So all this is no good. No"}, {"start": "00:01:51", "end": "00:01:56", "text": "good at all. But at least Wall Street is"}, {"start": "00:01:54", "end": "00:01:58", "text": "still kind of pricing him. You know,"}, {"start": "00:01:56", "end": "00:02:02", "text": "this is probably something small and the"}, {"start": "00:01:58", "end": "00:02:05", "text": "two sides will uh will somehow come to"}, {"start": "00:02:02", "end": "00:02:08", "text": "terms. Uh Trump is saying the US is"}, {"start": "00:02:05", "end": "00:02:11", "text": "ready for the next conquest."}, {"start": "00:02:08", "end": "00:02:14", "text": "I didn't know we were in"}, {"start": "00:02:11", "end": "00:02:14", "text": "acquisition mode."}, {"start": "00:02:15", "end": "00:02:22", "text": "Uh, but I guess the US is"}, {"start": "00:02:18", "end": "00:02:25", "text": "we're ready for a next conquest, but"}, {"start": "00:02:22", "end": "00:02:28", "text": "the US military will not be moved from"}, {"start": "00:02:25", "end": "00:02:30", "text": "the region until a real agreement is"}, {"start": "00:02:28", "end": "00:02:33", "text": "honored."}, {"start": "00:02:30", "end": "00:02:38", "text": "Um, so yeah, so there's a lot of back"}, {"start": "00:02:33", "end": "00:02:42", "text": "and forth right now. Did US violate? Did"}, {"start": "00:02:38", "end": "00:02:44", "text": "Iran violate or did Israel violate? I"}, {"start": "00:02:42", "end": "00:02:46", "text": "don't know."}, {"start": "00:02:44", "end": "00:02:51", "text": "But there are some good news out of"}, {"start": "00:02:46", "end": "00:02:53", "text": "this. Uh supposedly"}, {"start": "00:02:51", "end": "00:02:56", "text": "uh you know like UAE says there's no"}, {"start": "00:02:53", "end": "00:02:59", "text": "more missiles or drones"}, {"start": "00:02:56", "end": "00:03:01", "text": "being thrown at them. So that's that's a"}, {"start": "00:02:59", "end": "00:03:05", "text": "plus. It seems like you know Iran is"}, {"start": "00:03:01", "end": "00:03:08", "text": "stopping. Um but you know right now I"}, {"start": "00:03:05", "end": "00:03:12", "text": "it's just hard to say whether or not the"}, {"start": "00:03:08", "end": "00:03:15", "text": "strait is still open. did US really"}, {"start": "00:03:12", "end": "00:03:19", "text": "violate or not or they're just claiming"}, {"start": "00:03:15", "end": "00:03:21", "text": "or the wrong regime is claiming"}, {"start": "00:03:19", "end": "00:03:24", "text": "uh you know we got to wait for more"}, {"start": "00:03:21", "end": "00:03:27", "text": "clarity at this point okay but one thing"}, {"start": "00:03:24", "end": "00:03:31", "text": "is for certain seems like all these"}, {"start": "00:03:27", "end": "00:03:34", "text": "moves are all about oil"}, {"start": "00:03:31", "end": "00:03:37", "text": "in some capacity you think about"}, {"start": "00:03:34", "end": "00:03:39", "text": "Venezuela is about oil right now Iran is"}, {"start": "00:03:37", "end": "00:03:41", "text": "about oil I mean Greenland was not about"}, {"start": "00:03:39", "end": "00:03:45", "text": "oil but it's about minerals It's all"}, {"start": "00:03:41", "end": "00:03:50", "text": "about something something that the US"}, {"start": "00:03:45", "end": "00:03:50", "text": "wants and is very valuable."}, {"start": "00:03:52", "end": "00:03:58", "text": "So that's the thing. And look at this."}, {"start": "00:03:55", "end": "00:04:01", "text": "It was reported oil executives pressure"}, {"start": "00:03:58", "end": "00:04:03", "text": "Trump administration to reject any deal"}, {"start": "00:04:01", "end": "00:04:06", "text": "allowing Iran to charge tolls into"}, {"start": "00:04:03", "end": "00:04:07", "text": "straight over moves."}, {"start": "00:04:06", "end": "00:04:08", "text": "We didn't have to do it before. I"}, {"start": "00:04:07", "end": "00:04:13", "text": "thought we won the war. See, here's the"}, {"start": "00:04:08", "end": "00:04:17", "text": "thing again. It's about it's about oil."}, {"start": "00:04:13", "end": "00:04:20", "text": "It's about rights to commodities."}, {"start": "00:04:17", "end": "00:04:22", "text": "Um but yeah, you know, that was one of"}, {"start": "00:04:20", "end": "00:04:27", "text": "the new terms that Iran gets to charge"}, {"start": "00:04:22", "end": "00:04:28", "text": "it. Part of that is for reparations. Uh"}, {"start": "00:04:27", "end": "00:04:33", "text": "part of it is whatever they just want to"}, {"start": "00:04:28", "end": "00:04:33", "text": "make money from it. Um"}, {"start": "00:04:33", "end": "00:04:37", "text": "so I don't know. I don't know. Seems"}, {"start": "00:04:35", "end": "00:04:40", "text": "like"}, {"start": "00:04:37", "end": "00:04:43", "text": "there may be some conflict there too."}, {"start": "00:04:40", "end": "00:04:46", "text": "Okay. Now, moving past this, uh, besides"}, {"start": "00:04:43", "end": "00:04:49", "text": "all the Middle East stuff and war stuff,"}, {"start": "00:04:46", "end": "00:04:51", "text": "we did get some inflation numbers today."}, {"start": "00:04:49", "end": "00:04:53", "text": "Core inflation was 3% in February as"}, {"start": "00:04:51", "end": "00:04:56", "text": "expected. So, it's not bad. It's not"}, {"start": "00:04:53", "end": "00:04:58", "text": "great, but still hovering around 3%."}, {"start": "00:04:56", "end": "00:04:59", "text": "You know, the Fed always targets around"}, {"start": "00:04:58", "end": "00:05:05", "text": "2 to 3%. So, as long as we stay here,"}, {"start": "00:04:59", "end": "00:05:05", "text": "it'll be fine. But the thing is, um,"}, {"start": "00:05:05", "end": "00:05:13", "text": "Pal right now is still very anti-"}, {"start": "00:05:10", "end": "00:05:15", "text": "anti- cuts, right? So, unfortunately,"}, {"start": "00:05:13", "end": "00:05:16", "text": "until he's removed this chair, which"}, {"start": "00:05:15", "end": "00:05:20", "text": "should be coming in the next month or"}, {"start": "00:05:16", "end": "00:05:24", "text": "so, we're probably not going to see a"}, {"start": "00:05:20", "end": "00:05:27", "text": "cut. Uh, Worsh already said that he does"}, {"start": "00:05:24", "end": "00:05:30", "text": "want to cut"}, {"start": "00:05:27", "end": "00:05:33", "text": "because he favors saving jobs."}, {"start": "00:05:30", "end": "00:05:34", "text": "So, we'll have to see. So, this helps us"}, {"start": "00:05:33", "end": "00:05:37", "text": "in a way. If inflation is ticking up,"}, {"start": "00:05:34", "end": "00:05:39", "text": "obviously it makes cutting harder, but"}, {"start": "00:05:37", "end": "00:05:43", "text": "it didn't go down either, right? And all"}, {"start": "00:05:39", "end": "00:05:44", "text": "this stuff with oil and and barrels of"}, {"start": "00:05:43", "end": "00:05:47", "text": "oil going up is not going to help"}, {"start": "00:05:44", "end": "00:05:48", "text": "inflation. It hasn't hit the numbers"}, {"start": "00:05:47", "end": "00:05:50", "text": "yet. So, today and tomorrow, tomorrow"}, {"start": "00:05:48", "end": "00:05:52", "text": "will be another inflation reading, but"}, {"start": "00:05:50", "end": "00:05:54", "text": "we haven't hit. maybe next month or the"}, {"start": "00:05:52", "end": "00:05:57", "text": "month afterwards, that's when you could"}, {"start": "00:05:54", "end": "00:06:01", "text": "actually see some of the repercussions"}, {"start": "00:05:57", "end": "00:06:04", "text": "from high prices. So,"}, {"start": "00:06:01", "end": "00:06:06", "text": "right now is okay. Unfortunately, if"}, {"start": "00:06:04", "end": "00:06:09", "text": "this oil situation doesn't resolve soon,"}, {"start": "00:06:06", "end": "00:06:13", "text": "we're going to see it hit in in the"}, {"start": "00:06:09", "end": "00:06:16", "text": "data, which is not what we want."}, {"start": "00:06:13", "end": "00:06:21", "text": "All right. Outside of this, uh Morgan"}, {"start": "00:06:16", "end": "00:06:25", "text": "Stanley's ETF drew in 31 million"}, {"start": "00:06:21", "end": "00:06:27", "text": "first day pretty good undercome"}, {"start": "00:06:25", "end": "00:06:32", "text": "undercutting competitors 0.14 ratio so"}, {"start": "00:06:27", "end": "00:06:33", "text": "again I made this point often recently"}, {"start": "00:06:32", "end": "00:06:36", "text": "Morgan Stanley one of the bigger"}, {"start": "00:06:33", "end": "00:06:39", "text": "investment banks out there coming out"}, {"start": "00:06:36", "end": "00:06:42", "text": "the Bitcoin ETF during"}, {"start": "00:06:39", "end": "00:06:45", "text": "you could argue a week period is that"}, {"start": "00:06:42", "end": "00:06:48", "text": "smart well according to them I'm"}, {"start": "00:06:45", "end": "00:06:50", "text": "assuming yes because they want to get in"}, {"start": "00:06:48", "end": "00:06:53", "text": "low,"}, {"start": "00:06:50", "end": "00:06:55", "text": "the interest obviously is still there,"}, {"start": "00:06:53", "end": "00:06:58", "text": "but then once we recover, they're go"}, {"start": "00:06:55", "end": "00:07:00", "text": "prosper for sure, right? So, we still"}, {"start": "00:06:58", "end": "00:07:02", "text": "have big boys coming in and Brian"}, {"start": "00:07:00", "end": "00:07:04", "text": "Armstrong"}, {"start": "00:07:02", "end": "00:07:08", "text": "of Coinbase"}, {"start": "00:07:04", "end": "00:07:11", "text": "um likes this because"}, {"start": "00:07:08", "end": "00:07:15", "text": "guess who's the custodian for Morgan"}, {"start": "00:07:11", "end": "00:07:18", "text": "Stanley. Uh, so obviously Coinbase is"}, {"start": "00:07:15", "end": "00:07:19", "text": "one of the bigger custodians out there."}, {"start": "00:07:18", "end": "00:07:25", "text": "They love it. They're going to make some"}, {"start": "00:07:19", "end": "00:07:28", "text": "money, but also they're trustworthy. Um,"}, {"start": "00:07:25", "end": "00:07:31", "text": "holding large amounts of Bitcoin Sailor"}, {"start": "00:07:28", "end": "00:07:34", "text": "Strategies. Uh, Bitcoin Pile is held by"}, {"start": "00:07:31", "end": "00:07:36", "text": "them. I mean,"}, {"start": "00:07:34", "end": "00:07:40", "text": "but, you know, goes to show you there"}, {"start": "00:07:36", "end": "00:07:43", "text": "are still a lot of big boys coming in"}, {"start": "00:07:40", "end": "00:07:46", "text": "the space."}, {"start": "00:07:43", "end": "00:07:48", "text": "Speaking of Sailor,"}, {"start": "00:07:46", "end": "00:07:53", "text": "Sailor says Bitcoin likely bottom near"}, {"start": "00:07:48", "end": "00:07:56", "text": "60K suggest quantum risk is overblown."}, {"start": "00:07:53", "end": "00:07:58", "text": "There's a lot of talk about quantum"}, {"start": "00:07:56", "end": "00:08:01", "text": "computers and how it could crack"}, {"start": "00:07:58", "end": "00:08:05", "text": "Bitcoin, crack crypto, but really it"}, {"start": "00:08:01", "end": "00:08:08", "text": "could crack anything."}, {"start": "00:08:05", "end": "00:08:08", "text": "Um,"}, {"start": "00:08:08", "end": "00:08:14", "text": "you know, I I I I know it's a real thing"}, {"start": "00:08:12", "end": "00:08:17", "text": "because now that I'm working with AI, I"}, {"start": "00:08:14", "end": "00:08:19", "text": "know how fast AI is progressing. And I'm"}, {"start": "00:08:17", "end": "00:08:21", "text": "pretty sure it's the same thing with"}, {"start": "00:08:19", "end": "00:08:23", "text": "quantum computers and chips and"}, {"start": "00:08:21", "end": "00:08:26", "text": "everything is just advancing so quick."}, {"start": "00:08:23", "end": "00:08:28", "text": "But we do have a lot of people, a lot of"}, {"start": "00:08:26", "end": "00:08:31", "text": "very smart people that's working to kind"}, {"start": "00:08:28", "end": "00:08:34", "text": "of counter this and to fix things to"}, {"start": "00:08:31", "end": "00:08:36", "text": "make sure that everything just doesn't"}, {"start": "00:08:34", "end": "00:08:39", "text": "blow up and we're all set back in the"}, {"start": "00:08:36", "end": "00:08:40", "text": "stone ages, right?"}, {"start": "00:08:39", "end": "00:08:42", "text": "So, for example, you already have"}, {"start": "00:08:40", "end": "00:08:46", "text": "Bitcoin developers that are building"}, {"start": "00:08:42", "end": "00:08:48", "text": "quantum defense for wallets. You know,"}, {"start": "00:08:46", "end": "00:08:50", "text": "I'm pretty sure this is going to be"}, {"start": "00:08:48", "end": "00:08:53", "text": "built in everything that we use. wallets"}, {"start": "00:08:50", "end": "00:08:57", "text": "first, then chains, you know, the"}, {"start": "00:08:53", "end": "00:09:00", "text": "validators or the miners, uh, their code"}, {"start": "00:08:57", "end": "00:09:02", "text": "exchanges and everything, right? So,"}, {"start": "00:09:00", "end": "00:09:04", "text": "that's the good thing. I mean, you can"}, {"start": "00:09:02", "end": "00:09:05", "text": "always sit here and just worry about,"}, {"start": "00:09:04", "end": "00:09:08", "text": "okay, what's going to happen in five"}, {"start": "00:09:05", "end": "00:09:09", "text": "years,"}, {"start": "00:09:08", "end": "00:09:12", "text": "but trust me, there's a lot of people"}, {"start": "00:09:09", "end": "00:09:14", "text": "that are working at fixing the very"}, {"start": "00:09:12", "end": "00:09:16", "text": "problems we're thinking about, which is"}, {"start": "00:09:14", "end": "00:09:18", "text": "good. Which is good. So I kind of agree"}, {"start": "00:09:16", "end": "00:09:20", "text": "and kind of don't I don't think we"}, {"start": "00:09:18", "end": "00:09:24", "text": "should totally"}, {"start": "00:09:20", "end": "00:09:27", "text": "ignore quantum risk but"}, {"start": "00:09:24", "end": "00:09:29", "text": "uh we should not be like in such a"}, {"start": "00:09:27", "end": "00:09:32", "text": "fearful state that it makes us get out"}, {"start": "00:09:29", "end": "00:09:34", "text": "or not stay in the game. That's kind of"}, {"start": "00:09:32", "end": "00:09:36", "text": "how I vision it. But you know sailor's"}, {"start": "00:09:34", "end": "00:09:39", "text": "not going to stop buying"}, {"start": "00:09:36", "end": "00:09:43", "text": "and uh and others are still not going to"}, {"start": "00:09:39", "end": "00:09:45", "text": "stop buying. So, you would figure Sailor"}, {"start": "00:09:43", "end": "00:09:48", "text": "himself is probably putting a lot of"}, {"start": "00:09:45", "end": "00:09:52", "text": "money into this because uh he has close"}, {"start": "00:09:48", "end": "00:09:52", "text": "to 800,000 Bitcoin"}, {"start": "00:09:52", "end": "00:09:58", "text": "and he's going to"}, {"start": "00:09:55", "end": "00:10:00", "text": "buy more."}, {"start": "00:09:58", "end": "00:10:02", "text": "He's going to buy more and more. More"}, {"start": "00:10:00", "end": "00:10:04", "text": "stretch is actually one of the hottest"}, {"start": "00:10:02", "end": "00:10:07", "text": "things right now in Wall Street because"}, {"start": "00:10:04", "end": "00:10:09", "text": "of how much dividend promises to pay."}, {"start": "00:10:07", "end": "00:10:12", "text": "Although it hasn't paid any dividend"}, {"start": "00:10:09", "end": "00:10:14", "text": "yet, but in the next few years it will."}, {"start": "00:10:12", "end": "00:10:18", "text": "But it's so hot that people are buying"}, {"start": "00:10:14", "end": "00:10:23", "text": "it. And guess what? Sailors using that"}, {"start": "00:10:18", "end": "00:10:23", "text": "the proceeds to buy more Bitcoin."}, {"start": "00:10:26", "end": "00:10:34", "text": "All right. What else? Uh, yeah. Don't be"}, {"start": "00:10:31", "end": "00:10:39", "text": "like Lily Allen. In 2009, singer Lily"}, {"start": "00:10:34", "end": "00:10:41", "text": "Allen rejected 200,000 Bitcoin to play a"}, {"start": "00:10:39", "end": "00:10:43", "text": "gig. I mean, you can't blame her. In"}, {"start": "00:10:41", "end": "00:10:46", "text": "2009, no one even really knew about"}, {"start": "00:10:43", "end": "00:10:48", "text": "Bitcoin. No one thought that it was"}, {"start": "00:10:46", "end": "00:10:52", "text": "real. No one thought that it was going"}, {"start": "00:10:48", "end": "00:10:56", "text": "to stay. It was like literally,"}, {"start": "00:10:52", "end": "00:10:59", "text": "you know, right after it came out."}, {"start": "00:10:56", "end": "00:10:59", "text": "But, you know,"}, {"start": "00:10:59", "end": "00:11:07", "text": "it's fun to play this game. Had she said"}, {"start": "00:11:03", "end": "00:11:07", "text": "yes and kept it,"}, {"start": "00:11:10", "end": "00:11:22", "text": "she would be worth 14.3 billion."}, {"start": "00:11:15", "end": "00:11:22", "text": "Power of holding, power of"}, {"start": "00:11:24", "end": "00:11:29", "text": "DCing, just want to hold long term."}, {"start": "00:11:27", "end": "00:11:31", "text": "Bitcoin is the one thing that you want"}, {"start": "00:11:29", "end": "00:11:34", "text": "to keep holding no matter what. Look,"}, {"start": "00:11:31", "end": "00:11:36", "text": "think about it. Since 2009 till now, how"}, {"start": "00:11:34", "end": "00:11:38", "text": "many up and downs, how many crypto"}, {"start": "00:11:36", "end": "00:11:41", "text": "winters, how many black swans, and every"}, {"start": "00:11:38", "end": "00:11:43", "text": "single time Bitcoin seems like it's"}, {"start": "00:11:41", "end": "00:11:46", "text": "dead,"}, {"start": "00:11:43", "end": "00:11:49", "text": "it picks itself back up and continues to"}, {"start": "00:11:46", "end": "00:11:49", "text": "move forward."}, {"start": "00:11:50", "end": "00:11:54", "text": "Uh, all right. A few few other things."}, {"start": "00:11:52", "end": "00:11:56", "text": "Let's see. Large liquidation clusters"}, {"start": "00:11:54", "end": "00:11:59", "text": "nearby."}, {"start": "00:11:56", "end": "00:12:02", "text": "Okay. Uh you do have a lot, you know,"}, {"start": "00:11:59", "end": "00:12:04", "text": "like right in the middle there."}, {"start": "00:12:02", "end": "00:12:07", "text": "That's kind of like the"}, {"start": "00:12:04", "end": "00:12:09", "text": "kind of like the even spot."}, {"start": "00:12:07", "end": "00:12:12", "text": "Like that's like literally where we are"}, {"start": "00:12:09", "end": "00:12:14", "text": "right now. 70,800, right? But if we move"}, {"start": "00:12:12", "end": "00:12:17", "text": "higher, you're going to have a lot of"}, {"start": "00:12:14", "end": "00:12:18", "text": "shorts liquidated. You go lower, you're"}, {"start": "00:12:17", "end": "00:12:20", "text": "going to have a lot of longs liquidated."}, {"start": "00:12:18", "end": "00:12:22", "text": "We're kind of like sitting right at that"}, {"start": "00:12:20", "end": "00:12:24", "text": "middle point"}, {"start": "00:12:22", "end": "00:12:27", "text": "like Exactly. But there are a lot of"}, {"start": "00:12:24", "end": "00:12:31", "text": "people that are still playing with huge"}, {"start": "00:12:27", "end": "00:12:34", "text": "amounts of leverage. You could see 10x"}, {"start": "00:12:31", "end": "00:12:39", "text": "25x."}, {"start": "00:12:34", "end": "00:12:39", "text": "But that's good if you watch squeezes."}, {"start": "00:12:39", "end": "00:12:45", "text": "That's how you move the needle."}, {"start": "00:12:42", "end": "00:12:47", "text": "But not, you know, I'm hopefully it's"}, {"start": "00:12:45", "end": "00:12:50", "text": "mostly to the upside from the shorts"}, {"start": "00:12:47", "end": "00:12:50", "text": "getting liquidated."}, {"start": "00:12:50", "end": "00:12:57", "text": "uh this what must happen for Bitcoin to"}, {"start": "00:12:55", "end": "00:12:58", "text": "go higher? Well, I mean the biggest"}, {"start": "00:12:57", "end": "00:13:03", "text": "thing is we need some kind of"}, {"start": "00:12:58", "end": "00:13:05", "text": "resolution, right? Um everything else"}, {"start": "00:13:03", "end": "00:13:07", "text": "I've been arguing has been fine, right?"}, {"start": "00:13:05", "end": "00:13:10", "text": "You got big boys still coming in,"}, {"start": "00:13:07", "end": "00:13:13", "text": "institutions still in the game, you got"}, {"start": "00:13:10", "end": "00:13:15", "text": "a lot of buying. The technicals, which I"}, {"start": "00:13:13", "end": "00:13:19", "text": "could I could go over in a little bit,"}, {"start": "00:13:15", "end": "00:13:22", "text": "look decent. Right now, it's just just a"}, {"start": "00:13:19", "end": "00:13:24", "text": "waiting period. It's a holding period."}, {"start": "00:13:22", "end": "00:13:27", "text": "That's all"}, {"start": "00:13:24", "end": "00:13:31", "text": "it really comes down to, right? But Tom"}, {"start": "00:13:27", "end": "00:13:34", "text": "Lee, just like Sailor,"}, {"start": "00:13:31", "end": "00:13:37", "text": "says the bottom is in. That 60,000 was"}, {"start": "00:13:34", "end": "00:13:40", "text": "our bottom. We're not going any lower."}, {"start": "00:13:37", "end": "00:13:42", "text": "We're staying put. And that's why he"}, {"start": "00:13:40", "end": "00:13:44", "text": "continues to buy and and he's buying"}, {"start": "00:13:42", "end": "00:13:45", "text": "more and more and more every single"}, {"start": "00:13:44", "end": "00:13:47", "text": "week. I don't know what he's doing. It's"}, {"start": "00:13:45", "end": "00:13:51", "text": "not like it's not like Sailor was"}, {"start": "00:13:47", "end": "00:13:53", "text": "selling Stretch. He's selling something"}, {"start": "00:13:51", "end": "00:13:57", "text": "to buy hundreds of millions of dollars"}, {"start": "00:13:53", "end": "00:13:59", "text": "worth of Ethereum every single week."}, {"start": "00:13:57", "end": "00:14:02", "text": "It's kind of insane. It's kind of"}, {"start": "00:13:59", "end": "00:14:02", "text": "insane."}, {"start": "00:14:02", "end": "00:14:07", "text": "Uh"}, {"start": "00:14:04", "end": "00:14:10", "text": "look at this. Public companies have"}, {"start": "00:14:07", "end": "00:14:13", "text": "accumulated 7.4 million ETH in 12"}, {"start": "00:14:10", "end": "00:14:13", "text": "months."}, {"start": "00:14:15", "end": "00:14:21", "text": "I bet a lot of that, if not most of"}, {"start": "00:14:17", "end": "00:14:24", "text": "that, is from Bitmine. But still goes to"}, {"start": "00:14:21", "end": "00:14:25", "text": "show you within one year, less than one"}, {"start": "00:14:24", "end": "00:14:31", "text": "year,"}, {"start": "00:14:25", "end": "00:14:35", "text": "you have over six million ETH now being"}, {"start": "00:14:31", "end": "00:14:38", "text": "held by Treasury companies. Over six"}, {"start": "00:14:35", "end": "00:14:40", "text": "million and that continues"}, {"start": "00:14:38", "end": "00:14:42", "text": "to climb. A lot of that is ETFs, a lot"}, {"start": "00:14:40", "end": "00:14:44", "text": "of it is Bitmine, right? And then plus"}, {"start": "00:14:42", "end": "00:14:48", "text": "there's others that are starting to hold"}, {"start": "00:14:44", "end": "00:14:48", "text": "ETH as well."}, {"start": "00:14:48", "end": "00:14:52", "text": "Pretty crazy."}, {"start": "00:14:52", "end": "00:15:00", "text": "Last few things, stable coins, 7.2"}, {"start": "00:14:57", "end": "00:15:00", "text": "trillion"}, {"start": "00:15:00", "end": "00:15:09", "text": "overtaking AC transfers, Visa."}, {"start": "00:15:05", "end": "00:15:11", "text": "So this tells you, okay,"}, {"start": "00:15:09", "end": "00:15:15", "text": "how important stable coins are for the"}, {"start": "00:15:11", "end": "00:15:17", "text": "future. This is why we have the Genius"}, {"start": "00:15:15", "end": "00:15:19", "text": "Act, why there's still a lot of debate"}, {"start": "00:15:17", "end": "00:15:23", "text": "over the Clarity Act because of the"}, {"start": "00:15:19", "end": "00:15:24", "text": "yield. The banks,"}, {"start": "00:15:23", "end": "00:15:27", "text": "they know what's coming. They don't want"}, {"start": "00:15:24", "end": "00:15:31", "text": "stable coins to take over. Then people"}, {"start": "00:15:27", "end": "00:15:33", "text": "don't need to do a transfers or do like"}, {"start": "00:15:31", "end": "00:15:36", "text": "zel transfers or any kind of transfers"}, {"start": "00:15:33", "end": "00:15:38", "text": "or use credit cards even. Well, credit"}, {"start": "00:15:36", "end": "00:15:41", "text": "cards will be around, but all the fees"}, {"start": "00:15:38", "end": "00:15:42", "text": "and transaction fees that they've been"}, {"start": "00:15:41", "end": "00:15:45", "text": "charging goes away when you use stable"}, {"start": "00:15:42", "end": "00:15:48", "text": "coin transfers. It's nearly instant and"}, {"start": "00:15:45", "end": "00:15:50", "text": "nearly free."}, {"start": "00:15:48", "end": "00:15:52", "text": "But everything else you use, there's"}, {"start": "00:15:50", "end": "00:15:54", "text": "little fee that they take. This is the"}, {"start": "00:15:52", "end": "00:15:57", "text": "reason why the passing the Clarity Act"}, {"start": "00:15:54", "end": "00:16:00", "text": "has been so difficult because the banks"}, {"start": "00:15:57", "end": "00:16:02", "text": "have been shutting down all these things"}, {"start": "00:16:00", "end": "00:16:05", "text": "that they don't like including yield"}, {"start": "00:16:02", "end": "00:16:08", "text": "too. Now imagine you're earning yield on"}, {"start": "00:16:05", "end": "00:16:12", "text": "your stable coins which is awesomer. I"}, {"start": "00:16:08", "end": "00:16:14", "text": "know that's not a word, but still um and"}, {"start": "00:16:12", "end": "00:16:17", "text": "they hate that too because if everyone's"}, {"start": "00:16:14", "end": "00:16:20", "text": "just holding stable coins and earning"}, {"start": "00:16:17", "end": "00:16:24", "text": "yield and can make transfers and"}, {"start": "00:16:20", "end": "00:16:26", "text": "payments fee list, it basically takes"}, {"start": "00:16:24", "end": "00:16:28", "text": "the bank's out of the picture, right?"}, {"start": "00:16:26", "end": "00:16:30", "text": "And then you add in loans. If you could"}, {"start": "00:16:28", "end": "00:16:32", "text": "do crypto loans and stuff, then they're"}, {"start": "00:16:30", "end": "00:16:35", "text": "really screwed. So, this is part of"}, {"start": "00:16:32", "end": "00:16:39", "text": "reason. But this is huge, huge. And it's"}, {"start": "00:16:35", "end": "00:16:39", "text": "only going to increase from here."}, {"start": "00:16:39", "end": "00:16:45", "text": "Lastly, I saw this Cardano founder says,"}, {"start": "00:16:42", "end": "00:16:47", "text": "\"AI is magic.\" And I agree, but"}, {"start": "00:16:45", "end": "00:16:48", "text": "sometimes AI is so frustrating. I'm"}, {"start": "00:16:47", "end": "00:16:51", "text": "getting so frustrated right now with"}, {"start": "00:16:48", "end": "00:16:52", "text": "something, but uh you know, I was"}, {"start": "00:16:51", "end": "00:16:54", "text": "wondering what what Cardano is working"}, {"start": "00:16:52", "end": "00:16:57", "text": "on. So, they're they're not working on"}, {"start": "00:16:54", "end": "00:17:00", "text": "something that's that fantastic."}, {"start": "00:16:57", "end": "00:17:03", "text": "Okay. Something called the exit"}, {"start": "00:17:00", "end": "00:17:06", "text": "liquidity lobster,"}, {"start": "00:17:03", "end": "00:17:09", "text": "a AI agent. And that agent is designed"}, {"start": "00:17:06", "end": "00:17:12", "text": "for around the clock Cardano content"}, {"start": "00:17:09", "end": "00:17:12", "text": "posting."}, {"start": "00:17:12", "end": "00:17:19", "text": "That's it. That's it."}, {"start": "00:17:16", "end": "00:17:21", "text": "I designed that in a in a week. I"}, {"start": "00:17:19", "end": "00:17:24", "text": "thought Charles and Cardano was going to"}, {"start": "00:17:21", "end": "00:17:27", "text": "do some some really cool stuff with AI."}, {"start": "00:17:24", "end": "00:17:29", "text": "Maybe they still are. Okay. AI is"}, {"start": "00:17:27", "end": "00:17:33", "text": "definitely the future. love to see more"}, {"start": "00:17:29", "end": "00:17:35", "text": "blockchain companies or chains or DAPs"}, {"start": "00:17:33", "end": "00:17:38", "text": "utilize it. Right now there's a lot of"}, {"start": "00:17:35", "end": "00:17:40", "text": "fake like oh AI bots and it's it's none"}, {"start": "00:17:38", "end": "00:17:43", "text": "of them is agentic. None of them are"}, {"start": "00:17:40", "end": "00:17:47", "text": "really that useful. We want to see some"}, {"start": "00:17:43", "end": "00:17:49", "text": "true development, true innovation and uh"}, {"start": "00:17:47", "end": "00:17:53", "text": "that's what I'm working on right now for"}, {"start": "00:17:49", "end": "00:17:56", "text": "Clash and for my own personal businesses"}, {"start": "00:17:53", "end": "00:17:57", "text": "and AI is fantastic. It's just very"}, {"start": "00:17:56", "end": "00:17:59", "text": "frustrating at times. You just got to"}, {"start": "00:17:57", "end": "00:18:01", "text": "get it right. You got to dial it in"}, {"start": "00:17:59", "end": "00:18:04", "text": "right."}, {"start": "00:18:01", "end": "00:18:09", "text": "Um, all right. That's pretty much it."}, {"start": "00:18:04", "end": "00:18:12", "text": "Let's see. US market"}, {"start": "00:18:09", "end": "00:18:12", "text": "borderline"}, {"start": "00:18:12", "end": "00:18:20", "text": "kind of even. Bitcoin's kind of holding."}, {"start": "00:18:17", "end": "00:18:23", "text": "Uh, as for charts, let's see."}, {"start": "00:18:20", "end": "00:18:27", "text": "short-term, long-term 15 minutes"}, {"start": "00:18:23", "end": "00:18:31", "text": "just dropped a little bit, broke all the"}, {"start": "00:18:27", "end": "00:18:33", "text": "the levels as soon as market open."}, {"start": "00:18:31", "end": "00:18:35", "text": "That's that's 15 minute though. Let's"}, {"start": "00:18:33", "end": "00:18:37", "text": "see the hour"}, {"start": "00:18:35", "end": "00:18:40", "text": "also."}, {"start": "00:18:37", "end": "00:18:43", "text": "Not so much, not so great, but it is"}, {"start": "00:18:40", "end": "00:18:46", "text": "holding. It is holding at a key level"}, {"start": "00:18:43", "end": "00:18:50", "text": "there."}, {"start": "00:18:46", "end": "00:18:51", "text": "But shortterm, this market open kind of"}, {"start": "00:18:50", "end": "00:18:54", "text": "broke things. But if you go a little"}, {"start": "00:18:51", "end": "00:18:57", "text": "longterm like 4 hour"}, {"start": "00:18:54", "end": "00:19:00", "text": "still decent, you could see why it's"}, {"start": "00:18:57", "end": "00:19:02", "text": "holding above all the moving averages."}, {"start": "00:19:00", "end": "00:19:03", "text": "You know, we just need to break that"}, {"start": "00:19:02", "end": "00:19:05", "text": "next key level, which is right around"}, {"start": "00:19:03", "end": "00:19:08", "text": "here about 72"}, {"start": "00:19:05", "end": "00:19:10", "text": "72,000."}, {"start": "00:19:08", "end": "00:19:12", "text": "That's where we were yesterday. We we"}, {"start": "00:19:10", "end": "00:19:14", "text": "broke it briefly, unable to hold. So"}, {"start": "00:19:12", "end": "00:19:18", "text": "that's going to be the next key level to"}, {"start": "00:19:14", "end": "00:19:20", "text": "break above and hold about 725."}, {"start": "00:19:18", "end": "00:19:22", "text": "So"}, {"start": "00:19:20", "end": "00:19:26", "text": "shortterm kind of mixed right now."}, {"start": "00:19:22", "end": "00:19:29", "text": "Obviously everything's driven by"}, {"start": "00:19:26", "end": "00:19:31", "text": "the geopolitical stuff."}, {"start": "00:19:29", "end": "00:19:33", "text": "But yesterday I was looking at this. We"}, {"start": "00:19:31", "end": "00:19:34", "text": "were so close. And if you look at all"}, {"start": "00:19:33", "end": "00:19:37", "text": "the crypto, if you look at a weekly"}, {"start": "00:19:34", "end": "00:19:40", "text": "scale, we're so close of breaking"}, {"start": "00:19:37", "end": "00:19:43", "text": "through this trend line, right? From our"}, {"start": "00:19:40", "end": "00:19:46", "text": "high of October 126,000"}, {"start": "00:19:43", "end": "00:19:49", "text": "and then we briefly broke above this"}, {"start": "00:19:46", "end": "00:19:52", "text": "like 95,000ish"}, {"start": "00:19:49", "end": "00:19:54", "text": "right here. Right? That trend line that"}, {"start": "00:19:52", "end": "00:19:56", "text": "established, we're like right there."}, {"start": "00:19:54", "end": "00:19:59", "text": "We're right there. We need to break"}, {"start": "00:19:56", "end": "00:20:00", "text": "through like decisively. and then we can"}, {"start": "00:19:59", "end": "00:20:02", "text": "have a good recovery. But right now,"}, {"start": "00:20:00", "end": "00:20:05", "text": "we're just kind of like being held back,"}, {"start": "00:20:02", "end": "00:20:08", "text": "kind of just staying put. But, you know,"}, {"start": "00:20:05", "end": "00:20:11", "text": "once we do,"}, {"start": "00:20:08", "end": "00:20:14", "text": "the next major resistance is $95,000"}, {"start": "00:20:11", "end": "00:20:19", "text": "and our current support is right around"}, {"start": "00:20:14", "end": "00:20:19", "text": "$64,000. So, um,"}, {"start": "00:20:19", "end": "00:20:23", "text": "this is the one to watch. Short term,"}, {"start": "00:20:21", "end": "00:20:24", "text": "it's kind of hard to determine, you"}, {"start": "00:20:23", "end": "00:20:26", "text": "know, the moves with all the"}, {"start": "00:20:24", "end": "00:20:28", "text": "geopolitical stuff and oil and"}, {"start": "00:20:26", "end": "00:20:33", "text": "everything, but long term, this is what"}, {"start": "00:20:28", "end": "00:20:37", "text": "we're facing. Still down 41.8%."}, {"start": "00:20:33", "end": "00:20:37", "text": "But if you look at that,"}, {"start": "00:20:37", "end": "00:20:43", "text": "you know, a lot of gains, a lot of gains"}, {"start": "00:20:41", "end": "00:20:46", "text": "on the table just to recover back to"}, {"start": "00:20:43", "end": "00:20:46", "text": "where we were."}, {"start": "00:20:47", "end": "00:20:51", "text": "All right, guys. Let's do some Q&A."}, {"start": "00:21:23", "end": "00:21:28", "text": "Orlando says, \"What would you sell? What"}, {"start": "00:21:25", "end": "00:21:31", "text": "would you all sell your ADA for? Soul"}, {"start": "00:21:28", "end": "00:21:34", "text": "Sue.\" I would argue"}, {"start": "00:21:31", "end": "00:21:36", "text": "um if you're talking about big caps, I"}, {"start": "00:21:34", "end": "00:21:38", "text": "like soul better, but if you're all"}, {"start": "00:21:36", "end": "00:21:40", "text": "around, you got to throw in some Bitcoin"}, {"start": "00:21:38", "end": "00:21:42", "text": "obviously. Then you got to throw in some"}, {"start": "00:21:40", "end": "00:21:44", "text": "Clash because I'm going to make the"}, {"start": "00:21:42", "end": "00:21:47", "text": "project go to a billion plus when we"}, {"start": "00:21:44", "end": "00:21:50", "text": "turn around. Uh so you don't want to be"}, {"start": "00:21:47", "end": "00:21:50", "text": "left out."}, {"start": "00:21:51", "end": "00:21:59", "text": "Do you see BNM, Bit Miner or Bit Mine"}, {"start": "00:21:56", "end": "00:22:02", "text": "recovering to $40"}, {"start": "00:21:59", "end": "00:22:02", "text": "in a year?"}, {"start": "00:22:03", "end": "00:22:07", "text": "I don't know. I haven't really been"}, {"start": "00:22:04", "end": "00:22:10", "text": "following it to be quite honest. I mean,"}, {"start": "00:22:07", "end": "00:22:13", "text": "Tom Lee is going nuts with his ETH"}, {"start": "00:22:10", "end": "00:22:17", "text": "buying."}, {"start": "00:22:13", "end": "00:22:21", "text": "So I think institutions love"}, {"start": "00:22:17", "end": "00:22:25", "text": "Micro Strategy. So if they love ETH,"}, {"start": "00:22:21", "end": "00:22:25", "text": "they'll love Bitmine."}, {"start": "00:22:55", "end": "00:22:58", "text": "Hypothetically, if Trump was is"}, {"start": "00:22:57", "end": "00:23:01", "text": "impeached, who would be running the"}, {"start": "00:22:58", "end": "00:23:03", "text": "country? It would be Vance."}, {"start": "00:23:01", "end": "00:23:06", "text": "O,"}, {"start": "00:23:03", "end": "00:23:08", "text": "I don't know who I'd rather have. No, I"}, {"start": "00:23:06", "end": "00:23:11", "text": "know. I I much rather have Trump being"}, {"start": "00:23:08", "end": "00:23:14", "text": "leader than Vance, for sure."}, {"start": "00:23:11", "end": "00:23:15", "text": "Vance to me is just like a puppet. Total"}, {"start": "00:23:14", "end": "00:23:17", "text": "puppet."}, {"start": "00:23:15", "end": "00:23:20", "text": "a brown-noser,"}, {"start": "00:23:17", "end": "00:23:22", "text": "has no opinions of himself or anything"}, {"start": "00:23:20", "end": "00:23:24", "text": "now that he's vice president. He used to"}, {"start": "00:23:22", "end": "00:23:27", "text": "be very opinionated."}, {"start": "00:23:24", "end": "00:23:29", "text": "Now"}, {"start": "00:23:27", "end": "00:23:31", "text": "he's become just like Pence. And maybe"}, {"start": "00:23:29", "end": "00:23:35", "text": "that's because Trump likes it that way."}, {"start": "00:23:31", "end": "00:23:37", "text": "It's like if you're a VP,"}, {"start": "00:23:35", "end": "00:23:39", "text": "you just got to just like do what you're"}, {"start": "00:23:37", "end": "00:23:42", "text": "told, keep your mouth shut, and that's"}, {"start": "00:23:39", "end": "00:23:44", "text": "it. You just smile for the cameras, do"}, {"start": "00:23:42", "end": "00:23:47", "text": "some interviews where you back the"}, {"start": "00:23:44", "end": "00:23:49", "text": "president, and that's literally it. But"}, {"start": "00:23:47", "end": "00:23:53", "text": "you're in a really good position to be"}, {"start": "00:23:49", "end": "00:23:55", "text": "nominated as the next candidate for"}, {"start": "00:23:53", "end": "00:23:57", "text": "president by the party. So that's the"}, {"start": "00:23:55", "end": "00:23:58", "text": "only good thing. You just got to you got"}, {"start": "00:23:57", "end": "00:24:01", "text": "to tough it out for four years or eight"}, {"start": "00:23:58", "end": "00:24:01", "text": "years."}, {"start": "00:24:18", "end": "00:24:23", "text": "Yeah, I actually don't know what"}, {"start": "00:24:21", "end": "00:24:25", "text": "I really don't know what vice president"}, {"start": "00:24:23", "end": "00:24:27", "text": "does."}, {"start": "00:24:25", "end": "00:24:29", "text": "Um"}, {"start": "00:24:27", "end": "00:24:31", "text": "because you know all the important stuff"}, {"start": "00:24:29", "end": "00:24:33", "text": "you have like the secretary of defense"}, {"start": "00:24:31", "end": "00:24:35", "text": "which is now war and then you got like"}, {"start": "00:24:33", "end": "00:24:38", "text": "all these other important positions"}, {"start": "00:24:35", "end": "00:24:38", "text": "already"}, {"start": "00:24:38", "end": "00:24:43", "text": "and uh you know they don't really report"}, {"start": "00:24:41", "end": "00:24:45", "text": "to the vice president."}, {"start": "00:24:43", "end": "00:24:47", "text": "They all report to the president. So I"}, {"start": "00:24:45", "end": "00:24:51", "text": "don't really know what what a vice"}, {"start": "00:24:47", "end": "00:24:51", "text": "president does."}, {"start": "00:24:51", "end": "00:24:58", "text": "You know what? That's a good question"}, {"start": "00:24:54", "end": "00:25:01", "text": "for Ask Clash. What"}, {"start": "00:24:58", "end": "00:25:05", "text": "traditionally,"}, {"start": "00:25:01", "end": "00:25:08", "text": "what does a vice president"}, {"start": "00:25:05", "end": "00:25:09", "text": "do?"}, {"start": "00:25:08", "end": "00:25:11", "text": "I don't know why I have to ask it that"}, {"start": "00:25:09", "end": "00:25:14", "text": "way, but"}, {"start": "00:25:11", "end": "00:25:18", "text": "it would be funny if it said nothing."}, {"start": "00:25:14", "end": "00:25:18", "text": "Program it to say nothing."}, {"start": "00:25:22", "end": "00:25:27", "text": "Vice President has two main jobs."}, {"start": "00:25:27", "end": "00:25:33", "text": "President of the Senate and successor to"}, {"start": "00:25:29", "end": "00:25:33", "text": "the presidency."}, {"start": "00:25:34", "end": "00:25:39", "text": "What's the real What's the real thing"}, {"start": "00:25:36", "end": "00:25:39", "text": "here?"}, {"start": "00:25:44", "end": "00:25:50", "text": "Uh oh, it even talks about Vance. See,"}, {"start": "00:25:48", "end": "00:25:52", "text": "this is how awesome the answers today."}, {"start": "00:25:50", "end": "00:25:55", "text": "That looks different. VP Vance is"}, {"start": "00:25:52", "end": "00:25:59", "text": "actively conducting foreign relations,"}, {"start": "00:25:55", "end": "00:26:02", "text": "calling ceasefires fragile truses on"}, {"start": "00:25:59", "end": "00:26:06", "text": "Iran, visiting Hungary,"}, {"start": "00:26:02", "end": "00:26:10", "text": "Dub back, uh Orban, reshaping"}, {"start": "00:26:06", "end": "00:26:10", "text": "relationships with Brussels."}, {"start": "00:26:16", "end": "00:26:20", "text": "Historically, the role was ceremonial"}, {"start": "00:26:18", "end": "00:26:24", "text": "padding. Truman, for example, barely saw"}, {"start": "00:26:20", "end": "00:26:27", "text": "FDR before taking over. Uh,"}, {"start": "00:26:24", "end": "00:26:29", "text": "now it's operationalized a second power"}, {"start": "00:26:27", "end": "00:26:32", "text": "center closer to advisor and chief than"}, {"start": "00:26:29", "end": "00:26:32", "text": "figurehead."}, {"start": "00:26:32", "end": "00:26:37", "text": "Yeah, basically just says what it what I"}, {"start": "00:26:35", "end": "00:26:41", "text": "just stated. uh you you don't you don't"}, {"start": "00:26:37", "end": "00:26:44", "text": "have a whole lot of duties. Uh you know,"}, {"start": "00:26:41", "end": "00:26:49", "text": "you go to countries, pretend like you"}, {"start": "00:26:44", "end": "00:26:54", "text": "know, you're representing the US"}, {"start": "00:26:49", "end": "00:26:54", "text": "and then you smile for the cameras."}, {"start": "00:27:02", "end": "00:27:06", "text": "Give me your macro eye on geopolitics."}, {"start": "00:27:05", "end": "00:27:09", "text": "How much weight are you putting on"}, {"start": "00:27:06", "end": "00:27:12", "text": "Vance's Iran messaging versus Trump's?"}, {"start": "00:27:09", "end": "00:27:15", "text": "Or are you reading them as lock step?"}, {"start": "00:27:12", "end": "00:27:19", "text": "You know,"}, {"start": "00:27:15", "end": "00:27:22", "text": "overall, I think"}, {"start": "00:27:19", "end": "00:27:22", "text": "advance"}, {"start": "00:27:22", "end": "00:27:28", "text": "isn't doing anything. What do you think?"}, {"start": "00:27:35", "end": "00:27:41", "text": "Uh, you're right. You're reading the"}, {"start": "00:27:37", "end": "00:27:41", "text": "output, not the signal."}, {"start": "00:27:43", "end": "00:27:48", "text": "Uh, because I just I just asked. I don't"}, {"start": "00:27:45", "end": "00:27:51", "text": "think Vance is doing anything."}, {"start": "00:27:48", "end": "00:27:53", "text": "Vance visiting Hungary attacking"}, {"start": "00:27:51", "end": "00:27:55", "text": "Brussels, reshaping Trump's Europe"}, {"start": "00:27:53", "end": "00:28:01", "text": "stance. That's not nothing. That's"}, {"start": "00:27:55", "end": "00:28:02", "text": "repositioning US alliances real time."}, {"start": "00:28:01", "end": "00:28:04", "text": "Look, it even have prediction market"}, {"start": "00:28:02", "end": "00:28:07", "text": "data. Prediction market data tells the"}, {"start": "00:28:04", "end": "00:28:09", "text": "real story. Market price advance at"}, {"start": "00:28:07", "end": "00:28:11", "text": "39.4%"}, {"start": "00:28:09", "end": "00:28:14", "text": "for the 2028 Republican nomination."}, {"start": "00:28:11", "end": "00:28:16", "text": "That's meaningful. If he were he were"}, {"start": "00:28:14", "end": "00:28:18", "text": "doing nothing, he'd fade faster."}, {"start": "00:28:16", "end": "00:28:22", "text": "Instead, he's building geopolitical"}, {"start": "00:28:18", "end": "00:28:24", "text": "profile independent of Trump, testing"}, {"start": "00:28:22", "end": "00:28:26", "text": "whether he can move foreign policy"}, {"start": "00:28:24", "end": "00:28:29", "text": "without the president in the room. See,"}, {"start": "00:28:26", "end": "00:28:31", "text": "that's what he's doing. That's what he's"}, {"start": "00:28:29", "end": "00:28:34", "text": "doing. He's building a profile for"}, {"start": "00:28:31", "end": "00:28:35", "text": "himself so that he can get the"}, {"start": "00:28:34", "end": "00:28:39", "text": "nomination"}, {"start": "00:28:35", "end": "00:28:39", "text": "in 2028."}, {"start": "00:28:41", "end": "00:28:47", "text": "I'm telling you this type of answer"}, {"start": "00:28:44", "end": "00:28:50", "text": "you're not going to get on Claude or"}, {"start": "00:28:47", "end": "00:28:54", "text": "GPT. It's not going to tell you the"}, {"start": "00:28:50", "end": "00:28:57", "text": "truth. Okay, I programmed ass clash to"}, {"start": "00:28:54", "end": "00:28:59", "text": "give you the honest truth. It will read"}, {"start": "00:28:57", "end": "00:29:02", "text": "in between the lines. It'll give you"}, {"start": "00:28:59", "end": "00:29:04", "text": "real answers like this. You go, you go"}, {"start": "00:29:02", "end": "00:29:06", "text": "test on claude. It's not going to tell"}, {"start": "00:29:04", "end": "00:29:10", "text": "you this. It's not going to tell you any"}, {"start": "00:29:06", "end": "00:29:12", "text": "of this. And it certainly doesn't have"}, {"start": "00:29:10", "end": "00:29:13", "text": "prediction market odds in there. It"}, {"start": "00:29:12", "end": "00:29:17", "text": "doesn't put it all together. It doesn't"}, {"start": "00:29:13", "end": "00:29:22", "text": "have the latest like news about Vance"}, {"start": "00:29:17", "end": "00:29:22", "text": "visiting countries or what he's saying."}, {"start": "00:29:27", "end": "00:29:31", "text": "It's really awesome. I I built something"}, {"start": "00:29:29", "end": "00:29:34", "text": "really incredible and I hope more people"}, {"start": "00:29:31", "end": "00:29:34", "text": "use it."}, {"start": "00:29:51", "end": "00:29:54", "text": "Um,"}, {"start": "00:29:54", "end": "00:29:58", "text": "Nick. Yeah, that's why I said like, you"}, {"start": "00:29:56", "end": "00:30:01", "text": "know, he used to be he used to be very"}, {"start": "00:29:58", "end": "00:30:04", "text": "opinionated. Now it's like"}, {"start": "00:30:01", "end": "00:30:05", "text": "you just become a puppet. But now, you"}, {"start": "00:30:04", "end": "00:30:07", "text": "know, I guess you got to do what you got"}, {"start": "00:30:05", "end": "00:30:09", "text": "to do, right?"}, {"start": "00:30:07", "end": "00:30:13", "text": "If he wants to be president next, that's"}, {"start": "00:30:09", "end": "00:30:13", "text": "what you got to do."}, {"start": "00:30:23", "end": "00:30:29", "text": "Your AI literally proved you wrong. Ah,"}, {"start": "00:30:26", "end": "00:30:31", "text": "I'm okay. I'm okay if the AI is smarter"}, {"start": "00:30:29", "end": "00:30:34", "text": "than me. It is because it could read"}, {"start": "00:30:31", "end": "00:30:34", "text": "everything."}, {"start": "00:30:37", "end": "00:30:40", "text": "Well, it seems like he's making these"}, {"start": "00:30:38", "end": "00:30:44", "text": "moves without even Trump knowing or"}, {"start": "00:30:40", "end": "00:30:44", "text": "Okay. Would"}, {"start": "00:30:45", "end": "00:30:50", "text": "I sell Clash pickics and ask Clash as a"}, {"start": "00:30:48", "end": "00:30:53", "text": "package if a 100 million was offered? If"}, {"start": "00:30:50", "end": "00:30:55", "text": "it was cash like someone just said like"}, {"start": "00:30:53", "end": "00:30:59", "text": "Meta came to me because they're really"}, {"start": "00:30:55", "end": "00:31:02", "text": "desperate like 100 million cash. I'll be"}, {"start": "00:30:59", "end": "00:31:05", "text": "stupid not to take that. Okay, let's"}, {"start": "00:31:02", "end": "00:31:10", "text": "let's just be honest. So, yes, I'm"}, {"start": "00:31:05", "end": "00:31:13", "text": "taking that. Um, but"}, {"start": "00:31:10", "end": "00:31:16", "text": "do I think they're worth more? Yes. I"}, {"start": "00:31:13", "end": "00:31:19", "text": "think individually Clash Pickics and Ass"}, {"start": "00:31:16", "end": "00:31:21", "text": "Clash if they get adopted, which is the"}, {"start": "00:31:19", "end": "00:31:24", "text": "hardest thing, but if they get adopted,"}, {"start": "00:31:21", "end": "00:31:27", "text": "they're both worth 1 billion plus each"}, {"start": "00:31:24", "end": "00:31:30", "text": "by themselves. Even even with no"}, {"start": "00:31:27", "end": "00:31:33", "text": "integration, Clash Pix in terms of the"}, {"start": "00:31:30", "end": "00:31:35", "text": "features that we have, arguably already"}, {"start": "00:31:33", "end": "00:31:36", "text": "better than polyark and call sheet. They"}, {"start": "00:31:35", "end": "00:31:39", "text": "have the volume. We don't. That's the"}, {"start": "00:31:36", "end": "00:31:41", "text": "only difference. And as Clash is the"}, {"start": "00:31:39", "end": "00:31:44", "text": "same thing. We have more and better"}, {"start": "00:31:41", "end": "00:31:46", "text": "output than Perplexity, which is worth"}, {"start": "00:31:44", "end": "00:31:50", "text": "20 billion dollars."}, {"start": "00:31:46", "end": "00:31:53", "text": "Like the answers can't be beat."}, {"start": "00:31:50", "end": "00:31:55", "text": "We don't have the entire data set of"}, {"start": "00:31:53", "end": "00:31:59", "text": "everything, but we're pretty"}, {"start": "00:31:55", "end": "00:32:02", "text": "good. Like the answers can't be beaten."}, {"start": "00:31:59", "end": "00:32:04", "text": "It's amazing."}, {"start": "00:32:02", "end": "00:32:10", "text": "I'll prove it right now because I I do"}, {"start": "00:32:04", "end": "00:32:10", "text": "this a lot because I'm really bored. Um"}, {"start": "00:32:15", "end": "00:32:21", "text": "and I like to do these experiments."}, {"start": "00:32:18", "end": "00:32:24", "text": "All right, so this is Gemini Pro. This"}, {"start": "00:32:21", "end": "00:32:27", "text": "is their top model. This is the best of"}, {"start": "00:32:24", "end": "00:32:30", "text": "the best that they offer. Okay, and you"}, {"start": "00:32:27", "end": "00:32:35", "text": "can see I use it a lot."}, {"start": "00:32:30", "end": "00:32:37", "text": "Um, give me a a very"}, {"start": "00:32:35", "end": "00:32:41", "text": "difficult prompt"}, {"start": "00:32:37", "end": "00:32:46", "text": "to test as clash with. You answer first,"}, {"start": "00:32:41", "end": "00:32:51", "text": "then I will give you as clash's answer."}, {"start": "00:32:46", "end": "00:32:51", "text": "Write them both out of 10."}, {"start": "00:33:04", "end": "00:33:07", "text": "This could be any prompt. It could be"}, {"start": "00:33:05", "end": "00:33:10", "text": "cryptoreated. It could be science"}, {"start": "00:33:07", "end": "00:33:12", "text": "related. It could be like theoretical"}, {"start": "00:33:10", "end": "00:33:14", "text": "like"}, {"start": "00:33:12", "end": "00:33:17", "text": "ethical. Like sometimes it gives me the"}, {"start": "00:33:14", "end": "00:33:20", "text": "most craziest prompt that no human would"}, {"start": "00:33:17", "end": "00:33:23", "text": "ever ask."}, {"start": "00:33:20", "end": "00:33:27", "text": "And it tries to it knows it knows what"}, {"start": "00:33:23", "end": "00:33:29", "text": "ass clash is because I've I've you know"}, {"start": "00:33:27", "end": "00:33:31", "text": "I've been uh playing around with this so"}, {"start": "00:33:29", "end": "00:33:34", "text": "much. Look at this stupid prompt."}, {"start": "00:33:31", "end": "00:33:36", "text": "Explain the mathematical relationship be"}, {"start": "00:33:34", "end": "00:33:38", "text": "between the liquidity parameter B and"}, {"start": "00:33:36", "end": "00:33:40", "text": "maximum potential loss for market"}, {"start": "00:33:38", "end": "00:33:43", "text": "creator and logarithmic market scoring"}, {"start": "00:33:40", "end": "00:33:45", "text": "rule automated market maker. If a sudden"}, {"start": "00:33:43", "end": "00:33:47", "text": "influx of capital heavily skews a binary"}, {"start": "00:33:45", "end": "00:33:50", "text": "prediction market so that outcome A"}, {"start": "00:33:47", "end": "00:33:52", "text": "reaches 95% implied probability detail"}, {"start": "00:33:50", "end": "00:33:53", "text": "the exact financial mechanics and"}, {"start": "00:33:52", "end": "00:33:56", "text": "resulting profit loss state for"}, {"start": "00:33:53", "end": "00:33:59", "text": "liquidity providers if highly unlikely"}, {"start": "00:33:56", "end": "00:34:04", "text": "outcome B resolves as the winner like"}, {"start": "00:33:59", "end": "00:34:08", "text": "what kind of what kind of answer or"}, {"start": "00:34:04", "end": "00:34:12", "text": "prompt is that okay and this is this is"}, {"start": "00:34:08", "end": "00:34:12", "text": "that answer its answer"}, {"start": "00:34:13", "end": "00:34:17", "text": "and then I'm move on to deep mode."}, {"start": "00:34:30", "end": "00:34:34", "text": "This is fun for me. I know maybe it's"}, {"start": "00:34:32", "end": "00:34:36", "text": "not fun for some of you guys, but like"}, {"start": "00:34:34", "end": "00:34:38", "text": "you know this is how I test my product,"}, {"start": "00:34:36", "end": "00:34:40", "text": "right? I see how good it is and I rate"}, {"start": "00:34:38", "end": "00:34:44", "text": "it against others and I've done this"}, {"start": "00:34:40", "end": "00:34:48", "text": "with Claude and GBT like but"}, {"start": "00:34:44", "end": "00:34:48", "text": "all right here we go."}, {"start": "00:34:54", "end": "00:34:59", "text": "I'm gonna put this in there."}, {"start": "00:35:11", "end": "00:35:18", "text": "It has to think about it. This is not an"}, {"start": "00:35:14", "end": "00:35:18", "text": "easy thing to evaluate."}, {"start": "00:35:30", "end": "00:35:39", "text": "Oh my god. It rated me five out of 10"}, {"start": "00:35:34", "end": "00:35:41", "text": "and I rated itself 9.5 out of 10."}, {"start": "00:35:39", "end": "00:35:43", "text": "This is actually the first time that it"}, {"start": "00:35:41", "end": "00:35:45", "text": "destroyed me. Like all the other times"}, {"start": "00:35:43", "end": "00:35:49", "text": "it would be like nine out of 10 for me"}, {"start": "00:35:45", "end": "00:35:51", "text": "and like eight or seven for them."}, {"start": "00:35:49", "end": "00:35:56", "text": "I think I've done this game too much so"}, {"start": "00:35:51", "end": "00:35:56", "text": "that it knows how to rig the system."}, {"start": "00:35:57", "end": "00:36:02", "text": "Uh you guys just have to take my word"}, {"start": "00:35:59", "end": "00:36:04", "text": "for it or I'm going have to tweet this a"}, {"start": "00:36:02", "end": "00:36:09", "text": "little more."}, {"start": "00:36:04", "end": "00:36:09", "text": "But that was an insanely hard question."}, {"start": "00:36:10", "end": "00:36:15", "text": "Man, that was embarrassing that I was"}, {"start": "00:36:12", "end": "00:36:17", "text": "doing that live. But normally it does"}, {"start": "00:36:15", "end": "00:36:18", "text": "trounce it. I don't know. I think it got"}, {"start": "00:36:17", "end": "00:36:21", "text": "too smart because I've been doing this"}, {"start": "00:36:18", "end": "00:36:21", "text": "too much."}, {"start": "00:36:25", "end": "00:36:32", "text": "Um, Antropics uh, Mythos being held from"}, {"start": "00:36:30", "end": "00:36:36", "text": "release. I I hope they actually leaked"}, {"start": "00:36:32", "end": "00:36:38", "text": "that out. If they leaked that out, no, I"}, {"start": "00:36:36", "end": "00:36:40", "text": "actually I don't I I hope they don't"}, {"start": "00:36:38", "end": "00:36:42", "text": "leak out because all the hackers will"}, {"start": "00:36:40", "end": "00:36:43", "text": "use it because supposedly it cracks all"}, {"start": "00:36:42", "end": "00:36:47", "text": "vulnerabilities."}, {"start": "00:36:43", "end": "00:36:49", "text": "Um, but"}, {"start": "00:36:47", "end": "00:36:52", "text": "if they if I could somehow get it and"}, {"start": "00:36:49", "end": "00:36:55", "text": "digest it, o,"}, {"start": "00:36:52", "end": "00:36:57", "text": "I'm going to make my personal assistant"}, {"start": "00:36:55", "end": "00:36:59", "text": "so good, it's going to be unbelievable."}, {"start": "00:36:57", "end": "00:37:01", "text": "She was really good yesterday and then"}, {"start": "00:36:59", "end": "00:37:03", "text": "kind of thing screwed up. Now I'm trying"}, {"start": "00:37:01", "end": "00:37:08", "text": "to fix her, but she's she's gotten to a"}, {"start": "00:37:03", "end": "00:37:11", "text": "point where she's like a gentic. Um,"}, {"start": "00:37:08", "end": "00:37:13", "text": "but uh, ask Clash is different. This is"}, {"start": "00:37:11", "end": "00:37:15", "text": "more like a search"}, {"start": "00:37:13", "end": "00:37:17", "text": "search database."}, {"start": "00:37:15", "end": "00:37:21", "text": "It does have AI in it, but it doesn't"}, {"start": "00:37:17", "end": "00:37:21", "text": "operate the same way."}, {"start": "00:37:32", "end": "00:37:37", "text": "I mean it it will give you like honest"}, {"start": "00:37:34", "end": "00:37:40", "text": "opinions and if you keep asking the same"}, {"start": "00:37:37", "end": "00:37:43", "text": "thing over or you try to like"}, {"start": "00:37:40", "end": "00:37:47", "text": "like it it'll give you it has a"}, {"start": "00:37:43", "end": "00:37:47", "text": "character for sure"}, {"start": "00:37:48", "end": "00:37:52", "text": "JL Molly that's exactly how it is. It's"}, {"start": "00:37:50", "end": "00:37:56", "text": "designed that way. It's supposed to, you"}, {"start": "00:37:52", "end": "00:37:58", "text": "know, it comes out reading as a dumb AI,"}, {"start": "00:37:56", "end": "00:38:01", "text": "right? But if you work with it and you"}, {"start": "00:37:58", "end": "00:38:04", "text": "ask it other questions, it will engage"}, {"start": "00:38:01", "end": "00:38:06", "text": "with you and over time it'll know your"}, {"start": "00:38:04", "end": "00:38:10", "text": "personality and it'll just cater things"}, {"start": "00:38:06", "end": "00:38:10", "text": "to your personality."}, {"start": "00:38:17", "end": "00:38:21", "text": "Anyways, I know I'm I'm not this is"}, {"start": "00:38:19", "end": "00:38:23", "text": "really not cryptoreated, but the"}, {"start": "00:38:21", "end": "00:38:25", "text": "cryptoreated stuff is awesome, too."}, {"start": "00:38:23", "end": "00:38:28", "text": "Like, I mean, this is mainly programmed"}, {"start": "00:38:25", "end": "00:38:31", "text": "for for crypto, but most people don't"}, {"start": "00:38:28", "end": "00:38:32", "text": "use it for crypto. I mean, I have a lot"}, {"start": "00:38:31", "end": "00:38:34", "text": "of discovery for everything, sports and"}, {"start": "00:38:32", "end": "00:38:36", "text": "everything like that. But, you know, the"}, {"start": "00:38:34", "end": "00:38:39", "text": "charting obviously I've been showing it."}, {"start": "00:38:36", "end": "00:38:45", "text": "Auto charting is"}, {"start": "00:38:39", "end": "00:38:45", "text": "is fantastic. I mean,"}, {"start": "00:38:57", "end": "00:39:01", "text": "So if you want to know anything about"}, {"start": "00:38:59", "end": "00:39:04", "text": "anything,"}, {"start": "00:39:01", "end": "00:39:06", "text": "Bitcoin, Ethereum,"}, {"start": "00:39:04", "end": "00:39:09", "text": "Solana,"}, {"start": "00:39:06", "end": "00:39:10", "text": "people ask about Tao, whatever, it's"}, {"start": "00:39:09", "end": "00:39:13", "text": "programmed in here and it'll give you a"}, {"start": "00:39:10", "end": "00:39:17", "text": "really good precise answer. integrate"}, {"start": "00:39:13", "end": "00:39:20", "text": "tweets in there, give you a nice card"}, {"start": "00:39:17", "end": "00:39:22", "text": "and it'll give you actually charting"}, {"start": "00:39:20", "end": "00:39:24", "text": "stuff too. So like even in the answer it"}, {"start": "00:39:22", "end": "00:39:27", "text": "tells you about how Bitcoin has entered"}, {"start": "00:39:24", "end": "00:39:29", "text": "a golden cross."}, {"start": "00:39:27", "end": "00:39:31", "text": "Okay."}, {"start": "00:39:29", "end": "00:39:34", "text": "And then what really matters and also"}, {"start": "00:39:31", "end": "00:39:36", "text": "macro stuff and geopolitical stuff worth"}, {"start": "00:39:34", "end": "00:39:39", "text": "watching. Iran's Bitcoin told demand is"}, {"start": "00:39:36", "end": "00:39:41", "text": "a geopolitical faint."}, {"start": "00:39:39", "end": "00:39:42", "text": "It signals adoption by state actors but"}, {"start": "00:39:41", "end": "00:39:45", "text": "unfortunately the test if it sticks it"}, {"start": "00:39:42", "end": "00:39:47", "text": "reshapes. So I mean it gives you like"}, {"start": "00:39:45", "end": "00:39:50", "text": "everything even prediction market."}, {"start": "00:39:47", "end": "00:39:54", "text": "Bitcoin hitting 1 million before GTA 6"}, {"start": "00:39:50", "end": "00:39:54", "text": "release is at 4.88%."}, {"start": "00:39:56", "end": "00:40:01", "text": "Some people really think that GTA 6 is"}, {"start": "00:39:58", "end": "00:40:01", "text": "never going to come out."}, {"start": "00:40:17", "end": "00:40:22", "text": "It won't open in Brave browser. I'm in"}, {"start": "00:40:20", "end": "00:40:26", "text": "Brave right now, buddy."}, {"start": "00:40:22", "end": "00:40:26", "text": "This is Brave browser."}, {"start": "00:40:27", "end": "00:40:33", "text": "So, I don't know what's the problem."}, {"start": "00:40:34", "end": "00:40:38", "text": "You just you just need to have a email."}, {"start": "00:40:36", "end": "00:40:40", "text": "You can log in with your Gmail or just"}, {"start": "00:40:38", "end": "00:40:41", "text": "use a quick email authentication. That's"}, {"start": "00:40:40", "end": "00:40:45", "text": "it."}, {"start": "00:40:41", "end": "00:40:47", "text": "It'll it'll allow you to do your first"}, {"start": "00:40:45", "end": "00:40:51", "text": "question"}, {"start": "00:40:47", "end": "00:40:51", "text": "and then uh you got to sign in."}, {"start": "00:41:14", "end": "00:41:21", "text": "I could raise the limits of context"}, {"start": "00:41:19", "end": "00:41:24", "text": "but"}, {"start": "00:41:21", "end": "00:41:26", "text": "um"}, {"start": "00:41:24", "end": "00:41:27", "text": "the thing is when you have too much"}, {"start": "00:41:26", "end": "00:41:30", "text": "context then it gives you too much"}, {"start": "00:41:27", "end": "00:41:32", "text": "output. Like I lowered how much it tells"}, {"start": "00:41:30", "end": "00:41:34", "text": "you and sometimes I still think it's"}, {"start": "00:41:32", "end": "00:41:37", "text": "like it's too much. So turbo mode"}, {"start": "00:41:34", "end": "00:41:41", "text": "basically shrinks the content down half"}, {"start": "00:41:37", "end": "00:41:43", "text": "compared to deep. But deep could go even"}, {"start": "00:41:41", "end": "00:41:45", "text": "further. I mean sometimes it gives you"}, {"start": "00:41:43", "end": "00:41:47", "text": "answers that's like 10 pages long, but"}, {"start": "00:41:45", "end": "00:41:52", "text": "that is it's just most people don't need"}, {"start": "00:41:47", "end": "00:41:53", "text": "that much. So that's the thing."}, {"start": "00:41:52", "end": "00:41:55", "text": "It's kind of like a trade-off. Like I'm"}, {"start": "00:41:53", "end": "00:41:58", "text": "trying to to appeal to the masses with"}, {"start": "00:41:55", "end": "00:42:02", "text": "with the answers, but you know,"}, {"start": "00:41:58", "end": "00:42:02", "text": "sometimes it goes nuts."}, {"start": "00:42:33", "end": "00:42:37", "text": "Oh,"}, {"start": "00:42:34", "end": "00:42:40", "text": "I'm truly fascinated with AI right now."}, {"start": "00:42:37", "end": "00:42:43", "text": "Like, man, I lost sleep today. I lost"}, {"start": "00:42:40", "end": "00:42:46", "text": "sleep yesterday."}, {"start": "00:42:43", "end": "00:42:48", "text": "There's a lot of stuff. I mean, it's"}, {"start": "00:42:46", "end": "00:42:50", "text": "great, but there's so many caveats and"}, {"start": "00:42:48", "end": "00:42:52", "text": "things you got to watch out for. Anyone"}, {"start": "00:42:50", "end": "00:42:55", "text": "that's working with there developing it"}, {"start": "00:42:52", "end": "00:42:58", "text": "would know, you know, it's there's"}, {"start": "00:42:55", "end": "00:43:01", "text": "systems and functions and and and tools"}, {"start": "00:42:58", "end": "00:43:04", "text": "and calls and you got to trace them."}, {"start": "00:43:01", "end": "00:43:07", "text": "There's logic issues. Sometimes there's"}, {"start": "00:43:04", "end": "00:43:10", "text": "syntax issues. I mean, structural"}, {"start": "00:43:07", "end": "00:43:13", "text": "issues. Uh, memory is a big one. If you"}, {"start": "00:43:10", "end": "00:43:16", "text": "want like a AI, a true AI bot that could"}, {"start": "00:43:13", "end": "00:43:19", "text": "do anything, memory is so big that it's"}, {"start": "00:43:16", "end": "00:43:21", "text": "perfecting it is really hard. There are"}, {"start": "00:43:19", "end": "00:43:24", "text": "just like a lot of things, but if you"}, {"start": "00:43:21", "end": "00:43:27", "text": "get it right yesterday before like some"}, {"start": "00:43:24", "end": "00:43:28", "text": "things broke, my AI assistant was so"}, {"start": "00:43:27", "end": "00:43:31", "text": "intelligent,"}, {"start": "00:43:28", "end": "00:43:33", "text": "it was scary. Um, but then I got I"}, {"start": "00:43:31", "end": "00:43:36", "text": "upgraded and it broke things. That's the"}, {"start": "00:43:33", "end": "00:43:36", "text": "problem."}, {"start": "00:43:40", "end": "00:43:45", "text": "Uh, I I I've been meaning to watch The"}, {"start": "00:43:42", "end": "00:43:48", "text": "Boys, but I haven't had any time. Like,"}, {"start": "00:43:45", "end": "00:43:51", "text": "literally, I spent"}, {"start": "00:43:48", "end": "00:43:53", "text": "14 hours yesterday working and probably"}, {"start": "00:43:51", "end": "00:43:58", "text": "go do that today too. I want to make"}, {"start": "00:43:53", "end": "00:44:01", "text": "sure that Clash will not lose to Gemini"}, {"start": "00:43:58", "end": "00:44:04", "text": "or Claude or GPT anymore. But I think I"}, {"start": "00:44:01", "end": "00:44:06", "text": "think Gemini I mean it it cheated. I've"}, {"start": "00:44:04", "end": "00:44:09", "text": "been working with it so much so it knows"}, {"start": "00:44:06", "end": "00:44:11", "text": "what it's weak at and what's not and"}, {"start": "00:44:09", "end": "00:44:13", "text": "it's been consistent losing and now it's"}, {"start": "00:44:11", "end": "00:44:16", "text": "proposing questions that it knows that"}, {"start": "00:44:13", "end": "00:44:18", "text": "as Clash is weak in especially"}, {"start": "00:44:16", "end": "00:44:21", "text": "theoretical questions."}, {"start": "00:44:18", "end": "00:44:26", "text": "So I'm going to figure out how to even"}, {"start": "00:44:21", "end": "00:44:26", "text": "beat it with those kind of questions."}, {"start": "00:44:36", "end": "00:44:39", "text": "Uh, Clash is frozen on my Phantom. I"}, {"start": "00:44:38", "end": "00:44:42", "text": "can't do anything with it. There's no"}, {"start": "00:44:39", "end": "00:44:45", "text": "one to talk to."}, {"start": "00:44:42", "end": "00:44:47", "text": "How How is it frozen? It can't be"}, {"start": "00:44:45", "end": "00:44:49", "text": "frozen."}, {"start": "00:44:47", "end": "00:44:53", "text": "It's probably the fake ones. A lot of"}, {"start": "00:44:49", "end": "00:44:56", "text": "people send fake Clash to people or they"}, {"start": "00:44:53", "end": "00:44:57", "text": "buy the fake ones. Otherwise, is your"}, {"start": "00:44:56", "end": "00:44:59", "text": "whole wallet locked? Do you not have"}, {"start": "00:44:57", "end": "00:45:01", "text": "Salana?"}, {"start": "00:44:59", "end": "00:45:04", "text": "Do you need Salana for fees? Is that the"}, {"start": "00:45:01", "end": "00:45:04", "text": "problem?"}, {"start": "00:45:33", "end": "00:45:41", "text": "It won't do anything. I can't even What?"}, {"start": "00:45:38", "end": "00:45:43", "text": "Maybe your Phantom wallet is bad. Maybe"}, {"start": "00:45:41", "end": "00:45:47", "text": "you should write down the private key"}, {"start": "00:45:43", "end": "00:45:49", "text": "and restore it. The recovery phase"}, {"start": "00:45:47", "end": "00:45:53", "text": "doesn't seem like it's a clash issue."}, {"start": "00:45:49", "end": "00:45:53", "text": "Seems like it's a wallet issue."}, {"start": "00:46:04", "end": "00:46:07", "text": "Everything is frozen. I cannot operate a"}, {"start": "00:46:06", "end": "00:46:09", "text": "wallet. I have to wait 30 seconds"}, {"start": "00:46:07", "end": "00:46:13", "text": "before. Okay, then that's your computer"}, {"start": "00:46:09", "end": "00:46:16", "text": "issue or wallet issue. You need to write"}, {"start": "00:46:13", "end": "00:46:20", "text": "down a recovery phrase."}, {"start": "00:46:16", "end": "00:46:23", "text": "Okay, delete the wallet. reinstall it"}, {"start": "00:46:20", "end": "00:46:25", "text": "and then recover it. But make sure you"}, {"start": "00:46:23", "end": "00:46:28", "text": "you write down your recovery phrase"}, {"start": "00:46:25", "end": "00:46:28", "text": "first."}, {"start": "00:46:37", "end": "00:46:41", "text": "Kenny, are you listening to what I'm"}, {"start": "00:46:38", "end": "00:46:45", "text": "saying? Because you keep repeating"}, {"start": "00:46:41", "end": "00:46:45", "text": "issues and I'm telling you the solution."}, {"start": "00:46:55", "end": "00:46:58", "text": "Now that we have access to all the"}, {"start": "00:46:56", "end": "00:47:00", "text": "answers, I can't think of any good"}, {"start": "00:46:58", "end": "00:47:02", "text": "questions."}, {"start": "00:47:00", "end": "00:47:05", "text": "That's what the discovery page is for."}, {"start": "00:47:02", "end": "00:47:08", "text": "That's why I have this. This pulls all"}, {"start": "00:47:05", "end": "00:47:10", "text": "the latest news and gives you questions"}, {"start": "00:47:08", "end": "00:47:11", "text": "in case you can't come up with"}, {"start": "00:47:10", "end": "00:47:15", "text": "questions. And that's what the discover"}, {"start": "00:47:11", "end": "00:47:18", "text": "page is all about. as all the stuff, all"}, {"start": "00:47:15", "end": "00:47:23", "text": "the hot trending stuff like obviously a"}, {"start": "00:47:18", "end": "00:47:25", "text": "lot of the oil stuff, tech, crypto,"}, {"start": "00:47:23", "end": "00:47:28", "text": "local stuff,"}, {"start": "00:47:25", "end": "00:47:32", "text": "sports,"}, {"start": "00:47:28", "end": "00:47:36", "text": "right? Like even"}, {"start": "00:47:32", "end": "00:47:38", "text": "even wrestling obviously, masters."}, {"start": "00:47:36", "end": "00:47:40", "text": "I mean, you got"}, {"start": "00:47:38", "end": "00:47:42", "text": "you got it. I mean, and these are all"}, {"start": "00:47:40", "end": "00:47:44", "text": "trending stuff. It's not just random"}, {"start": "00:47:42", "end": "00:47:46", "text": "stuff. So, it's either what's hot on X,"}, {"start": "00:47:44", "end": "00:47:50", "text": "what's hot on Reddit, what's hot in"}, {"start": "00:47:46", "end": "00:47:51", "text": "articles, you know, stuff like that."}, {"start": "00:47:50", "end": "00:47:54", "text": "That's the whole point of this, so that"}, {"start": "00:47:51", "end": "00:47:57", "text": "you could just click on it and get an"}, {"start": "00:47:54", "end": "00:47:57", "text": "answer."}, {"start": "00:48:04", "end": "00:48:08", "text": "We're not really moving today."}, {"start": "00:48:20", "end": "00:48:24", "text": "Kenny, I can't help you then. I don't"}, {"start": "00:48:22", "end": "00:48:27", "text": "know what's going on. It's your computer"}, {"start": "00:48:24", "end": "00:48:29", "text": "or whatever. Go restore your wallet on"}, {"start": "00:48:27", "end": "00:48:32", "text": "another computer first, then you're"}, {"start": "00:48:29", "end": "00:48:32", "text": "fine."}, {"start": "00:48:35", "end": "00:48:39", "text": "James, what do you mean Clash News? What"}, {"start": "00:48:37", "end": "00:48:43", "text": "do you think? Ask Clashes. Why do you"}, {"start": "00:48:39", "end": "00:48:43", "text": "think Clash is in the name?"}, {"start": "00:48:45", "end": "00:48:50", "text": "You think I'm gonna offer a free AI"}, {"start": "00:48:47", "end": "00:48:53", "text": "platform that's so awesome for free"}, {"start": "00:48:50", "end": "00:48:53", "text": "forever?"}, {"start": "00:48:53", "end": "00:48:57", "text": "No. Eventually there's going to be a"}, {"start": "00:48:55", "end": "00:49:00", "text": "payment subscription for it. And"}, {"start": "00:48:57", "end": "00:49:03", "text": "eventually part of that goes to buying"}, {"start": "00:49:00", "end": "00:49:03", "text": "Clash."}, {"start": "00:49:17", "end": "00:49:21", "text": "Okay, Kenny, go into Discord and ask"}, {"start": "00:49:19", "end": "00:49:24", "text": "people for help rather than trying to"}, {"start": "00:49:21", "end": "00:49:28", "text": "put it into this because we're not we're"}, {"start": "00:49:24", "end": "00:49:28", "text": "not going to get anywhere. Okay. All"}, {"start": "00:49:37", "end": "00:49:44", "text": "right, I think I'm uh out of here."}, {"start": "00:49:41", "end": "00:49:47", "text": "I'll go work some more. Um,"}, {"start": "00:49:44", "end": "00:49:50", "text": "but overall,"}, {"start": "00:49:47", "end": "00:49:52", "text": "more geopolitical stuff that never"}, {"start": "00:49:50", "end": "00:49:57", "text": "that never goes away. It's the gift that"}, {"start": "00:49:52", "end": "00:49:59", "text": "keeps on giving every single day."}, {"start": "00:49:57", "end": "00:50:02", "text": "and wait until the next conquest after"}, {"start": "00:49:59", "end": "00:50:06", "text": "Iran, but I can't really say Iran was a"}, {"start": "00:50:02", "end": "00:50:08", "text": "conquest. So, uh, so I guess we'll see."}, {"start": "00:50:06", "end": "00:50:11", "text": "We'll see if the ceasefire stays,"}, {"start": "00:50:08", "end": "00:50:14", "text": "whether conditions improve, and if so,"}, {"start": "00:50:11", "end": "00:50:15", "text": "we will definitely see that sustained"}, {"start": "00:50:14", "end": "00:50:19", "text": "rally that we all been looking forward"}, {"start": "00:50:15", "end": "00:50:21", "text": "to. All right, smash the like, subscribe"}, {"start": "00:50:19", "end": "00:50:23", "text": "to the channel. Have a good one, guys."}, {"start": "00:50:21", "end": "00:50:23", "text": "Take care."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Welcome back. So, just when we thought"}, {"start": "00:00:02", "end": "00:00:09", "text": "all the drama was over, there is more"}, {"start": "00:00:05", "end": "00:00:10", "text": "drama ahead. So, I'm gonna keep this"}, {"start": "00:00:09", "end": "00:00:12", "text": "video short. I want to talk about what"}, {"start": "00:00:10", "end": "00:00:14", "text": "has happened, why Bitcoin is starting to"}, {"start": "00:00:12", "end": "00:00:16", "text": "fall a little bit because of this"}, {"start": "00:00:14", "end": "00:00:20", "text": "additional drama, and is it something to"}, {"start": "00:00:16", "end": "00:00:22", "text": "worry about? Quite possibly. Uh, so this"}, {"start": "00:00:20", "end": "00:00:24", "text": "is what's going on right now. You can"}, {"start": "00:00:22", "end": "00:00:26", "text": "see this morning we did pretty well."}, {"start": "00:00:24", "end": "00:00:29", "text": "went up to 725 then kind of went down a"}, {"start": "00:00:26", "end": "00:00:30", "text": "little bit and then now we're kind of"}, {"start": "00:00:29", "end": "00:00:33", "text": "hovering right so obviously still better"}, {"start": "00:00:30", "end": "00:00:38", "text": "than before but we have lost a little"}, {"start": "00:00:33", "end": "00:00:42", "text": "bit of our gains and uh and why is that"}, {"start": "00:00:38", "end": "00:00:44", "text": "well a couple of things number one Iran"}, {"start": "00:00:42", "end": "00:00:47", "text": "says"}, {"start": "00:00:44", "end": "00:00:50", "text": "US has violated a ceasefire agreement"}, {"start": "00:00:47", "end": "00:00:53", "text": "three of the 10 point proposal that"}, {"start": "00:00:50", "end": "00:00:55", "text": "Trump has accepted uh has been violated"}, {"start": "00:00:53", "end": "00:00:57", "text": "ated"}, {"start": "00:00:55", "end": "00:00:59", "text": "and uh to see a CNBC article. I was"}, {"start": "00:00:57", "end": "00:01:01", "text": "looking at it. I'm like, it doesn't say"}, {"start": "00:00:59", "end": "00:01:03", "text": "anything about the three that was"}, {"start": "00:01:01", "end": "00:01:07", "text": "violated. And then I went on asked Clash"}, {"start": "00:01:03", "end": "00:01:11", "text": "and and asked for answers and it also"}, {"start": "00:01:07", "end": "00:01:16", "text": "said there's no specific ones listed."}, {"start": "00:01:11", "end": "00:01:18", "text": "Okay, so that that's the thing. Um the"}, {"start": "00:01:16", "end": "00:01:21", "text": "social post mention violations but don't"}, {"start": "00:01:18", "end": "00:01:24", "text": "details which one. So right now we don't"}, {"start": "00:01:21", "end": "00:01:29", "text": "know actually what's happening which of"}, {"start": "00:01:24", "end": "00:01:31", "text": "the three have been violated and is it"}, {"start": "00:01:29", "end": "00:01:33", "text": "real"}, {"start": "00:01:31", "end": "00:01:36", "text": "um"}, {"start": "00:01:33", "end": "00:01:39", "text": "don't know don't know what's happening"}, {"start": "00:01:36", "end": "00:01:41", "text": "right now is oil prices are resuming"}, {"start": "00:01:39", "end": "00:01:44", "text": "gains again because now people are"}, {"start": "00:01:41", "end": "00:01:46", "text": "fearful that there may be something"}, {"start": "00:01:44", "end": "00:01:50", "text": "happening"}, {"start": "00:01:46", "end": "00:01:54", "text": "and then like this says traders a 950"}, {"start": "00:01:50", "end": "00:01:57", "text": "million on lower oil on ceasefire"}, {"start": "00:01:54", "end": "00:02:00", "text": "uh announcement and then oil fell down"}, {"start": "00:01:57", "end": "00:02:03", "text": "16% immediately. Only after the price of"}, {"start": "00:02:00", "end": "00:02:05", "text": "move did Iran's parliament speaker claim"}, {"start": "00:02:03", "end": "00:02:07", "text": "violations."}, {"start": "00:02:05", "end": "00:02:13", "text": "Interesting."}, {"start": "00:02:07", "end": "00:02:17", "text": "Interesting. So is this done on purpose?"}, {"start": "00:02:13", "end": "00:02:20", "text": "Uh we don't know. We don't know. And the"}, {"start": "00:02:17", "end": "00:02:22", "text": "question asks, would the US actually"}, {"start": "00:02:20", "end": "00:02:24", "text": "break it? Okay, we don't again we don't"}, {"start": "00:02:22", "end": "00:02:27", "text": "know, but it's it's quite interesting"}, {"start": "00:02:24", "end": "00:02:28", "text": "what's happening. Now, I did see this."}, {"start": "00:02:27", "end": "00:02:31", "text": "This could be one of the 10 points."}, {"start": "00:02:28", "end": "00:02:34", "text": "Although the 10 points did not say"}, {"start": "00:02:31", "end": "00:02:37", "text": "anything about I think allies or Israel,"}, {"start": "00:02:34", "end": "00:02:41", "text": "but this makes no sense that the oil"}, {"start": "00:02:37", "end": "00:02:45", "text": "tankers, okay, are not letting are not"}, {"start": "00:02:41", "end": "00:02:49", "text": "being allowed to go through because Iran"}, {"start": "00:02:45", "end": "00:02:52", "text": "says Israel has um continued attacks on"}, {"start": "00:02:49", "end": "00:02:55", "text": "Lebanon and"}, {"start": "00:02:52", "end": "00:02:58", "text": "that's against the ceasefire. Right. So"}, {"start": "00:02:55", "end": "00:03:00", "text": "this one of the 10 could be it doesn't"}, {"start": "00:02:58", "end": "00:03:03", "text": "help the situation but I remember"}, {"start": "00:03:00", "end": "00:03:05", "text": "reading the top 10 and had nothing to do"}, {"start": "00:03:03", "end": "00:03:07", "text": "with this. So that's probably why Iran"}, {"start": "00:03:05", "end": "00:03:09", "text": "continued I mean Israel continue to do"}, {"start": "00:03:07", "end": "00:03:11", "text": "so that's why and this morning I talked"}, {"start": "00:03:09", "end": "00:03:13", "text": "about it because Lebanon was like hey"}, {"start": "00:03:11", "end": "00:03:16", "text": "are we part of a ceasefire because"}, {"start": "00:03:13", "end": "00:03:19", "text": "Israel is still attacking us and uh and"}, {"start": "00:03:16", "end": "00:03:21", "text": "Palestine says yes but Israel says no."}, {"start": "00:03:19", "end": "00:03:23", "text": "So is Israel"}, {"start": "00:03:21", "end": "00:03:26", "text": "what's disrupting all this right now?"}, {"start": "00:03:23", "end": "00:03:28", "text": "And is Trump and US going to step in and"}, {"start": "00:03:26", "end": "00:03:32", "text": "do something about it? That's the"}, {"start": "00:03:28", "end": "00:03:34", "text": "question, right? So that's really what"}, {"start": "00:03:32", "end": "00:03:36", "text": "it comes down to. Today was absolutely"}, {"start": "00:03:34", "end": "00:03:38", "text": "fantastic. Look at it. Today was totally"}, {"start": "00:03:36", "end": "00:03:40", "text": "in the green. The pre-market for"}, {"start": "00:03:38", "end": "00:03:43", "text": "tomorrow is slightly in the red. So I"}, {"start": "00:03:40", "end": "00:03:46", "text": "think overall traders are not too"}, {"start": "00:03:43", "end": "00:03:48", "text": "afraid. Thinks that this will still be"}, {"start": "00:03:46", "end": "00:03:51", "text": "resolved."}, {"start": "00:03:48", "end": "00:03:52", "text": "But uh obviously no one's really"}, {"start": "00:03:51", "end": "00:03:55", "text": "thrilled about this new development,"}, {"start": "00:03:52", "end": "00:03:56", "text": "right? And I mean, Bitcoin is holding"}, {"start": "00:03:55", "end": "00:03:59", "text": "relatively well, but lost some of its"}, {"start": "00:03:56", "end": "00:04:01", "text": "gains because of it. So, that's it. I'm"}, {"start": "00:03:59", "end": "00:04:04", "text": "going to keep this video nice and short."}, {"start": "00:04:01", "end": "00:04:07", "text": "Uh, there's more drama right now. There"}, {"start": "00:04:04", "end": "00:04:08", "text": "seems to be never ending drama around"}, {"start": "00:04:07", "end": "00:04:11", "text": "what's happening in the Middle East and"}, {"start": "00:04:08", "end": "00:04:14", "text": "so forth, but you know what? We will get"}, {"start": "00:04:11", "end": "00:04:17", "text": "through it. Bitcoin is strong. Bitcoin"}, {"start": "00:04:14", "end": "00:04:18", "text": "has seen worse and the fundamentals"}, {"start": "00:04:17", "end": "00:04:21", "text": "continue to be great. And we still have"}, {"start": "00:04:18", "end": "00:04:23", "text": "a lot of institutional"}, {"start": "00:04:21", "end": "00:04:26", "text": "uh loading and you guys know that if you"}, {"start": "00:04:23", "end": "00:04:29", "text": "watch me, you know that's what happens"}, {"start": "00:04:26", "end": "00:04:33", "text": "uh what's happening and that's what"}, {"start": "00:04:29", "end": "00:04:35", "text": "happens right before a turnaround. So"}, {"start": "00:04:33", "end": "00:04:37", "text": "stay strong my friends and I will see"}, {"start": "00:04:35", "end": "00:04:40", "text": "you guys tomorrow same time as usual."}, {"start": "00:04:37", "end": "00:04:40", "text": "All right. Bye-bye."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Welcome back to Cryptos are Us. I am"}, {"start": "00:00:04", "end": "00:00:08", "text": "George."}, {"start": "00:00:06", "end": "00:00:11", "text": "We're all George. Uh, welcome to another"}, {"start": "00:00:08", "end": "00:00:14", "text": "market open stream. Things are looking"}, {"start": "00:00:11", "end": "00:00:17", "text": "much much better today. And I think most"}, {"start": "00:00:14", "end": "00:00:18", "text": "of you guys know why. If you're"}, {"start": "00:00:17", "end": "00:00:22", "text": "clueless,"}, {"start": "00:00:18", "end": "00:00:24", "text": "well, let me let me chime in today. Uh,"}, {"start": "00:00:22", "end": "00:00:28", "text": "talk about what's making everything go"}, {"start": "00:00:24", "end": "00:00:30", "text": "up and is this lasting more importantly."}, {"start": "00:00:28", "end": "00:00:34", "text": "All right."}, {"start": "00:00:30", "end": "00:00:36", "text": "Let's do it, guys. Let's do it. Welcome,"}, {"start": "00:00:34", "end": "00:00:39", "text": "welcome, welcome."}, {"start": "00:00:36", "end": "00:00:41", "text": "We're certainly looking better today."}, {"start": "00:00:39", "end": "00:00:43", "text": "We're starting out the day right around"}, {"start": "00:00:41", "end": "00:00:46", "text": "$72,000."}, {"start": "00:00:43", "end": "00:00:48", "text": "Yesterday, we started pumping up and"}, {"start": "00:00:46", "end": "00:00:50", "text": "then, you know, we were overextended,"}, {"start": "00:00:48", "end": "00:00:53", "text": "came back down a little bit, and now we"}, {"start": "00:00:50", "end": "00:00:57", "text": "are heading higher once again. Wall"}, {"start": "00:00:53", "end": "00:01:01", "text": "Street. Look at Wall Street opening a"}, {"start": "00:00:57", "end": "00:01:05", "text": "day at plus,300. NASDAQ plus 700."}, {"start": "00:01:01", "end": "00:01:07", "text": "Everything has been surpressed"}, {"start": "00:01:05", "end": "00:01:13", "text": "for a long time. Everyone waiting for"}, {"start": "00:01:07", "end": "00:01:14", "text": "this. And in case you missed it"}, {"start": "00:01:13", "end": "00:01:17", "text": "um"}, {"start": "00:01:14", "end": "00:01:19", "text": "last night, Trump said that basically,"}, {"start": "00:01:17", "end": "00:01:22", "text": "you know, they're negotiating in good"}, {"start": "00:01:19", "end": "00:01:26", "text": "faith. the straight or straight of or"}, {"start": "00:01:22", "end": "00:01:27", "text": "moves will open and then uh the deadline"}, {"start": "00:01:26", "end": "00:01:31", "text": "for strikes have been extended for two"}, {"start": "00:01:27", "end": "00:01:33", "text": "weeks but it sounds like you know both"}, {"start": "00:01:31", "end": "00:01:35", "text": "sides are go agreed to a ceasefire you"}, {"start": "00:01:33", "end": "00:01:38", "text": "know that's what I kind of explained in"}, {"start": "00:01:35", "end": "00:01:40", "text": "my night video uh and this is official"}, {"start": "00:01:38", "end": "00:01:43", "text": "statement from Iran which is also saying"}, {"start": "00:01:40", "end": "00:01:45", "text": "the same thing if attacks against Iran"}, {"start": "00:01:43", "end": "00:01:47", "text": "are halted our powerful armed forces"}, {"start": "00:01:45", "end": "00:01:49", "text": "will cease their defensive operations"}, {"start": "00:01:47", "end": "00:01:52", "text": "for a period of two weeks safe passage"}, {"start": "00:01:49", "end": "00:01:56", "text": "through Austral moves will be possible."}, {"start": "00:01:52", "end": "00:01:59", "text": "Okay. So basically both sides are"}, {"start": "00:01:56", "end": "00:02:03", "text": "agreeing and this is why people like it"}, {"start": "00:01:59", "end": "00:02:06", "text": "why markets are going up. However though"}, {"start": "00:02:03", "end": "00:02:09", "text": "Trump is threatening tariffs"}, {"start": "00:02:06", "end": "00:02:11", "text": "50% tariffs on countries supply military"}, {"start": "00:02:09", "end": "00:02:16", "text": "weapons to Iran."}, {"start": "00:02:11", "end": "00:02:19", "text": "Um so who could that be? I don't know if"}, {"start": "00:02:16", "end": "00:02:20", "text": "it's like Russia. I mean, we already"}, {"start": "00:02:19", "end": "00:02:22", "text": "have sanctions against Russia. So, I"}, {"start": "00:02:20", "end": "00:02:24", "text": "don't know what that's going to do or"}, {"start": "00:02:22", "end": "00:02:29", "text": "tariffs against Russian Russia and"}, {"start": "00:02:24", "end": "00:02:31", "text": "Russian uh uh oil buying countries. I"}, {"start": "00:02:29", "end": "00:02:32", "text": "don't know if it's China, if it's any"}, {"start": "00:02:31", "end": "00:02:34", "text": "other country that may be selling"}, {"start": "00:02:32", "end": "00:02:38", "text": "weapons. I don't know. But that's that's"}, {"start": "00:02:34", "end": "00:02:40", "text": "the latest. Obviously, uh oil has"}, {"start": "00:02:38", "end": "00:02:43", "text": "plunged because of this because now oil"}, {"start": "00:02:40", "end": "00:02:45", "text": "tankers can flow can come out of the"}, {"start": "00:02:43", "end": "00:02:48", "text": "straight no problem at least for two"}, {"start": "00:02:45", "end": "00:02:50", "text": "weeks. The caveat is will something get"}, {"start": "00:02:48", "end": "00:02:53", "text": "done in two weeks? I I just don't see us"}, {"start": "00:02:50", "end": "00:02:56", "text": "going backwards from here. Like it it"}, {"start": "00:02:53", "end": "00:02:58", "text": "seems very implausible that somehow"}, {"start": "00:02:56", "end": "00:03:01", "text": "during the next two weeks, you know,"}, {"start": "00:02:58", "end": "00:03:04", "text": "they're negotiating and all of a sudden"}, {"start": "00:03:01", "end": "00:03:08", "text": "one side pulls out. It just seems like"}, {"start": "00:03:04", "end": "00:03:12", "text": "no one wants to do that. Everyone wants"}, {"start": "00:03:08", "end": "00:03:14", "text": "to move forward, right? So that's what's"}, {"start": "00:03:12", "end": "00:03:16", "text": "going on right now and it's looking"}, {"start": "00:03:14", "end": "00:03:18", "text": "pretty promising. The only thing is"}, {"start": "00:03:16", "end": "00:03:19", "text": "there are some countries that are"}, {"start": "00:03:18", "end": "00:03:22", "text": "wondering if they're part of this"}, {"start": "00:03:19", "end": "00:03:25", "text": "two-week ceasefire because Lebanon"}, {"start": "00:03:22", "end": "00:03:27", "text": "is saying that I don't know we're part"}, {"start": "00:03:25", "end": "00:03:30", "text": "of it. You know, countries were still"}, {"start": "00:03:27", "end": "00:03:35", "text": "defending against missiles and drones."}, {"start": "00:03:30", "end": "00:03:39", "text": "Uh Pakistan said Lebanon was included,"}, {"start": "00:03:35", "end": "00:03:42", "text": "but Israel says they're not. So, it's"}, {"start": "00:03:39", "end": "00:03:44", "text": "kind of weird as some of these countries"}, {"start": "00:03:42", "end": "00:03:47", "text": "still don't know what's happening. uh in"}, {"start": "00:03:44", "end": "00:03:50", "text": "the region. So, but yeah, that's the"}, {"start": "00:03:47", "end": "00:03:52", "text": "that's the latest. That's the latest. A"}, {"start": "00:03:50", "end": "00:03:54", "text": "lot of people thought, including Wall"}, {"start": "00:03:52", "end": "00:03:56", "text": "Street, that the strikes were not going"}, {"start": "00:03:54", "end": "00:04:01", "text": "to happen, that a deal was going to be"}, {"start": "00:03:56", "end": "00:04:01", "text": "made last second and"}, {"start": "00:04:03", "end": "00:04:08", "text": "and it happened. But let's see for the"}, {"start": "00:04:06", "end": "00:04:12", "text": "next two weeks if we're going to get a"}, {"start": "00:04:08", "end": "00:04:16", "text": "very strong re rebound for all things"}, {"start": "00:04:12", "end": "00:04:20", "text": "for risk on assets like Bitcoin and tech"}, {"start": "00:04:16", "end": "00:04:24", "text": "and AI and everything else."}, {"start": "00:04:20", "end": "00:04:28", "text": "Uh and maybe from this too crypto fear"}, {"start": "00:04:24", "end": "00:04:31", "text": "and greed index jumped from 8 to 17. So,"}, {"start": "00:04:28", "end": "00:04:36", "text": "that's a big jump, but we're still"}, {"start": "00:04:31", "end": "00:04:40", "text": "in extreme fear level right now. Uh, but"}, {"start": "00:04:36", "end": "00:04:43", "text": "this is one of those contrarian signals."}, {"start": "00:04:40", "end": "00:04:45", "text": "When you stay in extreme fear for a long"}, {"start": "00:04:43", "end": "00:04:48", "text": "time,"}, {"start": "00:04:45", "end": "00:04:51", "text": "we tend to bounce, right? Uh, the upside"}, {"start": "00:04:48", "end": "00:04:55", "text": "is a lot greater than downside. That's"}, {"start": "00:04:51", "end": "00:04:58", "text": "how it is. So, starting to kick in,"}, {"start": "00:04:55", "end": "00:05:00", "text": "which is awesome. Now, outside of this,"}, {"start": "00:04:58", "end": "00:05:02", "text": "fundamentals of Bitcoin has never been"}, {"start": "00:05:00", "end": "00:05:05", "text": "better. Hasn't really changed. I've been"}, {"start": "00:05:02", "end": "00:05:08", "text": "saying that every single day. How the"}, {"start": "00:05:05", "end": "00:05:11", "text": "landscape has changed and how there's"}, {"start": "00:05:08", "end": "00:05:15", "text": "more and more players in the game. That"}, {"start": "00:05:11", "end": "00:05:17", "text": "doesn't change. So, Morgan Stanley's ETF"}, {"start": "00:05:15", "end": "00:05:19", "text": "is about to launch. This is actually"}, {"start": "00:05:17", "end": "00:05:21", "text": "primarily for more of like institutional"}, {"start": "00:05:19", "end": "00:05:24", "text": "investors, but it's another big"}, {"start": "00:05:21", "end": "00:05:27", "text": "investment bank that is jumping in the"}, {"start": "00:05:24", "end": "00:05:31", "text": "game along with Black Rockck and"}, {"start": "00:05:27", "end": "00:05:35", "text": "Fidelity and Van Ec and everyone else,"}, {"start": "00:05:31", "end": "00:05:39", "text": "right? All these big players,"}, {"start": "00:05:35", "end": "00:05:39", "text": "all these big players"}, {"start": "00:05:39", "end": "00:05:46", "text": "are jumping in. Not because they feel"}, {"start": "00:05:43", "end": "00:05:48", "text": "like Bitcoin's dead. Not because they"}, {"start": "00:05:46", "end": "00:05:51", "text": "feel like, well, everyone's getting out."}, {"start": "00:05:48", "end": "00:05:54", "text": "No, because they feel like it's only the"}, {"start": "00:05:51", "end": "00:05:55", "text": "beginning and we will recover and"}, {"start": "00:05:54", "end": "00:05:57", "text": "they're going to make a boatload of"}, {"start": "00:05:55", "end": "00:05:59", "text": "money from it. That's why they're doing"}, {"start": "00:05:57", "end": "00:06:01", "text": "it."}, {"start": "00:05:59", "end": "00:06:06", "text": "Uh, so"}, {"start": "00:06:01", "end": "00:06:09", "text": "they're getting in at low low prices."}, {"start": "00:06:06", "end": "00:06:11", "text": "That's good. That's good."}, {"start": "00:06:09", "end": "00:06:14", "text": "And speaking of Trump, Trump is still"}, {"start": "00:06:11", "end": "00:06:15", "text": "very, very, very pro- crypto. He said,"}, {"start": "00:06:14", "end": "00:06:19", "text": "\"I will support the right to"}, {"start": "00:06:15", "end": "00:06:22", "text": "self-custody for the nation's 50 million"}, {"start": "00:06:19", "end": "00:06:24", "text": "crypto holders. I will ensure that the"}, {"start": "00:06:22", "end": "00:06:26", "text": "future of crypto and Bitcoin will be"}, {"start": "00:06:24", "end": "00:06:28", "text": "made in the US.\" So, he's not backing"}, {"start": "00:06:26", "end": "00:06:30", "text": "off of this. You know, out of everything"}, {"start": "00:06:28", "end": "00:06:31", "text": "that's going on, you figure, you know,"}, {"start": "00:06:30", "end": "00:06:34", "text": "crypto will be the last thing on his"}, {"start": "00:06:31", "end": "00:06:35", "text": "mind, but no, it's still there. And you"}, {"start": "00:06:34", "end": "00:06:37", "text": "know, quite frankly, because his family"}, {"start": "00:06:35", "end": "00:06:42", "text": "is so involved with crypto, who's you"}, {"start": "00:06:37", "end": "00:06:46", "text": "know, uh Don and uh Eric Jr. and uh and"}, {"start": "00:06:42", "end": "00:06:47", "text": "Baron, they're all in crypto. So,"}, {"start": "00:06:46", "end": "00:06:49", "text": "obviously, he's not going to make it"}, {"start": "00:06:47", "end": "00:06:54", "text": "hard for them to make money. Uh so, we"}, {"start": "00:06:49", "end": "00:06:57", "text": "got that going too. Uh so because of"}, {"start": "00:06:54", "end": "00:07:01", "text": "this favorable regulations are"}, {"start": "00:06:57", "end": "00:07:06", "text": "here and more are being made and this"}, {"start": "00:07:01", "end": "00:07:10", "text": "nation is going to turn very pro crypto"}, {"start": "00:07:06", "end": "00:07:10", "text": "going forward."}, {"start": "00:07:11", "end": "00:07:18", "text": "Let that sink in. All right. What else?"}, {"start": "00:07:15", "end": "00:07:20", "text": "Uh balance held by accumulating"}, {"start": "00:07:18", "end": "00:07:24", "text": "addresses."}, {"start": "00:07:20", "end": "00:07:26", "text": "Okay. 21% of total Bitcoin supply is now"}, {"start": "00:07:24", "end": "00:07:30", "text": "held by long-term holders. Available"}, {"start": "00:07:26", "end": "00:07:31", "text": "Bitcoin supply keeps shrinking."}, {"start": "00:07:30", "end": "00:07:34", "text": "Yeah, that's not that's not really a"}, {"start": "00:07:31", "end": "00:07:36", "text": "surprise. That's not really surprised. I"}, {"start": "00:07:34", "end": "00:07:40", "text": "mean, just look at it. Even with"}, {"start": "00:07:36", "end": "00:07:44", "text": "Bitcoin's price falling, which is the"}, {"start": "00:07:40", "end": "00:07:46", "text": "black lines, even with it falling, do"}, {"start": "00:07:44", "end": "00:07:50", "text": "you see like the long-term holder"}, {"start": "00:07:46", "end": "00:07:52", "text": "selling? The accumul accumulation"}, {"start": "00:07:50", "end": "00:07:54", "text": "address continues to skyrocket. In fact,"}, {"start": "00:07:52", "end": "00:07:57", "text": "it's skyrocketing more. The retail"}, {"start": "00:07:54", "end": "00:07:59", "text": "address is even going up, too. These are"}, {"start": "00:07:57", "end": "00:08:01", "text": "all long-term holders, not taking in"}, {"start": "00:07:59", "end": "00:08:04", "text": "account short-term holders,"}, {"start": "00:08:01", "end": "00:08:08", "text": "right? And you can see how long-term"}, {"start": "00:08:04", "end": "00:08:13", "text": "holders continue to buy and hold. And"}, {"start": "00:08:08", "end": "00:08:16", "text": "that's the way to do it. That's how you"}, {"start": "00:08:13", "end": "00:08:20", "text": "gain prosperity and wealth simply by"}, {"start": "00:08:16", "end": "00:08:22", "text": "accumulation. Like with anything else,"}, {"start": "00:08:20", "end": "00:08:25", "text": "Bitcoin is actually the scarcest of"}, {"start": "00:08:22", "end": "00:08:25", "text": "anything."}, {"start": "00:08:27", "end": "00:08:34", "text": "Yep. Uh what is this? 2.7 billion bit"}, {"start": "00:08:31", "end": "00:08:36", "text": "Bitcoin buy volume emerges on Binance"}, {"start": "00:08:34", "end": "00:08:38", "text": "derivatives after ceasefire."}, {"start": "00:08:36", "end": "00:08:40", "text": "Of course, this is always risky though."}, {"start": "00:08:38", "end": "00:08:42", "text": "Okay, what what this means is everyone"}, {"start": "00:08:40", "end": "00:08:45", "text": "just threw on everyone just like threw"}, {"start": "00:08:42", "end": "00:08:49", "text": "on a long afterwards and some people"}, {"start": "00:08:45", "end": "00:08:52", "text": "made money, right? But again, you always"}, {"start": "00:08:49", "end": "00:08:55", "text": "have people that go too far."}, {"start": "00:08:52", "end": "00:08:57", "text": "They go 20x, 50x, 100x, and then, you"}, {"start": "00:08:55", "end": "00:09:00", "text": "know, as soon as we correct a little"}, {"start": "00:08:57", "end": "00:09:02", "text": "bit, boom, massive liquidations."}, {"start": "00:09:00", "end": "00:09:05", "text": "That's the thing. You got to be careful"}, {"start": "00:09:02", "end": "00:09:09", "text": "when you're playing with leverage. 3x,"}, {"start": "00:09:05", "end": "00:09:16", "text": "okay, 5x, sure. When you start doing"}, {"start": "00:09:09", "end": "00:09:19", "text": "10x, 20x, 50x, 100x, you get liquidated"}, {"start": "00:09:16", "end": "00:09:21", "text": "really, really quick. So, you got to be"}, {"start": "00:09:19", "end": "00:09:24", "text": "careful. Obviously, this shows that a"}, {"start": "00:09:21", "end": "00:09:27", "text": "lot of people are very enthusiastic once"}, {"start": "00:09:24", "end": "00:09:29", "text": "again."}, {"start": "00:09:27", "end": "00:09:33", "text": "And this is pretty simple. Okay, this is"}, {"start": "00:09:29", "end": "00:09:36", "text": "pretty simple. Uh, basically looking at"}, {"start": "00:09:33", "end": "00:09:40", "text": "realized price and where Bitcoin is and"}, {"start": "00:09:36", "end": "00:09:40", "text": "when it tends to bounce."}, {"start": "00:09:41", "end": "00:09:48", "text": "Looking pretty similar. It's pretty"}, {"start": "00:09:43", "end": "00:09:48", "text": "similar to the last crypto winter."}, {"start": "00:09:49", "end": "00:09:57", "text": "So, all good. All good. What else? Uh,"}, {"start": "00:09:53", "end": "00:10:00", "text": "let's look at"}, {"start": "00:09:57", "end": "00:10:02", "text": "some alts. Uh, Ethereum. There are still"}, {"start": "00:10:00", "end": "00:10:04", "text": "a lot of people that are Ethereum fans."}, {"start": "00:10:02", "end": "00:10:07", "text": "Hold a lot of Ethereum. Obviously,"}, {"start": "00:10:04", "end": "00:10:09", "text": "institutional interest is high. Tom Lee"}, {"start": "00:10:07", "end": "00:10:10", "text": "continues to buy more and more Ethereum"}, {"start": "00:10:09", "end": "00:10:14", "text": "every single week. I don't know where"}, {"start": "00:10:10", "end": "00:10:16", "text": "he's getting the money from, but he is."}, {"start": "00:10:14", "end": "00:10:19", "text": "Uh but it's important to note that they"}, {"start": "00:10:16", "end": "00:10:21", "text": "are still working on improving a chain."}, {"start": "00:10:19", "end": "00:10:24", "text": "It's not just a chain that Vitalik and"}, {"start": "00:10:21", "end": "00:10:26", "text": "and team just le you know they just left"}, {"start": "00:10:24", "end": "00:10:29", "text": "it. No, they're still improving. The"}, {"start": "00:10:26", "end": "00:10:31", "text": "biggest thing is from a technology"}, {"start": "00:10:29", "end": "00:10:35", "text": "standpoint is still slow because every"}, {"start": "00:10:31", "end": "00:10:37", "text": "validator right now has to like read the"}, {"start": "00:10:35", "end": "00:10:39", "text": "entire chain and it's very inefficient."}, {"start": "00:10:37", "end": "00:10:40", "text": "And what they want to do is get away"}, {"start": "00:10:39", "end": "00:10:44", "text": "from that and they're going to go go"}, {"start": "00:10:40", "end": "00:10:46", "text": "with blobs, blocks and blobs. So they"}, {"start": "00:10:44", "end": "00:10:48", "text": "could see so validators only need to"}, {"start": "00:10:46", "end": "00:10:51", "text": "read a certain amount and they all work"}, {"start": "00:10:48", "end": "00:10:54", "text": "together somehow and uh it's going to"}, {"start": "00:10:51", "end": "00:10:56", "text": "make it a lot more efficient and faster."}, {"start": "00:10:54", "end": "00:10:58", "text": "And you know it's funny because I've"}, {"start": "00:10:56", "end": "00:11:02", "text": "been talking about Ethereum scaling for"}, {"start": "00:10:58", "end": "00:11:03", "text": "a long time and even years ago Vital"}, {"start": "00:11:02", "end": "00:11:06", "text": "said it's probably realistically going"}, {"start": "00:11:03", "end": "00:11:09", "text": "to be fixed in seven years and this was"}, {"start": "00:11:06", "end": "00:11:11", "text": "probably like four or five years ago."}, {"start": "00:11:09", "end": "00:11:13", "text": "At the time it's like man how could they"}, {"start": "00:11:11", "end": "00:11:15", "text": "stay alive? How can they compete with"}, {"start": "00:11:13", "end": "00:11:18", "text": "the newer chains that are much much"}, {"start": "00:11:15", "end": "00:11:21", "text": "faster? Well, you know, here we are."}, {"start": "00:11:18", "end": "00:11:23", "text": "Fast forward to 2026. They still haven't"}, {"start": "00:11:21", "end": "00:11:25", "text": "solved it, but they're still holding."}, {"start": "00:11:23", "end": "00:11:27", "text": "They're still doing well."}, {"start": "00:11:25", "end": "00:11:29", "text": "Uh, but if they can solve the"}, {"start": "00:11:27", "end": "00:11:30", "text": "scalability issue,"}, {"start": "00:11:29", "end": "00:11:32", "text": "that's really going to propel them"}, {"start": "00:11:30", "end": "00:11:36", "text": "forward. They don't even have to be as"}, {"start": "00:11:32", "end": "00:11:38", "text": "fast as Salana or as fast as some of"}, {"start": "00:11:36", "end": "00:11:40", "text": "these other chains like Sooie or"}, {"start": "00:11:38", "end": "00:11:42", "text": "something. They just need to be faster."}, {"start": "00:11:40", "end": "00:11:44", "text": "That's it. and handle more transactions."}, {"start": "00:11:42", "end": "00:11:47", "text": "They are completely limited and whenever"}, {"start": "00:11:44", "end": "00:11:50", "text": "there's something hot going on, um it"}, {"start": "00:11:47", "end": "00:11:52", "text": "really congested the network and makes"}, {"start": "00:11:50", "end": "00:11:55", "text": "it super expensive. So, if they could"}, {"start": "00:11:52", "end": "00:11:58", "text": "just figure out some way to do it,"}, {"start": "00:11:55", "end": "00:12:02", "text": "that'd be awesome. But they're trying."}, {"start": "00:11:58", "end": "00:12:04", "text": "They're trying. And what about XRP?"}, {"start": "00:12:02", "end": "00:12:06", "text": "Everyone's favorite crypto."}, {"start": "00:12:04", "end": "00:12:08", "text": "Um,"}, {"start": "00:12:06", "end": "00:12:11", "text": "you know, there's a lot of talk about"}, {"start": "00:12:08", "end": "00:12:14", "text": "quantum quantum resistance or becoming"}, {"start": "00:12:11", "end": "00:12:17", "text": "quantum resistant, right? How much XRP"}, {"start": "00:12:14", "end": "00:12:21", "text": "is quantum safe? According to this, only"}, {"start": "00:12:17", "end": "00:12:23", "text": "0.03% of supply is at risk. See, one of"}, {"start": "00:12:21", "end": "00:12:25", "text": "the things with quantum"}, {"start": "00:12:23", "end": "00:12:28", "text": "is quantum computers breaking the"}, {"start": "00:12:25", "end": "00:12:29", "text": "encryption is knowing public wallets."}, {"start": "00:12:28", "end": "00:12:33", "text": "they take the public wallet and they can"}, {"start": "00:12:29", "end": "00:12:36", "text": "they could extract the the private key"}, {"start": "00:12:33", "end": "00:12:38", "text": "from it. But if you have a wallet that's"}, {"start": "00:12:36", "end": "00:12:41", "text": "not like exposed, then technically"}, {"start": "00:12:38", "end": "00:12:42", "text": "you're not"}, {"start": "00:12:41", "end": "00:12:43", "text": "uh you don't you don't have to worry"}, {"start": "00:12:42", "end": "00:12:45", "text": "about it. I don't know something like"}, {"start": "00:12:43", "end": "00:12:48", "text": "that. That might be false. But with"}, {"start": "00:12:45", "end": "00:12:51", "text": "certain coins, there are like certain"}, {"start": "00:12:48", "end": "00:12:54", "text": "amount that is at risk. So like with"}, {"start": "00:12:51", "end": "00:12:56", "text": "Bitcoin they say well you know like 5"}, {"start": "00:12:54", "end": "00:12:58", "text": "million is at risk or something and and"}, {"start": "00:12:56", "end": "00:13:02", "text": "um"}, {"start": "00:12:58", "end": "00:13:04", "text": "then XRP is only 03% at risk. But we'll"}, {"start": "00:13:02", "end": "00:13:06", "text": "see. We will see. By the time we get"}, {"start": "00:13:04", "end": "00:13:09", "text": "there I know that there will be a lot of"}, {"start": "00:13:06", "end": "00:13:11", "text": "improvements. There will be like wallets"}, {"start": "00:13:09", "end": "00:13:13", "text": "and validators and miners. They will all"}, {"start": "00:13:11", "end": "00:13:16", "text": "upgrade to some kind of code that makes"}, {"start": "00:13:13", "end": "00:13:18", "text": "it quantum resistant. I'm pretty sure"}, {"start": "00:13:16", "end": "00:13:20", "text": "that is going to happen. That is being"}, {"start": "00:13:18", "end": "00:13:22", "text": "developed right now. So, there's a lot"}, {"start": "00:13:20", "end": "00:13:25", "text": "of scary things going on, but there's a"}, {"start": "00:13:22", "end": "00:13:28", "text": "lot more scary things going on because"}, {"start": "00:13:25", "end": "00:13:30", "text": "think about it. When quantum computers"}, {"start": "00:13:28", "end": "00:13:33", "text": "can actually crack all these encryption"}, {"start": "00:13:30", "end": "00:13:35", "text": "protocols, it's not just going to be for"}, {"start": "00:13:33", "end": "00:13:37", "text": "crypto. I mean, we care about crypto,"}, {"start": "00:13:35", "end": "00:13:39", "text": "yes, but then they could basically crack"}, {"start": "00:13:37", "end": "00:13:42", "text": "anything. They could crack the stock"}, {"start": "00:13:39", "end": "00:13:46", "text": "exchanges. They can crack military"}, {"start": "00:13:42", "end": "00:13:49", "text": "bases and and systems, right? financial"}, {"start": "00:13:46", "end": "00:13:52", "text": "systems will be totally ruined. So, it's"}, {"start": "00:13:49", "end": "00:13:55", "text": "not it's not something that is just a"}, {"start": "00:13:52", "end": "00:13:57", "text": "crypto thing, right? But there are a lot"}, {"start": "00:13:55", "end": "00:13:59", "text": "of smart people that are working against"}, {"start": "00:13:57", "end": "00:14:03", "text": "this right now."}, {"start": "00:13:59", "end": "00:14:05", "text": "Uh lastly,"}, {"start": "00:14:03", "end": "00:14:08", "text": "I saw this."}, {"start": "00:14:05", "end": "00:14:10", "text": "April is historically one of the best"}, {"start": "00:14:08", "end": "00:14:13", "text": "months of the year for stocks. You can"}, {"start": "00:14:10", "end": "00:14:16", "text": "see that. Look at that green candle."}, {"start": "00:14:13", "end": "00:14:20", "text": "Besides April, you have other few other"}, {"start": "00:14:16", "end": "00:14:21", "text": "standout months like July, November,"}, {"start": "00:14:20", "end": "00:14:23", "text": "right? You got a lot of good months."}, {"start": "00:14:21", "end": "00:14:25", "text": "We're in the we're in April."}, {"start": "00:14:23", "end": "00:14:30", "text": "Unfortunately, we've been held back. But"}, {"start": "00:14:25", "end": "00:14:35", "text": "now with this two week ceasefire, can we"}, {"start": "00:14:30", "end": "00:14:38", "text": "explode further and go forward?"}, {"start": "00:14:35", "end": "00:14:41", "text": "I certainly hope so. And I pulled up"}, {"start": "00:14:38", "end": "00:14:44", "text": "Bitcoin's monthly returns. If you look,"}, {"start": "00:14:41", "end": "00:14:47", "text": "April traditionally is a pretty good"}, {"start": "00:14:44", "end": "00:14:50", "text": "month and surprising we are up 5% still."}, {"start": "00:14:47", "end": "00:14:52", "text": "But look at last year. Last year we're"}, {"start": "00:14:50", "end": "00:14:54", "text": "up 14%. The year before that we were"}, {"start": "00:14:52", "end": "00:14:57", "text": "red. But that's because we had this"}, {"start": "00:14:54", "end": "00:14:59", "text": "happened before. So that's how we had a"}, {"start": "00:14:57", "end": "00:15:02", "text": "we had a breather. But 2023 was all"}, {"start": "00:14:59", "end": "00:15:06", "text": "green. 2022"}, {"start": "00:15:02", "end": "00:15:09", "text": "was crypto winter, right? 2021."}, {"start": "00:15:06", "end": "00:15:11", "text": "This was weird because of the FTX thing"}, {"start": "00:15:09", "end": "00:15:15", "text": "that happened. So, Bitcoin actually"}, {"start": "00:15:11", "end": "00:15:18", "text": "dropped like 50% and then it recovered."}, {"start": "00:15:15", "end": "00:15:20", "text": "But normally speaking,"}, {"start": "00:15:18", "end": "00:15:24", "text": "it's pretty good. And then you got look"}, {"start": "00:15:20", "end": "00:15:26", "text": "at this 2020, 2019, 2018, 2017, all 30"}, {"start": "00:15:24", "end": "00:15:27", "text": "plus%."}, {"start": "00:15:26", "end": "00:15:30", "text": "So, traditionally thinking,"}, {"start": "00:15:27", "end": "00:15:32", "text": "traditionally, April is actually a"}, {"start": "00:15:30", "end": "00:15:35", "text": "pretty good month. So, let's see if we"}, {"start": "00:15:32", "end": "00:15:35", "text": "can build upon it."}, {"start": "00:15:36", "end": "00:15:41", "text": "Let's hope so. And last year too, you"}, {"start": "00:15:38", "end": "00:15:43", "text": "know, we mimic last year very similarly."}, {"start": "00:15:41", "end": "00:15:46", "text": "Uh but last year, you could see from"}, {"start": "00:15:43", "end": "00:15:48", "text": "April, May, June, July, we just"}, {"start": "00:15:46", "end": "00:15:52", "text": "compounded, compounded, compounded, and"}, {"start": "00:15:48", "end": "00:15:54", "text": "compounded and went higher."}, {"start": "00:15:52", "end": "00:15:56", "text": "There's no reason to think that we can't"}, {"start": "00:15:54", "end": "00:15:58", "text": "do it this time, this year, too, because"}, {"start": "00:15:56", "end": "00:16:00", "text": "I know there's so much money sitting on"}, {"start": "00:15:58", "end": "00:16:04", "text": "sidelines waiting to come in. And as"}, {"start": "00:16:00", "end": "00:16:06", "text": "soon as this geopolitical stuff is over,"}, {"start": "00:16:04", "end": "00:16:10", "text": "then"}, {"start": "00:16:06", "end": "00:16:10", "text": "the money's going to full back in."}, {"start": "00:16:11", "end": "00:16:16", "text": "All right."}, {"start": "00:16:13", "end": "00:16:18", "text": "All right. Uh let's see."}, {"start": "00:16:16", "end": "00:16:22", "text": "Markets are still holding pretty well."}, {"start": "00:16:18", "end": "00:16:24", "text": "Haven't really come back down much. Uh"}, {"start": "00:16:22", "end": "00:16:25", "text": "Bitcoin came down a little bit"}, {"start": "00:16:24", "end": "00:16:27", "text": "overextended."}, {"start": "00:16:25", "end": "00:16:30", "text": "Uh let's look at the charts a little"}, {"start": "00:16:27", "end": "00:16:32", "text": "bit. Let's see if they're leaning"}, {"start": "00:16:30", "end": "00:16:36", "text": "bullish, bullish, neutral. I I looked at"}, {"start": "00:16:32", "end": "00:16:36", "text": "it briefly."}, {"start": "00:16:36", "end": "00:16:40", "text": "So, if you're looking at a 1 hour, it's"}, {"start": "00:16:37", "end": "00:16:42", "text": "definitely leaning bullish because of"}, {"start": "00:16:40", "end": "00:16:47", "text": "the big jump. We actually broke above"}, {"start": "00:16:42", "end": "00:16:49", "text": "the We broke above the recent"}, {"start": "00:16:47", "end": "00:16:53", "text": "resistance. We're definitely above some"}, {"start": "00:16:49", "end": "00:16:56", "text": "of these moving averages. We're holding,"}, {"start": "00:16:53", "end": "00:16:58", "text": "right? So, we're definitely in a"}, {"start": "00:16:56", "end": "00:17:02", "text": "uptrend."}, {"start": "00:16:58", "end": "00:17:04", "text": "However, a little bit over overheated,"}, {"start": "00:17:02", "end": "00:17:06", "text": "right? So, on a shortened time frame,"}, {"start": "00:17:04", "end": "00:17:08", "text": "it's always like that. Uh, if you look"}, {"start": "00:17:06", "end": "00:17:11", "text": "at a daily, it's still kind of neutral."}, {"start": "00:17:08", "end": "00:17:12", "text": "We need to go up a little bit more. We"}, {"start": "00:17:11", "end": "00:17:16", "text": "need to go up a little more. The next"}, {"start": "00:17:12", "end": "00:17:19", "text": "target to break is that 72 726, which we"}, {"start": "00:17:16", "end": "00:17:21", "text": "were not able to break. We do need to"}, {"start": "00:17:19", "end": "00:17:22", "text": "break above that. We do have increased"}, {"start": "00:17:21", "end": "00:17:25", "text": "volume obviously because there's people"}, {"start": "00:17:22", "end": "00:17:27", "text": "buying. I just talked about how all"}, {"start": "00:17:25", "end": "00:17:31", "text": "these guys on Binance are like going"}, {"start": "00:17:27", "end": "00:17:33", "text": "long, right? Um, but from a daily"}, {"start": "00:17:31", "end": "00:17:36", "text": "perspective looking pretty good. Most"}, {"start": "00:17:33", "end": "00:17:38", "text": "indicators are showing that we're"}, {"start": "00:17:36", "end": "00:17:40", "text": "turning to the upside. But however, if"}, {"start": "00:17:38", "end": "00:17:42", "text": "you look at the one week, this is a"}, {"start": "00:17:40", "end": "00:17:45", "text": "telling story. One week we are still"}, {"start": "00:17:42", "end": "00:17:47", "text": "down."}, {"start": "00:17:45", "end": "00:17:50", "text": "Man, I can't believe it. I can't believe"}, {"start": "00:17:47", "end": "00:17:55", "text": "it. Since the high of October till now,"}, {"start": "00:17:50", "end": "00:17:55", "text": "Bitcoin is down 42.3%."}, {"start": "00:17:57", "end": "00:18:04", "text": "But the upside to this is"}, {"start": "00:18:00", "end": "00:18:07", "text": "that's how far uh that's how much gains"}, {"start": "00:18:04", "end": "00:18:09", "text": "is left just to get back to previous"}, {"start": "00:18:07", "end": "00:18:11", "text": "highs. So if you've been DCAing,"}, {"start": "00:18:09", "end": "00:18:14", "text": "especially around now, especially around"}, {"start": "00:18:11", "end": "00:18:18", "text": "that 60,000 mark, 60s, right? Imagine"}, {"start": "00:18:14", "end": "00:18:20", "text": "when we get back to our 126, you will"}, {"start": "00:18:18", "end": "00:18:23", "text": "double"}, {"start": "00:18:20", "end": "00:18:27", "text": "your investment, right? But on a weekly"}, {"start": "00:18:23", "end": "00:18:30", "text": "scale, we still haven't turned"}, {"start": "00:18:27", "end": "00:18:32", "text": "positive. We still haven't,"}, {"start": "00:18:30", "end": "00:18:34", "text": "you could see, we haven't broken through"}, {"start": "00:18:32", "end": "00:18:38", "text": "this trend line. But if we build a"}, {"start": "00:18:34", "end": "00:18:41", "text": "little bit of momentum, you know what?"}, {"start": "00:18:38", "end": "00:18:44", "text": "Look at this. The next true major"}, {"start": "00:18:41", "end": "00:18:47", "text": "resistance is around like se uh not 70"}, {"start": "00:18:44", "end": "00:18:47", "text": "93,000."}, {"start": "00:18:48", "end": "00:18:53", "text": "So we could certainly break above maybe"}, {"start": "00:18:51", "end": "00:18:55", "text": "not right away but we could certainly"}, {"start": "00:18:53", "end": "00:18:59", "text": "break above and get to that next"}, {"start": "00:18:55", "end": "00:19:02", "text": "resistance next and then"}, {"start": "00:18:59", "end": "00:19:07", "text": "continue upwards."}, {"start": "00:19:02", "end": "00:19:11", "text": "So, just need a little bit of a push, a"}, {"start": "00:19:07", "end": "00:19:14", "text": "little more. And that's it."}, {"start": "00:19:11", "end": "00:19:15", "text": "All right."}, {"start": "00:19:14", "end": "00:19:18", "text": "Oh, something new I want to show you"}, {"start": "00:19:15", "end": "00:19:22", "text": "guys that I made yesterday. Uh, I"}, {"start": "00:19:18", "end": "00:19:25", "text": "realized Ask Clash is really about"}, {"start": "00:19:22", "end": "00:19:27", "text": "discovery and answers, right? So, before"}, {"start": "00:19:25", "end": "00:19:29", "text": "I had a discovery, I had a few cards on"}, {"start": "00:19:27", "end": "00:19:31", "text": "the front page that was showing like"}, {"start": "00:19:29", "end": "00:19:33", "text": "breaking news and stuff like that. So,"}, {"start": "00:19:31", "end": "00:19:36", "text": "I've changed it. I still have the"}, {"start": "00:19:33", "end": "00:19:41", "text": "breaking news, but they suggest all"}, {"start": "00:19:36", "end": "00:19:43", "text": "these questions that you may have about"}, {"start": "00:19:41", "end": "00:19:46", "text": "about the latest trends. I think that"}, {"start": "00:19:43", "end": "00:19:47", "text": "makes a lot more sense. So, uh so you"}, {"start": "00:19:46", "end": "00:19:51", "text": "see it on the front page. You also see"}, {"start": "00:19:47", "end": "00:19:55", "text": "in discovery, right? So, anything that's"}, {"start": "00:19:51", "end": "00:19:58", "text": "trending or hot like with politics, can"}, {"start": "00:19:55", "end": "00:20:00", "text": "Japan influence Iran shipping policy?"}, {"start": "00:19:58", "end": "00:20:03", "text": "Will humans land on the moon soon"}, {"start": "00:20:00", "end": "00:20:05", "text": "because of Aremis? Right? Will US troops"}, {"start": "00:20:03", "end": "00:20:09", "text": "actually withdraw soon? So, these are"}, {"start": "00:20:05", "end": "00:20:11", "text": "questions based on the trendiest topics"}, {"start": "00:20:09", "end": "00:20:13", "text": "there is. And of course, we got a crypto"}, {"start": "00:20:11", "end": "00:20:18", "text": "section."}, {"start": "00:20:13", "end": "00:20:20", "text": "We got markets, tech, even local."}, {"start": "00:20:18", "end": "00:20:22", "text": "Will shipping costs finally decline now?"}, {"start": "00:20:20", "end": "00:20:25", "text": "How much will fuel costs drop? I mean,"}, {"start": "00:20:22", "end": "00:20:27", "text": "these are important questions. Really"}, {"start": "00:20:25", "end": "00:20:32", "text": "cool. Really cool. It's all built in"}, {"start": "00:20:27", "end": "00:20:32", "text": "now. All right, let's do some Q&A."}, {"start": "00:20:44", "end": "00:20:50", "text": "Uh, DC blur. It will. It will. It's"}, {"start": "00:20:47", "end": "00:20:52", "text": "actually not a dumb AI. It's actually"}, {"start": "00:20:50", "end": "00:20:55", "text": "smart. In fact, it gives you a lot of"}, {"start": "00:20:52", "end": "00:20:57", "text": "sass. Sometimes"}, {"start": "00:20:55", "end": "00:20:59", "text": "you you you could disagree with it. You"}, {"start": "00:20:57", "end": "00:21:03", "text": "could argue with it. The more you talk,"}, {"start": "00:20:59", "end": "00:21:04", "text": "the more uh its character comes out."}, {"start": "00:21:03", "end": "00:21:06", "text": "That's what people don't realize. I"}, {"start": "00:21:04", "end": "00:21:09", "text": "think they still view it as a search"}, {"start": "00:21:06", "end": "00:21:10", "text": "engine. There's a real AI behind it. And"}, {"start": "00:21:09", "end": "00:21:14", "text": "you can have meaningful conversations"}, {"start": "00:21:10", "end": "00:21:15", "text": "about it too uh with it. U so that's"}, {"start": "00:21:14", "end": "00:21:18", "text": "that's another thing that's very"}, {"start": "00:21:15", "end": "00:21:19", "text": "different. So give it a try. Like search"}, {"start": "00:21:18", "end": "00:21:21", "text": "for something. If you search for"}, {"start": "00:21:19", "end": "00:21:22", "text": "something like five times in a row,"}, {"start": "00:21:21", "end": "00:21:24", "text": "it'll give you an answer. like you"}, {"start": "00:21:22", "end": "00:21:26", "text": "search this five times, the answer is"}, {"start": "00:21:24", "end": "00:21:29", "text": "not going to change."}, {"start": "00:21:26", "end": "00:21:32", "text": "So, it's not it's not a dumb search"}, {"start": "00:21:29", "end": "00:21:32", "text": "engine,"}, {"start": "00:21:36", "end": "00:21:41", "text": "but uh overall"}, {"start": "00:21:39", "end": "00:21:43", "text": "looking pretty positive"}, {"start": "00:21:41", "end": "00:21:45", "text": "today."}, {"start": "00:21:43", "end": "00:21:47", "text": "Um let's see if we could build upon"}, {"start": "00:21:45", "end": "00:21:50", "text": "this. You know, the whole thing is we"}, {"start": "00:21:47", "end": "00:21:53", "text": "got two weeks, right? the the ceasefire"}, {"start": "00:21:50", "end": "00:21:56", "text": "is two weeks. It's not permanent yet."}, {"start": "00:21:53", "end": "00:21:58", "text": "Both sides need to agree to something"}, {"start": "00:21:56", "end": "00:22:00", "text": "and then"}, {"start": "00:21:58", "end": "00:22:02", "text": "it'll be permanent. So, right now, I"}, {"start": "00:22:00", "end": "00:22:03", "text": "think even though we're rallying a"}, {"start": "00:22:02", "end": "00:22:05", "text": "little bit, there's still some"}, {"start": "00:22:03", "end": "00:22:09", "text": "hesitation on like, okay, is this going"}, {"start": "00:22:05", "end": "00:22:14", "text": "to last beyond two weeks, right? So,"}, {"start": "00:22:09", "end": "00:22:14", "text": "that's what's kind of holding us back."}, {"start": "00:22:33", "end": "00:22:38", "text": "short term."}, {"start": "00:22:36", "end": "00:22:40", "text": "It seems like we're we start out hot."}, {"start": "00:22:38", "end": "00:22:42", "text": "We're kind of going back to the same"}, {"start": "00:22:40", "end": "00:22:45", "text": "level as"}, {"start": "00:22:42", "end": "00:22:47", "text": "like last night around 71 something. If"}, {"start": "00:22:45", "end": "00:22:51", "text": "we could hold here, that's that's really"}, {"start": "00:22:47", "end": "00:22:51", "text": "what it's about."}, {"start": "00:23:02", "end": "00:23:08", "text": "Tony, cool it, man. Stop trying to"}, {"start": "00:23:04", "end": "00:23:08", "text": "spread foot."}, {"start": "00:23:10", "end": "00:23:13", "text": "Circle of snakes. That's a really good"}, {"start": "00:23:12", "end": "00:23:15", "text": "question."}, {"start": "00:23:13", "end": "00:23:18", "text": "Why does no one talk about Ukraine or"}, {"start": "00:23:15", "end": "00:23:20", "text": "Russia anymore? Because all the media is"}, {"start": "00:23:18", "end": "00:23:22", "text": "concentrating on the US and Iran, right?"}, {"start": "00:23:20", "end": "00:23:24", "text": "But Ukraine and Russia, is that going to"}, {"start": "00:23:22", "end": "00:23:26", "text": "be forever? It's like, what's going on"}, {"start": "00:23:24", "end": "00:23:29", "text": "with it? You know what else no one talks"}, {"start": "00:23:26", "end": "00:23:31", "text": "about anymore is Greenland? Like we made"}, {"start": "00:23:29", "end": "00:23:33", "text": "a this whole big deal about trying to"}, {"start": "00:23:31", "end": "00:23:37", "text": "take over Greenland. What happened"}, {"start": "00:23:33", "end": "00:23:40", "text": "there? No idea. No clue. No one talks"}, {"start": "00:23:37", "end": "00:23:45", "text": "about anymore. Did it stop?"}, {"start": "00:23:40", "end": "00:23:48", "text": "You know, this is how this is how"}, {"start": "00:23:45", "end": "00:23:50", "text": "like shifting of narratives happen. We"}, {"start": "00:23:48", "end": "00:23:52", "text": "go from one narrative to another and now"}, {"start": "00:23:50", "end": "00:23:56", "text": "no one like remembers what the"}, {"start": "00:23:52", "end": "00:23:56", "text": "narratives were before."}, {"start": "00:24:08", "end": "00:24:13", "text": "It'll be funny the the takeover"}, {"start": "00:24:11", "end": "00:24:16", "text": "commences once again after all this is"}, {"start": "00:24:13", "end": "00:24:18", "text": "over."}, {"start": "00:24:16", "end": "00:24:20", "text": "Or maybe we did take over already and no"}, {"start": "00:24:18", "end": "00:24:22", "text": "one knows, you know, maybe maybe"}, {"start": "00:24:20", "end": "00:24:24", "text": "Greenland is still part of Denmark, but"}, {"start": "00:24:22", "end": "00:24:27", "text": "we got everything we wanted. That's what"}, {"start": "00:24:24", "end": "00:24:29", "text": "I think. Secretly they negotiated and we"}, {"start": "00:24:27", "end": "00:24:32", "text": "got everything we wanted. We get mineral"}, {"start": "00:24:29", "end": "00:24:35", "text": "rights. We got a bigger military base or"}, {"start": "00:24:32", "end": "00:24:39", "text": "extended bases or whatever. I I'm pretty"}, {"start": "00:24:35", "end": "00:24:39", "text": "sure something was negotiated already."}, {"start": "00:25:00", "end": "00:25:05", "text": "Ernie, you could use Ask Clash and ask"}, {"start": "00:25:03", "end": "00:25:06", "text": "about TA. You don't have to. And I'm"}, {"start": "00:25:05", "end": "00:25:09", "text": "pretty sure you just changed your name"}, {"start": "00:25:06", "end": "00:25:14", "text": "from this other name because you're the"}, {"start": "00:25:09", "end": "00:25:14", "text": "only two that have ever asked about it."}, {"start": "00:25:26", "end": "00:25:31", "text": "Casper, you know, I don't know if that's"}, {"start": "00:25:29", "end": "00:25:34", "text": "actually true. They do have bases. I"}, {"start": "00:25:31", "end": "00:25:36", "text": "mean, the US does about mineral rights."}, {"start": "00:25:34", "end": "00:25:38", "text": "I'm not sure the US could go in and just"}, {"start": "00:25:36", "end": "00:25:40", "text": "take whatever the hell they want. I"}, {"start": "00:25:38", "end": "00:25:41", "text": "think there's a little bit more to that."}, {"start": "00:25:40", "end": "00:25:43", "text": "And it's not just about about getting"}, {"start": "00:25:41", "end": "00:25:45", "text": "the minerals. It's also about"}, {"start": "00:25:43", "end": "00:25:47", "text": "processing. That's where China"}, {"start": "00:25:45", "end": "00:25:51", "text": "dominates. China doesn't really care"}, {"start": "00:25:47", "end": "00:25:54", "text": "about the environment or pollution. So,"}, {"start": "00:25:51", "end": "00:25:56", "text": "um, in terms of rare earth processing,"}, {"start": "00:25:54", "end": "00:25:58", "text": "they control like 90 plus% because"}, {"start": "00:25:56", "end": "00:26:00", "text": "everyone just sends it there."}, {"start": "00:25:58", "end": "00:26:03", "text": "Um,"}, {"start": "00:26:00", "end": "00:26:05", "text": "so the thing is, even if we get all this"}, {"start": "00:26:03", "end": "00:26:07", "text": "rare earth from Greenland, are we going"}, {"start": "00:26:05", "end": "00:26:09", "text": "to process it? Where we going to process"}, {"start": "00:26:07", "end": "00:26:13", "text": "it at? What better place than a North"}, {"start": "00:26:09", "end": "00:26:15", "text": "Pole? So, I don't know if that's the"}, {"start": "00:26:13", "end": "00:26:17", "text": "ultimate goal or we'll collect it and"}, {"start": "00:26:15", "end": "00:26:21", "text": "send it somewhere. Um, but it's very"}, {"start": "00:26:17", "end": "00:26:25", "text": "very hazardous to process rare earth"}, {"start": "00:26:21", "end": "00:26:28", "text": "minerals and uh that could be part of"}, {"start": "00:26:25", "end": "00:26:28", "text": "the negotiation."}, {"start": "00:26:32", "end": "00:26:36", "text": "George, can we be your official fishing"}, {"start": "00:26:34", "end": "00:26:38", "text": "tackle company sponsor? You know what?"}, {"start": "00:26:36", "end": "00:26:42", "text": "My kids love fishing. At least one of"}, {"start": "00:26:38", "end": "00:26:46", "text": "them do. Um, I'm sure he will like to"}, {"start": "00:26:42", "end": "00:26:48", "text": "get some tackles."}, {"start": "00:26:46", "end": "00:26:50", "text": "Some of them are crazy. You know, when I"}, {"start": "00:26:48", "end": "00:26:52", "text": "go to Bass Pro Shop, you look at like"}, {"start": "00:26:50", "end": "00:26:57", "text": "the millions of fish tackles that are"}, {"start": "00:26:52", "end": "00:26:57", "text": "out there. Uh, it's crazy."}, {"start": "00:26:57", "end": "00:27:02", "text": "I don't even know what that means."}, {"start": "00:26:59", "end": "00:27:02", "text": "Kenders Outdoor."}, {"start": "00:27:10", "end": "00:27:15", "text": "Uh why does Ask Clash have a limited"}, {"start": "00:27:12", "end": "00:27:17", "text": "data set? Well, always improving, trying"}, {"start": "00:27:15", "end": "00:27:19", "text": "to get more, but the reason is trying to"}, {"start": "00:27:17", "end": "00:27:22", "text": "get you the fastest answers and the most"}, {"start": "00:27:19", "end": "00:27:25", "text": "latest answers right away."}, {"start": "00:27:22", "end": "00:27:27", "text": "It does it does do Google searches, but"}, {"start": "00:27:25", "end": "00:27:30", "text": "that's a low priority. So that's the"}, {"start": "00:27:27", "end": "00:27:32", "text": "thing like for vast majority of the"}, {"start": "00:27:30", "end": "00:27:36", "text": "answers we have the most upto-date"}, {"start": "00:27:32", "end": "00:27:39", "text": "answer there is um because we fetch and"}, {"start": "00:27:36", "end": "00:27:43", "text": "inject like all the latest things but"}, {"start": "00:27:39", "end": "00:27:48", "text": "it's not everything like right now I'm"}, {"start": "00:27:43", "end": "00:27:50", "text": "feeding a huge data set of um"}, {"start": "00:27:48", "end": "00:27:52", "text": "of medical stuff so pretty soon it's"}, {"start": "00:27:50", "end": "00:27:54", "text": "going to be like one of the best in"}, {"start": "00:27:52", "end": "00:27:56", "text": "terms of medical questions. Um, I'm"}, {"start": "00:27:54", "end": "00:27:58", "text": "going to do like all these uh white"}, {"start": "00:27:56", "end": "00:28:01", "text": "papers. There's like 4,000 white papers."}, {"start": "00:27:58", "end": "00:28:02", "text": "There's more things that that's being"}, {"start": "00:28:01", "end": "00:28:05", "text": "fetched. Research articles I think we"}, {"start": "00:28:02", "end": "00:28:08", "text": "just got done across like variety of"}, {"start": "00:28:05", "end": "00:28:10", "text": "things that was done. Uh, but we got"}, {"start": "00:28:08", "end": "00:28:13", "text": "mostly everything. But of course there's"}, {"start": "00:28:10", "end": "00:28:15", "text": "like obscure stuff that it doesn't know."}, {"start": "00:28:13", "end": "00:28:18", "text": "Uh, I just fully integrated sports so"}, {"start": "00:28:15", "end": "00:28:21", "text": "you could ask like what NHL game is"}, {"start": "00:28:18", "end": "00:28:23", "text": "playing today or what MLB game is"}, {"start": "00:28:21", "end": "00:28:25", "text": "playing today. like the other AIS are"}, {"start": "00:28:23", "end": "00:28:26", "text": "going hallucinate and they don't know"}, {"start": "00:28:25", "end": "00:28:28", "text": "that."}, {"start": "00:28:26", "end": "00:28:31", "text": "So that's the reason that's that's why"}, {"start": "00:28:28", "end": "00:28:35", "text": "it's different. But I'm always including"}, {"start": "00:28:31", "end": "00:28:35", "text": "trying to get more data sets in."}, {"start": "00:28:36", "end": "00:28:41", "text": "Uh I don't believe Adam Black is"}, {"start": "00:28:38", "end": "00:28:44", "text": "Shioshi. No, I don't. And he confirmed"}, {"start": "00:28:41", "end": "00:28:44", "text": "that he wasn't."}, {"start": "00:28:50", "end": "00:28:56", "text": "Even if he is, let's just say,"}, {"start": "00:28:54", "end": "00:28:58", "text": "I mean, Craig Wright's been saying it,"}, {"start": "00:28:56", "end": "00:29:00", "text": "you know, for many years, and now he's"}, {"start": "00:28:58", "end": "00:29:01", "text": "not allowed to say it or he disappeared."}, {"start": "00:29:00", "end": "00:29:03", "text": "I don't know what happened to Craig"}, {"start": "00:29:01", "end": "00:29:05", "text": "Wright, but let's just say Adam Black"}, {"start": "00:29:03", "end": "00:29:07", "text": "comes out and says, \"I'm Satoshi"}, {"start": "00:29:05", "end": "00:29:11", "text": "Nakamoto.\" Does it really change"}, {"start": "00:29:07", "end": "00:29:13", "text": "anything at this point? No. People say,"}, {"start": "00:29:11", "end": "00:29:17", "text": "\"Yeah, awesome.\""}, {"start": "00:29:13", "end": "00:29:19", "text": "And then that's it."}, {"start": "00:29:17", "end": "00:29:21", "text": "Um,"}, {"start": "00:29:19", "end": "00:29:24", "text": "at this point people care more about"}, {"start": "00:29:21", "end": "00:29:27", "text": "Sailor than Satoshi for sure because"}, {"start": "00:29:24", "end": "00:29:30", "text": "Sailor's actively buying. He's actively"}, {"start": "00:29:27", "end": "00:29:32", "text": "promoting. He has caused a movement,"}, {"start": "00:29:30", "end": "00:29:35", "text": "right? Like"}, {"start": "00:29:32", "end": "00:29:37", "text": "that's my opinion. Even even if if he"}, {"start": "00:29:35", "end": "00:29:40", "text": "didn't come out and say I'm Shioshi,"}, {"start": "00:29:37", "end": "00:29:42", "text": "like doesn't really matter anymore"}, {"start": "00:29:40", "end": "00:29:44", "text": "unless he wants to do some like crazy"}, {"start": "00:29:42", "end": "00:29:46", "text": "changes, right? Like he wants to change"}, {"start": "00:29:44", "end": "00:29:48", "text": "it up and he wants to increase the"}, {"start": "00:29:46", "end": "00:29:49", "text": "supply. He's like, \"I made a mistake. 21"}, {"start": "00:29:48", "end": "00:29:51", "text": "million is not enough. Let's double it"}, {"start": "00:29:49", "end": "00:29:53", "text": "to 42 million.\" Okay. Well, that you"}, {"start": "00:29:51", "end": "00:29:56", "text": "know,"}, {"start": "00:29:53", "end": "00:29:59", "text": "even if he's Satoshi, uh, people are"}, {"start": "00:29:56", "end": "00:30:02", "text": "going to say, \"No, they're not just"}, {"start": "00:29:59", "end": "00:30:02", "text": "going to listen to him."}, {"start": "00:30:05", "end": "00:30:09", "text": "Massive target. H, it doesn't matter."}, {"start": "00:30:07", "end": "00:30:10", "text": "There's so many billionaires out there"}, {"start": "00:30:09", "end": "00:30:12", "text": "already. There are so many billionaires."}, {"start": "00:30:10", "end": "00:30:16", "text": "I don't even if he is, I don't think"}, {"start": "00:30:12", "end": "00:30:16", "text": "that's going to be a big deal."}, {"start": "00:30:39", "end": "00:30:44", "text": "still kind of holding."}, {"start": "00:30:42", "end": "00:30:48", "text": "Uh NASDAQ is starting to come down a"}, {"start": "00:30:44", "end": "00:30:52", "text": "little bit, so"}, {"start": "00:30:48", "end": "00:30:52", "text": "we'll see."}, {"start": "00:31:01", "end": "00:31:06", "text": "thousand."}, {"start": "00:31:03", "end": "00:31:09", "text": "That does kind of sound like him. Like"}, {"start": "00:31:06", "end": "00:31:11", "text": "Arnold thousand."}, {"start": "00:31:09", "end": "00:31:15", "text": "Now that I say it and listen to myself,"}, {"start": "00:31:11", "end": "00:31:15", "text": "it kind of sounds like it."}, {"start": "00:31:35", "end": "00:31:40", "text": "How can Trump still talk tariffs if"}, {"start": "00:31:38", "end": "00:31:43", "text": "Supreme Court turn it down is inventing?"}, {"start": "00:31:40", "end": "00:31:45", "text": "No, he can't. Supreme Court turned down"}, {"start": "00:31:43", "end": "00:31:47", "text": "the way he was doing tariffs. But there"}, {"start": "00:31:45", "end": "00:31:49", "text": "are other ways where he could do"}, {"start": "00:31:47", "end": "00:31:52", "text": "tariffs. That's the thing. He did it"}, {"start": "00:31:49", "end": "00:31:55", "text": "under EPA and I think that's called the"}, {"start": "00:31:52", "end": "00:31:58", "text": "international emergency"}, {"start": "00:31:55", "end": "00:32:00", "text": "something whatever and the Supreme Court"}, {"start": "00:31:58", "end": "00:32:03", "text": "said that he can't do tariffs under that"}, {"start": "00:32:00", "end": "00:32:08", "text": "act but there's like other acts like"}, {"start": "00:32:03", "end": "00:32:11", "text": "section whatever 301 or 20110 or"}, {"start": "00:32:08", "end": "00:32:13", "text": "whatever that he can do tariffs and"}, {"start": "00:32:11", "end": "00:32:15", "text": "that's what he's doing exactly. He he"}, {"start": "00:32:13", "end": "00:32:18", "text": "he's evaluating all the countries that"}, {"start": "00:32:15", "end": "00:32:20", "text": "he placed tariffs on and uh I'm sure the"}, {"start": "00:32:18", "end": "00:32:22", "text": "evaluations are rigged. So they're gonna"}, {"start": "00:32:20", "end": "00:32:23", "text": "come out saying that they're abusing"}, {"start": "00:32:22", "end": "00:32:26", "text": "their trade practices and then he's"}, {"start": "00:32:23", "end": "00:32:29", "text": "going to throw the same tariffs on those"}, {"start": "00:32:26", "end": "00:32:29", "text": "countries."}, {"start": "00:32:30", "end": "00:32:34", "text": "There's many kinds of tariffs actually."}, {"start": "00:32:44", "end": "00:32:48", "text": "Uh the ones that were collected, they're"}, {"start": "00:32:47", "end": "00:32:51", "text": "they're supposed to be given back, but"}, {"start": "00:32:48", "end": "00:32:52", "text": "the government's trying to like hold it."}, {"start": "00:32:51", "end": "00:32:56", "text": "So, they're waiting for the lawsuits to"}, {"start": "00:32:52", "end": "00:32:56", "text": "come in and then they're giving it back."}, {"start": "00:33:14", "end": "00:33:17", "text": "Here's"}, {"start": "00:33:22", "end": "00:33:28", "text": "Ethereum's chart."}, {"start": "00:33:26", "end": "00:33:30", "text": "Ethereum on a one day neutral. I mean,"}, {"start": "00:33:28", "end": "00:33:32", "text": "right now, almost everything follows"}, {"start": "00:33:30", "end": "00:33:35", "text": "Bitcoin. So, I I don't really see"}, {"start": "00:33:32", "end": "00:33:37", "text": "anything that"}, {"start": "00:33:35", "end": "00:33:40", "text": "I don't I don't see from a chart"}, {"start": "00:33:37", "end": "00:33:44", "text": "perspective that you're going to see uh"}, {"start": "00:33:40", "end": "00:33:44", "text": "anything deviate from Bitcoin."}, {"start": "00:33:48", "end": "00:33:54", "text": "Overall that looks pretty good. Explain"}, {"start": "00:33:51", "end": "00:33:56", "text": "this chart. Ethereum is hold is trading"}, {"start": "00:33:54", "end": "00:33:59", "text": "at 2243 trending higher over this"}, {"start": "00:33:56", "end": "00:34:01", "text": "period. Price is above the 50 and 200"}, {"start": "00:33:59", "end": "00:34:03", "text": "day moving averages as bullish structure"}, {"start": "00:34:01", "end": "00:34:06", "text": "trading at 6% above the dimma 43 trend"}, {"start": "00:34:03", "end": "00:34:08", "text": "line. Buyers are in control of the"}, {"start": "00:34:06", "end": "00:34:11", "text": "volume above the volume weighted average"}, {"start": "00:34:08", "end": "00:34:15", "text": "price meaning that most buyers are in"}, {"start": "00:34:11", "end": "00:34:15", "text": "profit. key support at 2086."}, {"start": "00:34:15", "end": "00:34:20", "text": "See, why do you, you know, like why do"}, {"start": "00:34:18", "end": "00:34:22", "text": "you need traders? Why do you need to"}, {"start": "00:34:20", "end": "00:34:26", "text": "listen to traders anymore when this when"}, {"start": "00:34:22", "end": "00:34:27", "text": "ask Clash already gives you everything?"}, {"start": "00:34:26", "end": "00:34:30", "text": "Tells you exactly what you need to know"}, {"start": "00:34:27", "end": "00:34:32", "text": "about TA. Pretty soon, I'm going to"}, {"start": "00:34:30", "end": "00:34:36", "text": "build a trading bot based on all this"}, {"start": "00:34:32", "end": "00:34:36", "text": "and then it's going to be automatic."}, {"start": "00:34:59", "end": "00:35:03", "text": "Let's see the one week"}, {"start": "00:35:03", "end": "00:35:11", "text": "from October 7th"}, {"start": "00:35:06", "end": "00:35:13", "text": "till now. Ethereum is down 52.3%."}, {"start": "00:35:11", "end": "00:35:16", "text": "So, haven't broken out from that trend"}, {"start": "00:35:13", "end": "00:35:19", "text": "line yet. we're at like we're there like"}, {"start": "00:35:16", "end": "00:35:20", "text": "we're right there. Um if we could break"}, {"start": "00:35:19", "end": "00:35:23", "text": "through, it's the same thing with"}, {"start": "00:35:20", "end": "00:35:26", "text": "Bitcoin. If we could just break through"}, {"start": "00:35:23", "end": "00:35:28", "text": "this trend line, it' be very very"}, {"start": "00:35:26", "end": "00:35:31", "text": "bullish."}, {"start": "00:35:28", "end": "00:35:34", "text": "Very very bullish indeed. And the next"}, {"start": "00:35:31", "end": "00:35:35", "text": "real true resistance, I mean there's a"}, {"start": "00:35:34", "end": "00:35:37", "text": "lot of stops in in between here and"}, {"start": "00:35:35", "end": "00:35:40", "text": "there, but the next true resistance will"}, {"start": "00:35:37", "end": "00:35:44", "text": "be about 3,200."}, {"start": "00:35:40", "end": "00:35:44", "text": "3228 exactly."}, {"start": "00:36:18", "end": "00:36:23", "text": "All righty."}, {"start": "00:36:20", "end": "00:36:25", "text": "I think that's pretty much it."}, {"start": "00:36:23", "end": "00:36:27", "text": "Overall, today is a pretty good day."}, {"start": "00:36:25", "end": "00:36:31", "text": "Although we're coming down a little bit"}, {"start": "00:36:27", "end": "00:36:34", "text": "from the enthusiasm at uh at open,"}, {"start": "00:36:31", "end": "00:36:37", "text": "but you know, overall we're holding."}, {"start": "00:36:34", "end": "00:36:40", "text": "Investors are coming back."}, {"start": "00:36:37", "end": "00:36:44", "text": "The long-term investors never went away."}, {"start": "00:36:40", "end": "00:36:46", "text": "still here and still buy dying."}, {"start": "00:36:44", "end": "00:36:50", "text": "Okay, but this is good news. We didn't"}, {"start": "00:36:46", "end": "00:36:54", "text": "send a country to hell. We didn't"}, {"start": "00:36:50", "end": "00:36:56", "text": "completely eliminate a civilization."}, {"start": "00:36:54", "end": "00:36:59", "text": "Things that Trump were threatening. So,"}, {"start": "00:36:56", "end": "00:37:03", "text": "uh, overall much better situation. Oil"}, {"start": "00:36:59", "end": "00:37:05", "text": "coming down is also very good. All"}, {"start": "00:37:03", "end": "00:37:07", "text": "right, guys. Smash it a like, subscribe"}, {"start": "00:37:05", "end": "00:37:11", "text": "to the channel. Have a good one. Go"}, {"start": "00:37:07", "end": "00:37:14", "text": "check out Ask Clash. Ask your latest"}, {"start": "00:37:11", "end": "00:37:16", "text": "questions. Check out Discovery. Go on"}, {"start": "00:37:14", "end": "00:37:18", "text": "Clash Pix"}, {"start": "00:37:16", "end": "00:37:22", "text": "AI integrated now, but we got a lot of"}, {"start": "00:37:18", "end": "00:37:25", "text": "good events and or join our Discord. All"}, {"start": "00:37:22", "end": "00:37:25", "text": "right, have a good one,"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Welcome back, guys. So, things are"}, {"start": "00:00:02", "end": "00:00:06", "text": "looking pretty darn good today. You"}, {"start": "00:00:05", "end": "00:00:09", "text": "know, this morning was looking pretty"}, {"start": "00:00:06", "end": "00:00:12", "text": "bleak, right? The the rhetoric that"}, {"start": "00:00:09", "end": "00:00:14", "text": "rhetoric that was being said about total"}, {"start": "00:00:12", "end": "00:00:17", "text": "annihilation, total destruction of a"}, {"start": "00:00:14", "end": "00:00:20", "text": "civilization, no one wanted to hear"}, {"start": "00:00:17", "end": "00:00:22", "text": "that. But,"}, {"start": "00:00:20", "end": "00:00:25", "text": "uh, many thought that, you know, it"}, {"start": "00:00:22", "end": "00:00:27", "text": "would lead to something that, uh, you"}, {"start": "00:00:25", "end": "00:00:29", "text": "know, both sides would come to terms."}, {"start": "00:00:27", "end": "00:00:32", "text": "And it seems like that's exactly what"}, {"start": "00:00:29", "end": "00:00:34", "text": "happened. So, let's discuss everything."}, {"start": "00:00:32", "end": "00:00:39", "text": "Let's break it down detail by detail"}, {"start": "00:00:34", "end": "00:00:41", "text": "what this actually means and then uh and"}, {"start": "00:00:39", "end": "00:00:44", "text": "let's move forward. Let's do it. So,"}, {"start": "00:00:41", "end": "00:00:46", "text": "look at that climb, right? It was"}, {"start": "00:00:44", "end": "00:00:48", "text": "looking pretty bleak from this morning"}, {"start": "00:00:46", "end": "00:00:51", "text": "all the way down and then boom, we're"}, {"start": "00:00:48", "end": "00:00:56", "text": "back to $72,000."}, {"start": "00:00:51", "end": "00:01:02", "text": "That is a much better spot, right? So,"}, {"start": "00:00:56", "end": "00:01:02", "text": "what happened? Well, a couple of things."}, {"start": "00:01:03", "end": "00:01:13", "text": "Asian markets, okay, jumped up. Uh, look"}, {"start": "00:01:07", "end": "00:01:17", "text": "at this. Oil tanked. Oil down 16%. It"}, {"start": "00:01:13", "end": "00:01:20", "text": "was down 9%, now down 16%."}, {"start": "00:01:17", "end": "00:01:25", "text": "And this is what happened. Okay. Uh,"}, {"start": "00:01:20", "end": "00:01:27", "text": "President Trump tweeted all this saying"}, {"start": "00:01:25", "end": "00:01:30", "text": "that the bombing"}, {"start": "00:01:27", "end": "00:01:32", "text": "will be suspended for two weeks. So,"}, {"start": "00:01:30", "end": "00:01:36", "text": "it's not called off, just suspended."}, {"start": "00:01:32", "end": "00:01:37", "text": "Okay. And this is basically Iran"}, {"start": "00:01:36", "end": "00:01:41", "text": "agreeing to complete immediate safe"}, {"start": "00:01:37", "end": "00:01:41", "text": "opening of the strait."}, {"start": "00:01:41", "end": "00:01:47", "text": "It's actually saying subject to Islamic"}, {"start": "00:01:44", "end": "00:01:50", "text": "Republic Iran agreeing to complete. So"}, {"start": "00:01:47", "end": "00:01:54", "text": "they didn't actually agree yet it seems"}, {"start": "00:01:50", "end": "00:01:57", "text": "like. And then also you have wording"}, {"start": "00:01:54", "end": "00:01:58", "text": "like this is a double-sided ceasefire."}, {"start": "00:01:57", "end": "00:02:01", "text": "The reason for doing so is because we"}, {"start": "00:01:58", "end": "00:02:04", "text": "already met all met and exceeded all"}, {"start": "00:02:01", "end": "00:02:06", "text": "military objectives."}, {"start": "00:02:04", "end": "00:02:07", "text": "Uh we have received a 10-point proposal."}, {"start": "00:02:06", "end": "00:02:09", "text": "That's something that we covered this"}, {"start": "00:02:07", "end": "00:02:14", "text": "morning which basically recognizes that"}, {"start": "00:02:09", "end": "00:02:16", "text": "Iran is in control of the the Humas"}, {"start": "00:02:14", "end": "00:02:18", "text": "straight up Hermuz. They get to control"}, {"start": "00:02:16", "end": "00:02:21", "text": "it. They get to tax it, but they're not"}, {"start": "00:02:18", "end": "00:02:23", "text": "asking for re uh reparations."}, {"start": "00:02:21", "end": "00:02:26", "text": "But it it almost seems like we are"}, {"start": "00:02:23", "end": "00:02:30", "text": "basically agreeing"}, {"start": "00:02:26", "end": "00:02:34", "text": "to their demands and um and we're going"}, {"start": "00:02:30", "end": "00:02:36", "text": "to call it off, right? But extension for"}, {"start": "00:02:34", "end": "00:02:40", "text": "another two weeks. That's what it means."}, {"start": "00:02:36", "end": "00:02:42", "text": "So, I decided to break this down. What"}, {"start": "00:02:40", "end": "00:02:44", "text": "does this really mean? And I I mean I"}, {"start": "00:02:42", "end": "00:02:45", "text": "kind of understand it, but for those of"}, {"start": "00:02:44", "end": "00:02:48", "text": "you guys that don't, you know, you could"}, {"start": "00:02:45", "end": "00:02:51", "text": "I plugged this. I just copy and pasted"}, {"start": "00:02:48", "end": "00:02:54", "text": "all this and ask Clash and it broke it"}, {"start": "00:02:51", "end": "00:02:57", "text": "down. It broke it down."}, {"start": "00:02:54", "end": "00:02:59", "text": "This is a negotiation announcement"}, {"start": "00:02:57", "end": "00:03:02", "text": "addresses a military pause with three"}, {"start": "00:02:59", "end": "00:03:04", "text": "embedded signals. That's what it means."}, {"start": "00:03:02", "end": "00:03:07", "text": "All right. What are those three embedded"}, {"start": "00:03:04", "end": "00:03:09", "text": "signals? Number one,"}, {"start": "00:03:07", "end": "00:03:12", "text": "deescalation is real but conditional."}, {"start": "00:03:09", "end": "00:03:14", "text": "The two-week window is explicitly tied"}, {"start": "00:03:12", "end": "00:03:17", "text": "to reopening on hummus. This is a"}, {"start": "00:03:14", "end": "00:03:19", "text": "surrender. It's a reset."}, {"start": "00:03:17", "end": "00:03:21", "text": "So it means that there's a chance that"}, {"start": "00:03:19", "end": "00:03:23", "text": "Iran still doesn't comply. They can say"}, {"start": "00:03:21", "end": "00:03:25", "text": "screw you guys. And then the strike"}, {"start": "00:03:23", "end": "00:03:27", "text": "rooms, although it doesn't seem like it."}, {"start": "00:03:25", "end": "00:03:30", "text": "You got two countries, Pakistan and"}, {"start": "00:03:27", "end": "00:03:31", "text": "Egypt, that broker this. Okay, they're"}, {"start": "00:03:30", "end": "00:03:34", "text": "the ones that were like kind of going"}, {"start": "00:03:31", "end": "00:03:35", "text": "back and forth, back and forth. So"}, {"start": "00:03:34", "end": "00:03:39", "text": "that's bullish for stability, especially"}, {"start": "00:03:35", "end": "00:03:42", "text": "for the region, right? And this 10point"}, {"start": "00:03:39", "end": "00:03:44", "text": "proposal is actually leverage."}, {"start": "00:03:42", "end": "00:03:47", "text": "Trump saying almost all the points of"}, {"start": "00:03:44", "end": "00:03:49", "text": "past contention have been agreed to. Uh"}, {"start": "00:03:47", "end": "00:03:51", "text": "signals negotiations have moved beyond"}, {"start": "00:03:49", "end": "00:03:53", "text": "past rhetoric into drafting. This is"}, {"start": "00:03:51", "end": "00:03:55", "text": "credible. Not theater. Meaning that"}, {"start": "00:03:53", "end": "00:03:57", "text": "whatever that I actually covered this"}, {"start": "00:03:55", "end": "00:04:00", "text": "morning"}, {"start": "00:03:57", "end": "00:04:01", "text": "actually is pretty much what they're"}, {"start": "00:04:00", "end": "00:04:04", "text": "going to go with. Maybe they negotiate a"}, {"start": "00:04:01", "end": "00:04:05", "text": "few things here and there, but that is"}, {"start": "00:04:04", "end": "00:04:08", "text": "what they're going with. It is better"}, {"start": "00:04:05", "end": "00:04:10", "text": "than the one before. I'll say that. But"}, {"start": "00:04:08", "end": "00:04:14", "text": "it basically, if I remember all the"}, {"start": "00:04:10", "end": "00:04:16", "text": "time, we're we're we're just letting go."}, {"start": "00:04:14", "end": "00:04:18", "text": "We're gonna stop bombing them. We're"}, {"start": "00:04:16", "end": "00:04:19", "text": "going to make all future, you know,"}, {"start": "00:04:18", "end": "00:04:21", "text": "attacks. We're not going to do any"}, {"start": "00:04:19", "end": "00:04:24", "text": "future attacks. We're going to recognize"}, {"start": "00:04:21", "end": "00:04:26", "text": "that they are in control of the strait."}, {"start": "00:04:24", "end": "00:04:28", "text": "Right? Seems like that's what's"}, {"start": "00:04:26", "end": "00:04:31", "text": "happened. So now, obviously since then,"}, {"start": "00:04:28", "end": "00:04:34", "text": "oil prices, right, have come down. Risk"}, {"start": "00:04:31", "end": "00:04:38", "text": "on assets coming up."}, {"start": "00:04:34", "end": "00:04:40", "text": "Okay, those are good things."}, {"start": "00:04:38", "end": "00:04:43", "text": "Iran's position is weaker than Trump's"}, {"start": "00:04:40", "end": "00:04:45", "text": "framing suggests. Agreeing to complete"}, {"start": "00:04:43", "end": "00:04:47", "text": "media and safe opening of Hormuz is a"}, {"start": "00:04:45", "end": "00:04:50", "text": "major concession. It signals Iran is"}, {"start": "00:04:47", "end": "00:04:52", "text": "willing to surrender core leverage point"}, {"start": "00:04:50", "end": "00:04:55", "text": "to avoid further strikes is not"}, {"start": "00:04:52", "end": "00:04:58", "text": "stalement. It's a forced negotiation. So"}, {"start": "00:04:55", "end": "00:05:00", "text": "even though I said that it kind of looks"}, {"start": "00:04:58", "end": "00:05:03", "text": "like the US is basically just agreeing"}, {"start": "00:05:00", "end": "00:05:05", "text": "to their terms, uh this is forcing them"}, {"start": "00:05:03", "end": "00:05:08", "text": "to do so,"}, {"start": "00:05:05", "end": "00:05:11", "text": "right? But"}, {"start": "00:05:08", "end": "00:05:14", "text": "that's not all. That's not all. Trump's"}, {"start": "00:05:11", "end": "00:05:17", "text": "language, we already met exceeded all"}, {"start": "00:05:14", "end": "00:05:19", "text": "military objectives, is retreat,"}, {"start": "00:05:17", "end": "00:05:22", "text": "disguise victory. Military objectives in"}, {"start": "00:05:19", "end": "00:05:24", "text": "Iran are typically regime change or"}, {"start": "00:05:22", "end": "00:05:26", "text": "nuclear cap elimination. Neither has"}, {"start": "00:05:24", "end": "00:05:27", "text": "been achieved. The actual objective here"}, {"start": "00:05:26", "end": "00:05:30", "text": "is to lock in a ceasefire before"}, {"start": "00:05:27", "end": "00:05:34", "text": "escalation cost exceeds political"}, {"start": "00:05:30", "end": "00:05:37", "text": "capital. That's right. I mean, no one no"}, {"start": "00:05:34", "end": "00:05:40", "text": "one wants this war. No one wants this"}, {"start": "00:05:37", "end": "00:05:43", "text": "war. And if the cost continues to go up,"}, {"start": "00:05:40", "end": "00:05:45", "text": "it's going to make Trump look really"}, {"start": "00:05:43", "end": "00:05:49", "text": "bad,"}, {"start": "00:05:45", "end": "00:05:51", "text": "right? So, watch the 20 21st compliance"}, {"start": "00:05:49", "end": "00:05:54", "text": "deadline."}, {"start": "00:05:51", "end": "00:05:57", "text": "There is still a chance Iran does not do"}, {"start": "00:05:54", "end": "00:05:59", "text": "it. There's still a chance that this"}, {"start": "00:05:57", "end": "00:06:01", "text": "breaks down,"}, {"start": "00:05:59", "end": "00:06:03", "text": "but I don't think so. I don't think so."}, {"start": "00:06:01", "end": "00:06:05", "text": "I don't think I don't think that Trump"}, {"start": "00:06:03", "end": "00:06:07", "text": "would oppose to this unless they were in"}, {"start": "00:06:05", "end": "00:06:10", "text": "serious negotiation. They're about to"}, {"start": "00:06:07", "end": "00:06:13", "text": "like broker a deal. So, there's no way"}, {"start": "00:06:10", "end": "00:06:15", "text": "that he put this out if Iran is like a"}, {"start": "00:06:13", "end": "00:06:16", "text": "hard no and they're not doing, you know,"}, {"start": "00:06:15", "end": "00:06:19", "text": "they're not going to go through with it."}, {"start": "00:06:16", "end": "00:06:21", "text": "So, I I doubt it. But uh nevertheless,"}, {"start": "00:06:19", "end": "00:06:24", "text": "we are sitting at 72,000. Tomorrow's"}, {"start": "00:06:21", "end": "00:06:26", "text": "markets will probably be in the green."}, {"start": "00:06:24", "end": "00:06:28", "text": "Hopefully, Bitcoin can go and rally even"}, {"start": "00:06:26", "end": "00:06:32", "text": "more back to 74,000 because that's where"}, {"start": "00:06:28", "end": "00:06:34", "text": "we were before. So, I'm hoping that is"}, {"start": "00:06:32", "end": "00:06:38", "text": "the case, right? So, I guess we'll just"}, {"start": "00:06:34", "end": "00:06:40", "text": "have to see um"}, {"start": "00:06:38", "end": "00:06:44", "text": "how things go. You know what? Before I"}, {"start": "00:06:40", "end": "00:06:47", "text": "let you guys go, let me let me bring up"}, {"start": "00:06:44", "end": "00:06:51", "text": "uh Bitcoin's chart here. Let's see. It"}, {"start": "00:06:47", "end": "00:06:53", "text": "should be looking pretty good. Okay. Uh"}, {"start": "00:06:51", "end": "00:06:55", "text": "one day is still neutral although a lot"}, {"start": "00:06:53", "end": "00:06:57", "text": "of things have turned and you can see"}, {"start": "00:06:55", "end": "00:07:01", "text": "right there that is the point that we"}, {"start": "00:06:57", "end": "00:07:03", "text": "want to break 72,600."}, {"start": "00:07:01", "end": "00:07:07", "text": "We're not too far off from it. But I bet"}, {"start": "00:07:03", "end": "00:07:11", "text": "on the lower time frames we're looking"}, {"start": "00:07:07", "end": "00:07:14", "text": "uh actually lower uh 4 hour the 4 hour"}, {"start": "00:07:11", "end": "00:07:17", "text": "is looking bullish but some of the"}, {"start": "00:07:14", "end": "00:07:22", "text": "shorter time frames 15. Yeah, you could"}, {"start": "00:07:17", "end": "00:07:24", "text": "see clearly clearly above the D43 and"}, {"start": "00:07:22", "end": "00:07:28", "text": "all the other"}, {"start": "00:07:24", "end": "00:07:31", "text": "all the other moving averages,"}, {"start": "00:07:28", "end": "00:07:34", "text": "but maybe we're a little bit over"}, {"start": "00:07:31", "end": "00:07:36", "text": "overbought near-term, right? A little"}, {"start": "00:07:34", "end": "00:07:38", "text": "overextended."}, {"start": "00:07:36", "end": "00:07:40", "text": "Some of these are extended, so we may"}, {"start": "00:07:38", "end": "00:07:41", "text": "pull back a little bit, but overall the"}, {"start": "00:07:40", "end": "00:07:44", "text": "trend is definitely bullish. And you"}, {"start": "00:07:41", "end": "00:07:48", "text": "could see that we just broke out of"}, {"start": "00:07:44", "end": "00:07:50", "text": "there completely, right? very very very"}, {"start": "00:07:48", "end": "00:07:54", "text": "bullish. You look at that inverse head"}, {"start": "00:07:50", "end": "00:07:57", "text": "and shoulders breakout from there. But"}, {"start": "00:07:54", "end": "00:07:59", "text": "obviously all this"}, {"start": "00:07:57", "end": "00:08:03", "text": "was due to"}, {"start": "00:07:59", "end": "00:08:04", "text": "what happened here, right? So"}, {"start": "00:08:03", "end": "00:08:06", "text": "uh we'll see what happens tomorrow."}, {"start": "00:08:04", "end": "00:08:07", "text": "We'll see where Bitcoin goes. It's"}, {"start": "00:08:06", "end": "00:08:11", "text": "looking pretty good though. I'll say"}, {"start": "00:08:07", "end": "00:08:13", "text": "it's looking pretty good. So, uh, enjoy,"}, {"start": "00:08:11", "end": "00:08:15", "text": "guys,"}, {"start": "00:08:13", "end": "00:08:18", "text": "and I'll see you guys tomorrow, 8:30"}, {"start": "00:08:15", "end": "00:08:20", "text": "a.m. Central Standard Time."}, {"start": "00:08:18", "end": "00:08:23", "text": "All right, have a good one, guys. Take"}, {"start": "00:08:20", "end": "00:08:23", "text": "care. Bye-bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "For the past decade, retail investors have been�\naggressively warned that Bitcoin is a speculative��"}, {"start": "00:00:05", "end": "00:00:12", "text": "asset with absolutely no intrinsic value. We were�\nrepeatedly told by the most powerful executives on��"}, {"start": "00:00:12", "end": "00:00:18", "text": "Wall Street that interacting with decentralized�\nnetworks would inevitably lead to financial��"}, {"start": "00:00:18", "end": "00:00:24", "text": "devastation. But a highly coordinated reversal is�\ncurrently unfolding across the entire traditional��"}, {"start": "00:00:24", "end": "00:00:29", "text": "banking sector. And the very institutions that�\nonce dismissed this technology as worthless are��"}, {"start": "00:00:29", "end": "00:00:36", "text": "now all engaged in a brutal multi-billion dollar�\nfee war to dominate the underlying supply. Today��"}, {"start": "00:00:36", "end": "00:00:42", "text": "we reveal why Mo Stanley has deployed an army�\nof 16,000 financial advisers to capture your��"}, {"start": "00:00:42", "end": "00:00:47", "text": "digital wealth and why this institutional�\ninvasion poses a structural danger to the��"}, {"start": "00:00:47", "end": "00:00:54", "text": "core foundation of Bitcoin itself. My name is DC�\nand you're watching the Coin Bureau. Now to fully��"}, {"start": "00:00:54", "end": "00:01:00", "text": "appreciate the magnitude of what is happening, we�\nneed to examine the documented history of Morgan��"}, {"start": "00:01:00", "end": "00:01:05", "text": "Stanley's relationship with Bitcoin because the�\ninstitutional hypocrisy on display is genuinely��"}, {"start": "00:01:05", "end": "00:01:12", "text": "extraordinary. Back in December of 2017, Morgan�\nStanley research analyst James Fett published a��"}, {"start": "00:01:12", "end": "00:01:19", "text": "landmark note titled Bitcoin decrypted in which�\nhe argued that Bitcoin's true value could be zero.��"}, {"start": "00:01:19", "end": "00:01:24", "text": "The core thesis of that analysis was that Bitcoin�\nlacked interest rates, had no physical form,��"}, {"start": "00:01:24", "end": "00:01:29", "text": "and possessed what he described as virtually�\nno acceptance as a currency medium, which was��"}, {"start": "00:01:29", "end": "00:01:34", "text": "actually shrinking at the time of publication.�\nThat note landed when Bitcoin was trading at��"}, {"start": "00:01:34", "end": "00:01:42", "text": "approximately $14,400 per coin. Furthermore, the�\nbank's own CEO, James Gorman, publicly declared��"}, {"start": "00:01:42", "end": "00:01:47", "text": "that Bitcoin was, and I quote, by definition,�\nspeculative, warning that anybody who thought they��"}, {"start": "00:01:47", "end": "00:01:53", "text": "were purchasing a stable investment was, in his�\nwords, deluding themselves. Those statements were��"}, {"start": "00:01:53", "end": "00:01:58", "text": "deliberate public declarations from the executive�\nleadership of one of the most systematically��"}, {"start": "00:01:58", "end": "00:02:04", "text": "important financial institutions on Earth. And of�\ncourse, they shaped the investment decisions of��"}, {"start": "00:02:04", "end": "00:02:12", "text": "millions of retail participants. Now, fast forward�\nto April 8th, 2026. The Morg Stanley officially��"}, {"start": "00:02:12", "end": "00:02:17", "text": "launched the Morg Stanley Bitcoin Trust under�\nthe ticker MSBT on the New York Stock Exchange,��"}, {"start": "00:02:17", "end": "00:02:23", "text": "ARCA, directly entering the spot Bitcoin�\nETF arena with its own proprietary product,��"}, {"start": "00:02:23", "end": "00:02:28", "text": "representing the first time a major systematically�\nimportant United States commercial bank has issued��"}, {"start": "00:02:28", "end": "00:02:35", "text": "a spot Bitcoin ETF on its own brand name. Multiple�\ncredible outlets including Bloomberg, Reuters,��"}, {"start": "00:02:35", "end": "00:02:41", "text": "and Fintech Weekly confirmed this distinction on�\nthe day of launch. This complete transformation��"}, {"start": "00:02:41", "end": "00:02:47", "text": "took approximately 9 years from arguing�\nthat Bitcoin's value was zero to offering��"}, {"start": "00:02:47", "end": "00:02:53", "text": "the cheapest access product on the market. And�\nthe bank's global head of ETFs, Ellison Wallace,��"}, {"start": "00:02:53", "end": "00:02:58", "text": "stated explicitly that they wanted to show�\ntheir commitment by having that lower fee,��"}, {"start": "00:02:58", "end": "00:03:04", "text": "adding that this is an asset class that is not�\ngoing away. But this reversal has nothing to do��"}, {"start": "00:03:04", "end": "00:03:11", "text": "with a genuine philosophical evolution regarding�\ndecentralized technology. No sir, Mong Stanley��"}, {"start": "00:03:11", "end": "00:03:16", "text": "does not suddenly believe in peer-to-peer�\nelectronic cash or financial sovereignity. The��"}, {"start": "00:03:16", "end": "00:03:22", "text": "reality is that Morg Stanley witnessed over $30�\nbillion flow into competing Bitcoin ETFs within��"}, {"start": "00:03:22", "end": "00:03:29", "text": "the first year of the January 2024 SEC approval�\nand they calculated that the management fees being��"}, {"start": "00:03:29", "end": "00:03:34", "text": "captured by Black Rockck and Fidelity represented�\nrevenue that rightfully belonged on their��"}, {"start": "00:03:34", "end": "00:03:40", "text": "balance sheet. This creates a situation where the�\ninstitution that warned you away from Bitcoin for��"}, {"start": "00:03:40", "end": "00:03:46", "text": "nearly a decade is now positioning itself as your�\nprimary gateway into the asset. and they are doing��"}, {"start": "00:03:46", "end": "00:03:52", "text": "so with a pricing strategy specifically engineered�\nto eliminate the competition. MSBT launched with��"}, {"start": "00:03:52", "end": "00:03:59", "text": "an annual expense ratio of just 0.14% which is the�\nlowest among all United States spot bitcoin ETFs��"}, {"start": "00:03:59", "end": "00:04:05", "text": "currently available. Put simply, Morg Stanley is�\nnot competing on brand recognition or analytical��"}, {"start": "00:04:05", "end": "00:04:11", "text": "expertise. They are deploying a predatory pricing�\nstrategy designed to undercut every established��"}, {"start": "00:04:11", "end": "00:04:17", "text": "player in the market. To contextualize the scale�\nof this undercutting, consider the differential��"}, {"start": "00:04:17", "end": "00:04:24", "text": "against BlackRock's IBIT, which charges 0.25%.�\nFor an institutional allocator and employing 10��"}, {"start": "00:04:24", "end": "00:04:30", "text": "million into a Bitcoin ETF, that 11 basis point�\ngap translates to $11,000 in annual savings. Now,��"}, {"start": "00:04:30", "end": "00:04:36", "text": "of course, $11,000 on a single allocation might�\nsound marginal, but when you multiply that��"}, {"start": "00:04:36", "end": "00:04:40", "text": "differential across thousands of high net worth�\naccounts and hundreds of billions in potential��"}, {"start": "00:04:40", "end": "00:04:47", "text": "client capital, the aggregate fee capture becomes�\nabsolutely enormous. And this is precisely the��"}, {"start": "00:04:47", "end": "00:04:52", "text": "strategic calculation that Mongstani is making.�\nThey are not offering the cheapest product because��"}, {"start": "00:04:52", "end": "00:04:58", "text": "they want to democratize access to Bitcoin for the�\naverage citizen. They are offering the cheapest��"}, {"start": "00:04:58", "end": "00:05:03", "text": "product because it functions as a calculated�\nloss leader, a deliberate sacrifice on per unit��"}, {"start": "00:05:03", "end": "00:05:10", "text": "margin designed to monopolize the total volume of�\ninstitutional Bitcoin custody. And it looks like��"}, {"start": "00:05:10", "end": "00:05:14", "text": "their approach is working. Right folks, a quick�\ninterlude because I think you're going to want��"}, {"start": "00:05:14", "end": "00:05:20", "text": "to know this as well. Now, a lot of people still�\nthink Coinbase is just a beginner platform, but��"}, {"start": "00:05:20", "end": "00:05:26", "text": "with Coinbase Advanced, that's actually changed�\nquite a bit. You're getting lower fees, proper��"}, {"start": "00:05:26", "end": "00:05:31", "text": "charting tools, real-time order books, and full�\ncontrol with limit and stop orders. So, it all��"}, {"start": "00:05:31", "end": "00:05:38", "text": "feels much closer to a professional trading setup,�\nbut without the usual complexity. So, whether��"}, {"start": "00:05:38", "end": "00:05:44", "text": "you're stepping up from basic apps or just want a�\ncleaner, more reliable platform, it is definitely��"}, {"start": "00:05:44", "end": "00:05:50", "text": "one to have on your radar. And if you want to try�\nit out, there's currently a limited offer for Coin��"}, {"start": "00:05:50", "end": "00:05:57", "text": "Bureau viewers. You can get $40 in Bitcoin when�\nyou trade $40. Now, this is available in the US,��"}, {"start": "00:05:57", "end": "00:06:03", "text": "Canada, Europe, Singapore, and Australia,�\nbut it's capped to the first 350 people,��"}, {"start": "00:06:03", "end": "00:06:09", "text": "so it may not last long. You can scan the QR code�\non screen now or check the link in the description��"}, {"start": "00:06:09", "end": "00:06:16", "text": "and pinned comment for full details. And with�\nthat, let's get back to it. On its very first��"}, {"start": "00:06:16", "end": "00:06:23", "text": "day of trading, MSPT attracted approximately 30.6�\n$6 million in net inflows and generated roughly��"}, {"start": "00:06:23", "end": "00:06:29", "text": "$34 million in total trading volume. Bloomberg�\nsenior ETF analyst Eric Buchananas categorized��"}, {"start": "00:06:29", "end": "00:06:35", "text": "that debut performance in the top 1% of all ETF�\nlaunches over the preceding year. Furthermore,��"}, {"start": "00:06:35", "end": "00:06:40", "text": "analyst projections suggest MSPT could reach�\n$5 billion in assets under management within��"}, {"start": "00:06:40", "end": "00:06:46", "text": "its first 12 months of operation. You might assume�\nthat this fee war is simply a healthy competitive��"}, {"start": "00:06:46", "end": "00:06:52", "text": "dynamic that benefits the retail investor through�\nlower costs. But that assumption completely��"}, {"start": "00:06:52", "end": "00:06:57", "text": "ignores the distribution weapon that Morg Stanley�\npossesses. One that fundamentally separates it��"}, {"start": "00:06:57", "end": "00:07:02", "text": "from every other player in the Bitcoin ETF�\nlandscape. Morgan Stanley operates a wealth��"}, {"start": "00:07:02", "end": "00:07:09", "text": "management division overseeing approximately 6.2�\n2 trillion in client assets serviced by a network��"}, {"start": "00:07:09", "end": "00:07:16", "text": "of roughly 16,000 financial advisers. This is�\nthe critical detail that transforms MSPT from��"}, {"start": "00:07:16", "end": "00:07:22", "text": "a competitive ETF product into a vertically�\nintegrated capital capture machine. Blackroll��"}, {"start": "00:07:22", "end": "00:07:27", "text": "and Fidelity are asset managers. They manufacture�\ninvestment products and distribute them through��"}, {"start": "00:07:27", "end": "00:07:33", "text": "third-party brokerage platforms. Mong Stanley�\nmanufactures the product and controls the��"}, {"start": "00:07:33", "end": "00:07:39", "text": "advisory relationship with the end clients. Those�\n16,000 advisers sit across from high netw worth��"}, {"start": "00:07:39", "end": "00:07:44", "text": "individuals every single day making personalized�\ninvestment recommendations that carry the full��"}, {"start": "00:07:44", "end": "00:07:50", "text": "institutional weight of one of Wall Street's most�\nrecognizable names. Prior to the MSBT launch,��"}, {"start": "00:07:50", "end": "00:07:56", "text": "these advisers were authorized beginning in August�\nof 2024 to recommend thirdparty Bitcoin meteors,��"}, {"start": "00:07:56", "end": "00:08:03", "text": "specifically Black Rockck's IBIT and Fidelity's�\nFBTC to allegible clients. This means that Mong��"}, {"start": "00:08:03", "end": "00:08:08", "text": "Stanley was essentially funneling its old client�\ncapital into a competitor's fee extracting��"}, {"start": "00:08:08", "end": "00:08:14", "text": "products. And now with MSPT available as a�\nproprietary offering, every single one of those��"}, {"start": "00:08:14", "end": "00:08:20", "text": "advisory conversations becomes an opportunity�\nto redirect management fee revenue directly onto��"}, {"start": "00:08:20", "end": "00:08:25", "text": "Mong Stanley's income statement. Bloomberg�\nanalysts specifically identify this captive��"}, {"start": "00:08:25", "end": "00:08:31", "text": "audience of thousands of advisers as the bank's�\nprimary competitive advantage over incubants who��"}, {"start": "00:08:31", "end": "00:08:36", "text": "lack this direct to client advisory channel. And�\nthe data confirms that this advisory activation��"}, {"start": "00:08:36", "end": "00:08:43", "text": "represents entirely new demand. Approximately�\n80% of crypto ETF activity on the Morgan Stanley��"}, {"start": "00:08:43", "end": "00:08:49", "text": "platform historically came from self-directed�\ninvestors making their own decisions. The advisor��"}, {"start": "00:08:49", "end": "00:08:56", "text": "network is the untapped reservoir and it is now�\nfully operational. This creates a pipeline where��"}, {"start": "00:08:56", "end": "00:09:01", "text": "a single institution controls the advisory�\nrecommendation, the proprietary products,��"}, {"start": "00:09:01", "end": "00:09:07", "text": "the fee collection, and ultimately the custodial�\nrelationship with the underlying Bitcoin. And this��"}, {"start": "00:09:07", "end": "00:09:13", "text": "is where the analysis must shift from competitive�\ndynamics to something far far more consequential��"}, {"start": "00:09:13", "end": "00:09:18", "text": "for the entire future of decentralized finance.�\nWhile mainstream financial media celebrates��"}, {"start": "00:09:18", "end": "00:09:24", "text": "these massive ETF inflows as validation for�\nBitcoin's price trajectory, they are completely��"}, {"start": "00:09:24", "end": "00:09:30", "text": "ignoring the structural danger embedded in this�\ninstitutional accumulation. Every single Bitcoin��"}, {"start": "00:09:30", "end": "00:09:35", "text": "absorbed into the Morgan Stanley Bitcoin Trust�\nor into Black Rockcks Ibid or into any of these��"}, {"start": "00:09:35", "end": "00:09:40", "text": "centralized custodial vehicles is a Bitcoin�\npermanently removed from the decentralized��"}, {"start": "00:09:40", "end": "00:09:48", "text": "peer-to-peer economy. By August of 2025, Black�\nRockck's iBit alone held approximately 745,000��"}, {"start": "00:09:48", "end": "00:09:54", "text": "Bitcoin, which represented roughly 3.5%�\nof Bitcoin's total circulating supply,��"}, {"start": "00:09:54", "end": "00:10:00", "text": "surpassing even the exchange reserves held by�\nCoinbase and Binance. Furthermore, the total US��"}, {"start": "00:10:00", "end": "00:10:08", "text": "spot Bitcoin ETF market collectively controls�\nan estimated 5.7% of Bitcoin's entire supply,��"}, {"start": "00:10:08", "end": "00:10:13", "text": "and that percentage is growing with every single�\ntrading day. But the concentration risk extends��"}, {"start": "00:10:13", "end": "00:10:20", "text": "beyond just the ETF issuers themselves. Coinbase�\nCEO Brian Armstrong stated in February 2026 that��"}, {"start": "00:10:20", "end": "00:10:27", "text": "his company custodies over 80% of all US�\nBitcoin and Ethereum ETF assets. That means��"}, {"start": "00:10:27", "end": "00:10:32", "text": "a single corporate custodian is responsible�\nfor safeguarding the overwhelming majority��"}, {"start": "00:10:32", "end": "00:10:39", "text": "of institutionally held Bitcoin across virtually�\nevery major ETF product on the market, including��"}, {"start": "00:10:39", "end": "00:10:46", "text": "Mong Stanley's MSBT. Analysis from Crypto Slate�\ndocumented that Coinbase holds approximately 1.5��"}, {"start": "00:10:46", "end": "00:10:52", "text": "million Bitcoin tied to ETF custody arrangements�\nrepresenting roughly 7% of Bitcoin's maximum��"}, {"start": "00:10:52", "end": "00:11:00", "text": "supply concentrated under one roof. A single�\noperational failure, a single regulatory action��"}, {"start": "00:11:00", "end": "00:11:06", "text": "or a single security breach at the custodian could�\nsimultaneously disrupt the holdings of BlackRub,��"}, {"start": "00:11:06", "end": "00:11:12", "text": "Fidelity, Mong Stanley and dozens of other�\nfund managers. As Crypto Slake noted, custody��"}, {"start": "00:11:12", "end": "00:11:18", "text": "is supposed to be boring, but concentration risk�\nmakes every bad quarter feel like a stress test.��"}, {"start": "00:11:18", "end": "00:11:23", "text": "This creates a paradox that Cointelegraph�\narticulated precisely when they observe that��"}, {"start": "00:11:23", "end": "00:11:29", "text": "the decentralized asset is increasingly controlled�\nby centralized institutions. And this brings us to��"}, {"start": "00:11:29", "end": "00:11:34", "text": "the ultimate structural trap that these legacy�\nfinancial products represent for the individual��"}, {"start": "00:11:34", "end": "00:11:41", "text": "investor. When you purchase Bitcoin through�\na spot ETF like MSBT, you do not own Bitcoin.��"}, {"start": "00:11:41", "end": "00:11:46", "text": "You own a share in a trust that holds Bitcoin�\non your behalf, managed by Mong Stanley,��"}, {"start": "00:11:46", "end": "00:11:53", "text": "custodied by Coinbase, and administered by BNY�\nMelon. You cannot transfer that Bitcoin to a��"}, {"start": "00:11:53", "end": "00:11:59", "text": "self-custody wallet secured by your own private�\nkeys. You cannot deploy a wrapped version of that��"}, {"start": "00:11:59", "end": "00:12:05", "text": "Bitcoin into DeFi protocols to generate yield�\nor provide liquidity. And you certainly cannot��"}, {"start": "00:12:05", "end": "00:12:10", "text": "conduct a single peer-to-peer transaction, which�\nis the fundamental capability described in the��"}, {"start": "00:12:10", "end": "00:12:17", "text": "very first sentence of Satoshi Nakamoto's white�\npaper. In other words, you are locked inside a��"}, {"start": "00:12:17", "end": "00:12:23", "text": "walled garden where the bank dictates exactly when�\nand how you can access the economic value of your��"}, {"start": "00:12:23", "end": "00:12:28", "text": "own holdings. And they extract a perpetual�\nmanagement fee for the privilege of that��"}, {"start": "00:12:28", "end": "00:12:34", "text": "restriction. Not your keys, not your coins.�\nThat principle is the foundational security��"}, {"start": "00:12:34", "end": "00:12:39", "text": "architecture of Bitcoin and every dollar flowing�\ninto these institutional products represents��"}, {"start": "00:12:39", "end": "00:12:45", "text": "a voluntary abandonment of that architecture.�\nThe endgame becomes visible when you trace the��"}, {"start": "00:12:45", "end": "00:12:52", "text": "complete vertical integration that Morgan Stanley�\nis currently constructing. In February of 2026,��"}, {"start": "00:12:52", "end": "00:12:57", "text": "the bank applied to the office of the controller�\nof the currency for a national trust bank charter��"}, {"start": "00:12:57", "end": "00:13:04", "text": "for a proposed entity called Mong Stanley Digital�\nTrust National Association. That application��"}, {"start": "00:13:04", "end": "00:13:10", "text": "covers digital asset custody, fiduciary staking,�\nand token transfers, positioning Mong Stanley��"}, {"start": "00:13:10", "end": "00:13:15", "text": "to eventually become its own Bitcoin custodian,�\neliminating even the dependency on Coinbase. They��"}, {"start": "00:13:15", "end": "00:13:20", "text": "are simultaneously planning to launch direct spot�\ntrading of Bitcoin, Ethereum and Solana on their��"}, {"start": "00:13:20", "end": "00:13:26", "text": "Erade platform through infrastructure provided�\nby Zeroash, a company which Mong Stanley invested��"}, {"start": "00:13:26", "end": "00:13:33", "text": "during a hundred billion funding round. So to put�\nit simply, Morg Stanley is not merely offering a��"}, {"start": "00:13:33", "end": "00:13:39", "text": "Bitcoin ETF. They are systematically constructing�\na complete institutional capture architecture��"}, {"start": "00:13:39", "end": "00:13:45", "text": "that encompasses the advisory recommendation, the�\ninvestment product, the custodial infrastructure��"}, {"start": "00:13:45", "end": "00:13:51", "text": "and the retail trading platform. Every single�\nlayer of that architecture extracts fees. Every��"}, {"start": "00:13:51", "end": "00:13:57", "text": "single layer removes Bitcoin from circulation�\nand every single layer concentrates control over��"}, {"start": "00:13:57", "end": "00:14:03", "text": "a permissionless asset inside the exact type of�\ninstitution that Bitcoin was originally designed��"}, {"start": "00:14:03", "end": "00:14:08", "text": "to circumvent it. By embracing these institutional�\nproducts, retail investors are voluntarily handing��"}, {"start": "00:14:08", "end": "00:14:15", "text": "the keys of the financial revolution back to the�\nvery banks whose failures precipitated the 2008��"}, {"start": "00:14:15", "end": "00:14:21", "text": "crisis, the crisis that inspired the creation of�\nBitcoin in the first place. So the launch of the��"}, {"start": "00:14:21", "end": "00:14:27", "text": "Morgan Stanley Bitcoin Trust is not a moment for�\nthe crypto community to celebrate. It is a warning��"}, {"start": "00:14:27", "end": "00:14:34", "text": "that the legacy financial system has recognized it�\ncannot destroy decentralized technology. So it has��"}, {"start": "00:14:34", "end": "00:14:40", "text": "chosen to absorb it instead. By weaponizing the�\nlowest fees in the market and activating thousands��"}, {"start": "00:14:40", "end": "00:14:45", "text": "of wealth advisers who collectively oversee�\ntrillions and trillions in client capital, they��"}, {"start": "00:14:45", "end": "00:14:51", "text": "are centralizing the supply of the world's most�\npristine digital commodity. When the overwhelming��"}, {"start": "00:14:51", "end": "00:14:57", "text": "majority of Bitcoin sits inside institutional�\ncoal storage vaults operated by a handful of��"}, {"start": "00:14:57", "end": "00:15:04", "text": "corporate custodians, the revolutionary promise�\nof peer-to-peer electronic cash is fundamentally��"}, {"start": "00:15:04", "end": "00:15:10", "text": "compromised. The traditional banking cartel is�\nactively constructing a velvet trap and millions��"}, {"start": "00:15:10", "end": "00:15:17", "text": "of investors are walking directly into it. But�\nwhat do you think? Will the convenience of these��"}, {"start": "00:15:17", "end": "00:15:23", "text": "ultra low fee ETFs ultimately erode the�\nfoundational ethos of self- custody or will��"}, {"start": "00:15:23", "end": "00:15:28", "text": "the underlying decentralized network remain�\nresilient despite this massive institutional��"}, {"start": "00:15:28", "end": "00:15:34", "text": "accumulation? Please get highly opinionated in�\nthe comment section below. And if you want to��"}, {"start": "00:15:34", "end": "00:15:39", "text": "understand exactly how these same legacy banks�\nare lobbying Congress to restrict stable coin��"}, {"start": "00:15:39", "end": "00:15:46", "text": "yields for everyday users, you must definitely�\ncheck out our deep dive video right over here.��"}, {"start": "00:15:46", "end": "00:15:52", "text": "Thank you all so much for watching and I'll see�\nyou again very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "One of the crypto markets standout features is�\nthe fact that it trades 24/7, 365 days a year.��"}, {"start": "00:00:06", "end": "00:00:12", "text": "Meanwhile, sleepy old Trapfi clocks off for the�\nweekend on Friday afternoon and doesn't power��"}, {"start": "00:00:12", "end": "00:00:18", "text": "up again until Sunday evening. Well, the world's�\nlargest derivatives exchange has decided to change��"}, {"start": "00:00:18", "end": "00:00:24", "text": "this, and its impending pivot to roundthe-clock�\ntrading is set to have massive consequences for��"}, {"start": "00:00:24", "end": "00:00:33", "text": "all crypto dens. My name is DC and you're watching�\nthe Coin Bureau. The CME Group is a trady behemoth��"}, {"start": "00:00:33", "end": "00:00:40", "text": "boasting a market capitalization of 108.59�\nbillion and generating over $6.5 billion in��"}, {"start": "00:00:40", "end": "00:00:46", "text": "annual revenue. They operate as a systematically�\nimportant financial institution that handles��"}, {"start": "00:00:46", "end": "00:00:52", "text": "the vast majority of regulated institutional�\nderivatives trading within the United States.��"}, {"start": "00:00:52", "end": "00:00:59", "text": "In 2025, this single exchange processed�\na cool $3 trillion in cryptonional volume��"}, {"start": "00:00:59", "end": "00:01:04", "text": "across their futures and options product.�\nTo put that sum into proper perspective,��"}, {"start": "00:01:04", "end": "00:01:14", "text": "the CME's average daily volume surged by 139%�\nyearover-year to reach 278,000 contracts per day.��"}, {"start": "00:01:14", "end": "00:01:21", "text": "This represents approximately $12 billion in daily�\nnotional value flowing entirely through regulated��"}, {"start": "00:01:21", "end": "00:01:27", "text": "trad channels. However, despite handling this�\nastronomical level of digital asset liquidity, the��"}, {"start": "00:01:27", "end": "00:01:33", "text": "exchange has historically operated on a distinctly�\nantiquated schedule. Their cryptocurrency��"}, {"start": "00:01:33", "end": "00:01:39", "text": "futures currently halt trading every Friday�\nafternoon, precisely 400 p.m. Central time,��"}, {"start": "00:01:39", "end": "00:01:45", "text": "and remain completely dark until Sunday evening�\nat 5:00 p.m. Central time. This weekend blackout��"}, {"start": "00:01:45", "end": "00:01:50", "text": "window creates a massive structural vulnerability�\nfor any institutional investor holding active��"}, {"start": "00:01:50", "end": "00:01:58", "text": "derivatives positions. But starting on May 29th,�\n2026, this century old legacy scheduling is going��"}, {"start": "00:01:58", "end": "00:02:03", "text": "to be permanently dismantled. The exchange has�\nofficially announced that their entire suite��"}, {"start": "00:02:03", "end": "00:02:09", "text": "of cryptocurrencies, futures, and options will�\ntransition to a continuous 24/7 trading schedule��"}, {"start": "00:02:09", "end": "00:02:16", "text": "on the CME Globex platform. And this operational�\nshift effectively eliminates the most infamous��"}, {"start": "00:02:16", "end": "00:02:23", "text": "technical artifact in the entire digital asset�\nindustry. You see, for years, retail traders and��"}, {"start": "00:02:23", "end": "00:02:30", "text": "institutional algorithms alike have obsessively�\ntracked the phenomenon widely known as the CME��"}, {"start": "00:02:30", "end": "00:02:35", "text": "gap. Because the traditional exchange closes�\non Friday, while the underlying spot markets��"}, {"start": "00:02:35", "end": "00:02:41", "text": "continue trading throughout the weekend, a�\nprice discrepancy inevitably forms when the��"}, {"start": "00:02:41", "end": "00:02:47", "text": "futures market finally reopens Sunday evening.�\nThis discrepancy creates a zone of unfilled��"}, {"start": "00:02:47", "end": "00:02:53", "text": "institutional orders that the market statistically�\ngravitates back toward as large players seek to��"}, {"start": "00:02:53", "end": "00:03:00", "text": "reestablish the misaligned positions. Historical�\ndata confirms that these specific price gaps are��"}, {"start": "00:03:00", "end": "00:03:07", "text": "eventually filled approximately 77% of the�\ntime. This historical threearters probability��"}, {"start": "00:03:07", "end": "00:03:12", "text": "turned the gap into a magnetic price target that�\nheavily influenced short-term trading strategies��"}, {"start": "00:03:12", "end": "00:03:18", "text": "across the entire ecosystem. The psychological�\nimpact of these weakened blackout periods was��"}, {"start": "00:03:18", "end": "00:03:23", "text": "most pronounced during high volatility events when�\ngeopolitical news or macroeconomic data dropped��"}, {"start": "00:03:23", "end": "00:03:29", "text": "while the institutional venue was completely�\noffline. Institutional hedges were consistently��"}, {"start": "00:03:29", "end": "00:03:35", "text": "forced to endure severe basis risk during these�\nweakened windows. So, in plain English, this��"}, {"start": "00:03:35", "end": "00:03:40", "text": "is the financial exposure that occurs when the�\nprice of an asset moves dramatically, but you're��"}, {"start": "00:03:40", "end": "00:03:45", "text": "completely locked out of adjusting your protective�\nhedges. When the exchange finally reopens on��"}, {"start": "00:03:45", "end": "00:03:51", "text": "Sunday evening, the resulting flood of delayed�\ninstitutional reactions reliably triggers massive��"}, {"start": "00:03:51", "end": "00:03:58", "text": "Monday morning volatility shocks. But once the new�\ncontinuous trading schedule activates in late May,��"}, {"start": "00:03:58", "end": "00:04:04", "text": "this specific structural artifact will cease to�\nexist. There will never be another traditional��"}, {"start": "00:04:04", "end": "00:04:10", "text": "weekend gap formed on the institutional futures�\nchart because the market will simply never close.��"}, {"start": "00:04:10", "end": "00:04:16", "text": "However, examining the exact operational mechanics�\nof this continuous trading environment reveals a��"}, {"start": "00:04:16", "end": "00:04:23", "text": "bureaucratic absurdity. Despite the front-end�\ntrading interface remaining active throughout��"}, {"start": "00:04:23", "end": "00:04:30", "text": "the entire weekend, any trades executed between�\nFriday evening and Sunday evening will officially��"}, {"start": "00:04:30", "end": "00:04:36", "text": "carry the next business days trade date. The�\nclearing, settlement, and regulatory reporting��"}, {"start": "00:04:36", "end": "00:04:41", "text": "for those weekend trades will still be processed�\non the following Monday according to traditional��"}, {"start": "00:04:41", "end": "00:04:48", "text": "banking schedules. Because nothing screams cutting�\nedge financial innovation quite like a global��"}, {"start": "00:04:48", "end": "00:04:53", "text": "decentralized market being forced to wait for�\na traditional bank teller to clock in after the��"}, {"start": "00:04:53", "end": "00:05:00", "text": "weekend. Now to address this glaring settlement�\nfriction, the CME is actively collaborating with��"}, {"start": "00:05:00", "end": "00:05:05", "text": "Google Cloud to use their universal leisure�\ninfrastructure. This ambitious tokenized cash��"}, {"start": "00:05:05", "end": "00:05:11", "text": "initiative is designed to enable real-time margin�\ncalls and instantaneous settlement with Bank of��"}, {"start": "00:05:11", "end": "00:05:16", "text": "Montreal serving as the first legacy institution�\non the platform. Furthermore, their chief��"}, {"start": "00:05:16", "end": "00:05:23", "text": "executive officer Terry Duffy has openly confirmed�\nthat the exchange is exploring the creation of a��"}, {"start": "00:05:23", "end": "00:05:29", "text": "proprietary digital token specifically�\nfor derivatives collateral management.��"}, {"start": "00:05:29", "end": "00:05:34", "text": "He emphasized that as the systematically important�\nfinancial institution, their proprietary token��"}, {"start": "00:05:34", "end": "00:05:39", "text": "would offer superior trust compared to�\ndecentralized alternatives. And of course,��"}, {"start": "00:05:39", "end": "00:05:45", "text": "we should absolutely trust the largest legacy�\nfinancial institutions to build our decentralized��"}, {"start": "00:05:45", "end": "00:05:50", "text": "future because they have always always prioritized�\nthe financial sovereignity of the working class.��"}, {"start": "00:05:50", "end": "00:05:56", "text": "Right? And by the way, tracking these massive�\ninstitutional infrastructure upgrades before they��"}, {"start": "00:05:56", "end": "00:06:03", "text": "fundamentally alter the macroeconomic landscape�\nis exactly why you need the Coin Bureau Telegram��"}, {"start": "00:06:03", "end": "00:06:08", "text": "channel. This is where we share the latest�\nbreaking news, provide deep dive alpha, and give��"}, {"start": "00:06:08", "end": "00:06:13", "text": "you the most important market updates regarding�\nthese global regulatory shifts. So, please make��"}, {"start": "00:06:13", "end": "00:06:18", "text": "sure that you secure yourformational advantage�\ntoday by clicking the link in the description��"}, {"start": "00:06:18", "end": "00:06:25", "text": "below or by scanning the QR code currently�\ndisplayed on your screen. Now, the transition to��"}, {"start": "00:06:25", "end": "00:06:31", "text": "continuous trading is only the first layer of this�\nmassive institutional expansion strategy. Pending��"}, {"start": "00:06:31", "end": "00:06:37", "text": "regulatory approval from the commodities futures�\ntrading commission, the exchange is simultaneously��"}, {"start": "00:06:37", "end": "00:06:44", "text": "launching new futures contracts for avalanche and�\nsui on May 4th. These new offerings will include��"}, {"start": "00:06:44", "end": "00:06:51", "text": "both standard and microsiz contracts that are�\nentirely cash settled against their respective��"}, {"start": "00:06:51", "end": "00:06:57", "text": "institutional reference rates. While the CME has�\nnot explicitly published their selection criteria,��"}, {"start": "00:06:57", "end": "00:07:03", "text": "these two specific digital assets clearly meet the�\nrequired market cap thresholds and already possess��"}, {"start": "00:07:03", "end": "00:07:09", "text": "established pricing benchmark infrastructure. Now,�\nmany optimistic investors assume that securing a��"}, {"start": "00:07:09", "end": "00:07:15", "text": "regulated futures listing on the world's largest�\nderivatives exchange is an exclusively bullish��"}, {"start": "00:07:15", "end": "00:07:21", "text": "catalyst for any altcoin. But this assumption�\nis largely based on the historical precedent��"}, {"start": "00:07:21", "end": "00:07:27", "text": "established when Ethereum futures were launched�\nback in February of 2021. Following that specific��"}, {"start": "00:07:27", "end": "00:07:33", "text": "institutional integration, the underlying asset�\nexperienced a massive price appreciation that��"}, {"start": "00:07:33", "end": "00:07:39", "text": "ultimately culminated in a record-breaking�\nall-time high later that same year. More recently,��"}, {"start": "00:07:39", "end": "00:07:45", "text": "the Solana spot quoted futures contracts that�\nlaunched in December of 2025 managed to accumulate��"}, {"start": "00:07:45", "end": "00:07:51", "text": "$1 billion in open interest within just five�\nmonths. That incredibly rapid adoption metric��"}, {"start": "00:07:51", "end": "00:07:57", "text": "actually outpaced the institutional uptake�\nspeed of both Bitcoin and Ethereum during��"}, {"start": "00:07:57", "end": "00:08:02", "text": "their respective launch windows. However, the�\nfundamental structural flaw with this optimistic��"}, {"start": "00:08:02", "end": "00:08:08", "text": "perspective is that it completely ignores the�\nreality of synthetic paper supply. Because��"}, {"start": "00:08:08", "end": "00:08:14", "text": "these institutional derivatives are entirely cash�\nsettled, a massive macro hedge fund will be able��"}, {"start": "00:08:14", "end": "00:08:19", "text": "to establish a dominant short position against�\nAvalanche or SUI without ever needing to borrow��"}, {"start": "00:08:19", "end": "00:08:25", "text": "the actual underlying tokens. This introduces�\nan unlimited amount of synthetic supply into��"}, {"start": "00:08:25", "end": "00:08:31", "text": "the market that can aggressively suppress price�\ndiscovery occurring on decentralized venues. So��"}, {"start": "00:08:31", "end": "00:08:35", "text": "institutional participants are granted the�\nability to extract massive financial value��"}, {"start": "00:08:35", "end": "00:08:41", "text": "from the volatility of these networks without�\nactually contributing any tangible liquidity to��"}, {"start": "00:08:41", "end": "00:08:45", "text": "the underlying blockchain ecosystem. This�\ncreates a parallel financial architecture��"}, {"start": "00:08:45", "end": "00:08:51", "text": "where trapfi dictates the price of a digital�\nasset while remaining completely insulated��"}, {"start": "00:08:51", "end": "00:08:57", "text": "from the actual technology. And this dynamic�\nperfectly illustrates the broad existential��"}, {"start": "00:08:57", "end": "00:09:03", "text": "threat currently facing the entire crypto industry�\nas it becomes increasingly intertwined with legacy��"}, {"start": "00:09:03", "end": "00:09:08", "text": "infrastructure. We are currently witnessing�\nthe aggressive and methodical absorption of��"}, {"start": "00:09:08", "end": "00:09:14", "text": "digital assets into the traditional financial�\nsystem. During the first quarter of 2026,��"}, {"start": "00:09:14", "end": "00:09:21", "text": "the Black Rockck Spot Bitcoin ETF was consistently�\nhandling between 16 and 18 billion in daily��"}, {"start": "00:09:21", "end": "00:09:26", "text": "trading volume. That daily institutional flow�\nis more than double the volume processed by the��"}, {"start": "00:09:26", "end": "00:09:32", "text": "largest centralized crypto exchange in the United�\nStates. Furthermore, global spot ETFs absorbed an��"}, {"start": "00:09:32", "end": "00:09:39", "text": "astonishing $18 billion in net inflows during�\nthe first quarter of 2026 alone. Institutional��"}, {"start": "00:09:39", "end": "00:09:46", "text": "ownership of these specific investment vehicles�\nreached 38% by the end of 2025, representing a��"}, {"start": "00:09:46", "end": "00:09:52", "text": "massive consolidation of digital wealth by�\nlegacy asset managers. This institutional��"}, {"start": "00:09:52", "end": "00:09:57", "text": "capture accelerated even further when Morgan�\nStanley launched the very first bankisssued spot��"}, {"start": "00:09:57", "end": "00:10:03", "text": "bitcoin product on April 8th with an aggressively�\nlow fee structure. And as these traditional��"}, {"start": "00:10:03", "end": "00:10:08", "text": "investment vehicles continue to dominate the�\nmarket, the underlying liquidity profile of��"}, {"start": "00:10:08", "end": "00:10:14", "text": "the entire asset class is changing. Prior to�\nthe approval of these institutional products,��"}, {"start": "00:10:14", "end": "00:10:20", "text": "digital asset trading volume was relatively evenly�\ndistributed across global time zones. Today,��"}, {"start": "00:10:20", "end": "00:10:25", "text": "the vast majority of market liquidity is heavily�\nconcentrated during standard US stock market��"}, {"start": "00:10:25", "end": "00:10:31", "text": "operating hours. The implementation of continuous�\n24/7 trading on the world's largest derivatives��"}, {"start": "00:10:31", "end": "00:10:38", "text": "exchange is simply the next logical step in�\nthis comprehensive institutional takeover. So by��"}, {"start": "00:10:38", "end": "00:10:43", "text": "eliminating the weakened blackout window, Tradfi�\nis effectively neutralizing the last remaining��"}, {"start": "00:10:43", "end": "00:10:49", "text": "structural advantage held by offshore perpetual�\nexchanges and D5 protocol. The legacy financial��"}, {"start": "00:10:49", "end": "00:10:55", "text": "system is actively building out the necessary�\ninfrastructure to monopolize the price discovery��"}, {"start": "00:10:55", "end": "00:11:01", "text": "layer of the entire crypto market. Centralized�\ninstitutions are systematically stripping away��"}, {"start": "00:11:01", "end": "00:11:07", "text": "the revolutionary foundational ethos of�\ncryptocurrency and repackaging it as just��"}, {"start": "00:11:07", "end": "00:11:12", "text": "another alternative investment class. The reality�\nis that as more institutional capital flows��"}, {"start": "00:11:12", "end": "00:11:19", "text": "through regulated trades, the original vision�\nof a purely peer-to-peer electronic cash system��"}, {"start": "00:11:19", "end": "00:11:24", "text": "becomes increasingly marginalized. The massive�\nmacroeconomic landscape is shifting rapidly and��"}, {"start": "00:11:24", "end": "00:11:30", "text": "the traditional banking cartel is determined to�\nensure that they maintain absolute control over��"}, {"start": "00:11:30", "end": "00:11:35", "text": "the fiat liquidity gateways. On one hand, the�\nexpansion of continuous institutional trading��"}, {"start": "00:11:35", "end": "00:11:41", "text": "provides undeniable legitimacy and significantly�\ndeeper liquidity for the broader digital asset��"}, {"start": "00:11:41", "end": "00:11:46", "text": "ecosystem. But on the other hand though,�\nthis aggressive institutional integration��"}, {"start": "00:11:46", "end": "00:11:52", "text": "threatens to permanently transform decentralized�\nnetworks into highly regulated appendages of the��"}, {"start": "00:11:52", "end": "00:11:58", "text": "legacy financial system. So the boundary between�\ntraditional finance and cryptocurrency has not��"}, {"start": "00:11:58", "end": "00:12:03", "text": "simply blurred over the past year. that has�\neffectively been dissolved by these massive��"}, {"start": "00:12:03", "end": "00:12:10", "text": "infrastructure upgrades. Crypto has lost a big�\nchunk of its soul. But what do you think? Will��"}, {"start": "00:12:10", "end": "00:12:15", "text": "these regulated futures contracts ultimately�\nstabilize the market or are they simply a��"}, {"start": "00:12:15", "end": "00:12:20", "text": "mechanism for legacy institutions to suppress�\ndecentralized price discovery? Please let me��"}, {"start": "00:12:20", "end": "00:12:26", "text": "know your thoughts in the comments below. And if�\nyou want to understand exactly how major asset��"}, {"start": "00:12:26", "end": "00:12:31", "text": "managers are using tokenized treasury funds�\nto extract yield from decentralized networks,��"}, {"start": "00:12:31", "end": "00:12:36", "text": "then you should definitely check out our�\ndeep dive video right over here. Thank you��"}, {"start": "00:12:36", "end": "00:12:42", "text": "all so much for watching and I'll see you�\nagain very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "We have October's massive liquidation"}, {"start": "00:00:02", "end": "00:00:07", "text": "event to thank for kicking off this"}, {"start": "00:00:04", "end": "00:00:09", "text": "cryptobear market. And since then, many"}, {"start": "00:00:07", "end": "00:00:12", "text": "investors have wondered whether leverage"}, {"start": "00:00:09", "end": "00:00:15", "text": "has made the whole crypto market weaker."}, {"start": "00:00:12", "end": "00:00:17", "text": "But onchain data suggests otherwise. A"}, {"start": "00:00:15", "end": "00:00:19", "text": "recent report by Galaxy Research"}, {"start": "00:00:17", "end": "00:00:21", "text": "provides some much needed clarity, and"}, {"start": "00:00:19", "end": "00:00:24", "text": "today we're breaking it down for you in"}, {"start": "00:00:21", "end": "00:00:27", "text": "simple terms. So, the report is titled,"}, {"start": "00:00:24", "end": "00:00:31", "text": "quote, \"The state of crypto leverage Q4"}, {"start": "00:00:27", "end": "00:00:32", "text": "2025 surviving a stress test.\" As"}, {"start": "00:00:31", "end": "00:00:34", "text": "always, we'll be giving you the key"}, {"start": "00:00:32", "end": "00:00:35", "text": "takeaways right here in this video, but"}, {"start": "00:00:34", "end": "00:00:38", "text": "we'll leave a link to the full report"}, {"start": "00:00:35", "end": "00:00:40", "text": "down in the description for you if for"}, {"start": "00:00:38", "end": "00:00:42", "text": "some unfathomable reason you're"}, {"start": "00:00:40", "end": "00:00:44", "text": "interested in reading it. Now, the"}, {"start": "00:00:42", "end": "00:00:47", "text": "report begins by exploring the world of"}, {"start": "00:00:44", "end": "00:00:49", "text": "cryptocolateralized lending. Its authors"}, {"start": "00:00:47", "end": "00:00:52", "text": "highlight some well-known casualties"}, {"start": "00:00:49", "end": "00:00:55", "text": "from 2022 and 2023, including big names"}, {"start": "00:00:52", "end": "00:00:58", "text": "like Voyager, Celsius, BlockFi, Genesis,"}, {"start": "00:00:55", "end": "00:01:01", "text": "and Silvergate. However, there are also"}, {"start": "00:00:58", "end": "00:01:04", "text": "a few new additions such as Loopscale, a"}, {"start": "00:01:01", "end": "00:01:07", "text": "modular order bookbased lending protocol"}, {"start": "00:01:04", "end": "00:01:09", "text": "on Salana, and Milo, a crypto mortgage"}, {"start": "00:01:07", "end": "00:01:12", "text": "lender that created the crypto mortgage"}, {"start": "00:01:09", "end": "00:01:15", "text": "category in 2022. The report then zooms"}, {"start": "00:01:12", "end": "00:01:18", "text": "in on lenders in centralized finance or"}, {"start": "00:01:15", "end": "00:01:22", "text": "CFI. By the end of Q4 last year, there"}, {"start": "00:01:18", "end": "00:01:25", "text": "were over $27 billion in open CFI"}, {"start": "00:01:22", "end": "00:01:28", "text": "borrows. This was up 11% from Q3 and"}, {"start": "00:01:25", "end": "00:01:30", "text": "marked eight consecutive quarters of"}, {"start": "00:01:28", "end": "00:01:34", "text": "growth. Specifically, CFI borrows grew"}, {"start": "00:01:30", "end": "00:01:38", "text": "by 280% since the bare market bottom of"}, {"start": "00:01:34", "end": "00:01:41", "text": "Q4 2023 when open borrow sat at just $7"}, {"start": "00:01:38", "end": "00:01:45", "text": "billion. That said, it's still a way off"}, {"start": "00:01:41", "end": "00:01:49", "text": "from CFI's peak of $ 37 billion back in"}, {"start": "00:01:45", "end": "00:01:51", "text": "Q1 2022. Notably, in Q4, most CFI"}, {"start": "00:01:49", "end": "00:01:54", "text": "lenders that weren't stable coin issuers"}, {"start": "00:01:51", "end": "00:01:56", "text": "saw their loan books remain flat or"}, {"start": "00:01:54", "end": "00:01:58", "text": "shrink slightly. The big exception here,"}, {"start": "00:01:56", "end": "00:02:00", "text": "though, was Coinbase, which recorded its"}, {"start": "00:01:58", "end": "00:02:04", "text": "largest quarterly loan growth ever,"}, {"start": "00:02:00", "end": "00:02:08", "text": "adding roughly $438 million in new"}, {"start": "00:02:04", "end": "00:02:10", "text": "loans, almost 48% higher than in Q3. The"}, {"start": "00:02:08", "end": "00:02:13", "text": "dominant force in CFI lending though was"}, {"start": "00:02:10", "end": "00:02:16", "text": "Tether, which controlled 61% of the"}, {"start": "00:02:13", "end": "00:02:18", "text": "market by the end of Q4 last year."}, {"start": "00:02:16", "end": "00:02:21", "text": "Intriguingly, Maple Finance also cracked"}, {"start": "00:02:18", "end": "00:02:23", "text": "the top three with a 6.6% share,"}, {"start": "00:02:21", "end": "00:02:27", "text": "narrowly edging out Galaxy themselves at"}, {"start": "00:02:23", "end": "00:02:29", "text": "6.5%. This means that collectively, the"}, {"start": "00:02:27", "end": "00:02:33", "text": "top three lenders now control a whopping"}, {"start": "00:02:29", "end": "00:02:35", "text": "75% of the CFI lending market. However,"}, {"start": "00:02:33", "end": "00:02:37", "text": "the report's authors stress that market"}, {"start": "00:02:35", "end": "00:02:39", "text": "share alone doesn't paint the full"}, {"start": "00:02:37", "end": "00:02:41", "text": "picture of CFI lending because different"}, {"start": "00:02:39", "end": "00:02:44", "text": "lenders operate under different"}, {"start": "00:02:41", "end": "00:02:47", "text": "constraints. For instance, some only"}, {"start": "00:02:44", "end": "00:02:49", "text": "offer specific loan types like BTC or"}, {"start": "00:02:47", "end": "00:02:52", "text": "altcoin back loans while others only"}, {"start": "00:02:49", "end": "00:02:54", "text": "serve certain clients or jurisdictions."}, {"start": "00:02:52", "end": "00:02:56", "text": "These structural differences are why"}, {"start": "00:02:54", "end": "00:02:59", "text": "some lenders can scale faster than"}, {"start": "00:02:56", "end": "00:03:03", "text": "others. Anyhow, the report then compares"}, {"start": "00:02:59", "end": "00:03:07", "text": "CFI and DeFi lending. Outstanding DeFi"}, {"start": "00:03:03", "end": "00:03:10", "text": "loans fell 24% in Q4 to about $33"}, {"start": "00:03:07", "end": "00:03:12", "text": "billion. Combined with CFI, that puts"}, {"start": "00:03:10", "end": "00:03:16", "text": "total cryptocolateralized borrows at"}, {"start": "00:03:12", "end": "00:03:18", "text": "roughly $61 billion by the end of Q4"}, {"start": "00:03:16", "end": "00:03:21", "text": "last year, which is actually an 11% drop"}, {"start": "00:03:18", "end": "00:03:25", "text": "from Q3. Still, that's higher than the"}, {"start": "00:03:21", "end": "00:03:28", "text": "2020 2021 cycle peak of around 58"}, {"start": "00:03:25", "end": "00:03:30", "text": "billion. The report notes three key"}, {"start": "00:03:28", "end": "00:03:33", "text": "reasons for the decline in DeFi"}, {"start": "00:03:30", "end": "00:03:35", "text": "borrowing. The first relates to looping"}, {"start": "00:03:33", "end": "00:03:37", "text": "strategies which became less viable"}, {"start": "00:03:35", "end": "00:03:39", "text": "after last year's liquidation event on"}, {"start": "00:03:37", "end": "00:03:41", "text": "the 10th of October. Put simply, the"}, {"start": "00:03:39", "end": "00:03:44", "text": "spread between DeFi borrowing costs and"}, {"start": "00:03:41", "end": "00:03:46", "text": "what you could earn on a yield thinned"}, {"start": "00:03:44", "end": "00:03:48", "text": "out to the point that looping strategies"}, {"start": "00:03:46", "end": "00:03:50", "text": "weren't as profitable anymore. The"}, {"start": "00:03:48", "end": "00:03:52", "text": "second key reason D5 borrowing dropped"}, {"start": "00:03:50", "end": "00:03:54", "text": "also relates to the October drawdown,"}, {"start": "00:03:52", "end": "00:03:56", "text": "which had two knock-on effects. First,"}, {"start": "00:03:54", "end": "00:03:59", "text": "the value of collateral backing loans"}, {"start": "00:03:56", "end": "00:04:01", "text": "fell dramatically, forcing borrowers to"}, {"start": "00:03:59", "end": "00:04:03", "text": "repay their loans or else face being"}, {"start": "00:04:01", "end": "00:04:05", "text": "liquidated. And second, the risk"}, {"start": "00:04:03", "end": "00:04:08", "text": "appetite for new leverage loans quickly"}, {"start": "00:04:05", "end": "00:04:11", "text": "dried up as the market continued to"}, {"start": "00:04:08", "end": "00:04:13", "text": "trend down. Anyway, the third key reason"}, {"start": "00:04:11", "end": "00:04:16", "text": "for the drop in DeFi borrowing was that"}, {"start": "00:04:13", "end": "00:04:20", "text": "CFI borrowing costs hit unusually low"}, {"start": "00:04:16", "end": "00:04:22", "text": "levels in Q4. off-chain rates fell below"}, {"start": "00:04:20", "end": "00:04:25", "text": "onchain rates, making CFI borrowing"}, {"start": "00:04:22", "end": "00:04:26", "text": "especially attractive and opening a"}, {"start": "00:04:25", "end": "00:04:29", "text": "clear window of opportunity for"}, {"start": "00:04:26", "end": "00:04:31", "text": "borrowers. This doesn't happen often."}, {"start": "00:04:29", "end": "00:04:34", "text": "Usually, D5 borrowing is similarly"}, {"start": "00:04:31", "end": "00:04:36", "text": "priced, if not cheaper. Whatever the"}, {"start": "00:04:34", "end": "00:04:38", "text": "case, though, Q4's decline in"}, {"start": "00:04:36", "end": "00:04:41", "text": "outstanding D5 borrows meant that its"}, {"start": "00:04:38", "end": "00:04:45", "text": "lead over CFI lending shrank back to"}, {"start": "00:04:41", "end": "00:04:47", "text": "levels last seen in Q1 of 2025. By the"}, {"start": "00:04:45", "end": "00:04:50", "text": "end of the year, DeFi lending apps"}, {"start": "00:04:47", "end": "00:04:54", "text": "accounted for 54% of total lending"}, {"start": "00:04:50", "end": "00:04:57", "text": "across both DY and CFI, down from 64% in"}, {"start": "00:04:54", "end": "00:05:00", "text": "Q3. Then the report turns to"}, {"start": "00:04:57", "end": "00:05:02", "text": "collateralized debt position or CDP"}, {"start": "00:05:00", "end": "00:05:04", "text": "stable coins. For context,"}, {"start": "00:05:02", "end": "00:05:06", "text": "collateralized debt position stable"}, {"start": "00:05:04", "end": "00:05:08", "text": "coins are overcolateralized with crypto,"}, {"start": "00:05:06", "end": "00:05:10", "text": "just like with other crypto loans, but"}, {"start": "00:05:08", "end": "00:05:13", "text": "instead of borrowing crypto, you mint a"}, {"start": "00:05:10", "end": "00:05:16", "text": "synthetic USD peg token against your"}, {"start": "00:05:13", "end": "00:05:19", "text": "collateral. Anyway, the authors note"}, {"start": "00:05:16", "end": "00:05:22", "text": "that there was a 3% increase in CDP"}, {"start": "00:05:19", "end": "00:05:24", "text": "stable coin supply from Q3 to Q4."}, {"start": "00:05:22", "end": "00:05:27", "text": "However, they add that some of the data"}, {"start": "00:05:24", "end": "00:05:30", "text": "may have overlapped since some C5 firms"}, {"start": "00:05:27", "end": "00:05:33", "text": "use CDP stable coins to fund loans to"}, {"start": "00:05:30", "end": "00:05:35", "text": "their off-chain clients. Regardless,"}, {"start": "00:05:33", "end": "00:05:38", "text": "total cryptocolateralized lending fell"}, {"start": "00:05:35", "end": "00:05:42", "text": "nearly 10% in Q4 to just under $70"}, {"start": "00:05:38", "end": "00:05:46", "text": "billion, almost 7% below the 2021 peak"}, {"start": "00:05:42", "end": "00:05:49", "text": "of roughly $75 billion. By the end of Q4"}, {"start": "00:05:46", "end": "00:05:51", "text": "last year, D5 lending apps made up 48%"}, {"start": "00:05:49", "end": "00:05:55", "text": "of the cryptocolateralized lending"}, {"start": "00:05:51", "end": "00:05:57", "text": "market. Meanwhile, CFI venues held 39%"}, {"start": "00:05:55", "end": "00:05:59", "text": "and the crypto collateral part of CDP"}, {"start": "00:05:57", "end": "00:06:03", "text": "stable coins accounted for a further"}, {"start": "00:05:59", "end": "00:06:05", "text": "12%. And if you combine D5 lending apps"}, {"start": "00:06:03", "end": "00:06:08", "text": "and CDP stable coins, then onchain"}, {"start": "00:06:05", "end": "00:06:10", "text": "lending made up 60% of the market,"}, {"start": "00:06:08", "end": "00:06:13", "text": "although this was down slightly from the"}, {"start": "00:06:10", "end": "00:06:15", "text": "previous quarter. Okay, the next part of"}, {"start": "00:06:13", "end": "00:06:18", "text": "the report zooms in on DeFi lending for"}, {"start": "00:06:15", "end": "00:06:20", "text": "stable coins and major cryptos like"}, {"start": "00:06:18", "end": "00:06:22", "text": "Bitcoin and Ethereum. But before we get"}, {"start": "00:06:20", "end": "00:06:24", "text": "into that, like the video and subscribe"}, {"start": "00:06:22", "end": "00:06:26", "text": "to the channel if you haven't already."}, {"start": "00:06:24", "end": "00:06:28", "text": "And let me tell you about the Coinb's"}, {"start": "00:06:26", "end": "00:06:29", "text": "Telegram channel. That's where we share"}, {"start": "00:06:28", "end": "00:06:31", "text": "the latest breaking news, provide deep"}, {"start": "00:06:29", "end": "00:06:33", "text": "dive alpha, and give you the most"}, {"start": "00:06:31", "end": "00:06:35", "text": "important market updates, all pinged to"}, {"start": "00:06:33", "end": "00:06:37", "text": "your device so you don't miss a thing."}, {"start": "00:06:35", "end": "00:06:40", "text": "So sign up today using the link in the"}, {"start": "00:06:37", "end": "00:06:43", "text": "description or this QR code. Okay, back"}, {"start": "00:06:40", "end": "00:06:45", "text": "to the video. The report notes that"}, {"start": "00:06:43", "end": "00:06:48", "text": "outstanding borrows on DeFi apps have"}, {"start": "00:06:45", "end": "00:06:52", "text": "shrunk a massive 40% from their all-time"}, {"start": "00:06:48", "end": "00:06:55", "text": "highs from $47 billion in September 2025"}, {"start": "00:06:52", "end": "00:06:57", "text": "to 28 billion by February this year."}, {"start": "00:06:55", "end": "00:06:59", "text": "What's crazy is that most of this"}, {"start": "00:06:57", "end": "00:07:02", "text": "activity was on Ethereum. Specifically,"}, {"start": "00:06:59", "end": "00:07:05", "text": "DeFi lending on Ethereum peaked at $37"}, {"start": "00:07:02", "end": "00:07:09", "text": "billion, but has since fallen by $16"}, {"start": "00:07:05", "end": "00:07:11", "text": "billion. That accounts for roughly 85%"}, {"start": "00:07:09", "end": "00:07:14", "text": "of the total draw down in DeFi lending"}, {"start": "00:07:11", "end": "00:07:17", "text": "since the September peak. Next, the"}, {"start": "00:07:14", "end": "00:07:19", "text": "report turns to over-the-counter or OTC"}, {"start": "00:07:17", "end": "00:07:21", "text": "borrowing. Now, for context, OTC deals"}, {"start": "00:07:19", "end": "00:07:23", "text": "are arranged by a private entity,"}, {"start": "00:07:21", "end": "00:07:26", "text": "usually between a lender and an"}, {"start": "00:07:23", "end": "00:07:28", "text": "accredited investor. The loans terms"}, {"start": "00:07:26", "end": "00:07:29", "text": "like interest rates, the maturity"}, {"start": "00:07:28", "end": "00:07:31", "text": "period, and even the value of the"}, {"start": "00:07:29", "end": "00:07:34", "text": "borrower's collateral are agreed up"}, {"start": "00:07:31", "end": "00:07:36", "text": "front. Anyway, the report's authors"}, {"start": "00:07:34", "end": "00:07:41", "text": "explained that OTC interest rates for"}, {"start": "00:07:36", "end": "00:07:44", "text": "circles USDC declined from 6.5% to 3.5%"}, {"start": "00:07:41", "end": "00:07:46", "text": "in Q4, but have since remained pretty"}, {"start": "00:07:44", "end": "00:07:48", "text": "flat. And as mentioned earlier,"}, {"start": "00:07:46", "end": "00:07:50", "text": "off-chain borrowing rates for stable"}, {"start": "00:07:48", "end": "00:07:52", "text": "coins fell below onchain borrowing rates"}, {"start": "00:07:50", "end": "00:07:54", "text": "for the first time in almost 2 years,"}, {"start": "00:07:52", "end": "00:07:57", "text": "creating a rare opportunity for"}, {"start": "00:07:54", "end": "00:08:00", "text": "off-chain borrowers. The authors also"}, {"start": "00:07:57", "end": "00:08:02", "text": "provide a chart showing the OTC borrower"}, {"start": "00:08:00", "end": "00:08:05", "text": "rates for Tether's USDT, which show a"}, {"start": "00:08:02", "end": "00:08:09", "text": "similar trend, also falling from around"}, {"start": "00:08:05", "end": "00:08:11", "text": "6.5% in Q3 to around 3.5% in Q4. The"}, {"start": "00:08:09", "end": "00:08:13", "text": "difference, though, is that off-chain"}, {"start": "00:08:11", "end": "00:08:15", "text": "borrowing rates for USDT have been more"}, {"start": "00:08:13", "end": "00:08:17", "text": "tightly correlated with onchain"}, {"start": "00:08:15", "end": "00:08:20", "text": "borrowing rates than has been the case"}, {"start": "00:08:17", "end": "00:08:22", "text": "with USDC. The report then turns to"}, {"start": "00:08:20", "end": "00:08:25", "text": "borrowing rates for Bitcoin, or more"}, {"start": "00:08:22", "end": "00:08:27", "text": "specifically, wrapped BTC. The authors"}, {"start": "00:08:25", "end": "00:08:30", "text": "note that borrowing costs for WBTC are"}, {"start": "00:08:27", "end": "00:08:32", "text": "typically low because most people use"}, {"start": "00:08:30", "end": "00:08:34", "text": "WBTC for collateral. There's not really"}, {"start": "00:08:32", "end": "00:08:37", "text": "much demand for borrowing it. As a"}, {"start": "00:08:34", "end": "00:08:39", "text": "result, onchain borrowing costs for BTC"}, {"start": "00:08:37", "end": "00:08:41", "text": "have remained fairly consistent, unlike"}, {"start": "00:08:39", "end": "00:08:43", "text": "stable coins, which have constant"}, {"start": "00:08:41", "end": "00:08:45", "text": "borrowing demand. In any case, the"}, {"start": "00:08:43", "end": "00:08:47", "text": "authors note that Bitcoin lending"}, {"start": "00:08:45", "end": "00:08:50", "text": "continued its historical trend in Q4,"}, {"start": "00:08:47", "end": "00:08:53", "text": "where borrowing BTC on chain remained"}, {"start": "00:08:50", "end": "00:08:55", "text": "cheaper than borrowing OTC. However, the"}, {"start": "00:08:53", "end": "00:08:58", "text": "gap between the two thinned with onchain"}, {"start": "00:08:55", "end": "00:09:00", "text": "costs rising and off-chain costs"}, {"start": "00:08:58", "end": "00:09:03", "text": "falling. The authors point out that OTC"}, {"start": "00:09:00", "end": "00:09:06", "text": "borrowing of Bitcoin has two primary"}, {"start": "00:09:03", "end": "00:09:08", "text": "demand drivers. Shorting BTC's price and"}, {"start": "00:09:06", "end": "00:09:11", "text": "using BTC as collateral for loans in"}, {"start": "00:09:08", "end": "00:09:13", "text": "stable coins or cash. Next up are the"}, {"start": "00:09:11", "end": "00:09:17", "text": "borrowing rates for Ethereum's ETH and"}, {"start": "00:09:13", "end": "00:09:19", "text": "Lido's staked ETH or ST. Notably,"}, {"start": "00:09:17", "end": "00:09:21", "text": "borrowing ETH has historically been more"}, {"start": "00:09:19", "end": "00:09:24", "text": "expensive than borrowing ST ETH simply"}, {"start": "00:09:21", "end": "00:09:26", "text": "because normal ETH is in higher demand."}, {"start": "00:09:24", "end": "00:09:28", "text": "As the authors explain, borrowing demand"}, {"start": "00:09:26", "end": "00:09:31", "text": "comes from looping strategies where"}, {"start": "00:09:28", "end": "00:09:34", "text": "users borrow ETH, stake it, then receive"}, {"start": "00:09:31", "end": "00:09:36", "text": "Lido's ST ETH, and then use that ST as"}, {"start": "00:09:34", "end": "00:09:39", "text": "collateral to borrow more ETH to"}, {"start": "00:09:36", "end": "00:09:41", "text": "effectively boost their staking rewards."}, {"start": "00:09:39", "end": "00:09:44", "text": "But again, this looping strategy stops"}, {"start": "00:09:41", "end": "00:09:46", "text": "making sense when borrowing costs rise"}, {"start": "00:09:44", "end": "00:09:49", "text": "above the staking yield. So, ETH borrow"}, {"start": "00:09:46", "end": "00:09:53", "text": "rates rarely stay above staking returns"}, {"start": "00:09:49", "end": "00:09:55", "text": "for long. And just like with WBTC, the"}, {"start": "00:09:53", "end": "00:09:57", "text": "demand for borrowing STE is typically"}, {"start": "00:09:55", "end": "00:09:59", "text": "lower than borrowing normal ETH. Because"}, {"start": "00:09:57", "end": "00:10:01", "text": "while ETH is used for all kinds of"}, {"start": "00:09:59", "end": "00:10:04", "text": "things across the Ethereum network, ST"}, {"start": "00:10:01", "end": "00:10:06", "text": "ETH is typically used as collateral and"}, {"start": "00:10:04", "end": "00:10:09", "text": "not much else. The authors then explain"}, {"start": "00:10:06", "end": "00:10:13", "text": "how people use liquid staking tokens,"}, {"start": "00:10:09", "end": "00:10:15", "text": "LSTs, and liquid restaking tokens, LRTs,"}, {"start": "00:10:13", "end": "00:10:19", "text": "in their looping strategies. Basically,"}, {"start": "00:10:15", "end": "00:10:21", "text": "the user deposits LSTs and LRTs as"}, {"start": "00:10:19", "end": "00:10:23", "text": "collateral. And because both variants"}, {"start": "00:10:21", "end": "00:10:25", "text": "generate a yield, they can effectively"}, {"start": "00:10:23", "end": "00:10:28", "text": "borrow ETH at low or even negative"}, {"start": "00:10:25", "end": "00:10:31", "text": "interest rates. This ETH is then staked"}, {"start": "00:10:28", "end": "00:10:34", "text": "for more LSTs and LRTs, and the cycle"}, {"start": "00:10:31", "end": "00:10:36", "text": "begins again. And if you're wondering"}, {"start": "00:10:34", "end": "00:10:39", "text": "what could possibly go wrong, well,"}, {"start": "00:10:36", "end": "00:10:41", "text": "you're not alone. But believe it or not,"}, {"start": "00:10:39", "end": "00:10:44", "text": "this strategy has been surprisingly"}, {"start": "00:10:41", "end": "00:10:45", "text": "successful. Albeit for a few occasions"}, {"start": "00:10:44", "end": "00:10:48", "text": "where the borrowing costs for ETH have"}, {"start": "00:10:45", "end": "00:10:50", "text": "spiked above the staking APY. For"}, {"start": "00:10:48", "end": "00:10:53", "text": "example, in July last year, the cost to"}, {"start": "00:10:50", "end": "00:10:56", "text": "borrow wrapped ETH on Ave spiked well"}, {"start": "00:10:53", "end": "00:10:58", "text": "above the staking yield. Anyway, the"}, {"start": "00:10:56", "end": "00:11:01", "text": "report then looks at ETH's OTC borrowing"}, {"start": "00:10:58", "end": "00:11:03", "text": "rates. Like with BTC, borrowing ETH"}, {"start": "00:11:01", "end": "00:11:05", "text": "onchain has historically been a cheaper"}, {"start": "00:11:03", "end": "00:11:08", "text": "method than borrowing off-chain through"}, {"start": "00:11:05", "end": "00:11:10", "text": "OTC venues for two reasons similar to"}, {"start": "00:11:08", "end": "00:11:12", "text": "what we mentioned with Bitcoin. First,"}, {"start": "00:11:10", "end": "00:11:14", "text": "there isn't much off-chain demand for"}, {"start": "00:11:12", "end": "00:11:17", "text": "borrowing ETH to short its price. And"}, {"start": "00:11:14", "end": "00:11:18", "text": "second, ETH staking yield serves as the"}, {"start": "00:11:17", "end": "00:11:20", "text": "floor rate for off-chain borrowing since"}, {"start": "00:11:18", "end": "00:11:23", "text": "there's not much incentive for users to"}, {"start": "00:11:20", "end": "00:11:25", "text": "deposit their assets offchain for less"}, {"start": "00:11:23", "end": "00:11:27", "text": "than what they'd get through staking"}, {"start": "00:11:25", "end": "00:11:29", "text": "rewards. This works both ways, too."}, {"start": "00:11:27", "end": "00:11:32", "text": "Off-chain lending rates serve as the"}, {"start": "00:11:29", "end": "00:11:34", "text": "floor rate for staking APY and staking"}, {"start": "00:11:32", "end": "00:11:37", "text": "APYs serve as the ceiling rate for"}, {"start": "00:11:34", "end": "00:11:38", "text": "off-chain borrowing rates. Right, folks,"}, {"start": "00:11:37", "end": "00:11:41", "text": "a quick interlude because I think you're"}, {"start": "00:11:38", "end": "00:11:43", "text": "going to want to know this as well. Now,"}, {"start": "00:11:41", "end": "00:11:45", "text": "a lot of people still think Coinbase is"}, {"start": "00:11:43", "end": "00:11:47", "text": "just a beginner platform, but with"}, {"start": "00:11:45", "end": "00:11:49", "text": "Coinbase Advanced, that's actually"}, {"start": "00:11:47", "end": "00:11:51", "text": "changed quite a bit. You're getting"}, {"start": "00:11:49", "end": "00:11:54", "text": "lower fees, proper charting tools,"}, {"start": "00:11:51", "end": "00:11:56", "text": "real-time order books, and full control"}, {"start": "00:11:54", "end": "00:11:58", "text": "with limit and stop orders. So, it all"}, {"start": "00:11:56", "end": "00:12:01", "text": "feels much closer to a professional"}, {"start": "00:11:58", "end": "00:12:03", "text": "trading setup, but without the usual"}, {"start": "00:12:01", "end": "00:12:05", "text": "complexity. So, whether you're stepping"}, {"start": "00:12:03", "end": "00:12:08", "text": "up from basic apps or just want a"}, {"start": "00:12:05", "end": "00:12:10", "text": "cleaner, more reliable platform, it is"}, {"start": "00:12:08", "end": "00:12:12", "text": "definitely one to have on your radar."}, {"start": "00:12:10", "end": "00:12:14", "text": "And if you want to try it out, there's"}, {"start": "00:12:12", "end": "00:12:17", "text": "currently a limited offer for Coin"}, {"start": "00:12:14", "end": "00:12:21", "text": "Bureau viewers. You can get $40 in"}, {"start": "00:12:17", "end": "00:12:23", "text": "Bitcoin when you trade $40. Now, this is"}, {"start": "00:12:21", "end": "00:12:25", "text": "available in the US, Canada, Europe,"}, {"start": "00:12:23", "end": "00:12:28", "text": "Singapore, and Australia, but it's"}, {"start": "00:12:25", "end": "00:12:30", "text": "capped to the first 350 people, so it"}, {"start": "00:12:28", "end": "00:12:33", "text": "may not last long. You can scan the QR"}, {"start": "00:12:30", "end": "00:12:35", "text": "code on screen now, or check the link in"}, {"start": "00:12:33", "end": "00:12:38", "text": "the description and pinned comment for"}, {"start": "00:12:35", "end": "00:12:41", "text": "full details. And with that, let's get"}, {"start": "00:12:38", "end": "00:12:43", "text": "back to it. Okay, the next part of the"}, {"start": "00:12:41", "end": "00:12:45", "text": "report shifts to corporate debt"}, {"start": "00:12:43", "end": "00:12:48", "text": "strategies of digital asset treasuries"}, {"start": "00:12:45", "end": "00:12:49", "text": "or DATs. basically any publicly traded"}, {"start": "00:12:48", "end": "00:12:52", "text": "company with crypto on its balance"}, {"start": "00:12:49", "end": "00:12:54", "text": "sheet. The report notes that Galaxy"}, {"start": "00:12:52", "end": "00:12:56", "text": "tracked more than 14 billion dollars in"}, {"start": "00:12:54", "end": "00:12:59", "text": "outstanding debt through Q4 used to"}, {"start": "00:12:56", "end": "00:13:01", "text": "bolster crypto reserves. Notably, this"}, {"start": "00:12:59", "end": "00:13:03", "text": "debt stayed remarkably flat throughout"}, {"start": "00:13:01", "end": "00:13:06", "text": "Q4, which makes sense considering market"}, {"start": "00:13:03", "end": "00:13:08", "text": "conditions at the time. Then the authors"}, {"start": "00:13:06", "end": "00:13:11", "text": "provide a chart showing the earliest"}, {"start": "00:13:08", "end": "00:13:13", "text": "maturity, call or put dates of the debt"}, {"start": "00:13:11", "end": "00:13:15", "text": "taken on by various DATs. For anyone"}, {"start": "00:13:13", "end": "00:13:18", "text": "confused, the maturity date is when the"}, {"start": "00:13:15", "end": "00:13:20", "text": "debt naturally comes due. A call date is"}, {"start": "00:13:18", "end": "00:13:22", "text": "when a DAT chooses to pay it off early,"}, {"start": "00:13:20", "end": "00:13:25", "text": "and the put date is when lenders can"}, {"start": "00:13:22", "end": "00:13:28", "text": "force ADAT to repay early. The more you"}, {"start": "00:13:25", "end": "00:13:30", "text": "know. Anyhow, the report explains that"}, {"start": "00:13:28", "end": "00:13:33", "text": "the earliest debt isn't due until June"}, {"start": "00:13:30", "end": "00:13:36", "text": "2027, and even then, the amount due is"}, {"start": "00:13:33", "end": "00:13:40", "text": "pretty minimal. But things could get"}, {"start": "00:13:36", "end": "00:13:42", "text": "spicy between Q2 and Q4 of 2028, though,"}, {"start": "00:13:40", "end": "00:13:44", "text": "when tens of billions of dollars will"}, {"start": "00:13:42", "end": "00:13:46", "text": "need to be repaid. That said, this gives"}, {"start": "00:13:44", "end": "00:13:49", "text": "Treasury companies plenty of time to"}, {"start": "00:13:46", "end": "00:13:50", "text": "figure out how to stay profitable and to"}, {"start": "00:13:49", "end": "00:13:53", "text": "handle those repayments comfortably"}, {"start": "00:13:50", "end": "00:13:55", "text": "without causing chaos in the market."}, {"start": "00:13:53", "end": "00:13:57", "text": "Well, fingers crossed. Anyway, scary"}, {"start": "00:13:55", "end": "00:14:00", "text": "thoughts aside, the report then looks at"}, {"start": "00:13:57", "end": "00:14:02", "text": "the quarterly interest due on debt"}, {"start": "00:14:00", "end": "00:14:04", "text": "issued debt. You might assume that"}, {"start": "00:14:02", "end": "00:14:06", "text": "Michael Sailor's Strategy would pay the"}, {"start": "00:14:04", "end": "00:14:08", "text": "most since it's the world's largest"}, {"start": "00:14:06", "end": "00:14:12", "text": "treasury company, but you'd be wrong."}, {"start": "00:14:08", "end": "00:14:16", "text": "The top spot actually goes to VHF Parent"}, {"start": "00:14:12", "end": "00:14:19", "text": "LLC, a subsidiary of Virtue Financial."}, {"start": "00:14:16", "end": "00:14:21", "text": "Its interest burden is $66.2 million per"}, {"start": "00:14:19", "end": "00:14:25", "text": "quarter, while Strategies sits at just"}, {"start": "00:14:21", "end": "00:14:27", "text": "$17.5 million. It's worth noting that"}, {"start": "00:14:25", "end": "00:14:31", "text": "Virtue Financial currently holds around"}, {"start": "00:14:27", "end": "00:14:34", "text": "$410 BTC valued at roughly $29 million"}, {"start": "00:14:31", "end": "00:14:37", "text": "at the time of shooting, roughly half of"}, {"start": "00:14:34", "end": "00:14:39", "text": "VFH's quarterly debt burden. That said,"}, {"start": "00:14:37", "end": "00:14:41", "text": "the company's crypto exposure doesn't"}, {"start": "00:14:39", "end": "00:14:43", "text": "necessarily compare to its interest"}, {"start": "00:14:41", "end": "00:14:45", "text": "costs since the two are fundamentally"}, {"start": "00:14:43", "end": "00:14:47", "text": "different metrics. Still, food for"}, {"start": "00:14:45", "end": "00:14:49", "text": "thought. Whatever the case, the report"}, {"start": "00:14:47", "end": "00:14:52", "text": "then shows the total cryptoreated debt"}, {"start": "00:14:49", "end": "00:14:55", "text": "outstanding in Q4, which sat at $84"}, {"start": "00:14:52", "end": "00:14:57", "text": "billion. This sounds like a lot, but it"}, {"start": "00:14:55", "end": "00:14:59", "text": "had actually reduced slightly from Q3"}, {"start": "00:14:57", "end": "00:15:02", "text": "when total debt was at an all-time high"}, {"start": "00:14:59", "end": "00:15:05", "text": "of more than $91 billion. Thank god it"}, {"start": "00:15:02", "end": "00:15:07", "text": "doesn't have to be repaid for years, eh?"}, {"start": "00:15:05", "end": "00:15:09", "text": "Now, the next part of the report looks"}, {"start": "00:15:07", "end": "00:15:11", "text": "at the futures market. The authors"}, {"start": "00:15:09", "end": "00:15:13", "text": "explained that in Q4, open interest in"}, {"start": "00:15:11", "end": "00:15:18", "text": "futures, including perpetual futures,"}, {"start": "00:15:13", "end": "00:15:21", "text": "dropped by almost 40% from Q3, from 197"}, {"start": "00:15:18", "end": "00:15:23", "text": "billion to $120 billion. And unless"}, {"start": "00:15:21", "end": "00:15:25", "text": "you're new to crypto or have been living"}, {"start": "00:15:23", "end": "00:15:27", "text": "under a rock for the last 6 months,"}, {"start": "00:15:25", "end": "00:15:29", "text": "you'll know this was driven by the 10th"}, {"start": "00:15:27", "end": "00:15:32", "text": "of October liquidation event. That's"}, {"start": "00:15:29", "end": "00:15:33", "text": "when almost $20 billion was wiped out of"}, {"start": "00:15:32", "end": "00:15:36", "text": "the crypto market in a single day,"}, {"start": "00:15:33", "end": "00:15:39", "text": "making it the largest liquidation event"}, {"start": "00:15:36", "end": "00:15:40", "text": "in crypto's 17-year history. As a result"}, {"start": "00:15:39", "end": "00:15:43", "text": "of those liquidations, the futures"}, {"start": "00:15:40", "end": "00:15:46", "text": "market struggled throughout Q4. Bitcoin"}, {"start": "00:15:43", "end": "00:15:48", "text": "futures open interest fell about 34% and"}, {"start": "00:15:46", "end": "00:15:50", "text": "Ethereum futures dropped the same"}, {"start": "00:15:48", "end": "00:15:53", "text": "amount. Salana futures open interest"}, {"start": "00:15:50", "end": "00:15:55", "text": "fell even harder, down over 46% while"}, {"start": "00:15:53", "end": "00:15:58", "text": "the broader altcoin market nearly"}, {"start": "00:15:55", "end": "00:16:00", "text": "halved. Even by February this year, open"}, {"start": "00:15:58", "end": "00:16:02", "text": "interest still hasn't recovered,"}, {"start": "00:16:00", "end": "00:16:04", "text": "suggesting leverage is still working its"}, {"start": "00:16:02", "end": "00:16:06", "text": "way out of the system across the board."}, {"start": "00:16:04", "end": "00:16:08", "text": "That said, the authors also note that if"}, {"start": "00:16:06", "end": "00:16:10", "text": "you're assessing the total amount of"}, {"start": "00:16:08", "end": "00:16:12", "text": "leverage in the crypto market, simply"}, {"start": "00:16:10", "end": "00:16:14", "text": "looking at futures open interest won't"}, {"start": "00:16:12", "end": "00:16:17", "text": "give you the full picture. In many"}, {"start": "00:16:14", "end": "00:16:20", "text": "cases, open interest is also offset with"}, {"start": "00:16:17", "end": "00:16:22", "text": "long spot positions, allowing traders to"}, {"start": "00:16:20", "end": "00:16:24", "text": "gain delta neutral exposure to the"}, {"start": "00:16:22", "end": "00:16:26", "text": "underlying asset. Next, the report"}, {"start": "00:16:24", "end": "00:16:28", "text": "reveals that Binance had the largest"}, {"start": "00:16:26", "end": "00:16:30", "text": "share of the open interest perpetual"}, {"start": "00:16:28", "end": "00:16:33", "text": "futures market, controlling 20% by the"}, {"start": "00:16:30", "end": "00:16:36", "text": "end of Q4. The CME ranked second with"}, {"start": "00:16:33", "end": "00:16:39", "text": "13% followed by Gate with roughly 10%"}, {"start": "00:16:36", "end": "00:16:41", "text": "and Hyperlquid with around 6%. And"}, {"start": "00:16:39", "end": "00:16:44", "text": "finally, the authors note that perpetual"}, {"start": "00:16:41", "end": "00:16:47", "text": "open interest fell by a massive 39% in"}, {"start": "00:16:44", "end": "00:16:51", "text": "Q4 from around $158 billion at the end"}, {"start": "00:16:47", "end": "00:16:53", "text": "of Q3 to around 96 billion by year end."}, {"start": "00:16:51", "end": "00:16:56", "text": "And things have only worsened since"}, {"start": "00:16:53", "end": "00:16:58", "text": "then, too. By February, perpetual open"}, {"start": "00:16:56", "end": "00:17:01", "text": "interest dropped to roughly $75 billion,"}, {"start": "00:16:58", "end": "00:17:03", "text": "less than half of its peak in early"}, {"start": "00:17:01", "end": "00:17:06", "text": "October. That said, perpetual still"}, {"start": "00:17:03", "end": "00:17:08", "text": "account for about 80% of open interest,"}, {"start": "00:17:06", "end": "00:17:10", "text": "basically unchanged from Q3. And with"}, {"start": "00:17:08", "end": "00:17:13", "text": "that, folks, we've reached the end of"}, {"start": "00:17:10", "end": "00:17:15", "text": "this report. Hallelujah. And hopefully"}, {"start": "00:17:13", "end": "00:17:17", "text": "the end of a few misconceptions about"}, {"start": "00:17:15", "end": "00:17:19", "text": "crypto leverage, too. And just a"}, {"start": "00:17:17", "end": "00:17:22", "text": "reminder, you can find the full report"}, {"start": "00:17:19", "end": "00:17:23", "text": "linked in the description below. For now"}, {"start": "00:17:22", "end": "00:17:25", "text": "though, you're probably wondering what"}, {"start": "00:17:23", "end": "00:17:27", "text": "all of this means for the future of"}, {"start": "00:17:25", "end": "00:17:30", "text": "leverage in the crypto market. Well, as"}, {"start": "00:17:27", "end": "00:17:32", "text": "the authors conclude, Q4 provided a"}, {"start": "00:17:30", "end": "00:17:35", "text": "major stress test for crypto, but the"}, {"start": "00:17:32", "end": "00:17:38", "text": "outcome was actually quite positive."}, {"start": "00:17:35", "end": "00:17:40", "text": "Yes, leverage came down hard. DeFi"}, {"start": "00:17:38", "end": "00:17:42", "text": "borrowing shrank, futures open interest"}, {"start": "00:17:40", "end": "00:17:45", "text": "was wiped out, and a lot of speculative"}, {"start": "00:17:42", "end": "00:17:47", "text": "strategies simply stopped making sense."}, {"start": "00:17:45", "end": "00:17:50", "text": "But crucially, this all happened in an"}, {"start": "00:17:47", "end": "00:17:52", "text": "orderly way. CFI lenders absorbed the"}, {"start": "00:17:50", "end": "00:17:54", "text": "largest liquidation event in crypto's"}, {"start": "00:17:52", "end": "00:17:56", "text": "history without triggering a broader"}, {"start": "00:17:54", "end": "00:17:58", "text": "cascade of failures, while DeFi did"}, {"start": "00:17:56", "end": "00:18:00", "text": "exactly what it's designed to do,"}, {"start": "00:17:58", "end": "00:18:02", "text": "automatically deleveraging as prices and"}, {"start": "00:18:00", "end": "00:18:05", "text": "yields fell. What's even more"}, {"start": "00:18:02", "end": "00:18:07", "text": "interesting, though, is where leverage"}, {"start": "00:18:05", "end": "00:18:09", "text": "now lives. It's more concentrated, more"}, {"start": "00:18:07", "end": "00:18:12", "text": "transparent, and increasingly split"}, {"start": "00:18:09", "end": "00:18:14", "text": "between sophisticated onchain strategies"}, {"start": "00:18:12", "end": "00:18:17", "text": "and institutional off-chain borrowing."}, {"start": "00:18:14", "end": "00:18:19", "text": "The wild reflexive leverage of previous"}, {"start": "00:18:17", "end": "00:18:20", "text": "cycles hasn't disappeared. But it's"}, {"start": "00:18:19", "end": "00:18:23", "text": "clearly being replaced by more"}, {"start": "00:18:20", "end": "00:18:25", "text": "structured, more riskaware models. That"}, {"start": "00:18:23", "end": "00:18:28", "text": "doesn't mean the danger's gone. Far from"}, {"start": "00:18:25", "end": "00:18:30", "text": "it. As yields rise again and prices"}, {"start": "00:18:28", "end": "00:18:32", "text": "recover, leverage will creep back into"}, {"start": "00:18:30", "end": "00:18:34", "text": "the system like it always does. But this"}, {"start": "00:18:32", "end": "00:18:36", "text": "time, it's returning to a crypto market"}, {"start": "00:18:34", "end": "00:18:39", "text": "whose infrastructure has already been"}, {"start": "00:18:36", "end": "00:18:41", "text": "stress tested under extreme conditions."}, {"start": "00:18:39", "end": "00:18:43", "text": "And that's arguably the biggest takeaway"}, {"start": "00:18:41", "end": "00:18:45", "text": "of all because it shows that crypto's"}, {"start": "00:18:43", "end": "00:18:47", "text": "credit markets are growing up."}, {"start": "00:18:45", "end": "00:18:49", "text": "Naturally, this is great news for retail"}, {"start": "00:18:47", "end": "00:18:51", "text": "and institutional investors alike."}, {"start": "00:18:49", "end": "00:18:53", "text": "Although, it's reassuring to see that"}, {"start": "00:18:51", "end": "00:18:55", "text": "even the massive liquidation event in"}, {"start": "00:18:53", "end": "00:18:57", "text": "October wasn't enough to scare"}, {"start": "00:18:55", "end": "00:18:59", "text": "institutions away from crypto. If you've"}, {"start": "00:18:57", "end": "00:19:01", "text": "been keeping up with the channel, you'll"}, {"start": "00:18:59", "end": "00:19:03", "text": "know that institutions have remained"}, {"start": "00:19:01", "end": "00:19:05", "text": "bullish despite everything, and many"}, {"start": "00:19:03", "end": "00:19:07", "text": "have been positioning themselves to take"}, {"start": "00:19:05", "end": "00:19:09", "text": "full advantage. More on that in the"}, {"start": "00:19:07", "end": "00:19:11", "text": "video right over here, by the way. In"}, {"start": "00:19:09", "end": "00:19:13", "text": "any case, the foundations for crypto"}, {"start": "00:19:11", "end": "00:19:15", "text": "leverage are stronger than they've ever"}, {"start": "00:19:13", "end": "00:19:17", "text": "been. And those foundations will only"}, {"start": "00:19:15", "end": "00:19:18", "text": "grow stronger from here. And as the"}, {"start": "00:19:17", "end": "00:19:21", "text": "regulatory backdrop continues to"}, {"start": "00:19:18", "end": "00:19:23", "text": "improve, institutions will become more"}, {"start": "00:19:21", "end": "00:19:25", "text": "and more confident in exploring some of"}, {"start": "00:19:23", "end": "00:19:28", "text": "the more nuanced corners of crypto like"}, {"start": "00:19:25", "end": "00:19:30", "text": "DeFi protocols that offer new ways to"}, {"start": "00:19:28", "end": "00:19:32", "text": "generate passive yield. The main"}, {"start": "00:19:30", "end": "00:19:35", "text": "downside, at least for now, is that"}, {"start": "00:19:32", "end": "00:19:37", "text": "venture capitalists or VCs haven't been"}, {"start": "00:19:35", "end": "00:19:39", "text": "all that interested in crypto lending."}, {"start": "00:19:37", "end": "00:19:42", "text": "According to a separate Galaxy report"}, {"start": "00:19:39", "end": "00:19:44", "text": "from April last year, just 1% of VC"}, {"start": "00:19:42", "end": "00:19:47", "text": "funding now flows into the lending"}, {"start": "00:19:44", "end": "00:19:50", "text": "sector. That said, this could change as"}, {"start": "00:19:47", "end": "00:19:52", "text": "crypto continues to prove its resilience"}, {"start": "00:19:50", "end": "00:19:54", "text": "alongside that improving regulatory"}, {"start": "00:19:52", "end": "00:19:56", "text": "backdrop I just mentioned. So, taken"}, {"start": "00:19:54", "end": "00:19:57", "text": "together, this means that leverage in"}, {"start": "00:19:56", "end": "00:19:59", "text": "the crypto market will continue to be"}, {"start": "00:19:57", "end": "00:20:02", "text": "the biggest driver for price performance"}, {"start": "00:19:59", "end": "00:20:04", "text": "and could even have a bigger impact in"}, {"start": "00:20:02", "end": "00:20:06", "text": "the future. In case you didn't know,"}, {"start": "00:20:04", "end": "00:20:08", "text": "large price movements in major assets"}, {"start": "00:20:06", "end": "00:20:10", "text": "like BTC and ETH are often caused by"}, {"start": "00:20:08", "end": "00:20:12", "text": "leverage traders being squeezed and"}, {"start": "00:20:10", "end": "00:20:14", "text": "liquidated one way or the other. And"}, {"start": "00:20:12", "end": "00:20:16", "text": "with institutions gearing up for the"}, {"start": "00:20:14", "end": "00:20:18", "text": "next bull market, whenever that finally"}, {"start": "00:20:16", "end": "00:20:20", "text": "arrives, those moves could be even"}, {"start": "00:20:18", "end": "00:20:23", "text": "bigger than many of us currently"}, {"start": "00:20:20", "end": "00:20:25", "text": "anticipate. In the meantime, that gives"}, {"start": "00:20:23", "end": "00:20:27", "text": "the rest of us time to position our own"}, {"start": "00:20:25", "end": "00:20:30", "text": "portfolios and prepare to ride the wave."}, {"start": "00:20:27", "end": "00:20:33", "text": "Just don't expect smooth sailing because"}, {"start": "00:20:30", "end": "00:20:34", "text": "those waves are almost certainly going"}, {"start": "00:20:33", "end": "00:20:35", "text": "to get choppy."}, {"start": "00:20:34", "end": "00:20:37", "text": ">> It's choppy."}, {"start": "00:20:35", "end": "00:20:39", "text": ">> Okay, folks, that's all from me. Now,"}, {"start": "00:20:37", "end": "00:20:40", "text": "it's time to hear from you. Do you think"}, {"start": "00:20:39", "end": "00:20:42", "text": "crypto leverage will be the driving"}, {"start": "00:20:40", "end": "00:20:45", "text": "force behind crypto prices in the coming"}, {"start": "00:20:42", "end": "00:20:46", "text": "months, or do you see lots of sideways"}, {"start": "00:20:45", "end": "00:20:49", "text": "price action that leaves us feeling a"}, {"start": "00:20:46", "end": "00:20:51", "text": "bit meh? Let us know your thoughts in"}, {"start": "00:20:49", "end": "00:20:53", "text": "the comments down below. If you want to"}, {"start": "00:20:51", "end": "00:20:55", "text": "learn more about how Strategy plans to"}, {"start": "00:20:53", "end": "00:20:57", "text": "reach 1 million BTC by the end of the"}, {"start": "00:20:55", "end": "00:20:59", "text": "year, then check out the video right"}, {"start": "00:20:57", "end": "00:21:01", "text": "over here. And if you want to learn"}, {"start": "00:20:59", "end": "00:21:03", "text": "about why the Clarity Act could carry a"}, {"start": "00:21:01", "end": "00:21:05", "text": "few hidden dangers, then check out the"}, {"start": "00:21:03", "end": "00:21:07", "text": "video over here. Okay, thank you all for"}, {"start": "00:21:05", "end": "00:21:11", "text": "watching and I'll see you in the next"}, {"start": "00:21:07", "end": "00:21:11", "text": "one. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "For the past year or so, it's been taken for�\ngranted that prediction markets represent crypto's��"}, {"start": "00:00:05", "end": "00:00:11", "text": "best instance of product market fit. According�\nto this widely accepted perspective, platforms��"}, {"start": "00:00:11", "end": "00:00:17", "text": "that aggregate human knowledge to forecast�\nglobal events are functioning as nonpartisan��"}, {"start": "00:00:17", "end": "00:00:23", "text": "truth seeking engines that operate entirely free�\nfrom the extractive fees of traditional finance.��"}, {"start": "00:00:23", "end": "00:00:28", "text": "However, when you examine the actual�\nmechanical upgrades and behind the��"}, {"start": "00:00:28", "end": "00:00:34", "text": "scenes regulatory filings currently being�\nexecuted by the sector's largest player,��"}, {"start": "00:00:34", "end": "00:00:40", "text": "a different and far more calculated reality begins�\nto emerge. Poly Market has fundamentally rewritten��"}, {"start": "00:00:40", "end": "00:00:45", "text": "its foundational architecture by activating�\na massive massive fee structure, deploying��"}, {"start": "00:00:45", "end": "00:00:51", "text": "its own proprietary stable coin and preparing�\nfor a token generation event that shifts the��"}, {"start": "00:00:51", "end": "00:00:58", "text": "platform from a neutral protocol into a vertically�\nintegrated financial monopoly. And this aggressive��"}, {"start": "00:00:58", "end": "00:01:03", "text": "expansion has huge potential consequences for�\nthe crypto industry and could even threaten��"}, {"start": "00:01:03", "end": "00:01:09", "text": "Tether and Circle's dominance of the stable coin�\nmarket. My name is DC and you're watching the Coin��"}, {"start": "00:01:09", "end": "00:01:16", "text": "Bureau. Poly Market is widely celebrated as�\none of the few genuine success stories within��"}, {"start": "00:01:16", "end": "00:01:22", "text": "crypto. The platform effectively transformed from�\na niche experimental betting application into an��"}, {"start": "00:01:22", "end": "00:01:26", "text": "absolute powerhouse of information infrastructure�\nthat processes billions and billions of dollars��"}, {"start": "00:01:26", "end": "00:01:32", "text": "in monthly trading volume. During the intense�\npolitical cycles of recent years, the protocol��"}, {"start": "00:01:32", "end": "00:01:38", "text": "served as a real-time crystal ball for global�\naudiences. consistently outperforming traditional��"}, {"start": "00:01:38", "end": "00:01:43", "text": "polling institutions and legacy media outlets in�\ngenerating accurate probability models. But this��"}, {"start": "00:01:43", "end": "00:01:49", "text": "massive influx of retail attention and trading�\nvolume did not occur in a regulatory vacuum,��"}, {"start": "00:01:49", "end": "00:01:55", "text": "nor was it ignored by traditions looking�\nto extract value from the decentralized��"}, {"start": "00:01:55", "end": "00:02:01", "text": "economy. So to truly understand the magnitude�\nof the platform's current evolution, we must��"}, {"start": "00:02:01", "end": "00:02:06", "text": "first examine the brutal regulatory gauntlet that�\nforced the company to completely restructure its��"}, {"start": "00:02:06", "end": "00:02:12", "text": "operational framework. Back in January 2022, the�\nUnited States Commodity Futures Trading Commission��"}, {"start": "00:02:12", "end": "00:02:20", "text": "or CFTC levied a $1.4 million fine against Poly�\nMarket's parent company, Blockratize Incorporated.��"}, {"start": "00:02:20", "end": "00:02:25", "text": "Poly Market was charged with operating as�\nan unregistered swap execution facility in��"}, {"start": "00:02:25", "end": "00:02:31", "text": "order to immediately wind down its non-compliant�\ndomestic markets and permanently block American��"}, {"start": "00:02:31", "end": "00:02:36", "text": "citizens from ever accessing its services. Now,�\nfor most applications, a targeted enforcement��"}, {"start": "00:02:36", "end": "00:02:42", "text": "action of this magnitude from a premier federal�\nregulator would have represented a fatal blow to��"}, {"start": "00:02:42", "end": "00:02:49", "text": "their long-term viability. Obviously, Poly Market,�\nhowever, complied with the cease and desist order,��"}, {"start": "00:02:49", "end": "00:02:54", "text": "officially repositioning itself as an offshore�\nplatform catering strictly to international��"}, {"start": "00:02:54", "end": "00:03:00", "text": "users while simultaneously orchestrating a�\nmassive legal counteroffensive behind closed��"}, {"start": "00:03:00", "end": "00:03:07", "text": "doors. In July of 2025, the platform executed a�\nstrategic and largely unprecedented acquisition��"}, {"start": "00:03:07", "end": "00:03:15", "text": "by purchasing QCX LLC and QC Clearing LLC for a�\nreported $112 million. This was not a standard��"}, {"start": "00:03:15", "end": "00:03:20", "text": "corporate expansion, but rather a calculated�\nregulatory maneuver designed to bypass the��"}, {"start": "00:03:20", "end": "00:03:26", "text": "traditional federal approval process. By acquiring�\nentities that have already possess active licenses��"}, {"start": "00:03:26", "end": "00:03:31", "text": "as both designated contract market and a�\nderivatives clearing organization, Poly��"}, {"start": "00:03:31", "end": "00:03:37", "text": "Market effectively purchased a fully regulated�\nderivatives exchange directly off the shelf.��"}, {"start": "00:03:37", "end": "00:03:43", "text": "This nine-figure acquisition instantly transformed�\ntheir legal standing, granting them exact federal��"}, {"start": "00:03:43", "end": "00:03:49", "text": "regulatory cover required to begin selectively�\nreopening their doors to domestic institutional��"}, {"start": "00:03:49", "end": "00:03:55", "text": "capital. The success of this regulatory pivot�\nwas so profound that Poly Market CEO Shane Copan��"}, {"start": "00:03:55", "end": "00:04:02", "text": "was subsequently appointed to the innovation�\nadvisory committee of the CFTC in early 2026,��"}, {"start": "00:04:02", "end": "00:04:08", "text": "giving the platform a literal seat at the table�\nwith the very agency that previously sanctioned��"}, {"start": "00:04:08", "end": "00:04:14", "text": "it. But this newfound regulatory legitimacy was�\nmerely the foundational prerequisite for a much��"}, {"start": "00:04:14", "end": "00:04:21", "text": "much larger and far more lucrative institutional�\ncapture of the prediction market sector. You see,��"}, {"start": "00:04:21", "end": "00:04:26", "text": "the Intercontinental Exchange, the parent company�\nof the New York Stock Exchange, recognized the��"}, {"start": "00:04:26", "end": "00:04:32", "text": "men's value of this alternative financial data�\ninfrastructure. Through a series of massive��"}, {"start": "00:04:32", "end": "00:04:38", "text": "capital injections, the Tradfi giants committed�\nup to $2 billion in total funding across multiple��"}, {"start": "00:04:38", "end": "00:04:44", "text": "trenches, initially valuing the prediction�\nplatform at nearly $9 billion. More importantly,��"}, {"start": "00:04:44", "end": "00:04:50", "text": "Intercontinental began directly distributing Poly�\nMarket's predictive probability data through its��"}, {"start": "00:04:50", "end": "00:04:56", "text": "proprietary signals and sentiment service to�\ninstitutional trading desks around the globe.��"}, {"start": "00:04:56", "end": "00:05:01", "text": "This integration fundamentally altered the�\ncore purpose of the protocol, transitioning��"}, {"start": "00:05:01", "end": "00:05:07", "text": "it from a consumerfacing betting application�\ninto a vital data generation engine for Wall��"}, {"start": "00:05:07", "end": "00:05:14", "text": "Street algorithms. So every single time a retail�\nuser places a wager on a geopolitical outcome,��"}, {"start": "00:05:14", "end": "00:05:20", "text": "they're unknowingly providing raw, highly valuable�\nsentiment data that institutional trading firms��"}, {"start": "00:05:20", "end": "00:05:26", "text": "used to hedge their macroeconomic portfolios.�\nAnd once this institutional infrastructure was��"}, {"start": "00:05:26", "end": "00:05:32", "text": "firmly established and regulatory licenses were�\nsecured, the platform initiated an aggressive��"}, {"start": "00:05:32", "end": "00:05:38", "text": "monetization strategy. For years, the protocol�\noperated as a completely free public utility,��"}, {"start": "00:05:38", "end": "00:05:42", "text": "subsidizing network costs and transaction fees�\nto aggressively acquire users and build an��"}, {"start": "00:05:42", "end": "00:05:49", "text": "insurmountable monopoly on liquidity. But as you�\nknow, free products in the digital space never��"}, {"start": "00:05:49", "end": "00:05:54", "text": "remain free. And the platforms that ultimately�\nsurvive are the ones capable of extracting��"}, {"start": "00:05:54", "end": "00:06:00", "text": "revenue from their captive audiences without�\ntriggering a mass exodus. So in a matter of weeks,��"}, {"start": "00:06:00", "end": "00:06:05", "text": "Poly Market flipped a programmatic switch that�\nimplemented a comprehensive fee overhaul across��"}, {"start": "00:06:05", "end": "00:06:11", "text": "its entire underlying smart contract architecture.�\nThe results of this transition saw daily protocol��"}, {"start": "00:06:11", "end": "00:06:18", "text": "revenue skyrocket from a baseline of just $1�\nmillion to $14 million. So when you extrapolate��"}, {"start": "00:06:18", "end": "00:06:22", "text": "these figures, the platform is currently�\ngenerating an annualized revenue of somewhere��"}, {"start": "00:06:22", "end": "00:06:30", "text": "between $338 million and $400 million. And this is�\neven more impressive when set against the backdrop��"}, {"start": "00:06:30", "end": "00:06:35", "text": "of worsening conditions in the wider crypto�\nmarket. Throughout the first quarter of 2026,��"}, {"start": "00:06:35", "end": "00:06:41", "text": "Bitcoin has tumbled 22.5% year to date, while�\nEthereum suffered an even more traumatic��"}, {"start": "00:06:41", "end": "00:06:47", "text": "contraction, plunging nearly 30% since the start�\nof this year. Legacy DeFi protocols have meanwhile��"}, {"start": "00:06:47", "end": "00:06:52", "text": "been decimated by this liquidity drain with�\nmajor governance tokens trading at multi-year��"}, {"start": "00:06:52", "end": "00:06:58", "text": "lows. Unis swap, which has historically�\ndominated decentralized exchange volumes,��"}, {"start": "00:06:58", "end": "00:07:04", "text": "currently commands a total market capitalization�\nof roughly 1.94 billion after suffering a 75%��"}, {"start": "00:07:04", "end": "00:07:10", "text": "draw down from its previous highs. Similarly,�\nAve is currently trading at its 52- week low,��"}, {"start": "00:07:10", "end": "00:07:16", "text": "commanding a market capitalization of merely�\n1.33 billion despite securing billions and��"}, {"start": "00:07:16", "end": "00:07:21", "text": "billions in total value locked. When you apply�\nstandard traditional finance valuation multiples,��"}, {"start": "00:07:21", "end": "00:07:26", "text": "too. Poly markets newly established revenue�\nstream, the reality becomes impossible to��"}, {"start": "00:07:26", "end": "00:07:32", "text": "ignore. At a highly conservative multiple of just�\nfive times the annualized revenue, the prediction��"}, {"start": "00:07:32", "end": "00:07:38", "text": "platform's intrinsic value would roughly equal�\nthe entire circulating market cap of unis swap.��"}, {"start": "00:07:38", "end": "00:07:45", "text": "And if you apply a more aggressive 10x multiple,�\nthe platform's valuation approaches $3.69 billion,��"}, {"start": "00:07:45", "end": "00:07:50", "text": "making it nearly three times more valuable�\nthan the foundational ave lending market. So,��"}, {"start": "00:07:50", "end": "00:07:56", "text": "Poly Market has effectively bypassed the entire�\nlegacy DeFi ecosystem to become one of the most��"}, {"start": "00:07:56", "end": "00:08:03", "text": "profitable crypto protocols in existence. However,�\nthis massive financial windfall is being extracted��"}, {"start": "00:08:03", "end": "00:08:08", "text": "directly from the wallets of the everyday retail�\nusers who initially built the platform's network��"}, {"start": "00:08:08", "end": "00:08:14", "text": "effects. The new monetization framework implements�\na complex maker versus taker dynamic that��"}, {"start": "00:08:14", "end": "00:08:20", "text": "fundamentally alters the profitability mathematics�\nfor the average participant. Under this revised��"}, {"start": "00:08:20", "end": "00:08:26", "text": "architecture, users who provide liquidity to the�\norder books are theoretically rewarded while users��"}, {"start": "00:08:26", "end": "00:08:33", "text": "who cross the spread to execute immediate trades�\nare hit with substantial extraction fees. But the��"}, {"start": "00:08:33", "end": "00:08:38", "text": "true structural flaw of this system reveals itself�\nduring edge case scenarios where the probability��"}, {"start": "00:08:38", "end": "00:08:45", "text": "of a specific event occurring is heavy skewed�\ntoward one absolute outcome. In these highly��"}, {"start": "00:08:45", "end": "00:08:50", "text": "asymmetric markets, users have reported facing�\neffective execution fees ranging anywhere from��"}, {"start": "00:08:50", "end": "00:08:57", "text": "30% to an absolutely exorbitant 90% of their total�\npotential profit. This draconian fee structure��"}, {"start": "00:08:57", "end": "00:09:02", "text": "essentially destroys the financial incentive�\nto participate in markets that are nearing��"}, {"start": "00:09:02", "end": "00:09:08", "text": "resolution, trapping retail capital in positions�\nthat are all but impossible to exit profitably.��"}, {"start": "00:09:08", "end": "00:09:13", "text": "Naturally, the implementation of these fees�\nhas sparked a major outrage across the crypto��"}, {"start": "00:09:13", "end": "00:09:18", "text": "community, raising questions about whether�\nPoly Market has finally pushed its extractive��"}, {"start": "00:09:18", "end": "00:09:24", "text": "capabilities too far. And this tension is only�\nfurther compounded by recent data regarding the��"}, {"start": "00:09:24", "end": "00:09:30", "text": "actual baseline profitability of the retail�\nparticipants providing liquidity to these��"}, {"start": "00:09:30", "end": "00:09:37", "text": "markets. According to a blockchain analysis�\nconducted in April 2026, an overwhelming 84.1%��"}, {"start": "00:09:37", "end": "00:09:42", "text": "of all traders using Poly Market are currently�\noperating at a net loss. Out of the millions��"}, {"start": "00:09:42", "end": "00:09:49", "text": "and millions of individual addresses interacting�\nwith the protocol, only 0.033% of accounts have��"}, {"start": "00:09:49", "end": "00:09:54", "text": "successfully managed to generate profits exceeding�\nthe six figure mark. This effectively demonstrates��"}, {"start": "00:09:54", "end": "00:10:00", "text": "that the platform functions primarily as a highly�\nefficient mechanism for transferring wealth from��"}, {"start": "00:10:00", "end": "00:10:06", "text": "the retail public directly into the hands of�\na few sophisticated institutional actors. And��"}, {"start": "00:10:06", "end": "00:10:12", "text": "despite this growing user frustration and the�\nglaring unprofitability of the retail base,��"}, {"start": "00:10:12", "end": "00:10:17", "text": "the platform's leadership has chosen to double�\ndown on their vertical integration strategy.��"}, {"start": "00:10:17", "end": "00:10:23", "text": "You see, the fee switch was merely the first phase�\nof a much broader architectural overhaul designed��"}, {"start": "00:10:23", "end": "00:10:29", "text": "to completely sever Poly Market's reliance on�\nexternal cryptographic infrastructure. This��"}, {"start": "00:10:29", "end": "00:10:35", "text": "brings us to the deployment of the CTF exchange�\nversion 2 upgrade, which fundamentally rewrites��"}, {"start": "00:10:35", "end": "00:10:40", "text": "the settlement layer of the entire prediction�\nmarket ecosystem. Through this technical overhaul,��"}, {"start": "00:10:40", "end": "00:10:46", "text": "Poly Market has officially launched its own�\nproprietary stable coin known as Poly Market USD��"}, {"start": "00:10:46", "end": "00:10:53", "text": "or PUSD for short. On the surface, this new asset�\nappears relatively benign, operating as a standard��"}, {"start": "00:10:53", "end": "00:10:59", "text": "digital token that is backed exactly one to one�\nby Circle's existing USDC stable coin reserves.��"}, {"start": "00:10:59", "end": "00:11:05", "text": "But when you examine the underlying mechanics of�\nthis deployment, it becomes apparent that this is��"}, {"start": "00:11:05", "end": "00:11:11", "text": "a hostile takeover of Poly Market's own monetary�\nlayer. By forcing all internal market settlements��"}, {"start": "00:11:11", "end": "00:11:16", "text": "to route exclusively through their proprietary�\nasset, the platform no longer depends on external��"}, {"start": "00:11:16", "end": "00:11:23", "text": "stable coin issuers to facilitate its core product�\nofferings. They have successfully internalized the��"}, {"start": "00:11:23", "end": "00:11:29", "text": "entire transaction life cycle, granting themselves�\nabsolute administrative control over how capital��"}, {"start": "00:11:29", "end": "00:11:34", "text": "flows into, through, and out of their ecosystem.�\nNow, the dangers of this specific architectural��"}, {"start": "00:11:34", "end": "00:11:40", "text": "shift for the legacy financial infrastructure of�\nthe crypto industry become apparent when we look��"}, {"start": "00:11:40", "end": "00:11:45", "text": "at the current state of the global stable coin�\nmarket. The crypto ecosystem currently relies on��"}, {"start": "00:11:45", "end": "00:11:53", "text": "a massive $262.7 billion stable coin duopoly that�\ndictates the flow of nearly all fiat denominated��"}, {"start": "00:11:53", "end": "00:11:58", "text": "liquidity across every major blockchain�\nnetwork. Tether's USDT dominates this landscape,��"}, {"start": "00:11:58", "end": "00:12:04", "text": "commanding a market cap of roughly $187 billion�\nand capturing 70% of the total tracked stable��"}, {"start": "00:12:04", "end": "00:12:11", "text": "coin supply. circles USDC serves as the primary�\nalternative, maintaining a highly respectable��"}, {"start": "00:12:11", "end": "00:12:19", "text": "$75.6 billion market cap that accounts for 28.3%�\nof the overall market share. Now, these two��"}, {"start": "00:12:19", "end": "00:12:24", "text": "centralized entities wield enormous influence�\nover the decentralized economy, serving as the��"}, {"start": "00:12:24", "end": "00:12:31", "text": "mandatory toll booths for any user attempting to�\npark capital outside of volatile crypto assets.��"}, {"start": "00:12:31", "end": "00:12:37", "text": "And Tedda's business model is arguably one of the�\nmost capital efficient enterprises in history of��"}, {"start": "00:12:37", "end": "00:12:42", "text": "modern finance, generating massive profits through�\nbasic reserve spread income. The company absorbs��"}, {"start": "00:12:42", "end": "00:12:48", "text": "billions of dollars in user deposits, pays zero�\ninterest to the retail holders of their digital��"}, {"start": "00:12:48", "end": "00:12:54", "text": "tokens and subsequently invests those funds�\ninto high yielding US treasury bills. This��"}, {"start": "00:12:54", "end": "00:13:00", "text": "simple arbitrage mechanism allowed Tether to�\nreport a profit exceeding $13 billion for 2024.��"}, {"start": "00:13:00", "end": "00:13:08", "text": "Furthermore, USDT processes nearly 67.4 billion�\nin daily trading volume as the primary settlement��"}, {"start": "00:13:08", "end": "00:13:14", "text": "layer for high frequency algorithmic trading.�\nThis high velocity turnover is exactly the��"}, {"start": "00:13:14", "end": "00:13:19", "text": "specific utility function that prediction�\nmarkets naturally generate as users constantly��"}, {"start": "00:13:19", "end": "00:13:24", "text": "rotate capital between thousands of rapidly�\nresolving event contracts. So by launching��"}, {"start": "00:13:24", "end": "00:13:29", "text": "their own proprietary settlement asset, Poly�\nMarket has explicitly signaled that they are no��"}, {"start": "00:13:29", "end": "00:13:35", "text": "longer willing to let external entities capture�\nthe massive value generated by the platform's��"}, {"start": "00:13:35", "end": "00:13:41", "text": "velocity. And this localized monetary rebellion�\nexposes a massive structural vulnerability that��"}, {"start": "00:13:41", "end": "00:13:48", "text": "threatens to upend the dominance of both Tether�\nand Circle in the coming years. If a prediction��"}, {"start": "00:13:48", "end": "00:13:53", "text": "market can successfully launch and mandate�\nthe use of its own proprietary stable coin,��"}, {"start": "00:13:53", "end": "00:13:59", "text": "there's nothing stopping the rest of the DeFi�\nsector from executing the exact same playbook. So,��"}, {"start": "00:13:59", "end": "00:14:04", "text": "what happens to the legacy stable coin duopoly if�\nunis swap decides to launch its own native stable��"}, {"start": "00:14:04", "end": "00:14:10", "text": "coin to capture the yield on its massive trading�\nvolumes? What happens to the broader crypto��"}, {"start": "00:14:10", "end": "00:14:16", "text": "ecosystem if a forces all borrowers and suppliers�\nto use a proprietary fiat-packed asset controlled��"}, {"start": "00:14:16", "end": "00:14:20", "text": "entirely by their own governance token? We're�\nwitnessing the beginning of a massive stable coin��"}, {"start": "00:14:20", "end": "00:14:26", "text": "fragmentation where every major crypto platform�\nwill attempt to vertically integrate their own��"}, {"start": "00:14:26", "end": "00:14:32", "text": "monetary layer to capture reserve yield. This�\ndirectly threatens the $13 billion profit engine��"}, {"start": "00:14:32", "end": "00:14:38", "text": "that Tether has painstakingly built as captive�\nuser bases are systematically walled off into��"}, {"start": "00:14:38", "end": "00:14:44", "text": "proprietary platform specific currencies. But�\nas fiat liquidity becomes increasingly zealed��"}, {"start": "00:14:44", "end": "00:14:49", "text": "across dozens of competing protocol specific�\nstable coins, the overall efficiency of the��"}, {"start": "00:14:49", "end": "00:14:56", "text": "DeFi ecosystem will inevitably degrade. Retail�\ninvestors will be forced to navigate a complex web��"}, {"start": "00:14:56", "end": "00:15:02", "text": "of settlement assets constantly paying extraction�\nfees to bridge capital between these isolated��"}, {"start": "00:15:02", "end": "00:15:08", "text": "digital economies. What's more, the monetization�\nof the platform and the launch of a proprietary��"}, {"start": "00:15:08", "end": "00:15:14", "text": "currency only two components of a much darker�\nand deeply controversial operational reality.��"}, {"start": "00:15:14", "end": "00:15:21", "text": "While Poly Market attempts to position itself as a�\nneutral financial utility on par with traditional��"}, {"start": "00:15:21", "end": "00:15:28", "text": "data providers, it is simultaneously battling�\na massive wave of ethical and legal crisis.��"}, {"start": "00:15:28", "end": "00:15:33", "text": "The platform has repeatedly drawn intense�\ninternational condemnation for hosting what��"}, {"start": "00:15:33", "end": "00:15:39", "text": "critics and lawmakers have explicitly labeled�\nas dystopian death markets. In early April,��"}, {"start": "00:15:39", "end": "00:15:46", "text": "the world held its breath after a US Air Force jet�\nwas shot down over Iran. While two American airmen��"}, {"start": "00:15:46", "end": "00:15:52", "text": "were actively missing in hostile territory, Poly�\nMarket immediately listed a market allowing users��"}, {"start": "00:15:52", "end": "00:15:59", "text": "to place financial wages on the specific timing�\nand circumstances of their potential rescue.��"}, {"start": "00:15:59", "end": "00:16:05", "text": "This grotesque gamification of an active military�\ncrisis triggered an immediate and furious response��"}, {"start": "00:16:05", "end": "00:16:10", "text": "from political leaders across the United�\nStates government. Representative Seth Molton,��"}, {"start": "00:16:10", "end": "00:16:15", "text": "a combat veteran of the Marine Corpse,�\npublicly condemned the platform's actions,��"}, {"start": "00:16:15", "end": "00:16:21", "text": "highlighting the moral depravity of gambling�\non the lives of active duty service members.��"}, {"start": "00:16:21", "end": "00:16:26", "text": "He pointed out that these markets create perverse�\nfinancial incentives for individuals to actively��"}, {"start": "00:16:26", "end": "00:16:32", "text": "seek out and potentially leak classified military�\nintelligence to gain a trading advantage. The��"}, {"start": "00:16:32", "end": "00:16:38", "text": "public outcry was so severe that the congressman�\nsubsequently issued a sweeping directive banning��"}, {"start": "00:16:38", "end": "00:16:43", "text": "his entire congressional staff from ever using or�\nparticipating in any prediction market platforms��"}, {"start": "00:16:43", "end": "00:16:49", "text": "whatsoever. While Poly Market ultimately removed�\nthe specific pilot rescue market and issued a��"}, {"start": "00:16:49", "end": "00:16:56", "text": "formal apology citing a failure of their internal�\nsafeguards, the underlying ethical rot remains��"}, {"start": "00:16:56", "end": "00:17:01", "text": "deeply embedded in their operational model. At the�\nexact moment they issued that apology, Poly Market��"}, {"start": "00:17:01", "end": "00:17:07", "text": "was still actively hosting over 200 separate event�\ncontracts directly tied to ongoing geopolitical��"}, {"start": "00:17:07", "end": "00:17:14", "text": "warfare and military casualties. This was not an�\nisolated incident as the platform has previously��"}, {"start": "00:17:14", "end": "00:17:21", "text": "been forced to remove highly controversial markets�\nallowing users to wage on nuclear detonations and��"}, {"start": "00:17:21", "end": "00:17:27", "text": "the official classification of a famine in Gaza.�\nDuring an Iranian missile strike earlier this��"}, {"start": "00:17:27", "end": "00:17:32", "text": "year, the financial incentives created by these�\nmarkets resulted in the severe targeted arrestment��"}, {"start": "00:17:32", "end": "00:17:38", "text": "of an Israeli journalist reporting on this�\nconflict. Users who have placed massive financial��"}, {"start": "00:17:38", "end": "00:17:44", "text": "wages on the outcome of the strikes actively send�\ndeath threats and lucrative bribe offers to the��"}, {"start": "00:17:44", "end": "00:17:49", "text": "reporter attempting to illegally influence�\ncoverage to alter the market's resolution.��"}, {"start": "00:17:49", "end": "00:17:54", "text": "And this worrying intersection of financial�\nspeculation and global conflict brings us to��"}, {"start": "00:17:54", "end": "00:17:59", "text": "the most severe legal threat currently facing�\nthe entire prediction market industry. While��"}, {"start": "00:17:59", "end": "00:18:05", "text": "Poly Markets chief executive has historically�\ndefended the platform as a nonpartisan truth��"}, {"start": "00:18:05", "end": "00:18:12", "text": "seeking engine that provides clarity during times�\nof geopolitical confusion. The actual trading data��"}, {"start": "00:18:12", "end": "00:18:18", "text": "suggests something far more sinister. In March�\n2026, researchers from the Colombia Law School��"}, {"start": "00:18:18", "end": "00:18:24", "text": "and the University of Hifur published an academic�\nstudy analyzing over 93,000 individual markets��"}, {"start": "00:18:24", "end": "00:18:31", "text": "hosted on the platform. The researchers identified�\nan astonishing 210,000 highly suspicious trades��"}, {"start": "00:18:31", "end": "00:18:39", "text": "executed between 2024 and 2026 that perfectly�\nalign with the classic patterns of illegal insider��"}, {"start": "00:18:39", "end": "00:18:46", "text": "trading. These meticulously timed transactions�\ngenerated approximately $143 million in abnormal��"}, {"start": "00:18:46", "end": "00:18:51", "text": "profits for a highly concentrated group of�\nwellpositioned and completely anonymous digital��"}, {"start": "00:18:51", "end": "00:18:57", "text": "wallets. The study specifically highlighted a�\ncluster of six distinct addresses that extracted��"}, {"start": "00:18:57", "end": "00:19:03", "text": "over a million dollars in pure profit by placing�\nmassive wages on military strikes just hours��"}, {"start": "00:19:03", "end": "00:19:08", "text": "before the operations were publicly confirmed.�\nAnother individual trader successfully netted��"}, {"start": "00:19:08", "end": "00:19:14", "text": "nearly a million dollars by consistently and�\naccurately predicting highly classified military��"}, {"start": "00:19:14", "end": "00:19:21", "text": "actions executed by Allied forces throughout the�\nMiddle East. This academic research shatters the��"}, {"start": "00:19:21", "end": "00:19:26", "text": "illusion that these platforms are aggregating�\nthe collective wisdom of the crowds to generate��"}, {"start": "00:19:26", "end": "00:19:32", "text": "accurate probability models. Instead, the data�\nsuggests that these markets are functioning as��"}, {"start": "00:19:32", "end": "00:19:37", "text": "highly efficient moneyaundering mechanisms that�\nallow individuals with highle security clearances��"}, {"start": "00:19:37", "end": "00:19:43", "text": "to directly monetize classified government�\nintelligence. This theoretical vulnerability��"}, {"start": "00:19:43", "end": "00:19:50", "text": "transitioned into a concrete criminal reality�\nin February 2026 when Israeli authorities handed��"}, {"start": "00:19:50", "end": "00:19:56", "text": "down unprecedented legal indictments against an�\nAir Force reservist and a civilian accomplice.��"}, {"start": "00:19:56", "end": "00:20:01", "text": "The pair was formally charged with using highly�\nclassified operational military intelligence to��"}, {"start": "00:20:01", "end": "00:20:07", "text": "execute guaranteed winning trades on Poly Market�\nat the height of the regional conflict. This��"}, {"start": "00:20:07", "end": "00:20:13", "text": "landmark criminal prosecution represents the first�\nknown instance of state authorities aggressively��"}, {"start": "00:20:13", "end": "00:20:19", "text": "pursuing insider trading charges specifically tied�\nto a decentralized prediction market. The Southern��"}, {"start": "00:20:19", "end": "00:20:25", "text": "District of New York has already taken notice�\nwith federal prosecutors actively investigating��"}, {"start": "00:20:25", "end": "00:20:30", "text": "whether Poly Market's operational model inherently�\nviolates established anti-money laundering and��"}, {"start": "00:20:30", "end": "00:20:37", "text": "anti-fraud statutes. David Miller, the enforcement�\ndirector for the CFTC, has explicitly stated that��"}, {"start": "00:20:37", "end": "00:20:44", "text": "the agency will aggressively detect and prosecute�\ninsider trading across these newly regulated event��"}, {"start": "00:20:44", "end": "00:20:50", "text": "contracts. This mounting legal pressure has forced�\nPoly Market to implement a comprehensive three-��"}, {"start": "00:20:50", "end": "00:20:55", "text": "tier market surveillance framework, officially�\npartnering with the National Futures Association��"}, {"start": "00:20:55", "end": "00:21:00", "text": "to monitor trading activity. They have updated�\ntheir terms of service to explicitly prohibit��"}, {"start": "00:21:00", "end": "00:21:06", "text": "trades based on stolen confidential information�\nor illegal tips, though enforcing these rules��"}, {"start": "00:21:06", "end": "00:21:12", "text": "across anonymous cryptographic wallets remains�\nfunctionally impossible. And while the platform��"}, {"start": "00:21:12", "end": "00:21:17", "text": "battles these severe ethical controversies�\nand federal insider trading investigations,��"}, {"start": "00:21:17", "end": "00:21:24", "text": "it is simultaneously facing a legislative assault�\nfrom Capitol Hill. In March 2026, a bipartisan��"}, {"start": "00:21:24", "end": "00:21:30", "text": "coalition led by Senators Adam Schiff and John�\nCurtis introduced sweeping federal legislation��"}, {"start": "00:21:30", "end": "00:21:36", "text": "explicitly titled the Prediction Markets are�\ngambling act. This aggressive legislative package��"}, {"start": "00:21:36", "end": "00:21:42", "text": "aims to fundamentally amend the Commodity Exchange�\nAct, specifically prohibiting federally registered��"}, {"start": "00:21:42", "end": "00:21:48", "text": "entities from listing any event contracts that�\nresemble sports bets or casino style games.��"}, {"start": "00:21:48", "end": "00:21:53", "text": "Simultaneously, Representative Richie Torres�\nintroduced the public integrity in financial��"}, {"start": "00:21:53", "end": "00:22:00", "text": "prediction markets act, which seeks to explicitly�\ncriminalize the act of trading on non-public��"}, {"start": "00:22:00", "end": "00:22:06", "text": "information within these digital ecosystems.�\nNow, this federal hostility is being mirrored at��"}, {"start": "00:22:06", "end": "00:22:11", "text": "the local level with at least 11 separate state�\ngovernments issuing aggressive cease and desist��"}, {"start": "00:22:11", "end": "00:22:17", "text": "orders against Poly Market. As of early 2026,�\nstates like Nevada, Massachusetts, and Connecticut��"}, {"start": "00:22:17", "end": "00:22:23", "text": "argue that these platforms constitute unlicensed�\nsports betting operations that completely violate��"}, {"start": "00:22:23", "end": "00:22:28", "text": "established state level gaming regulation. The�\nprediction market industry is currently engaged��"}, {"start": "00:22:28", "end": "00:22:34", "text": "in an estimated $40 million logging war against�\na massive coalition of traditional anti-gambling��"}, {"start": "00:22:34", "end": "00:22:41", "text": "advocates to secure the legal right to exist.�\nThey did score a massive judicial victory on the��"}, {"start": "00:22:41", "end": "00:22:47", "text": "6th of April when the third United States Circuit�\nCourt of Appeals ruled in favor of rival platform��"}, {"start": "00:22:47", "end": "00:22:52", "text": "Kalshi, affirming that the federal commodities�\nregulator holds exclusive jurisdiction over��"}, {"start": "00:22:52", "end": "00:22:58", "text": "these contracts. This crucial legal precedent�\ndirectly benefits polling markets, potentially��"}, {"start": "00:22:58", "end": "00:23:03", "text": "shielding them from the fragmented patchwork�\nof state level gaming commissions attempting��"}, {"start": "00:23:03", "end": "00:23:10", "text": "to shut down the operations. But the platform's�\nability to survive this multiffront regulatory war��"}, {"start": "00:23:10", "end": "00:23:16", "text": "ultimately depends on the success execution of the�\nfinal and most highly anticipated phase of their��"}, {"start": "00:23:16", "end": "00:23:21", "text": "architectural overhaul. Now to complete their�\ntransition into an absolute crypto powerhouse,��"}, {"start": "00:23:21", "end": "00:23:27", "text": "Poly Market is actively preparing to launch its�\nown proprietary governance asset widely rumored��"}, {"start": "00:23:27", "end": "00:23:33", "text": "to be entirely separate from its newly minted�\nstable coin. While the company has historically��"}, {"start": "00:23:33", "end": "00:23:39", "text": "remained tight lipped regarding the specifics of�\na potential token generation event, the verifiable��"}, {"start": "00:23:39", "end": "00:23:45", "text": "legal paper trail completely eliminates any�\nremaining ambiguity. On the 4th of February,��"}, {"start": "00:23:45", "end": "00:23:51", "text": "the platform's parent company officially filed�\ncomprehensive applications with the United States��"}, {"start": "00:23:51", "end": "00:23:58", "text": "Patent and Trademark Office to legally secure the�\nrights to the Poli ticker. These extensive federal��"}, {"start": "00:23:58", "end": "00:24:04", "text": "trademark filings explicitly cover financial�\nsoftware, digital tokens, and decentralized��"}, {"start": "00:24:04", "end": "00:24:10", "text": "trading platforms, providing undeniable proof�\nthat a massive token launch is currently in the��"}, {"start": "00:24:10", "end": "00:24:16", "text": "pipeline. Furthermore, the platform's chief�\nmarketing officer, Matthew Moda, explicitly��"}, {"start": "00:24:16", "end": "00:24:22", "text": "confirmed on the record during an October 2025�\ninterview that there will absolutely be a native��"}, {"start": "00:24:22", "end": "00:24:28", "text": "token and a subsequent community airdrop. Industry�\nanalysts are currently projecting that this��"}, {"start": "00:24:28", "end": "00:24:33", "text": "distribution event could rival the massive scale�\nof the historic unis swap airdrop, potentially��"}, {"start": "00:24:33", "end": "00:24:38", "text": "distributing billions and billions of dollars�\nin value directly to early platform adopters.��"}, {"start": "00:24:38", "end": "00:24:45", "text": "However, the mechanics of this highly anticipated�\ndistribution are being meticulously engineered to��"}, {"start": "00:24:45", "end": "00:24:51", "text": "filter out the massive swarms of automated bots�\nattempting to farm the protocol for free capital.��"}, {"start": "00:24:51", "end": "00:24:57", "text": "The platform's growth lead recently confirmed that�\nthe official snapshot for allegibility has not��"}, {"start": "00:24:57", "end": "00:25:03", "text": "yet been taken, triggering a massive, massive�\nwave of speculative trading volume as users��"}, {"start": "00:25:03", "end": "00:25:09", "text": "desperately attempt to secure their locations. The�\ncommunity consensus suggests that the distribution��"}, {"start": "00:25:09", "end": "00:25:15", "text": "will heavily prioritize a proof of value�\nengagement model, specifically rewarding users��"}, {"start": "00:25:15", "end": "00:25:20", "text": "who consistently provide liquidity to the order�\nbooks rather than those who simply execute high��"}, {"start": "00:25:20", "end": "00:25:26", "text": "volume wash trades. This distinction is absolutely�\ncritical, especially considering that a recent��"}, {"start": "00:25:26", "end": "00:25:33", "text": "academic study flagged approximately a fourth or�\n25% of the platform's total historical volume as��"}, {"start": "00:25:33", "end": "00:25:39", "text": "completely artificial wash trading. designed�\nzoly to manipulate matrix. So by separating��"}, {"start": "00:25:39", "end": "00:25:45", "text": "the monetary settlement layer of PUSD from the�\npolitical governance layer of the rumored poly��"}, {"start": "00:25:45", "end": "00:25:51", "text": "token, poly market is attempting to build a highly�\ncoherent and legally defensible decentralization��"}, {"start": "00:25:51", "end": "00:25:56", "text": "narrative. They are using the stable coin to�\ncapture a massive financial yield of their��"}, {"start": "00:25:56", "end": "00:26:02", "text": "internal ecosystem while theoretically using the�\ngovernance token to decentralized administrative��"}, {"start": "00:26:02", "end": "00:26:09", "text": "control and satisfy aggressive federal�\nregulators. But this complex three-part strategy��"}, {"start": "00:26:09", "end": "00:26:15", "text": "of implementing exorbitant fees, launching a�\nproprietary settlement currency, and deploying��"}, {"start": "00:26:15", "end": "00:26:21", "text": "a governance token represent a big departure from�\nthe platform's original foundational ethos. The��"}, {"start": "00:26:21", "end": "00:26:27", "text": "protocol that once served as a pristine feef free�\npublic utility for aggregating human knowledge has��"}, {"start": "00:26:27", "end": "00:26:33", "text": "officially transformed into a highly optimized�\nmachine designed specifically to extract maximum��"}, {"start": "00:26:33", "end": "00:26:38", "text": "capital from the retail public. They have�\nsuccessfully harnessed the crypto community��"}, {"start": "00:26:38", "end": "00:26:43", "text": "to build an insurmountable liquidity mode only�\nto pull up the drawbridge and begin charging��"}, {"start": "00:26:43", "end": "00:26:49", "text": "absolutely massive tolls for access to the very�\ninfrastructure said community helped construct.��"}, {"start": "00:26:49", "end": "00:26:55", "text": "This evolution serves as a brutal macroeconomic�\ncase study in the maturation of the digital asset��"}, {"start": "00:26:55", "end": "00:27:00", "text": "industry, proving once again that the legacy�\nfinancial playbook of vertical integration and��"}, {"start": "00:27:00", "end": "00:27:06", "text": "user extraction is completely unavoidable. As�\nPoly Market actively targets a staggering $20��"}, {"start": "00:27:06", "end": "00:27:12", "text": "billion institutional valuation, the everyday�\nretail betters who continue to lose money on��"}, {"start": "00:27:12", "end": "00:27:18", "text": "the protocol are essentially funding the creation�\nof Wall Street's newest alternative data monopoly.��"}, {"start": "00:27:18", "end": "00:27:24", "text": "The prediction market that accurately forecasted�\nthe outcomes of global elections is now making��"}, {"start": "00:27:24", "end": "00:27:30", "text": "the most dangerous unhudged bet in its entire�\ncorporate history. They are betting that their��"}, {"start": "00:27:30", "end": "00:27:35", "text": "platform's network effects are so incredibly�\ndominant that they can simultaneously navigate��"}, {"start": "00:27:35", "end": "00:27:41", "text": "federal insider trading investigations, hostile�\ncongressional legislation, and massive user��"}, {"start": "00:27:41", "end": "00:27:47", "text": "backlash over predatory fees without suffering a�\ncatastrophic collapse in liquidity. On one hand,��"}, {"start": "00:27:47", "end": "00:27:53", "text": "the successful deployment of a proprietary stable�\ncoin and the implementation of a massive revenue��"}, {"start": "00:27:53", "end": "00:27:59", "text": "engine proves that decentralized applications can�\nachieve true commercial sustainability without��"}, {"start": "00:27:59", "end": "00:28:05", "text": "relying on endless token inflation. But on the�\nother hand, this aggressive vertical integration��"}, {"start": "00:28:05", "end": "00:28:12", "text": "destroys the neutral interoperable infrastructure�\nthat initially made BI. So what are your thoughts��"}, {"start": "00:28:12", "end": "00:28:18", "text": "on this architectural shift within the prediction�\nmarket sector? Will the platforms launching their��"}, {"start": "00:28:18", "end": "00:28:23", "text": "own proprietary stable coins ultimately destroy�\nthe dominance of centralized issues like Tether��"}, {"start": "00:28:23", "end": "00:28:29", "text": "and Circle? Or will the implementation of�\nexorbitant edge case fees and the ongoing��"}, {"start": "00:28:29", "end": "00:28:35", "text": "insider trading controversies eventually drive�\nretail users away from these vertically integrated��"}, {"start": "00:28:35", "end": "00:28:40", "text": "monopolies? Please let me know your thoughts�\nin the comments down below. And if you want��"}, {"start": "00:28:40", "end": "00:28:46", "text": "to understand how massive institutional asset�\nmanagers are centralizing the underlying supply��"}, {"start": "00:28:46", "end": "00:28:54", "text": "of the Bitcoin network, then consider checking out�\nour deep dive on that exact topic right over here.��"}, {"start": "00:28:54", "end": "00:29:00", "text": "Thank you all so much for watching and I'll�\nsee you again very soon. This is DC signing"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "We are constantly told that the"}, {"start": "00:00:02", "end": "00:00:06", "text": "artificial intelligence revolution is an"}, {"start": "00:00:04", "end": "00:00:09", "text": "unstoppable force constrained only by"}, {"start": "00:00:06", "end": "00:00:11", "text": "the production of advanced microchips"}, {"start": "00:00:09", "end": "00:00:13", "text": "and the electricity required to power"}, {"start": "00:00:11", "end": "00:00:15", "text": "massive data centers. Wall Street is"}, {"start": "00:00:13", "end": "00:00:18", "text": "currently pouring trillions of dollars"}, {"start": "00:00:15", "end": "00:00:20", "text": "into technology valuations based on the"}, {"start": "00:00:18", "end": "00:00:22", "text": "mainstream narrative that digital"}, {"start": "00:00:20", "end": "00:00:24", "text": "scaling is practically infinite and"}, {"start": "00:00:22", "end": "00:00:26", "text": "completely detached from physical"}, {"start": "00:00:24", "end": "00:00:28", "text": "limitations. But when you look at the"}, {"start": "00:00:26", "end": "00:00:30", "text": "actual data behind the hardware, you"}, {"start": "00:00:28", "end": "00:00:33", "text": "discover that this entire infrastructure"}, {"start": "00:00:30", "end": "00:00:36", "text": "relies on a thin nonrenewable physical"}, {"start": "00:00:33", "end": "00:00:38", "text": "gas that is currently disappearing from"}, {"start": "00:00:36", "end": "00:00:40", "text": "the entire global market. Today, we are"}, {"start": "00:00:38", "end": "00:00:42", "text": "breaking down the hidden plumbing of"}, {"start": "00:00:40", "end": "00:00:45", "text": "semiconductor manufacturing to reveal"}, {"start": "00:00:42", "end": "00:00:47", "text": "why a catastrophic helium shortage is"}, {"start": "00:00:45", "end": "00:00:49", "text": "about to shatter the artificial"}, {"start": "00:00:47", "end": "00:00:52", "text": "intelligence boom. My name is Lewis and"}, {"start": "00:00:49", "end": "00:00:54", "text": "you're watching the Coin Bureau."}, {"start": "00:00:52", "end": "00:00:56", "text": "Now before we dive into the geopolitical"}, {"start": "00:00:54", "end": "00:00:58", "text": "chaos currently suffocating the global"}, {"start": "00:00:56", "end": "00:01:01", "text": "supply chain, we need to understand the"}, {"start": "00:00:58", "end": "00:01:03", "text": "foundational mechanics of modern chip"}, {"start": "00:01:01", "end": "00:01:05", "text": "fabrication. Modern semiconductor"}, {"start": "00:01:03", "end": "00:01:08", "text": "fabrication plants, commonly known as"}, {"start": "00:01:05", "end": "00:01:10", "text": "fabs, are widely considered to be the"}, {"start": "00:01:08", "end": "00:01:12", "text": "most complex manufacturing facilities"}, {"start": "00:01:10", "end": "00:01:14", "text": "ever constructed by human hands."}, {"start": "00:01:12", "end": "00:01:17", "text": "Creating the advanced silicon required"}, {"start": "00:01:14", "end": "00:01:20", "text": "for artificial intelligence processing"}, {"start": "00:01:17", "end": "00:01:22", "text": "involves extreme ultraviolet lithography"}, {"start": "00:01:20", "end": "00:01:25", "text": "and super cooled environments that push"}, {"start": "00:01:22", "end": "00:01:28", "text": "the boundaries of modern physics. These"}, {"start": "00:01:25", "end": "00:01:30", "text": "multibillion dollar facilities operate"}, {"start": "00:01:28", "end": "00:01:31", "text": "on incredibly tight tolerances where"}, {"start": "00:01:30", "end": "00:01:33", "text": "even the slightest deviation in"}, {"start": "00:01:31", "end": "00:01:36", "text": "temperature or chemical purity can"}, {"start": "00:01:33", "end": "00:01:38", "text": "destroy an entire production run. And at"}, {"start": "00:01:36", "end": "00:01:40", "text": "the very heart of this microscopic"}, {"start": "00:01:38", "end": "00:01:42", "text": "manufacturing miracle is a massive"}, {"start": "00:01:40", "end": "00:01:45", "text": "structural dependency on a single"}, {"start": "00:01:42", "end": "00:01:47", "text": "element that cannot be manufactured or"}, {"start": "00:01:45", "end": "00:01:50", "text": "synthetically replicated. To understand"}, {"start": "00:01:47", "end": "00:01:52", "text": "exactly why this vulnerability exists,"}, {"start": "00:01:50", "end": "00:01:53", "text": "we have to look inside the machines that"}, {"start": "00:01:52", "end": "00:01:56", "text": "actually print these advanced"}, {"start": "00:01:53", "end": "00:02:00", "text": "microchips. The Dutch technology giant"}, {"start": "00:01:56", "end": "00:02:02", "text": "ASML holds an absolute global monopoly"}, {"start": "00:02:00", "end": "00:02:04", "text": "on extreme ultraviolet lithography"}, {"start": "00:02:02", "end": "00:02:06", "text": "machines, which are the only devices"}, {"start": "00:02:04", "end": "00:02:09", "text": "capable of manufacturing the sub7"}, {"start": "00:02:06", "end": "00:02:11", "text": "nanometer chips used in modern"}, {"start": "00:02:09", "end": "00:02:14", "text": "accelerators. These incredible pieces of"}, {"start": "00:02:11", "end": "00:02:17", "text": "equipment cost approximately $400"}, {"start": "00:02:14", "end": "00:02:20", "text": "million each, and they generate the"}, {"start": "00:02:17", "end": "00:02:23", "text": "necessary ultraviolet light by firing"}, {"start": "00:02:20", "end": "00:02:26", "text": "highowered lasers at microscopic"}, {"start": "00:02:23", "end": "00:02:28", "text": "droplets of molted tin. This specific"}, {"start": "00:02:26", "end": "00:02:33", "text": "process creates an intense plasma that"}, {"start": "00:02:28", "end": "00:02:35", "text": "reaches temperatures exceeding 220,000�"}, {"start": "00:02:33", "end": "00:02:38", "text": "C, which is significantly hotter than"}, {"start": "00:02:35", "end": "00:02:40", "text": "even the surface of the sun. However,"}, {"start": "00:02:38", "end": "00:02:42", "text": "the highly sensitive optical mirrors"}, {"start": "00:02:40", "end": "00:02:44", "text": "required to focus that extreme"}, {"start": "00:02:42", "end": "00:02:47", "text": "ultraviolet light must be maintained in"}, {"start": "00:02:44", "end": "00:02:50", "text": "a state of absolute thermal stability to"}, {"start": "00:02:47", "end": "00:02:52", "text": "prevent warping. To achieve this"}, {"start": "00:02:50", "end": "00:02:54", "text": "impossible temperature differential"}, {"start": "00:02:52", "end": "00:02:56", "text": "within a single machine, the equipment"}, {"start": "00:02:54", "end": "00:03:00", "text": "relies entirely on superconducting"}, {"start": "00:02:56", "end": "00:03:02", "text": "magnets cooled by liquid helium. Helium"}, {"start": "00:03:00", "end": "00:03:06", "text": "boils at -269�"}, {"start": "00:03:02", "end": "00:03:08", "text": "C, which is just 4� above absolute zero,"}, {"start": "00:03:06", "end": "00:03:11", "text": "making it the coldest naturally"}, {"start": "00:03:08", "end": "00:03:13", "text": "occurring substance in the observable"}, {"start": "00:03:11", "end": "00:03:15", "text": "universe. Because its thermal"}, {"start": "00:03:13", "end": "00:03:18", "text": "conductivity is six times higher than"}, {"start": "00:03:15", "end": "00:03:20", "text": "nitrogen, liquid helium is the only"}, {"start": "00:03:18", "end": "00:03:22", "text": "element capable of maintaining the"}, {"start": "00:03:20", "end": "00:03:24", "text": "specific superconducting environments."}, {"start": "00:03:22", "end": "00:03:26", "text": "If the cryogenic cooling system is"}, {"start": "00:03:24", "end": "00:03:28", "text": "interrupted for even a fraction of a"}, {"start": "00:03:26", "end": "00:03:31", "text": "second, the superconducting magnets will"}, {"start": "00:03:28", "end": "00:03:33", "text": "experience a sudden loss in their state,"}, {"start": "00:03:31", "end": "00:03:36", "text": "resulting in a violent release of"}, {"start": "00:03:33", "end": "00:03:38", "text": "magnetic energy known as a quench. This"}, {"start": "00:03:36", "end": "00:03:41", "text": "quenching event does not merely pause"}, {"start": "00:03:38", "end": "00:03:43", "text": "the manufacturing process. It physically"}, {"start": "00:03:41", "end": "00:03:45", "text": "damages the internal components of the"}, {"start": "00:03:43", "end": "00:03:47", "text": "lithography machines. Furthermore,"}, {"start": "00:03:45", "end": "00:03:50", "text": "because helium is a noble gas, it is"}, {"start": "00:03:47", "end": "00:03:52", "text": "chemically inert, meaning that it will"}, {"start": "00:03:50", "end": "00:03:54", "text": "not react with the silicon wafers or"}, {"start": "00:03:52", "end": "00:03:56", "text": "contaminate the ultra clean vacuum"}, {"start": "00:03:54", "end": "00:03:58", "text": "chamber during production. Its"}, {"start": "00:03:56", "end": "00:04:01", "text": "microscopic atomic size also makes it"}, {"start": "00:03:58", "end": "00:04:03", "text": "absolutely irreplaceable for detecting"}, {"start": "00:04:01", "end": "00:04:05", "text": "microscopic vacuum leaks in the"}, {"start": "00:04:03", "end": "00:04:07", "text": "fabrication equipment, ensuring the"}, {"start": "00:04:05", "end": "00:04:10", "text": "pristine environment required for atomic"}, {"start": "00:04:07", "end": "00:04:12", "text": "scale etching. The gas is also used to"}, {"start": "00:04:10", "end": "00:04:15", "text": "pump behind silicon wafers during high"}, {"start": "00:04:12", "end": "00:04:17", "text": "precision etching to prevent thermal"}, {"start": "00:04:15", "end": "00:04:19", "text": "warping, which is especially critical"}, {"start": "00:04:17", "end": "00:04:22", "text": "for the three-dimensional chip stacking"}, {"start": "00:04:19", "end": "00:04:24", "text": "required in modern memory units. Put"}, {"start": "00:04:22", "end": "00:04:27", "text": "simply, there is absolutely no synthetic"}, {"start": "00:04:24", "end": "00:04:29", "text": "substitute for helium in this specific"}, {"start": "00:04:27", "end": "00:04:32", "text": "high-tech manufacturing process. The"}, {"start": "00:04:29", "end": "00:04:34", "text": "fundamental laws of physics completely"}, {"start": "00:04:32", "end": "00:04:37", "text": "precludes the substitution of any other"}, {"start": "00:04:34", "end": "00:04:39", "text": "element for these cryogenic and inert"}, {"start": "00:04:37", "end": "00:04:40", "text": "atmosphere applications. If a"}, {"start": "00:04:39", "end": "00:04:43", "text": "semiconductor fab runs out of liquid"}, {"start": "00:04:40", "end": "00:04:45", "text": "helium, production does not just slow"}, {"start": "00:04:43", "end": "00:04:47", "text": "down, it physically halts until the"}, {"start": "00:04:45", "end": "00:04:49", "text": "supply is fully restored. And"}, {"start": "00:04:47", "end": "00:04:51", "text": "unfortunately for the global technology"}, {"start": "00:04:49", "end": "00:04:53", "text": "sector, the vast majority of these"}, {"start": "00:04:51", "end": "00:04:55", "text": "fabrication plants lack comprehensive"}, {"start": "00:04:53", "end": "00:04:57", "text": "closed loop recycling infrastructure."}, {"start": "00:04:55", "end": "00:04:59", "text": "While advanced recycling systems can"}, {"start": "00:04:57", "end": "00:05:02", "text": "theoretically recover a large percentage"}, {"start": "00:04:59", "end": "00:05:04", "text": "of consumed gas, retrofitting legacy"}, {"start": "00:05:02", "end": "00:05:06", "text": "facilities requires massive capital"}, {"start": "00:05:04", "end": "00:05:09", "text": "investment and months of operational"}, {"start": "00:05:06", "end": "00:05:11", "text": "downtime. This means that in most modern"}, {"start": "00:05:09", "end": "00:05:13", "text": "fabrication plants, the gas is typically"}, {"start": "00:05:11", "end": "00:05:16", "text": "vented into the atmosphere after a"}, {"start": "00:05:13", "end": "00:05:17", "text": "single use and lost forever. Now,"}, {"start": "00:05:16", "end": "00:05:20", "text": "staying ahead of these massive"}, {"start": "00:05:17", "end": "00:05:21", "text": "institutional power plays and physical"}, {"start": "00:05:20", "end": "00:05:23", "text": "supply shocks before they hit the"}, {"start": "00:05:21", "end": "00:05:24", "text": "mainstream headlines, well, that is"}, {"start": "00:05:23", "end": "00:05:27", "text": "exactly why you need the Coin Bureau"}, {"start": "00:05:24", "end": "00:05:29", "text": "Telegram channel. This is where we share"}, {"start": "00:05:27", "end": "00:05:31", "text": "the latest breaking macroeconomic news,"}, {"start": "00:05:29", "end": "00:05:33", "text": "provide deep dive alpha, and give you"}, {"start": "00:05:31", "end": "00:05:35", "text": "the most important market updates. We"}, {"start": "00:05:33", "end": "00:05:37", "text": "deliver this critical information"}, {"start": "00:05:35", "end": "00:05:39", "text": "directly to your device so that you"}, {"start": "00:05:37", "end": "00:05:41", "text": "never miss a sudden geopolitical shift"}, {"start": "00:05:39", "end": "00:05:42", "text": "or a hidden regulatory filing. You can"}, {"start": "00:05:41", "end": "00:05:44", "text": "sign up today by using the link in the"}, {"start": "00:05:42", "end": "00:05:47", "text": "description below or by scanning the QR"}, {"start": "00:05:44", "end": "00:05:49", "text": "code currently displayed on your screen."}, {"start": "00:05:47", "end": "00:05:52", "text": "Now, let us return to the catastrophic"}, {"start": "00:05:49", "end": "00:05:54", "text": "supply chain failure currently unfolding"}, {"start": "00:05:52", "end": "00:05:56", "text": "across the Middle East. You might assume"}, {"start": "00:05:54", "end": "00:05:58", "text": "that because helium is the second most"}, {"start": "00:05:56", "end": "00:06:00", "text": "abundant element in the universe,"}, {"start": "00:05:58", "end": "00:06:02", "text": "securing a steady supply for industrial"}, {"start": "00:06:00", "end": "00:06:04", "text": "manufacturing would be a trivial"}, {"start": "00:06:02", "end": "00:06:06", "text": "logistical matter. That assumption"}, {"start": "00:06:04", "end": "00:06:08", "text": "completely ignores the reality of"}, {"start": "00:06:06", "end": "00:06:10", "text": "terrestrial geology because the helium"}, {"start": "00:06:08", "end": "00:06:12", "text": "that we use on Earth is formed"}, {"start": "00:06:10", "end": "00:06:15", "text": "exclusively through the radioactive"}, {"start": "00:06:12", "end": "00:06:17", "text": "decay of uranium and thorium over"}, {"start": "00:06:15", "end": "00:06:20", "text": "billions of years. It becomes trapped in"}, {"start": "00:06:17", "end": "00:06:23", "text": "subterranean rock formations alongside"}, {"start": "00:06:20", "end": "00:06:25", "text": "natural gas deposits and it is extracted"}, {"start": "00:06:23", "end": "00:06:28", "text": "exclusively as a byproduct of natural"}, {"start": "00:06:25", "end": "00:06:30", "text": "gas processing. Specifically, it is"}, {"start": "00:06:28", "end": "00:06:33", "text": "captured during the cryogenic separation"}, {"start": "00:06:30", "end": "00:06:36", "text": "process required to produce liqufied"}, {"start": "00:06:33", "end": "00:06:39", "text": "natural gas, meaning the global helium"}, {"start": "00:06:36", "end": "00:06:42", "text": "supply is entirely tethered to LNG"}, {"start": "00:06:39", "end": "00:06:44", "text": "infrastructure. If an LNG plant stops"}, {"start": "00:06:42", "end": "00:06:47", "text": "operating, helium extraction stops"}, {"start": "00:06:44", "end": "00:06:49", "text": "simultaneously because there is no such"}, {"start": "00:06:47", "end": "00:06:51", "text": "thing as a standalone helium mine."}, {"start": "00:06:49", "end": "00:06:53", "text": "Historically, the United States"}, {"start": "00:06:51", "end": "00:06:55", "text": "government maintained a massive"}, {"start": "00:06:53", "end": "00:06:58", "text": "strategic buffer known as the Federal"}, {"start": "00:06:55", "end": "00:07:00", "text": "Helium Reserve in Texas, which anchored"}, {"start": "00:06:58", "end": "00:07:03", "text": "global prices and provided emergency"}, {"start": "00:07:00", "end": "00:07:05", "text": "supply. However, in 2024, the Bureau of"}, {"start": "00:07:03", "end": "00:07:08", "text": "Land Management finalized the sale of"}, {"start": "00:07:05", "end": "00:07:11", "text": "this critical strategic asset to a"}, {"start": "00:07:08", "end": "00:07:14", "text": "private corporation for roughly $423"}, {"start": "00:07:11", "end": "00:07:17", "text": "million. The United States effectively"}, {"start": "00:07:14", "end": "00:07:19", "text": "traded its only strategic safety net for"}, {"start": "00:07:17", "end": "00:07:20", "text": "the equivalent capital required to"}, {"start": "00:07:19", "end": "00:07:23", "text": "purchase a single piece of modern"}, {"start": "00:07:20", "end": "00:07:25", "text": "shipmaking equipment. This privatization"}, {"start": "00:07:23", "end": "00:07:27", "text": "left the global market dangerously"}, {"start": "00:07:25", "end": "00:07:29", "text": "exposed to geopolitical concentration"}, {"start": "00:07:27", "end": "00:07:32", "text": "risk, specifically regarding the state"}, {"start": "00:07:29", "end": "00:07:34", "text": "of Qar. Qatar is one of the world's"}, {"start": "00:07:32", "end": "00:07:36", "text": "largest producers of this vital element,"}, {"start": "00:07:34", "end": "00:07:39", "text": "capturing it directly from their massive"}, {"start": "00:07:36", "end": "00:07:42", "text": "northfield gas reserves and exporting it"}, {"start": "00:07:39", "end": "00:07:44", "text": "globally. In fact, Qatar accounts for"}, {"start": "00:07:42", "end": "00:07:46", "text": "approximately onethird of the world's"}, {"start": "00:07:44", "end": "00:07:49", "text": "traded helium supply, serving as the"}, {"start": "00:07:46", "end": "00:07:51", "text": "primary supplier for the entire Asian"}, {"start": "00:07:49", "end": "00:07:53", "text": "manufacturing sector. But following the"}, {"start": "00:07:51", "end": "00:07:56", "text": "devastating Iranian drone and missile"}, {"start": "00:07:53", "end": "00:07:59", "text": "attacks on Qar's Rosan industrial city"}, {"start": "00:07:56", "end": "00:08:01", "text": "in early of March 2026,"}, {"start": "00:07:59", "end": "00:08:04", "text": "the global supply chain suffered a"}, {"start": "00:08:01", "end": "00:08:06", "text": "catastrophic rupture. Qatar Energy was"}, {"start": "00:08:04", "end": "00:08:08", "text": "forced to declare force majour on their"}, {"start": "00:08:06", "end": "00:08:10", "text": "contracts, officially citing an"}, {"start": "00:08:08", "end": "00:08:12", "text": "inability to fulfill delivery"}, {"start": "00:08:10", "end": "00:08:14", "text": "obligations due to circumstances"}, {"start": "00:08:12", "end": "00:08:17", "text": "completely beyond their control. The"}, {"start": "00:08:14", "end": "00:08:19", "text": "chief executive officer of Qatar Energy"}, {"start": "00:08:17", "end": "00:08:21", "text": "confirmed extensive damage to their"}, {"start": "00:08:19", "end": "00:08:24", "text": "facilities, officially reporting that"}, {"start": "00:08:21", "end": "00:08:26", "text": "14% of their helium export capacity was"}, {"start": "00:08:24", "end": "00:08:28", "text": "destroyed. Even more terrifying for the"}, {"start": "00:08:26", "end": "00:08:30", "text": "global supply chain is the official"}, {"start": "00:08:28", "end": "00:08:32", "text": "repair timeline, which is currently"}, {"start": "00:08:30", "end": "00:08:35", "text": "estimated to take between three and 5"}, {"start": "00:08:32", "end": "00:08:37", "text": "years to complete. Industry reports and"}, {"start": "00:08:35", "end": "00:08:40", "text": "commodity market data confirm that"}, {"start": "00:08:37", "end": "00:08:42", "text": "approximately 30 to 33% of the global"}, {"start": "00:08:40", "end": "00:08:44", "text": "seaborn helium supply has been"}, {"start": "00:08:42", "end": "00:08:45", "text": "effectively removed from the market. And"}, {"start": "00:08:44", "end": "00:08:48", "text": "this logistical nightmare is"}, {"start": "00:08:45", "end": "00:08:50", "text": "exponentially compounded by the ongoing"}, {"start": "00:08:48", "end": "00:08:52", "text": "shipping route disruptions throughout"}, {"start": "00:08:50", "end": "00:08:54", "text": "the straight of Hormuz. Liquid helium"}, {"start": "00:08:52", "end": "00:08:57", "text": "must be transported globally using"}, {"start": "00:08:54", "end": "00:08:59", "text": "specialized cryogenic isotank containers"}, {"start": "00:08:57", "end": "00:09:02", "text": "that maintain temperatures near absolute"}, {"start": "00:08:59", "end": "00:09:04", "text": "zero during intermodal transit. There is"}, {"start": "00:09:02", "end": "00:09:06", "text": "currently an estimated 200 of these"}, {"start": "00:09:04", "end": "00:09:09", "text": "highly specialized containers stranded"}, {"start": "00:09:06", "end": "00:09:11", "text": "in or near the Persian Gulf due to the"}, {"start": "00:09:09", "end": "00:09:13", "text": "regional maritime conflict. These"}, {"start": "00:09:11", "end": "00:09:16", "text": "containers are not actively refrigerated"}, {"start": "00:09:13", "end": "00:09:18", "text": "during transit. They rely entirely on"}, {"start": "00:09:16", "end": "00:09:20", "text": "heavy vacuum jacketed insulated and"}, {"start": "00:09:18", "end": "00:09:23", "text": "internal pressure to maintain their"}, {"start": "00:09:20", "end": "00:09:25", "text": "cryogenic state. Because of this"}, {"start": "00:09:23", "end": "00:09:27", "text": "specific engineering design, the"}, {"start": "00:09:25", "end": "00:09:30", "text": "containers have a maximum hold time of"}, {"start": "00:09:27", "end": "00:09:32", "text": "roughly 35 to 48 days before the liquid"}, {"start": "00:09:30", "end": "00:09:35", "text": "contents begin to irreversibly"}, {"start": "00:09:32", "end": "00:09:37", "text": "evaporate. This boiloff reality means"}, {"start": "00:09:35", "end": "00:09:39", "text": "that stranded inventory does not simply"}, {"start": "00:09:37", "end": "00:09:41", "text": "sit waiting for the shipping lanes to"}, {"start": "00:09:39", "end": "00:09:44", "text": "reopen. It literally disappears into the"}, {"start": "00:09:41", "end": "00:09:46", "text": "atmosphere. Once released into the air,"}, {"start": "00:09:44", "end": "00:09:49", "text": "helium is light enough to escape Earth's"}, {"start": "00:09:46", "end": "00:09:51", "text": "gravitational pole entirely, making it"}, {"start": "00:09:49", "end": "00:09:54", "text": "genuinely non-renewable on any human"}, {"start": "00:09:51", "end": "00:09:56", "text": "time scale. This geographical bottleneck"}, {"start": "00:09:54", "end": "00:09:58", "text": "presents an existential threat to the"}, {"start": "00:09:56", "end": "00:10:00", "text": "epicenter of global semiconductor"}, {"start": "00:09:58", "end": "00:10:03", "text": "manufacturing, which is heavily"}, {"start": "00:10:00", "end": "00:10:05", "text": "concentrated in Taiwan and South Korea."}, {"start": "00:10:03", "end": "00:10:07", "text": "These critical Asian manufacturing hubs"}, {"start": "00:10:05", "end": "00:10:09", "text": "are almost entirely dependent on"}, {"start": "00:10:07", "end": "00:10:11", "text": "imported helium delivered via this"}, {"start": "00:10:09", "end": "00:10:14", "text": "specialized cryogenic maritime"}, {"start": "00:10:11", "end": "00:10:15", "text": "transport. South Korea represents the"}, {"start": "00:10:14", "end": "00:10:18", "text": "most extreme vulnerability, having"}, {"start": "00:10:15", "end": "00:10:21", "text": "sourced a staggering 64.7%"}, {"start": "00:10:18", "end": "00:10:23", "text": "of its total helium imports from Qatar"}, {"start": "00:10:21", "end": "00:10:25", "text": "during the previous year. This"}, {"start": "00:10:23", "end": "00:10:27", "text": "dependency is incredibly dangerous"}, {"start": "00:10:25", "end": "00:10:30", "text": "because South Korea is home to SKH"}, {"start": "00:10:27", "end": "00:10:33", "text": "Highix which is the dominant global"}, {"start": "00:10:30", "end": "00:10:35", "text": "producer of high bandwidth memory chips."}, {"start": "00:10:33", "end": "00:10:37", "text": "These specific memory stacks are"}, {"start": "00:10:35", "end": "00:10:38", "text": "absolutely mandatory components for the"}, {"start": "00:10:37", "end": "00:10:41", "text": "advanced artificial intelligence"}, {"start": "00:10:38", "end": "00:10:43", "text": "accelerators designed by companies like"}, {"start": "00:10:41", "end": "00:10:45", "text": "Nvidia. The three-dimensional chip"}, {"start": "00:10:43", "end": "00:10:48", "text": "stacking process required to manufacture"}, {"start": "00:10:45", "end": "00:10:50", "text": "these memory units demands intense"}, {"start": "00:10:48", "end": "00:10:52", "text": "backside wafer cooling, making it one of"}, {"start": "00:10:50", "end": "00:10:54", "text": "the most helium intensive procedures in"}, {"start": "00:10:52", "end": "00:10:55", "text": "the entire industry. Without a"}, {"start": "00:10:54", "end": "00:10:58", "text": "continuous supply of high bandwidth"}, {"start": "00:10:55", "end": "00:11:00", "text": "memory from SKH Highix, Nvidia cannot"}, {"start": "00:10:58", "end": "00:11:03", "text": "physically assemble or ship their highly"}, {"start": "00:11:00", "end": "00:11:05", "text": "coveted artificial intelligence graphics"}, {"start": "00:11:03", "end": "00:11:08", "text": "processing units. Meanwhile, Taiwan"}, {"start": "00:11:05", "end": "00:11:11", "text": "hosts TSMC, which produces approximately"}, {"start": "00:11:08", "end": "00:11:14", "text": "90% of the world's most advanced logic"}, {"start": "00:11:11", "end": "00:11:17", "text": "chips and relies on Qar for roughly 30%"}, {"start": "00:11:14", "end": "00:11:18", "text": "of its helium supply. Industry analysts"}, {"start": "00:11:17", "end": "00:11:20", "text": "indicate that major South Korean"}, {"start": "00:11:18", "end": "00:11:22", "text": "chipmakers currently possess an"}, {"start": "00:11:20", "end": "00:11:24", "text": "estimated operating buffer of roughly 4"}, {"start": "00:11:22", "end": "00:11:27", "text": "to 6 months. While these corporations"}, {"start": "00:11:24", "end": "00:11:28", "text": "aggressively built emergency reserves"}, {"start": "00:11:27", "end": "00:11:31", "text": "following previous supply chain"}, {"start": "00:11:28", "end": "00:11:33", "text": "disruptions, their highly optimized just"}, {"start": "00:11:31", "end": "00:11:35", "text": "in time inventory models are fracturing"}, {"start": "00:11:33", "end": "00:11:37", "text": "under the current pressure. Even if"}, {"start": "00:11:35", "end": "00:11:39", "text": "production at Ross Leafon were to"}, {"start": "00:11:37", "end": "00:11:41", "text": "miraculously resume today, the full"}, {"start": "00:11:39", "end": "00:11:43", "text": "supply chain recovery involving"}, {"start": "00:11:41", "end": "00:11:45", "text": "repositioning cryogenic containers and"}, {"start": "00:11:43", "end": "00:11:48", "text": "revalidating logistic networks could"}, {"start": "00:11:45", "end": "00:11:50", "text": "take up to 6 months. This creates a"}, {"start": "00:11:48", "end": "00:11:52", "text": "mathematical countdown clock where"}, {"start": "00:11:50", "end": "00:11:54", "text": "multi-billion dollar facilities will"}, {"start": "00:11:52", "end": "00:11:56", "text": "eventually be forced into controlled"}, {"start": "00:11:54", "end": "00:11:58", "text": "shutdowns to prevent catastrophic"}, {"start": "00:11:56", "end": "00:12:00", "text": "equipment damage. Restarting a"}, {"start": "00:11:58", "end": "00:12:02", "text": "semiconductor fab after a forced"}, {"start": "00:12:00", "end": "00:12:04", "text": "shutdown requires weeks of"}, {"start": "00:12:02", "end": "00:12:06", "text": "reertification and vacuum system"}, {"start": "00:12:04", "end": "00:12:09", "text": "restoration, costing billions of dollars"}, {"start": "00:12:06", "end": "00:12:11", "text": "in lost production value. Spot prices"}, {"start": "00:12:09", "end": "00:12:13", "text": "for industrial helium have already"}, {"start": "00:12:11", "end": "00:12:15", "text": "doubled since the crisis began, and"}, {"start": "00:12:13", "end": "00:12:19", "text": "credit rating agencies are warning that"}, {"start": "00:12:15", "end": "00:12:21", "text": "prolonged outages could push prices 200%"}, {"start": "00:12:19", "end": "00:12:23", "text": "higher. This is exactly why the South"}, {"start": "00:12:21", "end": "00:12:26", "text": "Korean government has officially flagged"}, {"start": "00:12:23", "end": "00:12:28", "text": "Helium as a critical material requiring"}, {"start": "00:12:26", "end": "00:12:30", "text": "emergency monitoring and strategic"}, {"start": "00:12:28", "end": "00:12:32", "text": "rationing. You might assume that the"}, {"start": "00:12:30", "end": "00:12:34", "text": "financial markets have already priced in"}, {"start": "00:12:32", "end": "00:12:36", "text": "this massive logistical vulnerability,"}, {"start": "00:12:34", "end": "00:12:37", "text": "adjusting technology valuations to"}, {"start": "00:12:36", "end": "00:12:40", "text": "reflect the physical constraints of"}, {"start": "00:12:37", "end": "00:12:42", "text": "hardware manufacturing. That assumption"}, {"start": "00:12:40", "end": "00:12:44", "text": "completely underestimates the magnitude"}, {"start": "00:12:42", "end": "00:12:45", "text": "of the speculative mania currently"}, {"start": "00:12:44", "end": "00:12:48", "text": "driving Wall Street's artificial"}, {"start": "00:12:45", "end": "00:12:50", "text": "intelligence narrative. Despite these"}, {"start": "00:12:48", "end": "00:12:52", "text": "glaring physical constraints, the modern"}, {"start": "00:12:50", "end": "00:12:54", "text": "stock market continues to price"}, {"start": "00:12:52", "end": "00:12:56", "text": "artificial intelligent companies for"}, {"start": "00:12:54", "end": "00:12:58", "text": "absolute perfection. Retail investors"}, {"start": "00:12:56", "end": "00:13:01", "text": "are aggressively buying into technology"}, {"start": "00:12:58", "end": "00:13:03", "text": "stocks based entirely on software growth"}, {"start": "00:13:01", "end": "00:13:05", "text": "narratives, completely ignoring the"}, {"start": "00:13:03", "end": "00:13:07", "text": "physical commodities required to build"}, {"start": "00:13:05", "end": "00:13:11", "text": "the underlying hardware. We are"}, {"start": "00:13:07", "end": "00:13:13", "text": "currently looking at an $18.7 trillion"}, {"start": "00:13:11", "end": "00:13:15", "text": "valuation stack spread across major"}, {"start": "00:13:13", "end": "00:13:18", "text": "semiconductor manufacturers and the"}, {"start": "00:13:15", "end": "00:13:20", "text": "massive hyperscaler cloud providers. The"}, {"start": "00:13:18", "end": "00:13:23", "text": "semiconductor hardware layer alone"}, {"start": "00:13:20", "end": "00:13:25", "text": "represents roughly $8.68 68 trillion,"}, {"start": "00:13:23", "end": "00:13:28", "text": "while the major hyperscalers account for"}, {"start": "00:13:25", "end": "00:13:31", "text": "another $10.05 trillion in market"}, {"start": "00:13:28", "end": "00:13:33", "text": "capitalization. This entire financial"}, {"start": "00:13:31", "end": "00:13:35", "text": "architecture is actively gated by a"}, {"start": "00:13:33", "end": "00:13:39", "text": "global helium market that was valued at"}, {"start": "00:13:35", "end": "00:13:41", "text": "roughly $5.5 billion annually before the"}, {"start": "00:13:39", "end": "00:13:44", "text": "crisis began. The market capitalization"}, {"start": "00:13:41", "end": "00:13:47", "text": "of Nvidia alone regularly exceeds $4"}, {"start": "00:13:44", "end": "00:13:49", "text": "trillion, representing a valuation that"}, {"start": "00:13:47", "end": "00:13:52", "text": "assumes continuous frictionless scaling"}, {"start": "00:13:49", "end": "00:13:54", "text": "of computational power. Meanwhile, the"}, {"start": "00:13:52", "end": "00:13:57", "text": "major hyperscalers are projected to"}, {"start": "00:13:54", "end": "00:14:00", "text": "spend up to $700 billion on artificial"}, {"start": "00:13:57", "end": "00:14:03", "text": "intelligence infrastructure throughout"}, {"start": "00:14:00", "end": "00:14:05", "text": "2026 alone. Investment banks like Morgan"}, {"start": "00:14:03", "end": "00:14:07", "text": "Stanley project that the capital"}, {"start": "00:14:05", "end": "00:14:09", "text": "expenditure to sales ratios for these"}, {"start": "00:14:07", "end": "00:14:13", "text": "tech giants will reach an astonishing"}, {"start": "00:14:09", "end": "00:14:16", "text": "34% this year. This massive spending"}, {"start": "00:14:13", "end": "00:14:18", "text": "ratio actually exceeds the historic 32%"}, {"start": "00:14:16", "end": "00:14:21", "text": "peak witnessed during the absolute"}, {"start": "00:14:18", "end": "00:14:24", "text": "height of the.com bubble in the year"}, {"start": "00:14:21", "end": "00:14:28", "text": "2000. Furthermore, hyperscalers issued"}, {"start": "00:14:24", "end": "00:14:30", "text": "over 120 billion in new corporate bonds"}, {"start": "00:14:28", "end": "00:14:32", "text": "recently, aggressively borrowing money"}, {"start": "00:14:30", "end": "00:14:35", "text": "to finance data centers that require"}, {"start": "00:14:32", "end": "00:14:37", "text": "uninterrupted chip deliveries. This"}, {"start": "00:14:35", "end": "00:14:39", "text": "represents a classic liquidity illusion"}, {"start": "00:14:37", "end": "00:14:41", "text": "where the financial market believes"}, {"start": "00:14:39", "end": "00:14:44", "text": "digital growth is infinite until a"}, {"start": "00:14:41", "end": "00:14:47", "text": "physical choke point forces a violent"}, {"start": "00:14:44", "end": "00:14:50", "text": "repricing. The S&P 500 Schiller cape"}, {"start": "00:14:47", "end": "00:14:52", "text": "ratio recently exceeded 40, a level"}, {"start": "00:14:50", "end": "00:14:55", "text": "historically associated only with the"}, {"start": "00:14:52", "end": "00:14:57", "text": "most extreme speculative bubbles in"}, {"start": "00:14:55", "end": "00:14:59", "text": "modern financial history. When the"}, {"start": "00:14:57", "end": "00:15:02", "text": "helium shortage inevitably forces chip"}, {"start": "00:14:59", "end": "00:15:04", "text": "manufacturers to declare force majour on"}, {"start": "00:15:02", "end": "00:15:06", "text": "their component deliveries, the entire"}, {"start": "00:15:04", "end": "00:15:10", "text": "artificial intelligence financing"}, {"start": "00:15:06", "end": "00:15:12", "text": "structure begins to unravel. If SKH"}, {"start": "00:15:10", "end": "00:15:15", "text": "cannot cool their memory wafers, they"}, {"start": "00:15:12", "end": "00:15:17", "text": "must declare force majour to Nvidia who"}, {"start": "00:15:15", "end": "00:15:20", "text": "must then declare their hardware"}, {"start": "00:15:17", "end": "00:15:22", "text": "deliveries to the major cloud providers."}, {"start": "00:15:20", "end": "00:15:24", "text": "If hyperscalers cannot secure the"}, {"start": "00:15:22", "end": "00:15:26", "text": "physical hardware required to expand"}, {"start": "00:15:24", "end": "00:15:28", "text": "their data centers, their aggressively"}, {"start": "00:15:26", "end": "00:15:31", "text": "optimistic revenue projections will"}, {"start": "00:15:28", "end": "00:15:33", "text": "mathematically collapse. This creates a"}, {"start": "00:15:31", "end": "00:15:35", "text": "devastating scenario where the massive"}, {"start": "00:15:33", "end": "00:15:38", "text": "debt accumulated to finance these data"}, {"start": "00:15:35", "end": "00:15:41", "text": "centers becomes unserviceable as revenue"}, {"start": "00:15:38", "end": "00:15:43", "text": "growth violently decreases. A helium"}, {"start": "00:15:41", "end": "00:15:45", "text": "shortage is uniquely dangerous because"}, {"start": "00:15:43", "end": "00:15:47", "text": "it remains completely invisible to"}, {"start": "00:15:45", "end": "00:15:49", "text": "traditional financial models and"}, {"start": "00:15:47", "end": "00:15:51", "text": "corporate income statements until the"}, {"start": "00:15:49", "end": "00:15:53", "text": "production lines physically halt. While"}, {"start": "00:15:51", "end": "00:15:54", "text": "retail investors continue to chase"}, {"start": "00:15:53", "end": "00:15:56", "text": "software multiples and digital"}, {"start": "00:15:54", "end": "00:15:59", "text": "narratives, smart money is aggressively"}, {"start": "00:15:56", "end": "00:16:01", "text": "rotating into the physical supply chain."}, {"start": "00:15:59", "end": "00:16:04", "text": "Major industrial gas suppliers like"}, {"start": "00:16:01", "end": "00:16:06", "text": "Lindai and air products have vastly"}, {"start": "00:16:04", "end": "00:16:09", "text": "outperformed the broader market, surging"}, {"start": "00:16:06", "end": "00:16:11", "text": "17% year-to- date. While several major"}, {"start": "00:16:09", "end": "00:16:14", "text": "tech stocks have suffered double-digit"}, {"start": "00:16:11", "end": "00:16:15", "text": "declines, financial institutions like JP"}, {"start": "00:16:14", "end": "00:16:17", "text": "Morgan have recently upgraded these"}, {"start": "00:16:15", "end": "00:16:19", "text": "industrial gas companies, recognizing"}, {"start": "00:16:17", "end": "00:16:21", "text": "that they hold absolute pricing power"}, {"start": "00:16:19", "end": "00:16:24", "text": "over a structurally under supplied"}, {"start": "00:16:21", "end": "00:16:26", "text": "market. These gas suppliers do not need"}, {"start": "00:16:24", "end": "00:16:28", "text": "artificial intelligence software to"}, {"start": "00:16:26", "end": "00:16:30", "text": "succeed. They simply need the hardware"}, {"start": "00:16:28", "end": "00:16:32", "text": "supply chain to remain entirely"}, {"start": "00:16:30", "end": "00:16:34", "text": "dependent on their physical commodities."}, {"start": "00:16:32", "end": "00:16:37", "text": "By leveraging long-term take or pay"}, {"start": "00:16:34", "end": "00:16:39", "text": "contracts, these industrial giants can"}, {"start": "00:16:37", "end": "00:16:41", "text": "pass massive price increases directly"}, {"start": "00:16:39", "end": "00:16:43", "text": "onto the semiconductor manufacturers who"}, {"start": "00:16:41", "end": "00:16:45", "text": "have absolutely no alternative sourcing"}, {"start": "00:16:43", "end": "00:16:48", "text": "options. We have seen this exact dynamic"}, {"start": "00:16:45", "end": "00:16:50", "text": "unfold previously during the 2021 neon"}, {"start": "00:16:48", "end": "00:16:52", "text": "gas shortage triggered by the conflict"}, {"start": "00:16:50", "end": "00:16:56", "text": "in Ukraine, which sent prices"}, {"start": "00:16:52", "end": "00:16:58", "text": "skyrocketing by 600% in just 3 months."}, {"start": "00:16:56", "end": "00:17:00", "text": "We also witnessed a similar supply chain"}, {"start": "00:16:58", "end": "00:17:02", "text": "collapse during the 2011 rare earth"}, {"start": "00:17:00", "end": "00:17:04", "text": "crisis where geopolitical export"}, {"start": "00:17:02", "end": "00:17:07", "text": "restrictions caused critical"}, {"start": "00:17:04", "end": "00:17:09", "text": "manufacturing inputs to spike by 2,000%."}, {"start": "00:17:07", "end": "00:17:11", "text": "However, the current crisis is occurring"}, {"start": "00:17:09", "end": "00:17:14", "text": "during an unprecedented period of"}, {"start": "00:17:11", "end": "00:17:16", "text": "capital expenditure, making the global"}, {"start": "00:17:14", "end": "00:17:18", "text": "economy significantly more sensitive to"}, {"start": "00:17:16", "end": "00:17:20", "text": "any material disruption. The current"}, {"start": "00:17:18", "end": "00:17:22", "text": "geopolitical crisis is not just"}, {"start": "00:17:20", "end": "00:17:24", "text": "threatening crude oil shipments and"}, {"start": "00:17:22", "end": "00:17:26", "text": "global shipping routes. It is actively"}, {"start": "00:17:24", "end": "00:17:28", "text": "suffocating the foundational supply"}, {"start": "00:17:26", "end": "00:17:31", "text": "chain of the next technological"}, {"start": "00:17:28", "end": "00:17:33", "text": "revolution. The legacy financial system"}, {"start": "00:17:31", "end": "00:17:35", "text": "has become dangerously disconnected from"}, {"start": "00:17:33", "end": "00:17:37", "text": "the physical realities of industrial"}, {"start": "00:17:35", "end": "00:17:39", "text": "manufacturing. We have priced artificial"}, {"start": "00:17:37", "end": "00:17:41", "text": "intelligence as if it exists purely on"}, {"start": "00:17:39", "end": "00:17:43", "text": "the digital cloud, forgetting that every"}, {"start": "00:17:41", "end": "00:17:46", "text": "single algorithm requires a physical"}, {"start": "00:17:43", "end": "00:17:49", "text": "microchip to function. Furthermore,"}, {"start": "00:17:46", "end": "00:17:51", "text": "every single microchip requires a finite"}, {"start": "00:17:49", "end": "00:17:53", "text": "non-renewable element that must be"}, {"start": "00:17:51", "end": "00:17:56", "text": "extracted from the earth and transported"}, {"start": "00:17:53", "end": "00:17:57", "text": "across vulnerable maritime choke points."}, {"start": "00:17:56", "end": "00:18:00", "text": "When onethird of the world's traded"}, {"start": "00:17:57", "end": "00:18:02", "text": "helium supply vanishes from the market,"}, {"start": "00:18:00", "end": "00:18:04", "text": "the speculative technology bubble faces"}, {"start": "00:18:02", "end": "00:18:06", "text": "a mathematical reality check that no"}, {"start": "00:18:04", "end": "00:18:08", "text": "amount of venture capital can solve."}, {"start": "00:18:06", "end": "00:18:11", "text": "Will the global semiconductor industry"}, {"start": "00:18:08", "end": "00:18:13", "text": "find a miraculous way to engineer around"}, {"start": "00:18:11", "end": "00:18:15", "text": "this massive physical deficit? or is the"}, {"start": "00:18:13", "end": "00:18:18", "text": "artificial intelligence hardware boom"}, {"start": "00:18:15", "end": "00:18:20", "text": "about to hit an unbreakable brick wall?"}, {"start": "00:18:18", "end": "00:18:22", "text": "Let me know your thoughts on this hidden"}, {"start": "00:18:20", "end": "00:18:24", "text": "supply chain crisis in the comment"}, {"start": "00:18:22", "end": "00:18:26", "text": "section down below. And if you want to"}, {"start": "00:18:24", "end": "00:18:28", "text": "understand the massive power grid"}, {"start": "00:18:26", "end": "00:18:30", "text": "infrastructure required to keep these AI"}, {"start": "00:18:28", "end": "00:18:32", "text": "data centers running, well, you should"}, {"start": "00:18:30", "end": "00:18:34", "text": "check out our video dedicated to that"}, {"start": "00:18:32", "end": "00:18:36", "text": "right over here. Thank you all so much"}, {"start": "00:18:34", "end": "00:18:41", "text": "for watching and I'll see you again very"}, {"start": "00:18:36", "end": "00:18:41", "text": "soon. This is Lewis signing off."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "We are repeatedly told that the current"}, {"start": "00:00:02", "end": "00:00:07", "text": "energy crisis will primarily impact the"}, {"start": "00:00:04", "end": "00:00:08", "text": "cost of our daily commute and perhaps"}, {"start": "00:00:07", "end": "00:00:11", "text": "the price of shipping consumer"}, {"start": "00:00:08", "end": "00:00:13", "text": "electronics. Elevated oil prices are"}, {"start": "00:00:11", "end": "00:00:15", "text": "seen by many as a temporary"}, {"start": "00:00:13", "end": "00:00:17", "text": "macroeconomic inconvenience that the"}, {"start": "00:00:15", "end": "00:00:21", "text": "western middle class simply has to"}, {"start": "00:00:17", "end": "00:00:22", "text": "endure for a few turbulent months. But a"}, {"start": "00:00:21", "end": "00:00:24", "text": "much darker reality is currently"}, {"start": "00:00:22", "end": "00:00:26", "text": "unfolding in the developing world. The"}, {"start": "00:00:24", "end": "00:00:29", "text": "foundational layer of the global food"}, {"start": "00:00:26", "end": "00:00:31", "text": "system is physically shutting down"}, {"start": "00:00:29", "end": "00:00:34", "text": "because it can no longer afford the fuel"}, {"start": "00:00:31", "end": "00:00:36", "text": "required to operate. Today we reveal why"}, {"start": "00:00:34", "end": "00:00:38", "text": "a catastrophic diesel shock is about to"}, {"start": "00:00:36", "end": "00:00:40", "text": "empty the seafood aisles in your local"}, {"start": "00:00:38", "end": "00:00:43", "text": "grocery store. My name is Louis and"}, {"start": "00:00:40", "end": "00:00:45", "text": "you're watching the Coin Bureau. The"}, {"start": "00:00:43", "end": "00:00:48", "text": "modern global food system is a highly"}, {"start": "00:00:45", "end": "00:00:50", "text": "optimized industrial machine that is"}, {"start": "00:00:48", "end": "00:00:53", "text": "entirely dependent on cheap and abundant"}, {"start": "00:00:50", "end": "00:00:55", "text": "fossil fuels. While macro analysts"}, {"start": "00:00:53", "end": "00:00:57", "text": "frequently discuss the natural gas"}, {"start": "00:00:55", "end": "00:01:00", "text": "required to produce synthetic"}, {"start": "00:00:57", "end": "00:01:03", "text": "fertilizer, they almost never discuss"}, {"start": "00:01:00", "end": "00:01:05", "text": "the millions of gallons of marine diesel"}, {"start": "00:01:03", "end": "00:01:08", "text": "required to harvest the world's oceans."}, {"start": "00:01:05", "end": "00:01:10", "text": "Commercial fishing is undeniably one of"}, {"start": "00:01:08", "end": "00:01:12", "text": "the world's most energyintensive methods"}, {"start": "00:01:10", "end": "00:01:15", "text": "of food production. Global fishing"}, {"start": "00:01:12", "end": "00:01:18", "text": "fleets consume approximately 50 billion"}, {"start": "00:01:15", "end": "00:01:20", "text": "L of diesel fuel annually, representing"}, {"start": "00:01:18", "end": "00:01:23", "text": "a massive and largely hidden energy"}, {"start": "00:01:20", "end": "00:01:25", "text": "dependency embedded directly into our"}, {"start": "00:01:23", "end": "00:01:28", "text": "protein supply. Fossil fuels"}, {"start": "00:01:25", "end": "00:01:31", "text": "historically account for roughly 20% to"}, {"start": "00:01:28", "end": "00:01:33", "text": "50% of the total operating costs in"}, {"start": "00:01:31", "end": "00:01:35", "text": "industrial fishing operations, making"}, {"start": "00:01:33", "end": "00:01:37", "text": "these massive maritime fleets"}, {"start": "00:01:35", "end": "00:01:39", "text": "extraordinarily vulnerable to sudden"}, {"start": "00:01:37", "end": "00:01:42", "text": "commodity price shocks. We saw this"}, {"start": "00:01:39", "end": "00:01:45", "text": "exact dynamic play out during the 2008"}, {"start": "00:01:42", "end": "00:01:47", "text": "oil spike when fuel costs for fishing"}, {"start": "00:01:45", "end": "00:01:49", "text": "fleets surged to consume half of their"}, {"start": "00:01:47", "end": "00:01:52", "text": "total revenues, triggering massive"}, {"start": "00:01:49", "end": "00:01:54", "text": "global food inflation. And right now, we"}, {"start": "00:01:52", "end": "00:01:57", "text": "are witnessing the exact breaking point"}, {"start": "00:01:54", "end": "00:02:00", "text": "of this incredibly fragile system play"}, {"start": "00:01:57", "end": "00:02:02", "text": "out in real time across Southeast Asia."}, {"start": "00:02:00", "end": "00:02:05", "text": "And to understand why this is the case,"}, {"start": "00:02:02", "end": "00:02:07", "text": "we need to look at the exact mechanics"}, {"start": "00:02:05", "end": "00:02:09", "text": "of commercial fishing. You see,"}, {"start": "00:02:07", "end": "00:02:12", "text": "industrial vessels do not simply sail to"}, {"start": "00:02:09", "end": "00:02:14", "text": "a location, turn off their engines, drop"}, {"start": "00:02:12", "end": "00:02:17", "text": "a line in the water, and wait for a"}, {"start": "00:02:14", "end": "00:02:19", "text": "bite. They carry three simultaneous and"}, {"start": "00:02:17", "end": "00:02:22", "text": "unavoidable energy demands that chug"}, {"start": "00:02:19", "end": "00:02:25", "text": "through massive volumes of fuel 24 hours"}, {"start": "00:02:22", "end": "00:02:27", "text": "a day. First is propulsion, which"}, {"start": "00:02:25", "end": "00:02:31", "text": "requires running big diesel engines at"}, {"start": "00:02:27", "end": "00:02:33", "text": "80% load for extended periods just to"}, {"start": "00:02:31", "end": "00:02:35", "text": "maintain tension against the incredible"}, {"start": "00:02:33", "end": "00:02:38", "text": "resistance of heavy trler gear dragging"}, {"start": "00:02:35", "end": "00:02:40", "text": "through the ocean currents. Second is"}, {"start": "00:02:38", "end": "00:02:43", "text": "the operation of industrial winches,"}, {"start": "00:02:40", "end": "00:02:45", "text": "which are hydraulic systems that draw"}, {"start": "00:02:43", "end": "00:02:47", "text": "heavily on the vessel's power during the"}, {"start": "00:02:45", "end": "00:02:50", "text": "continuous setting and hauling of"}, {"start": "00:02:47", "end": "00:02:52", "text": "enormous commercial nets. And third is"}, {"start": "00:02:50", "end": "00:02:54", "text": "the need for continuous industrialcale"}, {"start": "00:02:52", "end": "00:02:56", "text": "refrigeration, frequently using"}, {"start": "00:02:54", "end": "00:02:58", "text": "incredibly power- hungry refrigerated"}, {"start": "00:02:56", "end": "00:03:00", "text": "seawater systems. Because fish spoil"}, {"start": "00:02:58", "end": "00:03:02", "text": "incredibly rapidly, these industrial"}, {"start": "00:03:00", "end": "00:03:04", "text": "refrigeration units must run"}, {"start": "00:03:02", "end": "00:03:07", "text": "continuously regardless of whether the"}, {"start": "00:03:04", "end": "00:03:09", "text": "vessel is actively fishing, steaming to"}, {"start": "00:03:07", "end": "00:03:12", "text": "new grounds, or simply riding out a"}, {"start": "00:03:09", "end": "00:03:14", "text": "dangerous storm. Put simply, the engine"}, {"start": "00:03:12", "end": "00:03:16", "text": "room of a commercial twler is never"}, {"start": "00:03:14", "end": "00:03:18", "text": "fully at rest. According to"}, {"start": "00:03:16", "end": "00:03:21", "text": "comprehensive academic studies, the"}, {"start": "00:03:18", "end": "00:03:25", "text": "global median fuel use intensity for"}, {"start": "00:03:21", "end": "00:03:28", "text": "commercial fisheries is 639 L of fuel"}, {"start": "00:03:25", "end": "00:03:30", "text": "for every single ton of landed fish. For"}, {"start": "00:03:28", "end": "00:03:32", "text": "crustation harvesting like industrial"}, {"start": "00:03:30", "end": "00:03:35", "text": "shrimp trollling, that number can easily"}, {"start": "00:03:32", "end": "00:03:37", "text": "exceed 10,000 L of marine diesel per ton"}, {"start": "00:03:35", "end": "00:03:39", "text": "of catch, making it one of the most"}, {"start": "00:03:37", "end": "00:03:42", "text": "energy inefficient food production"}, {"start": "00:03:39", "end": "00:03:44", "text": "methods in existence. This means that"}, {"start": "00:03:42", "end": "00:03:46", "text": "when the price of crude oil spikes, the"}, {"start": "00:03:44", "end": "00:03:49", "text": "operating margins of these fleets"}, {"start": "00:03:46", "end": "00:03:51", "text": "evaporate almost instantly. And because"}, {"start": "00:03:49", "end": "00:03:54", "text": "fishermen sell their catch to dynamic"}, {"start": "00:03:51", "end": "00:03:56", "text": "doside auctions, they cannot simply"}, {"start": "00:03:54", "end": "00:03:58", "text": "raise their prices to offset their"}, {"start": "00:03:56", "end": "00:04:01", "text": "exploding fuel costs. The market pays"}, {"start": "00:03:58", "end": "00:04:03", "text": "what it pays and the fishermen have to"}, {"start": "00:04:01", "end": "00:04:06", "text": "accept those prices. Which brings us"}, {"start": "00:04:03", "end": "00:04:08", "text": "directly to the catastrophic situation"}, {"start": "00:04:06", "end": "00:04:10", "text": "currently paralyzing Thailand. Following"}, {"start": "00:04:08", "end": "00:04:13", "text": "the severe disruption of the straight of"}, {"start": "00:04:10", "end": "00:04:15", "text": "Hormuz since March, global maritime fuel"}, {"start": "00:04:13", "end": "00:04:17", "text": "prices have essentially gone parabolic."}, {"start": "00:04:15", "end": "00:04:19", "text": "This triggered a massive derivative"}, {"start": "00:04:17", "end": "00:04:22", "text": "shock in refined middle distillates like"}, {"start": "00:04:19", "end": "00:04:25", "text": "marine diesel. In Thailand, the retail"}, {"start": "00:04:22", "end": "00:04:27", "text": "price of diesel exploded from a heavily"}, {"start": "00:04:25", "end": "00:04:32", "text": "subsidized baseline to a record-breaking"}, {"start": "00:04:27", "end": "00:04:35", "text": "50.54 bot, which is $156"}, {"start": "00:04:32", "end": "00:04:37", "text": "per liter in early April. Even the"}, {"start": "00:04:35", "end": "00:04:40", "text": "taxexempt green oil specifically"}, {"start": "00:04:37", "end": "00:04:44", "text": "allocated for commercial fishers surged"}, {"start": "00:04:40", "end": "00:04:46", "text": "past 35 bot or $18 per liter, completely"}, {"start": "00:04:44", "end": "00:04:48", "text": "destroying the industry's economic"}, {"start": "00:04:46", "end": "00:04:51", "text": "viability. The Thai National Fisheries"}, {"start": "00:04:48", "end": "00:04:53", "text": "Association has explicitly stated that"}, {"start": "00:04:51", "end": "00:04:56", "text": "the absolute maximum fuel price that the"}, {"start": "00:04:53", "end": "00:04:59", "text": "industry can sustain to break even is"}, {"start": "00:04:56", "end": "00:05:02", "text": "roughly 33 bot per liter. This means"}, {"start": "00:04:59", "end": "00:05:04", "text": "that every single vessel leaving a Thai"}, {"start": "00:05:02", "end": "00:05:06", "text": "port right now is purchasing fuel at a"}, {"start": "00:05:04", "end": "00:05:09", "text": "massive premium above their absolute"}, {"start": "00:05:06", "end": "00:05:12", "text": "survival threshold. A standard Thai"}, {"start": "00:05:09", "end": "00:05:14", "text": "twler requires up to 1,000 L of diesel"}, {"start": "00:05:12", "end": "00:05:17", "text": "just to complete one trip. Meaning"}, {"start": "00:05:14", "end": "00:05:19", "text": "captains are burning upwards of $1,500"}, {"start": "00:05:17", "end": "00:05:21", "text": "in fuel before they even generate a"}, {"start": "00:05:19", "end": "00:05:23", "text": "single dollar of revenue. And as a"}, {"start": "00:05:21", "end": "00:05:26", "text": "direct consequence of this brutal"}, {"start": "00:05:23", "end": "00:05:28", "text": "arithmetic, a silent industrial scale"}, {"start": "00:05:26", "end": "00:05:31", "text": "shutdown is sweeping across the country."}, {"start": "00:05:28", "end": "00:05:34", "text": "As of early April 2026, approximately"}, {"start": "00:05:31", "end": "00:05:36", "text": "50% of the entire Thai fishing fleet is"}, {"start": "00:05:34", "end": "00:05:38", "text": "indefinitely docked. That represents"}, {"start": "00:05:36", "end": "00:05:41", "text": "thousands of commercial vessels tied to"}, {"start": "00:05:38", "end": "00:05:44", "text": "peers in critical processing hubs like"}, {"start": "00:05:41", "end": "00:05:47", "text": "Simu Sakhan, completely paralyzed by the"}, {"start": "00:05:44", "end": "00:05:49", "text": "exorbitant cost of energy. Industry"}, {"start": "00:05:47", "end": "00:05:52", "text": "officials are actively projecting that"}, {"start": "00:05:49", "end": "00:05:54", "text": "after the midappril scrron festival up"}, {"start": "00:05:52", "end": "00:05:56", "text": "to 70% of the fleet will be grounded"}, {"start": "00:05:54", "end": "00:05:59", "text": "with potentially only 10% remaining"}, {"start": "00:05:56", "end": "00:06:02", "text": "operational by the end of the month. The"}, {"start": "00:05:59", "end": "00:06:04", "text": "president of the Simud Sakhan Fishmonger"}, {"start": "00:06:02", "end": "00:06:06", "text": "Association recently warned that this"}, {"start": "00:06:04", "end": "00:06:09", "text": "fuel crisis is actually more crippling"}, {"start": "00:06:06", "end": "00:06:12", "text": "to the sector than the CO9 pandemic. And"}, {"start": "00:06:09", "end": "00:06:14", "text": "because Thailand's state oil fuel fund"}, {"start": "00:06:12", "end": "00:06:16", "text": "has already accumulated a devastating"}, {"start": "00:06:14", "end": "00:06:18", "text": "deficit of roughly $1.5 billion while"}, {"start": "00:06:16", "end": "00:06:21", "text": "trying to artificially suppress these"}, {"start": "00:06:18", "end": "00:06:23", "text": "prices, the government has absolutely no"}, {"start": "00:06:21", "end": "00:06:26", "text": "financial buffer left to save the fleet."}, {"start": "00:06:23", "end": "00:06:27", "text": "The desperation has reached such extreme"}, {"start": "00:06:26", "end": "00:06:28", "text": "levels that the Thai government is"}, {"start": "00:06:27", "end": "00:06:31", "text": "currently investigating the"}, {"start": "00:06:28", "end": "00:06:33", "text": "disappearance of 57 million L of fuel"}, {"start": "00:06:31", "end": "00:06:36", "text": "from storage sites, indicating massive"}, {"start": "00:06:33", "end": "00:06:38", "text": "hoarding and smuggling operations. But"}, {"start": "00:06:36", "end": "00:06:40", "text": "this crisis is not isolated to the"}, {"start": "00:06:38", "end": "00:06:42", "text": "developing world as we are seeing"}, {"start": "00:06:40", "end": "00:06:44", "text": "similar paralysis in wealthy western"}, {"start": "00:06:42", "end": "00:06:46", "text": "nations with roughly half of the highly"}, {"start": "00:06:44", "end": "00:06:49", "text": "advanced Dutch fishing fleet currently"}, {"start": "00:06:46", "end": "00:06:51", "text": "sitting idle for the exact same economic"}, {"start": "00:06:49", "end": "00:06:53", "text": "reasons. The total paralysis of one of"}, {"start": "00:06:51", "end": "00:06:55", "text": "the world's most important maritime"}, {"start": "00:06:53", "end": "00:06:58", "text": "fleets is exactly the kind of critical"}, {"start": "00:06:55", "end": "00:07:00", "text": "macroeconomic shift that traditional"}, {"start": "00:06:58", "end": "00:07:03", "text": "financial media completely ignores until"}, {"start": "00:07:00", "end": "00:07:05", "text": "it is far too late. And staying ahead of"}, {"start": "00:07:03", "end": "00:07:07", "text": "these hidden supply chain failures"}, {"start": "00:07:05", "end": "00:07:09", "text": "before they trigger massive consumer"}, {"start": "00:07:07", "end": "00:07:11", "text": "inflation is exactly why you need the"}, {"start": "00:07:09", "end": "00:07:13", "text": "Coin Bureau weekly newsletter. That is"}, {"start": "00:07:11", "end": "00:07:15", "text": "where we share the latest breaking news,"}, {"start": "00:07:13", "end": "00:07:17", "text": "provide deep dive alpha, and give you"}, {"start": "00:07:15", "end": "00:07:19", "text": "the most important market updates. All"}, {"start": "00:07:17", "end": "00:07:22", "text": "pinged directly to your inbox so that"}, {"start": "00:07:19", "end": "00:07:24", "text": "you never miss a beat. Whether it is a"}, {"start": "00:07:22", "end": "00:07:26", "text": "localized industrial shutdown in"}, {"start": "00:07:24", "end": "00:07:28", "text": "Southeast Asia or a massive shift in"}, {"start": "00:07:26", "end": "00:07:30", "text": "central bank monetary policy, our"}, {"start": "00:07:28", "end": "00:07:33", "text": "readers are always the first to receive"}, {"start": "00:07:30", "end": "00:07:35", "text": "the actual data. So, sign up today using"}, {"start": "00:07:33", "end": "00:07:37", "text": "the link down below or by scanning the"}, {"start": "00:07:35", "end": "00:07:39", "text": "QR code on the screen. Now, you might be"}, {"start": "00:07:37", "end": "00:07:41", "text": "thinking that a localized shutdown of"}, {"start": "00:07:39", "end": "00:07:43", "text": "fishing boats in Southeast Asia doesn't"}, {"start": "00:07:41", "end": "00:07:45", "text": "really affect your grocery bill. After"}, {"start": "00:07:43", "end": "00:07:47", "text": "all, if wild caught seafood becomes too"}, {"start": "00:07:45", "end": "00:07:50", "text": "expensive, consumers can simply pivot to"}, {"start": "00:07:47", "end": "00:07:52", "text": "cheaper proteins like farmed salmon or"}, {"start": "00:07:50", "end": "00:07:54", "text": "industrially raised chicken. But that"}, {"start": "00:07:52", "end": "00:07:57", "text": "optimistic assumption completely ignores"}, {"start": "00:07:54", "end": "00:07:58", "text": "the highly interconnected and incredibly"}, {"start": "00:07:57", "end": "00:08:01", "text": "fragile nature of the global"}, {"start": "00:07:58", "end": "00:08:04", "text": "agricultural web. Thailand is not just a"}, {"start": "00:08:01", "end": "00:08:06", "text": "regional fishing power. It is a critical"}, {"start": "00:08:04", "end": "00:08:08", "text": "global processing nexus that operates at"}, {"start": "00:08:06", "end": "00:08:11", "text": "the very base layer of the world's"}, {"start": "00:08:08", "end": "00:08:14", "text": "protein supply. Every year, massive"}, {"start": "00:08:11", "end": "00:08:16", "text": "fleets harvest small oily forage fish"}, {"start": "00:08:14", "end": "00:08:19", "text": "that are ground down into a highly"}, {"start": "00:08:16", "end": "00:08:21", "text": "concentrated protein powder known as"}, {"start": "00:08:19", "end": "00:08:25", "text": "fish meal. Boasting a remarkable protein"}, {"start": "00:08:21", "end": "00:08:27", "text": "content of roughly 65%, fish meal is the"}, {"start": "00:08:25", "end": "00:08:30", "text": "absolute highest density, most"}, {"start": "00:08:27", "end": "00:08:32", "text": "digestible animal feed ingredient"}, {"start": "00:08:30", "end": "00:08:34", "text": "available at commercial scale. The"}, {"start": "00:08:32", "end": "00:08:37", "text": "global agricultural industry consumes a"}, {"start": "00:08:34", "end": "00:08:39", "text": "staggering 87% of all fish meal produced"}, {"start": "00:08:37", "end": "00:08:42", "text": "worldwide, making it the foundational"}, {"start": "00:08:39", "end": "00:08:44", "text": "calorie source for farmed salmon and"}, {"start": "00:08:42", "end": "00:08:46", "text": "farmed shrimp. Furthermore, roughly 12%"}, {"start": "00:08:44", "end": "00:08:49", "text": "of the global fish meal supply is"}, {"start": "00:08:46", "end": "00:08:51", "text": "blended into commercial poultry feed as"}, {"start": "00:08:49", "end": "00:08:54", "text": "a premium protein supplement to"}, {"start": "00:08:51", "end": "00:08:56", "text": "dramatically boost growth rates and feed"}, {"start": "00:08:54", "end": "00:08:59", "text": "conversion efficiency. But when the Thai"}, {"start": "00:08:56", "end": "00:09:01", "text": "fleets remain tied to the docks, the"}, {"start": "00:08:59", "end": "00:09:04", "text": "supply of this base level protein"}, {"start": "00:09:01", "end": "00:09:06", "text": "completely collapses, creating a massive"}, {"start": "00:09:04", "end": "00:09:08", "text": "supply shock that ripples upward through"}, {"start": "00:09:06", "end": "00:09:10", "text": "every single level of the global food"}, {"start": "00:09:08", "end": "00:09:13", "text": "chain. We've already seen crisis period"}, {"start": "00:09:10", "end": "00:09:16", "text": "prices for fish meal explode to $1,800"}, {"start": "00:09:13", "end": "00:09:18", "text": "per ton, representing a multiple of"}, {"start": "00:09:16", "end": "00:09:20", "text": "three to four times their historical"}, {"start": "00:09:18", "end": "00:09:22", "text": "average. And when poultry and"}, {"start": "00:09:20", "end": "00:09:24", "text": "agricultural producers can no longer"}, {"start": "00:09:22", "end": "00:09:27", "text": "afford fish meal, they are forced to"}, {"start": "00:09:24", "end": "00:09:29", "text": "scramble for plant-based alternatives"}, {"start": "00:09:27", "end": "00:09:32", "text": "like soybean meal. But soybean meal"}, {"start": "00:09:29", "end": "00:09:34", "text": "lacks the complete amino acid profile of"}, {"start": "00:09:32", "end": "00:09:37", "text": "marine proteins, meaning that farmers"}, {"start": "00:09:34", "end": "00:09:40", "text": "have to use significantly more feed to"}, {"start": "00:09:37", "end": "00:09:41", "text": "achieve the exact same animal growth."}, {"start": "00:09:40", "end": "00:09:43", "text": "This desperate substitution"}, {"start": "00:09:41", "end": "00:09:46", "text": "simultaneously bids up the price of"}, {"start": "00:09:43", "end": "00:09:48", "text": "global soybean commodities, creating a"}, {"start": "00:09:46", "end": "00:09:50", "text": "compounding inflation trap across"}, {"start": "00:09:48", "end": "00:09:53", "text": "multiple agricultural sectors. The cost"}, {"start": "00:09:50", "end": "00:09:55", "text": "of raising a chicken rises from two"}, {"start": "00:09:53", "end": "00:09:58", "text": "directions at once. Either the premium"}, {"start": "00:09:55", "end": "00:09:59", "text": "feed itself is unaffordable or the"}, {"start": "00:09:58", "end": "00:10:01", "text": "farmer is forced to buy massive"}, {"start": "00:09:59", "end": "00:10:04", "text": "quantities of an inefficient substitute."}, {"start": "00:10:01", "end": "00:10:06", "text": "This means that someone who never eats a"}, {"start": "00:10:04", "end": "00:10:08", "text": "single piece of seafood will still watch"}, {"start": "00:10:06", "end": "00:10:11", "text": "the price of their chicken and eggs"}, {"start": "00:10:08", "end": "00:10:13", "text": "skyrocket. simply because a Thai twler"}, {"start": "00:10:11", "end": "00:10:15", "text": "could not afford to buy marine diesel."}, {"start": "00:10:13", "end": "00:10:17", "text": "And that's just the indirect"}, {"start": "00:10:15", "end": "00:10:19", "text": "agricultural impacts of this fleet"}, {"start": "00:10:17", "end": "00:10:21", "text": "paralysis. The direct impact on"}, {"start": "00:10:19", "end": "00:10:23", "text": "processed consumer goods is arguably"}, {"start": "00:10:21", "end": "00:10:25", "text": "even more severe, particularly for"}, {"start": "00:10:23", "end": "00:10:28", "text": "Western nations that rely heavily on"}, {"start": "00:10:25", "end": "00:10:30", "text": "imported calories. Thailand is currently"}, {"start": "00:10:28", "end": "00:10:32", "text": "the world's largest exporter of canned"}, {"start": "00:10:30", "end": "00:10:35", "text": "tuna by both volume and value,"}, {"start": "00:10:32", "end": "00:10:38", "text": "controlling between 30% and 40% of the"}, {"start": "00:10:35", "end": "00:10:41", "text": "entire global supply. In 2024 alone,"}, {"start": "00:10:38", "end": "00:10:44", "text": "they exported nearly 550,000"}, {"start": "00:10:41", "end": "00:10:46", "text": "tons of prepared tuna, generating"}, {"start": "00:10:44", "end": "00:10:47", "text": "billions of dollars in revenue while"}, {"start": "00:10:46", "end": "00:10:50", "text": "supplying massive quantities of"}, {"start": "00:10:47", "end": "00:10:52", "text": "affordable protein to the United States"}, {"start": "00:10:50", "end": "00:10:54", "text": "and Europe. In fact, Thailand accounts"}, {"start": "00:10:52", "end": "00:10:56", "text": "for nearly half of all the canned tuna"}, {"start": "00:10:54", "end": "00:10:59", "text": "imported into the United States, making"}, {"start": "00:10:56", "end": "00:11:01", "text": "it a systematically critical node in the"}, {"start": "00:10:59", "end": "00:11:03", "text": "American food supply. Major corporate"}, {"start": "00:11:01", "end": "00:11:06", "text": "processors in Thailand import frozen"}, {"start": "00:11:03", "end": "00:11:08", "text": "tuna loins from across the Indo-Pacific,"}, {"start": "00:11:06", "end": "00:11:10", "text": "converting them into finished consumer"}, {"start": "00:11:08", "end": "00:11:14", "text": "goods that line Western supermarket"}, {"start": "00:11:10", "end": "00:11:16", "text": "shelves. But these processing plants are"}, {"start": "00:11:14", "end": "00:11:19", "text": "incredibly energyintensive, meaning the"}, {"start": "00:11:16", "end": "00:11:21", "text": "onshore cold storage and packing lines"}, {"start": "00:11:19", "end": "00:11:24", "text": "are facing the exact same devastating"}, {"start": "00:11:21", "end": "00:11:26", "text": "energy cost crisis as the ships at sea."}, {"start": "00:11:24", "end": "00:11:28", "text": "No other single nation possesses the"}, {"start": "00:11:26", "end": "00:11:30", "text": "advanced processing infrastructure"}, {"start": "00:11:28", "end": "00:11:32", "text": "required to absorb this massive supply"}, {"start": "00:11:30", "end": "00:11:35", "text": "gap if the Thai processing industry"}, {"start": "00:11:32", "end": "00:11:38", "text": "grinds to a halt. Which brings us to the"}, {"start": "00:11:35", "end": "00:11:40", "text": "terrifying macroeconomic transmission of"}, {"start": "00:11:38", "end": "00:11:43", "text": "this event and why it is guaranteed to"}, {"start": "00:11:40", "end": "00:11:46", "text": "hit the western consumer. The journey"}, {"start": "00:11:43", "end": "00:11:48", "text": "from the trwers refrigerated hold to a"}, {"start": "00:11:46", "end": "00:11:51", "text": "retail grocery shelf involves multiple"}, {"start": "00:11:48", "end": "00:11:53", "text": "layers of compounding logistical costs."}, {"start": "00:11:51", "end": "00:11:55", "text": "Every single stage of the supply chain"}, {"start": "00:11:53", "end": "00:11:58", "text": "from the processing plant to the"}, {"start": "00:11:55", "end": "00:12:01", "text": "refrigerated distributor to the retail"}, {"start": "00:11:58", "end": "00:12:04", "text": "supermarket adds a percentage margin on"}, {"start": "00:12:01", "end": "00:12:06", "text": "top of its input cost. This creates a"}, {"start": "00:12:04", "end": "00:12:08", "text": "brutal markup amplification dynamic"}, {"start": "00:12:06", "end": "00:12:10", "text": "where a fixed dollar increase at the"}, {"start": "00:12:08", "end": "00:12:12", "text": "dock side becomes a proportionally"}, {"start": "00:12:10", "end": "00:12:15", "text": "massive price hike by the time that it"}, {"start": "00:12:12", "end": "00:12:16", "text": "reaches the final consumer. Furthermore,"}, {"start": "00:12:15", "end": "00:12:19", "text": "the global shipping industry is"}, {"start": "00:12:16", "end": "00:12:21", "text": "simultaneously experiencing its own fuel"}, {"start": "00:12:19", "end": "00:12:24", "text": "shock with container shipping proxies"}, {"start": "00:12:21", "end": "00:12:27", "text": "like Zim integrated shipping surging"}, {"start": "00:12:24", "end": "00:12:29", "text": "over 90% in just 6 months. Major"}, {"start": "00:12:27", "end": "00:12:31", "text": "logistic companies are already"}, {"start": "00:12:29", "end": "00:12:35", "text": "implementing emergency sir charges with"}, {"start": "00:12:31", "end": "00:12:38", "text": "CMA CGM adding $3,000 per container on"}, {"start": "00:12:35", "end": "00:12:41", "text": "specific routes just to cover their"}, {"start": "00:12:38", "end": "00:12:44", "text": "exploding bunker fuel costs. So when you"}, {"start": "00:12:41", "end": "00:12:46", "text": "combine record high doside fish prices"}, {"start": "00:12:44", "end": "00:12:48", "text": "with exploding maritime freight rates,"}, {"start": "00:12:46", "end": "00:12:51", "text": "the landed cost of imported seafood"}, {"start": "00:12:48", "end": "00:12:53", "text": "becomes completely unmanageable."}, {"start": "00:12:51", "end": "00:12:55", "text": "Economists consistently note that the"}, {"start": "00:12:53", "end": "00:12:58", "text": "transmission from a sustained docside"}, {"start": "00:12:55", "end": "00:13:00", "text": "price shock to measurable grocery shelf"}, {"start": "00:12:58", "end": "00:13:03", "text": "inflation typically takes anywhere from"}, {"start": "00:13:00", "end": "00:13:06", "text": "3 to 6 months. This delay is driven by"}, {"start": "00:13:03", "end": "00:13:08", "text": "retail inventory drawdowns and forward"}, {"start": "00:13:06", "end": "00:13:11", "text": "purchasing contracts that temporarily"}, {"start": "00:13:08", "end": "00:13:12", "text": "mask the underlying physical shortage"}, {"start": "00:13:11", "end": "00:13:15", "text": "from the general public. But for"}, {"start": "00:13:12", "end": "00:13:17", "text": "industries with rapid production cycles"}, {"start": "00:13:15", "end": "00:13:20", "text": "like the 6 week lifespan of commercial"}, {"start": "00:13:17", "end": "00:13:23", "text": "boiler chicken, this inflationary wave"}, {"start": "00:13:20", "end": "00:13:25", "text": "moves incredibly fast. Conversely,"}, {"start": "00:13:23", "end": "00:13:27", "text": "farmed salmon takes roughly 3 years to"}, {"start": "00:13:25", "end": "00:13:30", "text": "reach market weight, meaning the"}, {"start": "00:13:27", "end": "00:13:32", "text": "exorbitant feed costs being locked in"}, {"start": "00:13:30", "end": "00:13:35", "text": "today will continue to drive retail"}, {"start": "00:13:32", "end": "00:13:37", "text": "inflation well into 2029. The huge cost"}, {"start": "00:13:35", "end": "00:13:39", "text": "increases occurring at the factory and"}, {"start": "00:13:37", "end": "00:13:42", "text": "fleet level today will fully hit"}, {"start": "00:13:39", "end": "00:13:44", "text": "supermarket shelves by mid to late 2026."}, {"start": "00:13:42", "end": "00:13:46", "text": "The Food and Agricultural Organization's"}, {"start": "00:13:44", "end": "00:13:49", "text": "Food Price Index has already begun to"}, {"start": "00:13:46", "end": "00:13:52", "text": "surge, reaching its highest level since"}, {"start": "00:13:49", "end": "00:13:54", "text": "September 2025. Meanwhile, the UK Food"}, {"start": "00:13:52", "end": "00:13:57", "text": "and Drink Federation recently revised"}, {"start": "00:13:54", "end": "00:14:02", "text": "its 2026 food inflation forecast from a"}, {"start": "00:13:57", "end": "00:14:04", "text": "modest 3.2% to a devastating 9 to 10%."}, {"start": "00:14:02", "end": "00:14:06", "text": "We are witnessing the early stages of a"}, {"start": "00:14:04", "end": "00:14:09", "text": "structural food crisis that begins in"}, {"start": "00:14:06", "end": "00:14:11", "text": "the developing world but ends directly"}, {"start": "00:14:09", "end": "00:14:12", "text": "at your dinner table. And the most"}, {"start": "00:14:11", "end": "00:14:14", "text": "alarming aspect of this impending"}, {"start": "00:14:12", "end": "00:14:17", "text": "grocery store shock is that global"}, {"start": "00:14:14", "end": "00:14:19", "text": "central banks are completely and utterly"}, {"start": "00:14:17", "end": "00:14:21", "text": "powerless to stop it. Institutions like"}, {"start": "00:14:19", "end": "00:14:23", "text": "the Federal Reserve use interest rate"}, {"start": "00:14:21", "end": "00:14:25", "text": "hikes to suppress consumer demand and"}, {"start": "00:14:23", "end": "00:14:27", "text": "cool down an overheating economy. But"}, {"start": "00:14:25", "end": "00:14:29", "text": "the crisis paralyzing the Thai fishing"}, {"start": "00:14:27", "end": "00:14:31", "text": "fleet is a purely physical supply side"}, {"start": "00:14:29", "end": "00:14:34", "text": "shock driven by the geopolitical"}, {"start": "00:14:31", "end": "00:14:37", "text": "destruction of energy infrastructure."}, {"start": "00:14:34", "end": "00:14:39", "text": "Central banks cannot print fish and they"}, {"start": "00:14:37", "end": "00:14:42", "text": "absolutely cannot subsidize the millions"}, {"start": "00:14:39", "end": "00:14:44", "text": "of gallons of diesel required to restart"}, {"start": "00:14:42", "end": "00:14:45", "text": "these fleets without triggering"}, {"start": "00:14:44", "end": "00:14:47", "text": "hyperinflation."}, {"start": "00:14:45", "end": "00:14:49", "text": "Raising the federal funds rate will not"}, {"start": "00:14:47", "end": "00:14:51", "text": "magically lower the cost of marine gas"}, {"start": "00:14:49", "end": "00:14:53", "text": "oil in Singapore, nor will it clear the"}, {"start": "00:14:51", "end": "00:14:56", "text": "blockaded shipping lanes in the Middle"}, {"start": "00:14:53", "end": "00:14:58", "text": "East. Federal Reserve Chair Jerome"}, {"start": "00:14:56", "end": "00:15:00", "text": "Powell has previously acknowledged that"}, {"start": "00:14:58", "end": "00:15:02", "text": "monetary policy tools have absolutely no"}, {"start": "00:15:00", "end": "00:15:05", "text": "meaningful effect on these specific"}, {"start": "00:15:02", "end": "00:15:07", "text": "types of physical supply shocks. So,"}, {"start": "00:15:05", "end": "00:15:10", "text": "central bankers are effectively trapped"}, {"start": "00:15:07", "end": "00:15:12", "text": "in a devastating stagflationary bind"}, {"start": "00:15:10", "end": "00:15:14", "text": "with absolutely no viable exit strategy."}, {"start": "00:15:12", "end": "00:15:16", "text": "If they aggressively raise interest"}, {"start": "00:15:14", "end": "00:15:18", "text": "rates to combat the rising prices of"}, {"start": "00:15:16", "end": "00:15:21", "text": "food, they risk crushing economic"}, {"start": "00:15:18", "end": "00:15:23", "text": "productivity and triggering a deep"}, {"start": "00:15:21", "end": "00:15:26", "text": "recession. But if they prematurely lower"}, {"start": "00:15:23", "end": "00:15:28", "text": "rates to stimulate the slowing economy,"}, {"start": "00:15:26", "end": "00:15:31", "text": "they will accelerate the debasement of"}, {"start": "00:15:28", "end": "00:15:33", "text": "the currency and drive commodity prices"}, {"start": "00:15:31", "end": "00:15:35", "text": "even higher. The University of Michigan"}, {"start": "00:15:33", "end": "00:15:37", "text": "consumer sentiment index recently"}, {"start": "00:15:35", "end": "00:15:39", "text": "plummeted to levels historically"}, {"start": "00:15:37", "end": "00:15:41", "text": "associated with an active economic"}, {"start": "00:15:39", "end": "00:15:43", "text": "recession, proving that everyday"}, {"start": "00:15:41", "end": "00:15:45", "text": "citizens are already feeling this"}, {"start": "00:15:43", "end": "00:15:48", "text": "purchasing power erosion. In short,"}, {"start": "00:15:45", "end": "00:15:51", "text": "we've built a highly optimized hyper"}, {"start": "00:15:48", "end": "00:15:53", "text": "globalized supply chain that completely"}, {"start": "00:15:51", "end": "00:15:55", "text": "ignores the physical thermodynamic"}, {"start": "00:15:53", "end": "00:15:58", "text": "reality of energy scarcity. When the"}, {"start": "00:15:55", "end": "00:16:00", "text": "cost of the hydrocarbon inputs exceeds"}, {"start": "00:15:58", "end": "00:16:03", "text": "the market value of the protein being"}, {"start": "00:16:00", "end": "00:16:06", "text": "harvested, the entire agricultural"}, {"start": "00:16:03", "end": "00:16:08", "text": "machine simply stops working. And as the"}, {"start": "00:16:06", "end": "00:16:11", "text": "United Nations World Food Program warns"}, {"start": "00:16:08", "end": "00:16:13", "text": "that this compounding crisis could push"}, {"start": "00:16:11", "end": "00:16:15", "text": "an additional 45 million people into"}, {"start": "00:16:13", "end": "00:16:18", "text": "acute hunger, the true cost of this"}, {"start": "00:16:15", "end": "00:16:20", "text": "energy shock becomes impossible to"}, {"start": "00:16:18", "end": "00:16:21", "text": "ignore. The physical reality of"}, {"start": "00:16:20", "end": "00:16:24", "text": "thousands of commercial trwers"}, {"start": "00:16:21", "end": "00:16:26", "text": "indefinitely tied to their peers proves"}, {"start": "00:16:24", "end": "00:16:28", "text": "that the foundational layer of our food"}, {"start": "00:16:26", "end": "00:16:31", "text": "system is structurally breaking under"}, {"start": "00:16:28", "end": "00:16:33", "text": "the weight of expensive diesel. When the"}, {"start": "00:16:31", "end": "00:16:35", "text": "energy required to harvest food becomes"}, {"start": "00:16:33", "end": "00:16:39", "text": "too expensive to burn, massive global"}, {"start": "00:16:35", "end": "00:16:41", "text": "protein scarcity becomes unavoidable."}, {"start": "00:16:39", "end": "00:16:44", "text": "But what's your take on this massive"}, {"start": "00:16:41", "end": "00:16:46", "text": "disruption to the maritime agricultural"}, {"start": "00:16:44", "end": "00:16:48", "text": "base? Can the global food system adapt"}, {"start": "00:16:46", "end": "00:16:51", "text": "to these structural energy shocks by"}, {"start": "00:16:48", "end": "00:16:53", "text": "finding alternative harvesting methods?"}, {"start": "00:16:51", "end": "00:16:56", "text": "Or are we facing a permanent era of"}, {"start": "00:16:53", "end": "00:16:57", "text": "extreme grocery store inflation? Let me"}, {"start": "00:16:56", "end": "00:17:00", "text": "know your thoughts in the comments down"}, {"start": "00:16:57", "end": "00:17:02", "text": "below. And if you want to understand how"}, {"start": "00:17:00", "end": "00:17:04", "text": "the exact same energy crisis is"}, {"start": "00:17:02", "end": "00:17:06", "text": "destroying the global fertilizer supply"}, {"start": "00:17:04", "end": "00:17:10", "text": "chain, you have to check out our video"}, {"start": "00:17:06", "end": "00:17:11", "text": "on 2027 food inflation right over here."}, {"start": "00:17:10", "end": "00:17:14", "text": "Thank you all so much for watching and"}, {"start": "00:17:11", "end": "00:17:17", "text": "I'll see you again very soon. This Lewis"}, {"start": "00:17:14", "end": "00:17:17", "text": "signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "For years, economists have debated whether the�\nUnited States dollar could ever truly lose its��"}, {"start": "00:00:06", "end": "00:00:10", "text": "status as the undisputed global reserve�\ncurrency. The prevailing consensus was��"}, {"start": "00:00:10", "end": "00:00:16", "text": "always that there simply wasn't a viable�\nalternative capable of absorbing massive��"}, {"start": "00:00:16", "end": "00:00:22", "text": "global trade flows. But while Western governments�\nare distracted by escalating geopolitical chaos,��"}, {"start": "00:00:22", "end": "00:00:27", "text": "an entirely new financial infrastructure has�\nofficially gone live. Now, this parallel system��"}, {"start": "00:00:27", "end": "00:00:33", "text": "completely bypasses traditional banking networks�\nand leverages the current Middle East crisis as��"}, {"start": "00:00:33", "end": "00:00:39", "text": "the ultimate catalyst for nations to abandon the�\ndollar. And as this blockchainbacked settlement��"}, {"start": "00:00:39", "end": "00:00:45", "text": "network becomes fully operational, it threatens to�\nrewrite the global monetary order forever. My name��"}, {"start": "00:00:45", "end": "00:00:52", "text": "is DC and you're watching the Coin Bureau. The�\nabsolute dominance of the United States dollar��"}, {"start": "00:00:52", "end": "00:00:57", "text": "relies heavily on the swift payment network which�\nfunctions as the central nervous system of global��"}, {"start": "00:00:57", "end": "00:01:05", "text": "trade. Now for context, the society for worldwide�\ninterbank financial telecommunication or simply��"}, {"start": "00:01:05", "end": "00:01:11", "text": "swift is a Belgium based messaging cooperative�\nthat connects over 11,500 financial institutions��"}, {"start": "00:01:11", "end": "00:01:16", "text": "across more than 200 different countries�\nand territories. It processes the secure��"}, {"start": "00:01:16", "end": "00:01:23", "text": "communication layer for roughly 5 to7 trillion in�\ntransactions every single day. And it's extremely��"}, {"start": "00:01:23", "end": "00:01:28", "text": "important to understand that this network does�\nnot actually hold or transfer any underlying funds��"}, {"start": "00:01:28", "end": "00:01:35", "text": "whatsoever. Instead, it provides the authenticated�\ninstructions that allow banks to settle payments��"}, {"start": "00:01:35", "end": "00:01:40", "text": "through complex correspondent banking chains. The�\nillusion was always that this massive cooperative��"}, {"start": "00:01:40", "end": "00:01:47", "text": "operated as a political mutual infrastructure�\nmuch like the internet's space protocols. But��"}, {"start": "00:01:47", "end": "00:01:53", "text": "the reality revealed over the past decade is�\nthat swift is an incredibly powerful political��"}, {"start": "00:01:53", "end": "00:01:58", "text": "instrument effectively controlled by the United�\nStates Treasury. Because the vast majority of��"}, {"start": "00:01:58", "end": "00:02:03", "text": "global dollar clearing flows through the clearing�\nhouse interbank payment system in New York. The��"}, {"start": "00:02:03", "end": "00:02:09", "text": "United States exercises the facto jurisdiction�\nover virtually every bank on earth. And removing��"}, {"start": "00:02:09", "end": "00:02:14", "text": "a sovereign nation from this messaging network is�\nexactly like cutting the telephone lines to a bank��"}, {"start": "00:02:14", "end": "00:02:20", "text": "vault. The money technically remains in the vault,�\nbut nobody can transmit the instructions required��"}, {"start": "00:02:20", "end": "00:02:25", "text": "to tell the bankers who actually gets paid. The�\nweaponization of this specific financial plumbing��"}, {"start": "00:02:25", "end": "00:02:32", "text": "established a worrying precedent back in 2012 when�\nIranian banks were forcefully disconnected under��"}, {"start": "00:02:32", "end": "00:02:38", "text": "Western pressure. But the absolute breaking point�\noccurred following the freezing of approximately��"}, {"start": "00:02:38", "end": "00:02:44", "text": "$300 billion in Russian central bank reserves back�\nin 2022. That unprecedented action demonstrated��"}, {"start": "00:02:44", "end": "00:02:51", "text": "to the entire global south that holding dollar�\nassets within the Swift system carried existential��"}, {"start": "00:02:51", "end": "00:02:56", "text": "counterparty risk. Every non-western central�\nbank manager immediately realized that their��"}, {"start": "00:02:56", "end": "00:03:01", "text": "dollar reserves were not truly sovereign assets,�\nbut rather conditional assets that could be frozen��"}, {"start": "00:03:01", "end": "00:03:07", "text": "by executive order. Furthermore, the true�\nenforcement mechanism of this monopoly is not��"}, {"start": "00:03:07", "end": "00:03:12", "text": "just direct disconnection from the messaging�\nnetwork itself. The United States Treasury��"}, {"start": "00:03:12", "end": "00:03:18", "text": "Office of Foreign Asset Control or OFAC wields�\nsecondary sanctions threatening to cut off any��"}, {"start": "00:03:18", "end": "00:03:26", "text": "foreign bank from dollarering access if that bank�\ntransacts with sanctioned parties. In 2025 alone,��"}, {"start": "00:03:26", "end": "00:03:30", "text": "OFAC issued hundreds of millions of dollars�\nin penalties for sanctions violations across��"}, {"start": "00:03:30", "end": "00:03:34", "text": "the global banking system. This secondary�\nthreat transforms every single financial��"}, {"start": "00:03:34", "end": "00:03:40", "text": "institution in the world into a de facto arm of�\nAmerican foreign policy enforcement. And this is��"}, {"start": "00:03:40", "end": "00:03:45", "text": "precisely why the current conflict in the Middle�\nEast has dramatically accelerated the urgency��"}, {"start": "00:03:45", "end": "00:03:51", "text": "for non-western nations to find a permanent�\nworkaround. The straight of Hormuz is currently��"}, {"start": "00:03:51", "end": "00:03:56", "text": "serving as a live laboratory for industrial�\nscale sanctions evasions and parallel financial��"}, {"start": "00:03:56", "end": "00:04:01", "text": "settlements. Under normal conditions, this narrow�\nwaterway processes roughly 20 million barrels��"}, {"start": "00:04:01", "end": "00:04:08", "text": "of crude oil and petroleum products per day,�\nrepresenting approximately 25% of global seaborn��"}, {"start": "00:04:08", "end": "00:04:15", "text": "oil trade. But following the outbreak of military�\noperations in late February 2026, daily transit��"}, {"start": "00:04:15", "end": "00:04:21", "text": "volumes collapsed from a historical average of�\nroughly 130 vessels down to fewer than six vessels��"}, {"start": "00:04:21", "end": "00:04:27", "text": "per day. According to an extensive analysis of�\nrecent passage data conducted by an FR press,��"}, {"start": "00:04:27", "end": "00:04:34", "text": "an astonishing 46% of all transits through the�\nstraight involve vessels operating under United��"}, {"start": "00:04:34", "end": "00:04:40", "text": "States, European Union or British sanctions. These�\nare not isolated incidents of rogue smuggling,��"}, {"start": "00:04:40", "end": "00:04:46", "text": "but rather a highly coordinated maritime�\nlogistical operation completely divorced from��"}, {"start": "00:04:46", "end": "00:04:52", "text": "Western oversight. The Islamic Revolutionary Guard�\nCorps has essentially established a sovereign toll��"}, {"start": "00:04:52", "end": "00:04:58", "text": "booth system for vessels navigating this critical�\nchalk point. The regional provincial command��"}, {"start": "00:04:58", "end": "00:05:04", "text": "rigorously vets commercial ships for geopolitical�\naffiliations, granting preferential clearance and��"}, {"start": "00:05:04", "end": "00:05:09", "text": "secret highfrequency radio passcodes to nations�\ndeemed friendly to their regime. On the 31st��"}, {"start": "00:05:09", "end": "00:05:15", "text": "March, the Iranian parliament formally approved�\nthe straightfor management plan, codifying these��"}, {"start": "00:05:15", "end": "00:05:22", "text": "exact toll mechanics into state law. As a result,�\nto secure passage through these contested waters,��"}, {"start": "00:05:22", "end": "00:05:29", "text": "commercial tankers are reportedly being charged�\napproximately $2 million per voyage. But the truly��"}, {"start": "00:05:29", "end": "00:05:34", "text": "significant detail regarding this legalized�\ntoll system is the specific currency being��"}, {"start": "00:05:34", "end": "00:05:40", "text": "demanded for the transaction. Iran explicitly�\nrejects the United States dollar, forcing these��"}, {"start": "00:05:40", "end": "00:05:46", "text": "massive transit fees to be settled in either�\nChinese yuan or through USDT stable coins on��"}, {"start": "00:05:46", "end": "00:05:52", "text": "the Tron blockchain. This means that almost half�\nof the traffic navigating the world's most vital��"}, {"start": "00:05:52", "end": "00:05:56", "text": "energy corridor is already circumventing their�\ntraditional banking system. This massive shadow��"}, {"start": "00:05:56", "end": "00:06:02", "text": "fleet employs sophisticated tactics like�\ndisabling transponders, conducting covert��"}, {"start": "00:06:02", "end": "00:06:07", "text": "shipto- ship transfers in international waters,�\nand constantly changing vessel registrations to��"}, {"start": "00:06:07", "end": "00:06:12", "text": "obscure the origin of their cargo. And the�\nfinancial consequences of this geographical��"}, {"start": "00:06:12", "end": "00:06:17", "text": "bottleneck have been absolutely devastating for�\nthe global energy market. Brent's crude prices��"}, {"start": "00:06:17", "end": "00:06:24", "text": "recently experienced a massive single day surge of�\nnearly 8% pushing the benchmark to $19 per barrel��"}, {"start": "00:06:24", "end": "00:06:31", "text": "while Dubai crude peaked at $166 per barrel. This�\ncreates a devastating paradox that undermines the��"}, {"start": "00:06:31", "end": "00:06:36", "text": "credibility of Western sanctions as a deterrent�\nmechanism. In a striking reversal, the United��"}, {"start": "00:06:36", "end": "00:06:43", "text": "States administration was recently forced to issue�\ngeneral license U, which authorized temporary��"}, {"start": "00:06:43", "end": "00:06:48", "text": "waiverss for the sale of sanctioned Russian�\nand Iranian crude oil already at sea. Now,��"}, {"start": "00:06:48", "end": "00:06:54", "text": "this desperate maneuver was implemented simply�\nto stabilize global energy prices following the��"}, {"start": "00:06:54", "end": "00:07:00", "text": "effective closure of the Hermus corridor. So�\nnations outside the western alliance have drawn��"}, {"start": "00:07:00", "end": "00:07:06", "text": "the obvious conclusion that dollar dependency�\ncreates a vulnerability that can be activated or��"}, {"start": "00:07:06", "end": "00:07:11", "text": "deactivated by Washington any time for domestic�\npolitical reasons. And understanding the hidden��"}, {"start": "00:07:11", "end": "00:07:18", "text": "mechanics of the global financial system before�\nthey hit the mainstream headlines is exactly what��"}, {"start": "00:07:18", "end": "00:07:23", "text": "we do in the free coin bureau finance weekly�\nnewsletter. This is where we share the latest��"}, {"start": "00:07:23", "end": "00:07:28", "text": "breaking macroeconomic news, provide deep dive�\nmarket analysis, and give you the most important��"}, {"start": "00:07:28", "end": "00:07:34", "text": "geopolitical updates. Whether it is a sudden�\nshift in global energy pricing or a new regulatory��"}, {"start": "00:07:34", "end": "00:07:41", "text": "framework targeting digital assets, our readers�\nsee it first every single time. So, scan the QR��"}, {"start": "00:07:41", "end": "00:07:46", "text": "code on the screen right now or use the link in�\nthe description to join our growing community��"}, {"start": "00:07:46", "end": "00:07:52", "text": "of informed investors. Okay, let's return to the�\nspecific architecture that is actively replacing��"}, {"start": "00:07:52", "end": "00:07:58", "text": "the Swift monopoly across the developing world.�\nThere is a major misconception regarding the��"}, {"start": "00:07:58", "end": "00:08:04", "text": "exact nature of the Brix dollarization strategy.�\nMany analysts mistakenly assume that the block��"}, {"start": "00:08:04", "end": "00:08:10", "text": "is attempting to launch a brand new single fiat�\ncurrency to directly rival the euro or the dollar.��"}, {"start": "00:08:10", "end": "00:08:16", "text": "But the fact is that creating a unified currency�\nacross fundamentally different economies like��"}, {"start": "00:08:16", "end": "00:08:22", "text": "Brazil, Russia, India, China and South Africa, a�\nloose alliance of countries known as the bricks��"}, {"start": "00:08:22", "end": "00:08:27", "text": "would be a bureaucratic nightmare. So instead,�\nthe architects behind this transition have built��"}, {"start": "00:08:27", "end": "00:08:32", "text": "something far more surgical and infinitely�\nmore dangerous to western financial hedgemen.��"}, {"start": "00:08:32", "end": "00:08:39", "text": "Brics pay is not a new fiat currency at all. is a�\nmulticurrency crossber settlement system supported��"}, {"start": "00:08:39", "end": "00:08:44", "text": "by decentralized blockchain technology. To put�\nit simply, it functions as a universal adapter��"}, {"start": "00:08:44", "end": "00:08:50", "text": "that allows existing national payment networks�\nto communicate directly with one another. This��"}, {"start": "00:08:50", "end": "00:08:55", "text": "infrastructure seamlessly connects Brazil's�\nPI system, India's unified payments interface,��"}, {"start": "00:08:55", "end": "00:09:00", "text": "China's crossber interbank payment system�\nand Russia's system for transfer of financial��"}, {"start": "00:09:00", "end": "00:09:06", "text": "messages. So by providing a decentralized crossber�\nmessaging system, bricks pay completely eliminates��"}, {"start": "00:09:06", "end": "00:09:11", "text": "the need to route transactions instructions�\nthrough the Swift network. This blockchainbased��"}, {"start": "00:09:11", "end": "00:09:16", "text": "ledger hands the exact same instructional�\ncapacity as traditional messaging rails,��"}, {"start": "00:09:16", "end": "00:09:22", "text": "but it operates across a distributed network that�\nno single jurisdiction controls. And because these��"}, {"start": "00:09:22", "end": "00:09:28", "text": "transactions settle directly between local�\ncurrencies, the entire process bypasses the��"}, {"start": "00:09:28", "end": "00:09:34", "text": "need for any United States dollar conversion.�\nAnd this is the absolute moment of clarity that��"}, {"start": "00:09:34", "end": "00:09:39", "text": "most traditional finance analysts are completely�\nmissing in their macroeconomic assessments. You do��"}, {"start": "00:09:39", "end": "00:09:44", "text": "not actually need a global dominant reserve�\ncurrency to purchase Russian crude oil or��"}, {"start": "00:09:44", "end": "00:09:51", "text": "Brazilian agricultural products. You only need the�\nbuyer and the seller to agree on an exchange rate��"}, {"start": "00:09:51", "end": "00:09:57", "text": "and possess a secure payment rail that cannot�\nbe sanctioned by a third party. And well, that��"}, {"start": "00:09:57", "end": "00:10:03", "text": "exact payment rail now exists and it's already�\nprocessing significant volumes of international��"}, {"start": "00:10:03", "end": "00:10:09", "text": "trade outside of American jurisdiction. Case in�\npoint, the Embridge multi-entral bank digital��"}, {"start": "00:10:09", "end": "00:10:16", "text": "currency platform has already processed the�\nequivalent of over $55 billion in crossber��"}, {"start": "00:10:16", "end": "00:10:22", "text": "transactions and 95.3% of those specific�\ntransactions were denominated entirely in��"}, {"start": "00:10:22", "end": "00:10:28", "text": "the digital Chinese yuan. To facilitate this�\nmassive expansion, China recently established��"}, {"start": "00:10:28", "end": "00:10:33", "text": "an electronic yuan international operation�\ncenter in Shanghai specifically to scale��"}, {"start": "00:10:33", "end": "00:10:38", "text": "crossber usage toward Middle Eastern partners.�\nBut the structural development that gives this��"}, {"start": "00:10:38", "end": "00:10:44", "text": "parallel system immense credibility comes directly�\nfrom the Reserve Bank of India. In early 2026,��"}, {"start": "00:10:44", "end": "00:10:49", "text": "the Indian Central Bank formally proposed an�\nagenda item to interlink the official central��"}, {"start": "00:10:49", "end": "00:10:56", "text": "bank digital currencies across all BRICS member�\nnations. The proposal uses bilateral foreign��"}, {"start": "00:10:56", "end": "00:11:01", "text": "exchange swap agreements between central banks�\nto instantly manage trade imbalances without ever��"}, {"start": "00:11:01", "end": "00:11:07", "text": "touching a western correspondent bank. Now this�\ncreates a frictionless instantaneous settlement��"}, {"start": "00:11:07", "end": "00:11:12", "text": "layer that operates completely outside the reach�\nof the United States Treasury and its secondary��"}, {"start": "00:11:12", "end": "00:11:17", "text": "sanctions regime. Furthermore, the alliance�\npiloted a goldbacked settlement instrument known��"}, {"start": "00:11:17", "end": "00:11:26", "text": "as the unit in late 2025 which is composed of 40%�\nphysical gold and 60% bricks currencies by weight.��"}, {"start": "00:11:26", "end": "00:11:32", "text": "This instrument is explicitly designed to serve�\nas a non-doll reserve asset for interbicks trade��"}, {"start": "00:11:32", "end": "00:11:38", "text": "settlement completely insulating participating�\nnations from western monetary policy. While��"}, {"start": "00:11:38", "end": "00:11:43", "text": "China's crossber interbank payment system�\nprocessed the equivalent of $245 trillion��"}, {"start": "00:11:43", "end": "00:11:50", "text": "in yuan denominated transactions in 2025, it�\nstill heavily relied on swift for messaging.��"}, {"start": "00:11:50", "end": "00:11:55", "text": "Bricks Pay solves this critical dependency�\nby replacing the messaging layer entirely,��"}, {"start": "00:11:55", "end": "00:12:02", "text": "creating a truly sovereign financial ecosystem�\ncapable of processing up to 20,000 transactions��"}, {"start": "00:12:02", "end": "00:12:07", "text": "per second. Now, to fully grasp the�\nimplications of this new infrastructure,��"}, {"start": "00:12:07", "end": "00:12:11", "text": "you have to look at the recent expansion of�\nthe BRICS alliance through a geopolitical��"}, {"start": "00:12:11", "end": "00:12:17", "text": "lens. By strategically admitting nations like�\nSaudi Arabia, the United Arab Emirates, Iran,��"}, {"start": "00:12:17", "end": "00:12:23", "text": "and Egypt, the block secured physical control�\nover the most critical energy choke points on��"}, {"start": "00:12:23", "end": "00:12:27", "text": "Earth. We're talking about sovereign dominance�\nover the Straight of Homus, the Sewish Canal,��"}, {"start": "00:12:27", "end": "00:12:33", "text": "and the broader Red Sea energy transit corridors.�\nThis means the BRICS Alliance now simultaneously��"}, {"start": "00:12:33", "end": "00:12:38", "text": "controls some of the world's largest energy�\nproducers and some of its largest energy��"}, {"start": "00:12:38", "end": "00:12:44", "text": "consumers. When the nations pumping the oil and�\nthe nations refining the oil are operating on the��"}, {"start": "00:12:44", "end": "00:12:50", "text": "exact same digital payment rail, the traditional�\npetro dollar cycle is structurally broken. We're��"}, {"start": "00:12:50", "end": "00:12:56", "text": "already witnessing this exact bifurcation play�\nout in real time between the Russian Federation��"}, {"start": "00:12:56", "end": "00:13:03", "text": "and the People's Republic of China. By late 2025,�\nover 99% of all bilateral trade between Russia��"}, {"start": "00:13:03", "end": "00:13:10", "text": "and China was being settled exclusively in rubles�\nand yuan. China is the world's largest importer of��"}, {"start": "00:13:10", "end": "00:13:16", "text": "crude oil, bringing in over 11.5 million barrels�\nevery single day to feed its massive industrial��"}, {"start": "00:13:16", "end": "00:13:22", "text": "base. As a growing percentage of that immense�\nenergy demand gets settled through the Embridge��"}, {"start": "00:13:22", "end": "00:13:28", "text": "platform or the BRICS pay network, structural�\ndemand for the United States dollar evaporates.��"}, {"start": "00:13:28", "end": "00:13:33", "text": "Now, it's extremely important to acknowledge the�\nvalid counterarguments presented by traditional��"}, {"start": "00:13:33", "end": "00:13:39", "text": "finance analysts regarding the limitations of this�\nnew system. Proponents of the dollar milkshake��"}, {"start": "00:13:39", "end": "00:13:44", "text": "theory correctly point out that an enormous�\nquantity of global debt remains denominated in��"}, {"start": "00:13:44", "end": "00:13:50", "text": "USD. So whenever a financial crisis strikes,�\nevery institution and sovereign nation that��"}, {"start": "00:13:50", "end": "00:13:56", "text": "owes dollar denominated debt must acquire dollars�\nto service those massive liabilities. This��"}, {"start": "00:13:56", "end": "00:14:02", "text": "creates a self-reinforcing liquidity vacuum that�\ncontinuously sucks capital into American assets��"}, {"start": "00:14:02", "end": "00:14:08", "text": "regardless of deteriorating domestic fundamentals.�\nFurthermore, the Chinese yuan remains entirely��"}, {"start": "00:14:08", "end": "00:14:13", "text": "non-convertible on the capital account, meaning�\nforeign holders cannot freely move money in and��"}, {"start": "00:14:13", "end": "00:14:19", "text": "out of China without strict regulatory approval.�\nThis structural barrier prevents the yuan from��"}, {"start": "00:14:19", "end": "00:14:25", "text": "absorbing the massive instantaneous liquidity�\nrequirements of global reserve management.��"}, {"start": "00:14:25", "end": "00:14:29", "text": "No sovereign nation actually wants to replace�\nAmerican dollar hedgeimonyy with Chinese yuan��"}, {"start": "00:14:29", "end": "00:14:37", "text": "hedgemony. Which is exactly why the yuan still�\naccounts for just 1.93% of global reserves. But��"}, {"start": "00:14:37", "end": "00:14:43", "text": "the fundamental question that these traditional�\ntheories all fail to address is what happens when��"}, {"start": "00:14:43", "end": "00:14:49", "text": "the massive global energy market simply removes�\nits straw from the milkshake. Briggs pay is not��"}, {"start": "00:14:49", "end": "00:14:55", "text": "attempting to drain the existing Euro dollar debt�\nmarket. It is meticulously building an escape��"}, {"start": "00:14:55", "end": "00:15:01", "text": "hatch for all future trade. Every single barrel�\nof oil that transits the straight of Hamuz under��"}, {"start": "00:15:01", "end": "00:15:08", "text": "Yuan denominated settlement is a barrel that never�\ngenerates demand for United States treasuries. And��"}, {"start": "00:15:08", "end": "00:15:13", "text": "this brings us to the reality of the fiscal trap�\ncurrently facing the United States government.��"}, {"start": "00:15:13", "end": "00:15:18", "text": "You see, the traditional petrod dollar system�\nallowed America to run massive fiscal deficits��"}, {"start": "00:15:18", "end": "00:15:24", "text": "because foreign energy producers continuously�\nrecycled their profits into US government��"}, {"start": "00:15:24", "end": "00:15:29", "text": "debt. This artificial demand suppressed domestic�\ninterest rates and allowed the federal government��"}, {"start": "00:15:29", "end": "00:15:35", "text": "to finance its military and social programs at�\na severe discount. But as global trade volumes��"}, {"start": "00:15:35", "end": "00:15:41", "text": "steadily migrate to the bricks pay ecosystem,�\nforeign demand for longduration US treasuries��"}, {"start": "00:15:41", "end": "00:15:47", "text": "is absolutely plummeting. Total foreign holdings�\nof US depth have shifted dramatically with China��"}, {"start": "00:15:47", "end": "00:15:55", "text": "reducing its treasury portfolio to roughly $694�\nbillion by early 2026. Now this represents a 10%��"}, {"start": "00:15:55", "end": "00:16:01", "text": "reduction in just 12 months, forcing the US�\nTreasury to find alternative buyers for its��"}, {"start": "00:16:01", "end": "00:16:07", "text": "escalating depth issuance. And this increasing�\nlack of foreign demand has forced the 30-year US��"}, {"start": "00:16:07", "end": "00:16:13", "text": "Treasury yield to remain stubbornly elevated�\nat 4.19%. Research from the Yale Budget Lab��"}, {"start": "00:16:13", "end": "00:16:18", "text": "confirms that this high federal borrowing is�\nalready crowding out private investments and��"}, {"start": "00:16:18", "end": "00:16:24", "text": "embedding higher long-term rates across the entire�\neconomy. The US is currently sitting on a gross��"}, {"start": "00:16:24", "end": "00:16:33", "text": "federal debt exceeding $ 38.6 $6 trillion, which�\ntranslates to a debt to GDP ratio of approximately��"}, {"start": "00:16:33", "end": "00:16:39", "text": "122%. With borrowing costs permanently higher,�\nthe net interest payments on that monumental debt��"}, {"start": "00:16:39", "end": "00:16:45", "text": "are projected to cross $1 trillion this year.�\nInterest payments are now the second largest��"}, {"start": "00:16:45", "end": "00:16:49", "text": "federal expenditure, having completely�\nsurpassed the entire US national defense��"}, {"start": "00:16:49", "end": "00:16:56", "text": "budget. Furthermore, approximately 33% of all�\nfederal debt matures within the next 12 months,��"}, {"start": "00:16:56", "end": "00:17:02", "text": "meaning the government is acutely sensitive�\nto these elevated refinancing costs. If the��"}, {"start": "00:17:02", "end": "00:17:07", "text": "Federal Reserve attempts to lower interest rates�\nto save the government from bankruptcy, they risk��"}, {"start": "00:17:07", "end": "00:17:12", "text": "unleashing another devastating wave of domestic�\ninflation. But if they maintain these elevated��"}, {"start": "00:17:12", "end": "00:17:20", "text": "rates to fight inflation, a compounding interest�\nexpense will consume much of the federal budget.��"}, {"start": "00:17:20", "end": "00:17:26", "text": "So as a result, the legacy financial system is�\ntrapped in a systematic crisis with absolutely no��"}, {"start": "00:17:26", "end": "00:17:32", "text": "viable exit strategy that preserves the purchasing�\npower of the everyday citizen. Meanwhile, central��"}, {"start": "00:17:32", "end": "00:17:38", "text": "banks around the world have recognized this exact�\nvulnerability and are aggressively rotating their��"}, {"start": "00:17:38", "end": "00:17:45", "text": "reserves out of fiat currency. In early 2026, for�\nthe first time since 1996, the aggregate value��"}, {"start": "00:17:45", "end": "00:17:51", "text": "of gold held by foreign official institutions�\nofficially surpassed the value of the US Treasury��"}, {"start": "00:17:51", "end": "00:17:57", "text": "holdings. Central bank gold buying reached $863�\ntons in the previous year, pushing the price��"}, {"start": "00:17:57", "end": "00:18:04", "text": "of the precious metal to an astonishing $4,694�\nper ounce. According to the World Gold Council,��"}, {"start": "00:18:04", "end": "00:18:10", "text": "95% of central banks expect their gold reserves�\nto increase over the next 12 months. Now,��"}, {"start": "00:18:10", "end": "00:18:16", "text": "these sovereign institutions are not buying�\nphysical gold because they want a speculative��"}, {"start": "00:18:16", "end": "00:18:22", "text": "return on their investment portfolio. They are�\naccumulating pristine non-countery collateral��"}, {"start": "00:18:22", "end": "00:18:28", "text": "because they know that the basic math of the US�\nfiscal situation is completely unsustainable. Data��"}, {"start": "00:18:28", "end": "00:18:34", "text": "from the International Monetary Fund confirms this�\nstructural shift, showing the US dollar's share of��"}, {"start": "00:18:34", "end": "00:18:40", "text": "global reserves has fallen to approximately�\n56.9%. So in plain English, the concept��"}, {"start": "00:18:40", "end": "00:18:46", "text": "of a global dolorization is no longer just a�\ntheoretical geopolitical talking point, discussed��"}, {"start": "00:18:46", "end": "00:18:52", "text": "economic conferences, but is now hardcoded into�\na functional operational infrastructure that is��"}, {"start": "00:18:52", "end": "00:18:58", "text": "actively processing tens and tens of billions�\nof dollars in international trade. Bricks Pay��"}, {"start": "00:18:58", "end": "00:19:03", "text": "provides the exact technological exit ramp that�\nthe global south has been desperately seeking��"}, {"start": "00:19:03", "end": "00:19:09", "text": "since the weaponization of the Swift network. And�\nas the global energy trade inevitably migrates��"}, {"start": "00:19:09", "end": "00:19:15", "text": "toward this new parallel system, the United States�\nwill face an unprecedented crisis in funding its��"}, {"start": "00:19:15", "end": "00:19:21", "text": "own massive deficits. The artificial demand that�\nsubsidized American economic dominance for the��"}, {"start": "00:19:21", "end": "00:19:28", "text": "past 50 years is rapidly evaporating before our�\nvery eyes. But what do you think? Will the BRICS��"}, {"start": "00:19:28", "end": "00:19:33", "text": "pay network successfully dethrone the Swift system�\nover the coming decade? Or will the USD somehow��"}, {"start": "00:19:33", "end": "00:19:38", "text": "maintain its historical dominance? Please get�\nhighly opinionated in the comment section below��"}, {"start": "00:19:38", "end": "00:19:44", "text": "because this transition affects the purchasing�\npower of every single person watching this video.��"}, {"start": "00:19:44", "end": "00:19:50", "text": "And if you want to understand exactly how the�\nFederal Reserve's monetary policies are actively��"}, {"start": "00:19:50", "end": "00:19:55", "text": "eroding your personal wealth, you must check�\nout our deep dive video right over here. Thank��"}, {"start": "00:19:55", "end": "00:20:01", "text": "you all so much for watching and I'll see�\nyou again very soon. This is DC signing"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "What if the world's most powerful financial�\ninstitution was openly hosting a session on��"}, {"start": "00:00:05", "end": "00:00:11", "text": "how to fundamentally reset the global trade�\nsystem? That might sound like a wild internet��"}, {"start": "00:00:11", "end": "00:00:17", "text": "conspiracy theory, but on April 9th, 2026, the�\nInternational Monetary Fund is doing exactly that��"}, {"start": "00:00:17", "end": "00:00:23", "text": "at their Washington DC headquarters. The post-war�\neconomic order is fracturing under the weight of��"}, {"start": "00:00:23", "end": "00:00:29", "text": "geopolitical conflict and unprecedented energy�\nshocks. And while retail investors are distracted��"}, {"start": "00:00:29", "end": "00:00:35", "text": "by short-term market volatility, global elites�\nare already building a programmable replacement��"}, {"start": "00:00:35", "end": "00:00:42", "text": "for the dying fiat system. My name is Lewis and�\nyou're watching the Coin Bureau. On April 9th,��"}, {"start": "00:00:42", "end": "00:00:49", "text": "the International Monetary Fund or IMF will host�\na highly publicized curtainer session titled��"}, {"start": "00:00:49", "end": "00:00:56", "text": "Policies Amid a Reset of the International Trade�\nand Financial Systems. The deliberate use of that��"}, {"start": "00:00:56", "end": "00:01:01", "text": "specific terminology in a formal session�\ntitle is a notable semantic choice for an��"}, {"start": "00:01:01", "end": "00:01:06", "text": "organization that usually relies on diplomatic�\nlanguage. They are formally acknowledging that��"}, {"start": "00:01:06", "end": "00:01:11", "text": "the traditional banking cartel is undergoing�\na permanent structural transformation rather��"}, {"start": "00:01:11", "end": "00:01:18", "text": "than a cyclical disruption. IMF managing director�\nCristina Georgieva recently addressed this exact��"}, {"start": "00:01:18", "end": "00:01:24", "text": "theme at a symposium in Tokyo, warning that the�\nglobal economy is facing continuous compounding��"}, {"start": "00:01:24", "end": "00:01:29", "text": "shocks. She noted that the institution is�\nactively analyzing the potential impact of��"}, {"start": "00:01:29", "end": "00:01:34", "text": "these geopolitical shifts on member countries.�\nAnd following this unprecedented curtain raiser,��"}, {"start": "00:01:34", "end": "00:01:40", "text": "the IMF will drop its highly anticipated world�\neconomic outlook report on April 14th. This��"}, {"start": "00:01:40", "end": "00:01:46", "text": "release will arrive at a moment of catastrophic�\ninstitutional disagreement regarding the actual��"}, {"start": "00:01:46", "end": "00:01:51", "text": "trajectory of the United States economy. The�\nOrganization for Economic Cooperation and��"}, {"start": "00:01:51", "end": "00:01:58", "text": "Development or OECD recently published an interim�\nreport projecting American headline inflation to��"}, {"start": "00:01:58", "end": "00:02:06", "text": "reach 4.2% by the end of 2026. that represents a�\nworrying upward revision driven almost entirely��"}, {"start": "00:02:06", "end": "00:02:11", "text": "by severe energy price shocks and sustained�\nglobal supply chain disruptions. Furthermore, the��"}, {"start": "00:02:11", "end": "00:02:18", "text": "implementation of new trade tariffs under section�\n122 of the Trade Act of 1974 is projected to cost��"}, {"start": "00:02:18", "end": "00:02:24", "text": "the average American household approximately�\n$1,500 this year. However, the Federal Reserve's��"}, {"start": "00:02:24", "end": "00:02:31", "text": "recent summary of economic projections insists�\nthat inflation will magically settle at just��"}, {"start": "00:02:31", "end": "00:02:38", "text": "2.7% over the exact same time frame. That 150�\nbasis point gap between two major financial��"}, {"start": "00:02:38", "end": "00:02:44", "text": "authorities is not some minor statistical rounding�\nerror, but the difference between an uncomfortable��"}, {"start": "00:02:44", "end": "00:02:50", "text": "economic landing and a genuine stagflation�\ncrisis that destroys the purchasing power of��"}, {"start": "00:02:50", "end": "00:02:56", "text": "everyday users. If the OECD's projections prove�\naccurate, well, the Federal Reserve is sitting��"}, {"start": "00:02:56", "end": "00:03:02", "text": "dangerously behind the curve and will be forced�\ninto emergency policy reversals and the broader��"}, {"start": "00:03:02", "end": "00:03:09", "text": "market is already pricing in this exact scenario.�\nWith futures contracts currently showing a 52%��"}, {"start": "00:03:09", "end": "00:03:14", "text": "probability of a rate hike by the end of the year,�\nthe underlying economic data reveals exactly why��"}, {"start": "00:03:14", "end": "00:03:20", "text": "the Fed is trapped in a genuine dual mandate�\nnightmare. Recent employment reports showed��"}, {"start": "00:03:20", "end": "00:03:28", "text": "a devastating loss of 92,000 jobs in February�\nalone, marking the fourth monthly decline in 9��"}, {"start": "00:03:28", "end": "00:03:35", "text": "months. Simultaneously, the University of Michigan�\nconsumer sentiment index plunged by 14% following��"}, {"start": "00:03:35", "end": "00:03:41", "text": "the outbreak of war in the Middle East. When�\nyou combine rising energydriven inflation with a��"}, {"start": "00:03:41", "end": "00:03:48", "text": "rapidly weakening labor market, you have the exact�\ntextbook conditions for a stagflation crisis. And��"}, {"start": "00:03:48", "end": "00:03:53", "text": "speaking of tracking these massive institutional�\npolicy shifts before they hit the mainstream��"}, {"start": "00:03:53", "end": "00:03:58", "text": "headlines, this is exactly why you need the Coin�\nBureau Telegram channel. It's where we share the��"}, {"start": "00:03:58", "end": "00:04:04", "text": "latest breaking news, provide deep dive alpha,�\nand give you the most important market updates,��"}, {"start": "00:04:04", "end": "00:04:08", "text": "all pinged directly to your device so that�\nyou don't miss a thing. So, sign up today��"}, {"start": "00:04:08", "end": "00:04:14", "text": "using the link down below or by scanning the�\nQR code on the screen. Now, let's look at the��"}, {"start": "00:04:14", "end": "00:04:19", "text": "underlying mechanical reality that is forcing the�\nInternational Monetary Fund to openly discuss a��"}, {"start": "00:04:19", "end": "00:04:25", "text": "structural reset. For decades, the absolute�\ngold standard of international trade has been��"}, {"start": "00:04:25", "end": "00:04:31", "text": "the petro dollar system, which required global�\nenergy markets to settle exclusively in United��"}, {"start": "00:04:31", "end": "00:04:38", "text": "States dollars. But that monopoly is currently�\ndisintegrating at an astonishing speed across��"}, {"start": "00:04:38", "end": "00:04:45", "text": "multiple geopolitical fault lines. In March 2026,�\nIndian refiners successfully settled approximately��"}, {"start": "00:04:45", "end": "00:04:51", "text": "60 million barrels of Russian crude oil without�\ntouching the legacy financial system. Instead of��"}, {"start": "00:04:51", "end": "00:04:58", "text": "relying on Western correspondent banks, Indian�\nOil Corporation and other major refiners used��"}, {"start": "00:04:58", "end": "00:05:05", "text": "specialized overseas accounts to process payments.�\nThey deposited local rupees into these accounts��"}, {"start": "00:05:05", "end": "00:05:13", "text": "which were then converted directly into Chinese�\nJuan and UAE Durhams to finalize the transactions.��"}, {"start": "00:05:13", "end": "00:05:19", "text": "This massive volume of crude was legally processed�\nduring a temporary 30-day United States sanctions��"}, {"start": "00:05:19", "end": "00:05:25", "text": "waiver window that expires in early April.�\nThe political paradox of this situation is��"}, {"start": "00:05:25", "end": "00:05:30", "text": "crazy when you analyze the regulatory timeline.�\nThe Trump administration was forced to issue��"}, {"start": "00:05:30", "end": "00:05:37", "text": "a temporary waiver allowing India to continue�\npurchasing Russian oil to stabilize global energy��"}, {"start": "00:05:37", "end": "00:05:43", "text": "prices. The exact same government that previously�\nthreatened massive penalty tariffs to stop these��"}, {"start": "00:05:43", "end": "00:05:49", "text": "sanctions is now issuing emergency exemptions�\nto prevent a global supply collapse. When the��"}, {"start": "00:05:49", "end": "00:05:55", "text": "world's third largest oil consumer demonstrates�\nthat non-dollar settlement is operationally��"}, {"start": "00:05:55", "end": "00:06:02", "text": "viable at massive scale, it constitutes a fatal�\nstress test for the entire dollar hedgeimonyy.��"}, {"start": "00:06:02", "end": "00:06:07", "text": "But the most aggressive assault on the traditional�\nfinance architecture is currently unfolding inside��"}, {"start": "00:06:07", "end": "00:06:12", "text": "the straight of Hormuz. Following recent�\nmilitary escalations, Iranian authorities��"}, {"start": "00:06:12", "end": "00:06:18", "text": "established a heavily regulated transit corridor�\nnear Lark Island, demanding massive transit fees��"}, {"start": "00:06:18", "end": "00:06:24", "text": "for safe passage. Traffic through this critical�\nmaritime choke point has plummeted by 90% since��"}, {"start": "00:06:24", "end": "00:06:30", "text": "the conflict began. Vessels seeking to navigate�\nthis restricted energy corridor are being forced��"}, {"start": "00:06:30", "end": "00:06:36", "text": "to pay up to $2 million per individual voyage. The�\nIranian Parliament Security Committee is actively��"}, {"start": "00:06:36", "end": "00:06:42", "text": "drafting formal legislation to permanently codify�\nthis fee structure into their national law. And��"}, {"start": "00:06:42", "end": "00:06:48", "text": "the truly devastating detail is not the exorbitant�\nprice tag, but the specific financial network��"}, {"start": "00:06:48", "end": "00:06:53", "text": "required to process that payment. Shipping�\ncompanies are settling these seven figure��"}, {"start": "00:06:53", "end": "00:07:00", "text": "transit fees in Chinese yuan routed specifically�\nthrough the crossber interbank payment system.��"}, {"start": "00:07:00", "end": "00:07:05", "text": "Payments are being directed through accounts�\nat China's Kunloon Bank to completely bypass��"}, {"start": "00:07:05", "end": "00:07:11", "text": "the Swift messaging network and neutralize Western�\neconomic sanctions. By forcing commercial vessels��"}, {"start": "00:07:11", "end": "00:07:17", "text": "to use the CIPS network, Iran has effectively�\ntransformed the world's most critical maritime��"}, {"start": "00:07:17", "end": "00:07:24", "text": "choke point into a dollarfree toll booth. This�\ngeopolitical maneuvering has created a bifurcated��"}, {"start": "00:07:24", "end": "00:07:30", "text": "global oil market where crude traded within the�\nJuan circuit receives a structural discount of up��"}, {"start": "00:07:30", "end": "00:07:36", "text": "to $8 per barrel. Meanwhile, the BRICS nations�\nare aggressively operationalizing their own��"}, {"start": "00:07:36", "end": "00:07:43", "text": "blockchainbacked clearing architecture to bypass�\nwestern infrastructure entirely. The Reserve Bank��"}, {"start": "00:07:43", "end": "00:07:49", "text": "of India is formally advancing a framework known�\nas the BRICS bridge which focuses on central bank��"}, {"start": "00:07:49", "end": "00:07:56", "text": "digital currency interoperability. This initiative�\nis a primary agenda item for the upcoming bricks��"}, {"start": "00:07:56", "end": "00:08:02", "text": "summit in New Delhi scheduled for September 2026.�\nThe goal is to create a multi-tier settlement��"}, {"start": "00:08:02", "end": "00:08:09", "text": "system connecting national payment rails without�\never requiring dollar intermediation. This bricks��"}, {"start": "00:08:09", "end": "00:08:15", "text": "pay infrastructure is not a theoretical concept�\nbut an open-source decentralized protocol that��"}, {"start": "00:08:15", "end": "00:08:21", "text": "officially launched in 2024. It functions as an�\ninteroperability layer explicitly designed to��"}, {"start": "00:08:21", "end": "00:08:31", "text": "connect India's UPI, China's CIP, Russia's SPFs�\nand Brazil's PIX payment systems. Furthermore,��"}, {"start": "00:08:31", "end": "00:08:36", "text": "prototype digital settlement instruments like�\nthe unit are being developed to use blockchain��"}, {"start": "00:08:36", "end": "00:08:43", "text": "technology backed by 40% physical gold and�\n60% local currencies. These member nations��"}, {"start": "00:08:43", "end": "00:08:49", "text": "are aggressively accumulating hard assets to�\nback this new financial architecture with bricks��"}, {"start": "00:08:49", "end": "00:08:55", "text": "central banks collectively holding over 6,000 tons�\nof gold. And the underlying technical foundation��"}, {"start": "00:08:55", "end": "00:09:00", "text": "for this transition is already processing�\nmassive amounts of institutional capital.��"}, {"start": "00:09:00", "end": "00:09:08", "text": "The Mbridge multi-CBDC platform recently processed�\nroughly $55 billion in payments with 95% of those��"}, {"start": "00:09:08", "end": "00:09:14", "text": "transactions denominated exclusively in digital�\nJuan. Now, you might look at your trading screens��"}, {"start": "00:09:14", "end": "00:09:19", "text": "right now and notice that the United States�\ndollar is paradoxically strengthening against��"}, {"start": "00:09:19", "end": "00:09:24", "text": "foreign currencies. But this short-term price�\naction is actually a symptom of the underlying��"}, {"start": "00:09:24", "end": "00:09:30", "text": "geopolitical disease. Because America remains a�\nnet energy exporter, it's relatively insulated��"}, {"start": "00:09:30", "end": "00:09:36", "text": "from the global supply shocks devastating�\nEuropean and Asian markets. Those foreign��"}, {"start": "00:09:36", "end": "00:09:41", "text": "nations are currently hoarding dollars in a�\ndesperate attempt to afford emergency energy��"}, {"start": "00:09:41", "end": "00:09:47", "text": "imports at inflated prices. And this temporary�\nsafe haven demand is masking a catastrophic��"}, {"start": "00:09:47", "end": "00:09:53", "text": "structural fracture in the global reserve data.�\nThe dollar's share of global foreign exchange��"}, {"start": "00:09:53", "end": "00:10:01", "text": "reserves has plummeted to 56.9% marking the lowest�\nlevel recorded in three decades which brings us��"}, {"start": "00:10:01", "end": "00:10:06", "text": "to the ultimate endgame behind the international�\nmonetary funds highly publicized reset session.��"}, {"start": "00:10:06", "end": "00:10:12", "text": "The global financial elite understand perfectly�\nwell that the current unipolar fiat system is��"}, {"start": "00:10:12", "end": "00:10:18", "text": "breaking down. Their solution is not to return to�\na decentralized standard, but rather to construct��"}, {"start": "00:10:18", "end": "00:10:25", "text": "a multipolar currency system heavily reliant on�\nprogrammable money. According to recent data,��"}, {"start": "00:10:25", "end": "00:10:32", "text": "137 countries representing 98% of global gross�\ndomestic product are now actively exploring or��"}, {"start": "00:10:32", "end": "00:10:37", "text": "implementing central bank digital currencies.�\nThese institutions are building the ultimate��"}, {"start": "00:10:37", "end": "00:10:43", "text": "surveillance state under the guise of increasing�\ncrossber payment efficiency. Take a close look��"}, {"start": "00:10:43", "end": "00:10:49", "text": "at the official payments vision 2028 roadmap�\npublished by the Reserve Bank of India. That��"}, {"start": "00:10:49", "end": "00:10:55", "text": "document explicitly highlights programmable�\nfeatures including switch on and switch off��"}, {"start": "00:10:55", "end": "00:11:03", "text": "controls extending to all digital payment modes.�\nIt mandates full transaction traceability through��"}, {"start": "00:11:03", "end": "00:11:08", "text": "a centralized payment switching service that�\ngrants authorities total visibility into every��"}, {"start": "00:11:08", "end": "00:11:14", "text": "single purchase. Over in China, the government�\nrecently reclassified digital wan balances as��"}, {"start": "00:11:14", "end": "00:11:21", "text": "interestbearing deposits, transforming the asset�\nfrom a simple cash substitute into a competitive��"}, {"start": "00:11:21", "end": "00:11:28", "text": "financial instrument. Local municipalities have�\nalready used smart contract functionality to issue��"}, {"start": "00:11:28", "end": "00:11:33", "text": "targeted consumption vouchers with embedded�\nexpiration dates. They're demonstrating in��"}, {"start": "00:11:33", "end": "00:11:38", "text": "real time that programmable spending controls�\nare a fully operational reality rather than��"}, {"start": "00:11:38", "end": "00:11:45", "text": "a theoretical concept. The European Central Bank�\nis also advocating their digital euro preparation��"}, {"start": "00:11:45", "end": "00:11:51", "text": "phase with a distributed ledger technology�\nsolution known as the Pontis scheduled to launch��"}, {"start": "00:11:51", "end": "00:11:58", "text": "in late 2026. This is the massive structural flaw�\nhidden inside the institutional push for digital��"}, {"start": "00:11:58", "end": "00:12:04", "text": "asset tokenization. When a central bank issues�\na digital currency, they retain the absolute��"}, {"start": "00:12:04", "end": "00:12:09", "text": "power to restrict what categories of goods you�\ncould purchase. They possess the technological��"}, {"start": "00:12:09", "end": "00:12:15", "text": "capability to program your funds to expire if�\nthey are not spent within a statemanded time��"}, {"start": "00:12:15", "end": "00:12:21", "text": "frame. They can implement geographic restrictions�\nthat confine your purchasing power to specific��"}, {"start": "00:12:21", "end": "00:12:27", "text": "designated regions. Internal modeling conducted by�\nthe International Monetary Fund suggests that even��"}, {"start": "00:12:27", "end": "00:12:33", "text": "a non-interestbearing digital currency could�\ncapture 8% of the commercial deposit market.��"}, {"start": "00:12:33", "end": "00:12:38", "text": "This perfectly illustrates the rule of three for�\ninstitutional monetary capture. They capture the��"}, {"start": "00:12:38", "end": "00:12:44", "text": "settlement layer. They capture the transaction�\ndata and finally they capture your financial��"}, {"start": "00:12:44", "end": "00:12:50", "text": "sovereignty. That said, the United States stands�\nas a bizarre outlier in this global transition.��"}, {"start": "00:12:50", "end": "00:12:56", "text": "With the Senate recently passing legislation�\nprohibiting the Federal Reserve from issuing a��"}, {"start": "00:12:56", "end": "00:13:02", "text": "retail digital dollar, President Trump signed�\nan executive order terminating all federal��"}, {"start": "00:13:02", "end": "00:13:08", "text": "research and development of a retail central bank�\ndigital currency, citing severe risks to financial��"}, {"start": "00:13:08", "end": "00:13:13", "text": "privacy. The administration simultaneously�\nestablished a United States strategic Bitcoin��"}, {"start": "00:13:13", "end": "00:13:20", "text": "reserve capitalized with over 328,000 coins�\nseized through federal forfeite proceedings.��"}, {"start": "00:13:20", "end": "00:13:26", "text": "They are explicitly positioning decentralized�\ndigital commodities as the fundamental contrast��"}, {"start": "00:13:26", "end": "00:13:31", "text": "to state surveillance digital currencies. But�\neven without a direct central bank currency,��"}, {"start": "00:13:31", "end": "00:13:37", "text": "the newly established stable coin regulatory�\nframeworks require private issuers to possess��"}, {"start": "00:13:37", "end": "00:13:43", "text": "the capability to freeze transactions upon�\nlawful order. The Genius Act established the��"}, {"start": "00:13:43", "end": "00:13:49", "text": "first federal stablecoin framework, mandating that�\nprivate issuers maintain the technical capability��"}, {"start": "00:13:49", "end": "00:13:54", "text": "to block transfers immediately. Furthermore,�\ngovernments are implementing the crypto asset��"}, {"start": "00:13:54", "end": "00:14:00", "text": "reporting framework to integrate decentralized�\nassets into the broader regulatory tax and��"}, {"start": "00:14:00", "end": "00:14:05", "text": "surveillance net. They are effectively replicating�\nthe exact same surveillance architecture through��"}, {"start": "00:14:05", "end": "00:14:11", "text": "heavily regulated corporate intermediaries. So,�\nhow should investors navigate this unprecedented��"}, {"start": "00:14:11", "end": "00:14:16", "text": "transition away from the legacy financial�\nsystem? On one hand, the short-term market��"}, {"start": "00:14:16", "end": "00:14:21", "text": "dynamics are undeniably brutal for decentralized�\nassets right now. Bitcoin has suffered a severe��"}, {"start": "00:14:21", "end": "00:14:28", "text": "22.5% draw down since the beginning of the year,�\ndropping to roughly $68,700. Meanwhile, gold has��"}, {"start": "00:14:28", "end": "00:14:36", "text": "surged nearly 8% to reach massive new all-time�\nhighs above $4,700 per ounce. During periods of��"}, {"start": "00:14:36", "end": "00:14:42", "text": "acute geopolitical panic, institutional capital�\ninstinctively flees towards the traditional��"}, {"start": "00:14:42", "end": "00:14:47", "text": "physical safety of precious metals. The Apex�\ncryptocurrency is currently failing to demonstrate��"}, {"start": "00:14:47", "end": "00:14:53", "text": "the immediate safe haven characteristics that well�\nmany maximalists promised that it would deliver.��"}, {"start": "00:14:53", "end": "00:14:57", "text": "Even major institutional holders are feeling�\nthe immense pressure of this macroeconomic��"}, {"start": "00:14:57", "end": "00:15:04", "text": "environment. Strategy Incorporated currently holds�\nover 762,000 Bitcoin with an average cost basis��"}, {"start": "00:15:04", "end": "00:15:12", "text": "of roughly $75,600 per coin. That means that the�\nmost aggressive institutional accumulator on the��"}, {"start": "00:15:12", "end": "00:15:18", "text": "planet is currently underwater by approximately�\n$6 billion. On the other hand, the long-term��"}, {"start": "00:15:18", "end": "00:15:24", "text": "structural case for permissionless innovation has�\nnever been more critically important. As global��"}, {"start": "00:15:24", "end": "00:15:30", "text": "elites actively attempt to replace the dying fiat�\narchitecture with programmable digital currencies,��"}, {"start": "00:15:30", "end": "00:15:36", "text": "you are being forced to make a definitive choice.�\nBitcoin operates on a peer-to-peer network with��"}, {"start": "00:15:36", "end": "00:15:41", "text": "absolutely no central authority that can�\nfreeze your accounts or program spending��"}, {"start": "00:15:41", "end": "00:15:48", "text": "restrictions. It is a protocol native digital�\ncommodity that possesses no issuer, no promoter,��"}, {"start": "00:15:48", "end": "00:15:54", "text": "and absolutely no counterparty risk. Black Rockck�\nunderstands this foundational value proposition,��"}, {"start": "00:15:54", "end": "00:16:01", "text": "which is exactly why their spot exchange traded�\nfund continues to hold approximately 775,000��"}, {"start": "00:16:01", "end": "00:16:07", "text": "Bitcoin despite the current market volatility.�\nIn a world where governments are openly building��"}, {"start": "00:16:07", "end": "00:16:12", "text": "the infrastructure to dictate exactly how and�\nwhen you could spend your money, censorship��"}, {"start": "00:16:12", "end": "00:16:18", "text": "resistance becomes the most valuable fundamental�\nmetric on Earth. The choice you face is not simply��"}, {"start": "00:16:18", "end": "00:16:24", "text": "deciding between holding digital gold or physical�\ngold in your portfolio. The choice is whether you��"}, {"start": "00:16:24", "end": "00:16:30", "text": "want to remain trapped inside a financial system�\nthat can program your money or step outside into��"}, {"start": "00:16:30", "end": "00:16:36", "text": "a network that cannot. But what do you think�\nabout this massive institutional shift? Are��"}, {"start": "00:16:36", "end": "00:16:42", "text": "you going to opt into this highly coordinated�\nprogrammable digital currency reset? or is��"}, {"start": "00:16:42", "end": "00:16:48", "text": "decentralized crypto the only true escape�\nhatch left for everyday users? Let me know��"}, {"start": "00:16:48", "end": "00:16:52", "text": "your thoughts in the comments below. And if you�\nwant to understand the hidden mechanisms behind��"}, {"start": "00:16:52", "end": "00:16:57", "text": "the recent stable coin regulatory frameworks,�\nyou can check out our video on that right over��"}, {"start": "00:16:57", "end": "00:17:04", "text": "here. Thank you all so much for watching and I'll�\nsee you again very soon. This is Le signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The very first sentence of the Bitcoin"}, {"start": "00:00:02", "end": "00:00:08", "text": "white paper describes this revolutionary"}, {"start": "00:00:05", "end": "00:00:10", "text": "new technology as quote, \"a purely"}, {"start": "00:00:08", "end": "00:00:12", "text": "peer-to-peer version of electronic cash"}, {"start": "00:00:10", "end": "00:00:15", "text": "that would allow online payments to be"}, {"start": "00:00:12", "end": "00:00:17", "text": "sent directly from one party to another"}, {"start": "00:00:15", "end": "00:00:18", "text": "without going through a financial"}, {"start": "00:00:17", "end": "00:00:21", "text": "institution."}, {"start": "00:00:18", "end": "00:00:24", "text": "Now, this concept of decentralization"}, {"start": "00:00:21", "end": "00:00:26", "text": "quickly became crypto's defining"}, {"start": "00:00:24", "end": "00:00:28", "text": "narrative. replacing centralized"}, {"start": "00:00:26", "end": "00:00:32", "text": "structures with distributed networks"}, {"start": "00:00:28", "end": "00:00:34", "text": "suddenly seemed entirely possible. And"}, {"start": "00:00:32", "end": "00:00:36", "text": "as more cryptocurrencies launched with"}, {"start": "00:00:34", "end": "00:00:38", "text": "their own networks and unique"}, {"start": "00:00:36", "end": "00:00:42", "text": "capabilities, excitement about what was"}, {"start": "00:00:38", "end": "00:00:45", "text": "possible grew rapidly. However,"}, {"start": "00:00:42", "end": "00:00:48", "text": "something soon became apparent."}, {"start": "00:00:45", "end": "00:00:50", "text": "Decentralization exists on a spectrum."}, {"start": "00:00:48", "end": "00:00:52", "text": "Some crypto projects are more"}, {"start": "00:00:50", "end": "00:00:55", "text": "decentralized than others, and some"}, {"start": "00:00:52", "end": "00:00:57", "text": "aren't decentralized at all. even if"}, {"start": "00:00:55", "end": "00:00:58", "text": "they claim to be. And herein lies the"}, {"start": "00:00:57", "end": "00:00:59", "text": "problem."}, {"start": "00:00:58", "end": "00:01:02", "text": ">> Here's a problem."}, {"start": "00:00:59", "end": "00:01:05", "text": ">> The very concept of decentralization"}, {"start": "00:01:02", "end": "00:01:08", "text": "which has attracted so many people to"}, {"start": "00:01:05", "end": "00:01:10", "text": "crypto may be under threat even when it"}, {"start": "00:01:08", "end": "00:01:13", "text": "comes to Bitcoin. Now for context,"}, {"start": "00:01:10", "end": "00:01:15", "text": "Bitcoin is widely regarded as the most"}, {"start": "00:01:13", "end": "00:01:18", "text": "decentralized network in the world."}, {"start": "00:01:15", "end": "00:01:20", "text": "That's because no central authority"}, {"start": "00:01:18", "end": "00:01:23", "text": "controls the network or your funds."}, {"start": "00:01:20", "end": "00:01:25", "text": "Anyone around the world can participate"}, {"start": "00:01:23", "end": "00:01:28", "text": "and anyone can operate a node or even"}, {"start": "00:01:25", "end": "00:01:31", "text": "become a Bitcoin miner to help secure"}, {"start": "00:01:28", "end": "00:01:33", "text": "the network. However, Bitcoin mining"}, {"start": "00:01:31", "end": "00:01:35", "text": "ain't what it used to be. Back in the"}, {"start": "00:01:33", "end": "00:01:38", "text": "day, anyone could help process BTC"}, {"start": "00:01:35", "end": "00:01:41", "text": "transactions on a regular computer and"}, {"start": "00:01:38", "end": "00:01:43", "text": "earn BTC as a reward. But as these"}, {"start": "00:01:41", "end": "00:01:45", "text": "rewards became more lucrative,"}, {"start": "00:01:43", "end": "00:01:48", "text": "competition quickly ramped up. And"}, {"start": "00:01:45", "end": "00:01:50", "text": "today, dedicated machines called"}, {"start": "00:01:48", "end": "00:01:54", "text": "applicationspecific integrated circuits"}, {"start": "00:01:50", "end": "00:01:57", "text": "or AS6 dominate mining. Each unit costs"}, {"start": "00:01:54", "end": "00:02:00", "text": "thousands of dollars upfront and even"}, {"start": "00:01:57", "end": "00:02:02", "text": "more in energy costs. And this is where"}, {"start": "00:02:00", "end": "00:02:05", "text": "Bitcoin's decentralization cracks begin"}, {"start": "00:02:02", "end": "00:02:07", "text": "to show. Put simply, the little guy has"}, {"start": "00:02:05", "end": "00:02:10", "text": "been priced out. While massive mining"}, {"start": "00:02:07", "end": "00:02:13", "text": "firms have invested billions to build"}, {"start": "00:02:10", "end": "00:02:16", "text": "operations with thousands of AS6, as a"}, {"start": "00:02:13", "end": "00:02:18", "text": "result, Bitcoin's mining power is now"}, {"start": "00:02:16", "end": "00:02:20", "text": "concentrated in just a few companies,"}, {"start": "00:02:18", "end": "00:02:23", "text": "arguably undermining its"}, {"start": "00:02:20", "end": "00:02:25", "text": "decentralization. To really put things"}, {"start": "00:02:23", "end": "00:02:27", "text": "into perspective, take a second to"}, {"start": "00:02:25", "end": "00:02:30", "text": "consider that about a third of Bitcoin's"}, {"start": "00:02:27", "end": "00:02:34", "text": "mining pools are controlled by Foundry"}, {"start": "00:02:30", "end": "00:02:39", "text": "USA. Meanwhile, F2 pool controls almost"}, {"start": "00:02:34", "end": "00:02:42", "text": "14% and Antpool over 12%. So, a few"}, {"start": "00:02:39", "end": "00:02:44", "text": "large mining pools now account for a"}, {"start": "00:02:42", "end": "00:02:46", "text": "majority of Bitcoin block production,"}, {"start": "00:02:44", "end": "00:02:49", "text": "and that certainly impacts the image of"}, {"start": "00:02:46", "end": "00:02:51", "text": "Bitcoin's decentralization. That said,"}, {"start": "00:02:49", "end": "00:02:54", "text": "mining pool concentration is not the"}, {"start": "00:02:51", "end": "00:02:57", "text": "same as minor concentration. pools"}, {"start": "00:02:54", "end": "00:02:59", "text": "aggregate many independent miners."}, {"start": "00:02:57", "end": "00:03:01", "text": "Granted that pool operators still have"}, {"start": "00:02:59", "end": "00:03:03", "text": "real influence over block construction."}, {"start": "00:03:01", "end": "00:03:07", "text": "But that doesn't change the fact that"}, {"start": "00:03:03", "end": "00:03:10", "text": "almost all the AS6 used today were built"}, {"start": "00:03:07", "end": "00:03:11", "text": "by a single company, Bitmain, which is"}, {"start": "00:03:10", "end": "00:03:14", "text": "certainly something to think about. And"}, {"start": "00:03:11", "end": "00:03:17", "text": "of course, it's not just Bitcoin. Many"}, {"start": "00:03:14", "end": "00:03:19", "text": "cryptos claim to be decentralized, yet"}, {"start": "00:03:17", "end": "00:03:22", "text": "most fall short once you scratch the"}, {"start": "00:03:19", "end": "00:03:24", "text": "surface, albeit for various reasons."}, {"start": "00:03:22", "end": "00:03:27", "text": "Many staked cryptos often have"}, {"start": "00:03:24", "end": "00:03:30", "text": "concentrated validator pools and whales"}, {"start": "00:03:27", "end": "00:03:32", "text": "control governance in most Dows. But why"}, {"start": "00:03:30", "end": "00:03:35", "text": "is all of this happening? Well, the"}, {"start": "00:03:32", "end": "00:03:37", "text": "short answer is that people simply don't"}, {"start": "00:03:35", "end": "00:03:39", "text": "care about decentralization anymore."}, {"start": "00:03:37", "end": "00:03:41", "text": ">> I don't care anymore."}, {"start": "00:03:39", "end": "00:03:44", "text": ">> Rather than network security, most"}, {"start": "00:03:41", "end": "00:03:48", "text": "investors focus on speed, reliability,"}, {"start": "00:03:44", "end": "00:03:50", "text": "and low costs. As former BitMech CEO"}, {"start": "00:03:48", "end": "00:03:52", "text": "Arthur Hayes once said, quote, \"A good"}, {"start": "00:03:50", "end": "00:03:54", "text": "price, good product, good user"}, {"start": "00:03:52", "end": "00:03:56", "text": "experience. That's all the majority of"}, {"start": "00:03:54", "end": "00:03:58", "text": "you care about and will care about in"}, {"start": "00:03:56", "end": "00:04:01", "text": "the future.\" And it's difficult to say"}, {"start": "00:03:58", "end": "00:04:03", "text": "that he's wrong. Case in point, a 2024"}, {"start": "00:04:01", "end": "00:04:06", "text": "survey by Consensus, the team behind"}, {"start": "00:04:03", "end": "00:04:08", "text": "MetaMask, asked respondents what were"}, {"start": "00:04:06", "end": "00:04:11", "text": "the three main concepts they associate"}, {"start": "00:04:08", "end": "00:04:14", "text": "with cryptocurrency. Decentralization"}, {"start": "00:04:11", "end": "00:04:17", "text": "was actually the third lowest scoring"}, {"start": "00:04:14", "end": "00:04:19", "text": "result at just 5%."}, {"start": "00:04:17", "end": "00:04:21", "text": "That is mind-blowing given that"}, {"start": "00:04:19", "end": "00:04:23", "text": "decentralization is literally what this"}, {"start": "00:04:21", "end": "00:04:26", "text": "industry was founded on. However, that"}, {"start": "00:04:23", "end": "00:04:28", "text": "same report suggested this shift might"}, {"start": "00:04:26", "end": "00:04:30", "text": "stem from a lack of education. When"}, {"start": "00:04:28", "end": "00:04:33", "text": "respondents were given an explanation of"}, {"start": "00:04:30", "end": "00:04:36", "text": "decentralization, over a third said the"}, {"start": "00:04:33", "end": "00:04:38", "text": "financial system and apparently social"}, {"start": "00:04:36", "end": "00:04:41", "text": "media would benefit from being more"}, {"start": "00:04:38", "end": "00:04:43", "text": "decentralized. Obviously, that's a"}, {"start": "00:04:41", "end": "00:04:45", "text": "massive improvement. Now, call us"}, {"start": "00:04:43", "end": "00:04:48", "text": "biased, but if more people understood"}, {"start": "00:04:45", "end": "00:04:50", "text": "what crypto and decentralization really"}, {"start": "00:04:48", "end": "00:04:52", "text": "mean, more would take it seriously. In"}, {"start": "00:04:50", "end": "00:04:55", "text": "other words, by watching this video and"}, {"start": "00:04:52", "end": "00:04:57", "text": "staying educated, you're already ahead"}, {"start": "00:04:55", "end": "00:04:59", "text": "of the curve. So, go ahead, flex that"}, {"start": "00:04:57", "end": "00:05:01", "text": "big brain energy by bashing the like"}, {"start": "00:04:59", "end": "00:05:02", "text": "button and subscribe to the channel if"}, {"start": "00:05:01", "end": "00:05:04", "text": "you haven't already. And if you're"}, {"start": "00:05:02", "end": "00:05:06", "text": "looking for an easy way to stay"}, {"start": "00:05:04", "end": "00:05:08", "text": "informed, then why not join the Coinb's"}, {"start": "00:05:06", "end": "00:05:10", "text": "Telegram channel? That's where we share"}, {"start": "00:05:08", "end": "00:05:12", "text": "the latest breaking news, provide deep"}, {"start": "00:05:10", "end": "00:05:14", "text": "dive alpha, and give you the most"}, {"start": "00:05:12", "end": "00:05:16", "text": "important market updates, all pinged"}, {"start": "00:05:14", "end": "00:05:18", "text": "directly to your device so you don't"}, {"start": "00:05:16", "end": "00:05:21", "text": "miss a thing. So, sign up today using"}, {"start": "00:05:18", "end": "00:05:24", "text": "the link in the description or the QR"}, {"start": "00:05:21", "end": "00:05:26", "text": "code on screen now. Okay. Now, another"}, {"start": "00:05:24", "end": "00:05:30", "text": "crypto sector where decentralization is"}, {"start": "00:05:26", "end": "00:05:32", "text": "important but lacking is in DeFi. As"}, {"start": "00:05:30", "end": "00:05:35", "text": "you'll know, DeFi lets users do things"}, {"start": "00:05:32", "end": "00:05:37", "text": "like borrowing, lending, staking, yield"}, {"start": "00:05:35", "end": "00:05:40", "text": "farming, and providing liquidity, all"}, {"start": "00:05:37", "end": "00:05:42", "text": "without a centralized intermediary like"}, {"start": "00:05:40", "end": "00:05:45", "text": "a bank or an exchange. The problem is"}, {"start": "00:05:42", "end": "00:05:47", "text": "that many so-called DeFi protocols"}, {"start": "00:05:45", "end": "00:05:49", "text": "aren't that different from banks or"}, {"start": "00:05:47", "end": "00:05:51", "text": "exchanges under the hood. That's because"}, {"start": "00:05:49", "end": "00:05:53", "text": "many have single points of failure."}, {"start": "00:05:51", "end": "00:05:56", "text": "Whether that's a smart contract bug, an"}, {"start": "00:05:53", "end": "00:05:57", "text": "admin team with broad permissions, a"}, {"start": "00:05:56", "end": "00:06:00", "text": "weak multisig setup, a fragile"}, {"start": "00:05:57", "end": "00:06:03", "text": "governance system, or whatever else."}, {"start": "00:06:00", "end": "00:06:06", "text": "Sometimes a mix of all of the above. In"}, {"start": "00:06:03", "end": "00:06:09", "text": "other words, DeFi is not decentralized"}, {"start": "00:06:06", "end": "00:06:11", "text": "enough. And that's a lesson the industry"}, {"start": "00:06:09", "end": "00:06:14", "text": "was forced to relearn the hard way with"}, {"start": "00:06:11", "end": "00:06:16", "text": "the recent Drift protocol exploit. Now,"}, {"start": "00:06:14", "end": "00:06:18", "text": "for context, Drift is a leading"}, {"start": "00:06:16", "end": "00:06:21", "text": "decentralized exchange or DEX on Salana."}, {"start": "00:06:18", "end": "00:06:24", "text": "At its peak, Drift had around $1.5"}, {"start": "00:06:21", "end": "00:06:26", "text": "billion in total value locked or TVL."}, {"start": "00:06:24", "end": "00:06:28", "text": "And naturally, this TVL declined as the"}, {"start": "00:06:26", "end": "00:06:31", "text": "broader market turned bearish. Nothing"}, {"start": "00:06:28", "end": "00:06:33", "text": "unusual there. But things took a turn"}, {"start": "00:06:31", "end": "00:06:36", "text": "for the worse on the 1st of April when"}, {"start": "00:06:33", "end": "00:06:38", "text": "the protocol issued a warning on X. In"}, {"start": "00:06:36", "end": "00:06:41", "text": "their words, quote, \"Drift Protocol is"}, {"start": "00:06:38", "end": "00:06:43", "text": "experiencing an active attack. Deposits"}, {"start": "00:06:41", "end": "00:06:46", "text": "and withdrawals have been suspended.\""}, {"start": "00:06:43", "end": "00:06:48", "text": "They added that, quote, \"This is not an"}, {"start": "00:06:46", "end": "00:06:50", "text": "April Fool's joke.\" Early analysis by"}, {"start": "00:06:48", "end": "00:06:53", "text": "blockchain security researcher Vladimir"}, {"start": "00:06:50", "end": "00:06:55", "text": "S. suggested the exploit came from a"}, {"start": "00:06:53", "end": "00:06:58", "text": "private key leak, possibly linked to a"}, {"start": "00:06:55", "end": "00:07:01", "text": "compromised wallet. Initial estimates"}, {"start": "00:06:58", "end": "00:07:03", "text": "put the loss at $200 million. But as"}, {"start": "00:07:01", "end": "00:07:06", "text": "onchain data rolled in, the picture got"}, {"start": "00:07:03", "end": "00:07:08", "text": "both clearer and uglier, and by the end,"}, {"start": "00:07:06", "end": "00:07:10", "text": "it was revealed the hackers had stolen"}, {"start": "00:07:08", "end": "00:07:13", "text": "$285"}, {"start": "00:07:10", "end": "00:07:17", "text": "million in total. That makes the Drift"}, {"start": "00:07:13", "end": "00:07:19", "text": "exploit the largest DeFi attack of 2026"}, {"start": "00:07:17", "end": "00:07:23", "text": "so far. To put that into perspective,"}, {"start": "00:07:19", "end": "00:07:27", "text": "hackers stole a combined 169 million"}, {"start": "00:07:23", "end": "00:07:31", "text": "across all DeFi protocols in Q1, spread"}, {"start": "00:07:27", "end": "00:07:34", "text": "over 34 separate incidents. Drift alone"}, {"start": "00:07:31", "end": "00:07:36", "text": "blew past that total in a single attack."}, {"start": "00:07:34", "end": "00:07:38", "text": "Now, unsurprisingly, the incident"}, {"start": "00:07:36", "end": "00:07:40", "text": "sparked plenty of controversy with"}, {"start": "00:07:38", "end": "00:07:42", "text": "security researchers dissecting Drift's"}, {"start": "00:07:40", "end": "00:07:44", "text": "architecture and questioning whether"}, {"start": "00:07:42", "end": "00:07:46", "text": "stronger safeguards could have prevented"}, {"start": "00:07:44", "end": "00:07:49", "text": "one of the most lucrative DeFi exploits"}, {"start": "00:07:46", "end": "00:07:51", "text": "in recent memory. Before long, the Drift"}, {"start": "00:07:49", "end": "00:07:54", "text": "team released a statement outlining what"}, {"start": "00:07:51", "end": "00:07:56", "text": "happened. They explained that, quote, \"A"}, {"start": "00:07:54", "end": "00:07:58", "text": "malicious actor gained unauthorized"}, {"start": "00:07:56", "end": "00:08:01", "text": "access to Drift protocol through a novel"}, {"start": "00:07:58", "end": "00:08:03", "text": "attack, resulting in a rapid takeover of"}, {"start": "00:08:01", "end": "00:08:06", "text": "Drift's Security Council administrative"}, {"start": "00:08:03", "end": "00:08:09", "text": "powers. Allegedly, the attackers added a"}, {"start": "00:08:06", "end": "00:08:11", "text": "fake token to the DEX and altered its"}, {"start": "00:08:09", "end": "00:08:14", "text": "withdrawal limits. They then inflated"}, {"start": "00:08:11", "end": "00:08:16", "text": "the token's value before exploiting the"}, {"start": "00:08:14", "end": "00:08:20", "text": "protocol's borrowing mechanics to drain"}, {"start": "00:08:16", "end": "00:08:22", "text": "hundreds of millions in liquidity. Ouch."}, {"start": "00:08:20", "end": "00:08:25", "text": "And to make matters even worse, the"}, {"start": "00:08:22", "end": "00:08:27", "text": "Drift team posted again on X on the 5th"}, {"start": "00:08:25", "end": "00:08:29", "text": "of April with a detailed breakdown of"}, {"start": "00:08:27", "end": "00:08:33", "text": "what went wrong, revealing that this"}, {"start": "00:08:29", "end": "00:08:36", "text": "attack was six months in the making. In"}, {"start": "00:08:33", "end": "00:08:38", "text": "late 2025, Drift was approached by a"}, {"start": "00:08:36", "end": "00:08:41", "text": "group from what seemed to be a"}, {"start": "00:08:38", "end": "00:08:43", "text": "legitimate quant trading firm. Multiple"}, {"start": "00:08:41", "end": "00:08:44", "text": "meetings took place, Telegram groups"}, {"start": "00:08:43", "end": "00:08:47", "text": "were created, and messages were"}, {"start": "00:08:44", "end": "00:08:49", "text": "exchanged. Drift team members met with"}, {"start": "00:08:47", "end": "00:08:51", "text": "the group repeatedly at various"}, {"start": "00:08:49", "end": "00:08:54", "text": "conferences, sharing insights, tools,"}, {"start": "00:08:51", "end": "00:08:56", "text": "and project ideas. The group also"}, {"start": "00:08:54", "end": "00:08:59", "text": "onboarded an ecosystem vault on Drift"}, {"start": "00:08:56", "end": "00:09:02", "text": "and deposited $1 million of their own"}, {"start": "00:08:59", "end": "00:09:05", "text": "capital, clearly aiming to build trust."}, {"start": "00:09:02", "end": "00:09:07", "text": "But this so-called trust was just a"}, {"start": "00:09:05", "end": "00:09:10", "text": "social engineering attack. By the time"}, {"start": "00:09:07", "end": "00:09:12", "text": "the exploit hit on the 1st of April, all"}, {"start": "00:09:10", "end": "00:09:15", "text": "chats and malicious software had already"}, {"start": "00:09:12", "end": "00:09:17", "text": "been scrubbed clean. At the center of it"}, {"start": "00:09:15", "end": "00:09:20", "text": "all though was a multi-IG wallet"}, {"start": "00:09:17", "end": "00:09:22", "text": "requiring just two private key"}, {"start": "00:09:20", "end": "00:09:24", "text": "signatures. And this is an important"}, {"start": "00:09:22", "end": "00:09:26", "text": "point because while multi-IGs are meant"}, {"start": "00:09:24", "end": "00:09:28", "text": "to boost security, this incident"}, {"start": "00:09:26", "end": "00:09:31", "text": "highlighted that they can also become a"}, {"start": "00:09:28", "end": "00:09:33", "text": "centralized choke point. In any case,"}, {"start": "00:09:31", "end": "00:09:36", "text": "some experts argued that Drift could"}, {"start": "00:09:33", "end": "00:09:38", "text": "have slowed or even stopped the attack"}, {"start": "00:09:36", "end": "00:09:40", "text": "with time locks which delay high impact"}, {"start": "00:09:38", "end": "00:09:42", "text": "transactions. Meanwhile, others"}, {"start": "00:09:40", "end": "00:09:44", "text": "suggested that automated circuit"}, {"start": "00:09:42", "end": "00:09:47", "text": "breakers could have been used to freeze"}, {"start": "00:09:44", "end": "00:09:49", "text": "protocol activity during abnormal"}, {"start": "00:09:47", "end": "00:09:51", "text": "outflows. With either approach, drift"}, {"start": "00:09:49", "end": "00:09:54", "text": "could have been given a crucial window"}, {"start": "00:09:51", "end": "00:09:57", "text": "to respond before funds were moved."}, {"start": "00:09:54", "end": "00:09:59", "text": "Intriguingly though, many critics also"}, {"start": "00:09:57", "end": "00:10:01", "text": "questioned how centralized stable coins"}, {"start": "00:09:59", "end": "00:10:04", "text": "were able to move freely on chain"}, {"start": "00:10:01", "end": "00:10:07", "text": "without being frozen. Many asked why"}, {"start": "00:10:04", "end": "00:10:09", "text": "Circle, the issuer of USDC, didn't"}, {"start": "00:10:07", "end": "00:10:13", "text": "intervene since the attacker spent hours"}, {"start": "00:10:09", "end": "00:10:15", "text": "swapping $270 million into USDC before"}, {"start": "00:10:13", "end": "00:10:18", "text": "bridging to Ethereum. According to"}, {"start": "00:10:15", "end": "00:10:21", "text": "onchain investigator Zack XPTt, Circle"}, {"start": "00:10:18", "end": "00:10:24", "text": "had a 6-hour window to freeze the funds,"}, {"start": "00:10:21", "end": "00:10:26", "text": "but didn't step in. But ironically, for"}, {"start": "00:10:24", "end": "00:10:29", "text": "this to happen, a centralized stable"}, {"start": "00:10:26", "end": "00:10:32", "text": "coin issuer like Circle or Tether would"}, {"start": "00:10:29", "end": "00:10:34", "text": "need to intervene. And for many, that's"}, {"start": "00:10:32", "end": "00:10:36", "text": "an ethical overstep, while others argue"}, {"start": "00:10:34", "end": "00:10:39", "text": "that it's the right thing to do. But"}, {"start": "00:10:36", "end": "00:10:41", "text": "well, more on all of that later. Now,"}, {"start": "00:10:39", "end": "00:10:43", "text": "the recent incident involving Drift"}, {"start": "00:10:41", "end": "00:10:45", "text": "raises big questions about crypto's"}, {"start": "00:10:43", "end": "00:10:47", "text": "broader adoption. After all, at a"}, {"start": "00:10:45", "end": "00:10:49", "text": "certain point, we need to think less"}, {"start": "00:10:47", "end": "00:10:51", "text": "about how cryptonatives talk about"}, {"start": "00:10:49", "end": "00:10:54", "text": "decentralization and more on how"}, {"start": "00:10:51", "end": "00:10:57", "text": "ordinary users experience the industry"}, {"start": "00:10:54", "end": "00:10:59", "text": "and its associated risks. Put simply,"}, {"start": "00:10:57", "end": "00:11:01", "text": "the average user doesn't distinguish"}, {"start": "00:10:59", "end": "00:11:04", "text": "between smart contract exploits, admin"}, {"start": "00:11:01", "end": "00:11:06", "text": "key abuse, or governance attacks. They"}, {"start": "00:11:04", "end": "00:11:09", "text": "just see that the protocol failed. End"}, {"start": "00:11:06", "end": "00:11:11", "text": "of story. From their perspective,"}, {"start": "00:11:09", "end": "00:11:13", "text": "failure is failure. No matter the cause,"}, {"start": "00:11:11", "end": "00:11:17", "text": "the user will simply say, \"This crypto"}, {"start": "00:11:13", "end": "00:11:19", "text": "app broke and I lost money and nobody is"}, {"start": "00:11:17", "end": "00:11:22", "text": "going to want to stick around after"}, {"start": "00:11:19", "end": "00:11:24", "text": "that.\" The reality is that new users are"}, {"start": "00:11:22", "end": "00:11:26", "text": "often drawn to DeFi for its"}, {"start": "00:11:24", "end": "00:11:29", "text": "transformative and often lucrative"}, {"start": "00:11:26", "end": "00:11:31", "text": "potential. Yet, few understand the risks"}, {"start": "00:11:29", "end": "00:11:34", "text": "embedded in some of the most commonly"}, {"start": "00:11:31", "end": "00:11:37", "text": "used tokens. And nowhere is this clearer"}, {"start": "00:11:34", "end": "00:11:40", "text": "than in stable coins, the very lifeblood"}, {"start": "00:11:37", "end": "00:11:43", "text": "of DeFi itself. In case you didn't know,"}, {"start": "00:11:40", "end": "00:11:45", "text": "DeFi is almost entirely dependent on"}, {"start": "00:11:43", "end": "00:11:47", "text": "stable coin liquidity. That's because"}, {"start": "00:11:45", "end": "00:11:50", "text": "stable coins serve as the base money"}, {"start": "00:11:47", "end": "00:11:54", "text": "that powers most of DeFi's functionality"}, {"start": "00:11:50", "end": "00:11:57", "text": "and settlement with USDC and USDT alone"}, {"start": "00:11:54", "end": "00:12:00", "text": "making up 82% of the entire stable coin"}, {"start": "00:11:57", "end": "00:12:03", "text": "market. Now, these stable coins are"}, {"start": "00:12:00", "end": "00:12:05", "text": "essentially permissioned IUS, not"}, {"start": "00:12:03", "end": "00:12:07", "text": "neutral money. So in other words, when"}, {"start": "00:12:05", "end": "00:12:12", "text": "you trade your favorite memecoin for"}, {"start": "00:12:07", "end": "00:12:14", "text": "USDT, swapping that USDT back to fiat"}, {"start": "00:12:12", "end": "00:12:16", "text": "requires trusting the issuer, Tether in"}, {"start": "00:12:14", "end": "00:12:19", "text": "this example, to honor the redemption."}, {"start": "00:12:16", "end": "00:12:21", "text": "This creates a hidden dependency on"}, {"start": "00:12:19", "end": "00:12:24", "text": "stable coin issuers, regulators, and"}, {"start": "00:12:21", "end": "00:12:27", "text": "even external custodians. But herein"}, {"start": "00:12:24", "end": "00:12:29", "text": "lies the real problem. These stable"}, {"start": "00:12:27", "end": "00:12:33", "text": "coins also mean that these so-called"}, {"start": "00:12:29", "end": "00:12:35", "text": "decentralized finance rails often run on"}, {"start": "00:12:33", "end": "00:12:37", "text": "centralized liabilities. That's simply"}, {"start": "00:12:35", "end": "00:12:40", "text": "because fiatbacked stable coins are"}, {"start": "00:12:37", "end": "00:12:42", "text": "issued, governed, and controlled by a"}, {"start": "00:12:40", "end": "00:12:45", "text": "single company, meaning they carry the"}, {"start": "00:12:42", "end": "00:12:47", "text": "same choke points that DeFi was meant to"}, {"start": "00:12:45", "end": "00:12:50", "text": "eliminate. And this isn't just"}, {"start": "00:12:47", "end": "00:12:52", "text": "theoretical. The contracts for USDC and"}, {"start": "00:12:50", "end": "00:12:54", "text": "USDT include built-in functions that"}, {"start": "00:12:52", "end": "00:12:57", "text": "allow their issuers to freeze or"}, {"start": "00:12:54", "end": "00:12:59", "text": "blacklist addresses at will. And these"}, {"start": "00:12:57", "end": "00:13:02", "text": "functions have been used repeatedly in"}, {"start": "00:12:59", "end": "00:13:05", "text": "the past. And make no mistake, those"}, {"start": "00:13:02", "end": "00:13:07", "text": "frozen stable coins represent real money"}, {"start": "00:13:05", "end": "00:13:10", "text": "that users can no longer access. Over"}, {"start": "00:13:07", "end": "00:13:12", "text": "the years, Circle has blacklisted"}, {"start": "00:13:10", "end": "00:13:15", "text": "countless wallets and frozen millions in"}, {"start": "00:13:12", "end": "00:13:17", "text": "USDC. The most recent example happened"}, {"start": "00:13:15", "end": "00:13:21", "text": "just last month when it froze millions"}, {"start": "00:13:17", "end": "00:13:23", "text": "of dollars in USDC across 16 wallets."}, {"start": "00:13:21", "end": "00:13:25", "text": "Naturally, this move raised more than a"}, {"start": "00:13:23", "end": "00:13:28", "text": "few eyebrows, though not for the reasons"}, {"start": "00:13:25", "end": "00:13:30", "text": "you might expect. You see, most people"}, {"start": "00:13:28", "end": "00:13:33", "text": "weren't upset that Circle froze assets"}, {"start": "00:13:30", "end": "00:13:35", "text": "on chain, but that its approach seemed"}, {"start": "00:13:33", "end": "00:13:38", "text": "inconsistent. And by far the most vocal"}, {"start": "00:13:35", "end": "00:13:40", "text": "critic has been Zack XPTt, who"}, {"start": "00:13:38", "end": "00:13:42", "text": "challenged Circle by asking why these 16"}, {"start": "00:13:40", "end": "00:13:45", "text": "wallets were frozen when quote, \"They"}, {"start": "00:13:42", "end": "00:13:48", "text": "have provided absolutely zero basis to"}, {"start": "00:13:45", "end": "00:13:51", "text": "freeze all of these business addresses.\""}, {"start": "00:13:48", "end": "00:13:53", "text": "Zach later updated that five of the 16"}, {"start": "00:13:51", "end": "00:13:56", "text": "wallets were unfrozen. Regardless, his"}, {"start": "00:13:53", "end": "00:13:58", "text": "point was that Circle's use of onchain"}, {"start": "00:13:56", "end": "00:14:00", "text": "data has been inconsistent. And this"}, {"start": "00:13:58", "end": "00:14:03", "text": "isn't the first time Zach has raised the"}, {"start": "00:14:00", "end": "00:14:07", "text": "issue. In late February 2025, he asked"}, {"start": "00:14:03", "end": "00:14:09", "text": "Circle CEO Jeremy Aair why Circle hadn't"}, {"start": "00:14:07", "end": "00:14:12", "text": "frozen $115,000"}, {"start": "00:14:09", "end": "00:14:15", "text": "in USDC tied to the massive Bybit hack"}, {"start": "00:14:12", "end": "00:14:17", "text": "last year. Aair responded that Circle"}, {"start": "00:14:15", "end": "00:14:20", "text": "only acts when requested to by law"}, {"start": "00:14:17", "end": "00:14:22", "text": "enforcement, which only drew further"}, {"start": "00:14:20", "end": "00:14:25", "text": "criticism. Zach replied asking, quote,"}, {"start": "00:14:22", "end": "00:14:27", "text": "\"How hard is it to do the right thing as"}, {"start": "00:14:25", "end": "00:14:29", "text": "a leading centralized stable coin"}, {"start": "00:14:27", "end": "00:14:31", "text": "issuer?\" Now, of course, Zach isn't"}, {"start": "00:14:29", "end": "00:14:34", "text": "alone. Many believe intervention is"}, {"start": "00:14:31", "end": "00:14:36", "text": "justified when situations are extreme"}, {"start": "00:14:34", "end": "00:14:38", "text": "enough to warrant it. But from an"}, {"start": "00:14:36", "end": "00:14:41", "text": "adoption standpoint, this raises several"}, {"start": "00:14:38", "end": "00:14:43", "text": "questions. If DeFi's money layer can be"}, {"start": "00:14:41", "end": "00:14:46", "text": "frozen or manipulated by a centralized"}, {"start": "00:14:43", "end": "00:14:48", "text": "company, then how is it any different"}, {"start": "00:14:46", "end": "00:14:50", "text": "from a bank or payment processor"}, {"start": "00:14:48", "end": "00:14:53", "text": "freezing an account? More importantly,"}, {"start": "00:14:50", "end": "00:14:55", "text": "if DeFi depends on centralized stable"}, {"start": "00:14:53", "end": "00:14:57", "text": "coins, web 2 hosted frontends, admin"}, {"start": "00:14:55", "end": "00:15:00", "text": "keys, and emergency pauses, is"}, {"start": "00:14:57", "end": "00:15:03", "text": "decentralization really just a spectrum?"}, {"start": "00:15:00", "end": "00:15:06", "text": "Is it merely a marketing term? Or does"}, {"start": "00:15:03", "end": "00:15:08", "text": "decentralization really exist, just not"}, {"start": "00:15:06", "end": "00:15:10", "text": "with the parts that users actually"}, {"start": "00:15:08", "end": "00:15:13", "text": "interact with? And if that's the case,"}, {"start": "00:15:10", "end": "00:15:15", "text": "then what's the point? Well, the truth"}, {"start": "00:15:13", "end": "00:15:18", "text": "is people won't adopt DeFi or even"}, {"start": "00:15:15", "end": "00:15:20", "text": "crypto because it's decentralized or has"}, {"start": "00:15:18", "end": "00:15:22", "text": "a fancy algorithm. They'll adopt it"}, {"start": "00:15:20", "end": "00:15:26", "text": "because they want reliability, safety,"}, {"start": "00:15:22", "end": "00:15:28", "text": "and simplicity. If someone's first DeFi"}, {"start": "00:15:26", "end": "00:15:30", "text": "experience is someone flicked a switch"}, {"start": "00:15:28", "end": "00:15:33", "text": "and now I can't move my paycheck, well,"}, {"start": "00:15:30", "end": "00:15:35", "text": "that person ain't coming back. Now, by"}, {"start": "00:15:33", "end": "00:15:37", "text": "this point, you can probably see why"}, {"start": "00:15:35", "end": "00:15:39", "text": "decentralization is such a hot topic."}, {"start": "00:15:37", "end": "00:15:41", "text": "Simply put, the more decentralized a"}, {"start": "00:15:39", "end": "00:15:44", "text": "protocol is, the more secure and"}, {"start": "00:15:41", "end": "00:15:45", "text": "resilient it tends to be. But after"}, {"start": "00:15:44", "end": "00:15:48", "text": "everything we've covered, it's worth"}, {"start": "00:15:45", "end": "00:15:50", "text": "asking whether pure decentralization is"}, {"start": "00:15:48", "end": "00:15:52", "text": "always the best choice. Our instincts"}, {"start": "00:15:50", "end": "00:15:55", "text": "may say yes, but the reality isn't so"}, {"start": "00:15:52", "end": "00:15:58", "text": "clear-cut. And nothing illustrates this"}, {"start": "00:15:55", "end": "00:16:01", "text": "better than the Hyperlid case from about"}, {"start": "00:15:58", "end": "00:16:03", "text": "a year ago. In March 2025, decentralized"}, {"start": "00:16:01", "end": "00:16:05", "text": "derivatives exchange Hyperlid found"}, {"start": "00:16:03", "end": "00:16:07", "text": "itself at the center of a very public"}, {"start": "00:16:05", "end": "00:16:10", "text": "controversy. The platform announced it"}, {"start": "00:16:07", "end": "00:16:13", "text": "would delist perpetual futures tied to"}, {"start": "00:16:10", "end": "00:16:16", "text": "the jelly memecoin after quote evidence"}, {"start": "00:16:13", "end": "00:16:18", "text": "of suspicious market activity. According"}, {"start": "00:16:16", "end": "00:16:22", "text": "to Hyperlquid, the decision followed a"}, {"start": "00:16:18", "end": "00:16:25", "text": "user placing a $6 million short on the"}, {"start": "00:16:22", "end": "00:16:27", "text": "Jelly token using 20x leverage. The"}, {"start": "00:16:25", "end": "00:16:29", "text": "platform also said that any users"}, {"start": "00:16:27", "end": "00:16:31", "text": "affected would be automatically"}, {"start": "00:16:29", "end": "00:16:34", "text": "reimbursed by the Hyper Foundation,"}, {"start": "00:16:31", "end": "00:16:36", "text": "Hyperlquid's ecosystem nonprofit. A"}, {"start": "00:16:34", "end": "00:16:39", "text": "decision to delist Jelly was made"}, {"start": "00:16:36", "end": "00:16:41", "text": "collectively with validators agreeing to"}, {"start": "00:16:39", "end": "00:16:43", "text": "act after determining that letting the"}, {"start": "00:16:41", "end": "00:16:46", "text": "position unwind naturally would trigger"}, {"start": "00:16:43", "end": "00:16:47", "text": "a liquidation cascade. In other words,"}, {"start": "00:16:46", "end": "00:16:50", "text": "doing nothing would have forced the"}, {"start": "00:16:47", "end": "00:16:52", "text": "protocol to absorb losses affecting"}, {"start": "00:16:50", "end": "00:16:55", "text": "innocent users across the exchange. The"}, {"start": "00:16:52", "end": "00:16:57", "text": "intervention wasn't elegant, but it was"}, {"start": "00:16:55", "end": "00:17:00", "text": "meant to keep the system running. Still,"}, {"start": "00:16:57", "end": "00:17:02", "text": "the backlash was immediate. Critics"}, {"start": "00:17:00", "end": "00:17:05", "text": "argued that forcibly delisting a market"}, {"start": "00:17:02", "end": "00:17:07", "text": "and intervening in positions violated"}, {"start": "00:17:05", "end": "00:17:10", "text": "the core principle of decentralized"}, {"start": "00:17:07", "end": "00:17:12", "text": "finance. And this sentiment spilled into"}, {"start": "00:17:10", "end": "00:17:15", "text": "Hyperlid's hype token, which dropped"}, {"start": "00:17:12", "end": "00:17:18", "text": "about 14% in a single day. For many, it"}, {"start": "00:17:15", "end": "00:17:20", "text": "was proof that Hyperlid wasn't as"}, {"start": "00:17:18", "end": "00:17:22", "text": "decentralized as people believed. Just"}, {"start": "00:17:20", "end": "00:17:24", "text": "days later, though, a detailed"}, {"start": "00:17:22", "end": "00:17:26", "text": "postmortem from Arkham Intelligence"}, {"start": "00:17:24", "end": "00:17:29", "text": "explained exactly what happened."}, {"start": "00:17:26", "end": "00:17:32", "text": "Basically, the trader had deposited over"}, {"start": "00:17:29", "end": "00:17:34", "text": "$7 million across three accounts, using"}, {"start": "00:17:32", "end": "00:17:37", "text": "them to open offsetting long and short"}, {"start": "00:17:34", "end": "00:17:40", "text": "positions on Jelly. Two accounts held"}, {"start": "00:17:37", "end": "00:17:43", "text": "$4.1 million in long exposure, while the"}, {"start": "00:17:40", "end": "00:17:47", "text": "third held a matching short. When Jelly"}, {"start": "00:17:43", "end": "00:17:49", "text": "surged 400%, the trader short position"}, {"start": "00:17:47", "end": "00:17:52", "text": "entered liquidation, but it was too"}, {"start": "00:17:49", "end": "00:17:54", "text": "large to unwind normally. Instead, it"}, {"start": "00:17:52", "end": "00:17:57", "text": "was absorbed by the Hyperli liquidity"}, {"start": "00:17:54", "end": "00:18:00", "text": "provider vault or HPV. The trader then"}, {"start": "00:17:57", "end": "00:18:02", "text": "tried to withdraw profits, but found"}, {"start": "00:18:00", "end": "00:18:05", "text": "their accounts restricted, forcing them"}, {"start": "00:18:02", "end": "00:18:07", "text": "to close positions at a loss. Data from"}, {"start": "00:18:05", "end": "00:18:10", "text": "Arkham showed the trader had deposited"}, {"start": "00:18:07", "end": "00:18:14", "text": "$7.1 million in total, but could only"}, {"start": "00:18:10", "end": "00:18:16", "text": "withdraw $6.2 million, leaving $900,000"}, {"start": "00:18:14", "end": "00:18:18", "text": "worth frozen. Unsurprisingly,"}, {"start": "00:18:16", "end": "00:18:20", "text": "Hyperlquid's intervention sparked the"}, {"start": "00:18:18", "end": "00:18:23", "text": "usual debates about whether this flies"}, {"start": "00:18:20", "end": "00:18:24", "text": "in the face of decentralization or not."}, {"start": "00:18:23", "end": "00:18:26", "text": "Arthur Hayes, the aforementioned"}, {"start": "00:18:24", "end": "00:18:28", "text": "co-founder and former CEO of BitMEX,"}, {"start": "00:18:26", "end": "00:18:31", "text": "said, quote, \"Let's stop pretending"}, {"start": "00:18:28", "end": "00:18:33", "text": "Hyperlid is decentralized.\" While BitGet"}, {"start": "00:18:31", "end": "00:18:37", "text": "CEO Gracie Chen even said that, quote,"}, {"start": "00:18:33", "end": "00:18:40", "text": "\"Hyperlid may be on track to become FTX"}, {"start": "00:18:37", "end": "00:18:43", "text": "2.0.\" Strong words, but not everyone"}, {"start": "00:18:40", "end": "00:18:45", "text": "viewed it as a failure. Many traders and"}, {"start": "00:18:43", "end": "00:18:48", "text": "analysts praised the platform for acting"}, {"start": "00:18:45", "end": "00:18:50", "text": "quickly to protect users and contain"}, {"start": "00:18:48", "end": "00:18:53", "text": "systemic risk. They saw that Hyperlid"}, {"start": "00:18:50", "end": "00:18:55", "text": "faced a situation where doing nothing"}, {"start": "00:18:53", "end": "00:18:57", "text": "could have caused far greater harm to"}, {"start": "00:18:55", "end": "00:19:00", "text": "the wider ecosystem. Essentially,"}, {"start": "00:18:57", "end": "00:19:03", "text": "Hyperlid chose the lesser of two evils"}, {"start": "00:19:00", "end": "00:19:06", "text": "and it paid off. Hec decrypt even named"}, {"start": "00:19:03", "end": "00:19:09", "text": "Hyperlid as project of the year for"}, {"start": "00:19:06", "end": "00:19:11", "text": "2025, highlighting its growth,"}, {"start": "00:19:09", "end": "00:19:13", "text": "resilience, and ability to navigate"}, {"start": "00:19:11", "end": "00:19:15", "text": "extreme stress events, including the"}, {"start": "00:19:13", "end": "00:19:18", "text": "jelly drama, without collapsing or"}, {"start": "00:19:15", "end": "00:19:20", "text": "halting operations. When you compare"}, {"start": "00:19:18", "end": "00:19:22", "text": "this with what happened at Drift"}, {"start": "00:19:20", "end": "00:19:24", "text": "Protocol, well, the contrast is pretty"}, {"start": "00:19:22", "end": "00:19:27", "text": "glaring. In the Drift scenario,"}, {"start": "00:19:24", "end": "00:19:29", "text": "decentralization seemed like a weakness."}, {"start": "00:19:27", "end": "00:19:32", "text": "Funds were lost, withdrawals were"}, {"start": "00:19:29", "end": "00:19:34", "text": "paused, and no intervention came in time"}, {"start": "00:19:32", "end": "00:19:36", "text": "to preserve user confidence. But with"}, {"start": "00:19:34", "end": "00:19:39", "text": "Hyperlquid, that intervention prevented"}, {"start": "00:19:36", "end": "00:19:41", "text": "a full-scale collapse, and the market"}, {"start": "00:19:39", "end": "00:19:44", "text": "ultimately rewarded the platform for"}, {"start": "00:19:41", "end": "00:19:46", "text": "keeping the system intact. So then, by"}, {"start": "00:19:44", "end": "00:19:48", "text": "this point, you're probably wondering"}, {"start": "00:19:46", "end": "00:19:50", "text": "what all of this means for the future of"}, {"start": "00:19:48", "end": "00:19:51", "text": "decentralization in crypto. Well, after"}, {"start": "00:19:50", "end": "00:19:53", "text": "everything we've looked at, from"}, {"start": "00:19:51", "end": "00:19:55", "text": "questions about Bitcoin mining to the"}, {"start": "00:19:53", "end": "00:19:57", "text": "Drift exploit to Hyperlquid's"}, {"start": "00:19:55", "end": "00:19:59", "text": "controversial intervention, a bigger"}, {"start": "00:19:57", "end": "00:20:02", "text": "picture is clearly emerging. Put simply,"}, {"start": "00:19:59", "end": "00:20:05", "text": "crypto might not be heading towards pure"}, {"start": "00:20:02", "end": "00:20:07", "text": "decentralization at all. Instead, it"}, {"start": "00:20:05", "end": "00:20:10", "text": "seems to be evolving into something"}, {"start": "00:20:07", "end": "00:20:12", "text": "closer to pseudo decentralization."}, {"start": "00:20:10", "end": "00:20:15", "text": "In other words, decentralized enough to"}, {"start": "00:20:12", "end": "00:20:17", "text": "satisfy ideology and branding, but"}, {"start": "00:20:15", "end": "00:20:19", "text": "centralized enough to actually function,"}, {"start": "00:20:17", "end": "00:20:22", "text": "survive, and thrive in the real world."}, {"start": "00:20:19", "end": "00:20:24", "text": "Now, admittedly, this is a somewhat"}, {"start": "00:20:22", "end": "00:20:26", "text": "controversial take. Back in the day,"}, {"start": "00:20:24", "end": "00:20:28", "text": "decentralization was everything."}, {"start": "00:20:26", "end": "00:20:31", "text": "Nowadays, though, many would argue that"}, {"start": "00:20:28", "end": "00:20:33", "text": "decentralization on its own isn't"}, {"start": "00:20:31", "end": "00:20:36", "text": "inherently valuable. It only matters if"}, {"start": "00:20:33", "end": "00:20:38", "text": "it drives real economic activity. A"}, {"start": "00:20:36", "end": "00:20:40", "text": "project can be perfectly decentralized"}, {"start": "00:20:38", "end": "00:20:42", "text": "in theory, but well, if nobody's"}, {"start": "00:20:40", "end": "00:20:45", "text": "actually using it, that decentralization"}, {"start": "00:20:42", "end": "00:20:46", "text": "doesn't really mean much. But does this"}, {"start": "00:20:45", "end": "00:20:47", "text": "mean that decentralization is"}, {"start": "00:20:46", "end": "00:20:48", "text": "irrelevant?"}, {"start": "00:20:47", "end": "00:20:51", "text": ">> Absolutely not."}, {"start": "00:20:48", "end": "00:20:53", "text": ">> When done right, decentralized systems"}, {"start": "00:20:51", "end": "00:20:56", "text": "boost security, cut costs, make"}, {"start": "00:20:53", "end": "00:20:58", "text": "protocols more accessible, and attract"}, {"start": "00:20:56", "end": "00:21:00", "text": "genuine user activity. However, only"}, {"start": "00:20:58", "end": "00:21:02", "text": "when these networks have real economic"}, {"start": "00:21:00", "end": "00:21:04", "text": "activity do the benefits of"}, {"start": "00:21:02", "end": "00:21:06", "text": "decentralization, like governance,"}, {"start": "00:21:04", "end": "00:21:09", "text": "censorship resistance, and resilience"}, {"start": "00:21:06", "end": "00:21:12", "text": "really matter to the average user. The"}, {"start": "00:21:09", "end": "00:21:14", "text": "truth is, today's users mostly don't"}, {"start": "00:21:12", "end": "00:21:17", "text": "prioritize decentralization."}, {"start": "00:21:14", "end": "00:21:19", "text": "Many are happy to rely exclusively on"}, {"start": "00:21:17", "end": "00:21:22", "text": "centralized exchanges, and most really"}, {"start": "00:21:19", "end": "00:21:25", "text": "wouldn't object when centralized actors"}, {"start": "00:21:22", "end": "00:21:27", "text": "move decisively if it means their funds"}, {"start": "00:21:25", "end": "00:21:30", "text": "are protected, even if that comes at the"}, {"start": "00:21:27", "end": "00:21:32", "text": "cost of decentralization. But it's not"}, {"start": "00:21:30", "end": "00:21:35", "text": "just users who feel this way. Regulators"}, {"start": "00:21:32", "end": "00:21:37", "text": "are moving in the same direction. Take"}, {"start": "00:21:35", "end": "00:21:39", "text": "the recently passed Genius Act for"}, {"start": "00:21:37", "end": "00:21:42", "text": "example. It legally requires stable coin"}, {"start": "00:21:39", "end": "00:21:46", "text": "issuers like Circle or Tether to freeze"}, {"start": "00:21:42", "end": "00:21:48", "text": "or block illicit transactions. So if the"}, {"start": "00:21:46", "end": "00:21:51", "text": "law mandates intervention, the question"}, {"start": "00:21:48", "end": "00:21:53", "text": "isn't whether these centralized controls"}, {"start": "00:21:51", "end": "00:21:55", "text": "should exist. It's when they should be"}, {"start": "00:21:53", "end": "00:21:57", "text": "implemented. Regardless, the real"}, {"start": "00:21:55", "end": "00:22:00", "text": "question though is whether it's best to"}, {"start": "00:21:57", "end": "00:22:02", "text": "have fully decentralized systems or"}, {"start": "00:22:00", "end": "00:22:06", "text": "protocols with centralized safeguards"}, {"start": "00:22:02", "end": "00:22:08", "text": "that maintain trust. Maybe the future of"}, {"start": "00:22:06", "end": "00:22:10", "text": "crypto isn't about returning to pure"}, {"start": "00:22:08", "end": "00:22:12", "text": "decentralization."}, {"start": "00:22:10", "end": "00:22:14", "text": "Maybe it's about finding a pragmatic"}, {"start": "00:22:12", "end": "00:22:16", "text": "balance, a hybrid model of sorts where"}, {"start": "00:22:14", "end": "00:22:19", "text": "decentralized rails coexist with"}, {"start": "00:22:16", "end": "00:22:23", "text": "responsible centralized entities that"}, {"start": "00:22:19", "end": "00:22:25", "text": "keep users and capital safe. But well,"}, {"start": "00:22:23", "end": "00:22:27", "text": "what do you think? Would this new hybrid"}, {"start": "00:22:25", "end": "00:22:30", "text": "approach be a betrayal of Satoshi's"}, {"start": "00:22:27", "end": "00:22:31", "text": "original vision, or is it simply the"}, {"start": "00:22:30", "end": "00:22:34", "text": "only version that can realistically work"}, {"start": "00:22:31", "end": "00:22:36", "text": "at scale? Let us know your thoughts in"}, {"start": "00:22:34", "end": "00:22:38", "text": "the comments below. If you want to learn"}, {"start": "00:22:36", "end": "00:22:41", "text": "more about Tether's upcoming audit, then"}, {"start": "00:22:38", "end": "00:22:43", "text": "check out the video over here. And if"}, {"start": "00:22:41", "end": "00:22:45", "text": "you want to see why institutions are"}, {"start": "00:22:43", "end": "00:22:47", "text": "still bullish on crypto, then check out"}, {"start": "00:22:45", "end": "00:22:49", "text": "the video right here. Okay, thank you"}, {"start": "00:22:47", "end": "00:22:54", "text": "all for watching and I'll see you again"}, {"start": "00:22:49", "end": "00:22:54", "text": "soon. This is Guy. Over and out."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The Clarity Act is being painted as an inevitable�\nlegislative victory that will permanently��"}, {"start": "00:00:04", "end": "00:00:10", "text": "secure the future of cryptocurrency. However,�\nexamining the actual legislative text and the��"}, {"start": "00:00:10", "end": "00:00:16", "text": "rapidly closing congressional calendar reveals�\na completely different reality orchestrated by��"}, {"start": "00:00:16", "end": "00:00:22", "text": "legacy banking institutions. A hidden regulatory�\ncompromise regarding stable coin yields threatens��"}, {"start": "00:00:22", "end": "00:00:29", "text": "to completely centralize digital asset rewards.�\nWhile the White House crypto office sits entirely��"}, {"start": "00:00:29", "end": "00:00:35", "text": "vacant, this coordinated bureaucratic delay is�\nengineered to trap your purchasing power inside��"}, {"start": "00:00:35", "end": "00:00:41", "text": "traditional financial infrastructure just as�\na massive macroeconomic deadline approaches.��"}, {"start": "00:00:41", "end": "00:00:46", "text": "My name is Lewis and you're watching the Coin�\nBureau. First, let's get the numbers straight��"}, {"start": "00:00:46", "end": "00:00:52", "text": "so that we could get a sense of the size of�\nthe pile that Tradi is looking to gobble up.��"}, {"start": "00:00:52", "end": "00:00:59", "text": "The total stable coin market cap has recently�\nexploded to approximately $315 billion. And to��"}, {"start": "00:00:59", "end": "00:01:05", "text": "put that massive sum into proper perspective, you�\nneed to look at the actual transaction throughput��"}, {"start": "00:01:05", "end": "00:01:11", "text": "occurring on these decentralized networks. In�\nFebruary of 2026, monthly stablecoin transaction��"}, {"start": "00:01:11", "end": "00:01:19", "text": "volume officially hit $7.2 trillion. That�\nspecific transaction volume actually surpassed��"}, {"start": "00:01:19", "end": "00:01:25", "text": "the United States automated clearing house�\nnetwork for the first time in history. Stable��"}, {"start": "00:01:25", "end": "00:01:32", "text": "coins now account for an astonishing 75% of�\nall cryptocurrency trading volume worldwide.��"}, {"start": "00:01:32", "end": "00:01:38", "text": "This represents a parallel financial architecture�\nthat operates entirely outside the traditional��"}, {"start": "00:01:38", "end": "00:01:43", "text": "banking cartel and with unparalleled efficiency.�\nStandard chartered analysts are currently��"}, {"start": "00:01:43", "end": "00:01:50", "text": "projecting that this specific sector will reach�\n$2 trillion by the year 2028 under favorable��"}, {"start": "00:01:50", "end": "00:01:56", "text": "regulatory conditions. But this exceptional�\ngrowth has triggered panic among traditional��"}, {"start": "00:01:56", "end": "00:02:01", "text": "banking institutions who view these yieldbearing�\ndigital assets as an existential threat to their��"}, {"start": "00:02:01", "end": "00:02:08", "text": "core business model. Furthermore, 11 different�\ncrypto companies filed for or received conditional��"}, {"start": "00:02:08", "end": "00:02:15", "text": "national trust bank charters within a highly�\ncompressed 83-day window ending in early March.��"}, {"start": "00:02:15", "end": "00:02:20", "text": "The crypto industry is aggressively building out�\ninstitutional-grade infrastructure regardless��"}, {"start": "00:02:20", "end": "00:02:24", "text": "of whether Congress provides a clear�\nfederal framework or not. Meanwhile,��"}, {"start": "00:02:24", "end": "00:02:30", "text": "the American Bankers Association recognized that�\nif stable coins are allowed to pay a 4 to 5%��"}, {"start": "00:02:30", "end": "00:02:36", "text": "annual yield on standard balances, customers will�\nimmediately trigger a massive deposit flight from��"}, {"start": "00:02:36", "end": "00:02:41", "text": "traditional savings accounts that typically�\npay less than half of a percent. I mean,��"}, {"start": "00:02:41", "end": "00:02:46", "text": "do you really need an accountancy qualification�\nto know that that's a good deal? Therefore,��"}, {"start": "00:02:46", "end": "00:02:53", "text": "the banking sector has spent an unprecedented�\n56.7 million aggressively lobbying the Senate��"}, {"start": "00:02:53", "end": "00:02:58", "text": "Banking Committee to completely eliminate any�\nprovisions allowing cryptocurrency exchanges��"}, {"start": "00:02:58", "end": "00:03:03", "text": "to pass those yields onto retail investors.�\nThis relentless financial pressure resulted��"}, {"start": "00:03:03", "end": "00:03:09", "text": "in the Tillis Also Brooks compromise brokered in�\nlate March this year. This specific legislative��"}, {"start": "00:03:09", "end": "00:03:14", "text": "maneuver explicitly bans passive yield, which is�\nthe interest that you earn simply for holding a��"}, {"start": "00:03:14", "end": "00:03:20", "text": "stable coin in your digital wallet. However, the�\ncompromise technically permits what lawmakers��"}, {"start": "00:03:20", "end": "00:03:26", "text": "are calling activity-based rewards, which sounds�\nlike a reasonable middle ground for the industry.��"}, {"start": "00:03:26", "end": "00:03:31", "text": "However, the fundamental structural flaw with this�\ncompromise is that absolutely nobody in Washington��"}, {"start": "00:03:31", "end": "00:03:38", "text": "has actually defined what activity-based legally�\nmeans. The legislation grants federal regulatory��"}, {"start": "00:03:38", "end": "00:03:44", "text": "agencies a full 12 months after the bill passes to�\ndraft the precise definitions of these permitted��"}, {"start": "00:03:44", "end": "00:03:50", "text": "activities. So put simply, the government is�\ndemanding that the crypto industry accept a��"}, {"start": "00:03:50", "end": "00:03:55", "text": "massive restriction on its business model today�\nin exchange for a regulatory definition that will��"}, {"start": "00:03:55", "end": "00:04:01", "text": "be written behind closed doors a year from now.�\nThis creates a scenario where DeFi protocols could��"}, {"start": "00:04:01", "end": "00:04:06", "text": "be fundamentally crippled while they wait for�\nhostile regulatory agencies to determine whether��"}, {"start": "00:04:06", "end": "00:04:12", "text": "their specific yield mechanics are legally�\npermissible. Beyond DeFi, major centralized��"}, {"start": "00:04:12", "end": "00:04:17", "text": "crypto platforms like Coinbase currently derive�\nover 25% of their total corporate revenue from��"}, {"start": "00:04:17", "end": "00:04:23", "text": "stable coin operations. So, if this yield ban�\npasses without explicitly defined protections,��"}, {"start": "00:04:23", "end": "00:04:28", "text": "it could devastate the revenue models of the�\nlargest digital asset infrastructure providers��"}, {"start": "00:04:28", "end": "00:04:34", "text": "in the United States. Senator Angela Ulserbrooks�\npublicly acknowledged that this highly ambiguous��"}, {"start": "00:04:34", "end": "00:04:40", "text": "text will leave both bankers and crypto firms�\nunhappy. But that minor unhappiness for a banker��"}, {"start": "00:04:40", "end": "00:04:46", "text": "translates directly into a catastrophic loss of�\nyield generation for the everyday retail investor��"}, {"start": "00:04:46", "end": "00:04:52", "text": "using decentralized protocols. And speaking of�\ntracking these massive institutional power plays��"}, {"start": "00:04:52", "end": "00:04:57", "text": "before they hit the mainstream headlines, well,�\nthis is exactly why you need the Coin Bureau Club.��"}, {"start": "00:04:57", "end": "00:05:02", "text": "This is where we share the latest breaking news,�\nprovide a deep dive alpha, and give you the most��"}, {"start": "00:05:02", "end": "00:05:08", "text": "important market updates. Whether it is a hidden�\nclause in a newly proposed regulatory framework,��"}, {"start": "00:05:08", "end": "00:05:14", "text": "or a sudden shift in congressional voting blocks,�\nour community members always see it first. So,��"}, {"start": "00:05:14", "end": "00:05:18", "text": "sign up today by using the link down below or�\nby scanning the QR code currently displayed��"}, {"start": "00:05:18", "end": "00:05:23", "text": "on your screen. Okay, let's return to�\nthe supposedly bullish regulatory green��"}, {"start": "00:05:23", "end": "00:05:28", "text": "light that some have been celebrating�\nover the past few weeks. On March 17th,��"}, {"start": "00:05:28", "end": "00:05:35", "text": "the SEC and the CFTC issued a landmark 68page�\njoint interpretive release. This established��"}, {"start": "00:05:35", "end": "00:05:41", "text": "a formal taxonomy that officially classified 16�\nmajor digital assets including Bitcoin, Ethereum,��"}, {"start": "00:05:41", "end": "00:05:48", "text": "Salana, and XRP as digital commodities. Because�\nthese specific assets represent approximately 80%��"}, {"start": "00:05:48", "end": "00:05:53", "text": "of the total crypto market cap, this was widely�\nperceived as a massive victory that permanently��"}, {"start": "00:05:53", "end": "00:06:00", "text": "shifted oversight to the more industryfriendly�\nCFTC. But there's a gremlin hidden in the small��"}, {"start": "00:06:00", "end": "00:06:06", "text": "print. This document is completely exempt from the�\nstandard notice and comment rulemaking process,��"}, {"start": "00:06:06", "end": "00:06:12", "text": "which means that it carries absolutely no binding�\nlegal authority in a federal court. It's merely��"}, {"start": "00:06:12", "end": "00:06:17", "text": "an interpretive release, which means that any�\nfuture regulatory administration can completely��"}, {"start": "00:06:17", "end": "00:06:25", "text": "erase this commodity classification overnight�\nwithout requiring a single vote from Congress. SEC��"}, {"start": "00:06:25", "end": "00:06:31", "text": "Chair Paul Atkins explicitly described this joint�\nguidance as an important bridge while Congress��"}, {"start": "00:06:31", "end": "00:06:37", "text": "continues its legislative work, implicitly�\nacknowledging its entirely temporary nature.��"}, {"start": "00:06:37", "end": "00:06:42", "text": "Without the Clarity Act to permanently codify�\nthese classifications into federal stature, well,��"}, {"start": "00:06:42", "end": "00:06:49", "text": "the entire digital asset industry remains trapped�\nin a state of perpetual regulatory fragility. This��"}, {"start": "00:06:49", "end": "00:06:56", "text": "is precisely why 66% of institutional investors�\nsurveyed by Ernston Young still cite regulatory��"}, {"start": "00:06:56", "end": "00:07:02", "text": "uncertainty as their primary barrier to deploying�\ncapital even after this joint release was��"}, {"start": "00:07:02", "end": "00:07:07", "text": "published. You might assume that the White House�\nwould be aggressively pushing to finalize this��"}, {"start": "00:07:07", "end": "00:07:13", "text": "legislation to secure its stated goal of making�\nthe United States the cryptocurrency capital of��"}, {"start": "00:07:13", "end": "00:07:18", "text": "the world. Unfortunately though, the executive�\nbranch has completely abandoned its operational��"}, {"start": "00:07:18", "end": "00:07:24", "text": "influence over this critical market structure bill�\nat the absolute worst possible moment. On March��"}, {"start": "00:07:24", "end": "00:07:31", "text": "26th, David Saxs officially departed from his role�\nas the White House AI and cryptozar after hitting��"}, {"start": "00:07:31", "end": "00:07:38", "text": "the 130day statutory limit for special government�\nemployees. And instead of transitioning into a��"}, {"start": "00:07:38", "end": "00:07:44", "text": "permanent operational role to guide the Clarity�\nAct through the Senate Banking Committee, well,��"}, {"start": "00:07:44", "end": "00:07:51", "text": "he moved to an external advisory position as�\nthe co-chair of PCAST, an advisory council that��"}, {"start": "00:07:51", "end": "00:07:57", "text": "produces external reports rather than actively�\nnegotiating legislative text with hostile banking��"}, {"start": "00:07:57", "end": "00:08:04", "text": "lobbyists in closed doors Capitol Hill sessions.�\nThe White House has meanwhile officially confirmed��"}, {"start": "00:08:04", "end": "00:08:09", "text": "that it will not appoint a replacement for the�\ncryptozar position, leaving the administration��"}, {"start": "00:08:09", "end": "00:08:15", "text": "without a dedicated legislative pointman. Now, the�\nshift from an operational cryptozar to an external��"}, {"start": "00:08:15", "end": "00:08:22", "text": "advisory council represents a massive surrender of�\nexecutive influence at the exact moment that the��"}, {"start": "00:08:22", "end": "00:08:28", "text": "industry needs a powerful advocate the most. This�\nleadership vacuum essentially guarantees that the��"}, {"start": "00:08:28", "end": "00:08:33", "text": "final legislative text will be heavily influenced�\nby the traditional finance sector rather than the��"}, {"start": "00:08:33", "end": "00:08:40", "text": "decentralized technology pioneers. And what's more�\nis that this administrative abandonment leads us��"}, {"start": "00:08:40", "end": "00:08:44", "text": "directly into the massive political bottleneck�\nthat is currently threatening to destroy the��"}, {"start": "00:08:44", "end": "00:08:50", "text": "Clarity Act immediately. The legislation�\nis currently being bundled alongside highly��"}, {"start": "00:08:50", "end": "00:08:56", "text": "contentious housing policy reforms and�\ncommunity bank deregulation packages. And��"}, {"start": "00:08:56", "end": "00:09:01", "text": "whenever politicians attach completely unrelated�\nlegislative provisions to a critical market��"}, {"start": "00:09:01", "end": "00:09:07", "text": "structure bill, they exponentially increase the�\nnumber of potential veto points that can derail��"}, {"start": "00:09:07", "end": "00:09:13", "text": "the entire process. And the congressional calendar�\nis rapidly approaching a breaking point that the��"}, {"start": "00:09:13", "end": "00:09:19", "text": "crypto market is completely underestimating.�\nSenator Bernie Marino has explicitly warned��"}, {"start": "00:09:19", "end": "00:09:25", "text": "that if the Clarity Act does not reach the Senate�\nfloor for a full vote by the Memorial Day recess,��"}, {"start": "00:09:25", "end": "00:09:29", "text": "well, the legislation will effectively�\ndie. Once the summer recess begins,��"}, {"start": "00:09:29", "end": "00:09:35", "text": "the entire political apparatus will pivot towards�\nthe November 2026 midterm elections, making��"}, {"start": "00:09:35", "end": "00:09:41", "text": "complex financial legislation far too toxic for�\nany vulnerable politician to support. Prediction��"}, {"start": "00:09:41", "end": "00:09:48", "text": "markets like Poly Market are currently giving the�\nbill approximately 64% odds of passing this year,��"}, {"start": "00:09:48", "end": "00:09:53", "text": "which shows extreme sensitivity to every single�\nrumor emerging from the banking committee.��"}, {"start": "00:09:53", "end": "00:09:59", "text": "However, institutional prediction platforms like�\nKalshi are showing a miserable 30% likelihood of��"}, {"start": "00:09:59", "end": "00:10:06", "text": "passing before June, reflecting the grim reality�\nof this highly compressed legislative timeline.��"}, {"start": "00:10:06", "end": "00:10:12", "text": "Now, if this bill fails to pass before the midterm�\nelection freeze this congressional calendar,��"}, {"start": "00:10:12", "end": "00:10:17", "text": "the consequences for the global macroeconomic�\nlandscape will be absolutely devastating.��"}, {"start": "00:10:17", "end": "00:10:22", "text": "The crypto industry will be forced to revert�\nto the fragile interpretive framework that can��"}, {"start": "00:10:22", "end": "00:10:28", "text": "be instantly revoked by whichever political�\nfaction assumes power next year. We would��"}, {"start": "00:10:28", "end": "00:10:32", "text": "witness a catastrophic acceleration of capital�\nflight as innovative blockchain developers��"}, {"start": "00:10:32", "end": "00:10:37", "text": "permanently relocate their operations to�\njurisdictions like Singapore. Meanwhile,��"}, {"start": "00:10:37", "end": "00:10:45", "text": "the $74.9 billion currently being held within spot�\nBitcoin ETFs will simply sit inside institutional��"}, {"start": "00:10:45", "end": "00:10:51", "text": "cold storage vaults managed by legacy asset�\nmanagers like Black Rockck. TRFI will successfully��"}, {"start": "00:10:51", "end": "00:10:56", "text": "monopolize the underlying supply of digital�\ncommodities while simultaneously ensuring that��"}, {"start": "00:10:56", "end": "00:11:03", "text": "the decentralized infrastructure required for true�\nfinancial sovereignty remains legally paralyzed.��"}, {"start": "00:11:03", "end": "00:11:08", "text": "The legacy banking system is actively weaponizing�\nthe legislative calendar to ensure that you are��"}, {"start": "00:11:08", "end": "00:11:14", "text": "permanently separated from the gains generated�\nby decentralized technology. They are desperately��"}, {"start": "00:11:14", "end": "00:11:20", "text": "trying to force your digital assets back into�\ntheir fee extracting custodial products by��"}, {"start": "00:11:20", "end": "00:11:26", "text": "deliberately starving the broader cryptocurrency�\necosystem of permanent legal clarity. Furthermore,��"}, {"start": "00:11:26", "end": "00:11:30", "text": "if controls of the House or Senate flips�\nduring the upcoming midterm elections,��"}, {"start": "00:11:30", "end": "00:11:36", "text": "the entire legislative process will be forced�\nto restart from zero in 2027. This would mean��"}, {"start": "00:11:36", "end": "00:11:42", "text": "enduring another massive wave of regulation by�\nenforcement, while the legacy financial system��"}, {"start": "00:11:42", "end": "00:11:48", "text": "continues to relentlessly absorb the foundational�\narchitecture of the crypto market. On one hand,��"}, {"start": "00:11:48", "end": "00:11:54", "text": "the SEC and the CFTC have provided a temporary�\nregulatory bridge that technically classifies��"}, {"start": "00:11:54", "end": "00:12:00", "text": "the majority of the crypto market as digital�\ncommodities rather than unregistered securities.��"}, {"start": "00:12:00", "end": "00:12:06", "text": "On the other hand, this bureaucratic guidance is�\ncompletely uninforceable in court and serves as��"}, {"start": "00:12:06", "end": "00:12:11", "text": "a dangerous distraction from the rapidly closing�\nlegislative window for the Clarity Act. Time is��"}, {"start": "00:12:11", "end": "00:12:18", "text": "running out. But what do you think? Will the�\nSenate manage to pass this critical market��"}, {"start": "00:12:18", "end": "00:12:23", "text": "structure bill before the midterm election�\nfreeze takes effect? Or do you think that��"}, {"start": "00:12:23", "end": "00:12:28", "text": "the traditional banking cartel has already�\nsuccessfully orchestrated the permanent delay��"}, {"start": "00:12:28", "end": "00:12:33", "text": "of decentralized financial infrastructure? Let�\nme know your thoughts on this massive regulatory��"}, {"start": "00:12:33", "end": "00:12:38", "text": "battle down in the comments below. And if you�\nwant to understand exactly how institutional��"}, {"start": "00:12:38", "end": "00:12:44", "text": "asset managers are fundamentally altering the�\nunderlying mechanics of the Bitcoin network,��"}, {"start": "00:12:44", "end": "00:12:49", "text": "then you should definitely check out our�\ndeep dive video right over here. Thank you��"}, {"start": "00:12:49", "end": "00:12:54", "text": "all so much for watching and I'll see you�\nagain very soon. This is Lewis signing off."}]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[{"start": "00:00:00", "end": "00:00:05", "text": "A lot of actually crypton natives lost a"}, {"start": "00:00:03", "end": "00:00:07", "text": "lot of money. So many people got wiped"}, {"start": "00:00:05", "end": "00:00:10", "text": "out on the 10th of October last year."}, {"start": "00:00:07", "end": "00:00:12", "text": "Approximately 1.6 million people got"}, {"start": "00:00:10", "end": "00:00:14", "text": "liquidated. A lot of people were really"}, {"start": "00:00:12", "end": "00:00:16", "text": "sad overnight. Lost their entire"}, {"start": "00:00:14", "end": "00:00:18", "text": "capitals. A lot of people have lost"}, {"start": "00:00:16", "end": "00:00:19", "text": "their jobs over the last couple of"}, {"start": "00:00:18", "end": "00:00:21", "text": "months. Um not only"}, {"start": "00:00:19", "end": "00:00:23", "text": ">> in the crypto in the crypto industry."}, {"start": "00:00:21", "end": "00:00:26", "text": ">> Yes. Do you think Bitcoin could be"}, {"start": "00:00:23", "end": "00:00:29", "text": "heading towards you know the 50s uh"}, {"start": "00:00:26", "end": "00:00:31", "text": "below 60k let's say to the 50k to 60k"}, {"start": "00:00:29", "end": "00:00:34", "text": "region? Is that something you think is a"}, {"start": "00:00:31", "end": "00:00:34", "text": "probability"}, {"start": "00:00:41", "end": "00:00:45", "text": "Alexander? So the key thing I want to"}, {"start": "00:00:42", "end": "00:00:48", "text": "talk with you about is listen as we all"}, {"start": "00:00:45", "end": "00:00:50", "text": "know Bitcoin has had a 50% drop from its"}, {"start": "00:00:48", "end": "00:00:52", "text": "all-time highs to the lows that it uh"}, {"start": "00:00:50", "end": "00:00:55", "text": "recently dropped down to. I'm assuming I"}, {"start": "00:00:52", "end": "00:00:56", "text": "mean someone like yourself who is much"}, {"start": "00:00:55", "end": "00:00:59", "text": "more involved in the crypto industry"}, {"start": "00:00:56", "end": "00:01:01", "text": "than I am. Uh I mean you're in the heart"}, {"start": "00:00:59", "end": "00:01:03", "text": "of what's going on I mean you know in"}, {"start": "00:01:01", "end": "00:01:04", "text": "the crypto world. How would you say"}, {"start": "00:01:03", "end": "00:01:07", "text": "people in general uh well let's go with"}, {"start": "00:01:04", "end": "00:01:08", "text": "professionals. We'll come to retail and"}, {"start": "00:01:07", "end": "00:01:12", "text": "general people later but how have"}, {"start": "00:01:08", "end": "00:01:15", "text": "professionals reacted uh towards this"}, {"start": "00:01:12", "end": "00:01:17", "text": "big drop in the price of Bitcoin? um is"}, {"start": "00:01:15", "end": "00:01:20", "text": "it something they expected and I guess"}, {"start": "00:01:17", "end": "00:01:23", "text": "if not uh how has it changed their"}, {"start": "00:01:20", "end": "00:01:24", "text": "attitude their mood or the sentiment?"}, {"start": "00:01:23", "end": "00:01:26", "text": "Yeah, I think definitely an interesting"}, {"start": "00:01:24", "end": "00:01:29", "text": "question, right? What we quite often saw"}, {"start": "00:01:26", "end": "00:01:32", "text": "in the past is when drip co bitcoin"}, {"start": "00:01:29", "end": "00:01:34", "text": "drops dripcoin, it's also dripping down."}, {"start": "00:01:32", "end": "00:01:36", "text": "If Bitcoin drops pretty pretty"}, {"start": "00:01:34", "end": "00:01:38", "text": "massively, right, we see quite often"}, {"start": "00:01:36", "end": "00:01:40", "text": "that there's like an inherent shock"}, {"start": "00:01:38", "end": "00:01:43", "text": "caused by something in the crypto"}, {"start": "00:01:40", "end": "00:01:45", "text": "system. Um, this time, you know, the"}, {"start": "00:01:43", "end": "00:01:46", "text": "recent bare market or winter isn't"}, {"start": "00:01:45", "end": "00:01:48", "text": "really caused by that. Uh what we've"}, {"start": "00:01:46", "end": "00:01:51", "text": "seen of course is what was a little bit"}, {"start": "00:01:48", "end": "00:01:54", "text": "of a shock was the um drop that we saw"}, {"start": "00:01:51", "end": "00:01:55", "text": "in October last year. Obviously there"}, {"start": "00:01:54", "end": "00:01:57", "text": "were a lot of overlever type of"}, {"start": "00:01:55", "end": "00:02:00", "text": "positions that got knocked out and"}, {"start": "00:01:57", "end": "00:02:02", "text": "really created this cascading effect."}, {"start": "00:02:00", "end": "00:02:04", "text": "Now to your question what I back then"}, {"start": "00:02:02", "end": "00:02:07", "text": "saw is that a lot of actually"}, {"start": "00:02:04", "end": "00:02:08", "text": "cryptonatives lost a lot of capital, a"}, {"start": "00:02:07", "end": "00:02:11", "text": "lot of money. So many people got wiped"}, {"start": "00:02:08", "end": "00:02:13", "text": "out on the 10th of October last year. A"}, {"start": "00:02:11", "end": "00:02:16", "text": "crypton native would probably be someone"}, {"start": "00:02:13", "end": "00:02:19", "text": "who has been in in the crypto space for"}, {"start": "00:02:16", "end": "00:02:22", "text": "quite some time either as a trader or"}, {"start": "00:02:19", "end": "00:02:24", "text": "perhaps someone who almost like works in"}, {"start": "00:02:22", "end": "00:02:26", "text": "the industry or works in the industry."}, {"start": "00:02:24", "end": "00:02:28", "text": "So perhaps a founder or a developer or"}, {"start": "00:02:26", "end": "00:02:31", "text": "someone who brings in professional"}, {"start": "00:02:28", "end": "00:02:34", "text": "capital. Um in any case I think that"}, {"start": "00:02:31", "end": "00:02:37", "text": "many of those people got um wiped out"}, {"start": "00:02:34", "end": "00:02:40", "text": "overnight. Approximately 1.6 million"}, {"start": "00:02:37", "end": "00:02:42", "text": "people got liquidated. um if I'm not"}, {"start": "00:02:40", "end": "00:02:45", "text": "mistaken on the 10th of October and that"}, {"start": "00:02:42", "end": "00:02:47", "text": "actually did cause quite some concern"}, {"start": "00:02:45", "end": "00:02:49", "text": "amongst crypto people because we started"}, {"start": "00:02:47", "end": "00:02:51", "text": "to think hey these things are not really"}, {"start": "00:02:49", "end": "00:02:53", "text": "happening anymore but still like this"}, {"start": "00:02:51", "end": "00:02:56", "text": "massive cascading effect did actually"}, {"start": "00:02:53", "end": "00:02:59", "text": "show that liquidity was kind of thin and"}, {"start": "00:02:56", "end": "00:03:01", "text": "that a drop down can really be yeah"}, {"start": "00:02:59", "end": "00:03:02", "text": "escalating fundamentally and hurting a"}, {"start": "00:03:01", "end": "00:03:04", "text": "lot of people. A lot of people were"}, {"start": "00:03:02", "end": "00:03:06", "text": "really sad overnight lost their entire"}, {"start": "00:03:04", "end": "00:03:10", "text": "capitals. So that is definitely"}, {"start": "00:03:06", "end": "00:03:11", "text": "something um maybe their entire capital."}, {"start": "00:03:10", "end": "00:03:13", "text": ">> Yeah, a lot a lot of people actually."}, {"start": "00:03:11", "end": "00:03:16", "text": "Yes. Uh I've heard terrible stories"}, {"start": "00:03:13", "end": "00:03:20", "text": "actually of very sad people who um Yeah."}, {"start": "00:03:16", "end": "00:03:21", "text": "who who were fundamentally hurt. Um yes,"}, {"start": "00:03:20", "end": "00:03:22", "text": "definitely."}, {"start": "00:03:21", "end": "00:03:24", "text": ">> When you say they lost their capital, is"}, {"start": "00:03:22", "end": "00:03:24", "text": "that because they were leveraged?"}, {"start": "00:03:24", "end": "00:03:25", "text": ">> Yes."}, {"start": "00:03:24", "end": "00:03:28", "text": ">> Okay."}, {"start": "00:03:25", "end": "00:03:32", "text": ">> Indeed. Yes. Um most definitely. I think"}, {"start": "00:03:28", "end": "00:03:33", "text": "that that was one event, right? Um now I"}, {"start": "00:03:32", "end": "00:03:36", "text": "think that generally the general trend"}, {"start": "00:03:33", "end": "00:03:39", "text": "where we were re re retracting quite a"}, {"start": "00:03:36", "end": "00:03:40", "text": "bit recently. I think that what we have"}, {"start": "00:03:39", "end": "00:03:42", "text": "seen is that uh a lot of people were"}, {"start": "00:03:40", "end": "00:03:44", "text": "expecting it. If you look at for"}, {"start": "00:03:42", "end": "00:03:46", "text": "instance where funding is going from"}, {"start": "00:03:44", "end": "00:03:50", "text": "professional investors we have seen this"}, {"start": "00:03:46", "end": "00:03:52", "text": "hot AI hype right over the last one two"}, {"start": "00:03:50", "end": "00:03:55", "text": "years fundamentally a lot of the funding"}, {"start": "00:03:52", "end": "00:03:56", "text": "has already been kind of like redirected"}, {"start": "00:03:55", "end": "00:04:00", "text": "from crypto investments from"}, {"start": "00:03:56", "end": "00:04:03", "text": "professional invest investors towards uh"}, {"start": "00:04:00", "end": "00:04:06", "text": "this shiny hot thing called AI right so"}, {"start": "00:04:03", "end": "00:04:08", "text": "in that way also we have seen yeah we"}, {"start": "00:04:06", "end": "00:04:12", "text": "could have expected also the prices to"}, {"start": "00:04:08", "end": "00:04:14", "text": "drop quite a little bit alongside that"}, {"start": "00:04:12", "end": "00:04:16", "text": "um what I would also say is that we"}, {"start": "00:04:14", "end": "00:04:19", "text": "fundamentally realize as a crypto"}, {"start": "00:04:16", "end": "00:04:22", "text": "industry these days that if you like it"}, {"start": "00:04:19", "end": "00:04:24", "text": "or not that that very much depends a"}, {"start": "00:04:22", "end": "00:04:26", "text": "crypto nowadays specifically Bitcoin is"}, {"start": "00:04:24", "end": "00:04:28", "text": "so much macrodriven whilst in the past"}, {"start": "00:04:26", "end": "00:04:30", "text": "it was I know maybe you don't agree with"}, {"start": "00:04:28", "end": "00:04:33", "text": "that but it was fundamentally driven by"}, {"start": "00:04:30", "end": "00:04:36", "text": "the internal mechanics of how bitcoin"}, {"start": "00:04:33", "end": "00:04:39", "text": "works and is issued right and is mined"}, {"start": "00:04:36", "end": "00:04:41", "text": "so yeah a couple of factors there uh"}, {"start": "00:04:39", "end": "00:04:43", "text": "with regards to how people have"}, {"start": "00:04:41", "end": "00:04:45", "text": "experienced the last couple of months."}, {"start": "00:04:43", "end": "00:04:46", "text": "If I may add one final thing."}, {"start": "00:04:45", "end": "00:04:48", "text": ">> No. Yeah. Yeah. Sure."}, {"start": "00:04:46", "end": "00:04:50", "text": ">> A lot of people have lost their jobs"}, {"start": "00:04:48", "end": "00:04:50", "text": "over the last couple of months. Um not"}, {"start": "00:04:50", "end": "00:04:52", "text": "only"}, {"start": "00:04:50", "end": "00:04:53", "text": ">> in the crypto in the crypto industry"}, {"start": "00:04:52", "end": "00:04:53", "text": "crypto."}, {"start": "00:04:53", "end": "00:04:55", "text": ">> Yes."}, {"start": "00:04:53", "end": "00:04:57", "text": ">> How did that how did that happen?"}, {"start": "00:04:55", "end": "00:04:59", "text": ">> Well, not only because generally there"}, {"start": "00:04:57", "end": "00:05:01", "text": "is less liquidity coming in from those"}, {"start": "00:04:59", "end": "00:05:03", "text": "professional investors like I just said."}, {"start": "00:05:01", "end": "00:05:05", "text": "So startups and companies, right? They"}, {"start": "00:05:03", "end": "00:05:07", "text": "have all less money fundamentally and"}, {"start": "00:05:05", "end": "00:05:10", "text": "they have to cut people out. Also there"}, {"start": "00:05:07", "end": "00:05:14", "text": "is of course the whole AI uh factor"}, {"start": "00:05:10", "end": "00:05:16", "text": "which makes that also people um"}, {"start": "00:05:14", "end": "00:05:17", "text": "specifically some developers have been"}, {"start": "00:05:16", "end": "00:05:19", "text": "losing their jobs. So the people that"}, {"start": "00:05:17", "end": "00:05:22", "text": "write the code right for these products"}, {"start": "00:05:19", "end": "00:05:24", "text": "out there um some of them are being"}, {"start": "00:05:22", "end": "00:05:27", "text": "totally replaced or partially replaced"}, {"start": "00:05:24", "end": "00:05:30", "text": "uh by AI. So those are definitely uh two"}, {"start": "00:05:27", "end": "00:05:33", "text": "factors. Um, and I think that also"}, {"start": "00:05:30", "end": "00:05:36", "text": "generally with there being a lot less"}, {"start": "00:05:33", "end": "00:05:38", "text": "market money in the market, it also"}, {"start": "00:05:36", "end": "00:05:41", "text": "trickles down less to other companies"}, {"start": "00:05:38", "end": "00:05:44", "text": "that serve the crypto industry such as"}, {"start": "00:05:41", "end": "00:05:47", "text": "lawyers or marketeteers. So basically if"}, {"start": "00:05:44", "end": "00:05:49", "text": "we have less influx from outside both"}, {"start": "00:05:47", "end": "00:05:51", "text": "from professional investors but also"}, {"start": "00:05:49", "end": "00:05:54", "text": "from retail which of course has been"}, {"start": "00:05:51", "end": "00:05:56", "text": "happening overall that trickle down in"}, {"start": "00:05:54", "end": "00:05:58", "text": "the professional crypto industry if you"}, {"start": "00:05:56", "end": "00:06:01", "text": "want to call it as such and made that"}, {"start": "00:05:58", "end": "00:06:03", "text": "yeah then people are some people are a"}, {"start": "00:06:01", "end": "00:06:04", "text": "little down not everyone. Okay, so we"}, {"start": "00:06:03", "end": "00:06:06", "text": "talked about professionals, their"}, {"start": "00:06:04", "end": "00:06:08", "text": "attitudes. What about retail? Uh what"}, {"start": "00:06:06", "end": "00:06:10", "text": "about the average uh ordinary person,"}, {"start": "00:06:08", "end": "00:06:14", "text": "you know, that that in your experience?"}, {"start": "00:06:10", "end": "00:06:15", "text": "How has the sentiment attitudes and mood"}, {"start": "00:06:14", "end": "00:06:18", "text": "changed over there? I mean, I've seen"}, {"start": "00:06:15", "end": "00:06:20", "text": "for myself uh you know, on social media"}, {"start": "00:06:18", "end": "00:06:22", "text": "a lot of negative comments when it comes"}, {"start": "00:06:20", "end": "00:06:24", "text": "to Bitcoin, you know, but tell me from"}, {"start": "00:06:22", "end": "00:06:25", "text": "your own perspective, from your own"}, {"start": "00:06:24", "end": "00:06:28", "text": "experience, what's been happening there?"}, {"start": "00:06:25", "end": "00:06:29", "text": "I think it's normal uh to be perhaps a"}, {"start": "00:06:28", "end": "00:06:32", "text": "bit disappointed if we look at how"}, {"start": "00:06:29", "end": "00:06:34", "text": "Bitcoin really has been performing even"}, {"start": "00:06:32", "end": "00:06:36", "text": "when we were going up last year. It was"}, {"start": "00:06:34", "end": "00:06:39", "text": "still kind of like underperforming,"}, {"start": "00:06:36", "end": "00:06:41", "text": "right? In regards to for instance gold"}, {"start": "00:06:39", "end": "00:06:45", "text": "um and I think with the crypto prices"}, {"start": "00:06:41", "end": "00:06:47", "text": "going down um it's it's really quite um"}, {"start": "00:06:45", "end": "00:06:49", "text": "interesting to see actually that maybe"}, {"start": "00:06:47", "end": "00:06:52", "text": "retail to a great extent has been out of"}, {"start": "00:06:49", "end": "00:06:54", "text": "the market. If we look at really the"}, {"start": "00:06:52", "end": "00:06:56", "text": "where the liquidity has been coming from"}, {"start": "00:06:54", "end": "00:06:58", "text": "and of course this always been speaking"}, {"start": "00:06:56", "end": "00:07:01", "text": "about this right it's the ETFs it's the"}, {"start": "00:06:58", "end": "00:07:03", "text": "institutional money it's stable coins"}, {"start": "00:07:01", "end": "00:07:06", "text": "rather than necessarily the original"}, {"start": "00:07:03", "end": "00:07:10", "text": "crypto coins being very very hot a lot"}, {"start": "00:07:06", "end": "00:07:13", "text": "of um liquidity that may have been flown"}, {"start": "00:07:10", "end": "00:07:15", "text": "into Bitcoin or other um assets out"}, {"start": "00:07:13", "end": "00:07:17", "text": "there actually went to stable coins also"}, {"start": "00:07:15", "end": "00:07:21", "text": "from the institutions by the way and"}, {"start": "00:07:17", "end": "00:07:23", "text": "from people that wanted to move um let's"}, {"start": "00:07:21", "end": "00:07:26", "text": "say their assets from slightly more"}, {"start": "00:07:23", "end": "00:07:28", "text": "risky such as Bitcoin to slightly less"}, {"start": "00:07:26", "end": "00:07:30", "text": "risky or actually not really risky that"}, {"start": "00:07:28", "end": "00:07:33", "text": "are stable coins. So what I trying to"}, {"start": "00:07:30", "end": "00:07:35", "text": "mean to say is that the prices have been"}, {"start": "00:07:33", "end": "00:07:38", "text": "going down. There hasn't been a lot of"}, {"start": "00:07:35", "end": "00:07:40", "text": "retail activity logically, but at the"}, {"start": "00:07:38", "end": "00:07:42", "text": "same time, billions and billions have"}, {"start": "00:07:40", "end": "00:07:45", "text": "been pouring in through ETFs directly in"}, {"start": "00:07:42", "end": "00:07:47", "text": "Bitcoin and also Ethereum, whilst a lot"}, {"start": "00:07:45", "end": "00:07:50", "text": "of other capital has also been going"}, {"start": "00:07:47", "end": "00:07:52", "text": "towards stable coins and other assets"}, {"start": "00:07:50", "end": "00:07:54", "text": "that are being put on this complicated"}, {"start": "00:07:52", "end": "00:07:55", "text": "thing called the blockchain, right?"}, {"start": "00:07:54", "end": "00:07:56", "text": ">> What would you say is some of the most"}, {"start": "00:07:55", "end": "00:07:59", "text": "surprising things for you?"}, {"start": "00:07:56", "end": "00:08:02", "text": ">> Ultimately, why are so many people"}, {"start": "00:07:59", "end": "00:08:05", "text": "joining crypto or buying crypto? That is"}, {"start": "00:08:02", "end": "00:08:07", "text": "because of potential financial upside,"}, {"start": "00:08:05", "end": "00:08:09", "text": "but also because some of the people out"}, {"start": "00:08:07", "end": "00:08:11", "text": "there really believe in the adoption of"}, {"start": "00:08:09", "end": "00:08:14", "text": "cryptocurrency, right? Because we live"}, {"start": "00:08:11", "end": "00:08:17", "text": "in a world where fiat currencies are"}, {"start": "00:08:14", "end": "00:08:20", "text": "kind of like tackled by inflation. Um,"}, {"start": "00:08:17", "end": "00:08:23", "text": "monetary streams out there uh can't flow"}, {"start": "00:08:20", "end": "00:08:25", "text": "freely because states are uh you know"}, {"start": "00:08:23", "end": "00:08:27", "text": "maybe uh prohibiting people to take out"}, {"start": "00:08:25", "end": "00:08:30", "text": "the money from the bank or move them"}, {"start": "00:08:27", "end": "00:08:32", "text": "over the bound over borders. So what I"}, {"start": "00:08:30", "end": "00:08:34", "text": "really mean here is I think it's really"}, {"start": "00:08:32", "end": "00:08:38", "text": "interesting. We are seeing more and more"}, {"start": "00:08:34", "end": "00:08:40", "text": "of a split between people that are"}, {"start": "00:08:38", "end": "00:08:44", "text": "attached also in the professional"}, {"start": "00:08:40", "end": "00:08:46", "text": "industry to the core ethos of crypto as"}, {"start": "00:08:44", "end": "00:08:47", "text": "a free type of money right out there"}, {"start": "00:08:46", "end": "00:08:49", "text": "that is going to make the world a better"}, {"start": "00:08:47", "end": "00:08:51", "text": "place. And on the other hand side we see"}, {"start": "00:08:49", "end": "00:08:53", "text": "the people who are very much in favor of"}, {"start": "00:08:51", "end": "00:08:55", "text": "the whole financialization"}, {"start": "00:08:53", "end": "00:08:57", "text": "of everything. And what I mean with that"}, {"start": "00:08:55", "end": "00:09:00", "text": "is that institutions and governments and"}, {"start": "00:08:57", "end": "00:09:02", "text": "all sorts of big shots right from Wall"}, {"start": "00:09:00", "end": "00:09:04", "text": "Street are getting their hands more and"}, {"start": "00:09:02", "end": "00:09:07", "text": "more into crypto and the Bitcoin and the"}, {"start": "00:09:04", "end": "00:09:09", "text": "Ethereum and and whatnot industry. So"}, {"start": "00:09:07", "end": "00:09:11", "text": "what I find interesting is that we start"}, {"start": "00:09:09", "end": "00:09:13", "text": "to see kind of like this split out there"}, {"start": "00:09:11", "end": "00:09:15", "text": "between the two groups more ideological"}, {"start": "00:09:13", "end": "00:09:17", "text": "driven values driven and then the more"}, {"start": "00:09:15", "end": "00:09:20", "text": "valued driven people on the other hand"}, {"start": "00:09:17", "end": "00:09:22", "text": "side that is definitely a split a"}, {"start": "00:09:20", "end": "00:09:23", "text": "disconnect almost. Um I want to ask just"}, {"start": "00:09:22", "end": "00:09:25", "text": "a couple more questions from you. One"}, {"start": "00:09:23", "end": "00:09:29", "text": "about your own point of view about"}, {"start": "00:09:25", "end": "00:09:30", "text": "Bitcoin this year. Uh about where what"}, {"start": "00:09:29", "end": "00:09:32", "text": "price you think it might go to"}, {"start": "00:09:30", "end": "00:09:34", "text": "eventually. Uh before I come to that"}, {"start": "00:09:32", "end": "00:09:36", "text": "though I want to ask you uh about Micro"}, {"start": "00:09:34", "end": "00:09:38", "text": "Strategy. There are some people actually"}, {"start": "00:09:36", "end": "00:09:42", "text": "who mentioned that there's a there's"}, {"start": "00:09:38", "end": "00:09:45", "text": "potential risk that Micro Strategy may"}, {"start": "00:09:42", "end": "00:09:48", "text": "sell its Bitcoin holdings if the price"}, {"start": "00:09:45", "end": "00:09:50", "text": "of Bitcoin drops down to 50K or close to"}, {"start": "00:09:48", "end": "00:09:53", "text": "that region. that maybe Micro Strategy"}, {"start": "00:09:50", "end": "00:09:57", "text": "could be forced perhaps by shareholders"}, {"start": "00:09:53", "end": "00:09:59", "text": "or whoever to sell some of its or maybe"}, {"start": "00:09:57", "end": "00:09:59", "text": "majority of its Bitcoin. What's going on"}, {"start": "00:09:59", "end": "00:10:02", "text": "there?"}, {"start": "00:09:59", "end": "00:10:03", "text": ">> Listen, I personally think everything is"}, {"start": "00:10:02", "end": "00:10:05", "text": "a possibility. You always need to"}, {"start": "00:10:03", "end": "00:10:07", "text": "prepare for the worst case scenario. I"}, {"start": "00:10:05", "end": "00:10:10", "text": "do think that if you look at the total"}, {"start": "00:10:07", "end": "00:10:13", "text": "amount of Bitcoin that is being held by"}, {"start": "00:10:10", "end": "00:10:15", "text": "private and publicly, you know, listed"}, {"start": "00:10:13", "end": "00:10:17", "text": "companies, it's a couple of percent."}, {"start": "00:10:15", "end": "00:10:19", "text": "uh compared to what governments are"}, {"start": "00:10:17", "end": "00:10:22", "text": "holding, what retail is holding, what"}, {"start": "00:10:19", "end": "00:10:24", "text": "whales are holding, um coins that are"}, {"start": "00:10:22", "end": "00:10:27", "text": "lost even, right, of Bitcoin that are in"}, {"start": "00:10:24", "end": "00:10:30", "text": "lost wallets for instance. Yes, the"}, {"start": "00:10:27", "end": "00:10:32", "text": "effect of a massive liquidation of the"}, {"start": "00:10:30", "end": "00:10:35", "text": "Bitcoin of my of strategy I should say"}, {"start": "00:10:32", "end": "00:10:37", "text": "can obviously have an effect both on the"}, {"start": "00:10:35", "end": "00:10:41", "text": "the company itself and also on the on"}, {"start": "00:10:37", "end": "00:10:43", "text": "the on the um total uh liquidity that is"}, {"start": "00:10:41", "end": "00:10:46", "text": "on the market because remember only four"}, {"start": "00:10:43", "end": "00:10:47", "text": "and a half to 5 million bitcoin are kind"}, {"start": "00:10:46", "end": "00:10:49", "text": "of like constantly on the market right"}, {"start": "00:10:47", "end": "00:10:51", "text": "so if suddenly boom I don't know how"}, {"start": "00:10:49", "end": "00:10:53", "text": "many they have right now 300,000 or"}, {"start": "00:10:51", "end": "00:10:55", "text": "something if suddenly those are coming"}, {"start": "00:10:53", "end": "00:10:57", "text": "onto the market freely floating yeah"}, {"start": "00:10:55", "end": "00:11:00", "text": "that can have massive effect on the"}, {"start": "00:10:57", "end": "00:11:03", "text": "price cascading once again. But hey, if"}, {"start": "00:11:00", "end": "00:11:05", "text": "it happens, it happens. This won't be a"}, {"start": "00:11:03", "end": "00:11:07", "text": "crypto problem. This will be a private"}, {"start": "00:11:05", "end": "00:11:08", "text": "or public company problem in my opinion."}, {"start": "00:11:07", "end": "00:11:10", "text": "And um I don't think it's going to"}, {"start": "00:11:08", "end": "00:11:13", "text": "happen because it would undermine their"}, {"start": "00:11:10", "end": "00:11:15", "text": "entire strategy literally of over the"}, {"start": "00:11:13", "end": "00:11:17", "text": "last couple of years. And I I just don't"}, {"start": "00:11:15", "end": "00:11:18", "text": "see it happening. But you never know."}, {"start": "00:11:17", "end": "00:11:20", "text": "You never know."}, {"start": "00:11:18", "end": "00:11:21", "text": ">> Do you have any feelings yourself uh as"}, {"start": "00:11:20", "end": "00:11:23", "text": "to where Bitcoin could be in a few"}, {"start": "00:11:21", "end": "00:11:26", "text": "months? For example, do you think"}, {"start": "00:11:23", "end": "00:11:28", "text": "Bitcoin could be heading towards, you"}, {"start": "00:11:26", "end": "00:11:31", "text": "know, the 50s uh below 60K, let's say to"}, {"start": "00:11:28", "end": "00:11:33", "text": "the 50K to 60K region? Is that something"}, {"start": "00:11:31", "end": "00:11:34", "text": "you think is a probability?"}, {"start": "00:11:33", "end": "00:11:37", "text": ">> Listen, first of all, let me say"}, {"start": "00:11:34", "end": "00:11:39", "text": "honestly, I am a bull by nature. I think"}, {"start": "00:11:37", "end": "00:11:40", "text": "that everyone is biased in this life. I"}, {"start": "00:11:39", "end": "00:11:43", "text": "joined this industry because I believe"}, {"start": "00:11:40", "end": "00:11:45", "text": "in crypto, but I'm also a rational human"}, {"start": "00:11:43", "end": "00:11:46", "text": "being. I'm a really boring lawyer and"}, {"start": "00:11:45", "end": "00:11:49", "text": "political scientist like like those"}, {"start": "00:11:46", "end": "00:11:51", "text": "books behind me show, right? So, I think"}, {"start": "00:11:49", "end": "00:11:53", "text": "yes, I have my own opinion, but I'm also"}, {"start": "00:11:51", "end": "00:11:55", "text": "in favor of crypto. I go to all the"}, {"start": "00:11:53", "end": "00:11:57", "text": "events. I work in this industry. I sleep"}, {"start": "00:11:55", "end": "00:12:00", "text": "in crypto shirts. So, let me just put"}, {"start": "00:11:57", "end": "00:12:04", "text": "that out there first. Yeah. Now, to your"}, {"start": "00:12:00", "end": "00:12:06", "text": "question, um I'm a little bit worried"}, {"start": "00:12:04", "end": "00:12:08", "text": "about the current um economic situation"}, {"start": "00:12:06", "end": "00:12:10", "text": "and fundamentally what's happening in"}, {"start": "00:12:08", "end": "00:12:13", "text": "the Middle East. uh typically what we"}, {"start": "00:12:10", "end": "00:12:16", "text": "see is that geopolitical shocks and"}, {"start": "00:12:13", "end": "00:12:18", "text": "events have only a very short-term"}, {"start": "00:12:16", "end": "00:12:20", "text": "impact on the price of Bitcoin. If you"}, {"start": "00:12:18", "end": "00:12:22", "text": "look at the past, they get absorbed very"}, {"start": "00:12:20", "end": "00:12:25", "text": "very rapidly in the trajectory, whatever"}, {"start": "00:12:22", "end": "00:12:27", "text": "trajectory it was. Now, it's very hard"}, {"start": "00:12:25", "end": "00:12:30", "text": "for us all to say is this war going to"}, {"start": "00:12:27", "end": "00:12:31", "text": "escalate etc. But I do think that is a"}, {"start": "00:12:30", "end": "00:12:34", "text": "risk and fundamentally because it might"}, {"start": "00:12:31", "end": "00:12:36", "text": "really you know pressure energy prices,"}, {"start": "00:12:34", "end": "00:12:38", "text": "inflation and people's lives"}, {"start": "00:12:36", "end": "00:12:41", "text": "fundamentally. And if that happens, what"}, {"start": "00:12:38", "end": "00:12:44", "text": "I do expect is that actually people and"}, {"start": "00:12:41", "end": "00:12:46", "text": "institutions might actually move their"}, {"start": "00:12:44", "end": "00:12:48", "text": "funds very logically away from risk"}, {"start": "00:12:46", "end": "00:12:50", "text": "assets towards less uh risks assets,"}, {"start": "00:12:48", "end": "00:12:53", "text": "hence away from Bitcoin and maybe they"}, {"start": "00:12:50", "end": "00:12:55", "text": "park their money in stable coins. So if"}, {"start": "00:12:53", "end": "00:12:57", "text": "that will happen an escalating war and"}, {"start": "00:12:55", "end": "00:12:59", "text": "really the energy price is coming onto"}, {"start": "00:12:57", "end": "00:13:01", "text": "pressure, um I do think that is a"}, {"start": "00:12:59", "end": "00:13:05", "text": "massive risk and yes, we can see Bitcoin"}, {"start": "00:13:01", "end": "00:13:07", "text": "go towards 40 50k. I don't see that that"}, {"start": "00:13:05", "end": "00:13:09", "text": "is an impossibility. The other type of"}, {"start": "00:13:07", "end": "00:13:12", "text": "risk I want to point out is this clarity"}, {"start": "00:13:09", "end": "00:13:16", "text": "act. Um if that doesn't go through right"}, {"start": "00:13:12", "end": "00:13:18", "text": "this important uh US legislation that is"}, {"start": "00:13:16", "end": "00:13:19", "text": "supposed to give clarity about the"}, {"start": "00:13:18", "end": "00:13:22", "text": "regulation of crypto and what is"}, {"start": "00:13:19", "end": "00:13:24", "text": "possible and whatn not and all sorts of"}, {"start": "00:13:22", "end": "00:13:26", "text": "things about stable coins and getting"}, {"start": "00:13:24", "end": "00:13:28", "text": "yield on stable coins complicated"}, {"start": "00:13:26", "end": "00:13:30", "text": "things. If that doesn't pass like that"}, {"start": "00:13:28", "end": "00:13:32", "text": "could also be a risk and could"}, {"start": "00:13:30", "end": "00:13:34", "text": "potentially trigger a little bit of a"}, {"start": "00:13:32", "end": "00:13:36", "text": "prolongment of this kind of like period"}, {"start": "00:13:34", "end": "00:13:38", "text": "of stagnation that we are in. I think"}, {"start": "00:13:36", "end": "00:13:40", "text": "it's possible. Is it likely that we will"}, {"start": "00:13:38", "end": "00:13:41", "text": "drop to 40 50k? I think it's slightly"}, {"start": "00:13:40", "end": "00:13:44", "text": "too early to say."}, {"start": "00:13:41", "end": "00:13:46", "text": ">> You see, you still see Bitcoin in the"}, {"start": "00:13:44", "end": "00:13:47", "text": "longer term at higher levels above its"}, {"start": "00:13:46", "end": "00:13:49", "text": "all-time high."}, {"start": "00:13:47", "end": "00:13:52", "text": ">> Oh, yes. Uh, absolutely. I mean, I can"}, {"start": "00:13:49", "end": "00:13:55", "text": "mention 25 different reasons why I think"}, {"start": "00:13:52", "end": "00:13:57", "text": "that I mean fundamentally, as I said,"}, {"start": "00:13:55", "end": "00:14:00", "text": "institutionalization is so important,"}, {"start": "00:13:57", "end": "00:14:01", "text": "right? So ETFs are being bought by more"}, {"start": "00:14:00", "end": "00:14:05", "text": "and more institutions, not only Bitcoin"}, {"start": "00:14:01", "end": "00:14:08", "text": "but also Ethereum, XRP, Solana. There's"}, {"start": "00:14:05", "end": "00:14:11", "text": "a reason why these big, you know, Wall"}, {"start": "00:14:08", "end": "00:14:13", "text": "Street firms and other companies and"}, {"start": "00:14:11", "end": "00:14:15", "text": "even governments from across the world"}, {"start": "00:14:13", "end": "00:14:17", "text": "are getting their hands into the crypto"}, {"start": "00:14:15", "end": "00:14:19", "text": "space. Not because they want to go"}, {"start": "00:14:17", "end": "00:14:21", "text": "bankrupt. No, because they see it has"}, {"start": "00:14:19", "end": "00:14:23", "text": "the potential and actually it has been"}, {"start": "00:14:21", "end": "00:14:26", "text": "going up for years now. you know"}, {"start": "00:14:23", "end": "00:14:28", "text": "gradually and then suddenly uh there's"}, {"start": "00:14:26", "end": "00:14:31", "text": "also really other interesting things to"}, {"start": "00:14:28", "end": "00:14:33", "text": "point out here um I think uh"}, {"start": "00:14:31", "end": "00:14:36", "text": "fundamentally that if we also look at"}, {"start": "00:14:33", "end": "00:14:40", "text": "other narratives that are correlated to"}, {"start": "00:14:36", "end": "00:14:42", "text": "blockchain right um more and more real"}, {"start": "00:14:40", "end": "00:14:45", "text": "applications are out there showing that"}, {"start": "00:14:42", "end": "00:14:47", "text": "people are using crypto and are using"}, {"start": "00:14:45", "end": "00:14:50", "text": "blockchain for lots of different things"}, {"start": "00:14:47", "end": "00:14:52", "text": "so I want to mention maybe here things"}, {"start": "00:14:50", "end": "00:14:54", "text": "like prediction markets I know this is"}, {"start": "00:14:52", "end": "00:14:56", "text": "maybe not something that all your"}, {"start": "00:14:54", "end": "00:14:58", "text": "viewers are into, but this has really"}, {"start": "00:14:56", "end": "00:15:01", "text": "been exploding. For instance, on Solana,"}, {"start": "00:14:58", "end": "00:15:03", "text": "what we see, for instance, on Ethereum"}, {"start": "00:15:01", "end": "00:15:04", "text": "right now is also a lot of more"}, {"start": "00:15:03", "end": "00:15:08", "text": "institutionalization."}, {"start": "00:15:04", "end": "00:15:09", "text": "Um, DeFi growing further and further."}, {"start": "00:15:08", "end": "00:15:12", "text": "There are so many interesting"}, {"start": "00:15:09", "end": "00:15:14", "text": "applications also with AI and AI agents,"}, {"start": "00:15:12", "end": "00:15:15", "text": "how they are going to move everything on"}, {"start": "00:15:14", "end": "00:15:18", "text": "the blockchain. And I don't want to"}, {"start": "00:15:15", "end": "00:15:20", "text": "bother you with all the details, but"}, {"start": "00:15:18", "end": "00:15:23", "text": "yeah, basically the future of tomorrow"}, {"start": "00:15:20", "end": "00:15:25", "text": "is also that not only we as humans are"}, {"start": "00:15:23", "end": "00:15:28", "text": "making transactions, but we'll also have"}, {"start": "00:15:25", "end": "00:15:30", "text": "AI agents for that that basically buy"}, {"start": "00:15:28", "end": "00:15:32", "text": "something for us online or that make an"}, {"start": "00:15:30", "end": "00:15:34", "text": "investment based upon rules, right, that"}, {"start": "00:15:32", "end": "00:15:37", "text": "we have written. Um, and it's going to"}, {"start": "00:15:34", "end": "00:15:39", "text": "be those AI agents that really have the"}, {"start": "00:15:37", "end": "00:15:41", "text": "future. And these AI agents are going to"}, {"start": "00:15:39", "end": "00:15:43", "text": "interact with the blockchain with smart"}, {"start": "00:15:41", "end": "00:15:44", "text": "contracts. This is really really"}, {"start": "00:15:43", "end": "00:15:47", "text": "complicated but they need crypto for"}, {"start": "00:15:44", "end": "00:15:49", "text": "that right of course not only Bitcoin"}, {"start": "00:15:47", "end": "00:15:52", "text": "also stable coins but to function to"}, {"start": "00:15:49", "end": "00:15:54", "text": "make this whole world basically onchain"}, {"start": "00:15:52", "end": "00:15:56", "text": "both for us but also for those companies"}, {"start": "00:15:54", "end": "00:15:58", "text": "out there that are putting their bonds"}, {"start": "00:15:56", "end": "00:16:01", "text": "on chain their commodities on chain"}, {"start": "00:15:58", "end": "00:16:03", "text": "their equity on chain the blockchain is"}, {"start": "00:16:01", "end": "00:16:04", "text": "needed and Bitcoin is a big part of that"}, {"start": "00:16:03", "end": "00:16:06", "text": ">> so Alexandra how can people find out"}, {"start": "00:16:04", "end": "00:16:08", "text": "more about yourself and get involved"}, {"start": "00:16:06", "end": "00:16:11", "text": "with what you're doing uh of course guys"}, {"start": "00:16:08", "end": "00:16:13", "text": "do check out Alexandra's website"}, {"start": "00:16:11", "end": "00:16:14", "text": "thrilled labs.io and also her LinkedIn"}, {"start": "00:16:13", "end": "00:16:15", "text": "page."}, {"start": "00:16:14", "end": "00:16:17", "text": ">> Yeah, thank you Allesia. I really"}, {"start": "00:16:15", "end": "00:16:20", "text": "appreciate it. Thank you for having had"}, {"start": "00:16:17", "end": "00:16:22", "text": "me in your in your videos. So, um people"}, {"start": "00:16:20", "end": "00:16:23", "text": "can of course reach um reach me on"}, {"start": "00:16:22", "end": "00:16:25", "text": "LinkedIn. Uh some people have already"}, {"start": "00:16:23", "end": "00:16:27", "text": "done that in the past, lovely folks that"}, {"start": "00:16:25", "end": "00:16:29", "text": "are watching your videos, wonderful"}, {"start": "00:16:27", "end": "00:16:30", "text": "people from all over the world."}, {"start": "00:16:29", "end": "00:16:32", "text": "Honestly, there's one thing that I would"}, {"start": "00:16:30", "end": "00:16:34", "text": "maybe recommend people to do if you're"}, {"start": "00:16:32", "end": "00:16:36", "text": "interested in crypto, right? Try to go"}, {"start": "00:16:34", "end": "00:16:38", "text": "to a crypto event or a conference one"}, {"start": "00:16:36", "end": "00:16:41", "text": "day. There are thousands literally that"}, {"start": "00:16:38", "end": "00:16:43", "text": "being organized all over the world"}, {"start": "00:16:41", "end": "00:16:44", "text": "almost in any country and just try to"}, {"start": "00:16:43", "end": "00:16:46", "text": "get in. If you don't have enough money"}, {"start": "00:16:44", "end": "00:16:48", "text": "maybe for a ticket because sometimes"}, {"start": "00:16:46", "end": "00:16:50", "text": "they're expensive. You can also try to"}, {"start": "00:16:48", "end": "00:16:52", "text": "contact me because we work at throat"}, {"start": "00:16:50", "end": "00:16:54", "text": "labs with lots of events and we usually"}, {"start": "00:16:52", "end": "00:16:56", "text": "get lots of free tickets for almost all"}, {"start": "00:16:54", "end": "00:16:58", "text": "events. So then I'm happy to pass"}, {"start": "00:16:56", "end": "00:17:00", "text": "something on to you or perhaps we can go"}, {"start": "00:16:58", "end": "00:17:02", "text": "somewhere together, right? I'm at lots"}, {"start": "00:17:00", "end": "00:17:04", "text": "of events. Um so I would just want to"}, {"start": "00:17:02", "end": "00:17:06", "text": "point that out there um that the crypto"}, {"start": "00:17:04", "end": "00:17:08", "text": "is for everyone. Anyone can come build"}, {"start": "00:17:06", "end": "00:17:10", "text": "in our industry. Anyone can become a"}, {"start": "00:17:08", "end": "00:17:12", "text": "professional. Just inform yourself. Make"}, {"start": "00:17:10", "end": "00:17:15", "text": "sure that you reach out to the right"}, {"start": "00:17:12", "end": "00:17:17", "text": "people. And um yeah, ultimately crypto"}, {"start": "00:17:15", "end": "00:17:19", "text": "is built by people even though we're on"}, {"start": "00:17:17", "end": "00:17:21", "text": "in the tech sector together. And in"}, {"start": "00:17:19", "end": "00:17:22", "text": "crypto most of us are also just trying"}, {"start": "00:17:21", "end": "00:17:24", "text": "to build a better world and everyone is"}, {"start": "00:17:22", "end": "00:17:26", "text": "welcome regardless of who you are, where"}, {"start": "00:17:24", "end": "00:17:29", "text": "you're based, who you know or where you"}, {"start": "00:17:26", "end": "00:17:30", "text": "go as I say in my pitches to investors"}, {"start": "00:17:29", "end": "00:17:32", "text": "and I do believe that. So feel free to"}, {"start": "00:17:30", "end": "00:17:34", "text": "reach out. I'm happy to chat."}, {"start": "00:17:32", "end": "00:17:36", "text": ">> Thanks very much Alexandra and guys do"}, {"start": "00:17:34", "end": "00:17:39", "text": "check it out. It's in the description."}, {"start": "00:17:36", "end": "00:17:39", "text": "Much appreciated."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "If you don't mind, uh I would love to"}, {"start": "00:00:02", "end": "00:00:06", "text": "say why I actually do like Ethereum and"}, {"start": "00:00:05", "end": "00:00:08", "text": "why I am"}, {"start": "00:00:06", "end": "00:00:10", "text": ">> all bullish on it. There is literally"}, {"start": "00:00:08", "end": "00:00:12", "text": "billions and billions and billions going"}, {"start": "00:00:10", "end": "00:00:15", "text": "into stable coins and more or less half"}, {"start": "00:00:12", "end": "00:00:17", "text": "of that sits on Ethereum. Here I brought"}, {"start": "00:00:15", "end": "00:00:19", "text": "this chart because you could see how"}, {"start": "00:00:17", "end": "00:00:21", "text": "much money, if we want to put it as"}, {"start": "00:00:19", "end": "00:00:23", "text": "such, the Solana blockchain was making"}, {"start": "00:00:21", "end": "00:00:25", "text": "thanks to all these applications out"}, {"start": "00:00:23", "end": "00:00:26", "text": "there. You see here, right there, right"}, {"start": "00:00:25", "end": "00:00:29", "text": "around the time that Trump launched his"}, {"start": "00:00:26", "end": "00:00:32", "text": "memecoin. Quite often, but not always,"}, {"start": "00:00:29", "end": "00:00:34", "text": "the ultimate price of a crypto on the"}, {"start": "00:00:32", "end": "00:00:36", "text": "global market is tied to actually the"}, {"start": "00:00:34", "end": "00:00:37", "text": "functioning of the network. Like how"}, {"start": "00:00:36", "end": "00:00:38", "text": "much request there is, how much activity"}, {"start": "00:00:37", "end": "00:00:40", "text": "there is."}, {"start": "00:00:38", "end": "00:00:42", "text": ">> And I mean, I quite like Solana. I mean,"}, {"start": "00:00:40", "end": "00:00:43", "text": "I I remember some years ago I bought"}, {"start": "00:00:42", "end": "00:00:44", "text": "Salana."}, {"start": "00:00:43", "end": "00:00:47", "text": ">> A lot of the stable coins are happening"}, {"start": "00:00:44", "end": "00:00:49", "text": "on Solana right now. Approximately half."}, {"start": "00:00:47", "end": "00:00:51", "text": "I like Solana. It's great. The only"}, {"start": "00:00:49", "end": "00:00:53", "text": "thing that I don't like, I want to put"}, {"start": "00:00:51", "end": "00:00:55", "text": "out there that XRP is kind of like has"}, {"start": "00:00:53", "end": "00:00:57", "text": "always been seen a little bit as the"}, {"start": "00:00:55", "end": "00:00:58", "text": "anti-coin, right? the central banker's"}, {"start": "00:00:57", "end": "00:01:00", "text": "coin. And that is actually why I bought"}, {"start": "00:00:58", "end": "00:01:03", "text": "this so many years ago. I thought"}, {"start": "00:01:00", "end": "00:01:05", "text": ">> I think that buying something like XRP"}, {"start": "00:01:03", "end": "00:01:06", "text": "is probably better than buying a lottery"}, {"start": "00:01:05", "end": "00:01:07", "text": "ticket."}, {"start": "00:01:06", "end": "00:01:09", "text": ">> What you could argue though is that"}, {"start": "00:01:07", "end": "00:01:12", "text": "currently most of the altcoins are"}, {"start": "00:01:09", "end": "00:01:13", "text": "arguably trading quite close to their"}, {"start": "00:01:12", "end": "00:01:15", "text": "fundamental value"}, {"start": "00:01:13", "end": "00:01:19", "text": ">> just because there is a whole lot less"}, {"start": "00:01:15", "end": "00:01:19", "text": "hype there."}, {"start": "00:01:23", "end": "00:01:25", "text": ">> All right guys, hello and welcome. We"}, {"start": "00:01:24", "end": "00:01:27", "text": "are joined by a special guest, Alexandra"}, {"start": "00:01:25", "end": "00:01:29", "text": "Overog, who's joining us from Florence"}, {"start": "00:01:27", "end": "00:01:30", "text": "in Italy. Now, she's one probably one of"}, {"start": "00:01:29", "end": "00:01:32", "text": "the best people to talked about crypto"}, {"start": "00:01:30", "end": "00:01:34", "text": "and altcoins as well as Bitcoin."}, {"start": "00:01:32", "end": "00:01:36", "text": "Overall, I like to learn from her about"}, {"start": "00:01:34", "end": "00:01:37", "text": "what's going on in the crypto industry."}, {"start": "00:01:36", "end": "00:01:41", "text": "In this video, we're going to talk about"}, {"start": "00:01:37", "end": "00:01:43", "text": "altcoins, specifically Ethereum, Solana,"}, {"start": "00:01:41", "end": "00:01:45", "text": "and XRP. So, if you're interested in"}, {"start": "00:01:43", "end": "00:01:47", "text": "this specific altcoins, especially from"}, {"start": "00:01:45", "end": "00:01:49", "text": "a more fundamentals perspective, then by"}, {"start": "00:01:47", "end": "00:01:51", "text": "all means, join us. So, Alexandra, how"}, {"start": "00:01:49", "end": "00:01:53", "text": "are you doing? Well,"}, {"start": "00:01:51", "end": "00:01:55", "text": ">> absolutely great and thrilled of course"}, {"start": "00:01:53", "end": "00:01:56", "text": "to be here. Thank you, Allesio."}, {"start": "00:01:55", "end": "00:01:57", "text": ">> Yeah, thanks very much. Yeah, by the way"}, {"start": "00:01:56", "end": "00:01:59", "text": "guys, make sure you check out"}, {"start": "00:01:57", "end": "00:02:01", "text": "Alexandra's website and her LinkedIn."}, {"start": "00:01:59", "end": "00:02:02", "text": "I'll put that in the description for you"}, {"start": "00:02:01", "end": "00:02:04", "text": "guys. And Alexandra will tell you more"}, {"start": "00:02:02", "end": "00:02:06", "text": "about that later at the end of the"}, {"start": "00:02:04", "end": "00:02:07", "text": "video. Uh, so Alexandra, tell us more"}, {"start": "00:02:06", "end": "00:02:10", "text": "about what's happening in the altcoin"}, {"start": "00:02:07", "end": "00:02:12", "text": "world. So, Ethereum, of course, I I"}, {"start": "00:02:10", "end": "00:02:14", "text": "actually own Ethereum and I'm interested"}, {"start": "00:02:12", "end": "00:02:15", "text": "what's happening to it. And what you"}, {"start": "00:02:14", "end": "00:02:17", "text": "have here is a chart, if I'm not"}, {"start": "00:02:15", "end": "00:02:20", "text": "mistaken, of maybe you can explain what"}, {"start": "00:02:17", "end": "00:02:21", "text": "it is. Go ahead. Yeah, most definitely."}, {"start": "00:02:20", "end": "00:02:24", "text": "I think that's what is really"}, {"start": "00:02:21", "end": "00:02:27", "text": "interesting. If we compare Bitcoin to"}, {"start": "00:02:24", "end": "00:02:30", "text": "much of the other alternative coins, uh,"}, {"start": "00:02:27", "end": "00:02:32", "text": "altcoins, other layer ones as we call"}, {"start": "00:02:30", "end": "00:02:34", "text": "them, right? Technically, uh, we've seen"}, {"start": "00:02:32", "end": "00:02:37", "text": "that Bitcoin has been outperforming"}, {"start": "00:02:34", "end": "00:02:39", "text": "quite, um, almost everyone of them. Um,"}, {"start": "00:02:37", "end": "00:02:40", "text": "and that doesn't actually mean"}, {"start": "00:02:39", "end": "00:02:42", "text": "fundamentally from a fundamentals"}, {"start": "00:02:40", "end": "00:02:44", "text": "perspective that those blockchains out"}, {"start": "00:02:42", "end": "00:02:45", "text": "there fundamentally they're all"}, {"start": "00:02:44", "end": "00:02:47", "text": "blockchains, right? That they are"}, {"start": "00:02:45", "end": "00:02:49", "text": "worthless per se. No, in fact, they're"}, {"start": "00:02:47", "end": "00:02:51", "text": "doing really, really well. But"}, {"start": "00:02:49", "end": "00:02:53", "text": "explaining what they are and how they"}, {"start": "00:02:51", "end": "00:02:56", "text": "perform is just a little bit more"}, {"start": "00:02:53", "end": "00:02:58", "text": "complicated than um basically explaining"}, {"start": "00:02:56", "end": "00:03:00", "text": "how Bitcoin works, right, as a"}, {"start": "00:02:58", "end": "00:03:02", "text": "peer-to-peer network or store of value."}, {"start": "00:03:00", "end": "00:03:04", "text": "Now, to your question, uh you wanted to"}, {"start": "00:03:02", "end": "00:03:06", "text": "ask about Ethereum. I think what is"}, {"start": "00:03:04", "end": "00:03:08", "text": "really interesting about Ethereum is"}, {"start": "00:03:06", "end": "00:03:10", "text": "that it has not been doing necessarily"}, {"start": "00:03:08", "end": "00:03:13", "text": "great compared to gold. Of course, gold"}, {"start": "00:03:10", "end": "00:03:14", "text": "has been going crazy last year. Uh,"}, {"start": "00:03:13", "end": "00:03:16", "text": "Bitcoin of course is in retracement"}, {"start": "00:03:14", "end": "00:03:18", "text": "right now but has been going very very"}, {"start": "00:03:16", "end": "00:03:21", "text": "well. Ethereum has been lagging quite a"}, {"start": "00:03:18", "end": "00:03:25", "text": "bit and I think that that has specific"}, {"start": "00:03:21", "end": "00:03:28", "text": "reasons. First of all, if I may, um,"}, {"start": "00:03:25", "end": "00:03:30", "text": ">> what we see is that um, it's a little"}, {"start": "00:03:28", "end": "00:03:33", "text": "bit of a hard story to sell, right?"}, {"start": "00:03:30", "end": "00:03:35", "text": "There are now ETFs out there also for"}, {"start": "00:03:33", "end": "00:03:37", "text": "Ethereum and we have seen pretty good"}, {"start": "00:03:35", "end": "00:03:40", "text": "inflow so far but it's definitely"}, {"start": "00:03:37", "end": "00:03:42", "text": "towards most um investors out there a"}, {"start": "00:03:40", "end": "00:03:45", "text": "little bit more of a hard story to sell."}, {"start": "00:03:42", "end": "00:03:48", "text": "Ethereum the blockchain is fundamentally"}, {"start": "00:03:45", "end": "00:03:51", "text": "a tech platform. Ether on top of that"}, {"start": "00:03:48", "end": "00:03:53", "text": "itself is a monetary asset and then it's"}, {"start": "00:03:51", "end": "00:03:56", "text": "also a productive com commodity"}, {"start": "00:03:53", "end": "00:03:58", "text": "fundamentally. So fundamentally what it"}, {"start": "00:03:56", "end": "00:04:00", "text": "what it means with all of that is that"}, {"start": "00:03:58", "end": "00:04:03", "text": "Ethereum is a blockchain. it has its own"}, {"start": "00:04:00", "end": "00:04:05", "text": "coin right on top of that and um that"}, {"start": "00:04:03", "end": "00:04:07", "text": "can earn yields if it's being staked"}, {"start": "00:04:05", "end": "00:04:10", "text": "with other coins to make the blockchain"}, {"start": "00:04:07", "end": "00:04:14", "text": "work and then lots of other applications"}, {"start": "00:04:10", "end": "00:04:16", "text": "are being built on top of the Ethereum"}, {"start": "00:04:14", "end": "00:04:19", "text": "blockchain and then what I would also"}, {"start": "00:04:16", "end": "00:04:21", "text": "like to mention um but this video is not"}, {"start": "00:04:19", "end": "00:04:23", "text": "about how blockchains work but what I"}, {"start": "00:04:21", "end": "00:04:26", "text": "want to mention is that some people are"}, {"start": "00:04:23", "end": "00:04:28", "text": "really really seeing Ethereum going very"}, {"start": "00:04:26", "end": "00:04:30", "text": "well and others are seeing that it also"}, {"start": "00:04:28", "end": "00:04:33", "text": "has competition from other blockchains,"}, {"start": "00:04:30", "end": "00:04:34", "text": "right? Such as Solana, for instance."}, {"start": "00:04:33", "end": "00:04:37", "text": ">> It doesn't only have competition from"}, {"start": "00:04:34", "end": "00:04:40", "text": "Solana, but also from um things that are"}, {"start": "00:04:37", "end": "00:04:42", "text": "called layer 2. So, for instance, the"}, {"start": "00:04:40", "end": "00:04:45", "text": "Polygon blockchain out there is a layer"}, {"start": "00:04:42", "end": "00:04:47", "text": "2. Things like arbitrum um they all have"}, {"start": "00:04:45", "end": "00:04:49", "text": "their own coins usually as well. You"}, {"start": "00:04:47", "end": "00:04:51", "text": "might have seen them on on the list of"}, {"start": "00:04:49", "end": "00:04:54", "text": "coins. And fundamentally, what they"}, {"start": "00:04:51", "end": "00:04:58", "text": "really do is that those layers are built"}, {"start": "00:04:54", "end": "00:04:59", "text": "on top of the Ethereum blockchain. So"}, {"start": "00:04:58", "end": "00:05:02", "text": "without getting too much into details,"}, {"start": "00:04:59", "end": "00:05:04", "text": "what that ultimately comes down to is"}, {"start": "00:05:02", "end": "00:05:06", "text": "that there are less transactions"}, {"start": "00:05:04", "end": "00:05:09", "text": "necessarily on the Ethereum blockchain"}, {"start": "00:05:06", "end": "00:05:12", "text": "and that there's maybe a little bit less"}, {"start": "00:05:09", "end": "00:05:14", "text": "um volume and applications directly on"}, {"start": "00:05:12", "end": "00:05:16", "text": "the Ethereum blockchain just because"}, {"start": "00:05:14", "end": "00:05:18", "text": "costs were pretty high in the past to"}, {"start": "00:05:16", "end": "00:05:21", "text": "make this blockchain work, right? The"}, {"start": "00:05:18", "end": "00:05:23", "text": "gas fees uh as they are gas gas is"}, {"start": "00:05:21", "end": "00:05:24", "text": "needed in a car, gas is also needed on"}, {"start": "00:05:23", "end": "00:05:27", "text": "the Ethereum blockchain, they were"}, {"start": "00:05:24", "end": "00:05:29", "text": "pretty high. So that is why people that"}, {"start": "00:05:27", "end": "00:05:32", "text": "wanted to use the blockchain also went"}, {"start": "00:05:29", "end": "00:05:34", "text": "to other applications out there. That"}, {"start": "00:05:32", "end": "00:05:36", "text": "was kind of like the negative part why"}, {"start": "00:05:34", "end": "00:05:38", "text": "uh to an extent Ethereum might have been"}, {"start": "00:05:36", "end": "00:05:39", "text": "lagging uh because it has some"}, {"start": "00:05:38", "end": "00:05:42", "text": "competition not only from other"}, {"start": "00:05:39", "end": "00:05:43", "text": "blockchains but also from layers that"}, {"start": "00:05:42", "end": "00:05:44", "text": "have been built on top of that"}, {"start": "00:05:43", "end": "00:05:47", "text": ">> this particular chart that you have here"}, {"start": "00:05:44", "end": "00:05:50", "text": "Alexander. So what does it mean to you?"}, {"start": "00:05:47", "end": "00:05:52", "text": "So obviously relative to gold um and"}, {"start": "00:05:50", "end": "00:05:54", "text": "Bitcoin I think we have here ETH rel bit"}, {"start": "00:05:52", "end": "00:05:56", "text": "Bitcoin. By the way I should just say"}, {"start": "00:05:54", "end": "00:05:59", "text": "just anecdotally I I was reading some"}, {"start": "00:05:56", "end": "00:06:01", "text": "comments from people some video I posted"}, {"start": "00:05:59", "end": "00:06:04", "text": "some um weeks ago and there was a"}, {"start": "00:06:01", "end": "00:06:05", "text": "comment from someone uh saying that"}, {"start": "00:06:04", "end": "00:06:07", "text": "they're considering selling their"}, {"start": "00:06:05", "end": "00:06:10", "text": "Bitcoin and buying gold instead because"}, {"start": "00:06:07", "end": "00:06:12", "text": "gold had done so much better. I was"}, {"start": "00:06:10", "end": "00:06:14", "text": "privately laughing to myself because"}, {"start": "00:06:12", "end": "00:06:16", "text": "it's amazing to me how people they don't"}, {"start": "00:06:14", "end": "00:06:18", "text": "seem to understand that just because an"}, {"start": "00:06:16", "end": "00:06:21", "text": "asset like gold has been performing so"}, {"start": "00:06:18", "end": "00:06:23", "text": "well until now, it doesn't mean it's"}, {"start": "00:06:21", "end": "00:06:24", "text": "going to do that going forward. You"}, {"start": "00:06:23", "end": "00:06:26", "text": "know, it's like they have this people"}, {"start": "00:06:24", "end": "00:06:28", "text": "are just kind of linear thinking that,"}, {"start": "00:06:26", "end": "00:06:29", "text": "oh, okay, Bitcoin has been doing really"}, {"start": "00:06:28", "end": "00:06:31", "text": "bad. Therefore, I'm going to sell my"}, {"start": "00:06:29", "end": "00:06:33", "text": "Bitcoin at the lows, you know, near the"}, {"start": "00:06:31", "end": "00:06:35", "text": "lows, you know, just when it's dropped"}, {"start": "00:06:33", "end": "00:06:37", "text": "50%. Now, they're going to sell it. Now"}, {"start": "00:06:35", "end": "00:06:39", "text": "they're going to get into gold which is"}, {"start": "00:06:37", "end": "00:06:41", "text": "already you know has been reaching"}, {"start": "00:06:39", "end": "00:06:44", "text": "extremely overbought conditions. It just"}, {"start": "00:06:41", "end": "00:06:47", "text": "it just shows the psychology of people"}, {"start": "00:06:44", "end": "00:06:49", "text": "when an asset like Bitcoin and Ethereum"}, {"start": "00:06:47", "end": "00:06:51", "text": "suddenly plunge and drop. People like"}, {"start": "00:06:49", "end": "00:06:52", "text": "give up and they say okay I'm going to"}, {"start": "00:06:51", "end": "00:06:54", "text": "go to something better now."}, {"start": "00:06:52", "end": "00:06:56", "text": ">> Yeah. Kind of like if you if you dump"}, {"start": "00:06:54", "end": "00:06:59", "text": "your I don't know your boyfriend and you"}, {"start": "00:06:56", "end": "00:07:01", "text": "go to to your next ex, right? It's a"}, {"start": "00:06:59", "end": "00:07:02", "text": "little bit opportunistic maybe. But"}, {"start": "00:07:01", "end": "00:07:05", "text": "anyway, everyone should decide for"}, {"start": "00:07:02", "end": "00:07:08", "text": "themselves. Um, what this charts to to"}, {"start": "00:07:05", "end": "00:07:10", "text": "to answer your question, I I think"}, {"start": "00:07:08", "end": "00:07:13", "text": "indeed we've seen gold going up so much."}, {"start": "00:07:10", "end": "00:07:15", "text": "We've seen Bitcoin of course going up"}, {"start": "00:07:13", "end": "00:07:18", "text": "pretty pretty much. Of course, now it's"}, {"start": "00:07:15", "end": "00:07:19", "text": "retracing uh significantly. But the"}, {"start": "00:07:18", "end": "00:07:21", "text": "point that I wanted to make is that some"}, {"start": "00:07:19", "end": "00:07:23", "text": "people are really kind of like"}, {"start": "00:07:21", "end": "00:07:24", "text": "disappointed right now by Ethereum. um"}, {"start": "00:07:23", "end": "00:07:27", "text": "they are disappointed by the fact that"}, {"start": "00:07:24", "end": "00:07:29", "text": "Bitcoin's dominance in the total crypto"}, {"start": "00:07:27", "end": "00:07:33", "text": "market is still pretty high and that is"}, {"start": "00:07:29", "end": "00:07:35", "text": "not as in prior cycles uh Bitcoin's um"}, {"start": "00:07:33", "end": "00:07:38", "text": "you know uh increase and growth is not"}, {"start": "00:07:35", "end": "00:07:40", "text": "really trickling down that much or"}, {"start": "00:07:38", "end": "00:07:43", "text": "hasn't really done so uh last year in"}, {"start": "00:07:40", "end": "00:07:45", "text": "Ethereum in in Solana yes but also not"}, {"start": "00:07:43", "end": "00:07:47", "text": "in the altcoins out there right we"}, {"start": "00:07:45", "end": "00:07:50", "text": "always had this kind of like rotation of"}, {"start": "00:07:47", "end": "00:07:52", "text": "capital fl going up and down and down"}, {"start": "00:07:50", "end": "00:07:54", "text": "and down and that hasn't really happened"}, {"start": "00:07:52", "end": "00:07:56", "text": "to a great extent and that is why I"}, {"start": "00:07:54", "end": "00:07:59", "text": "wanted to showcase this this chart out"}, {"start": "00:07:56", "end": "00:08:00", "text": "here. It's not the most um yeah sane"}, {"start": "00:07:59", "end": "00:08:02", "text": "chart of of everything but it is"}, {"start": "00:08:00", "end": "00:08:04", "text": "definitely interesting and"}, {"start": "00:08:02", "end": "00:08:06", "text": ">> if you don't mind"}, {"start": "00:08:04", "end": "00:08:08", "text": ">> uh I would love to say why I actually do"}, {"start": "00:08:06", "end": "00:08:09", "text": "like Ethereum and why I am"}, {"start": "00:08:08", "end": "00:08:12", "text": ">> yes please"}, {"start": "00:08:09", "end": "00:08:14", "text": ">> bullish on it. I mean on the one hand"}, {"start": "00:08:12", "end": "00:08:15", "text": "side it's a difficult story to sell as I"}, {"start": "00:08:14", "end": "00:08:17", "text": "just said it's so many different things"}, {"start": "00:08:15", "end": "00:08:20", "text": "the Ethereum blockchain and how Ether"}, {"start": "00:08:17", "end": "00:08:22", "text": "works and whatnot but a lot of"}, {"start": "00:08:20", "end": "00:08:24", "text": "improvements have been made in the"}, {"start": "00:08:22", "end": "00:08:26", "text": "network first of all I won't go into the"}, {"start": "00:08:24", "end": "00:08:28", "text": "details but it's definitely a lot faster"}, {"start": "00:08:26", "end": "00:08:31", "text": "and a lot cheaper right now to use"}, {"start": "00:08:28", "end": "00:08:35", "text": "Ethereum for transactions and Ethereum"}, {"start": "00:08:31", "end": "00:08:38", "text": "is also more and more used as I said um"}, {"start": "00:08:35", "end": "00:08:40", "text": "institutions are buying ETFs okay that"}, {"start": "00:08:38", "end": "00:08:43", "text": "is not necessarily using uh the platform"}, {"start": "00:08:40", "end": "00:08:45", "text": "But there are more and more stable coins"}, {"start": "00:08:43", "end": "00:08:47", "text": "and stable coins are massive in crypto"}, {"start": "00:08:45", "end": "00:08:49", "text": "right now. Just look up their market"}, {"start": "00:08:47", "end": "00:08:51", "text": "cap. There is literally billions and"}, {"start": "00:08:49", "end": "00:08:53", "text": "billions and billions going into stable"}, {"start": "00:08:51", "end": "00:08:56", "text": "coins and more or less half of that sits"}, {"start": "00:08:53", "end": "00:08:59", "text": "on Ethereum. The whole DeFi space,"}, {"start": "00:08:56", "end": "00:09:00", "text": "right, decentralized finance and going"}, {"start": "00:08:59", "end": "00:09:03", "text": "onto the internet on chain to"}, {"start": "00:09:00", "end": "00:09:06", "text": "decentralized uh exchanges like a lot of"}, {"start": "00:09:03", "end": "00:09:09", "text": "that is still happening on all sorts of"}, {"start": "00:09:06", "end": "00:09:11", "text": "Ethereum applications out there. um the"}, {"start": "00:09:09", "end": "00:09:14", "text": "leadership has changed. It has a really"}, {"start": "00:09:11", "end": "00:09:16", "text": "strong ecosystem as well with events all"}, {"start": "00:09:14", "end": "00:09:18", "text": "across the world. So there are many many"}, {"start": "00:09:16", "end": "00:09:21", "text": "different reasons why Ethereum has been"}, {"start": "00:09:18", "end": "00:09:24", "text": "doing well. Um even though it's not"}, {"start": "00:09:21", "end": "00:09:26", "text": "necessarily the easiest story to sell."}, {"start": "00:09:24", "end": "00:09:27", "text": ">> Yeah. Interesting. So Salana, am I"}, {"start": "00:09:26", "end": "00:09:28", "text": "right?"}, {"start": "00:09:27", "end": "00:09:29", "text": ">> Yes."}, {"start": "00:09:28", "end": "00:09:32", "text": ">> Let's talk about Salana."}, {"start": "00:09:29", "end": "00:09:34", "text": ">> Okay. So in terms of Salana, I I found"}, {"start": "00:09:32", "end": "00:09:36", "text": "this chart over here, right? Um"}, {"start": "00:09:34", "end": "00:09:38", "text": "definitely Solana is being kind of like"}, {"start": "00:09:36", "end": "00:09:41", "text": "characterized as the blockchain for"}, {"start": "00:09:38", "end": "00:09:44", "text": "retail investors and for retail activity"}, {"start": "00:09:41", "end": "00:09:46", "text": "and a lot of the speculation that is"}, {"start": "00:09:44", "end": "00:09:48", "text": "supposed to be happening uh on chain for"}, {"start": "00:09:46", "end": "00:09:52", "text": "instance with all these meme coins that"}, {"start": "00:09:48", "end": "00:09:54", "text": "we saw specifically um in 2024 and 2025."}, {"start": "00:09:52", "end": "00:09:56", "text": "Here I brought this chart because you"}, {"start": "00:09:54", "end": "00:09:58", "text": "could see how much money if we want to"}, {"start": "00:09:56", "end": "00:10:00", "text": "put it as such the Solana blockchain was"}, {"start": "00:09:58", "end": "00:10:02", "text": "making thanks to all these applications"}, {"start": "00:10:00", "end": "00:10:03", "text": "out there. You see here right there"}, {"start": "00:10:02", "end": "00:10:06", "text": "right around the time that Trump"}, {"start": "00:10:03", "end": "00:10:07", "text": "launched his memecoin which was by the"}, {"start": "00:10:06", "end": "00:10:11", "text": "way kind of like a money grab to an"}, {"start": "00:10:07", "end": "00:10:13", "text": "extent. Um sorry to say but um we see"}, {"start": "00:10:11", "end": "00:10:15", "text": "that Solana became super hot. Lots of"}, {"start": "00:10:13", "end": "00:10:17", "text": "transactions were happening on chain and"}, {"start": "00:10:15", "end": "00:10:19", "text": "fundamentally yeah also the price of"}, {"start": "00:10:17", "end": "00:10:20", "text": "Solana went up to new all-time highs"}, {"start": "00:10:19", "end": "00:10:23", "text": "right and this is the point I want to"}, {"start": "00:10:20", "end": "00:10:26", "text": "make quite often but not always the"}, {"start": "00:10:23", "end": "00:10:28", "text": "ultimate price of a crypto on the global"}, {"start": "00:10:26", "end": "00:10:30", "text": "market is tied to actually the"}, {"start": "00:10:28", "end": "00:10:31", "text": "functioning of the network like how much"}, {"start": "00:10:30", "end": "00:10:34", "text": "request there is how much activity there"}, {"start": "00:10:31", "end": "00:10:35", "text": "is not one-on-one but it's definitely"}, {"start": "00:10:34", "end": "00:10:37", "text": "something that we need to take into"}, {"start": "00:10:35", "end": "00:10:38", "text": "account specifically if we want to make"}, {"start": "00:10:37", "end": "00:10:40", "text": "investments we want to invest in"}, {"start": "00:10:38", "end": "00:10:42", "text": "something viable long term we need to"}, {"start": "00:10:40", "end": "00:10:45", "text": "know that a blockchain actually has a"}, {"start": "00:10:42", "end": "00:10:47", "text": "use And it's not just um yeah a"}, {"start": "00:10:45", "end": "00:10:49", "text": "I would say. Excuse my language."}, {"start": "00:10:47", "end": "00:10:51", "text": ">> Yeah. No, it's correct. I agree. And I"}, {"start": "00:10:49", "end": "00:10:54", "text": "mean I quite like Salana. I mean I I"}, {"start": "00:10:51", "end": "00:10:55", "text": "remember some years ago I bought Salona."}, {"start": "00:10:54", "end": "00:10:57", "text": "Um I don't have any at the moment, but"}, {"start": "00:10:55", "end": "00:11:00", "text": "I'm considering getting back into it."}, {"start": "00:10:57", "end": "00:11:02", "text": ">> Uh I mean I there's a few altcoins I'm"}, {"start": "00:11:00", "end": "00:11:06", "text": "looking at at the moment. So Salona is"}, {"start": "00:11:02", "end": "00:11:10", "text": "one of them. Ethereum. I I own XRP and"}, {"start": "00:11:06", "end": "00:11:12", "text": "uh I'm also considering maybe rebying"}, {"start": "00:11:10", "end": "00:11:13", "text": "Cardano at some point. I only want to"}, {"start": "00:11:12", "end": "00:11:16", "text": "say about Solana what is also quite"}, {"start": "00:11:13", "end": "00:11:18", "text": "interesting is that a lot of the stable"}, {"start": "00:11:16", "end": "00:11:20", "text": "coin activity and I say once again"}, {"start": "00:11:18", "end": "00:11:21", "text": "stable coins they're stable really"}, {"start": "00:11:20", "end": "00:11:23", "text": "boring but for the growth of the"}, {"start": "00:11:21", "end": "00:11:26", "text": "industry it's massively important and"}, {"start": "00:11:23", "end": "00:11:28", "text": "for on boarding users on crypto globally"}, {"start": "00:11:26", "end": "00:11:31", "text": "a lot of the stable coins are happening"}, {"start": "00:11:28", "end": "00:11:33", "text": "on Solana right now approximately half"}, {"start": "00:11:31", "end": "00:11:36", "text": "also a lot of the DeFi activity is"}, {"start": "00:11:33", "end": "00:11:38", "text": "happening on Solana I like Solana it's"}, {"start": "00:11:36", "end": "00:11:41", "text": "great the only thing that I don't like"}, {"start": "00:11:38", "end": "00:11:43", "text": "from a decentralization perspective yes"}, {"start": "00:11:41", "end": "00:11:47", "text": "I'm a little bit of an ideologist is"}, {"start": "00:11:43", "end": "00:11:49", "text": "that if you want to participate um as a"}, {"start": "00:11:47", "end": "00:11:51", "text": "kind of like validator in the network,"}, {"start": "00:11:49", "end": "00:11:53", "text": "you need to invest a lot of money to"}, {"start": "00:11:51", "end": "00:11:55", "text": "actually make that happen. That is maybe"}, {"start": "00:11:53", "end": "00:11:58", "text": "not of interest for the average Joe per"}, {"start": "00:11:55", "end": "00:12:00", "text": "se or the average I don't know female"}, {"start": "00:11:58", "end": "00:12:03", "text": "part of Joe or how you how you call that"}, {"start": "00:12:00", "end": "00:12:05", "text": "in terms of Jane. Um but it makes that"}, {"start": "00:12:03", "end": "00:12:08", "text": "it's a little bit an exclusive network"}, {"start": "00:12:05", "end": "00:12:10", "text": "really to participate in as a validator."}, {"start": "00:12:08", "end": "00:12:12", "text": "it costs a lot to run the hardware and"}, {"start": "00:12:10", "end": "00:12:15", "text": "the cloud and you need to stake a lot or"}, {"start": "00:12:12", "end": "00:12:16", "text": "yeah so that that is kind of like um"}, {"start": "00:12:15", "end": "00:12:17", "text": "yeah something that I don't like"}, {"start": "00:12:16", "end": "00:12:18", "text": "fundamentally about Salana but they have"}, {"start": "00:12:17", "end": "00:12:22", "text": "a great ecosystem"}, {"start": "00:12:18", "end": "00:12:25", "text": ">> similar with XRP it seems to be showing"}, {"start": "00:12:22", "end": "00:12:26", "text": "uh potential ABC pattern an ABC uh"}, {"start": "00:12:25", "end": "00:12:29", "text": "corrective pattern"}, {"start": "00:12:26", "end": "00:12:31", "text": ">> but a lot is being built and a lot of"}, {"start": "00:12:29", "end": "00:12:32", "text": "value is being generated and this is"}, {"start": "00:12:31", "end": "00:12:36", "text": "what I mean when I say that the economy"}, {"start": "00:12:32", "end": "00:12:37", "text": "of tomorrow is currently being built on"}, {"start": "00:12:36", "end": "00:12:39", "text": "chain"}, {"start": "00:12:37", "end": "00:12:40", "text": ">> okay let's go to XR RP. Uh, Alexandra,"}, {"start": "00:12:39", "end": "00:12:42", "text": "first of all, Alexandra, do you are you"}, {"start": "00:12:40", "end": "00:12:44", "text": "interested in XRP? Do you own any? Are"}, {"start": "00:12:42", "end": "00:12:46", "text": "you or if not, are you considering"}, {"start": "00:12:44", "end": "00:12:50", "text": "buying some at some point?"}, {"start": "00:12:46", "end": "00:12:53", "text": ">> Uh, I hold XRP since 2017, actually. So,"}, {"start": "00:12:50", "end": "00:12:55", "text": "yes, I I I have quite a few of them."}, {"start": "00:12:53", "end": "00:12:58", "text": "I've been holding most of them for the"}, {"start": "00:12:55", "end": "00:13:00", "text": "last uh nine years so far. And um yeah,"}, {"start": "00:12:58", "end": "00:13:02", "text": "I can't say I've been that lucky."}, {"start": "00:13:00", "end": "00:13:04", "text": ">> Well, I mean, there was a period when"}, {"start": "00:13:02", "end": "00:13:05", "text": "XRP just exploded uh last year. So, so I"}, {"start": "00:13:04", "end": "00:13:07", "text": "mean a lot of people were happy about"}, {"start": "00:13:05", "end": "00:13:08", "text": "that, but obviously what what is this"}, {"start": "00:13:07", "end": "00:13:10", "text": "chart telling you right now? What's"}, {"start": "00:13:08", "end": "00:13:12", "text": "going on here? So,"}, {"start": "00:13:10", "end": "00:13:14", "text": ">> yeah. So, I want to put out there that"}, {"start": "00:13:12", "end": "00:13:16", "text": "XRP is kind of like has always been seen"}, {"start": "00:13:14", "end": "00:13:17", "text": "a little bit as the anti-coin, right?"}, {"start": "00:13:16", "end": "00:13:19", "text": "The central banker's coin. And that is"}, {"start": "00:13:17", "end": "00:13:21", "text": "actually why I bought this so many years"}, {"start": "00:13:19", "end": "00:13:23", "text": "ago. I thought if this beautiful crypto"}, {"start": "00:13:21", "end": "00:13:25", "text": "thing doesn't survive and the incubent"}, {"start": "00:13:23", "end": "00:13:27", "text": "and the legacy institutions will win,"}, {"start": "00:13:25", "end": "00:13:28", "text": "well, at least I have a foot in the"}, {"start": "00:13:27", "end": "00:13:30", "text": "door. So, that is why I invested in"}, {"start": "00:13:28", "end": "00:13:33", "text": "Salana that many years ago as an"}, {"start": "00:13:30", "end": "00:13:35", "text": "anti-contrarian bet almost. to your"}, {"start": "00:13:33", "end": "00:13:36", "text": "question. Um, what you see out"}, {"start": "00:13:35", "end": "00:13:37", "text": ">> of curiosity,"}, {"start": "00:13:36", "end": "00:13:40", "text": ">> sorry to interrupt you. When you bought"}, {"start": "00:13:37", "end": "00:13:42", "text": "XRP, was it was obviously below a"}, {"start": "00:13:40", "end": "00:13:44", "text": "dollar, right? I mean, um,"}, {"start": "00:13:42", "end": "00:13:47", "text": ">> yes, I have certain positions below a"}, {"start": "00:13:44", "end": "00:13:48", "text": "dollar. Some are slightly over. Depends."}, {"start": "00:13:47", "end": "00:13:50", "text": ">> Okay. Cool. Cool."}, {"start": "00:13:48", "end": "00:13:53", "text": ">> Yeah. I mean, I remember back in the day"}, {"start": "00:13:50", "end": "00:13:55", "text": "when Salana, sorry, when XRP was, wasn't"}, {"start": "00:13:53", "end": "00:13:58", "text": "it? Uh, yeah. After a major bad news"}, {"start": "00:13:55", "end": "00:13:59", "text": "hit, I remember XRP went to 17 cents."}, {"start": "00:13:58", "end": "00:14:01", "text": ">> Yes."}, {"start": "00:13:59", "end": "00:14:03", "text": ">> Or 18 cents. And I was very bullish on"}, {"start": "00:14:01", "end": "00:14:05", "text": "so on on XRP when people thought I was"}, {"start": "00:14:03", "end": "00:14:06", "text": "crazy at the time"}, {"start": "00:14:05", "end": "00:14:09", "text": ">> that I was bullish on XRP."}, {"start": "00:14:06", "end": "00:14:11", "text": ">> Anyway, um sorry, you were about to"}, {"start": "00:14:09", "end": "00:14:12", "text": "mention about this chart. No, I think"}, {"start": "00:14:11", "end": "00:14:14", "text": "it's really interesting what you're"}, {"start": "00:14:12", "end": "00:14:16", "text": "actually mentioning because if we look"}, {"start": "00:14:14", "end": "00:14:19", "text": "at least on this chart that goes back"}, {"start": "00:14:16", "end": "00:14:21", "text": "not to 2017 but at least to 2023, what"}, {"start": "00:14:19", "end": "00:14:24", "text": "we fundamentally see is that the"}, {"start": "00:14:21", "end": "00:14:28", "text": "applications, right, app revenue that"}, {"start": "00:14:24", "end": "00:14:30", "text": "are being built on the XRP ledger um are"}, {"start": "00:14:28", "end": "00:14:32", "text": "actually not generating that much money,"}, {"start": "00:14:30", "end": "00:14:34", "text": "right? You see app revenue for instance"}, {"start": "00:14:32", "end": "00:14:36", "text": "in the month of February of this year"}, {"start": "00:14:34", "end": "00:14:37", "text": "has been $14k."}, {"start": "00:14:36", "end": "00:14:40", "text": ">> Yeah. Yeah."}, {"start": "00:14:37", "end": "00:14:42", "text": ">> Um and why am I mentioning this? Um well"}, {"start": "00:14:40", "end": "00:14:44", "text": "of course when we think about XRP and"}, {"start": "00:14:42", "end": "00:14:46", "text": "its upside potential we always think"}, {"start": "00:14:44", "end": "00:14:50", "text": "about how much request there is and how"}, {"start": "00:14:46", "end": "00:14:52", "text": "much um is XRP actually also used on"}, {"start": "00:14:50", "end": "00:14:53", "text": "chain. What I've been trying to mention"}, {"start": "00:14:52", "end": "00:14:55", "text": "now already for a few times is that the"}, {"start": "00:14:53", "end": "00:14:57", "text": "price that is ultimately visible on the"}, {"start": "00:14:55", "end": "00:14:59", "text": "charts right it's a reflection of so"}, {"start": "00:14:57", "end": "00:15:02", "text": "many different things of fundamentals"}, {"start": "00:14:59", "end": "00:15:05", "text": "maybe of the network usage of euphoria"}, {"start": "00:15:02", "end": "00:15:07", "text": "or of total um fear and uncertainty and"}, {"start": "00:15:05", "end": "00:15:10", "text": "doubt but if we really look at the XRP"}, {"start": "00:15:07", "end": "00:15:13", "text": "network um I'm actually not that"}, {"start": "00:15:10", "end": "00:15:16", "text": "enthusiastic u of course the SEC uh"}, {"start": "00:15:13", "end": "00:15:19", "text": "dismissed the case after Trump there are"}, {"start": "00:15:16", "end": "00:15:21", "text": "ETFs out there um more and more um"}, {"start": "00:15:19", "end": "00:15:23", "text": "tokenization is happening of"}, {"start": "00:15:21", "end": "00:15:25", "text": "institutional funds kind of like boring"}, {"start": "00:15:23", "end": "00:15:27", "text": "everything. Yes, I get that. So in"}, {"start": "00:15:25", "end": "00:15:29", "text": "theory as the fundamentals are good"}, {"start": "00:15:27", "end": "00:15:32", "text": "there are lots of stable coins now also"}, {"start": "00:15:29", "end": "00:15:35", "text": "um actually Ripple's own stable coin uh"}, {"start": "00:15:32", "end": "00:15:36", "text": "ripple the ripple stable coin is also"}, {"start": "00:15:35", "end": "00:15:38", "text": "happening on the chain but then if you"}, {"start": "00:15:36", "end": "00:15:40", "text": "really look at the the value of the"}, {"start": "00:15:38", "end": "00:15:43", "text": "network and the total market cap and"}, {"start": "00:15:40", "end": "00:15:45", "text": "then actually how much money does this"}, {"start": "00:15:43", "end": "00:15:48", "text": "ledger generate it's actually very very"}, {"start": "00:15:45", "end": "00:15:50", "text": "few and also I would like to add that I"}, {"start": "00:15:48", "end": "00:15:52", "text": "mean yes they have lots of"}, {"start": "00:15:50", "end": "00:15:55", "text": "collaborations with central banks right"}, {"start": "00:15:52", "end": "00:15:56", "text": "there's about I think 20 projects"}, {"start": "00:15:55", "end": "00:15:58", "text": "projects that they are running with"}, {"start": "00:15:56", "end": "00:16:01", "text": "central banks globally, but they are all"}, {"start": "00:15:58", "end": "00:16:04", "text": "on like private systems for now. So once"}, {"start": "00:16:01", "end": "00:16:06", "text": "again, yes, maybe it's there they have"}, {"start": "00:16:04", "end": "00:16:08", "text": "been online and they have been out there"}, {"start": "00:16:06", "end": "00:16:10", "text": "for a really really long time. But if we"}, {"start": "00:16:08", "end": "00:16:13", "text": "actually look at how much XRP is needed"}, {"start": "00:16:10", "end": "00:16:15", "text": "to run all these transactions on chain"}, {"start": "00:16:13", "end": "00:16:18", "text": "and how much is actually also used to"}, {"start": "00:16:15", "end": "00:16:20", "text": "facilitate the use of the ledger itself,"}, {"start": "00:16:18", "end": "00:16:23", "text": "it's actually very very little. Not that"}, {"start": "00:16:20", "end": "00:16:24", "text": "much XRP is needed whilst their total"}, {"start": "00:16:23", "end": "00:16:26", "text": "cap is massive, right? It's like a"}, {"start": "00:16:24", "end": "00:16:28", "text": "hundred billion, I believe. And every"}, {"start": "00:16:26", "end": "00:16:29", "text": "month more and more of that gets"}, {"start": "00:16:28", "end": "00:16:30", "text": "unlocked."}, {"start": "00:16:29", "end": "00:16:32", "text": ">> That's interesting. Yeah."}, {"start": "00:16:30", "end": "00:16:34", "text": ">> Long story short, I'm not a massive fan."}, {"start": "00:16:32", "end": "00:16:37", "text": "I think it's a little bit of an anti-"}, {"start": "00:16:34", "end": "00:16:40", "text": "crypto coin, but I hold it myself. Um,"}, {"start": "00:16:37", "end": "00:16:41", "text": "so I I would not I wouldn't necessarily"}, {"start": "00:16:40", "end": "00:16:43", "text": "think that it's the worst thing in the"}, {"start": "00:16:41", "end": "00:16:46", "text": "world to to own them. But yeah,"}, {"start": "00:16:43", "end": "00:16:48", "text": "definitely not my favorite out there."}, {"start": "00:16:46", "end": "00:16:50", "text": ">> Yeah, I mean, it's it's a good I guess"}, {"start": "00:16:48", "end": "00:16:53", "text": "some people I know they own it as a"}, {"start": "00:16:50", "end": "00:16:54", "text": "punt, you know, as a gamble just to see"}, {"start": "00:16:53", "end": "00:16:58", "text": "what happens. And I think that's okay."}, {"start": "00:16:54", "end": "00:17:00", "text": "That's all right. Um I think that buying"}, {"start": "00:16:58", "end": "00:17:02", "text": "something like XRP is probably better"}, {"start": "00:17:00", "end": "00:17:03", "text": "than buying a lottery ticket because at"}, {"start": "00:17:02", "end": "00:17:06", "text": "least with the lottery ticket, you're"}, {"start": "00:17:03", "end": "00:17:08", "text": "guaranteed to lose."}, {"start": "00:17:06", "end": "00:17:09", "text": "With with XRP, maybe there's something"}, {"start": "00:17:08", "end": "00:17:11", "text": "in there. Maybe there's something might"}, {"start": "00:17:09", "end": "00:17:12", "text": "happen. Probably sometime this decade,"}, {"start": "00:17:11", "end": "00:17:15", "text": "we'll find out which one of these"}, {"start": "00:17:12", "end": "00:17:16", "text": "altcoins will survive and which one"}, {"start": "00:17:15", "end": "00:17:18", "text": "won't."}, {"start": "00:17:16", "end": "00:17:20", "text": ">> I think to an extent, sorry if only."}, {"start": "00:17:18", "end": "00:17:21", "text": "Final point. I know this is annoying."}, {"start": "00:17:20", "end": "00:17:22", "text": "I'm just enthusiastic."}, {"start": "00:17:21", "end": "00:17:25", "text": ">> No, no, it's fine. It's good. Final"}, {"start": "00:17:22", "end": "00:17:26", "text": "point, you could argue right now just"}, {"start": "00:17:25", "end": "00:17:28", "text": "because not so much money has been"}, {"start": "00:17:26", "end": "00:17:30", "text": "trickling down, right, from Bitcoin"}, {"start": "00:17:28", "end": "00:17:32", "text": "towards the other altcoins and lower"}, {"start": "00:17:30", "end": "00:17:35", "text": "lower and all so much of the retail"}, {"start": "00:17:32", "end": "00:17:37", "text": "money has been going to meme coins and"}, {"start": "00:17:35", "end": "00:17:39", "text": "you know other types of frenzies. What"}, {"start": "00:17:37", "end": "00:17:41", "text": "you could argue though is that currently"}, {"start": "00:17:39", "end": "00:17:44", "text": "most of the altcoins are arguably"}, {"start": "00:17:41", "end": "00:17:46", "text": "trading quite close to their fundamental"}, {"start": "00:17:44", "end": "00:17:49", "text": "value just because there is a whole lot"}, {"start": "00:17:46", "end": "00:17:51", "text": "less hype there. So, I'm not saying you"}, {"start": "00:17:49", "end": "00:17:54", "text": "should invest right now, but if you"}, {"start": "00:17:51", "end": "00:17:56", "text": "scope out a project that you like,"}, {"start": "00:17:54", "end": "00:17:58", "text": "definitely an opportunity if you believe"}, {"start": "00:17:56", "end": "00:17:59", "text": "that this could be a winner for tomorrow"}, {"start": "00:17:58", "end": "00:18:00", "text": "and for the future economy."}, {"start": "00:17:59", "end": "00:18:02", "text": ">> That's a really interesting point."}, {"start": "00:18:00", "end": "00:18:05", "text": "Thanks, Alexandra. Yeah, that that that"}, {"start": "00:18:02", "end": "00:18:07", "text": "definitely I never thought about that."}, {"start": "00:18:05", "end": "00:18:08", "text": "Yeah, it's it's a very good one. Uh"}, {"start": "00:18:07", "end": "00:18:12", "text": "which which actually makes me think,"}, {"start": "00:18:08", "end": "00:18:14", "text": "yeah, maybe I maybe I'll buy some soon."}, {"start": "00:18:12", "end": "00:18:16", "text": "So, Alexandra, how can people find out"}, {"start": "00:18:14", "end": "00:18:18", "text": "more about yourself and get involved"}, {"start": "00:18:16", "end": "00:18:20", "text": "with what you're doing? Uh, of course"}, {"start": "00:18:18", "end": "00:18:23", "text": "guys, do check out Alexandra's website,"}, {"start": "00:18:20", "end": "00:18:23", "text": "thrilledabs.io, and also her LinkedIn"}, {"start": "00:18:23", "end": "00:18:24", "text": "page."}, {"start": "00:18:23", "end": "00:18:26", "text": ">> Yeah, thank you Allesia. I really"}, {"start": "00:18:24", "end": "00:18:29", "text": "appreciate it. Thank you for having had"}, {"start": "00:18:26", "end": "00:18:31", "text": "me in your in your videos. So, um,"}, {"start": "00:18:29", "end": "00:18:33", "text": "people can of course reach um reach me"}, {"start": "00:18:31", "end": "00:18:34", "text": "on LinkedIn. Uh, some people have"}, {"start": "00:18:33", "end": "00:18:36", "text": "already done that in the past, lovely"}, {"start": "00:18:34", "end": "00:18:37", "text": "folks that are watching your videos,"}, {"start": "00:18:36", "end": "00:18:40", "text": "wonderful people from all over the"}, {"start": "00:18:37", "end": "00:18:41", "text": "world. Honestly, there's one thing that"}, {"start": "00:18:40", "end": "00:18:43", "text": "I would maybe recommend people to do. If"}, {"start": "00:18:41", "end": "00:18:46", "text": "you're interested in crypto, right, try"}, {"start": "00:18:43", "end": "00:18:48", "text": "to go to a crypto event or a conference"}, {"start": "00:18:46", "end": "00:18:50", "text": "one day. There are thousands literally"}, {"start": "00:18:48", "end": "00:18:52", "text": "that being organized all over the world"}, {"start": "00:18:50", "end": "00:18:54", "text": "almost in any country and just try to"}, {"start": "00:18:52", "end": "00:18:55", "text": "get in. If you don't have enough money"}, {"start": "00:18:54", "end": "00:18:57", "text": "maybe for a ticket because sometimes"}, {"start": "00:18:55", "end": "00:19:00", "text": "they're expensive. You can also try to"}, {"start": "00:18:57", "end": "00:19:02", "text": "contact me because we work at throat"}, {"start": "00:19:00", "end": "00:19:04", "text": "labs with lots of events and we usually"}, {"start": "00:19:02", "end": "00:19:05", "text": "get lots of free tickets for almost all"}, {"start": "00:19:04", "end": "00:19:07", "text": "events. So then I'm happy to pass"}, {"start": "00:19:05", "end": "00:19:09", "text": "something on to you or perhaps we can go"}, {"start": "00:19:07", "end": "00:19:12", "text": "somewhere together, right? I'm at lots"}, {"start": "00:19:09", "end": "00:19:14", "text": "of events. Um so I would just want to"}, {"start": "00:19:12", "end": "00:19:16", "text": "point that out there. Um that the crypto"}, {"start": "00:19:14", "end": "00:19:18", "text": "is for everyone. Anyone can come build"}, {"start": "00:19:16", "end": "00:19:20", "text": "in our industry. Anyone can become a"}, {"start": "00:19:18", "end": "00:19:21", "text": "professional. Just inform yourself. Make"}, {"start": "00:19:20", "end": "00:19:24", "text": "sure that you reach out to the right"}, {"start": "00:19:21", "end": "00:19:26", "text": "people. And um yeah, ultimately crypto"}, {"start": "00:19:24", "end": "00:19:28", "text": "is built by people even though we're on"}, {"start": "00:19:26", "end": "00:19:30", "text": "in the tech sector together. And in"}, {"start": "00:19:28", "end": "00:19:32", "text": "crypto most of us are also just trying"}, {"start": "00:19:30", "end": "00:19:34", "text": "to build a better world and everyone is"}, {"start": "00:19:32", "end": "00:19:36", "text": "welcome regardless of who you are, where"}, {"start": "00:19:34", "end": "00:19:38", "text": "you're based, we know or where you go as"}, {"start": "00:19:36", "end": "00:19:40", "text": "I say in my pitches to investors and I"}, {"start": "00:19:38", "end": "00:19:42", "text": "do believe that. So feel free to reach"}, {"start": "00:19:40", "end": "00:19:43", "text": "out and happy to chat."}, {"start": "00:19:42", "end": "00:19:45", "text": ">> Thanks very much Alexandra and guys do"}, {"start": "00:19:43", "end": "00:19:48", "text": "check it out. It's in the description."}, {"start": "00:19:45", "end": "00:19:48", "text": "Much appreciated."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey guys, Alex. Hope you're well. So, in"}, {"start": "00:00:01", "end": "00:00:03", "text": "this video, I want to talk to you about"}, {"start": "00:00:02", "end": "00:00:05", "text": "something many have been asking me"}, {"start": "00:00:03", "end": "00:00:06", "text": "about, which is the price of crude oil."}, {"start": "00:00:05", "end": "00:00:08", "text": "As we've seen, crude oil prices have"}, {"start": "00:00:06", "end": "00:00:10", "text": "skyrocketed, especially in the wake of"}, {"start": "00:00:08", "end": "00:00:11", "text": "what's happening in the Middle East with"}, {"start": "00:00:10", "end": "00:00:13", "text": "the Iran war. And obviously, a lot of"}, {"start": "00:00:11", "end": "00:00:14", "text": "people are quite worried and they've"}, {"start": "00:00:13", "end": "00:00:16", "text": "been asking, you know, what could happen"}, {"start": "00:00:14", "end": "00:00:18", "text": "to the price of crude. Are we going to"}, {"start": "00:00:16", "end": "00:00:21", "text": "be in the middle of a crisis perhaps"}, {"start": "00:00:18", "end": "00:00:22", "text": "even of gas prices likely soaring? And"}, {"start": "00:00:21", "end": "00:00:23", "text": "what are the charts of crude oil telling"}, {"start": "00:00:22", "end": "00:00:25", "text": "us? So, we'll have a look at these"}, {"start": "00:00:23", "end": "00:00:28", "text": "important charts. All right, guys. Join"}, {"start": "00:00:25", "end": "00:00:28", "text": "me."}, {"start": "00:00:31", "end": "00:00:34", "text": "All right, guys. Welcome back. Speaking"}, {"start": "00:00:32", "end": "00:00:36", "text": "today from Alan Ana in Turkey. Beautiful"}, {"start": "00:00:34", "end": "00:00:38", "text": "place, by the way. All right, guys. So,"}, {"start": "00:00:36", "end": "00:00:40", "text": "about crude oil. Uh, now certainly as"}, {"start": "00:00:38", "end": "00:00:42", "text": "I'm making this video about crude oil,"}, {"start": "00:00:40", "end": "00:00:44", "text": "as I'm sure you probably know, in the"}, {"start": "00:00:42", "end": "00:00:46", "text": "major news headlines, we have the Iran"}, {"start": "00:00:44", "end": "00:00:47", "text": "war and of course news about the straits"}, {"start": "00:00:46", "end": "00:00:49", "text": "of hormoons in the Middle East. All"}, {"start": "00:00:47", "end": "00:00:50", "text": "right, guys. So, let's talk about this."}, {"start": "00:00:49", "end": "00:00:53", "text": "First of all, let me say that I think"}, {"start": "00:00:50", "end": "00:00:56", "text": "it's a dangerous mistake to often"}, {"start": "00:00:53", "end": "00:00:57", "text": "correlate what's happening in the news"}, {"start": "00:00:56", "end": "00:00:59", "text": "with what's happening on the price"}, {"start": "00:00:57", "end": "00:01:01", "text": "charts. For example, the price of crude"}, {"start": "00:00:59", "end": "00:01:03", "text": "oil. I know this makes common sense and"}, {"start": "00:01:01", "end": "00:01:06", "text": "a lot of people unfortunately still"}, {"start": "00:01:03", "end": "00:01:08", "text": "think that prices or for example crude"}, {"start": "00:01:06", "end": "00:01:10", "text": "oil prices or price of anything actually"}, {"start": "00:01:08", "end": "00:01:12", "text": "in the markets has to follow some kind"}, {"start": "00:01:10", "end": "00:01:14", "text": "of logical common sense. That's the"}, {"start": "00:01:12", "end": "00:01:16", "text": "general approach that a lot of people"}, {"start": "00:01:14", "end": "00:01:18", "text": "have about the markets and unfortunately"}, {"start": "00:01:16", "end": "00:01:20", "text": "it's wrong. It is incorrect. In fact,"}, {"start": "00:01:18", "end": "00:01:22", "text": "there have been several studies that"}, {"start": "00:01:20", "end": "00:01:24", "text": "have shown that news has very little to"}, {"start": "00:01:22", "end": "00:01:26", "text": "do with what's actually going on on the"}, {"start": "00:01:24", "end": "00:01:28", "text": "price charts or the charts of any"}, {"start": "00:01:26", "end": "00:01:30", "text": "market. And actually, often what usually"}, {"start": "00:01:28", "end": "00:01:32", "text": "happens is against common sense and"}, {"start": "00:01:30", "end": "00:01:33", "text": "against logic. So, even though it's very"}, {"start": "00:01:32", "end": "00:01:36", "text": "easy at the moment to look at the chart"}, {"start": "00:01:33", "end": "00:01:37", "text": "of crude oil and say, \"Ah, okay, the"}, {"start": "00:01:36", "end": "00:01:39", "text": "price is skyrocketing because of the"}, {"start": "00:01:37", "end": "00:01:41", "text": "Iran war.\" And certainly, listen, I'm"}, {"start": "00:01:39", "end": "00:01:43", "text": "not saying that uncertainties and"}, {"start": "00:01:41", "end": "00:01:44", "text": "worries about what's happening in the"}, {"start": "00:01:43", "end": "00:01:46", "text": "Middle East have nothing to do with it."}, {"start": "00:01:44", "end": "00:01:48", "text": "No, I'm not saying that. I think that"}, {"start": "00:01:46", "end": "00:01:50", "text": "investors in general are worried and"}, {"start": "00:01:48", "end": "00:01:51", "text": "have concerns about what's happening in"}, {"start": "00:01:50", "end": "00:01:53", "text": "the Middle East and potentially with"}, {"start": "00:01:51", "end": "00:01:55", "text": "regard to price of crude oil. So I do"}, {"start": "00:01:53", "end": "00:01:57", "text": "think there's a general fear and panic"}, {"start": "00:01:55", "end": "00:02:00", "text": "which is behind the sentiment with"}, {"start": "00:01:57", "end": "00:02:03", "text": "regards crude oil. And as we know price"}, {"start": "00:02:00", "end": "00:02:06", "text": "is driven by sentiment by fear, greed,"}, {"start": "00:02:03", "end": "00:02:07", "text": "optimism and pessimism, not so much the"}, {"start": "00:02:06", "end": "00:02:10", "text": "news itself. And that is why the price"}, {"start": "00:02:07", "end": "00:02:11", "text": "of a market or commodity often has very"}, {"start": "00:02:10", "end": "00:02:13", "text": "little to do what's going on in the"}, {"start": "00:02:11", "end": "00:02:15", "text": "news. Anyway, what I want to focus on is"}, {"start": "00:02:13", "end": "00:02:17", "text": "looking at the chart of crude oil from a"}, {"start": "00:02:15", "end": "00:02:18", "text": "technical perspective, not a"}, {"start": "00:02:17", "end": "00:02:21", "text": "fundamentals perspective. Because as we"}, {"start": "00:02:18", "end": "00:02:23", "text": "know, fundamentals lag price. We have to"}, {"start": "00:02:21", "end": "00:02:26", "text": "remember that doing analysis by looking"}, {"start": "00:02:23", "end": "00:02:28", "text": "at fundamentals is often like driving"}, {"start": "00:02:26", "end": "00:02:30", "text": "but only looking at the rearview mirror."}, {"start": "00:02:28", "end": "00:02:32", "text": "I really think that it's important to"}, {"start": "00:02:30", "end": "00:02:33", "text": "look at what the charts are telling us."}, {"start": "00:02:32", "end": "00:02:36", "text": "And as you can see here, guys, the chart"}, {"start": "00:02:33", "end": "00:02:38", "text": "of crude oil as it skyrocketed and went"}, {"start": "00:02:36", "end": "00:02:40", "text": "over $100 a barrel extremely fast. As we"}, {"start": "00:02:38", "end": "00:02:42", "text": "can see here, crude oil broke out of"}, {"start": "00:02:40", "end": "00:02:43", "text": "those trend lines that we have there,"}, {"start": "00:02:42", "end": "00:02:46", "text": "the channel, and went very quickly to"}, {"start": "00:02:43", "end": "00:02:47", "text": "about $100 and actually went over $100 a"}, {"start": "00:02:46", "end": "00:02:49", "text": "barrel. And here's the thing, guys."}, {"start": "00:02:47", "end": "00:02:51", "text": "Because crude oil prices became"}, {"start": "00:02:49", "end": "00:02:53", "text": "parabolic, they also went too far too"}, {"start": "00:02:51", "end": "00:02:55", "text": "fast. And what's happened is, as you can"}, {"start": "00:02:53", "end": "00:02:57", "text": "see on the chart, crude oil has now"}, {"start": "00:02:55", "end": "00:02:59", "text": "triggered what's called an acceleration"}, {"start": "00:02:57", "end": "00:03:02", "text": "extreme. And not just any acceleration"}, {"start": "00:02:59", "end": "00:03:04", "text": "extreme, but red and purple acceleration"}, {"start": "00:03:02", "end": "00:03:06", "text": "extremes. And actually, we changed the"}, {"start": "00:03:04", "end": "00:03:08", "text": "settings to strict. You can see that on"}, {"start": "00:03:06", "end": "00:03:10", "text": "the strict setting of the acceleration"}, {"start": "00:03:08", "end": "00:03:12", "text": "extreme indicator, we have a red"}, {"start": "00:03:10", "end": "00:03:15", "text": "acceleration extreme. So again, this"}, {"start": "00:03:12", "end": "00:03:17", "text": "shows extremely overstretched overbought"}, {"start": "00:03:15", "end": "00:03:18", "text": "conditions on the price of crude oil."}, {"start": "00:03:17", "end": "00:03:20", "text": "And here's the thing, guys. You're"}, {"start": "00:03:18", "end": "00:03:21", "text": "probably wondering, well, okay, so what?"}, {"start": "00:03:20", "end": "00:03:23", "text": "Well, here's the thing, guys. If you"}, {"start": "00:03:21", "end": "00:03:25", "text": "look at previous times when crude oil"}, {"start": "00:03:23", "end": "00:03:27", "text": "has triggered these extreme"}, {"start": "00:03:25", "end": "00:03:29", "text": "accelerations, okay, these extreme"}, {"start": "00:03:27", "end": "00:03:31", "text": "overbought, overstretched conditions,"}, {"start": "00:03:29", "end": "00:03:32", "text": "you will see what crude oil has done"}, {"start": "00:03:31", "end": "00:03:35", "text": "afterwards. For example, the last time"}, {"start": "00:03:32", "end": "00:03:38", "text": "this triggered was in 2022. In the"}, {"start": "00:03:35", "end": "00:03:40", "text": "spring of 2022, we had the price of"}, {"start": "00:03:38", "end": "00:03:42", "text": "crude oil skyrocketing, went up very"}, {"start": "00:03:40", "end": "00:03:44", "text": "fast, as you can see here. But look at"}, {"start": "00:03:42", "end": "00:03:45", "text": "this. We had extreme acceleration. We"}, {"start": "00:03:44", "end": "00:03:47", "text": "had red and purple acceleration"}, {"start": "00:03:45", "end": "00:03:49", "text": "extremes. And notice what happened. Then"}, {"start": "00:03:47", "end": "00:03:51", "text": "the price of crude oil pretty much made"}, {"start": "00:03:49", "end": "00:03:53", "text": "a top and then dropped quite sharply. It"}, {"start": "00:03:51", "end": "00:03:55", "text": "actually had a major pullback and"}, {"start": "00:03:53", "end": "00:03:58", "text": "actually over the course of time, it"}, {"start": "00:03:55", "end": "00:03:59", "text": "then gradually declined further. So it"}, {"start": "00:03:58", "end": "00:04:01", "text": "did not actually go much higher than"}, {"start": "00:03:59", "end": "00:04:02", "text": "that. and as a matter of fact, form the"}, {"start": "00:04:01", "end": "00:04:05", "text": "top right there. Here's another example"}, {"start": "00:04:02", "end": "00:04:07", "text": "for you from the year 1996. Again, the"}, {"start": "00:04:05", "end": "00:04:09", "text": "price of crude oil rallied strongly. We"}, {"start": "00:04:07", "end": "00:04:11", "text": "had red and purple acceleration extremes"}, {"start": "00:04:09", "end": "00:04:13", "text": "again showing extreme overbought"}, {"start": "00:04:11", "end": "00:04:14", "text": "conditions. And look at this. Then the"}, {"start": "00:04:13", "end": "00:04:17", "text": "price of crude oil pretty much made the"}, {"start": "00:04:14", "end": "00:04:18", "text": "top and then dropped quite sharply. As"}, {"start": "00:04:17", "end": "00:04:20", "text": "as a matter of fact, it dropped back to"}, {"start": "00:04:18", "end": "00:04:23", "text": "the averages and declined in doubledigit"}, {"start": "00:04:20", "end": "00:04:25", "text": "percentages. All right, guys. So, a very"}, {"start": "00:04:23", "end": "00:04:27", "text": "swift and very sharp drop in the price"}, {"start": "00:04:25", "end": "00:04:28", "text": "of crude. The one before that, by the"}, {"start": "00:04:27", "end": "00:04:30", "text": "way, you can see a couple of examples."}, {"start": "00:04:28", "end": "00:04:33", "text": "in the year 1990. So you can see in the"}, {"start": "00:04:30", "end": "00:04:35", "text": "year 1990 the first time that occurred"}, {"start": "00:04:33", "end": "00:04:37", "text": "again exploration extremes occurred on"}, {"start": "00:04:35", "end": "00:04:39", "text": "the price of crude oil and then pretty"}, {"start": "00:04:37", "end": "00:04:41", "text": "much oil then topped there and then"}, {"start": "00:04:39", "end": "00:04:43", "text": "dropped quite sharply back to its"}, {"start": "00:04:41", "end": "00:04:44", "text": "averages. There are some other examples"}, {"start": "00:04:43", "end": "00:04:46", "text": "in the year 1990. I want to show you"}, {"start": "00:04:44", "end": "00:04:48", "text": "here. Now the first couple of times when"}, {"start": "00:04:46", "end": "00:04:50", "text": "the acceleration extreme occurred, oil"}, {"start": "00:04:48", "end": "00:04:52", "text": "made a slight pullback but then continue"}, {"start": "00:04:50", "end": "00:04:54", "text": "to rally further higher. But look at"}, {"start": "00:04:52", "end": "00:04:56", "text": "this. The next time that the price of"}, {"start": "00:04:54", "end": "00:04:57", "text": "crude went up and then triggered an"}, {"start": "00:04:56", "end": "00:04:59", "text": "acceleration extreme, you can see it"}, {"start": "00:04:57", "end": "00:05:01", "text": "formed a top, okay? And then pretty much"}, {"start": "00:04:59", "end": "00:05:02", "text": "it then dropped quite sharply back down"}, {"start": "00:05:01", "end": "00:05:05", "text": "to its averages. So guys, looking at"}, {"start": "00:05:02", "end": "00:05:07", "text": "these examples, we can see that in"}, {"start": "00:05:05", "end": "00:05:09", "text": "previous times in history when the price"}, {"start": "00:05:07", "end": "00:05:11", "text": "of crude oil has skyrocketed, have"}, {"start": "00:05:09", "end": "00:05:13", "text": "become parabolic and triggered"}, {"start": "00:05:11", "end": "00:05:16", "text": "acceleration extremes again 2022, 1996"}, {"start": "00:05:13", "end": "00:05:18", "text": "and 1990 several times. We can see a"}, {"start": "00:05:16", "end": "00:05:20", "text": "general pattern that the price of crude"}, {"start": "00:05:18", "end": "00:05:21", "text": "oil pretty much soon afterwards makes a"}, {"start": "00:05:20", "end": "00:05:24", "text": "top. In other words, becomes extremely"}, {"start": "00:05:21", "end": "00:05:26", "text": "overstretched, overbought, and then it"}, {"start": "00:05:24", "end": "00:05:28", "text": "drops back down usually in double digit"}, {"start": "00:05:26", "end": "00:05:30", "text": "percentages back to its averages and"}, {"start": "00:05:28", "end": "00:05:32", "text": "sometimes it forms a long-term top as"}, {"start": "00:05:30", "end": "00:05:34", "text": "well. Now, we can see right now we have"}, {"start": "00:05:32", "end": "00:05:35", "text": "very similar situation. Now, I know some"}, {"start": "00:05:34", "end": "00:05:37", "text": "people are going to say, well, this time"}, {"start": "00:05:35", "end": "00:05:40", "text": "is different because of the Iran war and"}, {"start": "00:05:37", "end": "00:05:42", "text": "things like that. Guys, the fact is in"}, {"start": "00:05:40", "end": "00:05:44", "text": "previous occasions too, people have"}, {"start": "00:05:42", "end": "00:05:45", "text": "always said this time is different and"}, {"start": "00:05:44", "end": "00:05:47", "text": "it wasn't. So we have to be very"}, {"start": "00:05:45", "end": "00:05:49", "text": "cautious when people say oh this time is"}, {"start": "00:05:47", "end": "00:05:51", "text": "different because of so and so reasons."}, {"start": "00:05:49", "end": "00:05:53", "text": "No, we need to remain as objective as"}, {"start": "00:05:51", "end": "00:05:55", "text": "possible given the extreme overbought"}, {"start": "00:05:53", "end": "00:05:56", "text": "conditions, overstretch conditions with"}, {"start": "00:05:55", "end": "00:05:59", "text": "acceleration extremes as we can see here"}, {"start": "00:05:56", "end": "00:06:01", "text": "right now in 2026 as I'm making this in"}, {"start": "00:05:59", "end": "00:06:04", "text": "March of 2026 with oil also reaching"}, {"start": "00:06:01", "end": "00:06:06", "text": "resistance and again becoming extremely"}, {"start": "00:06:04", "end": "00:06:07", "text": "overstretched overbought parabolic with"}, {"start": "00:06:06", "end": "00:06:10", "text": "extreme acceleration readings. I think"}, {"start": "00:06:07", "end": "00:06:11", "text": "the probabilities are quite high that we"}, {"start": "00:06:10", "end": "00:06:13", "text": "could see some kind of a top forming in"}, {"start": "00:06:11", "end": "00:06:14", "text": "the next several weeks and months. Now"}, {"start": "00:06:13", "end": "00:06:16", "text": "again this doesn't have to happen"}, {"start": "00:06:14", "end": "00:06:18", "text": "immediately. It is possible for bulls to"}, {"start": "00:06:16", "end": "00:06:19", "text": "push this a bit further higher but I"}, {"start": "00:06:18", "end": "00:06:21", "text": "think we need to watch the price of"}, {"start": "00:06:19", "end": "00:06:24", "text": "crude oil very carefully. If oil can"}, {"start": "00:06:21", "end": "00:06:26", "text": "break down below this support at 76.73"}, {"start": "00:06:24", "end": "00:06:28", "text": "it would significantly increase the"}, {"start": "00:06:26", "end": "00:06:30", "text": "probability of a top in the price of"}, {"start": "00:06:28", "end": "00:06:32", "text": "crude oil and then drop back to its"}, {"start": "00:06:30", "end": "00:06:33", "text": "averages. Now this has not happened as"}, {"start": "00:06:32", "end": "00:06:34", "text": "yet but I think it could potentially"}, {"start": "00:06:33", "end": "00:06:36", "text": "happen in the next several weeks and"}, {"start": "00:06:34", "end": "00:06:38", "text": "months. And by the way this video is by"}, {"start": "00:06:36", "end": "00:06:40", "text": "no means a recommendation to sell or"}, {"start": "00:06:38", "end": "00:06:42", "text": "short or buy into crude oil. This video"}, {"start": "00:06:40", "end": "00:06:43", "text": "is purely for educational purposes. So"}, {"start": "00:06:42", "end": "00:06:44", "text": "all I want to do is shed some light"}, {"start": "00:06:43", "end": "00:06:47", "text": "what's going on on the chart of crude"}, {"start": "00:06:44", "end": "00:06:48", "text": "oil. And to me uh based on what I'm"}, {"start": "00:06:47", "end": "00:06:51", "text": "seeing here, I think this particular"}, {"start": "00:06:48", "end": "00:06:53", "text": "rally has run its course. I think there"}, {"start": "00:06:51", "end": "00:06:55", "text": "are strong indications here on oil that"}, {"start": "00:06:53", "end": "00:06:57", "text": "we could be reaching a likely top in the"}, {"start": "00:06:55", "end": "00:06:58", "text": "next several weeks and months. Even if"}, {"start": "00:06:57", "end": "00:07:00", "text": "it continues to push a bit further"}, {"start": "00:06:58", "end": "00:07:02", "text": "higher, I think this rally is going to"}, {"start": "00:07:00", "end": "00:07:05", "text": "be temporary. And guys, about the Iran"}, {"start": "00:07:02", "end": "00:07:06", "text": "war, I think that also is more likely to"}, {"start": "00:07:05", "end": "00:07:08", "text": "be temporary as well. I don't think the"}, {"start": "00:07:06", "end": "00:07:09", "text": "situation with the Iran war is going to"}, {"start": "00:07:08", "end": "00:07:10", "text": "continue for a very long time. I think"}, {"start": "00:07:09", "end": "00:07:12", "text": "it's going to be temporary. I think the"}, {"start": "00:07:10", "end": "00:07:14", "text": "price of crude oil is likely to top in"}, {"start": "00:07:12", "end": "00:07:17", "text": "the next several weeks and months before"}, {"start": "00:07:14", "end": "00:07:19", "text": "any major news comes out about Iran"}, {"start": "00:07:17", "end": "00:07:21", "text": "before some potential positive news"}, {"start": "00:07:19", "end": "00:07:23", "text": "comes out because as we know price often"}, {"start": "00:07:21", "end": "00:07:25", "text": "moves ahead of the news again"}, {"start": "00:07:23", "end": "00:07:27", "text": "fundamentals are usually lagging and by"}, {"start": "00:07:25", "end": "00:07:28", "text": "the way guys there's one other thing"}, {"start": "00:07:27", "end": "00:07:31", "text": "which makes me cautious which is that"}, {"start": "00:07:28", "end": "00:07:33", "text": "XLE the energy or oil stocks ETF this"}, {"start": "00:07:31", "end": "00:07:35", "text": "chart has not confirmed the recent rally"}, {"start": "00:07:33", "end": "00:07:37", "text": "we've seen the price of crude oil so"}, {"start": "00:07:35", "end": "00:07:39", "text": "whereas oil has continued to skyrocket"}, {"start": "00:07:37", "end": "00:07:40", "text": "higher XLE as a matter of fact has not"}, {"start": "00:07:39", "end": "00:07:42", "text": "confirmed that it has pulled back and"}, {"start": "00:07:40", "end": "00:07:44", "text": "dropped. So that non-confirmation on the"}, {"start": "00:07:42", "end": "00:07:46", "text": "chart of XLE should make us cautious"}, {"start": "00:07:44", "end": "00:07:48", "text": "here. So in a nutshell, guys, uh I think"}, {"start": "00:07:46", "end": "00:07:50", "text": "that in the next several months, uh"}, {"start": "00:07:48", "end": "00:07:52", "text": "we're going to see the price of crude"}, {"start": "00:07:50", "end": "00:07:54", "text": "oil eventually dropping back down below"}, {"start": "00:07:52", "end": "00:07:56", "text": "80 and likely dropping back down to its"}, {"start": "00:07:54", "end": "00:07:58", "text": "averages. And as mentioned, oil has to"}, {"start": "00:07:56", "end": "00:08:01", "text": "break down below this recent low, this"}, {"start": "00:07:58", "end": "00:08:04", "text": "recent support at 76.73 to increase the"}, {"start": "00:08:01", "end": "00:08:05", "text": "probability that a top has formed. So I"}, {"start": "00:08:04", "end": "00:08:07", "text": "don't think this particular rally is"}, {"start": "00:08:05", "end": "00:08:09", "text": "going to continue for too long. I think"}, {"start": "00:08:07", "end": "00:08:10", "text": "it's a short-term rally and I think in"}, {"start": "00:08:09", "end": "00:08:12", "text": "the next several weeks and months we're"}, {"start": "00:08:10", "end": "00:08:14", "text": "going to see a top potentially a"}, {"start": "00:08:12", "end": "00:08:16", "text": "long-term top or a medium-term top in"}, {"start": "00:08:14", "end": "00:08:19", "text": "the price of crude which means that even"}, {"start": "00:08:16", "end": "00:08:20", "text": "if fuel prices or gas prices go up in"}, {"start": "00:08:19", "end": "00:08:22", "text": "the short term I don't think it's going"}, {"start": "00:08:20", "end": "00:08:24", "text": "to last too long. I think fuel prices"}, {"start": "00:08:22", "end": "00:08:26", "text": "and gas prices eventually will drop back"}, {"start": "00:08:24", "end": "00:08:28", "text": "down by the end of this year to lower"}, {"start": "00:08:26", "end": "00:08:30", "text": "prices. Once crude oil breaks support,"}, {"start": "00:08:28", "end": "00:08:32", "text": "then the odds increase for some kind of"}, {"start": "00:08:30", "end": "00:08:33", "text": "pullback correction and indeed a major"}, {"start": "00:08:32", "end": "00:08:34", "text": "drop down. All right, guys. Hope this"}, {"start": "00:08:33", "end": "00:08:36", "text": "video helps. If it has, please give it a"}, {"start": "00:08:34", "end": "00:08:40", "text": "like and subscribe and I'll see you guys"}, {"start": "00:08:36", "end": "00:08:40", "text": "next video up. Cheers."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Hey guys, Allesia. Hope you're well."}, {"start": "00:00:01", "end": "00:00:04", "text": "Speaking to you today from Alania in"}, {"start": "00:00:03", "end": "00:00:05", "text": "Turkey. Today I want to take a look at"}, {"start": "00:00:04", "end": "00:00:08", "text": "the chart of Bitcoin and explain to you"}, {"start": "00:00:05", "end": "00:00:09", "text": "what the situation is very briefly. I'll"}, {"start": "00:00:08", "end": "00:00:12", "text": "keep this short and sweet for you guys."}, {"start": "00:00:09", "end": "00:00:13", "text": "By the way, just uh got here to Alania."}, {"start": "00:00:12", "end": "00:00:14", "text": "Beautiful place here in Turkey if you've"}, {"start": "00:00:13", "end": "00:00:16", "text": "never been. All right, guys. Talking"}, {"start": "00:00:14", "end": "00:00:18", "text": "about chart of Bitcoin. Uh so, Bitcoin"}, {"start": "00:00:16", "end": "00:00:20", "text": "so far after the major crash that"}, {"start": "00:00:18", "end": "00:00:22", "text": "occurred uh back in February when"}, {"start": "00:00:20", "end": "00:00:25", "text": "Bitcoin's price plummeted to about the"}, {"start": "00:00:22", "end": "00:00:26", "text": "60K region, then we had a bounce. Now,"}, {"start": "00:00:25", "end": "00:00:29", "text": "this bounce or rally that you've seen so"}, {"start": "00:00:26", "end": "00:00:31", "text": "far, again, this was anticipated. Uh so"}, {"start": "00:00:29", "end": "00:00:33", "text": "again after a huge drop like that it's"}, {"start": "00:00:31", "end": "00:00:35", "text": "normal to get some kind of a again some"}, {"start": "00:00:33", "end": "00:00:36", "text": "kind of reversion to the mean or what's"}, {"start": "00:00:35", "end": "00:00:38", "text": "called a deadcat bounce something like"}, {"start": "00:00:36", "end": "00:00:40", "text": "that. And listen guys Bitcoin so far has"}, {"start": "00:00:38", "end": "00:00:42", "text": "not done anything to show that a bottom"}, {"start": "00:00:40", "end": "00:00:45", "text": "has been reached. So despite this recent"}, {"start": "00:00:42", "end": "00:00:47", "text": "bounce I'm not convinced that a likely"}, {"start": "00:00:45", "end": "00:00:49", "text": "bottom has been reached on Bitcoin and I"}, {"start": "00:00:47", "end": "00:00:51", "text": "think the probabilities are that we"}, {"start": "00:00:49", "end": "00:00:53", "text": "might see a lower low and the reason is"}, {"start": "00:00:51", "end": "00:00:56", "text": "this. If you look at the recent bounce"}, {"start": "00:00:53", "end": "00:00:57", "text": "on Bitcoin the pattern looks corrective."}, {"start": "00:00:56", "end": "00:00:59", "text": "What I mean by that? Well, if you look"}, {"start": "00:00:57", "end": "00:01:01", "text": "at the structure and the pattern of the"}, {"start": "00:00:59", "end": "00:01:03", "text": "recent bounce or the rally, it's"}, {"start": "00:01:01", "end": "00:01:06", "text": "composed of three waves. As you can see"}, {"start": "00:01:03", "end": "00:01:08", "text": "here, a likely Awave, Bwave, and a"}, {"start": "00:01:06", "end": "00:01:10", "text": "C-wave. Okay? So, what needs to happen?"}, {"start": "00:01:08", "end": "00:01:11", "text": "Here's the thing, guys. What needs to"}, {"start": "00:01:10", "end": "00:01:14", "text": "happen before the probability of a"}, {"start": "00:01:11", "end": "00:01:16", "text": "bottom increases is a fivewave move, an"}, {"start": "00:01:14", "end": "00:01:18", "text": "impulsive rally. But the rally you've"}, {"start": "00:01:16", "end": "00:01:20", "text": "seen so far on Bitcoin the last few"}, {"start": "00:01:18", "end": "00:01:22", "text": "weeks since the major crash has been"}, {"start": "00:01:20", "end": "00:01:23", "text": "composed of three waves, which is a"}, {"start": "00:01:22", "end": "00:01:25", "text": "corrective structure. And by the way"}, {"start": "00:01:23", "end": "00:01:27", "text": "guys, the rally on Bitcoin has not"}, {"start": "00:01:25", "end": "00:01:28", "text": "broken above resistance. I've covered"}, {"start": "00:01:27", "end": "00:01:30", "text": "this in the members video where the"}, {"start": "00:01:28", "end": "00:01:32", "text": "resistance levels are. But here's the"}, {"start": "00:01:30", "end": "00:01:33", "text": "thing, guys. If Bitcoin is going to"}, {"start": "00:01:32", "end": "00:01:36", "text": "prove to us that a bottom has been"}, {"start": "00:01:33", "end": "00:01:38", "text": "reached, what it needs to do is form a"}, {"start": "00:01:36", "end": "00:01:40", "text": "fivewave rally and then break through"}, {"start": "00:01:38", "end": "00:01:42", "text": "resistance. This has not happened. By"}, {"start": "00:01:40", "end": "00:01:43", "text": "the way, you'll notice the sentiment has"}, {"start": "00:01:42", "end": "00:01:45", "text": "shifted. As you can see here, the"}, {"start": "00:01:43", "end": "00:01:48", "text": "sentiment reading, the fear and greed"}, {"start": "00:01:45", "end": "00:01:50", "text": "index on Bitcoin uh in recent days. In"}, {"start": "00:01:48", "end": "00:01:53", "text": "fact, it went to 22. In other words, it"}, {"start": "00:01:50", "end": "00:01:54", "text": "went from a low of extreme fear at five,"}, {"start": "00:01:53", "end": "00:01:56", "text": "as you can see there, towards the end of"}, {"start": "00:01:54", "end": "00:01:59", "text": "February. Then the sentiment went up a"}, {"start": "00:01:56", "end": "00:02:01", "text": "bit, it got a bit uh more positive"}, {"start": "00:01:59", "end": "00:02:03", "text": "towards 22 before dropping back down"}, {"start": "00:02:01", "end": "00:02:04", "text": "again. Also, if you take a look at this"}, {"start": "00:02:03", "end": "00:02:07", "text": "daily chart of Bitcoin, you'll see"}, {"start": "00:02:04", "end": "00:02:09", "text": "there's no positive divergence as yet on"}, {"start": "00:02:07", "end": "00:02:11", "text": "this chart. And usually there's a"}, {"start": "00:02:09", "end": "00:02:13", "text": "positive divergence on the chart of"}, {"start": "00:02:11", "end": "00:02:14", "text": "Bitcoin before a meaningful bottom takes"}, {"start": "00:02:13", "end": "00:02:16", "text": "place, but as yet there's none. By the"}, {"start": "00:02:14", "end": "00:02:19", "text": "way, some people misunderstand this word"}, {"start": "00:02:16", "end": "00:02:21", "text": "bottom because often when I use it in my"}, {"start": "00:02:19", "end": "00:02:22", "text": "videos, people think that a bottom means"}, {"start": "00:02:21", "end": "00:02:24", "text": "that a rally must happen back to the"}, {"start": "00:02:22", "end": "00:02:26", "text": "all-time highs. No, guys, you can"}, {"start": "00:02:24", "end": "00:02:28", "text": "actually have two kinds of bottom after"}, {"start": "00:02:26", "end": "00:02:30", "text": "a major crash. One is an intermediate"}, {"start": "00:02:28", "end": "00:02:31", "text": "temporary bottom, as you can see here."}, {"start": "00:02:30", "end": "00:02:34", "text": "In other words, the kind of bottom you"}, {"start": "00:02:31", "end": "00:02:35", "text": "see before a bare market rally, which"}, {"start": "00:02:34", "end": "00:02:37", "text": "actually often fails. Then you can have"}, {"start": "00:02:35", "end": "00:02:39", "text": "a second kind of a bottom, more of a"}, {"start": "00:02:37", "end": "00:02:41", "text": "long-term low before we rally towards"}, {"start": "00:02:39", "end": "00:02:43", "text": "the all-time highs. So you can have two"}, {"start": "00:02:41", "end": "00:02:45", "text": "kinds of a bottoming structure or in"}, {"start": "00:02:43", "end": "00:02:47", "text": "other words something that forms a floor"}, {"start": "00:02:45", "end": "00:02:49", "text": "in the market. But my feeling is that"}, {"start": "00:02:47", "end": "00:02:51", "text": "this current bounce and rally we've seen"}, {"start": "00:02:49", "end": "00:02:54", "text": "the last few weeks since the February"}, {"start": "00:02:51", "end": "00:02:56", "text": "crash is not convincing. It's not by any"}, {"start": "00:02:54", "end": "00:02:58", "text": "means impressive. And again it's not"}, {"start": "00:02:56", "end": "00:03:01", "text": "impulsive. The structure looks"}, {"start": "00:02:58", "end": "00:03:03", "text": "corrected. It's three waves. And again"}, {"start": "00:03:01", "end": "00:03:05", "text": "to me this looks like an ABC rally so"}, {"start": "00:03:03", "end": "00:03:06", "text": "far. And again we've not broken through"}, {"start": "00:03:05", "end": "00:03:08", "text": "resistance. So at the moment the"}, {"start": "00:03:06", "end": "00:03:11", "text": "probabilities are still in favor of"}, {"start": "00:03:08", "end": "00:03:13", "text": "another drop back to new lows and that I"}, {"start": "00:03:11", "end": "00:03:16", "text": "think is the higher probability in my"}, {"start": "00:03:13", "end": "00:03:18", "text": "view. I think that in the next few weeks"}, {"start": "00:03:16", "end": "00:03:20", "text": "or the next several weeks, I think we"}, {"start": "00:03:18", "end": "00:03:21", "text": "could see even if this bounce continues,"}, {"start": "00:03:20", "end": "00:03:23", "text": "even if we might see a continuation,"}, {"start": "00:03:21", "end": "00:03:25", "text": "this bounce, as long as Bitcoin stays"}, {"start": "00:03:23", "end": "00:03:28", "text": "below resistance, and again, as long as"}, {"start": "00:03:25", "end": "00:03:30", "text": "Bitcoin's pattern remains corrective, I"}, {"start": "00:03:28", "end": "00:03:32", "text": "still think the higher probability is"}, {"start": "00:03:30", "end": "00:03:35", "text": "for us to see another lower low, in"}, {"start": "00:03:32", "end": "00:03:37", "text": "other words, another drop to new lows"}, {"start": "00:03:35", "end": "00:03:39", "text": "below the 60K level and then test the"}, {"start": "00:03:37", "end": "00:03:41", "text": "next support below the February lows."}, {"start": "00:03:39", "end": "00:03:43", "text": "Okay, guys? So, that I think is much"}, {"start": "00:03:41", "end": "00:03:45", "text": "more probable, much more likely. And by"}, {"start": "00:03:43", "end": "00:03:47", "text": "the way, if we see some kind of weakness"}, {"start": "00:03:45", "end": "00:03:48", "text": "in the stock market, uh, which we're"}, {"start": "00:03:47", "end": "00:03:50", "text": "beginning to see at the moment, that"}, {"start": "00:03:48", "end": "00:03:51", "text": "also could put downward pressure on"}, {"start": "00:03:50", "end": "00:03:53", "text": "Bitcoin as well. So that's something we"}, {"start": "00:03:51", "end": "00:03:56", "text": "have to bear in mind. Let's see if the"}, {"start": "00:03:53", "end": "00:03:58", "text": "next drop that occurs whether buyers"}, {"start": "00:03:56", "end": "00:04:00", "text": "will step in, whether bulls will step in"}, {"start": "00:03:58", "end": "00:04:03", "text": "and perhaps form a much better low, a"}, {"start": "00:04:00", "end": "00:04:04", "text": "much more stronger support and flooring"}, {"start": "00:04:03", "end": "00:04:06", "text": "bottoming structure. And guys, make sure"}, {"start": "00:04:04", "end": "00:04:08", "text": "you check out the member video for much"}, {"start": "00:04:06", "end": "00:04:09", "text": "more detailed analysis of Bitcoin, stock"}, {"start": "00:04:08", "end": "00:04:10", "text": "markets, and gold. Thank you very much"}, {"start": "00:04:09", "end": "00:04:12", "text": "indeed, guys. So from here in Turkey,"}, {"start": "00:04:10", "end": "00:04:15", "text": "thank you very much indeed. See you guys"}, {"start": "00:04:12", "end": "00:04:15", "text": "in the next video up. Cheers."}]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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